NewzIntel.com

Category: Trade

  • MIL-OSI: OTC Markets Group Welcomes OMV AG to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced OMV AG (Vienna Stock Exchange: OMV; OTCQX: OMVKY, OMVJF), an integrated sustainable chemicals, fuels, and energy company, has qualified to trade on the OTCQX® Best Market. OMV AG upgraded to OTCQX from the Pink® market.

    OMV AG begins trading today on OTCQX under the symbols “OMVKY” and “OMVJF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “We are pleased to announce our upgrade to the OTCQX® Best Market. With a strong foundation of international investors, this move further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors and it provides them with an opportunity to participate in OMV’s growth and financial strength. Based on our strong balance sheet, OMV is a sector leader in shareholder distributions, with a strong track record of consistently delivering value to its investors. We look forward to sharing our equity story and warmly welcoming new investors to join us on this journey,” said Reinhard Florey, Chief Financial Officer.

    About OMV AG
    It is our purpose to re-invent essentials for sustainable living. OMV is transitioning to become an integrated sustainable chemicals, fuels and energy company with a focus on circular economy solutions. By gradually switching over to the low carbon business, OMV is striving to achieve net zero by 2050 at the latest. In 2024, the company generated revenues of 34 billion euros with a diverse and talented workforce of around 23,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the US as American Depository Receipts (OMVKY). For more information, please visit www.omv.com. 

    About OTC Markets Group Inc.

    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Northisle Copper and Gold Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Northisle Copper and Gold Inc. (TSX-V: NCX; OTCQX: NTCPF), a Vancouver-based sustainable mineral resource company, has qualified to trade on the OTCQX® Best Market. Northisle Copper and Gold Inc. upgraded to OTCQX from the Pink® market.

    Northisle Copper and Gold Inc. begins trading today on OTCQX under the symbol “NTCPF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    Sam Lee, President & CEO of Northisle, commented: “We are excited to begin trading on OTCQX, which will provide greater accessibility and visibility for Northisle among U.S. investors as we continue advancing our compelling North Island copper-gold project. With a recently completed PEA outlining a C$2.0 billion after-tax NPV and a 29% IRR, and a 2025 exploration program already underway targeting higher-margin zones and new porphyry centers, Northisle is at an inflection point. Our focus on responsible development, stakeholder engagement, and district-scale opportunity in a tier-one jurisdiction positions us to deliver long-term value. We look forward to welcoming new shareholders to participate in this exciting phase of growth.”

    About Northisle Copper and Gold Inc.
    Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada’s leading sustainable mineral resource company for the future. Northisle, through its 100% owned subsidiary North Island Mining Corp., owns the North Island Project, which is one of the most promising copper and gold porphyry projects in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometers northwest from the now closed Island Copper Mine operated by BHP Billiton. Since 2021, the Company has discovered two significant deposits, expanded resources, demonstrated the economic potential of the project, and is now focused on accelerating the advancement of this compelling project while exploring within this highly prospective land package.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI Russia: The finale of the Polytech Star project has died down

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The end of April was marked by a big event — the final show of “Star of Polytech”. These are ten solo performances, seven collaboration numbers, a multi-level stage, professional lighting and impressive productions.

    The winner of the 17th season of “Polytech Star” was determined by true professionals in the world of music and creativity: the artistic director of the Student Club Dmitry Misyura, Chairman of the Trade Union of Students of SPbPU Maxim Susorov, head of the service for work with educational organizations of the Tavrida.Art Art Cluster Anastasia Kraft, main organizer of several seasons of the Polytechnic Star Nadezhda Kirpichenkova, international voice coach Andrey Solokhin and winner of the Best Vocal Mentor award Olga Golubtsova.

    It’s great that a seemingly non-creative university provides such opportunities to develop talents in the creative industries, commented Anastasia Kraft.

    Impeccable vocals, powerful delivery and a touch of outrageousness – this is how the 2nd year student of IPMEiT Alexander Zinchenko won the stage and the hearts of the jury. His performance proved that talent, courage and passion for music really do work wonders. Thanks to his persistence, Alexander became the main star of the project and won a ticket to the festival of young creativity “Tavrida.Art”.

    Honestly, I still can’t believe that this is all reality and not a dream. There are probably no words in the world that could describe my feelings. Now in my head there are only words of endless gratitude to the organizers of the project, to everyone who rooted for me and supported me. Don’t be afraid to try something new and develop in what you like. Believe in yourself, and everything will definitely work out! – shared Alexander Zinchenko.

    Second place went to first-year master’s student of the Institute of Geology Anna Bakhur, and third place and the audience award went to second-year student of the Institute of Mathematics and Electronics Ekaterina Pautova. In the nomination “Best Collaboration”, the victory was awarded to Ilya Klochikhin, Ilya Kulagin and Kirill Ivanov. The winner in the nomination “Best Host” and the owner of a ticket to the “Yuzhny” camp was second-year student of the Institute of Mathematics and Electronics Ivan Umrikhin.

    For the third season in a row, the Polytech Star project, organized with the support of the Polytech Student Club, proves that there are no barriers to development and reaching new heights.

    Every year our project grows, becomes larger and inspires us to conquer new heights. Huge thanks to the organizers for their professionalism and united work, as well as to the participants of the season for their talent, serious approach to preparation and sincere love for our common cause. “Polytech Star” is a community of like-minded people, a real family that becomes brighter and stronger with each season, – noted the project manager Maxim Pilyugin.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Government announces confirmed Chair and Board appointments to the S4C Board

    Source: United Kingdom – Executive Government & Departments

    News story

    Government announces confirmed Chair and Board appointments to the S4C Board

    Delyth Evans is confirmed as the new Chair of S4C. Denise Lewis Poulton is reappointed and five new appointments have been made to the Board.

    Delyth Evan

    Delyth Evans’ term as Chair commenced on 1 May 2025 and will last for 4 years. Delyth Evans appeared before the Welsh Affairs Committee on Wednesday 23rd April for pre- appointment scrutiny. The Committee published their report on Friday 25 April, endorsing the appointment. The Government’s response to the Committee’s report was published on 30 April 2025. 

    This process for appointing the Chair of S4C is set out in the Broadcasting Act 1990.    

    Ministers were assisted in their decision-making by an Advisory Assessment Panel which included a departmental official and a senior independent panel member approved by the Commissioner for Public Appointments. The Welsh Government and UK Government Wales office were also represented on the Panel. 

    Delyth has declared she worked as a speechwriter for John Smith MP, Leader of the Labour Party between 1992-94. She worked as a special adviser to Alun Michael, First Minister of the Welsh Assembly between 1999-2000. She became a Member of the Welsh Assembly, representing the Mid and West Wales constituency for the Labour Party, between 2000-2003. She stood as a Labour Parliamentary Candidate for the Carmarthen West and South Pembrokeshire Constituency at the 2015 General Election. She has not undertaken any political activity since 2015.

    Denise Lewis Poulton is reappointed to the Board

    Denise is an experienced non-executive director, trustee and senior advisor to private, public and third sector bodies. She specialises in strategic communications, brand and corporate affairs. She spent her corporate career primarily as a senior director at international telecommunications companies such as Bell Canada plc, Cable & Wireless Communications plc and Orange plc. She went on to set up a consultancy business advising a number of cultural, media and public sector organisations including the Welsh Government, The Senedd S4C and the Millennium Centre in Cardiff.

    Denise is a Trustee of the National Lottery Heritage Fund and National Heritage Memorial Fund and Chair of the Wales Committee. She has also chaired the NLHF’s Grant-in-Aid programme on behalf of Welsh Government. She has served as a Trustee and Non-Executive Director with several charitable and national cultural organisations including The Welsh National Opera, the Hay Literary Festival and The Wallace Collection in London. She is an Honorary Lifetime Fellow of BAFTA.

    Five new Board Members have been appointed to the Board of S4C

    William Dyfrig Davies

    William Dyfrig Davies is an experienced leader in the Welsh media industry with 30 years of experience in radio, television, and digital content creation. Starting as a researcher, he was trained as Director, Producer, Executive Producer, and ultimately Managing Director of Telesgop Independent Media Company before retiring earlier this year. Davies played a key role in TAC (Independent TV Production Association) for many years, serving as Chair for over three years. His extensive expertise in the Welsh production sector equips him to tackle the challenges faced by industry professionals. He is experienced in dealing with broadcasters, politicians and industry leaders. He chaired the Urdd, the youth movement of Wales, where he honed skills in guiding organizations through strategic changes during the covid pandemic. He remains a trustee and believes strongly in promoting opportunities for the youth of Wales. 

    A strong advocate for S4C’s independence, Dyfrig Davies  believes in its vital role in promoting Welsh language, culture, and the economy. His interests lie in Welsh culture and sports. Recently, he returned to his roots to support family businesses in west Wales.

    William Dyfrig Davies declared he has canvassed in the past on behalf of Plaid Cymru for county council/local authority, Senedd and Parliament elections, but not for at least 10 years.

    Dr Gwennllian Lansdown-Davies

    Dr Gwenllian Lansdown Davies is originally from Bangor but now lives with her husband and four children in Llanerfyl, Powys.  After being elected to represent Riverside on Cardiff County Council in 2004, she worked as Office Manager for Leanne Wood MS in the Rhondda before being appointed Plaid Cymru’s Chief Executive in 2007. After working for the Coleg Cymraeg Cenedlaethol at Aberystwyth University, she became Chief Executive of Mudiad Meithrin (a voluntary organisation and main provider and enabler of Welsh- medium early years childcare and education in the voluntary sector with over 1000 settings all over the country) in 2014.

    Gwenllian is on the Board of the Commission for Tertiary Education and Research and the National Lottery Fund in Wales and volunteers at her local Cylch Meithrin on the committee as the RI.

    Dr Gwenllian Lansdown Davies declared she obtained office as a Plaid Cymru Councillor (2004-2011), Stood as a candidate for Plaid Cymru where she stood for the last time in 2008 as Councillor and MEP and has spoken on behalf of the Plaid Cymru CEO until 2011.  She has acted as a political agent for the Plaid Cymru CEO until 2011 and was a branch official. She has also canvassed on behalf of the party until 2011.

    Catryn Ramasut

    Catryn Ramasut is a strategic leader and entrepreneurial media practitioner with over 25 years of experience in the creative industries and arts organisations. A Cardiff-born, Welsh-speaking woman of mixed heritage, she brings a unique perspective to Wales’s cultural landscape. Catryn co-founded and served as Managing Director of award-winning ie ie productions, producing acclaimed films like “American Interior” and “Rockfield: The Studio on the Farm,” alongside critically recognised television content. Recently, she co-produced “Brides,” which premiered at the 2025 Sundance Film Festival.

    She represents Wales on the DCMS Creative Industries Council, was the inaugural Chair of Creative Wales, Welsh Government and a board member of Chapter Arts Centre. Catryn has recently been appointed Director of Arts at Arts Council of Wales, where she provides strategic leadership across the sector. Committed to revitalising Wales’s creative industries, Catryn combines cultural sensitivity with strategic innovation to develop a forward-thinking vision that embraces diversity, nurtures talent, and showcases Welsh creativity on the international stage.

    Catryn has declared she has applied independently but has no other political activity.

    Wyn Innes

    Wyn is a Chartered Accountant, who trained with Grant Thornton and Price Waterhouse with over 30 years experience working in both the Public and Private Sectors. He is currently Chief Financial Officer and Board Director of Ogi, Wales’s largest independent full fibre broadband business.

    Previously Wyn worked in both London and Cardiff in executive, financial and commercial roles. He was Managing Director of S4C’s commercial companies for 7 years. This included being CEO of SDN, a Digital Television Multiplex Company which he oversaw the sale of to ITV. Wyn was born in Cardiff and attended Bryntaf Cardiff’s only Welsh language Primary school at the time, and Ysgol Gyfun Llanhari. He is passionate about extending the role of the Welsh language and sees S4C as having a pivotal role in this endeavour. Married with three grown up children, in his spare time he enjoys playing cricket, golf and running whenever he can.

    Wyn Innes declared he has undertaken no political activity.

    Betsan Powys

    Betsan Powys was, for nearly three decades, a BBC journalist, a news and current affairs reporter and for some years, a member of the ITV Wales Current Affairs team. She won BT and BAFTA Wales journalism awards and became part of the prestigious BBC Panorama reporting team, before returning to Cardiff to cover the impact of devolution as BBC Wales Political Editor. She was responsible for leading BBC Wales’ election and referendum broadcasting for many years, appearing regularly on both network television and radio. Betsan became Editor of Welsh language radio and online services and subsequently, a BBC Wales board member. For some years now she’s been working as a freelance and is proud to have been honoured with fellowships of Aberystwyth University and the Radio Academy.

    Betsan Powys has declared she has undertaken no political activity.

    Notes to Editors

    • S4C (Sianel Pedwar Cymru, meaning “Channel 4 Wales”) is a British Welsh-language free-to-air television channel. 
    • The Chair of S4C is remunerated at £40,000 per annum and the time commitment will be equivalent to an average of two days a week.  
    • The Board members of S4C are remunerated at £9,650 per annum and the time commitment is on average of one day a week.The Broadcasting Act sets out how the Chair will be appointed.  
    • These appointments have been made in accordance with the Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments.
    • DCMS has around 400 regulated Public Appointment roles across 42 Public Bodies including Arts Council England, Theatres Trust, the National Gallery, UK Sport and the Gambling Commission. We encourage applications from talented individuals from all backgrounds and across the whole of the United Kingdom.  To find out more about Public Appointments or to apply visit the HM Government Public Appointments Website.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Dmitry Chernyshenko and To Lam opened the Russian-Vietnamese business forum

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister of Russia Dmitry Chernyshenko and General Secretary of the Central Committee of the Communist Party of Vietnam To Lam greeted the participants of the Russian-Vietnamese business forum. Also in their presence, the start of work was given to the plant for the production and processing of dairy products of the company “TH True Milk” in the Kaluga region.

    The event took place as part of To Lam’s official visit to Russia. Earlier, on May 10, negotiations between Russian President Vladimir Putin and the Secretary General took place in the Kremlin.

    The forum featured speeches by representatives of VTB Bank, AFK Sistema, and the Cyberus Foundation for the Development of Effective Cybersecurity.

    Dmitry Chernyshenko thanked the Vietnamese delegation for participating in the festive events dedicated to the 80th anniversary of the Great Victory. He quoted President Vladimir Putin as saying that relations between Russia and Vietnam continue to develop steadily in the spirit of equality, mutual respect and consideration of each other’s interests.

    This year our countries celebrate a significant date – 75 years since the establishment of diplomatic relations. As was indicated at the recent meeting of To Lam with the Chairman of the Russian Government Mikhail Mishustin, today special attention is paid to increasing trade and economic cooperation and increasing mutual trade turnover between Russia and Vietnam.

    “We see how much Vietnam has achieved in these areas

    in recent years. By the end of 2024, the GDP growth rate exceeded 7%, and the country’s trade turnover approached the $800 billion mark. The Russian economy is also showing high growth rates: by the end of last year – more than 4.1%. Today, the demand of the state and business for increasing economic ties, including with our friendly Vietnam, is obvious. The key tasks of our bilateral cooperation are mutual investments and the implementation of specific projects. We need to create the most favorable climate for the fruitful work of Russian and Vietnamese companies in the markets of both countries,” said the Russian Deputy Prime Minister.

    The Free Trade Agreement has been in force between Russia and Vietnam for almost 10 years. It provides duty-free access to almost all groups of goods. Especially in such important positions as dairy products, meat, wheat, fertilizers and cars. It is important to come to a joint decision on how to use this agreement even more effectively.

    Dmitry Chernyshenko also noted the Comprehensive Cooperation Plan for the period up to 2030 signed in January: “It was this strategic document that allowed us to agree on joint measures and new mechanisms for cooperation on projects in the scientific sphere, energy and mechanical engineering, which will lead to an almost threefold increase in trade turnover between our countries – up to 15 billion dollars by 2030.”

    Cooperation is developing on the digital track: “Vietnam is the leader in terms of growth rates of the digital economy and e-commerce. Russia offers the best solutions in the field of digital technologies, industrial software and telecommunications. The work of the joint Center for Artificial Intelligence and Digital Technologies in Hanoi has already been launched,” the Russian Deputy Prime Minister said.

    In agriculture, Russia and Vietnam not only successfully carry out mutual deliveries of food products, but are already localizing production.

    Dmitry Chernyshenko also highlighted cooperation in the tourism sector: “According to the Ministry of Economic Development, following the results of the first quarter of 2025, Russia came out on top in terms of growth rates of tourist flow to Vietnam – 110%. We are creating comfortable conditions for your tourists in Russia. An electronic visa for Vietnamese citizens has been launched, and we are increasingly adapting the service sector to their wishes. We will increase the length of stay, for example, with an electronic visa to 30 days. We are expanding the geography of flights of Russian airlines to Vietnamese cities. We sincerely thank the Vietnamese side for the fact that on May 8, with the participation of the Secretary General, the flight program of Vietnam Airlines from Hanoi to Moscow was resumed. I am confident that this will allow us to qualitatively improve the level of our relations in the tourism industry!” he said.

    The Deputy Prime Minister invited Vietnamese partners to take part in the St. Petersburg International Economic Forum and the Eastern Economic Forum in Vladivostok in 2025.

    To Lam stressed the importance of economic cooperation between Vietnam and Russia. According to him, the parties reached an agreement to expand investment volumes to $15 billion. To Lam called on business circles of both countries to actively conclude contracts and agreements within the framework of the business forum in order to maximize the benefits in all areas: investment, trade, and scientific and technical cooperation. He also expressed Vietnam’s interest in deepening partnership relations with Russia in such sectors as agriculture, energy, industry, mechanical engineering, and information technology. He specifically mentioned the great potential for cooperation in energy and agriculture.

    In conclusion, the Secretary General thanked the Russian Government for providing conditions for Vietnamese investors and businessmen aimed at developing tourism in Russia.

    In the presence of Dmitry Chernyshenko and To Lam, a ceremony of exchanging bilateral documents between Russian and Vietnamese companies took place. Among them are the Agreement on Cooperation between the National Research University Higher School of Economics and the Vietnam Academy of Science and Technology, as well as the Memorandum of Understanding, Strategic Cooperation for 2025-2026 for the purpose of jointly promoting Vietnam as a tourist destination and Vinpearl products between Anex Tour LLC and Vinpearl.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Insolvency Service announces interim Chief Executive

    Source: United Kingdom – Executive Government & Departments

    Press release

    Insolvency Service announces interim Chief Executive

    The agency’s Chief Executive Officer, Dean Beale, left the organisation on 12 May 2025 to move to a position outside the Civil Service

    • Chief Operating Officer Alec Pybus to become interim Chief Executive Officer 

    • Dean Beale worked at the Insolvency Service for 30 years

    • He left the agency to join the Centre for Public Interest Audit as its Executive Director

    The Insolvency Service has announced that Alec Pybus, formerly Chief Operating Officer, is now interim Chief Executive Officer after Dean Beale announced his departure earlier this year.  

    Mr Beale left the agency on 12 May, having been Chief Executive Officer of the Insolvency Service since 2019.  

    In February 2025, he announced that he would be moving to the Centre for Public Interest Audit as its Executive Director, after more than 30 years in the insolvency sector. 

    Alec Pybus will act as interim Chief Executive Officer – stepping up from his current role of Chief Operating Officer – while the Department of Business and Trade undertakes the recruitment of a permanent CEO. 

    Dean Beale, former Insolvency Service Chief Executive Officer, said:  

    It has been a privilege to serve as Chief Executive Officer for the past six years.  

    The Insolvency Service will be in safe hands with Alec, who has vast experience and knowledge of this complex sector. 

    I wish him and everyone at the Insolvency Service the very best for the future.  

    Alec Pybus, Insolvency Service interim Chief Executive Officer, added:  

    I’m delighted to have been given this opportunity, and I am looking forward to taking up this role while a new Chief Executive is recruited.  

    I have been working with Dean over the past few months to ensure this transition is as smooth as possible.

    Dean Beale announced his departure from the Insolvency Service in February 2025 – read more here: Insolvency Service Chief Executive announces plan to move on to new position – GOV.UK

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States

    Source: The White House

    SECURING ANOTHER HISTORIC DEAL: Today, on the heels of the brand-new deal with the United Kingdom, President Donald J. Trump reached an agreement with China to reduce China’s tariffs and eliminate retaliation, retain a U.S. baseline tariff on China, and set a path for future discussions to open market access for American exports.

    • Today, the United States issued the first joint statement on trade in many years with China after successful negotiations over the weekend in Geneva, Switzerland.
    • Both parties affirmed the importance of the critical bilateral economic and trade relationship between both countries and the global economy.
    • For too long, unfair trade practices and America’s massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector.
    • In reaching an agreement, the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff. Other U.S. measures will remain in place.
    • Both sides will take these actions by May 14, 2025.
    • This trade deal is a win for the United States, demonstrating President Trump’s unparalleled expertise in securing deals that benefit the American people.

    CHINESE ACTIONS: China will remove the retaliatory tariffs it announced since April 4, 2025, and will also suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

    • China will also suspend its initial 34% tariff on the United States it announced on April 4, 2025 for 90 days, but will retain a 10% tariff during the period of the pause.

    AMERICAN ACTIONS: The United States will remove the additional tariffs it imposed on China on April 8 and April 9, 2025, but will retain all duties imposed on China prior to April 2, 2025, including Section 301 tariffs, Section 232 tariffs, tariffs imposed in response to the fentanyl national emergency invoked pursuant to the International Emergency Economic Powers Act, and Most Favored Nation tariffs. 

    • The United States will suspend its 34% reciprocal tariff imposed on April 2, 2025 for 90 days, but retain a 10% tariff during the period of the pause.
    • The 10% tariff continues to set a fair baseline that encourages domestic production, strengthens our supply chains and ensures that American trade policy supports American workers first, instead of undercutting them.
    • By imposing reciprocal tariffs, President Trump is ensuring our trade policy works for the American economy, addresses our national emergency brought on by our growing and persistent trade deficit, and levels the playing field for American workers and producers.
    • Unlike previous administrations, President Trump took a tough, uncompromising stance on China to protect American interests and stop unfair trade practices.

    WORKING TOWARDS A REBALANCING: When these changes come into effect, both nations agreed to establish a mechanism to continue important discussions about trade and economics.

    • The U.S. goods trade deficit with China was $295.4 billion in 2024—the largest with any trading partner.
    • Today’s agreement works toward addressing these imbalances to deliver real, lasting benefits to American workers, famers, and businesses.
    • As our nations continue these discussions, China will be represented by He Lifeng, Vice Premier of the State Council.
    • The United States will be represented by Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative.

    ADDRESSING THE FENTANYL CRISIS: The United States and China will take aggressive actions to stem the flow of fentanyl and other precursors from China to illicit drug producers in North America.

    MIL OSI USA News –

  • MIL-OSI: MEXC Launches DEX+ Super Fest with Multiple Rewards and Fee Rebates

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 12, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, is thrilled to announce the launch of its highly anticipated DEX+ Super Fest. The event kicks off on May 10, 2025, at 05:00 (UTC) and runs through June 10, 2025, at 05:00 (UTC). This global celebration brings users a unique trading experience packed with exciting benefits, generous incentives, and the chance to earn up to 550 USDT in rewards.

    MEXC DEX+ seamlessly integrates the security and convenience of centralized trading with the asset diversity and early price discovery advantages of decentralized platforms. Designed to make on-chain trading simpler and safer, DEX+ empowers users to engage confidently in the Web3 space.

    To support the growth of the DEX+ ecosystem and reward its global user base, MEXC is launching this event with a three-tiered reward structure, encouraging users to explore decentralized trading while benefiting from early market participation.

    Three Reward Tiers—Earn Up to 550 USDT

    1. Exclusive New User Reward

    During the event, new users who register on MEXC for the first time and complete at least 100 USDT in total trading volume on DEX+ will receive 20 USDT worth of SOL tokens, helping them kickstart their journey into trading on DEXs.

    2. Trading Streak Rewards

    Existing users can unlock rewards based on their trading activity:

    • Trade a minimum of 50 USDT over three consecutive days to earn 10 USDT in bonus rewards.
    • Reach a total of 200 USDT in trading volume over seven consecutive days to receive an additional 20 USDT, for a total reward of up to 30 USDT per person.

    3. Referral Rewards

    Invite friends through your unique referral link and earn 20 USDT per valid referral. Each participant can earn up to 500 USDT in referral rewards. Additionally, all referrers will enjoy a 40% trading fee rebate based on their referees’ DEX+ trading activity.

    The DEX+ Super Fest is a rare opportunity for crypto users worldwide to explore decentralized exchanges, enjoy innovative features, and unlock meaningful rewards. Whether you’re just beginning your crypto journey or already an experienced trader, this campaign delivers real value.

    Don’t miss your chance to trade smarter, earn more, and explore the future of DeFi. Visit the DEX+ Super Fest page on MEXC and join today.

    About MEXC

    Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto”. Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 40 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

    For more information, please visit: MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu at lucia.hu@mexc.com

    Source

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/02e69a99-234c-4ea2-aa76-5eeb23f86acc

    The MIL Network –

  • MIL-OSI: MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 12, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has released its April 2025 trading highlights, showcasing impressive results in token performance, early listing advantages, and community-driven events like airdrops.

    Key Takeaways:

    • MEXC listed 160 new tokens in April, led by trends in Meme, GameFi, AI, and DePIN sectors.
    • Top 10 new listings delivered an average of 832.33% ATH return, with HOUSE soaring +3,830%.
    • Tokens with high spot trading volume saw daily returns averaging 403.49%.
    • By pioneering listings for five key tokens—most notably HOUSE, which surged 11,580% between listings—MEXC gave users early access prior to their inclusion in IDO and alpha programs on other tier1 exchanges .
    • Airdrop+ campaigns reached 40,000+ participants, distributing about $1.5M in token rewards with a 40 USDT average return per user.

    According to the report, MEXC listed 160 new tokens in April, a 16.79% increase compared to March. This increase was driven by surging user interest in sectors such as Meme coins, GameFi, AI, and DePIN. This expansion of early-access opportunities reflects MEXC’s agile listing strategy and commitment to supporting new niches and communities.

    Top New Listings Deliver 832% Average Peak Returns

    MEXC’s strategic approach to listings paid off, with the top 10 tokens achieving an average all-time high return of 832.33%. HOUSE led the pack, posting a remarkable +3830.90% gain, followed by SEED (+952.63%) and TROLLSOL (+831.31%). These high performers span ecosystems including Solana, Sui, BSC, Ethereum, and Babylon.

    Strong Daily Performance Tied to Trading Volume

    April’s top 10 tokens by spot trading volume also posted robust short-term returns, with an average 24-hour return of 403.49%. Among them were the following assets:

    • WCT (+849.40%)
    • BANK (+937.10%)
    • BABY (+738.00%)

    The early token growth metrics highlight that activity on the platform is an important signal for early traders.

    MEXC Empowers Traders with Early Price Discovery Capabilities

    Notably, five tokens later featured in leading IDO and alpha programs were listed on MEXC prior to their program debuts, posting price gains of several hundred to several thousand percent between the two events:

    • HOUSE: +11,580%
    • PUMP: +281.54%

    The report findings reinforced MEXC’s reputation as a platform where market momentum is often detected first.

    Airdrop+ Events Attract 40,000 Participants, Drive New Token Buzz

    MEXC ran 23 Airdrop+ campaigns during the month, attracting over 40,000 participants and distributing almost $1.5 million in tokens. The average return per participant was 40 USDT, with top-performing tokens like SEED, PUMP, and BABY included in the prize pools.

    Airdrop+ has proven itself as a tool not only for attracting but also activating users, especially in Asian and emerging markets. A recent MEXC report based on the analysis of more than 100 campaigns in recent months revealed that up to 35% of new users register through participation in airdrop activities. Users involved in the campaign were more likely to continue active trading and participate in subsequent IDO/IEO offerings on the platform.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afe828f5-67e6-4019-9b94-0ad0634dcb6f

    The MIL Network –

  • MIL-OSI United Kingdom: Lord Mayor welcomes prestigious King’s Award for The Deluxe Group

    Source: Northern Ireland City of Armagh

    Lord Mayor, Councillor Sarah Duffy, with Colm O’Farrell, Executive Chairman of The Deluxe Group, and Roger Wilson, ABC Council Chief Executive

    Lord Mayor of Armagh City, Banbridge and Craigavon Borough, Councillor Sarah Duffy has warmly welcomed the announcement that Portadown-based company, The Deluxe Group, has been honoured with the King’s Award for Enterprise in International Trade.

    The award – one of the UK’s most prestigious business honours – recognises the company’s extraordinary 575% increase in overseas revenue over the past three years, with exports now accounting for over half of its total turnover.

    Renowned for creating world-class, story-led interiors across the luxury hospitality, residential, cruise, and theme park sectors, The Deluxe Group has firmly established itself as a leader in immersive and experiential design. With over 50 years of experience, the company combines creativity, digital innovation, and artisan craftsmanship to deliver captivating environments for global clients.

    Lord Mayor, Cllr Sarah Duffy meets staff from The Deluxe Group in their Portadown Office.

    The firm’s impressive portfolio includes projects across the USA, Japan, the Middle East, and Europe, with standout work including the celebrated Game of Thrones Studio Tour in Banbridge.

    Welcoming the announcement, the Lord Mayor, Councillor Sarah Duffy said:

    “This is a truly outstanding achievement and a moment of great pride not just for The Deluxe Group, but for the entire borough. This prestigious honour is a reflection of the company’s exceptional vision, craftsmanship and global ambition. It’s a tremendous achievement and we’re incredibly proud of their success.”

    This latest recognition reinforces the region’s growing reputation for design and manufacturing excellence on the international stage.

    MIL OSI United Kingdom –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 19

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 24 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    12 May 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 19

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 19:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 5,522,575 223.4918 1,234,250,217
    05 May 2025 50,000 241.2694 12,063,470
    06 May 2025 50,000 241.2547 12,062,735
    07 May 2025 50,000 242.6798 12,133,990
    08 May 2025 50,000 244.4514 12,222,570
    09 May 2025 50,000 245.5153 12,275,765
    Total accumulated over week 19 250,000 243.0341 60,758,530
    Total accumulated during the share buyback programme 5,772,575 224.3381 1,295,008,747

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.679% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

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

    The MIL Network –

  • MIL-OSI China: Full text: Joint Statement on China-U.S. Economic and Trade Meeting in Geneva

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

    Full text: Joint Statement on China-U.S. Economic and Trade Meeting in Geneva

    GENEVA, May 12 — China and the United States on Monday released a joint statement on China-U.S. Economic and Trade Meeting in Geneva.

    The following is the English translation of the full text of the joint statement:

    Joint Statement on China-U.S. Economic and Trade Meeting in Geneva

    The Government of the People’s Republic of China (“China”) and the Government of the United States of America (the “United States”),

    Recognizing the importance of their bilateral economic and trade relationship to both countries and the global economy;

    Recognizing the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship;

    Reflecting on their recent discussions and believing that continued discussions have the potential to address the concerns of each side in their economic and trade relationship; and

    Moving forward in the spirit of mutual opening, continued communication, cooperation, and mutual respect;

    The Parties commit to take the following actions by May 14, 2025:

    The United States will (i) modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macau Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining ad valorem rate of 10 percent on those articles pursuant to the terms of said Order; and (ii) removing the modified additional ad valorem rates of duty on those articles imposed by Executive Order 14259 of April 8, 2025 and Executive Order 14266 of April 9, 2025.

    China will (i) modify accordingly the application of the additional ad valorem rate of duty on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining additional ad valorem rate of 10 percent on those articles, and removing the modified additional ad valorem rates of duty on those articles imposed by Announcement of the Customs Tariff Commission of the State Council No. 5 of 2025 and Announcement of the Customs Tariff Commission of the State Council No. 6 of 2025; and (ii) adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

    After taking the aforementioned actions, the Parties will establish a mechanism to continue discussions about economic and trade relations. The representative from the Chinese side for these discussions will be He Lifeng, Vice Premier of the State Council, and the representatives from the U.S. side will be Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative. These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the Parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues.

    MIL OSI China News –

  • MIL-OSI China: Joint Statement on China-US Economic and Trade Meeting in Geneva

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

    China and the United States on Monday released a joint statement on China-U.S. Economic and Trade Meeting in Geneva.

    The following is the English translation of the full text of the joint statement:

    Joint Statement on China-U.S. Economic and Trade Meeting in Geneva

    The Government of the People’s Republic of China (“China”) and the Government of the United States of America (the “United States”),

    Recognizing the importance of their bilateral economic and trade relationship to both countries and the global economy;

    Recognizing the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship;

    Reflecting on their recent discussions and believing that continued discussions have the potential to address the concerns of each side in their economic and trade relationship; and

    Moving forward in the spirit of mutual opening, continued communication, cooperation, and mutual respect;

    The Parties commit to take the following actions by May 14, 2025:

    The United States will (i) modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macau Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining ad valorem rate of 10 percent on those articles pursuant to the terms of said Order; and (ii) removing the modified additional ad valorem rates of duty on those articles imposed by Executive Order 14259 of April 8, 2025 and Executive Order 14266 of April 9, 2025.

    China will (i) modify accordingly the application of the additional ad valorem rate of duty on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining additional ad valorem rate of 10 percent on those articles, and removing the modified additional ad valorem rates of duty on those articles imposed by Announcement of the Customs Tariff Commission of the State Council No. 5 of 2025 and Announcement of the Customs Tariff Commission of the State Council No. 6 of 2025; and (ii) adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

    After taking the aforementioned actions, the Parties will establish a mechanism to continue discussions about economic and trade relations. The representative from the Chinese side for these discussions will be He Lifeng, Vice Premier of the State Council, and the representatives from the U.S. side will be Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative. These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the Parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues.

    MIL OSI China News –

  • MIL-OSI USA: Joint Statement on U.S.-China Economic and Trade Meeting in Geneva

    US Senate News:

    Source: The White House
    Joint Statement on U.S.-China Economic and Trade Meeting in Geneva
    The Government of the United States of America (the “United States”) and the Government of the People’s Republic of China (“China”),
    Recognizing the importance of their bilateral economic and trade relationship to both countries and the global economy;
    Recognizing the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship;
    Reflecting on their recent discussions and believing that continued discussions have the potential to address the concerns of each side in their economic and trade relationship; and
    Moving forward in the spirit of mutual opening, continued communication, cooperation, and mutual respect;
    The Parties commit to take the following actions by May 14, 2025:
    The United States will (i) modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macau Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the  remaining ad valorem rate of 10 percent on those articles pursuant to the terms of said Order; and (ii) removing the modified additional ad valorem rates of duty on those articles imposed by Executive Order 14259 of April 8, 2025 and Executive Order 14266 of April 9, 2025.
    China will (i) modify accordingly the application of the additional ad valorem rate of duty on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining additional ad valorem rate of 10 percent on those articles, and removing the modified additional ad valorem rates of duty on those articles imposed by Announcement of the Customs Tariff Commission of the State Council No. 5 of 2025 and Announcement of the Customs Tariff Commission of the State Council No. 6 of 2025; and (ii) adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.
    After taking the aforementioned actions, the Parties will establish a mechanism to continue discussions about economic and trade relations. The representative from the Chinese side for these discussions will be He Lifeng, Vice Premier of the State Council, and the representatives from the U.S. side will be Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative. These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the Parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues.

    MIL OSI USA News –

  • MIL-OSI: A cheaper and safer way to invest in crypto – perpetual futures are now live in Europe for retail

    Source: GlobeNewswire (MIL-OSI)

    • Regulated trading firm One Trading launches EU onshore for retail investors
    • For the first time, retail investors can trade cash-settled Bitcoin and Ethereum perpetual futures and go long or short
    • Generating returns without CFD provider fees
    • Licensed for multilateral trading under MiFID II in the EU
    • One Trading’s vertically integrated platform delivers 24/7 settlement and low-latency execution without the costs of traditional clearing models

    AMSTERDAM, May 12, 2025 (GLOBE NEWSWIRE) — One Trading, the leading European trading platform, today announces the expansion of its regulated perpetual futures trading venue to eligible retail investors in Germany, the Netherlands, and Austria. Following its institutional launch last month, One Trading has become the first MiFID II-regulated derivatives exchange in Europe to offer crypto perpetual futures to institutional and eligible retail customers alike.

    A market ripe for disruption

    Crypto derivatives are currently dominated by players that offer spot trading locally, but derivatives only on unregulated offshore venues. With this launch, for the first time, these products will now be fully and safely accessible to eligible retail customers in Europe. Retail customers in Germany, the Netherlands, and Austria can now trade BTC/EUR and ETH/EUR perpetual futures through a fully regulated, onshore venue — allowing customers to go both long or short with leverage, and avoiding the high costs and regulatory risks associated with offshore, unregulated platforms.

    One Trading operates under a MiFID II OTF (Organised Trading Facility) licence granted by the Dutch Authority for the Financial Markets (AFM), ensuring the highest degree of regulatory compliance.

    The fastest regulated trading experience in crypto

    The platform offers real-time, 24/7 settlement every minute and allows eligible customers to access up to 10x leverage. By vertically integrating product creation and trading, One Trading removes the need for external clearing, delivering a simplified, cost-efficient and transparent trading experience.

    One Trading enables all investor types to trade their ideas and have the ability to long or short using any asset and drive higher returns for their portfolios using leverage. It provides a transparent, regulated, and cost-effective alternative to traditional derivatives.

    Retail access is now operational, with support for German, Austrian and Dutch customers, and tailored onboarding to ensure a secure and compliant experience.

    CEO of One Trading Joshua Barraclough commented:
    “For too long, retail investors have had to either pay enormous fees to brokers or choose to trade crypto in unsafe unregulated exchanges offshore. One Trading solves for both fees and safety: now, eligible retail investors in the EU can trade crypto perpetual futures.

    “That’s a major step towards expanding access to advanced trading tools — giving individuals the same quality of execution and protection as institutions. Our mission is to build the most accessible, regulated and efficient derivatives venue in the world. This launch brings us one step closer.”

    About One Trading:

    One Trading is a European trading platform headquartered in the Netherlands and the first perpetual futures trading venue in the EU. The company is committed to providing a secure, fast, and scalable platform for trading crypto-assets and derivatives. With a focus on innovation and regulatory compliance, One Trading aims to set new standards in the industry and offer unparalleled services to its customers. For more information, click here.

    Media Contacts   

    Eterna Partners for One Trading

    eternapartners@onetrading.com    
    +447762943498

    press@onetrading.com
    +447795433650

    The MIL Network –

  • MIL-OSI Russia: China and Russia: Friendship between the two states begins with friendship between peoples

    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

    Recently, Chinese President Xi Jinping paid a state visit to Russia. Both sides reaffirmed their commitment to further deepening the comprehensive partnership and strategic cooperation in the new era. It is especially important to hear such statements in the era of global instability. Russian-Chinese relations are not just diplomacy and economics, but also a history of sincere friendship, respect and mutual understanding. Having lived in China for more than five years, I realized that true friendship between countries begins with friendship between people.

    Connecting Peoples – Beyond Economics and Trade

    To truly understand another culture, information from books, travel or news is not enough, you need to experience it from the inside, through work, study and communication. For more than five years, China was my home, a place where I learned Chinese, gained valuable professional experience and made friends with whom I still maintain warm ties. China became a part of my identity: I learned to think more broadly, to see the world through the eyes of others and to appreciate differences. Over the years, I have seen that the relationship between China and Russia is not limited to economics and trade, they are connected by many human stories like mine.

    The Language That Changed Lives

    My first encounter with China was in 2006, when I visited Beijing on a tourist trip. Even then, it felt like the country was on the verge of big changes, although high-speed trains and large-scale international projects were still to come. When I returned to China in 2009 to study Chinese, I had no idea how important this choice would become. Chinese became for me not just a communication tool, but also a bridge between cultures and a powerful asset.

    The work that opened up a whole world

    Later, I got a job at a Chinese media outlet in Beijing, where I contributed to stories for overseas audiences. We covered Chinese innovations in agriculture, infrastructure development, poverty eradication, and the preservation of intangible cultural heritage. It was an invaluable experience: I saw China from different sides, not only through official data, but also through people’s stories, dreams, and aspirations. Each article became a new step toward mutual understanding.

    Personal connections as a path to understanding

    Every day, living and working in China, I admired the hard work of the Chinese people, their willingness to learn and develop. I saw how cities were changing rapidly, innovations were being introduced, and Chinese technologies were spreading around the world. This progress was impressive, but even more impressive was the human warmth. My friends and colleagues were interested in asking about Russia and sharing their stories. We exchanged experiences and views – it is these personal connections that, as I now understand, create a solid foundation for international relations.

    Respect as the basis of trust

    It was especially valuable to feel the respectful attitude towards Russia on the part of the Chinese. In contrast to the criticism that can often be heard in the West, in China I encountered genuine interest in Russia and admiration for Russian culture. This strengthened my confidence in the future partnership of our countries. It seems to me that it is respect, openness and trust that become the foundation of strong relations between states, starting from the level of ordinary people.

    The Future in Dialogue: Language, Science, Culture

    Today, Russian-Chinese relations go beyond traditional trade and economic cooperation, embracing science, education, and culture. Educational projects, scientific research, and academic exchanges play a special role. More and more young people are learning each other’s languages, which opens up new horizons and builds trust. Cultural exchanges – festivals, exhibitions, theater productions, film screenings – help to understand mentalities, strengthen interest and mutual sympathy. Art is becoming a universal language that overcomes barriers.

    Strength lies in shared values

    I have always been touched by the similarity of our cultural values: respect for elders, high value of education, hospitality. These common foundations, as I have understood from personal experience, are truly a strong foundation for the friendship of our peoples and countries.

    Conclusion: Looking to the Future

    Watching the development of Chinese-Russian relations today, I feel joy. For me, this is not just the history of two states, it is also the history of two peoples who want to understand and respect each other. I believe that we still have many joint steps ahead, each of which begins with dialogue, mutual interest and trust.

    Author: Anna Buyanova

    MIL OSI Russia News –

  • MIL-OSI: Diversified Energy Reports Strong First Quarter 2025 Results Driven by Increased Top-Line Revenue Generation and Operational Discipline

    Source: GlobeNewswire (MIL-OSI)

    Maintaining Momentum into Second Quarter 2025 and Remain on Track to Achieve Full Year 2025 Guidance

    Closed Maverick Acquisition Continuing to Execute our Strategy as the PDP Champion

    Returned Over $59 million to Shareholders Through Dividends and Repurchases Year to Date

    BIRMINGHAM, Ala., May 12, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is pleased to announce the following operations and trading update for the quarter ended March 31, 2025.

    **Consolidated operational & financial results for the quarter include only two weeks of Maverick Natural Resources (“Maverick”) contribution**

    Executing Strategic Objectives

    • Closed transformational and accretive acquisition of Maverick Natural Resources
      • Approximately doubling revenues and free cash flow
    • Strengthened balance sheet and increased liquidity
      • Credit facility borrowing base of $900 million with $451 million of current undrawn capacity and unrestricted cash; current leverage ratio of ~2.7x
    • Retired $51 million of debt principal through amortizing debt payments during Q1 2025
    • Returned over $59 million year-to-date to shareholders through dividends and share repurchases(a)
      • Declared 1Q25 dividend of $0.29 per share
      • Repurchased ~1.5 million shares year-to-date in 2025, representing ~$19 million of share buybacks(a)
    • Advantageously added natural gas hedge volumes in 2026 through 2029 during recent strength in forward curve
    • On track to exceed $40 million in targeted land sales during the first half of 2025
    • Realized additional Coal Mine Methane (CMM) alternative energy credits with acquired assets from Summit Natural Resources
    • Next LvL Energy collaborated with the State of West Virginia regulatory agencies to modernize well retirement procedures using a method that is environmentally sound, safe, and cost-effective

    Maverick Integration

    • Full field level integration anticipated by the end of the second quarter with technology, and administrative integration anticipated by the end of the third quarter 2025
    • On track to exceed the annualized synergy target of over $50 million
      • High-graded staffing and reduced redundancies to capture efficiencies and cost savings
      • Contract savings providing impacts in compression and chemicals

    Delivering Reliable Results

    • March 2025 exit rate of 1,149 MMcfepd (192 Mboepd)(b)
      • Recorded average 1Q25 production of 864 MMcfepd (144 Mboepd)
    • Total Revenue, inclusive of settled hedges, of $295 million
    • Operating Cash Flow of $132 million, and Net loss of $337 million, inclusive of non-cash unsettled derivative adjustments
    • Achieved 1Q25 Adjusted EBITDA(c) of $138 million and Free Cash Flow(d) of $62 million
    • Realized 47% 1Q25 Adjusted EBITDA Margin(c)
      • 1Q25 Total Revenue, Inclusive of Settled Hedges per Unit(e) of $3.78/Mcfe ($22.68/Boe)
      • 1Q25 Adjusted Operating Cost per Unit(f) of $2.00/Mcfe ($12.01/Boe)
    • Published the 5th annual Sustainability Report, “Winning Through Collaboration”

    Rusty Hutson, Jr., CEO of Diversified, commented:

    “Diversified is off to a great start in 2025, demonstrating the resilience of our business model in an otherwise volatile business environment while advancing our long-term strategy with the transformational acquisition of Maverick Natural Resources. Despite the broader macroeconomic and geopolitical challenges, we delivered solid operational results and continued growth in free cash flow.

    We remain committed to effectively allocating capital. Thus far this year, Diversified has returned over $59 million to our shareholders through dividends and share repurchases, while we continue to deleverage naturally from principal paydowns of our debt. We believe our shares remain a compelling investment at current levels, and we will continue to take advantage of the current cycle and market dislocation to opportunistically repurchase shares.

    At the same time, we have strategically invested in growing our business with our Maverick acquisition. We are highly focused on integration across all operations and functions of the organization, using the disciplined and methodical playbook we have historically executed to drive synergies and cost-saving initiatives that should provide margin expansion over time. We fully expect to exceed our annualized synergy target of $50 million.

    Despite the current uncertain environment, the Diversified team, with our ONE DEC culture, continues to perform at a high level. Diversified has a proven track record of managing through challenging markets. I am confident that with our highly strategic initiatives, we will capitalize on opportunities and emerge from the current market as an even stronger company, ensuring continued growth and success.”

    Operations and Finance Update

    Production

    The Company recorded exit rate production in March 2025 of 1,149 MMcfepd (192 Mboepd)(b) and delivered 1Q25 average net daily production of 864 MMcfepd (144 Mboepd). Net daily production for the quarter continued to benefit from Diversified’s peer-leading, shallow decline profile.

    The production for the quarter reflects the contribution of only two weeks of Maverick Natural Resources, which closed March 14th, 2025.

    Margin and Total Cash Expenses per Unit

    Diversified delivered 1Q25 per unit revenues of $3.78/Mcfe ($22.68/Boe) and Adjusted EBITDA Margin(a) of 47% (55% unhedged). Notably, these per unit metrics reflect an increase in both revenues and expenses from the incorporation of greater liquids-related production of Maverick Natural Resources. The Company’s per unit expenses are anticipated to improve as the Company implements its playbook to achieve long-term, sustainable synergies and cost savings. For example, General and Administrative expenses remained relatively consistent with prior period levels, despite the higher per unit costs of Maverick, supporting our progress on cost savings and synergy capture.

      1Q25   1Q24    
      $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
    Average Realized Price(1) $ 3.78   $ 22.68     $ 3.25   $ 19.50     16 %
                       
      1Q25   1Q24    
    Adjusted Operating Cost per Unit(f) $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
    Lease Operating Expense(2) $ 0.92   $ 5.49     $ 0.65   $ 3.91     40 %
    Midstream Expense $ 0.23   $ 1.40     $ 0.27   $ 1.61     (13 )%
    Gathering and Transportation $ 0.34   $ 2.06     $ 0.31   $ 1.85     11 %
    Production Taxes $ 0.21   $ 1.27     $ 0.12   $ 0.74     72 %
    Total Operating Expense(2) $ 1.70   $ 10.22     $ 1.35   $ 8.11     26 %
    Employees, Administrative Costs and Professional Fees(g) $ 0.30   $ 1.79     $ 0.33   $ 1.98     (10 )%
    Adjusted Operating Cost per Unit(f)(2) $ 2.00   $ 12.01     $ 1.68   $ 10.09     19 %
    Adjusted EBITDA Margin(a)   47 %     49 %    

    (1) 1Q25 excludes $0.04/Mcfe ($0.24/Boe) and 1Q24 excludes $0.05/Mcfe ($0.36/Boe) of other revenues generated by Next LVL Energy.
    (2) 1Q25 excludes $0.03/Mcfe ($0.22/Boe) and 1Q24 excludes $0.07/Mcfe ($0.39/Boe) of expenses attributable to Next LVL Energy.
    Values may not sum due to rounding.

    Opportunistic Layering of Additional Hedges at Premium Contract Prices

    Diversified has strategically taken advantage of the recent strength of the natural gas price curve to add to the Company’s 2026-2029 hedge portfolio and layering additional NYMEX volumes at an average floor price of ~$3.68/MMBtu, which is reflected in the financial derivatives positions as of April 30, 2025.

    Environmental Update

    Asset Retirement Progress and Next LVL Energy Update

    Next LvL Energy partnered with the State of West Virginia regulatory agencies to implement advanced testing protocols and improved technology to help modernize and upgrade well retirement procedures. Through the combined efforts of real-world situation testing and oversight, the State of West Virginia has enacted new asset retirement regulations, with the resulting framework achieving an environmentally sound, safe, and cost-effective methodology.

    Through the end of the first quarter, the Company has retired a combined 76 wells consisting of operated assets, state well retirements, and contracted retirement activity for third-party operators. Diversified is well-positioned to meet or exceed its retirement goal of 200 wells per year, with 57 operated wells retired as of March 31, 2025. The Company continues to drive stakeholder value via the realization of contractual partnerships to retire assets that eliminate orphaned or abandoned wells in our region and provide revenue to offset the cash costs associated with the retirement of Diversified’s wells.

    Combined Company 2025 Outlook

    The Company is reiterating its previously announced Full Year 2025 guidance. Following the recently completed acquisition of Maverick, Diversified expects to realize significant operational synergies associated with a larger, consolidated position in Oklahoma and the ability to improve the overall cost structure of the Maverick assets while continuing to prioritize returns and Free Cash Flow generation.

    The following outlook incorporates a nine-month contribution from the recently acquired Maverick assets.

      2025 Guidance
    Total Production (Mmcfe/d) 1,050 to 1,100
    % Liquids ~25%
    % Natural Gas ~75%
    Total Capital Expenditures (millions) $165 to $185
    Adj. EBITDA(1)(millions) $825 to $875
    Adj. Free Cash Flow(1)(millions) ~$420
    Leverage Target 2.0x to 2.5x
    Combined Company Synergies (millions) >$50

    (1) Includes the value of anticipated cash proceeds for 2025 land sales.

    Conference Call Details

    The Company will host a conference call today, Monday, May 12, 2025, at 1:00 PM GMT (8:00 AM EDT) to discuss the 1Q25 Trading Statement and will make an audio replay of the event available shortly thereafter.

    Footnotes:

    (a) Includes the total value of dividends paid and declared, and share repurchases (including Employee Benefit Trust) year-to-date, through May 12, 2025.
    (b) Exit rate includes full month of March 2025 production from Maverick.
    (c) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; Adjusted EBITDA Margin represents Adjusted EBITDA as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $3 million in 1Q25 and $3 million in 1Q24, and Lease Operating Expense of $3 million in 1Q25 and $4 million in 1Q24 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy; For more information, please refer to the Non-IFRS reconciliations as set out below.
    (d) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; For more information, please refer to the Non-IFRS reconciliations as set out below.
    (e) Includes the impact of derivatives settled in cash; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (f) Adjusted Operating Cost represent total lease operating costs plus recurring administrative costs. Total lease operating costs include base lease operating expense, owned gathering and compression (midstream) expense, third-party gathering and transportation expense, and production taxes. Recurring administrative expenses (Adjusted G&A) is a Non-IFRS financial measure defined as total administrative expenses excluding non-recurring acquisition & integration costs and non-cash equity compensation; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (g) As used herein, employees, administrative costs and professional services represent total administrative expenses excluding cost associated with acquisitions, other adjusting costs and non-cash expenses. We use employees, administrative costs and professional services because this measure excludes items that affect the comparability of results or that are not indicative of trends in the ongoing business.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission and available on the Company’s website.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Forward-Looking Statements

    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations, business and outlook of the Company and its wholly owned subsidiaries (the “Group”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve”, “guidance” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, the Company’s ability to successfully integrate acquisitions, including the acquired Maverick assets, changes in the political, social and regulatory framework, including inflation and changes resulting from actual or anticipated tariffs and trade policies, in which the Company or the Group operate or in economic or technological trends or conditions. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, Including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission.

    Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement, may not occur. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance of the Company cannot be relied on as a guide to future performance. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems.

    Adjusted EBITDA

    As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation and amortization. Adjusted EBITDA includes adjusting for items that are not comparable period-over-period, namely, finance costs, accretion of asset retirement obligation, other (income) expense, loss on joint and working interest owners receivable, gain on bargain purchases, (gain) loss on fair value adjustments of unsettled financial instruments, (gain) loss on natural gas and oil property and equipment, costs associated with acquisitions, other adjusting costs, loss on early retirement of debt, non-cash equity compensation, (gain) loss on foreign currency hedge, net (gain) loss on interest rate swaps and items of a similar nature.

    Adjusted EBITDA should not be considered in isolation or as a substitute for operating profit or loss, net income or loss, or cash flows provided by operating, investing, and financing activities. However, we believe such a measure is useful to an investor in evaluating our financial performance because it (1) is widely used by investors in the natural gas and oil industry as an indicator of underlying business performance; (2) helps investors to more meaningfully evaluate and compare the results of our operations from period to period by removing the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement; (3) is used in the calculation of a key metric in one of the financial covenants under our revolving credit facility; and (4) is used by us as a performance measure in determining executive compensation. When evaluating this measure, we believe investors also commonly find it useful to evaluate this metric as a percentage of our total revenue, inclusive of settled hedges, producing what we refer to as our adjusted EBITDA margin.

    The following table presents a reconciliation of the IFRS Financial measure of Net Income (Loss) to Adjusted EBITDA for each of the periods listed:

      Three Months Ended
    Amounts in 000’s March 31, 2025 March 31, 2024 December 31, 2024
    Net income (loss) $ (337,391 ) $ (15,145 ) $ (102,033 )
    Finance costs   42,820     27,416     37,453  
    Accretion of asset retirement obligation   10,353     7,183     8,323  
    Other (income) expense   (644 )   (5 )   (295 )
    Income tax (benefit) expense   66,790     5,633     (125,052 )
    Depreciation, depletion and amortisation   70,807     57,015     73,960  
    (Gain) loss on fair value adjustments of unsettled financial instruments   235,070     13,552     202,124  
    (Gain) loss on natural gas and oil property and equipment(1)   236     4     14,330  
    (Gain) loss on sale of equity interest   —     —     7,375  
    Unrealized (gain) loss on investment   —     —     6,446  
    Costs associated with acquisitions   2,885     1,519     4,532  
    Other adjusting costs(2)   5,963     3,693     7,644  
    Loss on early retirement of debt   39,485     —     2,469  
    Non-cash equity compensation   1,825     1,268     2,258  
    (Gain) loss on interest rate swap   (35 )   (50 )   (41 )
    Total Adjustments $ 475,555   $ 117,228   $ 241,526  
    Adjusted EBITDA(c) $ 138,164   $ 102,083   $ 139,493  
    TTM Adjusted EBITDA $ 508,390   $ 497,510   $ 472,309  
    Pro Forma TTM Adjusted EBITDA(3) $ 952,216   $ 497,510   $ 548,570  

    (1) Excludes $2 million, $2 million and $8 million in cash proceeds received for leasehold sales during the three months ended March 31, 2025, March 31, 2024 and December 31, 2024, respectively.
    (2) Other adjusting costs for the three months ended December 31, 2024 were primarily associated with legal fees for certain litigation.
    (3) Pro forma TTM adjusted EBITDA includes adjustments for respective periods to pro forma results for the full twelve-month impact of intra-period acquisitions (March 31, 2025: Oaktree, Crescent Pass, East Texas II, Summit and Maverick; December 31, 2024: Oaktree, Crescent Pass Energy and East Texas II).

    Net Debt and Net Debt-to-Adjusted EBITDA

    As used herein, net debt represents total debt as recognized on the balance sheet less cash and restricted cash. Total debt includes our borrowings under our revolving credit facility and our borrowings under or issuances of, as applicable, our subsidiaries’ securitization facilities, excluding original issuance discounts and deferred finance costs. We believe net debt is a useful indicator of our leverage and capital structure.

    As used herein, net debt-to-adjusted EBITDA, or “leverage” or “leverage ratio,” is measured as net debt divided by adjusted trailing twelve-month EBITDA. We believe that this metric is a key measure of our financial liquidity and flexibility and is used in the calculation of a key metric in one of the financial covenants under our revolving credit facility.

    The following table presents a reconciliation of the IFRS Financial measure of Total Non-Current Borrowings to the Non-IFRS measure of Net Debt and a calculation of Net Debt-to-Adjusted EBITDA and Net Debt-to-Pro Forma Adjusted EBITDA for each of the periods listed:

      As of
    Amounts in 000’s March 31, 2025 March 31, 2024 December 31, 2024
    Total non-current borrowings, net $ 2,544,937   $ 1,066,643   $ 1,483,779  
    Current portion of long-term debt   156,253     184,463     209,463  
    LESS: Cash   (32,641 )   (3,456 )   (5,990 )
    LESS: Restricted cash   (106,011 )   (32,828 )   (46,269 )
    Net Debt $ 2,562,538   $ 1,214,822   $ 1,640,983  
    Pro forma TTM adjusted EBITDA(1) $ 952,216   $ 497,510   $ 548,570  
    Net debt-to-pro forma TTM adjusted EBITDA 2.7x 2.4x 3.0x

    (1) Pro forma TTM adjusted EBITDA includes adjustments for respective periods to pro forma results for the full twelve-month impact of intra-period acquisitions (March 31, 2025: Oaktree, Crescent Pass, East Texas II, Summit and Maverick; December 31, 2024: Oaktree, Crescent Pass Energy and East Texas II).

    Free Cash Flow

    As used herein, free cash flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest. We believe that free cash flow is a useful indicator of our ability to generate cash that is available for activities other than capital expenditures. The Directors believe that free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments, and pay dividends.

    The following table presents a reconciliation of the IFRS Financial measure of Net Cash from Operating Activities to the Non-IFRS measure of Free Cash Flow for each of the periods listed:

    Amounts in 000’s
    Except per share amounts
    		 Three Months Ended Three Months Ended Twelve Months Ended
    March 31, 2025 March 31, 2024 March 31, 2025
    Net cash provided by operating activities $ 131,539   $ 106,258   $ 370,944  
    LESS: Expenditures on natural gas and oil properties and equipment   (28,031 )   (9,293 )   (70,838 )
    LESS: Cash paid for interest   (41,574 )   (23,759 )   (140,956 )
    Free Cash Flow(d) $ 61,934   $ 73,206   $ 159,150  


    Total Revenue, Inclusive of Settled Hedges and Adjusted EBITDA Margin

    As used herein, total revenue, inclusive of settled hedges, includes the impact of derivatives settled in cash. We believe that total revenue, inclusive of settled hedges, is a useful measure because it enables investors to discern our realized revenue after adjusting for the settlement of derivative contracts.

    The following table presents a reconciliation of the IFRS Financial measure of Total Revenue to the Non-IFRS measure of Total Revenue, Inclusive of Settled Hedges and a calculation of Adjusted EBITDA Margin for each of the periods listed:

    Amounts in 000’s
    		 Three Months Ended Three Months Ended Year Ended
    March 31, 2025 March 31, 2024 December 31, 2024
    Total revenue 346,903   193,624   794,841  
    Net gain (loss) on commodity derivative instruments(1) (52,271 ) 22,066   151,289  
    Total revenue, inclusive of settled hedges(c) 294,632   215,690   946,130  
    Adjusted EBITDA(c) 138,164   102,083   472,309  
    Adjusted EBITDA Margin(c) 47 % 47 % 50 %
    Adjusted EBITDA Margin, exclusive of Next LVL Energy(2) 47 % 49 % 51 %

    (1) Net gain (loss) on commodity derivative settlements represents cash (paid) or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.
    (2) For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $3 million in 1Q25 and $3 million in 1Q24, and Lease Operating Expense of $3 million in 1Q25 and $4 million in 1Q24 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy.

    The MIL Network –

  • MIL-OSI Russia: Negotiations with the American side were frank, in-depth and constructive – Vice Premier of the State Council of China

    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

    GENEVA, May 12 (Xinhua) — Chinese Vice Premier He Lifeng said Sunday that the high-level China-U.S. talks on economic and trade issues held here were frank, in-depth and constructive.

    He Lifeng, the coordinator for China-US economic and trade relations on the Chinese side, made the statement at a press briefing following a meeting with US representatives.

    According to him, the parties reached a number of important consensuses and also agreed to create a mechanism for trade and economic consultations.

    He Lifeng noted that China and the United States will finalize the relevant details as soon as possible and release a joint statement agreed upon during the talks on Monday.

    He stressed that, given the current situation, this meeting attracted the close attention of the international community.

    According to the Vice Premier of the State Council of the People’s Republic of China, thanks to the joint efforts of both sides, the talks were very productive, which was an important step towards resolving differences through equal dialogue and consultation, and created conditions for further overcoming differences and deepening cooperation.

    Trade and economic relations between China and the United States are not only important for the two countries, but also have a significant impact on the stability and development of the global economy, he noted.

    China is willing to work with the United States to implement the consensus reached by the two leaders during their phone conversation on January 17, He Lifeng added.

    He also called on both sides to take a pragmatic approach to solving problems, conduct frank dialogue and consultation on an equal footing, effectively manage differences, unleash the potential of cooperation and make the cooperation “pie” even bigger, so as to promote new development of China-US economic and trade relations and bring more certainty and stability to the world economy. –0–

    MIL OSI Russia News –

  • India and UAE deepen cybersecurity collaboration at GISEC Global 2025

    Source: Government of India

    Source: Government of India (4)

    The Data Security Council of India (DSCI) hosted the second edition of the Indo-UAE Cybersecurity Exchange in Dubai, reinforcing bilateral cooperation in the digital security domain. Organized in partnership with CIO Klub, the event took place alongside GISEC Global 2025 at the Dubai World Trade Centre and brought together key figures from the cybersecurity and technology sectors of both countries.

    The India Pavilion at GISEC, established by DSCI, featured over 15 Indian companies presenting advanced solutions in threat intelligence, data privacy, application security, Security Operations Centers, and quantum technologies. The initiative aimed to foster linkages and partnerships among solution providers, user organizations, and innovators from the Indian cybersecurity ecosystem and their counterparts in the UAE.

    B.G. Krishnan, Consul (Economic, Trade, Commerce & Education) at the Consulate General of India in Dubai, underlined the urgency of global cybersecurity challenges. “The world is at a critical juncture from cybersecurity, privacy, and critical technology perspectives,” he noted. “Rapidly evolving threats, technological advancements, and geopolitical tensions are reshaping the global and national landscapes, impacting businesses, society, and critical sectors.”

    Atul Kumar, Director of DSCI, highlighted the strategic importance of Indo-UAE cooperation in the digital space. “As India and the United Arab Emirates strengthen their strategic partnership, cybersecurity has emerged as a critical area for collaboration,” he said. “With both nations digitizing rapidly and depending heavily on secure digital infrastructure, there is significant scope to jointly nurture resilient cybersecurity ecosystems.”

    The exchange served as a platform for discussions on cyber resilience, leadership development, and technology innovation. DSCI reaffirmed its commitment to continued engagement with UAE stakeholders, aiming to advance cybersecurity cooperation in the face of increasingly complex digital threats.India’s dynamic presence and its growing engagement with regional cybersecurity ecosystems at GISEC Global 2025 reaffirm its role as a key contributor in shaping the future of global cyber resilience. The three day GISEC 2025 will conclude on may 8th.

  • MIL-OSI: Prosafe SE: Safe Notos Declared Winner in Petrobras Tender

    Source: GlobeNewswire (MIL-OSI)

    Prosafe has been declared the winner of a bidding process for a four-year contract by Petróleo Brasileiro SA (‘Petrobras’) for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. Contract award and timing are subject to a formal process during which Petrobras is under no formal obligation to conclude a contract and other bidders may appeal.

    A contract, if awarded, has a firm period commitment of four years with the operational commencement in September 2026 closely following on from the expiry of the current Safe Notos contract that commenced in Q3 2022.

    Total value of the contract is approximately USD 204 million.

    The Safe Notos is a Dynamically Positioned (DP3) semi-submersible safety and maintenance support (UMS) vessel, capable of operating in harsh environments. The Safe Notos can accommodate up to 500 persons, has extensive recreation facilities, a large crane capacity, large open deck area and a telescopic gangway.  

    Terje Askvig, CEO of Prosafe says: “The tender process with Petrobras resulted in the Safe Notos being best placed, and after a qualification and negotiation phase we are very pleased to be declared the winner. The Safe Notos is one of the best performing UMS vessels for Petrobras, consistently delivering safe and reliable operations. The contract, if awarded, demonstrates that the market is strong in Brazil, with charter rates significantly increasing from those in the recent past.

    Prosafe will continue to be the leading provider of UMS vessels in Brazil and is well positioned to increase its market share through continued best-in-market delivery, close and valued partnership with Petrobras, and having units capable of meeting all the requirements set out by both Petrobras and regulators.”

    For further information, please contact:

    Terje Askvig, CEO
    Phone: +47 952 03 886

    Reese McNeel, CFO
    Phone: +47 415 08 186

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

    The MIL Network –

  • Centre expands credit guarantee scheme for startups

    Source: Government of India

    Source: Government of India (4)

    The Centre on Friday notified an expansion of the Credit Guarantee Scheme for Startups (CGSS). The revised scheme significantly enhances guarantee coverage and reduces associated fees, in a bid to ease access to debt funding for early-stage and innovation-driven enterprises.

    The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, announced that the ceiling on guarantee cover per borrower under the CGSS has been raised from ₹10 crore to ₹20 crore. Simultaneously, the extent of guarantee coverage has been revised to 85% of the amount in default for loan amounts up to ₹10 crore and 75% for amounts exceeding that limit.

    The scheme also offers a reduced Annual Guarantee Fee (AGF) for startups operating within 27 identified Champion Sectors. The AGF for these sectors has been halved from 2% per annum to 1%, in a move designed to encourage innovation in areas critical to India’s manufacturing and services ambitions under the ‘Make in India’ initiative. These Champion Sectors were earlier recognised by the Government to help accelerate industrial self-reliance and technological advancement.

    “The expanded scheme will further reduce the perceived risks associated with lending to startups in established financial institutions, enabling greater financial flow and runway for startups to undertake research and development, experimentation, and create cutting-edge innovation and technologies,” the DPIIT said in a statement.

    The CGSS expansion is in line with the broader vision of Prime Minister Narendra Modi to transform India into a self-reliant, innovation-led economy. The Government anticipates that the increased guarantee cover and enhanced risk-sharing mechanism will incentivise more financial institutions to extend debt support to startups. This, in turn, is expected to increase the overall volume of startup financing in the country.

    The CGSS was first notified on October 6, 2022, following the launch of the Startup India initiative by the Prime Minister on January 16, 2016. The scheme provides guarantee coverage against credit instruments offered to eligible startups by Scheduled Commercial Banks, All India Financial Institutions (AIFIs), Non-Banking Financial Companies (NBFCs), and SEBI-registered Alternative Investment Funds (AIFs). The primary aim is to make collateral-free debt funding more accessible through instruments such as working capital, term loans, and venture debt.

    The DPIIT noted that several operational reforms and enabling measures, developed in consultation with stakeholders from the startup ecosystem, have also been incorporated in the updated CGSS framework. These additions are intended to make the scheme more appealing both to lenders and to startups seeking financial support.

    The announcement follows proposals made in the Union Budget 2025–26, which called for enhanced credit availability with a broader guarantee cover as part of the Government’s efforts to deepen the startup ecosystem. With the latest revisions, the Government hopes to position CGSS as a key pillar in building a “Viksit Bharat” — a developed India rooted in innovation and economic inclusion.

  • Traders vow to keep goods flowing amid tensions with Pakistan

    Source: Government of India

    Source: Government of India (4)

    The Confederation of All India Traders (CAIT), representing over 90 million traders across the country, on Friday expressed unwavering support for the Indian government and armed forces amid the ongoing tensions with Pakistan.

    Praveen Khandelwal, CAIT Secretary General and Member of Parliament from Delhi’s Chandni Chowk, stated, “Just as our brave soldiers are guarding the borders, the traders of the nation are committed to acting as soldiers on the economic front, ensuring an uninterrupted supply chain under all circumstances.”

    He lauded the Indian armed forces for responding to Pakistan’s “nefarious actions” with “exemplary courage and strength,” calling it a matter of national pride. Describing the current scenario as akin to a state of war, Khandelwal said every citizen is standing in full solidarity with the government to ensure that Pakistan receives a “strong and lasting lesson.”

    Khandelwal also clarified that there is no shortage of foodgrains or essential commodities in the country. “All goods are abundantly available in the markets, and the government has sufficient reserves. Citizens should not resort to hoarding or panic buying,” he said. He assured that traders would, as they did during the COVID-19 pandemic, maintain the supply chain and, if necessary, ensure doorstep delivery of essential items.

    He further pledged that CAIT traders would strictly follow all government advisories and would not allow panic, misinformation, or unrest to spread under any circumstances.

    Appealing to the trader community, Khandelwal said patriotism is not just an emotion but also a practice rooted in discipline, patience, and faith in the nation’s leadership. “Authorities are closely monitoring the situation and taking all necessary steps. At such a time, the trading community must act in an organised and responsible manner in the national interest,” he said.

    CAIT also urged traders to refrain from making any independent market-related decisions and to wait for official guidance. “This is the time to demonstrate unity, prudence, and patriotic commitment,” Khandelwal said.

    “Devotion to the motherland is not just an emotion—it is a responsibility. And this responsibility will be fulfilled with full discipline and dedication by over 90 million traders across the country,” he added.

    ––IANS

  • Education Ministry approves IIFT to establish off-campus centre at GIFT Cit

    Source: Government of India

    Source: Government of India (4)

    The Indian Institute of Foreign Trade (IIFT), New Delhi, has received approval from the Ministry of Education to establish an off-campus centre at GIFT City, Gandhinagar, Gujarat. The new centre will operate in accordance with the UGC (Institutions Deemed to be Universities) Regulations, 2023, as announced by the Ministry of Commerce & Industry on Tuesday.

    The approval, granted under Section 3 of the UGC Act, 1956, comes after IIFT successfully met the conditions outlined in the Letter of Intent (LoI) issued in January. These conditions included submission of a comprehensive development roadmap to build a multidisciplinary institution with over 1,000 students, appointment of qualified faculty, introduction of detailed academic programmes, plans for a permanent campus, and the establishment of a state-of-the-art library.

    Union Minister of Commerce & Industry, Piyush Goyal, congratulated IIFT on the approval, stating:

    “Heartiest congratulations to @IIFT_Official on getting approval to open its new off-campus centre in @GIFTCity_, India’s global financial hub. This paves the way for training talent in the institute’s flagship programme, MBA (International Business), besides short-term training programmes and research in the area of International Trade.”

    The upcoming centre will be located on the 16th and 17th floors of GIFT Tower 2 and will offer IIFT’s flagship MBA (International Business) programme, along with specialised short-term courses and research opportunities in international trade and related domains.

    Established in 1963 under the Ministry of Commerce & Industry, IIFT was declared a deemed-to-be University in 2002. The institute holds an A+ grade from NAAC and is accredited by AACSB, placing it among a select group of globally recognised business schools.

  • Education Ministry approves IIFT to establish off-campus centre at GIFT City

    Source: Government of India

    Source: Government of India (4)

    The Indian Institute of Foreign Trade (IIFT), New Delhi, has received approval from the Ministry of Education to establish an off-campus centre at GIFT City, Gandhinagar, Gujarat. The new centre will operate in accordance with the UGC (Institutions Deemed to be Universities) Regulations, 2023, as announced by the Ministry of Commerce & Industry on Tuesday.

    The approval, granted under Section 3 of the UGC Act, 1956, comes after IIFT successfully met the conditions outlined in the Letter of Intent (LoI) issued in January. These conditions included submission of a comprehensive development roadmap to build a multidisciplinary institution with over 1,000 students, appointment of qualified faculty, introduction of detailed academic programmes, plans for a permanent campus, and the establishment of a state-of-the-art library.

    Union Minister of Commerce & Industry, Piyush Goyal, congratulated IIFT on the approval, stating:

    “Heartiest congratulations to @IIFT_Official on getting approval to open its new off-campus centre in @GIFTCity_, India’s global financial hub. This paves the way for training talent in the institute’s flagship programme, MBA (International Business), besides short-term training programmes and research in the area of International Trade.”

    The upcoming centre will be located on the 16th and 17th floors of GIFT Tower 2 and will offer IIFT’s flagship MBA (International Business) programme, along with specialised short-term courses and research opportunities in international trade and related domains.

    Established in 1963 under the Ministry of Commerce & Industry, IIFT was declared a deemed-to-be University in 2002. The institute holds an A+ grade from NAAC and is accredited by AACSB, placing it among a select group of globally recognised business schools.

  • India–New Zealand Free Trade Agreement: First round of negotiations concludes in New Delhi

    Source: Government of India

    Source: Government of India (4)

    The first round of negotiations for the India–New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in the national capital. The talks, held from May 5 to May 9, represent a significant milestone in the growing economic relations between the two nations.

    The initiative builds on the visit of New Zealand Prime Minister Christopher Luxon to India in March 2025, where he and Prime Minister Narendra Modi discussed expanding economic cooperation. The FTA was formally launched during a meeting on 16 March 2025, between Piyush Goyal, India’s Minister of Commerce and Industry, and Todd McClay, New Zealand’s Minister for Trade and Investment.

    Groundwork and Key Areas of Negotiation

    Prior to the in-person talks, both countries held a series of virtual discussions to lay the groundwork for the negotiations. The first round of face-to-face talks covered a wide range of crucial areas, including Trade in Goods and Services, Trade Facilitation, and mutually beneficial sectors of economic cooperation. These constructive discussions underline the strategic importance both nations place on creating a balanced, fair, and mutually advantageous trade agreement.

    The two sides focused on creating a framework that will not only boost trade but also address the changing global economic landscape. The FTA negotiations are designed to foster a more robust and predictable trading environment, enhancing economic cooperation and fostering deeper ties between the two nations.

    Bilateral Trade Growth and FTA Expectations

    The bilateral trade relationship between India and New Zealand has witnessed a remarkable growth trajectory in recent years. Merchandise trade between the countries reached an impressive USD 1.3 billion in the financial year 2024–25, marking a strong year-on-year growth of 48.6%. This surge in trade underscores the growing potential of the India-New Zealand economic partnership.

    The FTA is expected to further elevate this partnership by improving supply chain integration, reducing trade barriers, and enhancing business opportunities on both sides. It will provide a solid framework for fostering cross-border investment, creating new avenues for businesses, and aligning trade policies with global aspirations.

    Looking Ahead

    Both countries have reaffirmed their mutual understanding and commitment to working towards a future-ready framework and aim to conclude the FTA by the end of this year. The second round of negotiations will take place in July 2025, with both sides aiming to build on the progress made in the first round.

    India’s growing network of trade agreements, including this one with New Zealand, reflects its steadfast commitment to enhancing economic partnerships in line with its national priorities. As the global trade landscape evolves, this FTA holds the potential to be a transformative agreement, positioning both nations for greater economic success in the years to come.

     

     

  • Union Minister Jyotiraditya Scindia inaugurates Bharat Telecom 2025, emphasizes India’s global export potential

    Source: Government of India (4)

    Union Minister of Communications and Development of North Eastern Region, Jyotiraditya M. Scindia, inaugurated Bharat Telecom 2025 in New Delhi on Tuesday, highlighting India’s rising profile as a global hub for telecom manufacturing, services, and exports.

    Organised by the Telecom Equipment and Services Export Promotion Council (TEPC) in collaboration with the Department of Telecommunications (DoT), the two-day event aims to showcase India’s capabilities in telecom equipment and next-generation digital technologies. The event also features an exclusive International Business Expo, with participation from over 130 foreign delegates representing more than 35 countries.

    Speaking at the inauguration, Scindia described Bharat Telecom as “a declaration of India’s intent to shape the future of global connectivity through innovation, collaboration, and inclusive growth.”

    He underlined India’s recent achievements in telecom infrastructure, noting that 99% of villages have been connected with 5G and 82% of the population is now on the network. “In just 22 months, we deployed 4.7 lakh telecom towers. This is not evolution—it is a telecom revolution,” he said. He added that the telecom sector now functions as a foundational layer for healthcare, education, governance, and economic empowerment.

    Scindia also credited India’s rapid digital transformation to the leadership of Prime Minister Narendra Modi, stating, “We have moved from being digital followers to becoming global digital leaders.”

    Minister of State for Communications, Dr. Pemmasani Chandra Sekhar, who was also present at the event, echoed similar sentiments. “India is no longer just a participant in global discussions—it is defining them. We have transitioned from being a consumer to a creator of world-class telecom solutions,” he said.

    Dr. Sekhar attributed this shift to the Digital India initiative and supportive government policies, including production-linked incentive schemes, spectrum reforms, and the Telecom Technology Development Fund. He noted that India now plays a growing role in global supply chains, producing about 15% of the world’s iPhones, and outlined future ambitions in 6G, satellite broadband, and quantum communication.

    Arnob Roy, Chairman of TEPC, welcomed delegates and emphasized India’s emergence as a reliable destination for telecom exports. “Bharat Telecom showcases the transformative power of India’s indigenous telecom ecosystem,” he said, inviting international stakeholders to explore innovations on display.

  • Sensex, Nifty end higher post ‘Operation Sindoor’

    Source: Government of India

    Source: Government of India (4)

    Despite high volatility during the trading session on Wednesday, Indian stock markets managed to close in the green.

    The Sensex erased all the early losses and closed with a gain of 105 points, or 0.13 per cent at 80,746.

    Similarly, the Nifty closed the intra-day trading session with a 0.14 per cent gain at 24,414, reclaiming the crucial 24,400 mark.

    “Regarding Nifty, the highest open interest on the call side is concentrated at the 24,500 and 24,400 strike prices, while the highest open interest on the put side is seen at 24,300 and 24,400,” said Sundar Kewat of Ashika Institutional Equity.

    The Put-Call Ratio (PCR) stands at 0.98, indicating a relatively balanced market sentiment, he added.

    The markets opened on a weak note, with early losses triggered by uncertainty in the region. However, confidence returned as the day progressed.

    The recovery came as easing global trade tensions, the finalisation of a free trade agreement (FTA) with the United Kingdom, and strong foreign inflows helped offset concerns stemming from rising geopolitical tensions between India and Pakistan.

    Support from key sectors such as auto, real estate, and metals helped the indices recover, turning the mood positive by mid-session.

    Tata Motors led the rally on the Sensex with a strong 5.2 per cent jump, followed by Bajaj Finance, which gained 2.02 per cent.

    Eicher Motors rose 1.41 per cent, matching the gains of Adani Ports, while Titan added 1.27 per cent.

    The other notable gainers on the index include Eternal (formerly Zomato), Mahindra and Mahindra, Tata Steel and more.

    On the losing side, Asian Paints fell the most, shedding 4 per cent. Sun Pharma declined by 1.95 per cent, ITC lost 1.3 per cent, Nestle India dropped 1.06 per cent, and Reliance Industries slipped 1.01 per cent.

    Broader markets also showed strong recovery. After suffering sharp losses in the previous session, both the Nifty Midcap 100 and Nifty Smallcap indices bounced back sharply, each posting gains of around 1.5 per cent.

    Among the sectoral indices, all sectors ended in the green, except for FMCG, pharma, and healthcare.

    Leading the gains were auto, media, realty, and consumer durables, each rising over 1 per cent.

    Meanwhile, market volatility remained elevated as the India VIX — also known as the fear index — rose 3.58 per cent to end at 19.

    (IANS)

  • PM Modi and Starmer announce successful conclusion of India-UK Free Trade Agreement

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi and UK Prime Minister Keir Starmer on Tuesday announced the successful conclusion of the India–UK Free Trade Agreement, along with the Double Contribution Convention.

    The two leaders hailed the agreements as historic milestones in the Comprehensive Strategic Partnership between the two nations.

    Emphasizing the potential for fostering innovation, job creation, and sustainable growth, they agreed that the FTA would significantly boost trade and investment flows between the world’s two major open-market economies.

    PM Modi and Starmer noted that the agreement will not only strengthen economic linkages but also deepen people-to-people ties and create new avenues for collaboration.

    The FTA, which covers trade in both goods and services, is expected to enhance bilateral trade volumes, generate employment, improve living standards, and elevate the overall well-being of citizens in both countries.

    Starmer said that reducing trade barriers and building alliances with dynamic economies like India is a key part of the UK’s Plan for Change, aimed at delivering a stronger and more secure economic future.

    Both leaders reaffirmed that deepening commercial and economic ties remains a cornerstone of the evolving and robust India-UK partnership. They expressed optimism that the agreement would unlock joint opportunities for developing products and services for global markets, setting the stage for a new chapter of shared prosperity.

    PM Modi also extended an invitation to the British Prime Minister to visit India, with both leaders agreeing to stay in close touch as they advance their shared economic and strategic goals.

     

  • MIL-OSI China: China firmly supports multilateralism, free trade and WTO’s greater role: vice premier

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

    China firmly supports multilateralism, free trade and WTO’s greater role: vice premier

    GENEVA, May 12 — China will continue its support for the World Trade Organization (WTO) to work as a stabilizer of global trade and to make greater contributions in addressing global challenges, Chinese Vice Premier He Lifeng said here on Sunday.

    During his meeting with WTO Director-General Ngozi Okonjo-Iweala, He said that the multilateral trading system, with the WTO at its core, is the cornerstone of international trade and plays an important role in global economic governance.

    He urged all parties to resolve differences and disputes through dialogues on an equal footing within the WTO’s framework, to jointly uphold multilateralism and free trade, and push for the stable and smooth functioning of global industrial and supply chains.

    China will continue to participate comprehensively and deeply in the reform of the global trade body, safeguarding the legitimate rights and interests of developing members, said the Chinese vice premier.

    He, the Chinese lead person for China-U.S. economic and trade affairs, also briefed the WTO chief on the high-level China-U.S. economic and trade meeting held over the weekend in Geneva.

    Okonjo-Iweala said that the current global economic and trade growth faces severe challenges, noting that WTO members should work together to defend an open and rule-based multilateral trading system, strengthen dialogue and cooperation on international trade issues, and push for a greater WTO role in facilitating trade liberalization, improving trade efficiency, and achieving global sustainable development.

    MIL OSI China News –

  • MIL-Evening Report: As Donald Trump cuts funding to Antarctica, will the US be forced off the icy continent?

    Source: The Conversation (Au and NZ) – By Lynda Goldsworthy, Research Associate, Institute for Marine and Antarctic Studies, University of Tasmania

    Mozgova/Shutterstock

    President Donald Trump has begun eroding the United States presence in Antarctica by announcing deep funding cuts to his nation’s science and logistics on the icy continent.

    The Trump administration has significantly reduced funding for both Antarctica’s largest research and logistics station, McMurdo, and the National Science Foundation which funds US research in Antarctica.

    More cuts are foreshadowed. If carried through, US science and overall presence in Antarctica will be seriously diminished – at a time when China is significantly expanding its presence there.

    Since 1958, the US has been a leader in both Antarctic diplomacy and science. Shrinking its Antarctic presence will diminish US capacity to influence the region’s future.

    Why the US matters in Antarctica

    The US has historically focused its Antarctic influence in three key areas:

    1. Keeping Antarctica free from military conflict

    The US has built considerable Antarctic geopolitical influence since the late 1950s. Under President Dwight D. Eisenhower, it initiated (and later hosted) negotiations that led to the development of the 1959 Antarctic Treaty.

    It was also key to establishing the fundamental principles of the treaty, such as using the Antarctic region only for peaceful purposes, and prohibiting military activities and nuclear weapons testing.

    2. Governing Antarctica together

    The US was influential in developing the international legal system that governs human activities in the Antarctic region.

    In the 1970s, expanding unregulated fishing in the Southern Ocean led to serious concerns about the effects on krill-eating species – especially the recovery of severely depleted whale populations.

    The US joined other Antarctic Treaty nations to champion the Convention on the Conservation of Antarctic Marine Living Resources (CAMLR), signed in 1980. It prioritises conservation of Southern Ocean ecosystems and all species, over maximum fish harvesting.

    The US also contributed to the 1991 Protocol on Environmental Protection. Among other measures it prohibits mining and designates Antarctica as “a natural reserve, devoted to peace and science”.

    3. Scientific research and collaboration

    The US operates three year‑round Antarctic research stations: Palmer, Amundsen-Scott and McMurdo.

    McMurdo is Antarctica’s largest research station. Amundsen-Scott is located at the South Pole, the geographic centre of Antarctica, and the point at which all Antarctic territorial claims meet. The South Pole station is thus important symbolically and strategically, as well as for science.

    The US has the largest number of Antarctic scientists of any nation in the continent.

    US scientific work has been at the forefront of understanding Antarctica’s role in the global climate system, and how climate change will shape the future of the planet. It has also played a major role in Southern Ocean ecosystem and fisheries research.

    This research has underpinned important policies. For example, US input into models to predict and manage sustainable krill yields has been pivotal in regulating the krill fishery, and ensuring it doesn’t harm penguin, seal and whale populations.

    The US has also been a staunch supporter of a comprehensive network of marine protected areas in the Southern Ocean. The Ross Sea Region Marine Protected Area proposed by the US and New Zealand is the largest in the world.

    A broad ripple effect

    The US influence in Antarctica extends beyond the list above. For example, the US has a significant Antarctic-based space program. And US citizens make up most Antarctic tourists, and the US plays a significant role in regulating tourism there.

    The full extent of the Trump administration’s cuts is still to play out. But clearly, if they proceed as signalled, the cuts will be a major blow not to just US interests in Antarctica, but those of many other countries.

    The US has the best-resourced logistics network in Antarctica. Its air transport, shipping and scientific field support has traditionally been shared by other countries. New Zealand, for instance, is closely tied with the US in resupply of food and fuel, and uses US air and sea logistics for many operations to the Ross Sea region.

    And joint research programs with the US will be affected by reduced funding in Antarctica directly, and elsewhere.

    For example, reported cuts to the climate programs of NASA and the National Oceanic and Atmospheric Administration (NOAA) may hamper satellite coverage of the Antarctic and Southern Ocean. This would affect Australian scientists collecting data on ocean temperature, sea-ice state and other metrics used in climate research and weather forecasting.

    Worrying times ahead

    China has signalled its intention to be a key geopolitical player in Antarctica and has greatly expanded its Antarctic presence in recent years.

    China has five Antarctic research stations. Its sixth summer station is due for completion in 2027. China also operates two icebreaker ships, helicopters and a fixed-wing aircraft in Antarctica and is building new, large krill trawlers.

    Both China and Russia, are increasingly active in their opposition to environmental initiatives such as marine protected areas.

    A smaller US presence creates greater opportunities for others to shape Antarctica’s geopolitics. This includes pressure to erode decades-long protection of the Antarctic environment, a push for more intensive fish and krill harvesting, and potentially reopening debate on mining in the region.

    Lynda Goldsworthy and Tony Press co-authored the chapter Power at the Bottom of the World in the new book Antarctica and the Earth System.

    A smaller US presence creates opportunities for others to shape Antarctica’s geopolitics.
    Oleksandr Matsibura/Shutterstock

    Lynda Goldsworthy, research associate with IMAS, UTAS, undertakes occasional contract work with the Deep Sea Conservation, is a member of AFMA’s SouthMac advisory group ) and of CSIRO National Benefit Advisory Committee.

    Tony Press receives funding from the Australia-Japan Foundation (Department of .Foreign Affairs and Trade)

    – ref. As Donald Trump cuts funding to Antarctica, will the US be forced off the icy continent? – https://theconversation.com/as-donald-trump-cuts-funding-to-antarctica-will-the-us-be-forced-off-the-icy-continent-254786

    MIL OSI Analysis – EveningReport.nz –