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Category: Trade

  • MIL-OSI: XRP News: XenDex Raises More Than 50% of Its Presale in Just 4 Days Amid XRP SEC Lawsuit And XRP ETF Updates

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Australia, April 28, 2025 (GLOBE NEWSWIRE) — In a historic week for XRP, with Brazil approving the first XRP Spot ETF and major legal wins strengthening Ripple’s standing, XenDex is riding the wave of momentum, and it’s doing so at breakneck speed.

    In just four days, XenDex has sold over 50% of its $XDX presale allocation, far surpassing early expectations. As confidence in XRP’s future skyrockets, investors are racing to secure $XDX tokens before allocations dry up and prices move higher.

    Buy $XDX Now Before Presale Ends

    Whales, retail investors, and XRP community veterans alike are rallying around XenDex which is the first all-in-one decentralized exchange on XRPL offering AI-powered copy trading, non-custodial lending and borrowing, and cross-chain trading, all built with a sleek, intuitive interface for mass adoption.

    Apparently, the $XDX Presale is moving faster than anyone predicted

    Presale Key Details:

    • Token: $XDX
    • Exchange Rate: 1 XRP = 10 XDX
    • Minimum Buy: 150 XRP (1,500 XDX)

    Secure your position now, join the Presale Now Before It Sells Out: https://xendex.net/presale

    With momentum stronger than ever and supply steadily shrinking, every hour counts.

    XenDex isn’t just another DEX. It’s delivering real solutions to real gaps on XRP Ledger:

    • AI-Powered Copy Trading — Follow elite trading strategies in real-time
    • Non-Custodial Lending & Borrowing — Borrow and lend your XRP and $XDX tokens to earn rewards
    • Cross-Chain Trading — Swap and trade XRP tokens across major blockchain networks like Solana and BNB
    • Staking and Yield Farming — Earn rewards by supplying liquidity to the platform’s liquidity pool
    • DAO Governance — $XDX holders vote on the features, upgrades of XenDex

    Participate In $XDX Presale Now

    With more than half the presale tokens sold and thousands joining the XenDex community across Telegram and Twitter, the race is intensifying. Investors know that early entry not only locks in the best price but also unlocks premium rewards, staking benefits, and governance power once the platform fully launches.

    Between the surge in XRP market optimism and XenDex’s fast-moving presale, the opportunity to buy $XDX at launch pricing is disappearing quickly. Missing out now could mean paying much higher prices post-listing or worse, missing the breakout altogether.

    Visit Official XenDex Links

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

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68525264-6d6d-484c-ab32-1540403e6ade

    The MIL Network –

    April 29, 2025
  • MIL-OSI: XRP News: XenDex Sells More Than 50% of Its Presale Ahead of Listing on Major Exchanges

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, April 28, 2025 (GLOBE NEWSWIRE) — In a monumental week for XRP and the broader crypto market, XenDex is making headlines once again. Fresh off the approval of Brazil’s first XRP Spot ETF, the SEC’s withdrawal of its XRP lawsuit, and ProShares’ XRP Futures ETF approval, XenDex is riding a historic wave of momentum and investors are going all in without thinking twice.

    In just about four days, XenDex has sold more than 50% of its $XDX token presale allocation, surpassing all early projections. With major exchange listings on the horizon, early supporters are racing to secure $XDX tokens at launch prices before broader exposure sends demand soaring.

    Buy $XDX Now Before Presale Ends

    XenDex isn’t just another project — it’s the first all-in-one decentralized exchange (DEX) built on the XRP Ledger offering AI-powered copy trading, non-custodial lending and borrowing, staking, and cross-chain trading, all in a simple, fast, and beginner-friendly platform.

    Presale Key Details:

    • Token: $XDX
    • Exchange Rate: 1 XRP = 10 XDX
    • Minimum Buy: 150 XRP (1,500 XDX)

    Join Now Before It Sells Out: https://xendex.net/presale

    Confirmed Listings on Top Exchanges

    Following the presale, $XDX is preparing for high-profile listings across major platforms, including:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    These upcoming listings are expected to drive significant liquidity and investor access, positioning $XDX for massive exposure and trading volume right from the start.

    XenDex delivers solutions the XRP Ledger has long been missing:

    • AI-Powered Copy Trading — Automate trades by mirroring elite traders
    • Non-Custodial Lending & Borrowing — Borrow and lend your XRP and XDX tokens to earn rewards
    • Cross-Chain Trading — Swap and trade XRP tokens across major blockchains like Solana and BNB

    With XRP market confidence exploding and infrastructure like ETFs strengthening the ecosystem, XenDex is emerging as the DeFi gateway for XRP’s new era.

    Buy $XDX Now & Earn Rewards

    Thousands of new investors have already joined XenDex’s Telegram and Twitter communities, locking in $XDX tokens before wider exchange exposure drives prices upward.

    Presale supply is being squeezed aggressively. Exchange listings are locked in. XRP’s momentum is unstoppable.

    There has never been a better moment to position yourself early. Join now before the window closes.

    Visit Official XenDex Links

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

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/05c01326-e101-43f5-92a2-2efffd95f449

    The MIL Network –

    April 29, 2025
  • MIL-OSI Africa: Secretary-General’s remarks at the 2025 ECOSOC Forum on Financing for Development [Bilingual, as delivered; see below for All-English and All-French versions]

    Source: United Nations – English

    r. President of the General Assembly, Mr. President of ECOSOC,

    Excellencies, ladies and gentlemen,

    This year’s ECOSOC Forum comes at a pivotal time.

    We are in the final stretch of preparations for the Fourth International Conference on Financing for Development in Sevilla.

    And we face some harsh truths. 

    The harsh truth of donors pulling the plug on aid commitments and delivery at historic speed and scale.

    The harsh truth of trade barriers being erected at a dizzying pace.

    The harsh truth that the Sustainable Development Goals are dramatically off track, exacerbated by an annual financing gap of an estimated $4 trillion.

    And the harsh truth of prohibitively high borrowing costs that are draining away public investments in everything from education and health systems, to social protection, infrastructure and the energy transition.

    But there’s another, much larger — and more dangerous — truth underlying all these challenges:  
    The harsh truth that global collaboration is being actively questioned.

    Look no further than trade wars. 

    Trade — fair trade — is a prime example of the benefits of international cooperation.

    And trade barriers are a clear and present danger to the global economy and sustainable development – as demonstrated in recent sharply lower forecasts by the International Monetary Fund, UNCTAD, the World Trade Organization and many others.

    In a trade war, everybody loses — especially the most vulnerable countries and people, who are hit the hardest.

    Excellencies,

    Against this turbulent background, we cannot let our financing for development ambitions get swept away.

    With just five years to reach the Sustainable Development Goals, we need to shift into overdrive.  

    That includes making good on the commitments countries made in the Pact for the Future in September:

    From an SDG stimulus to help countries invest in their people…

    To vital and long-awaited reforms to the global financial architecture…

    To the Pact’s clear commitments to open, fair and rules-based trade…

    To its call for an analysis of the impact of military expenditures on the achievement of the SDGs, with a final report out by September…

    To the Pact’s urging for an ambitious outcome to July’s Conference on Financing for Development.

    As you continue negotiations on the draft outcome document for Sevilla, I push for action in three key areas.

    First — on debt.

    When applied smartly and fairly, debt can be an ally of development.

    Instead, it has become a villain.

    In many developing countries, gains are getting crushed under the weight of debt service, siphoning away investments in education, health and infrastructure.

    And the problem is getting worse.

    Debt service for developing economies has soared past $1.4 trillion a year.

    Debt service now exceeds 10 per cent of government revenue in more than 50 developing countries — and more than 20 per cent in 17 countries — a clear warning sign of default.

    The Sevilla Conference should emerge with a commitment by Member States to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.

    This includes establishing a dedicated facility to help developing countries manage their liabilities and enhance liquidity in times of crisis.

    The G20 must also continue its work to speed up the Common Framework for Debt Treatments and expand support for countries that are currently ineligible — including middle-income countries in difficulties.

    And credit ratings agencies need to rethink ratings methodologies that drive up borrowing costs for developing countries.

    At the same time, the IMF and World Bank should push forward on reforming debt assessments to account for sustainable development investments and climate risks.

    These proposals and the many others contained in the draft outcome document provide an ambitious roadmap to help developing countries use debt in a constructive and sustainable way.

    Second — we need to unlock the full potential of our international financial institutions.

    If finance is the fuel of development, Multilateral Development Banks are its engine.

    And this engine needs revving up. 

    We will keep pushing to triple the lending capacity of Multilateral Development Banks, making them bigger and bolder, as called for in the draft outcome document.

    This includes recapitalization, stretching their balance sheets and substantially increasing their capacity to mobilize private finance at reasonable costs for developing countries.

    We must ensure that concessional finance is deployed where it is most needed.

    And we need to see that developing countries are represented fairly — and have a voice — in the governance of these institutions they depend on.

    Troisièmement, nous devons prendre des mesures concrètes pour augmenter tous les flux de financement.

    Oui, les temps sont durs.

    Mais c’est d’autant plus dans les périodes difficiles qu’un investissement responsable et durable s’impose.

    Au niveau national, les gouvernements doivent mobiliser davantage de ressources internes et les diriger vers des systèmes essentiels tels que l’éducation, la santé et les infrastructures…

    Ils doivent collaborer avec des partenaires privés pour multiplier les options de financement mixte…

    Et intensifier la lutte contre la corruption et les flux financiers illicites.

    Au niveau mondial, nous devons poursuivre nos efforts en vue d’établir un régime fiscal mondial inclusif et efficace, et veiller à ce que les règles fiscales internationales soient effectivement et équitablement appliquées.

    Les donateurs doivent tenir leurs promesses en matière d’aide publique au développement et s’assurer que ces précieuses ressources parviennent aux pays en développement.

    Pour notre part, nous donnerons aux équipes de pays des Nations Unies tous les moyens pour collaborer avec les gouvernements hôtes, afin qu’un maximum de ressources soit affecté au développement durable aux niveaux national et régional.

    Et nous saisirons toutes les occasions, y compris la COP30 au Brésil, pour demander aux dirigeants de trouver des sources innovantes de financement de l’action climatique dans les pays en développement – afin de mobiliser 1 300 milliards de dollars par an d’ici à 2035.

    Tout cela exige des efforts particuliers en terme de sources innovantes de financement.

    Excellences,

    À bien des égards, l’avenir du système multilatéral dépend du financement du développement.

    Il en va de notre conviction que le règlement des problèmes mondiaux – tels que la pauvreté, la faim et la crise climatique – demande des solutions mondiales.

    Tirons le meilleur parti de ce moment charnière, alors que nous nous préparons pour la conférence de Séville.

    Maintenons nos ambitions à la hauteur des enjeux, et agissons pour les populations et pour la planète.

    Et je vous remercie.

    ***
    [All-English]

    Mr. President of the General Assembly, Mr. President of ECOSOC,

    Excellencies, ladies and gentlemen,

    This year’s ECOSOC Forum comes at a pivotal time.

    We are in the final stretch of preparations for the Fourth International Conference on Financing for Development in Sevilla.

    And we face some harsh truths. 

    The harsh truth of donors pulling the plug on aid commitments and delivery at historic speed and scale.

    The harsh truth of trade barriers being erected at a dizzying pace.

    The harsh truth that the Sustainable Development Goals are dramatically off track, exacerbated by an annual financing gap of an estimated $4 trillion.

    And the harsh truth of prohibitively high borrowing costs that are draining away public investments in everything from education and health systems, to social protection, infrastructure and the energy transition.

    But there’s another, much larger — and more dangerous — truth underlying all these challenges:

    The harsh truth that global collaboration is being actively questioned.

    Look no further than trade wars. 

    Trade — fair trade — is a prime example of the benefits of international cooperation.

    And trade barriers are a clear and present danger to the global economy and sustainable development – as demonstrated in recent sharply lower forecasts by the International Monetary Fund, UNCTAD, the World Trade Organization and many others.

    In a trade war, everybody loses — especially the most vulnerable countries and people, who are hit the hardest.

    Excellencies,

    Against this turbulent background, we cannot let our financing for development ambitions get swept away.

    With just five years to reach the Sustainable Development Goals, we need to shift into overdrive.  

    That includes making good on the commitments countries made in the Pact for the Future in September:

    From an SDG stimulus to help countries invest in their people…

    To vital and long-awaited reforms to the global financial architecture…

    To the Pact’s clear commitments to open, fair and rules-based trade…

    To its call for an analysis of the impact of military expenditures on the achievement of the SDGs, with a final report out by September…

    To the Pact’s urging for an ambitious outcome to July’s Conference on Financing for Development.

    As you continue negotiations on the draft outcome document for Sevilla, I push for action in three key areas.

    First — on debt.

    When applied smartly and fairly, debt can be an ally of development.

    Instead, it has become a villain.

    In many developing countries, gains are getting crushed under the weight of debt service, siphoning away investments in education, health and infrastructure.

    And the problem is getting worse.

    Debt service for developing economies has soared past $1.4 trillion a year.

    Debt service now exceeds 10 per cent of government revenue in more than 50 developing countries — and more than 20 per cent in 17 countries — a clear warning sign of default.

    The Sevilla Conference should emerge with a commitment by Member States to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.

    This includes establishing a dedicated facility to help developing countries manage their liabilities and enhance liquidity in times of crisis.

    The G20 must also continue its work to speed up the Common Framework for Debt Treatments and expand support for countries that are currently ineligible — including middle-income countries in difficulties.

    And credit ratings agencies need to rethink ratings methodologies that drive up borrowing costs for developing countries.

    At the same time, the IMF and World Bank should push forward on reforming debt assessments to account for sustainable development investments and climate risks.

    These proposals and the many others contained in the draft outcome document provide an ambitious roadmap to help developing countries use debt in a constructive and sustainable way.

    Second — we need to unlock the full potential of our international financial institutions.

    If finance is the fuel of development, Multilateral Development Banks are its engine.

    And this engine needs revving up. 

    We will keep pushing to triple the lending capacity of Multilateral Development Banks, making them bigger and bolder, as called for in the draft outcome document.

    This includes recapitalization, stretching their balance sheets and substantially increasing their capacity to mobilize private finance at reasonable costs for developing countries.

    We must ensure that concessional finance is deployed where it is most needed.

    And we need to see that developing countries are represented fairly — and have a voice — in the governance of these institutions they depend on.

    And third — we need concrete action to increase all streams of finance.

    Yes, these are tough times.

    But it is in difficult periods that the imperative for responsible, sustainable investment is even more critical. 

    At the country level, governments need to strengthen the mobilization of domestic resources and channel them towards critical systems like education, health and infrastructure…

    To work with private sector partners to increase blended finance options…

    And to scale-up the fight against corruption and illicit financial flows.

    At the global level, we must keep working to shape an inclusive and effective global tax regime, and ensure that international taxation rules are applied fairly and effectively.

    Donors must keep their promises on official development assistance, and ensure those precious resources reach developing countries.  

    For our part, we will fully deploy our UN Country Teams to work with host governments to channel the maximum amount of resources towards sustainable development at the national and regional levels.
     
    And we will use every opportunity — including COP30 in Brazil — to call on leaders to identify innovative sources of climate finance for developing countries leading to the mobilization of $1.3 trillion annually by 2035. 

    All this requires a focus on innovative sources of finance.  

    Excellencies,

    In many ways, financing for development is integral to the future of the multilateral system.

    It’s about our conviction in the power of global solutions to global problems like poverty, hunger and the climate crisis.

    Let’s make the most of this critical moment as we prepare for Sevilla.

    Let’s keep our ambitions high and deliver for people and planet.

    And I thank you.

    ***
    [All-French]

    Monsieur le Président de l’Assemblée générale, Monsieur le Président de l’ECOSOC,

    Excellences, Mesdames et Messieurs,

    Le Forum du Conseil économique et social de cette année tombe à un moment charnière.

    Les préparatifs de la quatrième Conférence internationale sur le financement du développement, qui se tiendra à Séville, entrent dans leur dernière ligne droite.

    Parallèlement, nous nous heurtons à de dures réalités :

    Des donateurs qui reviennent sur leurs engagements et renoncent à verser l’aide promise à une vitesse et à une ampleur sans précédent ;

    Des barrières commerciales qui sont érigées à un rythme effréné ;

    Des objectifs de développement durable qui sont encore bien loin d’être atteints et qui pâtissent d’un déficit de financement annuel estimé à 4 000 milliards de dollars ;

    Ou encore des coûts d’emprunt prohibitifs qui tarissent les investissements publics dans tous les domaines, de l’éducation et des systèmes de santé à la protection sociale, en passant par les infrastructures et la transition énergétique.

    Mais il y a une autre réalité – bien plus importante et bien plus dangereuse – qui est à la base de tous ces problèmes.

    Cette réalité, c’est la remise en question de la collaboration internationale.

    Inutile de chercher un exemple bien loin : prenons les guerres commerciales.

    Le commerce – un commerce équitable – illustre parfaitement les avantages de la coopération internationale.

    Les barrières commerciales constituent un danger réel et immédiat pour l’économie mondiale et le développement durable – comme le montrent les récentes prévisions en forte baisse du Fonds monétaire international, de la CNUCED, de l’Organisation mondiale du commerce et de bien d’autres organismes.

    L’Organisation mondiale du commerce prévoit déjà que le commerce international de marchandises se contractera de 0,2 % cette année – un revirement brutal par rapport à la hausse de 2,9 % enregistrée l’année dernière.

    Dans une guerre commerciale, tout le monde est perdant, en particulier les pays et les populations les plus vulnérables, qui sont les plus durement touchés.

    Excellences,

    Dans ce contexte mouvementé, nous ne pouvons laisser s’envoler nos ambitions en matière de financement du développement.

    Il ne reste que cinq ans pour atteindre les objectifs de développement durable ; il nous faut donc passer à la vitesse supérieure.

    Il faut notamment honorer les engagements pris par les pays dans le cadre du Pacte pour l’avenir en septembre :

    Du plan de relance des objectifs de développement durable, qui vise à aider les pays à investir dans leurs populations…

    Aux réformes vitales et longuement attendues de l’architecture financière mondiale…

    Aux engagements clairs pris dans le Pacte en faveur d’un commerce ouvert, équitable et régi par des règles…

    À l’analyse qui y est préconisée de l’impact des dépenses militaires sur la réalisation des objectifs de développement durable, qui fera l’objet d’un rapport final publié d’ici à septembre…

    Et au résultat ambitieux qui y est fixé pour la Conférence internationale sur le financement du développement de juillet.

    Alors que les négociations sur le projet de document final de Séville se poursuivent, j’insiste pour que des mesures soient prises dans trois domaines clés.

    Premièrement, la dette.

    Lorsqu’elle est exploitée de manière intelligente et équitable, la dette peut être une alliée du développement.

    Or, elle est devenue une ennemie.

    Dans bon nombre de pays en développement, les acquis obtenus dans le domaine du développement croulent sous le poids du service de la dette, qui ponctionne les investissements dans l’éducation, la santé et les infrastructures.

    Et le problème ne fait qu’empirer.

    Le service de la dette des économies en développement s’est envolé à plus de 1 400 milliards de dollars par an.

    Il dépasse aujourd’hui de 10 % les recettes publiques dans plus de 50 pays en développement – et plus de 20 % dans 17 pays – un signe évident de défaillance.

    À l’issue de la conférence de Séville, les États Membres devraient s’engager à réduire le coût des emprunts, à mieux restructurer la dette et à empêcher les crises de perdurer.

    Pour ce faire, il faudra notamment mettre en place un dispositif pour aider les pays en développement à gérer leurs dettes et à améliorer leur situation de trésorerie en temps de crise.

    Le G20 doit également poursuivre ses travaux afin d’accélérer la mise en œuvre du Cadre commun pour le traitement de la dette et d’apporter un plus grand appui aux pays qui ne remplissent pas les conditions requises pour bénéficier de l’Initiative de suspension du service de la dette, notamment les pays à revenu intermédiaire.

    En outre, les agences de notation doivent revoir leurs méthodes, qui font grimper les coûts d’emprunt pour les pays en développement.

    Dans le même temps, le FMI et la Banque mondiale devraient faire avancer la réforme de l’évaluation de la dette de sorte que les investissements dans le développement durable et les risques climatiques soient pris en compte.

    Ces propositions, comme les nombreuses autres propositions faites dans le projet de document final, constituent un plan d’action ambitieux devant aider les pays en développement à utiliser la dette de manière constructive et durable.

    Deuxièmement, nos institutions financières internationales doivent pouvoir exploiter tout leur potentiel.

    Si le financement est le carburant du développement, les banques multilatérales de développement en sont le moteur.

    Et ce moteur doit être rendu plus performant.

    Nous continuerons à faire pression pour tripler la capacité de prêt des banques multilatérales de développement, en les agrandissant et en les rendant plus audacieuses, comme le prévoit le projet de document final.

    Il s’agit notamment d’augmenter leur capital, d’étendre leurs bilans et d’accroître considérablement leur capacité à mobiliser des financements privés à des coûts raisonnables pour les pays en développement.

    Il faudra également veiller à ce que des financements à des conditions favorables soient accordés là où ils sont le plus nécessaires.

    Et il faudra que les pays en développement soient représentés équitablement – et aient voix au chapitre – dans la gouvernance de ces institutions, dont ils dépendent.

    Troisièmement, nous devons prendre des mesures concrètes pour augmenter tous les flux de financement.

    Oui, les temps sont durs.

    Mais c’est d’autant plus dans les périodes difficiles qu’un investissement responsable et durable s’impose.

    Au niveau national, les gouvernements doivent mobiliser davantage de ressources internes et les diriger vers des systèmes essentiels tels que l’éducation, la santé et les infrastructures…

    Ils doivent collaborer avec des partenaires privés pour multiplier les options de financement mixte…

    Et intensifier la lutte contre la corruption et les flux financiers illicites.

    Au niveau mondial, nous devons poursuivre nos efforts en vue d’établir un régime fiscal mondial inclusif et efficace, et veiller à ce que les règles fiscales internationales soient effectivement et équitablement appliquées.
    Les donateurs doivent tenir leurs promesses en matière d’aide publique au développement et s’assurer que ces précieuses ressources parviennent aux pays en développement.

    Pour notre part, nous donnerons aux équipes de pays des Nations Unies tous les moyens pour collaborer avec les gouvernements hôtes, afin qu’un maximum de ressources soit affecté au développement durable aux niveaux national et régional.

    Et nous saisirons toutes les occasions, y compris la COP30 au Brésil, pour demander aux dirigeants de trouver des sources innovantes de financement de l’action climatique dans les pays en développement – afin de mobiliser 1 300 milliards de dollars par an d’ici à 2035.

    Tout cela exige des efforts particuliers en terme de sources innovantes de financement.

    Excellences,

    À bien des égards, l’avenir du système multilatéral dépend du financement du développement.

    Il en va de notre conviction que le règlement des problèmes mondiaux – tels que la pauvreté, la faim et la crise climatique – demande des solutions mondiales.

    Tirons le meilleur parti de ce moment charnière, alors que nous nous préparons pour la conférence de Séville.

    Maintenons nos ambitions à la hauteur des enjeux, et agissons pour les populations et pour la planète.

    Et je vous remercie.
     

    MIL OSI Africa –

    April 29, 2025
  • MIL-OSI Economics: Chia Der Jiun: Charting a steady course in a changing world

    Source: Bank for International Settlements

    IMAS EXCO
    Ms Carmen Wee, IMAS CEO
    Ladies and Gentlemen

    Good morning. I am delighted to join you today at the 28th IMAS Annual Investment Conference.

    This year’s conference theme – “Navigating an Evolving Landscape” – is apt but may be understating the environment we are in today. Fundamental shifts in trade policy and the geo-strategic landscape have led us into a period of heightened uncertainty in the global economy and volatility in financial markets. In this new landscape of uncertainty and volatility, the asset management industry plays an important role in sustaining investor confidence and contributing to the resilience of markets.

    Role of Asset Management Industry to Manage Uncertainty 

    Let me focus on 3 areas that the asset management industry can help in:

    a. One, build more resilient markets;
    b. Two, provide products and portfolios that meet investors’ diversification and retirement needs; and
    c. Three, support better informed investors.

    Resilient Markets

    There are several components that contribute towards more resilient markets. Transparency, market integrity and settlement efficiency are fundamental. Regulators have a role in putting these right. Market infrastructure operators also have a role. Trading venues should be liquidity enhancing rather than liquidity fragmenting. Margin requirements should be set at levels that avoid amplifying funding stresses.

    Market participants too play a role. Leverage needs to be deployed carefully to mitigate procyclical deleveraging. To be clear, market functionality has generally remained resilient through stress episodes, including through the sharp market repricing of risks and uncertainty in April. But we are also all aware of episodes where volatility spiked and market functionality deteriorated. In August last year, Japanese equities fell sharply and VIX spiked following the unwinding of leveraged carry trades. Earlier this month, 10-year Treasuries rose 50bps over a short period of time, while the dollar weakened. A commonly heard attribution has been the unwind of leveraged trades. Crowded leveraged trades are vulnerable to changing policy, economic and market conditions. Market resilience is better assured through a diversity of market participants, employing a myriad of strategies which provides depth and two-way flows. Let me give the example of Singapore’s FX market, where MAS had sought to foster a diverse ecosystem of market participants to support depth and stability.

    a. In FX markets, we made efforts since 2018 via our Foreign Exchange E-Trading (“FXET”) initiative, to strengthen infrastructure capabilities. This has improved pricing and trade-fill efficiency while reducing latency. Over time, a diverse group of FX players have anchored their matching and pricing engines in Singapore to serve regional market participants. This enhancement of FX capabilities and infrastructure has supported FX price discovery and market functionality in this region during both Business-as-Usual and under stressed periods. Our eFX ecosystem continues to grow well with a diversity of market participants including platforms, banks, real money, hedge funds, and corporate treasuries. This has contributed to Singapore’s continued growth as a leading FX hub in Asia, with the average daily traded volumes crossing US$ 1 trillion in 2024.1

    At this time of heightened uncertainty, MAS is closely watching that Singapore’s foreign exchange and S$ money markets continue to function in an orderly manner. We also monitor the functionality of key funding markets in coordination with central banks globally.

    Products and Portfolios that Meet Diversification and Retirement Needs

    Let me turn to my second point. Asset managers are key to providing fund products that serve the savings and retirement needs for our region. Their products should contribute to portfolio diversification and help investors manage market volatility while investing for the long term. In building and delivering such products,:

    a. Asset managers must have in place an effective liquidity and market risk management framework. There is a need to run regular stress testing on your portfolio risks under conditions when volatility spikes and correlations break down. Funds should also stress your ability to handle redemption spikes amidst adverse market movements. Global regulatory bodies such as the FSB and IOSCO have made calls for further enhancements to strengthen the industry’s resilience in both normal and stressed market conditions, by reinforcing consistency between the funds’ investment strategy and liquidity of fund assets, with redemption terms. In line with this, MAS will study the need to review the current framework for liquidity risk management by asset managers, and will engage the industry when ready.
    b. Product distributors and providers should also ensure that marketing and advertisements are fair and balanced. Marketing should not over-emphasise product features that are not sustainable across a robust range of scenarios. A sudden withdrawal of such product features could cause a loss of confidence and a redemption spike.
    c. Clear and timely disclosures should be provided to investors, to enable them to make well-informed investment decisions in fast-changing market conditions.

    To provide retail investors with a wider set of investment choices, MAS is also currently consulting on a framework for private market investment funds for retail investors.

    a. Private market investments, such as private equity and infrastructure, generally have longer investment horizons and a differentiated set of risk factors that are different than public market investments. Retail investors may be interested in gaining exposure to this asset class as part of a well-diversified investment portfolio.
    b. We welcome feedback from all IMAS members as we work towards developing a balanced and risk-calibrated framework that can support the growth of a robust and sustainable market for such retail funds.

    Support Better Informed Investors

    Third, asset managers support better informed investors, through continued partnership with MAS and the MoneySense community on investor education.

    When MAS launched the national financial education programme MoneySense in 2003, one of its goals was to support consumers in becoming more self-reliant in financial affairs. This was important as consumers needed to exercise their judgement, evaluate the suitability of investments for their own needs, even as more complex and varied products entered the financial markets.

    Over the years, industry associations, including IMAS, community organisations and consumer bodies have been valuable partners. Together, MoneySense’s activities and programmes were launched to enhance consumers’ understanding of financial affairs, whether it is in managing money, insurance protection, or investing and planning for retirement.

    IMAS’ Contributions to Industry

    Let me say a few words of appreciation for IMAS’ role in galvanizing the industry.

    I am happy to see IMAS’ continued efforts to bring partners together to uplift the asset management sector. As I mentioned earlier, IMAS has played an important role in improving public education through your ongoing partnerships with MoneySense, SGX and FundSingapore. IMAS has also contributed efforts towards reskilling and upskilling for industry professionals by developing the iLEARN platform since 2019 as a one-stop platform for relevant training programmes in line with market shifts.

    I am also encouraged to know that IMAS has taken the lead to support its members to deepen expertise in sustainable finance. I am happy today to be part of a significant milestone – the launch of the IMAS Climate Handbook in partnership with Amundi. This practical guide will enable asset managers to integrate climate considerations into risk assessments as well as investment frameworks.

    In closing, as regulator and developer of the asset management industry, we share a common goal with market participants to keep our markets stable and vibrant and to ensure its sustainable growth in the face of global headwinds. MAS will continue to partner with IMAS and its members to build a more resilient, competitive, and innovative asset management ecosystem.

    Thank you and wishing you all a fulfilling Conference ahead.


    MIL OSI Economics –

    April 29, 2025
  • MIL-OSI USA: Heinrich, Luján Blast Trump Admin’s Attacks on Head Start, Demand RFK Jr. Immediately Unfreeze Head Start Funding & Reverse Firings of Early Childhood Education Workers

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    In a letter to RFK Jr., Heinrich & Luján demand answers on Trump Admin’s actions to undermine Head Start as Trump reportedly plans to eliminate the program
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) and U.S. Senator Ben Ray Luján (D-N.M.), one of only two Head Start graduates to serve in the Senate, sent a letter to Department of Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. to demand the Trump Administration stop its attacks on Head Start programs. In their letter, Heinrich and Luján reminded Secretary Kennedy of his legal obligation to administer Head Start, and demanded that HHS immediately unfreeze Head Start funding, reverse the mass firing of Head Start workers, and stop  gutting offices that ensure high-quality early childhood education services are available for thousands of children and families in New Mexico and nationwide.
    In New Mexico, Head Start and early Head Start programs serve 8,800 children living below the poverty line, including 271 children experiencing homelessness, and 139 children in foster care in 2022. 
    “We write to express our strong opposition to the actions you have taken to directly attack and undermine the federal Head Start program. Since day one, this Administration has taken unacceptable actions to withhold and delay funding, fire Head Start staff, and gut high-quality services for children. Already this year, this Administration has withheld almost $1 billion in federal grant funding from Head Start programs, a 37 percent decrease compared to the amount of funding awarded during the same period last year,” the senators wrote in a letter to Secretary Kennedy. “It is abundantly clear that these actions are part of a broader effort to ultimately eliminate the program altogether, as the Administration reportedly plans to do in its fiscal year 2026 budget proposal.”
    The senators detailed how the program plays an instrumental role in supporting kids and families across the country, writing: “Head Start provides early childhood education and comprehensive health and social services to nearly 800,000 young children every year in communities across this country, and employs about 250,000 dedicated staff. Head Start is a critical source of child care for working families, particularly in rural and Tribal communities, where Head Start programs are often the only option for high-quality child care services. Head Start programs ensure children receive appropriate health and dental care, nutrition support, and referrals to other critical services for parents, such as job training, adult education, nutrition services, and housing support.”
    “You even acknowledged the value of Head Start following a recent visit to a Virginia Head Start center,” the senators wrote, contrasting that statement of support with the Trump administration’s actions. “However, as a result of your actions to withhold and delay funding and undermine the administration of this vital program, Head Start centers are in serious jeopardy and have already had their day to day operations impacted. Programs are increasingly worried that they will not be able to make payroll, pay rent, and remain open to serve the hundreds of thousands of children and families who depend on their services in communities across the nation.”
    “Since the very start of this Administration, Head Start programs have been under attack,” the senators wrote, detailing office closures and funds that were frozen for Head Start grants across the country. “At one point, the National Head Start Association reported 37 programs serving nearly 15,000 children across the country could not access their federal funding. Head Start programs operate with thin margins and on short-term budgets from HHS, and without any communication from the Administration about the status of funding, programs were forced to temporarily close or to lay off staff.”
    The senators underscored how the gutting of Head Start offices and the firing of staff who keep the federal program running puts the entire program in jeopardy, “On April 1st, you abruptly closed five of the ten regional offices that help local grantees administer Head Start programs in 22 states. This left hundreds of programs without dedicated points of contact to address mission critical issues like approving grant renewals and modifications, investigating child health and safety incidents, and providing training and technical assistance to ensure high-quality services for children. While some grantees were assigned a new program specialist, we understand many have not been receiving responses to their inquiries. This is on top of the estimated 97 Office of Head Start central office staff that were terminated due to their probationary status and the recent reduction in force. You promised ‘radical transparency’ as Secretary, yet it is unclear how these actions will improve Head Start programs, and you and your staff refuse to respond to basic inquiries and requests for information.”
    Importantly, the senators noted that if Head Start funding is kept frozen by the Trump Administration, many more programs could be forced to close.
    “Head Start grantees are still waiting on payments and grant renewals from the Office of Head Start, including programs whose grants end on April 30th, 2025. These notices should have gone out by now, yet we are concerned to hear programs report they have received little to no correspondence regarding their grant renewals,” the senators continued, detailing how local Head Start programs are receiving no notice for the path forward for grant funding. “Additionally, because we started fiscal year 2025 under a short-term continuing resolution, as is usual, some grantees have only received partial funding for the first few months of the year. But with a full year funding bill in place, these grantees should have received full funding by now, yet some are reporting that they have not received the full amount of their grants and will run out of funds this month or next. On Wednesday, April 16th, the delays in Head Start funding led to the closure of Head Start centers serving more than 400 children in Sunnyside, Washington.”
    “The Administration has a legal and moral obligation to disburse Head Start funds to programs and to uphold the program’s promise to provide high-quality early education services to low income children and families across this country,” the senators stated. “There is no justifiable reason for the delay in funding we have seen over the last two months, and you have refused to offer any kind of explanation.”
    The senators concluded by warning that eliminating Head Start would be devastating, demanding answers on the Trump Administration’s actions, and demanding the reversal of these actions: “[W]e urge you to immediately reinstate fired staff across all Offices of Head Start, and cease all actions to delay the awarding and disbursement of funding to Head Start programs across this country.”
    Community leaders in New Mexico are weighing in on the grave consequences of the Trump Administration’s continuous assault on Head Start for children’s futures:
    “As a Head Start Leader for over 40 years, I have witnessed firsthand the transformative impact Head Start has on children, families, and communities. Eliminating Head Start would be nothing less than a national tragedy. It would be a direct attack on the country’s most vulnerable children and families – those who have the least and need the most.” said Patricia Grovey Evans, President of New Mexico Head Start Association.
    “Defunding the Head Start program would be a grave injustice to young Zuni children, who depend on this vital resource to embark on their educational journey steeped in cultural identity and moral values. Early childhood education is not merely about teaching; it lays the foundation for self-awareness and community connection that will guide them throughout their lives. Cutting this crucial funding threatens to strip away their opportunity to nurture the skills and cultural heritage essential for their growth and future success,” said Anthony Sanchez, Head Councilman for Zuni Tribe.
    “Jemez Pueblo’s Walatowa Head Start Language Immersion Program offers a unique and valuable community-based education delivered solely in our Towa language. Education of our youngest community members is important and to have that education provided in our native language is of the utmost importance. As Native people, it was vital that our Head Start program incorporated the Pueblo’s vibrant traditional calendar through art, music and dance while also incorporating other subjects like math and science. Walatowa Head Start Language Immersion Program serves as a model for other tribal Head Start programs who wish to teach the children in their native language. Our community worked for over a decade to make this education culturally responsive and if funding for Head Start were to disappear, so would our community’s work. We cannot allow this to happen,” said Carnell Chosa, First Lieutenant Governor of Jemez Pueblo.
    “As someone working on the front lines of early childhood education in New Mexico, I am deeply alarmed by the proposed cuts to Head Start in President Trump’s leaked budget. At the Now Mexico Association for the Education of Young Children (NMAEYC), we see firsthand how essential this program is especially for families inour rural and underserved communities. Head Start has been a cornerstone for opportunity and stability for low-income families for 60 years. Eliminating this program would jeopardize early learning, health, and nutrition services for more than 150,000 children across the country, including thousands here in New Mexico. Head Start is not just a program- it’s a lifeline. Gutting this critical funding, would harm our most vulnerable children, undermine family stability, and set our state back for generations. Continued investment in Head Start is not optional – it’s essential to ensuring that every New Mexico child, regardless of zip code, has a fair shot at success,” said Alicia B. Borrego, MBA, Executive Director of New Mexico Association for the Education of Young Children.
    “Children are our most precious resource. Cutting funding for Head Start and Early Head Start, which serve nearly 8,800 of New Mexico’s most vulnerable children, jeopardizes our children’s future, our community’s wellbeing, and our economy. These programs provide vital education and support families and their health, improving immunization rates, healthcare access, and social-emotional, language, and cognitive development. While New Mexico has made bold investments in early childhood, strong federal support is essential for every child to succeed in school and to flourish in life,” said Gabrielle Uballez, Executive Director of New Mexico Voices for Children.
    “Head Start has been a massively important force in changing the game for young children. The science tells us that 85% of brain development happens before age 5, so this is a common sense investment, and one that has contributed to decades of American prosperity,” said Kate Noble, President and CEO of Growing Up New Mexico.
    “Thanks to my experience working as a Head Start teacher in Santa Fe, I’ve seen firsthand how the Head Start Program change lives – giving our youngest leaners the solid foundation they need to succeed in school and beyond. Cutting this program would mean turning our backs on the children who need us most. This program isn’t just early education; it’s lifeblood for families who are doing their best with so little. Taking it away would break something sacred in our community.” said Deyanira Contreras, Director of Kids Campus at SFCC.
    Alongside Heinrich and Luján, the letter is signed by U.S. Senators Patty Murray (D-Wash.), Bernie Sanders (I-Vt.), Tammy Baldwin (D-Wis.), Jack Reed (D-R.I.), Mazie K. Hirono (D-Hawaii), Andy Kim (D-N.J.), Chuck Schumer (D-N.Y.), Lisa Blunt Rochester (D-Del.), Peter Welch (D-Vt.), Gary Peters (D-Mich.), Michael Bennet (D-Colo.), Richard Blumenthal (D-Conn.), Jeanne Shaheen (D-N.H.), Ruben Gallego (D-Ariz.), Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.), Tina Smith (D-Minn.), John Fetterman (D-Pa.), Tammy Duckworth (D-Ill.), Chris Coons (D-Del.), Chris Murphy (D-Conn.), Jeff Merkley (D-Ore.), Mark Kelly (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Sheldon Whitehouse (D-R.I.), Dick Durbin (D-Ill.), Catherine Cortez Masto (D-Nev.), Tim Kaine (D-Minn.), Alex Padilla (D-Calif.), Chris Van Hollen (D-Md.), Elissa Slotkin (D-Minn.), Ron Wyden (D-Ore.), Raphael Warnock (D-Ga.), Cory Booker (D-N.J.), Amy Klobuchar (D-Minn.), Ed Markey (D-Mass.), Angus King (I-Maine), Brian Schatz (D-Hawaii), Angela Alsobrooks (D-Md.), and Mark Warner (D-Va.).
    The full text of the letter is here and below:
    Dear Secretary Kennedy:
    We write to express our strong opposition to the actions you have taken to directly attack and undermine the federal Head Start program. Since day one, this Administration has taken unacceptable actions to withhold and delay funding, fire Head Start staff, and gut high-quality services for children. Already this year, this Administration has withheld almost $1 billion in federal grant funding from Head Start programs, a 37 percent decrease compared to the amount of funding awarded during the same period last year. It is abundantly clear that these actions are part of a broader effort to ultimately eliminate the program altogether, as the Administration reportedly plans to do in its fiscal year 2026 budget proposal.
    Head Start provides early childhood education and comprehensive health and social services to nearly 800,000 young children every year in communities across this country, and employs about 250,000 dedicated staff. Head Start is a critical source of child care for working families, particularly in rural and Tribal communities, where Head Start programs are often the only option for high-quality child care services. HeadStart programs ensure children receive appropriate health and dental care, nutrition support, and referrals to other critical services for parents, such as job training, adult education, nutrition services, and housing support.
    You even acknowledged the value of Head Start following a recent visit to a Virginia Head Start center, where you said, “I had a very inspiring tour. I saw a devoted staff and a lot of happy children. They are getting the kind of education and socialization they need, and they are also getting a couple of meals a day.”
    However, as a result of your actions to withhold and delay funding and undermine the administration of this vital program, Head Start centers are in serious jeopardy and have already had their day to day operations impacted. Programs are increasingly worried that they will not be able to make payroll, pay rent, and remain open to serve the hundreds of thousands of children and families who depend on their services in communities across the nation.
    Since the very start of this Administration, Head Start programs have been under attack. On January 27th, 2025, the Office of Management and Budget issued a memo (M-25-13) that suddenly froze the disbursement of grant funding for federal programs and services government-wide, including Head Start. Despite the Administration’s clarification that Head Start programs would not be the target of the funding freeze, many Head Startprograms across the country were unable to draw down their grant funds through the Payment Management System (PMS) for weeks. At one point, the National Head StartAssociation reported 37 programs serving nearly 15,000 children across the country could not access their federal funding. Head Start programs operate with thin margins and on short-term budgets from HHS, and without any communication from the Administration about the status of funding, programs were forced to temporarily close or to lay off staff. In Wisconsin, the National Centers for Learning Excellence, which serves more than 200 children and their families, shut down for a week and laid off staff due to the funding freeze.
    On April 1st, you abruptly closed five of the ten regional offices that help local grantees administer Head Start programs in 22 states. This left hundreds of programs without dedicated points of contact to address mission critical issues like approving grant renewals and modifications, investigating child health and safety incidents, and providing training and technical assistance to ensure high-quality services for children. While some grantees were assigned a new program specialist, we understand many have not been receiving responses to their inquiries. This is on top of the estimated 97 Office of Head Start central office staff that were terminated due to their probationary status and the recent reduction in force. You promised “radical transparency” as Secretary, yet it is unclear how these actions will improve Head Start programs, and you and your staff refuse to respond to basic inquiries and requests for information.
    On March 14th, 2025, the Office of Head Start (OHS) notified all Head Start programs that “the use of federal funding for any training and technical assistance or other program expenditures that promote or take part in diversity, equity, and inclusion (DEI) initiatives” will not be approved and that any questions should be directed to regional offices. Programs have not received any guidance for what would be considered “DEI” but this policy is potentially in direct conflict with statutory and regulatory program requirements, such as providing culturally and linguistically appropriate instructional services for English learners. Many programs cannot direct questions to regional staff, as half of regional offices were abruptly closed, and as unprecedented actions are being taken to delay and withhold funding, Head Start programs have been intentionally left with little to no guidance.
    Head Start programs are now arbitrarily required to provide justifications for each draw down of funds that is necessary to operate their programs, despite already receiving a federal grant award for these purposes. As of April 14th, Head Startprograms have reportedly received correspondence from an email address “defendthespend@hhs.gov” requiring programs to submit a “specific description of why the funds are necessary and why they are aligned to the award” before programs can have funding disbursed. It has been reported that political appointees must sign off on every draw down of funds. This creates an illusion of improving oversight but only serves to add unnecessary red tape by requiring the manual sign off on hundreds of thousands of individual actions annually across the Department based on two to three sentence justifications. Already some grantees have reported delays in receiving funds, and have reported that furloughs or closures are imminent if funds are not released. For an administration that purports to value local autonomy and efficiency in federally funded programs, your actions have achieved the exact opposite.
    Finally, Head Start grantees are still waiting on payments and grant renewals from the Office of Head Start, including programs whose grants end on April 30th, 2025. These notices should have gone out by now, yet we are concerned to hear programs report they have received little to no correspondence regarding their grant renewals. Additionally, because we started fiscal year 2025 under a short-term continuing resolution, as is usual, some grantees have only received partial funding for the first few months of the year. But with a full year funding bill in place, these grantees should have received full funding by now, yet some are reporting that they have not received the full amount of their grants and will run out of funds this month or next. On Wednesday, April 16th, the delays in Head Start funding led to the closure of Head Start centers serving more than 400 children in Sunnyside, Washington.
    The Administration has a legal and moral obligation to disburse Head Start funds to programs and to uphold the program’s promise to provide high-quality early education services to low income children and families across this country. The fiscal year 2025 appropriations act provided $12.3 billion for Head Start, the same as the fiscal year 2024 level. The Head Start Act includes an explicit formula for how appropriated funds should be allocated. There is no justifiable reason for the delay in funding we have seen over the last two months, and you have refused to offer any kind of explanation. However, this week leaked fiscal year 2026 budget documents indicated the Office of Management and Budget was directing the Department, consistent with the Administration’s proposal to eliminate Head Start in fiscal year 2026, to “ensure to the extent allowable FY2025 funds are available to close out the program.” If this explains any of the delay in awarding fiscal year 2025 funding, we want to be clear, no funds were provided in fiscal year 2025 to “close out the program,” and it would be wholly unacceptable and likely illegal if the Department tries to carry out this directive.
    Finally, the leaked budget documents provided a justification, albeit brief, for eliminating Head Start in fiscal year 2026 that makes this Administration’s priorities clear and puts the Department’s actions over the last several months in context. The Administration argues that eliminating Head Start, “is consistent with the Administration’s goals of returning education to the States and increasing parental choice.” It is shocking to see an argument that eliminating a program that provides comprehensive early childhood care and education to 800,000 children and their families would increase parental choice. It is particularly concerning to see that argument in the context of the significant delay in awarding fiscal year 2025 appropriated funds and what that indicates about the intent behind the Department’s actions. We believe it is obvious that eliminating Head Start would be detrimental to hundreds of thousands of children and families. Similarly, we believe it is obvious that delaying funding like we have seen over the last two months, forcing Head Startprograms to close, and leaving families to scramble to find quality, affordable alternatives puts the education and well-being of some of the most vulnerable young children in America at risk. In our view, that is unacceptable.
    Therefore, we urge you to immediately reinstate fired staff across all Offices of HeadStart, and cease all actions to delay the awarding and disbursement of funding to HeadStart programs across this country.
    Please provide us with a written response to the questions below no later than 10 days from receipt:
    1. Will you reinstate the staff who administer Head Start programs and reopen the closed regional offices responsible for overseeing Head Start programs in 22 states?
    a) When is HHS going to share information on the reorganization plan for the consolidation of the regional offices?
    b) Please provide the contact information for each program specialist designated to the 22 states who lost their regional office.
    c) Who is responsible for ensuring there are no delays or lapses in funding, nor any disruptions to Head Start program operations now that these states do not have a regional office?
    2. How many employees at the Offices of Head Start have been terminated, including the five regional offices and the central office?
    a) Which officials at HHS were involved in the staffing reduction decisions for OHS and what planning, if any, was undertaken prior to these reductions? Please describe the events that unfolded and name each office that was involved in the decision. Further, please name the official(s) who approved the staffing reductions.
    3. Can you confirm that the Administration will distribute all Head Start funds appropriated by Congress to Head Start programs in FY 25, as required by the HeadStart Act?
    4. Please provide a list of all grantees with 5-year Head Start grant renewals that startbetween now and the end of the fiscal year: May 1st, June 1st, July 1st, August 1st, and September 1st.
    a) Will any funding be delayed for grantees that are due to receive their annual funding on May 1st or beyond?
    5. Why are funding awards delayed for grantees that received partial awards during the first continuing resolution for FY25?
    a) When can HHS guarantee that all funds will be awarded for partially funded Head Start programs?
    6. What is the “Tier 2” department for review that is delaying drawn down for HeadStart programs in the Payment Management System?
    a) When should programs expect to receive their funds?
    b) Please provide all communication that went to Head Start grantees on the new review process.
    7. What guidance and clarifications have been provided to Head Start grantees on DEI expenditures?
    a) How is HHS evaluating Head Start programs’ expenditures and grant awards for DEI?
    b) What justifications are being used to prohibit DEI?

    MIL OSI USA News –

    April 29, 2025
  • MIL-OSI Video: Fisheries Subsidies: Bahrain’s acceptance

    Source: World Trade Organization – WTO (video statements)

    Bahrain deposited its instrument of acceptance of the Agreement on Fisheries Subsidies on 28 April. Ambassador Abdulla Abdullatif ABDULLA presented Bahrain’s instrument of acceptance to Director-General Ngozi Okonjo-Iweala.

    https://www.youtube.com/watch?v=e-2Ui1apm98

    MIL OSI Video –

    April 29, 2025
  • MIL-OSI: BexBack Introduces 100x Leverage, No KYC, and Exclusive Bonuses Amid Crypto Market Volatility

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 28, 2025 (GLOBE NEWSWIRE) — As Bitcoin has surged to new highs, reaching $95,000, BexBack, a fast-growing cryptocurrency derivatives platform, is positioning itself to help traders capitalize on market opportunities. Offering up to 100x leverage and no KYC, BexBack is redefining what it means to trade freely in today’s volatile market.

    In light of U.S. economic policies, such as recent tax adjustments and fiscal concerns, cryptocurrency has remained an attractive hedge. BexBack offers a suite of features that empower traders, including high leverage and enticing bonuses, to navigate the uncertain market with greater flexibility.

    Leverage Trading Made Simple

    With up to 100x leverage, BexBack enables traders to open larger positions with smaller capital. A small price movement in Bitcoin could result in significant gains, especially for those utilizing high leverage. However, traders are advised to manage risk carefully, as higher leverage also increases potential risks.

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    Why Choose BexBack?

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    Amanda
    business@bexback.com

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    The MIL Network –

    April 29, 2025
  • MIL-OSI United Nations: Secretary-General’s remarks at the 2025 ECOSOC Forum on Financing for Development [Bilingual, as delivered; see below for All-English and All-French versions]

    Source: United Nations secretary general

    Mr. President of the General Assembly, Mr. President of ECOSOC,

    Excellencies, ladies and gentlemen,

    This year’s ECOSOC Forum comes at a pivotal time.

    We are in the final stretch of preparations for the Fourth International Conference on Financing for Development in Sevilla.

    And we face some harsh truths. 

    The harsh truth of donors pulling the plug on aid commitments and delivery at historic speed and scale.

    The harsh truth of trade barriers being erected at a dizzying pace.

    The harsh truth that the Sustainable Development Goals are dramatically off track, exacerbated by an annual financing gap of an estimated $4 trillion.

    And the harsh truth of prohibitively high borrowing costs that are draining away public investments in everything from education and health systems, to social protection, infrastructure and the energy transition.

    But there’s another, much larger — and more dangerous — truth underlying all these challenges:  
    The harsh truth that global collaboration is being actively questioned.

    Look no further than trade wars. 

    Trade — fair trade — is a prime example of the benefits of international cooperation.

    And trade barriers are a clear and present danger to the global economy and sustainable development – as demonstrated in recent sharply lower forecasts by the International Monetary Fund, UNCTAD, the World Trade Organization and many others.

    In a trade war, everybody loses — especially the most vulnerable countries and people, who are hit the hardest.

    Excellencies,

    Against this turbulent background, we cannot let our financing for development ambitions get swept away.

    With just five years to reach the Sustainable Development Goals, we need to shift into overdrive.  

    That includes making good on the commitments countries made in the Pact for the Future in September:

    From an SDG stimulus to help countries invest in their people…

    To vital and long-awaited reforms to the global financial architecture…

    To the Pact’s clear commitments to open, fair and rules-based trade…

    To its call for an analysis of the impact of military expenditures on the achievement of the SDGs, with a final report out by September…

    To the Pact’s urging for an ambitious outcome to July’s Conference on Financing for Development.

    As you continue negotiations on the draft outcome document for Sevilla, I push for action in three key areas.

    First — on debt.

    When applied smartly and fairly, debt can be an ally of development.

    Instead, it has become a villain.

    In many developing countries, gains are getting crushed under the weight of debt service, siphoning away investments in education, health and infrastructure.

    And the problem is getting worse.

    Debt service for developing economies has soared past $1.4 trillion a year.

    Debt service now exceeds 10 per cent of government revenue in more than 50 developing countries — and more than 20 per cent in 17 countries — a clear warning sign of default.

    The Sevilla Conference should emerge with a commitment by Member States to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.

    This includes establishing a dedicated facility to help developing countries manage their liabilities and enhance liquidity in times of crisis.

    The G20 must also continue its work to speed up the Common Framework for Debt Treatments and expand support for countries that are currently ineligible — including middle-income countries in difficulties.

    And credit ratings agencies need to rethink ratings methodologies that drive up borrowing costs for developing countries.

    At the same time, the IMF and World Bank should push forward on reforming debt assessments to account for sustainable development investments and climate risks.

    These proposals and the many others contained in the draft outcome document provide an ambitious roadmap to help developing countries use debt in a constructive and sustainable way.

    Second — we need to unlock the full potential of our international financial institutions.

    If finance is the fuel of development, Multilateral Development Banks are its engine.

    And this engine needs revving up. 

    We will keep pushing to triple the lending capacity of Multilateral Development Banks, making them bigger and bolder, as called for in the draft outcome document.

    This includes recapitalization, stretching their balance sheets and substantially increasing their capacity to mobilize private finance at reasonable costs for developing countries.

    We must ensure that concessional finance is deployed where it is most needed.

    And we need to see that developing countries are represented fairly — and have a voice — in the governance of these institutions they depend on.

    Troisièmement, nous devons prendre des mesures concrètes pour augmenter tous les flux de financement.

    Oui, les temps sont durs.

    Mais c’est d’autant plus dans les périodes difficiles qu’un investissement responsable et durable s’impose.

    Au niveau national, les gouvernements doivent mobiliser davantage de ressources internes et les diriger vers des systèmes essentiels tels que l’éducation, la santé et les infrastructures…

    Ils doivent collaborer avec des partenaires privés pour multiplier les options de financement mixte…

    Et intensifier la lutte contre la corruption et les flux financiers illicites.

    Au niveau mondial, nous devons poursuivre nos efforts en vue d’établir un régime fiscal mondial inclusif et efficace, et veiller à ce que les règles fiscales internationales soient effectivement et équitablement appliquées.

    Les donateurs doivent tenir leurs promesses en matière d’aide publique au développement et s’assurer que ces précieuses ressources parviennent aux pays en développement.

    Pour notre part, nous donnerons aux équipes de pays des Nations Unies tous les moyens pour collaborer avec les gouvernements hôtes, afin qu’un maximum de ressources soit affecté au développement durable aux niveaux national et régional.

    Et nous saisirons toutes les occasions, y compris la COP30 au Brésil, pour demander aux dirigeants de trouver des sources innovantes de financement de l’action climatique dans les pays en développement – afin de mobiliser 1 300 milliards de dollars par an d’ici à 2035.

    Tout cela exige des efforts particuliers en terme de sources innovantes de financement.

    Excellences,

    À bien des égards, l’avenir du système multilatéral dépend du financement du développement.

    Il en va de notre conviction que le règlement des problèmes mondiaux – tels que la pauvreté, la faim et la crise climatique – demande des solutions mondiales.

    Tirons le meilleur parti de ce moment charnière, alors que nous nous préparons pour la conférence de Séville.

    Maintenons nos ambitions à la hauteur des enjeux, et agissons pour les populations et pour la planète.

    Et je vous remercie.

    ***
    [All-English]

    Mr. President of the General Assembly, Mr. President of ECOSOC,

    Excellencies, ladies and gentlemen,

    This year’s ECOSOC Forum comes at a pivotal time.

    We are in the final stretch of preparations for the Fourth International Conference on Financing for Development in Sevilla.

    And we face some harsh truths. 

    The harsh truth of donors pulling the plug on aid commitments and delivery at historic speed and scale.

    The harsh truth of trade barriers being erected at a dizzying pace.

    The harsh truth that the Sustainable Development Goals are dramatically off track, exacerbated by an annual financing gap of an estimated $4 trillion.

    And the harsh truth of prohibitively high borrowing costs that are draining away public investments in everything from education and health systems, to social protection, infrastructure and the energy transition.

    But there’s another, much larger — and more dangerous — truth underlying all these challenges:

    The harsh truth that global collaboration is being actively questioned.

    Look no further than trade wars. 

    Trade — fair trade — is a prime example of the benefits of international cooperation.

    And trade barriers are a clear and present danger to the global economy and sustainable development – as demonstrated in recent sharply lower forecasts by the International Monetary Fund, UNCTAD, the World Trade Organization and many others.

    In a trade war, everybody loses — especially the most vulnerable countries and people, who are hit the hardest.

    Excellencies,

    Against this turbulent background, we cannot let our financing for development ambitions get swept away.

    With just five years to reach the Sustainable Development Goals, we need to shift into overdrive.  

    That includes making good on the commitments countries made in the Pact for the Future in September:

    From an SDG stimulus to help countries invest in their people…

    To vital and long-awaited reforms to the global financial architecture…

    To the Pact’s clear commitments to open, fair and rules-based trade…

    To its call for an analysis of the impact of military expenditures on the achievement of the SDGs, with a final report out by September…

    To the Pact’s urging for an ambitious outcome to July’s Conference on Financing for Development.

    As you continue negotiations on the draft outcome document for Sevilla, I push for action in three key areas.

    First — on debt.

    When applied smartly and fairly, debt can be an ally of development.

    Instead, it has become a villain.

    In many developing countries, gains are getting crushed under the weight of debt service, siphoning away investments in education, health and infrastructure.

    And the problem is getting worse.

    Debt service for developing economies has soared past $1.4 trillion a year.

    Debt service now exceeds 10 per cent of government revenue in more than 50 developing countries — and more than 20 per cent in 17 countries — a clear warning sign of default.

    The Sevilla Conference should emerge with a commitment by Member States to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.

    This includes establishing a dedicated facility to help developing countries manage their liabilities and enhance liquidity in times of crisis.

    The G20 must also continue its work to speed up the Common Framework for Debt Treatments and expand support for countries that are currently ineligible — including middle-income countries in difficulties.

    And credit ratings agencies need to rethink ratings methodologies that drive up borrowing costs for developing countries.

    At the same time, the IMF and World Bank should push forward on reforming debt assessments to account for sustainable development investments and climate risks.

    These proposals and the many others contained in the draft outcome document provide an ambitious roadmap to help developing countries use debt in a constructive and sustainable way.

    Second — we need to unlock the full potential of our international financial institutions.

    If finance is the fuel of development, Multilateral Development Banks are its engine.

    And this engine needs revving up. 

    We will keep pushing to triple the lending capacity of Multilateral Development Banks, making them bigger and bolder, as called for in the draft outcome document.

    This includes recapitalization, stretching their balance sheets and substantially increasing their capacity to mobilize private finance at reasonable costs for developing countries.

    We must ensure that concessional finance is deployed where it is most needed.

    And we need to see that developing countries are represented fairly — and have a voice — in the governance of these institutions they depend on.

    And third — we need concrete action to increase all streams of finance.

    Yes, these are tough times.

    But it is in difficult periods that the imperative for responsible, sustainable investment is even more critical. 

    At the country level, governments need to strengthen the mobilization of domestic resources and channel them towards critical systems like education, health and infrastructure…

    To work with private sector partners to increase blended finance options…

    And to scale-up the fight against corruption and illicit financial flows.

    At the global level, we must keep working to shape an inclusive and effective global tax regime, and ensure that international taxation rules are applied fairly and effectively.

    Donors must keep their promises on official development assistance, and ensure those precious resources reach developing countries.  

    For our part, we will fully deploy our UN Country Teams to work with host governments to channel the maximum amount of resources towards sustainable development at the national and regional levels.
     
    And we will use every opportunity — including COP30 in Brazil — to call on leaders to identify innovative sources of climate finance for developing countries leading to the mobilization of $1.3 trillion annually by 2035. 

    All this requires a focus on innovative sources of finance.  

    Excellencies,

    In many ways, financing for development is integral to the future of the multilateral system.

    It’s about our conviction in the power of global solutions to global problems like poverty, hunger and the climate crisis.

    Let’s make the most of this critical moment as we prepare for Sevilla.

    Let’s keep our ambitions high and deliver for people and planet.

    And I thank you.

    ***
    [All-French]

    Monsieur le Président de l’Assemblée générale, Monsieur le Président de l’ECOSOC,

    Excellences, Mesdames et Messieurs,

    Le Forum du Conseil économique et social de cette année tombe à un moment charnière.

    Les préparatifs de la quatrième Conférence internationale sur le financement du développement, qui se tiendra à Séville, entrent dans leur dernière ligne droite.

    Parallèlement, nous nous heurtons à de dures réalités :

    Des donateurs qui reviennent sur leurs engagements et renoncent à verser l’aide promise à une vitesse et à une ampleur sans précédent ;

    Des barrières commerciales qui sont érigées à un rythme effréné ;

    Des objectifs de développement durable qui sont encore bien loin d’être atteints et qui pâtissent d’un déficit de financement annuel estimé à 4 000 milliards de dollars ;

    Ou encore des coûts d’emprunt prohibitifs qui tarissent les investissements publics dans tous les domaines, de l’éducation et des systèmes de santé à la protection sociale, en passant par les infrastructures et la transition énergétique.

    Mais il y a une autre réalité – bien plus importante et bien plus dangereuse – qui est à la base de tous ces problèmes.

    Cette réalité, c’est la remise en question de la collaboration internationale.

    Inutile de chercher un exemple bien loin : prenons les guerres commerciales.

    Le commerce – un commerce équitable – illustre parfaitement les avantages de la coopération internationale.

    Les barrières commerciales constituent un danger réel et immédiat pour l’économie mondiale et le développement durable – comme le montrent les récentes prévisions en forte baisse du Fonds monétaire international, de la CNUCED, de l’Organisation mondiale du commerce et de bien d’autres organismes.

    L’Organisation mondiale du commerce prévoit déjà que le commerce international de marchandises se contractera de 0,2 % cette année – un revirement brutal par rapport à la hausse de 2,9 % enregistrée l’année dernière.

    Dans une guerre commerciale, tout le monde est perdant, en particulier les pays et les populations les plus vulnérables, qui sont les plus durement touchés.

    Excellences,

    Dans ce contexte mouvementé, nous ne pouvons laisser s’envoler nos ambitions en matière de financement du développement.

    Il ne reste que cinq ans pour atteindre les objectifs de développement durable ; il nous faut donc passer à la vitesse supérieure.

    Il faut notamment honorer les engagements pris par les pays dans le cadre du Pacte pour l’avenir en septembre :

    Du plan de relance des objectifs de développement durable, qui vise à aider les pays à investir dans leurs populations…

    Aux réformes vitales et longuement attendues de l’architecture financière mondiale…

    Aux engagements clairs pris dans le Pacte en faveur d’un commerce ouvert, équitable et régi par des règles…

    À l’analyse qui y est préconisée de l’impact des dépenses militaires sur la réalisation des objectifs de développement durable, qui fera l’objet d’un rapport final publié d’ici à septembre…

    Et au résultat ambitieux qui y est fixé pour la Conférence internationale sur le financement du développement de juillet.

    Alors que les négociations sur le projet de document final de Séville se poursuivent, j’insiste pour que des mesures soient prises dans trois domaines clés.

    Premièrement, la dette.

    Lorsqu’elle est exploitée de manière intelligente et équitable, la dette peut être une alliée du développement.

    Or, elle est devenue une ennemie.

    Dans bon nombre de pays en développement, les acquis obtenus dans le domaine du développement croulent sous le poids du service de la dette, qui ponctionne les investissements dans l’éducation, la santé et les infrastructures.

    Et le problème ne fait qu’empirer.

    Le service de la dette des économies en développement s’est envolé à plus de 1 400 milliards de dollars par an.

    Il dépasse aujourd’hui de 10 % les recettes publiques dans plus de 50 pays en développement – et plus de 20 % dans 17 pays – un signe évident de défaillance.

    À l’issue de la conférence de Séville, les États Membres devraient s’engager à réduire le coût des emprunts, à mieux restructurer la dette et à empêcher les crises de perdurer.

    Pour ce faire, il faudra notamment mettre en place un dispositif pour aider les pays en développement à gérer leurs dettes et à améliorer leur situation de trésorerie en temps de crise.

    Le G20 doit également poursuivre ses travaux afin d’accélérer la mise en œuvre du Cadre commun pour le traitement de la dette et d’apporter un plus grand appui aux pays qui ne remplissent pas les conditions requises pour bénéficier de l’Initiative de suspension du service de la dette, notamment les pays à revenu intermédiaire.

    En outre, les agences de notation doivent revoir leurs méthodes, qui font grimper les coûts d’emprunt pour les pays en développement.

    Dans le même temps, le FMI et la Banque mondiale devraient faire avancer la réforme de l’évaluation de la dette de sorte que les investissements dans le développement durable et les risques climatiques soient pris en compte.

    Ces propositions, comme les nombreuses autres propositions faites dans le projet de document final, constituent un plan d’action ambitieux devant aider les pays en développement à utiliser la dette de manière constructive et durable.

    Deuxièmement, nos institutions financières internationales doivent pouvoir exploiter tout leur potentiel.

    Si le financement est le carburant du développement, les banques multilatérales de développement en sont le moteur.

    Et ce moteur doit être rendu plus performant.

    Nous continuerons à faire pression pour tripler la capacité de prêt des banques multilatérales de développement, en les agrandissant et en les rendant plus audacieuses, comme le prévoit le projet de document final.

    Il s’agit notamment d’augmenter leur capital, d’étendre leurs bilans et d’accroître considérablement leur capacité à mobiliser des financements privés à des coûts raisonnables pour les pays en développement.

    Il faudra également veiller à ce que des financements à des conditions favorables soient accordés là où ils sont le plus nécessaires.

    Et il faudra que les pays en développement soient représentés équitablement – et aient voix au chapitre – dans la gouvernance de ces institutions, dont ils dépendent.

    Troisièmement, nous devons prendre des mesures concrètes pour augmenter tous les flux de financement.

    Oui, les temps sont durs.

    Mais c’est d’autant plus dans les périodes difficiles qu’un investissement responsable et durable s’impose.

    Au niveau national, les gouvernements doivent mobiliser davantage de ressources internes et les diriger vers des systèmes essentiels tels que l’éducation, la santé et les infrastructures…

    Ils doivent collaborer avec des partenaires privés pour multiplier les options de financement mixte…

    Et intensifier la lutte contre la corruption et les flux financiers illicites.

    Au niveau mondial, nous devons poursuivre nos efforts en vue d’établir un régime fiscal mondial inclusif et efficace, et veiller à ce que les règles fiscales internationales soient effectivement et équitablement appliquées.
    Les donateurs doivent tenir leurs promesses en matière d’aide publique au développement et s’assurer que ces précieuses ressources parviennent aux pays en développement.

    Pour notre part, nous donnerons aux équipes de pays des Nations Unies tous les moyens pour collaborer avec les gouvernements hôtes, afin qu’un maximum de ressources soit affecté au développement durable aux niveaux national et régional.

    Et nous saisirons toutes les occasions, y compris la COP30 au Brésil, pour demander aux dirigeants de trouver des sources innovantes de financement de l’action climatique dans les pays en développement – afin de mobiliser 1 300 milliards de dollars par an d’ici à 2035.

    Tout cela exige des efforts particuliers en terme de sources innovantes de financement.

    Excellences,

    À bien des égards, l’avenir du système multilatéral dépend du financement du développement.

    Il en va de notre conviction que le règlement des problèmes mondiaux – tels que la pauvreté, la faim et la crise climatique – demande des solutions mondiales.

    Tirons le meilleur parti de ce moment charnière, alors que nous nous préparons pour la conférence de Séville.

    Maintenons nos ambitions à la hauteur des enjeux, et agissons pour les populations et pour la planète.

    Et je vous remercie.
     

    MIL OSI United Nations News –

    April 29, 2025
  • MIL-OSI Russia: Open Day at the Polytechnic University brought together thousands of future students

    Translation. Region: Russian Federal

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

    Before the start of the admissions campaign, the Polytechnic University held an Open Day. On April 27, more than 4,000 applicants and their parents visited the Main Academic Building of the university. For those who could not come in person, a live broadcast was organized in the Polytechnic group for applicants on VKontakte.

    The event was opened by the Vice-Rector for Continuing and Pre-University Education of SPbPU Dmitry Tikhonov, who spoke about the advantages of studying at the Polytechnic University and the prospects for students. Then the responsible secretary of the Admissions Committee Vitaly Drobchik acquainted the participants with the key changes in the admission rules for the 2025 academic year.

    After the official part, the guests were able to visit the institutes’ stands, where they learned about the training areas and asked questions to the teachers and students. Various activities and presentations were prepared for the university’s guests. The Civil Engineering Institute held master classes on digital construction, life safety, and product design. Those interested in the humanities were able to learn about the professions of a digital linguist, psychologist, and specialist in foreign regional studies. The Institute of Biomedical Systems and Biotechnology held a master class on experiments with food pigments. The Institute of Industrial Management, Economics, and Trade organized a master class on commodity science, where schoolchildren learned to quickly determine the quality of products and identify signs of non-compliance with standards and possible counterfeiting.

    The SPbPU Career Development Department presented job opportunities to applicants in an interactive format. Specialists talked about practices, internships and options for cooperation with the university’s partners. Organizations that offer targeted training at the university were also presented.

    In addition, participants could visit a photo booth and take a sightseeing tour of the campus. At special consultation stands, guests of the university talked with employees of the Admissions Committee, activists of the United Student Council of Dormitories, representatives of the Black Bears-Polytech sports club and specialists of the Center for Work with Applicants.

    At the end of the event, participants were treated to an impressive scientific show from the Institute of Physics and Mathematics, as well as an awards ceremony for the winners of the university competition.

    The live broadcast was hosted by the Director of the Contingent Formation Center Varvara Sotova and a student of the Institute of Energy Victoria Chernova. They explained in detail the nuances of admission this year and talked about participation in the projects of the State Corporation Rosatom. The broadcast can be viewed inrecords in a group.

    The Open Day once again confirmed the leading position of the Polytechnic University, the relevance of our scientific developments and educational programs. There was a lot of excitement near the career guidance zones of each institute. And the university strategy adapted for presentation to schoolchildren aroused keen interest among applicants and parents, because we are talking about success and prospects. We see how the interest of young people in engineering areas and the use of modern technologies related to artificial intelligence, digital engineering, new materials is growing. It is especially valuable that applicants come to us not just for a diploma, but for the competencies of the future, which will allow them to become sought-after specialists in high-tech industries, – noted Dmitry Tikhonov.

    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 –

    April 29, 2025
  • MIL-OSI: ServiceTrade Recognized on 2025 Capterra Shortlist for Field Service Management Software

    Source: GlobeNewswire (MIL-OSI)

    DURHAM, N.C., April 28, 2025 (GLOBE NEWSWIRE) — ServiceTrade, Inc., the premier provider of commercial field service management software tailored explicitly for mechanical and fire protection contractors, has once again earned recognition on the Capterra Shortlist for Field Service Management (FSM) software. ServiceTrade has consistently ranked highly in Capterra’s extensive survey of solutions for field service management thanks to its ease of use, robust features, exceptional customer service, and outstanding value for money. This affirmation of its industry leadership position is based directly on customer experiences and reviews.

    “ServiceTrade is specifically built to help commercial fire and life safety and mechanical service contractors accelerate growth, enhance profitability, and deliver unparalleled service to their customers,” said Brook Bock, Chief Product Officer at ServiceTrade.  “Recognition on the Capterra Shortlist validates our commitment to driving profitable growth, fueling technician efficiency, and increasing operational efficiency in a single, end-to-end platform. Our customers consistently report measurable improvements in profitability, efficiency, and overall satisfaction with the ServiceTrade platform, which underscores our mission and motivates us to continually innovate.”

    The Capterra Shortlist features top software solutions, selected based on verified user ratings, comprehensive reviews, and customer popularity. The Short List offers valuable insights to help businesses choose software that aligns with their specific needs. According to Capterra’s detailed summary of ServiceTrade customer reviews, the platform consistently excels in:

    • Enabling Customer Service Excellence: Contractors praise ServiceTrade’s advanced quoting capabilities for dramatically improving response times and boosting customer satisfaction. Real-time notifications and detailed reporting ensure contractors deliver highly professional and efficient customer communications.
    • Comprehensive Service Management: Reviewers highlight the platform’s intuitive features that simplify complex service management processes. Contractors value the flexibility of ServiceTrade to handle diverse service types in a single, complete solution. They also noted ServiceTrade’s continuous innovation.
    • Efficient Scheduling Capabilities: ServiceTrade’s scheduling capabilities, particularly the dispatch board and advanced scheduling features, consistently earn top ratings. Users appreciate the platform’s ability to prioritize jobs and align technicians’ schedules according to business goals. ServiceTrade customers experience a decrease of up to 40% in the time spent on scheduling and dispatch tasks.

    “With ServiceTrade, we are able to fully run our business with the ease of customer locations, ticket prep, quoting, and invoicing all in the same place,” said ServiceTrade customer Jerry Harrold, Founder and General Manager of Sterling Fire and Safety.

    ServiceTrade enables contractors to focus on high-profit customers, capture targeted revenue growth opportunities, and achieve maximum profitability per technician and job. In today’s competitive market, characterized by persistent skilled labor shortages, the platform is essential for reducing operational chaos, maximizing technician productivity, and helping commercial service contractors sell and keep their ideal customers.  Trusted by over 1,300 commercial contractors, ServiceTrade helps manage more than 13 million assets and processes invoices totaling over $7.5 billion annually.

    “It’s an honor to be repeatedly recognized by Capterra because it reflects the direct experiences of our customers,” concluded Ms. Bock. “We remain committed to setting the industry standard for field service management software, enabling our customers to increase productivity, provide exceptional service, and attain their business goals.”

    To learn more about ServiceTrade:

    About ServiceTrade
    ServiceTrade, Inc. is a leading Field Service Management (FSM) software platform for commercial mechanical and fire and life safety contractors. During a chronic skilled labor shortage, ServiceTrade helps contractors increase profits by improving service and project operations, enhancing technician productivity, selling more service agreements, and fostering customer loyalty. Located in Durham, North Carolina, ServiceTrade was founded in 2012 to automate and streamline the commercial mechanical and fire protection industry and has grown to have more than 1,300 customers. More than 10% of the commercial or industrial buildings in the United States are serviced by commercial service contractors using ServiceTrade. Learn more at www.servicetrade.com.

    Contact:

    media@ktcmarketingandpr.com

    The MIL Network –

    April 29, 2025
  • MIL-OSI: Aktsiaselts Infortar 2024 audited Annual Report

    Source: GlobeNewswire (MIL-OSI)

    The Supervisory Board of Aktsiaselts Infortar approved the audited annual report for 2024 and will submit it to the Annual General Meeting for approval.

    Major events

    Maritime transport

    In the summer, Infortar invested €110 million in acquiring Tallink Grupp (Tallink) shares, increasing its shareholding in Tallink to 68.5%.

    The total number of passengers in 2024 reached 5.6 million. As of the end of the financial year, Tallink operated 14 vessels. Three vessels were chartered out during the year. The number of transported cargo units exceeded 303,000, and passenger vehicles transported totalled 777,000.

    Energy

    Infortar’s subsidiary, Elenger Grupp (Elenger), signed a €120 million agreement with the German energy conglomerate EWE AG to acquire EWE Group’s business operations in Poland. The transaction included natural gas assets, a distribution network in Western Poland, and all energy sales segments.

    In 2024, Elenger sold a total of 18.4 TWh of energy (15.9 TWh in 2023). Sales in Estonia accounted for 16% of the total energy sales in 2024. The company’s market share in gas sales across the Finland-Baltic gas market for the year was 24.3%.

    Real estate

    Infortar’s real estate portfolio has expanded from 100,000 to 141,000 square meters over the past year. At the end of last year, the Rimi logistics centre in Saue received its occupancy permit. This summer, a new bridge in Pärnu will be completed, followed by the opening of Lasnamäe’s second DEPO store in Estonia next year. In early 2028, the Kangru-Saku section of the Rail Baltica main route will also be completed.

    Key figures of financial year

    Key figures 12 months 2024 12 months 2023
    Sales revenue. m€ 1 371.775 1 084.626
    Gross profit. m€ 128.628 149.473
    EBITDA. m€ 145.275 143.283
    EBITDA margin (%) 10.6% 13.2%
    Operating profit. EBIT. m€ 77.024 123.628
    Total profit(-loss). m€1,2 193.670 293.830
    EPS (euros)2 9.36 14.62
    Total equity m€ 1 166.221 820.210
    Total liabilities m€3 1 223.287 441.160
    Net debt m€4 1 055.708 354.045
    Investment loans to EBITDA (ratio)5 3.0x 1.7x

    1.The 2024 financial year total profit includes a one-off revaluation of €94 million, mainly arising from the acquisition of Tallink. The 2023 financial year profit includes a one-off revaluation of €159 million, mainly arising from the acquisition of Gaso.

    2. In the Q4 and 12-month annual results reported on 25 February 2025, the consolidated total profit for the financial year was €173.351 million, and earnings per share (EPS) amounted to €8.46. Adjustments have been made in the audited figures, mainly related to the purchase price allocation of Tallink Grupp, resulting in an increase of €20.319 million in the total profit for the annual year and an increase of earnings per share (EPS) by 0.9 euros.

    3–4. The significant increase in liabilities and net debt is due to the consolidation of Tallink’s loans into Infortar’s financial statements in 2024.

    5. Infortar Group’s investment loans / EBITDA ratio. For 2024 Tallink’s 12-month EBITDA (€265.447 million) has been used for comparability purposes

    Revenue

    2024. financial year, the group´s consolidated sales revenue increased by €287.149 million reaching €1 371.775 million (compared to €1 084.626 million in 2023). A significant impact was made by the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements starting from August 1, 2024.

    EBITDA and Segment Reporting

    Maritime transport Segment: The EBITDA for the maritime transport segment in 2024 financial year was €175.181 million (compared to €214.528 million in the 2023 financial year). In segment reporting 100% Tallink results are presented.

    Tallink´s financial results were affected by difficult economic environment across all our home markets, and the lowest consumer confidence levels in a decade.

    Energy Segment: The EBITDA for the energy segment of the 2024 financial year was €77.235 million (compared to €135.999 million in 2023). Warmer winter led to a decrease in sales volumes, which in turn impacted profitability in the fourth quarter.

    Real Estate Segment: The profitability assessment considers the EBITDA of individual real estate companies. The EBITDA for the real estate segment of the 2024 financial year was €13.567 million (compared to €12.39 million in 2023). Three new buildings at Liivalaia 9, Tähesaju 9, and Tähesaju 11 were included in the accounting for the 2023 financial year.

    Total Profit

    The consolidated total profit for the 2024 financial year was €193.67 million (compared to €293.83 million in the 2023 financial year). One-off significant impacts included the effects related to the acquisition of Tallink in 2024 and Latvian gas distribution company Gaso in 2023. The consolidated operating profit for the 2024 financial year was €77.024 million (compared to €123.628 million in 2023).

    Investments

    Infortar entered the agricultural sector by acquiring one of Estonia’s largest dairy farms in Halinga and began constructing a biomethane plant next to the farm for local biomethane production. Infortar invested €110 million in purchasing Tallink shares, increasing its shareholding in Tallink to 68,5%.

    Infortar subsidiary Elenger signed a €120 million agreement with the German energy group EWE AG to acquire EWE Group’s entire Polish business. The transaction includes the natural gas distribution network in Western Poland as well as all energy sales operations.

    Financing

    Loan and lease liabilities amounted to €1 223.287 million in 2024 financial year (compared to €441.16 million in 2023 financial year). Significant increase in the 2024 financial year is primarily due to the line-by-line consolidation of Tallink Grupp, which resulted in the full inclusion of Tallink’s liabilities among the group’s obligations.

    Proportionally to the growth in assets, Infortar’s net debt increased by €701.663 million, reaching €1 055.708 million (compared to €354,045 million in 2023 financial year). The net debt to EBITDA ratio was 3.4.

    Dividends

    According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per financial year. Dividend payments are made semi-annually. Infortar Group’s management proposes to pay a dividend of 3 euros per share for the 2024 financial year results.

    Consolidated statement of profit or loss and other comprehensive income

    (in thousands of EUR) 12 months 2024 12 months 2023
    Revenue 1 371 775 1 084 626
    Cost of goods (goods and services) sold -1 243 034 -934 811
    Write-down of receivables -113 -342
    Gross profit 128 628 149 473
    Marketing expenses -21 086 -1 620
    General administrative expenses -50 438 -22 085
    Profit (loss) from biological assets -139 0
    Profit (loss) from the change in the fair value of the investment property -949 -4 074
    Profit (loss) from changes in the fair value of fixed assets -8 691  
    Unsettled gain/loss on derivative financial instruments 26 672 1 969
    Other operating revenue 4 682 2 523
    Other operating expenses -1 655 -2 558
    Operating profit 77 024 123 628
    Profit (loss) from investments accounted for by equity method 22 974 39 639
    Financial income and expenses 13 392 0
    Other financial investments -50 -4
    Interest expense -38 274 -22 573
    Interest income 4 979 2 765
    Profit (loss) from changes in exchange rates 100 -173
    Gain from bargain purchase 93 659 159 158
    Total financial income and expenses 73 806 139 173
    Profit before tax 173 804 302 440
    Corporate income tax 19 866 -8 610
    Profit for the financial year 193 670 293 830
    including:    
    Profit attributable to the owners of the parent company 191 253 293 778
    Profit attributable to non-controlling interest 2 417 52
    Other comprehensive income    
    Items that will not be reclassified to profit or loss    
    Revaluation of post-employment benefit obligations -141 -44
    Items that may be subsequently reclassified to the income statement:    
    Revaluation of risk hedging instruments -45 792 -58 189
    Exchange rate differences attributable to foreign subsidiaries 53 -42
    Total of other comprehensive income -45 880 -58 275
    Total income 147 790 235 555
    including:    
    Comprehensive profit attributable to the owners of the parent company 145 514 235 503
    Comprehensive profit attributable to non-controlling interest 2 417 52
    Ordinary earnings per share (in euros per share) 9,36 14,62
    Diluted earnings per share (in euros per share) 9,12 14,15

    Consolidated statement of financial position

    (in thousands of EUR) 31.12.24 31.12.23
    Current assets    
    Cash and cash equivalents 167 579 87 115
    Short-term derivatives 8 333 28 728
    Settled derivative receivables 676 5 958
    Other prepayments and receivables 155 351 162 575
    Prepaid taxes 3 831 925
    Trade and other receivables 38 517 20 185
    Prepayments for inventories 2 498 3 493
    Inventories 215 914 146 884
    Biological assets 941 0
    Total current assets 593 640 455 863
    Non-current assets    
    Investments to associates 16 603 346 014
    Long-term derivative instruments 3 214 1 125
    Long-term loans and other receivables 35 163 9 072
    Investment property 67 931 176 024
    Property, plant and equipment 1 909 458 446 748
    Intangible assets 38 874 14 366
    Right-of-use assets 47 598 11 300
    Biological assets 2 753 0
    Total non-current assets 2 121 594 1 004 649
    TOTAL ASSETS 2 715 234 1 460 512
         
    (in thousands of EUR) 31.12.24 31.12.23
    Current liabilities    
    Loan liabilities 497 162 184 259
    Rental liabilities 9 020 1 766
    Payables to suppliers 87 941 74 751
    Tax obligations 49 354 32 822
    Buyers’ advances 31 126 3 099
    Settled derivatives 8 728 1 463
    Other current liabilities 63 431 10 851
    Short term derivatives 27 704 3 659
    Total current liabilities 774 466 312 670
    Non-current liabilities    
    Long-term provisions 9 946 8 399
    Deferred taxes 2 816 33 233
    Other long-term liabilities 43 209 30 679
    Long-term derivatives 1 471 186
    Loan-liabilities 676 670 246 410
    Rental liabilities 40 435 8 725
    Total non-current liabilities 774 547 327 632
    TOTAL LIABILITIES 1 549 013 640 302
         
    (in thousands of EUR) 31.12.24 31.12.23
    Equity    
    Share capital 2 117 2 105
    Own shares -72 -95
    Share premium 32 484 29 344
    Reserve capital 212 205
    Option reserve 6 223 3 864
    Hedging reserve* -21 674 24 118
    Unrealised exchange rate differences 45 -39
    Post-employment benefit obligation reserve -185 -44
    Retained earnings from previous periods 890 167 759 918
    Total equity attributable to equity holders of the Parent 909 317 819 376
    Minority interests 256 904 834
    Total equity 1 166 221 820 210
         
    TOTAL LIABILITIES AND EQUITY 2 715 234 1 460 512

    Consolidated statement of cash flows

    Cash flows from operating activities    
    (in thousands of EUR) 12 months
    2024
    12 months
    2023
    Profit for the financial year 193 670 293 830
    Adjustments:    
    Depreciation, amortisation, and impairment of non-current assets 68 251 19 655
    Change in the fair value of the investment property -22 974 -39 639
    Change in the value of derivatives -1 483 54 122
    Other financial income/expenses -112 030 -161 965
    Calculated interest expenses 38 274 22 573
    Profit/loss from non-current assets sold -955 -91
    Income from grants recognised as revenue -643 784
    Corporate income tax expense -19 866 8 610
    Income tax paid -10 551 -267
    Change in receivables and prepayments related to operating activities 52 023 54 540
    Change in inventories -12 831 -61 914
    Change in payables and prepayments relating to operating activities -81 275 -406
    Change in biological assets -322 0
    Total cash flows from operating activities 89 288 189 832
         
    Cash flows from investing activities    
    Purchases of associates 0 -10 314
    Purchases of subsidiaries -111 684 -103 414
    Received dividends 20 862 0
    Given loans 1 918 6 652
    Interest gain 4 953 2 691
    Purchases Investment property -10 352 -18 304
    Purchases of property, plant and equipment -27 835 -18 143
    Proceeds from sale of property 1 561 -252
    Total cash flows used in investing activities -120 577 -141 084
         
    Cash flows used in financing activities 12 months
    2024
    12 months
    2023
    Proceeds from targeted financing 225 0
    Changes in overdraft 12 863 14 348
    Proceeds from borrowings 358 731 287 606
    Repayments of borrowings -151 790 -312 846
    Repayment of finance lease liabilities -11 300 -2 233
    Interest paid -39 153 -22 224
    Dividends paid -60 997 -15 750
    Gain from share emission 3 174 29 464
    Total cash flows used in financing activities 111 753 -21 635
         
    TOTAL NET CASH FLOW 80 464 27 113
    Cash at the beginning of the year 87 115 60 002
    Cash at the end of the period 167 579 87 115
    Net (decrease)/increase in cash 80 464 27 113

    The 2024 Annual Report of Aktsiaselts Infortar is attached to this notice and will be made available on the website Reports | Infortar.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    • 2024_majandusaasta aruanne ENG
    • AS Infortar 2024 audit

    The MIL Network –

    April 29, 2025
  • MIL-OSI: MEXC Announces the Listing of MilkyWay (MILK) with 448,000 MILK and 50,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 28, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announces the upcoming listing of MilkyWay (MILK) on April 29, 2025 (UTC). To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 448,000 MILK and 50,000 USDT for both new and existing users.

    MilkyWay is a next-generation restaking protocol addressing security fragmentation across modular blockchains. As a liquid staking solution within the Celestia ecosystem and the leading restake protocol under Initia, it allows staked assets to secure multiple chains while improving capital efficiency through liquid staking (milkTIA) and AVS integration. It is currently integrated with over 10 DeFi protocols, including Osmosis, Levana, and Mars, offering users services such as trading, leverage, lending, and yield farming.MilkyWay’s TVL currently reaches $190 million.

    $MILK is the governance token of the MilkyWay ecosystem. Holders can stake to support network security, vote on proposals, and earn rewards through staking, liquidity incentives, and ecosystem growth. 10% of the total supply is airdropped to Celestia TIA stakers as a tribute to early supporters.

    To celebrate the listing, MEXC will launch an Airdrop+ event from April 28, 2025, 13:00 to May 8, 2025, 10:00 (UTC). The event includes the following benefits:
    Benefit 1: Deposit and share 336,000 MILK (New user exclusive)
    Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
    Benefit 3: Invite new users and share 112,000 MILK (For all users)

    The listing of MilkyWay (MILK) is just the latest example of MEXC’s dedication to bringing the most innovative and timely assets to its platform. According to the latest TokenInsight report, from November 1, 2024, to February 15, 2025, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, visit here.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 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

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    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/73192371-340b-4487-b735-2023126ae5f7

    The MIL Network –

    April 29, 2025
  • MIL-OSI: Champion Safe Company Wraps Up a Strong Showing at the 154th NRA Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    PROVO, UT, April 28, 2025 (GLOBE NEWSWIRE) — Champion Safe Company, a leading manufacturer of premium safes and wholly-owned subsidiary of American Rebel Holdings, Inc. (NASDAQ: AREB), America’s Patriotic Brand (americanrebel.com), is proud to announce a strong and successful presence at the 154th NRA Annual Meetings & Exhibits held this past weekend in Atlanta, Georgia. Champion’s booth saw steady traffic and enthusiastic interest from NRA members passionate about protecting their firearms, their families, and their Second Amendment rights.

    “Our team was energized by the incredible passion and patriotism of the NRA members we met in Atlanta,” said Tom Mihalek, CEO of Champion Safe Company. “It’s clear that Champion’s commitment to building safes with American-made steel and uncompromising strength really resonates with people who care deeply about freedom and security.”

    Throughout the event, attendees explored Champion’s full lineup of gun safes and vault doors, drawn to the company’s reputation for superior strength, fire protection, and craftsmanship. Many took advantage of show specials, and the strong interest in Champion products led to a significant boost to the brand during the weekend.

    “The NRA Annual Meeting is a reminder of why we do what we do,” Mihalek added. “Champion safes are built to protect the rights, values, and possessions that matter most to Americans.”

    Champion Safe Company extends its thanks to the NRA, the City of Atlanta, The Atlanta Safe House and the thousands of attendees who made the 154th Annual Meeting a tremendous success.

    For more information about Champion Safe, visit championsafe.com.

    About Champion Safe Company

    Champion Safe Company has been at the forefront of safe manufacturing for over 25 years, offering a range of high-quality safes designed for ultimate security and fire protection. With a commitment to craftsmanship and innovation, Champion Safes are trusted by homeowners, gun owners, and businesses across the nation.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of the meeting, actual effect of the meeting on sales, margin and profit growth, our ability to effectively execute our business plan, and the Risk Factors contained within AREB’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2023 and Form 10-Q for the nine months ended September 30, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Contact:
    ir@americanrebel.com

    The MIL Network –

    April 29, 2025
  • MIL-OSI Global: Trump administration’s attempt to nix the labor rights of thousands of federal workers on ‘national security’ grounds furthers the GOP’s long-held anti-union agenda

    Source: The Conversation – USA – By Bob Bussel, Professor Emeritus of History and Labor Education, University of Oregon

    Airline passengers wait at a Transportation Security Administration checkpoint before boarding to flights in Denver in 2022. Patrick T. Fallon/AFP via Getty Images

    As the Trump administration seeks to shrink the federal workforce, slash nonmilitary spending and curb opposition to its policies, it is taking steps beyond the firing and furloughing of thousands of government workers.

    The government is also trying to strip hundreds of thousands of federal employees of their right to bargain collectively and have a voice in their conditions of employment.

    Citing “national security” concerns, President Donald Trump issued an executive order on March 27, 2025, that canceled collective bargaining agreements at more than 30 federal agencies, commissions and programs, including the Department of Veterans Affairs, the Environmental Protection Agency, the National Science Foundation and the Food and Drug Administration. A judge temporarily blocked the order’s enforcement on April 25.

    Over three decades of researching American unions, I’ve never witnessed such a sweeping assault on collective bargaining rights, which give workers represented by unions the ability to negotiate with employers about the terms of their employment.

    But advocates of strong labor rights should have known what might be in store given the labor policies recommended by the Heritage Foundation’s Project 2025. That document, which Trump disavowed on the campaign trail in 2024 but has embraced in practice during his second term, questions whether public-sector unions should exist at all.

    Keeping Americans ‘safe’

    The Trump administration’s broad attack on federal workers’ rights arrived less than three weeks after an earlier, similar action by Department of Homeland Security Secretary Kristi Noem.

    On March 7, Noem announced that the government was scrapping collective bargaining rights for all Transportation Security Administration workers, eliminating a 2024 agreement. She cited what she called an “irreconcilable conflict” between union representation for those 47,000 federal workers and national security.

    Only a “flexible, at-will” workforce can possess the “organizational agility” needed to “safeguard our transportation systems and keep Americans safe,” she said. Employers may fire “at-will” workers at their discretion with few limitations.

    Noem’s claim that unions and national security aren’t compatible strikes me as disingenuous.

    Unionized workforces have displayed in recent history both patriotism and dedication in their efforts to keep Americans safe. Unionized firefighters, police officers and other first responders rushed to the World Trade Center attempting to rescue those trapped inside on 9/11, for example.

    Similarly, many unionized public-sector workers risked their health during the toxic cleanup that followed the terrorist attacks.

    It is also worth noting that veterans comprise approximately 30% of the federal workforce. Their history of military service attests, I would argue, to their clear record of demonstrating loyalty and patriotism.

    To my eye, the argument that federal workers belonging to unions compromises national security appears to be more rooted in ideology than evidence.

    Demonstrators rally in support of federal workers outside the Department of Health and Human Services on Feb. 14, 2025, in Washington.
    AP Photo/Mark Schiefelbein

    TSA as a case study

    The TSA emerged as part of President George W. Bush’s administration’s response to the 9/11 attacks in 2001; it designated newly hired airport security officers as federal employees.

    At the time, Bush insisted that TSA security officers should not belong to a union. He invoked national security concerns, arguing that union representation would undercut the “culture of urgency” needed to wage the “war on terrorism.”

    TSA employees finally gained collective bargaining rights during the Obama administration when they joined the American Federation of Government Employees in 2011.

    But after joining a union, TSA workers were still paid less than most federal employees. And they still couldn’t appeal disciplinary cases outside of TSA’s authority to the external board used by other federal employees that they viewed as more impartial.

    However, in recent years, TSA workers have obtained wage increases and stronger rights of appeal, along with other advances contained in a 2024
    collective bargaining agreement that the American Federation of Government Employees described as “groundbreaking.” These gains included uniform allowances, greater input on safety concerns and a pledge to examine expanded child care options.

    Now, the union has sued Noem, another Trump administration official and the TSA itself to block the administration’s rollback of these workers’ rights and protect their 2024 contract.

    JFK empowered federal workers

    Federal employees had historically organized unions to advocate and lobby for their interests.

    However, these unions lacked the formal ability to negotiate with the federal government in a collective bargaining process where, as labor scholar Robert Repas has explained, “decisions are made jointly, rather than unilaterally,” or ultimately at managerial discretion.

    Their members did not gain collective bargaining rights until 1962 when President John F. Kennedy issued an executive order making that possible. Kennedy’s action reflected the view that government employees should not be denied basic union rights enjoyed by their private sector counterparts.

    Acknowledging concerns that union rights might limit the ability to exercise centralized command and control, Kennedy’s directive exempted the FBI, CIA and other agencies charged with national security functions from collective bargaining.

    Federal employees covered by the 1962 executive order were also barred from striking. They could not negotiate over wages and benefits; power to make these decisions remained in the hands of Congress.

    In 1978, Congress passed the Civil Service Reform Act, which expanded the right of federal employees to collectively bargain for better working conditions, which its authors said were “in the public interest.” This law created an authority to oversee federal labor relations and established an appeals board to adjudicate worker grievances.

    Although federal employees did not enjoy as many rights as most union members in the private sector, they did gain a stronger voice in determining their working conditions and accessing grievance procedures to address workplace issues and concerns.

    Reagan and the air traffic controllers union

    Three years later, however, President Ronald Reagan fired over 11,000 air traffic controllers who had gone on strike, even though they lacked the right to do so. The Federal Labor Relations Authority subsequently decertified their union, the Professional Air Traffic Controllers Organization – known as PATCO.

    The strike’s failure seriously diminished the economic and political leverage of all U.S. unions for years. Membership in private-sector unions has declined sharply, while public-sector union membership remained relatively stable at about 1 in 3 workers. Overall, just under 10% of U.S. workers belonged to a union in 2024.

    Besides seriously diminishing the labor movement’s power and influence, the PATCO strike also had important political consequences. In his book about this labor dispute, historian Joseph McCartin wrote that crushing the PATCO strike led the Republican Party “in the direction of an unambiguous antiunionism” and a heightened antipathy toward unions in the public sector.

    Members of PATCO, the air traffic controllers union, hold hands and raise their arms during a strike in 1981.
    Bettmann/Getty Images

    Long-term goal

    The White House’s attack on federal unions represents an attempt to fulfill a longtime ambition of conservative activists.

    Executive orders, which can be rescinded by any president, lack the power of laws.

    But Sens. Mike Lee of Utah and Marsha Blackburn of Tennessee, both Republicans, introduced a bill in March that would enshrine Trump’s executive order in law. If that bill were to become law, it would “end federal labor unions and immediately terminate their collective bargaining agreements,” Lee and Blackburn have said.

    Meanwhile, eight House Republicans have asked the president to reverse course on collective bargaining rights, as have all House Democrats. A bipartisan group of senators has made a similar request.

    As the courts make their determinations and political opposition gathers, the American public has, I believe, an important question to answer. Is the spirit of the Civil Service Reform Act of 1978 – that “labor organizations and collective bargaining in the civil service are in the public interest” – worth upholding?

    This question warrants careful consideration and scrutiny. How the courts, Congress and the public respond will have enormous consequences for federal workers and the future of the union movement and the state of American democracy.

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

    – ref. Trump administration’s attempt to nix the labor rights of thousands of federal workers on ‘national security’ grounds furthers the GOP’s long-held anti-union agenda – https://theconversation.com/trump-administrations-attempt-to-nix-the-labor-rights-of-thousands-of-federal-workers-on-national-security-grounds-furthers-the-gops-long-held-anti-union-agenda-252347

    MIL OSI – Global Reports –

    April 29, 2025
  • MIL-OSI Global: Pope Francis filled the College of Cardinals with a diverse group of men – and they’ll be picking his successor

    Source: The Conversation – USA – By Joanne M. Pierce, Professor Emerita of Religious Studies, College of the Holy Cross

    The Catholic Church’s 115 cardinal-electors take part in a mass in St. Peter’s Basilica on March 12, 2013, ahead of entering the conclave for a papal election. Michael Kappeler/picture alliance via Getty Images

    Following the death of 88-year-old Pope Francis on Easter Monday, several cardinals who were already in Rome, or who traveled only short distances to arrive, held the first of several meetings – general congregations – to discuss preparations for the papal funeral and the election to follow.

    The College of Cardinals – which will elect the next pope – has 252 members, but only 135 can vote. Only those younger than 80 as of the day of a pope’s death may cast a ballot. Theoretically, church law allows the College of Cardinals to elect any Catholic man in the world to become the next pope – but in reality, as has been the case for more than 600 years, one of those cardinal-electors will almost certainly be Francis’ successor.

    As a specialist on medieval Catholicism and worship, I have studied how the role of cardinals has developed over time and how it has changed in the 20th and 21st centuries.

    How role of cardinals evolved

    During the early centuries of Christianity, three classes of ordained minsters came about to lead and serve Christian communities: bishops, priests and deacons.

    Bishops supervised local church communities and presided at liturgical ceremonies in the main churches – cathedrals. Priests advised the bishops and led individual communities – parishes. Deacons tended to the needs of the poor, widows and orphans and took care of community finances. They also had a special role during some worship services and often acted as the bishop’s secretaries.

    Over time, seven of these deacons in key Roman churches served as special advisers to the bishop of Rome, the pope. They came to be called cardinals, from Latin “cardo” – meaning hinge – and “cardinalis” meaning key or principal. Later popes would choose priests and bishops to be cardinals as well.

    Electing the pope

    In the earlier centuries, popes would be elected by the clergy and people of the city of Rome. As time went on, these elections could be manipulated by local civic leaders, wealthy families and political leaders outside of Rome and Italy.

    It was not until the 11th century that Pope Nicholas II formulated a process for selecting a new pope: election by an assembly of cardinals. However, it was not always possible for all the cardinals – known as the College of Cardinals – to come together, due to age, illness or distance. Those who had to travel long distances might arrive too late to vote.

    In order to avoid continued outside interference, Pope Gregory X in the 13th century adopted a new procedure: the conclave. Cardinals would remain in a locked location – from the Latin cum clave, “with a key” – in isolation from outside influences until the election concluded.

    The rules governing the conclave changed slightly over the years. The leader of the College of Cardinals is called the dean of the college. Over the centuries, his duties have come to include organizing the conclave, assisted by other Vatican officials. The size of the college has also varied over time but has steadily increased despite efforts to limit its size.

    Starting in the 19th century, popes began expanding the size and geography of the college. Once dominated by European and especially Italian cardinals, popes began to choose new cardinals from different areas of the globe. For example, the first cardinals born in North America were named: John McClosky, archbishop of New York, was named cardinal in 1875; James Gibbons, archbishop of Baltimore in 1886, and Elzéar-Alexandre Taschereau, archbishop of Quebec, also in 1886.

    The College of Cardinals receives final instructions from the Grand Marshal before adjourning to the Sistine Chapel to begin voting for a new pope in 1922.
    Bettmann via Getty Images

    The expansion of the college gathered momentum in the mid-20th century. The first native-born bishops from Asia were named at this time – for example, from China in 1946, Japan and the Philippines in 1960, and Sri Lanka in 1965. The first native-born cardinals of both Mexico and Uruguay were named in 1958, and the first native-born African of modern times, from Tanzania, was named in 1960. Popes continued this trend through the later 20th and early 21st centuries.

    Different visions

    By the time of his death, Francis had named a large number of new, non-European cardinals, especially from the Global South, where Catholicism is expanding. Currently, out of a total of 252 cardinals, 138 are non-European. Importantly, out of a total 135 cardinals eligible to vote, 82 are not from Europe, which makes a record number of non-Europeans eligible to vote.

    In addition, at this conclave, 80% of the cardinal-electors have been named by Francis: that is 108 cardinals out of 135. This is an overwhelming number, representing a wide variety of Catholic communities from several different cultures. A new pope must be elected with a two-thirds majority of the votes: a total of 90 votes. If no candidate receives 90 votes, balloting continues as scheduled.

    As I see it, there are several issues likely to arise and influence the vote for the upcoming election. Some of the cardinal-electors may want to choose a cardinal with more progressive views. But other cardinals, even if chosen by Francis, still might prefer to choose a more conservative candidate, to moderate what they see as the progressive agenda of the past 12 years. Their appointment by Francis doesn’t mean that they automatically agree with all of his ideas.

    In addition, specific issues facing the church will also shape opinions. Perhaps the most important include dealing with the scandal of clergy sexual abuse cases; the role of women in the church; and the treatment of immigrants and other instances of economic and social injustice.

    Catholics around the world will be praying for the Holy Spirit to guide the hearts and minds of the cardinals as they fill out their ballots. Many will hope for a pope as inspiring as his predecessor, one who can face the challenging problems of an increasingly complex world.

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

    – ref. Pope Francis filled the College of Cardinals with a diverse group of men – and they’ll be picking his successor – https://theconversation.com/pope-francis-filled-the-college-of-cardinals-with-a-diverse-group-of-men-and-theyll-be-picking-his-successor-254976

    MIL OSI – Global Reports –

    April 29, 2025
  • MIL-OSI: IDEX Biometrics ASA: Registration of share capital increase – 28 April 2025

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the announcement by IDEX Biometrics ASA (the “Company”) on 11 March 2025 regarding a loan financing of NOK 30 million and a proposed debt conversion of the loan. Reference is also made to the announcement on 11 April 2025 regarding the resolution by the Extraordinary General Meeting to carry out the debt conversion by issuance of a total of 3,000,000,000 new shares in the Company.

    The share capital increase by debt conversion has duly been registered in the Norwegian Register of Business Enterprises. Following the share capital increase, the Company’s share capital is NOK 38,315,942.32 divided into 3,831,594,232 shares, each with a nominal value of NOK 0.01.

    For further information, please contact:

    Kristian Flaten, CFO, Tel: +47 95092322

    E-mail: ir@idexbiometrics.com

    About IDEX Biometrics:

    IDEX Biometrics ASA (IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com  

    About this notice:

    This notice was published by Kristian Flaten, CFO, 28 April 2025 at 14:30 CET on behalf of IDEX Biometrics ASA.  This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.

    The MIL Network –

    April 29, 2025
  • MIL-OSI: Endeavor Bancorp Reports Net Income of $1.4 Million for the First Quarter of 2025; Highlighted by Loan and Deposit Growth and Net Interest Margin Expansion

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 28, 2025 (GLOBE NEWSWIRE) — Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today reported net income of $1.36 million, or $0.32 per diluted share, for the first quarter of 2025, compared to net income of $1.08 million, or $0.25 per diluted share, for the fourth quarter of 2024, and $407,000, or $0.10 per diluted share, for the first quarter of 2024. First Quarter 2025 financial results are unaudited.

    Results for the first quarter of 2025 included a $385,000 provision for credit losses, compared to a $374,000 provision for credit losses in the fourth quarter of 2024, and a $450,000 provision for credit losses in the first quarter of 2024. Excluding taxes and loan loss provisions, the Company’s pretax, pre-provision net income increased to $2.33 million in the first quarter of 2025, compared to $1.93 million in the preceding quarter and $1.04 million in the first quarter of 2024.

    “Endeavor’s first quarter performance marks a great start to the year, underscoring our continued commitment to delivering value to our shareholders and the businesses we serve,” stated Julie Glance, CFO. “We allocated significant resources toward growing the company and expanding our team in 2024, and our first quarter operating results demonstrate the positive impact of these investments on our earnings. We experienced meaningful growth in both loans and deposits, coupled with continued margin expansion. Net loans increased 4.6% during the quarter and 34.9% year-over-year. Additionally, total deposits grew nicely during the quarter, increasing 4.2% compared to the prior quarter end and 27.2% over the prior year. For a community bank like Endeavor, deposits are the most integral component in keeping our balance sheet healthy and keeping us lending to our business clients. We will continue to focus on deposit gathering in the year ahead, with an emphasis on bringing in full client relationships to grow our core deposit base.”

    Income Statement 
    Strong first quarter earnings were driven by loan growth and earning asset rates. Total interest income on loans and bank deposits and investments was $11.1 million, an increase of $365,000 compared to the preceding quarter, while total interest expenses decreased $130,000 during the same timeframe. Net interest income was $7.0 million in the first quarter of 2025, which was an increase of $495,000, or 7.6% compared to the preceding quarter and a 39.5% increase compared to the first quarter of 2024.

    “The 15-basis point increase in our net interest margin during the first quarter of 2025, compared to the prior quarter, was primarily the result of strong loan growth, in addition to improving funding costs,” said Dan Yates, CEO. “In the current rate environment, we continue to actively manage our asset-liability mix to protect our net interest margin, while ensuring competitive loan and deposit pricing across our portfolio.”

    The Company’s net interest margin increased 15 basis points to 4.12% in the first quarter of 2025 compared to 3.97% in the fourth quarter of 2024 and increased 44 basis points compared to 3.68% in the first quarter of 2024. The yield on total earning assets remained strong, decreasing only 2 basis points during the first quarter of 2025 to 6.52%, compared to 6.54% in the preceding quarter, and up from 6.23% in the first quarter of 2024. The cost of deposits decreased to 2.58% in the first quarter, compared to 2.76% in the fourth quarter, and unchanged from 2.76% in the first quarter of 2024.

    Non-Interest income was $183,000 in the first quarter of 2025, an increase of $23,000 or 14% compared to the fourth quarter of 2024, and a slight increase compared to $151,000 in the first quarter of 2024.

    Non-Interest expense was $4.86 million in the first quarter of 2025, an increase of $112,000 compared to the fourth quarter of 2024, and an increase of $725,000 compared to the first quarter of 2024. The higher expenses year-over-year were largely due to strategic investment in staff throughout 2024. “During 2024, Endeavor made significant investments in our team, increasing headcount by over 30%. These investments are now yielding results, as revenue growth driven by our expanded capabilities has more than offset the increase in expenses this quarter. The strong improvement in the efficiency ratio is also evidence that the 2024 additional hires are now fully engaged and productive driving the efficiency ratio from 79.9% in first quarter 2024, to 71.2% in fourth quarter 2024, to 67.6% in first quarter 2025. We have fewer new hires planned for 2025, and as we continue to leverage our expanded team we are well positioned for additional earnings growth throughout the remainder of the year,” said Yates.

    A significant portion of the annual board compensation will be paid in the second quarter of 2025 in contrast to 2024 in which the compensation was $312,000 in the first quarter. Adjusting the first quarter 2025 net income for the timing of board compensation and the annual expense for a contract negotiation, net income would have been reduced to $1.2 million in first quarter 2025.

    The Company’s annualized return on average equity for the first quarter of 2025 was 11.68%, compared to 9.35% in the fourth quarter of 2024 and 3.79% in the first quarter of 2024. The annualized return on average assets for the first quarter of 2025 was 0.79% compared to 0.65% in the fourth quarter of 2024 and 0.29% in the first quarter of 2024.

    Balance Sheet 
    Total assets increased by $26.2 million, or 3.9%, during the first quarter of 2025 to $704.6 million at March 31, 2025, compared to $678.3 million at December 31, 2024, and increased $138.7 million, or 24.5%, compared to March 31, 2024. Balance sheet liquidity remains strong with cash balances of $80.9 million, which represents 11.5% of total assets as of March 31, 2025. The Company’s bond portfolio increased $609,000 during the first quarter of 2025 to $26.4 million as of March 31, 2025, representing 3.7% of total assets. Total available borrowing capacity through the Federal Home Loan Bank and the Federal Reserve discount window totaled $210.0 million as of quarter end.

    “Our results for the first quarter emphasized the effort of our strong, experienced team, and our commitment to expanding our brand of business banking, which includes growing both sides of the balance sheet while maintaining strong credit quality,” said Steve Sefton, President. “Loan growth and new loan originations remained strong during the first quarter of 2025, as we continue to seek out high quality lending opportunities in our markets.”

    Total loans outstanding increased $26.0 million, or 4.6%, during the first quarter of 2025 to $597.8 million at March 31, 2025, compared to $571.8 million three months earlier, and increased $154.6 million, or 34.9%, when compared to $443.2 million a year earlier. Total non-performing loans decreased to 0.40% of the total loan portfolio as of March 31, 2025, compared to 0.46% in the prior quarter. The Company had no net charge offs during the first quarter of 2025, or in the prior quarter.

    Total deposits increased $24.9 million, or 4.1%, during the quarter to $626.2 million at March 31, 2025, compared to $601.2 million three months earlier, and increased $134.0 million, up 27.2% when compared to $492.2 million a year earlier. The loan to deposit ratio was 95.5% at March 31, 2025, compared to 95.1% at December 31, 2024, and 90.1% as of March 31, 2024.

    As a result of its participation in a reciprocal deposit placement network, the Bank accepted “reciprocal” deposits from other institutions, enabling the Bank to offer customers FDIC insurance on accounts in excess of the typical $250,000 FDIC insurance limit. Although the reciprocal deposits maintained through the network are core deposits seeking FDIC insurance, the FDIC rules indicate that reciprocal deposits aggregating over 20% of total liabilities are classified as deposits obtained by or through a deposit broker. The total reciprocal deposits reported as brokered deposits were $82.6 million at March 31, 2025, and $113.7 million as of December 31, 2024. To support strong loan growth, the Company is utilizing a conservative amount of wholesale deposits. As of March 31, 2025, total wholesale deposits, excluding the reciprocal deposits, was $60.2 million, representing 8.9% of total deposits compared to $60.7 million, or 10.1% of total deposits as of December 31, 2024.

    Shareholders’ equity was $47.7 million at March 31, 2025, compared to $46.0 million at December 31, 2024, and $42.5 million at March 31, 2024. Tangible book value per share increased to $13.49 at March 31, 2025, compared to $13.20 three months earlier and $12.64 a year earlier.

    Capital 
    The Bank’s Tier 1 leverage ratio was 10.57% as of March 31, 2025, compared to 10.90% at December 31, 2024. The Tier 1 risk-based capital ratio was 10.47% as of March 31, 2025, compared to 10.71% on December 31, 2024, and the Total risk-based capital ratio was 11.65% compared to 11.90% three months earlier, all of which were well above regulatory minimums.

    About Endeavor Bancorp 
    Endeavor Bancorp, the holding company for Endeavor Bank, is primarily owned and operated by Southern Californians for Southern California businesses and their owners. The bank’s focus is local: local decision-making, local board, local founders, local owners, and relationships with local clients in Southern California.

    Headquartered in downtown San Diego in the Symphony Towers building, the Bank also operates a loan production and executive administration office in Carlsbad and a branch office in La Mesa. Endeavor Bank provides traditional business banking services across a broad spectrum of industries and specialties. Unique to the bank is its consultative banking approach that partners our business clients with Endeavor Bank’s senior management. Together, we build strategies and provide resources that solve problems, plan for the future, and help clients’ efforts to grow revenues and profits. Endeavor Bancorp trades on the OTCQX® Best Market under the symbol “EDVR.” Visit www.endeavor.bank for more information.

    Endeavor Bank is rated by Bauer Financial as Five-Star “Superior” for strong financial performance, the top rating given by the independent bank rating firm. DepositAccounts.com awarded Endeavor Bank an A rating.

    EDVR Shareholders 
    With many of our shareholders transferring their EDVR shares to their brokerage companies, along with ongoing trading taking place, Bancorp may not have the most current shareholder contact information. If you are an EDVR shareholder and would like to receive information via a more timely method, please complete the Shareholder Communication Preference Form on our website: https://www.bankendeavor.com/investor-relations so we can keep you updated on EDVR news, and invite you to various shareholder networking events throughout the year. 

    Forward-Looking Statements 
    This press release includes “forward-looking statements,” as such term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current beliefs of the Company’s directors and executive officers (collectively, “Management”), as well as assumptions made by and information currently available to the Company’s Management. All statements regarding the Company’s business strategy and plans and objectives of Management of the Company for future operations, are forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect” and “intend” and words or phrases of similar meaning, as they relate to the Company or the Company’s Management, are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s expectations (“cautionary statements”) are loan losses, rapid and unanticipated deposit withdrawals, unavailability of sources of liquidity, additional regulatory requirements that may be imposed on community banks or banks generally, changes in interest rates, loss of key personnel, lower lending limits and capital than competitors, regulatory restrictions and oversight of the Company, the secure and effective implementation of technology, risks related to the local and national economy, the effect on customers, collateral value and property insurance markets of the recent wildfires in the Los Angeles metropolitan area and similar events in the future, changes in real estate values, the Company’s implementation of its business plans and management of growth, loan performance, interest rates, and regulatory matters, the effects of trade, monetary and fiscal policies, inflation, and changes in accounting policies and practices. Based upon changing conditions, if any one or more of these risks or uncertainties materialize, or if any underlying assumptions prove incorrect, actual results may vary materially from those described as anticipated, believed, estimated, expected, or intended. The Company does not intend to update these forward-looking statements.

               
    SELECTED FINANCIAL DATA
    (In thousands of dollars, except for ratios and per share amounts)
    Unaudited
              Three Months Ended        
        March 31, 2025 December 31, 2024   March 31, 2024
        (Consolidated) (Consolidated)   (Consolidated)
    SUMMARY OF OPERATIONS          
    Interest income   $ 11,119   $ 10,754     $ 8,516  
    Interest expense     4,106     4,236       3,488  
    Net interest income     7,013     6,518       5,029  
    Provision for credit losses     385     374       450  
    Net interest income after loss provision     6,628     6,144       4,580  
    Non-interest income     183     160       151  
    Non-interest expense     4,864     4,752       4,139  
    Income before tax     1,947     1,552       591  
    Federal income tax expense     372     296       117  
    State income tax expense     214     171       66  
    Net income   $ 1,361   $ 1,084     $ 407  
               
    Core pretax earnings*   $ 2,332   $ 1,926     $ 1,041  
    *excludes taxes and provision for loan losses              
               
    PER COMMON SHARE DATA          
    Number of shares outstanding (000s)*     3,503     3,494       3,422  
    *Adjusted for May 2024 Stock Dividend          
    Earnings per share, basic   $ 0.39   $ 0.31     $ 0.12  
    Earnings per share, diluted   $ 0.32   $ 0.25     $ 0.10  
    Book Value per share   $ 13.61   $ 13.17     $ 12.43  
               
    BALANCE SHEET DATA          
    Assets   $ 704,564   $ 678,332     $ 565,881  
    Investments securities     26,385     25,777       13,432  
    Total loans, net of unearned income     597,846     571,817       443,203  
    Total deposits     626,165     601,219       492,169  
    Borrowings     26,721     26,697       27,090  
    Shareholders’ equity     47,667     46,009       42,526  
    Loan to Deposit ratio     95.48 %   95.11 %     90.05 %
    Wholesale Deposits to Total Deposits     8.90 %   10.10 %    
               
    AVERAGE BALANCE SHEET DATA          
    Average assets   $ 697,617   $ 660,748     $ 557,691  
    Average total loans, net of unearned income     589,037     549,340       434,999  
    Average total deposits     618,844     582,583       514,445  
    Average shareholders’ equity     47,256     46,117       43,247  
               
    ASSET QUALITY RATIOS          
    Net (charge-offs) recoveries   $ –   $ –     $ –  
    Net (charge-offs) recoveries to average loans     0.00 %   0.00 %     0.74 %
    Non-performing loans as a % of loans     0.40 %   0.46 %     0.07 %
    Non-performing assets as a % of assets     0.34 %   0.38 %     0.05 %
    Allowance for loan losses as a % of total loans     1.36 %   1.37 %     1.45 %
    Non-performing assets as a % of allowance for loan losses     29.60 %   33.27 %     4.66 %
               
    FINANCIAL RATIOSSTATISTICS          
    Annualized return on average equity     11.68 %   9.35 %     3.79 %
    Annualized return on average assets     0.79 %   0.65 %     0.29 %
    Net interest margin     4.12 %   3.97 %     3.68 %
    Efficiency ratio     67.59 %   71.17 %     79.91 %
               
    CAPITAL RATIOS          
    Tier 1 leverage ratio — Bank     10.57 %   10.90 %     12.18 %
    Common equity tier 1 ratio — Bank     10.47 %   10.71 %     12.49 %
    Tier 1 risk-based capital ratio — Bank     10.47 %   10.71 %     12.49 %
    Total risk-based capital ratio –Bank     11.65 %   11.90 %     13.69 %
               
    TCE/TA *     6.77 %   6.78 %     7.52 %
    Tangible Book Value per Share   $ 13.49   $ 13.20     $ 12.64  
               
    *Non-GAAP financial measure.          
    Unaudited financials 2025          
               

    Endeavor Bancorp Contact Information:  
    (858) 230.5185  
    Dan Yates, CEO  
    dyates@bankendeavor.com   
      
    (858) 230.4243  
    Steve Sefton, President  
    ssefton@bankendeavor.com

    The MIL Network –

    April 29, 2025
  • MIL-OSI Economics: BSTDB Discloses Environmental and Social Information of Public Interest on the Antalya–Alanya Motorway Project in Türkiye

    Source: Black Sea Trade and Development Bank

    News | 27-Apr-2025

    Environmental and Social information for public review  

     BSTDB has publicly disclosed environmental and social information related to the Antalya–Alanya Motorway Project in Türkiye. In line with the Bank’s policies, such information is made available at least 60 calendar days prior to the submission of public sector projects to the Board of Directors for consideration. This disclosure enables stakeholders who may be directly or indirectly affected by the project to review the materials, submit enquiries, and provide comments.

    MIL OSI Economics –

    April 29, 2025
  • MIL-OSI: Sunrun Installs Solar Projects at Three Affordable Apartment Communities in Southern California, Providing Energy Bill Savings to 800 Renters

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 28, 2025 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced three new solar installations at affordable apartment communities in Orange County, California. Collectively, the new rooftop solar projects will provide monthly utility bill savings to approximately 800 low-income residents.

    Sunrun installed the solar systems in partnership with affordable housing providers at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms apartment complexes. In total, the systems will provide 748 kilowatts of electricity, offsetting approximately 80% to 90% of the communities’ energy usage. All three projects are located in California’s 40th Congressional District, which U.S. Rep. Young Kim represents.

    “Rooftop solar energy in affordable housing communities I represent lowers utility bills for hardworking families struggling with rising living costs, creates local jobs here at home, and promotes U.S. energy dominance around the world,” said Rep. Young Kim. “I appreciate Sunrun’s work in our Southern California communities and will keep doing all I can to make life more affordable.”

    To commemorate the three projects, Sunrun executives joined Rep. Kim, other state and county elected officials, and Eden Housing’s CEO for a ribbon cutting event at the recently completed 1,120 solar panel installation at Arroyo Vista apartment complex in Mission Viejo.

    “We are so proud to be cutting energy bills for hundreds of hard-working residents in Southern California,” said Sunrun President and Chief Revenue Officer Paul Dickson. “This project is another example of how Sunrun is making solar energy—and the resulting savings—available to homeowners and renters of all income levels.”

    Through virtual net metering, each of the 156 apartment homes at Arroyo Vista is receiving approximately $60 in monthly energy bill savings.

    “Affordable housing is deeply needed in this part of Southern California and we are grateful to partner with Sunrun to make Arroyo Vista even more affordable for our residents through energy bill savings,” said Linda Mandolini, president and CEO of Eden Housing. “Supporting clean energy while also helping families stretch their hard-earned dollars is a win-win collaboration for our communities.”

    Due to energy inflation and three years of approved utility rate hikes for San Diego Gas & Electric, Arroyo Vista residents will likely save even more over time. Over the next 20 years, Sunrun’s solar installation at Arroyo Vista is projected to collectively save the low-income renters over $3.5 million on their electric bills.

    “When you’re on a fixed income, every penny counts, which is why I was especially happy to see the $60 savings on my power bill each month,” said Arroyo Vista resident Lametrius Freeman. “It feels great to be saving money and helping the environment at the same time. We’re grateful that Eden Housing and Sunrun made it possible.”

    The solar installation at the Villa Plumosa apartment complex, located in Yorba Linda, is also completed and operating, providing 76 affordable apartment homes with nearly $60 in monthly energy bill savings through virtual net metering. The new solar project at nearby Yorba Linda Palms will be operational this summer and will provide the complex’s 44 affordable apartment homes with over $75 in monthly energy savings.

    The projects participated in the state’s Solar On Multifamily Affordable Housing (SOMAH) program and the Low-Income Communities Investment Tax Credit (ITC) program, allowing residents to enjoy the benefits of solar energy at no cost to them. State funding for the three projects comes from polluters who purchase greenhouse gas allowances under the state’s cap-and-trade program.

    “SOMAH projects bring affordable, clean energy to hard working families who need it most, by significantly cutting monthly electricity bills,” said Lawrence Goldenhersh, President of the Center for Sustainable Energy, one of the SOMAH program administrators. “By lowering energy costs, we’re helping parents keep their homes running, care for their children, and protect their family’s health — creating lasting stability and opportunity for communities across California.”

    Sunrun currently serves more than 21,000 households in low-income multifamily properties. The solar projects create economic activity in their respective communities through significant investments at the time of installation, employment, and the ongoing financial benefits provided to renters.

    About Sunrun
    Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at www.sunrun.com.

    Media Contact
    Wyatt Semanek
    Director, Corporate Communications
    press@sunrun.com

    Investor & Analyst Contact
    Patrick Jobin
    SVP, Deputy CFO & Investor Relations Officer
    investors@sunrun.com

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/74b9767f-3acc-44a2-841b-7625790af8f4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2de7b9c4-7029-485a-832b-fe1a7d294364

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c9760a53-6f61-4415-bd86-43cd863e6331

    The MIL Network –

    April 29, 2025
  • MIL-OSI: Northstrive Biosciences Co-Founder Featured on Bear Bull Traders Following Announcement of Positive FDA Response Supporting Submission of IND for EL-22 Phase 2 Clinical Trial

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Northstrive Biosciences Inc. (“Northstrive”), a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), is proud to announce that Co-Founder Deniel Mero was recently featured in an exclusive interview hosted by Bear Bull Traders, a leading global online stock trading community for professional and aspiring traders.

    During the interview, Mr. Mero discussed Northstrive’s recent milestone: receiving preliminary meeting responses from the FDA regarding Northstrive’s nonclinical studies and clinical development plans for EL-22, administered in combination with GLP-1 receptor agonists. EL-22 is leveraging a myostatin-engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists.

    Bear Bull Traders is a respected trading education platform founded by bestselling author Andrew Aziz. Along with its 595,000 YouTube subscribers, Bear Bull Traders has an extensive network of over 7,000 active members and 100,000 newsletter subscribers worldwide, Bear Bull Traders offers a dynamic environment for traders through expert mentorship, live trading rooms, educational courses, and a vibrant, supportive community.

    “We are honored to share our story with the Bear Bull Traders community, that, like Northstrive, is committed to leveraging innovation,” said Deniel Mero, Co-founder of Northstrive Biosciences. “We believe the FDA responses encourage a path forward for filing an IND application to conduct a Phase 2 clinical trial in overweight or obese patients; addressing one of obesity’s biggest unmet needs.”

    The full interview featuring Deniel Mero can be viewed here.

    About Northstrive Biosciences Inc.

    Northstrive Biosciences Inc., a PMGC Holdings Inc. company, is a biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Northstrive’s lead asset, EL-22, leverages an engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit www.northstrivebio.com.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    About Bear Bull Traders

    Bear Bull Traders is an international trading education community founded in 2015 by Andrew Aziz. With over 100,000 members globally, Bear Bull Traders offers comprehensive education, expert mentorship, and community support to empower traders toward success in financial markets.

    Forward-Looking Statements

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    IR Contact:
    IR@pmgcholdings.com

    The MIL Network –

    April 29, 2025
  • MIL-OSI: BitMart Shines at TOKEN2049 Dubai: A Pinnacle Moment of Innovation and Global Impact

    Source: GlobeNewswire (MIL-OSI)

    Dubai, UAE, April 28, 2025 (GLOBE NEWSWIRE) — From April 30 to May 1, 2025, the annual premier event in the crypto and blockchain space, TOKEN2049, will make its grand debut at Madinat Jumeirah in Dubai. As a Platinum Sponsor, BitMart will showcase its innovation and global influence in the Web3 domain through a diverse range of activities, high-level industry participation, and immersive interactive experiences.

    BitMart at the TOKEN2049 Main Venue: Creating New Opportunities for Collaboration

    BitMart warmly invites attendees to visit its booth (P13 and P14) at the TOKEN2049 main venue for in-depth discussions exploring cutting-edge blockchain solutions. This will be a unique opportunity to engage with the BitMart team closely and discuss the future of the industry while uncovering new opportunities for collaboration and ecosystem development. Additionally, booth visitors can look forward to a variety of gifts and exciting on-site giveaways, creating a more interactive and engaging experience.

    Booth Information
    Location: TOKEN2049 Main Venue (Booths P13 & P14)
    Date: April 30 to May 1, 2025

    CEO Keynote Speech: AI Empowering the Future of the Crypto Industry

    On May 1, BitMart Global CEO Nathan Chow will attend TOKEN2049 Dubai and deliver a keynote speech titled “Shaping the Future of Cryptocurrency: AI-Driven Scale and Institutional Trust.” Marking Nathan’s first public speech since joining BitMart, he will share his insights into how artificial intelligence is driving the growth of the cryptocurrency industry.

    WEB3 Night of Convergence: A TOKEN2049 Side Event

    As a pivotal side event of TOKEN2049, BitMart will host the highly anticipated “WEB3 Night of Convergence” themed party on the evening of April 30 at Papa Dubai. This exclusive gathering will bring together global leaders in the blockchain industry, providing a platform for deep communication and collaboration.

    The event will feature a vibrant mix of social networking, captivating DJ sets, and dancer performances, creating an unforgettable industry celebration for attendees. Multiple interactive sessions and exclusive prize giveaways will make the evening exciting and full of surprises. The event is co-hosted by partners such as LF Labs, RaveDAO, XODE Blockchain, DON Coin, and MetaEra, with media support from renowned outlets like ChainCatcher, Odaily, BlockTempo, BlockBeats, ForesightNews, PANews, MPOST, and Blockchain Wire.

    Event Details
    Date: April 30, 2025, 7:00 PM – 11:00 PM
    Location: Papa Dubai
    Registration Link: https://lu.ma/z505zj95

    VIP Night of Excellence · BitMart Exclusive Cocktail Reception

    On the evening of May 1, BitMart will host the VIP Night of Excellence at the iconic Burj Khalifa in Dubai. This high-end luxury event will welcome 100 carefully selected blockchain industry leaders, crypto funds, and founders of top Web3 projects to participate in this extraordinary networking opportunity.

    During the event, BitMart CEO Nathan Chow and other senior executives will be present to share BitMart’s latest strategic plans. Attendees will engage in in-depth discussions on the future of Web3 while enjoying the spectacular night skyline of Dubai.

    Event Details
    Date: May 1, 2025, 7:00 PM – 11:30 PM
    Location: Burj Khalifa, Dubai
    Registration Link: https://lu.ma/gkvkrfb1

    Diverse Collaborative Activities: The Intersection of Web3 Creativity & Culture

    During TOKEN2049, BitMart will also co-host a series of exciting side events with industry partners, such as the “Bull Market Mixer” in collaboration with LF Labs, and the “Ladies Night Desert Music Festival” organized jointly with RaveDAO. These events blend cultural creativity with industry networking, energizing the blockchain ecosystem with fresh enthusiasm.

    Event Details

    “Bull Market Mixer”: Co-hosted with LF Labs
    Registration Link: https://lflabs.fund/bull-market-mixer-token2049-dubai-event/ticket

    “Ladies Night Desert Music Festival”: Co-hosted with RaveDAO
    Registration Link: https://app.plvr.io/events/32

    Leading the Future of the Industry: BitMart’s Strategic Importance at TOKEN2049

    As one of the most prominent exhibitors at TOKEN2049 Dubai, BitMart demonstrates its leadership in advancing the global blockchain ecosystem through its diverse range of activities. From technological innovation to ecosystem optimization, BitMart is dedicated to driving industry growth with tangible actions, building a new framework of collaboration and mutual success.

    Looking forward, BitMart will continue to deepen its presence in global markets and strengthen partnerships within the industry. By fostering innovation and driving the comprehensive development of the Web3 ecosystem, BitMart’s impressive presence at TOKEN2049 marks a new chapter in its journey while promoting deeper global connections and resource sharing. This contribution injects fresh momentum and vitality into the blockchain industry.

    About BitMart
    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer:
    The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

    April 28, 2025
  • MIL-OSI: Roper Technologies announces first quarter financial results

    Source: GlobeNewswire (MIL-OSI)

    SARASOTA, Fla., April 28, 2025 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the first quarter ended March 31, 2025.

    First quarter 2025 highlights

    • Revenue increased 12% to $1.88 billion; acquisition contribution was +8% and organic revenue was +5%
    • GAAP net earnings decreased 13% to $331 million; adjusted net earnings increased 9% to $517 million
    • Adjusted EBITDA increased 9% to $740 million
    • Operating cash flow decreased 1% to $529 million; trailing-twelve-months adjusted operating cash flow increased 12% to $2.39 billion
    • GAAP DEPS decreased 14% to $3.06; adjusted DEPS increased 8% to $4.78

    “Roper had a strong start to 2025 and our enterprise continues to execute at a high level,” said Neil Hunn, Roper’s President and CEO. “Our total revenue growth of 12% was driven by an 8% acquisition contribution and 5% organic growth. Importantly, our trailing-twelve-months free cash flow grew 12% with a 31% free cash flow margin. Last week, we completed the acquisition of CentralReach, a leading provider of cloud-native software enabling the workflow and administration of Applied Behavior Analysis therapy. CentralReach is a terrific business that not only meets each of our historical acquisition criteria but also meets our higher growth and higher return expectations.”

    “Despite an uncertain macroeconomic backdrop, we are increasing our full year outlook. This is underpinned by resilient demand for our mission critical solutions and our expanding recurring revenue base. Additionally, we are well positioned to continue executing our disciplined and process-driven capital deployment strategy, fueled by our significant M&A firepower and a large pipeline of attractive acquisition opportunities. Roper’s durable cash flow compounding model has historically performed well through economic and market cycles, and we expect our resilience will again be demonstrated in the current environment,” concluded Mr. Hunn.

    Increasing 2025 guidance

    Roper now expects full year 2025 adjusted DEPS of $19.80 – $20.05, compared to previous guidance of $19.75 – $20.00. The Company increased its full year total revenue growth outlook to ~12%, compared to a previous outlook of 10%+, and continues to expect organic revenue growth of +6 – 7%.

    For the second quarter of 2025, the Company expects adjusted DEPS of $4.80 – $4.84.

    Roper’s guidance includes the impact of the previously announced acquisition of CentralReach, which closed on April 23, 2025. The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures.

    Conference call to be held at 8:00 AM (ET) today

    A conference call to discuss these results has been scheduled for 8:00 AM ET on Monday, April 28, 2025. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 07867. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 646-517-4150 with access code 07867#.

    Use of non-GAAP financial information

    The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.

    Minority interest

    Following the sale of a majority stake in its industrial businesses to CD&R, Roper holds a minority interest in Indicor. The fair value of Roper’s equity investment in Indicor is updated on a quarterly basis and reported as “equity investments (gain) loss, net.” Roper makes non-GAAP adjustments for the impacts associated with this investment.

    Table 1: Revenue and adjusted EBITDA reconciliation ($M)
      Q1 2024   Q1 2025   V %
    GAAP revenue $ 1,681     $ 1,883     12 %
               
    Components of revenue growth          
    Organic         5 %
    Acquisitions         8 %
    Foreign exchange         — %
    Revenue growth         12 %
               
    Adjusted EBITDA reconciliation          
    GAAP net earnings $ 382     $ 331      
    Taxes   102       87      
    Interest expense   53       63      
    Depreciation   9       9      
    Amortization   185       204      
    EBITDA $ 731     $ 694     (5)%
               
    Transaction-related expenses for completed
    acquisitions
      2       1      
    Financial impacts associated with the minority
    investments in Indicor & Certinia
      (57 )     44   A  
    Adjusted EBITDA $ 676     $ 740     9 %
    Adjusted EBITDA margin   40.2 %     39.3 %   (90 bps)
                       
    Table 2: Adjusted net earnings reconciliation ($M)
      Q1 2024   Q1 2025   V %
    GAAP net earnings $ 382     $ 331   (13)%
    Transaction-related expenses for completed
    acquisitions
      1       1    
    Financial impacts associated with the minority
    investments in Indicor & Certinia
      (48 )     32 A  
    Amortization of acquisition-related intangible
    assets
      141       154 B  
    Adjusted net earnings C $ 476     $ 517   9 %
               
    Table 3: Adjusted DEPS reconciliation
      Q1 2024   Q1 2025   V %
    GAAP DEPS $ 3.54     $ 3.06   (14)%
    Transaction-related expenses for completed
    acquisitions
      0.01       0.01    
    Financial impacts associated with the minority
    investments in Indicor & Certinia
      (0.45 )     0.29 A  
    Amortization of acquisition-related intangible
    assets
      1.31       1.42 B  
    Adjusted DEPSC $ 4.41     $ 4.78   8 %
               
    Table 4: Adjusted cash flow reconciliation ($M)
    (from continuing operations)
       
      Q1 2024   Q1 2025   V %     TTM 2024   TTM 2025   V %
    Operating cash flow $ 531     $ 529     (1)%     $ 2,104     $ 2,390     14 %
    Taxes paid in period
    related to divestiture
      —       —             32       —      
    Adjusted operating cash
    flow
    $ 531     $ 529     (1)%     $ 2,136     $ 2,390     12 %
    Capital expenditures   (9 )     (10 )           (68 )     (66 )    
    Capitalized software
    expenditures
      (10 )     (12 )           (40 )     (48 )    
    Adjusted free cash flow $ 513     $ 507     (1)%     $ 2,029     $ 2,276     12 %
                             
    Table 5: Forecasted adjusted DEPS reconciliation
      Q2 2025   FY 2025
      Low end   High end   Low end   High end
    GAAP DEPS D $ 3.33   $ 3.37   $ 13.72   $ 13.97
    YTD transaction-related expenses for
    completed acquisitions
      —     —     0.01     0.01
    YTD financial impacts associated with the
    minority investment in Indicor A
      —     —     0.29     0.29
    Amortization of acquisition-related
    intangible assets B
      1.47     1.47     5.78     5.78
    Adjusted DEPS C $ 4.80   $ 4.84   $ 19.80   $ 20.05
                   

    Footnotes:

    A. Adjustments related to the financial impacts associated with the minority investment in Indicor as shown below ($M, except per share data). Forecasted results do not include any potential impacts associated with our minority investment in Indicor, as these potential impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods.
                         
        Q1 2025A     Q2 2025E   FY 2025E     YTD 2025A
      Pretax $ 44     TBD   TBD     $ 44
      After-tax $ 32     TBD   TBD     $ 32
      Per share $ 0.29     TBD   TBD     $ 0.29
                         
    B. Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data).
                         
        Q1 2025A     Q2 2025E   FY 2025E      
      Pretax $ 194     $ 202   $ 795      
      After-tax $ 154     $ 160   $ 628      
      Per share $ 1.42     $ 1.47   $ 5.78      
                         
    C. All actual and forecasted non-GAAP adjustments are taxed at 21% with the exception of the financial impacts associated with minority investments.
                         
    D. Forecasted GAAP DEPS do not include any potential impacts associated with our minority investment in Indicor. These impacts will be excluded from all non-GAAP results in future periods.
       

    Note: Numbers may not foot due to rounding.

    About Roper Technologies

    Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

    Contact information:
    Investor Relations
    941-556-2601
    investor-relations@ropertech.com

    The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as “anticipate,” “estimate,” “plans,” “expects,” “projects,” “should,” “will,” “believes,” “intends” and similar words and phrases. These statements reflect management’s current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and rising interest rates, changes in foreign exchange rates, risks related to changing U.S. and foreign trade policies, including increased trade restrictions or tariffs, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of inflation and potential supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

    # # #

    Roper Technologies, Inc.      
    Condensed Consolidated Balance Sheets (unaudited)    
    (Amounts in millions)      
           
      March 31, 2025   December 31, 2024
    ASSETS:      
           
    Cash and cash equivalents $ 372.8     $ 188.2  
    Accounts receivable, net   813.3       885.1  
    Inventories, net   125.5       120.8  
    Income taxes receivable   20.3       25.6  
    Unbilled receivables   135.7       127.3  
    Prepaid expenses and other current assets   237.0       195.7  
    Total current assets   1,704.6       1,542.7  
           
    Property, plant and equipment, net   150.0       149.7  
    Goodwill   19,408.2       19,312.9  
    Other intangible assets, net   8,916.9       9,059.6  
    Deferred taxes   54.7       54.1  
    Equity investment   728.2       772.3  
    Other assets   456.2       443.4  
    Total assets $ 31,418.8     $ 31,334.7  
           
    LIABILITIES AND STOCKHOLDERS’ EQUITY:      
           
    Accounts payable $ 152.8     $ 148.1  
    Accrued compensation   179.1       289.0  
    Deferred revenue   1,667.9       1,737.4  
    Other accrued liabilities   544.5       546.2  
    Income taxes payable   144.3       68.4  
    Current portion of long-term debt, net   999.4       1,043.1  
    Total current liabilities   3,688.0       3,832.2  
           
    Long-term debt, net of current portion   6,457.0       6,579.9  
    Deferred taxes   1,611.6       1,630.6  
    Other liabilities   438.6       424.4  
    Total liabilities   12,195.2       12,467.1  
           
    Common stock   1.1       1.1  
    Additional paid-in capital   3,108.7       3,014.6  
    Retained earnings   16,276.9       16,034.9  
    Accumulated other comprehensive loss   (146.8 )     (166.5 )
    Treasury stock   (16.3 )     (16.5 )
    Total stockholders’ equity   19,223.6       18,867.6  
    Total liabilities and stockholders’ equity $ 31,418.8     $ 31,334.7  
           
    Roper Technologies, Inc.      
    Condensed Consolidated Statements of Earnings (unaudited)      
    (Amounts in millions, except per share data)      
           
      Three months ended
    March 31,
        2025     2024  
    Net revenues $ 1,882.8   $ 1,680.7  
    Cost of sales   589.1     499.7  
    Gross profit   1,293.7     1,181.0  
           
    Selling, general and administrative expenses   767.9     699.7  
    Income from operations   525.8     481.3  
           
    Interest expense, net   62.9     53.2  
    Equity investments (gain) loss, net   44.4     (57.0 )
    Other expense, net   0.5     1.2  
           
    Earnings before income taxes   418.0     483.9  
           
    Income taxes   86.9     101.9  
           
    Net earnings $ 331.1   $ 382.0  
           
    Net earnings per share:      
    Basic $ 3.08   $ 3.57  
    Diluted $ 3.06   $ 3.54  
           
    Weighted average common shares outstanding:      
    Basic   107.4     107.0  
    Diluted   108.2     107.9  
                 
    Roper Technologies, Inc.              
    Selected Segment Financial Data (unaudited)              
    (Amounts in millions; percentages of net revenues)              
                   
      Three months ended March 31,
       2025     2024 
      Amount   %   Amount   %
    Net revenues:              
    Application Software $ 1,068.2       $ 895.2    
    Network Software   375.9         370.8    
    Technology Enabled Products   438.7         414.7    
    Total $ 1,882.8       $ 1,680.7    
                   
                   
    Gross profit:              
    Application Software $ 720.8   67.5 %   $ 625.7   69.9 %
    Network Software   315.6   84.0 %     316.3   85.3 %
    Technology Enabled Products   257.3   58.7 %     239.0   57.6 %
    Total $ 1,293.7   68.7 %   $ 1,181.0   70.3 %
                   
                   
    Operating profit*:              
    Application Software $ 276.8   25.9 %   $ 239.6   26.8 %
    Network Software   166.7   44.3 %     167.0   45.0 %
    Technology Enabled Products   153.6   35.0 %     136.2   32.8 %
    Total $ 597.1   31.7 %   $ 542.8   32.3 %
                   
                   
    * Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $71.3 and $61.5 for the three months ended March 31, 2025 and 2024, respectively.
     
    Roper Technologies, Inc.  
    Condensed Consolidated Statements of Cash Flows (unaudited)
    (Amounts in millions)
      Three months ended
    March 31,
        2025       2024  
    Cash flows from operating activities:      
    Net earnings $ 331.1     $ 382.0  
    Adjustments to reconcile net earnings to cash flows from operating
    activities:
         
    Depreciation and amortization of property, plant and equipment   9.1       9.2  
    Amortization of intangible assets   204.0       185.0  
    Amortization of deferred financing costs   2.8       2.2  
    Non-cash stock compensation   38.8       33.6  
    Equity investments (gain) loss, net   44.4       (57.0 )
    Income tax provision   86.9       101.9  
    Changes in operating assets and liabilities, net of acquired businesses:      
    Accounts receivable   74.4       79.4  
    Unbilled receivables   (7.6 )     (12.2 )
    Inventories   (4.1 )     (7.9 )
    Prepaid expenses and other current assets   (41.3 )     (26.8 )
    Accounts payable   2.9       0.3  
    Other accrued liabilities   (107.4 )     (69.3 )
    Deferred revenue   (70.6 )     (70.5 )
    Cash income taxes paid   (29.1 )     (19.0 )
    Other, net   (5.6 )     0.6  
    Cash provided by operating activities   528.7       531.5  
           
    Cash flows used in investing activities:      
    Acquisitions of businesses, net of cash acquired   (124.9 )     (1,858.7 )
    Capital expenditures   (9.5 )     (9.3 )
    Capitalized software expenditures   (12.4 )     (9.6 )
    Other   —       (1.0 )
    Cash used in investing activities   (146.8 )     (1,878.6 )
           
    Cash flows from (used in) financing activities:      
    Borrowings (payments) under revolving line of credit, net   (125.0 )     1,390.0  
    Cash dividends to stockholders   (88.6 )     (80.5 )
    Proceeds from stock-based compensation, net   42.7       21.7  
    Treasury stock sales   7.2       5.8  
    Other, net   (44.1 )     (0.1 )
    Cash provided by (used in) financing activities   (207.8 )     1,336.9  
           
    Effect of exchange rate changes on cash   10.5       (5.7 )
           
    Net increase (decrease) in cash and cash equivalents   184.6       (15.9 )
           
    Cash and cash equivalents, beginning of period   188.2       214.3  
           
    Cash and cash equivalents, end of period $ 372.8     $ 198.4  
           

    The MIL Network –

    April 28, 2025
  • MIL-OSI Europe: Written question – EU phytosanitary trade regulations on citrus black spot (CBS) and WTO dispute with South Africa – E-001568/2025

    Source: European Parliament

    Question for written answer  E-001568/2025
    to the Commission
    Rule 144
    Fabio De Masi (NI)

    South Africa has initiated a WTO dispute settlement procedure in relation to the EU’s phytosanitary trade regulations regarding CBS. South Africa claims these regulations were primarily intended to shield Spanish and Portuguese producers of citrus fruits from South African competition. While the European Food Safety Authority (EFSA) argued in 2013 that CBS could spread to citrus farms in the EU, scientists from Brazil, Argentina, the US, Uruguay, Australia and South Africa have challenged this assessment. South African producers point out that they have exported citrus fruits to the EU for over 110 years without a single case of CBS transmission, and argue that CBS would be a purely cosmetic issue, affecting only a very small proportion of exported fruit and unable to spread via fruit to other climatic zones.

    Has EFSA submitted any new studies or findings to the WTO since 2013 to support the EU’s position and the 2013 assessment? If so, what information has been communicated?

    Submitted: 17.4.2025

    Last updated: 28 April 2025

    MIL OSI Europe News –

    April 28, 2025
  • MIL-OSI Asia-Pac: APEDA and the Government of Odisha organises Capacity Building Programme to ‘Boost Agricultural Exports from Odisha’ in Bhubaneswar

    Source: Government of India

    APEDA and the Government of Odisha organises Capacity Building Programme to ‘Boost Agricultural Exports from Odisha’ in Bhubaneswar

    GI products like Koraput Kalajeera Rice, Nayagad Kanteimundi, Brinjal, Ganjam Kewda Flower Products, Koraput Coffee and Kandhamal Haldi, showcased at the event

    Posted On: 27 APR 2025 8:09PM by PIB Delhi

    The Agricultural and Processed Food Products Export Development Authority (APEDA) and Government of Odisha organized a Workshop cum Capacity Building Programme to Boost Agri Products’ Exports from Odisha at Dr. M.S. Swaminathan Hall, Odisha University of Agriculture and Technology (OUAT), Bhubaneswar on the 25thApril, 2025.

    The event exhibited over 10 stalls represented by Farmer Producer Organisations (FPO)/ Farmer Producer Companies, women agripreneurs, departments of the Government of Odisha and exporters from all across Odisha. Several GI Tagged and Agri-Products from the state such as Koraput Kalajeera Rice, Nayagad Kanteimundi, Brinjal, Ganjam Kewda Flower Products, Koraput Coffee, Kandhamal Haldi Powder, Kendrapada Rasabali, Salepur Rasagolla, Khajuri Gud, Dhenkanal Magaji Ladoo and Mayurbhanja Kai Chutni were displayed at the University.

    Chief Guest and Deputy Chief Minister and Minister of Agriculture, Government of Odisha, Shri Kanak Bardhan Singh Deo, in his keynote address, highlighted the initiatives of the State Govt. for increasing agricultural exports, particularly of Organic products, from the State. He encouraged exporters to explore the array of products, including GI products from the state for promotion in the global marketplace. He appreciated the active collaboration of APEDA with the State Govt. towards increasing Agricultural exports from the State.

    The event featured three technical sessions focusing on key areas for boosting Odisha’s agricultural exports. The first session addressed the promotion of organic exports under the revised National Programme for Organic Production (NPOP), emphasizing organic certification, value chain development, and market access. The second session discussed strategies to enhance rice exports from Odisha by leveraging unique varieties, improving logistics, and tackling export challenges. The third session explored opportunities for value addition and export promotion of agri-processed and GI-tagged products, with a focus on strengthening logistics, cold chain infrastructure, and market linkages.

    The program witnessed the participation of more than 400 stakeholders including the officials from State Government department, Odisha University of Agriculture and Technology, FPO’s, FPC’s, and progressive farmers.

    On the Sidelines of the event, APEDA being the Secretariat for the National Programme for Organic Production(NPOP) organised a stakeholder interaction with more than 30 Organic grower groups of the State and Organic Certification bodies operating in the State of Odisha. The discussions cantered on the revisions in the NPOP (8th Edition), which was recently launched on 9th January 2025, and clearing doubts and queries of the growers with respect to the new provisions.

    Shri Sukanta Kumar Panigrahi, Member of Parliament and Member, Parliamentary Standing Committee-Agriculture, Animal Husbandry and Food Processing in his address emphasized on ODOP, use of Agri-Infra fund to support agri exports from the state of Odisha. He further emphasized that the dream of Vikshit bharat by 2047 is possible by developing the overall agriculture export ecosystem which will help to gain competitive advantage, drive economic growth, create better jobs, and generate foreign exchange earnings.

    Chairman of APEDA, Shri Abhishek Dev in his welcome address highlighted the export-oriented strategy for agricultural products with special emphasis on organic products. He emphasized on the untapped potential of the State in terms of agriculture exports, particularly in Organic products, owing to huge diversity and quantum of output. He assured that more such programs and export Conclaves will be conducted in future which are highly important paradigms for boosting agricultural exports. He encouraged the FPO’s and FPC’s from the state for participation in key national and international Trade Fairs for market access, promotion and outreach.

    The Workshop cum Capacity Building Programme followed by the Technical Sessions brought together key policymakers and experts from the Union and State governments, Industry and Academia aiming to build a robust export ecosystem in the state in the times to come.

    ***

    Abhishek Dayal/ Abhijith Narayanan

    (Release ID: 2124747) Visitor Counter : 81

    MIL OSI Asia Pacific News –

    April 28, 2025
  • MIL-OSI: BYDFi Lists SIGN/USDT Trading Pair with $5,000 Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 28, 2025 (GLOBE NEWSWIRE) — The global cryptoc exchange BYDFi officially listed the SIGN token and opened trading for the SIGN/USDT spot pair. To celebrate the launch, BYDFi has introduced a $5,000 prize pool, open to all participating traders.

    SIGN: Reinventing Trust in Web3

    Developed by Sign Protocol, SIGN is built on the Ethereum ecosystem and focuses on providing trusted certification infrastructure for Web3. Its core products include Signatures, enabling on-chain agreement signing, and TokenTable, a token distribution management tool. To date, Sign Protocol has supported over 200 projects, generating a cumulative revenue of $15 million.

    The project has also achieved remarkable success in community building, establishing the “Orange Dynasty” — a vibrant community of over 50,000 members — through its unique orange culture and an SBT-based incentive system. Sign Protocol has completed $28 million in financing, backed by leading investors including Sequoia Capital, Animoca Brands, and YZi Labs.

    $SIGN serves as the native token within the Sign ecosystem, playing a vital role in governance, staking, and transaction fee payments, and forming a key pillar of the project’s certification and security system.

    Launch Celebration: $5,000 in Rewards for Traders

    Starting today, users trading SIGN/USDT on BYDFi are eligible to share in the $5,000 prize pool. In addition, new users can participate in an exclusive 8,100 USDT giveaway by completing simple tasks. Full details are available in the official BYDFi announcement.

    About BYDFi

    Since its launch in 2020, BYDFi has served over 1,000,000 users across 190+ countries and regions. Recognized as one of Forbes’ Top 10 Global Crypto Exchanges, BYDFi holds multiple MSB licenses, is a member of the Korea CODE VASP Alliance, and is verified by CoinMarketCap and CoinGecko — consistently maintaining the highest standards of compliance and transparency.

    As an official sponsor of Token2049 Dubai, BYDFi continues to engage with the global Web3 community, bringing users and partners together for offline discussions that are shaping the future of Web3. BYDFi remains committed to delivering a world-class crypto trading experience for every user. BUIDL Your Dream Finance

    • Website: https://www.bydfi.com
    • Support Email: cs@bydfi.com
    • Business Partnerships: bd@bydfi.com
    • Media Inquiries: media@bydfi.com

    Twitter( X )| LinkedIn| Facebook | Telegram| YouTube

    The MIL Network –

    April 28, 2025
  • MIL-OSI United Kingdom: Universal Periodic Review 49: UK Statement on Kyrgyzstan

    Source: United Kingdom – Government Statements

    Speech

    Universal Periodic Review 49: UK Statement on Kyrgyzstan

    Statement by the UK’s Permanent Representative to the WTO and UN, Simon Manley, at Kyrgyzstan’s Universal Periodic Review at the Human Rights Council in Geneva.

    Let me welcome the Minister and his delegation, and salute his government’s efforts to implement the recommendations from its last review. Not least, we commend its efforts on gender equality and welcome their constructive role on this Council.

    Let me also urge his Government to uphold its obligations under the ICCPR and the commitments accepted at its last review.
    We recommend that the Kyrgyz Republic:
     

    1. Ensure the treatment of NGOS is in line with international human rights obligations, and that it removes regulations for NGOS to provide information not stipulated by the ‘Law on Non-Commercial Organisations’.
       
    2. Maintain the National Centre for the Prevention of Torture as an independent and separate National Preventative Mechanism and provide adequate resources to the Centre to continue to effectively carry out its mandate.
       
    3. Adhere to the principles enshrined in the Kyrgyz Constitution by amending the Code of Offences to decriminalise defamation and insult, and instead use civil litigation in line with international human rights obligations.

    Thank you, Mr President.

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom –

    April 28, 2025
  • MIL-OSI Asia-Pac: Hong Kong Customs seizes smuggled goods worth about $4 million (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs seizes smuggled goods worth about $4 million  
    Through intelligence analysis and risk assessment, Customs discovered that criminals intended to use ocean-going vessels to smuggle goods. Enforcement operations were thus formulated, with two suspicious containers scheduled to depart from Hong Kong to Iraq and Malaysia via ocean-going vessels being selected for inspection.
     
    Customs inspected the two abovementioned containers that were declared as carrying shoes, clothes and bags, and metal copper plate and integrated circuit parts on April 11 and 17. Upon examinations, Customs officers found large batches of suspected smuggled goods, including household products, small electrical appliances, kitchenware and printed circuit boards in the containers.

    An investigation is ongoing. The likelihood of arrests is not ruled out.
     
    Being a government department primarily responsible for tackling smuggling activities, Customs has long been combating various smuggling activities on all fronts. Customs will keep up its enforcement action and continue to resolutely combat sea smuggling activities through proactive risk management and intelligence-based enforcement strategies, and carry out targeted anti-smuggling operations at suitable times to disrupt relevant crimes.
     
    Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years upon conviction.
     
    Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 17:16

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    April 28, 2025
  • MIL-OSI Asia-Pac: External merchandise trade statistics for March 2025

    Source: Hong Kong Government special administrative region

    External merchandise trade statistics for March 2025 
         In March 2025, the value of total exports of goods increased by 18.5% over a year earlier to $455.5 billion, after a year-on-year increase by 15.4% in February 2025. Concurrently, the value of imports of goods increased by 16.6% over a year earlier to $500.9 billion in March 2025, after a year-on-year increase by 11.8% in February 2025. A visible trade deficit of $45.4 billion, equivalent to 9.1% of the value of imports of goods, was recorded in March 2025.
     
         For the first quarter of 2025 as a whole, the value of total exports of goods increased by 10.9% over the same period in 2024. Concurrently, the value of imports of goods increased by 9.8%. A visible trade deficit of $80.7 billion, equivalent to 6.4% of the value of imports of goods, was recorded in the first quarter of 2025.
     
         Comparing the first quarter of 2025 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods increased by 12.7%. Meanwhile, the value of imports of goods increased by 9.9%.
     
    Analysis by country/territory
     
         Comparing March 2025 with March 2024, total exports to Asia as a whole grew by 22.4%. In this region, increases were registered in the values of total exports to some major destinations, in particular Taiwan (+61.3%), Malaysia (+57.3%), Vietnam (+41.3%), the Philippines (+34.5%) and the mainland of China (the Mainland) (+25.4%). On the other hand, a decrease was recorded in the value of total exports to Korea (-22.8%).
     
         Apart from destinations in Asia, increases were registered in the values of total exports to some major destinations in other regions, in particular the United Kingdom (+48.5%) and the USA (+11.4%). On the other hand, a decrease was recorded in the value of total exports to the Netherlands (-29.0%).
     
         Over the same period of comparison, increases were registered in the values of imports from some major suppliers, in particular Vietnam (+95.1%), Taiwan (+75.8%), the United Kingdom (+55.6%), Malaysia (+46.9%) and the Mainland (+7.4%). On the other hand, a decrease was recorded in the value of imports from Korea (-21.0%).
     
         For the first quarter of 2025 as a whole, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+69.1%), Taiwan (+40.6%) and the Mainland (+16.2%). On the other hand, decreases were recorded in the values of total exports to the United Arab Emirates (-36.9%) and India (-20.2%).
     
         Over the same period of comparison, increases were registered in the values of imports from some major suppliers, in particular Vietnam (+68.9%), the United Kingdom (+57.4%), Taiwan (+53.9%), Malaysia (+47.6%) and the Mainland (+4.1%). On the other hand, a decrease was recorded in the value of imports from Korea (-23.6%).
     
    Analysis by major commodity
     
         Comparing March 2025 with March 2024, increases were registered in the values of total exports of some principal commodity divisions, in particular “office machines and automatic data processing machines” (by $51.2 billion or +133.5%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $20.8 billion or +11.1%). 
     
         Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular “office machines and automatic data processing machines” (by $44.4 billion or +130.8%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $22.2 billion or +11.5%).
     
         For the first quarter of 2025 as a whole, increases were registered in the values of total exports of some principal commodity divisions, in particular “office machines and automatic data processing machines” (by $86.7 billion or +82.6%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $43.3 billion or +8.6%).  On the other hand, a decrease was registered in the value of total exports of “telecommunications and sound recording and reproducing apparatus and equipment” (by $12.1 billion or -9.0%).
     
         Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular “office machines and automatic data processing machines” (by $74.8 billion or +91.1%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $52.4 billion or +10.6%). On the other hand, a decrease was registered in the value of imports of “non-metallic mineral manufactures” (by $10.0 billion or -24.0%).
     
    Commentary
     
         A Government spokesman said that the value of merchandise exports grew sharply by 18.5% in March over a year earlier.  Exports to the Mainland grew strongly, while those to other major Asian economies showed mixed performance. Exports to the United States increased visibly, and those to the European Union registered a marginal increase.
     
         Looking ahead, global trade tensions have escalated abruptly due to the significant increases in tariffs by the United States in early April. This will pose challenges to Hong Kong’s merchandise trade performance. Nevertheless, the steady growth in the Mainland economy, together with Hong Kong’s proactive efforts in enhancing economic and trade ties with different markets, should help buttress trade performance. The Government has been providing support to enterprises through various measures in coping with the external challenges, and will monitor the situation closely.
     
    Further information
     
         Table 1 presents the analysis of external merchandise trade statistics for March 2025. Table 2 presents the original monthly trade statistics from January 2022 to March 2025, and Table 3 gives the seasonally adjusted series for the same period.
     
         The values of total exports of goods to 10 main destinations for March 2025 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
     
         Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for March 2025.
     
         All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for March 2025 will be released in mid-May 2025.
     
         The March 2025 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in March 2025 and will be available in early May 2025. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230 
         Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).
    Issued at HKT 16:30

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    April 28, 2025
  • MIL-OSI: MEXC DEX+ Unveils Upgrade: One-Click Wallet Access Redefines Web3 Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 28, 2025 (GLOBE NEWSWIRE) — MEXC, a global leader in cryptocurrency trading, has upgraded the feature for MEXC DEX+, enabling users to register and log in seamlessly using external Web3 wallets such as MetaMask, Phantom, Trust Wallet, and TronLink. By leveraging wallet addresses as account identifiers, this innovation eliminates email or phone verification, delivering instant access to a unified CEX-DEX trading experience. Combining the robust liquidity of centralized exchanges (CEX) with the flexibility of decentralized exchanges (DEX), MEXC is redefining Web3 trading, empowering users worldwide to embrace the future of finance.

    Wallet as Identity: Seamless Trading Redefined

    MEXC DEX+’s external wallet registration feature prioritizes user experience, transforming the ease and flexibility of crypto trading. Key highlights include:

    • Sign Up and Trade in Seconds: Connect MetaMask, Phantom, Trust Wallet, or TronLink, sign, and create an MEXC account with a unique on-chain identity in just 3 seconds—no email or phone required.
    • Unified CEX-DEX Experience: Link an external wallet to manage CEX and DEX assets effortlessly. Move wallet assets to CEX for trading with one click, with trading tiers and VIP benefits syncing seamlessly across platforms.
    • Effortless Multi-Chain Trading: Support for SOL, BSC, Base, Tron, and more empowers users to capitalize on market opportunities across blockchains anytime, anywhere.

    Robust Security: Protecting Your Assets

    In the Web3 era, protecting users’ assets is critical. MEXC DEX+ delivers ironclad security through advanced, multi-layered defenses, ensuring users’ funds are safe and providing true peace of mind with a “wallet as identity” experience:

    • Three-Factor Security: Withdrawals require bot detection, two-factor authentication (via SMS, email, or Google Authenticator, choose two), and an on-chain signature for bulletproof account security.
    • Full Private Key Control: Users retain full control of their private keys, guaranteeing decentralized protection and complete account sovereignty.

    MEXC DEX+’s external wallet connection feature opens a decentralized trading gateway for all users including crypto novices or seasoned traders. It seamlessly integrates centralized exchange (CEX) liquidity with decentralized exchange (DEX) flexibility, enabling efficient Web3 trading with enhanced account security and control.

    “This upgrade strengthens MEXC’s commitment to Web3,” said Tracy Jin, COO of MEXC. “By connecting CEX and DEX, we are fostering a secure, user-friendly trading environment to support the global growth of decentralized finance.”

    Start trading today. Visit MEXC DEX+ to link your MetaMask, Trust Wallet, or other supported wallets.

    Reminder: Always connect your wallet through MEXC’s official channels and never share your seed phrase or private key.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, frequent 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.

    For more information, visit: MEXC 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/df3f59f6-e809-44c6-9d85-ed6dcee42d2c

    The MIL Network –

    April 28, 2025
  • MIL-OSI: T1 Energy Welcomes Key Additions to Leadership Team

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced the additions of Andy Munro as Chief Legal Officer and Russell Gold as Executive Vice President of Strategic Communications, effective May 1st. The appointments add to T1’s already deep energy expertise as it builds a vertically integrated, solar and storage manufacturing and technology leader in the United States.

    “We are excited to welcome Andy and Russell to the T1 senior leadership team,” said Daniel Barcelo, T1’s Chief Executive Officer and Chairman of the Board. “Andy and Russell are respected leaders and prominent voices in the solar energy industry. Their additions underscore T1’s aspiration to build a leader in the U.S. solar-plus-storage market and highlight our ability to attract key talent.”

    Andy Munro brings more than 30 years of legal and management experience to T1 Energy, having spent the last decade working in the solar energy, manufacturing, and technology industry. Mr. Munro joins T1 from SOLARCYCLE, a pioneer in solar panel recycling, technology, and manufacturing. Previously, he served as Chief Legal and Policy Officer at Calypso Energy, a U.S. solar cell and module manufacturing and technology company, and General Counsel at Qcells North America, a leader in U.S. solar manufacturing, technology, and development. Prior to that, Mr. Munro worked at the law firm of Latham & Watkins, where he focused on complex commercial, corporate and financing transactions for technology companies. Mr. Munro holds a J.D. from Harvard Law School and a B.A. in Economics/Business from UCLA.

    “I believe the future of energy depends on a strong and innovative American solar manufacturing and technology industry and I am passionate about building a U.S.-based solar supply chain. I look forward to expanding T1’s operations and building a preeminent American solar energy manufacturing and technology company,” said Mr. Munro.

    Russell Gold joins T1 Energy after a distinguished career as both an author and journalist, most recently for Texas Monthly, which followed a 21-year tenure as an investigative reporter focused on the energy industry for the Wall Street Journal. He is a two-time Pulitzer Prize finalist and a two-time winner of the Gerlad Loeb Award for Distinguished Business and Financial Journalism. Mr. Gold is the author of Superpower: One Man’s Quest to Transform American Energy, and The Boom, which was nominated for the FT Goldman Sachs Business Book of the Year prize. He graduated from Columbia University with a B.A. in History.

    “I am enthusiastic about joining the T1 Energy team and getting a chance to help shape the future of American energy,” said Mr. Gold. “The challenge of our time is to build a domestic, affordable, and renewable energy system and T1 is at the forefront of that effort.”

    About T1 Energy

    T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

    To learn more about T1, please visit www.T1energy.com and follow us on social media.

    Investor contact:

    Jeffrey Spittel
    EVP, Investor Relations and Corporate Development
    jeffrey.spittel@T1energy.com
    Tel: +1 409 599-5706

    Media contact:

    Amy Jaick
    SVP, Communications
    amy.jaick@T1energy.com
    Tel: +1 973 713-5585

    Cautionary Statement Concerning Forward-Looking Statements:

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to the Company’s aspiration to build a vertically integrated solar and storage manufacturing leader in the United States, ability to attract key talent, and plans to expand its operations; the growth of a U.S.-based solar energy industry; and the Company’s effort to build a domestic, affordable, and renewable energy system. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, (ii) T1’s post-effective amendment no. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

    T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c4e0233-5fcd-43e1-9607-ff0d94a58a75

    The MIL Network –

    April 28, 2025
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