Category: Trade

  • MIL-OSI: In the age of AI-powered deepfake attacks, Trust Stamp unveils cutting-edge protection against the rising threat of both deepfakes and injection attacks

    Source: GlobeNewswire (MIL-OSI)

    Atlanta, GA, March 25, 2025 (GLOBE NEWSWIRE) — Trust Stamp announces a groundbreaking innovation in biometric security with the allowance by the United States Patent and Trademark Office of a patent application for its “Shape Overlay for Proof of Liveness” mechanism. This disruptive advancement improves the security of remote person authentication by defending it against deepfake and injection attacks.

    As digital fraud techniques become increasingly sophisticated, traditional biometric authentication methods face significant security challenges. One of the most critical vulnerabilities is the use of deepfake technology and injection attacks, where malicious actors attempt to bypass biometric security systems using pre-captured or AI-generated images. Trust Stamp’s novel Shape Overlay for Proof of Liveness counters these threats by implementing an interactive challenge-response mechanism.

    This patented approach requires users to interact with randomly generated shape overlays on their device screens, ensuring real-time verification of a live subject. Unlike other solutions that demand specialized hardware, Trust Stamp’s system is designed to function seamlessly across all smartphone models, making it an accessible and cost-effective security measure.

    Andrew Gowasack, President and Co-Founder of Trust Stamp, underscores the importance of this technology, “The rise of deepfake technology poses a significant threat to biometric security, and our solution provides an additional line of defense. By incorporating interactive liveness verification, we make biometric authentication far more resilient against injection attacks and fraudulent access attempts.”

    Dr. Norman Poh, Chief Science Officer of Trust Stamp, highlights the accessibility of the innovation, “This solution offers a highly adaptable challenge-response mechanism that can be implemented on any smartphone, regardless of make or budget. By eliminating the need for specialized hardware, we ensure that robust biometric security is available to everyone.”

    Trust Stamp continues to lead the industry in AI-powered biometric authentication, developing innovative solutions that prioritize security, privacy, and accessibility. With the Shape Overlay for Proof of Liveness, Trust Stamp reaffirms its commitment to protecting digital identities in an increasingly complex cybersecurity landscape.

    Inquiries

    Trust Stamp                                                   Email: Shareholders@truststamp.ai
    Andrew Gowasack, President

    About Trust Stamp

    Trust Stamp is a global provider of AI-driven identity authentication solutions. Specializing in privacy-first biometric security, Trust Stamp delivers cutting-edge technology to enhance digital identity protection across financial services, government, and enterprise applications. For more information, visit www.truststamp.net.

    The MIL Network

  • MIL-OSI USA: Governor’s Columns Support Key Initiatives; Align with Actions Taken by President Trump

    Source: US State of Nebraska

    . Trump.  The Governor’s latest column was published in The Federalist just prior to his attendance at last week’s White House signing ceremony promoting efforts to right size the U.S. Department of Education and boosting state and local control.  

    The editorial points out: “Since the Department of Education was formed as a standalone department in 1980, we’ve seen its budget and workforce bloat — but we haven’t seen improved outcomes for students, parents, or teachers. We clearly aren’t getting what we’re paying for.

    There is a simpler, better path forward. By sending education back to states, we let those nearest to the student have the biggest influence. This is a pro-kid, pro-parent, pro-teacher, pro-school position. No matter the style of schooling families choose — public, private, homeschool, or hybrid — our lessons should be focused on helping our youth succeed, and you don’t need federal government mandates to do that.

    The entire column can be found here: https://governor.nebraska.gov/gov-pillen-editorial-supports-us-department-education-changes-praises-nebraska-teachers.

    The benefit of youth sports and providing protections to girls and women was the focus of another column in which Gov. Pillen said: “Data show that youth sports are a gold mine for those that participate. Student athletes are more likely to excel academically and graduate at a higher rate than non-athletes. They learn teamwork, communication, and leadership skills that are hard to replicate in just about any classroom. They become more disciplined by juggling practices and schoolwork. They form friendships and find role models, like coaches, who can inspire.

    Youth sports have especially benefited girls, who before the enactment of Title IX in the 1970s, had many fewer sports opportunities than boys. Now, those benefits are threatened by the rise of a movement to allow biological boys to participate in girls’ sports.”

    Gov. Pillen was part of the White House celebration at which President Trump signed the executive order Keeping Men Out of Women’s Sports. At the start of the legislative session, he and Senator Kathleen Kauth stood with female athletes to introduce the Stand With Women Act (LB89), which was voted out of committee last week.

    In his column (https://governor.nebraska.gov/legislative-update-values-sports-teach-our-kids) the Governor said:  “Just like most Nebraskans, I want to keep politics as far from the field as possible, but this conversation – taken over by a vocal minority – needs a dose of common sense and straightforward policy. The reality is that this issue is NOT political – it’s simply about protecting our girls and standing up for our values.”

    Supporting actions by USDA Secretary Brooke Rollins to combat avian flu and reduce egg prices, Gov. Pillen shared with FoxNews.com that strong leadership and effective management of animal disease were key.  

    “Nebraska’s fields and pasture lands are expansive – about 90% of our land is devoted to farming and ranching. I’ve seen it firsthand: as rural goes, so goes agriculture. Secretary Rollins believes this, and she is an advocate for us. I’ve heard her articulate a vision for rural economic prosperity and development that will go a long way in giving our families and communities a boost.

    We need to work with our federal partners to help build this roadmap for American agriculture. We know our potential is second to none. We have the best people and plentiful water, crops, and livestock.  With great optimism and renewed partnerships, this season of leadership and newfound opportunity will lead to a long-lasting period of abundance – and cheaper eggs – for the American people.”

    That editorial is available athttps://www.foxnews.com/opinion/smart-policy-cheaper-eggs-trump-rollins-team-good-farmers-us-consumers.

    Gov. Pillen has also been vocal in his support of targeted tariff’s implemented by President Trump, which are designed to combat trade imbalances with countries around the world.  

    “Trade hinges on the idea of mutual economic benefit — it’s a great goal, and it’s good for everyone. But we aren’t playing in a “free trade” space anymore, certainly not with foreign adversaries and trade manipulators such as China on the scene. Agriculture has to rely on trade. We know it, and we depend on it. However, the status quo just isn’t working.

    We aren’t victims, but U.S. farmers and ranchers need a boost. We’re problem solvers who know how special it is to fulfill our calling. That’s why this conversation matters. Agriculture across this country deserves free and fair trade because if we get it, we know the U.S. is going to win big. I’ll bet the farm on it.”

    The Governor’s column can be found here: https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/3324484/trump-trade-policy-will-save-farmers/.

    MIL OSI USA News

  • MIL-OSI: Silynxcom Secures $300,000 Order from Elite European Special Forces Unit for Advanced In-Ear Communication Systems

    Source: GlobeNewswire (MIL-OSI)

    Silynxcom Announces Follow-on Order Strengthening Market Leadership; the Company Continues to Expand European Defense Market Penetration as Regional Military Spending Surges to Record Levels

    Netanya, Israel, March 25, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, today announced that it has received a new purchase order valued at approximately $300,000 from an elite special forces unit in Europe for its advanced in-ear tactical communication systems.

    This order is a follow-on to a previously fulfilled order from this elite unit, further validating in the Company’s view the exceptional performance and reliability of Silynxcom’s cutting-edge in-ear communication technology, which consistently meets the exacting standards required by specialized forces operating in high-risk, tactically complex environments.

    “This follow-on order from an elite European special forces unit is another vote of confidence in our advanced in-ear communication systems,” said Nir Klein, Chief Executive Officer of Silynxcom. “As we see defense budgets expanding to record levels across Europe and NATO members with countries accelerating their military modernization programs, we believe that Silynxcom is strategically positioned to meet the growing demand for tactical communication solutions that provide critical advantages in high-stakes environments. Repeat business from specialized military units reflects both our technical innovation and our commitment to delivering systems that perform reliably under demanding operational conditions.”

    Silynxcom’s in-ear headset systems provide superior audio clarity, enhanced situational awareness, and exceptional hearing protection while maintaining a low profile that integrates seamlessly with various tactical gear. These systems have been field-tested and combat-proven across diverse operational environments.

    The Company continues to expand its presence in the European defense market, where military modernization initiatives and increased defense spending have created strong demand for advanced tactical communication solutions. This order follows several significant contracts announced by the Company in recent months, including orders from the Israel Defense Forces, U.S. Air Force, and Finnish Police.

    About Silynxcom Ltd.

    Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

    For additional information about the Company please visit: https://silynxcom.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: the belief that the follow-on order further validates the efficacy of the Company’s technology and that it is a vote of confidence in its systems; the belief that the Company is positioned to meet the growing demand for tactical communication solutions; and the Company’s continued expansion and presence in the European defense market with anticipated defense spending increases. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2024, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Capital Markets & IR Contact

    ARX | Capital Market Advisors
    North American Equities Desk
    ir@silynxcom.com

    The MIL Network

  • MIL-OSI: Wrap Taps Former EXIM Bank Executive Stephen M. Renna to Spearhead International Growth and Financing Strategy

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 25, 2025 (GLOBE NEWSWIRE) — Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”), a global leader in innovative public safety technologies and non-lethal tools, today announced the appointment of Stephen M. Renna as a Strategic Advisor to the Company. Mr. Renna brings more than 35 years of executive experience in both public and private sectors and will focus on international expansion, with an emphasis on Made-in-USA exports and financing strategies through U.S. government resources.

    A seasoned expert at the intersection of business and government, Mr. Renna served as Chief Banking Officer at the U.S. Export-Import Bank (EXIM), where he led the execution of trade financing solutions in support of U.S. exporters, managing a $50 billion portfolio and a $40 billion pipeline. At Wrap, he is expected to advise on leveraging programs, such as the EXIM Bank and the Department of Defense (“DoD”) Office of Strategic Capital, to expand Wrap’s international go-to-market strategy and enhance its international pipeline for services like the Company’s BolaWrap and Managed Safety and Response (MSR).

    “Steve’s appointment underscores our commitment to transforming how U.S. safety technologies are deployed worldwide,” said Jared Novick, President of Wrap. “We believe that his unmatched expertise in federal finance and international deal-making will not only increase our competitiveness globally—but also allow us to create a strategic advantage for U.S.-made public safety solutions.”

    “We have had strong international interest, with many potential purchases, in the final stages,” said Scot Cohen, Chief Executive Officer and Executive Chairman of Wrap. “We believe offering financial solutions will help deepen our value proposition in a way that also aligns with U.S. strategic interests.”

    Mr. Renna’s career includes leadership roles that positioned American companies to win global contracts against foreign state-backed competitors. As Head of The Advocacy Center at the U.S. Department of Commerce, he helped coordinate government support for U.S. firms bidding on international government contracts—facilitating wins on more than 200 projects totaling over $147 billion in value.

    Made in USA Products and Services

    The Company believes Mr. Renna’s insights will be instrumental in aligning Wrap’s mission with critical U.S. government initiatives, including the China and Transformational Exports Program (CTEP), which offers competitive financing for key strategic sectors—such as public safety, AI, and communications—to help counter growing Chinese influence in emerging markets.

    “We believe Wrap is uniquely positioned to advance American leadership in public safety innovation,” said Mr. Renna. “I am excited to help extend Wrap’s impact by unlocking financing tools that enable U.S. technologies to compete—and win—on the global stage.”

    Mr. Renna currently serves as Principal at Federal Agency Finance Advisors, LLC, where he advises companies on accessing financing from federal agencies including EXIM, DOE, and the DoD. He previously led the federal agency practice at Ankura’s Global Strategic Advisory Group and served as Chief Executive Officer of the Commercial Real Estate Finance Council.

    He holds a Juris Doctor degree from the Catholic University of America Columbus School of Law and a Bachelor of Arts degree with honors from Fairfield University.

    About Wrap Technologies, Inc.

    Wrap Technologies, Inc. (Nasdaq: WRAP) is a global leader in public safety solutions, bringing together cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

    Wrap’s BolaWrap® solution is a safer way to gain compliance—without pain.

    This innovative, patented device deploys light, sound, and a Kevlar® tether to safely restrain individuals from a distance, giving officers critical time and space to manage non-compliant situations before resorting to higher-force options. The BolaWrap 150 does not shoot, strike, shock, or incapacitate—instead, it helps officers operate lower on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap’s commitment to public safety through cutting-edge technology and expert training.

    Wrap Reality™ VR is a fully immersive training simulator to enhance decision-making under pressure.

    As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, Wrap Reality™ equips officers with the skills and confidence to navigate high stakes encounters effectively, leading to safer outcomes for both responders and the communities they serve.

    Wrap Intrensic is an advanced body-worn camera and evidence management system built for efficiency.

    Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, Intrensic seamlessly captures, stores, and manages digital evidence, ensuring integrity and full chain-of-custody compliance. With automated workflows, secure cloud storage, and intuitive case management tools, it streamlines operations, reduces administrative burden, and enhances courtroom credibility.

    Trademark Information Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders. Cautionary Note on Forward-Looking Statements – Safe Harbor Statement This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the expected benefits of the acquisition of W1 Global, LLC, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/67eef813-7ed2-4fff-8a52-90422bb56c55

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: Vocodia to Launch Groundbreaking AI Platform for Developers, Enabling Voice, Chat, and Phone Support in Under 15 Minutes

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., March 25, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTC: VHAI), a leading innovator in artificial intelligence for communications, announced today the upcoming release of its powerful new platform designed specifically for the developer market. The platform is expected to open to users within the next 30 to 45 days.

    This next-generation self-service solution will allow developers and businesses to seamlessly integrate both AI-powered chat and voice capabilities directly into their websites—and activate a fully functional inbound phone number that can answer customer calls with a human-like AI agent. With setup times of 15 minutes or less, users can launch their own 24/7 customer service or sales solution without writing complex code or hiring large teams.

    “Our goal has always been to make AI practical and scalable for every business,” said Brian Podolak, CEO of Vocodia. “With this platform, we’re giving developers the power to instantly create digital agents that can talk, chat, and even handle phone calls—transforming websites into full-service engagement hubs.”

    By offering simple, fast, and affordable AI deployment, Vocodia is addressing a massive need across industries for automation that doesn’t sacrifice customer experience.

    Additional updates and product announcements are expected in the coming weeks as the company unveils its broader vision and roadmap for expanding the reach of practical AI in the business world.

    About Vocodia Holdings Corp.

    Vocodia is an AI software company that develops practical AI solutions, making them easily accessible for businesses through cloud-based platforms. These solutions are cost-effective and scalable to enterprise levels. Vocodia specializes in conversational AI, providing scalable enterprise-level AI sales and customer service solutions. Their Digital Intelligent Sales Agents (DISAs) are designed to sound and feel human, performing tasks that require human-like conversation, thereby reducing labor costs and enhancing communication effectiveness. For more information, please visit: http://www.vocodia.com

    Forward-Looking Statements

    This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements 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 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. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s Registration Statement on Form S-1 related to the public offering (SEC File No. File No. 333-269489) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, our actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date and undertake no duty to update such information except as required under applicable law.

    Investor Relations Contact: ir@vocodia.com

    The MIL Network

  • MIL-OSI: VERB Delivers Remarkable 2024 Financial Performance

    Source: GlobeNewswire (MIL-OSI)

    Quadruple Digit % Gains Year-Over-Year and Triple Digit % Gains Quarter-Over-Quarter Reflected in 2024 Form 10-K

    Debt-Free and $13.50 Cash Value Per Common Share*

    Increased Growth Projected For Q1 2025

    LAS VEGAS and LOS ALAMITOS, Calif., March 25, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-K reporting financial and operating results for the full year and the quarter ending December 31, 2024.

    Summary Financial Results

    For the Year Ended December 31, 2024

    • Total revenue was $895 thousand, an increase of $832 thousand, or 1,321%, over the previous year. Represents the greatest amount of revenue generated since the strategic sale of the Company’s direct sales SaaS business unit in June 2023
    • Cash Value per common share$13.4 (*includes value of highly-liquid professionally managed investments)
    • *Year-End Cash position $13.5 million ($8.5 million cash, plus $4.9 million in highly-liquid investments). Does not include $1.7 million cash added in Q1 2025.
    • Strong Cash Position – expected to fund operations into 2028 and beyond
    • Net loss from continuing operations reduced by $4.3 million, represents an improvement of 29% over prior year
    • Operating loss reduced by $2.2 million, represents an improvement of 16% over prior year
    • General and Administrative expenses reduced by $0.3 million, represents an improvement of 2% over prior year, indicates enhanced Company financial performance attributable to increases in revenue – not excessive cost cutting measures
    • All Remaining Debt retired in Q1 2025

    Three Months Ended December 31, 2024

    • Total Q4 revenue – $723 thousand, an increase of $694 thousand, or 2,393%, from the prior year comparable quarter – represents an increase of $595 thousand, or 465% over Q3. Indicates enormous revenue growth in Q4 attributable to management’s recent operational and marketing changes which are further validated by projected Q1 2025 results.

    Results of Operations

    Fiscal Year Ended December 31, 2024 Compared to Fiscal Year Ended December 31, 2023

    The following is a comparison of the results of our operations for the years ended December 31, 2024 and 2023 (in thousands):

        Years Ended December 31,  
        2024     2023     Change  
                       
    Revenue   $ 895     $ 63     $ 832  
                             
    Costs and expenses                        
    Cost of revenue, exclusive of depreciation
    and amortization shown separately below
        224       19       205  
    Depreciation and amortization     1,077       2,331       (1,254 )
    General and administrative     11,238       11,508       (270 )
    Total costs and expenses     12,539       13,858       (1,319 )
                             
    Operating loss from continuing operations     (11,644 )     (13,795 )     2,151  
                             
    Other income (expense)                        
    Interest income     692             692  
    Unrealized loss on short-term investments     (44 )           (44 )
    Interest expense     (237 )     (1,193 )     956  
    Financing costs     (90 )     (1,239 )     1,149  
    Other income, net     812       1,162       (350 )
    Change in fair value of derivative liability     1       221       (220 )
    Total other income (expense), net     1,134       (1,049 )     2,183  
                             
    Net loss from continuing operations   $ (10,510 )   $ (14,844 )   $ 4,334  


    Revenue

    Revenue was $895 for the year ended December 31, 2024, as compared to $63 for the year ended December 31, 2023. The revenue increase of $832, representing an increase of 1,321%, is primarily attributable to revenue received from our MARKET.live business unit services packages and from our Go Fund Yourself business unit.

    Revenue was $723 for the quarter ended December 31, 2024, as compared to $29 for the quarter ended December 31, 2023. The revenue increase of $694, representing an increase of 2,393%, is primarily attributable to tremendous growth from our MARKET.live business unit services packages and from our newly-formed Go Fund Yourself business unit.

    Revenue was $723 for the quarter ended December 31, 2024, as compared to $128 for the quarter ended September 30, 2024. The revenue increase of $595, representing an increase of 465%, is primarily attributable to tremendous growth from our MARKET.live business unit services packages and from growth in our Go Fund Yourself business unit.

    The table below sets forth our quarterly revenues from the quarter ended September 30, 2023 (first quarter following the direct sales SaaS sale) through the quarter ended December 31, 2024, which reflects the trend of revenue over the past six fiscal quarters:

    Operating Expenses

    Depreciation and amortization expense was $1,077 for the year ended December 31, 2024, as compared to $2,331 for the year ended December 31, 2023. The decrease of $1,254 is due to a revision in the amortization of software development costs resulting from extending the life of the asset on January 1, 2024.

    General and administrative expenses including stock compensation expense were $11,238 for the year ended December 31, 2024, as compared to $11,508 for the year ended December 31, 2023. The decrease of $270 or 2%, in general and administrative expenses including stock compensation expense is primarily due to a decrease in stock compensation expense and a decrease in legal fees.

    Other Income (Expense), net

    Other income (expense), net, was $1,134 for the year ended December 31, 2024, which was primarily attributable to other income, net of $812 and interest income, net of $455 both offset by financing costs of $90.

    Liquidity and Capital Resources

    Overview

    As of December 31, 2024 and 2023, we had the following balances of cash, restricted cash, and highly liquid investments.

          As of December 31,
     
          2024       2023  
                 
    Cash   $ 7,617     $ 4,353  
    Restricted Cash     878        
    Investments: Government-Backed Securities     3,731        
    Investments: Corporate Bonds     1,182        
    Total     13,408       4,353  

    Subsequent to December 31, 2024, we received $1,724 of our ERC short-term receivable.

    Conference Call Information

    VERB CEO, Rory J. Cutaia will hold a conference call today, March 25, 2025, at 1:00 p.m. Eastern time to discuss the 2024 results and strategic plans for 2025. A telephonic replay of the conference call is available from 4:00 p.m. Eastern time today through April 8, 2025.

    VERB Q4 and FY 2024 Earnings Call
    Date: Tuesday, March 25, 2025
    Time: 1:00 p.m. Eastern time (10:00 a.m. Pacific time)

    To access by phone: Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your name and organization.

    Meeting Link: CLICK HERE
    Toll Free: 1-877-407-4018
    Toll/International: 1-201-689-8471
    Telephonic Replay: Available after 4:00 p.m. Eastern time on the same day through Tuesday, April 8, 2025 at 11:59 PM ET

    Toll-free replay number: 1-844-512-2921
    International replay number: 1-412-317-6671
    Replay ID: 13752553

    About VERB
    Verb Technology Company, Inc. (Nasdaq: VERB), is the innovative force behind interactive video-based social commerce. The Company operates three business units, each of which leverages its social commerce technology and video marketing expertise. The Company’s MARKET.live platform is a multi-vendor, livestream social shopping destination at the forefront of the convergence of e-commerce and entertainment, where brands, retailers, creators, and influencers engage their customers, clients, fans, and followers across multiple social media channels simultaneously. GO FUND YOURSELF is a revolutionary interactive social crowd funding platform and TV show for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. VANITYPrescribed.com and GoodGirlRx.com are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. GoodGirlRx.com, a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry’s traditional model of excessive pricing and pharmaceutical gatekeeping.

    The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California.

    For more information, please visit: www.verb.tech

    Follow VERB and MARKET.live here:
    VERB on Facebook: https://www.facebook.com/VerbTechCo
    VERB on Twitter: https://twitter.com/VerbTech_Co
    VERB on LinkedIn: https://www.linkedin.com/company/verb-tech
    VERB on YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ

    Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

    FORWARD-LOOKING STATEMENTS
    This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements. Forward-looking statements 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 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. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, those identified in our filings with the Securities and Exchange Commission (the “SEC”), including our annual, quarterly and current reports filed with the SEC and the risk factors included in our annual report on Form 10-K filed with the SEC today. Any forward-looking statement made by us herein is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

    Investor Relations Contact: investors@verb.tech

    Media Contact: info@verb.tech

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/98fa0d86-9d94-4cfa-97f5-ffd4c89edad9

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c013f2c6-3f17-4624-bd9a-60b7c28ab5fe

    The MIL Network

  • MIL-OSI Russia: Career Day at SPbGASU: recommendations for employment and invitations to internships and work

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Poster session

    The Center for Student Entrepreneurship and Career of SPbGASU together with the Russian developer of engineering software “Nanosoft” held a large-scale career guidance event – Career Day.

    At various sites of our university and in various formats, meetings of students and graduates with industry practitioners and experts, representatives of specialized companies were organized in order to solve the main tasks: the first – to find a company for industrial practice, employment, the second – to attract young personnel.

    On this day, lectures, master classes, and poster sessions were held in the main building, at the Automobile and Road Engineering Faculty, and the Faculty of Forensic Science and Law in Construction and Transport.

    How to become a cool BIM specialist

    In his lecture, Dmitry Polyakov, BIM manager of the architectural bureau Studio 44, spoke about his professional activities and dispelled the established stereotypes about specialists in the field of building information modeling (BIM or TIM specialists). Initially, he worked as a designer and was sure that he had found himself in this profession. Over eight years of work, he realized that automation is closer to him, it allows designers to simplify and improve work processes so much that, for example, one operation can be performed not in two days, but in twenty seconds.

    “Today, there are stereotypes about VIM specialists that we want to destroy. The main one is that for this position it is enough to understand the software: learn a certain program and “twist and turn your models” in it. This is not so. Other specialists also work in the program, including architects and designers. Also, a beam specialist is often mistaken for a system administrator who is required to eliminate failures in office equipment. In addition, the heads of some bureaus can even assign responsibility for decisions that go beyond the scope of such a specialist’s responsibilities: for example, calculate the number of engineers needed to design a certain number of buildings,” explained Dmitry Polyakov.

    He emphasized that the real work process begins like this: the customer contacts the design bureau with an idea, technical specifications, and finances. As part of the competition, the bureau prepares a draft design, which generally demonstrates the appearance of the building and provides technical and economic indicators. Already at the draft design stage, a VIM model appears, regardless of whether it is a matter of constructing a new facility or rebuilding an old building. The design bureau has a large department of subcontractors. The BIM specialist first thinks about which path to take to effectively organize all processes, which software to choose, how to implement each task, and establish communication with project participants. He controls everything that happens in the model, how the parameters are observed in it, how the model is submitted for examination, that is, he monitors the work process and eliminates any collisions that arise. Insufficient control on the part of the VIM specialist can lead to serious discrepancies with the requirements of the construction site, which the bureau will eliminate at its own expense. Without a beamer, departments would communicate with each other in a disjointed manner and via different communication channels. In such a case, misunderstandings arise, and it is impossible to find the history of the error, because the employees were talking about something somewhere in between. To prevent this, a beamer comes and connects everyone in one model.

    “Who is a cool beam designer? He understands design and, if necessary, will show on the model any detail that an experienced designer asks for. He is not afraid of digital technologies. He knows who does what at the site, monitors work processes and delves into them. He is diligent: it happens that it takes an hour to think over the optimal solution. Sociable: this job is not for introverts – you constantly need to communicate with someone, be able to listen. He follows developments in the field of information technology, global trends, the practice of both large and small companies. Ready for continuous learning: if they ask a question that he has not encountered, he studies it. He is open to unexpected turns: for example, they give him a new object, the likes of which he has not seen, but he implements it. The main thing is that he thinks with his own head, despite the fact that the customer or someone else said that “we do not do it this way, it should be like this.” “You can listen to comments, but in general you should do what you and your team think is right,” advised Dmitry Polyakov.

    He talked about the programs he uses in his work, cited examples of completed projects, and focused on the correct regimen so that the chosen activity would be interesting and not turn into a test.

    How neural networks help an architect

    Leading architect of ATRIUM Alisa Silantyeva gave a lecture on neural networks in architecture. In her professional activity, she is engaged in the search for concepts and projects from furniture to urban development projects, and the ATRIUM company as a whole is aimed at developing complex projects in different countries. The topic is interesting for future architects: as it turned out, many of them already use neural networks in developing their concepts. The lecturer reminded that the initial stage of the concept is the creation of an image of the future object. Neural networks generate new forms and designs. Deep learning algorithms analyze thousands of architectural samples and create new, unique forms that meet the specified parameters and requirements. Alisa Silantyeva showed examples of how, taking the shape and geometry of a perfume bottle, a watermelon or scattered cubes with turrets as a basis, with the help of a neural network you can get the first sketches of a unique appearance of a building and then refine the sketches.

    “Neural networks help to quickly transform an interesting idea into a sketch and find the optimal combination of styles,” noted Alisa Silantyeva.

    How to Write a Resume That Will Attract a Recruiter

    Senior consultant of the equipment market and CX of ANCOR Recruitment Alina Aipova gave valuable advice on writing a resume. According to her, a resume should clearly answer a number of questions that are important to a potential employer: what is your specialty, what specific skills in this area do you have, what results have you achieved. A simple list of responsibilities will not do. Digitize your achievements: for example, indicate that you became the author of five startups, participated in the implementation of five such-and-such projects. Avoid empty phrases: stress-resistant, sociable, punctual, etc.

    The lecturer presented a schematic portrait of a “star” applicant, which a recruiter will definitely notice and an employer will appreciate: an applicant will be successfully employed if he clearly sees his career path, is focused on a specific company and knows why he is here and how he can be useful.

    “Experience without an official entry in the work record book is also experience. Include in your resume industrial practices, internships, exchange training, experience in creating a startup, participation in case championships and business games, conferences, work in student councils and university projects. In addition, today employers greatly value participation in the volunteer movement. All of the above speaks of your developed soft skills,” Alina Aipova emphasized.

    How to Pass an Interview Successfully

    If an employer has chosen your resume, you are only halfway to success, because there is an interview ahead. GeekSource (ANCOR Group) consultants Anna Krestyantseva and Natalia Komarinen, who specialize in recruiting IT specialists, told us how to pass it in order to get the desired position.

    “Before the interview, it is advisable to study information about the company you intend to work for: the employer values interest and awareness of their activities. Prepare a self-presentation for five to ten minutes. Typical mistakes that applicants make during an interview: in order to be liked, they give socially desirable answers; they do not have information about the employer; they do not show interest or are driven only by monetary motivation; they talk a lot or, on the contrary, little, they allow a lot of negativity or criticism, they react irritably to questions,” said Anna Krestyantseva.

    She also emphasized important details of the online interview: it is necessary to tidy up your appearance and background: untidiness, disorder and inclusion of strangers in the dialogue can be a reason for refusal to hire.

    How to learn business communication skills

    Olga Zenina

    Olga Zenina, head of the career guidance department at SuperJob and certified expert in emotional intelligence, devoted her speech to business communication skills. She clarified that modern youth are interested in building long-term business communications both with each other and with older people, but they do not always understand that not everything that is acceptable in everyday life is appropriate in professional communication.

    “In your email, fill out the signature: indicate your contacts, position, company name, or area of freelance activity. Indicate a specific subject of the letter: for example, “Report for February 2025”, and no “Important” or “Please respond”, otherwise the letter may go to spam. The names of the attached files should also be “telling” ones. Accompany the letter with words of greeting to the addressee, addressing them by name and excluding emoticons. Not responding to a letter for more than a day is bad form.

    When communicating in messengers, express your thoughts in one message and send them during working hours. It is better to discuss the need for a phone call in advance and choose a place for it without extraneous noise. For a video call, tidy up your appearance and surroundings. In corporate chats, it is worth paying attention to the choice of statuses: this way, colleagues will see that you, for example, are currently busy and cannot answer. It is advisable to put a personal photo on the avatar so that the interlocutor clearly imagines with whom he is communicating,” Olga Zenina explained.

    The lecturer emphasized that following these simple rules will please partners and customers and will improve their attitude towards you, which means it will increase your chances of success in your professional activities.

    Poster Session Meetings

    On the balustrades of the main building, company representatives unfolded their presentations. Students lined up at each one to learn about the organizations’ areas of activity, the conditions for completing an internship, and employment opportunities.

    Third-year student of the Faculty of Environmental Engineering and Urban Management Daniil Abdulin stopped by the stand of the China National Chemical, Engineering and Construction Corporation “Seven”. “Today I learned that the company owns the largest gas processing complex in Europe. I am interested in employment with them, but it will not be possible to combine it with studies for now – perhaps I will be able to do a summer internship,” Daniil said.

    Ksenia Drozdova, a third-year student at the Faculty of Economics and Management, is approaching her industrial practice, and she considers the poster sessions to be an excellent opportunity to find a company to do it with right at the university. “There is a wide range of different companies represented here, and my specialty involves many areas of activity, so I am sure that I will be able to conclude an agreement on doing an internship. Perhaps this will become my professional choice,” Ksenia explained.

    Fourth-year student of the architecture faculty Veronika Petrova learned that, for example, in the federal developer GloraX you can do not only an internship, but also a paid internship. “It’s great that GloraX has a direction that corresponds to my specialization, so this company interested me,” Veronika explained.

    Fourth-year student of the construction faculty Alan Niyazov admitted that he paid attention to the company “Nanosoft”. “I am interested in TIM technologies, but I do not know programming languages yet. It turned out that this is an obstacle to employment. But now I am aware of the requirements and will acquire the missing knowledge,” Aslan said.

    Fourth-year student of the construction faculty Alena Kosenkova reported that she and her classmates already have contracts with companies for internships, concluded at last year’s Career Day, but want to learn about vacancies in industry companies. “We want to be aware of the situation on the labor market. This is an interesting and informative acquaintance with companies,” Alena believes.

    Companies are invited

    Natalia Koneva, a recruitment specialist at Glavstroy-Petersburg, noted: “We are interested in young specialists, and we are happy when they grow professionally with us and subsequently occupy high positions. Today, we offer students practical training and internships. We are ready to add various specialists to our staff. For example, we are currently ready to accept an economist for an internship. There is an opportunity to do an internship in any department, both in the office and at construction sites. It is pleasant to observe active feedback from students.”

    Leading specialist of the HR department of “Seven” Evgeniya Naido reminded that the company has been cooperating with SPbGASU for the third year: “Students of SPbGASU successfully complete their internship in our company, and we have already gained good experience of their further employment. Therefore, we are proud to know your university and are happy to cooperate with it. Our company is engaged in industrial construction, and at the moment we have vacancies for engineering positions. We consider students for internship in the positions of technicians of the production and technical department and surveying technicians with possible subsequent employment. It happened that students were hired directly for engineering positions. The internship is paid, the monthly salary is 35 thousand rubles, a technician of the production and technical department – 70 thousand rubles in hand,” noted Evgeniya Naido.

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

    MIL OSI Russia News

  • MIL-OSI USA: Kugler, Latinos, Entrepreneurs, and the U.S. Economy

    Source: US State of New York Federal Reserve

    Thank you, Ramiro, and thank you for the opportunity to speak with all of you today.1 Welcome to Washington, D.C.! Bienvenidos a la capital! I hope you have a productive conference and an enjoyable visit. I am honored to speak with you today because I have long appreciated the efforts of the U.S. Hispanic Chamber of Commerce in supporting Hispanic-owned businesses, especially small businesses and entrepreneurs. It is also gratifying to speak to you today as the first Latin policymaker in the Federal Reserve’s history.
    The support and mentorship from my family and my communities, including many in the Hispanic community, have been foundational to my career. I am proud that I can bring my own perspective and background to how I view the economy and economic data—just as I value learning and hearing from others—because I know the decisions I make can affect the lives of all Americans. As a Fed Governor, I serve all Americans, and I strive to recognize the economic contributions that come from all corners of this country.
    Today, I will talk about the entrepreneurial spirit that many Latinos embody and share with you the importance of Latinos to the whole of the U.S. economy. I will then provide my outlook for the U.S. economy.
    Entrepreneurial SpiritLet me start by saying that I have a strong affinity for entrepreneurs and recognize that they are a driving force behind economic growth and job creation—which I know from the data, as I have spent most of my career as a labor economist and researcher. But I truly understand the crucial role they play in the economy because my grandparents and father were entrepreneurs. My maternal grandfather was a dairy farmer, and I still recall the effort and dedication I saw as a child while joining him as he went from store to store selling milk early in the morning—before starting his other job as mayor of the town. And my paternal grandparents owned an electronics shop, where they worked shoulder to shoulder. My grandpa ran the front end of the shop, and my grandma was in charge of the accounting and inventory. The lessons on the value of hard work and taking initiative have stayed with me throughout my career in academia and continue to now in my work as a policymaker. I have always brought an entrepreneurial spirit to everything I do, seeking to be proactive about identifying opportunities and pursuing new or better solutions to long-standing challenges.
    And that is exactly what millions of Latino entrepreneurs do across the U.S. every day. There are roughly 5 million Latino-owned businesses that provide jobs to millions of other workers across the country.2 And the number of entrepreneurs is growing fast. Between 2007 and 2022, there was a 57 percent increase in the number of Latin-owned businesses, and the number of employees on their collective payrolls grew 1.2 million. As I have emphasized in my past speeches, the growth in new business formation has been critical in sustaining the productivity growth that we have experienced in recent years, which has allowed us to achieve an economic expansion while reducing inflation.
    I see this growth as I travel around the country and meet with workers and business leaders. For example, I noted in a recent speech in Miami that South Florida is an area with a large and vibrant Latino community and is also one of the top regions for new business formation.3
    Other data are also consistent with an elevated level of entrepreneurship in our community. Latino adults who did not previously own a business created a new company at nearly twice the national rate in 2023.4 And while the overall new entrepreneurship rate edged lower after a pandemic-era jump, the rate for Latino entrepreneurs continued to rise to a new record high in 2023. This growth matters to the U.S. economy. Entrepreneurs improve the way of doing business and generate new jobs and wealth. They often create new processes, products, markets, and services that solve problems and improve the quality of life for many. Entrepreneurs also bring fresh perspectives and contribute to economic progress. For example, a recent survey by the Stanford Latino Entrepreneurship Initiative shows that Latino-owned businesses outperform others in the adoption of artificial intelligence.5
    Latinos in the EconomyBeyond starting businesses and creating jobs, Latinos are a large and growing part of the economy—as consumers, workers, and investors. Collectively, Latino households generate trillions of dollars in economic activity each year in the U.S. There are 34 million Latino workers in the U.S. labor force, and the median weekly earnings of Latinos working full time has doubled over the past 20 years, according to the Bureau of Labor Statistics. Those data points suggest that many Latino workers are moving into higher-wage, higher-productivity jobs. Overall, nearly one in every five Americans are of Latino heritage. In some states, such as Texas, that figure is closer to two in five. And given that the Latino population is growing, it is not surprising that Texas also led the country in job creation last year, adding 284,000 jobs to payrolls.6 Across the U.S., the Latino labor force has grown 14 percent since the start of the COVID-19 pandemic, much faster than the about 4 percent growth for the total labor force.
    Latinos tend to work or seek employment at high rates. The Latino labor force participation rate was 66.9 percent in February versus 62.4 percent for the population overall. In addition to filling jobs for employers and meeting consumer demand for goods and services, this labor force growth was a helpful counter to inflation at a time when the labor market was historically tight.
    The growth in the Latino workforce contributed to the rebalancing of the U.S. labor market in recent years. The labor market has cooled from an overheated state to a stable position characterized by low unemployment and diminished wage pressures. Latino workers especially aided that rebalancing by taking positions that had been difficult for employers to fill. For example, early in the pandemic many Americans remodeled or expanded their homes, where they were suddenly spending much more time. And anyone in this room that undertook such a project in 2021 or 2022 likely remembers how difficult it was to hire carpenters, plumbers, and other workers. Many skilled Latino workers filled that void. As of February, Latinos accounted for 35 percent of all construction workers, up from about 30 percent five years ago. Similarly, Latino workers have outsized representation in several other fields in which hiring has been challenging in recent years. Over one-third of warehouse and storage workers and one-fourth of couriers—both important to the e-commerce industry—are Latino. Latinos also represent a large share of critical childcare, automotive repair, and building maintenance positions—the people that make it possible for everyone to get to work and do their jobs well.
    Moving forward, the young Latino population will continue to contribute to the labor force, as 1 million Latinos every year will turn 18 over the next two decades. And the educational attainment growth of Latinos is three times faster than that of other groups. Already one-fourth of the nation’s K–12 students are Latino—thus on track to soon contribute to the skilled labor force.
    Economic OutlookOf course, I am always studying how the economy is playing out for Americans of all backgrounds. As such, I would like to share with you my economic outlook before I conclude.
    The U.S. economy has been on solid footing in recent years. Consistent with that assessment, real gross domestic product grew 2.5 percent last year. The most recent data on economic activity in the early part of this year have shown some signs of softness: Retail sales plunged more than 1 percent in January. However, that slowing was not entirely unexpected after the strong showing in December, some bad weather earlier this year, and the difficulties in the seasonal adjustment of the data. Moreover, growth in retail sales moved back up into positive territory, increasing 0.2 percent in February.
    The labor market appears to be stable through February. U.S. employers added 151,000 jobs in February and 125,000 in January. The pace of hiring during the first two months of the year is a slowdown compared with the strong gains in November and December, but, again, that could reflect weather disruptions and seasonal adjustment challenges. Over the past six months, employers added a solid average of 190,000 jobs a month. The unemployment rate—4.1 percent last month—is low and has remained near its current level since last summer.
    Turning to inflation, I have been keenly aware that price increases have been painful for American families, and I have supported policies intended to bring inflation sustainably back to our 2 percent target. This effort has paid dividends. Inflation has come down a long way from its peak of more than 7 percent in June 2022. Based on the consumer price index and producer price index data for February, it is estimated that the 12-month change in the personal consumption expenditures (PCE) price index was 2.5 percent last month. That is welcome progress, but that progress has slowed since last summer. In certain subcategories there is evidence that inflation reaccelerated in recent months. Importantly, while goods inflation was negative in 2024—as was the norm before the pandemic—it has turned positive in recent months. This development is unhelpful because goods inflation has often kept a lid on total inflation and also affects inflation expectations. In addition to the increase in prices already captured in official data, surveys show that consumers are expecting further increases in the near term. For instance, both short-run and long-run inflation expectations from the Michigan survey have climbed in recent months. According to comments from survey respondents, much of this uncertainty appears to be tied to trade policy. I am paying close attention to the acceleration of price increases and higher inflation expectations, especially given the recent bout of inflation in the past few years. Given the economy’s overall solid position and the heightened level of uncertainty, I supported the Federal Open Market Committee’s (FOMC) decision last week to maintain the policy rate at its current level. I see current policy as continuing to be restrictive and I judge that FOMC policy is well positioned. The committee can react to new developments by holding at the current rate for some time as we closely monitor incoming data and the cumulative effects of new policies. I remain committed to bringing inflation back down to our 2 percent goal while maintaining a solid labor market. As always, I will carefully assess the incoming data, the evolving outlook, and the balance of risks when considering the appropriate policy rate.
    Thank you again for having me here.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. See Bárbara Gómez-Aguiñaga, George Foster, and Jerry I. Porras (2024), 2023 State of Latino Entrepreneurship (PDF), a publication of the Stanford Latino Entrepreneurship Initiative (Palo Alto, Calif.: Stanford Graduate School of Business, in collaboration with the Latino Business Action Network, March). Return to text
    3. See Adriana D. Kugler (2025), “Entrepreneurship and Aggregate Productivity,” speech delivered at the 2025 Miami Economic Forum, Economic Club of Miami, Miami, Florida, February 7. Return to text
    4. See Robert W. Fairlie (2024), “Indicators of Entrepreneurial Activity: 2023,” working paper, January, http://dx.doi.org/10.2139/ssrn.4708111. Return to text
    5. See Gómez-Aguiñaga, Foster, and Porras, 2023 State of Latino Entrepreneurship, in note 2. Return to text
    6. See Bureau of Labor Statistics (2025), “State Employment and Unemployment Summary,” news release, March 17. Return to text

    MIL OSI USA News

  • MIL-OSI United Kingdom: CMA seeks changes to the way Ticketmaster labels tickets and provides pricing information to fans

    Source: United Kingdom – Executive Government & Departments

    Press release

    CMA seeks changes to the way Ticketmaster labels tickets and provides pricing information to fans

    The CMA sets out its concerns over Ticketmaster’s sale of Oasis tickets.

    iStock

    • CMA is concerned that Ticketmaster’s approach may have misled Oasis fans 

    • CMA is engaging with Ticketmaster to improve information given to consumers

    Today the Competition and Markets Authority (CMA) is providing a progress update on its investigation into Ticketmaster following widespread complaints about the sale of Oasis’ concert tickets.

    Following a formal investigation, the CMA is now consulting with the ticketing platform on changes to ensure fans receive the right information, at the right time.  

    The concerns 

    The CMA is concerned that Ticketmaster, which sold more than 900,000 tickets during the Oasis ticket sale, may have breached consumer protection law by:

    • Labelling certain seated tickets as ‘platinum’ and selling them for near 2.5 times the price of equivalent standard tickets, without sufficiently explaining that they did not offer additional benefits and were often located in the same area of the stadium. This risked giving consumers the misleading impression that platinum tickets were better.
    • Not informing consumers that there were two categories of standing tickets at different prices, with all of the cheaper standing tickets sold first before the more expensive standing tickets were released, resulting in many fans waiting in a lengthy queue without understanding what they would be paying and then having to decide whether to pay a higher price than they expected.

    Next steps 

    Since the opening of the investigation, Ticketmaster has made changes to some aspects of its ticket sales process, but the CMA does not currently consider these changes are sufficient to address its concerns.  

    The CMA has provided Ticketmaster with details of the further steps required to address its concerns and is seeking changes to Ticketmaster’s processes – including to the information it provides to customers, when it provides that information, and how it labels some of its tickets. The CMA is now consulting on these changes with Ticketmaster. 

    Hayley Fletcher, Interim Senior Director of Consumer Protection, says:   

    Fans reported problems when buying Oasis tickets from Ticketmaster and we decided those concerns warranted investigation. 

    We’re concerned that Oasis fans didn’t get the information they needed or may have been misled into buying tickets they thought were better than they were.  We now expect Ticketmaster to work with us to address these concerns so, in future, fans can make well-informed decisions when buying tickets.  

    All ticketing websites should check they are complying with the law and treating their customers fairly. When businesses get it right, consumers benefit – and that’s the best outcome for everyone.

    The CMA is not able to advise on individual complaints so anyone seeking advice or support should contact the relevant consumer advice organisation in their area

    For more information visit the Ticketmaster investigation case page

    Notes to editors

    1. Ticketmaster UK Ltd  (Ticketmaster) is a company which sells and supplies tickets to consumers for a range of third-party events via its website and mobile application in the UK. In particular, it sold tickets for the ‘Oasis Live ‘25’ tour. 

    2. As an enforcer under Part 8 of the Enterprise Act 2002, the CMA currently enforces consumer law through the courts. It cannot currently levy administrative fines for breaches of consumer law. From 6 April 2025, the CMA will have new consumer powers, which will enable the CMA to decide when consumer law has been broken without taking a case to court. The Digital Markets, Competition and Consumers Act 2024 (DMCCA) will, once it comes into effect, also enable the CMA to fine those firms that do break consumer law up to 10% of their turnover. 

    3. The main consumer protection legislation relevant to the CMA’s concerns about misleading claims and other harmful online selling practices is the Consumer Protection from Unfair Trading Regulations 2008 (CPRs). The CPRs aim to protect consumers from unfair commercial practices such as the misleading provision or omission of information as part of sales processes. The CMA recently consulted on draft guidance in relation to unfair commercial practices (UCPs). Provisions prohibiting UCPs are due to replace and update the CPRs once the relevant provisions of the DMCCA come into force on 6 April 2025. The CMA currently has the ability to ask a court to enforce the CPRs. Under the DMCCA, the CMA will gain the ability to enforce the UCP provisions itself, without needing to apply to a court.   

    4. ‘Primary’ tickets are tickets which are being sold for the first time, at the original price for tickets as determined by artists, event organisers or box offices. ‘Secondary’ tickets are those which are resold after their original sale, often (but not always) at prices other than the original ‘face value’. 

    5. All media enquiries should be directed to the CMA press office by email on press@cma.gov.uk, or by phone on 020 3738 6460.

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: GraniteShares 2x Long IONQ Daily ETF (IONL), GraniteShares 2x Long VRT Daily ETF (VRTL), and GraniteShares 2x Long RDDT Daily ETF (RDTL) Launch Today.

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) — GraniteShares, a leading provider of high-conviction exchange-traded funds (ETFs), today announced the launch of three new leveraged single-stock ETFs: GraniteShares 2x Long IONQ Daily ETF (NYSE Arca: IONL)GraniteShares 2x Long VRT Daily ETF (NYSE Arca: VRTL), and GraniteShares 2x Long RDDT Daily ETF (NYSE Arca: RDTL). These funds offer investors exposure to IonQ (NYSE: IONQ), Vertiv Holdings (NYSE: VRT), and Reddit (NYSE: RDDT), enabling traders to express bullish views on these companies.

    GraniteShares’ leveraged ETFs seek daily investment results, before fees and expenses, that correspond to 200% of the daily performance of the respective underlying stocks. These funds are designed for sophisticated investors looking to capitalize on short-term movements in some of the market’s most innovative and disruptive companies.

    High-Conviction Exposure to Leading Tech and AI Companies

    • IonQ (IONQ): As a pioneer in quantum computing, IonQ is at the forefront of developing next generation computing technologies that could transform industries ranging from cybersecurity to pharmaceuticals. With increasing investment in quantum research and growing institutional interest, we believe IonQ presents an attractive opportunity for investors seeking exposure to cutting-edge technology.
    • Vertiv Holdings (VRT): A leader in digital infrastructure solutions, Vertiv is critical to supporting data centers, cloud computing, and AI-driven operations. As demand for AI and cloud computing accelerates, Vertiv continues to expand its role in ensuring the reliability and efficiency of the digital economy.
    • Reddit (RDDT): A social media platform with a highly engaged user base, Reddit recently made its public debut, capturing investor attention as a unique player in the digital content space. With its blend of community-driven engagement and advertising potential, Reddit is positioned as a growth stock in the evolving social media landscape.

    Designed for Tactical Traders

    The new leveraged ETFs provide traders with a tool to gain exposure to these stocks, making them ideal for those looking to execute short-term tactical trades. With 2x daily leverage, IONL, VRTL, and RDTL allow investors to take advantage of momentum and volatility in these high-profile companies.

    “We continue to expand our suite of leveraged ETFs to meet the demand for high-conviction trading opportunities,” said Will Rhind, Founder of GraniteShares. “With the launch of IONL, VRTL, and RDTL, we are providing investors with targeted tools to access some of the most exciting companies in AI, cloud computing, and digital media.”

    These new ETFs join GraniteShares’ growing lineup of single stock leveraged ETFs, offering traders innovative ways to capitalize on short-term market trends.

    For more information on the new GraniteShares leveraged ETFs, read the company’s prospectus.

    About GraniteShares

    GraniteShares is an entrepreneurial ETF provider focused on high-conviction investment solutions. The firm offers a range of innovative ETFs spanning leveraged, inverse, and high-yield strategies, empowering investors with differentiated tools for portfolio construction. Founded in 2016, GraniteShares has grown rapidly by delivering cutting-edge solutions tailored to modern market needs. For more information, visit www.graniteshares.com.

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    Disclaimer:

    This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. Please read the prospectus before investing.

    An investment in the Fund involves risk, including the possible loss of principal. The use of derivatives such as option contracts and swaps is subject to market risks that may cause their price to fluctuate over time. Additional risks include Risk of the Underlying Stock, Derivatives Risk, Leverage Risk, Price Participation Risk, and Market Volatility Risk. These and other risks can be found in the prospectus.

    Leveraged ETFs seek daily investment results that correspond to a multiple of the performance (both gains and losses) of an underlying index or security. Due to the compounding of daily returns, holding periods of greater than one day can result in performance that differs from the stated multiple. These ETFs are intended for sophisticated investors who understand the risks associated with leverage and seek short-term tactical trading strategies.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur costs that detract significantly from investment returns..

    This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    The MIL Network

  • MIL-OSI: XRP News: Why Investors Are Rushing Into XploraDEX $XPL Presale – The Only AI-Powered DEX on XRP Ledger

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 25, 2025 (GLOBE NEWSWIRE) — In the fast-paced world of crypto, early access to innovation often defines who wins big. That’s why XploraDEX is quickly becoming one of the most talked-about projects on the XRP Ledger. As the first and only AI-powered decentralized exchange (DEX) on XRPL, it brings a unique value proposition to XRP holders, DeFi traders, and early-stage investors.

    The $XPL Token Presale is live, and it’s not just a fundraising event—it’s your ticket into an ecosystem built for intelligent trading, automation, and long-term utility. If you’re serious about riding the next wave of innovation in DeFi, this is one opportunity you don’t want to ignore.

    Why XploraDEX Is Different and Better

    DEXs aren’t new but DEXs powered by AI, built on a high-speed chain like XRPL, are unheard of.

    Here’s what sets XploraDEX apart:

    AI-Driven Trade Execution – Trades are automatically optimized using machine learning models trained to recognize patterns and predict market behavior.

    24/7 AI Surveillance – Real-time monitoring of the market to identify arbitrage opportunities, track liquidity movements, and flag unusual trading activity.

    Predictive Analytics Dashboard – Traders get actionable insights, not just charts. Forecasts, heatmaps, and alerts are built into the platform.

    Built Natively on XRPL – Leverages XRP Ledger’s ultra-low fees and lightning-fast transaction speed, ideal for real-time DeFi operations.

    Smarter Liquidity – AI automates pool balancing and routing to reduce slippage and maximize efficiency.

    XploraDEX isn’t just a tool, it’s a trading ally designed to help both seasoned traders and newcomers stay profitable in volatile markets.

    PARTICIPATE IN XPLORADEX PRESALE

    The Role of $XPL – More Than Just a Utility Token

    The $XPL token is at the core of everything on XploraDEX. It’s not just used for transactions; it powers the platform’s functionality, governance, and incentive structure.

    Why You Shouldn’t Miss the $XPL Presale

    The presale phase offers early investors first-mover advantages and access to discounted $XPL tokens before the public launch.

    Here’s why it matters:

    Low Entry Price – Buy in before market listing and price discovery.

    Exclusive Presale Bonuses – Higher staking multipliers and access to beta AI features.

    High Growth Potential – As the only AI-powered DEX on XRPL, XploraDEX has first-mover leverage.

    This is more than just a presale—it’s a chance to be early on what could become the go-to AI DeFi platform for XRP traders globally.

    BUY $XPL TOKEN

    $XPL PreSale Information:

    Token Name: XploraDEX

    Total Supply: 500,000,000

    Presale Allocation: First Come, First Serve!

    DEX Listing: 25% Higher

    Liquidity Pools: Launching immediately after TGE!

    The $XPL Token Presale is already attracting major interest, early investors will gain first-mover advantages!

    Buy $XPL Tokens: https://sale.xploradex.io

    Final Thoughts: A Rare Opportunity on XRPL

    While many DEX projects are chasing trends, XploraDEX is building real infrastructure that solves actual trading problems. By combining AI technology with the speed and efficiency of XRPL, it positions itself as a platform with long-term relevance.

    Participate in the $XPL Presale Today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

    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/c02de130-c4aa-4ea0-bfba-8c0de3c6d3ad

    The MIL Network

  • MIL-OSI United Kingdom: Maritime decarbonisation strategy and calls for evidence

    Source: United Kingdom – Executive Government & Departments

    Written statement to Parliament

    Maritime decarbonisation strategy and calls for evidence

    Minister for Aviation, Maritime and Security sets out the government’s vision for the future of the UK’s maritime sector.

    By publishing our new Maritime decarbonisation strategy today, the government has set out plans to encourage and support our maritime sector in using fuels of the future and shipping ‘chargepoints’ to reduce greenhouse gas (GHG) emissions. The maritime decarbonisation strategy sets out the government’s vision for the future of the UK’s maritime sector, by setting new domestic decarbonisation goals for a 30% reduction by 2030 and an 80% reduction by 2040 (both relative to 2008) and outlines our key policies to meet them.

    To support this, we are also publishing 2 supplementary calls for evidence: on Net zero ports and on Smaller vessels – measures for small, sub-400 gross tonnage (GT) vessels and accelerating uptake in targeted subsectors. These calls for evidence will allow us to gather evidence to provide a more holistic understanding of the current state of play of the maritime sector and how to decarbonise the sector moving forward.

    In 2019, the UK domestic maritime sector produced around eight million tonnes of CO2 equivalent, on a fuel lifecycle basis. Decarbonisation of our maritime sector will support this government’s missions: driving the uptake of clean fuels and energy helping to make Britain a clean energy superpower, seizing the green growth opportunities which will help to kickstart economic growth, and realise the co-benefits that reducing emissions can have for health, supporting our health mission, in line with our Plan for Change. It is conservatively estimated that the decarbonisation of the UK maritime sector could support £130 million to £180 million of gross value added (GVA) and around 1,400 to 2,100 jobs in the UK on average in each year between now and 2050. This is in respect to the provision of on-board technologies, fuel storage and engines alone. The investments required on land to support the decarbonisation of the sector, including the production of zero and near-zero GHG emission fuels and energy are also expected to further drive growth in the UK, and deliver energy security.

    This ambitious, but credible and evidence-based maritime decarbonisation strategy is based on a state-of-the-art maritime emissions model, representing a significant step change in our ability to estimate the emissions from the UK maritime sector. Responses from the 2 calls for evidence will also inform the development of the maritime emissions model as we look to increase our understanding of how to decarbonise maritime.

    Maritime decarbonisation strategy

    The maritime decarbonisation strategy outlines this government’s vision for the how maritime sector can decarbonise. The strategy sets new goals for domestic maritime emissions, aiming for zero fuel lifecycle GHG emissions by 2050, with at least a 30% reduction by 2030 and an 80% reduction by 2040, relative to 2008 levels. These interim goals are aligned with the level of highest ambition of the 2023 IMO’s GHG strategy, allowing us to take pragmatic action domestically whilst continuing to push for high ambition internationally.

    These goals highlight our commitment to decarbonising the maritime sector and will provide the industry with the certainty it needs to invest, playing its part in kickstarting economic growth and making Britain a clean energy superpower.

    The Strategy will cover 5 key policies to drive decarbonisation from now to 2050:

    • Fuel regulation. Alongside a fuel standard being developed at the International Maritime Organization (IMO), we will, subject to consultation next year, introduce domestic fuel regulations to drive the uptake of zero and near-zero GHG emission fuels and energy sources.

    • Emissions pricing. The UK Emissions Trading Scheme (ETS) will be expanded to include UK domestic maritime GHG emissions from 2026. At the IMO, we are also continuing to push for emissions pricing through a global shipping levy, introduced from 2027.

    • Ports and emissions at berth. We are considering further action to reduce emissions at berth and are launching a call for evidence to inform this work alongside the maritime decarbonisation strategy.

    • Smaller vessels and targeted subsectors. We need to reduce emissions from the whole fleet over time, including smaller vessels. To build our understanding, we are launching a call for evidence to begin this policy development. We are aware that whilst this will be challenging for some sub sectors (such as fishing vessels), there are others that could move quickly (for example, offshore wind vessels).

    • Energy efficiency. We will support the IMO review of short-term measures to further incentivise energy efficiency and explore domestic energy efficiency measures.

    This strategy continues to build on the innovation and expertise developed through our research and development programme UK SHORE, which, as well as accelerating the commercialisation of the future fuels and technologies necessary, positions the UK as a leader in clean maritime development and drives investment into clean maritime technologies. Supporting this will be the MCA’s new UK maritime innovation hub which will encourage innovation, research and development, and support economic growth by helping innovators bring new technologies to safe commercial use in the sector.

    Net zero ports call for evidence

    This publication will collect evidence to support the government’s consideration of an at-berth emissions requirement in the maritime decarbonisation strategy. It looks at the role of ports in enabling shipping to decarbonise and reduce shipping’s wider environmental impacts. This includes providing new infrastructure and aims to capture evidence on the future electricity demand at ports, recognising this is a shared asset to enable ports, shipping and port tenants to decarbonise and capture new commercial and economic opportunities.

    The publication also looks at the progress ports are making in decarbonising their own operations and how government could potentially galvanise the sector to decarbonise. We focus on whether ports are planning to decarbonise their own operations, their goals and what they’ve included in their strategies, including wider environmental considerations.

    Measures for small, sub-400 GT vessels and accelerating uptake in targeted subsectors call for evidence

    This call evidence will provide government with essential information and data to help decarbonise and reduce the environmental impacts of vessels under 400 gross tonnage. It asks questions on the costs of these vessels, when the new technologies will be ready, what infrastructure will be required and where these vessels are likely to be built. It seeks to identify which subsectors have a clear decarbonisation pathway and may be able to move quickly. This call for evidence represents a balance between ambition and deliverability, recognising that some subsectors such as fishing will need more time, and that this is the start of a conversation with them. This means we will have a stronger evidence base to make informed policy decisions in the future.

    Next steps

    Following the publication of the maritime decarbonisation strategy, and the 2 calls for evidence, we will continue to work with the sector to deliver the domestic decarbonisation goals and to reduce wider environmental impacts. We will collect and analyse the responses from the calls for evidence to inform our next steps and will publish a consultation on future UK fuels regulation. Furthermore, we will continue to champion ambitious action at the IMO to drive the global maritime sector towards zero emissions and deliver the IMO GHG 2023 strategy.

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Promotion Export of Products by Self-Help Groups

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:01PM by PIB Delhi

    As a marketing initiative under Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM) SARAS Aajeevika Mela is organised at national and state levels. An export pavilion was in place at SARAS Aajeevika Mela 2025 at Noida, Uttar Pradesh organised by the Ministry of Rural Development to showcase products of Self-Help Groups (SHGs) having export potential, with the primary goal of encouraging and promoting SHGs towards export of their products. Training sessions cum Workshops were conducted in this Mela for capacity building and generating export potential in SHGs, and to creating awareness.

    National Institute of Rural Development & Panchayati Raj (NIRD&PR) has conducted a national-level workshop in Delhi on 14th and 15th May 2024 to deliberate the scope of ‘Export Marketing of Handicraft and Handloom Products of SHGs’.

    Ministry of Textiles under Marketing component of National Handloom Development Programme (NHDP), organized the following events to provide a marketing platform to artisans and promote export of handicrafts:

            (I) Domestic Marketing events including Gandhi Shilp Bazar/Fashion Show/Hiring of Stalls in events organized by other organizations/CDAP.

    (II) International Marketing Events in India & Abroad include:

    1. International Marketing Events.
    2. International Craft Exposure Programme.
    3. Buyer Seller Meet & Reverse Buyer Seller Meet.
    4. Fairs/Exhibitions/Events on Virtual Platforms.

    The Ministry has undertaken tie-ups with eCommerce Players for promotion of SHG products. In collaboration with Government e-Marketplace (GeM) a “SARAS Collection” has been created as a Store Front in GeM for marketing of SHG products. Also, Memorandum of Understandings (MoUs) have been entered between Ministry and Flipkart Internet Pvt. Ltd., Amazon, Fashnear Technologies Pvt. Ltd. (Meesho) and Jiomart respectively to allow the Self Help Groups (SHGs) producers including the artisans, weavers and craftsmen to access national markets through the Flipkart Samarth programme, Amazon Saheli initiative, Meesho and Jiomart for marketing of SHGs products. An e-Commerce platform (www.esaras.in) has also been launched by the Ministry for online marketing of SHG products. eSARAS is also live as a Seller Network Participant on ONDC. Curated products of women SHGs are available on 11 Apps of ONDC network i.e. Paytm, Mystore, Craftsvilla, Jagran, Snapdeal, Novopay, Easypay, Gonuclei, Rubaru, Mappls, Himira.

    This information was given by the Minister of State for Rural Development Dr. Chandra Sekhar Pemmasani in a written reply in Lok Sabha today.

    *****

    MG/RN/KSR/4087

    (Release ID: 2114885) Visitor Counter : 28

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Government Implements Comprehensive Measures to Boost Exports and Strengthen Trade Competitiveness

    Source: Government of India

    Posted On: 25 MAR 2025 4:32PM by PIB Delhi

    The Government has taken various proactive measures aimed at enhancing domestic capacities, boosting exports, diversifying supply chains, exploring alternate sources of imports and fostering economic resilience. Several key initiatives and policy measures undertaken by the Government to boost exports, attract investments and to promote ease of doing business from time to time are as follows-

    1. The Foreign Trade Policy effective from April 01, 2023 is designed to integrate India more effectively into the global market, improve trade competitiveness, and establish the country as a reliable and trusted trade partner.
    2. Establishment of 65 Export Facilitation Centres (EFCs) across the country with an aim to provide requisite mentoring and handholding support to exporters especially MSMEs in exporting their products and services to foreign markets.
    3. Assistance being provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.
    4. The Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour- oriented certain items of textiles sector export has been implemented since March 07, 2019.
    5. Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented since January 01, 2021. The benefit of RoDTEP scheme had also been extended to sectors like steel, pharma and chemicals with effect from December 15, 2022 to enhance export competitiveness of these sectors. Currently, 10,642 tariff lines (8-digit ITC(HS) Codes) are covered under this Scheme. The budget allocation for RoDTEP Scheme for the current financial year 2024-25 is Rs. 16,575 crores. The benefits of the RoDTEP scheme have also been extended to exports from Domestic Tariff Area (DTA) units till September 30, 2025.
    6. A Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
    7. Districts as Export Hubs initiative had been launched by identifying products with export potential in each district, addressing bottlenecks for exporting these products and supporting local exporters/manufacturers to generate employment in the district.
    8. The Government has launched the Trade Connect e-Platform as an information and intermediation platform for international trade bringing together Indian Missions Abroad and officials from Department of Commerce and other organisations to provide comprehensive services for both new and existing exporters.
    9. Active role of Indian missions abroad towards promoting India’s trade, tourism, technology and investment goals has been enhanced. Regular monitoring of export performance with Commercial Missions abroad, Export Promotion Councils, Commodity Boards/Authorities and Industry Associations is being done and corrective measures are being taken from time to time.
    10. With the changing trade scenario, India is moving towards having Preferential/Free Trade Agreements (PTA/FTA) wherein customs tariffs and non-tariff barriers are reduced or eliminated on substantial trade items between the PTA/FTA members. At present, India is a member of 13 FTAs and 9 PTAs apart from the negotiations with the EU, the UK, and Oman.

    This information was given by the Minister of State for the Ministry of Commerce & Industry, Shri Jitin Prasada, in a written reply in the Lok Sabha today.

    ***

    Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas

    (Release ID: 2114863) Visitor Counter : 15

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CE attends Boao Forum

    Source: Hong Kong Information Services

    Chief Executive John Lee arrived in Hainan today to attend the Global Free Trade Port Development Forum at the Boao Forum for Asia Annual Conference 2025.

    Addressing the forum, Mr Lee said that Hong Kong, as an international financial, shipping, and trade centre, enjoys a strategic location and world-class connectivity, championing free and multilateral trade.

    Under the principle of “one country, two systems”, Hong Kong is the only world city that combines the China advantage with the global advantage. It boasts a long tradition of the rule of law and has an established common law regime that aligns with major global financial hubs.

    Mr Lee noted that as a participant in the Global Free Trade Zone (Port) Partnership Initiative, Hong Kong will continue to collaborate with Hainan in promoting the vast opportunities that free trade and market liberalisation could bring to the world.

    In the evening, Mr Lee attended a dinner with Hainan Province leaders to exchange views on deepening Hong Kong’s co-operation with Hainan.

    Additionally, Secretary for Innovation, Technology & Industry Prof Sun Dong attended the Enhance Digital Capacity Building & Bridging Digital Divide forum this afternoon.

    Prof Sun outlined Hong Kong’s move to accelerate digital economy development through strengthening digital infrastructure and fostering digital transformation. The Government is pressing ahead with the Digital Corporate Identity Platform project at full speed.

    He added that by adhering to the principle of promoting technology with talent, leading industries with technology, and attracting talent with industries, the Government will provide more quality jobs and development opportunities for innovation and technology (I&T) and digital talent in Hong Kong and for those coming to Hong Kong, thereby pooling I&T talent from around the globe.

    Tomorrow, Mr Lee will meet Hainan Province leaders and attend the signing ceremony of memoranda of understanding between the Hong Kong Special Administrative Region Government and the People’s Government of Hainan Province.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Bureau of Indian Standards establishes Standards on Respiratory Protection, Fall Prevention, and Fire Safety for overall occupational health and safety of workers

    Source: Government of India

    Posted On: 25 MAR 2025 3:42PM by PIB Delhi

    The Bureau of Indian Standards (BIS) is dedicated to ensuring the quality of products and services in India. The Indian Standards formulated by BIS serve as the foundation for Product Certification Schemes, offering third- party assurance of product quality to consumers. To strengthen the country’s quality eco system, the Government of India has issued various Quality Control Orders (QCOs) that mandate BIS certification for a range of products including industries and construction sectors. Under the provisions of BIS Act, 2016, products for compulsory BIS certification are notified by the concerned regulator/line ministry of Government of India through Quality Control Orders (QCOs) under various considerations viz. public interest, protection of human, animal or plant health, safety of environment, prevention of unfair trade practices and national security. Through the issuance of QCOs, the notified products shall conform to the requirements of the relevant Indian Standard including safety standard and the manufacturers of these products have to compulsorily obtain certification from BIS. So far, a total of 187 Quality Control Order’s covering 769 products have been notified for compulsory certification of BIS by various regulators/line ministries of Government of India, the list of which is available at https://www.bis.gov.in/product-certification/products-under-compulsory-certification/.

    Additionally, the following two horizontal QCO’s exclusively for safety aspects of products are also notified by Government of India:

    1. Safety of Household, Commercial and Similar Electrical Appliances (Quality Control) Order, 2024 issued by Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry. Through the QCO, all electrical appliances intended for household, commercial or similar applications with rated voltage not exceeding 250 V single phase alternating current or 415 V three phase alternating current and which do not fall under the scope of any other Quality Control Order issued under the Bureau of Indian Standards Act are covered under compulsory certification of BIS.
    2. Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024 issued by Ministry of Heavy Industries, Government of India. Through the QCO, 20 categories of Machinery and electrical equipment’s and their sub-assemblies / components are covered under compulsory certification of BIS

    Branch Offices of BIS have conducted Manak Manthans on the subject Labour Safety at Workplace in different cities like Gwalior, Hyderabad, Chandigarh, Hubli, Chennai, Dehradun. These sessions facilitated discussions among stakeholders, including government bodies, industries, and standard organizations, to improve safety practices at the workplace and raised awareness about labour safety standards and promoting their implementation.

    Workplace safety is a critical component of occupational health, ensuring employee well-being and reducing risks that may lead to injuries or fatalities. The introduction and adherence to newly developed safety standards provide comprehensive guidelines for mitigating workplace hazards. The Bureau of Indian Standards (BIS) has established various Indian Standards on Respiratory Protection, Fall Prevention, and Fire Safety to enhance overall occupational health and safety (OHS), safeguarding workers and fostering a safer working environment.

    1. Respiratory Protection Standards and their Role in Occupational Health and Safety: Respiratory protection is crucial in industries such as mining, construction, chemical processing, and healthcare, where workers are exposed to harmful airborne contaminants. The Indian Standards (IS) for respiratory protective devices ensure that workers have access to high-quality protective equipment, reducing the risk of respiratory illnesses. Key Indian Standards in Respiratory Protection are given as under:
    1. IS 9473: 2002– Respiratory protective devices — Filtering half masks to protect against particles.
    2. IS 14166: 1994– Respiratory protective devices – Self-contained open-circuit compressed air breathing apparatus.
    3. IS 14746: 1999– Respiratory protective devices – Self-contained closed-circuit breathing apparatus.
    4. IS 15803: 2008– Respiratory protective devices – Powered filtering devices incorporating a helmet or hood.
    5. IS 10245 (Part 1): 1996– Respiratory protective devices – Self-contained breathing apparatus.
    6. IS 10245 (Part 2): 2023– Industrial and firefighting self-contained breathing apparatus.
    7. IS 10245 (Part 3): 1999– Respiratory protective devices – Chemical oxygen apparatus.
    8. IS 10245 (Part 4): 1982– Respiratory protective devices – Industrial and mining oxygen respirators.
    1. Fall Prevention Standards and their Role in Occupational Health and Safety: Falls from height are a leading cause of workplace fatalities and injuries. The IS 3521 series provides guidelines on personal fall protection systems to mitigate risks in industries such as construction, manufacturing, and warehousing. Key Indian Standards in Fall Prevention are given as under:
    1. IS 3521 (Part 1): 2021 – Full-body harnesses.
    2. IS 3521 (Part 2): 2021– Lanyards and energy absorbers.
    3. IS 3521 (Part 3): 2000 – Self-retracting lifelines.
    4. IS 3521 (Part 4): 2021– Vertical anchorage systems.
    5. IS 3521 (Part 5): 2021  – Horizontal anchorage systems.
    6. IS 3521 (Part 7): 2021 – Connectors.
    7. IS 3521 (Part 8): 2021 – Rescue equipment.
    8. IS 3521 (Part 9): 2021 – Anchorage devices.
    1. Fire Safety Standards and their Role in Occupational Health and Safety: Fires pose a significant threat to workplace safety, particularly in industries handling flammable materials. The implementation of stringent fire safety standards ensures that workers are adequately protected from burns, smoke inhalation, and other fire-related hazards. Key Indian Standards in Fire Safety are given as under:

     

    1. IS 16890: 2024  – Firefighter suits.
    2. IS 16874: 2018 – Firefighter gloves.
    3. IS 15683: 2018 – Fire extinguishers.
    4. IS 2745: 1983 –  Non – Metal helmet for firemen and Civil Defence personnel
    5. IS 18582 (Part 6): 2024 – Foot wear used by Firefighters

    This information was given by the Union Minister of State for the Ministry of Consumer Affairs, Food and Public Distribution, Shri B.L. Verma in a written reply today in the Rajya Sabha.

     

    *****

    Abhishek Dayal/Nihi Sharma

    (Release ID: 2114827) Visitor Counter : 39

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Speech by CE at Global Free Trade Ports Development Forum of Boao Forum for Asia Annual Conference 2025 in Hainan (English only) (with photos)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Chief Executive, Mr John Lee, at the Global Free Trade Ports Development Forum of the Boao Forum for Asia Annual Conference 2025 in Hainan today (March 25):

    Honourable Ban Ki-moon, Chairman of the Boao Forum for Asia; Honourable Zhou Xiaochuan, Vice Chairman (Vice Chairman of the Boao Forum for Asia); Honourable Akylbek Japarov, Former Chairman of the Cabinet of Ministers of the Kyrgyz Republic, distinguished guests, ladies and gentlemen,

    Before I address the audience, I would also like to thank Honourable Liu Xiaoming (Governor of Hainan Province) for organising this very successful forum and taking care of all of us. It gives me great pleasure to join you at the Boao Forum for Asia Annual Conference, a beacon of dialogue and co-operation.

    I have decided to speak in English today because I am addressing a global audience, and I want to speak to you directly in the business language that Hong Kong always uses, in addition to Chinese, when we speak to the world. The Boao Forum for Asia is an international organisation, jointly initiated by over 20 member states and headquartered here in China, our country. 

    Hong Kong is a global city that thrives on connecting the world. That’s why I’m pleased to share with you in today’s forum on the global free trade port development. For over a century, Hong Kong has thrived as a free port. Now an international financial, shipping and trade centre, Hong Kong is celebrated for its strategic location and world-class connectivity.

    As a founding member of the World Trade Organization, Hong Kong champions free and multilateral trade. A city of just over 1 100 square kilometres in area and 7.5 million in population, Hong Kong is the world’s 10th largest merchandise trading entity. We are also the world’s fourth-largest destination for foreign direct investment.

    Last year, Hong Kong was once again ranked the world’s freest economy. In the latest Global Financial Centres Index published just last week, Hong Kong maintained its third place globally, and first in Asia. In the latest World Competitiveness Yearbook, Hong Kong ranked fifth globally, up two places from the previous year.

    These are all for good reasons. Under the unique “one country, two systems” principle, Hong Kong is the only world city that combines the China advantage with the global advantage. We boast a long tradition of the rule of law, and have an established common law regime that aligns with major global financial hubs. 

    Both Chinese and English are our official languages, and our professionals are well-versed in international as well as Mainland Chinese business practices. Our wide range of talent admission schemes, coupled with a simple and low tax regime that maxes out at 15 per cent for income tax and 16.5 per cent for corporate tax, ensures that we welcome a world of professionals who are keen to develop their full potential .

    But, as is evident in the theme of this year’s conference, “Asia in the Changing World: Towards a Shared Future”, this is indeed a changing world, and a challenging world as well. From geopolitical shifts and supply chain disruptions, to poverty and the urgent call for sustainability, the unprecedented challenges we face have left many at sea. Yet, within these challenges lie opportunities. Asia, now an engine of global growth, must promote multilateralism and reject protectionism.

    We are devoted to deepening international exchange and collaboration. Hong Kong has signed investment agreements covering 33 economies, and free trade agreements covering 21 economies. We aspire to add the Regional Comprehensive Economic Partnership – the world’s largest free trade pact – to our free trade agreements soon, and better contribute to regional co-operation.

    Recently, we signed an amendment to the Agreement on Trade in Services of CEPA, the Mainland and Hong Kong Closer Economic Partnership Arrangement. It contains policy breakthroughs that grant Hong Kong enterprises and professionals unparalleled, and timely, access to the Mainland market.

    In the latest Report on the Work of the Government, delivered by Premier Li Qiang earlier this month, our country will step up the implementation of core policies for the Hainan Free Trade Port, and enhance the performance of pilot free trade zones. 

    Hong Kong is proud to be a part of the Global Free Trade Zone (Port) Partnership Initiative, launched at this very forum two years ago. We will continue to join hands with our friends in Hainan in promoting the vast opportunities, and benefits, that free trade and market liberalisation could bring to the world.

    Ladies and gentlemen, in this changing world, it is important to unite our efforts as a whole to pursue a brighter future. As responsible economies, we could all do our part in expanding free trade, streamlining customs, and harmonising standards. 

    As the saying goes, “a rising tide lifts all boats” – its Chinese equivalent would be “水漲船高”. Today, we are all gathered in Hainan, a tranquil island blessed with the beauty of nature. But far from being on its own, this place is surrounded by a sea of opportunities and connectivity. Go alone; you may go fast. Go together; we go far. Together, we can bring about positive changes to our shared future. Together, we can achieve so much more.

    On that note, I wish you a very fruitful Boao Forum for Asia Annual Conference – one that is full of fruits for thoughts, fruits for actions and, of course, also fruits to eat, in this charming tropical city. Thank you! 

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: External merchandise trade statistics for February 2025

    Source: Hong Kong Government special administrative region

    External merchandise trade statistics for February 2025 
         Due to the difference in timing of the Chinese New Year holidays, it is more appropriate to analyse the trade figures for January and February taken together in making year-on-year comparison.
     
         Taking January and February of 2025 together, the value of total exports of goods increased by 6.5% over the same period in 2024. Concurrently, the value of imports of goods increased by 5.7%. A visible trade deficit of $34.6 billion, equivalent to 4.6% of the value of imports of goods, was recorded in the first two months of 2025.
     
         In February 2025, the value of total exports of goods increased by 15.4% over a year earlier to $327.9 billion, after a year-on-year increase by 0.1% in January 2025. Concurrently, the value of imports of goods increased by 11.8% over a year earlier to $364.2 billion in February 2025, after a year-on-year increase by 0.5% in January 2025. A visible trade deficit of $36.3 billion, equivalent to 10.0% of the value of imports of goods, was recorded in February 2025.
     
         Comparing the three-month period ending February 2025 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 8.6%. Meanwhile, the value of imports of goods increased by 3.4%.
     
    Analysis by country/territory
     
         Comparing February 2025 with February 2024, total exports to Asia as a whole grew by 25.0%. In this region, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+114.2%), Taiwan (+73.0%), the Philippines (+32.3%) and the mainland of China (the Mainland) (+29.5%). On the other hand, a decrease was recorded in the value of total exports to India (-29.8%).
     
         Apart from destinations in Asia, decreases were registered in the values of total exports to some major destinations in other regions, in particular the Netherlands (-44.7%) and the USA (-18.5%). On the other hand, an increase was recorded in the value of total exports to the United Kingdom (+61.0%).
     
         Over the same period of comparison, increases were registered in the values of imports from some major suppliers, in particular France (+77.9%), the United Kingdom (+77.6%), Vietnam (+52.4%), Taiwan (+42.6%), Malaysia (+41.7%) and the Mainland (+18.1%). On the other hand, a decrease was recorded in the value of imports from Korea (-31.4%).
     
         For the first two months of 2025 as a whole, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+89.9%), Taiwan (+29.2%), Singapore (+18.3%) and the Mainland (+10.9%). On the other hand, decreases were recorded in the values of total exports to the United Arab Emirates (-38.2%) and India (-25.6%).
     
         Over the same period of comparison, increases were registered in the values of imports from some major suppliers, in particular France (+106.7%), the United Kingdom (+58.7%), Vietnam (+50.4%), Malaysia (+48.1%), Taiwan (+39.9%) and the Mainland (+2.0%). On the other hand, a decrease was recorded in the value of imports from Korea (-25.3%).
     
    Analysis by major commodity
     
         Comparing February 2025 with February 2024, increases were registered in the values of total exports of some principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $27.3 billion or +20.8%) and “office machines and automatic data processing machines” (by $20.5 billion or +68.9%). 
     
         Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $23.2 billion or +16.9%) and “office machines and automatic data processing machines” (by $16.6 billion or +76.3%).
     
         For the first two months 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 $35.5 billion or +53.2%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $23.0 billion or +7.3%).
     
         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 $30.5 billion or +63.3%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $30.2 billion or +10.1%).
     
    Commentary
     
         A Government spokesman said that Hong Kong’s merchandise exports continued to see solid increase in general in early 2025. Taking the first two months of 2025 together to remove the effect of the earlier arrival of the Chinese New Year this year, the value of merchandise exports grew by 6.5% over a year earlier. Exports to the Mainland increased visibly, and those to many other Asian markets also increased. Exports to the United States rose marginally, while those to the European Union declined.
     
         Looking ahead, the tariff measures introduced so far by the United States and the uncertainties surrounding protectionist policies would continue to pose challenges to Hong Kong’s merchandise trade performance. Nevertheless, the sustained growth in global economy in particular the Mainland economy, should render support to Hong Kong’s exports. The Government will monitor the situation closely.
     
    Further information
     
         Table 1 presents the analysis of external merchandise trade statistics for February 2025. Table 2 presents the original monthly trade statistics from January 2022 to February 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 February 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 February 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 February 2025 will be released in mid-April 2025.
     
         The February 2025 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in February 2025 and will be available in early April 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

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PUBLIC AWARENESS AND PARTICIPATION IN ANIMAL WELFARE

    Source: Government of India (2)

    Posted On: 25 MAR 2025 12:49PM by PIB Delhi

    One of the key functions of the Animal Welfare Board of India (AWBI), under Section 9(k) of the Prevention of Cruelty to Animals Act, 1960, is to impart education on the humane treatment of animals and promote public awareness against the infliction of unnecessary pain or suffering on animals. This is achieved through various means, including lectures, books, posters, cinematographic exhibitions, and more. Various steps taken to enhance public awareness and participation in animal welfare initiatives, particularly among school children are placed at Annexure-1.

    AWBI is publishing various guidelines, regulations and booklets so as to sensitize the law enforcement authorities on the issues related to animal welfare laws. AWBI also organized the training programmes for the Law enforcement authorities to sensitize them on the issues related to animal welfare laws.

    During this financial year, a One-day training programme was conducted for the Police Officials on 19.10.2024 at Police Training School, Thanisandra, Bengaluru on Animal Welfare Laws. During this training, sessions on Importance on Animal Welfare, PCA Act, 1960, Regulations on Slaughter and Transportation of Animals, ABC Rules and Practical Training and case studies were covered. The subject experts in the field of animal welfare laws and rules delivered their lectures to sensitize the officials of the Police Department. The Superintendent of Police and Principal, Police Training School and his team coordinated in successful conducting of the training programme.

    AWBI has published four books to create awareness amongst the State Governments and UTs including Law enforcement authorities as per the details given below:

    1. Law Enforcement Handbook on Animal Welfare Laws
    2. Animal Law Handbook for Urban Local bodies
    3. Handbook for Veterinary Officers on Animal Welfare Laws
    4. Revised Animal Birth Control (ABC) module for Street Dogs Population management, rabies eradication and reducing man-dog conflict.

    AWBI, on receipt of complaints regarding cruelty to animals from various parts of the country, is taking up the matters with the concerned State Governments and District Collectors / Magistrates / District Superintendent of police sensitizing them about the existing animal welfare laws for conducting an enquiry to the cruelty matters. The State Authorities are empowered to initiate appropriate action against the offenders meting out cruelty to animals and to take action as per the law.

    The details of letters issued for awareness for Amroha, Uttar Pradesh are given in Annexure-2.

    As per Section 3 of the Prevention of Cruelty to Animals Act, 1960, it shall be the duty of every person having the care or charge of any animal to take all reasonable measures to ensure the well-being of such animal and to prevent the infliction upon such animal of unnecessary pain or suffering.

    Also, as per Section 11(1)(i) of the PCA Act, 1960, If any person, without reasonable cause, abandons any animal in circumstances which render it likely that it will suffer pain by reason of starvation or thirst; he shall be punishable, in the case of a first offence, with fine which shall not be less than ten rupees but which may extend to fifty rupees and in the case of a second or subsequent offence committed within three years of the previous offence, with fine which shall not be less than twenty-five rupees but which may extend to one hundred rupees or with imprisonment for a term which may extend to three months, or with both

    As per the Article 246(3) of the Constitution of India in List II of Seventh Schedule the Preservation, protection and improvement of stock and prevention of animal diseases; veterinary training and practice is under State list on which the State has exclusive power to make laws for such State or any part thereof with respect to any of the matters enumerated in List II in the Seventh Schedule. Accordingly, it is the responsibility of the local bodies to take care of the stray animals and to regularize the process of registration of the Pet Ownership in their respective municipal areas, which will help in monitoring the number of pet animals.

    Details of rules notified and advisories issued by the Central Government are placed at Annexure – 3.

    Annexure-1

    Steps taken to enhance public awareness and participation in animal welfare initiatives, particularly among school children

    1. AWBI has been consistently encouraging animal welfare organizations and individuals by nominating them as Honorary Animal Welfare Representative (HAWR) to extend educational programs to schools by organizing activities such as poster competitions, painting contests, and essay writing competitions. These programs aim to foster compassion towards animals and help shape better, more responsible citizens.
    2. To support these efforts, AWBI has developed educational modules for school children in two age groups: Class V-VIII and Class IX-XII. These modules cover various topics aimed at raising awareness and sensitizing students about animal welfare. For Classes V-VII, the subjects include Compassion for Animals, Animal Behavior, Animal Cruelty, Responsible Pet Ownership, and Animal Superstition. For Classes IX-XII, the modules cover more advanced topics like Veterinary Help for Pet and Street Animals, Conflict Mitigation, Achievements in Animal Welfare, Animal Welfare and Sustainability, Human Health, and Ahimsa (Culture and Heritage in India). These modules have been circulated to the Department of Education in all State Governments and UTs to ensure wide dissemination.
    3. AWBI has also initiated training programs in schools to ensure that its message reaches young children effectively. In addition, regular seminars, workshops, and awareness programs conducted by State Governments and animal welfare organizations play a crucial role in sensitizing the public, particularly animal lovers.
    4. The AWBI regularly issues advisories and circulars to raise public awareness about animal welfare. These advisories are issued during key events such as Animal Welfare Fortnight (January 14 to 30), World Animal Day, World Rabies Day, humane celebrations of Deepavali, and during the summer and winter seasons to emphasize animal welfare concerns.
    5. Moreover, AWBI conducts training programs for Honorary Animal Welfare Representatives and issues Colony Animal CareTaker authorization letters to compassionate individuals who care for community animals in their local areas. These efforts help in promoting the well-being of animals and fostering a compassionate society.

    Annexure-2

    Letters issued for awareness for Amroha, Uttar Pradesh

    S.No.

    Date of Complaint

    Subject of Complaint

    Letter to whom

    1

    31.05.2022

    Request to take necessary action to save life of stray animals in Amroha

    Letter dated 31.05.2022 was issued to the District Magistrate, Amroha, Uttar Pradesh

    2

    13.04.2024

    Requested to implementation the provisions of the Animal Birth Control Rules, 2023 and AWBI Module to control the population of the street dogs effectively in District Amroha

    Letter dated 24.04.2024 was issued to the Member Secretary, Uttar Pradesh State Animal Welfare Board & The Director, Animal Husbandry Department, Directorate of Animal Husbandry, Gokarnnath Rd, Badshah Bagh, Lucknow and The Municipal Commissioner Municipal Corporation of Amroha

    3

    07.02.2025

    Complaint against the owner of the Pit Bull for attacking and killing a Community Dog in Amroha, Uttar Pradesh

    Letter dated 04.03.2025 was issued to the Member Secretary, Uttar Pradesh State Animal Welfare Board & The Director, Animal Husbandry Department, Directorate of Animal Husbandry, Gokarnnath Rd, Badshah Bagh, Lucknow

    Annexure-3

    Details of rules notified and advisories issued by the Central Government

    1. The Central Government has also notified the Prevention of Cruelty to Animals (Dog Breeding and Marketing) Rules, 2017 and Prevention of Cruelty to Animals (Pet Shop) Rules, 2018 to regulate the illegal breeding of animals and to regulate the sale or trade in pet animals respectively. These Rules are being implemented by the respective State Governments and UTs.
    2. The AWBI had issued several advisories in relation to stray dogs and pet animals:
      1. Pet Dogs and Street Dogs Circular dated 26.02.2015.
      2. Circular to all DGPs of all States/UTs regarding harassment to Citizens showing compassion to animals dated 25-08-2015 and 28.10.2015.
      3. Advisory to initiate necessary action for rescue and rehabilitation of stray animals dated 12-07-2018.
      4. Advisory to identify sufficient number of feeding spots for stray dogs in every district and to properly implement the (AWBI Revised Guidelines on Pet dogs and street dogs) dated 03.03.2021.
      5. Request to properly implement and circulate the standard protocol for the adoption of community animals dated 17.05.2022.
      6. Guidelines for use of Muzzle on Dogs and care of community dogs dated 17.08.2022.
      7. Request to Principal Secretary, Urban Development and Animal Husbandry as well as to the Commissioner, Municipal Corporation of all Districts of all State/UTs to implement the provision of ABC Rules, 2023 dated 31.03.2023.
      8. Request to all District Magistrate of all Districts of all State/UTs to implement the provision of ABC Rules, 2023 dated 30.05.2023.

    This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Prof. S.P. Singh Baghel, in a written reply in Lok Sabha on 25th March, 2025.

    *****

    AA

    (Release ID: 2114719) Visitor Counter : 65

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Written question – Impact on citizens of the Green Deal, the Clean Industrial Deal and a possible carbon levy – E-000911/2025

    Source: European Parliament

    Question for written answer  E-000911/2025/rev.1
    to the Commission
    Rule 144
    Auke Zijlstra (PfE), Sebastiaan Stöteler (PfE)

    Since the Green Deal was launched, the EU has been contending with accelerating deindustrialisation, rising production costs and declining competitiveness, while more and more firms are shifting production to third countries.

    • 1.Does the Commission acknowledge that the Green Deal has been a factor in this industrial downturn, or can it demonstrate that its policies are not the cause of the erosion of European industry?
    • 2.How will the Commission ensure that the Clean Industrial Deal bolsters European industry and what indicators will it use to assess the economic impact of this policy?
    • 3.Does the Commission intend to introduce a direct carbon levy for citizens – on top of the EU Emissions Trading System (ETS) – as an additional component of its climate policy, or is this just a proposed own resource forming part of the EU budget?

    Submitted: 4.3.2025

    Last updated: 25 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Lake Trichonida – ‘Energy Centre’ in a Natura area – E-001078/2025

    Source: European Parliament

    Question for written answer  E-001078/2025
    to the Commission
    Rule 144
    Maria Zacharia (NI)

    Lake Trichonida, covering an area of 98.6 square kilometres (km2), is the largest lake in Greece and the ecosystems it hosts have been designated Special Area of Conservation (SAC) GR2310009, Special Protection Area (SPA) GR2310013, Important Bird Area (IBA) GR091, Wildlife Refuge (WRF) and Corine Biotope, while it is also in constant interaction with the ecosystems of Panaitoliko, Arakynthos, the mountains of Nafpaktia, the Achelous and Dimikos rivers, the Agrinio plain, Makryneia, the lakes of Amvrakia and Lysimachia, the Ambracian Gulf and the Missolonghi lagoon (Ramsar wetlands), so that any environmental degradation or destruction in one of them will also affect the others.

    Recently, residents have been confronted by the intention of construction companies to convert the lake into an ‘energy centre’ by building more pumped storage units, while an Environmental Impact Study has already been submitted for licensing for the construction of a pumping station project with a capacity of five million cubic metres of water. Such a change will be a springboard for the general degradation of the natural environment of the area, with social and economic implications.

    In view of the above:

    • 1.Is the Commission aware of the programme to convert a rare habitat into an ‘energy centre’?
    • 2.What does the Commission intend to do to prevent the destruction of the largest wetland of European and international interest in Greece?

    Submitted: 12.3.2025

    Last updated: 25 March 2025

    MIL OSI Europe News

  • MIL-OSI: ThinkMarkets launches a new loyalty programme for its clients

    Source: GlobeNewswire (MIL-OSI)

     

    LONDON, March 25, 2025 (GLOBE NEWSWIRE) — ThinkMarkets, a globally recognised leader in multi-asset online trading, recently announced the launch of ThinkRewards, its new loyalty programme, designed to recognise and reward both new and existing clients who trade with ThinkMarkets on a recurring basis. 

    The programme allows clients to earn points through their trades, with points for special occasions, events, referrals, and more coming soon. The more points a trader accumulates, the higher they can climb through the tiers and redeem them for trading credit or cash. 

    There are five status tiers: Classic, Silver, Gold, Platinum, and Diamond. All clients begin with Silver Status and can earn points over time to progress through the tiers, unlocking more points and greater rewards.

    ThinkRewards is available exclusively on its flagship platform, ThinkTrader. The programme is entirely automated and can be accessed via ThinkMarkets client portal.

    Commenting on the launch, co-CEO of ThinkMarkets, Nauman Anees, said:

    “At ThinkMarkets, we’re committed to recognizing our loyal traders and rewarding them every time they trade. Our success relies heavily on maintaining a happy, loyal client base, so it’s important for us to continually explore new ways to encourage them to stay. That’s why we’re excited to launch initiatives like ThinkRewards, designed to enhance the trading experience on ThinkTrader and provide even more value to our clients.”

    More information about ThinkRewards is available on the ThinkMarkets website here

    About ThinkMarkets

    ThinkMarkets is a global, multi-regulated online brokerage established in 2010, offering clients quick and easy access to 4,000+ CFD instruments across FX, indices, commodities, equities, and more. ThinkMarkets has offices in London, Melbourne, and Tokyo, and hubs in the Asia-Pacific, Europe, and South Africa. It also operates with several financial licences around the globe and delivers some of the industry’s most recognised trading platforms, including its award-winning platform, ThinkTrader.

    Contact
    Chantelle Lea
    ThinkMarkets
    pr@thinkmarkets.com

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e7a3a3d2-8c92-4b87-9b3a-33f0f6db5126

    The MIL Network

  • MIL-OSI Asia-Pac: CE arrives in Hainan to attend Boao Forum annual conference (with photos/video)

    Source: Hong Kong Government special administrative region

    CE arrives in Hainan to attend Boao Forum annual conference (with photos/video) 
    Addressing the forum, Mr Lee said that Hong Kong, as an international financial, shipping, and trade centre, enjoys a strategic location and world-class connectivity, championing free and multilateral trade. Under the principle of “one country, two systems”, Hong Kong is the only world city that combines the China advantage with the global advantage. It boasts a long tradition of the rule of law and has an established common law regime that aligns with major global financial hubs.
     
    Mr Lee noted that as a participant in the Global Free Trade Zone (Port) Partnership Initiative, Hong Kong will continue to collaborate with Hainan in promoting the vast opportunities that free trade and market liberalisation could bring to the world.
     
    In the evening, Mr Lee attended a dinner with leaders of Hainan Province to exchange views on deepening Hong Kong’s co-operation with Hainan.
     
    Additionally, the Secretary for Innovation, Technology and Industry, Professor Sun Dong, attended the “Enhance Digital Capacity Building & Bridging Digital Divide” forum this afternoon. He outlined Hong Kong’s move to accelerate digital economy development through strengthening digital infrastructure and fostering digital transformation. The Government is pressing ahead with the Digital Corporate Identity Platform project at full speed. By adhering to the principle of “promoting technology with talent, leading industries with technology, and attracting talent with industries”, the Government will provide more quality jobs and development opportunities for innovation and technology (I&T) and digital talent in Hong Kong and for those coming to Hong Kong, thereby pooling I&T talent from around the globe.
     
    Mr Lee will meet with leaders of Hainan Province and attend the signing ceremony of Memoranda of Understanding between the Hong Kong Special Administrative Region Government and the People’s Government of Hainan Province tomorrow (March 26).
    Issued at HKT 18:30

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI: Subsea 7 S.A. Notice of Annual General Meeting and Extraordinary General Meeting

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 25 March 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today published and distributed to eligible holders of Common Shares and American Depositary Receipts the Notice of Meeting and supporting materials for the Annual General Meeting of Shareholders (the AGM) and the Extraordinary General Meeting of Shareholders (the EGM).

    The AGM is scheduled to take place at 15:00 (local time) on 8 May 2025 at the Company’s registered office, 412F, route d’Esch, L-1471 Luxembourg and the EGM will take place immediately thereafter.

    The holders of American Depositary Receipts (“ADRs”) on record at the close of business on 26 March 2025 and the holders of common shares on record at the close of business on 24 April 2025 will be entitled to vote. The deadline for submission of votes for holders of ADRs is 24 April 2025 and for holders of common shares is 2 May 2025.

    The Notice of Meeting and supporting materials, including the full text of the proposed changes to the articles of association, the report of the board of directors with respect to the requested authorisation to waive, limit and suppress the preferential subscription rights of existing shareholders, as well as copies of the 2024 statutory and consolidated financial statements of the Company can be found on the Company’s website, subsea7.com.

    Due to the fact that the Company is incorporated in Luxembourg, the Company’s affairs are governed by the provisions of Luxembourg company law. Under these provisions and the provisions of the Company’s articles of association, the AGM and EGM will be restricted to the administrative matters set out in the Notice of Meeting. Please note that the proposed combination of Subsea7 and Saipem, as announced on 23 February 2025, will not form part of the agenda at the EGM. An extraordinary general meeting will be convened at a later date in relation to the proposed combination.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 25 March 2025 at 10:30 CET.

    Attachments

    The MIL Network

  • MIL-OSI: Subsea 7 S.A. announces proposed nominations to the Company’s Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 25 March 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that at the AGM on 8 May 2025, the Board of Directors will ask shareholders to approve the following nominations to the Board of Directors:

    • The election as Independent Director of Ms Lucia de Andrade
    • The re-election as Independent Directors of Mr Eldar Sætre and Ms Elisabeth Proust van Heeswijk
    • The re-election as Directors of Ms Louisa Siem and Treveri S.à r.l., a Luxembourg company, with Mr Kristian Siem, its 100% owner, to continue as its permanent representative.

    Biographical details of those standing for election are included in the published AGM materials.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 25 March 2025 at 10:30 CET.

    Attachment

    The MIL Network

  • MIL-OSI Africa: Afreximbank breaks ground on historic state-of-the-art Afreximbank African Trade Centre (AATC) in Barbados, first outside Africa

    Source: Africa Press Organisation – English (2) – Report:

    BRIDGETOWN, Barbados, March 25, 2025/APO Group/ —

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com/), Africa’s leading Multilateral Financial Institution, made history today when it broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal moment for trade relations between Africa and the CARICOM region.

    The US$180 million Barbados AATC, the first to be established outside Africa, is an authentic icon of trade embodying the ambition, resilience, and influence of leading commercial cities in Africa and the Caribbean that serve as dynamic focal points for commerce, fostering regional and global trade connections.  It is expected to enhance intra-and extra-African trade, with a focus on countries of the Global South through Afreximbank’s Global Africa initiative.

    To facilitate the construction of its iconic AATC in its capital, Bridgetown, the government of Barbados granted Afreximbank 6.4 acres of land at Jemmotts Lane, the former Ministry of Health headquarters. Upon completion, the business complex will house Afreximbank’s CARICOM office, a conference facility, a technology and SME incubator, a Digital Trade Gateway, 100 room hotel, and a trade and exhibition centre, as well as office spaces for local, regional and international financial and policy organisations. This groundbreaking event marks the official commencement of construction for this historic project and is a significant step in Barbados and CARICOM’s journey towards economic advancement and regional integration.

    Afreximbank initiated the AATC concept following a 2018 Board decision to create trade facilitation hubs in key commercial capitals across Africa. These hubs will provide integrated trade information, services, finance, and ancillary facilities. Nine leading commercial cities were subsequently selected to host the network of AATCs across Africa and the Caribbean. They include Abuja (Nigeria), Harare (Zimbabwe), Kampala (Uganda), Cairo (Egypt), Abidjan (Cote d’Ivoire),Yaoundé (Cameroon), Bridgetown (Barbados), Kigali (Rwanda) and Tunis (Tunisia).They will serve to link buyers, sellers, suppliers, service providers, enterprises, governments, chambers of commerce, financial institutions, economic development organisations and the general African and global trade and investment community.

    Delivering the keynote address during the event, The Honourable Mia Amor Mottley, Prime Minister of Barbados and Chairman of the Caribbean Community (CARICOM), highlighted the site’s historical significance as the location of Barbados’ first hospital, opened in 1844 to look after the health of emancipated slaves.

    “My government stands proud here today to be able to bring in to the pantheon of financial institutions in this country, Afreximbank, not simply as an entity that is leasing a building from somebody for an office, but as an institution ready to lay roots and foundations in this country – the first AATC outside of Africa, just like Barbados was the first hub (for slaves) outside of the continent of Africa, and in so doing, we send the signal that we intend to be able to reclaim our Atlantic Destiny.”

    She added: “Professor Oramah, I ask you to accept, on behalf of Afreximbank, this clear offer from the Government of Barbados to make available this gesture of over two hectares of land to ensure that the investment will bring jobs to the people of Barbados; that it will bring foreign exchange and investment opportunities to the people of Barbados and the region.”

    Speaking during the groundbreaking, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, thanked the Hon. Mia Mottley, her government and its people for the warm welcome and for being a strong agent for the reunification of Global Africa and hosting Barbados AATC that will also serve as Afreximbank’s regional CARICOM office.

    Prof. Oramah said: “The Barbados AATC will serve as the gateway for Afri-Caribbean trade and investments, creating opportunities for doing business with the Caribbean and for Caribbeans doing business in Africa.

    He expressed confidence that the project would deliver tangible positive economic, community and social impact to Barbados and the Caribbean region by enhancing trade and fostering sustainable development. Prof. Oramah assured the Prime Minister and other leaders present that Afreximbank remained committed to supporting the economic growth and prosperity of Africa and the Caribbean by attracting investments, removing barriers to trade and reshaping the narrative of business in the region.

    The event also featured the official handover of the land for the project from the Government of Barbados to Afreximbank. Construction of the complex is projected to take approximately 30 months, generating around 1,000 direct and indirect jobs during this phase. Additionally, about 50 SMEs will benefit from business opportunities as subcontractors and suppliers of construction materials, labour, and other services. Upon completion, the facility will create 300 permanent jobs, significantly contributing to employment. The facility will include a hotel, which will boost the supply of hotel rooms in Barbados, critical for tourism promotion. It will also house the Bank’s office as well as lettable office spaces, which are expected to be occupied by Caribbean businesses as well as African Banks and businesses that are already beginning to do business in CARICOM.

    Afreximbank has extended its credit lines to CARICOM to the tune of US$2.5 billion, aiming to bolster the region’s development, particularly on the backdrop of Guyana and Suriname’s new oil discoveries, expected to impact the entire region once fully commercialised. In 2024, the Bank provided Barbados with US$25 million for its Cricket World Cup sports complex refurbishment, and currently has deals worth US$500 million in the pipeline.

    Meanwhile, Hon. Dickon Amiss Thomas Mitchell, Prime Minister of Grenada, noted that in the very short period since the Bank landed by choice on the shores of the Caribbean, the region has benefitted tremendously.

    PM Mitchell added: “Grenada will follow Barbados, Guyana and The Bahamas, hosting on July 28 and 29 the Afreximbank Trade and Investment Forum in Grenada. And we do so cognisant of the economic opportunities, trade, investment, financing, the movement of our people, our goods and services between the continent of Africa and the Caribbean.”

    Also participating in the groundbreaking ceremony was Dr. Carla Barnett, Secretary General of CARICOM, Afreximbank’s Board Members, the Bank’s Senior Executive Vice President and Vice Presidents and several other notable local and regional government officials and business leaders.

    MIL OSI Africa

  • MIL-OSI: Municipality Finance issues a USD 50 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    25 March 2025 at 11:00 am (EET)

    Municipality Finance issues a USD 50 million tap under its MTN programme

    On 26 March 2025 Municipality Finance Plc issues a new tranche in an amount of USD 50 million to an existing benchmark issued on 22 January 2025. With the new tranche, the aggregate nominal amount of the benchmark is USD 400 million. The maturity date of the benchmark is 2 February 2029. The benchmark bears interest at a floating rate equal to Compounded SOFR plus 100 bps per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the benchmark are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 26 March 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Daiwa Capital Markets Europe Limited act as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI United Kingdom: Crack down on criminals using self-storage facilities 25 March 2025 Isle of Wight cracks down on criminals using self-storage facilities for illicit activities

    Source: Aisle of Wight

    Self-storage businesses across the Isle of Wight are joining forces to prevent criminals from using self-storage facilities to house counterfeits and illicit goods.

    The TickBox scheme, a national scheme designed to keep criminals out of self-storage facilities, was introduced to the Island in 2020. Since then, self-storage business including Barn Store, Cowes Movers, Isle of Wight Removals and Storage and InnerSpaces Self Storage, have joined the scheme ensuring their businesses are doing their utmost to keep their premises, and by extension their customers safe from illegal activity.

    In recent years, enforcement action by Trading Standards in England and Wales and the police have resulted in the seizure of thousands of counterfeit items estimated to be worth millions of pounds, disrupting criminal networks.

    The benefits that self-storage facilities offer, in terms of ease of rental and ready access, can make them attractive to criminals who want to operate ‘below the radar’ and store illicit goods, including counterfeit goods and unsafe consumer products.

    However, these counterfeit goods pose a serious risk to both self-storage businesses and the public storing their belongings there. Fake products do not undergo the same rigorous safety testing as genuine products and could be highly dangerous, like fake batteries. Electrical items or unsafe chemicals could cause fires or chemical leaks, putting not only stored goods but the lives of customers and staff at risk.

    Dominic Hampson, Operations Manager at InnerSpaces, based in Cowes, shared how Tick Box has been invaluable in highlighting potentially suspicious behaviour.

    ‘‘The scheme was very simple to implement, and we were supported throughout. It has strengthened our approach to customer verification and reinforced the importance of vigilance across all stages, from inquiry to contract completion.’’

    ‘‘We’ve worked hard to build the trust of our customers over the 15 years we’ve been operating on the Island. Fake and illicit goods would undermine that relationship and damage our standing within the community and industry.’’

    ‘‘Storing counterfeit products isn’t just about the immediate risks. It opens the door to a chain reaction of negative consequences, from compromising safety and security to fuelling larger societal issues. At InnerSpaces, we are committed to ensuring that our facility remains a safe, law-abiding environment for all.’’

    James Potter, Trading Standards and Community Safety Manager for the Isle of Wight Council said, “The appeal of cheaper goods may seem tempting, but counterfeit goods will be of a very poor quality and will not have gone through the same amount of rigorous testing as genuine products on the market to keep consumers safe. Purchasing counterfeit goods has further proven consequences, including contributing to job losses in the UK every year, a negative impact on the economy, impacting workers rights and being linked to organised criminal groups who are involved in serious crime. If you’re caught making or selling counterfeit goods, this can have serious implications with an imprisonment term of up to 10 years and/or an unlimited fine.

    We’re pleased to be part of the Tick Box scheme working in conjunction with the Intellectual Property Office and local businesses here on the Isle of Wight. It’s been great to work in partnership to prevent counterfeit and unsafe goods from being stored at these locations along with helping businesses be compliant. We look forward to continued partnership working as part of this scheme”.

    Tick Box is a free partnership between local Trading Standards, the Intellectual Property Office, and the Self-Storage Association UK.  It provides storage facilities with a voluntary code of practice to verify customers’ identities and the intended use of storage units.

    For more information about joining the scheme, visit Tick Box | Keep it real, keep it legal.

    MIL OSI United Kingdom

  • MIL-OSI: XploraDEX Token Explained: Why It Could Become One of the Most Valuable Assets on XRP—Join $XPL Presale

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 25, 2025 (GLOBE NEWSWIRE) — As decentralized finance continues to evolve, one thing is clear: tokens that offer real utility and ecosystem integration are the ones that rise to the top. That’s exactly why $XPL, the native token of XploraDEX, is gaining so much attention.

    Built as the driving force behind the first and only AI-powered DEX on the XRP Ledger, $XPL Token is more than just a transactional token, it’s a multi-functional asset designed to unlock deep trading intelligence, reward long-term holders, and shape the future of decentralized trading on XRPL.

    With the $XPL Presale currently live, now is the time to understand why early access to this token might be one of the smartest moves an investor can make in 2025.

    GET $XPL TOKENS NOW!

    What is $XPL?

    $XPL is the utility, governance, and rewards token powering XploraDEX, a platform that combines AI-driven trading automation with the speed and efficiency of the XRP Ledger. Every feature on XploraDEX is either powered by or optimized with $XPL.

    Key Utilities of $XPL:

    1. Access to Premium AI Tools

    $XPL holders unlock advanced trading dashboards, real-time predictive analytics, and AI-driven trade execution tools. These features give traders a measurable edge in the market.

    2. Reduced Trading Fees

    By holding and using $XPL, traders enjoy significant discounts on trading fees, ideal for high-volume users and frequent liquidity providers.

    3. Staking Rewards & Passive Income

    $XPL holders can stake their tokens to earn platform-generated revenue, enabling a sustainable income stream based on trading activity and ecosystem growth.

    4. Liquidity Mining Boosts

    $XPL incentivizes liquidity provision with yield multipliers for early adopters and active participants in farming pools.

    5. Governance & Voting Rights

    As a decentralized platform, XploraDEX is governed by its community. $XPL holders can vote on protocol upgrades, AI algorithm updates, and future ecosystem changes.

    PARTICIPATE IN XPLORADEX PRESALE

    Why $XPL Stands Out on the XRP Ledger

    The XRP Ledger is fast, scalable, and ideal for financial-grade applications—but until now, it lacked a next-gen token tied to AI automation and DeFi intelligence. $XPL fills that gap.

    Unique Advantages:

    • First AI-powered DeFi token on XRPL
    • Deeply integrated utility across the XploraDEX ecosystem
    • Deflationary mechanics to promote scarcity and long-term value
    • Backed by an active presale and growing community support

    Unlike many tokens with speculative use, $XPL Tokens is built into the very mechanics of trade execution, liquidity automation, and decision-making on XploraDEX. This gives it intrinsic utility and long-term demand.

    The $XPL Presale – Why Early Access Matters

    The current presale phase offers a unique window to acquire $XPL at the lowest possible price before the public listing. Early participants enjoy.

    With XRPL’s infrastructure gaining mainstream traction, tokens like $XPL designed for true adoption are poised for exponential upside.

    Buy $XPL token at discounted early-stage pricing: https://sale.xploradex.io

    Final Thoughts: The Token That Powers the Future of Trading

    $XPL tokens isn’t just another altcoin. It’s a multi-layered asset designed for a next-generation DEX experience, built on one of the most efficient ledgers in the industry. Its real-world utility, AI-powered architecture, and first-mover advantage on XRPL make it a serious contender for one of the most valuable assets in the ecosystem.

    Secure your $XPL Tokens now while the presale is live: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

    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/14969289-53d1-47be-96cb-8aa4948032c7

    The MIL Network

  • MIL-Evening Report: Albanese government bids for votes with ‘top-up’ tax cuts for all

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Tax cuts are the centrepiece of the Albanese government’s cost-of-living budget bid for re-election in May. The surprise tax measures mean taxpayers will receive an extra tax cut of up to A$268 from July 1 next year and up to $536 every year from July 1 2027.

    Delivering his fourth budget on Tuesday night, Treasurer Jim Chalmers described the tax relief as “modest”. It will cost the budget $3 billion in 2026-27, $6.7 billion in 2027-28 and just over $17 billion over the forward estimates.

    From July 1 2026 the 16% tax rate – which applies to taxable income between $18,201 and $45,000 – will be reduced to 15%. From July 1 2027, this will be further reduced to 14%.

    While cost of living is at the heart of the budget, apart from the tax changes, almost all the other measures have been announced. These include about $8.5 billion to strengthen Medicare (mostly to boost bulk billing) and $150 per household to extend energy relief until the end of the year. The government has also previously announced measures on cheaper medicines and improved access to childcare.

    The opposition has so far refused to say what a Coalition government would do on tax. It will now be under pressure to quickly produce a counter tax policy for the election, which is likely to be called this weekend.

    Chalmers presented a cautiously optimistic picture on the economy, while stressing the uncertain international times ahead.

    “Our economy is turning the corner,” he said. “This budget is our plan for a new generation of prosperity in a new world of uncertainty.”

    “It’s a plan to help finish the fight against inflation [and] rebuild living standards.”




    Read more:
    A ‘modest’ tax bribe, delivered against dark clouds of Trump-induced uncertainty


    After delivering two budget surpluses, this budget has deficits for the foreseeable future.

    This financial year’s deficit is estimated at $27.6 billion, rising to $42.1 billion in 2025-26 (in the December 2024 update it was expected to be $46.9 billion). The cumulative deficits across the forward estimates reach $179.5 billion.

    The budget predicts 335,000 in net migration in 2024-25, which is a fall of 100,000 from the previous year. It projects 260,000 for 2025-26.

    Chalmers described the global economy as “volatile and unpredictable” with “storm clouds” gathering. “Trade disruptions are rising China’s growth is slowing, war is still raging in Europe and a ceasefire in the Middle East is breaking down,” he told parliament.

    “Treasury expects the global economy to grow 3.25% for the next three years, its slowest since the 1990s. It’s already forecasting the two biggest economies in the world will slow next year – with risks weighing more heavily on both,” he said.

    Chalmers said Australia was “neither uniquely impacted nor immune” from the international pressures. “But we are among the best placed to navigate them.”

    Australia’s economic growth is forecast to increase from 1.5% this financial year to 2.5% in 2026-27, with the private sector “resuming its rightful place as the main driver of this growth.”




    Read more:
    The 2025 budget has few savings and surprises but it also ignores climate change


    Unemployment is projected to peak at 4.25%, lower than previously anticipated. Employment and real wage growth will be stronger and inflation was coming down faster, Chalmers said.

    “Treasury now expects inflation to be sustainably back in the [2%-3%] target band six months earlier than anticipated,” he said. “The worst is now behind us and the economy is heading in the right direction.”

    Chalmers told his Tuesday afternoon conference the budget is a “story of Australian exceptionalism”.

    He called the tax cuts “top up tax cuts” that built on the recalibrated stage 3 tax cuts. He claimed the average household with two earners would save $15,000 over four years through a combination of all these tax cuts and energy bill relief.




    Read more:
    Tax cuts are coming, but not soon, in a cautious budget


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

    ref. Albanese government bids for votes with ‘top-up’ tax cuts for all – https://theconversation.com/albanese-government-bids-for-votes-with-top-up-tax-cuts-for-all-253021

    MIL OSI AnalysisEveningReport.nz