NewzIntel.com

Category: Transport

  • MIL-OSI: Aemetis Biogas Monthly RNG Production Increased by 55% in March

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., April 08, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity renewable fuels, announced today that its production of renewable natural gas (RNG) increased 55% in March compared to February. RNG production from anaerobic dairy digesters increases during periods of warmer weather due to improved temperatures for microbial activity that converts organic material into biomethane and the higher production quantity is expected to continue through the summer.

    Aemetis Biogas also completed a sale of LCFS and D3 RINs at the end of Q1. The LCFS credits were generated from RNG dispensed as transportation fuel in Q4 2024 and were booked under the California Air Resource Board (CARB) reporting process at the end of the first quarter this year. The D3 RINs were from production and dispensing of RNG in February 2025.

    “Aemetis Biogas uses animal waste feedstock to produce domestic energy which is not directly impacted by import/export tariffs. The significant 55% increase in monthly RNG production in March compared to February is on track with our 2025 production plan and generates proportionally larger LCFS and D3 RIN revenues, as well as Section 45Z sellable tax credits,” stated Eric McAfee, chairman and CEO of Aemetis. “We are now completing construction of digesters that will process waste from four additional dairies that are expected to be operational in the next few months, supporting the sale of another round of investment tax credits and further increasing RNG production and associated revenues.”

    Aemetis Biogas is in the final phase of Low Carbon Fuel Standard (LCFS) pathway approvals for seven dairy digesters by the California Air Resources Board (CARB), which is expected to be received before the end of Q2, which should generate about $6 million per year of increased revenues from LCFS credits at current prices.

    CARB is also in the process of finalizing its November 2024 LCFS amendments that are expected to significantly increase the mandated demand for LCFS credits, and CARB just published its final proposed regulations for a fifteen-day comment period last Friday. The higher LCFS credit prices expected to be created by these regulations will further increase Aemetis Biogas LCFS revenue proportionally to the LCFS credit price increase, potentially generating up to 300% more total LCFS revenue per MMBtu of RNG.

    Aemetis Biogas continues to grow production and revenues as it builds digesters and biogas pipelines to capture methane from 50 dairies that have signed agreements to supply the Central Dairy Digester Project near Modesto, California. When completed, the Aemetis Biogas Central Dairy Digester Project is expected to generate 1.65 million MMBtu of dairy RNG each year. Since California imports more than 75% of the crude oil used to produce diesel, the Aemetis RNG project is planned to replace the primarily imported diesel consumed by trucks that drive 77 million miles per year with low emission, local RNG biofuel produced from American domestic waste sources.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    Company Investor Relations
    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network –

  • MIL-OSI: Beat the April 15 Tax Deadline, But Don’t Leave Money Behind

    Source: GlobeNewswire (MIL-OSI)

    KANSAS CITY, Mo., April 08, 2025 (GLOBE NEWSWIRE) — With the deadline to file taxes only 7 days away, H&R Block (NYSE: HRB), the company that pioneered the tax prep category 70 years ago, is providing crucial last-minute tips to help taxpayers navigate the final stretch of tax season while ensuring no dollar is left behind. According to IRS data, 2025 filings are slightly lower compared to last year1, which means millions of taxpayers will be scrambling to meet the April 15th deadline.

    “Each year, millions of taxpayers leave billions of dollars behind because they miss valuable deductions and credits they’re entitled to,” said Andy Phillips, Vice President of The Tax Institute at H&R Block. “Filing taxes can be stressful, especially when you’re facing a fast-approaching deadline, but it is important to be thorough and thoughtful when gathering documents and preparing a return because it could be the difference between owing or getting money back.”

    H&R Block’s The Tax Institute is a team of tax attorneys, CPAs, and enrolled agents who constantly monitor and analyze federal and state tax code changes to enable the company’s vast network of 60,000 tax professionals and DIY products to address each taxpayer’s unique situation, from life changes to changing tax laws.

    Tax Codes That Maximize Your Refund

    H&R Block helps over 20 million clients each year get back or keep every dollar they’ve earned. Here are the top recommendations to reduce tax liability and maximize refunds.

    • File Even If You Can’t Pay: Many people think if they can’t pay, they shouldn’t file—but that’s a big mistake. The penalty for failing to file on time is ten times the penalty for failing to pay on time. Even if you can’t pay by the due date, you will save money by filing on time.
    • Double-Check Your Dependents: Those who support an elderly parent, an adult child, or even a non-relative living in the home, might be able to claim them as a dependent and get extra credits or deductions. Many people assume only young children qualify, but taxpayers should account for all other dependents for possible tax benefits. The child and dependent care credit is another benefit that can help cover a percentage of expenses such as daycare, childcare and summer camp, for a child under 13 years old. This credit can also be available for the costs of caring for a spouse or parent if they cannot care for themselves.
    • Don’t Leave Money Behind: The most common missed credits and deductions are:
      • Education Credits: Students and parents often overlook education credits such as the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC).
      • Child Tax Credit (CTC): The Child Tax Credit is up to $2,000 per child under the age of 17, with up to $1,700 being fully refundable even if no taxes are owed.
      • Earned Income Tax Credit (EITC): This credit is designed to benefit low to moderate-income workers. Many eligible taxpayers miss out on this credit because they don’t realize they qualify.
    • Consider filing even if you aren’t required to file: Individuals who don’t meet the minimum income threshold often don’t file because they aren’t required to, but they may qualify for certain credits that result in a refund.
    • Retirement Plan/IRA Early Withdrawal Penalty: There are now two new exceptions to the 10% penalty on early withdrawals from retirement plans or IRAs for emergency personal expenses and for victims of domestic abuse.
    • Natural Disasters: Legislation passed in December allows tax filers to claim losses not reimbursed by insurance without itemizing, meaning they can deduct that loss while still claiming the standard deduction.
    • Include All Sources of Income: Everyone—and especially gig workers, side hustlers and online sellers—should pay attention to the new 1099-K rules. Many will receive a 1099-K for the first time, as the reporting threshold for online sales and third-party payment apps has lowered significantly from $20,000 to $5,000.

    Because these credits and deductions often go unclaimed, H&R Block offers a free Second Look® tax review to double-check up to three years of tax returns for missed credits or deductions. No other company offers this extensive of a review for free2.

    Expert Help No Matter How You File

    The American tax code contains nearly 10,000 sections with up to 174 pages for each, making filing taxes daunting without professional help. Filers with complex tax situations may benefit from expert assistance. H&R Block offers a range of resources and flexible filing options to help last-minute taxpayers file with confidence and get their maximum refund, guaranteed3.

    • Assisted: File in as little as one hour with options to drop off your documents, meet virtually or in-person with one of the 60,000 company tax professionals at one of 9,000 offices. H&R Block has locations in every state and within 5 miles of most Americans many of which have same-day appointments available.
    • DIY Online: File on your own with H&R Block’s DIY online filing tools, supported by AI Tax Assist and Live Tax Pro Support. Clients can ask unlimited questions through AI Tax Assist and receive live support, free of charge in all DIY paid editions.
    • Tax Pro Review: Filers using H&R Block’s intuitive DIY tax prep service, can add Tax Pro Review any time during the online filing process to have a tax pro review your tax return for any errors or missed opportunities. Once complete the tax pro will sign and file the return on the client’s behalf. This provides extra peace of mind for filers who want the flexibility of preparing their own return and the confidence of an experienced tax pro reviewing their return to ensure accuracy.
    • DIY Software: Download our award-winning desktop software trusted by millions of Americans for over twenty years.

    “Whether completing your own taxes online or getting expert assistance from one of our tax pros, we are here to help our customers file accurately, confidently and get their maximum refund guaranteed,” said Phillips.

    What To Do If You Are Unable to File On Time?

    If you are unable to file your taxes by the April 15th deadline, requesting an extension may be a good option. This will give filers until October 15th, 2025, to file a return, but it’s important to remember that an extension to file is not an extension to pay.

    Filers will still need to estimate their tax liability and pay any amount due by April 15th to avoid penalties. Remember that the IRS may have already granted extensions to those affected by natural disasters. Check the IRS website to see if you qualify for automatic relief before requesting an extension.

    To learn more about H&R Block’s tax preparation services, many ways to file, and year-round financial support, visit hrblock.com. For media assets, visit hrblock.com/tax-center/newsroom and for helpful tips and information, follow H&R Block on TikTok, Instagram, and Facebook. 

    1According to the IRS filing season statistics as of 3/28/2025.
    2At participating offices. Fees apply to file an amended return. The IRS allows taxpayers to amend returns from the previous three tax years to claim additional refunds to which they are entitled.
    3All tax situations are different. Not everyone gets a refund. See hrblock.com/guarantees for complete details.

    Editor’s Note:
    For media assets, visit hrblock.com/tax-center/newsroom or a downloadable Tax Season 2025 media kit, visit https://www.hrblock.com/tax-center/media-kit/tax-season-2025/.

    About H&R Block 
    H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.

    The MIL Network –

  • MIL-OSI: Melissa Celebrates 40th Anniversary as the Address Expert

    Source: GlobeNewswire (MIL-OSI)

    RANCHO SANTA MARGARITA, Calif., April 08, 2025 (GLOBE NEWSWIRE) — Celebrating an industry milestone, Melissa today announced its 40th anniversary as the Address Expert. The company is a global leader in data quality and address management solutions, and now marks four decades of innovation and market leadership in data quality, identity verification, and customer address management.

    Established in 1985 by Ray Melissa, the company started with a simple ZIP Code data offering aimed at improving address accuracy for mailers. Today, Melissa has grown into a global powerhouse, serving over 10,000 businesses worldwide with a robust suite of solutions that enhance address, email, phone, and identity verification. Melissa’s newly released catalog features a spectrum of integrations, tools, and services supporting customer data quality across key international arenas such as fintech and financial services, healthcare, public sector services, and online commerce.

    “For Melissa, 2025 is an incredibly special year,” said company founder Ray Melissa. “It’s gratifying to reflect on our journey—from a small data provider to an industry leader shaping the future of data quality and verification. Operating at the crossroads of customer data, global business operations, and emerging AI-driven platforms, we take pride in empowering enterprises to harness the full potential of clean, standardized data in an increasingly connected world.”

    Melissa has long focused on global growth, building partnerships that serve a worldwide enterprise customer base and support data professionals from developers to database managers to data end-users. In 2024 alone, the company introduced new integrations with FedRAMP®, Shopify, Microsoft AppSource, and Google Workspace, reinforcing its presence in cloud-based data services. Additionally, Melissa expanded its international footprint by opening new offices in Mexico and Brazil, further solidifying its role as a trusted partner across five continents.

    Beyond geographic expansion, Melissa has remained at the forefront of technological advancements in data quality. The company recently launched its Melissa Alert Service, a cutting-edge solution designed for continuous data monitoring and automated cleansing. Melissa’s success has also been built on strong collaborations with key postal agencies, technology providers, and recognized authoritative data sources. The company maintains USPS® CASS™, PAVE™, NCOALink® Service, and Canada Post SERP® certifications, ensuring its data solutions meet the highest postal standards worldwide. Melissa is also partnered with ESRI, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, with data integrations that support retailers with optimized address data for smarter ecommerce. Partnerships with Salesforce, Talend, Stripe, Snowflake, and other major platforms continue to enable seamless integrations for enterprise clients.

    “Our partnerships have been instrumental in driving Melissa’s reach,” added Melissa. “By working alongside leading global organizations and authoritative data sources, we ensure that businesses have access to the most accurate, up-to-date, and compliant data solutions available. We don’t plan on slowing down and can see a bright future for continued pioneering of smart, sharp data tools to empower business.”

    Click here to download Melissa’s 2025 Data Quality and Enrichment Catalog; to connect with members of Melissa’s global intelligence team, visit www.Melissa.com or call 1-800-MELISSA.

    About Melissa
    Powering clean customer data for 40 years, Melissa is the Address Expert. Providing address validation, address autocomplete, and geo-verified address data for 240+ countries, Melissa supports global businesses with its offices across five continents. Melissa’s suite of data quality, ID verification, and location data tools and services drives better decision-making, reduced costs, increased efficiency, and improved compliance. Our APIs, CRM and ecommerce integrations, and online tools help Melissa’s 10,000 customers worldwide process billions of addresses daily, fully capitalizing on the business value of customer data. For more information, visit www.Melissa.com or call 1-800-MELISSA (635-4772).

    Media contacts
    Greg Brown
    Vice President, Global Marketing, Melissa
    greg.brown@Melissa.com
    +1-800-635-4772 x1130

    MPoweredPR for Melissa
    pr@mpoweredpr.com
    +1-877-794-6777

    The MIL Network –

  • MIL-OSI: LightSolver Appoints Former HSBC CEO Colin Bell to Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, April 08, 2025 (GLOBE NEWSWIRE) — LightSolver, inventor of a new laser-based computing paradigm, today announced the appointment of financial and banking expert Colin Bell to its Advisory Board. Bell will assist LightSolver with its go-to-market strategy for the financial industry and global enterprise market.

    Colin Bell is a Non-Executive Director of Serendipity Capital. He previously served as Chief Executive Officer of HSBC Bank plc and HSBC Europe and as Executive Director of HSBC Bank plc. Bell has deep experience in the banking and financial industry, having also served as the Group Chief Compliance Officer and Group Head of Financial Crime Risk at HSBC Group and Head of Compliance and Operational Risk Control at UBS. Additionally, Bell has held appointments with the UK Ministry of Defence and NATO.

    LightSolver has developed an all-optical Laser Processing Unit™ (LPU) that leverages laser interactions to compute large and complex problems faster and more efficiently than the most advanced classical HPC systems. The LPU processes at the speed of light and is ideally suited for computations that require massive numbers of iterations, such as combinatorial optimization problems encountered in transport scheduling, production and supply chain optimization, or trading and portfolio optimization, as well as physical simulations for computer-aided engineering (CAE) and scientific computations.

    “The potential of LightSolver’s all-optical technology to solve complex, compute-intensive challenges is remarkable and can open up new opportunities in the financial sector,” said Bell. “The outcomes of many challenges across risk management, investment and trading could be enhanced by this advanced computing method. I look forward to working with LightSolver to shape its offering and provide impactful solutions for financial institutes and beyond.”

    LightSolver recently announced a partnership with engineering software simulation provider Ansys focused on accelerating simulations for automotive, aerospace, and other industries. It also received a €12.5M grant from the European Innovation Council (EIC) to advance its all-optical supercomputer.

    “Colin Bell brings invaluable business insight and a deep network across the financial and enterprise sectors,” said LightSolver CEO and co-founder Ruti Ben-Shlomi, Ph.D. “His experience leading major institutions will be a key asset as we scale LightSolver’s commercial efforts and position our laser-based computing platform for real-world adoption. We’re excited to work with him to accelerate our growth and bring transformative computing power to the industries that need it most.”

    About LightSolver
    LightSolver is developing an all-optical supercomputer capable of solving complex and large computational problems at the speed of light. Utilizing the interference patterns of lasers, the Laser Processing Unit™ (LPU) can tackle challenges that were previously constrained by the limits of electronics, while fitting into a rack unit and operating at room temperature. Dr. Ruti Ben-Shlomi and Dr. Chene Tradonsky, physicists from the world-renowned Weizmann Institute, founded the company in 2020. More than 2/3 of the team are physics, math and computer science PhDs. LightSolver has secured investment from TAL Ventures, Entree Capital, IBI Tech Fund, Angular Ventures, Maverick, and Artofin. The company has also received a €12.5M grant from the European Innovation Council (EIC) to advance its all-optical supercomputer. Connect with LightSolver @LightSolverCo on X and on LinkedIn. For more information, visit lightsolver.com or email info@lightsolver.com.

    Media Contact:
    Seth Menacker
    Fusion PR
    lightsolver@fusionpr.com

    The MIL Network –

  • MIL-OSI: Veritex Holdings, Inc. Announces Dates of First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 08, 2025 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or “the Company”), the parent holding company for Veritex Community Bank, today announced that it plans to release its first quarter 2025 results after the close of the market on Tuesday, April 22, 2025. The earnings release will be available on the Company’s website, https://ir.veritexbank.com/. The Company will also host an investor conference call to review the results on Wednesday, April 23, 2025 at 8:30 a.m. Central Time.

    Participants may access a live webcast of the conference call through the investor relations section of Veritex’s website, or the hosting website at https://edge.media-server.com/mmc/p/7qpcarsr/. Participants may also register via teleconference at: https://register-conf.media-server.com/register/BIcb9226ec9df94b1bbbc063029950af5d. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the call. All participants are instructed to dial-in 15 minutes prior to the start time.

    A replay will be available within approximately two hours after the completion of the call, and made accessible for one week. You may access the replay via webcast through the investor relations section of Veritex’s website.

    About Veritex Holdings, Inc.

    Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com.

    Source: Veritex Holdings, Inc.

    The MIL Network –

  • MIL-OSI Russia: The economic effect of RN-Uvatneftegaz from the implementation of innovations exceeded 3.6 billion rubles

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    In 2024, the RN-Uvatneftegaz company (part of the Rosneft oil production complex) received an economic effect of more than 3.6 billion rubles thanks to the developed projects to improve production efficiency, 47% of this effect was provided by new projects.

    In 2024, RN-Uvatneftegaz specialists developed and implemented 29 innovative solutions. The greatest effect was achieved by installing mobile modular substations at autonomous fields, which reduced the time it took to connect well pads to the power transmission network, as well as capital expenditures on the construction of energy facilities. The economic effect of the project exceeded 181 million rubles.

    A significant economic effect was also brought by the reduction in well recovery time due to the improvement of the drill string design. The solution allowed to optimize the drilling of the inclined part of the well, as well as to increase the drilling speed of extended lateral horizontal trunks. At the same time, the well recovery period was reduced almost by half, to 59 hours. The economic effect from the implementation of the project exceeded 91 million rubles.

    Over the 6 years of operation of the production efficiency improvement system, RN-Uvatneftegaz specialists have developed 140 production efficiency improvement projects. The total economic effect from the implemented solutions exceeded 18.6 billion rubles.

    Systematic work to improve production efficiency is one of the key elements of the Rosneft 2030 strategy. The company is carrying out large-scale work to reduce operating costs at production facilities and optimize capital investments, including through the introduction of advanced technological solutions.

    Reference:

    RN-Uvatneftegaz, a subsidiary of Rosneft Oil Company, is engaged in exploration and development of fields located in the Uvatsky District of the Tyumen Region and the Khanty-Mansiysk Autonomous Okrug-Yugra. The Uvatsky project includes 19 licensed areas. The total area is more than 25 thousand km2. At the beginning of 2025, the accumulated production of RN-Uvatneftegaz reached 145 million tons of oil.

    Department of Information and Advertising of PJSC NK Rosneft April 8, 2025

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

    MIL OSI Russia News –

  • MIL-OSI United Nations: Dangers grow for Myanmar quake survivors, health system ‘overwhelmed’

    Source: United Nations 2-b

    Humanitarian Aid

    In earthquake-shattered central Myanmar, people are sleeping in the streets in fear of buildings collapsing, facing early monsoon rains and the risk of waterborne diseases, the UN warned on Tuesday.

    Ten days after a 7.7 magnitude quake levelled buildings and buckled bridges across central Myanmar, the latest death toll has passed 3,500 and is “likely to rise”, said Titon Mitra, UN Development Programme (UNDP) Regional Representative in the country, speaking from the devastated city of Mandalay.

    He said that the response has moved into a “tragic phase” shifting from rescue to recovery efforts.

    Well over 4,000 people have been injured in the quakes last week and more than 80 per cent of buildings have been damaged – especially in the major townships of Sagaing, Mandalay and Magway.

    “The health system is completely overwhelmed, hospitals are unable to cope with the number of patients they’re dealing with,” Mr. Mitra said, adding that medicines and healthcare items are in “incredibly short supply”.

    According to the UN humanitarian affairs coordination office (OCHA), more than 500,000 people across the country have been left without access to life-saving health care.

    UNDP’s Mr. Mitra also stressed that the risk of waterborne diseases is very high because urban water pipe systems are broken and water storage facilities are damaged.

    “Sanitation is now becoming a big issue as people who have been forced out of their homes are resorting to open defecation,” he warned.

    The disaster has been compounded by intense rainfall which started earlier than expected last week in Mandalay, impacting the response and worsening the living conditions of homeless survivors.

    Monsoon threat

    Myanmar’s meteorology department forecasts rain and strong winds in large parts of the country through Friday.

    Mr. Mitra said that shelter is a major issue. People are “fearful” to go back into their damaged homes and are sleeping on the streets at night, “often without any sort of cover”, he told journalists in Geneva via video link .

    Food is also in huge demand as markets are “severely disrupted” in Sagaing and Magway, people don’t have incomes and there are “signs of hyperinflation in place”, he said.

    Mr. Mitra said the UN system is mobilized and has conducted initial rapid needs assessments. UNDP is also evaluating the integrity of buildings to determine if they are safe to use.

    This uncertainty has impacted a hospital in Sagaing where “all the patients are in the car park in 40°C heat”, he said. “If we consider the building can accommodate them, then we want to move them back as quickly as possible.”

    Hostilities have not stopped entirely but he expressed optimism that aid can reach all those in need, following the ceasefire announced days after the disaster by the military and resistance groups.

    Aid access plea

    It remains the case that the military authorities control many affected areas and coordinate the provision of support.

    “With an active civil war, we have to make sure that the aid, if it’s coordinated by military authorities, is going to areas which may be in resistance control,” he insisted.

    The earthquake disaster – second only to Cylone Nargis in 2008 that killed more than 130,000 people – has compounded chronic and “very deep vulnerabilities” in Myanmar, the UNDP official said.

    The country’s people have already suffered more than four years of fighting sparked by the military junta’s February 2021 coup d’état.

    Prior to the earthquakes, nearly 20 per cent of the rice fields were already lost to conflict, more than 3.5 million people had been forced to flee their homes, over 15 million were facing hunger and an estimated 19.9 million were in need of assistance.

    “I hope… when the cameras turn away from Myanmar, as they inevitably will and have in the past, that this doesn’t return to being a neglected crisis”, he concluded.

    MIL OSI United Nations News –

  • MIL-OSI: Abaxx Provides Q1 2025 Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 08, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, provides an update on operational milestones and the continued execution of the Company’s business strategy in the first quarter of 2025.

    The Company also announces that it plans to host an investor call and presentation on Thursday, April 10th. For more information, see “Q1 2025 Business Update Investor Call” below.

    Abaxx Corporate Milestone Highlights

    Commercial Development

    • Executed the Company’s first trades in Nickel Sulphate and Lithium Carbonate Futures, including the world’s first trade of a non-Chinese, USD-denominated and physically-deliverable Lithium Carbonate Futures contract.
    • The Company saw the first OTC LNG cargo trade indexed to Abaxx LNG Futures (see the Company’s press release from March 24, 2025).
    • Established active market makers in all three LNG contracts and both carbon contracts across our trading hours.
    • A total of six clearing firms, 29 trading firms, and 14 interdealer brokers (IDBs) are now connected to Abaxx Exchange and Clearing, with an additional four clearing firms, 12 trading firms, and 12 IDBs currently in progress.
    • Completed the first brand listing under the Lithium Carbonate Futures contract.
    • Finalized onboarding with a major global data distribution network expected to expand visibility of Abaxx markets to over 100 million viewers. Added six new market data partners in Q1 2025, bringing the total to six.
    • Engaged in exploratory discussions with an external exchange group seeking to use Abaxx Clearing for third-party clearing services, and also engaged in exploratory discussions with external exchange groups based in China to collaborate on cross-jurisdictional (i.e. onshore/offshore) product listing opportunities with Abaxx Exchange and Clearing.

    Exchange Product Development

    • Launched four new battery metals contracts in Q1 2025, including Nickel Sulphate Futures and three regional physically-deliverable Lithium Carbonate Futures contracts.
    • Submitted a 1-kilobar Singapore Gold Futures contract for regulatory review.
    • Currently in the final development stage of: (i) a financially-settled copper spread contract to support price transparency in global base metals markets, and (ii) the first contracts in a suite of weather futures.

    Risk and Regulatory Development

    • Applied to the U.S. Commodity Futures Trading Commission (CFTC) for recognition as a Foreign Board of Trade (FBOT).
    • Completed public consultation on rule amendments to introduce additional currencies as acceptable margin collateral.
    • Convened the inaugural meeting of its Risk Advisory Panel and successfully executed a default management fire drill.

    Systems and Operations Development

    • Expanded system capabilities to support multi-currency settlement and collateralization, with projected completion by May 2025.
    • Completed the upgrade of Verifier+ (a digital credentials storage provider) into the Abaxx Trade Registration Platform.
    • Continued progress on ISO/IEC 27001 audit for Abaxx Exchange infrastructure, with certification targeted for June 2025.
    • Enhanced client onboarding workflows and expanded market data access to support growing participant demand.

    Abaxx Console Suite Development

    • Rolled out Verifier+ v2.0 with expanded capabilities and integrated the app with Abaxx Exchange to enable passwordless login for the Abaxx Trade Registration Platform (ATRP).
    • Advanced Abaxx Messenger into pre-release testing as a member support tool for Abaxx Exchange.
    • Reached the initial development milestone for Abaxx Sign, currently progressing through testing and feedback with design partners.
    • Initiated development of AbaxxOne, a middleware solution connecting enterprise identity systems (e.g., Auth0, Okta) to ID++ and the Abaxx Console Suite.

    Financing Development

    • On March 27, 2025, the Company announced it had closed the first tranche of a non-brokered private placement, securing C$22.85 million through the issuance of secured convertible debentures bearing 7.0% annual interest, convertible at C$13.00 per share and maturing in 2028. The Company is currently in discussions for a potential second tranche (see the Company’s press release dated March 27, 2025).

    Following the successful launch of Abaxx Exchange and Abaxx Clearing in mid-2024, the first quarter of 2025 marked a period of accelerated growth across product development, commercial engagement, and systems expansion. First trades were executed in the Nickel Sulphate and Lithium Carbonate markets, alongside the first OTC LNG cargo trade indexed to Abaxx LNG Futures, reflecting early adoption of our benchmark contracts.

    We launched four new contracts across our battery metals product suite and submitted a 1-kilobar Singapore Gold Futures contract to support Asia’s kilobar market, an offering not currently matched in London or New York. In parallel, we incorporated Abaxx Spot, a separate entity designed to support convergence between futures and physical gold markets. While the gold futures contract will be listed by Abaxx Exchange, Abaxx Spot enables electronic settlement and physical delivery of 99.99% purity kilobars in Singapore through a secure, transparent gold pool. Together, these initiatives advance our vision of building smarter markets for physical gold trading. Onboarding momentum continued through targeted, on-the-ground engagement at commercial events globally.

    We also scaled platform infrastructure, enhancing client onboarding workflows, expanding market data access, and progressing toward ISO 27001 certification. Core protocol development advanced with upgrades to the ID++ protocol and Verifier+, the initiation of AbaxxOne middleware, and continued development of Abaxx Messenger.

    The following sections provide further information related to these developments across business units and platform initiatives.

    Abaxx Exchange and Abaxx Clearing Developments

    Risk and Regulatory: Abaxx Exchange submitted its application to the U.S. CFTC for recognition as a Foreign Board of Trade (FBOT). Once granted, this recognition would enable U.S. trading participants to directly access products listed on Abaxx Exchange. In February, the Company completed a public consultation on rule amendments to support the introduction of additional currencies as acceptable margin collateral. These amendments are now under regulatory review, with the final list of approved currencies to be announced in due course.

    The Company also convened the inaugural meeting of its Risk Advisory Panel on March 17, 2025 with participation from all three direct clearing members. The Risk Advisory Panel serves as a forum for ongoing collaboration between the clearinghouse and its members to strengthen risk management, transparency, and operational resilience. In late March, Abaxx Clearing conducted its first default management firedrill with member participation, a process which validated its preparedness to manage member defaults and execute crisis response procedures effectively.

    Commercial: The Abaxx Commercial team secured market participation leading to the first trades in Nickel Sulphate and Lithium Carbonate Futures during the first quarter of 2025, including the world’s first trade of a non-Chinese, USD-denominated and physically-deliverable Lithium Carbonate Futures contract. The quarter also saw the first OTC LNG cargo trade indexed to Abaxx LNG Futures, reflecting growing confidence in Abaxx’s benchmark contracts. Active market makers were established across all three LNG contracts and both carbon contracts during core trading hours.

    Onboarding efforts continued across firm types. Abaxx maintained six active clearing members and non-direct clearing firm connections, with four additional clearers, that include global bank clearers, currently in progress to establish new clearing connectivity. Twenty-nine trading firms comprised of merchant traders and financial trading firms are now fully onboarded to execute Block Trades with twelve additional firms currently in the onboarding process; clients connected to Abaxx continue to be able to access Abaxx markets through the central limit order book. Fourteen interdealer brokers (IDBs) are onboarded with twelve more in progress. The quarter also included the first brand listing under the Lithium Carbonate Futures contract.

    Abaxx representatives participated in over 300 high-level meetings across 10 global industry events in Q1 2025. Executives were featured on panels at both E-World and the FT Commodities Global Summit, supporting commercial visibility and momentum. Abaxx was also shortlisted for the World LNG Award for Outstanding Contribution 2024.

    To support commercial growth in Asia in Q1, Abaxx expanded marketing efforts in China, including the launch of a dedicated Chinese-language website (https://cn.abaxx.exchange/) and the announcement of a co-hosted Mandarin-language battery metals seminar with Shanghai Metals Market, taking place April 8, 2025. The team also engaged in exploratory discussions with an external exchange group seeking to use Abaxx Clearing for third-party clearing services, and also engaged in exploratory discussions with external exchange groups based in China to collaborate on cross-jurisdictional (i.e. onshore/offshore) product listing opportunities with Abaxx Exchange and Clearing.

    To support broader market visibility, Abaxx Exchange launched abaxx.exchange/marketdata to provide access to market data publicly. Abaxx also formally launched its market data program in Q1, with six partners onboarded to date: five subscribers and one redistributor. Progress is underway to onboard multiple data distributors, including the leading global financial data provider currently in technical integration, another with a distribution network expected to extend Abaxx market visibility to over 100 million viewers, as well as additional partners supporting our broader data distribution strategy.

    Systems and Operations: Abaxx Exchange and Abaxx Clearing continued to operate reliably with no downtime since launch, supporting stable onboarding and trading. Systems testing is underway to support multi-currency settlement and collateralization, with rollout on track for completion by May 2025. The ISO/IEC 27001 audit for Abaxx Exchange infrastructure is in progress, with certification targeted for June 2025.

    The Company continues to enhance client onboarding workflows to ensure a seamless experience for market participants. In parallel, integration work is advancing across major market data vendors to expand access to Abaxx Exchange market data and meet growing participant demand.

    Exchange Product Development: Development of the Gold Singapore Futures contract progressed through Stage 3 (Industry Review/Risk/Regulatory), with launch planning underway. Abaxx also advanced a regional copper spread futures contract, a suite of weather derivatives, and carbon market contracts aligned with regional compliance programs, each currently in Stage 3. Certain weather and compliance carbon futures are expected to become the first Abaxx contracts priced in currencies other than U.S. dollars.

    Enhancements to the LNG contract suite included updates to the LNG Northwest Europe contract to incorporate Phase 2 compliance requirements under the EU Methane Regulation. Additional research is underway to update the list of eligible ports, including newly commissioned infrastructure. As of April 4, 2025, Calcasieu Pass LNG was added as an Eligible Loading Port under the Abaxx LNG Gulf of Mexico Futures Contract.

    Phase 2 work also continued on contract extensions designed to complement Abaxx benchmark products, as well as on meeting regulatory requirements for a suite of physically and financially-settled options.

    Additional Corporate Updates

    Abaxx Console Apps:   The Company released upgrades to the ID++ protocol and Verifier+ in Q1 2025, including integrations with Abaxx Exchange and SmarterMarkets Coffeehouse™. Verifier+ improvements followed its public release on the Apple App Store and Google Play, with enhanced app speed, simplified account recovery, broader device compatibility, and expanded user controls for account editing and deletion. Device-native features such as PIN entry and camera functionality were also upgraded.

    Messenger is in its final stages of pre-release testing ahead of deployment as a user support tool for Abaxx Exchange. Feature development for initial release is complete, with improvements to maintaining performance at scale now in testing. These include faster load times for messages, improved performance under load, and interface tools that help support teams manage multiple, ongoing conversations.

    Development of AbaxxOne was initiated as a middleware solution connecting enterprise identity systems (e.g., Auth0, Okta) to the Abaxx ecosystem.

    Abaxx Sign reached its initial functional milestone and is now progressing through internal testing and design partner feedback cycles.

    Integration of PrivacyCode progressed in Q1, with Verifier+ now available as a login option. This marks continued growth in the number of applications and platforms offering Verifier+ as a privacy-enabled authentication method across the Abaxx ecosystem.

    SmarterMarkets™: SmarterMarkets™ conducted on-site interviews at key industry events hosted by the Futures Industry Association and Financial Times in Q1 2025, capturing real-time insights from global market participants for upcoming compilation episodes. These conversations contribute to the ongoing dialogue around the future of energy, climate, technology, and finance — conversations that the SmarterMarkets Coffeehouse platform is designed to elevate.

    Development also began on the mobile application for SmarterMarkets Coffeehouse™, and contributor onboarding was completed for the first cohort of over 50 thought leaders across energy, AI, digital identity, carbon, and market infrastructure. Early contributors have begun publishing content on the platform. By combining verifiable credentials with tiered levels of access, Coffeehouse is designed to facilitate more open and trusted dialogue than traditional social media environments currently support.

    Those interested in joining as commenters or members can join the waitlist at https://smartermarkets.media/waitlist/.

    Q1 2025 Business Update Investor Call

    The Company plans to host a quarterly business update investor presentation, to provide a business update and respond to investor questions.

    The Company will hold the investor presentation via Zoom Meetings on Thursday, April 10th, 2025 at 10:00 a.m. Eastern Standard Time Zone (EST). The Company invites current and prospective shareholders to attend this quarterly business update and Q&A session with the Abaxx executive team. Attendees may email their questions in advance to ir@abaxx.tech.

    Registration will be required to access the meeting. Following the presentation, a recording of the session will be made available on the Abaxx Investor Relations website at investors.abaxx.tech.

    PRESENTATION DETAILS
    DATE: Thursday, April 10, 2025
    TIME: 10:00 a.m. EST
    LOCATION: Zoom Meeting
    To receive the meeting link and passcode, please register here.
    QUESTIONS: Please submit questions ahead of the presentation to: ir@abaxx.tech

    About Abaxx Technologies

    Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is a majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by MAS as an RMO and ACH, respectively.

    Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

    For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.

    For more information about this press release, please contact:
    Steve Fray, CFO
    Tel: +1 647 490 1590

    Media and investor inquiries:
    Abaxx Technologies Inc.
    Investor Relations Team
    Tel: +1 647 490 1590
    E-mail: ir@abaxx.tech

    Forward-Looking Statements

    This press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx’s future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward- looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information.

    Forward-looking information related to Abaxx in this press release includes, but is not limited to: the business plans and objectives of Abaxx; the development of new products, futures contracts, markets and technologies and associated benefits; anticipated receipt of regulatory approvals; closing of a second tranche offering of secured convertible debentures; and onboarding of clearing members and firms. Such factors impacting forward-looking information include, among others: the inability to receive regulatory approvals in connection with financings or inability to finalize transaction documentation; risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third-party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management discussion & analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

    Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward- looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

    The MIL Network –

  • MIL-OSI: Bread Financial Schedules First Quarter 2025 Earnings Conference Call for Apr. 24

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, April 08, 2025 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions, will host a conference call on Thursday, Apr. 24, 2025, at 8:30 a.m. ET to discuss the company’s first quarter 2025 results.

    Conference Call/Webcast Information
    Participants can register in advance here, and the conference call will be available at the company’s investor relations website. Analysts planning to participate in the Q&A can register in advance here. Additionally, there will be several slides accompanying the webcast. Please go to the website at least 15 minutes prior to the call to register, as well as download and install any necessary software. The webcast will also be archived on the investor relations website.

    About Bread Financial® 
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers. 
         
    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn. 

    Contacts
    Brian Vereb — Investor Relations
    Brian.Vereb@breadfinancial.com

    Susan Haugen – Investor Relations
    Susan.Haugen@breadfinancial.com

    Rachel Stultz — Media
    Rachel.Stultz@breadfinancial.com  

    The MIL Network –

  • MIL-OSI: Stardust Power Inc. Appoints Carlos Urquiaga as Senior Advisor

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., April 08, 2025 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, is pleased to announce the appointment of Mr. Carlos Urquiaga as Senior Advisor, effective immediately. Mr. Urquiaga will report directly to the Founder and CEO, Roshan Pujari.

    Mr. Urquiaga is a highly accomplished financier with over 30 years of experience in the metals and mining, energy, and infrastructure sectors, specializing in capital raising, structuring, and financial advisory services. His expertise spans complex financing transactions, including those in the electric vehicle battery materials supply chain. Throughout his career, he has successfully delivered more than $40 billion in financing and advisory transactions, playing a key role in some of the most significant deals in the industry.

    Mr. Urquiaga’s distinguished career includes senior leadership roles at BNP Paribas, Citi and Appian Capital, where he was instrumental in executing high-value transactions, including financing for major projects such as Teck’s Quebrada Blanca Phase 2 project funding and Freeport’s Cerro Verde expansion. His work has earned numerous accolades, including “Deal of the Year” awards for his role in financing and strategic advisory efforts.

    As Senior Advisor at Stardust Power, Mr. Urquiaga will focus on guiding the Company through its critical next stages, particularly leading efforts to achieve Final Investment Decision (FID) and supporting the Company’s capital raising activities, both through debt and equity financing. He will also assist in advancing the Company’s strategic initiatives to scale its lithium production and capitalize on the increasing demand for battery-grade materials.

    “We are thrilled to welcome Carlos to Stardust Power,” said Roshan Pujari, Founder and CEO of Stardust Power. “His expertise in structuring complex financing transactions and his deep understanding of the metals and mining sector, particularly in the EV battery supply chain, will be invaluable as we move forward. Carlos will play a crucial role in helping us in reaching FID, secure the necessary capital for growth, and position Stardust Power as a leader in the battery-grade lithium space. His experience in critical minerals and capital markets will be a tremendous asset as we continue to scale and execute our strategic objectives.”

    “The demand for battery-grade lithium is rapidly increasing, and Stardust Power is well-positioned to be a key player in this space. I look forward to working with Roshan and the wider team at Stardust Power to support the Company’s efforts in securing the capital and strategic partnerships necessary to drive its growth and deliver long-term value to shareholders,” said Carlos Urquiaga.

    About Stardust Power Inc.

    Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    Stardust Power Contacts

    For Investors:

    Johanna Gonzalez

    investor.relations@stardust-power.com

    For Media:

    Michael Thompson

    media@stardust-power.com

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/47f9eb4c-015e-4c10-bc65-e5d797175745

    The MIL Network –

  • MIL-Evening Report: No major gaffes and no knockout punch: the first leaders’ debate was a pedestrian affair

    Source: The Conversation (Au and NZ) – By Andy Marks, Vice-President, Public Affairs and Partnerships, Western Sydney University

    Prime Minister Anthony Albanese and Opposition Leader Peter Dutton have faced off in the first leaders’ debate of the 2025 federal election. The debate, hosted by Sky News and The Daily Telegraph, was held at the Wenty Leagues Club in Sydney’s western suburbs, where an audience of 100 undecided voters asked questions of both leaders.

    All the expected topics were canvassed, including the cost of living, the economy, housing, health and education, immigration, the war in Gaza, and of course US President Donald Trump. So how did the two leaders shape up? Three expert authors give their analysis.

    Andy Marks, Western Sydney University

    A funny thing happened on the way to the “people’s forum”. It reverted to a festival of rhetoric. The first federal election leaders’ debate between Anthony Albanese and Peter Dutton began personably.

    The Sky News debate saw Anthony and Peter – yes, first names only – take questions from the floor. It could have been the local sports team’s AGM. It wasn’t.

    “Who’s doing it tough?” Sky News host Kieren Gilbert asked the audience. A sprinkle of hands, some reluctant, some defiant, rose.

    “That was a very confronting scene,” Dutton remarked. “To see that many hands go up”, he added, reflected what he had seen throughout the government’s term: “people in tears” because they couldn’t cope with rising costs.

    Albanese took a different approach. “Wages are up. Unemployment is low,” he said. The election, he argued, is about “what happens next”. The road ahead, he commented, was uncertain. “The world has thrown a lot of challenges at us. We’ve responded the Australian way.”

    The focus was on ideal versus experience. “All you need is your Medicare card, not your credit card,” Albanese assured a questioner of his commitment to lift bulk-billed healthcare.

    Dutton turned that proposition around, asking the questioner, “What’s your experience? Do you use your Medicare card, or your credit card too?” It was his most effective moment.

    Albanese went full-Rudd zinger on energy. “The only gas policy the Coalition has is the gaslighting of the Australian public.”

    When Albanese and Dutton were unleashed on each other, the debate descended into the usual contest over conflicting accounts of surplus records.

    When it mattered, however – when audience members had the floor – it was a forum on what voters were experiencing, and which leader proved the better listener. That won’t be answered until polling day.

    Andrea Carson, La Trobe University

    Dutton faced a tough start to the first televised leaders’ debate of the 2025 federal election campaign, with reports his father had been rushed to hospital shortly before the cameras rolled.

    But if he was rattled, he didn’t show it. Dutton wasted no time speaking to what he saw as Labor’s weaknesses, beginning with cost of living: power bills up, businesses going bust, grocery prices climbing.

    Meanwhile, Albanese began with a few stammers, but quickly dispelled memories of his 2022 gaffes by confidently rattling off numbers that told a story of economic recovery amid the COVID-induced cost-of-living crisis.

    With the primary vote share at record lows for both major parties, and with more Australians voting for minor parties and independent candidates, this is a crucial time to capture Australian’s attention before early voting opens next Tuesday.

    Whether this debate reaches enough voters behind the News Corp paywall is questionable, but the debate’s soundbites will likely have a longer life than the 60-minute broadcast.

    Using the tricks of the trade, Albanese repeated questioner’s names and thanked them for their service as school teachers and truckies, for caring for children, and for keeping Australia moving. He came ready with a well-worn prop – waving his green and gold Medicare card to spruik his plans to increase bulk billing for GP visits.

    But Dutton wasn’t having a bar of it, stating he had seen the stunt before and that “the Mediscare campaign” continues. Albanese retorted by pointing to Dutton’s track record as health minister, claiming bulk billing was then in freefall. Women in the audience nodded in agreement. It was a little win for Albanese.

    Predictably, both leaders kept to their areas of perceived strength: healthcare and education for Labor; the economy and keeping a lid on immigration for the Coalition. Both skirted the tricky question on the Gaza war – and avoided direct criticism of Trump.

    The debate covered plenty of ground – solar power, fuel excise, cuts to universities’ foreign student numbers – but featured little mention of regional Australia or global security.

    Albanese finished his pitch on a message of “staying the course”. Dutton returned to where he started: the economy, promising the Coalition could do it better, weaving in the threat of a Labor/Greens coalition government.

    There were no fatal blows. Just like the polls, it was too close to call an outright winner. But not to worry. There will be another debate next week, this time on the ABC.

    Emma Shortis, RMIT University

    As someone who spends far too much time focused on US politics, it was a little bit refreshing to watch a debate that was a little bit … boring. Two blokes in suits, badly lit, talking about actual policy. In quite a bit of detail!

    We often worry, with good reason, that Australian politics is being Americanised. Tonight showed that isn’t necessarily the case – in fact, the Trump administration’s dismantling of US democracy didn’t feature much this evening.

    And there certainly weren’t many of the outrageous features of US politics – there was some bluster, of course, and some pretty concerning rhetoric around “immigration” – but this wasn’t anything like the corrosive, paranoid politics of America today.

    Albanese opened the debate by noting that “the world has thrown a lot of challenges at Australia”, without mentioning the United States. That’s despite the fact the second Trump administration has effectively set the agenda of Australian politics for the past week at least.

    But the very first question was about the “Trump pandemic”. Albanese was right to say in his response that Trump’s tariffs are an act of “economic self-harm” by the US. It does seem a stretch to suggest Australia got “a better deal” on tariffs because of representations made by the Australian government. Given what we know about the second Trump administration and its treatment of traditional allies, that seems unlikely.

    Dutton once again made the argument that he would be better placed to negotiate with Trump because of his experience with Trump mark 1. But again, given how the Trump administration is treating America’s traditional allies, that’s not particularly convincing.

    Surprisingly, the AUKUS submarine pact only got a mention right at the end. Albanese affirmed Labor’s support for the deal and said the government wouldn’t link the tariff issue to defence. That might be politically desirable, but it will be increasingly difficult as Trump continues to put pressure on the alliance. If Trump places no value in Australia’s free trade agreement with the US, what reason is there to believe he places any value in any other agreements?

    As more and more attention is focused on what “security” actually means, those arbitrary dividing lines to which Australian politics has been so accustomed – such as the one between our defence and trade relationship with the US – might be becoming a little bit blurrier.

    Emma Shortis is also Director of the Australia Institute’s International & Security Affairs Program.

    Andrea Carson and Andy Marks do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. No major gaffes and no knockout punch: the first leaders’ debate was a pedestrian affair – https://theconversation.com/no-major-gaffes-and-no-knockout-punch-the-first-leaders-debate-was-a-pedestrian-affair-253711

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Resolutions of the Annual General Meeting of shareholders of EfTEN Real Estate Fund AS

    Source: GlobeNewswire (MIL-OSI)

    The Annual General Meeting of shareholders of EfTEN Real Estate Fund AS was held on 8 April 2025 in the Radisson Collection Hotel Conference Center (2nd floor, Tallinn, Rävala 3).                       

    A total of 130 shareholders attended the meeting representing 8,496,764 votes, i.e. 74.49% of the total votes were represented. Of the participants, 10 shareholders representing 25,527 votes, i.e. 0.22% of all votes attached to the shares, casted their votes electronically before the meeting in accordance with the electronic voting procedure announced in the invitation to the meeting. The meeting therefore had a quorum.

    The Annual General Meeting of the Shareholders of the Fund adopted the following resolutions:

    Approval of the Fund’s annual report for 2024

    With 8,522,281 i.e. 100% votes in favour, the shareholders decided to approve the annual report of EfTEN Real Estate Fund AS for the financial year 2024 as submitted to the General Meeting. No shareholders voted against the decision. 10 votes, i.e. 0% did not participate in the voting.

    Distribution of profit 
    With 8,522,166 i.e. 100% votes in favour, the shareholders decided to approve the proposal for profit distribution proposal: The consolidated net profit of the 2024 financial year of the fund is 13,564 thousand euros. To distribute the undistributed profit as of 31 December 2024 in the total amount of 25 565 thousand euros as follows:
    Transfers to the reserve capital: 1,357 thousand euros.
    Profit to be distributed between the shareholders (net dividend): 12 699 thousand euros (1,11 euro per share).
    Transfers to other reserves shall not be made and profit shall not be used for any other purposes.
    The amount of undistributed profit after transfers is 11 509 thousand euros.
    The list of shareholders entitled to dividends shall be fixed on 22.04.2025 (record date) as at the end of the working day of the registrar of the settlement system of the fund’s securities. Therefore, the date of change in the rights attaching to shares (ex-date) is 21.04.2025. As of this date a person who acquired shares is not entitled to dividends for the 2024 financial year. Dividend shall be distributed to the shareholders on 30.04.2025 by way of bank transfer to the shareholder’s bank account.
    No shareholders voted against the decision. No shareholders were neutral. 125 votes, i.e. 0% did not participate in the voting.

    Extension of the authorisations of the members of the Supervisory Board
    With 6,552,551 i.e. 76.89% votes in favour, the shareholders decided to extend the authorisations of the members of the Supervisory Board Arti Arakas, Sander Rebane, Siive Penu and Olav Miil until 18.06.2030, i.e. for a period of five years from the moment of deciding the extension.
    1,287,306 votes i.e. 15.11% voted against, and 6,839 votes i.e. 0.08% were neutral. 675,595 votes, i.e. 7.93% did not participate in the voting.

    Increase of share capital and listing of new shares on the Main List of Nasdaq Tallinn Stock Exchange
    With 7,127,778 i.e. 83.64% votes in favour, the shareholders decided to delegate to the competence of the Supervisory Board the decision on the increase of share capital for a one-year period following this general meeting by public and/or private offering, excluding the pre-emptive right of existing shareholders to subscribe and taking into account that:
    (i) the number of shares to be issued additionally would not exceed 10% of the number of shares at the time of adoption of this resolution;
    (ii) the minimum price of the shares to be offered (nominal value €10 and premium) per share shall be the average closing price of the fund’s share on the stock exchange for the 60 days preceding the resolution of the Supervisory Board,
    and to apply for the listing and admission to trading of all newly issued shares on the Main List of Nasdaq Tallinn Stock Exchange.
    To authorise the Supervisory Board and the Management Board of the fund to carry out all activities and conclude all agreements necessary for this purpose.
    1,316,587 votes i.e. 15.45% voted against, and 77,066 votes i.e. 0.90% were neutral. 860 votes, i.e. 0,01% did not participate in the voting.

                                                                                      
    The minutes of the General Meeting shall be made available on the fund’s website (https://eref.ee/investorile/uldkoosolekud/) not later than 7 days after the meeting.

    Viljar Arakas
    Member of the Management Board
    Phone 655 9515
    E-mail: viljar.arakas@eften.ee

    The MIL Network –

  • MIL-OSI United Kingdom: Investing in community safety

    Source: Scottish Government

    Almost £200,000 to support dog control measures

    Funding for new police vans and training for officers and dog wardens has been agreed following a Responsible Dog Ownership Summit hosted by the Scottish Government.

    Police Scotland has received £166,000 to train officers to identify banned breeds and buy specially-equipped vans to transport dangerous and out of control dogs. The National Dog Warden Association (NDWA) has received £30,000 to train wardens.

    The actions were recommended in a report following the Responsible Dog Ownership Summit last September. The summit brought together Police Scotland, local authorities, veterinary bodies, public health and third sector organisations to consider improvements to dog control and public safety measures.

    Community Safety Minister Siobhian Brown said:

    “The vast majority of dog owners are responsible but it is important that the public are protected from any dogs who do pose a danger.

    “This Scottish Government funding for Police Scotland and the National Dog Warden Association will improve public safety and the control of dangerous dogs. The NDWA training fund will support training for dog wardens who work in our communities to promote responsible dog ownership, advise on dog welfare and enforce legislation.

    “I am grateful to those who took part in the Responsible Dog Ownership Summit and I look forward to continuing to work with partners to explore further steps to improve dog safety and control.”

    Jim Ferguson, Chair of the National Dog Warden Association said:

    “The National Dog Warden Association are proud partners of the Scottish Government and our organisation, which represents Scotland’s local authorities dog wardens, welcomed the Scottish Government Responsible Dog Ownership Summit report and recommendations.  Building on the summit, the NDWA is committed to working with the Scottish Government and other key partners to look at opportunities to review existing policy and pinpoint any opportunities to enhance and strengthen policy in order to better protect people and pets together.”

    Background

    Report on Scottish Government Responsible Dog Ownership Summit – Discussions with key stakeholders on approaches to dog control and dog welfare 20 September 2024 – gov.scot

    MIL OSI United Kingdom –

  • MIL-OSI Russia: The Gymnast sports complex opened after major renovations

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the Lomonosovsky district, the sports complex “Gimnast” was opened after major repairs, located at the address: Kravchenko Street, Building 6a. The reconstruction was carried out within the framework of the state program of the capital “Sport of Moscow”.

    The training halls, reception area, cloakroom, waiting room, showers and changing rooms were renovated in accordance with the new standard of sports facilities. The walls of the premises were decorated with images of athletes and motivating quotes.

    The large gymnasium now has modern equipment: gymnastics bars with smooth height adjustment, mushrooms for practicing rotations with a coating of special fibrous leather that improves grip, as well as logs and foam blocks for safe landing, a trampoline, run-up tracks and a carpet with a platform made of spring sections. The small gymnasium has wall bars, choreographic bars and tatami mats.

    In addition, the sports complex has updated its navigation system. Intuitive signs, plaques and information panels make moving around the building more convenient.

    Ramps and tactile signs in Braille are available for visitors with disabilities.

    The renovated sports complex hosts classes in artistic gymnastics at the Sambo-70 Sports and Education Center. You can find out detailed information on how to enroll your child in classes and see the list of documents required for enrollment at official website institutions in the section “Enrollment in sports school.”

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/152332073/

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Northern railway scheme approved

    Source: Hong Kong Information Services

    The Chief Executive in Council today authorised the Northern Link (NOL) Main Line railway scheme, in accordance with the Railways Ordinance.

    The Government outlined that the NOL Main Line will become the main transportation backbone of the Northern Metropolis, unleashing the development potential of land along it. It will also connect the existing Tuen Ma Line and the East Rail Line, forming a railway loop that links up the New Territories and the Kowloon urban area, thereby substantially improving the existing railway network.

    When the NOL Main Line comes into operation, the expected travel time between Kam Sheung Road Station and Kwu Tung Station is expected to be substantially reduced from the current 60 to 80 minutes during peak hours to about 12 minutes.

    The Government and the MTR Corporation (MTRC) have to date collected public views on the NOL Main Line project through various channels. This includes consulting the North District Council and the Yuen Long District Council, holding discussions with relevant rural committees and stakeholders, and organising various publicity activities in the community. The public is generally supportive of the NOL Main Line project.

    The original plan for the NOL Main Line was published in the Government Gazette on October 6, 2023, with two subsequent amendments being made. The first amendment and a correction to the scheme were published on May 3 last year, and the second amendment was published on August 30.

    The Government noted that all objections not subsequently withdrawn have been submitted to the Executive Council for consideration.

    It added that during implementation of the NOL Main Line project, the MTRC will continue to maintain close communication with relevant stakeholders. Furthermore, the MTRC is also required to comply with the conditions stipulated in the environmental permit issued by the Director of Environmental Protection.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Form 8.3 – [PURETECH HEALTH PLC – Opening Disclosure – 07 04 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 PURETECH HEALTH PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 07 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,252,362 1.3541    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,252,362 1.3541    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    None      

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 08 APRIL 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Questor Announces Award of $2.4MM Contract

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 08, 2025 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor”, the “Company”), listed on the TSX Venture Exchange under the ticker QST, has secured a $2.4 million contract to supply clean combustion solutions in Iraq. This Middle East and North Africa (MENA) initiative aims to significantly reduce flaring and methane emissions. Notably, this is the second unit being supplied in the MENA region for the same client, a leading global exploration and production company renowned for its efforts in minimizing flaring and methane emissions associated with energy production.

    Iraq is the second-largest crude oil producer in OPEC and the sixth-largest total petroleum liquids producer globally, with production exceeding 4.4 million barrels per day. Questor’s clean combustion solution will be integrated into the Al Ratawi site to reduce emissions in line with Iraq’s Nationally Determined Contribution (NDC) guidelines. Questor’s ISO 14034-certified clean combustion units are engineered to meet the highest global emissions standards, ensuring 99.99% combustion efficiency. These units are designed to handle complex pollutants, including sour gas, making them ideal for large-scale oil and gas processing facilities and refineries. Manufactured in Canada, Questor’s technology not only delivers significant cost savings in capital, fuel, and operations but also supports sustainable energy production. This latest contract underscores Questor’s expanding presence in the MENA region and its commitment to advancing environmental goals through innovative solutions.

    Questor is proud to partner with its clients to responsibly and sustainably produce energy globally. This purchase order highlights Questor’s reputation for delivering cost-effective, high-performance technology and highlights its expanding presence in global markets. As the company continues to grow, it remains dedicated to advancing sustainable energy infrastructure and supporting its clients in achieving their environmental goals.

    ABOUT QUESTOR TECHNOLOGY INC.

    Questor Technology Inc., incorporated in Canada under the Business Companies Act (Alberta) is an environmental emissions reduction technology company founded in 1994, with global operations. The Company is focused on clean air technologies that safely and cost effectively improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas, Volatile Organic Hydrocarbons, Hazardous Air Pollutants and BTEX (Benzene, Toluene, Ethylbenzene and Xylene) gases within waste gas streams at 99.99 percent efficiency per its ISO 14034 Certification. This enables its clients to meet emission regulations, reduce greenhouse gas emissions, address community concerns and improve safety at industrial sites.

    The Company also has proprietary heat to power generation technology and is currently targeting new markets including landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat in addition to a wide variety of oil and gas projects. The combination of Questor’s clean combustion and power generation technologies can help clients achieve net zero emission targets for minimal cost. The Company is also doing research and development on data solutions to deliver an integrated system that amalgamates all the emission detection data available to demonstrate a clear picture of the site’s emission profile.

    The Company’s common shares are traded on the TSX Venture Exchange under the symbol “QST”. The address of the Company’s corporate and registered office is #1920, 707 – 8th Avenue S.W. Calgary, Alberta, Canada, T2P 1H5.

    QUESTOR TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL ‘QST’

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document is not intended for dissemination or distribution in the United States.

    The MIL Network –

  • MIL-OSI: Tariffs Set to Drive Up Electronics Prices—New Survey Shows 53% of Shoppers Are Holding Out for Sales

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, April 08, 2025 (GLOBE NEWSWIRE) — As new U.S. tariffs take effect, the cost of laptops, smartphones, and other electronics could increase by up to 11%, according to a Joint Economic Committee analysis. With prices climbing, consumers are adapting—seeking deeper discounts, comparing prices across multiple retailers, and timing purchases around major sales events.

    A new Ecommerce Pulse Report from Salsify and the Digital Shelf Institute (DSI), based on a survey of over 1,000 shoppers in the U.S. and U.K., highlights how economic pressures are reshaping purchasing habits. Fifty-three percent of shoppers plan to buy electronics during major sales events like Amazon Prime Day, Target Circle Week, and Walmart Deals, reinforcing that promotional pricing will be a critical driver of sales​. Meanwhile, 44% of shoppers compare prices across at least three retailers before purchasing, making price competitiveness essential for brands looking to retain sales​.

    Shoppers Are More Strategic—And Brands Must Adapt

    Electronics remain a top purchase category for consumers, but the way shoppers research and buy is evolving faster than ever. According to the Ecommerce Pulse Report:

    • Mobile Shopping is the Default – 59% of consumers shop via smartphone, making seamless mobile-first experiences critical for brands looking to capture digital sales​.
    • Shoppers Are Expanding Beyond Amazon – 54% of consumers regularly shop across multiple marketplaces, emphasizing the need for pricing consistency, optimized content, and a presence beyond a single retailer​.
    • Price Drives Buying Decisions More Than Brand Loyalty – 70% of shoppers say discounts lead to unplanned purchases, highlighting how price sensitivity is becoming a stronger motivator than brand preference.
    • Shoppers Rely on Reviews More Than Price When Deciding What to Buy – 25% of shoppers say customer reviews influence their buying decisions more than price (19%) or product images (22%), reinforcing the importance of trust through high-quality content and social proof​.

    “Tariffs and economic uncertainty are making consumers more price-conscious than ever, influencing shopping behavior across every category,” said Dom Scarlett, Research Director at Salsify. “To stay competitive, brands must optimize their digital presence across all major retailers, refine their pricing strategies, and deliver compelling product content that builds trust and drives conversions—no matter what they’re selling.”

    Tariffs Are Disrupting Ecommerce—Here’s How Brands Can Stay Competitive

    With consumer goods prices expected to rise in 2025, brands must refine their ecommerce strategies to stay competitive. The Ecommerce Pulse Report highlights key areas where brands need to focus to meet evolving consumer expectations:

    1. Mobile Shopping is the Epicenter of Ecommerce – With smartphones leading online sales (59%), brands must optimize product listings, mobile searchability, and checkout experiences to prevent drop-off​.
    2. Urgency-Based Discounts Are Key to Conversion – 62% of shoppers say flash sales and limited-time promotions influence their buying decisions, making urgency-based pricing an essential tactic​.
    3. Beyond Price Cuts—Consumers Expect More from Brands – While discounts drive unplanned purchases, 48% of shoppers prioritize free shipping, and 41% value flexible payment options, showing that brands must offer more than just lower prices to win customers​.
    4. Mobile Shoppers Favor Marketplace and Retailer Apps for Convenience – 69% of shoppers prefer using marketplace apps like Amazon and eBay, while 45% rely on retailer apps like Target and Best Buy, proving that brands must have an app-first strategy to remain relevant​.

    For deeper insights into evolving shopping behaviors and pricing strategies, download the full Ecommerce Pulse Report Q2 2025.

    About the Digital Shelf Institute (DSI)
    The Digital Shelf Institute is the commerce community for manufacturers. In the digital age, manufacturers have more opportunities to control their commerce destiny than ever before. The Digital Shelf Institute brings together an ecosystem of experience to share ideas, outcomes, and strategies in the form of virtual content, podcasts, reports, and articles that will drive revenue in the years ahead. The Digital Shelf Institute also hosts the Digital Shelf Executive Forum, an invitation-only community platform for digital shelf executives of leading brands.

    About Salsify
    Salsify helps thousands of brand manufacturers, distributors, and retailers in over 140 countries collaborate to make every product experience matter. The company’s Product Experience Management (PXM) platform enables organizations to centralize all of their product content, connect to the commerce ecosystem, and automate business processes in order to deliver the best possible product experiences across every selling destination.

    Learn how the world’s largest brands, including Mars, L’Oreal, Coca-Cola, Bosch, and ASICS, as well as retailers and distributors, such as DoorDash, E.Leclerc, Carrefour, Metro, and Intermarché, use Salsify every day to drive efficiency, power growth, and lead the digital shelf. For more information, please visit: www.salsify.com.

    Media contact:
    Carolyn Adams
    carolyn@bluerunpr.com

    The MIL Network –

  • MIL-OSI: AGF Management Limited Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 08, 2025 (GLOBE NEWSWIRE) —

    • Reported quarterly adjusted diluted earnings per share of $0.48
    • Total assets under management and fee-earning assets of $53.8 billion
    • Increased quarterly dividend per share to 12.5 cents

    AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the first quarter ended February 28, 2025.

    AGF reported total assets under management and fee-earning assets1 of $53.8 billion compared to $53.6 billion as at November 30, 2024 and $45.0 billion as at February 29, 2024.

    “In a challenging market environment shaped by political change, we have excelled and continued to deliver on our strategy,” said Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. “Our long-term approach aims to deliver on our strategic imperatives; while also ensuring we can thrive through changing market cycles and uncertainty.”

    AGF’s mutual fund gross sales were $1,568 million for the quarter compared to $993 million in the previous quarter and $914 million in the prior year quarter. Mutual fund net sales were $258 million compared to $5 million in the previous quarter and net redemptions of $125 million in the prior year quarter.

    “Recent market volatility has reinforced the importance of providing investors with access to diverse capabilities and offerings,” said Judy Goldring, President and Head of Global Distribution, AGF. “With alternatives playing an increasingly important role in portfolios, this quarter we have focused on further building out our strategies with the launch of products across our lines of business.”

    1 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.

    Key Business Highlights:

    • In January, AGF Capital Partners, AGF Management Limited’s multi-boutique alternatives business announced the launch of the AGF NHC Tactical Alpha Fund, an absolute return-oriented strategy that aims to generate attractive risk-adjusted returns across market regimes while maintaining low beta to traditional asset classes.
    • In February, AGF Investments Inc. announced the launch of AGF Enhanced U.S. Income Plus Fund, an alternative mutual fund that seeks to provide long-term capital appreciation and generate a high level of consistent income by investing in U.S. equity securities and employing dynamic options strategies such as put writing and covered call writing.
    • AGF Investments Inc. was recognized with FundGrade A+® Awards for AGF American Growth Fund, AGF Fixed Income Plus Fund and AGF Global Select Fund.
    • Taking another important step forward in our ongoing commitment to gender equity, AGF Management Limited announced a new partnership with VersaFi, (formerly Women in Capital Markets). This renowned organization is focused on addressing barriers to women’s advancement, sharing best practices and strategies for progress, and developing actionable policies and industry-leading programs to advance gender diversity in the workplace. 

    Financial Highlights:

    • Adjusted EBITDA2 for the three months ended February 28, 2025 was $47.9 million, compared to $39.6 million for the three months ended November 30, 2024 and $49.5 million for the comparative prior year period.
    • Net management, advisory and administration fees2 for the three months ended February 28, 2025 was $85.2 million, compared to $83.6 million for the three months ended November 30, 2024 and $74.9 million for the comparative prior year period.
    • Adjusted revenue from AGF Capital Partners for the three months ended February 28, 2025 was $23.6 million, compared to $18.2 million for the three months ended November 30, 2024 and $24.4 million for the comparative prior year period. The decrease year over year was driven by change in fair value adjustments, offset by the consolidation of KCPL financial results. Revenue from AGF Capital Partners can be variable quarter to quarter and can be impacted by fair value adjustments, timing of monetizations and cash distributions as well as performance fees and carried interest.
    • Adjusted selling, general and administrative costs2 for the three months ended February 28, 2025 was $63.6 million, compared to $66.2 million for the three months ended November 30, 2024 and $53.5 million for the comparative prior year period. The increase in adjusted SG&A from prior year reflects the consolidation of KCPL as well as increases driven by higher performance-based compensation and the market environment.
    • Adjusted net income attributable to equity owners2 for the three months ended February 28, 2025 was $32.1 million ($0.48 adjusted diluted EPS), compared to $29.8 million ($0.45 adjusted diluted EPS) and $33.7 million ($0.51 adjusted diluted EPS) for the comparative prior year period.
                       
        Three months ended
          February 28,       November 30,       February 29,  
      (in millions of Canadian dollars, except per share data)   2025       2024       2024  
                       
      Revenues                
      Management, advisory and administration fees $ 122.8     $ 120.2     $ 108.6  
      Trailing commissions and investment advisory fees   (37.6 )     (36.6 )     (33.7 )
      Net management, advisory and administration fees2 $ 85.2     $ 83.6     $ 74.9  
      Deferred sales charges   1.2       1.3       2.0  
      Adjusted revenue from AGF Capital Partners2   23.6       18.2       24.4  
      Other revenue2   1.5       2.7       1.7  
      Total adjusted net revenue2   111.5       105.8       103.0  
                       
      Selling, general and administrative   67.8       70.2       57.9  
      Adjusted selling, general and administrative2   63.6       66.2       53.5  
                       
      EBITDA2   44.2       36.9       45.1  
      Adjusted EBITDA2   47.9       39.6       49.5  
                       
      Net income – equity owners of the Company   30.9       28.7       30.5  
      Adjusted net income – equity owners of the Company2   32.1       29.8       33.7  
                       
      Diluted earnings per share   0.46       0.43       0.46  
                       
      Adjusted diluted earnings per share2   0.48       0.45       0.51  
                       
      Free cash flow2   31.6       21.4       21.2  
                       
      Dividends per share   0.115       0.115       0.110  
                       
      (end of period) Three months ended
          February 28,     November 30,     February 29,  
      (in millions of Canadian dollars)   2025     2024     2024  
                       
      Mutual fund assets under management (AUM)3 $ 31,167   $ 30,662   $ 26,186  
      ETFs and SMA AUM   2,913     2,537     1,676  
      Segregated accounts and sub-advisory AUM   6,529     6,977     7,162  
      Total AGF Investments AUM   40,609     40,176     35,024  
      AGF Private Wealth AUM   8,623     8,567     7,836  
      AGF Capital Partners AUM   2,468     2,752     48  
      Total AUM $ 51,700   $ 51,495   $ 42,908  
      AGF Capital Partners fee-earning assets4   2,142     2,111     2,104  
      Total AUM and fee-earning assets4 $ 53,842   $ 53,606   $ 45,012  
                       
      Net mutual fund sales (redemptions)3   258     5     (125 )
      Average daily mutual fund AUM3   30,853     29,173     25,197  

    2 Net management, advisory and administration fees, adjusted revenue from AGF Capital Partners, total net revenue, adjusted selling, general and administrative, EBITDA, adjusted EBITDA, adjusted net income, adjusted diluted earnings per share and free cash flow are not standardized measures prescribed by IFRS. The Company utilizes non-IFRS measures to assess our overall performance and facilitate a comparison of quarterly and full-year results from period to period. They allow us to assess our investment management business without the impact of non-operational items. These non-IFRS measures may not be comparable with similar measures presented by other companies. These non-IFRS measures and reconciliations to IFRS, where necessary, are included in the Management’s Discussion and Analysis available at www.agf.com.
    3 Mutual fund AUM includes retail AUM and institutional client AUM invested in customized series offered within mutual funds.
    4 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.

    For further information and detailed financial statements for the first quarter ended February 28, 2025, including Management’s Discussion and Analysis, which contains discussions of non-IFRS measures, please refer to AGF’s website at www.agf.com under ‘About AGF’ and ‘Investor Relations’ and at www.sedarplus.com.

    Conference Call

    AGF will host a conference call to review its earnings results today at 11 a.m. ET.

    The live audio webcast with supporting materials will be available in the Investor Relations section of AGF’s website at www.agf.com or at https://edge.media-server.com/mmc/p/4ch7jtxw. Alternatively, the call can be accessed over the phone by registering here or in the Investor Relations section of AGF’s website at www.agf.com, to receive the dial-in numbers and unique PIN.

    A complete archive of this discussion along with supporting materials will be available at the same webcast address within 24 hours of the end of the conference call.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $52 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs. AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    About AGF Capital Partners

    AGF Capital Partners is AGF’s multi-boutique alternatives business with diverse capabilities across both private assets and alternative strategies. Clients benefit from the specialized investment expertise of Affiliate Managers1 combined with the organizational support and breadth of resources of AGF Management Limited (AGF). With over 18 years average experience, AGF Capital Partners Affiliate Managers including, Kensington Capital Partners Limited, New Holland Capital, LLC and AGF SAF Private Credit, manage approximately C$13.8 billion* in alternative AUM and fee earning assets on behalf of institutional and retail clients. Affiliate Manager AUM may not be consolidated into AGF Management Limited’s reported AUM.

    *US AUM converted FX rate at February 28, 2025 (1.44)

    The term ‘Affiliate Manager’ refers to any partner regardless of relationship structures or revenue sharing agreements. The form of AGF’s structured partnership interests in Affiliate Managers differs from Affiliate Manager to Affiliate Manager. The structure of the relationship with a particular Affiliate Manager, or the revenue that AGF agrees to share in, may change. Affiliate Managers only provide investment advisory services or offer products in the jurisdiction where such firm, individuals and/or product is registered or authorized to provide such services.

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    AGF Management Limited shareholders, analysts and media, please contact:

    Nick Smerek
    VP, Financial Planning & Analysis
    416-865-4337, InvestorRelations@agf.com

    Caution Regarding Forward-Looking Statements

    This press release includes forward-looking statements about the Company, including its business operations, strategy and expected financial performance and condition. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘expects,’ ‘estimates,’ ‘anticipates,’ ‘intends,’ ‘plans,’ ‘believes’ or negative versions thereof and similar expressions, or future or conditional verbs such as ‘may,’ ‘will,’ ‘should,’ ‘would’ and ‘could.’ In addition, any statement that may be made concerning future financial performance (including income, revenues, earnings or growth rates), ongoing business strategies or prospects, fund performance, and possible future action on our part, is also a forward-looking statement. Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, business prospects, business performance and opportunities. While we consider these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about our operations, economic factors and the financial services industry generally. They are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements made by us due to, but not limited to, important risk factors such as level of assets under our management, volume of sales and redemptions of our investment products, performance of our investment funds and of our investment managers and advisors, client-driven asset allocation decisions, pipeline, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, technological changes, cybersecurity, the possible effects of war or terrorist activities, outbreaks of disease or illness that affect local, national or international economies, natural disasters and disruptions to public infrastructure, such as transportation, communications, power or water supply or other catastrophic events, and our ability to complete strategic transactions and integrate acquisitions, and attract and retain key personnel. We caution that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Other than specifically required by applicable laws, we are under no obligation (and expressly disclaim any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete discussion of the risk factors that may impact actual results, please refer to the ‘Risk Factors and Management of Risk’ section of the 2024 Annual MD&A.

    FundGrade A+® Awards:

    FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

    AGF American Growth Fund won in the U.S. Equity CIFSC Category, out of 237 funds. The FundGrade A+ start date was 12/31/2014 and the FundGrade A+ end date was 12/31/2024.

    AGF Global Select Fund won in the Global Equity CIFSC Category, out of 306 funds. The FundGrade A+ start date was 12/31/2014 and the FundGrade A+ end date was 12/31/2024.

    AGF Fixed Income Plus Fund won in the Canadian Fixed Income CIFSC Category, out of 137 funds. The FundGrade A+ start date was 12/31/2014 and the FundGrade A+ end date was 12/31/2024.

    The MIL Network –

  • MIL-OSI United Kingdom: Plaid Cymru urges UK Government to “step up” and provide direct support to protect Welsh car sector jobs

    Source: Party of Wales

    Liz Saville Roberts slams past governments for leaving Welsh livelihoods exposed to global market forces

    Plaid Cymru’s Westminster leader, Liz Saville Roberts MP, highlighted how Trump’s 25% tariffs on machinery and transport equipment will threaten Wales’ car sector.

    The automative sector employs 30,000 people in Wales.

    Just last week, Ms Saville Roberts urged the UK Government to use economic common sense and accelerate scrapping trade barriers with Europe in the face of Trump’s tariffs to protect the Welsh economy.

    Liz Saville Roberts MP also criticised previous Labour and Conservative Governments for failing to protect Welsh livelihoods in the past, who were “swept away” by global market forces.

    The Secretary of State for Transport, Heidi Alexander MP claimed that the Government would give British car-makers “certainty and support” in the face of global economic headwinds. However, the Welsh Automative Forum have called for direct support for the car sector, claiming that the UK Government’s commitments aren’t enough.

    Speaking in the House of Commons, Liz Saville Roberts MP said:

    “Previous Labour and Conservative Governments did little when Welsh livelihoods were swept away by global market forces in places like the Ford plant in Bridgend and the steel works in Port Talbot.

    “Wales’s car sector is now facing 25% tariffs, thanks to President Trump, threatening an industry which employs 30,000 people.

    “The Welsh Automotive Forum have said the Government’s commitments are not enough. They’re calling for direct support.

    “Recycled fines are hardly direct support. Is her Government prepared to step up and provide it?”

     

    The Secretary of State for Transport, Heidi Alexander responded:

    “We have a £2 billion automotive transformation fund. We’re investing hundreds of millions of pounds in other forms of support as well.

    “I work closely with the Welsh Government on these issues, and we won’t leave any stone unturned in our attempts to protect the car manufacturing industry and ensure that those high skilled jobs are there in communities in Wales and across the rest of country.”

    MIL OSI United Kingdom –

  • MIL-OSI Banking: Attackers distributing a miner and the ClipBanker Trojan via SourceForge

    Source: Securelist – Kaspersky

    Headline: Attackers distributing a miner and the ClipBanker Trojan via SourceForge

    Recently, we noticed a rather unique scheme for distributing malware that exploits SourceForge, a popular website providing software hosting, comparison, and distribution services. The site hosts numerous software projects, and anyone can upload theirs. One such project, officepackage, on the main website sourceforge.net, appears harmless enough, containing Microsoft Office add-ins copied from a legitimate GitHub project. The description and contents of officepackage provided below were also taken from GitHub.

    Description of the “officepackage” project

    Few know that projects created on sourceforge.net get a sourceforge.io domain name and web hosting services. Pages like that are well-indexed by search engines and appear in their search results.

    Example of a search query and results containing officepackage.sourceforge.io

    The project under investigation has been assigned the domain officepackage.sourceforge[.]io, but the page displayed when you go to that domain looks nothing like officepackage on sourceforge.net. Instead of the description copied from GitHub, the visitor is presented with an imposing list of office applications complete with version numbers and “Download” buttons.

    The project as seen on the officepackage.sourcefoge.io domain

    Hovering over one of the buttons reveals a seemingly legit URL in the browser status bar: https[:]//loading.sourceforge[.]io/download. It is easy to make the mistake of associating that URL with officepackage, as the buttons are on that project’s page. However, the loading.sourceforge.io domain suggests a different project on sourceforge.net, named loading.

    URL associated with the “Download” button

    Clicking the link redirects to a page with yet another “Download” button, this time in English.

    Page for downloading the suspicious archive

    Clicking that button finally downloads a roughly seven-megabyte archive named vinstaller.zip. This raises some red flags, as office applications are never that small, even when compressed.

    The infection chain: from searching for office software to downloading an installer

    The downloaded archive contains another password-protected archive, installer.zip, and a Readme.txt file with the password.

    Contents of vinstaller.zip

    Inside installer.zip is a file named installer.msi. This is a Windows Installer file that exceeds 700 megabytes. Apparently, the large size is intended to convince users they are looking at a genuine software installer. Attackers use the file pumping technique to inflate the file size by appending junk data. The file in question was padded with null bytes. After we stripped the junk bytes, its true size was 7 megabytes.

    Contents of installer.zip

    Running the installer creates several files, with two being of interest to us: UnRAR.exe (a console archive utility) and a password-protected archive named 51654.rar. The installer then executes an embedded Visual Basic script. Attackers have long distributed password-protected archives along with unpacking utilities, passing the password via the command line. However, this case has an intermediary step. The installer files lack an archive password. Instead, to continue the infection chain, the VB script runs a PowerShell interpreter to download and execute a batch file, confvk, from GitHub. This file contains the password for the RAR archive. It also unpacks malicious files and runs the next-stage script.

    The infection chain: from launching the installer to downloading the confvk batch script

    Here is a breakdown of how the batch script works. First, it checks for an existing infection by searching for the AutoIt interpreter at a specific path. If AutoIt is found, the script deletes itself and exits. If not, the script checks for processes associated with antivirus software, security solutions, virtual environments, and research tools. If it detects anything like that, it deletes itself.

    If both checks pass, the script unpacks the RAR archive and runs two PowerShell scripts within its code.

    Command to unpack the RAR archive executed by the batch file

    One of the PowerShell scripts sends a message to a certain chat using the Telegram API. The message contains system information, the infected device’s external IP address and country, CPU name, operating system, installed antivirus, username, and computer name.

    Code snippet from confvk with commands to unpack the malicious archive and run the Telegram file-sending script

    The other PowerShell script downloads another batch file, confvz, to process the files that were extracted from the RAR archive.

    Contents of the RAR archive

    The contents of the archive can be seen in the screenshot above. Below is a summary of each file.

    File Description
    Input.exe AutoIt script interpreter
    Icon.dll Clean dynamic-link library with a compressed AutoIt script appended to it
    Kape.dll Clean dynamic-link library with a compressed AutoIt script appended to it
    ShellExperienceHost.exe Netcat network utility executable
    libssl-1_1.dll Netcat dependency dynamic-link library
    vcruntime140.dll Netcat dependency dynamic-link library
    libcrypto-1_1.dll Netcat dependency dynamic-link library

    The confvz batch file creates three subdirectories at %ProgramData% and moves the unpacked archive files into those. The first subdirectory receives Input.exe and Icon.dll, the second gets another Input.exe copy with Kape.dll, and the third gets all netcat files. The batch file then creates ini.cmd and init.cmd batch scripts at %USERPROFILE%Cookies to run the files it copied. These scripts execute Input.exe (the AutoIt interpreter), passing the paths to Icon.dll and Kape.dll (both containing compressed AutoIt scripts) as arguments.

    Contents of the confvz batch file

    Next, confvz generates keys in the registry key HKEY_LOCAL_MACHINESOFTWAREMicrosoftWindowsCurrentVersionApp Paths*. These link to the ini.cmd and init.cmd batch files. The keys allow running files using shortened names. For example, the registry key

    launches ini.cmd when running install.exe. Similarly, start.exe is registered as a link to init.exe, and Setup.exe links to the system utility %WINDIR%System32oobeSetup.exe, normally launched during OS installation. We will revisit this utility later.

    Then confvz creates services named NetworkConfiguration and PerformanceMonitor to autostart the batch files, and a service named Update to directly run the AutoIt interpreter without intermediate batch files.

    Additionally, as a backup autostart method, confvz adds this registry key:

    This runs a debugger when MicrosoftEdgeUpdate.exe is started. The debugger is set to execute start.exe, which, based on the earlier registry keys, points to init.cmd.

    Using the built-in WMIC utility, an event filter is created to trigger a handler every 80 seconds. While disabled by default in more recent Windows versions, WMIC still functions in older systems.

    The handler executes the following command:

    ShellExperienceHost.exe is the netcat executable from the malicious archive. The arguments above make the utility establish an encrypted connection with the C2 server apap[.]app on port 445 and launch a command-line interpreter with redirected input/output through that connection. This essentially creates a remote command line with apap[.]app:445 as the C2 server.

    Finally, confvz creates a file:

    This is a custom script you can build in Windows to streamline troubleshooting during OS installation. If a critical error occurs, the %System32%oobeSetup.exe utility finds and executes this file. However, the attackers have found a way to exploit it for automatic startup. They achieve this by again using the operating system’s built-in WMIC utility to establish an event filter that triggers the handler every 300 seconds. The handler is specified as %WINDIR%System32cmd.exe /c start Setup.exe, while Setup.exe, according to the registry keys created earlier, references the utility %WINDIR%System32oobeSetup.exe, which executes ErrorHandler.cmd upon launch. The ErrorHandler.cmd file contains a short PowerShell script that uses the Telegram API to retrieve and execute a text string. This is another remote command line, but its output is not sent anywhere.

    The infection chain: from executing confvk to setting up all the auto-start methods

    The key malicious actions in this campaign boil down to running two AutoIt scripts. Icon.dll restarts the AutoIt interpreter and injects a miner into it, while Kape.dll does the same but injects ClipBanker. ClipBanker is a malware family that replaces cryptocurrency wallet addresses in the clipboard with the attackers’ own. Users of crypto wallets typically copy addresses instead of typing them. If the device is infected with ClipBanker, the victim’s money will end up somewhere entirely unexpected.

    Victims

    The officepackage.sourceforge[.]io site has a Russian interface, suggesting a focus on Russian-speaking users. Our telemetry indicates that 90% of potential victims are in Russia, where 4,604 users encountered the scheme between early January and late March.

    Takeaways

    Distributing malware disguised as pirated software is anything but new. As users seek ways to download applications outside official sources, attackers offer their own. They keep looking for new ways to make their websites look legit. The scheme described here exploits SourceForge feature of creating a sourceforge.io subdomain for each sourceforge.net repository.

    The persistence methods are worthy of note as well. Attackers secure access to an infected system through multiple methods, including unconventional ones. While the attack primarily targets cryptocurrency by deploying a miner and ClipBanker, the attackers could sell system access to more dangerous actors.

    We advise users against downloading software from untrusted sources. If you are unable to obtain some software from official sources for any reason, remember that seeking alternative download options always carries higher security risks.

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Tram fares to rise May 12

    Source: Hong Kong Information Services

    The Chief Executive-in-Council today gave consent to Hong Kong Tramways (HKT) to alter its fares starting May 12, when passengers aged 12 or above will pay $3.3 for a tram ride, up $0.3 from the current $3.

    Child fares will increase from $1.5 to $1.6, while for people aged 65 or above tickets will go up from $1.3 to $1.5.

    The Government said it took into account various factors when assessing the fare increase application, such as the service quality and quantity, HKT’s planned improvement projects, changes in operating costs and revenue since its last fare adjustment, and the likely public acceptability etc.

    Under the current fare adjustment, the $260 monthly ticket will remain unchanged so as to alleviate the impact on passengers who travel by tram for their daily commute.  

          ​

    Since the previous fare adjustment in July 2022, HKT has been facing competition from other modes of public transport.

    Meanwhile, tram service patronage has not recovered to pre-pandemic levels and the potential to further increase non-fare box revenue, currently accounting for about 50% of HKT’s total revenue, is rather limited.

    Moreover, operating costs and staff costs have been rising continuously, and the company will continue to invest in improvement projects, including the renewal of tram tracks and upgrading tram cars to provide more stable rides, as well as safer and more comfortable journeys.

    Having considered all relevant factors, the Government considered the fare increase necessary for maintaining HKT’s stable operation and that the proposed increase level is acceptable.

    After the fare increase, the tramway remains the most economical means of transport serving the northern shore of Hong Kong Island, the Government added.

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: Call for witnesses – Aggravated assault – Alice Springs

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force is calling for witnesses in relation to a serious aggravated assault that occurred in Alice Springs in the early hours of this morning.

    Around 10:45am today, police received reports of blood being found on the pavement outside an office building on Bagot Street in The Gap.

    Upon review of CCTV, police observed at 4:45am this morning a male offender allegedly stabbed a female victim with an unknown object, before physically assaulting her multiple times. The victim was allegedly dragged from the area by the offender towards Tuncks Road.

    Investigations have commenced and police hold concerns for the welfare of the victim.

    The offender is described as being shirtless, wearing black shorts, black shoes and a light-coloured hat. The victim is described as wearing a light-coloured long-sleeved jumper, light-coloured pants, light-coloured shoes, with her hair tied up in a bun or ponytail.

    Police are particularly interested in speaking to the drivers of multiple vehicles that drove past on Bagot Street and South Terrace at the time of the alleged assault.

    Anyone with information is urged to call police on 131 444 and quote reference NTP2500036419. Anonymous reports can also be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    If you or someone you know are experiencing difficulties due to domestic violence, support services are available, including, but not limited to, 1800RESPECT (1800737732) or Lifeline 131 114. In an emergency dial 000.

    MIL OSI News –

  • MIL-OSI: Form 8.3 – [ADVANCED MEDICAL SOLUTIONS GROUP PLC – 07 04 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ADVANCED MEDICAL SOLUTIONS GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 07 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 5p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 11,890,846 5.4538    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 11,890,846 5.4538    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    5p ORDINARY SALE 2,820 197.3p
    5p ORDINARY SALE 8,636 198.3p
    5p ORDINARY SALE 1,925 198.9966p
    5p ORDINARY SALE 2,000 199.05p
    5p ORDINARY SALE 2,000 200.35p
    5p ORDINARY PURCHASE 2,820 197.4494p
    5p ORDINARY PURCHASE 8,636 198.3606p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 08 APRIL 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ALLIANCE PHARMA PLC – 07 04 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ALLIANCE PHARMA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 07 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 12,018,555 2.2233    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 12,018,555 2.2233    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 7,000 64.252p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 08 APRIL 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Economics: Tariffs stir inflation fears in US but offer targeted industry gains, says GlobalData

    Source: GlobalData

    Tariffs stir inflation fears in US but offer targeted industry gains, says GlobalData

    Posted in Business Fundamentals

    The imposition of steep US tariffs on imports is expected to weigh on household consumption and economic growth in the near-term, while offering limited relief to select domestic industries such as steel, according to GlobalData, a leading data and analytics company.

    GlobalData’s Macroeconomic Outlook reveals that the US GDP growth is forecast to slow to 2.0% in 2025 and further to 1.9% in 2026, compared to 2.8% in 2024. Real household consumption expenditure is projected to grow at a slower pace of 2.2% in 2025, reflecting increased economic uncertainty and the inflationary impact of tariffs on consumer goods, particularly imported automobiles.

    Gayatri Ganpule, Economic Research Analyst at GlobalData, comments: “The new tariffs introduced in early April 2025 have triggered a wave of market volatility and investor concern. The S&P 500 fell by 4.8% following the announcement, while the US dollar weakened. Although the tariffs aim to protect domestic manufacturing and reduce trade imbalances, they are likely to fuel inflation by increasing the cost of imported goods, notably vehicles and auto parts, which are essential household expenses.”

    The 25% tariff on foreign-manufactured automobiles is expected to directly contribute to a rise in the Consumer Price Index (CPI), which could constrain the Federal Reserve’s ability to ease interest rates. This may result in prolonged higher borrowing costs, further pressuring consumer confidence and investment momentum. However, certain industries have seen positive impacts.

    The domestic steel sector, for example, has experienced a surge in benchmark hot-rolled coil prices, up more than 30% since January 2025, leading to stronger performance for firms like Nucor and Steel Dynamics. Moreover, the Congressional Budget Office anticipates $800 billion in customs revenue over the next decade.

    Ganpule concludes: “While the broad-based tariffs present significant economic risks, targeted measures have provided a lifeline to struggling industries. Striking the right balance between domestic industry protection and inflation management will be critical for sustaining long-term economic stability in the US.

    MIL OSI Economics –

  • MIL-OSI Economics: Great Depression trends on social media amid rising US tariff fears, reveals GlobalData

    Source: GlobalData

    Great Depression trends on social media amid rising US tariff fears, reveals GlobalData

    Posted in Business Fundamentals

    The concept of the “Great Depression” has gained traction among the social media influencers in first week of April 2025, largely driven by discussions surrounding the US tariff turmoil and concerns about potential economic downturns. The surge in discussion is closely tied to comparisons being drawn between the current economic policies, particularly tariffs, and those enacted during the lead-up to the Great Depression, specifically the Smoot-Hawley Tariff Act of 1930, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

    The increased tariffs have become a central point of discussion, triggering concerns about potential trade wars, slower GDP growth, and overall economic instability.

    Shreyasee Majumder, Social Media Analyst at GlobalData, comments: “Influencers, largely concerned and apprehensive, are using the historical context of the Great Depression to frame their analysis of current economic trends and policies, drawing direct parallels to the events preceding the depression and sparking wider conversations about potential consequences.

    “Certain influencers express grave concern that tariffs, with the US rates potentially escalating and surpassing the peak of the Smoot-Hawley era, may precipitate a global trade war and inflict substantial damage upon the economy. They also point out that the implementation of tariffs could result in higher prices for consumers, reduced global competitiveness for the US companies, and, consequently, a broader economic downturn.”

    Below are a few popular influencer opinions captured by GlobalData’s Social Media Analytics Platform:

    1. Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management:

    “This was a historic week We just witnessed the biggest economic policy mistake since the Great Depression And they don’t even care”

    1. Phillips P. OBrien, Professor of Strategic Studies at University of St Andrews:

    “Amazing that Trump talked about the Great Depression and forgot the Smoot-Hawley Tariff–which he seems to be emulating pretty closely….”

    1. Jason Goepfert, Consultant at White Oak Consultancy LLC:

    “Futures indicate another loss in the Dow Industrials greater than -3%. Futures are finicky, but that’d be its 3rd consecutive loss greater than -3%. Since 1896 – 129 years of history – this only occurred during the Great Depression.”

    1. Steve Hanke, Professor of Applied Economics at Johns Hopkins University:

    “The US economy has developed some tell-tale signs of the Great Depression. The money supply has contracted. That means an economic slowdown is BAKED IN THE CAKE. Like the Smoot-Hawley Tariffs of 1930, Trump’s tariffs are putting massive downward pressure on the economy.”

    1. Shane Wright, National Economics Correspondent:

    “Trump re-writing the history of the Great Depression, saying wouldn’t have happened if the US had stayed with tariffs. Of course, the Smoot-Hawley tariffs made worse the depression which wasn’t caused by tariffs…”

    MIL OSI Economics –

  • MIL-OSI United Kingdom: University Road to close for resurfacing work

    Source: City of Leicester

    A well-used Leicester road is being resurfaced as part of the city council’s ongoing programme of highway maintenance and repairs.

    University Road – between its junctions with Welford Road and Lancaster Road – will be resurfaced in a £130,000 scheme due to start on Saturday 12 April.

    The stretch of road will be closed to traffic, with parking restrictions in place, for the duration of the work that is expected to take up to seven days to complete.

    Well signposted diversions will be in place via Welford Road, Victoria Park Road, London Road, Granville Road and Regent Road.

    The work is being carried out due to the road surface becoming pitted, cracked and broken over time, due to wear and tear caused by traffic and the effects of winter weather. In total, over 4,100m2 of the main carriageway will be resurfaced.

    Leicester City Council’s director of highways, Martin Fletcher, said: “Traffic and weather have a huge impact on the city’s road surfaces, and that is evident University Road. As part of our ongoing programme of maintenance and repairs, this work will help ensure the road remains able to handle the demands that are placed on it for years to come.

    “We always aim to keep disruption to a minimum while resurfacing work is carried out and thank people for their patience and understanding while we do so.”

    The work has been programmed to take place during the school holidays when traffic levels are reduced.

    The scheme is being funded through the city council’s annual highway maintenance capital budget.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Opening of the Space for collective work in the Advanced Engineering School of NSU

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    On April 8, NSU opened a Collaborative Work Space for staff and students of the Advanced Engineering School. The new complex, located in the university building, will become a unique platform for scientific and educational initiatives that promote the development of engineering competencies.

    The key element of the Space are two fab labs: “Space Instrumentation” and “Chemical Synthesis”. The fab lab “Space Instrumentation” provides students with the opportunity to participate in the development and testing of small spacecraft for the federal project “Sphere” of the state corporation “Roscosmos”. It uses modern equipment for balancing and adjusting space devices.

    The Chemical Synthesis FabLab is aimed at student practice in the field of oligonucleotide synthesis and bioengineering. These modern opportunities give NSU undergraduates and students a chance to participate in solving real problems presented by industrial partners and gain valuable practical experience.

    The Space has a VR studio designed to visualize geological and geophysical research. Here, students will be able to test, debug projects, and practice their skills in controlling unmanned aerial vehicles (UAVs) using modern equipment.

    — All competence centers — there are six of them in our Advanced Engineering School today — they are aimed specifically at forming teams that are capable of developing, implementing, and realizing advanced tasks. And this is, in fact, the exclusivity of this Advanced Engineering School — this is the merit of the team that works here. The team that has assembled united employees of Novosibirsk University, representatives of scientific organizations of the Siberian Branch of the Russian Academy of Sciences, our industrial partners, including the largest corporations — Roscosmos, Rostec, Rosatom, Sibur Holding, Gazprom Neft and a number of other regional partners. All of them really closely monitor what is happening, but they do not just observe — they give specific tasks, and students of Novosibirsk University and students of other universities who have become participants in the Advanced Engineering School program successfully cope with their solution, — noted Vice-Governor of the Novosibirsk Region Irina Manuilova.

    In addition, the Deputy Governor of the Novosibirsk Region spoke about some figures of the project:

    — Over the three years of work, 46 educational programs have been developed within the framework of the PIS, under which 648 students are currently studying. 830 specialists have received unique competencies in six areas of the NSU PIS within the framework of additional education. During this time, 2936 schoolchildren from the Novosibirsk Region and other regions who come here have gone through a variety of pre-professional project-based events — Olympiad tasks and tournaments. Over three years, more than a billion rubles of extra-budgetary funds have been attracted to scientific developments. The opening of new spaces once again confirms the desire to create an environment that facilitates the training of qualified engineering personnel.

    Director of NSU PIS Sergey Golovin spoke about the projects being implemented, additional education for schoolchildren and the current structure of NSU PIS and shared his impressions:

    — The space we are opening today is a very important step for us. We finally have our own home — a place where students can do their project work, where we can bring our partners and work here with pleasure ourselves.

    The demand for the PIS is very high, since two events took place before the opening: a delegation from the Sibur company arrived, and a meeting with a representative of the Roscosmos company took place. I really hope that the number of such events will increase. And through these events, we will involve more and more industrial partners in our interaction, – shared the director of the PIS NSU Sergey Golovin.

    The NSU PISH initiative is supported by the Novosibirsk Region Government, which promotes the development of youth engineering education and the creation of laboratories for talented students. Partnership with leading companies such as Rosatom, Roscosmos, Rostec, Sibur Holding and Gazprom Neft opens up broad prospects for professional growth and employment for NSU PISH students and postgraduates.

    The Advanced Engineering Schools Program, of which NSU PISH is a part, is aimed at implementing the Decree of the President of Russia and strategic initiatives for the development of engineering education in the country. By 2030, it is planned to increase the number of such schools to 100, transmitting the successful experience of existing schools and ensuring the continuity of educational activities, support for young talents.

    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: NASA Astronaut, Crewmates Arrive Safely at Space Station

    Source: NASA

    NASA astronaut Jonny Kim, accompanied by Roscosmos cosmonauts Sergey Ryzhikov and Alexey Zubritsky, arrived at the International Space Station on Tuesday, bringing the number of residents to 10 for the next two weeks.
    The Soyuz MS-27 spacecraft carrying Kim, Ryzhikov, and Zubritsky docked to the Prichal module at 4:57 a.m. EDT, following a three-hour, two-orbit journey to the space station. They launched at 1:47 a.m. (10:47 a.m. Baikonur time) from the Baikonur Cosmodrome in Kazakhstan.
    When hatches open at approximately 7:20 a.m., the trio will join the Expedition 72 crew, including NASA astronauts Nichole Ayers, Anne McClain, and Don Pettit, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonauts Kirill Peskov, Ivan Vagner, and Alexey Ovchinin.
    NASA’s live coverage of hatch opening will begin at 7 a.m. on NASA+. Learn how to watch NASA content through a variety of platforms.
    Expedition 73 will begin on Saturday, April 19, following the departure of Pettit, Ovchinin, and Vagner, as they conclude a seven-month science mission aboard the orbiting laboratory.
    Watch the ceremonial change of command at 2:40 p.m. on Friday, April 18, as Ovchinin transfers the distinction to Onishi, live on NASA+.
    Throughout his eight-month stay aboard the orbital outpost, Kim will conduct scientific research in technology development, Earth science, biology, human research, and more. This is the first flight for Kim and Zubritsky, and the third for Ryzhikov.
    Learn more about space station activities at:
    https://www.nasa.gov/station
    -end-
    Joshua FinchHeadquarters, Washington202-358-1100joshua.a.finch@nasa.gov
    Sandra JonesJohnson Space Center, Houston281-483-5111sandra.p.jones@nasa.gov

    MIL OSI USA News –