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Category: Transport

  • MIL-Evening Report: Grattan on Friday: an ‘arms race’ of promises as prime minister set to call election on Friday

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

    Oops. Anthony Albanese’s own department pre-empted its boss on Thursday. Some unfortunate official, pressing the wrong button, posted on X that the government was in “caretaker” mode, although the prime minister had not yet called the election.

    There was a grovelling apology from the department, saying it was trying to find out why the error occurred.

    No matter. The department was only a day early. Albanese goes to government house on Friday for an election on May 3.

    Indeed, most players and observers had expected, before cyclone Alfred, that the campaign, with its “caretaker” period, would be well under way by now.

    Instead, we’ve had this budget week that’s seen an auction of handouts.

    First, the budget announced the tax cuts, which are more than a year away, and will be delivered in two stages, They are, to use Treasurer Jim Chalmers’ description, “modest”.

    Then came Peter Duttlon’s counter hit – a halving of the excise on petrol and diesel, briefed out ahead of his budget reply. The benefit would come more quickly – but would only last a year. This is a recycled, extended version of the Morrison government’s 2022 excise cut. Labor supported the 2022 move, but rejects Dutton’s proposal.

    The budget we nearly didn’t have gave Chalmers the stage to strut his stuff. Budget weeks traditionally belong to treasurers who, among other things, do a walkabout through the ranks of the journalists who are “locked up” and ploughing through the embargoed budget documents. So some old hands were surprised when the PM appeared with a senior staffer to do his own walkabout. Precedents didn’t come to mind.

    Labor sought to wedge the Coalition by pushing through legislation to enshrine the tax cuts. The Coalition voted against them in parliament, then declared if elected, it would repeal them. Dutton has confirmed he won’t be announcing any policy for tax cuts closer to the election.

    For the Liberals, to be seen opposing an income tax cut is unusual and risky. It’s made for campaign slogans. “The only thing they don’t want to cut is people’s taxes,” Albanese declared. “Labor is the party of lower taxes.” Both sides will be watching their polling carefully in coming days to see whether this stand rebounds against the Liberals.

    The opposition believes its excise reduction will hit the mark, especially in the seats it is most targeting – those in the outer suburbs where people drive a lot.

    But Kos Samaras, from the Redbridge political consultancy, predicts people will see this “arms race” of hand outs as providing just band-aids, with the measures likely to cancel each other out.

    Apart from the excise measure the other big initiative in Dutton’s reply was his plan for a gas reservation scheme.

    This is designed to fill what has been an apparent big hole in the opposition’s energy policy. It has its ambitious (many would say unrealistic) nuclear plan for the long term. But if it is arguing it would be able to bring down energy bills any time soon, it needs a here-and-now policy to do so.

    Its answer is to turn to gas. That requires ensuring a reliable and adequate supply for the local market, to drive down the price.

    “Gas sold on the domestic market will be de-coupled from overseas markets to protect Australia from international price shocks,” Dutton said in his Thursday speech. “And this will drive down new wholesale domestic gas prices from over $14 per gigajoule to under 10 per gigajoule.”

    Dutton told the ABC after his address that the price fall could be achieved by the end of this calendar year.

    That estimate sounds like a hostage to fortune. Precision can be dangerous when it comes to energy promises. Who can forget that number Labor put out so confidently before the last election – a $275 fall in household power bills?

    Critics will find all sorts of issues with Dutton’s east coast reservation scheme, including that it would be heavily interventionist and there’s no guarantee it would work. Labor says Dutton is reheating one of its old plans, and that the government has the gas situation under control anyway.

    The opposition says its plan is in line with warnings on gas supply released by the Australian Competition and Consumer Commission on Thursday.

    The potential effectiveness of Dutton’s gas plan will be highly contested. What is not in dispute is that the partisan divide over the energy transition will be one of the central issues of the campaign.

    This week the prime minister has had a spring in his step. The polls have improved somewhat, and the “vibe” seems to be with him. Responding to a challenge from a couple of podcasters, he playfully put the phrase, “delulu with no solulu” into a speech to describe his opponents. Never mind that middle-aged politicians sound slightly absurd when they try to be hip. Albanese is a confidence player and at the moment his confidence is up.

    The tactical games aren’t just around the tax cuts. Calling the election first thing Friday carpet bombs Dutton’s budget reply.

    And once the election is called, parliament will be prorogued and that will scrap the Friday sitting of estimates committees, denying the opposition an opportunity to quiz officials about the budget and other matters. (On Thursday, the “caretaker” fiasco became public during an estimates hearing, surprising officials from the PM’s department who happening to be appearing at the time.)

    For his part, Dutton understands the odds against him.

    Political scientist Rodney Tiffen, in an analysis of federal campaigns from 1972 to 2022, found no example where an opposition had started the campaign roughly equal in the polls and won, and three where it had lost (1980, 1987, and 2004). “All winning oppositions started the campaign already ahead,” Tiffen writes in a chapter in The Art of Opposition.

    In his budget reply, Dutton delivered one revealing line: “This election is as much about leadership as it’s about policy”.

    Dutton casts himself as the leader who would take the tough decisions. “I will lead with conviction – not walk both sides of the street,” he said.

    “I will be a strong leader and a steady hand – just as John Howard was.”

    Dutton might see Howard as his role model, but it will be a big leap of faith for many voters to see the opposition as a contemporary Howard.

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

    – ref. Grattan on Friday: an ‘arms race’ of promises as prime minister set to call election on Friday – https://theconversation.com/grattan-on-friday-an-arms-race-of-promises-as-prime-minister-set-to-call-election-on-friday-251257

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Plymouth City Council and Homes England launch new City Centre Vision

    Source: City of Plymouth

    Vision outlines shared ambition to provide 10,000 new homes in the city centre 

    Plymouth’s city centre could see up to 10,000 new homes built over the next decade as part of a new working relationship with Homes England.

    The Council and Homes England have produced a new ‘Plymouth City Centre Vision’ which sets out a shared ambition to provide 10,000 new homes in the city centre and surrounding area.

    The vision recognises that there will be around £4.4 billion of Government investment in HM Naval Base Devonport over the next 10 years and that this will stimulate the demand for new homes, with Babcock requiring 5,500 new employees and a further 2,000 construction jobs being created in the Dockyard.

    It also recognises that Plymouth’s city centre currently has a very low level of housing with only 1,000 homes, compared to 8,000 homes for typical cities of Plymouth’s size.

    Council Leader Tudor Evans said: “This is huge and very, very exciting. We have talked about creating more homes in the city centre for a few years now, but this will help catapult words and plans into bricks, mortar and homes.

    “The regeneration of the city centre has a major role to play in supporting the Growth Alliance Plymouth programme to deliver new housing, new skills provision and, through regeneration, to transform perceptions of the city centre.

    “We have been working with Homes England to establish Plymouth as a priority place for investment and to bring forward plans to deliver 10,000 new homes as part of a “new town in the city”. We have a memorandum of understanding that describes the strategic objectives of our partnership, including the exploration of a potential joint venture.”

    The aim is to establish a new residential core in the city centre to stimulate market activity and maximise public and private investment to deliver transformational change, which will address the current housing shortage as well as deliver new homes for new workers.

    Eamonn Boylan, Homes England Chief Executive, said: “The partnership between Plymouth City Council and Homes England is a brilliant example of how the public sector can unite to promote and accelerate housing delivery. The Agency will work with the council and other key stakeholders in the Growth Alliance Plymouth programme to bring forward ambitious development plans, including a shared a vision for up to 12,000 new homes across a prioritised pipeline of sites.”

    Steve Hughes, Chief Executive of the Plymouth City Centre Company, said: “This is great news and yet another sign of growing confidence in our city centre which is definitely on the up.”

    The announcement has also been welcomed by members of the Growth Alliance Plymouth (GAP), the partnership established last year between Babcock, The Royal Navy and City Council to work across the city with Government to put in place the infrastructure, workforce and support for the wider business ecosystem to drive inclusive growth and address housing shortages and entice relocation of skilled workforces to the area.

    John Gane, Managing Director for Babcock’s Devonport site, said: “As a core partner of Growth Alliance Plymouth (GAP), Babcock, working alongside the Royal Navy and Plymouth City Council, is helping to optimise the city’s growth potential and drive regeneration, ensuring Plymouth is an attractive and prosperous city for people to live and work in. We are serious about the future of Plymouth and securing bids such as the Homes England investment, it is already clear the extent of influence this GAP partnership can have.”

    The Council has a successful track record of working with Homes England on projects including major estate regeneration schemes such as North Prospect and Barne Barton, as well as forward funding of land assembly for projects like Bath Street and the West End. This partnership will bring together the land, funding and expertise of both organisations, as well as seeking private sector partner(s) to deliver residential and commercial projects that build on the many successful projects that the Council has completed, such as the Box, the Barcode and the ongoing investment in Armada Way.

    Homes England has identified Plymouth as one of a number of priority places where it will work particularly closely with partners to transform struggling town centres into vibrant neighbourhoods with homes, jobs, leisure facilities and new public realm.

    Homes England’s Board and Executive visited Plymouth in November 2024 to see first-hand the scale of investment being made in the Dockyard and the opportunities for housing delivery in the city centre.

    Further work will now be carried out by the Council and Homes England on the detail of how and where these homes could be and what infrastructure would be required to support their delivery.

    The Council and Homes England have strengthened their partnership in the last 18 months, setting up a strategic regeneration and infrastructure board, and combining resources to produce a delivery plan that aims to deliver up to 12,000 new homes across the city and other parts of the city over a 15-year period. This includes exploring new models of partnership and co-investment that will unlock and accelerate housing delivery.

    Homes England and Plymouth City Council are also collaborating on the Civic Centre. The project will see the creation of the new City College Plymouth’s Blue Green Skills Hub within the basement, ground and first floor of the Civic Centre. This will deliver 60 new courses to 2,000 students.

    Councillor Tudor Evans said: “The Civic Centre is an iconic building and its transformation will signal confidence to the wider market that Plymouth is serious about regeneration.

    “This is a large and complex project – perhaps the biggest we have delivered and is only possible due to the commitment of some of our key City partners. We are enormously grateful to all who believe in us, believe in this scheme and believe in Plymouth.”

    Part of Homes England’s role is to introduce potential development partners who have a track record of delivering high quality residential projects. The Council has already had discussions with a number of these partners about the role that they might play in the delivery of new homes across Plymouth city centre.

    Last March, Cabinet agreed to enter into an agreement to lease with City College Plymouth, allocate £8.5m Levelling Up Fund grant and the purchase of the building from Urban Splash for £1.

    The project to refurbish the Civic Centre has also benefitted from grant funding from the Future High Streets Fund. Now, subject to approvals, additional grant funding is under consideration by Homes England to help complete the transformation.

    The Council and College are progressing design proposals, including workshop space in the basement, teaching space on the ground and first floors of the north and south block and public-facing spaces.

    The Civic Centre has planning consent for 144 apartments in the tower and a range of commercial space in the podium, with parking and plant in the basement. The consent includes demolishing some of the 1970s extensions on the west side of the building. City College is looking to take all of the commercial space and the changes to the existing consent means a new planning application will need to be submitted.

    Jackie Grubb, Chief Executive of City College Plymouth said: “This new campus provides a fantastic opportunity to ensure Plymouth’s residents are equipped with the skills needed to support the growth of the defence, marine and other sectors of the economy.

    “Almost half of the courses will be linked to the ‘blue and green’ economy – marine, nuclear and net zero, equipping students with the skills to work in sectors such as offshore wind, sustainable construction and environmental science.”

    Luke Pollard MP, Member of Parliament for Plymouth Sutton and Devonport, said: “I’ve been proud to work with the City Council and Government Ministers in securing funding. By working together we are creating a beacon to attract investors to our city, with more demand for shops, cafes, restaurants and entertainment.

    “It’s a team effort to deliver for Plymouth and convert an eyesore into new homes. 

    “We promised thousands of new homes will be built in the city centre and this is the start of us delivering on that promise.” 

    Within the building itself, contactors Gwella continue the strip out work that began under Urban Splash. Various concrete repair and strengthening works still need to be carried out, but the extent of this is not yet known. An extensive structural survey will take place to get a clear picture of concrete repairs needed.

    The Council will employ a principal contractor for the main refurbishment works, which are expected to start next Spring and will involve removing existing cladding. Re-cladding the building and other refurbishment work would start at the end of 2026 and be completed by May 2028.

    Once the ‘shell and core’ of the space to be occupied by City College Plymouth is complete, it will be handed over to the college to fit out. This is programmed to take up to 15 months. The Council has appointed a team of designers, professional advisers and consultants already working on the project, including structural engineers, mechanical and electrical engineers and planning consultants.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Contract extensions for day services supporting adults in Plymouth

    Source: City of Plymouth

    The future of day services that support hundreds of adults with a wide range of social care needs, including those with disabilities and dementia, has been confirmed.   

    Day services help people to remain as independent as possible by offering a range of activities and support. This can prevent or delay the need for more intensive support packages while ensuring adults are safe and supported to live within their local community.  

    Plymouth City Council has extended its contract with 10 local providers of day services until October 2026, so that residents continue to receive the support they need while allowing time for a review of how these services are delivered.   

    Each provider has a different offer and supports people with different needs, but they all work to reduce social isolation, improve health and wellbeing and encourage involvement in the community.  

    Councillor Mary Aspinall, Cabinet Member for Health and Adult Social Care, said: “We’re committed to making sure that adults with social care needs in Plymouth receive the right support for them and that they are empowered to live as independently as possible.  

    “The range of day services on offer really helps by giving people the opportunity to socialise and make friends, learn new skills and try new activities. I’m really pleased that we’ve extended these contracts to ensure that the services continue while we explore plans for how these services may be look and be delivered in the future.”  

    The 10 providers of day services in Plymouth are: Age UK, Headway Plymouth, I-Grow Care and Support, Improving Lives Plymouth, Plymouth Highbury Trust, Plymouth Independent Living, Salutem Care & Education, Selborne Care, PLUSS and Yourway.  

    They work with adults with learning and physical disabilities, dementia, sensory impairments and those with mental health needs, as well as older people who experience social isolation and loneliness. Headway also works specifically with adults who have an acquired brain injury.  

    The service delivered by PLUSS focuses more on employability and helping people to develop their independence and skills, with clients having gone on to take on volunteering roles, paid employment and supported internships.  

    Collectively, the 10 providers deliver nearly 500 sessions per week and support more than 190 adults in Plymouth. 

    The total budget to provide these services in Plymouth is £1.5 million per year. Over the next 20 months, the Council will be seeking views from service users, their families and carers, professionals and service providers to help determine what the future of day services in the city looks like.  

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Free 24/7 support app for Island parents and parents-to-be 27 March 2025 Launch of free 24/7 support app for newborn care, baby feeding and growing families on the Isle of Wight

    Source: Aisle of Wight

    Parents and parents-to-be on the Isle of Wight can now access expert parenting support anytime, anywhere with the launch of free premium access to the Anya App.

    Isle Of Wight Council’s Family Hubs and Start for Life Infant Feeding Programme have partnered with Anya to support parents with newborn care, baby feeding and early parenting – all from their mobile phones.

    Anya App provides a wealth of resources including: videos, articles, 3D Breastfeeding Animations and expert one-to-one support all on your phone:

    • Explore extensive library resources including videos, articles, personalised programmes and more. 
    • Join a supportive community of parents and connect 1:1 with parenting and infant feeding specialists who truly understand your journey.
    • Ask Anya anything 24/7. Your virtual companion. Get instant answers anytime of the day – perfect for any middle-of-the-night worries.

    Research highlights that the first 1,001 days – from pregnancy until a child’s second birthday – are a crucial period for development, shaping a child’s health, wellbeing, and future outcomes. The Anya App is dedicated to supporting families through the first 1,001 days of parenthood with confidence.

    Island parents and carers from pregnancy until their child’s second birthday can claim free access to the Anya App and benefit from this virtual parenting companion. The premium version provides unlimited access to 24/7 evidence-based information and support through its carefully designed features such as specialist chat, live infant feeding web drop-ins, interactive breastfeeding animations and a rich content library of on-demand resources to support parents on the Isle of Wight on their early parenting journey.

    The Family Hubs, Start for Life Programme, and Breastfeeding Friendly Spaces, all form part of the extensive support for all families that is available across the Island – the Anya App is another way expecting and new parents can access support to give their baby the best start in life by now providing them with access to support anytime, anywhere.

    Anya App CEO, Dr. Chen Mao Davies, who is a fellow of the NHS innovation accelerator program, which helped develop Anya Health App, said: “I am proud to welcome the Isle of Wight Council as a partner in our mission to provide round-the-clock support for parents in their early parenting journey. Anya’s AI virtual companion is here to empower families with 24/7 support on pregnancy, parenting, and infant feeding for children aged 0-2 years. Together, we will enhance the parenting experience and ensure that every family has access to the resources they need for the best start to life.”

    Isle of Wight residents can download Anya at www.anya.health/isleofwight or by searching ‘Anya Health’ in their preferred app store. Once you have downloaded the Anya App, simply enter your Island postcode to get free premium access for 1,001 days (up until baby’s second birthday).

    Download the Anya app

    Infant feeding advice for the Isle of Wight

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: FestivALL stages major celebration of inclusion at Foyle Arena

    Source: Northern Ireland – City of Derry

    FestivALL stages major celebration of inclusion at Foyle Arena

    27 March 2025

    The Foyle Arena in Derry was buzzing with activity this week as hundreds of people came together to promote diversity and inclusion during the two-day FestivALL programme.

    The events were delivered by Derry City and Strabane District Council, in partnership with the Public Health Agency, with a series of activities including multi-sports, music and dance, aimed at reducing the barriers faced by people with disabilities, carers and older people.

    Throughout the months of February and March, disability lead organisations and performers from Ardnashee Tribe Dance Troupe, Foyle Down Syndrome Trust, The Hub, Knockavoe School and Destined, have all been putting in the hours to prepare some show-stopping performances for the festival showcase event. 
    Foyle Arena came alive with Arndashee Choir opening the event and included performances from local artists Renegade Zoo and High-End Dead.
    The second day of FestivALL offered multi sports activities to participants including taster sessions on the climbing wall and accessible bikes.

    Chair of Council’s Health and Community Committee, Councillor Caitlin Deeney, attended the opening event, which drew participants from a wide range of local organisations.

    “FestivALL is a wonderful and joyous celebration that helps to improve wellbeing by breaking down the physical, communicational, social, and economic restrictions faced by people with disability,” she explained.

    “It also provides a positive platform for performers with disability to show off their talents and creativity.
    “I had an amazing time meeting everyone and I want to congratulate all involved for bringing so many people together to share in such an uplifting and empowering experience.

    “FestivALL sends a positive message about working together to create a welcoming and inclusive community for everyone and highlights Council’s commitment to promoting access to and inclusion across Derry and Strabane.”
    For more information on Derry and Strabane Council’s Access and Inclusion Projects visit www.derrystrabane.com/subsites/inclusion

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft volunteers held literary readings in Novokuibyshevsk dedicated to the 80th anniversary of Victory

    Translartion. Region: Russians Fedetion –

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

    Employees of the Novokuibyshevsk Oil Refinery (part of Rosneft) organized literary readings dedicated to the 80th anniversary of Victory in the Great Patriotic War. Schoolchildren and students of city technical schools, activists of the “Movement of the First”, teachers and veteran oil workers took part in the patriotic event. The initiative took place within the framework of the international campaign “Reading to Children about the War”. Over 15 years, more than 8 million children and teenagers in Russia and abroad took part in it.

    Thanks to the support of the Novokuibyshevsk Oil Refinery, a collection of works entitled “A Feat Forever Written in History” was published especially for the readings, which included the memories of factory workers who fought at the front. Volunteers of the plant and employees of the enterprise museum collected material in family and museum archives. The unique publication is illustrated with photographs from the war, award documents and materials that have not been published before.

    Young people read excerpts from the collection – excerpts from the diaries of participants in the Great Patriotic War, poems that the plant veterans dedicated to the exploits of their fellow countrymen. Schoolchildren and teachers also watched the documentary film “War of Motors”, created with the support of Rosneft and dedicated to the contribution of the domestic oil industry to bringing Victory closer. At the end of the readings, the enterprise volunteers presented the veterans with memorable gifts.

    More than 200 copies of the unique collection “Feat, forever inscribed in history” were given to city schools and technical schools, city libraries. The cycle of literary readings “Reading to children about the war” based on the book published by the plant workers will continue in educational institutions of the city of Novokuibyshevsk with the participation of activists of the “Movement of the First”.

    Reference:

    The Novokuibyshevsk Oil Refinery is actively developing the volunteer movement “Platform of Good Deeds”, within the framework of which employees take an active part in historical, cultural and social-humanitarian initiatives.

    Earlier, volunteers and veterans of the enterprise, employees of the plant museum carried out a large-scale search to restore more than 2.5 thousand names and information about the exploits of veterans of the enterprise – participants in the Great Patriotic War. As a result of this work, the “Book of Memory” was published for the 75th anniversary of the Victory and a memorial complex was erected to perpetuate the names of the front-line soldiers. In 2023, with the support of the plant, a monument to home front workers was erected in the city.

    Today, under the patronage of the Novokuibyshevsk Oil Refinery there are 2 veterans of the Great Patriotic War and 40 home front workers.

    In the year of the 80th anniversary of the Victory, the plant workers are holding a marathon of commemorative events and lessons aimed at developing spiritual and patriotic values in the younger generation.

    The campaign “Reading to Children about the War” has been held by the Samara Regional Children’s Library since 2010. The initiative is aimed at creating conditions for the formation of citizenship and patriotism as the most important spiritual, moral and social values in children and adolescents using the best examples of children’s literature about the Great Patriotic War as an example.

    Department of Information and Advertising of PJSC NK Rosneft March 27, 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 Global: Canadians are anxious as they ponder how to vote this election. Which leader can ease their fears?

    Source: The Conversation – Canada – By Lori Turnbull, Professor of Political Science in the Faculty of Management at Dalhousie University, Dalhousie University

    This federal election is being described as the most consequential in modern Canadian history. The country is in a tariff and trade war with its closest ally, the United States, and President Donald Trump is threatening Canada’s sovereignty.

    No wonder Canadians are feeling anxious and fearful. And in times of crisis, people tend to look extra hard for leaders they can trust.

    Liberal Leader Mark Carney, a rookie in politics but an internationally respected economist, is enjoying a wave of momentum. Due to his stints as governor of the Bank of Canada during the 2008-09 financial crash and the Bank of England during Brexit, he’s well-qualified to manage economic roller-coasters. Can his impressive CV help calm the fears of Canadians?

    Conservative Leader Pierre Poilievre, on the other hand, has been connecting with supporters by giving voice to their worries about the economy, jobs, crime and the housing crisis. He’s made people feel heard, but he’s also been accused of building his brand appeal by stoking — rather than soothing — Canadians’ fears about the future.

    Carney’s track record as a fixer could give him the edge now that the election campaign is in full swing and Canada’s fears are being amplified.

    Liberals wildly unpopular

    Before Justin Trudeau announced his plans to leave politics, the next federal election was shaping up to be a showdown between Trudeau and Poilievre, two career politicians with likeability problems and a palpable mutual resentment.

    Each of them often used fear as a tool to warn Canadians about the dangers of electing the other. The mood in the country was sour.

    In July 2024, an Abacus Data poll indicated only 23 per cent of Canadians felt the country was headed in the right direction. The affordability crisis was weighing on people, as 45 per cent of respondents reported having a hard time keeping up with daily expenses due to rising prices.

    The long-standing consensus around the benefits of immigration was crumbling due to the lack of suitable housing for everyone.



    Read more:
    Canada at a crossroads: Understanding the shifting sands of immigration attitudes

    A third of Canadians also self-identified as “political orphans” who felt that none of the political parties truly represented them.

    Most of the public was blaming the Liberals for the broad mismanagement of various important complex policy files, and the Conservatives were the largest beneficiaries of voter frustration. They looked like they had the next election in the bag.

    Dramatically altered landscape

    It’s now March 2025 and the political playing field looks wildly different. Though the aforementioned issues remain salient, Trudeau has resigned and Carney has erased the lead in public support that Poilievre and the Conservatives held not long ago.

    Most polls suggest the parties are in a dead heat while others have Carney pulling ahead. In the hope of winning enough votes to form a majority government — in Carney’s own words, he’s asked the public for a “strong, positive mandate” — he is running on a platform aimed at the political centre to offer a home to those political orphans.

    Carney’s pitching tax cuts, pipeline projects, reduced trade barriers between the provinces and balanced operational spending while running deficits for investments that would grow the economy. He’s done away with the unpopular consumer carbon tax.

    Given that Carney is pulling the Liberals back to the centre, and that there is actually overlap between the Conservatives and the Liberals — both spent the first full day of the campaign promising income tax cuts — it seems the real choice in this election is about leadership rather than dramatically different policy platforms.

    It’s no surprise that Carney’s unique professional experience elevates his bid to be prime minister in the current political climate. So far, he’s been a calm presence amid a volatile and developing storm. Despite Conservative efforts to try to diminish him, his credentials speak for themselves.

    This helps him to build trust among voters. At any other time, his snippiness with the media when asked about his financial holdings might cost him some political capital, but in the current moment, he will likely be given a pass.



    Read more:
    Can Mark Carney truly connect with Canadian voters? Canada will now find out

    Poilievre no longer has Trudeau for a target

    As British Prime Minister Harold Macmillan once explained, politics is about “events, dear boy, events.”

    Much to the certain chagrin of Conservatives, the polls suggest this moment was custom-made for Carney.

    Trump’s attacks and threats against Canadian sovereignty tee up Carney’s pitches for Canada’s economic independence perfectly. His campaign material basically writes itself, and his economic gravitas makes him a solid messenger.

    Carney is both reassuring Canadians in this moment of anxiety as well as tapping into Canadian pride, in his own words and through celebrity proxies like comedian Mike Myers who are helping him reach audiences who tuned out Trudeau a long time ago.

    Mike Myers appears with Mark Carney in this ad on Carney’s YouTube channel.

    This is not to count out Poilievre. With the Conservative base firmly behind him, he could be poised to form a government or keep Carney to a minority.

    But the question on the ballot is no longer about Trudeau — it’s about who Canadians trust to lead them through a disruptive and unpredictable time.

    Poilievre has been working tirelessly for years to position himself as the person for the job.

    But the peculiar circumstances of the moment — and the fear and anxiety that Canadians are having trouble shaking amid Trump’s continuing threats — might drive many voters towards the non-politician whose track record as a fixer gives people the reassurance they are looking for.

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

    – ref. Canadians are anxious as they ponder how to vote this election. Which leader can ease their fears? – https://theconversation.com/canadians-are-anxious-as-they-ponder-how-to-vote-this-election-which-leader-can-ease-their-fears-252701

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Ninja swords banned by summer as manifesto commitment delivered

    Source: United Kingdom – Executive Government & Departments

    News story

    Ninja swords banned by summer as manifesto commitment delivered

    Final part of Ronan’s Law introduced in Parliament thanks to campaigning of Kanda family.

    Image: Getty Images

    In a further move to break the cycle of young people carrying knives and to better protect the public from knife-related crime, from 1 August, ninja swords will be banned. This will make it illegal to possess, manufacture, import or sell these deadly weapons.  

    The majority of ninja swords have a blade between 14 inches and 24 inches with one straight cutting edge with a tanto style point. From 1 August, anyone caught in possession of a ninja sword in private could face 6 months in prison, and this will later increase to 2 years under new measures in the Crime and Policing Bill. There is already a penalty of up to 4 years in prison for carrying any weapon in public.  

    Ahead of the ban coming into place, the government, in partnership with law enforcement and members of the Coalition to Tackle Knife Crime, will run its most ambitious surrender scheme yet. The scheme will run across the country, targeting young people most vulnerable to knife crime.  

    The surrender scheme will run from 1 to 31 July to allow any member of the public to hand in these weapons safely.  

    There will also be new safeguards to prevent exploitation of the scheme. For the first time, there will be a cut-off date and no weapons bought after today (27 March) will be eligible for compensation and we will have stronger value checks. There will also be further guidance released advising where a sword can be surrendered if the owner does not wish to visit a local police station or claim compensation. This will offer the greater use of knife surrender bins and their locations.

    The government is exploring every avenue to protect young people and break the behaviour of carrying knives as part of its Plan for Change. The mission to halve knife crime is a cross-Whitehall mission to:

    • restrict the availability of knives online
    • hold those responsible for selling knives irresponsibly to account
    • better support young people at an early stage who are vulnerable to a life of crime

    Home Secretary Yvette Cooper said:

    Knife crime is destroying young lives as too many teenagers are being drawn into violence and it is far too easy for them to get hold of dangerous weapons.

    Ronan Kanda was just 16 when he was ruthlessly killed by 2 boys only a year older than him. Today we are introducing the final part of Ronan’s law in his memory – banning the ninja swords that his killers should never have been able to use.

    We are acting with urgency to bring forward measures to prevent deadly weapons from getting into the wrong hands and will continue to do whatever is needed to prevent young people being killed on our streets as part of our mission to halve knife crime over the next decade. 

    Pooja Kanda said:

    Today marks a very important day for us as a family and our campaign. Since losing our beautiful boy Ronan, we have relentlessly campaigned for a ban on ninja swords – the lethal weapon which took his life. We believe ninja swords have no place in our society other than to seriously harm and kill.

    We are so grateful to our government for hearing us and for recognising how important and urgent it is to get these dangerous weapons off our streets. Each step towards tackling knife crime is a step towards getting justice for our boy Ronan.

    Patrick Green, CEO, Ben Kinsella Trust said:

    The Ben Kinsella Trust welcomes the government’s decision to ban ninja swords and implement Ronan’s Law. These weapons, with no practical purpose beyond violence, are simply instruments of war and have absolutely no place in our society or on our streets. The ease with which such dangerous items have been available has contributed to far too many tragedies. 

    The additional measures under Ronan’s Law, designed to hold those who sell these weapons to account, are critical in breaking the supply chain that fuels this violence. We commend the government for listening to victims’ families, and for taking decisive action.

    Sandra Campbell, Chief Executive Officer, Word 4 Weapons said:

    Word 4 Weapons stands firmly behind the introduction of Ronan’s Law. Ronan’s tragic death at the hands of a ninja sword highlights the urgent need to tighten legislation around dangerous weapons, online and otherwise. This law is a crucial step toward reducing violence and protecting lives in our communities.

    The ninja ban forms part of Ronan’s Law, which aims to tackle the online sale of knives. Last month, the government announced a series of measures to tackle online sales, including a 2-step verification process for the sale of knives online and significant fines for executives who fail to remove knife crime content for their platform. It also announced tougher penalties for being caught with a knife in public and for selling a weapon to any person under 18.  

    Ronan’s Law will also require online retailers to report any bulk or suspicious-looking purchases of knives to the police. This will apply to all online sales of knives, including those who operate through online marketplaces. In the spring, the government will also consult on the introduction of a licensing scheme for retailers who wish to sell knives. 

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Public land unlocked for the next generation of home owners

    Source: United Kingdom – Executive Government & Departments

    Press release

    Public land unlocked for the next generation of home owners

    New taskforce to unlock thousands of homes across England as government takes on the blockers to release surplus public land for housing.

    • New taskforce to unlock thousands of homes across England as government takes on the blockers to release surplus public land for housing, with defence land becoming a ‘trailblazer’ for a new approach for development.

    • Network Rail property company set to unlock up to 40,000 new homes over the next decade with first homes set for development in Newcastle, Cambridge, Manchester, and Nottingham.  

    • Initiatives support the Plan for Change missions to deliver 1.5 million homes by the next parliament, creating jobs and stimulating economic growth.

    Thousands of new homes will be unlocked on surplus public defence land to speed up the delivery of housing for hard-working people and families, thanks to a new taskforce to remove the blockers, build homes and turbocharge economic growth. Alongside a pioneering new Network Rail property company, which will see a further 40,000 homes built, supporting delivery of building 1.5 million homes, as set out in the Plan for Change.

    This goes hand in hand with the government’s planning reforms, which are forecasted to add around £6.2 billion the UK’s economy, according to yesterday’s OBR forecast. This will bring jobs, opportunity and growth to regions across the country – enabling people to see the Plan for Change in action.

    Unused land will be identified, developed and released by a cross-government collaboration, which will focus on getting it back into productive use as quickly as possible by removing barriers that have prevented houses coming forward at pace on vacant public land for too long. 

    This ambitious new partnership approach will explore new delivery models, establish collaborative agreements between the Ministry of Defence, Homes England, Network Rail and other government bodies, bring in the private sector – ultimately getting spades in the ground sooner to deliver homes faster, making the dream of homeownership a reality for many.

    It will also see a new property company created between Network Rail property and London & Continental Railways, which will attract public and private investment to develop brownfield sites. It will become operational later this year and will have the potential to deliver 40,000 new homes over the next ten years. Today the Chancellor Rachel Reeves is confirming the first four sites that will be developed in Newcastle, Cambridge, Manchester, and Nottingham.

    Chancellor Rachel Reeves said:

    For too long, surplus government-owned sites have gone underused, but they are a huge untapped resource that could create opportunities for the next generation of homeowners. 

    In contrast to the failed approach of the past, we are making the best use of public land to build the homes that families and our Armed Forces need, improving opportunities for homeownership and creating jobs across the country.

    The OBR has confirmed our planning reforms will result in housebuilding being at its highest in over 40 years – that won’t just bring jobs and economic growth – but also will give families the homes that they deserve, delivering on our Plan for Change.

    Deputy Prime Minister and Housing Secretary, Angela Rayner said:

    So many working people and families are locked out of the dream of a secure home and this is a direct consequence of the housing crisis we’ve inherited.

    That’s why we’re unlocking public land today for much-needed new housing to help end the housing crisis, deliver 1.5 million homes, and unleash growth as part of our Plan for Change.

    Defence land 

    Today (27 March) the Chancellor is confirming the first of these sites to be unblocked through this ambitious new approach and begin delivering homes in this Parliament. This includes a site in Ripon, which will be transferred from MoD to Homes England to allow construction at Deverell Barracks to start within 12 months to expedite the delivery of 1,300 homes.

    A new partnership between the MoD and Homes England will also aim to unlock a further 1,300 homes by partially releasing land at Chetwynd Barracks, Chilwell and deliver thousands of new homes at Wyton airfield in Cambridgeshire in the coming years.

    This move is just the start, the Defence Secretary has identified the long-term opportunity to build over 100,000 homes on surplus defence land, improving opportunities for homeownership and creating jobs across the country. 

    Part of this effort includes a commitment to building and modernising family homes for the Armed Forces and Veterans. The disastrous 1996 privatisation of Armed Forces family housing was reversed in January this year, an established expert and independent Review Team will drive a once in a generation plan to modernise homes for 50,000 Armed Forces families, with a new Defence Housing Strategy to be launched later this Summer.

    The innovative partnership between the MoD and Homes England will be the blueprint for a new “trailblazer” approach to accelerate the release of public land.

    Defence Secretary John Healey said:

    This work will unlock thousands of new homes on surplus defence land, including in North Yorkshire, Nottingham and Cambridgeshire – developments promised for years by the last government, but never delivered.

    This heralds a new, trailblazer approach to the use of public land which will not be a fire sale of public assets, but a truly cross-government effort to remove blockers, deliver homes and boost growth in support of our Plan for Change.

    This taskforce is a bold first step, as we make the most of an historic opportunity to build over 100,000 homes on surplus defence land in the coming years, delivering on our commitments to British families and our Armed Forces.

    Rail estate land 

    As part of the new property company, significant sites that are in the pipeline for development, include: 

    • Newcastle Forth Yards: a 100-acre regeneration opportunity which could deliver 5,000 new homes 

    • Manchester Mayfield: opportunity for 1,500 new homes 

    • Cambridge: a mixed-use development with 425 homes  

    • Nottingham: 200 new homes following 348 successfully delivered homes at The Barnum, Nottingham 

    Today’s announcements follow the introduction of the Planning and Infrastructure Bill to Parliament which will see significant measures introduced to speed up planning decisions to boost housebuilding and builds on work the government has already carried out to get Britain building including overhauling the National Planning Policy Framework.

    More information

    • The government is committed to honouring the sacrifices made by veterans and ensuring homes will be there for heroes. In November, the government announced plans to give veterans greater access to social housing by removing a local connection requirement. More information within the Easier access to social housing for veterans confirmed press release.

    • The government will publish a Long-Term Housing Strategy and has committed to set out details of further new government investment in social and affordable housing to at the Spending Review this year, following on from the £2 billion down payment announced yesterday, as well as confirming the government’s plans to provide certainty for the transformative programme of building the new generation of new towns.

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: 67 Percent of Developers Say AI Has Increased Pressure to Deliver Faster – At a Pace That’s Becoming Unrealistic

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., March 27, 2025 (GLOBE NEWSWIRE) — HackerRank, the Developer Skills Company, today unveiled the developer hiring, AI and upskilling trends shaping 2025. In the latest release of its annual Developer Skills Report, HackerRank found disparities in how AI is currently used among the developer community. At the same time, hiring expectations and employment satisfaction are changing, with some 40 percent of developers planning to leave their current jobs within a year. This confluence of factors is making it imperative that companies ensure that workforce strategies keep pace with talent or risk losing out to the competition.

    Leveraging millions of real-world interactions from the HackerRank platform and survey responses from 13,372 developers representing 102 countries, HackerRank’s Developer Skills Report offers a data-driven look at the developer landscape in 2025. High-level findings indicate:

    • 97 percent of developers use AI, but deep adopters see greater gains than casual users. Developers leaning into AI are getting more done and completing projects faster.
    • With an average one-third of code now AI-generated, companies have come to expect faster output, which is raising pressure on developer talent. The heaviest users report that 48 percent of their code is AI-generated.
    • Developers’ biggest concerns for 2025 are advancing their careers and keeping up with new technologies. Sixty-one percent of developers without learning opportunities plan to leave their current roles within a year rather than wait for companies to invest in them.
    • 74 percent of developers say finding a job remains difficult. But the issue isn’t a lack of open positions – it’s the hiring process, especially for early-career entrants.
    • Even as hiring picks up, layers of friction make landing a job harder than it should be, and many developers filter out long before the offer stage. Sixty-six percent of developers want to be evaluated on real-world skills over theoretical tests.

    “The shift from human-only work to AI-augmented work is accelerating, and now AI isn’t just assisting—it’s acting as an agent, making decisions, generating code and performing tasks once limited to skilled professionals,” said Kyle Lagunas, Head of Strategy & Principal Analyst at Aptitude Research. “This isn’t a future problem; it’s today’s reality. HR needs to be thinking beyond hiring and upskilling—it’s about workforce planning at a whole new level.”

    The 2025 HackerRank Developer Skills Report also takes a closer look at the tech hiring experience from the developer’s perspective at various career stages, including current challenges around resume filters, response times, ghost postings, assessment prep and more. That is contrasted against how AI is changing both how developers work and how they view their work in the context of career development, learning and upskilling, providing critical insights for employers looking to improve tech recruiting strategies and outcomes in 2025 and beyond.

    Vivek Ravisankar, co-founder and CEO of HackerRank, commented, “For developers, the AI revolution is already here, and in most cases, they are adapting faster than their employers. Our research shows that if companies are serious about hiring and retaining tech talent, they need to rethink how they attract, engage and upskill developers sooner rather than later. This report offers a clear look at what needs to change and why.”

    To download the 2025 HackerRank Developer Skills Report, visit https://www.hackerrank.com/reports/developer-skills-report-2025.

    About HackerRank
    HackerRank, the Developer Skills Company, leads the market with over 2,500 customers and a community of over 25 million developers. Having pioneered this space, companies trust HackerRank to help them set up a skills strategy, showcase their brand to developers, implement a skills-based hiring process, and ultimately upskill and certify employees…all driven by AI. Learn more at hackerrank.com.

    The MIL Network –

  • MIL-OSI: Bitfarms Reports Fourth Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    – Revenue of $56 million, up 21% Y/Y –
    – Gross mining margin of 47%, down from 57% from Q4 2023 –
    – 18.6 EHuM up 186% from Q4 2023-
    – Current efficiency of 19w/TH a 45% improvement from Q4 2023-
    -Total energy pipeline of ~1.4 GW, ~80% based in the U.S.-
    -Completed acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center-

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario and BROSSARD, Québec, March 27, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin data center company, reported its financial results for the fourth quarter ended December 31, 2024. All financial references are in U.S. dollars.  

    CEO Ben Gagnon stated, “Bitfarms is a completely different company than we were at the beginning of 2024. Across nearly every metric, we have rapidly transformed from the international Bitcoin miner to a North American energy and compute company.  We now have one of the largest portfolios of flexible MW in the PJM market among Bitcoin miners and are well-positioned to capitalize on macro tailwinds and surging demand for U.S. power and infrastructure. From January 2024, we’ve grown our energized capacity over 90% to 461 MW and secured a multi-year pipeline of over 1.4 GW, nearly 80% of which is based in the U.S and over 90% of which is based in North America.

    “Just last week, we closed both the transformative acquisition of Stronghold Digital Mining, the largest M&A deal between two public miners in our industry, and the strategic sale of our 200 MW Yguazu data center, our largest constructed site. Thus far this quarter, we  advanced our HPC/AI strategy with the engagement of two new advisors,  hired two new critical team members, an SVP of HPC and an SVP of Infrastructure, and significantly improved our hashrate, reaching 18.6 EHuM, which we expect will generate operating cash flow through 2026 and beyond.

    “While we remain confident in the significant upside potential of our BTC mining operations and continue to maximize the value of our assets, our revenue diversification strategy—both in the U.S. and with HPC/AI—is geared toward driving greater shareholder value. We aim to secure long-term, predictable cash flows from a well-capitalized HPC/AI customer, while diversifying our revenue streams, reducing our dependency on BTC price volatility, and capitalizing on the growing demand for AI computing. Our two recent strategic transactions, the Stronghold acquisition and the Yguazu data center sale, demonstrate execution of this strategy,” concluded Mr. Gagnon.

    SVP of Mining Operations Alex Brammer stated, “We’ve made significant progress with our mining operations over the past year, nearly tripling our hashrate and improving our efficiency by over 40%. This momentum continues to accelerate. In the last three months alone, we grew our hashrate over 40% to 18.6 EH/s and reached our first half efficiency target of 19 w/TH three months ahead of schedule. This was achieved through the energization of two North American sites, new miner deliveries and continued optimizations across all of our sites.”

    CFO Jeff Lucas stated, “The recent acquisition of Stronghold and sale of Yguazu have expanded our growth opportunities and strengthened our financial profile. Our identified capex requirements for 2025 are now 20% lower than previously planned and we have no plans for large miner purchases in 2025 or 2026; instead, we will be deploying this capital towards developing U.S. energy and HPC infrastructure. We expect that this shift in our strategy will enable us to raise capital more cost-effectively and to secure steadier earnings streams and greater operating margins, the culmination of which we expect will drive long-term shareholder value.”

    Anticipated Megawatt Growth

    Mining Operations

    • Current hashrate of 18.6 EHuM, up from 6.5 EHuM in Q4 2023
    • Current efficiency of 19 w/TH, a 45% improvement from Q4 2023

    Recent Strategic Developments 

    • Completed previously announced acquisition of Stronghold Digital Mining, Inc.
    • Completed previously announced sale of 200 MW data center in Yguazu, Paraguay to HIVE Digital Technologies 
    • Secured two strategic partners, ASG and World Wide Technology, to advance HPC/AI business
    • Strengthened Management team with two new strategic hires, James Bond, SVP of HPC/AI, and Craig Hibbard, SVP of Infrastructure 
    • Initiated Bitcoin One program following the success of Synthetic HODL program in 2024, which achieved a 135% return since the program’s inception in Q4 2023 through December 31, 2024.

    Q4 2024 Financial Highlights

    • Total revenue of $56 million, up 21% Y/Y
    • Gross mining margin of 47%, down from 57% in Q4 2023
    • General and administrative expenses of $18 million, compared to $13 million in Q4 2023
    • Operating loss of $16 million compared to an operating loss of $13 million in Q4 2023
    • Net income of $15 million, or $0.03 per basic and diluted share compared to a net loss of $62 million or $0.21 per basic and diluted share in Q4 2023
    • Adjusted EBITDA* of $14 million, or 25% of revenue, down from $16 million or 35% of revenue in Q4 2023
    • The Company earned 654 BTC at an average direct cost of production per BTC* of $40,800
    • Total cash cost of production per BTC* was $60,800 in Q4 2024

    Liquidity**
    As of March 26, 2025, the Company had total liquidity of approximately $135 million. 

    Q4 2024 and Recent Financing Activities

    • Sold 502 BTC at an average price of $81,400 for total proceeds of $41 million in Q4 2024 and sold 117 of the 414 BTC earned during January and February 2025, generating total proceeds of $11 million. A portion of the funds was used to pay capital expenditures to support the Company’s growth and efficiency improvement objectives.
    • As of March 26, 2025, the Company held 1,093 Bitcoin.
    • Raised $50 million in net proceeds during Q4 2024 bringing the total net proceeds to $314 million through March 26, 2025 under the Company’s 2024 at-the-market equity offering program.
    Quarterly Operating Performance      
      Q4 2024 Q3 2024 Q4 2023
    Total BTC earned                       654                       703                    1,236
    Average Watts/Average TH efficiency***                         22                         23                         35
    BTC sold                       502                       461                    1,135
      As of December 31, As of September 30, As of December 31,
      2024 2024 2023
    Operating EH/s                      12.8                      11.3                         6.5
    Operating capacity (MW)                       394                       310                       240
    Quarterly Average Revenue**** and Cost of Production per BTC*
      Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023
    Avg. Rev****/BTC $82,400 $60,900 $65,800 $52,400 $36,400
    Direct Cost*/BTC $40,800 $36,600 $30,600 $18,400 $14,400
    Total Cash Cost*/BTC $60,800 $53,700 $47,600 $27,900 $23,300

    * Gross mining profit, gross mining margin, EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, Direct Cost per BTC and Total Cash Cost per BTC are non-IFRS financial measures or ratios and should be read in conjunction with, and should not be viewed as alternatives to or replacements of measures of operating results and liquidity presented in accordance with IFRS. Readers are referred to the reconciliations of non-IFRS measures included in the Company’s MD&A and at the end of this press release.
    ** Liquidity represents cash and balance of unrestricted digital assets.
    *** Average watts represent the energy consumption of miners.
    **** Average revenue per BTC is for mining operations only and excludes Volta revenue.

    Conference Call 

    Management will host a conference call today at 8:00 am EST. All Q4 2024 materials will be available before the call and can be accessed on the ‘Financial Results’ section of the Bitfarms investor site.  

    The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    Non-IFRS Measures*
    As a Canadian company, Bitfarms follows International Financial Reporting Standards (IFRS) which are issued by the International Accounting Standard Board (IASB). Under IFRS rules, the Company does not reflect the revaluation gains on the mark-to-market of its Bitcoin holdings in its income statement. It also does not include the revaluation losses on the mark-to-market of its Bitcoin holdings in Adjusted EBITDA, which is a measure of the cash profitability of its operations and does not reflect the change in value of its assets and liabilities.

    The Company uses Adjusted EBITDA to measure its operating activities’ financial performance and cash generating capability.

    About Bitfarms Ltd.
    Founded in 2017, Bitfarms is a global Bitcoin data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.

    Bitfarms currently has 15 operating Bitcoin data centers and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    http://x.com/Bitfarms_io
     https://www.instagram.com/bitfarms/
     https://www.linkedin.com/company/bitfarms/

    Glossary of Terms

    • BTC BTC/day = Bitcoin or Bitcoin per day
    • EHuM = Exahash Under Management, which includes Bitfarms’ proprietary hashrate and hashrate being hosted by Bitfarms for third-party hosting clients
    • EH or EH/s = Exahash or exahash per second
    • MW or MWh = Megawatts or megawatt hour
    • w/TH = Watts/Terahash efficiency (includes cost of powering supplementary equipment)
    • Q/Q = Quarter over Quarter
    • Y/Y = Year over Year
    • Synthetic HODL™ = the use of instruments that create Bitcoin equivalent exposure
    • HPC/AI = High Performance Computing / Artificial Intelligence

    Forward-Looking Statements 
    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the the Company’s energy pipeline and its anticipated megawatt growth in each of the years 2025, 2026 and 2028, its revenue diversification strategy, the success of the Company’s HPC/AI strategy and its ability to capitalize on growing demand for AI computing while securing predictable cash flows, the Company’s ability to drive greater shareholder value,  and other statements regarding future growth, plans and objectives of the Company are forward-looking information.

    Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms  operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing to qualify as an “emerging growth company”; risks related to unsolicited investor interest, takeover proposals, shareholder activism or proxy contests relating to the election of directors; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on  www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission (the “SEC“) at www.sec.gov), including the management’s discussion & analysis for the year-ended December 31, 2024 Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law.   Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contacts:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contacts:

    Caroline Brady Baker
    Director, Communications
    cbaker@bitfarms.com 

    Bitfarms Ltd. Consolidated Financial & Operational Results
         
      Three months ended December 31, Year ended December 31,
    (U.S.$ in thousands except where indicated) 2024   2023   $ Change % Change 2024   2023   $ Change % Change
    Revenues    56,163      46,241          9,922   21 % 192,881   146,366        46,515   32 %
    Cost of revenues   (54,776 )   (44,484 )     (10,292 ) 23 % (225,240 ) (167,868 )     (57,372 ) 34 %
    Gross (loss) profit      1,387        1,757            (370 ) (21) %   (32,359 )   (21,502 )     (10,857 ) 50 %
    Gross margin (1) 2 % 4 % —   —   (17) % (15) %  —   —  
                     
    Operating expenses                
    General and administrative expenses   (18,042 )   (13,405 )       (4,637 ) 35 %   (71,240 )   (39,292 )     (31,948 ) 81 %
    Reversal of revaluation loss on digital
    assets    		            —        1,183         (1,183 ) (100) %            —        2,695         (2,695 ) (100) %
    Gain (loss) on disposition of property,
    plant and equipment and deposits    		         270              (2 )           272   nm        (336 )     (1,778 )        1,442   (81) %
    Impairment on short-term prepaid
    deposits, property, plant and
    equipment and assets held for sale    		            —       (2,270 )        2,270   100 %     (3,628 )   (12,252 )        8,624   (70) %
    Operating loss   (16,385 )   (12,737 )       (3,648 ) 29 % (107,563 )   (72,129 )     (35,434 ) 49 %
    Operating margin (1) (29) % (28) % —   —   (56) % (49) % —   —  
                     
    Net financial income (expenses)    21,843     (49,686 )      71,529   144 %    39,210     (37,194 )      76,404   205 %
    Net (loss) income before income taxes      5,458     (62,423 )      67,881   109 %   (68,353 ) (109,323 )      40,970   (37) %
                     
    Income tax recovery      9,707           378          9,329   nm    14,290           401        13,889     nm
    Net (loss) income    15,165     (62,045 )      77,210   124 %   (54,063 ) (108,922 )      54,859   (50) %
                     
    Basic (loss) earnings per share (in U.S. dollars)        0.03         (0.21 )              —           —         (0.13 )       (0.42 )              —           —  
    Diluted earnings (loss) per share (in U.S. dollars)        0.03         (0.21 )              —           —         (0.13 )       (0.42 )              —           —  
    Change in revaluation surplus – digital assets, net of tax    26,421        7,675        18,746   244 %    39,120        9,242        29,878   323 %
    Total comprehensive income (loss), net of tax    41,586     (54,370 )      95,956   176 %   (14,943 )   (99,680 )      84,737   (85 %)
                     
    Gross Mining profit (2)    25,786      25,454             332   1 %    94,469      70,277        24,192   34 %
    Gross Mining margin (2) 47 % 57 %              —   —   50 % 50 %              —   —  
    EBITDA (2)    29,752     (40,542 )      70,294   173 %    68,315     (21,879 )      90,194   412 %
    EBITDA margin (2) 53 % (88)  % —   —   35 % (15) %              —   —  
    Adjusted EBITDA (2)    14,315      16,332         (2,017 ) (12) %    54,661      43,558        11,103   25 %
    Adjusted EBITDA margin (2) 25 % 35 %              —           —   28 % 30 %              —           —  
       
    1 Gross margin and Operating margin are supplemental financial ratios; refer to Section 10 – Non-IFRS and Other Financial Measures and Ratios of the Company’s MD&A.
    2 Gross Mining profit, Gross Mining margin, EBITDA, EBITDA margin, Adjusted EBITDA and Adjusted EBITDA margin are non-IFRS measures or ratios; refer to Section 10 – Non-IFRS and Other Financial Measures and Ratios of the Company’s MD&A.

     

    Bitfarms Ltd. Reconciliation of Consolidated Net Income (loss) to EBITDA and Adjusted EBITDA
     
      Three months ended December 31, Year ended December 31,
    (U.S.$ in thousands except where indicated) 2024   2023   $ Change % Change 2024   2023   $ Change % Change
    Revenues 56,163   46,241        9,922   21 % 192,881   146,366     46,515   32 %
                     
    Net (loss) income before income taxes 5,458   (62,423 )   67,881   nm (68,353 ) (109,323 )   40,970   (37) %
    Interest (income) and expense (290 ) 91         (381 ) (419) % (4,299 ) 2,659      (6,958 ) (262) %
    Depreciation and amortization 24,584   21,790        2,794   13 % 149,727   84,785     64,942   77 %
    Sales tax recovery – depreciation and amortization —   —              —   — % (8,760 ) —      (8,760 ) 100 %
    EBITDA 29,752   (40,542 )   70,294   nm 68,315   (21,879 )   90,194     nm
    EBITDA margin 53 % (88) %            —           —      35 % (15) %            —     nm
    Share-based payment 4,021   3,906           115   3 % 13,949   10,915        3,034   28 %
    Impairment on short-term prepaid deposits, property, plant and equipment and assets held for sale —   2,270      (2,270 ) 100 % 3,628   12,252      (8,624 ) (70) %
    Reversal of revaluation loss on digital assets —   (1,183 )      1,183   100 % —   (2,695 )      2,695   100 %
    Gain on extinguishment of long-term debt and lease liabilities —   —              —   — % —   (12,835 )   12,835   100 %
    (Gain) loss revaluation of warrants (6,314 ) 42,760   (49,074 ) (115) % (19,603 ) 42,974   (62,577 ) (146) %
    Gain on disposition of marketable securities (782 ) (999 )         217   (22) % (2,313 ) (12,245 )      9,932   (81) %
    Service fees not associated with ongoing operations 1,287   —        1,287   100 % 13,766   —     13,766   100 %
    Sales tax recovery – prior years – energy and infrastructure and G&A expenses (1) —   2,485      (2,485 ) 100 % (16,081 ) 9,281   (25,362 ) (273) %
    Net financial (income) expense and other (13,649 ) 7,635   (21,284 ) (279) % (7,000 ) 17,790   (24,790 ) (139) %
    Adjusted EBITDA 14,315   16,332      (2,017 ) (12) % 54,661   43,558     11,103   25 %
    Adjusted EBITDA margin 25 % 35 % —   —   28 % 30 % —   —  

    nm: not meaningful

       
    1 Sales tax recovery relating to energy and infrastructure and general and administrative expenses have been allocated to their respective periods; refer to Note 29b – Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss (Canadian sales tax refund) to the Financial Statements. 
    Bitfarms Ltd. Calculation of Gross Mining Profit and Gross Mining Margin
         
      Three months ended December 31, Year ended December 31,
    (U.S.$ in thousands except where indicated) 2024   2023   $ Change % Change 2024   2023   $ Change % Change
    Gross (loss) profit     1,387       1,757          (370 ) (21) % (32,359 ) (21,502 )   (10,857 ) 50 %
    Non-Mining revenues¹ (1,592 ) (1,285 )        (307 ) 24 % (5,102 ) (5,060 )           (42 ) 1 %
    Depreciation and amortization   24,584     21,790        2,794   13 % 149,727     84,785      64,942   77 %
    Sales tax recovery – depreciation and amortization            —              —              —   — % (8,760 )            —       (8,760 ) (100)  
    Electrical components and salaries     1,403       1,095           308   28 %     4,081       4,151             (70 ) (2) %
    Sales tax recovery – prior years – energy and infrastructure²            —       2,211      (2,211 ) 100 % (14,338 )     8,366     (22,704 ) (271) %
    Other             4        (114 )         118   nm     1,220        (463 )       1,683   nm
    Gross Mining profit   25,786     25,454           332   1 %   94,469     70,277      24,192   34 %
    Gross Mining margin 47 % 57 %            —           —      50 % 50 %             —          —     

    nm: not meaningful

    (1 ) Non-Mining revenues reconciliation:
      Three months ended December 31, Year ended December 31,
    (U.S.$ in thousands except where indicated) 2024   2023   $ Change % Change 2024   2023   $ Change % Change
    Revenues       56,163         46,241          9,922   21 %     192,881       146,366         46,515   32 %
    Less Mining related revenues for the purpose of calculating gross Mining margin:                
    Mining revenues³     (54,571 )     (44,956 )       (9,615 ) 21 %   (187,779 )   (141,306 )     (46,473 ) 33 %
    Non-Mining revenues        1,592          1,285             307   24 %        5,102          5,060               42   1 %
    (2 ) Sales tax recovery relating to energy and infrastructure expenses has been allocated to their respective periods; refer to Note 29b – Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss (Canadian sales tax refund) to the Financial Statements. 
    (3 ) Mining revenues include revenues from sale of computational power used for hashing calculations and revenues from computational power sold in exchange of services.
    Bitfarms Ltd. Calculation of Direct Cost and Direct Cost per BTC
     
      Three months ended December 31, Year ended December 31,
    (U.S.$ in thousands except where indicated) 2024   2023   $ Change % Change 2024   2023   $ Change % Change
    Cost of revenues    54,776      44,484      10,292   23 % 225,240   167,868      57,372   34 %
    Depreciation and amortization (24,584 ) (21,790 )     (2,794 ) 13 % (149,727 )   (84,785 )   (64,942 ) 77 %
    Sales tax recovery – depreciation and amortization            —              —              —   — %       8,760               —         8,760   100 %
    Electrical components and salaries     (1,403 )     (1,091 )        (312 ) 29 %     (4,081 )     (4,141 )            60   (1) %
    Infrastructure     (1,456 )     (1,607 )          151   (9) %     (5,784 )     (3,909 )     (1,875 ) 48 %
    Sales tax recovery – prior years – energy and infrastructure (1)            —       (2,211 )      2,211   100 %    14,338       (8,366 )    22,704   271 %
    Other        (649 )            —          (649 ) (100) %             —              82             (82 ) (100) %
    Direct Cost    26,684      17,785        8,899   50 %    88,746      66,749      21,997   33 %
    Quantity of BTC earned          654        1,236          (582 ) (47) %       2,914         4,928       (2,014 ) (41) %
    Direct Cost per BTC (in U.S. dollars)    40,800      14,400      26,400   183 %    30,500      13,500      17,000   126 %

    nm: not meaningful

    Bitfarms Ltd. Calculation of Total Cash Cost and Total Cost per BTC
     
      Three months ended December 31, Year ended December 31,
    (U.S.$ in thousands except where indicated) 2024   2023   $ Change % Change 2024   2023   $ Change % Change
    Cost of revenues    54,776      44,484      10,292   23 % 225,240   167,868      57,372   34 %
    General and administrative expenses    18,042      13,405         4,637   35 %    71,240      39,292      31,948   81 %
         72,818      57,889      14,929   26 % 296,480   207,160      89,320   43 %
    Depreciation and amortization   (24,584 )   (21,790 )     (2,794 ) 13 % (149,727 )   (84,785 )   (64,942 ) 77 %
    Non-cash service expense (2)        (688 )             —          (688 ) (100) %     (1,252 )             —       (1,252 ) (100) %
    Sales tax recovery – depreciation and amortization             —               —               —   — %       8,760               —         8,760   100 %
    Electrical components and salaries     (1,403 )     (1,091 )        (312 ) 29 %     (4,081 )     (4,141 )            60   (1) %
    Share-based payment     (4,021 )     (3,906 )        (115 ) 3 %   (13,949 )   (10,915 )     (3,034 ) 28 %
    Service fees not associated with ongoing operations     (1,287 )             —       (1,287 ) (100) %   (13,766 )             —     (13,766 ) (100) %
    Sales tax recovery – prior years – energy and infrastructure and G&A expenses (1)             —       (2,485 )       2,485   100 %    16,081       (9,281 )    25,362   273 %
    Other     (1,078 )          201       (1,279 ) (636) %     (5,659 )          890       (6,549 ) (736) %
    Total Cash Cost    39,757      28,818      10,939   38 % 132,887      98,928      33,959   34 %
    Quantity of BTC earned          654         1,236          (582 ) (47) %       2,914         4,928       (2,014 ) (41) %
    Total Cash Cost per BTC (in U.S. dollars)    60,800      23,300      37,500   161 %    45,600      20,100      25,500   127 %

    nm: not meaningful

       
    1 Sales tax recovery relating to energy and infrastructure and general and administrative expenses have been allocated to their respective periods; refer to Note 29b – Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss (Canadian sales tax refund) to the Financial Statements. 
    2 Non-cash service expense, included in infrastructure, which was exchanged for computational power sold.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d24a5e36-6201-4d4f-a4f9-8fdc9aaeb95b

    The MIL Network –

  • MIL-OSI: Sachem Capital Reports Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    BRANFORD, Conn., March 27, 2025 (GLOBE NEWSWIRE) — Sachem Capital Corp. (NYSE American: SACH), a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, today announced its financial results for the year ended December 31, 2024.

    John Villano, CPA, Sachem Capital’s Chief Executive Officer commented, “We remain focused on effectively managing our loan portfolio and protecting our capital as we continue our efforts to navigate challenging financial and real estate markets. These efforts include managing our debt load and the associated carrying costs and selling non-performing loans, which should reduce the allowances for credit losses that have been a drag on earnings. We continue to evaluate attractive opportunities to invest capital while maintaining a disciplined capital allocation approach. With our experienced team, we remain confident that growth will return as we leverage strong industry relationships and work to increase shareholder value.”

    Results of operations for year ended December 31, 2024

    Total revenue was $57.5 million compared to $64.7 million in 2023. The decline in revenue was primarily due to fewer originations and a reduction in the number of loans held for investment. Also, interest income, fee income from loans and other investment income was lower compared to 2023. Interest income in 2024 was $43.2 million compared to $49.3 million for 2023. On the other hand, income from partnership investments increased approximately 48.8%, year-over-year.

    Total operating costs and expenses for 2024 were $75.3 million compared to $49.7 million in 2023. The change was primarily due to an increase of $21.3 million in provision for credit losses and a $1.9 million increase in general and administrative expenses. These increases were offset by lower interest and amortization expense of $1.4 million.

    Net loss attributable to common shareholders for 2024 was $43.9 million, or $0.93 per share compared to net income attributable to common shareholders of $12.1 million, or $0.27 per share for 2023.

    Balance Sheet

    Total assets as of the year ended December 31, 2024 were $492.0 million compared to $620.9 million as of December 31, 2023. The change was primarily due to net reduction in loans held for investment by $130.5 million. Total liabilities as of December 31, 2024 were $310.3 million compared to $390.8 million as of December 31, 2023, with the primary decreases coming from the repayment of unsubordinated unsecured five year notes that matured in 2024, in the aggregate principal amount of $58.3 million, and the paydown of lines of credit balances in the aggregate amount of $21.8 million.

    Total indebtedness at year-end was $301.2 million. This includes: $226.5 million of notes payable (net of $3.7 million of deferred financing costs) and $74.7 million aggregate outstanding principal amount of the amounts due under various credit facilities and the mortgage loan on the Company’s office building.

    Total shareholders’ equity at year-end 2024 was $181.7 million compared to $230.1 million at year-end 2023. The change was primarily due to an operational total net loss for the year of $39.6 million and preferred and common stock dividends declared and paid of $15.7 million.

    Dividends

    Over the course of 2024, the Company paid an aggregate of $4.3 million in dividends to holders of its Series A Cumulative Redeemable Preferred Stock and $11.4 million to the holders of its common shares.

    On February 24, 2025, the Company declared a dividend of $0.484375 per share on the Series A Preferred Stock, payable on March 31, 2025 to Series A Preferred Stock shareholders of record on March 15, 2025.

    On March 6, 2025, the Company declared a quarterly dividend of $0.05 per common share payable to common shareholders of record on March 17, 2025. The dividend is expected to be paid March 31, 2025.

    The Company currently operates and qualifies as a Real Estate Investment Trust (REIT) for federal income taxes and intends to continue to qualify and operate as a REIT. Under federal income tax rules, a REIT is required to distribute a minimum of 90% of taxable income each year to its shareholders, and the Company intends to comply with this requirement for the current year.

    Investor Conference Webcast and Call

    The Company is hosting a webcast and conference call Thursday, March 27, 2025 at 8:00 a.m. Eastern Time, to discuss in greater detail its financial results for the full year ended December 31, 2024. A webcast of the call may be accessed on the Company’s website at https://sachemcapitalcorp.com/investor-relations/events-and-presentations/default.aspx.

    Interested parties can access the conference call via telephone by dialing toll free 877-704-4453 for U.S. callers or +1-201-389-0920 for international callers.

    Replay

    The webcast will also be archived on the Company’s website and a telephone replay of the call will be available through Thursday, April 10, 2025, and can be accessed by dialing 1-844-512-2921 for U.S. callers or +1 412-317-6671 for international callers and by entering replay passcode: 13750432.

    About Sachem Capital Corp

    Sachem Capital Corp. is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property. It offers short-term (i.e., three years or less) secured, nonbanking loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties. The Company’s primary underwriting criteria is a conservative loan to value ratio. The properties securing the loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate and is personally guaranteed by the principal(s) of the borrower. The Company also makes opportunistic real estate purchases apart from its lending activities.

    Forward Looking Statements

    This press release may contain forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements. Such forward-looking statements are subject to several risks, uncertainties and assumptions as described in the Annual Report on Form 10-K for 2024 to be filed with the U.S. Securities and Exchange Commission (the “SEC”) on or before March 31, 2025. Because of these risks, uncertainties and assumptions, any forward-looking events and circumstances discussed in this press release may not occur. You should not rely upon forward-looking statements as predictions of future events. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company disclaims any duty to update any of these forward-looking statements. All forward-looking statements attributable to the Company are expressly qualified in their entirety by these cautionary statements as well as others made in this press release. You should evaluate all forward-looking statements made by the Company in the context of these risks and uncertainties.

    Investor & Media Contact:
    Email: investors@sachemcapitalcorp.com

    SACHEM CAPITAL CORP.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share data)
                 
           Years Ended
        December 31,
        2024    2023 
    Assets     (unaudited)       (audited)  
    Cash and cash equivalents   $ 18,066     $ 12,598  
    Investment securities (at fair value)     1,517       37,776  
    Loans held for investment (net of deferred loan fees of $1,950 and $4,647)     375,041       494,588  
    Allowance for credit losses     (18,470 )     (7,523 )
    Loans held for investments, net of allowances for credit losses     356,571       487,065  
    Loans held for sale (net, of valuation allowance of $4,880 and $0)     10,970       —  
    Interest and fees receivable, net     3,768       8,475  
    Due from borrowers, net     5,150       5,597  
    Real estate owned, net     18,574       3,462  
    Investments in limited liability companies     53,942       43,036  
    Investments in rental real estate, net     14,032       10,554  
    Property and equipment, net     3,222       3,373  
    Other assets     6,164       8,956  
    Total assets   $ 491,976     $ 620,892  
    Liabilities and Shareholders’ Equity            
    Liabilities:            
    Notes payable (net of deferred financing costs of $3,713 and $6,048)   $ 226,526     $ 282,353  
    Repurchase agreements     33,708       26,461  
    Mortgage payable     1,002       1,081  
    Lines of credit     40,000       61,792  
    Accrued dividends payable     —       5,144  
    Accounts payable and accrued liabilities     4,377       2,322  
    Advances from borrowers     4,047       10,998  
    Below market lease intangible     665       665  
    Total liabilities     310,325       390,816  
    Commitments and Contingencies            
    Shareholders’ equity:            
    Preferred shares – $.001 par value; 5,000,000 shares authorized; 2,903,000 shares designated as Series A Preferred Stock; 2,306,748 and 2,029,923 shares of Series A Preferred Stock issued and outstanding at December 31, 2024 and December 31, 2023, respectively     2       2  
    Common stock – $.001 par value; 200,000,000 shares authorized; 46,965,306 and 46,765,483 issued and outstanding at December 31, 2024 and December 31, 2023, respectively     47       47  
    Additional paid-in capital     256,956       249,826  
    Accumulated other comprehensive income     —       316  
    Cumulative net earnings     35,518       75,089  
    Cumulative dividends paid     (110,872 )     (95,204 )
    Total shareholders’ equity     181,651       230,076  
    Total liabilities and shareholders’ equity   $ 491,976     $ 620,892  
    SACHEM CAPITAL CORP.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except share and per share data)
                 
        Years Ended
        December 31, 
           2024   2023
    Revenues     (unaudited)       (audited)  
    Interest income from loans   $ 43,154     $ 49,265  
    Fee income from loans     8,594       10,699  
    Income from limited liability company investments     5,239       3,522  
    Other investment income     391       1,209  
    Other income     122       54  
    Total revenues     57,500       64,749  
                 
    Operating expenses            
    Interest and amortization of deferred financing costs     27,798       29,190  
    Compensation and employee benefits     6,824       6,932  
    General and administrative expenses     6,841       4,955  
    Provision for credit losses related to available-for-sale debt securities     —       809  
    Provision for credit losses related to loans held for investment     26,928       5,588  
    Change in valuation allowance, loans held for sale     4,880       —  
    Impairment loss on real estate owned     492       794  
    (Gain) loss on sale of real estate and property and equipment, net     (439 )     88  
    Other expenses     1,952       1,354  
    Total operating expenses     75,276       49,710  
    Operating (loss) income before other (loss) income     (17,776 )     15,039  
                 
    Other (loss) income            
    Gain on equity securities     178       860  
    Loss on sale of loans     (21,973 )     —  
    Total other (loss) income, net     (21,795 )     860  
    Net (loss) income     (39,571 )     15,899  
    Preferred stock dividend     (4,304 )     (3,795 )
    Net (loss) income attributable to common shareholders   $ (43,875 )   $ 12,104  
                 
    Basic (loss) earnings per Common Share   $ (0.93 )   $ 0.27  
    Diluted (loss) earnings per Common Share   $ (0.93 )   $ 0.27  
    Basic weighted average Common Shares outstanding     47,413,012       44,244,988  
    Diluted weighted average Common Shares outstanding     47,413,012       44,244,988  
    SACHEM CAPITAL CORP.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands)
                 
        Years Ended
        December 31,
           2024       2023 
    CASH FLOWS FROM OPERATING ACTIVITIES     (unaudited)       (audited)  
    Net (loss) income   $ (39,571 )   $ 15,899  
    Adjustments to reconcile net (loss) income to net cash provided by operating activities:            
    Amortization of deferred financing costs     2,456       2,415  
    Depreciation expense     372       266  
    Write-off of other assets – pre-offering costs     —       477  
    Stock-based compensation     863       823  
    Provision for credit losses related to available-for-sale debt securities     —       809  
    Provision for credit losses related to loans held for investment     26,928       5,588  
    Change in valuation allowance, loans held for sale     4,880       —  
    Loss on sale of Loans     21,973       —  
    Impairment loss on real estate owned     492       794  
    (Gain) loss on sale of real estate and property and equipment, net     (439 )     88  
    (Gain) on equity securities     (178 )     (860 )
    Changes in operating assets and liabilities:            
    Interest and fees receivable, net     1,574       (2,285 )
    Other assets     2,656       (3,596 )
    Due from borrowers, net     (689 )     (334 )
    Accounts payable and accrued liabilities     1,132       374  
    Deferred loan fees revenue     (2,697 )     287  
    Advances from borrowers     (6,951 )     1,106  
    Total adjustments and operating changes     52,372       5,952  
    NET CASH PROVIDED BY OPERATING ACTIVITIES     12,801       21,851  
                 
    CASH FLOWS FROM INVESTING ACTIVITIES              
    Purchase of investment securities     (7,767 )     (30,415 )
    Proceeds from the sale of investment securities     43,964       18,120  
    Purchase of interests in limited liability companies     (18,271 )     (13,896 )
    Proceeds from limited liability companies returns of capital     7,310       1,661  
    Proceeds from sale of loans, net     36,122       —  
    Proceeds from sale of real estate owned     2,613       450  
    Acquisitions of and improvements to real estate owned     (510 )     (229 )
    Proceeds from sale of property and equipment     —       1,299  
    Purchase of property and equipment     (203 )     (784 )
    Improvements in investment in rental real estate     (3,496 )     (10,845 )
    Principal disbursements for loans     (134,298 )     (204,885 )
    Principal collections on loans     154,654       167,036  
    NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES     80,118       (72,488 )
                 
    CASH FLOWS FROM FINANCING ACTIVITIES              
    Proceeds from lines of credit     27,959       58,204  
    Repayments on lines of credit     (49,751 )     —  
    Proceeds from repurchase agreements     19,055       14,028  
    Repayments of repurchase agreements     (11,808 )     (30,100 )
    (Repayment of) proceeds from mortgage payable     (79 )     331  
    Dividends paid on Common Shares     (16,507 )     (21,933 )
    Dividends paid on Series A Preferred Stock     (4,304 )     (3,795 )
    Proceeds from issuance of common shares, net of expenses     2,050       20,450  
    Repurchase of Common Shares     (1,489 )     (226 )
    Proceeds from issuance of Series A Preferred Stock, net of expenses     5,706       2,563  
    Repayment of notes payable     (58,283 )     —  
    NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES     (87,451 )     39,522  
                 
    NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     5,468       (11,115 )
                 
    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD     12,598       23,713  
                 
    CASH AND CASH EQUIVALENTS – END OF PERIOD   $ 18,066     $ 12,598  

    The MIL Network –

  • MIL-OSI: Crédit Agricole Ille-et-Vilaine : Communiqué de mise à disposition du rapport financier 2024

    Source: GlobeNewswire (MIL-OSI)

     

    Caisse régionale de Crédit Agricole Mutuel d’Ille-et-Vilaine,
    société coopérative à capital variable, agréée en tant qu’établissement de crédit,
    société de courtage d’assurance immatriculée auprès de l’ORIAS sous le n°07 023 057.
    Siège social : 4, rue Louis Braille – 35136 Saint-Jacques de la Lande.
    N° SIREN : 775.590.847

    Communiqué de mise à disposition du rapport financier annuel 2024 de la Caisse régionale du Crédit Agricole d’Ille-et-Vilaine

    Le Crédit Agricole d’Ille-et-Vilaine informe le public que son rapport financier annuel a été déposé auprès de l’AMF et est disponible sur le site internet de la Société.

    Il peut être consulté sur le site Internet du Crédit Agricole d’Ille-et-Vilaine : www.ca-illeetvilaine.fr, dans l’espace « Informations règlementaires et financières » / Rapports annuels et semestriels.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Mayor to invest more than £10m to boost creative industries and add more than £2.5bn to London’s economy

    Source: Mayor of London

    • Sadiq commits more than £10m funding into London’s creative economy over the next four years
    • The funding for the British Fashion Council, Film London, Games London and the London Design Festival, is expected to add more than £2.5bn to the economy
    • The creative industries play a key part in the capital’s economy and supporting them is at the heart of the Mayor’s London Growth Plan to increase prosperity

     

    The Mayor of London, Sadiq Khan has today announced plans to invest more than £10m into the capital’s creative and cultural industries over the next four years, helping to generate more than £2.5bn for the capital’s economy.

    The British Fashion Council, Film London, Games London and the London Design Festival will receive the funding as part of the Mayor’s plans to boost growth, this follows the announcement of his London Growth Plan last month.

    The funding will help the organisations to support creative businesses and boost jobs, deliver annual trade shows, festival and events including the London Games Festival, London Fashion Week, London Film Festival and London Design Festival. This hugely successful work helps to maintain London’s global reputation as a world leader in the creative industries, generate business and provide new opportunities for young people across film, television, animation, visual effects, games, fashion and design.

    It is expected to leverage more than £2.5bn in film investment in the capital, up to £60m in fashion sales, up to £17m in games investment, and up to £15m in sales and exports for up to 800 design businesses. It will support more people into work, improve access for Londoners to skills and training, and attract world-class talent to the capital by creating up to 42,000 film and TV crew employment opportunities, 150 games jobs and 300 training and employment opportunities. Previous funding for the British Fashion Council, Film London and the London Design Festival has helped to secure over £7.5.bn in sales, trade and investment since 2016.  

    London’s creative industries bring £51.7bn to the economy each year and account for one in five jobs. The industries grew faster than the UK economy between 2010-2023, but face a number of challenges following the impact of Brexit and the pandemic. The Mayor is committed to supporting the capital’s creative industries and is a key part of his London Growth Plan, which will kickstart the capital’s productivity and make London’s economy £107bn larger by 2035.

    The Mayor of London, Sadiq Khan, said:  “I want London to grow and thrive over the next decade and our creative industries have a central role to play. They help make London the greatest city in the world and are vital to London’s success and future as well as the whole of the country. That’s why, as part of the London Growth plan, I’m investing in fashion, design, film and gaming to keep our capital at the forefront of these industries and drive growth, as we build a better London for everyone.”

    Justine Simons OBE, Deputy Mayor for Culture and the Creative Industries, said: “Culture and creativity are our DNA in London and key to our success as a global city. It’s vital for industry and Government to work together to help us keep our position on the world stage, and this investment shows our ongoing commitment to fostering creativity and innovation within the capital. London’s flagship cultural events not only draw considerable global interest, they also play a crucial role in generating employment, nurturing creatives’ careers and boosting tourism.”

    Caroline Rush CBE, Chief Executive, British Fashion Council, said: “Investing in London’s creative industries is essential and enables us to bolster London Fashion Week, which delivers in commercial and cultural impact. This continued funding from the Mayor of London is critical in providing emerging designers with showcasing opportunities and access to market, enabling them to grow their businesses in an increasingly challenging environment. Investment like this not only bolsters individual careers but also reinforces the UK’s position as a global leader for fashion and creativity.”

    Adrian Wootton OBE, Chief Executive of Film London, said: “London is a global centre for film, TV, animation and games, generating billions of pounds and thousands of jobs. With its stage space, award-winning talent, infrastructure and new tax credits, London is on course for real, game-changing economic opportunities. This investment in Film London and Games London will help us to seize those opportunities, driving growth in the capital’s screen industries through innovation, nurturing talent and championing new generations of story-tellers and audiences in London. Our thanks go to the Mayor of London for this continued support and investment in the industry.”

    Michael French, Head of Games London & Festival Director, London Games Festival, said: “London’s potent and vibrant creative energy has built world-leading creative industries of which games and interactive are an important element. Funding from the Mayor of London has so far enabled Games London and the London Games Festival to support the city to become the games capital of Europe, and it is still growing. This renewed investment will support programmes that continue to drive investment back into businesses across London, create well-paid skilled full time jobs, uplift the games sector and create growth opportunities for the capital and beyond.”

    Ben Evans CBE, Director of London Design Festival, and Executive Director of London Design Biennale: “To sustain and grow London’s position as a global design city we must invest in showcasing. It is why the ongoing support of the London Design Festival by the Mayor is so critical. Now over 200 international cities have design promotion activities increasing competitiveness for London and the UK. Our now mature design and creative sector needs to fuel growth through international investment as well as stimulating domestic demand. Awareness of the breadth of opportunity and the depth of talent based in London must be strong for the design industry to thrive.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Launch of the Global Compact on Nutrition Integration: Baroness Chapman’s speech

    Source: United Kingdom – Executive Government & Departments

    Speech

    Launch of the Global Compact on Nutrition Integration: Baroness Chapman’s speech

    Baroness Chapman gave a speech at the launch of a new Global Compact on Nutrition Integration on the eve of the Nutrition for Growth Summit in Paris.

    Welcome everyone. Thank you to our co-hosts – the Government of Nigeria, the International Fund for Agricultural Development, the World Bank, and the Children’s Investment Fund Foundation, and thank you to the Government of France for bringing us together.

    It is great to see such a diverse group of people gathered here – from Gavi and the Green Climate Fund, to private sector investors, philanthropy, and civil society networks, to countries deeply affected by malnutrition, including members of the Scaling Up Nutrition Movement.

    I know that for some of you this is your life’s work. And as the UK’s Minister for International Development, and for Latin America and Caribbean, it is a pleasure to welcome you all on the eve of the fourth Nutrition for Growth Summit, and to share a few reflections before we hear from you.

    Thanks in no small part to many of you – the work we have done together over many decades has shown that we can make a difference. Lives changed and lives saved.

    This agenda can serve as an example of how coming together, being more than the sum of our parts, can help us maximise our impact.

    Now, before going into more detail about our collective work on nutrition, I want to address something head on. I know many of you will have seen our announcement about our ODA budget in recent weeks –  as the UK responds to the world as it is now – less stable, more insecure.

    It was a decision we neither relish, nor take lightly. But I hope my presence here, the work of our dedicated experts, and our continued efforts on this important agenda, demonstrates the UK will never turn its back on the world – or on international development. Far from it.

    How we work has to change, but I promise, what we all care about is not. The task for all of us now is to make sure we secure the reforms we need to meet the challenges and opportunities of our times.

    That includes making the case for development anew. And thinking afresh about the kind of genuine, respectful, modern partnerships we pursue, and the commitment, energy and expertise we bring to forums like this – not just how much public money we have to spend.

    And as we work through the difficult choices before us now, my focus is on making sure this new reality gives even greater impetus to modernising the UK’s approach to international development. That is already underway. And it is how we maximise the impact of every pound of public money we are able to put in – and our collective impact.

    So let me talk about our impact.

    Over a decade after the world came together in the UK for the first of these important summits, the UK has helped to improve the nutrition of over 50 million women and children – from Nigeria, to Pakistan, Bangladesh, and beyond.

    That spans everything from getting micronutrient supplements, specialist support, and therapeutic foods to treat malnutrition in women and children, to helping farmers grow more nutritious foods like vegetables and legumes, to improve the diets of their families and communities.

    I talked a moment ago about the importance of working in partnership – we need to learn from our successes. Partnerships like the Child Nutrition Fund. Alongside UNICEF, the Children’s Investment Fund Foundation, and the Gates Foundation, we are aiming to prevent, detect, and treat malnutrition for 70 million women and 230 million children in 23 countries, from Afghanistan, to DRC, Malawi, Madagascar, Somalia, and South Sudan.

    At the end of last year, a new partnership with the World Food Programme, World Health Organisation, and UNICEF got underway – focused on preventing the most horrible and deadliest form of malnutrition, child wasting.

    It’s a dreadful and shameful phrase to even say – and we must keep our minds on that, as we stand here together in these wonderful surroundings, to reaffirm all our commitments and initiatives.

    Commitments like those we made at the last summit in Tokyo 4 years ago, on integrating nutrition across everything we do, from climate to health – such as developing nutritious crops that help us address a lack of key nutrients. So that the 2 billion people who don’t get the nutrition they need can have a healthier life.

    It means working with Gavi, the Government of Ethiopia, and the Children’s Investment Fund Foundation to reach vulnerable mothers and children with life-saving immunisation and nutrition.

    And, when it comes to nutrition, we all know what is at stake in every country in the world. Combating malnutrition is vital for a healthy population and healthy economies – malnutrition translates into a loss of 10% of GDP for countries most affected. It’s a good investment – every pound, euro or dollar we invest pays for itself 23 times over.

    We know how to make our work even more effective. Invest in science. Go for solutions supported by the evidence. Put nutrition at the heart of everything we do – from health, to water, hygiene, and sanitation, food systems, social protection, and our wider resilience.

    So, this evening, it’s fantastic we have all come together to launch the Global Compact on Nutrition Integration.

    Tomorrow, we convene a new coalition of signatories. And I am looking forward to hearing from some of you this evening, about your commitment to this vital cause.

    As we learn from each other, challenge each other, push each other to do more, and keep going – not just at summits like this where we all get together. That is how we maximise the impact we can achieve.

    So, thank you all once again for being here.

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Australia: Arrests – Pursuit – Northern Suburbs

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested a 25-year-old male in relation to domestic violence offences in Darwin.

    This morning, police received intelligence that a male with an arrest warrant was within Bagot Community. It is alleged the male had been actively evading police.

    Around 7:30am, Strike Force Trident and Dog Operations Unit (DOU) established a cordon around the community and commenced a search for the alleged offender.

    A short time later, the offender and another male passenger were sighted in a vehicle driving erratically through the community and at some points on the footpath.

    A tyre deflation device was deployed, which the offending vehicle attempted to avoid by swerving at officers and colliding with the rear of a Trident vehicle.

    Multiple pursuits were commenced; however, they were terminated shortly after for safety reasons.

    At around 08:30am, DOU members sighted the vehicle stopped on Buchanan Terrace in Nakara before the offender and the passenger fled the scene on foot.

    Police deployed a taser which was ineffective, and the offender fled through a school oval on Nakara Terrace.

    Patrol Dog Boss was deployed, but the 25-year-old male scaled a 12-foot fence and fled. A second dog handler followed over the fence, caught up to the man, and he surrendered without further incident.

    The 30-year-old male passenger was also arrested and is assisting police with enquiries.

    The 25-year-old offender remains in police custody with additional charges expected to follow.

    Senior Sergeant Meacham King said, “I want to commend the work of all members involved in this arrest.

    “It’s fortunate our officers weren’t seriously injured when the Trident vehicle was struck.

    “The arrest is a testament to the strong collaboration between Strike Force Trident and Dog Operations Unit.

    “We remain committed to holding offenders to account and bringing them before the courts.”

    MIL OSI News –

  • MIL-OSI: Air India Express and Willis Lease Finance Corporation Ink Engine Sale & Leasebacks with ConstantThrust®

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., March 27, 2025 (GLOBE NEWSWIRE) — Air India Express (“AIX”), a wholly owned subsidiary of Air India, has signed definitive engine sale and leaseback agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) for 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft. The engines will be covered under WLFC’s ConstantThrust® program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program is in addition to the ConstantThrust® program signed by WLFC and Air India in 2022, covering 34 CFM56-5B engines installed on Air India’s Airbus A320 family fleet. Both programs will be managed in part by WLFC’s team located in GIFT City, India.

    WLFC’s ConstantThrust® program helps airlines manage the risk and cost of engine overhauls by providing serviceable engines from its portfolio in place of engines that need to be removed for maintenance. This streamlined process reduces engine downtime, eliminates maintenance unpredictability, and lowers engine change costs, enabling airlines to focus on their core operations without disruption.

    “WLFC’s ConstantThrust® program has been successful so far for Air India and we are pleased to expand our partnership with WLFC in support of the Air India Express fleet,” said Aloke Singh, Chief Executive Officer of Air India. “This agreement allows us to eliminate the uncertainties associated with engine maintenance and mitigate unpredictable costs. WLFC’s ConstantThrust® program will help us improve fleet reliability, reduce cost and optimize cash flows.”

    “We believe Air India Express’ decision to select ConstantThrust® evidences that Air India is realizing value from our ConstantThrust® program and also validates our team’s performance on that program, ” said Brian R. Hole, President of Willis Lease Finance Corporation. “This is a great opportunity for us to continue supporting the growth of the Indian aviation industry, in general, and the Air India family of airlines, specifically.”

    “We greatly value our long-standing relationship with Air India and are excited to continue providing innovative, programmatic solutions that deliver enhanced flexibility and cost efficiency for Air India Express and our global customers,” said Austin C. Willis, Chief Executive Officer of WLFC.

    Willis Lease Finance Corporation
    Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing  and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

    NEWS RELEASE CONTACT:  Lynn Mailliard Kohler
         Director, Global Corporate Communications
       (415) 328-4798

    The MIL Network –

  • MIL-Evening Report: Dutton unveils plan to force more gas into Australian market and expand production in major pre-election pitch

    Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney

    Opposition Leader Peter Dutton says a Coalition government would introduce a long-awaited gas reservation scheme, in a budget reply speech that puts energy policy firmly at the centre of the upcoming election campaign.

    On Thursday night, Dutton pledged a national gas plan that he claimed would “prioritise domestic gas supply, address shortfalls and reduce energy prices for Australians”.

    Under the proposed reservation policy, gas companies would be required to divert more gas to the Australian market, rather than sell it overseas. Dutton also pledged measures to speed up development approvals for proposed gas projects.

    A gas reservation scheme could help to ease supply concerns in Australia. Labor is expected to announce its own plan to reserve more gas for domestic use.

    Gas reservation policy may ruffle the feathers of gas importers such as Japan. But it offers a chance to reset relations with our energy-trading partners, and position Australia as a renewable-energy powerhouse.

    However, Dutton’s plan to expand gas production is a folly. No new gas projects are needed to meet Australia’s energy needs. The best way to cut energy prices is to accelerate the shift to the cheapest form of energy – which is from wind, solar and storage.

    Gas reservation: a long time coming

    Australia is one of the world’s biggest gas exporters. But only a fraction of gas produced here is used to power our homes and businesses. Around 80% is exported or is used to liquefy gas so it can be shipped abroad.

    This means despite massive production, parts of Australia face potential gas shortages. The Australian Energy Market Operator has warned of a seasonal supply crunch in the nation’s south from 2028, as production in Bass Strait declines. Reserving gas for the domestic market instead of exporting it could close these potential gaps.

    The idea of reserving gas for use in Australia is broadly popular. It is supported by Australia’s manufacturing industry, and crossbenchers including David Pocock and Jacqui Lambie.

    Western Australia has had a gas reservation policy for more than a decade. However, federal policymakers have, to date, not followed suit.

    This is likely in part due to opposition from the gas industry, which has traditionally opposed the move, arguing it would discourage investment and create uncertainty.

    There have also been concerns the policy could harm Australia’s relations with strategic partners – especially Japan.

    Spotlight on Japan

    Australia supplied 43% of Japan’s liquefied natural gas (LNG) in 2022. Japan has previously expressed concern about federal government moves towards diverting Australia’s gas supplies for domestic use, saying it could threaten long-established trade practices and future Japanese investment.

    However, contrary to Japan’s claims, Australian gas is not needed to keep the lights on. Gas use in Japan is falling. Today, Japan on-sells more gas to other nations than it imports from Australia.

    Importantly, gas contributes to dangerous climate change – both when it leaks into the atmosphere as methane, and when it is burned, releasing carbon dioxide and other pollutants.

    Around a quarter of Australia’s greenhouse gas emissions come from the production and use of gas. Australian gas burned overseas is also responsible for substantial carbon emissions in other countries .

    Tokyo’s finance for gas projects in Australia is slowing the shift away from fossil fuels and diverting investment, workforce, and supply-chain capacity away from clean energy industries.

    Diverting Australian gas to meet local needs would help reset trading relations in our region. Australia’s economic prospects are tied to embracing our potential as a clean energy superpower. This requires signalling to our trading partners our intention to shift away from gas extraction for export.

    Japan does not need Australia’s gas to keep the lights on.
    Luciano Mortula – LGM/Shutterstock

    No new gas is needed

    In his budget reply, Dutton pledged to audit development-ready gas projects with a focus on the southern states and, as previously announced, fast-track a decision on Western Australia’s Northwest Shelf gas project.

    A Coalition government, if elected, would also:

    • invest A$1 billion into a critical gas infrastructure fund
    • increase gas pipeline and storage capacity
    • prevent gas companies from prolonged delays in drilling offshore gas fields.

    However, Australia does not need any new gas projects. We only use a fraction of what we produce.

    What’s more, evidence suggests more gas production will not bring prices down. East coast gas production has doubled over the past decade even as gas prices have tripled.

    Keeping more gas onshore may help with energy prices. But the best way to reduce power bills is to shift to the cheapest form of electricity generation – which is renewables, not gas.

    Australia’s gas use is declining as we move to cleaner, cheaper and more efficient types of energy for homes and businesses.

    On the east coast, gas consumption has declined by 25% in the past decade. Just last week the Australian Energy Market Operator found gas demand is falling faster than anticipated.

    Reducing gas use even faster would avoid potential seasonal shortages.

    Gas has a small, short-term role as Australia switches to renewables, smoothing out electricity supplies when demand exceeds generation from wind, solar and energy storage.

    But the gas won’t be used very often. And a looming surge in batteries to store renewable energy is also likely to displace gas generation at peak times.

    Research suggests production from Australia’s existing projects through to 2035 could meet our remaining gas needs for 60 years.

    A domestic reservation policy could ensure this gas is used to avoid potential supply gaps.

    Our shared clean energy future

    With a national gas reservation scheme on the table no matter who wins the election, Australia will have some tough conversations ahead with international customers – especially Japan.

    However both Australia and Japan have committed to cut emissions over the next decade and achieve net-zero emissions in their economies by 2050.

    Gas will play an ever-dwindling role in both countries in coming years, as it is replaced by cleaner forms of energy from wind, solar and storage.

    Government efforts to manage the energy transition should not encourage new gas projects. Instead, it should position Australia at the forefront of the clean energy revolution.

    Wesley Morgan is a fellow with the Climate Council of Australia.

    – ref. Dutton unveils plan to force more gas into Australian market and expand production in major pre-election pitch – https://theconversation.com/dutton-unveils-plan-to-force-more-gas-into-australian-market-and-expand-production-in-major-pre-election-pitch-253228

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Global: ​A ‘Google maps for the sea’, sails ​and alternative fuels: ​the technologies steering shipping towards ​lower emissions – podcast

    Source: The Conversation – UK – By Gemma Ware, Host, The Conversation Weekly Podcast, The Conversation

    petrugusa94/Shutterstock

     Ships transport around 80% of the world’s cargo. From your food, to your car to your phone, chances are it got to you by sea. The vast majority of the world’s container ships burn fossil fuels, which is why 3% of global emissions come from shipping – slightly more than the 2.5% of emissions from aviation.

    The race is on to reduce these emissions, and quickly, to meet the Paris agreement targets. In this episode of The Conversation Weekly podcast, we find out what technologies are available to shipping companies to reduce their carbon emissions – from sails, to alternative fuels or simply taking a better route.

    “ We live in a world of information. The biggest challenge is knowing how to use it,” says Daniel Precioso, a data scientist at IE University in Madrid, Spain. He’s part of a team of researchers that developed a platform called Green Navigation, what he calls a “Google maps for the sea”. Pulling together publicly available data on wind, waves and ocean currents, it can suggest new routes to ship captains to optimise their journey from A to B and reduce carbon emissions.

    Precioso presented the project in November 2024 in Dubai at the Prototypes for Humanity exhibition organised by Dubai Future Solutions as a showcase for young researchers designing solutions for global challenges.

    Pressure mounting

    Route optimisation software like Green Navigation is seen as a transition between the status quo and a future where ships will move to using alternative, greener fuels.

     The UN’s International Maritime Organization (IMO) has a target for zero emissions from shipping by 2050 and a strive target of 30% reductions by 2030 relative to 2008 levels.

    In early April, IMO member states will meet to discuss a proposal to introduce a flat rate tax on carbon emitted by commercial shipping. If adopted, shipping companies would have to pay a levy, the price of which is still being worked out, for every tonne of carbon dioxide they emit. The money would sit in a fund run by the IMO, which would be used to help developing countries reduce maritime emissions.

    The proposal is supported by 47 countries, and it’s being pushed particularly by island nations most at risk from climate change, and flag states, those countries such as the Bahamas, Liberia and the Marshall Islands, where a lot of international ships are registered.

    What’s the alternative?

    If the flat tax is adopted it would add an extra financial incentive for ships to reduce their emissions and potentially move to greener alternative fuels. But Alice Larkin, professor of climate science and energy policy at the University of Manchester in the UK, says unfortunately it’s not currently cost efficient to switch away from fossil fuels.

     The challenge is that when you’re moving away from something which was naturally the cheapest, easiest fuel to come by and to burn, then inevitably if all you’re doing is literally swapping the fuel for a different fuel that is much cleaner, then that is going to be more expensive, at least in the short term.

    A number of alternative fuels are being explored, such as green hydrogen, biodiesel, biomethane and green ammonia. But Larkin says no alternative fuel is currently emerging as a frontrunner, making it difficult for shipping companies to know what to invest in and creating inertia in the transition to greener fuels.

    She stresses the need to reduce emissions in the shorter term to help keep the world below 1.5 degrees of warming. Options include strategies like route optimisation, sail, or wind-assist technologies, or for ships to travel at a slower speed. Larkin and her colleagues modelled the potential impact from these technologies and found combinations of these technologies could reduce a ship’s emissions by up to a third.

    Listen to the full episode of The Conversation Weekly to hear conversations with Daniel Precisio and Alice Larkin.

    This episode of The Conversation Weekly was written and produced by Gemma Ware and Mend Mariwany. Sound design was by Eloise Stevens and theme music by Neeta Sarl.

    Listen to The Conversation Weekly via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here.

    Daniel Precioso Garcelán own shares of Canonical Green, the company who develops Green Navigation. The company received funding from the city of Valencia, Spain for development and marketing. Alice Larkin has received research funding from EPSRC, INNOVATE UK funding, International Chamber of Shipping Funding and University of Manchester Alumni Funding. She is a fellow of the Institute of Physics and of the Institution of Mechanical Engineers.

    – ref. ​A ‘Google maps for the sea’, sails ​and alternative fuels: ​the technologies steering shipping towards ​lower emissions – podcast – https://theconversation.com/a-google-maps-for-the-sea-sails-and-alternative-fuels-the-technologies-steering-shipping-towards-lower-emissions-podcast-253088

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: It is time for Russia to agree the US proposal of an immediate and unconditional ceasefire: UK statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    Speech

    It is time for Russia to agree the US proposal of an immediate and unconditional ceasefire: UK statement to the OSCE

    Ambassador Holland commends Ukraine’s agreement to an immediate and unconditional ceasefire and urges Russia to show that it is serious about peace by agreeing to one without further delay.

    Thank you, Mister Chair.  We all want to see an end to the fighting and an enduring peace in Ukraine.  We thank the United States for their efforts to deliver this, including during talks this week in Riyadh.

    Under President Zelenskyy’s leadership, Ukraine has shown that it is the party of peace.  They have proposed a full, immediate and unconditional ceasefire.  The only condition that Ukraine attached to this was that Russia should agree to it too.  To date, Russia has not done so.  We hope that President Putin will agree to this without further delay.

    The ball remains in Russia’s court to demonstrate that the words we have heard about Russia wanting peace are sincere.

    It can do so by removing conditions designed to hamper and delay US-led efforts to end the fighting.  It can do so by ceasing the attacks which continue to kill and injure innocent civilians at a pace which has not changed despite the altered context.  And it can do so by showing that it is able to honour, in good faith, past agreements it has signed, starting with the Geneva Conventions, which include rules on the targeting of healthcare and minimising civilian casualties.  The Russian State has shown little regard for these laws since it launched its full-scale invasion, an attitude that continues to this day.

    We will not lose sight of the fact that this remains an illegal and unprovoked war against an independent, sovereign nation. It is a violation of the UN Charter and the Helsinki Final Act.  And the longer it takes President Putin to agree to end the fighting, the more innocent lives will be lost.

    Mister Chair, I would also like to say a few words about the Special Monitoring Mission (SMM) in Ukraine.  As you know, the SMM was in place between 2014 and 2022.  The men and women of the SMM performed their functions with integrity and professionalism.  They did so despite a risk to their safety, a risk underlined by the tragic deaths of two of its members and the arbitrary arrest and continued detention by Russia of three of its staff: Vadym Golda, Maxim Petrov and Dmytro Shabanov.

    The SMM’s task – to provide independent and objective reporting on the security situation in Ukraine – was made impossible by Russia and its proxies restricting its movements and mandate. Blaming the OSCE for these flaws is disinformation and distraction. This organisation and its staff deserve better.  Thank you, Mister Chair.

    Updates to this page

    Published 27 March 2025

    Invasion of Ukraine

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: £740 million allocated for 10,000 new places for pupils with SEND

    Source: United Kingdom – Executive Government & Departments

    Press release

    £740 million allocated for 10,000 new places for pupils with SEND

    New SEND places to create more inclusive classrooms in mainstream schools, delivering on Plan for Change to break down barriers to opportunity.

    More children and young people will be supported to achieve and thrive in their local school, as the government today announces that 10,000 new school places will be funded for children with SEND, delivering on Plan for Change.  

    £740 million is being invested by the government to deliver adaptations, expand specialist units in mainstream as well as create new places in special schools – enabling more children to succeed at a school close to their homes and families.  

    Fewer than one in 10 mainstream schools have SEN units or resourced provision – specialist facilities which provide more intensive support for pupils with SEND.  

    Between 2010 to 2024, the number of children with EHCPs or their previous equivalent being educated in independent special schools increased from 7,000 to 26,000 – while the latest data released today shows an escalating gap of 8,000 places in state special schools. 

    The funding can be used to ensure an inclusive environment in which all pupils can be supported, for example by creating breakout spaces where children can go to self-regulate or investing in assistive technology.  

    This comes alongside a significant £1 billion investment to fund 44,500 places in mainstream schools needed by 2028, helping meet current and future demand across the country. 

    Bridget Phillipson, Education Secretary, said:

    As part of our Plan for Change, we want every family to have access to a good local school for their child, breaking the link between children’s background and their opportunities in life. 

    This investment is a big step towards delivering not only enough school places, but the right school places, supporting all children and particularly those with SEND, and plugging the significant gaps in provision we inherited. 

    This investment will give children with SEND the support they need to thrive, marking the start of a turning point for families who have been fighting to improve their children’s outcomes.

    Barking and Dagenham London Borough Council had a shortage of specialist classrooms in local mainstream schools for pupils with SEND, forcing them to attend schools far from home for the right support. 

    After a 10-year expansion strategy, almost half of all schools in the area have resourced provision which has improved outcomes for young people and kept them educated locally with their peers and in their communities.  

    Recent analysis suggests that at least 15,000 more children and young people could have their needs met in such specialist provision in mainstream schools in an improved SEND system. 

    Marie Ziane, Headteacher at Becontree Primary School, Dagenham, said:

    At Becontree Primary School, all of our work stems from a shared belief and understanding that all children have learning, well-being and safeguarding needs.

    Capital funding, alongside support from the Local Authority, has been an essential part of realising our school’s vision for truly inclusive practice.

    The modification and creative use of existing spaces has had a significant impact on the learning, engagement and integration of children with Autism who attend our Additional Resource Provision, as well as having a huge impact on the learning and understanding of all members of our school community.

    The announcement comes as new data shows the urgent need to reform the SEND system, to save families from a gap in support potentially stretching to tens of thousands of places.  

    Sarah Clarke and Jo Harrison, Directors and Co-Chairs for the National Network of Parent Carer Forums C.I.C, said:

    The NNPCF welcomes the government’s commitment of £740 million in capital funding for the 2025–26 financial year to support the creation of school places for children and young people with SEND.

    For too long, families have faced limited options and long waits for appropriate support. Creating more inclusive environments—where children and young people with special educational needs can thrive alongside their peers—is a positive step forward.

    We look forward to continued collaboration with the Department for Education to ensure that parent carers’ voices remain central to the development and implementation of these plans. We also hope that local authorities will work closely with their local Parent Carer Forums to ensure the lived experience and voices of parent carers are at the heart of local delivery.

    The reform to the SEND system will look to ensure that children’s needs are identified and met earlier; and that early years and staff in mainstream settings across the country are equipped and supported to be inclusive of all children.

    School-based early education – which the government is championing through its commitment to create thousands of new school-based nurseries – tends to have a higher proportion of children with special educational needs than other settings.

    And in line with new guidance published today, over the coming years local authorities can use their capital funding for children with SEND to create places in local, mainstream schools – putting an end to the desperate battle to find a place that meets families’ needs. 

    Iveson Primary School in Leeds, Yorkshire, has integrated a resourced provision, which helps pupils with SEND to build skills in a supportive and flexible environment – developing their confidence and fostering inclusion with the wider school, so all children can flourish.  

    Hayley Marshall, Headteacher at Iveson Primary School, said: 

    Opening The Aviary, a resourced provision, at Iveson Primary has had a significant positive impact for the whole school community, enabling us to provide specialist facilities with a high-quality, adapted curriculum for pupils with SEND, alongside our mainstream provision. This fosters integration and inclusion and supports children to thrive and feel confident in school alongside their peers. 

    Adapted to suit individual pupils’ needs and interests, provision in The Aviary includes life skills and social skills and enables children to access mainstream classes while also receiving specialist support. Parents welcome the flexibility of the provision and the positive impact this has had on their children’s social, emotional and academic progress.

    Raising school standards is at the heart of the government’s mission to improve children’s life chances, and making sure pupils and staff have access to high-quality and sustainable buildings are a key part of that.  

    The 54,500 new places will help deliver on the government’s Plan for Change commitment to make sure every family has access to a good local school place for their child no matter their ability, background or where they live. 

    The department has also announced today the details of a £2.1 billion investment for the 2025-26 financial year to improve the condition of the school and sixth-form college estate in England – almost £300 million more than 2024-25.  The funding will ensure schools can continue to invest in essential maintenance projects such as replacing roofs, windows and heating systems. 

    Amanda Allard, Director at the Council for Disabled Children, National Children’s Bureau, said:

    We welcome the announcement on how this investment can be used and the focus on Local Authorities supporting schools to ensure that disabled children and young people, and those with special educational needs, can have their needs met in inclusive local schools.

    We know from our work with local areas, and through the What Works in SEND programme, that there is some very effective practice across the country, and we encourage local areas to share and learn from this as they develop inclusive provision which enables children and young people to learn, develop friendships and be part of their community.

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Investing in California’s creative economy: Governor Newsom welcomes Vogue World event to Hollywood

    Source: US State of California 2

    Mar 26, 2025

    Highlights California’s economic investments in creative economy, LA’s recovery

    What you need to know: Governor Newsom today joined Anna Wintour to welcome the Vogue World event to Hollywood, promoting the state’s proposal to more than double California’s Film and Television Tax Credit Program. 

    HOLLYWOOD – Governor Newsom today joined Vogue for the announcement of this year’s Vogue World event, which will be hosted in Hollywood this October. At Vogue’s press event, Governor Newsom joined Anna Wintour, Vogue Editor-in-Chief and Global Chief Content Editor of Conde Nast, to promote the upcoming event, highlighting the state’s world-leading creative economy – which creates 220,000 jobs – and the Governor’s proposal to more than double the California Film and Television Tax Credit Program.

    “California is the entertainment capital of the world – and we’re committed to ensuring we stay that way. Fashion and film go hand in hand, helping to express characters, capture eras in time, and reflect cultural movements. We’re honored to welcome Vogue World Hollywood to the Golden State to help us spotlight California’s creative economy and the thousands of talented workers and businesses who support it.”

    Governor Gavin Newsom

    “Vogue World: Hollywood will be a one-night-only show with a huge cast of models and actors, dancers, musicians and surprises, and it will set great film costumes next to brilliant fashion collections… By mixing fashion with the arts and culture in the center of a city, and by raising funds for a cause, Vogue World has become a runway show-as-rallying cry, a way to fix the attention of a huge global audience, to bring awareness, and sound an unmistakable note of positivity, creativity, and hope.”

    Anna Wintour

    Lights, cameras, jobs! 

    Since its inception in 2009, California’s Film & Television Tax Credit Program has generated over $26 billion in economic activity and supported more than 197,000 cast and crew jobs across the state, strengthening the vital link between California’s communities and the iconic film and TV industry. A study of the program found that, for every tax credit dollar approved, it generated at least $24.40 in output, $16.14 in GDP, $8.60 in wages, and $1.07 in initial state and local tax revenue from production in the state. 

    However, the program has been oversubscribed year after year, with more productions applying than can be accommodated under the current cap. Between 2020 and 2024, data shows California lost production spending due to limited tax credit funding and increased competition in other states and countries, directly impacting state jobs and local economies​​.

    In recent years, projects that were unable to secure California’s tax credits and moved to other locations as a result contributed to significant economic losses, with California losing 71% of production spending by these rejected projects subsequently filming out-of-state.

    The Governor’s proposal to expand California’s Film & Television Tax Credit Program to $750 million annually, a massive increase from the current $330 million annual allocation, would position California as one of the top states for capped film incentive programs.

    California is a creative economy powerhouse

    As one of the strategic sectors outlined in the recently launched California Jobs First Economic Blueprint, the creative economy has deep roots in California’s history and continues to be an engine for innovation, cultural expression, and economic growth.

    • In 2023, California was home to 220,000 creative economy jobs, one in every four creative economy jobs in the U.S.
    • The average salary paid to creative workers in 2023 was $160,000, more than 50% higher than the California average.

    And while the Los Angeles region leads the way in jobs generated by the creative economy, three other regions – Redwood, the Bay Area, and the Southern Border – also identified film, TV, and the arts as a regional strategic sector.

    Recent news

    Mar 26, 2025

    News What you need to know: Financial assistance for Los Angeles fire recovery has now surpassed $2 billion, survivors may apply until March 31st, 2025. LOS ANGELES – Building upon California’s ongoing support for disaster survivors and small businesses, Governor…

    Mar 25, 2025

    News SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of King City Police Department Sergeant Ryan Kenedy: “Jennifer and I mourn alongside the King City community over the sudden passing of Sergeant Kenedy. Our hearts are with his…

    Mar 25, 2025

    News What you need to know: Since Governor Newsom launched the joint San Bernardino operation in October 2024, the efforts have led to 858 arrests and 66 recovered stolen vehicles. Los Angeles, California – Governor Gavin Newsom today announced the ongoing joint law…

    MIL OSI USA News –

  • MIL-OSI USA: Assistance continues to flow to families and businesses as federal aid for LA fires tops $2 billion

    Source: US State of California 2

    Mar 26, 2025

    What you need to know: Financial assistance for Los Angeles fire recovery has now surpassed $2 billion, survivors may apply until March 31st, 2025.

    LOS ANGELES – Building upon California’s ongoing support for disaster survivors and small businesses, Governor Gavin Newsom today announced that aid from the U.S. Small Business Administration (SBA) and Federal Emergency Management Agency (FEMA) has now exceeded $2 billion.

    “This federal disaster aid brings much-needed relief for impacted homeowners, renters, businesses grappling with loss and damage. California is grateful to President Trump and our federal partners for making this recovery a priority.”

    Governor Gavin Newsom

    This financial assistance serves as a vital lifeline for impacted communities and has been rapidly distributed in just over two months since the Los Angeles County wildfires were declared a major disaster by then President Joseph R. Biden.

    Through that disaster declaration, SBA makes low-interest federal disaster loans available to impacted residents and businesses in the impacted regions. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent, or minimize future disaster damage. 

    Disaster assistance by the numbers:

    Federal assistance to eligible homeowners, renters, and businesses, in the form of FEMA grants and low-interest SBA Disaster Loans, has topped $2 billion. That includes: 

    • $200 million in FEMA assistance.

    • $2 billion in home and business loan offers from the SBA, the largest source of federal disaster recovery funds for homeowners, renters, businesses, and certain nonprofits. 

    To date more than 31,636 households have been approved for FEMA funds, including:

    • $24,631,795 in housing assistance for short-term rental assistance and home repair costs.

    • $76,690,832 in other essential disaster-related needs, such as expenses related to medical, dental, and lost personal possessions.

    • $101,322,628 in individual housing program support.

    • 30,563 visits at the two Disaster Recovery Centers that remain open at UCLA Research Park and Altadena Recovery Center.

    The deadline to apply for both FEMA and SBA disaster assistance is March 31, 2025.

    How to apply for FEMA Individual Assistance

    • Online at DisasterAssistance.gov.

    • On the FEMA App.

    • By calling the FEMA Helpline at 800-621-3362. If you use a relay service, give FEMA your number for that service. Assistance is available in multiple languages. Lines are open Sunday–Saturday, from 4 a.m.- 10 p.m. Pacific Time.

    • At a Disaster Recovery Center (DRC). To locate a DRC near you, visit the DRC Locator.

    For an American Sign Language video on how to apply, visit FEMA Accessible: Three Ways to Register for FEMA Disaster Assistance

    Apply for SBA Low-Interest Disaster Loans

    • Online at sba.gov/disaster.

    • By calling SBA’s Customer Service Center hotline at 800-659-2955. People who are deaf, hard of hearing or have a speech disability may dial 711 to access relay services.

    • By emailing DisasterCustomerService@sba.gov.

    • At a Disaster Recovery Center or Business Recovery Center, where you can submit a completed application or SBA representatives can help you apply. To find a BRC near you, go to Appointment.sba.gov.

    • Applications for disaster loans may be submitted online using the MySBA Loan Portal at https://lending.sba.gov or other locally announced locations.

    The application period for both Small Business Administration aid and individual assistance remains open until March 31 and impacted residents are encouraged to apply today. 

    Press Releases, Recent News

    Recent news

    Mar 25, 2025

    News SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of King City Police Department Sergeant Ryan Kenedy: “Jennifer and I mourn alongside the King City community over the sudden passing of Sergeant Kenedy. Our hearts are with his…

    Mar 25, 2025

    News What you need to know: Since Governor Newsom launched the joint San Bernardino operation in October 2024, the efforts have led to 858 arrests and 66 recovered stolen vehicles. Los Angeles, California – Governor Gavin Newsom today announced the ongoing joint law…

    Mar 24, 2025

    News What you need to know: The Governor’s Wildfire and Forest Resilience Task Force released a list of 25 key deliverables to build on the state’s ongoing efforts to protect Californians from increasing threats posed by catastrophic wildfire and a changing climate….

    MIL OSI USA News –

  • MIL-OSI: WOO X warns of liquidity squeeze for early-stage tokens amid surge in volatility

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, St. Vincent and the Grenadines, March 27, 2025 (GLOBE NEWSWIRE) — Early-stage tokens are facing a liquidity squeeze as market volatility, driven by US fiscal shifts and global uncertainties, makes it harder for underfunded projects to compete with better-funded ones, according to WOO X Research, the research arm of centralized crypto trading firm WOO X. 

    To address these challenges, WOO X has launched Swap Spotlight, a new section under ‘Markets’ alongside Spot and Futures. This feature allows CEX users to easily trade early-stage tokens with real-time price quotes from market makers, offering instant execution without the common slippage in DEXes. These tokens are exclusive to Swap Spotlight within WOO X and are not tradable on spot or futures markets. As they gain traction, they may eventually transition into broader markets. 

    “Valuable early-stage projects struggle to gain traction due to the liquidity squeeze in today’s volatile market. For example, during the peak of TRUMP, when the token surged over 100x in just a few days, underfunded projects struggled to gain attention, leaving them unable to compete for visibility or liquidity in the market,” said Pat Zhang, Head of Research at WOO X.

    WOO X Swap Spotlight addresses this challenge by giving traders early access to high-potential tokens with guaranteed execution and no slippage. This ensures they don’t miss out on emerging onchain opportunities. At the same time, it provides these projects with increased exposure and early access to liquidity outside of the typical onchain markets.

    “What WOO X Swap Spotlight offers is early access to tokens and opportunities before their prices are fully discovered. Since it’s an RFQ (Request for Quote) model, the price is guaranteed—there’s no slippage, and users pay exactly what they see on the screen. To put it in perspective, this is similar to over-the-counter (OTC) trading, where buy or sell orders don’t impact the market price, unlike typical market buys and sells that can cause price fluctuations,” said Bryan Chu, Chief Strategy Officer at WOO X.

    WOO X Swap Spotlight curates a list of promising early-stage tokens, offering exclusive access to these assets. Unlike traditional CEXes where liquidity is often constrained, the tokens featured in Swap Spotlight are supported by real-time price quotes from market makers, allowing users to trade seamlessly. What sets Swap Spotlight apart is its highly curated selection, handpicked by the WOO X Research team, which provides expert insights into high-potential tokens.

    Swap Spotlight is an educational and informational initiative only and does not constitute an endorsement or guarantee of listing on WOO X, nor does it guarantee any financial return. Tokens are selected based on various factors, including community interest, traction, and market trends. Users should conduct their research and exercise caution when making investment decisions.

    Try Swap Spotlight on WOO X for a chance to WIN a share of $20,000!

    To learn more about WOO X, download our app or visit our WOO X

    Contact: media@woo.network

    About WOO X
    WOO X is a global centralized crypto futures and spot trading platform offering the best-in-class liquidity and price execution. WOO X has achieved a daily volume exceeding $1.6 billion and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company’s mission to maintain the trust of its growing community of traders.

    Disclaimer

    The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal advice, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

    Cryptocurrencies involve significant risk and may not be suitable for all investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

    We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies or staking. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    The MIL Network –

  • MIL-OSI: Axi Select Celebrates Its Youngest $1,000,000 Funded Trader as 21-Year-Old Trader Achieves Top Milestone

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, March 27, 2025 (GLOBE NEWSWIRE) — Following the announcement of Axi Select’s first two $1,000,000 funded traders, leading online FX and CFD broker Axi, has announced the program’s third Pro M trader: 21-year-old trader, Kayan Freitas. This is a remarkable milestone for the broker’s capital allocation program, redefining what’s possible when a program is designed to unlock and maximise traders’ full potential.

    This is not the first time that Kayan has made his mark in the program. In January, he reached the Pro 500 stage, securing $500K in funding. Reflecting on his trading journey with Axi Select at the time, Kayan commented: “With Axi, I’ve never had a problem with any consistency rules or just hidden things to make you lose. Nothing. You really give us the freedom to just trade however we want, and this is what I appreciate a lot.” One key factor behind his achievement in January was consistency, with Kayan emphasising that “It took me around nine months of consistent trading.”

    Greg Rubin, Head of Axi Select, also shares his excitement for the program’s latest success, noting, “As we’ve already said, trading is difficult, and whilst not everyone will reach the top, having a program designed to unlock and sharpen traders’ full potential makes all the difference. Our third Pro M trader, Kayan, is just 21 years old, with only 3-4 years of trading experience. His remarkable achievement highlights the power of combining talent with a trader-centric program, demonstrating that with the right tools and support, traders can truly maximise their profit potential.”

    Just a few weeks ago, Axi Select announced its first two $1M funded traders, Francisco Quesada Godines and Daniel Gutiérrez Viñas. Launched in 2023, the program offers traders the opportunity to access capital funding up to $1,000,000 USD and earn up to 90% of their profits. Moreover, Axi Select traders benefit from $0 membership fees*, trading on a live account, unrestrictive trading conditions, an exclusive trading room, and more.

    *Standard trading fees apply.

    The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service.

    For more information contact: mediaenquiries@axi.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/36bda280-468b-451e-935e-9fb68db7665c

    The MIL Network –

  • MIL-OSI NGOs: Egypt: More than 30,000 demand release of student Oqba Hashad after nearly six years of arbitrary detention

    Source: Amnesty International –

    The Egyptian authorities must immediately and unconditionally release Oqba Hashad, an Egyptian student who has been held in prolonged pre-trial detention for nearly six years solely as punishment for his brother’s human rights activism, Amnesty International said today. This demand is amplified by a significant surge in global support, evidenced by the nearly 33,000 petition signatures gathered by Amnesty International’s Write for Rights campaign demanding his freedom.

    Since his arbitrary arrest on 20 May  2019, the Egyptian authorities have subjected Oqba Hashad  to a catalogue of human rights violations, including enforced disappearance, torture and other ill-treatment including beatings, electric shocks, and denial of adequate healthcare. The authorities have failed to provide Oqba Hashad with a functional prosthetic leg – his right leg was amputated above the knee following a childhood accident. While the prison administration began procedures to provide him with a prosthetic leg in February 2025, over a year after his family’s request, he has yet to receive it.  They have also refused to grant him specialized medical care, including access to antiseptics and sterilization tools needed for his stump.

    “Oqba Hashad has been the victim of a cruel and blatant miscarriage of justice. He should never have been detained in the first place let alone been forced to spend nearly six years unjustly behind bars. It’s high time for the Egyptian authorities to heed the calls from tens of thousands of people worldwide demanding his release, by putting an end to his agonizing ordeal and releasing him immediately and unconditionally,” said Souleimene Benghazi, Amnesty International’s Egypt Campaigner.

    Oqba Hashad has been the victim of a cruel and blatant miscarriage of justice.

    Souleimene Benghazi, Amnesty International’s Egypt Campaigner

    The Egyptian authorities have continued to indefinitely detain Oqba Hashad without trial, beyond the two-year legal limit for pre-trial detention, through the abusive practice of “rotation”. On 20 February 2024, a judge ordered his release, but instead, security forces subjected him to enforced disappearance from 22 February to 2 March 2024, before he was detained in a new case on similar charges of joining and financing a terrorist group.

    “The fact that Oqba Hashad was charged with fresh bogus charges instead of being released after the pre-trial detention limit is outrageous. This blatant manipulation of the legal system highlights the authorities’ contempt for international law. It also underscores the urgent need for the international community to press the Egyptian authorities to end this grave injustice once and for all,” said Souleimene Benghazi.

    Oqba Hashad’s prolonged and inhumane detention have taken a significant toll on his physical and mental health. The lack of a prosthetic leg has led to severe back pain and significantly impedes his mobility. Relatives have reported to Amnesty International a dramatic decline in his mental well-being.

    Background:

    Oqba Hashad’s case featured in Amnesty International’s Write for Rights annual global campaign which aims to raise awareness and demand justice for individuals whose human rights are under threat. A petition calling for Oqba Hashad’s release has garnered nearly 33,000 signatures, demonstrating the widespread concern for his plight. 

    During his detention Oqba Hashad was interrogated multiple times about activities of his brother, Amr Hashad, a human rights activist who left Egypt in 2019. Security forces had arrested Amr Hashad in 2014 in connection with his activism with the student union at Assiut University. He was sentenced to three years in prison after being convicted of “joining a terrorist organization, attempting to overthrow the government and inciting protests.” Amr Hashad has continued to document human rights violations in Egypt while in exile.

    MIL OSI NGO –

  • MIL-OSI United Kingdom: Love Portsmouth pop-up shop at Gunwharf Quays extended until June 2025

    Source: City of Portsmouth

    The lease for the Love Portsmouth pop-up shop at Gunwharf Quays has been extended for an additional three months, allowing the shop to remain open until the end of June 2025. Originally planned to operate from January to March 2025, this Portsmouth City Council business support initiative, in partnership with Love Southsea and supported by Landsec, has become a resounding success, attracting enthusiastic shoppers, and benefiting local businesses.

    Since its opening, the shop has provided 28 Portsmouth-based businesses with an exceptional platform to showcase their products. It has also launched exclusive Portsmouth-inspired merchandise by Love Southsea, served as the official shop for Portsmouth Pride 2025 merchandise, and unlocked new supply opportunities for businesses like Tea Mountain.

    Councillor Steve Pitt, Leader of the council with responsibility for Economic Development said:

    “This pop-up shop has proven to be an incredible opportunity to showcase our local small businesses while strengthening our city’s economy. Extending this initiative allows us to build on its momentum and success.”

    Yvonne Clay, Centre Director at Gunwharf Quays: “We’re delighted that the Love Portsmouth pop-up store will be extending its stay at Gunwharf Quays.

    “The store’s success is testament to the talented small businesses that can be found across Portsmouth. By continuing to provide a platform to the Love Portsmouth team, we’re reinforcing our commitment to supporting regional businesses, while continuing to offer our guests a diverse retail line up. We look forward to seeing the continued growth and success of the array of brands on offer in the store.”

    The shop will continue to showcase a curated selection of high-quality goods produced by local Portsmouth businesses including natural skincare by Goly Natural, handcrafted jewellery by Wild Jewellery, quality teas by Tea Mountain, handcrafted luxury candles by Salt and Blossom, sustainable designer fashion by SpottandHerbert, merchandise for Portsmouth Pride 2025 and unique children’s clothing by Little Loves Apparel.

    The shop also features the city’s renowned food and drink producers, including The Portsmouth Distillery Company, Staggeringly Good Brewery, Spice Island Chill, Pastry Corner and Camber Wines.

    An invitation has also been extended to local artists to take part in the Love Portsmouth shop.

    Lulu Whitmore, Director of Love Southsea, said:

    “The Love Portsmouth shop has had an amazing first three months of trading.  We’re thrilled to announce that we’ve been given the opportunity to continue. This means even more opportunities for incredible local creatives to showcase their work. We’ve welcomed so many talented makers already, and this next phase promises to be even bigger and better!”

    Funded through the UK government’s Shared Prosperity Fund, the pop-up shop continues to deliver value to local businesses by:

    • Expanding their reach in Gunwharf Quays’ premium retail environment
    • Elevating brand visibility among broader audiences
    • Providing hands-on retail experience and skills
    • Creating opportunities to connect with regional and national buyers

    The Love Portsmouth shop is open daily from 10:00 AM to 6:00 PM until the end of June 2025.

    For more information visit rediscoverportsmouth.co.uk/love-portsmouth (link to

    The lease for the Love Portsmouth pop-up shop at Gunwharf Quays has been extended for an additional three months, allowing the shop to remain open until the end of June 2025. Originally planned to operate from January to March 2025, this Portsmouth City Council business support initiative, in partnership with Love Southsea and supported by Landsec, has become a resounding success, attracting enthusiastic shoppers, and benefiting local businesses.

    Since its opening, the shop has provided 28 Portsmouth-based businesses with an exceptional platform to showcase their products. It has also launched exclusive Portsmouth-inspired merchandise by Love Southsea, served as the official shop for Portsmouth Pride 2025 merchandise, and unlocked new supply opportunities for businesses like Tea Mountain.

    Councillor Steve Pitt, Leader of the council with responsibility for Economic Development said:

    “This pop-up shop has proven to be an incredible opportunity to showcase our local small businesses while strengthening our city’s economy. Extending this initiative allows us to build on its momentum and success.”

    Yvonne Clay, Centre Director at Gunwharf Quays: “We’re delighted that the Love Portsmouth pop-up store will be extending its stay at Gunwharf Quays.

    “The store’s success is testament to the talented small businesses that can be found across Portsmouth. By continuing to provide a platform to the Love Portsmouth team, we’re reinforcing our commitment to supporting regional businesses, while continuing to offer our guests a diverse retail lineup. We look forward to seeing the continued growth and success of the array of brands on offer in the store.”

    The shop will continue to showcase a curated selection of high-quality goods produced by local Portsmouth businesses including natural skincare by Goly Natural, handcrafted jewellery by Wild Jewellery, quality teas by Tea Mountain, handcrafted luxury candles by Salt and Blossom, sustainable designer fashion by SpottandHerbert, merchandise for Portsmouth Pride 2025 and unique children’s clothing by Little Loves Apparel.

    The shop also features the city’s renowned food and drink producers, including The Portsmouth Distillery Company, Staggeringly Good Brewery, Spice Island Chill, Pastry Corner and Camber Wines.

    An invitation has also been extended to local artists to take part in the Love Portsmouth shop.

    Lulu Whitmore, Director of Love Southsea, said:

    “The Love Portsmouth shop has had an amazing first three months of trading.  We’re thrilled to announce that we’ve been given the opportunity to continue. This means even more opportunities for incredible local creatives to showcase their work. We’ve welcomed so many talented makers already, and this next phase promises to be even bigger and better!”

    Funded through the UK government’s Shared Prosperity Fund, the pop-up shop continues to deliver value to local businesses by:

    • Expanding their reach in Gunwharf Quays’ premium retail environment
    • Elevating brand visibility among broader audiences
    • Providing hands-on retail experience and skills
    • Creating opportunities to connect with regional and national buyers

    The Love Portsmouth shop is open daily from 10:00 AM to 6:00 PM until the end of June 2025.

    For more information visit rediscoverportsmouth.co.uk/love-portsmouth

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Exciting transformation begins at Mount Batten Centre!

    Source: City of Plymouth

    Major redevelopment works are set to begin this month at the Mount Batten Centre, transforming this iconic gateway to Plymouth Sound National Marine Park.  

    The project, kicking off on 24 March, promises to bring a wave of exciting changes to enhance accessibility and visitor experience. 

    The redevelopment includes opening up the reception area to provide a warm and inviting welcome, creating a new ground floor café with direct access to outdoor seating and spectacular waterfront views, and designing new changing facilities to meet Sport England and Changing Places standards.  

    The updated design includes accessible and inclusive spaces, with provisions for multicultural and family changing, as well as separate areas for public use. The facilities will also feature slip-resistant flooring, durable materials, and adaptable layouts to ensure safety and flexibility for different user needs. 

    In addition to the new internal facilities, substantial improvements will be made externally to the areas immediately surrounding the centre and the 17th Century Artillery Tower. To enhance visitor experience, new outdoor terraced seating areas will provide space for people to relax and enjoy being next to the water creating an ambient welcome to the centre.   

    The historic Mount Batten Tower will benefit from additional pathways offering better access to the tower plateau to enable more people to enjoy the views across Plymouth Sound National Marine Park.   

    Thanks to £4m funding from The National Lottery Heritage Fund, Plymouth City Council and the Levelling Up Fund through the Ministry of Housing, Communities and Local Government, this sensitive restoration project will enable greater accessibility to Plymouth Sound National Marine Park. 

    Plymouth City Council Leader, Councillor Tudor Evans, said: “We are incredibly excited to see the Mount Batten Centre undergo this transformation.  

    “As Britain’s Ocean City we have a unique opportunity to restore the amazing heritage of Plymouth Sound. Our vision is to create a welcoming and inclusive space that celebrates Plymouth’s rich maritime heritage and offers new opportunities for everyone to enjoy the stunning waterfront.” 

    Richard Stevens, Chair of the Mount Batten Centre Board, said:  “Myself and the Mount Batten Centre Board are all incredibly excited to see these redevelopment works begin. The comprehensive project of reworking and enhancing the Centre is not just about bricks and mortar; it’s about creating a vibrant, accessible space that will connect people with our extraordinary National Marine Park, whether that be on, in or by the water. 

    “This investment will unlock the Centre’s full potential, providing first-class facilities for watersports, activities, and community engagement, ensuring the Mount Batten Centre, and wider Mount Batten peninsula, is recognised as one of the pivotal gateways to Plymouth Sound and a cornerstone of the National Marine Park experience.” 

    Adam Brimacombe from Classic Builders, a local construction company undertaking the works, added: “We’re incredibly proud to be appointed to deliver these important works at the Mount Batten Centre.  Plymouth is an important place for us, not only is it our home city but a large proportion of our talented team are based in the area. The delivery of these works allows us to further our support of local staff, share opportunities with local supply chain members, and play a key part of the continued investment of Plymouth as an exciting place to live and work. 

    “We’re delighted to be delivering the works at Mount Batten Centre. Having worked on a number of schemes for Plymouth City Council, we’re proud to be once again supporting the local authority on another important project. Plymouth is a special place to everyone at Classic Builders, and we’re excited to be working on another key project in our home city.” 

    This project is part of a wider £22m transformation programme that will help empower and engage the city in the marine environment.  

    The centre remains open for activities and is being operated from the class room block in the main car park, where temporary welfare units are in place to provide facilities for booked activities and club/affiliate members of the centre.  There will be no access to the centre’s main building during the renovations, this includes the existing café and accommodation. 

    Stay tuned for more updates as we embark on this exciting journey to revitalise the Mount Batten Centre and make it a premier destination for locals and visitors alike! 

    For more information, visit the Plymouth Sound National Marine Park website.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: University research a key enabler of the energy transition, Holyrood told Innovative approaches to helping Scotland secure long-term leadership in sustainable energy solutions and deliver an orderly energy transition were showcased by the University of Aberdeen at Holyrood last night.

    Source: University of Aberdeen

    Innovative approaches to helping Scotland secure long-term leadership in sustainable energy solutions and deliver an orderly energy transition were showcased by the University of Aberdeen at Holyrood last night.

    An 80-strong audience of MSPs, policy makers, industry representatives and other stakeholders attended the University’s parliamentary event, entitled ‘Accelerating the Energy Transition in Scotland and Beyond’. 

    They heard how the University has for the past five decades been a trusted partner to government and industry, delivering independent, data-led, evidence-based research and training programmes to address the global energy challenges and advance Scotland’s net zero ambitions. 

    Professor John Underhill, the interdisciplinary director for energy transition, spoke about how the University’s world-leading research supports Scotland’s energy future by driving industrial decarbonisation, informing energy policy, managing offshore spatial pressures, and enhancing workforce skills to secure Scotland’s global leadership in the energy transition. 

    The reception, which was hosted by Kevin Stewart MSP, also gave politicians the opportunity to engage directly with the University’s leading experts and discuss opportunities for collaboration in areas such as offshore wind, carbon capture and storage, hydrogen, decommissioning, geothermal and delivering a just transition. 

    “All aspects of the energy system, from exploration and production to consumption and decommissioning, must change. Our research seeks solutions to deliver a reliable, affordable, environmentally sustainable and climate compatible low-carbon energy system that ensures the transition is managed, orderly and just as we decarbonise and meet ambitious net zero targets,” said Professor Underhill. 

    “As parts of the world increasingly move towards renewable energy sources, the transition from oil and gas must be managed carefully to tackle fuel poverty and avoid imposing hardship yet ensure energy security. The transition strategy in Scotland will need to reassure communities about job security of those currently employed in the North Sea’s oil and gas industry while developing tangible new opportunities in renewable technologies. 

    “The challenge is inter and multi-disciplinary, and all aspects of the University’s research and training activity play a crucial role in providing solutions for low-carbon net-zero goals. For Net Zero to be successful it must obtain and retain public support, through continuous engagement, with people and places. Aberdeen is leading the way in the research needed to identify opportunities to accelerate decarbonisation and to design technically informed solutions that tackle societal challenges such as fuel poverty, sustainable local economies, wellbeing and social justice.” 

    Acting Cabinet Secretary for Net Zero and Energy Gillian Martin said: “We are determined to ensure a successful energy transition for the North East and indeed for the whole of Scotland.
    “Our universities have an international reputation for excellence in research, and it’s clear from what we heard here tonight that the University of Aberdeen is at the forefront of accelerating the energy transition both here in Scotland and internationally. 
    “The Scottish Government is committed to continuing to work in partnership with universities, supporting and amplifying innovative research like this to help ensure a sustainable future for us all.”

    “There is a need to decarbonise and transform the UK’s and global energy systems to reduce emissions, achieve NetZero and climate targets,” added Principal Professor George Boyne. 

    “Academics, government and all sectors must continue to work together to map a just transition for energy global systems.  The University’s interdisciplinary approach is a key enabler for this work as energy transition spans all of our five interdisciplinary research challenge areas.” 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Party in the park or have a ball on the beach for VE or VJ Day 27 March 2025 Hold a party in the park or have a ball on the beach to celebrate VE and VJ Day

    Source: Aisle of Wight

    This year is the 80th Anniversary of Victory in Europe (VE) and Victory over Japan (VJ).

    Thursday 8 May 2025 marks 80 years since VE Day, when the Second World War came to an end in Europe. While 15 August is celebrated as VJ Day, when the war ended in the east as Japan surrendered.

    On bank holiday Monday 5 May gather your friends, family and neighbours and host a Great British Food Festival.

    To help celebrate and bring people together the Isle of Wight Council will waive the land hire costs for community groups (including town, parish and community councils) to hold parties in the park and on beaches across the Island. This will help make organising an event as easy and stress-free as possible.

    Residents can download this handy toolkit to help get the party started 

    Natasha Dix, Service Director Waste, Environment and Planning said ‘‘Parties like this are a great opportunity for communities to come together. We want to make it as easy as possible for organised groups to hold a party to celebrate this momentous occasion.’’

    ‘‘For anyone organised groups wishing to hold a party in a local park or at the beach on bank holiday Monday 5 May simply visit Amenity land hire and submit your request to the council one month before the date of your event. If you are just gathering a few friends and family members, have fun and stay safe. We would like to remind everyone to please leave their environment as they found out and place any litter in bins or take it home to dispose of correctly.’’

    Celebrate freedom in the great outdoors and enjoy some Great British Food. Whether you plan a picnic party in your local park or sandwiches on the sand at the beach. Big or small gather your friends, family and neighbours.

    While the Isle of Wight Council is waiving any land hire costs, licensing fees will still apply as these are a statuary requirement.

    The council hopes that as many people take this opportunity to get the together but would like to remind residents if they do choose to hold a party in an outdoor space, they leave the venue as they found it.

    Please take away any rubbish and dispose of it correctly.

    These hints may help.

    Disposable barbeques

    Be safe and just don’t use them. The risk of fire caused by disposable barbeques is high. Pack a picnic instead.

    Disposable barbeques can reach 400C and take around four hours to cool down, making them impossible to move, and posing danger to people and the environment.

    Use of disposable barbeques is banned in several local parks and beaches managed by the council. 

    Recyclable plates/cups and cutlery

    Consider using recyclable cups, paper plates and wooden cutlery that can be reused or recycled easily instead of single use plastic.  

    Bottles and cans

    Wash and squash any plastic bottles or cans and put them in your recycling bin. Squashing plastic bottles and cans helps free up space making it easier to collect and recycle more.  

    Cardboard

    Collapse any cardboard boxes to fit more in your bin. Our recycling centres will also accept larger boxes of cardboard. You can also bundle excess cardboard to one side of your recycling bin or sack on your recycling week. 

    Left-over food waste

    Use your food caddie to dispose of any leftover food waste from your celebrations or visit Love Food Hate Waste for simple recipes to use up your leftovers. 

    MIL OSI United Kingdom –