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Blog

  • MIL-OSI Russia: Vladimir Retsepter, People’s Artist of Russia

    Translartion. Region: Russians Fedetion –

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

    Mikhail Mishustin congratulated the artistic director of the State Pushkin Theatre Centre in St. Petersburg on his 90th birthday.

    The telegram states, in particular:

    “You are one of those rare people whose multifaceted talent and wide range of interests have allowed you to achieve great success and deserved recognition in the professional community. You have established yourself as an actor, writer, director, and have rightfully earned the respect and sincere love of devoted fans.

    For more than thirty years, you have headed the State Pushkin Theatre Centre, conducting research and actively promoting the legacy of the great Russian poet, making a significant contribution to the development of Russian theatre and cinematography.

    I wish you good health and prosperity with all my heart.”

    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 –

    February 14, 2025
  • MIL-OSI Australia: Call for information – Indecent Assaults – Katherine

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force are calling for information following indecent assaults that occurred in Katherine this morning.

    Around 6am, three women were traveling together on foot along the Stuart Highway outbound from Katherine, when an unknown male approached and indecently assaulted them.

    At 6:30am, a female youth was approached and indecently assaulted by the same male near the Katherine Art Gallery on Stuart Highway, Katherine.

    The offender is described as of aboriginal appearance, medium build, wearing a sports style shirt with ‘00’ on the back and black shorts with medium length dark curly hair. 

    Police are investigating and urge anyone with information, including dash cam or CCTV footage, to contact police on 131 444 and quote reference number P25043675.

    Anonymous reports can be made through Crime Stoppers on 1800 333 000 or through https://crimestoppersnt.com.au/. 

    MIL OSI News –

    February 14, 2025
  • MIL-OSI Europe: Producer and Import Price Index rose by 0.1% in January

    Source: Switzerland – Department of Home Affairs

    The Producer and Import Price Index rose in January 2025 by 0.1% compared with the previous month to reach 106.4 points (December 2020 = 100). Prices rose in particular for petroleum products, watches, and medical and dental instruments and supplies, while electricity prices fell. Compared with January 2024, the price level of the whole range of domestic and imported products fell by 0.3%. These are some of the results from the Federal Statistical Office (FSO).

    MIL OSI Europe News –

    February 14, 2025
  • MIL-OSI Russia: The government has decided to defer the payment of the recycling fee to support manufacturers of self-propelled vehicles

    Translartion. Region: Russians Fedetion –

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

    Resolution of February 13, 2025 No. 157

    Document

    Resolution of February 13, 2025 No. 157

    The deadline for paying the recycling fee for the fourth quarter of 2024 and for the first to third quarters of 2025 for manufacturers of domestic self-propelled vehicles and trailers for them has been postponed to December 2025. The decree on this was signed by Prime Minister Mikhail Mishustin.

    The decision will affect more than 50 enterprises operating in various regions of the country. It will help stabilize the financial position of manufacturers of such equipment in the current economic situation. The deferment of the payment of the recycling fee will allow enterprises to preserve their working capital and economic potential against the backdrop of rising costs of credit financing.

    Self-propelled vehicles – tractors, bulldozers, graders and other equipment that is used in agriculture, construction, public utilities and other industries.

    The signed document introduces changes toGovernment Resolution of February 6, 2016 No. 81.

    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 –

    February 14, 2025
  • MIL-OSI Economics: Asian Development Blog: AI Can Free Human Intelligence for Discovery and Exploration

    Source: Asia Development Bank

    Artificial intelligence is reshaping knowledge generation, but human intelligence remains essential for ethical oversight, innovation, and problem-solving. Integrating AI into industries, shifting away from Industrial Era work models, and accelerating learning will be key to harnessing its full potential for sustainable development.

    Human cognitive abilities have grown over time, influenced by environmental and cultural factors. Despite a slight decrease in brain size over the past 3,000 years, the Flynn effect shows that people are becoming smarter across generations.

    Innovations in sharing and storing information—from writing to the rise of the Internet—are accelerating collective cognitive development because of the rapid dissemination of knowledge.

    In the age of artificial intelligence, human intelligence is likely to grow even faster. People will be able to access vast amounts of information across a wide range of topics more quickly than before. AI can also deliver personalized educational experiences to suit the learning style of students, making the learning process more engaging. 

    People are far from being mere passive recipients of AI’s impacts: they are actually the ones who are actively spurring its development, and this in turn is further advancing human intelligence. Leveraging both human and artificial intelligence will be critical to developing innovative solutions to address climate change and other complex global challenges. 

    People, from casual users to experts, need to have functional knowledge of AI to fully benefit from it, and AI’s usefulness depends on trust. This is where the Artificial Intelligence Quotient (AIQ), the level of readiness in humans to successfully adopt AI, comes in. 

    Just as travelers trust a plane or a car because they understand how they work, AI should also be made more understandable to increase the likelihood of its use and adoption. Patients will not be interested in undergoing a medical procedure performed by AI-powered robots if they are not confident that the benefits of technology-assisted surgery far outweigh the risks.

    Similarly, businesses will not blindly trust AI systems to engage in trade on their behalf without first understanding how these systems evaluate business risks.

    Building Artificial Intelligence Quotient requires educating oneself on AI advancements, capabilities, and limitations. Hands-on experience in using AI-powered tools will help individuals and institutions trust AI and make them more comfortable in using it. 

    Trust in AI, in turn, will encourage the development of more AI tools for societal benefit, including healthcare, education, and climate adaptation.     

    Technological know-how is crucial, but emotional intelligence is equally important. 

    Emotions drive creativity and problem-solving. With a few prompts, some AI tools can generate photos, videos, and stories. These outputs, however, are not truly original content. They are instead derived from training data.

    Context and purpose matter as there is no one-size-fits-all solution when it comes to AI.
     

    Humans, on the other hand, can generate original content, developing innovative ideas, and collaborating with other people to find solutions to complex issues. More importantly, they are the ones steering the direction of AI development, including putting in place policies and guidelines for the ethical and responsible use of AI. 

    These ethical guardrails help to ensure that AI tools and systems are built not for their own sake but to address pain points in a way that respects human values and rights. Thus, managing one’s emotions and understanding others’ emotions are necessary skills in a technology-driven era. 

    AI can mimic compassion, as seen with mental health chatbots, but it lacks genuine emotional connection. Trust is only the first step to developing an Artificial Intelligence Quotient. You need to be aware of your own capacity to use AI depending on your specific needs so you can find the right tool to address your concerns. 

    From an international development perspective, each country has a different set of needs and priorities when it comes to AI use. For instance, one country may be interested in focusing on leveraging AI to increase production capacity of a certain industry, while another country may want to use AI to improve delivery of basic services, such as healthcare, education, and social protection.

    Context and purpose matter as there is no one-size-fits-all solution when it comes to AI. Recognizing the differences in these challenges and how these need to be adjusted to be responsive to specific issues is critical to leveraging AI effectively to promote sustainable development and climate resilience.  

    AI’s strengths and weaknesses also need to be recognized. AI might be a powerful tool, but it has its limitations. There are instances when AI is not the best solution, with other tools being better suited to address an issue. In addition, AI does not hold all the answers to the world’s questions and is limited by the data with which it was trained.

    Finally, it is important to let AI know you. AI tools have a feedback loop that you can use to improve their performance, and this mechanism will help train these tools to better address climate and development challenges.

    If AI’s full potential is unleashed, it can handle all current cognitive tasks that humans are doing, freeing up humans to focus on big thinking and creating. 

    While it is improbable for sentient AI to emerge anytime soon, AI, along with robotics, will likely bear the brunt of the work of humans, including knowledge generation. By the 22nd century, AI will be solving the issues that humans previously handled, freeing humans to tackle new, yet-unsolved mysteries, leading to the rise of a new age of discoveries. 

    This will require rethinking and reskilling. The payoff, however, will be worth it if it means finding solutions to poverty, climate change, and other challenges faced by humanity and the world. 

    As AI grows, humans must continue to grow as well. In the next century, we are looking at a new age of discoveries arising from freeing up human intelligence to resolve new problems rather than resolving issues that could be resolved by AI and robotics.   

    To achieve climate and development goals, we need to be doing three things: 

    Integrate AI and robotics. Institutions and industries need to evolve to integrate technology—not just in business-related tasks but also in daily operations. Industries such as construction, shipping, and manufacturing will increasingly rely on AI and robotics to perform tasks. Embracing technology is critical, especially since its use will likely scale up in the coming years.

    Give up industrial era ways of working. AI and robotics will render obsolete the conventional assembly line setup that focuses on efficiency in physical production. People must shift towards human-centered work. Institutions and industries should redesign their operations and empower people to use their creativity and critical thinking skills to perform AI-augmented work. 

    Accelerate learning and adoption. The fundamental shift from the Industrial Era practices puts more emphasis on the knowledge economy. This, along with the rapid development brought about by AI and the rapid boom of industries, requires an accelerated pace of learning. Humans should therefore dedicate over half of their workday to learning to keep up with and adopt new technologies and methods. Human resource departments must play a key role to facilitate this shift from Industrial

    Era practices to more agile mindsets and practices in the age of AI.

    The future of intelligence will be shaped by the dynamic interplay between human cognition and artificial intelligence. By fostering a symbiotic relationship with AI, humanity can unlock new frontiers of knowledge, innovation, and problem-solving in the decades ahead.

    MIL OSI Economics –

    February 14, 2025
  • MIL-Evening Report: How would Israel respond if Trump called for death camps in Gaza?

    The issue is no longer a hypothetical one. US President Donald Trump will not explicitly suggest death camps, but he has already consented to Israel’s continuing a war that is not a war but rather a barbaric assault on a desolate stretch of land. From there, the road to annihilation is short, and Israel will not bat an eye. Trump approved it.

    COMMENTARY: By Gideon Levy

    And what if US President Donald Trump suggested setting up death camps for the inhabitants of the Gaza Strip? What would happen then?

    Israel would respond exactly as it did to his transfer ideas, with ecstasy on the right and indifference in the centrist camp.

    Opposition leader Yair Lapid would announce that he would go to Washington to present a “complementary plan”, like he offered to do with regard to the transfer plan.

    Benny Gantz would say that the plan shows “creative thinking, is original and interesting.” Bezalel Smotrich, with his messianic frame of mind, would say, “God has done wonders for us and we rejoice.” Benjamin Netanyahu would rise in public opinion polls.

    The issue is no longer a hypothetical one. Trump will not explicitly suggest death camps, but he has already consented to Israel’s continuing a war that is not a war but rather a barbaric assault on a desolate stretch of land. From there, the road to annihilation is short, and Israel will not bat an eye. Trump approved it.

    After all, no one In Israel rose up to tell the president of the United States “thank you for your ideas, but Israel will never support the expulsion of the Gaza Strip’s Palestinians.”

    Hence, why be confident that if Trump suggested annihilating anyone refusing to evacuate Gaza, Israel would not cooperate with him? Just as Trump exposed the transfer sentiment beating in the heart of almost every Israeli, aimed at solving the problem “once and for all,” he may yet expose a darker element, the sentiment of “it’s us or them.”

    A whitewasher of crimes
    It’s no coincidence that a shady character like Trump has become a guide for Israel. He is exactly what we wanted and dreamed about: a whitewasher of crimes. He may well turn out to be the American president who caused the most damage ever inflicted on Israel.

    There were presidents who were tight-fisted with aid, others who were sour on Israel, who even threatened it. There has never been a president who has set out to destroy the last vestiges of Israel’s morality.

    From here on, anything Trump approves will become Israel’s gold standard.

    Trump is now pushing Israel into resuming its attacks on the Gaza Strip, setting impossible terms for Hamas: All the hostages must be returned before Saturday noon, not a minute later, like the mafia does. And if only three hostages are returned, as was agreed upon? The gates of hell will open.

    They won’t open only in Gaza, which has already been transformed into hell. They will open in Israel too. Israel will lose its last restraints. Trump gave his permission.

    But Trump will be gone one day. He may lose interest before that, and Israel will be left with the damage he wrought, damage inflicted by a criminal, leper state.

    No public diplomacy or friends will be able to save it if it follows the path of its new ethical oracle. No accusations of antisemitism will silence the world’s shock if Israel embarks on another round of combat in the enclave.

    How would Israel respond if Trump called for death camps in Gaza? https://t.co/oYiMlp3PnE.

    — Gideon Levy (@gideonle) February 13, 2025

    A new campaign must begin
    One cannot overstate the intensity of the damage. The renewal of attacks on Gaza, with the permission and under the authority of the American administration, must be blocked in Israel. Along with the desperate campaign for returning the hostages, a new campaign must begin, against Trump and his outlandish ideas.

    However, not only is there no one who can lead such a campaign, there is also no one who could initiate it. The only battles being waged here now, for the hostages and for the removal of Netanyahu, are important, but they cannot remain the only ones.

    The resumption of the “war” is the greatest disaster now facing us, heralding genocide, with no more argument about definitions.

    After all, what would a “war” look like now, other than an assault on tens of thousands of refugees who have nothing left? What will the halting of humanitarian aid, fuel and medicine and water mean if not genocide?

    We may discover that the first 16 months of the war were only a starter, the first 50,000 deaths only a prelude.

    Ask almost any Israeli and he will say that Trump is a friend of Israel, but Trump is actually Israel’s most dangerous enemy now. Hamas and Hezbollah will never destroy it like he will.

    Gideon Levy is a Ha’aretz columnist and a member of the newspaper’s editorial board. He joined Ha’aretz in 1982, and spent four years as the newspaper’s deputy editor. He is the author of the weekly Twilight Zone feature, which covers the Israeli occupation in the West Bank and Gaza over the last 25 years, as well as the writer of political editorials for the newspaper. Levy visited New Zealand in 2017.

    MIL OSI Analysis – EveningReport.nz –

    February 14, 2025
  • MIL-OSI: Year-end Report – January-December 2024

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM – 14 February 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today publishes its Year-end Report January-December 2024. The full report is available on the Company’s website.

    “Stronger liquidity will ensure our ongoing ability to continue advancing the portfolio companies who are at earlier stages in the development phase and offer the potential for creating substantial value going forward”, says Viktor Drvota, CEO, Karolinska Development.

    Significant events during the fourth quarter

    • The portfolio company Umecrine Cognition presented new preclinical data on golexanolone, showing retained dopamine signaling in Parkinson’s disease, at the 10th International Conference on Neurology and Brain Disorders 2024 in Baltimore, Maryland, US (October 2024).
    • The portfolio company SVF Vaccines, presented positive clinical safety and immunogenicity data from a clinical phase 1 study of the universal Covid-19 vaccine candidate, SVF-002 (October 2024).
    • The portfolio company BOOST Pharma successfully completed a pre-IND meeting with the U.S. Food and Drug Administration, FDA, for its cell therapy aiming to treat children with the rare bone disease Osteogenesis Imperfecta (OI). The positive outcome from the meeting triggered the second tranche of previously agreed investment from Karolinska Development (November 2024).
    • Karolinska Development’s Extra General Shareholders’ Meeting on 13 November 2024 decided, among other things, to elect Will Zeng, with the dismissal of the current director Theresa Tse, as a new director of the Board of Directors. The current directors Hans Wigzell, Anna Lefevre Skjöldebrand, Benjamin Toogood and Philip Duong remain as directors of the Board of Directors and Hans Wigzell remains as chairperson (November 2024).
    • The portfolio company SVF Vaccines appointed Dr Gaston Picchio as acting CEO. He will assume the position with effect from November 15th, as Dr Richard Bethell decided to step down as CEO to pursue other professional interests while remaining associated with the company in an advisory role (November 2024).
    • The portfolio company Umecrine Cognition presented data from a recent interim analysis from an ongoing Phase 1b/2a clinical study of golexanolone in patients with Primary Biliary Cholangitis. The preliminary results show that golexanolone was well-tolerated and achieved drug exposure levels that correlate to clinical treatment doses. The results were presented at the Late Breaking Poster session at the American Association for the Study of Liver Diseases’ (AALSD) 75th Liver Meeting, in San Diego, CA, USA, on November 18, 2024 (November 2024).
    • The portfolio company Modus Therapeutics secured access to bridge financing of up to SEK 5 million from Karolinska Development, the company’s largest shareholder. The funding enabled Modus to initiate the recently approved phase 2a study in chronic kidney disease (November 2024).
    • Karolinska Development announced that the company has decided to implement organizational changes in order to reduce the cost base of its operations. The changes involve reducing the management team by one person and giving notice of redundancy to a total of three employees. This is estimated to reduce the company’s personnel costs by approximately 20 percent (December 2024).
    • The portfolio company, Modus Therapeutics, dosed the first patient in a phase 2 clinical study of the drug candidate sevuparin, evaluated as a treatment for chronic kidney disease with anemia. The study is being conducted at Centro Ricerche Cliniche di Verona in Italy (December 2024).
    • Karolinska Development divested 4,6 million shares in the portfolio company OssDsign and thereby strengthened the investment company’s liquidity. Karolinska Development holds nearly 5 million shares in OssDisgn after the divestment (December 2024).
    • Karolinska Development announced that the company’s Chairman of the Board, Professor Hans Wigzell, has decided to resign from his position. The Board of Directors of Karolinska Development appointed Ben Toogood as new Chairman until the next General Shareholders’ Meeting (December 2024).
    • The portfolio company Umecrine Cognition raised SEK 23.8 million through a convertible loan to be used for the continuation of the company’s clinical study of golexanolone in primary biliary cholangitis. The convertible loan with attached share options is directed to a consortium of investors (December 2024).

    Significant post-period events

    • The portfolio company AnaCardio secured SEK 205 million in a series A extension financing round and reported positive results from the first part of a Phase 1b/2a study of AC01 in patients with heart failure and reduced ejection fraction. The final part of the study (phase 2a) is expected to start during the first quarter of 2025 (January 2025).
    • The portfolio company Dilafor announced that it successfully completed regulatory meetings with the U.S. Food and Drug Administration, FDA, and European Health Agencies, regarding the continued development of the company’s drug candidate tafoxiparin. The completed meetings mark the end of a comprehensive dialogue with regulatory authorities in the US and EU to reach an alignment between the authorities on designing pivotal clinical Phase 3 studies in Europe and the US to evaluate tafoxiparin as a new potential treatment for priming of labor (January 2025).

    Financial update fourth quarter

    • The net profit/loss for the fourth quarter was SEK 18.6 million (SEK -1,9 million in the fourth quarter of 2023). Earnings per share totaled SEK 0.1 (SEK -0.01 in the fourth quarter of 2023).
    • The result of the Change in fair value of shares in portfolio companies for the fourth quarter amounted to SEK 18.7 million (SEK 6.6 million in the fourth quarter of 2023). The result is mainly the effect of the upturn in share price in the listed holdings OssDsign and Modus Therapeutics and also by an increase in value in AnaCardio in connection with the investment round. The upturn was partly offset by a downturn in the share price in the listed holdings.
    • The total fair value of the portfolio was SEK 1,451.5 million at the end of December 2024, corresponding to a decrease of SEK 11.6 million from SEK 1,463.1 million at the end of the previous quarter. The net portfolio fair value at the end of December 2024 was SEK 1,120.8 million, corresponding to a decrease of SEK 1.0 million from SEK 1,121.8 million at the end of the previous quarter. The main reason for the net decrease in fair value was the partial divestment of OssDsign and the downturn in the share price of the listed holding Promimic. The decrease was partially offset by the increase in the price of the listed holdings OssDsign and Modus Therapeutics together with the increase in value of AnaCardio in connection with the investment round. The quarter’s investments in Umecrine Cognition and BOOST Pharma also contributed to the increase in fair value.
    • Net asset value amounted to SEK 1,245.0 million, per share SEK 4.6, at the end of December 2024 (SEK 1,253.4 million, per share SEK 4.6 at the end of December 2023).
    • Net sales totaled SEK 0.5 million during the fourth quarter of 2024 (SEK 0.5 million during the fourth quarter of 2023).
    • Karolinska Development invested a total of SEK 19.4 million in portfolio companies during the fourth quarter of 2024 (SEK 41.6 million in the fourth quarter of 2023). Fourth quarter 2024 investments in portfolio companies by Karolinska Development and other specialized life sciences investors totaled SEK 155.7 million (SEK 125.3 million in the fourth quarter of 2023).
    • Cash and cash equivalents increased by SEK 12.7 million during the fourth quarter, totaling SEK 52.0 million on 31 December 2024 (SEK 85.3 million on 31 December 2023).

    Financial update full-year

    • The full-year net profit/loss was SEK -8.1 million (SEK 5.4 million in 2023). Earnings per share totaled SEK -0.03 (SEK 0.02 in 2023).
    • The full-year result for the change in the fair value of the portfolio amounted to SEK 1.6 million (SEK 15.2 million during 2023).
    • The total fair value of the portfolio was SEK 1,451.5 million at the end of December 2024, an increase from SEK 1,440.3 million at the corresponding date in 2023. The net portfolio fair value was SEK 1,120.8 million, an increase by SEK 10.5 million from SEK 1 110.3 million at the corresponding date in 2023.
    • Net asset value amounted to SEK 1,245.0 million, per share SEK 4.6, at the end of December 2024 (SEK 1,253.4 million, per share SEK 4.6 at the end of December 2023).
    • Revenue totalled SEK 1.8 million for the full-year of 2024 (SEK 2.0 million in 2023).
    • Karolinska Development invested a total of SEK 62.0 (103.0) million in its portfolio companies during the full-year. Full-year investments in the portfolio companies by Karolinska Development and other specialised life sciences investors totalled SEK 490.3 (394.5) million.
    • Karolinska Development’s cash compensation from sold shares and earn-out agreements regarding divested portfolio companies amounted to SEK 42.4 (18.3) million during the year.
    • Cash and cash equivalents decreased by SEK 43.3 million during the full-year, totalling SEK 42.0 (85.5) million on 31 December 2024.
    • The Board does not propose any dividend for the financial year 2024.

    The Year-end Report for Karolinska Development AB for the period January-December 2024 is available as a PDF at www.karolinskadevelopment.com.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Hans Christopher “HC” Toll, CFO, Karolinska Development AB        
    Phone: +46 70 717 00 41, e-mail: hc.toll@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has established a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com

    Attachments

    • KD Q4 2024 (ENG)
    • PR Q4 2024 (ENG)

    The MIL Network –

    February 14, 2025
  • MIL-OSI: Morpheus Labs Partners with CertiK to Power TN7’s Smart Contracts in Their First Joint Initiative

    Source: GlobeNewswire (MIL-OSI)

    Graphic download: Synthcity Overview (1).png

    SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — Morpheus Labs has teamed up with CertiK, a leader in blockchain security, to enhance the security and reliability of smart contracts. This collaboration strengthens blockchain ecosystems and supports the tokenization of Real-World Assets (RWA), opening up new possibilities for tokenized content and intellectual property. The partnership kicks off with TN7, a new content universe built around the first digital comic series from Viu, PCCW’s leading pan-regional OTT video streaming service.

    TN7: A Pioneering Digital Content Platform

    TN7 is a Viu initiative that explores new possibilities for community-driven storytelling, integrating Web3 elements to empower creators. It integrates secure and efficient smart contracts as part of its infrastructure. Through Morpheus Labs’ collaboration with CertiK, these contracts undergo rigorous auditing and reinforcement, ensuring a stable and secure foundation for the platform’s interactive ecosystem.

    CertiK Joins to Fortify Smart Contract Security

    CertiK brings advanced AI-driven auditing solutions to reinforce TN7’s smart contracts, enhancing security for the platform and its creators. Ronghui Gu, co-founder of CertiK, stated: “We are excited to partner with Morpheus Labs. Their AI-powered Smart Contract Studio provides the first end-to-end solution for smart contract development and auditing.Together, we aim to set new standards in blockchain security and reduce cybercrime threats.”

    A Strong Beginning for the Partnership

    This collaboration on TN7 marks the first step in an ongoing partnership aimed at advancing security in blockchain-powered digital content platforms. Morpheus Labs’ Smart Contract Studio, combined with CertiK’s auditing expertise, provides intuitive, seamless and highly secure smart contracts. Anson, Country Head at Viu Singapore, said: “Security is essential to TN7’s vision of a dynamic, creator-driven universe. With CertiK’s expertise and Morpheus Labs’ platform, we are confident in providing a stable and secure environment for our growing community.”

    Setting a New Standard in Web3 Security

    By combining CertiK’s auditing capabilities with Morpheus Labs’ Smart Contract Studio, the partnership delivers an end-to-end solution for smart contract development and auditing, addressing the growing need for robust cybersecurity in Web3. Pei-Han Chuang, CEO of Morpheus Labs, added: “Our Smart Contract Studio simplifies development while integrating thorough auditing services. The TN7 project is just the start of how this partnership will benefit businesses seeking secure smart contract solutions.”

    A Secure Future for Web3

    Together, Morpheus Labs and CertiK are setting a new standard for developing and securing smart contracts while onboarding more customers, starting with the TN7 project. As Web3 evolves, this collaboration strengthens the security framework for TN7 and sets a precedent for protecting digital content platforms integrating blockchain technology.

    About Morpheus Labs

    Morpheus Labs is a leading developer lab in South East Asia specializing in blockchain integration, offering a comprehensive suite of tools and services to streamline the development and deployment of blockchain-based projects. With a focus on driving adoption and innovation, Morpheus Labs empowers developers and enterprises to leverage the full potential of Web3 technologies.

    To learn more about Morpheus Labs, visit https://morpheuslabs.io. Try the Smart Contract Studio for free at https://web3-platform.morpheuslabs.io.

    About CertiK

    CertiK’s mission is to secure the Web3 world. Starting with blockchain, CertiK applies cutting-edge innovations from academia into Enterprise, enabling mission-critical applications to be built with security and accuracy. Headquartered in New York City, CertiK was founded by computer science professors Ronghui Gu and Zhong Shao. CertiK is backed by industry leaders, including Insight Partners, Tiger Global, Sequoia, Coatue Management, Advent International, Goldman Sachs, Lightspeed, SoftBank Vision Fund 2, Hillhouse Capital, Binance, Coinbase Ventures, and more.

    To learn more, please visit https://www.certik.com/

    About Viu

    Viu, a leading pan-regional over-the-top (OTT) video streaming service, is available in 16 markets across Asia, the Middle East, and South Africa.

    The Viu service is available to consumers through a dual model, with an ad-supported free tier and a premium subscription tier. In addition to premium original productions under the brand “Viu Original”, Viu showcases TV series, movies, and lifestyle programmes from top content providers in local and regional languages with subtitles. Viu Scream Dates, its multi-market fan-meet offering, extends the Viu experience beyond the screens by bringing stars closer to their fans via live events.

    In June 2023, PCCW and CANAL+ formed a partnership to accelerate the growth of Viu, making CANAL+ a strategic investor in Viu.

    Viu also operates MOOV, a popular digital music streaming and live concerts service in Hong Kong.

    Viu is a member of PCCW Media under PCCW Limited, a global company headquartered in Hong Kong with interests in telecommunications, media, IT solutions, property development and investments, and other businesses. PCCW also operates ViuTV, a free television service in Hong Kong, through HK Television Entertainment Company Limited, and has interests in Pacific Century Premium Developments Limited, among other global investments.

    For more information, please visit www.viu.com.

    Morpheus Labs Social Links

    X: https://twitter.com/MorpheusLabs_io
    Telegram: https://t.me/morpheuslabs
    Discord: https://discord.com/invite/mbdXpD2fZm

    Website: https://morpheuslabs.io/

    For media inquiries, please contact:
    Contact: Lyn Ngan
    Email: lyn@morpheuslabs.io

    For partnership inquiries, please contact:
    Contact: Leonard Ong
    Email: leonard@morpheuslabs.io

    Book a Consultation:https://appt.link/morpheuslabs/book-a-consultation

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5aa0632c-1cf4-4077-8b20-7c32e156412e

    The MIL Network –

    February 14, 2025
  • MIL-OSI: Publishing of Innofactor’s 2024 Financial Statements Bulletin

    Source: GlobeNewswire (MIL-OSI)

    Innofactor Plc Investor News, on February 14, 2025, at 9:00 Finnish time

    Innofactor Plc will publish its 2024 Financial Statements Bulletin on Friday, February 28, 2025, at approximately 9:00 am Finnish time.

    The financial statement release will be available on the company’s website after publishing.

    Espoo, February 14, 2025

    INNOFACTOR PLC

    Sami Ensio, CEO

    Additional information:
    Sami Ensio, CEO
    Innofactor Plc
    Tel. +358 50 584 2029
    sami.ensio@innofactor.com

    Distribution:
    NASDAQ Helsinki
    Main media
    www.innofactor.com

    Innofactor
    Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. www.innofactor.com #AIDriven #PeopleFirst #BeTheRealYou

    The MIL Network –

    February 14, 2025
  • MIL-OSI Global: Car brake dust can be more harmful than diesel exhaust – new study

    Source: The Conversation – UK – By James Parkin, Research Fellow, Air Pollution, University of Southampton

    Kichigin/Shutterstock

    Exposure to air pollution is associated with around seven million premature deaths per year across the world. When we think of urban air pollution, diesel exhaust emissions are often portrayed as a key culprit – rightly so, given previous research findings. However, our latest research shows that dust from brake pads could be more harmful to our lungs.

    Dust produced by wear of the road, tyres, and brakes, known as “non-exhaust emissions”, are now the major type of emissions from road transport, surpassing exhaust emissions across many European countries. Of these, brake dust is often the main contributor, but it’s not yet subject to regulation. There is much less known about the potential health effects of brake dust compared to diesel exhaust dust.

    We grew cells in the lab to mimic the lining of the lung, and exposed these cells to both brake dust and diesel exhaust dust. Brake dust proved significantly more harmful to these cells across different measures that are linked to lung diseases such as cancer and asthma. Interestingly, we found that removing copper from the brake dust reduced these effects.

    Despite this, current vehicle regulations in the UK only target exhaust emissions. Our findings suggest there is an urgent need to consider regulation of non-exhaust emissions as well. Reformulating brake pads might be one way to reduce the potential health burden imposed by these emissions.

    Brake pads previously contained asbestos fibres to deal with overheating. However, asbestos was banned in the UK in 1999 because of links to lung disease. This resulted in the motor industry designing new brake pad linings, including non-asbestos organic (NAO) pads commonly used in vehicles today.

    We compared the harmfulness of dust from the wear of different pad types. Ironically, we found that dust from the NAO pads, designed to replace asbestos-containing pads, was the most toxic to lung cells compared not only to dust from other pad types, but also to diesel exhaust dust. Some of the effects on our exposed cells relate to diseases such as lung cancer, lung fibrosis (lung scarring), asthma, and chronic obstructive pulmonary disease.

    Friction braking system.
    Photology1971/Shutterstock

    Previous research has shown that metals in air pollution particles can have toxic effects. We measured the metal content in the different types of brake dust and diesel exhaust dust. AI techniques identified high copper content as the defining characteristic of brake dust from NAO pads.

    We also found that this copper could get inside exposed lung cells. Most interestingly, when we treated this brake dust with a chemical to neutralise copper, its toxic effects were diminished. This suggests that copper is causing at least some of the harmful properties of this dust.

    Almost half of all copper in the air we breathe comes from brake and tyre wear. Various studies conducted by other research groups have found that exposure to high concentrations of copper is associated with impaired lung function, and overall risk of death.

    EVs aren’t perfect

    There is a huge body of evidence showing that airborne dusts are damaging to our health. Unfortunately, while the switch to electric vehicles (EVs) will eliminate exhaust emissions, which include toxic gases as well as dust, it will not eliminate road, tyre and brake dust. Studies indicate that, because they tend to be heavier, electric vehicles can generate more non-exhaust dust than petrol or diesel vehicles – the zero-emission label is clearly not accurate.

    Electrification of transport won’t solve the problem of brake pad emissions.
    Sue Thatcher/Shutterstock

    Some EVs are fitted with regenerative braking systems that allow the engine to act as a generator, slowing the car. However, EVs are still fitted with friction braking systems, which help bring the car to a full stop, so they still generate brake dust.

    The upcoming Euro 7 emissions standards that will be introduced in November 2026 will place limits on brake dust emissions which may spur innovation to develop new brake materials or dust-trapping mechanisms. They may also place extra focus on traffic calming and road design, to minimise stop-start and aggressive driving styles – both of which increase brake dust emissions.

    New brake pad formulations might reduce the total level of dust emissions or might be designed to exclude toxic components similarly to how asbestos was eliminated previously. Notably, in the US, both California and Washington have passed legislation to reduce copper content within brake pads, although this was primarily in response to concerns about the runoff of copper from brake dust into waterways, affecting aquatic life.

    Non-exhaust emissions are all around us, making up around 60% of all vehicle-derived pollution particles in the UK. It is important for us to recognise that there is no air pollutant for which there is an established safe exposure level.

    As we make the shift to electric cars, science and regulation must approach these emissions as seriously as those from the exhaust pipe.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.


    James Parkin works for the University of Southampton. He received funding from Wessex Medical Research.

    Matt Loxham receives funding from the Biotechnology and Biological Sciences Research Council (BBSRC), Medical Research Council (MRC), Natural Environment Research Council (NERC), National Institute for Health and Care Research (NIHR), Academy of Medical Sciences, Southampton Marine and Maritime Institute, Wessex Medical Research, and Asthma Allergy and Inflammation Research (AAIR) Charity.

    He is a member of the Committee on the Medical Effects of Air Pollutants (COMEAP), but he is writing here as an individual and his views do not necessarily represent those of the Committee or its members.

    – ref. Car brake dust can be more harmful than diesel exhaust – new study – https://theconversation.com/car-brake-dust-can-be-more-harmful-than-diesel-exhaust-new-study-249736

    MIL OSI – Global Reports –

    February 14, 2025
  • MIL-OSI Africa: World Health Organization (WHO) works with United States Agency for International Development (USAID) and United Nations Children’s Fund (UNICEF) to build Risk Communication & Community Engagement capacity for Botswana

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

    Download logo

    A total of 92 Health Promotion professionals from 27 districts and MoH headquarters have been trained on emergencies preparedness and response. The training was a result of findings from support visits to 12 districts to assess Risk Communication & Community Engagement (RCCE) capacity and experiences during and after COVID-19. The training focused on preparedness, response and resilience particularly building the capacity of the community to anticipate, respond and build resilience for future shocks.

    The training was also used to strengthen and validate the draft RCCE Strategic plan and Standard Operating Procedures. Participants were also trained in social listening and infodemic management. This was done in collaboration with UNICEF.  For community engagement and resilience, fifty representatives of communities, faith-based organizations and traditional healers were oriented on their role in promoting health and well-being, especially during emergencies.

    The country was also supported to build Psycho-social support capacity. In this regard, forty-four (44) mental health and allied health professionals were trained in Psychological First AID (PFA), and standard operating procedures were developed. The draft Psychological First Aid SOPs were updated and used to orient and capacitate participants particularly for emergencies.

    Safety, Health and Environmental (SHE) Officers from different sectors were also orientated on their role in promoting health and wellbeing particularly during emergencies. The orientation included leveraging lessons from COVID-19 and integration of Psycho-social support in workplace programmes and services.

    ICT and electronic equipment were also procured to enhance the capacity of Ministry of Health (MOH) to document, store and share information. The capacity building programme was funded through USAID.

    Distributed by APO Group on behalf of World Health Organization (WHO), Botswana.

    MIL OSI Africa –

    February 14, 2025
  • MIL-OSI USA: ICYMI: Senator Marshall Joins Fox Business to Discuss Budget Reconciliation, President Trump’s Cabinet Nominees, and More

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington, D.C. – U.S. Senator Roger Marshall, M.D. joined Maria Bartiromo with Fox Business this morning to discuss President Donald Trump’s cabinet nominees, an update on the budget reconciliation process, and Democrats’ efforts to obstruct the efforts of the Department of Government Efficiency (DOGE).

    [embedded content]

    You may click HERE or on the image above to watch Senator Marshall’s full Fox Business interview.
    On Budget Reconciliation:
    “What we’re going to do is prioritize funding to secure the border, to improve the military, to unleash American energy, and then finally, bring some fiscal sanity back to America. So we’re… lowering the top line from $7 trillion a year [in] spending, down to 6.1 [trillion], that should actually help bring interest rates down. If you think about it, the federal government’s printing less money. I think that will start bringing interest rates down.”
    On the confirmation of Robert F. Kennedy Jr. as Secretary of Health and Human Services:
    “The Democrats are hung up. It’s kind of amazing to me. If Bobby had been nominated by Joe Biden, it would have been called a brilliant move, but since it’s Donald Trump that nominates him, all of a sudden, he’s a vulcan or something. I’m looking forward to working with Bobby. We are going to make America healthy again. 60% of Americans have a chronic disease today. We need to figure out why.”
    On the Democrats’ efforts to obstruct DOGE:
    “Last year, the federal government sent out $250 billion of improper payments. That’s what the Government Accounting Office told us. $250 billion – our Inspector Generals missed all that?”
    “We need to make sure that we don’t have foxes watching the hen house. So President Trump’s figuring it out. There’s things he can do, and now Congress needs to go behind him and clean up this mess as well.”
    “That’s what the President ran on. Let’s make Americans safe. Let’s make them prosperous. We make them prosperous by rolling back regulations, fighting inflation, lowering energy costs, health care is a big driver of inflation. Right now we should come back and talk about it as well. So those will be our priorities.”

    MIL OSI USA News –

    February 14, 2025
  • MIL-OSI United Kingdom: Infant formula: CMA outlines clear path forward to help parents save hundreds of pounds a year

    Source: United Kingdom – Executive Government & Departments

    The CMA has set out comprehensive proposals to deliver better outcomes for parents in the infant formula market – both in terms of the choices they make and the prices they pay.

    iStock

    • CMA infant formula study finds that a combination of factors is leading to poor outcomes for parents, who could be saving around £300 a year by switching to a lower priced brand
    • Issues include the design and operation of current regulations and the responses of consumers to advertising which emphasises branding when, in fact, all infant formula will meet babies’ full nutritional needs
    • CMA heard concerns that parents on lower incomes are disproportionately affected due to higher rates of formula feeding
    • CMA final recommendations cover standardised packaging in hospitals; providing clear information to parents in healthcare and retail settings on the nutritional sufficiency of all infant formula; making it easier to compare prices of different brands; extending the ban on advertising to include follow-on formula; and allowing parents to use vouchers and loyalty points to buy infant formula
    • Given the steer from governments that regulatory restrictions on price promotions of infant formula support breastfeeding, the CMA is not recommending removing this ban at this stage, but stands ready to support further consideration of this option if asked

    Following a market study into the infant formula and follow-on formula market, the Competition and Markets Authority (CMA) has issued its final recommendations.

    Sarah Cardell, Chief Executive of the CMA, said:           

    Every parent wants to give their baby the best possible start in life. Many whom need, or choose, to formula feed, pick a brand at a vulnerable moment, based on incomplete information, often believing that higher prices must mean better quality. This is despite NHS advice stating that all brands will meet your baby’s nutritional needs, regardless of brand or price.

    Governments across the UK are committed to the tight regulation of infant formula for public health reasons. So, our proposals are designed to help parents make the best choices for them and their babies, with access to better information, while sharpening the effectiveness of the existing rules.

    Our proposals will also make it easier for regulations to be properly enforced, while ensuring manufacturers and retailers can be more confident in what they can and can’t do according to law.

    We strongly encourage governments to act on the recommendations to stop well-intended regulation driving poor outcomes for consumers. We’re ready to help implement the changes and support thinking around further measures, including removing the ban on price promotions, should governments consider it necessary at a later stage.

    CMA findings

    Advertising and labelling of infant formula is strictly regulated. For example, advertisement and promotion, including price reductions or deals, is restricted so as not to discourage breastfeeding.

    Many parents choose a brand for the first time in vulnerable circumstances – often in hospital immediately after birth – and frequently without the clear, accurate and impartial information needed to make informed decisions. People often feel under pressure, naturally wanting to do what is best for their baby. Many actively choose a more expensive product, assuming this means better quality. However, NHS advice makes clear “It does not matter which brand you choose, they’ll all meet your baby’s nutritional needs, regardless of price”.

    Against this backdrop, rather than competing strongly on price, manufacturers place significant emphasis on building brand awareness to secure customers. For example, some regularly supply the NHS with below cost formula to reach new parents – and once parents have found a brand that works for their baby, they rarely switch.

    Regulation states that the labelling and presentation of infant and follow-on formulas should be ‘clearly distinct’. Despite this, manufacturers use similar branding and labelling – including similar colour palettes, fonts and imagery – across infant and follow-on formulas. When combined with large marketing budgets, this approach indirectly supports the sale of infant formula, with CMA evidence indicating that parents are disproportionately influenced by such branding practices (be it in hospitals, online or in store).

    The CMA heard concerns that parents on lower incomes are more likely to formula feed so are disproportionately impacted by infant formula pricing. While some government support is available to those eligible, most infant formulas exceed the weekly value of benefits available through schemes such as the Healthy Start and Best Start Food. This can lead to parents foregoing food in order to provide for their babies.

    On pricing, differences between brands can have a sizeable impact on parents’ finances. Evidence reviewed by the CMA shows that they could make a saving of around £300 over a baby’s first year of life by switching from a popular mid-priced product to a low-priced brand.

    Recommendations

    The 4 recommendations from the CMA are:

    1. Removing brand influence in healthcare settings: Parents should be provided with timely, clear, accurate and impartial information on nutritional sufficiency of all infant formula products as early as possible. Where parents are given infant formula in healthcare settings, labelling should be standardised to reduce the influence of branding on their decision making. For example, branded formula could be put into non-branded containers, or the NHS could have a white-label formula.
    2. Equipping parents with the right information when they are shopping: Information about nutritional sufficiency should be displayed clearly and prominently on shelves and when buying online. In store, all brands of infant formula should be displayed together and in a separate cluster from other formula milks to enable quick and easy price comparisons.
    3. Strengthening labelling and advertising rules: All packaging should clearly display information on nutritional sufficiency. Claims that are intangible, or cannot be easily checked by parents, should be banned. Like infant formula, advertising (including price promotions and deals) for follow-on milks should be banned. To help shops, manufacturers and enforcers, government should clarify what constitutes ‘advertising’, outlining exactly what shops and manufacturers can and cannot do regarding formula milks. Parents should be allowed to use gift cards, vouchers, loyalty points, and coupons to purchase infant formula.
    4. Effectively enforce current and future rules: Strengthen the roles played by relevant authorities so they must approve the packaging of all infant formula products before sale. At present, companies can put products onto the market before the relevant authority has reviewed the label.

    Public Health Minister, Ashley Dalton, said:

    I welcome this report and would like to thank the Competition and Markets Authority for their thorough investigation.

    There are many benefits of breastfeeding but for those families that cannot or choose not to breastfeed, it is vital that they can access formula that is affordable and high quality. Families should not be paying over the odds to feed their babies because of outdated regulation.

    As part of our Plan for Change, we’re determined to ensure every child has the best start to life. We will carefully consider these recommendations and respond fully in due course.

    Competition and Markets Minister Justin Madders said:

    The government has been clear through our new Strategic Steer to the CMA that competition and consumer protection will drive economic growth.

    That work to drive better outcomes for consumers across the infant formula market delivers on this priority. We look forward to working closely with the CMA across government to continue to deliver growth as part of our Plan for Change.

    Next steps

    Recommendations are made to UK, Northern Irish, Scottish and Welsh governments, working in collaboration with other organisations, where appropriate. The CMA will now engage to explain these measures and support their implementation.

    For more information on the CMA’s market study, visit the Infant formula and follow-on formula market study.  

    Notes to editors

    1. All media enquiries should be directed to the CMA Press Office by email on press@cma.gov.uk or by phone on 020 3738 6460.
    2. It is clear that the UK, Scottish, Welsh and Northern Irish governments are committed to the public health goal of supporting breastfeeding. Following discussions with them, the CMA also understands that governments have concerns that allowing price promotions would risk undermining their important policy goals. Additionally, given the current market dynamics the CMA has observed, the CMA considers that there are limitations on the extent to which allowing price promotions would lead to better outcomes for consumers, without other measures to change consumer behaviour. The CMA stands ready to support further consideration of the removal of the ban on price promotions, in conjunction with the measures already proposed, if asked.
    3. The CMA also considered more interventionist regulation to set a maximum price for infant formula. This would directly limit prices, but would involve significant risks, including that lower prices in the market could rise to the level of the ceiling, resulting in some parents missing out on cheaper options on the market. There would also be significant challenges in the design and implementation of such a measure. The CMA is therefore not recommending the introduction of price controls at this time. However, governments may wish to retain this as a backstop option, if the proposed package of measures does not achieve the desired market outcomes within a reasonable timeframe.
    4. The calculation of savings made by switching to a lower priced infant formula is CMA analysis based on a baby being exclusively formula-fed from birth to 12 months (following the feeding amounts recommended on the packaging) and compares recent prices of 800g infant formula powder products from Tesco. The range of possible savings is £300-£500, with £300 representing a change from a popular mid-priced brand to a low-priced brand, and £500 representing a change from a premium high-priced brand to a low-priced brand.
    5. Infant formula is formula milk for babies that is suitable from birth and is the focus of the CMA’s market study. The study considered follow-on formula, which is a substitute for infant formula for babies ages 6 to 12 months and, to the extent that they impact how the markets for infant and follow-on formula operate, milks marketed for children aged over 12 months of age.
    6. The CMA’s role is to investigate how markets work, including the role of consumers, industry and government, and to look at all aspects of how markets could function better for those that use them.
    7. Regulations regarding the infant formula sector are put in place by government and are monitored and primarily enforced by local authorities. The Advertising Standards Authority also has a role in enforcement of its UK Advertising Codes (known as the CAP and BCAP Codes). Nutrition law is an area of devolved competency, and responsibility for legislating in relation to infant formula sits with each of the UK’s devolved nations.
    8. When referring to retailers, the CMA means supermarkets and other stores that sell formula, such as pharmacies. When referring to manufacturers, the CMA means the upstream suppliers of formula milk. When referring to brands, the CMA means the ranges of infant formula with the same brand name, produced by a particular manufacturer.
    9. For more information on the CMA’s market study process, visit: Market studies and investigations – guidance on the CMA’s approach.
    10. All enquiries from the general public should be directed to the CMA’s General Enquiries team on general.enquiries@cma.gov.uk or 020 3738 6000.

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    Published 14 February 2025

    MIL OSI United Kingdom –

    February 14, 2025
  • MIL-OSI Economics: Result of the 49-day Variable Rate Repo (VRR) auction held on February 14, 2025

    Source: Reserve Bank of India

    Tenor 49-day
    Notified Amount (in ₹ crore) 75,000
    Total amount of bids received (in ₹ crore) 99,692
    Amount allotted (in ₹ crore) 75,003
    Cut off Rate (%) 6.28
    Weighted Average Rate (%) 6.32
    Partial Allotment Percentage of bids received at cut off rate (%) 57.30

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2158

    MIL OSI Economics –

    February 14, 2025
  • MIL-OSI USA: Padilla, Schiff Sound Alarm Over Trump Admin’s Illegal, Indiscriminate Funding Cuts to National Institutes of Health

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Schiff Sound Alarm Over Trump Admin’s Illegal, Indiscriminate Funding Cuts to National Institutes of Health

    WASHINGTON, D.C. — Today, U.S. Senators Alex Padilla and Adam Schiff (both D-Calif.) expressed serious concerns over the Trump Administration’s proposed funding cuts to the National Institutes of Health (NIH) that would create a severe funding shortfall for research institutions across California and the nation. The Senators joined the entire Democratic caucus in highlighting the major threats posed by these cuts, which threaten to undermine America’s biomedical research infrastructure and set us back generations.

    The steps the Trump Administration has taken to impose a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research would cripple research institutions nationwide, undermine progress on lifesaving scientific advancements, threaten the livelihoods of hundreds of thousands of workers, and cost the U.S. economy billions of dollars.

    Last year, California received over $5 billion in NIH award funding, including for critical University of California and California State University projects that rely heavily on federal funding. The proposed cuts would be devastating to California universities and our global leadership in biomedical and scientific innovation.

    “This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on. The Administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly,” wrote the Senators.

    “The NIH plays a critical role in our nation’s efforts to fund scientific advancements that improve health and save lives,” continued the Senators. “Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration. We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted.”

    Last week, NIH announced it would set the maximum reimbursement rate for indirect costs to 15 percent — creating a serious funding shortfall for research institutions of all types across the country. This move would dismantle the biomedical research system and stifle the development of new cures for disease. It will not produce cost savings — it will just shift costs to states who cannot afford to pay the difference.

    Importantly, this action by the Trump Administration is illegal, and when the Trump Administration made a similar proposal eight years ago, Congress rejected it in a bipartisan manner.

    California joined 21 other states in a lawsuit against this NIH funding cut, arguing that this violates the Administrative Procedure Act because of a Congressional provision from 2018 that prevents changes to indirect cost rates. On Monday, a federal judge in Boston temporarily blocked the NIH rate cut and set a hearing for February 21.

    The letter was signed by the entire Senate Democratic caucus. In addition to Padilla, Schiff, and the letter lead, Senator Patty Murray (D-Wash.), the letter was also signed by Senators Angela Alsobrooks (D-Md.), Tammy Baldwin (D-Wis.), Michael Bennet (D-Colo.), Richard Blumenthal (D-Conn.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Catherine Cortez Masto (D-Nev.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Maggie Hassan (D-N.H.), Martin Heinrich (D-N.M.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ben Ray Luján (D-N.M.), Edward J. Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Democratic Leader Chuck Schumer (D-N.Y.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).

    A state-by-state analysis of total NIH funding, jobs supported, and economic activity supported through NIH research is available here.

    Senators Padilla and Schiff have fought relentlessly against the Trump Administration’s dangerous attacks on the American health care system. Earlier this week, Padilla and Schiff demanded President Donald Trump, Elon Musk, and the Department of Government Efficiency (DOGE) refrain from making cuts to Medicare and Medicaid to pay for tax cuts for billionaires after Musk and DOGE officials gained access to key payment and contracting systems at the Centers for Medicaid & Medicare Services (CMS). Last week, the California Senators called on Acting Secretary of Health and Human Services Dorothy Fink to end the unprecedented freeze on all external health communications and funding. After the Trump Administration paused crucial communications from federal health agencies last month, Senator Padilla joined Senator Schatz in introducing a resolution calling for uninterrupted health warning services for the American people.

    Full text of the letter is available here and below:

    Dear Secretary Kennedy,

    We write to express our serious concern with the Trump Administration’s recent decisions that threaten to undermine the nation’s biomedical research infrastructure and set us back generations. The steps the Trump Administration has taken will create a serious funding shortfall for research institutions nationwide, threaten to undermine progress on lifesaving scientific advancements, could cost the U.S. economy billions of dollars, and threaten the livelihoods of hundreds of thousands of workers. 

    As the largest public funder of biomedical research in the world, NIH plays a critical role in sustaining the research infrastructure necessary for scientific breakthroughs in cancer treatment, infectious disease prevention, and medical technology innovation, among many others. President Trump has wreaked havoc on the nation’s biomedical research system in recent weeks. In his first several days in office, President Trump imposed a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research. While some of these efforts have been reversed, they continue to cause confusion and miscommunication among researchers and recipients of NIH funds.

    Just last week, NIH announced an illegal plan to cap indirect cost rates that research institutions rely on. In capping indirect cost rates at 15 percent for NIH-funded grants, this policy would cut funding essential for conducting research, such as operating and maintaining laboratories, equipment, and research facilities. This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on. The Administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly.

    These confusing and harmful policy changes threaten patient safety. The strength of the American research enterprise – recognized as the best in the world – is built on Congress’ bipartisan commitment to supporting essential research infrastructure. This funding, which Congress has long appropriated on a bipartisan basis, fuels groundbreaking medical discoveries and cements the United States’ position as the global leader in biomedical research.

    In addition to the stifling impact on discovering new cures and ripping away treatment from those who need it, changes to NIH policy and communications threaten jobs in all 50 states and the District of Columbia, with everyone from custodians, to research trainees, to scientists facing potential layoffs. NIH research supported more than 412,000 jobs and fueled nearly $93 billion in new economic activity in Fiscal Year 2023. Every dollar the NIH invests in research generates almost $2.50 in economic activity. These reckless policy changes not only threaten biomedical innovation and research, but also the livelihoods of thousands of workers in every state across the nation.

    The Trump Administration has left researchers, universities, and health systems with great uncertainty about whether they can continue to support entire research programs and patient clinical trials across the country. Institutions and grantees nationwide are dealing with an unprecedented external communications “pause” enacted by new leadership at the U.S. Department of Health and Human Services, the lack of transparency regarding the Administration’s illegal funding freeze, and the uncertainty of how new Executive Orders would be applied to their critical work. These actions resulted in NIH freezing grant reviews and cancelling advisory meetings, delaying critical funding that scientists need to continue advancing new cures and treatments. These disruptions do not just slow research – they cost lives.

    The NIH plays a critical role in our nation’s efforts to fund scientific advancements that improve health and save lives. Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration. We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted.

    Sincerely,

    MIL OSI USA News –

    February 14, 2025
  • MIL-OSI United Nations: 14 February 2025 Departmental update WHO releases 2025 update to the International Classification of Diseases (ICD-11)

    Source: World Health Organisation

    The World Health Organization (WHO) has released the 2025 edition of the International Classification of Diseases 11th Revision (ICD-11) – a tool that standardizes the language used by health professionals worldwide in diagnosing, reporting and monitoring diseases, injuries and causes of death.

    The update includes:

    • new features designed to improve interoperability, accuracy and ease of use in national health systems (e.g. advanced NLP and API-based coding);
    • improved error detection with enhanced spelling correction and language variation recognition, reducing errors in data entry;
    • multilingual expansion, available in 14 languages, with ongoing expansion to improve global accessibility;
    • interoperability with external standards: ICD-11 seamlessly integrates with Orphanet, MedDRA, and other terminologies and classifications; and
    • a new module covering traditional medicine conditions of Ayurveda and related traditional medicine systems, including Siddha and Unani, will enable systematic tracking of traditional medicine services, enhancing global research, reporting and evidence-based policymaking.

    The ICD is a flagship WHO product that serves as the basis for identifying health trends and statistics at country level and worldwide. ICD is at the foundation of WHO’s Fourteenth General Programme of Work efforts to accelerate progress towards health-related Sustainable Development Goals (SDGs), addressing inequalities and achieving relevant national health targets. Every day, vital and life-saving decisions in clinical, administrative, policy and research settings are guided by the common terminology defined in ICD-11.

    ICD-11 also influences the availability of financial protection and social insurance, as health insurers’ reimbursements depend on ICD coding. Moreover, the classification of diseases has an immeasurable impact on how society’s views and behaviours towards diseases and health conditions are shaped; how people seek and receive health care; how providers respond; and what policies surround the provision of care. For example, when diseases of the immune system were re-classified and given more focus in ICD-11, it helped health practitioners address autoimmune disorders based on the most current knowledge and evidence.

     

    A digital future

    ICD-11 enhances global health communication by providing a standardized classification and terminology for seamless integration across health information systems, languages and settings.

    “With the new updates, the ICD-11 offers more ease of use, improved interoperability and accuracy, which will benefit national health systems and the people they serve,” said Dr Robert Jakob, Team Leader, Classifications Terminologies and Standards, WHO.

    ICD-11 is designed for flexibility when working in non-digital settings, while its 2025 edition facilitates countries to embrace digital innovation and enhance their health systems. The 2025 edition of ICD-11 takes is a major step forward with FHIR API integration and advanced natural language processing (NLP). These innovations enable seamless, real-time data exchange across health systems, making coding faster, more accurate, and less disruptive to patient care. With this intuitive design and smarter automation, health workers can focus on what matters most, while training requires fewer resources and less time.

    With every annual update, ICD-11 further reflects progress in science and medicine on which billions of people across the world rely for their health and well-being.

    ICD-11 is now available in 14 languages and expansion is underway to further improve global accessibility. For more information, visit: https://icd.who.int

     

    Note for editors:

    Since its adoption by the World Health Assembly in 2019, ICD-11 has been used for recording and reporting mortality and morbidity statistics both nationally and internationally.

    Over 270 institutions, health workers, epidemiologists, allied health care, health information managers, patients and statisticians from all continents provided extensive input to ICD-11. Today, it includes approximately 17 000 diagnostic categories and more than 130 000 clinical terms for injuries, diseases and causes of death, code combinations enable documentation of any clinical detail, with automated software support up to 2 000 000 terms.

     

    Related links:

    MIL OSI United Nations News –

    February 14, 2025
  • MIL-OSI Security: Drug Trafficker Sentenced to 87 months in Federal Prison for Possession of Methamphetamine with Intent to Distribute and Possession of a Firearm as a Drug User

    Source: Office of United States Attorneys

    Hagatña, Guam – SHAWN N. ANDERSON, United States Attorney for the Districts of Guam and the Northern Mariana Islands, announced that defendant Reynaldo Kinjo Zialcita, age 53, was sentenced on February 12, 2025, to 87 months federal prison.  He pled guilty to Possession of Methamphetamine Hydrochloride with Intent to Distribute, in violation of 21 U.S.C. § 841(a)(1), and Drug User in Possession of a Firearm and Ammunition, in violation of 18 U.S.C. § 922(g)(3).  The Court also ordered three years of supervised release following imprisonment, and a mandatory $200.00 special assessment fee. In addition, defendants convicted of a federal drug offense may no longer qualify for certain federal benefits.

    On November 16, 2023, Guam Police Department officers conducted a motor vehicle stop.  The driver, Reynaldo Kinjo Zialcita, was asked to produce his driver’s license.  Zialcita then picked up a small bag on the passenger seat, put his hand in the bag, and turned his back to the officer to conceal it.  Zialcita was ordered out of the car and then gave consent to search the bag for his license. The bag contained a glass jar with 249.6 grams of methamphetamine along with a loaded Sig Sauer P365 pistol.  Zialcita admitted being a drug addict and said that he started selling methamphetamine in various game rooms during the COVID-19 pandemic.  He bought the firearm to protect himself from being robbed of his drug proceeds. The firearm had previously been reported stolen in a March 2023 residential burglary.

    “This case is another example of the danger faced by law enforcement during traffic stops,” stated United States Attorney Anderson. “This type of prosecution not only prevented the distribution of a substantial quantity of drugs.  It also reduced the risk of future gun-related violence.  I commend GPD for its aggressive interdiction efforts.”

    “Dealing drugs and possessing firearms is a losing, and very dangerous, combination,” said ATF Seattle Special Agent in Charge Jonathan Blais.  “This sentence will give Mr. Zialcita time to reflect on his actions and hopefully change his lawless ways.”

    The case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Guam Police Department.

    Assistant United States Attorney Devarup Rastogi prosecuted the case in the District of Guam.

    MIL Security OSI –

    February 14, 2025
  • MIL-OSI: Stockwik publishes financial statement January 1 – December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    CONTINUED ORGANIC GROWTH IN REVENUE AND OPERATING PROFIT

    The Group’s positive organic development in revenue and operating profit continued in the fourth quarter of the year. Net sales increased by 4.6% to MSEK 253.8 (242.6) and operating profit (EBITA) increased by 8.3% to MSEK 21.8 (20.1) compared with the same quarter in the previous year. For the full year 2024, this ended in a 4.0% increase in the Group’s net sales to MSEK 850.9 (818.3), and a 5.2% increase in EBITA to MSEK 52.4 (49.8).

    Cash flow from operating activities increased by 47.5% during the year to 59.9 (40.6) MSEK.

    QUARTER OCTOBER 1 – DECEMBER 31, 2024

    MSEK Oct-Dec 2024 Oct-Dec 2023   ∆ %   of which organic growth, in percentage points of which acquired growth, in percentage points
    Net sales 253.8 242.6   4.6%   4.6% –
    EBITDA 32.3 31.7   1.9%   1.9% –
    EBITA 21.8 20.1   8.3%   8.3% –
    Adjusted EBITA 21.8 29.3          
    EBIT 20.0 17.6   13.6%   13.6% –
    Profit before tax 6.9 5.3          
    Profit after tax -1.4 -14.0          
    EBITA-margin % 8.6% 8.3%          
    Adjusted EBITA-margin % 8.6% 12.1%          
                   
    Operational cashflow 39.7 41.1          
    Earnings per share before dilution, SEK -0.23 -2.22          
    Earnings per share after dilution, SEK -0.23 -2.22          

    PERIOD JANUARY 1 – DECEMBER 31, 2024

    MSEK Jan-Dec 2024 Jan-Dec 2023   ∆ %   of which organic growth, in percentage points of which acquired growth, in percentage points
    Net sales 850.9 818.3   4.0%   4.0% –
    EBITDA 95.1 89.5   6.2%   6.2% –
    Adjusted EBITDA * 98.9 96.0          
    EBITA 52.4 49.8   5.2%   5.2% –
    Adjusted EBITA 56.2 59.0          
    EBIT 44.8 37.5   19.3%   19.3% –
    Profit before tax -6.8 -24.0          
    Profit after tax -13.6 -37.2          
    EBITA-margin % 6.2% 6.1%          
    Adjusted EBITA-margin % 6.6% 7.2%          
                   
    Operational cashflow 59.9 40.6          
    Earnings per share before dilution, SEK -2.16 -5.89          
    Earnings per share after dilution, SEK -2.16 -5.89          
                   
    Net debt 385.8 385.2          
    Net debt/EBITDA 4.06 4.31          
    Net debt/Adjusted EBITDA * 3.90 4.01          

    * EBITDA adjusted for non-recurring items in accordance with the definition in the bond terms. Restructuring costs of MSEK 3.1 (4.2), inventory revaluation of MSEK 0.6 (5.0), the discontinued contracting business of MSEK – (0.7), and other non-recurring items of MSEK 0.1 (0.0) have been excluded from the key figure.

    This information is being disclosed by Stockwik Förvaltning AB (publ) in compliance with the Market Securities Act. The information was submitted for publication at 07:00 (CET) on February 14, 2025, through the designated contact person provided below.

    For further information, please contact:
    Urban Lindskog, President and CEO
    Stockwik Förvaltning AB (publ)
    E-mail: info@stockwik.se

    About Stockwik

    Stockwik offers a stable platform for small businesses to develop both organically and through acquisitions. Stockwik’s companies offer value-adding products and services to corporate customers. Stockwik is listed on Nasdaq Stockholm Small Cap with the short name STWK.

    Attachments

    • Stockwik 4Q24
    • 250214 Stockwik publishes 4Q24

    The MIL Network –

    February 14, 2025
  • MIL-OSI: Coop Pank AS results for January 2025

    Source: GlobeNewswire (MIL-OSI)

    Coop Pank’s financial results in January 2025:

    • In January, number of the bank’s clients increased by 1,900 and number of active clients decreased by 700. By the end of the month number of clients reached 209,500 and number of active clients reached 98,800. Over the year, customer base has grown by 13%.
    • Volume of the bank’s customer deposits increased by 40 million euros, reaching 1.93 billion euros by the end of month. Deposits of corporate customers increased by 24 million and deposits of private customers increased by 3 million euros. The volume of deposits attracted from international platforms increased by 13 million euros. Over the year, volume of bank deposits increased by 11%.
    • The bank’s loan portfolio increased by 9 million euros over the month and reached 1.78 billion euros by the end of January. Home loans portfolio increased by 8 million euros, corporate loans increased by 2 million euros, leasing increased by 0.1 million euros and consumer financing decreased 0.3 million euros. Over the year, loan portfolio increased by 18%.
    • In January, the loan impairment cost was 0.1 million euros.
    • Compared to the first month of last year, the bank’s net income has decreased by 5% and expenses has increased by 4% during the same period this year.
    • The bank earned net profit of 2.7 million euros in January, that is 8% less than in the same period last year.
    • In January, Coop Pank’s return on equity was 15.2% and the cost-income ratio was 49%.
        

    Comment by Paavo Truu, Member of the Management Board and CFO of Coop Pank:

    “This year started strong for Coop Pank with a solid profit of 2.7 million euros. This was driven, among other factors, by the excellent business volume growth at the end of last year, which also contributed to increased revenues in January.

    We see that overall economic activity has picked up at the beginning of 2025, both in the private and business client segments. However, the car leasing market remains very quiet after last year’s turbulent end caused by the car tax. We believe this silence will continue, at least among private individuals, for the coming months and predict a revival in leasing market activity by the second half of the year at the latest.

    The overall market revival is supported by the ongoing downward trend in interest rates – the European Central Bank lowered its rates by 0.25 percentage points in January, and base rates are likely to continue declining. On one hand, this makes borrowing cheaper, but on the other, it also reduces the interest rates on term deposits in the local market.

    At the end of January, Coop Pank expanded its range of products for both private and business clients by introducing a convenient and environmentally friendly virtual card, which is currently offered by only a few universal banks in Estonia. Using a virtual card eliminates the need for a traditional plastic card, its activation is simple and fast, and the card is immediately ready for use. By adding the virtual card to a smart device’s Wallet, it can be used for payments anywhere that displays the contactless payment symbol or the Wallet logo.”

    More detailed quarterly reports of Coop Pank are available at: https://www.cooppank.ee/en/financial-reports

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 209,500. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 5160 231
    E-mail: paavo.truu@cooppank.ee

    Attachment

    • Coop Pank 2025-01_EN

    The MIL Network –

    February 14, 2025
  • MIL-OSI: Richemont announces changes to Senior Executive Committee and Board of Directors

    Source: GlobeNewswire (MIL-OSI)


    AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

    14 FEBRUARY 2025

    RICHEMONT ANNOUNCES CHANGES TO SENIOR EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS

    Richemont today announces the following changes to its Board of Directors and Senior Executive Committee (SEC), effective immediately:

    Catherine Rénier, Chief Executive Officer (CEO) of Van Cleef & Arpels, Louis Ferla, CEO of Cartier, and Marie-Aude Stocker, Chief People Officer (CPO) of Richemont are appointed to the SEC.

    Marie-Aude Stocker, formerly Director of People, Development and Prospective at Van Cleef & Arpels, was recently appointed CPO reporting to Nicolas Bos, CEO of Richemont. A French national and graduate of the Ecole Supérieure de Commerce de Paris (ESCP) business school, with a certification from the Institut des hautes études de défense nationale (IHEDN), Ms Stocker brings 35 years of beauty and luxury industry experience to the role, including 24 years in the Group.

    Jérôme Lambert is stepping down from the SEC and from the Board of Directors following his appointment as CEO of Specialist Watchmaker Maison Jaeger-LeCoultre.

    Boet Brinkgreve, CEO of Laboratoire de Haute Parfumerie et Beauté will be leaving the company at the end of April.

    Commenting on the changes, Nicolas Bos said:

    “Catherine’s and Louis’ combined industry and Group experience, together with their operational knowledge and expertise as CEOs of our largest Maisons, will be a great asset to our Senior Executive Committee. I am also delighted that Marie-Aude is joining the SEC as our newly appointed Chief People Officer. Having a dedicated CPO will help ensure that our growing and fast evolving HR strategic resource management needs are effectively fulfilled. Marie-Aude is ideally placed to take on this mission, as she brings a wealth of highly relevant experience gained in the course of her career.

    I want to take this opportunity to wish Jérôme all the best in his new role and to thank him again for his support in recent months.”


    Senior Executive Committee biographies can be accessed here. 

    About Richemont 

    At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont’s ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.

    Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier, Van Cleef & Arpels and Vhernier; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, Chloé, Delvaux, dunhill, Gianvito Rossi, Montblanc, Peter Millar including G/FORE, Purdey, Serapian as well as Watchfinder & Co. In addition, Richemont operates NET-A-PORTER, MR PORTER, THE OUTNET, YOOX and the OFS division. Find out more at https://www.richemont.com/.

    Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (‘SMI’) of leading stocks. The ‘A’ shares are also traded on the Johannesburg Stock Exchange (JSE), Richemont’s secondary listing.

    Investor/analyst and media enquiries

    Investor relations: investor.relations@cfrinfo.net; +41 22 721 3003
    Media: pressoffice@cfrinfo.net; richemont@teneo.com; +41 22 721 3507

    Click here for a printer-friendly version in English (PDF)

    The MIL Network –

    February 14, 2025
  • MIL-OSI United Kingdom: expert reaction to study of impact of emissions from brake pads on lung cells compared to diesel emissions

    Source: United Kingdom – Executive Government & Departments

    February 14, 2025

    A study published in Particle Fibre and Toxicology compares the impact of emissions from break pads and diesel on lung cells. 

    Prof Anna Hansell, Professor of Environmental Epidemiology, University of Leicester, said:

    “Air pollution has been reducing in recent decades and will reduce further as we continue to move away from fossil fuels to cleaner forms of energy. However, this paper reminds us that we will still have transport-related air pollution, even from emission-free vehicles. It shows that particulates from brake and tyre wear from both combustion-engine and electric vehicles have toxic impacts on human cells. Further studies, taking into account exposure levels, will help determine actual risks to human health and ecological systems.

    “The study concentrated on impacts on health related to the metal content of particulates from brake wear. More studies are needed to look at health risks from other components of brake wear and also tyre wear.”

    Dr Antonis Myridakis, Lecturer in Environmental Sciences, from Brunel University of London, said:

    “This study provides a thorough and systematic investigation into the toxicological effects of brake-wear particulate matter (PM2.5), with a particular focus on copper-enriched brake dust. The research utilises an interdisciplinary approach to examine how different brake pad compositions impact alveolar epithelial cells. By comparing these effects to diesel exhaust PM, the study contributes to the growing body of evidence that non-exhaust emissions represent an increasingly significant yet underregulated source of airborne pollutants.

    “The press release accurately reflects the main conclusions of the study, emphasising that copper-enriched brake-wear PM induces significant oxidative stress, inflammation, and metabolic reprogramming in lung cells, surpassing even the effects of diesel exhaust PM. This aligns with established evidence regarding the role of transition metals in PM toxicity, but also introduces new insights into the pseudohypoxic activation of hypoxia-inducible factor (HIF) signalling, which has been implicated in chronic lung diseases and cancer.

    “The research is well-executed and effectively accounts for potential confounders. However, it is important to highlight that is an in vitro model study, which, while invaluable for mechanistic studies, may not fully capture the complexity of real life exposure scenarios. Future studies should consider animal models or real-world epidemiological correlations to confirm these findings.

    “The study’s implications are significant, highlighting a major gap in air quality regulation. While diesel exhaust emissions are heavily legislated, non-exhaust PM remains largely unregulated despite its growing contribution to urban air pollution. Focusing solely on PM mass concentrations in regulations may be insufficient, as the composition of PM, particularly its metal content, is a critical determinant of toxicity.”

     

    Dr Ian Mudway, Senior Lecturer at School of Public Health – Faculty of Medicine, Imperial College London, said:

    “While the paper’s research appears sound, and the researchers have a strong track record, it’s premature to conclude that non-exhaust emissions from traffic, specifically brake pad wear, are worse than diesel exhaust. Too many variables remain uncontrolled: brake disc types (a highly varied category), diesel exhaust particle composition, and chosen endpoints, among others. The paper’s core message is that we shouldn’t assume all traffic-related pollution originates from exhaust and should not discount abrasion sources. It is important that brake wear and tire wear is part of the discussion about traffic related pollution. While this paper focuses on brakes, tire wear and road dust resuspension should also be considered. This has significant policy implications, as it suggests that policies solely targeting exhaust emissions will not fully mitigate the risks of traffic-related pollutants. Although regenerative braking may partially offset brake wear, it, along with tire wear, will remain a concern even with vehicle electrification. This is reflected in the upcoming Euro 7 regulation (2026), which, for the first time, introduces standards for tire and brake wear emissions, acknowledging their contribution to air pollution and potentially driving innovation in tire and brake technology.”

    Prof Roy Harrison, Professor of Environmental Health, University of Birmingham, said:

    “Non-exhaust particles, such as those from the wear of brakes and tyres now well exceed those from engine exhaust, and there is consequently a strong interest in the relative toxicity of the various particle types.  The authors of this paper apply a battery of toxicological tests to demonstrate the toxicity to lung cells of brake wear particles, and especially those containing copper.  In some tests, the brake wear appears to be more toxic than diesel exhaust particles.  While there must be some reservations over the way that the particles were presented to the cells in this study (collected on a filter and then suspended in water, rather depositing directly from the air), which may affect their toxicity, several studies have now demonstrated toxicity associated with brake wear particles.  As yet, studies in human populations have not shown exceptional toxicity, just that normally associated with exposure to fine particles.  The good news is that emissions of brake wear particles from an electric vehicle are much less than from conventional petrol and diesel vehicles due to regenerative braking.”

    ‘Copper-enriched automotive brake wear particles perturb human alveolar cellular homeostasis’ by James G H Parkin et al. was published in Particle and Fibre Toxicology at 06:00 UK time on Friday 14th February.

    DOI: 10.1186/s12989-024-00617-2

    Declared interests

    Prof Anna Hansell: I do not have conflicts of interest to report. I am Chair of the Committee on the Medical Effects of Air Pollution (COMEAP), but comments here are in a personal capacity as Professor in Environmental Epidemiology at the University of Leicester. 

    Dr Antonis Myridakis: None

    Dr Ian Mudway: No declarations of interest. I have worked on a USA Health Effects Institute study on non-exhaust emissions where one of the authours of this paper was on the Steering Committee as an independent advisor. I have also published a paper in 2020 comparing the toxic effects of diesel and brake abrasion dust, which demonstrated very similar responses (doi: 10.1039/c9mt00253g).

    Prof Roy Harrison: He receives research funding from UKRI and EU Horizon programmes.  He is a member of the Defra Air Quality Expert Group and Deputy Chair of the DHSC committee on the Medical Effects of Air Pollutants, but writes in a personal capacity.  He has no conflict of interest with respect to this research study.

    MIL OSI United Kingdom –

    February 14, 2025
  • MIL-OSI NGOs: Microplastics in your body: From your heart to your brain, and even your future kids

    Source: Greenpeace Statement –

    Close up of microplastics found on beach. © The 5 Gyres Institute

    Science is only beginning to understand the long-term effects of plastic on human health, yet the evidence so far is alarming. Microplastics—tiny plastic particles less than 5 millimeters in size—have been found everywhere, from the deepest oceans to the food we eat to the air we breathe. More concerningly, they’re now inside our bodies.

    Microplastics in human bodies:

    1. HEART:
    A study in Environmental Science and Technology found microplastics in the hearts of patients undergoing cardiac surgery—the first confirmed presence of these particles in human heart tissue.

    2. BRAIN:
    Research shows a rising trend of micro- and nanoplastics in brain tissue, with postmortem studies from 1997 to 2024 detecting their accumulation.

    3. LUNGS:
    Microplastics have been discovered deep in the lungs of living people. The most common particles were polypropylene (used in packaging and pipes) and PET (found in bottles).

    4. BLOOD:
    Scientists have detected microplastics in human blood, with nearly 80% of tested individuals carrying these particles. This shows that microplastics can travel through the bloodstream and potentially lodge in organs.

    5. SEMEN:
    Studies in China and Italy have found microplastics in human semen, raising concerns about potential reproductive harm.

    6. PLACENTA & BREASTMILK:
    Microplastics have been detected in the placentas of unborn babies and in breastmilk, suggesting exposure begins at the earliest stages of human development.


    Plastics contain over 16,000 chemicals, many untested and potentially toxic to human health. At least 4,200 of these are highly hazardous to both people and the planet. With microplastics already invading our bodies, we are constantly exposed to the threats of these harmful substances.

    This is a global crisis, and it needs a global solution. We must push for a strong Global Plastics Treaty that cuts plastic production and enables a just transition to reuse and refill systems. Protect the health of future generations. Sign the petition now.

    ###

    STRONG PLASTICS TREATY NOW!

    Help build a safer, plastic-free future

    SIGN THE PETITION

    MIL OSI NGO –

    February 14, 2025
  • MIL-OSI Australia: Over $21 million to transform New South Wales’ regional cities

    Source: Australian Ministers 1

    The Albanese Government is building Australia’s future by delivering social infrastructure that connects communities, boosts economies and transforms Australia’s regions.

    Today we are announcing four projects will share in over $21 million to create new and revitalise existing town precincts across regional New South Wales. 

    In Cessnock, over $14 million is going towards transforming the underutilised Apex Park into a thriving precinct connecting local businesses, community groups, service providers and the Cessnock Pool recreation area.

    The new precinct will transform Cessnock for locals and visitors alike, shaping the future of the town and strengthening its role as a tourism gateway to the Hunter Valley region.

    Further west, we’re investing $2 million into the Mid-Western Regional Council’s Mortimer Street Precinct to revitalise the south-eastern section of the Mudgee CBD. 

    The project will deliver plans to accommodate a hotel, residential apartments, commercial shops, restaurants, car parks, green spaces and designated pedestrian connections. It will enable the precinct to progress to Development Application and investment.

    Bathurst Regional Council’s Connected Regional Neighbourhoods project will receive $1.7 million to develop a comprehensive business case, master plan and concept designs to reinvigorate the Bathurst CBD. 

    The project will set a benchmark for the use of smart, sustainable technologies in a regional city, incorporating active transport infrastructure and streetscape enhancements to attract investment into the town.

    In Cobar, almost $3.5 million will deliver the design and planning works for the council’s Grand Precinct, getting it up to construction and tender-ready status. 

    The project will transform the town by redesigning the Grand Hotel into a cultural-commercial hub, upgrading the library with enhanced services, restoring the town hall for multi-purpose use, adding senior housing and improving streetscapes. 

    These projects showcase the Government’s commitment to listening to, and working with, local communities, and addressing regional needs.

    They are funded through the Albanese Government’s regional Precincts and Partnership Program, which provides investment to transform regional, rural and remote places. 

    The program is investing $47.9 million to support the transformation of seven precincts across New South Wales. For more information, visit: infrastructure.gov.au/regional. 

    Quotes attributable to Minister for Infrastructure, Transport, Regional Development and Local Government Catherine King: 

    “Precincts like this not only give the community a space to gather and visitors a space to enjoy, but they transform towns by boosting local economies and shaping the everyday lives of locals.

    “The regional Precincts and Partnerships program is about revitalising underutilised spaces to enhance regional cities and towns – working collaboratively across government, community and with the private sector. 

    “We are listening to communities across regional New South Wales and boosting local economies by strengthening community infrastructure.”
     
    Quotes attributable to Member for Hunter Dan Repacholi: 

    “This investment is a game-changer for Cessnock, ensuring our region continues to grow, attract visitors, and provide better amenities for locals.

    “Our community has been asking for these improvements, and I’m proud to be delivering real outcomes that will make a lasting difference.

    “The Albanese Government is committed to supporting regional New South Wales, and this funding will help build a stronger, more connected future for Cessnock and beyond.”

    MIL OSI News –

    February 14, 2025
  • MIL-Evening Report: ‘A shameful call by Creative Australia’: the arts community reacts to Khaled Sabsabi being dropped from the Venice Biennale

    Source: The Conversation (Au and NZ) – By Cecelia Cmielewski, Research Fellow, Institute for Culture and Society, Western Sydney University

    To be selected as the artist and curator team to represent Australia at the Venice Biennale is considered the ultimate exhibition for an artistic team. To have your selection rescinded, as has now happened to the 2026 team of Khaled Sabsabi and curator Michael Dagostino, is without precedent.

    Australia has presented at the biennale since 1954, and is one of 29 countries to have a permanent pavilion. Last year, Archie Moore was the first Australian to win the Golden Lion for best national pavilion.

    The selection of an artist and curator pair is managed by Creative Australia. The arts funding body appoints a committee of visual artists and industry experts to form a shortlist of six teams, and make the final selection.

    The announcement on February 7 of Sabsabi and Dagostino was widely celebrated as creatively bold and inclusive.

    On Thursday, opposition arts spokesperson, Claire Chandler, questioned Sabsabi’s selection in the Senate. She cited a 2007 work that featured Hezbollah leader Hassan Nasrallah, and said the artist had made work “promoting” Osama bin Laden.

    In a statement released on Thursday night, Creative Australia said Sabsabi and Dagostino would no longer represent Australia at the biennale.

    The Creative Australia board, the statement said, “believes a prolonged and divisive debate about the 2026 selection outcome poses an unacceptable risk to public support for Australia’s artistic community”.

    On social media, the artistic community was swift in its condemnation. They criticised the paucity of understanding of Sabsabi’s artistic and community practice, and questioned the role of political interference and freedom of artistic expression.

    Artists called for the resignation of the Creative Australia board, and for a boycott of the Australian pavilion at the biennale.

    ‘A remarkable career’

    Before moving into visual arts, Sabsabi began his career as a hip-hop artist, known as Peacefender. In a career spanning more than 35 years, he has worked in video, mixed media and installation art, exhibiting around Australia and internationally.

    Media artist and academic John Gillies described Sabsabi as “a thoughtful and peaceful person” who has worked as a community arts worker in Palestinian refugee camps in Lebanon.

    The former head of the Sydney gallery Artspace, Nicholas Tsoutas, said Sabsabi “has had a remarkable career in contemporary art and his selection was so well deserved”.

    He praised the selection of Sabsabi as “an extraordinary opportunity to really advocate for artistic freedom for bringing [people] together”, and added this decision will “do the exact opposite”.

    ‘A sad day’

    Artist Kate Just said the board’s decision “undermines the expertise of the artist, curator, and the selection team. The decision fails to uphold the work of artists to interrogate complex personal and political histories and the urgent issues of our time.”

    Fiona Winning, former director of programming at Sydney Opera House, said it was “a shameful call by Creative Australia”. Artist Nigel Helyer expressed his belief this decision was “liable to emphasise cultural divides, rather than placate them”.

    Investment banker, art collector and philanthropist Simon Mordant, commented on Instagram he has “resigned as an Ambassador to the now cancelled project and withdrawn my financial support – this situation is unacceptable”.

    He suggested “the Pavilion should remain empty in solidarity with Khaled. A very dark day for Australia and the Arts”.

    Advocacy body National Association for the Visual Arts (commonly known as NAVA) released a statement saying “government interference in the expert panel’s selection process undermines the very principle of independence”.

    The decision, they said, “erodes public trust, alienates artists, and sparks widespread protest from those who stand with Sabsabi and Dagostino as a matter of principle”.

    ‘Artists reflect the times they live in’

    The five artistic teams who were shortlisted to represent Australia at the biennale have released a joint statement in support of Sabsabi.

    They called the selection process “rigorous and professionally independent” leading to the selection of a team with “artistic vision and courage”.

    Revoking support, they wrote, is “antithetical to the goodwill and hard-fought artistic independence, freedom of speech and moral courage that is at the core of arts in Australia”.

    In a statement, Sabsabi and Dagostino said “art should not be censored as artists reflect the times they live in”.

    “We intended to present a transformational work in Venice, an experience that would unite all audiences in an open and safe shared space,” they said.

    As the artistic community is showing, this decision has raised a debate on what artists are allowed to say in Australia and brings into question the independence of Creative Australia.

    Cecelia Cmielewski 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. ‘A shameful call by Creative Australia’: the arts community reacts to Khaled Sabsabi being dropped from the Venice Biennale – https://theconversation.com/a-shameful-call-by-creative-australia-the-arts-community-reacts-to-khaled-sabsabi-being-dropped-from-the-venice-biennale-249941

    MIL OSI Analysis – EveningReport.nz –

    February 14, 2025
  • MIL-OSI Asia-Pac: Census to be conducted next year

    Source: Hong Kong Information Services

    The 2026 Population Census will be held from January 1 to December 31, 2026.

    The Census & Statistics (2026 Population Census) Order was published in the Government Gazette today.

    To modernise and reform Hong Kong’s approach to censuses, several new initiatives will be implemented in the 2026 Population Census, such that only around one-tenth of the population will be subject to detailed enquiry by long-form questionnaire.

    Government administrative data will be used more extensively to supplement survey data with a view to reducing the reporting burden on respondents.

    A small-scale test survey for the 2026 Population Census will be conducted from April to July this year.

    Sampled households are encouraged to participate in the census through online questionnaires. They may also choose to provide the requested information by telephone interview.

    Census & Statistics Department Census officers will visit households who have not completed their questionnaires to collect the requested information.

    Households selected to participate in the census will receive a household notification letter issued by the department. If households have not provided telephone numbers to the department, it will not initiate phone calls to them.

    When visiting households, census officers will wear a vest uniform and carry a government or enumerator identity card and a Census Officer Certificate of Identity issued by the department.

    The department will implement strict procedures to handle all data collected and will only release statistics that do not reveal the identity of the individuals involved.

    All completed questionnaires, in both paper and electronic forms, will be destroyed on or before December 31, 2027.

    The order will be tabled at the Legislative Council for negative vetting on February 19.

    MIL OSI Asia Pacific News –

    February 14, 2025
  • MIL-OSI Security: Four Admit Selling Machine Gun Conversion Devices, Methamphetamine

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    ST. LOUIS – Four people have admitted selling methamphetamine or multiple machine gun conversion devices to an undercover federal agent.

    Reginald Smith, 28, of Jennings, pleaded guilty Thursday in U.S. District Court in St. Louis to three counts of possession of one or more machine guns, one count of unlawfully dealing in firearms and one count of aiding and abetting the distribution of methamphetamine.

    Three others have also admitted their roles in the case. Delance Bland Jr., 20, pleaded guilty to one count of possession of one or more machine guns. Kevin Burrow, 26, of St. Louis, pleaded guilty to one count of possession with intent to distribute fentanyl and cocaine base, one count of conspiracy to distribute methamphetamine, one count of aiding and abetting the distribution of methamphetamine and two counts of distributing methamphetamine. Tamika Patterson, 45, of Jennings, pleaded guilty to one count of conspiracy to distribute methamphetamine and three counts of aiding and abetting the distribution of methamphetamine.

    After learning that Smith was selling machine gun conversion devices (MCDs) on Facebook, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Drug Enforcement Administration and the U.S. Postal Inspection Service began an investigation. MCDs, also known as switches or auto sears, convert a semi-automatic firearm into a fully automatic weapon.

    On Dec. 5, 2023, an undercover ATF agent bought a Glock pistol and two Glock switches from Smith in St. Louis. On December 11, Smith sold another pistol to the agent and introduced him to his mother, Patterson, who said she could sell him meth. On December 13, the agent and Patterson met with Burrow, Patterson’s source of meth, and the agent bought 55.5 grams of the drug. Smith sold the agent a stolen pistol. Smith claimed he and Bland were the main dealers of MCDs in St. Louis, and that they ordered them 10 at a time from China.

    The agent then purchased a total of 35 MCDs in a series of transactions.

    Smith is scheduled to be sentenced on May 15. The machine gun charge carries a penalty of up to 10 years in prison. The unlawful dealing of a firearm charge carries a penalty of up to five years. The aiding and abetting the distribution of meth carries a penalty of up to 20 years.

    Burrow is scheduled to be sentenced March 19, and Patterson’s sentencing is set for May 7. Bland was sentenced to 21 months in prison.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives, the Drug Enforcement Administration and the U.S. Postal Inspection Service investigated the case.  Assistant U.S. Attorney Paul D’Agrosa is prosecuting the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI –

    February 14, 2025
  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on February 14, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 1,50,000
    Total amount of bids received (in ₹ crore) 1,93,363
    Amount allotted (in ₹ crore) 1,50,016
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) 46.98

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2157

    MIL OSI Economics –

    February 14, 2025
  • MIL-Evening Report: Dingoes are being culled in Victoria. How much harm to the species is needed to protect commercial profits?

    Source: The Conversation (Au and NZ) – By Danielle Ireland-Piper, Associate Professor, ANU National Security College, Australian National University

    A Victorian government decision to allow dingo culling in the state’s east until 2028 has reignited debate over what has been dubbed Australia’s most controversial animal.

    Animals Australia, an animal welfare group, has filed proceedings in the Supreme Court of Victoria, challenging the decision. The case is due to be heard this year.

    Announcing the legal action, the group said the eradication program targeted a unique native animal at risk of extinction, and ignored pleas from Traditional Owners who “treasure the dingo as a totem species”.

    The controversy raises a few thorny questions. Are dingoes an important native species or an agricultural pest? And what is the right balance between protecting the species, and protecting the interests of farmers?

    What’s this all about?

    Dingoes are listed as vulnerable in Victoria. This means the species faces a high risk of extinction in the wild over the medium term.

    Dingoes are also protected under Victoria’s Wildlife Act – unless a special order is made to declare them “unprotected”. To date, these unprotection orders have been made when authorities deem it necessary to prevent dingoes from killing livestock.

    An unprotection order means a person can legally kill dingoes in certain areas of private and public land, by trapping, poisoning or shooting.

    Since around 2010, a succession of unprotection orders have allowed dingoes to be killed in various parts of Victoria. The unprotection order now being challenged came into effect on October 1 last year and will continue until January 1, 2028.

    Announcing the decision, Victoria’s Environment Minister Steve Dimopoulos says the government was:

    striking the right balance between protecting our vulnerable dingo populations while giving farmers the ability to protect their livestock, and we will regularly engage to ensure settings continue to achieve this balance.

    Dingoes are not ‘wild dogs’

    DNA studies suggest dingoes have been in Australia for between 4,600 and 18,000 years. Often wrongly described as “wild dogs”, they are [actually descended from south Asian wolves](https://environment.desi.qld.gov.au/wildlife/animals/living-with/dingoes#:~:text=The%20dingo—Australia’s%20only%20native,role%20in%20the%20natural%20environment.Sustainable dingo management (and public sympathies either way).

    Adding to the complications, it can be hard to distinguish between a wild dog and a dingo without DNA testing.

    Dingoes were once widespread across Victoria but are now extinct across most of the state, save for two populations in the state’s north and east.

    Conservationists and scientists fear the extended order in eastern Victoria may push dingoes to local extinction

    The experience in north-west Victoria offers a cautionary tale. There, under a dingo unprotection order, the population dropped to as few as 40 individuals. The local dingo population was deemed “critically low and at risk of extinction”, prompting the government to reinstate dingo protections.

    In eastern Victoria, the dingo population is estimated at between 2,640 and 8,800.

    However in September last year, before the unprotection order in eastern Victoria came into effect, Nationals Member for Gippsland, Tim Bull, claimed 1,500 dingoes were already being killed in the region each year by farmers and others.

    If those figures are correct, it suggests extending the unprotection order until 2028 will devastate the dingo population in eastern Victoria.

    A decline in dingo populations is not just a concern for the species itself – it will have knock-on effects.

    Dingoes are apex predators and research shows they are central to how ecosystems function. They can help control introduced predators such as foxes, feral cats and rabbits. This benefits native animals and plants.

    Is the balance right?

    Given the risks to dingo populations and the broader environment, it’s pertinent to ask if the government decision swings too far towards protecting agricultural production.

    One report suggests within Victoria’s 16 “wild dog management zones” in the 2022–23 financial year, there were more than 1.7 million head of livestock. Of these, 1,455 were confirmed killed by dingoes. While understandably of concern to farmers, this nonetheless represents a tiny proportion of total stock numbers.

    The number of sheep killed by dingoes is also only a fraction of the 14.6 million currently farmed in Victoria. Sheep are not at risk of extinction.

    These numbers suggest the government has not struck the right balance between protecting livestock and ensuing dingo populations survive.

    Considering the rights of Traditional Owners

    When weighing up an unprotection order, a minister must consider how it affects the rights of Traditional Owners.

    In 2023, when deliberating over whether to make an unprotection order in eastern Victoria, the Victorian government stated that for Aboriginal people:

    • dingoes are part of their living cultural heritage

    • the loss of a dingo is akin to the loss of a family member

    • the dingo helps maintain connection to Country

    • some have a totemic and kinship relationship with the dingo.

    The government said while the order would limit Aboriginal people’s rights, this was justified when taking other factors into account.

    The court will decide

    Animal protection group Animals Australia has filed proceedings in the Supreme Court of Victoria, challenging the lawfulness and validity of the unprotection order. Court documents are not yet publicly available.

    Australia does not have a single and consistent animal welfare and protection regime. Instead, protections are fractured between the states. That is why the current challenge to dingo culling is limited to Victoria, even though culling takes place in other states. This illustrates the difficulty in using the law to protect animals at a national level.

    This challenge is part of a broader push to redefine the relationship between humans and animals through what’s known as animal law. In recent years, animal advocates have used various aspects of the law to challenge the gassing of pigs before they are slaughtered, and recreational duck shooting.

    The current case is an important test for how the law balances the needs of humans and animals – and in particular, how much harm is deemed “necessary” at law to protect commercial profit and livelihood.

    Danielle Ireland-Piper 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. Dingoes are being culled in Victoria. How much harm to the species is needed to protect commercial profits? – https://theconversation.com/dingoes-are-being-culled-in-victoria-how-much-harm-to-the-species-is-needed-to-protect-commercial-profits-245759

    MIL OSI Analysis – EveningReport.nz –

    February 14, 2025
  • MIL-Evening Report: Bracing for a monster: Tropical Cyclone Zelia is bearing down on WA. Here’s what to expect

    Source: The Conversation (Au and NZ) – By Steve Turton, Adjunct Professor of Environmental Geography, CQUniversity Australia

    Severe Tropical Cyclone Zelia is bearing down on the northwest coast of Australia and is likely to make landfall early Friday evening.

    It’s a monster storm of great concern to Western Australia. Port Hedland is the largest town in the firing line and also our busiest iron ore export port. Strong winds may extend to other areas along the coast, and inland to areas such as Marble Bar, Tom Price and Paraburdoo.

    Even if Zelia doesn’t hit towns directly, it’s likely to cause a lot of damage. The Bureau of Meteorology predicts extremely dangerous sustained winds of around 205 kilometers an hour and wind gusts higher still, at 290km/h. That’s strong enough to flatten homes, trees, power lines and other infrastructure.

    This is a category five cyclone, which is the most severe possible under the current scale. But as climate change worsens, authorities may need to add another category to the scale.

    Bureau of Meteorology video explaining the threat of Tropical Cyclone Zeila.

    Do we need a category 6?

    Elsewhere in the world, tropical cyclones are called hurricanes or typhoons.

    The severity of a tropical cyclone (or hurricane or typhoon) is ranked in categories from 1 (weakest) to 5 (strongest).

    Category one involves maximum average wind speed of up to 88km/h, and strongest gusts up to 125 km/h. It typically causes negligible damage to homes but may damage crops, trees and caravans.

    Category five, the most severe, is defined as “extremely dangerous”, causing widespread destruction of buildings and vegetation. These cyclones bring maximum average wind speeds greater than 200km/h and gusts greater than 279km/h.

    However, on a warming planet, cyclones are expected to become more intense. It’s also making tropical cyclones and hurricanes intensify more quickly.

    Some scientists have called for a category six for hurricanes, typhoons and cyclones with sustained wind speeds greater than 309km/h. They argue a new category is needed to communicate the risks associated with tropical cyclones fuelled by climate change.

    Bureau of Meteorology video explaining the threat of Tropical Cyclone Zeila.

    Climate change is feeding storms

    It’s too early to say if Cyclone Zelia is directly caused, or fuelled, by climate change. However, research over the last 30 years has found a link between global warming and more intense tropical cyclones.

    Globally, 2024 was Earth’s warmest year on record. Ocean heat content is increasing around most tropical seas, and other places where tropical cyclones are forming.
    Warmer oceans, and a warmer atmosphere, both feed energy into tropical cyclones, making them more intense and fast-forming when conditions are favourable.

    Zelia intensified from a category one into a five in just over 24 hours.

    Australia is currently experiencing record-breaking sea surface temperatures. The area off the northwest coast has been up to 4-5°C above normal this summer.

    Hurricane Milton, which struck the United States in October last year, also shows how climate change is making tropical cyclones worse. Amid very warm ocean temperatures, it intensified rapidly over the Gulf of Mexico to a category five hurricane.

    We can expect more of these severe cyclones in future, if humanity keeps warming up the oceans and the atmosphere.

    Slow is not good

    Climate change is slowing the forward motion of tropical cyclones over the ocean and land. That means they take longer to cross the coast and pass through an area – inflicting more damage from wind and storm surge, and dumping more rain.

    The Bureau of Meteorology says Cyclone Zelia’s “forward speed” is quite slow, at 11km/h. So, heavy rain and the strong winds will persist for quite a few hours before and after it crosses the coast.

    The strongest winds of a tropical cyclone are usually near the eye, but can extend for hundreds of kilometres. Sometimes, winds on opposite sides of the eye blow in different directions, causing destruction on the ground which damages buildings, infrastructure, farmland and the environment.



    Conditions on the ground

    At the moment around Port Hedland, winds are about 70-100km/h and rising. That’s gale force but not too alarming. Conditions will rapidly deteriorate into this afternoon, particularly to the east of Port Hedland.

    The storm has already dropped a lot of rain. This has caused local flooding and cut rail lines. But there’s more to come.

    The Bureau of Meteorology is also warning of a significant storm tide – when sea levels rise well above a typical high tide. This may lead to flooding and inundate coastal roads and properties.

    The cyclone will continue to trek inland over the weekend, gradually weakening as it goes. People in mining and Indigenous communities hundreds of kilometres inland could experience strong winds, heavy rain and flooding.

    The bureau is providing regular updates online. For those in the path of the cyclone visit www.emergency.wa.gov.au or download the Emergency WA app for the latest community alerts and warnings.

    Steve Turton has received funding from the Australian government.

    – ref. Bracing for a monster: Tropical Cyclone Zelia is bearing down on WA. Here’s what to expect – https://theconversation.com/bracing-for-a-monster-tropical-cyclone-zelia-is-bearing-down-on-wa-heres-what-to-expect-249947

    MIL OSI Analysis – EveningReport.nz –

    February 14, 2025
  • MIL-OSI New Zealand: Universities – Hon. Carmel Sepuloni talks Celebrity Treasure Island and imposter syndrome on return to University of Auckland

    Source: University of Auckland (UoA)

    New Zealand’s first Pacific Deputy Prime Minister Hon. Carmel Sepuloni returned to the place that became the catalyst for her political career, Waipapa Taumata Rau, the University of Auckland.

    Accompanied by fellow alumnus Labour MP Hon. Shanan Halbert, she spoke with a cohort of Māori and Pacific school leavers on 10 February as a guest of Unibound, the summer academic enrichment programme designed to ease students into university life.
     
    Despite having risen to the highest ranks of political life the Deputy Leader of the Opposition says she much prefers talking policy rather than sharing her own story.
     
    “It’s probably one of the most uncomfortable things to do. I’d much rather talk about policy and politics than my personal backstory. But I think it’s really important to come back here and talk to the students.”
     
    As a highly experienced politician Sepuloni (Samoa, Tonga and Pākehā) is used to Question Time. However it was likely her first Q&A session including questions about her time on Celebrity Treasure Island. In particular the challenge with media personality Gabby Solomona where both held a block together using only their feet.
     
    “Of course I got asked some questions about Celebrity Treasure Island and the challenge with Gabby and what that meant, and I could speak to the importance of that ‘duty of care’ we have to each other as part of being Pacific people, and how sometimes we will actually achieve more out of working with a sense of obligation to someone else, as opposed to just our own individual pursuits.”
     
    Sepuloni studied at the Auckland College of Education and later gained a Bachelor of Education and Diploma of Primary School Teaching with the University of Auckland. She also ran the University’s Tuakana programme as Equity Manager with the Faculty of Arts for five years, working predominantly with Māori and Pacific undergraduate students.
     
    “This was so very close to my own heart and also a catalyst for what got me into politics in the first place,” she says of her passion that also extended to working with youth who had fallen out of the schooling system.
     
    “It was my passion for education, for our Pacific community. My first hand witness to the inequities that exist for us as Pacific people in the education system.  And so I will always take up the opportunity to come back to the University of Auckland, particularly to see our Pacific students.”
     
    As well as the numerous questions about politics, the discussion turned to Imposter syndrome and Sepuloni was able to cast back to more than three decades ago when she was an undergraduate student at the University and the first in her family to venture into the tertiary space.
     
    “We talked about imposter syndrome and I mentioned that I actually had it as an undergrad student, because I was the first in my family, like many of them, to come to university.
     
    “So the space and the environment was quite unfamiliar and scary for me to start with. We talked about imposter syndrome in that setting, but I said that for many of us that are brown and women, that it’s something that that we may carry for life, but it isn’t necessarily to the same extent.”
     
    Speaking with the young audience, Sepuloni realised there were many shared similarities but was aware that time and progress had a made a difference.
     
    “I guess the thing that I’m cognizant of is these kids are so much younger than me.
    I’m standing there talking to them, and I realize that I could be their mother, reflecting and realizing it’s nearly been 30 years since I was a first-year university student. So I’m really mindful that despite the fact we’ll have some similarities and experience, and that some things haven’t changed that much, there is still, you know, a huge amount of difference between us.”
     
    Pro Vice-Chancellor Pacific Professor Jemaima Tiatia-Siau says having the Leader of the Opposition and the country’s first former Pacific female Deputy Prime Minister was an invaluable experience for the Unibound school leavers to realise what the future could hold in store for them.
     
    “This was an invaluable experience for our young people to be in the same room as the Hon. Carmel Sepuloni; the opportunity to ask her about her journey and the steps she took toward her accomplishments, it has made a great impression and given them motivation as they set out on the start of their tertiary journey.”
     
    Professor Tiatia-Siau also acknowledged ethnomusicologist and lecturer Sharon Televave along with UniBound acting manager Sara Toleafoa for bringing Sepuloni back to the University.
     
    “Vā Fealoa’i is a Samoan concept, which is about relationality. Similarly, Tauhi Vā is a Tongan concept about relationality. Nurturing vā or relationships, is essential in Pacific cultures, this made it seamless for us to contact the Hon Carmel Sepuloni, says Sharon Televave.
     
    As an alumni and former staff member of the University, Televave was hopeful the visit would plant seeds to empower our Pacific students about to embark on their academic journeys.

    MIL OSI New Zealand News –

    February 14, 2025
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