Blog

  • MIL-OSI Europe: Written question – Commission’s usurpation of right to assess the integrity of electoral processes in Member States – E-000284/2025

    Source: European Parliament

    Question for written answer  E-000284/2025
    to the Commission
    Rule 144
    Piotr Müller (ECR)

    During the debate on enforcing the Digital Services Act to protect democracy on social media platforms, Commissioner Henna Virkkunen stated that there were groups in the Commission looking into the influence of social media and social media operations on the integrity of Romania’s elections, as well as a group looking into electoral integrity in countries with upcoming elections.

    • 1.Who created these groups, determined their structure and decided who would work in them?
    • 2.Who is part of these groups (names and roles) and on whose recommendation were they appointed?
    • 3.On what legal basis is the Commission usurping the right to assess the integrity of the electoral process (the fair promotion of candidates) in Member States, and how will these groups assess whether social media operations have influenced or could influence the election results in a Member State?

    Submitted: 22.1.2025

    Last updated: 4 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Regulation of digital ride-hailing and home delivery platforms to protect consumers – E-000248/2025

    Source: European Parliament

    Question for written answer  E-000248/2025
    to the Commission
    Rule 144
    Andi Cristea (S&D)

    EU citizens are experiencing considerable problems on ride-hailing and home delivery platforms:

    • 1.Drivers confirm rides but fail to arrive. They deliberately force customers to cancel rides in order to pocket penalty charges, meaning that consumers lose time and money. Such practices go unpunished and there is no effective way for customers to even report them.
    • 2.Customers have no access to direct support in the event of problems, such as a telephone number for swiftly resolving issues.
    • 3.There are no – or insufficient – safety checks on drivers and deliverers, which endangers users and diminishes trust in these platforms.

    This situation calls for the implementation of new pieces of primary legislation.

    Will the Commission therefore:

    • 1.Bring forward new legislative measures, or update the existing framework, to oblige ride-hailing and home delivery platforms to provide direct and swift support to consumers?
    • 2.Manage effectively the introduction of clear-cut penalties for abusive practices and malpractice by drivers?
    • 3.Require by means of Community legislation that rigorous checks, including of police records, be conducted for all drivers and deliverers operating on these platforms?

    Submitted: 21.1.2025

    Last updated: 4 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Latest news – Next meeting of the FEMM Committee: 18 February 2025 – Committee on Women’s Rights and Gender Equality

    Source: European Parliament

    The next meeting of the Committee on Gender Equality and Women’s Rights will take place on:

    • 18 February 2025 from 10.00 – 12.30 and 15.00 – 18.30 in room ANTALL 4Q1

    FEMM Committee meetings calendars
         2024
         2025
         FEMM Bureau and Coordinators
    FEMM work in progress
         FEMM work in progress (updated 12/11/2024)

    Source : © European Union, 2024 – EP

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Thierry Breton’s appointment to the Bank of America advisory council – E-000275/2025

    Source: European Parliament

    Question for written answer  E-000275/2025
    to the Commission
    Rule 144
    Paolo Inselvini (ECR), Alessandro Ciriani (ECR), Carlo Fidanza (ECR), Nicola Procaccini (ECR), Ruggero Razza (ECR), Michele Picaro (ECR), Alberico Gambino (ECR), Francesco Ventola (ECR), Sergio Berlato (ECR), Elena Donazzan (ECR), Daniele Polato (ECR), Francesco Torselli (ECR), Marco Squarta (ECR), Carlo Ciccioli (ECR), Stefano Cavedagna (ECR)

    The former European Commissioner for the Internal Market, Thierry Breton, has recently taken up a consultative role on Bank of America’s global advisory council. His appointment was approved by the Commission which, in spite of the requisite two-year waiting period for former commissioners, appeared to deem it consistent with EU ethics rules.

    The case is a concerning one, not least given the sensitive nature of Mr Breton’s Commission portfolio, his possible impact on EU policies, the influence that some major financial institutions may have wielded over the Commission in the past, and the obligation incumbent on the EU to uphold transparency and integrity.

    In view of the above:

    • 1.On the basis of what criteria did the Commission deem Mr Breton’s advisory role with Bank of America to be consistent with EU ethics rules, including the two-year waiting period?
    • 2.How could the Commission strengthen oversight measures to ensure that former commissioners do not take up roles liable to undermine trust in the impartiality of the EU institutions?
    • 3.What specific steps could it take to review the existing rules and prevent such cases from compromising the integrity and transparency of the EU?

    Submitted: 22.1.2025

    Last updated: 4 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Thierry Breton, Bank of America advisor – E-000255/2025

    Source: European Parliament

    Question for written answer  E-000255/2025
    to the Commission
    Rule 144
    Virginie Joron (PfE)

    According to reports in the Le Figaro newspaper[1], the Commission has given its approval to former Commissioner (2019-2024) Thierry Breton to join Bank of America’s global advisory council. He will perform this role three days a year (and will not be a member of staff or receive a salary[2]).

    It is highly symbolic, as Thierry Breton was one of the Commission’s few champions of European strategic autonomy. One can hardly imagine General de Gaulle wanting to work for Bank of America.

    Thierry Breton is the former CEO of French digital and security giant Atos, which is currently in deep trouble. Atos says it received more than EUR 12 million from the Commission in 2023[3] and a cyberdefence contract in 2024[4].

    In 2021, the Commission imposed a EUR 371 million fine on the Bank of America and a number of banks for forming a cartel on EU government bonds. Bank of America’s fine was eventually waived, however[5]. Bank of America bought and sold millions of shares in Atos in 2024[6].

    • 1.What remuneration, allowances or benefits has Thierry Breton declared for three days’ work for Bank of America in 2025 in order to receive the Commission’s approval?
    • 2.Does the recruitment of a former Commissioner by a bank fined by the Commission damage the institution’s reputation?

    Submitted: 21.1.2025

    • [1] https://www.lefigaro.fr/societes/l-ex-commissaire-europeen-thierry-breton-va-integrer-le-conseil-consultatif-international-de-bank-of-america-20250116; https://urlr.me/yVK95r; Article 245 of the Treaty on the Functioning of the European Union states that when entering upon their duties, Members of the Commission give a solemn undertaking to respect their duty to behave with integrity and discretion as regards the acceptance, after they have ceased to hold office, of certain appointments or benefits. https://urlr.me/xHfVQM
    • [2] Thierry Breton said on 21 January 2025 that he would not be a member of staff or receive a salary; https://x.com/SudRadio/status/1881612253717237932
    • [3] https://www.lobbyfacts.eu/datacard/atos-se?rid=249876817241-03
    • [4] https://urlr.me/4GRVmS; https://ec.europa.eu/newsroom/informatics/items/28799/en
    • [5] https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2565
    • [6] https://urlr.me/XqFNCc; https://urlr.me/QuzKkE; In 2009, Bank of America received USD 120 billion from the US Government; https://urlr.me/GzD8Yf
    Last updated: 4 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Competitiveness of the European coking industry – E-000264/2025

    Source: European Parliament

    Question for written answer  E-000264/2025
    to the Commission
    Rule 144
    Mirosława Nykiel (PPE)

    One of the Commission’s main priorities, as set out in its political guidelines, is ensuring the competitiveness of European industry.

    Many sectors, including the coking sector, are facing unfair competition from global players, as is the case with Jastrzębska Spółka Węglowa. In 2023 alone, Indonesia’s coking coal exports increased by over 400%, seriously disrupting the European market.

    In light of the above:

    • 1.How will the Commission learn from its mistake in relying too heavily on Russian gas and prevent Europe from becoming reliant on imports of a strategic raw material that is essential for steel production, including in the context of industrial security and defence?
    • 2.What specific measures will the Commission take to protect the European market and local jobs in the context of the dire situation of European coking factories caused, among other things, by unfair competition from Indonesia and China?
    • 3.Considering that European coking factories, including Polish factories, adhere to strict environmental standards, in stark contrast to the very different approach to environmental protection in the Far East, what action will the Commission take to ensure the competitiveness of the European market, while also protecting the environment and ensuring high ecological standards?

    Submitted: 22.1.2025

    Last updated: 4 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Use of public funds for environmental lobbying – P-000317/2025

    Source: European Parliament

    Priority question for written answer  P-000317/2025
    to the Commission
    Rule 144
    Mathilde Androuët (PfE), Jordan Bardella (PfE), Christophe Bay (PfE), Marie-Luce Brasier-Clain (PfE), Valérie Deloge (PfE), Mélanie Disdier (PfE), Anne-Sophie Frigout (PfE), Jean-Paul Garraud (PfE), Julien Leonardelli (PfE), Aleksandar Nikolic (PfE), Philippe Olivier (PfE), Gilles Pennelle (PfE), Pascale Piera (PfE), Julie Rechagneux (PfE), André Rougé (PfE), Malika Sorel (PfE), Pierre-Romain Thionnet (PfE), Rody Tolassy (PfE), Alexandre Varaut (PfE)

    It has been reported[1] that the Commission has funded environmental organisations, including those supported by former Commissioner Frans Timmermans in connection with the Nature Restoration Law. Subsidies amounting to EUR 700 000 have reportedly been used to steer the public debate towards the greenest positions. This funding raises questions about the use of public funds and compliance with the principles of transparency and ethics.

    Swift clarification is essential to ensure the proper use of public funds and restore citizens’ trust in the European institutions. In this regard:

    • 1.Can the Commission confirm whether public subsidies have been used to encourage organisations to lobby for its own legislative proposals, and if so, to what extent?
    • 2.What measures have been taken to prevent public funds from being used for indirect lobbying, in particular through the LIFE programme, which promotes green laws?
    • 3.How does the Commission ensure transparency and impartiality in the award and use of subsidies allocated to organisations carrying out lobbying activities?

    Supporters[2]

    Submitted: 24.1.2025

    • [1] Lobbyschandaal in Brussel: EU betaalde milieuclubs in het geheim voor promotie van groene plannen Timmermans – Alexander Baaker – De Telegraaf – 22 January 2025.
    • [2] This question is supported by Members other than the authors: Fabrice Leggeri (PfE), Matthieu Valet (PfE), Séverine Werbrouck (PfE)
    Last updated: 4 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – EU interference in Romanian political affairs – E-000256/2025

    Source: European Parliament

    Question for written answer  E-000256/2025
    to the Commission
    Rule 144
    Jean-Paul Garraud (PfE)

    On 6 December 2024, the Romanian Constitutional Court invalidated the outcome of the first round of the presidential election on the grounds of alleged electoral violations and foreign interference. This has sparked institutional chaos and mass demonstrations, with citizens denouncing the cancellation of the ballot and viewing this decision as a disguised coup d’état aimed at keeping a pro-EU government excluding a proportion of the Romanian people in place in the country,

    Many Romanian citizens accuse the European Union, and Commission President Ursula von der Leyen in particular, of wanting to impose pro-European leaders while marginalising opposition movements.

    This state of affairs raises serious questions as to respect for national sovereignty and the credibility of the European institutions.

    • 1.How can the Commission justify its increasing involvement in the internal democratic processes of certain Member States, flying in the face of the principle of subsidiarity?
    • 2.What arrangements does it intend to put in place to ensure that the European institutions do not interfere in the sovereign decisions of the Member States, particularly in electoral matters?
    • 3.Does it acknowledge that such perceived meddling may exacerbate public distrust of the European Union and fuel social tensions?

    Submitted: 21.1.2025

    Last updated: 4 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Empa Young Scientist Fellowship: Young researcher sheds light on quantum molecules

    Source: Switzerland – Federal Administration in English

    Empa researcher Eve Ammerman wants to bring quantum technologies one step closer to application by combining quantum effects with light. This should enable future quantum-based devices to communicate better with existing technologies. Her research project is being supported with a two-year Empa Young Scientist Fellowship.

    MIL OSI Europe News

  • MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – RENEWI PLC – Ordinary Shares

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
       
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree
    Renewi PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    03 February 2025  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”
    N/A  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 100p ordinary (GB00BNR4T868)  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 2,287,078 2.84 %      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 2,287,078 * 2.84 %      
    * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 7,989 shares that are included in the total above.  
       
    All interests and all short positions should be disclosed.

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

     
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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

     
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    100p ordinary (GB00BNR4T868) Purchase 25,067 8.0113 GBP  

    Please note, there were net transfers in of 5,886

     
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (b) Agreements, arrangements or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 04 February 2025  
    Contact name Thomas Hone  
    Telephone number +44 20 3033 3419  
       

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

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

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

    The MIL Network

  • MIL-OSI Economics: Healthcare companies may be neglecting environmental responsibilities in AI push, says GlobalData

    Source: GlobalData

    Healthcare companies may be neglecting environmental responsibilities in AI push, says GlobalData

    Posted in Medical Devices

    Since US President Trump’s first day in office, he has been rolling back environmental responsibilities, marked by withdrawing the US from the Paris Climate Agreement, which set out guidelines for developed countries to support efforts of developing countries to build clean, climate-resilient futures through financial and technological support. The recent developments in the US may result in the lack of pressure in implementing environmental initiatives, and many healthcare companies may be neglecting them at a time when there is an increased focus on usage of artificial intelligence (AI) in the sector, says GlobalData, a leading data and analytics company.

    According to GlobalData’s “Strategic Intelligence: ESG Sentiment Polls Q4 2024,” 45% of respondents indicated that the primary reason a company would set up an environmental, social, and governance (ESG) performance plan would be because of legislation and pressure from the government. In the absence of any pressure from the governments, positive environmental initiatives, especially ESG, will be lost.

    Selena Yu, Senior Medical Analyst at GlobalData, comments: “With most ESG survey respondents in Q4 2024 indicating that not only is ESG performative in their companies but also that ESG initiatives are typically placed due to government pressures, it’s vital that healthcare companies mitigate negative environmental impacts. The basis of it is to provide healthcare companies exceptional, innovative care to patients. This overlaps greatly with the impacts of a warming global climate like limiting access to clean water, increased air pollution, and decline in agricultural diversity. Healthcare extends outside of the hospital, as preventative and follow-up care is essential for patients.”

    The developments in the US also come during a time of increased AI initiatives and growth in healthcare with an estimated $1 trillion market worth by 2030, according to GlobalData’s thematic report “Artificial Intelligence in Healthcare (2024)”.

    According to the International Energy Agency (IEA) 2024 report, global AI energy demand is expected to increase to at least 10 times the current level by 2026. Additionally, clean water is required to cool down the processors used for AI. Combined with the rising global temperature, scarcity of clean water, and decreased environmental sentiments in the US government, it’s vital that companies take initiatives to balance AI usage to future healthcare advancements with environmental impact.

    AI has many advantages in healthcare, from choosing the best treatment for patients and optimizing patient triage in emergency care to improving manufacturing capabilities to limit waste and optimizing storage. But it’s vital to balance AI-led innovation with environmental impact, as current methods to mitigate carbon emissions, for example, have not been successful.

    Yu continues: “Tech leaders like Google, Meta, and Microsoft have promised to replenish the clean water they used for their AI usage, but how feasible is that with clean water being a limited resource. This ties us back to how most global survey respondents in Q4 2024 believe company ESG plans are performative. The decision to prioritize environmental initiatives is a difficult battle to fight. I believe most stakeholders are putting increased company revenue over ESG because they don’t see the innate benefit to it. This is a dated way of strategizing, as overall company success should go hand in hand with environmental protection.”

    Healthcare companies need to position themselves as the spearheads of balancing environmental responsibilities and AI-led innovation. With the health of the overall ecosystem directly correlated to patient health, it is in their best interest to be contributing to patient health outside of the clinic.

    Yu concludes: “There are many options for patient-facing bodies and healthcare companies to balance the needs of patients using AI for personalized care and spearheading the importance of incorporating strong environmental policies into manufacturing practice. It’s really a cycle, the decline in healthy foods due to changes in climate impacting farming and decreased air and water quality will directly be seen in the overall population being less healthy, which goes back into our healthcare systems.”

    MIL OSI Economics

  • MIL-OSI Economics: US startups secure over half of high-value VC deals announced globally during 2024, finds GlobalData

    Source: GlobalData

    US startups secure over half of high-value VC deals announced globally during 2024, finds GlobalData

    Posted in Business Fundamentals

    The US maintained its dominance in the global venture capital (VC) landscape in 2024, securing over half of all high value* deals. With a commanding 56.6% share by high-value VC deal volume and 64.5% by value, the US significantly outpaced other markets, underscoring strong investor confidence in its startup ecosystem amid the evolving economic conditions and shifting global investment trends, according to GlobalData, a leading data and analytics company.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The US-based startups attracting big-ticket deals showcases the solid confidence VC investors have in the country’s startup ecosystem. It is also noteworthy that the US was distantly followed by China, which accounted for 12.3% and 14.4% share of high-value VC deal volume and value, respectively, during 2024.”

    An analysis of GlobalData’s Deals Database revealed that the US saw the announcement of 291 high-value VC deals during 2024 while the total value of these deals stood at $92 billion. Meanwhile, a total of 63 high-value VC deals worth $20.6 billion were announced in China during the same period.

    Bose adds: “Of the top 10 countries by high-value VC deals volume in 2024, two were from North America while Europe and the Asia-Pacific region had four countries each.”

    The UK occupied the third position by high-value VC deals volume in 2024, followed by Germany, India, Canada, Singapore, France, Japan and Switzerland.

    Bose concludes: “The concentration of high-value VC deals in a few key markets highlights the evolving dynamics of global venture funding. While the US continues to dominate, the presence of multiple European and Asia-Pacific countries in the top rankings signals a broader diversification of investor interest, driven by innovation and emerging growth opportunities worldwide.”

    * ≥ $100 million

    MIL OSI Economics

  • MIL-OSI Economics: Areteia’s dexpramipexole holds potential to redefine respiratory health, says GlobalData

    Source: GlobalData

    Areteia’s dexpramipexole holds potential to redefine respiratory health, says GlobalData

    Posted in Pharma

    During the J.P. Morgan 43rd Annual Healthcare Conference in January 2025, Areteia Therapeutics’s CEO, Jorge Bartolome, presented a detailed review of its achievements in 2024 and outlined its 2025 plans to advance innovation in the respiratory space with its flagship candidate dexpramipexole dihydrochloride, the first oral therapy targeting eosinophilic asthma. With multiple ongoing clinical trials and a strategic focus on regulatory approvals, Areteia could be well-positioned to transform the treatment landscape for severe respiratory diseases, according to GlobalData, a leading data and analytics company.

    Sravani Meka, Senior Pharmaceutical Analyst at GlobalData, comments: “The current treatment landscape for severe asthma is primarily biologics, which are either administered intravenously or subcutaneously. With the Phase 3 program one step closer to reaching study completion, if approved, dexpramipexole can transform the treatment landscape by addressing unmet needs for patients facing barriers to injectable treatments.”

    A major focus of the presentation was the progress of the EXHALE program, dexpramipexole dihydrochloride’s pivotal trials. Significant advancements have been made in the Phase 3 asthma trials (EXHALE-2, EXHALE-3, and EXHALE-4), with EXHALE-4 now fully enrolled and top-line results expected in Q3 2025.

    Additionally, the SUSPIRE-1 trial, investigating dexpramipexole’s potential in COPD, is also fully enrolled, with data readouts anticipated later in 2025. Bartolome also highlighted dexpramipexole’s strong differentiation within the competitive landscape. Data from Phase 2 trials demonstrated biologic-like efficacy, including significant reductions in blood eosinophils and notable improvements in lung function (FEV1).

    Meka adds: “Despite the progress in the Phase 3 program, Areteia faces increasing competition, particularly from established biologic therapies by GSK and AstraZeneca. Its success hinges on achieving strong clinical data, rapid regulatory approvals, and effective market positioning. Anticipated trial results later this year will be critical in determining whether dexpramipexole can meet the unmet needs of patients and disrupt current treatment paradigms.”

    Bartolome also offered a forward-looking perspective on Areteia’s mission to revolutionize respiratory care. Backed by $425 million in Series A funding and a seasoned leadership team, the company is poised to address significant medical and economic challenges in asthma and COPD. With dexpramipexole at the forefront, Areteia aims to drive innovation and expand its pipeline to deliver life-changing therapies for patients worldwide.

    Meka concludes: “While Areteia’s funding rounds have proved to be successful, positive trial results in 2025 could attract collaborations for co-development, licensing, or commercialization, leveraging Areteia’s innovation to address unmet needs in asthma and COPD. Strategic alliances could accelerate global market reach and pipeline expansion, solidifying Areteia’s leadership in respiratory care.”

    MIL OSI Economics

  • MIL-OSI Economics: ESG will remain core focus in tech during 2025, but fragmented by geography and company culture, says GlobalData

    Source: GlobalData

    ESG will remain core focus in tech during 2025, but fragmented by geography and company culture, says GlobalData

    Posted in Technology

    Environmental, social, and governance (ESG) remains an issue of strategic importance to the tech industry, despite ongoing fragmentation by geography and company culture, with the election of Donald Trump as the US president accelerating a period of short-term opportunistic push-back, says GlobalData, a leading data and analytics company.

    Robert Pritchard, Principal Analyst, Enterprise Technology & Services at GlobalData, says: “In 2024, GlobalData correctly forecast that tech companies would still see ESG as a core strategic issue. This has been underlined by improved observability, and increasingly aligned ESG and financial reporting.”

    GlobalData Tech-Enabled ESG analytical forecasts for 2024 highlighted the impact of artificial intelligence (AI) on the market both as a drain on natural resources, and as part of the solution to address sustainability challenges. This year, GlobalData has observed that the latest generation of network equipment is often 80% to 90% more energy efficient than legacy kit.

    Pritchard adds: “GlobalData also foresaw the twin trends of ESG being used as a differentiator by tech companies, and a closer alignment with financial reporting – driven both by regulation and commercial imperatives. This, as predicted, has meant a growing association of cost savings and improved productivity as a result of ESG initiatives.”

    Pritchard continues: “The Trump impact will see different speeds and priorities by geography when it comes to sustainability, but the overall direction of travel will outlast a four-year presidential period – enterprises think strategically, and while some may exploit short-term climate change denying opportunities, their customers, employees, and regulators will continue to recognize the importance of addressing the climate crisis.”

    Pritchard concludes: “The other major theme we see in enterprise ESG through 2025 is its extension into the small/medium-sized business (SMB) market. This reflects growing customer demand and the ongoing refocus of tech service providers on smaller businesses as the engine of economic – and therefore their own commercial – growth.”

    MIL OSI Economics

  • MIL-OSI Video: DRC: Survivors of Sexual Exploitation – Victims’ Rights Advocate | United Nations

    Source: United Nations (Video News)

    During her visit to the Democratic Republic of the Congo, UN Victims’ Rights Advocate Najla Nassif Palma engaged directly with survivors of sexual exploitation and abuse by UN personnel to ensure their voices are heard and their rights prioritised.

    https://www.youtube.com/watch?v=myNvB3yXDZQ

    MIL OSI Video

  • MIL-OSI Video: China: Security Council President for February 2025 – Press Conference | United Nations

    Source: United Nations (Video News)

    Press Conference: Ambassador Fu Cong, Permanent Representative of China and President of the Security Council for the month of February 2025.

    https://www.youtube.com/watch?v=xwjK9cimDPk

    MIL OSI Video

  • MIL-OSI Europe: The EBA publishes its draft final technical standards on reporting of data on charges for credit transfers and payments accounts, and shares of rejected transactions

    Source: European Banking Authority

    The European Banking Authority (EBA) today published its final draft Implementing Technical Standards (ITS) on reporting of data on charges for credit transfers and payments accounts, and shares of rejected transactions. The ITS deliver on the mandate in the Instant Payment Regulation (IPR) amending the SEPA Regulation, and aim at standardising reporting from banks, payment institutions and e-money institutions (i.e. Payment Service Providers – PSPs) to their National Competent Authorities. The reported data will help to ensure consumers benefit from access to instant credit transfers, and that the latter are no longer more expensive than regular credit transfers. Following its public consultation, the EBA has postponed the first harmonised reporting from PSPs by 12 months, from April 2025 to April 2026.

    The ITS specify uniform reporting templates, instructions, and methodology for the purpose of reporting of charges for credit transfers, payment accounts and shares of rejected transactions due to the application of the EU sanctions regime.

    In developing the ITS, the EBA has sought to find the appropriate balance between the competing aims of obtaining the data required for a robust analysis of the impact of the amended SEPA Regulation on the pricing of payment accounts and credit transfers, and the shares of rejected transactions, on the one hand, and the need to avoid an excessive reporting burden for the industry on the other.

    The ITS will also support the European Commission in monitoring whether consumers benefit from access to instant credit transfers, and that instant credit transfers are not more expensive than regular credit transfers.

    As part of reducing the burden on the industry, and in response to comments received to the consultation, the draft final ITS postpone the deadline set in the amended SEPA Regulation for the first harmonised reporting by 12 months, to April 2026, and the subsequent reporting from the National Competent Authorities to the EBA and the European Commission to October 2026. The additional 12 months will provide sufficient time for the European Commission to adopt the EBA’s final draft ITS, and for the EBA to develop the taxonomy, datapoint model and validation rules, which the industry then needs to implement. Until the first reporting, National Competent Authorities should deprioritise collecting data from the PSPs, discourage institutions from providing unharmonised reporting prior to the availability of the EBA’s taxonomy, datapoint model and validation rules, and not take enforcement action in relation to PSPs that do not report in 2025.

    Legal basis, background and next steps

    Article 15(5) of the SEPA Regulation stipulates that “The EBA shall develop draft implementing technical standards to specify uniform reporting templates, instructions and methodology on how to use those reporting templates for the purposes of reporting as referred to in paragraph 3. 

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Salford City Council confirms new Interim Executive Director for Children’s Services

    Source: City of Salford

    Salford City Council has confirmed that Becky Bibby has been appointed as the new interim Executive Director for Children’s Services. She will begin her new role from Monday 3 February.

    She will take up the position following a recent internal recruitment process, with the position being vacated by Melissa Caslake, who has now been appointed as Interim Chief Executive, following the departure of Tom Stannard. Both positions are significant statutory roles, with the appointments bringing continuity to the organisation and ensuring that the council fulfils its statutory responsibilities. 

    Becky joined Salford City Council in 2009, initially as Education and Childcare Strategy Manager for Children’s Services Early Years. Since then, she has also been Head of Service for Starting Life Well and Helping Families, before her current role as Director for Early Help and School Readiness. Prior to joining Salford City Council, she started her career initially as a Nursery Nurse, before taking up a role in Children’s Services at Tameside Council.  

    Her focus will now be on achieving UNICEF accredited Child Friendly City status for Salford, guiding the service through possible upcoming inspections and a key piece of work around lobbying for SEND educational provision in the city. 

    As part of the vision to creating a fairer, greener, healthier and more inclusive city as outlined in the council’s corporate plan This is our Salford, there is a commitment to prioritise support for children and young people. This includes a focus on educational improvement and children and young people’s development. 

    Recent activity to support this includes the development of a Literacy Hub, bringing the Dolly Parton Imagination Library to Little Hulton and the new soon-to-be completed Youth Zone. In addition, the council has retained Youth Service provision and the five Salford Family Nurseries it operates, it is currently reviewing its Local Cultural Education Partnerships (LCEP) and is developing a new a sports and leisure strategy for the city, with children and young people at its heart.

    Paul Dennett, Salford City Mayor, said: “I’m delighted to welcome Becky into this role. Since joining Salford City Council, she has worked tirelessly to champion the needs of children and young people, with a focus on support for early intervention and prevention for children, young people, and families. She has successfully led integrated locality-based children, young people and families’ resources and functions that deliver effective early help and early years services across the city.

    She has led the improvements to Salford Families Nurseries and plays a key role in our ambition to become a UNICEF accredited Child Friendly City. She is also an integral part of the management team which received a successful OFSTED inspection, with the service being rated as ‘good’ with ‘outstanding’ leadership and care leaver support. 

    Melissa Caslake, Interim Chief Executive at Salford City Council added “Becky has a great affinity with the council, the city and its children and young people. with over 15 years of experience and service to our city, she brings a wealth of knowledge to the position and an understanding of the continued work required to deliver quality services to our children and young people as well as the challenges the service faces.” 

    New Interim Executive Director for Children’s Services, Becky Bibby said “This is a huge honour to be taking up this position and working to support and champion the needs of Salford’s children and young people. I am committed to building on the great work we have already developed across the service, and I look forward to working alongside Melissa Caslake, elected members and with colleagues to ensure we support our city’s youngest and most vulnerable residents.”

    Share this


    Date published
    Tuesday 4 February 2025

    Press and media enquiries

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UK government seeks out quantum industry experts for advisory board to accelerate deployment of game-changing technology

    Source: United Kingdom – Government Statements

    Key specialists are being called upon to join a board advising the UK government in seizing the transformative potential of quantum technologies today.

    • UK’s leadership on breakthrough quantum tech celebrated as the International Year of Quantum begins today
    • DSIT is looking for experts from industry and academia to advise on how to further accelerate the benefits of quantum for the UK
    • UK delegation, led by National Technology Advisor Dave Smith, will visit the UNESCO HQ in Paris to celebrate 100 years of quantum breakthroughs and the subsequent benefits, from drug discoveries to boosts in cybersecurity

    Key specialists are being called upon to join a board advising the UK government in seizing the transformative potential of quantum technologies today (Tuesday 4 February).  

    An Expression of Interest (EOI) has now launched for new members to join DSIT’s Quantum Strategic Advisory Board (SAB).  

    The recruitment push comes as a UK delegation is set to fly the flag for British quantum at a global event in Paris celebrating quantum’s remarkable impact on the world in the past century. 

    With at least 160 companies active up and down the country, the UK is home to the second largest quantum sector globally, strongly supported by investment from the public and private sectors. 

    To raise awareness of how quantum innovations are improving our lives by driving growth, creating jobs and delivering breakthroughs in fields like healthcare, UK officials, led by the National Technology Advisor, will mark the start of the International Year of Quantum in Paris today. 

    The event, convened by UNESCO, marks 100 years since the initial development of quantum mechanics, and brings together the leading lights in the field from across the entire world to exchange ideas and showcase best practices in quantum science education, research and industry applications.   

    Quantum technologies harness the unique properties of subatomic particles to process information and solve pressing problems in a new way. New innovations in quantum, such as improved health diagnostics and future proofing cyber security to make our streets safe, will help drive the government’s Plan for Change.   

    To seize the potential of this technology and support the UK’s vision to be a leading quantum-enabled economy, DSIT is expanding and bolstering its Quantum Strategic Advisory Board.  

    UK Science Minister Lord Vallance said:  

    Joining the Quantum Advisory Board is a great opportunity for those who understand the potential of quantum best to help harness the benefits of quantum for the economy and society.

    This government restates its commitment to quantum science and technology and the advice of the Board will be invaluable as we continue to play a key role in ensuring the UK maintains its leadership in this area.

    UK National Technology Advisor, Dave Smith said: 

    It’s only right that in 2025 we are celebrating quantum’s transformative potential. From telecommunications to improved medical imaging, quantum science and technology has been central to the groundbreaking innovations of this century.

    The future innovations that could emerge from this technology will help us to benefit from the enlightened combination of long-term partnership from academia, government and the private sector. They will benefit all of us in our daily lives and grow brilliant UK companies and create jobs.

    Leading experts from academic and industry can apply to join the Board, chaired by Sir Peter Knight, and advise the UK government on quantum technologies, contributing to the implementation of the National Quantum Strategy.   

    As a critical technology that offers solutions in almost every sector, from healthcare to energy, quantum will form an important part of the government’s forthcoming industrial strategy. 

    Notes to editors 

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 4 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Europe: Interim report 2: Report on the National Nuclear New-build Coordinator’s mission regarding the expansion of nuclear power in Sweden – January 2025

    Source: Government of Sweden

    Interim report 2: Report on the National Nuclear New-build Coordinator’s mission regarding the expansion of nuclear power in Sweden – January 2025 – Government.se

    Please enable javascript in your browser

    Published

    Download:

    The National Nuclear New-build Coordinator’s second interim report
    provides a clarified recommendation on how a programme organisation may be designed. The coordinator recommends the establishment of a stateowned company that invests in new nuclear power capacity. By investing in several projects that get financial support from the state’s financing model, lock-in effects regarding learning can be avoided. In this way, a higher costefficiency and a more responsible use of tax-payers money can be achieved.

    The coordinator also proposes regional cooperation with neighbouring
    countries regarding skills and supply chains.

    The report also provides a follow-up of activities of the National Nuclear
    New-build Coordinator since the previous interim report (June 2024), a
    summary of ongoing activities for new nuclear power and an assessment of
    the possibility to fulfil the goals in the Swedish Government’s roadmap for
    new nuclear power.

    MIL OSI Europe News

  • MIL-OSI: Decentralized Privacy Centric Search Engine Presearch Launches “NSFW” Spicy Mode Search Experience

    Source: GlobeNewswire (MIL-OSI)

    Toronto, Feb. 04, 2025 (GLOBE NEWSWIRE) — Presearch (www.presearch.io), the privacy-centric, non-profiling meta-search engine, announced today the launch of a free “Spicy” NSFW adult search service. Building on the successful Presearch Takeover Advertising (PTA) format, this new offering creates a privacy-focused space where adult products, services, and creators can connect with audiences. It’s already achieving click-through rates 10 times higher than those of traditional takeover ads. Established industry leaders have already enthusiastically joined the platform including Lovense, Stripchat, Subseeker, OnlyFinder, Creatr.uk and OnlyTraffic.

    By toggling the chili-pepper icon in the Presearch search bar and confirming they are the legal age of consent, users can select the NSFW “after hours” search experience with adult-oriented registered wallpaper style takeover ads that rotate in the background.  The “Spicy” feature, available now for Presearch users, empowers those who opt in to access curated content from advertisers in the adult industry, including OnlyFans creators, cam models, dating platforms, adult toys and sexual wellness products.  A dedicated OnlyFans creator search feature, unavailable directly on the OnlyFans platform, will also be seamlessly integrated. 

    This initiative upholds Presearch’s commitment to user empowerment, anonymity and ethical advertising by providing a non-judgmental, non-profiling, tracker free space for adult-focused brands to promote their offerings free from stigma or restrictive policies commonly found. 

    “The history of the internet wouldn’t be possible without adult brands, from Minitel Rose to OnlyFans,” said Presearch.com CEO Tim Enneking. “The new spicy ‘NSFW’ option for Presearch allows qualified users to engage with this sex-positive content if they wish, while finally providing a safe-space for adult content creators, products and services to advertise freely and thrive.”

    Presearch ensures age safety through periodic age verification while adhering to privacy-respecting practices that never associate user behavior with identity or IP addresses. Additionally, Presearch complies with the RTA (Restricted to Adults) industry standard. 

    “I’m 1,000% confident that once users—especially remote workers and digital nomads—experience this new search paradigm, they’ll never want to go back to basic, boring search again,” said Brenden Tacon, Business Development Lead at Presearch. “We’re offering users a unique, enticing, and pleasurable search experience while fostering inclusivity and freedom of expression, which all aligns with the Presearch Ethos. At the same time, we’re addressing a major void in the market and meeting a significant demand by providing advertisers in the adult industry with a critical platform.”

    Presearch Takeover Advertising has become a game-changer in the industry, empowering brands by eliminating invasive tracking methods and offering advertisers a unique opportunity to reach privacy-conscious users. By expanding into the NSFW space, Presearch opens new doors for adult brands often excluded from mainstream advertising platforms, ensuring they can reach their audience without compromising ethical standards.

    The “Spicy” NSFW feature is available now. Advertisers and users interested in learning more can visit Presearch’s Advertising page: https://presearch.io/advertise.

    About Presearch
    Presearch.com offers a privacy-focused, non-profiling search experience with results comparable to leading search engines. Its search-to-earn model rewards users with PRE tokens for every search, creating a unique value proposition. Powered by a decentralized node infrastructure, Presearch promotes fairness and mitigates biases in search outcomes unlike conventional platforms that may prioritize self-serving content and suppress others. With a loyal community, the platform serves nearly 12 million searches per month.

    MEDIA CONTACT: 
    presearch@transformgroup.com

    The MIL Network

  • MIL-OSI Economics: Samsung Galaxy Studio Comes to Canal Walk

    Source: Samsung

    Samsung has brought an exciting interactive experience to Canal Walk Shopping Centre with the Galaxy Studio, which opened on 31 January 2025. The studio is offering visitors the chance to step into the future – an immersive space where technology and creativity collide, showcasing the latest in Galaxy AI innovation.
     
    At Galaxy Studio, guests can get an exclusive hands-on preview of the newly launched Samsung Galaxy S25 Series –  a true AI companion – set to redefine the future of mobile technology. Unveiled on 22 January 2025, the Galaxy S25 Series learns from your daily habits and routines, adapting to fit seamlessly into your life. It’s not just a phone – it’s your next mobile assistant that empowers you to make every day extraordinary.
     

     
    With the new One UI 7.0, the Galaxy S25 Series is designed to elevate your mobile experience by personalising your interactions, simplifying tasks, and enhancing every aspect of your daily routine. Studio visitors will be treated to live demonstrations of the phone’s unique AI features, showing how Samsung’s cutting-edge mobile technology makes every day easier, smarter, and more efficient. From AI-enhanced intuitive features to smart personalisation, this device will turn your idea of what a phone can do on its head.
     
    At Galaxy Studio, visitors can engage directly with the technology and witness its transformative power in real time. You can explore Samsung’s AI-driven camera features, capture your moments, and watch as they’re enhanced instantly, giving you the chance to share your stunning creations on social media.
     

     
    One of the Galaxy Studio highlights is a demonstration of the phone’s powerful camera in a concert scenario in the Nightography Booth. Guests will be able to capture their thrilling moment as a DJ at a ‘concert/live event’. Galaxy Studio is more than just a space to see the Galaxy S25 Series in action; it’s an immersive world that highlights how AI can reshape everything from how we capture memories to how we stay connected. Whether you’re snapping photos, organising your day, or learning how Galaxy AI simplifies your life, this is an experience you won’t want to miss.
     
    Dates: 31 January – 16 February 2025Location: Galaxy Studio, Canal Walk, Century City, Cape TownAdmission: Free
     

     
    Dynamic radio presenter, event MC, writer, and media personality, Sibongile Mafu, will be making an appearance as a guest at the Galaxy Studio on Saturday, 01 February, to also witness for herself the magical mobile AI innovation that is the Galaxy S25 Series.
     
    For more information and updates, follow Samsung South Africa on social media – @SamsungmobileSA (X, Instagram), Samsung South Africa (Facebook).

    MIL OSI Economics

  • MIL-OSI Video: UK Watch live: Lords debates Renters’ Rights Bill

    Source: United Kingdom UK House of Lords (video statements)

    Members discuss abolishing fixed term assured tenancies and assured shorthold tenancies.

    Find out more and see who’s taking part https://www.parliament.uk/business/news/2025/january/renters-rights-bill-on-lords-agenda/

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • Twitter: https://twitter.com/UKHouseofLords
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

    https://www.youtube.com/watch?v=_A5C4gH89LA

    MIL OSI Video

  • MIL-OSI United Kingdom: Local government expenditure and income in 2023-24

    Source: Scottish Government

    A National Statistics Publication.

    The Chief Statistician has released figures on local government finance in 2023-24. These figures provide a comprehensive overview of the financial activity of local government, including revenue expenditure and income; capital expenditure and financing; reserves; debt; and pensions.

    Revenue expenditure is the cost of delivering services each year. Local authorities’ net revenue expenditure in 2023-24 was £14,296 million. Education and Social Work were the services with highest net revenue expenditure, accounting for £6,960 million and £4,604 million respectively.

    Net revenue expenditure on Central Services increased by 103.2 per cent, or £352 million, between 2022-23 and 2023-24. Of this increase, £260 million was due to Equal Pay payments that were made by Glasgow City Council during 2023-24.

    Capital expenditure is expenditure that creates the buildings and infrastructure necessary to provide services, such as schools and roads. Local authorities incurred £3,689 million of capital expenditure in 2023-24. This was predominantly financed by grants and contributions of £1,704 million and borrowing of £1,640 million.

    Usable reserves are local authorities’ surplus income from previous years which can be used to finance future revenue or capital expenditure. At 31 March 2024, local authorities held £4,258 million of usable reserves.

    When local authorities borrow money or use credit arrangements to finance capital expenditure, a debt is created which has to be repaid from future revenues. In 2023-24, as a result of the statutory flexibility granted by Ministers, local authorities made debt repayments of minus £67 million. That is, rather than repay debt, they received a windfall of £67 million as a result of the service concession flexibilities.

    Background

    Scottish Local Government Finance Statistics (SLGFS) 2023-24 is based on final, audited figures provided by local authorities (where available, or draft accounts if these have not yet been audited).

    Further information on Local Government Finance statistics publications and data collections can be found on the Scottish Government website.

    These statistics have been produced in accordance with the Code of Practice for Statistics.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: #ItsNotOK – sexual violence victims urged to seek support

    Source: City of Wolverhampton

    Sexual Abuse and Sexual Violence Awareness Week, which began yesterday (Monday 3 February), is the UK’s national week to raise awareness of these crimes and, using the hashtag #ItsNotOK, encourages people to raise awareness and help get more coverage of this important subject.

    Councillor Jasbir Jaspal, the City of Wolverhampton Council’s Cabinet Member for Adults and Wellbeing, said: “It’s Not OK to have to deal with sexual abuse or sexual violence. It’s Not OK to suffer in silence. And It’s Not OK to have to deal with it on your own.

    “This Sexual Abuse and Sexual Violence Awareness Week, we want victims to understand that no matter what happened, you deserve support – it wasn’t your fault, we’ll listen to you, and we’ll believe you.”

    Rape Crisis England and Wales runs a 24/7 Rape and Sexual Abuse Support Line providing specialist support to anyone aged 16 and over who has experienced something sexual that they didn’t want, didn’t consent to or is feeling confused about, no matter when or where it happened. Call 0808 500 2222 or visit Abuse Support Line.  

    There are a wide range of services in the West Midlands which offer guidance and support to anyone who has experienced rape, sexual violence and childhood sexual abuse including The Haven Wolverhampton (details at https://www.havenrefuge.org.uk/), Black Country Women’s Aid (https://blackcountrywomensaid.co.uk/) and a number of other organisations (details at Support after rape and sexual assault).

    And the West Midlands Police and Crime Commissioner’s No Excuse For Abuse website includes details of a range of support services including charities, refuges and specialist support for LGBTQ+ and male victims.

    People can report sexual abuse or violence to West Midlands Police by calling 101 for non-emergencies or via Live Chat online. Dial 999 if a sexual assault has just taken place or someone is in immediate danger.

    Sexual Abuse and Sexual Violence Awareness Week runs until Sunday (9 February, 2025). For more information, visit Sexual Abuse and Sexual Violence Awareness Week.

    MIL OSI United Kingdom

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for January 2025 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 4th of February 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

    In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:  

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Staked Polygon ETP 
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP

    Index allocation as of 31st of January (before rebalancing):

    Bitcoin: 39.74%
    Ethereum: 30.80%
    XRP: 14.03%
    Solana: 8.75%
    Cardano: 2.75%
    Chainlink: 1.37%
    Avalanche: 1.23%
    Litecoin: 0.75%
    Uniswap: 0.59%

    Index allocation as of 31st of January (after rebalancing):

    Bitcoin: 40.00%
    Ethereum: 30.59%
    XRP: 13.72%
    Solana: 9.46%
    Cardano: 2.62%
    Chainlink: 1.23%
    Avalanche: 1.12%
    Litecoin: 0.69%
    Uniswap: 0.57%

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Top 10 Index ETP SEK outcome for January was +7.42%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

    In January, the crypto market showed mixed performance. Bitcoin increased by +9.54%, while Ethereum declined by -1.28%. However, some altcoins performed stronger, such as XRP, which rose by +46%, and Solana by +22.3%.
    The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in January:

    XRP +46%
    Chainlink +25.3%
    Litecoin +24.3%
    Solana +22.3%
    Cardano +11.6%
    Bitcoin +9.54%
    Ethereum -1.28%
    Avalanche -3.72%
    Uniswap -11.1%

    Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network

  • MIL-OSI United Kingdom: Northern Ireland firm expands into new markets after new partnership between UKEF and Ulster Bank

    Source: United Kingdom – Government Statements

    UKEF’s support helping Maxflow gain access to capital through its General Export Facility (GEF) will see the business expand into new export markets.

    Ryan Wylie, Managing Director of Maxflow, and Leona McNicholl, Senior Relationship Manager at Ulster Bank

    • Maxflow supplies Northern Ireland-made industrial pressure washers, generators, parts and pressure-washing accessories, and is aiming to reach new export markets.

    • Maxflow Power Products Limited is the first company in Northern Ireland that has been awarded UKEF-backed facility from Ulster Bank.

    Maxflow, a Northern Ireland-based manufacturer of industrial pressure washers and power products, is accelerating its growth with a finance package issued by Ulster Bank and guaranteed by UK Export Finance (UKEF), the government’s export credit agency. This partnership supports Maxflow to expand its operations, enter new export markets, and grow its customer base.

    With over 25 years of industry experience, Maxflow’s ability to grow as a business has been furthered by UKEF and Ulster Bank’s financial support which also recently included a multi-million pound support package for a Management Buy Out (MBO). 

    This has enabled better management of cash flow-related challenges, often associated with scaling operations and meeting customer demand. With this support, Maxflow can maintain high stock levels, ensuring consistent availability for its customers and reinforcing its reputation as a reliable supplier in a competitive market.

    With significant revenue coming from exports, entering new export markets presents exciting new opportunities for growth.

    This is the first time that Ulster Bank and UKEF have worked in partnership to issue a trade loan facility for a Northern Ireland business. The loan facility was guaranteed through UKEF’s General Export Facility (GEF), a product which helps SME exporters to access more working capital and scale up their operations. Through the GEF scheme, SMEs accessed over £576 million in working capital loans in the last financial year.

    Liz McCrory MBE, UKEF Export Finance Manager for Northern Ireland, added:

    We are proud to support Maxflow as they build on their success. UKEF’s collaboration with Ulster Bank in this working capital finance deal is a prime example of how our General Export Facility can boost the confidence of SMEs in Northern Ireland to achieve their growth ambitions and venture into new export markets.

    Ryan Wylie, Managing Director of Maxflow, commented:

    We couldn’t be more excited about Maxflow’s growth. Our commitment to exceptional customer service is at the heart of everything we do. We pride ourselves on being a reliable, go-to partner, ensuring our customers can always count on us to deliver exactly what they need, when they need it.

    Expanding into new geographical markets is a transformative step for Maxflow, and the support from Ulster Bank and UK Export Finance has been crucial in helping us seize this opportunity. The ability to manage cash flow effectively while maintaining high stock levels has allowed us to meet the demands of this new market and position ourselves for sustained growth.

    Maxflow’s expansion also includes significant investment in infrastructure. A new factory is currently under construction, with phase one expected to be completed by 2025. This facility will consolidate operations, streamline logistics, and enhance efficiency, supporting Maxflow’s long-term growth plans.

    Maxflow is creating new job opportunities in Cookstown, Northern Ireland through investing in a new factory. With a team of 25 employees and ongoing expansion, the company remains dedicated to being a market leader in industrial power product solutions.

    Leona McNicholl, Senior Relationship Manager at Ulster Bank, commented:

    We’re proud to support Maxflow as they take this exciting step to expand their operations into new export markets. This milestone highlights the importance of providing businesses with the right financial tools to achieve their growth ambitions. Ulster Bank remains committed to supporting Northern Ireland’s businesses, helping them seize new opportunities and grow and this is very evident in the level of support provided to Maxflow in their growth plans through working capital facilities as well as supporting the recent MBO.

    Maxflow’s story showcases how strategic financial partnerships, infrastructure investments, and a focus on customer-centric operations can drive significant growth. As the company continues to expand, it remains committed to its vision of being a market leader in industrial power product solutions.

    Contact 

    Media enquiries:

    Updates to this page

    Published 4 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Final terms for bonds to be listed 7th February 2025

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen A/S                        4th February 2025
                                            Announcement no. 12/2025

    Final terms for bonds to be listed 7thFebruary 2025

    On 7th February 2025, Jyske Realkredit A/S will be listing new Covered Bonds (SDO). Final terms for the bonds are attached to this announcement.

    The full prospectus for the Bonds consist of the attached final terms and the previously disclosed ”Base Prospectus for the issue of Covered Bonds (SDO), Mortgage bonds (“RO”) and Mortgage Bonds (RO) and bonds issued pursuant to Section 15 of the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc. Act (Section 15 Bonds).”, dated June 28th, 2024.

    Jyske Realkredit’s base prospectus is available on Jyske Realkredit’s home page jyskerealkredit.com

    Yours sincerely,
    Jyske Realkredit A/S

    www.jyskerealkredit.com

    Please observe that the Danish version of this announcement prevails.

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Scottish Greens made budget fairer, greener and better for Scotland

    Source: Scottish Greens

    This budget makes vital progress on child poverty and climate action.

    More children will be fed, buses will be cheaper and nature will be protected as a result of changes made to the Government’s budget by the Scottish Greens, says the party’s finance spokesperson Ross Greer ahead of a debate and vote taking place today.

    Through negotiations late last year the Scottish Greens secured record investment in climate action, a funding increase for local services including schools, social care and bin collections, free ferry travel for young islanders and free bus travel for asylum seekers. They also increased the tax paid when buying a second or holiday home, giving a boost to first-time home buyers.

    And last week it was announced that the Greens had also secured free school meals for thousands more S1-S3 pupils, more funding for nature restoration and a year-long trial where bus fares in one region of the country will be capped at no more than £2.

    Mr Greer said:

    “As a direct result of Green negotiations, this budget will lift more children out of poverty, make buses cheaper and help tackle the climate crisis.

    “No child should be hungry at school, and the extra meals secured by Green MSPs will take us one step closer to eradicating that hunger completely. This builds on the extension of universal free school meals to P4 and P5 which the Scottish Greens delivered a few years ago.

    “We are determined to make it cheaper to get the bus. That’s why we will launch a year-long trial in one region where bus fares are capped at £2, something we are confident will be successful enough to then roll out across all of Scotland.”

    Mr Greer added:

    “There is a huge contrast between everything the Scottish Greens have delivered for people and planet, and a Scottish Labour Party who allowed the SNP’s budget to pass without securing a single change of their own. 

    “While others played silly games, Green MSPs worked to support families in poverty and protect our natural environment.”

    MIL OSI United Kingdom

  • MIL-OSI New Zealand: Opening of He Kura Toi Tangata: 50 years of the Waitangi Tribunal

    Source: New Zealand Governor General

    Toitū Kāhui tangata

    Ka Haea te ata,

    ka Hāpara te ata

    Ka korokī te manu

    Ka wairori te kutu

    Ko te ata nui, ka horaina

    Ka Taki te umere,

    He po, he po, he ao

    ka awatea.

    E koro, ….Matiu,

    Kua tatū mai ō rahi ki te whakanui i te kaupapa o te rā, arā , Te Taraipiunara o Waitangi rima te kau tau ki muri, whakaara mai ai.

    Hoki wairua mai!, Hoki wairua mai!

    Hoki wairua mai!

    Koutou, tātou kua tatū mai i runga i te reo karanga o te rā,

    Tēnā koutou, tēnā koutou, tēnā tātou katoa

    [Be alert for this is a gathering of great significance. As the dawn breaks, and we hear the birds call, we move from the time of darkness to the new era of enlightenment. Each new dawn enables us to embrace new knowledge, to be inspired by the possibilities that rise in front of us.

    Matiu(Rata) We have arrived to celebrate 50 years of the Waitangi Tribunal, which was begun under your watch. Return in spirit to embrace your people, as we celebrate its journey.]

    To one and all gathered here today, greetings.

    I specifically acknowledge:

    Distinguished members of the judiciary, including the Honourable Chief Justice Helen Winkelmann, Chief Justice of New Zealand, and

    The Honourable Chief Justice Debra Mortimer, Chief Justice of the Federal Court of Australia,

    Ministers of the Crown,

    Members of Parliament,

    Ngati Kawa, Ngati Rahiri, Ngati Hine and Ngati Kuri representatives,

    Bishop Te Kitohi Pikaahu and Dame Claudia Orange.

    I am truly honoured to take part in the opening of this exhibition commemorating the first 50 years of the Waitangi Tribunal.

    How fitting that He Kura Toi Tangata begin its tour of Aotearoa here in Waitangi – te pito te whenua – where Te Tiriti, the foundational document for the Tribunal’s work, was conceived in its English and te reo Māori iterations – and was signed by rangatira, as well as my earliest antecedent in this role, Captain William Hobson.

    Kō ngā tahu ā ō tapuwai inanahi, hei tauira mō āpōpō. The footsteps laid down by our ancestors create the paving stones upon which we stand today.

    Retrospectives challenge us to consider and compare how we were in the past, with how we are today. This exhibition will prompt us to reflect on the impacts and achievements of the Waitangi Tribunal over the past 50 years, and the ways they are woven through our story as a nation.

    From its small beginnings; to the gradual additions to its powers, Members and support staff; to its ground-breaking reports – the Tribunal has become a vital forum for the airing of concerns about a wide range of issues; for the seeking of redress for past wrongs; and for exploring the meaning of Te Tiriti as it pertains to the contemporary world.

    The Tribunal has achieved so much, whether it be in greater public awareness of Te Tiriti and te ao Māori, in contributions to legislative development and new institutions, and of course, in the Treaty Settlement process.

    Tonight, I particularly want to pay homage to those claimants who spent many decades of their lives toiling on behalf of their hapu or iwi – often at great personal cost – and sometimes not living long enough to see the resolution of those claims.

    In addition, I want to acknowledge all who have been involved in working with the Tribunal, including those behind the scenes. Sir Doug Graham observed that the Treaty Settlements in the 1990s would not have been possible without the Tribunal’s research and deliberations – which, incidentally, included research undertaken by our current Minister of Justice, the Honourable Paul Goldsmith, during his time with the Tribunal. The research done by, and presented to the Tribunal over its 50 years is an immensely valuable resource for all New Zealanders.

    On behalf of the people of New Zealand, I thank Members – past and present – for their willingness to grapple with complex histories and contentious issues, and to make recommendations that have often been at the leading edge of the practical application of te Tiriti.  As Sir Doug said: “They have done their country proud”.

    I hope the more difficult moments were balanced by moments of intense satisfaction – whether it be enabling histories to be heard and recorded for posterity – or providing a forum for debate about emerging societal, cultural or environmental issues.

    There is so much to learn from the lessons of history uncovered during the Tribunal process. The Tribunal’s recommendations have, in turn, become part of the historical record.

    If Matiu Rata could have been with us tonight, how proud he would have been to celebrate his legacy with you all – and to honour the people who played their part in taking the Waitangi Tribunal forward on its journey.

    Congratulations to everyone here tonight who has been involved in the Tribunal process to date, as well as all those involved in the making of this powerful and timely exhibition. I am delighted to now formally open He Kura Toi Tangata: 50 years of the Waitangi Tribunal, 1975-2025. 

    MIL OSI New Zealand News