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  • MIL-OSI Europe: ASIA/LAOS – Farewell to Father Titus Banchong: “It was Jesus who was interested in me, not me in him”

    Source: Agenzia Fides – MIL OSI

    by Paolo AffatatoVientiane (Agenzia Fides) – “I am ready for Jesus and will be his martyr if I am worthy and if he wants me. I now believe that the time is very close,” wrote the Laotian priest Titus Banchong Thopanhong, shortly before he was arrested by the security forces of the “Pathet Lao” in 1976.Titus Banchong Thopanhong, Apostolic Administrator of Luang Prabang from 1999 to 2019, died in Vientiane on January 25 at the age of 78. He succumbed to a long illness, also due to the hardships he had suffered for 50 years. Father Titus was a member of the Congregation of the Oblates of Mary Immaculate (OMI) and was imprisoned for seven years. During his entire imprisonment, nothing was heard from him. Many thought he had been killed. Instead, he was released and was able to resume his life as a simple pastor for the small Catholic community in Laos, which today numbers about 60,000 Catholics.Titus is the name given to Banchong Topagnong at the age of 8 when he was baptized with his family in the Hmong village of Kiukiatan in northern Laos, where he was born in 1947. In this village, from 1957 to 1958, he was one of the altar boys of Father Mario Borzaga, the missionary who was to be beatified in 2016. “Titus still retains a precious memory of this priest who profoundly marked his life,” recalls his confrere Fabio Ciardi, who had a deep human and spiritual friendship with Father Titus. With the missionaries, young Titus had the opportunity to deepen his journey of faith: during these years, between 1958 and 1969, he attended Seminaries first in Vientiane and then in Luang Prabang. Father Angelo Pelis, also an OMI missionary who was then director of the Seminary in Luang Prabang, remembers him as a “simple, reserved, gentle and smiling boy”. “The character trait that was to mark him throughout his life was humility: a humility modeled on Jesus Christ,” says Father Pelis. Young Titus decided to continue his formation with the Oblates in Italy and in 1970 Monsignor Alessandro Staccioli (OMI), then Apostolic Vicar of Luang Prabang, sent him to study in Italy, where he studied philosophy and theology first in San Giorgio Canavese and then, from 1973, in Vermicino (near Rome).Father Titus writes in one of the letters collected in the book “Even in prison I can love”, edited by Michele Zanzucchi: “I was still uncertain about my vocation, but little by little I felt in my heart the desire to follow Jesus in a radical way, that is, to follow the Lord who seemed to want me to love him. It was he who was interested in me, not I in him. He had taken me little by little and made me understand that in him I would always find the true meaning of my life.” While he was in Italy, his country experienced a change of regime, with the communist resistance fighters of the “Pathet Lao” taking power and in 1975 all missionaries were expelled from the country.Father Titus felt a strong desire to return to his homeland and to be a priest for the people of Laos, a desire to be a witness for Christ there and not elsewhere. This is what drives Father Titus to return to Laos. “I have chosen the Church of Laos and I feel that God wants me there and not anywhere else,” he writes. “Even if I am a priest for just one day, I will return to Laos.” And he continues: “I have decided to return to Laos because there is no one there for the apostolate. I am returning so that we can all be stronger, I am returning to help the faithful. When I returned, I chose God alone; it is He who makes me return and that is why I am returning.” He was ordained a priest in the Cathedral of Vientiane on 28 September 1975 by the then Bishop of Vientiane, Thomas Nantha, the first of the Hmong ethnic group. The next day he wrote: “I am no longer afraid because I belong to the Lord. I am ready for anything. I am very happy. No one can separate me from Him. Every day I discover more and more that He is with me. I have Him… He asks me for everything, I give Him everything.”He began a strictly controlled pastoral ministry, with the threat of arrest, first in Luang Prabang, then in Vientiane, and finally in Paksane. He travels through the villages on his motorbike, visits people and administers the sacraments to Catholic families. Although he never used critical words against those in power, Father Titus was imprisoned three times and “learned to find even in the cruelest hardships the tenderness of God’s love”, Pelis recalls his imprisonment: “You could say that the other prisoners in prison were all converted, they became good. With love you can also break the bonds of hatred.” After his release from prison he did not complain: “I was released,” he writes. “After they released me, I was able to visit all the Christians in the province of Siam and I found them. Many who had been there for over 30 years no longer had priests,” he said.After being appointed “Apostolic Administrator” of Luang Prabang, the old capital, he lived the life of a missionary, dedicating himself with zeal and charity to serving his people. In 2005, with joy and enthusiasm, he told Fides that in the Vicariate of Luang Prabang he had received permission to open the first Catholic church in northern Laos since the painful times of 1975, after the communist revolution. And he said he was “very edified by the faith and devotion of the local families”. In his pastoral work he went “step by step, we go as far as the Lord allows us”. This hope was realized when he saw the first new vocations to the priesthood blossom in the small Laotian community and when he participated in the beatification liturgy in 2016 of 17 Laotian missionaries and lay people killed by communist resistance fighters between 1954 and 1970. Among the six Oblates of Mary Immaculate (OMI) beatified was the young Italian missionary Mario Borzaga, who died in 1960 at the age of 27 along with the local catechist Paul Thoj Xyooj. Titus had taken them close to his heart. (Agenzia Fides, 1/2/2025)
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    MIL OSI Europe News –

  • MIL-OSI: BAWAG Group: Acquisition of Barclays Consumer Bank Europe successfully completed

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Austria – February 3, 2025 – Following the receipt of regulatory approvals as announced on 9th of January, BAWAG Group today announces the successful acquisition of the Hamburg-based Barclays Consumer Bank Europe from Barclays Bank Ireland PLC. BAWAG Group will work with the current leadership team to continue growing its Retail business in Germany and the broader DACH/NL region.

    During a transitional period, the business will continue to operate under the Barclays brand, with rebranding expected to be unveiled in 2026. At present, there are no changes for customers: both the products and their associated terms and conditions remain unaffected following the completion of the transaction.

    BAWAG Group will report FY 2024 results on March 4, 2025 and will host an Investor Day on the same day.

    About Barclays Consumer Bank Europe

    Barclays Consumer Bank Europe has been operating successfully in Germany for more than 30 years and is one of the leading providers of credit cards with a genuine credit function. The company’s other business areas include consumer loans, installment purchase financing via the online retailer Amazon and overnight money accounts. Further information can be found at www.barclays.de.

    About BAWAG Group

    BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving 2.5 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe, and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need. BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

    Forward looking statement

    This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

    Contact:

    Financial Community:
    Jutta Wimmer (Head of Investor Relations)
    Tel: +43 (0) 5 99 05-22474

    IR Hotline: +43 (0) 5 99 05-34444
    E-mail: investor.relations@bawaggroup.com

    Media:
    Manfred Rapolter (Head of Corporate Communications and Social Engagement)
    Tel: +43 (0) 5 99 05-31210
    E-mail: communications@bawaggroup.com

    This text can also be downloaded from our website: https://www.bawaggroup.com

    The MIL Network –

  • MIL-OSI: Ress Life Investments A/S:

    Source: GlobeNewswire (MIL-OSI)

    Ress Life Investments
    Nybrogade 12
    DK-1203 Copenhagen K
    Denmark
    CVR nr. 33593163
    www.resslifeinvestments.com

    To: Nasdaq Copenhagen
    Date: 3 February 2025

    Corporate Announcement 04/2025

    Ress Life Investments A/S will begin publishing daily NAV in EUR.

    Ress Life Investments A/S will on 5 February 2025 begin publishing the Net Asset Value (NAV) per share in EUR on a daily basis.

    The NAV in EUR will be published on the website of Nasdaq Copenhagen under the section AIF Companies and Funds, where the bid and ask prices are already published.

    The daily NAV in EUR will be calculated as the most recently published NAV in USD divided by the European Central Bank’s EUR/USD reference rate on the relevant day.

    NAV in USD will continue to be published twice per month, on the 15th and on the last day of the month through sending corporate announcements via Nasdaq GlobeNewswire.  

    The aim with this improvement is to enable market participants to more easily find the current Net Asset Value in EUR and thus improve transparency.

    Questions related to this announcement can be made to the company’s AIF-manager, Resscapital AB.

    Contact person:
    Gustaf Hagerud
    gustaf.hagerud@resscapital.com
    Tel + 46 8 545 282 27

    Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the Key Information Document available on the Company’s website, www.resslifeinvestments.com.

    Attachment

    The MIL Network –

  • MIL-OSI: The Ecole normale supérieure, AI & Society Institute and Capgemini launch a global Observatory on AI’s environmental impact

    Source: GlobeNewswire (MIL-OSI)

    ENS Press Contact: 
    Lola Melkonian
    lola@buzzdistrict.com / +33 6 09 38 67 84
    Romain Pigenel romain.pigenel@ens.psl.eu

    Capgemini Press Contact:
    Victoire Grux
    Tel.: + 33 6 04 52 16 55
    E-mail: victoire.grux@capgemini.com

    The Ecole normale supérieure, AI & Society Institute and Capgemini launch
    a global Observatory on AI’s environmental impact

    Paris, February 3, 2025 – With the support of Capgemini, the AI and Society Institute, the Ecole normale supérieure (ENS-PLS) and the ENS Foundation have launched an Observatory dedicated to analyzing and mitigating the environmental impacts of Artificial Intelligence (AI) at all stages of its lifecycle (training, adjustment, inference and end-of-life). The new Observatory aims to establish a solid, shared methodology to encourage sustainable AI usage.

    The widespread adoption of AI, especially generative AI, has unlocked significant opportunities across various sectors. However, the growing computational demand for these new uses is leading to an increase of its environmental footprint (in terms of energy and water consumption, as well as carbon footprint), making it necessary to systematically assess their impact and implement measures to mitigate them. A recent research paper from a Capgemini R&D team highlights that large generative AI models consume 4,600 times more energy than traditional models, with AI-related electricity usage potentially increasing 24.4 times in the most extreme scenario by 2030. Mitigating this environmental impact in the coming years will require a coordinated effort from all stakeholders across the AI value chain, cites the publication.1  

    The global Observatory on AI’s environmental impact intends to address these challenges. It will bring together a diverse, multi-stakeholder community of international experts (academia, businesses and civil society), and will help to:

    • Establish a robust, shared methodology for measuring the environmental impact of AI technologies;
    • Create a global, open-access database where AI developers and researchers can contribute with data on the environmental performance of their models, fostering transparency and collaboration between businesses and research circles;
    • Promote sustainable AI practices;
    • Provide strategic analysis and disseminate knowledge;  
    • Bring together key stakeholders.

    “At the ENS-PLS, we firmly believe that research and action must go hand in hand to drive positive change in our societies,” explains Anne Bouverot, Chairwoman of the ENS-PLS Board of Directors.

    “This Observatory is the bridge between the two and is part of our commitment to provide informed solutions to public and private institutions on artificial intelligence and its impact,” adds Marc Mézard, Chairman of the AI and Society Institute.

    “Today, companies are looking for efficiency gains, yet very large AI models not only entail a significant environmental footprint, but also higher costs,” says Etienne Grass, Managing Director of Capgemini Invent France. “To harness the power of this technology responsibly, it is essential to put in place clear and transparent methodologies, and to work with all players in the AI value chain.”

    Capgemini has previously produced several research reports on the implementation of sustainable AI, including a survey of 2,000 senior executives from major companies in 15 countries2 and a research paper that proposes an initial methodology for quickly estimating the environmental impact of a company’s AI-related business portfolio.

    About Ecole normale supérieure
    At the same time a French grande école and a university, the Ecole normale supérieure provides in Paris, at the heart of the Quartier latin, excellent training through research, leading to various teaching and research professions, and contributes to train through research the senior executives of public administrations as well as of French and European companies. The ENS also defines and applies scientific and technological research policies, from a multidisciplinary and international perspective.

    https://www.ens.psl.eu/en

    About the IA & Société Institute
    The Institute for AI and Society, hosted by the École normale supérieure, was co-founded by Université Paris Dauphine, PSL, and the Abeona Foundation. Its mission is to promote the responsible development and use of AI by studying its interactions with society.

    Find out more

    About the ENS Foundation
    Founded in 1986 and recognized as a public-interest organization, the Fondation de l’École normale supérieure is dedicated to supporting teaching and research initiatives while expanding the ENS’s outreach by engaging the generosity of donors and corporate partners.

    Find out more

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fuelled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.

    Get the Future You Want | www.capgemini.com

    1 “Exploring the sustainable scaling of AI dilemma: A projective study of corporations’ AI environmental impacts”, C. DESROCHES, M. CHAUVIN, L. LADAN, C. VATEAU, S. GOSSET, P. CORDIER, January 2025
    2 Developing sustainable Gen AI report, Capgemini Research Institute, January 2025

    Attachment

    The MIL Network –

  • MIL-OSI Economics: The turnover from card payments continued to increase in 2024

    Source: Danmarks Nationalbank

    Of the total card turnover in Denmark in 2024, the vast majority, kr. 616 billion, came from transactions made by Danes, while the remaining kr. 45 billion came from transactions made by foreigners. In comparison, Danes reached a card turnover of kr. 158 billion abroad in 2024, which is 16 percent higher than in 2023. 

    Keep track of the daily card turnover

    As a supplement to the quarterly payment statistics, which include information on the total card turnover in Denmark, Danmarks Nationalbank continuously publishes payment statistics based on daily payment card transactions in the card acquiring market in Denmark. The information is collected from six card payment acquirers in Denmark and is therefore not a complete record. This means that there will be differences in the coverage of the two statistics. Despite this, the development in card turnover in Denmark is comparable for the two statistics. In the daily payment statistics, one can already see how card turnover has developed up to and including January 19, 2025.  

    There are particularly large differences between the two reports in the period from the 2nd quarter og 2020 to the 2nd quarter of 2021. Part of the explanation for the differences in this period is the changed consumption and payment patterns during the COVID-19 pandemic.

    MIL OSI Economics –

  • MIL-OSI: Argent LNG Selects Baker Hughes as Technology Provider, Strengthening Project

    Source: GlobeNewswire (MIL-OSI)

    • Baker Hughes to supply liquefaction solutions utilizing NMBL™ module and LM9000 gas turbine
    • Agreement also comprises a multi-year services plan, including iCenter™ digital solutions powered by Cordant™, to support Argent LNG terminal operations
    • Proposed project targets approximately 24 million tonnes per annum (MTPA) of production capacity

    FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) — Argent LNG LCC (Argent LNG) has selected Baker Hughes (NASDAQ: BKR), an energy technology company, as the liquefaction solution and related services provider for its proposed liquified natural gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes will supply cutting-edge liquefaction solutions, power generation equipment, and gas compression systems for the facility, which is set to deliver approximately 24 million tonnes per annum (MTPA) of LNG. The announcement was made during Baker Hughes’ Annual Meeting in Florence.

    The project will incorporate Baker Hughes’ advanced technologies, including its NMBL™ modularized LNG solution powered by the highly efficient LM9000 gas turbine. These modules, pre-fabricated and tested at Baker Hughes’ facilities, will ensure scalable and reliable LNG production to the project and integrate iCenter™ digital solutions powered by Cordant™ to maximize availability, reliability, and operational efficiency. Baker Hughes will also provide power generation units driven by LM9000 gas turbines and provide multi-year services to support Argent LNG terminal operations.

    By leveraging its extensive knowledge and experience in LNG development, Baker Hughes will help optimize project execution, and ensure a streamlined, cost-effective design, allowing Argent LNG to move forward with greater efficiency and financial certainty.

    “Today’s announcement is a further testament to the technology capabilities that we have built over the past 30-plus years in LNG. This collaboration with Argent LNG underscores our commitment to delivering advanced, best-in-class LNG solutions,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “As global energy demand continues to grow, we are committed to providing innovative technology solutions to the LNG industry, a key supplier of reliable and affordable energy to many countries around the world.”

    “We chose Baker Hughes because of their proven cutting-edge technology, established LNG market presence, and commitment to innovation — all of which align perfectly with Argent LNG’s vision to provide transformative energy solutions,” said Jonathan Bass, chairman and CEO of Argent LNG. “This collaboration underscores Argent LNG’s commitment to technical excellence, cost-effective execution, and energy security, while also strengthening the project’s bankability by leveraging Baker Hughes’ proven expertise and industry leadership. Today’s announcement demonstrates how innovation and collaboration can drive progress in the LNG industry, helping to secure affordable, sustainable energy for global markets.”

    Phase 1 construction is targeted to begin in 2026, with commercial operations expected by 2030. Phase 2, which aims to expand capacity, is advancing through critical milestones, including resource reporting, securing FERC approvals, formalizing gas supply agreements, and achieving financial close.

    Baker Hughes expects orders in relation to this agreement, as the Argent LNG project progresses and reaches Final Investment Decision, further solidifying its key role in Argent LNG’s long-term success.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    About Argent LNG
    Argent LNG LLC is a privately held energy company dedicated to developing world-class LNG export solutions to meet the rising global demand for clean, reliable energy. Based in Louisiana, Argent LNG is focused on leveraging cutting-edge technologies and strategic partnerships to deliver cost-effective, sustainable, and efficient energy solutions. The company’s proposed export facility at Port Fourchon is designed to strengthen energy security and economic growth while reinforcing the United States’ leadership in the global LNG market.

    For more information, please contact:

    Media Relations

    Chiara Toniato
    +39 3463823419
    chiara.toniato@bakerhughes.com

    Investor Relations

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI Europe: Average annual inflation for residential property in 2024 was 1.7%

    Source: Switzerland – Department of Home Affairs

    The Swiss Residential Property Price Index (IMPI) rose in the 4th quarter 2024 by 1.8% compared with the previous quarter and reached 120.2 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 2.4%. Average annual inflation for residential property in 2024 was 1.7%. These are some of the results from the Federal Statistical Office (FSO).

    MIL OSI Europe News –

  • MIL-OSI China: DPRK condemns Rubio’s ‘rogue state’ remarks

    Source: China State Council Information Office

    A foreign ministry spokesperson of the Democratic People’s Republic of Korea (DPRK) has condemned U.S. Secretary of State Marco Rubio for calling the country a “rogue state,” saying the remarks showed no change in the U.S. hostile policy toward the DPRK, the DPRK’s state media reported on Monday.

    In a release published on Sunday and carried by the official Korean Central News Agency, the spokesperson expressed the DPRK’s strong denunciation of and opposition to the hostile remarks made by Rubio, calling it a grave political provocation completely contrary to the principle of international law of respecting each other’s sovereignty and non-interference in each other’s internal affairs.

    Rubio’s remarks reaffirmed the U.S. hostile policy toward the DPRK and indicated the new U.S. administration’s wrong attitude toward the country, according to the release.

    The foreign ministry spokesperson said the DPRK will not tolerate any U.S. provocations and will take tough counteractions accordingly, as always.

    MIL OSI China News –

  • MIL-OSI Australia: WILMINGTON (Grass Fire)

    Source: Country Fire Service – South Australia

    Issued on
    03 Feb 2025 17:26

    Issued for
    WILMINGTON in  the Flinders Ranges.

    Warning level
    Advice – Stay Informed

    Action
    CFS is responding to a fire near Alligator Gorge in Mount Remarkable National Park.

    If you are in this area, stay informed and monitor local conditions. More information will be provided by the CFS when it is available.

    MIL OSI News –

  • MIL-OSI: BexBack Launches Double Deposit Bonus, $50 Welcome Bonus and 100x Leverage Crypto Trading No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 01, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin surpassed the $100,000 mark and many analysts believe that it will enter a long-term high-volatility market. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 200,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/ba4465dd-d4e3-4374-8385-806fd259e6e3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/82e163a9-5f5b-4738-9c9e-8085324358fb
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e3872672-3b1c-489b-8492-34196f339656
    https://www.globenewswire.com/NewsRoom/AttachmentNg/941d5ac9-9048-4b49-b919-4b4f5922bbf8

    The MIL Network –

  • MIL-OSI: NB Private Equity Partners Limited Total Voting Rights

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    St Peter Port, Guernsey 3 February 2025

    NB Private Equity Partners Limited (“NBPE” or the “Company”) Total Voting Rights

    Total Voting Rights

    In accordance with DTR 5.6.1R, NB Private Equity Partners Limited (“NBPE” or the “Company”) notifies the market of the following:

    Class of Share Number in issue as at 31 January 2025 Voting Entitlement pursuant to the Articles of Incorporation Number held in Treasury as at 31 January 2025 Voting Rights as at 31 January 2025
    Class A Ordinary 49,367,173 May attend and vote at general meetings 3,150,408 46,216,765
    Class A Shareholders have the right to receive notice of general meetings of the Company and shall have the right to attend and vote at all general meetings.
    B Shares 10,000 Except in certain circumstances, do not carry voting rights 0 0
    Class B Shareholders do not have the right to receive notice of or have the right to attend and vote at any general meetings. However, there are limited circumstances where the Company shall not act, without the prior approval of the Class B Shareholders by ordinary resolution passed at a separate general meeting of the Class B Shareholders. Separately, the Directors shall, at appropriate times carry out the FPI Test and, if they determine that the US Shareholding Percentage had exceeded the FPI Specified Percentage as at such FPI Calculation Date, with effect from the date on which the Directors make such determination, the Class B Shares in issue shall, with respect to any Director Resolution, carry a positive number of voting rights as per the calculation referenced in the Articles.
    Total Voting Rights       46,216,765

    For further information, please contact:

    NBPE Investor Relations        +44 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman

    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with 2,800+ employees in 26 countries. The firm manages $500+ billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. UNPRI named the firm a Leader, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of December 31, 2024, unless noted otherwise.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    The MIL Network –

  • MIL-OSI: Baker Hughes and Hanwha Announce Partnership to Develop Small-Size Ammonia Turbines

    Source: GlobeNewswire (MIL-OSI)

    • Agreement to focus on creation of 100% ammonia combustion dual fuel with natural gas small-size turbines
    • Ammonia is a low-carbon fuel that can play a critical role in decarbonizing hard-to-abate sector, including marine transportation
    • Collaboration to deliver efficiency comparable to reciprocating engines while minimizing carbon emissions

    FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, Hanwha Power Systems and Hanwha Ocean announced Monday a Joint Development and Collaboration Agreement (JDCA) for a new small-size turbine for ammonia applications that will leverage Baker Hughes’ small-size gas turbine technology and Hanwha’s ammonia combustion system. The agreement was signed during the Baker Hughes 2025 Annual Meeting in Florence. The new ammonia turbine will be suitable for marine applications but also for onshore and offshore applications, and for electric generation and mechanical drive.

    Ammonia is a critical fuel in enabling the decarbonization of hard-to-abate sectors, including marine, oil and gas, and power. Hanwha Ocean, one of South Korea’s leading shipbuilders, will be the main beneficiary of the JDCA and will adopt the new solution as a propulsion system for their future vessels, thus enabling maritime decarbonization.

    Hanwha already tested successfully a proof-of-concept of the combustor, with 100% ammonia as the fuel gas, and Baker Hughes completed its initial turbine feasibility studies in 2024. The two companies target to complete the full engine test with ammonia by the end of 2027, after which the turbine (~16MW power range) will be commercially available for orders.

    “Decarbonizing hard-to-abate industries and transportation is one of the most pressing but high-potential opportunities of our time,” said Alessandro Bresciani, senior vice president of Climate Technology Solutions at Baker Hughes. “We believe fuel switching to ammonia will play a key role in achieving significant emissions reductions across these sectors, and to realize this ambition, the industry needs more partnerships such as this. Together, we will continue to lead by example and take energy forward.”

    “We are very excited to be collaborating with Baker Hughes to deliver an innovative and efficient solution to enhance the adoption of ammonia as a fuel for the propulsion system for future vessels. This collaboration marks a significant turning point in accelerating the transition to low-carbon fuel propulsion in the global maritime industries,” said James Shon, senior executive vice president and head of Product Strategy and Technology at Hanwha Ocean.

    “The transition to low carbon fuels is a mission for everyone in the marine sector. We aim to play a key role in the decarbonization of the sector, together with Baker Hughes, by supporting ammonia combustion and packaging systems,” said Nuno Kim, executive vice president and head of Hanwha Power Systems Ship Solution Division.

    Baker Hughes is currently exploring how its small-size gas turbines can accelerate the transition from diesel motors to turbines powered by ammonia and hydrogen. In January 2024, the company announced the completion of the successful testing of the world’s first 100% hydrogen turbine, which is now commercially available and with orders under execution.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    About Hanwha
    Founded in 1952, Hanwha has grown quickly by anticipating and responding to changing business environments with a balanced business portfolio that includes energy & materials, aerospace, finance and retail & services. Our expertise and synergy in key areas have catapulted us into the seventh-largest business in South Korea and a Fortune Global 500 company. Hanwha continues to grow rapidly as we strive to pursue global leadership in all of our businesses. We are building a robust foundation for sustainable development and a brighter future for everyone. For more information, visit: www.hanwha.com

    For more information, please contact:

    Baker Hughes Media Relations
    Chiara Toniato
    +39 3463823419
    chiara.toniato@bakerhughes.com

    Hanwha Power Systems Media Relations 
    Sung Jae Park 
    +70 7147 4895 
    sungjae.park@hanwha.com 

    Baker Hughes Investor Relations
    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI: VAALCO Energy, Inc. Announces Significant Milestone in Its Côte D’Ivoire FPSO Dry Dock Refurbishment Project

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) is pleased to announce a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading vessel (“FPSO”) Dry Dock Refurbishment Project.

    In alignment with the project timeline, the FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources International (“CNRI”), ceased hydrocarbon production as scheduled on January 31, 2025. The final lifting of crude oil from the vessel is set to take place on or around February 6, 2025.

    The project team has commenced mobilization efforts, deploying the necessary workforce support vessels and equipment to facilitate the safe disconnection of the FPSO. The vessel is planned to be wet towed to the shipyards in Dubai for refurbishment upon departure from the field on March 24, 2025.

    “We are pleased with the progress of this critical project and remain committed to ensuring a smooth and efficient transition for the FPSO disconnection and refurbishment which we expect, when complete, will allow production to continue until at least 2038, subject to the final regulatory approvals on the license extension and further investment,” said George Maxwell, Vaalco’s Chief Executive Officer. “This milestone represents another step forward in delivering on our strategic objectives while maintaining the highest standards of safety and operational excellence. We have already been paid back 1.8x1 our initial net investment in Côte d’Ivoire in the eight months since closing and the performance of the asset has tracked well ahead of our expectations at the time of the acquisition.”

    Vaalco will provide further updates as the project progresses.

    About Vaalco

    Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea, Nigeria and Canada.

    For Further Information

       
    Vaalco Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422
    Website: www.vaalco.com
       
    Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422
    Al Petrie / Chris Delange  
       
    Buchanan (UK Financial PR) +44 (0) 207 466 5000
    Ben Romney / Barry Archer Vaalco@buchanan.uk.com
       

    Forward Looking Statements

    This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and “forward-looking information” within the meaning of applicable Canadian securities laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan” and “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release include, but are not limited to, statements relating to (i) estimates of future drilling, production, sales and costs of acquiring crude oil, natural gas and natural gas liquids; (ii) expectations regarding Vaalco’s ability to effectively integrate assets and properties it has acquired as a result of the Svenska acquisition into its operations; (iii) expectations regarding future exploration and the development, growth and potential of Vaalco’s operations, project pipeline and investments, and schedule and anticipated benefits to be derived therefrom; (iv) expectations regarding future acquisitions, investments or divestitures; (v) expectations of future balance sheet strength; and (vi) expectations of future equity and enterprise value.

    Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; risks relating to the timing and costs of completion for scheduled maintenance of the FPSO servicing the Baobab field; and the risks described under the caption “Risk Factors” in Vaalco’s 2023 Annual Report on Form 10-K filed with the SEC on March 15, 2024 and subsequent Quarterly Reports on Form 10-Q filed with the SEC.

    Inside Information

    This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. The person responsible for arranging the release of this announcement on behalf of Vaalco is Matthew Powers, Corporate Secretary of Vaalco.

    ____________________

    1 Payback of 1.8x is based on unaudited operational cash flow for the Côte d’Ivoire assets compared to the acquisition price of $40.2MM as of 31st December 2024.

    The MIL Network –

  • MIL-OSI Economics: Partial Withdrawal Third-Party Certification for Electronic Materials

    Source: Panasonic

    Headline: Partial Withdrawal Third-Party Certification for Electronic Materials

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics –

  • MIL-OSI Economics: Making Data Easily Accessible: Leveraging Statistical Data and Metadata eXchange

    Source: Asia Development Bank

    The brief highlights how SDMX can simplify data activities and improve statistical interoperability, noting its growing use among national statistics offices, central banks, and statistical data producers. The brief also emphasizes the importance of capacity building to ensure the successful adoption of SDMX.

    MIL OSI Economics –

  • MIL-Evening Report: Sir Collin Tukuitonga criticises RFK Jr’s measles claims, slams health misinformation

    By Susana Suisuiki, RNZ Pacific Waves presenter/producer

    The chair of a World Health Organisation (WHO) advisory group is urging world leaders to denounce misinformation around health.

    Sir Collin Tukuitonga is reacting to comments made by US Senator Robert F Kennedy, who claimed that measles was not the cause of 83 deaths in Samoa during a measles outbreak there in 2019.

    Samoa’s Head of Health Dr Alec Ekeroma rejected Kennedy’s claim, calling it a “complete lie”.

    Speaking to RNZ Pacific Waves, Sir Collin said leaders had a duty to protect people from inaccurate public health statements.

    He said he was “absolutely horrified” that the person who “is the most influential individual in the US health system” could “tell lies and keep a straight face”.

    “But [I am] not surprised because Kennedy has a history of subscribing to fringe, incorrect knowledge, conspiracy theories, and odd things of that type.”

    He said Dr Ekeroma was very clear and direct in his condemnation of the lies from Kennedy and the group.

    ‘Call it for what it is’
    “I encourage all of our people who are in a position to call these people for what it is.”

    Sir Collin is the chair of the WHO’s Strategic and Technical Advisory Group on the Prevention and Control of Noncommunicable Diseases.

    He said Kennedy’s comments and attitude toward vaccination will feed the anti-vaxxers and and discourage parents who might be uncertain about vaccines.

    “So, [it is] potentially going to have a negative impact on immunisation programmes the world over. The United States has a significant influence on global health policy.

    “These kinds of proclamations and attitudes and ideologies will have disastrous consequences.”

    He believes that the scientific community should speak up, adding that political and business leaders in the region should also condemn such behaviour.

    Sir Collin Tukuitonga . . . “horrified” that the “most influential individual in the US health system” could “tell lies and keep a straight face”. Image: Ryan Anderson/Stuff/RNZ

    Withdrawal of US from WHO
     Sir Collin described President Donald Trump’s decision to pull the US out of the WHO as “dangerous”.

    He said Washington is a major contributor to the money needed by WHO, which works to protect world health, especially vulnerable communities in developing countries.

    “I understand they contribute about a fifth of the WHO budget,” he said.

    “The United States is a world leader in the technical, scientific expertise in a number of areas, that may not be as available to the rest of the world.

    “Research and development of new medicines and new treatments, a large chunk of which originates in the United States.

    “The United States falling out of the chain of surveillance and reporting of global outbreaks, like Covid-19, puts the whole world at risk.”

    He added there were ‘a good number of reasons” why the move by the US was “shameful and irresponsible”.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: The government has exempted butter and egg producers from additional payments to retailers

    Translartion. Region: Russians Fedetion –

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

    Resolution of February 1, 2025 No. 76

    Document

    Resolution of February 1, 2025 No. 76

    The government has expanded the list of socially significant food products for which producers do not have to pay remuneration to retailers. Eggs and butter have been added to the list.

    According to the law on trade, suppliers pay bonuses to retailers for the fact that the chains buy a certain amount of goods from them. Including butter and eggs in the list of socially significant goods for which payment of remuneration is not allowed will eliminate such practices.

    The ban on charging remuneration will give producers the opportunity to reduce costs when delivering products to retail chains and to direct the released financial resources to modernization and expansion of production. Ultimately, the proposed measure may contribute to a reduction in wholesale prices of producers for consumers, including as a result of increased production.

    The signed document introduces changes toResolution of July 15, 2010 No. 530.

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

    MIL OSI Russia News –

  • MIL-OSI: Baker Hughes Secures Major Chemicals Award from ExxonMobil Guyana for FPSOs

    Source: GlobeNewswire (MIL-OSI)

    • Baker Hughes to supply production chemicals for Errea Wittu and Jaguar FPSOs
    • Offshore developments feature combined 500,000 barrels per day capacity

    FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The announcement was made during Baker Hughes’ 25th Annual Meeting in Florence, Italy.

    The multi-year contract includes all topsides, subsea, water injection and utility chemicals for the Errea Wittu and Jaguar floating production storage and offloading (FPSO) vessels, which are currently under development, and are targeted to begin production in 2026 and 2027 respectively. Baker Hughes has extensive experience in Guyana and has established local supply chains to create a reliable and efficient source of chemicals to address the unique needs of these developments.

    “ExxonMobil Guyana and Baker Hughes share a long history of supporting Guyana’s energy sector, and we look forward to working together to write its next chapter,” said Amerino Gatti, executive vice president, Oilfield Services & Equipment at Baker Hughes. “Our experience operating across the country’s energy supply chain and unmatched expertise in oilfield and industrial chemicals make Baker Hughes uniquely suited to support complex FPSO operations such as these.”

    Uaru and Whiptail mark ExxonMobil Guyana’s fifth and sixth projects in the country. The two developments will include up to 20 drill centers and 92 production and injection wells. Each FPSO will have a capacity of 250,000 barrels per day, bringing the country’s total daily production capacity to approximately 1.3 million barrels.

    Baker Hughes has a strong history of localization in Guyana and in 2022, celebrated the opening of a multimodal supercenter in Georgetown. The company also provides a variety of services and equipment to operators in the country, including turbomachinery for ExxonMobil Guyana’s FPSO fleet and production chemicals for the Liza Unity vessel.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Media Relations

    Brian Reynolds
    +1 346-315-6663
    brian.reynolds@bakerhughes.com

    Investor Relations:

    Chase Mulvehill
    +1-346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI Australia: End The Gender Pay Gap Campaign

    Source: Workplace Gender Equality Agency

    Meet Sage, the star of WGEA’s new campaign to increase awareness and understanding of Australia’s gender pay gap. 

    Because it is your gender pay gap. 

    Perhaps you’re a woman earning, on average, $550 a week less than men in your workplace.

    Or maybe you’re a man who is finding it hard to access paid parental leave or flexible working arrangements which would significantly help improve you and your family’s wellbeing.

    These are some of the contributors to the gender pay gap, which ripples throughout Australian life and impacts every one of us.

    And we need to work together to help fix it and help make workplaces fairer.

    On March 4, WGEA will publish the gender pay gaps of over 9,200 private sector employers. 

    Many companies are making progress, but it’s slow. Far too slow for the many women and men disadvantaged by it.

    Did you know only 56% of employers improved their gender pay gap over the past 12 months?

    Men made up just 17% of people who took up primary carer’s parental leave.

    And 1 in 4 boards still don’t have a single woman on them.

    The evidence shows fixing these imbalances is possible. It leads to greater productivity and profitability, and healthier, happier workers. Which means a happier, more productive, Australia.

    In the lead up to the publishing of gender pay gaps, we all need to work together to speed up change.

    At the centre of this campaign is an interactive game – hosted by our friendly and hopeful quizmaster Sage – to  encourage Australians to test your knowledge and learn more about gender equality in the workplace.

    We hope it will spark conversations, and we encourage you to share your experiences with us through our social channels, as well as with your colleagues, family and friends.

    Play the game and inform yourself of the facts.

    You can then check your employer’s data – everything from the gender pay gap, the demographics of who is employed in what roles, to their policies on parental leave and flexible work.

    Take a look for yourself at www.wgea.gov.au/Data-Explorer

    If you want to take it further you can talk to your manager or HR. Ask questions. What is causing your employer’s gender pay gap? How does it affect you? And what steps are they taking to improve it?

    Dig into the data. Find the causes. And help to end the gender pay gap. #sageadvice

    End the Gender Pay Gap Quiz | WGEA

    Currently, women in Australian earn, on average, just 78 cents for every $1 men earn.

    WGEA CEO Mary Wooldridge invites Australians to join the campaign, take the quiz and help mobilise their employers to take action to address the issues that create the gender pay gap.

    “We encourage everyone to work with our quizmaster Sage and learn about Australia’s gender pay gap and help share that knowledge – as well as their own experiences – with their colleagues, family and friends.

    “We hope this campaign prompts a conversation, and encourages employees to seek answers for themselves about where their employer stands on gender equality.

    “Every conversation reminds managers and executives of the importance of a workplace where people are fairly represented and equally valued.”

    WGEA supports employers to help them work towards this goal.

    “WGEA has lots of tools and resources on the Take Action page of our website to help employers investigate and act on their gender pay gaps,” Ms Wooldridge says.

    “The first step is to conduct a gender pay gap analysis to see where inequalities exist and WGEA has masterclasses, guides and advice to help employers to do this.

    “Once they have identified any gaps in their composition or pay, they can use our Action Planning Playbook which will help them work towards a solution.” 

    One in three employers have not yet done a gender pay gap analysis to find out where their inequalities exist.

    And too many people are still confused and conflate the gender pay gap with equal pay.

    Equal pay is the legal requirement to pay people the same amount for doing the same job, or a job of similar value. This has been the law for over 50 years.

    The gender pay gap, meanwhile, shows the difference between the average or median amount men earn in a workplace compared with women.

    MIL OSI News –

  • MIL-OSI: Bitget Wallet Unveils PayFi Vision: Bridging Real-World Payments and Onchain Finance

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 03, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has unveiled its 2025 strategy with PayFi being a key focus. With over 60 million users, Bitget Wallet is bringing PayFi to the forefront of personal finance, transforming crypto from a passive asset into a powerful financial tool for everyday use. By combining the efficiency of crypto payments and the ability to earn through decentralized finance (DeFi), PayFi integrates earning, sending, and spending into an ecosystem that maximizes the utility of every dollar, ensuring that every transaction contributes to financial growth. Bitget Wallet is positioning itself as a financial superapp, bridging blockchain innovation and real-world usability to revolutionize how individuals manage their money.

    Bitget Wallet’s PayFi Flywheel transforms crypto wallets from passive storage tools into engines of financial empowerment. With its earning, sending, and spending ecosystem, users can deposit crypto assets, such as stablecoins, into savings accounts offering flexible, real-time yields. These yields aren’t locked away but directly fuel daily expenditures, from shopping to subscriptions, supporting the “Buy Now, Pay Never” concept, where DeFi yields cover part of the expenses. By converging earning, sending, and spending, powered by blockchain’s efficiency, PayFi creates an interconnected ecosystem that keeps money productive and empowers users to grow their assets seamlessly.

    “PayFi is not just a product; it’s a movement to make crypto a viable financial tool for billions globally,” said Alvin Kan, COO of Bitget Wallet. “By leveraging the PayFi Flywheel, we’re redefining personal finance, integrating blockchain-powered systems into everyday life. This marks a paradigm shift in how people manage money — empowering individuals with tools to maximize productivity and financial freedom while making crypto more practical and impactful worldwide.“

    A cornerstone of Bitget Wallet’s PayFi initiative is the upcoming Bitget Wallet Card, a crypto card supported by Mastercard and linked to a crypto-friendly, multi-currency international bank account. The card will enable seamless global spending, offering competitive exchange rates. In addition to the card, Bitget Wallet is building an in-app shopping experience through partnerships with companies such as Triple A, Bitrefill, IvendPay, PundiX, and Coinpal. These partnerships enable users to spend crypto on everyday services, from purchasing gift cards for top brands like Amazon and Apple to topping up mobile credits and making in-store payments via QR codes or blockchain-powered POS systems. This interconnected ecosystem broadens crypto’s real-world application, ensuring that earning, sending, and spending reinforce one another in a cycle of value creation.

    Bitget Wallet also plans to introduce enhanced earning features, offering flexible yield options ranging from low-risk returns to higher-yield opportunities. Users can keep their funds productive even while using them for daily spending, ensuring money generates yield while remaining accessible. Peer-to-peer transfers will be streamlined, allowing faster, cheaper, and more accessible crypto transactions for daily use and remittances. “We’ve seen exceptional growth in some regions driven by high inflation and limited banking access,” said Alvin Kan, COO of Bitget Wallet. “In Africa alone, user numbers grew over 1000% last year, with similar trends in the Middle East and Latin America. These figures underscore the rising demand for decentralized solutions, and with PayFi, we aim to empower underserved regions with accessible financial tools.“

    For further details, visit the Bitget Wallet blog.

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300 million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.
    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord
    For media inquiries, please contact media.web3@bitget.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fa77ce39-76f9-4073-9c48-3c2f5453bfb5

    ttps://www.globenewswire.com/NewsRoom/AttachmentNg/c70d1483-2e18-4003-86e2-a4991cc794ff

    The MIL Network –

  • MIL-OSI: Circuits Integrated Hellas Selected as Laureate for Paris Space Week 2025 Innovation Challenge

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, Feb. 02, 2025 (GLOBE NEWSWIRE) — Circuits Integrated Hellas (CIH), a pioneering innovator in advanced satellite communication (SatCom) technology, has been selected as a laureate startup to compete in the Innovation Challenge at Paris Space Week 2025 (PSW), taking place February 4-5 at Espace Champerret. As one of a handful of promising startups chosen for the challenge due to their technology’s potential to play a disruptive role in the space sector, CIH will present its groundbreaking flat panel antenna (FPA) chip solution to a group of the world’s top space industry contractors and investors.

    CIH’s proprietary FPA approach combines III-V compound semiconductors with silicon in a three-dimensional (3D) package, enabling lightweight, cost-efficient, and high-performance antenna systems tailored for Low Earth Orbit (LEO) satellite applications. The FPA chip design is executed within a compact system-in-package (SiP) and antenna-in-package (AiP) configuration, housing III-V antenna front ends and silicon circuitry in a minimized footprint.

    The prestigious PSW Innovation Challenge elevates visibility for promising innovations in aerospace technology while fostering collaboration between participants and key aerospace industry stakeholders. Following a rigorous evaluation process laureates are selected to give quick, high-level live presentations that explain their ideas and demonstrate their potential impact for the space industry. This year’s challenge will be held on February 4 at 3:00 p.m.

    “Our selection for the Innovation Challenge underscores the value of our mission to reshape the future of satellite communications by making advanced, high-efficiency FPA chips accessible to the SatCom industry,” said Paolo Fioravanti, CEO and co-founder of CIH. “We are honored to be part of this event and to the opportunities it affords for potential funding, partnerships, and further development opportunities in the aerospace sector.”

    CIH’s 3D chip stacking technology reduces antenna weight and size by 60% compared to traditional FPA chipsets, dramatically improving scalability and cost-effectiveness – both critical for the growing demands of LEO satellite deployment. In addition to participating in the Innovation Challenge, CIH will present “Semiconductor Innovation for the Satellite Sector” during the general conference program on February 4. Attendees can learn more about the company and its transformative roadmap for next-generation satellite communications by visiting CIH in booth E02 at Paris Space Week.

    This recognition follows CIH’s recent selection – from among more than 200 applicants – as one of the four winners of the ESA Partnership Initiative for Commercialization (EPIC) European-Singaporean Space Start-up Competition. The inaugural award recognizes the most promising European space-related start-ups with strong relationships and opportunities in Singapore. Together with the other winners, CIH will participate in the Global Space Technology Convention & Exhibition 2025, scheduled for February 26-27, 2025, at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore. Company executives will be available to meet with attendees interested in learning more about CIH’s game-changing FPA chip technology.

    About Circuits Integrated Hellas
    Headquartered in Athens, Greece, CIH is revolutionizing space communications with advanced semiconductor technologies, merging III-V materials and silicon in groundbreaking 3D IC stacks for flat panel antennas (FPAs). Focused on miniaturization, cost efficiency, and unparalleled performance, CIH enables next-generation satellite connectivity, powering a future where seamless global communication knows no boundaries. For more information, visit circuitsintegrated.com.

    For media inquiries, contact:

    The MIL Network –

  • MIL-OSI: EfTEN Real Estate Fund AS unaudited results for 4th quarter and 12 months 2024

    Source: GlobeNewswire (MIL-OSI)

    Fund manager’s comment

    Despite the challenging economic environment, EfTEN Real Estate Fund AS managed to increase both total rental income and portfolio EBITDA in 2024. The fund’s portfolio was expanded by two new logistics properties in the fourth quarter and we are also planning to expand in the nursing home segment. EfTEN Real Estate Fund AS is primarily a dividend share. The fund aims to distribute 1.1 euros of dividends per share for 2024. In the spring of 2025, the fund management plans to increase the financial leverage of investment properties that that are currently significantly below the financial leverage principles set out in the fund’s financing policy. While the usual leverage ratio of real estate funds in Europe is on average 50% of the market value of assets, EfTEN Real Estate Fund AS’s portfolio-wide LTV (Loan-to-value) was 40% at the end of 2024.

    For the first time since spring 2023, the weighted average interest rate on the fund’s bank loans has fallen below 5% by the end of the year. Due to the expected further decline in EURIBOR, the interest rate on the Fund’s loans will continue to decrease in 2025.

    The priority for 2025 is vacancy management. As of the end of the year, the portfolio’s total vacancy rate was 2.6%, with the office segment vacancy rate at 11.3%. This elevated vacancy in the office sector is primarily attributable to the ongoing renovation of the Menulio 11 office building in Vilnius, which alone accounts for 47% of the office segment’s total vacancy. In line with market expectations, the Menulio 11 office building fit-out will be changed to include smaller offices which are expected to be handed over to tenants in the first half of this year.

    After the balance sheet date, the tenant of the Laagri Hortes gardening center, which belongs to the fund’s subsidiary and was previously undergoing reorganization, filed for bankruptcy. Harju County Court accepted the tenant’s bankruptcy petition for processing, and the hearing is scheduled for March of this year. Given the strong market interest in the property, there are multiple alternatives for further action. The share of Laagri Hortes in the group’s consolidated real estate investments is less than 1%, and according to the group’s management, the tenant’s bankruptcy proceedings are not expected to cause a significant decrease in the fair value of the property. As of December 31, 2024, the free funds available in the subsidiary’s bank account cover the scheduled loan and interest payments for Laagri Hortes for the next 17 months.

    In November and December 2024, the fund carried out a secondary public offering of shares, raising a total of €11.8 million in capital at €19 per share.

    Financial overview

    EfTEN Real Estate Fund AS’ consolidated sales revenue for the fourth quarter of 2024 was 8.314 million euros, an increase of 211 thousand euros (2.6%) compared to the fourth quarter of 2023. EfTEN Real Estate Fund AS’ consolidated sales revenue for the first 12 months of 2024 was 32.238 million euros, an increase of 421 thousand euros (1%) compared to the previous year. The Group’s net rental income for the first 12 months of 2024 totalled 29.977 million euros, i.e. 369 thousand euros more than in 2023. The Group’s net profit for the same period was 13.564 million euros (2023: 1.0 million euros).

    The consolidated net rental income margin was 93% in 2024 (2023: same), thus costs directly related to property management (including land tax, insurance, maintenance and improvement costs) and marketing costs accounted for 7% (2023: same) of sales revenue.
    The Group’s assets as of 31.12.2024 were 398.763 million euros (31.12.2023: 380.944 million euros), including the fair value of investment properties accounting for 94% of the assets (31.12.2023: the same). 
    Investment portfolio

    As of the end of 2024, the Group has 36 (31.12.2023: 35) commercial real estate investments, the fair value of which at the balance sheet date is 373.815 million euros (31.12.2023: 357.916 million euros) and the acquisition cost is 370.561 million euros (31.12.2023: 354.408 million euros). In addition to the investment properties owned by the Fund’s subsidiaries, the Group’s 50% joint venture owns the Palace Hotel in Tallinn, the fair value of which as of 31.12.2024 was 8.630 million euros (31.12.2023: 9.0 million euros).

    Investments in 2024

     The Group made investments in both new properties and the existing portfolio in 2024 totaling 21.6 million euros, including the acquisition of a logistics center in Tallinn, Härgmäe 8, by the Group’s subsidiary EfTEN Härgmäe OÜ in the autumn of 2024, paying a total of 8.8 million euros for the property, and the acquisition of a logistics center under development in Tallinn, Paemurru tee 3, by the Group’s subsidiary EfTEN Paemurru OÜ in the autumn of 2024, paying a total of 1.2 million euros for the property. In addition, the Group paid a total of 2.76 million euros for the development of the Paemurru logistics center in 2024.

    In 2024, the group completed the first phase of development at the Ermi nursing home in Tartu, where a total of 3.19 million euros were invested in the reporting year. In addition, construction on the C-building of the Valkla nursing home began, with investments reaching 788 thousand euros in 2024.

    Major investments in existing buildings were made in 2024 in the Saules Miestas shopping center, where the public areas were renovated for 1.8 million euros, and in the AirBaltic office building in Riga, where 665 thousand euros were invested in the building’s insulation work. Of the remaining investments, 1.6 million euros was spent on the reconstruction and modernization of rental spaces in various office buildings.

    Sales in 2024

    In September 2024, the Group sold the Tähesaju Hortes property for 4.675 million euros. Despite the payment difficulties of the tenant of the Tähesaju property, the Group earned nearly 300 thousand euros in net cash flow from the investment since its completion in 2018. The Group invested the funds received from the sale of the Tähesaju property in the acquisition of the Härgmäe logistics center.

    Rental income

    In 2024, the group earned a total of 31.076 million euros in rental income, which is 2% more than in 2023. Rental income increased the most in shopping centers. Rental income in the office segment decreased mainly due to the expiration of the lease agreement with the anchor tenant of the Menulio 11 office building in Vilnius and the related vacancy. In 2024, renovation works of the vacant rental premises in the Menulio 11 office building began, which are planned to be completed during 2025.
    The Group’s investment property vacancy rate per portfolio was 2.6% as of 31 December 2024 (unchanged from 31 December 2023). The highest vacancy rate was in the office segment (11.3%), where filling vacant rental properties has taken longer than previously expected.      

    Financing

    In the fourth quarter of 2024, two new subsidiaries of the fund, EfTEN Härgmäe OÜ and EfTEN Paemurru OÜ, signed loan agreements for the acquisition and development of real estate. In 2024, the fund’s subsidiaries EfTEN Autokeskus OÜ and EfTEN Jurkalne SIA extended the loan agreements concluded with the bank. The loan agreements of six subsidiaries of the group will expire within the next 12 months, the balance of which as of 31.12.2024 was 20,380 thousand euros. The LTV of the expiring loan agreements ranges from 27% to 48%, and the real estate investments have a stable rental cash flow, therefore, according to the group’s management, there will be no obstacles to extending the loan agreements.

    The weighted average interest rate of the Group’s loan agreements as of 31.12.2024 was 4.89% (31.12.2023: 5.91%) and the LTV (Loan to Value) was 40% (31.12.2023: 42%). All loan agreements of the Fund’s subsidiaries were linked to a floating interest rate in 2024.

    The Fund’s interest coverage ratio (ICR) for loans was 3.0 in 2024. Due to the increase in EURIBOR in the first half of 2024 and the increase in liabilities, the interest coverage ratio was 10% lower than in 2023.

    Information on shares

    In the last quarter of 2024, the fund carried out a share issue, during which 620,544 new shares were subscribed for at a price of 19 euros, of which the nominal value was 10 euros and the share premium was 9 euros. A total of 11.79 million euros was raised during the issue, including an increase in the fund’s share capital by 6.205 million euros and a share premium of 5.585 million euros. There were 0.159 million euros in expenses directly related to the issue. As of 31.12.2024, the fund had 11,440,340 shares.

    The net asset value (NAV) of EfTEN Real Estate Fund AS shares as of 31.12.2024 was 20.37 euros (31.12.2023: 20.21 euros). EfTEN Real Estate Fund AS’s net asset value per share increased by 0.8% in 2024. The fund distributed dividends in the total amount of 10.82 million euros in April 2024. Without the distribution the net asset value of EfTEN Real Estate AS shares would have increased by 4.9% in 2024.

    During 2024, the group has earned free cash flow of 11.109 million euros (2023: 11.314 million euros), of which 8.887 million euros (77.68 eurocents per share) could be considered gross dividends according to the fund’s dividend policy The fund’s management plans to refinance bank loans in the spring of 2025, where the LTV (Loan-to-Value) has fallen significantly below the fund’s financing policy threshold, and the operating cash flow exceeds loan and interest payments by more than twice. According to the management’s estimate, the refinancing would allow to increase the distributed dividend up to 1.1 euros per share (net).

    CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 

      IV quarter 12 months
      2024 2023 2024 2023
    € thousands        
    Revenue 8,314 8,103 32,238 31,817
    Cost of services sold -337 -506 -1,569 -1,626
    Gross profit 7,977 7,597 30,669 30,191
             
    Marketing costs -203 -190 -692 -583
    General and administrative expenses -987 -978 -3,666 -3,546
    Profit / loss from valuation of investment properties 831 -7,759 -1,038 -13,941
    Other operating income and expense 1 -2 46 21
    Operating profit/loss 7,619 -1,332 25,319 12,142
             
    Profit / loss from joint ventures 53 -474 -118 -499
    Interest income 62 87 278 184
    Other finance income and expense -2,052 -2,277 -8,696 -7,970
    Profit before income tax 5,682 -3,996 16,783 3,857
             
    Income tax expense -2,222 -1,884 -3,219 -2,857
    Net profit for the reporting period 3,460 -5,880 13,564 1,000
    Net comprehensive profit for the reporting period 3,460 -5,880 13,564 1,000
    Earnings per share        
       – basic 0.32 -0.54 1.25 0.09
       – diluted 0.32 -0.54 1.25 0.09

    CONSOLIDATED STATEMENT OF FINANCIAL POSITION

      31.12.2024 31.12.2023
    € thousands    
    ASSETS    
    Cash and cash equivalents 18,415 14,712
    Short-term deposits 2,092 3,400
    Receivables and accrued income 2,055 2,360
    Prepaid expenses 138 106
    Total current assets 22,700 20,578
         
    Long-term receivables 154 214
    Shares in joint ventures 1,960 2,078
    Investment property 373,815 357,916
    Property. plant and equipment 134 158
    Total non-current assets 376,063 360,366
    TOTAL ASSETS 398,763 380,944
         
    LIABILITIES AND EQUITY    
    Borrowings 25,625 16,907
    Liabilities and prepayments 3,245 3,417
    Total current liabilities 28,870 20,324
         
    Borrowings 123,795 130,849
    Other long-term liabilities 1,928 1,790
    Deferred income tax liability 11,097 9,283
    Total non-current liabilities 136,820 141,922
    Total liabilities 165,690 162,246
         
    Share capital 114,403 108,198
    Share premium 90,306 84,721
    Statutory reserve capital 2,799 2,749
    Retained earnings 25,565 23,030
    TOTAL EQUITY 233,073 218,698
    TOTAL LIABILITIES AND EQUITY 398,763 380,944

    Marilin Hein
    CFO
    Phone +372 6559 515
    E-mail: marilin.hein@eften.ee

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Money Market Operations as on February 01, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 31,331.38 6.04 3.50-6.65
         I. Call Money 1,388.90 6.24 5.50-6.65
         II. Triparty Repo 29,352.60 6.06 5.00-6.55
         III. Market Repo 589.88 4.60 3.50-6.00
         IV. Repo in Corporate Bond 0.00 – –
    B. Term Segment      
         I. Notice Money** 25.00 6.10 6.10-6.10
         II. Term Money@@ 0.00 – –
         III. Triparty Repo 0.00 – –
         IV. Market Repo 0.00 – –
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Sat, 01/02/2025 1 Sun, 02/02/2025 167.00 6.75
      Sat, 01/02/2025 2 Mon, 03/02/2025 350.00 6.75
    4. SDFΔ# Sat, 01/02/2025 1 Sun, 02/02/2025 1,09,459.00 6.25
      Sat, 01/02/2025 2 Mon, 03/02/2025 10,052.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,18,994.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 31/01/2025 3 Mon, 03/02/2025 1,00,013.00 6.51
         (b) Reverse Repo          
    3. MSF# Fri, 31/01/2025 2 Sun, 02/02/2025 0.00 6.75
      Fri, 31/01/2025 3 Mon, 03/02/2025 1,910.00 6.75
    4. SDFΔ# Fri, 31/01/2025 2 Sun, 02/02/2025 0.00 6.25
      Fri, 31/01/2025 3 Mon, 03/02/2025 5,176.00 6.25
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,68,399.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,49,405.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 01, 2025 9,49,696.17  
         (ii) Average daily cash reserve requirement for the fortnight ending February 07, 2025 9,12,544.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 31, 2025 1,00,013.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 -40,102.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2066

    MIL OSI Economics –

  • MIL-Evening Report: The AEC wants to stop AI and misinformation. But it’s up against a problem that is deep and dark

    Source: The Conversation (Au and NZ) – By Susan Grantham, Lecturer in Communication, Griffith University

    From the moment you open your social media feed, you’re stepping into a digital battleground where not all political messages are what they seem.

    The upcoming federal election will see an influx of deepfakes, doctored images, and tailored narratives that blur the line between fact and fiction.

    Last week, the Australian Electoral Commission (AEC) relaunched its Stop and Consider campaign. The campaign urges voters to pause and reflect, particularly regarding information about how to vote. But its message applies to all forms of misinformation.

    AEC Commissioner Jeff Pope warns:

    A federal election must be held in the next few months, so now is the perfect time to encourage all Australians to have a healthy degree of scepticism when it comes to what they see, hear or read.

    The simple directives outlined in this campaign are designed to slow the spread of misleading information in a digital age where algorithms boost engagement at speed.

    So how effective is it likely to be in helping voters sift the real from the fake? While the campaign benefits from the AEC’s credibility and its accessible message, it also faces significant hurdles.

    Digital deception in action

    In 2024, AI made a notable impact on international political campaigns.

    In the US, the Federal Communications Commission fined a political consultant $6 million for orchestrating fake robocalls that featured an AI-generated deepfake of President Joe Biden’s voice.

    During India’s 2024 election, Meta (which owns Facebook) approved AI-manipulated ads spreading disinformation and hate. This exacerbated divisive narratives and failing to regulate harmful content.

    Meanwhile, the Australian Labor Party deployed an AI-generated video of opposition leader Peter Dutton as part of its online efforts.

    Additionally, the Liberal Party has again engaged duo Topham Guerin, who are known for their use of AI and controversial political tactics.

    Political leaders are increasingly turning to platforms like TikTok to attract votes. But one of the problems with TikTok for users is that it encourages endless scrolling and can cause users to miss subtle inaccuracies.

    Adding to these concerns is a recent scam in which doctored images and fabricated celebrity headlines were circulated. It created the illusion of legitimacy and defrauded many Australians of their money.

    These incidents are a stark reminder of how quickly digital manipulation can mislead, whether in commercial scams or political messaging.

    But are we taking it seriously?

    South Korea has taken a decisive stance against AI-generated deepfakes in political campaigns by banning them outright. Penalties include up to seven years in prison or fines of 50 million won (A$55,400). This measure forms part of a broader legal framework designed to enforce transparency, accountability, and ethical AI use.

    In Australia, teal independents are calling for stricter truth in political advertising laws. The proposed laws aim to impose civil penalties for misleading political ads, including disinformation and hate speech.

    However, combating misinformation created by anonymous or unknown parties, such as AI-generated deepfakes, remains a challenge that may require further regulatory measures and technological solutions.

    All of this is unfolding at a time when the approach to fact-checking is itself in flux. In January, Meta made headlines by scrapping its third-party fact-checking program in the US. This was done in favour of a “community notes” system. The change was championed by CEO Mark Zuckerberg as a way to reduce censorship and protect free expression.

    However, critics warn that without independent oversight, misinformation could spread more easily, potentially leading to a surge in hate speech and harmful rhetoric. These shifts in digital policy only add to the challenge of ensuring that voters receive reliable information.

    So, will the AEC’s campaign have any effect?

    Amid these challenges, the “Stop and Consider” campaign arrives at a critical moment. Yet despite scholars’ repeated calls to embed digital literacy in school curriculums and community programs, these recommendations often go unheard.

    The campaign is a positive step, offering guidance in an era of rapid digital manipulation. The simple message – to pause and verify political content — can help foster a more discerning electorate.

    However, given the volume of misinformation and sophisticated targeting techniques, the campaign alone is unlikely to be a silver bullet. Political campaigns are growing ever more sophisticated. With the introduction of anonymous deepfakes, voters, educators, regulators, and platforms must work together to ensure the truth isn’t lost in digital noise.

    A robust foundation in digital literacy is vital. Not only for this campaign to work but to help society distinguish credible sources from deceptive content. We must empower future voters to navigate the complexities of our digital world and engage more fully in democracy.

    Globally, diverse strategies provide valuable insights.

    While Australia’s “Stop and Consider” campaign takes a reflective approach, Sweden’s “Bli inte lurad” initiative is refreshingly direct. It warns citizens: “Don’t be fooled.”

    By delivering clear, actionable tips to spot scams and misleading content, the Swedish model leverages its strong tradition of public education and consumer protection.

    This no-nonsense strategy reinforces digital literacy efforts. It also highlights that safeguarding the public from digital manipulation requires both proactive education and robust regulatory measures.

    It may be time for Australian regulators to act decisively to protect the integrity of democracy.

    Susan Grantham 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. The AEC wants to stop AI and misinformation. But it’s up against a problem that is deep and dark – https://theconversation.com/the-aec-wants-to-stop-ai-and-misinformation-but-its-up-against-a-problem-that-is-deep-and-dark-248773

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: With the Gaza ceasefire in the balance, all eyes are on Benjamin Netanyahu’s trip to Washington

    Source: The Conversation (Au and NZ) – By Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University

    The brittle Gaza ceasefire between Israel and Hamas continues against all odds, given the depth of distrust and animosity between the warring parties.

    Since its enactment nearly three weeks ago, Hamas has released more than a dozen Israeli hostages captured on October 7 2023, in return for some 400 Palestinian prisoners from Israeli jails. Should the process move forward as relatively smoothly as it has so far, more hostages and prisoners are set to be freed during the remainder of the first stage of the truce.

    This is cause for a degree of optimism. However, negotiating the length, terms and implementation of the second and third stages of the ceasefire will prove very rocky.

    Israeli Prime Minister Benjamin Netanyahu, for instance, has already declared the ceasefire to be “temporary”.

    During the second stage, all Israeli hostages (alive and dead) are supposed to be freed in exchange for hundreds of prisoners. Israel is also expected to withdraw all its forces from Gaza as a prelude to the reconstruction of the coastal enclave in the final stage of the ceasefire.

    There are many issues that could derail the process, two of which are crucial:

    • Israel’s unrealised goal of wiping out Hamas and securing Gaza for itself

    • Hamas’ resolve to regain sovereign control over Gaza.

    Another factor is the influence of the new US president, Donald Trump. While
    Netanyahu has the full support of Trump, it remains unclear how much appetite the US leader has for more conflict in the Middle East.

    A meeting between the two in Washington this week could be pivotal to the success of the next phase of the ceasefire – or the resumption of the Gaza war.

    Hamas’ survival at odds with Israel’s war aims

    Israel has certainly degraded Hamas over the past 15 months of its scorched-earth operations in Gaza, which it launched in response to Hamas’ attacks on October 7 2023. However, it has not eliminated the group.

    The appearance of well-armed and well-composed Hamas fighters in the choreographed three rounds of hostage transfers in the areas that Israel has demolished testifies to the group’s survival.

    It essentially signals the failure of Netanyahu and his extremist supporters to achieve their main goals of uprooting Hamas and securing the release of the hostages through military action.

    Netanyahu’s acceptance of the ceasefire at this point clearly underlines the futility of the use of force as the only means to seek vengeance against Hamas. With the conflict in a stalemate for months, he could have embraced the ceasefire much earlier, thereby securing a quicker hostage release without more lives lost or more damage to Israel’s already-tarnished international reputation.

    Hamas’ survival means it is still a dangerous force, former US Secretary of State Antony Blinken said in mid-January. He said the group has “recruited almost as many new militants as it has lost” in the war.

    Reports also indicate Hamas has also maintained its control over Gaza’s administration and security forces, despite Israel’s efforts to destroy it.

    If that is the case, Israeli citizens – who have been highly polarised between those wanting the return of the hostages via a ceasefire and those backing Netanyahu’s government to continue the war – have the right to seriously question the prime minister’s leadership.

    The same applies to Israel’s outside supporters, especially the United States.

    Yet, this may not happen. The war-makers may win over the peace aspirants. For Netanyahu and his backers, the job is not finished. Many observers believe the very survival of Hamas can only motivate them further to resume the war once all the hostages are freed.

    What does Trump want?

    The future of the ceasefire now seems to hinge on Netanyahu’s meeting with Trump in Washington. According to media reports, the Israeli leader is keen to see where Trump stands on the second phase of the deal before negotiations continue.

    Trump recently doubled down on his suggestion to “clear out” Gaza’s 2.3 million citizens – though he has mentioned a figure of 1.5 million – by relocating them to Egypt and Jordan. Given the previous statements of the extremists in Netanyahu’s shaky coalition, nothing would please them more than a depopulated and annexed Gaza.

    Cairo and Amman, as well as other Arab countries, have firmly rejected the idea. Hamas and the enfeebled Palestinian Authority in the West Bank have outrightly condemned it.

    But Trump has insisted the Egyptian and Jordanian leaders would eventually come around because the US does a lot for them – referring presumably to their dependence on substantial annual American aid.

    If this plan were to transpire, it would not only be a recipe for more bloodshed and instability in the Middle East, but also more betrayal of the Palestinian cause and the two-state solution by the international community.

    While a ray of hope exists for the continuation of the ceasefire and the implementation of the ceasefire’s second stage, it is still very possible that Netanyahu will return to military action to destroy Hamas and annex part or all of Gaza along the lines of what Trump has suggested.

    The Trump-Netanyahu bond is so strong that it could even enable the Israeli leader to declare sovereignty over the West Bank.

    Given these uncertainties, the third stage of the ceasefire regarding the reconstruction of Gaza, which is estimated to be upwards of US$80 billion (A$1.3 trillion), is at this point nothing more than words on a piece of paper.

    Amin Saikal 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. With the Gaza ceasefire in the balance, all eyes are on Benjamin Netanyahu’s trip to Washington – https://theconversation.com/with-the-gaza-ceasefire-in-the-balance-all-eyes-are-on-benjamin-netanyahus-trip-to-washington-248873

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Supersonic jets are making a comeback – but despite the hype, don’t expect to book yet

    Source: The Conversation (Au and NZ) – By Chris James, UQ Amplify Senior Lecturer, Centre for Hypersonics, School of Mechanical and Mining Engineering, The University of Queensland

    Rendering of Boom Supersonic’s proposed Overture supersonic airliner. Boom Supersonic

    Late last week, American company Boom Supersonic flew faster than the speed of sound with its XB-1 supersonic demonstrator aircraft. It’s now the first piloted non-military aircraft to break the sound barrier since the Concorde was retired from service in 2003.

    It’s the first step in Boom’s ambitious goal to have supersonic airliners carry passengers by 2029.

    But what exactly is supersonic travel? There are good reasons why it’s not more common, despite the hype.

    Boom Supersonic’s XB-1 supersonic demonstrator aircraft during its 11th test flight where it became the first civilian aircraft to fly supersonically since the Concorde.
    Boom Supersonic

    What is supersonic flight?

    The Mach number is defined as a plane’s speed divided by the speed that sound waves move through the air. To “break the sound barrier” means to fly faster than the speed of sound, with Mach numbers greater than 1.

    The Mach number is an important ratio: as a plane flies, it disturbs the air in front of it. These disturbances move at the speed of sound. In supersonic flight these disturbances combine to form shock waves around the vehicle.

    When people say you can see a fighter jet before you hear it, they’re referring to supersonic flight: fighter jets can travel at around Mach 2.

    The sound from the fighter jet is trapped inside its shock wave; until the shock wave moves to your position on the ground, you won’t hear the plane.

    Illustration of how disturbances propagate in subsonic, Mach 1, and supersonic flow.
    Chabacano/Wikimedia Commons, CC BY-SA

    The allure of supersonic travel

    For efficiency reasons, most passenger jets cruise slightly slower than the speed of sound, at around Mach 0.8 (this is subsonic flight).

    Boom plans to build an airliner called Overture that can fly at Mach 1.7. Flying supersonically can drastically decrease flight times. The company claims a trip from New York to Rome on Overture could take just four hours and 40 minutes, instead of eight hours.

    Boom isn’t the only company working on this lofty goal. American firm Spike Aerospace is also developing a supersonic business jet, with the tagline “delivering the world in half the time”.

    This is the value proposition of supersonic passenger travel.

    In limited ways, it did already exist in the 20th century. However, due to timing, bad luck and the laws of physics, it didn’t continue.

    Remember the Concorde?

    Designs for supersonic airliners began in the mid-20th century, and by the 1970s we had supersonic passenger flight.

    There was the little-known Russian Tupolev-144 and Concorde, a Franco-British supersonic airliner operated by British Airways and Air France from 1976 to 2003.

    Concorde had a capacity of up to 128 passengers and cruised at Mach 2. It regularly travelled from London to New York in around three hours. The flights were expensive, mainly shuttling business people and the rich and famous.

    British Airways Concorde in flight.
    Wikimedia Commons/Eduard Marmet, CC BY-SA

    Why supersonic passenger flight didn’t take off

    Concorde was designed in the 1960s when it seemed like supersonic passenger transport was going to be the next big thing.

    Instead, the Boeing 747 entered commercial service in 1970. Cheap, large and efficient airliners like it blew Concorde out of the water.

    Designed to cruise efficiently at supersonic speeds, Concorde was extremely fuel inefficient when taking off and accelerating. Concorde’s expensive, “gas guzzling” nature was a complaint levelled against it for most of its lifetime.

    A catastrophic 1973 Paris air show crash of the competing Russian airliner, Tupolev Tu-144, also shifted public perception on supersonic flight safety at a time when many airlines were considering whether or not to purchase Concordes.

    Only 20 Concordes were manufactured out of the planned 100. It is still disputed today whether Concorde ever made money for the airlines who operated it.

    Illustration of a shock wave propagating from a supersonic aeroplane and hitting the ground to produce a sonic boom.
    Cmglee/Wikimedia Commons, CC BY-SA

    Noise is a real problem for supersonic flight

    Remember the fighter jets? When a plane travels supersonically, its shock waves propagate to the ground, causing loud disturbances called sonic booms. In extreme cases they can shatter windows and damage buildings.

    In the early 1970s, sonic boom concerns led the United States government to ban supersonic passenger flight over land in the US. This hurt the Concorde’s potential market, hence its only two regular routes were trans-Atlantic flights principally over the water.

    The Concorde was also a very loud plane at take off, since it needed a lot of thrust to leave the ground.

    Video footage of the final Concorde takeoff from New York’s JFK airport.

    The future of supersonic travel

    A future for supersonic travel relies on solving some or all of the issues Concorde faced.

    NASA and Lockheed Martin’s Quesst project aims to show sonic boom can be dissipated to manageable levels. They plan to fly their X-59 supersonic aircraft over US cities and gauge responses from citizens.

    Quesst aims to use the geometry of the X-59, with a long elongated nose, to dissipate sonic booms to a weak “thump”, hopefully allowing supersonic airliners to travel over land in the future.

    NASA’s X-59 quiet supersonic research aircraft.
    NASA/Steve Freeman

    Spike Aerospace’s Spike S-512 Diplomat concept also aims to be a “quiet” supersonic aircraft with a less disruptive sonic boom.

    Can Boom surpass Concorde?

    Boom Supersonic don’t plan to fly supersonically over land. Their plan is to fly over land at Mach 0.94, which they claim will allow 20% faster overland travel than standard passenger airliners, even subsonically.

    They also claim the design of their engines will ensure Overture is no louder than modern subsonic airliners when it takes off.

    Rendering of Boom Supersonic’s Overture supersonic airliner on the runway.
    Boom Supersonic

    In terms of gas guzzling, they plan to use up to 100% sustainable aviation fuel to reduce emissions and their carbon footprint.

    Concorde was made of aluminium using design tools available in the 1960s. Modern design methods and modern aerospace materials such as titanium and carbon fibre should also allow Overture and similar craft to weigh much less than Concorde, improving efficiency.

    While Boom are currently receiving a lot of interest, with orders from many airlines, Concorde did have similar commitment before it become available. Most of it didn’t eventuate.

    Additionally, Concorde was the product of an analogue era when the idea of flying to London or New York for the day for an important business meeting seemed like a necessary thing. In a world of remote work and video meetings, is there still a need for a supersonic airliner in the 2020s?

    For now, supersonic airliners like Overture are likely to remain in the realm of the rich and famous, like Concorde did. But with modern technological advances, it will be interesting to see whether supersonic passenger travel once again becomes reality – or even goes mainstream. Only time will tell.

    Chris James receives funding from the Australian Research Council, the Commonwealth Defence Science and Technology Group (DSTG), and the US Office of Naval Research.

    – ref. Supersonic jets are making a comeback – but despite the hype, don’t expect to book yet – https://theconversation.com/supersonic-jets-are-making-a-comeback-but-despite-the-hype-dont-expect-to-book-yet-248656

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Poison baits were used on 1,400 feral cats, foxes and dingoes. We studied their fate to see what works

    Source: The Conversation (Au and NZ) – By Pat Taggart, Adjunct Fellow in Ecology, University of Adelaide

    Bee Stephens, CC BY

    Poisoned baits are the main way land managers control foxes, feral cats and dingoes. Baiting is done to reduce livestock and economic losses, or pressure on endangered wildlife.

    Millions of baits are laid annually. But we still don’t understand how effective baiting actually is. Current evidence paints a mixed picture. That’s a problem, because baiting can have unintended consequences, such as killing native animals we don’t want to target. Some research suggests baiting can actually increase attacks on livestock, or that poisoning dingoes can increase feral cat and fox numbers and worsen the damage to native wildlife.

    We need better evidence on what baiting does and doesn’t do. Our new research draws on data from 34 previous studies assessing baiting effectiveness. In total, these largely Australian studies summarised the fate of more than 1,400 cats, foxes and dingoes. We used these data sets to conduct the most comprehensive analysis of baiting effectiveness to date.

    Biosecurity officers drying meat baits for a baiting program in Broken Hill in 2019.
    NSW Government, Local Land Services, Western Region, CC BY

    Baiting is ubiquitous

    Baits can be purchased commercially or produced in-house. In some states, land managers can bring meat baits to government authorities to have poison added free of charge. They are then distributed by vehicle along tracks and roads or dropped from aircraft across vast areas of Australia, New Zealand and islands worldwide.

    Single baiting programs can sometimes cover areas larger than 9,000 square kilometres – a land area similar to Puerto Rico or Cyprus.

    So how can we best undertake these baiting programs?

    1. Baiting does work

    Across the 34 studies, baiting cut predator survival in half (51.7%) – substantially higher than the death rate in unbaited areas (16%).

    This finding was broadly consistent regardless of whether baits were placed along tracks and roads or scattered over broader areas.

    In some cases, predator numbers can recover rapidly following baiting. Under favourable conditions, feral cat and fox populations can double in a year, while dingo populations can grow 50% annually. But, under average conditions, such high rates of population increase are likely uncommon.

    Predators from outside the control area can rapidly repopulate areas after a baiting program. For example, multiple studies have found no change in fox numbers even when baiting was conducted at monthly intervals. Similar results have been found after intensive fox shooting.

    But there are also examples where prolonged, broad-scale baiting has worked well. To protect the threatened yellow footed rock wallaby, researchers baited around wallaby populations in New South Wales and South Australia and largely eliminated foxes from large areas. Wallaby numbers then increased.

    2. Feral cats take baits too

    Feral cats are opportunistic ambush predators and hunt a wide range of prey. They’re visually driven and prefer fresh meat. For these reasons, it’s long been thought they are less likely to eat poisoned bait than foxes and dingoes.

    Feral cats are silent, stealthy hunters who prefer to hunt rather than scavenge.
    Vanessa Westcott, CC BY

    But our analysis doesn’t support this – feral cats appeared to be just as susceptible to baits as foxes and dingoes. That’s good news for wildlife.

    Significant and ongoing work has been put into designing better baits for feral cats to increase consumption rates. The most widely known of these baits is Eradicat, a sausage-style bait.

    While this bait is aimed at feral cats, our analysis didn’t provide strong evidence showing Eradicat actually killed more feral cats than other poison bait recipes. This suggests any bait is more effective than no bait when it comes to cat control.

    Eradicat baits have to be sweated to bring out the oils and make them more appealing.
    Luke Bayley, CC BY

    3. Blanket coverage works better

    In land manager circles, there’s a long-running debate over how best to bait. Some advocate putting out more baits over the same area, while others suggest more frequent baiting is better.

    So which is it? Our analysis shows more baits in an area is likely to equate to better control of predators, while distributing baits more frequently may not have the same effect.

    Why is this? Like people, animals are individuals, with their own behavioural tendencies. Wary animals may never take baits. Some foxes are known to store baits to eat later, by which time the baits may be less toxic, sickening rather than killing the animal.

    This is believed to lead to bait aversion, where foxes avoid baits in the future due to previous bad experiences – just as we might avoid foods which made us sick.

    A single, more intensive application of bait is likely to work better because susceptible predators eat the bait and die, and there is limited opportunity for bait aversion to develop. In contrast, more frequent baiting in a short period of time are of limited benefit because animals learn to avoid them.

    Dingoes have been routinely baited for decades.
    Ian Mayo, CC BY

    Fresh baits have long been believed to be eaten more readily than dry baits.

    But our analysis shows this may not always be true. Overall, the type of bait had little impact on whether or not it led to reduced predator survival.

    Optimising baiting

    More efficient control of predators will mean fewer baits are needed to achieve the same result. That, in turn, means less risk of harming other native animals, as well as reducing how much work and money it costs to control feral cats, foxes and dingoes.

    Our research shows baiting does indeed cut the number of predators prowling an area. But it also shows many factors we thought were important in making a baiting program effective may only have a limited effect.

    The goal of poison baiting is to reduce the damage predators do to livestock and wildlife. Baiting is an important and effective tool in reducing predator pressure on threatened species. But its efficacy – and the risk other animals could take the bait – means we have a responsibility to continually optimise its use and ensure its application is targeted.

    Pat Taggart receives funding from the federal Department of Agriculture, Fisheries and Forestry.

    Daniel Noble receives funding from the Australian Research Council.

    Yong Zhi Foo receives funding from the the Australian Research Council.

    – ref. Poison baits were used on 1,400 feral cats, foxes and dingoes. We studied their fate to see what works – https://theconversation.com/poison-baits-were-used-on-1-400-feral-cats-foxes-and-dingoes-we-studied-their-fate-to-see-what-works-246324

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Can you get sunburnt or UV skin damage through car or home windows?

    Source: The Conversation (Au and NZ) – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Zac Harris/Unsplash

    When you’re in a car, train or bus, do you choose a seat to avoid being in the sun or do you like the sunny side?

    You can definitely feel the sun’s heat through a window. But can you get sunburn or skin damage when in your car or inside with the windows closed?

    Let’s look at how much UV (ultraviolet) radiation passes through different types of glass, how tinting can help block UV, and whether we need sunscreen when driving or indoors.

    What’s the difference between UVA and UVB?

    Of the total UV radiation that reaches Earth, about 95% is UVA and 5% is UVB.

    UVB only reaches the upper layers of our skin but is the major cause of sunburn, cataracts and skin cancer.

    UVA penetrates deeper into our skin and causes cell damage that leads to skin cancer.

    UVA penetrates deeper than UVB.
    Shutterstock/solar22

    Glass blocks UVA and UVB radiation differently

    All glass used in house, office and car windows completely blocks UVB from passing through.

    But only laminated glass can completely block UVA. UVA can pass through other glass used in car, house and office windows and cause skin damage, increasing the risk of cancer.

    Car windscreens block UVA, but the side and rear windows don’t

    A car’s front windscreen lets in lots of sunshine and light. Luckily it blocks 98% of UVA radiation because it is made of two layers of laminated glass.

    But the side and rear car windows are made of tempered glass, which doesn’t completely block UVA. A study of 29 cars found a range from 4% to almost 56% of UVA passed through the side and rear windows.

    The UVA protection was not related to the car’s age or cost, but to the type of glass, its colour and whether it has been tinted or coated in a protective film. Grey or bronze coloured glass, and window tinting, all increase UVA protection. Window tinting blocks around 95% of UVA radiation.

    In a separate study from Saudi Arabia, researchers fitted drivers with a wearable radiation monitor. They found drivers were exposed to UV index ratings up to 3.5. (In Australia, sun protection is generally recommended when the UV index is 3 or above – at this level it takes pale skin about 20 minutes to burn.)

    So if you have your windows tinted, you should not have to wear sunscreen in the car. But without tinted windows, you can accumulate skin damage.

    UV exposure while driving increases skin cancer risk

    Many people spend a lot of time in the car – for work, commuting, holiday travel and general transport. Repeated UVA radiation exposure through car side windows might go unnoticed, but it can affect our skin.

    Indeed, skin cancer is more common on the driver’s side of the body. A study in the United States (where drivers sit on the left side) found more skin cancers on the left than the right side for the face, scalp, arm and leg, including 20 times more for the arm.

    Another US study found this effect was higher in men. For melanoma in situ, an early form of melanoma, 74% of these cancers were on the on the left versus 26% on the right.

    Earlier Australian studies reported more skin damage and more skin cancer on the right side.

    Cataracts and other eye damage are also more common on the driver’s side of the body.

    What about UV exposure through home or office windows?

    We see UV damage from sunlight through our home windows in faded materials, furniture or plastics.

    Most glass used in residential windows lets a lot of UVA pass through, between 45 and 75%.

    Residential windows can let varied amounts of UVA through.
    Sherman Trotz/Pexels

    Single-pane glass lets through the most UVA, while thicker, tinted or coated glass blocks more UVA.

    The best options are laminated glass, or double-glazed, tinted windows that allow less than 1% of UVA through.

    Skylights are made from laminated glass, which completely stops UVA from passing through.

    Most office and commercial window glass has better UVA protection than residential windows, allowing less than 25% of UVA transmission. These windows are usually double-glazed and tinted, with reflective properties or UV-absorbent chemicals.

    Some smart windows that reduce heat using chemical treatments to darken the glass can also block UVA.

    So when should you wear sunscreen and sunglasses?

    The biggest risk with skin damage while driving is having the windows down or your arm out the window in direct sun. Even untinted windows will reduce UVA exposure to some extent, so it’s better to have the car window up.

    For home windows, window films or tint can increase UVA protection of single pane glass. UVA blocking by glass is similar to protection by sunscreen.

    When you need to use sunscreen depends on your skin type, latitude and time of the year. In a car without tinted windows, you could burn after one hour in the middle of the day in summer, and two hours in the middle of a winter’s day.

    But in the middle of the day next to a home window that allows more UVA to pass through, it could take only 30 minutes to burn in summer and one hour in winter.

    When the UV index is above three, it is recommended you wear protective sunglasses while driving or next to a sunny window to avoid eye damage.

    Theresa Larkin 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. Can you get sunburnt or UV skin damage through car or home windows? – https://theconversation.com/can-you-get-sunburnt-or-uv-skin-damage-through-car-or-home-windows-246599

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Political donations data show who’s funding whom in Australia – but they are coming out far too late

    Source: The Conversation (Au and NZ) – By Kate Griffiths, Deputy Program Director, Budgets and Government, Grattan Institute

    As federal parliament reconvenes this week, the pre-election buzz is palpable. When will the election be called? Which policies are on the table? And who’s backing whom in this election campaign?

    While the first two questions are yet to be answered, we ought to have a better sense of the third with the release of the annual political donations data.

    There’s plenty to unpick in the new data but there’s one glaring problem: we are only just now learning about donations made in 2023–24. Australians are left in the dark about who is donating right now.

    Here’s what happened in 2023–24

    In 2023–24, Australia’s political parties collectively raised $166 million, with most of the money (85%) flowing to the major parties. In federal election years the totals can be more than double this, and donations at the past two federal elections have been heavily dominated by Clive Palmer giving to his own party (in 2019 and 2022).

    The Coalition raised $74 million in 2023–24, with Labor not far behind on $68 million. The Greens were a distant third, with $17 million. Independents collectively declared just $2 million. In the lead-up to the last federal election, Labor raised $124 million, and the Coalition raised $115 million, so we would expect the major parties are raising much more right now.

    The big donors

    A few big donors dominate the $12 million in donations to political parties that are on the public record.

    Billionaire Anthony Pratt donated $1 million to Labor (through Pratt Holdings), while the Coalition was supported by billionaires Harry Triguboff (through Meriton Property Services) and Gina Rinehart (Hancock Prospecting), to the tune of around half a million dollars each. Both Labor and the Coalition also received major donations from their investment arms (Labor Holdings and Cormack Foundation, respectively).

    Other major donations included $575,000 to the Greens from Duncan Turpie, a longtime backer of the party; $474,000 from Climate 200 backing several independents (mainly Zoe Daniel and Monique Ryan); and $360,000 to the Greens from Lisa Barlow’s conservation trust.

    The big donor missing here is Clive Palmer. The size of his donations – $117 million in 2022 and $84 million in 2019 – blow everyone else out of the water, but he tends only to donate in election years. We won’t know how much he’s spending on the current election campaign until February 2026.

    What needs to change

    Money matters because it helps spread political messages far and wide. But when political parties are highly dependent on a small number of powerful individuals, businesses, and unions, to fund their campaigns, this dependence creates enormous risks of private influence over decision-making in the public interest.

    That’s why Australians need to know – in real time – who’s funding election campaigns.

    Under the current rules, it takes at least seven months and sometimes up to 19 months for a large federal donation to be made public. Yet at state level, donations must be made public within a month during election campaigns, and within six months at other times.

    Introducing quicker disclosure requirements at the federal level would mean Australians would know who’s donating while policy issues – and elections – are still “live”.

    The donations disclosure threshold should also be lowered to give Australians better visibility of substantial donors. In 2023–24, declared donations made up only 7% of political parties’ total income. There are other sources of income on the public record (including public funding), but about 45% of party income remains hidden because the disclosure threshold is so high.

    There is no exact science to choosing a threshold, but the current level of $16,900 is well above the amount an ordinary Australian could afford to contribute to a political cause.

    This high threshold is made much worse by the fact that political parties are not required to aggregate multiple donations from the same donor. That means, for example, one donor could make many donations of $15,000, but because each is below the threshold, the party doesn’t need to declare them. The donor is expected to declare themselves to the Australian Electoral Commission, but this is almost impossible to police.

    The federal government has a bill before the Senate that would reduce the donations disclosure threshold to $1,000, and make release of donations data more timely. These changes would substantially improve transparency around money in politics. But the bill also includes more complex reforms that may stall the progress of these transparency measures.

    Better and more timely information on political donations is urgently needed as a public check on the influence of money in politics.

    Let’s hope this is the last election Australians are left in the dark on who funds our political parties.

    The Grattan Institute began with contributions to its endowment of $15 million from each of the Federal and Victorian Governments, $4 million from BHP Billiton, and $1 million from NAB. In order to safeguard its independence, Grattan Institute’s board controls this endowment. The funds are invested and contribute to funding Grattan Institute’s activities. Grattan Institute also receives funding from corporates, foundations, and individuals to support its general activities as disclosed on its website.

    Jessica Geraghty 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. Political donations data show who’s funding whom in Australia – but they are coming out far too late – https://theconversation.com/political-donations-data-show-whos-funding-whom-in-australia-but-they-are-coming-out-far-too-late-248662

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Politics with Michelle Grattan: John Blaxland and Richard Holden talk about what Trump will mean for Australia

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

    As Australia gears up for the election, the incoming government’ Labor or Coalition, will face global challenges, geo-political and economic, especially with Donald Trump starting to impose tariffs on selected countries including China,

    To discuss where Australia is placed to meet new circumstances we’re joined by two experts.

    John Blaxland is Director of the ANU North America Liaison Office, based in Washington, and Professor of International Security and Intelligence Studies. Richard Holden is Professor of Economics at UNSW.

    Blaxland outlines how Australia should continue to support the current international norms, and how changing norms could spell trouble,

    The rules based international order is something that we are going to feel the absence of quite keenly. For small and middle powers like Australia the reliance on that order has obviated the need to spend up a lot on military capabilities and that’s going to shift.

    We’ve seen the United States walking away from COP-related agreements but these arrangements still have global momentum and I would contend that Australia has an interest in continuing to support them as best as possible, particularly for the sake of our partners in the Pacific, but also just for our own sake.

    On who could deal with Trump better, Blaxland doesn’t think it would make a lot of difference,

    I don’t think the United States pays much attention to what happens internally in Australian politics and I think the Albanese government and Penny Wong and Richard Marles and others are wise to present as small a target as possible. The ALP is playing a difficult hand well in bilateral relations with the United States. Broadly it is still strongly in our interests to make that work as best we can.

    There’s no question there’s a closer Liberal-Trump alignment, and that may make it easier. But the economic and security relations are key and here it’s important to remember that the United States has a trade surplus with Australia and so that means we’re not in his [Trump’s] crosshairs immediately for having the opposite, and America is the biggest foreign direct investor in Australia by a country mile.

    Holden says of the economy internationally,

    The global economy is well on the way to recovering from the post-pandemic inflation, the associated increases in most advanced economies and interest rates in most of those jurisdictions, are coming down. In some of those, New Zealand is an example there’s been a real hit to the economy. But it’s generally looking reasonably positive with the one big looming thing, which is what happens to international trade as a result of the Trump tariff threats that are now starting to be put into action.

    But Holden is a bit more pessimistic about Australia’s economy,

    Not to be too gloomy about things, I think the news is a little less good. So the Prime Minister I heard on your podcast recently and the Treasurer talking about their last two budgets, and while they’re right that there has been two small budget surpluses, that’s really off the back of just an extraordinary windfall in terms of tax revenue.

    On debt,

    If you look going forward, even so far government decisions have added $78 to $80 billion to that debt and the recent mid-year update, MYEFO reports the cumulative debt for the next four years will be over $140 billion of the increase.

    I think there’s a sense that our fiscal house is really being put into really good shape and I don’t think that’s accurate.

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

    – ref. Politics with Michelle Grattan: John Blaxland and Richard Holden talk about what Trump will mean for Australia – https://theconversation.com/politics-with-michelle-grattan-john-blaxland-and-richard-holden-talk-about-what-trump-will-mean-for-australia-248866

    MIL OSI Analysis – EveningReport.nz –