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  • MIL-OSI: Municipality Finance issues a GBP 75 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    29 January 2025 at 10:00 am (EET)

    Municipality Finance issues a GBP 75 million tap under its MTN programme

    On 30 January 2025 Municipality Finance Plc issues a new tranche in an amount of GBP 75 million to an existing benchmark issued on 7 March 2024. With the new tranche, the aggregate nominal amount of the benchmark is GBP 500 million. The maturity date of the benchmark is 2 October 2028. The benchmark bears interest at a fixed rate of 4.375 % per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 30 January 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Citigroup Global Market Limited acts as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over EUR 50 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI: Offentliggørelse af prospekt samt formue og investorer for afdelingen I&T Obligationer KL i Investeringsforeningen Wealth Invest

    Source: GlobeNewswire (MIL-OSI)

    Hermed offentliggøres prospekt samt formue og antal investorer for afdelingen I&T Obligationer KL, som optages til handel på Nasdaq Copenhagen A/S med første handelsdag 31. januar 2025.

    Afdeling Formue DKK Antal navnenoterede investorer
    I&T Obligationer
     
    17.765.000 169

    Hvis der måtte være spørgsmål i relation til ovenstående, kan der rettes henvendelse til direktør i Wealth Fund Partners A/S, Lise Bøgelund Jensen på telefon 3328 2828. 

    Med venlig hilsen
    Investeringsforeningen Wealth Invest

    Attachment

    The MIL Network

  • MIL-OSI: Bitwise Rebrands European ETPs, Looks to Reinforce Position as Market Leader in Pivotal Year for Crypto

    Source: GlobeNewswire (MIL-OSI)

    • Rebrands European product suite after strong 2024: Bitwise surpassed $12 billion in client assets, launched new products such as Solana and Aptos Staking ETPs
    • TER of the Bitwise Core Bitcoin ETP (BTC1) lowered to 0.20% p.a.
    • Crypto poised to soar in 2025: Bitwise research forecasts record valuations and inflows in crypto markets this year amid reduced regulatory risk
    • Continued innovation: Bitwise looks to cement position as market leader by providing new best-in-class products, broadening access to crypto for investors

    January 29, 2025. Frankfurt, Germany: Bitwise today announced the company has completed the rebranding of all ETPs in its European product suite following last year’s acquisition of ETC Group. The move comes as Bitwise looks to expand its position as a market leader in crypto markets in 2025, a year in which a number of structural upward trends are likely to bolster crypto markets.

    Among the renamed products are the Bitwise Core Bitcoin ETP (BTC1), the Bitwise Ethereum Staking ETP (ET32), the Bitwise MSCI Digital Assets Select 20 ETP (DA20), and the company’s flagship product: – the Bitwise Physical Bitcoin ETP (BTCE). Launched in 2020, BTCE is the most heavily traded bitcoin ETP in Europe. For an overview of all products with their rebranded names, please refer to the table below.

    Bitwise will continue to broaden crypto access for investors, provide best-in-class innovative products, timely insights on the latest market developments, and champion transparency and accountability in a landmark year for the crypto industry.

    Hunter Horsley, CEO and Co-Founder of Bitwise: “We expect 2025 will be a pivotal year for crypto, with Bitcoin, Ethereum, and Solana each hitting record highs, and a more crypto-friendly environment in Washington bringing welcome clarity to the space. Bitwise is looking forward to using this moment to reinforce our position as a market leader both in the U.S. and Europe.”

    Bitwise saw significant growth in 2024, a year in which Bitcoin soared to an all-time high of $103,992 after the record-setting launch of spot bitcoin ETFs in the U.S. The company crossed over $12 billion in client assets, using its momentum to launch new institutional-grade crypto staking ETPs, namely the recently launched Bitwise Solana Staking ETP, and the Bitwise Aptos Staking ETP, in addition to filing a Form S-1 for an XRP spot ETF in the U.S. The company’s Bitwise Core Bitcoin ETP (BTC1 | DE000A4AER62), an institutionally focused and cost-efficient Bitcoin ETP with a Total Expense Ratio (TER) of 0.20%, is also experiencing increased popularity among investors.

    Another highlight of 2024 for Bitwise was the launch of Bitwise Onchain Solutions after the company’s acquisition of Attestant Limited, an institutional-grade Ethereum staking provider with $3.7 billion in staked assets at the time of the acquisition.

    Crypto poised to soar in 2025

    In 2025, adoption of bitcoin and other crypto assets by corporate treasurers are set to be another major driver supporting the asset class, Bitwise Head of Research Europe Dr Andre Dragosch said in a study this month. At the moment, companies hold only 4% of the total available Bitcoin supply, a number that already doubled last year. With total free cash flow between S&P 500 companies standing at $1.5 trillion – more than twice the capital ever invested in Bitcoin – this offers an unprecedented growth opportunity.

    Bitwise will continue to position itself as a thought leader with studies like the above and several others, providing a rich stream of research and market analysis for investors. This research is available through blog posts on the Bitwise website, such as on this link and here.

    The following table shows Bitwise’s renamed European Crypto ETP suite:

    The complete list of Bitwise European ETP products, including all stock exchange listings and trading information, is available at https://bitwiseinvestments.com/eu.

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past four years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit www.bitwiseinvestments.com/eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information
    This press release does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.com./eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency. Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks.

    The MIL Network

  • MIL-OSI USA: Senator Murray Comments on Illegal Trump Administration Directives to Withhold Vast Swaths of Congressionally-Approved Federal Funding

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Murray: “The scope of this illegal action is unprecedented and could have devastating consequences across the country for real people. We could see a screeching halt to resources for child care, housing, police officers, opioid addiction treatment, rebuilding roads and bridges, and even disaster relief efforts.”

    Murray: “I am also urging Senate Budget Committee Chairman Lindsey Graham—a fellow appropriator—to hold Russ Vought’s nomination. Republicans should not advance this nomination out of committee until the Trump administration follows the law.”

    ***VIDEO HERE***

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, joined Senate Democratic Leader Chuck Schumer (D-NY), and Senators Amy Klobuchar (D-MN), Chris Murphy (D-CT), and Andy Kim (D-NJ) for a press conference raising the alarm on the Office of Management and Budget (OMB) memo issued by the Trump administration last night that directs agencies to freeze vast swaths of federal funding passed into law by Republicans and Democrats alike.

    Last night, Murray and House Appropriations Committee Ranking Member Rosa DeLauro sent a letter to Acting OMB Director Matthew J. Vaeth raising the alarm on President Trump’s unlawful executive orders and the new memoranda issued by OMB on Monday directing agencies to withhold vast swaths of approved federal funding.

    A fact sheet on the issue of the impoundment is available HERE.

    Senator Murray’s remarks, as delivered, are below:

    “Look, we were coming here to discuss a very simple resolution on a different kind of lawlessness by the President in response to him pardoning violent criminals and insurrectionists who attacked police officers.

    “That resolution—so you know—read very simply, in its entirety: ‘RESOLVED: that the Senate disapproves of any pardons for individuals who were found guilty of assaulting Capitol Police officers.’ You’ll hear more from me and others regarding this resolution later on the floor.

    “But we are here today to respond to the OMB memo issued by the Trump administration last night.

    “In a brazen and illegal move, the Trump administration is working to freeze vast swaths of federal funding passed into law by Republicans and Democrats alike.

    “The scope of this illegal action is unprecedented and could have devastating consequences across the country for real people.

    “We could see a screeching halt to resources for child care, housing, police officers, opioid addiction treatment, rebuilding roads and bridges, and even disaster relief efforts. Trump was just in California to witness the devastation and now he is holding back that aid.

    “Trump’s actions would wreak havoc in red and blue communities. This is funding that communities are expecting, and this memo has sown chaos and confusion about whether these resources will be available to them.

    “Entire budgets and payrolls across the country are carefully hinging on these resources—we are talking about small towns, our cities, our school districts, our universities, and a lot more.

    “Will local Head Start facilities get their funding? Will grantees at any of our local universities get the funding they need to continue clinical trials? What does this mean for homeless veterans we are working to get housed?

    “Americans should ask themselves: is it woke to fund cancer research or to rebuild unsafe bridges?

    “All of these critical priorities are funded by the grants that the Trump administration would pause tonight.

    “This illegal move is a massive, massive overreach by the Trump administration. The American people did not vote for this kind of senseless chaos.

    “So, I am also urging Senate Budget Committee Chairman Lindsey Graham—a fellow appropriator—to hold Russ Vought’s nomination that was supposed to move this Thursday. Republicans should not advance this nomination out of committee until the Trump administration follows the law. 

    “The law is the law—the Trump administration must immediately reverse course, follow the requirements of the law, and ensure the nation’s spending laws are implemented as Congress intended.”

    MIL OSI USA News

  • MIL-OSI USA: Senator Murray Statement on Voting Against Sean Duffy for Secretary of Transportation

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, released the following statement after voting no on the nomination of Sean Duffy to serve as Secretary of Transportation:

    “Right now, the Trump administration is illegally withholding funding to rebuild roads and bridges, to upgrade our ports, to expand public transit, and so much more. Towns, cities, and entire state departments of transportation are in upheaval right now as they try to understand what this illegal seizure of federal funds means for their budgets and payrolls.

    “So today I voted NO to confirm Sean Duffy as Secretary of Transportation to register my firm opposition to a lawless administration that is illegally ripping away funding that communities and families across America are counting on. I was glad to have a productive meeting with Mr. Duffy last week, but as I said then, I will be keeping a close eye to make sure he faithfully executes the law—and I could not in good faith vote to confirm his nomination while the Trump administration blatantly violates the law.

    “The law is the law—the Trump administration must immediately reverse course, follow the requirements of the law, and ensure the nation’s spending laws are implemented as Congress intended.”

    MIL OSI USA News

  • MIL-OSI USA: Senator Murray Blasts Trump Admin for Illegally Blocking Funding for Communities, Comments on Latest OMB Update & Continued Chaos Nationwide

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Murray: “In a brazen and illegal move, the Trump administration is working to freeze huge chunks of federal funding passed into law—by Republicans and Democrats alike.  Now, not even 24 hours later, they are issuing new guidance trying to clean up the massive mess they have made, saying: ‘Wait, we don’t actually know what we are doing….’ but still leaving needless uncertainty about what actually is happening—and they are still—let me make that clear: still—withholding approved funding all across government.”

    ***VIDEO HERE***

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, joined Senate Democrats’ weekly press conference and discussed the Trump administration’s unprecedented and illegal directives to withhold vast chunks of federal funding that were signed into law by Republicans and Democrats alike. She also touched on the recent update the Trump administration sent on its orders, as well as Senate Democrats’ resolution condemning President Trump’s pardons for violent insurrectionists.

    Earlier today, Senator Murray joined colleagues in raising the alarm on the Office of Management and Budget (OMB) memo issued by the Trump administration last night directing agencies to withhold federal funding and creating mass chaos and confusion in the process.

    Last night, Senator Murray and House Appropriations Committee Ranking Member Rosa DeLauro sent a letter to Acting OMB Director Matthew J. Vaeth raising the alarm on President Trump’s unlawful executive orders and the new memoranda issued by OMB on Monday directing agencies to withhold vast swaths of approved federal funding.

    A fact sheet on the issue of the impoundment is available HERE.

    Senator Murray’s remarks, as delivered, are below:

    “Every one of us in this building owes a huge debt to our Capitol Police. Considering all they sacrifice to keep us safe, we should be able to say—with one voice—that if you violently assault a Capitol Police officer, you should not get a pardon. You should not get off scot free. I will have more to say later on the floor—but from Trump pardoning violent insurrectionists to issuing blatantly unconstitutional executive orders to lawlessly blocking bipartisan funding, we have a lot more ground to cover. And today I want to talk about the OMB guidance the Trump administration issued in the dead of night.

    “In a brazen and illegal move, the Trump administration is working to freeze huge chunks of federal funding passed into law—by Republicans and Democrats alike.

    “Now, not even 24 hours later, they are issuing new guidance trying to clean up the massive mess they have made, saying: ‘Wait, we don’t actually know what we are doing….’ But still leaving needless uncertainty about what actually is happening—and they are still—let me make that clear: still—withholding approved funding all across government.

    “Meanwhile, this chaos is already hurting people, causing confusion, and causing devastating delays. I mean where do we start here? There are a lot of urgent questions but precious few answers—and the answers keep changing.

    “What about grants for public safety? Grants for firefighters and for police departments, or that prevent violence against women—those aren’t direct to individuals—are they still halted?

    “Or health care? What about community health centers that millions rely on—including in rural areas?

    “Or money fighting the opioid crisis—grants that go to states, communities, and non-profits? Are they stopping funding for addiction treatment and prevention?

    “Or clinical studies. Scientists at the University of Washington and Washington State University are deeply alarmed—this is not theoretical; research projects will collapse and staff will be furloughed or laid off.

    “Tribes in my state are deeply alarmed that they will see severe cuts across health care, education, law enforcement, housing—practically every aspect of daily life on Indian land.

    “And of course, what about disaster relief that could be derailed? In Eastern Washington, in my home state, $44 million to help Spokane County rebuild after wildfires—money that was announced weeks ago—is that still on pause? Last week Trump visited communities in North Carolina and California still reeling from disaster; now he is throwing the aid those communities need into chaos.

    “Schools that need Title I payments are worried they may not get the funds that Congress has allocated and voted on.

    “Suddenly, we don’t know: How will Meals on Wheels feed seniors who depend on them? Or what this means for homeless veterans we are working to get housed?

    “Entire budgets and payrolls across the country are carefully hinging on these resources—we’re talking about small towns, cities, rural America, school districts, universities, and much more.

    “And look—saying, ‘just kidding’ not even 24 hours later—is not a solution.

    “You can’t pretend you had no idea it would cause chaos despite all the warnings. That is not believable, and even if it was true, it’s not a good reason for the damage caused.

    “Even despite what we’ve heard from the administration in the last hour or so, they are still illegally withholding funding owed to all of our states—that basic truth has not changed.

    “So I am urging my fellow Republicans to open your eyes to just how bad this is and will be for your states and your communities and speak out. I know reports say the White House is trying to silence members who have done that—but stand up. We are talking about your constituents.

    “And specifically, I am urging my Republican colleagues on the Senate Budget Committee to vote against Russ Vought’s nomination. Republicans should not advance this nomination out of committee until the Trump administration follows the law. 

    “And I am warning the Trump Administration—the law is the law. You need to reverse course, follow the requirements of the law, ensure the nation’s spending laws are implemented as Congress intended, and avoid this pointless, damaging chaos.”

    MIL OSI USA News

  • MIL-OSI USA: Senator Murray Statement on Trump Illegally Firing EEOC Commissioners and NLRB Members

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), a senior member and former Chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, released the following statement on the illegal firings of Equal Employment Opportunity Commission (EEOC) Commissioners Charlotte Burrows and Jocelyn Samuels and National Labor Relations Board (NLRB) Member Gwynne Wilcox, as well as the firing of EEOC General Counsel Karla Gilbride and NLRB General Counsel Jennifer Abruzzo.

    “I am extremely alarmed by the unprecedented firings of EEOC Commissioners and NLRB Members without cause—these are yet more lawless actions by a president who thinks he is above the law and clearly could not care less about the rights of workers.

    “Congress intended for the EEOC to be bipartisan, for commissioners from both parties to work together to defend workers’ rights and create fairer workplaces—and the NLRB plays an absolutely vital role in safeguarding employees’ rights to organize for better wages and working conditions, and preventing unfair labor practices. These brazen firings undermine not only the will of Congress but these agencies’ critical work fighting on behalf of workers across the country.

    “President Trump has been in office barely a week and already he is taking an axe to longstanding civil rights protections—from illegally firing EEOC commissioners and NLRB members to dismantling a 60-year agency charged with protecting federal contract workers from illegal discrimination. Trump and Republicans are hell-bent on launching an all-out assault on working people and their rights—they’re just hoping we don’t notice.”

    Throughout her career, including as the top Democrat on the Senate Labor Committee from 2015-2022, Senator Murray has championed the vital work and mission of the EEOC and the NLRB, including working to quickly confirm Jocelyn Samuels to the EEOC and Gwynne Wilcox to the NLRB, and promptly considering and advancing out of committee Kalpana Kotagal’s nomination to the EEOC.

    MIL OSI USA News

  • MIL-OSI USA: Murray, Democrats Speak Out After Republicans Block Simple Resolution Condemning Pardons of Individuals Found Guilty of Assaulting Capitol Police Officers

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    ICYMI: Schumer, Murphy, Kim Lead 47 Senators in Introducing Resolution Condemning Pardons of Individuals Found Guilty of Assaulting Capitol Police Officers

    Murray: “Trump is showing every day, with nearly every action—that he has zero regard for the laws of our country. From pardoning, en masse, violent insurrectionists, to illegally firing government watchdogs charged with holding him accountable, to issuing blatantly unconstitutional executive orders, to asking OMB to halt funding Congress passed—something that is causing serious chaos and harm to red states and blue states alike.”

    ***VIDEO HERE of Senator Murray’s floor speech***

    Washington, D.C. — Today, Republicans senselessly blocked a one-line resolution offered by U.S. Senator Patty Murray (D-WA) and her Democratic colleagues that simply condemns the pardons of individuals found guilty of assaulting Capitol Police Officers. After Republican John Barrasso (R-WY) blocked the resolution, Murray and Senate Democrats took to the Senate floor to speak out against Trump’s move to grant full, complete, and unconditional pardons to violent criminals who assaulted U.S. Capitol Police officers and call out Republicans for refusing to stand up for the Capitol Police who put their lives on the line—and suffered severe injuries—protecting senators’ lives on January 6th.

    All 47 Members of the Senate Democratic Caucus are cosponsors of the resolution, which simply states: “Resolved, That the Senate disapproves of any pardons for individuals who were found guilty of assaulting Capitol Police officers.” A PDF of the resolution is HERE.

    On the Senate floor today, Senator Murray made clear that the throughline of the first week of the Trump administration has been lawlessness—with Trump, “showing every day, with nearly every action, that he has zero regard for the laws of our country. From pardoning, en masse, violent insurrectionists, to illegally firing government watchdogs charged with holding him accountable, to issuing blatantly unconstitutional executive orders, to asking OMB to HALT funding Congress passed— something that is now causing serious chaos and harm to red states and blue states.”

    “I will not sit back and allow President Trump to rewrite the history of the January 6th insurrection,” Murray continued. “Officers here sacrificed tremendously to keep senators safe, Republicans and Democrats alike—and we have the footage, photos, and police reports that clearly show the crimes and the violence committed… President Trump’s decision to pardon, en masse, 1,500 people charged in the insurrection is a truly unthinkable attempt to erase the facts of that day, and undermine our democracy. But it is especially heinous that he chose to pardon individuals who violently attacked our Capitol Police officers… It is a betrayal of the law enforcement that protected us all that day and a dangerous endorsement of political violence—telling criminals that you can beat cops within an inch of their lives as long as it’s in service to Donald Trump.”

    According to the U.S. Attorney’s Office for the District of Columbia, approximately 1,572 defendants have been federally charged with crimes associated with the attack of the U.S. Capitol on January 6th. This includes approximately 598 charged with assaulting, resisting, or impeding law enforcement agents or officers or obstructing those officers during a civil disorder, including approximately 171 defendants charged with using a deadly or dangerous weapon or causing serious bodily injury to an officer. As proven in Court, the weapons used and carried on Capitol grounds during the January 6th attack include firearms; OC spray; tasers; edged weapons, including a sword, axes, hatchets, and knives; and makeshift weapons, such as destroyed office furniture, fencing, bike racks, stolen riot shields, baseball bats, hockey sticks, flagpoles, PVC piping, and reinforced knuckle gloves. During the siege of the Capitol on January 6th, 2021, over 80 U.S. Capitol Police Officers were assaulted.

    Senator Murray’s full remarks, as delivered, are below and video is HERE:

    “Mr. President, we are a week into the Trump Administration, and it can be summed up in one word: lawlessness. Trump is showing every day, with nearly every action, that he has zero regard for the laws of this country.

    “From pardoning, en masse, violent insurrectionists, to illegally firing government watchdogs charged with holding him accountable, to issuing blatantly unconstitutional executive orders, to asking OMB to halt funding Congress passed—something that is now causing serious chaos and harm to red states and blue states.

    “We are not going to let his strategy of overwhelming chaos win the day. We are fighting each of the actions, and will not stop asserting our power as an equal branch of the government.

    “But right now, today, we are going to focus on one issue in particular—one that is not just alarming, but actually personal to all of us here in the Senate, because it concerns the Capitol Police each of us walk by every single day.

    “I have made it clear, I will not sit back and allow President Trump to rewrite the history of the January 6th insurrection. Already, his Justice Department has taken down the public database that laid out the thousands of investigations—he is literally trying to erase the evidence from public memory!

    “But no President can rewrite history—not unless we stand by and let him. And that is absolutely not going to happen. We will not forget what really happened here on January 6th, 2021.

    “As we all remember, as the American people witnessed in real time, armed insurrectionists—egged on by the sitting president—broke into the U.S. Capitol and violently assaulted Capitol Police officers in their attempt to overturn a free and fair election.

    “You do not have to take my word for it—though, like many of my colleagues, I have a first-person account of that day. The reality is well documented in videos, in photos, in case documents from thousands of people charged with felonies after that day—including assault.

    “We know, as a matter of fact, some insurrectionists brought knives, tasers, axes, hatchets, pepper spray, zip ties and more.

    “We know, as a matter of fact, some assaulted officers with flagpoles, stun guns, fire extinguishers, and bear spray.

    “We know as a matter of fact, that Capitol Police officers suffered severe injuries as a result—including cracked ribs, smashed spinal disks, brain injuries, and even the loss of an eye.

    “Officers here sacrificed tremendously to keep senators safe, Republicans and Democrats alike—and we have the footage, photos, police reports that clearly show the crimes and the violence that was committed.

    “So Mr. President, President Trump’s decision to pardon—en masse—1,500 people charged in the insurrection is truly an unthinkable attempt to erase the facts of that day, and undermine our democracy.

    “But it is especially heinous that he chose to pardon individuals who violently attacked our Capitol Police officers. Not to mention commuting the sentences of 14 others: people found guilty of seditious conspiracy, people like Enrique Tarrio, leader of the Proud Boys, and Stewart Rhodes, leader of the Oath Keepers.

    “It is a betrayal of the law enforcement that protected all of that day, and a dangerous endorsement of political violence—telling criminals that you can beat cops within an inch of their lives as long as it’s in service to Donald Trump.

    “Every one of us here owes a tremendous debt of gratitude to our Capitol Police. They protected our lives, and they protected our democracy. That is why we are here today to pass a resolution today, that makes clear the U.S. Senate stands with our Capitol Police officers—by disapproving the pardon of those who violently attacked the officers who keep us safe.

    “It is a very simple, modest resolution—its reads, in its entirety: ‘Resolved: that the Senate disapproves of any pardons for individuals who were found guilty of assaulting Capitol Police officers.’

    “It is that simple. We aren’t relitigating every case—this is only about people guilty of assaulting Capitol Police.

    “I made sure this was short and clear—something we can pass unanimously. Because a message like this really should be unanimous.

    “In fact, Mr. President, just to underscore how straightforward this is—I want to read it in its entirety once again: ‘Resolved: that the Senate disapproves of any pardons for individuals who were found guilty of assaulting Capitol Police officers.’

    “That’s it. The entire thing. I don’t really think there is anything here for anyone to disagree with.

    Senator Murray’s remarks, as delivered, after Republicans blocked the resolution:

    “Mr. President, I am deeply frustrated that is the response we got today. We cannot agree on something as simple as standing by the officers who keep this building safe?! Officers every one of us walk by every day?

    “There are officers standing just outside the floor right now keeping watch as we are forced to debate whether it was not was okay to pardon the people that violently attacked them.

    “I don’t know how my colleagues who oppose this simple resolution can look them in the eye!

    “It is insulting enough that Speaker Johnson—someone who has a dedicated, 24/7 detail—has refused to put up the plaque honoring the brave officers who kept us safe four years ago.

    “But the fact we can’t pass a resolution as simple as the one I presented today—the fact we can’t all agree that we should side with the people who keep us safe, over the people who are attacking us, is disgraceful.

    “It is unworthy of this body, and unworthy of the sacrifice our Capitol Police have demonstrated time and again. We owe them better.

    “I will not going to stop pushing to make sure we show them we understand that.

    “The President may be able to grant pardons, commute sentences, release criminals, delete databases… but I will tell you here, he can take no action he takes can erase the past, unless we let him.

    “And as long as I can stand, as long as I can speak, as long as I am here—I will not let him, or anyone, rewrite the history of the January 6th insurrection or erase the important lessons that we must learn from it.”

    MIL OSI USA News

  • MIL-OSI Global: WHO in Africa: three ways the continent stands to lose from Trump’s decision to pull out

    Source: The Conversation – Africa – By Lawrence O. Gostin, University Professor; Founding Linda D. & Timothy J. O’Neill Professor of Global Health Law, Georgetown University

    President Donald Trump’s decision to withdraw the US from the World Health Organization (WHO) will be keenly felt across the globe, with profound implications for health in Africa.

    In the executive order putting the withdrawal process in place, Trump also paused the transfer of US funds, support and resources to the WHO.

    Trump’s executive order is his second attempt to pull the US out of the agency. He has also complained that the US financial contribution to the international organisation is “onerous”.

    The biggest impacts will come from the loss of US funding. The US is by far the WHO’s largest state donor, contributing approximately 18% of the agency’s total funding.

    The WHO’s funding is split into two tranches.

    There are assessed contributions: countries’ membership fees, to which all WHO members agree and over which the WHO has full control. The US accounts for 22%, or US$264 million of these, for the current 2024/25 budget. The US is yet to pay the WHO its assessed contributions for 2024 and 2025. Withdrawing from the organisation without paying these fees would violate US law and must be challenged in the US courts.

    Then there are voluntary contributions: donations by member countries, foundations and other sources, usually earmarked to that donor’s priorities. The US contributes 16%, or US$442 million, of all voluntary contributions.

    In the case of the US, these priorities include HIV/AIDS, polio eradication and health emergencies.

    As experts in global health law, we are deeply concerned about the impacts of this order, which will be far reaching.

    The US withdrawal from the WHO threatens core health programmes in Africa. It will weaken the ability of African countries to respond to health emergencies, and could lead to increases in death and illness on the continent.

    It will also have broader implications for leadership and governance in global health.

    Impact on core programmes

    Trump’s decision to withdraw comes at a time when the WHO’s health priorities in Africa were already underfunded. Eight of 12 areas were funded less than 50% earlier this year.

    Twenty-seven percent of all US funding through the WHO for the African region goes to polio eradication, 20% supports improved access to quality essential health services, and much of the balance goes to pandemic preparedness and response.

    The WHO/US partnership has long supported the HIV/AIDS response in Africa, but the redirection and reduction in funds could reduce the availability of prevention, testing and treatment programmes across the continent. This threatens progress to end AIDS by 2030.

    The funding gap will also have an impact on programmes designed to increase
    access to quality essential health services, including the prevention and treatment of tuberculosis and malaria, and child and maternal health services.

    If the WHO is forced to cut back on these services due to a lack of financing, it could lead to increases in mortality and morbidity in Africa.

    European countries filled the financing gap in 2020 when Trump last withheld US funding from the WHO. But it is unlikely that they will be able to do so again, as countries across Europe are facing their own geopolitical and financial challenges.

    The WHO’s budget was already thinly spread, and its mandate keeps growing.

    Through its new investment round, the WHO raised US$1.7 billion in pledges, and is expecting another US$2.1 billion through partnerships and other agreements. Yet even before the US president’s executive order, this left a funding gap of approximately US$3.3 billion (or 47%) for the WHO’s 2025-2028 strategy.

    If the gap left by the loss of US funding cannot be filled from other sources, it will fall to African nations to fund health programmes and services that are cut, placing a greater strain on governments reckoning with limited fiscal space.

    Weakened response to health emergencies

    Trump’s decision comes at a pivotal moment for health in Africa, which is experiencing major outbreaks.

    The US has been a key actor supporting WHO-led emergency responses to outbreaks.

    Last year, the US partnered with the WHO and Rwanda to rapidly
    bring a Marburg outbreak under control. The Marburg virus continues to threaten the continent. Tanzania has just confirmed an outbreak.

    Earlier in August 2024, the WHO and Africa Centres for Disease Control each declared mpox on the continent to be a public health emergency.

    The Biden administration delivered 60,000 vaccines, pledged 1 million more, and contributed over US$22 million to support capacity building and vaccination.

    But now US health officials have been instructed to immediately stop working with the WHO, preventing US teams in Africa from responding to Marburg virus and mpox.

    Even before these outbreaks, the US supported WHO-led emergency responses to COVID-19, Ebola and HIV/AIDS. The US withdrawal could lead to increased transmission, sickness and death in vulnerable regions.

    Similarly, strong partnership between the WHO and the US has helped build health system capacities in Africa for public health emergencies.

    US experts have supported nearly half of all WHO joint external evaluation missions to assess countries’ pandemic preparedness and response capacities under the International Health Regulations. This is a binding WHO agreement to help countries prepare for, detect and initially respond to health emergencies globally.

    The US withdrawal from the WHO risks eroding these efforts, though it may also accelerate a regionalisation of health security already underway in Africa, led by the African Union through the Africa CDC.

    Restructuring of governance

    The US was instrumental in establishing the WHO and shaping WHO norms and standards, in particular driving amendments to the International Health Regulations adopted in June 2024. This included improved obligations to facilitate the rapid sharing of information between the WHO and countries.

    The US has also been a key figure in ongoing negotiations for a new international treaty, a Pandemic Agreement. This would create new rights and obligations to prevent, prepare for and respond to pandemics with elements that go beyond the International Health Regulations. These include obligations on the equitable sharing of vaccines.

    Trump’s executive order would prevent these instruments from being implemented or enforced in the US.

    This would only entrench inequitable dynamics when the next global health emergency breaks out, given the concentration of global pharmaceutical companies in the US.

    The order also pulls the US out of the Pandemic Agreement negotiations. This will inevitably create new diplomatic dynamics. Optimistically, this could provide enhanced opportunities for African nations to strengthen their position on equity.

    The US departure from the WHO will create a leadership vacuum, ushering in a restructuring of power and alliances for global health.

    This vacuum could cede influence to US adversaries, opening the door to even greater Chinese influence on the African continent.

    But it also presents opportunities for greater African leadership in global health, which could strengthen African self-reliance.

    Trump has directed the US to find “credible and transparent” partners to assume the activities the WHO would have performed. And yet there is no substitute for the WHO, with its worldwide reach and stature.

    For more than 75 years, the WHO has been, and remains, the only global health organisation with the membership, authority, expertise and credibility to protect and promote health for the world’s population.

    For this reason, the African Union, among scores of other bodies and leaders, has already urged Trump to reconsider.

    It is now time for the global community to stand up for the WHO and ensure its vital health work in Africa and beyond can thrive.

    Lawrence O. Gostin is the Director of the World Health Organization Collaborating Center on National and Global Health Law. He is also a member of the WHO Committee on Amendments to the International Health Regulations

    Alexandra Finch 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. WHO in Africa: three ways the continent stands to lose from Trump’s decision to pull out – https://theconversation.com/who-in-africa-three-ways-the-continent-stands-to-lose-from-trumps-decision-to-pull-out-248237

    MIL OSI – Global Reports

  • MIL-OSI USA: Booker, Kim, NJ Non-Profits Warn of Severe Disruptions to Vital Community Services Following Trump OMB Guidance

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    NEWARK, NJ –– This afternoon, Senators Cory Booker (D-NJ) and Andy Kim (D-NJ) joined New Jersey non-profit service providers to warn of the immediate and tangible negative effects the Trump-Vance administration’s January 27 Office of Management and Budget (OMB) memorandum will have on communities across the Garden State.

    Requiring all executive departments and agencies “to identify and review all Federal financial assistance,” OMB’s memorandum pauses all grant, loan, and other congressionally apportioned financial assistance programs to municipalities and critical service providers across the country, including funding for veterans’ assistance groups, police, firefighters, and local first responders, early childhood education centers, older adult service providers, and domestic violence survivor organizations. 

    Condemning these pauses, Senator Cory Booker, Senator Andy Kim, and local and state-wide service providers warned:

    “Once again, President Trump has made clear his willingness to inflict pain upon communities across the country, including at home in New Jersey. OMB’s latest guidance has produced immense uncertainty across our state’s municipalities and critical service providers. My office has heard from veterans’ assistance groups, local first responders, and domestic violence survivor organizations, and they’re all telling us the same thing. Their operational integrity and the wellbeing of those they serve are in jeopardy. These are the actions of a callous president––one wholly unconcerned by the day-to-day realities of the majority of Americans and New Jerseyans. While President Trump continues to ignore families who want to see actions that lower costs and make their lives better, I’ll continue to work to guarantee New Jerseyans––from Sussex County to Cumberland County and everywhere in between––have the resources they need to get ahead,” said Senator Cory Booker.

    “President Trump and his administration continue to serve their own power first, not caring that local communities are the collateral damage to their incompetence. OMB’s decision disregards the basic functions of our federal government and how it meets critical needs in communities across our country. We want Donald Trump to know exactly what these decisions and loss of funding could mean for New Jersey: it places independent living centers on the brink, risks vital Meals on Wheels for our seniors, and threatens crucial Head Start services for our families. These are just a couple examples from the calls and messages coming into my office today.  At a moment of such distrust between people and their government, this isn’t simply a disregard for our Constitution, this is a cruel attack hurting families all across this nation. We will look at all possible actions to force the Trump administration to honor Congress’ power of the purse and ensure these funds reach our communities,” said Senator Kim.

    “The new executive order pausing the release of federal grant funding impacts sexual violence services, putting individuals who have been assaulted and their loved ones at greater risk. With reduced funding, service providers face the challenge of maintaining critical support systems, including the availability of advocates to answer hotlines, provide accompaniments to forensic exams, navigate the court system, and offer counseling and other critical services.  Often, there is no duplication of services supporting survivors, and our data show that there are already existing waitlists for them. Interruptions in funding will only exacerbate an already strained system and delay access to care. This increase in wait times will not only heighten the immediate danger of further harm but also prolong the impact on survivors’ healing,” said Robert Baran and Denise Rodriguez, Co-Directors, New Jersey Coalition Against Sexual Assault.

    “We have worked with Senator Booker countless times to be sure we have secured these much needed dollars to Fire Departments across New Jersey. These dollars have offset costs for manpower, training, and equipment. All of which have provided a safer workplace for our members while we protect the residents and visitors of our great State. We urge the President to release these funds Congress has appropriated for AFG and SAFER grants,” said Eddie Donnelly, President, New Jersey State Firefighters’ Mutual Benevolent Association (FMBA).

    “A pause in federal funding of any length will impact our ability to serve our homeless veteran population. This is not just the case for our program but for similar programs throughout the nation. The effects of this pause will be immediate and grave. For example, they will imperil the support families enrolled in the VA’s Support Services for Veterans Families (SSVF) programs receive, including rental assistance. And, as rents come due in a matter of days, this raises the specter of evictions and increased veteran homelessness. Additionally, a pause in the federal funding we receive will immediately affect our ability to purchase and prepare food for our 100+ housed veterans, prevent us from taking in, and providing services, for additional homeless veterans in New Jersey, halts our ability to pay leases on vehicles used for support services, and jeopardizes the jobs of nearly 200 employees dedicated to serving our nation’s veterans, many of whom are veterans or were once unhoused veterans themselves. While we will continue to provide those who rely on us with the dignity and care they deserve, OMB’s memorandum seriously endangers the wellbeing of an already vulnerable population,” said Bruce Buckley, Chief Executive Officer, Soldier On.

    “The recent pause in funds has produced considerable concern across the Rutgers University community, which prides itself on the federally supported research and service it carries out to promote the common good and serve the national interest. The federal government is a critical partner to Rutgers, with federal funding for student aid, research, and public service initiatives accounting for about $1 billion of the university’s $5.6 billion budget. As we work across the university to understand the impact of the federal pauses and to provide guidance to our community during these uncertain times, Rutgers remains profoundly committed to our public mission of research, teaching, and service, and to our students’ success,” said Jonathan Holloway, President, Rutgers University.

    “A freeze to the release of federal funds will impact all victims and survivors of domestic violence. The vast majority of our 33 domestic violence providers in NJ rely on federal funding to ensure that every county has a domestic violence shelter, legal advocacy, counseling and other critical services that survivors need. A freeze in funding will increase barriers for survivors seeking safety, and will cause many to stay in abusive situations, increasing the danger and harm they will experience. The federal government must act accordingly, and not hastily, to ensure victims and survivors have the services they need in their community when they need them” said Adrienne Gantz and Nicole Morella, Co-Executive Directors, New Jersey Coalition to End Domestic Violence.

    “Just a few days into their term, the Trump-Vance Administration has imposed an unprecedented freeze on federally funded programs, including programs that benefit more than 578,000 New Jerseyans, who rely on community health centers for vital, cost-efficient and life-saving care. For a majority of our state’s community health centers, this freeze in federal funding will cause them to shutter, leaving hundreds of thousands of New Jerseyans without access to healthcare. These freezes come asemerging public health risks––like bird flu and other infectious diseases––continue to pose dangers to our communities. Our health centers are already struggling financially, and many are facing the likelihood of not making payroll in the next few weeks, dealing a death blow to centers that are already having difficulty in retaining an adequate workforce for the services they provide,” said Selina Haq, Ph.D., President/Chief Executive Officer, New Jersey Primary Care Association.

    “Boys & Girls Club of Newark has six funding sources that may be impacted by the federal spending freeze. These funds represent more than 10% of our annual budget of $5M and could affect funding for 35-50 team members in direct service with youth. The kinds of programs that could be affected are meal service at our after-school programs, food distribution to families, mentorship for at-risk youth, and critical funding related to safety at our facility. We believe these services are of vital importance to the work we do in our community. Our hope is to see funding restored to ensure our constituents can receive these services that they rely on for their well-being,” said Ameer Washington, Chief Executive Officer, Boys & Girls Club Newark.

    “The freeze in federal funding, which has been imposed, will undoubtedly have a devastating impact on Centers for Independent Living throughout the country. These centers provide crucial support and assistance to individuals with disabilities, allowing them to live independently and fully participate in their communities. With this ban in place, these centers may be forced to put vital services on hold, leaving many individuals without the necessary resources and support they rely on. Furthermore, the ban may also result in significant financial strain for these centers, potentially leading to payrolls being put on hold and difficulty paying rent. This could ultimately jeopardize the ability of these centers to continue operating and providing essential services to those in need. The impact of this ban will not only be felt by the centers themselves, but also by the individuals they serve, creating a ripple effect throughout the disability community. It is essential that this ban be reconsidered and alternative solutions be explored to ensure that Centers for Independent Living can continue their important work without interruption,” said Carole Tonks, Executive Director, Alliance Center for Independence – Edison, NJ.

    “This order to halt federal funding will have devastating consequences for millions of New Jerseyans, including many that New Jersey Citizen Action directly serves. Federal grants enable many organizations like ours to help New Jerseyans to save themselves from foreclosures, afford first-time homebuyer loans, protect themselves from housing discrimination, file their taxes for free, navigate essential social safety-net programs, and achieve financial stability. These key investments have allowed New Jersey to build stronger communities and healthier, thriving families. The order would also affect the entire New Jersey nonprofit sector dedicated to serving our state’s most vulnerable populations.  These include organizations that provide services for seniors, people with disabilities, children, women, victims of domestic violence, and organizations in the field of mental health. It’s unconscionable that the Trump administration should halt these investments—which have already been approved by Congress—for American taxpayers while considering further tax cuts for billionaires and corporations,” said Dena Mottola, Executive Director, New Jersey Citizen Action.

    “The work that we do along with other nonprofit public health agencies is vital to the health of our communities. We know that maternal child health is critical to the health of our nation and limiting or cutting funding that states, agencies and programs like ours receive will have negative long-term consequences on the women, children and families that we serve,” said Robyn D’Oria MA, RNC, APN, Chief Executive Officer, Central Jersey Family Health Consortium. 

    Additional programs and initiatives adversely impacted by OMB’s memorandum include but are not limited to:

    Head Start

    Click here for a state-by-state table of FY 2024 funding for Head Start, which funds comprehensive early childhood education, or here for state-by-state fact sheets that use the same funding data.  

    VAWA Grants

    Click here for state level totals of FY 2024 grant funding from the Office of Violence Against Women.    

    Community Health Center

    Click here for a 2023 table of state-by-state Section 330 grant funding for community health centers, which provide affordable care for millions of Americans. 

    IDEA and Other Department of Education Grant Programs

    Click here for a state-by-state table of IDEA Grants (which help children with disabilities) from FY 2023, and data on other grant programs through the Department of Education that could be impacted by the freeze.  

    COPS Grants

    The Community Oriented Policing Services (COPS) program is a Department of Justice grant program for law enforcement. More info here, and many of the links include state-by-state fact sheets. This link here includes FY 2024 grant amounts for the COPS Hiring Program (CHP). These are divided up by state but you may have to calculate your state’s total separately.  

    State Opioid Response Grants

    Click here for total state awards from FY 2024 for the State Opioid Response Grantsprogram, which funds addiction prevention, treatment, and recovery services.  

    SBA Loans to Small Business

    Click here for a dashboard of approved SBA loans by state for recent fiscal years including FY 2024. State totals for both the 7(a) program and 504 program are available. Copying values from the dashboard does not always work, but the Download Data option is a good other way to access the numbers.  

    MIL OSI USA News

  • MIL-OSI USA: Booker, Kim Statement Opposing Confirmation of Secretary Duffy

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    Senators Cory Booker (D-NJ) and Andy Kim (D-NJ) issued the following joint statement opposing the confirmation of Sean Duffy as Secretary of Transportation:

    “While we otherwise would have supported Secretary Duffy due to the commitments he made to critical New Jersey priorities, including the Gateway Program, the actions we have seen in the past 24 hours from the Trump Administration to cut off funding for New Jersey families and carelessly delay infrastructure projects have led us to oppose his nomination. Donald Trump needs to know that if he’s going to use the levers of government to harm working families, we’re going to stand in his way. People will be hurt because this administration simply doesn’t care about them. We will continue to stand up and work to make sure the support that New Jersey needs is delivered and not blocked by President Trump’s illegal and unconstitutional actions.”

    MIL OSI USA News

  • MIL-OSI Economics: Record investments in foreign securities

    Source: Danmarks Nationalbank

    Denmark and abroad

    Statistics period: December 2024

    Danish investors made record purchases of foreign securities totaling kr. 321 billion in 2024. The interest was particularly directed towards foreign shares, but also towards bonds and investment funds. About half of the purchased shares were American, while the rest were mainly European and Japanese. For the bonds, approximately two-thirds of the purchases were German and Swedish government bonds. There were also significant price gains, which, along with the purchases, meant that Danish investors’ foreign securities increased by a total of 847 billion DKK to 5,355 billion DKK by the end of 2024. This was especially due to price increases in American listed shares. These shares now account for 1,456 billion DKK or more than a quarter of all Danish investors’ foreign securities.



    Danish investors purchased foreign securities for kr. 321 billion in 2024

    Note:

    Note: Total purchases of foreign securities for Danish investors (financial and non-financial companies, households, as well as general government). Data for portfolio investments, where the investor, unlike direct investments, does not have a significant influence on the decisions of the corporation in which they have invested.

    MIL OSI Economics

  • MIL-OSI Economics: American stocks lifted households’ securities up

    Source: Danmarks Nationalbank

    Securities

    Statistics period: December 2024

    Danish households’ securities increased by kr. 86 billion in 2024. Most of the increase was due to capital gains. It was particularly foreign shares that drove the development. Alone, the price increases of American shares amounted to kr. 50 billion, while the purchases of these totaled kr. 13 billion. In addition to owning foreign shares directly, households also have shares through foreign investment funds, which also increased. In contrast, there were both capital losses and sales of Danish shares. Capital losses on Novo Nordisk shares accounted to kr. 18 billion, while there were capital gains on other Danish listed shares of kr. 9 billion. By the end of 2024, households had a total of securities worth kr. 1,202 billion, which, for comparison, corresponds to the amount they have in deposits in financial institutions.



    Households hold securities worth kr. 1,202 billion

    Note:

    Note: Households’ (employees and pensioners, etc.) investments in securities. The holdings include both individual pension schemes in financial institutions and freely invested funds. Danish investment funds are looked through, so the funds’ investments in shares and bonds, etc., are shown. Foreign investment funds have not been looked through. Shares are listed shares. Other include unlisted shares and investments by Danish investment funds in investment funds that have not been looked through.

    MIL OSI Economics

  • MIL-OSI Economics: $500 Million ADB Loan to Bolster Philippines’ Disaster Resilience

    Source: Asia Development Bank

    MANILA, PHILIPPINES (29 January 2025) — The Asian Development Bank (ADB) has approved a $500 million policy-based loan to provide the Philippines with quick access to financing in case of disasters triggered by natural hazards or health-related emergencies. The financing will support reforms to raise resilience and enable timely response and recovery efforts, thus minimizing the impact of disasters on the economy and Filipinos’ lives and livelihoods.

    The Second Disaster Resilience Improvement Program is a multiyear contingent disaster financing program with an option to replenish the facility twice, upon approval by the ADB Board. Loan renewals are allowed if there will be unutilized amounts after the initial 5-year period.

    “The Philippines is one of the fastest growing economies in Southeast Asia but is at high risk for earthquakes, volcanic eruptions, typhoons, rising sea levels, and flooding,” said ADB Country Director for the Philippines Pavit Ramachandran. “With this program, we aim to help boost the country’s capacity for disaster risk reduction and management (DRRM) nationally and locally, including state-owned and controlled corporations; strengthen DRRM policies and frameworks; and attain long-term resilience to lessen the impact of disasters, especially to the most vulnerable sectors.”

    The Philippines ranked as  the highest in disaster risk out of 193 economies in 2024, according to the World Risk Report 2024. At least 60% of its total land area is exposed to multiple hazards, with nearly three-fourths of its entire population susceptible to the impact of these hazards. The country experiences at least 20 typhoons and an average of up to 150 earthquakes of at least magnitude 4 every year.

    The new program seeks to harmonize DRRM planning processes at the national, provincial, and city levels and integrate DRRM in national public financial management (PFM) reforms as prescribed in the PFM roadmap developed with ADB’s support. It also seeks to incorporate gender equity, disability, and social inclusion in DRRM plans; enhance the service delivery of state-owned or controlled corporations for disaster response; and provide additional sources of risk financing, including a voluntary city parametric disaster insurance scheme that offers faster payouts for damages from earthquakes, typhoons, and other disasters.

    The program forms a central part of ADB’s support to the Philippines to build disaster resilience. It builds on the reforms achieved under the first Disaster Resilience Improvement Program. It also leverages past ADB assistance on climate and disaster resilience, such as the support for the Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS) program, which addressed the post-disaster needs of local communities. 

    The program complements ADB’s Integrated Flood Resilience and Adaptation Project (Phase 1), which is helping prepare and implement DRRM plans to reduce selected LGUs’ disaster vulnerabilities. Finally, it builds on the Climate Change Action Plan Subprograms 1 and 2, which support the implementation of national climate policies and the scale-up of climate adaptation and mitigation efforts at the national and local levels.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region. 

    MIL OSI Economics

  • MIL-OSI Economics: 29 January 2025 The ‘Arctic – Territory of Dialogue’ International Arctic Forum to be held under the slogan “The North – the place to live!” A meeting has been held in Moscow between Anton Kobyakov, Adviser to the President of the Russian Federation, Executive Secretary of the Organizing Committee for the ‘Arctic – Territory of Dialogue’ International Arctic Forum, and Andrey Chibis, Governor of the Murmansk Region.

    Source: Eastern Economic Forum

    MIL OSI Economics

  • MIL-OSI Russia: The fourth section of the Solntsevo-Butovo-Varshavskoe Shosse highway is planned to open in 2025

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Traffic on the fourth section of the Solntsevo-Butovo-Varshavskoe Shosse highway will be launched in 2025. This was announced by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “The second stage of construction of the fourth section of the highway from Edvarda Griga Street to Polyany Street is currently underway. Three overground and one underground pedestrian crossing will appear on this section. In parallel with the construction of the fourth section of the highway, the adjacent street and road network with a total length of 8.7 kilometers and a 120-meter overpass are being designed. The overall readiness of the project exceeds 60 percent,” said Vladimir Efimov.

    In addition, the design of sections of Kuprin Avenue, Alexandra Monakhova Street, Proektiruemy Proezd No. 816 and Bartenevskaya Street is underway. In total, within the framework of the fourth section of the highway, it is planned to build and reconstruct 28 kilometers of roads, including three overpasses with a length of 472 meters. Two of them are already ready. It is also planned to build six off-street pedestrian crossings: three overground, two of which opened at the end of 2024, and three underground.

    The fourth section of the Solntsevo-Butovo-Varshavskoye Shosse highway runs from the Novomoskovskaya metro station to Polyany Street. In August last year, the first stage of the project was completed and the section from Novomoskovskaya to Edvarda Griga Street was opened. A 101-meter-long overpass was built as part of the section.

    “The final fifth section of the highway is also in the active phase of construction. It will stretch from Polyany Street to Varshavskoe Shosse and will have an exit to Rastorguevskoe Shosse. Currently, work is underway at the site to construct bored piles for retaining walls and supports for the overpass on Varshavskoe Shosse, as well as to build an overpass in the area of Polyany Street and remove utility lines,” said the head of the Department for Construction of Transport and Engineering Infrastructure of the City of Moscow

    Vasily Desyatkov.

    The opening of this section will relieve the Varshavskoe, Simferopolskoe highways and the Moscow Ring Road (MKAD) by creating a new transport connection with the Moscow High-Speed Diameter (MSD). There will be a convenient exit from Varshavskoe highway towards Kaluzhskoe and Kievskoe highways, and the transport accessibility of the Yuzhnoe and Severnoe Butovo districts will improve.

    Previously Sergei Sobyanin said on the construction of the MSD and the Solntsevo-Butovo-Varshavskoye Shosse highway. The road connecting five outbound highways (Minskoye, Borovskoye, Kievskoye, Kaluzhskoye and Varshavskoye Highways) is the most important part of the transport framework of TiNAO and a backup of the southwestern and southern parts of the Moscow Ring Road. The length of the straight route, taking into account Vnukovo Highway, will be 26.6 kilometers, the total length of the new roads, taking into account interchanges, is over 95 kilometers.

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

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

    https: //vv.mos.ru/nevs/ite/149436073/

    MIL OSI Russia News

  • MIL-OSI Russia: Muscovites have begun inspecting apartments under the renovation program in a new building on 1st Vladimirskaya Street

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    An information center for resettlement has opened for residents of the first and second buildings of the house 36 on Perovskaya Street, which is being resettled. This was reported by the Minister of the Moscow Government, head of the capital’s Department of City Property Maxim Gaman.

    “At the end of December, the city offered equivalent apartments in building 47, block 1 on 1st Vladimirskaya Street to more than 200 Muscovites living in two old five-story buildings on Perovskaya Street. Since January 14, they have begun to inspect the new housing. Residents can ask any questions about the move to specialists from the resettlement information center, which operates in the neighboring new building – building 40a on Perovskaya Street. It is located next to the five-story buildings being resettled,” said Maxim Gaman.

    The area around the new house was landscaped. Complex landscaping was carried out, children’s and sports playgrounds were equipped, as well as a recreation area.

    “The new building will have 108 apartments with improved finishing according to the renovation program standards. Three of them have been equipped for people with disabilities – the width of the corridors and doorways has been increased, and special plumbing has been installed. The total area of all the apartments is almost seven thousand square meters. The passage in the entrance is through, this will allow residents to get to both the internal courtyard space without cars, and to the external space with guest parking. The first floor of the new building is non-residential, in the future, social and household infrastructure facilities will open there. In order to make the move of Muscovites under the renovation program more comfortable, the city provides free movers and a truck that will help transport things from the old apartment to the new one,” clarified the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy

    Vladislav Ovchinsky.

    For program participants who have full account on mos.ru, super service works “Moving under the renovation program”.

    They can sign up for an inspection of the apartment online, and after the draft contract is ready, choose a convenient time to sign it. If necessary, you can also sign up for an appointment with a notary remotely and send it to Department of City Property personal and title documents by uploading them using the appropriate serviceIn addition, Muscovites can submit an online application to eliminate construction defects, as well as call movers to transport things from an old apartment to a new one.

    In the capital Department of Information Technology noted that general instructions posted in the super service “Moving under the renovation program” will help prepare for relocation on the mos.ru portal. It includes information about the organization of the process, a list of necessary documents for drawing up the contract and links to useful services. By setting certain parameters, residents will receive instructions adapted to their specific situation.

    Renovation program approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. Earlier, Sergei Sobyanin ordered to increasethe pace of implementation of the renovation program has doubled.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project “Infrastructure for life”.

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

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

    https: //vv.mos.ru/nevs/ite/149450073/

    MIL OSI Russia News

  • MIL-OSI Russia: Seven commercial premises in Maryina Roshcha put up for auction

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the north-east of Moscow will be sold through open electronic auctions non-residential premises area from 80 to 145 square meters. The auctions will be held from February 20 to March 5. This was reported by the head of the capital’s Department of Competition Policy Kirill Purtov.

    “Commercial real estate in the capital’s districts with developed infrastructure is in stable demand among investors and entrepreneurs. The city is currently offering seven free-use premises on the ground floors of new buildings in Maryina Roshcha. The winners of the auctions will be able to use them to open service enterprises. Applications for participation in open electronic auctions will be accepted until February 11 and 25, depending on the selected property,” said Kirill Purtov.

    Six of the proposed lots are located on Sheremetyevskaya Street, and another one is on 1st Streletsky Proezd. All properties have a separate entrance from the street and are connected to the main utilities, including electricity, water supply, and sewerage.

    The city regularly puts commercial real estate up for auction. Currently, more than 270 non-residential premises and buildings are available to entrepreneurs. All procedures are carried out online. To participate, you must register on electronic trading platform “RoselTorg” and have an enhanced qualified electronic signature.

    Moscow is a city that develops entrepreneurship. The capital puts various properties up for auction, with the showcase of the offered objects being Moscow investment portal. In the section “Property from the city” publish all the necessary information about the lots: photographs, documentation, conditions and form of implementation. Here you can also take a 3D tour of the objects.

    Development of electronic services for business corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State” and the regional project of the city of Moscow “Digital Public Administration”.

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

    https: //vv.mos.ru/nevs/ite/149419073/

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  • MIL-OSI Russia: “Winter in Moscow”: “Active Citizens” Will Evaluate the “Chinese New Year” Sites

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the project “Active Citizen” voting has begun, dedicated to the festival “Chinese New Year in Moscow”. Participants will tell what events they would like to attend and evaluate the design of city venues. You can choose up to five answers to each question.

    The festival will last until February 9. Residents and guests of the capital will get acquainted with the culture and traditions of the Celestial Empire, see theatrical performances, drum shows, as well as dragon and Chinese lion dances. In addition, master classes will teach everyone how to make Chinese lanterns, paper fans and other souvenirs.

    The main venue will be Manezhnaya Square. Events will also take place at the Moscow Zoo, Moskino Cinema Park, VDNKh, Bolotnaya and Tverskaya Squares and other places. You can see the detailed schedule on the project’s special page “Winter in Moscow”, of which the festival became a part, and in “Russpass-magazine”.

    The capital celebrates Chinese New Year as part of the cross-cultural Years of Russia and China. The festival is organized by the Moscow Government with the support of the Ministry of Foreign Affairs of the Russian Federation and the Embassy of the People’s Republic of China in Russia.

    For participating in the voting, “active citizens” will be awarded points in the city’s loyalty program “A Million Prizes”Muscovites can use them to receive souvenirs with logos of electronic projects, top up the Troika transport card and the parking account of the Parking of Russia application. In addition, points can be donated to charity.

    Voting (link) prepared by Department of Culture of the City of Moscow,Moscow City Tourism Committee and the project “Active Citizen”.

    Project “Active Citizen” has been operating since 2014. During this time, more than seven million people have joined it. In total, over seven thousand votes have been held. Every month, 30-40 decisions made by Muscovites are implemented in the city. The project is being developed Department of Information Technology of the City of Moscow and the State Institution “New Management Technologies”.

    The creation, development and operation of the electronic government infrastructure, including the provision of mass socially significant services, as well as other services in electronic form, corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State”and the regional project of the city of Moscow “Digital Public Administration”.

    Project “Winter in Moscow”— the main event of the season, which until February 28 unites various events of the capital. Citizens and tourists are invited to remember traditions and history, warm up with tea and hot buns, go skating, skiing and tubing, watch ice shows, give gifts to people who find themselves in a difficult life situation, show care for those who need it.

    Muscovites and guests of the capital are offered a huge selection of events in the open air and in cultural and sports institutions. The atmosphere of winter traditions has engulfed the entire city – more than 1.9 thousand sites are open. The largest festivals of the capital are organically woven into the project: “Moscow Estates”, “Moscow Tea Party”, “City of Light” and many others. All information about the project and winter season events can be found in a special section Mos.ru.

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

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

    https: //vv.mos.ru/nevs/ite/149429073/

    MIL OSI Russia News

  • MIL-OSI China: Qiongzhou Strait enhances ferry services

    Source: China State Council Information Office 2

    Staff members check before the departure of a ferry carrying new energy vehicles at Xiuying Port, Haikou City of south China’s Hainan Province, Jan. 26, 2025. [Photo/Xinhua]
    To brace for the Spring Festival travel rush and better manage the influx of tourists and vehicles in Hainan, authorities have enhanced ferry services across the Qiongzhou Strait and upgraded piers to ensure safe ocean transport.
    Ferries specifically designated for transporting new energy vehicles (NEVs) have also been put into operation. At least 20 voyages of this ferries have been scheduled daily, which can guarantee 3,500 NEVs in or out of the island, during this travel rush.

    MIL OSI China News

  • MIL-OSI Russia: GUU expert in the Public Chamber: professor took part in the meeting of the Commission on Interethnic Relations

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    A professor from the State University of Management took part in an extended meeting of the Commission on Interethnic, Interreligious Relations and Migration, which was held in the Public Chamber of the Russian Federation.

    The event was opened by the Chairman of the Commission, Professor Vladimir Zorin, who presented a report on the work done in the previous year and outlined priority tasks for 2025.

    Professor of the Department of Public Administration and Political Technologies of the State University of Management, member of the Council under the President of the Russian Federation on Interethnic Relations and the Public Council under the Ministry of Internal Affairs of Russia Vladimir Volokh spoke at the meeting. He emphasized that the effective solution of issues of state national and migration policy requires close interaction of state authorities with civil society institutions, the scientific community, socially responsible business, and various public organizations.

    Vladimir Volokh also expressed the opinion that at the current stage of development, it is necessary not to update the Concept of the state migration policy of the Russian Federation, but to develop and approve by the Head of State the Strategy of the state migration policy of the Russian Federation in accordance with the Constitution of the Russian Federation. This, in his opinion, will ensure a more systematic and long-term approach to managing migration processes.

    The meeting was also attended by members of the commission, experts and invited guests, including: Director of the Department of National Policy of the Domestic Policy Directorate of the Presidential Administration of Russia Tatyana Vagina; State Secretary – Deputy Head of the Federal Agency for Ethnic Affairs of Russia Anna Kotova; 1st Deputy Chairman of the Commission Vladimir Lagkuev; Deputy Secretary General – Head of the General Secretariat of the Eurasian Peoples’ Assembly Svetlana Smirnova; Director of the Federal State Budgetary Institution “House of the Peoples of Russia” Anna Polezhaeva; Commission expert, Director of the ANO “Resource Center in the Sphere of National Relations” Evgenia Mikhaleva; Head of the Department for Work with Government Structures of the Synodal Department for Church-Society Relations and the Media Pavel Lebedev and others.

    During the work, it was noted that since the beginning of 2024, a number of regulatory legal acts have been adopted aimed at improving migration policy, creating a more effective system for combating illegal migration and forming a legislative basis for combating illegal actions. These measures include the introduction of a regime for the expulsion of illegal migrants, the creation of a register of controlled persons who do not have the right to be in the country, limiting the number of SIM cards sold, including by illegal immigrants, tightening requirements for concluding contracts for the provision of communication services, including the collection of biometric data, as well as the adoption of a law aimed at combating fictitious marriages and adoptions.

    One of the important areas of the Commission’s work remains work with youth. The meeting participants noted that in the context of destructive influence from abroad, the main areas of activity are called upon to solve the problems of strengthening interethnic unity, improving migration policy and ensuring religious harmony.

    The members of the commission unanimously supported the proposal of the President of the Russian Federation Vladimir Putin to create a Center for Migration Issues under the Ministry of Internal Affairs of Russia.

    Subscribe to the TG channel “Our GUU” Date of publication: 01/29/2025

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

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  • MIL-OSI Russia: GUU helps Anapa: university volunteers fight fuel oil spill on the coast

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On December 15, 2024, two tankers sank in the Black Sea. Several tons of fuel oil ended up in the water and were later washed up on the coast. Rescuers have been fighting the consequences of the accident for over a month. The coast is being cleaned, among other things, by specialists from the All-Russian Student Rescue Corps. On January 16, a group of 18 volunteers joined the liquidators, including representatives of the State University of Management. There is still a lot of work to do, but there are already great results. 35 days after the tankers sank in the Kerch Strait and the fuel oil spill, the main beaches of Anapa are almost cleared. This was reported by the head of the Moscow city branch of the VSKS, director of the Educational and Training Center for Actions in an Emergency and Basic Military Training of the State University of Management Maxim Dzhetygenov and a second-year master’s student Matvey Ulyanov.

    As noted by the university representatives, the work is well-coordinated and productive, but is complicated by weather conditions. Strong winds are raging on the coast of Anapa, which is why rescuers are working in shifts to avoid hypothermia.

    “There is plenty of work now. The sea is rough, yesterday we were cleaning the beach area, and today we arrived and discovered that the waves had washed up fuel oil on the shore again. The guys have to get back to work and clean familiar places from new pollution,” said Maxim Dzhetygenov.

    To ensure the safety and effectiveness of the volunteers, a mutual aid headquarters called “We Are Together” has been created. Two people are on duty there 24 hours a day, giving everyone personal protective equipment. Before starting work, all rescuers undergo safety training and receive instructions on how to perform specific tasks for the day. And there are really many who want to help. As Matvey Ulyanov noted, about 7,000 volunteers participate in the cleanup every day, including local residents and representatives of various organizations.

    “Many local residents come. They bring fuel, food, water. That is, everything that we, in principle, need. We also supply civilians who want to help with personal protective equipment. These are overalls, gloves, glasses, respirators. And we involve them in our work,” said Matvey Ulyanov.

    Volunteers make an invaluable contribution to cleaning the coast. It is worth noting that their work is not limited to this. All the guys are “universal soldiers”. When the weather does not allow continuing rescue operations, volunteers help ecologists. They build structures for cleaning and rehabilitating injured birds, install barriers designed to collect fuel oil. This work is carried out indoors, which allows work even in bad weather.

    “The guys also insulate special houses, where electricity is later installed, lamps are hung to keep it warm, sand is brought in there, and it is also placed on the insulation so that the birds can undergo rehabilitation in more comfortable conditions,” noted Maxim Dzhetygenov.

    Volunteers working on the beach first collect a mixture of sand and fuel oil in bags. Then special equipment comes to the rescue: a tractor with a bucket, which drives up to the collection site and loads the bags. After that, the cargo is transferred to KAMAZ dump trucks, which take the waste to the landfill. During the day, rescuers collect an average of 150-170 bags.

    The situation is now much better than it was in the first days after the accident. This is confirmed by Maxim Dzhetygenov.

    “As the chief of staff, I drive around our area of responsibility along the coastline every morning and inspect it. I can say that there are no large deposits of fuel oil now. But a small “crumb” of oil product is still thrown out,” noted Maxim Dzhetygenov.

    And this once again emphasizes the importance of work to restore the ecology of the Anapa coast. The efforts of volunteers with the support of local residents inspire hope for the successful completion of the work and the restoration of the ecological situation. We will add that on January 24, representatives of the State University of Management will return to Moscow.

    Subscribe to the TG channel “Our GUU” Date of publication: 01/29/2025

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

    MIL OSI Russia News

  • MIL-OSI China: Tesla suing EU over tariffs on China-made EVs

    Source: China State Council Information Office

    United States electric vehicle, or EV, maker Tesla is challenging the European Union’s decision to slap hefty import tariffs on China-made electric autos.

    The legal action by the company, which is owned by technology guru Elon Musk, is similar to court challenges launched last week by German automaker BMW and Chinese carmakers, including BYD Auto, SAIC Motor, and Geely. Chinese industry body the China Chamber of Commerce for Import and Export of Machinery and Electronic Products has also launched a legal challenge in the EU’s courts. And China’s government has filed a complaint about the bloc’s tariffs with the World Trade Organization.

    The European Court of Justice confirmed Tesla’s legal challenge on Monday.

    Olof Gill, the EU’s trade spokesperson, told Agence France-Presse: “We take note of these cases and we look forward to defending ourselves in court as necessary.”

    Tesla’s legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla’s China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.

    The bloc said it introduced the China-specific tariffs in response to what it says are unfair subsidies that include low-interest loans, cheap land, and supplier discounts, claims China has strongly denied.

    Tesla’s legal challenge will be heard in the EU’s General Court. Any verdict handed down there could then be challenged in the European Court of Justice.

    The court case comes against the backdrop of deteriorating relations between the EU and Musk, who is the world’s richest individual.

    Musk, who owns the social media platform X, has spoken out strongly against the bloc’s efforts to regulate internet activity. He has also angered the EU by throwing his support behind far-right political parties, including Germany’s Alternative for Germany.

    Critics have said Musk’s political activism may have contributed to Tesla’s recent decline in Europe, with the brand seeing its sales fall by 13 percent, year-on-year, in 2024, to 242,945 units, according to the European Automobile Manufacturers Association. Around 28 percent of Chinese-made electric automobiles imported into the EU in 2023 were Teslas.

    Around one-fifth of all electric cars sold in the EU – some 300,000 units – are made in China.

    The court case is likely to take around 18 months to complete.

    Tesla has also called on the Canadian government to scrap its 100 percent tariff on electric cars imported from China.

    MIL OSI China News

  • MIL-OSI Asia-Pac: CS inspects Lo Wu Control Point

    Source: Hong Kong Information Services

    Chief Secretary Chan Kwok-ki paid a visit to the Lo Wu Control Point this morning to learn about the various arrangements and operations of relevant departments to cope with the increase in inbound and outbound passenger traffic during the Lunar New Year period.

    Mr Chan also expressed wishes for the country to thrive vigorously, for Hong Kong to have harmony and prosperity, and every success to the community.

    During his visit to the control point, the Chief Secretary extended his New Year greetings to the staff on duty and expressed his gratitude to them for performing their duties with dedication during the holidays.

    Along the way, he took the opportunity to extend Lunar New Year greetings to citizens and travellers.

    Accompanied by Secretary for Security Tang Ping-keung, Director of Immigration Benson Kwok and Commissioner of Customs & Excise Chan Tsz-tat, Mr Chan met the frontline staff of the Immigration Department, Customs and Police on duty at the control point.

    He learnt about the arrangements and operation conditions for customs clearance, diverting passenger movements, public order maintenance, etc at the control point during the Lunar New Year period.

    Mr Chan was pleased to note that the relevant government departments have been in close co-ordination and liaison with stakeholders of transport, tourism and other sectors for making good preparations for receiving visitors during the Chinese New Year Golden Week of the Mainland, and ensuring the orderly operation of boundary control points.

    The Chief Secretary also encouraged visitors arriving in Hong Kong to stay overnight during the Lunar New Year holidays to fully enjoy the rich and diverse celebratory activities to be held across various districts and experience Hong Kong’s unique city charm.

    At the same time, he instructed relevant departments to collaborate with various stakeholders, including public transport operators, to strengthen information dissemination, including the situation at various boundary control points, details of celebration events and transport arrangements.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Vitamin B6 is essential – but too much can be toxic. Here’s what to know to stay safe

    Source: The Conversation (Au and NZ) – By Vasso Apostolopoulos, Distinguished Professor, Professor of Immunology, RMIT University

    Kim Kuperkova/Shutterstock

    In recent weeks, reports have been circulating about severe reactions in people who’ve taken over-the-counter vitamin B6 supplements.

    Vitamin B6 poisoning can injure nerves and lead to symptoms including numbness, tingling and even trouble walking and moving.

    In some cases, those affected didn’t know the product contained any vitamin B6.

    So what is vitamin B6, where is it found and how much is too much? Here’s what you need to know about this essential nutrient.

    What is vitamin B6?

    Vitamin B6 (also known as pyridoxine) is a group of six compounds that share a similar chemical structure.

    It is an essential nutrient, meaning we need it for normal body functions, but we can’t produce it ourselves.

    Adults aged 19–50 need 1.3mg of vitamin B6 per day. The recommended dose is lower for teens and children, and higher for those aged 51 and over (1.7mg for men and 1.5mg for women) and people who are breastfeeding or pregnant (1.9mg).

    Most of us get this in our diet – largely from animal products, including meat, dairy and eggs.

    The vitamin is also available in a range of different plant foods, including spinach, kale, bananas and potatoes, so deficiency is rare, even for vegetarians and vegans.

    The vitamin B6 we consume in the diet is inactive, meaning the body can’t use it. To activate B6, the liver transforms it into a compound called pyridoxal-5’-phosphate (PLP).

    In this form, vitamin B6 helps the body with more than 140 cellular functions, including building and breaking down proteins, producing red blood cells, regulating blood sugar and supporting brain function.

    Vitamin B6 is important for overall health and has also been associated with reduced cancer risk and inflammation.

    Despite being readily available in the diet, vitamin B6 is also widely included in various supplements, multivitamins and other products, such as Berocca and energy drinks.

    Most people get enough vitamin B6 from their diet.
    Tatjana Baibakova/Shutterstock

    Should we be worried about toxicity?

    Vitamin B6 toxicity is extremely rare. It almost never occurs from dietary intake alone, unless there is a genetic disorders or disease that stops nutrient absorption (such as coeliac disease).

    This is because all eight vitamins in the B group are water-soluble. If you consume more of the vitamin than your body needs, it can be excreted readily and harmlessly in your urine.

    However, in some rare cases, excessive vitamin B6 accumulates in the blood, resulting in a condition called peripheral neuropathy. We’re still not sure why this occurs in some people but not others.

    Peripheral neuropathy occurs when the sensory nerves – those outside our brain and spinal cord that send information to the central nervous system – are damaged and unable to function. This can be caused by a wide range of diseases (and is most well known in type 2 diabetes).

    The most common symptoms are numbness and tingling, though in some cases patients may experience difficulty with balance or walking.

    We don’t know exactly how excess vitamin B6 causes peripheral neuropathy, but it is thought to interfere with how the neurotransmitter GABA sends signals to the sensory nerves.

    Vitamin B6 can cause permanent damage to nerves. Studies have shown symptoms improved when the person stopped taking the supplement, although they didn’t completely resolve.

    What is considered excessive? And has this changed?

    Toxicity usually occurs only when people take supplements with high doses of B6.

    Until 2022, only products with more than 50mg of vitamin B6 were required to display a warning about peripheral neuropathy. But the Therapeutic Goods Administration lowered this and now requires any product containing more than 10mg of vitamin B6 to carry a warning.

    The Therapeutic Goods Administration has also halved the daily upper limit of vitamin B6 a product can provide – from 200mg to 100mg.

    These changes followed a review by the administration, after receiving 32 reports of peripheral neuropathy in people taking supplements. Two thirds of these people were taking less than 50mg of vitamin B6.

    The Therapeutic Goods Administration acknowledges the risk varies between individuals and a lot is unknown. Its review could not identify a minimum dose, duration of use or patient risk factors.

    But I thought B vitamins were good for me?

    Too much of anything can cause problems.

    The updated guidelines are likely to significantly lower the risk of toxicity. They also make consumers more aware of which products contain B6, and the risks.

    The Therapeutic Goods Administration will continue to monitor evidence and revise guidelines if necessary.

    While vitamin B6 toxicity remains very rare, there are still many questions about why some people get peripheral neuropathy with lower dose supplements.

    It could be that some specific vitamin B compounds have a stronger effect, or some people may have genetic vulnerabilities or diseases which put them at higher risk.

    So what should I do?

    Most people don’t need to actively seek vitamin B6 in supplements.

    However, many reports to the Therapeutic Goods Administration were of vitamin B6 being added to supplements labelled as magnesium or zinc – and some weren’t aware they were consuming it.

    It is important to always check the label if you are taking a new medicine or supplement, especially if it hasn’t been explicitly prescribed by a health-care professional.

    Be particularly cautious if you are taking multiple supplements. While one multivitamin is unlikely to cause an issue, adding a magnesium supplement for cramping, or a zinc supplement for cold and flu symptoms, may cause an excessive vitamin B6 dose over time, and increase your risk.

    Importantly, pay attention to symptoms that may indicate peripheral neuropathy, such as pins and needles, numbness, or pain in the feet or hands, if you do change or add a supplement.

    Most importantly, if you need advice, you should talk to your doctor, dietitian or pharmacist.

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

    ref. Vitamin B6 is essential – but too much can be toxic. Here’s what to know to stay safe – https://theconversation.com/vitamin-b6-is-essential-but-too-much-can-be-toxic-heres-what-to-know-to-stay-safe-248443

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Banking: Global resale apparel market soars 17.6% to $204.7 billion in 2024, reveals GlobalData

    Source: GlobalData

    Global resale apparel market soars 17.6% to $204.7 billion in 2024, reveals GlobalData

    Posted in Retail

    The global resale apparel market experienced its fourth consecutive year of double-digit growth in 2024, driven by continued appetite for preloved fashion. The market witnessed a growth of 17.6% to reach $204.7 billion last year, outperforming the traditional apparel market, which only grew a meager 0.1%, reveals GlobalData, a leading data and analytics company.

    According to GlobalData forecasts, the resale apparel market is set to continue experiencing strong growth, rising by 13.3% in 2025, with a compound annual growth rate (CAGR) of 11.4% expected between 2023 and 2028.

    Alice Price, Apparel Analyst at GlobalData, comments: “The resale apparel market has been benefitting from consumers seeking more affordable fashion, especially in regions like North America and Europe, where shoppers are facing greater economic uncertainty. This is coupled with rising environmental awareness, as consumers become more conscious of the amount of fashion ending up in landfills, as well as the continued investments online platforms such as Vinted, Depop, and eBay are making to enhance and expand their propositions.”

    Asia Pacific and the Middle East and Africa are the two regions expected to see the strongest growth in the forecast years, rising at CAGRs of 14.1% and 11.6% between 2023 and 2028, respectively, as the stigma associated with purchasing secondhand goods lessens and awareness of fashion’s impact on the planet spreads. Luxury resale is especially gaining popularity, with consumers in these regions having a particular penchant for designer goods.

    Meanwhile, the Americas and Europe are anticipated to experience the weakest growth, with these regions already having well established resale markets, and Latin America and Eastern Europe’s lower online penetrations restricting platform development.

    Price concludes: “Across all these markets combined, footwear is forecast to experience the strongest growth between 2023 and 2028, with a CAGR of 13.8%, and its share of the market rising 1.3ppts to 13.2%. This is driven by the popularity of resale trainers, especially limited edition and rare styles, which can gain value over time.

    “Accessories is also expected to see its share rise marginally, by 0.1ppt to 9.9%, with a forecast CAGR of 11.6%, as secondhand designer items like handbags become increasingly desirable to aspirational shoppers priced out of the traditional luxury market. Though clothing will continue to account for the majority of resale apparel sales, it is anticipated to experience the slowest CAGR in the forecast years of 11.0%. Its share will also contract 1.5ppts to 76.9%, as the other categories become more established.”

    MIL OSI Global Banks

  • MIL-OSI Banking: Cannabis users’ consumption behavior and product choices are different from other consumers, presenting a key knowledge gap for food and beverages brand strategy, according to new GlobalData study

    Source: GlobalData

    The study looks at how the use of cannabis is impacting consumption in key food and beverage categories in key markets.

    GlobalData’s new “Hot Topics” cannabis study on the claimed consumption behavior of cannabis users compared to non-users highlights that this is a large and growing consumer group, who are behaving differently to the general population, in ways that brand owners and their stakeholders may not fully realise.

    Jenny Questier, Consumer Analysis Director at GlobalData, commented: “Currently, there is little research data or analysis available to help companies understand the impact of a new cohort of cannabis users in consumer packaged goods markets where the drug has been legalized. While this study’s findings are indicative, they could apply to any market where cannabis use is prevalent as they do provide some useful insights into the impact that cannabis users consumption behavior could have on product choices being made in key food and beverage categories and which demographics are important in future product development and positioning.”

    The study entitled, Hot Topics Report: Impact of cannabis use on consumption in key markets, provides a top-line indication of how consumers who claim to use cannabis, describe their use of the drug in five key markets which have legalized the recreational use of the cannabis, namely: the US, South Africa, Canada, Mexico and Germany, and the claimed impact this may have on consumer consumption in the alcoholic drinks, non-alcoholic drinks, savory snacks, and chocolate and confectionary categories in each of these markets.

    The study reveals that cannabis users have a tendency to stay at home more, are more concerned about their physical and mental health, spend more time online, and perhaps as a consequence of this, order more food online, when compared to non-cannabis users. Interestingly, the known side effects of cannabis use of increasing hunger and thirst are significantly impacting on consumers’ net consumption of non-alcoholic beverages, savory snacks and chocolate and confectionary, however, the drug’s use currently seems to have a limited impact on alcohol consumption overall.

    This is an important cohort for consumer packaged goods companies because the number of recreational cannabis users is already significant and is set to grow further. In the US, cannabis is legal for recreational use in 24 out of 50 states, according to the *Pew Research Centre. In the US, there were an estimated 17.7 million daily cannabis users recorded in 2022, according to research published in the journal Addiction, based on data collected by the National Survey on Drug Use and Health.

    Questier continued, “In the coming decade, the number of cannabis users is set to grow globally as more US states are likely to legalize recreational cannabis use, public support may lead more countries to do the same, and more people are likely to take up the habit as a means of relaxation, enjoyment, and for perceived health benefits. It is imperative that brands and manufacturers of food and beverages understand what this may mean for future innovation and target consumer groups.”

    Here are some of the top-line indicative findings from the study for each food and beverages category surveyed in each market:

    Alcoholic and Non-alcoholic Drinks

    Cannabis use does not appear to have a significant impact on alcoholic drinks sales!

    Claimed alcohol consumption remains largely unchanged overall as a result of cannabis use, generally holding steady at a plus or minus 1% net change in most markets. Canada and Mexico have a small net decline in alcohol consumption with Germany’s high +10% net change attributed to a smaller sample size as cannabis has only recently been legalized in the country, and reported use remains relatively low.

    An assumption that alcohol sales overall might suffer from the increased use of cheaper cannabis products as the stimulant effects are similar is not evident from this study. However, that’s not to say that the alcoholic drinks market isn’t changing; female cannabis users are drinking less alcohol, but males are drinking more.

    Cannabis use makes you thirsty for non-alcoholic drinks!

    All markets in this study saw a significant rise in the consumption of non-alcoholic drinks by cannabis users. In some markets, this rise occurred among all demographics, in other markets younger consumers dominated.

    Savory Snacks and Chocolate & Confectionary

    Cannabis use gives you the munchies, boosting savory snacks sales!

    All markets saw a rise in savory snack consumption due to cannabis use; North American markets had particularly large rises. Unlike beverages, Gen Z do not dominate savory snack sales, instead it is older Gen Y and Gen X consumers.

    Cannabis use gives you a sweet tooth, increasing chocolate & confectionery sales!

    Cannabis use drives a significant rise in chocolate and confectionery consumption in most markets, although the demographic leading this varies from market to market.

    Questier adds: “The top-line results from this indicative study show that cannabis users’ consumption behavior is different from other consumers. Consumption of soft drinks, savory snacks and chocolate and confectionery is significantly increased, with the balance between male and female, and young and old consumers shifting in each market. Whilst there is limited claimed impact from cannabis users on total alcohol consumption, the demographic make-up of this market is nevertheless changed by the presence of cannabis.

    “With little research conducted into this area to date, the study’s indicative findings suggest that the implications of cannabis use for consumer packaged goods companies and their stakeholders could be significant for brand strategy, consumer targeting, portfolio management, innovation, sales, advertising, and marketing. Further research by brand, category, and geography could be required to ensure that these implications are understood and appropriate strategies devised to manage them.”

    Free sample pages from the “Hot Topics Report: Impact of cannabis use on consumption in key markets”, are available here

    * Source: Pew Research Centre: here

    GlobalData Consumer Custom Solutions offers sector-level expertise in the Consumer Packaged GoodsFood, Beverages, Foodservice, Retail, Apparel, Packaging, Agribusiness, and Automotive industries. We use our unique data, insights and analytics to answer your bespoke questions with a tailored approach and deliverables.​ To learn more about this press release or have a chat, please drop us an email consulting@globaldata.com or contact us here and we’ll get in touch!

    MIL OSI Global Banks

  • MIL-OSI Banking: Thyroid Awareness Month highlights importance of early detection and treatment, says GlobalData

    Source: GlobalData

    Thyroid Awareness Month highlights importance of early detection and treatment, says GlobalData

    Posted in Medical Devices

    Thyroid Awareness Month emphasizes the importance of early detection and effective management of thyroid disorders, which affect millions of people worldwide. By raising awareness and encouraging proactive care, this initiative seeks to improve patient outcomes and foster a better understanding of thyroid health, says GlobalData, a leading data and analytics company.

    The thyroid, a butterfly-shaped gland in the neck, produces hormones critical for regulating metabolism, energy levels, heart function, and more. Disorders such as hypothyroidism and hyperthyroidism often go unnoticed until symptoms become severe. Early detection through routine screenings can significantly enhance treatment outcomes and improve quality of life.

    GlobalData estimates that the market for thyroid function tests will grow steadily, with a compound annual growth rate (CAGR) of 1.00% from 2023 to 2024. This reflects the rising demand for diagnostic tools and therapies tailored to endocrine health.

    Cynthia Stinchcombe, Medical Devices Analyst at GlobalData, comments: “Thyroid disorders are more common than many realize, yet millions remain undiagnosed. Awareness initiatives like Thyroid Awareness Month play a crucial role in promoting early screening and intervention, ultimately transforming patient care and outcomes.”

    Hypothyroidism leads to fatigue, weight gain, and sensitivity to cold, while hyperthyroidism causes weight loss, anxiety, and heat sensitivity. Other conditions include thyroiditis, nodules, goiters, and thyroid cancer. Women are five to eight times more likely to develop thyroid-related issues, underscoring the need for targeted education and awareness.

    Stinchcombe adds: “As more individuals become aware of the symptoms and risks associated with thyroid disorders, healthcare providers are better equipped to address these conditions early. Routine blood tests, such as TSH screenings, enable early diagnosis, facilitating timely and effective treatment.”

    GlobalData highlights that advancements in diagnostic tools and therapies, combined with increased awareness, create an ecosystem that empowers patients to take control of their thyroid health. By encouraging routine screenings and addressing the symptoms early, thyroid disorders can be managed more effectively, reducing the long-term burden on patients and healthcare systems alike.

    Stinchcombe concludes: “Thyroid health is a vital yet often overlooked aspect of overall well-being. Awareness initiatives are crucial in ensuring that individuals receive the care they need. By prioritizing early detection and education, we can improve outcomes for millions worldwide affected by thyroid disorders.”

    MIL OSI Global Banks

  • MIL-OSI Banking: UK retailers prepare for a buoyant Valentine’s Day as more shoppers intend to spend, says GlobalData

    Source: GlobalData

    UK retailers prepare for a buoyant Valentine’s Day as more shoppers intend to spend, says GlobalData

    Posted in Retail

    Almost half of UK consumers intend to spend on Valentine’s Day this year or have already started to spend on it. This is an uplift on 2024 and has been driven by those aged 25-34. With this age group more likely to have young families, consumers plan to buy for partners and significant loved ones such as children and friends. Retailers have the opportunity to utilise the popularity of this occasion among these shoppers to encourage larger basket sizes and boost average spending, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Retail Occasions: Valentine’s Day Intentions 2025,” reveals 69.3% of UK 25–34-year-olds intend to spend on this occasion, marking a 7.8 percentage points (ppts) uplift on 2024 intentions. This age group will account for almost a quarter of Valentine’s Day shoppers in 2025, meaning this is a core target demographic for retailers.

    Zoe Mills, Lead Retail Analyst at GlobalData, comments: “Intention to spend on Valentine’s Day is high, but few consumers have started to spend on this occasion so far in January, meaning retailers still have plenty of time to entice shoppers to purchase. The grocers are in the best position, with the intention to spend the highest among the food & drink and gifting categories. Romance-themed meal deals including prosecco/champagne, should be promoted at the front of stores.

    “However, with the target audience likely to have children, retailers should also include Valentine’s Day-themed products that appeal to a much younger audience. Retailers should emulate Marks & Spencer’s range, including items like Love Hearts Biscuit Kits, enabling adults and children to decorate heart-themed biscuits.”

    While partners are the main recipients among Valentine’s Day gift shoppers, more consumers intend to spend on their children for the event, highlighting that this occasion is not just about romantic love but also familial love, coupled with self-love and the appreciation of one’s friends.

    Mills continues: “There is ample opportunity for retailers to broaden their reach with this occasion and ensuring a variety of more generic love-themed designs will enable their products to be gifted to a broad range of recipients. 11.9% of Valentine’s shoppers intend to purchase gifts for friends, up 3.2ppts on 2024. This trend is driven by Gen Z consumers, with 59% of this generation stating that Valentine’s Day is not just an occasion to treat their partner and that they like to buy gifts or cards for other loved ones. Events such as Galentine’s Day parties, celebrating friendship, may still be niche but must not be ignored by retailers.”

    GlobalData expects that food & drink gifts will be the most popular among Valentine’s Day shoppers, and retailers must ensure plenty of food & drink gift sets to appeal to shoppers, focusing on confectionery and alcoholic drink gift sets.

    Mills concludes: “Retailers must focus on food & drink gifts, where the intention to spend is high. The higher intention to spend on these items also implies that Valentine’s Day gifts are more of a token than an excuse to splurge on premium options such as fine jewellery, and retailers must ensure a broad pricing architecture to appeal. Flowers are also an accessible option for male Valentine’s Day shoppers, and providing a broad range to cater to different colour preferences is crucial. Red roses or red & pink bouquets should not be the only options; fun and colourful bouquets could appeal to those looking for something less traditional and more generally to those seeking these gifts for friends.”

    MIL OSI Global Banks

  • MIL-OSI Australia: Press conference, Whyalla

    Source: Australian Executive Government Ministers

    PHILL STONE (MAYOR, WHYALLA COUNCIL): Well, perhaps I can just thank everybody for being here. Today is a fantastic day. The start of what I would like to think is quite a few good announcements coming up, but we are able to move forward thanks to the Minister being here with a special announcement that our community is hanging out for. Minister. 

    CATHERINE KING: Well, thanks, it’s lovely to be here with you, Mayor Stone. It’s terrific– or Phill, I have to call you. 

    PHILL STONE: Yes, Phill.

    CATHERINE KING: To really announce– we’re announcing today South Australia’s successful Growing Regions Round 2 projects. And here, of course, in Whyalla, we’re announcing $3.14 million for the play and splash park at the foreshore. 

    What I do want to say is congratulations to the council staff and councillors for working closely with your community on this project. These grants are very competitive, and you’ve got this on absolutely and utterly your merits. I know that place is really important for people. And as towns change what we want to do in our recreation time changes as well. Often the council facilities have not been able to keep up to date, and it’s really hard to get and attract the sort of money needed to do these big scale projects. 

    So, we’re really delighted, as the Albanese Labor Government, to partner with councils as a really trusted delivery partner, to really make sure we’re improving the places that people live. I know this is just one part of the foreshore redevelopment overall, but it is really the cornerstone of it, providing that first possibility of having a meeting space, a gathering space for families, improving accessibility, making sure you can actually use this amazing foreshore. Whether it’s wind, hopefully not hail, but certainly when the sun is shining as well. So delighted to make that announcement, alongside over $11 million that were announcing under Round 2, which of course builds here in this local community on our recent announcement around the Whyalla Airport. Investing some $16.3 million, knowing that you are going to need a longer and stronger runway for all of the development that is to come here in this community. 

    So, Mayor Stone, it’s lovely to be here to make that announcement. And as I said, congratulations to the local community for the work and effort that you’ve put in to get this project to this point. 

    PHILL STONE: Thank you very much, Minister. And do I say, you are experiencing just one of our 301 days of beautiful sunshine here in Whyalla. Welcome. 

    CATHERINE KING: Beautiful. Happy to take some questions.

    UNIDENTIFIED SPEAKER: Jack, do you want to start? 

    JOURNALIST: Yeah. So, Funding for this project has sort of been in the works for quite a while. It was not approved in May of last year. Has anything changed for the Federal Government to allow it to come to fruition this time?

    CATHERINE KING: Yeah. Well, what happens with these projects is we have a– you know, I’ve really cleaned up the grants process because what we saw previously, frankly, were colour coded spreadsheets. And you may have not always seen projects of the most merit getting up. What we’ve done now is there’s a panel that assesses the first applic– sorry, so the Business Grant Hub assesses applications, and this initially determines whether they’re eligible or not eligible. I then have a panel of politicians from National Party, Liberal Party, Labor Party, independents having a look at those applications and making a recommendation to my department about how the merit rankings should be done. And then my department will then make recommendations to me. And that’s what’s happened, and I’ve gone down the list. 

    On this occasion, I think what’s happened is the council has listened. They weren’t successful in that first application. Listened, got feedback from the Grants Hub about what they could do to strengthen their application. And that’s what they’ve done. 

    JOURNALIST: This is probably more for Phill. Will council be targeting local contractors and businesses to take up the works for the development project? 

    PHILL STONE: They will certainly have the opportunity. Whatever works fall within the capabilities of our locals. We keep saying this: we will always favour local contractors. If they can come up with the goods, they come up with the price, and we can all move forward. And this will certainly be taken into account. No question about that at all. 

    CATHERINE KING: And I think you’ve estimated around 42 people will be employed in the construction of this project. And I always like to hear that as many locals as possible get those jobs, but they’ve got tender processes they’ll have to go through. Thank you.

    JOURNALIST: That’s it from me. 

    CATHERINE KING: Yep. ABC?

    UNIDENTIFIED SPEAKER: Dan. You’re up.

    JOURNALIST: Hello? Yes. Sorry, thanks so much for having me via the phone. One for Phill first. Is this something that– sorry, this specific splash and play plaza, is this something that the community have been yearning for? 

    PHILL STONE: Yes. It was one of the features in the original master plan put together by the community. Very much wanted a focus on water activities, sport. We always told the community it would take time. We would need extra funding to top up what council could provide. This funding now allows us to proceed. But the water feature was what the community wanted, and they’re now going to be able to get it. 

    JOURNALIST: Fantastic. Thanks very much Phill. Just a couple for the Minister. The question for you, Minister, you’re the Minister for Regional Development. How much is Whyalla on your radar in terms of regional cities [Indistinct]?

    CATHERINE KING: Well, certainly the council has made sure Whyalla is on my radar. I think they were one of the first council groups to reach out to me when I became a new minister almost two and a half years ago now, so that is part of the job of council. We have lots and lots of local governments come to Canberra regularly, contact my office and talk about their projects. All regions are on my radar. Whyalla is incredibly important, not just to the state of South Australia but, obviously, in terms of the nation as a whole. The steel you produce here goes into many of my infrastructure projects that are right the way around the country, incredibly important for the entire community.

    But I also care deeply. I live in a regional town myself and it’s got a long and deep history. I really love regional communities. I want to see them thrive. I want to see– they’re changing all the time; their economies are changing all the time. And part of my role as Regional Development Minister is trying to help make sure that they continue to become great places for people to live, to grow, to raise their families, as well as providing opportunities for tourism and bringing more money into the economy from other sources.

    JOURNALIST: Minister, you did touch on it but, obviously, Whyalla’s industries kind of hinges on the steelworks. You guys have made a commitment of $63 million for a new green steel production system in Whyalla. Can you tell us how much of that you have already delivered? And what thresholds are we waiting to see the rest of the $63 million going to GFG?

    CATHERINE KING: Yeah. Look, that will be questions for Minister Ed Husic, the Industry Minister. But the commitment that we have made is that we want to see the steelworks continue. We want to see it thrive. We know how important it is as I said, not just for South Australia but for the entire country. We know there are challenges as we head to net zero, in steel in particular – how we produce steel, how we make sure we reduce the energy intensity, the emissions intensity from a whole range of manufacturing, and steel is a really important component of that. 

    So, the questions in terms of the grant and thresholds really are for Minister Husic. But I know from the Albanese Labor Government’s point of view, we treat this very seriously. We want to make sure this is successful, and we’ll continue to work with council and our partners in the South Australian Labor Government to deliver for Whyalla.

    JOURNALIST: I appreciate that. You have mentioned this is Minister Husic’s portfolio but, within Cabinet, how concerned is the Cabinet and the government about the situation at the steelworks at the moment and GFG’s ownership of that?

    CATHERINE KING: Yeah. Well, obviously the commitment we’ve made is to that $63 million and we will continue to work very closely with the Malinauskas Labor Government. As the steelworks continue and the future of the steelworks continues we’ll continue talking to the South Australian Government about those matters.

    JOURNALIST: No worries. Thanks very much, Minister. Appreciate your time.

    CATHERINE KING: You are most welcome.

    [Unrelated content – casual conversation]

    PHILL STONE: Look, I just want to emphasise, I see today, as a result of a lot of hard work and negotiation, collaboration, sitting down, talking, Federal Government and particularly the funding we’ve already got for the airport, today’s announcement, other announcements that might just be around the corner, they’ve resulted through collaboration, through three parties sitting down, working together. And while we do that we can do nothing but succeed. And that is the crux. 

    There are some people that think we should go in, thumping on tables. While I’m Mayor that’s not my style and it’s not my team’s style. And I think you see the results of a whole team effort and we thank you so much for giving us this kick-start to get this underway. The community will certainly be waiting for that news. They’ll want us to start probably by yesterday. 

    CATHERINE KING: [Laughs] I’m sure they do.

    PHILL STONE: I will now say, why have–

    CATHERINE KING: [Interrupts] Where is it? 

    PHILL STONE: Yes. A week’s gone by, why haven’t you started? Obviously, there’s still a lot of work now behind the scenes, but you’ve really given us a good start. And while we continue to collaborate, work with both governments, we can’t do anything but succeed. And I thank you again very much for what you’ve done.

    CATHERINE KING: You’re most welcome. Thanks, everybody.

    [Applause]

    [Unrelated content – casual conversation]

    CATHERINE KING: Sorry, Dan*.

    JOURNALIST: Sorry, one more very quick question. I’m told the Premier’s heading up to Whyalla tomorrow. Do you have any plans to meet with him or anyone from the State Government tomorrow?

    CATHERINE KING: I think there will be someone else here with the Premier, as I understand it not from the Federal Government. But I’m heading to Katherine straight after this.

    JOURNALIST: No worries. Enjoy the trip.

    CATHERINE KING: Thank you. 

    MIL OSI News