NewzIntel.com

Blog

  • MIL-OSI Economics: Eddie Yue: Keynote address – Hong Kong FinTech Week 2024

    Source: Bank for International Settlements

    Good morning everyone. Welcome to the 9th Hong Kong FinTech Week, an annual event where vision, inspiration and innovation come together to shape the future of fintech.  It’s wonderful to welcome so many old and new friends today to discuss this exciting topic.

    This year’s theme is “Illuminating New Pathways in Fintech”. It captures where we are right now – at a critical juncture on our fintech journey.  We are seeing an unprecedented acceleration in financial development, fuelled by cutting-edge technologies.

    Having arrived at this point after marking a number of significant milestones along the way, it’s perhaps time to take stock and ask ourselves “What’s on the horizon for Fintech?”

    What we have learned from innovation and fintech

    Before I delve into that question, let’s revisit our overarching vision, which is to nurture a vibrant fintech ecosystem. Like instruments in an orchestra, so do individual players in the fintech ecosystem, whether they are agile start-ups or established institutions, each have their own parts to play. 

    But let’s be honest, a vibrant fintech ecosystem cannot be built overnight. Technology is continuously disrupting everything, including our financial markets.  For many of us, embracing change isn’t always easy, and sometimes the process of driving innovation may even feel uncomfortable and disorienting.  But change is often also a good opportunity to reflect on how we can innovate to better serve the greater good.

    Our Fintech 2025 strategy is a powerful testament to our commitment to innovation. Over the last few years, we have driven some positive transformations in our fintech ecosystem, and I would like to take the next few minutes to share three lessons we have learned along the way.

    First, innovation is not an end in itself, but a means to solve real-world problems. Whether it’s faster payments or better banking access for SMEs, technology is a means to help transform everyday experience and bring benefits to the real economy.  One area we’ve been focusing on is enhancing cross-border payments.  The link between our Faster Payment System (FPS) and Thailand’s PromptPay is one example, providing consumers with a seamless cross-border payment experience and bringing us closer to a world of truly borderless transactions.  Another example is the cross-boundary e-CNY pilot, which allows Hong Kong people to set up e-CNY wallets locally, with linkage to the FPS for cross-boundary payments.  Whether you are buying coffee in Bangkok or settling a bill in a Shenzhen restaurant, payment is as simple as if you were in Hong Kong.

    Another example is the use of technology to address long-standing pain points in the data ecosystem. By linking up isolated data islands and combining sources from the public and private sectors, we are expanding and diversifying our data network.  The linkage between HKMA’s Commercial Data Interchange and the Government’s data gateway is now fully operational, helping to address the industry’s need for government data which can be used to support the credit needs of SMEs.  

    The second thing we have learned is the need to be bold in driving innovation. We need to have an “explorer” mindset to try out innovative ideas even if they are only at a formative stage.  One good example is tokenisation, which is just taking shape as we pioneer different use cases and solutions with Project Ensemble to explore and define the tokenisation landscape.  Working with the industry, we hope to showcase how innovation and regulation can work together to create new opportunities for our financial markets. 

    But a major trend like this inevitably comes with a need for clear guidance and market confidence, and we value your feedback and views as we navigate this evolving landscape. That is why we have been engaging with market players through the Ensemble and stablecoin sandboxes to help us formulate regulatory requirements that are risk-based and fit-for-purpose.

    Our third lesson is the importance of collaboration. Innovation thrives when we come together – cross-sector and cross-border partnerships let us tap into network effects and our collective knowledge, while playing to our individual strengths.

    Numerous collaborations are underway between the HKMA, various jurisdictions, and fintech players from both local and global markets. These partnerships, big and small, have proved to be essential building blocks that support further progress.

    I’ve talked about the three lessons we’ve learned so far: focus on real-world problems, be bold and be collaborative. These lessons are steering us into the next phase of our fintech journey.

    “What’s on the horizon for fintech?”

    So what’s this next phase? While we have yet to chart out our Fintech 2030 Strategy, I can think of two areas that the HKMA should focus on in the next few years. 

    Our first area of focus is tokenisation, including the novel idea of “Finternet” coined by the Bank for International Settlements (BIS). Let me first make clear that tokenisation is not the same as crypto-assets.  There has been some confusion because they both ride on blockchain technology, but don’t mix them up.  Crypto-assets are mostly speculative and our stance is to let the market grow and develop while putting guardrails around it to protect investors.  Tokenisation, on the other hand, is an innovative way to record the value and ownership of money and assets in digital form on a programmable ledger.  This will make it much easier for individuals, corporates, and financial institutions to access and trade these assets, thereby creating a more inclusive ecosystem that benefits everyone, whoever and wherever they are.

    We believe that tokenisation has the potential to create hyper-connectivity among users, data, and services that is essential to drive economic progress. This calls for a visionary shift to align with the constant advances in technology.

    The BIS has also recently introduced the “Finternet” concept. This envisions an internet-like network of interoperable financial ecosystems that places individuals and businesses at the heart of financial interactions.    

    Many of the ideas and concepts from the “Finternet” resonate closely with the HKMA’s tokenisation project. We envision a future where tokenisation integrates seamlessly with financial and real-world assets, enabling operations and transactions otherwise impossible with today’s technology.  Now you might be wondering, how can something as virtual as tokenisation connect with tangible assets?

    Let’s look at trade finance. Imagine you’re an SME importing goods from overseas.  Traditionally, you’d face a mountain of paper documents, like bills of lading and invoices.  With tokenised electronic bills of lading, you can now transfer these digital assets to a financial institution in exchange for funding. 

    Unlike a mere PDF copy of a bill of lading, this approach allows you to track real-time shipment status on the blockchain, eliminates paper, reduces the need for verification, and lowers fraud risks. We are actively exploring this through the Ensemble Sandbox to resolve frictions in trade finance.

    Tokenisation also ties in with green and sustainable finance, as it may open up new business models and opportunities for businesses and investors. For example, tokenised carbon credits traded on blockchain offer better transparency and credibility in carbon data, helping us tackle the issue of double counting that bedevils carbon trading today. 

    Another example can be found in the infrastructure for the electric vehicle (EV) industry. By leveraging real-time data from EV charging stations, we can turn the energy generated into a tokenised revenue stream for institutional investors.  We are looking closely at this model, as it has the potential to be replicated in various settings, mobilising funds to support the transition to a low-carbon economy.

    Our second area of focus is Artificial Intelligence (A.I.) and data, which will help build a smarter and data-driven financial future for everyone. I would like to expand on those two keywords “Smarter” and “Data-driven”.  When I say “Smarter”, I’m talking about the need to promote digitalisation in the banking industry, while ensuring we have the right safeguards in place. 

    In recent years, the banking industry has been leveraging A.I. to promote efficiency, analyse data, and enhance customer experience. The HKMA stance is clear: we are committed to encouraging responsible A.I. adoption.  Back in 2019, we already outlined the high-level principles on the use of A.I. by banks, and this policy guidance remains relevant today.

    Then we see the explosive uptake of Generative A.I. (GenA.I.) in the past two years. GenA.I. has the potential to transform how financial institutions operate, innovate, and engage with their customers.  As we stand at the dawn of this revolution, the HKMA recognises the opportunity to provide more targeted support to accelerate GenA.I. development, by collaborating with the best minds from various sectors.  To achieve this, we have launched various cross-sectoral initiatives, including the FiNETech series, research projects, and training sessions, all aimed at expediting digital transformation.

    Financial institutions are actively exploring the vast potential of GenA.I., from risk assessment to anti-fraud measures and customer interactions. In August this year, we launched the GenA.I.  Sandbox in collaboration with Cyberport to unlock the full potential of tailored GenA.I.  applications catering to the unique needs of Hong Kong’s financial market.  This innovative platform allows banks to pilot GenA.I.  use cases in a risk-managed environment, complete with technical support and targeted supervisory feedback.

    As we move forward, the HKMA will take an interactive and iterative approach, carefully evaluating the results of the Sandbox trials and sharing best practices. We will also provide additional supervisory guidance as necessary to ensure that the adoption of GenA.I. promotes responsible innovation, while maintaining the integrity of the banking sector.

    So, what about “Data-driven”? The aim here is to harness the power of data to reinforce Hong Kong’s leading position as a smart digital economy, both locally and globally.  To do that, open data flow is key.  Domestically, our two initiatives – Commercial Data Interchange and Interbank Account Data Sharing – will continue to integrate data networks which used to run in isolated silos.  This will help simplify KYC and credit risk assessments, thereby helping SMEs secure bank financing more easily, faster, and hopefully more cheaply.

    Meanwhile, we are working closely with the Mainland to facilitate cross-boundary data sharing, first by expediting the pilot for cross-boundary credit referencing with Mainland credit reference platforms.  This will allow SMEs with cross-boundary operations to use this full set of credit data to enhance their access to bank financing.  Internationally, we are collaborating with the BIS Innovation Hub on Project Aperta, which aims to connect domestic open finance infrastructures across jurisdictions, to enable secure and consumer-consented sharing of financial data.   Seamless cross-border data portability will allow consumers to open overseas accounts much faster, and speed up international trade at reduced cost.

    Closing

    What the future may hold for us is uncertain, but we are committed to charting the next phase of financial innovation with continuing efforts in the two areas I just talked about: tokenisation and AI.

    Ultimately, we envision a borderless fintech ecosystem where innovation will drive business development.  To realise this vision, we must dream big and push the boundaries of what is possible.   Let’s all embrace the spirit of innovation and collaboration as we move forward together. 

    If we liken our Fintech journey to an orchestra playing a symphony, we are about to begin the next movement of our fintech symphony.  We don’t know whether it will be “allegro”, or “adagio”.  What we know is that the stage is already set, the instruments are tuned, and the world is waiting.  Hong Kong’s commitment to shaping a vibrant and dynamic financial future has never been stronger.

    Thank you and I hope you gain inspiration from the coming week.

    MIL OSI Economics –

  • MIL-OSI Economics: Klaas Knot: Partly cloudy skies in the euro area, with a silver lining

    Source: Bank for International Settlements

    Good morning everyone,

    It is my pleasure to present the euro area perspective in this panel session on the Global Economic Outlook. The latest PMI releases point to steady global growth.  Weakness in manufacturing is compensated by strong growth in the service sector.

    However, as you can see in the left hand chart, the economic situation in the euro area is less favorable than the global average. The current mood is a bit like October weather in Amsterdam. Not as bad as some people would have you believe, but definitely not great either.

    Economic growth in the euro area has been sluggish for two years now. As shown in the right hand chart, especially domestic demand has been weak. Initially, this could be explained by falling real wages. Over the past two years, however, wages have largely been catching up with prices. The short-term outlook is pointing to slow growth while economic sentiment remains subdued and the household savings rate is still higher than before the pandemic. Looking further ahead though, we do expect the economy to strengthen. Rising real incomes will allow households to consume more and the gradually fading effects of restrictive monetary policy will support consumption and investment.

    Zooming in on the various member states, confidence is not low everywhere. Economic sentiment is significantly above the long-term average in for instance Spain, Portugal and Greece. The mood is especially good in the service sector, benefiting from the reallocation of consumption from goods to services after the pandemic. This growth boost is particularly visible in tourism and hospitality. But also other sectors of the economy perform relatively well in these countries.

    MIL OSI Economics –

  • MIL-OSI Economics: Klaas Knot: Want a strong financial system? Implement Basel III

    Source: Bank for International Settlements

    Thank you Ralph, and thank you for the invitation to speak here before this distinguished audience.

    You are all leaders of big organisations. So you are familiar with the question of strategic change: how do you navigate your bank through the waves of financial market sentiment, changing consumer preferences and technological innovation? A sound strategy starts with a lot of thinking, for sure. Strategic thinking. Board room discussions. A couple of consultants perhaps.

    Finally there is a strategy. A Strategy with a capital S. You know where you want to go and how. But now you enter a crucial phase: implementation. How do you get all corners of your bank from A to B? Because all the strategic thinking in the world will come to nothing if your bank does not follow suit. Implementation is key.

    So how would you feel if, after 13 years, your plans are still stuck in the implementation phase? I ask because that’s the situation we are in with Basel III. When I became governor back in 2011, we were discussing the implementation of Basel III. And now, towards the end of my second term, we are still discussing the implementation of Basel III.

    By now, some of you might think: ‘ok, so this morning we got war for breakfast, and now for lunch we get a central banker who wants to talk about the rules. What’s next? We’ve heard this scratchy old broken record dozens of times before!’ But, as you know, these are often the best records.

    So let me take a step back here. Where are we coming from? In 2010, the Basel Committee on Banking Supervision introduced the first set of Basel III standards. A set of international rules designed to fortify the global banking system after the worst financial crisis since the Great Depression. These reforms were not just a patch-up job. They were a complete overhaul of banking regulation to improve bank resilience, transparency, and risk management. Basel III focused on increasing capital adequacy, introducing the leverage ratio, and creating more stringent liquidity requirements. With the memory of the crisis still fresh, national implementation of this first part of Basel III went relatively quickly.

    This first set of standards was then complemented in 2017 by the final Basel III standards. They focused on enhancing the risk-weighting framework, introducing more robust capital floors, and limiting the variation in banks’ internal risk models. These standards, by now famously known as the Basel endgame, have not yet been implemented by jurisdictions around the world. The EU, in its implementation, deviated on important points, making banking regulation weaker than agreed in the new standards. In the US and the UK, initial legislation proposals have also been weakened, with some elements not fully aligned with the Basel III agreement. Legislators also point at each other when making these adjustments. US banks spent tens of millions of dollars on a lobbying campaign that included ads in the middle of American football games. I don’t think it’s ethical to interrupt football games for any kind of message, let alone on Basel III.

    But on a serious note: our failure to implement fully what had already been agreed upon back in 2017 should be worrying. Not only to me, as a regulator, but also to you, as bankers. To explain why, let me give you my version of a pro-Basel lobbying commercial.

    Implementation of Basel III will increase the credibility of capital ratios and strengthen the banking sector. Think of it as a safety net, your safety net. It will ensure that when the next economic shock comes-and it will come-you will be better prepared to withstand it. The capital buffers required by Basel III are not a burden; they are a shield, allowing you to absorb losses while maintaining operations, protecting your customers and preserving your reputation in times of stress.

    Many in the banking sector view regulation as a constraint, something that limits profitability and imposes undue costs. But it’s just the other way around. Basel III is not an obstacle to growth, it is an enabler of sustainable, long-term growth. Banks with strong capital positions and sound liquidity management are better positioned to extend and rollover credit, invest in new technologies and fund large-scale projects. They are better able to maintain lending during an economic downturn. And stronger banks can secure more favourable funding conditions, attract long-term customers and build partnerships that increase shareholder value.

    Basel III works best when it works everywhere. When Basel III is implemented unevenly across jurisdictions, it creates a patchwork of regulations that opens the door to regulatory arbitrage. Banks may be tempted to shift operations to regions with looser standards. Consistency across borders is not just in regulators’ interests-it’s in yours as well. An uneven playing field undermines confidence in the global banking system, disrupts competition, and ultimately increases systemic risk. It puts banks at risk of operating in jurisdictions where regulatory frameworks are not equipped to deal with crises, leaving you exposed when things go wrong.

    By contrast, global implementation of Basel III creates a level playing field, ensuring that all banks-no matter where they operate-adhere to the same high standards. This uniformity strengthens global financial stability and, in turn, enhances the confidence of your shareholders, customers, and counterparties.

    The opposition to Basel III reflects a kind of short-term thinking, that, frankly, I find hard to understand. Weakening of Basel III may give you a few basis points in capital relief, but it exposes you to long-term vulnerabilities. As the memory of the global financial crisis fades, we risk entering a race to the bottom. A race that would be very dangerous for financial stability. Or, as Daniel Davis said in his much-quoted Financial Times article, ‘while the road to hell is paved with good intentions, the road to the next banking crisis is paved with good exemptions.’

    So in short, it is essential to implement the Basel III standards in all jurisdictions. Not least because, as you know, financial markets are not waiting for us to learn the lessons of 13 years ago. New risks are always emerging, as the events in March last year showed. The demise of Silicon Valley Bank and Credit Suisse not only brought lessons for banks and supervisors. They also highlighted that we may need some targeted changes in banking regulation beyond Basel III. I want to mention three areas here: liquidity, interest risk and AT1 instruments.

    First on liquidity. Partly as a result of social media and digitalisation, the outflow of deposits at SVB was much faster than in previous cases, and much faster than LCR calculations take into account. This raises the question of whether the LCR should be calibrated differently for certain types of deposits. The aim would be to increase banks’ resilience and provide incentives to attract longer and more diversified funding.

    Another avenue which should be explored in the light of the SVB case is whether unrealised losses should be better reflected in the capitalisation of banks. Here I’m referring to the difference between market and book value for bonds which are held to maturity. And we should look at how to address the issue that, in times of stress, banks may be hesitant to use instruments in the liquidity buffer that are not marked to market daily for accounting purposes.

    The turmoil last year also showed how important it is that banks are operationally prepared for liquidity stress. Banks need credible and tested contingency funding plans and they must be operationally ready to access central bank liquidity facilities in times of stress. While this may be more of an issue in the US, we should also look at how this can be improved in the EU. 

    Then interest rate risk. When banks fail to cover this risk sufficiently, changes in market interest rates can lead to substantial losses and, in extreme cases, even to bank failure. The recent developments at regional banks in the US offer a vivid illustration of this.

    The events last year underline the importance of regulation for interest rate risk management and the need for prudent assumptions about customer behaviour. Capital is also necessary to absorb the uncertainty of customer behaviour. In order to promote global harmonisation, we should explore the inclusion of interest rate risk in the Pillar 1 requirements. 

    And last but not least, we need to think about AT1. Rather than acting to stabilise a bank as a going concern in stress, international experience has shown that AT1 absorbs losses only at a very late stage of a bank failure. We saw this in the case of Credit Suisse in 2023, with the Swiss National Bank noting that ‘the AT1 features designed for early loss absorption in a going concern were not effective’. In this instance, AT1 only absorbed losses when the point of non-viability was imminent and failed to stabilise the entity at an earlier stage of stress. This should encourage regulators to reflect on the role and functioning of AT1 instruments in determining the capital position of banks.

    These are all important things that we have to look into. But first and foremost we have to implement Basel III. And while I know this is primarily a message to regulators and lawmakers, it is also a message to you. Because what a strong signal it would be if you as a group would say: don’t water down Basel III. Don’t give us weak rules, give us strong rules. Strong rules that apply to all banks wherever they are and whatever their size. It would not only be a strong signal to us, regulators and lawmakers, it would also be the rational thing to do. Because strong rules are in your interest. Because a strong financial system based on a level playing field is in your interest. Because regulation is not a constraint on the financial industry, it is a license to operate.

    MIL OSI Economics –

  • MIL-OSI Economics: Fabio Panetta: Statement – meeting of the Development Committee

    Source: Bank for International Settlements

    This year marks the 80th anniversary of the Bretton Woods institutions. In this turbulent time, their mission is more important than ever. Together they must foster growth, create jobs, increase stability, build resilience, fight poverty, and reduce inequalities, all while facing massive global challenges – climate change, fragility, mass migration, pandemics, and the risks stemming from new technologies and demographic trends.

    We believe that the World Bank Group (WBG), the International Monetary Fund (IMF), and the wider system of multilateral development banks (MDBs) should pursue this complex mission cooperatively, leveraging their respective comparative advantages. In this regard, we greatly appreciate the Development Committee Paper, “A Future-Ready World Bank Group,” for its comprehensive report on what has been accomplished under the WBG Evolution, launched in October 2022.

    We commend the WBG for progress made in improving its operational and financial model to better serve all its clients, with particular attention to the poorest and the most vulnerable. It demonstrates an impressive amount of work that is reshaping and revamping the organization with an eye to strengthening partnership and collaboration within the WBG and with other MDBs.

    Our constituency continues to advocate for improved monitoring and reporting of the impact of WBG operations, by incorporating better data, impact evaluation, and lessons learned from past experiences. We will continue to ensure that impact and accountability anchor any reforms to operational efficiency and effectiveness. Improved measurement standards in the 22 indicators of the new WBG Scorecard are particularly welcome, and we look forward to further improvements.

    One of the most important tools the WBG can provide is knowledge. It benefits all countries and is necessary to raise the impact of financial flows on development. To this end, we strongly support the newly envisioned Knowledge Compact and the new Knowledge Hubs, designed to favor the flow of expertise and lessons learned around the globe.

    We commend management for further achievement in implementing the G20 Capital Adequacy Framework (CAF) Review, launched under the Italian G20 Presidency, which has increased the IBRD’s financing capacity by up to $150 billion over the next decade. We congratulate the Bank for the newly adopted IBRD Framework of Restoration Measures, while calling for rapid approval of remaining reforms to ensure its full functionality and alignment with major regional MDBs.

    We also applaud the work that the MDBs are jointly making to better recognize the value of existing callable capital. While continuing the dialogue with credit rating agencies, we urge management to integrate a part of callable capital into the WB’s capital adequacy metrics. We also appreciate the newly established enhanced callable capital, and we call for the most inclusive approach in recognizing the financial leverage of shareholders’ voluntary contributions in a way that is consistent with the credit rating agencies’ practice.

    We should be very cautious in designing any reform of IBRD pricing which may have negative impacts on IBRD and IDA financial capacity, which we have been striving to expand. Moreover, we should be aware of any conflicting effects on the newly established Framework for Financial Incentives. We also call for greater analysis of spillovers of price changes for the broader MDBs system, as well as on their implications for the Bank budget anchor and the incentives for country graduation and private sector financing.

    We urge MDBs to develop effective partnerships with climate and environmental vertical funds so as to maximize scarce concessional resources. MDBs can greatly help improve access to these funds at scale and speed. Thanks to their financial leverage, MDBs can also augment the resources available in vertical funds, by associating programmatic approaches with their parallel subscription of WBG hybrid capital and portfolio guarantees, to strengthen predictability of resources for beneficiary countries. We look forward to continuing work with the WBG to implement the conclusions of the forthcoming G20 Independent High-Level Expert Group Review on the Vertical Climate and Environmental Funds.

    We appreciate the WBG’s new approach to private capital mobilization. Enhanced country diagnostics, stronger country dialogue, and closer collaboration among the WBG institutions are needed to increase the supply of effective projects. The WBG guarantees platform, the publication of GEMs data, the introduction of new products to mitigate foreign exchange risks, and the promotion of policy reforms specifically designed to improve the business environment will all help lower the actual and perceived risks of private investment in developing countries. Project standardization and securitization will contribute to attracting investors and accelerating the WBG’s portfolio turnover, thus making capital more efficient.

    The poorest countries are facing the greatest hardships, and 700 million people worldwide are still trapped in extreme poverty. It is our duty to help them overcome challenges and build a more equitable future. As the largest international development fund in the world, IDA has a major responsibility to help low-income countries return to the path of recovery and sustainable growth, as well as transition out of conflicts, poverty, and deprivation.

    This year, IDA21 negotiations are creating a new architecture in order to better integrate IDA into a One WBG and strengthen its alignment with the Evolution agenda. IDA must continue to be centered on concessional financing, meaningful policy commitments, and result-oriented targets.

    At this crucial juncture, we are committed to ensuring that IDA remains the largest and most impactful partnership between borrowers – at different income levels – and donors. Highly concessional resources are a vital source of financing for low-income IDA countries, especially those lacking significant access to capital markets. At a time of heightened debt vulnerabilities, higher interest rates, and lower FDIs, this is even more important. We should collectively deploy all efforts to mobilize adequate concessional finance for IDA21.

    In this collective effort, the rule-based formula to increase IBRD transfers under better financial conditions and higher incomes – agreed upon in 2018 – is playing a crucial countercyclical role, and it should make shareholders proud of the IBRD’s increased role among the key contributors to IDA. The 2018 agreement remains a sign of solidarity and mutual responsibility for a poverty-free world.

    We also commend the further efforts of IDA itself to stretch its own balance sheet with new CAF measures. These measures allow for more efficient deployment of resources belonging to IDA beneficiaries. We support their full engagements in this decision to best calibrate the appropriate balance between the degree concessionality and volumes, should a trade-off emerge.

    Our ultimate goal is to spur long-term development through an effective IDA21. The IDA model is well tested in delivering complex and transformative projects in key sectors, based on country ownership. Mission 300, in partnership with the African Development Bank, is an excellent model for using IDA resources through regional multiphase approaches, building partnerships and – together with IFC and MIGA – mobilizing private capital. IDA is also uniquely positioned to deliver infrastructures for regional integration, along with projects and policy reforms to strengthen industrial development and the local private sector. This is especially important in fighting food insecurity, increasing access to healthcare and job opportunities, building sustainable local value chains for critical minerals, and preparing for pandemics.

    Rising active conflicts and regional instability call on the WBG to renew its approach in addressing the root causes of fragility and maintaining effective engagement in conflict situations. This requires reducing geographical inequalities, promoting broad-based growth, supporting public service delivery in situations of active conflict, and strengthening institutions – including effective and decentralized justice systems and community dispute-resolution mechanisms to mitigate and prevent social conflicts.

    As part of this effort, the Italian G7 Presidency is working with its partners to ensure a successful replenishment of IDA21, building a solid package that addresses all of these critical issues. IDA must remain relevant to the needs of its clients, particularly Africa and fragile countries. A collective endeavour will be paramount in striking the right balance among donor contributions, internal efficiency, and borrower effort, while broadening the donor base.

    Africa is a top priority for this constituency, an agenda further advanced during the G7 Italian Presidency. The Mattei Plan, launched by the Italian Government at the Italy-Africa Summit last January, aims to build a renewed relationship with African countries based on equal cooperation, shared interests, and mutual benefits to foster economic growth and social development at the local level.

    MIL OSI Economics –

  • MIL-OSI USA: Sorensen Announces More Than $350,000 to Prevent Domestic Violence and Sexual Assault Against Children

    Source: United States House of Representatives – Congressman Eric Sorensen (IL-17)

    PEORIA, IL – Congressman Eric Sorensen (IL-17) announced a $359,034 grant to the Young Women’s Christian Association of McLean County (YWCA) to support families impacted by domestic violence, dating violence, sexual assault, stalking, and sex trafficking.   

    “Every child deserves to grow up in a safe and nurturing environment, free from any form of violence,” saidSorensen. “But when a child does go through such a deeply traumatic experience, we need to step up as a community and make sure that child has our support. This important funding coming to the YWCA of McLean County will ensure that local organizations, that already do so much to help our neighbors, have the resources they need to prevent and respond to crimes against our kids. I look forward to working with local leaders to deliver federal investments in the future that will keep our communities safe.”  

    “Being awarded this grant truly shows our dedication to building a safer community,” said Jennifer Golliday, Director of YWCA Stepping Stones. “With this additional support, we will be able to expand our reach and provide sexual violence prevention lessons to youth throughout McLean County. Our goal is to empower them with the knowledge and resources needed to recognize, prevent, and respond to instances of sexual violence, strengthening the community as a whole.” 

    The $359,034 in grant funding comes from the U.S. Department of Justice’s Office of Violence Against Women’s Grants to Prevent and Respond to Domestic Violence, Dating Violence, Sexual Assault, Stalking, and Sex Trafficking Against Children and Youth Program. With this funding, YWCA will expand current prevention education services and direct services for children and youth ages 11 to 24 who have been impacted by domestic violence, dating violence, sexual assault, stalking, and/or sex trafficking.  

    In collaboration with Project Oz, a non-profit in Bloomington, the YWCA will:  

    1. Hire two prevention coordinators to provide sexual violence prevention education lessons and trainings to schools, community organizations, and businesses. 
    1. Partner with Project Oz to offer services to their children and youth clients who are high at-risk youth. 
    1. Provide stipends for after-hour, on call personnel at the hotline and hospital. 

    Congressman Eric Sorensen serves on the House Committee on Agriculture and the House Committee on Science, Space, and Technology. Prior to serving in Congress, Sorensen was a local meteorologist in Rockford and the Quad Cities for nearly 20 years. His district includes Illinois’ Quad Cities, Rockford, Peoria, and Bloomington-Normal.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Sorensen Announces More Than $630,000 to Prevent Veteran Suicide

    Source: United States House of Representatives – Congressman Eric Sorensen (IL-17)

    ROCKFORD, IL – Congressman Eric Sorensen (IL-17) announced a $634,022 grant to Veterans Path to Hope, an organization that supports veterans across Northern Illinois, including in Stephenson and Winnebago Counties, to support suicide prevention programs for veterans and their families.   

    “Our nation’s veterans, who have sacrificed so much to keep our country safe, need our help,” saidSorensen. “Over 8,000 veterans each year die by suicide. That is simply unacceptable. This funding coming to Veterans Path to Hope, a local organization that already does so much to help our veteran community, will make sure that veterans across Northern Illinois have access to the resources and mental health support they need to survive. One of my most important responsibilities is to take care of those who have served our country in uniform. I will continue to fight for federal investments that make sure our veterans and their families can thrive.” 

    “Veterans may hit unexpected speed bumps at any point after leaving military service, and having support from a team of veterans who have made it through their own challenges can be life-changing,” said Laura Franz, Executive Director of Veterans Path to Hope. “The SSG Fox SPGP team serves alongside VPH programs and community partners who make it their daily mission to help veterans re-establish a sense of hope and purpose. VPH offers a wide variety of services at no charge to veterans and their families, and this grant helps to expand its reach and impact on behalf of the veteran community.” 

    The $634,033 in grant funding comes from the U.S. Department of Veterans Affairs’ (VA) Staff Sergeant Parker Gordon Fox Suicide Prevention Grant Program, which provides resources toward community-based suicide prevention efforts to meet the needs of veterans and their families through outreach, suicide prevention services, and connection to VA and community resources. 

    In Congress, Sorensen has been a strong advocate for veterans across Northern, Central, and Western Illinois by: 

    • Introducing the Autonomy for All Disabled Veterans Act, which will help disabled veterans make accessibility improvements to their homes. 
    • Returning more than $3.2 million to his neighbors through federal casework services, which includes helping veterans access their benefits. 
    • Working with veterans and their families to secure medals for service that they never received from the military. 
    • Hosting mobile office hours and veterans’ roundtables throughout the district to hear from and assist veterans in need of help with federal agencies. 
    • Inviting a local veteran as his guest for the President’s State of the Union Address to Congress in March of 2024. 

    Congressman Eric Sorensen serves on the House Committee on Agriculture and the House Committee on Science, Space, and Technology. Prior to serving in Congress, Sorensen was a local meteorologist in Rockford and the Quad Cities for nearly 20 years. His district includes Illinois’ Quad Cities, Rockford, Peoria, and Bloomington-Normal.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Sorensen Announces $400,000 to Prevent Domestic Violence and Sexual Assault

    Source: United States House of Representatives – Congressman Eric Sorensen (IL-17)

    ROCK ISLAND, IL – Congressman Eric Sorensen (IL-17) announced a $400,000 grant to Augustana College to support efforts to combat domestic violence, dating violence, sexual assault, and stalking on campus.   

    “No student should ever feel unsafe on campus,” saidSorensen. “It is our responsibility to provide our colleges and universities with the tools they need to create a safe environment where our future leaders can learn. This important funding will allow Augustana College to access even more resources to develop peer education and bystander intervention trainings to keep every student safe from domestic violence and sexual assault. I look forward to working with our schools to deliver federal investments in the future that will ensure our campus communities can thrive.”  

    “We’re truly grateful to receive this continuation grant from the Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus Program,” said Farrah Roberts, Assistant Dean and Director of Student Well-Being at Augustana College. “This support helps us build on what we’ve already achieved, allowing us to enhance our trauma-informed education and support services. We’re dedicated to fostering a safer, more inclusive campus environment, and with this funding, we can continue to work together as a community to tackle these important issues and support our students. Our Peer Educators program, which is funded by the grant, has been incredibly successful by empowering a diverse group of students to lead Bystander Intervention education, each year, they reach hundreds of their peers, fostering a culture of awareness and support on our campus. Peers are given the opportunity, in a safe space, to brainstorm ways that they would intervene in various situations to create safety for one another.” 

    The $400,000 in grant funding comes from the U.S. Department of Justice’s Office of Violence Against Women’s Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus Program.  

    The Campus Program helps develop campus-based coordinated responses among campus survivor services, campus law enforcement, health care providers, housing officials, administrators, student leaders, faith-based organizations, student organizations, and disciplinary boards to enhance survivor safety, assistance, and hold offenders accountable. 

    Congressman Eric Sorensen serves on the House Committee on Agriculture and the House Committee on Science, Space, and Technology. Prior to serving in Congress, Sorensen was a local meteorologist in Rockford and the Quad Cities for nearly 20 years. His district includes Illinois’ Quad Cities, Rockford, Peoria, and Bloomington-Normal.

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: Denis Manturov visited the Republic of Belarus on a working visit

    Translation. Region: Russian Federation –

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

    The First Deputy Chairman of the Russian Government paid a working visit to the Republic of Belarus. Denis Manturov was received by the President of the country Alexander Lukashenko, held talks with the Prime Minister of Belarus Roman Golovchenko, and also visited a number of industrial enterprises.

    During his working visit to the Republic of Belarus, Denis Manturov was received by the country’s President Alexander Lukashenko

    October 28, 2024

    During his working visit to the Republic of Belarus, Denis Manturov was received by the country’s President Alexander Lukashenko

    October 28, 2024

    Denis Manturov visited the Republic of Belarus on a working visit

    October 28, 2024

    Previous news Next news

    During his working visit to the Republic of Belarus, Denis Manturov was received by the country’s President Alexander Lukashenko

    Alexander Lukashenko and Denis Manturov discussed issues of trade and industrial cooperation between Russia and Belarus. Trade turnover between the countries increased by more than 5% last year and reached almost 47 billion dollars. Positive dynamics also persisted in the first eight months of this year – mutual trade increased by 6% to 32.5 billion dollars.

    Russian enterprises continue to build up cooperation ties with Belarus. All regions of Russia are actively involved in the development of cooperation. Thus, only since the beginning of 2024, 42 regional delegations have visited the republic. In June of this year, the XI Forum of Regions of Russia and Belarus was successfully held in Vitebsk, in which 56 Russian regions took part.

    Denis Manturov emphasized that Russia is actively cooperating with Belarusian civil aircraft manufacturing enterprises to produce components. “This concerns both the Il-76 and Tu-214 aircraft. I expect that this trend will continue, and we will expand the aircraft line, the range, and the number of components,” said the First Deputy Prime Minister.

    At the meeting with Roman Golovchenko, issues of implementing a unified industrial policy of the Union State within the framework of the decree signed by Russian President Vladimir Putin and Belarusian President Alexander Lukashenko in January 2024 were also touched upon, including the issue of mutual access of industrial products of Russia and Belarus to state support instruments. The parties are working progressively in this direction.

    As part of his working trip, Denis Manturov visited the BelAZ OJSC enterprise, which is the world’s largest manufacturer of large and extra-large capacity quarry dump trucks, as well as other heavy transport equipment for the mining industry and construction. The plant, with about 9,000 employees, produces over 100 modifications of dump trucks with a carrying capacity of 30 to 450 tons. In 2023, products worth a total of about $880 million were delivered to Russia, including 904 units of equipment. The First Deputy Prime Minister inspected the main conveyor shop, visited the Museum of Labor Glory, and also got acquainted with innovative and serially produced models of equipment at the enterprise. One of them is the BelAZ-75304 dump truck with a carrying capacity of 220 tons, which consists of more than 90% Belarusian and Russian components.

    In addition, the First Deputy Prime Minister of Russia visited the joint Belarusian-Chinese enterprise SZAO Belgee, which produces passenger cars under the Belgee brand.

    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 Russia: Financial news: 10/28/2024, 1:40 PM (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0JVUP7 (VimpelKBO3) security were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/28/2024

    13:40

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10/28/2024, 1:40 PM (Moscow time), the values of the upper limit of the price corridor (up to 97.46) and the range of market risk assessment (up to 1026.54 rubles, equivalent to a rate of 12.5%) of the RU000A0JVUP7 (VimpelKBO3) security were changed.

    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 accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n74333

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/28/2024, 14:59 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0JWHU2 security (RZhD BO-17) were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/28/2024

    14:59

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10/28/2024, 14:59 (Moscow time), the values of the upper limit of the price corridor (up to 77.45) and the range of market risk assessment (up to 889.42 rubles, equivalent to a rate of 22.5%) of the RU000A0JWHU2 security (RZhD BO-17) were changed.

    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 accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n74337

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/28/2024, 15-10 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0JWHU2 security (RZhD BO-17) were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/28/2024

    15:10

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10/28/2024, 15-10 (Moscow time), the values of the upper limit of the price corridor (up to 80.52) and the range of market risk assessment (up to 922.09 rubles, equivalent to a rate of 27.0%) of the RU000A0JWHU2 security (RZhD BO-17) were changed.

    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 accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n74341

    MIL OSI Russia News –

  • MIL-OSI Russia: We invite young specialists to the International Scientific and Practical Conference “Science and Technology”

    Translation. Region: Russian Federation –

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

    On November 26-27, 2024, the State University of Management will host the International Scientific and Practical Conference “Science and Technology”.

    Leading Russian scientists and practitioners, scientific and teaching staff, young researchers studying in bachelor’s, master’s and postgraduate programs for training scientific and scientific-pedagogical personnel in higher education institutions under the scientific supervision of scientific-pedagogical staff are allowed to participate in the conference.

    The conference will include the following sections:

    Social technologies of society management; Innovative technologies of management in the digital environment of the information society; Transformation of industry management in the context of development of technological sovereignty; Marketing technologies of management; Technologies of development of social and business communications; Theory and practice of economic, technological and financial security of the country.

    Application deadline: November 21, 2024, 18:00

    Registration form: https://forms.yandex.ru/u/6703e5b190fa7b943127d827/

    Contacts for reference information: Alexandra Shkurenkova: ad_volkova@guu.ru.

    Details in the information letter.

    Information letter of the International Conference Science and Technology

    Subscribe to the tg channel “Our State University” Announcement date: 10/28/2024

    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 Canada: Inquest scheduled into the death of Jason Elwyn Koehler

    Source: Government of Canada regional news

    Media Contacts

    Amber Schinkel

    Manager
    Strategic Communications and Media Relations
    BC Coroners Service
    amber.schinkel@gov.bc.ca
    236 969-1759

    https://news.gov.bc.ca/31757

    MIL OSI Canada News –

  • MIL-OSI Security: Wapato Man Who Attempted to Avoid Arrest and Pointed Loaded Gun at Federal Officers Sentenced to Federal Prison

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Yakima, Washington – On October 24, 2024, United States District Judge James L. Robart sentenced Leo John Yallup, age 38, of Wapato, Washington, to 10 years in federal prison for assaulting a federal officer with a deadly weapon. Judge Robart also imposed 3 years of supervised release.

    According to court documents and information presented at the sentencing hearing, on March 2, 2023, four officers with a U.S. Marshals Service task force traveled to a house at 1161 Donald Wapato Road, in Wapato, Washington, to arrest Yallup on an outstanding warrant.

    When Yallup saw the officers pull into his driveway, he took off running behind the house, pursued by the officers. At the back of the property, Yallup drew a firearm and pointed it at the officers. One of the officers fired his service weapon, hitting Yallup in the head, causing him to fall to the ground.

    Officers handcuffed Yallup and began to render medical aid. During this process, officers turned Yallup on his back. As officers turned him over, they saw Yallup had been lying on the weapon he pointed at officers. The gun was loaded and had a live round in the chamber. Officers also discovered Yallup was armed with a second weapon in a shoulder holster.

    “Mr. Yallup attempted to escape arrest, and in the process, pointed a loaded gun at federal officers, putting their lives, and the lives of others, at great risk,” stated Vanessa R. Waldref, United States Attorney for the Eastern District of Washington. “I am grateful for the brave men and women of law enforcement who put their lives on the line everyday to keep our communities safe and strong. My office will continue to hold offenders accountable to who threaten the safety of those who protect and serve the people of Eastern Washington.”

    “A law enforcement officer does not want to shoot someone.” said Kelly M. Smith, Assistant Special Agent in Charge of the FBI’s Seattle field office. “However, Mr. Yallup left no other option when he drew his weapon and pointed it at officers. Fortunately, he lived and no officers were hurt. This case is a reminder of the personal sacrifice our law enforcement officers make on a daily basis.”

    Craig Thayer, United States Marshal for the Eastern District of Washington commented, “Deputy U. S. Marshals in the Eastern District of Washington, and throughout the nation, serve thousands of federal, state, and local arrest warrants for the most violent offenders in the criminal justice system. They face extraordinary dangers in order to protect our communities while professionally, safely, and efficiently bringing these wanted persons before a court of law.  When a wanted person, like Leo John Yallup, draws a firearm, and points it at law enforcement officers, those officers will apply necessary force to stop the threat.  It should be noted that these Deputies immediately rendered aid to Yallup once his deadly threat was stopped.  With his sentence today, he now faces the consequences of his violent behaviors. The fugitive apprehension mission is one of the primary responsibilities of the United States Marshals Service.”

    This case was investigated by the Federal Bureau of Investigation. It was prosecuted by Assistant United States Attorneys Courtney R. Pratten and Todd M. Swensen. 

    MIL Security OSI –

  • MIL-OSI: Old National, Axletree Solutions Collaborate for New Level of Secure Transaction Messaging Leveraging Swift

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) — Old National Bancorp (“Old National”) and Axletree Solutions today announced an innovative collaboration whereby Axletree will host Old National Bank’s Swift architecture, providing a new level of highly-secure transaction messaging. This will ensure end-to-end control and complete transparency of banking transactions via Swift (Society for Worldwide Interbank Financial Telecommunication).

    Axletree Solutions, a “Software as a Service” provider specializing in connectivity and integration, is Old National’s Swift Service Bureau, providing the bank with access to Swift without the internal burden and costs of managing the requisite Swift technology and infrastructure. Axletree also provides value-added services to Old National that include creating, enriching and transporting various Swift message types from legacy back-office systems with routing rules to achieve internal efficiencies and enhance revenue. Through Axletree, Old National also has access to track international payments in real time leveraging Swift APIs, for the benefit of its customers through an end-to-end secure environment.

    “Our partnership with Axletree allows Old National to meet the technology needs of many of our financial institution and corporate customers,” said Joe Wicklander, President of Treasury Management, Merchant Services and Financial Institutions for Old National Bank. “Our clients continue to invest in automation to leverage their ERP systems, treasury workstations, and accounting platforms, and we thank Axletree for their commitment to providing innovative solutions that allow our clients to be even more successful.”

    Swift provides a single secure channel rather than requiring multiple proprietary connections. Swift is a member-owned cooperative providing safe and secure financial transactions for funds and funds administrators, brokers and dealers, clearing firms and financial market infrastructures, payment processors, and asset and wealth managers.

    Swift messaging supported by Old National will include Single Customer Credit Transfer, General Financial Institution Transfer, Bank to Bank Free Format Message, Confirmation of Debit, Confirmation of Credit, Customer Summary Statement Message, and Customer Detailed Statement Message. Swift connects multiple domestic and global institutions through a single, secure channel. Messaging capabilities include:

    • Wire transfer payments and confirmations
    • ACH payments and confirmations
    • Prior-day and current-day information reporting in BAI2 format
    • Integrated payable files in ISO 20022, CSV and EDI formats

    “We are thrilled to partner with Old National Bank to improve its secure financial messaging experience via Swift,” said Jeff Ferguson, Director of Business Development for Axletree Solutions. “Through the use of our solution Symmetree by Axletree®, Axletree was able to help Old National Bank’s legacy systems create, translate and transport Swift-ready messages to facilitate its secure financial messaging needs. Axletree’s connection with Swift will also allow Old National customers to trace their cross-border Swift transactions in real-time. We thank Old National Bank for allowing us to show how Axletree provides its customers with ‘peace of mind.’”

    ABOUT OLD NATIONAL
    Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $53 billion of assets and $30 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2024, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

    ABOUT AXLETREE
    Axletree Solutions, a premier financial technology provider since 2002, empowers businesses with seamless bank connectivity and enterprise integration. As North America’s first SWIFT Service Bureau for Banks and Corporates, Axletree has evolved into a global leader in financial transaction and payments solutions. Processing over $100 billion USD daily, Axletree transmits transactions from any system, across any network, anywhere in the world. The company’s innovative technology and client-centric approach have established it as a trusted partner for secure, mission-critical services, reinforcing Axletree’s role as the central communication pathway for its clients’ financial operations. With a comprehensive solution suite covering the entire payment lifecycle, Axletree enables organizations to realize efficiencies and reduce costs by replacing complex manual processes with automation. As the company expands its global presence through the Americas, Europe, Middle East, and Asia-Pacific, Axletree continues to drive efficiency and integration for the world’s largest organizations, guaranteeing seamless connectivity and peace of mind.

    ABOUT SWIFT
    Swift is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. They provide communities with a platform for messaging and standards for communicating and offer products and services to facilitate access and integration, identification, analysis and regulatory compliance. Their messaging platform, products and services connect more than 11,500 banking and securities organizations, market infrastructures and corporate customers in more than 200 countries and territories. While Swift does not hold funds or manage accounts on behalf of customers, they enable a global community of users to communicate securely, exchanging standardized financial messages in a reliable way, thereby supporting global and local financial flows, as well as trade and commerce all around the world. Headquartered in Belgium, Swift’s international governance and oversight reinforces the globally inclusive character of its cooperative structure. Swift’s global office network ensures an active presence in all the major financial centers.

    Investor Relations:
    Lynell Durchholz
    (812) 464-1366
    lynell.durchholz@oldnational.com

    Media Relations:
    Rick Vach
    (904) 535-9489
    rick.vach@oldnational.com

    The MIL Network –

  • MIL-OSI: GTreasury Wins Euromoney’s ‘Best FX Tech Provider for Corporates’ Award

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 28, 2024 (GLOBE NEWSWIRE) — GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced that the company has been named the Best FX Tech Provider for Corporates in Euromoney’s 2024 Foreign Exchange Awards. The recognition underscores GTreasury’s commitment to innovation and excellence in providing cutting-edge foreign exchange solutions that address the complex and evolving needs of modern businesses.

    “We’re proud that our best-in-class FX solution—built for the office of the CFO and corporate treasury teams—has earned this highly respected recognition from Euromoney,” says Ben Hipwell, group product manager, GTreasury. “Over the past year, we’ve seen a marked increase in customer demand for cutting-edge FX capabilities, and we’ve been able to meet those requirements head on and deliver customers significant financial benefits.”

    GTreasury’s world-class treasury and risk management platform provides treasury and finance teams with a powerful and data orchestrated ecosystem that includes solutions built to minimize foreign currency exposure risk. The platform’s modular solution architecture allows companies to configure their FX risk management approach to their specific requirements, whether they’re multinational corporations dealing with multiple currencies or growing businesses expanding into international markets.

    Key features of GTreasury’s award-winning FX risk management solution includes:

    • Comprehensive exposure management: GTreasury’s FX solution module enables customers to manage the full lifecycle of foreign currency exposures and derivatives from a single source of truth. This centralized approach simplifies data collection, improves visibility, and enhances decision-making processes.
    • Advanced forecasting and analytics: Leveraging machine learning algorithms, the platform provides sophisticated forecasting capabilities, helping treasury teams anticipate and prepare for potential currency fluctuations.
    • Automated hedge accounting: The solution generates ASC 815/IFRS 9-compliant documentation, runs effectiveness assessments, and prepares journal entries in both summary and detail formats. This automation significantly reduces the time and effort required for regulatory compliance.
    • Real-time market data integration: GTreasury’s platform integrates with leading market data providers, ensuring that treasury teams have access to up-to-the-minute currency rates and market insights.
    • Customizable reporting and dashboards: Users can create tailored reports and interactive dashboards, facilitating clear communication of FX positions and performance to stakeholders across the organization.

    “In a volatile global economy, effective FX risk management is more crucial than ever for corporate financial health,” said Hipwell. “Our solution not only helps companies mitigate currency risks, but also uncovers opportunities for strategic advantage. We’re committed to ensuring that our customers always have access to the most advanced tools in the market.”

    About GTreasury

    GTreasury is the pioneer and global leader in Advanced Treasury Solutions for the Office of the CFO. For nearly 40 years, GTreasury has delivered industry-leading solutions spanning cash, payments, debt, derivatives, investments, and exposures across a scalable suite of fit-for-purpose solutions. Trusted by over 800 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.

    GTreasury is headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney, Singapore, and Manila).

    The MIL Network –

  • MIL-OSI Europe: Europol: Over EUR 14 million in counterfeit currency seized in operation targeting postal shipments

    Source: European Anti-Fraud Offfice

    Law enforcement agencies from 18 countries have seized over EUR 14 million in counterfeit currency in Operation DECOY, a Europol-coordinated action led by Spain, Portugal, and Austria. This joint customs and police operation, developed under EMPACT, aimed to disrupt the distribution of fake banknotes and coins via postal services across Europe.

    Read the full press release on Europol’s website

    MIL OSI Europe News –

  • MIL-OSI Security: Defense News: Chief of Naval Operations Receives Leonardo Da Vinci Award from National Italian American Foundation

    Source: United States Navy

    Chief of Naval Operations Adm. Lisa Franchetti, a native of Rochester, N.Y., received the Leonardo Da Vinci Award in Military Service from the National Italian American Foundation (NIAF), at the NIAF 49th anniversary gala, Oct. 26.

    This award recognizes significant achievements and societal contributions by Italian Americans.

    Franchetti was one of six Italian Americans honored this year.

    Her full remarks are below:

    “Thank you to NIAF for this incredible recognition. It is truly an honor to be with you this evening to receive the Leonardo Da Vinci Award for Military Service.

    As you just saw in the video, my grandparents came to America in search of the American dream – life, liberty, and the pursuit of happiness and new opportunities for their families.

    They arrived with the firm belief and the strongest of convictions, that if you worked hard, learned all you could, and did things the right way that you and your family would find success in this new world.

    My grandfather, Rebello Franchetti, a seasoned stonecutter, lived those values, as did my grandmother, Chiarina Rhea, the matriarch of our family. Together, they laid a strong foundation for my father, Lawrence Franchetti to be the first person in our family to go to college, become an engineer and find his success as a plant manager.

    Through the example they set they passed on those same values – values you’ve heard a lot about tonight, to me. And I passed them on to my own college freshman, Isabel Maria Franchetti, who studied Italian and learned about our Italian heritage firsthand, when we lived in Italy as part of our Navy journey.

    There is no doubt that those values and the love and support of my family laid the foundation for my success as a naval officer and as the 33rd Chief of Naval Operations.

    But, there is also no doubt that this award and my every success I’ve had is owed to our amazing team of Navy Sailors and civilians. People who come from across the rich fabric of America. People with who I’ve had the opportunity to serve with over all these 39 years.

    So, as we sit here tonight enjoying this friendship and this wonderful dinner, many of our Sailors are deployed. They’re standing the watch very far from home and far from their family. In fact, on any given day, roughly 110 ships and 70,000 Sailors and Marines are deployed operating around the world and around the clock to preserve our Nation’s security and prosperity, to deter any would-be adversary, and stand ready to fight and win decisively, if called. I could not be more proud of our Navy team.

    And, they are doing it alongside Allies and partners, including the very capable Italian Navy, and just in case you didn’t see it in the news, our Abraham Lincoln Carrier Strike Group just wrapped up a series of operations with the Italian Carrier Strike Group, ITS Cavour in the Indo-Pacific, and I can say with confidence that the partnership between the U.S. Navy and the Italian Navy grows stronger every single day. So, thank you again to NIAF. Thank you to all of you.  I could not be more proud of my Italian-American heritage or more grateful for the values that helped pave my way. Thank you very much.

    Have a great night!”

    Photos from the ceremony can be found here: LINK.

    MIL Security OSI –

  • MIL-OSI Security: Defense News: CNO Remarks at National Italian American Foundation (NIAF) Gala

    Source: United States Navy

    Thank you to NIAF for this incredible recognition. It is truly an honor to be with you this evening to receive the Leonardo Da Vinci Award for Military Service.

    As you just saw in the video, my grandparents came to America in search of the American dream – life, liberty, and the pursuit of happiness and new opportunities for their families.

    They arrived with the firm belief and the strongest of convictions, that if you worked hard, learned all you could, and did things the right way that you and your family would find success in this new world.

    My grandfather, Rebello Franchetti, a seasoned stonecutter, lived those values, as did my grandmother, Chiarina Rhea, the matriarch of our family. Together, they laid a strong foundation for my father, Lawrence Franchetti to be the first person in our family to go to college, become an engineer and find his success as a plant manager.

    Through the example they set they passed on those same values – values you’ve heard a lot about tonight, to me. And I passed them on to my own college freshman, Isabel Maria Franchetti, who studied Italian and learned about our Italian heritage firsthand, when we lived in Italy as part of our Navy journey.

    There is no doubt that those values and the love and support of my family laid the foundation for my success as a naval officer and as the 33rd Chief of Naval Operations.

    But, there is also no doubt that this award and my every success I’ve had is owed to our amazing team of Navy Sailors and civilians. People who come from across the rich fabric of America. People with who I’ve had the opportunity to serve with over all these 39 years.

    So, as we sit here tonight enjoying this friendship and this wonderful dinner, many of our Sailors are deployed. They’re standing the watch very far from home and far from their family. In fact, on any given day, roughly 110 ships and 70,000 Sailors and Marines are deployed operating around the world and around the clock to preserve our Nation’s security and prosperity, to deter any would-be adversary, and stand ready to fight and win decisively, if called. I could not be more proud of our Navy team.

    And, they are doing it alongside Allies and partners, including the very capable Italian Navy, and just in case you didn’t see it in the news, our Abraham Lincoln Carrier Strike Group just wrapped up a series of operations with the Italian Carrier Strike Group, ITS Cavour in the Indo-Pacific, and I can say with confidence that the partnership between the U.S. Navy and the Italian Navy grows stronger every single day. So, thank you again to NIAF. Thank you to all of you.  I could not be more proud of my Italian-American heritage or more grateful for the values that helped pave my way. Thank you very much.

    Have a great night!

    MIL Security OSI –

  • MIL-OSI Banking: Apple Intelligence is available today on iPhone, iPad, and Mac

    Source: Apple

    Headline: Apple Intelligence is available today on iPhone, iPad, and Mac

    October 28, 2024

    PRESS RELEASE

    Apple Intelligence is available today on iPhone, iPad, and Mac

    Users can now tap into Apple Intelligence to refine their writing; summarize notifications, mail, and messages; experience a more natural and capable Siri; remove distracting objects from images with Clean Up; and more

    CUPERTINO, CALIFORNIA Apple today announced the first set of Apple Intelligence features for iPhone, iPad, and Mac users is now available through a free software update with the release of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1. Apple Intelligence is the personal intelligence system that harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks while taking an extraordinary step forward for privacy in AI. Today marks the availability of the first set of features, with many more rolling out in the coming months.

    “Apple Intelligence introduces a new era for iPhone, iPad, and Mac, delivering brand-new experiences and tools that will transform what our users can accomplish,” said Tim Cook, Apple’s CEO. “Apple Intelligence builds on years of innovation in AI and machine learning to put Apple’s generative models at the core of our devices, giving our users a personal intelligence system that is easy to use — all while protecting their privacy. Apple Intelligence is generative AI in a way that only Apple can deliver, and we’re incredibly excited about its ability to enrich our users’ lives.”

    “Apple Intelligence unlocks exciting new capabilities that make your iPhone, iPad, and Mac even more helpful and useful, from Writing Tools to help refine your writing, to summarized notifications that surface what’s most important, to the ability to search for almost anything in your photos and videos by simply describing it,” said Craig Federighi, Apple’s senior vice president of Software Engineering. “And it’s all built on a foundation of privacy with on-device processing and Private Cloud Compute, a groundbreaking new approach that extends the privacy and security of iPhone into the cloud to protect users’ information. We are thrilled to bring the first set of Apple Intelligence features to users today, and this is just the beginning.”

    Systemwide Writing Tools

    Deeply integrated across iOS, iPadOS, and macOS, Writing Tools allow users to refine their language by rewriting, proofreading, and summarizing text virtually everywhere they write, including Mail, Messages, Notes, Pages, and third-party apps.

    With Rewrite, Apple Intelligence allows users to choose from different versions of what they have written, and adjust the tone — professional, concise, or friendly — to suit the audience and task at hand. Proofread checks grammar, word choice, and sentence structure while also suggesting edits — along with explanations of the edits — that users can review or quickly accept. Users can also select text and have it summarized in the form of a digestible paragraph, bulleted key points, a table, or a list.

    More Natural and Conversational Siri

    Siri becomes more natural, flexible, and deeply integrated into the system experience. It has a brand-new design with an elegant glowing light that wraps around the edge of the screen when active on iPhone, iPad, or CarPlay. On Mac, users can place Siri anywhere on their desktop to access it easily as they work. Users can type to Siri at any time on iPhone, iPad, and Mac, and can switch fluidly between text and voice as they use Siri to accelerate everyday tasks. With richer language-understanding capabilities, Siri can follow along when users stumble over their words and maintain context from one request to the next. In addition, with extensive product knowledge, Siri can now answer thousands of questions about the features and settings of Apple products. Users can learn everything from how to take a screen recording to how to easily share a Wi-Fi password.

    More Intelligent Photos App

    The Photos app is even more intelligent with many new capabilities. Natural language search gives users the ability to search for just about anything by simply describing what they are looking for, like “Maya skateboarding in a tie-dye shirt.” This works across videos, too, so users can search for something that happened in a specific segment of the video and go right to it. Search also offers smart completion suggestions to help users quickly complete a search.

    For those times when an unwanted object or person ends up in the frame of a photo, the Clean Up tool gives users a way to remove distracting elements while staying true to the moment as they intended to capture it.

    The Memories feature now gives users the ability to create the movies they want to see by simply typing a description.1 Using language and image understanding, Apple Intelligence will pick out the best photos and videos based on a user’s description, craft a storyline with chapters based on themes identified from the photos, and arrange them into a movie with its own narrative arc.

    New Ways to Prioritize and Stay Focused

    Staying on top of emails has never been easier. Priority Messages, a new section at the top of the inbox in Mail, shows the most urgent emails, like a same-day invitation to lunch or a boarding pass. Across their inbox, users can see summaries without needing to open a message, and for long threads, they can tap or click Summarize to view pertinent details. Additionally, Smart Reply provides suggestions for a quick response and will identify questions in an email to ensure everything is answered.

    Apple Intelligence helps users prioritize and stay in the moment with notification summaries that allow users to scan long or stacked notifications with key details right on the Lock Screen, such as when a group chat is particularly active. A new Focus, Reduce Interruptions, surfaces only the notifications that might need immediate attention.

    In the Notes and Phone apps, users can now record, transcribe, and summarize audio. When a recording is initiated while on a call in the Phone app, participants are automatically notified, and once the call ends, Apple Intelligence generates a summary to help recall key points.

    Many More Features to Come

    New Apple Intelligence features will be available in December, with additional capabilities rolling out in the coming months.

    Apple Intelligence will add new ways for users to express themselves visually. Emoji will be taken to an entirely new level with the ability to create original Genmoji by simply typing a description, and can also be personalized using a photo of a friend or family member. Image Playground will allow users to create playful images in moments. Image Wand will make notes more visually engaging by turning rough sketches into delightful images. When a user circles an empty space, Image Wand will create an image using context from the surrounding area.

    In December, Writing Tools will get even more powerful with the ability for users to describe a specific change they want to apply to their text, like making a dinner party invite read like a poem, or adding more dynamic action words to a résumé. And users will have the option to access ChatGPT’s broad world knowledge within Writing Tools and Siri, allowing them to benefit from its image- and document-understanding capabilities without needing to jump between tools.

    Also coming in December, a new visual intelligence experience will build on Apple Intelligence and help users learn about objects and places instantly, thanks to the new Camera Control on the iPhone 16 lineup.2 Users will be able to pull up details about a restaurant in front of them and interact with information — for example, translating text from one language to another.3 Camera Control will also serve as a gateway to third-party tools with specific domain expertise, like when users want to search Google for where they can buy an item, or benefit from ChatGPT’s problem-solving skills. Users are in control of when third-party tools are used and what information is shared.

    In the months to come, Priority Notifications will surface what’s most important, and Siri will become even more capable, with the ability to draw on a user’s personal context to deliver intelligence that’s tailored to them. Siri will also gain onscreen awareness, as well as be able to take hundreds of new actions in and across Apple and third-party apps.

    Breakthrough Privacy Protections

    Designed to protect users’ privacy at every step, Apple Intelligence uses on-device processing, meaning that many of the models that power it run entirely on device. For requests that require more processing power, Private Cloud Compute extends the privacy and security of Apple devices into the cloud to unlock even more intelligence. When using Private Cloud Compute, users’ data is never stored or shared with Apple; it is used only to fulfill their request. In a first for the industry, independent experts can inspect the code that runs on Apple silicon servers to continuously verify this privacy promise — an extraordinary step forward for privacy in AI.

    Users can choose whether or not to enable the ChatGPT integration, which is available as part of using Siri, Writing Tools, or visual intelligence with Camera Control. Users can access ChatGPT for free without creating an account, and privacy protections are built in — their IP addresses are obscured and OpenAI won’t store requests. For those who choose to connect their account, OpenAI’s data-use policies apply.

    Availability

    • The first set of Apple Intelligence features is available now as a free software update with iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, and can be accessed in most regions around the world when the device and Siri language are set to U.S. English.
    • Apple Intelligence is quickly adding support for more languages. In December, Apple Intelligence will be available for localized English in Australia, Canada, Ireland, New Zealand, South Africa, and the U.K., and in April, a software update will deliver expanded language support, with more coming throughout the year. Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and other languages will be supported.
    • Apple Intelligence is available on iPhone 16, iPhone 16 Plus, iPhone 16 Pro, iPhone 16 Pro Max, iPhone 15 Pro, iPhone 15 Pro Max, iPad with A17 Pro or M1 and later, and Mac with M1 and later.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Create a Memory Movie is available on iPhone and iPad, and will be available on Mac in the coming months.
    2. Camera Control is available on iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.
    3. Information about places of interest will be available in the U.S. to start, with support for additional regions in the months to come.

    Press Contacts

    Nadine Haija

    Apple

    nhaija@apple.com

    Jacqueline Roy

    Apple

    jacqueline_roy@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Global Banks –

  • MIL-OSI Banking: Apple introduces new iMac supercharged by M4 and Apple Intelligence

    Source: Apple

    Headline: Apple introduces new iMac supercharged by M4 and Apple Intelligence

    October 28, 2024

    PRESS RELEASE

    Apple unveils the new iMac with M4, supercharged by Apple Intelligence and available in fresh colors

    The world’s best all-in-one desktop features even more performance, a nano-texture display option, a 12MP Center Stage camera, and Thunderbolt 4 connectivity — all in a strikingly thin design

    CUPERTINO, CALIFORNIA Apple today announced the new iMac, featuring the powerful M4 chip and Apple Intelligence, in its stunning, ultra-thin design. With M4, iMac is up to 1.7x faster for daily productivity, and up to 2.1x faster for demanding workflows like photo editing and gaming, compared to iMac with M1.1 With the Neural Engine in M4, iMac is the world’s best all-in-one for AI and is built for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves, while protecting their privacy. The new iMac is available in an array of beautiful new colors, and the 24-inch 4.5K Retina display offers a new nano-texture glass option.2 iMac features a new 12MP Center Stage camera with Desk View, up to four Thunderbolt 4 ports,3 and color-matched accessories that include USB-C. Starting at just $1,299, now with 16GB of unified memory, the new iMac is available to pre-order today, with availability beginning Friday, November 8.

    “iMac is beloved by millions of users, from families at home to entrepreneurs hard at work. With the incredible features of Apple Intelligence and the powerful performance of Apple silicon, the new iMac changes the game once again,” said John Ternus, Apple’s senior vice president of Hardware Engineering. “With M4 and Apple Intelligence, gorgeous new colors that pop in any space, an advanced 12MP Center Stage camera, and a new nano-texture glass display option, it’s a whole new era for iMac.”

    Supercharged by M4

    The M4 chip brings a boost in performance to iMac. Featuring a more capable CPU with the world’s fastest CPU core,4 the new iMac is up to 1.7x faster than iMac with M1. Users will feel this performance across everyday activities like multitasking between their favorite apps and browsing webpages in Safari. And with an immensely powerful GPU featuring Apple’s most advanced graphics architecture, iMac with M4 handles more intense workloads like photo editing and gaming up to 2.1x faster than iMac with M1. This also enables a smoother gameplay experience in titles like the upcoming Civilization VII. The new iMac comes standard with 16GB of faster unified memory — configurable up to 32GB. The Neural Engine in M4 is now over 3x faster than on iMac with M1, making it the world’s best all-in-one for AI, and accelerating the pace at which users can get things done.

    M4 takes iMac performance even further:

    • Families, small businesses, and entrepreneurs can fly through daily productivity tasks with up to 1.7x faster performance1 in apps like Microsoft Excel, and up to 1.5x faster browsing performance5 in Safari compared to iMac with M1.
    • Gamers can enjoy incredibly smooth gameplay, with up to 2x higher frame rates5 than on iMac with M1.
    • Content creators can edit like never before, with up to 2.1x faster photo and video editing performance when applying complex filters and effects in apps like Adobe Photoshop1 and Adobe Premiere Pro5 compared to iMac with M1.
    • Compared to the most popular 24-inch all-in-one PC with the latest Intel Core 7 processor, the new iMac is up to 4.5x faster.1
    • Compared to the most popular Intel-based iMac model, the new iMac is up to 6x faster.1

    A New Era with Apple Intelligence on the Mac

    Apple Intelligence ushers in a new era for the Mac, bringing personal intelligence to the personal computer. Combining powerful generative models with industry-first privacy protections, Apple Intelligence harnesses the power of Apple silicon and the Neural Engine to unlock new ways for users to work, communicate, and express themselves on Mac. It is available in U.S. English with macOS Sequoia 15.1. With systemwide Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write. With the newly redesigned Siri, users can move fluidly between spoken and typed requests to accelerate tasks throughout their day, and Siri can answer thousands of questions about Mac and other Apple products. New Apple Intelligence features will be available in December, with additional capabilities rolling out in the coming months. Image Playground gives users a new way to create fun original images, and Genmoji allows them to create custom emoji in seconds. Siri will become even more capable, with the ability to take actions across the system and draw on a user’s personal context to deliver intelligence that is tailored to them. In December, ChatGPT will be integrated into Siri and Writing Tools, allowing users to access its expertise without needing to jump between tools.

    Apple Intelligence does all this while protecting users’ privacy at every step. At its core is on-device processing, and for more complex tasks, Private Cloud Compute gives users access to Apple’s even larger, server-based models and offers groundbreaking protections for personal information. In addition, users can access ChatGPT for free without creating an account, and privacy protections are built in — their IP addresses are obscured and OpenAI won’t store requests. For those who choose to connect their account, OpenAI’s data-use policies apply.

    Array of Gorgeous New Colors

    The new iMac comes in seven vibrant colors, bringing fresh shades of green, yellow, orange, pink, purple, and blue, alongside silver. The back of iMac features bold colors designed to stand out, while the front expresses subtle shades of the new palette so users can focus on doing their best work. Every iMac comes with a color-matched Magic Keyboard and Magic Mouse or optional Magic Trackpad, all of which now feature a USB-C port, so users can charge their favorite devices with a single cable.

    New Nano-Texture Display Option

    The expansive 24-inch 4.5K Retina display on iMac is its highest-rated feature, and for the first time, it’s available with a nano-texture glass option that drastically reduces reflections and glare, while maintaining outstanding image quality.2 With nano-texture glass, users can place iMac in even more spaces, such as a sun-drenched living room or bright storefront.

    Enhanced Video Calls with 12MP Center Stage Camera

    A new 12MP Center Stage camera with support for Desk View makes video calls even more engaging. Center Stage keeps everyone perfectly centered on a video call — great for families gathered on FaceTime. Desk View makes use of the wide-angle lens to simultaneously show the user and a top-down view of their desk, which is useful for educators presenting a lesson to students, or creators showing off their latest DIY project. Rounding out the unrivaled audio and video experience is the beloved studio-quality three-microphone array with beamforming and an immersive six-speaker sound system.

    Advanced Connectivity

    On the new iMac, all four USB-C ports support Thunderbolt 4 for superfast data transfers, so users can connect even more accessories like external storage, docks, and up to two 6K external displays, creating a massive canvas with more than 50M pixels for users to spread out their work.3 iMac also supports both Wi-Fi 6E and Bluetooth 5.3. And with the advanced security of Touch ID, users can easily and securely unlock their computer, make online purchases with Apple Pay, and download apps.6 Additionally, Touch ID works with Fast User Switching, so customers can switch between different user profiles with just the press of a finger.

    An Unrivaled Experience with macOS Sequoia

    macOS Sequoia completes the new iMac experience with a host of exciting features, including iPhone Mirroring, allowing users to wirelessly interact with their iPhone, its apps, and its notifications directly from their Mac.7 Safari, the world’s fastest browser,8 now offers Highlights, which quickly pulls up relevant information from a site; a smarter, redesigned Reader with a table of contents and high-level summary; and a new Video Viewer to watch videos without distractions. With Distraction Control, users can hide items on a webpage that they may find disruptive to their browsing. Gaming gets even more immersive with features like Personalized Spatial Audio and improvements to Game Mode, along with a breadth of exciting titles, including the upcoming Assassin’s Creed Shadows. Easier window tiling means users can stay organized with a windows layout that works best for them. The all-new Passwords app gives convenient access to passwords, passkeys, and other credentials, all stored in one place. And users can apply beautiful new built-in backgrounds for video calls, including a variety of color gradients and system wallpapers, or upload their own photos.

    Better for the Environment

    The new iMac with M4 is designed with the environment in mind, with 100 percent recycled aluminum in the stand, and 100 percent recycled gold plating, tin soldering, and copper in multiple printed circuit boards. iMac meets Apple’s high standards for energy efficiency, and is free of mercury, brominated flame retardants, and PVC. New this year, the packaging of iMac is entirely fiber-based, bringing Apple closer to its goal to remove plastic from its packaging by 2025.

    Today, Apple is carbon neutral for global corporate operations and, as part of its ambitious Apple 2030 goal, plans to be carbon neutral across its entire carbon footprint by the end of this decade.

    Pricing and Availability

    • Customers can pre-order the new iMac with M4 starting today, October 28, on apple.com/store and in the Apple Store app in 28 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, beginning Friday, November 8.
    • iMac starts at $1,299 (U.S.) and $1,249 (U.S.) for education, and is available in green, yellow, orange, pink, purple, blue, and silver. It features an 8-core CPU, an 8-core GPU, 16GB of unified memory configurable up to 24GB, 256GB SSD configurable up to 1TB, two Thunderbolt/USB 4 ports, Magic Keyboard, and Magic Mouse or Magic Trackpad.
    • iMac with a 10-core CPU and 10-core GPU starts at $1,499 (U.S.) and $1,399 (U.S.) for education, and is available in green, yellow, orange, pink, purple, blue, and silver. It features 16GB of unified memory configurable up to 32GB, 256GB SSD configurable up to 2TB, four Thunderbolt 4 ports, Magic Keyboard with Touch ID, and Magic Mouse or Magic Trackpad.
    • Additional technical specifications — including the nano-texture display option, configure-to-order options, and accessories — are available at apple.com/mac.
    • With Apple Trade In, customers can trade in their current computer and get credit toward a new Mac. Customers can visit apple.com/shop/trade-in to see what their device is worth.
    • Apple Intelligence is available now as a free software update for Mac with M1 and later, and can be accessed in most regions around the world when the device and Siri language are set to U.S. English. The first set of features is in beta and available with macOS Sequoia 15.1, with more features rolling out in the months to come.
    • Apple Intelligence is quickly adding support for more languages. In December, Apple Intelligence will add support for localized English in Australia, Canada, Ireland, New Zealand, South Africa, and the U.K., and in April, a software update will deliver expanded language support, with more coming throughout the year. Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and other languages will be supported.
    • AppleCare+ for Mac provides unparalleled service and support. This includes unlimited incidents of accidental damage, battery service coverage, and 24/7 support from the people who know Mac best.
    • Every customer who buys directly from Apple Retail gets access to Personal Setup. In these guided online sessions, a Specialist can walk them through setup, or focus on features that help them make the most of their new device. Customers can also learn more about getting started with their new device with a Today at Apple session at their nearest Apple Store.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing was conducted by Apple in September and October 2024. See apple.com/imac for more information.
    2. Actual diagonal screen measurement is 23.5 inches. Nano-texture display is an option on models with 10-core CPU and 10-core GPU.
    3. All four USB-C ports support Thunderbolt 4 on models with 10-core CPU and 10-core GPU.
    4. Testing was conducted by Apple in October 2024 using shipping competitive systems and select industry-standard benchmarks.
    5. Results are compared to previous-generation 24-inch iMac systems with Apple M1, 8-core CPU, 8-core GPU, 16GB of RAM, and 2TB SSD.
    6. iMac with 8-core CPU and 8-core GPU can configure to Magic Keyboard with Touch ID and Numeric Keypad, and iMac with 10-core CPU and 10-core GPU comes standard with Touch ID.
    7. Available on Mac computers with Apple silicon and Intel-based Mac computers with a T2 Security Chip. Requires that the user’s iPhone and Mac are signed in with the same Apple Account using two-factor authentication, their iPhone and Mac are near each other and have Bluetooth and Wi-Fi turned on, and their Mac is not using AirPlay or Sidecar. Some iPhone features (e.g., camera and microphone) are not compatible with iPhone Mirroring.
    8. Testing was conducted by Apple in August 2024. See apple.com/safari for more information.

    Press Contacts

    Michelle Del Rio

    Apple

    mr_delrio@apple.com

    Starlayne Meza

    Apple

    starlayne_meza@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Global Banks –

  • MIL-OSI USA: NASA Successfully Integrates Coronagraph for Roman Space Telescope

    Source: NASA

    NASA’s Nancy Grace Roman Space Telescope team has successfully completed integration of the Roman Coronagraph Instrument onto Roman’s Instrument Carrier, a piece of infrastructure that will hold the mission’s instruments, which will be integrated onto the larger spacecraft at a later date. The Roman Coronagraph is a technology demonstration that scientists will use to take an important step in the search for habitable worlds, and eventually life beyond Earth.
    This integration took place at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, where the space telescope is located and in development. This milestone follows the coronagraph’s arrival at the center earlier this year from NASA’s Jet Propulsion Laboratory (JPL) in Southern California where the instrument was developed, built, and tested.

    The Roman Coronagraph Instrument is a technology demonstration that will launch aboard the Nancy Grace Roman Space Telescope, NASA’s next flagship astrophysics mission. Roman will have a field of view at least 100 times larger than the agency’s Hubble Space Telescope and explore scientific mysteries surrounding dark energy, exoplanets, and infrared astrophysics. Roman is expected to launch no later than May 2027.
    The mission’s coronagraph is designed to make direct observations of exoplanets, or planets outside of our solar system, by using a complex suite of masks and active mirrors to obscure the glare of the planets’ host stars, making the planets visible. Being a technology demonstration means that the coronagraph’s goal is to test this technology in space and showcase its capabilities. The Roman Coronagraph is poised to act as a technological stepping stone, enabling future technologies on missions like NASA’s proposed Habitable Worlds Observatory, which would be the first telescope designed specifically to search for signs of life on exoplanets.
    “In order to get from where we are to where we want to be, we need the Roman Coronagraph to demonstrate this technology,” said Rob Zellem, Roman Space Telescope deputy project scientist for communications at NASA Goddard. “We’ll be applying those lessons learned to the next generation of NASA flagship missions that will be explicitly designed to look for Earth-like planets.”

    A Major Mission Milestone
    The coronagraph was successfully integrated into Roman’s Instrument Carrier, a large grid-like structure that sits between the space telescope’s primary mirror and spacecraft bus, which will deliver the telescope to orbit and enable the telescope’s functionality upon arrival in space. Assembly of the mission’s spacecraft bus was completed in September 2024.
    The Instrument Carrier will hold both the coronagraph and Roman’s Wide Field Instrument, the mission’s primary science instrument, which is set to be integrated later this year along with the Roman telescope itself. “You can think of [the Instrument Carrier] as the skeleton of the observatory, what everything interfaces to,” said Brandon Creager, lead mechanical engineer for the Roman Coronagraph at JPL.
    The integration process began months ago with mission teams from across NASA coming together to plan the maneuver. Additionally, after its arrival at NASA Goddard, mission teams ran tests to prepare the coronagraph to be joined to the spacecraft bus.

    During the integration itself, the coronagraph, which is roughly the size and shape of a baby grand piano (measuring about 5.5 feet or 1.7 meters across), was mounted onto the Instrument Carrier using what’s called the Horizontal Integration Tool.
    First, a specialized adapter developed at JPL was attached to the instrument, and then the Horizontal Integration Tool was attached to the adapter. The tool acts as a moveable counterweight, so the instrument was suspended from the tool as it was carefully moved into its final position in the Instrument Carrier. Then, the attached Horizontal Integration Tool and adapter were removed from the coronagraph. The Horizontal Integration Tool previously has been used for integrations on NASA’s Hubble and James Webb Space Telescope.
    As part of the integration process, engineers also ensured blanketing layers were in place to insulate the coronagraph within its place in the Instrument Carrier. The coronagraph is designed to operate at room temperature, so insulation is critical to keep the instrument at the right temperature in the cold vacuum of space. This insulation also will provide an additional boundary to block stray light that could otherwise obscure observations.
    Following this successful integration, engineers will perform different checks and tests to ensure that everything is connected properly and is correctly aligned before moving forward to integrate the Wide Field Instrument and the telescope itself. Successful alignment of the Roman Coronagraph’s optics is critical to the instrument’s success in orbit.

    This latest mission milestone is the culmination of an enduring collaboration between a number of Roman partners, but especially between NASA Goddard and NASA JPL.
    “It’s really rewarding to watch these teams come together and build up the Roman observatory. That’s the result of a lot of teams, long hours, hard work, sweat, and tears,” said Liz Daly, the integrated payload assembly integration and test lead for Roman at Goddard.
    “Support and trust were shared across both teams … we were all just one team,” said Gasia Bedrosian, the integration and test lead for the Roman Coronagraph at JPL. Following the integration, “we celebrated our success together,” she added.
    The Roman Coronagraph Instrument was designed and built at NASA JPL, which manages the instrument for NASA. Contributions were made by ESA (European Space Agency), JAXA (Japan Aerospace Exploration Agency), the French space agency CNES (Centre National d’Études Spatiales), and the Max Planck Institute for Astronomy in Germany. Caltech, in Pasadena, California, manages NASA JPL for the agency. The Roman Science Support Center at Caltech/IPAC partners with NASA JPL on data management for the Coronagraph and generating the instrument’s commands.

    The Nancy Grace Roman Space Telescope is managed at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, with participation by NASA’s Jet Propulsion Laboratory and Caltech/IPAC in Southern California, the Space Telescope Science Institute in Baltimore, and a science team comprising scientists from various research institutions. The primary industrial partners are BAE Systems Inc. in Boulder, Colorado; L3Harris Technologies in Rochester, New York; and Teledyne Scientific & Imaging in Thousand Oaks, California.
    By Chelsea GohdNASA’s Jet Propulsion Lab, Pasadena, Calif.
    ​​Media Contact:Claire Andreoliclaire.andreoli@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.301-286-1940

    MIL OSI USA News –

  • MIL-OSI Security: Career Offender Sentenced to 20 Years in Prison for Bank Robbery

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    MIAMI – Today, Terry Meach, 43, was sentenced to 240 months in federal prison following a guilty to plea to two counts of bank robbery and one count of attempted bank robbery earlier this year.

    As part of his guilty plea, Meach admitted that on Feb. 23, 2024, he entered a Truist Bank in Hollywood, Fla., demanded money and claimed that he had a gun. The teller complied with his demands, and Meach made off with $2,419.

    Four days later, on Feb. 27, 2024, Meach entered a Fifth Third Bank in Fort Lauderdale, Fla., and approached the teller with his hand in his pocket. Meach said words to the effect of “give me the money, I have a bomb.” The teller backed away and Meach fled the bank empty handed. Undeterred, Meach continued down the street about 100 yards to a Truist Bank, which he entered and approached the teller saying words to the effect of “give me the money, I have a gun.” The teller complied, and this time Meach made off with $2,379.

    Prior to robbing the banks in February 2024, Meach had been convicted of robbing or attempting to rob four other banks charged in two separate federal cases. In April 2012, Meach robbed a TD Bank in Fort Lauderdale, and two days later attempted to rob a Suntrust Bank in Miami. Meach pled guilty to both charges and was sentenced to 54 months in federal prison in October 2012 (Case No. 12-cr-20302). Meach was released from prison on March 14, 2016.

    Eight days after his release, on March 22, 2016, Meach robbed a Suntrust Bank in Fort Lauderdale. Two days after that, Meach robbed a Chase Bank in Doral. Meach pled guilty to both robberies in November 2016, and was sentenced to 99 months in federal prison (Case No. 16-cr-60087). Meach was released from prison on Feb. 9, 2024.

    Fourteen days later, Meach committed the first of the robberies for which he was sentenced in this case.

    U.S. Attorney Markenzy Lapointe for the Southern District of Florida and Special Agent in Charge Jeffrey B. Veltri of the FBI, Miami Field Office, made the announcement.

    FBI Miami investigated the case. Assistant U.S. Attorney Corey O’Neal prosecuted the case.

    You may find a copy of this press release (and any updates) on the website of the United States Attorney’s Office for the Southern District of Florida at www.justice.gov/usao-sdfl.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 24-cr-60100.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Online Chats with Minor Females Lead to Federal Prison Sentences for Two Men

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    LAFAYETTE, La. – United States Attorney Brandon B. Brown announced the sentencing of two men on child pornography charges. 

    Jason Matthew Miller, 26, of Eunice, Louisiana, was sentenced by United States District Judge S. Maurice Hicks, Jr. to 210 months (17 years, 6 months) in prison, followed by a lifetime of supervised release. Miller was charged in an indictment and pleaded guilty to attempted production of child pornography. Law enforcement agents began an investigation after receiving information that Miller had communicated with a 13 year old female through Instagram, a social media platform. Through their investigation, it was revealed that in July 2018, Miller had a conversation through Instagram and on his cell phone with the minor female and he told her he was a 15 year old male, when in truth and in fact he was 20 years old at the time. Miller asked the minor female to send him sexually explicit photos of herself and she did so. At the guilty plea hearing on June 26, 2024, Miller admitted to communicating with the minor female and asking for and receiving sexually explicit photos of her. 

    In a separate and unrelated case, Michael Rios, 30, of San Antonio, Texas, was sentenced by United States District Judge David C. Joseph to 120 months (10 years) in prison for attempting to produce child pornography.  Rios will serve 20 years of supervised release after his release from prison. At the guilty plea hearing on July 23, 2024, Rios admitted to communicating with an undercover agent who was posing as a 13 year old female on the chat application “Meet24.”  In December 2022 and continuing through the spring of 2023, Rios chatted with who he believed to be a 13 year old female living in Lafayette, Louisiana. During the online conversation with the purported minor female, Rios asked her to send sexually explicit pictures and videos of herself to him and he sent sexually explicit images of himself to her. In addition, he discussed the possibility of traveling to Louisiana on numerous occasions so he and the minor female could meet at a hotel and engage in sex. Rios was subsequently arrested and charged with the offense of attempted production of child pornography.

    These cases were investigated by the Federal Bureau of Investigation and prosecuted by Assistant United States Attorney J. Luke Walker.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: Edmonton — Alberta Operational Communications Centres reduce response times across the province

    Source: Royal Canadian Mounted Police

    This month, the Alberta RCMP marks OCCtober, a campaign in which we recognize the hard work of our Operational Communications Centres (OCC) and the impact that OCC operators have on the province of Alberta every day. Through their hard work and the development of new programs for crime reporting, the OCC’s response time is faster than ever. Currently, 97% of all calls are answered in under 2 minutes, with 87% of calls being answered in under 1 minute.

    OCC employees are a vital part of the RCMP. Day and night, 365 days a year, they are there to reassure the public when they call 911, direct officers during crisis situations, and help ensure the safety of Alberta’s police by monitoring their movements while they are out in the field.

    Ensuring officers respond to emergency calls rapidly is one of the Alberta RCMP’s top priorities, and a quick response by the OCC is the first step in the process. After receiving and evaluating each call, officers are dispatched based on the seriousness of the report. Reports of crime where there is an immediate threat to life and safety will be prioritized over crime that is discovered after it’s been committed and does not pose an immediate threat to public safety.

    The Alberta RCMP is responsible for policing 99% of Alberta’s landscape, covering over 660,000 square kilometers across the province. Despite the large jurisdiction, frequently in remote, rural regions, the average response time of the Alberta RCMP is only 21.20 minutes; 56.6% of calls are responded to within 20 minutes, with 15.4% of high priority calls being responded to in approximately five minutes. By triaging calls, and coordinating the deployment of officers across the province, the Alberta RCMP ensures that the officers closest to an emergency are responding, regardless of the detachment they belong to or the unit they are assigned to.

    There are several ways that the public can help their Alberta RCMP continue to reduce response times and keep their communities safe. Whether it is an emergency or not, report all crime in your community. Having a clear picture of crime across the province helps ensure the RCMP is allocating resources appropriately. If you are reporting a non-emergency, please contact your local detachment in person or over the phone. You can also report non-emergency crimes online on the RCMP webpage. For emergencies, always call 911 and our OCC operators will be there to help.

    Alberta RCMP Response Time Video: https://www.youtube.com/watch?v=E_pk1rR4AVQ

    MIL Security OSI –

  • MIL-OSI Security: Edmonton — Alberta RCMP offer safety tips for all ghouls and ghosts this Halloween

    Source: Royal Canadian Mounted Police

    It’s October and we all know what that brings: changing leaves, everything pumpkin spice, and, of course, Halloween. On Halloween we can expect to see goblins, ghouls, monsters, and superheroes in the streets trick or treating. Whether you’re going from house to house, driving to a fellow ghoul’s for a ghastly get together, or staying inside to avoid things that go bump in the night, we can all do our part to ensure the safety of each other.

    This Halloween, the Alberta RCMP offers the following safety tips to ensure everyone has a safe and happy Halloween.

    Tips for trick-or-treaters:

    • Wear bright coloured costumes and use reflective tape or glow sticks to be more visible to drivers.
    • Use a flashlight and stay in well-lit areas.
    • Wear make-up instead of a mask. Masks can impair your vision and hearing. If you wear a mask, remove while walking from house to house and crossing streets.
    • Always walk on sidewalks.
    • Stay on one side of the street and only cross the street where safe to do so. Do not crisscross back-and-forth across roads or traffic.
    • Stay on the doorstep or sidewalk. Never go inside the home or car of someone you don’t know.
    • Travel in groups if you are unsupervised.

    Tips for adults:

    • Keep porch lights, or external security lights, on.
    • Keep doors clear and accessible. Avoid decorations that pose a tripping hazard.
    • Do not invite children inside your home.
    • Make sure to inspect your children’s candy for any signs of tampering or unwrapped items.
    • Only pass out commercially wrapped candy and snacks.
    • Keep pets indoors as they may be easily scared by children in costumes.
    • If you are going to be attending a party this Halloween, do not drink and drive or take substances from people you don’t know and trust.

    MIL Security OSI –

  • MIL-OSI: Thomasville Bancshares, Inc. Announces Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    THOMASVILLE, Ga., Oct. 28, 2024 (GLOBE NEWSWIRE) — Thomasville Bancshares, Inc. (OTC PINK: THVB), the parent company of Thomasville National Bank and TNB Financial Services, today announced financial results for the quarter ended September 30, 2024.

    Third Quarter 2024 Highlights

    • Net Income for the quarter of $9,386,870 compared to $8,467,575 for the same period last year, an increase of 11%.
    • YTD Net Income of $28,950,864 compared to $26,162,967 for the same period in 2023, an increase of 11%.
    • Earnings per share for the first nine months were $4.53 (basic) and $4.36 (diluted).
    • YTD Return on Average Assets of 2.21% and Return on Average Tangible Equity of 24.28%.
    • Total Assets of $1.816 billion, an increase of $241 million over the same period in 2023.
    • Loans grew to $1.514 billion, an increase of $150 million or 11% year-over-year.
    • Deposits grew to $1.573 billion, an increase of $220 million or 16% year-over-year.
    • Regulatory Capital was $167 million or 9.26% of assets. During the third quarter the company paid a $6.9 million cash dividend ($1.05 per share).
    • TNB Financial, provider of trust and investment services, now has client assets over $4.7 billion.

    Stephen H. Cheney, Chairman and CEO, said “We are pleased to report our strong financial performance for the third quarter ended September 30, 2024. We believe that our Bank is well positioned to continue this strong performance through the remainder of 2024 and beyond.”

    About Thomasville Bancshares, Inc., and Thomasville National Bank

    Thomasville Bancshares, Inc. was founded in 1995 as the holding company for Thomasville National Bank. Today the Bank has total assets of over $1.8 billion. TNB was the #1 ranked bank in Georgia in overall performance (2023 GBA Bank Performance Report) and was recently recognized by American Banker magazine as one of the Top 200 Community Banks in the country, ranked 7th in the nation based upon three years average return on shareholders’ equity. The Bank’s trust and investment division, TNB Financial Services, has client assets over $4.7 billion under advisement and provides financial planning, investments, trust, brokerage, and other related financial services. TNBFS has offices located in Georgia, Florida, South Carolina, Illinois, and Ohio. The Company is headquartered in Thomasville, Georgia and has over 800 local shareholders. Thomasville National Bank is Member FDIC and an Equal Housing Lender. For more information, visit online at www.tnbank.com. 

    The MIL Network –

  • MIL-OSI Asia-Pac: HKSAR Government strongly condemns US lawmakers’ attempt through a so-called “bill” to intimidate HKSAR personnel safeguarding national security

    Source: Hong Kong Government special administrative region

         â€‹The Government of the Hong Kong Special Administrative Region (HKSAR) today (January 25) strongly condemned those United States (US) lawmakers again requesting a review, through a so-called “bill”, of including a number of HKSARG officials, and a number of judges and prosecutors, in a so-called list of “sanctions” in an attempt to intimidate the HKSAR personnel concerned who safeguard national security, as well as the unfounded and biased remarks which deliberately misled the public and smeared the Hong Kong National Security Law (NSL). 

         A spokesman for the HKSAR Government said, “It is the constitutional duty of the HKSAR to safeguard national security. In accordance with international law and international practice based on the Charter of the United Nations, safeguarding national security is an inherent right of all sovereign states. Many common law jurisdictions, including western countries such as the US, the United Kingdom, Canada, Australia and New Zealand, as well as Singapore, have enacted multiple pieces of legislation to safeguard national security. Turning a blind eye to the fact and making exaggerated remarks, the US politicians have demonstrated typical political hegemony and hypocrisy with double standards.”

         “While the ‘black-clad violence’ and the Hong Kong version of ‘colour revolution’ back in 2019 severely damaged the social stability of Hong Kong, the implementation of the NSL in the past four years has enabled the livelihood and economic activities of the Hong Kong community at large to swiftly resume as normal and the business environment to be restored and improved continuously. In the Economic Freedom of the World 2024 Annual Report, Hong Kong ranks as the world’s freest economies among 165 economies. In the World Competitiveness Yearbook 2024, Hong Kong’s ranking improved by two places to fifth globally. However, those US politicians insist on turning a blind eye to all these facts, and even clamour for so-called ‘sanctions’ against the HKSAR personnel who dutifully safeguard national security. The HKSAR Government strongly condemns their political grandstanding rife with ill intentions, which have been seen through by all.

         The spokesperson pointed out, “The HKSAR despises any so-called ‘sanctions’ and shall never be intimidated. It shall continue to resolutely discharge the responsibility of safeguarding national security. The HKSAR Government strongly urges the US politicians concerned to discern facts from fallacies, and immediately stop acting against the international law and basic norms of international relations and interfering in Hong Kong matters, which are purely China’s internal affairs.”

         The spokesperson also pointed out that, “Since Hong Kong’s return to the motherland, human rights in the city have always been robustly guaranteed constitutionally by both the Constitution and the Basic Law. The legal framework in safeguarding national security in the HKSAR is in line with relevant international human rights standards. The NSL and the Safeguarding National Security Ordinance (SNSO) clearly stipulate that human rights shall be respected and protected in safeguarding national security. The rights and freedoms enjoyed by Hong Kong residents under the Basic Law and the provisions of the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights as applied to the HKSAR are protected in accordance with the law.”

         “The HKSAR law enforcement agencies have been taking law enforcement actions based on evidence and strictly in accordance with the law in respect of the acts of the persons or entities concerned, which have nothing to do with their political stance, background or occupation. The Department of Justice of the HKSAR is in charge of criminal prosecutions under Article 63 of the Basic Law, with all prosecution decisions made based on an objective analysis of all admissible evidence and applicable laws.

         “The Judiciary of the HKSAR exercises judicial power independently in accordance with the law, and everyone charged with a criminal offence has the right to a fair hearing. The courts decide cases strictly in accordance with the evidence and all applicable laws. Cases will never be handled any differently owing to the profession, political beliefs or background of the entities involved. The prosecution has the burden to prove beyond reasonable doubt the commission of an offence before a defendant may be convicted by the court.
          
         “The judicial system of the HKSAR has always been highly regarded by international communities. Any attempt by any country, organisation, or individual to interfere with the judicial proceedings in the HKSAR by means of political power is a reprehensible act undermining the rule of law of the HKSAR. Making any statement with the intent to interfere with or obstruct the course of justice, or engaging in conduct with the same intent, is very likely to constitute the offence of criminal contempt of court or the offence of perverting the course of justice.”

         The spokesman reiterated, “The HKSAR steadfastly safeguards national sovereignty, security and development interests, and fully and faithfully lives up to this top priority of the ‘one country, two systems’ principle. The HKSAR Government will, as always, resolutely, fully and faithfully implement the NSL, the SNSO and other relevant laws safeguarding national security in the HKSAR, to effectively prevent, suppress and impose punishment for acts and activities endangering national security in accordance with the law, whilst upholding the rights and freedoms of Hong Kong people in accordance with the law, so as to ensure the steadfast and successful implementation of the principle of ‘one country, two systems’.”

    MIL OSI Asia Pacific News –

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 25 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ECKOH PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 25 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 10p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 20,172,436 6.9424    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 20,172,436 6.9424    

    All interests and all short positions should be disclosed.

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

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ORDINARY SALE 280,730 41.375p
    10p ORDINARY SALE 14,345 42.05p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 28 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 25 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 25 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,006,374 1.2632    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,006,374 1.2632    

    All interests and all short positions should be disclosed.

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

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 9,000 92.2p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 28 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –