An art work by Colombian artist Fernando Botero is on show during the second Art Basel in Hong Kong, south China, May 16, 2014. (Xinhua/Li Peng)
Noah Horowitz, CEO of Art Basel, said that he sees continued spending on art and antiques by high-net-worth individuals (HNWIs) despite a challenging market, bolstered by a strong appetite from Chinese buyers and an increased expenditure on emerging and female artists.
“Chinese art remains fundamentally popular,” said the CEO of the world’s leading art fair in a virtual interview with Xinhua, discussing “The Art Basel and UBS Survey of Global Collecting 2024,” a report published on Thursday.
“It’s such a large market with so much happening, in Beijing, Shanghai, Guangzhou and elsewhere that I think that there’s continued interest. We see that most visibly in our Hong Kong fair and we can expect that to continue,” said Horowitz.
The report was authored by cultural economist Dr. Clare McAndrew of Arts Economics and conducted in collaboration with Swiss banking giant UBS.
The survey examines the spending, event attendance, motivations for collecting of HNWIs and their interactions with artists, galleries and institutions. It reveals insights into the behaviors of HNWIs across 14 markets worldwide in 2023 and the first half of 2024.
Horowitz described the 2024 survey as the largest of its kind to date, which gathered responses from over 3,660 HNWIs in Brazil, France, Germany, Hong Kong, Indonesia, Italy, Japan, the Chinese mainland, Mexico, Singapore, Switzerland, Taiwan, Britain and the United States.
Visitors look at exhibits during Art Basel Hong Kong 2018 at Hong Kong Convention and Exhibition Centre in south China’s Hong Kong, March 27, 2018. (Xinhua/Li Peng)
“China is a large, diversified economy with many active artists and galleries, and it contributes a huge amount to the global art trade,” he said.
“The broader Asian story is really compelling. We’re seeing a lot of clients from throughout the Asian region, attending our shows, leaning in and remaining very active. It’s a super important market for us, and we can expect to see that vibrancy continue,” he added.
HNWIs from the Chinese mainland had the highest expenditure on art and antiques in 2023, as well as in the first half of 2024 with a median of 97,000 U.S. dollars, more than double that of any other region surveyed, the report showed, indicating that the strong return to spending has been sustained despite worries of a slowdown in the market, Horowitz said.
Horowitz also underscored a significant appetite to buy living artists’ work and increased expenditure on emerging as well as female artists.
“I think it’s a reminder that at the highest level of the wealth spectrum, there’s still considerable spending on art and luxury goods,” he told Xinhua.
Founded in 1970 by gallerists from Basel, Switzerland, Art Basel today stages the world’s premier art shows for modern and contemporary art. It has four locations: Basel, Miami Beach, Hong Kong and Paris.
Source: People’s Republic of China – State Council News
BEIJING, Oct. 25 — China’s central bank on Friday conducted a 700-billion-yuan (about 98.5 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system.
The MLF operation has a one-year maturity with an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month.
After the operation, the outstanding balance of the MLF stood at 6.789 trillion yuan.
Chief Secretary Chan Kwok-ki today officiated at the opening ceremony of the Bazaar Carnival in Celebration of the 75th Anniversary of the Founding of the People’s Republic of China at Sha Tin Park.
The Bazaar Carnival, which is being held from today until October 29, features 75 market stalls that offer specialty foods and hometown products from across the country. Citizens and tourists can also enjoy diverse cultural performances.
Speaking at the ceremony, Mr Chan said the event is jointly organised by the Home Affairs Department and 28 provincial-level clansmen associations, showcasing each province’s unique food, culture and customs.
Additionally, he noted that the clansmen associations have been playing an important role in Hong Kong’s development, facilitating exchanges and co-operation between Hong Kong and the motherland in various areas and deepening the friendship between the people of both places.
Mr Chan said he hopes that the clansmen associations will continue to make good use of their extensive connections to promote exchanges and collaboration between Hong Kong and Mainland provinces.
He also expressed that he looks forward to the associations advancing their work with the Hong Kong Special Administrative Region Government to build Hong Kong into a place for top talent, enabling the city to play its unique role as a super connector and super value-adder, as well as creating opportunities for the country’s opening up to the world and realising high-quality development.
Increases in the second and third quarters pull the year towards zero
The growth in Danes’ housing debt has generally been slowing since 2022, when interest rates began to rise sharply. In addition to putting a natural dampener on loan demandwhen it becomes more expensive to borrow, the rising interest rates have also given many borrowers the opportunity to pay off their fixed-rate mortgages at a low rate and thereby reduce their residual debt. The repayment of their existing loans and taking on of new smaller loans have therefore overall contributed negatively to lending growth. However, rising interest rates also pull in the opposite direction, as an increase in interest rates typically means that the interest payments make up a larger part of the homeowner’s payment on their loan. This means that instalment payments become smaller. As a result, the debt is not reduced at the same rate as if interest rates were lower.
After a period of fairly stable interest rates for the majority of the first half of 2024, lending rates fell in the third quarter, which was also marked by Danmarks Nationalbank’s two interest rate cuts. Homeowners increased their housing debt by kr. 8.8 billion in the quarter. Compounded with the second quarter’s modest lending growth, this only just offsets the development in the first quarter of the year, where debt was reduced by almost kr. 11 billion. Despite the so far very limited total lending growth in 2024, there may be a prospect of the year ending in the positive. About a quarter of the banks and mortgage credit institutions that participate in Danmarks Nationalbank’s lending survey expect that the demand for loans will increase slightly in the fourth quarter.
Greater interest in F5 loans
The recent interest rate developments have also had an impact on Danes’ preferences for the length of the loan’s interest rate fixation period when they choose a new mortgage loan with a variable interest rate. In the third quarter, homeowners have increasingly taken out F5 loans, where the average interest rate incl. contributions on loans that were taken out in September was around 1.5 percentage points lower than on both short-term and fixed-rate loans. The F5 loan has thus gone from making up approximately 20 percent of all new mortgage loans with variable interest rates in the first half of the year to a total of 31 percent in the third quarter.
Source: Hong Kong Government special administrative region
The Food and Environmental Hygiene Department (FEHD) today (October 25) reminded interested parties to join auctions that will start next Friday (November 1) for stalls at the 2025 Lunar New Year (LNY) fairs in the New Territories. The nine fairs, with a total of 521 wet goods stalls, 230 dry goods stalls and seven fast food stalls, will be held at Sha Tsui Road Playground in Tsuen Wan, Tin Hau Temple Fung Shui Square in Tai Po, Tung Tau Industrial Area Playground in Yuen Long, Tin Hau Temple Plaza in Tuen Mun, Man Yee Playground in Sai Kung, Po Hong Park in Tseung Kwan O, Shek Wu Hui Playground in North District, Kwai Chung Sports Ground in Kwai Tsing and Yuen Wo Playground in Sha Tin. The auctions for stalls of the LNY fairs in Tsuen Wan, Yuen Long and Kwai Tsing will be held at the Assembly Hall, 2/F, Lai Chi Kok Government Offices, 19 Lai Wan Road, Lai Chi Kok, Kowloon, on November 1, 5 and 11. The auction sessions are scheduled from 9am to 12.30pm (AM session) and 2pm until completion of the auction (PM session). The auctions for stalls of the LNY fairs in Tai Po, Sai Kung and Tseung Kwan O, North District, and Sha Tin will be held at the above-mentioned venue on November 4, 7, 8 and 12. The auction session is scheduled from 9am or 9.30am until completion of the auction. The auction for stalls of Tin Hau Temple Plaza LNY fair in Tuen Mun will be held at Tseng Choi Street Community Hall, 27 Tseng Choi Street, Tuen Mun, on November 6. The auction session is scheduled from 9.30am until completion of the auction. Details of the auctions are as follows:Sha Tsui Road Playground (Tsuen Wan)——————————————–Auction date: November 1 (Friday)Number of stalls: 126AM session: Wet goods (Stall Nos. 1 to 64)PM session: Wet goods (Stall Nos. 65 to 96) and dry goodsOpening prices:Wet goods: $1,770Dry goods (regular size): $8,480Dry goods (large size): $12,720Tin Hau Temple Fung Shui Square (Tai Po)——————————————–Auction date: November 4 (Monday)Number of stalls: 61Stall types: Dry goods, wet goods and fast foodOpening prices:Dry goods: $1,450Wet goods: $2,270Fast food: $5,480Tung Tau Industrial Area Playground (Yuen Long)——————————————–Auction date: November 5 (Tuesday)Number of stalls: 158AM session: Dry goods and wet goods (Stall Nos. 57 to 72)PM session: Wet goods (Stall Nos. 77 to 156) and fast foodOpening prices:Dry goods (regular size): $1,350Dry goods (large size): $2,030Wet goods: $700Fast food: $5,480Tin Hau Temple Plaza (Tuen Mun)——————————————–Auction date: November 6 (Wednesday)Number of stalls: 57Stall types: Wet goods, dry goods and fast foodOpening prices:Wet goods: $1,490Dry goods: $2,140Fast food: $2,740Man Yee Playground (Sai Kung)——————————————–Auction date: November 7 (Thursday)Number of stalls: 20Stall types: Dry goods and wet goodsOpening prices:Dry goods: $450Wet goods: $380Po Hong Park (Tseung Kwan O)——————————————–Auction date: November 7 (Thursday)Number of stalls: 90Stall types: Dry goods, wet goods and fast foodOpening prices:Dry goods (regular size): $1,540Dry goods (large size): $2,310Wet goods: $830Fast food: $4,570Shek Wu Hui Playground (North District)——————————————–Auction date: November 8 (Friday)Number of stalls: 73Stall types: Wet goods and dry goodsOpening prices:Wet goods: $710Dry goods (regular size): $1,540Dry goods (large size): $2,310Kwai Chung Sports Ground (Kwai Tsing)——————————————–Auction date: November 11 (Monday)Number of stalls: 98AM session: Wet goods (Stall Nos. 1 to 56)PM session: Wet goods (Stall Nos. 57 to 76) and dry goodsOpening prices:Wet goods: $490Dry goods (regular size): $2,250Dry goods (large size): $3,380Yuen Wo Playground (Sha Tin)——————————————–Auction date: November 12 (Tuesday)Number of stalls: 75Stall types: Dry goods and wet goodsOpening prices:Dry goods (regular size): $4,570Dry goods (large size): $6,860Wet goods: $3,580 Bidders for LNY fair stalls must be at least 18 years old and ordinarily reside in Hong Kong. Anyone can bid for more than one stall. A bidder must pay the bid price and register in person with his or her own name as the licensee of the stall immediately after successfully bidding for a stall. The bidder is also required to sign at once a licence agreement with the FEHD, or he/she will forfeit the rights to operate the stall. All fair sites will be made available to the licensees three days in advance of the fairs (from January 20 to 22, 2025) for the setting up of stalls. In the event of any unforeseeable incident that will cause reduction of the whole licence period (including the duration for setting up stalls and the business period of the fair), the Government has the right to postpone the commencement date and shorten the duration of the period. The bidding price (licence fee) paid will be refunded to the successful bidder on a pro-rata basis without interest. Stall licensees must completely remove the stall structure and all paraphernalia, together with all refuse, debris and unsold commodities (whether damaged or otherwise), from the licensed area before 7am on January 29, 2025. The FEHD reminded licensees that the stalls are solely for the purpose of selling and promoting the sale of the permitted commodities, and no other activities are allowed in the licensed area. If the FEHD considers that any activity conducted by the licensee to publicise, promote, display, show or sell any permitted commodities in the venue is unlawful, contrary to the interest of national security, immoral or incompatible with the object of the LNY fair, the FEHD is entitled to direct the licensee to stop conducting such activities, and the licensee must immediately comply with the direction. Stall licensees should not destroy, damage or abandon any unsold commodities at or in the vicinity of the stall. They may surrender unsold flowers and plants left behind at the stall to the FEHD at no charge, cost or compensation whatsoever, before 7am on January 29, 2025. According to the licence agreement, except inside designated stalls, licensees must not keep, store or use any compressed helium cylinder in the licensed area. Whereas licensees of the designated stalls may keep, store or use helium cylinders in the licensed area, the quantity of helium should be such that a licence is not required pursuant to the Dangerous Goods (Application and Exemption) Regulation 2012 (Cap. 295E), i.e. equivalent to 150 litres of helium. Sales of floating LED glowing balloons and aquarium fish by stall licensees are prohibited at the LNY fairs. In addition, as stated in the licence agreement, the height of dry goods stalls must not exceed 3 metres from ground level. The height of wet goods stalls and fast food stalls must not exceed 4.5m from ground level. For wet goods stalls and fast food stalls with a height of more than 3m from ground level, the licensee must, at his own costs, provide the FEHD with the original certificate issued by an authorised person, a registered structural engineer, or a competent person under the Construction Sites (Safety) Regulations (Cap. 59I) to certify the structural safety of the structure in the licensed area before the fair is opened to the public. The licensee must also affix a copy of the aforesaid certificate on the structure of the stall. Successful bidders shall comply with all the stipulations and provisions as set out in the licence agreement. Otherwise, the department is entitled to terminate the agreement and the licensee shall immediately vacate the stall. Details of the 2025 LNY fairs, such as the public notice, the locations and layouts of the fair venues, commodities allowed for sale at the fair stalls, open auction arrangements and related rules, and a sample of the licence agreement, are available on the FEHD website (www.fehd.gov.hk). For enquiries, please call the FEHD hotline 2868 0000.
Source: Hong Kong Government special administrative region
The election of five employee representatives to the Labour Advisory Board (LAB) for the next two-year term commencing on January 1, 2025, will be held on November 16 (Saturday) at the Mei Foo Community Hall, 1/F, Mei Foo Government Complex, 33 Mei Lai Road, Sham Shui Po. The Labour Department (LD) received 10 valid nominations of candidates from employee unions registered under the Trade Unions Ordinance during the nomination period from September 23 to October 15, 2024.
The candidates, listed in the order of receipt of nomination forms by the LD, are:
* Ms Julie Lai Chairman, Rights Association of Hawker Control Officers
* Mr Chong Yuk-shing Chairman, Hong Kong Security Guards Alliance
* Ms Lai Na President, Hong Kong Social Welfare Employees Association
* Mr Kenneth Lee Chairman, Civil Servants Union of Housing Department
* Mr Li Siu-bun Vice President, Hong Kong Clerical and Professional Employees General Union
* Ms Tam Kam-lin Vice Chairman, The Federation of Hong Kong & Kowloon Labour Unions
* Mr Lam Wai-kong President, Motor Transport Workers General Union
* Mr Frenky Koon Chairman, Hong Kong Airport Baggage Handlers Union
* Mr Yeung Wai-leung Chairman, Union of Government School Teachers
* Mr Fung Chuen-chung Chairman, Hong Kong Civil Servants General Union
A total of 867 employee unions registered as electors have appointed authorised representatives to vote in this election. The electors will soon be informed in writing of the candidate list and detailed proceedings of the election day. Authorised representatives may cast votes at the polling station at Mei Foo Community Hall, 1/F, Mei Foo Government Complex, from 9am to 5pm on the election day of November 16.
Candidates will be present on the election day to supervise the counting of votes. The Assistant Commissioner for Labour (Development) will act as the Returning Officer.
The respective lists of candidates and electors with authorised representatives appointed, as well as the election rules and procedures, are available on the homepage of the LD (www.labour.gov.hk/eng/news/LAB_Election2024.htm). Enquiries on matters relating to this election can be made at 2852 4024.
The LAB is a tripartite consultative body comprising representatives of employees and employers to advise the Commissioner for Labour on labour matters.
The stunning sights and sounds of Light Night Leeds transformed the city centre last night as the incredible cultural spectacle returned for its 20th edition.
A huge programme of mesmerising illuminated artworks from around the world arrived at well-known buildings and locations in Leeds for the event’s first night, with the stunning show set to continue this evening (Oct 25).
The UK’s largest light art festival, this year’s Light Night features a compelling mix of large-scale projections, live street theatre and interactive installations which wowed crowds of thousands last night.
At The Queens Hotel The BookBinder saw a fairy tale figure lead a cast of birds, beasts and boats, in an impressive projection across the iconic hotel’s façade.
A collaboration with the British Library and created by artists Illuminos, the piece is inspired by British Library’s Flickr Commons collection which includes fantastical drawings, prints and images.
At Leeds Dock, Norwegian artist Anastasia Isachsen’s stunning Monad, was projected onto the water, taking inspiration from nature and the universe and accompanied by a compelling soundscape.
Aire Park hosted the magnificent Parallels by Architecture Social Club, where multi-coloured laser beams pulsed and flickered overhead near the new Aire Park, outside The Tetley.
And at Leeds Civic Hall, the breath-taking Out of the Aire paid tribute to some of the people and events that have been part of the fascinating story of Leeds.
Dynamic, live street performances this year also included a giant Ghost Caribou, the return of the ever-popular Spark Drummers and a fire-breathing dragon.
This year marks the 20th edition of Light Night Leeds, and over the past two decades, the event has attracted more than 1.1 million visitors to the city and generates millions of pounds for the local economy.
Councillor Salma Arif, Leeds City Council’s executive member for adult social care, active lifestyles and culture, said: “Light Night always promises to be a breath-taking and compelling cultural spectacle like no other, and last night certainly did not disappoint.
“Watching so many people come together in the city centre to see some of our most famous places and spaces transformed is truly amazing, and really brings home the power which culture and the arts have to unite and inspire.
“The event is also a massive credit to all the people, organisations and businesses who have shown their support and helped create an event which showcases the very best of Leeds. Tonight is set to be just as special and I hope people have a memorable evening.”
Light Night Leeds 2024 will continue this evening, October 25 from 6pm to 10pm.
Dubai, Oct. 25, 2024 (GLOBE NEWSWIRE) — Binance will host its Binance Blockchain Week 2024 from October 30 to October 31 at the Coca-Cola Arena in Dubai, UAE, under the theme “Momentum.”
The conference will focus on key topics such as technology, regulation, community, and the social impact of blockchain. Notable speakers include Binance founder Changpeng Zhao (CZ), Binance CEO Richard Teng, Dubai Future Foundation CEO HE Khalfan Belhoul, and Circle CEO Jeremy Allaire, among other thought leaders.
This year’s theme, “Momentum,” emphasizes the importance of harnessing the driving forces of the crypto industry to overcome current challenges and achieve future milestones. Attendees will engage in deep discussions about how “Momentum” will shape the future of Web3.
BNB Chain Ecosystem Airdrop
During the event, UXUY, a multi-chain infrastructure incubated and invested in by Binance Labs, will release limited edition NFC cards. Attendees can tap the NFC card with their phones to instantly create a UXUY Telegram wallet and receive a random airdrop from the BNB Chain ecosystem, including BNB, FDUSD, and other popular tokens. This interactive feature adds fun and engagement to the event, giving users the exciting experience of Tap2Earn in a live setting.
The UXUY Telegram Wallet is the first decentralized multi-chain wallet on Telegram, developed and operated by UXUY. It supports 21 blockchains, including BNB Chain, Bitcoin Lightning Network, Base, Solana, and TRON, with nearly 1.5 million users. UXUY’s mission is to bring 900 million users into the multi-chain crypto world.
UXUY is actively integrating BNB Chain DApps, such as PancakeSwap, Four.Meme, and KiloEx, achieving over 1.2 million on-chain interactions. This significantly lowers the barrier for Telegram’s 900 million users to access BNB Chain, continuously unlocking its immense potential.
Exclusive Access to Cutting-Edge Crypto Technology
This year’s Binance Blockchain Week not only brings together top leaders in the crypto industry but also introduces the eagerly awaited Innovation Stage. Attendees will gain first-hand insights into the latest advancements in cutting-edge platforms, tools, DeFi, NFTs, and other emerging trends, staying ahead of the curve. The Innovation Stage will also provide personalized, interactive experiences for engaged participants through live demos and keynote presentations, enriching the event’s content and format.
Jordan, co-founder of UXUY, will deliver a compelling talk on the Innovation Stage, sharing insights into UXUY’s pioneering work within the Telegram ecosystem.
Stay tuned for more details
Leading up to the event, visit the Binance Blockchain Week 2024 official website for the latest updates, ticket information, and more.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is breaking down barriers to Web3 adoption. It consists of the following components:
BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees among all EVM-compatible L1s, serving as the governance chain of the ecosystem.
opBNB: A scalable L2 that offers the lowest gas fees and fast processing speeds among all L2s.
BNB Greenfield: Fulfills the ecosystem’s decentralized storage needs and allows users to create their own data marketplace.
About UXUY
UXUY, incubated and invested in by Binance Labs, is a next-generation decentralized multi-chain infrastructure that has launched its app and bot products across iOS, Android, and the Telegram ecosystem.
UXUY Wallet (@UXUYbot) is the first self-custody multi-chain wallet on Telegram, supporting various blockchains, including Bitcoin Lightning Network, BNB Chain, Base, TON, Arbitrum, TRON, and more. UXUY has created the first decentralized multi-chain wallet and DApp center based on Telegram, with over 1.5 million users. The goal of UXUY Wallet is to bring 900 million users into the multi-chain crypto ecosystem.
Municipality Finance Plc Stock exchange release 25 October 2024 at 10:00 am (EEST)
Municipality Finance issues USD 150 million notes under its MTN programme
Municipality Finance Plc issues USD 150 million notes on 28 October 2024. The maturity date of the notes is 28 October 2027. MuniFin has a right, but no obligation, to redeem the notes early on 28 October 2025. The notes bear interest at a fixed rate of 4.06% per annum.
The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.
MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 28 October 2024.
Natixis SA, Paris acts as the dealer for the issue of the notes.
MUNICIPALITY FINANCE PLC
Further information:
Joakim Holmström Executive Vice President, Capital Markets and Sustainability tel. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over EUR 50 billion.
MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.
MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
Source: State University of Management – Official website of the State –
On October 22-23, 2024, the II Forum of the scientific and educational consortium “Eurasian Network University” was held in Minsk. The goal of the Forum is to deepen the interaction of science, education and business, develop network forms of implementing higher education programs, as well as programs of additional professional education and retraining of personnel for the labor market of the EAEU member states.
The Forum was organized by the State University of Management with the support of the Belarusian State University of Economics, the Belarusian State University and the Belarusian-Russian University. The event was attended by heads and representatives of more than 20 leading universities in the Eurasian space, representatives of ministries, authorized government bodies and the business community.
The Forum’s formal ceremony was opened by moderators: Rector of the State University of Management Vladimir Stroyev and Rector of the Belarusian State University of Economics Alexey Egorov. Deputy Minister of the Ministry of Science and Higher Education Konstantin Mogilevsky addressed the Forum participants with a welcoming speech. The Deputy Minister noted the results of the fruitful and effective work of the Eurasian Network University over a two-year period, including the successfully launched project “Eurasian International Olympiad”, new joint educational programs launched, implemented programs for advanced training for the business community and civil servants in the field of business and management, and teachers of universities in the EAEU countries.
Next, a welcoming address was presented to the Forum participants by Senator of the Russian Federation Lyudmila Skakovskaya. The Senator emphasized the special importance of the event in the context of modern challenges that require an active exchange of knowledge and technology in the field of education, science and culture, as well as promoting intercultural dialogue and the implementation of innovative projects. Head of the Representative Office of Rossotrudnichestvo of the Russian Federation in the Republic of Belarus Yuri Makushin delivered a welcoming speech, emphasizing that the Forum is a unique platform not only for the exchange of experience, developments and ideas for the future development of science and the education system in the territory of the EAEU member states, but also for establishing partnerships, developing effective mechanisms for the development of interaction, which is especially relevant today, in the context of modern geopolitical turbulence.
The leading speakers of the plenary session of the Forum were: First Deputy Chairman of the State Duma Committee on Science and Higher Education Vladimir Sipyagin, Chairman of the Committee on Education and Science of the CIS Business Center for Economic Development Dmitry Repnikov, Academician of the Russian Academy of Sciences, Doctor of Economics, Professor Sergei Glazyev, Director of the branch of the National Accreditation Agency in Education Mikhail Petropavlovsky, Rector of the State University of Management Vladimir Stroyev, Rector of the National Research University “MPEI” Nikolay Rogalev, Rector of the Mari State University Mikhail Shvetsov, Rector of the University under the Interparliamentary Assembly of the EurAsEC Irlan Iskakov, Vice-Rector for Academic Affairs of the Belarusian-Russian University Natalia Vologina, Vice-Rector for Academic Affairs of the Almaty Technological University Lyazzat Baibolova.
In their reports, the speakers presented models of inter-university cooperation, the advantages of network forms of education, areas of coordination of scientific and educational cooperation, the implementation of foreign internships as a driver for the development of trade and economic relations, and ways of integrating universities in the EAEU space.
The International Scientific and Practical Conference of the Eurasian Network University “Priority Directions for the Development of Eurasian Integration” was held within the framework of the forum. The key topics of the sectional sessions were “Education in the Context of Eurasian Integration” and “Moral and Patriotic Education of Young People in the EAEU: Main Directions and Features of Organization”. The conference participants discussed issues of integration of government agencies, academic and business communities, prospects for the formation of a common educational space of the EAEU, tools for spiritual and moral-patriotic education of young people in EAEU universities.
The exhibition of the Eurasian Network University, which was held at the Forum venue, also aroused great interest among students of Belarusian universities. Students got acquainted with the materials of the universities participating in the ENU, received information about the opportunities for participation in academic exchange programs at the universities participating in the ENU, Olympiads that provide opportunities to study within the quotas of the Government of the Russian Federation, and about additional professional education programs.
Subscribe to the TG channel “Our GUU” Date of publication: 10/25/2024
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.
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Military personnel on leave will be able to receive medical care at any convenient state hospital or clinic. A resolution on this, prepared at the initiative of the Ministry of Defense and with the support of the Ministry of Health, has been signed.
The decision was made on the instructions of the President. It will be in effect for the duration of the special military operation.
Previously, due to the lack of compulsory medical insurance policies, military personnel, even while on vacation, had to seek medical care only at departmental hospitals of the Ministry of Defense, which are not available in all regions of the country. The signed resolution will improve the availability of medical care for military personnel who need it.
The document will be published.
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.
As NATO works to enhance defence production and ensure better defence planning, NATO Secretary General Mark Rutte spoke to the Conference of National Armaments Directors (CNAD) on the urgency of the task ahead. “Defence industrial issues are at the core of my agenda,” Mr Rutte explained. “NATO has made significant progress in kick-starting defence production, supporting Ukraine with munitions, and rebuilding stockpiles, but there is more to do, together.”
The meeting on 23 and 24 October brought representatives from Allied and Interoperability Partner nations together at NATO Headquarters for their 2024 Autumn Plenary Session. Delegates discussed the most pressing challenges for the armaments community across the Alliance and beyond. They addressed defence planning and production, joint procurement, and standardization. They also spoke about how to strengthen engagement with partners, in particular on supply chain security and defence industrial cooperation.
The CNAD plays an essential role in delivering the interoperable capabilities needed for the Alliance’s deterrence and defence. The Secretary General commended their work, highlighting the important part that Armaments Directors play in “turning political priorities and decisions into action.” This is vital not only among Allies but also with Partners. The recently appointed Assistance Secretary General for Defence Investment and CNAD’s Permanent Chair, Tarja Jaakkola, underscored the value of the of “ensuring that the CNAD contributes to bringing on board partners in NATO discussions to the fullest extent possible.”
There’s a degree of irony that countries attending the 2024 Brics summit this week voted to adopt the Kazan declaration (named for the capital city of the autonomous republic of Tatarstan in Russia, where the summit is being held). The declaration’s first clause emphasises that “all states should act consistently with the Purposes and Principles of the UN Charter in their entirety”. There’s also a certain amount of chutzpah on the part of conference chair, Vladmir Putin, whose ongoing invasion of Ukraine is so egregiously in breach of that charter.
Article one stresses that the primary purpose of the UN is to “maintain international peace and security”. Article two rules that: “All Members shall settle their international disputes by peaceful means”. If that’s not clear enough, it goes on to further insist that: “All Members shall refrain in their international relations from the threat or use of force against the territorial integrity or political independence of any state.”
Still, its a funny old world in which the UN secretary general, António Guterres, pitches up at a summit whose host is wanted on an arrest warrant issued by the International Criminal Court on charges relating to the alleged illegal deportation of Ukrainian children to Russia. In a country whose troops are currently fighting in Ukraine in direct contravention of the UN’s charter.
To add a further layer of irony, October 24 is the 79th anniversary of the entry into force of the UN Charter in 1945.
Guterres called on Putin to agree a peace deal “in line with the UN Charter, international law and UN General Assembly resolutions”. The Russian leader is perhaps more likely to listen to a deal proposed by the Chinese president, Xi Jinping. He said: “We must uphold the three key principles: no expansion of the battlefields, no escalation of hostilities, and no fanning flames and strive for swift de-escalation of the situation.”
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The UN chief’s idea of a just peace would call for Russia to give up its illegal occupation of Crimea and eastern Ukraine. Xi’s proposal appears to call for a deal based on the status quo – virtually the opposite, in other words.
This is pretty much all Ukraine can hope for, as far as the University of Portsmouth’s Frank Ledwidge is concerned. Ledwidge, who has written regularly for The Conversation since Putin launched his invasion in February 2024 and is well plugged into defence and intelligence networks in Nato as well as in Ukraine itself, believes that Ukraine cannot defeat Russia – at least as things stand.
Ledwidge says Ukraine’s western allies are partly to blame for the maximalist aims of the country’s president Volodymyr Zelensky. Western rhetoric has not properly been matched by sufficient weapons or the permission to use them as effectively as the situation warrants. Now is the time for realism, he writes:
A starting point could be accepting that Crimea, Donetsk and Luhansk are lost … Then we need to start planning seriously for a post-war Ukraine that will need the west’s suppport more than ever.
One of the key factors that Ledwidge stresses is that just one of Russia’s allies, North Korea, has supplied twice as many artillery shells this year as the whole of Europe. Now North Korean troops are apparently also about to join their Russian comrades on the battlefield. This, writes Ra Mason – a Korea specialist at the University of East Anglia – will help ease the pressure on Putin to bring forward his mobilisation plans.
Losing battle? The state of the conflict in Ukraine, October 23. Institute for the Study of War
It’s a diplomatic coup for Putin, Mason believes – it’s a “clear show of opposition towards the Washington-led global order”, which “deals a further blow to the myth that the Russian Federation is isolated, as an international pariah, in a world led by western powers.”
But a military coup de grace against Ukraine? Probably not. The jury is out on how effective North Korea’s “poorly equipped, unmotivated and undernourished” troops will be against Ukraine’s highly motivated defenders. It will also be interesting to see where and how they are deployed. If sent to the frontlines in Kursk, they’ll be helping an ally in its struggle against an incursion by Ukrainian forces. If deployed inside Ukraine, they’ll join Russia in breach of international law. Mason concludes:
If sent into new theatres of war against state-of-the-art Nato-supplied weaponry, it could effectively mean waves of ill-prepared cannon fodder being thrown into the meat grinder of Donbas’ trenches.
Incidentally, the term “meat grinder” has been much bandied about of late. It follows reports from US intellegence recently that, while Russian forces have been making rapid advances and gaining a significant amount of ground in recent weeks, they are doing so at considerable cost in terms of dead and wounded. September was a particularly bloody month, with reports of Russian losses of more than 1,000 men a day, killed or wounded.
But Russian military strategists are well versed in such pyrrhic victories, writes historian Becky Alexis-Martin, who points to equally savage losses in Russia’s defence against Napoleon and in the first and second world wars. Stalin, in particular, was able to defeat the Nazi war machine by, inter alia, throwing millions of troops at their enemies (and incurring terrible casualties). But it’s not a strategy that guarantees success. And terrible psychological effects are beginning to manifest themselves in veterans returning from Ukraine with severe and often violent post-traumatic stress disorder.
As if things weren’t bad enough for Zelensky on the battlefield, the Ukrainian president was dealt a serious blow earlier this month when the US president, Joe Biden, was forced by extreme weather events, including a hurricane hitting the state of Florida, to cancel the planned meeting of the heads of government of up to 50 of Ukraine’s western allies in Germany. The “Ramstein Group”, so-called after the German air base at which they meet, was scheduled to meet in the second week of October to consider Zelensky’s “victory plan”. Stefan Wolff, an international security expert at the University of Birmingham writes that the Ukrainian president was hoping to get some degree of commitment for a path to Nato membership for Ukraine as well as permission to use western-supplied long-range missiles against targets deep inside Russia.
Neither of these seem likely to happen in the short term, says Wolff. Like Ledwidge, Wolff thinks Ukraine is doomed to defeat unless its allies double down on their aid – and fast. And like Ledwidge, Wolff sees little indication of that happening any time soon.
When it comes to continuing US support for Ukraine’s war effort, all eyes are now firmly fixed on November 5. The outcome of the presidential election will be seriously consequential for Ukraine’s future. Both candidates have made their positions clear and there is considerable difference between the two positions.
Donald Trump has said any number of times that had he not lost that “rigged and stolen” election to Biden in 2020, Putin would never have invaded Ukraine in the first place. Still, he says, if he wins this one, he’ll bring the war to a very rapid conclusion. But it remains to be seen, given Trump’s oft-stated admiration for Putin, whether the conclusion will be palatable to Kyiv – or to Nato in general.
Trump’s opponent, Kamala Harris, said the former president’s proposals are not “proposals for peace, they’re proposals for surrender”. As vice-president during the Biden administration, she flew to Europe not long after the invasion in February 2022 to help shore up support for Kyiv. Harris has also regularly restated her intention to continue to back Ukraine against Russia. In the only debate of the campaign she said that Ukraine was not Putin’s final stop and that he has “his eyes on the rest of Europe, starting with Poland”.
Poland, incidentally, is an interesting case in point. While it is Ukraine’s firmest ally and it leadership is four-square behind Kyiv, the people are curiously divided on the country’s support for Ukraine. You can read more about that here.
One imagines that Zelensky is as transfixed as anyone else on the 2024 US presidential election campaign as it heads into its final ten days. All we can tell you is that the polls are still very, very close. Well within most pollsters’ margin for error, in fact. A poll of polls, which combines polls from different agencies, published on the website FiveThirtyEight on October 22 shows that Harris leads Trump by 48.1% to 46.3% in the national popular vote. But the accepted popular wisdom is that the complex electoral college system used in the US may well favour Trump’s candidacy.
We’ll be providing daily updates on the US presidential race and full coverage of election day on November 5 and its aftermath.
The UN global agreement to halt and reverse the ongoing loss of biodiversity – the Kunming-Montreal Global Biodiversity Framework – was adopted in 2022. Implementation efforts are being followed up at the 16th Conference of the Parties to the Convention on Biological Diversity (CBD COP16) taking place in Cali, Colombia on 21 October–1 November 2024.
Taking place in conjunction with COP16 are Conferences to the Parties of two protocols: the Cartagena Protocol on Biosafety (COP-MOP11) and the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization (COP-MOP5).
Sweden is part of the EU negotiating delegation at COP16. The top priority for Sweden is issues that are particularly important for the implementation of the Framework – the Conference’s adoption of an updated monitoring framework and a transparent review process for follow-up of the global targets, including reporting.
Decisions are also expected to be taken at the Conference on the following priority issues for Sweden:
a long-term strategy for resource mobilisation from all sources;
intensifying cooperation between climate and biodiversity, since climate change and the threat to biodiversity must be addressed collectively;
the design of the mechanism for digital sequence information (DSI),
a new work programme and stronger engagement in the Convention’s work for indigenous people and local communities; and
action plan on biodiversity and health.
In addition, negotiations on marine issues will be held to further the work on ecologically or biologically significant marine areas, which is also a priority issue for Sweden. Earlier this year, the Government presented the Bill ‘A living sea – increased protection, reduced eutrophication and sustainable fishing’, in which its proposals include reaching the target of protecting 30 per cent of marine areas – one of the key objectives in the Kunming-Montreal Framework – by 2030.
Several representatives of Business Sweden and the business sector are in Cali. Business engagement is key to halting and reversing the loss of biodiversity, which Minister for Climate and the Environment Romina Pourmokhtari highlighted as she delivered the opening address at a Confederation of Swedish Enterprise seminar in September 2024.
Ms Pourmokhtari is leading the Swedish negotiating delegation, which consists of more than 20 people from the Government Offices, the Swedish Environmental Protection Agency, the Swedish Agency for Marine and Water Management, the Swedish International Development Cooperation Agency (Sida), the Sami Parliament, Stockholm Resilience Centre and the Riksdag.
Sida Director-General Jakob Granit and the Embassy of Sweden in Colombia are also taking part. This year, Sweden and Colombia are celebrating 150 years of bilateral relations. They enjoy close cooperation on a number of issues, none more so than the green transition.
Source: State University of Management – Official website of the State –
Specialists who are better than others at promoting goods and services on the market, and, of course, the entire Marketing Institute of the State University of Management! We are glad to congratulate you on your professional holiday! We wish that your work is always in good shape, and that your clients are pleasantly surprised by your creative ideas. And those who are just learning the basics of their future profession, strive for the best results and always achieve success in everything.
It should be noted that the appearance of this date in the holiday calendar is associated with an event that took place on October 25, 1975. On this day, the Marketing and Advertising Department was created in the Ministry of Foreign Trade of the Soviet Union. Incidentally, specialists in market and consumer preference studies began to be trained in our country even earlier – in 1931, when the All-Union Academy of Foreign Trade opened in the USSR.
But at the State University of Management, the Marketing Department was created in 1994, under the leadership of the rector of those years, an outstanding economist, Professor Anatoly Porshnev. Another 10 years later, by his order, the Institute of Marketing was created. Today, IM is about 1,500 students studying in three departments in ten educational programs. The Institute is developing dynamically and opening new modern audiences with the participation of its graduates.
Once again, we congratulate our marketers on their professional holiday and wish them to be inventive and sought-after specialists, to study well not only at the university, but also to develop themselves after graduation, to imbue their whole lives with creativity and to feel happy in any workplace.
We also congratulate the Marketing and IM departments on their 30th and 20th anniversaries, respectively. We wish you further growth and development, bright scientific projects, and an endless number of grateful graduates!
Subscribe to the TG channel “Our GUU” Date of publication: 10/25/2024
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.
The Hon Amanda Rishworth MP Minister for Social Services
Senator the Hon Penny Wong Minister for Foreign Affairs Senator for South Australia
The Hon Clare O’Neil MP Minister for Housing Minister for Homelessness
More women in South Australia will be assisted to access crisis accommodation and recovery services, with confirmation that a New Generation Catherine House is to be built in Adelaide’s CBD.
The $32.6 million project will feature 52 social housing apartments in the eight-storey development.
It delivers on an Albanese Labor Government election commitment and is becoming a reality in partnership with Catherine House philanthropy and the Malinauskas South Australian Labor Government.
The new 24/7 crisis and longer-term accommodation service brings the well-known South Australian homelessness service under one roof at a site owned by Community Housing Provider, Housing Choices.
The project has been allocated $14.3 million from the Social Housing Accelerator. A further $8 million from the Safe Places Inclusion Round was also provided by the Albanese Labor Government.
A total of $2.5 million was provided from Catherine House philanthropy and the SA state Government supported the purchase of the $2.9 million site.
The New Generation Catherine House will provide crisis and transitional accommodation alongside longer term social housing for women without homes, many having escaped violent relationships.
More than 60 per cent of women enter Catherine House as a direct result of Domestic and Family Violence (DFV), and more than 70 per cent report that DFV was the reason behind the loss of their permanent home.
The site will offer self-contained units where women for the first time will have private bathroom, kitchen, and laundry facilities suitable for an individual or a small family. New Generation combines accommodation with well-designed and secure shared spaces.
The project will be managed by Housing Choices and Catherine House.
It will also include:
Staff sleep-over accommodation for 24/7 support
On-site Women’s Respite and Recovery Centre
Dedicated education spaces
Craft, cooking and activity areas
Meeting rooms
Large domestic kitchen for shared meals
Computer training space
Secure outdoor garden and BBQ area
Catherine House will continue to provide their holistic approach to support through individual case management, health services, counselling services, education and employment pathways, mental health Support, financial and legal assistance and personal development.
Quotes attributable to Federal Social Services Minister Amanda Rishworth
We know that if a woman has a safe place to go and take her children, she is more likely to take the steps to leave a violent relationship.
No one escaping violence should have to choose between their safety and somewhere to live.
The Albanese Government’s investment in the Safe Places Inclusion Round, through projects like the New Generation Catherine House, will improve access to appropriate emergency accommodation options for victim-survivors who may have otherwise found it difficult to access.
Quotes attributable to Foreign Minister and Senator for South Australia Penny Wong
Over decades, Catherine House has helped so many women experiencing homelessness from across our state to get back on their feet.
As a long-time supporter of Catherine House, I’m proud to be a part of the Labor Governments delivering the next generation of this vital service. This will be transformational for women and children in need, providing a space to live safely and with dignity. It will be a place where they can heal, and where they can grow.
Quotes attributable to Federal Housing Minister Clare O’Neil
Women escaping violence relationship deserve a safe place to call home as it can be the difference between being stuck or being empowered to leave.
I’m proud that this collaboration between the Federal and State Labor Governments and Catherine House will allow so many women and their children to have that safe place to call home and to rebuild their lives.
The Albanese Labor Government’ Social Housing Accelerator is building hundreds of homes for the most vulnerable members of our community right across South Australia.
Quotes attributable to Federal Member for Boothby Louise Miller-Frost
Catherine House is the only homelessness service for unaccompanied women in South Australia and it currently operates from a series of aging and repurposed properties that really make it difficult to provide their vital services.
These new purpose-built facilities will help women to recover and rebuild their lives in safety, and as the former CEO of Catherine House I know how life-changing this will be for so many women.
Quotes attributable to Federal Member for Adelaide Steve Georganas
The Labor Government is committed to ending violence against women and children and ensuring they have a safe place to go when escaping violence.
I welcome the expansion of the crucial services provided by Catherine House to women and children experiencing family and domestic violence when they need it most.
Quotes attributable to South Australian Minister for Housing and Urban Development Nick Champion
This is a critical housing project in the city to support vulnerable women and their children.
We are investing in the state’s future by building more safe, secure and well-connected housing options for South Australians.
Quotes attributable to South Australian Minister for Women and the Prevention of Domestic, Family and Sexual Violence Katrine Hildyard
Domestic, family and sexual violence is the leading cause of homelessness for women with this scourge causing lifelong negative impacts for women’s health, economic security and wellbeing.
The State Government’s commitments to building a New Generation Catherine House will allow this extraordinary organisation to continue supporting women at the most difficult of times in a safe environment that empowers them to traverse a new safer path in which they can thrive.
Quotes attributable to Catherine House Director Julie Duncan
For the first time since Catherine House was established in 1988, this project will deliver new purpose built accommodation, a new service hub and women’s recovery centre.
With the increased accommodation places available, we will be able to do more for South Australian women and their families.
The clan leader was apprehended in Barcelona on 18 October, followed by the arrest of his lieutenant on 22 October. Both were wanted for charges including murder, attempted murder and kidnapping of rival gang members in Serbia, Austria, Germany and Spain.The clan leader was considered one of Europe’s most wanted and dangerous fugitives.The ” VračarClan”, a sub-clan of the “Kavač”…
Headline: 2024 ICPC Challenge Championship Powered by Huawei Concludes in Shenzhen
Oct 25, 2024
[Shenzhen, China, October 25, 2024] ICPC Challenge Championship powered by Huawei (the Championship) just ended in Shenzhen, marking the second consecutive year the event was held in China. The Championship is jointly organized by Huawei and the International Collegiate Programming Contest (ICPC). It brings together top programmers from around the world to discuss solutions to real-world industry problems, as well as key technology trends and future challenges. This year’s event was attended by more than 90 coaches and contestants from 35 countries and regions.
After five hours of intense competition, Japan’s Hirotaka Yoneda won the Championship. Nine other contestants from China, Armenia, Poland and other countries shared second and third prizes.
At the opening ceremony, Zhou Hong, President of Huawei’s Institute of Strategic Research, said: “We will enter an intelligent world within the next 20 to 30 years. This is bringing about unprecedented opportunities, but also creating huge challenges that can only be solved through the joint efforts of bright minds from around the world. Huawei is committed to sharing real-world challenges currently and our hypotheses for the future, opening up our platforms, and working alongside academic and industrial experts and talent, in order to promote major breakthroughs in theoretical research of fundamental science, push the boundaries of application technology, and contribute to a prosperous world.”
Zhou Hong, President of Huawei’s Institute of Strategic Research, at the opening ceremony
The Championship is part of Huawei’s ongoing commitment to opening up research platforms in the device, computing, and connectivity fields. It provides next-generation problem-solvers an opportunity to showcase their talent. Since 2019, Huawei and ICPC jointly organized the ICPC Challenge, which has grown into a major event in the world of programming. In 2023, the first ICPC Challenge Championship powered by Huawei was held. The event is mostly for winners of previous ICPC Challenges as well as outstanding contestants from ICPC regional contests and world finals, providing a networking and competitive platform for top programming talent.
During the Championship competition, contestants had five hours to program a solution to the problem of optimal photo-story matching, which is closely linked to our daily lives. The Championship tested not only contestants’ programming and optimization skills, but also their modeling capabilities and innovative thinking.
A partial view of competitors during the Championship
During the Championship, a range of side activities were organized for participants. For instance, problem designers and contestants from previous competitions shared their experiences. At sessions called Tech Talks, senior Huawei technology leaders shared their insights into technology trends and challenges faced by industries, while encouraging young talent to hone their creativity and potential. Presenters included Huawei Fellow Chen Haibo; Chief Scientist of Huawei Consumer BG, Tian Qi; Media Algorithm Scientist of Huawei HiSilicon, Michael Bi Mi; and Director of Huawei Consumer BG Software Engineering Human Resource Dept., You Jin.
Huawei will continue supporting top international competitions. By designing problems and facilitating technical exchanges, Huawei will help coaches and contestants explore the latest industrial knowledge and challenges, encourage more talented people to engage in innovation, and drive the flow of knowledge and skills worldwide. Ultimately, this will promote global technology and industry development and improve social well-being.
Headline: 2024 ICPC Challenge Championship Powered by Huawei Concludes in Shenzhen
[Shenzhen, China, October 25, 2024] ICPC Challenge Championship powered by Huawei (the Championship) just ended in Shenzhen, marking the second consecutive year the event was held in China. The Championship is jointly organized by Huawei and the International Collegiate Programming Contest (ICPC). It brings together top programmers from around the world to discuss solutions to real-world industry problems, as well as key technology trends and future challenges. This year’s event was attended by more than 90 coaches and contestants from 35 countries and regions.
After five hours of intense competition, Japan’s Hirotaka Yoneda won the Championship. Nine other contestants from China, Armenia, Poland and other countries shared second and third prizes.
At the opening ceremony, Zhou Hong, President of Huawei’s Institute of Strategic Research, said: “We will enter an intelligent world within the next 20 to 30 years. This is bringing about unprecedented opportunities, but also creating huge challenges that can only be solved through the joint efforts of bright minds from around the world. Huawei is committed to sharing real-world challenges currently and our hypotheses for the future, opening up our platforms, and working alongside academic and industrial experts and talent, in order to promote major breakthroughs in theoretical research of fundamental science, push the boundaries of application technology, and contribute to a prosperous world.”
Zhou Hong, President of Huawei’s Institute of Strategic Research, at the opening ceremony
The Championship is part of Huawei’s ongoing commitment to opening up research platforms in the device, computing, and connectivity fields. It provides next-generation problem-solvers an opportunity to showcase their talent. Since 2019, Huawei and ICPC jointly organized the ICPC Challenge, which has grown into a major event in the world of programming. In 2023, the first ICPC Challenge Championship powered by Huawei was held. The event is mostly for winners of previous ICPC Challenges as well as outstanding contestants from ICPC regional contests and world finals, providing a networking and competitive platform for top programming talent.
During the Championship competition, contestants had five hours to program a solution to the problem of optimal photo-story matching, which is closely linked to our daily lives. The Championship tested not only contestants’ programming and optimization skills, but also their modeling capabilities and innovative thinking.
A partial view of competitors during the Championship
During the Championship, a range of side activities were organized for participants. For instance, problem designers and contestants from previous competitions shared their experiences. At sessions called Tech Talks, senior Huawei technology leaders shared their insights into technology trends and challenges faced by industries, while encouraging young talent to hone their creativity and potential. Presenters included Huawei Fellow Chen Haibo; Chief Scientist of Huawei Consumer BG, Tian Qi; Media Algorithm Scientist of Huawei HiSilicon, Michael Bi Mi; and Director of Huawei Consumer BG Software Engineering Human Resource Dept., You Jin.
Huawei will continue supporting top international competitions. By designing problems and facilitating technical exchanges, Huawei will help coaches and contestants explore the latest industrial knowledge and challenges, encourage more talented people to engage in innovation, and drive the flow of knowledge and skills worldwide. Ultimately, this will promote global technology and industry development and improve social well-being.
Press Conference with HE Vjosa Osmani-Sadriu, President of the Republic of Kosovo
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Source: United Kingdom – Executive Government & Departments
A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.
Prime Minister Keir Starmer continues drive on growth during historic first visit to the Pacific
This comes as Australian superannuation fund Aware Super forms a strategic partnership with a British property firm to invest up to £1 billion in UK property
Australian boost builds on the major success of International Investment Summit last week, which included a further £2.4 billion of investment from Down Under
A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.
The boost comes as UK firms break into the New Zealand banking sector, growing jobs in the UK, and expanding their global operations.
Australia’s biggest pension fund, AustralianSuper is also preparing to bolster its international investment team in London, in a major vote of confidence for the UK as a global asset management centre.
The Fund expects to manage £250 billion from its London office by 2035, an increase of more than 10 times over the next decade, from its current management of around £15 billion from its UK base.
The Prime Minister met the CEO of the Australian firm, Paul Schroder, on arrival in Samoa yesterday to discuss the move.
Meanwhile, Aware Super, one of Australia’s top performing and largest profit-for-member superannuation funds, has formed a strategic partnership with Delancey Real Estate to invest up to an initial £1 billion in UK property, further bolstering UK – Australia economic ties.
Its initial focus will be on Central London office sites in prime locations, upgrading and renovating properties to ensure they meet environmental standards and deliver on the partnership’s commitment to reducing carbon emissions in the property market.
Prime Minister Keir Starmer said:
“These investments are a major vote of confidence in the UK, and in this government.
“I am determined to ensure that UK is the best place in the world to invest and do business, so we improve the lives of hardworking people.
“By attracting strong, sustained investment, we will also build the expertise we need to drive innovation, stay ahead of the global game, and support economies around the world with British backed projects.”
AustralianSuper chief executive Paul Schroder said:
“We invest heavily in Australia, but our size requires an increasingly international focus. We are ramping up our investment capabilities in the UK as it is one of the world’s leading gateways to both talent and global markets, which are key for driving future returns for members.
“By 2035 we expect to manage approximately £250 billion of investments from our London hub, which will represent a significant portion of our global portfolio. We have great confidence in the fundamentals of the UK economy and the country’s commitment to global growth.
“This underpins our confidence in the investments we have already made in the UK such as the Canada Water urban regeneration project, London’s King’s Cross Estate, Peel Ports Group and Vantage Data Centers. We also see great potential for new investment opportunities in the energy transition, digital infrastructure, mixed-use estates, transport and logistics.”
Aware Super chief executive Deanne Stewart:
“Aware Super has strong confidence in the UK economy and markets and is pleased to announce a ground-breaking new commercial partnership that will invest up to an initial £1 billion, an exciting milestone that will coincide with the first anniversary of establishing our London Office.”
Meanwhile, UK firms obconnect and Raidiam have been making waves in the New Zealand banking sector, rolling out the British Confirmation of Payee (CoP) system to revolutionise banking in the country, in partnership with the NZ Banking Association.
No other companies are currently able to offer the same service, with the partnership combining specialist expertise of the two British companies to serve as a fulcrum for data sharing and facilitating fraud prevention across any territory.
The deal has allowed the companies to expand their UK operations to more than 250 people.
The win for the British companies come after mobile banking app Revolut broke into the New Zealand market last year. The firm is preparing to expand their operations in the country from 4 FTEs focused on New Zealand investments, to 10 over the next 12 months.
The British business wins coincide with the UK securing CPTPP ratification from Australia in the next step towards accession of the trading bloc – the first non-founding country to do so.
The boost in Australian investment also comes after a string of Australian announcements as part of the government’s International Investment Summit, which attracted more £63 billion of investment into the UK economy and created 38,000 jobs.
They included Australian firms Macquarie supporting investment of £1.3 billion into new green infrastructure and IFM investing more than £1.1 billion through Manchester Airports Group into London Stansted Airport to expand its existing terminal by around a third. The investment will secure new air routes to key business and leisure destinations, boost local supply chains and create 5,000 jobs.
The Prime Minister’s visit to Samoa for the Commonwealth Heads of Government Meeting is the first by a sitting Prime Minister to a Pacific Island. During the summit, the Prime Minister will make the case to build resilient economies across the Commonwealth to unlock growth and investment.
VICTORIA, Seychelles, Oct. 25, 2024 (GLOBE NEWSWIRE) — KuCoin, a leading global crypto exchange, is excited to announce significant enhancements to its options trading service. The upgraded platform introduces European-style options catering to sophisticated traders seeking to optimize their cryptocurrency investments, focusing on major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
The new options trading feature on KuCoin allows for exercises only at the expiration date, however, positions can be closed at any time prior, providing traders with greater flexibility and control over their strategies. This service simplifies options trading by supporting major cryptocurrencies like BTC and ETH and using USDT for all transactional pricing and settlements. Such features underscore KuCoin’s commitment to accessibility and user convenience, making advanced trading tools available to a broader audience.
KuCoin’s options trading service is tailored to maximize capital efficiency, allowing traders to control significant positions with relatively small capital outlays. This presents a substantial leverage opportunity, enhancing the potential for significant returns. Additionally, the design of KuCoin’s options trading platform emphasizes risk mitigation, limiting potential losses to the premiums paid. This feature is particularly crucial in the often volatile cryptocurrency markets, providing traders with much-needed security.
Furthermore, the platform facilitates a variety of strategic trading approaches, including hedging and speculative trading, thereby enhancing users’ ability to manage their investment portfolios effectively. The minimum order size of just 10 USDT makes this innovative trading tool accessible to all traders, ranging from beginners to seasoned professionals.
This launch highlights KuCoin’s ongoing commitment to innovation and its dedication to enhancing the user experience. By providing comprehensive, secure, and user-friendly trading solutions, KuCoin continues to empower its users worldwide, reinforcing its position as a leader in the crypto industry.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
Contact: Eden Gao eden.gao@kucoin.com
Disclaimer: This content is provided by KuCoin. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
Source: United Kingdom – Executive Government & Departments
The Prime Minister met the President of Guyana Mohamed Irfaan Ali at the Commonwealth Heads of Government Meeting.
The Prime Minister met the President of Guyana Mohamed Irfaan Ali at the Commonwealth Heads of Government Meeting.
They reflected on the long-shared history between the two countries and their commitment to a growing economic and trade relationship.
The President updated on Guyana’s new Global Biodiversity Alliance, and they discussed the work the two countries have undertaken on the Forest and Climate Leaders Partnership.
They agreed to continue to look for opportunities to deepen ties on trade, climate finance and biodiversity.
Source: United Kingdom – Prime Minister’s Office 10 Downing Street
A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.
Prime Minister Keir Starmer continues drive on growth during historic first visit to the Pacific
This comes as Australian superannuation fund Aware Super forms a strategic partnership with a British property firm to invest up to £1 billion in UK property
Australian boost builds on the major success of International Investment Summit last week, which included a further £2.4 billion of investment from Down Under
A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.
The boost comes as UK firms break into the New Zealand banking sector, growing jobs in the UK, and expanding their global operations.
Australia’s biggest pension fund, AustralianSuper is also preparing to bolster its international investment team in London, in a major vote of confidence for the UK as a global asset management centre.
The Fund expects to manage £250 billion from its London office by 2035, an increase of more than 10 times over the next decade, from its current management of around £15 billion from its UK base.
The Prime Minister met the CEO of the Australian firm, Paul Schroder, on arrival in Samoa yesterday to discuss the move.
Meanwhile, Aware Super, one of Australia’s top performing and largest profit-for-member superannuation funds, has formed a strategic partnership with Delancey Real Estate to invest up to an initial £1 billion in UK property, further bolstering UK – Australia economic ties.
Its initial focus will be on Central London office sites in prime locations, upgrading and renovating properties to ensure they meet environmental standards and deliver on the partnership’s commitment to reducing carbon emissions in the property market.
Prime Minister Keir Starmer said:
“These investments are a major vote of confidence in the UK, and in this government.
“I am determined to ensure that UK is the best place in the world to invest and do business, so we improve the lives of hardworking people.
“By attracting strong, sustained investment, we will also build the expertise we need to drive innovation, stay ahead of the global game, and support economies around the world with British backed projects.”
AustralianSuper chief executive Paul Schroder said:
“We invest heavily in Australia, but our size requires an increasingly international focus. We are ramping up our investment capabilities in the UK as it is one of the world’s leading gateways to both talent and global markets, which are key for driving future returns for members.
“By 2035 we expect to manage approximately £250 billion of investments from our London hub, which will represent a significant portion of our global portfolio. We have great confidence in the fundamentals of the UK economy and the country’s commitment to global growth.
“This underpins our confidence in the investments we have already made in the UK such as the Canada Water urban regeneration project, London’s King’s Cross Estate, Peel Ports Group and Vantage Data Centers. We also see great potential for new investment opportunities in the energy transition, digital infrastructure, mixed-use estates, transport and logistics.”
Aware Super chief executive Deanne Stewart:
“Aware Super has strong confidence in the UK economy and markets and is pleased to announce a ground-breaking new commercial partnership that will invest up to an initial £1 billion, an exciting milestone that will coincide with the first anniversary of establishing our London Office.”
Meanwhile, UK firms obconnect and Raidiam have been making waves in the New Zealand banking sector, rolling out the British Confirmation of Payee (CoP) system to revolutionise banking in the country, in partnership with the NZ Banking Association.
No other companies are currently able to offer the same service, with the partnership combining specialist expertise of the two British companies to serve as a fulcrum for data sharing and facilitating fraud prevention across any territory.
The deal has allowed the companies to expand their UK operations to more than 250 people.
The win for the British companies come after mobile banking app Revolut broke into the New Zealand market last year. The firm is preparing to expand their operations in the country from 4 FTEs focused on New Zealand investments, to 10 over the next 12 months.
The British business wins coincide with the UK securing CPTPP ratification from Australia in the next step towards accession of the trading bloc – the first non-founding country to do so.
The boost in Australian investment also comes after a string of Australian announcements as part of the government’s International Investment Summit, which attracted more £63 billion of investment into the UK economy and created 38,000 jobs.
They included Australian firms Macquarie supporting investment of £1.3 billion into new green infrastructure and IFM investing more than £1.1 billion through Manchester Airports Group into London Stansted Airport to expand its existing terminal by around a third. The investment will secure new air routes to key business and leisure destinations, boost local supply chains and create 5,000 jobs.
The Prime Minister’s visit to Samoa for the Commonwealth Heads of Government Meeting is the first by a sitting Prime Minister to a Pacific Island. During the summit, the Prime Minister will make the case to build resilient economies across the Commonwealth to unlock growth and investment.
Source: United Kingdom – Prime Minister’s Office 10 Downing Street
The Prime Minister met the President of Guyana Mohamed Irfaan Ali at the Commonwealth Heads of Government Meeting.
The Prime Minister met the President of Guyana Mohamed Irfaan Ali at the Commonwealth Heads of Government Meeting.
They reflected on the long-shared history between the two countries and their commitment to a growing economic and trade relationship.
The President updated on Guyana’s new Global Biodiversity Alliance, and they discussed the work the two countries have undertaken on the Forest and Climate Leaders Partnership.
They agreed to continue to look for opportunities to deepen ties on trade, climate finance and biodiversity.
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The government has created conditions for improving the quality of work of employees of state-owned companies, as well as individual non-profit organizations. An order has been signed establishing an expanded list of indicators for depriving officials and managers of such structures of bonuses if they fail to achieve the established key performance indicators (KPIs).
New grounds for reducing the size of annual bonuses include failure to comply with recommendations related to reducing the level of operating expenses of the organization. The funds freed up by such reduction allow for more effective resolution of tasks defined by national development goals. For failure to achieve the established results of such work, the CEO of the organization may lose 20% of the bonus.
Also, officials and managers who fail to meet the established indicators of the organization’s digital transformation will be subject to a 20% bonus reduction.
In 2021, the Government initiated a reform of development institutions and state-owned companies. The transformations were aimed at making these structures more efficient and reorienting them towards achieving the national development goals approved by the President of Russia.
With regard to state-owned companies, methodological recommendations for the formation of key performance indicators were approved for a more accurate assessment of their activities.
KPIs were divided into two groups: financial, characterizing the profitability of the organization, and industry-specific, related to national development goals.
State-owned companies were required to publish reports on the achievement of key performance indicators, and top managers’ remuneration began to be calculated depending on the achievement of specified parameters.
The document will be published.
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.
The projected private flat supply for the next three to four years is 108,000 units, 1,000 lower than the previous estimate.
The Housing Bureau today said there were 21,000 unsold units in completed projects at the end of September.
There were also 77,000 units under construction, excluding those pre-sold by developers, and 10,000 units from disposed sites where construction may start any time.
The number of flats under construction in the third quarter was 3,900, while 3,800 units were completed during the period.
median consumer inflation perceptions over the previous 12 months and consumer inflation expectations for the next 12 months and for three years ahead all declined;
expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months remained unchanged;
expectations for economic growth over the next 12 months were unchanged, while the expected unemployment rate in 12 months’ time increased;
expectations for growth in the price of homes over the next 12 months increased slightly, while expectations for mortgage interest rates 12 months ahead declined slightly.
Inflation
The median rate of perceived inflation over the previous 12 months declined further in September to 3.4%, from 3.9% in August. Perceptions of past inflation have thus declined by 5.0 percentage points since their peak of 8.4% in September 2023. Median expectations for inflation over the next 12 months declined to 2.4%, from 2.7% previously, and stood at their lowest level since September 2021. Median expectations for inflation three years ahead also declined in September, by 0.2 percentage points to 2.1%, their lowest level since February 2022 (when Russia invaded Ukraine). Inflation expectations at the one-year and three-year horizons remained below the perceived past inflation rate. Uncertainty about inflation expectations over the next 12 months remained unchanged, also at its lowest level since February 2022. While the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups, expectations for lower income quintiles were slightly above those for higher income quintiles. Younger respondents (aged 18-34) continued to report lower inflation perceptions and expectations than older respondents (those aged 35-54 and 55-70), albeit to a lesser degree than previously. (Inflation results)
Income and consumption
Consumer nominal income growth expectations increased to 1.3%, from 1.2% in August. The increase in income expectations continued to be driven by the lowest two income quintiles. Perceptions of nominal spending growth over the previous 12 months remained unchanged at 5.2%. Similarly, expectations for nominal spending growth over the next 12 months remained stable at 3.2%, their lowest level since February 2022. For the first time since March 2023, there was no drop in either perceptions or expectations of nominal spending, while inflation perceptions and expectations both continued on their downward trajectory, which might indicate a positive turning point for real spending. (Income and consumption results)
Economic growth and labour market
Economic growth expectations for the next 12 months were stable in September, standing at -0.9%. Meanwhile, expectations for the unemployment rate 12 months ahead increased to 10.6%, from 10.4% in August. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (10.3%), implying a broadly stable labour market. The lowest income quintile continued to report the highest expected and perceived unemployment rate, as well as the lowest economic growth expectations. (Economic growth and labour market results)
Housing and credit access
Consumers expected the price of their home to increase by 2.8% over the next 12 months, which was slightly higher than in August (2.7%). Households in the lowest income quintile continued to expect higher growth in house prices than those in the highest income quintile (3.4% and 2.5% respectively). Expectations for mortgage interest rates 12 months ahead declined slightly to 4.7%, 0.8 percentage points lower than their peak in November 2023 and the lowest level since September 2022. As in previous months, the lowest income households expected the highest mortgage interest rates 12 months ahead (5.3%), while the highest-income households expected the lowest rates (4.2%). The net percentage of households reporting a tightening (relative to those reporting an easing) in access to credit over the previous 12 months declined, as did the net percentage of those expecting a tightening over the next 12 months. (Housing and credit access results)
The release of the CES results for October is scheduled for 29 November 2024.
For media queries, please contact: Eszter Miltényi-Torstensson, Tel: +49 171 769 5305
The CES is a monthly online survey of, currently, around 19,000 adult consumers (i.e. aged 18 or over) from 11 euro area countries: Belgium, Germany, Ireland, Greece, Spain, France, Italy, the Netherlands, Austria, Portugal and Finland. The main aggregate results of the CES are published on the ECB’s website every month. The results are used for policy analysis and complement other data sources used by the ECB.
The annual growth rate of the broad monetary aggregate M3 increased to 3.2% in September 2024 from 2.9% in August, averaging 2.8% in the three months up to September. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -1.2% in September, compared with ‑2.1% in August. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 9.7% in September from 10.4% in August. The annual growth rate of marketable instruments (M3-M2) decreased to 21.8% in September from 22.3% in August.
Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed -0.8 percentage points (up from -1.4 percentage points in August), short-term deposits other than overnight deposits (M2-M1) contributed 2.8 percentage points (down from 2.9 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (as in the previous month).
Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households increased to 2.8% in September from 2.3% in August, while the annual growth rate of deposits placed by non-financial corporations decreased to 1.6% in September from 1.8% in August. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 11.9% in September from 11.7% in August.
Counterparts of the broad monetary aggregate M3
The annual growth rate of M3 in September 2024, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 3.9 percentage points (down from 4.0 percentage points in August), claims on the private sector contributed 1.1 percentage points (as in the previous month), claims on general government contributed -0.5 percentage points (down from -0.4 percentage points), longer-term liabilities contributed -1.8 percentage points (as in the previous month), and the remaining counterparts of M3 contributed 0.5 percentage points (up from 0.0 percentage points).
Chart 2
Contribution of the M3 counterparts to the annual growth rate of M3
The annual growth rate of total claims on euro area residents stood at 0.5% in September 2024, unchanged from the previous month. The annual growth rate of claims on general government stood at -1.2% in September, compared with -1.1% in August, while the annual growth rate of claims on the private sector stood at 1.2% in September, unchanged from the previous month.
The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) stood at 1.6% in September, compared with 1.5% in August. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 0.7% in September, compared with 0.6% in August, while the annual growth rate of adjusted loans to non-financial corporations increased to 1.1% in September from 0.8% in August.
Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
“Private sector” refers to euro area non-MFIs excluding general government.
Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
