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  • MIL-OSI United Kingdom: Emotions and the law under the spotlight in new research project Understanding where emotions have received legal attention and the reasons behind it is the focus of a new research project involving the School of Law.

    Source: University of Aberdeen

    Photo credit: Katrin BolovstovaUnderstanding where emotions have received legal attention and the reasons behind it is the focus of a new research project involving the School of Law.
    ‘A History of Hurt Feelings and the Law’ will explore when, why and in what contexts people have sought legal redress for injured feelings from the 1750s through to the modern day.
    The four-year study will focus on Scotland, a small jurisdiction with a long and rich history of compensating for hurt feelings. It will combine approaches from law, history of emotions, medical history and legal history, charting how injured feelings have been identified, defined and addressed by courts.
    Dr Alice Krzanich, along with lead investigator Professor Chloë Kennedy at the University of Edinburgh and Professor Katie Barclay from Macquarie University, Australia, will work on the project following a £372,000 funding grant from the Leverhulme Trust.
    The project will explore how socially and culturally-informed ideas of selfhood, wellbeing, dignity and respect have shaped legal processes and examine how class, race and gender have affected litigation and legal decision making.
    “I am hugely excited to be undertaking this project”, says Dr Krzanich. “In law, we often focus on pecuniary remedies and the financial cost of illegal or offensive behaviour. This project though is a chance to consider how the law responds – both now and historically – to more intangible harm in the form of grief, stress, heartbreak, fright or anger. It will thus make an important contribution to the rich and ever evolving field of law and emotions.”
    The project will start in May this year and the team will include a Post-doctoral Research Fellow.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Police update on Storm Éoywn

    Source: Northern Ireland City of Armagh

    The Police Service of Northern Ireland urge the public not to travel and stay indoors during Storm Éoywn.

    Assistant Chief Constable Davy Beck said: “We are now in the red weather warning phase of Storm Éoywn, which will last until 2pm this afternoon. This means there is a significant risk to life and the public should not travel during this time and stay at home.

    “There is currently severe disruption to the road network and overnight we received 70 reports of trees down and other debris on the roads. We expect this number to increase over the course of the day.

    “This is being treated as a major incident and we will continue to work with our partner agencies to assist with this operation, both throughout and after Éowyn passes. I have met with the Strategic Coordination Group and continue to keep the First Minister and deputy First Minister updated.

    “We have additional officers stood up today and will be ready to respond to calls where required. Members of the public should only contact 999 in an emergency.

    “We anticipate serious disruption across our road network, public transport,  health services and other public services. I continue to urge people be prepared and ensure you have emergency lighting such as torches easily accessible in the event of power cuts. Have ready access to additional blankets or sources of warmth in the event your heating supply is disrupted.

    “Our message is clear; do not travel, remain indoors and stay safe.”

    Details of road closures are available on the Traffic Watch NI website: https://orlo.uk/ySHmg

    MIL OSI United Kingdom –

  • MIL-OSI Russia: The digital platform CML-Bench of St. Petersburg Polytechnic University is certified for working with commercial secrets

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The digital platform for the development and application of digital twins CML-Bench®, developed by Peter the Great St. Petersburg Polytechnic University, has received a certificate of compliance with the software security requirements of the Federal Service for Technical and Export Control (FSTEC of Russia) at the sixth level of trust. CML-Bench® is the first digital platform developed by SPbPU to receive a certificate allowing the processing of information with the confidentiality modes “Commercial Secret” and “For Official Use Only”.

    The sixth level of trust allows the platform to be used at significant critical information infrastructure facilities of the third category, in government information systems and as part of automated production and technological process control systems of the third class* of information security, and personal data information systems of the third level** of security.

    *In state information systems, there are three classes of information security, which are determined depending on the level of significance of the information processed in the information system and its scale (federal, regional, facility-based). The first class requires the greatest protection, the third class – the least protection. **When protecting personal data, the third level is the average level of security, which is used for personal data, the leakage of which may harm the data subject, but will not lead to significant risks.

    Thus, in the context of changing legislation in the field of import substitution of software and increasing requirements for software security, the FSTEC of Russia certificate allows using the CML-Bench® digital platform for working with government agencies; government institutions and enterprises; Russian legal entities that own information systems, information and telecommunications networks, automated control systems operating in the field of healthcare, science, transport, communications, energy, as well as state registration of rights to real estate and transactions with it, banking and other areas of the financial market, fuel and energy complex, in the field of nuclear energy, defense, rocket and space, mining, metallurgy and chemical industries.

    To ensure that the CML-Bench® digital platform meets the requirements of the sixth level of trust, specialists from the Advanced Engineering School of SPbPU “Digital Engineering” have developed and implemented a number of microservices in the software that provide protection against unauthorized access to information, implement identification and authentication functions, access control and registration of security events, in accordance with the requirements specified in the document “Information security requirements establishing levels of trust in technical information protection tools and information technology security tools”.

    In particular, authentication services, user rights management, and an LDAP (LDAP) interaction service were implemented. CML-Bench® was also integrated with Keycloak (a program that helps users log into different sites and applications under one account and allows you to manage who has access to what) with CML-Bench®. At the same time, identifiers and object types were output to the log by security event types with the ability to customize the volume of recorded information. Event logging was implemented for all account types. The Circuit Breaker template was successfully implemented and support for CSRF tokens (a security tool in web applications) was added. Healthcheck checks were also added to the new services.

    In March 2023, for the first time in the history of SPbPU, a license was received from the FSTEC of Russia for the development and production of means of protecting confidential information, including software tools for information protection; secure software (software and hardware) means of information processing and software (software and hardware) means of monitoring information security. After that, active work began on the allocation and refinement of the “security module” as part of the Digital Platform for the Development and Application of Digital Twins CML-Bench®. And a year and a half later, an FSTEC certificate was received confirming the compliance of the platform’s security level with the sixth trust level. For us, this is a very important result, since the structural divisions of the Advanced Engineering School of SPbPU “Digital Engineering” implement projects with high-tech companies from various industries that are subjects of critical information infrastructure, – commented Vice-Rector for Digital Transformation of SPbPU, Head of the Advanced Engineering School of SPbPU “Digital Engineering” Alexey Borovkov.

    The refinement of the “security module” as part of the Digital Platform for the Development and Application of Digital Twins CML-Bench® was accompanied by updating the technical documentation and testing.

    Certification tests on a special stand were carried out by the Scientific, Technical and Certification Center for Comprehensive Information Security (JSC Center Atomzashchitainform). As a result of the preparation of the research stand, along with the creation of conditions for testing, the absence of configuration vulnerabilities and signs of malware in the object of assessment, as well as potentially dangerous functional capabilities that appear during the installation and configuration of the object of assessment were checked. As a result, the CML-Bench® digital platform, based on the test results, confirmed the absence of current vulnerabilities and protection against the threat of unauthorized access to information contained in the product; against the threat of unauthorized transfer of information to information and telecommunication networks and other information systems; against the threat of unauthorized receipt of information about the product, as well as its nodes; the threat of denial of service.

    The assessment of the certification test materials for compliance with information security requirements was carried out by the expert commission of the certification body FSTEC of Russia. Based on the expert opinion on the results of comprehensive certification tests of the digital platform for the development and use of digital twins CML-Bench®, a certificate of compliance with information security requirements was issued.

    The certification was carried out on an initiative basis during the implementation of a project to design and create an automated digital engineering system jointly with Greenatom JSC in a subsidiary of TVEL JSC — CentroTech-Engineering LLC for further replication in the structures of TVEL JSC and Rosatom State Corporation.

    For reference:

    The CML-Bench® digital platform is a digital platform for the development and application of digital twins of both high-tech industrial products and goods, as well as technological and production processes for their manufacture, a system for managing activities in the field of system digital engineering. Since 2006, the CML-Bench® digital platform has been developed by employees of the Engineering Center (CompMechLab®) “Computer Engineering Center” of SPbPU and employees of the Computational Mechanics Laboratory LLC (CompMechLab®).

    The CML-Bench® Digital Platform is used to develop projects for high-tech industries: engine building, power engineering, nuclear, oil and gas, special and railway engineering, aircraft and helicopter engineering, including unmanned aerial vehicles, automotive engineering, including electric transport, shipbuilding and shipbuilding, as well as marine engineering, nuclear energy, fuel and energy complex, medicine, high-performance sports, etc.

    At the end of 2022, the CML-Bench® platform was deployed on the servers of Centrotech-Engineering LLC (part of the control circuit of the TVEL fuel company of the Rosatom State Corporation) as part of the project to create an automated digital engineering system. And in 2023, specialists from the Advanced Engineering School “Digital Engineering” of SPbPU developed a software module that allows for the seamless transfer of engineering data from one of the most popular PLM systems (engineering data and production process management systems) Teamcenter by Siemens to the CML-Bench® digital platform. The CML-Bench® digital platform formed the basis for the URANIA data and process management system for computational and experimental scientific research, used at the enterprises of the Rosatom State Corporation.

    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: Dmitry Gomonov: “My first orders were the cruiser Aurora and the icebreaker Krasin”

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Head of the Production Preparation Bureau of the Chief Technologist’s Department of the Kronstadt Marine Plant Dmitry Gomonov graduated from the Polytechnic in 2014. But he still maintains ties with his alma mater. The graduate of the Institute of Mechanical Engineering, Materials and Transport is one of the Polytechnic ambassadors, an active participant in all “ambassadorial” events. At meetings with current students, he talks so enthusiastically about the Kronstadt Plant, about the ships and the fleet that it is clear to everyone that the man has found his calling. And his experience can help others find their place in life.

    Interview with Dmitry Gomonov Read in our special project “Persona”.

    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 Europe: Jubilee 2025: Undersecretary of State Mantovano chairs coordination meeting with the Umbria Region

    Source: Government of Italy (English)

    A coordination meeting with the Umbria Region regarding the 2025 Jubilee of the Catholic Church was held at Palazzo Chigi today, chaired by Undersecretary of State to the Presidency of the Council of Ministers Alfredo Mantovano.

    Undersecretary of State Mantovano highlighted that the purpose of the discussion was “to concretely link the Jubilee with celebrations and events involving the Umbria Region, in particular the 800th anniversary of the Canticle of the Creatures in 2025 and of the death of St. Francis of Assisi in 2026, as well as the canonisation of Carlo Acutis, whose remains rest in Assisi, which will take place on 27 April”.

    The President of the Umbria Region, Stefania Proietti, stressed the importance of this opportunity for cooperation, considering also the growing interest in the area of Umbria in terms of visitor numbers.

    Among the speakers and participants at the meeting were: the Special Government Commissioner for the Jubilee, Roberto Gualtieri; the Pro-Prefect of the Holy See’s Dicastery for Evangelization, Monsignor Rino Fisichella; the Mayor of Perugia, Vittoria Ferdinandi; the Mayor of Terni, Stefano Bandecchi; the Deputy Mayor of Assisi, Valter Stoppini; the Chair of the Committee for the eighth centenary of St. Francis, Davide Rondoni; the Head of the Civil Protection Department, Fabio Ciciliano; the head of hospitality service coordination for the Jubilee 2025, Agostino Miozzo; and, representatives from the Ministries and institutions involved. Today’s meeting will be immediately followed by an operational working group.

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: Union Minister of Housing & Urban Affairs, Government of India inaugurated projects developed by Karimnagar Smart City

    Source: Government of India

    Union Minister of Housing & Urban Affairs, Government of India inaugurated projects developed by Karimnagar Smart City

    Karimnagar Smart City is implementing 50 projects worth ₹ 1,117 cr, out of which they have already completed 36 projects worth ₹ 233 cr.

    53 Smart Classrooms developed in the govt schools in Karimnagar, social infrastructure for students developed in 23 govt schools.

    Over 1 lakh metric tons of legacy waste processed under the Karimnagar Smart City

    Posted On: 24 JAN 2025 4:28PM by PIB Delhi

    Union Minister of Housing & Urban Affairs visited Karimnagar Smart City on 24th January and inaugurated 4 prominent projects working in the sector of education, solid waste management and social infrastructure.

    Projects Inaugurated by Hon’ble Minister

    • Development of Dr. B.R. Ambedkar Stadium: This ₹22 crore project includes a commercial complex, renovation of the indoor hall, modern toilets, parking area, and landscaping, providing an inclusive space for recreation and sports.
    • Multi-purpose School Park: Spread over 5.96 acres, this ₹12.35 crore park has a walking track, musical fountain, and recreational facilities, providing a vibrant public space for families.
    • 24×7 Water Supply: This ₹18 crore initiative has introduced a new water distribution network in the Housing Board Colony, increasing efficiency and accessibility in water management for residents.
    • Social Infrastructure in Schools and smart classrooms in govt schools: Renovations carried out at a cost of ₹9.20 crore, such as construction of toilet blocks, compound walls, borewells, and sports facilities, ensure a better learning environment for students in 27 govt schools. Also, smart classrooms developed in 53 govt schools in Karimnagar to enhance the learning methodology in the city.

    Karimnagar Smart City has implemented 50 projects worth ₹1,117 crore. Of these, 36 projects worth ₹884 crore have been completed, and 14 projects worth ₹233 crore are under implementation. These initiatives contribute to key areas such as smart mobility, water supply, sanitation, and social infrastructure. These projects from Karimnagar Smart City are multi-sectoral projects working towards enhancing the ease of living for the citizens. Under the mission, various multi-sectoral projects were developed such as projects worth ₹ 480 cr in Smart Mobility, ₹ 402 cr in Water Supply and Sanitation, etc.

    Smart classrooms have been developed in 53 government schools, and improved infrastructure and sports facilities have been provided in 27 schools. These efforts ensure a modern learning environment for students and empower them with e-learning tools. Over 1 lakh metric tons of legacy waste has been processed under the bio-mining project, reflecting the city’s commitment to environmental sustainability. Dr. B.R. Ambedkar Stadium has been transformed into a world-class sports facility, with structures including cycle tracks, skating rinks, basketball courts and parking areas, among others.

    Many officials from the Smart City and the Director, MoHUA was also present during the inauguration.

    Launched in 2015 Smart Cities Mission aims to enhance the ease of living in our 100 cities and strengthen our economy through ease of doing business. These projects will play an important role in the sustainable development of our cities. These 100 smart cities are constantly making efforts to use technology for better urban management.

    ***

    JN/ SK

    (Release ID: 2095823) Visitor Counter : 49

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 26th Webinar of the National Good Governance Webinar Series 2024-25 under the theme ‘Har Ghar Jal Yojana’ held on 24thJanuary 2025 for dissemination and replication of best practices

    Source: Government of India

    26th Webinar of the National Good Governance Webinar Series 2024-25 under the theme ‘Har Ghar Jal Yojana’ held on 24thJanuary 2025 for dissemination and replication of best practices

    Presentations made on initiatives taken by the Bathinda District, Punjab and Serchhip District, Mizoram to a national audience

    Posted On: 24 JAN 2025 4:21PM by PIB Delhi

    The Prime Minister has directed Department of Administrative Reforms & Public Grievances (DARPG) to hold virtual conferences/ webinars with District Collectors and other officers in which past award winners of PM’s Awards for Excellence in Public Administration be invited to present their experiences with the objective of greater dissemination and replication.

    In pursuance of the Prime Minister’s directions, the DARPG has conducted 25 National Good Governance Webinars, one Webinar every month, since April, 2022 to encourage dissemination and replication of the award-winning nominations under the Scheme of Prime Minister’s Award for Excellence in Public Administration. Each webinar is attended by about 1000 officials from Line Departments, State Governments, District Collectors, State Administrative Training Institutes and Central Training Institutes.

    These webinars not only present the current status of institutionalisation/sustainability of the initiative, but also provides insights into the status of its replication/expansion.

    The 26th Webinar was held on the 24th January 2025in which two initiatives, shortlisted by the Expert Committee for the PM’s Award for the year 2022, under the theme ‘Har Ghar Jal Yojana’, namely;

    1. Initiative in Bathinda District was presented by Shri Showkat Ahmad Parray, Deputy Commissioner, Bathinda, Punjab;and
    2. Initiative in Serchhip District was presented by Smt. Nazuk Kumar, ATI, Mizoram.

    The Webinar was chaired by Shri Puneet Yadav, Additional Secretary, DARPG and was attended by senior officers of the Department. The Webinar was attended from more than 450 locations across India with Senior Officials of Administrative Reforms Departments of States/UTs, District Collectors, State and District officers, Officers of Central and State Administrative Training Institutes.

    ****

    NKR/PSM

    (Release ID: 2095815) Visitor Counter : 82

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Special traffic arrangements during Lunar New Year

    Source: Hong Kong Government special administrative region

    　　Police will implement special traffic arrangements in various districts to facilitate the public to celebrate the festive season.

    Hong Kong Island
    —————-

         The following arrangements will be implemented by phases on January 28, until the roads are safe for re-opening:

    A.    Road closure

         The following roads will be closed:

    From 4pm to 7am of the following day:

    – Sugar Street; and
    – Northbound Gloucester Road between Causeway Road and Great George Street.

    From 7.30pm to 7am of the following day:

    – Great George Street between Paterson Street and Gloucester Road;
    – Kingston Street;
    – Paterson Street; and
    – Cleveland Street.

         Depending on traffic and crowd conditions, the road closure area may be extended from 8pm to the following roads:

    – Southbound Gloucester Road between Cleveland Street and Causeway Road;
    – Northbound Gloucester Road between Gloucester Road Flyover and Victoria Park Road;
    – Hing Fat Street between Causeway Road and Lau Li Street, except for franchised buses and green minibuses (GMB);
    – Electric Road between Yacht Street and Hing Fat Street;
    – Eastbound Hennessy Road between Percival Street and Yee Wo Street, eastbound Yee Wo Street between Hennessy Road and Causeway Road, eastbound Causeway Road between Yee Wo Street and Tung Lo Wan Road, and westbound Causeway Road between Tung Lo Wan Road and Moreton Terrace, except for franchised buses, GMB and trams.

    B.    Pedestrian precincts

         The following road sections will be designated as pedestrian precinct from noon on January 28 to 7am of the following day:

    – Lockhart Road between Cannon Street and East Point Road;
    – East Point Road; and
    – Great George Street between East Point Road and Paterson Street.

    C.    Prohibition to learner drivers
     
         Learner drivers cannot use the following roads from 4pm on January 28 to 8am of the following day:

    – Leighton Road;
    – Tin Lok Lane;
    – Caroline Hill Road;
    – Eastern Hospital Road;
    – Tai Hang Road north of Lai Tak Tsuen Road;
    – Tung Lo Wan Road;
    – Electric Road south of Gordon Road;
    – Morrison Hill Road north of Queen’s Road East;
    – Hennessy Road;
    – Yee Wo Street;
    – Causeway Road;
    – King’s Road;
    – Gloucester Road Service Road;
    – Hing Fat Street;
    – Westbound Tin Hau Temple Road west of Cloud View Road; and
    – Eastbound Wan Chai Road.

    D.    Suspension of parking spaces and car parks

    – All on-street parking spaces on Lau Li Street between Hing Fat Street and Ngan Mok Street and disabled parking spaces on northbound Gloucester Road near Sugar Street will be suspended from 8am on January 28 to 7am of the following day;
    – All on-street parking spaces on Tung Lo Wan Road will be suspended from 8pm on January 28 to 7am of the following day; and
    – All parking spaces at Hing Fat Street Public Car Park will be suspended from 8am on January 28 to 7am of the following day.

         All car parks within the above closed road areas will be suspended and vehicles will not be allowed to enter or exit the car parks, until the roads are safe for re-opening.

    E.    Suspension of public transport interchange

         Tin Hau Station Public Transport Interchange will be suspended from 6pm on January 28.

    Kowloon
    ——–

    (1)    Wong Tai Sin Temple

         The following arrangements will be implemented from 6pm on January 28 to 7pm on January 29, from 7am to 7pm daily from January 30 to February 3, and from February 8 to February 9 to facilitate traffic and crowd control at Wong Tai Sin Temple during Lunar New Year:

    A.    Road closure

         The following roads will be closed:

    – Shatin Pass Road between Lung Cheung Road and Fung Tak Road, except for GMBs and designated vehicles; and
    – The unnamed road connecting Wong Tai Sin Temple and Wong Tai Sin Road, except for designated vehicles.

    B.    Traffic control

         All vehicles will be prohibited from parking or waiting at Wong Tai Sin Road (both directions) between Shatin Pass Road and Nga Chuk Street.

    (2)    Cheung Sha Wan

         All metered parking spaces in Hang Cheung Street will be suspended from 8am on January 26 to 7am on January 29.

         All vehicles will be prohibited from parking or waiting on Fortune Street, Hang Cheung Street and Fat Tseung Street from 10am on January 26 to 7am on January 29, except for picking up/setting off passengers and loading/unloading goods.

    (3)    Sham Shui Po Kwan Tai Temple

         Depending on traffic and crowd conditions, the following arrangements will be implemented from 11am to noon on January 30:

    A.    Road closure

         The following roads will be intermittently closed:

    – Wong Chuk Street between Yu Chau Street and Cheung Sha Wan Road;
    – Apliu Street between Nam Cheong Street and Wong Chuk Street;
    – Southbound Nam Cheong Street between Cheung Sha Wan Road and Hai Tan Street;
    – Hai Tan Street between Nam Cheong Street and Boundary Street;
    – Yee Kuk Street between Boundary Street and Shek Kip Mei Street; and
    – Shek Kip Mei Street between Yee Kuk Street and Apliu Street.

    B.    Traffic diversions

         Vehicles heading for southbound Nam Cheong Street and southbound Shek Kip Mei Street will be diverted via southbound Yen Chow Street and eastbound Lai Chi Kok Road.

    (4)    Mong Kok Fa Hui Park

    A.    Road closure

         The third lane of southbound Tai Hang Tung Road between Tat Chee Avenue and Boundary Street will be closed from 9am on January 23 to 8am on January 29.

    B.    Suspension of parking spaces

         The following parking spaces will be suspended from 8am on January 26 to 8am on January 29:

    – Metered parking spaces on Tong Yam Street (meter no. 9607 and 9608);
    – All metered and motorcycle parking spaces on Duke Street between Embankment Road and Knight Street;
    – All motorcycle parking spaces on Knight Street near its junction with Duke Street;
    – Metered parking space on Belfran Road (meter no. 13413); and
    – All metered parking spaces on Lincoln Road between Cumberland Road and Waterloo Road.

    (5)    Kwun Tong Recreation Ground

    A.    Road closure

         Kai Lim Road will be closed from 8pm on January 26 to 2am of the following day, from 3pm on January 27 to 2am of the following day, and from 3pm on January 28 to 4am of the following day.

         Fuk Ning Road and Fuk Tong Road will be closed from 3pm on January 27 to 2am of the following day, and from 3pm on January 28 to 4am of the following day.

    B.    Suspension of parking spaces

         The metered parking spaces, motorcycle parking spaces and disabled parking space on Kai Lim Road will be suspended from 8am on January 26 to 4am on January 29.

    (6)    Kwun Tong Hoi Bun Road

         The following parking spaces will be suspended from noon on January 30 to 1am of the following day:

    – All metered parking spaces on Hoi Bun Road;
    – Two disabled parking spaces on eastbound Hoi Bun Road near Hoi Bun Road Park; and
    – Ten motorcycle parking spaces on westbound Hoi Bun Road near Kwun Tong Promenade.

    New Territories
    —————

    (1)    Tsuen Wan

    A.    Road closure

         The following roads will be closed daily from 3pm to 5am of the following day on January 27 and January 28:

    – Kai Hong Close;
    – Kai Chi Close;
    – Hoi Pa Street between its junction with Lo Tak Court and Tai Ho Road.

    B.    Suspension of parking spaces

         The motorcycle parking spaces at Kai Hong Close will be suspended daily from 3pm to 5am of the following day on January 27 and January 28.

    (2)    Sheung Shui

    A.    Pedestrian precincts

        The following road sections will be designated as pedestrian precincts from 11am to 7pm daily on January 27 and January 28, during which all vehicles will be prohibited, except for vehicles with permit:

    – San Kung Street; and
    – San Hong Street between Tsun Fu Street and Fu Hing Street.

    B.    Road closure

        To facilitate the Lunar New Year Fair at Shek Wu Hui in Sheung Shui, the following roads will be closed from 6pm on January 28 to 4am of the following day, except for vehicles with permit:

    – San Lok Street, except for access to Pearl Vista;
    – San Tsoi Street; and
    – Fu Hing Street between San Hong Street and San Tsoi Street.

    C.    Suspension of parking spaces

    – The metered parking spaces (meter no. 25343A/B, 25342 A/B, 25341A and 25344B) at San Hong Street will be suspended from 11am to 7pm daily on January 27 and January 28; and
    – The motorcycle parking spaces on San Lok Street will be suspended from 6pm on January 28 to 4am of the following day.

    (3)    Tuen Mun

    A.    Road closure

         The following roads will be intermittently closed from 6pm to 2am of the following day on January 27, and 6pm to 7am of the following day on January 28, except for vehicles with permit:

    – Tin Hau Road;
    – San Hop Lane;
    – Hung Cheung Road from its junction with Tin Hau Road to its southern junction with San Ping Circuit;
    – Southbound Hung Cheung Road between its northern and southern junction with San Ping Circuit;
    – San On Street from its southern junction with Hung Cheung Road to a point about 50 metres north of the same junction; and
    – Hing Wong Street from its junction with Hung Cheung Road to a point about 50 metres north of the same junction.

    B.    Cycle track closure

         The cycle track along the western riverside of Tuen Mun River Channel between Pui To Road and Yau Oi Bridge will be closed from 6pm to 2am of the following day on January 27, and 6pm to 7am of the following day on January 28.

    C.    Traffic diversions

         The following traffic diversions will be intermittently implemented from 6pm to 2am of the following day on January 27, and 6pm to 7am of the following day on January 28, except for vehicles with permit:

    – Traffic along Yip Wong Road cannot turn to northbound Tin Hau Road;
    – Traffic along southbound Tin Hau Road cannot turn to Hung Cheung Road; and
    – Hung Cheung Road between its northern and southern junction with San Ping Circuit will be re-routed one-way northbound.

    D.    Suspension of parking spaces

         The overnight on-street parking spaces on the following roads will be suspended from 6pm to 2am of the following day on January 27, and 6pm to 7am of the
    following day on January 28, except for vehicles with permit:

    – Tin Hau Road; and
    – Hung Cheung Road from its junction with Tin Hau Road to its southern junction with San Ping Circuit.

    (4) Kwai Tsing

         The metered parking spaces and disabled parking spaces on Ko Fong Street will be suspended from 2pm on January 28 to 8am on January 29.

    (5)    Tai Po

         The cycle track on Ting Kok Road between Ting Tai Road and On Chee Road will be closed from 6pm on January 28 to 6am on January 29.

    (6)    Sha Tin

         The following traffic diversions will be implemented daily from 5pm to 1am of the following day on January 27 and January 28, except for vehicles with permit:

    – Fung Shun Street between Wo Che Street and Tak Hau Street will be re-routed one-way northbound. Vehicles will be diverted via eastbound Tak Hau Street, southbound Yuen Wo Road and westbound Wo Che Street; and
    – Traffic along Tak Hau Street cannot go straight to Sha Tin Sports Ground Car Park.

    (7) Tseung Kwan O

         The parking spaces on Wan Lung Road will be suspended from 7am on January 28 to 7am on January 29.

         A temporary vehicle pick-up and drop-off point will be set up at Hok Lam Lane from 7am on January 28 to 7am on January 29.

         Police will continue to enforce traffic regulations during the Lunar New Year period. All vehicles parked illegally during the implementation of the above special traffic arrangements will be towed away without prior warning, and may be subject to multiple ticketing.  

         Police will implement the above arrangements depending on the traffic and crowd conditions in the areas. Members of the public are advised to exercise tolerance and patience and take heed of instructions of the Police on site.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 15 persons arrested during anti-illegal worker operations (with photos)

    Source: Hong Kong Government special administrative region

    15 persons arrested during anti-illegal worker operations (with photos)
    15 persons arrested during anti-illegal worker operations (with photos)
    ************************************************************************

         The Immigration Department (ImmD) mounted a series of territory-wide anti-illegal worker operations codenamed “Twilight”, joint operations with the Hong Kong Police Force codenamed “Champion” and “Windsand”, and joint operations with the Labour Department to combat illegal employment activities at Lunar New Year fairs for four consecutive days from January 20 to yesterday (January 24). A total of 10 suspected illegal workers, four suspected employers and one suspected aider and abettor were arrested.           During the anti-illegal worker operations, ImmD Task Force officers raided eight targeted locations including residential buildings, restaurants and retail shops. Four suspected illegal workers and two suspected employers were arrested. The arrested suspected illegal workers comprised one man and three women, aged 39 to 52. Among them, one woman was a holder of recognisance form, which prohibits her from taking any employment. One man and one woman, aged 53 and 59, who were suspected of employing the illegal workers, were also arrested.           During operation “Champion”, enforcement officers raided 15 target locations in Central district. Four suspected illegal workers and one suspected employer were arrested. The arrested suspected illegal workers comprised four women, aged 36 to 42. One man, aged 54, was suspected of employing the illegal workers and was also arrested.           Furthermore, during the anti-illegal worker operations at various Lunar New Year fairs, enforcement officers raided several stalls at  events. Two suspected illegal workers, one suspected employer and one suspected aider and abettor were arrested. The arrested suspected illegal workers comprised two women, aged 30 and 34. One woman, aged 37, was suspected of employing the illegal workers. One woman, aged 35, who was suspected of aiding and abetting a person who breached the condition of stay in Hong Kong was also arrested. Apart from mounting enforcement operations, ImmD officers and a promotional vehicle have been deployed to distribute “Don’t Employ Illegal Workers” leaflets and convey the message to stall owners.       An ImmD spokesman said, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.”           The spokesman warned, “As stipulated in section 38AA of the Immigration Ordinance, an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land is prohibited from taking any employment, whether paid or unpaid, or establishing or joining in any business. Offenders are liable upon conviction to a maximum fine of $50,000 and up to three years’ imprisonment.”           The spokesman reiterated that it is a serious offence to employ people who are not lawfully employable. Under the Immigration Ordinance, the maximum penalty for an employer employing a person who is not lawfully employable, i.e. an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land, has been significantly increased from a fine of $350,000 and three years’ imprisonment to a fine of $500,000 and 10 years’ imprisonment to reflect the gravity of such offences. The director, manager, secretary, partner, etc, of the company concerned may also bear criminal liability. The High Court has laid down sentencing guidelines that the employer of an illegal worker should be given an immediate custodial sentence.           According to the court sentencing, employers must take all practicable steps to determine whether a person is lawfully employable prior to employment. Apart from inspecting a prospective employee’s identity card, the employer has the explicit duty to make enquiries regarding the person and ensure that the answers would not cast any reasonable doubt concerning the lawful employability of the person. The court will not accept failure to do so as a defence in proceedings. It is also an offence if an employer fails to inspect the job seeker’s valid travel document if the job seeker does not have a Hong Kong permanent identity card. Offenders are liable upon conviction to a maximum fine of $150,000 and to imprisonment for one year. In that connection, the spokesman would like to remind all employers not to defy the law by employing illegal workers. The ImmD will continue to take resolute enforcement action to combat such offences.           Under the existing mechanism, the ImmD will, as a standard procedure, conduct an initial screening of vulnerable persons, including illegal workers, illegal immigrants, sex workers and foreign domestic helpers, who are arrested during any operation with a view to ascertaining whether they are trafficking in persons (TIP) victims. When any TIP indicator is revealed in the initial screening, the ImmD officers will conduct a full debriefing and identification by using a standardised checklist to ascertain the presence of TIP elements, such as threats and coercion in the recruitment phase and the nature of exploitation. Identified TIP victims will be provided with various forms of support and assistance, including urgent intervention, medical services, counselling, shelter or temporary accommodation and other supporting services. The ImmD calls on TIP victims to report crimes to the relevant departments immediately.

     
    Ends/Friday, January 24, 2025Issued at HKT 19:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: IAEA Work Central at World Economic Forum in Davos

    Source: International Atomic Energy Agency – IAEA

    “The work of the IAEA is at the centre of the debates. In particular, the nexus between nuclear energy and artificial intelligence has attracted a lot of attention,” the Director General said in Davos.  

    The IAEA held a session on nuclear’s role in meeting energy demands for artificial intelligence (AI), with experts from Bloomberg and technology venture capitalists DCVC. “Big tech needs nuclear to power energy-intensive AI data centres,” explained Mr Grossi.  

    A major event was also held on tripling nuclear energy, and the need for standardization, regulation, financing and collaboration in scaling up nuclear.  

    The Director General met with multiple world leaders to discuss development, energy and world peace, including Panama’s President Jose Raul Mulino, Israel’s President Isaac Herzog, Austria’s Chancellor Alexander Schallenberg and Flanders’ Minister-President Matthias Diependaele.  

    Mr Grossi and Mr Mulino engaged on the IAEA’s Atoms4Food programme, as well as improving cancer care with the IAEA’s Rays Of Hope programme. “The IAEA is proud to stand with Panama in building a healthier, more resilient future for its people,” the Director General said. 

    The IAEA’s work on health, food and nutrition was a focus of multiple high-level dialogues. For example, Mr Grossi met with Viet Nam’s Minister of Science and Technology Huynh Thanh Dat to discuss the drought-tolerant, high-yield rice varieties that were developed with IAEA support, and with the CEO of Anglo American, Duncan Wanblad, on progress on a joint research project to fight soil salinity and advance sustainable farming practices. 

    Another key topic for the week was international security, particularly the IAEA’s role in ensuring nonproliferation worldwide. 

    The Director General was a speaker at the World Economic Forum’s Rubik’s Cube of Global Security, where he addressed pressures on nonproliferation amid rising geostrategic tensions, alongside Finland’s President Alexander Stubb, Libya’s Prime Minister Abdulhamid AlDabaiba, the International Crisis Group, Comfort Ero, Harvard Kennedy School’s Meghan O’Sullivan, and Foreign Affairs Magazine’s Dan Kurtz-Phelan. 

    Watch the recording of the session here.  

    The Director General was also active in closed sessions on artificial intelligence and sustainable energy in Latin America with leaders of the region, as well as an event on growing the African economy with leaders from the continent. 

    “The mission and the importance of the IAEA continue to grow. This is why we are here in Davos,” concluded the Director General. 

    MIL Security OSI –

  • MIL-OSI: B2TRADER 2.2: C-Book Routing, Custom Markups, and Improved Mobile Trading

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Jan. 24, 2025 (GLOBE NEWSWIRE) — B2BROKER has rolled out a major update for B2TRADER, its multi-asset and multi-market trading platform. The latest version, B2TRADER 2.2, introduces key improvements that enhance order execution, risk management, and trading flexibility.
    This update includes the new C-Book order routing system, customisable markups, and the ability to connect multiple liquidity providers for a single asset type. Additionally, traders now have access to upgraded mobile apps for iOS and Android, ensuring a seamless experience across all devices.

    C-Book: More Control Over Order Execution

    B2TRADER 2.2 introduces C-Book, a new execution model that works alongside A-Book and B-Book. With this feature, brokers can decide how each order is handled—whether routed externally to liquidity providers or processed internally through B-Book.

    A new reporting system in the admin panel gives brokers complete transparency over executed orders, helping them manage risks more effectively. The C-Book model also helps reduce trading costs by optimising the use of liquidity providers.

    Custom Markups for Flexible Pricing

    With the latest update, brokers gain greater control over pricing strategies. B2TRADER 2.2 allows them to apply commissions, markups, or both, tailored to different trading conditions and client needs.

    Brokers can also create customised price streams, granting specific traders or groups access to different market conditions. This flexibility makes it easier to offer competitive and personalised trading options.

    Better Risk Management with Multiple Liquidity Providers

    Now, brokers can integrate multiple liquidity providers within B2TRADER, ensuring more stable and competitive trading conditions.

    Using multiple providers improves market depth, speeds up order execution, and minimises risks associated with reliance on a single provider. If one provider experiences issues, the platform automatically routes orders through another, ensuring uninterrupted trading.

    New Trading Tools: Take Profit, Stop Loss & Trailing Stops

    B2TRADER 2.2 introduces essential risk management tools that give traders more control over their positions. The update includes:

    • Take Profit: Automatically closes a position when a profit target is reached.
    • Stop Loss: Helps limit losses by closing a position at a predefined level.
    • Trailing Stop: Adjusts the stop level dynamically as the market moves in the trader’s favour.

    These tools allow traders to execute strategies more effectively, even when they’re not actively monitoring the markets.

    “At B2BROKER, we aim to stay ahead of the curve and empower brokers with innovative solutions that align with the rapidly evolving market needs. With B2TRADER 2.2, we remain committed to enabling our clients to thrive in a competitive environment while reflecting where the market is headed—towards greater customisation, advanced risk management, and unparalleled accessibility.

    We are proud to continue driving innovation that helps our clients succeed in an increasingly complex trading environment.”

    Mark Speare, Chief Client Officer at B2BROKER

    Enhanced Mobile Trading on iOS & Android

    Mobile trading has been significantly improved with the latest update. The upgraded apps for iOS and Android provide a full-featured trading experience, ensuring traders can access their accounts, monitor positions, and place orders easily from anywhere.

    Among the key features of the updated B2TRADER mobile app are:

    • User-Friendly Interface: The app mirrors the desktop experience, making trading on mobile simple and intuitive.
    • Access Anytime, Anywhere: Traders can manage their portfolios on the go without any limitations.
    • All-in-One Trading Platform: The mobile app supports complex order types, real-time chart analysis, and performance tracking.

    What’s Next for B2TRADER?

    B2BROKER continues to improve its multi-asset and multi-market trading platform with new features and enhancements. With B2TRADER 2.2, brokers and traders can take advantage of smarter execution models, flexible pricing strategies, and a seamless mobile trading experience.

    In the near future, the platform will introduce support for perpetual futures trading, expanding its already robust offerings, which include CRYPTO SPOT, Forex, and CFDs.

    Contact Details:

    Ketevan Julukhadze
    mail@b2broker.net

    Disclaimer: This content is provided by “B2BROKER”. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d2e93a41-e30f-4b05-9257-60cebf01ed6b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/761fd664-5a11-4fc2-9963-7c1ea24fafd1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/228625b6-fcf5-433d-a5a5-c7bf49a8dae6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/662971f7-d125-48c9-98d1-ff3b4738542e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a380ff8d-5090-46e9-812f-0c0ef270c1bc

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7ef8ed23-7751-4b3e-91f7-e93b93da8caf

    The MIL Network –

  • MIL-OSI: Written resolution passed – approved amendments to the senior secured callable bond terms

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 24 January 2025

    Reference is made to the announcement published by Interoil Exploration and Production ASA (the “Company“) on 17 January 2025 regarding summons for a written resolution with respect to the Company’s senior secured callable bonds with ISIN NO 001 0729908 (the “Bonds“).

    The written resolution in respect of the Bonds has been resolved and approved by the Company’s bondholders. Please see the attached notice on the written resolution for further information.

    The notice of the written resolution will be made available on http://www.stamdata.no (http://www.stamdata.no).

    Please direct any further questions to: ir@Interoil.no (mailto:ir@Interoil.no)

    ***

    Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina with headquarter in Oslo.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

    Attachment

    The MIL Network –

  • MIL-OSI Russia: Financial news: 01/24/2025, 13-37 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the PIKK (PIK ao) security were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    01/24/2025 13:37

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on 24.01.2025, 13-37 (Moscow time), the values of the upper limit of the price corridor (up to 774.4) and the range of market risk assessment (up to 839.55 rubles, equivalent to a rate of 25.0%) of the PIKK security (PIK JSC) 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 access to What the Source Is Stating and Does Not Reflect

    https://www.moex.com/n77118

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 01/24/2025, 12-15 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A0JT6B2 (VEB.RF 19) were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    01.24.2025 12:15

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC) on 24.01.2025, 12-15 (Moscow time), the values of the lower limit of the price corridor (up to 92.97) and the range of market risk assessment (up to 941.92 rubles, equivalent to a rate of 7.5%) of the security RU000A0JT6B2 (VEB.RF 19) 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/n77113

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 01/24/2025, 11-26 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RASP (Raspadskaya) security were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    01.24.2025 11:26

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC) on 24.01.2025, 11-26 (Moscow time), the values of the upper limit of the price corridor (up to 332.2) and the range of market risk assessment (up to 355.418 rubles, equivalent to a rate of 25.5%) of the RASP (Raspadskaya) 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 access to What the Source Is Stating and Does Not Reflect

    https://www.moex.com/n77110

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 01/24/2025, 10:39 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RASP (Raspadskaya) security were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    01.24.2025 10:39

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC) on 24.01.2025, 10-39 (Moscow time), the values of the upper limit of the price corridor (up to 320.15) and the range of market risk assessment (up to 343.382 rubles, equivalent to a rate of 21.25%) of the RASP (Raspadskaya) 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: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 01/24/2025, 10:21 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A105DN0 (FSK RS BO6) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    01/24/2025 10:21

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 24.01.2025, 10-21 (Moscow time), the values of the upper limit of the price corridor (up to 100.45) and the range of market risk assessment (up to 1102.96 rubles, equivalent to a rate of 21.25%) of the security RU000A105DN0 (FSK RS BO6) 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 access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Three deposit auctions of UK FRT LLC will take place on 24.01.2025

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    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/n77105

    Categoris24-7, Miles, Moscow, Moscow Stotsk Exchang, Russians Savings, Russian Federation, Russians Language, Russian economy

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    Date of the deposit auction 01/24/2025
    Placement currency Rub
    Maximum amount of funds placed (in placement currency) 2,547,000,000.00
    Placement period, days 32
    Date of deposit 01/24/2025
    Refund date 02/25/2025
    Minimum placement interest rate, % per annum 21.00
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 2,547,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Treaty General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 12:00 to 12:10
    Applications in competition mode from 12:10 to 12:15
    Setting a cut-off percentage or declaring the auction invalid until 12:25
       
    Additional terms  

    MIL OSI Russia News –

  • MIL-OSI Russia: About 6.5 thousand students completed internships at Rosneft enterprises in 2024

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    In 2024, about 6.5 thousand students completed internships at Rosneft subsidiaries, including those from the company’s key partner universities – Lomonosov Moscow State University, MGIMO of the Ministry of Foreign Affairs of Russia, Gubkin Russian State University of Oil and Gas (National Research University), Far Eastern Federal University and others. Students get acquainted with the work of oil workers directly at the Company’s production facilities, which allows future specialists to apply the knowledge they gained at educational institutions in practice.

    Rosneft develops cooperation with higher and secondary educational institutions of Russia within the framework of the corporate system of continuous education “School-College/University-Enterprise”. The company cooperates with 203 educational partner organizations, including 82 Russian and foreign universities, 65 colleges and 56 schools. Rosneft annually invests more than 1 billion rubles in the development of educational partner organizations. The program has been in effect since 2005 and is aimed at forming a young external personnel reserve from among schoolchildren and students in the regions of the Company’s production activities, as well as at the constant growth of professional competencies of its employees.

    With the support of Rosneft, unique programs are being created in a number of areas of student training. Thus, with the support of RN-Vankor, 9 new specialized areas of training have been opened in technical schools and colleges. Rosneft’s Scientific Institute in Tyumen has created basic departments at Tyumen Industrial and Tyumen State Universities. The Company’s basic departments at the country’s leading universities implement specialized master’s programs, hold conferences and internships, and develop and publish educational and methodological materials.

    The Company’s enterprises also take an active part in equipping colleges and universities with modern equipment and creating laboratories. Thus, in 2024, Samotlorneftegaz equipped educational sites in two branches of Ugra State University – a multifunctional simulator for the development and operation of wells was installed at the Oil Institute, and a laboratory for assessing the chemical and physical quality of oil and gas was created at the Multidisciplinary College. In addition, a laboratory of geospatial technologies was opened at the Nizhnevartovsk Construction College with funds from the enterprise. “Taas-Yuryakh Neftegazodobycha” opened an educational and training complex “Factory of Full Cycle Oil and Gas Production Processes” on the basis of the Regional Technical College, and also equipped the “Digital Oil and Gas Field” research laboratory at the North-Eastern Federal University with high-resolution video panels . Verkhnechonskneftegaz equipped the Oil and Gas Engineering training center of the Irkutsk National Research Technical University with a training ground for conducting practical classes on safe work, and Orenburgneft allocated funds for the purchase of a mobile drilling rig for the Department of Geology of Orenburg State University. In addition, the Kuibyshev Refinery helped the educational laboratory of the Faculty of Chemical Technology of the Samara State Technical University acquire modern pilot plants that are analogues of real industrial oil refining facilities, and the Syzran Refinery opened a class of computer simulators in the Syzran branch of the Samara State Technical University.

    In order to select and motivate the best students for practical training and subsequent employment, Rosneft enterprises implement career guidance events. Thus, Udmurtneft held Udmurtneft Days in oil universities in Moscow, Yekaterinburg, Perm, Kazan and Izhevsk. SamaraNIPIneft organized a competition of scientific grants for students, postgraduates and master’s students of Samara State Technical University, 39 participants received cash grants to continue their research work. Specialists of Novokuibyshevsk Oil and Additives Plant together with teachers of Novokuibyshevsk Petrochemical College implemented a pilot project “Vector of Professionalism” aimed at identifying talented and promising young people from among students of the company’s specialized specialties.

    Rosneft also creates conditions for developing the competencies of scientific and pedagogical staff. Internships for teachers are organized at the Angarsk Polymer Plant, Saratov Oil Refinery, RN-Yuganskneftegaz and Samotlorneftegaz. These events allow teachers to gain valuable practical experience, get acquainted with modern technologies and see the production process with their own eyes.

    Department of Information and Advertising of PJSC NK Rosneft January 24, 2025

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

    MIL OSI Russia News –

  • MIL-OSI Russia: “Close Technologies”: HSE exhibition on digital sensorics at Tula Machine Tool Museum

    Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Today’s event industry, as a vector of the experience economy, combines design, theater, cinema, performance, music, food, health, tourism and other areas of human life. Professional design of art and lifestyle events is the main trend of the future, and an experience engineer is perhaps the main creative profession of our tomorrow, in which an event will be understood as designing and obtaining a new experience, and not a service, regardless of the scale and format of the event.

    The profile “Event. Theatre. Performance” trains professionals in the field of the experience industry at the intersection of directing, scenography, work with space, light, video, body, costume, make-up and performative practices in all their semantic, conceptual and artistic connections.

    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 USA: Office of the Governor — News Release — Media Advisory — Governor Green Celebrates Opening Of Eighteenth Kauhale

    Source: US State of Hawaii

    Office of the Governor — News Release — Media Advisory — Governor Green Celebrates Opening Of Eighteenth Kauhale

    Posted on Jan 23, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI 
    KA MOKU ʻĀINA O HAWAIʻI 
     
    JOSH GREEN, M.D. 
    GOVERNOR
    KE KIAʻĀINA 
     

    GOVERNOR GREEN CELEBRATES OPENING OF KŪLIA
    I KA NUʻU KAUHALE

    Blessing set for the Newest Kauhale by the Green Administration in Partnership with U.S.VETS 
     

    FOR IMMEDIATE RELEASE
    January 23, 2025

    HONOLULU — Governor Josh Green, M.D., today announced the opening of the Kūlia I Ka Nuʻu kauhale. As with the 17 other kauhale Governor Green has opened, this community embraces people who are experiencing homelessness. In partnership with operator U.S.VETS, this kauhale implements an emergency bed program that addresses immediate shelter needs, food insecurities and access to care for residents.

    “Housing is health care, and the Kūlia I Ka Nu‘u project is a powerful step toward addressing the urgent houselessness crisis in Leeward O‘ahu. Inspired by Queen Kapiʻolani’s motto to ‘strive for the highest,’ this initiative reflects our commitment to lifting up our most vulnerable—providing not just shelter, but dignity, stability, and a path to independence and personal excellence,” said Governor Green. “Together, with the strength of this community, we are creating a future where every person has the opportunity to thrive.”

    The mission of U.S.VETS is to prevent and end veteran homelessness and to empower veterans and families through housing, comprehensive services and advocacy. Its vision is to have all veterans and their families have their needs met to regain and maintain independence. The residents will be people in the community who are experiencing housing instability.

    “Every bed at this site represents a chance for someone to start over,” said Darryl Vincent, president and chief executive officer of U.S.VETS. “By integrating immediate care with long-term housing solutions, Kūlia I Ka Nu`u is set to change lives and empower residents to thrive. It’s a testament to what we can achieve when we work together with urgency and purpose.”

    This initiative aims to support up to 19 individuals in their transition from houselessness to healthy independence. There will be 14 emergency beds for males and five for females, specifically designed for short-term stays. A crucial part of this transition is the use of 12 permanent housing units at Kūlia I Ka Nuʻu designed to facilitate a smooth move to stable living conditions. In addition to providing shelter, trained staff and volunteers will play vital roles in managing the facilities, ensuring safety, providing necessities, and linking individuals to relevant support services.

    “The program will adopt a Housing First approach, ensuring low barriers to entry and immediate access to shelter and housing without unnecessary prerequisites,” said John Mizuno, the Governor’s Coordinator on Homelessness and Housing Solutions. “The program also intends to focus on housing access and retention, assisting individuals and families in rapidly securing permanent housing and preventing the residents’ return to houselessness.”

    The kauhale will provide a comprehensive list of services, such as emergency shelter case management, housing-focused case management, and assertive engagement strategies. These services are designed to be trauma-informed, culturally competent, and recovery-based, emphasizing participant choice and community integration. Services will be available until permanent housing can be secured, with no arbitrary time limits on program participation.

    Kūlia I Ka Nu‘u has provided the state cost savings in that Mark Development and Sofos Realty renovated the existing structure that offers rooms, restroom and shower amenities, a dining room and office space, without having to build a new facility.

    Photos from today’s kauhale blessing at 85-296 Ala Hema St., courtesy Office of the Governor, can be found here.

    About U.S.VETS
    U.S.VETS is on a mission to end veteran homelessness in the United States. The organization was founded by veterans to serve fellow veterans and is the leading nonprofit dedicated to the work of helping veterans and their families transition from homelessness through tailored support to help them gain independence. 

    # # # 

    Media Contacts:   
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Phone: 808-586-0120
    Email: [email protected]

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom signs $2.5 billion bipartisan relief package to help Los Angeles recover and rebuild faster from firestorm

    Source: US State of California 2

    Jan 23, 2025

    What you need to know: Alongside community, city, county, and legislative leaders, Governor Newsom signed special session legislation to provide over $2.5 billion for Los Angeles to bolster ongoing response efforts and jumpstart recovery and rebuilding.

    LOS ANGELES – With recovery efforts already underway to support those impacted by the Los Angeles hurricane-force firestorm, Governor Gavin Newsom today joined community, city, county, and legislative leaders in near the fire-damaged community of Altadena and signed legislation providing over $2.5 billion in disaster relief. The funding will immediately help bolster ongoing emergency response efforts as well as jumpstart recovery efforts.

    The special session legislation – ABx1-4 by Assemblymember Jesse Gabriel (D-Encino) and SBx1-3 by Senator Scott Wiener (D-San Francisco) – provides funding to expedite firestorm response and recovery efforts, streamline rebuilding efforts, and help rebuild fire-damaged school facilities.

    “Thanks to our partners in the legislature, we’re providing over $2.5 billion in immediate relief – expediting initial firestorm response and recovery efforts. We’re also directing millions of dollars to help local governments speed up building approvals – so folks can rebuild their homes faster.

    Unlike MAGA Republicans in Washington who talk about delaying relief for political purposes, California is supporting our people with no strings attached. Together, we’ll rebuild Los Angeles.”

    Governor Gavin Newsom

    “California leaders from both political parties are united and working together to provide L.A. with the immediate assistance and support they need,” said Assembly Speaker Robert Rivas. “Today, we approved billions of dollars to help clean-up devastated neighborhoods, rebuild schools and put communities on a path to recovery. I thank the Governor, Pro Tem and my colleagues for moving with urgency. This is a first step, but we are committed to a full recovery and will stand with Angelenos until this work is done.”

    “This $2.5 billion is a clear commitment that we’ve got your back LA,” said Senate President Pro Tempore Mike McGuire (D-North Coast). “We’ve got your back now and we’ve got your back in the months and years to come. Your rebuild and your comeback is our priority. We’re grateful to Governor Newsom, Speaker Rivas and our legislative colleagues who moved with urgency to get this funding across the finish line. This downpayment is just the beginning.”

    How it works

    • $2.5 billion to expedite initial firestorm response and recovery efforts. This includes support for:

      • Emergency protective measures, evacuations, sheltering for survivors, debris removal and cleanup, post-fire hazard assessments (such as flash flooding and debris flows), traffic control, and other necessary emergency response activities.

    • $4 million to help expedite rebuilding. The Department of Housing and Community Development will allocate this funding to impacted local governments to provide additional planning review and building inspection resources for the purpose of expediting building approvals during the recovery period. 

    • $1 million to rebuild fire-damaged school facilities. The funding will provide technical assistance to impacted local educational agencies (Los Angeles Unified School District, Pasadena Unified School District, impacted charter schools).

    Supporting recovery, protecting survivors 

    Governor Newsom has issued a number of executive orders in response to the Los Angeles fire storms to help aid in rebuilding and recovery, create more temporary housing, and protect survivors from exploitation and price gouging:

    • Providing tax relief to those impacted by the fires. California postponed the individual tax filing deadline to October 15 for Los Angeles County taxpayers. Additionally, the state extended the January 31, 2025, sales and use tax filing deadline for Los Angeles County taxpayers until April 30 — providing critical tax relief for businesses. 

    • Rebuilding Los Angeles faster and stronger. Governor Newsom issued an executive order to streamline the rebuilding of homes and businesses destroyed — suspending permitting and review requirements under the California Environmental Quality Act (CEQA) and the California Coastal Act.

    • Fast-tracking temporary housing and protecting tenants and homeowners. To help provide necessary shelter for those immediately impacted by the firestorms, the Governor issued an executive order to make it easier to streamline construction of accessory dwelling units, allow for more temporary trailers and other housing, and suspend fees for mobile home parks. Governor Newsom also issued an executive order that prohibits landlords in Los Angeles County from evicting tenants for sharing their rental with survivors displaced by the Los Angeles-area firestorms. For homeowners, California has worked with five major lenders to provide mortgage relief to their customers.

    • Mobilizing debris removal and cleanup. With an eye toward recovery, the Governor directed fast action on debris removal work and mitigating the potential for mudslides and flooding in areas burned. He also signed an executive order to allow expert federal hazmat crews to start cleaning up properties as a key step in getting people back to their properties safely. The Governor also issued an executive order to help mitigate risk of mudslides and flooding and protect communities by hastening efforts to remove debris, bolster flood defenses, and stabilize hillsides in affected areas. 

    • Safeguarding survivors from price gouging. Governor Newsom expanded restrictions to protect survivors from illegal price hikes on rent, hotel and motel costs, and building materials or construction. Report violations to the Office of the Attorney General here.

    • Getting kids back in the classroom. Governor Newsom signed an executive order to quickly assist displaced students in the Los Angeles area and bolster schools affected by the firestorms.

    • Protecting victims from real estate speculators. The Governor issued an executive order to protect firestorm victims from predatory land speculators making aggressive and unsolicited cash offers to purchase victims’ property. 

    Get help today

    Californians can go to CA.gov/LAfires – a hub for information and resources from state, local and federal government.  

    Individuals and business owners who sustained losses from wildfires in Los Angeles County can apply for disaster assistance:

    • Online at DisasterAssistance.gov

    • By calling 800-621-3362

    • By using the FEMA smart phone application

    • Assistance is available in over 40 languages

    • If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service.

    Recent news

    Jan 23, 2025

    News Los Angeles, California – Governor Gavin Newsom today issued a proclamation declaring January 23, 2025, as Ed Roberts Day. The text of the proclamation and a copy can be found below: PROCLAMATIONKnown as the “Father of Independent Living,” Ed Roberts was a…

    Jan 23, 2025

    News What you need to know: The state is helping expand in-person Disaster Recovery Centers with online resources designed to help survivors get the help they need faster. Los Angeles, California – California continues to secure critical resources for survivors of the…

    Jan 23, 2025

    News What you need to know: Governor Newsom announced additional commitments to provide mortgage relief for property owners whose structures were damaged or destroyed by the LA firestorms, adding state-chartered banks, credit unions, and mortgage lenders and…

    MIL OSI USA News –

  • MIL-OSI: South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LUBBOCK, Texas, Jan. 24, 2025 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter and year ended December 31, 2024.

    Fourth Quarter 2024 Highlights

    • Net income for the fourth quarter of 2024 was $16.5 million, compared to $11.2 million for the third quarter of 2024 and $10.3 million for the fourth quarter of 2023.
    • Diluted earnings per share for the fourth quarter of 2024 was $0.96, compared to $0.66 for the third quarter of 2024 and $0.61 for the fourth quarter of 2023.
    • Average cost of deposits for the fourth quarter of 2024 was 229 basis points, compared to 247 basis points for the third quarter of 2024 and 224 basis points for the fourth quarter of 2023.
    • Net interest margin, calculated on a tax-equivalent basis, was 3.75% for the fourth quarter of 2024, compared to 3.65% for the third quarter of 2024 and 3.52% for the fourth quarter of 2023.
    • Return on average assets for the fourth quarter of 2024 was 1.53% annualized, compared to 1.05% annualized for the third quarter of 2024 and 0.99% annualized for the fourth quarter of 2023.
    • Tangible book value (non-GAAP) per share was $25.40 as of December 31, 2024, compared to $25.75 as of September 30, 2024 and $23.47 as of December 31, 2023.
    • The consolidated total risk-based capital ratio, common equity tier 1 risk-based capital ratio, and tier 1 leverage ratio at December 31, 2023 were 16.74%, 12.41%, and 11.33%, respectively. These ratios significantly exceeded the minimum regulatory levels necessary to be deemed “well-capitalized”.

    Full Year 2024 Highlights

    • Full year net income of $49.7 million in 2024, compared to $62.7 million in 2023.
    • Diluted earnings per share of $2.92 in 2024, compared to $3.62 in 2023.
    • The Bank’s wholly-owned subsidiary, Windmark Insurance Agency, Inc. (“Windmark”), was sold in the second quarter of 2023 for $36.1 million, resulting in a gain, net of related charges and taxes, of $22.9 million or $1.32 of diluted earnings per share.
    • Loans held for investment grew $40.9 million, or 1.4%, during 2024.
    • Total assets were $4.23 billion at December 31, 2024, compared to $4.20 billion at December 31, 2023.
    • Return on average assets of 1.17% for the full year 2024, compared to 1.54% for 2023.

    Curtis Griffith, South Plains’ Chairman and Chief Executive Officer, commented, “I am very proud of our performance this past year as we successfully navigated a challenging environment with a focus on delivering strong financial results. We tightly managed our liquidity to optimize our profitability and return metrics while maintaining our conservative approach to underwriting and risk management. We have also managed the anticipated decline in our indirect auto portfolio as well as a heightened level of loan payoffs and paydowns that has obscured the strong, underlying loan production that has built through the year. Importantly, we are seeing a growing level of optimism across our customer base that is translating into the strongest new business production pipeline that we have seen in more than two years. This bodes positively for the year ahead where we expect to deliver low to mid-single digit loan growth for the full year 2025. Additionally, we are seeing deposit pricing fall across our markets which contributed to our strong margin expansion in the fourth quarter.”

    Results of Operations, Quarter Ended December 31, 2024

    Net Interest Income

    Net interest income was $38.5 million for the fourth quarter of 2024, compared to $37.3 million for the third quarter of 2024 and $35.2 million for the fourth quarter of 2023. Net interest margin, calculated on a tax-equivalent basis, was 3.75% for the fourth quarter of 2024, compared to 3.65% for the third quarter of 2024 and 3.52% for the fourth quarter of 2023. The average yield on loans was 6.69% for the fourth quarter of 2024, compared to 6.68% for the third quarter of 2024 and 6.29% for the fourth quarter of 2023. The average cost of deposits was 229 basis points for the fourth quarter of 2024, which is 18 basis points lower than the third quarter of 2024 and 5 basis points higher than the fourth quarter of 2023.

    Interest income was $61.3 million for the fourth quarter of 2024, compared to $61.6 million for the third quarter of 2024 and $57.2 million for the fourth quarter of 2023. Interest income decreased $316 thousand in the fourth quarter of 2024 from the third quarter of 2024, which was primarily comprised of a decrease of $243 thousand in loan interest income. The decline in loan interest income was due primarily to a decrease in average loans of $20.2 million. Interest income increased $4.1 million in the fourth quarter of 2024 compared to the fourth quarter of 2023. This increase was primarily due to an increase of average loans of $30.5 million and higher loan interest rates during the period, resulting in growth of $3.4 million in loan interest income.

    Interest expense was $22.8 million for the fourth quarter of 2024, compared to $24.3 million for the third quarter of 2024 and $22.1 million for the fourth quarter of 2023. Interest expense decreased $1.6 million compared to the third quarter of 2024 and increased $702 thousand compared to the fourth quarter of 2023. The $1.6 million decrease was primarily as a result of a 24 basis point decline in the cost of interest-bearing deposits. The $702 thousand increase was primarily a result of growth in average interest-bearing deposits of $136.0 million.

    Noninterest Income and Noninterest Expense

    Noninterest income was $13.3 million for the fourth quarter of 2024, compared to $10.6 million for the third quarter of 2024 and $9.1 million for the fourth quarter of 2023. The increase from the third quarter of 2024 was primarily due to an increase of $3.1 million in mortgage banking revenues, mainly from an increase of $3.5 million in the fair value adjustment of the mortgage servicing rights assets as interest rates that affect the value increased in the fourth quarter of 2024. This growth was partially offset by approximately $700 thousand in insurance proceeds received for property damage in the third quarter of 2024. The increase in noninterest income for the fourth quarter of 2024 as compared to the fourth quarter of 2023 was primarily due to an increase of $3.3 million in mortgage banking activities revenue mainly from a rise of $3.0 million in the fair value adjustment of the mortgage servicing rights assets as interest rates that affect the value increased in the fourth quarter of 2024.

    Noninterest expense was $29.9 million for the fourth quarter of 2024, compared to $33.1 million for the third quarter of 2024 and $30.6 million for the fourth quarter of 2023. The $3.2 million decrease from the third quarter of 2024 was largely the result of a decline of $1.4 million in personnel expenses, primarily from decreased health insurance costs of $668 thousand, as annual rebates were received in the fourth quarter, and a reduction of $400 thousand in mortgage commissions as mortgage activity slowed in the fourth quarter. There were also decreases in net occupancy expense, professional service expenses, and the ineffectiveness related to fair value hedges on municipal securities. The decrease in noninterest expense for the fourth quarter of 2024 as compared to the fourth quarter of 2023 was largely the result of a decrease of $593 thousand in personnel expenses, related to the decline in health insurance costs previously noted.

    Loan Portfolio and Composition

    Loans held for investment were $3.06 billion as of December 31, 2024, compared to $3.04 billion as of September 30, 2024 and $3.01 billion as of December 31, 2023. The $17.7 million, or 2.3% annualized, increase during the fourth quarter of 2024 as compared to the third quarter of 2024 occurred primarily as a result of organic loan growth experienced in commercial owner-occupied real estate loans. As of December 31, 2024, loans held for investment increased $40.9 million, or 1.4%, from December 31, 2023, primarily attributable to organic loan growth, occurring mainly in multi-family property loans, direct-energy loans, commercial owner-occupied real estate loans, and single-family property loans, partially offset by decreases in consumer auto loans and construction, land, and development loans.

    Deposits and Borrowings

    Deposits totaled $3.62 billion as of December 31, 2024, compared to $3.72 billion as of September 30, 2024 and $3.63 billion as of December 31, 2023. Deposits decreased by $94.8 million, or 2.6%, in the fourth quarter of 2024 from September 30, 2024. As of December 31, 2024, deposits were essentially unchanged, from December 31, 2023. Noninterest-bearing deposits were $935.5 million as of December 31, 2024, compared to $998.5 million as of September 30, 2024 and $974.2 million as of December 31, 2023. Noninterest-bearing deposits represented 25.8% of total deposits as of December 31, 2024. The quarterly change in total deposits was mainly due to the seasonal decline in escrow accounts of approximately $35 million and a planned reduction of approximately $50 million in customer sweep deposits as part of balance sheet management. Deposits were essentially unchanged, year-over-year, with an increase in interest-bearing deposits offset by a decline in noninterest-bearing deposits.

    Asset Quality

    The Company recorded a provision for credit losses in the fourth quarter of 2024 of $1.2 million, compared to $495 thousand in the third quarter of 2024 and $600 thousand in the fourth quarter of 2023. The provision during the fourth quarter of 2024 was largely attributable to net charge-off activity and increased loan balances.

    The ratio of allowance for credit losses to loans held for investment was 1.42% as of December 31, 2024, compared to 1.41% as of September 30, 2024 and 1.41% as of December 31, 2023.

    The ratio of nonperforming assets to total assets was 0.58% as of December 31, 2024, compared to 0.59% as of September 30, 2024 and 0.14% as of December 31, 2023. Annualized net charge-offs were 0.11% for the fourth quarter of 2024, compared to 0.11% for the third quarter of 2024 and 0.08% for the fourth quarter of 2023.

    Capital

    Book value per share decreased to $26.67 at December 31, 2024, compared to $27.04 at September 30, 2024. The change was primarily driven by a decrease in accumulated other comprehensive income (“AOCI”) of $18.2 million, partially offset by $14.0 million of net income after dividends paid. The decrease in AOCI was attributed to the after-tax decrease in fair value of our available for sale securities, net of fair value hedges, as a result of increases in long-term market interest rates during the period. The tangible common equity to tangible assets ratio (non-GAAP) increased 15 basis points to 9.92% in the fourth quarter of 2024.

    Conference Call

    South Plains will host a conference call to discuss its fourth quarter and year-end 2024 financial results today, January 24, 2025, at 10:00 a.m., Eastern Time. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call and conference materials will be available on the Company’s website at https://www.spfi.bank/news-events/events.

    A replay of the conference call will be available within two hours of the conclusion of the call and can be accessed on the investor section of the Company’s website as well as by dialing 1-844-512-2921 (international callers please dial 1-412-317-6671). The pin to access the telephone replay is 13750452. The replay will be available until February 7, 2025.

    About South Plains Financial, Inc.

    South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust and mortgage services. Please visit https://www.spfi.bank for more information.

    Non-GAAP Financial Measures

    Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures include Tangible Book Value Per Share, Tangible Common Equity to Tangible Assets, and Pre-Tax, Pre-Provision Income. The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures.

    We classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the United States in our statements of income, balance sheets or statements of cash flows. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies.

    A reconciliation of non-GAAP financial measures to GAAP financial measures is provided at the end of this press release.

    Available Information

    The Company routinely posts important information for investors on its web site (under http://www.spfi.bank and, more specifically, under the News & Events tab at http://www.spfi.bank/news-events/press-releases). The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD (Fair Disclosure) promulgated by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, investors should monitor the Company’s web site, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

    The information contained on, or that may be accessed through, the Company’s web site is not incorporated by reference into, and is not a part of, this document.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect South Plains’ current views with respect to future events and South Plains’ financial performance. Any statements about South Plains’ expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. South Plains cautions that the forward-looking statements in this press release are based largely on South Plains’ expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond South Plains’ control. Factors that could cause such changes include, but are not limited to, the impact on us and our customers of a decline in general economic conditions and any regulatory responses thereto; potential recession in the United States and our market areas; the impacts related to or resulting from uncertainty in the banking industry as a whole; increased competition for deposits in our market areas and related changes in deposit customer behavior; the impact of changes in market interest rates, whether due to a continuation of the elevated interest rate environment or further reductions in interest rates and a resulting decline in net interest income; the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation, in the United States and our market areas; the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; increases in unemployment rates in the United States and our market areas; declines in commercial real estate values and prices; uncertainty regarding United States fiscal debt, deficit and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events; the impact of changes in U.S. presidential administrations or Congress, including potential changes in U.S. and international trade policies and the resulting impact on the Company and its customers; competition and market expansion opportunities; changes in non-interest expenditures or in the anticipated benefits of such expenditures; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; potential costs related to the impacts of climate change; current or future litigation, regulatory examinations or other legal and/or regulatory actions; and changes in applicable laws and regulations. Additional information regarding these risks and uncertainties to which South Plains’ business and future financial performance are subject is contained in South Plains’ most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the SEC, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of such documents, and other documents South Plains files or furnishes with the SEC from time to time, which are available on the SEC’s website, http://www.sec.gov. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements due to additional risks and uncertainties of which South Plains is not currently aware or which it does not currently view as, but in the future may become, material to its business or operating results. Due to these and other possible uncertainties and risks, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Any forward-looking statements presented herein are made only as of the date of this press release, and South Plains does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new information, the occurrence of unanticipated events, or otherwise, except as required by applicable law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement.

    Contact: Mikella Newsom, Chief Risk Officer and Secretary
      (866) 771-3347
      investors@city.bank
       

    Source: South Plains Financial, Inc.

     
    South Plains Financial, Inc.
    Consolidated Financial Highlights – (Unaudited)
    (Dollars in thousands, except share data)
     
      As of and for the quarter ended
      December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023
    Selected Income Statement Data:                            
    Interest income $ 61,324     $ 61,640     $ 59,208     $ 58,727     $ 57,236  
    Interest expense   22,776       24,346       23,320       23,359       22,074  
    Net interest income   38,548       37,294       35,888       35,368       35,162  
    Provision for credit losses   1,200       495       1,775       830       600  
    Noninterest income   13,319       10,635       12,709       11,409       9,146  
    Noninterest expense   29,948       33,128       32,572       31,930       30,597  
    Income tax expense   4,222       3,094       3,116       3,143       2,787  
    Net income   16,497       11,212       11,134       10,874       10,324  
    Per Share Data (Common Stock):                            
    Net earnings, basic $ 1.01     $ 0.68     $ 0.68     $ 0.66     $ 0.63  
    Net earnings, diluted   0.96       0.66       0.66       0.64       0.61  
    Cash dividends declared and paid   0.15       0.14       0.14       0.13       0.13  
    Book value   26.67       27.04       25.45       24.87       24.80  
    Tangible book value (non-GAAP)   25.40       25.75       24.15       23.56       23.47  
    Weighted average shares outstanding, basic   16,400,361       16,386,079       16,425,360       16,429,919       16,443,908  
    Weighted average shares outstanding, dilutive   17,161,646       17,056,959       16,932,077       16,938,857       17,008,892  
    Shares outstanding at end of period   16,455,826       16,386,627       16,424,021       16,431,755       16,417,099  
    Selected Period End Balance Sheet Data:                            
    Cash and cash equivalents $ 359,082     $ 471,167     $ 298,006     $ 371,939     $ 330,158  
    Investment securities   577,240       606,889       591,031       599,869       622,762  
    Total loans held for investment   3,055,054       3,037,375       3,094,273       3,011,799       3,014,153  
    Allowance for credit losses   43,237       42,886       43,173       42,174       42,356  
    Total assets   4,232,239       4,337,659       4,220,936       4,218,993       4,204,793  
    Interest-bearing deposits   2,685,366       2,720,880       2,672,948       2,664,397       2,651,952  
    Noninterest-bearing deposits   935,510       998,480       951,565       974,174       974,201  
    Total deposits   3,620,876       3,719,360       3,624,513       3,638,571       3,626,153  
    Borrowings   110,354       110,307       110,261       110,214       110,168  
    Total stockholders’ equity   438,949       443,122       417,985       408,712       407,114  
    Summary Performance Ratios:                            
    Return on average assets (annualized)   1.53 %     1.05 %     1.07 %     1.04 %     0.99 %
    Return on average equity (annualized)   14.88 %     10.36 %     10.83 %     10.72 %     10.52 %
    Net interest margin (1)   3.75 %     3.65 %     3.63 %     3.56 %     3.52 %
    Yield on loans   6.69 %     6.68 %     6.60 %     6.53 %     6.29 %
    Cost of interest-bearing deposits   3.12 %     3.36 %     3.33 %     3.27 %     3.14 %
    Efficiency ratio   57.50 %     68.80 %     66.72 %     67.94 %     68.71 %
    Summary Credit Quality Data:                            
    Nonperforming loans $ 24,023     $ 24,693     $ 23,452     $ 3,380     $ 5,178  
    Nonperforming loans to total loans held for investment   0.79 %     0.81 %     0.76 %     0.11 %     0.17 %
    Other real estate owned   530       973       755       862       912  
    Nonperforming assets to total assets   0.58 %     0.59 %     0.57 %     0.10 %     0.14 %
    Allowance for credit losses to total loans held for investment   1.42 %     1.41 %     1.40 %     1.40 %     1.41 %
    Net charge-offs to average loans outstanding (annualized)   0.11 %     0.11 %     0.10 %     0.13 %     0.08 %
                                           
      As of and for the quarter ended
      December 31
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023
    Capital Ratios:                            
    Total stockholders’ equity to total assets   10.37 %     10.22 %     9.90 %     9.69 %     9.68 %
    Tangible common equity to tangible assets (non-GAAP)   9.92 %     9.77 %     9.44 %     9.22 %     9.21 %
    Common equity tier 1 to risk-weighted assets   13.53 %     13.25 %     12.61 %     12.67 %     12.41 %
    Tier 1 capital to average assets   12.04 %     11.76 %     11.81 %     11.51 %     11.33 %
    Total capital to risk-weighted assets   17.86 %     17.61 %     16.86 %     17.00 %     16.74 %
    (1) Net interest margin is calculated as the annual net interest income, on a fully tax-equivalent basis, divided by average interest-earning assets.
     
    South Plains Financial, Inc.
    Average Balances and Yields – (Unaudited)
    (Dollars in thousands)
     
      For the Three Months Ended
      December 31, 2024   December 31, 2023
           
      Average
    Balance    		   Interest   Yield/Rate   Average
    Balance    		   Interest   Yield/Rate
    Assets                                          
    Loans $ 3,049,718     $ 51,270       6.69 %   $ 3,019,228     $ 47,903       6.29 %
    Debt securities – taxable   518,646       4,994       3.83 %     560,143       5,563       3.94 %
    Debt securities – nontaxable   154,203       1,014       2.62 %     157,341       1,032       2.60 %
    Other interest-bearing assets   390,090       4,267       4.35 %     255,454       2,963       4.60 %
                                               
    Total interest-earning assets   4,112,657       61,545       5.95 %     3,992,166       57,461       5.71 %
    Noninterest-earning assets   189,422                     156,541                
                                               
    Total assets $ 4,302,079                   $ 4,148,707                
                                               
    Liabilities & stockholders’ equity                                          
    NOW, Savings, MMDA’s $ 2,249,062       16,570       2.93 %   $ 2,201,190       16,894       3.04 %
    Time deposits   445,173       4,566       4.08 %     357,067       3,325       3.69 %
    Short-term borrowings   3       –       0.00 %     3       –       0.00 %
    Notes payable & other long-term borrowings   –       –       0.00 %     –       –       0.00 %
    Subordinated debt   63,938       834       5.19 %     73,740       981       5.28 %
    Junior subordinated deferrable interest debentures   46,393       806       6.91 %     46,393       874       7.47 %
                                               
    Total interest-bearing liabilities   2,804,569       22,776       3.23 %     2,678,393       22,074       3.27 %
    Demand deposits   978,742                     1,021,091                
    Other liabilities   77,732                     59,808                
    Stockholders’ equity   441,036                     389,415                
                                               
    Total liabilities & stockholders’ equity $ 4,302,079                   $ 4,148,707                
                                               
    Net interest income         $ 38,769                   $ 35,387        
    Net interest margin (2)                   3.75 %                     3.52 %
    (1) Average loan balances include nonaccrual loans and loans held for sale.
    (2) Net interest margin is calculated as the annualized net interest income, on a fully tax-equivalent basis, divided by average interest-earning assets.
       
    South Plains Financial, Inc.
    Average Balances and Yields – (Unaudited)
    (Dollars in thousands)
     
      For the Twelve Months Ended
      December 31, 2024   December 31, 2023
                           
      Average
    Balance    		   Interest   Yield/Rate   Average
    Balance    		   Interest   Yield/Rate
    Assets                                          
    Loans $ 3,054,189     $ 202,301       6.62 %   $ 2,924,473     $ 176,627       6.04 %
    Debt securities – taxable   532,730       21,090       3.96 %     570,655       21,590       3.78 %
    Debt securities – nontaxable   155,168       4,076       2.63 %     185,205       4,901       2.65 %
    Other interest-bearing assets   312,917       14,319       4.58 %     223,152       9,973       4.47 %
                                               
    Total interest-earning assets   4,055,004       241,786       5.96 %     3,903,485       213,091       5.46 %
    Noninterest-earning assets   179,527                     176,495                
                                               
    Total assets $ 4,234,531                   $ 4,079,980                
                                               
    Liabilities & stockholders’ equity                                          
    NOW, Savings, MMDA’s $ 2,250,942       70,362       3.13 %   $ 2,117,985       55,423       2.62 %
    Time deposits   411,028       16,719       4.07 %     321,205       9,564       2.98 %
    Short-term borrowings   3       –       0.00 %     84       5       5.95 %
    Notes payable & other long-term borrowings   –       –       0.00 %     –       –       0.00 %
    Subordinated debt   63,868       3,339       5.23 %     75,458       4,018       5.32 %
    Junior subordinated deferrable interest debentures   46,393       3,381       7.29 %     46,393       3,276       7.06 %
                                               
    Total interest-bearing liabilities   2,772,234       93,801       3.38 %     2,561,125       72,286       2.82 %
    Demand deposits   968,307                     1,069,280                
    Other liabilities   70,777                     71,102                
    Stockholders’ equity   423,213                     378,473                
                                               
    Total liabilities & stockholders’ equity $ 4,234,531                   $ 4,079,980                
                                               
    Net interest income         $ 147,985                   $ 140,805        
    Net interest margin (2)                   3.65 %                     3.61 %
    (1) Average loan balances include nonaccrual loans and loans held for sale.
    (2) Net interest margin is calculated as the annualized net interest income, on a fully tax-equivalent basis, divided by average interest-earning assets.
       
    South Plains Financial, Inc.
    Consolidated Balance Sheets
    (Unaudited)
    (Dollars in thousands)
     
      As of
      December 31,
    2024    		   December 31,
    2023
               
    Assets          
    Cash and due from banks $ 54,114     $ 62,821  
    Interest-bearing deposits in banks   304,968       267,337  
    Securities available for sale   577,240       622,762  
    Loans held for sale   20,542       14,499  
    Loans held for investment   3,055,054       3,014,153  
    Less:  Allowance for credit losses   (43,237 )     (42,356 )
    Net loans held for investment   3,011,817       2,971,797  
    Premises and equipment, net   52,951       55,070  
    Goodwill   19,315       19,315  
    Intangible assets   1,720       2,429  
    Mortgage servicing rights   26,292       26,569  
    Other assets   163,280       162,194  
    Total assets $ 4,232,239     $ 4,204,793  
               
    Liabilities and Stockholders’ Equity          
    Noninterest-bearing deposits $ 935,510     $ 974,201  
    Interest-bearing deposits   2,685,366       2,651,952  
    Total deposits   3,620,876       3,626,153  
    Subordinated debt   63,961       63,775  
    Junior subordinated deferrable interest debentures   46,393       46,393  
    Other liabilities   62,060       61,358  
    Total liabilities   3,793,290       3,797,679  
    Stockholders’ Equity          
    Common stock   16,456       16,417  
    Additional paid-in capital   97,287       97,107  
    Retained earnings   385,827       345,264  
    Accumulated other comprehensive income (loss)   (60,621 )     (51,674 )
    Total stockholders’ equity   438,949       407,114  
    Total liabilities and stockholders’ equity $ 4,232,239     $ 4,204,793  
                   
    South Plains Financial, Inc.
    Consolidated Statements of Income
    (Unaudited)
    (Dollars in thousands)
     
      Three Months Ended   Twelve Months Ended
      December 31,
    2024    		   December 31,
    2023    		   December 31,
    2024    		   December 31,
    2023
                                   
    Interest income:                              
    Loans, including fees $ 51,262     $ 47,895     $ 202,270     $ 176,598  
    Other   10,062       9,341       38,629       35,435  
    Total interest income   61,324       57,236       240,899       212,033  
    Interest expense:                              
    Deposits   21,136       20,219       87,081       64,987  
    Subordinated debt   834       981       3,339       4,018  
    Junior subordinated deferrable interest debentures   806       874       3,381       3,276  
    Other   –       –       –       5  
    Total interest expense   22,776       22,074       93,801       72,286  
    Net interest income   38,548       35,162       147,098       139,747  
    Provision for credit losses   1,200       600       4,300       4,610  
    Net interest income after provision for credit losses   37,348       34,562       142,798       135,137  
    Noninterest income:                              
    Service charges on deposits   2,241       1,844       8,026       7,130  
    Income from insurance activities   31       37       123       1,515  
    Mortgage banking activities   4,955       1,671       14,187       13,817  
    Bank card services and interchange fees   3,225       3,167       13,640       13,323  
    Gain on sale of subsidiary   —       —       —       33,778  
    Other   2,867       2,427       12,096       9,663  
    Total noninterest income   13,319       9,146       48,072       79,226  
    Noninterest expense:                              
    Salaries and employee benefits   17,384       17,977       74,338       79,377  
    Net occupancy expense   3,901       3,856       16,105       16,102  
    Professional services   1,555       1,509       6,583       6,433  
    Marketing and development   1,153       880       3,782       3,453  
    Other   5,955       6,375       26,770       29,581  
    Total noninterest expense   29,948       30,597       127,578       134,946  
    Income before income taxes   20,719       13,111       63,292       79,417  
    Income tax expense   4,222       2,787       13,575       16,672  
    Net income $ 16,497     $ 10,324     $ 49,717     $ 62,745  
                                   
    South Plains Financial, Inc.
    Loan Composition
    (Unaudited)
    (Dollars in thousands)
     
      As of
      December 31,
    2024    		   December 31,
    2023
                   
    Loans:              
    Commercial Real Estate $ 1,119,063     $ 1,081,056  
    Commercial – Specialized   388,955       372,376  
    Commercial – General   557,371       517,361  
    Consumer:              
    1-4 Family Residential   566,400       534,731  
    Auto Loans   254,474       305,271  
    Other Consumer   64,936       74,168  
    Construction   103,855       129,190  
    Total loans held for investment $ 3,055,054     $ 3,014,153  
                   
    South Plains Financial, Inc.
    Deposit Composition
    (Unaudited)
    (Dollars in thousands)
     
      As of
      December 31,
    2024    		   December 31,
    2023
                   
    Deposits:              
    Noninterest-bearing deposits $ 935,510     $ 974,201  
    NOW & other transaction accounts   498,718       562,066  
    MMDA & other savings   1,741,988       1,722,170  
    Time deposits   444,660       367,716  
    Total deposits $ 3,620,876     $ 3,626,153  
                   
    South Plains Financial, Inc.
    Reconciliation of Non-GAAP Financial Measures (Unaudited)
    (Dollars in thousands)
       
      For the quarter ended
      December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023
    Pre-tax, pre-provision income                                      
    Net income $ 16,497     $ 11,212     $ 11,134     $ 10,874     $ 10,324  
    Income tax expense   4,222       3,094       3,116       3,143       2,787  
    Provision for credit losses   1,200       495       1,775       830       600  
    Pre-tax, pre-provision income $ 21,919     $ 14,801     $ 16,025     $ 14,847     $ 13,711  
                                           
      As of
      December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023
    Tangible common equity                            
    Total common stockholders’ equity $ 438,949     $ 443,122     $ 417,985     $ 408,712     $ 407,114  
    Less:  goodwill and other intangibles   (21,035 )     (21,197 )     (21,379 )     (21,562 )     (21,744 )
                                 
    Tangible common equity $ 417,914     $ 421,925     $ 396,606     $ 387,150     $ 385,370  
                                 
    Tangible assets                            
    Total assets $ 4,232,239     $ 4,337,659     $ 4,220,936     $ 4,218,993     $ 4,204,793  
    Less:  goodwill and other intangibles   (21,035 )     (21,197 )     (21,379 )     (21,562 )     (21,744 )
                                 
    Tangible assets $ 4,211,204     $ 4,316,462     $ 4,199,557     $ 4,197,431     $ 4,183,049  
                                 
    Shares outstanding   16,455,826       16,386,627       16,424,021       16,431,755       16,417,099  
                                 
    Total stockholders’ equity to total assets   10.37 %     10.22 %     9.90 %     9.69 %     9.68 %
    Tangible common equity to tangible assets   9.92 %     9.77 %     9.44 %     9.22 %     9.21 %
    Book value per share $ 26.67     $ 27.04     $ 25.45     $ 24.87     $ 24.80  
    Tangible book value per share $ 25.40     $ 25.75     $ 24.15     $ 23.56     $ 23.47  
                                           

    The MIL Network –

  • MIL-OSI Economics: Identity fraud: BaFin warns consumers about the company Strategic Assets

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Strategic Assets and the services it is offering. BaFin suspects the unknown operators of the website strategicassets.pro of offering consumers financial, investment and cryptoasset services without the required authorisation.

    The unknown operators are contacting consumers, claiming that their offer is from Baden-Württembergische Wertpapierbörse GmbH or Börse Stuttgart GmbH. In addition, when advertising its services, the company claims to be supervised by BaFin. However, none of this information is correct. This is a case of identity fraud. Moreover, BaFin does not supervise Strategic Assets.

    BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomaerkteaufsichtsgesetz).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

  • MIL-OSI Economics: [Galaxy Unpacked 2025] Galaxy Tech Forum ① Sustainability: Driving Innovation for a Sustainable Future

    Source: Samsung

    Samsung hosted the Galaxy Tech Forum on January 23 in San Jose, California. The panels provided an in-depth exploration of Samsung’s AI innovations and the challenges they address across four key areas — Sustainability, Health AI, Galaxy AI and Home AI. During the Sustainability session, experts explored how Samsung’s forward-thinking technology and strategic collaborations are building a more sustainable future.
     
     
    Following Galaxy Unpacked 2025, Samsung Electronics held its Galaxy Tech Forum event on January 23 in San Jose, California. Tech leaders and experts from around the world discussed the future of AI at Blanco, an Urban Venue, a three-story space located in the heart of Silicon Valley that blends historic architecture with a modern white design.
     
    ▲ Blanco, an Urban Venue
     
    The forum was organized into four sessions — Sustainability, Health AI, Galaxy AI and Home AI — each addressing the transformative changes and challenges innovation will bring to these areas. With around 100 media representatives and industry professionals in attendance, the panels centered on the disruptive potential of AI and offered blueprints for future technologies across various sectors.
     
    Samsung Newsroom visited the first Galaxy Tech Forum session, titled “How Mobile Technology Can Accelerate a Sustainable Future,” to learn about Samsung’s mobile innovations and partnerships that are contributing to a brighter tomorrow.
     
     
    Driving Mobile Innovation and Sustainability
    Samsung is committed to accelerating a sustainable future for both people and the planet.
     
    ▲ (From left to right) Tamara Gondo, Michael Stewart, Dr. Stuart Sandin, Daniel Araujo and Cassie Smith
     
    Despite the numerous benefits offered to modern society, the rapid growth of the mobile industry has also brought significant environmental challenges. To address those challenges, Samsung has made the actualization of a sustainable future a cornerstone of the company’s vision for mobile devices.
     
    ▲ Daniel Araujo from Samsung Electronics
     
    “We’ve made significant progress in fostering sustainable practices throughout our product lifecycle and this is only possible through open collaboration with like-minded partners. And there is even more to come,” said Daniel Araujo, Head of Sustainability Management Office, Mobile eXperience Business at Samsung Electronics.
     
    “Each device of the S25 series will include at least 50% recycled cobalt, and for the first time in Galaxy history, the battery of the S25 model will be made with recycled cobalt sourced from previously used Galaxy smartphones,” he continued, highlighting Samsung’s advancements in product circularity.
     
     
    Leveraging Galaxy Camera Technology To Restore Vital Marine Ecosystems
    Since the launch of the Galaxy S22 series in 2022, Samsung has incorporated over 150 tonnes of discarded fishing nets — equivalent to the weight of 15 million plastic water bottles — into Galaxy products. Along the way, the company has recognized the critical threat ocean-bound plastic poses to coral reefs and has taken a leading role in restoration efforts through strategic partnerships.
     
    Dr. Stuart Sandin, a professor at the Scripps Institution of Oceanography, University of California San Diego said coral reefs are home to a quarter of all marine life, and over half a billion people depend on reefs for food, income and protection from storms and erosion. He added that with more than 50% of the world’s coral reefs already lost and ocean-bound plastic threatening the remaining marine ecosystems, new restoration methods using mobile technology are gaining traction.
     
    ▲ Dr. Stuart Sandin from the University of California San Diego, Scripps Institute of Oceanography
     
    “We partnered with Samsung because of our shared commitment to innovation and collaboration. Our optimistic and technology-forward approach is contributing to new solutions for coral reef restoration,” said Michael Stewart, co-founder of Seatrees — a nonprofit dedicated to protecting marine ecosystems. His announcement of the organization’s partnership with Samsung was followed by a trailer for an upcoming documentary about the collaborative efforts between the companies.
     
    ▲ Michael Stewart from Seatrees
     

    ▲ Trailer for the documentary ‘Coral in Focus’
     
    Araujo explained that to support Seatrees’ efforts, Samsung developed Ocean Mode1 — a new camera setting that optimizes underwater photography on the Galaxy S24 Ultra. He discussed how the feature will provide valuable visual data that can be used to 3D map coral reefs to aid efforts for their restoration. The panelists acknowledged that mobile technology is making environmental conservation more accessible since high-quality data can now be collected with lightweight, user-friendly smartphones.
     
     
    Empowering Young Leaders Through Technology
    “Beyond environmental efforts, Samsung has collaborated with the United Nations Development Programme (UNDP) to empower future generations in achieving the Global Goals,” explained moderator Cassie Smith, Senior Manager of Corporate Sustainability and U.S. Public Affairs at Samsung Electronics America. The success of Samsung’s five-year partnership with the UNDP led to the launch of the Samsung Global Goals app and Generation17 initiative.
     
    ▲ Cassie Smith from Samsung Electronics America
     
    “Being part of Generation17 gave me confidence, access to resources and a global platform, which opened up a world of possibilities that inspired me to grow my business, Liberty Society, and its impact,” said Tamara Gondo, CEO of Liberty Society — a social enterprise that funds upskilling for marginalized women. “Participating in global events such as Mobile World Congress and the United Nations General Assembly gave me a seat at the decision-making table.”
     
    ▲ Tamara Gondo, CEO of Liberty Society and a Generation17 Young Leader
     
    Araujo underscored Tamara’s remarks and stressed the importance of young leaders in achieving the Global Goals, encouraging ongoing efforts and inviting attendees to look forward to the new group of Young Leaders later this year.
     
    The Sustainability session provided an in-depth exploration of how mobile technology can address environmental and social challenges. Samsung’s unwavering commitment to innovation and sustainability is paving the way for meaningful change on a global scale.
     
     
    1 Exclusively developed for this project and only available to Seatrees and its partners.

    MIL OSI Economics –

  • MIL-OSI Economics: Signature of MGCS Project Company shareholder agreement

    Source: Thales Group

    Headline: Signature of MGCS Project Company shareholder agreement

    Friday, January 24, 2025 – Thales, KNDS Deutschland, KNDS France and Rheinmetall Landsysteme signed the articles of association for MGCS Project Company GmbH, Cologne, on Thursday 23 January 2025 in Paris in the presence of the French Minister of Defence, Sébastien Lecornu, and the German Minister of Defence, Boris Pistorius.

    MGCS, which stands for Main Ground Combat System, is a German-Franco armament program designed to replace the Leopard 2 and Leclerc main battle tanks with a cross-platform combat system by 2040.

    The signing of the shareholder agreement marks an essential step in the forthcoming creation of the MGCS Project Company. After negotiating a contract with the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw), acting on behalf of the two states through a German-Franco Combined Project Team (CPT), this project company will be responsible as the industrial prime contractor for the implementation of the next phase of the MGCS program. In particular, it will consolidate the concept and the main technological pillars of the system.

    The company will be equally owned by the parties, 25% each, with a national workshare of 50% Germany and 50% France, and will be based in Cologne, Germany.

    The industrial partners in the MGCS program are delighted with this signature, which follows on from the impetus given by the French and German governments in the spring of 2024, with the signing of a Letter Of Intent (LOI).

    About KNDS:

    KNDS is the result of the association of Krauss-Maffei Wegmann (KMW) and Nexter, two of the leading European manufacturers of military land systems based in Germany and France.

    KNDS forms a Group of around 10,000 employees, with a 2023 turnover of 3.3 billion euro, an order backlog of around 16 billion euro and incoming orders of 7.8 billion euro. The range of its products includes main battle tanks, armored vehicles, artillery systems, weapons systems, ammunition, military bridges, customer services, battle management systems, training solutions, protection solutions and a wide range of equipment.

    The formation of KNDS represents the beginning of consolidation in land defense systems industry in Europe. The strategic alliance between KMW and Nexter enhances both groups’ competitiveness and international positions, as well as their ability to meet the needs of their respective national army. In addition, it offers to its European and NATO customers the opportunity of increased standardization and interoperability for their defense equipment, with a dependable industrial base.

    KNDS headquarters are based in Amsterdam.

    Press contact: guillem.monsonis@knds.fr

    About Rheinmetall:

    Rheinmetall AG of Duesseldorf, a listed company, is a leading international defence contractor and a driver of future-oriented technological and industrial innovation in civil markets. With over 31,000 employees and 171 sites worldwide, Rheinmetall generated sales of €7.2 billion in 2023. With its technologies, products and systems, the company creates the indispensable basis for peace, freedom and sustainable development security. Rheinmetall Landsysteme GmbH is part of the Rheinmetall Division Vehicle Systems Europe and is one of the leading land system manufacturers.

    Media contact: oliver.hoffmann@rheinmetall.com

    About Thales:

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence, Aerospace and Cyber & Digital. It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

    Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4bn.

    Media contact: camille.heck@thalesgroup.com

    MIL OSI Economics –

  • MIL-OSI Economics: Trade dynamics under geopolitical risk | Discussion paper 03/2025: Makram Khalil, David Osten, Felix Strobel

    Source: Bundesbank

    Non-technical summary

    Research Question

    In recent years, geopolitical tensions and associated risks have risen around the world. Global geopolitical risk surged after the Russian invasion of Ukraine. At that time, geopolitical risk spiked particularly for Russia and its neighbouring countries. In addition, geopolitical risk rose sharply in China and Taiwan in recent years, due to the geopolitical rivalry between the US and China and mounting tensions around the political status of Taiwan. As some of these countries are important exporters in the global trade and production network, the question arises to which extent rising geopolitical tensions disrupt trade flows.

    Contribution

    In this paper, we use detailed customs data in a panel spanning 20 years to investigate the role of the import channel for the transmission of geopolitical risk in trading partner countries. Particularly, we take the perspectives of the US and the euro area and study the effects of trading-partner geopolitical risk on import volumes and import prices.

    Results

    We find that trading-partner geopolitical risk shocks lower import volumes and raise import prices. The decline in imports is particularly strong when geopolitical risk shocks hit countries that exhibit a greater geopolitical distance to the US and the euro area, or when geopolitical risk shocks hit countries that are under US sanctions. Thus, increasing geopolitical risk triggers dynamics that may be conducive to a fragmentation of global trade. A case in point are large effects of geopolitical risk shocks in China. We find that US and euro area imports from non-Chinese trading partners are also affected by such shocks, which also owes to US dollar and global oil price movements as well as trading-partner value chain linkages with China.
     

    MIL OSI Economics –

  • MIL-OSI NGOs: ‘Ignorance is no match for the power of knowledge and education’

    Source: Amnesty International –

    Robina Azizi,19, fled Afghanistan’s northern Balkh province in 2021, leaving behind her home, her belongings and her school after the Taliban took control. Conditions rapidly deteriorated; soon after, the Taliban barred girls and women from attending secondary schools and universities. An estimated 1.4 million girls have been deprived of their right to education under the Taliban’s three-year rule.

    Determined to create opportunities for Afghan girls, Robina, who now lives in Germany, founded Girls on the Path of Change (GPC), an organization and online community that empowers Afghan girls to share their stories and pursue online education. With support from organizations like Amnesty International, there is hope that these initiatives can be expanded further. However, sustained action from the international community is essential to increase the pressure on the Taliban to stop this cycle of repression.

    Before the Taliban seized control of Afghanistan in August 2021, I lived with my family in the Balkh province in northern Afghanistan. I was attending school without concern and aiming to graduate.

    I had lofty ambitions, promising myself I would study at a reputable university in the hope of one day helping my country, as well as girls who were deprived of a proper education. Every day, I aimed to achieve excellent grades. I would lie awake at night, eager to attend school the next morning.

    On 10 August 2021, I was due to travel home with my friends after finishing a school exam. However, I felt as though something bad was going to happen. On my way home, I looked down the streets and alleys of Mazar-i-Sharif as if I wouldn’t see them again. When I got home, my mother was packing our belongings. 

    “We’ve booked your flight ticket; we have to leave. The Taliban have taken control of the districts of Balkh. They might come into the city,” she explained. “The Taliban takes girls into captivity and forces them into marriage. The lives of your father, brother, and sister are in danger; we must go. You are a writer and have always written against the Taliban. If they find your writings, they’ll kill you too.”

    The next day, my family and I flew to Kabul. I left everything behind: my school, classmates, exams, dreams and books.

    Learning to survive

    When we arrived, Kabul had not yet fallen and girls were still attending school. I longed to join them. I wrote to myself: ‘I have come to survive.’ This sentence became my mantra. Every day brought news of the Taliban spreading fear and seizing more provinces. Yet I still hoped to return to Balkh so I could go back to school.

    However, five days later, on 15 August, we witnessed the return of the Taliban in Kabul. The President fled and the Taliban took control in hours, announcing a ban on education for girls of secondary school age a month later.

    Robina Azizi,19, fled Afghanistan’s northern Balkh province in 2021, leaving behind her home, her belongings and her school after the Taliban took control. Determined to create opportunities for Afghan girls, Robina, who now lives in Germany, founded Girls on the Path of Change (GPC), an organization and online community that empowers Afghan girls to share their stories and pursue online education.

    With any hope of returning to education taken away, I realized I had to do something. I returned to my books and started striving for a better future. I found courses in Kabul, started studying English and reading again. As it was dangerous to go outside to study, we tried take the course secretly.   I promised myself that, despite thousands of problems, I would fight for myself and the girls of my country. I started raising awareness among Afghan families, trying to make them understand the importance of their daughters’ education, urging them to let them continue their studies.

    Later, with the help of my instructors, I enrolled in an online school despite not having the required documentation. While there, I encouraged other girls to join me and helped them with their English courses. Days passed, and I started getting used to the deprivations of the Taliban’s hardline rule over the country. To nurture my talents and share my story, I spoke with media outlets like Tolo and other broadcast programs about the importance of girls’ education. 

    Give girls a chance

    We were eventually forced to leave Afghanistan to save our lives and to ensure I could still go to school. I knew I needed to support my classmates, friends, and those who had lost their morale and needed help. After all, I’d personally experienced what it was like to be deprived of an education in Afghanistan. I always thought about these girls and wanted to stand by them. I established Girls on the Path of Change to amplify their voices, share their challenges and stories with others, and create an avenue for them to access online education and continue their studies.

    Moving forward, I am working with organizations such as Amnesty International to ensure international pressure continues and that governments around the world are held accountable for their weak stance against the Taliban’s systematic abuse and discrimination [of women and girls], which amounts to gender persecution.

    As a girl who once lived in Afghanistan and was deprived of my right to education, I call on everyone to support girls’ education. Education is essential, and girls in Afghanistan must not remain illiterate. Afghanistan needs strong, educated women. We must not give up, even if we must fight from our homes. Together, we must stand firm, move forward with determination, and prove that the ignorance of the Taliban is no match for the power of knowledge and education.

    MIL OSI NGO –

  • MIL-OSI NGOs: Afghanistan: ICC Prosecutor’s application for arrest warrants against Taliban leaders is an important step towards justice for Afghan women, girls and LGBTQI persons

    Source: Amnesty International –

    Responding to the application filed yesterday by the Office of the Prosecutor of the International Criminal Court (ICC) for arrest warrants against the Taliban Supreme Leader, Haibatullah Akhundzada, and the Taliban Chief Justice, Abdul Hakim Haqqani, for their suspected responsibility for the crime against humanity of gender persecution in Afghanistan, Agnès Callamard, Secretary General at Amnesty International, said:

    “The announcement by the ICC Prosecutor is an important development that gives hope, inside and outside the country to Afghan women, girls, as well as those persecuted on the basis of gender identity or expression, such as members of the LGBTQI community. This is a crucial step to hold accountable all those allegedly responsible for the gender-based deprivation of fundamental rights to education, to free movement and free expression, to private and family life, to free assembly, and to physical integrity and autonomy. Amnesty International also calls on the international community to recognize gender apartheid as a crime under international law in order to strengthen efforts to combat institutionalized regimes of systematic oppression and domination imposed on the grounds of gender.

    The announcement by the ICC Prosecutor is an important development that gives hope, inside and outside the country to Afghan women, girls, as well as those persecuted on the basis of gender identity or expression, such as members of the LGBTQI community.

    Agnès Callamard, Secretary General at Amnesty International

    “The Prosecutor has acknowledged that the charges represent only a fraction of the victimization that has occurred all over Afghanistan for more than two years and affected much of the population. It is incumbent on the ICC and the whole international community to urgently and significantly scale-up efforts to address gender persecution and other crimes under international law committed in Afghanistan as access to justice in the country remains significantly overdue.

    “We strongly urge the ICC Prosecutor to also expand his investigations in Afghanistan to include all serious violations from May 2003 onwards that amount to crimes under international law, including extrajudicial killings, torture and other ill-treatment, arbitrary arrest and detention, enforced disappearance, the massacre of civilians, and the ongoing systematic and widespread attacks against the Hazara ethnic group and religious minorities by the Islamic State of Khorasan Province.

    “Amnesty International also calls on the ICC Prosecutor to reconsider his 2021 decision to deprioritize investigations into war crimes allegedly committed by the US military, CIA personnel, and other international forces who had a presence in the country, and the former government security apparatus. This decision risks contributing to perceptions of a selective approach to international justice which prioritizes the interests of powerful states and their allies over the right to justice of victims of crimes under international law.

    Background  

    On 23 January, the Office of the Prosecutor of the ICC issued a statement announcing the applications for arrest warrants in the situation in Afghanistan. The Prosecutor’s applications for arrest warrants will be considered by ICC Pre-Trial Chamber judges, to determine whether they establish reasonable grounds to believe that the named individuals committed the alleged crimes. The Office of the Prosecutor also stated that investigations are ongoing. This means that further applications, both for other persons and alleged crimes, could still follow.

    In 2023, Amnesty International published its report, The Taliban’s war on women, on the crime against humanity of gender persecution against women and girls in Afghanistan. The 2022 report, Death in Slow Motion: Women and Girls Under Taliban Rule,alsodocumented the Taliban’s widespread, systematic, and intentional attacks on the rights of women, together with the use of torture and other ill-treatment and enforced disappearance. The discriminatory restrictions on the rights of women and girls affect all spheres of their lives, and they are institutionalized through the Taliban’s policies, decisions, and laws.

    Afghanistan had been under preliminary examination by the ICC Prosecutor from 2007 to 2017. In 2022, the Prosecutor resumed its investigation into the situation of Afghanistan after the Court concluded that there was no genuine investigation at the domestic level. In fact, since the Taliban returned to power, they have destroyed avenues for access to fair trial and abolished the constitution and laws that were in force prior to their return.

    MIL OSI NGO –

  • MIL-OSI NGOs: Belarus: Authorities hold presidential election in climate of total fear and repression

    Source: Amnesty International –

    Amnesty International calls on the Belarusian authorities to immediately end their vicious campaign of repression against any dissent, which denies the people of Belarus free speech in the run up to the presidential election scheduled for 26 January.

    “Ever since the 2020 presidential election, the already profound human rights crisis in Belarus has deepened even further. Through a brutal campaign against all dissent, the authorities have created a suffocating climate of fear, silencing anything and anyone who challenges the government,” said Marie Struthers, Amnesty International’s Eastern Europe and Central Asia Director.

    “The systematic use of repressive measures, including arbitrary detentions, torture and other ill-treatment, and effective criminalization of critical speech, paints a bleak picture of the state of human rights in Belarus today.”

    The systematic use of repressive measures, including arbitrary detentions, torture and other ill-treatment, and effective criminalization of critical speech, paints a bleak picture of the state of human rights in Belarus today

    Marie Struthers, Amnesty International’s Eastern Europe and Central Asia Director

    “It is shameful that the international community has largely allowed the human rights crisis in Belarus to unfold and fade into the background. While attention is drawn elsewhere, thousands of people in Belarus remain imprisoned, tortured, or silenced simply for expressing their opinions. Governments and international organizations must act decisively to seek an immediate end to this ongoing crisis and hold the Belarusian authorities accountable for it.”

    Widespread repression

    Since the mass protests following the disputed 2020 presidential elections, Belarusian authorities have unleashed a relentless crackdown on dissent. Peaceful protests have been met with unlawful force by police and other law enforcement services.

    According to Belarusian human rights monitors, over 50,000 individuals have gone through arbitrary detention for taking part in or being associated with peaceful protests since 2020, with 6,550 prosecuted and convicted, and 3,697 given custodial sentences. Many were subjected to torture and other ill-treatment. At least seven political prisoners have died in detention since 2021, five of them in 2024 alone. These deaths were avoidable and are the result of the conditions of detention and inadequate medical care.

    This campaign has only intensified in the lead-up to the 2025 presidential elections, with the authorities targeting dissenting individuals and groups across all sections of society, directly and via their relatives.

    The abuse of anti-extremism legislation has become the cornerstone of the government’s strategy to suppress dissent. As of late 2024, 6,565 online resources, from personal social media accounts to independent media outlets and international news organizations, had been arbitrarily labeled as “extremist.” Individuals face severe penalties including hefty fines, for any association with these entities.

    Human rights defenders have been particularly targeted, with 93 arbitrarily detained since 2020, including veteran human rights activist, Nobel peace prize laureate Ales Bialiatski. Hundreds of activists, civil society leaders and at least 45 media workers are currently behind bars, and countless more have faced fabricated charges, forcing many to flee the country.

    MIL OSI NGO –