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Blog

  • MIL-OSI Security: Owner Of Majestic Seals & Stripes, Inc. Sentenced To Federal Prison For Payroll Tax Fraud

    Source: Office of United States Attorneys

    Tampa, Florida – U.S. District Judge Thomas P. Barber has sentenced Linda Davis to four years in federal prison for willfully failing to pay to the Internal Revenue Service (IRS) employment taxes that were withheld from employees’ paychecks. Davis was also ordered to pay $719,049.62 in restitution. Davis entered a guilty plea on November 9, 2023. 

    According to court documents, Davis owned and operated a pavement maintenance company, known as Majestic Seals & Stripes, Inc. (Majestic), in Clearwater. As the owner of Majestic, Davis was responsible for withholding employment taxes from the Majestic employees’ paychecks and paying the taxes owed. Instead of paying these amounts to the IRS, Davis diverted the funds for her own personal use. Davis also failed to pay to the IRS the employer’s portion of the payroll taxes. Specifically, between June 2016 and December 2021, Davis failed to pay $557,249.62 in payroll taxes. 

    Further, in February 2021, Davis applied for a Paycheck Protection Program (PPP) loan on behalf of Majestic. In support of the loan application, Davis submitted a false IRS Form. As a result of the application package, the PPP loan was approved and funded in the amount of $161,800.

    “When you work somewhere, you trust that your employer will do the right thing,” said Ron Loecker, Special Agent in Charge of the IRS-CI Tampa Field Office. “For an employer to take advantage of their employees for their own personal gain in such a blatantly criminal way is downright shameful. My hope is that this sentencing will urge others to always do right by their employees.”

    This case was investigated by Internal Revenue Service – Criminal Investigation. It was prosecuted by Assistant United States Attorney Tiffany E. Fields. 

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Musquodoboit Harbour — RCMP welcomes new Musquodoboit Harbour Detachment Commander

    Source: Royal Canadian Mounted Police

    The Nova Scotia RCMP has appointed Sergeant Christopher Attewell as Detachment Commander for the Musquodoboit Harbour Detachment.

    “I have a passion for community policing,” says Sgt. Attewell. “It’s about building partnerships with residents and businesses so that together we can make our communities safer. I’ve worked in Musquodoboit Harbour since 2021, and I’m looking forward to serving the area in this new role.”

    Originally from Seeley’s Cove, New Brunswick, Sgt. Attewell graduated from RCMP Depot in 2009. After graduation, he was posted to RCMP Halifax Regional Detachment, where he worked in Lower Sackville and Cole Harbour.

    In 2014, Sgt. Attewell transferred to Hopedale, Newfoundland, and then to Happy Valley-Goose Bay, before being promoted to a position in Sanikuluaq, Nunavut.

    In 2021, Sgt. Attewell returned to Nova Scotia. He’s served the province in a variety of roles. He has worked in the Emergency Operations Centre, assisting with critical incidents, and as an Incident Commander for ground search and rescue.

    Outside of policing, Sgt. Attewell volunteers with Scouts Canada and coaches youth sports.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Canada: Transformation and expansion of an industrial building in Ahuntsic-Cartierville into a new art center and community space, the CAB – Battat Art Center

    Source: Government of Canada News (2)

    News release

    The renovation and expansion of an old industrial building to create the Battat Art Center, the CAB, will reduce the ecological footprint of the building and support art and culture. The project is made possible by a $10.2 million investment from the federal government.

    Montreal (Quebec), October 18th, 2024 — The renovation and expansion of an old industrial building to create the Battat Art Center, the CAB, will reduce the ecological footprint of the building and support art and culture. The project is made possible by a $10.2 million investment from the federal government.

    Announced by the Honorable Mélanie Joly, this project, located on Port-Royal Street in the Ahuntsic-Cartierville borough, will offer a variety of spaces for creation and performance, supporting artists and promoting public appreciation of the arts.

    A thriving economy needs strategic investments in green infrastructure to build a sustainable future for Canadians, with access to good jobs, while limiting impacts on the local environment.

    The funding for this artistic building will be used to preserve the exterior envelope, as well as its existing architectural and structural components made of wood, masonry, and steel. The Center has prioritized the enhancement of the built heritage rather than starting from scratch. A new structure, primarily made of large timber from Quebec, will be erected to promote this craftsmanship and structural system. Additionally, the expansion will be built following zero-carbon building design standards and will increase the existing space from two to four floors, allowing for the installation of artist studios and exhibition rooms. This initiative supports the values of sustainable development by integrating ecological and economic strategies while providing quality spaces for the artistic community.

    The GICB program aims to improve the places Canadians work, learn, play, live and come together by cutting pollution, reducing costs, and supporting thousands of good jobs.

    Through green and other upgrades to existing public community buildings and new builds in underserved communities, the GICB program helps ensure community facilities are inclusive, accessible, and have a long service life, while also helping Canada move towards its net-zero objectives by 2050.

    Furthermore, the Battat Art Center will also receive a maximum financial support of one million dollars from the Government of Quebec, through the Programme d’innovation en construction bois (PICB).

    About the Battat Art Center (CAB)

    The CAB is a nonprofit multidisciplinary creation and dissemination space that gives artists the freedom to experiment without external constraints or expectations. The center stands out from the expected contemporary art trajectory by prioritizing the artist and their process over the final product.

    Housed in a former stone masonry building located in the heart of Ahuntsic-Cartierville in Montreal, the CAB is one of the first significant artistic pillars in the community. The project aims to symbolize cultural renewal by offering artist studios, exhibition and performance spaces, places for exchange, green areas, and a café. It also provides a unique artistic and community program for this neighborhood, which is undergoing an identity transformation. By valuing collaboration among creators and supporting access to art, the CAB aims to establish an ideal environment for creation—an inclusive and participatory space for both artists and the community.

    The CAB intentionally embraces the imprint of accumulated layers from past industrial activity and ongoing and future artistic endeavors. With a vision of sustainable, carbon-neutral architecture, the center is an open space where heritage, the public, and new creation come together to give rise to a refreshing artistic momentum in Montreal with international reach.

    Quotes

    “By investing in our green infrastructure, we are investing in the future of our communities. I am pleased to announce this federal funding, here in my riding of Ahuntsic-Cartierville, for the renovation and transformation of the building that will house the Centre d’art Battat. In addition to supporting arts and culture, this initiative will play a crucial role in reducing our environmental footprint through the use of eco-responsible materials.”

    The Honourable Mélanie Joly, Minister of Foreign Affairs and Member of Parliament for Ahuntsic-Cartierville, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

    “Another example of the immense potential of Quebec lumber! More wood in construction means more beauty for our cities and, above all, more eco-friendly and sustainable buildings. We are proud to support developers who promote the use of wood in construction. In doing so, we recognize the essential role that the forestry sector plays in the decarbonization of our economy. Congratulations to the Battat Art Center for their vision!”

    Maïté Blanchette Vézina, Minister of Natural Resources and Forests and Minister responsible for the Bas-Saint-Laurent and Gaspésie–Îles-de-la-Madeleine regions.

    “The Battat Art Center (CAB) is an example of the transformation of the Central District, a vibrant neighborhood in Ahuntsic-Cartierville that offers redevelopment opportunities for new industries in technology, culture, design, and urban manufacturing. The CAB is a pioneer of urban redevelopment that aligns with our vision for the future of Montreal. The CAB‘s program of artistic creation and public presentation is poised to undoubtedly become a model of renewal for our borough.”

    Émilie Thuillier, Borough Mayor Ahuntsic-Cartierville

    “We wish to create a space for creation and dissemination that supports contemporary artists. We also want to provide a living environment with open, welcoming, and warm public spaces where the entire neighborhood can come together and connect. It is important for us to respect the heritage of our building by preserving its structure and reclaiming its materials, while also transforming it to incorporate green spaces and a café. We envision welcoming school and community groups, giving them close access to the arts and artists.”

    Anne-Marie Barnard, Executive Director, Battat Art Centre

    Quick facts

    • The federal government is investing $10,227,308 in this project through the Green and Inclusive Community Buildings (GICB) program.

    • The GICB program was created in support of Canada’s Strengthened Climate Plan: A Healthy Environment and a Healthy Economy. It is supporting the Plan’s first pillar by reducing greenhouse gas emissions, increasing energy efficiency, and helping develop higher resilience to climate change. 

    • The program is providing $1.5 billion over five years towards green and accessible retrofits, repairs or upgrades. 

    • At least 10% of funding is allocated to projects serving First Nations, Inuit, and Métis communities, including Indigenous populations in urban centres.

    • The application period for the Green and Inclusive Community Buildings program is now closed.

    • Launched in 2021, le Programme d’innovation en construction bois (PICB) of the Government of Quebec has already funded 31 innovative projects as of March 31, 2024.

    • The PICB is part of Objective 10 of the Policy for the Integration of Wood in Construction, and its funding comes from the Quebec Government’s 2030 Green Economy Plan.

    Associated links

    Contacts

    For more information (media only), please contact:

    Sofia Ouslis
    Communications Advisor
    Office of the Minister of Housing, Infrastructure and Communities
    sofia.ouslis@infc.gc.ca

    Media Relations
    Housing, Infrastructure and Communities Canada
    613-960-9251
    Toll free: 1-877-250-7154
    Email: media-medias@infc.gc.ca
    Follow us on X, Facebook, Instagram and LinkedIn
    Web: Housing, Infrastructure and Communities Canada

    Patricia Larivière
    Press Relations
    Citoyen Relations for CAB- Centre d’art Battat
    514-244-9033
    patricia.lariviere@citizenrelations.com

    Media Relations
    Ministère des Ressources naturelles
    et des Forêts du Québec
    medias@mrnf.gouv.qc.ca
    Tél. : 418 521-3875

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI USA: Congressman David Scott Calls on House and Senate Appropriators to Protect Arts Education Funding in FY25

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    WASHINGTON- Today, Congressman David Scott (GA-13), Ranking Member of the House Agriculture Committee, and Congresswoman Suzanne Bonamici (OR-1), Ranking Member of the House Education and Workforce Subcommittee on Early Childhood, Elementary, and Secondary Education, sent a letter to House and Senate Appropriations Committee leaders urging them to provide no less than $36.5 million for the Assistance for Arts Education (AAE) program in Fiscal Year 2025.

    “While Senate appropriators provided $36.5 million for AAE arts education funding, the program would receive $0 if the House bill were to become law. This is wrong and would make it virtually impossible for the Education Department to fulfill its obligation to assist school districts carry out AAE award commitments,” said Congressman David Scott. “During National Arts and Humanities Month, it is vital for Congress to provide robust funding in order to protect student access to arts education. I strongly believe participation in the arts plays a crucial role in improving academic and social-emotional skills, increasing civic engagement, and decreasing disciplinary infractions. House and Senate appropriators must guarantee an adequate FY25 AAE funding amount consistent with previous bipartisan negotiations.”

    “The arts are an important part of well-rounded education,” said Congresswoman Suzanne Bonamici. “Arts education helps students stay engaged in school, fosters creativity, inspires confidence, and benefits students regardless of what career they eventually pursue. Unfortunately, many public schools lack sufficient funding to sustain arts curriculum. I’m grateful to join my colleague Rep. Scott in calling on Congress to provide necessary federal funding so all students can experience the enhanced learning provided by arts education.”

    Since 2015, the federal government has considered the arts, such as music, dance, theater, visual arts, and more, a part of a well-rounded education. Further, all 50 states plus the District of Columbia have adopted elementary and secondary arts education standards. Unfortunately, the number of students with access to arts education has shrunk in recent decades, as only 23 states provide dedicated funding for arts education or have the resources to operate a state-funded school for the arts.

    To combat this decline, the Assistance for Arts Education program (AAE), the only dedicated source of federal arts education funding, increases access to arts education for all students, including students with disabilities and those from historically disadvantaged communities, and provides professional development for educators. Under the House Appropriations proposal, AAE would receive $0 in funding. Additionally, the letter urges appropriators to remove harmful language stating that the Department of Education must only provide funding for reading, writing, and math. Congress must pass an FY25 funding bill that protects access to arts education for students by funding AAE and striking this harmful language.

    The text of the letter can be found HERE.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI USA: Interest Rate Risk -— When Interest Rates Go Up, Prices of Fixed-Rate Bonds Fall (PDF)

    Source: Securities and Exchange Commission

    The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to make investors aware that market interest rates and bond prices move in opposite directions—for example, when market interest rates go up, prices of fixed-rate bonds fall. Read More

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Canada: Tourism offers a taste of Newfoundland and Labrador

    Source: Government of Canada News

    News release

    From fresh seafood caught from the Atlantic Ocean to foraged ingredients found along coastal trails to incredible protein and produce from local farms, Newfoundland and Labrador offers visitors a unique and immersive culinary experience. The Government of Canada, together with the Government of Newfoundland and Labrador, is investing to help expand and promote the region’s culinary tourism offerings.

    Federal, provincial governments invest to help Hospitality Newfoundland and Labrador expand tourism offerings

    October 18, 2024 · St. John’s, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)

    From fresh seafood caught from the Atlantic Ocean to foraged ingredients found along coastal trails to incredible protein and produce from local farms, Newfoundland and Labrador offers visitors a unique and immersive culinary experience. The Government of Canada, together with the Government of Newfoundland and Labrador, is investing to help expand and promote the region’s culinary tourism offerings.

    Investments helping to expand culinary tourism

    Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA, announced a non-repayable federal investment of $981,000 to help Hospitality Newfoundland and Labrador promote and develop culinary experiences in the province.

    The Honourable Sarah Stoodley, Minister of Immigration, Population Growth and Skills

    and Minister Responsible for Francophone Affairs, also announced a contribution of $246,000 on behalf of the Government of Newfoundland and Labrador’s Department of Industry, Energy and Technology.

    This project will help promote Newfoundland and Labrador as a one-of-a-kind culinary destination, encouraging visitors to stay longer and explore more – and boosting year-round tourism revenue everywhere in the province.

    Elevating Tourism in Atlantic Canada

    Minister Hutchings also launched Elevate Tourism – a new, time-limited initiative to help private sector (commercial) tourism businesses attract more high-impact, value-driven visitors from outside Atlantic Canada. Nearly half these visitors are looking for trips that give them an elevated experience. The repayable initiative will help businesses develop high-quality products and experiences that reflect Atlantic Canada’s unique character and offerings.

    For more information about Elevate Tourism and eligibility criteria, please see the associated links below.

    The Government of Canada is committed to supporting the long-term sustainability of local agriculture and food systems and to helping Atlantic Canadian tourism operators develop fresh approaches and innovative ways to grow their businesses, all while creating meaningful jobs and world-class experiences that bring visitors to its shores.

    Quotes

    “A food experience brings us together – across our cultures, across communities and across countries. Culinary tourism gives visitors another experience in Newfoundland and Labrador.  We have unique flavours, talented chefs and cooks and our famous hospitality. So from festivals to fishing, foraging, farming and breweries and more, we have something for everyone.”

    –        The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA


    “Hospitality Newfoundland and Labrador is working to foster a culinary tourism ecosystem that supports local communities, preserves cultural heritage and creates economic opportunities to advance the tourism sector. Through this project, the province will build on its reputation as a culinary destination and encourage community building and sustainable economic development while also encouraging regional partnerships.”

          –    The Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology 

     

    “The kitchen tables of Newfoundland and Labrador have been welcoming folks from far and wide for centuries.  Sharing the bountiful wit, charm and humour of the people of the province around these tables has become legendary across Canada and the World. Today’s announcement recognizes the importance of not only who is around those tables – but what is on those tables. This investment in the Food & Beverage industry of Newfoundland and Labrador will enhance the edible experiences that are offered across the province and be a catalyst to elevate the level and diversity of the human hospitality that we are so known for.”

    –        Chef Todd Perrin, Food and Beverage Representative, Board of Directors, Hospitality Newfoundland and Labrador

    Quick facts

    • Food tourism focuses on exploring a destination through its local food and drink offerings, while providing visitors with experiences centered around culture, culinary traditions and local ingredients.

    • The federal funding announced today is delivered through the Atlantic Canada Opportunities Agency (ACOA)’s Regional Economic Growth through Innovation (REGI) program.

    • The Province of Newfoundland and Labrador’s investments are delivered through the Department of Industry, Energy and Technology’s Regional Development Fund.

    • Since the pandemic, investment in tourism in Canada has recovered to 98% of its level in 2019, compared to just 88% in Atlantic Canada.

    Associated links

    Contacts

    Connor Burton

    Press Secretary

    Office of the Minister of Rural Economic Development and of the Atlantic Canada Opportunities Agency

    Connor.Burton@acoa-apeca.gc.ca

    Paul McGrath

    Director of Communications

    Atlantic Canada Opportunities Agency

    709-689-5731

    Paul.Mcgrath@acoa-apeca.gc.ca

    Brodie Thomas

    Media Relations Manager

    Industry, Energy and Technology

    709-729-5248, 709-725-3759

    brodiethomas@gov.nl.ca

    Craig Foley

    Chief Executive Officer

    Hospitality Newfoundland and Labrador

    709-722-2000

    cfoley@hnl.ca

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI Canada: New Stratford event space to welcome visitors and residents

    Source: Government of Canada News

    Government support for waterfront development project opens opportunities for celebrations, promotion of culture and history  

    October 18, 2024 · Stratford, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)

    As one of the fastest growing communities in PEI, the Town of Stratford is committed to meeting the needs of its residents by increasing access to health and wellness services, cultural activities, and new business opportunities. The Government of Canada understands that investments in community infrastructure bring long-term economic benefits with improved quality of life for all.

    A place to celebrate

    Today, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food and Member of Parliament for Cardigan, attended the grand opening of the new Stratford Waterfront Gathering and Event Space, and announced a total investment of $500,000 to the Town of Stratford to support the extensive boardwalk and event ground upgrades. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.

    Minister MacAulay was joined by Stratford Deputy Mayor Steve Gallant and the Honourable Gilles Arsenault, PEI Minister of Environment, Energy, and Climate Action.

    The new gathering space, part of a larger waterfront core area development plan, features prominently the existing Michael Thomas Statue and Diversity Fountain, erected in 2014. Additions include an extended timber boardwalk and large plaza with seating, lookout platforms, electrical for outdoor performances, as well as lighting upgrades along the boardwalk. The investment will promote active transportation, elevate tourism, and support business growth within the community.

    Today’s announcement further demonstrates the Government of Canada’s dedication to a more inclusive, greener, and sustainable future for communities in Atlantic Canada.

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI USA: Year-End Investment Considerations for Individual Investors (PDF)

    Source: Securities and Exchange Commission

    The SEC’s Office of Investor Education and Advocacy and the Financial Industry Regulatory Authority (FINRA) are issuing this Investor Bulletin to provide individual investors with a few suggestions for year-end investment planning as the year draws to a close. Read More

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Canada: Construction of an 88-place French-language daycare centre in Val Therese: A major investment in early childhood

    Source: Government of Canada News

    The Government of Canada announces a significant investment to promote the vitality of official-language minority communities.

    VAL THERESE, Ontario, October 18, 2024

    Investing in Francophone daycare centres and French education promotes the vitality of official language minority communities and strengthens their sense of belonging.

    Today, Marc G. Serré, Parliamentary Secretary to the Minister of Energy and Natural Resources and to the Minister of Official Languages, and Member of Parliament (Nickel Belt), accompanied by Viviane Lapointe, Member of Parliament (Sudbury), announced an investment of more than $4.2 million in a daycare centre in Val Therese and the EarlyON Centre in Ontario. They made the announcement on behalf of the Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages.

    The investment will allow for the construction of a new 88-place daycare centre in Val Therese, a project that will meet the growing needs of families in the community. This daycare centre will have five rooms: one for 10 infants, two for 30 toddlers, and two for 48 preschool-aged children. The official opening is scheduled for September 2025.

    This initiative is in addition to another project, the construction of the new French Catholic elementary school in Val Therese. The integration of a daycare centre into this school will allow children to start learning in a French-speaking institution from early childhood, strengthening their education in the French language from an early age.

    This project reflects the Government of Canada’s ongoing commitment to supporting French-language education and early childhood services, while promoting the development of local community educational infrastructure.

    The investment was made through the Action Plan for Official Languages 2023–2028: Protection–Promotion–Collaboration, unveiled on April 26, 2023.

    The Ontario government’s investment in the daycare centre and the EarlyON Centre amounts to nearly $1.4 million.

    John Fragos
    Communications Advisor
    Office of the Minister of Employment, Workforce Development and Official Languages
    john.fragos@hrsdc-rhdcc.gc.ca

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI USA: Five Years Ago: First All Woman Spacewalk

    Source: NASA

    The fifth anniversary of the first all-female spacewalk by NASA astronauts Christina H. Koch and Jessica U. Meir seems like a good time to tell the story of women spacewalkers. Since the first woman stepped outside a spacecraft in 1984, 23 women from four nationalities have participated in 61 spacewalks. These women made significant contributions to their national and international programs, conducting pioneering work during their spacewalks. Their accomplishments include servicing of satellites, assembly and maintenance of space stations, conducting research, and testing new spacesuits. Since the first spacewalk performed by a woman in 1984, women have displayed their contributions in performing extravehicular activities and there has even been four all women spacewalks since then.
    Table listing women with spacewalk experience.
    As of Oct. 18, 2024, 79 women have flown in space, and 23 of them have donned spacesuits of different designs and stepped outside the relative comfort of their spacecraft to work in the harsh environment of open space. The various spacesuits, Russian Orlan, American Extravehicular Mobility Unit, Chinese Feitian-2, and SpaceX’s new design, all provide protection from the harsh environment, essentially turning the astronauts into individual spaceships. They all provide the crew members with the ability to carry out complicated tasks in open space.
    Left: Soviet cosmonaut Svetlana Y. Savitskaya during her historic spacewalk outside the Salyut 7 space station. Middle: NASA astronaut Kathryn D. Sullivan during her historic spacewalk during STS-41G. Right: NASA astronaut Kathryn C. Thornton on her second spacewalk on STS-61.
    Soviet cosmonaut Svetlana Y. Savitskaya made history on July 17, 1984, as the first woman to make a second trip into space, on her second visit to the Salyut 7 space station. Savitskaya made history again on July 25 as the first woman to participate in a spacewalk. During the 3-hour 35-minute excursion, Savitskaya tested a multipurpose tool for electron beam cutting, welding, soldering, and brazing.
    Less than three months later, on Oct. 11, NASA astronaut Kathryn D. Sullivan completed the first spacewalk by an American woman from space shuttle Challenger during the STS-41G mission. Sullivan helped test the in-orbit transfer of hydrazine using the Orbital Refueling System. With Sally K. Ride as one of Sullivan’s crewmates, the flight marked the first time a space crew included two women.
    NASA astronaut Kathryn C. Thornton completed her first spacewalk in 1992 during STS-49, the second American woman to walk in space. During this excursion, Thornton tested assembly techniques for the future space station. Thornton earned the recognition as the first woman to make more than one spacewalk when she completed two spacewalks on STS-61, the first mission to service the Hubble Space Telescope.
    Left: NASA astronaut Linda M. Godwin, the first woman to conduct a spacewalk at Mir during STS-76. Middle left: NASA astronaut Tamara E. Jernigan, the first woman to perform a spacewalk at the International Space Station during STS-96. Middle right: Expedition 2 NASA astronaut Susan J. Helms, the first female long-duration crew member to conduct a spacewalk during the STS-102 docked phase. Right: Godwin during STS-108, the first woman to complete spacewalks at Mir and the space station.
    NASA astronaut Linda M. Godwin has the distinction as the first woman of any nationality to conduct a spacewalk at Mir. As a member of the STS-76 crew, on March 27, 1996, she took part in a 6-hour 2-minute spacewalk to install handrails and four space exposure experiments onto Mir’s Docking Module. Godwin returned to space on STS-108, and on Dec. 10, 2001, took part in a spacewalk lasting 4 hours 12 minutes to install insulation blankets on the space station, earning the title as the first woman to conduct spacewalks at both Mir and the space station.
    NASA astronaut Tamara E. Jernigan conducted the first spacewalk by a woman at the embryonic International Space Station. On May 29, 1999, during STS-96, the second space station assembly flight, Jernigan participated in a 7-hour 55-minute spacewalk to install U.S. and Russian cargo cranes, foot restraints, and tool bags.
    Expedition 2 NASA astronaut Susan J. Helms performed a spacewalk on March 11, 2001, during the STS-102 docked phase to relocate the Pressurized Mating Adaptor-3 (PMA-3) from Node 1’s nadir port to a berth on its port side, to enable the berthing of the Leonardo Multi-Purpose Logistics Module. This marked the first time a woman long-duration crew member performed a spacewalk. Its 8-hour 56-minute duration makes it the longest spacewalk in history.
    A collage of NASA astronaut Peggy A. Whitson’s 10 spacewalks during space station Expeditions 5, 16, and 50/51.
    As an Expedition 5 flight engineer, NASA astronaut Peggy A. Whitson participated in her first spacewalk on Aug. 16, 2002. Clad in an Orlan spacesuit and using the Pirs module airlock, she assisted in the installation of six debris shield panels on the Zvezda Service Module. Whitson completed her next five spacewalks, wearing Extravehicular Mobility Units and using the Quest airlock, as commander of Expedition 16, one of the busiest assembly and reconfiguration periods at the space station. The primary objectives for the first three of these spacewalks, conducted on Nov. 9, Nov. 20, and Nov. 24, involved relocating the Harmony Node 2 module and PMA-2 to the front of Destiny and preparing Harmony for the arrival of the Columbus module. Work during the fourth and fifth excursions on Dec. 18 and Jan. 30, 2008, had Whitson conduct inspections and maintenance on the station’s solar array joints. During her next mission to the space station, a 289-day stay that set a new record as the longest single flight by a woman, she completed a further four spacewalks. During Expedition 50, on Jan. 6, 2017, she upgraded the station’s power system by installing three new lithium-ion batteries, and on March 30 installed electrical connections to the PMA-3 recently relocated to Harmony’s top-facing port.
    During Expedition 51, as station commander once again, Whitson stepped outside on May 12 to replace an avionics package on an external logistics carrier and installed a protective shield on PMA-3. Her 10th and final excursion involved a contingency spacewalk to replace a backup data converter unit that failed three days earlier. With her 10 excursions, Whitson shares a seven-way second place tie for most spacewalks; only one person has conducted more. And with regard to total spacewalk time, she places sixth overall, having spent a total of 60 hours, 21 minutes outside the station.
    Left: During STS-115, NASA astronaut Heidemarie M. Stefanyshyn-Piper conducts the first of her five career spacewalks. Middle: During STS-116, NASA astronaut Sunita L. Williams after the conclusion of the  first of her seven career spacewalks. Right: Expedition 20 NASA astronaut Nicole P. Stott during her STS-128 spacewalk.
    During STS-115, NASA astronaut Heidemarie M. Stefanyshyn-Piper participated in two of the mission’s three spacewalks. The primary tasks of the excursions on Sept. 12 and 15, 2006, involved the addition of the P3/P4 truss segment including a pair of solar arrays to the station. During her second visit to the space station on STS-126, Stefanyshyn-Piper completed three more spacewalks on Nov. 18, 20, and 22, 2008. Tasks accomplished during these excursions included performing maintenance on one of the solar array joints, replacing a nitrogen tank, and relocating two equipment carts.
    During Expedition 14, NASA astronaut Sunita L. Williams completed four spacewalks. During the first excursion during the STS-116 docked phase on Dec. 16, 2006, the primary task involved the reconfiguration of the station’s power system. The primary tasks for Williams’ three Expedition 14 spacewalks on Jan. 31, Feb. 4, and Feb. 8, 2007, involved completing the reconfiguration of the station’s cooling system. As a flight engineer during Expedition 32, Williams conducted spacewalks on Aug. 30, 2012, to replace a faulty power routing unit and prepare the station for the arrival of the Nauka module, and on Sept. 5, 2012, to install a spare power unit. During Expedition 33, Williams assumed command of the station, only the second woman to do so, and during a spacewalk on Nov. 1, 2012, repaired an ammonia leak. Across her seven spacewalks, Williams spent 50 hours 40 minutes outside the station.
    Expedition 20 NASA astronaut Nicole P. Stott completed her one and only spacewalk on Sept. 1, 2009, during the STS-128 docked phase. The objectives of the 6-hour 35-minute excursion involved preparing for the replacement of an empty ammonia tank and retrieving American and European experiments from the Columbus module.
    Left: NASA astronaut Tracy C. Dyson during Expedition 24, at the conclusion of the first of her four career spacewalks. Middle: During Expedition 48, NASA astronaut Kathleen H. Rubins takes the first of her four career spacewalks. Right: Expedition 59 NASA astronaut Anne C. McClain on the first of her two spacewalks.
    On July 24, 2010, during Expedition 24, one of the station’s ammonia pump modules failed. The loss of coolant forced controllers to shut down several critical station systems although neither the vehicle nor the crew were ever in danger. The failure resulted in two of the Expedition crew members including NASA astronaut Tracy C. Dyson performing three contingency spacewalks on Aug. 7, 11, and 16, 2010, to replace the pump module. The repairs took nearly 23 hours of spacewalking time. During her next mission, Expedition 71, Dyson began a spacewalk on June 24, 2024, but a leak in her suit forced the cancellation of the excursion after 31 minutes.
    NASA astronaut Kathleen H. Rubins completed two spacewalks during Expedition 48. During the first, on Aug. 19, 2016, she helped to install the first of two international docking adapters (IDA) to PMA-2 located at the forward end of Harmony. The IDA allows commercial spacecraft to dock autonomously to the space station. During the second excursion on Sept. 1, she retracted a thermal radiator, tightened struts on a solar array joint, and installed high-definition cameras on the outside of the station. Rubins conducted two more spacewalks during her second mission, Expedition 64. On Feb. 28, 2021, she began to assemble and install modification kits for upcoming solar array upgrades, completing the tasks during the next spacewalk on March 5.
    During her first spacewalk on March 22, 2019, Expedition 59 NASA astronaut Anne C. McClain replaced older nickel hydrogen batteries with newer and more efficient lithium-ion batteries. McClain ventured out for her second spacewalk on April 8 to install a redundant power circuit for the station’s Canadarm robotic arm and cables for more expansive wireless coverage outside the station.
    Left: Expedition 59 NASA astronaut Christina H. Koch during the first of her six career spacewalks. Right: NASA astronauts Jessica U. Meir, left, and Koch, assisted by their Expedition 61 crewmates, prepare for the first all-woman spacewalk.
    During Expedition 59, Koch conducted her first spacewalk on March 29. She helped to install three newer lithium-ion batteries to replace six older nickel hydrogen batteries. The Expedition 61 crew conducted a record nine spacewalks between October 2019 and January 2020, and women participated in five of them. Koch’s second and third spacewalks on Oct 6 and 11 continued the work of replacing the station’s batteries.
    Koch and fellow NASA astronaut Jessica U. Meir made history on Oct. 18 when they floated outside the space station to carry out the first all-woman spacewalk, one of several excursions to replace the station’s batteries. The capsule communicator (capcom), the person in the Mission Control Center at NASA’s Johnson Space Center in Houston who communicates with the astronauts in space, for this historic spacewalk was three-time space shuttle veteran Stephanie D. Wilson.
    “As much as it’s worth celebrating the first spacewalk with an all-female team, I think many of us are looking forward to it just being normal,” astronaut Dyson said during live coverage of the spacewalk.
    Koch and Meir conducted two more all-woman spacewalks on Jan. 15 and 20, 2020, continuing the battery replacement tasks. During her six spacewalks, Koch spent 44 hours 15 minutes outside. In addition to her spacewalk accomplishments, Koch set a new record of 328 days for a single spaceflight by a woman.
    Left: Wang Yaping during the first spacewalk by a Chinese woman astronaut from the Tiangong space station. Image credit: courtesy of CNSA. Middle: NASA astronaut Kayla S. Barron during the first of two spacewalks during Expedition 66. Right: During Expedition 67, Italian astronaut Samantha Cristoforetti conducts the first spacewalk by a woman from the European Space Agency.
    During her second trip into space, People’s Republic of China astronaut Wang Yaping launched aboard the Shenzhou 13 spacecraft as part of the second resident crew to live aboard China’s Tiangong space station. On Nov. 7, 2021, she stepped outside the space station, the first Chinese woman to do so, wearing a Feitian-2 spacesuit. She spent 6 hours 25 minutes installing a grapple fixture for the facility’s robotic arm.
    During Expedition 66, NASA astronaut Kayla S. Barron completed two spacewalks. During the first one, on Dec. 2, 2021, Barron replaced a faulty communications antenna. On March 15, 2022, during the second spacewalk, she assembled and installed modification kits required for future solar array upgrades.
    Italian astronaut Samantha Cristoforetti conducted the first spacewalk by a female European Space Agency astronaut. For the excursion on July 21, 2022, she wore an Orlan spacesuit and used the Poisk module airlock. Objectives of the spacewalk included deploying 10 nanosatellites, working to install the European robotic arm on the Nauka module, and reconfiguring cargo booms.
    Left: Chinese astronaut Liu Yang, left, during her spacewalk from the Tiangong space station. Image credit: courtesy of CNSA. Right. NASA astronaut Nicole A. Mann at the conclusion of her first spacewalk during Expedition 68.
    As a member of the third expedition aboard the Tiangong space station, Chinese astronaut Liu Yang participated in a spacewalk on Sept. 1, 2022. This marked the first use of the airlock in the Wentian module. Activities during the excursion included installing work stations and an additional cooling pump for the Wentian module.
    Expedition 68 NASA astronaut Nicole A. Mann participated in two spacewalks, on Jan. 20, and Feb. 2, 2023. Objectives of the excursions included assembling and installing brackets for upcoming solar array upgrades.
    Left: Laurel A. O’Hara, left, and Jasmin Moghbeli, right, prepare for their spacewalk during Expedition 70. Right: SpaceX astronaut Sarah L. Gillis performs the first commercial spacewalk by a woman during the Polaris Dawn mission.
    During Expedition 70, NASA astronauts Jasmin Moghbeli and Loral A. O’Hara performed the fourth all-woman spacewalk. The primary activity during the excursion involved replacement of bearings in a solar array joint.
    SpaceX employee Sarah L. Gillis performed the first female commercial spacewalk during the Polaris Dawn mission on Sept. 12, 2024. During the 1 hour 46 minute excursion, Gillis tested the flexibility of the SpaceX designed spacesuit.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Canada: Government of Canada invests in innovation and growth with support for EVAH Corp.

    Source: Government of Canada News

    The business receives a total of $800,000 in financial assistance from CED.

    The business receives a total of $800,000 in financial assistance from CED.

    Laval, Quebec, October 18, 2024 – Canada Economic Development for Quebec Regions (CED)

    Supporting innovation and growth contributes to economic development in Quebec’s regions. That is why Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED, the Honourable Soraya Martinez Ferrada, today announced two repayable contributions totalling $800,000 for EVAH Corp. This CED support has enabled the business to cover external professional fees and to acquire equipment to ensure its growth by establishing a laboratory and research and development office in Laval focusing on animal health.

    Founded in 2020, EVAH Corp., a biotechnology business that first began operating in Saint-Hyacinthe, works in the animal health sector. The business is positioning itself in an international market where the research and development of alternatives to traditional antibiotics is necessary. Its team of managers and scientists are focusing on the acquisition and development of technologies and collaborating with research and development experts to bring its solutions to the pre-commercialization stage.

    An initial contribution of $500,000 has made it possible to cover external professional fees related to the certifications needed for technologies and scientific conferences, as well as professional fees related to the protection of intellectual property. The second contribution, in the amount of $300,000, has enabled EVAH Corp. to acquire and install laboratory and research equipment, including two collaborative robots, a biosafety cabinet, a spectrophotometer, a gel apparatus, as well as a centrifuge and ultracentrifuge.

    The Government of Canada recognizes and supports innovative businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they are key assets in building a sustainable, inclusive economy.

    Quotes

    “Our government is committed to investing to ensure our SMEs remain competitive and innovative. Thanks to CED’s support, Laval’s EVAH Corp. has been able to cover professional fees and acquire and install laboratory and research equipment to continue to innovate in the life sciences field. We are here to assist workers and Quebec and Canadian SMEs by helping them equip themselves well to build a stronger, more resilient, more sustainable economy together.”

    Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED

    “Helping a business grow and innovate so it can share an important technology with those living in Canada is a priority for our government. That is why we are supporting this promising project by EVAH Corp., which recently opened its new scientific laboratories in Laval. Its success and the spin‑offs of its projects will be felt across the Greater Montréal region and throughout the Quebec and Canadian economy as a whole. I am delighted with our government’s assistance for this business and the impact EVAH Corp. will have on the animal health sector.”

    The Honourable Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED

    “We are grateful for the federal government’s support, which is enabling us to continue to innovate in the field of animal health. This new infrastructure in Laval marks an important step in EVAH Corp.’s growth and strengthens our ability to offer innovative solutions to meet the growing needs of the industry both in Canada and internationally.”

    Michel Fortin, Co‍-‍founder and President and CEO, EVAH Corp.

    Quick facts

    • The funding announced today has been granted under the Jobs and Growth Fund (JGF). This program targets businesses and economic organizations to help them prepare local economies for long‑term growth. This involves strategic investments in projects that will reduce Canada’s environmental impact and foster a green, resilient economy.
    • Funding has also been provided under CED’s Regional Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
    • In Quebec, SMEs account for 99.7% of the province’s businesses and 50% of its GDP.
    • CED is the key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.

    Associated links

    Information

    Media Relations
    Canada Economic Development for Quebec Regions
    media@dec-ced.gc.ca

    Marie-Justine Torres
    Press Secretary
    Office of the Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions
    Cell: 613-327-5918
    marie-justine.torresames@ised-isde.gc.ca

    Stay connected

    Follow CED on social media
    Consult CED’s news

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Remarks by SCST and AD of AFCD (Inspection and Quarantine) on incident of animal death at HKZBG at media session

    Source: Hong Kong Government special administrative region

         Following is the remarks by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung; and the Assistant Director of Agriculture, Fisheries and Conservation (Inspection and Quarantine), Dr Thomas Sit, on the incident of animal death at the Hong Kong Zoological and Botanical Gardens (HKZBG) this afternoon (October 18):Secretary for Culture, Sports and Tourism: Eight monkeys were found dead in the Hong Kong Zoological and Botanical Gardens on October 13, while two others feeling unwell were being isolated, and one of which passed away on October 14.     With concerted efforts from relevant departments, expedited autopsies, pathologic diagnosis and tests, and after discussions among the relevant departments, it is confirmed that the monkeys’ death is due to infection of melioidosis. We are saddened by the passing of the nine monkeys.     Under normal circumstances, melioidosis infection is through contact with contaminated soil and surface waters but not person-to-person or animal-to-person.     The park had soil digging works in early October. Together with the following possibilities, the monkeys might have had contact with the bacteria.• Staff working at the Mammals Section carried the contaminated soil with the shoes they wore to the cages, or• Infected monkeys with high counts of bacteria in close contact with other monkeys etc.     In addition, the incubation period for melioidosis in primates is about a week, and this matched with the period after the soil digging works. The nine monkeys died of melioidosis may be related to the soil digging works in proximity.     The LCSD has already taken several precautionary measures after animals were found dead:1) The Mammals Section of the Gardens (HKZBG) has been closed since October 14.2) Thorough disinfection and cleaning have been carried out in the animal cages involved.3) Appropriate protective gear have been provided to staff who work there and staff’s health condition is being closely monitored. At present, their health is normal.4) Staff concerned are all tested negative for the bacteria.     We will continue monitoring the mammals in the gardens and remind staff to pay attention to their own condition, and to report immediately if any of them feels unwell.Reporter: Did the monkeys show any symptoms of the disease? Why operators did not realise that prior to their death? Because this is also a disease which can also affect human, is there a need to close the whole facility to prevent visitors from being affected?Secretary for Culture, Sports and Tourism: Let me tackle the second question first, whether there is a need to close down the whole garden. As I said, we have taken all the cleansing and disinfection measures on the cages. So, with all these measures, we believe that it is now clean and free of the bacteria. We have also cordoned off the whole Mammal Section for the time being, so there will be no sort of contact between normal citizens and the animals. At this stage, I think these measures are sufficient to protect both the citizens as well as the animals in the zoo.Assistant Director of Agriculture, Fisheries and Conservation (Inspection and Quarantine): As far as I know, according to the vet in charge of the Hong Kong Zoological and Botanical Gardens, he said before that the animals have already lost their appetite. They were a bit of inappetence and a bit quieter than normal. The onset of all the clinical signs only took two days, and then there was a sudden death of animals. The vet has already taken all the measures to treat the monkeys. However, these affected monkeys could not make it. And he had to perform post-mortem and isolate other animals to prevent further spread of the disease.(Please also refer to the Chinese portion of the remarks.)

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI United Kingdom: Talk to help navigate the new AI-powered world

    Source: Anglia Ruskin University

    Published: 18 October 2024 at 15:51

    Chelmsford Science Festival event aims to help us make sense of rapid changes

    Artificial intelligence (AI) is rapidly changing the world we live in, and a talk at the Chelmsford Science Festival is aimed at helping people make sense of these rapid changes, and how they will affect them.

    During the talk at Anglia Ruskin University (ARU) on Thursday, 24 October, ARU expert Dr Chris Callaghan will discuss the benefits and drawbacks of a new world driven by AI, and how governments, financial markets and society will need to adapt.

    In the interactive talk he will highlight some of his unique findings from work in leading journals, especially his recent focus on AI and technological change and its profound societal impacts. 

    Dr Callaghan will draw on research published in European Management Review, where it is argued that in the face of the climate emergency and other existential threats, academic fields need to work together more closely.

    He will discuss how AI allows different areas of academia such as biology, physics and economics, which previously had operated in silos, to complement each other and work together to create rapid changes in the way we live and work.

    Dr Callaghan, Senior Lecturer in the School of Management at Anglia Ruskin University (ARU), said:

    “AI is new to us and there have been dire warnings about how it will replace jobs or create extreme unwanted consequences like overtaking human intelligence and causing an existential threat to our existence. 

    “The truth is AI has potential to be all-encompassing, cutting across all scientific disciplines and completely changing how we live. As a result, there will be some negatives but also lots of positives, and just like the way we live today, there will be winners and losers.

    “No one area of science ‘owns’ AI and that is potentially very exciting because experts from all different areas of science will be able to collaborate more freely, potentially driving significant, rapid improvements to how we live.

    “These changes are happening extremely fast and it can be overwhelming for people. This talk will explain what is happening, and how we can navigate the rapid changes coming our way.

    “We need to be proactive and ensure our voices are heard, so that we can have some input into a future that is unfolding right now.”

    The talk will take place at Anglia Ruskin University’s Chelmsford campus at 6.30pm on Thursday, 24 October. Places are free but must be booked in advance. Visit https://www.eventbrite.co.uk/e/navigating-the-tech-revolution-understanding-ais-impact-on-our-future-tickets-1027113814067 to book.

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI United Kingdom: Over 400 residents take part in Victoria Street vision survey in first three weeks

    Source: St Albans City and District

    Publication date: 18 Oct 2024

    A public engagement survey to develop a community vision for Victoria Street, St Albans, has seen an impressive response, with over 400 people participating in the first three weeks.
     

    A collaboration between Hertfordshire County Council and St Albans District Council, this initiative aims to establish a community vision for enhancing the vital route between St Albans City train station and the city centre prior to any design work taking place.
     

    The early engagement process, which runs until Tuesday 12 November, has already included two in-person events in St Albans, where residents had the opportunity to share their ideas and feedback directly with the project team through interactive activities and discussion.
     

    Although there are no specific plans yet, the feedback from the 6-week process will help the Councils understand the need for sustainable changes on Victoria Street and decide whether to move forward with the project. The survey results will also guide the project team in setting community priorities for future designs, which could include:

    • Wider, more accessible pavements
      More planting, trees and greenery.
      Spill out space for cafes and businesses to use
      Safe, protected cycle routes to the station
      More frequent bus services to a wider range of destinations.
      Safer places to cross

    Cllr Phil Bibby, Executive Member for Highways & Transport at Hertfordshire County Council, said: “It’s been very encouraging to have had so many views provided to date and shows how important Victoria Street is to the residents and businesses of St Albans. 

    “We want to hear from as many people as possible at this early stage of engagement. If you haven’t completed the survey, I’d urge you to take part or come to the final drop-in session on Wednesday 30 October. This really is your chance to help shape what Victoria Street could look like in the future.”

    Councillor Helen Campbell, Chair of the Public Realm Committee of St Albans City and District Council, said: “The feedback we have already had for the Victoria Street project is very impressive with more than 400 people having completed the survey.
     

    “The stall set up at the Charter Market to promote the scheme also attracted much interest and I am sure there will be a good attendance at the drop-in event later in October.
     

    “It shows that this project is causing considerable excitement and capturing the imagination of our residents. I urge those who have yet to give their views to do so and complete the survey.”
     

    The project seeks to create a sustainable, safe, and vibrant street that benefits the entire community, supports local businesses and boosts tourism.
     

    To find out more, residents are invited to attend a drop-in session at the Marlborough Road Methodist Church Hall on Wednesday 30 October, 4-7pm.
     

    For more information and to participate in the survey by Tuesday 12 November 2024, visit http://www.hertfordshire.gov.uk/VictoriaStreet.

    (News item produced in partnership with Hertfordshire County Council)

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI United Kingdom: Capabilities and challenges – public sector pensions

    Source: United Kingdom – Executive Government & Departments

    GAD has shared information with European counterparts on our role supporting Scottish and UK governments in their management of public service pension provision.

    Credit: Unsplash

    The Government Actuary’s Department (GAD) has shared insights into how we can help with various challenges facing the UK public sector pensions.

    Actuaries at GAD presented at the European Association of Public Sector Pension Institutions (EAPSPI) event, hosted by the Scottish Public Pensions Agency (SPPA) in Edinburgh.

    EAPSPI is a network of European organisations involved in public sector pensions. It provides a forum for the exchange of ideas, best practices and policy developments across various countries.

    Pension experts, policymakers, and stakeholders discussed issues around:

    • pension provision
    • reform
    • management

    Expertise and insights

    Delegates heard from GAD about insights into the actuarial valuation and cost control process for UK public service pension schemes.

    Attendees included representatives from various pension systems across Europe, allowing for a broad and comparative discussion on how different regions manage pension provision.

    GAD actuaries Greg Donaldson and Martin Smith presented detailed analyses of the cost control mechanism in place in the UK. This aims to maintain a fair balance of risk between the taxpayer and members of the schemes.

    Credit: Shutterstock

    UK and European comparisons

    One of the key themes of the event was comparing pension provision across different regions including the UK, Slovenia, Germany, Finland, Switzerland and Belgium.

    The event offered a unique opportunity to draw comparisons between these diverse systems, exploring how various countries address challenges such as:

    • pension adequacy
    • sustainability
    • demographic changes

    Evolving challenges

    Reflecting on the event, Greg Donaldson commented: “We were delighted to be invited by SPPA to attend this event. We shared information on GAD’s supporting role to both the Scottish and UK governments in their management of public service pension provision.

    “It was an excellent opportunity to engage with colleagues from across Europe and discuss the various ways in which pension schemes are adapting to evolving challenges.

    “The event facilitated the exchange of ideas and opinions. It’s clear that despite the differences in pension systems across Europe, there are many common themes and shared experiences.”

    Martin Smith added: “It was interesting learning about the issues facing other European countries in terms of public sector pension provision and discussing how each were analysing and approaching such issues. The audience were very knowledgeable and were engaged with the sessions presented.”

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    Updates to this page

    Published 18 October 2024

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI: Harbourfront Announces Acquisition of $1.2 Billion CIRO Dealer

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) — The Harbourfront Group (“Harbourfront”) today announced its acquisition of Rothenberg Wealth Management (“Rothenberg”). This deal includes a registered investment dealer under the Canadian Investment Regulatory Organization (“CIRO”) and a guaranteed investment certificate dealer.

    This latest acquisition brings Harbourfront’s approximate assets under administration (“AUA”) to CAD$8 billion and further expands the company’s presence in Québec and Alberta.

    “We’re thrilled to announce Harbourfront’s acquisition of Rothenberg; we share a strong cultural alignment and believe our increased scale and offering will allow us to better serve the clients of our combined firm,” said Danny Popescu, Chief Executive Officer and Founder of Harbourfront. “Our national success in wealth management comes from Harbourfront’s commitment to client service and our partnership model for advisors. Acquisitions of high-quality firms like Rothenberg will continue building our momentum as a leader among independent wealth firms.”

    As part of the transaction, Harbourfront is acquiring Rothenberg & Rothenberg Annuities, the firm’s life insurance and annuities company. Acquiring Rothenberg builds upon Harbourfront’s recent acquisition of Cornerstone Investment Counsel Ltd., completed in June 2024.

    “Finding the best opportunities for our advisors and their clients is an essential part of our job; we strongly believe Harbourfront Wealth is the premier choice to grow together for many years to come,” said Robert Rothenberg, Chief Executive Officer of Rothenberg Wealth Management.

    About Rothenberg Wealth Management
    Founded in 1986, Rothenberg is an independent Canadian employee-owned and client-focused investment firm, known for delivering holistic wealth planning and investment management serving thousands of Canadians from coast to coast, with offices in Montreal and Calgary. Learn more: http://www.rothenberg.ca.

    About Harbourfront Wealth Management
    Founded in 2013, Harbourfront Wealth Management is an independent wealth advisory and investment management firm headquartered in Vancouver, British Columbia, and has a rapidly growing network of over 30 branches across Canada. The Harbourfront Group includes a registered securities dealer/investment advisory firm servicing established advisors and their high-net-worth clients, an investment fund manager that specializes in third party managed alternative investment funds, and a U.S. SEC registered investment advisory firm. Learn more: http://www.harbourfrontwealth.com.

    Media Contact
    Andrea Magee, Communications Director
    Harbourfront Wealth Management
    amagee@harbourfrontwealth.com
    778.200.5179

    The MIL Network –

    January 24, 2025
  • MIL-OSI: LambdaTest Unveils Espresso 101 Certification to Enhance Android App Testing Skills Globally

    Source: GlobeNewswire (MIL-OSI)

    Noida / San Francisco, Oct. 18, 2024 (GLOBE NEWSWIRE) — LambdaTest, a leading cloud-based unified testing platform, has recently launched the Espresso 101 Certification to help developers validate their mobile application testing skills using Espresso, one of the popular testing frameworks for Android applications. This certification is designed to equip developers, testers, and quality assurance professionals with the necessary knowledge and skills to conduct efficient testing of Android applications in real-world scenarios.

    The Espresso 101 Certification offers a comprehensive practical experience that covers all aspects of mobile app testing using Espresso, from setting up the testing environment to writing robust test cases for Android applications. Users will gain a deep understanding of mobile test automation best practices through hands-on training, which includes step-by-step tutorials and real-world use cases to ensure they can effectively implement the Espresso framework in their work. Upon successful completion of the certification exam, users will receive a globally recognized certification, enhancing their professional credentials and showcasing their expertise in Android app testing.

    “As mobile applications for Android continue to dominate the software industry, the need for proficient mobile app testers is more critical than ever. The Espresso 101 Certification is part of LambdaTest’s ongoing commitment to help the global developer and testing community with the necessary tools to stay competitive in this evolving field,” said Asad Khan, CEO and Co-Founder of LambdaTest. “With this certification, we aim to bridge the skill gap and empower professionals to deliver high-quality Android applications more efficiently.“

    For more information on the Espresso 101 Certification, please visit: https://www.lambdatest.com/certifications/espresso-101

    About LambdaTest

    LambdaTest is an intelligent and omnichannel software quality assurance platform that enables businesses to accelerate time to market through AI-powered cloud-based test authoring, orchestration, and execution. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.

    • Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 5000+ different browsers, real devices, and operating system environments.

    • HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to reduce quality test time, helping developers build software faster.

    For more information, please visit, https://lambdatest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI China: Defense Ministry Spokesperson’s Remarks on Recent Media Queries Concerning the Military 2024-10-18 On the afternoon of October 15th, spokesperson for the Ministry of National Defense Senior Colonel Wu Qian answered recent media queries concerning the military.

    Source: People’s Republic of China – Ministry of National Defense 2

    On the afternoon of October 15th, spokesperson for the Ministry of National Defense Senior Colonel Wu Qian answered recent media queries concerning the military.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    (The following English text is for reference. In case of any divergence of interpretation, the Chinese text shall prevail.)

    I have four pieces of information at the top.

    The first one.

    At the invitation of China’s Ministry of National Defense, defense attachés from more than 60 countries including Pakistan, Singapore, South Africa, Jordan, the United Kingdom, Kazakhstan, Canada and Argentina went to the PLA Eastern Theater Command area on October 14th for a five-day visit. This visit will help them better understand the Chinese path to modernization, especially the great achievements made by the people’s military in the new era, and will advance the friendly cooperation between the PLA and their militaries.

    The second one.

    According to the annual plan and the consensus reached between China and Thailand, the Commando 2024 joint army training will be held in Yunnan Province from mid- to- late October. The training focuses on joint counter-terrorism operations, including manned/unmanned coordination, special blasting, helicopter fast-roping, and joint search and clearing. It aims to improve interoperability between the Chinese and Thai armies and bolster regional stability.

    The third one.

    The PLA Army Engineering University will host the 11th International Army Cadets Week (IACW) in Nanjing from October 28th to November 3rd. Officer cadets from military academies of countries including Argentina, Egypt, Italy, Pakistan, and Singapore will participate in the event. Under the theme of “Enhancing the Capability of Junior Officers for Future Warfare”, this year’s IACW will have themed discussions, leadership challenges, live-fire shooting training, cultural exchange and other activities. The IACW is a platform for officer cadets to communicate and learn from each other.

    The fourth one.

    The PLA Army Command College will host the Zhongshan International Forum in Nanjing from October 21st to 25th. Army representatives from over ten countries including Laos, Cambodia, Iran, Tanzania and Kazakhstan will participate in the event. Under the theme of “Future-oriented and New Type Modern Army”, the forum will have themed discussions on such topics as “objectives and trends in army development”, “theoretical innovation for army combat and training”, “army deployment in MOOTW”, and “cultivation of army commanders and staff officers”. The forum will facilitate exchanges and mutual learning among the participants, and promote theoretical innovation for army development.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    Question: It is reported that the recruitment of naval pilot cadets for 2025 has started. Please tell us more about it.

    Wu Qian: The PLA Navy recently launched the naval pilot cadet recruitment for 2025. As usual, eligible high school graduates and fresh graduates from universities either with a bachelor’s or master’s degree could apply. In reference to the recruitment standards in major naval powers, the PLA Navy has loosened the criteria on eye sight, widening the scope of applicants to include those who have received vision correction surgery. To meet takeoff/landing requirements for carrier-borne aircraft in complex sea conditions, the Navy has added such testing items as stereoscopic vision, visual contrast sensitivity, magnetic resonance imaging and chest CT scanning, as well as a 15-hour airborne ability screening, to make the recruitment more science-based and precise.

    Pursue your dream to fly in the Navy, and serve the country with dedication and loyalty. The recruitment of naval pilot cadets for 2025 started on October 15th. We welcome young people to join this cause for the brave and become dancers on the blade. For more details, please log on to http://www.hjzf.mil.cn.

    Question: Naval forces from the United States, Japan, India and Australia conducted Exercise Malabar in the Indian Ocean on October 8th. Some reports say this exercise is directed at China and can enhance the Quad mechanism among the four countries in security areas. What’s your comment?

    Wu Qian: China believes that security cooperation among relevant countries should not harm the interests of any third party or undermine regional peace and stability. The so-called Quad mechanism has become a sheer political tool for the United States to contain China and maintain its hegemony. We firmly oppose relevant parties to use China as an excuse to stir up confrontation and escalate regional tensions. A small circle bloc will not make any big difference. The Asia-Pacific should be a grand stage where countries join hands to cooperate, rather than an arena for geopolitical competition. We require relevant countries to give up their obsession with zero-sum mindset and put more efforts on protecting regional security, instead of doing the opposite.

    Question: It is reported that the Japanese Defense Ministry recently released reports and photos about the movements of the PLA Navy’s Liaoning aircraft carrier task group, which sailed around the Philippines, and was then joined by the aircraft carrier Shandong in Hainan. Please comment on that.

    Wu Qian: We have noticed the media hype by the Japanese side. The Japanese photographer is trying to catch headlines, and is showing off his or her techniques again. Recently, the PLA Navy sent the Liaoning aircraft carrier task group to conduct training in waters of the South China Sea. This is a routine arrangement within the annual plan that is aimed to enhance the task group’s combat capability. The PLA will routinely organize similar training activities in the future.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    Question: According to media reports, the US Government Accountability Office recently accused Raytheon of fraud in selling expensive weapons to Taiwan, which procured the Patriot missile system in 2013 and radar systems in 2017 from that company. A public opinion representative from the Kuomintang criticized US arms dealers as fraud dens. Do you have any comment?

    Wu Qian: We firmly oppose US provision of weapons to China’s Taiwan region. I believe what the reports revealed is only a tip of the iceberg. The Democratic Progressive Party Authorities have been doing everything to court their masters in the US to buy weapons, which only wasted the hard-earned money of people in Taiwan. It is evident that what they bought are pieces of junk that only benefited corrupted officials and arms dealers. There are growing opposition and dissatisfaction from the local people.

    Sky-high price and obsolete functions are two hallmarks of US arms sales to Taiwan. From mouldy bulletproof vest to expired ammunition to expensive missiles and radars, we can see that the Americans only care about American interests. “Taiwan Independence” is a dead end and outsiders are never reliable. Those who try to rely on US support for independence will only court their own destruction.

    Question: Japan’s new Prime Minister Shigeru Ishiba once suggested establishing an “Asian version of NATO” and working with Western countries in containing China. Officials from the Japanese Defense Ministry said China and Russia’s infringement upon Japan’s airspace is a regional and international concern. Please comment on that.

    Wu Qian: In disregard of fact on the ground, the Japanese side often hypes-up the non-existent “China threat” to divert the international community’s attention from its military expansion. China is strongly opposed to this approach. It is known to all that Japan has broken away from its pacifist constitution and “exclusively defense-oriented” policy in recent years, and largely enhanced its military preparedness, such behavior has put its Asian neighbors and the international community on high alert.

    We urge the Japanese side to stop forming exclusive military alliances and “cliques”, be very cautious with its words and deeds regarding military security, and do more for regional peace and stability.

    Question: The Israel Defense Force recently attacked the United Nations Interim Force In Lebanon (UNIFIL). What’s your comment? Are Chinese peacekeepers safe?

    Wu Qian: China is seriously concerned about and strongly condemns the Israeli military’s attack on the UNIFIL. China firmly opposes any attack on UN peacekeepers. We require a thorough investigation on the incident and hold those responsible accountable. We urge relevant parties to take real actions to prevent such an incident from happening again. The parties involved in the conflict must ensure the safety of the personnel and assets of the UNIFIL.

    The Chinese peacekeeping units in Lebanon are safe now. China is closely monitoring the security situation in Lebanon, and will take additional measures to strengthen security protection of our troops.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI: Andes Announces the AndesCore™ AX66 supporting RVA23, Multi-cluster, Hypervisor and Android

    Source: GlobeNewswire (MIL-OSI)

    Hsinchu, Taiwan, Oct. 18, 2024 (GLOBE NEWSWIRE) — Andes Technology, a leading supplier of high efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, today announces the AndesCore™ AX66 out-of-order superscalar multicore processor IP supporting the RVA23 profile. The AX66 is the 2nd member of the high-performance out-of-order AX60 series. Built on the success of the AX65 with the same 13-stage pipeline, 4-wide decode, and 8-wide out-of-order execution, the AX66 introduces many new features, including Vector and Vector Crypto support, Hypervisor and AIA, Multi-Cluster support with CHI, and RVA23 profile support. AX66’s versatile capabilities on performance scalability, multimedia, security, and virtualization makes it an ideal main processor in high-performance Linux and Android applications such as edge/data center AI, infotainment, networking, and vision/camera applications.

    The AX66 boosts the SpecInt2006 performance over the 1st generation AX65 by more than 15%. Each core has 64KB private L1 instruction and data caches and up to 1MB private L2 cache, and each cluster contains up to 8 cores and a shared L3 cache up to 32MB. Besides the IO coherence interface already in the AX65, the AX66 adds a Coherence Hub Interface (CHI) for multi-cluster coherence. With the CHI interface support, we can use much more AX66 CPUs to work together in the same cache-coherent domain.  Together with the Hypervisor, AIA and optional IOMMU technologies, the AX66 can fully virtualize the entire multi-cluster CPU subsystem for resource sharing and security. Moreover, the AX66 supports the RISC-V standard external debug and instruction trace interfaces to facilitate fast system development, analysis and debugging.

    “We are excited to announce our 2nd member of the top-of-the-line AX60 series, to further expand our portfolio,” said Dr. Charlie Su, President and CTO of Andes Technology. “We have added numerous features to the AX66, enabling its usage across a wide range of applications. With the RVV support, the AX66 can now handle more advanced AI/ML and multimedia applications. The inclusion of the Vector Crypto extension and the optional IOMMU provides the security capability for a modern day platform system. Additionally, the Hypervisor, AIA, CHI interface support make the AX66 suitable for the data center network applications such as Smart NIC or Data Processing Unit(DPU), and edge servers or devices running containerized applications. The inclusion of the RVA23 profile allows the AX66 to run Android OS on wearables, POS terminals, digital signage, and TV set-top boxes. We anticipate the AX66 to further penetrate high-end mainstream markets.”

    The AndesCore™ AX66 is to be available for lead customers in Q4 2024 through the early access program and for general customers in 2025. For further information about the AX66 and the AX60 series processors, please contact Andes Technology.

    About Andes Technology

    Nineteen years in business and a Founding Premier member of RISC-V International, Andes is a publicly-listed company (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099) and a leading supplier of high-performance/low-power 32/64-bit embedded processor IP solutions. Its V5 RISC-V CPU families range from tiny 32-bit cores to advanced 64-bit Out-of-Order processors with DSP, FPU, Vector, Linux, superscalar, automotive and/or multi/many-core capabilities. By the end of 2023, the cumulative volume of Andes-Embedded™ SoCs has surpassed 14 billion. For more information, please visit https://www.andestech.com . Follow Andes on LinkedIn, Twitter, Bilibili and YouTube!

    The MIL Network –

    January 24, 2025
  • MIL-OSI Security: Threats to Shoot Auto Shop Workers Gets Man Prison Sentence

    Source: Office of United States Attorneys

                WASHINGTON – Rashaud Williams, 30, of Washington, D.C., was sentenced yesterday to 80 months in prison for assault with a dangerous weapon and other related firearm charges, announced U.S. Attorney Matthew M. Graves and Chief Pamela A. Smith, of the Metropolitan Police Department (MPD).

                Superior Court Judge Errol Arthur sentenced Williams on October 17, 2024, to 60 months in prison for assault with a dangerous weapon and 60 months for possession of a firearm during a crime of violence, to run concurrently. Judge Arthur also sentenced him to 20 months in prison for threatening to injure or kidnap a person, to run consecutively.

                Williams was found guilty by a Superior Court jury on May 3, 2024.

                According to the government’s evidence, on August 1, 2023, Williams brought his car into a Petworth area auto shop for repairs. Later in the day, the shop owner called the defendant’s mother to tell her that the car would not be ready until the next day, after they obtained a needed part. Shortly after that call, Williams went to the auto shop and made threats to “shoot up” the entire establishment. The repairman’s girlfriend was there and tried to calm Williams down. Williams then turned the gun on her and threatened to shoot her, then pointed the gun at the owner before leaving.

                In announcing the sentence, U.S. Attorney Graves and Chief Smith commended the work of those who investigated the case from the Metropolitan Police Department and the U.S. Attorney’s Office for the District of Columbia. They also commended the work of Assistant U.S. Attorneys Emmanuel Hampton, Erica Rudolf, and Kathryn Bartz, who prosecuted the case.  

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Economics: Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 36,992 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to September (Q1-Q3) 2024, which represents a 12.5% year-on-year (YoY) decline over 42,288 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database disclosed that the volume of M&A deals declined by 6.7% during Q1-Q3 2024 compared to Q1-Q3 2023 while the number of private equity deals and venture financing deals experienced YoY fall of 8.9% and 22.2%, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The majority of the decline in global deal activity came from Q1 and Q2 while the impact was relatively much lesser in Q3. Although the deal activity continued to remain subdued in 2024, the impact seems to be diminishing in recent months or quarters. For instance, the decline in Q3 2024 compared to Q3 2023 remained at just 1%, whereas when compared between Q1 2024 and Q1 2023, the decline stood much higher at around 20% in Q1 2024.

    “The relatively lesser decline could be attributed to improving deal-making sentiments in some regions. In fact, the trend across regions also remained a mixed bag during Q1-Q3 2024, with regions like Asia-Pacific showcasing just a single-digit decline while North America experienced a double-digit decline.”

    North America experienced a 16% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023, whereas Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions saw respective deal volume fall by 13.6%, 6.8%, 7.6%, and 22.3% YoY.

    Bose adds: “Deal activity across several countries also remained a mixed bag, with some experiencing significant decline and some witnessing relatively lesser decline while few markets experienced improvement.”

    For instance, the US, the UK, China, Canada, Germany, France, Italy, the Netherlands, Spain, and Sweden witnessed YoY decline in deal volume by 15.4%, 7.2%, 22.8%, 21%, 17.9%, 30.8%, 9.4%, 16.7%, 20.2%, and 16%, respectively, during Q1-Q3 2024. Meanwhile, India, Japan, and Australia witnessed deal volume improve by 9.6%, 16.2%, and 2.2% during Q1-Q3 2024 compared to Q1-Q3 2023, respectively.

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Economics: Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Source: GlobalData

    Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Posted in Thematic Intelligence

    Intelligent automation goes beyond traditional automation systems by integrating artificial intelligence (AI) to manage more complex business processes. It drives innovation and creativity, making it essential for organizations looking to stay competitive in today’s market. The intelligent automation market is set to grow from $18 billion in 2023 to $47 billion in 2030, driven by advancements in AI, particularly the rapid adoption of generative AI (GenAI), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Thematic Intelligence: Intelligent Automation,” reveals that AI is now integrated across most facets of intelligent automation. This new era of automation goes beyond simple task execution, allowing systems to analyze data, make decisions, and learn from interactions. This boosts efficiency and fosters innovation, potentially leading to a future where software bots not only perform tasks but also drive strategic growth and creativity.

    Nicklas Nilsson, Consultant, Strategic Intelligence at GlobalData, comments: “Intelligent automation is transforming how businesses operate, not just enhancing efficiency but fundamentally reshaping processes through AI-driven innovation. As automation evolves into a strategic asset for organizations, it unlocks new areas of creativity and growth. Companies that embrace this transformation will be better positioned to navigate the demands of an ever-changing business landscape.”

    GenAI has emerged as a key driver in intelligent automation, expanding the scope of automatable tasks and empowering non-technical employees to create their own solutions. In the past year, every major player in the field added GenAI capabilities through integrations with well-known solutions like ChatGPT and the development of bespoke copilot tools, allowing businesses to speed up innovation and broaden access to automation.

    Nilsson continues: “GenAI’s ability to generate new, contextually relevant content from simple prompts has opened many possibilities. By democratizing access and empowering employees without technical expertise to craft solutions, it accelerates innovation and boosts productivity across organizations. However, it is essential that companies establish strong governance frameworks to ensure these tools are used securely and effectively.

    Despite its benefits, GenAI faces challenges related to governance, security, and compliance. As automation becomes more advanced, companies will need to implement stricter controls to protect sensitive data and ensure their systems comply with industry regulations.

    Nilsson concludes: “The future of intelligent automation will depend on a delicate balance between innovation and governance. As AI continues to evolve, businesses must ensure that their automation strategies are secure, compliant, and equipped to handle the complexity of modern business operations.”

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Banking: Global travel and tourism deal activity down by 11% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global travel and tourism deal activity down by 11% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 519 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the travel and tourism sector globally during January to September (Q1-Q3) 2024, which was a year-on-year (YoY) decline of 11% over 583 deals announced during the same period in the previous year, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database also revealed that the volume of M&A deals decreased by 6.8% during Q1-Q3 2024 compared to the same period in 2023, while the number of venture financing deals was down by 25.2% YoY. Meanwhile, private equity deals volume remained unchanged.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline in global travel and tourism deal activity was mostly driven by a significant fall  in deals volume in some regions and countries, while deal activity remained relatively better for some other regions and countries. In fact, some regions and countries even showcased double-digit growth in deal volume, which seems to be an indication of improving deal-making sentiments.”

    North America, Asia-Pacific, and South and Central American regions experienced decline in deal volume by 36%, 7.7%, and 20% during Q1-Q3 2024 compared to Q1-Q3 2023. In contrast, Europe registered 10.3% YoY improvement in deal activity. Meanwhile, deal volume for the Middle East and African region mostly remained at the same level.

    Similarly, the trend across different countries also remained a mixed bag. The US, China, and France witnessed YoY decline in deal volume by 36.3%, 38.5%, and 42.9%, respectively, during Q1-Q3 2024, whereas India and Japan experienced respective deal volume improve by 24.3% and 38.1% YoY. Meanwhile, deal volume for the UK, South Korea, and Australia mostly remained at the same level.

    Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain

    MIL OSI Global Banks –

    January 23, 2025
  • MIL-OSI Economics: mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Source: GlobalData

    mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Posted in Business Fundamentals

    Messenger ribonucleic acid (mRNA)-based innovator pharmaceuticals saw a staggering 800% increase in licensing agreement deal values from 2019 to 2024YTD, driven by the remarkable success of mRNA vaccines during the COVID-19 pandemic. With growing confidence in this transformative technology, key companies are investing heavily in its potential to address unmet medical needs, indicating that mRNA will remain a critical focus for pharmaceutical innovation and development, says GlobalData, a leading data and analytics company.

    Ophelia Chan, Business Fundamentals Senior Analyst at GlobalData, comments: “The COVID-19 pandemic highlighted the key advantages of mRNA technology in vaccine development, including rapid production, precise immune targeting, and streamlined manufacturing- factors that drove the success of mRNA-based COVID-19 vaccines.”

    Since the FDA approved Pfizer’s Comirnaty in August 2021, the first mRNA vaccine to achieve global market entry, rising licensing agreement values have reflected growing confidence in mRNA technology’s broader potential beyond vaccines, marking a pivotal shift in its applications across the pharmaceutical landscape.

    According to GlobalData’s Drugs Database, the global sales of innovator mRNA-based drugs are expected to grow from $22 billion in 2023 to $26.2 billion in 2030.

    Chan adds: “Licensing agreement deal values for mRNA-based pharmaceuticals have doubled since 2023, reaching $3.8 billion, as major players like GSK and Bristol Myers Squibb invest in mRNA therapeutics to address unmet medical needs.”

    GSK and CureVac restructured their 2020 collaboration into a new licensing agreement worth up to $1.57 billion in July 2024. This deal focuses on the development, manufacturing, and commercialization of mRNA vaccine candidates for influenza and COVID-19, spanning from preclinical to Phase II trials.

    Bristol Myers Squibb formed a multi-year, $1.87 billion strategic collaboration with Repertoire Immune Medicines in April 2024 to develop mRNA-based tolerizing vaccines for up to three autoimmune diseases, including type 1 diabetes and multiple sclerosis, along with other vaccine candidates.

    The US Department of Health and Human Services (HHS) recently allocated $176 million to Moderna for the development of mRNA-based vaccines targeting multiple strains of pandemic influenza. This investment highlights HHS’s focus on pandemic preparedness, reinforcing the versatility and potential of mRNA platforms.

    Chan concludes: “The increase in licensing agreement values for mRNA pharmaceuticals indicates that this will continue to be a key area for innovation and investment. With advancements in mRNA technology and delivery systems, drugmakers have significant opportunities to expand their portfolios, paving the way for breakthroughs in treating various diseases.”

    Note: Includes all announced and completed deals for companies headquartered globally from 2020–2024YTD as a percentage growth from the baseline year 2019. Includes deals where at least one drug involved is an innovator mRNA-based drug where Marketed, Pre-Registration, Phase III, Phase II, Phase I, Preclinical, and Discovery stages are considered. Includes deal values disclosed in the public domain. YTD= Year to date.

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Banking: Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 36,992 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to September (Q1-Q3) 2024, which represents a 12.5% year-on-year (YoY) decline over 42,288 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database disclosed that the volume of M&A deals declined by 6.7% during Q1-Q3 2024 compared to Q1-Q3 2023 while the number of private equity deals and venture financing deals experienced YoY fall of 8.9% and 22.2%, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The majority of the decline in global deal activity came from Q1 and Q2 while the impact was relatively much lesser in Q3. Although the deal activity continued to remain subdued in 2024, the impact seems to be diminishing in recent months or quarters. For instance, the decline in Q3 2024 compared to Q3 2023 remained at just 1%, whereas when compared between Q1 2024 and Q1 2023, the decline stood much higher at around 20% in Q1 2024.

    “The relatively lesser decline could be attributed to improving deal-making sentiments in some regions. In fact, the trend across regions also remained a mixed bag during Q1-Q3 2024, with regions like Asia-Pacific showcasing just a single-digit decline while North America experienced a double-digit decline.”

    North America experienced a 16% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023, whereas Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions saw respective deal volume fall by 13.6%, 6.8%, 7.6%, and 22.3% YoY.

    Bose adds: “Deal activity across several countries also remained a mixed bag, with some experiencing significant decline and some witnessing relatively lesser decline while few markets experienced improvement.”

    For instance, the US, the UK, China, Canada, Germany, France, Italy, the Netherlands, Spain, and Sweden witnessed YoY decline in deal volume by 15.4%, 7.2%, 22.8%, 21%, 17.9%, 30.8%, 9.4%, 16.7%, 20.2%, and 16%, respectively, during Q1-Q3 2024. Meanwhile, India, Japan, and Australia witnessed deal volume improve by 9.6%, 16.2%, and 2.2% during Q1-Q3 2024 compared to Q1-Q3 2023, respectively.

    MIL OSI Global Banks –

    January 23, 2025
  • MIL-OSI Banking: Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Source: GlobalData

    Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Posted in Thematic Intelligence

    Intelligent automation goes beyond traditional automation systems by integrating artificial intelligence (AI) to manage more complex business processes. It drives innovation and creativity, making it essential for organizations looking to stay competitive in today’s market. The intelligent automation market is set to grow from $18 billion in 2023 to $47 billion in 2030, driven by advancements in AI, particularly the rapid adoption of generative AI (GenAI), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Thematic Intelligence: Intelligent Automation,” reveals that AI is now integrated across most facets of intelligent automation. This new era of automation goes beyond simple task execution, allowing systems to analyze data, make decisions, and learn from interactions. This boosts efficiency and fosters innovation, potentially leading to a future where software bots not only perform tasks but also drive strategic growth and creativity.

    Nicklas Nilsson, Consultant, Strategic Intelligence at GlobalData, comments: “Intelligent automation is transforming how businesses operate, not just enhancing efficiency but fundamentally reshaping processes through AI-driven innovation. As automation evolves into a strategic asset for organizations, it unlocks new areas of creativity and growth. Companies that embrace this transformation will be better positioned to navigate the demands of an ever-changing business landscape.”

    GenAI has emerged as a key driver in intelligent automation, expanding the scope of automatable tasks and empowering non-technical employees to create their own solutions. In the past year, every major player in the field added GenAI capabilities through integrations with well-known solutions like ChatGPT and the development of bespoke copilot tools, allowing businesses to speed up innovation and broaden access to automation.

    Nilsson continues: “GenAI’s ability to generate new, contextually relevant content from simple prompts has opened many possibilities. By democratizing access and empowering employees without technical expertise to craft solutions, it accelerates innovation and boosts productivity across organizations. However, it is essential that companies establish strong governance frameworks to ensure these tools are used securely and effectively.

    Despite its benefits, GenAI faces challenges related to governance, security, and compliance. As automation becomes more advanced, companies will need to implement stricter controls to protect sensitive data and ensure their systems comply with industry regulations.

    Nilsson concludes: “The future of intelligent automation will depend on a delicate balance between innovation and governance. As AI continues to evolve, businesses must ensure that their automation strategies are secure, compliant, and equipped to handle the complexity of modern business operations.”

    MIL OSI Global Banks –

    January 23, 2025
  • MIL-OSI Banking: mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Source: GlobalData

    mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Posted in Business Fundamentals

    Messenger ribonucleic acid (mRNA)-based innovator pharmaceuticals saw a staggering 800% increase in licensing agreement deal values from 2019 to 2024YTD, driven by the remarkable success of mRNA vaccines during the COVID-19 pandemic. With growing confidence in this transformative technology, key companies are investing heavily in its potential to address unmet medical needs, indicating that mRNA will remain a critical focus for pharmaceutical innovation and development, says GlobalData, a leading data and analytics company.

    Ophelia Chan, Business Fundamentals Senior Analyst at GlobalData, comments: “The COVID-19 pandemic highlighted the key advantages of mRNA technology in vaccine development, including rapid production, precise immune targeting, and streamlined manufacturing- factors that drove the success of mRNA-based COVID-19 vaccines.”

    Since the FDA approved Pfizer’s Comirnaty in August 2021, the first mRNA vaccine to achieve global market entry, rising licensing agreement values have reflected growing confidence in mRNA technology’s broader potential beyond vaccines, marking a pivotal shift in its applications across the pharmaceutical landscape.

    According to GlobalData’s Drugs Database, the global sales of innovator mRNA-based drugs are expected to grow from $22 billion in 2023 to $26.2 billion in 2030.

    Chan adds: “Licensing agreement deal values for mRNA-based pharmaceuticals have doubled since 2023, reaching $3.8 billion, as major players like GSK and Bristol Myers Squibb invest in mRNA therapeutics to address unmet medical needs.”

    GSK and CureVac restructured their 2020 collaboration into a new licensing agreement worth up to $1.57 billion in July 2024. This deal focuses on the development, manufacturing, and commercialization of mRNA vaccine candidates for influenza and COVID-19, spanning from preclinical to Phase II trials.

    Bristol Myers Squibb formed a multi-year, $1.87 billion strategic collaboration with Repertoire Immune Medicines in April 2024 to develop mRNA-based tolerizing vaccines for up to three autoimmune diseases, including type 1 diabetes and multiple sclerosis, along with other vaccine candidates.

    The US Department of Health and Human Services (HHS) recently allocated $176 million to Moderna for the development of mRNA-based vaccines targeting multiple strains of pandemic influenza. This investment highlights HHS’s focus on pandemic preparedness, reinforcing the versatility and potential of mRNA platforms.

    Chan concludes: “The increase in licensing agreement values for mRNA pharmaceuticals indicates that this will continue to be a key area for innovation and investment. With advancements in mRNA technology and delivery systems, drugmakers have significant opportunities to expand their portfolios, paving the way for breakthroughs in treating various diseases.”

    Note: Includes all announced and completed deals for companies headquartered globally from 2020–2024YTD as a percentage growth from the baseline year 2019. Includes deals where at least one drug involved is an innovator mRNA-based drug where Marketed, Pre-Registration, Phase III, Phase II, Phase I, Preclinical, and Discovery stages are considered. Includes deal values disclosed in the public domain. YTD= Year to date.

    MIL OSI Global Banks –

    January 23, 2025
  • MIL-OSI Russia: Rosneft Completes Reconstruction of Ob River Embankment in Nizhnevartovsk, 1.2 km Long

    MILES AXLE Translation. Region: Russian Federation –

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

    A large-scale project to create a new look for the Ob River embankment, the calling card of Nizhnevartovsk and a favorite place for city residents to relax, was implemented within the framework of an agreement between Rosneft Oil Company and the government of the Khanty-Mansiysk Autonomous Okrug of Yugra.

    The construction of the embankment was preceded by engineering arrangement of the coastline. Strengthening with metal structures and reinforced concrete retaining walls with waterproofing and artificial stone cladding was carried out. The drainage system is arranged taking into account the features of the relief, the level of underground waters and the depth of soil freezing.

    The embankment is landscaped while preserving the natural relief of the area. Coverings for walking, running and cycling paths have been created. Viewing platforms, recreation areas with sun loungers and swings have been built in the walking areas. Lawns for family recreation have been profiled on the slopes. Modern play complexes made of environmentally friendly materials have been installed for children, which support the visual concept of the embankment.

    Several locations are intended for holding cultural events – an open amphitheater, an exhibition complex and an area for holding folk craft fairs have been built on the boulevard. The entire embankment area is accessible to people with limited mobility.

    Volunteers of Samotlorneftegaz and activists of the Movement of the First, who planted greenery, took part in the grand opening of the embankment. The organizers held a sports and musical warm-up for them.

    Rosneft implements social projects aimed at creating favorable living conditions in the regions of its presence. In particular, it supports initiatives in the field of creating a comfortable urban environment.

    Reference:

    Samotlorneftegaz is one of Rosneft’s key production enterprises, developing the Samotlor field, the largest in Russia. Under the agreement between Rosneft and the government of Khanty-Mansiysk Autonomous Okrug – Yugra, the company actively participates in the social development of the region. Thanks to the support of Samotlorneftegaz, over the past three years, more than 20 significant social infrastructure facilities have been opened in the region.

    Among the largest are the buildings of the largest school in Nizhnevartovsk for 1,725 children and two kindergartens, a rollerdrome, the youth club “EcoQuant”, the technopark “EngineerUm”. An ice rink was built in the Nizhnevartovsk region, and a universal sports complex in Khanty-Mansiysk.

    Samotlorneftegaz also supported the program to ensure Internet accessibility for the indigenous peoples of the Khanty-Mansiysk Autonomous Okrug-Yugra. About 2 thousand residents of ancestral lands received a connection to the World Wide Web.

    Department of Information and Advertising of PJSC NK Rosneft October 16, 2024

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

    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.

    http://vvv.rosneft.ru/press/nevs/item/220921/

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Russia: Rosneft enterprises became laureates of the National Award “Corporate Museum”

    MILES AXLE Translation. Region: Russian Federation –

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

    Five Rosneft subsidiaries have won the VI National Award “Corporate Museum”. The award ceremony took place in Nizhny Novgorod. It was attended by 250 delegates from all over the country and neighboring countries.

    Rosneft actively participates in significant events in Russian cultural life and supports projects aimed at reviving the country’s spiritual and national values.

    The Corporate Museum competition consisted of two stages – expert evaluation and project defense. Participants from 51 cities of Russia, the Republic of Belarus and the Republic of Azerbaijan presented 107 projects in various nominations.

    RN-Uvatneftegaz won a second-degree diploma in the New Exposition category. The company’s corporate museum was opened eight years ago. It regularly hosts excursions for schoolchildren, including those from Rosneft Classes and the First Movement, students of specialized specialties from universities and industry veterans. At the exposition, visitors can see unique historical exhibits, as well as a model of an oil field, which presents key production and social facilities. In addition, the exhibition hall has a virtual hologram guide. This year, the museum has already been visited by more than 350 guests.

    Bashneft was awarded a 3rd degree diploma in the Discovery of the Year category. The creation of the corporate exposition is timed to coincide with an important anniversary date: in 2022, the oil industry of Bashkortostan celebrated its 90th anniversary. The exhibition introduces its guests to the history of Bashkir oil and demonstrates the achievements of oil workers. The museum has become a single platform for holding corporate, educational and career guidance events.

    Angarsk Petrochemical Company received a 3rd degree diploma in the nomination “Best Corporate Museum”. The museum was founded in 1988. Its exposition presents the entire history of the enterprise: from a fragment of the layout of the construction sites of Combine-16 (the future ANHK) to the products of modern production. The collection has over 34 thousand exhibits. The most interesting of them are equipped with QR codes, with the help of which you can get additional information in the mobile application. In the display cases of the halls there are numerous awards, diplomas, cups that ANHK teams were awarded. On the stands are the names of the pioneers, on TV screens are films about the historical past and about modern realities.

    The Saratov Oil Refinery was awarded a 3rd degree diploma in the nomination “Corporate Social Responsibility”. The museum, founded in 1985, is a modern, multifunctional exhibition complex. It hosts excursions, career guidance events, thematic meetings and classes, round tables, screenings of historical films and award ceremonies for the company’s employees.

    Syzran Oil Refinery received a 3rd degree diploma in the nomination “Best educational projects of a corporate museum”. The museum and presentation complex, opened on May 9, 2019, consists of two halls: a historical hall and a presentation hall. The historical hall displays exhibits and art objects, as well as multimedia kiosks that show video materials from different years and interactive notes about the plant. The presentation hall can easily be transformed into a cinema hall or a place for holding meetings, gatherings, and training seminars.

    Reference:

    The National Award “Corporate Museum” is held with the support of the Ministry of Culture of the Russian Federation and the Russian Committee of the International Council of Museums.

    The competition is aimed at developing project practices in the field of corporate social responsibility of enterprises, updating industrial heritage and popularizing historical and cultural values of Russian companies. Over 6 seasons, 675 projects from 345 participants were presented.

    Department of Information and Advertising of PJSC NK Rosneft October 16, 2024

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

    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.

    http://vvv.rosneft.ru/press/nevs/item/220920/

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Russia: Modern schools and kindergartens: three educational facilities are being built in the north-east of the capital under participation agreements

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    In the north-east of Moscow, construction of three educational facilities continues. The buildings are being erected within the framework of contracts for the participation of developers in the development of social, transport, and engineering infrastructure in the capital’s developing area. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “Thanks to participation agreements with investors, 1,475 school places and 200 preschool places will appear in the north-east of the capital. Thus, in Maryina Roshcha, an educational facility for 650 places is being built. In the Ostankino district, a kindergarten for 200 places is being built, as well as a school designed for 825 students. This will reduce the load on existing institutions and provide comfortable conditions for residents of these areas. The new educational facilities are planned to be completed in 2025,” Vladimir Efimov noted.

    Attracting private investors allows developing educational infrastructure. After completion of construction, the institutions will be transferred to the city’s ownership.

    All facilities are built within walking distance of residential buildings. This will allow children to quickly get to school. The institutions are becoming an important part of the social infrastructure in areas where new residential development is actively developing, including within the framework of the renovation program.

    “Modern schools and kindergartens are built with an emphasis on multifunctionality. In addition to universal and specialized classrooms, they include sports halls and spaces for children’s creative development. For example, the school in Ostankino will be equipped with engineering and medical laboratory research complexes and a workshop for watercolor painting and drawing. Conditions will also be created for the education of children with disabilities,” added the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy

    Vladislav Ovchinsky.

    Educational facilities built under the participation agreement are designed according to the Moscow School standard. It represents uniform requirements for zoning, exterior and interior decoration of schools in the capital.

    Earlier Sergei Sobyanin told on the development of social infrastructure in the north-east of the capital.

    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.

    http://vvv.mos.ru/nevs/item/145271073/

    MIL OSI Russia News –

    January 23, 2025
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