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  • MIL-OSI New Zealand: New Zealand Māori Arts and Crafts Institute Boards Appointment

    Source: New Zealand Government

    Māori Development Minister Tama Potaka has confirmed the appointment of Fletcher Tabuteau as Chair of the Te Puia New Zealand Māori Arts and Crafts Institute (NZMACI) Board. 

    Mr Tabuteau (Ngāti Ngāraranui, Ngāti Rangiwewehi, Ngāti Whakaue) was a teacher at Rotorua Boys’ High School, a lecturer in Economics, and head of the Business School at Waiariki Institute of Technology. He now runs Hoporona Consulting and serves as Director of Capital Government Relations and Communications. 

    “I want to congratulate Fletcher on his appointment to the New Zealand Māori Arts and Crafts Institute Board,” says Mr Potaka.

    “His experience in governance, management, and business will be an asset to the Board and the important work they do to encourage and promote ahurea and toi Māori.”

    Located in Rotorua, NZMACI is home to Te Wānanga Whakairo Rākau (National Wood Carving School), Te Takapū o Rotowhio (National Stone and Bone Carving School), and Te Rito o Rotowhio (National Weaving School).

    With a 60-year legacy, NZMACI has a strong history of producing highly skilled crafts people. 

    “At its core, NZMACI fosters the protection and transfer of mātauranga Māori. It is an integral part of the Rotorua economy and the wider Māori economy, contributing to the sustainable development of scenic and tourist attractions in the Rotorua district and across the motu.”

    He Whakatūnga ki Te Puia

    Kua whakatūturungia e te Minita Whanaketanga Māori, e Tama Potaka, te whakatūngia o Fletcher Tabuteau hei Upoko o te Poari o Te Puia (NZMACI).

    He pouako o mua a Mr Tabuteau (Ngāti Ngāraranui, Ngāti Rangiwewehi, Ngāti Whakaue) i Te Kura Tuarua mō ngā Taitama o Rotorua, he pūkenga i te Mātai Ōhanga, ko ia hoki te upoko o te Kura Pakihi i Te Whare Takiura o Waiariki. Ko tāna i āianei he whakahaere i te Hoporona Consulting, he noho hoki hei Kaiarataki i ngā Hononga Rawa ā-Kāwanatanga me ngā Pāpāhotanga.

    “E tōmina ana au ki te whakamānawatanga o Fletcher i tāna whakatū atu ki te Poari o Te Puia,” te kupu a Potaka.

    “Ka whai hua mārika te Poari i ōna wheako i ngā ao o te kāwanatanga, te whakahaerenga, me te pakihi, ā, ka whai hua hoki ki ā rātou mahi i te akiākina me te whakatairangahia o te ahurea me te toi Māori.”

    Kei Rotorua te NZMACI, ā, koia tērā ko te kāinga o Te Wānanga Whakairo Rākau, Te Takapū o Rotowhio, me Te Rito o Rotowhi.

    E 60 tau te whakapapa o NZMACI, ā, kua roa nei tāna whakaputanga i ngā pūkenga me ngā ringa rehe.

    “I tōna iho, ko tā NZMACI he poipoi i te tiakina me te whāngaia o te mātauranga Māori. He wāhanga hirahira hoki nō te ōhanga o Rotorua me te ōhanga Māori whānui, nā, e whāngai ana i te whanaketanga toitūtanga o ngā whakapoapoatanga ā-taiao, ā-tūruhi hoki i Rototua, puta hoki nei i te motu.

    “Mā te whakatū ngā mātanga pūmanawa ki ngā taraipiunara me ngā poari e kino ai te painga o te whakapakarihia o te ōhanga, me te tukuna o ngā ratonga tūmatanui pai ake.”

    MIL OSI New Zealand News –

  • MIL-OSI China: Stimulus plan seen around 10 trln yuan

    Source: China State Council Information Office

    China’s much-anticipated fiscal stimulus package could amount to somewhere around 10 trillion yuan ($1.4 trillion), which would represent reasonable and moderate funding to address the most immediate issues facing the world’s second-largest economy, policy researchers and advisers said.

    They underlined the need for policymakers to avoid any overly massive stimulus that could come at a heavy cost, but instead advance deeper, wider reforms along with the stimulus package to secure a more sustainable transition in growth drivers.

    Sheng Zhongming, a research fellow at CF40 Institute, affiliated with the China Finance 40 Forum think tank, said China must confront the key structural issues of local debt risks, government outstanding payables to businesses, real estate concerns and the recapitalization needs of banks.

    Effectively addressing these issues will require at least 10 trillion yuan in additional public funds over several years, Sheng said, adding that he anticipates an annual debt swap program of around 2 trillion yuan, with a cumulative total of 5 to 6 trillion yuan required to substantially reduce the debt load in heavily indebted regions.

    Charlie Zheng, chief economist at Samoyed Cloud Technology Group Holdings, said that a fiscal stimulus package of around 10 trillion yuan may be essential in 2025 to tackle the key issues highlighted by the finance minister.

    The proposed package, which could be financed by ultra-long-term special treasury bonds, would primarily focus on local debt swaps and bank recapitalization, while alleviating the property sector’s challenges and supporting people in difficulties, Zheng said.

    However, he emphasized that China should not rely solely on stimulus measures to revive the economy, warning of the potential for high inflation and an imbalance between the State-owned and private sectors that could result from overreliance on government spending.

    China must advance reforms to boost the private economy at the same time, Zheng said, urging policy clarity for private entrepreneurs that any business is permissible unless prohibited by law, while explaining to government officials that any governmental behavior is infeasible without legal authorization.

    Discussions of the size of China’s stimulus package heated up after Finance Minister Lan Fo’an said on Saturday that the country plans to increase the debt limit by a large scale and replace local government hidden debt, while recognizing there is “relatively large space” for the central government to raise debt and increase the deficit.

    The market is waiting for the Standing Committee of the National People’s Congress — the country’s top legislature — to convene in late October or early November to approve the specifics of the plan.

    Gong Liutang, a professor of applied economics at Peking University’s Guanghua School of Management, said that if the stimulus package comes to about 10 trillion yuan, it won’t be “overly aggressive” given that China’s annual GDP has reached 126 trillion yuan.

    “The key is for the government to comprehensively communicate with the public regarding details of the package as soon as possible so as to provide more certainty to the market and ensure a steadier recovery in confidence,” said Gong, who is also a member of the 14th National Committee of the Chinese People’s Political Consultative Conference, the country’s top political advisory body.

    Compared with the stimulus program initiated in 2008, Gong said the latest round of policy buffer should focus more on enhancing consumption and preventing resource misallocation, with increased spending on education, healthcare and social protection, as well as subsidies for low-income and unemployed individuals.

    Upon the recent bigger-than-expected policy stimulus announcement, Goldman Sachs has raised its forecast for China’s real GDP growth from 4.7 percent to 4.9 percent this year and from 4.3 percent to 4.7 percent in 2025.

    “The Chinese government has clearly made a turn on cyclical policy management and increased its focus on growth,” a Goldman Sachs report said, adding that a significant policy offset is needed next year due to the property market’s lingering drag on GDP growth and the possibility of slowing export growth.

    MIL OSI China News –

  • MIL-OSI China: Housing market in major Chinese cities heating up over stimulus

    Source: China State Council Information Office

    This photo taken from Jingshan Hill on Aug. 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing, capital of China. [Photo/Xinhua]

    Home sales in major Chinese cities are ticking up this month, as a series of recent stimulus measures have boosted homebuyer sentiment.

    The early signs of recovery in the housing market in big cities offer some relief as Chinese authorities seek to stimulate the world’s second-largest economy by stabilizing the property market.

    The struggling property sector has been a major drag on China’s economy over the past few years, with cash-strapped developers and high inventories of unsold homes and unfinished projects.

    In a bid to prop up the housing market, Chinese authorities in late September ordered to cut mortgage rates for existing loans, lower down payment ratios and relax purchase restrictions.

    The cities of Beijing, Shanghai, Guangzhou and Shenzhen introduced their versions of stimulus measures for local housing markets just before the National Day holiday.

    This came in late September, when a meeting of the Political Bureau of the Communist Party of China Central Committee underlined the need for efforts to reverse the real estate market downturn and stabilize the market.

    The stimulus package has proven effective in boosting homebuyer sentiment in big cities quickly. This month, many housing sales centers in major cities are packed with clients as many once hesitant homebuyers are again jumping into the market.

    On Sunday, 744 customers signed up to vie for 332 flats in a Shenzhen housing project, and all the flats were sold out in three and a half hours, a rarity before the stimulus package was announced.

    The market rebound started with the week-long National Day holiday from Oct. 1 to 7. According to Leyoujia, a housing agency in Shenzhen, the conversion rate of home buyers for new homes — the ratio of finalized deals to all customers who have visited a real estate project — jumped to 12 percent from 2 percent.

    Liu Xiaofei, a sales manager at property developer LVGEM Group in Shenzhen, said the new stimulus has greatly boosted the market and confidence, helping to increase the conversion rate and shorten the decision-making process.

    During the holiday, buyers in Shenzhen signed initial purchase contracts for 1,841 new homes, up 664.1 percent from a year earlier, local data showed. Meanwhile, homebuyers signed contracts for 2,316 second-hand homes last week, a weekly transaction record in nearly three years, according to housing agency Leyoujia.

    Liu believes the housing market is stabilizing after hitting a trough, but more measures are needed to further boost consumer confidence.

    In Guangzhou, capital of south China’s Guangdong Province, homebuyers had signed initial purchase contracts for 6,687 new homes, up 137 percent year on year, after home purchase restrictions were lifted on Sept. 29, the Guangzhou Municipal Housing and Urban-Rural Development Bureau said on Oct. 12. The bureau attributed the strong growth to policy incentives and sales promotions by developers.

    In Shanghai, 1,334 second-hand homes were traded on Sunday, the daily record in more than a year, according to the website of the Shanghai Real Estate Trading Center.

    The daily number of more than 1,000 shows that second-hand home transactions are very active in Shanghai, said Lu Wenxi, an analyst with real estate agency Centaline Property.

    A Shanghai homebuyer, surnamed Zhang, was a beneficiary of the stimulus. The down payment ratio for second-home purchases was lowered to 25 percent, allowing him to improve his living conditions much sooner, Zhang said.

    The market also heats up in Beijing. The number of second-hand home transactions here nearly doubled from the previous month and surged more than 150 percent year on year from Oct. 1 to 15, according to Leng Hui, an analyst with the research institute of Lianjia, a major second-home realtor.

    Li Yifeng, deputy research chief at China Index Academy, said Beijing, Shanghai and Shenzhen still have room to loosen housing policies to further stabilize the property market in the future.

    Economic fundamentals are key to stabilizing the property sector and expectations, and if the economic recovery accelerates in the fourth quarter with stimulus measures, the property market in key cities could stabilize, and a similar result could even be expected for the market nationwide, Li said.

    MIL OSI China News –

  • MIL-OSI China: Hainan to issue dim sum bonds in HK

    Source: China State Council Information Office

    The country’s southernmost province of Hainan plans to issue up to 3 billion yuan ($421.8 million) in offshore renminbi bonds in the Hong Kong Special Administrative Region, marking its third consecutive year of tapping the dim sum bond market.

    The People’s Government of Hainan and the Hong Kong Monetary Authority jointly hosted an investor roadshow on Wednesday to promote the bond sale. This follows Hainan raising 5 billion yuan through a mix of green, blue and sustainable bonds last year, and a 5 billion yuan offering in 2022.

    This year’s bond sale is expected to include three tranches: a three-year green bond for environmental and social sustainability projects, a five-year bond for general government use, and a 10-year blue bond focusing on ocean-related initiatives.

    The pricing of the bonds is expected to take place on Thursday.

    Under Secretary for Financial Services and the Treasury of the HKSAR government Joseph Chan Ho-lim said that the sale “marks Hainan’s first 10-year long-term offshore renminbi bond, further enriching Hong Kong’s renminbi financial product offerings and supporting the internationalization of renminbi”.

    “For years, Hong Kong has been Asia’s largest international bond issuance center and hosts the world’s largest offshore renminbi liquidity pool,” he added.

    Chan noted that Hainan’s bond issuance in Hong Kong demonstrates the SAR’s crucial role as a “superconnector” between the Chinese mainland and the rest of the world, and “super value-adder” in international finance.

    Kenneth Hui Wai-chi, the executive director (external) of the Hong Kong Monetary Authority, said the bond structure reflects the mainland authorities’ commitment to sustainable development and the national “30/60 dual carbon” goal, referring to peak CO2 emissions before 2030 and achieve carbon neutrality before 2060.

    Hui noted the fundraising amount will be used for critical areas such as marine protection, water pollution control, and projects supporting public welfare in healthcare and education.

    The island province posted a 766 billion yuan GDP last year, marking an increase of 9.2 percent year-on-year.

    Li Lei, deputy director of the Department of Finance of Hainan province, said that Hainan’s local government debt balance stood at 410.6 billion yuan in 2023, accounting for 54.4 percent of the province’s GDP.

    From 2020 to June this year, the Hainan free trade port recorded duty-free imports totaling 20.75 billion yuan, with total tax exemptions reaching 4 billion yuan, Li added.

    MIL OSI China News –

  • MIL-OSI China: Xi encourages students to actively engage in sci-tech innovation

    Source: China State Council Information Office 2

    Chinese President Xi Jinping has encouraged representatives of students participating in China International College Students’ Innovation Competition 2024 to promote the spirit of science and actively engage in technological innovation.
    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in a reply letter to them.

    MIL OSI China News –

  • MIL-Evening Report: How can Australia make housing affordable for essential workers? Here are 4 key lessons from overseas

    Source: The Conversation (Au and NZ) – By Nicky Morrison, Professor of Planning and Director of Urban Transformations Research Centre, Western Sydney University

    GettyImages

    Essential workers such as teachers, health workers and community safety staff play a vital role in ensuring our society works well. Yet soaring housing costs in cities like Sydney, Melbourne and Brisbane are squeezing essential workers out of the communities they serve.

    The issue is reaching crisis point across Australia. Anglicare Australia yesterday released a special edition of its Rental Affordability Snapshot focused on essential workers in full-time work. Housing costs under 30% of household income are considered affordable. In a survey of 45,115 rental listings, it found:

    • 3.7% were affordable for a teacher
    • 2.2% were affordable for an ambulance worker
    • 1.5% were affordable for an aged care worker
    • 1.4% were affordable for a nurse
    • 0.9% were affordable for an early childhood educator
    • 0.8% were affordable for a hospitality worker.

    This trend is creating unsustainable patterns of urban sprawl and long commutes. It erodes workers’ quality of life. It also undermines public service delivery by making it harder to recruit and retain these workers in high-cost areas.

    International experience, particularly in the UK where I have advised on similar policies, shows there are solutions to this crisis. These global lessons fall into four categories.

    Essential workers face long commutes from home when they can’t afford to live in the communities they serve.
    Halfpoint/Shutterstock

    1. Define essential worker housing

    Essential worker housing typically targets front-line public sector workers on low to middle incomes. Yet eligibility should extend to support roles, such as ambulance drivers, porters and medical receptionists, who play a vital part in enabling front-line services. They too struggle to find affordable housing near their workplaces.

    Conditions of eligibility should also include a cap on household earnings.

    The UK experience highlights the importance of providing both rental and ownership options. To keep key worker housing affordable and accessible over time, both types need to be priced appropriately.

    Australian cities could adopt similar approaches, by requiring housing developers and community housing providers to allocate affordable housing for essential workers. Prices would be below market rates for both rentals and home ownership for the long term, and not revert to market rates. This ensures stability for public service workers.

    2. Financial innovations focused on long-term affordability

    Innovative financial models, such as shared equity schemes, have succeeded in the UK. These allow workers to gradually buy into their homes, creating long-term stability.

    Shared equity involves the government or another investor covering some of the cost of buying the home in exchange for an equivalent share in the property. Australia could explore similar schemes to provide immediate relief while ensuring sustained affordability for future essential workers.

    This approach could build on the Commonwealth’s proposed Help to Buy scheme, currently before the Senate, and existing state and territory shared equity programs. These may need refinement to better serve essential workers by, for example, adjusting income thresholds and eligibility criteria to ensure they qualify. These schemes also need to expand to cover all urban areas where housing affordability is most strained.

    3. Leverage planning systems

    Countries like the UK have leveraged their planning systems to deliver affordable housing for key workers. In England, planning authorities use mechanisms such as Section 106 agreements to ensure a portion of new developments is reserved for key worker housing as a condition of planning approval.

    Australian states could adapt this model, setting targets within existing planning frameworks. For example, they could use Voluntary Planning Agreements to prioritise essential worker housing.

    Yet essential worker housing should not displace housing for other people in urgent need. They include people who are homeless, low-income families, people with disabilities, the elderly, those at risk of domestic violence, veterans and youth leaving foster care.

    4. Use public land for housing development

    The use of surplus public land for essential worker housing has proven successful in several cities, including London, Amsterdam and San Francisco.

    Earmarking land owned by the public sector, such as hospital or education sites, is a strategic way to deliver affordable housing near key public sector employers. It also allows staff to travel to work nearby using sustainable transport instead of cars.

    Affordable housing has profound benefits

    Without action, essential workers are likely to be forced into lower-quality, high-cost housing, shared accommodation, or long commutes from more affordable areas. Over time, these patterns of job-housing imbalances and urban sprawl are unsustainable. These issues are the focus of my current research, particularly in Western Sydney.

    The New South Wales government has set up a parliamentary select committee to inquire into options for essential worker housing. It’s bringing much-needed attention to the housing crisis affecting key public sector roles.

    Tackling these issues through targeted housing solutions has many benefits. It can help create more sustainable communities, reduce recruitment and retention difficulties for employers and ease the strain on infrastructure and services.

    The key takeaway from the UK and other countries is the importance of long-term, sustainable solutions that do not shift the focus away from those most in need of housing. Australia has the opportunity to strike this balance. We need to ensure essential workers can afford to live near their workplaces while not sidelining everyone else in need of affordable housing.

    Nicky Morrison does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How can Australia make housing affordable for essential workers? Here are 4 key lessons from overseas – https://theconversation.com/how-can-australia-make-housing-affordable-for-essential-workers-here-are-4-key-lessons-from-overseas-239934

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Death of an idol: response to Liam Payne’s death highlights the power of childhood and music

    Source: The Conversation (Au and NZ) – By Liz Giuffre, Senior Lecturer in Communication, University of Technology Sydney

    Former One Direction band member and solo artist Liam Payne has been found dead outside a hotel in Buenos Aires, media reports have confirmed. Payne was just 31 years old – a loved friend and father.

    Alongside his former One Direction band mates Niall Horan, Harry Styles, Louis Tomlinson and Zayn Malik, Payne had a huge influence on popular culture in his home country of the United Kingdom and internationally.

    The group formed in 2010 on the British talent show X Factor and stayed together for about five years before officially splitting in 2016. Throughout this time, Payne remained a valuable member of the band and a clear talent in his own right.

    Although each member auditioned seperately, they were eventually hand-picked by Simon Cowell to form a group.

    After the split (and a brief hiatus from music-making), Payne continued to release music periodically as both a songwriter and collaborator. He most recently released the single Teardrops in March, ahead of an anticipated second solo album.

    News of Payne’s death has led to an outpouring of tributes. Like many young people thrust into stardom seemingly overnight, his life wasn’t without controversy. But the response to his death by fans and industry colleagues alike is proof of the impact he had.

    The making of a pop supergroup

    While One Direction may have not been together for as long as other globally successful acts, their influence far exceeded bands that have been together for decades. They released five studio records – and broke many more, including six Guinness World Records. And even though they didn’t make it to their 10th anniversary together, they had still sold some 70 million records by 2020.

    In the years since the split, fans continued to gather, listen and celebrate – with the most recent anniversary (14 years) seeing fan-led events held in Australia and the rest of the world.

    It’s easy to dismiss pop music and its influence, especially in the face of what feel like increasingly dire global circumstances. But pop, like many other forms of entertainment, provides a practical way for people to gain momentary pleasure and comfort.

    It also provides connection with others – and relief from politics and other daily pressures. For example, one of One Direction’s biggest hits, That’s What Makes You Beautiful, sought to empower young people who might otherwise be overwhelmed by negative messaging.

    Within a year of their debut, the group was met with massive crowds of fans almost everywhere they want.

    One Direction has been compared to The Beatles in terms of their influence on young people – and female and queer fans in particular.

    The impact on fans when their idol dies

    The loss of life, especially a young person’s life, is always a tragedy.

    For some young fans, this might be the first person they “know” who has died. While it may not be the same as losing a family member or close friend, the feeling of loss is significant. Young fans will need support. And in 2024, many will find this support through social platforms and online forums.

    I still remember the impact the deaths of stars such as Kurt Cobain and Jeff Buckley had on people like me who were teenagers in the 1990s. These were artists I admired and listened to – and whose art I relied on during times of pleasure and pain.

    A similar pang was felt when artists such as George Michael, Aretha Franklin and David Bowie died, albeit later in my life and theirs.

    The experience of losing a music idol is in many ways a universal one. People whose art we attach to our own life experiences become inseparable from our lives. And when they die, it can feel like those experiences are over too.

    After news of Payne’s death broke, hundreds of fans took to the streets of Palermo in Buenos Aires, where Payne had been visiting. They held a vigil, cried and consoled one another in front of the Casa Sur hotel where Payne had been staying.

    One fan, 25-year-old Yamila Zacarias, probably spoke for many when she said:

    He meant a lot to me because the band came into my life at this time when you’re trying to be a part of something, and being a One Direction fan became that something for me.

    Lifelong fandom and memories

    There’s a stereotype of “fans” as hordes of screaming girls, which can really take away from the depth of fandom.

    Anyone at any stage of life can be a fan of just about anything. And the best thing about fandom is that it can, and often does, allow lots of different types of people an outlet for connection throughout their lives.

    Many fans have left comments on old music videos.
    YouTube/screenshot

    The death of US actress Betty White in 2021, as sad as it was, brought people across generations and walks of life together. And not just those who knew her personally, but those who had connected with each other through their love of her work. It reminded me of my own family, including my Nan and Dad, now gone, and the laughs we’d share as we watched her.

    As more details and tributes to Payne’s life and death emerge, the fans will have each other to lean on. If you yourself know someone who is a fan of Payne or One Direction, even reaching out to just acknowledge that person’s grief and experience is important. It says to them, “what you love is valid, and so are you”.

    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14.

    Liz Giuffre does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Death of an idol: response to Liam Payne’s death highlights the power of childhood and music – https://theconversation.com/death-of-an-idol-response-to-liam-paynes-death-highlights-the-power-of-childhood-and-music-241554

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Media statement – private health insurance

    Source: New South Wales Government 2

    Headline: Media statement – private health insurance

    Published: 17 October 2024

    Released by: Treasurer, Minister for Health

    The Minns Labor Government met today with representatives of the private health insurance sector to discuss its members’ use of the public hospital system and refusal to pay their bills. 

    While no alternative solutions were proposed, the parties agreed to continue dialogue. 

    This ongoing standoff is costing taxpayers $140 million per year.  

    The NSW Government will continue with implementing the same legislative approach as led by former Treasurer Mike Baird in 2013, enabling it to resolve the issue.

    The Government has met with representatives of the private health insurance sector more than 20 times since May 2024.  

    The Treasurer and Health Minister’s offices reiterated their commitment today that their doors remain open.

    The Government applauds the majority of private health funds, including Teachers Health, Nurses and Midwives Health and Emergency Service Health, who continue to pay the correct amount.  

    MIL OSI News –

  • MIL-OSI Russia: Sobyanin: 12 new metro stations are planned to be built in Moscow in three years

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The development of transport infrastructure is the largest section of the Targeted Investment Program both in terms of the amount of funds spent and the expected results. In 2025–2027, it is planned to commission 28.4 kilometers of lines, 12 stations, and two electric depots of the Moscow Metro. Sergei Sobyanin reported this on his Telegram channel.

    “We will continue construction of the Troitskaya line – four stations on the ZIL – Novatorskaya section. A new Rublevo-Arkhangelskaya line will appear on the map – we will build eight stations on the Shelepikha – Ilyinskaya section,” the Moscow Mayor wrote.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    The Biryulevskaya line, the Golyanovo station of the Arbatsko-Pokrovskaya line and the Dostoyevskaya (Suvorovskaya) station of the Circle Line will also be built.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11904050/

    MIL OSI Russia News –

  • MIL-OSI New Zealand: Have you seen Denis?

    Source: New Zealand Police (National News)

    Police are seeking the public’s assistance in locating 48-year-old Denis Courtot, who has been reported missing.

    Denis, a French national, was last seen yesterday evening by his family at a hotel in the Auckland CBD.

    He is tall and was last seen wearing a grey suit jacket and tan trousers.

    Police and Denis’ family have concerns for his welfare and ask anyone who sees him to contact call 111 immediately.

    If you have any information that could help us locate Denis, please update us online now or call 105.

    Please use the reference number 241017/5803.

    Information can also be provided anonymously via Crime Stoppers on 0800 555 111. 

    ENDS

    Tony Wright/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Police urge boaties to take precautions after seven rescued near Taharoa

    Source: New Zealand Police (District News)

    Police urge boaties to take the basic precautions after seven people have been rescued near Taharoa this morning.

    At around 8.20am, Police were alerted to a boat which overturned in the water, when Coastguard had launched a Search and Rescue response.

    Just before 8am, a vessel crossing the Kawhia bar failed to close its bar crossing report with Coastguard.

    A search and rescue response was launched with Coastguard Raglan and Auckland Coastguard Air Patrol volunteers activated. Other boaties in the area then reported the vessel had capsized and all seven people were on shore.

    Coastguard Raglan volunteers onboard two rescue water craft and Joe Hawke Rescue headed south to Kawhia, with the first volunteers arriving on scene at around 8.30am.

    Thankfully, the group of men on the boat had managed to self-rescue and reached a beach near Opapaka Point where Coastguard volunteers triaged the group and provided initial first aid.

    The six men were taken to Kawhia where they were assessed by Ambulance. One of the men received a minor head injury and was treated at the scene. The rest of the men were cold but uninjured.

    The seventh man was transported to hospital by helicopter for leg injuries.

    They were well prepared in the case of an emergency, and activated their Emergency Position-Indicating Radio Beacon.

    While it is fortunate that emergency services were contacted and the group are now safe, Police would like to use this opportunity to remind the public to prepare for any possible situation that may occur in the water.

    Police urge anyone going near waters, no matter the skill level, to take the basic precautions to keep themselves safe in case something goes wrong.

    Always wear a lifejacket when boating or fishing, and have a waterproof bag to put your phone into to put inside your lifejacket, so it is always with you.

    Tell someone where you are going and when you will come back – this can be crucial information for us to locate you.

    Be aware of your surroundings and the dangers they may have – check the local marine weather forecast before you go and expect both weather and water state changes.

    Police urge people to change their mindset from ‘It won’t happen to me’ to ‘What if it does?’

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI Russia: Dad is Near: How to Celebrate Father’s Day at VDNKh

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On the third Sunday of October, our country celebrates Father’s Day. In honor of the holiday, VDNKh has prepared a special promotion, within the framework of which on October 20, fathers with children will be able to receive a 30 percent discount when visiting several exhibition spaces. Guests will also enjoy thematic excursions at the sites of the VDNKh Museum City, events at the robot exhibition “Robostation”, in the robotics and innovation center “Kulibin Pro” and at the “City Farm”. And in the pavilion “House of Russian Cuisine”, fathers who are cooks with many children will hold master classes on preparing various dishes from the cuisines of the peoples of Russia.

    On October 20, a 30 percent discount can be received when visiting two facilities of the Orion family amusement park: the Aerial Tram cable car and the House of Fears attraction. And also the City Farm, the Museum of the Special Purpose Garage of the Federal Protective Service of Russia, the exhibitions In the Galaxy Far, Far Away, Terracotta Army. Immortal Warriors of China and Find Banksy, the SkyTown rope park, the Robostation and the Kulibin Pro center. To receive a discount at the box office, fathers with children must say the code phrase “it’s not scary with dad” and present identification documents, as well as proof of relationship. You can read the terms of the promotion on the VDNKh website.

    Interesting excursions

    On October 20 at 10:30, 13:00, 15:30 and 18:00 you can visit thematic excursions around the territory of the country’s main exhibition “Male images of VDNKh”. Guests will learn little-known facts about the people who left their mark on the history of VDNKh: for example, who was its first director or in whose honor the first chestnut tree was planted on the Cosmonauts’ Alley. Guests will gather at the VDNKh Museum.

    At 13:00, 15:00 and 17:00 the Cosmonautics and Aviation Center invites you to thematic excursions “Space Fathers”. Tour guides will tell you about the children of famous cosmonauts who followed in their fathers’ footsteps, about the founders of cosmonautics itself and the difficulties of orbital flight.

    And at 17:00, 18:00 and 19:00 in the pavilion “Worker and Kolkhoz Woman” thematic excursions will take place “Father’s Day at VDNKh: Inspiration and Traditions”. We will talk about who became the architect of this pavilion, who was the inventor in the field of cinema technology for the unique cinema at the main exhibition of the country, thanks to whom the revival of VDNKh took place.

    At 19:00, guests of the Museum of Slavic Literature “Slovo” are invited to a thematic excursion “Where there is a good father, there is a good son”. The father always served as an unconditional example for the younger generation, which was reflected in numerous Russian epics, fairy tales, sayings, proverbs and chronicles. You can learn about this and much more on the excursion.

    Celebration at the “Robostation” and in the “Kulibin Pro” center

    In honor of Father’s Day, the largest robotics exhibition “Robostation” (Pavilion No. 2) printed more than five thousand festive keychains on a 3D printer, which all guests will receive. On October 20 at 13:00, there will be a master class where children will make a gift for dad with their own hands and learn the basics of robotics and soldering. At the same time, there will be a master class “Constructor from Childhood”, where dads will be able to reminisce and assemble a Soviet metal constructor. At 14:00, as part of the karaoke guessing game, guests will be divided into two teams and will sing the famous song “Papa Can”, but they must remember the correct words and sing them instead of the gaps. The winners will be determined by the least number of mistakes, and everyone will receive gifts for participation.

    Throughout the day, there will be sparring sessions between dads and kids, where they will control robot boxers. The winners will receive gifts printed on a 3D printer. To participate in the activities, you must purchase entrance ticket to the exhibition.

    The Kulibin Pro Robotics and Innovation Center, which is located in the Cosmonautics and Aviation Center at VDNKh, has also prepared a festive program for Father’s Day. On October 20 at 1:00 p.m., a master class on construction for fathers and children will be held, during which guests will be able to assemble a suspension bridge from construction set parts. At 2:00 p.m., you can listen to a lecture entitled “Calling – Inventor.” Throughout the day, all fathers will be congratulated by Boris the Robot. To participate, you must purchase an entrance ticket to the center. “Cosmonautics and Aviation”.

    Walking with animals

    The “City Farm” at VDNKh has prepared its own festive program. The main characters will be not only human dads, but also animal fathers: alpaca Pedro, goat Ivan and goose Vasily. On October 19 and 20, guests will enjoy master classes and farm games. Walks with animals will also be organized. Over the course of two days, from 11:00 to 18:00, there will be master classes “Postcard for Dad”, “Autumn Craft”, “Toy for Animals”, “Animal Portraits”. At the same time, you can take part in the sports relay race “My Dad and Me”. At 13:00 and 16:00, there will be an interactive lecture “The Best Fathers in the Animal World”, and at the end of the event – a quiz.

    In addition, on October 19 and 20, guests of the City Farm will be able to walk with animals: a donkey (from 11:00 to 11:30), a sheep (from 12:00 to 12:30), goats (from 12:00 to 12:30, from 14:00 to 14:30 and from 16:00 to 16:30), an alpaca (from 15:00 to 15:30), and a reindeer (from 17:00 to 17:30).

    During the holiday weekend, you can also watch the feeding of nutria (at 11:00), poultry (at 16:00), goats, sheep, reindeer, alpacas and donkeys (from 17:30). Participation in all events is subject to an entrance ticket to the “City Farm”. The cost can be found out on the website.

    Master classes by fathers-chefs

    On October 20, the House of Russian Cuisine pavilion at VDNKh invites you to International Chef’s Day and Father’s Day. In 2024, these dates coincided, and in honor of this, regional entrepreneurs and chefs of the House of Russian Cuisine, and part-time fathers of many children, will hold free master classes from 12:00. They will dedicate them to preparing dishes from the cuisines of the peoples of Russia. Among the presenters are Mikhail Gavrilov (chef of the V Karelia Yest corner and father of three children), Alexander Volkov-Medvedev (chef of the Ruski restaurant and father of three children), Danila Kozlov (founder of a chain of northern delicacies stores, brand chef of the Azbuka Severa corner of the Republic of Sakha (Yakutia), father of three children), Alexey Votintsev (founder of the Perepechkin Udmurt cuisine chain, author and inventor of the mobile Russian stove, father of five children), Damdin Dashiev (founder of the Orda Buryat cuisine restaurants, father of four children).

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145398073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Three important steps for a hotelier: Mosturism has prepared instructions for opening a hotel

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The number of tourists visiting Moscow is constantly growing and has already approached pre-pandemic levels: 24.5 million people visited it last year. Due to the increase in tourist flow, the capital will need to expand its hotel stock by 25.7 thousand rooms by 2030. This means that the hotel business is expecting a new rise, and opening hotels remains a profitable investment. But where should an entrepreneur who wants to work in the hospitality industry start? Head of the Hotel Management Department of Mostourism Ekaterina Kirillova has prepared step-by-step instructions for those planning to open a new hotel.

    Opening a hotel is not only a significant financial investment, but also the competent execution of the necessary documents. It is important to take into account all the nuances: from the design of rooms and public areas to the selection of a suitable location. Investors are responsible for the funds, desire and opportunities when opening a hotel, and the city will help with the solution of bureaucratic and technical issues. If any questions arise, including after studying the checklist, you can contact the specialists of Mosturism, who provide online consultations.

    The first step will be to calculate the financial business model. To begin with, the investor must determine the required (desired) capacity of the room stock and the category of the future hotel. In Moscow, guests’ expectations even from a three-star hotel are already quite high. Therefore, during construction, it is worth considering even the smallest details, without trying to save on quality. Moreover, such requirements are becoming even more relevant for four- and five-star hotels.

    You can build a hotel yourself or organize the redevelopment of your inefficiently used building (or purchase such a building with various rights of use).

    The location plays a vital role here. Here are the main points to consider in the infrastructure of the chosen area:

    transport accessibility (availability of nearby metro stations, convenient transfer from airports and train stations to the hotel and back); availability of nearby business centers, attractions, etc.; proximity to the city center.

    The second step is to determine the possibility of using the territory for a hotel. Mosturism draws the attention of investors to the fact that financing the creation of a hotel facility does not cancel the rules of use provided for in a specific territory. The purpose for which the land plot will be used in the future is determined only by the urban development regulations of a specific territory. Therefore, it is very important to first familiarize yourself with the extract on the land plot, which will indicate the possible type of permitted use.

    If the required type of permitted use is not available (4.7. “Hotel services”), changes must be made to the land use and development regulations. How to do this, Mosturism will tell you.

    To obtain detailed information, you need to be honest about your plans. In the future, by attaching a concept of a hotel project indicating the planned hotel category, number of rooms and management contract with a hotel operator, you will be able to obtain a conclusion from Mosturism.

    The third step is construction. After receiving all the necessary permits, it is necessary to start construction on time, designing the hotel in accordance with the technical specifications.

    Due to the fact that tourists’ interest in the capital is constantly growing, the demand for comfortable and cozy small hotels with the best price-to-service ratio is also increasing. Since tourism is a priority industry, the Moscow Government is interested in building new high-quality hotels of three-star categories. Good hotels meet the high expectations of guests from the Russian capital and support Moscow’s reputation as one of the most progressive cities in the world.

    The city provides comprehensive support to the hotel industry as an important part of the tourism infrastructure and is constantly in dialogue with the hotel business, responding to industry requests. Moscow provides various preferential programs to investors opening new hotels. For example, they can receive the right to preferential rent of buildings and premises at a cost of one ruble per square meter per year. New facilities also appear thanks to the concession mechanism – one of the forms of public-private partnership, which makes it possible to develop hotel infrastructure through investor investments. The Moscow City Tourism Committee forms an up-to-date information field on the dynamics of tourism development in 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/145395073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Palace of Science: What Opportunities Does the Lomonosov Cluster Open for Innovators

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Cluster “Lomonosov” — one of the leading innovation platforms of the capital. It has become the flagship of the scientific valley of the Moscow State University (MSU) named after M.V. Lomonosov. 66 companies — residents of the cluster are engaged in developments in medicine, information and biotechnology, industry, service infrastructure and other areas. They have at their disposal production sites and laboratories, offices and coworking spaces, conference halls and lecture halls.

    A mos.ru correspondent went to the scientific valley and found out how the Lomonosov cluster is structured, what it offers to Moscow companies and what innovative production facilities are located there.

    Driver of Innovation

    The Lomonosov cluster opened in 2023. On behalf of Sergei Sobyanin, the building concept was developed by the chief architect of Moscow Sergey Kuznetsovand architect Ivan Grekov. Lomonosov became one of nine future clusters of the innovative scientific and technological center of Moscow State University “Vorobyovy Gory”. The ten-story building with mirrored facades was erected in less than two years.

    “The Lomonosov Cluster is a project of the Moscow Government, which is being implemented by the Moscow Innovation Cluster Foundation. This is a territory for the development of innovative and high-tech companies. Here, scientists and entrepreneurs create new products and services, improve existing ones, find partners and investors. At the same time, the cluster provides tax benefits to resident companies,” notes Alexander Ulanov, Deputy General Director of the Foundation.

    “Moscow Innovation Cluster”.

    Residents of Lomonosov can reduce their tax burden by up to 30 percent. They are exempt from paying income taxes, value-added tax, and property tax for 10 years. In addition, they are subject to reduced insurance premium rates, and they can also reimburse customs duties paid.

    Capital companies with useful and innovative projects were able to become residents of the cluster. Their developments were related to science, brought new ideas and helped the city. The declared projects passed the examination, and based on its results, the companies were granted the status of a resident.

    Today, Lomonosov’s production facilities employ more than two thousand people. They have original ideas, modern technologies and know-how in their arsenal that can compete with both Russian and foreign products. The inventions of the cluster residents not only help develop the city’s economy, but also make a major contribution to import substitution. For example, the capital’s factories are already using innovative air purification filters manufactured in Lomonosov, and the Arctic seas of Russia are using a hardware and software complex for seismic research.

    Vladimir Putin and Sergei Sobyanin opened the Lomonosov cluster, the flagship of the Moscow State University innovation centerSergei Sobyanin: The Lomonosov Cluster has united the best innovators of the capital

    Offices, laboratories and engineering workshop

    The Lomonosov cluster is located on Ramensky Boulevard (building 1), not far from the Ramenki and Universitet metro stations. Sharp angles, straight projections, and even ribbons of rectangular windows make the building look like a spaceship.

    In front of the main entrance there is an installation of two hemispheres with a truncated lower base, reminiscent of a core divided into two. On the first floor of the building you can examine a model of the future scientific valley, drink coffee and work, sitting in soft chairs with a noise-insulating effect. Here, the cluster employees meet guests and relax at lunchtime. Some go out for a walk in the courtyard.

    We walk to the escalator along the bright interactive signs and go up to the second floor. In front of us is the cluster’s scientific treasure trove with spacious lecture halls and halls. The largest of them is the Molecule hall, where up to 650 people can sit in front of a huge screen. Forums, conferences and congresses are held here.

    Then we take the elevator up. Resident companies rent premises from the cluster and equip them for their needs. Some organize a laboratory, others — an office, an engineering center or a design bureau. The companies also purchase equipment at their own expense.

    “Our main task is to provide residents with the opportunity to create and develop, to unite them in one place so that they can grow together, exchange specialists, developments, suppliers, create joint projects and use each other’s infrastructure. Such an effective synergy,” emphasizes Alexander Ulanov.

    The corridors are spacious and green, plants stretch along the walls, decorating the space. There are logos of residents on the doors. On the fourth floor, we are met by Svyatoslav Krivozubov, the CEO of Adaptto. He opens one of the office doors, and we find ourselves in a small production workshop. Here, electric drives for electric transport are manufactured.

    Engineers have everything they need. The laboratory has a complete cycle of electronic product manufacturing — from applying solder paste to soldering and testing the manufactured devices. Special equipment is used for this: a printer, a component arranger, and a furnace. Manufacturing processes are controlled through a control system.

    “Our flagship products – controllers – have a record high specific power. At peak, the equipment can pump up to 50 kilowatts. In this indicator, we are ahead of manufacturers not only in Russia, but also in the world. And our controllers are four times lighter than their analogues. Such equipment weighs about a kilogram, and can power a two-ton vehicle,” says Svyatoslav Krivozubov.

    The company’s electric drive powers excursion buses, ATVs and snowmobiles, as well as the Muscovites’ favorite wireless robot cleaner “Pixel”You can see such an assistant in the parks “Kuzminki”, “Sokolniki” and 50th Anniversary of October.

    Drug development and shampoo for astronauts

    The specialists of the company “Simurgpharm” work in the neighboring office. It became one of the first residents of the cluster.

    “We develop software for analyzing biomedical data. They are obtained during the testing of new drugs. The Simurg platform created by the company is the first software in Russia for clinical drug development and comprehensive data analysis,” says Kirill Zhudenkov, the company’s CEO.

    The experts work in a modern, high-tech office with panoramic windows and their own lounge. There you can take a break from complex tasks and play table football or guitar.

    “To achieve results, you need to not only work in science, you need to live it. And team spirit and the desire to invest in a common cause are also very important. That is why our work areas are united. There is a feeling of unity. This corresponds to our mission – to create and implement new technologies in the development of domestic drugs. By the way, the cluster itself is organized in a similar way. You can find partners literally in the neighborhood,” emphasizes Kirill Zhudenkov.

    Dmitry Kurshin, CEO of Intersen-Plus, also speaks about the power of common opportunities. Together with another resident of the cluster, they began to produce a line of skin care cosmetics with peptides.

    “Conferences, meetings and other events held in Lomonosov help to unite forces. For example, our company organized about five scientific events in the cluster this year. There you can tell about yourself and meet other residents,” says Dmitry Kurshin.

    The company is located in a small room on the eighth floor. At the entrance, there are long shelves with vessels of different sizes – from jars to canisters. Each has its own valuable product. Behind the glass doors is a laboratory with a picturesque view of Moscow. On the tables are test tubes, flasks, and vials. Experts painstakingly mix the compositions and create new formulas.

    It also produces biopreparations, disinfectants, cosmetics for palliative care and smart hand sanitizer dispensers with the ability to control the flow rate of liquid. In addition, the company’s experts have created a one-of-a-kind desiccant meter for mixing and dosing working solutions of disinfectants.

    “We have also developed a leave-in shampoo for astronauts. It will allow them not to waste a valuable resource in zero gravity — water. The products are currently being tested in the SIRIUS space flight experiment. It is important to note that the cluster provides everything necessary for testing. This is very valuable for companies. And in general, supporting production allows them to grow faster. Therefore, we can say that the Lomonosov cluster is a palace of science and a source of advanced opportunities,” the mos.ru source notes.

    Companies from the fields of IT, biomedicine and robotics have become residents of the Lomonosov clusterSobyanin: Moscow’s innovative infrastructure has grown by a quarter in five yearsPlace of Innovation: How New Developments Are Tested in the Lomonosov ClusterGeneration of Machines, or How Robots Help MoscowSergei Sobyanin presented Moscow awards in the field of architecture and construction

    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/145307073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Moscow company carries out major repairs at one of the largest energy enterprises in Donbass

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Moscow entrepreneurs help to establish life in new territories of Russia by restoring industrial and infrastructure facilities. Thus, a Moscow engineering company is carrying out major repairs at one of the largest energy-generating enterprises in Donbass under a state contract. The mechanism of guarantee support for small and medium-sized enterprises is used to finance these works.

    The company has 20 years of experience in implementing projects of varying levels of complexity. Its specialists build, reconstruct, repair and modernize structures and facilities throughout Russia. The enterprise has a powerful design and production base and uses modern technologies.

    The Moscow Guarantee Fund provided a guarantee in the amount of 52.5 million rubles (70 percent of the bank guarantee amount) for the return of an advance payment under a government contract for the execution of major repairs of an important energy facility.

    The fund helps enterprises in various industries obtain financing and solve the problem of a lack of their own collateral by providing guarantees for loans, bank guarantees, letters of credit, leasing and factoring in the amount of up to 70 percent of the transaction amount, but not more than 100 million rubles.

    The Moscow Guarantee Fund was established by the Government of Moscow and is subordinate to the capital Department of Entrepreneurship and Innovative Development. During its operation, the fund has issued more than 20 thousand guarantees, under which small and medium-sized businesses received financing in the amount of over 370 billion rubles.

    Support for entrepreneurs is provided within the framework of the national project “Small and medium entrepreneurship and support for individual entrepreneurial initiatives”. More information about this and other national projects implemented in Moscow can be found on a special page.

    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/145371073/

    MIL OSI Russia News –

  • MIL-OSI Russia: The hotline for receiving meter readings has received more than 27 million calls over 12 years

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Over the 12 years of operation, the hotline for registering readings of individual metering devices of the citywide contact center (CCC) has received more than 27 million calls from residents of the capital.

    “Every year, the demand for a hotline for transmitting meter readings is growing. If in the first year of operation it received 67 thousand calls from residents, then since the beginning of 2024 alone – more than four million. This is the most robotic line of the OKC – up to 99 percent of calls on it are received by a voice assistant without involving operators. The use of artificial intelligence technologies allows saving citizens’ time and makes the process of transmitting meter readings convenient and fast,” said Andrey Savitsky, head of the citywide contact center.

    As noted inDepartment of Information Technology of the City of Moscow, the voice assistant has been receiving readings from water meters since September 2012, and from electricity meters since October 2023. Over the year, residents transmitted electricity meter readings by phone about 200 thousand times, of which more than 122 thousand were with the help of the voice assistant.

    Artificial intelligence can not only register data, but also help prevent errors when transmitting information. For example, if a person names a number much higher or lower than previously transmitted readings, the virtual assistant will report this and offer to clarify the information.

    How to transmit meter readings by phone

    To submit water or electricity meter readings, you need to call the hotline of the citywide contact center: 7 495 539-25-25. Calls are received around the clock by a voice assistant. You need to tell the virtual assistant your personal account number, apartment and meter, and then provide the current readings. Artificial intelligence will record them and automatically redirect them to the system. If the data cannot be transmitted, the voice assistant will prompt the reason, for example, it will report a malfunction of the meter or the need for a scheduled inspection. In addition, it can inform you where to go to resolve these issues. If necessary, the voice assistant will connect you to a contact center operator.

    Water consumption data must be submitted from the 15th of the current month to the third of the following month inclusive, and electricity meter readings must be submitted monthly from the 15th to the 26th.

    This can also be done online on the city portal mos.ru, in the Telegram messenger using a bot @mos_services_here and in the mobile applications “My Moscow” and “Gosuslugi Moskvy” using the service “Receiving readings and paying for electricity”. You can independently submit readings at the “My Documents” government service centers, in the premises of the control room of your district or the management company.

    If the meters are equipped with an automated information and measuring system for commercial metering, the data is entered into the system automatically.

    The citywide contact center has been operating in Moscow since 2011 and includes more than 70 hotlines. Every month, it receives about five million calls from residents. Half of the calls are processed by artificial intelligence without involving operators. In just 12 years, Muscovites have called the citywide contact center more than 365 million times, including over 40 million this year. Residents contact to clarify the status of document processing and public transport schedules, make an appointment with a doctor, call a technician to fix utility problems, and for other issues.

    The implementation of digital solutions in public administration corresponds to the objectives of the national program “Digital Economy of the Russian Federation” and the regional project of the city of Moscow “Digital Public Administration”. More information about this and other national projects implemented in the capital can be found Here.

    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/145304073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Unnecessary things for recycling: the information project “Ekotochki Moskvy” has opened in the capital

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    A new environmental project has been launched on the mos.ru portal “Ecopoints of Moscow”, aimed at developing a separate waste collection system. Its main goals are to popularize eco-habits and create a convenient map of collection points for unwanted items, where city residents can easily find the nearest collection point for different types of secondary raw materials.

    The Moscow government helps businesses that strive to reduce waste generation and involve them in secondary circulation. Stolichny Department of Nature Management and Environmental Protection acts as an aggregator of the partner network of collection points, confirms the transfer of recyclable materials for further useful use and provides partners with places to open new collection points. The project partners are responsible for these sites.

    The map now contains addresses more than 200 collection points clothing, textiles and accessories with a detailed description of their location, work schedule and other necessary information. It is planned to constantly increase the number of eco-points and expand the list of collected recyclable materials. In particular, the next points on the map will be collection points for car tires, and then batteries.

    “Proper disposal of things that have served their time is an important step towards creating an environmentally friendly metropolis. We strive to make this practice accessible and understandable to all city residents. By participating in the “Ecopoints of Moscow” project, each of us gets the opportunity to make a significant contribution to preserving the environment. In the new project, the Moscow Government will provide maximum support to organizations that are ready to ensure proper handling of all types of secondary raw materials,” said

    Yulia Urozhaeva, head of the capital’s Department of Nature Management and Environmental Protection.

    All eco-points participating in the project have a special sign with a QR code for easy access to the page, which provides detailed information on separate collection and collection points. All collected unnecessary items will be sent for recycling, charity or sale to specialized stores, which will help support social and environmental programs and help develop clothing recycling infrastructure throughout Russia.

    Legal entities and individual entrepreneurs with a transparent system for collecting and recycling recyclable materials can join the Moscow Ecopoints.

    Which organizations have already joined the project?

    The Vtoroe Dykhanie (Second Breath) charity fund collects unwanted clothing through its own containers, partner stores, and home removal services. There are over 700 collection points in Russia, over 300 of which are in Moscow. Every month, the fund collects over 120 tons of clothing, which is sorted. Items in good condition are sent to charity and sold to second-hand stores, and the rest are recycled into rags and regenerated fiber.

    The autonomous non-profit organization Ecosystem is implementing the project “It’s easy to hand over things”. More than 70 containers have been installed in the capital, and the Ecotaxi service is also available for taking things out of the house. You can hand over clothes, shoes, accessories, toys and dishes. Every month, the organization collects and sorts up to 50 tons of things. Things in good condition are sent to charity or for sale, and those unsuitable for use are sent for recycling.

    The “Grateful Wardrobe” project is a social eco-project implemented by the charity foundation “S Miru po nitke” and OOO “Ekotekstil”. There are more than 100 containers in Moscow, and there is also a service for address removal. The project collects 45-60 tons of clothes every month, which are sorted in a warehouse in the Moscow region. Clothes in good condition are donated to charity or sold to second-hand stores. Unusable items are sent for recycling or used to produce RDF fuel.

    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/145287073/

    MIL OSI Russia News –

  • MIL-OSI Russia: In the flagship offices of My Documents, Muscovites can consult with tax service specialists

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    In the flagship offices of “My Documents” you can consult with specialists of the Federal Tax Service. Muscovites are told about the possibility of receiving benefits on property taxes for individuals, as well as about debt or overpayment. Employees of the mobile office of the tax service show how to work in the “Personal Account of the Taxpayer” service and help fill out the declaration on form 3-NDFL.

    Consultations are held until November 28. You can contact specialists from 12:00 to 20:00, except for the government service centers in Kommunarka and Moskovsky, which are open from 10:00 to 18:00.

    Working hours of mobile tax service offices:

    — October 17 — the flagship office of “My Documents” in the Central Administrative District (Afimall City shopping and entertainment center, Presnenskaya Embankment, Building 2 (first floor);

    — October 22 and 24 — the flagship office of “My Documents” in the South-West Administrative District (TRC “Spektr”, Novoyasenevsky Prospekt, Building 1 (third floor);

    — October 29 and 31 — the flagship office of “My Documents” in the Southern Administrative District (Columbus shopping center, Kirovogradskaya street, building 13a (third floor);

    — November 5 and 7 — the flagship office of “My Documents” in the Eastern Administrative District (TC “Shchelkovsky”, Shchelkovskoye Shosse, Building 75 (fourth floor);

    — November 12 and 14 — the flagship office of “My Documents” in the South-East Administrative District (TC “Gorod”, Ryazansky Prospekt, Building 2, Building 3 (first floor);

    — November 19 and 26 — the flagship office of “My Documents” in the Northern Administrative District (Metropolis shopping center, Leningradskoe shosse, building 16a, building 8 (minus first floor);

    — November 26 and 28 — the flagship office of “My Documents” in the North-West Administrative Okrug (Kaleidoscope shopping center, Skhodnenskaya street, building 56 (fourth floor);

    — November 18 — the Kommunarka district government services center (Aleksandry Monakhovoy Street, building 23);

    — November 20 — Moskovsky government services center (Filimonkovsky district, Moskovsky, 3rd microdistrict, building 21).

    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/145221073/

    MIL OSI Russia News –

  • MIL-OSI Economics: The Wall Elevates Art and Technology at Venice Biennale

    Source: Samsung

    Samsung Electronics added a new dimension to cinematic storytelling with The Wall Micro LED display at this year’s world famous Venice Biennale Art Festival.
     
    At the festival, The Wall Micro LED is showcasing director Marco Perego’s latest film Dovecote, starring Zoë Saldaña. Dovecote is a poignant film about a woman’s emotional journey as she leaves the prison and the deep bonds she formed with fellow inmates.
     
    The screenings, scheduled until the close of the festival on November 24, take place in a unique setting at the Vatican’s official pavilion located in the Giudecca women’s prison. This venue adds layers of emotional depth to the film as it is also where the piece was filmed, heightening the themes of freedom, belonging and resilience.
     
    ▲ The Giudecca Women’s Prison, the filming location and venue for the screening of Dovecote
     
     
    Unparalleled Visual Artistry With The Wall
    Renowned for its celebration of artistic expression, the Venice Biennale became a stage for technological innovation with Samsung Electronics’ involvement this year. Perego’s Dovecote demanded a display capable of capturing its emotional intricacies, including the strong bonds formed between the inmates and the isolation they endure. The superior color accuracy and contrast of The Wall made it the ideal choice.
     
    
     
    The collaboration between Perego and Samsung was a natural fit. Samsung Electronics provided advanced display technology and technical support from installation to execution, ensuring the visual depth intended by the director.
     
     
    Groundbreaking Micro LED Technology Elevates Visual Art to New Heights
    Samsung Electronics’ cutting-edge Micro LED technology was selected to showcase Perego’s Dovecote. The Wall’s 1.2mm pixel pitch IWA model was chosen for its ability to immerse viewers in the film’s delicate visual nuances.
     
    ▲ Film director Marco Perego viewing a screening of Dovecote
     
    With Samsung’s The Wall, Perego was able to realize his artistic vision, presenting his film with the superior display needed to convey the precise hues and contrasts achieved during the color grading process. The immersive experience enabled by Samsung’s display technology was key to the film’s success in captivating artists, curators and art enthusiasts worldwide.
     
    “The most important thing after you finish a film is how you show this film,” said Perego, following the premiere on August 17. “Thanks to the collaboration with Samsung, we were capable of really bringing out the right color and the right contrast to achieve the emotional impact I envisioned for the film.”
     
    The Wall’s Micro LED technology delivers deep blacks and amazing contrast, intensifying the emotional weight of each scene while fully immersing viewers in the film’s themes and the performances of Saldaña and the cast.
     
    ▲ Samsung Electronics team alongside director Marco Perego and actor Zoë Saldaña
     
    This collaboration stemmed from Samsung’s long-standing relationships with Hollywood industry professionals, including previous work with the Cinema LED Onyx. Originally shot at 23.98 frames per second in cinema color spaces, the teams worked together to seamlessly integrate Dovecote‘s cinematic elements with The Wall’s advanced display technology, pushing the boundaries of traditional screens.
     
    “The Wall’s Micro LED technology resulted in a collaboration that delivered a screening with all of the elements great for the art industry,” said Paul Maloney, Head of Hardware Tech Consulting, Europe Display Office, Samsung Electronics. “For Samsung, it has been an honor to have supported Marco Perego’s film and achieve the artistic vision he had imagined.”
     
    ▲ Director Marco Perego with Paul Maloney, Head of Hardware Tech Consulting, Europe Display Office, Samsung Electronics during the Dovecote screening
     
    “We are incredibly proud to contribute to this unique project,” said Ben Holmes, Director of Display Marketing, Europe Display Office, Samsung Electronics. “The Wall’s superior picture quality, coupled with its ability to bring out the minute details and vibrant colors, perfectly aligned with Marco Perego’s vision of creating an immersive experience to draw viewers into the themes of the film.”
     
     
    Empowering Creators with Cutting-Edge Display Technology
    Samsung continues to push the boundaries of display technology with The Wall, empowering creators in film and art. The Wall for Virtual Production (IVC model) is another prime example that enables companies and producers to innovate their productions. The ultra-large LED walls are created for virtual content, which seamlessly integrates real-time visual effects to reduce production time and costs.
     
    Samsung’s The Wall displays have been utilized by artists worldwide to bring their creative visions to life. For example, contemporary Korean art leader, the late Park Seo-Bo, showcased his masterpiece on The Wall All-in-One (IAB model) 146-inch 4K screen at New York’s Rockefeller Center.
     
    ▲ Park Seo-Bo’s “Écriture” series, digitally rendered on The Wall’s 146-inch 4K screen, at the “Origin, Emergence, Return” exhibition, Rockefeller Center, New York.
     
    Likewise, Dutch-American audiovisual artist 0010×0010 used The Wall All-in-One during an exhibition in Bangkok, Thailand, to explore the convergence of digital and physical worlds. These are just a few examples of how The Wall is helping to redefine the boundaries of modern art.
     
    Samsung Electronics’ participation at the 60th Venice Biennale is more than just a milestone in its support of the arts; it is a testament to the future of art and technology converging. By continuing to push the limits of display technology, Samsung opens new possibilities for creators across the globe, allowing them to tell their stories with unparalleled visual depth and clarity.

    MIL OSI Economics –

  • MIL-OSI Economics: Media Release: Net zero goals a step closer with Moomba CCS project milestone – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media Release: Net zero goals a step closer with Moomba CCS project milestone – Australian Energy Producers

    First injection and full ramp up at the Moomba carbon capture and storage (CCS) project marks a major milestone for Australia’s rollout of this crucial net zero technology.

    Australian Energy Producers Chief Executive Samantha McCulloch said the Santos and Beach Energy Moomba joint venture demonstrates the Australian oil and gas sector is driving progress to net zero, deploying proven technologies to cut emissions today.

    “At Moomba, Santos has proven what the industry has long known – that CCS is real and it works. It’s a first for onshore in Australia,” she said.

    “Australia is now host to two of the largest CO2 storage projects in the world, with Moomba and Chevron’s Gorgon project storing emissions equivalent to taking one million cars off the road each year.”

    Around the world, there are more than 50 large-scale CCS projects in operation, with a further 550 under development.

    “This global momentum for CCS is essential for achieving climate goals, with the International Energy Agency, the Intergovernmental Panel on Climate Change and CSIRO all clear that there is no pathway to net zero without CCS,” Ms McCulloch said.

    “CCS is particularly important for manufacturing, because without it industries like fertiliser and chemical production, iron and steel, and cement, will find it harder and more expensive to reach net zero.”

    In Australia, between two and 20 Moomba-scale CCS projects need to be built each year between now and 2050 to reach net zero, according to the Net Zero Australia study. 

    “Australia has a comparative advantage in CCS, with world class geology, industry experience, and strong links with regional trading partners looking to collaborate on CCS,” Ms McCulloch said.

    “Scaling up CCS is an opportunity not just to reduce emissions but to create new jobs and attract new investment.”

    However, CCS continues to be kept on the sidelines of energy and climate policies in Australia.

    “Australia is increasingly out of step with the rest of the world in failing to provide meaningful policy support for this critical technology,” Ms McCulloch said.

    “If Australia is going to reach net zero, while managing cost of living pressures for Australian households and businesses, we need to take a technology-neutral, least-cost approach to emissions reductions, and this includes CCS.”

    MIL OSI Economics –

  • MIL-OSI Australia: Australia’s largest charity kitchen opens its doors in Melbourne

    Source: Australian Ministers for Regional Development

    Today food rescue and relief charity FareShare officially opens the doors of its new kitchen at South Audley Street, Abbotsford, in Melbourne’s inner north east.

    The state-of-the-art facility will serve as Australia’s largest charity kitchen, and will see rescued, donated and homegrown food transformed into millions of delicious, healthy meals to support the dignity and wellbeing of Australians experiencing hardship.

    The Allan Labor Government contributed $2.2 million to the project which upgraded key equipment to expand packing and chilling capacity. 

    The Albanese Labor Government committed $2 million to the $8.16 million project, which significantly upgraded the kitchen. Nearly $4 million was raised by philanthropic funding to make up the remaining funds toward the project.

    With a kitchen area that has been expanded by 35 per cent, FareShare is now able to produce a staggering additional 500,000 meals every year.

    In addition to the new kitchen facilities, the site’s warehouse has more than doubled in size, to enable the storage of larger quantities of rescued food, as well as keeping the vegetables and herbs grown at FareShare’s kitchen gardens fresh.

    There are also new offices, banks of ovens, cool rooms, wash areas, store rooms, a forklift area, laundry and cleaners’ areas, bin rooms, toilets and parking spaces.

    FareShare’s meals for people experiencing food insecurity are given away free to frontline charities such as soup vans, homeless shelters, women’s refuges, First Nations organisations and groups providing disaster relief.

    Quotes attributable to Minister for Infrastructure, Transport, Regional Development and Local Government Catherine King:

    “There are plenty of people here in Melbourne and across Australia, who are suffering hardship and finding it difficult to afford meals.

    “It’s wonderful to see the significantly upgraded facilities here at the Fareshare Abbotsford Charity Kitchen now open, which will be able to dish up 4,000 free meals a day, to more than 400 charities that will assist in distributing the food to those in hardship.

    “The upgraded facilities will also allow for meal production for frontline charities to be upscaled in times of natural disasters should this be needed.”

    Quotes attributable to Victorian Minister for Carers and Volunteers Ros Spence:

    “FareShare’s efforts provide a lifeline for people doing it tough and we’re proud to support their work day in and day out to support those who need a helping hand, contributing to stronger, more connected communities.”

    “No Victorian family should have to worry about putting food on the table, which is why we’ve invested more than $56 million since 2020 to strengthen support, including for six regional food relief hubs.”

    Quotes attributable to Federal Member for Macnamara Josh Burns:

    “As well as the essential service this will provide in feeding the hungry in our city, these new facilities will improve outcomes for social amenity and cohesion, health and wellbeing for those in need.

    “This project will make a real difference to many right across our city – by helping people at the ground level of hardship get a good feed.”

    Quotes attributable to Federal Member for Higgins Michelle Ananda-Rajah:

    “The Australian Government understands that many people are facing tough times, even in our country’s largest cities. That’s why we’ve helped fund this expanded facility, which will now be able to provide many more meals for the charities it assists.

    “What a great outcome to now have the Fareshare Abbotsford Charity Kitchen working at greater capacity, to support even more people in our city who are experiencing hardship.”

    Quote attributable to State Member for Northern Metropolitan Enver Erdogan

    “We’re proud to support food relief operations like this one in Abbotsford, rescuing food from going to waste and – with the champion efforts of a team of volunteers – feeding thousands of hungry people.”

    Quotes attributable to SecondBite | FareShare CEO Daniel Moorfield:

    “The new facility couldn’t come at a better time to support the growing needs of Australians as they do it tough in the cost-of-living crisis.

    “This facility would not have been possible without the support of the Australian and Victorian governments, and our many dedicated supporters – both financial and in kind.

    “We would love to thank each and every one of them, who came together to make this happen.

    “It is only with their help that we are officially opening our doors today and producing more meals than ever before.”

    MIL OSI News –

  • MIL-OSI Australia: A million new jobs under Labor

    Source: Australian Treasurer

    Under the Albanese Government, more Australians are working, earning more and keeping more of what they earn, with today’s ABS Labour Force figures showing well over a million jobs (1,039,300) have now been created since Labor came to office in 2022.

    This is the first and only time any government of any political persuasion has overseen the creation of a million new jobs in a single parliamentary term.

    This is a remarkable achievement, in the context of a slowing economy and a labour market that is expected to soften.

    Today’s result means the Albanese Government continues to oversee the largest increase in employment in a single parliamentary term in Australia’s history.

    In September, 64,100 jobs were created – 51,600 of which were full‑time positions.

    It’s also encouraging to note that the labour force participation rate continued to increase over the month, rising by 0.1 percentage points in September, to stand at a record high of 67.2 per cent.

    That equates to an additional 54,900 people entering the labour force over the month.

    Importantly, the female participation rate increased to a record high of 63.2 per cent, equating to an additional 23,100 women entering the labour force.

    Strong jobs growth was recorded across most Australian states and territories in September with employment now at a record high in five jurisdictions.

    Particularly positive results were recorded in New South Wales (with employment up by 23,100 or 0.5 per cent), followed by Victoria (up by 21,700 or 0.6 per cent) and Western Australia (up 8,300 or 0.5 per cent).

    Helping all Australians find work and delivering higher wages is one of the best ways we can support households with current cost‑of‑living pressures.

    The average full‑time worker is now earning $159 extra per week since the Albanese Government was elected. And the average full‑time worker is also receiving a tax cut of $44 per week because of the Government’s cost‑of‑living tax cuts.

    But while the Albanese Labor Government is focused on supporting more well‑paid, secure jobs, Peter Dutton and the Coalition have promised to cut wages and working conditions if they’re elected.

    Just this week, Shadow Finance Minister Jane Hume told Sky News the Coalition will “definitely consider” a request to allow medium sized businesses to unfairly dismiss their workers, without repercussions.

    This is on top of earlier promises from Peter Dutton to cut labour hire workers’ pay and scrap the rights of casual workers and the Right to Disconnect, forcing Australians into more unpaid overtime.

    At a time when many Australians are doing it tough, Peter Dutton and the Coalition will make things worse.

    We’re all about more people working, earning more and keeping more of what they earn and this shows we’re making good progress.

    Peter Dutton and the Coalition want you to work longer for less.

    Quotes attributable to Prime Minister Anthony Albanese

    “Today’s data shows that one million new jobs have been created since our election, and that our Government has helped more Australians than ever into secure, well‑paid jobs – earning more and keeping more of what they earn.

    “This is the most jobs ever created in a parliamentary term in Australian history.

    “The majority of our one million new jobs are full‑time, around half are for women and the gender pay gap is at a record low.

    Quotes attributable to Treasurer Jim Chalmers

    “More than a million new jobs in one parliamentary term is a pretty remarkable achievement in a slowing economy, and it means more new jobs have been created on our watch than any other government at any time.

    “This is the first and only time any government of any political persuasion has overseen the creation of a million new jobs in a single parliamentary term.

    “It’s a tribute to Australian workers and employers and it justifies the responsible way we’re managing the economy.”

    Quotes attributable to Minister for Employment and Workplace Relations Murray Watt

    “This is a great result that is helping more Australians deal with cost of living pressures.

    “There’s nothing more important than having a well‑paid job, so that you can pay your bills, and that’s what the Albanese Government is delivering.

    “In contrast, Peter Dutton has promised to make life harder for people, by cutting wages and conditions and making it easier to get the sack.”

    MIL OSI News –

  • MIL-OSI: LHV Group Financial Calendar for 2025

    Source: GlobeNewswire (MIL-OSI)

    AS LHV Group has decided the company’s Financial Calendar for the 2025 financial year.

    In 2025 LHV Group plans to disclose information and organise the Annual General Meeting of shareholders according to the following schedule:

    11.02.2025 Q4 2024 and unaudited full year results
    13.02.2025 Disclosure of Financial Plan
    18.02.2025 January results
    04.03.2025 Audited results for 2024
    12.03.2025 February results
    26.03.2025 Annual General Meeting
    08.04.2025 Ex-dividend date (ex-date)
    22.04.2025 Q1 interim results
    13.05.2025 April results
    17.06.2025 May results
    22.07.2025 Q2 interim results
    12.08.2025 July results
    16.09.2025 August results
    21.10.2025 Q3 interim results
    18.11.2025 October results
    16.12.2025 November results

    LHV Group is the largest domestic financial group and capital provider in Estonia. The LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the end of August, LHV’s banking services are used by 441,000 clients, the pension funds managed by LHV have 118,000 active clients, and LHV Kindlustus protects a total of 168,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communication Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee

    The MIL Network –

  • MIL-OSI: Nokia Corporation Interim Report for Q3 2024

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Interim Report
    17 October 2024 at 08:00 EEST

    Nokia Corporation Interim Report for Q3 2024

    Strong gross margin improvement amidst ongoing market weakness

    • Q3 net sales declined 7% y-o-y in constant currency (-8% reported) as growth in Network Infrastructure and Nokia Technologies was offset by decline in Mobile Networks primarily in India and a divestment in Cloud and Network Services.
    • Order intake remained strong in Network Infrastructure, while the sales recovery continues to be slower than expected.
    • Comparable gross margin in Q3 increased by 490bps y-o-y to 45.7% (reported increased 500bps to 45.2%), with improvements across business groups, particularly in Mobile Networks.
    • Q3 comparable operating margin increased 160bps y-o-y to 10.5% (reported up 70bps to 5.7%), mainly due to higher gross margin, continued cost control and a benefit from the reversal of loss allowances for certain trade receivables.
    • Q3 comparable diluted EPS for the period of EUR 0.06; reported diluted EPS for the period of EUR 0.03.
    • Q3 free cash flow of EUR 0.6 billion, net cash balance EUR 5.5 billion.
    • Continued to make significant progress with cost savings program, EUR 500 million run-rate of gross savings actioned.
    • Nokia’s full year 2024 outlook is unchanged. Nokia currently expects comparable operating profit of between EUR 2.3 billion and 2.9 billion and free cash flow conversion from comparable operating profit of between 30% and 60%.

    This is a summary of the Nokia Corporation Interim Report for Q3 2024 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group’s financial information as well as on Nokia’s outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at http://www.nokia.com/financials. A video interview summarizing the key points of our Q3 results will also be published on the website. Investors should not solely rely on summaries of Nokia’s financial reports and should also review the complete reports with tables.

    PEKKA LUNDMARK, PRESIDENT AND CEO, ON Q3 2024 RESULTS

    As I reflect on our performance in the third quarter, I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness. Among the key highlights was a return to net sales growth in Network Infrastructure with Fixed Networks growing 9% in constant currency and IP Networks growing 6%. Order intake in Network Infrastructure continued to be robust with strong year-on-year growth and a growing order backlog. Additionally, we delivered a significant improvement in our gross margin at the group level and cash generation remained strong with EUR 621 million free cash flow in the quarter.

    There are reasons for optimism across our portfolio. We expect a significant acceleration in growth in Q4 in Network Infrastructure and see a number of structural demand trends supporting our future growth. In Mobile Networks, although market dynamics are more challenging, we have secured several important deals in the quarter, remain confident in our competitive position and are improving our gross margin. In Cloud and Network Services we are seeing excellent momentum in 5G Core along with strong progress in network automation, cloudification and enabling network APIs. Nokia Technologies continues to benefit from greater stability following the conclusion of its smart-phone renewal cycle and is making good progress expanding into the new growth areas.

    Across Nokia we are investing to create new growth opportunities outside of our traditional communications service provider market. We see a significant opportunity to expand our presence in the data center market and are investing to broaden our product portfolio in IP Networks to better address this. Our pending acquisition of Infinera will also bolster our Optical Networks exposure to this market and accelerate our growth opportunities. Additionally, we see a compelling new long-term opportunity in bringing 5G technology to the defense market and we continue to invest in private wireless networks where we are the clear market leader.

    Regarding our financial performance in Q3, our net sales declined by 7% in the quarter in constant currency. Three quarters of the decline was driven by India due to a strong year-ago quarter. Importantly we delivered a significant improvement in comparable gross margin which expanded 490 basis points from the year-ago period to reach 45.7%. This was driven by a combination of improved product mix, regional mix and actions to reduce product cost. Despite continued intense competition, we remain disciplined on price while still winning deals as we remain focused on improving the profitability of our business. We also progressed our cost reduction efforts contributing to a solid improvement of 160 basis points in our comparable operating margin on a year-on-year basis.

    Regarding full year 2024, our comparable operating profit outlook remains EUR 2.3 to 2.9 billion and we are currently tracking within the bottom-half of the range. The net sales recovery is happening slower than we expected previously, however, this is being partially offset by an improving gross margin and quick action on cost. We expect to be at the high end of our free cash flow target of 30% to 60% conversion from comparable operating profit.

    FINANCIAL RESULTS

    EUR million (except for EPS in EUR) Q3’24 Q3’23 YoY change Constant currency YoY change Q1-Q3’24 Q1-Q3’23 YoY change Constant currency YoY change
    Reported results                
    Net sales 4 326 4 709 (8)% (7)% 13 236 15 722 (16)% (15)%
    Gross margin % 45.2% 40.2% 500bps   46.1% 39.4% 670bps  
    Research and development expenses (1 116) (1 067) 5%   (3 376) (3 197) 6%  
    Selling, general and administrative expenses (692) (697) (1)%   (2 101) (2 104) 0%  
    Operating profit 246 237 4%   1 082 1 127 (4)%  
    Operating margin % 5.7% 5.0% 70bps   8.2% 7.2% 100bps  
    Profit from continuing operations 145 130 12%   965 700 38%  
    Profit/(loss) from discontinued operations 31 3 933%   (494) 11    
    Profit for the period 175 133 32%   471 711 (34)%  
    EPS for the period, diluted 0.03 0.02 50%   0.08 0.13 (38)%  
    Net cash and interest-bearing financial investments 5 460 2 960 84%   5 460 2 960 84%  
    Comparable results                
    Net sales 4 326 4 709 (8)% (7)% 13 236 15 722 (16)% (15)%
    Gross margin % 45.7% 40.8% 490bps   47.0% 39.9% 710bps  
    Research and development expenses (1 029) (1 024) 0%   (3 169) (3 119) 2%  
    Selling, general and administrative expenses (591) (594) (1)%   (1 785) (1 833) (3)%  
    Operating profit 454 418 9%   1 477 1 507 (2)%  
    Operating margin % 10.5% 8.9% 160bps   11.2% 9.6% 160bps  
    Profit for the period 358 293 22%   1 198 1 035 16%  
    EPS for the period, diluted 0.06 0.05 20%   0.21 0.18 17%  
    ROIC(1) 10.4% 11.9% (150)bps   10.4% 11.9% (150)bps  

    1 Comparable ROIC = Comparable operating profit after tax, last four quarters / invested capital, average of last five quarters’ ending balances. Refer to the Alternative performance measures section in Nokia Corporation Interim Report for Q3 2024 for details.

    Business group results Network
    Infrastructure    		 Mobile
    Networks    		 Cloud and Network Services Nokia
    Technologies    		 Group Common and Other
    EUR million Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23
    Net sales 1 525 1 534 1 747 2 157 702 742 352 258 3 22
    YoY change (1)%   (19)%   (5)%   36%   (86)%  
    Constant currency YoY change 1%   (17)%   (4)%   35%   (86)%  
    Gross margin % 42.1% 40.5% 39.8% 34.8% 40.9% 39.1% 100.0% 100.0%    
    Operating profit/(loss) 180 165 92 99 65 36 242 181 (126) (62)
    Operating margin % 11.8% 10.8% 5.3% 4.6% 9.3% 4.9% 68.8% 70.2%    

    SHAREHOLDER DISTRIBUTION

    Dividend

    Under the authorization by the Annual General Meeting held on 3 April 2024, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.13 per share to be paid in respect of financial year 2023. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period, in connection with the quarterly results, unless the Board decides otherwise for a justified reason.

    On 17 October 2024, the Board resolved to distribute a dividend of EUR 0.03 per share. The dividend record date is 22 October 2024 and the dividend will be paid on 31 October 2024. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

    Following this announced distribution, the Board’s remaining distribution authorization is a maximum of EUR 0.03 per share.

    Share buyback program

    In January 2024, Nokia’s Board of Directors initiated a share buyback program to repurchase shares to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The share buyback execution started on 20 March 2024. On 19 July 2024, Nokia’s Board of Directors decided to accelerate the timeframe for the share buyback program with the aim of completing the full EUR 600 million program by the end of this year instead of the initial two year timeframe.

    On 27 June 2024, Nokia announced its intention to acquire Infinera in a transaction that valued Infinera at US$1.7 billion equity value with up to 30% of the consideration to be paid in Nokia American depositary shares (“ADSs”), depending on the elections of Infinera shareholders. Nokia’s Board of Directors is committed to repurchase additional shares on top of the on-going EUR 600 million program to offset the dilution from the transaction to Nokia shareholders.

    Under the share buyback program, by 30 September 2024, Nokia had repurchased 84 295 899 of its own shares at an average price per share of approximately EUR 3.48.

    OUTLOOK

      Full Year 2024
    Comparable operating profit(1) EUR 2.3 billion to EUR 2.9 billion
    Free cash flow(1) 30% to 60% conversion from comparable operating profit

    1Please refer to Alternative performance measures section in Nokia Corporation Interim Report for Q3 2024 for a full explanation of how these terms are defined.

    The outlook, long-term targets and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this release. Along with Nokia’s official outlook targets provided above, below are outlook assumptions by business group that support the group level outlook.

      Nokia business group assumptions (full year 2024)
      Net sales growth (constant currency) Operating margin
    Network Infrastructure -6% to -3% (update) 10.0% to 12.0% (update)
    Mobile Networks -22% to -19% (update) 5.0% to 7.0% (update)
    Cloud and Network Services -7% to -4% (update) 6.0% to 8.0% (update)

    Nokia provides the following approximate outlook assumptions for additional items concerning 2024:

      Full year 2024 Comment
    Nokia Technologies operating profit at least
    EUR 1.4 billion    		 Nokia expects cash generation in Nokia Technologies to be EUR 700 million below operating profit in 2024 due to prepayments received in 2023. From 2025 onwards Nokia expects greater alignment between cash generation and operating profit in Nokia Technologies.
    Group Common and Other operating expenses EUR 350 million This includes central function costs which are expected to be largely stable at approximately EUR 200 million and an increase in investment in long-term research to approximately EUR 150 million.
    Comparable financial income and expenses Positive EUR 75 to EUR 125 million  
    Comparable income tax rate ~25%  
    Cash outflows related to income taxes EUR 450 million  
    Capital Expenditures EUR 450 million (update)  

    2026 TARGETS

    Nokia’s current targets for its existing perimeter of the business for 2026 are outlined below. This does not consider pending acquisitions. The Network Infrastructure operating margin assumption below considers Submarine Networks being treated as a discontinued operation. Nokia sees further opportunities to increase margins beyond 2026 and believes an operating margin of 14% remains achievable over the longer term.
    Net sales    		 Grow faster than the market
    Comparable operating margin(1) ≥ 13%
    Free cash flow(1) 55% to 85% conversion from comparable operating profit

    1 Please refer to Alternative performance measures section in Nokia Corporation Interim Report for Q3 2024 for a full explanation of how these terms are defined.

    The comparable operating margin target for Nokia group is built on the following assumptions by business group for 2026:

    Network Infrastructure 13 – 16% operating margin
    Mobile Networks 6 – 9% operating margin
    Cloud and Network Services 7 – 10% operating margin
    Nokia Technologies Operating profit more than EUR 1.1 billion
    Group common and other Approximately EUR 300 million of operating expenses

    RISK FACTORS

    Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to:

    • Competitive intensity, which is expected to continue at a high level as some competitors seek to take share;
    • Changes in customer network investments related to their ability to monetize the network;
    • Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments;
    • Our ability to procure certain standard components and the costs thereof, such as semiconductors;
    • Disturbance in the global supply chain;
    • Impact of inflation, increased global macro-uncertainty, major currency fluctuations and higher interest rates;
    • Potential economic impact and disruption of global pandemics;
    • War or other geopolitical conflicts, disruptions and potential costs thereof;
    • Other macroeconomic, industry and competitive developments;
    • Timing and value of new, renewed and existing patent licensing agreements with licensees;
    • Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; on-going litigation with respect to licensing and regulatory landscape for patent licensing;
    • The outcomes of on-going and potential disputes and litigation;
    • Our ability to execute, complete and realize the expected benefits from our ongoing transactions;
    • Timing of completions and acceptances of certain projects;
    • Our product and regional mix;
    • Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to business mix, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reforms in various countries and OECD initiatives;
    • Our ability to utilize our Finnish deferred tax assets and their recognition on our balance sheet;
    • Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions;as well the risk factors specified under Forward-looking statements of this release, and our 2023 annual report on Form 20-F published on 29 February 2024 under Operating and financial review and prospects-Risk factors.

    FORWARD-LOOKING STATEMENTS

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to our ongoing transactions and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “see”, “plan” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

    ANALYST WEBCAST

    • Nokia’s webcast will begin on 17 October 2024 at 11.30 a.m. Finnish time (EEST). The webcast will last approximately 60 minutes.
    • The webcast will be a presentation followed by a Q&A session. Presentation slides will be available for download at http://www.nokia.com/financials.
    • A link to the webcast will be available at http://www.nokia.com/financials.
    • Media representatives can listen in via the link, or alternatively call +1-412-317-5619.

    FINANCIAL CALENDAR

    • Nokia plans to publish its fourth quarter and full year 2024 results on 30 January 2025.

    About Nokia

    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia
    Communications
    Phone: +358 10 448 4900
    Email:press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 4080 3 4080
    Email:investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI Security: USS San Diego Holds Change of Command Ceremony in Sasebo, Japan

    Source: United States Navy Pacific Fleet 1

    by Lt. Bridget Wiseman

    03 October 2024

    Capt. Timothy R. Carter relieved Capt. David W. Walton as commanding officer of amphibious transport dock ship USS San Diego (LPD 22) during a change of command ceremony held in the ship’s well deck, Oct. 03.

    RDML. Christopher Stone, served as the guest speaker and presiding officer for the event, during which he presented Walton with a Legion of Merit for his time aboard San Diego.

    “Captain Walton, while serving as commanding officer of San Diego, imbued in his team the concepts of how we fight. He tirelessly fostered a culture of excellence that built capable warfighters, warfighters who are ready and will make a significant impact in Seventh Fleet, operating alongside our Allies and partners in ensuring a free and open Indo-Pacific. D.J., as we wish you fair winds and following seas, I want to congratulate you on a job well done”.

    Walton led San Diego through a challenging Maintenance, Basic, and Advanced Phase. After finishing an extended dry-docking selected restricted availability (SRA), Walton led the ship and her crew through a 47-week Basic Phase while managing four major scheduled and emergent repair availabilities – testing, managing and training many significant modernizations to the ship’s propulsion and electrical plant and combat system suite.
    Most notably, Walton led the ship in the historical NASA URT-11 mission where, for the first time, the Department of Defense and NASA completed a full recovery simulation with the Artemis II Flight Crew. This was in preparation for the Artemis II crewed mission that will send four astronauts in Orion beyond the Moon for the first time. He continued his tour accomplishing the successful homeport shift of San Diego from her namesake city of San Diego, Calf. to Sasebo Japan. He spoke of the crew’s greatest achievements and his proudest memories while on San Diego.

    “Leading the men and women of USS San Diego has been the highest honor of my naval career. Over the past couple of years we have faced challenges and celebrated victories. Whether it was completing the SRA, excelling throughout the Basic Phase, working NASA, or most recently conducting a flawless home port change, I have always been proud to witness the unwavering dedication, professionalism, and resilience displayed by every Sailor aboard this ship.”

    Walton concluded his remarks by reading his orders, followed by Carter reading his own orders and addressing the crew for the first time as San Diego’s commanding officer.

    “Captain Walton, your leadership and dedication have set a high standard, and it’s an honor to follow in your footsteps. To the crew of USS San Diego (LPD 22), I assume command today with great pride and humility. I understand the responsibility of this role, and I am committed to leading with integrity, respect, and a relentless focus on our mission.”

    Captain Carter served as Battle Watch Captain and Maritime Homeland Defense Planner (N35) on the staff of U.S. Fleet Forces Command. Current Operations Director and Future Operations Director at Commander Fifth Fleet. He served as Military Deputy for Deputy Assistance Secretary of Defense for Platform Weapon Portfolio Management at the Pentagon. He is a graduate of the Naval Postgraduate School in Monterey, California, where he obtained a Master of Science in Information System Technology and completed his Joint Professional Military Education Phase I. He is a graduate of the National War College in Washington, D.C. where he obtained a Master of Science in National Security Strategy.

    Walton will report to OPNAV N95 as the Expeditionary Warfare Readiness Director at the Pentagon in Arlington, Virginia.

    For more news from USS San Diego, visit https://www.surfpac.navy.mil/lpd22/
    On Facebook, visit http://www.facebook.com/LPD22

    MIL Security OSI –

  • MIL-OSI Security: Expeditionary Medical Forces provide care for partner nation, raises health security and capabilities

    Source: United States Navy (Medical)

    TEGUCIGALPA, Honduras –Expeditionary Medical Facility (EMF) Kilo personnel partnered with Joint Task Force-Bravo (JTF) for a Global Health Engagement (GHE) at Hospital Escuela in Tegucigalpa, Honduras, Sept. 14-28, 2024.

    Bringing with them an array of medicine and equipment, EMF Kilo’s 11-person team worked alongside Hospital Escuela medical staff treating and performing surgical procedures on patients with oncologic or orthopedic traumatic injuries.

    “During our time there we were able to complete 50 surgical cases, with 13 of those cases utilizing consumables donated from Naval Medical Center Camp Lejeune or from Joint Task Force-Bravo, which is the local military organization that we are working in conjunction with here,” said Cmdr. Louis Lewandowski, EMF Kilo team lead and orthopedic surgeon.

    JTF-Bravo has supported operations in Honduras for more than 20 years; this is the first Global Health Engagement that EMF Kilo has provided support for in Tegucigalpa, Honduras.

    “The entirety of the surgical procedures has been performed working very much shoulder-to-shoulder with the residents from the partner nation hospital, hospital Escuela, and that integration has been a key component in the ability to execute these cases,” said Lewandowski. “Many times, with some of the more complex cases, their hospital staff attending and facilitating both the exchanging of ideas and concepts was very much a two-way street in execution.”

    Hospital Corpsman Third Class Marylyn Masmela, EMF Kilo’s surgical technologist, said the team planned for the lack of resources and worked closely with the local hospital to identify the caseload and the supplies required to meet that mission, but some challenges arose.

    “From a tech standpoint it was a little tough getting used to their sets because they were very different from ours,” Masmela said. “But everyone was very helpful with getting everything that we needed and were able to coordinate as best as they could.”

    As JTF-Bravo and EMF Kilo worked alongside Honduran medical professionals, providing orthopedic trauma capabilities to an underserviced population, the teams were able to build upon shared knowledge for future joint operations while raising Honduras’ overall health security and capability.

    “The benefit [to the host nation] came from having our surgical technologist, our anesthesiologists, our nurses come to support evolutions that their surgical teams were already doing. It provided the hospital a little bit more opportunity to expand the number of rooms they were running in order to facilitate the cases,” said Lewandowski. “We’ve been able to both help them provide care, but also learned a lot from their experiences and how they are able to provide the best care they can with the tools that they have in a resource constrained environment.”

    EMF Kilo donated the remaining consumables brought along for the mission back to Hospital Escuela.

    Dr. Ery Martinez with Hospital Escuela shared his heartfelt appreciation, thanking HM3 and the group in general upon their departure. “Thank you for sharing your knowledge, time, and unconditional support for our hospital. [You] have strengthened ties between our counties and have shown the true meaning of solidarity and commitment.”

    EMF Kilo was formally established in 2023 with U.S. Navy Captain Darryl Arfsten taking command. EMF Kilo is the readiness platform of Navy Medicine Readiness and Training Command Camp Lejeune and is comprised of approximately 400 personnel ready to deploy field hospital capabilities during humanitarian or combat missions.

    MIL Security OSI –

  • MIL-OSI China: Chinese automakers push forward with growth plans

    Source: China State Council Information Office

    People visit the pavilion of Chinese carmaker BYD at the 2024 Paris Motor Show during the media day in Paris, France, Oct. 14, 2024. [Photo/Xinhua]

    Chinese automakers are pushing forward with their development plans despite protectionist tariff threats from the European Union.

    Nine leading Chinese brands, including BYD, Xpeng, and Leapmotor, showcased new electric vehicle (EV) models at the 2024 Paris Motor Show, highlighting their technological advancements and determination to grow.

    Among the key unveilings was Leapmotor’s global debut of its B10 model, a compact electric SUV that will be manufactured in Poland for European consumers.

    Zhu Jiangming, founder of Leapmotor, outlined the B10’s advanced features, which include Advanced Driver Assistance Systems, a customizable digital cockpit, and intelligent driving capabilities. He also noted the company’s collaboration with the Stellantis team for chassis tuning, aiming to meet the preferences of younger consumers seeking innovation and quality.

    “The debut highlights Leapmotor’s rapid growth in Europe, with over 200 dealers already established across 13 markets, aiming to reach 500 sales points by 2025,” Leapmotor revealed.

    Stellantis CEO Carlos Tavares commended Leapmotor’s rapid growth and its in-house R&D capabilities, highlighting that the Leapmotor joint venture will promote affordable EVs globally and reshape Europe’s EV market.

    China’s Dongfeng Liuzhou Motor Co., Ltd. showcased four new energy vehicles: the flagship luxury Forthing V9 MPV, the pure electric sedan Forthing S7, the pure-electric SUV Friday and the hybrid MPV U-Tour.

    General Manager Lin Changbo emphasized the company’s portfolio of over 21,000 active patents, highlighting the commitment to enhancing global competitiveness and fostering collaboration with industry partners.

    Xpeng Motors introduced its AI-powered P7+ sedan, which it described as the “world’s first AI car.”

    Currently, the automotive industry is benefiting from two major advantages: intelligence and electrification, He Xiaopeng, chairman and CEO of Xpeng, told Xinhua in an exclusive interview.

    He stressed that as a member of China’s emerging car manufacturing forces, the company will continue to invest in R&D and deliver innovative intelligent technology to the European market.

    BYD unveiled its mid-sized electric SUV, the Sealion 7, and introduced its luxury Yangwang U8 SUV to the French market. Executive Vice President Li Ke told Frankfurter Allgemeine Sonntagszeitung newspaper that the company plans to start vehicle production in Hungary by late 2025, further cementing its position as a major Chinese player in Europe’s EV market.

    MIL OSI China News –

  • MIL-OSI China: China to introduce incremental policies to prop up property sector

    Source: China State Council Information Office

    China will introduce a slew of incremental measures to stabilize the property sector, Ni Hong, minister of housing and urban-rural development, told a press conference on Thursday.

    The government will step up support for urban village and dilapidated housing renovation projects, Ni said, adding that China will complete the renovation of an additional 1 million such housing units by providing monetary compensation to residents.

    The minister stressed all eligible real estate projects will be included in the “white list” mechanism and that their reasonable financing needs will be met through loans.

    As of Oct. 16, loans approved for the “white list” real estate projects have reached 2.23 trillion yuan (about 313.11 billion U.S. dollars), Xiao Yuanqi, deputy head of the National Financial Regulatory Administration, said at the press conference.

    It is expected that by the end of this year, the approved loan amount for “white list” projects will double to over 4 trillion yuan, Xiao said.

    Under the “white list” mechanism launched in late January, local authorities are recommending that financial institutions provide financial support to eligible real estate projects.

    The mechanism is part of China’s efforts to stabilize the sector weighed by debt problems and boost confidence in an industry that accounts for nearly 6 percent of the country’s GDP.

    MIL OSI China News –

  • MIL-OSI China: ASML loses title as Europe’s most valued tech firm

    Source: China State Council Information Office

    Dutch semiconductor equipment manufacturer ASML saw a steep drop in its stock price for a second consecutive day on Wednesday, following a sharp fall on Tuesday.

    The slide came after the company released its third-quarter 2024 financial results a day early, revealing a sharp decrease in orders.

    ASML reported that third-quarter orders totaled approximately 2.6 billion euros (about 2.8 billion U.S. dollars), less than half of the 5.6 billion euros from the previous quarter. This disappointing performance triggered a major sell-off on Tuesday, causing ASML’s stock to plummet by nearly 124 euros, a 15.6 percent drop by the market’s close.

    The downward momentum continued into Wednesday, with shares falling an additional 5.1 percent, ending the day at 633.9 euros.

    Over the two days, ASML saw more than 60 billion euros in market value erased, leading to the loss of its status as the most valuable tech company in Europe. German software giant SAP SE has now claimed that title, with a market capitalization of approximately 259 billion euros. (1 euro = 1.09 U.S. dollars)

    MIL OSI China News –

  • MIL-OSI China: Clean energy growth to peak fossil fuels demand by 2030: IEA

    Source: China State Council Information Office

    Clean energy growth and shifts in the global economy are poised to slow energy demand growth, bringing the world to a pivotal point where demand for fossil fuels will peak by 2030, the International Energy Agency (IEA) said on Wednesday.

    In its World Energy Outlook 2024, the IEA emphasized that the clean energy growth is strong enough to meet the global increase in energy demand post-2030, entirely through renewable sources.

    The IEA points out that an electrified, renewables-dominated energy system is far more efficient than traditional fossil fuel-based systems where much energy is lost as waste heat.

    In 2023 alone, more than 560 gigawatts (GW) of new renewable energy capacity was added globally, with investments in clean energy projects nearing 2 trillion U.S. dollars annually – almost twice the amount being spent on new fossil fuel supply.

    The report praised China’s contribution, noting that the country accounted for 60 percent of the new global renewable capacity in 2023. By the early 2030s, China’s solar PV generation is expected to surpass the current electricity demand of the entire United States.

    Looking ahead, the IEA predicts that electricity demand will continue to grow rapidly, outpacing overall energy demand and marking a shift toward a more electrified global energy system.

    However, despite this transition, liquefied natural gas (LNG) demand is expected to grow at a rate of over 2.5 percent annually through 2035, an upward revision from last year’s outlook and faster than the rise in overall gas demand.

    The IEA also forecasts an easing of oil market pressures, with spare crude production capacity set to rise to 8 million barrels per day by 2030.

    IEA Executive Director Fatih Birol noted that this potential surplus in oil and gas, dependent on geopolitical developments, could lead to a very different energy world than the one experienced during the recent global energy crisis.

    MIL OSI China News –