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  • MIL-OSI Russia: The Federation of Sports Programming of Russia has become a new partner of the State University of Management

    MILES AXLE Translation. Region: Russian Federation –

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

    On October 17, the State University of Management and the Russian Federation of Sports Programming signed a cooperation agreement.

    The document was signed by the Vice-Rector of the State University of Management Vitaly Lapshenkov and the Executive Director of the Federation of Sports Programming of Russia Andrey Arbuzov.

    The meeting took place at the largest industry event in Russian sports – the Russia – Sports Power forum, which serves as a platform for discussing ways to develop the sports industry in the country.

    The forum pays special attention to innovative sports that are becoming increasingly popular. One of them is sports programming, which combines technology, creativity and sports skills.

    The signed agreement opens new horizons for joint work and development of innovative sports at our university.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/17/2024

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

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

    The Federation of Sports Programming of Russia has become a new partner of the State University of Management

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Powerful new fostering film launched

    Source: City of Portsmouth

    ‘Everything’ launched on 17 October. It is the seventh film produced by a growing partnership of councils and children’s trusts to promote local authority fostering. The ‘Everything’ project is the largest collaboration yet.

    Cllr Suzy Horton, Cabinet Member for Children, Families and Education at Portsmouth City Council, said:

    “The ‘Everything’ project has given Foster Portsmouth an amazing film that shows the long-term impact fostering can have, with relationships between carers and children lasting well into adulthood.”

    “All councils need to recruit more foster carers, and by collaborating to produce this emotionally powerful film, we will show people how rewarding and life-changing fostering is.”

    “The message is the same for all of us; we need more people to step forward and become foster carers. ‘Everything’ will help us to reach more people in our communities and encourage them to find out more about this really rewarding role.”

    “We are committed to giving vulnerable children and young people we care for the best chance to thrive.”

    ‘Everything’ follows foster carer Mike and his family on a journey through time with two of the children they have looked after, who are now adults. Will and Zara take time to reflect on how being fostered made a difference to their lives, and thank Mike for ‘everything’.

    Thanks to footage shot on a genuine old camcorder, we are taken to the 1990s to see how Will settles into the family alongside Mike’s son Chris and the 2010s when a young Zara is being taught to play the guitar by Mike.

    The concluding message of the film is that what you do with your life could forever change someone else’s – encouraging people to foster in order to make that change.

    Project Director, Rachel Brown describes the main message of the film:

    “Many people don’t realise how common it is for relationships made through fostering to last well beyond the ‘official’ caring role. This has a huge impact on the lives of those who have been fostered, giving them stability and security well into adulthood.

    “We also wanted to reflect how the children of foster carers make a difference to children when they come into care, helping them to feel part of the family.”

    “Having over 100 councils taking part in the project, the film will reach a very wide audience, encouraging people to find out more and take the steps towards becoming a foster carer.”

    “Fostering with your local council means you can better support local children and young people who need a safe and nurturing home where they can grow and thrive.”

    Sarah Thomas, chief executive of the Fostering Network says:

    “The Fostering Network has been proud to support the collaborative film projects since ‘Giants’ in 2017. It’s great to see local authority fostering services pooling resources to produce another amazing film. ‘Everything’ will help to amplify their message about the chronic shortage of fostering households, encouraging more people to come forward and foster.”

    “One of the main characters in the film, Chris, shows how important other family members are when it comes to fostering. This is something we champion throughout October, which is Children of Foster Carer’s Month.”

    View the film ‘Everything’ at: http://www.fosterportsmouth.gov.uk/everything.

    For more information on fostering with Foster Portsmouth, fill in our contact form, visit: http://www.foster.portsmouth.gov.uk, call the Fostering SouthEast recruitment team on 0300 131 2797 or email info@lafosteringse.org.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Progress for investment in Grangemouth’s future

    Source: United Kingdom – Executive Government & Departments

    UK and Scottish Governments step up plans to support workers at Grangemouth refinery, with immediate investment in skills and training.

    • UK and Scottish Governments respond to Petroineos’ decision to close the refinery with investment in local community
    • Forth Valley College mobilised to support affected workers with bespoke skills support
    • Energy Secretary reiterates UK Government’s willingness to engage on how the National Wealth Fund could fund viable Project Willow outcomes, working with trade unions and industry

    The UK and Scottish Governments are jointly stepping up plans to support workers at the Grangemouth refinery affected by the risk of redundancy, with immediate investment in skills and training. 

    In addition to UK Government and Scottish Government’s joint £100m investment in the Falkirk and Grangemouth Growth Deal, Forth Valley College will receive funding to deliver bespoke support for workers affected by Petroineos’ decision to decommission the oil refinery.  

    Backed by this £100m funding, workers at Grangemouth refinery at risk of redundancy will be contacted in the coming weeks and offered tailored support to access new jobs in the local area that will shape the future of Grangemouth as an industrial hub for years to come.   

    Forth Valley College will shortly begin contacting workers to start building a skills and support package to meet their individual needs, mapping their current skills and qualifications to the future skills needed for local clean energy roles in the area and analysing where the gaps are. 

    The UK and Scottish Governments will use the findings to deliver targeted interventions to upskill the local workforce ahead of redundancies next year.  

    It comes as UK Energy Secretary Ed Miliband and Cabinet Secretary Gillian Martin attended a meeting of the Grangemouth Future Industry Board today (Thursday 17 October) at Forth Valley College alongside UK Energy Minister Michael Shanks, Scotland Secretary Ian Murray, local industry leaders, Falkirk Council, trade bodies and trade unions.  

    The £100 million Falkirk and Grangemouth Growth Deal will support projects and skills interventions in the local area. It is estimated that the Falkirk & Grangemouth Growth Deal will deliver over £628 million in economic benefits and create 1,660 jobs across the Falkirk Council area. 

    The Energy Secretary also reiterated the UK Government’s willingness to engage on how the National Wealth Fund could back projects that have the potential to yield a viable long-term future for the site, as part of the ongoing Project Willow investigation into a viable industrial Grangemouth.  

    Project Willow is urgently assessing credible options to begin building a new long-term industry at the refinery site, including low carbon hydrogen, clean eFuels and sustainable aviation fuels on the site. The Scottish Government will also soon publish the draft Grangemouth Industrial Just Transition Plan. 

    UK Government Energy Secretary Ed Miliband said:

    We continue to stand with Grangemouth workers and we are putting money on the table to secure workers good onward employment.

    By working in partnership with the Scottish Government, we’ve unlocked an unprecedented joint investment plan to support workers and secure Grangemouth’s future, and I will continue to spare no effort to drive this work forward.

    Scottish Government Cabinet Secretary for Net Zero and Energy Gillian Martin said:

    Our immediate priority remains to support the workers directly affected by the regrettable closure of the refinery. We will do everything we can to ensure they are supported to retrain and move into adjacent industries within the wider Grangemouth area.

    These workers are highly skilled and have an important contribution to make locally and nationally.  Our investment will help to unlock valuable new opportunities for them and ensure that their skills and experience continue to benefit industry in the area and the wider community.

    The new skills and training package is open to workers at both Grangemouth and Finnart Oil Terminal and will also be supported by the UK Government’s Office for Clean Energy Jobs.

    Kenny MacInnes, Principal of Forth Valley College, said:

    Forth Valley College are uniquely placed to help and upskill any Petroineos employees who are impacted as a result of the closure of the oil refinery, and we will be there to offer the necessary training and support with the help of funding from the Scottish and UK Governments.

    The College is proud to have had a long term partnership with the Grangemouth Refinery – helping to train their Modern Apprentices – and will continue to build on this in our role of making learning work for the people of Forth Valley to ensure they have the skills for the future.

    We are committed to working with PACE (Partnership Action for Continuing Employment) and Falkirk Council to help guide former Petroineos employees onto courses at Forth Valley College which will help them transfer to new jobs in another industry or sector.

    Notes to editors 

    See details of the joint investment plan.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Europe: ASIA/INDONESIA – Resignation and succession of archbishop of Makassar

    Source: Agenzia Fides – MIL OSI

    Thursday, 17 October 2024

    Vatican City (Agenzia Fides) – The Holy Father has accepted the resignation from the pastoral care of the archdiocese of Makassar, Indonesia, presented by Archbishop Johannes Liku Ada’.He is succeeded by Bishop Fransiskus Nipa, until now coadjutor of the same archdiocese. (EG) (Agenzia Fides, 17/10/2024)
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    MIL OSI Europe News –

  • MIL-OSI Europe: AFRICA/SUDAN – “The war in Sudan receives little attention, but the suffering it causes is no less”

    Source: Agenzia Fides – MIL OSI

    Khartoum (Agenzia Fides) – “I was saddened to hear about the recent developments in the military offensive in El Fasher and Khartoum, which targeted civilian homes, hospitals and places of worship. The conflict, which has already lasted over 17 months, has created a humanitarian catastrophe that can no longer be ignored,” said Paul Swarbrick, Bishop of Lancaster, Lead Bishop for Africa for the Bishops’ Conference. Bishop Swarbrick wonders why a conflict as bloody as that in Sudan is virtually ignored by the international media. “It is obvious that the tragedy in Sudan receives less attention from world media than other conflicts around the world even though the violence and suffering is colossal”, said the Bishop of Lancaster. “This is perhaps because it is considered less likely to escalate beyond the region and less likely to affect the global security situation. It is perhaps even considered a global ‘back-water’. However, the suffering of so many millions should be considered a global tragedy”.According to the UN World Food Programme (WFP), the war, which has been ongoing since April 2023, has displaced more than 10 million people from their homes. Some 25 million Sudanese are malnourished, 14 million of them suffer from acute hunger and 1.5 million of them are at risk of starvation or starvation. In the face of this tragedy, Bishop Swarbrick recalls that “the Church has more than a purely humanitarian concern”. “Of course, we should pray and work strenuously for peace. The Church exists on the ground at the heart of this unending tragedy. It makes present a loving Saviour who refuses to abandon those who suffer most and brings a hope for healing that world powers alone cannot give. Christ’s suffering is never in vain. He never loses sight of those whose needs are greatest.” The Bishop therefore calls on the faithful to pray and to raise awareness of the drama in Sudan: “I ask everyone to pray for Sudan, for the warring parties to lay down their weapons and prioritise peace so that humanitarian aid can reach those in desperate need. By uniting in prayer and raising awareness of the war in Sudan within our communities and to our political authorities, we can all do our bit to help, to restore hope to those currently enduring unimaginable hardships”. (L.M.) (Agenzia Fides, 17/10/2024)
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    MIL OSI Europe News –

  • MIL-OSI Europe: ASIA/INDIA – Bishops on the death of businessman Ratan Tata: “A beacon of compassion” esteemed by the Catholics

    Source: Agenzia Fides – MIL OSI

    Bangalore (Agenzia Fides) – “Ratan Tata was an icon among entrepreneurs, a visionary leader and a philanthropist whose indelible contribution to society will be remembered for generations,” said the Indian Bishops’ Conference on the death of the well-known Indian businessman Ratan Tata, who died on October 9 at the age of 86. The former chairman of the “Tata Group”, which operates mainly in the automobile sector, was a “beacon of mercy and generosity”. “Through the Tata Trusts and his numerous philanthropic initiatives,” say the bishops, “he changed the lives of millions of people by supporting the cause of the marginalized and playing a fundamental role in the development of India. His unwavering commitment to social justice, education, healthcare and rural development was closely aligned with the core values of the Catholic Church, particularly its mandate to serve the poor and the vulnerable,” the statement said. The moral and spiritual legacy of Tata, who was born into a family of Parsi origin, is particularly recognized for his “ethical leadership, integrity and commitment to social causes” that “set a new standard for corporate social responsibility in India.” In addition to his remarkable contribution to the Indian economy, “he did not lose sight of the need to help the underprivileged,” the statement said. The Catholic Church in India recognizes him as an “extraordinary human being” and hopes that “his inspiring leadership and boundless generosity” will inspire many people and entrepreneurs in India, especially the youth, to “work for the betterment of society and serve others with selflessness and compassion.” Catholics will work together with all Indian citizens from all cultural and religious groups “for a fairer and more balanced society, realizing the values that Tata upheld and lived throughout his life,” the bishops assured. The Claretian missionary George Kannanthanam, who lives with lepers in Sumanahalli near Bangalore, commented: “Tata was a great role model by putting the Christian principles of truth, justice, equality, humility and mercy into practice.” “He spent most of his wealth on the welfare of the weaker sections of the population. He created great institutions for social welfare and development that changed India’s social landscape. He supported educational centers to encourage youth,” the priest recalls. “As an entrepreneur, he stood by the workers and gave them dignity and hope. He made life better for the disabled and the elderly,” the priest continues, describing Tata as “a different kind of businessman, compassionate, guided by the Gandhian motto: When you make a decision, think whether it will benefit the poorest person in the country.” For all this, he was loved by the 700,000 employees of his 19 companies in more than 100 countries, with a net worth of $400 billion. For example, in 2012, when the Tata Steel Company in Jamshedpur was downsized from 78,000 to 40,000 employees, the entrepreneur ensured that all laid-off workers continued to receive their wages until retirement age. “A decision that is unprecedented in history anywhere else in the world,” Father Kannanthanam notes, recalling that Tata’s total contribution to various charitable initiatives is roughly estimated at around $100 billion. If “God loves a cheerful giver, God loves Ratan Tata very much,” he concludes. (PA) (Agenzia Fides, 17/10/2024)
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  • MIL-OSI USA: Modernizing Congressional Data – Senate Legislation and Amendments on Congress.gov

    Source: US Global Legal Monitor

    The following is a guest post from Andrew Reiter, a legislative data specialist in the Congressional Research Service (CRS) of the Library of Congress. Andrew previously blogged about an update on the Congress.gov API and Modernizing Congressional Data – Treaty Documents on Congress.gov.

    Continuing our series on modernizing the legislative data exchange behind Congress.gov, we are going to look at the next phase of the project – modernizing the exchange of Senate measures and amendments data.

    The Legislation collection is comprised of bills and resolutions, along with associated actions (including Action Codes), titles, sponsors, cosponsors, and committee-related activity. Legislation text is a separate collection on Congress.gov.

    When we began the process of modernizing the legislative data exchange, we worked closely with colleagues in the Secretary of the Senate and the Senate Sergeant at Arms. The complexities of legislation moving through the chambers had to be considered. To assist with this, testing scenarios were developed to ensure that action codes, committee referrals, amendments associated with Senate measures, cosponsor data, and action text were rendered properly in Congress.gov. We devoted considerable efforts to ensuring that updates to legislation were displayed properly, as well. With these vital elements in mind, we decided to utilize unique identifiers in the modernized data. Unique identifiers in the data exchange support specific and precise updates as measures or amendments move through the legislative process.

    We completed several rounds of testing to confirm that more unique scenarios were accounted for within the new data exchange. A variety of cases were presented to colleagues in the Senate, and their feedback and knowledge were essential in refining the modernized data exchange.

    You can search current Congress collection items, metadata, and full-text documents from the search bar by entering your search terms in the search entry box and pressing Enter on your keyboard or clicking the magnifying glass icon. By typing into the search bar, you are given the option to search only in the legislation collection. Bills may be searched by number or keyword from the search bar, search form, or Advanced search, which includes an advanced form optimized for legislation, a query builder for customized searches, and a command line search using SOLR query syntax. See Search Tools for details on using operators and fields in your search query. Legislation fields can be used in the search bar and the advanced search command line.

    Senate legislation and amendment data is also available via the Congress.gov API, where users can view and download data in a machine-readable format. To learn more about Congress.gov collections in the Congress.gov API and how to get started using the Congress.gov API visit the Congress.gov API GitHub.

    The modernized data exchange has empowered us to be able to move to a new phase of enhancements in Congress.gov. We look forward to sharing those with users as work is completed. Until then, happy searching!

    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News –

  • MIL-OSI Video: Closing Plenary: Collaboration for the Intelligent Age

    Source: World Economic Forum (video statements)

    Join this closing plenary to explore how the Global Future Councils can contribute to building intelligent economies and societies as the Annual Meeting of the Global Future Councils draws to a close.

    https://www.youtube.com/watch?v=pMNYfHyAhfM

    MIL OSI Video –

  • MIL-OSI Russia: Poland: Staff Concluding Statement of the 2024 Article IV Mission

    Source: IMF – News in Russian

    October 17, 2024

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC – October 17, 2024:

    An International Monetary Fund mission visited Warsaw during October 8-17 in the context of the 2024 Article IV consultation.

    Poland’s near-term outlook is positive and has improved relative to last year despite ongoing sluggish growth across Europe and Russia’s war in Ukraine. A consumption-led recovery is underway, and the outlook is further supported by recently unlocked NextGen EU Funds (NGEU). Inflation has declined helped by a tight monetary stance, and its descent to the target range by close to end-2025 is on track, provided prudent policies are maintained. Policy priorities for the near- and medium-term include balancing the mix of monetary and fiscal policy , preserving debt sustainability, while strengthening the economy to face longer-term challenges. Specifically:

    • Monetary policy is appropriately tight and interest rate cuts should commence only when there is clear evidence that wage growth is decelerating, and inflation is firmly on track towards the target.

    • The medium-term Fiscal Structural Plan is welcome and it targets sufficient cumulative fiscal consolidation by 2028, meeting the EU’s new fiscal rules. The full set of measures to achieve this is yet to be identified.

    • Bringing more of the authorities’ medium-term deficit reduction plans up front in 2025 would build more resilience against future shocks, reduce debt, and support more rapid interest rate reductions, which would foster private sector investment and growth while still bringing inflation to target.

    • Population ageing, diminishing cost-competitiveness, and climate transition present significant challenges to Poland’s export-driven growth model. Thus, medium-term growth is expected to decline, unless structural reforms are deepened and progress on the energy transition accelerates.

    Economic growth is accelerating in 2024 led by recovering domestic demand. Private consumption has picked up as strong nominal wage growth coupled with lower inflation led to a sharp rebound in real wages. Fixed investment also continued its gradual recovery though remaining as a share of GDP below pre-pandemic levels. Net exports, however, are imposing some drag as imports recovered on the back of higher consumption while exports are held back by weak demand from the Euro Area. As a result, growth is expected at 3 percent in 2024 up from around 0 in 2023.

    The near-term outlook is positive due to the ongoing cyclical recovery in consumption and investment, and the absorption of EU funds. Growth is expected to accelerate to 3.5 percent in 2025 and 3.4 percent in 2026. Real and nominal wage growth are expected to gradually decelerate, while profits are expected to continue declining as firms have limited capacity to pass-through increases in wage costs into prices given that the output gap remains negative. Stronger consumption, normalization of inventories, lagged impact of the appreciation of the real exchange rate, and release of EU funds are expected to support imports and with it a narrowing in the current account surplus.

    Over the medium term, growth is expected to moderate and converge to potential as the support from rebounding consumption and NGEU funds subside. Growth will decelerate to slightly below 3 percent by 2029 as EU-financed investments decline and the population ages. Productivity is expected to modestly recover from the impact of recent labor hoarding. However, productivity growth is not expected to return to pre-pandemic levels given that much of the productivity gap with advanced economies has already been closed.

    Amidst high uncertainty, risks remain elevated and tilted towards lower growth and higher inflation. A slower-than-expected recovery in the Euro Area, delayed absorption of EU funds, and heightened geopolitical tensions could dampen the recovery. At the same time, risks to inflation remain elevated from the tight labor market against the backdrop of accelerating domestic demand and potential supply-side shocks. There are also upside risks to growth including a stronger-than-expected catalytic role from EU funds on private investment and productivity, a larger-than-expected workforce from higher immigration, and potential nearshoring as a result of geoeconomic fragmentation. Risks are well mitigated by ample foreign exchange reserves, a flexible exchange rate, modest debt levels, and robust financial sector buffers.

    Monetary policy is appropriately tight.While the policy rate was kept on hold at 5.75 percent since November 2023, the monetary stance has tightened as inflation expectations declined. This is appropriate because inflation is well above the central bank inflation target. The momentum of core inflation is elevated in the context of strong wages growth amid still-tight labor market and substantial wage increases in the public sector.

    Monetary policy should remain tight at least through 2025 with rate cuts commencing only when data and forecasts confirm that inflation is on a clear downward path towards the target. Absent surprises, both core and headline inflation should peak in year-on-year terms before mid-2025, significantly above the target, before moderating around the upper end of the target range of 2.5±1 percent by end-2025. However, uncertainty on the inflation trajectory is substantial, including due to uncertainty regarding energy prices, developments in the labor market, and the pace of economic recovery. While, monetary policy should remain both data-dependent and forward-looking, the current context warrants placing significant weight on realized inflation declining towards the target over several months on the back of decelerating wages. On this basis, there may be scope for limited and gradual policy rate cuts to start around mid-2025.

    Near-term growth acceleration presents an opportunity to rebuild buffers and help complete the disinflation process by tightening fiscal policies. The general government (GG) deficit is projected to widen from 5.1 percent of GDP in 2023 to 5.7 percent of GDP in

    2024, due to expansionary policies resulting in a fiscal impulse of 0.4 percent of GDP. The 2025 budget targets a slightly lower GG deficit of 5.5 percent of GDP largely owing to higher growth. Staff recommends a tighter fiscal stance by around 0.5 percent of GDP. This can be still achievable within the 2025 budget by saving possible revenue overperformance and limiting non-priority spending. Such a shift would lower debt, thereby rebuilding fiscal space to mitigate against future shocks. It would also lift some of the burden from tight monetary policies to rein in inflation, potentially freeing space for additional policy rate cuts.

    Fiscal consolidation should be anchored in a clear medium-term plan to stabilize debt. The recently published Fiscal Structural Plan is an important and welcome step in this regard as it targets appropriate fiscal balances by 2028 – entailing an adjustment of about 2½ percent of GDP from 2024 in terms of the structural fiscal balance – that would allow exiting the EU’s Excessive Deficit Procedure while stabilizing debt at levels close to 60 percent of GDP notwithstanding large increases in spending on defense. Fully identifying the necessary fiscal measures now and bringing more of the planned fiscal consolidation upfront into 2025 would help strengthen its credibility.

    Potential measures that would support consolidation while also further reducing inequality include: i) raising Personal Income Tax revenues by increasing progressivity to bring them more in line with EU peers , ii) addressing the preferential and regressive treatment of the self-employed, iii) better targeting of social benefits to more effectively support the vulnerable, iv) raising property tax revenues closer to EU comparators, and v) taxing more non-essential items at the standard VAT rate. In this context, raising the PIT tax-exempt threshold, which is under consideration, would require even stronger consolidation measures to offset the fiscal cost. Finally, aligning the retirement age for men and women and then adjusting it over time in line with longevity would help limit the expected shortfall in pensions’ adequacy over the longer-term.

    The authorities have made commendable progress in strengthening the fiscal framework. They have expanded the coverage of the stabilizing expenditure rule and improved oversight over extrabudgetary funds. Establishing a fiscal council as planned would further strengthen accountability and governance.

    Financial sector policies should safeguard the nascent credit recovery, building on a robust banking system. Systemic risks to the financial sector have moderated, with the banking sector being well-capitalized and liquid. Past prudential policies have focused on buttressing stability through regulatory tightening. At the same time banks had to face large costs of legal risks and regulatory burdens such as mortgage credit holidays. Together with weak credit demand and serious legal and regulatory uncertainties, this has created further headwinds for new credit resulting in one of the steepest declines in private sector credit-to-GDP in the EU. Moving forward, policy makers should: (i) take into account the impact of possible further tightening of regulations on the nascent credit recovery, while enhancing regulatory stability; (ii) proactively reduce legal risks to financial sector stability, including by exploring legislative solutions; (iii) even the playing field for private sector credit by replacing the bank asset tax in a manner that eliminates the preferential treatment of public debt` and (iv) allow the mortgage credit holiday to expire.

    After two decades of impressive income convergence, Poland’s growth model needs to adjust to new economic conditions. Exports, especially to the EU, have played a significant role in Poland’s success. However, sizable real appreciation over the past two years weighs on cost-competitiveness. Meanwhile, the regional growth outlook remains subdued, and geopolitical conflicts and geoeconomic fragmentation present headwinds to penetrating new markets. In addition, shallow domestic capital markets and low savings weigh on investment, with population ageing posing a substantial drag on the future size of the workforce. To sustain growth, policies should focus on: i) deepening capital markets (including steps towards a capital market union within the EU), ii) lowering barriers to resource reallocation (for example by strengthening re-skilling programs for adults), iii) fostering innovation capacity (including by promoting private equity and venture capital), and iv) supporting higher labor participation especially for women (by ensuring adequate child and elderly care). The new program supporting young parents’ return to the labor market aims to address this gap. Building on the successful absorption of refugees from Ukraine into the Polish labor market, ongoing efforts to enhance the integration of immigrants can further help contain labor shortages.

    The government’s new decarbonization targets are appropriate; meeting these while safeguarding competitiveness and social cohesion will require strong measures.

    Significant progress has been made on climate mitigation, but more is needed given Poland’s costly dependence on coal, which also undercuts competitiveness. The recent draft energy strategy update outlines additional policy targets and measures for bringing emissions in line with EU climate goals. Its success will be supported by EU funds, and depends on removing barriers to private investment in renewable energy, including by adopting EU legislation on faster permitting for green projects, liberalizing regulations for onshore windfarms, and prioritizing NextGen EU funds for expanding electricity grids. Extending carbon pricing to transportation and heating would also be important for reducing emissions; an early and gradual introduction would help limit adjustment costs. The authorities must address social challenges from the climate transition by cushioning the social impact on coal mining regions and reducing energy poverty.

    The mission thanks the authorities and other counterparts for the fruitful discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/17/CS-poland-2024

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/17/2024, 14-24 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for security RU000A102986 (SUEK-F1P6R) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/17/2024

    14:24

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 17.10.2024, 14-24 (Moscow time), the values of the lower limit of the price corridor (up to 90.16) and the range of market risk assessment (up to 868.61 rubles, equivalent to a rate of 8.75%) of the security RU000A102986 (SUEK-F1P6R) were changed.

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

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

    https://www.moex.com/n74071

    MIL OSI Russia News –

  • MIL-OSI Russia: GUU at the All-Russian Conference on Technological Entrepreneurship

    MILES AXLE Translation. Region: Russian Federation –

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

    The Director of the Business Incubator of the State University of Management took part in the All-Russian Conference “Technological Entrepreneurship, Science and Financial Development of Universities”, which was held from October 14 to 16 at the Moscow Institute of Physics and Technology.

    The conference discussed current issues related to the development of technological entrepreneurship, commercialization of scientific developments and startup projects, financial support for innovative and technological business processes in higher education. The speakers shared best practices and their personal experience with the participants, talked about current support measures and mechanisms for increasing the effectiveness of interaction between science, business and the state in the field of technological entrepreneurship.

    The event was opened by Oleg Churilov, Director of the Department for Development of Technological Entrepreneurship and Technology Transfer of the Ministry of Education and Science of Russia. He presented the results of the implementation of the federal project “University Technological Entrepreneurship Platform” and emphasized that technological entrepreneurship today is a driver of economic development, because it is thanks to entrepreneurship that technological startups and new jobs are created.

    MIPT Rector Dmitry Livanov told conference participants about the role of universities in technological development and shared his experience in creating innovative products, noting the importance of applied science, which facilitates the implementation of new technologies and solutions.

    The State University of Management was represented at the meeting by the Director of the State University of Management Business Incubator, Dmitry Rogov.

    A separate section of the conference was devoted to the implementation of the Startup as a Diploma program in universities. Olga Serebryannikova, Director of the Project Office for the Development of Youth Entrepreneurship in Higher Education Institutions of the Ministry of Education and Science of Russia, presented key indicators for the program’s implementation in the 2023/24 academic year to the event participants.

    The speakers also included representatives of the Skolkovo Foundation, Sberbank PJSC, Gazprom Neft PJSC, NTI Platform ANO and other organizations.

    It should be noted that the State University of Management has been successfully integrated into the projects of the Platform of University Technological Entrepreneurship of the Ministry of Education and Science of Russia. Our students took part in the All-Russian Forum of Technological Entrepreneurship, thematic day “Science and Universities”, the festival “Technocode” and other events of the Platform.

    In addition, the university is implementing acceleration programs for NTI markets, and this academic year, GUU has become a partner university for entrepreneurial competencies training, which will be held at the First Management University on October 24 and November 28.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/17/2024

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

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

    GUU at the All-Russian Conference on Technological Entrepreneurship

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/17/2024, 13:43 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A1031U3 (VEB1P-26) security were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/17/2024

    13:43

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 17.10.2024, 13-43 (Moscow time), the values of the upper limit of the price corridor (up to 79.05) and the range of market risk assessment (up to 874.87 rubles, equivalent to a rate of 13.75%) of the RU000A1031U3 (VEB1P-26) security were changed.

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

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

    https://www.moex.com/n74069

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/17/2024, 10:58 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A102L87 (IADOM B1P5) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/17/2024

    10:58

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 17.10.2024, 10-58 (Moscow time), the values of the upper limit of the price corridor (up to 81.52) and the range of market risk assessment (up to 349.22 rubles, equivalent to a rate of 33.75%) of the RU000A102L87 security (IADOM B1P5) were changed.

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

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

    https://www.moex.com/n74066

    MIL OSI Russia News –

  • MIL-OSI Russia: The government has increased the volume of support for the Project Financing Factory program

    MILES AXLE Translation. Region: Russian Federation –

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

    Resolution of October 4, 2024 No. 1337

    The government continues to support investors implementing large projects in priority sectors of the economy. On the instructions of the President, a decision was made to increase the amount of state support for the “Project Financing Factory” program.

    Document

    Resolution of October 4, 2024 No. 1337

    The resolution signed by Prime Minister Mikhail Mishustin increases the size of the state corporation VEB.RF’s participation in syndicated loans from 500 billion to 600 billion rubles, which will help increase the total lending for investment projects in priority sectors of the economy to 6 trillion rubles.

    As Mikhail Mishustin noted atGovernment meeting, in general, the program is designed to solve the problem of insufficient capital. Within its framework, large facilities are being built in the gas chemical industry, trunk infrastructure, metallurgy and other areas. They contribute to the achievement of national goals approved by the head of state, the development of Russian regions and the country as a whole.

    The Project Financing Factory was launched in 2018, becoming a new mechanism for attracting investment. The program involves issuing loans for the implementation of investment projects in priority sectors of the economy. Such loans can be obtained for projects worth from 3 billion rubles. The operator of the program, coordinating its work, selecting and examining projects, is VEB.RF.

    The resolution was prepared to implement the instructions of the President following the XXVII St. Petersburg International Economic Forum, held in June 2024, and the meeting with members of the board of directors of the Russian Union of Industrialists and Entrepreneurs, held in April 2024.

    The signed document introduces changes toGovernment Resolution of February 15, 2018 No. 158.

    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://government.ru/nevs/53023/

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: On 17.10.2024, two deposit auctions of the PPC “TERRITORIAL DEVELOPMENT FUND” will be held

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    The date of the deposit auction is 10/17/2024. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 845,000,000.00. The placement period, days is 54. The date of depositing funds is 10/18/2024. The date of return of funds is 12/11/2024. The minimum placement interest rate, % per annum is 19.00. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 845,000,000.00. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open). The basis of the Agreement is the General Agreement. Schedule (Moscow time). Applications in preliminary mode from 11:30 to 11:40. Applications in competition mode from 11:40 to 11:45. Setting the cut-off percentage or declaring the auction invalid before 11:55.

    Additional conditions With the right of early withdrawal of the deposit at a rate of 0.01% per annum.

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

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

    https://www.moex.com/n74064

    MIL OSI Russia News –

  • MIL-OSI Russia: Artificial Intelligence Transforms Transport and Road Safety in Moscow

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Department of Transport

    The Moscow Department of Transport has outlined its key projects involving artificial intelligence. From biometric payments to autonomous trams and advanced video analytics, AI-powered innovations are setting new standards in public transport and traffic management.

    Artificial intelligence is transforming transport and road safety in Moscow.

    The Biometric Payment Revolution

    Over the past three years, biometric payment technology has changed the way people move around Moscow. Available at all metro stations, the Moscow Central Circle (MCC), Aeroexpress trains, regular river services and four Moscow Central Diameters (MCD) stations, this cutting-edge system allows passengers to pass through turnstiles with a single glance – no card or smartphone required.

    This seamless service, which provides banking-level security, has already served over 125 million biometric records, making it one of the most convenient and secure payment transit systems worldwide.

    The first autonomous tram in Russia

    The first autonomous tram in Russia has appeared in Moscow – a breakthrough in the field of innovation in public transport. This tram, equipped with the world’s first set of technologies, operates without the use of external control systems. Its software, developed entirely by the metro itself, belongs to the Moscow government and has no analogues in Europe.

    Since its introduction, the autonomous tram has traveled more than 1,800 kilometers without a single traffic violation, proving its reliability and safety on the roads.

    Sphere: Video analytics system ensuring Moscow’s security

    The Sphere video analytics system has played a major role in improving public safety in Moscow. Since September 1, 2020, Sphere has been operating at all metro stations, helping law enforcement agencies detain wanted people and find missing persons, including the elderly and children.

    Since the introduction of Sphere, more than 11,000 criminals have been detained and more than 1,500 missing people have been found, including 300 children.

    Monitoring metro car loading in real time

    To improve passenger comfort, the Moscow Metro uses machine learning algorithms to monitor carriage loads in real time. The system is updated every 10 seconds, taking into account the type and capacity of carriages, main transfer hubs and time data. This unique service is available through the Moscow Metro app and provides unprecedented accuracy in assessing carriage loads.

    Moscow Transport Contact Center Based on Artificial Intelligence

    Since 2019, artificial intelligence has been helping passengers through the Moscow transport contact center (number 3210). The voice assistant automatically processes calls related to vehicle evacuation, helping to optimize work. The contact center, which has been operating for more than 11 years, processes about 6,000 requests daily, providing important information about public transport, including fares, availability of free parking, and much more.

    Advanced video analytics on the Moscow Ring Road and major highways

    In Moscow, there are more than 1,500 high-resolution cameras installed on the Moscow Ring Road, the Moscow Ring Road and major highways, covering 100% of the main routes without “blind spots”. These cameras record 13 different types of incidents and transmit video in real time to the Traffic Management Center within a few seconds, which allows for a prompt response to them. Thanks to this intelligent system, the number of traffic accidents with victims on the Moscow Ring Road has decreased by 20% over the past three years.

    World leadership in photo and video monitoring of road traffic

    Moscow’s 3,800-camera photo and video traffic recording system is one of the most advanced in the world. Equipped with artificial intelligence, the system now identifies drivers talking on the phone or not wearing seat belts, and by 2023 it will be able to accurately determine whether motorcyclists are wearing helmets and passengers are wearing seat belts. AI can also detect more complex violations, such as blocking intersections and failing to yield to pedestrians.

    Smart intersections speed up traffic

    Moscow has installed over 600 “smart” intersections equipped with traffic lights controlled by artificial intelligence. These traffic lights are adjusted in real time depending on road conditions, using data from sensors embedded in the asphalt. As a result, city and private transport passes intersections 25-30% faster, and pedestrians wait 20-25% less for the green light.

    Moscow continues to lead the way in using artificial intelligence to revolutionize transportation and road safety, setting global standards for urban mobility innovation. Thanks to AI-powered systems, residents and visitors to the capital can expect safer, faster, and more convenient travel around the city.

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Increased sentencing powers for magistrates to address prisons crisis

    Source: United Kingdom – Executive Government & Departments

    More victims will get the justice they deserve sooner under plans to give magistrates greater sentencing powers.

    • Magistrates can send offenders to prison for up to one year
    • New powers to ease historic crisis in prisons and deal with court backlog
    • Next step in government’s plan to resolve inherited long-term prison capacity issues

    More victims will get the justice they deserve sooner under plans to give magistrates greater sentencing powers, announced by Lord Chancellor Shabana Mahmood.

    The changes, the latest step in the government’s plans to tackle the inherited crisis in our prisons, will allow magistrates to hand-down prison sentences of up to a year. This will help to tackle the record remand population in jails and address the Crown Court backlog, also at a historic high.

    The Lord Chancellor confirmed the plans to allow magistrates to issue custodial sentences for up to 12 months for a single offence – a doubling of their current powers. The move will save approximately 2,000 days in the Crown Court, so that time can be reserved for the most serious and complex cases.

    Bolstered powers will better support victims, with some who have been waiting months and even years to see justice done due to a system in disarray.

    It will also help the government drive down the record remand population – those who are in prison while they await their trial – and relieve pressure on prison capacity which was left at the brink of collapse.

    Lord Chancellor and Secretary of State for Justice Shabana Mahmood said:

    This government inherited a criminal justice system in crisis, with dangerously overcrowded prisons and victims waiting far too long to see justice.

    This marks a further step towards addressing the deep challenges in our criminal justice system, both reducing the record remand population in our jails and delivering swifter justice for victims.

    The significant increase in the remand population, which currently stands at a record 17,000, is one of the key factors in the current prison capacity crisis. This is because remand prisoners can only be held in “reception prisons” where the capacity in the prison estate is most acute, where some of our most dangerous offenders must be held, and where all new prisoners are sent to begin their sentences.

    Tackling the backlog of those awaiting trial in prison is a key priority and these reforms build on the government’s work to reduce pressure on the prison estate ahead of launching a sentencing review later this year.

    Mark Beattie, national chair of the Magistrates’ Association said:

    Magistrates are flexible and support the efficient and fair administration of justice. By being able to take on this additional responsibility and hear cases that carry a maximum sentence of 12 months, our members will be able to help prevent an increase in the backlog of cases in the crown courts, enabling the most serious offences to be dealt with quicker in crown courts; speeding justice for all.

    I know our members and colleagues will take up this increased responsibility with professionalism and integrity and will – as always – strive to deliver the highest quality of justice in their courts.

    Allowing magistrates to deal with more cases will also free up valuable Crown Court time in order to try and reduce the outstanding backlog.

    There are currently over 14,000 magistrates in England and Wales who play a vital role in our justice system hearing over a million cases on average every year. Coming from all walks of life they hear cases ranging from petty theft to serious assault. Magistrates and legal advisers will be fully trained in these new measures by the Judicial College in order to deliver longer sentences effectively.  The previous government extended sentencing powers in May 2022 but deactivated them in March 2023.

    Further information

    The Statutory Instrument to increase sentencing powers is due to be laid on 28 October and changes will come into force on 18 November.

    The Magistrates’ Association is a national charity and the membership body for the magistracy. With more than 12,000 members across England and Wales, it is a unique source of information and insight, and the only independent voice of the magistracy.

    The Magistrates’ Association will be available for media interviews stories. Please email media@magistrates-association.org.uk or call 020 3937 8863.

    A sentencing review will be published later this year.

    This power was previously activated in May 2022 and closed in March 2023.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Regulators urge safer giving to help people impacted by humanitarian crisis in the Middle East

    Source: United Kingdom – Executive Government & Departments

    The Charity Commission for England and Wales and the Fundraising Regulator advise people to give support via registered charities.

    Today (17 October 2024) the Charity Commission for England and Wales and the Fundraising Regulator have published advice on how people can help civilians impacted by the ongoing conflict in the Middle East.

    The advice comes as the Disasters Emergency Committee (DEC) launches a humanitarian appeal to help civilians affected by humanitarian crises in Gaza and Lebanon caused by conflict.

    DEC brings together 15 leading registered UK aid charities to raise funds quickly and efficiently in times of crisis overseas.

    The appeal will fund the distribution of emergency items such as mattresses, blankets, tents, food and water to those in need of basic humanitarian relief in the region.

    The government has pledged to match donations received by the DEC appeal, up to £10million, which will make the public’s generosity go up to twice as far to help those in need.

    Many people in the UK will separately be wishing to support charities operating in or supporting those across communities impacted by recent events in Israel. Checking charity registers before donating will ensure that support reaches its intended cause.

    By supporting existing, registered charities, including through the DEC, people can be assured that they are giving safely.  

    David Holdsworth, Chief Executive of the Charity Commission said:

    As we’ve watched the appalling humanitarian crisis unfold in the Middle East, many of us will be asking how best to help the millions of people in need of basic aid.

    Registered charities with experience working in incredibly complex and dangerous circumstances, across and within borders, are the best organisations to support financially to ensure donations reach civilians in need.

    That’s why we’re reminding people to give with confidence through registered charities, including the appeal launched by the Disasters Emergency Committee.

    Gerald Oppenheim, Chief Executive of the Fundraising Regulator said:

    The ongoing humanitarian crisis in the Middle East is devastating for so many people. The generosity of the British public means that many will be eager to support those affected in any way they can.

    Supporting registered charities, which have infrastructure established within the region, ensures that your donations will reach those who need it.

    Steps to giving safely 

    People can give with confidence to relief efforts by following a few simple steps: 

    • consider donating through the DEC’s emergency appeal
    • for those who choose to donate to other charities, the charity regulator is reminding people to check charities are registered and legitimate
    • look out for the Fundraising Badge – the logo that says ‘registered with Fundraising Regulator’ – and check the Fundraising Regulator’s Directory of organisations committed to fundraise in line with its Code of Fundraising Practice. 
    • contact a charity directly or find out more online about the charity that you’re seeking to donate to or work with to understand how it is spending funds 
    • make sure the charity is genuine before giving any financial information 
    • be careful when responding to emails or clicking on links within them 
    • check the charity’s name and registration number on the Charity Register – most charities with an annual income of £5,000 or more must be registered in England and Wales 

    ENDS  

    Notes to editors:  

    1. Further tips on donating with confidence to registered charities are available on GOV.UK 
    2. The Charity Commission for England and Wales is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its purpose is to ensure charity can thrive and inspire trust so that people can improve lives and strengthen society. It can be reached on 
    3. There are separate registers for charities in England and Wales, charities in Scotland and charities in Northern Ireland. Charities can be on more than one register, reflecting the nations where they operate
    4. The Fundraising Regulator is the independent regulator of charitable fundraising in England, Wales and Northern Ireland. Further guidance on giving safely to charity is available on the Fundraising Regulator’s website. It can be reached on FR@pagefield.co.uk

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: G7 Cyber Expert Group recommends action to combat financial sector risks from quantum computing

    Source: United Kingdom – Executive Government & Departments

    G7 Cyber Expert Group publishes guidance for the finance sector on planning for quantum computing.

    The G7 Cyber Expert Group (CEG) – chaired by the U.S. Department of the Treasury and the Bank of England – released a public statement on 25 September highlighting the potential cybersecurity risks associated with developments in quantum computing and recommending steps for financial authorities and institutions to take to address those risks.

    G7 Cyber Expert Group statement on planning for the opportunities and risks of quantum computing (PDF, 483 KB, 3 pages)

    Quantum computers are being built that will be able to solve computational problems currently deemed impossible for conventional computers to solve within a reasonable amount of time.  While potentially providing significant benefits to the financial system, these powerful computers will also carry with them unique cybersecurity risks.  One of the most significant is that cyber threat actors could use quantum computers to defeat certain cryptographic techniques that secure communications and IT systems, potentially exposing financial entity data, including customer information.

    While the exact timeline for developing quantum computers with these capabilities is uncertain, there is a real possibility that such capabilities could emerge within a decade. These quantum computers would not only put future data at risk, but also any previously transmitted data that cyber adversaries have been able to intercept and store with the intent of decrypting later with quantum computers. Due to the potentially long lead time needed to put in place quantum-resilient technologies, the time to start planning is now.

    An initial set of quantum-resilient encryption standards was released by the National Institute of Standards and Technology (NIST) last month. Additional standards from NIST and other standard-setting bodies are expected in the future. It is important for financial entities to maintain the agility required to incorporate new encryption standards in a timely and appropriate manner as they become available.

    With the availability of NIST’s standards, some financial entities may be in a position now to start making the needed changes to implement quantum resilient technologies within their systems. Others may be dependent on vendors and other third parties to develop implementations of the new standards that can be incorporated once they become available. No matter where entities are in their adoption timelines, the G7 CEG strongly encourages financial authorities and institutions to begin taking the following steps to build resilience against quantum computing risks:

    1. Develop a better understanding of the issue, the risks involved, and strategies for mitigating those risks.
    2. Assess quantum computing risks in their areas of responsibility.
    3. Develop a plan for mitigating quantum computing risks.

    The CEG statement provides additional details on quantum computing risks and the specific actions that financial entities can start taking to build quantum resilience within the financial system.

    The G7 CEG’s membership includes representatives of financial authorities across all G7 jurisdictions as well as the European Central Bank.  It was founded in 2015 to serve as a multi-year working group that coordinates cybersecurity policy and strategy across the member jurisdictions.  In addition to policy coordination, the G7 CEG also acts as a vehicle for information sharing, cooperation, and incident response.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Economics: GIANTX Gaming and Samsung UK Unite for EGX Comic Con 2024

    Source: Samsung

     
    London, UK.  October 17, 2024 –  Today, GIANTX, is excited to announce its collaboration with electronics manufacturer Samsung, set to make a mark on the gaming world with a uniquely tasteful collaboration at the first ever EGX Comic Con event in October in London. This activation stands as a testament to the synergy between two brands, driven by their shared commitment to enhancing gamer experiences and shaping the future of interactive entertainment.
     
    Taglined as “ONE TAP”, the campaign encapsulates the spirit of the collaboration – the ease and efficiency of Samsung’s gaming experience delivered through Samsung Gaming Hub*, emphasising that everything a gamer needs is available at their fingertips. Coupled with referencing the term for a perfect shot in gaming – a single, precise move that hits the target.
     
    This dual meaning reinforces the idea that Samsung’s gaming platform offers both precision and ease, making it the ultimate destination for gamers seeking a seamless and high-quality experience.
     
    Samsung Gaming Hub is a game streaming service that has been built into all Samsung gaming TVs and monitors as standard since 2022[1]. It provides quick and easy access to more than 3,000 top gaming titles from Xbox[2] NVIDIA GeForce NOW and other popular streaming services. It’s all cloud based so there are no downloads, no storage limits, and no console or PC is required – simply stream and play.
     
    Plus there are added features in certain Samsung TV models such as AI Auto Game Mode that recognises the genre of the game you are playing and then adjusts the settings accordingly for the ultimate immersive gaming experience and ultra smooth motion.
     
    The booth will include:
    Multiple Samsung TV and mobile gaming stations
    Sonic themed space
    Play to win activities
    Prizes worth up to £3000
    Red Bull refreshments
     
    The brands will work together to showcase Samsung’s premium product lines across its Odyssey Gaming range of gaming monitors and its innovative NEO QLED  TV range that both have Samsung’s Gaming Hub built in, as well as a selection of the newest models across the brand’s mobile and tablet ranges.
     
    Luis Garcia, Commercial Director at GIANTX, expressed his excitement:
     
    “We are delighted to welcome Samsung to the GIANTX family. We look forward to activating together at EGX Comic Con 2024, bringing a unique experience to fans from the UK and beyond, showcasing the latest of Samsung technology to our captive audience of gaming and esports enthusiasts.”
     
    Zeena Hill, Director of Marketing for TV/AV at Samsung Electronics in the UK and Ireland, said: “We’re really excited to be collaborating with GIANTX to provide thousands of fans at EGX Comic Con and beyond in the multiple benefits of  our superior TV range. We know that gaming is a huge passion point for so many of our customers which is why Samsung’s Gaming Hub is made so easily accessible – all you need is a controller and away you go.
     
    “This collaboration with GIANTX will not only showcase the stunning clarity and gaming performance of our TV technology but also the ease in accessing thousands of top game titles without the need for a console.”
     
    The announcement brings Samsung UK into the GIANTX partnership line-up alongside other household names like HSBC UK and EE, with the brands aligning on the values of inspiring through technology while demonstrating commitment to the UK gaming scene. It demonstrates GIANTX’s commitment to delivering unforgettable experiences to an unrivalled global fan base and showcase excellence in associated commercial propositions.
     
    For more information, please visit GIANTX.
     
    [1] Internet connection, additional gaming service subscription and compatible controller required. Gaming Hub not available in Republic of Ireland.
    [2] Requires Xbox Game Pass Ultimate subscription. Internet connection and compatible controller required.

    MIL OSI Economics –

  • MIL-OSI Economics: U.S. Economic Footing Firmer Than Previously Thought, Projected to Expand 2.3 Percent in 2024

    Source: Fannie Mae

    WASHINGTON, DC – Following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September, the economy now appears to be on firmer footing than previously thought, according to the October 2024 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. While the ESR Group still expects economic growth to slow from the robust 3.2 percent pace recorded in 2023, the degree of expected slowing is smaller; growth in 2024 and 2025 is now expected to be 2.3 percent and 2.0 percent, respectively, near the long-run trend growth rate. The improved economic outlook stems in large part from significant upward revisions to recent personal income data. Previously, the ESR Group expected consumption growth to retrench, as it had grown unsustainably relative to incomes, but revised data now show the relationship between income and consumption to be closer to historical levels. As such, the ESR Group believes the economy can maintain growth closer to its long-run potential through its forecast horizon, barring an unforeseen shock to consumer or business confidence from an adverse exogenous event.

    Following data revisions and recent employment data, bond market expectations for rate cuts have moved into closer alignment with the dot plot from the Federal Reserve’s latest Summary of Economic Projections. As a result, the 10-year Treasury is currently up more than 40 basis points from its mid-September low. This represents upside risk to the ESR Group’s latest mortgage rate forecast, which now sees the 30-year mortgage rate ending the year at 6.0 percent, down from last month’s 6.2 percent projection, and to decline steadily to 5.7 percent by the end of 2025. Meanwhile, the ESR Group expects annual home prices to grow 5.8 percent in 2024 and 3.6 percent in 2025, both slight adjustments to their previous forecasts of 6.1 percent and 3.0 percent, respectively. While the general low level of homes available for sale is expected to continue to exert upward pressure on prices, the ESR Group expects ongoing affordability constraints and rising inventories of homes available for sale to help moderate the magnitude of home price growth moving forward.

    “While potential homebuyers have noticed the decline in mortgage rates over the last few months, they are equally aware that there has been little relief on the home price side, the other primary driver of unaffordability, particularly for first-time buyers,” said Mark Palim, Fannie Mae Senior Vice President and Chief Economist. “The timing of the long-expected pick-up in home sales activity, as well as a further moderation in home price appreciation, will depend in part on the willingness of current homeowners to relinquish their low mortgage rates by offering their homes for sale. Of course, continued strong homebuilding activity will also play a significant role as the shortage of national housing stock remains the primary impediment to affordability.”

    Visit the Economic and Strategic Research site at fanniemae.com to read the full October 2024 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, Housing Forecast, and Multifamily Market Commentary. To receive e-mail updates with other housing market research from Fannie Mae’s Economic and Strategic Research Group, please click here.

    About the ESR Group
    Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lender groups to provide forecasts and analyses on the economy, housing, and mortgage markets.

    Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae’s Economic and Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Mandsaur, Madhya Pradesh

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated October 07, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two Lakh Fifty Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Mandsaur, Madhya Pradesh (the bank), for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with section 46(4)(i) and section 56 of the BR Act.

    The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions.

    After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty.

    The bank had failed to transfer eligible unclaimed deposit amounts to the Depositor Education and Awareness Fund within the prescribed period.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1327

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on GoCapital Finance Limited, Chennai, Tamil Nadu

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated October 07, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on GoCapital Finance Limited, Chennai, Tamil Nadu (the company) for non-compliance with certain provisions of ‘Master Direction-Reserve Bank of India (Non-Banking Financial Company-Scale Based Regulation) Directions, 2023’, issued by RBI. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934.

    The correspondence of the company pertaining to the intimation of appointment of additional director revealed, inter alia, non-compliance with RBI directions on change in management of Non-Banking Financial Company. Based on the findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions. After considering the company’s reply to the notice and oral submissions made by it during the personal hearing, RBI found, inter alia that the following charge against the company was sustained, warranting imposition of monetary penalty.

    The company failed to take prior written permission of the RBI for effecting change in management resulting in change of more than 30 per cent of its directors, excluding independent directors.

    This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1326

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Kottarakara Co-operative Urban Bank Limited, Kerala

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated October 07, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Kottarakara Co-operative Urban Bank Limited, Kerala (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI instructions issued under SAF and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty.

    The bank had sanctioned/renewed credit facilities to sectors having high level of NPA / defaults in non-adherence to directions issued under SAF.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1325

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Catholic Co-operative Urban Bank Limited, Telangana

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated October 07, 2024, imposed a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Catholic Co-operative Urban Bank Limited, Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’, ‘Management of advances-UCBs’ and ‘Loans and advances to directors, their relatives, and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    A scrutiny of the bank was conducted by RBI in October 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty.

    The bank had:

    1. not monitored operations in certain deposit accounts and issued balance confirmation letters without having balance in those accounts, and

    2. sanctioned loans to relatives of a director.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1324

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Celebrating 40 years of offshore wildlife recording Four decades of a unique partnership to chronicle the birds and other wildlife seen from North Sea oil and gas platforms has been celebrated in a new book.

    Source: University of Aberdeen

    Four decades of a unique partnership to chronicle the birds and other wildlife seen from North Sea oil and gas platforms has been celebrated in a new book.
    From 1979 to 2019 the North Sea Bird Club and the University of Aberdeen worked together to record and identify birds, marine animals, bats and moths and butterflies viewed from more than 250 offshore installations by over 400 observers.
    While it had been known for many years that birds cross the North Sea in very large numbers – especially in spring and autumn – it was quickly noted that those working offshore were in a unique situation to provide details of the species involved and their numbers.
    In November 1984, one offshore worker on the Maureen platform was recorded as saying: “On opening the door from the control room it appeared to be snowing. The sky was full of birds in every direction – Blackbirds, thrushes, Snow Buntings, Lapwings and even some Canada Geese. In addition there were at least 50+ owls. I’d estimate the numbers to be hundreds of thousands around the platform”
    To take advantage of this unique viewpoint, in 1979 the North Sea Bird Club was formed by a group of senior oil industry executives, and a collaboration with the University of Aberdeen began which would see more than 120,000 records sent in over the next four decades.
    The history of the partnership and the fascinating wildlife sightings and identification it led to has been set out in a book by Andrew Thorpe, the club’s former Recorder who was employed on a part-time basis by the University as a Research Assistant between 1999 and 2019.
    The North Sea Bird Club 1979-2019 mixes entertaining anecdotes, interesting facts and hard data to tell the story.
    Andrew said: “Back in 1979, it was thanks to the foresight of Professor George Dunnet, Regius Professor of Natural History at the University and other associates that the Club was created.
    “He continued to act as an adviser to the club and we drew heavily on University expertise. Being located within the Zoology Department, we were able to access other specialists – Dr Mark Young  provided support with identification of butterflies and moths sent from offshore, Professor Paul Racey provided guidance for those who found bats on offshore installations and Mr Kenn Watt was a hoverfly expert in the department who helped with identification.
    “Marine animals offshore were also recorded and the University’s Oceanlab staff were able to assist here.”
    Although the club was wound up with the downturn of the industry in 1999, the records it received, maintained by the University, continue to be used for academic research.
    “A Club Secretary in 1990 wrote ‘The North Sea Bird Club is a unique organisation operating in a unique environment’ and that remained true throughout the 40 years,” Andrew added.
    “Records came from all over the North Sea and allowed us to put together a picture of where birds were moving at peak migration times and this could often be related to similar patterns of arrival onshore.
    “The 120,000 record database the University helped us to create has been used to provide data to many interested parties. For example several different University students requested data on Buzzard feathers, Twite records offshore, Porbeagle shark and bat records.
    “Professor Racey, formerly of the University, informed us that much valuable information about the occurrence of Nathusius’ pipistrelle bat had been obtained from offshore records of that species. Certain corpses of dead birds found offshore were passed to The National Museum Scotland for their collections.
    The North Sea Bird Club 1979-2019 is available at £21.00 (inc p&p) to purchase directly from Andrew Thorpe by emailing Andrew.Thorpe147@btinternet.com.
     
    Interesting Facts from the North Sea Bird Club         
    Many common ‘garden’ birds regularly cross the North Sea;
    Blackbirds, robins, chaffinches, blue tits, crows and owls are all regularly reported from rigs in the North sea;
    Even tiny wrens cross the North Sea.  In 1998, a total of 58 wrens was reported from offshore installations;
    Blackbirds and thrushes can cross the North Sea in large numbers, usually in autumn.  In 1979, over 30,000 blackbirds were reported offshore;
    In November 1984, an exceptional number of birds landed on the Maureen platform during very bad weather – some 200-300,000 were estimated including 40-50 owls;
    Starlings regularly cross the North Sea in spring and autumn in very large numbers.  A flock of an estimated 50,000 was seen to pass by Auk Alpha in 1984!
    Ringed birds are often found dead on rigs;
    A Starling that was ringed in Poland in May 1992 was found on the Hewett platform in December that year.  It had travelled over 1500km;
    A Blue Tit ringed in Norway in July 1988 was found on Beryl B, halfway between Norway and the Shetland Isles;
    The first British record of a Pacific Swift came from Shell BT platform in 1981.  It normally breeds in the Far East and migrates to Australia!
    It’s not only birds that were reported:
    Over 300 killer whales have been seen offshore and reported. 20-30 were around Brae B in April 1988 and one remained there for almost a year (photo);
    Butterflies, moths and dragonflies are regularly reported too;
    A Blue Dasher dragonfly from America which was found on an unmanned rig near Shetland was the first record in Europe!
    Bats are occasionally found and sent in;
    The NSBC has provided much valuable information on the Nathusius’ pipistrelle bat which previously was rarely recorded in the UK.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Sheffield Cares Excellence Awards nominations now open Sheffield’s carers are to be celebrated for the care and support that they give to the people of Sheffield.The Sheffield Cares Excellence Awards, hosted by Sheffield City Council’s Adult Health and Social Care team, will celebrate and empower the city’s most skilled and dedicated carers. 17 October 2024

    Source: City of Sheffield

    Sheffield Cares Excellence Awards 2025

    Sheffield’s carers are to be celebrated for the care and support that they give to the people of Sheffield.The Sheffield Cares Excellence Awards, hosted by Sheffield City Council’s Adult Health and Social Care team, will celebrate and empower the city’s most skilled and dedicated carers.

    People are asked to help with these awards, that will shine the spotlight on the city’s amazing carers, by nominating carers for an award from the city’s 17,500 strong care sector workforce.

    In addition, Sheffield has around 11,000 unpaid carers and around 7,000 young carers.

    Anyone who contributes to social care support in Sheffield can be nominated. This includes carers who are paid or unpaid, managers, office staff, domestic staff, caretakers, chefs working in the care sector, occupational therapists and nurses working in care, social workers, activity coordinators or volunteers from the voluntary sector who offer social care support, social care personal assistants and individual employers.

    The awards will be celebrated in the Sheffield Cares Excellence Awards Ceremony which will place at Sheffield City Hall on Thursday 13th February 2025.

    Councillor Angela Argenzio, Chair of the Adult Health and Social Care Committee at Sheffield City Council, said: “These awards are a great opportunity for anyone to nominate someone for an award who is dedicated to providing the best possible standard of care to someone who relies on their support, skill and expertise. Carers and everyone involved in social care carry out an essential role every day all over the city and we are so grateful for the huge difference they make to so many people’s lives. There are so many people in our local communities who are potential award winners and nominating someone for an award is a really easy process too, so I encourage as many people as possible to start nominating between now and midnight on 10th November. I very much look forward to meeting everyone involved in these awards and the winners at the awards ceremony in February 2025.”

    Who can nominate? 

    Anyone can make a nomination and there is no limit on how many people that someone can nominate in each category.

    Those nominating carers for an award can nominate in more than one award category. 

    Who can be nominated? 

    People nominated must have an active paid or unpaid role in providing safe, high-quality care in Sheffield. 

    Anyone nominating someone for a Young Carer Award must get permission from the carer’s parent or legal guardian.

    What are the award categories?

     The main Care Excellence Awards are focused around four themes:  

    • Compassion in Care 
    • Inspirational Support or Leadership  
    • Dignity, Respect & Inclusion in care   
    • Commitment to Care 

    In addition, there are seven specialist awards: 

    • Young Carer Award (Primary age, secondary age, & Young Adult 16-25) 
    • Newcomer / Apprentice of the Year   
    • Personalised Support Award – Supporting People to Live the Life they want to live   
    • Dignity Award  
    • Team of the Year   
    • Social Care Hero of the Year     
    • Lifetime Achievement Award 
    Nomination deadline

    Nominations close at midnight on Sunday 10th November 2024. 

    How to nominate 

    Those who want to nominate someone for an award can use the online form at https://forms.office.com/e/2gEEphZHBT or they can write or email with their nomination details.

    Detailed information about nominating is here: https://www.sheffield.gov.uk/careawards

    Award Winners

    All nominations will be carefully considered by our independent panel of decision-makers.  The panel will be made up of individuals who receive care and support and of people who have a wider interest in the social care sector in the UK.

    More information about the awards criteria is at https://www.sheffield.gov.uk/careawards​

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: World Day against the Death Penalty 2024: Joint statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    The UK and other OSCE participating States mark World Day against the Death Penalty at the OSCE.

    Location:
    Vienna
    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    Thank you Mr Chair,

    I am speaking on behalf of Canada, Iceland, Liechtenstein, Norway, San Marino, the United Kingdom and my own country Switzerland.

    The 10th of October marked the 22nd World Day against the Death Penalty.

    We categorically oppose the death penalty under all circumstances, it is not consistent with human rights, including the right to life. In this context, we welcome the fact that the global trend towards the abolition of capital punishment continues unabated in all parts of the world, including the OSCE region. Today, almost three-quarters of states are abolitionist, either in law or in practice. Amid growing pressure on human rights and increasing instability, this positive development – that crosses the globe – should not go unnoticed.

    However, it should also not invite complacency in our collective efforts against the death penalty, especially given recent setbacks observed. Last year, recorded global executions soared to their highest number in almost a decade.

    In light of this, it is important to emphasize that the death penalty neither makes communities safer nor serves as a deterrent to crime. On the contrary, it exacerbates cycles of violence and is often used as a tool of repression. Responding to a crime, no matter how heinous, by committing another crime should never be the solution.

    As of today, only two participating States of the OSCE continue to apply capital punishment: Belarus and the United States. Regarding Belarus, we deeply deplore the fact that the use of the death penalty has been extended twice in recent years. We therefore urge the Belarusian authorities to reverse this trend and establish a moratorium on executions as a first step towards abolition.

    We also remain concerned that capital punishment continues to be used in the United States. We welcome the current moratorium on Federal executions and we call on the relevant US authorities to commute all Federal death sentences into prison terms

    Mr Chair,

    Our countries are committed to the universal abolition of the death penalty and call on all States, both within and beyond the OSCE, to completely abolish capital punishment or, as a first step, establish a moratorium on its use. In this context, we urge all participating States to vote in favour of the UN resolution, currently under negotiation at the UN General Assembly, which calls for a moratorium on capital punishment.

    Thank you, Mr Chair.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI USA: United States Mint 230th Anniversary Flowing Hair Silver Medal™ Now on Sale

    Source: United States Mint

    WASHINGTON – The United States Mint (Mint) began accepting orders for the 230th Anniversary Flowing Hair Silver Medal on October 15 at noon ET. The medal pays homage to the Flowing Hair dollar coin, the first dollar coin issued by the U.S. Federal government on October 15, 1794. Mintage is limited to 75,000 medals.

    As part of the release, the Mint will celebrate the year in which the Flowing Hair dollar coin was issued and the number of years that have elapsed since the coin was introduced. 1,794 medals will feature a “230” privy mark. 230 of the privy-marked medals will also include a certificate of authenticity hand-signed by the Honorable Ventris C. Gibson, Director of the United States Mint. The 1,794 medals will be interspersed among the inventory of medals and randomly shipped to customers.

    Struck at the Mint’s Philadelphia facility, this historic medal is 99.9 percent fine silver with an uncirculated finish. Its obverse (heads) design is a faithful rendition of the first dollar coin, designed and sculpted by Robert Scot, the Mint’s first Chief Engraver. The portrait of Liberty faces right and is surrounded by 15 stars, representing the 15 states that had ratified the Constitution by 1794. The design retains the “LIBERTY” inscription and includes an updated “2024” date.

    The obverse was re-sculpted by Mint Medallic Artist John P. McGraw.

    The medal’s reverse (tails) design stays true to the 1794 original, depicting a laurel wreath surrounding an eagle with spread wings in the center, an early predecessor of the American heraldic eagle. The inscription is “UNITED STATES OF AMERICA.”

    Mint Medallic Artist Eric David Custer re-sculpted the reverse.

    The medal is encapsulated and placed in a stylish clamshell. A classic black presentation case embellished with the United States Mint seal and an outer sleeve with a silver embossed image of the Flowing Hair Liberty complete the packaging. A certificate of authenticity with matching imagery accompanies each medal.

    The 230th Anniversary Flowing Hair Silver Medal is priced at $104. To place an order, visit https://catalog.usmint.gov/230th-anniversary-flowing-hair-silver-medal-24YH.html/ (product code 24YH).

    Orders are limited to one medal per household for the first 24 hours of sales. The household order limit will be enforced at the time the product launches online and applied across all retail channels.

    This product is included in the Mint’s Authorized Bulk Purchase Program (ABPP). Products listed in the ABPP will be eligible for early release, carry an AB suffix in the product code, and carry a premium. Early released products are not eligible for discounts.

    The medal will also be available at the Mint’s sales centers at the Philadelphia Mint, 151 N. Independence Mall East, Philadelphia, PA 19106 (on 5th Street between Arch Street and Race Street); the Denver Mint, 320 West Colfax Avenue, Denver, CO 80204 (on Cherokee Street, between West Colfax Avenue and West 14th Avenue); and the Mint Headquarters Coin Store in Washington, D.C., 801 9th St. NW, Washington, DC 20220.

    The Mint will open sales for the 230th Anniversary Flowing Hair High Relief Gold Coin on November 14. In addition, the Mint will auction a select number of these companion gold coins to the public. Details will be announced in the coming weeks.

    Please use the Mint’s catalog site at catalog.usmint.gov/ as your primary source of the most current information on product and service status or call 1-800-USA-MINT (872-6468). Hearing and speech impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468).

    About the United States Mint
    Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers.

    Note: To ensure that all members of the public have fair and equal access to United States Mint products, the United States Mint will not accept and will not honor orders placed prior to the official on-sale date of October 15, 2024, at noon EDT.

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center in Christiansburg, Va. Will Open Oct. 18

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center in Christiansburg, Va. Will Open Oct. 18

    Disaster Recovery Center in Christiansburg, Va. Will Open Oct. 18

    BRISTOL, Va.– A Disaster Recovery Center (DRC) will be opening in Montgomery County at the Montgomery County Government Center at 755 Roanoke Street in Christiansburg on Friday, Oct. 18, 2024, at 8 a.m. Disaster survivors can visit any DRC to receive assistance. Additional centers will be opening in the coming weeks throughout southwest Virginia.

    The center is located at: 

    Montgomery County  

    Montgomery County Government Center

    755 Roanoke Street

    Christiansburg, Va. 24073

    Hours of operation:

    Monday – Saturday, 8 a.m. to 6 p.m.

    Closed Sundays

    Survivors do not have to visit a DRC to register with FEMA. You can call 800-621-FEMA (3362). The toll-free telephone line operates seven days a week. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. You can also register online at DisasterAssistance.gov or through the FEMA App on your phone.

    The deadline to apply for FEMA disaster assistance is Dec. 2, 2024.

    If you have received a letter from FEMA about your application status, visit a DRC to learn more about next steps. DRC staff can help you submit additional information or supporting documentation for FEMA to continue to process your application and answer any questions you may have.

    Sign outside of the Disaster Recovery Center in Washington County, Va. (Photo: Phil Maramba / FEMA)

    FEMA has set up a rumor response webpage to clarify our role in the Helene response. Visit Hurricane Helene: Rumor Response.

    For more information on Virginia’s disaster recovery, visit vaemergency.gov, the Virginia Department of Emergency Management Facebook page , fema.gov/disaster/4831 and facebook.com/FEMA.  

    ###

    FEMA’s mission is helping people before, during and after disasters. FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia. Follow us on X at x.com/FEMAregion3 and on LinkedIn at linkedin.com/company/femaregion3.

    To apply for FEMA assistance, please call the FEMA Helpline at 1-800-621-3362, visit https://www.disasterassistance.gov/, or download and apply on the FEMA App. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. Multilingual operators are available (press 2 for Spanish and 3 for other languages). Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status.

    erika.osullivan

    MIL OSI USA News –