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  • MIL-OSI China: RMB, stocks rally amid China’s stimulus

    Source: China State Council Information Office 3

    The renminbi rallied to its strongest level in more than a year and Chinese equities continued their rebound on Wednesday, after a potent policy package lifted investors’ confidence in the Chinese economy, which is expected to sail through headwinds.

    Economists, investment banks and asset managers said that policymakers’ more decisive stance to shore up the economy, a global interest rate cut cycle, and low asset valuations have combined to make it a potentially good time to invest in Chinese financial assets, which are expected to attract more foreign inflow in the months ahead.

    However, they cautioned that the forecast may be contingent upon the implementation of further policy support to address economic challenges, with the most urgent priorities being additional fiscal spending to bolster domestic demand and direct funding to alleviate property sector woes.

    On Wednesday, the renminbi, or Chinese yuan, rose to 6.9951 against the US dollar in the offshore market, up 158 basis points from the previous close and past the 7-per-dollar milestone for the first time in 16 months.

    Guan Tao, global chief economist at BOCI China, said that the renminbi’s rally is attributable to both Tuesday’s policy release, which strengthened investors’ confidence in China’s economy, and the US Federal Reserve’s interest rate cut last week, which narrowed the yield spreads between US and Chinese bonds.

    Looking ahead, Guan said the renminbi is likely to register two-way fluctuations against the dollar, with limited possibility of one-sided, drastic appreciation because uncertainties remain surrounding the Fed’s pace of rate cuts, including that the Fed might even reconsider rate hikes if the US economy turns out to be overheated.

    Moreover, the People’s Bank of China, the country’s central bank, is expected to take measures to prevent any renminbi exchange rate overshooting if needed, and has accumulated rich experience in this regard, said Guan, who had served as head of the Balance of Payments Department at the State Administration of Foreign Exchange.

    Guan added that in the base case scenario, in which the United States achieves a soft landing while the Fed continues rate cuts, foreign institutions may continue to boost holdings in renminbi-denominated bonds, especially treasury bonds.

    As of August, overseas institutions’ holdings in China’s interbank bond market had risen for 12 consecutive months, an increase in foreign holdings of as much as 1.34 trillion yuan ($190.7 billion), according to the PBOC’s Shanghai head office.

    Upbeat sentiment

    The upbeat sentiment was seen in the A-share market as well. The Shanghai Composite Index went up 1.16 percent to Wednesday’s close of 2,896.31 points, extending a jump of 4.15 percent on Tuesday, the biggest rise in about four years.

    “I believe that this may be a good time to revisit Chinese stocks,” said David Chao, global market strategist for the Asia-Pacific region (excluding Japan) at Invesco, a global investment management company.

    Chao said China has fired off a meaningful monetary stimulus salvo, which may potentially usher trillions of renminbi in liquidity if fully implemented, sending a strong signal that the government is responding to economic headwinds.

    Major package

    On Tuesday, China’s top financial regulators unveiled a set of measures that some analysts said might be the country’s biggest monetary stimulus package following the pandemic.

    This includes a 20 basis point reduction in the seven-day reverse repo rate, a key policy benchmark of interest rates, as well as a 50 basis point cut to rates on existing mortgages and another 50 basis point cut to the reserve requirement ratio, apart from other steps supportive of the property and stock markets.

    The PBOC started to put the package into action by lowering the one-year medium-term lending facility rate, a policy rate, by 30 basis points to 2 percent on Wednesday.

    A Goldman Sachs report said on Wednesday that the latest stimulus package would be strong enough to catalyze a policy-induced rally in shares listed in Hong Kong and on the Chinese mainland, though it would be unlikely to “turn things around fundamentally”.

    The report said a relending program unveiled on Tuesday will allow listed companies to borrow inexpensive money to shore up stock prices and boost investor sentiment, while the stock stabilization fund that is under policy study, if launched, might help fend off systemic risks in the stock market, as indicated by experiences in other markets.

    While the PBOC introduced two new policy tools aimed at boosting stock market liquidity, the China Securities Regulatory Commission released a guideline on Tuesday to encourage mergers and acquisitions and a draft rule to strengthen listed companies’ market capitalization management.

    Yet more could be done, with Goldman Sachs saying that “we would turn more aggressive on A shares when signs of property market stabilization emerge or policy momentum further strengthens”.

    Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Bank, underlined the importance of beefing up fiscal support, as “monetary easing would be less effective without proactive fiscal policy”.

    It is likely that the government will increase bond issuance to accelerate government spending, Ding said, adding that investor sentiment could improve if policymakers decide to broaden the use of bond proceeds, especially to reduce home inventory.

    Ding said that Standard Chartered Bank analysts retain the base case forecast that the renminbi will stay within the range of between 7 and 7.1 against the dollar by the end of the year.

    MIL OSI China News –

  • MIL-OSI China: ​Universal Music launches label division in China’s GBA

    Source: China State Council Information Office 3

    Universal Music Greater China, a division of Universal Music Group, announced on Sept. 24 the launch of Universal Music China Greater Bay Area, a new label division covering the Guangdong-Hong Kong-Macao Greater Bay Area in China.

    Night view of Luohu district in Shenzhen, south China’s Guangdong province. The Guangdong-Hong Kong-Macao Greater Bay Area is one of China’s most open and economically vibrant regions. [Photo/Xinhua]

    The new division, headquartered in Shenzhen, marks the first time a major international music company has established an office specifically focused on serving the Greater Bay Area, home to over 86 million people and one of the world’s most populous urban areas.

    Gary Chan, managing director of Universal Music Hong Kong and senior vice president of Universal Music Greater China, will lead the new division, aiming to enrich the area’s music scene. By embracing its economic and cultural vibrancy, this initiative aims to elevate both the local and global appeal of the region’s diverse musical heritage.

    “The launch of Universal Music China Greater Bay Area represents a strategic expansion, leveraging the vast market potential and unique cultural atmosphere of the Greater Bay Area,” said Timothy Xu, chairman and CEO of Universal Music Greater China. “We eagerly anticipate welcoming the outstanding talents from this region to join us in driving forward the next era of Chinese pop music. In this pursuit, we are setting our sights on transforming the Greater Bay Area into a trendsetting hub that epitomizes creativity, vitality, and connectivity, crafting fresh musical expressions and innovative entertainment experiences.”

    The Greater Bay Area, which includes nine cities in Guangdong province and the special administrative regions of Hong Kong and Macao, is a significant economic and cultural hub. It contributed 11.1% to China’s GDP in 2023 and generates nearly a quarter of the country’s music performance revenue. The region’s rich Cantonese cultural heritage has profoundly shaped local and Asian pop culture, resonating with audiences worldwide.

    The announcement stated that the new label would assemble a “robust” local team to handle marketing, talent scouting and artist management in the area. Its mission is to transform the local music scene “by blending global musical trends with the Greater Bay Area’s vibrant and youthful energy.” The company noted that this approach leverages the region’s musical heritage and entertainment industry, aiming to create unique “experiences that captivate audiences worldwide.”

    Adam Granite, executive vice president of Market Development at Universal Music Group, said: “Our commitment to the Greater Bay Area is part of Universal Music Group’s global strategy to invest in local and regional music scenes, particularly in rapidly growing markets like China. By deepening our roots in local cultures and enhancing support for local artists, we aim to elevate the Chinese music landscape and introduce its unique sounds on the world stage.”

    Regarding China as a key music market, Universal Music Greater China has already established offices in Beijing, Hong Kong, Shanghai and Taiwan to support growth across the region.

    MIL OSI China News –

  • MIL-OSI China: Festival ignites wave of cultural enthusiasm

    Source: China State Council Information Office 3

    A gala featuring diverse art forms, from the 600-year-old Kunqu Opera to a children’s chorus, was held at Zhongshan Park in Beijing on Monday, unveiling a festival titled The Heart of Beijing, which will feature a variety of programs till the end of this year.

    The programs, including live performances, workshops and educational events, will be held at iconic historical buildings in the capital, such as Zhongshan Park, the Temple of Heaven, the Bell and Drum Towers and residences once lived in by celebrities such as Qing Dynasty (1644-1911) writer Cao Xueqin and Chinese artist Qi Baishi (1864-1957).

    The festival will also bring programs to Beijing universities, aiming at educating students about the preservation of historical buildings.

    The festival will expand into 10 more cities, such as Yuncheng, Shanxi province; Deyang, Sichuan province; and Hohhot, the capital city of the Inner Mongolia autonomous region, introducing historical buildings to a wider audience.

    The festival is held to mark the recent inclusion of the Beijing Central Axis into the UNESCO World Heritage List, which has ignited a new wave of enthusiasm for cultural heritage nationwide, creating a conducive environment for the preservation, protection and promotion of heritage sites.

    MIL OSI China News –

  • MIL-OSI Russia: Mosvolonter has released a manual on developing social projects

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Resource center “Mosvolonter” has released a methodological guide on how to develop your own socially useful project. The material “Social design in volunteer activities” is available inelectronic library of the center. You can order it in printed form in the partner services section “Development of competencies”.

    The practical guide will be useful for volunteers who want to become authors of a social project, and for volunteer organizers who implement initiatives on a regular basis.

    “We are opening a new opportunity for volunteers – to become a co-author of social changes in the city. Our community is replenished every day with talented and creative volunteers who come with creative ideas for social projects. Methodological assistance and development of competencies will make their work systematic, competently use resources and knowledge to develop the quality of life of people and their team,” said Alexander Levit, director of the Mosvolonter resource center.

    Leaders and employees of volunteer associations, students and concerned citizens interested in the topic of social design received the first copies of the methodological manual. This year it will be used in 50 capital schools.

    The capital’s youngest volunteers: the program for developing volunteerism in schools has been updated

    From basic concepts to receiving a grant

    The manual includes three chapters, where theoretical information is supplemented by real social projects. You can get acquainted with the material sequentially or study only those blocks that are most relevant to your own project. At the end of each paragraph, important theses from the text, several open questions for reflection and a practical task are presented.

    The authors of the manual recommend starting with testing. Each of the 11 questions corresponds to the paragraphs of the manual. Incorrect answers will indicate sections that require more detailed study.

    Readers will learn that a social project is distinguished by a comprehensive approach to solving a socially significant problem; its implementation is not limited to holding one thematic event.

    Volunteers will study the main approaches to project management in the second chapter. The manual explains how to define the target audience — people who want to get the most out of the project. Another important stage is finding answers to socially significant questions, starting not from the project idea, but from people and their needs. In addition, volunteers will learn to build the logic of social design — the relationship between the goal, objectives, action plan, and project results.

    The authors dwell in detail on the topic of resources and the principles of competent budgeting, and talk about co-financing—the team’s own contribution to the implementation of the project.

    The manual also covers how to work with partners and develop fundraising, how to promote activities on social networks and how to build work with the media.

    Readers will be taught how to correctly fill out a grant application, and will be explained where to get financial support. Attracting grant funds helps to implement initiatives and open new areas, expanding the infrastructure for holding events.

    Training and skill development

    In-person training programs, books and teaching aids, as well as online courses in volunteer areas are in demand among city assistants. Over the past three years, Mosvolonter has doubled its range of educational products: in 2021, there were 20 of them, and today there are already more than 45.

    During this time, a thousand novice volunteers were trainedcourse “Get Connected!”. Another 400 team leaders and managers developed management skills inthe “Manage” program. Approximately 300 Muscovites have been trained as trainers of educational areas attraining “Teach”.

    On online platform resource center, you can learn about the basics of volunteer activities, take a general briefing remotely, and listen to lectures from experts on social design. Participants get acquainted with the possibilities of six areas of volunteering, as well as with the sights of the capital, where Moscow volunteers have helped over the past 10 years.

    At the end of November, Mosvolonter will open access to new online courses in sports and patriotic areas, as well as volunteering in the areas of health protection and public safety. In addition, distance courses will appear on the online platform: “Get Connected” for beginners and “Five Keys” for organizers. Online courses will be posted separately as part of the championship for the development of volunteer competencies.

    You can find out more about volunteer training programs on the website, on the page of the resource center “Mosvolonter” insocial network “VKontakte” and in telegram channel.

    Organizing volunteer activities and involving young people in city events correspond to the objectives of the national project “Education” and the federal project “Social Activity”. More information about the national projects implemented in the capital can be found on this page.

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

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

    http://vvv.mos.ru/nevs/item/144467073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: The vacuum cleaner principle and the envelope method: what technologies are used in the analytical laboratory of MosEcoMonitoring

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    What kind of air do we breathe, how clean is the water in Moscow’s rivers, is the soil suitable for planting, and what substances are contained in the first snow? The specialists of the GPBU testing center can answer these questions. “MosEcoMonitoring” Department of Nature Management and Environmental Protection.

    On the eve of World Environmental Health Day, which is celebrated on September 26, mos.ru correspondents visited one of the largest environmental laboratories in the country, saw how it is set up, and learned what methods and equipment specialists use to determine the quality of air, water, and soil in the city.

    Laboratory “kitchens” for natural research

    The MosEcoMonitoring Testing Center occupies a two-story building at the address: Dalniy Pereulok, Building 2, Block 1. Here, water, soil, air, and precipitation samples are examined for more than 400 indicators. The specialists have the most modern equipment at their disposal, which allows them to obtain accurate data in a short time. Just as doctors diagnose diseases in the human body using tests, so ecologists and chemists analyze the composition of the natural environment and the level of impact of the metropolis on it.

    “This is one of the few universal laboratories of its kind in Moscow, which uses both innovative and classical research methods. The specialists are engaged not only in scheduled monitoring: they go to the site in response to requests from residents received on the hotline of the Department of Nature Management and Environmental Protection,” says Marina Petrova, head of the analytical inspection department of the State Budgetary Institution MosEcoMonitoring.

    All work processes in the testing center are subject to strict regulations. In one room, air samples are analyzed, in another – water, in a third – soil. The laboratories resemble huge kitchens – with refrigerators, cabinets, sinks, various bottles, containers and flasks, and chemists in white coats resemble chefs conjuring up another dish.

    DIT of Moscow: since the beginning of the year, Muscovites have handed in 550 tons of recyclable materials using the “Removal of Unnecessary Things” serviceGlitter pens and chess sets made from plastic cups: how Moscow enterprises give recyclable materials a new life

    Blue is ammonia, pink is nitrogen oxides

    An important indicator of environmental well-being is air quality. In the laboratory for studying samples taken from the atmosphere, the shelves are lined with flasks and test tubes of various shapes and sizes, and measuring equipment is placed on the tables: titrators, gas analyzers, aspirators and various probes.

    One of the main methods used to determine the composition of the air environment is chromatography. Special tubes filled with sorbent are used to collect samples. The aspirator they are connected to sucks in air like a vacuum cleaner, and the sorbent holds certain substances and does not release them. The sample is then sent to the laboratory.

    “We regularly monitor the areas where industrial production is located and respond to citizens’ requests. If complaints are received about air pollution in a certain area, we promptly go out to check the information and take samples. Mobile laboratories are equipped with gas analyzers, which can be used to take measurements on site, which allows us to search for the source of air pollution,” explains Marina Petrova.

    The content of various substances in the air is also determined by the classical photometric method. Various chemicals are added to test tubes, which react with the sample and produce different colors. For example, blue indicates the presence of ammonia in the air, pink indicates nitrogen oxides, pale yellow indicates the content of formaldehyde, bright yellow indicates chlorine, and red indicates hydrogen fluoride. To determine the concentration of solid particles in the air, it must be passed through a special filter, and then this filter must be weighed. This method is called gravimetric.

    “We also conduct sampling at industrial enterprises. Sampling equipment helps with this. Specialists also conduct direct measurements. For this, there are gas analyzers, probes of different lengths and diameters. The direct measurement method allows us to determine the concentration of pollutants immediately on site, other studies are conducted in the laboratory,” says Dmitry Pakhomov, Deputy Head of the Analytical Inspection Department.

    Exhibition “Moscow – Caring for the Environment” Opened in Government Service CentersLabs, ultra-sensitive cameras and stress tests: how technology is helping Moscow utility workers

    Distinguish between text and smell

    Another area of activity of the testing center is the study of the quality of water in Moscow rivers, ponds and underground waters. Samples are taken in different places of the objects with special equipment in the form of a narrow cylinder, poured into a common container for mixing, and then poured into bottles of different types – depending on the type of study. Special fixing reagents are added to some containers. After the sample arrives at the laboratory, it is registered and assigned a specific number, under which it “lives” from one to 10 days.

    “Specialists conduct water research on 42 indicators, including general chemical analysis, determination of the content of hydrogen sulfide, metals, organic substances, oil products, biochemical oxygen consumption. Gravimetric, photometric, potentiometric, titrimetric, spectral and other methods of analysis are used,” notes Marina Petrova.

    The organoleptic method is used when it is necessary to determine the smell of water. Using a water bath, the sample is heated to 20 or 60 degrees, then the specialist examines it, like a perfumer, and assigns marks on a five-point scale. In order to correctly evaluate the smell, you cannot use perfume or cosmetics.

    The transparency of water is also determined in an interesting way: it is poured into a narrow flask fixed on a stand, and printed text is placed under it. A specialist looks into the flask without glasses and drains the water using a tap until he can clearly distinguish the letters. The more water remains in the flask, the higher its transparency, and vice versa.

    Moscow Presents Analytical Study of BRICS Cities’ Climate AgendaMore than 1.5 million water quality tests have been conducted in Moscow since the beginning of the year

    Crayfish do not live in bad water

    The purity of water can be checked using biological testing. It is performed using two test objects: green protococcal algae, which are grown in a special climatostat cabinet in the laboratory, and ceriodaphnia crustaceans.

    “We usually use both methods, they complement each other. The prepared test object is placed in a sample of water or aqueous extract from soil or waste. Based on the lifespan and behavior of the test object in the sample, a conclusion is made about its toxicity,” says Maria Guzova, head of the biological analysis department.

    As part of the monitoring programs and at the request of residents, the testing center specialists also conduct soil sampling. They are collected using the envelope method. Up to five kilograms of soil must be collected from the corners and center of the designated square area using metal shovels and drills. The soil is then dried, cleared of stones and foreign fragments, crushed, sifted through a sieve and placed in bags. Samples collected using various methods are delivered to the laboratory, after which they are prepared for testing. This includes drying, crushing and sieving. Further testing is carried out using both the above methods and unique ones (for example, the X-ray fluorescence method).

    Moscow has a program for monitoring urban soils, which includes more than 1,300 permanent monitoring sites, and at least 300 are surveyed annually. Based on the results of the research, specialists assess the anthropogenic and technogenic load, as well as the suitability of the soil for plants.

    How does the analytical laboratory of MosEcoMonitoring work?Water meters: how to verify them and which devices require a laboratory300 kilograms of batteries collected by visitors to Moscow fairs over the summer

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

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

    http://vvv.mos.ru/nevs/item/144478073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Place for meetings and walks: the portal “Discover Moscow” has published a route along the embankments

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On the portal and in the mobile application “Get to Know Moscow” a new walking route has appeared. The path goes through the Krymskaya, Prechistenskaya, Bersenevskaya, Sofiyskaya, Raushskaya and Kremlevskaya embankments. Thanks to the audio guide, you can put the excursion in the background and enjoy a leisurely promenade through the capital without being distracted by the screen.

    City residents and tourists will be able not only to admire the colorful views and ancient buildings, but also to learn interesting facts about their history and architecture. In addition to familiar places, participants will discover completely new routes. For example, during a walk along the Krymskaya Embankment, you can walk along the pedestrian bridge over the Vodootvodny Canal of the Moscow River, which opened this summer.

    “The capital’s embankments are among the favorite walking places of Moscow residents and guests. Each of them has its own history, style and architectural features. The new route is an opportunity to look at familiar, well-known places from a different point of view, learn more about them and experience the atmosphere of the capital in a new way. Users can study their favorite embankment in detail or devote a day to a leisurely stroll around all the points. And the audio guide will make the excursion more exciting and memorable,” the press service said.

    Department of Information Technology the city of Moscow.

    In the mid-19th century, there were meadows on this site where horses were grazed, and in architectural plans the location appeared as the Crimean Dam, the rampart from the Crimean Bridge, or the passage from the Crimean Bridge.

    It is suggested to start your acquaintance with the Krymskaya Embankment with a look at the monument to Peter I at the confluence of the Moscow River and the Vodootvodny Canal. The impressive sculpture made of steel and bronze weighs over two thousand tons and rises 98 meters above the ground. It was installed in 1997, when Moscow celebrated its 850th anniversary.

    This summer, a new pedestrian bridge across the Vodootvodny Canal of the Moscow River was opened near the monument to Peter the Great. It is 58 meters long and eight meters wide. The bridge connects Balchug Island with the Krymskaya and Yakimanskaya embankments, adding beauty and convenience to walks in the city center. There is a long bench on the bridge where you can rest and admire the scenery.

    Prechistenskaya Embankment is located on the left bank of the Moskva River in the Khamovniki district. It owes its name to the street of the same name, which appeared on the map of Moscow back in the 16th century. The pedestrian Patriarch’s Bridge, located next to the Cathedral of Christ the Savior, connects it with Bersenevskaya Embankment.

    The architectural pearls of Prechistenskaya Embankment have been mansions for many years. For example, the building of the patron Ivan Tsvetkov, designed by the famous Viktor Vasnetsov. Or the house of Alexander Levenson, designed by Fyodor Shekhtel. And not without the city estate of Ivan Mazurin, decorated with a turret.

    The main attraction of the embankment is the apartment building of Z.A. Pertsova. The building with majolica, resembling a fairy-tale tower, is rightfully considered one of the most outstanding buildings of the capital in the neo-Russian style. Each of these mansions has its own stories, legends and ancient secrets.

    Bersenevskaya Embankment is located opposite the Cathedral of Christ the Savior. It starts near the Bolshoy Kamenny Bridge, curving towards the monument to Peter I. According to one version, the embankment owes its name to gooseberries: once upon a time, there were Bersenevskaya gardens on this bank of the Moscow River.

    The legendary Krasny Oktyabr factory is located in the Bersenevskaya Embankment area. The old brick buildings are an example of industrial architecture from the turn of the 19th and 20th centuries. The famous House on the Embankment, immortalized in Yuri Trifonov’s novel, is also located in the historical Yakimanka area.

    Sofiyskaya Embankment stretches along the right bank of the Moskva River directly opposite the Kremlin. It starts from Serafimovich Street and ends near the Bolshoy Moskvoretsky Bridge. This place is famous for its beautiful view of the Kremlin.

    The name of the embankment is associated with the Church of St. Sophia the Wisdom of God in Srednie Sadovniki, one of the oldest buildings in Zamoskvorechye. The wooden church itself was destroyed in a fire in 1493, and in 1682 a stone St. Sophia Church was built here.

    Walking along the embankment, listeners will pass by the legendary Kokorevsky Podvorye. The old hotel building with shops and wholesale warehouses was built in the early 1860s on the initiative of the entrepreneur and philanthropist Vasily Kokorev.

    Raushskaya Embankment runs along the Moskva River in the Zamoskvorechye district. It is located between Balchug Street and the Bolshoy Ustinsky Bridge. The name of the embankment is presumably associated with the ravushki — canals that used to drain water from the floodplain lands of Zamoskvorechye.

    In 1896, the Raushskaya power plant, which is still operating today, appeared here. Built by order of Emperor Alexander III, it was the first station to produce alternating current. The building of GES-1 of PAO Mosenergo supplies energy to the center of Moscow. The oldest power plant in Russia is included in the UNESCO World Heritage List as a unique object of industrial architecture. The appearance of the Raushskaya Embankment is complemented and decorated by the Church of St. Nicholas in Zayatskoye, built in the middle of the 18th century under the supervision of the famous master Prince Dmitry Ukhtomsky.

    The Kremlin Embankment, the first stone embankment in Moscow, has long been depicted on all city postcards and is still the most recognizable symbol of the capital. It is about one kilometer long. The embankment offers a good view of Red Square and Vasilievsky Spusk, as well as the southern wall of the Kremlin with its unique ancient towers. In addition, the embankment overlooks the Alexander Garden, as well as the Zotov Estate, an architectural monument of the 18th–19th centuries.

    “Discover Moscow” is a joint project of the departments of information technology, culture, cultural heritage, education and science. The interactive guide contains photographs and descriptions of more than 2.3 thousand buildings, 704 monuments, 410 museums, 490 places, over 270 walking routes, as well as information about 333 historical figures. All this is also available in the mobile application “Get to Know Moscow”.

    The implementation of digital solutions in the cultural sphere corresponds to the objectives of the national project “Culture” and the regional project of the city of Moscow “Digital Culture”. More information about this and other national projects implemented in Moscow can be found on a special page.

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

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

    http://vvv.mos.ru/nevs/item/144474073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: The capital’s road workers have improved two major highways in Lugansk and Donetsk

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The capital’s road workers repaired two major highways in Lugansk and Donetsk.

    On one of the busiest highways in Luhansk, almost eight kilometers long, the asphalt concrete pavement of the roadway was renewed, sidewalks were installed, manholes were repaired, and markings were applied. In addition, public transport stops were placed there, a lighting system was installed, and the area was landscaped. For the safety of motorists, delineators with signal posts were installed and safety buffers were made.

    Benches, park swings and lanterns were installed on the sidewalks, and flower beds were planted. A bicycle path of almost seven kilometers was laid from the city center to the residential areas. In addition, three bicycle parking areas were equipped.

    Last year, the capital’s road workers implemented a similar comprehensive improvement project on another central street in Lugansk. Its length is 6.7 kilometers. On an area of 37.1 hectares, they replaced utility networks, sidewalk and road surface, changed the traffic organization, completely updated public transport stops, made children’s and sports playgrounds, and landscaped the area.

    In Donetsk, this year, work was also carried out on one of the central and longest streets. It passes through two districts, and was last improved more than 15 years ago. The city’s main medical institution is located here, and now specialists from the capital are restoring it.

    The work was carried out along the entire length of the street – about six kilometers, as well as on the boulevard part, which is more than 1.5 kilometers long. The capital’s road workers repaired the roadway and sidewalks, applied markings, replaced traffic lights, trans-barrier and pedestrian fences, installed bus stops, mounted a lighting system, and also expanded one parking zone and equipped three new parking lots.

    In addition, small recreation areas with benches surrounded by flower beds have appeared. Later, additional trees and shrubs will be planted.

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

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

    http://vvv.mos.ru/nevs/item/144417073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI China: Asia-Pacific still faces challenges but resilient: ADB

    Source: China State Council Information Office

    A customer buys bread at a supermarket in Quezon City, the Philippines on Sept. 25, 2024. [Photo/Xinhua]

    Asia and the Pacific still faces challenges but remains resilient, according to an updated Asian Development Bank (ADB) report released on Wednesday.

    The Asian Development Outlook September 2024 maintained its gross domestic product (GDP) forecast for the Asia-Pacific region at 5 percent, unchanged from its July forecast. The growth outlook for next year was maintained at 4.9 percent.

    Inflation in the region was forecast at 2.8 percent for 2024, while inflation for 2025 was 2.9 percent, the report showed.

    The report revises the growth forecast for 2024 in East Asia to 4.6 percent.

    The outlook for growth in the Caucasus and Central Asia was better than expected at 4.7 percent, while the growth forecast for the Pacific was revised upward to 3.4 percent, driven by an increase in tourist arrivals.

    In South Asia, the growth outlook for this year was unchanged at 6.3 percent, while a decline in public investments and slower-than-expected export recovery imply that the growth forecast for Southeast Asia slightly drops to 4.5 percent.

    ADB Chief Economist Albert Park said growth in developing Asia remained robust during the first half of 2024, fueled by solid domestic demand and export growth.

    “We expect growth in developing Asia will remain robust this year and next,” Park told an online news conference.

    Park said that inflation has continued to moderate, creating more space for monetary policy easing. However, he said that disinflation remains uneven.

    Policymakers in the region need to stay vigilant to keep growth and inflation on track, Park said, pointing out such downside risks as a rise in protectionism, worsening geopolitical tensions and adverse weather conditions.

    MIL OSI China News –

  • MIL-OSI China: Potential US port strike could cripple global supply chain

    Source: China State Council Information Office

    Containers are seen in the process of logistics operations at Maher Terminal owned by the Port Authority of New York and New Jersey in Bayonne, New Jersey, the United States, on Oct. 19, 2021. [Photo/Xinhua]

    The International Longshoremen’s Association (ILA), a North American labor union, recently threatened to go on strike if a new agreement cannot be reached before the existing contract expires on Sept. 30.

    Experts worry that a potential large-scale port strike could have a devastating impact on the U.S. economy and cripple the global supply chain.

    According to media reports, the ILA is advocating for significant wage increases in the new six-year agreement, arguing that inflation has completely eaten into any raises and wages over the past six years.

    The ILA also demands a total ban on the automation of cranes, gates, and container movements used to load freight at over 30 U.S. ports.

    As the deadline approaches, there is increasing concern that a large-scale port strike in the United States could become a reality. This could potentially be the first major strike to occur along the East Coast and Gulf of Mexico ports since 1977.

    About three-fifths of container shipments to the United States are transported through the East and Gulf Coasts, and according to logistics experts, it is not feasible for the West Coast ports to handle the entirety or a significant majority of these shipments if they were redirected.

    “Even a two-week strike could disrupt supply chains until 2025,” Grace Zwemmer, associate U.S. economist with Oxford, warned in a new report.

    According to transportation analysts at JPMorgan, a strike could cause a daily economic loss of 5 billion U.S. dollars, equivalent to approximately 6 percent of the country’s daily gross domestic product.

    Even if shippers turn to West Coast ports, congestion may occur, leading to cargo delays and significant increases in shipping costs.

    In response to the situation, some international shipping companies are preparing for a shutdown of all ports along the East Coast.

    Market expectations of a breakdown in labor negotiations causing another disruption in the supply chain have led to an increase in stock prices for shipping giant Maersk Group, which has risen nearly 20 percent in the past two weeks as of Tuesday.

    Mike DeAngelis, the senior director of international solutions for freight visibility platform FourKites, believes the potential port strike will only exacerbate the current difficulties.

    “We’re facing a perfect storm — with the Red Sea disruptions preventing normal access to the Suez Canal, and the Panama Canal’s still-reduced capacity, an ILA strike would effectively choke off major arteries of global trade,” DeAngelis said.

    MIL OSI China News –

  • MIL-OSI China: Shanghai to issue consumption vouchers

    Source: China State Council Information Office

    Shanghai will allocate 500 million yuan (about 71.14 million U.S. dollars) from its municipal budget to issue consumption vouchers for the dining, accommodation, cinema and sports sectors, the Shanghai municipal government’s information office said on Wednesday.

    Funds for the vouchers will be distributed based on each sector’s consumption share and demand: 360 million yuan will go to the dining sector, 90 million yuan to accommodation, 30 million yuan to cinema, and 20 million yuan to sports. The first round of vouchers will be available from Sept. 28.

    Dining and accommodation vouchers have been divided into four tiers based on spending levels, with adjustments to be made according to redemption data during implementation.

    Dining vouchers have four discount levels: a 50 yuan discount on spending of 300 yuan, 100 yuan on spending of 500 yuan, 200 yuan on spending of 800 yuan, and 300 yuan on spending of 1,000 yuan. Accommodation vouchers provide discounts of 50 yuan on spending of 300 yuan, 130 yuan on spending of 600 yuan, 220 yuan on spending of 900 yuan, and 300 yuan on spending of 1,200 yuan.

    Cinema vouchers offer 20 yuan or 30 yuan discounts per movie ticket, while sports vouchers come in six tiers, ranging from 5 yuan off 10 yuan to 80 yuan off 200 yuan, with additional vouchers available for specific activities such as swimming, badminton and winter sports.

    The vouchers will be distributed in two phases. The first phase will run from late September to late October, with additional dining and cinema vouchers set for release during the National Day holiday to boost consumption. The second phase will run from November to December, focusing on increasing the distribution of accommodation and sports vouchers to stimulate off-season spending.

    MIL OSI China News –

  • MIL-OSI China: China issues guidelines to promote employment

    Source: China State Council Information Office 2

    Students attend a job fair at Tsinghua University in Beijing, capital of China, March 15, 2024. [Photo/Xinhua]
    The Communist Party of China Central Committee and the State Council have unveiled a set of guidelines to promote high-quality and sufficient employment by implementing the employment-first strategy.
    According to the guidelines, efforts should be made to create more high-quality jobs, including transforming and upgrading traditional industries, fostering and strengthening emerging industries, developing future industries and accelerating the development of advanced manufacturing clusters.
    Measures should be taken to expand new employment spaces in the digital economy, create more new jobs related to green industries and cultivate new growth points of employment by developing the silver economy, the guidelines state.
    They urge efforts to tackle structural unemployment, such as improving the system of lifelong vocational training.
    They call for refining the targeted and effective public services system for employment and the system of providing employment support for key groups, as well as optimizing the system for supporting self-employment and flexible employment.
    The guidelines also stress the promotion of reasonable increases in people’s remuneration for labor and expanding the coverage of social insurance.

    MIL OSI China News –

  • MIL-OSI China: Chang’e-6 lunar samples to be displayed at Airshow China

    Source: China State Council Information Office 2

    Lunar samples collected by China’s Chang’e-6 mission from the far side of the moon will be on display at the 15th China International Aviation and Aerospace Exhibition, also known as Airshow China, the State Administration of Science, Technology and Industry for National Defense announced Wednesday.
    The Chang’e-6 return capsule will also be showcased, allowing the public to witness the advancements of China’s space industry, said Li Yang, an official with the agency.
    The airshow is scheduled for Nov. 12-17 in Zhuhai, a city in south China’s Guangdong Province, and will feature various types of aircraft and carrier rockets.
    According to Hao Changfeng, spokesperson for China Aerospace Science and Technology Corporation, the company will present nearly 200 high-tech products, including first-time exhibits such as the Chang’e-6 probe and the Long March-8A carrier rocket. “About 150 items will be debuting, with new exhibits making up 75 percent of the display,” said Hao.
    Wu Jiwei, spokesperson for the Aviation Industry Corporation of China, announced that the company will showcase more than 260 products, emphasizing advancements in new quality productive forces.
    Since its inception in 1996, Airshow China has become an important window for showcasing advanced aviation and aerospace technologies and equipment from home and abroad. It has also become an international platform for promoting business cooperation in aviation and aerospace technologies and equipment. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Emergency preparedness: Solid progress made by Auckland Council following reviews

    Source: Auckland Council

    Auckland Council has made large steps towards enhancing our emergency preparedness and response capabilities, since the extreme weather events of early 2023.  

    That’s according to the Auditor-General’s report: Improving Aucklanders’ emergency preparedness, which was tabled in Parliament today. 

    Councillor Sharon Stewart, Auckland Council’s Civil Defence and Emergency Management chairperson says the uptake on the OAG report recommendations shows the council is committed to being better prepared for future emergencies. 

    “The flooding and cyclone events in early 2023 had a devasting toll on Auckland, with many people losing their homes and some people suffering the loss of a loved one. 

    “In the aftermath of these tragic events it was clear the council needed to become better prepared to help Aucklanders in future emergencies. 

    “We commissioned three independent reviews which all made a number of recommendations about enhancing our emergency response systems and processes. 

    “I’m heartened by the progress made by Auckland Emergency Management in considering and implementing the recommendations of the reviews. 

    “Continually striving to enhance our emergency preparedness will ultimately result in a safer region and could save lives.”  

    Auckland Council Chief Executive Phil Wilson says last year was incredibly challenging and it was important to him that Auckland Council had a good honest look at how it did, and how well prepared it is.   

    “A number of internal and independent reviews, including this one carried out by the Office of the Auditor General, contributed to a prioritised programme of work. 

    “But we can’t take our foot off the pedal – the risk is too high. With complex and difficult recovery efforts continuing, the work is by no means over and our community continues to suffer. 

    “We do not and will not shirk from the central role that Auckland Emergency Management and the council needs to play, but event after event shows us that as critical as our preparations are, we are not the only answer – every household in Tāmaki Makaurau needs to have a plan. 

    “If you haven’t already, check your risk on Auckland Council’s

    Flood Viewer and use the many guides available on Auckland Emergency Management’s website to put that plan in place for your home and whānau,” says Mr Wilson. 

    The council engaged the Office of the Auditor-General (OAG) to report on how effectively Auckland Emergency Management has addressed the recommendations of three reviews following the early 2023 extreme weather events. 

    These were: the Auckland Flood Response Review: Independent, External Review of Events, January 27-29, 2023 by Bush International Consulting (The Bush Review); the Auckland Severe Weather Events 2023 Debrief by Toa Consulting (The Toa Review) and the Auckland Council: Preparedness for responding to an emergency, Controller and Auditor-General, June 2023, (The OAG review). 

    John Cranfield, Acting General Manager Auckland Emergency Management says he welcomes the OAG review and outlines the progress the council has made around enhancing emergency preparedness. 

    “Since the flooding and cyclone events in early 2023, the council has been working tirelessly to improve how we respond to future emergency events and we have acted on the recommendations of the reviews. We have made real progress across a number of emergency preparedness areas. 

    “Sites for new Civil Defence centres across Auckland have been identified to increase their number and geographical spread. They are now being provisioned and resourced.  

    “In the training space, we conducted two large scale exercises (in October 2023 and March 2024), which gave us an opportunity to test our Emergency Coordination Centre, procedures, and response staff. Almost 400 Auckland Council staff have completed foundation level emergency management training through our ACES programme and new emergency response standard operating procedures and guides have been put in place for all staff, the Mayor and elected members. 

    “Getting local communities emergency ready is a crucial element in Auckland’s emergency preparedness. A new team of community advisors are working with local boards to develop readiness and response plans and provide support to local boards to increase readiness capabilities. 

    “Communications support has been enhanced within AEM, focusing on digital platforms, accessibility, increasing public awareness and keeping the Mayor, elected members and key stakeholders informed, during and after an emergency response. 

    “The welfare coordination group has been reviewed and the terms of reference re-established to ensure a planned and well-coordinated cross agency approach to Auckland’s future emergency responses.” 

    The OAG report found that Auckland Council is better placed today than it was in early 2023 to respond to the next major emergency, noting “there is more work to do to fully address and keep working to implement the recommendations of the three Auckland reviews.” 

    The OAG report also stated that Auckland Council, “accepted the recommendations of the three reviews and developed plans to implement them” and once fully implemented the OAG “considers that all 51 recommendations [across the three reviews] have been met.” 

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Win for SA sport with new SASI up and running

    Source: University of South Australia

    26 September 2024

    UniSA’s Prof Jon Buckley and Minister for Recreation, Sport and Racing Katrine Hildyard with SASI athletes.

    South Australian Sports Institute (SASI) athletes have had a first look at their new, state-of-the-art Mile End facility, ahead of operations commencing next week.
     
    The nearly $90 million SASI build has been designed to give South Australian and SA-based athletes a competitive edge, featuring nation-leading spaces including:

    • Strength and conditioning gym, fit with five lane synthetic turf testing space (three lanes are 60 metres and two lanes are 40 metres) and anti-gravity treadmill.
    • Environmental chamber for athlete testing under a range of temperature, hypoxic and humidity conditions.
    • Full sized indoor sprung timber court and half court movement studio, designed for instant performance analysis under individual and team modes.
    • Ergometer training space, home to the SASI rowing and canoe/kayak programs.
    • Physiology laboratory and athlete health rooms, fit out for our allied health partners.
    • Athlete recovery centre, complete with athlete nutrition zone.
    • Biomechanics and exercise physiology laboratories fit for our allied health partners and for students to learn about the role that forces play in movement and physiological responses to exercise and training.

    The Malinauskas Government has invested $68 million towards the development, which provides a world-class sport, research and education hub to high performance athletes, coaches and university students.

    UniSA Prof Jon Buckley and SASI athlete and weightlifter Callum Thomas

    Project partner UniSA has contributed a further $20 million for capital costs, which will see the UniSA Sports Science Hub open on the second floor in the coming months, with high performance sport science laboratories and teaching spaces for students undertaking a range of undergraduate and postgraduate degrees.
     
    The building will also be home to the Office for Recreation, Sport and Racing, which was instrumental in the design and building process, working alongside COX Architecture and Hansen Yuncken.
     
    The new facility launches as one of the best high-performance sports precincts in the country. Its Mile End location sits right on the doorstep of Adelaide’s CBD, and is co-located with the pioneering National Centre for Sports Aerodynamics, upgraded SA Athletics Stadium, and the SA Netball Centre.
     
    The Mile End sports precinct is set to be a drawcard for international sports teams with world-renowned organisations having already expressed their interest in basing themselves in Adelaide to use these amenities.
     
    A SASI open day event will be held early next year where members of the public will be invited to come along and take a tour of the new facility.
     
    Quotes attributable to Katrine Hildyard
     
    Through this remarkable new SASI, our Government is proudly ensuring South Australia is at the forefront of world-class sport performance and research, and empowering more athletes to chase their sporting dreams.
     
    The new SASI and its state-of-the-art features will be a key site in the lead up to the Brisbane 2032 Games and beyond, supporting the work of our South Australian athletes and coaches and also attracting national and international teams to Adelaide.
     
    This almost $90 million development is a key part of the brilliant sporting precinct we are developing at Mile End with our National Centre for Sports Aerodynamics, upgraded Athletics Stadium and soon to be redeveloped SA Netball Centre all neighbours.
     
    We know that the new SASI will enable every athlete who uses this facility to have the best possible support around them as they strive to realise their ambition to compete at the highest level.
     
    Quotes attributable to SASI Director Keren Faulkner
     
    SASI’s new home in Mile End is something I am extremely proud of where we will help athletes develop into the best version of themselves, both in their sporting pursuits and in their everyday lives.
     
    As an organisation that is at the heart of South Australia’s sporting success, I’m thrilled that this space has been designed to be inclusive and support every type of elite athlete.
     
    It will also enable our coaches and staff to power greatness in their work where we’ve always had a world class team and now, we have the facilities to match this – the sky’s the limit in terms of what we can achieve.
     
    Our partnership with UniSA will also give us great opportunities to promote the way research, science and academia can work together with sport.
     
    Quotes attributable to UniSA Professor Jon Buckley, Executive Dean: UniSA Allied Health and Human Performance Academic Unit
     
    UniSA is very pleased to partner with the State Government and South Australian Sports Institute in this world-class development.
     
    The collaboration draws upon the expertise of SASI and UniSA to dually advance the preparation of high-performance athletes and educate the elite sports workforce of the future.

    Other articles you may be interested in

    MIL OSI News –

  • MIL-OSI New Zealand: Health Provision – New Dunedin hospital: Southerners deserve better – NZNO

    Source: New Zealand Nurses Organisation

    The Government’s announcement today that it will scale back the new Dunedin hospital will negatively impact patient care, the New Zealand Nurses Organisation (NZNO) Tōpūtanga Tapuhi Kaitiaki O Aotearoa says.
    “Southerners deserve more than half a hospital or a slow rebuild of the old hospital,” says NZNO delegate Linda Smillie.
    “These decisions will negatively impact patient care. There is a real risk that nurses will not be able to provide the appropriate level of care their patients need.”
    The Government knows the cost of infrastructure projects always blow out because of rising building costs, she says.
    “This is cost cutting by stealth. The Government must find the additional funding needed to build this much-needed health facility.
    “If the Government can find $3 billion to give to landlords and $216 million for tobacco companies, they can find the additional funding needed to build the new Dunedin hospital.
    “Repurposing the existing hospital doesn’t make sense because it is not fit for purpose, and inpatient and outpatient areas need to in close proximity. This option has been well investigated previously and deemed to be unfeasible,” Linda Smillie says.
    NZNO urges Dunedin residents to join them and march on Saturday against the decision to stop the construction and to show the Government how important the new hospital is.

    MIL OSI New Zealand News –

  • MIL-OSI USA: Congress Passes Temporary Government Funding Legislation, Senator Wicker Highlights Why This is the Wrong Approach

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    WASHINGTON – Tonight, Congress passed a continuing resolution (CR) to prevent a government shutdown and temporarily extend funding until December 20, 2024. This gives lawmakers more time to reach an agreement on a long-term funding plan.

     U.S. Senator Roger Wicker, R-Miss., released the following statement expressing why CRs pose a threat to our national security:

     “A CR maintains last year’s priorities and does not provide for needed investments in our troops and military. Even worse, the Biden-Harris administration has provided inadequate support to Pentagon modernization efforts while inflation soars and our adversaries have grown their militaries and have become more aggressive,” Senator Wicker said. “I am glad we avoided a shutdown, but this is not the right path forward. We cannot continue to ask our service members to do more with less.”

    Fortunately, the CR ensures that fundamental pro-life provisions like the Hyde Amendment are still in effect. The Hyde Amendment, which prohibits the use of federal funds for abortions, has been attached to appropriations bills for nearly four decades.

    MIL OSI USA News –

  • MIL-OSI USA: Rosen-Backed Bill to Reauthorize the Lake Tahoe Restoration Act Passes Congress, Heads to President’s Desk

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)

    The Authorization Of The Lake Tahoe Restoration Act Was Set To Expire On October 1, 2024
    WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) announced that legislation she helped pass in the Senate to extend the authorization of the Lake Tahoe Restoration Act for 10 years has passed the U.S. House of Representatives. The legislation is led by Senator Catherine Cortez Masto (D-NV) and also cosponsored by Senators Laphonza Butler (D-CA) and Alex Padilla (D-CA) in the Senate. The Senate passed this bill in July, and it now goes to the President’s desk to be signed into law.
    “For the last two decades, lawmakers from both parties have come together and worked in a bipartisan way to protect Lake Tahoe and the surrounding communities,” said Senator Rosen. “I’m proud to continue this legacy by working with Republicans and Democrats in Congress to pass the Lake Tahoe Restoration Reauthorization Act and reauthorize this much-needed funding to help preserve one of Nevada’s most unique natural wonders for generations to come.”
    “I was thrilled to pass the reauthorization of the Lake Tahoe Restoration Act through the Senate this summer, and today’s vote means this critical legislation is officially on its way to becoming law,” said Senator Cortez Masto. “I’m proud of our bipartisan work to deliver funding for vital programs that keep the lake clean, support local jobs, and support our tourism economy. It is an honor to help lead Team Tahoe and fight for the resources the basin needs to thrive.” 
    “The Lake Tahoe Region is grateful to Congress for their leadership in passing this critical piece of legislation to continue the collaborative work to protect and restore Lake Tahoe,” said Tahoe Regional Planning Agency Executive Director Julie Regan. “Extending the federal investment in the EIP will leverage millions of dollars in state and local funding to implement the top priority projects for the lake and our communities.”
    The Lake Tahoe Restoration Act is bicameral, and is cosponsored in the U.S. House of Representatives by Representatives Mark Amodei (R-Nev.-02), John Garamendi (D-Calif.-03), Dina Titus (D-Nev.- 01), Susie Lee (D-Nev.-03), Steven Horsford (D-Nev.-04), John Duarte (R-Calif.-13), and Kevin Kiley (R-Calif.-06). It will allow critical funding to support environmental protection and habitat restoration programs across the basin for the next ten years. This law has delivered millions in federal dollars to Lake Tahoe since the original law passed in 2000.
    Senator Rosen has consistently worked across the aisle to protect Lake Tahoe and ensure it has the federal resources it needs to thrive. She also delivered critical funding to protect Lake Tahoe in the Bipartisan Infrastructure Law and recently helped secure $24 million to extend the popular East Shore Trail around Lake Tahoe.

    MIL OSI USA News –

  • MIL-OSI Economics: Money Market Operations as on September 25, 2024

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 558,492.52 6.55 5.10-6.85
         I. Call Money 10,906.90 6.68 5.10-6.80
         II. Triparty Repo 383,880.85 6.49 6.24-6.65
         III. Market Repo 162,306.77 6.67 5.50-6.85
         IV. Repo in Corporate Bond 1,398.00 6.80 6.80-6.85
    B. Term Segment      
         I. Notice Money** 176.75 6.54 6.00-7.00
         II. Term Money@@ 526.00 – 6.95-7.50
         III. Triparty Repo 5,217.85 6.59 6.50-6.75
         IV. Market Repo 473.26 6.66 6.66-6.66
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Wed, 25/09/2024 1 Thu, 26/09/2024 5,549.00 6.75
    4. SDFΔ# Wed, 25/09/2024 1 Thu, 26/09/2024 83,582.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -78,033.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 20/09/2024 14 Fri, 04/10/2024 25,002.00 6.52
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Tue, 24/09/2024 2 Thu, 26/09/2024 50,003.00 6.62
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
    Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
    Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,495.66  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     87,990.66  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     9,957.66  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on September 25, 2024 1,004,354.64  
         (ii) Average daily cash reserve requirement for the fortnight ending October 04, 2024 1,005,433.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ September 25, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on September 06, 2024 427,689.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad            
     Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1159

    MIL OSI Economics –

  • MIL-OSI New Zealand: Peer Mental Health Service Launched, Further Support Planned

    Source: New Zealand Government

    Mental Health Minister Matt Doocey says the new peer support service launched in Middlemore’s Emergency Department today is a positive step towards improving mental health outcomes.

    “Having someone with lived experience available to support someone in mental distress can make a crucial difference. With the right training and clinical supervision, I am confident that the peer workforce will help with some of the pressures that exist within mental health and addiction services,” Mr Doocey says.

    Middlemore is the first of eight hospitals set to trial the new service, with Auckland City, Waikato, Wellington and Christchurch all in the planning stages with a further three hospitals to be added over the next two years.

    “Today I am also announcing:
    •    Six new Crisis Recovery Cafés will be rolled out around the country over the next two years.  
    •    The first Child and Youth Mental Health and Addiction Prevalence Survey ever undertaken in New Zealand.
    •    $6.6 million for Infant Child and Adolescent Mental Health Service (ICAMHS) over two years, which will be used for additional frontline FTE.

    “I am committed to trialling new and innovative solutions to help address unmet need. Crisis Recovery Cafés are safe, welcoming places where people can go when they need support. It’s an alternative model of care that can prevent people ending up in ED.”

    Health New Zealand is working to have the first Crisis Recovery Café in place early to mid-next year and a further five will be rolled out over the next two years once locations are selected and tenders have been completed.

    MIL OSI New Zealand News –

  • MIL-OSI USA: Congressman Rogers Votes to Extend Federal Funding and Avoid a Government Shutdown

    Source: United States House of Representatives – Representative Harold Hal Rogers (KY-05)

    WASHINGTON, DC — U.S. Rep. Harold “Hal” Rogers (KY-05), Dean of the House, voted for the Continuing Appropriations and Extensions Act of 2025 to avoid a government shutdown on September 30th and extend federal funding past the election, through December 20, 2024. Both the House and Senate passed the bipartisan bill on Wednesday, sending it on to the president’s desk for his signature. 

    The funding protects critical benefits programs and includes $231 million in additional resources for the Secret Service to ensure candidates and government leaders are protected, while also ensuring the full cooperation of the Secret Service with congressional investigations.

    “We have the responsibility to protect the federal programs and funding that Americans rely on everyday. This temporary extension will get us through the election, and will allow the president-elect to engage in our next steps,” said Congressman Rogers, a senior appropriator. “We cannot afford a government shutdown or any disruption in our national security, especially when our nation’s leadership hangs in the balance of an election that is only weeks away.” 

    The House Appropriations Committee passed all twelve federal funding bills earlier this summer, and the House has already passed five of those bills on to the Senate for consideration.  

    For more information about Congressman Rogers’ work in Washington and at home in Kentucky visit halrogers.house.gov and follow him on social media. 

    MIL OSI USA News –

  • MIL-OSI USA: Crapo Statement on Continuing Resolution

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Published: September 25, 2024

    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho) issued the following statement on the Continuing Resolution (CR) to extend government funding through December 20, 2024:
    “This CR is yet another failure to follow our annual budget and appropriations process.  The Senate Appropriations Committee has already advanced all 12 individual appropriations bills and there is no reason the Senate should not have taken these up for a vote before now.  We have to stop with the bandaids on our growing fiscal crisis.”

    MIL OSI USA News –

  • MIL-OSI USA: Crapo Joins Legislation to Ban Handgun Rosters

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C..–U.S. Senator Mike Crapo (R-Idaho) joined U.S. Senator Jim Risch (R-Idaho) to introduce the Modern Firearms Safety Act, which would prohibit states from enforcing handgun rosters.  These lists of pre-approved handguns require manufacturers to include costly features like microstamping, loaded chamber indicators and magazine disconnect mechanisms on firearms, preventing law-abiding citizens from purchasing the firearm of their choice.
    “Those on the Left continue to use every creative avenue possible to stifle Second Amendment rights and restrict gun ownership for law-abiding citizens,” said Crapo. “These practices must stop.”
    “Unconstitutional handgun rosters create unnecessary, burdensome requirements for firearm manufacturers while undermining the Second Amendment,” said Risch.  “The Modern Firearms Safety Act stops Democrats arbitrary handgun catalogs and protects law-abiding gun owners’ right to bear arms.”
    Several states, including California, New York, Maryland, Massachusetts, and Washington, D.C., have recently enacted unconstitutional handgun rosters. A 2024 federal district court ruling found California’s handgun roster requirements unconstitutional.
    Crapo and Risch are joined by U.S. Senators Mike Braun (R-Indiana), Shelley Moore Capito (R-West Virginia), Bill Cassidy (R-Louisiana), John Cornyn (R-Texas), Kevin Cramer (R-North Dakota), Steve Daines (R-Montana), John Hoeven (R-North Dakota), Roger Marshall (R-Kansas), Markwayne Mullin (R-Oklahoma) and Thom Tillis (R-North Carolina) in introducing the legislation.
    “Blue states look for every avenue to ban guns for law-abiding citizens,” said Cassidy.  “Requiring unnecessary and imaginary modifications that don’t improve safety is just another tactic out of this playbook. The Second Amendment is a Constitutional right that shouldn’t be infringed upon just because of the state in which you reside.” 
    “Trying to impose unnecessary and overly stringent requirements on what features handguns must have is a blatant attempt to strip away core constitutional rights,” said Cornyn.  “This legislation ensures law-abiding gun owners in Texas can continue to exercise their Second Amendment right in a safe and responsible way without being subject to impractical restrictions.”
    “Our Founding Fathers were clear—the right to keep and bear arms shall not be infringed,” said Daines.  “Forcing Americans to outfit their firearms with onerous and costly features is a clear attempt to undermine the Second Amendment and law-abiding citizens’ constitutional rights, and it must stop.”
    “I am proud to join Senator Risch in our fight against the Democrats’ never-ending attack on our Second Amendment rights and our constitutional freedoms,” Marshall said.  “The Modern Firearm Safety Act will end the unconstitutional gun grab currently underway in far-Left states like California, New York, Maryland, and Massachusetts. Our legislation rightfully blocks Democrats from enforcing illegal handgun roster requirements designed to target law-abiding Americans.”
    “This commonsense legislation safeguards the Second Amendment rights of law-abiding citizens by eliminating unnecessary barriers to purchase firearms,” said Tillis.  “I am proud to support responsible gun owners by introducing this legislation, which aims to prevent government overreach and uphold our constitutional freedoms.”
    The Modern Firearms Safety Act has received support from the Congressional Sportsmen’s Foundation, National Shooting Sports Foundation (NSSF) and National Rifle Association (NRA).
    ?

    MIL OSI USA News –

  • MIL-OSI Economics: Secretary-General of ASEAN meets with Secretary of the Party Committee of Guangxi Zhuang Autonomous Region

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with Secretary of the Party Committee of Guangxi Zhuang Autonomous Region Liu Ning at the sidelines of the 21st China-ASEAN Expo (CAEXPO) in Nanning, China. They discussed the important role of the CAEXPO in strengthening ASEAN-China cooperation in the areas of trade, investment, tourism and connectivity, among others.

    The post Secretary-General of ASEAN meets with Secretary of the Party Committee of Guangxi Zhuang Autonomous Region appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI: WEBTOON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against WEBTOON Entertainment Inc. – WBTN

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against WEBTOON Entertainment Inc. (“Webtoon” or the “Company”) (NasdaqGS: WBTN), if they purchased the Company’s shares pursuant and/or traceable to the Company’s registration statement issued in connection with its June 2024 initial public offering (“IPO”). This action is pending in the United States District Court for the Central District of California.

    Get Help

    Webtoon investors should visit us at https://claimsfiler.com/cases/nasdaq-wbtn/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Webtoon and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.

    On August 8, 2024, the Company announced its financial results for 2Q 2024, disclosing total revenue growth of only 0.1% and that advertising revenue had declined 3.6%, that IP adaptations revenue had declined 3.7%, and that its quarterly net loss was $76.6 million. Further, the Company also disclosed a quarterly net loss of $76.6 million, and that its revenue and revenue growth had been “offset by the Company’s significant exposure to weaker foreign currencies.”

    On this news, shares of Webtoon fell by more than 38%, and by the commencement of the lawsuit, the Company’s stock has traded as low as $12.45 per share, a more than 40% decline from the $21.00 per share IPO price.

    The case is Brookman v. WEBTOON Entertainment Inc., et al., No. 24-cv-07553.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: METHODE ELECTRONICS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Methode Electronics, Inc. – MEI

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 25, 2024 to file lead plaintiff applications in a securities class action lawsuit against Methode Electronics, Inc. (NYSE: MEI), if they purchased the Company’s shares between June 23, 2022 and March 6, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Illinois.

    Get Help

    Methode Electronics investors should visit us at https://claimsfiler.com/cases/nyse-mei/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Methode and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On March 7, 2024, the Company announced its financial results for 3Q2024, disclosing that its Automotive Segment generated only $139.7 million in net sales for the quarter and suffered an $11 million loss from operations, and that it was withdrawing its prior guidance due in substantial part to the “operational challenges” at its Monterrey facility and that its prior statements regarding the guidance should no longer be relied upon. On this news, the price of Methode’s shares fell 31%, from $21.04 per share when the market closed on March 6, 2024 to $14.49 per share when the market closed on March 7, 2024, on abnormally high volume.

    The case is Salem v. Methode Electronics, Inc., No. 24-cv-07696.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: SUPER MICRO COMPUTER SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Super Micro Computer, Inc. – SMCI

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 29, 2024 to file lead plaintiff applications in securities class action lawsuits against Super Micro Computer, Inc. (“SMCI” or the “Company”) (NasdaqGS: SMCI), if they purchased the Company’s securities between February 2, 2021 and August 28, 2024, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Northern District of California.

    Get Help

    SMCI investors should visit us at https://claimsfiler.com/cases/nasdaq-smci-3/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuits

    SMCI and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On August 27, 2024, Hindenburg Research released a report entitled “Super Micro: Fresh Evidence of Accounting Manipulation, Sibling Self-Dealing and Sanctions Evasion at this AI High Flyer” that detailed its “3-month investigation” which uncovered “glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and expert control failures, and customer issues,” and that the Company continued to engage in channel-stuffing despite being charged by the SEC for doing so. On this news, the price of SMCI’s shares fell from a closing price of $562.51 per share on August 26, 2024 to $443.49 per share on August 28, 2024.

    The first-filed case is Averza v. Super Micro Computer, Inc., 24-cv-06147. Two subsequent cases were filed, Menditto v. Super Micro Computer, Inc., 24-cv-06149 and Spatz v. Super Micro Computer, Inc., 24-cv-06193.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: ORTHOFIX MEDICAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Orthofix Medical, Inc. – OFIX

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 21, 2024 to file lead plaintiff applications in a securities class action lawsuit against Orthofix Medical, Inc. (NasdaqGS: OFIX), if they purchased the Company’s shares between October 11, 2022, and September 12, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Texas.

    Get Help

    Orthofix investors should visit us at https://claimsfiler.com/cases/nasdaq-ofix-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Orthofix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On September 12, 2023, the Company announced the appointment of an interim CEO, interim CFO, and interim CLO, effective immediately, following the “unanimous decision by the Board’s independent directors to terminate for cause [President and CEO] Keith Valentine, [CFO] John Bostjancic and [CLO] Patrick Keran from those respective roles” due to an independent investigation that revealed that “each of these executives engaged in repeated inappropriate and offensive conduct that violated multiple code of conduct requirements and was inconsistent with the Company’s values and culture.”

    On this news, the price of Orthofix’s shares fell $5.62 per share, or over 30%, to close at $13.01 per share on September 13, 2023, on unusually heavy volume.

    The case is Bernal v. Orthofix Medical, Inc., et al., No. 2:24-cv-00690.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: STELLANTIS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Stellantis N.V. – STLA

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Stellantis N.V. (NYSE: STLA), if they purchased the Company’s securities between February 15, 2024 to July 24, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

    Get Help

    Stellantis investors should visit us at https://claimsfiler.com/cases/nyse-stla/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Stellantis and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On July 25, 2024, the Company announced its first half 2024 financial results, disclosing disappointing news, including “[n]et revenues of €85.0 billion, down 14% compared to H1 2023, primarily due to the decline in volume and mix; net profit of €5.6 billion, down 48% compared to H1 2023, primarily due to lower volume and mix, headwinds from foreign exchange and restructuring costs; adjusted operating income of €8.5 billion, down €5.7 billion compared to H1 2023, primarily due to decreases in North America.”

    On this news, the price of Stellantis’ shares fell from a closing price of $19.60 per share on July 24, 2024 to $17.66 per share on July 26, 2024.

    The case is Long v. Stellantis N.V., et al., No. 24-cv-06196.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: SPRINKLR SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Sprinklr, Inc. – CXM

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Sprinklr, Inc. (NYSE: CXM), if they purchased the Company’s securities between March 29, 2023 and June 5, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

    Get Help

    Sprinklr investors should visit us at https://claimsfiler.com/cases/nyse-cxm/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Sprinklr and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On June 5, 2024, the Company disclosed disappointing financial news including significantly reduced growth expectations, cutting fiscal year 2025 projections an additional three percent, down to 7% annual growth, due to reduced customer retention in the Company’s core business and macro headwinds.

    On this news, the price of Sprinklr’s shares fell from a closing price of $10.84 per share on June 5, 2024 to $9.20 per share on June 6, 2024, a decline of more than 15% in the span of one day.

    The case is Boshart v. Sprinklr, Inc., No. 24-cv-06132.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: LULULEMON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Lululemon Athletica Inc. – LULU

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 7, 2024 to file lead plaintiff applications in a securities class action lawsuit against Lululemon Athletica Inc. (the “Company”) (NasdaqGS: LULU), if they purchased the Company’s securities between December 7, 2023 and July 24, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

    Get Help

    Lululemon investors should visit us at https://claimsfiler.com/cases/nasdaq-lulu-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Lululemon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    The alleged false and misleading statements and omissions include, but are not limited to, that: (1) the Company was struggling with inventory allocation and color palette execution issues; (2) as a result, the Company’s Breezethrough product launch underperformed and the Company was experiencing stagnating sales in the Americas region; and (3) as a result of the foregoing, the Company’s positive statements about the its business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

    The case is Patel v. Lululemon Athletica Inc., et al., No. 24-cv-06033.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –