Category: Asia Pacific

  • MIL-OSI Asia-Pac: Union Minister Sh. Nitin Gadkari Reviews Progress of 29 NH Projects in Nagaland, Stresses on Accelerated Infrastructure Development

    Source: Government of India

    Posted On: 22 OCT 2024 12:35PM by PIB Delhi

    Union Minister for Road Transport and Highways, Shri Nitin Gadkari reviewed National Highways of Nagaland on 21.10.2024 in presence of Nagaland Deputy CM Shri T R Zeliang and both the MoS for Road Transport & Highways Sh. Ajay Tamta and Sh. Harsh Malhotra. He informed through a post on X, which reads as,

    “Reviewed the progress of 29 NH projects covering 545 km in Nagaland alongside Union MoS Shri Ajay Tamta Ji, Shri H D Malhotra Ji, Nagaland Deputy CM Shri T R Zeliang Ji, and senior officials in Delhi. During the meeting, we stressed the need to accelerate mobility infrastructure development in Nagaland, prioritizing sustainability and cost-efficiency. These initiatives will greatly enhance connectivity, drive local economic growth, and contribute to the region’s deeper integration into India’s overall development.”

    Sh. Gadkari wrote in another post on X, “Nagaland’s highways are transforming into lifelines of growth, driven by PM Shri Narendra Modi Ji’s vision. A future of connectivity, prosperity, and progress unfolds with every new road.”

    Union Minister for Road Transport and Highways, Shri Nitin Gadkari, reviewed  National Highways of four North-Eastern states on Day 1 of review of NH in New Delhi on 21.10.2024. He posted a video on review through X which is reproduced as below: –

    Review Meetings of the North-East region National Highway Projects (Day-1)

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  • MIL-OSI Asia-Pac: Ministry of Coal Unveils Report of the High-Powered Expert Committee on Gainful Utilization of Overburden (OB) in the Coal Sector

    Source: Government of India (2)

    Posted On: 22 OCT 2024 1:04PM by PIB Delhi

    In a significant move towards sustainability and efficient natural resource management, Union Minister of Coal & Mines, Shri G. Kishan Reddy today unveiled the Report of the High-Powered Expert Committee (HPEC) on Gainful Utilization of Overburden (OB) in the Coal Sector during the Half-Yearly Review of the Coal Sector at Sushma Swaraj Bhawan, New Delhi. The event was graced by the presence of Union Minister of State for Coal & Mines, Shri Satish Chandra Dubey, Secretary, Ministry of Coal, Shri Vikram Dev Dutt, senior officials from the Ministry of Coal and CMDs of Coal/Lignite PSUs.

    The HPEC comprised multi-disciplinary experts from five central ministries, NITI Aayog, and coal companies. The committee was tasked with identifying innovative ways to utilize overburden, which consists of soil, rock, and minerals, traditionally discarded as waste during coal mining operations.

    The report outlines a comprehensive framework for using OB as a valuable resource. Historically seen as waste, OB is now being positioned as an asset with the potential to contribute significantly to environmental sustainability, economic development and create employment opportunities for local communities. The HPEC report advocates for a ‘Whole Mining’ approach that aims to integrate overburden into the economic value chain, contributing to sustainable mining practices.

    Key highlights of the report include strategies for processing OB to produce Manufactured-Sand (M-Sand), which can be used in construction projects, reducing the dependency on river sand and preventing environmental degradation. The commercial sale of this M-sand is expected to generate significant revenue for coal companies, and support local economies.

    The HPEC report anticipated several key benefits for coal communities. Processing OB to produce M-Sand not only generates significant revenue for coal companies but also supports local economies by offering cheaper, high-quality sand for construction. Establishing OB-to-sand processing plants will create jobs, boosting livelihoods in coal mining areas. Effective OB utilization, reclaims land for productive uses like agriculture or infrastructure by reducing the need for OB dumps. By decreasing dependence on river sand for construction industries, OB processing also protects ecosystems from erosion and degradation. Additionally, OB contains valuable resources such as clay, limestone, and rare earth elements, which can support infrastructure development and other industries. Several successful pilot plants have demonstrated the viability of this initiative, contributing to environmental sustainability and fostering community engagement, trust, and well-being.

    In a significant step towards promoting a circular economy and turning waste into wealth, Coal/Lignite PSUs have commissioned four OB processing plants and five OB-to-M-sand pilot plants. Additionally, six more OB processing and OB-to-M-sand plants are currently in various stages of installation within the Coal/Lignite PSUs.

    Amlohri Plant, NCL, Singrauli, Madhya Pradesh

    The launch of this report marks a crucial step in the coal sector’s journey towards a circular economy, where waste is minimized, and resources are maximized. The Ministry of Coal, in collaboration with various stakeholders, is committed to implementing the recommendations of the HPEC report, with a focus on benefiting the environment, the economy, and the communities surrounding coal mining regions, in line with India’s broader goals of achieving environmental sustainability and resource efficiency.

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  • MIL-OSI Asia-Pac: Coal India arm SECL Advances Its Digital Push During Special Campaign 4.0

    Source: Government of India (2)

    Posted On: 22 OCT 2024 1:55PM by PIB Delhi

    South Eastern Coalfields Limited (SECL), Coal India’s second-largest subsidiary, has made significant strides in its digital transformation as part of the Special Campaign 4.0. With a focus on innovation, inclusivity, and operational efficiency, SECL has introduced a series of digital initiatives to streamline processes, enhance collaboration, and foster a culture of continuous learning within the organization. 

    CMD Dashboard: A Unified Platform for Task Monitoring and Collaboration 

    SECL’s CMD Dashboard is a comprehensive online platform designed to monitor various tasks and projects across SECL’s headquarters and operational areas. The dashboard enables users to raise requirements with any department and track their requests in real-time. It provides an overview of new, in-progress, and delayed tasks, fostering greater transparency, collaboration, and efficiency across SECL’s inter-company operations.

    Digital Land Acquisition Process with LAMS 

    SECL has also digitalized its land acquisition process through the Land Acquisition Management System (LAMS), which simplifies and expedites the traditionally complex land acquisition procedures. Notably, Khodri village, under the Kusmunda megaproject, has become one of the first villages to complete an end-to-end digital land acquisition using LAMS.

    Abhimanyu E-Learning Platform: Fostering a Culture of Knowledge and Skill Development 

    Following the successful launch of the Abhimanyu E-magazine last year, which promoted knowledge sharing among SECL employees, SECL is now introducing the Abhimanyu E-learning Platform. This platform offers employees an online space for collective learning, knowledge-sharing and skill development enhancing their professional development.

    Online Grievance Redressal: Enhancing Citizen-Centric Services 

    In line with Special Campaign 4.0’s focus on citizen-centric practices, SECL is proactively advancing its online grievance redressal systems. With no pending grievances over 30 days, the company has streamlined its complaint resolution process, ensuring quicker redressal.

    Driving Digital Transformation with In-House Web Apps

    SECL has also developed various in-house web applications to drive its digital transformation. Key apps include CSR app, which tracks corporate social responsibility initiatives; Chirayu app, which facilitates seamless medical referrals and the Vidhik app, which provides an overview of legal matters. These platforms reflect SECL’s commitment to creating tailor-made, efficient digital solutions that meet the unique needs of its workforce and operations.

    Through these initiatives, SECL is advancing its digital push, contributing to the overall vision of a digitally empowered Coal India. Special Campaign 4.0 has been a catalyst in SECL’s journey toward greater innovation, transparency, and operational excellence.

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  • MIL-OSI Asia-Pac: PRESIDENT OF INDIA PRESENTS NATIONAL WATER AWARDS

    Source: Government of India (2)

    Posted On: 22 OCT 2024 1:56PM by PIB Delhi

    The President of India, Smt. Droupadi Murmu presented the fifth National Water Awards in New Delhi today (October 22, 2024).

    Speaking on the occasion, the President said that water is a basic necessity and a fundamental human right for every individual. A clean and prosperous society cannot be built without ensuring access to clean water. The unavailability of water and poor sanitation have a greater impact on the health, food security and livelihood of the underprivileged.

    The President said that despite the well-known fact that fresh water resources are available in limited quantities on earth, we ignore water conservation and management. These resources are getting polluted and depleted due to manmade reasons. She was happy to note that the Government of India has taken many steps to promote water conservation and water harvesting.

    The President said that water conservation is part of our tradition. Our ancestors used to build ponds near villages. They used to build reservoirs in or near temples so that the stored water could be used in case of water shortage. Unfortunately, we are forgetting the wisdom of our ancestors. Some people have encroached upon reservoirs for personal gain. This not only affects the availability of water during drought but also creates flood-like situations when there is excessive rainfall.

    The President stressed the need to remember that conservation and enhancement of water resources is the collective responsibility of all. Without our active participation, it is not possible to build a Water-Secure India. She highlighted that we can make significant contributions through small efforts. For example, we should not leave the taps of our houses open, keep in mind that water does not overflow from the overhead water tank, make water-harvesting arrangements at homes, and collectively renovate traditional water reservoirs.

    The President said that the National Water Awards is a commendable step towards promoting relevant approaches and actions towards water resources. She expressed confidence that the “Best Practices” of the awardees would reach the masses through this event.

    The National Water Awards aim to create awareness among the people about the importance of water and motivate them to adopt the best water usage practices. The fifth National Water Awards were presented in nine categories – Best State, Best District, Best Village Panchayat, Best Urban Local Body, Best School or College, Best Industry, Best Water User Association, Best Institution (other than school or college), and Best Civil Society.

    Please click here to see the President’s speech – 

     

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  • MIL-OSI Asia-Pac: Bharat Tex 2025 gains international momentum:

    Source: Government of India (2)

    Bharat Tex 2025 gains international momentum:

    Ministry of Textiles organises interaction session with over 30 Countries

    Bharat Tex 2025 to focus on scale, sustainability and skills

    India is looking at a shared future, a future that is sustainable, equitable and prosperous for all of us: Shri Pabitra Margherita

    Posted On: 22 OCT 2024 2:07PM by PIB Delhi

    Ministry of Textiles organized an interactive Session with Foreign Missions in India for Bharat Tex 2025 at Sushma Swaraj Bhawan, New Delhi yesterday. The event saw participation from over 30 Foreign Missions in India namely Australia, Azerbaijan, Brazil, Colombia, Chile, Denmark, Egypt, Finland, Indonesia, Italy, Kazakhstan, Kenya, Lesotho, Montenegro, Malaysia, Mongolia, Mexico, Peru, Philippines, Republic of Korea, Russia, Sri Lanka, Somalia, Taiwan, Togo, Thailand, Uzbekistan and Vietnam.

    Union Minister of State for External Affairs and Textiles, Shri Pabitra Margherita graced the event as the Chief Guest. The session was also attended by Secretary, Ministry of Textiles, Ms. Rachna Shah; Special Secretary, Ministry of External Affairs, Shri P. Kumaran; Additional Secretary, Ministry of Textiles, Shri Rohit Kansal; Trade Advisor, Ministry of Textiles, Ms. Shubhra; industry leaders and officials.

    Speaking on the occasion, the Minister invited the ambassadors and representatives of various countries to proactively participate in Bharat Tex 2025. Describing it as the largest and the most comprehensive textiles event ever, he described Bharat Tex as a unique effort to bring the entire value chain of textiles under one roof. He highlighted the entrepreneurial spirit of the Indian textile industry in finding innovative solutions for the challenges posed by the global textile industry. He underlined that Bharat Tex will reaffirm the attractiveness of India as a reliable, sustainable sourcing destination as well as an investment destination at a large scale for textiles. The sector has the potential to provide large scale employment across the value chain and touch the lives of people across all social spheres. With innovation, collaboration, and the Make in India spirit at its core, this event is an embodiment of the 5F vision of the Prime Minister- Farm to Fibre to Factory to Fashion to Foreign, he added.

     

    Ms. Rachna Shah also highlighted the role of Bharat Tex in the Global Textiles Industry. She invited the attendees to participate as a Partner Country in the mega textile global event. Further she emphasised on India’s focus on the Textiles sector with strong policy support backed by various incentives and schemes including PLI and PM-MITRA Parks.  

    Bharat Tex is a mega global textiles event being organized by a consortium of Textile Export Promotion Councils (EPCs) and supported by the Ministry of Textiles. Scheduled to be held from February 14 to 17, 2025 BHARAT TEX 2025, is positioned as a global scale textile trade fair and knowledge platform. The event will be held simultaneously at two state of the art venues: Bharat Mandapam, New Delhi and India Expo Centre and Mart, Greater Noida. While the main event will be held from February 14-17 at the Bharat Mandapam and will cover the entire value chain of textiles, exhibitions pertaining to handicrafts, garment machinery and ethnic apparel will be held from February 12 to 15 at the India Expo Centre and Mart, Greater Noida.

    Bharat Tex 2025 aims to build on the resounding success of the first edition in 2024. Built around the twin themes of resilient global value chains and sustainability, this year’s show promises to be even more vibrant and attractive than the first edition, attracting top policymakers, global CEOs, international exhibitors, and global buyers. A record number of over 5,000 Exhibitors, 6,000 international buyers from over 110 countries and over 1, 20,000 visitors are expected to participate in this year’s event.

    The Bharat Tex 2025 exhibition will feature dedicated pavilions for Apparel, Home Furnishings, Floor Coverings, Fibres, Yarns, Threads, Fabrics, Carpets, Silk, Handlooms, Handicrafts, Technical Textiles, Apparel Machinery, Dyes & Chemicals and many more. It will also have a retail High Street focusing on India’s fashion retail market opportunities.

    The textile mega event will also provide a platform for global textiles dialogue covering conference, seminars, CEO roundtables, and B2B and G2G meetings across various key topics such as Industry 4.0, Sustainability, Global Value Chain, Investment, Trade among other areas.

    Attendees can look forward to live demonstrations, cultural events, and fashion presentations, designer and brand exhibitions and sustainability workshops, and expert talks. Bharat Tex 2025 aims to serve as a unique and consolidated platform to showcase India’s full textile value chain, while highlighting its strengths in fashion, traditional crafts, and sustainability initiatives.

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  • MIL-OSI Asia-Pac: MOHUA enhancing efficiency in addressing pending matters under Special Campaign 4.0

    Source: Government of India

    Posted On: 22 OCT 2024 3:33PM by PIB Delhi

    The Ministry of Housing and Urban Affairs (MoHUA) is actively participating in the Special Campaign for Disposal of Pending Matters (SCDPM) 4.0. by enhancing efficiency in addressing pending matters and promoting the upkeep and beautification of urban spaces. This initiative, organized in collaboration with its attached and subordinate offices, as well as Public Sector Undertakings (PSUs), is now in Implementation Phase i.e. from October 2 to October 31, 2024.

    The SCDPM aims to systematically address and dispose of pending references across various categories, including Member of Parliament (MP) references, Prime Minister’s Office (PMO) references, VIP and Cabinet references, State Government references, and CPGRAM matters, ensuring timely resolution.

    This effort aligns with the vision of our Hon’ble Prime Minister for a ‘Swachh Bharat’. MoHUA plays a crucial role in this cleanliness drive, given its responsibilities in construction, maintenance, and the upkeep of government offices and residential complexes, where the results of cleanliness and the reduction of pending issues are most visible.

    This year, the campaign is focusing on field and outstation offices that are responsible for service delivery or have public interfaces. The Central Public Works Department (CPWD) is providing full support and assistance for this special drive. By prioritizing the disposal of pending matters and beautifying our surroundings, MoHUA aims to foster a healthier and more attractive environment for everyone.

    The Ministry is involving all stakeholders to participate actively in this campaign, reinforcing our commitment to transparency, efficiency, and cleanliness in public service. So far, 8120 out of 21088 files have been reviewed, 3488 out of 3697 files have been weeded out, cleanliness drives have been conducted on 227 sites, Rs 2263879 revenue has been generated till date and 13437 sq feet space has been freed.

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  • MIL-OSI Asia-Pac: DoPPW to conduct Nationwide Digital Life Certificate Campaign 3.0 from 1st to 30th November, 2024

    Source: Government of India

    DoPPW to conduct Nationwide Digital Life Certificate Campaign 3.0 from 1st to 30th November, 2024

    Camps to be held at 800 Districts/Cities across the country, Largest ever DLC Campaign

    To promote Digital Empowerment of Pensionersusing face authentication technology

    Saturation model adopted to achieve 2 crore DLCs with 1 crore Face Authenticated DLCs

    19 Banks, 785 District Post offices, 57 Welfare Associations, MeitY & UIDAI teams, CGDA to collaborate in the month-long campaign

    Posted On: 22 OCT 2024 2:46PM by PIB Delhi

    Pensioners have to submit Life Certificate every year in the month of November for continuation of pension. DoPPW will be conducting the 3rd Nation-wide Digital Life Certificate campaign which will be held in 800 cities/ Districts across India from November 1-30, 2024. The department has notified the guidelines through O.M. dated 9th August, 2024. 

    The Campaign will be held in collaboration with Pension Disbursing Banks, India Post Payments Bank, Pensioners’ Welfare Associations, CGDA, DoT, Railways, UIDAI & MeitY with the aim of touching all the pensioners in remotest corners of the country.

    The DLC Campaign 2.0 was held at 597 locations in 100 cities in November, 2023 under which a total of 1.47 crore DLCs were generated, of which, 45.46 lakh were of Central Government Pensioners. 25.41 lakh DLCs were generated using Face Authentication technique and more than 30,500 pensioners above 90 years of age availed the benefit of DLCs.

    The preparatory phase for the forthcoming campaign has been commenced by holding extensive outreach meetings with all stakeholders. Dedicated DLC portal has been created with mapping of 800 Districts, 1900 camp locations and 1000 nodal officers. Trainings have been scheduled in a phased manner for all nodal officers.

    IPPB will be holding Camps at 785 districts through its vast network of 1.8 lakh postmen and Gramin Dak Sewaks. IPPB provides doorstep DLC services. This facility will be available to all the categories of Pensioners across the country irrespective of the fact their pension accounts are in different bank.In order to avail “Doorstep service for submission of DLC” through IPPB, pensioners can get detailed information on ippbonline.com. All postmen and Gramin Dak Sewaks are well equipped with mobile phones which will be used for DLC generation through Finger biometric & Face Authentication techniques.

    19 Pension Disbursing Banks will also hold camps at 150 cities at more than 750 locations. Visits will be made to the homes/hospitals for aged/disabled/sick pensioners, thus affording them the ease of digitally submitting life certificates.These steps are aimed at ensuring that all pensioners benefit from the Campaign and is particularly helpful to the super senior pensioners.

    57 Pension Welfare Associations, registered with DoPPW, will play a crucial role in the campaign by organizing camps and also mobilizing pensioners for the camps which will be held by IPPB and Pension Disbursing Banks.

    This year the focus will be on promoting Face Authentication Technology. MeitY and UIDAI will provide full technical support during this Campaign. Face Auth has been made more seamless and convenient for the elderly Pensioners.

    DD, AIR and PIB teams are fully geared up to provide full support to this campaign for Audio, Visual and Print publicity. Outreach efforts will be further complemented by SMSs, tweets (#DLCCampaign3), Jingles and Short films to spread awareness about the campaign.

    This will be the largest ever digital empowerment campaign and seeks toachieve maximum outreach to all the categories of  the Pensioners.

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  • MIL-OSI Asia-Pac: Towards more precise atomic clocks useful for navigation, Telecommunication & Aviation

    Source: Government of India

    Posted On: 22 OCT 2024 3:43PM by PIB Delhi

    A team of experimentalists working with cold Rydberg atoms have used Quantum magnetometry to help the atomic clocks and magnetometers used for precise time keeping in navigation, telecommunication and aviation, achieve higher precision and make them additionally robust.

    A Rydberg atom is an excited atom with one or more electrons that have a very high principal quantum number. This state of excitation is measured with a spectroscopic method called the Electromagnetically Induced Transparency (EIT).

    Researchers at the Raman Research Institute (RRI) have leveraged the Doppler effect to their advantage and achieved a ten times enhanced response to the magnetic field while performing quantum magnetometry (phenomenon exploiting the quantum nature of light and atoms for precision measurement of magnetic fields) on thermal rubidium atoms using Rydberg Electromagnetically Induced Transparency (EIT) in a room temperature-based environment.

    Electromagnetically Induced Transparency (EIT) is a fascinating phenomenon which makes an opaque medium transparent, can slow down light pulses to crawling speeds and even trap light inside atomic media. EIT has led to a myriad important applications in precise atomic clocks, atomic magnetometers and quantum computation. EIT generally occurs in a three-level atomic system involving two atomic transitions addressed by a weak probe laser beam and a strong coupling laser beam.

    Scientifically, interference occurs when a wave is able to travel between two points via multiple paths, either resulting in their enhancement or cancellation. On similar lines, an atom can transition between multiple quantized energy levels by different routes that can interfere. This determines the amount of light an atom absorbs.

    Similar to interference of light, where constructive interference gives bright fringes and destructive interference gives dark fringes, the probabilities of atomic transitions between these energy levels can also interfere destructively, known as quantum interference. It can result in atoms in a dark state to not absorb the probe light and thereby render the atomic medium transparent. This phenomenon is called Electromagnetically Induced Transparency (EIT).

    Deploying Rydberg EIT, the researchers detected atoms in their highly excited (Rydberg) states. Rydberg Electromagnetically Induced Transparency has a Rydberg state as one of the energy levels involved in the EIT process. Rydberg EIT signals were used to measure the response of the Rydberg atoms to the external magnetic field.

    “When the Rydberg EIT was observed in an unconventional configuration of the probe and the coupling beam, where the Doppler shift was not compensated, an enhanced response to the magnetic field was observed. It is the Doppler shift which causes a larger response of the Rydberg EIT signal to an externally applied magnetic field,” said Dr. Sanjukta Roy, Head of Quantum Optics with Rydberg Atoms Lab (QuORAL) at RRI, an autonomous institute of the Department of Science and Technology (DST).

    Generally, Doppler shift is perceived as the change in frequency of a wave by a moving observer. When a laser beam flashes on atoms, their thermal motion leads to a Doppler shift – an atom moving towards the laser beam sees a higher frequency, whereas one moving away sees a lower frequency. This effect is generally assumed to be detrimental to sensing.

    The experimentalists, in the paper published recently in the New Journal of Physics, have demonstrated and successfully harnessed the quantum effects at room temperature by effectively using this Doppler effect to their advantage. They have also explained their experimental observations using theoretical modeling and simulations in collaboration with Dr. Shovan Dutta, Theoretical Physics group, RRI.

    “Magnetic fields alter the energy levels. In its presence, the energy levels get shifted by different amounts, producing multiple transmission peaks whose separation can be used to measure the magnetic field,” said Shovan Kanti Barik, a PhD student at RRI and lead author of the paper titled ‘Doppler-Enhanced Quantum Magnetometry with Thermal Rydberg atoms’.

    Cryogenically-cooled superconducting devices are useful for sensing ultra-weak magnetic fields.

    “But our experiment in room-temperature vapor-cell can be conveniently deployed for various practical applications. This was made possible due to the simplified experimental system and non-requirement of atom cooling or ultra-high vacuum. This implies that our results have promising applications for detecting weak magnetic fields in a convenient-to-use room-temperature setup,” Roy added.

    Such Doppler-enhanced quantum Magnetometry offers a wide variety of applications ranging from geophysics to the detection of brain activity and mineralization to space explorations and archaeology.

    Experimental set-up used for the observation of Doppler-Enhanced Quantum magnetometry with Rydberg atoms                                                                                                                                                           

     

     

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  • MIL-OSI Video: Ukraine: 97 percent of prisoners provided accounts of torture – DPPA Briefing | United Nations

    Source: United Nations (Video News)

    Briefing by Miroslav Jenča, Assistant Secretary-General for Europe, Central Asia and Americas, Departments of Political and Peacebuilding Affairs and Peace Operations, on Maintenance of peace and security of Ukraine.

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    Briefing the Security Council Miroslav Jenča, Assistant Secretary-General for Peace Affairs said, “widespread and systematic reports of torture of Ukrainian prisoners of war remains a grave concern. 97 percent of Ukrainian prisoners interviewed by OHCHR since March 2023 provided consistent and detailed accounts of torture or ill-treatment during captivity. 68 percent reported sexual violence.”

    Jenčan also highlighted the civilian toll of Russia’s invasion of Ukraine, citing data from the Office of the High Commissioner for Human Rights (OHCHR). Jenča said, “since the start of Russia’s full-scale invasion of Ukraine in February 2022, launched in violation of the UN Charter and international law, 11,973 civilians, including 622 children, have been killed. 25,943 people, including 1,686 children, have been injured.

    He also raised concerns about renewed attacks on Ukrainian Black Sea ports, which have damaged six civilian vessels and grain infrastructure since September. “Wheat prices have increased more than six percent between 1 September and 14 October,” he noted, attributing the spike to these attacks.”

    https://www.youtube.com/watch?v=TJD7EfGlJqs

    MIL OSI Video

  • MIL-OSI Video: Quantum technology will impact peace & security in many significant ways – Security Council Briefing

    Source: United Nations (Video News)

    Briefing by Robin Geiss, The Director of the United Nations Institute for Disarmament Research, on anticipating the impact of scientific developments on international peace and security, during the Security Council, 9753rd meeting.

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    The Director of the United Nations Institute for Disarmament Research, Robin Geiss, today (21 Oct) told the Security Council that as the scientific and technological landscape evolves at a “blistering pace, we often lack a clear sense of what is being developed, by whom, and with which resulting impacts, including for international peace and security.”

    Geiss, briefing a Council meeting on “anticipating the impact of scientific developments on international peace and security,” said “within the next 5 to 10 years, quantum technology will impact peace and security in many significant ways.”

    First, he said, “it will disrupt information and communication security by making traditional encryption techniques ineffective and therefore obsolete.”

    Second, he continued, “quantum sensors will enable the detection of objects underground or underwater, revolutionizing warfare, on the one hand, and monitoring and verification efforts, on the other.”

    Finally, Geiss added, “quantum computing will unlock a new era for AI by enabling computation of models that cannot currently be run on even the most powerful computers.”

    Also briefing the Council, the President of the Foundation Council (DCAF) at the Geneva Centre for Security Sector Governance, Amin Awad called on member states to “act with courage and foresight to ensure that emerging technologies fulfil their promise to advance global peace and security.”

    Awad said, scientific advancements in neurotechnology, synthetic biology, artificial intelligence and quantum computing are already reshaping our world,” and added that “no effort should be spared to ensure these developments are for the benefit of human and not for evil.”

    For her part, Japan’s Ambassador for Science and Technology, Kaji Misako, said, “the world must join forces to support innovation while properly mitigating the risks and misuse of emerging technologies,” and noted that Japan “has led the international discussion on the governance of advanced AI systems to achieve safe, secure, trustworthy AI, including through the Hiroshima AI process, launched in May 2023.”

    Speaking to reporters outside the Council before the briefing, Swiss Ambassador Pascale Christine Baeriswyl, joined by her Sierra Leonian and Slovenian counterparts, said “rapid scientific advances can accelerate the realization of the aspirations of the United Nations across all three pillars of its work sustainable development, human rights, as well as peace and security. We intend to prepare the Council for the future to act early and manage uncertainty. To that end, we will seek expert advice and collaborate with academic and research institutions to provide the Council with the needed evidence based information.”

    Council members are currently negotiating a draft presidential statement proposed by Switzerland in connection with today’s meeting on the impacts of scientific developments on peace and security.

    https://www.youtube.com/watch?v=wAgZ5tiWfsk

    MIL OSI Video

  • MIL-OSI Global: Standing desks are bad for your health – new study

    Source: The Conversation – UK – By Jack McNamara, Senior Lecturer in Clinical Exercise Physiology, University of East London

    The global market for standing desks is booming, projected to reach US$12.6 billion by 2032 (£9.7 billion). These desks have been hailed as a simple fix for the health risks associated with sitting all day. However, recent research suggests that standing might not be the health booster many hoped for.

    A new study from Australia involving over 83,000 participants found that prolonged standing may not improve heart health and could even increase the risk of certain circulatory problems.

    Researchers discovered that standing for extended periods did not reduce the risk of heart disease and stroke. In fact, spending too much time either sitting or standing was linked to a higher risk of problems such as varicose veins and feeling dizzy or lightheaded when you stand up.

    The phrase “sitting is the new smoking” has become popular in the past decade, highlighting the dangers of a sedentary lifestyle. Prolonged sitting has been associated with obesity, diabetes and cardiovascular diseases. In response, standing desks emerged as a trendy solution, offering a way to reduce sitting time without drastically changing daily routines.

    But was there solid evidence to support the benefits of standing desks?

    Much of the enthusiasm was based on limited studies that didn’t comprehensively assess long-term health consequences. This gap in knowledge prompted researchers to investigate further.

    In the new study, participants wore devices to track their sitting, standing and physical activity over several years. This objective measurement provided accurate data, reducing the inaccuracies often found in self-reported information. The researchers found that sitting for more than ten hours a day was associated with a higher risk of heart disease and stroke.

    However, simply standing more didn’t mitigate this risk. In fact, standing for extended periods was linked to an increased risk of circulatory problems.

    Prolonged standing can cause blood to pool in the legs, leading to conditions such as varicose veins.

    The study’s large sample size and use of objective data strengthen the reliability of these findings. However, as an observational study, it cannot definitively establish cause and effect. Also, the average age of participants was around 61 years, which may limit how these results apply to younger people.

    Standing for long periods can increase the risk of varicose veins.
    sutulastock/Shutterstock

    Movement is key

    These findings suggest that simply swapping sitting for standing isn’t a perfect solution. Our bodies respond better to regular movement rather than static positions, whether that’s sitting or standing.

    Incorporating short walks, stretching or light exercises throughout the day can interrupt long periods of inactivity and offer significant health benefits.

    Workplace interventions promoting movement have shown promise. Researchers found that office workers who reduced their sitting time by adding periods of standing and light activity saw improvements in blood sugar levels and other health markers.

    Another study indicated that alternating between sitting and standing, combined with brief walks, was more effective for health than standing alone.

    Sit-stand desks, designed to facilitate easy position changes, offer a promising solution. They promote frequent posture changes and can alleviate discomfort associated with prolonged static positions. Some models even feature reminders to encourage regular movement, integrating activity into the workday.

    Getting more physical activity into our lives doesn’t have to be complex. Simple actions such as taking the stairs, walking to a colleague instead of emailing, or standing during phone calls can all contribute. Setting a timer to remind you to move every 30 minutes can help break up long periods of sitting or standing, empowering you to take control of your health.

    Movement is key. Standing all day isn’t necessarily better than sitting – both have drawbacks when overdone. By focusing on regular physical activity and varying our positions, we can better address the health challenges posed by sedentary lifestyles. Small changes, such as taking short active breaks or incorporating stretching exercises, can make a significant difference.

    Ultimately, while standing desks offer an alternative to prolonged sitting, they shouldn’t be seen as a complete solution. Embracing a more active lifestyle, both in and out of the office, is likely to yield the greatest health benefits. It’s not just about standing or sitting; it’s about moving more and sitting less.

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

    ref. Standing desks are bad for your health – new study – https://theconversation.com/standing-desks-are-bad-for-your-health-new-study-241687

    MIL OSI – Global Reports

  • MIL-OSI Economics: Top 25 global banks navigate market shifts with 4% gain in MCap in Q3 2024, reveals GlobalData

    Source: GlobalData

    Top 25 global banks navigate market shifts with 4% gain in MCap in Q3 2024, reveals GlobalData

    Posted in Business Fundamentals

    The aggregate market capitalization (MCap) of the top 25 global banks went up by 4% to $4.27 trillion quarter-on-quarter (QoQ) during the third quarter (Q3) ended 30 September 2024. This growth was fueled by interest rate cuts from several central banks, including the US Federal Reserve and the European Central Bank, alongside stronger-than-expected US economic performance, according to GlobalData, a leading data and analytics company.

    Royal Bank of Canada (RBC) and Bank Central Asia (BCA) stocks recorded over 15% growth, while Charles Schwab saw a decline of nearly 12% in market value. JPMorgan Chase retained its position as the most valuable bank for the tenth consecutive quarter, reflecting resilient performance amidst evolving economic landscapes.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “The third quarter of 2024 concluded with healthy returns across most major asset classes, despite periods of market turbulence. Early August saw stocks come under pressure, driven by weaker US economic data, an interest rate hike by the Bank of Japan, and thin summer trading volumes. However, the Federal Reserve’s much-anticipated rate cuts in September, combined with a softer stance from Japanese policymakers and fresh stimulus measures in China, helped ease investor concerns and fuel a strong stock market rally by the end of the quarter.”

    As inflation eased and economic activity remained subdued, several other Western central banks followed suit in cutting rates. The European Central Bank implemented its second-rate reduction in September, lowering interest rates to 3.5%. Similarly, the Bank of England commenced its own easing cycle, introducing a 25-basis point cut during its August meeting.”

    In Q3 2024, RBC’s stock value surged 17.2%, driven by a 17% increase in earnings from its personal and commercial banking segment, which reached CAD2.49 billion ($1.80 billion), including a CAD198 million boost from its CAD13.5 billion acquisition of HSBC’s domestic operations. RBC’s overall profit rose 16% to CAD4.5 billion, surpassing expectations. Similarly, BCA’s market value climbed 15.1%, ending the quarter with a market cap of $83.3 billion, fueled by strong quarterly results and optimism about future performance.

    JPMorgan Chase reinforced its global leadership with a 22% rise in net revenue to $50.2 billion, largely driven by a 41% increase in net interest income and gains from Visa shares.

    Meanwhile, Charles Schwab’s market cap fell to $118.6 billion due to reduced interest revenue and regulatory scrutiny, partly linked to its cash sweep program financing the 2020 TD Ameritrade acquisition.

    Overall, for the nine months ended Sept 2024, Wells Fargo lost $13 billion in market value due to persistent regulatory challenges stemming from past scandals and inconsistent earnings performance. The bank is working to lift a $1.95 trillion asset cap imposed by the Federal Reserve. Recent assessments revealed insufficient safeguards against money laundering has limited its ability to expand in deposit intake and trading.

    Grandhi concludes: “As the Fed begins its easing cycle, Q4 2024 market focus will shift to the US elections, with the outcome likely to have an impact on the country’s fiscal policy, debt, and trade, especially tariffs. Potential policy changes could stoke inflation, while escalating geopolitical risks may hit consumer confidence and trigger market selloffs, driving investors toward safer assets amidst global uncertainty.”

    MIL OSI Economics

  • MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The National Co-operative Bank Ltd., Bangalore – Extension of Period

    Source: Reserve Bank of India

    The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The National Co-operative Bank Ltd., Bangalore vide Directive No. BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24, 2023, for a period of six months up to close of business on January 24, 2024, as modified from time to time which were last extended up to close of business on October 24, 2024 vide Directive DOR.MON/D-34/12-23-112/2024-2025 dated July 22, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on October 24, 2024.

    2. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on October 24, 2024, to close of business on January 24, 2025, subject to review.

    3. All other terms and conditions of the Directive under reference shall remain unchanged.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1352

    MIL OSI Economics

  • MIL-OSI China: Deputy Governor Xuan Changneng Moderates the Lecture Given by BOK Governor Rhee Chang Yong

    Source: Peoples Bank of China

    At the invitation of the People’s Bank of China (PBOC), Governor of Bank of Korea Rhee Chang Yong gave a lecture entitled “Monetary Policy in Practice: Applying a Dose of Integrated Policy Framework and Forward Guidance”, and answered questions from the PBOC and the State Administration of Foreign Exchange staff. Deputy Governor Xuan Changneng moderated the lecture.

    Date of last update Nov. 29 2018

    2024年10月22日

    MIL OSI China News

  • MIL-OSI USA: American Bar Association Offers Free Legal Aid to Hurricane Helene Survivors in South Carolina

    Source: US Federal Emergency Management Agency 2

    ree legal assistance is available to disaster survivors in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation who were affected by Hurricane Helene in South Carolina. 
    If you need help, you can call (803) 799-6653 ext. 120 or (803) 576-3815 8:30 a.m. — noon; 1:00 — 4:30 p.m. ET, Monday through Friday. If after business hours, survivors can leave a message. The hotline is available to connect survivors to free legal services in qualifying counties who cannot afford an attorney.
    Legal Aid may be able to help survivors in the following ways: 

    FEMA and SBA financial benefits.
    Home repair contracts and property insurance claims.
    Re-doing wills and other important legal documents destroyed in the disaster.
    Price gouging, scams or identity theft.
    Landlord or tenant problems, or threats of foreclosure.
    Disability-related access to federal, state and local disaster programs.

    The Disaster Legal Services program works with state and local partners to provide free legal help for low-income disaster survivors. The service is a partnership between the American Bar Association Young Lawyers Division, FEMA, and various organizations and volunteer attorneys. 
    Hotline partners cannot help in all cases. For example, the Disaster Legal Services program cannot take cases where a settlement could include legal fees or an award, but DLS can refer those cases to other legal help.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Director of Health attends WHO Western Pacific Regional Committee meeting (with photos)

    Source: Hong Kong Government special administrative region

         The Director of Health, Dr Ronald Lam, is leading a delegation from the Department of Health (DH) to attend the meeting of the 75th session of the World Health Organization (WHO) Regional Committee for the Western Pacific in Manila, the Philippines.
             
         The Regional Committee meeting (RCM) is set up to formulate policies, provide oversight for regional programmes and their progress; consider and endorse new initiatives and adopt resolutions and make decisions that guide the Regional Office’s work for the coming year. This year, the theme of the RCM is “Weaving Health for Families, Communities and Societies in the Western Pacific Region”. In recent years, the Western Pacific region has been facing a series of public health challenges, including ageing population, increased burden on non-communicable diseases (NCDs) and communicable diseases, mental health, health security threats, climate change, digital health, and oral health. At the meeting this year, which is being held from October 21 to 25, member states and areas will exchange views, explore collaboration and pass resolutions on the above issues. Five visions of weaving health, namely transformative primary care for universal health coverage, climate-resilient health systems, resilient communities, societies and health systems for health security, healthier people throughout the life course, and technology and innovation for future health equity, have been endorsed by the RCM to address the above challenges.
             
         Speaking at the agenda item of the Address by and Report of the Regional Director, Dr Lam said, “Hong Kong, China noted the Report of the Regional Director, and will fully support the newly defined five visions of weaving health. While we are enjoying one of the best health indices in terms of life expectancies, maternal and infant mortality rates and so forth, we are facing similar challenges as other member states and areas such as ageing population, rise of NCDs, and health security threats. As announced in “The Chief Executive’s 2024 Policy Address”, Hong Kong, China is now embarking on substantial health reforms via two major themes of “Deepen Reform of the Healthcare System” and “International Health and Medical Innovation Hub”. The five visions of the WHO Western Pacific Region is in alignment with our health initiatives of the “The Chief Executive’s 2024 Policy Address”. Hong Kong, China will continue to work closely with the WHO in achieving health for all in the Region.” 
          
         The DH has been actively contributing to global public health by supporting the WHO in tackling various public health challenges. The DH is designated as the WHO Collaborating Centre for Traditional Medicine and the WHO Collaborating Centre for Smoking Cessation and Treatment of Tobacco Dependence. Furthermore, the WHO has designated the Public Health Laboratory Services Branch of the Centre for Health Protection of the DH as a reference laboratory for various communicable diseases, including tuberculosis, measles/rubella, influenza A (H5), SARS and COVID-19, making significant contributions to fighting epidemics worldwide. The DH will keep on maintaining close contact with member states and areas of the WHO on various issues to safeguard the health of the people.         

    MIL OSI Asia Pacific News

  • MIL-OSI: Marex Group Plc to Announce Third Quarter 2024 Earnings on November 7, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Marex Group plc (NASDAQ: MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the “Investors” section of the Marex website at https://ir.marex.com/.

    A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BI35bc4ad5c3ed48f8b2e48ab5dbfeb65e

    About Marex:

    Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. Enabling access to 58 exchanges, the Group provides coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging, and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, serving over 4,000 active clients and executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds, and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit http://www.marex.com.

    The MIL Network

  • MIL-OSI: Abaxx Announces C$2.795 million Strategic Financing

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

    TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE CA:ABXX) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, is pleased to announce that it anticipates entering into a binding agreement with a strategic investor, pursuant to which the investor has agreed to purchase 215,000 common shares (the “Shares”) of the Company at a price of CAD$13.00 per common share for aggregate gross proceeds of C$2,795,000 on a private placement basis (the “Financing”).

    The proceeds of the Financing are expected to be used for general corporate and working capital requirements, including to fund ongoing operations and/or working capital and minimum regulatory requirements for Abaxx Exchange and Abaxx Clearing. No finder’s fees or commissions were paid in connection with the Financing. The parties must enter into a binding subscription agreement to complete the Financing which is expected to close as soon as reasonably practicable and is subject to final acceptance of Cboe Canada.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities issuable under the Financing have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold to or for the account or benefit of persons in the “United States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    About Abaxx Technologies
    Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is a majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by the Monetary Authority of Singapore as “recognized market operator” and “approved clearinghouse”, respectively.

    Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

    For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.

    For more information about this press release, please contact:

    Steve Fray, CFO
    Tel: 647-490-1590

    Media and investor inquiries:

    Abaxx Technologies Inc.
    Investor Relations Team
    Tel: +1 647 490 1590
    E-mail: ir@abaxx.tech

    Cautionary Statement Regarding Forward-Looking Information

    This press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx’s future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information.

    Forward-looking information related to Abaxx in this press release includes but is not limited to, Abaxx’s objectives, goals or future plans, the anticipated closing and timing of closing of the Financing, regulatory approvals in connection with the Financing and intended use of proceeds from the Financing. Such factors impacting forward-looking information include, among others: the ability to enter into a binding subscription agreement and completion of the Financing on the terms as announced or at all; risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third-party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

    Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

    The MIL Network

  • MIL-OSI USA: Month of Discovery: Undergraduate Researcher Krithika Santhanam

    Source: US State of Connecticut

    Krithika Santhanam’s ’25 (CLAS) research activities started early on in her time at UConn.  

    During her freshman year, Santhanam reached out to Caroline Dealy, professor of orthodontics, about working in her lab.  

    Santhanam spent her first and sophomore years in Dealy’s lab, which researches treatments for osteoarthritis. 

    “Osteoarthritis is a condition where there’s a spontaneous degeneration of cartilage cells which impacts our joints,” Santhanam says.  

    There is currently no treatment for osteoarthrosis. That’s why Dealy’s lab is working on finding a way to get cartilage cells to spontaneously regenerate. Santhanam found that when certain BMP ligands, a type of molecule, were removed in mouse models, something caused cartilage cells in their knees to regenerate.  

    Santhanam had the opportunity to present her findings at the 16th International Conference on Limb Development, Regeneration, and Evolution and the New England Science Symposium at Harvard University.  

    “The amount of skills that I gained, the confidence that I gained through that opportunity as a freshman,” Santhanam says. “I was able to talk to professional scholars within the field, which was amazing.”  

    After identifying a new cell population within the cartilage of mice samples, Santhanam continued her work with Dealy through a SURF (Summer Undergraduate Research Find) Award. With the SURF Award, Santhanam dug deeper to determine what was causing the regeneration she had observed in the last step of her project.  

    “My project proposal was looking at what properties do these new cells have,” Santhanam says. “Because we have no idea what type of cartilage cells these are, what is allowing them to regenerate, what stage of chondrocyte maturation are they in?”  

    After a long process of trial and error, Santhanam found that the cells matched with a tag called RUNX2, which is related to bone cell differentiation. 

    Santhanam is now working with Fumilayo Showers, assistant professor of sociology and Africana studies, on a project looking at frontline and non-frontline health care workers during the COVID-19 pandemic in terms of how health care had to change during the pandemic and what we can learn from the emergency. 

    Santhanam is also currently putting the finishing touches on a documentary project about disability advocacy in South India that she made through the BOLD Scholars program.  

    Santhanam’s individualized major in health policy and racial disparities has allowed her to take classes in a wide array of subjects including women’s, gender, and sexuality studies and human development and family sciences. In these classes, she learned about harmful patient-provider interactions where individuals with disabilities do not feel heard or lack access to healthcare facilities in the first place.  

    “This was interesting to me because I feel like when we talk about intersectionality between race, class, gender, and all these things, sometimes we don’t think about disability as one of those social determinants of health,” Santhanam says.  

    Santhanam went to her parents’ home of Chennai, India to interview people involved in disability advocacy there. 

    “The differences and cultural stigmas I see when I go back really is something that is not talked about enough,” Santhanam says. “I know individuals with disabilities in India, and I know how that care is different, and I really want people to know that, and I also want people to know the positive strides that have been made in the past 20 years.”  

    Santhanam interviewed doctors and people involved with advocacy groups, including Dr. Aishwarya Rao, pediatrician, disability rights activist, and the founder of Better World Shelter, a rehabilitation shelter for women with disabilities; Sharada Devi, an assistant professor at the University of Kerala’s Institute of English; and KVJ Sumitra Prasad, founder of SAI Center, which promotes the importance of adults with disabilities living independently through the DORAI Foundation.  

    Santhanam will screen her documentary at UConn Storrs in January. 

    Santhanam plans to attend medical school after graduation with the long-term goal of opening a clinic focused on women’s health.  

    During her sophomore year, Santhanam participated in the UConn Health Leaders program where she screened patients for social determinants of health. She quickly realized that in Connecticut there are massive disparities in people’s ability to access healthcare, like healthy food and transportation that support wellbeing.  

    “That experience really was eye-opening,” Santhanam says. “Doing that program really made me feel like this is my calling, and really sent me into wanting to see what internal medicine was like. In my opinion, I believe primary care is the first place and the most important place where you can make an impact on someone’s health outcomes.”  

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Task Group on New Medical School holds first meeting today (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Health, Professor Lo Chung-mau, and the Secretary for Education, Dr Choi Yuk-lin, cochaired the first meeting of the Task Group on New Medical School today (October 22) to discuss strategic directions and major parameters for the establishment of a third medical school in Hong Kong.

         At the meeting, members of the Task Group discussed the considerations for establishing a third medical school in Hong Kong, and concluded that the third medical school should adopt an innovative strategic positioning in pursuit of complementary development with the two existing medical schools. The Task Group recommended that the curriculum design of the new medical school should be accorded top priority in consideration, requiring the medical curriculum to meet the requirements as stipulated by the Medical Council of Hong Kong. Proper arrangements should also be made for medical students to undergo an adequate amount of clinical training, thus ensuring that the medical students are well equipped with both professional knowledge and clinical skills to safeguard the interest of patients. The new medical school should also set out a forward-looking long-term development plan for its campus and teaching facilities, as well as an interim arrangement for a campus and a teaching hospital if admission of students is essential before the long-term facilities are available, alongside strategies to ensure financial soundness.

         Professor Lo said, “The establishment of a third medical school is a significant project in the development of medical education in Hong Kong. Not only will it attract global talent and help nurture more outstanding doctors for further reinforcement of the city’s healthcare system in the sustainable provision of healthcare services with enhanced quality and quantity, but also serves to promote high-quality development in medical education and research, dovetailing with the city’s development as an international hub for medical training, research and innovation.”

         Dr Choi said, “The establishment of a new medical school will further elevate Hong Kong’s position as an international education hub. Taking this unique opportunity, the scope of local medical teaching and research will be expanded through an innovative curriculum design and diversified student recruitment arrangements, complementing our goals of nurturing future talent and promoting the development of the ‘Study in Hong Kong’ brand.”

         The first target of the Task Group is to extend an invitation of proposals within this year to local universities interested in setting up the new medical school. The Task Group will liaise with respective universities and assess the proposals, addressing issues on funding arrangements, course accreditation, sources of teaching staff and students, a teaching hospital and research etc. The Task Group will subsequently submit to the Chief Executive in Council recommendations on the establishment of the new medical school and related arrangements. Land will also be reserved in the Northern Metropolis Ngau Tam Mei for the construction of the new medical school campus and the associated integrated medical teaching and research hospital.

         The Chief Executive announced in the Policy Address last Wednesday (October 16) that the Government supports the plan, by local universities, to establish a third medical school. The Task Group on New Medical School was then established the next day (October 17) to take up the responsibilities of devising the direction and parameters for establishing the new medical school, exploring ways to nurture more local medical talent and enhance Hong Kong’s healthcare system, as well as promoting various measures for Hong Kong to become an international medical training, research and innovation hub. The Task Group comprises seasoned local, Mainland and overseas academics for medical teaching and university management, professionals, the Chairman of the Medical Council of Hong Kong, the President of the Hong Kong Academy of Medicine, as well as representatives from relevant government bureaux and departments.         

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: The number of tourists from foreign countries has increased by 70 percent in Moscow

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    More than a million foreign tourists visited Moscow in the first half of 2024. The Russian capital is chosen for business trips, gastronomic discoveries, and vacations with family and friends. The city attracts travelers with its architectural heritage, culture, pedestrian streets and embankments, parks, numerous cafes and restaurants, and a diverse event program.

    “In six months, the tourist flow to Moscow from foreign countries has grown by 70 percent compared to the same period in 2023. The leaders in the number of guests were China, Turkey, India and the countries of the Asia-Pacific region,” she said.

    Natalia Sergunina, Deputy Mayor of Moscow.

    China ranks first in the number of tourists among non-CIS countries — about 190 thousand visits. This is 2.4 times more than in the first two quarters of last year. Turkey is in second place (35.2 thousand trips), and India is in third place (28.5 thousand trips).

    The number of travelers from the Asia-Pacific region and Latin America has doubled — 260.6 thousand and 17.2 thousand people, respectively. There have been more guests from Vietnam: from January to June of this year, Moscow was visited by 16.6 thousand people.

    In addition, Moscow is seeing an increase in business travelers, with 40 percent of them later returning to the capital for family vacations. The city is introducing business travel industry representatives to opportunities to organize large-scale events. For example, in April this year, the Shaping MICE Future conference was held, which brought together over 100 participants from India and Russia. In June, the first BRICS tourism forum was held. It was attended by delegations from Brazil, Egypt, India, Iran, China, the United Arab Emirates, Ethiopia, and the Republic of South Africa.

    In addition, there is an online certification program called Moscow MICE Ambassadors. During the training courses, industry representatives from India can learn about the stages of planning and organizing events in the capital.

    In 2023, the foreign tourist flow to the Russian capital amounted to 2.3 million people. To strengthen international ties, the city participates in major specialized exhibitions, organizes business missions, as well as projects and events aimed at domestic and foreign audiences.

    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/145593073/

    MIL OSI Russia News

  • MIL-OSI United Kingdom: England v USA Women’s Rugby World Cup opener fantastic news for Sunderland

    Source: City of Sunderland

    That’s the verdict of Sunderland City Council Leader Councillor Michael Mordey on today’s announcement that England has drawn the USA in next summer’s Women’s Rugby World Cup opener.

    England’s Red Roses kick off the tournament’s opening match against the USA at Sunderland’s Stadium of Light on 22 August next year.

    Today’s release of the Women’s Rugby World Cup 2025 match schedule sets the stage for six weekends of compelling competition in the biggest ever celebration of women’s rugby.

    Reacting to the news, Council Mordey, said: “It’s brilliant that England has drawn the USA at next summer’s opening match in Sunderland.

    “Sunderland has a very special relationship with the USA, from the ancestral links between Washington Old Hall and George Washington dating back from 1183 to the Friendship Agreement Sunderland signed with the US capital Washington DC in 2006 which has created so many opportunities over the years.

    “We’ve also seen significant investment and employment in Sunderland from American-owned companies over the years, such as Lear, Adient, UK Independent Medical Services, Apexon and Rayovac, to name just a few, creating valuable jobs for people across the city. While our young people have benefitted from a number of exchanges as a result of our unique Friendship Agreement – with Monkwearmouth Academy welcoming young people from School without Walls in Washington DC to the city and to City Hall just in the last couple of weeks.

    “So, it’s incredibly exciting to have England playing the USA in the opening match of the Women’s Rugby World Cup in our city. And I’m very much looking forward to welcoming the US team and their fans, swelling the numbers we’re already looking to welcome from across the world. It will also be a real thriller for sports fans from across the North East.

    “I think there’ll be a really electric atmosphere in our city that night and I would urge anyone who hasn’t already got their tickets to look out for the next ticket releases coming soon.

    “Hosting the opening game is a wonderful opportunity for our city and our region to shine on the international stage at a time when Sunderland city centre is going through a £2 billion transformation so it’s brilliant news all round.”

    The last few years have seen a massive surge of interest in women’s rugby and women’s sport in general both locally and nationally.

    And tournament organisers, World Rugby say the match schedule has been developed with team and fan experience at heart, with exciting matchups in each of the eight host locations, family friendly kick-off times, inexpensive match tickets and optimised team travel.

    With 95 per cent of the population in England within two hours of a match venue, fans will have an unprecedented opportunity to see rugby’s biggest stars in action, while host cities are getting ready to welcome international travelling fans with iconic and vibrant local experiences.

    With excitement building, fans will have the opportunity to apply for tickets for all matches from 11:00 (GMT) on Tuesday 5 November until 11:00 (GMT) on Tuesday 19 November. Ballots will be used for any price categories which are oversubscribed. Fans can register to be the first to hear about ticket news here.

    Prior to the two-week ticket application phase, Worldwide Partner Mastercard is offering its cardholders access to a 48-hour priority sale for all matches from 11:00 (GMT+1) today until 11:00 (GMT+1) on Thursday 24 October at tickets.rugbyworldcup.com. Only Mastercard payments will be accepted during this priority window.

    American companies in the city employ over 3,000 people and Sunderland is also home to a number of businesses with plants both here and in the US, including Nissan and AESC, as well as Lear, Adient and Vantec, which promises to bring the opening match into day to day life across our communities on both sides of the Atlantic.

    Sunderland’s friendship agreement with Washington DC also led to the creation of the popular Sunderland Shorts Film Festival which continues to go from strength to strength. The annual festival, which will celebrate its 10th birthday in 2025, proudly showcases the best short films from the UK and around the world including Australia and the United States of America, while championing homegrown talent from the region.

    MIL OSI United Kingdom

  • MIL-OSI Security: Defense News: Remembering Two Trailblazing Aviators: Lt. Cmdr. Lyndsay “Miley” Evans and Lt. Serena “Dug” Wileman

    Source: United States Navy

    In the world of U.S. Naval Aviation, very few names will be forever imprinted with their squadrons, their communities, and their shipmates. Among them are Lt. Cmdr. Lyndsay “Miley” Evans and Lt. Serena “Dug” Wileman, two highly skilled, combat-decorated aviators who tragically lost their lives during a routine training flight near Mount Rainier on Oct. 15, 2024. More than just names and ranks, they were role models, trailblazers, and women whose influence touched countless people on the flight deck and well beyond.

    They had recently returned from a deployment with their squadron, Electronic Attack Squadron (VAQ) 130, “Zappers,” with whom they spent nine months at sea as a part of Carrier Air Wing Three (CVW-3) aboard USS Dwight D. Eisenhower (CVN 69) (IKE). Operating mostly from the Red Sea, they supported Operations INHERENT RESOLVE, PROSPERITY GUARDIAN, and POSEIDON ARCHER, where they were involved in the most dynamic combat action in defense of the strike group and freedom of navigation since World War II.

    During their deployment, both Evans and Wileman distinguished themselves in combat operations. Their efforts directly contributed to the Navy’s mission defending U.S. and Coalition forces while keeping the seas open and free with precision and purpose. These role models cemented legacies by making history that will inspire future generations of Naval officers and aviators.

    Born to Lead: Lyndsay “Miley” Evans

    Following her time at the University of Southern California, Los Angeles, Evans was commissioned through the Reserve Officers’ Training Corps (ROTC) and earned her “Wings of Gold” as a Naval Flight Officer out of Naval Air Station (NAS) Pensacola. While familiar with the spotlight, Evans always carried herself as a humble yet strong leader – the quiet professional. As an EA-18G Electronic Warfare Officer (EWO) and veteran of two sea tours, she earned the respect of the entire Growler community for her tactical expertise, mentorship to those of all ranks and communities, and ability to bring out the best in everyone around her.

    In 2023, Evans was part of the all-female Super Bowl flyover, a historic moment marking 50 years of women flying in the Navy. This event also symbolized the progress of women in aviation across all military branches. But for those who knew her best, this was only one highlight in a notable career defined by high performance and distinction. After completing the challenging 12-week HAVOC graduate-level course at NAS Fallon (the TOPGUN of the Growler community), Evans earned the honor and responsibility of becoming a Growler Tactics Instructor (GTI). Living up to this responsibility daily, her approachable and knowledgeable demeanor enabled the training and development of countless junior EA-18G Pilots and EWOs. Therefore, it was no surprise to her mentors and peers when she was recognized as the FY2024 Growler Tactics Instructor of the Year, a prestigious honor earned through her tactical acumen and sustained leadership.

    During her 2023-24 deployment with CVW-3 and the IKE Carrier Strike Group (IKE CSG) in the Red Sea, Evans coordinated and executed multiple combat strikes into Houthi-controlled territories in Yemen, making her one of the few women to fly combat missions over land. In her critical role as VAQ-130’s Training Officer, she helped develop and execute new warfare tactics that required knowledge, innovation, and a comprehensive understanding of aerial warfare and electronic attack in a nascent theater against a constantly evolving threat. The tactics, techniques, and procedures for the EA-18G she pioneered defending against Houthi aggressions directly contributed to the successful defense of the entire CSG and will be used as a template for adaptability at the unrelenting pace of combat in future fights.

    Evans was awarded two Single Action Air Medals for her exceptional performance during strikes on January 12 and 22, 2024. She also earned three Strike Flight Air Medals for her contributions to missions flown between December 21, 2023, and March 29, 2024.

    The Heart and Soul: Serena “Dug” Wileman

    A native of California and commissioned through Officer Candidate School, Wileman was at the beginning of a promising and illustrious career. As a senior first-tour Naval Aviator, she established herself as an energetic, vocal, and positive influence in VAQ-130. Known for her heart of gold, passion, and unrelenting smile, Wileman was always committed to improve and grow, not only for herself but every Sailor and officer around her.

    During her 2023-24 deployment, Wileman planned and subsequently flew multiple strikes into Houthi-controlled territories in Yemen, one of the few women to fly combat missions over land. Wileman’s exceptional leadership was highlighted during VAQ-130’s “Dirt Det,” where she was designated the Officer in Charge. Overcoming the challenges of operating from an austere location, she successfully oversaw all detachment operations enabling the support of multiple flights in the defense of U.S. and Coalition forces in support of Operations INHERENT RESOLVE and PROSPERITY GUARDIAN.

    Always a team player, Wileman was also a respected qualified Landing Signal Officer (LSO), a vital role in the squadron to ensure her fellow Naval Aviators safely recovered aboard the ship. Despite operating in a weapons engagement zone, her calm and collected demeanor under pressure showed during combat operations. Even when recovering alerts while IKE was being targeted and the CSG was under attack by Houthi terrorists, she executed flawlessly, bringing all CVW-3 aircraft aboard expeditiously and safely. From the LSO platform, Wileman always showcased her extraordinary composure and consistent ability to perform under pressure.

    Due to her unrelenting efforts, Wileman accrued three Strike Flight Air Medals for her role in combat operations between December 17, 2023, and April 5, 2024.

    Outside the cockpit, Wileman made everyone smile. She would brighten up any room and was known for her genuine care and compassion for those around her. She always brought a sense of calm, in the good times and bad, whether it was through a joke, a game of cribbage, or a giant bear hug for a Sailor in need of one.

    The Bonds That Endure

    Evans’ and Wileman’s strong connection to their families were second to none. Evans was close with her parents, who were immensely proud of her many accomplishments and were overjoyed when welcoming her back to NAS Whidbey Island on July 13th.

    Wileman met her husband, Brandon, during flight school. Also a Naval Aviator, Brandon shared in her passion for flight, and together they supported each other through the challenges and successes of their careers. Wileman’s goal for follow-on orders after the Zappers was to remain co-located with Brandon.

    Both Evans and Wileman shared lasting loyalty and commitment to their mentors, peers, and Sailors. They always lifted others up, even during the most challenging moments of deployment, knowing exactly how to take a quick break from the “stress” of the job and deployment and getting everyone’s heads back in the game.

    They also bonded over their love of dogs: Evans, a proud “dog mom” to Nyx (an Australian Shepherd), and Wileman to Riley (a Dachshund/Chihuahua mix – “Chiweenie”). The two often flew together, sharing a deep understanding of the intricacies of Naval Aviation, and complemented each other well. They shared many moments together, from leading critical missions in combat zones during deployment to helping their Sailors and each other weather the mental strain of long deployments.

    These women’s bond with each other reached well beyond the cockpit. They were both known for their humor and light-hearted spirit. A memorable moment came at a beachside pool, where, during a liberty port in Souda Bay, Crete, Evans and Wileman shared a laugh as two male squadron mates struggled to move a heavy umbrella. “Centuries of oppression have finally paid off,” they joked, representing the camaraderie and light heartedness that defined both of them.

    A Legacy That Lives On

    The legacy that Evans and Wileman leave behind is characterized by strength, courage, and inspiration. They embodied the very best of Naval Aviation and were examples that hard work, determination, and devotion to their passions could lead to exceptional achievements. They will remain role models for both women and men, embodying the true Navy warrior spirit.

    Capt. Marvin Scott, Commander of CVW-3, said Evans and Wileman will be remembered for their tenacity, their outstanding contributions to the defense of others, and the positive energy they brought to Naval Aviation.

    “I have personally flown with both of these Great Americans in both training and dynamic combat operations, and they always performed professionally and precisely. As true leaders in the Growler community, VAQ-130, and across my Air Wing, their contributions cannot be overstated; I could not be more proud to have served with each of them,” said Scott. “Every member of the CVW-3 Battle Axe Team is heartbroken at the loss of these exceptional warriors; Dug and Miley truly represent the best that Naval Aviation has to offer, and they will absolutely be missed.”

    As the Navy mourns the loss of these two exceptional aviators, their stories will continue to inspire generations of service members. They represent the best of the Navy and Naval Aviation: warriors who were steadfast in the face of danger, always prepared to lead, and compassionate to their fellow Sailors. Their memories will endure with the men and women of the Zappers, CVW-3, and the entire IKE CSG. Their legacies will live on, immortalized in the hearts of their families, friends, and all who had the privilege to serve alongside them.

    MIL Security OSI

  • MIL-OSI Asia-Pac: Kwai Chung Hospital announces incident of losing patient data

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hospital Authority:

         â€‹The spokesperson for Kwai Chung Hospital (KCH) made the following announcement today (October 22) regarding an incident of losing patient data:
          
         A case manager of the KCH Community Psychiatric Service lost a document containing patient’s personal data yesterday (October 21), which involves the name, date of birth, gender, telephone number and address of 19 patients, and the telephone number of some relatives.

         The staff concerned brought the document for contacting patients during an outreach visit yesterday afternoon. The staff had taken out the document to check patient’s address. Upon completion of the visit, the staff returned to office and found the document missing. The staff immediately informed the hospital and conducted a search but in vain.

         KCH is very concerned about the incident. The hospital has contacted patients concerned to express apology and explain the incident. Patient’s treatment is not affected. KCH has reminded all staff again on the guidelines of safekeeping and handling patients’ data and will strengthen internal training.
          
         KCH has reported the case to the Police and the Office of the Privacy Commissioner for Personal Data, and the Hospital Authority Head Office via the Advance Incident Reporting System.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Konark Urban Co-operative Bank Ltd., Ulhasnagar – Extension of period

    Source: Reserve Bank of India

    The Reserve Bank of India, vide directive No.CO.DOS.SED.No.S592/45-11-001/2024-25 dated April 23, 2024, had placed The Konark Urban Co-operative Bank Ltd., Ulhasnagar under Directions from the close of business on April 23, 2024 for a period of six months.

    2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till close of business on January 23, 2025 as per the directive DOR.MON/D-62/12.22.805/2024-25 dated October 17, 2024, subject to review.

    3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated October 17, 2024, notifying the above extension is displayed at the bank’s premises for the perusal of public.

    4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1354

    MIL OSI Economics

  • MIL-OSI: UP Fintech Announces Proposed Follow-on Public Offering of American Depositary Shares

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 22, 2024 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that it intends to offer and sell 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, subject to market and other conditions, in an underwritten public offering. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the public offering price, less underwriting discounts and commissions, exercisable within 20 days from the date of the prospectus supplement.

    The Company expects to use the net proceeds from the proposed ADS offering for strengthening the Company’s capital base and furthering the Company’s business development initiatives.

    Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and US Tiger Securities, Inc. will act as the joint bookrunners for the proposed ADS offering.

    The proposed ADS offering will be made pursuant to an automatic shelf registration statement on Form F-3 filed with the United States Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website at http://www.sec.gov. A preliminary prospectus supplement and an accompanying prospectus related to the proposed ADS offering have been filed with the SEC and are available on the SEC’s website at http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; China International Capital Corporation Hong Kong Securities Limited 29/F, one International Finance Centre, 1 Harbour View Street, Central, Hong Kong; or, US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, NY 10022, United States of America.

    This announcement shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 22, 2024. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact
    UP Fintech Holding Limited
    Email: ir@itiger.com

    The MIL Network

  • MIL-OSI: RTI Joins the Common Vulnerabilities and Exposures (CVE®) Program as a CVE Numbering Authority (CNA)

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, has become the first DDS vendor to be named as a CNA by the CVE® Program. This designation showcases RTI’s commitment to system integrity by identifying vulnerabilities early, offering enhanced protection for customers. RTI will continue to adopt best cybersecurity practices which includes a secure coding standard, static and dynamic analysis tools, and extended endurance testing to improve systems across industries such as defense, medical, and automotive.

    RTI Connext®, based on the Data Distribution Service (DDS™) standard, is the trusted industry solution that delivers reliability, security, and real-time performance essential for highly distributed autonomous systems. As a CNA, RTI has established a vulnerability management and notification process to monitor and notify customers of any known vulnerabilities that may affect systems using RTI software. The goal is to ensure that Connext users receive the information needed to properly assess their impact, through well established mechanisms, and that solutions are provided in a timely manner.

    “By enhancing our visibility and control over the CVE publication process, we reaffirm our commitment to delivering top-notch cybersecurity for our customers,” said David Barnett, VP of Products and Markets at RTI. “This initiative will streamline our disclosure process, making it easier for users to access crucial information about vulnerabilities through a trusted, recognized platform. Our priority is ensuring the security of our customers’ systems, and we are committed to providing the best solutions to protect them against evolving threats.”

    CVE is an international initiative that relies on the community to identify and catalog publicly disclosed cybersecurity vulnerabilities. Once discovered, vulnerabilities are assigned and published in the CVE List. CNAs are organizations responsible for the regular assignment of CVE IDs to vulnerabilities, and for creating and publishing information about the risk in the associated CVE Record.

    Securing autonomous and intelligent systems requires constant and careful architecting of the entire framework. RTI enables customers to design robust, reliable systems that safeguard without sacrificing real-time performance. Whether it is a large application running on powerful hardware or an embedded application running on a resource-constrained device, RTI has the industry-leading security solutions for intelligent distributed systems.

    For more information about RTI’s approach to vulnerability detection and management, please visit the policy page. To learn more about RTI’s security offerings, please visit our website.

    About RTI
    Real-Time Innovations (RTI) is the infrastructure software company for smart-world systems. RTI Connext® is the world’s leading software framework for intelligent distributed systems. Uniquely, Connext users can build systems that combine advanced sensing, fast control, and AI algorithms.

    With 2,000 customer designs, RTI excels at getting customers to production. RTI software runs over 250 autonomous vehicle programs, supports dozens of automotive ADAS and software-defined architectures, controls the largest power plants in North America, integrates over 400 major defense programs, drives a new generation of MedTech systems and robotics, and underlies Canada’s air traffic control and NASA’s launch control systems.

    RTI runs a smarter world.

    RTI is the market leader in products compliant with the Data Distribution Service (DDS™) standard. RTI is privately held and headquartered in Silicon Valley with regional offices in Colorado, Spain, and Singapore.

    Download a free trial of the latest, fully-functional Connext software today: http://www.rti.com/downloads

    The MIL Network

  • MIL-OSI: Cayson Acquisition Corp Announces Separate Trading of its Ordinary Shares and Rights

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Cayson Acquisition Corp (NASDAQ:CAPNU) (the “Company”) announced today that, commencing on or about October 24, 2024, holders of its units sold in the Company’s initial public offering may elect to separately trade the Company’s ordinary shares and rights included in the units. The ordinary shares and rights that are separated will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “CAPN” and “CAPNR,” respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade. Those units not separated will continue to trade on Nasdaq under the symbol “CAPNU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and rights.

    The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search for a target business on entities located throughout Asia but will not be limited to a particular industry or geographic location. The Company is led by its Chairman of the Board and Chief Executive Officer, Yawei Cao.

    FORWARD-LOOKING STATEMENTS 

    This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s final prospectus relating to the Company’s initial public offering filed with the SEC on September 20, 2024. Copies are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Taylor Zhang
    taylorzhang@caysonspac.com 

    The MIL Network

  • MIL-OSI: BOS’ Supply Chain Division Receives a $500,000 order from a Customer in India

    Source: GlobeNewswire (MIL-OSI)

    RISHON LE ZION, Israel, Oct. 22, 2024 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), an integrator of supply chain technologies, announced today that its Supply Chain Division, which provides franchised distribution of electronic components, received a $500,000 order from a customer in India. The order is for delivery gradually by August 2025.

    Avidan Zelicovski, BOS’ President, expressed confidence in the division’s ability to expand its global sales, citing the success of achieving $6 million in overseas sales in 2023. Additionally, he highlighted that since the announcement on July 10, 2024, regarding initial sales to Greek customers, the division has received $280,000 orders from that territory.

    About BOS

    Through its three business divisions, BOS leverages cutting-edge technologies to optimize supply chain operations.

    The robotic division automates the inventory process by replacing handwork with robots. RFID division optimizes inventory management by marking and tracking inventory through the supply chain, and the supply chain division integrates its franchised electro-mechanical components into its client’s products.

    The MIL Network

  • MIL-OSI: Sophos Appoints Torjus Gylstorff as Sophos’ Chief Revenue Officer and Jon Bove as Sophos’ Senior Vice President of Americas Sales

    Source: GlobeNewswire (MIL-OSI)

    OXFORD, United Kingdom, Oct. 22, 2024 (GLOBE NEWSWIRE) — Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that Torjus Gylstorff has joined the company as chief revenue officer (CRO). Sophos has also appointed Jon Bove senior vice president of Americas sales. Sophos hired Gylstorff and Bove, two key industry executives, to further accelerate sales of Sophos’ portfolio of cybersecurity services and products, including Managed Detection and Response (MDR) services and endpoint, network, email, and cloud security.

    Gylstorff is responsible for driving revenue growth through effective leadership of Sophos’ global sales organization and partner and customer networks. This includes expanding Sophos’ presence beyond its already strong customer base of more than 600,000 organizations worldwide in the small and mid-sized business market. Gylstorff will also leverage his skills in the channel to develop strategies that strengthen and drive additional business with existing and new Managed Service Providers (MSPs).

    Gylstorff has more than 25 years of experience in sales, channels and business development across the technology and cybersecurity sectors, leading worldwide sales teams and building global channel ecosystems. Prior to joining Sophos, Gylstorff was the worldwide sales leader for Thales’ Application and Data Security Business. Prior to Thales, he was vice president of Worldwide Channels and Alliances at Symantec. Before that, Gylstorff led emerging business initiatives at Blue Coat Systems and managed major turnarounds in Japan and South Korea. His career includes significant tenures at Norman Shark, IBM and Lotus Software, where he held various senior sales and leadership positions across Europe. 

    As senior vice president of Americas sales for Sophos, Bove is working closely with the company’s extensive partner network in North America and Latin America to develop new revenue streams and ensure partners and their customers have the proper security needed to defend against ransomware, data breaches and other persistent cyberattacks. Bove will also direct and oversee the growth of new partners and MSPs in the region to increase sales of Sophos security solutions, which plug into the Sophos Central management platform. With Sophos Central, partners and MSPs can elevate and streamline customer defenses and operations, upgrades, renewals and much more, increasing revenue opportunities, while also improving customers’ security.

    Bove brings more than 20 years of sales experience, with 15 years in cybersecurity and channel sales leadership, to Sophos. Most recently, Bove served as vice president sales, U.S. enterprise, at Fortinet, where he was responsible for driving significant revenue growth through channel sales in North America. At Fortinet, Bove grew the small and medium business (SMB) sales organization and defined the company’s channel sales strategy to expand focus on the enterprise market. Bove also previously held sales and channel leadership positions at Proofpoint.

    “Sophos is already a leading provider of security services and technologies for the midmarket and smaller organizations that need help defeating cyberattacks, due to resource constraints such as skills gaps, limited budgets and other issues that cause them to be under protected. Our vision at Sophos is a world where organizations of any size and means have a clear path to superior cybersecurity outcomes, and the work we do every day aims to close the cybersecurity divide and protect more organizations in the most at-risk segments of the market. The best and most efficient way to do this is by scaling with channel partners and MSPs,” said Joe Levy, CEO, Sophos. “With Torjus and Jon, both of whom have decades of experience in leading channel sales, managing sales operations and developing relationships with customers, we can scale faster and in a way that accelerates growth for partners, MSPs and Sophos. I’m excited to have Torjus and Jon on board to help drive the next phase of Sophos’ go to market evolution.”

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks, including Managed Detection and Response (MDR) and incident response services and a broad portfolio of endpoint, network, email, and cloud security technologies. As one of the largest pure-play cybersecurity providers, Sophos defends more than 600,000 organizations and more than 100 million users worldwide from active adversaries, ransomware, phishing, malware, and more. Sophos’ services and products connect through the Sophos Central management console and are powered by Sophos X-Ops, the company’s cross-domain threat intelligence unit. Sophos X-Ops intelligence optimizes the entire Sophos Adaptive Cybersecurity Ecosystem, which includes a centralized data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity and information technology vendors. Sophos provides cybersecurity-as-a-service to organizations needing fully managed security solutions. Customers can also manage their cybersecurity directly with Sophos’ security operations platform or use a hybrid approach by supplementing their in-house teams with Sophos’ services, including threat hunting and remediation. Sophos sells through reseller partners and managed service providers (MSPs) worldwide. Sophos is headquartered in Oxford, U.K. More information is available at http://www.sophos.com.

    The MIL Network