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Category: Australia

  • MIL-OSI Australia: Further cyber sanctions in response to Medibank Private cyberattack

    Source: Australian Government – Minister of Foreign Affairs

    The Albanese Government has imposed additional cyber sanctions in response to the 2022 cyberattack against Medibank Private.

    The attack affected millions of Medibank’s customers whose personal and sensitive medical information was stolen. Some records were published on the dark web.

    This is the first time that Australia has imposed cyber sanctions on an entity and the first time Australia has imposed sanctions on those providing the network infrastructure and services that make cyberattacks like this possible.

    The Government is imposing these cyber sanctions on the Russian entity, ZServers, and five Russian cybercriminals who provided the network infrastructure and services used to host and release the data stolen from Medibank. The individuals are ZServers’ owner, Aleksandr Bolshakov, and employees Aleksandr Mishin, Ilya Sidorov, Dmitriy Bolshakov and Igor Odintsov.

    ZServers and the five sanctioned individuals also provided enabling services that supported a range of other cybercrimes, including ransomware activities conducted by affiliates of LockBit and BianLian and other ransomware groups.

    The sanctions announced today make it a criminal offence to provide assets to ZServers or the five sanctioned individuals, or to use or deal with their assets, with penalties of up to 10 years’ imprisonment and/or heavy fines. The sanctions also ban the individuals from entering Australia.

    Today’s sanctions follow the Government’s decisive action to sanction Aleksandr Ermakov, announced in January 2024, for his role in the Medibank Private data breach.

    They are a result of the close collaboration between the Australian Signals Directorate (ASD), other Commonwealth agencies and key international partners, including the United Kingdom (UK) and the United States (US), who have all worked tirelessly to unmask these cybercriminals.

    The UK and the US have also imposed sanctions on these malicious cyber actors, demonstrating our collective resolve to combat cybercrime.

    These sanctions reflect the Albanese Government’s commitment in the 2023-2030 Australian Cyber Security Strategy to deter and respond to malicious cyber activity, including by using sanctions to hold cybercriminals to account.

    Malicious cyber actors continue to target Australian governments, critical infrastructure, businesses and individuals. Australia’s autonomous cyber sanctions framework is a key tool in imposing costs on cyber actors and protecting Australians from this threat.

    Australians should report cybercrimes, incidents or vulnerabilities to the Australian Signals Directorate at 1300 CYBER1 (1300 292 371) or https://www.cyber.gov.au/report.

    Australian businesses can help protect themselves from ransomware by updating devices, regularly backing up files and ensuring staff know to never visit suspicious websites, open emails from unknown sources or click on suspicious links. More information can be found at cyber.gov.au/ransomware

    Quotes attributable to Deputy Prime Minister Richard Marles:

    “These sanctions send a clear message to malicious cyber actors that there are consequences of trying to do Australians harm.

    “The Albanese Government continues to take decisive action to hold to account those responsible for one of Australia’s largest cyber incidents.

    “Importantly, this is the first cyber sanction against an enabler of cybercrime. Disrupting the criminal ecosystem in this way impacts hundreds of cybercriminals at once.”

    Quotes attributable to Foreign Affairs Minister Penny Wong:

    “The Albanese Government is using all elements of our national power to make Australia more secure and to keep Australians safe.

    “We are preventing, deterring and disrupting malicious cyber activity through attributions and targeted sanctions in the national interest.

    “We will continue to work with our international partners to impose costs on cyber criminals and protect Australians from cyber threats.”

    Quote attributable to Cyber Security Minister Tony Burke:

    “This Government established the cybersecurity portfolio because national security requires cybersecurity. This strong action is about keeping Australians safe.”

    MIL OSI News –

    February 12, 2025

  • MIL-OSI Russia: Financial news: On holding auctions on February 12, 2025 to place OFZ issues No. 26248RMFS3 and No. 26233RMFS5

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    For bidders

    We inform you that, based on the letter of the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of Moscow Exchange PJSC, the order establishes the form, time, term and procedure for holding auctions for the placement and trading of the following federal loan bonds:

    1.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security federal loan bonds with constant coupon income
    State registration number of the issue 26233RMFS from 02/14/2020
    Date of the auction February 12, 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code SE26233RMFS5
    ISIN code RO000A101F94
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

    2.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security federal loan bonds with constant coupon income
    State registration number of the issue 26248RMFS from 08.05.2024
    Date of the auction February 12, 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code CO26248RMFS3
    ISIN code RO000A108EH4
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    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 access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MOEX.K.Mom/N77536

    MIL OSI Russia News –

    February 12, 2025

  • MIL-Evening Report: With a ‘tradwife’ starring in Married at First Sight, a nostalgic vision of womanhood takes centre stage

    Source: The Conversation (Au and NZ) – By Christina Vogels, Senior Lecturer, School of Communication Studies, Auckland University of Technology

    Da Antipina/Shutterstock

    When Married at First Sight Australia bride Lauren Hall said her main goal was to “serve” her man, the reality show contestant was reflecting a growing trend in western culture – the so-called tradwife lifestyle.

    Tradwives are women who choose to take up traditional gendered roles within the home, centred around serving their husband and children. This version of wifehood is underpinned by a deference to one’s husband.

    Because of this, tradwives tend to be financially dependent on their husbands and many also give over decision-making rights to their husbands. In essence, the tradwife lifestyle rejects the past seven decades of feminism.

    But why is being a tradwife growing in popularity in 2025, and how has it become so marketable?

    The rise (or return) of tradwives

    Social media is partly to blame. The tradwife trend has risen in visibility across platforms such as Instagram and TikTok.

    Influencer Hannah Neeleman from Ballerina Farm is one of the most prolific tradwife influencers, topping ten-million followers on her Instagram page.

    Other Instagram accounts such as Ekaterina Anderson and Aria Lewis are popular in their own right, with followers ranging from 100,000 to 200,000.

    All promote a joy of domesticity. They post about their daily tasks of baking, preparing meals, raising children and, for many, connecting to the land and living sustainably.

    However, underneath this joy of domesticity is often an advocation of subservience. Many tradwives openly promote the daily pleasure they get from serving their husbands, who they argue are the “natural” head of the household.

    Marketing a romanticised lifestyle

    Why, then, is this version of femininity so desirable?

    For one, tradwives market a romanticised lifestyle. Theirs is reminiscent of the 1950s: a golden age economically, where employment was high, consumables were affordable and the male breadwinner was supported at home by a subservient wife.

    The tradwife lifestyle also promotes a pioneering domesticity. Tradwife influencers often post about baking their own bread, make their own preserves and mending their family’s clothes.

    Many also wear pioneering-type clothing – blouses and long skirts with the signature tradwife apron. A number of tradwives such as Aria Lewis also have their own clothing and merchandise lines for their followers to buy.

    People’s need for “ontological security” (security of the self) – a term coined in 1984 by sociologist Anthony Giddens – is another reason why the tradwife lifestyle is followed by so many women today.

    Broadly speaking, ontological security denotes a desire for a stable identity. Academics Catarina Kinnvall and Jennifer Mitzen offer this explanation:

    As the world is becoming more fragile, contentious, and conflictual, we are, Giddens argues, prone to seek a sense of security, a “protective cocoon”, in established norms and routines and in beliefs about particular narratives of home and secure pasts.

    The tradwife identity offers women this security: a stable, strictly defined and seemingly uncomplicated identity that is predicated solely on serving one’s husband and children. The nostalgia for the 1950s and the pioneering “return to basics” life feeds this sense of security.

    A double entanglement

    It also seems women are desiring the tradwife lifestyle due to the damaging effects of “double entanglement”.

    Society constantly tells women they can “have it all”: sexual freedom, any career they desire and an ability to choose whether or not to become mothers.

    In reality, however, this is an empty promise. Sexually assertive women, women who appear overly dominant in the workplace, and women who choose not to mother are often heavily shamed in society.

    Herein lies the double-entanglement. Women are told they can choose how to live their lives but are then shamed for choosing ways of living that are actually seen as unfeminine.

    It is possible the tradwife identity offers women a version of femininity that provides safe haven from being shamed as “pariahs” in society.

    Sadly, though, there is no safe haven. When you strip away the romanticism of domesticity, the tradwife lifestyle only furthers the difficulties women face today by breeding a deep misogyny that is based on an intense subjugation of women.

    The new female right

    This misogyny is further entrenched by many tradwives’ association with the far-right women’s movement, which is gaining popularity within the United States.

    The BBC’s America’s New Female Right documentary explores the rise of this movement and how it further feeds into narratives that femininity ought to be based on submission to men.

    It seems this version of womanhood will only gain momentum as the world veers even farther to the far right. The uncertainty of today – with frequent economic crises, climate emergencies and other crises of humanity – will only fuel the need for a nostalgic, seemingly simpler life.

    On the surface, this is what many feel a traditional return to womanhood offers. But the costs of giving up the gains of feminism are not clear.

    Christina Vogels 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. With a ‘tradwife’ starring in Married at First Sight, a nostalgic vision of womanhood takes centre stage – https://theconversation.com/with-a-tradwife-starring-in-married-at-first-sight-a-nostalgic-vision-of-womanhood-takes-centre-stage-248861

    MIL OSI Analysis – EveningReport.nz –

    February 12, 2025

  • MIL-OSI Global: Most animals have their own version of tree rings – here’s how we biologists use them to help species thrive

    Source: The Conversation – UK – By Anna Sturrock, Senior Lecturer, School of Life Sciences, University of Essex

    Narwhal tusks reveal how they’re affected by declining Arctic ice. Saifullahphtographer

    We have a natural fascination with time – how landscapes have been carved over millennia, how our bodies grow and sag with age, how the stars traverse the sky each night. Scientists probe the layers beneath our feet to understand the secrets of our past. Geologists and palaeontologists sample ice, rock and fossils to reconstruct past climates and species and archaeologists pick through ancient “dustbins” (middens) in excavation sites to reimagine our historical dinner time.

    Similarly, most living things produce records of their own existence in layered body tissues – often in the form of daily or yearly growth bands. The most familiar of these so-called biochronologies are tree rings, which form every year in response to seasonal cycles in temperature and rainfall.

    Dendrochronology – the art of tree-ring counting – allows us to precisely date trees. Based on the rings in its trunk, a bristlecone pine in eastern California known as Methuselah is said to be the world’s oldest living thing at 4,856 years old.

    Methuselah, the world’s oldest living tree.
    Xiaoling Sun

    It’s not just the number of rings, either – their width tells us whether the tree was thriving in a particular year, or suffering due to drought. Chemical compounds locked into the wood offer clues about atmospheric changes, including those produced by volcanic eruptions.

    Tree rings are famously detailed life records.
    Veroja

    Let’s not not stop at trees – your own tooth cement, nails and hair are forming chemical and visual records of your own life experience right now, storing traces of food, drink and drugs you have consumed. They can also produce “stress marks” during trauma or pregnancy, when a mother literally breaks her own body tissues to grow and nourish her baby.

    Elsewhere in the natural world, some of the more surprising examples of biochronologies include whale earwax, narwhal tusks, bird feathers and the bony plates (scutes) on turtle shells.

    Turtle power.
    VLADIMIR VK

    Recent studies, for instance, have applied forensic analyses of whale earwax to explore their stress levels during historic whaling days. Narwhal tusks, meanwhile, have helped explain how declining Arctic sea ice has affected their diet and exposure to pollution.

    The importance of otoliths

    In my lab, we work with aquatic animals – from fish scales and ear bones to squid eyes and beaks. Like decoding a biological black box, we analyse chemical constituents in the growth layers to reconstruct a detailed picture of the individual’s prior health, diet and movements.

    Some biochronologies are more “fickle”, forming layers at unpredictable rates, including the eye lenses of fish and turtle scutes. Others, such as bird feathers, are shorter lived due to periodic moulting. Yet they all share the important feature of serial growth, producing valuable archives that we can probe to build a picture of the animal’s life.

    Probably the best known biochronometer in the animal world – and my own personal obsession – is the fish otolith, or ear bone (Ancient Greek: oto is ear and líthos is stone). We humans have tiny ear stones (otoconia), whose primary function is to maintain balance, but fish otoliths are also crucial for hearing, as well as featuring specific properties that make them particularly valuable markers of biochronology.

    Unlike “normal” bones, fish otoliths are composed of calcium carbonate crystals and are metabolically inert, meaning they never get broken down and rebuilt. Instead they keep growing – even during periods of starvation – producing daily and annual growth bands.

    These beautiful crystalline structures are also highly resistant to degradation and vary in shape between species. This enables scientists to use a combination of “otolith atlases” and artificial intelligence to identify popular choices of fish from otoliths left behind in ancient human middens, as well as in the contemporary stomach contents or poop of predators such as seals, albatrosses and squid.

    Otoliths have driven my research for almost two decades. I’ve been fascinated by animal migration and the ecological and evolutionary processes underpinning these long and dangerous journeys ever since taking a “movement ecology” class at the University of Edinburgh with the brilliant Professor Victoria Braithwaite in 2003.

    I decided I wanted to track marine animals myself, and my lab now primarily uses otolith and eye lens chemistry to reconstruct fish habitat use and growth rates, and the temperatures they experienced through their lives. We are now also investigating how well these same structures track reproductive events, chronic stress and exposure to pollution.

    And we are working with international teams to understand how hypoxia (low oxygen zones or “dead zones”) affect fish growth and reproduction. Ultimately, this data allows us to connect stressful events in a fish’s past to its lifetime health and survival, which is important for predicting a species’ persistence.

    For example, a recent study used otolith-derived metabolic rates of Atlantic bluefin tuna to show their vulnerability to future climate change. Meanwhile in California, we used otolith chemistry to understand the impact of dams on salmon migration and survival, revealing that – on many rivers – dams have made it impossible for salmon to escape into the mountains during summer, which is essential for enabling them to resist the increasingly severe droughts afflicting the region.

    Conservation

    Fisheries managers read the rings on millions of otoliths each year to track individual cohorts and look for warning signs of overfishing, but I would argue that biochronologies are still underused in this field. For example, fisheries managers could use otoliths to track the movements of juveniles too small to be tagged (those under 4cm long), since chemical markers make it possible to identify where they grew up. This would allow these managers to earmark productive or struggling “nursery habitats” for protection or improvement, respectively.

    We consistently find that rivers and estuaries play a critical role in the survival and growth of valuable species such as salmon, sea bass and anchovies. Juvenile fish often have such high natural mortality rates – often only 1% survive to their first birthday – that even small improvements to their survival can result in large boosts in abundance and make wild fisheries more sustainable.

    Small improvements to survival of wild salmon could make a huge difference to their sustainability.
    Jakub Rutkiewicz

    As such, let’s keep up the momentum to clean and restore our rivers and beaches, and to embrace monitoring tools such as biochronologies to learn which actions produce the biggest benefits. Next time you think about banging the glass at an aquarium, just remember that the fish inside are listening – and recording you too.

    Anna Sturrock receives funding from a UKRI Future Leaders Fellowship

    – ref. Most animals have their own version of tree rings – here’s how we biologists use them to help species thrive – https://theconversation.com/most-animals-have-their-own-version-of-tree-rings-heres-how-we-biologists-use-them-to-help-species-thrive-249507

    MIL OSI – Global Reports –

    February 12, 2025

  • MIL-OSI Africa: Office of the Senior Special Assistant to the President on Grassroots Sports Partners Sports Africa Investment Summit (SAIS2025), to Champion Infrastructure Investment and Grassroots Sports Development

    Source: Africa Press Organisation – English (2) – Report:

    LAGOS, Nigeria, February 11, 2025/APO Group/ —“Grassroots sports represent the foundation of our nation’s sporting future. Investing in inclusive and accessible facilities is not just about playing the game; it is about fostering talent, strengthening communities, and fueling the economic potential of sports. SAIS2025 provides a vital platform to drive these conversations and unlock new opportunities for grassroots sports development in Nigeria and across Africa.”

    As Nigeria continues to position sports as a driver of economic diversification, the Office of the Senior Special Assistant to the President on Grassroots Sports remains committed to policies that expand access, promote participation, and harness sports’ transformative power to create opportunities for all.

    Join Prince Anthony Adeyinka Adeboye and other leading voices at SAIS2025 as they discuss actionable pathways to sustainable and inclusive sports development.

    Event Details

    • Dates: February 17–18, 2025
    • Venue: Lagos Continental Hotel, Kofo Abayomi Street, Victoria Island, Lagos
    • Time: 9:00 AM Daily

    For tickets and registration, visit www.SportNigeria.ng/SAIS, email sais@sportnigeria.ng, or contact 0706 203 8705 (Call/WhatsApp).

    MIL OSI Africa –

    February 12, 2025

  • MIL-OSI USA: Senator McConnell Continues Efforts to Address Impact of the Substance Abuse Epidemic on Kentucky’s Workforce

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    WASHINGTON, D.C. – U.S. Senator Mitch McConnell (R-KY) introduced the Comprehensive Addiction Recovery through Effective Employment and Reentry (CAREER) Act of 2025, which helps address the impact of substance abuse on America’s workforce. This bill reauthorizes and improves federal programs that support individuals in states most devastated by substance abuse to reenter the workforce.

    The CAREER Act supports Americans recovering from substance use disorder by providing funding for stable, transitional housing, and by providing the support they need to reenter the workforce and maintain gainful employment. The legislation reauthorizes and builds on the success of two programs created by the CAREER Act: The Substance Abuse and Mental Health Services Administration (SAMHSA)’s Treatment, Recovery and Workforce Support Grant Program and the Department of Housing and Urban Development’s Recovery Housing Program.

    Since the CAREER Act was first signed into law, Kentucky has received about $12.5 million in federal funding. Through SAMHSA’s workforce reentry program, Isaiah House, St. Elizabeth Medical Center, and Mountain Comprehensive Care Center have received several million dollars in federal funding over the past few years to address workforce participation challenges caused by the prevalence of substance abuse in Kentucky.

    “The substance abuse epidemic has claimed lives in Kentucky at an unprecedented rate, but this problem isn’t only devastating families and communities. It’s also a workforce emergency. That’s why I’m proud to once again champion legislation that addresses this crisis’s devastating effects on the American worker, and the American workforce,” said Senator McConnell. “Since shepherding the CAREER Act into law six years ago, and funding it through the annual appropriations process, this legislation has helped countless Kentuckians return to productive, healthy lives through the structure and support that come from stable housing and employment. This epidemic requires our continued attention, and we’ll keep working to deliver the tools Kentuckians in recovery need to rebuild their lives and stay drug free.”

    “The CAREER Act and its Recovery Housing Program have been transformative for our recovery consumers at Pathways, as can be seen through the women we serve at The Journey, our Women’s Residential Recovery Center. By addressing the critical connection between stable housing, recovery, and workforce development, this program empowers women, expectant mothers, and postpartum women to rebuild their lives while nurturing their families. Through the support of the CAREER Act, we’ve seen remarkable success stories at The Journey—mothers who’ve overcome addiction, found meaningful employment, and created stable, loving environments for their babies. One graduate, for example, completed her recovery program, gained skills through workforce training, and is now a certified peer support specialist helping others on their journey to recovery. Programs like The Journey do not just transform individual lives; they strengthen families and uplift entire communities. The CAREER ACT and the Recovery Housing Program help make these programs a reality and we are grateful to Senator McConnell for his support,” said Jennifer Willis, CEO, Pathways, Inc.

    The CAREER ACT is cosponsored by Senators John Fetterman (D-PA) and Bill Hagerty (R-TN).

    MIL OSI USA News –

    February 12, 2025

  • MIL-OSI New Zealand: Twelve months to re-negotiate contracts before income threshold policy takes effect

    Source: New Zealand Government

    Workplace Relations and Safety Minister Brooke van Velden says an income threshold for unjustified dismissal claims will apply to existing employment agreements after one year. 

    The income threshold was announced last year and will be introduced as part of upcoming changes to the Employment Relations Act. It delivers on the ACT-National coalition agreement commitment to set an income threshold above which personal grievances cannot be pursued. 

    “Cabinet agreed that the income threshold applies to existing employment agreements with a 12-month transition period and I can now announce further details. This means:

    • An employee is no longer on an existing employment agreement if they move to a new employer, or they shift to a new role within the same employer. However, if the employee shifts to a new role with the same employer as a result of a restructure, the transition period will still apply. 
    • If an employee is dismissed before the threshold applies to them, the employee will be able to raise an unjustified dismissal grievance within the 90-day period. For example, if an employee on an existing employment agreement is dismissed 10 days before the end of the transitional period, they will be able to raise an unjustified dismissal claim after the end of the transition period, so long as it is within the 90-day period.

    “The $180,000 threshold will apply to new employment agreements once the Bill is passed and will apply to existing employment agreements 12 months after the Bill is passed,” says Ms van Velden. 

    The transition period gives workers and employers time to amend employment agreements if they choose to. This includes the ability to opt back in to unjustified dismissal protection or negotiate their own dismissal procedures by agreeing to any changes and including them in their employment agreement. 

    “This policy will provide greater labour market flexibility, enabling businesses to ensure they have the best fit of skills and abilities for their organisation. It allows employers to give workers a go in high impact positions, without having to risk a costly and disruptive dismissal process if things don’t work out.” 

    “This policy will provide more flexibility and choice by allowing high income workers and employers to negotiate the terms and conditions related to dismissal that best suit their preferences and circumstances,” says Ms van Velden.

    Editor notes:

    MIL OSI New Zealand News –

    February 12, 2025

  • MIL-OSI NGOs: Energy Transfer thinks they can silence us

    Source: Greenpeace Statement –

    © Tegan Gregory / Greenpeace

    Big Oil company Energy Transfer is trying to silence Greenpeace with a $300,000,000 lawsuit. If we actually had to pay that amount, Greenpeace USA could shut down.

    This lawsuit from Energy Transfer against Greenpeace USA and Greenpeace International includes a racist attempted rewrite of the history of the Indigenous-led protests against the Dakota Access Pipeline. It’s also Big Oil’s message to environmentalists everywhere: if you dare to criticize us, you could be next.

    The world has taken notice. 

    Word of this threat to the entire climate justice movement has spread across the world, and over the last few months, thousands of Greenpeace activists, allies, and supporters in more than two dozen countries have responded to Big Oil in one unified voice.

    Our message is loud and clear: we will not be silenced. And that message is now echoing across the planet.

    Take a look at these photos from more than 25 different countries — as you scroll, think about what our movement is capable of when we work together.

    United States

    © Tim Aubry / Greenpeace

    Netherlands

    © Gosse Bouma / Greenpeace

    Germany

    © Markus J. Feger / Greenpeace

    Czech Republic

    © Ray Baseley / Greenpeace

    Sweden

    © Jana Eriksson / Greenpeace

    Denmark

    © Philip Raissnia / Greenpeace

    Indonesia

    © Pangeran / Greenpeace

    Thailand

    © Purimpat Jansuwan / Greenpeace

    Croatia

    © Maja Bota / Greenpeace

    Norway

    © Greenpeace

    Poland

    © Greenpeace / Max Zielinski

    United Kingdom

    © David Mirzoeff / Greenpeace

    Brazil

    © Victor Bravo / Greenpeace

    Hungary

    © Zsuzsi Dorgo / Greenpeace

    Switzerland

    © Maksym Zaika / Greenpeace

    France

    © Fanny Noret / Greenpeace

    Philippines

    © Greenpeace

    Spain

    © Greenpeace / Pablo Blazquez

    Finland

    © Heikki S. Laherma / Greenpeace

    Greece

    © Evelina Manou / Greenpeace

    Mexico

    © Prometeo Lucero / Greenpeace

    Slovenia

    © Petra Godeša / Greenpeace

    Romania

    © Ioana Moldovan / Greenpeace

    Ukraine

    © Greenpeace

    Aotearoa

    © Clae Baxter / Greenpeace

    Australia

    © Greenpeace / Toby Davidson

    Belgium

    © Mathieu Soete / Greenpeace

    Germany. Indonesia. Thailand. Poland. Brazil. Hungary. France. Spain. Greece. Mexico. Australia. Belgium.

    Greenpeace is a global movement. Environmental justice is a global movement. 

    That’s what Big Oil fails to understand: if they try to silence one of us, millions more will speak out. We will not be silenced. We cannot be silenced.

    Big Oil knows that free speech and protest are the best tools we have to demand a green and just world, and they’re afraid of what happens when we exercise those rights. So that’s what we’re going to continue doing.

    Recently, we launched an open letter to pressure Energy Transfer to drop their lawsuit. We’re proud to say that hundreds of thousands of people have now signed it, along with more than 400 organizations representing millions of people around the world.

    With less than two weeks until we go to trial in North Dakota, we must keep raising our voices.

    In September, The Wall Street Journal reported that “some oil-and-gas investors expressed concerns” about Energy Transfer’s $300 million lawsuit against us. Their concern? “It makes the industry look vindictive and could result in a reinvigorated protest movement.”

    That’s precisely what Energy Transfer has ignited — a reinvigorated movement.

    We all know that Big Oil has infinite sums of money, and immense power. And it’s true that a defeat in court could threaten Greenpeace USA’s existence, and have far-reaching implications for the climate justice movement around the world.

    But we will not be silenced.

    Sign our open letter to Energy Transfer

    MIL OSI NGO –

    February 12, 2025

  • MIL-OSI Security: Defense News: US, Australia, and UK forces conduct joint combined operations

    Source: United States Navy

    Participating units included the USN Arleigh Burke-class guided-missile destroyer USS Benfold (DDG 65), the RAN Hobart-class guided-missile destroyer HMAS Hobart (DDG 39), the RN River-class offshore patrol vessel HMS Spey (P234).

    “Regular military engagements between the defense forces in the Indo-Pacific will help maintain regional security and stability” said Commodore Jonathan Ley, Joint Force Maritime Component Commander for Australia’s Headquarters Joint Operations Command. “This activity is a testament to the growing ability of Australia and the United States to work together in this complex maritime environment. As one of the world’s busiest maritime trade routes and home to almost two thirds of the world’s population, it is essential we are ready, willing and able to meet any challenge.”

    During the maritime training, the three ships exercised their ability to exchange data using their tactical datalink systems, while the maneuvering exercise trained the crews’ ability to sail alongside each other in various conditions, improving the self-defense and communication capabilities of the three countries.

    “Operating alongside our Royal Navy and Australian counterparts strengthens collaboration at sea,” said Capt. Justin Harts, Commander, Destroyer Squadron (DESRON) 15. “We will continue to reinforce our interoperability with our allies at every corner to maintain a consistent presence in the Indo-Pacific.”

    The U.S. Navy regularly operates alongside our allies in the Indo-Pacific region as a demonstration of our shared commitment to upholding international law. Combined operations provide valuable opportunities to train, exercise and develop tactical interoperability across allied navies in the Indo-Pacific.

    Benfold is forward-deployed and assigned to Destroyer Squadron (DESRON) 15, the Navy’s largest DESRON and the U.S. 7th Fleet’s principal surface force.

    U.S. 7th Fleet is the U.S. Navy’s largest forward-deployed numbered fleet, and routinely interacts and operates with allies and partners in preserving a free and open Indo-Pacific region.

    MIL Security OSI –

    February 12, 2025

  • MIL-OSI Australia: Check before you act: ATO impersonation scams

    Source: Australian Department of Revenue

    ATO impersonation scams have become sophisticated, making it crucial to stay vigilant. One of the most effective ways to keep yourself and your clients safe is to stop, check and protectExternal Link.

    Scammers often create a sense of urgency, hoping you’ll act without thinking. By taking a moment to check the legitimacy of the communication, you and your clients can avoid situations that could lead to a financial loss or personal information being stolen.

    How to check 

    If you aren’t sure whether something is legitimate, start by checking contact details. Look up the contact information for the organisation and reach out to them directly via details you’ve sourced yourself.

    Next, look for red flags in the message. Be cautious of messages that: 

    • contain a hyperlink
    • create a sense of urgency or fear 
    • ask for personal information or payments 
    • contain spelling or grammar errors 
    • come from unofficial email addresses or phone numbers. Scammers are increasingly using legitimate looking email addresses, so if you aren’t sure, always double check. 

    Finally, cross-check any information mentioned in the message, such as a tax debt, or a problem with your account, through official sources. Always access our online services by typing the URL in a browser or via the ATO website.

    The ATO will never send unsolicited messages with hyperlinks or ask for personal information via email or SMS. To help protect your personal information, use your Digital ID, such as myID and set it to the highest level you can achieve to access our online services.

    By stopping and checking the authenticity of messages, calls, and emails you can protect yourself and your clients from impersonation scams.

    If you think a phone call, SMS, voicemail, email, or interaction on social media claiming to be from the ATO is not genuine, do not engage with it. You should either: 

    • go to Verify or report a scam to see how to spot and report a scam, or 
    • if you have divulged information or paid a scammer money, phone us on 1800 008 540. 

    For more information on staying scam safe, visit the ScamwatchExternal Link website.

    MIL OSI News –

    February 12, 2025

  • MIL-OSI: New Forests adopts Intapp DealCloud to bolster capital raising

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announces that New Forests has implemented Intapp DealCloud to modernize its investor relations and fundraising functions. New Forests is a global investment manager of nature-based real assets and natural capital strategies with teams spanning the United States, Southeast Asia, Africa, and Australia. The firm manages a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing, and infrastructure.

    Leading strategic change
    “With Intapp DealCloud, we are able to keep better track of our investors, and the entire fundraising process, to ensure we’re offering investors and prospective investors a more targeted and tailored approach to relationship management,” said Sarah Clawson, Global Head of Investor Relations at New Forests. “The AI capabilities within DealCloud will help streamline reporting, investor outreach, and follow ups.”

    Modernizing investor relations
    DealCloud provides New Forests’ investor relations teams with the insight they need to make important decisions and build long-term relationships with investors. It is a data-powered platform built for capital markets firms that centralizes critical proprietary and third-party data. Access to real-time data and analytics helps New Forests’ IR professionals cultivate existing and prospective investor relationships, build pipeline, organize investor events, and tailor thought leadership content.

    Using Applied AI, DealCloud furthers the modernization of investor relations processes through every stage of the process. With AI assistance, IR professionals can analyze data quickly and accurately, and make more informed decisions based on real-time insights, market trends, and existing firm knowledge. DealCloud’s AI capabilities also help automate everyday workflows, identify and communicate with potential new investors, and ensure investor and fundraising activity is recorded for future reference.

    Multiplying success with Intapp
    “We’re excited to work with New Forests, a leading investment manager across Australia, New Zealand, Southeast Asia, Africa and the United States,” said Rudy Saad, Global Head of Private Equity and Private Capital Markets at Intapp. “With Intapp DealCloud, their IR professionals are empowered with greater visibility into key investor interactions, more targeted business development campaigns, and ultimately better management of capital raising initiatives while automating more manual processes.”

    About Intapp 
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and LinkedIn. 

    About New Forests
    New Forests is a global investment manager of nature-based real assets and natural capital strategies, with A$11.6 billion in assets under management across more than 4.2 million hectares of investments. We manage a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing and infrastructure. We aim to generate shared prosperity for our clients and the communities in which we operate and accelerate the transition to a sustainable future (as at 30 June 2024).

    Headquartered in Sydney, New Forests is a Certified B Corp and operates in Australia, New Zealand, Southeast Asia, Africa and the United States. www.newforests.com.

    Intapp
    Ali Robinson
    Global Media Relations Director, Intapp
    press@intapp.com

    The MIL Network –

    February 12, 2025

  • MIL-OSI United Kingdom: New UK sanctions target Russian cybercrime network

    Source: United Kingdom – Executive Government & Departments

    A key Russian cybercrime syndicate responsible for aiding merciless ransomware attacks around the world has been targeted by new UK sanctions.

    • UK sanctions target Russian cyber entity, ZSERVERS responsible for facilitating crippling ransomware attacks globally
    • targets also include 6 ZSERVERS members who are part of a prolific cybercrime supply chain, and their UK front company XHOST
    • action on illicit Russian cybercrime syndicate is latest step to strengthen UK national security

    Fresh sanctions are targeting ZSERVERS, a key component of the Russian cybercrime supply chain, and 6 of its members, as well as its UK front company, XHOST Internet Solutions LP. ZSERVERS provide vital infrastructure for cybercriminals as they plan and execute attacks against the UK.    

    The illicit supply chain protects, supports and conceals the operations of some of the world’s most ruthless ransomware gangs. Ransomware actors rely on these services to launch attacks, extort victims and store stolen data.   

    In the modern digital-first economy, cyber security is a non-negotiable cornerstone of business success. A secure digital economy is a less attractive target for cybercriminals and a more attractive home for investment, generating jobs and putting more money into hardworking people’s pockets, delivering on this government’s Plan for Change. 

    Foreign Secretary, David Lammy, said:

    Putin has built a corrupt mafia state driven by greed and ruthlessness. It is no surprise that the most unscrupulous extortionists and cyber-criminals run rampant from within his borders.  

    This government will continue to work with partners to constrain the Kremlin and the impact of Russia’s lawless cyber underworld. We must counter their actions at every opportunity to safeguard the UK’s national security and deliver on our Plan for Change. 

    Predatory ransomware groups pose a clear and persistent threat to national security, public services and privacy. These attacks threaten critical national infrastructure, disrupt essential services, compromise sensitive data and generated $1 billion from their victims globally in 2023 alone.  

    Minister of State for Security, Dan Jarvis, said:

    Ransomware attacks by Russian affiliated cybercrime gangs are some of the most harmful cyber threats we face today and the government is tackling them head on. Denying cybercriminals the tools of their trade weakens their capacity to do serious harm to the UK.  

    We have already announced new world-first proposals to deter ransomware attacks and destroy their business model.  With these targeted sanctions and the full weight of our law enforcement, we are countering the threats we face to protect our national security, a foundation of our Plan for Change, and our economy.

    ZSERVERS explicitly advertise themselves to illicit actors as a Bulletproof Hosting (BPH) Provider. Some BPH are known to host hackers, misinformation, child exploitation material, spam and hate speech. BPH providers like ZSERVERS, protect and enable cybercriminals, offering a range of purchasable tools which mask their locations, identities, and activities. Targeting these providers can disrupt hundreds or thousands of criminals simultaneously.  

    Today’s action is the latest in a series of coordinated steps alongside US and Australian partners, and comes off the back of recent sanctions against notorious ransomware groups LockBit and Evil Corp.  

    LockBit affiliates are known to have used ZSERVERS as a launch pad for targeting the UK, enabling ransomware attacks against various targets, including the non-profit sector.   

    Protecting the nation from threats both physical and digital sits at the foundation of the government’s Plan for Change. That is why we are moving through the entire ransomware pipeline step by step, cracking down on Russian cybercriminals that threaten the UK’s security, integrity, and prosperity.

    Background 

    The full list of those sanctioned today:  

    • ZSERVERS  
    • XHOST Internet Solutions LP   
    • Aleksandr Bolshakov (employee)  
    • Aleksandr Mishin (employee)  
    • Ilya Sidorov (employee)  
    • Dmitriy Bolshakov (employee)  
    • Igor Odintsov (employee)  
    • Vladimir Ananev (employee)

    Further information on how our actions align with the UK government’s overall strategy to disrupt cybercrime, and how these actors support the broader cybercrime ecosystem: Ransomware, extortion and the cyber crime ecosystem, NCSC.GOV.UK 

    An overview of Bulletproof Hosting (BPH) providers from our Australian partners: “Bulletproof” hosting providers, Cyber.gov.au

    View the full UK Sanctions List and more information on UK sanctions relating to Russia.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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    Updates to this page

    Published 11 February 2025

    Invasion of Ukraine

    • UK visa support for Ukrainian nationals
    • Move to the UK if you’re coming from Ukraine
    • Homes for Ukraine: record your interest
    • Find out about the UK’s response

    MIL OSI United Kingdom –

    February 12, 2025

  • MIL-OSI: Anfield Energy to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Anfield Energy, Inc. (TSXV:AEC; OTCQB:ANLDF), with its uranium and vanadium asset portfolio based in the Southwestern United States and focused on development and the pursuit of near-term production, today announced that Corey Dias, Chief Executive Officer, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 11:30 AM ET
    LINK: https://bit.ly/4hPp1JA
    Available for 1×1 meetings: February 12th and 13th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Recently completed a $15 million equity financing
    • Announced its intention to pursue a listing of its shares on a senior US stock exchange
    • Announced that it had completed its 14-hole, 14,100-foot drill program at its Slick Rock uranium and vanadium project and outlined its 2025 plans to advance the project, including the pursuit of a Plan of Operations

    About Anfield Energy, Inc.

    Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the TSX Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Anfield Energy, Inc.
    Corey Dias
    Chief Executive Officer
    604-669-5762
    cdias@anfieldresources.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

    Cautionary Statement Regarding Forward-Looking Information

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the anticipated use of proceeds from the Equity Financing, the receipt of regulatory approvals with respect to the Equity Financing and the intention to pursue a listing on a US stock exchange.

    Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

    Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will use the proceeds of the Equity Financing as currently anticipated; that the Company will receive regulatory approval with respect to the Equity Financing; and that the Company will be able to pursue a listing on a US stock exchange. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

    There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company may not use the proceeds of the Equity Financing as currently anticipated; that the Company may not receive regulatory approval with respect to the Equity Financing; the risk that the Company may not have the resources, or may otherwise be unable to pursue a listing on a US stock exchange; risks relating to the actual results of the Company’s operational activities, fluctuating commodity prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

    Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

    The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We seek safe harbor.

    The MIL Network –

    February 12, 2025

  • MIL-OSI: Silver Tiger Metals to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Nova Scotia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) based in Halifax, Nova Scotia, focused on Developing Production at the El Tigre Silver Mining District in Sonora Mexico, today announced that Glenn Jessome President & CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 1:00pm EST
    LINK: https://bit.ly/3Ex4Xxc
    Available for 1×1 meetings: February 12th / 13th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    About Silver Tiger and the El Tigre Historic Mine District

    Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. 

    Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023. 

    The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz. 

    Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the first half of 2025.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Silver Tiger Metals Inc.
    Devin Devarennes
    VP Investor Relations
    902-233-3656
    Devin@silvertigermetals.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

    February 12, 2025

  • MIL-OSI: Red Pine Exploration to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF), based in Toronto, focused on Gold exploration in Canada, today announced that Michael Michaud, President and CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 1:30 pm (EST)
    LINK: https://bit.ly/3CX0cMV
    Available for 1×1 meetings: February 13-17

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Recent Drilling at the Wawa Gold Project has Expanded Gold System
    • Recent Mineral Resource Estimate increased by 150% ounces of gold
    • Fully Funded to complete 25,000 metre drill program

    About Red Pine Exploration Inc.

    Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company’s shares trade on the TSX Venture Exchange under the symbol “RPX” and on the OTCQB Markets under the symbol “RDEXF”.

    The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. The Company’s land package hosts numerous historic gold mines and is over 7,000 hectares in size. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Red Pine Exploration Inc.
    Michael Michaud
    President and CEO
    905-410-3191
    mmichaud@redpineexp.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

    February 12, 2025

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Restores Section 232 Tariffs

    Source: The White House

    COUNTERING TRADE PRACTICES THAT UNDERMINE NATIONAL SECURITY: Yesterday, President Donald J. Trump signed proclamations to close existing loopholes and exemptions to restore a true 25% tariff on steel and elevate the tariff to 25% on aluminum.

    • President Trump is taking action to protect America’s critical steel and aluminum industries, which have been harmed by unfair trade practices and global excess capacity.
    • President Trump is reinstating the full 25% tariff on steel imports and increasing tariffs on aluminum imports to 25%.
      • Key reforms include eliminating all alternative agreements, applying strict “melted and poured” standards, expanding tariffs to include key downstream products, terminating all general approved exclusions, and cracking down on tariff misclassification and duty evasion schemes.
    • The countries of Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the European Union, Ukraine, and the United Kingdom had received exemptions, which prevented the tariffs from being effective.
      • By granting exemptions to certain countries, the United States inadvertently created loopholes that were exploited by China and others with excess steel and aluminum capacity, undermining the purpose of these exemptions.
    • The President is exercising his authority under Section 232 of the Trade Expansion Act of 1962 to adjust imports of steel and aluminum to protect our national security.
      • This statute provides the President with authority to adjust imports being brought into the United States in quantities or under circumstances that threaten to impair national security.
      • In March 2018, President Trump invoked authority under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. § 1862) to impose 25% tariffs on steel imports and 10% tariffs on aluminum.  These measures were remarkably effective in supporting recovery and reinvestment in the American steel industry and saved the domestic primary aluminum industry from total collapse. But exemptions and loopholes have permitted evasion of the tariffs and weakened the effectiveness of the program.
      • The reinvigorated Section 232 tariffs on steel and aluminum will support the program’s original objective of revitalizing the domestic steel and aluminum industries and achieving sustainable capacity utilization of at least 80%.

    RESTORING FAIRNESS TO STEEL AND ALUMINUM MARKETS: President Trump is taking action to end unfair trade practices and the global dumping of steel and aluminum.

    • Foreign nations have been flooding the United States market with cheap steel and aluminum, often subsidized by their governments.
    • A report from the first Trump Administration found that steel import levels and global excess were weakening our domestic economy and threatening to impair national security.
      • The report found that excess production and capacity, particularly in China, has been a major factor in the decline of domestic aluminum production.
    • While the domestic steel industry briefly achieved 80% utilization in 2021, subsequent trade pressure following the COVID-19 pandemic has depressed domestic production.  In 2022 and 2023, capacity utilization fell to 77.3% and 75.3%, respectively.  High import volumes from sources exempt from Section 232 tariffs are a major factor in depressing domestic production volumes. 
    • For aluminum, there was an increase in the capacity utilization rate between 2017 and 2019, from 40% to 61% during that period. But since 2019, the aluminum capacity utilization has once again seen a steady decline, falling from 61% to 55% between 2019 and 2023.  
    • The United States does not want to be in a position where it would be unable to meet demand for national defense and critical infrastructure in a national emergency.

    STRENGTHENING AMERICA’S MANUFACTURING INDUSTRY: President Trump’s decision to close existing loopholes and exemptions will strengthen United States’ steel and aluminum industries.

    • In his first term, President Trump imposed Section 232 tariffs to protect the American steel and aluminum industries from unfair foreign competition.
    • The steel tariffs that President Trump implemented led to thousands of jobs gained and higher wages in the metals industry.
      • These tariffs were hailed as a “boon” for Minnesota’s iron ore industry, with state officials crediting tariffs for bolstering the local economy. 
      • Steel and aluminum imports drastically decreased under President Trump, falling by nearly a third from 2016 to 2020.
      • The tariffs led to a wave in investment across the United States, with more than $10 billion committed to build new mills.
    • It was recently announced that Hyundai Steel is actively considering building a steel plant in the United States.
    • U.S. steelmakers, including the American Iron and Steel Institute and the Steel Manufacturers Association, have praised President Trump’s America First trade policy.

    TARIFFS WORK: Studies have repeatedly shown that contrary to public rhetoric, tariffs can be an effective tool for achieving economic and strategic objectives.

    • A 2024 study on the effects of President Trump’s tariffs in his first Administration found that they “strengthened the U.S. economy,” and “led to significant reshoring” in industries like manufacturing and steel production.
    • A 2023 report by the U.S. International Trade Commission that analyzed the effects of Section 232 and 301 tariffs on more than $300 billion of U.S. imports found that the tariffs reduced imports from China, effectively stimulated more U.S. production of the tariffed goods, with very minor effects on prices.
    • According to the Economic Policy Institute, the tariffs implemented by President Trump during his first Administration “clearly show[ed] no correlation with inflation” and only had a temporary effect on overall price levels.
    • An analysis from the Atlantic Council found that “tariffs would create new incentives for US consumers to buy US-made products.”
    • Former Biden Treasury Secretary Janet Yellen affirmed last year that tariffs do not raise prices: “I don’t believe that American consumers will see any meaningful increase in the prices that they face.”

    A 2024 economic analysis found that a global tariff of 10% would grow the economy by $728 billion, create 2.8 million jobs, and increase real household incomes by 5.7%.

    MIL OSI USA News –

    February 12, 2025

  • MIL-OSI Global: Camp Hill virus explained: what are the risks of a henipavirus outbreak in America?

    Source: The Conversation – UK – By Shirin Ashraf, Postdoctoral Researcher, MRC-Centre for Virus Research, University of Glasgow

    A new pathogen, called Camp Hill virus, was recently discovered in Alabama, drawing attention to a group of viruses known as henipaviruses. This is a big deal because other viruses in this group are linked to serious, often fatal, disease, and this is the first time one of them has been found in North America.

    Camp Hill virus was discovered by looking at tissue samples from short-tailed shrews that were collected in 2021. It’s a new species of virus that’s related to other dangerous viruses such as Nipah and Hendra, which have caused serious outbreaks in other parts of the world. It’s also distantly related to the measles virus.

    The first known henipavirus, Hendra virus, was identified in Australia in 1994. There have been just seven cases of humans getting infected – four of them were fatal.

    Nipah virus, discovered in Malaysia in 1998, is much more deadly. It has caused 30 outbreaks in south-east Asia, infecting over 600 people, with death rates as high as 100% in some cases.

    These viruses usually cause fever and other serious symptoms, such as brain swelling and difficulty breathing. They are thought to be carried by bats and can spread to humans through their saliva or urine. Horses are also thought to be carriers.

    Thanks to new technology that allows scientists to study the genetics of viruses, they’ve now found nearly 20 species of henipaviruses around the world. These viruses have been found on every continent except Antarctica, including places like Ghana, China, Australia and Brazil. This shows that henipaviruses are probably common in nature, and new ones could pop up almost anywhere.

    For example, in China, a virus called Mojang virus was linked to the deaths of three workers who were exposed to it in a mine. Another virus, Langya, spread by shrews, caused an outbreak in which 35 people got sick – although they all recovered.

    So far, other henipaviruses haven’t caused human infections, but the potential is there.

    The rapid growth in our understanding of these viruses comes from improvements in technology and global efforts to study diseases. But it also reminds us that viruses can suddenly jump from animals to humans in unpredictable ways.

    Whether a virus can harm humans depends on how well it can infect human cells, and how badly it affects the body. Some viruses cause mild symptoms, while others can lead to life-threatening diseases. Studying these viruses requires scientists to look closely at their genetic code and run laboratory tests to understand how they work.

    Henipaviruses can infect many animals, including bats, horses, monkeys, dogs, cats and even rodents. This means they are more adaptable and have a higher chance of jumping from animals to humans in different ways. In comparison, a virus like measles can only infect humans, which makes it less likely to spread to other species.

    No drugs or vaccines … yet

    There is no cure for henipavirus infections, but researchers are working on a vaccine for Nipah virus. Some new treatments, such as monoclonal antibodies, are also being developed but aren’t ready for use yet. This makes Nipah and Hendra viruses major public health concerns. The World Health Organization has called for more research to help fight them.

    While there’s no evidence that Camp Hill virus has infected any humans yet – and the chances of it doing so are low – its discovery in North America is a reminder that viruses can emerge anywhere. Even though shrews usually live in forests and don’t come into much contact with people, the potential for the virus to spread remains a worry.

    The more we learn about these viruses, the better we’ll be at creating vaccines that can protect us from both known and new threats. Keeping up with research and staying prepared is crucial to protecting global health from future outbreaks.

    Shirin Ashraf 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. Camp Hill virus explained: what are the risks of a henipavirus outbreak in America? – https://theconversation.com/camp-hill-virus-explained-what-are-the-risks-of-a-henipavirus-outbreak-in-america-249183

    MIL OSI – Global Reports –

    February 12, 2025

  • MIL-OSI Economics: Thales and Bharat Dynamics Ltd Agree on Initial Supply of Man Portable Air Defence systems to India

    Source: Thales Group

    Headline: Thales and Bharat Dynamics Ltd Agree on Initial Supply of Man Portable Air Defence systems to India

    11 Feb 2025

    Share this article

    • Thales and Bharat Dynamics Limited (BDL) will provide a first supply of Laser Beam Riding MANPAD (LBRM) Very Short Range Air Defence (VSHORAD) Missiles and launchers to the Indian Ministry of Defence. This is a major success, following on from the signing of the Partnership Agreement in 2021 between Thales and BDL to work on the LBRM, with the support of the Indian and UK Governments.
    • This agreement will improve India’s Air Defence capabilities to enable them to enhance their national security with a highly accurate and countermeasure-resistant up-to-date technology.
    • LBRM, manufactured up to 60% in India, are short-range, man-portable, air-defence systems and optimised to provide defence against air threats, including fixed-wing Fighter Ground Attack aircraft and late unmasking Attack Helicopters, as well as drones.
    ©Thales

    Bengaluru, 10 February 2025: Thales and Bharat Dynamics Limited (BDL) are proud to announce the signing of an initial supply of Laser Beam Riding Man Portable Air Defence systems (LBRM) in response to a requirement set out by the Indian Government to support India’s air defence capabilities.

    This initial supply of High Velocity Missiles (STARStreak) and launchers will be delivered this year and represents the first time that India has received this latest VSHORAD capability. This step confirms the foundation of a long-term collaboration and manufacturing partnership between Thales and BDL. In the spirit of the ‘Make in India’ initiative, this partnership will serve the current and future requirements of the Indian Ministry of Defence.

    Thales, together with BDL, is committed to the transfer of technology (ToT) of battle proven capabilities to India to equip the Indian Armed Forces.

    This contract represents the first major agreement since the establishment of the United Kingdom’s Defence Partnership-India, a bespoke programme office breaking down barriers to trade and offering government-to-government contracting, where appropriate, further solidifying the defence and security relationship between the two nations. This contract also reflects Thales’ long-term partnership of 70+ years with India, serving as a testimony to its continued growth.

    A production partnership with India will also increase UK production at the Thales Belfast site, where LBRM is designed.

    Lord Vernon Coaker, Minister of State for Defence, said: “This exciting collaboration is just one of the ways that we are growing our defence relationship and partnership with India. While supporting India’s air defence capability and global security, this agreement also demonstrates defence as an engine for growth and delivers on the government’s Plan for Change.”

    “This is a momentous occasion for all the stakeholders involved in the development of LBRM Air Defence solutions. It signifies the beginning of an exciting chapter in our collaboration with BDL, contributing to the Aatmanirbhar Bharat vision. The UK-India strategic partnership finds renewed strength through this contract, which is poised to make a significant impact in the domain of air defence in India.” declared Pascale Sourisse, President & CEO, Thales International.

    “We are pleased to take our collaboration with Thales to this next significant step, enhancing our contribution to the defence ecosystem and our ability to support existing and future LBRM Air Defence customers. This initiative aligns perfectly with our Government’s ‘Make in India,’ ‘ease of doing business,’ and ‘Aatmanirbhar Bharat’ programmes, giving a major boost to the local industry through partnerships with global organisations like Thales.” said Cmde A Madhavarao (retd.), Chairman and Managing Director, Bharat Dynamics Limited.

    “The signing of this contract with BDL and Thales to support India’s air defence capability is a huge stride forward in strengthening our partnership with India. I am proud to see that Thales’ expertise in the domain of Air defence will bring vital, battle proven capabilities to India.” said Phil Siveter, CEO of Thales in the UK.

    About LBRM

    High Velocity Missiles (STARStreak) are a truly versatile, complex weapon system. Designed for very short-range air defence, they are the fastest missiles in their class at Mach >3.0. They are best suited to address late unmasking threats such as fixed and rotary wing targets, Unmanned Aerial Systems (UAS) and pop-up attack helicopters.

    Thales is a world leader in the provision of Air Defence solutions and in particular of complex weapon systems and has been a trusted partner of forces in this field for more than 60 years.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence & Security, Aerospace, and Cyber & Digital.

    It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

    Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

    About BDL

    BDL, right from its inception in the year 1970, has been in the forefront of Defence Technology to manufacture state of the art, cost-effective Missile systems, underwater weapons and allied defence equipment to the Indian Armed Forces. With the domain expertise, BDL participates in the indigenously developed missile programs by DRDO, ToT from Foreign OEMs or co-developed using in house R&D and manufactures the world class products for the domestic and international market.

    About Thales in India

    Present in India since 1953, Thales is headquartered in Noida and has other operational offices and sites spread across Delhi, Bengaluru and Mumbai, among others. Over 2200 employees are working with Thales and its joint ventures in India. Since the beginning, Thales has been playing an essential role in India’s growth story by sharing its technologies and expertise in Defence, Aerospace and Cyber & Digital markets. Thales has two engineering competence centres in India – one in Noida focused on Cyber & Digital business, while the one in Bengaluru focuses on hardware, software and systems engineering capabilities for both the civil and defence sectors, serving global needs.

    PRESS CONTACTS

    Bharat Dynamics Ltd

    Homnidhi Sharma

    +91 94939 84976

    bdlbd-pr@bdl-india.in

    Thales, Group Media Relations

    Defence

    Camille Heck

    +33 6 73 78 33 63

    camille.heck@thalesgroup.com

    Thales, Communications in India

    Pawandeep Kaur

    +91 9990098828

    pawandeep.kaur@thalesgroup.com

    MIL OSI Economics –

    February 12, 2025

  • MIL-OSI Asia-Pac: LOGISTICS PERFORMANCE INDEX

    Source: Government of India (2)

    Posted On: 11 FEB 2025 4:08PM by PIB Delhi

    As per the World Bank’s Logistics Performance Index (LPI), 2023 India moved up to 22nd Rank in the Global Ranking in International Shipments category and the Overall 38th Rank in Logistics Performance Index score. Indian Ports have registered quantum improvement in “Turn Around Time”. Global comparison of Indian Ports on “Turn Around Time” parameter, as published in World Bank’s Logistics Performance Index (LPI) Report-2023, acknowledges Indian Ports “Turn Around Time” as 0.9 days which is better than USA (1.5 days), Australia (1.7 days), Belgium (1.3 days), Canada (2.0 days), Germany (1.3 days), UAE (1.1 days), Singapore (1.0 days), Russian Federation (1.8 days), Malaysia (1.0 days), Ireland (1.2 days), Indonesia (1.1 days), New Zealand (1.1 days) and South Africa (2.8 days).

    The Maritime Amrit Kaal Vision 2047 was developed in alignment with the principles of the blue economy. It outlines long-term aspirations for India’s maritime sector and provides a broad action plan for implementation. The vision aims to transform the sector through various key initiatives, including the expansion of port capacity through greenfield and brownfield developments, enhancing operational efficiency by leveraging automation and digitization, and making the sector more sustainable through green initiatives such as the development of hydrogen hubs. In addition to sustainability, the vision emphasizes the development of islands and the cruise sector, aiming to boost coastal tourism and related infrastructure. It also focuses on strengthening maritime capacity building by enhancing workforce training and skill development. Furthermore, the vision aspires to elevate India’s global maritime presence by increasing participation in international maritime platforms. Another critical area of focus is the shipbuilding and repair sector. The vision seeks to position India as a global leader in shipbuilding while also working toward increasing the country’s shipping tonnage. To achieve these ambitious objectives, the strategy proposes a comprehensive set of interventions spanning infrastructure development, policy reforms, technological advancements, institutional strengthening, and regulatory enhancements.

    GMIS 2023 attracted investment commitment of ₹10 lakh crore. This includes signing of 360 MoUs, with an investment commitment of ₹8.35 lakh crore (including international collaborations), and the announcement of additional investible projects worth ₹1.68 lakh crore.

    This information was given by the Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal in Rajya Sabha, today.

    ***

    G.D. Hallikeri/Henry

    (Release ID: 2101760) Visitor Counter : 42

    MIL OSI Asia Pacific News –

    February 12, 2025

  • MIL-OSI Asia-Pac: Import of poultry meat and products from areas in Poland, Korea and Australia suspended

    Source: Hong Kong Government special administrative region

    Import of poultry meat and products from areas in Poland, Korea and Australia suspended
    Import of poultry meat and products from areas in Poland, Korea and Australia suspended
    ***************************************************************************************

         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (February 11) that in view of notifications from the World Organisation for Animal Health (WOAH) about outbreaks of highly pathogenic H5N1 avian influenza in Lipno District of Kujawsko-pomorskie Region in Poland, Hampyeong-gun of Jeollanam-do Province and Gumi-si of Gyeongsangbuk-do Province in Korea; and an outbreak of highly pathogenic H7N8 avian influenza in Strathbogie Shire of the State of Victoria in Australia, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the above-mentioned areas with immediate effect to protect public health in Hong Kong.     A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 6 600 tonnes of frozen poultry meat from Poland; about 80 tonnes of chilled and frozen poultry meat, and about 21.9 million poultry eggs from Korea; and about 1 030 tonnes of chilled and frozen poultry meat, and about 11.36 million poultry eggs from Australia last year.     “The CFS has contacted the Polish, Korean and Australian authorities over the issues and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreaks. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

     
    Ends/Tuesday, February 11, 2025Issued at HKT 18:32

    NNNN

    MIL OSI Asia Pacific News –

    February 12, 2025

  • MIL-OSI Asia-Pac: WAVES 2025 “Reel Making” Challenge

    Source: Government of India

    Posted On: 11 FEB 2025 3:48PM by PIB Delhi

    Shaping the Future of Storytelling, One Reel at a Time

     

    Introduction

    The WAVES 2025 “Reel Making” Challenge is a unique competition that empowers creators and enthusiasts to showcase their storytelling skills using Meta’s tools through a concise 30-90 second film format. Organised by the Internet and Mobile Association of India in partnership with the Ministry of Information and Broadcasting, the challenge has received an overwhelming response, with 3,379 registrations from across India and 20 countries as of February 5, 2025. It provides a platform for digital creators to experiment, innovate, and push the boundaries of short-form content.

    This challenge is part of the Create in India Challenges, a flagship initiative under the World Audio Visual & Entertainment Summit (WAVES), which will be held from 1st to 4th May 2025 at Jio World Convention Centre & Jio World Gardens, Mumbai. WAVES is a premier global platform fostering discussions, collaboration, and innovation in the Media & Entertainment (M&E) industry. Bringing together industry leaders and stakeholders, the summit will explore emerging opportunities, address challenges, and strengthen India’s position as a global creative hub. With over 70,000 registrations across 31 competitions, the Create in India Challenges continue to fuel creativity, talent, and international participation.

    WAVES 2025: Uniting Creators Worldwide

    The “Reel Making” Challenge, launched as a key initiative under WAVES 2025, underscores India’s emergence as a global hub for media and entertainment while reflecting the rapid growth of its digital creator economy. It aligns with the Government of India’s “Create in India” vision, fostering talent from across the nation and beyond.

    The challenge has attracted notable international participation from countries including Afghanistan, Albania, the United States, Andorra, Antigua and Barbuda, Bangladesh, UAE, Australia, and Germany, among others. This global reach highlights India’s increasing influence in the creative sector and the growing appeal of WAVES as a premier platform for content creators worldwide.

    Domestically, entries have come from diverse and remote locations across India, such as Tawang (Arunachal Pradesh), Dimapur (Nagaland), Kargil (Ladakh), Leh, Shopian (Kashmir), Port Blair (Andaman & Nicobar Islands), Teliamura (Tripura), Kasaragod (Kerala), and Gangtok (Sikkim). The strong response from smaller towns and emerging creative hubs showcases India’s rich storytelling traditions and thriving digital ecosystem.

    Participants above the age of 20 are required to create reels on themes such as “Viksit Bharat,” highlighting India’s technological and infrastructure advancements, and “India @ 2047,” envisioning the nation’s future growth. These themes provide a platform for storytellers to capture India’s innovation journey, demonstrating their creativity and vision for the country’s progress.

     

    Themes

     

    1. Food: Celebrate India’s rich culinary heritage, from street food delights to regional specialties.

     

    1. Travel: Capture India’s breathtaking landscapes, iconic landmarks, and hidden gems.

     

    1. Fashion: Explore the fusion of traditional and modern Indian fashion.

     

    1. Dance & Music: Showcase India’s vibrant rhythms, from classical performances to contemporary beats.

     

    1. Gaming: Dive into India’s evolving gaming culture and its impact on entertainment.

     

    1. Yoga & Wellness: Highlight the essence of holistic living through yoga, Ayurveda, and well-being practices.

     

    1. Road Trips: Share the thrill of Indian road trips, scenic routes, and travel adventures.

     

    1. Tech: Unleash creativity with AR, VR, and digital innovations shaping the future.

    Rules

    Reel Guidelines

    Rewards & Recognition

     

    1. Exclusive invitation to a Meta-hosted event and a reels masterclass in 2025.

     

    1. All-expenses-paid access to the WAVES event.

     

    1. Winning reels featured in the WAVES Hall of Fame, official website, and social media.

     

    1. Ministry-backed support for finalists to compete in global content creator competitions.

     

      

    References:

    https://wavesindia.org/challenges-2025

    https://eventsites.iamai.in/Waves/reelmaking/

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2099990

     Click here to download PDF

    ****

    Santosh Kumar/ Sarla Meena/ Saurabh Kalia

    (Release ID: 2101742) Visitor Counter : 39

    MIL OSI Asia Pacific News –

    February 12, 2025

  • MIL-OSI: Royalty Pharma Reports Q4 and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    • Portfolio Receipts of $742 million in Q4 2024 and $2,801 million for FY 2024
    • Royalty Receipts growth of 12% in Q4 2024 and 13% for FY 2024
    • Net cash provided by operating activities of $743 million in Q4 2024 and $2,769 million for FY 2024
    • Full year 2025 guidance: Portfolio Receipts expected to be $2,900 to $3,050 million excluding future transactions

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the fourth quarter and full year 2024 and introduced full year 2025 guidance for Portfolio Receipts.

    “We had an incredibly successful 2024, delivering double-digit growth in Royalty Receipts, which was significantly above our initial guidance, and deploying $2.8 billion of capital on value-enhancing royalties” said Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer. “We are very excited for the opportunities ahead as the fundamentals of our business have never been stronger. Additionally, we have already taken two major steps at the start of 2025 to enhance shareholder value, announcing the acquisition of our external manager, which is expected to result in multiple financial and strategic benefits, and a new $3 billion share repurchase program, which highlights the confidence we have in our business and the attractive value we see in our shares. With a robust transaction pipeline and significant financial flexibility, I am confident that Royalty Pharma is well positioned to deliver attractive, compounding growth over the long term.”

    Strong Royalty Receipts growth; Portfolio Receipts growth impacted by a high base of comparison

    • Royalty Receipts grew 12% to $729 million in the fourth quarter and 13% to $2,771 million for full year 2024, driven by strong performance from Evrysdi, the CF franchise, Trelegy, Tremfya and new royalty acquisitions.
    • Portfolio Receipts increased 1% to $742 million in the fourth quarter of 2024; Portfolio Receipts decreased 8% from $3,049 million to $2,801 million for full year 2024, largely reflecting $525 million in Biohaven-related milestone payments received in 2023.

    Capital Deployment of $2.8 billion in 2024 with royalties on eight new therapies added to the portfolio

    • Record year for synthetic royalty transactions for Royalty Pharma with $925 million announced in 2024.
    • Significantly expanded development-stage portfolio by acquiring royalties on four potential new therapies.

    Exciting new product launches expected across the royalty portfolio in 2025

    • Royalty Pharma to benefit in 2025 from new product launches, including Servier’s Voranigo, Bristol Myers Squibb’s Cobenfy, Ascendis’ Yorvipath, Syndax and Incyte’s Niktimvo and Geron’s Rytelo.

    Financial guidance for full year 2025 (excludes contribution from future transactions)

    • Royalty Pharma expects 2025 Portfolio Receipts to be between $2,900 million and $3,050 million, representing expected growth of 4% to 9%.

    Financial & Liquidity Summary

      Three Months Ended
    December 31,    		 Twelve Months Ended
    December 31,
      (unaudited)
    ($ and shares in millions) 2024 2023 Change 2024 2023 Change
    Portfolio Receipts 742 736 1% 2,801 3,049 (8)%
    Net cash provided by operating activities 743 773 (4)% 2,769 2,988 (7)%
    Adjusted EBITDA (non-GAAP)* 669 682 (2)% 2,565 2,806 (9)%
    Portfolio Cash Flow (non-GAAP)* 678 687 (1)% 2,452 2,708 (9)%
    Weighted average Class A ordinary shares outstanding – diluted 589 598 (1)% 594 603 (1)%

    *See “Liquidity and Capital Resources” section. Adjusted EBITDA and Portfolio Cash Flow are non-GAAP liquidity measures calculated in accordance with the credit agreement.

    Portfolio Receipts Highlights

          Three Months Ended December 31,
          (unaudited)
    ($ in millions)     2024 2023 Change
    Products: Marketers: Therapeutic Area:      
    Cystic fibrosis franchise Vertex Rare disease 237 207 14%
    Trelegy GSK Respiratory 74 60 23%
    Tysabri Biogen Neuroscience 61 68 (11)%
    Evrysdi Roche Rare disease 56 20 182%
    Xtandi Pfizer, Astellas Cancer 46 38 20%
    Imbruvica AbbVie, J&J Cancer 46 50 (10)%
    Promacta Novartis Hematology 44 44 (1)%
    Tremfya Johnson & Johnson Immunology 39 35 11%
    Cabometyx/Cometriq Exelixis, Ipsen, Takeda Cancer 20 18 11%
    Spinraza Biogen Rare disease 15 17 (13)%
    Orladeyo BioCryst Rare disease 11 8 36%
    Trodelvy Gilead Cancer 11 10 10%
    Erleada Johnson & Johnson Cancer 11 9 25%
    Nurtec ODT/Zavzpret Pfizer Neuroscience 7 5 49%
    Other products(5) 54 63 (14)%
    Royalty Receipts 729 651 12%
    Milestones and other contractual receipts 13 84 (85)%
    Portfolio Receipts 742 736 1%

    Results for full year 2024 and 2023 are shown in Table 5. Amounts shown in the table may not add due to rounding.

    Royalty Receipts was $729 million in the fourth quarter of 2024, an increase of 12% as compared to $651 million in the fourth quarter of 2023. The increase was primarily driven by strong growth from Evrysdi, the cystic fibrosis franchise, Trelegy, Xtandi and Tremfya. Royalty receipts from Evrysdi included the benefit of the additional royalties acquired in October 2023 and June 2024.

    Portfolio Receipts was $742 million in the fourth quarter of 2024, an increase of 1% as compared to $736 million in the fourth quarter of 2023. The increase was primarily driven by the same Royalty Receipts increases noted above, offset by a decrease in milestones and other contractual receipts, which reflected a $50 million payment related to the oral formulation of zavegepant in the prior period.

    Liquidity and Capital Resources

    Royalty Pharma’s liquidity and capital resources are summarized below:

    As of December 31, 2024, Royalty Pharma had cash and cash equivalents of $929 million and total debt with principal value of $7.8 billion.

    During the fourth quarter of 2024, Royalty Pharma repurchased approximately two million Class A ordinary shares for $50 million. For full year 2024, Royalty Pharma repurchased approximately eight million Class A ordinary shares for $230 million. The weighted-average number of diluted Class A ordinary shares outstanding for the fourth quarter of 2024 was 589 million as compared to 598 million for the fourth quarter of 2023. The weighted-average number of diluted Class A ordinary shares outstanding for full year 2024 was 594 million as compared to 603 million for full year 2023.

    In January 2025, Royalty Pharma’s Board of Directors authorized a new share repurchase program under which Royalty Pharma may repurchase up to $3.0 billion of its Class A ordinary shares. Royalty Pharma intends to repurchase $2.0 billion of its shares in 2025, subject to market conditions. The total value of shares repurchased will depend on the discount to the intrinsic value at which its Class A ordinary shares are trading. This new share repurchase program replaces the unused $465 million of the company’s original $1.0 billion share repurchase program that was announced in March 2023.

    Liquidity Summary

      Three Months Ended
    December 31,    		 Twelve Months Ended
    December 31,
      (unaudited)
    ($ in millions) 2024   2023   2024   2023  
    Portfolio Receipts 742   736   2,801   3,049  
    Payments for operating and professional costs (72)   (54)   (236)   (243)  
    Adjusted EBITDA (non-GAAP) 669   682   2,565   2,806  
    Interest received/(paid), net 8   5   (113)   (98)  
    Portfolio Cash Flow (non-GAAP) 678   687   2,452   2,708  

    Amounts may not add due to rounding.

    • Adjusted EBITDA (non-GAAP) was $669 million in the fourth quarter of 2024. Adjusted EBITDA is calculated as Portfolio Receipts minus payments for operating and professional costs.
    • Portfolio Cash Flow (non-GAAP) was $678 million in the fourth quarter of 2024. Portfolio Cash Flow is calculated as Adjusted EBITDA minus interest paid or received, net. This measure reflects the cash generated by Royalty Pharma’s business that can be redeployed into value-enhancing royalty acquisitions, used to repay debt, returned to shareholders through dividends or share purchases, or utilized for other discretionary investments.

    Refer to Table 4 for Royalty Pharma’s reconciliation of each non-GAAP measure to the most directly comparable GAAP financial measure, net cash provided by operating activities.

    Capital Deployment was $522 million in the fourth quarter of 2024, consisting primarily of the acquisitions of royalties on Niktimvo and Rytelo. Capital Deployment reflects cash payments during the period for new and previously announced transactions. Capital Deployment was $2.8 billion for full year 2024.

    The table below details Capital Deployment by category:

    Capital Deployment

      Three Months Ended
    December 31,    		 Twelve Months Ended
    December 31,
      (unaudited)
    ($ in millions) 2024   2023   2024   2023  
    Acquisitions of financial royalty assets (496)   (1,002)   (2,506)   (2,116)  
    Development-stage funding payments – upfront and milestone —   —   —   (50)  
    Development-stage funding payments – ongoing (1)   (1)   (2)   (2)  
    Purchases of available for sale debt securities —   —   (150)   —  
    Milestone payments (25)   —   (75)   (12)  
    Investments in equity method investees —   (2)   (11)   (13)  
    Acquisitions of other financial assets —   —   (18)   —  
    Contributions from legacy non-controlling interests – R&D 0   0   1   1  
    Capital Deployment (522)   (1,005)   (2,761)   (2,192)  

    Amounts may not add due to rounding.

    In January 2025, Royalty Pharma announced the sale of the MorphoSys Development Funding Bonds for $511 million in upfront cash (press release). This payment, combined with payments previously received, results in total cash proceeds of $530 million on the $300 million investment that was made in September 2022. The proceeds strengthen Royalty Pharma’s balance sheet and provide added flexibility to pursue its disciplined capital allocation strategy.

    Royalty Transactions

    For full year 2024, Royalty Pharma announced new transactions of up to approximately $2.8 billion. The announced transactions amount reflects the entire amount of capital committed for new transactions during the year, including potential future milestones.

    Recent transactions include:

    • In November 2024, Royalty Pharma acquired a synthetic royalty on Rytelo from Geron Corporation for an upfront payment of $125 million (press release). Rytelo is approved for the treatment of certain adult patients with low- to intermediate-1 risk myelodysplastic syndromes with transfusion-dependent anemia. Following the acquisition, Royalty Pharma is entitled to receive tiered royalties on U.S. net sales on Rytelo.
    • In November 2024, Royalty Pharma acquired a synthetic royalty on Niktimvo from Syndax Pharmaceuticals, Inc. for an upfront payment of $350 million (press release). Niktimvo is approved for the treatment of chronic graft-versus-host disease and will be co-commercialized by Incyte. Following the acquisition, Royalty Pharma is entitled to receive royalties on U.S. net sales on Niktimvo.

    The information in this section should be read together with Royalty Pharma’s reports and documents filed with the SEC at www.sec.gov and the reader is also encouraged to review all other press releases and information available in the Investors section of Royalty Pharma’s website at www.royaltypharma.com.

    Internalization Transaction

    In January 2025, Royalty Pharma agreed to acquire its external manager, RP Management, LLC (the “Manager”) (press release). This transaction to simplify Royalty Pharma’s corporate structure is expected to result in multiple benefits for shareholders. On a financial basis, the acquisition is expected to reduce costs and enhance economic returns on investments. Specifically, the acquisition will generate cash savings of greater than $100 million in 2026, rising to greater than $175 million in 2030 and driving cumulative savings of greater than $1.6 billion over ten years. The acquisition also increases shareholder alignment, enhances corporate governance, ensures management continuity and simplifies Royalty Pharma’s corporate structure.

    The total transaction value of approximately $1.1 billion(7) consists of approximately 24.5 million shares of Royalty Pharma equity that will vest over five to nine years, approximately $100 million in cash(8), and the assumption of $380 million of the Manager’s existing debt.

    The closing of the internalization transaction is subject to shareholders’ approval of the issuance of the share consideration and other customary closing conditions, including required regulatory approvals. The transaction is estimated to close during the second quarter of 2025.

    Key Developments Relating to the Portfolio

    The key developments related to Royalty Pharma’s royalty interests are discussed below based on disclosures from the marketers of the products.

    TEV-‘749 In January 2025, Teva announced that TEV-‘749 (olanzapine LAI) achieved Phase 3 targeted injections without PDSS (post-injection delirium/sedation syndrome), and the full safety presentation is expected in the second quarter of 2025.
    Cystic fibrosis franchise In December 2024, Vertex announced the U.S. Food and Drug Administration (FDA) approval of the new triple-combination modulator Alyftrek (vanzacaftor triple) for the treatment of cystic fibrosis in people ages 6 and older with at least one responsive mutation.

    In November 2024, Vertex announced that it had completed regulatory submissions for the vanzacaftor triple in the European Union, the United Kingdom, Canada, Australia, New Zealand and Switzerland, and reviews are underway.
    Skytrofa In December 2024, Ascendis announced the U.S. FDA accepted for review its supplemental Biologics License Application (sBLA) in adult growth hormone deficiency for Skytrofa. The FDA set a Prescription Drug User Fee Act (PDUFA) goal date of July 27, 2025.
    aficamten In December 2024, Cytokinetics announced that the FDA accepted its New Drug Application (NDA) for aficamten for the treatment of Obstructive Hypertrophic Cardiomyopathy. The FDA has assigned the NDA a Prescription Drug User Fee Act date of September 26, 2025. Additionally, the European Medicines Agency validated the Marketing Authorization Application for aficamten, and it will now be reviewed by the Committee for Medicinal Products for Human Use (CHMP).
    Trodelvy In November 2024, Gilead announced plans to voluntarily withdraw the U.S. accelerated approval of Trodelvy for use in pre-treated adult patients with locally advanced or metastatic urothelial cancer, following the results of the Phase 3 TROPiCS-04 trial.
    Airsupra In October 2024, AstraZeneca announced that positive high-level results from the BATURA Phase 3b trial showed Airsupra met the primary endpoint, demonstrating a statistically significant and clinically meaningful reduction in the risk of a severe exacerbation when used as an as-needed rescue medication in response to symptoms compared to as-needed albuterol. These positive results triggered a milestone payment from AstraZeneca, of which Royalty Pharma received its pro rata portion of $27 million in January 2025.
    MK-8189 In October 2024, Merck updated its public disclosures to remove MK-8189 from its pipeline chart and Royalty Pharma does not anticipate making a further investment in this program.
    pelabresib In October 2024, Novartis announced that based on its review of 48-week data from the Phase 3 MANIFEST-2 study, longer follow-up time is needed to determine the regulatory path for pelabresib in myelofibrosis. Novartis will continue to follow patients in MANIFEST-2 and evaluate the potential for additional studies to support registration.
    trontinemab In October 2024, Roche presented its latest Phase 1b/2a interim results for trontinemab at the Clinical Trials on Alzheimer’s Disease (CTAD) conference, which demonstrated rapid and robust amyloid plaque depletion after 12 to 28 weeks of treatment and an overall favorable safety profile with very limited amyloid related imaging abnormalities (ARIA-E) observed.


    2025 Financial Outlook

    Royalty Pharma has provided guidance for full-year 2025, excluding new transactions and borrowings announced after the date of this release, as follows:

      Provided February 11, 2025
    Portfolio Receipts $2,900 million to $3,050 million
    (Growth of ~+4% to 9% year/year)
    Payments for operating and professional costs Approximately 10% of Portfolio Receipts(1)
    Interest paid $260 million

    The above Portfolio Receipts guidance represents expected growth of 4% to 9% in 2025. Royalty Pharma’s full-year 2025 guidance reflects a negligible estimated foreign exchange impact to Portfolio Receipts, assuming current foreign exchange rates prevail for the rest of 2025.

    2025 guidance for payments for operating and professional costs and interest paid does not reflect the impact of the internalization transaction announced on January 10, 2025 and will be updated following the closing of the internalization transaction, which is expected to be in the second quarter of 2025.

    Total interest paid is based on the semi-annual interest payment schedule of Royalty Pharma’s existing notes and is anticipated to be approximately $260 million in 2025. Interest paid is anticipated to be approximately $138 million in the first quarter of 2025, which includes the first interest payment on the $1.5 billion notes issued in June 2024. Interest paid in the third quarter of 2025 is anticipated to be $119 million. De minimis amounts are anticipated in the second and fourth quarter of 2025. These projections assume no additional debt financing in 2025, including no drawdown on the revolving credit facility. In 2024, Royalty Pharma collected interest of $46 million on its cash and cash equivalents.

    Royalty Pharma today provides this guidance based on its most up-to-date view of its prospects. This guidance assumes no major unforeseen adverse events or changes in foreign exchange rates and excludes the contributions from transactions announced subsequent to the date of this press release.

    Financial Results Call

    Royalty Pharma will host a conference call and simultaneous webcast to discuss its fourth quarter and full year 2024 results today at 8:30 a.m., Eastern Time. Please visit the “Investors” page of the company’s website at https://www.royaltypharma.com/investors/events to obtain conference call information and to view the live webcast. A replay of the conference call and webcast will be archived on the company’s website for at least 30 days.

    About Royalty Pharma plc

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 14 development-stage product candidates.

    Forward-Looking Statements

    The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this document unless stated otherwise, and neither the delivery of this document at any time, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof.

    This document contains statements that constitute “forward-looking statements” as that term is defined in the United States Private Securities Litigation Reform Act of 1995, including statements that express the company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results, in contrast with statements that reflect historical facts. Examples include discussion of Royalty Pharma’s strategies, financing plans, growth opportunities, market growth and plans for capital deployment, plus the benefits of the benefits of the internalization transaction, including expected accretion, enhanced alignment with shareholders, increased investment returns, expectations regarding management continuity, transparency and governance, and the benefits of simplification to its structure. In some cases, you can identify such forward-looking statements by terminology such as “anticipate,” “intend,” “believe,” “estimate,” “plan,” “seek,” “project,” “expect,” “may,” “will,” “would,” “could” or “should,” the negative of these terms or similar expressions. Forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to the company. However, these forward-looking statements are not a guarantee of Royalty Pharma’s performance, and you should not place undue reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances, and other factors. Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on such statements. Many of these risks are outside of the company’s control and could cause its actual results to differ materially from those it thought would occur. The forward-looking statements included in this document are made only as of the date hereof. The company does not undertake, and specifically declines, any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect future events or developments, except as required by law.

    Certain information contained in this document relates to or is based on studies, publications, surveys and other data obtained from third-party sources and the company’s own internal estimates and research. While the company believes these third-party sources to be reliable as of the date of this document, it has not independently verified, and makes no representation as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. In addition, all of the market data included in this document involves a number of assumptions and limitations, and there can be no guarantee as to the accuracy or reliability of such assumptions. Finally, while the company believes its own internal research is reliable, such research has not been verified by any independent source.

    For further information, please reference Royalty Pharma’s reports and documents filed with the U.S. Securities and Exchange Commission (“SEC”) by visiting EDGAR on the SEC’s website at www.sec.gov.

    Portfolio Receipts

    Portfolio Receipts is a key performance metric that represents Royalty Pharma’s ability to generate cash from Royalty Pharma’s portfolio investments, the primary source of capital that is deployed to make new portfolio investments. Portfolio Receipts is defined as the sum of Royalty Receipts and Milestones and other contractual receipts. Royalty Receipts includes variable payments based on sales of products, net of contractual payments to the legacy non-controlling interests, that are attributed to Royalty Pharma.

    Milestones and other contractual receipts include sales-based or regulatory milestone payments and other fixed contractual receipts, net of contractual payments to legacy non-controlling interests, that are attributed to Royalty Pharma. Portfolio Receipts does not include proceeds from equity securities or proceeds from purchases and sales of marketable securities, both of which are not central to Royalty Pharma’s fundamental business strategy.

    Portfolio Receipts is calculated as the sum of the following line items from Royalty Pharma’s GAAP statements of cash flows: Cash collections from financial royalty assets, Cash collections from intangible royalty assets, Other royalty cash collections, Proceeds from available for sale debt securities and Distributions from equity method investees less Distributions to legacy non-controlling interests – Portfolio Receipts, which represent contractual distributions of Royalty Receipts, milestones and other contractual receipts to RPSFT and the Legacy Investors Partnerships. Distributions to RPSFT substantially ended in December 2023 when Royalty Pharma acquired the remaining interest in RPCT held by RPSFT.

    Use of Non-GAAP Measures

    Adjusted EBITDA and Portfolio Cash Flow are non-GAAP liquidity measures that exclude the impact of certain items and therefore have not been calculated in accordance with GAAP.

    Management believes that Adjusted EBITDA and Portfolio Cash Flow are important non-GAAP measures used to analyze liquidity because they are key components of certain material covenants contained within Royalty Pharma’s credit agreement. Royalty Pharma cautions readers that amounts presented in accordance with the definitions of Adjusted EBITDA and Portfolio Cash Flow may not be the same as similar measures used by other companies or analysts. These non-GAAP liquidity measures have limitations as analytical tools, and you should not consider them in isolation or as a substitute for the analysis of Royalty Pharma’s results as reported under GAAP.

    The definitions of Adjusted EBITDA and Portfolio Cash Flow used by Royalty Pharma are the same as the definitions in the credit agreement. Noncompliance with the interest coverage ratio, leverage ratio and Portfolio Cash Flow ratio covenants under the credit agreement could result in lenders requiring the company to immediately repay all amounts borrowed. If Royalty Pharma cannot satisfy these covenants, it would be prohibited under the credit agreement from engaging in certain activities, such as incurring additional indebtedness, paying dividends, making certain payments, and acquiring and disposing of assets. Consequently, Adjusted EBITDA and Portfolio Cash Flow are critical to the assessment of Royalty Pharma’s liquidity.

    Adjusted EBITDA and Portfolio Cash Flow are used by management as key liquidity measures in the evaluation of the company’s ability to generate cash from operations. Management uses Adjusted EBITDA and Portfolio Cash Flow when considering available cash, including for decision-making purposes related to funding of acquisitions, debt repayments, dividends and other discretionary investments. Further, these non-GAAP liquidity measures help management, the audit committee and investors evaluate the company’s ability to generate liquidity from operating activities.

    The company has provided reconciliations of these non-GAAP liquidity measures to the most directly comparable GAAP financial measure, being net cash provided by operating activities in Table 4.

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6772
    ir@royaltypharma.com

     
    Royalty Pharma plc
    Condensed Consolidated Operations (unaudited)
    Table 1
     
      Three Months Ended
    December 31,    		 Twelve Months Ended
    December 31,
    ($ in millions) 2024   2023   2024   2023  
    Income and other revenues        
    Income from financial royalty assets 562   523   2,149   2,198  
    Other royalty income and revenues 32   73   114   157  
    Total income and other revenues 594   596   2,264   2,355  
    Operating expense/(income)        
    Provision for changes in expected cash flows from financial royalty assets 164   (77)   732   561  
    Research and development funding expense 1   1   2   52  
    General and administrative expenses 68   59   237   250  
    Total operating expense/(income), net 232   (17)   971   862  
    Operating income 362   613   1,292   1,492  
    Other (income)/expense        
    Equity in earnings of equity method investees (32)   (0)   (30)   (29)  
    Interest expense 66   47   226   187  
    Other income, net (7)   (152)   (234)   (366)  
    Total other expense/(income), net 27   (105)   (38)   (208)  
    Consolidated net income before tax 334   718   1,331   1,700  
    Income tax expense —   —   —   —  
    Consolidated net income 334   718   1,331   1,700  
    Net income attributable to non-controlling interests 126   223   472   565  
    Net income attributable to Royalty Pharma plc 208   494   859   1,135  

    Amounts may not add due to rounding.

     
    Royalty Pharma plc
    Selected Balance Sheet Data (unaudited)
    Table 2
     
    ($ in millions) As of December 31, 2024 As of December 31, 2023
    Cash and cash equivalents 929 477
    Total current and non-current financial royalty assets, net 15,911 14,827
    Total assets 18,223 16,382
    Current portion of long-term debt 998 —
    Long-term debt, net of current portion 6,615 6,135
    Total liabilities 7,880 6,298
    Total shareholders’ equity 10,342 10,084
     
    Royalty Pharma plc
    Consolidated Statements of Cash Flows (unaudited)
    Table 3
     
      Three Months Ended
    December 31,    		 Twelve Months Ended
    December 31,
    ($ in millions) 2024   2023   2024   2023  
    Cash flows from operating activities:        
    Cash collections from financial royalty assets 777   747   2,983   3,201  
    Cash collections from intangible royalty assets 0   0   15   1  
    Other royalty cash collections 30   75   109   159  
    Distributions from equity method investees —   —   13   19  
    Interest received 9   8   46   72  
    Development-stage funding payments – ongoing (1)   (1)   (2)   (2)  
    Development-stage funding payments – upfront and milestone —   —   —   (50)  
    Payments for operating and professional costs (72)   (54)   (236)   (243)  
    Interest paid (1)   (3)   (160)   (169)  
    Net cash provided by operating activities 743   773   2,769   2,988  
    Cash flows from investing activities:        
    Distributions from equity method investees 3   5   24   44  
    Investments in equity method investees —   (2)   (11)   (13)  
    Purchases of equity securities —   —   (63)   —  
    Proceeds from equity securities —   —   99   —  
    Purchases of available for sale debt securities —   —   (150)   —  
    Proceeds from available for sale debt securities 13   1   20   1  
    Proceeds from sales and maturities of marketable securities —   —   —   24  
    Acquisitions of financial royalty assets (496)   (1,002)   (2,506)   (2,116)  
    Acquisitions of other financial assets —   —   (18)   —  
    Milestone payments (25)   —   (75)   (12)  
    Other —   (2)   2   (2)  
    Net cash used in investing activities (506)   (1,000)   (2,678)   (2,073)  
    Cash flows from financing activities:        
    Distributions to legacy non-controlling interests – Portfolio Receipts (81)   (92)   (362)   (377)  
    Distributions to continuing non-controlling interests (31)   (24)   (125)   (120)  
    Dividends to shareholders (94)   (89)   (376)   (358)  
    Repurchases of Class A ordinary shares (53)   (30)   (230)   (305)  
    Contributions from legacy non-controlling interests – R&D 0   0   1   1  
    Contributions from non-controlling interests – other 1   1   4   7  
    Cash acquired in connection with purchase of non-controlling interest —   5   —   5  
    Proceeds from revolving credit facility —   350   —   350  
    Repayment of revolving credit facility —   (350)   —   (350)  
    Repayment of long-term debt —   —   —   (1,000)  
    Proceeds from issuance of long-term debt, net of discount —   —   1,471   —  
    Debt issuance costs and other 0   (2)   (13)   (2)  
    Other 0   —   (9)   —  
    Net cash (used in)/provided by financing activities (258)   (232)   361   (2,149)  
    Net change in cash and cash equivalents (21)   (459)   452   (1,234)  
    Cash and cash equivalents, beginning of period 950   936   477   1,711  
    Cash and cash equivalents, end of period 929   477   929   477  

    Amounts may not add due to rounding.

     
    Royalty Pharma plc
    GAAP to Non-GAAP Reconciliation (unaudited)
    Table 4
     
      Three Months Ended
    December 31,    		 Twelve Months Ended
    December 31,
    ($ in millions) 2024   2023   2024   2023  
    Net cash provided by operating activities (GAAP) 743   773   2,769   2,988  
    Adjustments:        
    Proceeds from available for sale debt securities(6) 13   1   20   1  
    Distributions from equity method investees(6) 3   5   24   44  
    Interest (received)/paid, net(6) (8)   (5)   113   98  
    Development-stage funding payments – ongoing 1   1   2   2  
    Development-stage funding payments – upfront and milestone —   —   —   50  
    Distributions to legacy non-controlling interests – Portfolio Receipts(6) (81)   (92)   (362)   (377)  
    Adjusted EBITDA (non-GAAP) 669   682   2,565   2,806  
    Interest received/(paid), net(6) 8   5   (113)   (98)  
    Portfolio Cash Flow (non-GAAP) 678   687   2,452   2,708  

    Amounts may not add due to rounding.

     
    Royalty Pharma plc
    Fourth Quarter and Full Year Portfolio Receipts Highlights (unaudited)
    Table 5
     
      Three Months Ended December 31, Twelve Months Ended December 31,
    ($ in millions) 2024 2023 Change 2024 2023 Change
    Products:            
    Cystic fibrosis franchise 237 207 14% 857 771 11%
    Trelegy 74 60 23% 284 203 40%
    Tysabri 61 68 (11)% 262 279 (6)%
    Imbruvica 46 50 (10)% 191 210 (9)%
    Evrysdi 56 20 182% 174 66 163%
    Xtandi 46 38 20% 169 146 15%
    Promacta 44 44 (1)% 158 161 (2)%
    Tremfya 39 35 11% 140 116 20%
    Cabometyx/Cometriq 20 18 11% 73 66 10%
    Spinraza 15 17 (13)% 45 45 1%
    Trodelvy 11 10 10% 43 33 30%
    Erleada 11 9 25% 39 27 42%
    Orladeyo 11 8 36% 39 29 32%
    Nurtec ODT/Zavzpret 7 5 49% 26 18 39%
    Other products(5) 54 63 (14)% 273 277 (1)%
    Royalty Receipts 729 651 12% 2,771 2,449 13%
    Milestones and other contractual receipts 13 84 (85)% 31 599 (95)%
    Portfolio Receipts 742 736 1% 2,801 3,049 (8)%

    Amounts may not add due to rounding.

    Royalty Pharma plc
    Description of Approved Indications for Select Portfolio Therapies
    Table 6

    Cystic fibrosis franchise Cystic fibrosis
    Trelegy Chronic obstructive pulmonary disease and asthma
    Tysabri Relapsing forms of multiple sclerosis
    Evrysdi Spinal muscular atrophy
    Xtandi Prostate cancer
    Imbruvica Hematological malignancies and chronic graft versus host disease
    Promacta Chronic immune thrombocytopenia purpura and aplastic anemia
    Tremfya Plaque psoriasis, psoriatic arthritis and ulcerative colitis
    Cabometyx / Cometriq Kidney, liver and thyroid cancer
    Spinraza Spinal muscular atrophy
    Orladeyo Hereditary angioedema
    Trodelvy Breast and bladder cancer
    Erleada Prostate cancer
    Nurtec ODT/Zavzpret Acute and preventative treatment of migraine


    Notes

    (1)  Portfolio Receipts is a key performance metric that represents Royalty Pharma’s ability to generate cash from Royalty Pharma’s portfolio investments, the primary source of capital that Royalty Pharma can deploy to make new portfolio investments. Portfolio Receipts is defined as the sum of Royalty Receipts and Milestones and other contractual receipts. Royalty Receipts include variable payments based on sales of products, net of contractual payments to the legacy non-controlling interests, that are attributed to Royalty Pharma (“Royalty Receipts”). Milestones and other contractual receipts include sales-based or regulatory milestone payments and other fixed contractual receipts, net of contractual payments to the legacy non-controlling interests, that are attributed to Royalty Pharma. Portfolio Receipts does not include proceeds from equity securities or proceeds from purchases and sales of marketable securities, both of which are not central to Royalty Pharma’s fundamental business strategy.

    Portfolio Receipts is calculated as the sum of the following line items from Royalty Pharma’s GAAP statements of cash flows: Cash collections from financial royalty assets, Cash collections from intangible royalty assets, Other royalty cash collections, Proceeds from available for sale debt securities and Distributions from equity method investees less Distributions to legacy non-controlling interests – Portfolio Receipts, which represent contractual distributions of Royalty Receipts and milestones and other contractual receipts to RPSFT and the Legacy Investors Partnerships. Distributions to RPSFT substantially ended in December 2023 when Royalty Pharma acquired the remaining interest in RPCT held by RPSFT.

    (2) Adjusted EBITDA is defined under the credit agreement as Portfolio Receipts minus payments for operating and professional costs. Operating and professional costs reflect Payments for operating and professional costs from the GAAP statements of cash flows. See GAAP to Non-GAAP reconciliation in Table 4.

    (3) Portfolio Cash Flow is defined under the credit agreement as Adjusted EBITDA minus interest paid or received, net. See GAAP to Non-GAAP reconciliation in Table 4. Portfolio Cash Flow reflects the cash generated by Royalty Pharma’s business that can be redeployed into value-enhancing royalty acquisitions, used to repay debt, returned to shareholders through dividends or share purchases or utilized for other discretionary investments.

    (4) Capital Deployment is calculated as the summation of the following line items from Royalty Pharma’s GAAP statements of cash flows: Investments in equity method investees, Purchases of available for sale debt securities, Acquisitions of financial royalty assets, Acquisitions of other financial assets, Milestone payments, Development-stage funding payments – ongoing, Development-stage funding payments – upfront and milestone less Contributions from legacy non-controlling interests – R&D.

    (5) Other products primarily include Royalty Receipts on the following products: Cimzia, Crysvita, Emgality, Entyvio, Farxiga/Onglyza, IDHIFA, Lexiscan, Nesina, Prevymis, Soliqua and distributions from the Legacy SLP Interest, which is presented as Distributions from equity method investees on the GAAP statements of cash flows.

    (6) The table below shows the line item for each adjustment and the direct location for such line item on the GAAP statements of cash flows.

    Reconciling Adjustment Statements of Cash Flows Classification
    Interest received/paid, net Operating activities (Interest paid less Interest received)
    Distributions from equity method investees Investing activities
    Proceeds from available for sale debt securities Investing activities
    Distributions to legacy non-controlling interests – Portfolio Receipts Financing activities

    (7) The total transaction value of approximately $1.1 billion is based on the closing price of Royalty Pharma plc common stock of $26.20 on January 8, 2025.

    (8) Consists of $200 million in cash less the amount of the management fees paid to the Manager from January 1, 2025 through the closing of the transaction.

    The MIL Network –

    February 12, 2025

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Under the leadership of Modi Ji, the country is witnessing a ‘digital revolution’, to face the challenges of cyber security one needs to understand its size and scale

    AI will be used to identify and close the mule accounts before they are made operational

    To prevent cybercrime, Home Minister stresses on raising awareness on Modi Ji’s mantra of ‘Stop-Think-Taje Action’

    Modi government is moving forward with a four-pronged strategy to tackle cybercrimes: Convergence, Coordination, Communication, and Capacity

    Union Home Minister says that to prevent cybercrimes, there should be a greater focus on increasing awareness among the public and promoting the Cyber Helpline ‘1930’

    The three basic elements of cyberspace – software, services, and users are important in tackling cyber frauds

    The members gave suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the steps taken by the Govt.

    Posted On: 11 FEB 2025 11:41AM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah  chaired a meeting of the Parliamentary Consultative Committee for the Ministry of Home Affairs on the topic of ‘Cyber Security and Cyber Crime’ in New Delhi. The meeting was attended by Union Minister of State for Home Affairs Shri Nityanand Rai, Shri Bandi Sanjay Kumar, members of the Committee, the Union Home Secretary, and senior officials of the Ministry of Home Affairs. The committee discussed various issues related to ‘Cyber Security and Cyber Crime’ during the meeting.

    Addressing the meeting, Union Home Minister Shri Amit Shah said that in recent years, there has been an expansion of digital infrastructure in India, which has naturally led to an increase in the number of cyber attacks. He said that when we look at cyberspace from a different perspective, it forms a complex network of ‘software,’ ‘services,’ and ‘users.’ He emphasized that until we consider controlling cyber fraud through ‘software,’ ‘services,’ and ‘users,’ it will be impossible to resolve the issues of cyberspace. Shri Shah further mentioned that under the leadership of Prime Minister Shri Narendra Modi, the Ministry of Home Affairs has taken several significant steps towards making India a cyber-safe nation.

    Shri Amit Shah said that cybercrime has erased all geographical boundaries. He stated that it is a ‘borderless’ and ‘formless’ crime, as it has no limits or fixed form. He mentioned that India has witnessed a ‘digital revolution’ in the last decade. Without understanding the size and scale of the ‘digital revolution,’ we cannot face the challenges in the cyber domain.

    Union Home Minister said that today, 95 per cent villages in the country are digitally connected, and one lakh gram panchayats are equipped with Wi-Fi hotspots. In the past ten years, the number of internet users has increased by 4.5 times. He mentioned that in 2024, a total of 246 trillion transactions worth ₹17.221 lakh crore were made through UPI. In 2024, 48 per cent of the global digital transactions took place in India. He also said that in terms of the startup ecosystem, India has become the third-largest country in the world. In 2023, the contribution of the digital economy to the Gross Domestic Product (GDP) was around ₹32 lakh crore, which is 12 per cent, and nearly 15 million jobs were created.

    Shri Amit Shah said that today India has become the third-largest country in terms of digital landscape in the world. The digital economy contributes 20 per cent to the total economy of India. He also mentioned that the Ministry of Home Affairs’ goal is to ensure zero cybercrime cases and their FIRs.

    Union Home Minister said that to tackle cybercrime, we have adopted four types of strategies, which include Convergence, Coordination, Communication, and Capacity. All of these are being implemented with clear objectives and a strategic approach. He mentioned that inter-ministerial and inter-departmental coordination within the Ministry of Home Affairs has been strengthened, ensuring seamless communication and smooth flow of information.

    Shri Amit Shah said that a healthy tradition of exchange of information between the Ministry of Home Affairs, the Ministry of Electronics and IT, CERT-IN, I4C, and departments like Telecom and Banking has led to successfully tackling many cybercrime cases.

    Union Home Minister emphasized the importance of raising awareness among the public to prevent cybercrime and requested all the members of the committee to promote the I4C helpline number 1930. He stated that in light of cyber financial fraud, the ‘1930’ helpline provides a one-point solution offering various services, such as blocking cards.

    Shri Amit Shah said that efforts are underway to use Artificial Intelligence for identifying mule accounts, in coordination with the Reserve Bank and all banks, to establish a system for their detection. He mentioned that we will ensure the closure of mule accounts before they are even operational. Union Home Minister stated that the government has also ensured that people are made aware of Prime Minister Shri Narendra Modi’s mantra ‘STOP-THINK-TAKE ACTION’ in order to make them more vigilant against cybercrimes.

    Union Home Minister stated that a total of 1 lakh 43 thousands FIRs have been registered on the I4C portal, and over 19 crore people have used this portal. He mentioned that, for national security reasons, 805 apps and 3,266 website links have been blocked based on I4C’s recommendations. Additionally, 399 banks and financial intermediaries have come on board. Over 6 lakh suspicious data points have been shared, more than 19 lakh mule accounts have been caught, and suspicious transactions worth ₹2,038 crore have been prevented.

    Shri Amit Shah said that Cyber Crime Forensic Training Labs have been established in 33 states and union territories. On the ‘CyTrain’ platform, a “Massive Open Online Course (MOOC)” platform, 101,561 police officers have registered, and over 78,000 certificates have been issued.

    The committee members gave their suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the important steps taken by the government for enhancing cyber security.

    ***

    RK/VV/ASH/PR/PS

    (Release ID: 2101613) Visitor Counter : 46

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

    February 12, 2025

  • MIL-Evening Report: Trump’s ‘Riviera’ plan for Gaza heralds an age of naked fascism

    COMMENTARY: By Sawsan Madina

    I watched US President Donald Trump’s joint press conference with Israeli Prime Minister Benjamin Netanyahu last week in utter disbelief. Not that the idea, or indeed the practice, of ethnic cleansing of Palestine is new.

    But at that press conference the mask has fallen. Recently, fascism has been on the march everywhere, but that press conference seemed to herald an age of naked fascism.

    So the Palestinians have just been “unlucky” for decades.

    “Their lives have been made hell.” Thank God for grammar’s indirect speech. Their lives have been made hell. We do not know who made their lives hell. Nothing to see here.

    Trump says of Gaza: “We’ll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site, level the site, and get rid of the destroyed buildings — level it out and create an economic development that will supply unlimited numbers of jobs and housing for the people of the area . . . ”

    I wonder who are those lucky “people of the area” he has in mind, once those “unlucky” Palestinians have been “transferred” out of their homeland.

    Trump speaks of transforming Gaza into a magnificent “Riviera of the Middle East”. Obviously, the starved amputees of Gaza do not fit his image of the classy people he wants to see in the Riviera he wants to build, on stolen Palestinian land.

    No ethnic cleansing questions
    After the press conference, I did not hear a single question about ethnic cleansing, genocide, occupation or international law.

    Under the new fascist leaders, just like under the old ones, those words have become old-fashioned and are to be expunged from the lexicon.

    The difference has never been more striking between the meek who officially hold the title “journalist” and the brave who actually work to hold the powerful to account.

    Now, more than ever, independent journalists are a threatened species. We should treasure them, support them and protest every attempt to silence them.

    Gaza is now the prototype. We can forget international laws and international organisations. We have the bombs. You do as we wish or you will be obliterated.

    Who now dares say that the forced transfer of a population by an occupying power is a war crime under the Geneva Convention? But then again, Trump and Netanyahu are not really talking about “forced transfer”. They are talking about “voluntary transfer”.

    Once the remaining Israeli hostages have been freed, and water and food have been cut off again, those unlucky Palestinians will climb voluntarily onto the buses waiting to transport them to happiness and prosperity in Egypt and Jordan.

    Or to whatever other client state Trump manages to threaten or bribe.

    Can the International Criminal Court (ICC) command a shred of respect when Netanyahu is sharing the podium with Trump? Or indeed when Trump is at the podium?

    Dismantling the international order
    Recently, fascist leaders have been dismantling the international order by accusing its organisations and officials of being “antisemitic” or “working with terrorists”. Tomorrow they will defund and delegitimise these organisations without the need for an excuse.

    I listen to Trump speak of combatting antisemitism and deporting Hamas sympathisers and I hear, “We will combat anti-Israel views and we will deport those who protest Israel’s crimes.

    “And we will continue to conflate antisemitism and anti-Israel’s views in order to silence pro-Palestinian voices.”

    I watch Trump and Netanyahu, the former reading the thoughts of a real estate developer turned into a president’s speech and the latter grinning like a Cheshire cat — and I am gripped by fear. Not just for the Palestinians, but for all humanity.

    If we think fascism is only coming for people on a distant shore, we ought to think again.

    I watch Netanyahu repeating lies that investigative journalists have spent months debunking. Why would he care? The truth about his lies will not make it to mainstream media and the consciousness of the majority of people.

    Hamas suspends the release of Gaza captives, accusing Israel of violating the ceasefire by continuing to kill Palestinians and blocking humanitarian aid.

    🔴 Follow our LIVE coverage: https://t.co/OXOBADdF6T pic.twitter.com/h4vf4GM9W7

    — Al Jazeera English (@AJEnglish) February 11, 2025

    Lies taking hold, enduring
    And the more he repeats those lies, the more they take hold and endure.

    I wonder how our political leaders will spin our allies’ new, illegal and immoral plans. For years, they have clung to the mantra of the two-state solution while Israel continued to make every effort to render this solution unfeasible.

    What will they say now? With what weasel words will they stay on the same page as our friends in the US and Israel?

    Netanyhu praises Trump for thinking outside the box. Here is an idea that Israel has spent billions on arms and propaganda to persuade people that it is dangerously outside the box.

    Instead of asking Egypt and Jordan to take the Palestinians, why not make Israel end the occupation and give Palestinians equal rights in their own homeland?

    Sawsan Madina is former head of Australia’s SBS Television. This article was first published by John Menadue’s public policy journal Pearls and Irritations and is republished with permission.

    MIL OSI Analysis – EveningReport.nz –

    February 12, 2025

  • MIL-OSI United Kingdom: Vegetable oil fuel rolls out to more bin lorries

    Source: Scotland – City of Perth

    Following a successful trial of Hydrotreated Vegetable Oil (HVO) in several of its bin lorries, Perth and Kinross Council is now extending the use of the fuel to more of its large fleet vehicles.

    HVO is used, filtered vegetable oil and it provides an environmentally-friendly alternative to diesel that helps reduce carbon emissions from previously fossil-fuelled vehicles. As a result of the six-month trial in 2024, a significant reduction in carbon emissions from the six lorries has been achieved, namely a saving of` 87 tonnes of CO2. 

    Starting from 3 February 2025, the process of running down the diesel supply in a further 18 bin lorries based at Friarton in Perth and swapping to HVO is moving forward. It is estimated that a reduction of around 500 tonnes of CO2 a year could be achieved with the changeover. 

    Convener of Climate Change and Sustainability, Councillor Richard Watters said: “The trial introduction of HVO to our bin lorries has proved to be a real success by providing a simple, readily available and much greener fuel source. It reflects the commitment we have made to reducing our carbon footprint and I look forward to seeing more of our vehicles out on the road powered by HVO.” 

    Vice-Convener, Councillor Liz Barrett said: “I warmly welcome this very significant reduction in our CO2 emissions from refuse collection.  It shows great progress towards our targets to reduce emissions from Council vehicles.  I’d like to thank our Waste Management and Fleet teams for their commitment to making a difference.” 

    Last modified on 11 February 2025

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    MIL OSI United Kingdom –

    February 12, 2025

  • MIL-Evening Report: Albanese government looking to acquire Rex Airlines if buyer can’t be found

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    The Albanese government will on Wednesday announce it is willing, as a last resort, to purchase the collapsed Rex Airlines, in its latest bid to prop up aviation services to regional and remote areas.

    As the administrators work on the second attempt to sell Rex, the  government will say that, in the first instance, it will work with shortlisted bidders on potential support to maximise the prospects of a sale. The initial attempt to sell Rex failed last year.

    What support will be offered  will be conditional on bidders committing to provide an “ongoing, reasonable level of service to regional and remote communities”. Assistance must also represent value for taxpayers’ money and there would have to be assurances from the potential buyer of good governance.

    While the government is not a bidder in the sale process now underway and hopes that will be successful, if there is no result, it will go down an alternative route.

    “In the event there is no sale, the Albanese government will undertake necessary work, in consultation with relevant state governments, on contingency options, including preparations necessary for potential Commonwealth acquisition.”

    The government is also providing an extension to the exemption from the “use it or lose it” test for REX regional flight slots at Sydney airport. This will ensure its access to those slots until October 24 next year.

    REX went into voluntary administration last year. An attempt (now abandoned) to compete on capital city routes had proved disastrous for it.

    The Federal government has provided it with extensive support to keep it in the air on regional routes while its future is being determined.

    This has included $80 million in a loan to the administrator to keep regional flights operating until June 30, as well as a buyout of $50 million debt from its biggest creditor, PAGAC Regulus Holdings Limited. The government is now Rex’s largest creditor.

    Prime Minister Albanese said: “We are working collaboratively with the administrators of REX to ensure that regional services continue beyond June 2025, including looking at what support the Commonwealth can provide.

    “Regional Australians can be assured that our government will continue to fight to ensure these regional airfare remain available.”

    Transport minister Catherine King said: “When markets fail or struggle to deliver for regional communities the government has a role to ensure people do not miss out on opportunities, education and critical connections.”

    When speaking about the future of the airline last month, opposition transport spokeswoman Bridget McKenzie declined to say whether the Coalition would support nationalisation of Rex.

    Until the 1990s the federal government owned Qantas and one of the two major domestic airlines.

    Michelle Grattan 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. Albanese government looking to acquire Rex Airlines if buyer can’t be found – https://theconversation.com/albanese-government-looking-to-acquire-rex-airlines-if-buyer-cant-be-found-249594

    MIL OSI Analysis – EveningReport.nz –

    February 12, 2025

  • MIL-OSI Africa: Secretary-General’s remarks at AI Action Summit [scroll down for english]

    Source: United Nations – English

    em> 
    Excellences,
     
    Permettez-moi tout d’abord de remercier le Président Macron et le Premier ministre Modi d’avoir organisé ce Sommet pour l’action sur l’intelligence artificielle.
     
    Mesdames et Messieurs,
     
    Allons droit au but.
     
    Regardons le monde qui nous entoure au-delà de ceux qui sont dans cette salle.
     
    Notre réunion pose une question fondamentale sur notre rapport à l’intelligence artificielle.
     
    Sommes-nous prêts pour l’avenir ?
     
    La réponse s’impose d’elle-même.
     
    Non.
     
    Nous ne sommes peut-être même pas prêts pour le présent.
     
    En un battement de cils, l’Intelligence Artificielle a quitté l’univers de la science-fiction pour devenir une force puissante qui révolutionne notre monde.
     
    Transformant nos modes de vie, de travail et d’interaction.
     
    Alimentant des avancées majeures dans l’éducation, la santé, l’agriculture…
     
    Mais mettant également à l’épreuve nos valeurs communes et nos droits fondamentaux.
     
    Le pouvoir de l’intelligence artificielle impose d’immenses responsabilités.
     
    Aujourd’hui, ce pouvoir est entre les mains d’une poignée de personnes.  
     
    Tandis que certaines entreprises et certains pays se lancent dans une course effrénée avec des investissements sans précédent, la plupart des nations en développement se retrouvent laissées pour compte.
     
    Cette concentration grandissante des capacités en matière d’intelligence artificielle menace d’aggraver les clivages géopolitiques.
     
    Nous devons empêcher l’émergence d’un monde de “nantis” et de “démunis” de l’Intelligence Artificielle.
     
    Nous tous devons travailler ensemble pour que l’Intelligence Artificielle puissent combler le fossé entre les pays développés et les pays en développement – et non le creuser.
     
    Elle doit accélérer le développement durable – au lieu de perpétuer les inégalités.
     
    Excellencies,
     
    The United Nations offers an inclusive, transparent and effective platform for AI solidarity.
     
    And we are working to strengthen that platform.
     
    The Global Digital Compact, adopted at the Summit of the Future, established the first universal agreement on the governance of AI.
     
    It brings the world together around a shared vision:
     
    One where technology serves humanity, not the other way around.
     
    The creation of an Independent International Scientific Panel on AI will be central to translating this vision into reality.
     
    By pooling global expertise, this Scientific Panel will promote a common understanding of AI risks, benefits and capabilities, and opportunities and help bridge knowledge gaps.
     
    I urge everyone to support its creation without delay.
     
    Member States also agreed to establish a Global Dialogue on AI Governance – within the United Nations – to ensure that all countries have a voice in shaping the future of AI.
     
    Through the Global Dialogue, we can align governance efforts around the world and reinforce their interoperability; uphold human rights in AI applications and prevent misuse.
     
    The UN provides an inclusive forum for cooperation, complementing existing mechanisms such as the OECD AI Principles, G7 and the Global Partnership on AI – as well as regional efforts by the African Union, European Union, ASEAN and the Council of Europe.
     
    And I am confident that discussions at this Summit will help enrich this Dialogue.
     
    The Compact also calls for building AI capacity in developing nations.
     
    This is not only about technology diffusion.
     
    We need concerted efforts to build sustainable digital infrastructure at an unprecedented scale;
     
    Foster talent and train workforces to develop, deploy and maintain AI systems;
     
    And ultimately, empower peoples and nations to become not just users, but active participants in the AI revolution.
     
    A global AI capacity-building network, as proposed by my High-Level Advisory Body on AI, is an economic necessity and a moral imperative.
     
    Today’s launch of Current AI, a public interest partnership, is an important contribution.
     
    I will soon present a report on innovative voluntary financing models and capacity-building initiatives to help all countries harness AI as a force for good.
     
    Finally, we know that AI can be a force for climate action and energy efficiency.
     
    But we also know AI power-intensive systems are already placing an unsustainable strain on our planet.
     
    So it is crucial to design AI algorithms and infrastructures that consume less energy and integrate AI into smart grids to optimize power use.
     
    From data centres to training models, AI must run on sustainable energy so that it fuels a more sustainable future.
     
    Excellencies,
     
    I began with a question.  Let me end with a few more. 
     
    Who decides what problems AI should or should not resolve?
     
    Who benefits most from its deployment?
     
    Who bears the cost of its mistakes?
     
    These questions affect everyone – so the answers must also involve everyone.
     
    It is in all our interests for governments and technology leaders to commit to global guardrails, share best practices, and shape fair policy and business models.
     
    The whole world benefits when development banks and the philanthropic community provide catalytic funding to jumpstart capacity-building worldwide.
     
    And we all stand to gain when academia and thought leaders help us navigate through this complex landscape.
     
    AI is not standing still.
     
    Neither can we.
     
    Let us move for an AI that is shaped by all of humanity, for all of humanity.
     
    In other words, let’s make sure we are ready for the future… right now.
     
    Thank you.
     
    ***

     
    THE SECRETARY-GENERAL
    —
    REMARKS AT AI ACTION SUMMIT
     
    Paris, 11 February 2025
     
    Excellencies,
     
    Let me begin by thanking President Macron and Prime Minister Modi for convening this AI Action Summit.
     
    Ladies and gentlemen,
     
    Let’s get straight to the point. 
     
    Let’s look at the world around us beyond those who are in this room.
     
    This meeting poses a fundamental question about our relationship with Artificial Intelligence:  
     
    Are we ready for the future?
     
    The answer is easy.
     
    No. 
     
    We may not even be ready for the present.
     
    In what seems like the blink of an eye, AI has gone from the stuff of science fiction to a powerful force that is transforming our world.
     
    Reshaping the way we live, work, and interact.
     
    Fueling breakthroughs in education, healthcare, agriculture…
     
    But also testing our shared values and rights.
     
    The power of AI carries immense responsibilities.
     
    Today, that power sits in the hands of a few.
     
    While some companies and some countries are racing ahead with record investments, most developing nations find themselves left out in the cold.
     
    This growing concentration of AI capabilities risks deepening geopolitical divides.
     
    We must prevent a world of AI “haves” and “have-nots”.
     
    Nous tous devons travailler ensemble pour que l’Intelligence Artificielle puissent
     
    We must all work together so that artificial can bridge the gap between developed and developing countries – not widen it.
     
    It must accelerate sustainable development – not entrench inequalities.
     
    Excellencies,
     
    The United Nations offers an inclusive, transparent and effective platform for AI solidarity.
     
    And we are working to strengthen that platform.
     
    The Global Digital Compact, adopted at the Summit of the Future, established the first universal agreement on the governance of AI.
     
    It brings the world together around a shared vision:
     
    One where technology serves humanity, not the other way around.
     
    The creation of an Independent International Scientific Panel on AI will be central to translating this vision into reality.
     
    By pooling global expertise, this Scientific Panel will promote a common understanding of AI risks, benefits, opportunities and capabilities, and help bridge knowledge gaps.
     
    I urge everyone to support its creation without delay.
     
    Member States also agreed to establish a Global Dialogue on AI Governance – within the United Nations – to ensure that all countries have a voice in shaping the future of AI.
     
    Through the Global Dialogue, we can align governance efforts around the world and reinforce their interoperability; uphold human rights in AI applications and prevent misuse.
     
    The UN provides an inclusive forum for cooperation, complementing existing mechanisms such as the OECD AI Principles, G7 and the Global Partnership on AI – as well as regional efforts by the African Union, European Union, ASEAN and the Council of Europe.
     
    And I am confident that discussions at this Summit will help enrich this Dialogue.
     
    The Compact also calls for building AI capacity in developing nations.
     
    This is not only about technology diffusion.
     
    We need concerted efforts to build sustainable digital infrastructure at an unprecedented scale;
     
    Foster talent and train workforces to develop, deploy and maintain AI systems;
     
    And ultimately, empower peoples and nations to become not just users, but active participants in the AI revolution.
     
    A global AI capacity-building network, as proposed by my High-Level Advisory Body on AI, is an economic necessity and a moral imperative.
     
    Today’s launch of the AI Foundation for Public Interest is an important contribution.
     
    I will soon present a report on innovative voluntary financing models and capacity-building initiatives to help all countries harness AI as a force for good.
     
    Finally, we know that AI can be a force for climate action and energy efficiency.
     
    But we also know AI power-intensive systems are already placing an unsustainable strain on our planet.
     
    So it is crucial to design AI algorithms and infrastructures that consume less energy and integrate AI into smart grids to optimize power use.
     
    From data centres to training models, AI must run on sustainable energy so that it fuels a more sustainable future.
     
    Excellencies,
     
    I began with a question.  Let me end with a few more. 
     
    Who decides what problems AI should or should not solve?
     
    Who benefits most from its deployment?
     
    Who bears the cost of its mistakes?
     
    These questions affect everyone – so the answers must also involve everyone.
     
    It is in all our interests for governments and technology leaders to commit to global guardrails, share best practices, and shape fair policy and business models.
     
    The whole world benefits when development banks and the philanthropic community provide catalytic funding to jumpstart capacity-building worldwide.
     
    And we all stand to gain when academia and thought leaders help us navigate through this complex landscape.
     
    AI is not standing still.
     
    Neither can we.
     
    Let us move for an AI that is shaped by all of humanity, for all of humanity.
     
    In other words, let’s make sure we are ready for the future… right now.
     
    Thank you.
     

    MIL OSI Africa –

    February 12, 2025

  • MIL-OSI United Nations: Secretary-General’s remarks at AI Action Summit [scroll down for english]

    Source: United Nations

     
    Excellences,
     
    Permettez-moi tout d’abord de remercier le Président Macron et le Premier ministre Modi d’avoir organisé ce Sommet pour l’action sur l’intelligence artificielle.
     
    Mesdames et Messieurs,
     
    Allons droit au but.
     
    Regardons le monde qui nous entoure au-delà de ceux qui sont dans cette salle.
     
    Notre réunion pose une question fondamentale sur notre rapport à l’intelligence artificielle.
     
    Sommes-nous prêts pour l’avenir ?
     
    La réponse s’impose d’elle-même.
     
    Non.
     
    Nous ne sommes peut-être même pas prêts pour le présent.
     
    En un battement de cils, l’Intelligence Artificielle a quitté l’univers de la science-fiction pour devenir une force puissante qui révolutionne notre monde.
     
    Transformant nos modes de vie, de travail et d’interaction.
     
    Alimentant des avancées majeures dans l’éducation, la santé, l’agriculture…
     
    Mais mettant également à l’épreuve nos valeurs communes et nos droits fondamentaux.
     
    Le pouvoir de l’intelligence artificielle impose d’immenses responsabilités.
     
    Aujourd’hui, ce pouvoir est entre les mains d’une poignée de personnes.  
     
    Tandis que certaines entreprises et certains pays se lancent dans une course effrénée avec des investissements sans précédent, la plupart des nations en développement se retrouvent laissées pour compte.
     
    Cette concentration grandissante des capacités en matière d’intelligence artificielle menace d’aggraver les clivages géopolitiques.
     
    Nous devons empêcher l’émergence d’un monde de “nantis” et de “démunis” de l’Intelligence Artificielle.
     
    Nous tous devons travailler ensemble pour que l’Intelligence Artificielle puissent combler le fossé entre les pays développés et les pays en développement – et non le creuser.
     
    Elle doit accélérer le développement durable – au lieu de perpétuer les inégalités.
     
    Excellencies,
     
    The United Nations offers an inclusive, transparent and effective platform for AI solidarity.
     
    And we are working to strengthen that platform.
     
    The Global Digital Compact, adopted at the Summit of the Future, established the first universal agreement on the governance of AI.
     
    It brings the world together around a shared vision:
     
    One where technology serves humanity, not the other way around.
     
    The creation of an Independent International Scientific Panel on AI will be central to translating this vision into reality.
     
    By pooling global expertise, this Scientific Panel will promote a common understanding of AI risks, benefits and capabilities, and opportunities and help bridge knowledge gaps.
     
    I urge everyone to support its creation without delay.
     
    Member States also agreed to establish a Global Dialogue on AI Governance – within the United Nations – to ensure that all countries have a voice in shaping the future of AI.
     
    Through the Global Dialogue, we can align governance efforts around the world and reinforce their interoperability; uphold human rights in AI applications and prevent misuse.
     
    The UN provides an inclusive forum for cooperation, complementing existing mechanisms such as the OECD AI Principles, G7 and the Global Partnership on AI – as well as regional efforts by the African Union, European Union, ASEAN and the Council of Europe.
     
    And I am confident that discussions at this Summit will help enrich this Dialogue.
     
    The Compact also calls for building AI capacity in developing nations.
     
    This is not only about technology diffusion.
     
    We need concerted efforts to build sustainable digital infrastructure at an unprecedented scale;
     
    Foster talent and train workforces to develop, deploy and maintain AI systems;
     
    And ultimately, empower peoples and nations to become not just users, but active participants in the AI revolution.
     
    A global AI capacity-building network, as proposed by my High-Level Advisory Body on AI, is an economic necessity and a moral imperative.
     
    Today’s launch of Current AI, a public interest partnership, is an important contribution.
     
    I will soon present a report on innovative voluntary financing models and capacity-building initiatives to help all countries harness AI as a force for good.
     
    Finally, we know that AI can be a force for climate action and energy efficiency.
     
    But we also know AI power-intensive systems are already placing an unsustainable strain on our planet.
     
    So it is crucial to design AI algorithms and infrastructures that consume less energy and integrate AI into smart grids to optimize power use.
     
    From data centres to training models, AI must run on sustainable energy so that it fuels a more sustainable future.
     
    Excellencies,
     
    I began with a question.  Let me end with a few more. 
     
    Who decides what problems AI should or should not resolve?
     
    Who benefits most from its deployment?
     
    Who bears the cost of its mistakes?
     
    These questions affect everyone – so the answers must also involve everyone.
     
    It is in all our interests for governments and technology leaders to commit to global guardrails, share best practices, and shape fair policy and business models.
     
    The whole world benefits when development banks and the philanthropic community provide catalytic funding to jumpstart capacity-building worldwide.
     
    And we all stand to gain when academia and thought leaders help us navigate through this complex landscape.
     
    AI is not standing still.
     
    Neither can we.
     
    Let us move for an AI that is shaped by all of humanity, for all of humanity.
     
    In other words, let’s make sure we are ready for the future… right now.
     
    Thank you.
     
    ***

     
    THE SECRETARY-GENERAL
    —
    REMARKS AT AI ACTION SUMMIT
     
    Paris, 11 February 2025
     
    Excellencies,
     
    Let me begin by thanking President Macron and Prime Minister Modi for convening this AI Action Summit.
     
    Ladies and gentlemen,
     
    Let’s get straight to the point. 
     
    Let’s look at the world around us beyond those who are in this room.
     
    This meeting poses a fundamental question about our relationship with Artificial Intelligence:  
     
    Are we ready for the future?
     
    The answer is easy.
     
    No. 
     
    We may not even be ready for the present.
     
    In what seems like the blink of an eye, AI has gone from the stuff of science fiction to a powerful force that is transforming our world.
     
    Reshaping the way we live, work, and interact.
     
    Fueling breakthroughs in education, healthcare, agriculture…
     
    But also testing our shared values and rights.
     
    The power of AI carries immense responsibilities.
     
    Today, that power sits in the hands of a few.
     
    While some companies and some countries are racing ahead with record investments, most developing nations find themselves left out in the cold.
     
    This growing concentration of AI capabilities risks deepening geopolitical divides.
     
    We must prevent a world of AI “haves” and “have-nots”.
     
    Nous tous devons travailler ensemble pour que l’Intelligence Artificielle puissent
     
    We must all work together so that artificial can bridge the gap between developed and developing countries – not widen it.
     
    It must accelerate sustainable development – not entrench inequalities.
     
    Excellencies,
     
    The United Nations offers an inclusive, transparent and effective platform for AI solidarity.
     
    And we are working to strengthen that platform.
     
    The Global Digital Compact, adopted at the Summit of the Future, established the first universal agreement on the governance of AI.
     
    It brings the world together around a shared vision:
     
    One where technology serves humanity, not the other way around.
     
    The creation of an Independent International Scientific Panel on AI will be central to translating this vision into reality.
     
    By pooling global expertise, this Scientific Panel will promote a common understanding of AI risks, benefits, opportunities and capabilities, and help bridge knowledge gaps.
     
    I urge everyone to support its creation without delay.
     
    Member States also agreed to establish a Global Dialogue on AI Governance – within the United Nations – to ensure that all countries have a voice in shaping the future of AI.
     
    Through the Global Dialogue, we can align governance efforts around the world and reinforce their interoperability; uphold human rights in AI applications and prevent misuse.
     
    The UN provides an inclusive forum for cooperation, complementing existing mechanisms such as the OECD AI Principles, G7 and the Global Partnership on AI – as well as regional efforts by the African Union, European Union, ASEAN and the Council of Europe.
     
    And I am confident that discussions at this Summit will help enrich this Dialogue.
     
    The Compact also calls for building AI capacity in developing nations.
     
    This is not only about technology diffusion.
     
    We need concerted efforts to build sustainable digital infrastructure at an unprecedented scale;
     
    Foster talent and train workforces to develop, deploy and maintain AI systems;
     
    And ultimately, empower peoples and nations to become not just users, but active participants in the AI revolution.
     
    A global AI capacity-building network, as proposed by my High-Level Advisory Body on AI, is an economic necessity and a moral imperative.
     
    Today’s launch of the AI Foundation for Public Interest is an important contribution.
     
    I will soon present a report on innovative voluntary financing models and capacity-building initiatives to help all countries harness AI as a force for good.
     
    Finally, we know that AI can be a force for climate action and energy efficiency.
     
    But we also know AI power-intensive systems are already placing an unsustainable strain on our planet.
     
    So it is crucial to design AI algorithms and infrastructures that consume less energy and integrate AI into smart grids to optimize power use.
     
    From data centres to training models, AI must run on sustainable energy so that it fuels a more sustainable future.
     
    Excellencies,
     
    I began with a question.  Let me end with a few more. 
     
    Who decides what problems AI should or should not solve?
     
    Who benefits most from its deployment?
     
    Who bears the cost of its mistakes?
     
    These questions affect everyone – so the answers must also involve everyone.
     
    It is in all our interests for governments and technology leaders to commit to global guardrails, share best practices, and shape fair policy and business models.
     
    The whole world benefits when development banks and the philanthropic community provide catalytic funding to jumpstart capacity-building worldwide.
     
    And we all stand to gain when academia and thought leaders help us navigate through this complex landscape.
     
    AI is not standing still.
     
    Neither can we.
     
    Let us move for an AI that is shaped by all of humanity, for all of humanity.
     
    In other words, let’s make sure we are ready for the future… right now.
     
    Thank you.
     

    MIL OSI United Nations News –

    February 12, 2025

  • MIL-OSI: Jitterbit’s Next AI Infusion: Build, Manage, Modify Business Applications with Natural Language Processing

    Source: GlobeNewswire (MIL-OSI)

    ALAMEDA, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced its latest AI-infused capabilities within the Harmony platform, advancing AI from low-code development to natural language processing (NLP). With NLP, technical barriers are removed and users can create, modify, and expose APIs, as well as build, monitor, and manage complex applications — all through natural language commands.

    “AI acts as a bridge between IT and line-of-business users, fostering true collaboration across the enterprise,” said Jitterbit President and CEO Bill Conner. “By infusing AI natural language processing into the Harmony platform, we’re simplifying the building, integrating, connecting, and exposing of applications. What were once isolated applications now become interconnected enterprise systems, enabling seamless connections and integrations to enterprise-wide processes.”

    “AI is no longer just a tool — it’s the catalyst for seamless, end-to-end automation that drives innovation at every level of business,” said Antonio Cisternino, CIO and Professor of Computer Science at the University of Pisa. “With Jitterbit’s new AI capabilities, organizations can now gain a holistic view of their data, powered by enterprise systems that are fully automated from end to end, driving smarter decisions and accelerating business outcomes in a controlled way.”

    Building on its vision for advancing AI, Jitterbit’s integration of NLP technology into its unified, AI-infused low-code Harmony platform makes it even easier for users to automate applications and workflows by significantly reducing the development time and effort required to develop applications, manage APIs and integrate complex enterprise systems.

    “By eliminating the need for traditional coding, NLP makes developing applications, building and managing APIs, and integrating complex workflows accessible to everyone, regardless of technical expertise,” said Jitterbit CTO Manoj Chaudhary. “This advancement is a critical milestone on the path toward agentic AI, where systems can intelligently adapt, learn, and execute autonomously.”

    New Jitterbit AI Assistants Accelerate Application, API Management

    Jitterbit’s new AI-infused capabilities redefine how users leverage the Harmony platform to generate code faster and accelerate innovation.

    “Users can use simple natural language to create actionable code, enabling them to develop, manage, and integrate applications and systems seamlessly across the business — saving hundreds of hours in the process,” said Chaudhary.

    • AI-Infused App Builder Assistant: An AI assistant designed to effortlessly create new applications and manage and modify existing ones using natural language. This feature is now in beta and available to Jitterbit customers. General availability is planned for Q2 2025.
    • AI-Infused API Manager: Jitterbit API Manager empowers users to create APIs using an AI assistant to simplify API development and accelerate time to value. A beta program for this feature is now available with general availability planned for Jitterbit customers in Q2 2025.
    • AskJB AI: An intelligent assistant providing real-time answers, guidance, and information is generally available within the Harmony platform and Jitterbit Documentation.

    Jitterbit Introduces New Observability Tools, Cloud Datastore and Security Standards

    Building on its AI-infused capabilities, Jitterbit introduced new observability and cloud storage features as well as new security certifications in the Harmony platform — designed to give organizations unmatched visibility, streamlined data management, and enhanced protection for their critical business processes.

    • Agent Observability for Integration Performance Optimization: offers real-time visibility into the performance and behavior of private agents deployed on customer-managed servers, within firewalls, or in virtual private clouds. With pre-built dashboards for Datadog and Elasticsearch, customers can access over 50 key metrics to gain deeper operational insights addressing anomalies before they disrupt operations. A beta is now open to Jitterbit customers.
    • Cloud Datastore for Streamlined Integration Data Management: Cloud Datastore is a cloud-based storage solution that allows users to store, manage, and retrieve data within their integration workflows. It acts as a central repository for data that various Jitterbit applications, APIs and integrations built on the Harmony platform can access. The Cloud Datastore is typically used to persist data for applications that require seamless data exchange or for integrations that need temporary or long-term storage of structured or unstructured data. Cloud Datastore also is GDPR-compliant for the European Union (EU). A beta is coming to Jitterbit customers in Q1 2025.
    • Elevated Security Standards: Building on its layered security foundation, Jitterbit has attained new security certifications, including ISO 27017 and ISO 27018 compliance, along with NZISM certification for New Zealand and Australia. These certifications ensure that Jitterbit meets the highest global security standards.

    Beta Access for Jitterbit Customers

    Jitterbit customers who are interested in participating in the beta programs may contact product@jitterbit.com.

    Jitterbit Harmony
    Jitterbit Harmony is a unified AI-infused low-code platform for integration, orchestration, automation, and app development that accelerates business transformation. Consisting of iPaaS (Integration Platform as a Service), API Management, App Builder (low-code application development), EDI (Electronic Data Interchange), Harmony empowers IT teams and line-of-business groups to quickly become more productive, efficient, and responsive, leading to reduced organizational friction, improved efficiency, and better business outcomes.

    About Jitterbit Inc.
    For organizations ready to modernize and innovate, Jitterbit provides a unified AI-infused low-code platform for integration, orchestration, automation, and app development that accelerates business transformation, boosts productivity, and unlocks value. The Jitterbit Harmony platform, including iPaaS, API Manager, App Builder and EDI, future-proofs operations, simplifies complexity and drives innovation for organizations globally. Learn more at www.jitterbit.com and follow us on LinkedIn.

    Media Contact:
    Laura Hunter
    Senior Director of Communications
    Jitterbit
    Laura.Hunter@jitterbit.com
    310-344-6426

    The MIL Network –

    February 12, 2025

  • MIL-OSI United Kingdom: Funding boost to tackle gender-based violence

    Source: Scottish Government

    Delivering Equally Safe Fund increased.

    More than 100 organisations across Scotland working to tackle violence against women and girls will share in a funding uplift of £2.4 million.

    The funding boost will bring the total Scottish Government investment in Delivering Equally Safe, which funds projects to prevent violence and support survivors, up to £21.6 million for the year ahead subject to the 2025-26 Budget being approved.

    Equalities Minister Kaukab Stewart announced the funding increase on a visit to SAY Women – a Glasgow charity offering safe accommodation and emotional support for young survivors of sexual abuse who are facing homelessness.

    Ms Stewart said:

    “Grassroots organisations across Scotland are at the heart of tackling violence against women and girls. Their work is fundamental to creating a country free from gender-based abuse.

    “This funding boost will support these organisations, will help prevent abuse occurring and ensure that women and girls who have experienced violence can continue to access the support they deserve.”

    SAY Women CEO Pam Hunter said:

    “SAY Women is delighted to receive the additional funds. This will go towards increasing our investment into projects for the young women within our services.

    “In the face of the rising cost of living, increase in N.I contributions and inflation, the organisation made the challenging executive decision to limit the variety of activities on offer to those in our care so that we may allow the staff to have a fair living wage. This additional funding will reinstate many of the services that were temporarily paused so that SAY Women may continue to do the good work supporting young women affected by sexual violence and homelessness.”

    Background

    The Delivering Equally Safe Fund supports organisations across Scotland in their work to tackle violence against women and girls, and has done since 2021.

    The Delivering Equally Safe fund is the Scottish Government’s funding programme to support third sector organisations and public bodies to contribute to the objectives, priorities and outcomes of the Equally Safe strategy – Scotland’s strategy to prevent and eradicate violence against women and girls.

    A £19.2 million funding extension to allow these organisations to continue their work until March 2026 was announced in December 2024, provided the Scottish Budget 2025-26 is approved by parliament: Preventing violence against women and girls – gov.scot

    This funding uplift of £2.4 million brings the fund total for 2025-26 to £21.6 million.

    The organisations funded through Delivering Equally Safe are as follows:

    Organisation

    Aberdeen City Council

    Aberdeen Cyrenians Ltd

    Aberlour Child Care Trust

    Action for Children

    Amina – the Muslim Women’s Resource Centre

    Angus Women’s Aid

    Argyll & Bute Rape Crisis

    Argyll & Bute Violence against Women and Girls Partnership

    Argyll & Bute Women’s Aid SCIO

    ASSIST, Glasgow City Council

    Barnardo’s Tayside

    Barnardo’s Falkirk

    Border Women’s Aid Ltd

    British Red Cross Society

    Caithness & Sutherland Women’s Aid

    CEA Committed To Ending Abuse

    Central Advocacy Partners

    Children 1st

    Clackmannanshire Women’s Aid

    Close the Gap (SCIO)

    Deaf Links

    Dumbarton District Women’s Aid

    Dumfries & Galloway Council

    Dumfries & Galloway Rape Crisis and Sexual Abuse Support Centre

    Dumfriesshire & Stewartry Women’s Aid

    Dundee City Council

    Dundee International Women’s Centre

    Dundee Women’s Aid

    East Ayrshire Health & Social Care Partnership

    East Ayrshire Women’s Aid

    East Dunbartonshire Association For Mental Health

    East Dunbartonshire Women’s Aid SCIO

    East Lothian and Midlothian Public Protection Committee

    Edinburgh Rape Crisis Centre

    Edinburgh Women’s Aid Ltd

    Edinburgh Women’s Aid Ltd

    EmilyTest

    Engender

    FENIKS Counselling, Personal Development & Support Service Ltd

    Fife Council

    Fife Rape and Sexual Assault Centre

    Fife Women’s Aid

    Forth Valley Rape Crisis Centre

    GEMAP Scotland Ltd

    Glasgow and Clyde Rape Crisis

    Glasgow Women’s Aid

    Grampian Women’s Aid

    Hemat Gryffe Women’s Aid Limited

    INVERCLYDE WOMEN’S AID SCIO

    Inverness Women’s Aid

    JustRight Scotland SCIO

    Kenyan Women in Scotland Association (CIC)

    Kibble Education and Care Centre

    Kingdom Abuse Survivors Project

    Lanarkshire Rape Crisis Centre

    LGBT Youth Scotland

    Liber8 (Lanarkshire) Ltd

    Lochaber Women’s Aid

    Monklands Women’s Aid

    Moray Rape Crisis

    Moray Women’s Aid

    Motherwell & District Women’s Aid

    Multi-Cultural Family Base

    North Ayrshire Women’s Aid

    North Lanarkshire Council

    Cumbernauld & District Women’s Aid SCIO

    Orkney Rape & Sexual Assault Service (ORSAS) SCIO

    Perth & Kinross Council

    Perthshire Women’s Aid

    Rape and Sexual Abuse Centre, Perth & Kinross

    Rape and Sexual Abuse Service Highland

    Rape Crisis Grampian

    Rape Crisis Scotland

    Renfrewshire Council

    Renfrewshire Council, Children’s Services, Women and Children First

    Renfrewshire Women’s Aid SCIO

    Respect

    Ross-Shire Women’s Aid

    Rowan Alba Ltd

    Sacro

    SafeLives

    Saheliya

    Sandyford – NHS Greater Glasgow and Clyde

    SAY Women

    Scottish Borders Council

    Scottish Borders Rape Crisis Centre (SBRCC)

    Scottish Commission for Learning Disability

    Scottish Women’s Aid

    Shakti Women’s Aid

    Shetland Rape Crisis

    Shetland Women’s Aid (SCIO)

    South Ayrshire Women’s Aid

    South Lanarkshire Council

    South West Grid for Learning Trust Ltd

    Stirling & District Women’s Aid

    The Highland Council

    The Improvement Service

    The Star Centre

    The Venture Trust

    West Dunbartonshire Council

    Western Isles Rape Crises Centre

    Western Isles Women’s Aid SCIO

    West Lothian Council

    West Lothian Women’s Aid (WLWA)

    White Ribbon Scotland

    Wigtownshire Women’s Aid

    Women’s Aid East and Midlothian Ltd

    Women’s Aid Orkney

    Women’s Aid South Lanarkshire and East Renfrewshire

    Women’s Rape and Sexual Abuse Centre Dundee and Angus

    Women’s Rape and Sexual Abuse Centre Dundee and Angus

    Women’s Support Project

    YWCA Scotland

    Zero Tolerance

    The latest Equally Safe Delivery Plan, published in August 2024, sets out next steps to address violence against women and girls.

    Frontline projects funded through the Delivering Equally Safe Fund have supported 67,004 adults, children and young people since 2021.

    SAY Women is a charity that offers safe semi-supported accommodation and emotional support for young women aged 16 to 25 who are survivors of sexual abuse, rape or sexual assault and who are homeless, or threatened with homelessness.

    SAY Women receive funding through the Delivering Equally Safe Fund, and with this uplift this will increase from £52,009 to £58,770 in 2025/26. Funding is in place to support a full Sessional Team to support young women to participate in additional mental health/wellbeing activities contributing to wellbeing improvements aiding in preventing homelessness.

    SAY Women are also supported by the Scottish Government’s Survivors of Childhood Abuse Support (SOCAS) Fund. The fund supports 22 organisations across Scotland who work with adult survivors of childhood abuse. SAY Women have been allocated £190,000 for the period of the Fund (1 October 2024 – 31 March 2026) to provide specialised support to young women survivors of childhood sexual abuse who are homeless or at risk of becoming homeless.

    MIL OSI United Kingdom –

    February 11, 2025
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