Category: Banking

  • MIL-OSI Video: EU Archives: Homage to Jean Monnet, new premises for the European Central Bank

    Source: European Commission (video statements)

    Have you ever wondered what the European Union was up to 60 years ago? Dive with us into the European Commission’s audiovisual archives and discover important anniversaries with our new weekly AV history teaser!

    Upcoming anniversaries in the teaser:

    · 1965: Initial talks on economic ties between the European Economic Community and Austria
    · 2005: Presentation of the European Rail Traffic Management System
    · 2010: Homage to EU founding father Jean Monnet at the Panthéon in Paris
    · 2015: Inauguration of the European Central Bank’s new premises

    Get the complete material from our archive:
    https://europa.eu/!mk86DF
    https://europa.eu/!rC63th
    https://europa.eu/!cc93dy
    https://europa.eu/!Th97jj
    https://europa.eu/!gP78fp

    Watch on the Audiovisual Portal of the European Commission:
    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=r0V5BkSboLE

    MIL OSI Video

  • MIL-OSI: Malaga Financial Corporation Announces 83rd Consecutive Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    PALOS VERDES ESTATES, Calif., March 14, 2025 (GLOBE NEWSWIRE) — Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on March 24, 2025. The dividend will be paid out on or about April 1, 2025. Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to reward our loyal shareholders with this 25-cent quarterly dividend which represents a 4.85% annualized yield based on our most recent closing price of $20.62. We are grateful for the efforts of our colleagues which has positioned us to declare this 83rd consecutive quarterly cash dividend.”

    Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. For over fifteen years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc. Malaga Bank was awarded Bauer’s premier Top 5-Star rating for the 69thconsecutive quarter as of December 2024. Since 1985, Malaga Bank has been delivering competitive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.

    Contact: Randy Bowers
      Chairman, President, and Chief Executive Officer
      Malaga Financial Corporation
      (310) 375-9000
      rbowers@malagabank.com

    The MIL Network

  • MIL-OSI USA: Federal Reserve Board announces approval of proposal by EverBank Financial Corp

    Source: US State of New York Federal Reserve

    .

    March 14, 2025
    Federal Reserve Board announces approval of proposal by EverBank Financial Corp
    For release at 2:30 p.m. EDT

    The Federal Reserve Board on Friday announced its approval of the proposal by EverBank Financial Corp, of Jacksonville, Florida, to acquire Sterling Bank and Trust, FSB, of Southfield, Michigan.
    For media inquiries, please email [email protected] or call 202-452-2955.

    Last Update: March 14, 2025

    MIL OSI USA News

  • MIL-OSI USA: Federal Reserve Board announces approval of application by Renasant Corporation

    Source: US State of New York Federal Reserve

    .

    March 14, 2025
    Federal Reserve Board announces approval of application by Renasant Corporation
    For release at 2:30 p.m. EDT

    The Federal Reserve Board on Friday announced its approval of the application by Renasant Corporation, of Tupelo, Mississippi, to merge with The First Bancshares, and thereby indirectly acquire The First Bank, both of Hattiesburg, Mississippi.
    For media inquiries, please email [email protected] or call 202-452-2955.

    Last Update: March 14, 2025

    MIL OSI USA News

  • MIL-OSI: WithSecure Corporation: SHARE REPURCHASE 14.3.2025

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, STOCK EXCHANGE RELEASE, 14 March 2025 at 6.30 PM (EET)
           
           
    WithSecure Corporation: SHARE REPURCHASE 14.3.2025  
           
    In the Helsinki Stock Exchange      
           
    Trade date           14.3.2025    
    Bourse trade         Buy    
    Share                  WITH    
    Amount             20 000 Shares  
    Average price/ share    0,9139 EUR  
    Total cost            18 278,00 EUR  
           
           
    WithSecure Corporation now holds a total of 151 890 shares  
    including the shares repurchased on 14.3.2025    
           
    The share buybacks are executed in compliance with Regulation   
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.  
           
           
    On behalf of Withsecure Corporation    
           
    Nordea Bank Oyj      
           
    Janne Sarvikivi           Sami Huttunen    
           
           
    Contact information:      
    Laura Viita      
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation      
    Tel. +358 50 4871044      
    Investor-relations@withsecure.com      

    Attachment

    The MIL Network

  • MIL-OSI Canada: Joint statement of the G7 Foreign Ministers’ Meeting in Charlevoix

    Source: Government of Canada News

    March 14, 2025 – Charlevoix, Quebec – Global Affairs Canada

    1. We the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union, met in Charlevoix on March 12 to 14, 2025.

    Ukraine’s long-term prosperity and security

    2. We reaffirmed our unwavering support for Ukraine in defending its territorial integrity and right to exist, and its freedom, sovereignty and independence.

    3. We welcomed ongoing efforts to achieve a ceasefire, and in particular the meeting on March 11 between the U.S. and Ukraine in the Kingdom of Saudi Arabia. We applauded Ukraine’s commitment to an immediate ceasefire, which is an essential step towards a comprehensive, just and lasting peace in line with the Charter of the United Nations.

    4. We called for Russia to reciprocate by agreeing to a ceasefire on equal terms and implementing it fully. We discussed imposing further costs on Russia in case such a ceasefire is not agreed, including through further sanctions, caps on oil prices, as well as additional support for Ukraine, and other means. This includes the use of extraordinary revenues stemming from immobilized Russian Sovereign Assets. We underlined the importance of confidence-building measures under a ceasefire including the release of prisoners of war and detainees—both military and civilian—and the return of Ukrainian children.

    5. We emphasized that any ceasefire must be respected and underscored the need for robust and credible security arrangements to ensure that Ukraine can deter and defend against any renewed acts of aggression. We stated that we will continue to coordinate economic and humanitarian support to promote the early recovery and reconstruction of Ukraine, including at the Ukraine Recovery Conference which will take place in Rome on July 10-11, 2025.

    6. We condemned the provision to Russia of military assistance by DPRK and Iran, and the provision of weapons and dual-use components by China, a decisive enabler of Russia’s war and of the reconstitution of Russia’s armed forces. We reiterated our intention to continue to take action against such third countries.

    7. We expressed alarm about the impacts of the war, especially on civilians and on civilian infrastructure. We discussed the importance of accountability and reaffirmed our commitment to work together to achieve a durable peace and to ensure that Ukraine remains democratic, free, strong and prosperous.   

    Regional peace and stability in the Middle East  

    8. We called for the release of all hostages and for the hostages’ remains held by Hamas in Gaza to be returned to their loved ones. We reaffirmed our support for the resumption of unhindered humanitarian aid into Gaza and for a permanent ceasefire. We underscored the imperative of a political horizon for the Palestinian people, achieved through a negotiated solution to the Israeli-Palestinian conflict that meets the legitimate needs and aspirations of both peoples and advances comprehensive Middle East peace, stability and prosperity. We noted serious concern over the growing tensions and hostilities in the West Bank and calls for de-escalation.

    9. We recognized Israel’s inherent right to defend itself consistent with international law. We unequivocally condemned Hamas, including for its brutal and unjustified terror attacks on October 7, 2023, and the harm inflicted on the hostages during their captivity and the violation of their dignity through the use of ‘handover ceremonies’ during their release. We reiterated that Hamas can have no role in Gaza’s future and must never again be a threat to Israel. We affirmed our readiness to engage with Arab partners on their proposals to chart a way forward on reconstruction in Gaza and build a lasting Israeli-Palestinian peace.

    10. We expressed our support for the people of Syria and Lebanon, as both countries work towards peaceful and stable political futures. At this critical juncture, we reiterated the importance of Syria’s and Lebanon’s sovereignty and territorial integrity. We called unequivocally for the rejection of terrorism in Syria. We condemned strongly the recent escalation of violence in the coastal regions of Syria, and called for the protection of civilians and for perpetrators of atrocities to be held accountable. We stressed the critical importance of an inclusive and Syrian-led political process. We welcomed the commitment by the Syrian interim government to work with the OPCW in eliminating all remaining chemical weapons.

    11. We stressed that Iran is the principal source of regional instability and must never be allowed to develop and acquire a nuclear weapon. We emphasized that Iran must now change course, de-escalate and choose diplomacy. We underscored the threat of Iran’s growing use of arbitrary detention and foreign assassination attempts as a tool of coercion.

    Cooperation to increase security and resilience across the Indo-Pacific  

    12. We reiterated our commitment to upholding a free, open, prosperous and secure Indo-Pacific, based on sovereignty, territorial integrity, peaceful resolution of disputes, fundamental freedoms and human rights.

    13. We remain seriously concerned by the situations in the East China Sea as well as the South China Sea and continue to oppose strongly unilateral attempts to change the status quo, in particular by force and coercion. We expressed concern over the increasing use of dangerous maneuvers and water cannons against Philippines and Vietnamese vessels as well as efforts to restrict freedom of navigation and overflight through militarization and coercion in the South China Sea, in violation of international law. We emphasized the importance of maintaining peace and stability across the Taiwan Strait. We encouraged the peaceful resolution of cross-Strait issues and reiterated our opposition to any unilateral attempts to change the status quo by force or coercion. We also expressed support for Taiwan’s meaningful participation in appropriate international organizations.  

    14. We remain concerned with China’s military build-up and the continued, rapid increase in China’s nuclear weapons arsenal. We called on China to engage in strategic risk reduction discussions and promote stability through transparency.

    15. We emphasized that China should not conduct or condone activities aimed at undermining the security and safety of our communities and the integrity of our democratic institutions.16. We expressed concerns about China’s non-market policies and practices that are leading to harmful overcapacity and market distortions. We further called on China to refrain from adopting export control measures that could lead to significant supply chain disruptions. We reiterated that we are not trying to harm China or thwart its economic growth, indeed a growing China that plays by international rules and norms would be of global interest.

    16. We demanded that the DPRK abandon all its nuclear weapons and any other weapons of mass destruction as well as ballistic missile programs in accordance with all relevant United Nations Security Council resolutions. We expressed our serious concerns over, and the need to address together, the DPRK’s cryptocurrency thefts. We called on DPRK to resolve the abductions issue immediately.

    17. We denounced the brutal repression of the people of Myanmar by the military regime and called for an end to all violence and for unhindered humanitarian access.

    Building stability and resilience in Haiti and Venezuela

    18. We strongly denounced the ongoing horrifying violence that continues to be perpetrated by gangs in Haiti in their efforts to seize control of the government. We reaffirmed our commitment to helping the Haitian people restore democracy, security and stability, including through support to the Haitian National Police and Kenya-led Multinational Security Support Mission and an increased role for the UN. We expressed support for Haitian authorities’ efforts to create a specialized anti-corruption jurisdiction that complies with the highest international standards.

    19. We reiterated our call for the restoration of democracy in Venezuela in line with the aspirations of the Venezuelan people who peacefully voted on July 28, 2024, for change, the cessation of repression and arbitrary or unjust detentions of peaceful protestors including youth by Nicolas Maduro’s regime, as well as the unconditional and immediate release of all political prisoners. We also agreed Venezuelan naval vessels threatening Guyana’s commercial vessels is unacceptable and an infringement of Guyana’s internationally recognized sovereign rights. We reaffirmed respect for the sovereignty and territorial integrity of all nations as an enduring value.

    Supporting lasting peace in Sudan and the Democratic Republic of the Congo

    20. We unequivocally denounced the ongoing fighting and atrocities in Sudan, including sexual violence against women and girls, which have led to the world’s largest humanitarian crisis and the spread of famine. We called for the warring parties to protect civilians, cease hostilities, and ensure unhindered humanitarian access, and urged external actors to end their support fueling the conflict.

    21. We condemned the Rwanda-backed M23 offensive in the eastern Democratic Republic of the Congo (DRC) and the resulting violence, displacement and grave human rights and international humanitarian law violations. This offensive constitutes a flagrant disregard of the territorial integrity of the DRC. We reiterated our call for M23 and the Rwanda Defence Force to withdraw from all controlled areas. We urged all parties to support the mediation led by the East African Community and the Southern African Development Community, to promote accountability for human rights abuses by all armed actors, including M23 and the FDLR, and to commit to a peaceful and negotiated resolution of the conflict, including the meaningful participation of women and youth.

    Strengthening sanctions and countering hybrid warfare and sabotage

    22. We welcomed efforts to strengthen the Sanctions Working Group focused on listings and enforcement. We also welcomed discussions on the establishment of a Hybrid Warfare and Sabotage Working Group, and of a Latin America Working Group.

    MIL OSI Canada News

  • MIL-OSI: OBSI 2024 Annual Report Released

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 14, 2025 (GLOBE NEWSWIRE) — The Ombudsman for Banking Services and Investments (OBSI) released its 2024 Annual Report.

    In 2024, OBSI responded to 16,420 public inquiries – a 5% decrease from the record levels reached in 2023. OBSI opened 3,202 investigations in 2024, compared to last year’s record high of 3,050, representing a 5% year-over-year increase.

    “2024 was a pivotal and exciting year for OBSI,” said Sarah Bradley, Ombudsman and CEO, OBSI. “During the year, we responded to the highest ever levels of consumer demand for our services and we successfully prepared for our newly expanded role as the single ombudsman for banking in Canada.”

    Banking cases reached a new record high in 2024, increasing 7% year over year to 2,553, up from 2,388 cases in 2023. Investment cases decreased 2% year over year to 649, down from a record high of 662 cases in 2023.

    Banking case highlights

    In 2024, fraud continued to be the leading issue for consumer banking complaints, representing 38% of banking cases. Fraud investigations increased 2% year over year to 966 cases, up from 950 cases in 2023. Significant issues also included consumer complaints about service issues, representing 21% of all banking cases and a significant year-over-year increase. Cases related to credit card chargebacks made up 7% of all banking cases, while complaints related to product information disclosure or misrepresentation increased significantly year over year and represented 6% of all banking cases.

    The top banking product concerns focused on credit cards, e-transfers, and personal savings and chequing accounts. In 2024, we opened:

    • 756 credit card complaints, making up 30% of banking cases.
    • 607 e-transfer complaints, representing 24% of banking cases.
    • 305 personal saving and chequing complaints, accounting for 12% of banking cases.

    Investment case highlights

    Service issues and investment suitability were the leading issues for investors in 2024, with 110 cases opened each, representing 17% of investment cases respectively. Service issues increased 7% year over year, while suitability cases decreased 38% from last year. There were 93 cases related to fraud, representing 14% of all investment cases opened, a 5% decrease year over year. Notably, cases related to fee disclosure issues increased 76% from last year to 74 cases, accounting for 11% of investment cases.

    Common shares were the most complained-about investment product in 2024, with 231 cases opened representing 36% of all investment complaints, up from 27% in 2023. Mutual fund cases decreased 34% year over year to 197 cases, representing 30% of investment cases. Crypto assets remained the third most common product for complaints for investors this year, decreasing 11% to 89 cases, down from 100 cases in 2023.

    Low settlements at OBSI

    For the first time, the annual report includes aggregate data related to low settlements. OBSI’s recommendations are not binding, meaning that firms do not have to follow them. Over many years, we have seen that this can lead to firms offering less than what we recommend as fair in all the circumstances of the case, and consumers accepting these offers because they have no other options.

    In the period from 2019 to 2023, there were no banking cases with settlements below the amount we recommended and there were 33 investment cases with settlements below our recommended amount. In total, these 33 consumers received $1,147,470 less than we recommended.

    In our review of low settlements data we observed that low settlements are more likely as the value of our recommendations increases. While almost no consumers with recommendations under $10,000 experienced a low settlement, in cases with recommendations of over $100,000, half of consumers settled for less than we recommended, and these consumers received nearly 44% less than we recommended on average.

    In 2024, there were four banking cases with settlements below our recommended amount, although all were relatively low value. We saw improvement in the number of investment cases experiencing low settlements in 2024, with just two cases settling below our recommended amount. However, those two consumers received $289,268 less than we recommended as fair.

    Systemic issues and disclosures to regulators

    In 2024, OBSI continued its practice of communicating regularly with financial services regulators about systemic issues and issues affecting multiple consumers. During the year, a range of topics were reported and discussed at meetings with regulators that included:

    • Detailed aggregate data including:
      • Products, issues and outcomes details and trends
      • Specific (anonymized) case outcomes and summaries
      • Additional information relating to cases involving low settlements
    • Cryptocurrency fraud
    • Banking fraud
    • Information relevant to the effective transition to the single ECB framework for Canadian banks
    • CSA work towards development of a binding authority framework
    • Claims management company activity in Canada
    • Investment fund risk rating practices
    • OBSI’s loss calculation methodology

    In 2024, OBSI reported two specific systemic issues to regulators related to banking. The first report related to cases involving fraud, particularly e-transfer fraud and other digital fraud, impacting an unprecedented number of Canadian consumers. The second report related to the impact of a specific firm’s account opening policies and procedures on a class of vulnerable consumers.

    Canada’s Ombudsman for Banking Services and Investments (OBSI) is a national, independent, not-for-profit organization that helps resolve and reduce disputes between consumers and financial services firms in both official languages. OBSI is responsive to consumer inquiries, conducts fair and accessible investigations of unresolved disputes, and shares its knowledge and expertise with all stakeholders and the public. If a consumer has a complaint against an OBSI participating bank or investment firm that they are not able to resolve with the bank or firm, OBSI will investigate at no cost to the consumer. Where a complaint has merit, OBSI may recommend compensation up to a maximum of $350,000.

    For more information, please contact:
    Mark Wright, Director, Communications and Stakeholder Relations
    416-287-2877 ext.2225
    publicaffairs@obsi.ca

    The MIL Network

  • MIL-OSI: DNO Completes USD 600 Million Bond Placement

    Source: GlobeNewswire (MIL-OSI)

    14 March 2025 – DNO ASA, the Norwegian oil and gas operator, today completed the private placement of USD 600 million of new five-year senior unsecured bonds with a coupon rate of 8.5 percent. The bond placement met strong investor demand across US, Nordic and international markets and was significantly oversubscribed.

    “With this issue, we extend our flawless record to 20 successful bond placements over the past 24 years, with no waivers, no amendments and certainly no defaults,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “The enthusiastic response reflects this record and the growing diversification of the Company with the transformative acquisition of Sval Energi Group AS announced last week,” he added.

    Settlement is expected on or about 27 March 2025, subject to customary conditions precedent. An application will be made to list the bonds on the Oslo Stock Exchange. Proceeds from the new bond issue will be used to call the USD 350 million outstanding DNO04 bonds (ISIN: NO0011088593) and general corporate purposes.

    DNB Markets, part of DNB Bank ASA, and Pareto Securities AS acted as Global Coordinators and Joint Bookrunners with Clarksons Securities AS, Fearnley Securities AS and SpareBank 1 Markets AS as Co-Lead Managers. AGP Advokater AS acted as legal advisor to the Company.

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands and Yemen. More information is available at www.dno.no

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    This release does not constitute any offer or solicitation to sell or purchase any securities. 

    The release may not be released, published or distributed in the United States of America or any other jurisdiction where release, publication or distribution would be prohibited or require any registration or filing acts or similar.

    The MIL Network

  • MIL-OSI: Changes in the Management Board of Šiaulių Bankas

    Source: GlobeNewswire (MIL-OSI)

    Šiaulių Bankas AB has received notification of Agnė Duksienė about her resignation from the Bank’s Management Board members.

    18 March 2025 is the last day of Agnė Duksienė term of office as a member of the Management Board and as a Head of Legal, Compliance and Prevention Division and CCO.

    Agnė Duksienė started her career at Šiaulių Bankas in 2022 and took up her duties as a member of the Management Board on 8 May 2023.

    “On behalf of the Bank, I thank Agnė Duksienė for her professionalism and leadership in the areas of legal and compliance management, which are of strategic importance to the Bank. Function of Head of the Legal, Compliance and Prevention Division will be covered by Aurelija Geležiūnė, who currently holds Head of Legal Department position. After the necessary regulatory actions are performed, she will ensure covering CCO functions as well,” said Vytautas Sinius, CEO.

     

    Additional information:
    Oksana Balsienė
    Head of HR
    oksana.balsiene@sb.lt

    The MIL Network

  • MIL-OSI China: China issues 6.14 trillion yuan in new loans in first two months of 2025

    Source: China State Council Information Office

    China issued 6.14 trillion yuan (about 855.89 billion U.S. dollars) in new yuan-denominated loans in the first two months of 2025, central bank data showed on Friday.

    At the end of February, outstanding yuan loans amounted to 261.78 trillion yuan, up 7.3 percent year on year, according to the People’s Bank of China.

    The M2, a broad measure of money supply that covers cash in circulation and all deposits, had by the end of last month increased by 7 percent year on year to 320.52 trillion yuan.

    The M1, which covers cash in circulation, demand deposits and clients’ reserves of non-banking payment institutions, stood at 109.44 trillion yuan at the end of February, up 0.1 percent year on year. 

    MIL OSI China News

  • MIL-OSI: Correction to Aktia Bank Plc’s Annual Review 2024

    Source: GlobeNewswire (MIL-OSI)

    Aktia Bank Plc
    Stock Exchange Release
    14 March 2025 at 2.45 p.m.

    Correction to Aktia Bank Plc’s Annual Review 2024

    Aktia Bank Plc’s Annual Review 2024, published on 13 March 2025 as part of Aktia’s Annual Report 2024, contains incorrect information about the launch of some funds in 2024. On page 15, which describes the Asset Management business area, the first paragraph under the subheading ‘We continued our determined efforts to develop our award-winning fund selection’ has been corrected.

    Below the corrected paragraph in full.

    In 2024, we moved Aktia Emerging Market Corporate Bond+ under the Article 8 classification and prepared for launching a dark green fund in accordance with Article 9, which, in its investment process, uses sustainability criteria and the megatrends that support these criteria. We clarified our short-term fixed income fund offering by merging the funds Aktia Stable Yield and Aktia Short-Term Corporate Bond+, and focused on launching a European equity fund, which invests in European small and medium-sized enterprises. For our institutional and Private Banking customers, we launched the Aktia Velkarahastot II fund in cooperation with Oaktree Capital Management. The fund invests in private equity investment funds investing in unlisted opportunistic debt. During the year, we also issued four structured products.

    The corrected Annual Review is attached to this release.

    Aktia Bank Plc

    Further information:
    Oscar Taimitarha, Director, Investor Relations, tel. +358 40 562 2315, ir (at) aktia.fi

    Distribution:
    Nasdaq Helsinki Ltd
    Mass media
    www.aktia.com

    Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 31 December 2024 amounted to EUR 14.0 billion, and the balance sheet total was EUR 11.9 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

    Attachment

    The MIL Network

  • MIL-OSI: VeeMost Technologies Announces E-Rate Wins, New Vendor Partnerships, and Contracts with a Government Services Provider in the Defense Sector

    Source: GlobeNewswire (MIL-OSI)

    Red Bank, NJ, March 14, 2025 (GLOBE NEWSWIRE) — VeeMost Technologies Inc. (OTC: $GDVM) is pleased to announce several key business achievements, reinforcing its commitment to growth and innovation in the IT and cybersecurity sectors.

    Major E-Rate Wins Strengthen Position in Education Sector

    VeeMost has successfully won Nine E-Rate bids to provide technology solutions for schools, with additional contract awards expected in the coming weeks. This marks a significant step forward in the company’s continued success within the E-Rate program, which enables schools and libraries to access affordable IT infrastructure and cybersecurity solutions.

    “As an experienced technology provider in the education sector, we are proud to support schools with the critical IT services and products they need to enhance learning environments,” said Mr. Ejiogu, President at VeeMost. “These wins validate our expertise and position us for continued success as more E-Rate funding is allocated.”

    Expansion into the Defense Industry

    VeeMost has also secured multiple contracts with a defense industry company, strengthening its role in providing secure, high-performance IT solutions to critical infrastructure and national security sectors. These deals mark an important milestone as the company expands its capabilities to serve defense and government-related clients.

    New Vendor Partnerships with Vertiv, Nutanix, and Lenovo

    To enhance its portfolio of solutions, VeeMost has established new strategic partnerships with vendors such as Vertiv, Nutanix, Lenovo and more. These partnerships will allow the company to continue to provide cutting-edge IT, cloud, and infrastructure solutions to its clients, including businesses, government agencies, and educational institutions.

    “With the addition of these key partners, we are positioned to deliver even more comprehensive and scalable solutions to our customers,” said Mr. Ejiogu. “Our goal is to continuously expand our offerings and meet the evolving needs of our clients.”

    Progress Toward GSA Schedule Approval

    VeeMost has officially begun the process of obtaining a GSA Schedule contract, which will provide direct access to federal, state, and local government contracts. To streamline this process, VeeMost has engaged the services of Government Services Exchange (GSE), a leading consulting firm specializing in helping businesses obtain GSA certification and secure government contracts.

    “GSE has an outstanding track record of guiding companies through the GSA approval process, and we are confident that their expertise will help us achieve certification efficiently,” said Mr. Ejiogu. “The GSA Schedule is a key part of our long-term growth strategy, opening doors to significant government business opportunities.”

    CEO Honored with Lifetime Gratitude Award at Prestigious Gala

    VeeMost Technologies is also proud to announce that Mr. Melvin Ejiogu was honored with a Lifetime Gratitude Award at the 50th Gala Celebration of a leading educational institution in Cleveland, Ohio, for contributions to education technology. This recognition highlights the company’s deep commitment to supporting schools through cybersecurity, networking, and IT infrastructure solutions.

    “This recognition underscores the impact VeeMost has had on the education sector, not just as a service provider but as a true partner in shaping the future of learning,” said Mr. Ejiogu. “It reflects our dedication to making a meaningful difference in communities through technology.”

    Looking Ahead

    With multiple contract wins, new contracts in a key sector, strong vendor partnerships, and progress toward GSA certification, VeeMost Technologies continues to execute its vision for expansion. The company remains committed to delivering cutting-edge IT solutions and driving value for its shareholders.

    For more information about VeeMost Technologies, please visit www.veemost.com.

    Safe Harbor Statement

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company’s ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company’s control.

    CONTACT:
    VeeMost Technologies Inc.
    info@veemost.com

    The MIL Network

  • MIL-OSI: Regarding the new management board member of the management company of UTIISIB UAB “Atsinaujinančios energetikos investicijos”

    Source: GlobeNewswire (MIL-OSI)

    The closed-end investment company intended for informed investors UAB “Atsinaujinančios energetikos investicijos” (the Investment Company) informs that, having received approval from the Bank of Lithuania regarding the candidacy of Marius Žemaitis, the newly elected management board member of the Investment Company’s management company, UAB “LORDS LB ASSET MANAGEMENT” (the Management Company), Marius Žemaitis has started to perform the duties of a management board member of the Management Company. The data regarding the newly composed management board of the Management Company have been registered in the Register of Legal Entities of the Republic of Lithuania.

    Contact person for further information:
    Rūta Abromavičienė, Senior Legal Officer of UAB “LORDS LB ASSET MANAGEMENT”
    ruta.abromaviciene@lordslb.lt 

    The MIL Network

  • MIL-OSI: Regarding the new management board member of the management company of SUTNTIB AB “TEWOX”

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania, March 14, 2025 (GLOBE NEWSWIRE) —

    The special closed-end real estate investment company AB “TEWOX” (the Investment Company) informs that, having received approval from the Bank of Lithuania regarding the candidacy of Marius Žemaitis, the newly elected management board member of the Investment Company’s management company, UAB “LORDS LB ASSET MANAGEMENT” (the Management Company), Marius Žemaitis has started to perform the duties of a management board member of the Management Company. The data regarding the newly composed management board of the Management Company have been registered in the Register of Legal Entities of the Republic of Lithuania.

    Contact person for further information:

    Rūta Abromavičienė, Senior Legal Officer of UAB “LORDS LB ASSET MANAGEMENT”

    ruta.abromaviciene@lordslb.lt 

    https://lordslb.lt/tewox_bonds/

    The MIL Network

  • MIL-OSI Asia-Pac: Fraudulent mobile application related to Bank of Communications (Hong Kong) Limited

    Source: Hong Kong Government special administrative region

    Fraudulent mobile application related to Bank of Communications (Hong Kong) Limited 
    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the App concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
    Issued at HKT 16:50

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Climate Finance in 2024

    Source: Asia Development Bank

    Infographic | 14 March 2025

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    In 2024, ADB made a commitment for climate finance to reach 50% of its total annual committed financing by 2030, as it progresses towards delivering over $100 billion in cumulative climate finance from its own resources from 2019 to 2030. ADB aims to ensure that 75% of its number of operations (on a 3-year rolling average) will support climate change mitigation and/or adaptation by 2030.

    From 2019 to 2024, ADB has already reached $41.9 billion towards this commitment, investing in its operations (including both regular and concessional ordinary capital resources, as well as Asian Development Fund grant resources). This includes $11.1 billion committed in 2024, of which $1.6 billion is non-sovereign financing. From 2022 to 2024, the share of ADB operations supporting climate action has already reached 91%, surpassing the target for the second year in a row.

    See databases for climate finance.

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    MIL OSI Economics

  • MIL-OSI China: China’s top legislature vows high-quality legislation, oversight to serve national interest

    Source: People’s Republic of China – State Council News

    China’s top legislature vows high-quality legislation, oversight to serve national interest

    BEIJING, March 8 — The Standing Committee of the National People’s Congress (NPC), China’s top legislature, on Saturday unveiled its annual work plan for 2025, vowing to advance high-quality legislative work and conduct effective oversight to serve the overall national interest.

    Chinese national lawmakers on Saturday started deliberating the work report of the NPC Standing Committee at the ongoing NPC annual session.

    To ensure constitutional implementation and strengthen compliance oversight, the NPC Standing Committee will improve the systems ensuring comprehensive implementation of the Constitution and establish a system for reporting on its implementation, the report said, adding that the legislature will enhance its capacity to conduct constitutional review and normative document recording and review.

    HIGH-QUALITY LEGISLATION

    In the annual legislative plan, the NPC Standing Committee unveiled several key areas for the coming year.

    In order to strengthen the legal framework for the development of the socialist market economy, the NPC Standing Committee will formulate a law on promoting the private sector, a law on national development planning, a financial law, a financial stability law, and a law on cultivated land protection and quality improvement.

    It will also revise the Unfair Competition Law, the Enterprise Bankruptcy Law, the Agriculture Law, the Fisheries Law, the Civil Aviation Law, and the Banking Regulation Law, according to the report.

    In the social and cultural sectors, the legislature will formulate a law promoting public awareness and education regarding the rule of law, a social assistance law, a childcare services law, and a law on public-interest litigation initiated by procuratorates.

    It will also revise the Law on the Prevention and Control of Infectious Diseases and the Law on the Standard Spoken and Written Chinese Language, the report said.

    With a focus on refining the systems concerning ecological conservation, the legislature will continue with the compilation of an environmental code and formulate a national parks law and an atomic energy law.

    To modernize the national security system and public security governance mechanisms, the NPC Standing Committee will formulate a law on public health emergency response and a hazardous chemicals safety law. It will also revise the Road Traffic Safety Law, the Food Safety Law, the Cybersecurity Law, the Public Security Administrative Penalties Law, the Prison Law, and the State Compensation Law.

    In regard to legislation in areas involving foreign affairs, the legislature will revise the Maritime Law, the Foreign Trade Law, and the Arbitration Law, according to the report.

    The NPC Standing Committee also vowed to intensify research on legislation in emerging sectors such as artificial intelligence, the digital economy, and big data.

    EFFECTIVE OVERSIGHT, LEVERAGING LAWMAKER ROLE

    The report noted that the legislature has prepared 37 oversight programs for this year, including inspections into the implementation of five laws: the Trade Union Law, the Energy Conservation Law, the Forest Law, the Food Safety Law, and the Law on Promoting the Circular Economy.

    The NPC Standing Committee will hear and deliberate special reports on a variety of issues, such as fostering new quality productive forces, promoting integrated development of the cultural and tourism sectors, protecting the rights and interests of workers in flexible and new forms of employment, and climate change action.

    On measures to fully leverage the roles of NPC deputies, the legislature will encourage deputies to engage the people on a broader range of issues and in more diverse forms, and will continue to improve working mechanisms for handling and giving feedback on public opinions brought forward by deputies.

    The NPC Standing Committee will also carry out a research project on the election of deputies to county- and township-level people’s congresses, according to the report.

    MIL OSI China News

  • MIL-Evening Report: International Women’s Day activists protest in solidarity with Palestinians

    Asia Pacific Report

    Activists in Aotearoa New Zealand marked International Women’s Day today and the start of Ramadan this week with solidarity rallies across the country, calling for justice and peace for Palestinian women and the territories occupied illegally by Israel.

    The theme this year for IWD is “For all women and girls: Rights. Equality. Empowerment” and this was the 74th week of Palestinian solidarity protests.

    First speaker at the Auckland rally today, Del Abcede of the Aotearoa section of the Women’s International League for Peace and Freedom (WILPF), said the protest was “timely given how women have suffered the brunt of Israel’s war on Palestine and the Gaza ceasefire in limbo”.

    Del Abcede of the Aotearoa section of the Women’s International League for Peace and Freedom (WILPF) . . . “Empowered women empower the world.” Image: David Robie/APR

    “Women are the backbone of families and communities. They provide care, support and nurturing to their families and the development of children,” she said.

    “Women also play a significant role in community building and often take on leadership roles in community organisations. Empowered women empower the world.”

    Abcede explained how the non-government organisation WILPF had national sections in 37 countries, including the Palestine branch which was founded in 1988. WILPF works close with its Palestinian partners, Women’s Centre for Legal Aid and Counselling (WCLAC) and General Union of Palestinian Women (GUPW).

    “This catastrophe is playing out on our TV screens every day. The majority of feminists in Britain — and in the West — seem to have nothing to say about it,” Abcede said, quoting gender researcher Dr Maryam Aldosarri, to cries of shame.

    ‘There can be no neutrality’
    “In the face of such overwhelming terror, there can be no neutrality.”

    Dr Aldosarri said in an article published earlier in the war on Gaza last year that the “siege and indiscriminate bombardment” had already “killed, maimed and disappeared under the rubble tens of thousands of Palestinian women and children”.

    “Many more have been displaced and left to survive the harsh winter without appropriate shelter and supplies. The almost complete breakdown of the healthcare system, coupled with the lack of food and clean water, means that some 45,000 pregnant women and 68,000 breastfeeding mothers in Gaza are facing the risk of anaemia, bleeding, and death.

    “Meanwhile, hundreds of Palestinian women and children in the occupied West Bank are still imprisoned, many without trial, and trying to survive in abominable conditions.”

    The death toll in the war — with killings still happening in spite of the precarious ceasefire — is now more than 50,000 — mostly women and children.

    Abcede read out a statement from WILPF International welcoming the ceasefire, but adding that it “was only a step”.

    “Achieving durable and equitable peace demands addressing the root causes of violence and oppression. This means adhering to the International Court of Justice’s July 2024 advisory opinion by dismantling the foundational structures of colonial violence and ensuring Palestinians’ rights to self-determination, dignity and freedom.”

    Action for justice and peace
    Abcede also spoke about what action to take for “justice and peace” — such as countering disinformation and influencing the narrative; amplifying Palstinian voices and demands; joining rallies — “like what we do every Saturday”; supporting the global BDS (boycott, divestment and sanctions) campaign against Israel; writing letters to the government calling for special visas for Palestinians who have families in New Zealand; and donating to campaigns supporting the victims.

    Lorri Mackness also of WILPF (right) . . . “Women will be delivered [of babies] in tents, corridors, or bombed out homes without anasthesia, without doctors, without clean water.” Image: David Robie/APR

    Lorri Mackness, also of WILPF Aotearoa, spoke of the Zionist gendered violence against Palestinians and the ruthless attacks on Gaza’s medical workers and hospitals to destroy the health sector.

    Gaza’s hospitals had been “reduced to rubble by Israeli bombs”, she said.

    “UN reports that over 60,000 women would give birth this year in Gaza. But Israel has destroyed every maternity hospital.

    “Women will be delivered in tents, corridors, or bombed out homes without anasthesia, without doctors, without clean water.

    “When Israel killed Gaza’s only foetal medicine specialist, Dr Muhammad Obeid, it wasn’t collateral damage — it was calculated reproductive terror.”

    “Now, miscarriages have spiked by 300 percent, and mothers stitch their own C-sections with sewing thread.”

    ‘Femicide – a war crime’
    Babies who survived birth entered a world where Israel blocked food aid — 1 in 10 infants would die of starvation, 335,000 children faced starvation, and their mothers forced to watch, according to UNICEF.

    “This is femicide — this is a war crime.”

    Eugene Velasco, of the Filipino feminist action group Gabriela Aotearoa, said Israel’s violence in Gaza was a “clear reminder of the injustice that transcends geographical borders”.

    “The injustice is magnified in Gaza where the US-funded genocide and ethnic cleansing against the Palestinian people has resulted in the deaths of more than 61,000.”

    ‘Pernicious’ Regulatory Standards Bill
    Dr Jane Kelsey, a retired law professor and justice advocate, spoke of an issue that connected the “scourge of colonisation in Palestine and Aotearoa with the same lethal logic and goals”.

    Law professor Dr Jane Kelsey . . . “Behind the scenes is ACT’s more systemic and pernicious Regulatory Standards Bill.” Image: David Robie/APR

    The parallels between both colonised territories included theft of land and the creation of private property rights, and the denial of sovereign authority and self-determination.

    She spoke of how international treaties that had been entered in good faith were disrespected, disregarded and “rewritten as it suits the colonising power”.

    Dr Kelsey said an issue that had “gone under the radar” needed to be put on the radar and for action.

    She said that while the controversial Treaty Principles Bill would not proceed because of the massive mobilisations such as the hikoi, it had served ACT’s purpose.

    “Behind the scenes is ACT’s more systemic and pernicious Regulatory Standards Bill,” she said. ACT had tried three times to get the bill adopted and failed, but it was now in the coalition government’s agreement.

    A ‘stain on humanity’
    Meanwhile, Hamas has reacted to a Gaza government tally of the number of women who were killed by Israel’s war, reports Al Jazeera.

    “The killing of 12,000 women in Gaza, the injury and arrest of thousands, and the displacement of hundreds of thousands are a stain on humanity,” the group said.

    “Palestinian female prisoners are subjected to psychological and physical torture in flagrant violation of all international norms and conventions.”

    Hamas added the suffering endured by Palestinian female prisoners revealed the “double standards” of Western countries, including the United States, in dealing with Palestinians.

    Filipino feminist activists from Gabriela Aotearoa and the International Women’s Alliance (IWA) also participated in the pro-Palestine solidarity rally. Image: David Robie/APR

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Africa: Ecobank Côte d’Ivoire Launches West Africa’s First Gender Bond to Accelerate Financial Inclusion for Women Entrepreneurs

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

    ABIDJAN, Ivory Coast, March 8, 2025/APO Group/ —

    Ecobank Côte d’Ivoire, a subsidiary of Ecobank Transnational Incorporated (www.Ecobank.com), the leading Pan African Bank, takes a major step forward in its commitment to financial inclusion with the launch of the first Gender Bond in West Africa. This groundbreaking bond issuance, amounting to XOF 10 billion, aims to mobilize funding for women-owned and women-led businesses, reducing financing inequalities and fostering inclusive economic growth.

    Named “Ellever Gender Bond 6.5% 2024-2029,” this bond has been structured and arranged by EDC Investissement Corporation (EIC), Ecobank’s Brokerage and Asset Management subsidiary. It marks Ecobank Côte d’Ivoire’s second bond issuance after its initial fundraising in 2013. Aligned with international sustainable finance standards, the Gender Bond has received an independent second-party opinion from Morningstar Sustainalytics, ensuring compliance with global best practices in responsible investment.

    Since its inception, the ELLEVER program has made a tangible impact on women entrepreneurship. In 2024, over 3,465 businesses registered, benefiting from XOF 13.25 billion in disbursed loans. However, access to financing remains a significant challenge for women entrepreneurs in West Africa, where less than 20% of women-led SMEs have access to adequate funding. Globally, Gender Bonds represented only USD 14.5 billion, accounting for just 1.5% of the sustainable bond market in 2023, underscoring the need to expand such initiatives.

    According to Paul-Harry Aithnard, Managing Director of Ecobank Côte d’Ivoire, women’s financial inclusion is a major economic priority. “This Gender Bond provides a tangible solution to the challenges faced by women entrepreneurs in West Africa. Today, women-led businesses are recognized for their resilience and performance, yet they remain significantly underfunded. Through this issuance, we reaffirm our commitment to building an ecosystem where women have full access to the financial resources they need to grow and succeed. This is a powerful tool to transform access to financing and sustainably accelerate the growth of women-led businesses.”

    The “Ellever Gender Bond 6.5% 2024-2029” offers investors and the public a unique opportunity to combine profitability with social impact. This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period. The total issuance of XOF 10 billion consists of one million securities with a nominal value of XOF 10,000 each.

    All funds raised will be fully allocated to strengthening the ELLEVER program, financing initiatives led by women, and providing them with tailored financial and technical support. Roseline Abé, Chief Executive Officer of EDC Investissement Corporation, highlights the significance of this initiative: “We have structured this bond to be attractive to investors while delivering a strong impact on women’s empowerment in Côte d’Ivoire. This is a unique opportunity to combine financial performance with social inclusion.”

    With this Gender Bond, Ecobank Côte d’Ivoire cements its leadership in sustainable finance and paves the way for greater economic inclusion. The bank’s ambition goes beyond this issuance, as it envisions a long-term strategy to promote innovative and inclusive financial instruments.

    Paul-Harry Aithnard concludes: “This issuance is just the beginning. We will continue to develop tailored solutions to enhance women’s participation in the economy and encourage other financial institutions to follow this path.”

    Through this initiative, Ecobank Côte d’Ivoire is transforming access to finance and reaffirming its commitment to inclusive and sustainable development.

    MIL OSI Africa

  • MIL-OSI Africa: Uganda joins Afreximbank’s Fund for Export-Development in Africa (FEDA) as 21st Member State

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

    KAMPALA, Uganda, March 8, 2025/APO Group/ —

    The quest to broaden the scope of interventions by the Fund for Export-Development in Africa (FEDA), African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) development impact investment arm, into all corners of the continent reached a major milestone today with the signing of the Fund’s Establishment Agreement by Uganda. With Uganda’s accession, FEDA expands its presence to 21 member states, reinforcing its role as a key player in shaping Africa’s economic future.

    The signing ceremony, held in Kampala, was attended by Ambassador Phillip Rukikaire, Head of Regional Peace and Security Department at the Ministry of Foreign Affairs, Uganda, who represented the Permanent Secretary, Ministry of Foreign Affairs, and Mrs. Marlene Ngoyi, Chief Executive Officer of FEDA. Mr. Kudakwashe Matereke, Regional Director, Eastern Africa, Afreximbank, witnessed this historical event.

    Commenting at the ceremony, Mrs. Marlene Ngoyi, CEO of FEDA, highlighted the significance of Uganda’s accession:

    Uganda’s decision to join FEDA is a testament to the country’s confidence in FEDA’s mission and to its commitment to accelerating Africa’s economic transformation, value-added export development and industrialization. We look forward to deepening our engagements with the Government of Uganda and the private sector to mobilize capital and to invest in the manufacturing and export-related sectors and unlock the immense potential of the region for sustainable development,” she added.

    Ambassador Philip Rukikaire emphasized the importance of Uganda’s membership in FEDA, stating: “Today marks a significant milestone in Uganda’s economic development journey. By joining FEDA, we reaffirm our dedication to a prosperous Africa, driven by industrialization and intra-African trade. Africa needs more trade than aid, and this partnership will provide the much-needed investment to propel our manufacturing and export sectors forward.”

    Uganda’s membership comes amid a wave of recent accessions to FEDA, bolstering the Fund’s capacity to provide long-term capital to African economies. Over the past four years, Afreximbank has approved over $813 million in financing for Uganda’s public and private sectors, with a pipeline in exceeding US$ 1 billion in pending approvals.

    FEDA was set up as the development impact investment platform of Afreximbank with a mandate to implement equity investment across Africa. Its primary objective is to provide developmental equity and quasi-equity capital to companies that are involved in intra-African trade and export development/manufacturing in Africa, with a focus on industrialisation, intra-African trade and value-added exports.

    MIL OSI Africa

  • MIL-OSI United Nations: Occupied Palestinian Territory: Israeli operations continue to have dire consequences

    Source: United Nations 2

    Peace and Security

    Humanitarian agencies warned on Friday that ongoing Israeli military operations in the northern West Bank are exacerbating an already dire situation for displaced Palestinians.

    The UN relief agency for Palestine refugees (UNRWA) reports that Israeli authorities have started demolishing more than 16 buildings in Nur Shams refugee camp, after destroying more than two dozen homes over the past week in the occupied West Bank.

    Those displaced are staying at public shelters in Jenin and Tulkarm, with many lacking bare necessities, according to a new assessment from the UN aid coordination office (OCHA).

    Less than half of the people our teams interviewed said they could afford food, with many reducing or skipping meals. Children are also unable to attend school,” UN Spokesperson Stéphane Dujarric told reporters at the regular daily briefing in New York.

    Humanitarian efforts

    Since the beginning of the Israeli operation in January, humanitarian partners have been providing life-saving assistance, distributing food parcels and daily meals.

    Over 5,000 families have received cash assistance to meet their basic needs, and relief efforts have included the provision of bedding, dignity kits, water storage tanks and mobile latrines in Jenin, Tulkarm and Tubas.

    Access restrictions

    Meanwhile, according to OCHA, the closure of the Tayaseer checkpoint since February has severely hampered movement for more than 60,000 Palestinians.

    On the first Friday of Ramadan, these restrictions prevented thousands of Palestinian worshippers from reaching holy sites.

    While the Israeli authorities have allowed Palestinians access to East Jerusalem and the H2 area of Hebron, they have set up hundreds of metal barriers and imposed restrictions based on age and gender, with the condition that worshippers possess Israeli-issued permits.

    OCHA has deployed teams to identify potential protection risks and possible measures for Palestinians to cross, with particular attention to the most vulnerable.

    No aid entering Gaza

    In Gaza, humanitarian organizations warned on Friday that the closure of all crossings for nearly a week has cut off the flow of critical aid, exacerbating suffering among civilians who have already endured months of hardship.

    “It is critical that humanitarian assistance is allowed to enter Gaza without delay,” said Mr. Dujarric.

    Under international humanitarian law, Israel, as the occupying power, is required to ensure that people’s essential needs are met, including by facilitating aid into Gaza. 

    MIL OSI United Nations News

  • MIL-OSI Economics: African Development Bank Group’s AFAWA initiative takes stage at Élysée Palace International Women’s Day event

    Source: African Development Bank Group
    The African Development Bank Group is showcasing its transformation of Africa’s financial sector to provide Africa’s women entrepreneurs billions of U.S. dollars to grow their businesses at an event organized by French President Emmanuel Macron ahead of International Women’s Day.

    MIL OSI Economics

  • MIL-OSI United Nations: Note to Correspondents: United Nations-African Union Joint Task Force on Peace and Security Holds its Twenty Fourth Consultative Meeting

    Source: United Nations secretary general

    Joint Communiqué: United Nations-African Union Joint Task Force on Peace and Security Holds its Twenty Fourth Consultative Meeting

    Addis Ababa, 07 March 2025 — The United Nations-African Union Joint Task Force on Peace and Security held its Twenty Fourth consultative meeting on 17 February 2025, in Addis Ababa.

    The meeting reviewed the status of the partnership between the United Nations (UN) and the African Union (AU) with an update on the implementation of the Joint UN-AU Framework for Enhanced Partnership in Peace and Security. In this context, the meeting discussed peace and security developments in the Democratic Republic of the Congo (DRC), Libya, Somalia, South Sudan and The Sudan, as well as discussions on the implementation of United Nations Security Council Resolution 2719 adopted on 21 December 2023, and a follow-up on discussions on the security transition and the new African Union mission in Somalia.

    The AU Commission and the UN Secretariat were represented respectively by Commissioner Bankole Adeoye (Political Affairs, Peace and Security); and the Under-Secretaries-General Rosemary DiCarlo (Political and Peacebuilding Affairs), Jean-Pierre Lacroix (Peace Operations), Atul Khare (Operational Support), and Parfait Onanga-Anyanga, Special Representative of the Secretary-General to the African Union. The meeting was also attended by other senior officials from the two Organizations. Ms. Minata Cessouma Samate, outgoing Commissioner for Health, Humanitarian Affairs and Social Development (HHS), addressed the opening segment of the meeting to acknowledge and expressed appreciation for the excellent collaboration with the United Nations during her tenure in office as Commissioner for Political Affairs (2017-2021), before its merger into the current Political Affairs, Peace and Security Department, and in her current capacity as Commissioner for HHS.

    The Joint Task Force took note of the considerable progress achieved in the UN-AU partnership including with regional economic communities and mechanisms in Africa, together with international partners. These include sustained collaboration on support to AU peace support operations, early warning, prevention initiatives and coordinated support to national authorities for the conduct of timely, peaceful, and inclusive elections, as well as for the promotion and protection of human rights.

    The meeting welcomed efforts to deepen collaboration on operational support matters, including through joint learning and the exchange of knowledge and expertise. The meeting acknowledged the positive impact these efforts have had on mandate implementation across various operational contexts. Both Organizations emphasized the need to strengthen collaboration in support of mediation and to continue to prioritize their joint initiatives on the women, peace and security, youth for peace and security,  and the emerging climate, peace and security nexus agendas.

    On Libya, the Joint Task Force welcomed the appointment of Ms. Hannah Tetteh as Special Representative of the Secretary-General for Libya. Participants also welcomed the establishment of a Libyan Advisory Committee to provide recommendations for resolving outstanding issues to enable the holding of national elections. The meeting noted the signing of the intra-Libya Reconciliation Charter as an important step in the process and underscored the imperative of UN-AU cooperation in advancing the Libyan political transition and national reconciliation.

    Regarding the Democratic Republic of Congo, the Joint Task Force expressed deep concern over the rapidly deteriorating security situation in the eastern part of the country, which has brought the region to the brink of war, affecting the lives of thousands of civilians, mostly women and children, and worsening an already dire humanitarian situation. The meeting reminded all parties of the responsibility to uphold their obligations under international humanitarian law and human rights law. The meeting recalled the initiatives aimed at resolving the crisis, including, lately, the Ministerial AU Peace and Security Council (PSC) session held on 28 January, the East Africa Community (EAC) Extraordinary Summit held on 29 January, the Southern African Development Community (SADC) Extraordinary Summit held on 31 January, the Joint EAC-SADC Summit held on 8 February and the AU PSC session at the level of Heads of State and Government which convened on 14 February. The meeting deplored the fact that despite the urgent call for an immediate ceasefire and cessation of hostilities following the 8 February joint summit of the East African Community (EAC) and the Southern African Development Community (SADC), hostilities continue as the Mouvement du 23 mars (M23), supported by the Rwanda Defence Forces (RDF), pushes further into South Kivu and continues to assert military control over parts of North Kivu. The meeting called the M23 and RDF to respect the ceasefire agreement, immediately cease all hostile actions, and withdraw from occupied areas. The Joint Task Force further called on the RDF to cease support to the M23 and withdraw from DRC territory. It called for the immediate implementation of the joint EAC-SADC Summit decisions related to the opening of Goma airport and supply routes too humanitarian aid. The Task Force expressed its condolences for the UN blue helmets and the forces of the Southern African Development Community Mission in the Democratic Republic of Congo (SAMIDRC) killed in the line of duty, underscoring that attacks on peacekeepers may constitute a war crime. It called on the M23 and RDF to lift all restrictions on the freedom of movement of United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO) and refrain any action that may impede the implementation of its mandated responsibilities. The Task Force commended H.E. President João Lourenço for progress achieved under the Luanda process and called for an immediate resumption of talks between the parties to the conflict. The Task Force reaffirmed its support to the Luanda and Nairobi processes and underscored that the implementation of the provisions of the 2013 Peace, Security and Cooperation Framework for the DRC and the region remains a critical pathway to durable peace and stability.

    On Somalia, the Joint Task Force highlighted the strong partnership between the AU and the UN in Somalia and the need for continued close cooperation to ensure support for Somalia in advancing state building priorities and in the security transition. The meeting noted that the potential hybrid application of resolution 2719 to the AU Support and Stabilization Mission in Somalia is essential to ensure the Mission’s predictable and sustainable financing and to protect and build on the security gains achieved in Somalia.

    The meeting welcomed progress achieved in the elaboration of the Joint AU-UN Roadmap for the Operationalization of resolution 2719 which was endorsed during the 8th UN-AU Annual Conference held on 21 October 2024. The meeting noted that while the roadmap is not a prerequisite for implementing resolution 2719, it serves as a framework for continuously strengthening the performance and impact of both the AU and the UN.

    On Sudan, the Joint Task Force expressed grave concern about the escalation of violence in the Sudan, including the increasing intercommunal tensions and ethnicization of the fighting in Darfur. The Joint Task Force reiterated its call on the warring parties to immediately cease fighting and take steps towards the lasting peace that the people of Sudan demand. The Joint Task Force urged continued efforts to ensure coordination in diplomatic initiatives to put an end to the conflict and support the Sudanese in embarking on an inclusive political process that will return Sudan to a democratic transition. The Joint Task Force reaffirmed the indispensable UN-AU partnership on Sudan which provides an anchor for a broad multilateral coalition to end the conflict. It was noted that there is need to work together to fulfil the provision of the Commission for Truth, Reconciliation and Healing (CTRH) Act (2024) which requires the Chairperson of the AU Commission and the United Nations Secretary General to nominate three commissioners to be appointed to the CTRH.

    On South Sudan, there was consensus on the need for ongoing support and closer collaboration on the operationalisation of key institutions, including the national unified forces, the constitutional review process, as well as support to electoral management bodies. This is with the aim to ensuring forward momentum with regards to the Revitalized Agreement, while allowing for efforts to expand the peace process through the Tumaini Peace Initiative. 

    The next statutory meeting of the Joint Task Force will be hosted by the United Nations in New York at a date to be agreed by both Organizations.
     

    MIL OSI United Nations News

  • MIL-OSI Economics: Angela Merkel highlights multilateralism’s role in global co-operation, women’s participation in trade

    Source: WTO

    Headline: Angela Merkel highlights multilateralism’s role in global co-operation, women’s participation in trade

    In her lecture titled “Empowering women through multilateral cooperation”, Dr Merkel highlighted the importance of establishing rules and standards to ensure women have equal access to economic opportunities. She underscored that supply chain diversification presents unique opportunities for women, particularly in emerging and developing economies. She called on more women to be engaged in these expanding markets and for countries to draw on a broader talent pool, driving innovation and growth.
    The former German Chancellor noted that global institutions like the WTO play a significant role through initiatives such as the Informal Working Group on Women and Trade and various other initiatives that produce empirical evidence of the benefits of multilateralism for women. Additionally, the WTO collaborates with other international bodies, such as the World Bank, the International Development Fund (IDF) and the Organisation for Economic Cooperation and Development (OECD), to advance policies that enhance women’s participation in the global economy. These partnerships aim to create equitable trade policies that ensure women’s access to finance and opportunities in global markets, she said.
    Beyond women’s rights, Dr Merkel emphasized the broader significance of multilateralism in achieving economic stability. Acknowledging the current challenges of multilateral cooperation, she called on the audience to maintain strong convictions about what international cooperation has achieved in recent decades in terms of economic growth and poverty reduction around the world.
    Stressing the relevance of the WTO as the organization that accounts for 98 per cent of global trade,  Dr Merkel stressed the pivotal role the multilateral trading system has played in providing global economic stability, fostering international trade and promoting open and fair markets to the advantage of both industrialized and developing countries. Drawing from the lessons from past global economic crises, she emphasized the role governments and international organizations have played in mitigating financial and health crises and enabling economic resilience.
    One of the priority areas for discussion she mentioned was the WTO Appellate Body and the need to restore it as it has an essential role in enforcing trade agreements and maintaining the credibility of the organization. Ensuring there is an Appellate Body that has teeth and is operational will be central to global trade governance in the future, she noted.
    The former German Chancellor said the European Union is proof that multilateralism is complicated but with sufficient political will it offers a win-win solution for all. She expressed hope that all the important players on the international trade scene would be able to understand this and not reject the fact that the path of consensus always leaves the doors open for mutual benefits. 
    In her welcoming remarks, WTO Director-General Ngozi Okonjo-Iweala referred to Dr Merkel as a “stalwart supporter” of the multilateral trading system and the WTO. She is someone who was a “central actor in the global arena” over a 16-year tenure that was marked by economic and health crises, she added.
    DG Okonjo-Iweala highlighted persistent gender gaps in political and business leadership, within societies and homes, and in organizations such as the WTO. “For all the progress we have made, we still have a long way to go. But Dr Merkel has helped us envision a more equal world. When Olaf Scholz succeeded her as Chancellor in December 2021, a generation of German boys discovered that the country’s top job could also be done by a man,” she said.
    DG Okonjo-Iweala also reflected on the “grave challenges” the international economic order is currently confronting. She emphasized that despite all of its shortcomings the system has for 80 years enabled unprecedented prosperity and poverty reduction. “Conflict and climate change are exacting a growing human toll. Progress on economic development and gender equality is stalling. Rising economic uncertainty is diminishing people’s prospects – nowhere more so than in the poorest countries,” she said.
    In this context, DG Okonjo-Iweala stressed the importance of the WTO and the need for members to be mindful of the power of cooperation and understanding. She cited an early speech of Dr Merkel to the European Parliament where she said that in order to reach agreements, things must be looked at through other people’s eyes. “We need more of that here,” she said.
    The Director-General mentioned her recent trip to Washington D.C., where she met with the Secretary of Commerce Howard Lutnick and the United States Trade Representative (USTR) Ambassador Jamieson Greer. Despite criticisms of the WTO in a recently released report, the US signalled its intent to remain engaged in the organization, she said. This suggests there is an opportunity to address their concerns through existing WTO mechanisms, reinforcing the importance of continued dialogue and cooperation within the organization, she added.
    Dr Merkel’s lecture was followed by a fireside chat moderated by Richard Quest, CNN’s international business correspondent. Held in conjunction with International Women’s Day, the lecture and discussion served as an opportunity to highlight female leadership and women’s empowerment in international economic governance.
    A recording of the event can be viewed here.
    Presidential Lecture Series
    The lecture series provides a platform for distinguished speakers from all walks of life, ranging from presidents, prime ministers and high-level politicians to business leaders, scientists, authors and philanthropists, to discuss multilateral cooperation and global governance issues, including trade-related matters and sustainable development goals. Several lectures are held annually at the WTO’s headquarters in Geneva.
    More information on the lecture series is available here.

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    MIL OSI Economics

  • MIL-OSI Economics: Working group on MSMEs focuses on good regulatory practices and informal economy

    Source: WTO

    Headline: Working group on MSMEs focuses on good regulatory practices and informal economy

    Good regulatory practices and the informal economy
    The United Kingdom provided an overview of its Better Regulation Framework (BRF), launched in September 2023, which aims to manage the flow of regulation and assess its impact on business. The UK outlined its approach to regulatory impact assessment and stakeholder consultation to ensure MSMEs’ input is included in policy development and review to maintain regulatory effectiveness.
    Participants exchanged views on the involvement of MSMEs in trade regulation and legislative processes, the communication of regulatory changes, and whether impact studies have been conducted to assess the effects of new regulations on MSMEs. Discussions also covered the inclusion of good regulatory practices in regional trade agreements, particularly in relation to MSMEs and inclusive trade.
    As an outcome of the discussions, the Group agreed to develop a compendium on good regulatory practices for MSMEs.
    The session also featured presentations from the International Labour Organization (ILO), the International Trade Centre (ITC), the World Bank and Serviço Brasileiro de Apoio às Micro e Pequenas Empresas (SEBRAE, Brazil) on business informality, focusing on challenges faced by MSMEs in transitioning from the informal to the formal economy. Presentations also covered how informal trade takes place in practice in some regions. The discussion, initiated by a proposal from Mexico, highlighted key barriers to formalization and the role of legal frameworks and international cooperation in addressing these challenges.
    Global SME Ministerial Conference
    H.E. Dr. Mzukisi Qobo, Ambassador of South Africa, briefed the Group on the upcoming Global SME Ministerial Conference, which will take place in Durban, South Africa, from 22 to 24 July. He highlighted that the conference will provide opportunities to MSMEs to engage with investors, showcase success stories and learn from small businesses that have successfully entered global value chains.
    Ms Dorothy Tembo, Deputy Executive Director of International Trade Centre, stated that the conference aims to bring together 47 dedicated ministers on SMEs to exchange best practices and discuss key emerging issues that affect small businesses.
    Success stories
    In line with the Group’s efforts to strengthen private sector engagement, the meeting featured a presentation from Fairafric, a Ghanaian-German chocolate producer. The company shared insights on overcoming supply chain challenges in West Africa and at a global scale by prioritizing local value addition in Ghanaian communities and investing in capacity building and finding creative solutions. Fairafric operates the first solar-powered organic chocolate factory and utilizes biodegradable packaging, showcasing sustainability in its business model.
    Updates
    The World Customs Organisation provided an update on the joint report on the integration of MSMEs into Authorized Economic Operator Programmes. The joint report builds on the compendium on the topic and incorporates findings from a 2024 survey. The report is jointly prepared by the WCO, the WTO and the International Chamber of Commerce.
    Brunei Darussalam, Paraguay and Ukraine shared updates on the implementation of the December 2020 MSME package of recommendations. They highlighted how their latest trade policy reviews have incorporated information on measures taken to integrate their micro small and medium-sized enterprises into global trade.
    The Coordinator, Ambassador Matthew Wilson of Barbados, drew members’ attention to the 2025 Small Business Champions competition. The title of this year’s competition is “Completing the Loop: Helping small businesses contribute to the circular economy”.  The competition was launched on 28 January and is open for applications until 28 March.
    Preparations for MC14
    The Group exchanged views on advancing its work in preparation for the 14th Ministerial Conference (MC14) in March 2026. The Coordinator suggested drawing lessons from past thematic discussions. Other ideas included the development of a handbook based on private sector engagements organized by the Group. Members were encouraged to submit concrete proposals reflecting topics discussed in Group meetings. The Coordinator will consult further with members to determine the best way forward.

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  • MIL-OSI Economics: WCP Mexico: Joint research workshop

    Source: WTO

    Headline: WCP Mexico: Joint research workshop

    Distinguished guests, WCP Chairs, and representatives,
    It is undeniable that we need to make trade more inclusive. But what does that mean? Why does it matter? These are questions that deserve attention.
    With this in mind, the Latin American and Caribbean Network of the WTO Chairs Programme has once again brought us together through their work on trade and inclusivity. I extend my thanks to the different teams involved in organizing this workshop – especially the WCP Chair in Mexico – which is held in collaboration with the WTO Trade and Gender Office as an activity under the Chairs Programme, and with the support of the Ministry of Economy.
    This event will consolidate discussions on the seven different pillars of inclusivity with the goal of publishing an extremely relevant book.
    This book will include perspectives from different regions of the world, drawing on experience from trade negotiators and policy makers in Africa, New Zealand, Asia, and Europe. I would like to thank each of the other WCP Chairs involved as well – the network in Brazil, Chile, Colombia, Costa Rica, and Peru. We recognize that your efforts on this topic have boosted its visibility.
    There is of course no part of the world where the diverse needs of women, indigenous peoples, youth, individuals with disabilities and other marginalized groups are not important.
    Trade and women
    Trade contributes to SDG 5 by creating economic opportunities for women and increasing their income. Firms that export employ more women than men and provide them with formal jobs. This secures their economic empowerment. Similarly, women entrepreneurs can gain from expanding to foreign markets, as trade can help them strengthen and diversify their economic activities. Evidence shows that this leads to changes in women’s social status and improves their rights.
    However, trade is not gender-neutral. Women face higher barriers than men in accessing the opportunities created by trade. Data shows that these barriers are often grounded in negative social norms. In fact, according to the World Bank, women have only less than two thirds of rights of men. This is why governments have been developing gender-responsive trade policies, with measures supporting women in reaping the benefits of trade and sometimes directly addressing these social imbalances.
    Women are highly active in targeting international markets. Globally, women comprise two fifths of entrepreneurs (40%) serving a national or international market, while men comprise three fifths (60%) in both cases.
    Discussions at the WTO
    At the WTO, in the last 8 years, members have joined forces to ensure that trade acts for the benefit of women’s empowerment. Over two-thirds of the membership are actively working to address the trade barriers faced by women.
    In 2020, we reached an important milestone and established the Informal Working Group on Trade and Gender.
    This initiative, which began in 2017 on the sidelines of the 11th Ministerial Conference, brought together 118 WTO members and observers to promote women’s participation in global trade. The primary goal of this Working Group is to mainstream gender in the work of the WTO and in trade policies.
    At the 13th WTO Ministerial Conference, ministers collectively acknowledged the intrinsic links between women’s economic empowerment, trade and sustainable development. Furthermore, the co-chairs of the Informal Working Group issued a powerful statement that reaffirmed our commitment to advancing gender equality within the trade sphere, highlighting the significant achievements of WTO members’ joint work and taking bold commitments.
    At the Ministerial Conference, members have also launched the first gender-responsive trade policy tool, in the form of a compendium mapping all the measures they implement to support women entrepreneurs’ access to finance.
    Our approach to this issue has been both cross-cutting and collaborative, particularly through the World Trade Gender Research Hub.
    Created in 2021, the Hub gathers 45 researchers and experts on trade and gender, including some Chairs.
    The WCP Latin American and Caribbean Network is well known for its work on trade and gender – and I’m proud to congratulate the WCP Co-Chair in Costa Rica on his appointment as a member of the Hub, bringing the total number of Chairs in this group to four.
    This year, the WTO will host the second edition of the World Trade Congress on Gender, under the theme “Gender Equality and Innovation, the Keys to Sustainable Trade”. We will organise this research conference in partnership with UN Women and jointly with the Hub. This year, it will gather more than 60 researchers to present groundbreaking work on trade, gender and innovation.
    Beyond research, the WTO has partnered with different organizations such as the World Bank, UNCTAD, the FAO and UN Women to develop effective solutions and drive progress.
    As you will also see from the discussions, inclusivity has several different facets.
    Our economies should not leave any communities at a disadvantage.
    Trade and disabilities
    Another stark reality we are faced with is that globally, one in six adults lives with some form of disability. They are a significant part of our global population, yet their economic needs and perspectives are frequently pushed aside in discussions about trade and economic policy. This does a tremendous disservice to them, and to economies as a whole.
    Our recent establishment of an informal, staff-level Inter-Agency Working Group on Trade and Disability Inclusion is a promising step forward in this area. Alongside UNCTAD, the ITC, and the ILO, we aim to empower governments to bring disability inclusion into their policy discussions, ensuring that persons with disabilities are fully supported and included in the global economy.
    Indigenous communities
    Trade is also significant for indigenous communities, in particular those that have been historically marginalized. In 2024, the WTO’s Small Business Champions Winners initiative focused on leveraging international trade to foster economic development and innovation for indigenous peoples worldwide.
    Trade provides them with essential economic opportunities, reducing poverty and economic disparities.
    Through their businesses, which emphasize environmental stewardship, it also benefits the wider economy by promoting sustainable and ethical consumption patterns. Supporting indigenous trade helps preserve unique cultural expressions, crafts, and arts that have been passed down through generations.
    Youth
    Also with the next generation in mind, the WTO has launched two major initiatives jointly with the WTO Gender Research Hub.
    In 2023, we organised the Youth Trade Summit on Gender with the objective of building the next generation of trade and gender experts. As an outcome of the Summit, in July 2024, we launched the WTO Youth Talent Incubator Programme to support young professionals from academia and government in integrating gender into their work.
    Let me add that the Chairs Programme itself expands access to trade-related education. Last year alone, over 330 WTO related courses took place through the programme. I hope you yourselves do not underestimate the significance of your work in this area.
    Conclusion and looking ahead to MC14
    Researchers at this event will talk about all of these inclusivity issues and expand them in new directions. It is also important for WTO Members to consider the complexities of how these factors interact.
    As we look ahead to the 14th WTO Ministerial Conference to be held in 2026, Members will be putting their focus on several areas that have also been part of the WCP network’s research.
    The second wave of fisheries subsidies negotiations, investment facilitation for development, and environmental sustainability are on the horizon. Members are also exploring new ways of making progress and breaking through on agricultural reform, and further engagement will continue under the multilateral programme on electronic commerce. I look forward to seeing the continued contributions of the Chairs Network in these areas.
    Let me end by saying that the WTO remains steadfast in its commitment to advancing inclusive trade. Our mission is to create a trade framework that reflects the diversity and needs of all societies, promoting equity and opportunity for all. With this objective in mind, I would certainly and strongly encourage continued collaboration between the WCP and the WTO Trade and Gender Office.
    Together, we can ensure that the multilateral trading system contributes to a more just and equitable global economy. And the book discussed today has its place in making this happen.
    Thank you.

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    MIL OSI Economics

  • MIL-OSI Economics: Verizon to speak at Deutsche Bank Conference March 11

    Source: Verizon

    Headline: Verizon to speak at Deutsche Bank Conference March 11

    NEW YORK – Frank Boulben, senior vice president and chief revenue officer for the Consumer Group of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Deutsche Bank Media, Internet & Telecom Conference on Tuesday, March 11, at 8:00 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors.

    MIL OSI Economics

  • MIL-OSI USA: How to Apply for FEMA Assistance Following the February Severe Storms and Floods

    Source: US Federal Emergency Management Agency

    Headline: How to Apply for FEMA Assistance Following the February Severe Storms and Floods

    FRANKFORT, Ky — Kentucky homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Letcher, Martin, Owsley, Perry, Pike and Simpson counties who experienced damage or losses caused by the February severe storms and floods may apply for FEMA disaster assistance.How to Apply for FEMA AssistanceThere are several ways to apply: Go online to DisasterAssistance.gov, call 800-621-3362 from 7 a.m. to midnight local time every day, use the FEMA mobile app or visit a Disaster Recovery Center. If you use a relay service such as Video Relay Service (VRS), captioned telephone service or others, give FEMA your number for that service.When you apply for assistance, please have the following information ready:  A current phone number where you can be contacted.Your address at the time of the disaster and the address where you are now staying.Your Social Security Number.A general list of damage and losses.Banking information if you choose direct deposit.If insured, the policy number or the agent and/or the company name.Residents should file insurance claims as soon as possible. FEMA cannot duplicate benefits for losses covered by insurance. If the insurance policy does not cover all disaster expenses, policy holders may be eligible for federal assistance. Take photos to document damage and begin cleanup and repairs to prevent further damage. Remember to keep receipts from all purchases related to any cleanup and repair. For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860. Follow the FEMA Region 4 X account at x.com/femaregion4.
    sarah.cleary
    Fri, 03/07/2025 – 13:23

    MIL OSI USA News

  • MIL-OSI USA: Be Alert to Fraud After Kentucky Flooding

    Source: US Federal Emergency Management Agency

    Headline: Be Alert to Fraud After Kentucky Flooding

    FRANKFORT, Ky — Kentuckians should be aware that con artists and criminals may try to obtain money or steal personal information through fraud or identity theft after recent flooding. In some cases, thieves try to apply for FEMA assistance using names, addresses and Social Security numbers they have stolen from people affected by the disaster.If a FEMA inspector comes to your home and you did not submit a FEMA application, your information may have been used without your knowledge to create a FEMA application. If this happens, please inform the inspector that you did not apply for FEMA assistance so they can submit a request to stop further processing of the application. If you did not apply for assistance but receive a letter from FEMA, please call the FEMA Helpline at 800-621-3362. The helpline will submit a request to stop further processing of that application.If you do want to apply for FEMA assistance after stopping an application made in your name without your knowledge, the helpline will assist you in creating a new application.Scams FEMA Disaster Survivor Assistance (DSA) crews, housing inspectors and other officials will be working in areas impacted by the flooding. FEMA officials will carry photo identification badges. For security reasons, federal identification may not be photographed or reproduced.FEMA representatives never charge applicants for disaster assistance, inspections or help in filling out applications. Their services are free. Don’t believe anyone who promises a disaster grant in return for payment.Don’t give your banking information to a person claiming to be a FEMA housing inspector. FEMA inspectors are never authorized to collect your personal financial information. If you believe you are the victim of a scam, report it immediately to your local police or sheriff’s department or report it to the Kentucky Attorney General: https://secure.kentucky.gov/formservices/AttorneyGeneral/ScamReport.If you have knowledge of fraud, waste or abuse, you can report these tips – 24 hours a day, seven days a week – to the FEMA Disaster Fraud Hotline at 866-720-5721. You can also email StopFEMAFraud@fema.dhs.gov to report a tip.How to Apply for FEMA Assistance After Kentucky FloodingWhat You’ll Need When You ApplyA current phone number where you can be contacted.Your address at the time of the disaster and the address where you are now staying.Your Social Security number.A general list of damage and losses.Banking information if you choose direct deposit.If insured, the policy number or the agent and/or the company name.If you have homeowners, renters or flood insurance, you should file a claim as soon as possible. FEMA cannot duplicate benefits for losses covered by insurance. If your policy does not cover all your disaster expenses, you may be eligible for federal assistance.The first step to receive FEMA assistance is to apply. There are four ways to apply: call the toll-free FEMA Helpline at 800-621-3362, visit DisasterAssistance.gov, download the FEMA App or visit a Disaster Recovery Center. The phone line is open daily from 7 a.m. to midnight ET, and help is available in most languages. The deadline to apply for assistance for flooding is April 25, 2025. For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860. Follow the FEMA Region 4 X account at x.com/femaregion4.
    sarah.cleary
    Fri, 03/07/2025 – 13:29

    MIL OSI USA News

  • MIL-OSI USA: $50 Million Effort to Fight Poverty in Upstate New York

    Source: US State of New York

    overnor Kathy Hochul today announced new steps to fight poverty in Rochester, Buffalo and Syracuse, three communities chosen because they include some of the highest poverty rates out of anywhere in New York State. Governor Hochul’s FY 2025 Budget allocated $50 million for this antipoverty programming, which is now being utilized by community-based groups in these communities.

    “Every family should have the opportunity to grow and thrive in New York, and I’m committed to delivering the resources to make that a reality,” Governor Hochul said. “As the first Governor from Upstate New York in nearly a century, I know many of our neighbors struggle to make ends meet. Working together, we’re going to fight poverty and lift up the families who need it most.”

    The cities of Rochester, Buffalo and Syracuse are investing $50 million included in the FY 2025 Budget to bring much-needed resources to help families living in poverty increase earnings and improve family well-being. Each locality sought and received community input while working with their county Department of Social Services to develop and finalize their plans.

    The Monroe County Department of Human Services will use $25 million to implement three targeted strategies to strengthen low-income families’ financial footing and reduce poverty in the city of Rochester. The strategies include a monthly cash incentive program for pregnant women who agree to participate in activities that support maternal health, as well as rental subsidy and upward mobility mentoring programs.

    • Beginning within 180 days of their expected delivery date, up to 200 Temporary Assistance for Needy Families (TANF)-eligible pregnant women in certain ZIP codes in Rochester will be eligible to receive a cash incentive of $1000 per month for up to two years, as well as case management support, prenatal healthcare referrals, and services to reduce maternal morbidity and infant mortality. Participants will also be required to carry out other activities that support mental health and promote self-sufficiency and upward mobility.
    • The rental subsidy program will provide a monthly supplement to 100 families currently receiving Temporary Assistance that live in designated zip codes in Rochester over two years. Families receiving the subsidy will also receive case management, financial counseling and support necessary to increase their income so that their total monthly rent does not exceed 30 percent of their monthly income.
    • The Upward Mobility Mentoring program will provide up to 1,200 TANF-eligible families with direct support and cash assistance with the aim of having a meaningful and sustainable impact on families’ long term economic potential. This program will address five pillars of upward mobility: family stability, well-being, financial management, education/training, and employment/careers. Every enrolled family will create individualized life plans for upward mobility and participate in coaching and financial counseling to maximize the potential for their long term success.

    The Onondaga County Department of Social Services will use $12.5 million to focus on addressing generational poverty, promoting housing stability, improving school attendance rates and distributing free diapers to families that are eligible for Temporary Assistance.

    • The existing 2Gen Onondaga pilot project will be expanded, providing intensive case management and trauma-informed goal-setting for Syracuse families with children who receive Temporary Assistance to better promote family well-being. The program also encourages continued employment by providing payments to help ease the perceived effects of “benefits cliffs.” Participating households whose income exceeds eligibility for assistance will continue to receive their monthly benefit for 12 months, after which the benefit will be slowly reduced to zero. Additionally, the plan will support non-custodial parents by helping them reduce their child support orders to better reflect what they can afford and connecting them with employment and parenting programs.
    • The Central New York Centralized Housing Assistance and Network for Community Engagement (CNY CHANCE) program is designed to help alleviate an increasingly tight housing market. The program includes a range of efforts to promote housing stability, including the creation of a housing database, landlord engagement and incentives, and advocacy for affordable housing development, among others.
    • Full-time attendance liaisons will be embedded in the Syracuse City School District to support students from families who are receiving or eligible to receive Temporary Assistance that are struggling with attendance issues. The liaisons will provide continuous support to families and work to resolve issues that are contributing to chronic absenteeism.
    • Onondaga County will work with the CNY Diaper Bank to provide free diapers to any family with a child under age 4 who lives in the City of Syracuse and is eligible for Temporary Assistance.

    The Erie County Department of Social Services will use $12.5 million to support upward mobility for TANF-eligible families experiencing poverty who reside in the city of Buffalo. The goal of the incentive-based program is to improve employment outcomes for families and children and reduce child poverty. Program components include life coaches, career coaches, financial literacy services, linkage to support and resources, and direct cash incentives.

    • Direct cash payments would be provided as an incentive for up to 600 participating families. The families could receive up to 29 incentive payments totaling $16,000 per family if they meet certain benchmarks, including engagement with career and life coaches, making progress toward identified goals, enrollment in training and/or education/upskilling activities, and attainment and retention of employment.
    • Savings accounts will be opened for up to 300 participants and every dollar deposited by the participant will receive a $3 match up to $3,000.
    • Approximately 115 participants will receive assistance in obtaining a driver license, as a first step toward car ownership.
    • Participants will also have access to various workforce development programs, including subsidized job placement, on-the-job training, industry-specific career pathways programs, and pre-apprenticeships, among others.

    This initiative builds on Governor Hochul’s commitment to making New York the best, most affordable place to start and raise a family. The Governor’s historic investments in her 2025 State of the State and FY 2026 Executive Budget will advance innovative actions to best address the needs of every child and family in New York:

    • Governor Hochul’s expansion of the Child Tax credit to $1,000 or $500 per child will help address the economic challenges that families are facing and is projected to significantly reduce child poverty in New York State. When fully implemented, this historic investment could reduce child poverty statewide by up to 8.2 percent. This would build on the progress this Administration has already made reducing child poverty through actions in recent budgets. Combined with other measures like expanding subsidized childcare, this Administration’s actions to date are estimated to reduce child poverty by up to 17.7 percent.
    • The Governor also proposed New York’s first-ever inflation refund that will put $3 billion back in the pockets of 8.6 million taxpayers. By the end of 2025, New York State will send direct payments to everyday New Yorkers. Joint tax filers who make $300,000 or less will receive a $500 payment, while all single New York taxpayers who make $150,000 or less will receive a $300 payment. These one-time payments will provide New Yorkers with much-needed financial relief in 2025.
    • Governor Hochul will partner with Baby2Baby to provide maternal health and newborn supply boxes to Medicaid-enrolled expectant mothers and those reached through community organizations and hospitals in low-income areas. The boxes will include resources, educational materials, self-care products, and diapers, reaching approximately 100,000 families at full implementation.
    • Governor Hochul will also provide millions of diapers annually and expand maternal behavioral health services. Additionally, the Governor will co-locate mental health services into OBGYN practices in high-needs communities.
    • Building on the Governor’s support for pregnant women and infants, the New York State BABY (Birth Allowance for Beginning Year) Benefit will provide a $100 monthly benefit during pregnancy and a $1,200 benefit at birth to low-income public assistance recipients. This will increase household income for thousands of New York families.
    • Additionally, to take action against pervasive appraisal bias through the housing industry that has unjustly stripped families in communities of color out of the opportunity to purchase a home, Governor Hochul proposed a suite of actions to make discriminatory appraisal practices unlawful, enforce anti-discrimination principles in appraisals, and diversify the appraiser workforce.

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “Poverty is a reality that affects the lives of far too many children and their families, limiting their opportunities and potential. Research shows that the focused support and assistance contained in these locally-driven anti-poverty initiatives—from rental subsidies, maternal health support, financial coaching, school attendance incentives, to cash assistance—are effective at improving family well-being and the economic security of children and families. We look forward to the implementation of these programs in Rochester, Buffalo, and Syracuse and are grateful to Governor Hochul for prioritizing an agenda that uplifts working families and makes our state more livable and affordable for all New Yorkers.”

    Senate Minority Leader Charles Schumer said, “From boosting financial literacy to job-training to improving parenting skills and support for steady housing in Buffalo and Rochester and Syracuse, this is an investment in our children, in our future, and building a better life for families that need a helping hand. I will always fight to deliver resources to New York’s families to give all our children the best opportunities for a bright future and support Governor Hochul’s efforts to achieve these goals.”

    Representative Joe Morelle said, “Lifting children and families out of poverty has always been one of my top priorities. This marks a vital step forward in our efforts to lower costs by making high-quality healthcare and housing opportunities more affordable and putting money directly in the pockets of those who need it most. I’m grateful to Governor Hochul for her leadership on this important issue, and I look forward to working with her and Monroe County Executive Adam Bello to implement Project Prosper throughout Rochester.”

    Representative Timothy Kennedy said, “This important anti-poverty initiative will uplift hardworking parents and help ensure their children thrive. This funding will connect families with resources that have the potential to change their lives. In Washington, I will continue fighting for working households to make New York more affordable and to provide those families with access to new opportunities.”

    Representative John W. Mannion said, “Every child deserves a chance to succeed, and I’m committed to lifting our communities out of poverty, especially in urban centers like Syracuse. It’s a generational challenge – but also an opportunity to make meaningful investments in our schools, create environments of hope, deliver stable housing, and bring successful programs to scale. I join Governor Hochul in this effort and commend her leadership for making these life changing investments in Onondaga County.”

    State Senator Christopher Ryan said, “I want to extend my gratitude to Governor Kathy Hochul for her commitment to addressing the needs of children and families in Syracuse and Central New York. The $50 million investment across Rochester, Buffalo and Syracuse will provide vital resources to help reduce poverty and improve the well-being of families who need it most. This initiative, built on strong collaboration between state, county and local leaders, ensures that our region’s efforts are guided by the real needs and input of the families we serve. I’m proud to support this transformative approach, and I look forward to working together to create lasting change for our children and families in Syracuse and throughout Central New York.”

    State Senator April N.M. Baskin said, “If the cycle of poverty is not broken early in a child’s life, the devastating effects are often felt for a lifetime. This investment in Buffalo and other upstate cities is critical because our communities are among the poorest, setting children back before they even have a chance to start. Resources from these vital funds can dramatically and positively help area kids thrive, enhancing their lives and their families as well.”

    State Senator Jeremy Cooney said, “Child poverty rates across Upstate New York are abhorrent, especially in the City of Rochester where nearly half of our children live below the poverty line. Thank you Governor Hochul for your partnership in bringing funding to local organizations in the communities who need it most, combatting our unacceptable child poverty rates, and paving the way towards a brighter future for the next generation of New Yorkers.”

    State Senator Sean Ryan said, “As the federal government works to slash programs that New Yorkers depend on and fails to deliver on the promise of lowering costs, we’re working hard in New York to uplift our most vulnerable communities. This State funding will protect families in need and add one more tool to help Buffalo address the unconscionably high rate of childhood poverty that has plagued our city for too long. I thank Governor Hochul for her continued efforts to address this critically important issue.”

    State Senator Rachel May said, “Many families in Central New York struggle to make ends meet. With rising rents and persistently high food prices, meeting the basic needs for meals, utilities, and other essentials has become increasingly difficult. Governor Hochul’s announcement of $50 million in funding for anti-poverty programs will significantly help address the fundamental causes of poverty in our region. Thank you to Governor Hochul and my colleagues in the Senate Majority who continue to lift more of our neighbors out of poverty.”

    Assembly Majority Leader Crystal Peoples-Stokes said, “Reducing poverty is one of the most important measures the State can take to help struggling families maintain their health, home, and well-being. I welcome Governor Hochul’s commitment to reducing poverty in the cities of Buffalo, Rochester, and Syracuse and look forward to seeing the positive results in my community and beyond.”

    Assemblymember Al Stirpe said, “Governor Hochul’s announcement today shows a true commitment to fighting one of the hardest battles our local communities continue to face. Syracuse has long had some of the highest rates of child poverty across the nation and it is paramount that we take responsibility to combat this longstanding and generational issue. I want to thank Governor Hochul for her leadership which has made these resources possible for Onondaga County, helping lift our children and families most in need and demonstrating an enduring dedication to the welfare of our future generations.”

    Assemblymember Andrew Hevesi said, “I am grateful to Governor Hochul for targeting these anti-poverty funds precisely where we need them, in Syracuse, Rochester, and Buffalo which unfortunately retain some of the highest rates of child poverty in the country. Thank you to Speaker Heastie, Majority Leader Stewart-Cousins and all of my colleagues for working with the executive to provide this assistance to our upstate communities, families and children.”

    Assemblymember William Magnarelli said, “Syracuse has one of the highest rates of child poverty in the nation with about half of the children in the city falling below the poverty line. By investing in Syracuse and other Upstate cities, the Governor is committed to improving the well-being of our communities through increasing opportunities to access housing, childcare, jobs and transportation.”

    Assemblymember Harry B. Bronson said,“As the prime Assembly sponsor of the Child Poverty Reduction Act, I applaud the Governor for this additional $50 million investment to address the needs of children and families living in poverty, which prioritizes uplifting families through opportunity and resources. Thank you, Governor Hochul, for your continued and renewed support and partnership to make Rochester a city of prosperity, opportunity and equity, so we can finally end the epidemic of children and families living in poverty.”

    Assemblymember Sarah Clark said, “We know that systemic poverty is at the heart of many of our most pressing issues statewide. Serving in a region that has one of the highest child poverty rates in the state is a constant reminder of how much more we need to be investing in children and families, which is my top priority in the Assembly. I am grateful to Governor Hochul for announcing $50 million investments into our most marginalized communities here in Upstate New York. These funds will help lift families out of generational poverty and ensure the most pressing needs of our children are better met.”

    Assemblymember Pamela Hunter said, “Investing in our children and families is the foundation of a stronger, more prosperous New York. Throughout my time in office, childhood poverty in Syracuse has been one of the most pervasive and difficult issues to address. With this $50 million commitment, we are taking decisive action to break the cycle of poverty and provide real opportunities for families in Rochester, Buffalo, and here in Syracuse. By prioritizing locally driven solutions, we are ensuring that those closest to the challenges have the resources they need to create lasting change. I applaud Governor Hochul for her leadership and for recognizing that lifting up our most vulnerable communities is not just the right thing to do—it is essential for the future of our state.”

    Monroe County Executive Adam Bello said, “Project Prosper will create strategic initiatives to connect families to stable housing, employment support, childcare, assistance for pregnant women that will improve maternal and infant health outcomes, and targeted rental subsidies to help families secure stable housing. This funding will provide real, measurable pathways out of poverty in targeted zip codes throughout our community. We are grateful to Governor Hochul for this $25 million investment and for taking many of the recommendations of the community-driven Rochester-Monroe County Anti-Poverty Initiative and turning them into reality.”

    Erie County Executive Mark C. Poloncarz said, “Reducing poverty among families and children helps them on a path to a better, healthier and more productive life. This funding will help TANF-eligible families gain access to the support and services they need to gain new skills, improve their financial literacy and build towards a better future. I thank Governor Hochul for her continuing focus on reducing poverty rates and making Buffalo, and New York State, a great place to raise a family.”

    Onondaga County Executive Ryan McMahon said, “My administration has worked tirelessly to reach and connect with the members of our community living in poverty to the resources they need in a comprehensive and holistic way. From our successful 2Gen Onondaga Pilot project that works to break the generation cycle of poverty to working with our schools to support our kids without adding additional challenges for parents looking to find or keep employment, Onondaga County is making real progress when it comes to finally addressing the root causes of poverty. There is still much more work to do and thanks to these state funds we will be able to build on and scale up our efforts in a truly substantive way. Thank you to New York State and all of the community partners who helped make today possible.”

    Rochester Mayor Malik D. Evans said, “Project Prosper combines the resources of New York State, Monroe County and the City of Rochester to support our most vulnerable residents and address some of the debilitating consequences of poverty: infant mortality, rent burden, and economic stagnation. I want to thank Governor Kathy Hochul for delivering this funding, along with the many community-based organizations whose insights helped us design these innovative strategies. Thanks to Governor Hochul and our partnership with Monroe County, we are giving the residents of Rochester’s poorest neighborhoods the investments they deserve.”

    Buffalo Mayor Christopher P. Scanlon said, “As a father of three, I know firsthand the challenges that families face in ensuring their children have the opportunities and support they need to thrive. Governor Hochul’s investment in Buffalo will provide critical resources to lift families out of poverty, creating a pathway to economic stability and brighter futures for our children. This funding is not just about financial assistance—it’s about empowering families with the tools to succeed, from career coaching to financial literacy and workforce development. I want to thank the Governor for her investment in families in the City of Buffalo and I look forward to seeing its impact on families across our city.”

    Syracuse Mayor Ben Walsh said, “The programs receiving support in the City of Syracuse address the child’s home and education and the parent’s ability to meet current needs while expanding their capacity to escape poverty through employment. It is this type of holistic approach that creates both a pathway out of poverty and the support for the family to successfully navigate that path. I am grateful to Governor Hochul for committing these resources to fight childhood poverty in Syracuse and to our partners at Onondaga County for working with us on these programs.”

    MIL OSI USA News