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Category: Business

  • MIL-OSI China: Announcement on Open Market Operations No.211 [2024]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.211 [2024]

    (Open Market Operations Office, October 25, 2024)

    In order to keep liquidity adequate at a reasonable level in the banking system at month-end, the People’s Bank of China conducted reverse repo operations in the amount of RMB292.6 billion through quantity bidding at a fixed interest rate on October 25, 2024.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB292.6 billion

    1.50%

    Date of last update Nov. 29 2018

    2024年10月25日

    MIL OSI China News –

  • MIL-OSI Banking: Joint Press Statement of the Eight ASEAN-India Ministerial Meeting on Agriculture and Forestry (the 8th AIMMAF)

    Source: ASEAN

    The Eighth ASEAN India Ministerial Meeting on Agriculture and Forestry was held
    virtually on 25 October 2024. The Meeting was co-chaired by Myanmar and India.The Meeting commended the significant progress made in the implementation of the Medium-Term Plan of Action for ASEAN-India Cooperation in Agriculture and Forestry (2021–2025). This plan aims to promote investment, develop human resources in the food, agriculture, forestry, and fisheries sub-sectors by providing opportunities for the youth of ASEAN, and enhance the resilience of natural systems while improving the adaptive capacities of human communities to cope with environmental hazards. The Meeting noted that various projects to support these initiatives have been implemented as part of a regional strategy focusing on sustainable and regenerative agriculture between ASEAN and India.

    Download the full statement here.
    The post Joint Press Statement of the Eight ASEAN-India Ministerial Meeting on Agriculture and Forestry (the 8th AIMMAF) appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Joint Press Statement of the Twenty-Fourth Meeting of the ASEAN Ministers on Agriculture and Forestry and the Ministers of Agriculture of the People’s Republic of China, Japan and The Republic of Korea (24th AMAF Plus Three)

    Source: ASEAN

    The Twenty-Fourth Meeting of the ASEAN Ministers on Agriculture and Forestry Plus Three was held virtually on 25 October 2024 hosted and chaired by Myanmar.The Meeting focused on the accomplishments made in implementing the ASEAN Plus Three Cooperation Strategy (APTCS) for the period 2016-2025. This strategy focuses on several key areas, including sustainable agriculture, good agricultural practices, the integration and use of digital technologies, and strategies for adapting to and mitigating climate change. These priorities are vital for addressing regional challenges while fostering collaboration and strengthening ties between the ASEAN Member States and the Plus Three Countries. The discussions highlighted the importance of these areas in promoting sustainable development, improving food security, and ensuring ecological resilience, which are essential for the long-term prosperity and stability of the region.

    Download the full statement here.
    The post Joint Press Statement of the Twenty-Fourth Meeting of the ASEAN Ministers on Agriculture and Forestry and the Ministers of Agriculture of the People’s Republic of China, Japan and The Republic of Korea (24th AMAF Plus Three) appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Joint Press Statement of the Forty-Sixth Meeting of the ASEAN Ministers on Agriculture and Forestry (46th AMAF)

    Source: ASEAN

    The ASEAN Ministers on Agriculture and Forestry (AMAF) held its 46th Meeting on 24 October 2024 virtually, under the Chairmanship of Myanmar. The Meeting reaffirmed ASEAN’s commitment to promoting cooperation in the food, agriculture, and forestry sectors.Recognising the importance of sustainable agriculture, sustainable forest management, decarbonisation, and digitalisation in the ASEAN region, the Meeting urged all stakeholders, including academia, international organisations and the private sector to work with the ASEAN Member States, through the ASEAN Secretariat, the implementation of sustainable and circular food, agriculture and forestry policies, which have been adopted by ASEAN.

    Download the full statement here.
    The post Joint Press Statement of the Forty-Sixth Meeting of the ASEAN Ministers on Agriculture and Forestry (46th AMAF) appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: CMA launches court action against Emma to protect UK consumers

    Source: United Kingdom – Executive Government Non-Ministerial Departments

    CMA takes Emma to court after it fails to address all of the CMA’s concerns about misleading practices.

    iStock

    The Competition and Markets Authority (CMA) opened an investigation into Emma over concerns that some of its online sales practices – such as discounts and urgency claims, including countdown timers and high demand prompts – may mislead consumers.          

    The CMA called on the business to make changes and agree to commitments – known as ‘undertakings’ – to ensure its compliance with consumer protection law and ensure shoppers get a fair deal.

    Emma has failed to take the necessary action to address all of the CMA’s concerns relating to the use of reference pricing. As a result, the CMA has now launched court action.

    George Lusty, the CMA’s Interim Executive Director for Consumer Protection and Markets said:

    We have given Emma sufficient opportunity to alter the way it does business to address our concerns. They have failed to make all the changes that we require, which is why we’ve progressed to court action.

    We are concerned that when sales tactics such as discounts and countdown clocks are used in a misleading way, they can pressure shoppers into making quick purchases and spending more than they otherwise would, for fear of missing out.

    Emma can still agree to change its practices by consenting to an order or giving undertakings to the court ahead of the case being heard. It is for the court to determine a date for the hearing.

    The CMA is monitoring sales practice across the sector and this action is part of an ongoing programme of consumer enforcement work focused on so-called ‘Online Choice Architecture’. This aims to tackle potentially harmful online selling practices, including pressure selling tactics such as urgent time limited claims.

    Under this programme, the CMA has secured formal changes to the business practices of Simba Sleep. These included ensuring that any ‘was’ price is genuine – in other words, that a sufficient volume of product was sold at that price before using it as a ‘was’ price.

    From April 2025 the CMA expects to have the power to decide itself whether consumer law has been broken, and to fine companies up to 10% of their global turnover, if appropriate. Firms will have the right to appeal the CMA’s decision to the courts.

    For more information on today’s announcement, visit the  Emma case page.

    Notes to editors

    1. The CMA’s investigation concerns Emma Sleep GmbH, Emma Matratzen GmbH and Emma Sleep UK Limited (collectively ‘Emma’).
    2. In May 2024, Emma was issued with a letter before claim in relation to these possible breaches of consumer protection legislation.
    3. Find out more on the CMA’s consumer campaign on misleading online practices.
    4. The CMA has issued guidance for traders active in the online mattress sector on discount and reference pricing principles. The aim is to help them understand and comply with their existing obligations under consumer protection law when making price reduction claims online.
    5. An undertaking to the court has the same effect as a court order. At present, it should not be assumed that any business under investigation has broken consumer protection law which it will be for the court to decide.
    6. As an enforcer under Part 8 of the Enterprise Act 2002, the CMA cannot currently levy administrative fines for breaches of consumer law. However, parliament recently passed legislation to give the CMA stronger consumer powers, which will enable the CMA to decide when consumer law has been broken without first taking a case to court. The Digital Markets, Competition and Consumers Act 2024 will, once it comes into effect, empower the CMA to fine those firms that do break consumer law up to 10% of their global turnover. Firms will have a right to appeal to the High Court.  At present, the CMA can enforce consumer law through the courts, and where appropriate, seek additional measures to improve consumer choice, drive compliance with the law, or secure redress for consumers.
    7. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Tech and Retail – Samsung Launches New Odyssey OLED Monitor Range Delivering Incredible Immersive Entertainment

    Source: Samsung

    Welcome the new era of gaming and elevate your entertainment and multitasking with incredible deep immersion

    AUCKLAND, New Zealand – Oct. 25, 2024 – Samsung Electronics today announces the unveiling of its highly acclaimed Odyssey OLED line-up, which features the introduction of four new models: the Odyssey OLED G93SD, G91SD, G85SD and G61SD.

    Samsung Electronics continues to lead the global gaming monitor market, holding the No.1 brand position  since 2021[1]. Earlier this year, Samsung captured a 20.6%[2] global market share in this category and leads the New Zealand gaming monitor market with a 43%[3] share in the first half of 2024, according to International Data Corporation (IDC).

    “The OLED monitor market is highly competitive, so reaching the top spot requires unparalleled innovation and product quality,” said Jimmy Peng, Head of Visual Display Business at Samsung New Zealand. “Being the market leader in gaming monitors, we have built up an understanding of New Zealand gamers and always look to ensure that we give them the very best. Our latest Odyssey OLED monitors will build on this and provide a larger-than-life viewing experience with resolution which enables Kiwi gamers to have an immersive and real-life gaming experience.”

    Setting the new standard, the Samsung Odyssey OLED G9 series, including the G93SD and G91SD models, delivers an immersive experience with dual QHD (5,120 x 1,440) resolution, a 32:9 ultra-wide screen ratio, 1,800R curved design, a 240Hz refresh rate and a 0.03ms grey-to-grey (GTG) response time[4].

    The 34” Odyssey OLED G85SD offers ultra-wide QHD (3,440 x 1,440) resolution, a 21:9 screen ratio, 1,800R curved design, Smart Hub, a 175Hz refresh rate and a 0.03ms GTG response time. In addition to the successful of the larger screen sizes within the Odyssey OLED range, Samsung also offers a 27” OLED G6 series monitor, with the introduction of the G61SD, which further diversifies the comprehensive OLED portfolio and providing more options for Kiwi gamers.

    The new Odyssey OLED models incorporate Samsung’s proprietary OLED Safeguard to prevent burn-ins and OLED Glare Free technology to minimise light reflection, ensuring a superior viewing experience. As well as AMD FreeSync support which offers extremely smooth and fast action gameplay, reduces stuttering and input latency.

    Game, work and relax. For those who want a monitor that does it all, Samsung Electronics presents the Odyssey OLED series is the best for gaming and beyond.

    For more information on Samsung’s industry-leading monitor line-up, please visit www.samsung.com/nz/

    MIL OSI New Zealand News –

  • MIL-OSI: Awilco Drilling PLC: Minutes from Extraordinary General Meeting

    Source: GlobeNewswire (MIL-OSI)

    An Extraordinary General Meeting of Awilco Drilling PLC was held Friday 25 October 2024 at 11:00am (UK time), at the Company’s registered office, Suite 1, 7th Floor, 50 Broadway, London, SW1H 0BL, United Kingdom.

    The resolution set out in the Meeting Notice was duly passed. The signed minutes of meeting are attached hereto.

    The Meeting Notice is available on our website www.awilcodrilling.com, under ‘Investor Relations/General Meetings’.

    Aberdeen, 25 October 2024

    For further information please contact:

    Eric Jacobs, Interim CEO
    Phone: +47 9529 2271

    Cathrine Haavind, Investor Relations
    Phone: +47 9342 8464
    Email: ch@awilcodrilling.com

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

    Attachment

    The MIL Network –

  • MIL-OSI Economics: BSTDB Supports Kernel Group with USD 25 million in Pre-Export Finance Facility

    Source: Black Sea Trade and Development Bank

    Press Release | 25-Oct-2024

    Enhancing Ukraine’s Agricultural Exports in Challenging Times 

    The Black Sea Trade and Development Bank (BSTDB) is providing up to USD 25 million to a pre-export finance facility for Kernel Group, a leading player in Ukraine’s agricultural sector and one of the world’s largest sunflower oil exporters.  The BSTDB funds will help the company have the necessary working capital to procure, process, store, and transport oilseeds and vegoils, ensuring their export to global markets.

    BSTDB’s financing is part of a USD 150 million syndicated facility, arranged by ING Bank NV and Coöperatieve Rabobank U.A.

    “We are pleased to extend our continued and unwavering support for Kernel’s operations during this critical and challenging times.  Agriculture remains an essential pillar of Ukraine’s economy despite the immense challenges posed by the conflict. By facilitating production and exports of vital agricultural goods, we are not only sustaining a vital industry that feeds millions, but we also actively contributing to the economic resilience and recovery of Ukraine. This partnership is a testament to our shared commitment to supporting the country’s long-term prosperity, even under the most testing circumstances”, said Dr. Serhat Köksal, BSTDB President.

    “In spite of the challenging political and economic environment, Kernel repaid its 2024 Notes on time and continues to meet its financial commitments. The strong credit history allowed the Company to attract new financing even during current unprecedented times. We are thankful to our partners, including the Black Sea Trade and Development Bank, for their support and willingness to continue our long-term cooperation. The facility is aimed to finance our working capital for procurement of sunflower seeds and beans for further processing and exporting of the vegetable oils and meals to the international market thus making an important contribution to the world food safety.”, commented Sergiy Volkov, the CFO of Kernel.

     

    Kernel is a leading vertically integrated Ukrainian agribusiness player with domestic and international operations. It is the largest oilseed crusher in Ukraine.

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact:

    Haroula Christodoulou

    Phone: +30 2310 290533

    : @BSTDB

    MIL OSI Economics –

  • MIL-OSI Africa: Angel investors commit US$350,000 to creative entrepreneurs at Afreximbank’s CANEX pitch session

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

    ALGIERS, Algeria, October 25, 2024/APO Group/ —

    African Export – Import Bank’s (Afreximbank) (www.Afreximbank.com) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition.

    The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative entrepreneurs from 10 African countries who were selected to present their businesses for review with a view to raising capital for growth and expansion.

    Moji Hunponu-Wusu, Founder of Woodhall Capital, made the leading commitment of US$250,000 in equity by issuing an investment term sheet to Cameroonian fashion designer Kibonen Nfi, the founder of the Kibonen brand.

    An additional commitment of US$100,000 was made by a consortium of three angel investors: Ibrahim Sagna, Chairman of Silverbacks Holdings, Moji Hunponu-Wusu, and Efe Ukala, Founder of ImpactHER. They jointly agreed to invest in the top three pitches of the competition.

    With that arrangement, the equity commitment will go to Zimbabwean Pam Samasuwo-Nyawiri of Vanhu Vamwe, whose pitch earned the top spot, Ms. Nfi, whose pitch was second, and another Zimbabwean, Thulani Ngazimbi of The Rad Black Kids, who had the third best pitch.

    Commenting on the pitch session, Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank, Afreximbank, said that the competition was aimed at catalysing financing to complement the capacity building and market access support that the CANEX platform provides African creatives.

    “Facilitating access to angel investment like this complements our existing efforts by providing the capital required for creative entrepreneurs to maximize the benefits of our capacity building and market access interventions,” said Mrs. Awani, adding, “The investments into the creative enterprises will enable them to expand their businesses, trade across borders, create new jobs and contribute to economic development.”

    The four-day CANEX WKND 2024 ran from 16 to 19 October and was held under the theme “One People, United in Culture, Creating for the World”. It was attended by almost 4,000 delegates representing a diversity of creative sectors from across Africa and featured live performances, speeches by industry leaders and experts, masterclass sessions, fashion shows, sporting events, high energy music concerts and gastronomical showcases alongside a vibrant market and exhibition.

    MIL OSI Africa –

  • MIL-OSI China: Drug regulator opens information center in Beijing E-Town

    Source: China State Council Information Office 2

    The Center for Information of the National Medical Products Administration (NMPA) officially opened on Oct. 23 in the BioPark of Beijing Economic and Technological Development Area, also known as Beijing E-Town. This marks the establishment of all six core NMPA centers in Beijing E-Town.
    The fix centers, including the Center for Drug Evaluation, Center for Food and Drug Inspection and Verification, Center for Drug Reevaluation Center (National Center for ADR Monitoring), and Center for Medical Device Evaluation, provide administrative approval and enterprise qualification certification, supporting the high-quality development of biotechnology and health industries.
    A Beijing E-Town official explained the significance of these centers. The Center for Drug Evaluation organizes technical reviews for drug registration, while the Center for Medical Device Evaluation handles applications for domestic third-class and imported medical devices. From the perspective of industry rules, review is a key node for industry entry. Integrating the regulatory resources of the NMPA can increase the service guidance for the registration and listing of innovative drugs and devices.
    The six centers are located in BioPark’s headquarters cluster area. BioPark is designed to provide a comprehensive ecosystem for biomedical companies, offering spaces for headquarters, R&D, medical and engineering integration, and pharmaceutical intelligent manufacturing.
    “We will systematically promote innovation in science, technology, applications and mechanisms,” a BioPark spokesperson said. “We’ll integrate policy measures from various departments in supervision, intellectual property protection and medical and human genetic resource management to form an industrial policy system aligned with international rules.”

    MIL OSI China News –

  • MIL-OSI China: Global pharma companies plan Beijing research centers

    Source: China State Council Information Office 2

    Beijing is emerging as a global hub for pharmaceutical innovation as eight international pharmaceutical companies plan to establish research and development centers in the city.
    The announcement came at the 2024 International Biomedical Industry Innovation Conference Beijing Forum yesterday. Eli Lilly and Company, Merck Sharp & Dohme, Pfizer, Bayer, AstraZeneca, Medtronic, Danaher Corporation and HUYA Bio International will invest in Beijing, bolstering the city’s position in life sciences.
    Six of these R&D centers will be located in the Beijing Economic and Technological Development Area, known as Beijing E-Town.
    “These newly established R&D institutions in Beijing E-Town are mostly the ‘first in Beijing’ or ‘first in China’ for these multinational pharmaceutical companies,” a Beijing E-Town official said.
    Eli Lilly, the world’s largest pharmaceutical company by market value, will establish a medical innovation center and an innovation incubator in Beijing E-Town.
    Beijing has designated pharmaceuticals as one of two “twin engines” driving city innovation. Since 2018, the city has introduced policies supporting pharmaceutical development, including the 32 Measures to Support High-Quality Development of Innovative Pharmaceuticals and policies to foster the growth of foreign-funded R&D centers. Currently, 40% of Beijing’s 149 foreign-funded R&D centers operate in pharmaceuticals and health care.
    To further attract foreign investment, Beijing has pledged comprehensive support services to these eight companies, including policy implementation, innovation promotion and logistical assistance.
    The Beijing Municipal Commission of Development and Reform will provide customized services to the newly invested companies, focusing on policy support, innovation facilitation and operational guarantees.

    MIL OSI China News –

  • MIL-OSI China: Beijing holds international biomedical conference

    Source: China State Council Information Office 2

    The 2024 International Biomedical Industry Innovation Conference Beijing Forum opened in Beijing yesterday, aiming to foster new quality productive forces in the pharmaceutical and healthcare industry.
    Yin Li, secretary of the Communist Party of China Beijing Municipal Committee, highlighted the Chinese capital’s commitment to advancing biomedicine development, emphasizing the importance of innovation and international cooperation. He outlined Beijing’s strategic advantages, including its world-class health care system, medical institutions and leadership in patents and drug approvals.
    Beijing recently launched 32 measures to accelerate innovation and aims to establish a globally influential biomedicine cluster, focusing on technological advancements and collaboration.
    Zeng Yixin, deputy director of the National Health Commission (NHC), underscored the importance of the biopharmaceutical industry in improving public health.
    During the conference, eight foreign pharmaceutical companies were offered a comprehensive suite of services to support their operations and enhance collaboration in Beijing.

    MIL OSI China News –

  • MIL-OSI Economics: Suntera Escrow Services (IOM) Limited

    Source: Isle of Man

    Notice is hereby given that Suntera Escrow Services (IOM) Limited, which was registered under the Designated Businesses (Registration & Oversight) Act 2015, has been de-registered in accordance with 12(1)(a) of this Act with effect from 25/10/2024.

    MIL OSI Economics –

  • MIL-OSI Economics: Update of Island’s AML/CFT framework

    Source: Isle of Man

    Changes are being implemented to update key elements of the Island’s anti-money laundering and countering the financing of terrorism (AML/CFT) framework.

    The Isle of Man Financial Services Authority, in conjunction with the Department of Home Affairs and Treasury, has led a revision of the Proceeds of Crime Act 2008 (POCA) and the Designated Business (Registration and Oversight) Act 2015 (DBROA).

    Those amendments take effect from today, Friday 25 October 2024, while the new Travel Rule (Transfer of Virtual Assets) Code 2024 comes into operation from Monday 28 October 2024.

    The intention is to achieve consistency across the Island’s AML/CFT legislation and ensure greater alignment with international standards and the definitions and terminology set by the Financial Action Task Force (FATF), the organisation that leads global action to counter money laundering, terrorist financing and proliferation financing.

    Further information will be published to explain the changes, with new guidance being produced to raise awareness of the obligations and expectations of the Travel Rule Code among firms in the Virtual Asset Service Provider (VASP) sector. This includes compliance with the requirement to transfer and retain certain customer information when conducting virtual asset transactions.

    The legislative updates reflect feedback to two public consultations issued earlier this year and are being made through:

    • The Proceeds of Crime (Business in the Regulated Sector) (Amendment) Order 2024, which amends Schedule 4 to the POCA.
    • The Designated Businesses (Amendment) Order 2024, which amends Schedule 1 to the DBROA.

    Ashley Whyte, Head of AML/CFT Supervision at the Authority, said: ‘We have worked in collaboration with the Department of Home Affairs and Treasury to modernise the Island’s AML/CFT framework and introduce the Travel Rule Code. Firms are encouraged to take note of the changes, which are aimed at keeping the Island in line with globally recognised standards. Guidance documents will be published shortly on the Authority’s website to provide additional support and clarity.’

    The Authority will also be publishing a recorded webinar to provide an overview of the Travel Rule (Transfer of Virtual Assets) Code 2024, how it aligns with international standards and what it means for the VASP sector in the Island.

    Notes:

    Feedback statements on the two public consultations can be found at:

    Travel Rule Code

    AML/CFT framework

    MIL OSI Economics –

  • MIL-OSI: Silvaco Inc. Achieves ISO 9001 Certification for Comprehensive Suite of TCAD, EDA, and IP Products

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Oct. 25, 2024 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, is proud to announce that its wholly-owned subsidiary Silvaco, Inc. (“Silvaco” or the “Company”) has obtained ISO 9001 certification of its quality management system to support its TCAD, EDA software, and SIP solutions. The certification underscores Silvaco’s ongoing commitment to quality, customer satisfaction, and continuous improvement across its entire portfolio products. 

    The certification was performed by Schellman Compliance, LLC, an ANAB accredited Certification Body based in the United States. The details of Silvaco’s certification is publicly available at https://www.schellman.com/certificate-directory.

    Description of the ISO 9001 Standard

    ISO 9001 is a globally recognized standard for the establishment and certification of a quality management system (QMS). The standard specifies the requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to protect against, reduce the likelihood of occurrence, prepare for, respond to, and recover from disruptive incidents when they arise. It is intended to be applicable to all organizations, or parts thereof, regardless of type, size and nature of the organization.

    The ISO 9001 certification signifies that Silvaco has implemented effective processes and controls to ensure the consistent quality of its products and services, from design and development to delivery and support. By achieving ISO 9001 certification, Silvaco is committed to developing and delivering high-quality solutions that enable semiconductor design and digital twin modeling through AI software and innovation.

    “We are thrilled to achieve ISO 9001 certification, which reflects our dedication to maintaining the highest standards of quality in every aspect of our business,” said Dr. Babak Taheri, CEO and Director of Silvaco. “This milestone reinforces our commitment to delivering innovative technology that meets international standards, and the evolving needs of our customers in the semiconductor and electronics industries.”

    “Silvaco’s achievement of ISO 9001 certification demonstrates the Company’s commitment in implementing a robust and effective quality management system,” said Danny Manimbo, Principal and ISO Practice Director, Schellman. “By meeting the requirements of ISO 9001, Silvaco has shown its dedication to operational excellence and delivering high-quality services to its customers. We commend Silvaco for reaching this important milestone and look forward to its continued success.”

    Silvaco’s suite of TCAD, EDA, and IP products supports the design, simulation and verification of advanced semiconductor devices and systems. The company’s solutions enable semiconductor and photonics companies to increase productivity, accelerate their products’ time-to-market and reduce their development and manufacturing costs.

    “This certification reflects the rigorous standards we uphold in developing and delivering our TCAD, EDA, and IP products and is an important step towards Silvaco’s broader strategy of maintaining leadership in those markets,” said Brian Bradburn, Sr. Vice President of Operations of Silvaco. “Not only does this highlight Silvaco’s commitment to continuous quality improvement and technological innovation, but this also ensures that our customers and partners can trust the superior support and consistency of the products we bring to the semiconductor industry.”

    About Schellman
    Schellman is a leading provider of attestation and compliance services. We are the only company in the world that is a CPA firm, a globally licensed PCI Qualified Security Assessor, an ISO Certification Body, HITRUST CSF Assessor, a FedRAMP 3PAO, and most recently, an APEC Accountability Agent. Renowned for expertise tempered by practical experience, Schellman’s professionals provide superior client service balanced by steadfast independence. Our approach builds successful, long-term relationships and allows our clients to achieve multiple compliance objectives through a single third-party assessor.

    About Silvaco 
    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. 

    Safe Harbor Statement
    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” provisions of those sections. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are typically identified by the use of words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “estimate,” “potential,” “continue,” and similar expressions, although not all forward-looking statements contain these words. These statements are based on the Company’s current expectations and assumptions and are subject to risks, uncertainties, and other factors, including those described in the Company’s most recent Quarterly Report on Form 10-Q and other filings with the Securities and Exchange Commission. These factors may cause actual results to differ materially from those expressed or implied by forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Media Contact
    Tyler Weiland
    press@silvaco.com

    Investor Relations:
    Greg McNiff
    investors@silvaco.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Announces Quarterly Index Performance and Rebalancing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the third quarter 2024 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

    The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 7.5% in Q3 2024. 32 new companies joined the Index while 47 companies were removed. Talen Energy Corp (TLN) went to NASDAQ on 7/10/2024. FirstSun Capital Bancorp (FSUN) went to NASDAQ on 7/12/2024. Collective Mining Ltd (CNL) went to NYSE MKT on 7/22/2024. Grayscale Ethereum Trust (ETHE) went to NYSE ARCA on 7/23/2024.

    The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up 7.7% in Q3 2024. 2 new companies joined the Index and 3 companies were removed.

    The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up 7.6% in Q3 2024. 15 new companies joined the Index, while 13 companies were removed.

    The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was up 11.3% in Q3 2024. 9 companies joined the Index while 15 companies were removed.

    The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 7.5% in Q3 2024. 13 new companies joined the Index while 29 companies were removed.

    The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies index was up 9.5% in Q3 2024. 6 new companies joined the Index while 18 companies were removed.

    The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 4.4% in Q3 2024. 19 new companies joined the Index while 19 companies were removed.

    The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was up slightly 0.8% in Q3 2024. 1 new company joined the Index while 3 companies were removed.

    The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was up 4.0% in Q3 2024. 74 companies were added to the index while 107 companies were removed. RDE Inc (RSTN) went to NASDAQ on 8/7/2024.

    For a list of all index additions and deletions, visit
    https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

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    The MIL Network –

  • MIL-OSI: Lakeland Financial Reports Third Quarter Net Income of $23.3 Million, Organic Loan Growth of 5% and Organic Deposit Growth of 4%

    Source: GlobeNewswire (MIL-OSI)

    WARSAW, Ind., Oct. 25, 2024 (GLOBE NEWSWIRE) — Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.3 million for the three months ended September 30, 2024, which represents a decrease of $1.9 million, or 8%, compared with net income of $25.3 million for the three months ended September 30, 2023. Diluted earnings per share were $0.91 for the third quarter of 2024 and decreased $0.07, or 7%, compared to $0.98 for the third quarter of 2023. On a linked quarter basis, net income increased $789,000, or 3%, from second quarter 2024 net income of $22.5 million. Diluted earnings per share increased $0.04, or 5%, from $0.87 on a linked quarter basis.

    Pretax pre-provision earnings, which is a non-GAAP measure, were $30.8 million for the three months ended September 30, 2024, an increase of $666,000, or 2%, compared to $30.1 million for the three months ended September 30, 2023. On a linked quarter basis, pretax pre-provision earnings decreased $4.6 million, or 13%, compared to $35.4 million for the second quarter of 2024.

    The company further reported net income of $69.3 million for the nine months ended September 30, 2024, versus $64.1 million for the comparable period of 2023, an increase of $5.1 million, or 8%. Diluted earnings per share also increased 8% to $2.69 for the nine months ended September 30, 2024, versus $2.49 for the comparable period of 2023. Pretax pre-provision earnings were $95.5 million for the nine months ended September 30, 2024, an increase of $15.7 million, or 20%, compared to $79.8 million for the nine months ended September 30, 2023.

    “Our long-term track record of serving our clients and communities through organic loan and deposit growth continued during the third quarter of 2024 and we are pleased with our performance for the quarter,” commented David M. Findlay, Chairman and Chief Executive Officer. “We continue to be encouraged by the strength of economic activity in our Indiana markets and are really well positioned to take advantage of the ongoing growth and investment we are seeing throughout our footprint.”

    Quarterly Financial Performance

    Third Quarter 2024 versus Third Quarter 2023 highlights:

    • Tangible book value per share grew by $5.47, or 25%, to $27.07
    • Total risk-based capital ratio of 15.75%, compared to 15.13%
    • Tangible capital ratio improved to 10.47%, compared to 8.62%
    • Average loans grew by $214.6 million, or 4%, to $5.06 billion
    • Core deposit growth of $261.2 million, or 5%
    • Return on average equity of 13.85%, compared to 16.91%
    • Return on average assets of 1.39%, compared to 1.54%
    • Net interest margin of 3.16% versus 3.21%
    • Noninterest income growth of $1.1 million, or 10%
    • Revenue improved by 3% to $61.2 million
    • Noninterest expense increased by $1.3 million, or 4%
    • Provision expense of $3.1 million, compared to $400,000
    • Net charge offs of $143,000 versus $353,000
    • Watch list loans as a percentage of total loans increased to 5.27% from 3.83%

    Third Quarter 2024 versus Second Quarter 2024 highlights:

    • Tangible book value per share grew by $1.73, or 7%
    • Total risk-based capital ratio improved to 15.75% from 15.53%
    • Tangible capital ratio of 10.47%, compared to 9.91%
    • Core deposits increased by $138.3 million, or 2%
    • Average loans grew by $29.5 million, or 1%, to $5.06 billion
    • Net interest margin of 3.16% versus 3.17%
    • Return on average equity of 13.85%, compared to 14.19%
    • Return on average assets of 1.39%, compared to 1.37%
    • Noninterest income decreased by $8.5 million, or 42%
    • Noninterest expense decreased by $2.9 million, or 9%
    • Provision expense of $3.1 million compared to $8.5 million
    • Watch list loans as a percentage of total loans improved to 5.27% from 5.31%

    Capital Strength

    The company’s total capital as a percentage of risk-weighted assets improved to 15.75% at September 30, 2024, compared to 15.13% at September 30, 2023 and 15.53% at June 30, 2024. These capital levels significantly exceeded the 10.00% regulatory threshold required to be characterized as “well capitalized” and reflect a strengthening of the company’s strong capital base.

    The company’s tangible common equity to tangible assets ratio, which is a non-GAAP financial measure, improved to 10.47% at September 30, 2024, compared to 8.62% at September 30, 2023 and 9.91% at June 30, 2024. Unrealized losses from available-for-sale investment securities improved to $154.5 million at September 30, 2024, compared to $266.4 million at September 30, 2023 and $194.9 million at June 30, 2024. When excluding the impact of accumulated other comprehensive income (loss) on tangible common equity and tangible assets, the company’s ratio of adjusted tangible common equity to adjusted tangible assets, a non-GAAP financial measure, improved to 12.29% at September 30, 2024, compared to 11.74% at September 30, 2023 and 12.18% at June 30, 2024.

    Kristin L. Pruitt, President, commented, “Our capital structure is a critical strength of our balance sheet, as it has been for a very long time. This exceptionally strong capital retention supports our plans for continued organic growth as well as total return to shareholders through our common stock dividend.”

    As announced on October 8, 2024, the board of directors approved a cash dividend for the third quarter of $0.48 per share, payable on November 5, 2024, to shareholders of record as of October 25, 2024. The third quarter dividend per share represents a 4% increase from the $0.46 dividend per share paid for the third quarter of 2023.

    Loan Portfolio

    Average total loans of $5.06 billion in the third quarter of 2024, increased $214.6 million, or 4%, from $4.85 billion for the third quarter of 2023, and increased $29.5 million, or 1%, from $5.03 billion for the second quarter of 2024.

    Average total loans for the nine months ended September 30, 2024 were $5.02 billion, an increase of $232.1 million, or 5%, from $4.79 billion for the nine months ended September 30, 2023.

    “Loan growth has been steady in 2024 and has been funded through healthy deposit growth. We are seeing increased activity with our manufacturing clients as we experienced $91 million, or 6%, of commercial and industrial loan growth as compared to September 30, 2023. In addition, commercial real estate loan balances increased as our relationships with in-market long-term clients expanded with projects moving forward supported by good demand and high-quality developments. As a result, commercial real estate and multi-family loans grew $128 million, or 5% year over year,” noted Findlay. “Our retail and consumer lending teams have also experienced healthy growth of $54 million or 9% in the last year. Our highly diverse loan portfolio growth continues, and it is gratifying to see both commercial and consumer lending positively impacting our balance sheet growth.”

    Total loans, net of deferred loan fees, increased by $211.0 million, or 4%, from $4.87 billion as of September 30, 2023 to $5.08 billion as of September 30, 2024. The increase in loans occurred across much of the portfolio with our commercial real estate and multi-family residential loan portfolio growing by $127.4 million, or 5%, our commercial and industrial loan portfolio growing by $90.7 million, or 6%, and our consumer 1-4 family mortgage loans portfolio growing by $36.3 million, or 8%. These increases were offset by a decrease to total agribusiness and agricultural loans of $22.1 million, or 6%, and a decrease to other commercial loans of $31.6 million, or 25%. On a linked quarter basis, total loans net of deferred loan fees increased by $29.6 million, or 1%, from $5.05 billion at June 30, 2024. The linked quarter increase was primarily a result of growth in construction and land development loans of $70.9 million, or 11%, and growth in total consumer loans of $21.7 million, or 4%. Offsetting this growth were declines in total commercial and industrial loans of $33.4 million, or 2%, and in owner occupied loans of $19.6 million, or 2%.

    Commercial loan originations for the third quarter included approximately $316.0 million in loan originations, offset by approximately $308.0 million in commercial loan pay downs. Line of credit usage increased to 41% as of September 30, 2024, compared to 39% at September 30, 2023 and was unchanged from 41% as of June 30, 2024. Total available lines of credit contracted by $69.0 million, or 1%, as compared to a year ago, and line usage increased by $96.0 million, or 5%, over that period. The company has limited exposure to commercial office space borrowers, all of which are in the bank’s Indiana markets. Loans totaling $102.6 million for this sector represented 2% of total loans at September 30, 2024, an increase of $1.4 million, or 1%, from June 30, 2024. Commercial real estate loans secured by multi-family residential properties and secured by non-farm non-residential properties were approximately 210% of total risk-based capital at September 30, 2024.

    Diversified Deposit Base

    The bank’s diversified deposit base has grown on a year over year basis and on a linked quarter basis.

     
    DEPOSIT DETAIL
    (unaudited, in thousands)
     
      September 30, 2024   June 30, 2024   September 30, 2023
    Retail $ 1,709,899   29.3 %   $ 1,724,777   29.9 %   $ 1,761,235   31.1 %
    Commercial   2,304,041   39.5       2,150,127   37.3       2,154,853   38.1  
    Public funds   1,726,869   29.6       1,727,593   30.0       1,563,557   27.7  
    Core deposits   5,740,809   98.4       5,602,497   97.2       5,479,645   96.9  
    Brokered deposits   96,504   1.6       161,040   2.8       177,430   3.1  
    Total $ 5,837,313   100.0 %   $ 5,763,537   100.0 %   $ 5,657,075   100.0 %
                                       

    Total deposits increased $180.2 million, or 3%, from $5.66 billion as of September 30, 2023 to $5.84 billion as of September 30, 2024. The increase in total deposits was driven by an increase in core deposits (which excludes brokered deposits) of $261.2 million, or 5%. Total core deposits at September 30, 2024 were $5.74 billion and represented 98% of total deposits, as compared to $5.48 billion and 97% of total deposits at September 30, 2023. Brokered deposits were $96.5 million, or 2% of total deposits, at September 30, 2024, compared to $177.4 million, or 3% of total deposits, at September 30, 2023.

    The change in composition of core deposits since September 30, 2023 reflects growth in commercial deposits and public funds deposits. As of September 30, 2024, commercial deposits as a percentage of total deposits increased to 39%, from 38%, public fund deposits as a percentage of total deposits increased to 30%, from 28%, and retail deposits as a percentage of total deposits contracted to 29%, from 31%, compared to balances a year ago. Commercial deposits grew annually by $149.2 million, or 7%, to $2.30 billion. Public funds deposits grew annually by $163.3 million, or 10%, to $1.73 billion. Retail deposits contracted annually by $51.3 million, or 3%, to $1.71 billion. Growth in public funds was positively impacted by the addition of a new public funds customer in the Lake City Bank footprint which included the addition of its operating accounts. Net retail outflows since September 30, 2023, reflect the continued utilization of deposits from peak savings levels during 2021.

    Findlay noted, “We are pleased with annual core deposit growth of 5% or $261 million in 2024. The deposit mix shift that began in early 2023 has stabilized with growth in noninterest bearing deposits during the third quarter of 2024. Our retail banking team has done a terrific job continuing to drive market share growth in our core Indiana markets and we are pleased with our market share performance in all of our Indiana markets. Core deposit gathering is a strategic focus, continues to improve and today represents 98% of total deposits, up from 97% a year ago.”

    On a linked quarter basis, total deposits increased $73.8 million, or 1%, from $5.76 billion at June 30, 2024 to $5.84 billion at September 30, 2024. Core deposits increased by $138.3 million, or 2%, while brokered deposits decreased by $64.5 million, or 40%. Linked quarter growth in core deposits resulted from growth in commercial deposits of $153.9 million, or 7%. Offsetting the increase in commercial deposits was contraction in retail deposits of $14.9 million, or 1%, and contraction in public funds deposits of $724,000, or less than 1%.

    Average total deposits were $5.88 billion for the third quarter of 2024, an increase of $307.7 million, or 6%, from $5.57 billion for the third quarter of 2023. Average interest-bearing deposits drove the increase to average total deposits and increased by $481.2 million, or 12%. Contributing to the overall growth of interest-bearing deposits was an increase to average interest-bearing checking accounts of $422.1 million, or 15%, and growth in average time deposits of $108.4 million, or 11%. Offsetting these increases was a decrease to average savings deposits of $49.4 million, or 15%. Average noninterest-bearing demand deposits decreased by $173.5 million, or 12%.

    On a linked quarter basis, average total deposits increased by $60.2 million, or 1%, from $5.82 billion for the second quarter of 2024 to $5.88 billion for the third quarter of 2024. Average interest-bearing deposits drove the increase to total average deposits, which increased by $46.9 million, or 1%. Contributing to the overall growth of interest-bearing deposits was an increase to total average time deposits of $35.5 million, or 3%, and an increase to interest bearing checking accounts of $20.4 million, or 1%. Offsetting these increases was a decrease to average savings deposits of $8.9 million, or 3%. Average noninterest-bearing demand deposits increased by $13.3 million, or 1%.

    Checking account trends compared to September 30, 2023, include growth of $181.7 million, or 14%, in aggregate public fund checking account balances and growth of $144.7 million, or 7%, in aggregate commercial checking account balances, and a contraction of $2.5 million, or less than 1%, in aggregate retail checking account balances. The number of accounts has also grown for all three segments, with growth of 14% for public funds accounts, 3% for commercial accounts and 2% for retail accounts.

    Deposits not covered by FDIC deposit insurance as a percentage of total deposits were 61% as of September 30, 2024, compared to 54% at both June 30, 2024 and September 30, 2023, reflecting the growth in public fund deposits over the period. Deposits not covered by FDIC deposit insurance or the Indiana Public Deposit Insurance Fund (which insures public funds deposits in Indiana), were 32% of total deposits as of September 30, 2024, compared to 29% at June 30, 2024, and 28% as of September 30, 2023. As of September 30, 2024, 98% of deposit accounts had deposit balances less than $250,000.

    Liquidity Overview

    The bank has robust liquidity resources. These resources include secured borrowings available from the Federal Home Loan Bank and the Federal Reserve Bank Discount Window. In addition, the bank has unsecured borrowing capacity through long established relationships within the brokered deposits markets, Federal Funds lines from correspondent bank partners, and Insured Cash Sweep (ICS) one-way buy funds available from the Intrafi network. As of September 30, 2024, the company had access to an aggregate of $3.7 billion in liquidity from these sources, compared to $3.3 billion at both September 30, 2023 and June 30, 2024. Utilization from these sources totaled $96.5 million at September 30, 2024, compared to $267.4 million at September 30, 2023 and $161.0 million at June 30, 2024. Core deposits have historically represented, and currently represent, the primary funding resource of the bank at 98% of total deposits and purchased funds.

    Investment Portfolio Overview

    Total investment securities were $1.15 billion at September 30, 2024, reflecting an increase of $42.8 million, or 4%, as compared to $1.11 billion at September 30, 2023. On a linked quarter basis, investment securities increased $24.0 million, or 2%, due primarily to improvement in the fair market value of available-for-sale securities of $40.4 million and partially offset by portfolio cash flows of $15.1 million. Investment securities represented 17% of total assets on September 30, 2024, September 30, 2023 and June 30, 2024. The ratio of investment securities as a percentage of total assets remains elevated over historical levels of approximately 12% to 14%. The company expects the investment securities portfolio as a percentage of assets to continue to decrease over time as the proceeds from pay downs, sales and maturities are used to fund loan portfolio growth and for general liquidity purposes. Tax equivalent adjusted effective duration for the investment portfolio was 6.3 years at September 30, 2024, compared to 6.7 years and 6.5 years at September 30, 2023 and June 30, 2024, respectively. Tax equivalent adjusted effective duration of the investment portfolio remains elevated as compared to 4.0 years at December 31, 2019 prior to the deployment of excess liquidity to the investment portfolio and the increased rate environment. The company anticipates receiving principal and interest cash flows of approximately $26.4 million throughout the remainder of 2024 and $104.7 million during 2025 from its investment securities portfolio.

    Net Interest Margin

    Net interest margin was 3.16% for the third quarter of 2024, representing a 5 basis point decrease from 3.21% for the third quarter of 2023. Earning assets yields increased by 23 basis points to 6.04% for the third quarter of 2024 from 5.81% for the third quarter of 2023. The increase in earning asset yields was offset by an increase in the company’s funding costs of 28 basis points as interest expense as a percentage of average earning assets increased to 2.88% for the third quarter of 2024 from 2.60% for the third quarter of 2023. Increased industry competition for deposits has driven funding costs as a percentage of average earning assets to rise more aggressively than earning asset yields since the third quarter of 2023. Notably, the deposit mix shift from noninterest bearing deposits to interest bearing deposits encountered by the company during the recent monetary tightening cycle has stabilized with noninterest bearing deposits representing 22% of total deposits at September 30, 2024, compared to 24% at September 30, 2023 and 21% at June 30, 2024. In 2019, prior to the pandemic and the related stimulus plans, the ratio of noninterest bearing deposits to total deposits stood at 24% as of December 31, 2019.

    Linked quarter net interest margin contracted by 1 basis point to 3.16% for the third quarter of 2024, compared to 3.17% for the second quarter of 2024. Average earning asset yields decreased by 3 basis points from 6.07% during the second quarter of 2024 to 6.04% during the third quarter of 2024 and were partially offset by a 2 basis point decrease in interest expense as a percentage of average earning assets from 2.90% to 2.88%.

    “Net interest margin has stabilized and has responded well to the first federal fund rate decrease of 50 basis points late in the third quarter. The bank’s net interest margin expanded by 4 basis points on a linked quarter basis, excluding the impact of increased nonperforming loans. In addition, noninterest bearing deposits grew modestly during the quarter as compared to June 30, 2024. While our balance sheet continues to be assets sensitive, we are encouraged by the impact of the Federal Reserve Bank rate action,” commented Lisa M. O’Neill, Executive Vice President and Chief Financial Officer.

    The cumulative loan beta, which measures the sensitivity of a bank’s average loan yield to changes in short-term interest rates, was 56% for the recent rate-tightening cycle, compared to 61% during the prior tightening cycle from 2016 through 2019. The cumulative deposit beta, which measures the sensitivity of a bank’s deposit cost to changes in short-term interest rates, was 54% for the recent rate-tightening cycle, compared to 45% during the prior tightening cycle.

    Net interest income was $49.3 million for the third quarter of 2024, representing an increase of $880,000, or 2%, as compared to $48.4 million for the third quarter of 2023. On a linked quarter basis, net interest income increased $977,000, or 2%, from $48.3 million for the second quarter of 2024. Net interest income decreased by $3.5 million, or 2%, from $148.4 million for the nine months ended September 30, 2023, to $145.0 million for the nine months ended September 30, 2024.

    Asset Quality

    The company recorded a provision for credit losses of $3.1 million in the third quarter of 2024, an increase of $2.7 million, as compared to $400,000 in the third quarter of 2023. On a linked quarter basis, the provision expense decreased by $5.4 million, from $8.5 million for the second quarter of 2024. The elevated provision expense during the second quarter of 2024 was primarily attributable to an increase in the specific reserve allocation from the downgrade of a $43.3 million credit to an industrial company in Northern Indiana in conjunction with the relationship’s placement on nonperforming status. Additional specific reserves of $4.7 million were allocated to this credit during the third quarter of 2024.

    The ratio of allowance for credit losses to total loans was 1.65% at September 30, 2024, up from 1.48% at September 30, 2023, and 1.60% at June 30, 2024. Net charge offs in the third quarter of 2024 were $143,000, compared to $353,000 in the third quarter of 2023 and $949,000 during the linked second quarter of 2024. Annualized net charge offs to average loans were 0.01% for the third quarter of 2024, compared to 0.03% for the third quarter of 2023 and 0.08% for the linked second quarter of 2024.

    Nonperforming assets increased $41.3 million, or 247%, to $58.1 million as of September 30, 2024, versus $16.7 million as of September 30, 2023. On a linked quarter basis, nonperforming assets increased $427,000, or 1%, compared to $57.6 million as of June 30, 2024. The ratio of nonperforming assets to total assets at September 30, 2024 increased to 0.87% from 0.26% at September 30, 2023 and declined from 0.88% at June 30, 2024. The increase in nonperforming assets was primarily driven by the industrial borrower relationship referenced above.

    Total individually analyzed and watch list loans increased by $81.2 million, or 44%, to $267.6 million as of September 30, 2024, versus $186.4 million as of September 30, 2023. On a linked quarter basis, total individually analyzed and watch list loans decreased by $687,000, or less than 1%, from $268.3 million at June 30, 2024. Watch list loans as a percentage of total loans increased by 144 basis points to 5.27% at September 30, 2024, compared to 3.83% at September 30, 2023, and decreased by 4 basis points from 5.31% at June 30, 2024. The increase in individually analyzed and watch list loans between September 30, 2024 and September 30, 2023 was primarily driven by downgrades to four commercial relationships individually greater than $10.0 million, net of paydowns, payoffs and upgrades to other relationships.

    “Overall, we continue to observe stable economic conditions in our Lake City Bank footprint. The commencement of the Federal Reserve Bank easing cycle will provide some interest relief to variable rate borrowers, in particular for commercial real estate clients. We believe that loan demand could accelerate for our commercial and industrial sector if the Federal Reserve Bank takes additional easing actions,” stated Findlay.

    Noninterest Income

    The company’s noninterest income increased $1.1 million, or 10%, to $11.9 million for the third quarter of 2024, compared to $10.8 million for the third quarter of 2023. Wealth advisory fees increased $420,000, or 18%, driven by growth in customers and favorable market performance. Other income increased $429,000, or 72%, primarily from an improvement to income from the company’s limited partnership investments. Adjusted core noninterest income, a non-GAAP financial measure that excludes the effects of certain non-routine operating events, was $11.9 million for the third quarter of 2024, an increase of $1.1 million, or 10%, compared to $10.8 million for the third quarter of 2023.

    Noninterest income for the third quarter of 2024 decreased by $8.5 million, or 42%, on a linked quarter basis from $20.4 million during the second quarter of 2024. Second quarter noninterest income benefited from the net gain recognized on the exchange and partial redemption of the company’s Visa shares of $9.0 million. The company’s remaining Visa Class C shares were redeemed during the third quarter of 2024 for a net loss of $15,000. Offsetting this linked quarter decrease was an increase to other income of $333,000, or 48%, and an increase to bank owned life insurance income of $178,000, or 20%. Adjusted core noninterest income increased by $504,000, or 4%, compared to $11.4 million for the linked second quarter of 2024.

    Noninterest income increased by $12.3 million, or 38%, to $45.0 million for the nine months ended September 30, 2024, compared to $32.7 million for the prior year nine-month period. The increase in noninterest income was driven primarily by the net gain on Visa shares of $9.0 million. Additionally, other income increased $2.0 million, or 105%, wealth advisory fees increased $1.0 million, or 15%, bank owned life insurance income increased $601,000, or 25%, and mortgage banking income increased $252,000. Other income increased primarily due to improved performance from limited partnership investment income and the receipt of a $1.0 million insurance recovery related to the 2023 wire fraud loss. Improved market performance of the company’s variable bank owned life insurance policies, which are tied to the performance of the equity markets, drove the increase to bank owned life insurance income. Mortgage banking income increased from pipeline expansion and a related positive impact to mortgage rate lock income. Offsetting these increases was a decrease to interest rate swap fee income of $794,000, or 100%, due to no new swap fee activity during the period. Adjusted core noninterest income for the nine months ended September 30, 2024 was $35.0 million, an increase of $2.3 million, or 7%, compared to $32.7 million for the nine months ended September 30, 2023.

    “While not robust, we are pleased to report that revenue growth for the nine months ended September 30, 2024, was $8.9 million, or 5% as compared to the same period in 2023. Noninterest income, and in particular, wealth advisory fees are positively impacting the improvement in revenue,” stated Findlay. “It is rewarding to see this important part of the business growing and positively impacting revenue growth at the bank.”

    Noninterest Expense

    Noninterest expense increased $1.3 million, or 4%, to $30.4 million for the third quarter of 2024, compared to $29.1 million during the third quarter of 2023. Driving the third quarter 2024 increase to noninterest expense were increases to salaries and benefits expense of $499,000, or 3%, data processing fees and supplies expense of $389,000, or 12%, and corporate and business development expense of $168,000, or 14%, as compared to the third quarter of 2023. Adjusted core noninterest expense, a non-GAAP financial measure that excludes the effects of certain non-routine operating events, was $30.4 million for the third quarter of 2024, an increase of $1.3 million, or 4%, compared to $29.1 million for the third quarter of 2023.

    On a linked quarter basis, noninterest expense decreased by $2.9 million, or 9%, from $33.3 million during the second quarter of 2024. Other expense decreased by $3.6 million, or 58%, primarily due to the recognition of a $4.5 million legal accrual in the second quarter 2024. Offsetting the decrease to noninterest expense was an increase in salaries and employee benefits of $318,000, or 2%. Adjusted core noninterest expense increased by $1.6 million, or 6%, compared to $28.8 million for the linked second quarter of 2024.

    Noninterest expense decreased by $6.8 million, or 7%, for the nine months ended September 30, 2024 to $94.4 million compared to $101.3 million for the nine months ended September 30, 2023. The $18.1 million wire fraud loss recorded during the second quarter of 2023 was the primary driver of the decrease between these periods. Offsetting this decrease were increases to salaries and employee benefits expense of $6.1 million, or 14%, other expense of $3.2 million, or 41%, data processing fees of $1.1 million, or 11%, and professional fees of $391,000, or 6%. The increase to salaries and benefits expense resulted primarily from increases to salaries and wages of $2.3 million, performance-based incentive compensation of $2.2 million, health insurance expense of $695,000 and variable deferred compensation related to the company’s variable bank owned life insurance of $536,000. The increase for data processing fees resulted from continued investment in customer-facing and operational technology solutions. Professional fees increased due to higher costs to implement technology solutions. Adjusted core noninterest expense was $89.9 million for the nine months ended September 30, 2024, an increase of $4.8 million, or 6%, from $85.1 million recorded during the comparable period of 2023.

    The company’s efficiency ratio was 49.7% for the third quarter of 2024, compared to 49.1% for the third quarter of 2023 and 48.5% for the linked second quarter of 2024. The company’s adjusted core efficiency ratio, a non-GAAP measure that excludes the impact of certain non-routine operating events, was 49.7% for the third quarter of 2024, compared to 48.2% for the linked second quarter of 2024 and 49.1% for the third quarter of 2023.

    The company’s efficiency ratio was 49.7% for the nine months ended September 30, 2024, compared to 55.9% for the comparable period in 2023. The company’s adjusted core efficiency ratio was 50.0% for the nine months ended September 30, 2024, compared to 47.0% for the comparable period in 2023.

    Information regarding Lakeland Financial Corporation may be accessed on the home page of its subsidiary, Lake City Bank, at lakecitybank.com. The company’s common stock is traded on the Nasdaq Global Select Market under “LKFN.” Lake City Bank, a $6.6 billion bank headquartered in Warsaw, Indiana, was founded in 1872 and serves Central and Northern Indiana communities with 54 branch offices and a robust digital banking platform. Lake City Bank’s community banking model prioritizes building in-market long-term customer relationships while delivering technology-forward solutions for retail and commercial clients.

    This document contains, and future oral and written statements of the company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “continue,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. The company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain and, accordingly, the reader is cautioned not to place undue reliance on any forward-looking statements made by the company. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the company undertakes no obligation to update any statement in light of new information or future events. Numerous factors could cause the company’s actual results to differ from those reflected in forward-looking statements, including the effects of economic, business and market conditions and changes, particularly in our Indiana market area, including prevailing interest rates and the rate of inflation; governmental monetary and fiscal policies; the risks of changes in interest rates on the levels, composition and costs of deposits, loan demand and the values and liquidity of loan collateral, securities and other interest sensitive assets and liabilities; and changes in borrowers’ credit risks and payment behaviors, as well as those identified in the company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10-K and quarterly reports on Form 10-Q.

     
    LAKELAND FINANCIAL CORPORATION
    THIRD QUARTER 2024 FINANCIAL HIGHLIGHTS
     
      Three Months Ended   Nine Months Ended
    (Unaudited – Dollars in thousands, except per share data) September 30,   June 30,   September 30,   September 30,   September 30,
    END OF PERIOD BALANCES 2024   2024   2023   2024   2023
    Assets $ 6,645,371     $ 6,568,807     $ 6,426,844     $ 6,645,371     $ 6,426,844  
    Investments   1,147,806       1,123,803       1,105,026       1,147,806       1,105,026  
    Loans   5,081,990       5,052,341       4,870,965       5,081,990       4,870,965  
    Allowance for Credit Losses   83,627       80,711       72,105       83,627       72,105  
    Deposits   5,837,313       5,763,537       5,657,075       5,837,313       5,657,075  
    Brokered Deposits   96,504       161,040       177,430       96,504       177,430  
    Core Deposits (1)   5,740,809       5,602,497       5,479,645       5,740,809       5,479,645  
    Total Equity   699,181       654,590       557,184       699,181       557,184  
    Goodwill Net of Deferred Tax Assets   3,803       3,803       3,803       3,803       3,803  
    Tangible Common Equity (2)   695,378       650,787       553,381       695,378       553,381  
    Adjusted Tangible Common Equity (2)   832,813       820,534       780,756       832,813       780,756  
    AVERAGE BALANCES                  
    Total Assets $ 6,656,464     $ 6,642,954     $ 6,498,984     $ 6,618,102     $ 6,448,316  
    Earning Assets   6,329,287       6,295,281       6,145,894       6,280,677       6,103,538  
    Investments   1,128,705       1,118,776       1,171,426       1,135,304       1,210,540  
    Loans   5,064,348       5,034,851       4,849,758       5,023,556       4,791,431  
    Total Deposits   5,880,177       5,819,962       5,572,466       5,777,234       5,537,379  
    Interest Bearing Deposits   4,635,993       4,589,059       4,154,825       4,527,524       4,028,087  
    Interest Bearing Liabilities   4,649,745       4,666,136       4,382,380       4,616,129       4,246,648  
    Total Equity   670,160       638,999       592,510       651,457       594,063  
    INCOME STATEMENT DATA                  
    Net Interest Income $ 49,273     $ 48,296     $ 48,393     $ 144,985     $ 148,436  
    Net Interest Income-Fully Tax Equivalent   50,383       49,493       49,712       148,558       152,436  
    Provision for Credit Losses   3,059       8,480       400       13,059       5,550  
    Noninterest Income   11,917       20,439       10,835       44,968       32,650  
    Noninterest Expense   30,393       33,333       29,097       94,431       101,265  
    Net Income   23,338       22,549       25,252       69,288       64,141  
    Pretax Pre-Provision Earnings (2)   30,797       35,402       30,131       95,522       79,821  
    PER SHARE DATA                  
    Basic Net Income Per Common Share $ 0.91     $ 0.88     $ 0.99     $ 2.70     $ 2.51  
    Diluted Net Income Per Common Share   0.91       0.87       0.98       2.69       2.49  
    Cash Dividends Declared Per Common Share   0.48       0.48       0.46       1.44       1.38  
    Dividend Payout   52.75 %     55.17 %     46.94 %     53.53 %     36.95 %
    Book Value Per Common Share (equity per share issued) $ 27.22     $ 25.49     $ 21.75     $ 27.22     $ 21.75  
    Tangible Book Value Per Common Share (2)   27.07       25.34       21.60       27.07       21.60  
    Market Value – High $ 72.25     $ 66.62     $ 57.00     $ 73.22     $ 77.07  
    Market Value – Low   57.45       57.59       44.46       57.45       43.05  
                                           
                                           
      Three Months Ended   Nine Months Ended
    (Unaudited – Dollars in thousands, except per share data) September 30,   June 30,   September 30,   September 30,   September 30,
    PER SHARE DATA (continued) 2024   2024   2023   2024   2023
    Basic Weighted Average Common Shares Outstanding   25,684,407       25,678,231       25,613,456       25,673,275       25,601,493  
    Diluted Weighted Average Common Shares Outstanding   25,767,739       25,742,871       25,693,535       25,754,357       25,709,841  
    KEY RATIOS                  
    Return on Average Assets   1.39 %     1.37 %     1.54 %     1.40 %     1.33 %
    Return on Average Total Equity   13.85       14.19       16.91       14.21       14.44  
    Average Equity to Average Assets   10.07       9.62       9.12       9.84       9.21  
    Net Interest Margin   3.16       3.17       3.21       3.16       3.33  
    Efficiency (Noninterest Expense/Net Interest Income plus Noninterest Income)   49.67       48.49       49.13       49.71       55.92  
    Loans to Deposits   87.06       87.66       86.10       87.06       86.10  
    Investment Securities to Total Assets   17.27       17.11       17.19       17.27       17.19  
    Tier 1 Leverage (3)   12.18       11.98       11.64       12.18       11.64  
    Tier 1 Risk-Based Capital (3)   14.50       14.28       13.88       14.50       13.88  
    Common Equity Tier 1 (CET1) (3)   14.50       14.28       13.88       14.50       13.88  
    Total Capital (3)   15.75       15.53       15.13       15.75       15.13  
    Tangible Capital (2)   10.47       9.91       8.62       10.47       8.62  
    Adjusted Tangible Capital (2)   12.29       12.18       11.74       12.29       11.74  
    ASSET QUALITY                  
    Loans Past Due 30 – 89 Days $ 829     $ 1,615     $ 1,782     $ 829     $ 1,782  
    Loans Past Due 90 Days or More   95       26       19       95       19  
    Nonaccrual Loans   57,551       57,124       16,290       57,551       16,290  
    Nonperforming Loans   57,646       57,150       16,309       57,646       16,309  
    Other Real Estate Owned   384       384       384       384       384  
    Other Nonperforming Assets   21       90       45       21       45  
    Total Nonperforming Assets   58,051       57,624       16,738       58,051       16,738  
    Individually Analyzed Loans   77,654       78,533       16,739       77,654       16,739  
    Non-Individually Analyzed Watch List Loans   189,918       189,726       169,621       189,918       169,621  
    Total Individually Analyzed and Watch List Loans   267,572       268,259       186,360       267,572       186,360  
    Gross Charge Offs   231       1,076       480       1,811       6,766  
    Recoveries   88       127       127       407       715  
    Net Charge Offs/(Recoveries)   143       949       353       1,404       6,051  
    Net Charge Offs/(Recoveries) to Average Loans   0.01 %     0.08 %     0.03 %     0.04 %     0.17 %
    Credit Loss Reserve to Loans   1.65       1.60       1.48       1.65       1.48  
    Credit Loss Reserve to Nonperforming Loans   145.07       141.23       442.11       145.07       442.11  
    Nonperforming Loans to Loans   1.13       1.13       0.33       1.13       0.33  
    Nonperforming Assets to Assets   0.87       0.88       0.26       0.87       0.26  
    Total Individually Analyzed and Watch List Loans to Total Loans   5.27 %     5.31 %     3.83 %     5.27 %     3.83 %
                       
                       
      Three Months Ended   Nine Months Ended
    (Unaudited – Dollars in thousands, except per share data) September 30,   June 30,   September 30,   September 30,   September 30,
    PER SHARE DATA (continued) 2024   2024   2023   2024   2023
    OTHER DATA                  
    Full Time Equivalent Employees   639       653       614       639       614  
    Offices   54       53       53       54       53  

    ___________________
    (1)  Core deposits equals deposits less brokered deposits.
    (2)  Non-GAAP financial measure – see “Reconciliation of Non-GAAP Financial Measures”.
    (3)  Capital ratios for September 30, 2024 are preliminary until the Call Report is filed.

           
    CONSOLIDATED BALANCE SHEETS (in thousands, except share data)      
    ​ September 30,
    2024    		   December 31,
    2023
    ​ (Unaudited)   ​
    ASSETS      
    Cash and due from banks $ 86,785     $ 70,451  
    Short-term investments   73,405       81,373  
    Total cash and cash equivalents   160,190       151,824  
    ​      
    Securities available-for-sale, at fair value   1,016,649       1,051,728  
    Securities held-to-maturity, at amortized cost (fair value of $118,861 and $119,215, respectively)   131,157       129,918  
    Real estate mortgage loans held-for-sale   3,148       1,158  
    ​      
    Loans, net of allowance for credit losses of $83,627 and $71,972   4,998,363       4,844,562  
    ​      
    Land, premises and equipment, net   59,987       57,899  
    Bank owned life insurance   112,075       109,114  
    Federal Reserve and Federal Home Loan Bank stock   21,420       21,420  
    Accrued interest receivable   28,471       30,011  
    Goodwill   4,970       4,970  
    Other assets   108,941       121,425  
    Total assets $ 6,645,371     $ 6,524,029  
    ​      
    ​      
    LIABILITIES      
    Noninterest bearing deposits $ 1,284,527     $ 1,353,477  
    Interest bearing deposits   4,552,786       4,367,048  
    Total deposits   5,837,313       5,720,525  
           
    Federal Funds purchased   30,000       0  
    Federal Home Loan Bank advances   0       50,000  
    Total borrowings   30,000       50,000  
           
    Accrued interest payable   14,784       20,893  
    Other liabilities   64,093       82,818  
    Total liabilities   5,946,190       5,874,236  
    ​      
    STOCKHOLDERS’ EQUITY      
    Common stock: 90,000,000 shares authorized, no par value      
    25,974,017 shares issued and 25,506,084 outstanding as of September 30, 2024      
    25,903,686 shares issued and 25,430,566 outstanding as of December 31, 2023   128,346       127,692  
    Retained earnings   724,550       692,760  
    Accumulated other comprehensive income (loss)   (138,136 )     (155,195 )
    Treasury stock, at cost (467,933 shares and 473,120 shares as of September 30, 2024 and December 31, 2023, respectively)   (15,668 )     (15,553 )
    Total stockholders’ equity   699,092       649,704  
    Noncontrolling interest   89       89  
    Total equity   699,181       649,793  
    Total liabilities and equity $ 6,645,371     $ 6,524,029  
     
    CONSOLIDATED STATEMENTS OF INCOME (unaudited – in thousands, except share and per share data)
     
    ​ Three Months Ended September 30,   Nine Months Ended September 30,
    ​   2024       2023       2024       2023  
    NET INTEREST INCOME              
    Interest and fees on loans              
    Taxable $ 86,118     $ 78,910     $ 252,386     $ 223,499  
    Tax exempt   298       1,008       1,830       2,869  
    Interest and dividends on securities              
    Taxable   2,908       3,077       9,051       9,966  
    Tax exempt   3,921       4,023       11,800       12,387  
    Other interest income   1,773       1,605       4,721       3,604  
    Total interest income   95,018       88,623       279,788       252,325  
    ​ ​   ​   ​   ​
    Interest on deposits   45,556       37,108       131,083       95,637  
    Interest on short-term borrowings   189       3,122       3,720       8,252  
    Total interest expense   45,745       40,230       134,803       103,889  
    ​ ​   ​   ​   ​
    NET INTEREST INCOME   49,273       48,393       144,985       148,436  
    ​ ​   ​   ​   ​
    Provision for credit losses   3,059       400       13,059       5,550  
    ​ ​   ​   ​   ​
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   46,214       47,993       131,926       142,886  
    ​ ​   ​   ​   ​
    NONINTEREST INCOME              
    Wealth advisory fees   2,718       2,298       7,770       6,769  
    Investment brokerage fees   438       408       1,438       1,370  
    Service charges on deposit accounts   2,835       2,735       8,332       8,091  
    Loan and service fees   2,955       2,934       8,855       8,782  
    Merchant and interchange fee income   898       938       2,653       2,744  
    Bank owned life insurance income   1,068       1,009       2,994       2,393  
    Interest rate swap fee income   0       0       0       794  
    Mortgage banking income (loss)   (7 )     (50 )     68       (184 )
    Net securities gains (losses)   0       (35 )     (46 )     (16 )
    Net gain (loss) on Visa shares   (15 )     0       8,996       0  
    Other income   1,027       598       3,908       1,907  
    Total noninterest income   11,917       10,835       44,968       32,650  
    ​ ​   ​   ​   ​
    NONINTEREST EXPENSE              
    Salaries and employee benefits   16,476       15,977       49,467       43,414  
    Net occupancy expense   1,721       1,621       5,159       4,874  
    Equipment costs   1,452       1,325       4,207       4,189  
    Data processing fees and supplies   3,768       3,379       11,419       10,305  
    Corporate and business development   1,369       1,201       4,015       3,930  
    FDIC insurance and other regulatory fees   966       871       2,571       2,469  
    Professional fees   2,089       2,114       6,675       6,284  
    Wire fraud loss   0       0       0       18,058  
    Other expense   2,552       2,609       10,918       7,742  
    Total noninterest expense   30,393       29,097       94,431       101,265  
    ​ ​   ​   ​   ​
    INCOME BEFORE INCOME TAX EXPENSE   27,738       29,731       82,463       74,271  
    Income tax expense   4,400       4,479       13,175       10,130  
    NET INCOME $ 23,338     $ 25,252     $ 69,288     $ 64,141  
    ​ ​   ​   ​   ​
    BASIC WEIGHTED AVERAGE COMMON SHARES   25,684,407       25,613,456       25,673,275       25,601,493  
    ​ ​   ​   ​   ​
    BASIC EARNINGS PER COMMON SHARE $ 0.91     $ 0.99     $ 2.70     $ 2.51  
    ​              
    DILUTED WEIGHTED AVERAGE COMMON SHARES   25,767,739       25,693,535       25,754,357       25,709,841  
    ​              
    DILUTED EARNINGS PER COMMON SHARE $ 0.91     $ 0.98     $ 2.69     $ 2.49  
     
    LAKELAND FINANCIAL CORPORATION
    LOAN DETAIL
    (unaudited, in thousands)
     
      September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
    Commercial and industrial loans:                      
    Working capital lines of credit loans $ 678,079     13.3 %   $ 697,754     13.8 %   $ 589,345     12.1 %
    Non-working capital loans   814,804     16.0       828,523     16.4       812,875     16.7  
    Total commercial and industrial loans   1,492,883     29.3       1,526,277     30.2       1,402,220     28.8  
              ​            
    Commercial real estate and multi-family residential loans:                      
    Construction and land development loans   729,293     14.3       658,345     13.0       633,920     13.0  
    Owner occupied loans   810,453     15.9       830,018     16.4       811,175     16.6  
    Nonowner occupied loans   766,821     15.1       762,365     15.1       740,783     15.2  
    Multifamily loans   243,283     4.8       252,652     5.0       236,581     4.8  
    Total commercial real estate and multi-family residential loans   2,549,850     50.1       2,503,380     49.5       2,422,459     49.6  
              ​            
    Agri-business and agricultural loans:                      
    Loans secured by farmland   157,413     3.1       161,410     3.2       183,241     3.8  
    Loans for agricultural production   200,971     4.0       199,654     4.0       197,287     4.0  
    Total agri-business and agricultural loans   358,384     7.1       361,064     7.2       380,528     7.8  
              ​            
    Other commercial loans   94,309     1.9       96,703     1.9       125,939     2.6  
    Total commercial loans   4,495,426     88.4       4,487,424     88.8       4,331,146     88.8  
              ​            
    Consumer 1-4 family mortgage loans:                      
    Closed end first mortgage loans   261,462     5.1       259,094     5.1       247,114     5.1  
    Open end and junior lien loans   210,275     4.1       197,861     3.9       189,611     3.9  
    Residential construction and land development loans   14,200     0.3       12,952     0.3       12,888     0.3  
    Total consumer 1-4 family mortgage loans   485,937     9.5       469,907     9.3       449,613     9.3  
      ​       ​            
    Other consumer loans   103,547     2.1       97,895     1.9       93,737     1.9  
    Total consumer loans   589,484     11.6       567,802     11.2       543,350     11.2  
    Subtotal   5,084,910     100.0 %     5,055,226     100.0 %     4,874,496     100.0 %
    Less:  Allowance for credit losses   (83,627 )         (80,711 )   ​     (72,105 )   ​
        Net deferred loan fees   (2,920 )         (2,885 )   ​     (3,531 )   ​
    Loans, net $ 4,998,363         $ 4,971,630     ​   $ 4,798,860     ​
     
    LAKELAND FINANCIAL CORPORATION
    DEPOSITS AND BORROWINGS
    (unaudited, in thousands)
     
      September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
    Noninterest bearing demand deposits $ 1,284,527   $ 1,212,989   $ 1,377,650
    Savings and transaction accounts:          
    Savings deposits   276,468     283,809     315,651
    Interest bearing demand deposits   3,273,405     3,274,179     2,891,683
    Time deposits:          
    Deposits of $100,000 or more   787,095     776,314     756,107
    Other time deposits   215,818     216,246     315,984
    Total deposits $ 5,837,313   $ 5,763,537   $ 5,657,075
    FHLB advances and other borrowings   30,000     55,000     90,000
    Total funding sources $ 5,867,313   $ 5,818,537   $ 5,747,075
     
    LAKELAND FINANCIAL CORPORATION
    AVERAGE BALANCE SHEET AND NET INTEREST ANALYSIS
    (UNAUDITED)
     
        Three Months Ended September 30, 2024   Three Months Ended June 30, 2024   Three Months Ended September 30, 2023
    (fully tax equivalent basis, dollars in thousands)   Average
    Balance    		   Interest
    Income    		   Yield (1)/
    Rate    		   Average
    Balance    		   Interest
    Income    		   Yield (1)/
    Rate    		   Average
    Balance    		   Interest
    Income    		   Yield (1)/
    Rate
    Earning Assets                                    
    Loans:                                    
    Taxable (2)(3)   $ 5,037,855     $ 86,118   6.80 %   $ 4,993,270     $ 84,226   6.78 %   $ 4,791,156     $ 78,910   6.53 %
    Tax exempt (1)     26,493       366   5.50       41,581       783   7.57       58,602       1,258   8.52  
    Investments: (1)                                    
    Securities     1,128,705       7,871   2.77       1,118,776       8,082   2.91       1,171,426       8,169   2.77  
    Short-term investments     2,841       35   4.90       2,836       35   4.96       2,533       29   4.54  
    Interest bearing deposits     133,393       1,738   5.18       138,818       1,807   5.24       122,177       1,576   5.12  
    Total earning assets   $ 6,329,287     $ 96,128   6.04 %   $ 6,295,281     $ 94,933   6.07 %   $ 6,145,894     $ 89,942   5.81 %
    Less:  Allowance for credit losses     (81,353 )             (74,166 )             (71,997 )        
    Nonearning Assets                                    
    Cash and due from banks     63,744               64,518               68,669          
    Premises and equipment     59,493               58,702               58,782          
    Other nonearning assets     285,293               298,619               297,636          
    Total assets   $ 6,656,464             $ 6,642,954             $ 6,498,984          
                                         
    Interest Bearing Liabilities                                    
    Savings deposits   $ 280,180     $ 45   0.06 %   $ 289,107     $ 48   0.07 %   $ 329,557     $ 57   0.07 %
    Interest bearing checking accounts     3,295,911       33,822   4.08       3,275,502       33,323   4.09       2,873,795       27,891   3.85  
    Time deposits:                                    
    In denominations under $100,000     215,020       1,914   3.54       217,146       1,871   3.47       211,039       1,507   2.83  
    In denominations over $100,000     844,882       9,775   4.60       807,304       9,121   4.54       740,434       7,654   4.10  
    Miscellaneous short-term borrowings     13,752       189   5.48       77,077       1,077   5.62       227,555       3,121   5.44  
    Total interest bearing liabilities   $ 4,649,745     $ 45,745   3.91 %   $ 4,666,136     $ 45,440   3.92 %   $ 4,382,380     $ 40,230   3.64 %
    Noninterest Bearing Liabilities                                    
    Demand deposits     1,244,184               1,230,903               1,417,641          
    Other liabilities     92,375               106,916               106,453          
    Stockholders’ Equity     670,160               638,999               592,510          
    Total liabilities and stockholders’ equity   $ 6,656,464             $ 6,642,954             $ 6,498,984          
    Interest Margin Recap                                    
    Interest income/average earning assets         96,128   6.04 %         94,933   6.07 %         89,942   5.81 %
    Interest expense/average earning assets         45,745   2.88           45,440   2.90           40,230   2.60  
    Net interest income and margin       $ 50,383   3.16 %       $ 49,493   3.17 %       $ 49,712   3.21 %
                                                     

    (1)  Tax exempt income was converted to a fully taxable equivalent basis at a 21 percent tax rate. The tax equivalent rate for tax exempt loans and tax exempt securities acquired after January 1, 1983, included the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”) adjustment applicable to nondeductible interest expenses. Taxable equivalent basis adjustments were $1.11 million, $1.20 million and $1.32 million in the three-month periods ended September 30, 2024, June 30, 2024, and September 30, 2023, respectively.
    (2)  Loan fees, which are immaterial in relation to total taxable loan interest income for the three months ended September 30, 2024, June 30, 2024, and September 30, 2023, are included as taxable loan interest income.
    (3)  Nonaccrual loans are included in the average balance of taxable loans.

    Reconciliation of Non-GAAP Financial Measures

    Tangible common equity, adjusted tangible common equity, tangible assets, adjusted tangible assets, tangible book value per common share, tangible common equity to tangible assets, adjusted tangible common equity to adjusted tangible assets, and pretax pre-provision earnings are non-GAAP financial measures calculated based on GAAP amounts. Tangible common equity is calculated by excluding the balance of goodwill and other intangible assets from the calculation of equity, net of deferred tax. Tangible assets are calculated by excluding the balance of goodwill and other intangible assets from the calculation of total assets, net of deferred tax. Adjusted tangible assets and adjusted tangible common equity remove the fair market value adjustment impact of the available-for-sale investment securities portfolio in accumulated other comprehensive income (loss) (“AOCI”). Tangible book value per common share is calculated by dividing tangible common equity by the number of shares outstanding less true treasury stock. Pretax pre-provision earnings is calculated by adding net interest income to noninterest income and subtracting noninterest expense. Because not all companies use the same calculation of tangible common equity and tangible assets, this presentation may not be comparable to other similarly titled measures calculated by other companies. However, management considers these measures of the company’s value meaningful to understanding of the company’s financial information and performance.

    A reconciliation of these non-GAAP financial measures is provided below (dollars in thousands, except per share data).

      Three Months Ended   Nine Months Ended
      Sep. 30, 2024   Jun. 30, 2024   Sep. 30, 2023   Sep. 30, 2024   Sep. 30, 2023
    Total Equity $ 699,181     $ 654,590     $ 557,184     $ 699,181     $ 557,184  
    Less: Goodwill   (4,970 )     (4,970 )     (4,970 )     (4,970 )     (4,970 )
    Plus: DTA Related to Goodwill   1,167       1,167       1,167       1,167       1,167  
    Tangible Common Equity   695,378       650,787       553,381       695,378       553,381  
    Market Value Adjustment in AOCI   137,435       169,747       227,375       137,435       227,375  
    Adjusted Tangible Common Equity   832,813       820,534       780,756       832,813       780,756  
                       
    Assets $ 6,645,371     $ 6,568,807     $ 6,426,844     $ 6,645,371     $ 6,426,844  
    Less: Goodwill   (4,970 )     (4,970 )     (4,970 )     (4,970 )     (4,970 )
    Plus: DTA Related to Goodwill   1,167       1,167       1,167       1,167       1,167  
    Tangible Assets   6,641,568       6,565,004       6,423,041       6,641,568       6,423,041  
    Market Value Adjustment in AOCI   137,435       169,747       227,375       137,435       227,375  
    Adjusted Tangible Assets   6,779,003       6,734,751       6,650,416       6,779,003       6,650,416  
                       
    Ending Common Shares Issued   25,684,916       25,679,066       25,614,163       25,684,916       25,614,163  
                       
    Tangible Book Value Per Common Share $ 27.07     $ 25.34     $ 21.60     $ 27.07     $ 21.60  
                       
    Tangible Common Equity/Tangible Assets   10.47 %     9.91 %     8.62 %     10.47 %     8.62 %
    Adjusted Tangible Common Equity/Adjusted Tangible Assets   12.29 %     12.18 %     11.74 %     12.29 %     11.74 %
                       
    Net Interest Income $ 49,273     $ 48,296     $ 48,393     $ 144,985     $ 148,436  
    Plus:  Noninterest Income   11,917       20,439       10,835       44,968       32,650  
    Minus:  Noninterest Expense   (30,393 )     (33,333 )     (29,097 )     (94,431 )     (101,265 )
                       
    Pretax Pre-Provision Earnings $ 30,797     $ 35,402     $ 30,131     $ 95,522     $ 79,821  
                                           

    Adjusted core noninterest income, adjusted core noninterest expense, adjusted earnings before income taxes, core operational profitability, core operational diluted earnings per common share and adjusted core efficiency ratio are non-GAAP financial measures calculated based on GAAP amounts. These adjusted amounts are calculated by excluding the impact of the net gain on Visa shares, legal accrual, and wire fraud loss and associated insurance and loss recoveries and adjustments to salaries and employee benefits expense for the periods presented below. Management considers these measures of financial performance to be meaningful to understanding the company’s core business performance for these periods.

    A reconciliation of these non-GAAP financial measures is provided below (dollars in thousands, except per share data).

      Three Months Ended   Nine Months Ended
      Sep. 30, 2024   Jun. 30, 2024   Sep. 30, 2023   Sep. 30, 2024   Sep. 30, 2023
    Noninterest Income $ 11,917     $ 20,439     $ 10,835     $ 44,968     $ 32,650  
    Less: Net (Gain) Loss on Visa Shares   15       (9,011 )     0       (8,996 )     0  
    Less: Insurance Recoveries   0       0       0       (1,000 )     0  
    Adjusted Core Noninterest Income $ 11,932     $ 11,428     $ 10,835     $ 34,972     $ 32,650  
                       
    Noninterest Expense $ 30,393     $ 33,333     $ 29,097     $ 94,431     $ 101,265  
    Less: Legal Accrual   0       (4,537 )     0       (4,537 )     0  
    Less: Wire Fraud Loss   0       0       0       0       (18,058 )
    Plus: Salaries and Employee Benefits (1)   0       0       0       0       1,850  
    Adjusted Core Noninterest Expense $ 30,393     $ 28,796     $ 29,097     $ 89,894     $ 85,057  
                       
    Earnings Before Income Taxes $ 27,738     $ 26,922     $ 29,731     $ 82,463     $ 74,271  
    Adjusted Core Impact:                  
    Noninterest Income   15       (9,011 )     0       (9,996 )     0  
    Noninterest Expense   0       4,537       0       4,537       16,208  
    Total Adjusted Core Impact   15       (4,474 )     0       (5,459 )     16,208  
    Adjusted Earnings Before Income Taxes   27,753       22,448       29,731       77,004       90,479  
    Tax Effect   (4,404 )     (3,261 )     (4,479 )     (11,817 )     (14,123 )
    Core Operational Profitability (2) $ 23,349     $ 19,187     $ 25,252     $ 65,187     $ 76,356  
                       
    Diluted Earnings Per Common Share $ 0.91     $ 0.87     $ 0.98     $ 2.69     $ 2.49  
    Impact of Adjusted Core Items   0.00       (0.13 )     0.00       (0.16 )     0.48  
    Core Operational Diluted Earnings Per Common Share $ 0.91     $ 0.74     $ 0.98     $ 2.53     $ 2.97  
                       
    Adjusted Core Efficiency Ratio   49.66 %     48.22 %     49.13 %     49.95 %     46.97 %
                                           

    (1)  In 2023, long-term, incentive-based compensation accruals were reduced as a result of the wire fraud loss and associated insurance and loss recoveries.
    (2)  Core operational profitability was $11,000 higher and $3.4 million lower than reported net income for the three months ended September 30, 2024 and June 30, 2024, respectively. Core operational profitability was $4.1 million lower and $12.2 million higher than reported net income for the nine months ended September 30, 2024 and 2023, respectively.

    Contact
    Lisa M. O’Neill
    Executive Vice President and Chief Financial Officer
    (574) 267-9125
    lisa.oneill@lakecitybank.com

    The MIL Network –

  • MIL-OSI Economics: AGNICO EAGLE ANNOUNCES INVESTMENT IN ATEX RESOURCES INC.

    Source: Agnico Eagle Mines

    Stock Symbol: AEM (NYSE and TSX)

    TORONTO, Oct. 25, 2024 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has agreed to subscribe for 33,869,939 units (“Units”) of ATEX Resources Inc. (TSXV: ATX) (“ATEX”) in a non-brokered private placement at a price of C$1.63 per Unit for total consideration of US$40,000,000 (approximately C$55,208,000). Each Unit is comprised of one common share of ATEX (a “Common Share”) and one-half of one common share purchase warrant of ATEX (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of C$2.50 for a period of five years following the closing date of the private placement, subject to acceleration in certain circumstances. Closing is expected to occur on or about October 30, 2024 and is subject to certain conditions.

    The investment in ATEX is consistent with Agnico Eagle’s historical practice of strategic equity investments in projects with high geological potential. It provides Agnico Eagle with exposure to an early stage, copper-gold exploration project in Chile, an established mining jurisdiction. The Company continues to focus on its portfolio of high-quality internal growth projects, and complements its pipeline of projects with a strategy of acquiring strategic toehold positions in prospective opportunities.

    Agnico Eagle does not currently own any Common Shares or Warrants. On closing of the private placement, and after giving effect to two other share issuance transactions to be completed by ATEX concurrently with the private placement, Agnico Eagle will own 33,869,939 Common Shares and 16,934,969 Warrants, representing approximately 13.21% of the issued and outstanding Common Shares on a non-diluted basis and approximately 18.59% of the Common Shares on a partially-diluted basis, assuming exercise of the Warrants held by Agnico Eagle.

    On the closing of the private placement, Agnico Eagle and ATEX will enter into an investor rights agreement, pursuant to which Agnico Eagle will be granted certain rights, provided Agnico Eagle maintains certain ownership thresholds in ATEX, including: (a) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership in ATEX at the time of such financing or acquire up to a 19.99% ownership interest, on a partially-diluted basis, in ATEX; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of ATEX to ten or more directors, two persons) to the board of directors of ATEX.

    Agnico Eagle is acquiring the Common Shares and Warrants for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, common share purchase warrants or other securities of ATEX or dispose of some or all of the Common Shares, Warrants or other securities of ATEX that it owns at such time.

    An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

    Agnico Eagle Mines Limited
    c/o Investor Relations
    145 King Street East, Suite 400
    Toronto, Ontario M5C 2Y7
    Telephone: 416-947-1212
    Email: investor.relations@agnicoeagle.com

    Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. ATEX’s head office is located at 50 Richmond Street East, Toronto, Ontario  M5C 1N7.

    About Agnico Eagle

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Forward-Looking Statements

    The information in this news release has been prepared as at October 25, 2024. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “may”, “will” or similar terms.

    Forward-looking statements in this news release include, without limitation, statements relating to the expected closing date of the Transaction, Agnico Eagle’s ownership interest in ATEX upon closing of the private placement, Agnico Eagle’s acquisition or disposition of securities of ATEX in the future and the terms of the investor rights agreement.

    Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

    View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-announces-investment-in-atex-resources-inc-302286914.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics –

  • MIL-OSI Global: Mozambique’s 2024 elections: 9 major challenges that will face the new president

    Source: The Conversation – Africa – By David Matsinhe, Losophone Research Specialist/Adjunct Professor in African Studies, Carleton University

    Daniel Chapo, Mozambique’s incoming president, faces an array of interconnected problems deeply rooted in historical, socioeconomic, and political dynamics.

    Chapo (47), comes from Frelimo, the former liberation movemen which has been in power since independence in 1975. He must balance meeting immediate needs with long-term structural change.

    Can the resource-rich but impoverished nation of 35 million expect a redirection of policies and strategies under Chapo to address its multifaceted crises?

    Chapo was born after independence and promises to act with integrity. But the old guard placed him in power to protect and promote their interests.

    Mozambique’s crises stem largely from systemic corruption under Frelimo. It has prioritised political elites over national welfare. Its decades of mismanagement, embezzlement and patronage have left institutions weak and unable to address pressing social and economic issues.

    The country is fragmented. The government has neglected the development of inclusive, accountable governance and equitable infrastructure. Regional disparities are the result. This is especially so in Cabo Delgado province, where disenfranchised citizens have become vulnerable to extremist groups.

    This lack of unity and long-term planning has created a fragile state unable to withstand mounting internal and external pressures.

    As a Mozambican social scientist and human rights specialist, I have spent my adult life wrestling with my country’s complex economic, social, cultural and political dynamics.



    Read more:
    9 million Mozambicans live below the poverty line – what’s wrong with the national budget and how to fix it

    Mozambique stands at a critical point. The new president must confront the deep-rooted challenges with determination and comprehensive reforms.

    In my view, the new leader faces nine key challenges. These are a deep economic crisis, an Islamic insurgency in the north, climate change, drug trafficking, unemployment, corruption, poor infrastructure, kidnappings and unpaid public sector salaries.

    Economic crisis

    Mozambique’s economy has deteriorated, primarily because of structural imbalances and a dependence on extractive industries. GDP growth has declined sharply, from 7% in 2014 to 1.8% in 2023.

    Slower growth has resulted in over 62% of Mozambicans living in poverty.

    A public debt crisis was worsened by the “hidden debt scandal”: the discovery in 2016 of US$2 billion in previously undisclosed debts the government had guaranteed without the knowledge of parliament.

    This has limited the state’s capacity to invest in education, health and sanitation.

    Economic revival must be accompanied by targeted interventions to promote inclusive growth. All Mozambicans must benefit from economic activities to alleviate poverty.

    Insurgency

    Since 2017, extremist groups have used local grievances and regional disenfranchisement to destabilise northern Mozambique. Over 4,000 people have died. Nearly a million have been displaced.

    The conflict is rooted in socio-economic inequalities, made worse by the extraction of natural gas and rubies. Global and local actors compete for control.

    The new president’s role in mediating this crisis requires nuance. He must address the historical marginalisation of Cabo Delgado while balancing military and developmental responses.



    Read more:
    Between state and mosque: new book explores the turbulent history of Islamic politics in Mozambique

    He must also write a new chapter in the country’s deplorable human rights record. This is marked by widespread violations of the right to life, physical integrity, freedom from arbitrary detention, and freedoms of expression, assembly and the press.

    Climate change crisis

    Climate change intersects with Mozambique’s vulnerabilities. The country has been repeatedly struck by increasingly devastating severe cyclones, such as Idai and Kenneth in 2019.

    Deforestation has made it more fragile, reducing its capacity to mitigate flood and erosion risks.

    The new president will need to put in place policies that incorporate mitigation and adaptation strategies. He will also need to secure multilateral cooperation.

    Drug trafficking

    Drug trafficking networks have entrenched themselves. Porous borders, weak governance structures and endemic corruption have made Mozambique a corridor for heroin and cocaine trafficking.

    The United Nations Office on Drugs and Crime estimates that US$100 million worth of heroin passes through Mozambique annually. This fuels informal economies that sustain political patronage networks.

    Tackling the problem requires stronger state institutions. It also requires regional and global collaboration to disrupt the transnational flow of narcotics.

    Unemployment

    Joblessness stands at over 70%, affecting youth in particular. Youth disenfranchisement risks perpetuating cycles of poverty, social instability and potential radicalisation.

    Policies promoting vocational training and entrepreneurship are essential. So is investment in labour-intensive sectors, such as agriculture and manufacturing.

    Corruption

    Pervasive corruption erodes public trust and stifles economic innovation. New efforts to combat corruption must go beyond superficial reforms. They must uproot the power structures that sustain these systems.

    Poor infrastructure

    Infrastructure is in disrepair. Urban roads are crumbling, public services are inadequate and electricity blackouts are frequent. Rural regions lack basic services such as clean water and healthcare.

    The next president will need to launch an ambitious infrastructure overhaul to improve living conditions and stimulate economic growth.

    Kidnappings

    Kidnappings, especially targeting the wealthy and business people, have created widespread fear and instability. The crime disrupts business operations and deters foreign investment, further harming economic growth.

    The high-profile nature of kidnappings suggests collusion between criminal networks and law enforcement as well as inefficiencies in the justice system.

    The persistence of kidnappings reflects broader governance issues. These include limited state capacity to respond effectively to organised crime.

    Unpaid public servants

    Delays in salary payments for public servants have worsened economic and social problems. The delays reduce public workers’ purchasing power. This has affected household consumption and local economies.

    Morale among employees is sapped, harming productivity and eroding trust in government institutions.



    Read more:
    Mozambique’s transgender history is on display in a powerful photo exhibition

    The new president must make public sector reforms. This includes auditing finances, improving revenue collection, enforcing fiscal discipline, promoting merit-based appointments, implementing probity laws, strengthening anti-corruption bodies, and diversifying the economy.

    The future of Mozambique rests on the ability of its next leader to address these profound and intertwined crises. It’s a huge task.

    Whoever it is will have to break from the Frelimo mould, reverse the damage done and set the country on a new path of clean governance, peace and inclusive economic growth.

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

    – ref. Mozambique’s 2024 elections: 9 major challenges that will face the new president – https://theconversation.com/mozambiques-2024-elections-9-major-challenges-that-will-face-the-new-president-240923

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: How effective merger control drives economic growth and innovation

    Source: United Kingdom – Executive Government & Departments

    A speech by Joel Bamford, the CMA’s Executive Director for Mergers, delivered at the City & Financial Global M&A Summit 2024.

    Location:
    City & Financial Global M&A Summit 2024, London
    Delivered on:
    (Speaker’s notes, may differ from delivered version)

    Introduction

    I’ll begin by saying a bit about my career up until this point.

    I started out as a consultant, had a varied career in government both in the UK and overseas, went back to consultancy, and then I came back to the public sector in my current role – to oversee the UK’s merger control regime, and as a member of the CMA board. I’ve advised some of the largest companies on the globe through some of the biggest mergers and acquisitions (M&A) deals, with both positive and negative outcomes for those clients.

    I’d like to start with the CMA’s purpose. We help people, businesses and the UK economy by promoting competitive markets and tackling unfair behaviour.

    Supporting growth is absolutely central to this purpose: creating a competitive environment which drives forward the innovation, investment and productivity our economy needs to grow. We’ve made that even more explicit over the last few years, as you’ll see from our overarching strategy, as well as our recent annual plans and annual reports.

    Where does merger control fit into this?

    Merger control is one of our tools to deliver the CMA’s purpose, and this is what I will focus on in this speech.

    I am old enough to have worked for the last Labour government while in the Civil Service, and it was that government which gave the CMA (then the Office for Fair Trading and the Competition Commission) its current legislative basis for the UK merger control regime – the Enterprise Act in 2002.

    The intent behind the legislation was and is very much about the real-world impact of economic activity, and that for a vibrant growing economy you need markets to remain competitive.

    I’ll read out a quote from the policy document accompanying the 2002 legislation: “Vigorous competition between firms is the lifeblood of strong and effective markets. Competition helps consumers get a good deal. It encourages firms to innovate by reducing slack, putting downward pressure on costs and providing incentives for the efficient organisation of production. As such, competition is a central driver for productivity growth in the economy, and hence the UK’s international competitiveness”.

    I’ll unpack 2 key points from this. This is largely well-established stuff, but it is worth revisiting.

    The contribution of competition to economic growth

    Economic theory and history show that where competition is stronger, productivity and wage growth are likely to be higher. That link between competition and productivity has been empirically established again and again at country and sector level. The CMA’s own review of the relationship between competition and productivity also identified competitive pressure as a key driver behind firm-level efficiency and innovation.

    Effective competition protects consumers from higher prices and lower quality goods and services. It facilitates a level playing field – so that businesses large and small can thrive. Competition from other players in the market is a motivating force, incentivising others to be more productive, innovate, and grow.

    So, with innovation and productivity at the heart of economic growth, enabling a competitive environment (for sectors, industries, products and services) supports that growth effort.

    The impact of open and competitive markets on investment incentives

    Access to competitive markets – where companies can compete to win market share – is also appealing for investors. As Sarah Cardell, CMA CEO, said in a speech earlier this year in the US: “in promoting competitive markets, we advance the interests of fair-dealing companies serving UK markets, and advance the interests of investors seeking to make a fair return on their capital by doing business in the UK.”

    And even more recently our Chair, Marcus Bokkerink reflected on last week’s government investment summit and how the UK can drive growth that lasts. He set out that it relies upon 3 fundamental ingredients working together:

    • ensuring that people have choice, an alternative, when they buy/use a product/service

    • competition – that in any market all innovating businesses get a fair shot at competing

    • open markets – maintaining a level playing field for all investors

    Focusing on that last point about keeping markets open to investors: across the economy, whenever the CMA has stepped in to keep markets open by preventing attempts to lock out competing investors through anti-competitive mergers, cartels or abuses of dominance, we have seen new investment flow in – from healthcare and pharmaceuticals to construction and railway equipment. This is because investors deserve to have confidence that there’s a level playing field for the businesses they back to succeed on the merits.

    Amazingly for me, I’ve gotten this far through my speech without quoting numbers at you – after all, I am an economist and mathematician who used to provide several ministers, and businesses large and small, with evidence and numbers!

    In all seriousness, the CMA does very consciously consider, analyse, and report on the direct financial impact of our work for the UK, across all our tools including mergers. We know this value for money matters. We estimate that our decisions on mergers have put £685 million per year over the last 3 years back into consumers’ pockets. And this is just the direct effect of merger control – so not including the indirect impact on productivity, growth and innovation in the economy as a whole.

    And given my role on the CMA board, I do not have a myopic focus on mergers. Beyond mergers, across the whole of the CMA’s work, the CMA has delivered at least £20.3bn of direct financial benefits back to UK consumers over the last 10 years. Over the last 3 years, for every £1 the CMA spent on operation costs, the average benefit to consumers was £23.

    Let me take you through an example of where competition contributes to growth and positive outcomes for consumers and businesses: the CMA’s investigation into the Experian/Clearscore merger, which actually inspired the co-founder and current CEO of the business to join the CMA’s board.

    In 2019, the proposed merger of Experian and Clearscore was abandoned following the CMA’s phase 2 provisional findings, where we found that the merger could stifle product development and negatively impact consumers. Clearscore returned to plan A of their business model – to grow as an independent UK based business – and now Clearscore serves over 21 million users on 4 continents. They have continued to innovate for users, launching new products and integrating open banking data into their product, among other changes.

    If the proposed takeover had gone ahead, the combined entity would not have faced the same competitive incentives as both Experian and Clearscore do today. This may have meant customers never benefited from the range of innovative and high-quality products that were subsequently developed.

    And it isn’t just consumer-facing markets that matter. Ensuring that competition remains vigorous in the production of important inputs – which businesses then use in a variety of settings – is vital. This helps their business customers themselves increase productivity and grow.

    A notable example on the CMA side is the global remedy agreed in relation to a merger which involved chemical additives for concrete. In respect of this important construction input, innovation (while not as glamorous as tech markets), is fundamental to improvements in building techniques and the construction of large infrastructure projects.

    That is why the remedy the CMA agreed to not only included UK production and warehousing facilities, but also had research and development (R&D) capabilities at its heart. I worked on that one for the companies themselves, and saw first-hand the openness and flexibility of process from the CMA, as well as the rigour with which they approached the task of ensuring innovation was protected; leading to greater productivity and growth, for not just the companies themselves but also for their important infrastructure customers.

    Merger control in 2024

    Now, our key mergers legislation came into force in 2002 and the CMA was formed in 2014 – so where are we in 2024 and what has changed?

    I will focus on 2 areas:

    • how we assess the substance of a deal – an approach rooted in the real-world dynamics of a market
    • the process we use, and how we interact with companies – utilising predictability, openness and an organisation which learns and adapts

    Assessing the substance of a deal

    First, the assessment of the substance of a deal – and it is important to note this assessment follows the legal test as set out in the Act.

    The focus of the substantive assessment of any deal is whether it is more likely than not to lead to a substantial lessening of competition in a market in the UK. Let’s pick that apart a little:

    First, the CMA needs to be of the view that competition concerns arising from the deal are more likely than not to occur – that is a high bar, not something you decide without significant evidence (which I will turn to later).

    Second, any likely reduction in competition needs to be ‘substantial’, that means not small and trivial but real and impactful, another high bar.

    Third, the test is focused on competition, not competitors – a subtle difference, but one that means the legal test is designed not to result in picking individual winners but making sure the market stays open to competition wherever it comes from.

    And finally, the focus of the assessment is on the market in the UK. This is to ensure people in the UK benefit from the positive outcomes of competition; and investors have the confidence in UK markets remaining open. And, of course, in a world of global markets that means not just focusing on UK companies but all companies who operate in the UK. This is why Parliament entrusted the CMA ‘to promote competition, both within and outside the United Kingdom, for the benefit of consumers’ (Enterprise and Regulatory Reform Act 2013, s25(3)).

    In terms of how we consider evidence and come to conclusions, it is worth noting that the CMA conducts a forward-looking assessment – where evidence of past practice is clearly relevant, but so is evidence of what is likely to happen in the coming years.

    We focus on how markets work in practice and what form competition takes on a day-to-day basis. This can be direct sales or bidding competition but can also mean looking at how companies compete to innovate in a dynamic market and where potential future developments from one company drive the business strategy of other companies.

    When it comes to investigating cases – no matter what form competition takes – the CMA’s approach is to engage, listen, and gather a range of evidence, use tested and principled frameworks and approaches, and arrive at well-reasoned, well-evidenced conclusions. This is what gives the UK regime the certainty and transparency it has been recognised for around the world, which we know matters to businesses and investors alike.

    Evidence from the business themselves is absolutely key to our assessment. The number of company strategy documents I have read in my time reviewing mergers is mind-boggling. But if you truly want to know what drives a company to produce better products at cheaper prices, it is vital you look at what they are talking about internally and, of course, hear from the businesspeople themselves.

    Evidence from a range of others with knowledge of the dynamics of the market is also vital, such as customers, competitors, industry bodies. We gather this evidence proactively through face-to-face discussions (or via Teams nowadays!), information requests, and of course we welcome incoming information. In fact, we have several points in our process where we publish invitations to comment and the current thinking on our investigations. This information from others in the market is vital to ensure we get a rounded picture of how competition works and the impact a deal might have. Often we get highly informative responses from customers who have heard about the deal.

    Having brought in this wide range of perspectives and evidence, and engaged with multiple parties, we test it thoroughly. We look at the type of evidence, its relevance, and also consider the incentives of the people supplying the information. When advising clients, I was always very clear that the only way to land an argument before the CMA was to back it up with evidence they could rely upon. There’s often considerable pressure on the parties to make the strongest case possible but that’s ultimately counter-productive if the evidence doesn’t stack up, which we do sometimes see down the line.

    On the conclusions that we come to after assessing the substance of the deal – it is worth reflecting on the real-world outcomes – what does the CMA actually do in practice?

    I need to be very clear that just because the CMA finds concerns with a deal, that doesn’t mean it can’t go ahead in some form. The basic point is we are only finding a concern with that proposed deal structure, not with the concept of a general sale of the business. Beyond that, of course we are always open to discussing solutions which can remedy our concerns (more on the process later).

    Remedies in the past have looked at various different types of arrangements, for example spinning off part of a business or making sure access to vital inputs is open to all. This ensures vigorous competition continues and innovation continues to thrive. And in certain circumstances we are prepared to preserve benefits where they meet the relevant standard, for example in NHS Trust mergers where the benefits to patient care outweigh any harm caused by a loss of competition between the merging trusts.

    We know investor confidence and business confidence are critical to the growth we all want to see. We talk to these stakeholders all the time, listen to their concerns and reflections outside the heat of individual deals, where the consensus around the benefits of competition is strong. But we often find there are a few myths and misunderstandings out there about our interventions and processes. I’ll just share with you, by way of example, a few facts which can help to inspire confidence that the UK is very much a place where deals get done:

    • over 50,000 M&A deals have taken place each year since 2019 (PwC: Global M&A industry trends: 2024 mid-year outlook) – in any given year, the CMA reviews only the handful of transactions with the potential to be truly problematic from a competition law perspective

    • for example, in 2023 to 2024 the CMA considered 913 transactions, around 95% of which did not proceed to an investigation

    • we carried out 54 phase 1 reviews (cases called in via our Merger Intelligence Committee and also cases notified directly to us by merging parties) – one-third resulted in unconditional clearance, and almost half were resolved through remedies to address the substantial lessening of competition instead of being referred to a phase 2 investigation

    • that means we conducted in-depth phase 2 investigations in respect of just 9 cases where we considered the merger to have the potential to substantially reduce competition in the UK, including where we were unable to agree satisfactory remedies at phase 1 to address our concerns. All phase 2 inquiries are led by a group appointed from the CMA’s Panel of independent experts, which is responsible for making the final decision on the case. The majority of these (5) were cleared unconditionally, and a further 2 with remedies

    • one merger in 2023 to 24 was subject to a prohibition decision at the end of the phase 2 process. Worth repeating that for those at the back – that’s one prohibition, out of over 900 mergers reviewed

    • in total, 3 mergers were abandoned by the parties (2 at phase 2 and one at phase 1)

    Process and interaction with companies

    Turning now from substance to process. Again, something we know really matters to the companies in terms of efficiency, openness, and transparency. We think hard about this stuff, because we know it matters to confidence and thus to growth.

    Jurisdiction

    We need to first remember that the UK merger control regime (unlike many others) operates on a voluntary filing basis, in which companies can self-assess (often with the help of their legal advisors) whether the deal has potential competition issues and then opt not to alert the CMA if it doesn’t.

    The CMA’s jurisdiction then relates to deals with the target having certain turnover or share of supply of goods and services in the UK.

    The great benefit of the voluntary system is that it filters out the need to submit filings or the CMA to carry out a formal investigation in nearly all transactions. You can see this from the fact that the CMA only looked at roughly 50 transactions last year through the formal route as opposed to over 250 investigations opened in France (Autorité de la Concurrence: Rapport Annuel 2023, in French), and around 800 in Germany (Bundeskartellamt: Jahresbericht 2023/24) – as well as high numbers in many other countries.

    Early engagement

    Beyond the formal filings route the CMA also has an informal briefing paper route for companies to put their deal on the CMA’s radar and say why there is nothing to look at from a competition perspective. This route has been very popular post-Brexit with over a tripling of the number of briefing papers the CMA receives and the feedback we receive from businesses and advisors is that it is a simple way to get some certainty over a CMA review.

    In 2023 to 2024, 156 informal briefing papers were sent to our mergers monitoring function, of which 15 were called in for a more formal review.

    Further filtering

    The voluntary nature of the regime and the briefing paper process mean the CMA only looks at the very small proportion of deals that have the potential to raise competition concerns through a formal investigation.

    Then, there is a further filtering step whereby a deal only proceeds to an in-depth 6-month investigation if it raises initial competition concerns in a legally timetabled 40 working day phase 1 investigation. The CMA only begins its phase 1 investigation once it receives all the necessary information from the merging companies, this goes back to my earlier point about being evidence led in our decision making – and that’s the reason it’s the same process in nearly every country around the world.

    At the end of the phase 1 process there is an opportunity for companies to offer solutions to any competition concerns raised to avoid the more in-depth investigation and this is a route frequently taken when only part of a transaction causes a concern – for example in local markets or one product line.

    The CMA can also decide not to go to an investigation based on the market size being de minimis. We recently consulted and updated our process on this route making the qualifying market size larger and simplifying the way we carry out our analysis. We are already seeing deals come through our system on this basis and the evolution of our process appears to be working well and garnering positive feedback.

    Openness and transparency

    Finally, turning to the way the CMA engages with companies and the market more generally. We know clarity matters to the investment and business community, and the CMA process is one of the most transparent in the world. There are multiple opportunities for market participants to proactively engage with the CMA and the CMA publishes documents throughout the process to clearly set out its thinking on the deal. These are fully reasoned and evidenced explanations of the concerns the CMA is finding and why. And we go further than many authorities by publishing clearance decisions and extra commentary – feel free to follow me on LinkedIn for this.

    The CMA is also constantly listening to feedback on its process. Even if the outcome didn’t go the way the parties hoped, they should feel they got a fair hearing along the way. It is fair to say the CMA has been criticised in the past for not hearing as much as it could, and not being as open as it could on its developing thinking (notwithstanding the fulsome published documents).

    To this end, the CMA proposed a major overhaul of its in-depth phase 2 investigation process following a wide-ranging consultation, including with businesses, legal and economic advisors on UK and international merger cases, consumer and industry groups, and other competition authorities.

    I was on the outside of the CMA at this time and working with several companies going through a phase 2 process. The proposed (and now adopted) reforms were very well received by all and look to be a step change in the experience of the CMA process for businesses.

    The CMA trialled some of the updated processes on a case I worked on for the businesses, and they worked very well. Now we are doing our first full case under the new process and so far it has been smooth sailing from our side (with lots of hard work from the team), and we can see the real benefits of the earlier engagement with the businesspeople.

    These are new reforms, they need time to bed in and have the benefits be really felt but we think they represent a genuine step change based on really listening and responding to what stakeholders have asked of us.

    Conclusion

    In summary:

    • the CMA’s approach is independent, evidence-led, proportionate, expeditious, transparent and constructive – we listen to our stakeholders and always seek to improve our processes where we can

    • effective merger control, protects fair, open, and effective competition on behalf of people, businesses and the economy

    • as a driver of growth, merger control acts as an engine (not a handbrake) of innovation and productivity

    • as a safeguard for consumer interests, merger control impacts the prices people pay, the quality of goods and services they receive, and how they benefit from innovation – in pure financial terms, merger control saved people in the UK £685.2 million per year on average in the last 3 financial years

    • as a bulwark against shocks and disruption, merger control fosters a resilient economy less vulnerable to single points of failure

    • and last, but by no means least, as an attraction and reassurance for investors, the UK merger control regime provides certainty to businesses and their backers that they can enter and compete in UK markets on a level playing field

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI: Albion Crown VCT PLC: Annual Financial Report

    Source: GlobeNewswire (MIL-OSI)

    Albion Crown VCT PLC
    LEI Number : 213800SYIQPA3L3T1Q68
    25 October 2024

    Albion Crown VCT PLC (the “Company”)

    Annual Report & Financial Statements for the year ended 30 June 2024

    Results announcement
    The Company’s Directors are pleased to attach the Company’s Annual Report and Financial Statements for the year ended 30 June 2024.  The highlights include:

    • Increase in total shareholder value of 0.68 pence per share (2.05% on opening Net asset value) (2023: 1.06 pence per share)
    • Net asset value of 32.20 pence per share (2023: 33.13 pence per share)
    • £97.0 million fund size (2023: £94.0 million)
    • Dividends paid of 1.61 pence per share in the year (2023: 1.63 pence per share)
    • £2.6 million shares purchased during the year (2023: £2.4 million)
    • Annual General Meeting to be held virtually at noon on 26 November 2024
    • Sale of Egress after the year end, returning over 7 times cost.

    The Board also declared a first dividend for the year ending 30 June 2025 of 0.81 pence per Ordinary share to be paid on 29 November 2024 to shareholders on the register on 8 November 2024.

    The Annual Report and Financial Statements for the year ended 30 June 2024, including the Notice of Annual General Meeting, are attached to this announcement. Alternatively, copies are available on the Company’s webpage on the Manager’s website at:

    www.albion.capital/CRWN30Jun2024

    For further details about the Company please either visit the Company’s website:

    Albion Crown VCT PLC
    www.albion.capital/vct-funds/CRWN

    or contact:

    Vikash Hansrani
    Operations Partner
    Albion Capital Group LLP
    Telephone: 020 7601 1850

    Attachment

    The MIL Network –

  • MIL-OSI Economics: African Development Bank to co-host Chemicals and Fertilizers Investment and Trade Roundtable and Clinics

    Source: African Development Bank Group

    What:    Chemicals and Fertilizers Sectors Roundtable and Clinics

    Who:     The African Development Bank, in collaboration with the Chemicals and Fertilizers Export Council and the Chamber of Chemical Industries

    When:   10 am GMT+3; 28 October 2024

    Where:   Fairmont Nile City Hotel

    The African Development Bank, in collaboration with Egypt’s Chemicals and Fertilizers Export Council and the Chamber of Chemical Industries will host an investment and trade roundtable and clinic for top Egyptian Chemicals and Fertilizer companies on 28 October 2024 at Cairo’s Fairmont Nile City Hotel.

    The Roundtable will bring together African Development Bank private sector experts with top 30 manufacturers  and other stakeholders to discuss collaboration opportunities in support of boosting the chemicals and fertilizers industry sectors. Participants will learn about the Bank’s financial and non-financial support for Industrial and Trade Development.

    The event will also feature presentations from the private sector unit at the Ministry of International Cooperation to highlight its new partnerships and donor coordination platform (Hafez). The roundtable will benefit from contributions by African Development Bank and African Continental Free Trade Area trade experts, and the Egyptian Commercial Services representative in Africa, on practical guidelines and trade solutions to enhance Egypt’s two-way trade with other African countries.

    AGENDA

    10:00 – 10:30 REGISTRATION
    10:30 – 10:40 Opening by Dr Ghada Abuzaid,
    Principal Industrial Programs Coordinator, AfDB
    AfDB Video
    10:40 – 11:00 WELCOME Welcome Remarks
    African Development Bank
    Export Council and Chamber of Chemicals & Fertilizers    		 Mr. Abdourahmane Diaw,
    Country Manager, AfDB
    Dr. Sherif El Gabaly,
    Chairman, Chamber of Chemicals and Fertilizers    		  
    11:00 – 11:15 Egyptian Chemicals & Fertilizers Sector State of Affairs, Market Trends and Exports Potential Mr. Khaled Abo El Makarem,
    Chairman of the Export Council and Deputy Chairman of the Chamber    		  
    11:15 – 11:40 LEARN 1st Panel:
    Partnerships and Financial Support to the Egyptian Chemical Industries
    & Takeaways    		 Context setting by Dr Ghada Abuzaid and Top expertise panel.
    Dr. Tamer Taha,
    Head of Private sector, Innovation and Entrepreneurship, Ministry of International Cooperation and Planning
    Mr. Fernando Rodriques,
    Regional Lead Non-Sovereign Operations, AfDB Opening    		  
    11:40 – 12:20 2nd Panel:
    Egyptian private sector contributions to developing the chemicals and fertilizers sector in Egypt and Africa
    & Takeaways    		 Context setting by Mr. Yehia El Minshawy international Cooperation Manager and leading CEO Panelists
    Makarem Tex
    TCL
    MOPCO
    UNOX
    APG
    Eagle Chemicals    		  
    12:20 – 13:00 3rd Panel:
    Potential of intra-Africa trade in promoting Egyptian Chemicals & fertilizers sectors
    & Takeaways    		 Context setting by Dr. Khaled Melad,
    Head of the African Department, Egyptian Commercial Services and continental intra-Africa trade experts.
    Representatives of ECS in Africa – Ghana, Senegal, Kenya and Tanzania
    Mr. Abou Fall,
    Principal Trade Facilitation Expert, AfDB
    Mr. Mohamed Ali,
    Director of Trade in goods and competition, Africa Continental Free Trade Area (AfCFTA)    		  
    13:00 – 13:15 AfDB’s Recent Support to Chemicals and Fertilizers Regional Champions Case Study – OCP, Morocco
    Case Study – SPIH, Cote d’Ivoire and Ghana
    Ms. Christelle N’Guessan, Senior Investment Officer, AfDB    		  
    ROUNDTABLE’S OFFICIAL PHOTOS
    13:30 – 14:30 CONNECT Lunch and Networking to All. Participation in clinics is by invitation only.  

    MIL OSI Economics –

  • MIL-OSI Europe: Debates – Thursday, 24 October 2024 – Strasbourg – Provisional edition

    Source: European Parliament 2
    Verbatim report of proceedings
     352k  770k
    Thursday, 24 October 2024 – Strasbourg Provisional edition
    1. Opening of the sitting
      2. Composition of committees and delegations
      3. Closing the EU skills gap: supporting people in the digital and green transitions to ensure inclusive growth and competitiveness in line with the Draghi report (debate)
      4. Abuse of new technologies to manipulate and radicalise young people through hate speech and antidemocratic discourse (debate)
      5. Resumption of the sitting
      6. Sakharov Prize 2024 (announcement of the winner)
      7. Request for waiver of immunity
      8. Resumption of the sitting
      9. Voting time
        9.1. Situation in Azerbaijan, violation of human rights and international law and relations with Armenia (RC-B10-0133/2024, B10-0129/2024, B10-0131/2024, B10-0133/2024, B10-0136/2024, B10-0139/2024, B10-0141/2024, B10-0142/2024) (vote)
        9.2. People’s Republic of China’s misinterpretation of the UN resolution 2758 and its continuous military provocations around Taiwan (RC-B10-0134/2024, B10-0130/2024, B10-0132/2024, B10-0134/2024, B10-0135/2024, B10-0137/2024, B10-0138/2024, B10-0140/2024) (vote)
      10. Resumption of the sitting
      11. Approval of the minutes of the previous sitting
      12. Protecting our oceans: persistent threats to marine protected areas in the EU and benefits for coastal communities (debate)
      13. Explications de vote
        13.1. Situation in Azerbaijan, violation of human rights and international law and relations with Armenia (RC-B10-0133/2024)
        13.2. People’s Republic of China’s misinterpretation of the UN resolution 2758 and its continuous military provocations around Taiwan (RC-B10-0134/2024)
      14. Approval of the minutes of the sitting and forwarding of texts adopted
      15. Dates of forthcoming sittings
      16. Closure of the sitting
      17. Adjournment of the session

       

    IN THE CHAIR: ESTEBAN GONZÁLEZ PONS
    Vice-President

    		  
    1. Opening of the sitting

       

    (The sitting opened at 9:00)

    		  

    2. Composition of committees and delegations

    		 

      President. – The EPP Group has notified the President of decisions relating to changes to appointments within committees and delegations.

    These decisions will be set out in the minutes of today’s sitting and take effect on the date of this announcement.

    		  

    3. Closing the EU skills gap: supporting people in the digital and green transitions to ensure inclusive growth and competitiveness in line with the Draghi report (debate)


    		 

      Janusz Wojciechowski, Member of the Commission. – Mr President, skills cut across all policies and this House has played an important role in putting skills high on the agenda, notably with the European Year of Skills, which was a huge success.

    Mario Draghi’s report shows that we must close the skills gap if we want to make Europe simultaneously competitive, fair and secure. This means stepping up investments in skills and education and training at different places and moments, from school to adult learning. These investments need to be public and private. At the European Union level, we are investing already, as of today, around EUR 44 billion in the EU Cohesion Policy, mostly from the European Social Fund Plus, and helping upskill and reskill 38 million people.

    Member States’ national recovery and resilience plans include reforms and investments in education, training and adult learning amounting to more than EUR 85 billion. The Just Transition Mechanism supports the most affected people, workers, companies and regions heavily dependent on carbon-intensive industries, notably by helping them with training to access new jobs in their region. Other programmes such as Erasmus+ and Digital Europe also contribute to skills development in their respective areas.

    But indeed, we have a skills gap in our labour markets. In many sectors, we don’t have enough people with the skills needed and this is the key ingredient missing if we want Europe to be competitive in the face of countries like the US and China. We face significant labour shortages. The European Union labour markets are losing one million people every year between now and 2050 because of ageing. Two thirds of European companies say that the lack of skills holds back their business activities and four out of five say they cannot invest and grow as much as they could. For SMEs, it is even more difficult: only one in five can find workers with the right skills.

    To address this, we adopted the action plan on labour and skills shortages. It is based on a broad consensus between Member States and social partners. The action plan builds notably on the European Skills Agenda, which is specifically aimed at harnessing the green and digital technology transitions. The European Year of Skills, with its 2000 events, showed that we were on the right track and we should use its momentum.

    There have been good results. The Pact for Skills has brought together businesses, unions, education and training providers and other stakeholders in a large partnership, joining forces to upskill workers. In the first years, about 3.5 million workers have been upskilled through action by the 3000 pact members. Individual learning accounts, a powerful tool that offers adults incentives and guidance to train over time, are being prepared in about half of all Member States. We expect them to be very helpful, in particular for workers in SMEs, which may not be able to have their own upskilling programmes.

    We launched the EU digital decade strategy to make sure Europe’s workforce is ready for a world where digital skills are increasingly essential in many areas of life. The digital education action plan supported the adaptation of the education and training systems of Member States, aiming to boost the provision of digital skills. The European Union has introduced specific measures for learning, for sustainability, integrating green skills and competencies into education and training systems across the Member States.

    But there is a lot of work still to do. Too many people don’t have good basic skills. We are far from our 80 % target of digital skills and 60 % target of adults in training.

    Last but not least, as is also stressed in the Draghi report, we need to significantly step up the anticipation of skills needs, which is also key for addressing labour shortages in future. We can build on the good analytical work by Cedefop and Eurostat on job vacancies and on the European network graduate tracking to bring analysis closer to the local needs. Another initiative under development on skills intelligence is the common European data space for skills, which will facilitate secure data pooling and sharing to foster the development of data-driven application for skills, demand and supply analysis.

    		  
       

    		 

      Liesbet Sommen, namens de PPE-Fractie. – Voorzitter, commissaris, de groene transitie en artificiële intelligentie: dat maakt onze mensen en bedrijven soms bezorgd. Dat is ook begrijpelijk. Het is aan ons, het beleid, om duidelijkheid en zekerheid te bieden. Want wij staan als Europese Unie op een kruispunt. Wij hebben terecht de meest ambitieuze klimaatwetgeving ter wereld, maar onze economie hinkt achterop omdat wij te weinig ruimte bieden aan technologische vooruitgang. Werknemers en landbouwers zijn daardoor soms bang om hun baan en toekomst te verliezen.

    Maar het goede nieuws is: wij zijn in staat om deze transities om te buigen naar kansen. Dat gaan we doen door in te zetten op grotere vaardigheden van onze mensen, via onderwijs en opleiding. Want menselijk kapitaal is wat onze Europese bedrijven sterk maakt. Laat ons trots zijn op ons Europese sociale model. De VS en China hebben slechts een volgende rol. We hebben echt behoefte aan een allesomvattende Europese financieringsstrategie voor onderwijs en opleiding. De focus moet liggen op STEM‑sectoren, wiskunde en wetenschap. Want het zijn die opleidingen die de beroepen naar de arbeidsmarkt brengen die onze bedrijven en onze landbouw in staat zullen stellen om te verduurzamen en te digitaliseren.

    Met sterker onderwijs en opleiding voor ons Europeanen gaan we er niet alleen in slagen om het klimaat en onze Europese economie te redden, maar ook om onze mensen te versterken. En inderdaad, dat zal ervoor gaan zorgen dat Europa haar leiderschapspositie van weleer opnieuw kan innemen. Europa staat op een kruispunt. Het is aan ons om de juiste weg in te slaan.

    		  
       

    		 

      Gabriele Bischoff, im Namen der S&D-Fraktion. – Herr Präsident, sehr geehrter Herr Kommissar, Kolleginnen und Kollegen! In der Tat, diese Transformation wird gelingen, wenn wir die Beschäftigten hier mitnehmen. Und der Draghi-Bericht stellt tatsächlich die Notwendigkeit von Fort- und Weiterbildung mit ins Zentrum, nicht nur für Wettbewerbsfähigkeit, sondern auch für Innovationsfähigkeit. Und es ist gut, dass das auf der Säule sozialer Rechte aufbaut, denn die garantiert zum ersten Mal ein Recht auf Weiterbildung – das müssen wir verankern, das ist ein Job für die nächste Kommission.

    Ich bin froh, dass der Kommissar die Rolle der Sozialpartner hervorgehoben hat, weil die essenziell ist: dass beide Seiten, dass Arbeitgeber wie Gewerkschaften, wie Betriebsräte zusammen in den Betrieben Konzepte entwickeln. Und ich bin froh auch – ich komme gerade von einer Debatte, wo es um ESF-Plus-Projekte ging, wo beide Sozialpartner in Deutschland, Arbeitgeber und Gewerkschaften, ein Programm zur Beratung und Qualifizierung hingekriegt haben.

    Deshalb bitte keine verkürzte skills-Debatte, sondern sehen, wir brauchen eine gute Grundqualifizierung und Akteure in den Betrieben, die das vorantreiben.

    		  
       

    		 

      Paolo Borchia, a nome del gruppo PfE. – Signor Presidente, onorevoli colleghi, signor Commissario, io non amo particolarmente essere pessimista. Però credo che, effettivamente, per colmare il ritardo con la Cina e con gli Stati Uniti ci servirà un mezzo miracolo, perché non possiamo pensare che l’unica parola d’ordine sia decarbonizzazione.

    Infatti, senza la competitività non andiamo da nessuna parte. Sul tema della mancanza dei lavoratori, Commissario, lei giustamente ha menzionato la mancanza di competenza e io credo che la mancanza di lavoratori qualificati sia purtroppo la chiave di volta. Anche perché, purtroppo, anche in quest’Aula c’è chi pensa che il problema si possa risolvere attraverso l’importazione di un esercito di manodopera di lavoratori a basso costo, che magari arrivano da Paesi lontani.

    E poi, in conclusione, c’è un grosso tema di autocritica, perché gli stessi che ci hanno portati ad essere fanalini di coda nell’economia globale, adesso sono quelli che pretendono di continuare a comandare, senza ascoltare quello che è il volere degli elettori.

    		  
       

    		 

      Mariateresa Vivaldini, a nome del gruppo ECR. – Signor Presidente, onorevoli colleghi, signor Commissario, formare, attrarre e trattenere i talenti sono propositi che in quest’Aula condividiamo tutti. Ma la sfida sui talenti non può essere scollegata dalle sfide sulla natalità. Dobbiamo incentivare le nascite con interventi strutturali, accompagnando i figli dalla nascita al mercato del lavoro.

    Diversi studi hanno previsto che all’Europa, nel suo insieme, mancheranno 35 milioni di persone in età lavorativa entro il 2050, soprattutto nelle zone rurali, accrescendo un divario che di per sé è già allarmante con le zone urbane. Significa che scienziati, medici, ingegneri, lavoratori specializzati che avrebbero potuto contribuire a cambiare il nostro futuro, non avranno mai questa opportunità.

    È ovvio – e lo rivendico con forza – che garantire una maggiore fruibilità delle competenze e degli spazi digitali è fondamentale. Però, mentre noi portiamo avanti questa riflessione, da un lato, c’è il Consiglio che ha proposto un taglio di quasi 300 milioni ad Erasmus, dall’altro, si continua a non portare avanti nessuna iniziativa sulla tutela delle donne lavoratrici con stipendi adeguati.

    I talenti vanno coltivati, ma innanzitutto vanno messi al mondo. Altrimenti ci troveremo ad avanzare ottime proposte politiche senza avere nessuno su cui applicarle.

    		  
       


    		 

      Nela Riehl, on behalf of the Verts/ALE Group. – Mr President, as the Draghi report outlines, the question of skills is not just one of preparing the labour force for changing demands, but also about giving people the tools to adapt and engage with a changing world and benefit from new technologies. This is what competitiveness should mean.

    As a teacher, I have great respect for traditional classrooms, but classrooms are only just the beginning. At the moment, only 40 % of European adults train every year. This is very far from the 60 % target that the EU set itself to reach by 2030. Training must be a lifelong commitment.

    Lifelong learning, development, developing digital skills, must be a fundamental right and not just a privilege reserved for a few. This isn’t just about preparing for tomorrow’s jobs. It’s about empowering everyone to thrive in a world that is always evolving.

    So what does this actually mean? First, we need to address the lack of investment in skills. Every euro spent on training is a euro invested in our economy and society. This needs to be reflected in public budget decisions.

    Second, we need to establish an individual right to training for every European worker. But beyond this, we must break down the barriers that prevent skills and qualifications being recognised across borders. Let us make lifelong learning the new norm!

    		  
       

    		 

      Li Andersson, The Left-ryhmän puolesta. – Arvoisa puhemies, kaikki puhuvat nykyään taidoista. Yritykset ovat nostaneet osaavien työntekijöiden puutteen esille keskeisimpänä kasvun esteenä Euroopassa. Työvoimapula vaivaa monia aloja, ja myös Draghin raportin viesti oli, että kaikille eurooppalaisille työntekijöille pitää turvata oikeus kouluttautua.

    On tärkeää, että Eurooppa nostaa yksiselitteisesti osaamisen ja oppimisen kilpailukyvyn keskiöön. Meidän ei tule kilpailla palkkoja polkemalla, työehtoja heikentämällä, luonnonvaroja riistämällä tai antamalla eriarvoisuuden kasvaa räjähdysmäisesti. Meidän tulee tehdä asioita uudella ja paremmalla tavalla – niin talouden vahvistamiseksi kuin ihmisten elämän parantamiseksi.

    Mutta olemmeko todellakin valmiita koulutuspolitiikkaan, joka vastaa näihin suuriin haasteisiin? Silloin niin työnantajilla kuin yhteiskunnilla pitää olla valmius rahoittaa työikäisten opiskelua nykyistä enemmän. Silloin työnantajien pitää olla valmiita antamaan työntekijöiden käyttää siihen työaikaa. Silloin työttömille pitää antaa vapaus ja mahdollisuus opiskeluun. Silloin myös koulutusjärjestelmämme tulee vastata paremmin erilaisten oppijoiden tarpeisiin. Tämä kaikki edellyttää aivan eri mittaluokan panostuksia kuin mitä me tähän asti olemme nähneet.

    Meidän tulee myös ymmärtää, että työvoimapulassa ei ole kyse vain taidoista tai niiden puutteista. Siinä on myös kyse työoloista – palkasta, työoloista, työehdoista ja mahdollisuuksista vaikuttaa. Mikään määrä taitoja tai koulutusta maailmassa ei korvaa sitä, että ihmiset saavat mahdollisuuden tehdä työnsä hyvin, kunnollista korvausta vastaan.

    		  
       

    		 

      Рада Лайкова, от името на групата ESN. – Уважаеми граждани на ЕС, единственото нещо, което е по-безидейно от доклада на Марио Драги, е стратегията, заложена в този доклад. Както и очаквахме, този уж външен доклад се цитира вече за всеки план на ЕС, като задължително се добавят думи, събудени думи или „woke“ думи като зелен, устойчив, дигитално приобщаващ, климатично, неутрален и т. н.

    Със стремежа си за уеднаквяване Европейският съюз сам създаде кризата в образованието, защото университетите станаха фабрики за хора с дипломи без истински знания. Учат се да повтарят, а не да мислят. А това не е целта на критичното мислене и образованието. Трудно ми е да повярвам, че ЕС иска да подобри образованието, защото тук няма интерес от информирани граждани, иначе не биха се въвеждали закони под предлог за защита от дезинформация.

    Информираните граждани не се третират като деца. Спомнете си клиповете за миене на ръце на Урсула фон дер Лайен. Европейският съюз има нужда от покорни, дигитално маркирани данъкоплатци, които не задават въпроси, затова и преследва подобна политика в сферата на образованието. Но в последните 15 години вече беше нанесена достатъчно вреда в тази сфера и този период скоро трябва да приключи.

    		  
       

    		 

      Jagna Marczułajtis-Walczak (PPE). – Panie Przewodniczący! Panie komisarzu! Problem luki w umiejętnościach w Unii Europejskiej jest kwestią bardzo złożoną. Umiejętności pracowników i systemy kształcenia, a z drugiej strony oczekiwania rynku pracy nie zbiegają się w jednym punkcie. To problem wieloaspektowy.

    Po pierwsze, szybkie zmiany technologiczne generują nowe, wymagające umiejętności, za którymi wiele osób nie nadąża. Po drugie, w wielu krajach Unii Europejskiej systemy edukacyjne i programy nauczania wymagają uelastycznienia. Po trzecie, luki w umiejętnościach wynikają także z nierówności regionalnych. Lokalni pracodawcy często nie są w stanie znaleźć odpowiednio wykwalifikowanej kadry w swojej okolicy. Po czwarte, kolejną ważną sprawą jest kwestia starzejącego się społeczeństwa. To wyzwanie, ale i okazja do budowania lepszych i dostępnych systemów opieki i rehabilitacji.

    Wspierajmy uczenie się zawodów opiekuńczych, które są nieocenione dla członków naszych rodzin, a które kiedyś będą nieocenione i dla nas. Potrzebujemy działań na wielu frontach, ale najważniejsze jest prawidłowe zrozumienie problemu, który niewątpliwie istnieje.

    		  
       


    		 

      Pascale Piera (PfE). – Monsieur le Président, après avoir été président de la Banque centrale et si étroitement impliqué dans les orientations de l’Union européenne, Mario Draghi pose le constat de l’inefficacité totale des politiques européennes, menées à bâtons rompus au détriment des peuples. Nous le savons, notre continent n’est plus que l’ombre de lui-même sur le plan industriel, sur le plan commercial, sur le plan migratoire.

    Mario Draghi fait-il un mea culpa? Jamais. Pour expliquer ce désastre, auquel il a activement participé, il exhibe la pénurie de compétences comme s’il s’agissait d’une pénurie de marchandises. Pour tenter d’y remédier, il nous projette dans la fantasmagorie de la transition numérique et verte en nous promettant, dans une novlangue insupportable, toujours plus d’Europe, toujours plus d’argent pour d’hypothétiques programmes éducatifs, et en réalité toujours plus d’intrusion pour ce qu’il reste de souveraineté aux États souverains.

    Mario Draghi fait l’économie de toute réflexion de fond et préfère l’asservissement de notre jeunesse aux écrans et aux propagandes wokistes. Pourtant, redonner un niveau de compétence à notre jeunesse, c’est encourager la connaissance de ses racines, la richesse de la littérature, le travail et l’esprit critique. Autant de conditions qui ne sont pas aujourd’hui assurées par l’Union européenne.

    		  
       

    		 

      Georgiana Teodorescu (ECR). – Domnule președinte, România are nevoie urgentă de redeschiderea școlilor vocaționale de arte și meserii. Am ajuns o țară de absolvenți de studii superioare care nu știu să facă nimic și care nu își găsesc locuri de muncă pe măsura diplomelor, așa că fie pleacă la munci necalificate peste granițe, fie se angajează în astfel de servicii chiar în țară. Astăzi, în România, un electrician câștigă mai bine decât un avocat sau un inginer, spre exemplu, și chiar și așa nu îl găsești spre a-l angaja.

    Această imagine critică asupra țării mele riscă să se reflecte și asupra Europei în curând. Dacă nu alocăm bani mulți pentru învățământul vocațional, vom ajunge să importăm astfel de forță de muncă doar din afara granițelor Uniunii Europene, în timp ce propriii noștri cetățeni vor fi asistați social. Colaborarea între Uniunea Europeană, sectorul privat și instituțiile de învățământ este esențială. Trebuie să creăm parteneriate care să adune resurse și expertiză ca să ne asigurăm că programele de formare răspund nevoilor de mâine.

    		  
       

    		 

      Grégory Allione (Renew). – Monsieur le Président, Monsieur le Commissaire, chers collègues, le rapport Draghi nous l’a montré: l’Europe doit devenir plus compétitive. C’est un défi existentiel, un défi pour voir l’Union devenir une actrice forte et indépendante sur la scène mondiale, cheffe de file dans les domaines de l’éducation, des nouvelles technologies et de la lutte contre le changement climatique.

    Nous le savons, l’investissement dans l’éducation et la formation, dans la protection sociale et la santé contribue à créer une société souveraine, plus résiliente, plus inclusive et, de fait, plus compétitive. Oui, nous devons d’urgence combler notre déficit en matière de compétences. Actuellement, près de 80 % des employeurs peinent à recruter des travailleurs possédant les compétences requises, quand ceux que nous avons formés font valoir, bien cher et outre-Atlantique, leurs compétences acquises ici en Europe. Par ailleurs, 60 % des travailleurs déclarent avoir besoin d’être formés aux outils de l’intelligence artificielle, quand 14 % le sont réellement. Enfin, nous le savons, il y a des pénuries de main-d’œuvre dans les domaines essentiels de la transition tels que la construction, la santé ou les énergies bas carbone.

    Le chantier est énorme. Le rapport Draghi nous donne la trajectoire comme les solutions. Sans renforcer les compétences de nos travailleurs, de notre richesse humaine, l’Union restera spectatrice de sa double transition – verte et numérique.

    		  
       


    		 

      Marina Mesure (The Left). – Monsieur le Président, pour les besoins de la bifurcation écologique, 25 millions d’emplois sont nécessaires. Mais combien de ces postes resteront non pourvus, faute de travailleurs correctement formés et de conditions de travail décentes?

    Prenons un secteur clé: celui de la construction. Nous savons tous ici qu’il y a urgence à rénover les bâtiments, car il s’agit d’un enjeu social majeur pour nos concitoyens, qui peinent à se loger et à payer leur facture énergétique, et d’un enjeu écologique, puisque les bâtiments représentent 40 % des émissions de gaz à effet de serre. Et bien, dans ce secteur, le manque de main-d’œuvre est une préoccupation pour 96 % des entreprises.

    Alors pourquoi si peu de candidats? Le rapport Draghi apporte une explication parmi d’autres: les salaires peu attrayants, qui contribuent à ce déficit dans un secteur qui compte encore un mort par jour. Donc, si vous voulez parler compétitivité, très bien! Mais vous ne pouvez pas le faire sans parler démocratie sociale, valorisation de ces métiers essentiels, formation continue, conditions de travail dignes, reconnaissance de la pénibilité au travail et garantie d’un environnement de travail sain et sûr pour toutes et pour tous.

    C’est ainsi que nous rendrons les métiers essentiels à la bifurcation écologique attrayants et que nous comblerons le déficit de main-d’œuvre.

    		  
       

    		 

      Diego Solier (NI). – Señor presidente, señor comisario, señorías, si queremos una Europa competitiva, realista y sostenible, necesitamos cambios de impacto rápido en nuestros ciudadanos.

    Tenemos tres importantes áreas en las que hay que dar un giro de 180 grados.

    Primero, una pirámide poblacional suicida y totalmente invertida. Sin políticas de familia, natalidad y conciliación laboral, esto no se resolverá ni importando a millones de inmigrantes, como pretenden ustedes.

    Segundo, despolitización de la educación de Europa. Solo priorizando la excelencia y el esfuerzo de los estudiantes, superaremos la mediocridad: agilicemos la homologación de títulos universitarios europeos, desarrollemos una conexión empresarial con esos mismos entornos educativos de éxito.

    Y, tercero, la formación a los empleados en tecnologías para que exploten sus productividades. El 99 % de nuestro tejido empresarial es pequeña y mediana empresa y carece de los recursos necesarios para cumplir con toda la burocracia que les imponemos desde Europa.

    El tiempo de actuar es ahora. Mañana ya será tarde.

    		  
       

    		 

      Andreas Schwab (PPE). – Herr Präsident, Herr Kommissar, liebe Kolleginnen und Kollegen! Mario Draghi hat uns auf fast 400 Seiten hier mit seinem Bericht die Schwachstellen der EU-Gesetzgebung ins Stammbuch geschrieben. Aber er kommt anders, als die Kollegin behauptet, nicht zu dem Ergebnis, dass das, was wir gemacht haben, alles falsch ist, sondern wir haben, was die Qualifikationslücke angeht, im Binnenmarkt falsche Anreize gesetzt. Und dafür haben wir eigentlich seinen Bericht nicht gebraucht, denn es war schon bei vielen Unternehmensbesuchen offensichtlich, dass wir es mit den Berichtspflichten schlicht übertrieben haben. Nicht jedes wünschenswerte Ziel braucht auch eine Berichtspflicht.

    Das Beispiel ist bekannt aus meinem Wahlkreis: Ein kleines mittelständisches Unternehmen muss, weil es Zulieferer für ein Großunternehmen ist, 1 600 Berichtspflichten erfüllen im Rahmen der Corporate Social Responsibility-Richtlinie. Da geht es natürlich darum, dass die drei neuen Mitarbeiter, die dieses Unternehmen lange suchen muss, bevor sie eingestellt werden können, dann nicht in der Produktion sind, sondern beim Ausfüllen der Berichtspflichten. Gleichzeitig muss die große Wirtschaftsprüfungsgesellschaft auch zwei neue Mitarbeiter einstellen, um diese Berichtspflichten zu überprüfen, um den Jahresabschluss zu erstellen – das ist schlicht und ergreifend eine Fehlallokation.

    Wir müssen dazu kommen – und am besten in den ersten 100 Tagen der neuen Kommission –, dass der Unternehmer ein leeres Blatt Papier nimmt und drauf schreibt: Ich habe die Regeln verstanden und gelesen und hafte mit meinem Namen. Die Franzosen sagen dazu lu et approuvé. Das würde Bürokratie abbauen, die Sache vereinfachen und das Leben für viele Unternehmer wieder angenehmer machen mit dem Ziel, den Wohlstand der Bürgerinnen und Bürger in Europa zu steigern; und das können wir schaffen.

    		  
       

    		 

      Niels Fuglsang (S&D). – Hr. formand! Kære kolleger! I løbet af det sidste år har vi vedtaget meget vigtig lovgivning her i huset. Lovgivning om hvordan vi fremmer den grønne omstilling. Mål for vedvarende energi, hvor meget skal vi have? Mål for energieffektivitet. Lovgivning, der skal omstille industrien til at blive grøn. Men alt det her kan jo kun lade sig gøre, hvis vi har den nødvendige kvalificerede arbejdskraft. Hvis vi har tilstrækkeligt med faglærte, der kan sætte vindmøllerne op. Elektrikere, der kan sætte strøm til vores elbiler. Mekanikere, der kan reparere vores biler, og smede, der kan svejse vores pumper. Derfor har vi brug for kvalificeret arbejdskraft. Vi har brug for al den arbejdskraft, vi overhovedet kan tænke på, til at udvikle nye innovative teknologier. Og jeg er glad for at se, at Mario Draghi fokuserer på netop det her i sin rapport. Det er det, vi skal investere i sammen. Det er nu, det gælder.

    		  
       

    		 

      Annamária Vicsek (PfE). – Tisztelt Elnök Úr! A Draghi-jelentésben említett készséghiányokat és az európai versenyképesség súlyos hanyatlását nem pusztán tüneti kezelésekkel, hanem valódi versenyképesség-növelő intézkedésekkel lehet csak megoldani.

    Ilyen megoldás lehet például a magyar modell, amit a magyar elnökség programjának elemeként ismerhettünk meg. A felsőoktatásban, a szakképzésben és a felnőttképzésben kialakított stratégiai partnerség a felsőoktatási és szakképzési intézmények, valamint a gazdasági és társadalmi szereplők között öt év alatt már mérhető eredményeket hozott. Míg öt éve még csak 7 magyar egyetem, mára már 12 tartozik a világ legjobb 5 százalékába, sőt a világ legjobb 1%-ában is található magyar egyetem. 20%-kal nőttek a vállalati bevételek, nőtt a hallgatói létszám és nagy arányban csökkent a lemorzsolódás.

    A Bizottság meg kell, hogy kezdje Európa versenyképességének fokozását, ugyanakkor meg kell, hogy szüntesse a magyar felsőoktatási intézmények versenyképességét csökkentő diszkriminatív intézkedéseit, amely végső soron a teljes Európai Unió versenyképességét is csökkenti.

    		  
       

    		 

      Marlena Maląg (ECR). – Panie Przewodniczący! Panie komisarzu! Niedobór kwalifikacji to poważny problem, który dotyka całą Unię Europejską. Jak wynika z raportu Draghiego, około trzech czwartych europejskich firm zgłasza trudności ze znalezieniem pracowników z odpowiednimi umiejętnościami. Jednocześnie około 42% Europejczyków nie posiada podstawowych umiejętności cyfrowych. Nakładają się na to jeszcze problemy demograficzne starzejącego się społeczeństwa i daje to obraz rynku pracy.

    Choć polityka kształcenia i szkolenia leży w gestii państw członkowskich, Unia wspiera te wysiłki, popierając konkretnymi strategiami, programami oraz udzielając konkretnego wsparcia. Szczególne znaczenie mają tu umiejętności cyfrowe, szkolnictwo zawodowe, w tym inwestowanie w kształcenie ustawiczne. Bardzo ważne jest promowanie takich inicjatyw jak Junior Skills promujących młodych mistrzów zawodowych. Zamiast promować migrację, musimy zadbać o to, aby wykształcić własnych specjalistów po to, aby Unia Europejska była odporna na kryzysy i znacznie bardziej konkurencyjna.

    		  
       

    		 

      Христо Петров (Renew). – Г-н Комисар, инженери, IT специалисти, готвачи, Европейският съюз е изправен пред недостиг на работна ръка за много професии. В моята страна бизнесът има огромни проблеми при намирането на подходящи кадри. Докладът на Марио Драги призовава за принципно нов подход към уменията и аз съм съгласен. Но когато говорим за конкурентоспособност, трябва да говорим и за европейския социален модел, защото той прави Европа най-доброто място в света за живеене и работа.

    За да решим проблема, ние трябва да укрепим нашата стратегия за повишаване на уменията и преквалификация на работниците, както и да активираме цялото население в трудоспособна възраст с персонализирана подкрепа. Все още има нереализиран потенциал в нашите региони. Трябва и да привлечем таланти от цял свят, за това „EU Talent Pool“ ще бъде от огромно значение. Той трябва да насърчи законното наемане на работа, като гарантира безопасност, ефективност и адекватност.

    Време е да създадем правилния инструмент, който да е от полза както за работодателите, така и за търсещите работа.

    		  
       

    		 

      Benedetta Scuderi (Verts/ALE). – Signor Presidente, onorevoli colleghi, la transizione ecologica e quella digitale ci offrono un’opportunità incredibile, non solo per creare milioni di posti di lavoro ma anche per rivoluzionare il nostro paradigma produttivo e socioeconomico verso un mondo del lavoro più giusto e inclusivo.

    La carenza di manodopera qualificata è evidente ed è quindi essenziale colmare il divario di competenze con percorsi di formazione e aggiornamento professionale. Questo impegno, però, non deve essere preso solo dall’industria ma anche da noi istituzioni, dal pubblico. Solo così, infatti, possiamo includere nel mondo del lavoro tutte le persone che ne rimangono sistematicamente escluse.

    Penso alle donne, alle persone razializzate, alle persone trans, a quelle con disabilità e a tutte quelle che subiscono discriminazioni. Penso ai giovani e a tutte le difficoltà a entrare nel mondo del lavoro a suon di tirocini non pagati e salari bassissimi.

    Quindi, ben venga riportare l’industria europea al centro dell’agenda politica: ma per farlo non possiamo commettere gli stessi errori del passato. Torniamo a parlare con le parti sociali in modo serio, rafforziamo la contrattazione collettiva, garantiamo standard elevati di sicurezza sul luogo di lavoro, lotta a pratiche antisindacali, a frodi, a sfruttamento sociale e, soprattutto, salari dignitosi.

    Un mercato del lavoro frutto di una società ineguale e un tessuto sociale impoverito non può essere competitivo.

    		  
       

    		 

      Dario Tamburrano (The Left). – Signor Presidente, onorevoli colleghi, Stati Uniti e Cina concorrono per la supremazia nelle nuove tecnologie, come mobilità elettrica e intelligenza artificiale, mentre noi, con la nostra politica economica e industriale fallimentare, abbiamo perso decenni e posizioni e stiamo retrocedendo anche nelle politiche dell’istruzione e dell’educazione al digitale per le nuove generazioni.

    La nostra industria non cresce abbastanza, anche perché non coltiva abbastanza e protegge le intelligenze naturali. In questo scenario fosco, le nostre società subiscono, invece di governarli, gli effetti della digitalizzazione.

    È un’emergenza sociale e medica: il fenomeno dell’addicction digitale e di impoverimento delle capacità psico-relazionali, causati dall’esposizione permanente e inconsapevole alle nuove tecnologie digitali. È pertanto un imperativo morale rendere genitori e ragazzi più edotti degli effetti collaterali del digitale pervasivo e dell’intelligenza artificiale.

    E lancio un appello a Parlamento e Commissione, affinché si avviino programmi specifici di monitoraggio e prevenzione, soprattutto per i soggetti in età evolutiva. Per una volta, di fronte a una nuova tecnologia, preveniamo invece di curare.

    		  
       

    		 

      Pilar del Castillo Vera (PPE). – Señor presidente, señor comisario, cada persona debe tener su oportunidad en la transición digital. Solo con una formación adecuada cada uno podrá aprovechar todo el potencial que brinda la digitalización.

    Esta brecha, como señala el señor Draghi, que hay con países que tienen más desarrolladas tanto la innovación tecnológica como la formación tecnológica es, en buena medida, la que explica el déficit que tenemos nosotros respecto de la competitividad que tienen países como los Estados Unidos. Es imperativo que competitividad y formación digital vayan de la mano. La formación digital debe estar presente a lo largo de todo el período educativo; por ejemplo, la programación debe incorporarse siempre en los inicios de la educación escolar, para que los alumnos vayan comprendiendo la naturaleza digital del sistema en el que viven.

    Por otra parte, la Unión Europea debe incrementar el número de graduados CTIM, que, pese a los avances, todavía está lejos de cubrir la demanda que existe en estos perfiles. También es esencial reforzar la formación digital en los sistemas de formación profesional.

    Por último, la actualización y la adquisición de nuevas habilidades digitales deben ser constantes a lo largo de la vida; es más, hay que garantizarlo.

    En definitiva, la formación digital no solo es clave para lograr una Europa innovadora y competitiva, también lo es para que cada persona tenga su oportunidad en este proceso de transformación digital. Y, añado, no solo es esencial, también es urgente: el momento es ahora, mañana será tarde.

    		  
       

    		 

      Marcos Ros Sempere (S&D). – Señor presidente, señor comisario, hablar de juventud es hablar de futuro, y para que el futuro sea brillante necesitamos reforzar sus competencias.

    Las intenciones son buenas: la prueba es una futura vicepresidenta ejecutiva dedicada a estas competencias en la nueva Comisión Europea. Pero, sin embargo, los datos son más oscuros: los resultados de los jóvenes indican un déficit de competencias, y las proyecciones para 2035 apuntan a que este déficit aumentará.

    Debemos actuar. Necesitamos una estrategia europea para reducir el déficit en competencias en todas las fases de la educación. Tenemos que ofrecer a nuestros jóvenes herramientas para desarrollar competencias, mejorarlas y actualizarlas durante la vida adulta, y el reconocimiento automático de títulos académicos y de competencias para mejorar el entendimiento y la movilidad entre Estados miembros.

    2025 ya está aquí, y es la fecha que marcamos para pedir la implementación del Espacio Europeo de Educación. Hagámoslo realidad, hagamos brillar el futuro de nuestros jóvenes.

    		  
       

    		 

      Antonella Sberna (ECR). – Signor Presidente, onorevoli colleghi, signor Commissario, il divario delle competenze rischia di frenare il nostro sviluppo e penalizzare la competitività dell’Europa e quello di genere, in particolare, continua a penalizzare il potenziale delle donne, specialmente nei settori strategici come la tecnologia.

    Secondo l’Istituto europeo per l’uguaglianza di genere, l’eliminazione di questo divario nei settori STEM potrebbe favorire la creazione di ulteriori 1.200.000 posti di lavoro. In occasione dell’Anno europeo delle competenze, in Italia il governo Meloni ha introdotto, con la legge 187 del 2023, la Settimana nazionale delle discipline STEM, con l’obiettivo di sensibilizzare e stimolare l’interesse dei ragazzi, e soprattutto delle ragazze, verso queste discipline. È una buona prassi e quindi può ispirare il lavoro di altri Paesi membri.

    In Europa, invece, la Commissione europea ha promosso il patto per le competenze, un’iniziativa che riteniamo importante, che invita le organizzazioni pubbliche e private a unire le forze e adottare azioni concrete per migliorare – soprattutto anche riqualificare – le persone in Europa. Ma non basta: sono necessarie una vera unione delle competenze, in cui l’accesso alle discipline chiave sia equo e accessibile per tutti, e la formazione per la riqualificazione professionale dei settori meno attrattivi.

    Dobbiamo garantire che le competenze acquisite in un Paese siano facilmente riconosciute in tutti gli Stati membri, favorendo la mobilità e l’inclusione lavorativa. Solo così possiamo affrontare il futuro con fiducia e rafforzare la competitività in Europa.

    		  
       

    		 

      Ľudovít Ódor (Renew). – Vážený pán predsedajúci, pán komisár, milí kolegovia, Európska únia musí v najbližších desaťročiach zvládnuť dve veľké transformácie – zelenú a digitálnu, a to so starnúcou populáciou. Táto misia je od začiatku odsúdená na zánik, ak sa nezbavíme zlozvykov z dvadsiateho storočia. Ktoré sú to? Po prvé, nemali by sme mladých pripravovať na konkrétnu profesiu, ale potrebujeme ich naučiť zručnosti na zvládnutie týchto výziev. Po druhé, prestaňme deliť život na vzdelávanie a následnú prácu. Nebuďme naivní, že dnešné poznatky nám postačia aj o 30 rokov. Práve digitalizácia a umelá inteligencia nám môžu pomôcť, aby sme sa kontinuálne učili tempom a spôsobom, ktorý nám vyhovuje. Po tretie, netvárme sa, že výborná priemerná kvalita univerzít stačí. Európska únia má na viac. Pre globálny úspech potrebujeme excelentnosť a musíme sa stať magnetom pre zahraničný talent. V dvadsiatom storočí sme si veľmi zvykli, že investície sú len o strojoch, betóne a asfalte. V dvadsiatom prvom storočí by mali byť najmä o ľudskom kapitáli.

    		  
       

    		 

      Rasmus Andresen (Verts/ALE). – Herr Präsident! Eine Million! Eine Million Fachkräfte fehlen bis 2030 allein dem deutschen Arbeitsmarkt, und in vielen anderen europäischen Staaten sieht das nicht anders aus.

    Über 60 % der kleinen und mittelständischen Unternehmen geben an, dass sie jetzt bereits Probleme haben, Fachkräfte zu finden. Der Fachkräftemangel ist eines der größten Probleme, das wir in der Europäischen Union in den nächsten Jahren haben, und ganz ehrlich: Es passiert viel zu wenig, um ihn anzugehen.

    Deshalb ist es gut, dass wir hier darüber reden, denn wenn wir wettbewerbsfähig sein wollen, dann brauchen wir qualifizierte Arbeitskraft. Die Antwort darauf ist: mehr Migration, mehr Investitionen in Bildung, eine bessere Vereinbarkeit von Familie und Beruf und auch bessere Arbeitsbedingungen, denn nur mit attraktiven Jobs werden wir es schaffen, Menschen zu uns zu bekommen.

    Denn wir brauchen mehr Menschen, die in der EU arbeiten, und nicht weniger. Deshalb ist es ein Problem, wenn Nationalismus, Hass und Hetze die Debatte bei uns dominieren. Niemand möchte in einer Europäischen Union leben, wo Alice Weidel oder Marine Le Pen den Takt angeben. Wir brauchen eine Willkommenskultur, die Menschen begrüßt und sie dabei unterstützt, hier bei uns ihren Arbeitsweg zu bestreiten.

    		  
       


    		 

      Sérgio Humberto (PPE). – Caro Presidente, Caro Comissário, Caros Colegas, em Portugal temos um provérbio que nos ensina que não devemos chorar sobre o leite derramado, e é por isso que devemos falar de soluções para o desafio que enfrentamos. Permitam‑me que partilhe convosco três prioridades para agirmos, porque ninguém cresce na estagnação. Repito: ninguém cresce na estagnação.

    Primeira: precisamos de investir na aprendizagem ao longo da vida. Aprender é a base para sermos mais produtivos e competitivos nos nossos territórios. Aprender em qualquer momento, em qualquer lugar vai‑nos preparar para as profissões do futuro e garantir um crescimento inclusivo.

    Segunda: precisamos de apostar na transição digital e tirar mais partido dos dados e da inteligência artificial, principalmente nas áreas da saúde, da energia e da biotecnologia.

    Terceira: precisamos de transitar para uma economia mais verde, de desenvolver uma verdadeira união energética numa verdadeira União Europeia.

    Precisamos de estar mais próximos. É tentador achar que estamos todos muito longe uns dos outros. No meu país, Portugal, também já estive longe, mas o longe faz‑se perto. Todos juntos somos muito mais do que 27. Se trabalharmos todos juntos, ninguém fica para trás.

    (O orador aceita responder a uma pergunta «cartão azul»)

    		  
       

    		 

      João Oliveira (The Left), Pergunta segundo o procedimento «cartão azul». – Senhor Deputado Sérgio Humberto, falou, na sua intervenção, da importância da educação e da formação para a qualificação dos trabalhadores. E eu quero que nos diga: como é que isso se faz, aceitando as restrições orçamentais que a União Europeia nos impõe? Como é que isso se faz – como neste momento acontece em Portugal – com o Governo que o senhor apoia a apresentar uma proposta de Orçamento do Estado que, aceitando as restrições orçamentais que a União Europeia nos impõe, não investe na escola pública, não investe na contratação e na requalificação das carreiras dos professores, não investe na contratação e na valorização dos auxiliares de ação educativa, dos técnicos especializados?

    Como é que isso tudo se faz? Porque, senão, o seu discurso é uma contradição com a prática.

    		  
       

    		 

      Sérgio Humberto (PPE), Resposta segundo o procedimento «cartão azul». – Caro Colega João Oliveira, durante os últimos nove anos, o meu país foi governado pela esquerda. Uma geringonça entre o Partido Socialista, o seu partido – o Partido Comunista – e o Bloco de Esquerda. Durante nove anos, desinvestiu‑se no sistema público educativo, desinvestiu‑se na saúde, desinvestiu‑se naquilo que eram os serviços públicos e este Governo, nos últimos – apenas – seis meses, já demonstrou que está a apostar na educação, que é fundamental para as pessoas crescerem.

    Nós só conseguimos redistribuir se nós formos um país mais rico e mais próspero.

    		  
       

    		 

      Elisabetta Gualmini (S&D). – Mr President, Commissioner, the spread of digital technologies is having a huge impact on the labour market, and innovations such as AI, robotics, quantum technology and 6G are triggering a wave of new demands for a new generation of advanced digital skills.

    The Draghi report strongly highlights how digitalisation and AI are essential, for example for the public sector due to its ability to provide quality public goods in the fields of health, education, justice and welfare. We need to work hard on the European digital decade programme and its ambitious goals, pushing professional training and life-long learning.

    We are still lagging behind: in Italy, only 22 % of the population have advanced digital skills. Only 30 % of SMEs have implemented a solid digital strategy, which is not a luxury, it’s a strategic asset. So we shouldn’t be afraid of change and Europe’s strength has always relied upon its people. By empowering them, we ensure that our communities grow and that the EU remains a global leader in innovation.

    		  
       

    		 

      Kris Van Dijck (ECR). – Voorzitter, commissaris, ik kom uit een land dat geen grondstoffen heeft, maar wel hersenen. Dat is het beste menselijk kapitaal. Wat voor Vlaanderen geldt, geldt in hoge mate voor heel Europa. Echter, PISA-resultaten tonen ons keer op keer dat de studieresultaten van onze jongeren er niet op vooruit gaan. Integendeel. We moeten dus onze lidstaten oproepen – niet in hun plaats treden, maar oproepen en ondersteunen – om de kwaliteit van ons onderwijs fundamenteel te verbeteren en op topniveau te brengen.

    Daarvoor moeten we streven naar uitmuntende prestaties, met aandacht voor kennisoverdracht bij kinderen en scholieren. We moeten leerkrachten en docenten de ruimte geven om hun werk te doen: lesgeven. We moeten gebruikmaken van moderne digitale technieken in alle opleidingen. We moeten universiteiten laten samenwerken en uitwisselen, bijvoorbeeld met het Erasmus+‑programma, over de grenzen heen. We moeten technische opleidingen en kunstopleidingen elkaar laten bevruchten. We moeten onderzoekers en wetenschappers in de EU de nodige omkadering en infrastructuur bieden, zodat ze niet vertrekken. We moeten projecten waarin we veel geld hebben gestoken niet laten doodbloeden zolang er resultaten zijn, zoals nu met de fusiereactor JET dreigt te gebeuren. Goed onderwijs is de basis voor een sterk Europa.

    		  
       

    		 

      Billy Kelleher (Renew). – Mr President, the Draghi report makes very sober reading for us in the European Union with regard to the challenges that we face in the digital economy and in the green economy in particular. Also, when you couple that with the demographic changes that are happening and the fact that we are an ageing population, our skills and labour force planning leaves a lot to be desired.

    What has happened now is that we’ve been found out with regard to skills shortages in key areas right across the entire economy. For example, 54 % of EU businesses, big and small, report skills shortages as the most pressing issue facing them.

    So we need to incentivise and reward upskilling and reskilling. We also need to promote lifelong learning, something that is more important as life expectancy increases over the years, and back‑to‑education and back‑to‑work as well. There are many cohorts of people, particularly women, who are not able to get back into the workplace because of a lack of support when finished with child rearing.

    That is a key area where we have consistently failed across many economies in the European Union in terms of incentivising and supporting labour activation and back‑to‑work and back‑to‑education for cohorts that were locked out for various reasons.

    So I hope that we invest in skills and lifelong learning and back‑to‑education, and support labour mobility as well.

    		  
       

    		 

      João Oliveira (The Left). – Senhor Presidente, a produtividade do trabalho tem vindo a aumentar sempre acima da evolução dos salários reais. A consequência disto é a transferência de riqueza criada pelos trabalhadores para o capital, e esse problema só pode ser resolvido aumentando os salários e garantindo uma distribuição mais justa da riqueza criada. Essa é a questão de fundo.

    Mas, este debate sobre a competitividade centra‑se, apenas, na comparação concorrencial com os Estados Unidos e a China. O relatório de Draghi é uma espécie de Bíblia não confessada da Comissão Europeia. Nesse relatório, os trabalhadores são vistos apenas como peças de uma engrenagem de produção, os seus direitos e necessidades não são considerados e a competitividade é abordada, dando prioridade à criação de empresas monopolistas pan‑europeias, à concentração e centralização do capital, ao agravamento da exploração de quem trabalha.

    O caminho do desenvolvimento e da justiça social é outro e tem de ter no centro das preocupações e prioridades políticas os trabalhadores, os seus direitos, os seus salários, as suas condições de vida e uma distribuição mais justa da riqueza criada pelo trabalho.

    		  
       

    		 

      Giusi Princi (PPE). – Signor Presidente, onorevoli colleghi, signor Commissario, la nostra capacità di rimanere competitivi e resilienti dipende dalla qualità delle competenze. La relazione Draghi evidenzia chiaramente come l’investimento in questo contesto sia essenziale per formare una forza lavoro altamente qualificata.

    È questa l’unica via per garantire all’Europa un ruolo leadership nelle industrie chiave come il digitale, l’energia verde e la finanza sostenibile. Nei primi vent’anni del XXI secolo abbiamo assistito a forme di conoscenza e di produzioni innovative che, in ultimo, con l’avvento dell’intelligenza artificiale, hanno generato profondi cambiamenti professionali. Il 56% dei lavori sta scomparendo e subirà imponenti trasformazioni entro pochi decenni.

    Occorre affrontare le nuove sfide ripensando a nuovi modelli educativi e formativi. L’Europa è ancora indietro negli investimenti, nella ricerca e nell’educazione rispetto a Stati Uniti e Cina. Ma anche all’interno dello stesso continente vediamo i Paesi del Nord investire maggiormente risorse umane rispetto alle aree marginali del Sud Europa.

    Il gruppo PPE e Forza Italia, con il suo recente documento economico, sono fermamente convinti che l’Anno europeo delle competenze debba quindi rappresentare un’opportunità per investire in modo uniforme in ricerca, educazione e innovazione per arginare la mancanza di specializzazioni e la profonda carenza tra domanda e offerta di competenze.

    Il nostro impegno, però, non può essere esclusivamente tecnico. Dobbiamo garantire che l’accesso alle competenze sia equo e inclusivo: tutti devono poter partecipare attivamente alla crescita europea per evitare che il progresso tecnologico crei nuove disuguaglianze.

    		  
       

    		 

      Tiemo Wölken (S&D). – Sehr geehrter Herr Präsident, liebe Kolleginnen und Kollegen! Die Liste der Herausforderungen, die Draghi uns ins Pflichtenheft geschrieben hat, ist lang. Da ist der unvollendete Binnenmarkt, da ist eine unkoordinierte Industriepolitik und immer größer werdende Abhängigkeit bei kritischen Technologien, die letztlich unsere politische Handlungsfähigkeit, aber auch unsere Gesellschaft als Ganzes bedrohen. Wir diskutieren jetzt aktiv die Bewältigung dieser Mammutaufgabe. Aber zu oft bleiben wir dabei bei plakativen, einfachen Forderungen. Die einen sagen „mehr Subventionen“, die anderen sagen „weg mit jeglicher Bürokratie“ – und das Problem sei gelöst.

    Diese vermeintlich einfachen Lösungen sind aber nicht die Antwort, denn Sie vergessen am Ende, worauf es ankommt – auf die Bürgerinnen und Bürger Europas. Wir brauchen für sie und mit ihnen eine digitale, eine grüne Transformation, die ganzheitlich ansetzt und den Menschen in den Mittelpunkt stellt. Und wir müssen fragen: Liebe Bürgerinnen und Bürger, was braucht ihr, um anzupacken, damit diese Transformation gelingt?

    Und ja, dazu gehören auch Subventionen und bürokratische Entlastungen. Aber es geht um gute Arbeitsplätze, um Arbeitnehmerinnen- und Arbeitnehmerrechte, um unsere Lebensbedingungen in Europa und das richtige Handwerkszeug für uns Europäerinnen und Europäer, und deswegen müssen wir gemeinsam anpacken.

    		  
       

    		 

      Beatrice Timgren (ECR). – Herr talman! EU vill överbrygga kompetensklyftan och öka konkurrenskraften enligt Draghi-rapporten. Men vad innebär det? Fler lånefinansierade bidrag som svenska sjuksköterskor och byggarbetare kommer att behöva betala och även framtida generationer.

    Draghi vill införa EU-skatter och avskaffa vetorätten. Det här är ett direkt hot mot Sveriges självständighet.

    EU föreslås också öka stödet till den digitala och den gröna omställningen. Det låter gulligt, men det blir en dyr affär för Sverige som redan är världsledande. Vi har redan plöjt ner miljarder i gröna prestigeprojekt som inte levererar. Räcker inte det?

    Det är vanliga medborgares intressen som vi ska värna, inte EU-kläggets utopiska visioner, som gör det svårt att driva företag, betala elräkningen eller få vardagen att gå ihop.

    Enligt tidningen Näringsliv borde Draghi-rapporten skrämma slag på EU. Jag undrar, lyssnar ni borgerliga EPP? Är ni beredda att hjälpa oss att skrota dessa galna planer?

    		  
       


    		 

      Andrea Wechsler (PPE). – Sehr geehrter Herr Präsident, sehr geehrte Damen und Herren! Am gestrigen Abend saß ich mit vielen jungen Menschen aus der Textilindustrie zusammen, die die Hoffnungsträger dieser Branche sind. Ich saß aber auch mit vielen Unternehmerinnen und Unternehmern zusammen, die diese Branche vertrauensvoll in die Hände der nächsten Generation geben wollen. Die Diskussion drehte sich immer wieder um die Frage: „Wie können wir, Alt und Jung gemeinsam, in Europa zusammenstehen, um den Wandel und die Transformation in Europa hin zu einer nachhaltigen, zu einer digitalen Zukunft zu gestalten?“

    Es zeigten sich immer wieder die zwei gleichen Herausforderungen: Es fehlt in der Textilindustrie, genauso wie in vielen anderen Branchen, der Nachwuchs; und zweitens stellen wir über die gesamte Arbeitnehmerschaft fest, dass essenzielle Kompetenzen, insbesondere im handwerklichen und digitalen Bereich, fehlen.

    Diese Herausforderungen können wir sogar in konkrete Zahlen fassen. Fast drei Millionen junge Menschen in Deutschland zwischen 20 und 34 Jahren haben keinen Berufsabschluss. Ihnen fehlen die essenziellen Kompetenzen, die Qualifikationen, die unser Arbeitsmarkt auch braucht. Das ist kein deutsches Phänomen; wenn wir den Bericht von Herrn Draghi ansehen, sehen wir, dass 42 % der Europäer die digitalen Fähigkeiten nicht haben, die sie für die Zukunft in Europa benötigen.

    Das ist nicht nur ein Alarmsignal, sondern das ist Auftrag für uns. Wir müssen mit aller Dringlichkeit den Fokus auf digitale und technische Kompetenzen legen und das in das Zentrum unserer Bildungslandschaft setzen. Wir müssen den Fokus auf lebenslanges Lernen legen und auch der älteren Generation eine Chance auf Weiterbildung geben.

    Für uns Christdemokraten steht der Mensch im Mittelpunkt unserer Politik. Wenn wir in unsere Bürgerinnen und Bürger, unsere jungen Talente, unsere erfahrenen Kräfte investieren, investieren wir in die Zukunft Europas.

    		  
       


    		 

      Tobiasz Bocheński (ECR). – Panie Przewodniczący! Dzisiejsza debata jest niesłychana, ponieważ kolejny raz, już niezliczoną liczbę razy dyskutujemy tutaj o tym samym. Unia Europejska znajduje się naprawdę w bardzo poważnym kryzysie gospodarczym i w kryzysie konkurencyjności, co wykazał raport Draghiego.

    Ale przychodzicie tutaj, deliberujecie i posługujecie się ciągle tymi samymi okrągłymi określeniami, z których nic nie wynika. Konkurencyjność nie bierze się z biurokracji, konkurencyjność nie bierze się z nadregulacji, nie bierze się z inflacji prawa. Konkurencyjność budowana jest przez przedsiębiorców. Konkurencyjność budowana jest przez wolność gospodarczą, która jest gnieciona od czasu przyjęcia traktatu z Lizbony przez dyrektywy i rozporządzenia Unii Europejskiej. Nie gwarantujecie i nie dajecie żadnej rękojmi, że jesteście w stanie przeprowadzić jakikolwiek skomplikowany, ambitny program, który doprowadzi do zwiększenia konkurencyjności w Unii Europejskiej.

    Powinniście zejść z tej drogi i dokonać głębokiej reformy ustawodawstwa europejskiego. Inaczej biegniemy ku ścianie i będziemy skansenem w porównaniu z Chinami i Stanami Zjednoczonymi.

    (Mówca zgodził się na pytanie zasygnalizowane przez podniesienie niebieskiej kartki)

    		  
       


    		 

      Tobiasz Bocheński (ECR), odpowiedź na pytanie zadane przez podniesienie niebieskiej kartki. – Ma pan częściowo rację, o tyle, o ile każde przedsiębiorstwo składa się zarówno z pracowników, jak i z pracodawcy. Ale nie jest prawdą, że powinniśmy akcentować jedynie rolę pracowników, ponieważ jeżeli tak będziemy robili, to doprowadzimy do sytuacji, w której nie będzie żadnych przedsiębiorstw i skończymy jak Związek Radziecki. Bogactwo narodów bierze się z pracy, jak pisał Adam Smith. Bogactwo narodów bierze się z przedsiębiorczości, a pracownicy mają dostawać godne wynagrodzenie za pracę, którą wykonują.

    		  
       



    		 

      Paulius Saudargas (PPE). – Mr President, Commissioner, dear colleagues, Europe is in a vicious circle. We all knew it, but Mario Draghi clearly stated it: the king is naked.

    We are not competitive anymore. We lack innovation. But who creates innovation? The people. But we are in a big shortage of those people. First of all, the demography. We are dying out. Secondly, the immigration does not solve the problem of shrinking labour force and does not reduce the skills gap because the migrants do not necessarily meet the right skills portfolio.

    This debate should be a clear message to our educational sector as well. The universities and schools should provide more up-to-date programmes in accordance with the market demand. But, of course, I do not question the need for EU to invest more. Investment in our brightest people and their haute couture skills is a most worthy investment.

    The skills shortage is a growing barrier to innovation. We have talent, but not enough. Europe produces only 850 science, technology, engineering and math graduates per million inhabitants per year, compared to more than 1 100 in the United States. So, having this type of dynamics, the problems will eventually grow. Additionally to the direct solutions in the educational system, we should also have in mind the demography and targeted immigration policy.

    Dear colleagues, the developing artificial intelligence and its adaptation in various sectors will open problems in the labour market that we never faced. Let’s be aware.

    		  
       


    		 

      Andrzej Buła (PPE). – Panie Przewodniczący! Panie komisarzu! Raport Draghiego i wiele innych badań oraz dokumentów pokazują, że mieszkańcy Europy dla własnego bezpieczeństwa zawodowego i poczucia osobistej wartości muszą mieć możliwość podnoszenia kompetencji i kwalifikacji. Chcemy, aby mieli warunki do kształcenia się przez całe życie. Trudno zmierzyć te wartości przez pryzmat potrzeb przedsiębiorców, ale wskazują oni, że konkurencja gospodarcza wymaga wysoko wykwalifikowanych kadr. Natomiast żaden mieszkaniec Europy nie powinien obawiać się, że czegoś nie umie, i bać się podejmować nowych wyzwań.

    Europejski Fundusz Społeczny ma ogromny, lecz wciąż niewykorzystany potencjał w zapewnieniu ukierunkowanych szkoleń i możliwości podnoszenia kwalifikacji. Dlatego też program ten powinien być kontynuowany także po 2027 roku, z odpowiednim, wysokim budżetem, tak aby mógł pełnić kluczową rolę w wyposażaniu naszego społeczeństwa w umiejętności przyszłości.

    		  
       

    		 

      Estelle Ceulemans (S&D). – Monsieur le Président, il est clair que des engagements forts doivent être pris pour améliorer les compétences et la formation, qui sont des composantes clés pour relever les défis des transitions climatique et numérique, mais aussi pour répondre à l’enjeu des pénuries d’emplois dans certains secteurs, comme ceux de l’aide aux personnes, des soins de santé et de l’enseignement.

    Mais il est important de souligner que cette question est surtout liée à celle de la qualité de l’emploi dans ces secteurs dits en pénurie. Tout d’abord, les salaires sont souvent trop faibles. Il faut donc faire en sorte de les hausser. Mais les conditions de travail posent aussi problème. Il faut donc œuvrer ensemble pour mieux aborder des sujets tels que les risques psychosociaux, le surmenage, le télétravail et le droit à la déconnexion.

    Enfin, reste la question de la conciliation entre vie privée et vie professionnelle. Ce point est déterminant pour mieux intégrer les femmes sur le marché du travail, il est aussi crucial pour les jeunes. Et puis, il faut reconnaître, et c’est essentiel, le rôle des interlocuteurs sociaux, qui sont les seuls à véritablement connaître les besoins des travailleurs et les réalités du monde du travail, et par conséquent à pouvoir répondre à ces enjeux de formation.

    		  
       

    		 

      Axel Voss (PPE). – Herr Präsident, Herr Kommissar, liebe Kolleginnen und Kollegen! Wir können nicht wirklich geschockt sein über die Erkenntnisse aus dem Draghi-Bericht. Seit Jahren hören wir eigentlich das Klagen, und wir nehmen es irgendwie nicht wirklich ernst. Wann müssen wir eigentlich mal aufwachen, glaube ich?

    Die digitale Agenda gehört an die Spitze unserer ganzen Agenda, und das muss wirklich ganz oben stehen, um die Menschen hier auch mitzunehmen. Bei dem digitalen Wettbewerb brauchen wir: erstens eine Garantie für die Hochgeschwindigkeitsverbindungen, für eine robuste digitale Infrastruktur; zweitens eine klare Strategie für digital skills, die die Ressourcen auch entsprechend bündelt; drittens ein EU-Visa-Programm auch für die digitalen Talente in der Welt; viertens eine offene und einheitliche Datenbank für Einzelpersonen und Unternehmen, um Umschulungsmöglichkeiten und Trainingsprogramme zu finden; und fünftens sollten wir auch umsonst Onlinekurse anbieten, um Kompetenzen im digitalen Bereich auch auszubauen.

    Jedenfalls sollten wir diese Entwicklungen wirklich ernst nehmen, und wir können uns heute nicht ernsthaft darüber beschweren, dass jemand außerhalb der Europäischen Kommission oder außerhalb des Parlaments uns erzählt, was wir machen müssen; das sollte schon von uns selber kommen. Deshalb hoffe ich, dass wir diesen Weg jetzt auch endlich beschreiten.

    		  
       


    		 

      Esther Herranz García (PPE). – Señor presidente, señor comisario, cuando hablamos del déficit de capacidades de competitividad, solemos siempre centrarnos en sectores relacionados con el desarrollo informático o la economía 4.0. Sin embargo, hay un sector económico clave para nuestra autonomía estratégica y nuestra competitividad al que no se le suele prestar atención, como es el de la agricultura y la ganadería.

    En las últimas décadas ha habido una enorme evolución en el uso de las nuevas tecnologías y técnicas de precisión en el sector primario, que requieren formación específica y avanzada para que pueda exprimirse todo su potencial. En esta línea, quiero felicitar a la Comisión Europea por impulsar el Pacto por las Capacidades en el sector agroalimentario: sé que hay voluntad de seguir apoyándolo durante este mandato y así espero que sea. Es vital para el desarrollo del tejido económico de las áreas rurales y para incentivar el relevo generacional.

    Y en esa misma línea, quiero aprovechar, antes de terminar, para pedir que se impulse una visión de la agricultura como sector económico atractivo también en las etapas formativas obligatorias. La agricultura y la ganadería deben ser un elemento fundamental en nuestras estrategias de competitividad y, sin atraer a futuros profesionales, será extremadamente difícil conseguirlo.

    		  
       

    		 

      Marc Angel (S&D). – Mr President, dear all, closing the EU’s skills gap is a must for all transitions that our society, our workforce and our economy are facing now and in the future. When it comes to the climate and to digital transitions, we need to come back to a positive narrative – highlighting the opportunities, but of course also addressing fears and doubts.

    To close our skills gap, we also need a true single market of skills by facilitating the recognition of the competencies of our workforces between our Member States.

    I want to thank Commissioner Nicolas Schmit for the work already delivered with the European Years of Skills, individual learning accounts and the extension of the Erasmus+ mission. All this has improved access to vocational education and training for all, and we must continue on that path.

    If the new Commission wants to use ‘skills, skills, skills’ as a mantra, we must not forget that our citizens, our workforce, young and old, will only embrace this if lifelong learning and upskilling lead to better jobs, to quality jobs.

    Indeed, when we discuss skills, we have to address the social dimension of competitiveness and jobs, and cherish social dialogue.

    		  
       


    		 

      Annalisa Corrado (S&D). – Signor Presidente, onorevoli colleghi, stiamo navigando in acque in tempesta, con profondi cambiamenti in atto che dobbiamo governare. Quando soffia il vento del cambiamento, gli stolti costruiscono muri, i saggi mulini a vento.

    L’Europa, alla prova di questa sfida, deve saper costruire un sistema di formazione e ricerca inclusivo e integrato, che consenta di sviluppare competenze con uno sguardo sistemico e multidisciplinare a servizio del bene comune, a servizio della trasformazione ecologica e digitale delle nostre economie e società.

    Serve una particolare attenzione alle competenze tecnico scientifiche. Impossibile governare questo cambiamento senza politiche di inclusione e sostegno per i giovani; impossibile, senza liberare l’enorme potenziale delle donne che sono tenute lontane dalle discipline tecnico-scientifiche da una spaventosa e antistorica arretratezza culturale, che non ha alcuna ragione di esistere: parola di ingegnera meccanica.

    Colleghe, colleghi, a partire dal bilancio 2025 e per il quadro finanziario del prossimo settennato, servono risorse all’altezza di questa sfida.

    		  
       

    		 

      Bruno Gonçalves (S&D). – Senhor Presidente, Mario Draghi avisou‑nos de que a Europa está a ficar para trás – uma economia menos competitiva, pouco inovadora e dependente de importações. A resposta da direita é sempre a mesma: cortes indiscriminados de impostos em benefício sobretudo das grandes empresas multinacionais. Mas não é assim que nós conseguimos mudar o nosso rumo.

    Reduzir o diferencial para os Estados Unidos e para a China, mas também para as assimetrias internas da nossa União, desenvolvendo as economias periféricas, exige uma indústria a sério, que contribua para uma redução das emissões com mais energias renováveis, uma indústria limpa, sustentável, que ofereça bons empregos para todos, sejam mais ou menos qualificados.

    Uma revolução digital tem também de ser social. Para isso, não há melhor solução do que investir nas pessoas. Só assim podemos garantir que a Europa de hoje tenha mão de obra especializada que nos faz falta; e, mais importante do que isso, que no futuro ninguém fica para trás. Ou esta é uma socialmente justa transição ou corre o risco de nunca ver a luz do dia.

    		  
       

       

    Catch-the-eye procedure

    		  
       

    		 

      Hélder Sousa Silva (PPE). – Senhor Presidente, Caro Comissário, Caros Colegas, o relatório de Draghi é bem claro: sem trabalhadores qualificados, o nosso futuro está claramente em risco. Hoje, as competências vão muito além da matemática e da gramática, é preciso dominar o digital e dominar também áreas transversais, como a sustentabilidade e a criatividade.

    Aqui, o Erasmus+ é verdadeiramente um aliado e este programa é muito mais do que mobilidade, é uma ponte entre a educação e o mercado de trabalho. Por isso, os cortes propostos pelo Conselho para o programa Erasmus+ são um erro estratégico e são verdadeiramente inaceitáveis. Daí que o Parlamento – e bem – proponha um reforço, para o ano de 2025, de cerca de 70 milhões de EUR.

    Agora, é tempo de agir, fortalecendo a competitividade, através do reforço da formação na nossa União.

    		  
       

       

    PRESIDENZA: PINA PICIERNO
    Vicepresidente

    		  
       


    		 

      Nina Carberry (PPE). – Madam President, Commissioner, the greatest asset that Europe has is its people. Since its inception, the European Union has funded and driven the development of its people through education, skills and apprenticeships.

    But if we are to compete on a global scale, we need to break down the barriers that are causing the skills gap in Europe. Housing, infrastructure, red tape, the cost of living – things that are not just unique to Ireland – are the main barriers. And while our urban areas are very attractive for our young skilled workforce, we need a more comprehensive plan for our rural areas. In my constituency, in the Midlands–North-West in Ireland, young people often see Dublin and other urban areas as their only option for work and education.

    The EU needs to be at the forefront of solving these problems with a comprehensive plan for the development of rural areas. We need to show young people that their future can be at home, that they can innovate and thrive, not tens of thousands of miles away, but right here in the European Union.

    		  
       


    		 

      Tomislav Sokol (PPE). – Poštovana predsjedavajuća, države članice, sve se više susreću s problemom nedostatka radne snage, a 54 % poduzetnika ističe da je žurno potrebno riješiti ovaj problem.

    U Draghijevom izvješću ispravno je primijećeno da su uzroci manjka radne snage neusklađenost obrazovnih sustava s potrebama tržišta rada, sve manji broj radno aktivnog stanovništva, ali i loši radni uvjeti gdje svakako spadaju i nekonkurentne plaće. Nedostatak kvalificirane radne snage i dalje je najvažniji ograničavajući čimbenik proizvodnje i sprečava jačanje europske konkurentnosti, a posebno ovim problemom pogođen je sektor turizma. Pored toga, nedostatak medicinskog osoblja, među kojima liječnika, medicinskih sestara i primalja, odavno je poznat i bitno utječe na kvalitetu pružanja zdravstvene skrbi pacijentima. Međutim, uvoz nisko kvalificirane radne snage iz trećih država nije dugoročno rješenje za ovaj problem. Zato odobravanju radnih dozvola ne smijemo olako pristupati. Stoga je važno kontinuirano raditi na poboljšanju radnih uvjeta, prilagođavanju obrazovnih programa potrebama tržišta rada, posebno u STEM području, te oblikovanju programa prekvalifikacija.

    Kolegice i kolege, neograničen uvoz radne snage dugoročno je neodrživ. Zato EU mora hitno djelovati na više razina. Očekujem stoga da nova Komisija u prvih 100 dana predstavi Akcijski plan za rješavanje pitanja nedostatka radne snage.

    		  
       

    		 

      Maria Grapini (S&D). – Doamnă președintă, domnule comisar, nu discutăm un subiect nou. De foarte mult timp constatăm că avem decalaje de competențe în Uniunea Europeană. Problema este, domnule comisar, dacă găsiți metodele bune, dacă se aplică. Avem multe programe: de reconversie, programe pentru competențe, mecanisme de ajustare, dar care este rezultatul? Vedem că nu reușim să eliminăm acest decalaj de competență. De ce?

    Educația trebuie suprapusă peste cerințele economiei. Avem o strategie acum de reindustrializare. De ce competențe avem nevoie? N-avem nevoie numai de diplome, avem nevoie de personal calificat. IMM-urile – 4 din 5 – nu-și găsesc oameni calificați. Nici celelalte companii n-au curajul să investească pentru că nu au personal calificat. De aceea, domnule comisar, sper ca noua Comisie să gândească când investește dacă are și un rezultat al investiției, și anume să eliminăm acest decalaj de competențe din Uniunea Europeană și între statele membre, dar și în raport cu piața globală.

    		  
       

    		 

      Branislav Ondruš (NI). – Vážená pani predsedajúca, dámy a páni, pri investíciách, aby znalosti a zručnosti pracujúcich zodpovedali technológiám či novým pracovným postupom, musíme dávať dôraz na to, aby z toho nemali prospech len firmy. U nás posilňujeme minimálnu mzdu, aby rástli aj tie ostatné, lebo zamestnávatelia si stále málo uvedomujú, že lepší zárobok a lepšie pracovné podmienky sú kľúčovou motiváciou pre celoživotné vzdelávanie. Ak nemajú ľudia zarábať viac, prečo by mali získavať nové znalosti a zručnosti len preto, lebo firmy, pre ktoré pracujú, budú konkurencieschopné? Lenže konkurencieschopnosť firiem, dámy a páni, má význam, iba ak sa prejaví aj na lepších pracovných podmienkach a vyšších platoch zamestnancov, nielen na ziskoch korporácií. Na Slovensku vytvárame systém individuálnych účtov, ktoré budú ľuďom poskytovať financie na vzdelávacie kurzy. Chcem presadiť, aby zamestnanci absolvovali vzdelávanie výlučne v pracovnom čase, a teda aby za čas strávený v kurze im firmy dali mzdu. Keďže kurzy zaplatíme z daní ľudí, považujem za férové, aby firmy prispeli aspoň takto.

    		  
       

    		 

      Grzegorz Braun (NI). – Madam President, ladies and gentlemen, this is no crisis. This is the result of your socialist policies. Just like famous and notorious socialist leaders Hitler, Stalin, Roosevelt had their plans – five-year plans, four-year plans, New Deal – so you have your Green Deal, Blue Deal, your migration pacts and so on and so on.

    You just can’t stop designing people’s future, stop messing around with our lives and our property. You don’t understand that you’re the main obstacle. While the other nations are conquering space, you’re changing bottle caps.

    This is the dimension of your ability. So please stop. The European Union has to be overthrown because the only dimension in which you could and you should be active is stability and security. The majority of you here are warmongers. So, the European Union, the Euro cohorts, should be overthrown.

    		  
       

    		 

      Milan Mazurek (NI). – Vážená pani predsedajúca, pomaly každý deň tu hovoríme stále o tom istom. Európska únia zaostáva, naše štáty sa prepadajú do chudoby. mladí ľudia si nie sú schopní zadovážiť normálne dostupné bývanie, pretože ceny nehnuteľností sú extrémne vysoké. Ale s čím máte, kolegovia, najväčší problém, je pomenovať vinníka tohto stavu. Ten vinník ste práve vy, ktorí hlasujete za väčšinu týchto nezmyselných európskych politík. Vinníkom sú ľudia, ktorí podporili v tomto pléne greend deal, ktorý obmedzuje životy ľudí na tej najzákladnejšej bazálnej úrovni. Vy zavádzate emisné povolenky pre domácnosti, vy predražuje palivá, vy spôsobujete vašimi ekonomickými sankciami, že život v Európe sa jednoducho prepadáva k stále horším a horším atribútom. Potom sa divíte, že Čína, Amerika, Rusko Európskej únii unikajú? Vy jednoducho potrebujete prestať s týmito nezmyselnými plánmi a nechať ľudí žiť normálne slobodne prosperovať a vyvíjať sa tak, ako to bolo v Európe odveky, keď Európa bola práve nositeľom inovácií vo svete. Toto plénum, Európska komisia a Európska rada sú kľúčovým dôvodom, prečo sa dnes takýmto spôsobom prepadáme.

    		  
       

       

    (Fine della procedura “catch the eye”)

    		  
       

    		 

      Janusz Wojciechowski, Member of the Commission. – Madam President, honourable Members, thank you very much for all contributions in this very interesting, inspiring debate. Particularly, as Commissioner for Agriculture, I’d like to thank those speakers who mentioned the importance of skills and education in agriculture. The modern agriculture requires high skills. Education and multidisciplinary knowledge is needed in this difficult job.

    There was in many speeches the question to compare development between the European Union and the United States. Maybe this is a good opportunity to mention that, in agriculture, despite having two times less agricultural land and having 12 times smaller farms in the European Union, the value of agricultural production is higher in the EU than in the US.

    We have also a very positive trade balance with United States, because the value of exports is about EUR 28 billion and imports about EUR 11 billion.

    Thank you again for the discussion. Adapting skills policy to the changing society and the changing labour market is, by definition, a continuous process. The European Year of Skills has left an important legacy. This legacy is reflected in the political guidelines of President von der Leyen, committing to the establishment of a Union of Skills in her next mandate. Europe needs this overarching political strategy to close the skills gap, to strengthen our competitiveness and social well-being.

    		  
       

    		 

      Presidente. – La discussione è chiusa.

    		  

    4. Abuse of new technologies to manipulate and radicalise young people through hate speech and antidemocratic discourse (debate)


    		 

      Janusz Wojciechowski, Member of the Commission. – Madam President, honourable Members, respect for human dignity and fundamental rights, including equality, are founding values of the Union.

    Hate speech, inciting violence and hatred on the grounds of race, colour, religion or ethnic origin is illegal in the EU also when it happens online. Hate waves starting online lead to polarisation and radicalisation and many turn into violent attacks.

    We have seen that new technologies are abused to foster anti-democratic views. Young people are particularly targeted and exposed. We must help young people become more resilient to extreme views. For them and for our democracies, as youngsters are the citizens of tomorrow.

    The EU horizontal framework to create a safer online space is the Digital Services Act (DSA). Under the DSA, online platforms have to set up new and user-friendly mechanisms to flag illegal content, and they must better explain their content moderation decisions. They are also obliged to promptly inform law enforcement or judicial authorities of any suspicion of a criminal offence involving a threat to the life or safety of a person.

    The major platforms like TikTok, Instagram, Facebook, Snapchat or YouTube need to identify and assess any systemic risk their services may pose. They need to ensure that illegal contact content does not go viral easily, and adapt their algorithms to protect minors.

    During the last six months, the Commission has opened investigations against TikTok, Meta and Instagram related to the protection of minors. The industry has committed to a voluntary code of conduct on countering illegal hate speech. Signatories must swiftly review hate speech noticed within 24 hours and swiftly remove illegal content. An updated version of this code is in the process of being integrated in the Digital Services Act, thus becoming part of its risk mitigation approach.

    The response of hate speech needs to involve citizens at large. We made this clear in the Commission communication of December last year on combating hate. In June, the Commission organised a European Citizens’ Panel on tackling hatred in society and focusing on digital threats. It showed that dialogue can overcome polarisation. The Commission is committed to following up on the citizens’ recommendations.

    In the fight against disinformation, the EU supports the European Digital Media Observatory. Independent fact-checkers, researchers and media literacy experts detect, analyse and expose potential disinformation threats. A wide network of trusted vloggers are already active in identifying illegal hate speech. They will soon benefit from the trusted flagger mechanism in the DSA.

    In the fight against hate and disinformation, it is also crucial to promote transparency, democratic accountability, pluralism and free and vibrant democratic debates. Last year, to support young citizens in the exercise of their electoral rights, the Commission adopted recommendations to Member States. This led to the signature of a joint code of conduct by European political parties ahead of the recent European Parliament elections. Your parties agreed to encourage inclusive political discourse and committed to refrain from disseminating content that incites violence or hate speech.

    Young people constitute a vulnerable group which can be exploited through the misuse of political advertising. With the new Political Advertising Regulation, it will not be possible to target political ads to young people at least one year under the voting age. Education plays a vital role in equipping all young people with the competencies to think critically about the content and discourse they encounter online and to actively combat efforts to radicalise and divide.

    Democratic citizenship education should equip all citizens with specific competencies to build their resilience against disinformation. Digital literacy is a key prerequisite for informed, confident and empowered digital citizens. The digital education action plan frames the commitment to implementing high-quality and inclusive digital education.

    Honourable Members, radicalisation is a complex process. It starts when somebody embraces an ideology or belief that accepts violence to reach a political or ideological goal. Artificial intelligence is increasingly being used for the dissemination of violent and terrorist content online that can lead to radicalisation.

    To counter that, the Commission has taken a number of important actions. This year we launched the EU Knowledge Hub for Prevention of Radicalisation to support Member States in preventing violent extremism at national level. Terrorists and violent extremists misuse the internet to spread their message to intimidate, radicalise, recruit and facilitate their actions.

    The European Union Internet Forum brings together tech companies, Member States, law enforcement agencies, civil society organisations and academia. Together, they develop concrete actions to address violent extremism and terrorist content online.

    In 2021, we adopted a regulation allowing Member States to issue removal orders of terrorist content to online service providers to be acted upon within 24 hours. So far, more than 1 100 removal orders were already issued.

    Looking after the well-being of younger people and children is a duty that we all have. We need to support them and give them the means they need to stand strong in the face of polarisation and not to fall prey to radicalisation. We need to understand the broader impacts of social media on them, and it is with this in mind that President von der Leyen announced an EU-wide inquiry on this topic in her political guidelines.

    I look forward to listening to your views in this multidimensional challenge.

    		  
       

    		 

      Lídia Pereira, em nome do Grupo PPE. – Senhora Presidente, o discurso do ódio online pode ser virtual, mas as consequências são bem reais. Há estudos que mostram que, em países como Portugal, um em cada dez jovens é vítima deste tipo de violência – um círculo vicioso que se perpetua, com vítimas a tornarem‑se agressores, e que vai afetando gerações. Embora as ofensas sejam virtuais, elas, de facto, têm impacto nas vidas reais; e a história de Nicole Fox, Coco, é um exemplo duro, como o PPE bem demonstrou numa campanha recente.

    No entanto, homens e mulheres sofrem de forma diferente com este fenómeno. Em Portugal, um grupo de Telegram onde 70 000 participantes, pessoas, devassam a intimidade das mulheres e, em alguns casos, de familiares. Este caso merece a nossa condenação e consternação. Seja a participação, a presença ou a própria existência desse grupo merecem o nosso repúdio. Este é um exemplo de um caso, e permitam‑me utilizar a palavra, de um caso nojento e inaceitável, cuja resposta só pode ser uma: meios para investigação e mão pesada nas penas.

    Mas, este combate não pode transformar‑se numa censura digital. Não podemos, sequer, cair na tentação de privatizar a responsabilidade pela gestão do discurso público digital, ao responsabilizar apenas as plataformas digitais. Isso representaria uma censura privada. Precisamos de maior capacitação judicial, maior colaboração com as plataformas digitais, maior consciencialização dos utilizadores – especialmente dos mais jovens – na utilização e nos riscos das redes sociais.

    O buraco negro do mundo digital cresce. O respeito entre homens e mulheres alicerça a convivência, a concórdia e a harmonia em sociedade, e esse, sim, tem de ser real.

    		  
       

    		 

      Alex Agius Saliba, on behalf of the S&D Group. – Madam President, what is illegal offline should be illegal online. Tech firms often use every dirty trick that they can think of to maximise their profits and keep their audience hooked through sensationalist and harmful content. Unfortunately, violent extremists are using the same tricks, and with predatory algorithms, troll farms and bots spewing misinformation and disinformation, catchy memes and short clips are finding ways to recruit, socialise and target young people that are particularly vulnerable to online propaganda, hate speech and violent content.

    The problem is not a new one, yet for many years we have treated the web as the digital Wild West, where everything was allowed. To change this, we must ensure that companies running social media platforms are not exploitative and do not cause harm, and that they keep their services safe and free from hate speech, misinformation and malicious algorithmic activities. To this end, we need to properly enforce the legislation already in place, demand results and impose larger sanctions on tech giants that fall short.

    Second, we need media and digital competences enshrined to all educational levels and for all generations. This will help young people, in particular, to develop critical‑thinking skills and build resilience to violent, extremist and terrorist content online. Young people need to know their rights, distinguish facts from opinions, understand how societies work and should work, the value of privacy and the protection of their personal data, and how technologies and social media can be manipulated, and how to safeguard themselves against it.

    Last but not least, we need to address the root causes of radicalisation, since there is no single cause or pathway into radicalisation and violent extremism. The digital technologies might be a facilitator, but they are rarely the cause. Radicalisation doesn’t happen overnight and, as a community, we all have a crucial role to play in ensuring our young people remain safe.

    		  
       

    		 

      Jorge Buxadé Villalba, en nombre del Grupo PfE. – Señora presidente, jamás en la historia de Occidente el ser humano ha sido sometido a este nivel de censura y tortura intelectual, convirtiendo al criminal en víctima y a la víctima en criminal.

    Publicar un tuit preguntando cuál es la nacionalidad del último asesino o violador en Barcelona no es un crimen; no es un crimen denunciar que las mujeres han perdido 900 medallas en competiciones deportivas porque hombres que dicen ser mujeres les han arrebatado los triunfos injustamente; no es un crimen publicar que tu novia se siente insegura desde que el presidente de turno de tu región decidió abrir un centro de inmigrantes ilegales en tu barrio; no es un crimen denunciar los asesinatos masivos de inocentes por parte de comunistas en Paracuellos o en Katyn; no es un crimen publicar la foto de un feto triturado en una clínica abortista; no es un crimen contar que España civilizó a América, acabó con el canibalismo y construyó hospitales, templos y universidades.

    Pero sí es un crimen introducir algoritmos para dirigir al usuario hacia los mensajes que los millonarios quieren que veas en Telegram o en Facebook; bloquear y suspender la cuenta de Donald Trump; ofrecer a Elon Musk —como hizo la Comisión Europea— un acuerdo secreto e ilegal para censurar el discurso político a cambio de no ser multado; detener a decenas de británicos por convocar en redes sociales manifestaciones contra la inseguridad y la inmigración ilegal; utilizar el Centro para Contrarrestar el Odio Digital del Reino Unido para matar la red social de Elon Musk; o, como está haciendo Kamala Harris, pagar a falsos verificadores de noticias para desinformar y cancelar.

    Así que, jóvenes, seguid haciéndolo: contad lo que vivís, denunciad a los responsables y sentíos libres para expresar lo que os dé la puñetera gana. La libertad de expresión es la libertad de los patriotas.

    		  
       

    		 

      Piotr Müller, w imieniu grupy ECR. – Pani Przewodnicząca! Nie ma wątpliwości co do tego, że powinniśmy zajmować się ochroną przed treściami, które mogą być szkodliwe, przed treściami, które mogą wpływać źle na społeczeństwo, a w szczególności na wychowanie dzieci.

    Natomiast w tej Izbie i również w Komisji Europejskiej ten temat jest wykorzystywany bardzo często do tego, aby podjąć kroki idące o wiele dalej. Kroki, które powodują, że ogranicza się możliwość swobody wypowiedzi. Kroki, które powodują, że wprowadza się prewencyjną cenzurę. Wreszcie kroki, które powodują, że pada propozycja wycofania się z możliwości szyfrowania danych, szyfrowania komunikacji w takich komunikatorach jak Signal, WhatsApp, Messenger i tak dalej.

    Komisja Europejska ostatnio przedstawiła jeden z projektów, który zakłada między innymi właśnie likwidację szyfrowanej komunikacji i prewencyjne skanowanie treści obywateli. Szanowni państwo, to jest chyba wersja chińskiego internetu, a nie europejskiego!

    Ja od Komisji Europejskiej domagam się jasnej deklaracji, że projekt Chat Control pod kątem likwidacji szyfrowania zostanie wycofany. To jest pierwsza rzecz. I domagam się wreszcie odpowiedzi na pytanie, czy proponowaliście nielegalne porozumienia pod adresem X, pod adresem Elona Muska?

    		  
       

    		 

      Laurence Farreng, au nom du groupe Renew. – Madame la Présidente, Monsieur le Commissaire, depuis peu la propagande néonazie est devenue cool. Ça s’appelle le «pop fascisme», ça fait florès sur les réseaux sociaux, c’est du prêt-à-penser pour les jeunes. Il y a quelques semaines, j’ai été profondément choquée en découvrant un clip et un jeu vidéo sur le thème de la remigration créé par la branche jeunesse de l’AfD, parti allemand d’extrême droite dont quatorze députés siègent ici, dans ce Parlement. C’est pourquoi j’ai demandé ce débat. Les images, créées par intelligence artificielle, utilisent tous les codes de la propagande nazie. On y voit des personnes blanches, blondes, aryennes, qui dansent sur de la musique techno en refoulant dans des avions des personnes racisées. Le refrain? «Nous les renvoyons tous!» C’est intolérable.

    Si les œuvres racistes envahissent l’internet, je note ici une escalade, parce que ce clip et ce jeu vidéo ont été créés par un parti politique – l’AfD. On peut certes s’abriter derrière les législations. Oui, nous avons le règlement sur les services numériques pour rendre les plateformes responsables des contenus qu’elles hébergent – et notamment TikTok, quand on s’adresse aux jeunes. Oui, il faut rendre ces plateformes responsables, mais, à ma connaissance, cette vidéo circule toujours sur X.

    Alors qu’en France, par exemple, un jeune sur cinq ne sait pas ce qu’est la Shoah, il faut aller plus loin et condamner effectivement tous les contenus racistes, en commençant par sanctionner les ennemis de la démocratie qui sont déjà parmi nous.

    		  
       


    		 

      Pernando Barrena Arza, en nombre del Grupo The Left. – Señora presidenta, como todo cambio disruptivo, las enormes ventajas derivadas de la utilización de las nuevas tecnologías también tienen otra cara, en este caso proporcionada por la deshumanización que permite el anonimato. El crecimiento de las posiciones de ultraderecha tiene mucho que ver con la manipulación online para difundir mensajes de odio y antidemocráticos, desde los deepfakes a la mera difusión masiva de información falsa y difamante: todo vale. Y hasta las nuevas mayorías en este Parlamento tienen mucho que ver con la utilización de esos recursos oscuros. Creo que ustedes ya me entienden.

    Es especialmente grave que las plataformas que permiten este comportamiento estén en manos de magnates que las explotan en clave pura y dura de negocio. Son cuentas empresariales que no tienen ningún interés ni responsabilidad social y a quienes no interesan ni la veracidad ni el interés público.

    Existe una necesidad de nuevas plataformas, nuevas herramientas moderadas en contenidos veraces y legítimos, por encima de la rentabilidad y de la cuenta de resultados, que prioricen el interés público. No hay iniciativa privada que asegure el interés público; esto solo puede ser garantizado desde el ámbito público y, por lo tanto, emplazamos a la próxima Comisión a que nos haga llegar una reflexión sobre cómo desde ese ámbito público europeo se pueden crear nuevas plataformas que superen el modelo de negocio actual y garanticen la utilidad pública.

    		  
       

    		 

      Petras Gražulis, ESN frakcijos vardu. – Sveiki, esu paskutinis Sovietų Sąjungos politinis kalinys. Dėl to, kad kovojau prieš komunizmą, prieš šią ideologiją, buvau sovietiniuose lageriuose kalinamas. Šiandien, atgavus nepriklausomybę Lietuvai, ir vėl matosi kuriama nauja ideologija – genderistinė ideologija, baisesnė už komunistinę ideologiją. Ir tie, kurie gina krikščioniškas vertybes, pasisako prieš genderizmą, jie yra persekiojami Europos Sąjungos, jie yra teisiami. Neduok Dieve, „Facebook’e“ ar socialiniame tinkle išsakysi savo krikščionišką poziciją, kad tai yra nusikaltimas, homoseksualizmas. Tu būsi teisiamas. Ir man Lietuvoje iškelta byla, kad skaičiau apaštalo Pauliaus laišką romiečiams. Kur mes einame? Ta pati diktatūra, sukurta Europoje, tik ne komunizmo, o kažkokio genderizmo ir prisidengiant žmogaus teisių pagrindu. Mes einame, Europa, į susinaikinimą. Kadangi atsisakome savo vertybių, priimame kažkokią tai iškrypusią ideologiją. Kai atėjo galas Sovietų Sąjungai, ateis galas ir Europos Sąjungai, jeigu ji nekeis savo ideologijos ir nedraus žodžio laisvo, o krikščionims išpažinti ir reikšti savo tikėjimą.

    		  
       

    		 

      Ελεονώρα Μελέτη (PPE). – Κυρία Πρόεδρε, αγαπητοί συνάδελφοι, στη χώρα μου, την Ελλάδα, πρόσφατα, μια ομάδα ανήλικων κοριτσιών οργάνωσαν μέσω διαδικτυακής πλατφόρμας τον ξυλοδαρμό μιας συμμαθήτριάς τους. Τα ηχητικά μηνύματα και το οπτικό υλικό που είδαν το φως της δημοσιότητας ήταν σοκαριστικά. Το βίντεο του ξυλοδαρμού έγινε viral. Το κορίτσι κατέληξε στο νοσοκομείο και οι φίλοι της παρακίνησαν τον κόσμο σε εκδίκηση μέσω ρητορικής μίσους, δημοσιοποιώντας στα μέσα κοινωνικής δικτύωσης τα στοιχεία των δραστών. Στο Βέλγιο ένας άνδρας αυτοκτόνησε γιατί εικονικός συνομιλητής, προϊόν τεχνητής νοημοσύνης, τον έπεισε να θυσιάσει τη ζωή του για να σταματήσει η κλιματική αλλαγή. Σε πολλά κράτη μέλη οι ίδιες οι πλατφόρμες χρησιμοποιούνται για να πολώσουν και να στρατολογήσουν νέους για τρομοκρατικές επιθέσεις.

    Είναι ξεκάθαρο πως οι νέες τεχνολογίες αποτελούν πλέον ένα νέο κανάλι διάδοσης εξτρεμιστικών απόψεων και στρατολόγησης ατόμων σε εγκληματικές πράξεις. Η Ευρώπη πρέπει να αντιδράσει και να δράσει. Έχει γίνει μια καλή αρχή με τους κανόνες που περιγράφονται στην πράξη για τις ψηφιακές υπηρεσίες. Χρειάζεται όμως και άλλη πίεση. Οφείλουμε να ποινικοποιήσουμε τη ρητορική μίσους. Χρειάζεται η ανωνυμία του διαδικτύου να αίρεται όταν αυτό είναι απαραίτητο. Πρέπει να βρεθεί ένας τρόπος να δαμάσουμε τη σκοτεινή πλευρά της τεχνητής νοημοσύνης. Είναι ανάγκη να ελέγχεται η πρόσβαση των παιδιών στο διαδίκτυο και να απαγορεύεται ρητά σε συγκεκριμένες παιδικές ηλικίες για το καλό όλων μας. Στη χώρα μου, η κυβέρνησή μας έχει ήδη ενσωματώσει την πράξη για τις ψηφιακές υπηρεσίες. Η Επιτροπή όμως οφείλει να ελέγχει την ενσωμάτωση του κανόνα σε όλα τα κράτη μέλη.

    Οι νέες τεχνολογίες έχουν να προσφέρουν πολλά καλά στην ανθρωπότητα, αλλά αυταπόδεικτα μπορούν να μετατραπούν σε σκληρά όπλα, ικανά να προάγουν τον τρόμο, το ψέμα, το φόβο, το μίσος, τη βία. Είναι στο χέρι μας αυτό να αλλάξει.

    		  
       

    		 

      Sabrina Repp (S&D). – Frau Präsidentin! Neue Technologien bieten große Chancen: Sie eröffnen den Zugang zu einer Welt des Wissens und der Vernetzung. Doch es gibt auch eine Kehrseite: Die Macht der großen digitalen Plattformen ist mittlerweile überdimensional gewachsen. Es beunruhigt mich, dass wir uns auf die moralischen Vorstellungen der wenigen Milliardäre verlassen, die diese Plattformen kontrollieren. Wir sollten uns nicht von der Tageslaune eines Elon Musk, eines Mark Zuckerbergs oder gar eines Wladimir Putins abhängig machen.

    Der Einfluss dieser Plattformen auf unsere Demokratie ist unübersehbar. Der Brexit war nur ein Vorgeschmack dessen, was passieren kann, wenn Algorithmen entscheiden, welche Inhalte wir sehen. Je radikaler der Inhalt, desto mehr Klicks bekommt er. Und das Ergebnis: eine verzerrte Realität, in der Angst, Hass und Misstrauen gegenüber unseren demokratischen Institutionen genährt wird. Das machen sich auch Abgeordnete der AfD hier aus dem Europäischen Parlament zu eigen: Wenn sie beispielsweise auf TikTok eine klare Abneigung gegenüber Immigration, Islam oder queeren Rechten zeigen, werden häufig Fake News und Hassreden verbreitet.

    Besonders betroffen von diesen Entwicklungen sind junge Menschen. Oft fehlt das Bewusstsein, um zwischen wahrer Information und gezielter Desinformation zu unterscheiden. Die psychologischen und emotionalen Auswirkungen von Hassrede und Hetze auf Jugendliche sind enorm; sie gefährden ihr Vertrauen in die Gesellschaft, in die Demokratie und in ihre Zukunft. Auch das sehen wir beim Wahlverhalten junger Menschen bei den Ost-Landtagswahlen in Deutschland: In Thüringen setzten laut der Forschungsgruppe Wahlen 35 % der Menschen zwischen 18 und 29 Jahren ihr Kreuz bei der AfD.

    Wir müssen digitale Plattformen daher stärker in die Pflicht nehmen. Es braucht klare Regeln und effektive Mechanismen, um hasserfüllte und antidemokratische Inhalte schnell zu erkennen und zu entfernen. Zudem müssen wir zivilgesellschaftliche Organisationen, die gegen eine solche Radikalisierung kämpfen, stärker unterstützen und gemeinsam Hassrede und Fake News entgegentreten.

    Das Internet soll ein Ort des Wissens und des Miteinanders bleiben und kein Raum, der unsere Demokratie untergräbt.

    		  
       


    		 

      Ивайло Вълчев (ECR). – Уважаеми колеги, безспорно трябва да се борим срещу радикализацията в интернет, но аз бих казал, че трябва да осъждаме всяка една дискриминация и радикализация.

    Да, расизмът и ксенофобията са недопустими, но нека със същия плам да осъждаме и радикалните действия на зелени активисти, които застрашават обществения ред и сигурността. Заливането на културно наследство с боя, блокирането на пътища и летища не могат да бъдат приемливи форми на протест. А твърде често виждаме как те биват нормализирани.

    От друга страна, скъпи колеги, технологиите сами по себе си не могат да бъдат винени за процеса на радикализация на младите там, където това се случва. Общественият дебат в последните десетилетия прие твърде рязък идеологически завой наляво. Това означава, че днес политически позиции, например срещу еднополовите бракове или срещу нелегалната миграция, oт допустими в обществения дебат преди години сега се обявяват за радикални. И ако това имате предвид под антидемократични изказвания, то аз ви поздравявам. Джордж Оруел би се гордял с вашия новговор.

    		  
       

    		 

      Христо Петров (Renew). – Уважаеми колеги, ние тук си говорим за нови технологии и за социални мрежи и казваме, че те са част от живота на младите хора, но за много млади хора социалните мрежи не са част, те са целият им живот и това е проблем. Проблем е, защото освен загубата на време, човек става много по-лесно жертва на пропаганда, на радикализация или проводник на реч на омразата.

    Замислете се колко от вас в тази зала, ако имаха шанса да се върнат в своето детство или в своята младост, биха прекарвали времето си в социалните мрежи. Аз вярвам, че решението на проблема, който обсъждаме, е в образованието, в образование, което да подготвя младите хора за съвременната реалност и да им обясни една проста истина, че няма нито един успешен човек на тоя свят, който да прекарва основното си време в социалните мрежи.

    		  
       

    		 

      Alexandra Geese (Verts/ALE). – Frau Präsidentin, Herr Kommissar, sehr verehrte Kolleginnen und Kollegen! Nazipropaganda, rechtsextreme Hetze, Hass auf Frauen oder extremistischer Salafismus: auf TikTok findet man das alles. Aber welcher junge Mensch sucht denn aktiv nach solchen Inhalten? Fast niemand. TikTok sorgt dafür, dass sie sie trotzdem sehen, denn die Plattform spült grenzwertige Videos in die Timeline. Und wer aus Neugier oder sogar Entsetzen den Fehler macht, sie bis zu Ende zu schauen oder gar zu kommentieren, vielleicht auch kritisch, der bekommt immer wieder den gleichen Content vorgesetzt und landet in einem rabbit hole.

    Und wenn man überlegt, dass im Durchschnitt Nutzer 1,5 Stunden am Tag auf TikTok verbringen, dann kann man sich vorstellen, was passiert, wenn jedes zweite oder dritte Video extremistisch ist: Dann entsteht ein Weltbild, das mit der realen Welt praktisch nichts mehr zu tun hat. Und so werden Menschen radikalisiert – islamistisch, rechtsradikal, antisemitisch oder frauenfeindlich.

    Mit Technologie hat das nichts zu tun, aber ganz viel mit Geschäftsmodell. Aber glücklicherweise können wir handeln. Mit dem Digital Services Act können wir diese Radikalisierungsalgorithmen so ändern, dass Nutzerinnen und Nutzer ihre Inhalte selbst auswählen können und dass sie ihnen nicht vorgesetzt werden. Und das ist jetzt unsere dringlichste Aufgabe, um die Demokratie, aber auch die Sicherheit unserer Bürgerinnen und Bürger in Europa zu schützen.

    (Die Rednerin ist damit einverstanden, auf eine Frage nach dem Verfahren der „blauen Karte“ zu antworten.)

    		  
       

    		 

      Sebastian Tynkkynen (ECR), sinisen kortin kysymys. – Arvoisa puhemies, olen puhujan kanssa aivan samaa mieltä siitä, että natsipropagandaan pitää puuttua. Se on väärin, ja olitte huolissanne siitä, kuinka se lisää antisemitismiä. Minä ihmettelen sitä, että te kuitenkin jätätte sen puolen mainitsematta, mikä on tällä hetkellä suurin syy antisemitismiin niin TikTokissa kuin muissa kanavissa. Nämä videot, joissa huudetaan, että “From the river to the sea”, eli Hamas-symppaaminen, se leviää tällä hetkellä. Miksi jätitte tämän asian mainitsematta?

    		  
       

    		 

      Alexandra Geese (Verts/ALE), blue-card answer. – You might have noticed from my speech, I am German and I know that the biggest source of antisemitism has not come from Palestine, but from Europe. I have studied my history.

    As far as current antisemitism is concerned, I don’t care what the source is. I don’t care if it’s far right, you know, or whether it is Muslim. It’s not important. The important thing is that we combat it and that we protect Jews. This is what we need to do on the internet and that means going against terrorist or clearly illegal content.

    But as far as legal content is concerned – and a lot of content is legal – having opinions about the way Israel is defending itself, that is legal if it’s not antisemitic. And this is where we need to change the algorithms to make sure that people access content they actually want to see and not the content that TikTok, that the platform, wants them to see, pushing them into a rabbit hole, because this is what drives radicalisation.

    		  
       

    		 

      Ivan David (ESN). – Paní předsedající, dámy a pánové, od doby, kdy se po celém dříve demokratickém světě zmocnili všech nejvýznamnějších médií miliardáři, aby manipulovali veřejností, jsou jedinou šancí demokracie, tedy vlády lidu, sociální sítě a internet. Do konce minulého století byli světovládní darebáci v klidu, protože nebylo možné veřejně se bránit pomluvám a jiným lžím. Chápu, že hluboký stát nese nelibě omezení svého monopolu na ovládání veřejného mínění.

    Ale důrazně připomínám článek 17 Listiny základních práv a svobod, který zní: „Každý má právo vyjadřovat své názory, jakož i svobodně vyhledávat, přijímat a rozšiřovat ideje a informace bez ohledu na hranice státu. Cenzura je nepřípustná.“ Je marné zakazovat nenávist, kterou vyvolávají zločiny.

    		  
       

    		 

      Milan Mazurek (NI). – Vážený pán predsedajúci, pán komisár, aj Mao Ce-tung a súdruh Stalin by boli hrdí na to, čo ste tu vo svojom prejave povedali. Veď to je príšerné, do akej totality sa Európska únia pod vaším vedením aktuálne uberá! Viete, kto sú skutoční extrémisti? Tí, ktorí tu nariadili ľuďom žiť pod nezmyselným green dealom, ktorý im ničí ich životnú úroveň, vďaka ktorej si normálni mladí ľudia nemôžu kúpiť ani len nový dom, v ktorom by zakladali svoje rodiny. Extrémisti sú tí blázni, ktorí sa lepia o chodníky a asfalty, aby bránili ľuďom, aby mohli autami prísť normálne domov. Extrémisti sú tí, ktorí do Európy vozia milióny nelegálnych imigrantov a pomáhajú im v rozpore so zákonom prekračovať hranice našich štátov. To sú skutoční extrémisti, nie vlastenci, nie patrioti, nie tí, ktorí milujú svoje štáty. Tí, ktorí milujú svoje krajiny, ktorí chcú chrániť svoje deti a svoje rodiny pred nebezpečenstvom, ktoré im aktuálne hrozí. My chceme zachovať svet a Európu slobodnú, a preto sa potrebujeme zbaviť ľudí, ako ste Vy, vo vedení Európskej komisie. Potrebujeme návrat k zdravému rozumu, a keď to pre Vás bude znamenať radikalizmus, tak sa k tomu hrdo hlásim, pretože sloboda je to, čo Európska únia aktuálne potrebuje.

    		  
       


    		 

      Zoltán Tarr (PPE). – Tisztelt Elnök Asszony! Kedves kollégák és kedves fiatalok, akik nagyon sokan ültök fönt a lelátókon. Örülünk, hogy itt vagytok. Én azt gondolom, hogy sokan egyetérthetünk abban, hogy nagyon sok jó lehetőséget kínálnak nekünk az új digitális technológiák, az új technológiák. Nem is szeretném démonizálni őket. Ugyanakkor azt is tudjuk, hogy ezek az eszközök sokszor a politikai manipulációra és radikalizálódásra használódnak a fiatalok között, tovább súlyosbítva az álhírek terjedésével és az összeesküvés-elméletek terjedésével ezeken az eszközökön keresztül.

    A tartalomgyártók és a platformok üzemeltetői hatalmas felelősséggel tartoznak ebben a helyzetben. Alapvető kötelességük az, hogy a platformjaikon megjelenő tartalmakat jobban monitorozzák, és felelősségteljesebben szűrjék azért, hogy a fiatalok, akik most is itt vannak, és esetleg néznek bennünket, minél kevesebb káros tartalommal találkozzanak.

    Az a megoldás – azt gondolom –, hogy a tudatos médiahasználatot erősítsük az oktatásban, nem pedig a modern média kizárása az iskolákból. A meglévő szabályok, törvények alkalmazása a tagállamokban, valamint a nagy online platformok magatartási kódexeinek folyamatos fejlesztése és monitorozása.

    Meg kell akadályoznunk, hogy a gyűlöletbeszéd és az antidemokratikus propaganda és a politikai manipuláció terjedjen a gyermekek között, és ebben nekünk is, képviselőknek is nagy felelősségünk van. Az, hogy mi hogy szerepelünk, mit mondunk, óriási jelentőséggel bír.

    		  
       

    		 

      Francisco Assis (S&D). – Senhora Presidente, Senhor Comissário, a tolerância ilimitada leva ao desaparecimento da tolerância. Se estendermos a tolerância ilimitada mesmo aos intolerantes e se não estivermos preparados para defender a sociedade tolerante do assalto da intolerância, então os tolerantes serão destruídos e a tolerância com eles. Estas palavras são da autoria de um dos maiores filósofos democrato‑liberais do século XX, Karl Popper, e constam da sua obra conhecida A Sociedade Aberta e os seus Inimigos.

    E é precisamente disto que estamos a falar. Popper tanto contestou os totalitarismos de direita como os totalitarismos de esquerda. Defendeu claramente o primado da democracia liberal e tinha consciência de uma coisa: que o único limite que se pode estabelecer é o limite em relação àqueles que, sendo intolerantes, põem em causa os pressupostos básicos e fundamentais da convivência cívica democrático‑liberal. Isso, infelizmente, hoje, está a suceder em grande escala nas redes digitais, afeta vários segmentos da população e tem um efeito particularmente nocivo junto dos mais jovens.

    A resposta para isso passa por duas coisas: por um lado, por uma melhor regulação das redes sociais, em nome da defesa da liberdade – não é em nome da atrofia da liberdade, como alguns aqui pretendem afirmar, é em nome da defesa dos valores da liberdade –, e, em segundo lugar, pela promoção de um pensamento crítico, autónomo, livre e consciente em cada jovem europeu. É esse o caminho que nós temos de seguir.

    		  
       

    		 

      Susanna Ceccardi (PfE). – Signora Presidente, onorevoli colleghi, l’Unione europea sta trasformando il contrasto d’odio online in un cavallo di Troia per soffocare la libertà di espressione sul web.

    È vero, le nuove tecnologie possono essere usate per diffondere offese, minacce e odio. Ne so qualcosa: ogni giorno ricevo minacce dai fondamentalisti islamici o dai “leoni da tastiera”. Ma la soluzione non è imbavagliare chi esprime idee scomode e soffocare il dissenso.

    Il Commissario Breton ha tentato di oscurare il dibattito tra Elon Musk e Trump. È questa la vostra democrazia? La democrazia vive di dialettica. Il pensiero occidentale vive sulla libertà, è fondato sulla libertà di pensiero. Se noi soffochiamo la libertà di pensiero, soffochiamo l’Occidente, soffochiamo ciò che siamo, soffochiamo l’Europa e quindi l’Unione europea sta tradendo se stessa, sta tradendo tutta la filosofia del pensiero occidentale.

    Con questo regolamento sui servizi digitali noi mettiamo il bavaglio alle persone, soprattutto a quelle idee scomode che non piacciono alla sinistra woke, che non piacciono alla sinistra perbenista che in queste aule fa tanta teoria, è brava ad insegnare a tutti ma non sa bene ancora su che pilastri si regge l’Europa.

    		  
       

    		 

      Paolo Inselvini (ECR). – Signora Presidente, onorevoli colleghi, è vero che le nuove tecnologie, come i social media, hanno un’enorme influenza sulle menti dei giovani. Tuttavia, la radicalizzazione che subiscono è anche quella promossa dalla sinistra, che parla di libertà ma spesso non la pratica nei fatti.

    Ogni giorno assistiamo a bombardamenti mediatici che esaltano teorie LGBT, il fanatismo green e una società liquida, ideologie contro l’identità e la comunità, che promuovono l’individualismo e discriminano chi difende con fermezza i principi della nostra civiltà. Guardate il caso di Päivi Räsänen, accusata di incitamento all’odio solo per aver citato la Bibbia, o alla censura nei confronti di coloro che osano contrastare l’immigrazione incontrollata, difendere la vita e la famiglia o criticare il pensiero unico.

    Ecco, questo è davvero antidemocratico. Il pensiero unico che la sinistra vuole imporre al mondo, impedendo a chi è fuori dal coro di affermare le proprie idee, tacciandolo di fomentare odio solo per estrometterlo dal dibattito.

    Avete ragione, dobbiamo proteggere i giovani da questo mondo falso e artificiale che qualcuno ha costruito intorno a loro per controllarli meglio. Facciamoli uscire da questa gabbia: riportiamoli a rivivere la bellezza vera della vita.

    		  
       

    		 

      Irena Joveva (Renew). – Gospa predsednica! Zgodovina se ponavlja. To je vselej moja prva misel ob spremljanju razvoja uničujoče propagandne retorike, ki jo vedno bolj aktivno uporabljajo skrajneži.

    Namen je jasen: razdvajanje, destabilizacija demokratične družbe. To isto sovražno ideologijo z istimi idejami in istim načinom komuniciranja smo nekoč, po bolečih lekcijah, potisnili skrajno na rob. Toda zdaj so se z roba uspešno prikradli nazaj v središče, kjer poleg uporabe umetne inteligence za širitev svoje ideologije sočasno z dezinformacijami diskreditirajo vse, ki ne mislijo tako kot oni.

    Gre za usklajeno, dobro financirano, nadnacionalno propagandno kampanjo za širitev in uveljavitev avtoritarnosti, če ne še česa hujšega, v Evropi. V času porasta nacizma so to počeli s prevzemom radiev, danes to počnejo prek družbenih omrežij.

    In prav imajo. Izbira je res naša. Ali torej res želite, da to spet postane prevladujoča retorika in normalna? Jaz ne.

    		  
       

    		 

      Lena Schilling (Verts/ALE). – Frau Präsidentin, liebe Kolleginnen und Kollegen! Eigentlich wollte ich anders anfangen, aber wir haben gerade ein Lehrbeispiel gesehen vom Kollegen Mazurek, der erklärt hat, wie man eine Rede hält, die man dann auf Social Media stellt, wo man rechtsextremes Gedankengut verbreitet, manipuliert und unsere Gesellschaft radikalisieren kann. Ja, es sind Autokraten und Rechtsextreme, die weltweit Social Media dafür einsetzen, Wahlen zu beeinflussen, dazu einsetzen, Gesellschaften weiter zu spalten, und dazu einsetzen, Fake News zu verbreiten. Und er ist damit nicht alleine, aber danke für dieses perfekte example.

    Donald Trump wirft Migranten vor, Haustiere zu essen, Moskauer Propagandafirmen wiederholen millionenfach Lügen – 33,9 Millionen Kommentare, 39 899 Inhalte, darunter tausende Videos, Memes und Grafiken innerhalb der letzten vier Monate: Das ist mittlerweile Teil unserer politischen Praxis. Und ich sage Ihnen etwas: Wir junge Menschen, die Social Media nutzen, die damit aufwachsen, wir werden uns das auch irgendwann nicht mehr gefallen lassen, dass unsere Plattformen als geopolitischer Spielball instrumentalisiert werden. Sie sollten dazu dienen, dass wir uns ausdrücken können, dass wir miteinander kommunizieren können, und nicht von politischen, verschiedenen, Mächten hier instrumentalisiert werden.

    Zu diesem Punkt: Wir werden daran arbeiten, dass es klare Regeln gibt, und Menschen darüber informieren, welcher Blödsinn ihnen hier vorgesetzt wird.

    		  
       

    		 

      Christine Anderson (ESN). – Frau Präsidentin! Heute beklagen Sie nun also den Missbrauch neuer Technologien, der angeblich unsere Jugend radikalisiert. Dabei ist es doch Ihre radikale Politik, die die Menschen spaltet und aufhetzt. Während Corona haben Sie Teile des Volkes zu Feinden erklärt, Ungeimpfte zu Sündenböcken gemacht. Stimmen zur Schädlichkeit der mRNA-Injektion wurden wegzensiert, damit Ihre Impfpropaganda unwidersprochen blieb.

    Regierungskritische Stimmen unterdrücken Sie, während Sie geflissentlich wegschauen, wenn auf YouTube, TikTok und Co. übelster islamischer Antisemitismus gefeiert wird und sich diese frauenfeindliche, menschenverachtende und totalitäre Ideologie des Islams durch unsere Gesellschaft frisst. Die vermeintliche Radikalisierung, die Sie bekämpfen wollen, ist die längst überfällige Antwort auf die Radikalität Ihrer Politik, dieser unsäglichen, illegalen Masseninvasion.

    Hören Sie doch endlich auf, sich lächerlich zu machen! Anstatt Kritiker zu zensieren, nehmen Sie die Kritik ernst und machen Sie endlich wieder Politik für das eigene Volk, dann gibt es auch keine Radikalisierung unterm Volk!

    		  
       

    		 

      Ondřej Dostál (NI). – Paní předsedající, děkuji za otevření tohoto tématu. My žijeme v zemi, kde provládní aktivisté na sítích přáli smrt či covidový koncentrák každému, kdo odmítal nosit roušky v lese nebo kdo chtěl večer běhat v parku. Žijeme v zemi, kde se netrestá tvrzení, že staří lidé volící konzervativní levici musí vymřít, aby zvítězily ty správné progresivní síly, že staří jsou hloupí a nevzdělaní a měli by volit pod dohledem, kde se natočil klip „Přesvědč bábu, přesvědč dědka“. Žijeme v zemi, kde vláda na strategickou komunikaci najala plukovníka armády, hrubého a sprostého, který nazývá oponenty sviněmi a šmejdy, a kde i usměvavé poslankyně tohoto parlamentu mluví o opozičních poslancích jako o košťatech, paní Nerudová, nebo o špínách, paní Gregorová.

    Žijeme v zemi, kde britská či americká ambasáda včetně National Endowment for Democracy financují neziskové organizace, které cíleně dehonestují oponenty provládního narativu. To všechno se promítá do extrémního prostředí na sociálních sítích, kde je demokratická diskuse takřka nemožná. Starší Češi jsou díky historii odolní vůči propagandě, ale mladí se bohužel radikalizují. Rád bych proto z tohoto místa vyzval českou vládu, ambasády cizích velmocí a kolegy poslance EP, aby se šířením hate speech skončili.

    		  
       

    		 

      Manuela Ripa (PPE). – Frau Präsidentin! Wir sprechen über eine neue Sucht: Empfehlungsalgorithmen haben die meisten Jugendlichen auf Social Media fest im Griff. Das heißt: Schauen sie sich ein Video an, bekommen sie unaufgefordert immer weitere, teils immer extremere Inhalte vorgesetzt. Den Jugendlichen bleibt oftmals keine Wahl, sie kommen davon nicht mehr los. Nicht nur, dass die Suchtgefahr steigt, Hassbotschaften und Hetze können sie auch radikalisieren – vor Wahlen ist dies sogar demokratiegefährdend.

    Gut, dass die Kommission hier gegen abhängig machende Algorithmen den Digital Services Act anwendet, aber das reicht nicht. Die Berichtspflicht der Plattformen muss qualitativ verbessert werden, am besten, indem sie ihre Berichte durch externe Prüfer prüfen lassen. Weiterführende Videos sollten nur angezeigt werden, wenn man tatsächlich auch draufgeht. In Schulen muss digitale Kompetenz vermittelt werden, sodass sie lernen, Informationen und Quellen kritisch zu hinterfragen. Sie sollten einen KI-Führerschein machen. Dass Schüler mittels KI ihre Hausaufgaben machen dürfen, ist sicherlich keine Lösung.

    Achten wir auf unsere Kinder und Jugendlichen, sie sind unsere Zukunft!

    		  
       


    		 

      Veronika Cifrová Ostrihoňová (Renew). – Vážená pani predsedajúca, ďakujem veľmi pekne, dobrý deň – a začnem osobným presvedčením: mladí ľudia nie sú ani horší, ani lepší, ani radikálnejší ako iní, ale dnes sa stretávajú so silou, ktorej v takejto miere nemusela čeliť žiadna iná generácia predtým, a tou je online svet. Ak si niekto myslí, že sa tam veci dejú náhodou, tak sa mýli. Algoritmy sociálnych sietí nielen pre mladých vytvárajú pasce, do ktorých môžu ľahko spadnúť, a internet už dávno nie je iba slobodný priestor, ale je to miesto, kde sa šíri radikalizmus, kde je priestor pre trestné činy a pre násilie a našou úlohou tu je urobiť všetko pre to, aby sme tieto pasce odstránili. Nie ste dobrá firma, ak obsah, ktorým kŕmite mladých, je toxický. A toto je presne dôvod, prečo tak veľmi potrebujeme poctivo dodržiavať zákon o digitálnych službách. Nástroje na bezpečnejší internet naozaj máme, tak ich využime. Máme na to teraz šancu. Mladým ľuďom totiž ako spoločnosť vieme dať oveľa viac, ako dnes od nás dostávajú.

    		  
       

    		 

      Jaume Asens Llodrà (Verts/ALE). – Señora presidenta, el señor Buxadé ha hablado de la libertad de los patriotas y de las manifestaciones legítimas en el Reino Unido contra la inmigración, pero seguro que ustedes se acuerdan: eso no fueron manifestaciones pacíficas, fueron disturbios racistas donde se apaleó y apuñaló a personas vulnerables y se quemaron casas. ¿Y por qué? Porque difundieron un bulo —con la ayuda de Elon Musk— atribuyendo falsamente unos asesinatos a una persona inmigrante cuando, en verdad, el autor era inglés. Y en España intentaron hacer lo mismo.

    Señor Buxadé, ustedes están en guerra con la verdad. Y el problema es que mucha gente —sobre todo jóvenes— se instala en un mundo paralelo, y crecen el miedo, el odio, las agresiones; porque ustedes, cuando señalan a los que vienen con patera, huyendo de la guerra o del hambre, es para que no veamos a los de arriba, a las élites, a los que los explotan, a los responsables de las crisis.

    Por eso, señor comisario, necesitamos una legislación europea que nos proteja de la extrema derecha, de sus bulos, como el que hoy el señor Buxadé ha dicho.

    La mentira destruye la democracia, el derecho a tener información veraz y, por tanto, a formarnos una opinión y poderla expresar. Eso no es censura, como ha dicho la extrema derecha; si no hay verdad, no hay libertad: hay opresión. Y como dijo Camus: «La peor epidemia no es biológica, sino moral». La epidemia de la mentira.

    		  
       


    		 

      Łukasz Kohut (PPE). – Pani Przewodnicząca! Media społecznościowe bardzo szybko stały się piątą władzą i jak każda władza także i ta w niewłaściwych rękach staje się bronią. Internet, a później media społecznościowe miały łączyć ludzi na całym świecie i dać dostęp do wiedzy. Miały. A już dziś musimy mierzyć się z konsekwencjami wykorzystywania sieci niezgodnie z przeznaczeniem. Cud techniki, który miał łączyć, stwarza coraz większe podziały za pomocą manipulacji, fałszywych informacji i mowy nienawiści. Tak jak lekarstwo od trucizny różni dawka, tak kreacyjny i destrukcyjny wpływ mediów cyfrowych zależy od tego, w czyich rękach się znajdą.

    Brexit i to, że nie ma tutaj z nami Wielkiej Brytanii, jest efektem manipulacji. Rosyjska dezinformacja walczy o rozpad demokratycznego świata od wielu lat. Pierwsza kampania Trumpa przy wsparciu fake newsów i Cambridge Analytica pokazała siłę sieci. Dzisiaj milionem dolarów dziennie ma wspierać Trumpa właściciel portalu X. To jest obłęd. Nie może być tak, że algorytmy uprawiają inżynierię wyborczą, a my biernie stoimy i patrzymy, jak giganci cyfrowi czy służby obcych mocarstw urządzają nam świat. Internet w ich rękach stał się groźnym narzędziem. Dokładnie tak jak bomba atomowa Oppenheimera, która miała służyć pokojowi. Czas przestać się łudzić. Musimy zapanować nad siecią albo ona zapanuje nad naszą rzeczywistością. Trzy postulaty: lepsze prawo, kontrola IP i konsekwencje działań w sieci.

    		  
       

    		 

      Alexandre Varaut (PfE). – Madame la Présidente, la haine en ligne, que nous devons combattre, c’est d’abord le harcèlement, les injures, la diffusion de montages qui poussent des enfants, parfois très jeunes, à tomber en dépression ou même à se suicider. Il faut cependant nous garder d’abuser de ce terme pour tenter de criminaliser des opinions. Et certains, au sein de l’Union européenne, ont très souvent cette tentation.

    La haine est un sentiment. Il est bien difficile de légiférer sur des sentiments. Nous ne pouvons légiférer que sur des actes concrets, qui causent des préjudices concrets à des victimes concrètes. Nous n’avons pas le droit d’en profiter pour traquer des opinions et pour sacraliser des notions wokes qui, matériellement, n’existent pas – telles que l’imaginaire collectif, la conscience humaine ou les valeurs universelles.

    Le risque serait le règne d’un arbitraire idéologique, qui pourrait parfaitement se retourner contre chacun d’entre nous, d’entre vous, même si à cet instant, ce sont sans nul doute les patriotes qui sont visés par la police de la pensée.

    		  
       

    		 

      Танер Кабилов (Renew). – Г-жо Председател, свободата на словото е едно от най-важните постижения на демокрацията и модерното гражданско общество. Достиженията на дигиталната ера, в която живеем, предоставя безпрецедентни възможности за комуникация и обмен на информация, но и нови предизвикателства, пред които се изправяме.

    Социалните мрежи се превръщат в арена за разпространение на омраза, особено в нейните най-опасни измерения – етническа и религиозна. Нараства злоупотребата с фалшиви профили и ботове, а хибридните атаки и дезинформационни кампании, манипулиращи общественото мнение, стават все по-често, особено по време на избори. Младите, с техните отворени сетива за знания, са чувствително уязвими за радикални идеи, които им се предоставят от алгоритмите, търсещи все повече гледания и интеракции. Това е сериозна заплаха за бъдещето на демокрацията.

    Категорично осъждам езика на омразата във всяка негова форма. Трябва да сме чувствителни като гражданско общество и да сме проактивни като политици. Трябва да намерим правилния баланс между свободата на словото и злоупотребата с него.

    		  
       


    		 

      Tiago Moreira de Sá (PfE). – Senhora Presidente, vivemos tempos em que o discurso de ódio e a retórica anti‑democrática se tornaram desculpas perfeitas para justificar um novo despotismo – a censura camuflada de virtude. Sempre que o poder se sente ameaçado, a liberdade é o seu primeiro alvo, e o caso de Elon Musk, do Prémio Sakharov, é disso exemplo – excluído num processo opaco, uma voz silenciada, a pretexto da própria liberdade de expressão.

    A Comissão Europeia entrou em confronto aberto com Musk, acusando‑o de falhar na monitorização do discurso de ódio na sua plataforma X. A polémica já fez cair o ex‑comissário europeu Thierry Breton, mas os processos judiciais que a Comissão move contra as empresas de Musk, incluindo a aplicação de possíveis multas severas, caso não cumpra com a lei dos serviços digitais, continuam bem vivos.

    Este fim de semana, o Der Spiegel chamou a Elon Musk o inimigo público número dois, atrás de Donald Trump, imaginem. A União Europeia e o Der Spiegel estão a fazer a Musk o mesmo que o Brasil de Lula e a Venezuela de Maduro. Como em O Nome da Rosa, de Umberto Eco, onde os livros eram envenenados para proteger os monges da dúvida e do riso, hoje envenena‑se o debate público para proteger a sociedade da liberdade. E, como sabemos, do veneno só pode resultar sempre a morte.

    (O orador aceita responder a uma pergunta «cartão azul»)

    		  
       

    		 

      Bruno Gonçalves (S&D), Pergunta segundo o procedimento «cartão azul». – Senhor Deputado, é incrível ouvi‑lo falar de liberdade, quando o problema é mesmo com a verdade. Enquanto, neste Parlamento, debate o ódio, debate o discurso do ódio, debate a proliferação do ódio no digital, em Portugal, sabemos bem o que está a acontecer e com o qual o seu partido e os seus representantes não têm o mínimo de empatia.

    Deixe‑me citar, o líder parlamentar do seu partido diz: «se a polícia atirar mais a matar, o país fica em ordem»; o assessor do seu partido diz: « menos um criminoso, menos um eleitor do Bloco» sobre a morte de um cidadão português. O que eu lhe pergunto, com empatia, Senhor Deputado: pode ou não condenar este ódio? Pode ou não condenar estas declarações?

    		  
       

    		 

      Tiago Moreira de Sá (PfE). – Senhor Deputado, eu confesso que pensei fazer a minha intervenção justamente sobre o que está a acontecer em Portugal. Depois, achei que não o devia fazer aqui, neste local, devia fazer em Portugal e para os portugueses. O que eu acho que contribui muito para o discurso de ódio – realmente o que está a acontecer em Portugal, sim – é quando nós confundimos polícias com ladrões, quando nos pomos do lado de quem prevarica e não cumpre a lei e incita à violência, em vez de protegermos a autoridade do Estado e as forças da autoridade.

    Eu acho que nós devemos pensar muito bem, porque a sua própria pergunta, ela própria, tem por detrás – eu sei que não foi com intenção – extremar, por detrás, polarizar, por detrás, criar esta visão de bons e maus. Eu, o que devo dizer, terei todo o gosto em ter esse debate consigo, mas não o vou fazer aqui. Farei no meu país.

    		  
       

    		 

      Hermann Tertsch (PfE). – Señora presidente, ayer estuve en una cena de la Asociación Parlamentaria Europea, en la que la mayoría son todos de los que gobiernan, de estos que gobiernan en la Comisión, es decir, del Partido Popular Europeo y de la izquierda, los perdedores abrazados al Partido Popular Europeo para seguir gobernando.

    Allí se iba a hablar de las elecciones norteamericanas y se habló de Trump. Y, de repente, Trump era Hitler. Trump era Hitler. Allí, en una asamblea de una serie de eurodiputados, se hablaba de Trump con mentiras sobre su pasado y con especulaciones insidiosas sobre su futuro.

    La señora Applebaum, supuestamente una gran intelectual a quien le han dado un premio en Fráncfort, habla de Trump como Hitler. Hemos visto también a la señora Harris —la candidata— hablando de Trump como Hitler.

    Ese insulto a la inteligencia por parte de la izquierda al tachar de Hitler, de fascistas, de nazis, a todos aquellos que no le interesan, eso sí que es una censura y un atentado contra todo el pensamiento europeo.

    Quieren ustedes un Ministerio de la Verdad para imponer una mentira, y no lo vamos a permitir.

    		  
       

    		 

      Mathilde Androuët (PfE). – Madame la Présidente, les jeunes âgés de 13 à 19 ans passent en moyenne plus de cinq heures par jour devant un écran. Il s’agit, pour certains, du seul moyen de se sociabiliser, et cela peut générer des violences – contre soi-même ou contre d’autres. Mais au lieu de lutter contre l’abandon de nos jeunes au virtuel, la Commission européenne préfère s’attaquer aux outils que sont Telegram ou X pour entraver la liberté d’expression.

    Alors oui, Daech a recruté des terroristes et des soldats sur les réseaux sociaux. Oui, des jeunes adoptent des mœurs archaïques pour intégrer une soi-disant nouvelle famille. Mais s’en prendre aux outils, plutôt que de chercher à répondre à ce besoin légitime d’appartenir à un groupe fort et exaltant, est idiot. C’est aussi idiot que d’interdire les voitures ou l’usage des couteaux de cuisine au prétexte que certains s’en servent pour tuer.

    C’est pourtant ce que fait la Commission en censurant – prioritairement d’ailleurs – ceux qui essaient de lutter contre le wokisme ou l’islamisme et en laissant pulluler antifas et prêcheurs de haine. Il ne faut pas changer d’outil, mais de modèle. Il faut offrir un vrai modèle de société à la jeunesse européenne, qui magnifie les richesses du passé dans l’objectif d’exalter l’avenir. Le problème, ce n’est pas l’internet, c’est une société occidentale qui, refusant toute pulsion de vie, pousse sa jeunesse vers des sectes où la pulsion de mort est devenue leur vie.

    		  
       

       

    Procedura “catch-the-eye”

    		  
       

    		 

      Matej Tonin (PPE). – Gospa predsednica! Drage kolegice in kolegi! Pred petnajstimi leti se je zdelo, da so socialna omrežja prihodnost, da bodo ključno orodje za spodbujanje demokracije. In petnajst let po tem se zdi, da so socialna omrežja predvsem orodja za širitev sovraštva in nestrpnosti.

    Kaj se je v teh petnajstih letih zgodilo tako dramatičnega, da je iz enega dobrega orodja nastalo slabo? Algoritmi. Algoritmi so tisti, ki spodbujajo sovraštvo, ki spodbujajo nestrpnost, ker v današnjem svetu enostavno dobra novica ni več novica. In zato algoritmi spodbujajo negativne stvari, spodbujajo predvsem nestrpnost.

    Sem pa prepričan, da prepoved ni rešitev, ampak da je ključna stvar za prihodnost ozaveščanje mladih, kakšne posledice ima lahko nekritična uporaba socialnih omrežij.

    		  
       

    		 

      Juan Fernando López Aguilar (S&D). – Señora presidenta, señor comisario, el modelo de negocio de las plataformas —normalmente regidas por magnates de ultraderecha— no reside solamente en explotar las debilidades, las vulnerabilidades y las características personales que los usuarios ponen a su disposición, sino, sobre todo, en generar algoritmos adictivos que se ensañan, especialmente, con la gente joven, que son los usuarios preferentes que pasan media vida ante las pantallas, consumiendo discursos de odio que radicalizan, que estigmatizan, a categorías enteras de personas, además de contenidos violentos.

    El problema no reside solamente en los contenidos, sino en la explotación de la vulnerabilidad de la gente joven: un desafío enorme para la próxima Comisión. Hemos adoptado el Reglamento de Servicios Digitales, hemos puesto en pie una estrategia contra el discurso de odio que incluye también no solamente un código de conducta para las plataformas —escasamente vinculante— sino, sobre todo, la orden de que la Comisión traiga a este Parlamento una iniciativa legislativa para hacer del delito de odio que incita la violencia de odio un delito europeo.

    Pero no es suficiente: alfabetización digital, educación, todo lo que la Comisión pueda hacer para proteger a la gente joven, que es el futuro de la Unión Europea, frente a la propagación del discurso de odio en las redes.

    		  
       

    		 

      Sebastian Tynkkynen (ECR). – Arvoisa puhemies, vihapuhe, radikalisoituminen ja demokratiavastaisuus. Tämä hetki on varattu sille, että tämä koko sali keskustelee näistä aiheista. Itse asiassa tämä on hyvin ajankohtainen aihe, joten siitä onkin hyvä keskustella. Me olemme nimittäin todistaneet viime aikoina tapahtumia, jotka täyttävät nämä kaikki tunnusmerkit: vihaa, radikalisoitumista ja demokratiavastaisuutta. Lukuisissa Palestiina-mielenosoituksissa aina huippuyliopistoihin saakka ovat raikuneet antisemitistiset huudot. Lähi-idän ainoalle demokratialle Israelille on toivottu tuhoa, ja radikaali terroristijärjestö Hamas on nauttinut monen mielenosoittajan tukea.

    Miksi en ole kuullut, että vasemmisto olisi tästä puhunut tänään? Haluan muistuttaa teitä tästä, kun te etsitte vihapuhetta ja radikaalia puhetta kaikkialta, niin käykääpä joskus vasemmiston Palestiina-mielenosoituksissa. Saatatte löytää sieltä sitä, mitä olette kaikkialta muualta etsimässä.

    		  
       

    		 

      Lukas Sieper (NI). – Madam President, dear colleagues, honourable House, as we talk of young people here with my, in other cases, little life experience of 27 years, I am happy to take the floor today.

    I may present you with three truths. Number one: TikTok is owned and controlled by the Chinese Communist Party, responsible for atrocities like putting Uyghurs in concentration camps.

    Number two: because of that, the algorithm is, of course, also controlled and manipulated by the Chinese Communist Party.

    Number three: if you, my dear colleagues, do not join TikTok, and if you are not active there, you will leave this platform and the young people on this platform to the enemies of democracy inside this House and outside this House.

    So please be active there no matter what. I am not much, but I am young, so I hope you trust me on that.

    		  
       

       

    (Fine della procedura “catch the eye”)

    		  
       

    		 

      Janusz Wojciechowski, Member of the Commission. – Madam President, honourable Members, thank you for your contributions. It is clear that new technologies have transformed our economies, our societies, our lives. They have multiple benefits, but we cannot ignore the risks. Hate speech, often fuelled by disinformation, is one of them.

    We need to keep our values of equality, tolerance, non-discrimination. We also need to keep our focus on delivering policies which improve citizens’ lives. We want to support active citizenship and social inclusion with the aim of fostering more equitable and tolerant societies. There is a pivotal role here as concerns the smart and safe use of digital technologies. The scope of prevention activities is broad, and we can extend it to education, employment, justice, social inclusion or sports.

    Within the framework of the Digital Services Act, the industry’s thorough commitment is necessary to succeed. We have a good basis, but we need to intensify our efforts and adopt the fast development of new technologies.

    		  
       


       

    IN THE CHAIR: ROBERTA METSOLA
    President

    		  

    5. Resumption of the sitting

       

    (The sitting resumed at 12:05)

    		  

    6. Sakharov Prize 2024 (announcement of the winner)

    		 

      President. – Dear colleagues, it is my privilege to announce that the 2024 Sakharov Prize for Freedom of Thought has been awarded to María Corina Machado, leader of the democratic forces in Venezuela, and President-elect Edmundo González Urrutia, representing all Venezuelans inside and outside the country, fighting to restore freedom and democracy in the face of injustice.

    (Loud and sustained applause)

    Edmundo and María have continued to fight for the free, fair and peaceful transition of power and have fearlessly upheld those values that millions of Venezuelans and this Parliament hold so dear: justice, democracy and the rule of law. This Parliament stands with the people of Venezuela and with María and Edmundo in their struggle for the democratic future of their country. This award is for them, and we are confident that Venezuela and democracy will ultimately prevail.

    I also want to extend this House’s wholehearted support to the other Sakharov Prize finalists: the Israeli and Palestinian movements ‘Women Wage Peace’ and ‘Women of the Sun’.

    (Loud and sustained applause)

    We also have the finalist Azerbaijani academic and anti-corruption activist Dr Gubad Ibadoghlu.

    (Loud and sustained applause)

    All three are bravely standing up for human rights and for freedom of thought in the face of unimaginable challenges.

    I also share the tragic news that Dr Ibadoghlu’s health condition is currently deteriorating significantly. He is being kept under house arrest following his arbitrary detainment, and I take this opportunity to call on the Azerbaijani authorities to drop all charges against Dr Ibadoghlu and lift his travel ban.

    (Applause)

    		  

    7. Request for waiver of immunity


       

    (The sitting was briefly suspended)

    		  
       

       

    PRESIDE: JAVI LÓPEZ
    Vicepresidente

    		  

    8. Resumption of the sitting


    		 

      Lukas Sieper (NI). – Mr President, honourable House, Rule 202 deals with the point of order. Last plenary week, I had the honour to shed some light on the blatant misuse of this rule inside this House. We were talking about Rule 202(1) that states that you shall use a point of order to address a failure to comply with the parliamentary Rules of Procedure.

    Today, I want to talk about Rule 202(4) that states that in all regular cases like this, the President shall take an immediate decision about the point of order raised. That is not what happened to my point of order. Instead, right after I finished, we kept on seeing the same thing. For example, since then we heard about the suffering of the Palestinian people or the necessity to honour a Polish priest. Understandable topics, but nothing to state inside a point of order.

    In my legal opinion, immediate means on the spot. So, Mr President, with all due respect and being thankful to also having the possibility to forewarn President Metsola on this directly yesterday, I request an immediate decision about stopping the point of order being misused.

    		  
       

    		 

      President. – Thank you very much. You have the answer: we take note of your comment.

    		  

    9. Voting time

    		 

      President. – The next item is the vote.

    		  

    9.1. Situation in Azerbaijan, violation of human rights and international law and relations with Armenia (RC-B10-0133/2024, B10-0129/2024, B10-0131/2024, B10-0133/2024, B10-0136/2024, B10-0139/2024, B10-0141/2024, B10-0142/2024) (vote)

    		 

      President. – The first vote is on the situation in Azerbaijan, violation of human rights and international law and relations with Armenia (see minutes, item 9.1.).

    		  

    10. Resumption of the sitting

       

    (La seduta è ripresa alle 15.00)

    		  

    11. Approval of the minutes of the previous sitting

    		 

      Presidente. – La seduta è ripresa.

    Il processo verbale della seduta di ieri e i testi approvati sono stati distribuiti.

    Se non ci sono osservazioni, il processo verbale si considera approvato.

    		  

    12. Protecting our oceans: persistent threats to marine protected areas in the EU and benefits for coastal communities (debate)


    		 

      Janusz Wojciechowski, Member of the Commission. – Madam President, honourable Members, thank you for the opportunity to address this important topic today. The ocean is a magnificent ecosystem. A healthy ocean has an essential role as a climate regulator and food provider. It is at the heart of the blue economy and cultural identity of our coastal communities.

    However, our ocean faces multiple threats from climate change, unsustainable activities that lead to biodiversity loss and pollution, or illegal fishing globally. This is clearly evidenced by the EU-driven Copernicus satellite data reported in the annual Ocean State Report by the Copernicus Marine Service.

    Therefore, we need to continue the efforts to protect and restore marine ecosystems, including through the establishment of marine protected areas. I cannot stress enough the importance and positive effects of marine protected areas. They not only protect and restore biodiversity, they also ensure that the ocean is able to deliver the multiple environmental services our coastal communities have relied on for ages.

    There are many examples of effective marine protected areas which bring long-term economic and social benefits for fishers and entire coastal communities. I’m thinking about the Columbretes marine reserve in Spain or Torre Guaceto protected area in Italy, where protection is implemented in cooperation with fishers, who benefit from better catches and receive recognition for their engagement in ocean conservation.

    However, most of our marine protected areas are not effectively managed today, which is putting at risk our goals for restoration of marine ecosystems. We cannot afford to have ‘paper parks’ in the EU. We need urgent and greater efforts from all those responsible, from local to national and EU level.

    The European Union is a worldwide leader when it comes to the protection of the oceans and seas. It played a key role in reaching the United Nations agreement on biodiversity beyond national jurisdiction and strongly encourages all countries to promptly ratify the treaty to protect at least 30 % of the planet by 2030.

    At European Union level, our environmental laws, the Birds and Habitats Directives and the Marine Strategy Framework Directive provide for creation and management of marine protected areas. In our biodiversity strategy for 2030, we committed to expand our network of protected areas to cover 30 % of our seas, of which one third should be strictly protected. All MPAs should be effectively managed and should have the necessary fisheries management measures in place.

    The common fisheries policy contributes to the implementation of these policy goals and legislation. Whilst we made progress on the recovery of many fish populations, more efforts are needed to effectively protect and restore other species and marine habitats. In particular, in our marine Natura 2000 network.

    The Commission also adopted the marine action plan, setting out a non-binding path to achieving a protection of 30 % of our seas by 2030. The recently adopted Nature Restoration Regulation set the goal of covering 20 % of our seas, with restoration measures by 2030 and achieving specific nature restoration objectives in the marine environment.

    Member States need to implement and enforce existing legislation, and all stakeholders need to take further ownership. Therefore, a dialogue is required, as well as a strong science-based approach.

    Another challenge for marine protected areas is the increasing competition for maritime space. We are working with Member States and experts to deliver ecosystem-based maritime spatial planning. The aim is to foster the blue economy while ensuring the achievement of good environmental status.

    In conclusion, the Commission will continue the close cooperation with Member States and all stakeholders to ensure that marine protected areas effectively deliver to the benefit of our coastal communities.

    		  
       

    		 

      Francisco José Millán Mon, en nombre del Grupo PPE. – Señora presidenta, señor comisario, los océanos se enfrentan a numerosas amenazas, es cierto: el cambio climático, la contaminación por desechos y vertidos, los plásticos, el transporte marítimo, la explotación de hidrocarburos, la pesca ilegal… Debemos proteger los océanos, pero sin caer en extremismos maximalistas: la protección no es incompatible con toda actividad humana. El llamado «pacto europeo de los océanos» debería tener una visión holística, global, que trate de integrar las actividades humanas de una manera sostenible y en diálogo con los afectados. Hay que preparar debidamente la próxima conferencia de Niza.

    Me centro ahora en la pesca: proteger los océanos es vital, también para el sustento de nuestros pescadores. El sector pesquero europeo es un sector muy regulado, lleva a cabo una pesca sostenible, lucha contra la pesca ilegal y contribuye a nuestra seguridad alimentaria: debemos velar por su prosperidad y su competitividad.

    Quiero destacar la importancia de las OROP, las organizaciones regionales de ordenación pesquera. Precisamente, el acuerdo sobre la diversidad biológica marina en alta mar, conocido como BBNJ, reconoce el papel de las OROP y de las reglamentaciones que estas adoptan. En las OROP y en el resto de organismos internacionales necesitamos, comisario, liderazgo de la Unión Europea para conseguir que se globalicen nuestros altos estándares: así lograremos no solo una verdadera protección de los océanos, sino también la igualdad de condiciones que tanto desean nuestros pescadores.

    Las áreas marinas protegidas, como usted señala, requieren un trato especial, pero este debe basarse en criterios científicos y atender a los objetivos específicos del área en cuestión, no a meros porcentajes. Por ejemplo, si de lo que se trata es de proteger a las aves marinas, no tiene sentido ahora insistir en la prohibición del arrastre de fondo. No podemos caer en la demonización de ciertas artes pesqueras como hace, por ejemplo, el plan de acción marino presentado el año pasado por la Comisión Europea.

    		  
       

    		 

      Christophe Clergeau, au nom du groupe S&D. – Madame la Présidente, Monsieur le Commissaire, il y a quinze jours, avec mes collègues de l’intergroupe du Parlement européen «Mers, rivières, îles et zones côtières», nous avons accueilli à Bruxelles la Semaine des océans, organisée par les ONG. Voici ce qu’elles nous ont dit:

    En premier lieu, il y a urgence à se mobiliser pour restaurer la bonne santé des océans.

    En deuxième lieu, il faut faire appliquer les lois qui existent – qui aujourd’hui ne sont pas appliquées – et surveiller de près comment les États travaillent sur le règlement relatif à la restauration de la nature. Parce que 2030 va arriver très, très rapidement.

    En troisième lieu, il faut certes, Monsieur le Commissaire, aborder l’océan et son aménagement comme un écosystème, mais cette approche écosystémique n’est pas possible dans le cadre de la directive actuelle relative à la planification de l’espace maritime: il est donc urgent d’engager sa révision.

    Dernièrement, nous avons besoin d’une ambition globale – ce fameux pacte européen pour les océans promis par Ursula von der Leyen, qui permettra de concilier la santé des océans et les activités de l’économie bleue –, menée avec ce Parlement, avec les collectivités locales et avec toutes les parties prenantes, tous les acteurs associatifs et économiques.

    		  
       

    		 

      France Jamet, au nom du groupe PfE. – Madame la Présidente, monsieur le Commissaire, mes chers collègues, la protection de nos océans est un enjeu crucial sur le plan économique, environnemental et géopolitique, notamment pour la France, qui possède le deuxième plus grand domaine maritime du monde.

    Mais la multiplication des aires marines protégées n’en garantit pas l’intégrité. La pêche financière est mondialisée et prospère, sans respect de la ressource, de Mayotte à nos côtes, en toute légalité. Quant à la pêche illégale, elle ravage nos territoires maritimes, de la Nouvelle-Calédonie jusqu’en Guyane, en toute impunité.

    Au-delà de ces déclarations de bonnes intentions et autres interdictions unilatérales, c’est d’une vraie stratégie de protection des océans que nous avons besoin pour appuyer les moyens de défense de notre souveraineté alimentaire nationale et pour revaloriser notre domaine maritime ainsi que l’économie bleue.

    		  
       

    		 

      Billy Kelleher, on behalf of the Renew Group. – Madam President, this is a very important topic for a number of reasons, and for a large number of communities in our Union.

    As an MEP for an island nation, I’m acutely aware of the importance of our oceans, seas and coasts to sustain an abundance of life and communities, both socially and economically.

    As such, today’s debate on protecting our oceans, persistent threats to marine protected areas in the EU and benefits to our coastal communities is an important milestone. At present, 10% of Irish waters are now classified as marine protected areas, up from 2.4 % in 2020. The Irish Government is committed to achieving a 30 % coverage rate by 2030 and will, in the early 2025, pass legislation putting in place a legal commitment to do so. This is something I and the Fianna Fáil party supports.

    However, as an island nation, we have competing objectives and goals. In the first instance, we want to protect our marine ecosystems, but equally we want to support our fishing communities, many of whom have fished in areas set to be designated as marine protected areas for generations. Thirdly, we want to become an offshore wind energy superpower.

    Our challenge is to ensure that all these objectives can be met. It is therefore a necessity that all the stakeholders involved enter into this process with an open mind and without narrow ideological opinions.

    Fishers have a right to fish and not have their livelihoods destroyed by losing access to waters that they have historically fished in. Countries have a right to diversify their electricity generation, their waters. And yes, we have a moral obligation to protect our oceans, rivers and coastal areas.

    However, Commissioner, we have a significant challenge in Ireland, as Norway is being granted access to Irish waters for mackerel fishing. Mackerel stocks are being overfished. Irish mackerel quota will be cut by 22 % in 2025, and it will cost the Irish fishing industry EUR 18 million. Yet at the same time, we grant access to Norwegian supertrawlers to fish in Irish waters and to overfish and exploit mackerel stocks. The Irish fishing industry is very dependent on the mackerel stocks.

    So, Commissioner, I cannot understand how in one way we are talking about sustainability and ensuring we protect marine life and at the same time grant unlimited access to supertrawlers to fish in Irish waters, to exploit fish stocks and undermine the Irish fishing industry and the coastal communities that depend on it.

    When we are talking about sustainability, we must have fairness for the Irish fishing industry and the coastal communities that depend on it.

    		  
       

    		 

      Isabella Lövin, för Verts/ALE gruppen. – Fru talman! Allt liv på jorden startade i haven. Haven ger oss mat. De ger oss glädje. De producerar hälften av allt syre som vi andas. Ändå misshandlar vi haven, använder dem som soptipp och tömmer dem på fisk.

    Nu har vi också gett dem hög feber, och det är väldigt allvarligt. Som en forskare sa till mig: Klimatkrisen, den drabbar precis som covid de svagaste värst. Och havet är redan försvagat.

    I Östersjön, där jag bor, har medeltemperaturen redan ökat med två grader sedan 1990, och nere på 30 meters djup var det förra sommaren 20 grader varmt, något som aldrig har noterats förut.

    Ett område stort som Danmark är död botten. Vi måste göra någonting snabbt för denna döende patient, och vi måste göra någonting nytt.

    Vi behöver en ny havspolitik som samlat kan hjälpa våra hav att tillfriskna, så att de åter kan binda kol i bottnarna, som nu rivs upp av bottentrålning, och åter har stabila, livskraftiga ekosystem som gör vattnet klart och rent igen och som kan förse Europa med hållbart fiskad fisk.

    För det behöver vi inte bara 30 % skyddade områden, utan vi behöver en helhetssyn. Därför välkomnar jag den europeiska havspakten. Den måste ha som högsta prioritet att låta haven tillfriskna igen. Alla politikområden behöver samspela för att nå dit.

    Haven är grunden för allt liv. Skyddar vi havet så skyddar vi också oss själva.

    		  
       

    		 

      Emma Fourreau, au nom du groupe The Left. – Madame la Présidente, monsieur le Commissaire, j’imagine que votre jardin est une zone protégée. Alors, que diriez‑vous si je venais demain dans votre jardin pour y déterrer vos carottes et ramasser vos tomates, avant de repartir en piétinant tout le potager pour être sûre que vos légumes ne repoussent pas l’année prochaine? Nul doute que cela vous déplairait fortement. Et je vous répondrais que j’étais dans votre jardin comme un chalutier de fond dans les aires marines protégées, qui n’ont de protégées que le nom.

    Car, si 12 % des eaux de l’Union européenne entrent dans la définition des aires marines protégées, seules 0,2 % le sont de façon stricte. Alors qu’est-ce qui est protégé dans les autres? Rien ou presque: 86 % des aires dites protégées d’Europe sont intensément exploitées, au moyen de méthodes de pêche destructrices, comme le chalutage de fond, ou d’autres activités industrielles extractivistes.

    La pêche industrielle a des conséquences délétères: pour la biodiversité, mais aussi pour les petits pêcheurs. Au-delà du chalutage de fond, ces derniers subissent également de plein fouet la concurrence des méga-chalutiers pélagiques, qui n’hésitent pas à traverser les aires marines protégées. Exclure la pêche industrielle des aires marines protégées, comme le recommande l’Union internationale pour la conservation de la nature, c’est donner de l’oxygène à la pêche artisanale, dont les incidences environnementales sont moindres, et qui favorise le renouvellement des espèces.

    La Commission s’est engagée à sortir du chalutage de fond dans les aires marines protégées d’ici 2030. Soyez à la hauteur de l’engagement en adoptant un plan de transition juste, qui accompagne les pêcheurs, leur donne de la visibilité, des incitations et des solutions de rechange, et qui prévoie un véritable plan de déchalutisation de la flotte européenne.

    Sans action concrète de la Commission comme des États, vos promesses resteront vaines.

    		  
       

    		 

      Siegbert Frank Droese, im Namen der ESN-Fraktion. – Frau Präsidentin, Herr Kommissar, sehr geehrte Kollegen! Niemand Vernünftiges ist gegen den Schutz der Ozeane vor Zerstörung, aber Umweltschutz funktioniert nicht mit starren Daten, utopischen Zielvorgaben und ideologischer Verblendung.

    Sinnvoll sind praktische Dinge, etwa harte Bestrafung von Kapitänen, die ihre Abfälle ins Meer werfen, oder Firmen, die Tankerunfälle fahrlässig verursachen, aber wir brauchen keine Blue Economy als neue sozialistische Planwirtschaft. Ein Beispiel dafür: Bis 2030 sollen 30 % der Ozeane als Schutzzone fungieren – das ist ein utopisches Ziel.

    Die Natur ist stärker als die Europäische Kommission, sie regeneriert sich selbst. Biodiversität gibt es seit Millionen von Jahren. Deshalb brauchen wir weder in der Landwirtschaft noch im Fischfang oder sonstwo EU-Naturalisierungsgesetze. Aber ich frage mich: Wo war und ist eigentlich der Schutz der Ozeane bei der Sprengung von Nord Stream 2 geblieben? Wo ist der akribische Wille der Kommission, diese Sprengung von Nord Stream 2 aufzuklären? Es ist schon sehr sonderbar, dass Brüssel hier nichts tut, obwohl doch sonst die Kommission den lieben langen Tag vom Grünen Deal träumt oder das böse CO2 jagt.

    Wenn wir über den Schutz der Ozeane sprechen, muss ich auch auf die Sanktionen gegen Russland zu sprechen kommen. Die Sanktionen sollten Russland treffen, gefährden aber mittlerweile unsere Ozeane, unsere Umwelt, weil Russland eben nicht untergeht, sondern seine Rohstoffe mit alten, rostigen Schiffen um den Globus schickt; ein schönes Beispiel dafür, wie sich die Kommission selbst ins Knie schießt, unter großem Applaus vieler Mitglieder dieses Hauses.

    Ja, wir müssen die Ozeane schützen, aber vor Sozialistischen, Grünen, Eurokraten. Deshalb sagen wir von der ESN: Wir stimmen guten Ideen zu, die praktikabel sind und vor allem wirtschaftlich; wir stimmen dem Statement in der großen Zielsetzung des Schutzes der Meere zu, aber wir lehnen die Blue-Economy-Basis ab: Sie sind nichts anderes als grüne Experimente und Utopien.

    		  
       

    		 

      Hélder Sousa Silva (PPE). – Senhora Presidente, Caro Comissário, Caros Colegas, o oceano é claramente um aliado indispensável para a União Europeia reforçar a sua competitividade em áreas estratégicas como a inovação, a segurança alimentar, a autonomia energética e a sustentabilidade ambiental. Por isso, digo que o Pacto Europeu para os Oceanos é uma grande oportunidade. A proteção das zonas costeiras e das comunidades piscatórias é um claro objetivo, mas também temos de assegurar uma justa remuneração para os profissionais.

    Elogio a delimitação, na passada semana, por parte dos Açores, da maior área marinha protegida da Europa, protegendo 30 % do seu mar. E, enquanto autarca, participei ativamente na delimitação da área marinha protegida da Ericeira, de Sintra e de Cascais, a primeira em Portugal, que envolveu ativamente a comunidade local na sua delimitação.

    Dada a relação intrínseca entre as nossas comunidades e os mares que nos circundam, direi que a preservação do eixo atlântico europeu é um desígnio de todos nós.

    		  
       

    		 

      André Rodrigues (S&D). – Senhora Presidente, Senhor Comissário, a União Europeia estabeleceu metas ambiciosas para a proteção de pelo menos 30 % das águas marinhas até 2030. Mas não tenhamos ilusões, isto só pode ser assegurado se garantirmos, de facto, o envolvimento de pescadores, comunidades pesqueiras, profissionais da aquicultura, ONG ambientais e demais agentes relevantes e se também assegurarmos as devidas compensações para que os profissionais das pescas não sejam vítimas deste processo.

    Saúdo, por isso, o exemplo da minha região, os Açores, que há dias aprovou o plano de reestruturação do setor da pesca, proposto pelo Partido Socialista, que prevê compensações a todos os profissionais afetados pela criação de áreas marinhas protegidas. Com um orçamento superior a 10 milhões de EUR para o período de 2025 a 2030, este plano acompanhará a implementação da proteção de 30 % do mar de uma das maiores zonas económicas exclusivas da Europa.

    Este é o exemplo que a União deve seguir, com a definição de um ambicioso fundo que acompanhe e financie um verdadeiro pacto para os oceanos.

    		  
       

    		 

      André Rougé (PfE). – Madame la Présidente, monsieur le Commissaire, chers collègues, l’outre-mer permet à la France, deuxième zone économique exclusive au monde, d’être au premier rang de la protection des océans: une priorité environnementale mondiale, dont les zones marines protégées sont l’élément le plus marquant.

    Aussi sommes-nous inquiets des menaces qui pèsent sur les îles Éparses, désormais revendiquées par Madagascar. Ces îles sont qualifiées de sanctuaires océaniques de la nature primitive. Elles sont les laboratoires de référence au niveau mondial pour étudier l’influence des changements climatiques, car elles sont vierges de toute présence humaine, ce qui en fait des modèles de naturalité.

    Il est indispensable que l’Union européenne soutienne fermement la souveraineté française sur les îles Éparses. Face à l’appétit dévorant d’une grande puissance mondiale et hégémonique qui instrumentalise la République de Madagascar dans l’océan Indien, comment l’Union européenne pourrait-elle se désintéresser de ce sanctuaire naturel? Comment l’Union européenne pourrait-elle se désintéresser, parmi ses îles, de celle qui, symboliquement, porte jusqu’à son nom – Europa?

    Dans cette partie du monde, personne n’est dupe de ce qui se cache derrière la prétention malgache à annexer les îles Éparses. Pour garantir l’avenir de ces territoires et leur biodiversité, l’Union européenne doit intégrer cette réalité géopolitique dans sa stratégie de protection des océans, mais aussi dans sa diplomatie.

    		  
       

    		 

      Ana Miranda Paz (Verts/ALE). – Senhora Presidente, venho de um país marítimo, a Galiza, um país do eixo atlântico europeu. Ali, temos duas reservas marinhas, duas áreas marinhas protegidas de interesse pesqueiro ou piscatório, também dito na nossa língua. A reserva marinha de Cedeira, que é uma verdadeira oportunidade, na qual o setor das pescas trabalha também na defesa do meio ambiente e na defesa de um recurso económico vital para o meu país.

    No meu país, que é rico em biodiversidade marinha, os governos estão contra as áreas marinhas protegidas. Preferem apoiar a macroeólica marinha, as empresas elétricas que não deixam benefícios, preferem que os marinheiros fiquem sem trabalho, para apoiar os macroparques eólicos.

    Senhor Comissário, como é possível que a Comissão Europeia proíba a pesca de fundo e, depois, permita, em áreas marinhas protegidas de especial interesse, que se metam estas macroelétricas a tirar os recursos e o peixe e a vida das nossas comunidades piscatórias, como é o caso de Cedeira?

    		  
       

    		 

      Per Clausen (The Left). – Fru formand! En af de største og mest vedvarende trusler mod vores havområder – beskyttede eller ej – er vandkvaliteten. Alt for mange steder ser vi, at den økologiske tilstand i havområderne ikke alene er dårlig, den forværres også hele tiden. Det behøver ikke at være sådan. For det er en udvikling, vi ved, hvordan vi kan gøre noget ved. Men det kræver, at vi tør tage fat i årsagerne. Det er den forurening, der kommer fra en industrialiseret landbrugsproduktion, kemikalieindustrien. Det er anvendelse af fiskeredskaber, som ødelægger havbunden. Og her mangler modet til at handle desværre ofte. Det gælder, selv når det er klart, at biodiversiteten i havene forværres år efter år. Et af de steder, hvor modet mangler, er i mit eget hjemland, Danmark. Her taler regeringen varmt om vandmiljøet, men nægter samtidig at implementere vandrammedirektivet på den rigtige måde, eller for den sags skyld at skride ind mod landbrugets udledning af pesticider og kvælstof eller den forurening, som stammer fra kemiske kemikalievirksomheder i Danmark, hvoraf en af dem ovenikøbet producerer pesticider, som er ulovlige at bruge i EU-landene. Vores have gisper bogstaveligt talt efter vejret. Fisk, havdyr og planter forsvinder, hvis EU og medlemsstaterne ikke forstår, at vores have har brug for alvorlig førstehjælp.

    		  
       


    		 

      Thomas Bajada (S&D). – Madam President, this is embarrassing. We are discussing the future of our ocean when the plenary has practically already ended, when most MEPs have already gone. Is this the attention our future deserves? This is a clear statement that our ocean, our future, is not a priority for the leadership of this Parliament.

    Dear colleagues – whoever is left – the ocean is in peril, with climate change, unruly destruction of our biodiversity and our fishers desperately trying to survive. It is vital to have a properly‑managed international network of marine protected areas, not just for biodiversity, but for the survival of our coastal communities that rely on a healthy ocean for their livelihood.

    We can’t let this failure continue. The time to act is now. Let us deliver an Ocean Pact that truly protects our ocean and safeguards our livelihood. Empty promises won’t cut it. We need binding targets like real funding, and the international political will to deliver, through marine protected areas, for our ocean, our communities and our future.

    		  
       

       

    Procedura “catch-the-eye”

    		  
       

    		 

      Niels Geuking (PPE). – Frau Präsidentin! Die Meere sind der größte Lebensraum auf Erden und bedrohter denn je: Klimawandel, Überfischung, auch die eigenen Fangflotten, Verschmutzung, Nährstoff- und Plastikeintrag – und wir schaden uns dadurch auch selbst. Wer Fisch in seinen ganz normalen Speiseplan integriert hat, nimmt am Ende von zwei Wochen knapp diese Plastikkarte Mikroplastik zu sich, also eine Kreditkarte Mikroplastik, weil die Meere dementsprechend verschmutzt sind.

    Wir sollten uns unter anderem auch kritischer mit den Fangquoten auseinandersetzen, um den Fischarten überhaupt eine echte Erholungschance zu ermöglichen und am Ende auch die Arbeitsplätze längerfristig zu sichern. Jedes zu späte Handeln wird seine Folgen mit sich bringen; siehe die Störe, den Aal, Dorsch, Kabeljau, Hering, Schellfisch, Heringshai, Dornhai, die Seezunge, Lachs, Meerforelle – und das waren nur Nord- und Ostsee.

    Aktuell bieten Offshore-Windparks einen der besten Schutzräume für viele Meerestiere, wie z. B. die Nordseegarnele – an sich ein trauriger Fakt. Effektiv wäre es auch, wenn wir einmal darüber sprechen würden, dass Haifischflossen ein großes Problem darstellen. Würde der Hai als Ganzes in einen europäischen Hafen einlaufen müssen, wäre das Problem wahrscheinlich gar nicht so groß. Insofern, einfache Regelung mit enormer Wirkung.

    		  
       

    		 

      Jean-Marc Germain (S&D). – Madame la Présidente, mes chers collègues, comment parler de la protection des océans sans évoquer la nécessaire protection des lanceurs d’alerte? Paul Watson croupit en prison depuis près de cent jours pour avoir voulu faire respecter le moratoire sur la pêche à la baleine. Nous devons nous battre pour sa liberté. Je me réjouis cette initiative de la Ville de Paris qui en a fait un citoyen d’honneur de la capitale de mon pays. J’appelle par ailleurs le président de la République à lui accorder la nationalité française, qu’il demande, et j’appelle de nouveau l’Union européenne à lui offrir la protection de la directive de 2019 sur la protection des personnes qui signalent des violations du droit de l’Union européenne.

    La liste des destructions à l’œuvre dans nos océans est aussi longue que le temps est court pour agir. Agir, c’est sortir de la pêche industrielle, c’est établir de vraies aires maritimes protégées, c’est adopter un moratoire sur les exploitations minières en eaux profondes, c’est bannir les polluants qui détruisent la vie marine, c’est garantir de puissants moyens financiers et de contrôle.

    Les océans sont vitaux pour la préservation du vivant. Mes chers collègues, protégeons-les!

    		  
       

    		 

      Pernando Barrena Arza (The Left). – Señora presidenta, en este punto sobre las amenazas persistentes a zonas marinas protegidas y comunidades costeras quiero llamar la atención de sus señorías sobre un proyecto para la construcción en Gernika (País Vasco) de un nuevo museo Guggenheim en plena reserva de la biosfera de Urdaibai, que es un estuario en la desembocadura del río Oca al mar Cantábrico, en el océano Atlántico.

    Estamos hablando de un proyecto que vulnera la legislación europea al plantearse en la marisma de Urdaibai, una Zona de Especial Protección para las Aves o ZEPA y, por lo tanto, parte de la Red Natura 2000. Por esta zona, declarada de especial protección, se estima que circularían alrededor de 140 000 visitantes anuales, según los promotores del museo, lo cual es absolutamente un sinsentido.

    Esta situación hace que el proyecto cuente con una enorme oposición de los habitantes del lugar, que exigen detener este proyecto porque creen que pone en riesgo una zona que debiera estar especialmente protegida y que necesita un plan de desarrollo acorde con el valor del entorno ambiental de Urdaibai.

    Queremos interpelar a la Comisión para que actúe en consecuencia, proteja los intereses medioambientales de los ciudadanos de la zona y no permita el deterioro absoluto de este espacio costero, protegido por una figura diseñada por la propia Comisión Europea como es la Red Natura 2000.

    		  
       

    		 

      Lukas Sieper (NI). – Frau Präsidentin, Hohes Haus! Zum Abschluss dieser Plenarwoche möchte ich noch einmal auf die Grundsätze hinweisen, die zu befolgen in diesem Haus wichtig ist. Ich weiß, ich selbst bin auch manchmal disruptiv, wenn es um die Gepflogenheiten des Parlaments geht, aber manche Dinge sollten wir doch auf jeden Fall hier befolgen.

    Eines davon ist es, die Wahrheit zu sprechen, und zwar die ganze Wahrheit, nicht nur einen Teil davon. Deswegen möchte ich auf eine Wahrheit eingehen, die der Kollege Droese vorhin angesprochen hat. Herr Kollege Droese von der rechtsextremen Partei AfD sagte, dass es schon immer klimatische Veränderungen auf der Welt gegeben hat, schon immer Veränderungen der Biodiversität gegeben hat.

    Ja, das stimmt, das bezweifelt auch keiner. Tatsache ist aber, dass diese Veränderungen in den letzten Jahren und Jahrzehnten in einem Ausmaß stattfinden, wie es das noch nie auf der Welt gegeben hat. Auch wenn der Kollege mir offensichtlich leider nicht zuhört – was schade ist an der Stelle –, möchte ich ihm trotzdem bewusst machen: Sie müssen immer die ganze Wahrheit betrachten, vor allen Dingen, wenn es um Themen des Klimawandels geht, wie den Schutz der Ozeane.

    		  
       

       

    (Fine della procedura “catch the eye”)

    		  
       

    		 

      Janusz Wojciechowski, Member of the Commission. – Madam President, honourable Members, thank you very much for all the inspiring contributions.

    The Commission has engaged with citizens, businesses, scientists, NGOs, cities, coastal communities and our international partners. They all expect us to act. Achieving a coherent and effectively‑managed EU network of marine protected areas will remain a high priority for the Commission. We need more marine protected areas and we need them to be truly protected through effective conservation measures.

    We have the awareness of our citizens, we have the knowledge and we have solutions. Now we need the political will, across Member States, to engage the dialogue, to strengthen the knowledge base, to support the innovations, to achieve full compliance with European law.

    Honourable Members, let’s secure together a better future for our ocean to the benefit of all of us.

    Pani Przewodnicząca! Jeszcze pozwolę sobie na zakończenie kilka słów powiedzieć w moim ojczystym języku polskim, bo padła tutaj wypowiedź jednego z Państwa, z panów posłów, że sankcje, którymi Unia Europejska obejmuje Rosję, są po to, żeby Rosja cierpiała. Otóż nie, one nie są po to, żeby Rosja cierpiała. One są po to, żeby nie cierpiała Ukraina, a w dalszej przyszłości, aby podobne cierpienie nie spotkało żadnego innego kraju, w tym mojego ojczystego kraju Polski.

    		  
       

    		 

      Presidente. – La discussione è chiusa.

    		  

    13. Explications de vote

    		 

      Presidente. – L’ordine del giorno reca le dichiarazioni di voto.

    		  

    13.1. Situation in Azerbaijan, violation of human rights and international law and relations with Armenia (RC-B10-0133/2024)


    		 

      Seán Kelly (PPE). – A Uachtaráin, ní ráiteas polaitiúil amháin é an tairiscint i gcomhair rúin ar an staid san Asarbaiseáin, ach ráiteas morálta. Ní mór dúinn freagairt ar ghlanadh eitneach na nAirméineach, ar ionsaí míleata leanúnach agus ar neamhaird gan náire na hAsarbaiseáine ar chearta an duine. Ní mór don Aontas Eorpach an daonlathas a chosaint, agus ní mór an smacht reachta agus na luachanna sin a urramú go leanúnach. Ní hamháin nach mór dúinn na gníomhaíochtaí sin a cháineadh, ach ní mór dúinn gníomhú ina leith freisin. Caithfimid an Asarbaiseáin a thabhairt chun cuntais. Úsáidimis an rún seo chun ár dtiomantas do chearta an duine a athdhearbhú, ní hamháin le briathar ach le gníomh. Agus anois freagróidh mé an fón.

    		  

    13.2. People’s Republic of China’s misinterpretation of the UN resolution 2758 and its continuous military provocations around Taiwan (RC-B10-0134/2024)


    		 

      Seán Kelly (PPE). – A Uachtaráin, thacaigh mé leis an rún seo toisc go bhfuil rannpháirtíocht fhiúntach tuillte ag an Téaváin i bhfóraim idirnáisiúnta. Cé go dtugtar aitheantas i rún 2758 na Náisiún Aontaithe i 1971 do Dhaon-Phoblacht na Síne, ní réitíonn sé stádas na Téaváine ná ní thugann sé ceannasacht don tSín ar an Téaváin. Tá ról ríthábhachtach ag an Téaváin, ar thír dhaonlathach bhríomhar í ar fud an domhain, ón gcúram sláinte go dtí an teicneolaíocht. Ba cheart a toghcháin shíochánta agus a dearcadh comhoibrithe domhanda a léiriú ina rannpháirtíocht le heagraíochtaí idirnáisiúnta amhail EDS agus ICAO. Ní hamháin go bhfuil sé cóir, ach tá sé riachtanach freisin go dtacaímid le rannpháirtíocht na Téaváine chun an dlí idirnáisiúnta agus an daonlathas a urramú.

    		  

    14. Approval of the minutes of the sitting and forwarding of texts adopted

    		 

      Presidente. – Il processo verbale della seduta odierna verrà sottoposto all’approvazione del Parlamento all’inizio della prossima seduta.

    Se non vi sono obiezioni, procedo alla trasmissione immediata delle risoluzioni approvate nella seduta odierna ai loro destinatari.

    		  

    15. Dates of forthcoming sittings

    		 

      Presidente. – La prossima tornata si svolgerà dal 13 al 14 novembre 2024 a Bruxelles.

    		  

    16. Closure of the sitting

       

    (La seduta è tolta alle 15.41)

    		  

    17. Adjournment of the session

    		 

      Presidente. – Dichiaro interrotta la sessione del Parlamento europeo.

    La seduta è tolta.

    		  

    MIL OSI Europe News –

  • MIL-OSI Europe: ASIA/INDIA – Internal migrants: Catholic communities intervene for their material and spiritual needs

    Source: Agenzia Fides – MIL OSI

    New Delhi (Agenzia Fides) – With over 450 million internal migrants (out of a population of 1.4 billion inhabitants), India is the scene of a phenomenon that has no equal in the world. Migrants, who move to other Indian states mainly for reasons related to the search for work and education, for family needs or for emergency events such as natural disasters, often face challenges related to displacement, exploitation, access to basic services. And also to faith.Among the migrants there are Catholic and Christian Indian citizens and for this reason Christian Churches in India have become aware of the phenomenon and have studied interventions and solutions to accompany these people on the path of social reintegration and in their spiritual and pastoral needs. The spirit is to “give migrants in India a second chance”, accompanying them in the process of development, job search and training, assisting them, especially in the early stages of their new life, with social and food security programs and educational opportunities for children whose families have moved to a context different from their home. To achieve these goals, the Catholic Church in India has inaugurated a digital portal that supports migrants in the country, in various areas. Presented by Cardinal Philip Neri Ferrão, Archbishop of Goa and President of the Conference Catholic Bishops of Latin Rite of India (CCBI), the new web portal, integrated into the “Catholic Connect” platform, is inspired by and seeks to put into practice the indications of Pope Francis who, with regard to migrants, has repeatedly cited four verbs: welcome, protect, promote, integrate. The action of the Catholic Church, at all levels, also aims to ensure that, thanks to the aid received, migrants and internally displaced persons and especially unaccompanied minors, do not fall victim to human trafficking.As explained by Father Jaison Vadassery, Executive Secretary of the CCBI Commission for Migrants, the online portal allows migrants to register and access church services (parishes, Caritas, schools, hospitals, etc.) regardless of their location: the aim is to ensure that migrants can find and feel the warmth of a community, even if they are far from their home or country of origin: “It is important that they integrate harmoniously into the host communities, while remaining tied to their cultural and religious roots”, explained Father Vadassery. The platform also helps migrants on a legal and bureaucratic level, for enrolling in government assistance programs or for receiving humanitarian aid in the event of emergencies and natural disasters, which cause displacement.Monsignor Alwyn D’Silva, Auxiliary Bishop of Mumbai, referring to Pope Francis’ encyclical “Fratelli Tutti”, recalled the importance of pastoral care for migrants, especially for the most vulnerable and poor, who have low-skilled jobs, who face exploitation and are without legal protection. The Church, he said, has the task of accompanying them not only in moving from one place to another and on the path of social reintegration, but also on the path of faith. For this reason, the Commission for Migrants has presented a pastoral plan that involves parishes across the country in meeting the spiritual and social needs of migrants. (PA) (Agenzia Fides, 25/10/2024)
    Share:

    MIL OSI Europe News –

  • MIL-OSI: Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending that Territorial Shareholders Vote “FOR” Merger with Hope Bancorp

    Source: GlobeNewswire (MIL-OSI)

    Glass Lewis Recognizes the Value Creation and Additional Upside that the Hope Bancorp Merger Provides to Territorial Shareholders

    Glass Lewis Acknowledges the Substantial Concerns and Risks Posed by Blue Hill’s Secrecy, Lack of Transparency and the Absence of Crucial, Material Information

    Glass Lewis Agrees with Board’s Decision Not to Consider the Blue Hill Preliminary Indication of Interest a Superior Proposal

    Territorial Board Urges Shareholders to Follow the Recommendations from Glass Lewis and ISS and Vote “FOR” the Hope Bancorp Merger TODAY

    HONOLULU, Oct. 25, 2024 (GLOBE NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) today announced that leading independent proxy advisory firm Glass, Lewis & Co., LLC (“Glass Lewis”) has joined Institutional Shareholder Services (“ISS”) in recommending that Territorial shareholders vote “FOR” the Company’s pending merger with Hope Bancorp, Inc. (NASDAQ: HOPE) (“Hope Bancorp”).

    The Company’s Special Meeting of Stockholders to vote on the transaction is scheduled to be held on November 6, 2024 at 8:30am, Hawai‘i Time. Time is short. The Special Meeting is fast approaching. Territorial shareholders are urged to vote TODAY. Voting is simple. For more information, visit the Company’s website at https://www.territorialandhopecombination.com.

    Commenting on the Glass Lewis and ISS reports, Territorial issued the following statement:

    The Territorial Board of Directors and management team collectively own 9.2% of Territorial’s outstanding shares. We are confident that the Hope Bancorp transaction is the best path forward for Territorial, our shareholders, customers, employees and the local communities we serve. We have already voted all of our shares FOR the transaction, and we urge our fellow Territorial shareholders to join us and also follow the recommendations from the Territorial Board, Glass Lewis and ISS by voting FOR the Hope Bancorp transaction today.

    Glass Lewis stated in its October 24, 2024 reporti:

    On the favorable financial aspects associated with the Hope Bancorp merger:

    • “Since the merger consideration in the proposed Hope transaction solely comprises Hope shares, current Territorial shareholders will have the opportunity to benefit from ongoing participation in a profitable, enlarged bank that is expected to be better equipped, compared to Territorial on a standalone basis, to work through various challenges and headwinds amid an uncertain economic environment.”
    • “From a quantitative perspective, the results of the dividend discount model analysis performed by KBW suggest that the implied value of the proposed Exchange Ratio is relatively favorable.”

    On the uncertainty, risks and concerns associated with Blue Hill’s preliminary indication of interest, including its lack of financing, the secrecy of its investors and doubts about its ability to close a transaction at all:

    • “We also believe that, to date, Blue Hill has provided insufficient disclosures to the Board and to shareholders regarding key details of its proposal.”
    • “In our view, the lack of such crucial information, which Blue Hill insists on keeping confidential, coupled with the uncertainties connected with Blue Hill’s need to conduct due diligence to confirm its offer price, casts serious doubts as to the risks and closing certainty of Blue Hill’s proposed deal.”
    • “Blue Hill has not provided any form of supporting evidence as to why the Blue Hill Investors would not be considered as ‘acting in concert’ by the relevant regulatory authorities, which may validate the Board’s concerns regarding the complexity and uncertainties connected to the Blue Hill Proposal.”

    In affirming that the Territorial Board reached the right conclusion with respect to the Blue Hill preliminary indication of interest and the determination that it is not a superior proposal or likely to lead to a proposal that is superior to the Hope Bancorp transaction:

    • “any direct engagement between the Board and Blue Hill could be seen as a breach of the covenants in the Merger Agreement.”
    • “we ultimately believe the Board’s decision not to deem the Blue Hill Proposal a superior proposal to be the most prudent approach, particularly given Blue Hill’s lack of serious attempts to address the Board’s concerns regarding the uncertainties of the Blue Hill Proposal.”
    • “We acknowledge that the Blue Hill Proposal offers a meaningfully higher headline price to Territorial shareholders…However, we believe the Board has raised valid concerns regarding the uncertainty and significant conditionality of the Blue Hill Proposal.”
    Your Vote is Important

    Territorial Shareholders are Urged to Vote FOR the Hope Bancorp Merger TODAY.

    Voting is quick and easy.
    Vote well in advance of the Special Meeting on November 6, 2024 at 8:30 a.m. HST.

    Call toll-free:
    (888) 742-1305
    Banks and brokers should call:
    (516) 933-3100
    Email: info@laurelhill.com
    Electronically: www.proxyvote.com


    About Us

    Territorial Bancorp Inc., headquartered in Honolulu, Hawaiʻi, is the stock holding company for Territorial Savings Bank. Territorial Savings Bank is a state-chartered savings bank which was originally chartered in 1921 by the Territory of Hawaiʻi. Territorial Savings Bank conducts business from its headquarters in Honolulu, Hawaiʻi, and has 28 branch offices in the state of Hawaiʻi. For additional information, please visit https://www.tsbhawaii.bank/.

    Additional Information about the Hope Merger and Where to Find It

    In connection with the proposed Hope Merger, Hope has filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4, containing the Proxy Prospectus, which has been mailed or otherwise delivered to Territorial’s stockholders on or about August 29, 2024, as supplemented September 12, 2024. Hope and Territorial may file additional relevant materials with the SEC. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. You may obtain any of the documents filed with or furnished to the SEC by Hope or Territorial at no cost from the SEC’s website at www.sec.gov.

    Forward-Looking Statements

    Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the low-cost core deposit base, diversification of the loan portfolio, expansion of market share, capital to support growth, strengthened opportunities, enhanced value, geographic expansion, and statements about the proposed transaction being immediately accretive. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, Territorial Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The closing of the proposed transaction is subject to regulatory approvals, the approval of Territorial Bancorp stockholders, and other customary closing conditions. There is no assurance that such conditions will be met or that the proposed merger will be consummated within the expected time frame, or at all. If the transaction is consummated, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in integrating Hope Bancorp and Territorial Bancorp and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; deposit attrition, operating costs, customer loss and business disruption following the merger, including difficulties in maintaining relationships with employees and customers, may be greater than expected; and required governmental approvals of the merger may not be obtained on its proposed terms and schedule, or without regulatory constraints that may limit growth. Other risks and uncertainties include, but are not limited to: possible further deterioration in economic conditions in Hope Bancorp’s or Territorial Bancorp’s areas of operation or elsewhere; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s or Territorial Bancorp’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp or Territorial Bancorp; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; and diversion of management’s attention from ongoing business operations and opportunities. For additional information concerning these and other risk factors, see Hope Bancorp’s and Territorial Bancorp’s most recent Annual Reports on Form 10-K. Hope Bancorp and Territorial Bancorp do not undertake, and specifically disclaim any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

    Investor / Media Contacts:
    Walter Ida
    SVP, Director of Investor Relations
    808-946-1400
    walter.ida@territorialsavings.net

    i Permission to use quotes neither sought nor obtained

    The MIL Network –

  • MIL-OSI Global: Why night owls struggle more when the clocks go back

    Source: The Conversation – UK – By Darren Rhodes, Lecturer in Cognitive Psychology and Environmental Temporal Cognition Lab Director, Keele University, Keele University

    When the clocks go back, things are even worse for night people. Roman Samborskyi/Shutterstock

    When the clocks go back and we gain an extra hour, it might seem like a welcome bonus. But not for everyone. Night owls, those who naturally prefer staying up late and waking up late, often find this time of year particularly difficult.

    The explanation lies in the the science of our internal clocks.

    Chronotypes are our natural preference for waking and sleeping at certain times, whether you’re an early bird who springs out of bed with the dawn or a night owl who comes alive in the evening.

    This variation is partly genetic, and it also influences our body’s natural rhythms, like hormone release and body temperature fluctuations. During the day, the hormone cortisol increases to help us feel alert and energised, while another hormone, melatonin, which induces sleepiness, is produced more in the evening. Similarly, our body temperature fluctuates, generally reaching its peak in the late afternoon and dropping during the night to facilitate sleep.

    When the clocks go back, night owls often face a double burden. Their biological rhythm is already shifted later compared to others, and the sudden change in daylight makes it harder to align with the social clock that dictates work and school schedules.

    For night owls, the sudden shift means losing evening daylight when they might
    naturally be more alert and active. This change can exacerbate feelings of social jet lag, a state where their internal body clock is out of sync with societal demands. Research shows that social jet lag is associated with increased stress, lower mood, and even health effects such as poorer cardiovascular health.

    If that wasn’t enough, those with an evening chronotype tend to have a harder time adapting to abrupt changes in sleep patterns. Their melatonin (the hormone that signals it’s time for sleep) is released later in the evening. When daylight saving ends, this delay can lead to even greater misalignment between their internal clock and the environment.

    Research from people living in polar regions, where there is very little daylight for several months of the year, reveals how sensitive our sense of time is to light exposure. A 2020 study on crew at the Belgrano II Argentine Antarctic station measured their estimation of time in the seconds to minutes range at five different points in the year. It found that people’s time perception in winter, due to the lack of daylight and the social isolation and confinement that came with living at the station.

    The difference between morning and night people is in our biology.
    Drazen Zigic/Shutterstock

    Research in polar regions is providing insights into how different chronotypes adapt to extreme daylight conditions. For example, some studies have shown that people with morning chronotypes tend to adapt better to the prolonged daylight of polar summers, maintaining more stable sleep patterns and mental health. Those with evening chronotypes often struggle with the long periods of darkness in polar winters, leading to greater sleep disruptions and mood disturbances.

    These insights not only have the potential to improve the quality of life for people in such settings but could also be instrumental in future space exploration, where adapting to unique time cues will be essential.

    Dark moods and light deprivation

    This struggle isn’t just about feeling tired. It affects productivity, mental health and life satisfaction. Studies suggest that people with later chronotypes are more vulnerable to seasonal affective symptoms when the days get shorter. This may be because night owls are more likely to be deprived of the morning light that helps regulate circadian rhythms.

    Morning light is particularly important for regulating circadian rhythms because it contains a higher amount of blue light, which is the most effective wavelength for stimulating the body’s production of cortisol and suppressing melatonin. Exposure to natural morning light helps reset the internal clock too.

    Night owls often face practical challenges that early birds may not fully appreciate. The misalignment between their natural sleep patterns and the demands of traditional work or school schedules can lead to chronic sleep deprivation. This struggle to adapt to an early schedule can harm cognitive performance, decision making and productivity. Studies have found that night owls are more likely to experience difficulties with metabolic health (processing food like fat and sugar), which may be linked to irregular sleep-wake patterns.

    Owls of the night may also find it harder to reap the benefits of morning activities that can help improve mood and wellbeing. Activities like outdoor exercise in natural light are particularly effective in regulating circadian rhythms. That’s why night owls who miss morning light might not get the same benefits from evening activities. This lack of alignment with societal norms can lead to feelings of isolation or being misunderstood. By recognising and validating these differences, we can begin to create environments that support the needs of different chronotypes.

    The challenges that night owls face when the clocks go back highlight how our
    society’s rigid schedules don’t always accommodate the diversity of human biology.
    Recognising these differences can be a first step toward supporting people
    whose internal clocks don’t align with the norm – whether through flexible work hours, light therapy or simply greater awareness of chronotype differences.

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

    – ref. Why night owls struggle more when the clocks go back – https://theconversation.com/why-night-owls-struggle-more-when-the-clocks-go-back-241728

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why ghosts wear clothes or white sheets instead of appearing in the nude

    Source: The Conversation – UK – By Shane McCorristine, Reader in Cultural History, Newcastle University

    When you think of a ghost, what comes to mind? A ghastly, mouldy winding-sheet? A malevolent pile of supernatural armour? Or a sinister gentleman in a stiff Victorian suit?

    In 1863 George Cruikshank, the caricaturist and illustrator of Dickens’s novels, announced a “discovery” concerning the varied appearance of ghosts. It does not seem, he wrote:

    That any one has ever thought of the gross absurdity and impossibility of there being such things as ghosts of wearing apparel … Ghosts cannot, must not, dare not, for decency’s sake, appear without clothes; and as there can be no such thing as ghosts or spirits of clothes, why then, it appears that ghosts never did appear and never can appear.

    Why aren’t ghosts naked? This was a key philosophical question for Cruikshank and many others in Victorian Britain. Indeed, stories of naked or clothesless ghosts, especially outside folklore, are exceedingly rare. Sceptics and ghost-seers alike have delighted in thinking about how exactly ghosts could have form and force in the material world. Just what kind of stuff could they be made of that allows them to share our plane of existence, in all its mundanity?

    Gillray’s Gown Metamorphose’d into a Ghost (1797).
    British Museum, CC BY

    The image of the ghost as a figure in a white winding-sheet or burial shroud has retained its iconic status for hundreds of years because it suggests a continuity between the corpse and the spirit.

    The main social role of the ghost before the modern period was to carry a message to the living from beyond the grave, so the link to burial clothing makes sense. This can be seen in the medieval trope of the Three Living and the Three Dead, whereby some hunters encounter their future skeletal corpses, wrapped in linen, admonishing them to remember death.

    Yet by the mid-19th century, with spiritualism and early forms of psychical research spreading across the western world, people began to report seeing ghosts dressed in everyday and contemporaneous clothing.

    This raised problems for those interested in investigating the reality of ghosts. If the ghost was an objective reality, why should it be wearing clothes? If the tenets of spiritualism were true, should the soul which has returned to visit the earth not be formed of light or some other form of ethereal substance? Were the clothes of spirits also spiritual, and if so, did they share in their essence or were they the ghosts of clothes in their own right?

    You could adopt an idealist position and say that the clothes were metaphysical ideas bound up with the immortal identity of the wearer – the identity of the ghost meaning something more than simply the apparition of a soul-force.

    Another explanation was that ghost-seers dress the ghost, automatically, through unconscious processes. And so we see a ghost in its usual dress because that is the mental picture we have of the person, and this choice of garment is most likely to inspire recognition.

    The Lady Ghost by Adelaide Claxton (1876).
    Sotheby’s

    The critic and anthropologist Andrew Lang drew comparisons between dreaming and ghost-seeing in 1897 when he stated that:

    We do not see people naked, as a rule, in our dreams; and hallucinations, being waking dreams, conform to the same rule. If a ghost opens a door or lifts a curtain in our sight, that, too, is only part of the illusion. The door did not open; the curtain was not lifted … It was produced in the same way as when a hypnotised patient is told that “his hand is burned”, his fancy then begets real blisters.

    For Lang, the clothes of ghosts were the stuff that dreams are made of. The implication of this, that ghost-seers are dressers, but not undressers, seems to reflect a pervading morality of ghosts, whereby most 19th-century spirits were sanitised and chaste. Lang’s odd assumption that there was no nakedness in dreams echoes this.

    The matter of spirits

    Fashion and clothing were central to the identification of class, gender and occupation in the Victorian period. The ghosts of the servant class seemed to be especially tied to their clothes, rather than their faces or voices – a theme that comes out in some ghost reports submitted to The Strand magazine in 1908.

    Here, a ghost-seer reported seeing “a figure, which had nothing supernatural about it, being simply that of a servant in a light cotton dress … and with a white cap on … The whole figure had the general appearance of the housemaid, so that she had been the one I had thought of. It was not in the least like the cook, who dressed in much darker cottons”.

    Clothes identify people and make them capable of representation – nakedness disrupts this means of instantly categorising someone.

    The ghost of a woman with a burial shroud confronts her murderer on a stormy night.
    Wellcome Collection, CC BY

    The issue of ghost clothes is interesting for historians of the supernatural because, like a loose thread, pulling at it starts to unravel some of the assumptions about matter in spiritualism. Do ghosts retain the injuries or disabilities that befell them in life? And what about the erotic fleshiness of spirits – the touching and kissing between the living and the dead in the séance room and the “ectoplasm” (a gauze-like spiritual substance) photographed emerging from the orifices of mediums? Could the living even have sexual intercourse with ghosts?

    These kinds of knotty debates have not disappeared in the 21st century. Indeed, “spectrophilia” – or the love of ghosts – is a fetish that is a lively topic of debate on the internet today. Another turn of the screw in the long history of how spirits matter in the world of the living.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

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

    – ref. Why ghosts wear clothes or white sheets instead of appearing in the nude – https://theconversation.com/why-ghosts-wear-clothes-or-white-sheets-instead-of-appearing-in-the-nude-241948

    MIL OSI – Global Reports –

  • MIL-OSI Global: Playing in mud and dirt can boost your child’s immune system – here’s how

    Source: The Conversation – UK – By Samuel J. White, Associate Professor & Head of Projects, York St John University

    Being exposed to a diverse array of microbes in childhood helps ‘train’ the immune system. MNStudio/ Shutterstock

    With the popularity of CleanTok on social media, we’re constantly being reminded about how dirty everything around us is. But while you might feel you should disinfect every surface in your home or send your child off to school with antibacterial gels so their hands stay clean, science actually shows us that being exposed to a bit of dirt can be good for kids’ health.

    Evidence suggests that exposure to the microbes in dirt might actually help children develop stronger immune systems – and may even decrease their risk of developing allergies and autoimmune diseases.

    Mud is not just a mix of soil and water. It’s a complex ecosystem filled with microorganisms. One gram of soil can harbour up to 10 billion microorganisms – of potentially thousands of different species.

    The diverse array of bacteria, fungi and other microbes present in mud and soil play a crucial role in our health and is key to what immunologists call “immune training”. This is the process by which the immune system learns to distinguish between harmful pathogens and benign environmental substances.

    During childhood, the immune system is especially adaptable. When exposed to a wide variety of microbes, it learns to strike a balance – responding aggressively to harmful invaders while leaving harmless substances, such as pollen or food particles, alone.

    But a lack of such training could leave immune systems worse off.

    According to the “hygiene hypothesis”, as societies become more urbanised and sanitised, our immune systems are deprived of the microbial challenges they need to develop properly. This may cause the immune system to become hypersensitive, mistaking innocuous substances – such as pollen or dust – for dangerous invaders. This hypersensitivity can manifest as allergic conditions such as asthma, eczema or hay fever.

    Lack of microbial exposure, particularly in early childhood, may also increase the likelihood of developing common colds and other childhood illnesses due to the immune system not being properly trained to handle everyday pathogens.

    The lack of such immune training could potentially explain why children growing up in sanitised environments (such as cities with limited exposure to animals or nature) are up to 50% more likely to develop conditions such as asthma and food allergies. Their immune systems, unchallenged by natural microbial exposure, may overreact to harmless triggers.

    Immune training appears to be important for lowering risk of many conditions and childhood illnesses.
    MorphoBio/ Shutterstock

    And, without regular microbial interactions, the immune system may turn on the body itself – potentially contributing to the development of autoimmune conditions such as type 1 diabetes or multiple sclerosis. Research even shows that children raised in environments with high levels of microbial exposure – such as farms or homes with pets – are less likely to develop allergies or autoimmune diseases.

    There are many reasons why microbial exposure is so good for children’s developing immune systems. For instance, Bacteroides fragilies, which is commonly found in soil, helps produce a key molecule that’s important to immune function.

    Microbial exposure also helps children develop regulatory T cells – white blood cells that control how the immune system responds to foreign invaders. T cells also prevent autoimmune reactions. This may explains why a lack of microbial exposure may increase a person’s likelihood of developing an autoimmune condition (though this is just one of many contributing factors).

    Immune development

    Mud play is more than just a messy outdoor activity. It provides essential sensory experiences – such as touching, smelling and manipulating different textures – which stimulate brain development and enhance emotional resilience.

    Sensory activities (such as playing in mud) can reduce stress in children, which is another crucial element in maintaining a well-functioning immune system.

    Research also shows Mycobacterium vaccae, a type of bacteria commonly found in soil, is shown to reduce inflammation and even improve mood. It does this by influencing the release of serotonin, a key neurotransmitter. In animal studies, exposure to M vaccae has led to reduced symptoms of stress and anxiety. There’s emerging evidence that similar effects could occur in humans.

    In addition, playing outdoors is a form of physical activity, which further supports immune health by promoting better circulation and stimulating the production of immune cells.

    While some parents may worry about the hygiene risks of playing in mud, there are many things you can do to ensure your kids play outdoors safely:

    • Pick clean play areas: Ensure your child plays in areas unlikely to be contaminated by animal waste or harmful chemicals. Home gardens or parks are great options. If you’re unsure how clean an area may be, you can use a soil testing kit to check for harmful substances before play.
    • Dress for the mess: Waterproof clothing such as boots and jackets makes clean-up easier while still allowing children to experience the benefits of outdoor play.
    • Hand hygiene: Washing hands after playing in the mud helps prevent harmful bacteria from entering the body. This reduces the risk of infections while maintaining healthy exposure to microbes.
    • Repeat often: Repeated exposure to beneficial microbes is necessary in order to build a stronger immune system.

    Letting children get dirty by playing in mud could offer more than just fun – it may be an essential part of building a strong immune system. In a world that’s increasingly sanitised, embracing nature – dirt and all – might be exactly what our children’s immune systems need to thrive.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Playing in mud and dirt can boost your child’s immune system – here’s how – https://theconversation.com/playing-in-mud-and-dirt-can-boost-your-childs-immune-system-heres-how-241532

    MIL OSI – Global Reports –

  • MIL-OSI Global: How Harris and Trump’s economic pledges stack up

    Source: The Conversation – UK – By Conor O’Kane, Senior Lecturer in Economics, Bournemouth University

    kovop / Shutterstock

    We’re now in the home straight of the US election race, and the economy looks set to play a key role in deciding who will be sat in the White House come January 2025. Despite enjoying strong economic and employment growth since the pandemic, US voters have been telling pollsters that the high cost of living is what bothers them most about life in America right now.

    Both candidates are seeking to address voter’s concerns. The Democratic candidate, Kamala Harris, and her Republican counterpart, Donald Trump, agree on virtually nothing. But what they do agree on is that the federal government should be playing a bigger role in making things more affordable for American consumers.

    That said, there are significant differences in how the candidates propose to bring down prices across the economy. Trump wants to force companies into creating jobs on US soil. And Harris wishes to break down the power that some companies have amassed in the marketplace.

    What has Trump pledged?

    At a campaign rally on September 19, Trump said: “Together, we will deliver low taxes, low regulations, low energy costs, low interest rates and low inflation so that everyone can afford groceries, a car and a home”.

    Trump is promising to reduce regulation, as well as launching another big round of tax cuts for individual people and businesses. He has also pledged to make income from tips, overtime and social security payments exempt from tax altogether.

    But, somewhat ironically, Trump’s overall economic approach is somewhat un-Republican. We traditionally tend to think of Republicans as the “take your hands off my economy” party. However, many of Trump’s economic policy pledges are very hands on.

    He has promised tariffs of up to 20% on goods imported into the US, and 60% on all goods from China. His rationale is that by making imported goods more expensive, US companies will be encouraged to make more goods domestically, so American workers will benefit in terms of millions more well-paid manufacturing jobs at home.

    Trump has also said that, if elected, he will direct his cabinet to reduce energy prices and auto insurance by at least 50%. “Prices will come down. You just watch. They’ll come down and they’ll come down fast”, he claimed during a speech in August.

    He plans to intervene in the housing market, too. Trump’s strategy for lowering housing costs focuses on stopping “the unsustainable invasion of illegal aliens”, and he has pledged to deport up to 11 million immigrants who currently live in the US. This, he says, will result in a dramatic reduction in demand and bring down the cost of housing.

    Perhaps Trump’s most striking policy is in relation to the Federal Reserve. He wants the elected president to have a greater say over the interest rate policy for the US economy. Lower interest rates would mean lower borrowing costs, which should subsequently reduce mortgage prices.

    But a lot of economists, including former US treasury secretary Larry Summers, warn that this approach could backfire. When executives start to intervene in independent central banking, you risk setting off a spiral of rapid inflation.

    What has Harris pledged?

    A lot of Americans believe that grocery chains and food companies are ripping them off. Food prices are up by about 25% compared to before the pandemic, and a recent poll suggests that American consumers’ view of the grocery industry has sunk to a two-decade low.

    Harris has promised to address this. At a campaign event in Raleigh, North Carolina, in August, she said: “As president, I will take on the high costs that matter most to most Americans, like the cost of food”.

    She believes the food industry is too concentrated, where just a few firms have a lot of power. She wants the food industry to become more competitive, which would mean lower prices for US consumers.

    Harris has proposed giving government money to start-up meatpacking companies to help them challenge the dominant players. And she also wants the Federal Trade Commission to look at mergers and other forms of consolidation in the food industry more aggressively.

    This may include giving the commission additional regulatory and enforcement powers to actively look for and stop anti-competitive behaviour. For example, Harris has proposed the first federal ban on price gouging to stop companies exploiting crises to charge people more for essentials.

    Harris has promised to break the stranglehold large corporations have over US food supply.
    Bartolomiej Pietrzyk / Shutterstock

    Harris, like Trump, has also promised to address housing costs. She wants to use federal dollars to encourage developers to build, and has set an ambitious target of building 3 million new housing units over her four-year term.

    Her idea is that one way to bring down housing costs is to build a lot more housing. She also wants to give US$25,000 (£19,200) to every first-time home buyer in the country to help them with a down payment.

    To help reduce child poverty, Harris says she will restore Biden’s generous tax credit for parents. And, on top of that, she wants to introduce a US$6,000 tax credit for parents of newborns, as well as planning to cap childcare costs at 7% of household income.

    Both candidates have clearly listened to voters’ concerns about the cost of living, but there is little detail on how they will fund the giveaways set out in their economic policy pledges.

    Harris says there will be no tax increases for anybody who makes less than US$400,000 a year. However, she has in mind a whole bunch of taxes on millionaires and big companies – the sort that Democrats are fond of targeting. Trump, on the other hand, has not set out how he will pay for any of his policies.

    More than 20 US recipients of the Nobel prize for economics signed a letter on October 23 that called Harris’ economic agenda “vastly superior” to Trump’s.

    But we don’t have long to wait to see which candidate’s economic pledges have resonated most with US voters.

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

    – ref. How Harris and Trump’s economic pledges stack up – https://theconversation.com/how-harris-and-trumps-economic-pledges-stack-up-241644

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: “Serious questions” about Irish language signs not serious enough to warrant them being stopped?

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by TUV deputy leader Ron McDowell:

    “The DUP MLA Stephen Dunne has, in today’s News Letter, correctly highlighted the fact that there are “serious questions” about where Minister O’Dowd’s priorities lie after Mr Dunne revealed that the cost of the Irish language road signs in parts of Belfast is going to be £50,000.
    “Speaking during an Infrastructure Committee meeting Mr Dunne observed:
    “Questions must be asked about whether spending £50,000 to replace perfectly functional traffic signs is a wise use of public money. Changes to street signage in Belfast are already controversial due to their cost. The minister should carefully consider his priorities before committing any additional taxpayer money to further rolling out this scheme.”
    “I agree but there is now a question for Mr Dunne and his DUP colleagues – what are they going to do about it?
    “There is a petition in the Assembly Business Office calling for Minister O’Dowd’s decision to be referred to the Executive where Unionists could block it. Are the “serious questions” serious enough for the DUP to block this decision? If so, Mr Dunne and his colleagues will sign the petition and in so doing begin the process which will permit Unionists to overturn Minister O’Dowd’s plan for Irish language road signs in Belfast.”

    MIL OSI United Kingdom –