Category: Business

  • MIL-OSI USA: New Interim Rule Continues Restrictions on the Movement of Palm Plants and Organic Material That May Contain Coconut Rhinoceros Beetles

    Source: US State of Hawaii

    New Interim Rule Continues Restrictions on the Movement of Palm Plants and Organic Material That May Contain Coconut Rhinoceros Beetles

    Posted on Oct 11, 2024 in Main

    October 11, 2024
    NR24-29

    HONOLULU – The Hawai‘i Department of Agriculture (HDOA) today established a new interim rule to help stop the movement of the coconut rhinoceros beetle (CRB) from designated CRB-infested areas to non-infested areas in the state. Today, the Advisory Committee on Plants and Animals recommended approval of a new interim rule that restricts the movement of palm plants; decomposing plant material, such as compost, wood or tree chips; mulch; potting soil; and other landscaping products that may harbor CRB, from infested areas to non-infested areas. In addition, the interim rule restricts the movement of palm plants higher than four feet in height, which will enable closer inspection of palm crowns where CRB are most likely to bore into a tree. The interim rule designates the island of O‘ahu as a CRB-infested area and is subsequent to other interim rules that were issued in June 2022 and October 2023.

    The interim rule was signed today by HDOA Chairperson Sharon Hurd and is effective immediately. It is valid for one year, while HDOA finalizes a permanent rule which is slated to be considered by the Hawai‘i Board of Agriculture later this month.

    Any individual, company, or organization that violates the rule will be charged with a misdemeanor and fined not less than $100 and up to $10,000. Penalties for a second offense committed within five years will require the violator to pay for the cost of clean-up and decontamination fees to remove contaminated materials, as well as the cost to fully eradicate any CRB infestations caused by the violation. Repeat violators will be fined not less than $500 and up to $25,000.

    HDOA’s Plant Quarantine Branch inspectors at all island ports are concentrating efforts on inspections of potential CRB host material transported between islands.

    Residents on all islands are asked to be vigilant when purchasing mulch, compost and soil products, and to inspect bags for evidence of entry holes. An adult beetle is about two inches long, all black and has a single horn on its head. CRB grubs live in decomposing plant and animal waste. Adult CRB prefer to feed on coconut and other larger palms and are a major threat to the health of these plants.

    Residents may go to the CRB Response website at:  https://www.crbhawaii.org/ to learn more about how to detect the signs of CRB damage and how to identify CRB life stages. Reports of possible CRB infestation may also be made to the state’s toll-free Pest Hotline at 808-643-PEST (7378).

    Surveillance for CRB has been ongoing on all neighbor islands, including pheromone traps at airports, harbors and other strategic locations. The traps are used for early detection of CRB infestations and are being monitored by HDOA, island Invasive Species Committees and the University of Hawai‘i.

    The CRB is a large scarab beetle that was first detected on O‘ahu in 2013. The beetle has since been detected in many neighborhoods on O‘ahu, In May 2023, CRB was detected on Kaua‘i and collaborative eradication efforts continue on the island. On Hawai‘i Island, CRB was detected in a palm tree stump Waikoloa in October 2023 and a single CRB was found dead in a trap last month in that same area. CRB grubs were found in Kīhei, Maui, in November 2023, but have not been detected on the island since.

    CRB is a serious pest of palm trees, primarily coconut palms, as the adult beetles bore into the crowns of the palms to feed on the trees’ sap. New unopened fronds are damaged in this way and when fully opened, may break and fall unexpectedly. If CRB kill or damage the growing point of the palm, the tree may die. Secondary fungal or bacterial pathogens may also attack the wounds caused by CRB, thereby killing the tree as well. Tree mortality after CRB attack has been reported to be anywhere from 10 percent to 50 percent. Dead trees then become a safety hazard as they may fall unexpectedly after the trunk rots, potentially resulting in bodily injury or property damage.

    CRB is a major pest of palms in India, the Philippines, Palau, Fiji, Wallis and Futuna, Nukunono, American and Western Samoa and Guam. It is still not known exactly how the beetles arrived in Hawai‘i.

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    MIL OSI USA News

  • MIL-OSI USA: Additional Disaster Recovery Center Now Open in Coffee County

    Source: US Federal Emergency Management Agency 2

    Additional Disaster Recovery Center Now Open in Coffee County

    ATLANTA — FEMA opened an additional Disaster Recovery Center in Coffee County to provide one-on-one help to Georgians affected by Hurricane Helene. The center is open Monday to Saturday from 8 a.m. to 7 p.m. and Sundays from 1 to 6 p.m. This center, as well as one in Lowndes County, will be open during regular hours on Columbus Day on Monday, Oct. 14. 

    Center location:

    Coffee County

    The Atrium

    114 N. Peterson Ave.

    Douglas, GA

    Additional center in Lowndes County: 

    Lowndes County: 

    4434 North Forrest Street Extension 

    Valdosta, GA 31605

    To find center locations in Georgia, visit FEMA’s Hurricane Helene Georgia Page, FEMA’s DRC Locator or text “DRC” and your Zip Code to 43362. All centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology. 

    Homeowners and renters in Appling, Atkinson, Bacon, Ben Hill, Berrien, Brantley, Brooks,  Bryan, Bulloch, Burke, Butts, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Dodge, Echols, Effingham, Elbert, Emanuel, Evans, Fulton, Glascock, Glynn, Hancock, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Lanier, Laurens, Liberty, Lincoln, Long, Lowndes, McDuffie, Montgomery, Newton, Pierce, Rabun, Richmond, Screven, Tattnall, Telfair, Thomas, Tift, Toombs, Treutlen, Ware, Warren, Washington, Wayne and Wheeler counties can visit any open center to meet with representatives of FEMA, the State of Georgia and the U.S. Small Business Administration. No appointment is needed.

    If you are in an affected county, you are encouraged to apply for FEMA disaster assistance. The quickest way to apply is online at DisasterAssistance.gov. You can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day and help is available in most languages.

    Disaster Assistance Teams are also on the ground in affected counties going door-to-door to help survivors register for assistance.

    For the latest information about Georgia’s recovery, visit fema.gov/disaster/4830. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.

    minh.phan

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Union Government Releases XV Finance Commission Grants for Rural Local Bodies in Andhra Pradesh and Rajasthan

    Source: Government of India (2)

    Union Government Releases XV Finance Commission Grants for Rural Local Bodies in Andhra Pradesh and Rajasthan

    Major Boost for Rural Development: Over Rs.1267 crores for Rajasthan and over Rs.988 crores for Andhra Pradesh released as the first instalment.

    Posted On: 12 OCT 2024 11:16AM by PIB Delhi

    The Union Government has released the first instalment of the Fifteenth Finance Commission (XV FC) grants for the financial year 2024–25 to the Rural Local Bodies (RLBs) in Andhra Pradesh and Rajasthan. Andhra Pradesh has received untied grants amounting to ₹395.5091 crores and tied grants totalling ₹593.2639 crores. These funds are for duly elected 9 eligible District Panchayats, 615 eligible Block Panchayats, and 12,853 eligible Gram Panchayats in Andhra Pradesh. While in Rajasthan, untied grants of ₹507.1177 crores and tied grants of ₹760.6769 crores have been released for the duly elected 22 eligible District Panchayats, 287 eligible Block Panchayats and 9,068 eligible Gram Panchayats in the state.

    Utilizing Untied and Tied Grants for Empowering Local Governance

    The untied grants will enable Panchayats to address specific local needs across 29 subjects under the Eleventh Schedule of the Constitution of India, ranging from agriculture and rural housing to education and sanitation. These funds, however, cannot be used for salaries or establishment costs. The tied grants will focus on core services such as sanitation, maintenance of open-defecation free (ODF) status and water management, including rainwater harvesting, water recycling, and treatment of household waste.

    Strengthening Grassroots Democracy for Inclusive Growth

    In line with Article 243G of the Indian Constitution, these funds empower Panchayats to manage essential services and infrastructure. The provision of tied grants has presented a significant opportunity for Gram Panchayats to redefine local self-governance in alignment with Mahatma Gandhi’s vision of ‘Gram Swaraj’, fostering the development of responsible and responsive leadership at the grassroots level. This empowerment process resonates with the Government’s guiding principle of ‘Sabka Saath, Sabka Vikas, Sabka Viswas, Sabka Prayas’ as articulated by  Prime Minister Narendra Modi, emphasizing a firm commitment towards achieving the goal of “Viksit Bharat”. By enhancing local governance, these funds contribute to the inclusive growth and sustainable rural development, reinforcing India’s commitment to participatory democracy and village-level progress.

    Government of India through Ministry of Panchayati Raj and Ministry of Jal Shakti (Department of Drinking Water and Sanitation) recommends release of XV-FC Grants to States for Rural Local Bodies which are then released by Ministry of Finance. The allocated Grants are recommended and released in 2 instalments in a financial year.

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    MIL OSI Asia Pacific News

  • MIL-OSI USA: Disaster Recovery Center Opens in Jackson County

    Source: US Federal Emergency Management Agency 2

    strong>RALEIGH, N.C. –  A Disaster Recovery Center is opening Sunday, Oct. 13 in Sylva (Jackson County) to assist North Carolina survivors who experienced loss from Helene. 

    The Jackson County DRC is located at:  
    Jackson County Annex Building  
    198 WBI Drive 
    Sylva, N.C. 28779 
    Open: 8 a.m. – 7 p.m., Monday through Sunday. 

    A Disaster Recovery Center (DRC) is a one-stop shop where survivors can meet face-to-face with FEMA representatives, apply for FEMA assistance, receive referrals to local assistance in their area, apply with the U.S. Small Business Administration (SBA) for low-interest disaster loans and much more.  

    FEMA financial assistance may include money for basic home repairs, personal property losses or other uninsured, disaster-related needs, such as childcare, transportation, medical needs, funeral or dental expenses. 

    Centers are already open in Asheville, Lenoir and Marion. To find those center locations go to fema.gov/drc or text “DRC” and a zip code to 43362. Additional recovery centers will be opening soon. All centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology.   

    Homeowners and renters in 27 North Carolina counties and tribal members of the Eastern Band of Cherokee Indians can visit any open center, including locations in other states. No appointment is needed.  

    It is not necessary to go to a center to apply for FEMA assistance. The fastest way to apply is online at DisasterAssistance.gov or via the FEMA app. You may also call 800-621-3362. If you use a relay service, such as video relay, captioned telephone or other service, give FEMA your number for that service. 

    For the latest information about North Carolina recovery, visit fema.gov/disaster/4827. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema. 

    MIL OSI USA News

  • MIL-OSI Asia-Pac: PM GatiShakti National Master Plan completes 3 years of transforming India’s Infrastructure landscape

    Source: Government of India (2)

    PM GatiShakti National Master Plan completes 3 years of transforming India’s Infrastructure landscape

    PM GatiShakthi has reduced logistics cost and enabled better service delivery:Shri Piyush Goyal

    More than 44 central Ministries and 36 States and Union territories onboarded: Secretary DPIIT

    Posted On: 12 OCT 2024 3:57PM by PIB Delhi

    The PM GatiShakti National Master Plan (NMP) for muti-modal connectivity, launched by Hon’ble Prime Minister Shri Narendra Modi on 13th October 2021, completes three years today having achieved significant milestones in transforming the country’s infrastructure landscape.

    On this occasion, the Union Commerce and Industry Minister, Shri Piyush Goyal said, “PM GatiShakti has brought about a paradigm shift in how India plans and implements infrastructure projects. By integrating data from multiple Ministries and States, we have created a more efficient, transparent, and outcome-driven system. The impact is visible in faster project execution, lower logistics costs, and better services reaching every corner of the country.”

    According to Secretary DPIIT, Shri Amardeep Singh Bhatia, “PM GatiShakti NMP launched as the transformative approach 3 years ago by Hon’ble Prime Minister, has accelerated the infrastructure planning & development process leveraging geospatial technology and the Whole of the Government approach. During the last three years, more than 44 Central Ministries and 36 States/UTs have been onboarded, their data layers have been integrated and are provided with their own geospatial planning portal.”

    With its vision to bring synergy across Ministries/Departments, and States/UTs, the PM GatiShakti has successfully laid the groundwork for seamless, multi-modal connectivity and accelerated economic growth. The PM GatiShakti has redefined how India plans and executes large-scale infrastructure projects. By harnessing geospatial data from 44 Central Ministries and 36 States/UTs, the platform has significantly improved inter-ministerial coordination and streamlined project execution.

    Key Achievements:

    On boarding Whole of the Government on the Single platform

    PM GatiShakti has integrated 44 Central Ministries and 36 States/UTs with more than 1600 data layers, making it a crucial tool for planning and executing infrastructure projects. To date, over 200 big-ticket infrastructure projects have been evaluated by the Networking Planning Group (NPG) from the perspective of the principles of the PM GatiShakti viz. integrated planning & development of multimodal infrastructure, last-mile connectivity to economic and social nodes, intermodal connectivity, enhance logistics efficiency and synchronised implementation of projects.

    Social Sector Impact: Extending the PM GatiShakti to the Social Sector Ministries, the focus is on increasing the usage of the PM GatiShakti for social development, identifying social gaps (schools, hospitals, anganwadis) using, and developing applications and planning tools for capturing data. This has enabled better infrastructure planning in essential areas such as primary healthcare, education, postal services, and tribal development, ensuring that even remote and underserved areas are part of India’s infrastructure growth story.

    PM GatiShakti State Master Plans (SMPs): All 36 States/UTs have developed the PM GatiShakti State Master Plan (SMP) portals, aligned with the PM GatiShakti National Master Plan platform to synchronise infrastructure assets and enhance regional development. This unified approach has helped States streamline their capital investment for accelerating infrastructure development. Over 533 projects have been mapped by States/UTs on the PM GatiShakti portal.

    EXIM and Trade Facilitation: Aligned with the National Logistics Policy (NLP), the PM GatiShakti has been instrumental in addressing critical infrastructure gaps, reducing logistics costs, and improving India’s logistics performance. According to the World Bank’s ‘Logistics Performance Index Report (2023) India’s rank (38) has improved by six places from 44 in 2018.

    Regional Workshops and Stakeholder Engagement: Following the spirit of cooperative federalism, over the last three years, five regional workshops have been conducted, covering all 36 States/UTs to facilitate knowledge sharing, best practices, and project demonstration by Central and States Governments. These engagements have played a key role in strengthening local adoption and ownership of the GatiShakti framework.

    Driving Sustainable, Data-Driven Development: The PM GatiShakti’s data-driven approach is powered by GIS-based tools and a real-time monitoring system that enables faster and more informed decision-making. The platform ensures that projects are aligned with national priorities and completed on time, minimising delays and reducing cost overruns. This integration is key to meeting India’s Net Zero by 2070 commitments, as the platform promotes the use of green infrastructure and sustainable logistics solutions.

    Training and Capacity Building: As the PM GatiShakti is a new initiative with an advanced GIS platform, DPIIT has undertaken the task to train officials for build their capacities. The PM GatiShakti National Master Plan (PMGS NMP) has seen significant progress in capacity building through the institution of courses and workshops. A course on the PM GatiShakti, available on the iGoT platform, has already been completed by over 20,000 officials. Additionally, all Central Training Institutes (CTIs) have integrated a course module on the PM GatiShakti into their regular officers’ training curriculum. The resource persons and master trainers from DPIIT and BISAG-N conduct regular sessions on the PM GatiShakti across various CTIs and ATIs, including institutions like Lal Bahadur Shastri National Academy of Administration (LBSNAA), Sardar Vallabhbhai Patel National Police Academy (SVPNPA), and Sushma Swaraj Institute of Foreign Service (SSIFS). There have also been approximately 150 interactive training sessions on the PM GatiShakti with Ministries/Departments, and States/UTs, engaging over 1,000 officials.

    Extending PMGS to the Districts: As India moves forward, the PM GatiShakti is expected to continuously evolve to keep playing a pivotal role in expanding multi-modal infrastructure, developing Smart Cities, and enhancing the country’s industrial capabilities through Industrial Corridors and Mega Investment Regions. Building upon the vision of the PM GatiShakti National Master Plan and the significant usage demonstrated by Central Ministries/Departments as well as States/UTs, a PM GatiShakti District Master Plan (PMGS DMP) portal is being developed with technical support of BISAG-N (Bhaskaracharya National Institute for Space Applications and Geoinformatics) for collaborative planning at the District level by State/District authorities. The NMP platform’s emphasis on cross-sectoral cooperation and emerging technologies such as AI and IoT will further revolutionise infrastructure management and planning.

    Taking PMGS to international level and for promoting the use of  PM GatiShakti and Geospatial technology in the integrated planning of infrastructure, diplomatic engagements are underway with countries in the neighbourhood and other developing countries like Nepal, Bangladesh, Sri Lanka, Madagascar, Senegal and Gambia.

    The government is also considering providing access to non-government users for the data (non-sensitive and shareable) relevant to the planning of the infrastructure and developmental activities by the sector. Such access to the data shall be provided in the most secure manner.

    As India celebrates three years of the PM Gati Shakti, the initiative continues to fulfil its promise of creating a modern, interconnected infrastructure network that is key to India’s Atmanirbhar Bharat vision.

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    MIL OSI Asia Pacific News

  • MIL-OSI Russia: AI in Healthcare in UAE, China, Pakistan and Saudi Arabia: Different Pace of Adoption, Similar Results

    MILES AXLE Translation. Region: Russian Federation –

    Source: Center for Diagnostics and Telemedicine – Moscow

    The introduction of artificial intelligence (AI) into healthcare is transforming medical practices around the world, significantly reducing patient waiting times and reducing the workload of doctors. This was the key topic at the international session of the Russian Diagnostic Summit, where representatives from the UAE, China, Pakistan and Saudi Arabia spoke about their initiatives to introduce AI in radiology.

    Despite the different speeds of AI adoption, the results in each country were strikingly similar. During the session, experts from these countries shared their experiences with AI in medical imaging. China is prioritizing standardization and regulation of AI technologies in healthcare, while the UAE is advancing the use of AI in ultrasound diagnostics.

    Saudi Arabia uses remote CT and MRI scanning to address access to healthcare in rural areas, while Russia has developed a Unified Radiological Information Service that centralizes patient records, giving doctors access to diagnostic data in real time.

    This innovative system attracted the attention of international delegates, who expressed interest in implementing similar solutions in their countries. According to Yuri Vasiliev, Senior Consultant for Radiology and Instrumental Diagnostics at the Moscow Department of Health, the implementation of AI in all participating countries has led to faster patient care and a reduced workload for doctors.

    In his presentation on musculoskeletal diagnostics, Dr. Abdulla Alremaithi, President of the Emirates Radiological Society, highlighted that in the UAE, AI has reduced scanning times by 88% and improved image quality.

    Peijun Wang, professor and vice chairman of the Chinese Society of Radiology, spoke about China’s comprehensive efforts to regulate and validate AI-enabled medical devices. As of 2022, China had issued 22 regulations, and by 2023, 62 companies were involved in the development of AI-based medical imaging tools, with 45 products supporting the diagnosis of a wide range of diseases, including tumors, cardiovascular diseases, chest diseases, and fractures.

    In Saudi Arabia, Dr. Mashael Alrujaiba, board member of the Saudi Arabian Radiological Society, spoke about how remote diagnostic technologies such as CT and MRI are improving access to healthcare for patients in rural areas.

    Shazia Khan, a professor of radiology from Pakistan, highlighted the impact of AI on workflow efficiency, citing automation of measurements as one of the key benefits.

    The Russian Diagnostic Summit was attended by over 13,000 people, including representatives from all regions of Russia and delegations from 28 countries, such as Abkhazia, Turkey, Serbia, Israel, India and Syria.

    The event featured 236 scientific and educational sessions in 21 conference halls, including forums, seminars, round tables and master classes. More than 800 leading experts presented their reports, and more than 230 companies presented their latest technological innovations at the Diagnopolis exhibition.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: Banks Will Quickly Include Fraudsters’ Details in Their Systems

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    The Bank of Russia has set a time limit during which credit institutions will enter the details of fraudsters received fromdatabasesregulator, into its own systems to combat suspicious transactions. This will reduce the number of new transfers to fraudsters’ accounts.

    From October 22, 2024 forlarge banks, as well as credit institutions, significant in the payment services market, this period will be two hours, and from January 1, 2025 – one hour. For other banks, the period is three hours. Such changes are envisaged indicating the regulator.

    In addition, the Bank of Russia has clarified the requirements for the procedure for banks to provide information on possible fraudulent transactions, including forinformation exchangewith law enforcement agencies. Now, when the regulator requests it, the bank will have to establish whether the transaction was carried out without the client’s voluntary consent or not, and within one business day, respond to the Bank of Russia whether it considers such a transfer fraudulent. This approach is very important in cases where the victim did not contact his bank and immediately filed a report with the police.

    Preview photo: Andrey Popov / Shutterstock / Fotodom

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

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

    http://vvv.kbr.ru/press/event/?id=21077

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: Description of the Tax formats

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia (2) –

    Electronic message formats for data exchange in accordance with the requirements of the Bank of Russia Regulation of November 6, 2014 No. 440-P “On the procedure for sending individual documents of tax authorities to the bank, as well as sending individual documents of the bank to the tax authority in electronic form in cases stipulated by the legislation of the Russian Federation on taxes and fees”

    02/05/2021

    Related documents (1)

    02/05/2021

    06/03/2022

    In agreement with the Federal Tax Service of Russia, the reference book is applied from 17.01.2022

    01/25/2021

    Related documents (1)

    01/25/2021

    The period of application will be communicated to the participants of the information interaction additionally by official letter.

    Formats and structures of electronic documents stipulated by regulatory documents of the Bank of Russia when a bank, divisions of the settlement network operating as part of a territorial institution of the Bank of Russia, field institutions of the Bank of Russia, the First Operational Directorate of the Bank of Russia notify the tax authority in electronic form about the opening or closing of an account, deposit, about changing the details of an account, deposit, the body controlling the payment of insurance premiums about the opening or closing of an account, about changing the details of an account

    Formats and structures of electronic documents provided for by the Bank of Russia Regulation of 28.04.2012 No. 377-P “On the procedure for a bank to notify a tax authority in electronic form about the granting of the right or termination of the right to use corporate electronic means of payment for transfers of electronic funds, about changing the details of a corporate electronic means of payment”

    Formats and structures of service messages and transport files provided for by Bank of Russia Instruction No. 5607-U dated 30.10.2020 “On the procedure for a bank to notify a tax authority in electronic form about granting the right or termination of the right to use electronic means of payment for transfers of electronic funds and changing the details of electronic means of payment specified in paragraph 1.1 of Article 86 of the Tax Code of the Russian Federation”

    Bank of Russia Instruction No. 5607-U of 30.10.2020 “On the procedure for a bank to notify a tax authority in electronic form about the granting of the right or termination of the right to use electronic means of payment for transfers of electronic funds and changes in the details of electronic means of payment specified in paragraph 1.1 of Article 86 of the Tax Code of the Russian Federation” is registered with the Ministry of Justice of the Russian Federation and is posted for reference. More Collapse –

    Rules for compiling and submitting information in electronic form, as provided for by Bank of Russia Instruction No. 4512-U of August 30, 2017 “On the volume and procedure for transferring information by authorized banks as currency control agents to currency control authorities”

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

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

    http://www.cbr.ru/development/feddc/fns/

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: BRICS Central Bank Governors and Finance Ministers Discuss Cooperation Priorities

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    At a meeting in Moscow, the Chairman of the Bank of Russia Elvira Nabiullina and the Minister of Finance of the Russian Federation Anton Siluanov summed up the results of the Russian presidency of BRICS in terms of central banks and finance ministries.

    The meeting participants adopted a statement on key areas of joint work:

    BRICS Contingent Reserve Pool and development of macroeconomic information exchange; cooperation in the payment sector; development of the BRICS channel in the field of information security; interaction in the settlement and depository sector; joint research in the field of transitional financing and financial technologies; conducting training events and seminars with the central banks of the BRICS countries.

    The central bankers noted the successes achieved this year in integrating new BRICS members into the financial track. The BRICS representatives stressed the importance of the Bank of Russia’s initiative on joint central bank cyber exercises and supported their implementation every year.

    Elvira Nabiullina thanked the central banks of the BRICS countries for their joint work within the framework of the Russian presidency and expressed support for Brazil’s presidency in 2025.

    Preview photo: Roscongress

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

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

    http://vvv.kbr.ru/press/event/?id=21080

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: Trust management without standard strategies: Bank of Russia instructions

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    Trustees from January 1, 2025 will offer private investors only individual strategies.

    When forming portfolios, they must take into account the clients’ financial situation, education and experience in the securities market, as well as information about their current investments and financial obligations. This will allow them to assess not only the client’s risk appetite, but also their ability to bear such risk.

    Connection to standard strategies, when a single investment profile is defined for everyone, will now be unavailable. Previously concluded agreements providing for asset management according to uniform rules will continue to be valid until their expiration.

    Investors who prefer collective investments will be able to invest in mutual investment funds.

    Preview photo: Rawpixel.com / Shutterstock / Fotodom

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

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

    http://vvv.kbr.ru/press/event/?id=21079

    MIL OSI Russia News

  • MIL-OSI Video: Middle East: “Region on the brink of an all-out war” – DPPA Briefing | United Nations

    Source: United Nations (Video News)

    Remarks by Ms. Rosemary A. DiCarlo, Under-Secretary-General for Political and Peacebuilding Affairs, on the situation in the Middle East – Security Council, 9746th meeting.

    ———————–

    The Under-Secretary-General for Political and Peacebuilding Affairs Rosemary DiCarlo told the Security Council that “the devastating conflict in Lebanon, coupled with intensified strikes in Syria and the raging violence in Gaza and the occupied West Bank, points to a region dangerously teetering on the brink of an all-out war” and said, “our collective inability to stop the violence and stem the bloodshed is damning.”

    DiCarlo said, “Hizbullah and other non-state armed groups must stop firing rockets and missiles into Israel. We urge Israel to stop its bombardment of Lebanon and to withdraw its ground forces. The parties must seize the diplomatic options put on the table before them, not the weapons by their side.”

    She urged the parties to commit to a return to a cessation of hostilities, and the full implementation of Security Council resolutions 1559 (2004) and 1701 (2006).

    DiCarlo said, “the Lebanese state must have control over all weapons within its territory. We see what happens when it does not. The political impasse for the election of a president is approaching two years. At this time of crisis, I urge Lebanon’s political leaders to take resolute steps towards addressing the vacuum.”

    She added, “the state sovereignty and territorial integrity of both Lebanon and Israel must be respected.”

    https://www.youtube.com/watch?v=vjHG3aU_yYE

    MIL OSI Video

  • MIL-OSI China: China rolls out measures to promote green finance

    Source: China State Council Information Office

    China has unveiled a guideline on the development of green finance, outlining 19 important measures for key areas to promote the building of a beautiful China.

    Focusing on key areas such as the green development of key industries and ecological protection and restoration, China will work to create a project library for the building of a beautiful China and effectively improve the precision of financial support, according to the guideline jointly issued by four government agencies, including the People’s Bank of China and the Ministry of Ecology and Environment.

    The guideline stresses enhancing the capacities of financial institutions to provide green financial services and enriching products and services for the area.

    Efforts should be made to increase loan issuance and beef up financing support for green development, the document states.

    It also calls for stepping up innovation in green financial products for key links and areas such as regional ecological and environmental protection projects, the development of the carbon market and green consumption.

    A coordination mechanism across government agencies will be established to ensure implementation of these measures, the guideline says.

    MIL OSI China News

  • MIL-OSI China: Osaka Expo faces construction, ticket sales challenges ahead of opening

    Source: China State Council Information Office

    This photo taken on June 27, 2024 shows the construction site of the Grand Ring, the symbol for Expo 2025 Osaka, on the Yumeshima artificial island in Japan. [Photo/Xinhua]

    The preparations for the 2025 World Exposition in the western Japanese city of Osaka are facing significant challenges six months ahead of its opening, local media reported.

    One major concern is the delay in the construction of pavilions and other key facilities. Construction of many of the pavilions has fallen behind schedule, with concern growing some will not be completed by the opening, Kyodo News reported.

    A plan to operate flying taxis, viewed as one of the event’s highlights, has been dropped after all four operators gave up on carrying passengers in their electric aircraft due to safety challenges, according to the report.

    As of Oct. 6, over 7 million tickets had been sold, half of the 14 million advance tickets aimed for, the report cited organizers, adding some officials from participating companies say they are not very optimistic about sales.

    The World Expo 2025 is scheduled to be held from April 13 to Oct. 13, 2025, on the artificial island of Yumeshima in Osaka Bay.

    The budget for construction has grown 1.9-fold from the original plan to 235 billion yen (about $1.6 billion) and that for operation of the venue has risen 1.4-fold to 116 billion yen (about $780 million).

    MIL OSI China News

  • MIL-OSI China: Rural charms harvest online appeal

    Source: China State Council Information Office 3

    Mo (right) and his team livestream the benefits of pomelos. [Photo/Xinhua]

    As the morning light streams through the window and roosters crow, Mo Zhou yawns, steps out, calls his dog, grabs his tools, and embarks on a day’s work.

    The 26-year-old differs from other farmers in that he always carries a smartphone to record his day-today life. He’s a vlogger, filming snippets of rural life and traditional homemade food for his 12 million followers on short-video platform Douyin.

    From traditional dishes to heartfelt narratives, his videos capture the essence of rural life, showcasing the beauty of his hometown and its culinary delights.

    His recording of the tranquil village of Chenjiazhai in Tongren, Southwest China’s Guizhou province, has garnered a total of 320 million likes on Douyin. Named Zhouzhou on the platform, he has posted 577 videos.

    I cherish the earthy scent I carry and hope to encourage more young people to stay in rural areas and contribute to their hometowns through my experiences,” Mo says.

    Mo cuts preserved pork for a video shooting. [Photo/Xinhua]

    Born to a rural family in 1998, Mo has two older sisters. His life changed when his mother was diagnosed with breast cancer in 2015. To ease the financial burden, Mo decided to quit school and take care of his mother at home in 2019 as his mother’s health deteriorated.

    Hearing about the man’s story, fellow villager Mo Zhilin found that Mo Zhou had the potential to become a vlogger by sharing his daily life. Later in 2020, Mo Zhilin, Mo Zhou, Mo Jun and Yang Xudong set up their e-commerce company.

    Facing challenges with shyness and camera presence, Mo Zhou overcame his inhibitions by studying other accounts, taking online courses in video production and seeking advice from others on how to authentically showcase rural life and cuisine in his videos.

    As their fan base grew, they raised the bar for video quality, embracing the natural rhythm of rural life. They sourced local ingredients based on the seasons, fostering a sense of nostalgia and connection with their audience.

    “I will continue to anchor myself in the countryside, utilizing my online influence to capture and share more of Guizhou’s beauty, culture and culinary heritage,” the man says.

    Since Li Ziqi, a rural Chinese woman, became an online sensation in the late 2010s, an increasing number of rural life vloggers have put their countryside in the frame.

    Mo (right) and Yang Xudong promote kiwifruit online. [Photo/Xinhua]

    Thanks to the popularity of short-video platforms, they share their lives online and use the internet as sales channels.

    These channels not only bring higher incomes but also inject new life into the country’s rural vitalization.

    Data from Douyin shows that last year, the platform had about 176 million rural content creators, posting more than 1 billion videos and selling about 4.73 billion orders of agricultural products.

    According to data from the Ministry of Agriculture and Rural Affairs, from 2012 to the end of 2022, over 12.2 million people had returned or moved to rural areas with the aspiration of starting businesses. The number is expected to reach 15 million by 2025.

    MIL OSI China News

  • MIL-OSI: Discover the SEP (Smart Energy Pay) Listing on XT Exchange

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 13, 2024 (GLOBE NEWSWIRE) — SEP (Smart Energy Pay) is excited to announce the listing of Smart Energy Pay (SEP) on XT Exchange. The SEP/USDT trading pair will be available in the Innovation Zone, offering a new opportunity for traders to engage with a blockchain project focused on transforming the energy sector. Please find the go-live schedule below:

    • Deposit: 09:00 on October 13, 2024 (UTC)
    • Trading: 09:00 on October 14, 2024 (UTC)
    • Withdrawal: 09:00 on October 15, 2024 (UTC)

    Trading pair link: https://www.xt.com/en/trade/sep_usdt

    SEP’s listing on XT Exchange marks a significant step in bringing green energy to the forefront of the blockchain space. With this listing, SEP gains access to XT’s vast global community, enhancing its liquidity and providing exposure to a broader audience. By joining XT Exchange, SEP is poised to drive innovation in both the DeFi and renewable energy sectors, paving the way for a more sustainable future.

    Albin Warin, CEO of XT Exchange, shared his thoughts on the listing: “We are proud to welcome Smart Energy Pay to our platform. SEP’s commitment to sustainable energy and innovation resonates with our mission to support transformative projects that make a difference. We believe that the listing of SEP will provide our users with substantial value and contribute to the advancement of both the blockchain and energy sectors.”

    About XT

    Founded in 2018, XT serves more than 7.8M registered users, over 1M monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. XT crypto exchange offers a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. This includes crypto futures trading (USDT-M Futures and coin-M futures perpetual contracts) and copy trading that allows users to replicate top traders in real-time with just one click. Additionally, the futures grid allows users to automate the buying and selling of futures contracts for profits.

    Website: https://www.xt.com/

    X: https://x.com/XTexchange

    Telegram: https://t.me/XTsupport_EN

    About SEP (Smart Energy Pay)

    Smart Energy Pay is at the forefront of combining blockchain technology with renewable energy solutions. SEP leverages its own blockchain to enable secure and transparent transactions within the energy sector. A unique feature of the SEP platform is its integration with a patented 3D wind device, which allows for the efficient generation of renewable energy. By blending decentralized finance (DeFi) with green energy, SEP aims to build sustainable and accessible energy markets that cater to both consumers and businesses.

    Blockchain Explorer: https://secexplorer.io/

    Whitepaper: https://smartenergypay.com/whitepaper

    Social Links

    LinkedIn: https://www.linkedin.com/company/smartenergypay/

    Facebook: https://www.facebook.com/smartenergypay/

    Telegram: https://t.me/+BtBJIPxsn21iOGQ8

    Tiktok: https://www.tiktok.com/@smart.energy.token

    CoinMarketCap: https://coinmarketcap.com/community/profile/smartenergytoken/

    Github: https://github.com/EtherAuthority/Smart-Contracts-Library

    Press Contact

    Brand: Smart Energy Provider Ltd.

    Contact: Mr. Tahssin Asfour

    Email: marketing@smartenergypay.com

    Website: https://smartenergypay.com/

    The MIL Network

  • MIL-OSI Banking: Lufthansa Group awarded “Best Airline App 2024” worldwide

    Source: Lufthansa Group

    The Lufthansa Group has been awarded the prize for the world’s best airline app 2024 at the World Aviation Festival (WAF).

    The Lufthansa Group app was previously evaluated by customers and nominated for the final round. A jury of experts compared the four nominees in a competition, the “Battle of the Airline Apps”, and rated the Lufthansa Group app as the best among the biggest players in the industry. The Lufthansa product came out on top against the apps from Emirates, Qatar Airways and Air India.

    Dieter Vranckx, Member of the Executive Board Lufthansa Group, Global Markets & Commercial Airlines Hubs, says: “The Lufthansa Group App puts our customers at the center and provides them with user-friendly services, transparent information and support throughout their journey. I am proud of the entire team for the great progress we have made in recent years. The award for the Lufthansa Group app encourages us to continue developing our digital services for Lufthansa, Austrian Airlines, SWISS and Brussels Airlines.”

    Oliver Schmitt, Head of Digital Customer Solutions and Managing Director Digital Hangar GmbH, says: “The digital travel experience of our guests is increasingly determined by their mobile devices. The app is playing a growing role as a travel companion. In recent years, we have worked specifically on service offerings, especially in the event of irregularities, on simplifications and better information for our guests, and created numerous benefits for frequent flyers.”

    The World Aviation Festival is a leading global conference for the international aviation industry, focusing on technology, passenger experience, digitalization and sustainability in aviation.

    MIL OSI Global Banks

  • MIL-OSI China: China’s generative AI service users surpasses 600 million

    Source: China State Council Information Office

    China has more than 600 million registered users for generative artificial intelligence (AI) services, the Ministry of Industry and Information Technology (MIIT) said on Saturday.

    Zhao Zhiguo, chief engineer at the MIIT, highlighted the continuous expansion of the country’s core AI industry, with over 4,500 companies now operating in the sector.

    Currently, nearly 200 generative AI service models are registered and available to the public, said Zhao.

    He noted that it is essential to enhance the capacity of AI infrastructure for public services and establish accessible, adaptable and highly available AI development platforms to accelerate the training, optimization and large-scale application of AI models.

    Efforts are also needed to enhance the supply capability of computing power facilities and build a unified national computing system, thereby increasing the share of intelligent computing resources, said Zhao.

    The country’s telecommunications operator, China Mobile, launched an evaluation standard on general AI large models on the same day together with China Electronics Standardization Institute and 16 key enterprises, providing a reference for companies to select high-quality AI models.

    The standard, driven by actual demand from key industries, focuses on six dimensions, namely functionality, accuracy, reliability, safety, interactivity and applicability, to comprehensively assess the core competence in the application of large models.

    It covers a wide range of industry scenarios, including telecommunications, transportation, energy and manufacturing.

    MIL OSI China News

  • MIL-OSI Africa: GITEX GLOBAL and Expand North Star set to accelerate world’s Artificial Intelligence (AI) economy with market projected to reach $2.7 trillion by 2032

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

    DUBAI, United Arab Emirates, October 13, 2024/APO Group/ —

    GITEX GLOBAL (www.Gitex.com), the world’s largest tech and startup event, takes centre stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem.

    Held at Dubai World Trade Centre (DWTC) from 14-18 October, the incomparable international showpiece will be more influential than ever this time around – presenting an expanded events programme that transforms the UAE into an AI universe epicentre.

    Under the theme “Global Collaboration to Forge a Future AI Economy”, GITEX GLOBAL 2024 welcomes the world’s largest technology enterprises alongside governments, investors, experts, startups, academia, and researchers.  

    Expand North Star (http://apo-opa.co/405aSCm), the world’s largest startup and investment show, runs concurrently at Dubai Harbour from 13-16 October – hosted by Dubai Chamber of Digital Economy and organised by DWTC.

    With over 6,500 exhibiting companies, 1,800 startups, and 1,200 investors from more than 180 countries participating across 38 halls of innovation and business opportunities, these blockbuster events will see the UAE “strategically propel the next generation of AI-driven technologies”.

    Trixie LohMirmand, Executive Vice President of DWTC, the organiser of GITEX GLOBAL and Expand North Star, said: “At GITEX GLOBAL in Dubai, we shall close the year with significant manoeuvres from our tech community by doubling down on global collaborations and intensive engagements amongst all involved. Through these efforts, we shall forge competitive advantages in the race towards regional and international digital supremacy.

    “With international participation in GITEX GLOBAL 2024 rocketing by almost 40 per cent, it’s a barometer of the unstoppable ambitions of many young rising digital nations who are now confidently forging their ways into the future global AI economy through GITEX. As the world’s most global tech event brand with events in Germany, Singapore, Morocco, and Nigeria alongside Expand North Star, we are committed to strategically propelling the next generation of AI-driven technologies via startups, scale-ups and unicorns.”

    A global agenda for tomorrow’s AI economy

    According to Fortune Business Insights, the global AI market is projected to reach $621 billion in 2024 and soar to $2.7 trillion by 2032. Given its influence and impact now and in the future, the technology takes centre stage at GITEX GLOBAL 2024 with over 3,500 enterprises presenting the latest breakthrough innovations in AI, IoT, data, and the cloud.

    Amongst them is TECOM Group PJSC, which celebrates its 25th successive year at GITEX GLOBAL next week. Ahead of the event, Ammar Al Malik, Executive Vice President of Commercial at TECOM Group PJSC and Managing Director of Dubai Internet City, said: “Dubai’s pro-innovation frameworks are the bedrock of tech advancements that serve a greater purpose. GITEX GLOBAL is a springboard to unlock this potential, and as the region’s leading tech hub, Dubai Internet City has been a proud partner for decades in its mission towards a brighter future. Our community is pleased to connect innovators from more than 3,500 companies across fields like artificial intelligence (AI), Web3, digital transformation, and beyond to realise this vision.”

    Abu Dhabi’s most influential companies and organisations, including the Advanced Technology Research Council (ATRC) and G42 Group with its leading enterprises Presight and Khazna, will reinforce the Emirate’s position as an emerging global AI nexus. Other tech giants participating are Adobe, Alibaba Cloud, AWS, Builder Ai, Dell, Google, Honeywell, Huawei, IBM, Lenovo, Microsoft, Nvidia, Oracle, Salesforce, SAS, solutions by STC, and Tech Destination Pakistan.

    Presenting the year’s largest AI event, GITEX GLOBAL will deliver 120-plus hours of AI and deep tech-focused content across various topics, facilitating discussions on the implications of AI in Future Health, Digital Finance, and EdTech. Following the wildfire pace of AI adoption and the unprecedented growth in data storage demand, the event is also launching the region’s largest Data Centre Symposium in 2024, featuring the industry leaders Datalec, Kerno, Khazna, Legrand, NTT Data, Schneider Electric, Vertiv, among many others.

    The programme will build anticipation ahead of the all-new AI Everything Global 2025. This event – taking place in Abu Dhabi (4 February) and Dubai (5-6 February) will gather some of the world’s most visionary AI tech companies to construct an innovative, fair, and responsible AI industry of the future.

    Fast-tracking the next generation of startups

    The world’s largest startup and investment event, Expand North Star will foster the next frontier of tech and innovation. In another record-breaking edition, the event will connect the most innovative global founders with new markets, enterprise customers, and an influential pool of investors and venture capitalists with over $1.2 trillion in Assets Under Management (AUM). These include SOSV, Bessemer Ventures, Lightrock, Sinovation Ventures, and the European Innovation Fund.

    Additionally, Expand North Star will seek to redefine the future of money, blockchain, and creativity through leading co-located events GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. Accelerating the next generation of scaleups, the world’s largest start-up pitch competition, Supernova Challenge 2.0, also graces GITEX GLOBAL with the winners claiming a share of the $200,000 prize pool.

    Historic international involvement

    GITEX GLOBAL 2024 will welcome the highest international attendance in its history, welcoming over 400 government and digital development agencies from around the world. Alongside GITEX GLOBAL regulars, the new nations debuting this year will showcase their latest groundbreaking tech innovations.

    Next week marks the largest European participation at GITEX GLOBAL with over 35 European countries exhibiting alongside 1,000-plus SMEs and 450-plus startups from debuting countries, including Austria, Bosnia and Herzegovina, Ireland, Latvia, Lithuania, Portugal, Serbia, and Slovenia.

    Many rising digital nations from Latin America are also behind the record-breaking international involvement, as are those from Central and Southeast Asia. Joining long-time GITEX GLOBAL participants such as China, Japan, South Korea, and India are several debutants – Singapore, Malaysia, Kazakhstan, and Kyrgyzstan amongst them.

    While promoting international business development, entrepreneurship, and investment engagements to benefit enterprises, organisations, and SMEs alike, GITEX GLOBAL welcomes the European Innovation Council for the first time, Europe’s biggest deep-tech investor.

    It will also see significant collaborations with global organisations from all continents, such as the European Innovation Council, Tech Destination Pakistan, IE University, University College London (UCL), Johns Hopkins University, the Massachusetts Institute of Technology (MIT), and key corporate ventures from leading tech enterprises such as Sony, Honda, Standard Chartered, QIC, and many more.

    An action-packed agenda

    Throughout its six-day duration, GITEX GLOBAL will become a microcosm of the world, launching industry-defining programmes such as GITEX Editions, an exclusive platform for late-stage advanced tech companies and a premier hub for unicorns, soonicorns and rhinos. In 2024, the event will connect 59 top global unicorns, such as Axelera, DeepL, Insilico Medicine, and Synthesis AI.

    The World Future Economy Digital Leaders Summit is another must-attend show with global innovators and influential leaders set to address critical priorities shaping the future of technology. Additionally, GITEX Cyber Valley is this year’s most anticipated cybersecurity showcase – hosted by the UAE Cyber Security Council. With specialists forecasting that damage costs could reach $10.5 trillion annually by 2025, the show will present a power-packed conference agenda as the world’s most influential CISOs, CIOs, and GRC leaders to discuss the risks of global cybercrime.  

    Leo Chen, Corporate Senior Vice President & President of Enterprise Sales at Huawei, which will be present with a flagship stand at the event, commented on the possibilities unlocked at the event for the industry: “GITEX GLOBAL offers a unique platform for us to engage in meaningful dialogues with industry peers about the trends and perspectives on industrial intelligence. We look forward to sharing our insights and learning from others to explore the endless possibilities of industrial digital and intelligent transformation.”

    For more information on GITEX GLOBAL 2024 and to secure your passes, please visit http://www.Gitex.com. 

    MIL OSI Africa

  • MIL-OSI Banking: CBB holds Fourth Board meeting for 2024

    Source: Central Bank of Bahrain

    CBB holds Fourth Board meeting for 2024

    Published on 13 October 2024

    Manama, Kingdom of Bahrain – 13 October 2024 – The Central Bank of Bahrain’s (CBB) Board of Directors held its fourth meeting for the year 2024, chaired by Mr. Hassan Khalifa Al Jalahma on Sunday, 13 October 2024.

    The Board reviewed the topics on the agenda including the CBB’s performance report and developments in the financial sector for the third quarter of 2024 and the CBB’s financial performance report.

    The Board also reviewed key monetary and banking indicators for the year including the money supply, which increased by BD 0.6 million to reach BD 16.4 billion at the end of August 2024, compared to the same period in 2023. As for retail banks, total private deposits increased to BD14.3billion at the end of August 2024, an increase of 2.9% compared to the end of August 2023. The outstanding balance of total loans and credit facilities extended to resident economic sectors increased to BD12.2 billion at the end of August 2024, an increase of 5.2% compared to the end of 2023, with the Business Sector accounting for 42.3% and the Personal Sector at 48.8% of total loans and credit facilities.  The balance sheet of the banking system (retail banks and wholesale sector banks) increased to $243.1 billion at the end of August 2024, an increase of 8.2% compared to the end August of 2023.

    Point of Sales (POS) data for August 2024 totaled 18.2 million transactions (77.2% of which were contactless), an increase of 18.1% compared to the same period in 2023. The total value of POS transactions for August 2024 totaled BD 387.7 million (52.2% of which were contactless), an increase of 15.7% compared to the same period in 2023.

    The banking sector maintained a high level of capital adequacy and liquidity, as the capital adequacy ratio of the banking sector reached 20.0% in Q2 2024 compared with 19.3% in Q2 2023. The capital adequacy ratio for the various banking sectors was 32.9% for conventional retail banks, 16.7% for conventional wholesale banks, 19.6% for Islamic retail banks, and 20.8% for Islamic wholesale banks in Q2 2024.

    The total number of registered Collective Investment Undertakings (CIUs) as of August 2024 stood at 1715 CIUs, compared to 1673 funds as of August 2023. The net asset value (NAV) of the CIUs increased from US$ 10.651 billion in Q2 2023 to US$ 11.178 billion in Q2 2024, reflecting an increase of 4.95%. Moreover, the NAV of Bahrain domiciled CIUs increased from US$ 4.390 billion in Q2 2023 to US$ 4.428 billion in Q2 2024, reflecting an increase of 0.87%. Furthermore, the NAV of overseas domiciled CIUs increased from US$ 6.261 billion in Q2 2023 to US$ 6.750 billion in Q2 2024, reflecting an increase of 7.81%. Additionally, the NAV of Shari’a-compliant CIUs increased from US$ 1.412 billion in Q2 2023 to US$ 1.812 billion in Q2 2024, reflecting an increase of 28.33%.

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    MIL OSI Global Banks

  • MIL-OSI Global: 2024 US presidential election: can we believe the polls?

    Source: The Conversation – France – By Jérôme Viala-Gaudefroy, Spécialiste de la politique américaine, Auteurs historiques The Conversation France

    Nationwide polls are often of limited relevance, considering the unique structure of the US electoral system. To gain a better understanding of the upcoming presidential election, we need to focus on surveys conducted in the pivotal battlegrounds – the so-called swing states. After the missteps in previous elections, it’s hard to place too much confidence in these polls, as many rely on unrepresentative samples.


    As we head toward the 2024 US presidential election, media large and small frequently fall into the trap of “horse race” journalism. Policy questions are rarely treated in depth, and the emphasis is often on the latest polls. One week they announce Kamala Harris as moving ahead, and the next, Donald Trump still has an edge. But how reliable are these polls?

    In the United States, rather than being elected by direct popular vote, the president is chosen indirectly through the Electoral College, an institution inscribed in the country’s constitution. Each state is assigned a number of electors based in part on its population, but also on its number of senators. As a result, smaller states get a larger voice than their population would indicate.

    One of the implications is that national election polls can be deceiving. In most states with established partisan majorities, the outcomes are predictable due to the winner-takes-all approach. This system awards all of a state’s electoral votes to the candidate who wins the popular vote in that state (with the exception of Maine and Nebraska, which use a proportional system). As a result, the most relevant polls are those conducted in “swing states”, where neither party holds a consistent advantage.

    According to recent analyses, around ten states are expected to be in play for 2024. Based on recent trends, there are seven swing states to watch: Nevada, Arizona, Wisconsin, Michigan, Pennsylvania, North Carolina, and Georgia. In the 2016 and 2020 elections, victory margins in these states were razor-thin, often less than 1%.

    With both Harris and Trump within striking distance of the 270 Electoral College votes needed to win the presidency, these swing states, with a combined 91 votes, will determine the outcome.

    Map published on 18 August 2024 by CNN. The number of electors for each state are show. The colors indicate the states that appear to be strongly (dark blue) or probably (light blue) leaning toward Kamala Harris, and strongly (red) or probably (pink) leaning toward Donald Trump. In yellow are the seven pivotal states where victory is likely to come down to a small number of votes. Click to zoom.

    The 2016 and 2020 polling failures: flukes or systemic issues?

    When the margins are so tight in these key states, accurately measuring voter intentions is an enormous challenge. In 2016, national polls correctly predicted Hillary Clinton’s popular-vote win – she had nearly 3 million more than Trump. However, they failed to foresee Trump’s Electorial College victories in critical states, which ultimately put him over the top.

    The American Association for Public Opinion Research (AAPOR) pointed out several reasons for these errors, including underrepresentation of Republican voters, over-representation of college-educated voters (who tend to lean Democratic), and an underestimation of undecided voters who eventually voted for Trump or third-party candidates.

    Despite efforts to fix these problems, other biases showed up in 2020. While graduate voters were not over-represented and undecideds were evenly split between Biden and Trump, the Covid-19 pandemic had made the pollsters’ task more complicated. AAPOR points out that the states with a higher proportion of Covid-19 cases were the ones with the highest polling errors. As a result, pollsters underestimated Trump’s vote share in key swing states and also overestimated Biden’s national lead, making the 2020 polls the least accurate in 40 years.

    Proportion of polling errors in presidential elections since 1936. Click to zoom.
    Pew Reseach Center

    Despite these errors, Biden still triumphed, winning 4 percent more of the popular vote and taking home 306 electoral votes to Trump’s 232. Biden’s victories in the swing states of Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin make all the difference.

    Polling errors and public distrust

    Errors of this magnitude naturally increase the public’s scepticism of polling, especially among Republicans, who are already wary of establishment institutions. Contrary to initial assumptions, Trump voters didn’t hesitate to express their preferences in 2016 and 2020. However, they were less likely to participate in polls due in part to their distrust of mainstream institutions. As a result, working-class white voters – and their opinions – were underrepresented in many polls.

    Pollsters also face technical challenges. Getting a respondent on the phone now requires calling hundreds of people, thanks to caller ID and call screening. Polls with smaller samples (fewer than 1,000 respondents) are less reliable. To deal with these hurdles, many pollsters are now using a mix of methods, including e-mail, online surveys, and robocalls.

    Though cheaper, online surveys often draw voluntary participants who are compensated, which leads to issues of accuracy and representation. This growing reliance on online polling has contributed to a doubling of polling companies from 2000 to 2022, according to Pew Research Center.

    Margin of error and identifying “likely” voters

    The margin of error is a critical component of polling that is often misunderstood by the public and media. It typically falls between 3 and 4 percentage points, but for smaller demographic groups (for example, young people, white men, or Hispanics), it can be even higher. Media headlines, however, frequently imply a candidate is leading, even when the difference is within the margin of error. University of California, Berkeley researchers suggest that to ensure 95% accuracy, the margin of error should be closer to 6%.

    However, the media sometimes amplify results, particularly in headlines, by implying that a candidate is ahead, even when the difference is within the margin of error. Moreover, researchers at the University of Berkeley have shown that to guarantee 95% accuracy, this margin should be increased to at least 6%. This means a candidate projected to receive 54% of the vote is likely, in reality, to secure anywhere between 48% and 60%, reflecting an actual margin of error of 12 percentage points.

    Another significant challenge for pollsters is identifying likely voters. Only around two-thirds of citizens eligible to vote actually go to the polls. In 2016, turnout on the Democratic side was overestimated, giving the false impression that Clinton was a lock for victory. This likely caused some of her supporters to stay home, while Trump’s base showed up in force when polls suggested he was behind. Accurately predicting who will turn out to vote is crucial to polling accuracy.

    Lessons from the 2022 midterms: A glimmer of hope for 2024?

    Polling showed notable improvements during the 2022 midterm elections, with the results being the most accurate since 1998. Importantly, there was no significant bias toward either party. However, midterm elections operate differently than presidential elections, and the dynamics for 2024 may be very different. That said, many polling institutions have adapted since 2016: as of 2022, 61% of polling firms had changed their methods, such as refining sampling techniques and improving question wording. More than a third have changed their methods after 2020.

    While these changes are positive, challenges remain, especially in predicting turnout and combating low response rates.

    What good are polls, then?

    At the end of the day, election polls offer snapshots – often imprecise – and can only provide general trends. Polling methods vary across firms, introducing biases that make it difficult to compare results.

    Survey aggregators offer averages that might be more reliable than individual polls, but they still come with a degree of uncertainty. This is true for FiveThirtyEight, the well-known website founded by statistics guru Nate Silver. After ABC took over in 2023, Silver left, taking his forecasting model with him to his new platform, Silver Bulletin, which continues to attract significant media attention.

    With the unpredictability of polls, political betting markets have become popular as polling alternatives. Platforms like Polymarket, which recently hired Silver, have multiplied rapidly. Some people, like Elon Musk, argue that markets provide better forecasts than traditional polls, though this claim is unproven. There are also concerns that these markets could be manipulated to sway public opinion.

    While opinion polls aren’t the best tools for predicting elections – as this could be one of the closest in recent history – their value lies in gauging public opinion on key issues. However, even in this role, polls can still be biased, often influenced by how questions are phrased.

    For example, in 2019 USA Today ran the headline “Poll: Half of Americans say Trump is victim of a ‘witch hunt’ as trust in Mueller erodes”. This was in reference to Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election. The question asked by the poll was:

    “President Trump has called the special counsel’s investigation a ‘witch hunt’ and said he has been investigated more than previous presidents for political reasons. Do you agree?”

    The problem with this wording is that it combined two different ideas: whether the investigation was a “witch hunt” and whether Trump had been unfairly targeted for political reasons. On top of that, the question lacked neutrality, presenting only his perspective.

    Naturally, Trump used the result to his advantage, even though other polls from sources such as The Washington Post, CBS News, and NPR-PBS told a different story.

    To use polling data wisely during this election, it’s crucial to recognize these limitations and pay attention to the fine print – details like the sample size, polling date, margin of error, and methodology. Additionally, consider the poll’s sponsors, who may only release results that align with their particular agenda.

    Ultimately, the best way to interpret polling data is with caution, focusing on general trends rather than any single poll. And always remember, election outcomes can be full of surprises.

    Jérôme Viala-Gaudefroy ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’a déclaré aucune autre affiliation que son organisme de recherche.

    ref. 2024 US presidential election: can we believe the polls? – https://theconversation.com/2024-us-presidential-election-can-we-believe-the-polls-240834

    MIL OSI – Global Reports

  • MIL-OSI Video: Ranger-Man, Ranger-Man… | U.S. Army

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Rangers

    https://www.youtube.com/watch?v=hIpSh8MYWiw

    MIL OSI Video

  • MIL-OSI USA: Additional Disaster Recovery Center Now Open in Richmond County

    Source: US Federal Emergency Management Agency

    Headline: Additional Disaster Recovery Center Now Open in Richmond County

    Additional Disaster Recovery Center Now Open in Richmond County

    ATLANTA — FEMA opened an additional Disaster Recovery Center in Richmond County to provide one-on-one help to Georgians affected by Hurricane Helene. The center is open Monday to Saturday from 8 a.m. to 7 p.m. and Sundays from 1 to 6 p.m. This center, as well as one center in Coffee County and another in Lowndes County, will be open during regular hours on Columbus Day on Monday, Oct. 14. 

    Center location:

    Richmond County

    Hub for Community Innovation

    631 Chafee Ave.

    Augusta, GA 30904

    Additional centers also open in Coffee and Lowndes Counties: 

    Coffee County

    The Atrium

    114 N. Peterson Ave.

    Douglas, GA

    Lowndes County: 

    4434 North Forrest Street Extension 

    Valdosta, GA 31605

    To find center locations in Georgia, visit FEMA’s Hurricane Helene Georgia Page, FEMA’s DRC Locator or text “DRC” and your Zip Code to 43362. All centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology. 

    Homeowners and renters in Appling, Atkinson, Bacon, Ben Hill, Berrien, Brantley, Brooks,  Bryan, Bulloch, Burke, Butts, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Dodge, Echols, Effingham, Elbert, Emanuel, Evans, Fulton, Glascock, Glynn, Hancock, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Lanier, Laurens, Liberty, Lincoln, Long, Lowndes, McDuffie, Montgomery, Newton, Pierce, Rabun, Richmond, Screven, Tattnall, Telfair, Thomas, Tift, Toombs, Treutlen, Ware, Warren, Washington, Wayne and Wheeler counties can visit any open center to meet with representatives of FEMA, the State of Georgia and the U.S. Small Business Administration. No appointment is needed.

    If you are in an affected county, you are encouraged to apply for FEMA disaster assistance. The quickest way to apply is online at DisasterAssistance.gov. You can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day and help is available in most languages.

    Disaster Assistance Teams are also on the ground in affected counties going door-to-door to help survivors register for assistance.

    For the latest information about Georgia’s recovery, visit fema.gov/disaster/4830. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.

    minh.phan

    MIL OSI USA News

  • MIL-OSI USA: FEMA Assistance Tops $50 Million for Illinoisans Affected by Mid-July Severe Storms

    Source: US Federal Emergency Management Agency

    Headline: FEMA Assistance Tops $50 Million for Illinoisans Affected by Mid-July Severe Storms

    FEMA Assistance Tops $50 Million for Illinoisans Affected by Mid-July Severe Storms

    SPRINGFIELD – Just under a month since President Joe Biden declared a major disaster for the state of Illinois, FEMA assistance for households affected by the July 13 -16 severe storms, tornadoes, straight-line winds and flooding tops $50.6 million. These grants help pay for uninsured and underinsured losses and storm-related damage, including:

    • More than $24 million in housing grants to help pay for home repair, home replacement and rental assistance for temporary housing.
    • More than $26.5 million in Other Needs Assistance grants to help pay for personal property replacement and other serious storm-related needs—such as moving and storage fees, transportation, childcare, and medical and dental expenses.

    More than $1.6 million in long-term, low-interest disaster loans has been approved by the U.S. Small Business Administration for homeowners and renters to help repair, rebuild or replace disaster-damaged physical property and to cover economic injury for businesses of all sizes and non-profit organizations.

    Homeowners and renters with July 13 – 16 storm damage to their home or personal property in the seven designated counties including, Cook, Fulton, Henry, St. Clair, Washington, Will and Winnebago, have until the November 19 deadline to apply for disaster assistance from FEMA and U.S. Small Business Administration.

    Apply for FEMA assistance several ways:

    • Go online to DisasterAssistance.gov. 
    • Use the FEMA mobile app. 
    • In-person at a Disaster Recovery Center. Find a center nearest you, http://www.FEMA.gov/DRC.
    • Call the FEMA helpline at 800-621-3362. Multilingual operators are available. If you use video relay service, captioned telephone service or others, give FEMA your number for that service.

    Learn more about SBA disaster assistance at http://www.sba.gov/funding-programs/disaster-assistance. Visit http://www.fema.gov/disaster/4819 for more information about the disaster recovery in Illinois.  

    kimberly.keblish

    MIL OSI USA News

  • MIL-Evening Report: 30 years ago, Tarantino’s Pulp Fiction shook Hollywood and redefined ‘cool’ cinema

    Source: The Conversation (Au and NZ) – By Ben McCann, Associate Professor of French Studies, University of Adelaide

    IMDB

    What might be the most seismic moment in American cinema? Film “speaking” for the first time in The Jazz Singer? Dorothy entering the Land of Oz? That menacing shark that in 1975 invented the summer blockbuster?

    Or how about that moment when two hitmen on their way to a job began talking about the intricacies of European fast food while listening to Kool & The Gang?

    Directed by Quentin Tarantino, Pulp Fiction (1994) celebrates its 30th birthday this month. Watching it now, this story of a motley crew of mobsters, drug dealers and lowlifes in sunny Los Angeles still feels startlingly new.

    Widely regarded as Tarantino’s masterpiece, the director’s dazzling second film was considered era-defining for its memorable dialogue, innovative narrative structure and unique blend of humour and violence. It was nominated for seven Academy Awards, made stars of Samuel L. Jackson and Uma Thurman, and revitalised John Travolta’s career.

    Pulp Fiction is dark, often poignant, and very funny. It is, as one critic describes it, an “intravenous jab of callous madness, black comedy and strange unwholesome euphoria”.

    Tarantino’s trademark style includes plenty of violence and gore.
    IMDB

    A Möbius strip plot

    Famous for its non-linear narrative, Pulp Fiction weaves together a trio of connected crime stories. The three chapters – Vincent Vega and Marsellus Wallace’s Wife, The Gold Watch and The Bonnie Situation – loop, twist and intersect but, crucially, never confuse the viewer.

    Tarantino has often paid tribute to French filmmakers Jean-Luc Godard and Jean-Pierre Melville, whose earlier films also presented their narratives out of chronological order and modified the rules of the crime genre.

    By inviting audiences to piece Pulp Fiction together like a puzzle, Tarantino laid the way for subsequent achronological films such as Memento (2000), Go (1999) and Lock, Stock and Two Smoking Barrels (1998).

    Pop culture meets postmodernism

    In his influential essay Postmodernism, or the Cultural Logic of Late Capitalism, first published in 1984, political theorist Frederic Jameson coined the term “new depthlessness” to describe postmodern culture.

    Jameson perceived a shift away from the depth, meaning and authenticity that characterised earlier forms of culture, towards a focus on surface and style.

    Pulp Fiction’s iconic movie poster shows character Mia Wallace (Uma Thurman) smoking a cigarette.
    IMDB

    Pulp Fiction fits Jameson’s definition of depthlessness. It is stuffed with homages to popular culture and a vivid array of character types drawn from other B-movies – hitmen, molls, mob bosses, double-crossing boxers, traumatised war veterans and tuxedo-wearing “fixers”. It is a film of surfaces and allusions.

    Jackson, Travolta and Thurman feature alongside established 1990s box-office stars including Bruce Willis and industry stalwarts Harvey Keitel and Christopher Walken, both of whom have brief but memorable cameos.

    The film’s most iconic scene takes place at the retro 1950s-themed Jack Rabbit Slim’s diner. Thurman’s twist contest with Travolta fondly echoes Travolta’s earlier dancing in Saturday Night Fever (1977) and pays homage to other dance scenes in films such as 8 ½ (1963) and Band of Outsiders (1964).

    Words and music

    Film critic Roger Ebert once noted how Tarantino’s characters “often speak at right angles to the action”, giving long speeches before getting on with the job at hand.

    Pulp Fiction is full of witty and quotable monologues and dialogue, ranging from the philosophical to the mundane. Conversations about foot massages and blueberry pie bump up against Bible verses and reflections on fate and redemption.

    The film’s 1995 Oscar for Best Original Screenplay was a fitting achievement for Tarantino, who many regard as the snappiest writer in film history. Countless other filmmakers have looked to replicate Pulp Fiction’s mashup of cool and coarse.

    Needle drops are just as important in establishing Pulp Fiction’s mood and tone. The film’s eclectic soundtrack pings between surf rock, soul and classic rock ‘n’ roll.

    The soundtrack peaked at No. 21 on the Billboard 200 in 1994 and stayed in the charts for more than a year.

    Dividing the critics

    Though it was officially released in October 1994, Pulp Fiction had already made a stir earlier that by winning the prestigious Palme d’Or at the Cannes Film Festival.

    Many expected Krzysztof Kieślowski’s Three Colours: Red to take the top prize. Tarantino himself seemed stunned, telling the Cannes audience: “I don’t make the kind of movies that bring people together. I make movies that split people apart.”

    The film has divided critics ever since.

    Many adored Pulp Fiction for its intoxicating allure and sheer adrenaline-fuelled pleasure. To this day it maintains a 92% critic score on Rotten Tomatoes. Film critic Todd McCarthy called it a film “bulging with boldness, humour and diabolical invention”.

    But the backlash was equally robust. Some criticised the film for its excessive gore and irresponsible use of racial slurs. Screenwriting guru Syd Field felt it was too shallow and too talky. Jean-Luc Godard, once one of Tarantino’s idol, apparently hated it.

    Nonetheless, its financial success (a box office return of US$213 million from an $8 million budget) signalled the growing importance and cultural prestige of independent US films. Miramax, the studio that backed it, went on to become a major force in the industry.

    The 1994 film made stars of Samuel L. Jackson and Uma Thurman.
    IMDB

    A lasting legacy

    Shortly after Pulp Fiction’s release, the word “Tarantinoesque” appeared in the Oxofrd English Dictionary. The entry reads:

    Resembling or imitative of the films of Quentin Tarantino; characteristic or reminiscent of these films Tarantino’s films are typically characterised by graphic and stylized violence, non-linear storylines, cineliterate references, satirical themes, and sharp dialogue.

    Pulp Fiction has since been parodied and knocked off countless times. Hollywood suddenly began mass-producing low-budget crime thrillers with witty, self-reflexive dialogue. Things to Do in Denver When You’re Dead (1995), 2 Days In The Valley (1996) and Very Bad Things (1998) are just some example.

    Graffiti artist Bansky even stencilled the likeness of Jules and Vincent all over London, with bananas in place of guns. The Simpsons got in on the act too.

    Tarantino once summed up his working method as follows:

    Ultimately all I’m trying to do is merge sophisticated storytelling with lurid subject matter. I reckon that makes for an entertaining night at the movies.

    I’d say there’s no better way to describe Pulp Fiction.

    Ben McCann 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. 30 years ago, Tarantino’s Pulp Fiction shook Hollywood and redefined ‘cool’ cinema – https://theconversation.com/30-years-ago-tarantinos-pulp-fiction-shook-hollywood-and-redefined-cool-cinema-236877

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Bitget Lists X Empire’s Token (X) on Pre-Market: Latest AI-Powered NFTs and Gaming on TON

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 13, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce the listing of X Empire’s X Coin (X) on its Pre-Market platform, giving users early access to this rapidly growing project. Built on the TON blockchain, X Empire is an innovative AI-powered platform that merges digital identity creation with personalized NFTs and blockchain gaming. This move further establishes Bitget as a top platform for supporting Telegram Mini-App tokens, following the success of previous listings such as DOGS, Notcoin, and Hamster Kombat.

    Originally launched as a Telegram Mini-App Game, X Empire has quickly transformed into a comprehensive AI-based ecosystem. By combining blockchain and AI technologies, X Empire enables users to create and trade personalized NFT avatars. These avatars can be used both in gaming and as valuable digital assets, opening up new revenue opportunities for users. The integration with the TON blockchain ensures seamless NFT creation and transactions, making the platform highly accessible for both Web2 and Web3 users.

    Boasting over 36 million monthly active users and 22 million subscribers on Telegram, X Empire has emerged as a leading project within the TON ecosystem. With over 7 million views per post and 100,000+ interactions, X Empire is one of the most engaged platforms in the mini-app gaming space, offering users an immersive experience that goes beyond just gaming.

    With Bitget’s pre-market listing, users have exclusive early access to X Coin, the native token of X Empire. This pre-market offering introduces a voucher system, where a single voucher represents 69,000 $X tokens. Currently, 250,000 wallet addresses hold the token, with a total transaction volume of 273,000 TON on-chain. This gives traders a significant opportunity to be among the first to access this innovative AI-powered token.

    Bitget continues to focus on supporting the TON ecosystem and Telegram-based mini-app projects. The Bitget Telegram Apps Page currently offers over 600 apps and bots for users to explore, including games, Web3 services, and play-to-earn opportunities. Through this platform, users can quickly discover new apps, engage with various gaming models, and benefit from airdrops offered by the latest projects.

    Bitget’s ongoing support for projects like X Empire reflects its commitment to expanding the TON ecosystem. According to the latest Bitget Research Report, Telegram mini-app tokens have seen rapid growth, contributing to millions in Total Value Locked (TVL) on the TON blockchain. By listing X Coin and other tokens like CATI, DOGS and HMSTR, Bitget provides its users with early access to some of the most promising projects in the space.

    Gracy Chen, CEO of Bitget, commented: “X Empire represents a new frontier in the fusion of AI, gaming, and blockchain technology. With its large, engaged community and innovative approach to personalized NFT avatars, X Empire is set to revolutionize how users experience digital identity and blockchain-based gaming. We are thrilled to offer our users early access to X Coin through our pre-market platform, giving them a head start on what promises to be a highly sought-after token in the TON ecosystem.”

    Bitget remains a leader in providing early-stage access to trending and innovative tokens, continuing to bridge the gap between centralized and decentralized finance by offering its users cutting-edge products and services.

    For more information and to explore X Coin and other exciting mini-app tokens, visit Bitget’s Pre-Market.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dbc07e81-5f53-4e63-b628-97579d156c46

    The MIL Network

  • MIL-OSI New Zealand: Stronger fuel reserves to drive economic stability

    Source: New Zealand Government

    New Zealand’s fuel resilience is being strengthened to ensure people and goods keep moving and connected to the world in case of disruptions, Associate Energy Minister Shane Jones says.

    “Fuel security is a priority for the Coalition Government. We are acutely aware of how important engine fuels are to our economy and the impacts a fuel disruption would have on New Zealanders. New Zealand imports nearly all of its engine fuels, making us particularly vulnerable to international and domestic supply disruptions,” Mr Jones says.

    “Ensuring we hold enough reserve stocks in the right place to ride out possible disruptions is a key pillar of fuel security. It is a critical insurance policy needed to safeguard against the potentially devastating impacts that a severe and sustained fuel disruption might have.

    “The previous government introduced a minimum stockholding obligation, which means from 1 January 2025 fuel importers will be required to hold 28 days’ cover for petrol, 24 days for jet fuel and 21 days for diesel.

    “Importantly, the minimum stockholding obligation regulations introduce a new information disclosure rule which enables government to have much clearer oversight over how much fuel is held in New Zealand.

    “However, I am not satisfied that 21 days’ cover for diesel is enough, nor is the jet fuel stockholding rule sufficient to avoid disruptions to international aviation such as that we experienced in 2017.

    “Diesel is our most important fuel – it keeps food and people moving through our country. Without it, New Zealanders would struggle to access everything they need. We need to hold enough diesel onshore to keep essential goods moving through the country and vital services running, even if fuel supply chains have been disrupted. 

    “For this reason, I am seeking feedback on increasing diesel reserves to 28 days’ stock to help reduce any potential impact of a disruption to supply.

    “I am also concerned about security of supply of jet fuel at Auckland Airport. In September I informed the fuel companies which own the jet fuel infrastructure at the airport of my plan to seek Cabinet agreement on regulations that would mandate sufficient jet fuel to be held near Auckland Airport.

    “Auckland Airport is New Zealand’s gateway to the world – 75 per cent of all international seat capacity into New Zealand and 90 per cent of all long haul flights come into Auckland. 

    “New Zealand found out the hard way in 2017 when jet fuel supply was disrupted, forcing planes to be diverted and reducing our connection with the world. Further issues with jet fuel quality in 2022 reinforce the need for action. 

    “Despite the 2019 Government Inquiry into the 2017 Auckland Fuel Supply Disruption recommending jet fuel companies urgently increase their jet fuel holdings near Auckland airport, little progress has been made. Establishing a location-specific jet fuel stockholding requirement would ensure the jet fuel companies act to secure enough fuel is on hand to ride out any disruption to supply.

    “Along with reversing the ban on oil and gas exploration, these actions will further strengthen New Zealand’s resilience and self-determination to ensure disruptions to our energy supply do not halt the economy,” Mr Jones says.

    Read the discussion document on increasing diesel reserves from 21 to 28 days and have your say here: https://www.mbie.govt.nz/have-your-say/options-for-improving-our-diesel-resilience. Consultation closes on December 6.

    MIL OSI New Zealand News

  • MIL-Evening Report: Election anniversary: a year into 3-party coalition government, can the centre hold?

    Source: The Conversation (Au and NZ) – By Richard Shaw, Professor of Politics, Te Kunenga ki Pūrehuroa – Massey University

    Getty Images

    Nearly a year on from its formation, it’s clear a three-party coalition is not quite the same as the two-party versions New Zealand is accustomed to.

    Normally, the primary dynamic has been clear: the major party sets the pace while the smaller governing partner receives a bauble or two for supporting the lead act. There may be occasional concerns about tails wagging dogs, but the dog is clearly in charge.

    With the present National-ACT-NZ First coalition, however, things are more complex and less predictable. The dog has two tails, both of which are more than capable of vigorous wagging.

    On the anniversary of the 2023 election, which produced the first three-party coalition government since the MMP system was adopted in 1996, we are perhaps beginning to get a picture of where dog ends and tails begin.

    Speed wobbles

    If that picture has been a little blurry until now it’s partly because of the speed with which the government has moved – not always to its own advantage.

    In the process of ticking off the 49 items on its plan for the first 100 days, Prime Minister Christopher Luxon’s administration has kept some election promises but broken or fudged others, having to backtrack as a result.

    It has delivered tax cuts, but been forced to trim and cap spending in areas (like health and infrastructure) crying out for extra investment.

    It has given the impression of urgency and action with its Fast-track Approvals Bill. But it had to scrap the policy’s core element of granting three ministers unprecedented constitutional authority over which projects to fast-track.

    Concerns about executive overreach and potential conflicts of interest have dogged other policy areas, too. These range from the repeal of ground-breaking smoke-free legislation to firearms control – both the responsibility of junior coalition party ministers.

    This sense of a government somewhat at odds with itself extends to the swingeing cuts made to the public service workforce. Marketed as freeing up resources for front-line staff, the cuts are increasingly likely to be affecting actual service delivery in health, police, defence and elsewhere.

    Executive overreach? A protest march in Auckland against the government’s fast-track consenting legislation.
    Getty Images

    An ‘executive paradise’

    Some of this can be put down to a new government’s distrust of a public service inherited from its predecessor, and a desire to make the most of its first year before the shadow election campaign kicks off mid-term.

    But the coalition’s vigorous embrace of the executive authority baked into New Zealand’s constitutional arrangements has still been something to behold. As constitutional lawyer and former prime minister Geoffrey Palmer put it, the fast-track legislation risked turning New Zealand into “an executive paradise, not a democratic paradise”.

    The government has used parliamentary urgency more frequently than any other contemporary administration. It has been rattling legislation through the House faster than the wheels of parliamentary democracy are meant to turn.

    Submitters on the Māori wards legislation, for example, were given just three working days to prepare their arguments. Those wanting to comment on the Crown Minerals Amendment Bill had four days.

    And the government has been making less use of parliament’s expert select committees than is standard practice. This has limited public participation and constrained scrutiny of proposed legislation.

    Ministers have also been prepared to ignore public service advice while paying plenty of attention to operational matters in the departments that furnish that advice.

    New Zealand’s system of public management distinguishes between ministers’ responsibility for policy outcomes and senior officials’ responsibility for the operational decisions required to deliver those outcomes.

    Nonetheless, Cabinet has commandeered oversight of operational matters in Whaikaha/Ministry of Disabled People, following botched communications over changes in disability funding. And civil servants have recently been told to stop working from home and return to the office.

    The government will be betting this tactical disposition bolsters its “getting stuff done” narrative. But no one wants a concern with short-term operational details to come at the expense of long-term policy thinking.

    Treaty principles pantomime

    Nowhere is the coalition’s internal tension more evident, however, than in its confrontational approach to Māori and te Tiriti o Waitangi/Treaty of Waitangi issues.

    Having courted voters already sceptical or disgruntled about Māori cultural assertiveness, the coalition moved fast to disestablish Te Aka Whai Ora/Māori Health Authority, repeal legislation supporting Māori wards in local government, row back on official use of te reo Māori, and cut funding for Māori language revitalisation.

    But its proposed Treaty Principles Bill – an ACT Party initiative – looks set to be especially constitutionally fraught and politically divisive.

    National and NZ First have indicated they will not support the bill beyond its first reading, but have agreed it will receive a full six months in front of a select committee.

    This only raises the question of why any parliamentary time and money should be spent on the proposal at all – especially given the government’s supposed “laser focus” on cost and efficiency elsewhere.

    Can the centre hold?

    The politics around the Treaty Principles Bill also reveal just how much the prime minister has had to cede to ACT, for whom the proposed legislation was a bottom line during the government formation process.

    And it inevitably casts doubt on the extent and exercise of prime ministerial authority under three-way governing arrangements. ACT leader and soon-to-be deputy prime minister David Seymour has questioned Christopher Luxon’s authority more than once.

    And Luxon’s apparent unwillingness to at least censure an under-performing minister from another party (NZ First’s Casey Costello, for example) contrasts starkly with his firmer treatment of those in his own National Party (Melissa Lee and Penny Simmons, both demoted).

    One year into a three-year term, these issues can perhaps be dismissed as part of the process of bedding down a new government. But politics never rests. Winston Peters hands the deputy prime minister role to David Seymour at the end of next May. Both NZ First and ACT will want to distinguish themselves from National.

    As the next election nears and the jockeying for attention begins, the prime minister’s authority over his administration, and the coalition’s coherence, will be tested further.

    Richard Shaw 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. Election anniversary: a year into 3-party coalition government, can the centre hold? – https://theconversation.com/election-anniversary-a-year-into-3-party-coalition-government-can-the-centre-hold-240189

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: The science of happier dogs: 5 tips to help your canine friends live their best life

    Source: The Conversation (Au and NZ) – By Mia Cobb, Research Fellow, Animal Welfare Science Centre, The University of Melbourne

    Bigzumi/Shutterstock

    When you hear about “science focused on how dogs can live their best lives with us” it sounds like an imaginary job made up by a child. However, the field of animal welfare science is real and influential.

    As our most popular animal companion and coworker, dogs are very deserving of scientific attention. In recent years we’ve learned more about how dogs are similar to people, but also how they are distinctly themselves.

    We often think about how dogs help us – as companions, working as detectors, and keeping us safe and healthy. Dog-centric science helps us think about the world from a four-paw perspective and apply this new knowledge so dogs can enjoy a good life.

    Here are five tips to keep the tails in your life wagging happily.

    1. Let dogs sniff

    Sniffing makes dogs happier. We tend to forget they live in a smell-based world because we’re so visual. Often taking the dog for a walk is our daily physical activity but we should remember it could be our dogs’ only time out of the home environment.

    Letting them have a really good sniff of that tree or post is full of satisfying information for them. It’s their nose’s equivalent of us standing at the top of a mountain and enjoying a rich, colour-soaked, sunset view.

    Dogs live in a world of smells, so it’s important to let them sniff until their heart’s content.
    Pawtraits/Shutterstock

    2. Give dogs agency

    Agency is a hot topic in animal welfare science right now. For people who lived through the frustration of strict lockdowns in the early years of COVID, it’s easy to remember how not being able to go where we wanted, or see who we wanted, when we wanted, impacted our mental health.

    We’ve now learned that giving animals choice and control in their lives is important for their mental wellbeing too. We can help our dogs enjoy better welfare by creating more choices and offering them control to exercise their agency.

    This might be installing a doggy door so they can go outside or inside when they like. It could be letting them decide which sniffy path to take through your local park. Perhaps it’s choosing which three toys to play with that day from a larger collection that gets rotated around. Maybe it’s putting an old blanket down in a new location where you’ve noticed the sun hits the floor for them to relax on.

    Providing choices doesn’t have to be complicated or expensive.

    3. Recognise all dogs are individuals

    People commonly ascribe certain personality traits to certain dog breeds. But just like us, dogs have their own personalities and preferences. Not all dogs are going to like the same things and a new dog we live with may be completely different to the last one.

    One dog might like to go to the dog park and run around with other dogs at high speed for an hour, while another dog would much rather hang out with you chewing on something in the garden.

    We can see as much behavioural variation within breeds as we do between them. Being prepared to meet dogs where they are, as individuals, is important to their welfare.

    As well as noticing what dogs like to do as individuals, it’s important not to force dogs into situations they don’t enjoy. Pay attention to behaviour that indicates dogs aren’t comfortable, such as looking away, licking their lips or yawning.

    Just like humans, different dogs have different personalities.
    Daria Shvetcova/Shutterstock

    4. Respect dogs’ choice to opt out

    Even in our homes, we can provide options if our dogs don’t want to share in every activity with us. Having a quiet place that dogs can retreat to is really important in enabling them to opt out if they want to.

    If you’re watching television loudly, it may be too much for their sensitive ears. Ensure a door is open to another room so they can retreat. Some dogs might feel overwhelmed when visitors come over; giving them somewhere safe and quiet to go rather than forcing an interaction will help them cope.

    Dogs can be terrific role models for children when teaching empathy. We can demonstrate consent by letting dogs approach us for pats and depart when they want. Like seeing exotic animals perform in circuses, dressing up dogs for our own entertainment seems to have had its day. If you asked most dogs, they don’t want to wear costumes or be part of your Halloween adventures.

    5. Opportunities for off-lead activity – safely.

    When dogs are allowed to run off-lead, they use space differently. They tend to explore more widely and go faster than they do when walking with us on-lead. This offers them important and fun physical activity to keep them fit and healthy.

    Demonstrating how dogs walk differently when on- and off-lead.

    A recent exploration of how liveable cities are for dogs mapped all the designated areas for dogs to run off-leash. Doggy density ranged from one dog for every six people to one dog for every 30 people, depending on where you live.

    It also considered how access to these areas related to the annual registration fees for dogs in each government area compared, with surprising differences noted across greater Melbourne. We noted fees varied between A$37 and $84, and these didn’t relate to how many off-lead areas you could access.

    For dog-loving nations, such as Australia, helping our canine friends live their best life feels good. Science that comes from a four-paw perspective can help us reconsider our everyday interactions with dogs and influence positive changes so we can live well, together.

    Mia Cobb 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. The science of happier dogs: 5 tips to help your canine friends live their best life – https://theconversation.com/the-science-of-happier-dogs-5-tips-to-help-your-canine-friends-live-their-best-life-236952

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Electric car sales have slumped. Misinformation is one of the reasons

    Source: The Conversation (Au and NZ) – By Milad Haghani, Senior Lecturer of Urban Analytics & Resilience, UNSW Sydney

    Karolis Kavolelis/Shutterstock

    Battery electric vehicle sales in Australia have flattened in recent months. The latest data reveal a sharp 27.2% year-on-year decline (overall new vehicle sales were down 9.7%) in September. Tesla Model Y and Model 3 cars had an even steeper drop of nearly 50%.

    Sales also fell in August (by 18.5%) and July (1.5%). There’s a clear downward trend.

    Before this downturn, electric vehicle sales had been rising steadily, supported by increased choices and government incentives. In early 2024, year-to-date sales continued to grow compared to the same period in 2023. Then, in April, electric vehicle sales fell for the first time in more than two years.

    Australia isn’t simply mirroring a broader global trend. It’s true sales have slowed in parts of Europe and the United States — often due to reduced incentives. But strong sales growth continues in other regions, such as China and India.

    A range of factors or combinations of them could help explain the trend in Australia. These include governments axing incentives, concerns about safety and depreciation, and misinformation.

    Governments are cutting incentives

    Electric vehicles typically cost more upfront. However, the flood of cheaper Chinese vehicles is lowering the cost barrier.

    Federal, state and territory governments also provide financial incentives to buy electric vehicles. These have been among the main drivers of sales in Australia.

    Nationally, incentives include a higher luxury car tax threshold and exemptions from fringe benefits tax and customs duty. But several states and territories have scaled back their rebate programs and tax exemptions in 2023 and 2024.

    New South Wales and South Australia ended their $3,000 rebates on January 1 this year. At the same time, NSW ended a stamp duty refund for new and used zero-emission vehicles up to a value of $78,000. Both incentives had been offered since 2021.

    Victoria ended its $3,000 rebate, also launched in 2021, in mid-2023.

    In the ACT, the incentive of two years’ free registration closed on June 30 2024.

    Queensland’s $6,000 electric vehicle rebate ended in September.

    The market clearly responded to these changes. However, reduced financial incentives alone cannot explain the full picture. Despite several rounds of price cuts, sales of popular Tesla models are falling.

    Buyers are increasingly opting for hybrid vehicles instead. In September, sales of hybrid and plug-in hybrid vehicles were up by 34.4% and 89.9%, respectively.

    These sales trends reflect other consumer concerns beyond just the upfront cost.

    Resale value worries buyers

    One major issue for car buyers in Australia, and globally, is uncertainty about their resale value. Consumers are concerned electric vehicles depreciate faster than traditional cars.

    These concerns are particularly tied to battery degradation, which affects a car’s range and performance over time. And batteries account for much of the vehicle’s total cost. Potential buyers worry about the long-term value of a used electric vehicle with an ageing battery.

    For example, a 2021 Tesla Model 3 Standard Range Plus with nearly 85,000km currently lists for about $34,000. It has lost roughly half its value in just three years.

    While Tesla offers transferable four-year warranties and software updates, the rapid evolution of EV technology also makes older second-hand models less desirable, further reducing their value.

    Fires raise fears about safety

    Electric vehicle fires have made headlines globally. This has created doubts among consumers about the risks of owning them.

    In Korea, a high-profile battery fire in August 2024 led to a ban on certain electric vehicles from underground car parks. While similar bans are not common in Australia, some have been reported. These could have harmed local consumer confidence.

    Incidents of electric vehicle fires have increased along with vehicle numbers. Statistically, these vehicles are not more prone to fires than conventional cars – in fact, the risk is clearly lower.

    For example, analysis of publicly available statistics from South Korean government agencies, one of the early adopters of electric vehicles, show the number of fires per registered electric vehicle is steadily increasing. Fire risk remains lower than for traditional vehicles, although the gap is shrinking as the electric vehicle fleet ages. And the highly publicised nature of their fires is a source of growing buyer hesitancy.

    Electric vehicle fires in Korea are increasing with EV numbers, but the rate is still less than for petrol or diesel cars.
    Author provided using data from South Korean government agencies, CC BY

    Misinformation and politicisation are rampant

    The full environmental benefits of electric vehicles depend on widespread adoption. However, there is a wide gap between early adopters’ experiences and potential buyers’ perceptions.

    Persistent misconceptions include exaggerated concerns about battery life, charging infrastructure and safety. Myths and misinformation often fuel these concerns. Traditional vehicle and oil companies actively spread misinformation in campaigns much like those used against other green energy initiatives.

    In response, coalitions such as Electric Vehicles UK have formed to combat these false narratives and promote accurate information.

    The politicisation of green initiatives adds to the challenge. When electric vehicles become associated with a specific political ideology, it can alienate large parts of the population. Adoption then becomes slower and more divisive.

    Green transition is a work in progress

    The electric vehicle market in Australia is facing challenges, despite the growing variety of models and price cuts.

    The EV sales trend signals deeper issues in the market. Broader trends, such as the dominance of SUVs and utes, underscore the fact that while the transition to greener vehicles is progressing, it remains uneven.

    Further efforts will be needed to reduce misconceptions and misinformation, and bridge the gap between owners’ experience and potential buyers’ perceptions. Only then can Australia enjoy the environmental benefits of widespread EV adoption.

    Hadi Ghaderi receives funding from the iMOVE Cooperative Research Centre, Transport for New South Wales, Queensland Department of Transport and Main Roads, Victorian Department of Transport and Planning, Department of Infrastructure, Transport, Regional Development, Communications and the Arts, IVECO Trucks Australia limited, Victoria Department of Education and Training, Australia Post, Bondi Laboratories, Innovative Manufacturing Cooperative Research Centre, Sphere for Good, Australian Meat Processor Corporation,City of Casey, 460degrees and Passel.

    Milad Haghani 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. Electric car sales have slumped. Misinformation is one of the reasons – https://theconversation.com/electric-car-sales-have-slumped-misinformation-is-one-of-the-reasons-240545

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Economy – RBNZ Governor Adrian Orr’s Keynote Speech: Improving Māori Access to Capital

    Source: Reserve Bank of New Zealand

    14 October 2024 – New Zealand needs a system-wide approach to improving Māori access to capital to unlock economic potential, Reserve Bank of New Zealand – Te Pūtea Matua Governor Adrian Orr says in a speech delivered today.

    In his speech, Governor Orr discusses the recognition across the financial system that more needs to be done to enable Māori access to capital and participation in investment opportunities.

    “Improving Māori access to capital is a powerful enabler we all need to collectively prioritise,” Mr Orr says.

    With Māori projected to make up 20 percent of New Zealand’s labour force by 2040, the Governor reaffirmed the commitment of the Reserve Bank of New Zealand to ensuring that the financial system is inclusive.

    “We will continue to highlight the importance of collaboration and the need to focus on improving Māori access to capital,” Mr Orr says.

    The Governor acknowledged recent progress made across the financial system, reflecting on the efforts from iwi, the private and public sector, and within Te Pūtea Matua.

    “Despite the great work that is already happening in this space, there are signs that more effort is needed,” Mr Orr says.

    “My hope is that equity funding does more to improve Māori access to capital and unlock investment opportunities and choices to provide real benefits to all of Aotearoa,” Mr Orr says.

    More information

    Improving Māori Access to Capital – Reserve Bank of New Zealand – Te Pūtea Matua (rbnz.govt.nz) https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=4f3c2b70d0&e=f3c68946f8

    MIL OSI New Zealand News