NewzIntel.com

Category: Business

  • MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: Segro plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: AXA Investment Managers S.A.
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 SEGRO plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 23 September 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 YES
    Tritax EuroBox plc

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 10p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 13,625,655 1.01    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL:
          AXA Investment Managers does not have discretion regarding voting decisions in respect of 5,859,925 shares that are included in this total.    		 13,625,655 1.01    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ordinary Purchase 240 GBP 8.83

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 24 September 2024
    Contact name: Sabrina AID
    Telephone number*: +33 1 44 45 58 79

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Security: Hollidaysburg Couple Sentenced for Conspiracy to Defraud the United States and Health Care Fraud Conspiracy

    Source: Federal Bureau of Investigation (FBI) State Crime News

    HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced that John H. Johnson and his wife, Paula Z. Johnson, both age 62, of Hollidaysburg, Pennsylvania, were sentenced on September 17, 2024, by U.S. District Court Judge Christopher C. Conner, for committing fraud. John Johnson received a sentence of 97 months in prison, followed by three years of supervised release. Paula Johnson received a sentence of three years of probation, including six months of home detention with location monitoring, and was ordered to immediately pay $249,301.36 in restitution, fines, and assessments.

    According to United States Attorney Gerard M. Karam, in 2016, John H. Johnson, a physician with specialized training in anesthesiology, entered into an agreement with other individuals to defraud health insurance programs by billing them illegally for expensive tests known as “urine drug tests.” One of the individuals that Johnson conspired with was Rodney L. Yentzer, who pleaded guilty for his role in related offenses in March 2022 and is awaiting sentencing. Johnson and Yentzer carried out this agreement through a couple different groups of pain management practices located throughout central Pennsylvania, known as Lighthouse Medical and Pain Medicine of York (“PMY”). Yentzer, who had no medical training, acquired PMY in 2014 at the suggestion of John H. Johnson, with whom Yentzer was business partners. PMY absorbed Lighthouse Medical in 2017, and PMY closed permanently in November 2019 after law enforcement agents executed search warrants at its various locations. 

    “Ensuring the integrity of health care programs in this age of rising costs is paramount to our mission,” said Maureen R. Dixon, Special Agent in Charge for the U.S. Department of Health and Human Services, Office of the Inspector General. “We will continue to work with federal, state, and local partners to hold providers accountable for misconduct that exploits the programs.”

    “Healthcare fraud is not a victimless crime. In this case, the defendants caused taxpayers’ hard-earned dollars to be diverted from patients who needed care, and instead served their own interests,” said Wayne A. Jacobs, Special in Agent in Charge of FBI Philadelphia. “Today’s sentencing demonstrates the FBI and our partners’ commitment to rooting out fraud and pursuing those who conspire to exploit our healthcare systems for financial gain.”

    In 2016, Lighthouse Medical, under the direction of John H. Johnson, operated a drug testing laboratory on its own premises. This laboratory had the equipment and capabilities to perform urine drug testing (“UDT”) on site. UDT, when used legitimately, is a method for physicians to test their patients for the presence and specific amounts of various substances. A very high percentage of the patients of Lighthouse Medical (and, subsequently, PMY) were prescribed with opioid medications at each monthly visit. UDT could be used, for instance, to test whether such patients were taking their medications as prescribed or taking illegal recreational drugs in addition to their prescribed medications. Urine drug tests were typically reimbursed at a high rate by Medicare and private insurance programs.

    In March 2016, Johnson and Yentzer agreed with the new owners of a rural, 25-bed “Critical Access Hospital” located near the border of Florida and Alabama to “sell” Lighthouse Medical’s UDT laboratory services to the hospital; in exchange, the hospital purchased the exclusive right to bill for payment and collect payment from patients and insurance programs. The hospital agreed to pay Lighthouse Medical a kickback of $900 per test.

    As a Critical Access Hospital under federal law, the hospital received very favorable payment from Medicare and private insurance programs, including, for example, for UDT. Thus, even while paying a $900 kickback per test to Lighthouse Medical, the hospital was still able to collect and keep a significant amount of money over and above that amount. The owners of the hospital also used other laboratories like Lighthouse Medical in a similar pass-through manner. As a result, the hospital was able to bill for a number of laboratory tests that far exceeded what would normally be associated with a small facility of its kind, and Lighthouse Medical was paid far more than what it would have typically received for UDT from Medicare and other insurers. For instance, on July 12, 2016, the hospital paid Lighthouse Medical $816,300 for 907 urine drug tests. Approximately one week later, the hospital paid Lighthouse Medical $628,200 for nearly 700 tests.

    In total, the owners of the hospital billed others, including private insurers, approximately $1.4 billion for various laboratory testing services that were not medically necessary. The majority of this amount was due to UDT. Lighthouse Medical received $2,341,775 in kickback payments over a four-month time period, with 85% of this amount going to John H. Johnson and the remaining amount going to Rodney L. Yentzer.

    Under the terms of his plea agreement, John H. Johnson will also be required to pay over $2.3 million in restitution to defrauded health insurance companies. The restitution order against John H. Johnson is expected to be finalized within the next sixty days.

    In addition to pleading guilty to conspiracy to commit health care fraud, John H. Johnson pleaded guilty to one count of conspiracy to defraud the United States. His wife, Paula Z. Johnson, who is also a physician from Hollidaysburg, Pennsylvania, pleaded guilty to the same offense. Together, John H. Johnson and Paula Z. Johnson conspired to evade payments to the U.S. Government that John H. Johnson was required to make for a prior criminal conviction.

    In July 2015, John H. Johnson was indicted for various tax offenses in the U.S. District Court for the Western District of Pennsylvania. In September 2016, John H. Johnson was charged in the U.S. District Court for the Southern District of Florida with conspiracy to commit mail fraud and wire fraud in connection with a separate health care fraud scheme. In early 2017, John H. Johnson knew that he was likely going to prison for these offenses, so he approached Rodney L. Yentzer and got Yentzer to agree to place Paula Z. Johnson, who had not practiced medicine in years, on the PMY payroll.

    In June 2017, John H. Johnson was sentenced to an 84-month term of imprisonment for the various offenses with which he had been charged. He was also ordered to repay to the U.S. Government over $3 million restitution payments for fraudulent health care billing and unpaid taxes.

    Even following his imprisonment, Johnson and Yentzer remained in close contact through phone and in-person visits, with Johnson providing direction to Yentzer. During conversations, Johnson and Yentzer sometimes used coded language to describe sensitive subjects, including the term “toy” to refer to money and the term “toy box” to refer to bank accounts.

    John H. Johnson knew that PMY continued to be highly profitable, in large part owing to its UDT billing. Specifically, PMY billed every patient for two urine drug tests at each visit: one test a presumptive “screen” for the presence of certain substances and the second a definitive test for specific levels of 22 different substances. This testing protocol had been put in place by John H. Johnson when he ran Lighthouse Medical, and he instructed Yentzer to do the same at PMY. Yentzer followed this direction.

    From mid-2017 until late 2019, PMY submitted bills just to Medicare for around $10 million in UDT, with well over $4 million being paid out. John H. Johnson, Paula Z. Johnson, and Rodney L. Yentzer devised various other ways to funnel money to the Johnsons so that they could benefit from this wealth without the money being captured for John H. Johnson’s restitution payments. Among other things, Yentzer purchased a car for the Johnsons’ son and leased an Audi Q5 for Paula Z. Johnson, at her request. Yentzer also made $28,000 in contributions to their children’s 529 college savings accounts, paid over $40,000 in legal bills for “asset and estate planning,” made over $40,000 in payments toward personal loans, and covered other large bills, all with the knowledge of both John H. Johnson and Paula Z. Johnson. On a number of occasions, Paula Z. Johnson requested these payments directly from Yentzer or his assistant.

    PMY shut down abruptly in November 2019 after search warrants were executed because it was no longer able to retain medical providers to see patients. In January 2020, in a recorded prison call, Yentzer stated to John H. Johnson, that “if there’s anything left, I will make sure Paula gets, uh, a piece.” He added that “whatever’s left” after satisfying certain creditors he would “divvy up.” Yentzer made this statement despite the fact that Paula Z. Johnson had been formally terminated by PMY in November 2019.

    The case was investigated by the U.S. Department of Health and Human Services Office of Inspector General, Federal Bureau of Investigation, Drug Enforcement Administration Diversion Control Division, and Pennsylvania Office of Attorney General. Assistant U.S. Attorney Ravi Romel Sharma prosecuted the case.

    # # #

    MIL Security OSI –

  • MIL-OSI Africa: Secretary-General’s remarks at the Opening of the General Debate of the Seventy-ninth Session of the General Assembly [as delivered]

    Source: United Nations – English

    r. President of the General Assembly,

    Excellencies,

    Ladies and gentlemen,

    Our world is in a whirlwind.

    We are in an era of epic transformation – facing challenges unlike any we have ever seen – challenges that demand global solutions.

    Yet geo-political divisions keep deepening. The planet keeps heating.

    Wars rage with no clue how they will end.

    And nuclear posturing and new weapons cast a dark shadow.

    We are edging towards the unimaginable – a powder keg that risks engulfing the world.

    Meanwhile, 2024 is the year that half of humanity goes to the polls – and all of humanity will be affected.

    I stand before you in this whirlwind convinced of two overriding truths.

    First, the state of our world is unsustainable.

    We can’t go on like this.

    And second, the challenges we face are solvable.

    But that requires us to make sure the mechanisms of international problem-solving actually solve problems.

    The Summit of the Future was a first step, but we have a long way to go.

    Getting there requires confronting three major drivers of unsustainability.

    A world of impunity – where violations and abuses threaten the very foundation of international law and the UN Charter.

    A world of inequality – where injustices and grievances threaten to undermine countries or even push them over the edge.

    And a world of uncertainty – where unmanaged global risks threaten our future in unknowable ways.

    These worlds of impunity, inequality and uncertainty are connected and colliding.

    Excellencies,

    The level of impunity in the world is politically indefensible and morally intolerable.

    Today, a growing number of governments and others feel entitled to a “get out of jail free” card.

    They can trample international law.

    They can violate the United Nations Charter.

    They can turn a blind eye to international human rights conventions or the decisions of international courts.

    They can thumb their nose at international humanitarian law.

    They can invade another country, lay waste to whole societies, or utterly disregard the welfare of their own people.

    And nothing will happen.

    We see this age of impunity everywhere — in the Middle East, in the heart of Europe, in the Horn of Africa, and beyond.

    The war in Ukraine is spreading with no signs of letting up.

    Civilians are paying the price – in rising death tolls and shattered lives and communities.

    It is time for a just peace based on the UN Charter, on international law and on UN resolutions.

    Meanwhile, Gaza is a non-stop nightmare that threatens to take the entire region with it.

    Look no further than Lebanon.

    We should all be alarmed by the escalation. 

    Lebanon is at the brink. 

    The people of Lebanon – the people of Israel – and the people of the world — cannot afford Lebanon to become another Gaza.

    Let’s be clear.

    Nothing can justify the abhorrent acts of terror committed by Hamas on October 7th, or the taking of hostages – both of which I have repeatedly condemned.

    And nothing can justify the collective punishment of the Palestinian people.

    The speed and scale of the killing and destruction in Gaza are unlike anything in my years as Secretary-General.

    More than 200 of our own staff have been killed, many with their families.

    And yet the women and men of the United Nations continue to deliver humanitarian aid.

    I know you join me in paying a special tribute to UNRWA and to all humanitarians in Gaza.

    The international community must mobilize for an immediate ceasefire, the immediate and unconditional release of all hostages, and the beginning of an irreversible process towards a two-State solution.

    For those who go on undermining that goal with more settlements, more landgrabs, more incitement — I ask:

    What is the alternative?

    How could the world accept a one-state future in which a large a large number of Palestinians would be included without any freedom, rights or dignity?

    In Sudan, a brutal power struggle has unleashed horrific violence — including widespread rape and sexual assaults.

    A humanitarian catastrophe is unfolding as famine spreads.  Yet outside powers continue to interfere with no unified approach to finding peace.

    In the Sahel, the dramatic and rapid expansion of the terrorist threat requires a joint approach rooted in solidarity – but regional and international cooperation have broken down.

    From Myanmar to the Democratic Republic of the Congo to Haiti to Yemen and beyond – we continue to see appalling levels of violence and human suffering in the face of a chronic failure to find solutions.

    Meanwhile our peacekeeping missions are too often operating in areas where simply there is no peace to keep.

    Instability in many places around the world is a by-product of instability in power relations and geo-political divides.

    For all its perils, the Cold War had rules.

    There were hot lines, red lines and guard rails.

    It can feel as though we don’t have that today.

    Nor do we have a unipolar world.

    We are moving to a multipolar world, but we are not there yet.

    We are in a purgatory of polarity.

    And in this purgatory, more and more countries are filling the spaces of geopolitical divides, doing whatever they want with no accountability.

    That is why it is more important than ever to reaffirm the Charter, to respect international law, to support and implement decisions of international courts, and to reinforce human rights in the world.

    Anywhere and everywhere.

    Excellences, Mesdames et Messieurs,
     
    L’augmentation des inégalités est un deuxième facteur de l’insoutenabilité et une tache sur notre conscience collective.
     
    L’inégalité n’est pas une question technique ou bureaucratique.
     
    Au fond, l’inégalité est une question de pouvoir, aux racines historiques.
     
    Les conflits, les bouleversements climatiques et la crise du coût de la vie étendent ces racines historiques plus profondément encore.
     
    Dans le même temps, le monde peine encore à se relever de la flambée des inégalités engendrée par la pandémie.
     
    Si l’on regarde les 75 pays les plus pauvres du monde, un tiers d’entre eux se trouve aujourd’hui dans une situation pire qu’il y a cinq ans.
     
    Au cours de la même période, les cinq hommes les plus riches de la planète ont plus que doublé leurs fortunes.
     
    Et un pour cent des habitants de la planète détient 43 % de l’ensemble des avoirs financiers mondiaux.
     
    Au niveau national, certains gouvernements décuplent les inégalités en accordant des cadeaux fiscaux massifs aux entreprises et aux ultra-riches — au détriment des investissements dans la santé, l’éducation et la protection sociale.
     
    Et personne n’est plus lésé que les femmes et les filles du monde entier.
     
    Excellences,
     
    La discrimination et les abus généralisés fondés sur le genre constituent l’inégalité la plus répandue dans toutes les sociétés.
     
    Chaque jour, il semble que nous soyons confrontés à de nouveaux cas révoltants de féminicides, de violences fondées sur le genre et de viols collectifs – en temps de paix comme en tant qu’arme de guerre.
     
    Dans certains pays, les lois sont utilisées pour menacer la santé et les droits reproductifs.
     
    Et en Afghanistan, les lois sont utilisées pour entériner l’oppression systématique des femmes et des filles.
     
    Et je suis désolé de constater que, malgré des années de beaux discours, l’inégalité de genre se manifesteet je vous demande pardon de le dire, elle se manifeste aujourd’hui encore, pleinement dans cette enceinte.
     
    Moins de 10 pour cent des intervenants au Débat général de cette semaine sont des femmes.
     
    C’est inacceptable, surtout quand on sait que l’égalité entre les femmes et les hommes contribue à la paix, au développement durable, à l’action climatique et bien plus encore.
     
    C’est précisément pour cela nous avons pris des mesures spécifiques pour atteindre la parité hommes-femmes parmi les hauts responsables de l’Organisation des Nations Unies,objectif qui est déjà complété.
     
    C’est faisable.
     
    J’exhorte les institutions politiques et économiques du monde dominées par les hommes à le faire aussi.
     
    Excellences,
     
    Les inégalités mondiales se reflètent et se renforcent jusque dans nos propres organisations internationales.
     
    Le Conseil de sécurité des Nations Unies a été conçu par les vainqueurs de la Seconde Guerre mondiale.
     
    À l’époque, la majeure partie du continent africain était encore sous domination coloniale.
     
    À ce jour, l’Afrique n’a toujours aucun siège permanent au sein de la principale instance de paix du monde.
     
    Un changement s’impose.
     
    Il en va de même pour l’architecture financière mondiale, mise en place il y a 80 ans.
     
    Je félicite les dirigeants de la Banque mondiale et du Fonds monétaire international pour les mesures importantes qu’ils ont entreprises.
     
    Mais comme le souligne le Pacte pour l’avenir, la lutte contre les inégalités exige une accélération de la réforme de l’architecture financière internationale.
     
    Au cours des huit dernières décennies, l’économie mondiale s’est développée et transformée.
     
    Les institutions de Bretton Woods n’ont pas suivi le rythme.
     
    Elles ne sont plus en mesure de fournir un filet de sécurité mondial, ni d’offrir aux pays en développement le niveau de soutien dont ils ont tant besoin.
     
    Dans les pays les plus pauvres du monde, le coût des intérêts de la dette dépasse, en moyenne, le coût des investissements dans l’éducation, la santé et les infrastructures publiques réunis.
     
    Et à l’échelle du monde, plus de 80 % des cibles des Objectifs de développement durable ne sont pas en bonne voie.
    Excelencias,

    Volver al camino correcto requiere un aumento de financiamiento para la Agenda 2030 y el Acuerdo de París.

    Esto implica que los países del G20 lideren un Estímulo para los Objetivos de Desarrollo Sostenible de 500.000 millones de dólares al año.

    Implica reformas para aumentar sustancialmente la capacidad de préstamo de los Bancos Multilaterales de Desarrollo – y permitirles ampliar masivamente la financiación asequible a largo plazo para el clima y el desarrollo.

    Implica ampliar la financiación de contingencia mediante el reciclaje de los Derechos Especiales de Giro.

    E implica promover una reestructuración de la deuda a largo plazo.

    Excelencias,

    No me hago ilusiones sobre las barreras a la reforma del sistema multilateral.

    Los que tienen poder político y económico, o y los que creen tenerlo, son siempre reacios al cambio.

    Pero el status quo ya está agotando su poder.

    Sin reformas, la fragmentación es inevitable, y las instituciones globales perderán legitimidad, credibilidad y eficacia.

    Excellencies,

    The third driver of our unsustainable world is uncertainty.

    The ground is shifting under our feet.

    Anxiety levels are off the charts.

    And young people, in particular, are counting on us and seeking solutions.

    Uncertainty is compounded by two existential threats – the climate crisis and the rapid advance of technology — in particular, Artificial Intelligence.

    Excellencies,

    We are in a climate meltdown.

    Extreme temperatures, raging fires, droughts, and epic floods are not natural disasters.

    They are human disasters — increasingly fueled by fossil fuels.

    No country is spared. But the poorest and most vulnerable are hardest hit.

    Climate hazards are blowing a hole through the budgets of many African countries, costing up to five per cent of GDP – every year.

    And this is just the start.

    We are on course to careen past the global limit of a 1.5 degree temperature rise.

    But as the problem gets worse, solutions are getting better.

    Renewable prices are plummeting, roll-out is accelerating, and lives are being transformed by affordable, accessible clean energy.

    Renewables don’t just generate power. They generate jobs, wealth, energy security and a path out of poverty for millions.

    But developing countries cannot be plundered in that journey.

    Our Panel on Critical Minerals has recommended fair and sustainable ways to meet global demand for these resources, which are essential to the renewables revolution.

    Excellencies,

    A future without fossil fuels is certain.  A fair and fast transition is not.

    That is in your hands.

    By next year, every country must produce an ambitious new national climate action plan – or Nationally Determined Contributions.

    These must bring national energy strategies, sustainable development priorities, and climate ambitions together.

    They must align with the 1.5 degree limit, cover the whole economy, and contribute to every one of the COP28 energy transition targets.

    An International Energy Agency report released today breaks this down.

    By 2035, on average, advanced economies must slash energy emissions 80 per cent, and emerging markets 65 per cent.

    The G20 is responsible for 80 per cent of total emissions.

    They must lead the charge – keeping with the principle of common but differentiated responsibilities and respective capabilities in the light of different national circumstances.

    But this must be a joint effort — pooling resources, scientific capacities and proven and affordable technologies for all to be able to reach those targets.

    I’m honoured to be working closely with President Lula of Brazil – who is both G20 Chair and COP30 host – to secure maximum ambition, acceleration and cooperation. We just met for that purpose.

    Finance is essential.

    COP29 is around the corner.

    It must deliver a significant new finance goal.

    We also need a Loss and Damage Fund that meets the scale of the challenge – and developed countries meeting their adaptation finance promises.

    And we must finally flip the script on a crazy situation:

    We continue to reward polluters to wreck our planet.

    The fossil fuel industry continues to pocket massive profits and subsidies, while everyday people bear the costs of climate catastrophe – from rising insurance premiums to lost livelihoods.

    I call on G20 countries to shift money from fossil fuel subsidies and investments to a just energy transition;

    To put an effective price on carbon;

    And to implement new and innovative sources of financing – including solidarity levies on fossil fuel extraction – through legally-binding, transparent mechanisms.

    All by next year and this taking into account that those who shoulder the blame must foot the bill.

    Polluters must pay.

    Excellencies,

    The rapid rise of new technologies poses another unpredictable existential risk.

    Artificial Intelligence will change virtually everything we know — from work, education and communication, to culture and politics.

    We know AI is rapidly advancing, but where is it taking us:

    To more freedom – or more conflict?

    To a more sustainable world – or greater inequality?

    To being better informed – or easier to manipulate?

    A handful of companies and even individuals have already amassed enormous power over the development of AI – with little accountability or oversight for the moment.

    Without a global approach to its management, artificial intelligence could lead to artificial divisions across the board – a Great Fracture with two internets, two markets, two economies – with every country forced to pick a side, and enormous consequences for all.

    The United Nations is the universal platform for dialogue and consensus.

    It is uniquely placed to promote cooperation on AI – based on the values of the Charter and international law.

    The global debate happens here, or it does not happen.

    I welcome important first steps.

    Two resolutions in the General Assembly, the Global Digital Compact, and the recommendations of the High-Level Body on AI can lay the foundations for inclusive governance of AI.

    Let’s move forward together to make AI a force for good.

    Excellencies,

    Nothing lasts forever.

    But a feature of human life is that it appears otherwise.

    The current order always feels fixed.

    Until it is not.
     
    Across human history, we see empires rising and falling; old certainties crumbling; tectonic shifts in global affairs.
     
    Today our course is unsustainable.

    It is in all our interests to manage the epic transformations underway; to choose the future we want and to guide our world towards it.

    Many have said that the differences and divisions today are just too great.

    That it is impossible for us to come together for the common good.

    You proved that is not true.

    The Summit of the Future showed that with a spirit of dialogue and compromise, we can join forces to steer our world to a more sustainable path.

    It is not the end.

    It is a start of a journey, a compass in the whirlwind.

    Let’s keep going.

    Let’s move our world towards less impunity and more accountability …. less inequality and more justice … less uncertainty and more opportunity.

    The people of the world are looking to us – and succeeding generations will look back on us.

    Let them find us on the side of the United Nations Charter … on the side of our shared values and principles … and on the right side of history.

    I thank you.

    MIL OSI Africa –

  • MIL-OSI: Albion Technology & General VCT PLC: Half-yearly Financial Report

    Source: GlobeNewswire (MIL-OSI)

    Albion Technology & General VCT PLC
    LEI Number : 213800TKJUY376H3KN16
    24 September 2024

    Albion Technology & General VCT PLC (the “Company”)

    Half-yearly Financial Report for the six months to 30 June 2024

    Results announcement
    The Company’s Directors are pleased to attach the Company’s Half-yearly Financial Report for the six months to 30 June 2024.  The highlights include:

    • Total return of 4.99 pence per share (6.9% on opening Net asset value) (30 June 2023: 4.74 pence per share)
    • Net asset value of 75.09 pence per share (31 December 2023: 71.99 pence per share)
    • £143.8 million fund size (31 December 2023: £127.3 million)
    • Dividend paid of 1.80 pence per share in the period (30 June 2023: 1.82 pence per share)
    • Sale of Egress after the period end, returning over 7 times cost.

    The Board also declared a second dividend of 1.88 pence per Ordinary share to be paid on 6 December 2024 to shareholders on the register on 15 November 2024.

    The Half-yearly Financial Report for the six months to 30 June 2024 is attached to this announcement. Alternatively, copies are available on the Company’s webpage on the Manager’s website at:

    www.albion.capital/AATG30Jun2024

    For further details about the Company please either visit the Company’s webpage on the Manager’s website:
     www.albion.capital/vct-funds/AATG

    or contact:

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

    Attachment

    The MIL Network –

  • MIL-OSI USA: Malliotakis Recognized as a Guardian of Small Business by the National Federation of Independent Business

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, DC) – Congresswoman Nicole Malliotakis was recognized by the National Federation of Independent Business (NFIB) and was honored as a Guardian of Small Business. This award honors lawmakers who consistently vote in favor of small businesses on key issues identified by business owners. Lawmakers who voted in support of small businesses on key issues during the 118th Congress earned the NFIB Guardian of Small Business Award. A total of 269 members of Congress were recognized as Guardians of Small Business during the 118th Congress.

    “I thank the National Federation of Independent Business and NFIB President Brad Close for this award,” said Congresswoman Nicole Malliotakis. “As a Member of the House Committee on Ways and Means, my priority has been to support and champion our small businesses by cutting bureaucratic red tape, lowering taxes, and reducing regulations. We must continue working to create an economic environment where small businesses can invest, expand and thrive, as they are job creators and the backbone of our economy.”

    “The NFIB Guardian of Small Business Award is presented to Members of Congress with a demonstrated record of supporting America’s small and independent business owners,” said NFIB President Brad Close. “This Congress, small businesses faced tough economic headwinds, especially from inflation, burdensome regulations, and threats of tax hikes at all levels of the government. We are proud to recognize the lawmakers from the 118th Congress, including Representative Nicole Malliotakis, who stood up for Main Street by taking pro-small business votes that would reduce taxes, eliminate burdensome government mandates, lower health insurance costs, and fuel the Main Street economy.”

    READ MORE HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Senate Passes Bipartisan Resolution Designating Telehealth Awareness Week

    US Senate News:

    Source: United States Senator for Maryland Ben Cardin
    WASHINGTON – The U.S. Senate passed a bipartisan resolution cosponsored by U.S. Senators Ben Cardin (D-Md.), Brian Schatz (D-Hawai‘i), and Roger Wicker (R-Miss.) designating September 15-21 as “Telehealth Awareness Week.” The resolution recognizes that telehealth has helped millions of Americans across the country access quality health care, and has become a critical component of health care delivery.
    “We fought to expand telehealth access during the pandemic and the results demonstrated how critical a tool it is for countless Americans, especially for mental health services,” said Senator Cardin. “Earlier this Congress, I held a hearing in the Senate Finance Health Care Subcommittee where experts detailed the value of telehealth services being covered by Medicare. The experts agreed with the goals of this legislation and reiterated the importance of providing telehealth permanency to continue treating those who would otherwise struggle to get the care they need.”
    “Telehealth helps people access quality health care when and where they need it, and our resolution highlights the broad, bipartisan support for raising awareness of and expanding access to telehealth,” said Senator Schatz, co-chair of the Senate Telehealth Working Group.
    “Telehealth is a cost-effective way for people in rural and underserved areas to access health care. Increasing the services available to patients remains one of my top priorities,” Senator Wicker said.
    The resolution affirms the bipartisan support in Congress for telehealth and encourages expanded access to telehealth services for all people, including members of rural and underserved communities. It notes that 25 percent of Medicare beneficiaries used telehealth services at least once in 2023, and that nearly 90 percent were satisfied with their experience. It concludes that “Telehealth Awareness Week” unites the efforts of patients, caregivers, health care providers, policymakers, and other stakeholders to advance the role of telehealth in health care.
    The resolution is cosponsored by U.S. Senators John Thune (R-S.D.), Mark Warner (D-Va.), and Cindy Hyde-Smith (R-Miss.).
    Schatz has led efforts to expand access to telehealth, including reintroducing the CONNECT for Health Act, the most comprehensive bipartisan telehealth legislation in Congress. Since its first iteration in 2016, several provisions from the bill have been signed into law.
    The full text of the resolution is available here.

    MIL OSI USA News –

  • MIL-OSI: Albion KAY VCT PLC: Half-year Financial Report

    Source: GlobeNewswire (MIL-OSI)

    Albion KAY VCT PLC
    LEI Number : 213800DK8H27QY3J5R45
    24 September 2024

    Albion KAY VCT PLC (the “Company”)

    Half-yearly Financial Report for the six months to 30 June 2024

    Results announcement
    The Company’s Directors are pleased to attach the Company’s Half-yearly Financial Report for the six months to 30 June 2024.  The highlights include:

    • Total return of 1.94 pence per share (9.5% on opening Net asset value) (30 June 2023: 0.81 pence per share)
    • Net asset value of 21.78 pence per share (31 December 2023: 20.37 pence per share)
    • £122.6 million fund size (31 December 2023: £105.5 million)
    • Dividend paid of 0.51 pence per share in the period (30 June 2023: 0.52 pence per share)
    • Sale of Egress after the period end, returning over 7 times cost.

    The Board declared a second dividend of 0.54 pence per share for the year ending 31 December 2024, which will be paid on 25 October 2024 to shareholders on the register on 4 October 2024. The Board has also declared a special dividend of 1.00 pence per share, also payable on 25 October 2024 to shareholders on the register on 4 October 2024.

    The Half-yearly Financial Report for the six months to 30 June 2024 is attached to this announcement. Alternatively, copies are available on the Company’s webpage on the Manager’s website at:

    www.albion.capital/KAY30Jun2024

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

    www.albion.capital/vct-funds/KAY

    or contact:

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

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Microsoft Trustworthy AI: Unlocking human potential starts with trust

    Source: Microsoft

    Headline: Microsoft Trustworthy AI: Unlocking human potential starts with trust

    YouTube Video

    As AI advances, we all have a role to play to unlock AI’s positive impact for organizations and communities around the world. That’s why we’re focused on helping customers use and build AI that is trustworthy, meaning AI that is secure, safe and private.

    At Microsoft, we have commitments to ensure Trustworthy AI and are building industry-leading supporting technology. Our commitments and capabilities go hand in hand to make sure our customers and developers are protected at every layer.

    Building on our commitments, today we are announcing new product capabilities to strengthen the security, safety and privacy of AI systems.

    Security. Security is our top priority at Microsoft, and our expanded Secure Future Initiative (SFI) underscores the company-wide commitments and the responsibility we feel to make our customers more secure. This week we announced our first SFI Progress Report, highlighting updates spanning culture, governance, technology and operations. This delivers on our pledge to prioritize security above all else and is guided by three principles: secure by design, secure by default and secure operations. In addition to our first party offerings, Microsoft Defender and Purview, our AI services come with foundational security controls, such as built-in functions to help prevent prompt injections and copyright violations. Building on those, today we’re announcing two new capabilities:

    • Evaluations in Azure AI Studio to support proactive risk assessments.
    • Microsoft 365 Copilot will provide transparency into web queries to help admins and users better understand how web search enhances the Copilot response. Coming soon.

    Our security capabilities are already being used by customers. Cummins, a 105-year-old company known for its engine manufacturing and development of clean energy technologies, turned to Microsoft Purview to strengthen their data security and governance by automating the classification, tagging and labeling of data. EPAM Systems, a software engineering and business consulting company, deployed Microsoft 365 Copilot for 300 users because of the data protection they get from Microsoft. J.T. Sodano, Senior Director of IT, shared that “we were a lot more confident with Copilot for Microsoft 365, compared to other large language models (LLMs), because we know that the same information and data protection policies that we’ve configured in Microsoft Purview apply to Copilot.”

    Safety. Inclusive of both security and privacy, Microsoft’s broader Responsible AI principles, established in 2018, continue to guide how we build and deploy AI safely across the company. In practice this means properly building, testing and monitoring systems to avoid undesirable behaviors, such as harmful content, bias, misuse and other unintended risks. Over the years, we have made significant investments in building out the necessary governance structure, policies, tools and processes to uphold these principles and build and deploy AI safely. At Microsoft, we are committed to sharing our learnings on this journey of upholding our Responsible AI principles with our customers. We use our own best practices and learnings to provide people and organizations with capabilities and tools to build AI applications that share the same high standards we strive for.

    Today, we are sharing new capabilities to help customers pursue the benefits of AI while mitigating the risks:

    • A Correction capability in Microsoft Azure AI Content Safety’s Groundedness detection feature that helps fix hallucination issues in real time before users see them.
    • Embedded Content Safety, which allows customers to embed Azure AI Content Safety on devices. This is important for on-device scenarios where cloud connectivity might be intermittent or unavailable.
    • New evaluations in Azure AI Studio to help customers assess the quality and relevancy of outputs and how often their AI application outputs protected material.
    • Protected Material Detection for Code is now in preview in Azure AI Content Safety to help detect pre-existing content and code. This feature helps developers explore public source code in GitHub repositories, fostering collaboration and transparency, while enabling more informed coding decisions.

    It’s amazing to see how customers across industries are already using Microsoft solutions to build more secure and trustworthy AI applications. For example, Unity, a platform for 3D games, used Microsoft Azure OpenAI Service to build Muse Chat, an AI assistant that makes game development easier. Muse Chat uses content-filtering models in Azure AI Content Safety to ensure responsible use of the software. Additionally, ASOS, a UK-based fashion retailer with nearly 900 brand partners, used the same built-in content filters in Azure AI Content Safety to support top-quality interactions through an AI app that helps customers find new looks.

    We’re seeing the impact in the education space too. New York City Public Schools partnered with Microsoft to develop a chat system that is safe and appropriate for the education context, which they are now piloting in schools. The South Australia Department for Education similarly brought generative AI into the classroom with EdChat, relying on the same infrastructure to ensure safe use for students and teachers.

    Privacy. Data is at the foundation of AI, and Microsoft’s priority is to help ensure customer data is protected and compliant through our long-standing privacy principles, which include user control, transparency and legal and regulatory protections. To build on this, today we’re announcing:

    • Confidential inferencing in preview in our Azure OpenAI Service Whisper model, so customers can develop generative AI applications that support verifiable end-to-end privacy. Confidential inferencing ensures that sensitive customer data remains secure and private during the inferencing process, which is when a trained AI model makes predictions or decisions based on new data. This is especially important for highly regulated industries, such as health care, financial services, retail, manufacturing and energy.
    • The general availability of Azure Confidential VMs with NVIDIA H100 Tensor Core GPUs, which allow customers to secure data directly on the GPU. This builds on our confidential computing solutions, which ensure customer data stays encrypted and protected in a secure environment so that no one gains access to the information or system without permission.
    • Azure OpenAI Data Zones for the EU and U.S. are coming soon and build on the existing data residency provided by Azure OpenAI Service by making it easier to manage the data processing and storage of generative AI applications. This new functionality offers customers the flexibility of scaling generative AI applications across all Azure regions within a geography, while giving them the control of data processing and storage within the EU or U.S.

    We’ve seen increasing customer interest in confidential computing and excitement for confidential GPUs, including from application security provider F5, which is using Azure Confidential VMs with NVIDIA H100 Tensor Core GPUs to build advanced AI-powered security solutions, while ensuring confidentiality of the data its models are analyzing. And multinational banking corporation Royal Bank of Canada (RBC) has integrated Azure confidential computing into their own platform to analyze encrypted data while preserving customer privacy. With the general availability of Azure Confidential VMs with NVIDIA H100 Tensor Core GPUs, RBC can now use these advanced AI tools to work more efficiently and develop more powerful AI models.

    Achieve more with Trustworthy AI 

    We all need and expect AI we can trust. We’ve seen what’s possible when people are empowered to use AI in a trusted way, from enriching employee experiences and reshaping business processes to reinventing customer engagement and reimagining our everyday lives. With new capabilities that improve security, safety and privacy, we continue to enable customers to use and build trustworthy AI solutions that help every person and organization on the planet achieve more. Ultimately, Trustworthy AI encompasses all that we do at Microsoft and it’s essential to our mission as we work to expand opportunity, earn trust, protect fundamental rights and advance sustainability across everything we do.

    Related:

    Commitments

    Capabilities

    Tags: AI, Azure AI Content Safety, Azure AI Studio, Azure Confidential Computing, Azure OpenAI Service, Copilot, GitHub, Microsoft 365, Microsoft Defender, Microsoft Purview, Microsoft Trust Center, Responsible AI, Secure Future Initiative, Trustworthy AI

    MIL OSI Economics –

  • MIL-OSI: NNIT A/S: Reporting of transactions in NNIT’s shares made by person discharging managerial responsibilities

    Source: GlobeNewswire (MIL-OSI)

    NNIT has pursuant to article 19 of the Market Abuse Regulation received notification of transactions by person with managerial responsibilities in NNIT.

    Reference is made to the attached table showing detailed information about the transactions.

    Contact for further information

    Carsten Ringius
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media relations
    Tina Joanne Hindsbo
    Media Relations Manager
    Tel: +45 3077 9578
    tnjh@nnit.com

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and enterprise sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies, but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and subsidiaries SCALES, Excellis Health Solutions and SL Controls. Together, these companies employ more than 1,700 people in Europe, Asia and USA.

    Read more at www.nnit.com

    Attachments

    The MIL Network –

  • MIL-OSI Banking: OEUK news OEUK: GB Energy must build on Aberdeen’s industrial 24 September 2024

    Source: Offshore Energy UK

    Headline: OEUK news

    OEUK: GB Energy must build on Aberdeen’s industrial

    24 September 2024

    Offshore Energies UK, the leading trade body welcomes the announcement that GB Energy will be located in Aberdeen. The city has been Europe’s energy capital for the last fifty years and with the right energy policies in place to back firms and their workers, it can continue to spearhead the UK’s homegrown energy transition. 

    OEUK says listening to industry’s experts and building partnerships will be key to determining GB Energy’s success. The UK’s transition to cleaner energy is not only the biggest engineering project the UK has seen since the Second World War. It is also the biggest financial undertaking.

    The government’s Office for Budgetary Responsibility (OBR) says net zero will cost the UK £1.4 trillion, and that the lion’s share must come from business.  

    The new government now needs partnerships with industry to put plans into action, unlock investment and kickstart economic growth.  

    While welcoming the announcement, OEUK reinforced its continued concerns over plans by the UK government to increase and extend the Energy Profits Levy.

    OEUK and its members work closely with policymakers of all parties to champion the UK’s energy security and low carbon future.

    David Whitehouse, CEO Offshore Energies UK comments: 

    “Aberdeen is an energy powerhouse and home to brilliant British engineering. It must and should be part of the UK’s energy future. The people of this city are rightly proud of their energy heritage and it’s imperative GB Energy helps to safeguard their jobs and build on their world class expertise to benefit the whole UK.  

    “Where GB Energy is located is important but what really matters is what is does. Success will be built on partnerships with industry unlocking the private sector investment needed to achieve the homegrown energy transition and economic growth we all want. This means listening to expert people across our sector, backing our supply chains and safeguarding the jobs of thousands of skilled workers across the UK.  

    “But I remain concerned the new government’s tax changes will have profound consequences for this sector and its people. The new government committed to safeguarding jobs in its manifesto and must listen to those working in the sector. Today’s announcement is welcomed, but it will do little to alleviate the very real concerns of the impact the government’s tax proposals will have on thousands of jobs and billions of pounds in future economic value.

    “I am asking the government to choose a homegrown energy transition that makes the most of our people and businesses. The alternative is importing ever more energy, skills and infrastructure and subtracting value from our economy.” 

    Ends.

    OEUK is campaigning for a homegrown energy transition that makes the most of the UK’s people and industrial strengths to be a secure, sustainable and skilled future. Download a copy of OEUK’s industry manifesto here.

    Share this article

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Chancellor urged to deliver Budget of ‘investment and opportunity’

    Source: Scottish Government

    Pledge to work with UK Government to create ‘the change people need’.

    The UK Autumn Budget should focus on “investment and opportunity”, with more funding for public services, infrastructure and measures to eradicate child poverty, Finance Secretary Shona Robison has said.

    The Finance Secretary pledged to work with the UK Government and devolved administrations to ensure the Autumn Budget on October 30 “works for all four nations and delivers the change that people need”.

    She called for the Chancellor to:

    • change the rules around borrowing to allow for greater investment in public infrastructure and services
    • reverse the forecast cut to capital funding, enabling the Scottish Government to invest more in hospitals, schools and transport
    • abolish the two child limit
    • deliver an Essentials Guarantee providing basic necessities for those who need them most
    • take greater steps towards delivering net zero, including by reforming motoring taxation
    • ensure any changes to tax take account of Scotland’s distinct and devolved tax system

    Ms Robison said:

    “When I met with the Chancellor last month, we were in full agreement that we must put people first in all that we do. This principle must be at the heart of the decisions at the Autumn Budget.

    “I want to work with the Chancellor, and the governments in Wales and Northern Ireland, to ensure that we have a Budget that works for all four nations and delivers the change that people need.

    “It does not need to be another Budget of challenge and constraint. Instead it can be a Budget about investment and opportunity.

    “We’re calling for measures to tackle child poverty and grow our economy. We’d like to see new rules around borrowing that support investment in public services. We want the UK Government to work hand in hand with the devolved administrations to provide the funding to deliver on our priorities.

    “These are the choices I encourage the Chancellor to make.”

    Background

    UK Autumn Budget: Letter to UK Government – gov.scot (www.gov.scot)

    The Finance Secretary also confirmed that the Scottish Budget, outlining the Scottish Government’s proposed tax and spending plans for 2025-26, will be delivered on 4 December.

    The two child limit restricts universal credit and child tax credits to the first two children in most households, if born after April 2017.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Governor Lamont Welcomes Numisma Bank to Connecticut as Fintech Company Opens World Headquarters in Greenwich

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont and Connecticut Banking Commissioner Jorge Perez today are welcoming Numisma Bank, a fintech global currency distributor, to Connecticut as the company is celebrating the grand opening of its world headquarters in Greenwich.

    Numisma Bank received its innovation bank charter from the Connecticut Department of Banking earlier this year. The charter provides customized regulatory solutions to financial technology companies looking to grow in a competitive marketplace. It is ideal for companies with diverse business models that are engaged in a variety of financial activities and seek to integrate a banking function but whose business plan does not include taking retail deposits from individuals. The charter provides a responsible, streamlined, and flexible regulatory approach allowing companies to operate across the U.S. It also provides a beneficial exemption to money services laws in many other states, reducing regulatory burden.

    Numisma Bank is the first Connecticut state-chartered innovation bank to receive a Fed master account, which grants them access to the Federal Reserve System.

    “Fintech innovators realize that Connecticut offers a competitive landscape for their companies to grow and thrive in our state,” Governor Lamont said. “I am excited to welcome Numisma Bank to Connecticut’s business community. This launch represents another step forward for Connecticut as a leader in financial services, showcasing the state’s ability to foster a supportive business environment that attracts cutting-edge companies like Numisma Bank.”

    “I would like to welcome our newest Connecticut state-chartered bank,” Commissioner Perez said. “Connecticut’s innovations bank charter provides the necessary regulatory framework and guardrails while allowing the flexibility for companies to innovate in the fintech space. We wish Numisma success in its new home.”

    “I’d like to thank Governor Lamont and Banking Commissioner Jorge Perez for their support,” Vivek Tyagi, CEO and co-founder of Numisma Bank, said. “The decision to charter the bank in Connecticut was influenced by the state’s business-friendly climate and access to a deep talent pool. The Connecticut Department of Banking has been a key partner in supporting Numisma Bank’s vision. We share its commitment to providing essential services in the global banking industry and are happy the department remains dedicated to offering comprehensive regulatory oversight while fostering an environment where innovative financial services can thrive.”

    “The Connecticut Innovation Bank Charter and our direct access to the Federal Reserve System reflect the trust placed in Connecticut’s regulatory system and authority and in us,” Matthew Hurlock, chief administrative officer and co-founder of Numisma Bank, said. “We are committed to upholding that trust through rigorous compliance and operational excellence.”

    “Numisma Bank’s choice to establish its global operations in Connecticut is further proof of our state’s exceptional value proposition for financial technology innovators,” Daniel O’Keefe, commissioner of the Connecticut Department of Economic and Community Development, said. “We possess a winning combination of skilled workforce, a supportive business environment, and an innovative culture that attracts market disruptors, leading to new job opportunities and economic growth.”

    “I am happy to welcome Numisma Bank as part of Greenwich’s thriving business community,” First Selectman Fred Camillo said. “Greenwich, along with the rest of southwestern Connecticut, is fast becoming a hub for financial innovation and we look forward to having Numisma as a partner in our community. We stand ready to assist companies looking to make Greenwich their home.”

    Numisma Bank focuses exclusively on the distribution of U.S. dollar and foreign currency banknotes, a critical service that ensures the flow of physical currency for central banks and international financial institutions. In recent years, many traditional U.S. banks have exited this complex, low-margin business due to increased regulatory demands as well as an overall decline in cash usage. Numisma is positioned to fill this gap by providing essential services to both the Federal Reserve and global monetary systems, ensuring resilience in these key markets. Numisma Bank is the only U.S. bank dedicated exclusively to this niche service.

    The company’s cutting-edge, fully cloud-based financial infrastructure is designed to support the purchase and sale of physical banknotes on an international scale. With no retail customers or involvement in loans or investments, Numisma Bank focuses solely on delivering efficient and secure transactions for central banks and financial institutions globally.

    Numisma Bank’s leadership team includes former senior executives from top global financial institutions such as Goldman Sachs, Morgan Stanley, and White & Case.

     

    MIL OSI USA News –

  • MIL-OSI USA: MEMORANDUM: EXECUTIVE ORDER NUMBER 24-209 (Emergency Management – Amending Execuive Order 24-208 – Potential Tropical Cyclone Nine)

    Source: US State of Florida

    TO:                Members of the Press

    FROM:          Bryan Griffin, Director of Communications, Governor Ron DeSantis

    DATE:           Tuesday, September 24, 2024

    RE:                Executive Order Number 24-209 (Emergency Management –

    Amending Executive Order 24-208 – Potential Tropical Cyclone Nine)

    Today, Governor Ron DeSantis issued Executive Order (EO) 24-209, Emergency Management – Amending Executive Order 24-208– Potential Tropical Cyclone Nine, increasing the number of counties in the state of Florida under a state of emergency to 61 ahead of the storm.

    To read the full amended executive order, click here or read below:

    STATE OF FLORIDA
    OFFICE OF THE GOVERNOR
    EXECUTIVE ORDER NUMBER 24-208
    (Emergency Management – Potential Tropical Cyclone Nine)

         WHEREAS, on September 23, 2024, I issued Executive Order 24-208, declaring a state of emergency for forty-one counties across the State of Florida due to the dangers presented by Potential Tropical Cyclone Nine; and

         WHEREAS, on September 24, 2024, Potential Tropical Cyclone Nine is located 120 miles west-southwest of Grand Cayman, or 395 miles south-southwest of Key West, Florida, and is moving northwest at 8 mph; and

          WHEREAS, based on atmospheric and oceanic conditions, highly conducive environmental conditions are forecast to develop Potential Tropical Cyclone Nine into a tropical storm this afternoon over the northwestern Caribbean Sea, and become a hurricane over the eastern Gulf of Mexico on Wednesday; and

         WHEREAS, computer forecast models indicate a likely possibility of significant to rapid intensification of this system, forming a major hurricane before it approaches the northeastern Gulf Coast on Thursday; and

         WHEREAS, the forecast indicates that this system will become large and powerful before landfall, and there is a significant threat of life-threatening storm surge and damaging wind gusts for the Florida Gulf Coast; and

         WHEREAS, due to the system’s size, the accompanying storm surge, wind, and rainfall impacts will extend well away from its center, and the faster forward approach of this system will likely result in farther inland penetration of strong winds even after landfall; and

    WHEREAS,     there are Tropical Storm Watches in effect for eighteen Florida counties, Hurricane Watches in effect for eighteen Florida counties, and Storm Surge Watches extending from the Southwest Florida Coast to the central Florida Panhandle; and

           WHEREAS, the water tables and riverine levels across much of north and west-central Florida remain in above normal stage due to recent Hurricane Debby and additional heavy rainfall could cause significant riverine flooding that may prolong impacts for an extended period of time; and

         WHEREAS, these impacts could damage the operational capability of critical infrastructure including major interstates, roadways, bridges, airports, schools, hospitals, and power grids; and

         WHEREAS, an amendment to Executive Order 24-208 is necessary because recovery efforts and those affected by this disaster require the continued support of the State of Florida; and

    WHEREAS, as Governor of Florida, I am responsible to meet the dangers presented to the State of Florida and its people by this emergency.

    NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section l(a) of the Florida Constitution and by the Florida Emergency Management Act, as amended, and all other applicable laws, promulgate the following Executive Order, to take immediate effect:

    Section 1.        Section I of Executive Order 24-208 is amended to read as follows:
    Because of the foregoing conditions, which are projected to constitute a major disaster, I declare that a state of emergency exists in Alachua, Baker, Bay, Bradford, Brevard, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Monroe, Nassau, Okaloosa, Okeechobee, Orange, Osceola, Pasco, Pinellas, Polk, Putnam, Santa Rosa, Sarasota, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, Walton, and Washington counties.

    Section 2.        Except as amended herein, Executive Order 24-208 is ratified and reaffirmed.

    Section 3.       This Executive Order is effective immediately and shall expire upon the expiration of Executive Order 24-208.

    ###

    MIL OSI USA News –

  • MIL-OSI: Shipsi Acquired by Rainmakers in Bid to Redefine Shipping Speeds and Disrupt Traditional E-Commerce Logistics

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 24, 2024 (GLOBE NEWSWIRE) — Rainmakers today announced it had acquired the on-demand delivery and logistics technology, Shipsi, from Auctane. Shipsi is the technology leveling the “instant shipping” playing field in retail. Shipsi believes this acquisition will usher in a new era of AI-driven, ultra-fast delivery solutions for retailers of all sizes and looks forward to continuing to enhance its ability to transform retail logistics through ongoing innovation and support from trusted partners, ensuring a seamless and improved experience for both retailers and consumers.

    Shipsi’s technology gives retailers the power to offer same-day shipping by mobilizing last-mile networks to deliver goods. To date, Shipsi has given thousands of retailers the power to deliver in under two hours—prior to Shipsi, this has been a massive advantage for only a few select retail giants. Shipsi’s technology seamlessly integrates with a retailer’s existing website and supply chain, often without requiring a single change to the existing process. Brands, retailers and platforms such as Shopify and CommerceCloud, are already leveraging Shipsi’s technology to provide an efficient and hassle-free delivery experience for consumers.

    Rye Akervik, the CEO of Shipsi, shared his views about the acquisition: “Final mile instant delivery is one of the most interesting and largely untapped areas in e-commerce and retail today. We’ve seen our partner retailers boost their sales by an average of 18% – a clear indicator that consumers are hungry for the kind of instant gratification that, until now, only a few retailers could provide. With Rainmakers’ AI expertise, we’re not just leveling the playing field; we’re changing the game entirely.”

    Rainmakers, known for their groundbreaking work in AI, plan to supercharge Shipsi’s already impressive capabilities. By combining advanced artificial intelligence with innovative dark warehousing strategies, the new management team aims to dramatically expand Shipsi’s geographic reach and further reduce delivery times, even in areas outside major metropolitan centers.

    The implications of this acquisition extend far beyond faster deliveries. As part of the deal, Shipsi will remain integrated with Auctane products and services, a global logistics giant that processes $200 billion worth of transactions across 3 billion shipments annually. This continued relationship ensures that Shipsi will have the scale and resources to rapidly deploy its enhanced AI-driven delivery solutions.

    The acquisition also comes at a crucial time for the retail industry, which has seen an unprecedented shift towards online shopping in recent years. With consumers increasingly expecting faster delivery times, the Shipsi acquisition could provide a vital lifeline for retailers struggling to meet these evolving demands. “The stats speak for themselves,” Rye Akervik shares, “Consumers want things now, 88% of people are willing to pay more for same-day delivery1, and over 25% of shopping cart abandonment is because shipping is ‘too slow.2” Retailers of any size can either take action, meet today’s consumer demands and thrive or continue to face mounting pressures from increased consumer demand on faster shipping speeds.”

    For more information about Shipsi’s services visit www.shipsi.com

    About Shipsi
    Founded in 2016 with the mission to democratize ultra-fast delivery, Shipsi Inc. has quickly become the go-to solution for retailers looking to offer instant, same-day, and next day delivery speeds without the need for complex integrations or massive infrastructure investments. It was acquired by Stamps.com in 2020

    About Rainmakers
    The Rainmakers is at the forefront of AI development, creating intelligent solutions that transform industries. With a focus on practical applications of cutting-edge AI technology, The Rainmakers has a track record of turning advanced concepts into business realities. Rainmakers has grown and exited over 30 companies in its 20 years in business.

    Media and Investment Contacts:

    For further information, please contact:
    Simon Pearce
    inquiries@shipsi.com

    For investment information, please contact:
    Rye Akervik
    rye.akervik@shipsi.com

    1Lopienski, K. (2024, September 9). Best Same-Day Shipping & Delivery Options [Fastest Shipping]. ShipBob. https://www.shipbob.com/blog/same-day-shipping-delivery/
    249 Cart Abandonment Rate Statistics 2024 – Cart & Checkout – Baymard Institute. (n.d.). Baymard Institute. https://baymard.com/lists/cart-abandonment-rate

    The MIL Network –

  • MIL-OSI: Polaris Financial Investments partners with various placement agents

    Source: GlobeNewswire (MIL-OSI)

    LUXEMBOURG, Sept. 24, 2024 (GLOBE NEWSWIRE) — Switzerland-based securitisation firm, Polaris Financial Investment, has signed a groundbreaking distribution partnership with four of the world’s top placement agents. The partnership is a significant step toward introducing its products to the European market and diversifying its investor base. 

    The businesses hold a stellar track record, proving to be the prime partnership for Polaris to build a base of trust in its securitisation strategies and to expand it to the overall market. 

    “These partnerships are a valuable complement to Polaris’s existing placement capabilities,” says Director at Polaris, Marc Pepin, when asked about the significance of such partnerships. “They are the most pivotal partnerships Polaris has had so far.” 

    The businesses involved include:

    • Cohen Brothers: An established, international placement agent firm working for global, regional, and national fund managers. 
    • Daelman Consulting: Third-party marketing consultancy, known for creating great business partnerships. 
    • Active Fund Placement: Leading third-party marketer in Europe, offering significant market access and a transparent, professional sales approach. 
    • Equito: Specialist brokerage firm helping companies access new streams of funding and manage their business finances. 

    All have established their presence in the European financial market, placing billions of dollars in assets and funds, and are continuing to challenge the meaning of investment in the entire world.   

    About Company/Person: 

    Polaris locates and delivers outstanding private credit opportunities in companies with solid fundamentals that can benefit from their partnership approach and from managers with a proven, principled investment process.  

    Cohen Brothers https://www.cohenbrothers.eu/

    Daelman Consulting https://www.daelmanconsulting.com/

    Active Fund Placement https://fundplacement.de/

    Equito https://equito.co/

    The MIL Network –

  • MIL-OSI: Global Carbon Dioxide Removal Market Size Expected to Reach $2.54 Billion By 2033 as Climate Change Concerns Grow

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The carbon dioxide removal market has grown rapidly with the developments in the chemical domain. This industry mainly deals with providing solutions for removing C02 from the environment using natural and artificial methods. The C02 removal strategy is mostly integrated into many climate policies, as CO2 is an important element of climate change. CDR includes several methods that are mainly used on land or in aquatic systems. Land-based methods consist of afforestation, reforestation, and other agricultural practices. The water-based methods include ocean alkalinity enhancement, ocean fertilization, wetland restoration, and some blue carbon approaches. There are several products that are used in the CDR process that mainly include Biochar, Direct Air Capture (DAC), Enhanced/Carbon Mineralization, Ocean Alkalinization, BECCS, Microalgae, and some others. The CDR mainly finds applications in the technology and finance sectors. This industry is expected to grow exponentially with the growth in chemical industries. A report from Precedence Research said: “The global carbon dioxide removal market size was USD 638.73 million in 2023, calculated at USD $733.52 million in 2024 and is expected to reach around USD $2,548.29 million by 2033. The market is expanding at a solid CAGR of 14.84% over the forecast period 2024 to 2033. The rising awareness of reducing CO2 emissions across the world is driving the growth of the carbon dioxide removal market.” Active companies in the markets this week include: BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF), Occidental Petroleum Corporation (NYSE: OXY), Arq, Inc. (NASDAQ: ARQ), Gevo, Inc. (NASDAQ: GEVO), Bloom Energy Corporation (NYSE: BE).

    The Precedence Research report continued saying: “The growing developments in the chemical industry are expected to drive the growth of the carbon dioxide removal market. The rising government initiatives for lowering CO2 emissions have driven the market growth. The increasing demand for clean air across the world fosters market growth. The growing investments from public and private sector entities for developing the carbon dioxide removal industry propels the market growth. The rising awareness of a clean environment among the people boosts the market growth to some extent. Increasing adoption of reforestation across the world is expected to boost market growth. The rise in the number of DAC plants in several countries across the world boosts market growth. The ongoing research and development activities related to CDR methodologies have impacted the carbon dioxide removal market growth positively.”

    BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) Secures US$105 Million Biochar Sales Agreement – Ten-year contract for agricultural grade soil amendments in Southern USA – BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector is very pleased to announce that it has entered into a sales agreement (“Sales Agreement”) with a U.S. based purchaser (“Purchaser”) pursuant to which the Company has agreed to supply, and the Purchaser has agreed to purchase, up to 382,213 tonnes of biochar over a period of 10 years substantially on the schedule and pricing terms as set forth in the press release issued today.

    The Agreement sets forth a delivery schedule (see tables 1 to 3 shown in the current press release today) designed to achieve an initial volume of approximately 22,200 short tons within the first year of operation, scaling up to approximately 40,000 tons per year for the remainder of the of the Agreement. Biochar will be supplied on as-is basis. The moisture content will be verified with a Certificate of Analysis (CoA) at delivery. Based upon a negotiated rate of two hundred and seventy-five dollars (US$275) per ton, the sales value under the Agreement is approximately US$105 million.

    Biochar is black carbon produced from biomass sources (i.e., wood chips, plant residues, manure or other agricultural waste products) for the purpose of transforming the biomass carbon into a more stable form (carbon sequestration). It can persist for long periods of time in the soil at various depths, typically thousands of years. Biochar is produced by heating biomass or waste materials containing carbon through pyrolysis. Pyrolysis involves thermal and chemical decomposition of biomass in limited or zero supply of oxygen, typically at temperatures ranging from 300°C to 1000°C. Biochar can be used as a soil amendment to improve soil physical and chemical properties, enhance water retention, and sequester carbon. It also contributes to climate change mitigation by stabilizing carbon in soils for thousands of years, preventing it from being released as carbon dioxide into the atmosphere. Biochar has shown promise in increasing crop yields, improving soil fertility, and reducing environmental pollution through its ability to retain nutrients and minimize greenhouse gas emissions.

    The Company notes that its ability to meet scheduled delivery of biochar beyond year 1 is conditional upon its commissioning and receiving an additional two (2) Vulcan Heavy biomass pyrolysis systems (Vulcan Heavy). The Company anticipates that each Vulcan Heavy will cost approximately US$3 million and take up to nine months to be manufactured and delivered to the job site. BluSky’s ability to commission any Vulcan Heavy will be contingent on its ability to secure financing on acceptable terms, and no assurance can be given this will occur. At present, the Company believes that it will have the ability to produce 15,000 tons annually (with a sales value of approximately US$4 million under the Agreement) once it completes the build out of its “Kiloplex” facility, including testing and optimization of its Vulcan Heavy system. CONTINUED… Read this full press release and more news for BluSky Carbon at: https://bluskycarbon.com/news/

    Other recent developments in the markets of note include:

    1PointFive, a wholly owned subsidiary of Occidental Petroleum Corporation (NYSE: OXY), announced recently that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation of Occidental and 1PointFive’s ability to use their decades-long expertise in carbon management to accelerate the vital climate technology.

    The funding will be provided in multiple tranches. The initial award of $50 million will advance 1PointFive’s ongoing work at the South Texas DAC Hub. Upcoming activities include engineering, permitting, the procurement of long-lead equipment and continued community engagement to further 1PointFive’s community benefits plan. The total award value for the South Texas DAC Hub is expected to be up to $500 million for the initial DAC facility at the site, and potentially increased up to $650 million for the development of an expanded regional carbon network in South Texas.

    Arq, Inc. (NASDAQ: ARQ), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, recently announced the pricing of an underwritten public offering of 4,770,000 shares of its common stock, par value $0.001 per share (“common stock”), at a price to the public of $5.25 per share. All of the shares in the offering are being sold by Arq. The gross proceeds to Arq from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $25 million. The offering is expected to close on or about September 23, 2024, subject to customary closing conditions. In addition, Arq has granted the underwriters a 30-day option to purchase up to an additional 715,500 shares of its common stock in the underwritten public offering.

    Arq intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, including continued construction of granular activated carbon facilities at Arq’s Red River and Corbin manufacturing facilities located in Coushatta, Louisiana and Corbin, Kentucky, respectively, research and development expenditures, commercial expenditures, debt service costs and repayment, acquisitions of new technologies, products or businesses, and investments.

    Gevo, Inc. (NASDAQ: GEVO) recently announced the sale of approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act (“IRA”) Investment Tax Credits generated from the commercialization of a renewable natural gas (“RNG”) production facility by Gevo NW Iowa RNG, LLC (“Gevo RNG”) and provides net cash proceeds of approximately $17 million to Gevo after transaction fees.

    The Gevo RNG asset has been optimized to produce approximately 400,000 MMBtus of RNG per year, and Gevo expects to further increase production over time. Additional RNG value could be unlocked through the monetization of Section 45Z Clean Fuel Production Credits under the IRA, once those rules are defined.

    Bloom Energy Corporation (NYSE: BE) recently in response to market commentary regarding the results of the recent Korea Hydrogen Portfolio Standard auction, Bloom said it expects shipment volumes to Korea to be similar in 2024 and the coming years to what they have been in recent years. As disclosed previously, we continue to expect our partner SK ecoplant Co., Ltd. to purchase 500MW of Bloom solid oxide fuel cells between January 1, 2024 and December 31, 2027.

    Bloom is the proven leader in solid oxide fuel cell technology, having demonstrated 60% electrical efficiency using hydrogen, and 90% combined heat and power efficiency. Bloom remains fully confident in our partners in Korea, and in the ability for Bloom fuel cells to be transformative to the Korean energy market. The public auction is just one mechanism for the sale of our energy servers into the Korean market. Our partners have other development projects in addition to those emanating from the auction.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated twenty three hundred dollars for news coverage of the current press releases issued by BluSky Carbon Inc. by the company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757 

    SOURCE: FN Media Group, LLC.

    The MIL Network –

  • MIL-OSI USA: Capito, Colleagues Introduce Substantive Legislation to Compete with China

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    WASHINGTON, D.C. – Last week, U.S. Senator Shelley Moore Capito (R-W.Va.) joined a group of nine Senate Republican colleagues—led by U.S. Senator Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee— to introduce the STRATEGIC Act 2024, legislation to set up the United States and its allies and partners for success in the strategic competition against China.
    “We know that China is intent on challenging the U.S. in everything from military strength to economic power, trade relations, and global influence. Competing with the CCP’s influence operations and standing up to their coercive tactics should be a priority across the federal government. The STRATEGIC Act charts a course for a comprehensive approach to competition with China and shows that Senate Republicans are ready to confront China’s malign actions from a position of strength,” Senator Capito said.
    The STRATEGIC Act:
    Addresses predatory Chinese economic practices through a new initiative to counter economic coercion, prohibition of World Bank contracts for Chinese companies, and anti-trust reform. It also expands the Committee on Foreign Investments in the United States to cover agricultural investments with national security risks.
    Counters malign Chinese Communist Party influence by enhancing think tank transparency, prohibiting certain gifts and contracts with strings attached to U.S. universities, improving research security, and exposing China’s harassment and abuse of U.S. diplomats.
    Strengthens U.S. support for Taiwan and partner countries facing threats from China, and establishes a U.S. State/Treasury Department “Tiger Team” to start identifying targets for sanctions, export controls, other economic measures well before China takes military action.
    Increases oversight of U.S. government funding for biological research with China.
    Strengthens international security by countering proliferation of Chinese drones in the Middle East and modifying the Missile Technology Control Regime to increase cooperation with key allies like the United Kingdom and Australia.
    Protects U.S. interests in international organizations and support for human rights.
    Reforms the Foreign Agents Registration Act by removing commercial and Lobbying and Disclosure Act exemptions for foreign adversaries and giving the Department of Justice authorities to issue civil investigative demands.
    Authorizes strategic infrastructure initiatives focused on digital, transport, and energy sectors, strengthens supply chain security, and lowers trade barriers in partner countries.
    In addition to Senators Capito and Risch, this bill was also introduced by U.S. Senators Pete Ricketts (R-Neb.), Todd Young (R-Ind.), John Barrasso (R-Wyo.), Mike Crapo (R-Idaho), Bill Cassidy (R-La.), Dan Sullivan (R-Alaska), Mitt Romney (R-Utah), John Cornyn (R-Texas), and Chuck Grassley (R-Iowa).
    A one-pager of the bill can be found here.
    Full text of the bill can be found here.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: ISG group of companies in administration: information for employees and creditors

    Source: United Kingdom – Executive Government & Departments

    Eight companies in the ISG group entered administration on 20 September 2024. This page gives information on how to claim redundancy or register as a creditor.

    Eight companies in the ISG group (the ISG Companies) entered administration on 20 September 2024. Timothy Vance, Alan Michael Hudson and Dan Edkins were appointed as joint administrators of the following companies:

    • ISG Central Services Limited 
    • ISG Interior Services Group UK Limited 
    • ISG Fit Out Limited 
    • ISG Engineering Services Limited 
    • ISG UK Retail Limited 
    • ISG Retail Limited 
    • ISG Construction Limited 
    • ISG Jackson Limited 

    This will be a worrying time for employees, as well as their customers and suppliers. Government will do all it can to support them. 

    If you are an employee, customer or supplier of the ISG Companies in administration, this page will provide you with advice and information. 

    Information for employees: 

    In the event of dismissal 

    If you are dismissed, you might be entitled to statutory redundancy pay, arrears of pay, compensatory notice pay and holiday pay  from the Insolvency Service. 

    Information about your rights, how to apply and how we calculate payments is available on GOV.UK. 

    Who is eligible 

    You can apply to the Insolvency Service for redundancy and other payments if you worked for one of the ISG Companies under an employment contract. 

    Workers and self-employed contractors who provided services to the ISG Companies are not eligible to apply. Instead, these individuals should contact the administrator to register as creditors. 

    Company directors 

    Check if you can apply for redundancy payments if you have been dismissed and were a director. 

    How to apply 

    Dismissed employees should contact: 

    isgemployees@uk.ey.com. 

    The administrators will give details about how to apply and will also give you a case reference number (example: CN12345678). Once you have this information, you can apply online. 

    Paying your claim 

    On average it takes 12 days to process and pay claims. However, sometimes we need to get additional information from the individual or from the administrator, which can take a bit of time. We’ll contact you directly if we need anything further from you. We always try to pay eligible claims within six weeks of receiving the application. 

    To allow us to deal with everyone’s application as quickly as possible, please do not contact us to check the status of your application until after the six weeks have passed. 

    Getting help with your application for redundancy payments 

    If you need help completing your application, you can contact the Redundancy Payments helpline on 0330 331 0020. 

    When calling, please have your case reference number (Example: CN12345678) and National Insurance number to hand. If you do not have a case reference number, please contact the administrator. 

    You can also contact us using our online contact form 

    If you need to email us after submitting your claim, only use the email address you gave on your application form. Otherwise, we won’t be able to respond to you for security reasons. 

    Other support available to you 

    Information about helping you find work and claim benefits.   

    Factsheet: finding a new job, managing your finances and benefits available to you (PDF, 487 KB, 2 pages) 

    Information for creditors, suppliers and contractors 

    If you were a supplier or contractor to one of the ISG Companies in administration and are owed money you should register as a creditor. You are a creditor if: 

    • you have not been paid for goods or services you’ve supplied to them 

    • you’ve paid the ISG Companies for goods or services that you have not received 

    The administrators will be contacting all known creditors in due course. If you are a creditor and you have not been contacted by 7 October 2024, you should contact: isgcreditors@uk.ey.com. 

    Further information can be found at: 

    ISG Administrations (in Administration) (“the Company”) – EY – UK. 

    Information for customers 

    If you were a customer of one of the ISG Companies in administration you can find further information at: 

    ISG Administrations (in Administration) (“the Company”) – EY – UK. 

    You can contact the administrators by emailing: 

    isgadministrations@uk.ey.com

    Updates to this page

    Published 24 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI Russia: The Rectorate of the State University of Management visited Rostov-on-Don on a working visit

    MIL OSI Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    On September 24, 2024, a working meeting of the rector’s office of the State University of Management and the management of the Don State Technical University was held in Rostov-on-Don, at which the main areas of cooperation between the universities were approved.

    The meeting was attended by Rector Vladimir Stroyev and Vice-Rectors Maria Karelina, Vitaly Lapshenkov and Pavel Pavlovsky from the GUU side. DSTU was represented by Vice-Rector for Research and Innovation Inessa Efremenko, Vice-Rector for General Affairs Dmitry Dzhedirov and Vice-Rector for Youth Policy Andrey Guskov.

    The colleagues discussed issues of interaction within the framework of the previously signed cooperation agreement. Representatives of DSTU expressed interest in the developments of the State University of Management in the field of artificial intelligence and unmanned aerial vehicles. The State University of Management, in turn, proposed interaction within the framework of the project of the student Design Bureau, organized on the initiative of TMH.

    “Not a single university in our time can concentrate in itself the full range of knowledge and technologies in demand on the market. Only network educational programs and broad interaction with partners, including from the public sector and business, are capable of solving the problems facing modern universities,” Vladimir Stroyev noted.

    “We will cooperate with our Moscow colleagues in such areas as the creation of unmanned aerial vehicles for the agro-industrial complex and the digitalization of design documentation as part of fulfilling orders from business representatives,” said Inessa Efremenko.

    In addition, the parties clarified the areas of joint work within the framework of the project “Service Learning”, as well as issues of education, retraining and employment of SVO veterans.

    The delegation from the State University of Management was given a tour of the laboratories, experimental and museum spaces of DSTU.

    In the afternoon, the rector’s office of the State University of Management met with the director of the Rostov Regional Agency for Entrepreneurship Support – the operator of the “My Business” centers of the Rostov Region, Yana Kurinova, to discuss a joint network program for training in the framework of creative economies, as well as employment opportunities for veterans of the SVO.

    Subscribe to the TG channel “Our GUU” Date of publication: 09.24.2024

    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.

    The Rectorate of the State University of Management visited Rostov-on-Don on a working visit

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI USA: Huizenga Recognized as Guardian of Small Business by NFIB

    Source: United States House of Representatives – Congressman Bill Huizenga (MI-02)

    Last week, Congressman Bill Huizenga (R-MI) was recognized as a “Guardian of Small Business” by the National Federation of Independent Business (NFIB) for his legislative record of voting in support of small business. As the voice of small business, NFIB is the only business organization whose policy positions are established by NFIB members directly. NFIB’s Guardian of Small Business Award is reserved for lawmakers who vote consistently with small businesses on key issues identified by small business owners.

    “As a small business owner myself, I understand the challenges job creators face in the current economic environment,” said Congressman Bill Huizenga. “With input costs soaring and economic uncertainty on the rise, I will continue to fight for commonsense legislation that empowers local job creation, lowers energy prices, and makes life more affordable for small businesses across Southwest Michigan. Thank you to the NFIB for recognizing my work to make it easier to start a small business here in Michigan.”

    “The NFIB Guardian of Small Business Award is presented to Members of Congress with a demonstrated record of supporting America’s small and independent business owners,” said NFIB President Brad Close. “This Congress, small businesses faced tough economic headwinds, especially from inflation, burdensome regulations, and threats of tax hikes at all levels of the government. We are proud to recognize the lawmakers from the 118th Congress, including Representative Huizenga, who stood up for Main Street by taking pro-small business votes that would reduce taxes, eliminate burdensome government mandates, lower health insurance costs, and fuel the Main Street economy.”

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: 5th Belt and Road Initiative Tax Administration Cooperation Forum opens today to deepen international tax co-operation in pursuit of high-quality Belt and Road development (with photos)

    Source: Hong Kong Government special administrative region

         The three-day 5th Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF), hosted by the Inland Revenue Department, is being held from today (September 24) at the AsiaWorld-Expo, marking the first time for Hong Kong to host BRITACOF. This year’s BRITACOF, themed “Deepening Tax Administration Cooperation for High-Quality Belt and Road Development”, gathered more than 400 tax officials, tax experts, as well as representatives from international organisations, academic institutions and enterprises from different countries and regions to discuss emerging tax issues and exchange tax administration experiences.
     
         Participants will engage in in-depth discussions on five major topics, including raising tax certainty, promoting tax administration digitalisation, improving tax environment, reinforcing capacity building of tax administration and optimising tax administration measures in the financial sector. BRITACOF also features a business and industry tax dialogue session to build a communication platform for participating tax officials and stakeholders from business and industrial sectors.

         The Chief Executive, Mr John Lee, said in his welcome address, “As the only common law jurisdiction within China, our legal system in the business realm resembles that of most major international financial centres. Our robust legal system is backed by such long-standing institutional strengths as the free flow of information, capital, goods and people, low and simple tax system, and highly open and internationalised market. Together, they ensure our strategic role as a ‘super connector’ and a ‘super value-adder’ between the Mainland and the rest of the world. 

         “Tax administration plays a crucial role in ensuring sustainable development. Efficient tax systems provide the essential resources for the delivery of public services and infrastructure. Hong Kong believes that transparent and fair tax policies could foster trust among investors, governments and taxpayers. As a champion of free and multilateral trade, Hong Kong supports the co-ordinated efforts of the international tax community, actively engaging in initiatives designed to bring economies together.”

         In his keynote speech at the opening ceremony, the Commissioner of the State Taxation Administration (STA), Mr Hu Jinglin, said, “The recovery of world economy is challenging. The pursuit of peace, development, co-operation and mutual benefit is an irreversible trend. Differences in tax systems and collection management among countries have an important impact on the liberalisation and facilitation of cross-border trade and investment. Deepening tax administration co-operation is of great significance in removing barriers to cross-border trade and investment, promoting inclusive growth of the global economy, and facilitating high-quality Belt and Road development. The STA is willing to work with all parties to deepen tax administration co-operation for high-quality Belt and Road development, so as to make new contributions to the construction of a community with a shared future for mankind.”

         Speaking at the welcome dinner, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said that BRITACOF is a crucial and exemplary international platform designed to enhance co-operation among tax administrations along the Belt and Road.

         He said, “The hosting of the 5th BRITACOF in Hong Kong underscores our unique gateway role in fostering partnerships and creating value for economies, businesses and people along the Belt and Road.”

         “Hong Kong has always been committed to upholding international tax standards, including the Base Erosion and Profit Shifting (BEPS) framework set by the Organisation for Economic Co-operation and Development. We are also fully supportive of the international standard of tax information exchange to avoid tax evasion. By endorsing and implementing these standards, Hong Kong ensures that Belt and Road projects involving Hong Kong companies adhere to the highest international benchmarks in terms of tax governance and transparency,” Mr Hui added.

         On the margins of the 5th BRITACOF, the Chief Executive, Mr John Lee, met with the Commissioner of the STA, Mr Hu Jinglin, and witnessed the signing of a memorandum of understanding (MOU) on tax co-operation within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) among the finance and taxation departments of Guangdong Province, Shenzhen, the Hong Kong Special Administrative Region (SAR) and the Macao SAR. The MOU will promote the co-ordination of tax administration and services in the GBA, which facilitates Hong Kong’s active integration into the overall national development. The deepened tax co-operation in the GBA can enhance Hong Kong’s tax competitiveness and create a more favourable business environment.

         In addition, during BRITACOF, Mr Hui held bilateral meetings separately with representatives from Kazakhstan, Maldives, Tajikistan and Türkiye to discuss deepening tax co-operation at the international and Belt and Road levels.

         Mr Hui also signed a comprehensive avoidance of double taxation agreement (CDTA) with the Government of the Republic of Türkiye on behalf of the Hong Kong SAR Government at the 5th BRITACOF today to foster closer economic, trade and investment relations between Hong Kong and Türkiye with a view to jointly contributing to the high-quality Belt and Road development through strengthened bilateral ties. This is the 51st CDTA signed by Hong Kong, marking a significant step forward for Hong Kong in fostering international tax co-operation.

         Established in 2019 under the lead of the STA, the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) is a non-profit official mechanism for the discussion on tax administration co-operation among countries and regions along the Belt and Road. With the vision of promoting cross-border trade and investment and fostering regional economic co-operation, BRITACOM aims at removing tax obstacles and building a growth-friendly tax environment, so as to realise an inclusive and a sustainable development. BRITACOF, the annual signature event of BRITACOM, is hosted by member tax administrations in rotation. This year’s BRITACOF is hosted by Hong Kong and chaired by the Commissioner of Inland Revenue, Mr Tam Tai-pang.

         For details of the 5th BRITACOF, please visit the thematic website (www.ird.gov.hk/BRITACOF/eng/index.html).               

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: NIST Awards $6 Million to Carnegie Mellon University to Establish an AI Cooperative Research Center

    Source: US Government research organizations

    Credit: everything possible/Shutterstock

    GAITHERSBURG, Md. — Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department of Commerce’s National Institute of Standards and Technology (NIST) has awarded $6 million to Carnegie Mellon University (CMU) to establish a joint center to support cooperative research and experimentation for the test and evaluation of modern AI capabilities and tools. The center will be housed on the Carnegie Mellon campus, in Pittsburgh.

    “Artificial intelligence is the defining technology of our generation, and at the Commerce Department we are committed to working with America’s world-class higher education institutions, like Carnegie Mellon University, to advance safe, secure and trustworthy development of AI,” Raimondo said. “I am excited to announce this NIST award of $6 million for Carnegie Mellon to boost research of AI systems and support a new generation of scientists and engineers that will help advance American innovation globally.”

    The CMU/NIST AI Measurement Science & Engineering Cooperative Research Center will seek to advance AI risk management practices and evaluation approaches through stakeholder partnerships and translate assessment capabilities and methodologies into practice. 

    “This new cooperative research center will expand NIST’s knowledge base and fundamental research capacity in AI,” said Under Secretary of Commerce for Standards and Technology and NIST Director Laurie E. Locascio. “Through this partnership, we will strengthen our understanding of foundation models and support new research — and new researchers — in this rapidly evolving field.”

    The center will focus on foundational research and developing AI system-level tooling, metrics, evaluation procedures, development processes, and best practices to help AI builders consistently engineer safe AI systems. Its efforts will align with NIST AI priorities including better methods for measuring validity, reliability, safety, privacy and security; accountability, transparency, fairness and explainability; and generative AI evaluation at any stage of development or deployment.

    The grant to CMU was awarded through NIST’s Measurement Science and Engineering Research Grant Program, which supports collaborative research aligned with NIST’s research objectives. The program seeks to develop a diverse, world-class pool of scientists and engineers to engage in NIST’s measurement science and standards research and to promote understanding of measurement science and standards. 

    The new center’s work will support the NIST AI Innovation Lab (NAIIL), which is a component of NIST’s larger efforts on fundamental AI measurement research and guideline development.

    MIL OSI USA News –

  • MIL-OSI Africa: Secretary-General’s remarks at the Opening of the General Debate of the Seventy-ninth Session of the General Assembly [trilingual, as delivered, scroll down for all-English and all-French]

    Source: United Nations – English

    r. President of the General Assembly,

    Excellencies,

    Ladies and gentlemen,

    Our world is in a whirlwind.

    We are in an era of epic transformation – facing challenges unlike any we have ever seen – challenges that demand global solutions.

    Yet geo-political divisions keep deepening. The planet keeps heating.

    Wars rage with no clue how they will end.

    And nuclear posturing and new weapons cast a dark shadow.

    We are edging towards the unimaginable – a powder keg that risks engulfing the world.

    Meanwhile, 2024 is the year that half of humanity goes to the polls – and all of humanity will be affected.

    I stand before you in this whirlwind convinced of two overriding truths.

    First, the state of our world is unsustainable.

    We can’t go on like this.

    And second, the challenges we face are solvable.

    But that requires us to make sure the mechanisms of international problem-solving actually solve problems.

    The Summit of the Future was a first step, but we have a long way to go.

    Getting there requires confronting three major drivers of unsustainability.

    A world of impunity – where violations and abuses threaten the very foundation of international law and the UN Charter.

    A world of inequality – where injustices and grievances threaten to undermine countries or even push them over the edge.

    And a world of uncertainty – where unmanaged global risks threaten our future in unknowable ways.

    These worlds of impunity, inequality and uncertainty are connected and colliding.

    Excellencies,

    The level of impunity in the world is politically indefensible and morally intolerable.

    Today, a growing number of governments and others feel entitled to a “get out of jail free” card.

    They can trample international law.

    They can violate the United Nations Charter.

    They can turn a blind eye to international human rights conventions or the decisions of international courts.

    They can thumb their nose at international humanitarian law.

    They can invade another country, lay waste to whole societies, or utterly disregard the welfare of their own people.

    And nothing will happen.

    We see this age of impunity everywhere — in the Middle East, in the heart of Europe, in the Horn of Africa, and beyond.

    The war in Ukraine is spreading with no signs of letting up.

    Civilians are paying the price – in rising death tolls and shattered lives and communities.

    It is time for a just peace based on the UN Charter, on international law and on UN resolutions.

    Meanwhile, Gaza is a non-stop nightmare that threatens to take the entire region with it.

    Look no further than Lebanon.

    We should all be alarmed by the escalation. 

    Lebanon is at the brink. 

    The people of Lebanon – the people of Israel – and the people of the world — cannot afford Lebanon to become another Gaza.

    Let’s be clear.

    Nothing can justify the abhorrent acts of terror committed by Hamas on October 7th, or the taking of hostages – both of which I have repeatedly condemned.

    And nothing can justify the collective punishment of the Palestinian people.

    The speed and scale of the killing and destruction in Gaza are unlike anything in my years as Secretary-General.

    More than 200 of our own staff have been killed, many with their families.

    And yet the women and men of the United Nations continue to deliver humanitarian aid.

    I know you join me in paying a special tribute to UNRWA and to all humanitarians in Gaza.

    The international community must mobilize for an immediate ceasefire, the immediate and unconditional release of all hostages, and the beginning of an irreversible process towards a two-State solution.

    For those who go on undermining that goal with more settlements, more landgrabs, more incitement — I ask:

    What is the alternative?

    How could the world accept a one-state future in which a large a large number of Palestinians would be included without any freedom, rights or dignity?

    In Sudan, a brutal power struggle has unleashed horrific violence — including widespread rape and sexual assaults.

    A humanitarian catastrophe is unfolding as famine spreads.  Yet outside powers continue to interfere with no unified approach to finding peace.

    In the Sahel, the dramatic and rapid expansion of the terrorist threat requires a joint approach rooted in solidarity – but regional and international cooperation have broken down.

    From Myanmar to the Democratic Republic of the Congo to Haiti to Yemen and beyond – we continue to see appalling levels of violence and human suffering in the face of a chronic failure to find solutions.

    Meanwhile our peacekeeping missions are too often operating in areas where simply there is no peace to keep.

    Instability in many places around the world is a by-product of instability in power relations and geo-political divides.

    For all its perils, the Cold War had rules.

    There were hot lines, red lines and guard rails.

    It can feel as though we don’t have that today.

    Nor do we have a unipolar world.

    We are moving to a multipolar world, but we are not there yet.

    We are in a purgatory of polarity.

    And in this purgatory, more and more countries are filling the spaces of geopolitical divides, doing whatever they want with no accountability.

    That is why it is more important than ever to reaffirm the Charter, to respect international law, to support and implement decisions of international courts, and to reinforce human rights in the world.

    Anywhere and everywhere.

    Excellences, Mesdames et Messieurs,
     
    L’augmentation des inégalités est un deuxième facteur de l’insoutenabilité et une tache sur notre conscience collective.
     
    L’inégalité n’est pas une question technique ou bureaucratique.
     
    Au fond, l’inégalité est une question de pouvoir, aux racines historiques.
     
    Les conflits, les bouleversements climatiques et la crise du coût de la vie étendent ces racines historiques plus profondément encore.
     
    Dans le même temps, le monde peine encore à se relever de la flambée des inégalités engendrée par la pandémie.
     
    Si l’on regarde les 75 pays les plus pauvres du monde, un tiers d’entre eux se trouve aujourd’hui dans une situation pire qu’il y a cinq ans.
     
    Au cours de la même période, les cinq hommes les plus riches de la planète ont plus que doublé leurs fortunes.
     
    Et un pour cent des habitants de la planète détient 43 % de l’ensemble des avoirs financiers mondiaux.
     
    Au niveau national, certains gouvernements décuplent les inégalités en accordant des cadeaux fiscaux massifs aux entreprises et aux ultra-riches — au détriment des investissements dans la santé, l’éducation et la protection sociale.
     
    Et personne n’est plus lésé que les femmes et les filles du monde entier.
     
    Excellences,
     
    La discrimination et les abus généralisés fondés sur le genre constituent l’inégalité la plus répandue dans toutes les sociétés.
     
    Chaque jour, il semble que nous soyons confrontés à de nouveaux cas révoltants de féminicides, de violences fondées sur le genre et de viols collectifs – en temps de paix comme en tant qu’arme de guerre.
     
    Dans certains pays, les lois sont utilisées pour menacer la santé et les droits reproductifs.
     
    Et en Afghanistan, les lois sont utilisées pour entériner l’oppression systématique des femmes et des filles.
     
    Et je suis désolé de constater que, malgré des années de beaux discours, l’inégalité de genre se manifesteet je vous demande pardon de le dire, elle se manifeste aujourd’hui encore, pleinement dans cette enceinte.
     
    Moins de 10 pour cent des intervenants au Débat général de cette semaine sont des femmes.
     
    C’est inacceptable, surtout quand on sait que l’égalité entre les femmes et les hommes contribue à la paix, au développement durable, à l’action climatique et bien plus encore.
     
    C’est précisément pour cela nous avons pris des mesures spécifiques pour atteindre la parité hommes-femmes parmi les hauts responsables de l’Organisation des Nations Unies,objectif qui est déjà complété.
     
    C’est faisable.
     
    J’exhorte les institutions politiques et économiques du monde dominées par les hommes à le faire aussi.
     
    Excellences,
     
    Les inégalités mondiales se reflètent et se renforcent jusque dans nos propres organisations internationales.
     
    Le Conseil de sécurité des Nations Unies a été conçu par les vainqueurs de la Seconde Guerre mondiale.
     
    À l’époque, la majeure partie du continent africain était encore sous domination coloniale.
     
    À ce jour, l’Afrique n’a toujours aucun siège permanent au sein de la principale instance de paix du monde.
     
    Un changement s’impose.
     
    Il en va de même pour l’architecture financière mondiale, mise en place il y a 80 ans.
     
    Je félicite les dirigeants de la Banque mondiale et du Fonds monétaire international pour les mesures importantes qu’ils ont entreprises.
     
    Mais comme le souligne le Pacte pour l’avenir, la lutte contre les inégalités exige une accélération de la réforme de l’architecture financière internationale.
     
    Au cours des huit dernières décennies, l’économie mondiale s’est développée et transformée.
     
    Les institutions de Bretton Woods n’ont pas suivi le rythme.
     
    Elles ne sont plus en mesure de fournir un filet de sécurité mondial, ni d’offrir aux pays en développement le niveau de soutien dont ils ont tant besoin.
     
    Dans les pays les plus pauvres du monde, le coût des intérêts de la dette dépasse, en moyenne, le coût des investissements dans l’éducation, la santé et les infrastructures publiques réunis.
     
    Et à l’échelle du monde, plus de 80 % des cibles des Objectifs de développement durable ne sont pas en bonne voie.

    Excelencias,

    Volver al camino correcto requiere un aumento de financiamiento para la Agenda 2030 y el Acuerdo de París.

    Esto implica que los países del G20 lideren un Estímulo para los Objetivos de Desarrollo Sostenible de 500.000 millones de dólares al año.

    Implica reformas para aumentar sustancialmente la capacidad de préstamo de los Bancos Multilaterales de Desarrollo – y permitirles ampliar masivamente la financiación asequible a largo plazo para el clima y el desarrollo.

    Implica ampliar la financiación de contingencia mediante el reciclaje de los Derechos Especiales de Giro.

    E implica promover una reestructuración de la deuda a largo plazo.

    Excelencias,

    No me hago ilusiones sobre las barreras a la reforma del sistema multilateral.

    Los que tienen poder político y económico, o y los que creen tenerlo, son siempre reacios al cambio.

    Pero el status quo ya está agotando su poder.

    Sin reformas, la fragmentación es inevitable, y las instituciones globales perderán legitimidad, credibilidad y eficacia.

    Excellencies,

    The third driver of our unsustainable world is uncertainty.

    The ground is shifting under our feet.

    Anxiety levels are off the charts.

    And young people, in particular, are counting on us and seeking solutions.

    Uncertainty is compounded by two existential threats – the climate crisis and the rapid advance of technology — in particular, Artificial Intelligence.

    Excellencies,

    We are in a climate meltdown.

    Extreme temperatures, raging fires, droughts, and epic floods are not natural disasters.

    They are human disasters — increasingly fueled by fossil fuels.

    No country is spared. But the poorest and most vulnerable are hardest hit.

    Climate hazards are blowing a hole through the budgets of many African countries, costing up to five per cent of GDP – every year.

    And this is just the start.

    We are on course to careen past the global limit of a 1.5 degree temperature rise.

    But as the problem gets worse, solutions are getting better.

    Renewable prices are plummeting, roll-out is accelerating, and lives are being transformed by affordable, accessible clean energy.

    Renewables don’t just generate power. They generate jobs, wealth, energy security and a path out of poverty for millions.

    But developing countries cannot be plundered in that journey.

    Our Panel on Critical Minerals has recommended fair and sustainable ways to meet global demand for these resources, which are essential to the renewables revolution.

    Excellencies,

    A future without fossil fuels is certain.  A fair and fast transition is not.

    That is in your hands.

    By next year, every country must produce an ambitious new national climate action plan – or Nationally Determined Contributions.

    These must bring national energy strategies, sustainable development priorities, and climate ambitions together.

    They must align with the 1.5 degree limit, cover the whole economy, and contribute to every one of the COP28 energy transition targets.

    An International Energy Agency report released today breaks this down.

    By 2035, on average, advanced economies must slash energy emissions 80 per cent, and emerging markets 65 per cent.

    The G20 is responsible for 80 per cent of total emissions.

    They must lead the charge – keeping with the principle of common but differentiated responsibilities and respective capabilities in the light of different national circumstances.

    But this must be a joint effort — pooling resources, scientific capacities and proven and affordable technologies for all to be able to reach those targets.

    I’m honoured to be working closely with President Lula of Brazil – who is both G20 Chair and COP30 host – to secure maximum ambition, acceleration and cooperation. We just met for that purpose.

    Finance is essential.

    COP29 is around the corner.

    It must deliver a significant new finance goal.

    We also need a Loss and Damage Fund that meets the scale of the challenge – and developed countries meeting their adaptation finance promises.

    And we must finally flip the script on a crazy situation:

    We continue to reward polluters to wreck our planet.

    The fossil fuel industry continues to pocket massive profits and subsidies, while everyday people bear the costs of climate catastrophe – from rising insurance premiums to lost livelihoods.

    I call on G20 countries to shift money from fossil fuel subsidies and investments to a just energy transition;

    To put an effective price on carbon;

    And to implement new and innovative sources of financing – including solidarity levies on fossil fuel extraction – through legally-binding, transparent mechanisms.

    All by next year and this taking into account that those who shoulder the blame must foot the bill.

    Polluters must pay.

    Excellencies,

    The rapid rise of new technologies poses another unpredictable existential risk.

    Artificial Intelligence will change virtually everything we know — from work, education and communication, to culture and politics.

    We know AI is rapidly advancing, but where is it taking us:

    To more freedom – or more conflict?

    To a more sustainable world – or greater inequality?

    To being better informed – or easier to manipulate?

    A handful of companies and even individuals have already amassed enormous power over the development of AI – with little accountability or oversight for the moment.

    Without a global approach to its management, artificial intelligence could lead to artificial divisions across the board – a Great Fracture with two internets, two markets, two economies – with every country forced to pick a side, and enormous consequences for all.

    The United Nations is the universal platform for dialogue and consensus.

    It is uniquely placed to promote cooperation on AI – based on the values of the Charter and international law.

    The global debate happens here, or it does not happen.

    I welcome important first steps.

    Two resolutions in the General Assembly, the Global Digital Compact, and the recommendations of the High-Level Body on AI can lay the foundations for inclusive governance of AI.

    Let’s move forward together to make AI a force for good.

    Excellencies,

    Nothing lasts forever.

    But a feature of human life is that it appears otherwise.

    The current order always feels fixed.

    Until it is not.
     
    Across human history, we see empires rising and falling; old certainties crumbling; tectonic shifts in global affairs.
     
    Today our course is unsustainable.

    It is in all our interests to manage the epic transformations underway; to choose the future we want and to guide our world towards it.

    Many have said that the differences and divisions today are just too great.

    That it is impossible for us to come together for the common good.

    You proved that is not true.

    The Summit of the Future showed that with a spirit of dialogue and compromise, we can join forces to steer our world to a more sustainable path.

    It is not the end.

    It is a start of a journey, a compass in the whirlwind.

    Let’s keep going.

    Let’s move our world towards less impunity and more accountability …. less inequality and more justice … less uncertainty and more opportunity.

    The people of the world are looking to us – and succeeding generations will look back on us.

    Let them find us on the side of the United Nations Charter … on the side of our shared values and principles … and on the right side of history.

    I thank you.

    ***
    [all-English]

    Mr. President of the General Assembly,
     
    Excellencies,
     
    Ladies and gentlemen,
     
    Our world is in a whirlwind.
     
    We are in an era of epic transformation – facing challenges unlike any we have ever seen – challenges that demand global solutions.
     
    Yet geo-political divisions keep deepening. The planet keeps heating.

    Wars rage with no clue how they will end.
     
    And nuclear posturing and new weapons cast a dark shadow.
     
    We are edging towards the unimaginable – a powder keg that risks engulfing the world.
     
    Meanwhile, 2024 is the year that half of humanity goes to the polls – and all of humanity will be affected.
     
    I stand before you in this whirlwind convinced of two overriding truths.
     
    First, the state of our world is unsustainable.
     
    We can’t go on like this.
     
    And second, the challenges we face are solvable.
     
    But that requires us to make sure the mechanisms of international problem-solving actually solve problems.
     
    The Summit of the Future was a first step, but we have a long way to go.
     
    Getting there requires confronting three major drivers of unsustainability.
     
    A world of impunity – where violations and abuses threaten the very foundation of international law and the UN Charter.
     
    A world of inequality – where injustices and grievances threaten to undermine countries or even push them over the edge.
     
    And a world of uncertainty – where unmanaged global risks threaten our future in unknowable ways.
     
    These worlds of impunity, inequality and uncertainty are connected and colliding.
     
    Excellencies,
     
    The level of impunity in the world is politically indefensible and morally intolerable.
     
    Today, a growing number of governments and others feel entitled to a “get out of jail free” card.
     
    They can trample international law.
     
    They can violate the United Nations Charter.
     
    They can turn a blind eye to international human rights conventions or the decisions of international courts.
     
    They can thumb their nose at international humanitarian law.
     
    They can invade another country, lay waste to whole societies, or utterly disregard the welfare of their own people.
     
    And nothing will happen.
     
    We see this age of impunity everywhere — in the Middle East, in the heart of Europe, in the Horn of Africa, and beyond.
     
    The war in Ukraine is spreading with no signs of letting up.
     
    Civilians are paying the price – in rising death tolls and shattered lives and communities.
     
    It is time for a just peace based on the UN Charter, on international law and on UN resolutions.
     
    Meanwhile, Gaza is a non-stop nightmare that threatens to take the entire region with it.
     
    Look no further than Lebanon.
     
    We should all be alarmed by the escalation. 
     
    Lebanon is at the brink. 
     
    The people of Lebanon – the people of Israel – and the people of the world — cannot afford Lebanon to become another Gaza.
     
    Let’s be clear.
     
    Nothing can justify the abhorrent acts of terror committed by Hamas on October 7th, or the taking of hostages – both of which I have repeatedly condemned.
     
    And nothing can justify the collective punishment of the Palestinian people.
     
    The speed and scale of the killing and destruction in Gaza are unlike anything in my years as Secretary-General.
     
    More than 200 of our own staff have been killed, many with their families.
     
    And yet the women and men of the United Nations continue to deliver humanitarian aid.
     
    I know you join me in paying a special tribute to UNRWA and to all humanitarians in Gaza.
     
    The international community must mobilize for an immediate ceasefire, the immediate and unconditional release of all hostages, and the beginning of an irreversible process towards a two-State solution.
     
    For those who go on undermining that goal with more settlements, more landgrabs, more incitement — I ask:
     
    What is the alternative?
     
    How could the world accept a one-state future in which a large a large number of Palestinians would be included without any freedom, rights or dignity?
     
    In Sudan, a brutal power struggle has unleashed horrific violence — including widespread rape and sexual assaults.
     
    A humanitarian catastrophe is unfolding as famine spreads.  Yet outside powers continue to interfere with no unified approach to finding peace.
     
    In the Sahel, the dramatic and rapid expansion of the terrorist threat requires a joint approach rooted in solidarity – but regional and international cooperation have broken down.
     
    From Myanmar to the Democratic Republic of the Congo to Haiti to Yemen and beyond – we continue to see appalling levels of violence and human suffering in the face of a chronic failure to find solutions.
     
    Meanwhile our peacekeeping missions are too often operating in areas where simply there is no peace to keep.
     
    Instability in many places around the world is a by-product of instability in power relations and geo-political divides.
     
    For all its perils, the Cold War had rules.
     
    There were hot lines, red lines and guard rails.
     
    It can feel as though we don’t have that today.
     
    Nor do we have a unipolar world.
     
    We are moving to a multipolar world, but we are not there yet.
     
    We are in a purgatory of polarity.
     
    And in this purgatory, more and more countries are filling the spaces of geopolitical divides, doing whatever they want with no accountability.
     
    That is why it is more important than ever to reaffirm the Charter, to respect international law, to support and implement decisions of international courts, and to reinforce human rights in the world.
     
    Anywhere and everywhere.

    Excellencies, Ladies and Gentlemen,

    Rising inequalities are a second driver of unsustainability and a stain on our collective conscience. 

    Inequality is not a technical or bureaucratic issue. 

    At its heart, inequality is a question of power with historic roots.

    Conflict, climate upheaval and the cost-of-living crisis, are pushing those roots deeper. 

    At the same time, the world has not recovered from the surge in inequalities caused by the pandemic.

    Of the world’s poorest 75 countries, one-third are worse off today than they were five years ago.

    During that same period, the five richest men in the world have more than doubled their wealth.
     
    And the top one per cent of people on earth own 43 per cent of all global financial assets.

    At the national level, some governments are supercharging inequalities by doling out massive tax giveaways to corporations and the ultra-rich, while shortchanging investments in health, education and social protection.

    No one is being short-changed more than the world’s women and girls. 

    Excellencies, 
     
    Rampant gender-based discrimination and abuse are the most prevalent inequality across all societies. 
     
    Every day, it seems we are confronted by yet more sickening cases of femicide, gender-based violence and mass rape, both in peacetime and as a weapon of war. 
     
    In some countries, laws are being used to threaten reproductive health and rights. 

    And in Afghanistan, laws are being used to lock-in the systematic oppression of women and girls. 
     
    And I am sorry to observe that despite years of talk, gender inequality is on full display, and I am sorry for mentioning it here, gender inequality is on full display in this very Hall. 

    Less than 10 per cent of speakers during this week’s General Debate are women. 
     
    This is unacceptable – especially when we know gender equality delivers for peace, sustainable development, climate action and much more. 

    That is precisely why we took targeted measures to achieve gender parity among the United Nations senior leadership, an objective that has already been achieved.

    It’s doable. 

    I call on male-dominated political and economic establishments around the world to do it as well.
     
    Excellencies,

    Global inequalities are reflected and reinforced even in our own global institutions.

    The United Nations Security Council was designed by the victors of the Second World War. 

    Most of Africa was still under colonial domination. 

    To this day, Africa has no permanent seat on the world’s preeminent council of peace. 

    This must change.

    So must the global financial architecture, set up 80 years ago. 

    I commend the leaders of the World Bank and the International Monetary Fund for taking important steps.

    But as the Pact for the Future emphasizes, tackling inequalities requires accelerating reform of the international financial architecture.

    Over the past eight decades, the global economy has grown and transformed.

    The Bretton Woods institutions have not kept pace.

    They can no longer provide a global safety net – or offer developing countries the level of support they need.

    Debt interest payments in the world’s poorest countries now cost more, on average, than investments in education, health and infrastructure combined.

    And around the world, more than 80 per cent of Sustainable Development Goal targets are off track. 

    Excellencies,

    Getting back on track requires a surge of financing for the 2030 Agenda and the Paris Agreement.

    That means G20 countries leading on an SDG Stimulus of $500 billion a year. 

    It means reforms to substantially increase the lending capacity of Multilateral Development Banks and enable them to massively scale-up affordable long-term climate and development finance.

    It means expanding contingency financing through recycling Special Drawing Rights.

    And it means promoting long-term debt-restructuring.

    Excellencies,

    I have no illusions about the obstacles to reform of the multilateral system.

    Those with political and economic power – and those who believe they have power – are always reluctant to change.

    But the status quo is already draining their power.

    Without reform, fragmentation is inevitable, and global institutions will become less legitimate, less credible, and less effective.
     
    Excellencies,
     
    The third driver of our unsustainable world is uncertainty.
     
    The ground is shifting under our feet.
     
    Anxiety levels are off the charts.
     
    And young people, in particular, are counting on us and seeking solutions.
     
    Uncertainty is compounded by two existential threats – the climate crisis and the rapid advance of technology — in particular, Artificial Intelligence.
     
    Excellencies,
     
    We are in a climate meltdown.
     
    Extreme temperatures, raging fires, droughts, and epic floods are not natural disasters.
     
    They are human disasters — increasingly fueled by fossil fuels.
     
    No country is spared. But the poorest and most vulnerable are hardest hit.
     
    Climate hazards are blowing a hole through the budgets of many African countries, costing up to five per cent of GDP – every year.
     
    And this is just the start.
     
    We are on course to careen past the global limit of a 1.5 degree temperature rise.
     
    But as the problem gets worse, solutions are getting better.
     
    Renewable prices are plummeting, roll-out is accelerating, and lives are being transformed by affordable, accessible clean energy.
     
    Renewables don’t just generate power. They generate jobs, wealth, energy security and a path out of poverty for millions.
     
    But developing countries cannot be plundered in that journey.
     
    Our Panel on Critical Minerals has recommended fair and sustainable ways to meet global demand for these resources, which are essential to the renewables revolution.
     
    Excellencies,
     
    A future without fossil fuels is certain.  A fair and fast transition is not.
     
    That is in your hands.
     
    By next year, every country must produce an ambitious new national climate action plan – or Nationally Determined Contributions.
     
    These must bring national energy strategies, sustainable development priorities, and climate ambitions together.
     
    They must align with the 1.5 degree limit, cover the whole economy, and contribute to every one of the COP28 energy transition targets.
     
    An International Energy Agency report released today breaks this down.
     
    By 2035, on average, advanced economies must slash energy emissions 80 per cent, and emerging markets 65 per cent.
     
    The G20 is responsible for 80 per cent of total emissions.
     
    They must lead the charge – keeping with the principle of common but differentiated responsibilities and respective capabilities in the light of different national circumstances.
     
    But this must be a joint effort — pooling resources, scientific capacities and proven and affordable technologies for all to be able to reach those targets.
     
    I’m honoured to be working closely with President Lula of Brazil – who is both G20 Chair and COP30 host – to secure maximum ambition, acceleration and cooperation. We just met for that purpose.
     
    Finance is essential.
     
    COP29 is around the corner.
     
    It must deliver a significant new finance goal.
     
    We also need a Loss and Damage Fund that meets the scale of the challenge – and developed countries meeting their adaptation finance promises.
     
    And we must finally flip the script on a crazy situation:
     
    We continue to reward polluters to wreck our planet.
     
    The fossil fuel industry continues to pocket massive profits and subsidies, while everyday people bear the costs of climate catastrophe – from rising insurance premiums to lost livelihoods.
     
    I call on G20 countries to shift money from fossil fuel subsidies and investments to a just energy transition;
     
    To put an effective price on carbon;
     
    And to implement new and innovative sources of financing – including solidarity levies on fossil fuel extraction – through legally-binding, transparent mechanisms.
     
    All by next year and this taking into account that those who shoulder the blame must foot the bill.
     
    Polluters must pay.
     
    Excellencies,
     
    The rapid rise of new technologies poses another unpredictable existential risk.
     
    Artificial Intelligence will change virtually everything we know — from work, education and communication, to culture and politics.
     
    We know AI is rapidly advancing, but where is it taking us:
     
    To more freedom – or more conflict?
     
    To a more sustainable world – or greater inequality?
     
    To being better informed – or easier to manipulate?
     
    A handful of companies and even individuals have already amassed enormous power over the development of AI – with little accountability or oversight for the moment.
     
    Without a global approach to its management, artificial intelligence could lead to artificial divisions across the board – a Great Fracture with two internets, two markets, two economies – with every country forced to pick a side, and enormous consequences for all.
     
    The United Nations is the universal platform for dialogue and consensus.
     
    It is uniquely placed to promote cooperation on AI – based on the values of the Charter and international law.
     
    The global debate happens here, or it does not happen.
     
    I welcome important first steps.
     
    Two resolutions in the General Assembly, the Global Digital Compact, and the recommendations of the High-Level Body on AI can lay the foundations for inclusive governance of AI.
     
    Let’s move forward together to make AI a force for good.
     
    Excellencies,
     
    Nothing lasts forever.
     
    But a feature of human life is that it appears otherwise.
     
    The current order always feels fixed.
     
    Until it is not.
     
    Across human history, we see empires rising and falling; old certainties crumbling; tectonic shifts in global affairs.
     
    Today our course is unsustainable.
     
    It is in all our interests to manage the epic transformations underway; to choose the future we want and to guide our world towards it.
     
    Many have said that the differences and divisions today are just too great.
     
    That it is impossible for us to come together for the common good.
     
    You proved that is not true.
     
    The Summit of the Future showed that with a spirit of dialogue and compromise, we can join forces to steer our world to a more sustainable path.
     
    It is not the end.
     
    It is a start of a journey, a compass in the whirlwind.
     
    Let’s keep going.
     
    Let’s move our world towards less impunity and more accountability …. less inequality and more justice … less uncertainty and more opportunity.
     
    The people of the world are looking to us – and succeeding generations will look back on us.
     
    Let them find us on the side of the United Nations Charter … on the side of our shared values and principles … and on the right side of history.
     
    I thank you.

    ***
    [all-French]

    Monsieur le Président,

    Excellences,

    Mesdames et Messieurs,

    Notre monde est pris dans un tourbillon.

    Nous vivons une ère de transformation aux proportions épiques et faisons face à des défis sans précédent qui exigent des solutions mondiales.

    Et pourtant, les divisions géopolitiques ne vont qu’en s’aggravant. La planète continue de se réchauffer.

    Les guerres font rage sans que l’on sache comment elles vont se terminer.

    Les gesticulations nucléaires et les nouvelles armes font planer sur nous une ombre inquiétante.

    Nous allons tout droit vers l’inimaginable : une poudrière qui risque d’engloutir le monde.

    En 2024, la moitié de l’humanité doit se rendre aux urnes – et c’est sur l’humanité tout entière que pèsera l’issue de ces scrutins.

    Je me tiens devant vous, face à ce tourbillon, convaincu de deux vérités primordiales.

    Tout d’abord, l’état dans lequel se trouve notre monde n’est pas viable.

    On ne peut pas continuer ainsi.

    Et deuxièmement, il est possible de relever les défis auxquels nous sommes confrontés.

    Mais pour cela, nous devons nous assurer que les mécanismes de règlement des problèmes internationaux permettent bel et bien de régler les problèmes.

    Le Sommet de l’avenir était un premier pas, mais le chemin à parcourir est encore long.

    Pour y parvenir, il faut s’attaquer à trois grands facteurs de l’insoutenabilité.

    Un monde d’impunité – dans lequel les violations et les atteintes menacent le fondement même du droit international et de la Charte des Nations Unies.

    Un monde d’inégalités – où les injustices et les griefs auxquelles elles donnent jour menacent d’affaiblir les pays, ou pire, de les précipiter dans le gouffre.

    Et un monde d’incertitude – où les risques mondiaux ne sont pas gérés, ce qui hypothèque notre avenir, bien au-delà de ce que l’on peut imaginer.

    Ces mondes d’impunité, d’inégalité et d’incertitude sont liés entre eux et se télescopent.

    Excellences,

    Le degré d’impunité dans le monde est indéfendable sur le plan politique et moralement intolérable.

    Aujourd’hui, un nombre croissant de gouvernements et d’autres acteurs se sentent autorisés à bénéficier, comme au Monopoly, d’une carte « Vous êtes libéré de prison ».

    Ils peuvent fouler aux pieds le droit international.

    Ils peuvent violer la Charte des Nations Unies.

    Ils peuvent ignorer les conventions internationales relatives aux droits humains ou les décisions des tribunaux internationaux.

    Ils peuvent bafouer le droit international humanitaire.

    Ils peuvent envahir un autre pays, dévaster des sociétés entières ou mépriser complètement le bien-être de leur propre peuple.

    Sans que rien ne se passe.

    Partout ‒ au Moyen-Orient, au cœur de l’Europe, dans la Corne de l’Afrique et au-delà ‒ c’est l’ère de l’impunité.

    La guerre en Ukraine s’étend et rien n’indique qu’elle va s’arrêter.

    Ce sont les populations civiles qui en paient le prix. À preuve, les morts de plus en plus nombreuses, les vies et les communautés brisées.

    Il est temps d’instaurer une paix juste, fondée sur la Charte des Nations Unies, le droit international et les résolutions des organes des Nations Unies.

    Pendant ce temps, Gaza vit un cauchemar permanent qui menace d’entraîner toute la région dans le chaos.

    À commencer par le Liban.

    Nous devrions tous être alarmés par cette escalade. 

    Le Liban est au bord du gouffre. 

    Le peuple libanais, le peuple israélien et les peuples du monde ne peuvent se permettre que le Liban devienne un autre Gaza.

    Soyons clairs.

    Rien ne peut justifier les actes de terreur abominables commis par le Hamas le 7 octobre, ni les prises d’otages, que j’ai condamnés à maintes reprises.

    Mais rien ne peut justifier d’infliger un châtiment collectif au peuple palestinien.

    La rapidité et l’ampleur du massacre et des destructions à Gaza ne ressemblent à rien d’autre de ce que j’ai connu depuis que je suis Secrétaire général.

    Plus de 200 membres du personnel des Nations Unies ont déjà été tués et, souvent, des membres de leurs familles ont aussi péri à leurs côtés.

    Et pourtant, les femmes et les hommes des Nations Unies continuent d’accomplir leur mission.

    Je sais que vous vous joignez à moi pour rendre un hommage appuyé à l’UNRWA et à tous les humanitaires à Gaza.

    La communauté internationale doit se mobiliser pour obtenir un cessez-le-feu immédiat, la libération immédiate et inconditionnelle des tous les otages et le lancement d’un processus irréversible pour qu’une solution des deux États voie le jour.

    J’aimerais poser une question à ceux qui continuent de saper cet objectif en multipliant les implantations, les expulsions, les provocations:
    Quelle est l’alternative ?

    Comment le monde pourrait-il accepter un État qui inclurait un grand nombre de Palestiniens et de Palestiniennes privés de liberté, de droits et de dignité ?

    Au Soudan, une lutte brutale pour le pouvoir a donné lieu à d’horribles violences, notamment des viols et des agressions sexuelles à grande échelle.

    Une catastrophe humanitaire est en train de se produire dans un pays en proie à une famine rampante. Pourtant, les puissances extérieures continuent de s’ingérer sans aucune approche unifiée pour trouver la paix.

    Au Sahel, l’expansion dramatique et rapide de la menace terroriste exige l’adoption d’une approche commune fondée sur la solidarité, mais la coopération régionale et internationale est en panne.

    Du Myanmar à la République démocratique du Congo, en passant par Haïti et le Yémen, les populations restent exposées à des violences et des souffrances effroyables, sur fond d’incapacité chronique à trouver des solutions.

    Pendant ce temps, nos missions de maintien de la paix opèrent trop souvent dans des lieux où il n’y a tout simplement pas de paix à maintenir.

    L’instabilité que l’on observe en de nombreux endroits du monde est la conséquence de l’instabilité des relations de pouvoir et des clivages géopolitiques.

    La Guerre Froide était pleine de dangers, mais elle avait aussi ses règles.

    Il y avait le téléphone rouge, des limites à ne pas franchir et des garde-fous.

    On a parfois l’impression que l’on n’a rien de tout cela aujourd’hui.

    Nous ne vivons pas non plus dans un monde unipolaire.

    Nous sommes en train de passer à un monde multipolaire, mais nous n’y sommes pas encore.

    Nous sommes en fait dans le purgatoire de la polarité.

    Et dans ce purgatoire, de plus en plus de pays occupent les espaces laissés vides par les divisions géopolitiques et font ce qu’ils veulent sans avoir à rendre de comptes.

    C’est pourquoi il est plus important que jamais de réaffirmer la Charte, d’appuyer et de respecter le droit international et de renforcer les droits humains à travers le monde.

    Partout et en tout lieu.

    Excellences, Mesdames et Messieurs,

    L’augmentation des inégalités est un deuxième facteur de l’insoutenabilité et une tache sur notre conscience collective. 

    L’inégalité n’est pas une question technique ou bureaucratique. 

    Au fond, l’inégalité est une question de pouvoir, aux racines historiques.

    Les conflits, les bouleversements climatiques et la crise du coût de la vie étendent ces racines historiques plus profondément encore. 

    Dans le même temps, le monde peine encore à se relever de la flambée des inégalités engendrée par la pandémie.

    Si l’on regarde les 75 pays les plus pauvres du monde, un tiers d’entre eux se trouve aujourd’hui dans une situation pire qu’il y a cinq ans.

    Au cours de la même période, les cinq hommes les plus riches de la planète ont plus que doublé leurs fortunes.

    Et un pour cent des habitants de la planète détient 43 % de l’ensemble des avoirs financiers mondiaux.

    Au niveau national, certains gouvernements décuplent les inégalités en accordant des cadeaux fiscaux massifs aux entreprises et aux ultra-riches — au détriment des investissements dans la santé, l’éducation et la protection sociale.

    Et personne n’est plus lésé que les femmes et les filles du monde entier.

    Excellences,

    La discrimination et les abus généralisés fondés sur le genre constituent l’inégalité la plus répandue dans toutes les sociétés.

    Chaque jour, il semble que nous soyons confrontés à de nouveaux cas révoltants de féminicides, de violences fondées sur le genre et de viols collectifs – en temps de paix comme en tant qu’arme de guerre.

    Dans certains pays, les lois sont utilisées pour menacer la santé et les droits reproductifs. 

    Et en Afghanistan, les lois sont utilisées pour entériner l’oppression systématique des femmes et des filles.

    Et je suis désolé de constater que, malgré des années de beaux discours, l’inégalité de genre se manifeste, et je vous demande pardon de le dire, elle se manifeste aujourd’hui encore, pleinement dans cette enceinte.

    Moins de 10 pour cent des intervenants au Débat général de cette semaine sont des femmes.
     
    C’est inacceptable, surtout quand on sait que l’égalité entre les femmes et les hommes contribue à la paix, au développement durable, à l’action climatique et bien plus encore.

    C’est précisément pour cela nous avons pris des mesures spécifiques pour atteindre la parité hommes-femmes parmi les hauts responsables de l’Organisation des Nations Unies, objectif qui est déjà complété.

    C’est faisable.

    J’exhorte les institutions politiques et économiques du monde dominées par les hommes à le faire aussi.
     
    Excellences,

    Les inégalités mondiales se reflètent et se renforcent jusque dans nos propres organisations internationales.

    Le Conseil de sécurité des Nations Unies a été conçu par les vainqueurs de la Seconde Guerre mondiale. 

    À l’époque, la majeure partie du continent africain était encore sous domination coloniale. 

    À ce jour, l’Afrique n’a toujours aucun siège permanent au sein de la principale instance de paix du monde. 

    Un changement s’impose.

    Il en va de même pour l’architecture financière mondiale, mise en place il y a 80 ans. 

    Je félicite les dirigeants de la Banque mondiale et du Fonds monétaire international pour les mesures importantes qu’ils ont entreprises.

    Mais comme le souligne le Pacte pour l’avenir, la lutte contre les inégalités exige une accélération de la réforme de l’architecture financière internationale.

    Au cours des huit dernières décennies, l’économie mondiale s’est développée et transformée.

    Les institutions de Bretton Woods n’ont pas suivi le rythme.

    Elles ne sont plus en mesure de fournir un filet de sécurité mondial, ni d’offrir aux pays en développement le niveau de soutien dont ils ont tant besoin. 

    Dans les pays les plus pauvres du monde, le coût des intérêts de la dette dépasse, en moyenne, le coût des investissements dans l’éducation, la santé et les infrastructures publiques réunis.

    Et à l’échelle du monde, plus de 80 % des cibles des Objectifs de développement durable ne sont pas en bonne voie.

    Excellences,

    Pour que l’on puisse redresser le cap, les financements mobilisés pour le Programme 2030 et l’Accord de Paris doivent connaître un véritable bond.

    Cela implique que les pays du G20 montrent l’exemple sur le Plan de relance des Objectifs de développement durable, de 500 milliards de dollars par an.

    Cela implique également d’engager des réformes pour renforcer considérablement la capacité de prêt des Banques multilatérales de développement, afin qu’elles puissent proposer bien davantage de financements abordables et à long terme pour l’action climatique et le développement.

    Cela implique de débloquer plus largement des financements pour imprévus, à travers le recyclage des droits de tirage spéciaux.

    Et cela implique de promouvoir une restructuration de la dette à long terme.

    Excellences,

    Je ne me fais guère d’illusions sur les obstacles que nous rencontrerons dans le cadre de la réforme du système multilatéral.

    Ceux qui détiennent le pouvoir politique et économique – et ceux qui croient le détenir – ont toujours une aversion au changement.

    Pourtant, le statu quo ébranle déjà leur pouvoir.

    Sans réforme, la fragmentation est inévitable, condamnant les institutions mondiales à perdre en légitimité, en crédibilité et en efficacité.

    Excellences,

    Le troisième facteur de l’insoutenabilité de notre monde est l’incertitude.

    Le sol se dérobe sous nos pieds.

    L’anxiété est à son comble.

    Les jeunes, en particulier, comptent sur nous et recherchent des solutions.

    L’incertitude est aggravée par deux menaces existentielles : la crise climatique et les bouleversements technologiques rapides, notamment l’intelligence artificielle.

    Excellences,

    Nous assistons à un véritable effondrement du climat.

    Les températures extrêmes, les incendies violents, les sécheresses et les inondations catastrophiques ne sont pas des catastrophes naturelles.

    Ce sont des catastrophes humaines, dont les combustibles fossiles précipitent l’enchaînement.

    Aucun pays n’est épargné. Mais ce sont les pays les plus pauvres et les plus vulnérables qui paient le prix fort.

    Les calamités climatiques obèrent les budgets de nombreux pays d’Afrique et leur coûtent jusqu’à 5 % de leur PIB – chaque année.

    Et ce n’est que le début.

    La température mondiale est sur le point de dépasser la limite de 1,5 degré.

    Mais si le problème s’aggrave, les solutions que l’on y apporte deviennent plus efficaces.

    Prenons l’exemple des énergies renouvelables : leur prix diminue fortement, leur déploiement s’accélère et des populations voient leur quotidien transformé par une énergie propre, accessible et d’un coût abordable.

    Les énergies renouvelables ne servent pas qu’à produire de l’électricité. Elles créent aussi des emplois et de la richesse, sont gages de sécurité énergétique et permettent à des millions de personnes de sortir de la pauvreté.

    Mais cela ne doit pas passer par le pillage des pays en développement.

    Notre Groupe chargé de la question des minéraux essentiels a recommandé que des mesures équitables et durables soient prises pour répondre à la demande mondiale dans ces ressources, indispensables à la révolution des énergies renouvelables.

    Excellences,

    Il est certain qu’un monde sans combustibles fossiles verra le jour. En revanche, rien ne dit que la transition sera rapide ou équitable.

    Cela dépend de vous.

    D’ici à l’an prochain, tous les pays devront élaborer de nouveaux plans d’action nationaux pour le climat ambitieux – ou déterminer leurs contributions au niveau national.

    Ils devront faire converger leurs stratégies énergétiques nationales, leurs priorités en matière de développement durable et les ambitions climatiques.

    Ils devront ne pas dépasser la limite de 1,5 degré, couvrir l’ensemble de l’économie et concourir à la réalisation de tous les objectifs de transition énergétique convenus lors de la COP28.

    Dans le rapport qu’elle a publié aujourd’hui, l’Agence internationale de l’énergie chiffre le niveau d’ambition à atteindre.

    D’ici à 2035, en moyenne, les émissions de gaz à effet de serre doivent diminuer de 80 % dans les économies avancées, de 65 % dans les marchés émergents.

    Les pays du G20 sont responsables au total de 80 % des émissions.

    Ils doivent mener la charge, en respectant le principe des responsabilités communes mais différenciées et en tenant compte des capacités de chacun, en fonction des différents contextes nationaux.

    Mais cette action doit s’inscrire dans une démarche collective et suppose la mise en commun des ressources, des capacités scientifiques et de technologies abordables à l’efficacité avérée pour que tous puissent atteindre cet objectif.

    J’ai l’honneur de collaborer étroitement avec le Président Lula, dont le pays préside le G20 et accueillera la COP 30, afin de garantir le plus haut degré d’ambition possible, d’accélérer le rythme des progrès et de favoriser la coopération.

    Nous venons de nous rencontrer pour discuter de cela.

    Les financements sont d’une importance cruciale.

    La COP29 arrive à grands pas.

    Elle doit être l’occasion de fixer un nouvel objectif ambitieux en matière de financement.

    Il faut également que le fonds pour les pertes et les préjudices soit à la hauteur de l’enjeu et que les pays développés tiennent leurs promesses en matière de financement de l’adaptation.

    Et l’heure est venue de faire bouger les lignes face à une situation insensée.

    Nous continuons de récompenser les pollueurs qui détruisent notre planète.

    Le secteur des combustibles fossiles continue d’engranger des profits et des subventions considérables, mais ce sont les populations qui supportent les coûts de la catastrophe climatique, depuis la hausse des primes d’assurance jusqu’à la perte de leurs moyens de subsistance.

    Je demande aux pays du G20 de mettre fin aux subventions et aux investissements liés aux combustibles fossiles et de financer à la place une transition énergétique juste,

    De mettre un prix au carbone.

    Et d’adopter des sources de financement nouvelles et novatrices – notamment en instaurant une redevance internationale de solidarité sur l’extraction des combustibles fossiles, au moyen de mécanismes juridiquement contraignants et transparents.

    Et ce, d’ici à l’année prochaine.

    Et ce en tenant compte du fait que pour les responsables, l’heure des comptes a sonné.

    Les pollueurs doivent payer.

    Excellences,

    L’essor rapide des nouvelles technologies est une autre menace existentielle dont les conséquences sont imprévisibles.

    L’intelligence artificielle transformera notre monde du tout au tout : le travail, mais aussi l’éducation, la communication, la culture ou encore la politique.

    Nous savons que l’intelligence artificielle progresse rapidement, mais où nous mène-t-elle ?

    Vers plus de liberté ou plus de conflits ?

    Vers un monde plus durable ou de plus grandes inégalités ?

    Serons-nous mieux informés ou plus faciles à manipuler ?

    Une poignée d’entreprises et même de particuliers ont déjà acquis un pouvoir immense grâce au développement de l’intelligence artificielle, sans, pour le moment, avoir véritablement à rendre des comptes et sans grand contrôle.

    Faute de mesures mondiales pour en gérer le déploiement, l’intelligence artificielle risque d’engendrer des divisions artificielles dans tous les domaines, de donner lieu à une grande fracture entre deux internets, deux marchés et deux économies et, ainsi, de faire naître une situation où chaque pays serait contraint de choisir un camp, ce qui serait lourd de conséquences pour l’humanité tout entière.

    L’ONU est une instance universelle de dialogue et de consensus.

    Elle est particulièrement bien placée pour promouvoir la coopération en ce qui concerne l’intelligence artificielle, sur la base des valeurs de la Charte et du droit international.

    C’est dans cette enceinte, et nulle part ailleurs, que les membres de la communauté internationale débattent.

    Je salue les premières mesures importantes qui ont été prises.

    Deux résolutions de l’Assemblée générale, le Pacte numérique mondial et les recommandations de l’Organe consultatif de haut niveau sur l’intelligence artificielle, peuvent asseoir les bases d’une gouvernance inclusive de l’intelligence artificielle.

    Ensemble, faisons de l’intelligence artificielle une force au service du bien.

    Excellences,

    Rien n’est éternel.

    Mais l’humanité a ceci de particulier qu’elle croit le contraire.

    L’ordre en place a toujours l’air d’être indémontable.

    Jusqu’au jour où tout bascule.

    L’histoire de l’humanité a été marquée par l’essor et la chute d’empires, l’effondrement de vieilles certitudes et de véritables séismes sur le théâtre du monde.

    Aujourd’hui, nous allons droit dans le mur.

    Il est dans notre intérêt à toutes et à tous de gérer les transformations colossales qui sont en cours, de déterminer l’avenir que nous voulons et de faciliter son avènement dans le monde.

    Beaucoup pensent que les divisions et les divergences d’aujourd’hui sont insurmontables,

    Que nous ne parviendrons pas à nous rassembler pour le bien commun.

    Vous avez prouvé que ce n’était pas le cas.

    Le Sommet de l’avenir a montré que nous pouvons unir nos forces dans un esprit de dialogue et de compromis pour engager le monde sur une voie plus durable.

    Ce n’est pas une fin.

    Ce n’est que le début, une boussole dans la tempête.

    Il faut continuer sur cette lancée.

    Ne ménageons pas nos efforts : pour lutter contre l’impunité et renforcer le respect du principe de responsabilité… pour moins d’inégalités et plus de justice… pour échapper à l’incertitude et élargir le champ des possibles.

    Les populations du monde entier comptent sur nous, et les générations futures nous jugeront à l’aune de ce que nous aurons accompli.

    Nous devons ne pas les décevoir. Nous devons être à la hauteur de la Charte des Nations Unies… de nos valeurs et principes communs… et du bon côté de l’histoire.

    Et je vous remercie.
     

    MIL OSI Africa –

  • MIL-OSI USA: Breaking: House Passes Brown’s Bipartisan Bill to Cut Red Tape for CHIPS Projects Like Intel

    US Senate News:

    Source: United States Senator for Ohio Sherrod Brown
    WASHINGTON, D.C. – The U.S. House of Representatives today passed U.S. Senator Sherrod Brown’s bipartisan Building Chips in America Act, a bill to streamline federal reviews for microchip manufacturing facilities like the one being built by Intel in New Albany. The bill prevents delays in domestic manufacturing investments made possible by the CHIPS Act while maintaining bedrock environmental protections for clean air and water.
    The legislation passed the U.S. Senate in December and heads to the President’s desk to be signed into law.
    “This legislation will help prevent delays to the semiconductor manufacturing projects the CHIPS Act made possible and will encourage future investments in American manufacturing. This is critical to Intel’s project in Licking County and to ensure that we can outcompete China – I’m glad the House finally passed it and encourage the President to sign it into law immediately,” said Senator Brown.
    Brown has been a leader in bringing new manufacturing opportunities to Ohio and worked to pass into law the CHIPS and Science Act of 2022 which boosted Intel’s $20 billion investment to build a semiconductor plant in New Albany and is expected to create 10,000 jobs.
    Following its passage, companies throughout the semiconductor supply chain have announced plans to invest billions in new domestic manufacturing projects. The Building Chips in America Act would ensure federal environmental reviews are completed in a timely manner for these microchip projects supported by the CHIPS Act by streamlining approval for projects currently under construction and others that could be delayed, and by providing the Secretary of Commerce greater tools to more effectively and efficiently carry out reviews.
    This will give the administration additional authority to more effectively implement the CHIPS Act and maximize its potential to boost domestic microchip manufacturing, strengthen domestic supply chains, lower costs, and improve national security.
    In addition to Brown, U.S. Senators Mark Kelly (D-AZ), Ted Cruz (R-TX), Todd Young (R-IN), Bill Hagerty (R-TN), Martin Heinrich (D-NM), Kyrsten Sinema (I-AZ), and Ted Budd (R-NC) led the legislation in the Senate.

    MIL OSI USA News –

  • MIL-OSI USA: PREPARED REMARKS: Sanders Leads HELP Committee Hearing with Novo Nordisk CEO on Outrageous Ozempic and Wegovy Prices

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    I want to thank Mr. Lars Jørgensen, the CEO of Novo Nordisk for being with us today for this very important hearing.
    The issue that we are discussing today is not complicated.  It has everything to do with the chart behind me which shows that Novo Nordisk’s diabetes drug Ozempic is sold in Canada for $155, in Denmark for $122, in France for $71 and in Germany for $59.
    In the United States Novo Nordisk charges us $969 – over 15 times more than they sell it for in Germany.
    Wegovy, Novo Nordisk’s weight loss drug is even more expensive.  As this chart shows, Wegovy is sold for $265 in Canada, $186 in Denmark, $137 in Germany and $92 in the United Kingdom.
    In the U.S., the list price for Wegovy is $1,349 a month – nearly 15 times as much as it costs in the United Kingdom.
    What we are dealing with today, is not just an issue of economics, it is not just an issue of corporate greed.  It is a profound moral issue.
    Novo Nordisk has developed game-changing drugs which, if made affordable, can save the lives of tens of thousands of Americans every year and significantly improve the quality of life of millions more. If made affordable.  If not made affordable Americans throughout this country will needlessly die and suffer. 
    As representatives of the American people, we cannot allow that to happen.
    And let’s be clear.  The outrageously high cost of Ozempic, Wegovy, and other prescription drugs is directly related to the broken, dysfunctional and cruel healthcare system in our country.
    While the current system makes huge profits for large drug companies like Novo Nordisk, huge profits for insurance companies, and huge profits for PBM’s, it is failing the needs of ordinary Americans. 
    In the United States today we spend almost twice as much, per capita, on health care as the people of any other country – nearly $13,500 for every man, woman and child – over 17% of our GDP.  
    Yet, despite this huge and unsustainable expenditure, we are the only major nation not to guarantee health care to all as a human right.
    Further, despite all of that spending, our healthcare outcomes are not particularly good.
    Today, over 85 million Americans are uninsured or under-insured, over 60,000 die every year because they don’t get to a doctor when they should, and our life expectancy, which is actually declining in many parts of this country, is far below most other wealthy countries. 
    So. What does all this have to do with Mr. Jørgensen, Novo Nordisk and our hearing today? A lot.
    The simple truth is that we pay, by far, the highest prices in the world for prescription drugs and that is a major factor in the healthcare crisis we are experiencing. How does that happen? What’s the connection?
    First, one out of four Americans are unable to afford the prescription drugs that their doctors prescribe.  
    Insanely, that means that millions of Americans go without the treatment their doctors prescribe.  The result: some will actually die and others will become much sicker than they should.  And millions will unnecessarily end up in emergency rooms or in hospitals at great expense to our health care system.  How crazy is that?
    Second, one of the reasons that hospital costs in this country are rapidly increasing has to do with the very high cost of prescription drugs. My local hospital in Burlington, a moderate sized hospital, told me that 20% of their budget is now devoted to the cost of prescription drugs – some of which now cost hundreds of thousands a year for the treatment of their patients.
    Third, a significant reason for the high cost of insurance policies in this country, and why insurance rates are going up, is due to the high cost of prescription drugs.  
    Yes.  Millions of Americans with decent health insurance pay minimal amounts for their prescription drugs.  That’s the good news.  
    The bad news is that they are paying a fortune in premiums, deductibles and co-payments for the insurance that covers those drugs.
    I should also add that if you’re a taxpayer in this country you’re paying higher taxes than you should because of the inflated costs that Medicare, Medicaid and other public health programs pay for prescription drugs.   
    That is the overview and why the issue that we’re discussing today is so very important. Now, let’s go to the particulars with regard to Novo Nordisk, Ozempic and Wegovy.
    Ozempic and Wegovy are different brand names for the same drug: semaglutide.  These drugs are transformative new treatments for diabetes and obesity that help people control their blood sugar and lose weight.
    Both are manufactured by Novo Nordisk and both are on track to be some of the best-selling and most profitable drugs in the history of the pharmaceutical industry.
    In fact, since 2018, Novo Nordisk has made nearly $50 billion in sales off of these two drugs. Importantly, 72% of that revenue coming from sales in the United States.
    In other words, the United States is Novo Nordisk’s cash cow for Ozempic and Wegovy.
    And given that these drugs will need to be taken over the course of a lifetime – Novo Nordisk can expect to receive tens of billions in sales and huge profits from these drugs year after year.  
    Now why does Novo Nordisk charge the American people such outrageously high prices for Ozempic and Wegovy?  Are they acting illegally by charging us such high prices?  Are they violating the law? 
    No.  They are not. What they are doing is perfectly lawful.  They are simply taking advantage of the fact that, until very recently, the United States has been the only major country not to negotiate the cost of prescription drugs.  In other words, Novo Nordisk and other drug companies can charge us as much as the market will bear – and that is exactly what they are doing.
    Now, in a few minutes when Mr. Jorgenson makes his presentation, I suspect that he will tell us that the healthcare system here is complex and that there is a difference between the list price and the net price as a result of the rebates that PBMs receive.
    And he’s right.
    But even factoring in all of the rebates that PBM’s receive, the net price for Ozempic is still nearly $600 – over 9 times as much as it costs in Germany.
    And the estimated net price of Wegovy is over $800 – nearly four and a half times as much as it costs in Denmark.
    What must also be understood is that not everybody can take advantage of the net price of these drugs.
    If you are uninsured you pay the full list price. 
    If you have a large deductible, you pay the full list price. 
    If you have co-insurance, the percentage of the price you pay at the pharmacy counter is based on the list price.
    And let’s be clear.  75% of Americans, over 190 million people, with insurance are unable to access Wegovy through their policies.
    Mr. Jorgensen may also tell us that Novo Nordisk is afraid that if it substantially reduced the list price for Ozempic and Wegovy, PBM’s may limit coverage for these drugs.
    Well, let me ease his concerns.  I am delighted to announce today that I have received commitments in writing from all of the major PBM’s that if Novo Nordisk substantially reduced the list price for Ozempic and Wegovy they would not limit coverage.  In fact, all of them told me they would be able to expand coverage for these drugs if the list price was reduced.  I ask unanimous consent to insert the letters I received from the PBM’s making this commitment into the record.
    Now, let me share with the Committee some other important information that we have uncovered as part of our investigation.
    Last week, I received a letter from over 250 doctors urging us to do everything we can to substantially reduce the price of these drugs.
    This should come as no surprise.
    What these doctors are telling us is that if the price of Ozempic and Wegovy is not substantially reduced, many of their patients who have diabetes and obesity will be unable to afford them.  Some of them will unnecessarily die and others will suffer a significant decline in their quality of life.  I ask unanimous consent to enter this letter into the record.
    Earlier this year, Dr. Alison Galvani, an epidemiologist at Yale university, conducted a study on Wegovy.  And what she found, and I hope Mr. Jorgensen pays attention to this, is that over 40,000 lives a year could be saved if Wegovy were made widely available at an affordable price to Americans who need this drug.  I ask unanimous consent to insert this study into the record. 
    A few months ago, Dr. Melissa Barber, a health care economist at Yale University, conducted a study on the cost of manufacturing Ozempic.  And what she found is that Ozempic can be profitably manufactured for less than $5 a month.
    We all know the cost of production is not the only expense for a drug company.  Pharmaceutical companies spend great sums on research and development to find new treatments with many of those products never coming to market.  We get that.  But it is important to know that this drug can be manufactured profitably for a few dollars a month.
    You may hear from Mr. Jørgensen that Novo Nordisk spent $21 billion on research and development since 2018.  I take his word on that.
    What he may not tell you is that Novo Nordisk spent $44 billion on stock buybacks and dividends over that same time period.
    In other words, since Ozempic came onto the market in 2018, Novo Nordisk spent over twice as much on stock buybacks and dividends than it spent on research and development.
    And let’s be clear.  Outrage over the high cost of Ozempic and other prescription drugs is not a partisan political issue. It’s not just Democrats.  It’s not just Republicans.  It’s not just Independents like me.  It’s the vast majority of the American people. 
    For example, Dale Folwell, the Republican treasurer of the state of North Carolina has told us that if he did not discontinue covering Wegovy for some 20,000 state workers in North Carolina he would have been forced to double health insurance premiums for teachers, firefighters and police officers in his state – regardless if they needed this drug or not.  He would have had to double health insurance premiums in the State of North Carolina.
    Blue Cross-Blue Shield of Michigan also announced that it would have to discontinue covering Wegovy because it was too expensive. 
    Even Elon Musk, not someone who shares my political views, recently posted on Twitter and I quote: “Solving obesity greatly reduces risk of other diseases, especially diabetes, and improves quality of life. We do need to find a way to make appetite inhibitors available to anyone who wants them.”
    And he’s right.
    Further, not only must we be concerned about lack of access to these drugs we have also got to take a serious look at the financial implications of what happens if the prices of these drugs are not substantially reduced.
    Bottom line: If just half of the adults in our country with obesity took weight loss drugs like Wegovy at current prices the cost would be astronomical and would have a devastating financial impact on our country and on federal and state budgets.
    The best estimate that I have seen suggests that if half of the adults in our country took these weight loss drugs, it would cost $411 billion per year.  That is $5 billion more than what Americans spent on all prescription drugs at the pharmacy counter in 2022.
    In other words, the outrageously high price of these drugs could bankrupt Medicare and radically increase insurance premiums to absolutely unaffordable rates.
    This does not have to happen.
    Over the last several months, I and my staff have been talking to a number of major generic pharmaceutical companies.
    These are large companies that supply hundreds of millions of prescriptions to many millions of Americans.
    And what these CEOs have told me is something of enormous consequence. 
    They have studied the matter and they tell me that they can sell a generic version of Ozempic, the exact same drug that Novo Nordisk is manufacturing, to Americans for less than $100 per month.
    Yes.  That’s right.
    Novo Nordisk charges us $969 a month for Ozempic.  These generic companies can sell this same product for less than $100 a month – less than ten percent of what Americans are currently paying.
    Let’s be clear.  Nobody here is asking Novo Nordisk to provide charity to the American people. Novo Nordisk has already made billions of dollars in profit off of these products and, in the coming years, will make many billions more.
    All we are saying, Mr. Jørgensen, is treat the American people the same way that you treat people in countries all over the world. Stop ripping us off. 
    A few months ago President Biden and I wrote an op-ed which appeared in USA today. And here is what the president and I said: 
    “If Novo Nordisk and other pharmaceutical companies refuse to substantially lower prescription drug prices in our country and end their greed, we will do everything within our power to end it for them. Novo Nordisk must substantially reduce the price of Ozempic and Wegovy.  As Americans we must not rest until every person in our country can afford the prescription drugs they need to lead healthy, happy and productive lives.”
    That’s what President Biden and I wrote a few months ago.  And that’s what I believe.  Prescription drugs in this country must be affordable and we must not be forced to pay far higher prices than people in other countries pay for the same exact product.
    This is especially true when we face a national emergency in terms of the twin epidemics of diabetes and obesity which, if not addressed with lower cost drugs, could cost us tens of thousands of lives and an unimaginable amount of money.
    And if taking the kind of action that must be taken means standing up to the 1,800 well-paid pharmaceutical lobbyists here on Capitol Hill, including more than a few from Novo Nordisk, so be it.  If it means refusing to be influenced by the massive amounts of campaign contributions that come from the pharmaceutical industry.  So be it. 
    Congress and the Administration have a moral responsibility to act boldly and act now.  
    Senator Cassidy, you are now recognized for an opening statement.

    MIL OSI USA News –

  • MIL-OSI: Societe Generale: shares and voting rights as of 23 September 2024

    Source: GlobeNewswire (MIL-OSI)

    NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 23 SEPTEMBER 2024

    Regulated Information

    Paris, 24 September 2024

    Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations.

    Date Number of shares composing current share capital Total number of
    voting rights

    23 September 2024

    		 800,316,777

    Gross: 886,300,841

    Press contact:

    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries across the world. We have been supporting the development of our economies for nearly 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Results of AGM

    Source: GlobeNewswire (MIL-OSI)

    THAMES VENTURES VCT 2 PLC
    LEI: 21380035MV1VRYEXPR95

    AGM RESULTS STATEMENT
    24 SEPTEMBER 2024

    The Board of Thames Ventures VCT 2 plc (“the Company”) (“the Board”) is pleased to announce that at the Annual General Meeting of the Company held on 24 September 2024, all the resolutions were passed on a poll. The voting was as follows:

    Resolution Votes For
    (including discretion)    		 % Votes Against % Votes Withheld %
    Resolution 1 – To receive the Report and Accounts for the year ended 31 March 2024 and Independent Auditors’ Report. 2,375,095 84% 439,696 16% 26,077 0.92%
    Resolution 2 – To approve the Directors’ Remuneration Report 2,052,519 73% 766,717 27% 21,632 0.76%
    Resolution 3 – To approve the Directors’ Remuneration Policy. 2,036,233 72% 773,311 28% 31,324 1.10%
    Resolution 4 – To approve the final dividends 2,161,208 82% 461,001 18% 218,659 7.70%
    Resolution 5 – To re-appoint BDO LLP as the Company’s auditor and authorise the Directors to fix the auditor’s remuneration. 2,267,964 82% 491,901 18%                   81,003 2.85%
    Resolution 6 – To re-elect Aubrey Brocklebank as a Director. 2,160,581 77% 644,832 23%                   35,455 1.25%
    Resolution 7 – To re-elect Chris Allner as a Director. 2,116,760 75% 693,507 25% 30,601 1.08%
    Resolution 8 – To re-elect Steven Clarke as a Director.  

    2,162,782

    		  

    77%

    		  

    647,485

    		  

    23%

    		  

    30,601

    		  

    1.08%
    Resolution 9 – To re-elect Andrew Mackintosh as a Director. 2,157,831 77% 652,436 23% 30,601 1.08%
    Resolution 10 – Authority to Allot Shares 2,116,404 76% 663,753 24% 60,711 2.14%
    Resolution 11 – Disapplication of Pre-emption Rights 2,095,467 76% 668,351 24% 77,050 2.71%
    Resolution 12 – Authority to Make Market Purchases of Own Shares 2,336,060 84% 457,065 16% 47,743 1.68%

    The results of the voting show that resolutions 2,3 and 6 to 11 have all received more the 20% of votes against the passing of each resolution. The  Board notes the level of dissent and, given the importance of the views of all the Company’s shareholders to the Board, it will continue to engage with investors on the above matters to understand the reasons behind the results.  An update will be published on that engagement within six months.

    END

    For further information, please contact:

    Company Secretary
    Foresight Group LLP
    Contact: Stephen Thayer Tel: 0203 667 8100

    Investor Relations
    Foresight Group LLP
    Contact: Andrew James Tel: 0203 667 8181

    The MIL Network –

  • MIL-OSI: Convocation of the Ordinary General Meeting of Shareholders and publication of the Annual Report

    Source: GlobeNewswire (MIL-OSI)

    Regulated information, Leuven, 24 September 2024 (17.40 hrs CEST)

    Convocation of the Ordinary General Meeting of Shareholders and publication of the Annual Report

    KBC Ancora invites its shareholders at the Ordinary General Meeting of Shareholders which will be held on Friday 25 October 2024. All relevant information, including the convocation with the agenda and the Annual Report 2023/2024, is available via the website: www.kbcancora.be, under the heading ‘Governance/General Meeting of Shareholders’.

            ———————————

    KBC Ancora is a listed company which holds 18.6% of the shares in KBC Group and which together with Cera, MRBB and the Other Permanent Shareholders ensures the shareholder stability and further development of the KBC group. As core shareholders of KBC Group, they have to this end signed a shareholder agreement.

            

    Financial calendar:

    25 October 2024        Ordinary General Meeting of Shareholders
    31 January 2025        Interim financial report 2024/2025
    29 August 2025        Annual press release for the financial year 2024/2025

    This press release is available in Dutch, French and English on the website www.kbcancora.be.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: UN Human Rights Council 57: UK Statement for Item 4 General Debate

    Source: United Kingdom – Executive Government & Departments 3

    Item 4: General Debate on the human rights situations that require the Council’s attention. Delivered by the UK’s Permanent Representative to the WTO & UN, Simon Manley.

    Location:
    Geneva
    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    Mr President, 

    Upholding the international rule of law lies at the heart of this Council, and we must call out violations wherever they occur. 

    The situation in Afghanistan is intolerable. The Taliban are imposing draconian controls on women and girls.

    In Iran, executions have surged. Women, girls and minority groups face repression. Journalists are silenced. The Fact-Finding Mission has said violations against protestors amount to crimes against humanity. Accountability for these violations is essential.

    We are of course deeply concerned over escalating human rights violations in the West Bank and Gaza, including the rights to life, health and free movement. We call for an immediate ceasefire, release of all hostages and protection of civilians. 

    In Xinjiang, we echo the statement made earlier by the US, while in Hong Kong, we call on the authorities to end politically motivated prosecutions, immediately release Jimmy Lai and cease attempts to apply Hong Kong law extra-territorially, including to individuals in the UK. China must uphold its human rights obligations.

    Reports of continuing Russian atrocities against Ukrainians are horrifying – not least the systematic and widespread use of torture against detainees. There must be no impunity. The rule of law must prevail.

    Updates to this page

    Published 24 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI: Carbeeza Inc. Announces Convertible Debenture Offering

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

    CALGARY, Alberta, Sept. 24, 2024 (GLOBE NEWSWIRE) — Carbeeza Inc. (“Carbeeza” or the “Company“) (TSXV:AUTO) (OTCQB: CRBAF), is pleased to announce a non-brokered private placement (the “Private Placement“) of 12% convertible unsecured debentures (the “Debentures“) for gross aggregate proceeds of up to $1,500,000. The net proceeds of the Debenture offering will be used by the Company to scale up the marketing campaign and for general corporate purposes. The Debentures have an issue price of $1,000 per Debenture and will bear interest at a rate of 12% per annum, payable in arrears on the maturity date. The Debentures will mature on the date that is twenty four months from the date of issuance. The Company concurrently announces that it has closed the first tranche of Debentures, closing on aggregate proceeds of $300,000.

    The Debentures will be convertible at any time prior to maturity at the option of the holders into units (“Units“) of the Company at a conversion price of $0.10 per common share (“Common Share”). The Units will consist of one Common Share and one full common share purchase warrant (“Warrant“) exercisable for a period of twenty four months from the closing date at a price of $0.20 per Warrant.

    At the Company’s option and subject to the approval of the TSX Venture Exchange (“TSXV”), any interest as may become due and payable on the outstanding principal amount may be satisfied by the issuance to the debenture holder of such number of Common Shares equal to the amount of interest payable divided by the greater of (i) the volume weighted average trading price of the Common Shares for the thirty (30) consecutive Trading Days ending on the fifth Trading Day before such date on the TSXV (“VWAP”); and (ii) the Market Price (as defined in TSXV Policy 1.1) on the date that the interest becomes payable. Also, at any time after the date that is one year from the date of the Debenture, the Company may issue a Forced Conversion Notice for the forced conversion of the principal amount of the then outstanding Debentures at the Conversion Price on not less than 30 days’ notice if the VWAP is greater than $0.30 for any 20 consecutive trading days on the TSXV.

    The Debentures, Common Shares and the Warrant Shares will be subject to a four month and one day hold period from the date of issuance in accordance with applicable securities laws and the policies of the Exchange. The Private Placement is expected to close on or around October 1, 2024 or such other date as may be determined by the directors of the Company.

    The Private Placement will be conducted pursuant to available prospectus exemptions including sales to accredited investors, family members, close friends and business associates of directors and officers of the Company, and to existing shareholders of the Company pursuant to the exemption set out in Alberta Securities Commission Rule 45-516 (Prospectus Exemptions for Retail Investors and Existing Security Holders) (the “Existing Shareholder Exemption“).

    The closing of the Private Placement is subject to regulatory approval including but not limited to, the approval of the TSXV.

    The remaining tranches of the Private Placement are expected to close on such date(s) as may be determined by the directors of the Company. The closing of the Private Placement is subject to regulatory approval including but not limited to, the approval of the TSXV.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    Carbeeza Inc.
    Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers.

    ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC.
    Sandro Torrieri, Chief Executive Officer

    Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

    Certain information set forth in this news release contains forward-looking statements or information (“forward-looking statements”). By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

    For further information please contact:
    Sandro Torrieri, Chief Executive Officer
    Email: Investorrelations@carbeeza.com
    Telephone: 1-855-216-8802
    Website: www.carbeeza.com  

    The MIL Network –