Category: Business

  • MIL-OSI Global: A weakened Hezbollah is being goaded into all-out conflict with Israel – the consequences would be devastating for all

    Source: The Conversation – USA – By Asher Kaufman, Professor of History and Peace Studies, University of Notre Dame

    For almost a year, Israel and Hezbollah have engaged in increasingly provocative cross-border skirmishes as onlookers warn that this escalating war of attrition could land the region in all-out conflict. The past few days have made that devastating scenario closer to a reality.

    First came Israel’s pager and walkie-talkie attack, an unprecedented assault on Hezbollah’s communications that injured thousands of the organization’s operatives. It was followed by the assassination of Ibrahim Aqil, a key Hezbollah leader, who died in an airstrike that also killed other senior commanders of the militant group, as well as some civilians. Hezbollah has responded by extending the geographical range of its rockets fired at Israel, targeting both military facilities and civilian neighborhoods just north and east of Haifa.

    As a scholar of Lebanon and Israel, I have followed the dynamics of this war of attrition since Oct. 8, 2023, the day after Hamas executed an unprecedented and deadly attack on Israel, which responded by bombarding the Gaza Strip. Hezbollah then began firing rockets into northern Israel in solidarity with Hamas in Gaza.

    Despite the high rhetoric and mutual threats of destruction, until recent days neither Israel nor Hezbollah, nor the latter’s sponsor Iran, have shown an interest in a full-scale war. All parties surely know the likely destructive consequences of such an eventuality for themselves: Israel has the military power to devastate Beirut and other parts of Lebanon as it did in Gaza, while even a weakened Hezbollah could fire thousands of missiles at Israeli strategic sites, from the airport to central Tel Aviv, water supply lines and electricity hubs, and offshore gas rigs.

    So instead, they have exchanged fire and blows along their shared boundary, with somewhat agreed-upon red lines concerning the geographical scope of attacks and efforts not to intentionally target civilians.

    But Israel’s recent attacks in Lebanon may have turned the page of this war of attrition into a new and far more acute situation, putting the region on the brink of a full war. Such a war would wreak havoc in Lebanon and Israel, and might also drag Iran and the United States into direct confrontation. In doing so, it would also fulfill the apparent of the Hamas gunmen who murdered around 1,200 Israelis on Oct. 7 in the hope that a heavy-handed Israeli response would draw in more groups across the region.

    A dangerous ‘new phase’

    Hezbollah’s secretary general, Hassan Nasrallah, has insisted throughout the near-yearlong hostilities that his organization would hold its fire only if a cease-fire agreement is reached between Israel and Hamas. In recent weeks, however, Israel has taken the conflict in the opposite direction.

    The country’s defense minister, Yoav Gallant, described the coordinated attacks on Hezbolah targets as a “new phase,” adding that the “center of gravity” in the war was moving north into Lebanon. The Israeli government has added the “return of the residents of the north securely to their homes” as an additional war goal.

    The assault on Hezbollah’s communications system targeted the organization’s operatives but hit many civilian bystanders, leaving Lebanese in shock, trauma, anger and desperation.

    It demonstrated Israel’s tactical military advantage over Hezbollah. The unprecedented penetration into the heart of the organization’s command and rank-and-file structures has never been seen before in any conflict or war globally. It struck Hezbollah in its most vulnerable places and even exposed its coordination with Iran – one of the injured persons from the pager explosions was the Iranian ambassador in Lebanon.

    The killing of Akil two days later was another signal that the Israeli government had now decided to try to change the rules of this risky game of reprisals and counter-reprisals. It is clear that rather than the uneasy status quo that defined this war of attrition for nearly a year, Israel’s intent is now to pressure Hezbollah to concede.

    Getting out of control

    Nasrallah delivered a gloomy and defiant speech in the aftermath of the pager attack. While acknowledging that Hezbollah was severely undermined by this operation, he defined the Israeli attack as a continuation of “multiple other massacres perpetrated by the enemy over decades.”

    By doing so, he framed it within a popular historical narrative among many Lebanese and Palestinians who regard Israel as a criminal entity that regularly carries out massacres against innocent civilians.

    Nasrallah also insisted that his commitment to supporting Hamas in Gaza remains unwavering.

    While stating that Israeli actions have “crossed all red lines” and could amount to a declaration of war, Nasrallah also reiterated a point he had made in previous peaks of this ongoing conflict: that retribution is coming, the only question being of timing and scale. By doing so, Nasrallah hinted that he may still not be interested in a full war.

    Israel, on the other hand, appears less circumspect. After almost a full year of contained tension with Hezbollah, Israel’s leaders appear willing to risk an escalation that might get out of control.

    It is hard to determine what the strategy behind Israel’s actions is: Since Oct. 7; as the Biden administration has noted, Israel has not displayed a coherent strategy with clear political goals.

    Rather, critics of Prime Minister Benjamin Netanyahu suggest that he is mainly motivated by his own political survival and the retention of power as the head of state, tying Israel’s interests to his own.

    Uniting the ‘axis of resistance’

    So where does this leave Nasrallah as he weighs Hezbollah’s response, surely in consultation with Iran? After such devastating blows to Nasrallah’s organization, it is hard to think that Hezbollah would be willing to scale down, stop its cross-border attacks and retreat away from the Israeli border, or give up its commitment to support Hamas in Gaza.

    Palestinian refugees listen to a speech by Hezbollah leader Hassan Nasrallah from a cafe at the entrance of the Sabra camp in Beirut.
    Joseph Eid/AFP via Getty Images

    On the other hand, opting for a full-scale war, after spending a year avoiding it, is fraught with risk – both Nasrallah and his sponsors in Tehran know well the high costs of such a war for Hezbollah, Lebanon and potentially also for Iran.

    If Hezbollah went to war now against Israel, it would embark on its most consequential move since its foundation in 1982. But it would do so with crippled communications systems and without much of its leadership – some of whom had worked for decades side by side with Nasrallah, building with him the military capacity of the organization.

    In some respects, Israelis under Netanyahu’s leadership, and Lebanese in a country increasingly held hostage by Hezbollah’s interests, face similar predicaments: Their well-being is being sacrificed for other priorities.

    Netanayhu’s recent statements about concern for Israeli citizens in the north sound hollow after 11 months of pursuing policies that put them more in danger, as well as opposing a Gaza cease-fire deal that would also end hostilities between Hezbollah and Israel.

    In Lebanon, Hezbollah has dragged the country into this war against the will of most Lebanese – a decision that has led to significant devastation in parts of a country already suffering extreme political and economic duress.

    Nasrallah’s speech described Hezbollah’s predicament as that of all Lebanon – while sending a veiled threat that dissent would not be tolerated. Many Lebanese are undoubtedly sympathetic to the Palestinian cause and resent Israel’s war in Gaza. But at the same time, they may balk at the idea that their own well-being has to be sacrificed in the process.

    In the meantime, Yahya Sinwar, the Hamas leader and mastermind behind the Oct. 7 massacre, may well be looking on at the unfolding events between Israel and Hezbollah with satisfaction. His plan was designed to trigger the unification of all fronts of the so-called “axis of resistance,” which includes the Houthis in Yemen as well as Hezbollah and other Iran-backed groups with the hope for a regional war against Israel.

    A year later, we are closer than ever to that scenario.

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

    ref. A weakened Hezbollah is being goaded into all-out conflict with Israel – the consequences would be devastating for all – https://theconversation.com/a-weakened-hezbollah-is-being-goaded-into-all-out-conflict-with-israel-the-consequences-would-be-devastating-for-all-239469

    MIL OSI – Global Reports

  • MIL-OSI New Zealand: ANZ continues to support Hyundai Motor Company’s EV Manufacturing with USD1.35b Green ECA facility

    Source: ANZ statements

    ANZ has successfully closed an USD1.35b Green Labeled K-Sure covered Term Loan Facility for Hyundai Motor Group, funding its first electric vehicle (EV) manufacturing plant in the US, as the world’s third largest car manufacturer continues to invest in the country.

    It will help accelerate Hyundai Motor Company’s electrification strategy with an expected manufacturing capacity of 300,000 units annually at its Georgia Metaplant complex.

    The Green Export Credit Agency (ECA) backed loan adheres to LMA Green Loan Principles, and reinforces ANZ as a key financing partner for Hyundai Motor Group, acting as ECA and Green Loan Coordinator, Mandated Lead Arranger, and Bookrunner on its past three mandates.

    Aaron Ross, ANZ’s Global Head of Project, Export & Asset Finance said, “These deals underscore ANZ’s market-leading position in the Korean ECA sector, delivering low risk, capital-efficient and high-returning facilities that meet our customer needs. We have executed four major EV sector transactions backed by Korean ECAs in the past five years.

    “We’re proud to play a role in supporting Hyundai Motor Group’s capital expenditure initiatives as it strives to become a global leader in electric vehicle manufacturing. Leveraging our expertise across Korea, Japan, Singapore, Indonesia and the US, we have been able to consistently deliver smart solutions by integrating sustainable finance to meet Hyundai Motor Group’s strategic and evolving needs,” Mr Ross said.

    Previous deals with Hyundai Motor Group include:

    • USD 940 million K-Sure-backed deal for Hyundai Mobis’ EV parts plant located within the Georgia Metaplant complex
    • USD 711 million ECA financing to establish South-East Asia’s first and largest EV battery manufacturing facility in Indonesia
    • SGD 230 million green loan to finance the Hyundai Motor Group Innovation Center in Singapore

    ANZ has set a target to fund and facilitate at least $A100 billion by the end of FY2030, including $A15 billion by end FY2024, in social and environmental outcomes through customer activities and direct investments by ANZ. This includes initiatives that aim to help lower carbon emissions, protect nature, increase access to affordable housing and promote financial wellbeing, as described in the target methodology.

    MIL OSI New Zealand News

  • MIL-OSI China: China’s manufacturing industry delivers new momentum

    Source: China State Council Information Office

    Qijiang-2 humanoid robot hands an orange to a visitor at the 2024 World Manufacturing Convention in Hefei, east China’s Anhui Province, Sept. 20, 2024. [Photo/Xinhua]

    With a human build and sleek appearance, the 1.8-meter-tall Qijiang-2 is captivating visitors in the exhibition hall of the 2024 World Manufacturing Convention as it can mimic human movements with remarkable precision.

    The humanoid robot, developed by Anhui Provincial Key Laboratory of Humanoid Robots, is certainly hogging the spotlight at the convention, which opened on Friday and will continue until Monday in Hefei, the capital of east China’s Anhui Province.

    Equipped with advanced sensors and intricate inertial measurement units, Qijiang-2 can perform delicate tasks such as folding clothes, opening bottles, wiping dishes and navigating uneven terrain.

    But it’s more than just a mechanical marvel. Beyond its physical capabilities, the robot also has decision-making features, including intelligent user recognition and secure access for authorized users.

    “In the future, these humanoid robots will be able to adapt to both industrial production and elderly care scenarios, serving as robot workers and robot caregivers,” said Liu Houde, director of the laboratory.

    Qijiang-2 and other cutting-edge exhibits like the Jiuzhou Yunjian Longyun rocket engine and the Origin Wukong superconducting quantum computer are demonstrating China’s breakthroughs in frontier technologies at the event, as well as its potential in the field of high-tech manufacturing.

    The gathering of leading global enterprises and industry experts has also reflected China’s commitment to advancing international cooperation and working with other countries to address the challenges and opportunities in global manufacturing development.

    “After 30 years of development in China, Continental AG values not only China’s market volume but also advanced technologies,” said Enno Tang, president and CEO of Continental China.

    With comprehensive industrial categories and a well-rounded manufacturing system, China has attracted global firms to strengthen their investment in the country.

    An aerial drone photo taken on Aug. 20, 2023 shows a view of Volkswagen (Anhui) Automotive Company Limited in Hefei, east China’s Anhui Province. [Photo/Xinhua]

    Volkswagen Group in April announced an investment of 2.5 billion euros (about 2.8 billion U.S. dollars) in expanding its production and innovation hub in Hefei to increase its pace of innovation in China.

    The company also vowed to accelerate the production of two Volkswagen-brand smart electric vehicles (EVs), which are currently under joint development with Chinese manufacturer Xpeng.

    A deal reached in 2023 between the two companies gave Volkswagen access to Xpeng’s technologies, including its advanced driving assistance system, as the German carmaker made efforts to tap into China’s fast-growing EV market.

    The landmark cooperation agreement between Xpeng and Volkswagen testified to the willingness of China’s auto industry to share its technologies with the world, according to Xpeng CEO He Xiaopeng.

    As the world’s economic landscape evolves, China is stepping up efforts to collaborate with international enterprises, aiming to inject fresh momentum into the global manufacturing sector and accelerate the shift toward high-quality growth.

    This photo taken on Nov. 9, 2023 shows the booth of Schneider Electric at the 6th China International Import Expo in Shanghai, east China. [Photo/Xinhua]

    In the city of Xiamen in east China’s Fujian Province, construction on the Schneider Electric Xiamen Industrial Park began in April.

    China is Schneider Electric’s second-largest market globally, one of its most important supply chain bases, and one of its four global R&D hubs.

    After its completion, the park will be the French multinational’s biggest manufacturing facility for medium voltage equipment anywhere in the world, and some of its products will be supplied to overseas markets.

    The park will be a major R&D center, manufacturing center and supply hub through which the company will serve the global medium voltage market, according to Vincent Bruneau, vice president of Schneider Electric’s Global Supply Chain China.

    Through a combination of innovation-driven policies, open market access and strategic partnerships, China continues to strengthen its position as a key player in global manufacturing.

    “China has been advancing its manufacturing sector by focusing on high-end, intelligent, green development while increasing its efforts in technological innovation to unlock broader markets,” said Wan Hongxian, a professor at the Anhui University of Finance and Economics.

    “China’s manufacturing sector provides a highly promising market for global high-end equipment. Moreover, its advanced production capabilities and responsiveness to market demand enable the development of more high-quality products, delivering tangible benefits to consumers worldwide,” Wan added.

    MIL OSI China News

  • MIL-OSI Australia: Additional humanitarian assistance for Gaza and the West Bank

    Source: Australian Government – Minister of Foreign Affairs

    Australia will provide an additional $10 million in response to the ongoing humanitarian crisis in Gaza and the West Bank.

    The funding will be directed to UNICEF and UNFPA and will provide lifesaving assistance, with a focus on women and girls, including the delivery of nutrition support, as well as hygiene and dignity kits.

    Since 7 October, Australia has committed $82.5 million in humanitarian assistance to address essential needs in Gaza and the West Bank and respond to the protracted refugee crisis in the region.

    Australia continues to push for safe, rapid and unimpeded humanitarian assistance to people in desperate need, and for all aid workers to be protected.

    Quotes attributable to Minister for Foreign Affairs, Senator the Hon Penny Wong:

    Australia’s support will help address the dire humanitarian situation with the delivery of nutrition and essential hygiene and health products.

    Rapid, safe and unimpeded humanitarian relief must reach civilians, and aid workers must be protected to enable their lifesaving work.

    “We continue to press for a ceasefire, the protection of civilians and the release of hostages.”

    Quotes attributable to Minister for International Development and the Pacific, the Hon Pat Conroy MP:

    “The situation in Gaza is catastrophic. Civilians should not be made to pay the price for the horrendous acts of others. The suffering must stop.”

    “We support the ceasefire endorsed by the UN Security Council and want to see it fully implemented by both parties. Any delay will only see more lives lost.”

    MIL OSI News

  • MIL-Evening Report: The United Nations has a plan to govern AI – but has it bought the industry’s hype?

    Source: The Conversation (Au and NZ) – By Zena Assaad, Senior Lecturer, School of Engineering, Australian National University

    saiko3p/Shutterstock

    The United Nations Secretary-General’s Advisory Board on Artificial Intelligence (AI) has released its final report on governing AI for humanity.

    The report presents a blueprint for addressing AI-related risks while still enabling the potential of this technology. It also includes a call to action for all governments and stakeholders to work together in governing AI to foster development and protection of all human rights.

    On the surface, this report seems to be a positive step forward for AI, encouraging developments while also mitigating potential harms.

    However, the finer details of the report expose a number of concerns.

    Reminiscent of the IPCC

    The UN advisory board on AI was first convened on October 26, 2023. The purpose of this committee is to advance recommendations for the international governance of AI. It says this approach is needed to ensure the benefits of AI, such as opening new areas of scientific inquiry, are evenly distributed, while the risks of this technology, such as mass surveillance and the spread of misinformation, are mitigated.

    The advisory board consists of 39 members from a diversity of regions and professional sectors. Among them are industry representatives from Microsoft, Mozilla, Sony, Collinear AI and OpenAI.

    The committee is reminiscent of the UN’s Intergovernmental Panel on Climate Change (IPCC) which aims to provide key input into international climate change negotiations.

    The inclusion of prominent industry representatives in the advisory board on AI is a point of difference from the IPCC. This may have advantages, such as a more informed understanding of AI technologies. But it may also have disadvantages, such as biased viewpoints in favour of commercial interests.

    The recent release of the final report on governing AI for humanity provides a vital insight into what we can likely expect from this committee.

    What’s in the report?

    The final report on governing AI for humanity follows an interim report released in December 2023. It proposes seven recommendations for addressing gaps in current AI governance arrangements.

    These include the creation of an independent international scientific panel on AI, the creation of an AI standards exchange and the creation of a global AI data framework. The report also ends with a call to action for all governments and relevant stakeholders to collectively govern AI.

    What’s disconcerting about the report are the imbalanced and at times contradictory claims made throughout.

    For example, the report rightly advocates for governance measures to address the impact of AI on concentrated power and wealth, geopolitical and geoeconomic implications.

    However, it also claims that:

    no one currently understands all of AI’s inner workings enough to fully control its outputs or predict its evolution.

    This claim is not factually correct on many accounts. It is true that there are some “black box” systems – those in which the input is known, but the computational process for generating outputs is not. But AI systems more generally are well understood on a technical level.

    AI reflects a spectrum of capabilities. This spectrum ranges from generative AI systems such as ChatGPT, through to deep learning systems such as facial recognition. The assumption that all these systems embody the same level of impenetrable complexity is not accurate.

    The inclusion of this claim calls into question the advantages of including industry representatives in the advisory board, as they should be bringing a more informed understanding of AI technologies.

    The other issue this claim raises is the notion of AI evolving of its own accord. What has been interesting about the rise of AI over recent years is the accompanying narratives which falsely position AI as a system of agency.

    This inaccurate narrative shifts perceived liability and responsibility away from those who design and develop these systems, providing a creative scapegoat for industry.

    Despite the subtle undertone of powerlessness in the face of AI technologies and the imbalanced claims made throughout, the report does positively progress the discourse in some ways.

    A small step forward

    Overall, the report and its call to action are a positive step forward because they emphasise that AI can be governed and regulated, despite contradictory claims throughout the report which imply otherwise.

    The inclusion of the term “hallucinations” is a salient example of these contradictions.

    The term itself was popularised by OpenAI’s chief executive Sam Altman when he used the term to reframe nonsensical outputs as part of the “magic” of AI. Hallucinations is not a technically accepted term – it’s a creative marketing agenda. Pushing for governance of AI while simultaneously endorsing a term which implies a technology that cannot be governed is not constructive.

    What the report lacks is consistency in how AI is perceived and understood.

    It also lacks application specificity – a common limitation among many AI initiatives. A global approach to AI governance will only work if it is able to capture the nuances of application and domain specificity.

    The report is one step forward in the right direction. However, it will need refinement and amendments to ensure it encourages developments while mitigating the many harms of AI.

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

    ref. The United Nations has a plan to govern AI – but has it bought the industry’s hype? – https://theconversation.com/the-united-nations-has-a-plan-to-govern-ai-but-has-it-bought-the-industrys-hype-239494

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: Deputy Secretary-General’s remarks at the open dialogue on “Strengthening Financing for the SDGs: High-level Dialogue between MDB Heads and UN Member States” [as prepared for delivery]

    Source: United Nations secretary general

    Excellencies, Ladies and Gentlemen,

    I am thrilled to be with you all at this high-level dialogue.

    We meet at a pivotal time.

    The SDGs are off-track. Hunger is rising. Fossil fuel use and global temperatures have reached unprecedented new highs. Conflicts are spreading. And the fight for gender equality has stalled.

    Meanwhile, financing gaps are large and growing.

    Multilateral Development Banks are a critical part of the solution to salvage the SDGs and spur progress towards the future we want and need.

    MDBs are an essential source of affordable, long-term finance to developing countries.

    They provide vital countercyclical support in times of crisis.

    And they are uniquely capable of mobilizing other sources of finance with the SDGs, including private investments.

    But to fulfill this role effectively, MDBs must become bigger, better and bolder.

    This message is being clearly articulated by Member States at the Summit of the Future.

    In the Summit’s Pact, Member States welcome the reforms taking place across the MDB system, while declaring that further reforms are urgently needed.

    What we will hear today is that MDBs are rising to this challenge.

    This meeting provides a unique opportunity for MDB Principals to share their vision for reform, explain how it can accelerate SDG action, and take stock of progress.

    They will also explain where they need your support to push their reforms – and impact – further.

    I’m delighted that the MDB Principals are delivering these messages here – in New York, the home of the SDGs – and now, against the backdrop of the Summit of the Future.

    This sends a powerful message of the bridges we are building between the UN and MDBs, between New York and Washington DC, and between Ministries of Finance and Ministries of Foreign Affairs.

    Over the coming months, the UN will be working with our MDB partners to agree on further steps to increase development finance and to reform the international financial architecture, as we prepare for the

    Fourth International Conference on Financing for Development in Spain in 2025.

    This is our once-in-a-decade opportunity to transform financing to serve sustainable development everywhere.

    The United Nations is proud to be travelling this path with you.

    Thank you.

    MIL OSI United Nations News

  • MIL-OSI Economics: At UNGA79, African Development Bank affirms standing as champion of Africa’s prosperity

    Source: African Development Bank Group
    As the world convenes in New York this week for the United Nations General Assembly (UNGA 79), Africa’s 1.2 billion people will be counting on their participating leaders and pan-African institutions like the African Development Bank Group to lead the…

    MIL OSI Economics

  • MIL-OSI New Zealand: Two operators selected for new e-scooter licences in Auckland

    Source: Auckland Council

    Auckland Council has selected two providers to receive new rental micromobility licences in Auckland.  

    Of the seven licence applications received, the chosen providers are current operator Lime and the New Zealand-owned Flamingo. Both will be licensed for a two-year period from 4 November 2024. 

    Auckland Council’s Manager of Licensing and Environmental Health, Mervyn Chetty, says the council received a number of strong applications, with the chosen providers demonstrating a commitment to safety initiatives and reducing nuisance.   

    “Both Lime and Flamingo have a history of operating in Auckland and around New Zealand. Their applications represented the best offering for Aucklanders, with both committing to a range of initiatives to support public transport connections, improved parking and safer riding.” 

    “We look forward to continuing our relationship with Lime and welcoming back Flamingo, which currently operates in a number of New Zealand cities and has been licenced in Auckland previously.”  

    Fewer operators but allocations the same

    The current e-scooter allocation in Auckland is 3000 in total, with 900 in tier 1 (city centre), 900 in tier 2 (city fringe) and 1200 in tier 3 (suburban). This allocation will remain the same from November 4, but with the allocation split across the two providers.

    “Having just two operators allows riders to easily find a device with their preferred provider, as well as allowing us to monitor and work with providers more closely,” says Mr Chetty.  

    Lime and Flamingo will each be allowed 900 devices split across tiers 1 and 2. In tier 3, Lime will have 700 devices and Flamingo will have 500.  

    Rental Micromobility Code of Practice 

    Throughout the current licensing period the council has identified improvements that can be made to the Rental Micromobility Code of Practice to better manage operator compliance and influence user behaviour. 

    Changes to the rental micromobility code of practice will include: 

    • Faster response times required to rectify non-compliant parking, reduced from 90 to 75 minutes in tier 1 (city centre) and tier 2 (city fringe).  
    • Faster response times to rectify toppled scooters, reduced from 90 to 75 minutes in tiers 1 and 2. 
    • Strengthened data provisions.  

    E-bikes 
     
    From 4 November the council will no longer license rental e-bikes. Previous e-bike licences saw a low number of trips, with operators having removed all rental e-bike devices from the streets. 

    Operators have committed to work with Auckland Council and Auckland Transport to develop a strategy to successfully bring rental e-bikes back to Tāmaki Makaurau. 

    Assessment of applications 

    Applications were assessed against the requirements of the Public Trading, Events and Filming Bylaw 2022 and Auckland Transport’s Activities in the Road Corridor Bylaw 2022, and were considered to ensure that the applicants could demonstrate their ability to comply with the Rental Micromobility Code of Practice (version 3).  

    Find out more 

    Visit the council’s micromobility web page to find out more about rental e-scooters in Auckland.  

    MIL OSI New Zealand News

  • MIL-OSI China: US blasted for high subsidies to PV sector

    Source: China State Council Information Office

    The China Photovoltaic Industry Association has expressed serious concerns about and strong opposition to the United States’ distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products.

    It said the US moves are hampering international cooperation in the fight against climate change.

    The trade body said in a recent statement that the US has built high walls of protectionism by imposing multiple trade restrictions and continuously increasing tariff barriers on imported photovoltaic products. In May, for example, the US decided that the import tax on Chinese solar cells would rise from 25 percent to 50 percent.

    The association also pointed out that the US implemented exclusive and discriminatory industrial policies through legislation such as the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, and subsidized its own photovoltaic industry on a large scale.

    “The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion to support investments and production in the clean energy sector, including domestic PV products, aiming to reconstruct the PV industry chain,” said the trade body’s statement.

    On May 16, the US Department of Energy announced $71 million investment to fund the Silicon Solar Manufacturing and Dual-Use Photovoltaics Incubator Program ($27 million) and the Advancing US Thin-Film Solar Photovoltaics Funding Program ($44 million), aiming to close the gaps in PV supply chain manufacturing capabilities, the association added.

    Such moves violated multilateral trade rules and severely distorted the market operations of the global supply chain of the PV industry, according to the statement.

    Experts and business leaders said that while subsidies are common globally in the new energy industry, the US strategy of raising tariffs under anti-subsidy pretexts and financially backing domestic companies is a double standard, with the aim of hindering Chinese solar companies from capturing global market share.

    They said that Chinese-made solar and wind power equipment has facilitated the widespread adoption of affordable renewable energy worldwide, contributing to a global shift toward green development, adding that collaboration among global economies is essential for mutual gains in the sector.

    Cui Fan, an international trade professor at the University of International Business and Economics in Beijing, said that policy interventions are necessary globally to address market flaws in advancing new energy. Solely relying on market forces could significantly delay global decarbonization progress by 20 to 30 years, which would be out of sync with the pace of global green initiatives, he added.

    “However, in the WTO framework, subsidies must adhere to specific conditions, including avoiding unjust discrimination. The US’ Inflation Reduction Act breaches this by favoring US products over Chinese imports,” Cui said.

    Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University, said that the US’ high subsidies for its new energy industry, as well as its consistent raising of tariffs on Chinese goods under anti-subsidy pretexts, showcase a US double standard.

    Song Hao, assistant vice-president at GCL Technology Holdings, said the US’ contradictory actions of restricting imports under anti-subsidy pretexts while heavily supporting domestic solar industries were undermining fairness.

    Lin said: “Although the US has continuously raised trade barriers, it has limited impact on the Chinese solar industry, as China’s direct exports to the US are relatively small. Chinese companies have diversified investments globally, forging stronger ties with Europe, the Middle East and other regions to explore new opportunities.”

    The US was not among the top 10 markets for China’s solar module exports in the first half of this year, while Europe and Asia collectively accounted for over 80 percent of these exports, according to the China Photovoltaic Industry Association. Solar modules accounted for 87 percent of China’s total PV product exports in terms of value, it added.

    MIL OSI China News

  • MIL-OSI China: Smart tourism applications offer unique experiences

    Source: China State Council Information Office 2

    People visit the 2024 China Culture and Tourism Industries Exposition in north China’s Tianjin, Sept. 13, 2024. [Photo/Xinhua]
    Wearing an elegant white dress, Umuhoza, a Rwandan businesswoman, took a photo in front of a smart photo device, which soon generated a photo depicting her as a valiant and chivalrous female with traditional Chinese features.
    “When people travel to China, they really want to take memories back home. The device can take a picture of you and then transform you into a Chinese kind of person. I really love it,” Umuhoza said.
    Umuhoza runs a travel website. She helps tourists from Asian countries travel to African countries, including Rwanda, Egypt and Tanzania. At the same time, her website has a “China package,” catering to travelers from Africa who want to go to China.
    At the 2024 China Culture & Tourism Industries Exposition held earlier this month in north China’s Tianjin Municipality, many foreign visitors were overwhelmed by the novel technologies adopted in China’s tourism sector.
    “That’s amazing. I am very interested in autonomous driving cars and many smart tourism scenes. Perhaps new trade cooperation can be carried out in the future,” Umuhoza said.
    Telling people more about China
    Putting on a virtual reality headset, Elena Jitari-Parry, a full-time travel blogger from Moldova, was instantly drawn to various places to experience the magnificent landscapes of China’s mountains and rivers.
    “So beautiful. It felt so authentic here,” Jitari-Parry said.
    She also quickly learned about securing travel tips for exploring Tianjin via an intelligent tourism companion system, which simply requires a person to ask questions at a booth provided by Midu, a company focusing on artificial intelligence and large language models.
    “Traveling in China can be so easy for foreigners! The digitalization and intelligence services of Chinese tourist attractions have become a new trend, enabling foreigners like me to enjoy a more comfortable and convenient travel experience in China,” Jitari-Parry said.
    With the desire to further explore China, Jitari-Parry chose to be a full-time travel blogger, documenting her travels and experiences in China. “Foreigners are very interested in China’s technological development. I always advise my audience to come to China and see something different.”
    The deep integration of technology and the cultural tourism sector not only creates a variety of experiential consumption scenarios, but also meets people’s new needs for personalized travel, immersive experiences and creative consumption.
    Data showed that by the end of 2023, the scale of China’s digital cultural tourism market had exceeded 1 trillion yuan (about 140 billion U.S. dollars), accounting for more than 30 percent of the entire cultural tourism industry.
    Experiencing smart, convenient services
    In the exhibition area of Meituan, one of China’s leading online services platforms, high-end technologies such as drones and autonomous delivery vehicles became the focus of foreign bloggers’ lenses.
    Ruben Diaz Jr. from the United States was amazed by it. “Some of these things are brand new to me. Tourists can specify drones to deliver the items they need directly to the scenic areas, which is definitely more convenient.”
    A staff member at the Meituan booth said that currently Meituan drones are operating on more than 30 routes in cities such as Beijing, Shenzhen, Shanghai and Guangzhou, and have completed over 300,000 orders in total.
    Thanks to the rapid development of smart tourism in China, tourists have become accustomed to using online payments, ticket purchases and guided tours during their travels.
    Data from iResearch, an industry research and consulting institute, showed that in 2023, the total number of monthly uses and total usage time of online travel apps had grown by more than 30 percent year on year on average.
    Some Chinese online travel service companies also use digital technologies to meet the growing travel needs of foreign visitors in China.
    In May, Tongcheng Travel launched an international travel reservation platform named HopeGoo, which supports payments in 16 global currencies and via various operating languages.
    Richard Santana, a product designer and blogger from the United States, said that with these online services, foreigners will be more willing to go to China, while their travels in China will also be more convenient.
    Ma Yiliang, chief statistician of the China Tourism Academy, said that “digitalization plus cultural tourism” has become a development trend.
    As “China Travel” has surged to be a hot global social media topic, demand for inbound tourism to China has increased significantly.
    “With the smarter and more convenient experience in China, foreign tourists can find a more open, more confident and safer China during their travels,” said Ma. 

    MIL OSI China News

  • MIL-OSI China: Paws and Profits: How can foreign enterprises tap into China’s booming pet economy?

    Source: China State Council Information Office 2

    China’s pet economy is showing unprecedented vitality. In 2023, the country’s urban pet cat and dog market reached $39.2 billion. What is driving the continued boom in China’s pet economy? And how can foreign companies capture Chinese consumers’ hearts? In this episode, Sinologist Elsbeth van Paridon, also an editor with CICG Americas, heads to Shanghai to explore the Pet Fair Asia and Royal Canin’s factory to find answers.

    MIL OSI China News

  • MIL-OSI China: Israel has dealt Hezbollah blows ‘it could not have imagined’

    Source: China State Council Information Office

    This photo shows the smoke caused by an Israeli air raid on the course of the Litani River in Litani, Lebanon, on Sept. 21, 2024. [Photo/Xinhua]

    Israeli Prime Minister Benjamin Netanyahu said on Sunday that his country landed “a series of blows” on Hezbollah in recent days that the group “could not have imagined.”

    In a video statement released by his office, Netanyahu warned, “If Hezbollah hasn’t understood the message, I promise you — it will understand the message.”

    He emphasized Israel’s commitment to restoring security in the north, declaring, “We are determined to return our northern residents safely to their homes … We will do whatever it takes to restore security.”

    Overnight, Hezbollah expanded its rocket attacks, targeting areas near Haifa, including the headquarters of Rafael Advanced Defense Systems, Israel’s state-owned defense technology company, and a military airport in Ramat David base, both located in northern Israel.

    Amid the sharp escalation, Israeli Defense Minister Yoav Gallant affirmed that the military, in response, would continue its offensive.

    Gallant, speaking during his visit to an Air Force control center on Sunday morning, said Hezbollah “has begun to feel some of our capabilities,” referencing weekend airstrikes in Beirut that killed at least 37 people, including Ibrahim Akil, acting commander of Hezbollah’s Elite Radwan Force.

    Israel is also believed to be behind a series of attacks earlier this week, which saw thousands of wireless communication devices explode across Lebanon, killing at least 37, including civilians, and injuring thousands.

    In addition, Israeli Foreign Minister Israel Katz released a statement saying he had spoken with “dozens” of foreign ministers, sending a clear message: if the international community does not pressure Hezbollah to withdraw its forces north of the Litani River in southern Lebanon, “Israel will do so.”

    Katz added that the withdrawal of Hezbollah forces is “essential” to create a security zone, allowing Israeli residents near the border with Lebanon to return to their homes.

    The Israeli military announced Sunday in a statement that it is continuing airstrikes in Lebanon and has bombed 400 Hezbollah sites since Saturday. According to Lebanese military sources, at least three people were killed and four others injured on Sunday in intense Israeli airstrikes.

    Amid fears that the cross-border fighting, which began in October last year, will escalate to an all-out war in the Middle East, United Nations Special Coordinator for Lebanon Jeanine Hennis-Plasschaert warned of an “imminent catastrophe” in the region.

    “With the region on the brink of an imminent catastrophe, it cannot be overstated enough: there is NO military solution that will make either side safer,” she wrote on the social media platform X.

    MIL OSI China News

  • MIL-OSI China: Foreign firms urged to help pool wisdom for Shanghai

    Source: China State Council Information Office

    Amid Shanghai’s continued efforts to deepen international cooperation in terms of research and development, multinational companies should be better integrated into the city’s innovation network, which would be conducive to the city’s high-quality development, said officials and company executives.

    They made the remarks on Sunday during the 36th International Business Leaders’ Advisory Council for the Mayor of Shanghai.

    Chen Jining, Party secretary of Shanghai, said that as technological innovation has been playing an increasingly important role in driving economic growth, Shanghai will expand its science and technology exchanges with other markets.

    Efforts will be made to develop offshore technological innovation, Chen said, adding that a foundation to advance coordinated technological innovation at a global level will be built in Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone.

    International organizations are also encouraged to set up branches in the city, and all these steps are aimed at nurturing an open, fair, just and nondiscriminatory environment for technological innovation, he said.

    Shanghai Mayor Gong Zheng said the scientific research paradigm is undergoing profound changes amid the new round of technological and industrial revolution, and coordination and cooperation are crucial against this backdrop.

    Shanghai will implement a global technology partner plan, and will also actively participate in, nurture and initiate international large-scale scientific projects, he said.

    Multinational companies will be encouraged to set up international R&D centers and open innovation centers in the city, and will be deeply integrated into Shanghai’s local innovation network, Gong added.

    As of June, 985 multinational companies had set up their regional headquarters in Shanghai, and the number of foreign-funded R&D centers reached 575, according to the municipal government.

    Severin Schwan, chairman of the board of directors of Swiss healthcare company Roche Group, said that openness, innovation and collaboration are important for Shanghai’s high-quality development, particularly in the wake of geopolitical tensions and market uncertainties.

    Multinational companies can tap into the sectors of healthcare, science and technology, and the digital economy more deeply, said Schwan, who is also chairman for this year’s International Business Leaders’ Advisory Council.

    Dominic Barton, chairman of multinational mining company Rio Tinto, said the private sector has been contributing substantially to research projects, and this is a global trend.

    Miguel Lopez, CEO of German industrial and engineering conglomerate Thyssenkrupp AG, suggested that Shanghai could place great importance on and fully utilize multinational companies’ industrial expertise, global networks, international experience and innovative resources.

    The International Business Leaders’ Advisory Council was initiated in 1989 and has grown into a think tank for Shanghai mayors over time.

    This year’s meeting was attended by top executives of 34 multinational companies from 13 countries.

    MIL OSI China News

  • MIL-Evening Report: The pressing case for a new emergency visa to help people fleeing Gaza and other conflicts

    Source: The Conversation (Au and NZ) – By Jane McAdam, Scientia Professor and ARC Laureate Fellow, Kaldor Centre for International Refugee Law, UNSW Sydney

    Recent conflicts in Afghanistan, Ukraine, Sudan and Gaza have displaced large numbers of people. In each case, Australia’s humanitarian response has been different. Some people have been able to acquire a visa and travel to Australia relatively easily; others have been stuck.

    Once here, wildly varying visa entitlements mean some people have access to work rights, health care and other services; others are barely surviving.

    In a new policy brief, we argue the Australian government should create a new emergency visa for humanitarian crises.

    We believe the government needs a more streamlined, equitable, predictable and effective response to assist people facing a real risk of persecution, extreme danger or other serious harm.

    An ad hoc approach to emergencies

    To date, Australia has used at least 25 different types of visas to respond to humanitarian emergencies. This has resulted in varying outcomes for those affected, as well as significant distress for diaspora communities in Australia concerned for the safety and welfare of loved ones stuck abroad.

    While the use of different visas has provided the government with flexibility, it has led to ad hoc and inconsistent approaches. It has also added to challenges and inefficiencies within the visa processing system.

    For instance, no special humanitarian visa has been announced for people fleeing conflicts in Gaza or Sudan, though Tony Burke, the new minister for Home Affairs, has indicated he is looking at ways to allow Palestinians to stay here longer.

    Large numbers of Palestinians have been refused visitor visas due to security concerns and, arguably, the politicisation of humanitarian assistance.

    In any case, visitor visas are far from an ideal response in such cases. They are intended for a short, temporary period and do not give people access to any government services or social supports.

    What’s wrong with other existing visas?

    One of the problems with existing visas is that even those designed for emergencies can be too slow to provide urgent protection. In addition, they typically help only a small number of individuals in immediate danger.

    Many visas are issued on a wholly discretionary basis. People must be invited to apply for them, and they cannot transition to a more permanent visa unless the minister permits them to do so.

    In some cases, special visa arrangements have been created for particular groups of people, such as Kosovar refugees in the late 1990s. By contrast, no special humanitarian visa regime has been created for people fleeing conflicts in Gaza or Sudan.

    The visa situation does not need to be this complicated. Yes, it can be reassuring for people to know there is more than one way to find safety in Australia. However, a preferable option would be to have an emergency visa that enables people to reach Australia lawfully and quickly, with a clear pathway to a long-term solution.

    What should an emergency visa look like?

    An emergency visa should enable people at risk to travel to Australia quickly and safely. Eligibility should be determined on the basis of sound and defensible principles, and guided by good practices from other countries and our own history.

    For example, the government could identify eligible classes of people in need of humanitarian emergency visas. Relatives and diaspora communities in Australia could assist in identifying those with connections to Australia (such as family members, past residents and people with links to Australian companies or organisations).

    This recommendation aligns with past practices of designating a particular cohort of people for protection. For instance, Australia’s former special assistance visa category (in use from 1991–2000) provided resettlement opportunities to categories of people with connections to Australia. This included those from the former Yugoslavia and Soviet Union, East Timor, Lebanon, Sudan, Myanmar, Vietnam, Sri Lanka and Cambodia, as well as Ahmadi Muslims.

    An emergency visa should provide for an initial stay of 12 months. While this is shorter than some comparative visas, it would provide some certainty for people and allow for a reassessment of the circumstances in their country of origin after a year. At this point, they could either return voluntarily. Or, if it’s not safe to do so, they could be granted a pathway to permanent residence in Australia.

    Emergency visas should also provide immediate access to services (including Medicare and Centrelink), as well as work and study rights, language and cultural support, and assistance with accommodation. Access to work and study rights would enable visa holders to support themselves and alleviate the demands on relatives, community organisations, social service agencies and the government.

    Furthermore, anyone who is in Australia when a humanitarian emergency occurs in their home country should be granted an automatic visa extension or a bridging visa with the same conditions. This should not adversely affect their ability to apply for a different visa, including a protection visa.

    Why a more predictable system is important

    Establishing this kind of system would enable refugees fleeing conflict to rebuild their lives in Australia relatively quickly.

    It would likely encourage people to take steps to get their qualifications recognised and seek jobs commensurate with their skills – benefiting both themselves and the Australian community.

    It would also provide them with both legal and psychological security by removing the uncertainty and precarity of being stuck in a prolonged temporary status. Our research has shown this is detrimental to people’s mental health and wellbeing.

    Australia has an opportunity to take a bold, dynamic and forward-looking approach that would show real leadership in responding to humanitarian emergencies in a timely, well-considered and compassionate manner.

    Jane McAdam receives funding from the Australian Research Council. She is a member of the expert sub-committee of the Ministerial Advisory Council on Skilled Migration.

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

    ref. The pressing case for a new emergency visa to help people fleeing Gaza and other conflicts – https://theconversation.com/the-pressing-case-for-a-new-emergency-visa-to-help-people-fleeing-gaza-and-other-conflicts-238877

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Municipality makes life easier for foreign talent

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

    Shanghai issued 13 measures on Friday to improve services for overseas talent attracted to the city.

    The measures, unveiled at the Fourth Shanghai Talent+ Summit, include streamlined procedures for obtaining visas, residence permits, permanent residency, work permits and financial services. For example, those who possess doctorates and others deemed to be outstanding foreign talent will benefit from streamlined procedures when applying for permanent residency.

    An official surnamed Liu, who is in charge of services for foreign experts at the Shanghai Municipal Bureau of Talent Work, said that everyone from overseas who worked in Shanghai used to have to go to two different government departments to apply for a foreigner’s work permit and a residence permit.

    Liu said the two services were combined at one window several years ago for category A talent, and that will now be extended to all talent from overseas.

    Category A talent includes those who are employed by world-leading companies and research institutions, laureates of international prizes, those who possess innovative technological inventions or patents, and postdoctoral fellows below the age 40.

    The new measures will also optimize services for expat talent in scientific research, innovation and entrepreneurship, medical care, travel and online and social integration.

    At the summit, people from across Shanghai presented business plans in a contest designed to highlight their innovation and entrepreneurship. A section for expats was included for the first time this year.

    “Shanghai is a role model in inspiring entrepreneurs from home and abroad to put their business plans into reality in a positive and speedy way,” said Benoit Dubuis, president of the Swiss Academy of Engineering Sciences and also director of the Sino-Swiss Institute of Advanced Technology at Shanghai University, which is promoting the integration of some cutting-edge disciplines, including microelectronics, biomedicine and artificial intelligence.

    “Many businesses launched by expats in Shanghai increase investment or invest in other entrepreneurial projects if they succeed,” Dubuis said. “This part is critical to the development of the local business environment.”

    MIL OSI China News

  • MIL-OSI China: Families fired up about ceramics

    Source: China State Council Information Office 3

    Like most, Sun Lixin, the eldest child in the family-run businesses in Jingdezhen, east China’s Jiangxi province, was born with a mission — succession.

    The firstborn son was followed by a brother and a sister in a family that has made porcelain for four generations and was trained to inherit the family’s ceramic making skills since he was a child.

    His father, Sun Tongxin, has a masterly skill for blue and white painting on porcelain and was a trailblazer in splash ink painting on ceramic panels, blending the innovative contemporary high-temperature technique with the expressive methods of traditional Chinese blue and white ink painting. One of Sun Sr’s pieces was collected by the Palace Museum in Beijing.

    Ink color is one of the color painting decoration methods of ceramics. It refers to a kind of porcelain painting technique that uses thick or bright black as the main colorant to paint on ceramics, presenting a light-black ink effect. It has a strong literati charm and an artistic appeal, showing an elegant and simple, green and subtle aesthetic feeling.

    “I grew up in an environment surrounded by ceramics and ceramists,” Sun Lixin, 57, said.

    He recalled that he did homework at the workshops where his parents worked when primary school finished. The three went home together after the adults got of work.

    In 1976, then premier Zhou Enlai decreed the protection for traditional craftsmanship of porcelain production.

    Thanks to the regulation, a group of teens in Jingdezhen was recruited by the local 10 state-owned porcelain factories to be trained in pottery-making techniques.

    “Though being wet behind the ears, I was thrilled to be an apprentice in a state-owned factory,” Sun Lixin said.

    He was only 13.

    “I liked to learn how to make ceramics, such as drawing, throwing and painting as many of my peers were also in the factory,” he said.

    Sun Lixin’s teacher was his father, who was very strict with the naughty boy. Luckily, his peer apprentices, in his words, learned from their parents’ friends, who were very friendly.

    “I was always sniveling as my father bawled me out for doing things frolicsome with other children,” Sun Lixin said. “One day, I ran away from home, saying to myself that I was damned if I was going to do pottery again.”

    However, he had no choice but to return home and continue his apprenticeship and his father had more teachers for the boy to sharpen his skill of Chinese painting.

    Sun Lixin was a fast learner and became a skilled porcelain painter.

    Time of change

    But things turned bad in Jingdezhen in the late 1980s and early 90s as all the workers were laid of due to the restructuring of the state-owned factories. Sun Lixin and other potters had to do something else to make a living.

    An entrepreneur from Guangzhou, South China’s Guangdong province, invited Sun Lixin to work for him, offering a fat salary of more than 2,000 yuan ($275) a month.

    “His offer is very impressive to me. You know, I earned a monthly income of only 300 yuan in Jingdezhen at that time,” Sun said.

    His parents were also among the massive layoffs, instead bringing home the bacon by drawing for some local people who were the first to run their own porcelain workshops.

    Sun Lixin returned to Jingdezhen from Guangzhou when he was told that his grandfather was fatally ill.

    “I am his firstborn grandson, whom the big family has great expectation on,” Sun said.

    He took with him all the money he had saved over several years in Guangzhou and rebuilt the kiln that the family had before 1949.

    Most of the Sun family members are artisans. Sun Lixin’s uncle has a mastery of porcelain pigments.

    In January 1975, the Jingdezhen-based ceramic research institute affiliated to China’s former ministry of light industry was assigned the special mission of making porcelain for Chairman Mao Zedong. More than 100 sets of porcelain, or nearly 10,000 pieces, which were coded as 7501, were produced in a year.

    Sun Lixin’s mother, who is specialized in underglaze polychrome enamels, was in the team for the important assignment.

    “In my childhood, I saw my mom doing underglaze enameling on a very thin piece in the middle of night. There was a slight sound of cracking. I saw a tear rolling down her cheek,” Sun Lixin recalled compassionately.

    “Flaws make porcelain prices drop, so no single flaw is allowed on ceramic pieces,” he said.

    But Sun has kept piles of porcelain wares with flaws, which, in his words, remind him of the time and effort his parents invested.

    “Hard work and dedication is the character of the Sun family to the core. I have a sense of purpose for making the family craftsmanship better,” Sun Lixin said.

    Family craftsmanship

    He is devoted to making the Sun’s kiln not only a workshop but also a place for doing research on ceramic making.

    Sun Lixin’s modern aesthetic perfectly complements the craftsmanship of the classic designs from Chinese ink painting.

    His ceramic panels are widely collected by museums such as the Israel Museum in Jerusalem, as well as individuals. He is one of the inheritors of intangible cultural heritage conferred by the Jingdezhen authorities.

    In 2006, the Jingdezhen ceramic hand-making technique was included in the first batch of traditional skills in China’s national intangible cultural heritage list. There are 1,899 inheritors of Jingdezhen’s intangible cultural heritage, more than 90 percent of whom are engaged in the inheritance of ceramic hand-making skills.

    When Sun Lixin found that his son was not into the porcelain making, he and his wife decided to have one more child. They had a daughter when Sun Lixin was 41.

    The girl’s early interest in drawing gives her parents and grandparents pleasure. “It seems that drawing is in her bones. She is making sketches much better than I do,” Sun Lixin said as he beamed with pride.

    While his 24-year-old son was studying biological engineering in Dalian city in Northeast China’s Liaoning province, his daughter, 16, is learning fine art in Beijing.

    As the intangible cultural heritage inheritor, Sun Lixin is taking on six young people as his apprentices. They learn to draw the traditional Chinese patterns such as lotus, peony, peach, bat and persimmon.

    “These flora and animals used as decorative motifs on porcelain pieces are symbols of traditional Chinese culture, which young people had better have a understanding of,” Sun Lixin said.

    The Bat, for example, represents good fortune, lotus stands for good luck and the peach means longevity.

    “I am obliged to tell them what I know about traditional Chinese culture,” he said.

    Linglong ware

    Lyu Yating, 31, is also the firstborn of a family that makes ceramics for five generations. She has a younger sister who does not find porcelain making appealing, as well as a younger brother who is still a middle school student.

    Shortly after graduating from a university where she studied international business management in the United Kingdom in 2014, the 21-year-old Lyu returned to Jingdezhen to take over the family business. “My mother told me that my father, 62, was out of sorts as he always put his nose to the grindstone,” she said.

    Lyu’s father started the Fuyu blue and white linglong ceramic company in the 1990s when the state-owned porcelain factories could not survive. He recruited all six of his brothers and sisters who were laid off from the factories, as well as other skilled artisans.

    Jingdezhen is the only place where linglong porcelain is produced. Grain-sized holes are hollowed out in the thin roughcast and covered with several layers of glaze when ceramists make linglong porcelain, also known as a “porcelain inlaid with glass”. It is famous for its exquisite carving patterns and glittering, translucent appeal. The process requires a high level of craftsmanship.

    Linglong porcelain is one of the most famous types of ceramics Jingdezhen produces. The others include famille-rose porcelain, blue-white porcelain and color-glazed porcelain.

    Like Sun Lixin, Lyu also grew up at the ceramic-making workshop.

    At that time, she dreamed of doing something different from what her parents did. The young artisan said: “I wanted to be independent.”

    But she has no heart to let her parents down. The Lyu family has a formula for glaze handed down from her great-great-grandfather.

    “After all, I am the eldest child and my father’s technique should be passed on. Our family business is well established in Jingdezhen,” Lyu said.

    She feels a sense of pride when she sees Chinese porcelain, especially items made in Jingdezhen, exhibited in foreign museums.

    Lyu started studying ceramic making comprehensively — the way to make the linglong glaze in particular — shortly after coming back to Jingdezhen.

    “Though I had no experience for ceramic making at that time, I was of intellectual curiosity and thought outside the box,” she said.

    The family business produces daily use porcelain at its production lines. At the same time, Lyu has a team focusing on research and development.

    She and her team have been experimenting with new media to achieve the best effects for linglong porcelain.

    “I want to find a type of glaze that can make the linglong ceramic more beautiful and more translucent,” Lyu said.

    “Fortunately, the production of the daily use ceramics has increased significantly and made big profit so that investment in R&D is possible,” Lyu said.

    New ways forward

    Now the young entrepreneur is dedicating herself to building brands as she knows that her production lines cannot churn out as much as the companies in Dehua, Fujian province, and Chaozhou, Guangdong province. The two places have a pile-it-high-and-sell-it-cheap strategy.

    “I don’t want to be an original equipment manufacturer. Instead, I want to sell our brands overseas,” she said.

    Lyu described herself as a well balanced person who is calm and reasonable and shows good judgment.

    “I hope that products of intangible cultural heritage can be salable rather than merely a symbol. In so doing, people can understand what the charm of intangible cultural heritage is,” Lyu said.

    Lyu, also a designated inheritor of intangible cultural heritage in Jingdezhen, is ambitious to make ceramics that could be handed down from generation to generation.

    “I am grateful to my father who has created such a wonderful company,” she said.

    Her company has four brands; one started by her father and the other three by her. She is pouring a lot of effort into developing products such as coffee and tea sets, jardinieres and copies of antique porcelain.

    In Lyu’s words, the spirit of artisans means their craftsmanship and pursuit of excellence.

    Lyu received offers for graduate study from four foreign universities after her undergraduate education in the UK. When asked whether she regrets not undertaking graduate studies, Lyu said she had no choice but inherit the family business.

    ” Now I am having a great life, and I have no regrets,” she said.

    MIL OSI China News

  • MIL-Evening Report: Harris’ post-debate gains sustained in US polls, but Republicans likely to gain Senate control

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    The United States presidential election will be held on November 5. In analyst Nate Silver’s aggregate of national polls, Democrat Kamala Harris leads Republican Donald Trump by 49.2–46.2. In my previous US politics article last Wednesday, Harris led Trump by 48.9–46.0.

    Joe Biden’s final position before his withdrawal as Democratic candidate on July 21 was a national poll deficit against Trump of 45.2–41.2.

    It’s been nearly two weeks since the September 10 debate between Harris and Trump. In my previous article I was sceptical that Harris’ post-debate gains would be sustained, but they have been.

    The US president isn’t elected by the national popular vote, but by the Electoral College, in which each state receives electoral votes equal to its federal House seats (population based) and senators (always two). Almost all states award their electoral votes as winner takes all, and it takes 270 electoral votes to win (out of 538 total).

    The Electoral College is biased to Trump relative to the national popular vote, with Harris needing at least a two-point popular vote win in Silver’s model to be the Electoral College favourite.

    Harris’ Electoral College win probability fell to a low of 35% on September 9 in Silver’s model, but she has surged back to favouritism with a 54% win probability, up from 43.5% last Wednesday. Silver’s model is now in better agreement with the FiveThirtyEight model, which gives Harris a 62% win probability.

    Pennsylvania is the most important swing state with 19 electoral votes, and Harris now leads there by 1.5 points, gaining 1.4 points since last week. Harris also has narrow leads in Michigan, Wisconsin and Nevada. If Harris wins all states she currently leads in, she wins the Electoral College by 276–262.

    Since my previous US article on Wednesday, Harris has continued to get good national polls and better polls from Pennsylvania and Michigan (15 electoral votes). This explains why she is again the favourite in Silver’s model after Trump had been the favourite from late August until last Thursday.

    In North Carolina, Trump leads by just 0.1 point, but there’s been a scandal about Republican gubernatorial candidate Mark Robinson that broke Thursday, and there haven’t yet been North Carolina polls taken since this scandal. This scandal may hurt Trump in North Carolina, which has 16 electoral votes.

    Favourability ratings and economic news

    Harris now has a barely positive net favourability in the national FiveThirtyEight aggregate, at +0.3, with 46.9% favourable and 46.6% unfavourable. After large early gains, her ratings have improved slowly in the last month. Trump’s net favourability is -10.1, with 52.8% unfavourable and 42.7% favourable; his ratings are barely changed in the last month.

    Trump’s running mate JD Vance is unpopular with a -10.8 net favourable rating, while Harris’ running mate Tim Walz has a +3.8 net favourable, making him the most popular of the four. Biden remains unpopular with a -15.3 net approval. It’s best for Harris if Biden stays out of the headlines.

    In economic news, the US Federal Reserve cut interest rates by 0.5 points last Wednesday, the first time they have been reduced since 2020. Rates had risen from nearly zero to over 5% from 2022 to 2023.

    Silver’s economic index that averages six indicators is currently at +0.10. Many on the left despise the stock market, but its recent performance is offsetting worse data in other indicators.

    Republicans likely to gain Senate control

    Elections for the House of Representatives and Senate will be held concurrently with the presidential election on November 5. Single-member districts are used to elect the 435 House members, with states apportioned House seats on a population basis.

    House terms are only two years, so the last election of the House was at the November 2022 midterm elections, when Republicans won the House by 222 seats to 213 for Democrats on a national popular vote share of 50.0–47.3.

    The FiveThirtyEight aggregate of polls of the national House popular vote has Democrats ahead by 46.7–44.5. If Harris wins, Democrats have a good chance to regain control of the House.

    There are two senators for each of the 50 states. Senators have six-year terms, with one-third up for election every two years. Including independents who caucus with them, Democrats currently control the 100-member Senate by a 51–49 margin.

    This year Democrats and aligned independents will be defending 23 of the 33 regular Senate seats up for election (there will also be a byelection in the safely Republican Nebraska). Trump won West Virginia, Montana and Ohio easily in both 2016 and 2020, and Democrats are defending seats in all three states.

    With the retirement of former Democratic Senator (now independent) Joe Manchin, West Virginia is certain to be a Republican gain at this election, and the Republicans are also well ahead in Montana. If no other seats change hands, gaining West Virginia and Montana will give Republicans a 51–49 Senate majority.

    Democrats are just ahead in Ohio and have larger leads in Senate races in the presidential swing states of Arizona, Wisconsin, Nevada, Michigan and Pennsylvania (all Democratic held). They have outside chances of gaining seats in Florida and Texas.

    Even if Harris wins, Republicans are likely to gain at least a 51–49 Senate majority. The two senators per state rule advantages Republicans as they dominate low-population, rural states.

    If Democrats lose the Senate, even if Harris wins the presidency, Republicans would have a veto over Harris’ legislation, and her cabinet and judicial appointments. That means no left-wing judge would be appointed to the Supreme Court if a vacancy occurred.

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

    ref. Harris’ post-debate gains sustained in US polls, but Republicans likely to gain Senate control – https://theconversation.com/harris-post-debate-gains-sustained-in-us-polls-but-republicans-likely-to-gain-senate-control-239385

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Nokia deploys high-performance cross-border DWDM network for IGC

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia deploys high-performance cross-border DWDM network for IGC

    • Nokia’s Dense Wavelength Division Multiplexing (DWDM) solution was used by IGC to overlay and enhance the existing infrastructure to more effectively manage the growing capacity demand.
    • The new, improved network allows IGC’s customers, including hyperscalers, to benefit from a high capacity, low latency and highly available network.
    • Based on Nokia’s latest photonic service engine (PSE) chipset, Nokia’s DWDM solution will allow IGC to improve its energy efficiency while increasing network capacity and availability.

    23 September 2024
    Bangkok, Thailand – Nokia today announced that International Gateway Company Limited (IGC) has selected Nokia’s next-generation optical transport solution to modernize its existing DWDM network, which connects the East region to Cambodia and the South region to Malaysia. Powered by Nokia’s latest generation Photonic Service Engine (PSE) chipset, the upgraded network will be capable of transmitting 400G per wavelength, enabling IGC to more effectively manage booming traffic demands while ensuring superior data center connectivity for its customers.

    Upon deployment in Bangkok and in the East and South regions, Nokia’s Data Center Interconnect (DCI) solution will enable IGC to cost-effectively meet requirements for a high-capacity, robust network as consumer data demand surges.

    Pichit Satapattayanont, Chief Executive Officer at IGC, said: “Nokia’s cost-effective and resilient DWDM solution, based on coherent technology, will help us delight our hyperscale customers by providing superior connectivity from the Cambodian border to the Malaysian border. We are pleased with the timely and seamless completion of the project and look forward to strengthening our partnership and collaboration with Nokia in the future.”

    Ajay Sharma, Head of Network Infrastructure Sales, SEA North at Nokia, said: “We are thrilled that our industry-leading products and solutions will help IGC fulfil the transmission capacity demands of its customers today and in the future. Our innovative DWDM optical network solution is designed to help service providers cost-effectively enhance network capacity and build resilience while reducing their energy consumption.”

    Resources and additional information
    Website: 1830 Photonic Service Switch (PSS)

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About IGC
    International Gateway Company Limited or IGC is a subsidiary of ALT Telecom Plc., a neutral regional telecommunication and network service provider. IGC was established in year 2017 to provide wholesale bandwidth for both domestic and international traffic via SRT (State Railway of Thailand), EGAT and its nationwide network (so-called GMS network) which has totally about 12,000km of nationwide-optical fiber network and owns NNI (Network to Network Interface) for 12 Active Crossing Borders to connect with total of 42 operators surrounding countries and in Thailand, with extended connectivity to more than 10 well-known data centers in Thailand. Moreover, the Open Access License includes 5 CLSs (Cable Landing Stations) which located in the most strategic locations for the Submarine cable Business in Thailand. With Submarine cable network it will allow IGC to play a major role in the Eastern Economic Corridor Project and bridge the Submarine cable traffic to the GMS Terrestrial network.

    Visit us online at: www.intergateway.co.th and connect us on LinkedIn: International Gateway (IGC)

    Media inquiries
    Nokia Communications, Asia Pacific
    Email: cordia.so@nokia.com

    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
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    The MIL Network

  • MIL-Evening Report: Am I The Asshole? How judging other people’s dirty laundry became the internet’s favourite pastime

    Source: The Conversation (Au and NZ) – By Melanie Myers, Sessional Academic, Creative and Professional Writing, The University of Queensland

    Shutterstock

    You don’t have to be an avid Reddit user to know about r/AITA, or Am I the Asshole? This subreddit’s digital afterlife reaches endlessly across the vast plains of social media – particularly on Facebook, where spin-off pages abound. There are dedicated AITA podcasts, X accounts and copycat columns – even a YouTube series.

    The original forum serves up neatly packaged snippets of other people’s personal dramas. Narcissistic exploits and gobsmacking tales of entitlement dominate the space, alongside run-of-the-mill social quandaries.

    While other subreddits have accumulated larger followings than AITA’s 20 million or so members, it remains one of the most popular and prolific. What makes it such a fertile content mine?

    From social gaffes to workplace spats

    The subreddit has become a place where thousands of users crowd-source “moral clarity” on all manner of grievances.

    It describes itself as “a catharsis for the frustrated moral philosopher in all of us” and “a place to finally find out if you were wrong in an argument that’s been bothering you”.

    The instructions encourage contributors to post about “any non-violent conflict” they’ve experienced. “Give us both sides of the story”, the blurb continues, “to find out if you’re right, or you’re the asshole”.

    Readers vote with the acronyms NTA/NAH (not the asshole/not an asshole), YTA (you’re the asshole) or ESH (everyone sucks here) and explain how they came to their decision.

    AITA posts and responses will often amass thousands of votes within hours.
    Reddit

    Why do we love the drama?

    When VICE’s Amelia Tate surveyed AITA readers in 2019, they reported a range of motivations for engaging with the content:

    Some readers turn to the sub to genuinely ask for advice, others prefer to offer their opinions, while still more tend to lurk silently, judging posts from afar.

    One data-scraping exercise revealed most AITA scenarios centre on relational obligations and uncertainty about what we owe others.

    In other words, the forum taps into our enduring concern with what it means to be “good” or “right”. For active participants, “being right on the internet” is an addictive pursuit indeed.

    But even for the casual reader, AITA serves up boundless material to ponder during lunch breaks, or to litigate with friends and family.

    One reader has described it as the “Jerry Springer for the digital age”. Another calls it a proxy to “eviscerate, trash, shame, and hate people”. Others again are drawn to the forum for a sense of connection.

    Beyond these innately human foibles, though, one blogger has observed how “almost all of these posts are a short story in themselves.”

    A winning storytelling formula

    Most AITA posts follow a recognisable formula. This reliable recipe has served not just the forum, but the internet as a whole, by producing digestible dilemmas for the masses to adjudicate.

    Each post must begin with the shortened form “AITA” or “WITBA” (would I be the asshole), followed by a question that encapsulates their situation. Savvy posters will pose their questions in a way that creates a hook for readers, much like the opening sentence of a gripping novel.

    The parties involved are usually introduced by a relational title with age and gender in parentheses. (For example, “I (23F) have been married to my husband (24M) for three years”.)

    The parties involved are usually introduced by a relational title (such as ‘best friend’ or ‘fiancé’), with age and gender in parenthesis.
    Reddit

    The OPs (original posters) can respond to comments by offering clarification or more information. They may also post an update on their dilemma, subject to moderator approval, to satisfy curious readers keen to know the outcome.

    Shaped through these formal rules and informal conventions, AITA has evolved into a collaborative form of first-person storytelling uniquely suited to online consumption.

    The content’s structure delivers drama in a familiar format that’s simple to repackage via social media, where clicks are currency and attention is fleeting. It also invites the reader, via its offer of moral arbitration, to play a central role in how the “narrative” develops and resolves.

    Cogs in the content-churning machine

    The AITA phenomenon speaks to a broader trend in digital media where user-generated content becomes the raw material for a vast ecosystem of derivative works and discussion.

    As a content mill that churns out close to a thousand posts a day, the subreddit ensures a steady stream of fresh material for other sites to trawl. And the more that other platforms repurpose this content, the more exposure the subreddit gets.

    Political theorist Jodi Dean has described ecosystems like AITA as examples of “communicative capitalism”, where communication itself becomes a commodity or source of profit. Within this system, user-generated content – such as AITA posts and replies – dissolves the line between producers and consumers.

    As a rich and vast source of capital, AITA begs closer inspection. If the value of a story is measured largely in quantitative terms (such as the number of upvotes, comments or shares it generates), does this flatten complex ideas and encourage users to chase engagement, rather than meaningful exchange?

    As we remain attuned to the self-perpetuating nature of digital storytelling, we’re sure to find fascinating – but perhaps uncomfortable – truths about the way human concerns are now reconfigured as cogs in the insatiable digital content machine.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Am I The Asshole? How judging other people’s dirty laundry became the internet’s favourite pastime – https://theconversation.com/am-i-the-asshole-how-judging-other-peoples-dirty-laundry-became-the-internets-favourite-pastime-234475

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Share your ideas for a Takapuna community hub

    Source: Auckland Council

    Would you like to book a sewing machine when returning your library books? How about a sound recording studio or a puzzle corner with a view of the sea? The North Shore community are being asked to share their ideas on what they want for a new community hub destined for the heart of Takapuna.

    The Takapuna Community Hub consultation is open until Monday 7 October 2024 and is part of a project by the Devonport-Takapuna Local Board to renovate the Takapuna Library into a combined library and community hub to meet the needs of the North Shore’s growing and changing population.

    The board is considering options to either renovate the existing two-level building, or to renovate the existing two-levels while adding an additional third smaller level. Both options will provide parking.

    In this consultation the board is asking:

    Feedback from this consultation will help to develop a proposed design for the new community hub. Once initial designs are complete, a second consultation will be held for the community to give feedback on the designs.

    Local Board Chair Toni van Tonder is keen for all residents in Takapuna and nearby areas to think about the kinds of things they would like to see in the new space.

    “Our vision is to create a space where everyone in our community feels welcome and safe. A place where events could be held, public meetings can take place, where people can create, study, read or simply enjoy the company of others.

    “Te Manawa in Westgate has sound recording studios, and quiet puzzling corners while in Takanini they have bookable sewing machines and a slide that goes from the top level to the bottom in the children’s area. Why do they have these things? Because their communities asked for them. So, what does Takapuna want?

    “We’re designing this hub for you, and with you. So, we need all of your great ideas, aspirations and dreams for this space. So have your say this month and together we’ll build something amazing for the residents of today and tomorrow.”

    How to have your say

    To have your say online, fill out our online feedback form.

    You can also complete a paper copy of the form at the Takapuna Library, or come to our drop in session at the Takapuna Market on Sunday 22 September, 9.30am-12.30pm.

    MIL OSI New Zealand News

  • MIL-OSI Economics: Money Market Operations as on September 20, 2024

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 7,728.83 6.48 5.75-7.00
         I. Call Money 1,164.20 6.22 5.75-6.55
         II. Triparty Repo 5,257.05 6.48 6.10-7.00
         III. Market Repo 199.58 6.75 6.75-6.75
         IV. Repo in Corporate Bond 1,108.00 6.74 6.71-6.80
    B. Term Segment      
         I. Notice Money** 11,389.50 6.69 5.10-6.80
         II. Term Money@@ 300.00 6.70-7.42
         III. Triparty Repo 379,998.10 6.59 6.47-6.91
         IV. Market Repo 167,874.30 6.68 5.50-6.90
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 20/09/2024 14 Fri, 04/10/2024 25,002.00 6.52
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 20/09/2024 1 Sat, 21/09/2024 16,671.00 6.75
      Fri, 20/09/2024 2 Sun, 22/09/2024 0.00 6.75
      Fri, 20/09/2024 3 Mon, 23/09/2024 5,060.00 6.75
    4. SDFΔ# Fri, 20/09/2024 1 Sat, 21/09/2024 80,399.00 6.25
      Fri, 20/09/2024 2 Sun, 22/09/2024 0.00 6.25
      Fri, 20/09/2024 3 Mon, 23/09/2024 5,464.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -39,130.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
    Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
    Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,547.26  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*    

    13,037.26

     
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -26,092.74  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on September 20, 2024 963,311.59  
         (ii) Average daily cash reserve requirement for the fortnight ending September 20, 2024 990,362.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ September 20, 2024 25,002.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on September 06, 2024 427,689.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Shweta Sharma 
    General Manager
    Press Release: 2024-2025/1145

    MIL OSI Economics

  • MIL-OSI Economics: Joint Media Statement of the 3rd RCEP Ministers’ Meeting

    Source: ASEAN

    ASEAN alongside Australia, China, Japan, Korea, and New Zealand gathered in Vientiane on 22 September 2024 for the Third RCEP Ministers’ Meeting. The Meeting was co-chaired by Mr. Djatmiko Bris Witjaksono, Director General of International Trade Negotiations, Ministry of Trade of the Republic of Indonesia and H.E. Li Fei, Vice Minister of Commerce of China.The Meeting reaffirmed their commitment to actively promote the RCEP Agreement so it can be effectively utilised by businesses in the region and contribute to further deepening regional economic integration.

    Download the full statement here.

    The post Joint Media Statement of the 3rd RCEP Ministers’ Meeting appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN joins Chair of the ASEAN Economic Ministers’ Meeting 2024 in a Press Conference

    Source: ASEAN

    Together with the Chair of the ASEAN Economic Ministers’ (AEM) Meeting 2024 and Minister of Industry and Commerce of Lao PDR, H.E. Malaithong Kommasith, Secretary-General of ASEAN, Dr. Kao Kim Hourn, this afternoon concluded his engagements in a series of meetings in Vientiane, Lao PDR, by attending the Press Conference of the 56th AEM Meeting and Related Meetings.

    During the Press Conference, Minister Malaithong Kommasith and SG Dr. Kao provided key takeaway points on the discussions at the various meetings, which saw many constructive exchanges by both ASEAN Ministers and that of its Dialogue Partners, on how to strengthen economic integration in the region and beyond.

    Download the full remarks here.

    The post Secretary-General of ASEAN joins Chair of the ASEAN Economic Ministers’ Meeting 2024 in a Press Conference appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Banking: [Interview] Samsung’s Odyssey OLED G8 Joins the Journey of Creating ‘The First Descendant’ With Nexon Developers

    Source: Samsung

    “Playing The First Descendant on the Odyssey monitor with HDR10+ GAMING allows you to experience the game’s vivid, high-quality graphics at their best”
    – Junhwan Kim, Lead programmer, Engine Program team, Nexon Games
     
    Game development is an art, and like any masterpiece, it requires the right tools. Nexon’s upcoming title, The First Descendant, is set to redefine the looter-shooter genre with its stunning visuals and immersive gameplay. At the heart of this development process is Samsung’s Odyssey OLED G8 — a monitor that not only displays these graphics but elevates them to a new level of realism.
     
    Join us as we dive into the behind-the-scenes journey with the developers at Nexon Games, who reveal how this cutting-edge display technology has helped bring their ambitious vision to life. From the precision of color to the speed of response, discover why the Odyssey OLED G8 is more than just a monitor — it’s a game-changer in the industry.
     

     
    Founded in 1994, Nexon has become a global leader in online gaming. Known for creating popular titles like MapleStory, Dungeon & Fighter and KartRider, Nexon continues to push boundaries in the gaming world. This year, the company introduced The First Descendant, a looter-shooter that attracted 260,000 concurrent players at launch. Nexon is focused on expanding its global reach and adapting to the fast-changing gaming industry. In 2021, Nexon completed the acquisition of Embark Studios AB, a company based in Stockholm, Sweden, developing multiple projects for global release.
     
    ▲ (From left) Lead Engine Programmer Junhwan Kim from the Engine Program team and Lead World Concept Artist Sinwook Wi, from the Environmental Concept Design team at Nexon Games, sat down with Samsung to talk about their latest project, The First Descendant and how the Odyssey OLED G8 played a role in its development.
     
     
    Q. Can you tell us about your role in developing The First Descendant and how you contributed to the game’s creation?
     
    Kim: I’m responsible for the game engine. I develop the software that integrates essential elements like graphics, sound and physics engines, make them work seamlessly together.
     
    Wi: I handle the environmental concept design. My role involves creating the overall concept of the game and designing the backgrounds and characters to fit within that environment.
     
    ▲ (From left) Gley, Blair and Enzo, key characters from Nexon’s looter-shooter game ‘The First Descendant’ (Image courtesy of Nexon)
     
     
    Q. What sets The First Descendant apart? What were some of the key innovations and design choices that defined your approach?
     
    Kim: The First Descendant is a looter shooter that blends third-person shooter (TPS) mechanics with role-playing game (RPG) elements. It features spectacular combat scenes, high-quality graphics and a rich loot system filled with powerful guns and gear. The core of the game lies in its storytelling, character development and the pursuit of the best weapons and equipment.
     
    A major focus for us was bringing the open world of The First Descendant to life through cutting-edge graphics. Using Unreal Engine 5, we leveraged Nanite to achieve highly detailed environments, allowing us to render complex landscapes and objects with incredible precision. This was crucial for creating an immersive open-world experience where players can explore vast and visually stunning environments. Lumen played a significant role as well, enabling real-time lighting that reacts dynamically to the game’s world and characters, further enhancing the realism of the gameplay.
    * Open World: A game design element that allows players to freely explore most areas with minimal restrictions.
    * Unreal Engine 5: A game engine developed by Epic Games, known for key features like Nanite, which efficiently handles high-capacity graphics, and Lumen, which enhances lighting effects.
     
    ▲ Junhwan works on the development of ‘The First Descendant’ using the Odyssey OLED G8. The Odyssey OLED G8 delivers superb graphics with its high resolution and color accuracy.
     
    Wi: The game is set in an apocalyptic world where factions — each with their own traditions — battle for survival. The story follows humanity’s fight against the Vulgus, invaders who nearly wiped out the human race. Players take on the role of descendants, embarking on a quest to find the Iron Heart, the ultimate weapon to end the war.
     
    On the design front, our goal was to create an apocalyptic world that felt rich and immersive while avoiding the overly dark and futuristic look often seen in similar settings. The environment itself is a key part of the storytelling. So, we integrated colorful, future-oriented designs for city of Albion to balance the grim atmosphere with a sense of hope. This approach doesn’t just end at the visual appeal but also helps the game engage players on an emotional level, too.
     

     
    ▲ Sinwook works on the design for the city of Albion, a key area in ‘The First Descendant,’ using the Odyssey OLED G8. The monitor’s consistent colors and detailed contrast has helped bring out the intricate design elements.
     
     
    Q. As a game developer, what do you consider the most important factors in creating a visually immersive gaming experience?
     
    Kim: A high-quality display is crucial to accurately present the game’s graphics and visuals. Today’s gaming standards demand seamless gameplay with vibrant graphics, high frame rates, detailed resolutions and minimal input lag. To fully experience these advancements, it’s crucial to use a gaming monitor with high resolution, a wide color gamut and fast response times.
     
    As part of our collaboration with Samsung, I received the Odyssey OLED G8 during the development of The First Descendant, and what stood out to me was the monitor’s awesome display quality — color accuracy, expressions and its quick response time. The monitor delivers colors and contrast with a high level of precision, which was crucial for developing the game. The 0.03ms (GTG) response time made a noticeable difference during our demonstrations as well.1
     
    “[With the Odyssey OLED G8,] You get two distinct display experiences with a single monitor—16:9 for working and 21:9 for playing”
    – Wi Sinwook, Lead World Concept Artist, Environmental Concept Design team, Nexon Games
     
    Wi: As a World Concept Artist, I constantly ask myself, “How can I best convey the immersive universe to players?” I want players to experience every detail of the environments and even the subtle expressions of the characters as they were intended. For that, a display accurately reproduces colors and fine details is crucial. When players can see the subtle nuances in shading and the vibrant colors, it significantly enhances their immersion in the game.
     
    ▲ Sinwook builds out the background concept designs for ‘The First Descendant’ using the Odyssey OLED G8.
     
    Q. Other than picture quality, were there any other the Odyssey OLED G8 features that stood out when you were working on and demonstrating the game?
     
    Kim: The First Descendant is a multi-platform game, available on PC (Steam) and consoles. The fact that the Odyssey OLED G8 supports up to three external inputs,2 was especially helpful when we were testing across the different platforms. The sleek, metal design also saved space and complemented the game’s sci-fi aesthetic.

     
    ▲ Junhwan demonstrates the console version of ‘The First Descendant’ on the Odyssey OLED G8. The Odyssey OLED G8 offers enhanced convenience with 2 HDMI 2.1 ports, 1 DisplayPort 1.4 and a USB hub.
     
    Wi: Working on the design and demonstrating the game on the Odyssey OLED G8, I found the gameplay smoother and more comfortable compared to my previous monitor. The colors and contrast were balanced and accurate, even on the big screen.
     
    I also really appreciated the ability to switch the screen ratio between 16:9 and 21:9 with just a single setting change. Normally, I avoid wide monitors due to the viewing angle, but the Odyssey OLED G8 made it convenient to switch between ratios for different tasks — 16:9 for working and 21:9 for demonstrating the game. The big advantage is that you get two distinct display experiences with a single monitor.
     
    ▲ The Odyssey OLED G8’s Game Bar allows users to switch between 21:9 and 16:9 screen ratios, enabling them to enjoy games in their preferred ratio.
     
    “The fact that the Odyssey OLED G8 supports up to three external inputs, was especially helpful when we were testing across platforms like PCs and different consoles”
    – Junhwan Kim, Lead Programmer, Engine Program team, Nexon Games
     
     
    Q. What features of the Odyssey OLED G8 do you think will elevate the experience for The First Descendant players?
     
    Kim: The First Descendant is the world’s first HDR10+ GAMING title. We collaborated with Samsung to implement this technology in our game, optimizing peak brightness of the monitor and supporting standard HDR without the need for manual adjustments.3 Playing The First Descendant on the Odyssey monitor with HDR10+ GAMING allows you to experience the game’s vivid, high-quality graphics at their best.
    * HDR10+ GAMING: A gaming technology that enhances image quality by analyzing game content to enhance the depth of graphics and supporting features like response time and Auto HDR.
     
    ▲ The Odyssey OLED G8 supports HDR10+ GAMING, allowing gamers to enjoy an optimized HDR gaming experience without manual adjustments in supported titles. ‘The First Descendant’ is the first game to feature HDR10+ GAMING technology.
     
    Wi: Unlike my previous monitor, where colors near the edges tended to darken, the Odyssey OLED G8 maintained consistent brightness across the entire screen. The thin frame and bezel also made it easier to focus on the game.
     

     
    ▲ The Odyssey OLED G8’s slim metal design and Core Lighting+ on the back enhance user immersion and create a stylish gaming space.
     
    Kim: I also found the Game Bar feature to be helpful. When the Odyssey OLED G8 is connected to a PC or console, it automatically calls up the Game Bar. Selecting FPS mode in the Game Bar brightens dark areas in the game, giving you an advantage over hidden enemies. Also, the sound becomes richer, further enhancing the immersion.
     
    ▲ (Left) Default Game Bar settings without a selected genre, (Right) FPS genre selected in Game Bar.
     
     
    Q. Any final words for The First Descendant players?
     
    Kim: If you’re a fan of The First Descendant, or any third-person shooter (TPS) game with high-quality graphics, the Odyssey OLED G8 is an excellent choice. It has high refresh rate, wide color gamut and fast response time, which really enhance the gaming experience.
     
    Wi: I’ve always debated between choosing a monitor with high resolution and refresh rate for gameplay versus one with accurate colors and contrast for development. The Odyssey OLED G8 meets both needs perfectly, so I can confidently recommend it to any gamer…or developer!
     

     
     
    1 Based on GtG measured under internal test conditions. Results may vary by content, monitor settings and the performance of the input source.2 Supports 2 HDMI 2.1 cables, one Display Port 1.4 and three USB 3.0 ports (1 Up, 2 Down)3 To use HDR10+ GAMING, the content must be HDR10+ GAMING compatible, and additional settings may need to be adjusted depending on the content.

    MIL OSI Global Banks

  • MIL-Evening Report: Woolworths and Coles sued by ACCC for allegedly misleading shoppers over the price of more than 500 products

    Source: The Conversation (Au and NZ) – By Jeannie Marie Paterson, Professor of Law, The University of Melbourne

    At a time most people are trying to cut their weekly grocery bills, Australia’s supermarket giants have been hit with legal action for allegedly misleading shoppers over the price of hundreds of products.

    The Australian Competition and Consumer Commission (ACCC) on Monday announced it was launching separate actions in the Federal Court against the largest and second-largest grocery chains, Woolworths and Coles.

    The ACCC alleges the two have systematically misled consumers over price discounts on hundreds of everyday products. The ACCC chair, Gina Cass-Gottlieb, said the alleged wrongdoing involved the sales of “tens of millions” of products, reaping “significant” extra revenue for the businesses.

    Woolworths’ list of 266 items included Arnott’s Tim Tams, Dolmio sauces, Doritos salsa, Friskies cat food, Kellogg’s cereal and Stayfree pads, while the 245 products allegedly targeted by Coles included Arnott’s Shapes biscuits, Band-Aids, Bega cheese, Cadbury chocolates and Libra tampons.



    These were not one-off pricing errors. The ACCC alleges the misleading conduct took place over 20 months as part of the Woolworths “Prices Dropped” and the Coles “Down, Down” promotional campaigns.

    How shoppers were allegedly misled

    The ACCC alleges on repeated occasions the supermarkets’ strategy was to temporarily raise the price of goods before applying the so-called discount.

    The approach meant that although the boldly placed, coloured discount tickets showed a reduction from the previous “regular” price of the products, the discounted price was still higher than the price before the temporary price rise.

    The ACCC gave the example of how consumers were allegedly misled over savings on a 370-gram family pack of Oreo original biscuits.

    From at least January 1 2021 until November 27 2022, Woolworths offered the Oreos for sale at a regular price of $3.50 on a pre-existing “Prices Dropped” promotion. Then, on November 28 2022, the price was increased to $5.00 for 22 days.

    On December 20 2022, the product was placed on a “Prices Dropped” promotion with the tickets showing a “Prices Dropped” price of $4.50 and a “was” price of $5.00. The “Prices Dropped” price of $4.50 was in fact 29% higher than the product’s previous regular price of $3.50.



    What is the legal claim?

    The ACCC does not regulate prices. Instead, it acts on breaches of the Competition and Consumer Act 2010, including making false or misleading claims about the prices of goods and services.

    While it was true that Woolworths and Coles reduced the shelf price of the products, the ACCC alleges they didn’t reveal that the starting price had recently been increased. It is this conduct of promoting a discount from a recently inflated price that the ACCC says would mislead consumers.

    The ACCC’s argument is the “ordinary and reasonable” consumer expects a discount to be genuine, not coming off a recently inflated price. The net effect of that strategy is just an increased price.

    Other cases

    This is not the first time the ACCC has pursued such a claim. In 2020, the commission successfully went after online retailer Kogan for engaging in a similar strategy.

    Kogan ran an online promotion advertising to consumers that they could use the code TAXTIME to reduce prices by 10% at the checkout. The court found the ads conveyed false or misleading representations because Kogan had increased the prices of more than 600 of its products immediately before the promotion by at least 10% per cent.

    A similar strategy of offering discounts that were not genuinely delivered has also been raised against insurer IAG. The Australian Securities and Investments Commission (ASIC) alleges IAG did not deliver promised loyalty discounts to customers because their premiums were increased before the discount was applied by more than the amount of the discount.

    IAG is now facing action for civil penalties from the regulator (ASIC) and a class action by affected customers.

    Potential penalties Woolies and Coles might face

    The ACCC is seeking fines (civil penalties) which could be significant. In the Kogan case, the Federal Court awarded penalties of $350,000.

    But since November 2022, potential penalties have risen. These increases are designed to ensure companies do not treat the possibility of being penalised as a cost of doing business that is outweighed (and disregarded) by the benefits that might come from contraventions of the law.

    These new penalty amounts work on a sliding scale: they start at $50 million but can go up to potentially 30% of a company’s turnover during the period of the contravening conduct.

    This amount is per contravention. This means, if the ACCC’s allegations of misleading conduct are established, each time the supermarkets misled consumers, they would technically be liable to pay the full penalty amount.

    That said, in such a case, a court would likely take a more holistic approach in setting the penalty, taking several matters into account including: the extent of the conduct, its impact on consumers, the gain to the business and whether the conduct was deliberate.

    Fittingly, the ACCC is also asking the supermarkets to make a contribution to charities that provide food to people in need.

    Notably, in May Qantas agreed with the ACCC to pay a penalty of $100 million, subject to court approval and in addition to compensating customers, for misleading conduct in selling tickets for flights it had already cancelled.

    Jeannie Marie Paterson receives funding from the Australian Research Council and DFAT.

    ref. Woolworths and Coles sued by ACCC for allegedly misleading shoppers over the price of more than 500 products – https://theconversation.com/woolworths-and-coles-sued-by-accc-for-allegedly-misleading-shoppers-over-the-price-of-more-than-500-products-239585

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: The night shift: 24-hour economy strategy puts needs of night-time workers first

    Source: New South Wales Premiere

    Workers on the night shift represent one in five, or 21% of workers in NSW – or more than 870,000 people.

    The refreshed NSW 24-Hour Economy Strategy, A New State of Night, outlines the work and programs of the Office of the 24-Hour Commissioner as it expands its remit to support night-time economies across the state, rather than just in Greater Sydney.

    The strategy will move beyond a focus on the hospitality and entertainment economy to one that supports a myriad of night workers – such as nurses, doctors, paramedics, police, drivers, retailers, cleaners, security guards and workers in manufacturing and construction across the state.

    Despite the essential nature of their roles, these people are often in less secure work, are often paid less and have fewer transport options, fewer childcare options, reduced safety and less retail and food options. Improving their experience requires a whole-of-government effort.

    Recent research has revealed people in NSW working between the hours of 6pm and 6am is forecast to grow by between 5% and 13% by 2031, implying a structural shift in the way the NSW economy operates, with a larger proportion of people working during the night.

    The NSW Government has been working to support the state’s night-time economy and improve vibrancy by changing regulation and legislation that constrains businesses. The second tranche of the Government’s vibrancy reforms coming later this year will propose to remove more red tape and provide greater support for special events and hospitality and live music venues.

    This strategy places a strong emphasis on data collection to inform policy development to ensure the NSW Government, local councils and private sector partners can effectively balance the night-time revival, safety and public amenity.

    An example of how the strategy will work in action is how the NSW Government supporting workers in the Randwick Health and Innovation Precinct, one of the state’s most concentrated night workforce areas, with 4500 night-time workers. The precinct is open around the clock and home to three hospitals, a major university and five medical research centres.

    Workers across the precinct and the wider community will benefit from a raft of programs designed to enhance safety and activation including:

    • $600,000 for Spot On, through the Permit/Plug/Play and Open Streets programs, to support collaboration across local businesses to unlock the potential of public streets and spaces
    • $400,000 in Community Improvement District funding backing businesses to get organised, with government, and make the most of their public spaces and local character to draw more visitors and more life to their district.
    • $200,000 for Heart of Randwick in the Uptown program, to support greater collaboration between the health and education campuses, businesses and the council to amplify its night-time offerings
    • The precinct also recently received $500,000 in Safer Cities funding, to improve lighting and safety particularly for workers going to and from work after dark.

    Other night-time worker centres include Port Kembla, a manufacturing hub with over 3,500 night-time workers.

    In Liverpool, the Health and Academic Precinct employs around 4,500 night-time workers.

    Another focus will be the new Western Sydney Airport precinct which will run 24/7 and will grow to employ around 200,000 people.

    As part of the strategy, the Office of the 24-Hour Commissioner will consult across industry to identify the pain points and bring a whole-of-government approach to solving these issues.

    For more information, visit: www.nsw.gov.au/business-and-economy/24-hour-economy/24-hour-economy-strategy.

    Minister for Roads, Music and the Night-time Economy and Minister for Jobs, John Graham said:

    “Night-time workers make up 21% of the NSW workforce. They play an important role in our communities and economies. They are nurses, doctors, paramedics, police, drivers, retailers, cleaners, security guards and workers in manufacturing and construction. They are often paid less and have less secure work.

    “This growing group of essential workers deserves safe environments and adequate services. They should be able to get a coffee before they start work or a decent meal when they finish.

    “Meeting their needs represents an enormous opportunity for the night-time economy. But this requires us to plan as well for the night as we do for the day.”

    “This strategy has an emphasis on data to both measure results as well as design better policy interventions.

    “We will continue to work alongside industry, businesses, councils and communities across NSW to ensure our state’s night-time economy reaches its true potential.

    “Our goal is to highlight our state as a safe and exciting night-time destination – not just for people looking for a great night out but for the people working hard to keep our state running at night.”

    24-Hour Economy Commissioner Michael Rodrigues said:

    “The Strategy we have developed is purposefully ambitious, but it is also full of practical ideas, solutions and strategic opportunities to bring our vision to life.

    “We know that people, especially night workers, want more amenity and safety at night – especially with the industry expected to grow by 5% to 13% by 2031. This includes activating outdoor spaces, diversity of offerings and safe, accessible transport.

    “We know that positive outcomes are possible when State Government, local councils and industry line up behind one plan. And with our work now extending across the State, it’s appropriate we have a strategy that continues to unite stakeholders to ensure NSW is as vibrant at night, as it is during the day.”

    Member for Coogee, Marjorie O’Neill said:

    “The Randwick Health and Innovation Precinct operates 24/7, with staff across emergency, wards, portering, catering, and support services always ready to serve.

    “We are working with the Precinct partners and district to improve our streetscapes and make better connection to our local communities. We are grateful for the Community Improvement District and Uptown Programs that enable us to make the Precinct safer and more vibrant for our workforce, students and local communities.”

    South Eastern Sydney Local Health District CEO Tobi Wilson said:

    “At the Randwick Health and Innovation Precinct, there are staff onsite 24 hours a day 365 days a year from those ready for us in the emergency departments to ward staff, porters, catering and support staff.

    “We are working with the Precinct partners and district to improve our streetscapes and make better connection to our local communities. We are grateful for the Community Improvement District and Uptown Programs that enable us to make the Precinct more vibrant for our workforce, students and local communities.”

    Background

    Research conducted in 2024 by SGS Economics & Planning on behalf of the Office of the 24-Hour Commissioner found:

    • The top industry by the number of night-time employees is Health Care and Social Assistance, with approximately 166,000, followed by
    • Accommodation and Food Services and Arts and Recreation Services, with around 155,200.
    • The Transport, Postal and Warehousing sector employs approximately 90,500 people during night-time hours, closely followed by
    • Retail Trade with 87,100 workers.
    • The Office of the 24-Hour Commissioner will consult with industry to understand the key challenges and barriers with government to develop appropriate policy measures and initiatives to sustainably develop night-workforce participation.

    The 24-hour Economy Strategy will serve as the NSW Government’s new blueprint to cement NSW as a safe, worldclass nightlife destination for visitors, locals and workers alike.

    The refreshed strategy’s five key pillars are:

    • An Enabling Regulatory Framework – Regulatory and legislative amendments aimed at bringing back vibrancy to enable diverse, sustainable and safe night-time economies across NSW.
    • Vibrant Coordinated Precincts and Places – Fostering collaboration among businesses, councils and other stakeholders to support precinct building and place-based economies.
    • Night-time workers, culture and industry collaboration – Collaborate across government and industry to support night-time workers, businesses, and cultural entrepreneurs to thrive in the 24-hour economy.
    • Safety, Mobility, Access and Inclusion – Enabling ease of movement to and from precincts while championing the wellbeing and safety of all within the night-time economy.
    • Authentic Storytelling – Celebrating the unique stories of our districts and promoting the experiences they offer to locals, visitors and workers.

    MIL OSI News

  • MIL-OSI Video: UpLink: Investing in Water Innovation

    Source: World Economic Forum (video statements)

    Water is crucial for human life and the economy, with its economic use value estimated at 60% of global GDP. However, investment in water solutions remains significantly low.

    This is the full audio from a studio session on 12 September, 2024 with leading investors and innovators discussing the untapped potential in water solutions and exploring the findings of the recently launched community paper ‘Investing in Water: A Practical Guide.’
    Panelists:

    Kelven Lam, Investment Manager, Emerald Technology Ventures Romeo Bütler, Principal, Verve Ventures Catalina Pfenniger, Strategy Director, Kran Nanobubble Anna Huber, UpLink Project Lead, Innovation Ecosystems, World Economic Forum (moderator)

    You can watch the session here: https://www.linkedin.com/events/investinginwaterinnovation7237072505000067072/theater/
    Links:

    Investing in Water: A Practical Guide: https (https://wef.ch/4d6u9GA) ://wef.ch/4d6u9GA (https://wef.ch/4d6u9GA)

    Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :

    YouTube: (https://www.youtube.com/@wef/podcasts) – https://www.youtube.com/@wef/podcasts

    Radio Davos (https://www.weforum.org/podcasts/radio-davos) – subscribe (https://pod.link/1504682164) : https://pod.link/1504682164

    Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) – subscribe (https://pod.link/1534915560) : https://pod.link/1534915560

    Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) – subscribe (https://pod.link/1574956552) : https://pod.link/1574956552

    Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

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

    MIL OSI Video

  • MIL-OSI Economics: What’s at stake for Latin America and the Caribbean at COP16 in Cali?

    Source: CAF Development Bank of Latin America

    At a time when the planet faces the most severe environmental challenges in its history, caused by the existing economic model, COP16 on Biodiversity will be the ideal stage for Latin America and the Caribbean to reaffirm their role as a region of solutions and raise their voice in the global debate on the accelerated loss of biodiversity. The region must advocate for a vision that considers people and communities whose survival is closely tied to unique and endangered ecosystems. The measures taken to preserve the region’s biodiversity have the potential to set a global example, advancing towards a harmonious and respectful coexistence with nature.

    All countries in the region have ratified the Convention on Biological Diversity (CBD), a 1993 agreement aimed at conserving biodiversity, sustainably using its components, and ensuring fairness in the use of genetic resources. However, few have presented action plans to advance biodiversity protection by 2030. These plans are among the historic milestones achieved at COP15 in Kunming-Montreal in 2022, where 23 key targets were set to halt and reverse biodiversity loss by 2030 and four goals to achieve positive biodiversity by 2050. In Cali, progress on these action plans will be reviewed, and two critical issues for the world’s most megadiverse region will be addressed: establishing a fair and equitable framework for access to the benefits of genetic resources and creating a new framework for tracking the committed mobilization of 200 billion dollars by 2030.

    COP16 is also expected to bring together initiatives that conserve and sustainably use biodiversity through innovative financial instruments, such as debt-for-nature swaps, green bonds, and biodiversity certificates. Additionally, there will be active participation from the private sector and philanthropy, which are increasingly focused on ecosystems and the risks posed by biodiversity loss. Special attention will be given to the key role played by local communities and indigenous peoples, promoting ways to incorporate ancestral knowledge into climate, sustainability, and biodiversity agendas. On all these fronts, the voice of Latin America and the Caribbean will be crucial.

    The region’s leading role is primarily due to its rich biodiversity: it hosts 60% of the world’s biodiversity, and six of its countries (Brazil, Colombia, Ecuador, Mexico, Peru, and Venezuela) are classified as megadiverse. These figures also make biodiversity a factor for regional integration, with ecosystem connectivity being key to conservation, and a crucial tool for positioning Latin America and the Caribbean in global sustainability discussions.

    The strategic ecosystems of Latin America and the Caribbean are essential for maintaining the planet’s environmental balance. They span across the region, are interconnected with each other and with other hemispheric ecosystems, and provide key services that ensure the livelihoods of local populations. Among these ecosystems are the páramos, Patagonia, the Caribbean, the Tumbes forests in the Chocó and Magdalena, the Atlantic Forest, the Mesoamerican biological corridor, the mangroves, the Amazon, the Humboldt Current, the Gran Chaco, and Pantanal, among others. Thus, COP16 will be a historic moment to introduce new narratives into the global debate on biodiversity.

    CAF at COP16

    With the Latin America and Caribbean Pavilion, CAF will bring the region’s voice to COP16 to highlight its leading role in preserving global biodiversity. CAF aims to generate discussions on the value of strategic ecosystems, the importance of the blue economy, the role of science and youth, the need for innovative financing systems, and the communities and territories on the front lines of biodiversity preservation.

    CAF will address biodiversity loss and the use of financial resources with a fresh perspective, placing communities that have direct relationships with the natural environment at the center of decision-making. These communities are best positioned to design actions that lead to ecosystem regeneration in ways that are consistent with the social and environmental context.

    MIL OSI Economics

  • MIL-OSI Economics: CAF promotes a global network of scientists to protect the biodiversity of Latin America and the Caribbean

    Source: CAF Development Bank of Latin America

    CAF is fostering dialogue with scientific institutions to ensure the voice of science is heard ahead of COP16 and the implementation of the Global Biodiversity Framework. This effort aims to help promote and implement science-based solutions in its operations and in dialogue with countries.

    In this context, CAF, which will host a Latin America and Caribbean Pavilion open to all countries in the region at COP16, convened over twenty international scientific institutions to raise awareness about the importance of data, science, regional collaboration, and the application of scientific methods to solve problems related to biodiversity loss and restoration. The Executive Secretary of the Convention on Biological Diversity, Astrid Schomaker, closed the event, highlighting the importance of science. The conclusions of the meeting, along with CAF’s proposals to address the identified challenges, will be presented in Cali.

    “We are engaging with scientists to identify what we can do to be more effective in preserving biodiversity. We need to understand how scientific recommendations can be translated into efficient public policies and explore new ideas and proposals that help us find solutions to the dilemmas modern societies are facing due to climate change,” said Sergio Díaz-Granados, CAF’s Executive President.

    CAF’s work with international scientists aims to strengthen multilateralism by connecting scientific advances and generating new lines of work being carried out in various countries to stop and reverse biodiversity loss.

    “To halt biodiversity loss, it is essential to develop robust scientific knowledge and, most importantly, put it into practice. This requires creating communication channels that accelerate the implementation of science-based policies and integrate them into national development agendas and business strategies,” said Alicia Montalvo, CAF’s Manager of Climate Action and Positive Biodiversity.

    In this regard, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) plays a fundamental role by fostering closer ties between the scientific community and decision-makers to build capacity and strengthen the use of science in public policy development. CAF aims to reinforce this work by bringing science closer to public and private financial institutions, promoting investment in biodiversity.

    CAF’s commitment to an ecosystem and science-based approach

    Latin America and the Caribbean is one of the richest regions in terrestrial and marine biodiversity. IPBES values the region’s terrestrial and coastal ecosystem services at $24.3 trillion per year. The region is home to six of the world’s seventeen megadiverse countries (Brazil, Colombia, Ecuador, Mexico, Peru, and Venezuela) and contains between 60% and 70% of all known species, approximately 25% of tropical forests, and the most biodiverse habitat on the planet: the Amazon rainforest.

    In this context, CAF has adopted an ecosystem approach in its operations, addressing not only the needs of countries for the integrated management of land, water, and living resources but also the needs of ecosystems for sustainable and equitable conservation and resource use.

    Examples of this new approach include the Program for Integrated and Sustainable Management of Sargassum in the Greater Caribbean, which will benefit Mexico, Costa Rica, Panama, Colombia, Jamaica, the Dominican Republic, Barbados, Trinidad and Tobago, and Venezuela through the promotion of sustainable sargassum management. Other examples include the coral reef restoration project in Colombia, Ecuador, Mexico, and Costa Rica; The Americas Flyways Initiative (AFI), which aims to identify and conserve more than 30 critical landscapes along migratory routes in North, Central, and South America and the Caribbean; and projects to strengthen the management of protected natural areas in Bolivia, Colombia, Costa Rica, Ecuador, and Panama.

    MIL OSI Economics

  • MIL-OSI Banking: What’s at stake for Latin America and the Caribbean at COP16 in Cali?

    Source: CAF Development Bank of Latin America

    At a time when the planet faces the most severe environmental challenges in its history, caused by the existing economic model, COP16 on Biodiversity will be the ideal stage for Latin America and the Caribbean to reaffirm their role as a region of solutions and raise their voice in the global debate on the accelerated loss of biodiversity. The region must advocate for a vision that considers people and communities whose survival is closely tied to unique and endangered ecosystems. The measures taken to preserve the region’s biodiversity have the potential to set a global example, advancing towards a harmonious and respectful coexistence with nature.

    All countries in the region have ratified the Convention on Biological Diversity (CBD), a 1993 agreement aimed at conserving biodiversity, sustainably using its components, and ensuring fairness in the use of genetic resources. However, few have presented action plans to advance biodiversity protection by 2030. These plans are among the historic milestones achieved at COP15 in Kunming-Montreal in 2022, where 23 key targets were set to halt and reverse biodiversity loss by 2030 and four goals to achieve positive biodiversity by 2050. In Cali, progress on these action plans will be reviewed, and two critical issues for the world’s most megadiverse region will be addressed: establishing a fair and equitable framework for access to the benefits of genetic resources and creating a new framework for tracking the committed mobilization of 200 billion dollars by 2030.

    COP16 is also expected to bring together initiatives that conserve and sustainably use biodiversity through innovative financial instruments, such as debt-for-nature swaps, green bonds, and biodiversity certificates. Additionally, there will be active participation from the private sector and philanthropy, which are increasingly focused on ecosystems and the risks posed by biodiversity loss. Special attention will be given to the key role played by local communities and indigenous peoples, promoting ways to incorporate ancestral knowledge into climate, sustainability, and biodiversity agendas. On all these fronts, the voice of Latin America and the Caribbean will be crucial.

    The region’s leading role is primarily due to its rich biodiversity: it hosts 60% of the world’s biodiversity, and six of its countries (Brazil, Colombia, Ecuador, Mexico, Peru, and Venezuela) are classified as megadiverse. These figures also make biodiversity a factor for regional integration, with ecosystem connectivity being key to conservation, and a crucial tool for positioning Latin America and the Caribbean in global sustainability discussions.

    The strategic ecosystems of Latin America and the Caribbean are essential for maintaining the planet’s environmental balance. They span across the region, are interconnected with each other and with other hemispheric ecosystems, and provide key services that ensure the livelihoods of local populations. Among these ecosystems are the páramos, Patagonia, the Caribbean, the Tumbes forests in the Chocó and Magdalena, the Atlantic Forest, the Mesoamerican biological corridor, the mangroves, the Amazon, the Humboldt Current, the Gran Chaco, and Pantanal, among others. Thus, COP16 will be a historic moment to introduce new narratives into the global debate on biodiversity.

    CAF at COP16

    With the Latin America and Caribbean Pavilion, CAF will bring the region’s voice to COP16 to highlight its leading role in preserving global biodiversity. CAF aims to generate discussions on the value of strategic ecosystems, the importance of the blue economy, the role of science and youth, the need for innovative financing systems, and the communities and territories on the front lines of biodiversity preservation.

    CAF will address biodiversity loss and the use of financial resources with a fresh perspective, placing communities that have direct relationships with the natural environment at the center of decision-making. These communities are best positioned to design actions that lead to ecosystem regeneration in ways that are consistent with the social and environmental context.

    MIL OSI Global Banks