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Category: Commerce

  • MIL-OSI Economics: Overall Housing Sentiment Ticks Higher Despite Consumers’ Growing Affordability Concerns

    Source: Fannie Mae

    WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) increased 0.3 points in January to 73.4, bouncing back slightly after falling last month for the first time since July. Improvements in consumer optimism toward both homebuying and home-selling conditions, along with even greater expectations that home prices will rise over the next 12 months, drove the increase. However, after a surge in mortgage rate optimism in the second half of last year, January saw a 13-percentage-point decline in the net share of consumers who believe mortgage rates will go down in the next 12 months. In addition, the share of consumers who expect rental prices will go up increased 8 percentage points from last month to 65%. Year over year, the HPSI is up 2.7 points.

    “Consumers seem increasingly pessimistic that housing affordability conditions will improve across the board, as a growing share expects home prices, rent prices, and mortgage rates will all go up,” said Kim Betancourt, Vice President of Multifamily Economics and Strategic Research. “The lower optimism toward the mortgage rate outlook was largely expected, as rates have continued to stay elevated and even crossed the 7% threshold in mid-January. As noted in our latest forecast, we currently expect mortgage rates to end 2025 around 6.5%, relatively little changed from where we are today, which will likely continue to hinder relief for housing affordability and home sales activity.”

    Betancourt continued: “On the rental side, consumers have indicated a sharply growing expectation over the past two months that rent prices will increase. This mirrors our expectation that multifamily rents will grow between 2.0% and 2.5% this year — up from an estimated 1.0% last year. Even though it remains relatively cheaper for consumers to rent than buy in nearly every U.S. metro, we expect affordability issues will remain a real challenge for both renters and homeowners alike for the foreseeable future.”

    Home Purchase Sentiment Index – Component Highlights
    Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 0.3 points in January to 73.4. The HPSI is up 2.7 points compared to the same time last year. Read the full research report for additional information.

    • Good/Bad Time to Buy: The percentage of respondents who say it is a good time to buy a home (22%) and the percentage who say it is a bad time to buy (78%) both stayed the same from last month. The net share of those who say it is a good time to buy increased 2 percentage points month over month to -55%.
    • Good/Bad Time to Sell: The percentage of respondents who say it is a good time to sell a home (63%) and the percentage who say it’s a bad time to sell (36%) both remained unchanged month over month. The net share of those who say it is a good time to sell increased 1 percentage point month over month to 28%.
    • Home Price Expectations: The percentage of respondents who say home prices will go up in the next 12 months increased from 38% to 43%, while the percentage who say home prices will go down decreased from 27% to 22%. The share who think home prices will stay the same decreased from 35% to 34%. As a result, the net share of those who say home prices will go up in the next 12 months increased 9 percentage points month over month to 20%.
    • Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 42% to 35%, while the percentage who expect mortgage rates to go up increased from 25% to 32%. The share who think mortgage rates will stay the same increased from 32% to 33%. As a result, the net share of those who say mortgage rates will go down over the next 12 months decreased 13 percentage points month over month to 3%.
    • Job Loss Concern: The percentage of employed respondents who say they are not concerned about losing their job in the next 12 months increased from 77% to 78%, while the percentage who say they are concerned stayed at 22%. As a result, the net share of those who say they are not concerned about losing their job increased 2 percentage points month over month to 56%.
    • Household Income: The percentage of respondents who say their household income is significantly higher than it was 12 months ago remained at 17%, while the percentage who say their household income is significantly lower decreased from 11% to 9%. The percentage who say their household income is about the same increased from 70% to 73%, a new survey high. As a result, the net share of those who say their household income is significantly higher than it was 12 months ago increased 2 percentage points month over month to 8%.

    About Fannie Mae’s Home Purchase Sentiment Index
    The Home Purchase Sentiment Index® (HPSI) distills information about consumers’ home purchase sentiment from Fannie Mae’s National Housing Survey® (NHS) into a single number. The HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions and complements existing data sources to inform housing-related analysis and decision-making. The HPSI is constructed from answers to six NHS questions that solicit consumers’ evaluations of housing market conditions and address topics that are related to their home purchase decisions. The questions ask consumers whether they think that it is a good or bad time to buy or to sell a house, what direction they expect home prices and mortgage interest rates to move, how concerned they are about losing their jobs, and whether their incomes are higher or lower than they were a year earlier.

    About Fannie Mae’s National Housing Survey 
    The National Housing Survey (NHS) is a monthly attitudinal survey, launched in 2010, which polls a representative sample of adult household financial decision makers in the United States, to assess their attitudes toward owning and renting a home, purchase and rental prices, household finances, and overall confidence in the economy. Each respondent is asked more than 100 questions, making the NHS one of the most detailed longitudinal surveys of its kind to track attitudinal shifts, six of which are used to construct the HPSI (findings are compared with the same survey conducted monthly beginning June 2010). For more information, please see the Technical Notes.

    Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to support the housing market. The January 2025 National Housing Survey was conducted between January 2, 2025, and January 21, 2025. Most of the data collection occurred during the first two weeks of this period. The latest NHS was fielded exclusively through AmeriSpeak®, NORC at the University of Chicago’s probability-based panel, in coordination with Fannie Mae and PSB Insights. Calculations are made using unrounded and weighted respondent-level data to help ensure precision in NHS results from wave to wave. As a result, minor differences in calculated data (summarized results, net calculations, etc.) of up to 1 percentage point may occur due to rounding.

    Detailed HPSI & NHS Findings 
    For detailed findings from the Home Purchase Sentiment Index and National Housing Survey, as well as a brief HPSI overview and detailed white paper, technical notes on the NHS methodology, and questions asked of respondents associated with each monthly indicator, please visit the Surveys page on fanniemae.com. Also available on the site are in-depth special topic studies, which provide a detailed assessment of combined data results from three monthly studies of NHS results.

    To receive e-mail updates with other housing market research from Fannie Mae’s Economic and Strategic Research Group, please click here.

    About the ESR Group
    Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lender groups to provide forecasts and analyses on the economy, housing, and mortgage markets.

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Craigavon firm donates 360 meals to ABC Community Food Hub

    Source: Northern Ireland City of Armagh

    Shera McAloran, who is the founder of Karri Kitchens pictured with Chris Leach from ABC Community Food Hub.

    A Craigavon-based food business has been praised for their generous donation to the ABC Community Food Hub.

    Karri Kitchen have kindly given 360 prepared meals to be redistributed through the social supermarkets which are part of the ABC Community Food Hub set up to help those people experiencing food insecurity.

    With support from Armagh City, Banbridge and Craigavon (ABC) Borough Council, the Community Food Hub was co-designed to provide a centralised location for food donations to be distributed to food banks and social supermarkets within the ABC Borough.

    Shera McAloran who is the founder of Karri Kitchen, said: “It is our pleasure to be able to donate some of our healthy and nutritious meals to the ABC Food Hub. As a business based in the ABC Council area, we are keen to support local organisations who are providing much-needed help to people in crisis.

    “Food is a passion for our business, and we are happy to share that experience with people at a time of need. Knowing that our donations are being distributed through the hub to social supermarkets who journey alongside clients gives us confidence that what we give, makes a difference to those who need it the most.”

    Chris Leech from the ABC Community Food Hub said the donation by Karri Kitchen would make an important impact. “Our primary goal is to coordinate food donations from our amazing local food sector and channel these donations to organisations who are supporting people in crisis. We are impressed by the generosity of companies like Karri Kitchen, who want to share their award-winning meals with our social supermarket and food bank network,” said Chris.

    “Our strategy in 2025 is to develop this partnership between business and the community sector, ensuring that the generosity of local businesses is met with the best practice support of our local poverty relief charities.

    “Appropriate food support at a time of crisis, coupled with wrap-around support, can both meet an immediate poverty need and deliver ongoing empowering support. This wrap-around support helps to tackle some of the more complex issues that many people in our community face. Businesses are happy to meet their corporate social responsibility status and know that their community benefits.”

    Businesses can support the ABC Community Food Hub by visiting – www.armaghbanbridgecraigavon.gov.uk/resident/business-engagement/

    For those seeking help from the ABC Community Food Hub, social supermarkets and wraparound services are available in seven locations, ABC Community Food Hub, Craigavon; Stepping Stones Pantry, Armagh; The Pantry, Banbridge; Freedom Foods Pantry, Lurgan; Freedom Foods Pantry, Portadown; Via Wings Larder, Dromore and the Salvation Army, Lurgan.

    For further information and contact details please visit – www.armaghbanbridgecraigavon.gov.uk/resident/socialsupermarket/

    MIL OSI United Kingdom –

  • MIL-OSI: Hola Prime Launches Transformative CSR Initiatives to Support Education, Health, and Sustainability

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, Feb. 07, 2025 (GLOBE NEWSWIRE) — Hola Prime, a leading prop trading firm, has launched a series of impactful corporate social responsibility (CSR) initiatives, including school renovations, community support programs, and environmental sustainability efforts, aimed at creating lasting positive change.

    In a world where businesses are often measured by their bottom line, Hola Prime, an award-winning prop trading firm, is proving that true success goes beyond financial returns. While known for funding traders, the company is also investing in communities, ensuring that its impact extends far beyond the trading world. Through a series of CSR initiatives, Hola Prime is redefining corporate responsibility by transforming lives and fostering hope where it’s needed most.

    Renovating School: A Better Space To Learn

    At Tarauli School, Punjab the firm took on the challenge of turning an abandoned backyard into a thriving playfield. The newly developed ground now fosters teamwork, discipline, and a love for sports among students. Beyond the physical transformation, the team engaged over 200 students in workshops and interactive sessions, reinforcing the belief that education extends beyond textbooks. Volunteers also distributed 500+ books and essential school supplies, ensuring that students have the resources they need to excel academically.

    Challenging Stigmas at Chandi Kusht Ashram Society

    Stepping into the Chandi Kusht Ashram Society, a shelter for people affected by leprosy, the team didn’t just donate – it connected. Volunteers prepared meals, reaching and supporting 400 families, fostering moments of warmth, inclusion, and acceptance. By engaging directly, Hola Prime aims to break down societal barriers and promote empathy as a key driver of change. The visit also included motivational support to empower them with strength and lift their spirits with affection.

    Bringing Joy to Young Cancer Fighters

    At Access Life, Chandigarh, a shelter supporting over 2500 children battling cancer, the firm crafted a day of laughter, imagination, and art therapy. Children sculpted clay toys, painted vibrant lanterns and enjoyed a mesmerizing magic and puppet show. The initiative was designed not just to entertain but to provide therapeutic relief, proving that healing extends beyond medicine. In addition to the entertainment, the company provided 150+ art supply kits, 100 wellness kits, and 50 handmade toys to support the children’s emotional well-being.

    Sustainability and Green Initiatives

    Hola Prime’s commitment to positive change goes beyond social initiatives. As part of its sustainability efforts, the company also spearheaded a tree plantation drive alongside the students of Tarauli School, planting over 300 trees to promote environmental consciousness from a young age. By integrating green initiatives into its outreach programs, the firm is ensuring that its impact is not only social but also ecological.

    A Business Model Rooted in Social Good

    By going beyond traditional CSR and embedding compassion into its business ethos, Hola Prime is redefining what it means to be a responsible corporation. Whether funding traders or funding futures, the company continues to invest in meaningful change. In a fast-paced financial world, it serves as a reminder that the most valuable returns are the lives we touch.

    Social Links

    Facebook: https://www.facebook.com/profile.php?id=61565158992654&sk=about_contact_and_basic_info

    Instagram: https://www.instagram.com/holaprime_global/

    YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ

    LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true

    X: https://x.com/HolaPrimeGlobal

    Discord: https://discord.gg/TJ7TcHPXBf

    Quora: https://www.quora.com/profile/HolaPrime/

    Reddit: https://www.reddit.com/user/HolaPrime/

    Medium: https://medium.com/@social_46267

    Media Contact

    Company: Hola Prime

    Contact: Media Team

    Email: marketing@holaprime.com

    Website: https://holaprime.com/

    The MIL Network –

  • MIL-OSI Economics: Samsung Galaxy S25 Series is Available Starting Today

    Source: Samsung

    Samsung Electronics America today announced the U.S. availability of the new Galaxy S25 series. With One UI 7, Gemini is officially available at launch in 46 languages,1 making it easier than ever to perform seamless interactions across Samsung and Google apps.
    “The Galaxy S25 series is a fundamental shift in how we interact with our phones,” said TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics. “We are thrilled to see how our users will enjoy this true AI companion that offers seamless and intuitive solutions in their daily lives.”
    On the Galaxy S25 series, AI agents with multimodal capabilities are integrated within the One UI 72 platform to perform complex tasks seamlessly across apps and enable natural user interactions through speech, text, videos, and images. Now Brief3 provides tailored suggestions to guide the day and Now Bar4 offers a new hub for ongoing activities. From enhanced productivity with Writing Assist to limitless creativity unleashed by Drawing Assist, the expanded capabilities of Galaxy AI5 continue to empower users in every aspect of their daily lives.

    Interactions with the Galaxy S25 series are also more intuitive. With just a single command Gemini6 can effortlessly find a user’s favorite sports team’s schedule and add it to Samsung Calendar. Additionally, Google’s enhanced Circle to Search7 now gives users more helpful information with AI Overviews and one-tap actions.
    The Galaxy S25 series further refines and enhances the core capabilities that define the Galaxy experience. Powering the Galaxy S25 series, the Snapdragon® 8 Elite Mobile Platform for Galaxy fuels on-device processing for more responsive AI experiences than previous gen Galaxy devices. With unique customizations for Galaxy, including ProScaler8 and Samsung’s mobile Digital Natural Image engine (mDNIe), the Galaxy S25 series boasts enhanced AI image processing and display power efficiency. The newly introduced 50MP ultrawide camera sensor on Galaxy S25 Ultra delivers epic shots from every range in exceptional clarity while professional grade controls like Virtual Aperture and Samsung Log turn any photo or video into the ultimate visual experience.

    The Galaxy S25 series is the industry’s first smartphone lineup to support Content Credentials, based on the open technical standard from the Coalition for Content Provenance and Authenticity (C2PA). Samsung has also joined the C2PA as a member, alongside industry leaders including Adobe, Microsoft, OpenAI, Google, Publicis Groupe, and more, all collaborating to establish Content Credentials as the universal standard for digital content provenance. In line with its commitment to responsible mobile AI innovation, Samsung adopted this standard to enhance transparency for content created and edited with generative AI.
    Galaxy S25 Ultra, Galaxy S25+, and Galaxy S25 are available in the U.S. starting today. Check out Samsung.com for all the latest deals and offers, including the New Galaxy Club early upgrade program.

    MIL OSI Economics –

  • MIL-OSI Global: AI can boost economic growth, but it needs to be managed incredibly carefully

    Source: The Conversation – UK – By Professor Ashley Braganza, Professor of Business Transformation, Brunel University of London

    Erman Gunes / Shutterstock

    The UK government’s efforts to integrate artificial intelligence (AI) into public services and stimulate economic growth represents a pivotal step in the roll out of the technology in this country.

    AI offers the promise of improving public services by enabling faster, more efficient processes, personalising provision of those services for the public and optimising decision-making. However, the adoption of this technology in public systems brings inherent risks, particularly in an environment characterised by rapid technological developments.

    A primary concern and challenge lies in ensuring that AI adoption builds trust in public services. Mismanagement of AI can worsen inequality, lead to job losses, and erode public confidence in government and the further rollout of AI-based technologies.

    Balancing these opportunities and risks requires understanding the trade offs involved, notably the tension between job creation and displacement, unconstrained benefits from the misuse of AI, and the need for fairness, transparency, equity and a capacity to be able to explain the design of algorithms.

    AI has the potential to generate employment in fields such as data science, algorithm design and system maintenance. However, automating routine administrative tasks such as form processing and record management threatens to make many public sector roles redundant.

    The challenge lies in maintaining efficiency and accountability while addressing inevitable job gigification. This transition will not be uniform. Workers in roles vulnerable to automation will experience immediate consequences.

    The government has rightly identified the need to invest in reskilling initiatives that prepare workers for an AI-driven future. Reskilling is necessary but insufficient to fuel economic growth.

    As tasks are gigified by AI technologies, traditional full-time jobs become increasingly scarce, leading to more “white collar” workers experiencing income volatility, periods of un- or underemployment and precarious living. Yet, extant financial systems are based upon patterns of monthly income and expenditure on mortgages and rent or utilities.

    Financial systems need to become significantly more flexible to enable workers to align uncertain income streams with unavoidable regular expenditure on necessities such as food and internet connectivity.

    Oversight is key

    The risks of AI algorithm failures are particularly apparent when systems deployed in the public sector cause harm. A glaring example is the UK Post Office scandal, where inaccurate data from the Horizon IT system led to wrongful prosecutions.

    This case highlights the importance of oversight in AI deployment. Without a mix of regulations, guidelines and guardrails, errors in AI systems can lead to serious consequences, particularly in sectors related to justice, welfare and resource allocation.

    Government must ensure that AI-driven systems are not only efficient and accurate but also auditable. Independent bodies should oversee the design, implementation, and evaluation of AI systems to reduce risks of failure.

    AI can enhance public services, but it is important to acknowledge that algorithms reflect biases inherent in their design and training data. In the public sector, these biases can have unintended and unforeseen consequences that are invidious, as they are hidden in the depths of complex computer code.

    For instance, AI systems used in housing allocation can exacerbate existing inequalities if trained on biased historical data. Fairness and trust should therefore be core principles in AI development. Developers must use diverse, representative datasets and conduct bias audits throughout the process.

    Citizen engagement is essential, as affected communities can provide valuable input to identify flaws and contribute to solutions that promote equity.
    A key challenge for policymakers is whether AI can deliver on its promise without deepening social divisions or reinforcing discriminatory practices. Transparency in AI decision making is essential for maintaining public trust.

    Citizens are more likely to trust systems when they understand how decisions are made. Governments should commit to clear, accessible communication about AI systems, allowing individuals to challenge and appeal automated decisions. While AI adoption will likely cause disruption in the early stages, these challenges can diminish over time, leading to faster, more personalised services and more meaningful work opportunities for government employees.

    AI systems are dynamic, continuously evolving with the data they process and the contexts in which they operate. Governments must prioritise ongoing review and auditing of AI systems to ensure they meet public needs and ethical standards. Engaging relevant stakeholders – citizens, public sector employees and private sector partners – is essential to this process.

    Transparent communication about the goals, benefits, and limitations of AI helps build public trust and ensures that AI systems remain responsive to societal needs. Independent audits conducted by multidisciplinary teams can identify flaws early and prevent harm. To fully realise AI’s potential and ensure its benefits are distributed equitably, policymakers must carefully balance efficiency, fairness, innovation, and accountability.

    A strategic focus on education, ethical algorithm design and transparent governance is necessary. By investing in education, AI ethics and strong regulatory frameworks, governments can ensure that AI becomes a tool for societal progress while minimising unintended adverse consequences.

    S. Asieh Hosseini Tabaghdehi works for Brunel University of London. She received funding from UKRI (ESRC) to investigate the ethical implication of digital footprint data in SMEs value creation.

    Professor Ashley Braganza 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. AI can boost economic growth, but it needs to be managed incredibly carefully – https://theconversation.com/ai-can-boost-economic-growth-but-it-needs-to-be-managed-incredibly-carefully-248578

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Celebrating apprentices in Portsmouth!

    Source: City of Portsmouth

    National Apprenticeship Week runs from Monday 10 February – Sunday 16 February, and is an opportunity to celebrate and shine a light on the positive impact that apprenticeships make.

    The council has a long-established apprenticeship offer, working with local businesses to create a positive impact on local and regional communities and businesses.

    This includes the council’s partnership with Solent Business & Skills Solutions on the Transfer to Transform scheme, which they have been partnering on since 2021. The initiative allows large organisations, like the council, to make a direct impact on apprenticeship opportunities across the city and Solent area by transferring levy funds to local employers.

    As part of the week, the council’s Stronger Futures team will be highlighting the different pathways into children’s social care, including a social work degree apprenticeship and careers in fostering or residential care.

    Cllr Chris Attwell, Cabinet Member for Central Services said:

    “National Apprenticeship Week is an excellent opportunity to celebrate apprentices and promote the benefits of apprenticeships to residents, parents, carers and employers.

    “Over the last couple of weeks, I have been fortunate to visit a wide and diverse range of apprenticeship opportunities across our community.  I have spent time visiting council apprentices in schools, finance, children’s social care and housing and have enjoyed seeing the positive impact they are having on their teams.

    “I also had opportunity to meet with partner companies and local employers who said that their businesses benefit from increased productivity, filling skills gaps within their industries and developing ongoing opportunities.

    “We are committed to developing and supporting apprenticeships throughout the city and would like to congratulate all the apprentices!”

    There are lots of different activities and events happening across the city, where students, parents, guardians and employers can explore apprenticeships.

    As well as events, we are sharing case studies from employers and their apprentices across the city on our website and social media.

    Anyone of any age can complete an apprenticeship, you can look for opportunities on the council’s careers portal  or through the Government’s website. There is also an online event to support parents and carers if their child is thinking about an Apprenticeship as their next step after school or college.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Big money in major sporting events

    Source: Mayor of London

    London has a rich history of hosting major sporting events, including regular Premier League football matches, the final of the UEFA European Women’s Championship in 2022, rugby, tennis and cricket.  More recently, Major League Baseball (MLB) and National Football League (NFL) games have also become regular fixtures in the capital’s sporting calendar.

    Analysis from 2021 by London & Partners found that the total economic value generated by the 305 major sporting events held in London between 2017 and 2020 was £1.03 billion.1

    This breaks down into £858 million spent by visitors and £169 million spent by organisers,2 with the data suggesting that 45 per cent of event organiser spending (including both cultural and sports events) was spent on suppliers based in London.3

    Tomorrow, the London Assembly Economy, Culture and Skills Committee will meet to discuss the economic impact of major sporting events in London, looking at the role of the Mayor in bringing more sporting events to the city.

    The guests are:

    Panel 1: 2:00pm-3:30pm:

    • Nick Bitel, Chief Executive, London Marathon Group
    • Mark Camley, Executive Director of Park and Venues, London Legacy Development Corporation
    • Esther Britten MBE, Head of Events and External Affairs, UK Sport
    • Cllr Muhammed Butt, Leader, London Borough of Brent

    Panel 2: 3:35pm-5:00pm:

    • Howard Dawber, Deputy Mayor for Business and Growth
    • Katie Morrison, Interim Assistant Director, External Relations, Greater London Authority (GLA)
    • James Fitzgerald, Host City Programmes Director, GLA
    • Rose Wangen-Jones, Managing Director, Marketing, Destination & Commercial, London & Partners

    The meeting will take place on Monday 10 February 2025 from 2pm in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

    Media and members of the public are invited to attend.

    The meeting can also be viewed LIVE or later via webcast or YouTube.

    Follow us @LondonAssembly.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Financial news: Delimobil IPO on Moscow Exchange turns one year old

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    February 7, 2025 marks one year since the IPO of PJSC Carsharing Russia (DELHI) on the Moscow Exchange, the first IPO of 2024. The company operates in the carsharing market under the Delimobil brand.

    The issuer used the funds raised for business development and general corporate purposes.

    Delimobil’s market capitalization currently exceeds 35 billion rubles, with a free float of 9%. The shareholder base has doubled since the start of exchange trading and currently numbers about 95,000 private and institutional investors. Delimobil shares are included in the second-level quotation list of the Moscow Exchange and are included in the settlement bases Moscow Exchange Broad Market Index, Moscow Exchange IPO Index, Moscow Exchange Consumer Sector Index and others.

    Delimobil is the largest car sharing service in Russia by fleet size and number of trips. The company started operating in 2015. By the end of 2024, the demand for the service had increased by 20%, the number of cities of presence had grown to 13, the company’s fleet had reached 31.7 thousand cars, the number of registered users in the service had exceeded 11 million, and the company had also scaled its network of its own service stations to 15 facilities.

    Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Moscow Exchange Group includes a central depository, as well as a clearing center that performs the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI: SPS Commerce Completes Acquisition of Carbon6 Technologies

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Feb. 07, 2025 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced it has completed the acquisition of Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers.

    “We are very excited to welcome Carbon6 employees and customers to SPS Commerce,” said Chad Collins, CEO of SPS Commerce. “Together, we believe we will deliver unmatched solutions for first-party and third-party sellers and establish SPS as a leading provider in the emerging category of revenue recovery.”

    About SPS Commerce

    SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 45,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS has achieved 95 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

    SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.

    Forward-Looking Statements

    This press release contains forward-looking statements, including information about management’s view of SPS Commerce’s future expectations, plans and prospects, including our views regarding financial performance expectations, future execution within our business, and the opportunity we see in the retail supply chain world within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on SPS Commerce’s future results. The forward-looking statements included in this press release are made only as of the date hereof. SPS Commerce cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SPS Commerce expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact:
    Investor Relations
    The Blueshirt Group
    Irmina Blaszczyk
    Lisa Laukkanen
    SPSC@blueshirtgroup.com
    415-217-4962

    SPS-F

    The MIL Network –

  • MIL-OSI Asia-Pac: AI-enabled National Consumer Helpline system set up; gives sector-wise analysis of grievances

    Source: Government of India

    AI-enabled National Consumer Helpline system set up; gives sector-wise analysis of grievances

    National Consumer Helpline available as toll-free number “1915” or through web portal

    Posted On: 07 FEB 2025 11:36AM by PIB Delhi

    In a significant move towards enhancing consumer grievance redressal mechanisms, the Department of Consumer Affairs, under Ministry of Consumer Affairs, Food and Public Distribution, Government of India, has adopted an AI-enabled National Consumer Helpline (NCH) system that offers sector-wise analysis of grievances.

    This new technology-driven approach is aimed at improving the speed and efficiency of resolving consumer issues, particularly in the education sector.

    As a result of these technological advancements, the number of calls received by NCH has grown more than tenfold, from 12,553 in December 2015 to 1,55,138 in December 2024. This exponential growth reflects the rising confidence of consumers in the helpline. Similarly, the average number of complaints registered per month has surged from 37,062 in 2017 to 1,12,468 in 2024. The monthly average number of grievances registered digitally has increased from 54,893 in the FY 2023-24 to 68,831 in FY 2024-25 (as of December 2024).

    The Department therefore, urges all consumers to utilize the National Consumer Helpline accessible via a toll-free number 1915 or web portal https://consumerhelpline.gov.in/user/signup.php for any grievances related to products or services, ensuring that their voices are heard and that their issues are resolved promptly and effectively.

    The NCH has seen a remarkable reduction in the grievance disposal time. In 2024, the disposal rate of consumer grievances decreased to 48 days, down from 66.26 days in 2023. This reflects a substantial improvement in the resolution time; ensuring consumer’s concerns are addressed promptly.

    A key component of this strategy involves proactively identifying and transitioning companies with the highest number of grievances to ‘convergence partners.’ Once onboarding as a ‘convergence partner’ with NCH, these companies, which have the highest number of unresolved consumer complaints, are required to prioritize swift and effective grievance redressal in collaboration with the NCH. Under its initiative aimed at enhancing consumer welfare and promoting fair trade practices, NCH has successfully surpassed the significant milestone of 1,038 convergence companies to date, up from 263 in 2017.

    This initiative has already yielded promising results, especially in sectors such as education, where faster resolution of consumer complaints has become a priority. With NCH’s AI-driven, sector-specific analysis, these convergence partners can now act more effectively and efficiently in resolving consumer issues, thereby enhancing consumer trust and satisfaction. It is a Win-Win situation for both consumers & companies.

    As a result of this ongoing initiative, many large companies identified with the highest number of consumer grievances have now become official convergence partners of the National Consumer Helpline. Their inclusion is expected to lead to quicker resolutions and a higher disposal rate of consumer grievances, ultimately benefiting millions of consumers across the country.

    The NCH, a vital initiative of Department of Consumer Affairs, Government of India, has proven to be a cornerstone in the effective and timely redressal of consumer grievances. Operating at the pre-litigation stage, the helpline has made significant strides in resolving consumer complaints across a wide range of sectors, including Broadband & Internet, E-commerce, Consumer Durables, Digital Payment Modes, Petroleum, Banking, healthcare, consumer durables, real estate, and automobiles, etc. without requiring consumers to resort to formal legal proceedings.

    Below are key highlights that demonstrate the significant impact of the NCH in promoting consumer rights and enhancing the grievance redressal mechanism:

    Some of the key success stories includes:

    Broadband & Internet: A consumer from West Bengal encountered difficulties in obtaining a refund from an Internet service provider for services that were not availed. After reaching out to the National Consumer Helpline, the issue was resolved promptly. The provider issued a full refund and rectified the consumer’s account. Additionally, other satisfied consumers shared their positive feedback with the department, commending the efficient and effective resolution of their issues.

    E-Commerce Sector: A consumer from Karnataka raised an issue regarding the refund and return of a defective product received from an online retailer. Following the intervention of the National Consumer Helpline (NCH), the product was replaced, and a refund was promptly facilitated, enhancing the consumer’s trust in e-commerce platforms. Furthermore, the consumer shared their positive feedback, reflecting their increased trust in NCH 2.0. The review emphasized the effectiveness and reliability of the helpline in resolving issues swiftly and efficiently, further bolstering consumer confidence in the platform’s services.

    Consumer Durables: A citizen from Rajasthan reported a major malfunction in a product he had purchased. Despite his continuous requests, the company had failed to address the issue. With the assistance of the National Consumer Helpline (NCH), the product was promptly replaced, and the company issued a formal apology. Furthermore, consumers from different states shared their valuable feedback about the NCH team, praising their professionalism and efficiency in resolving grievances.

    Digital Payment Mode: A complaint was raised by a consumer from Delhi who was unable to use his online transaction service, and an amount of Rs. 45,000/- was frozen in his account. After engaging the National Consumer Helpline (NCH), the issue was resolved swiftly, with the bank unfreezing the amount and restoring the consumer’s access to their account. Furthermore, other satisfied consumers shared their positive reviews with the department, praising the efficient and timely intervention by NCH in resolving their grievances.

     

    Petroleum: A buyer in Telangana encountered extra charges that exceeded the MRP when receiving a cylinder he had booked. With the intervention of the National Consumer Helpline (NCH), the issue was swiftly resolved, and the consumer was compensated, safeguarding his rights.  Additionally, consumers from various corners of the nation shared their views regarding the operation of NCH 2.0.

    ****

    Abhishek Dayal/Nihi Sharma

    (Release ID: 2100545) Visitor Counter : 15

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Food 4 Less/Foods Co. and Ralphs Team Up with County of Los Angeles, Federal Emergency Management Agency and Small Business Administration to Support Communities & Businesses Impacted by Wildfires

    Source: US Federal Emergency Management Agency

    Headline: Food 4 Less/Foods Co. and Ralphs Team Up with County of Los Angeles, Federal Emergency Management Agency and Small Business Administration to Support Communities & Businesses Impacted by Wildfires

    Food 4 Less/Foods Co. and Ralphs Team Up with County of Los Angeles, Federal Emergency Management Agency and Small Business Administration to Support Communities & Businesses Impacted by Wildfires

    Los Angeles, CA – Food 4 Less/Foods Co. and Ralphs Grocery Company are continuing their support for local communities impacted by wildfires through a new partnership with the Federal Emergency Management Agency (FEMA), the Small Business Administration (SBA), and County of Los Angeles. The partnership was developed to provide critical recovery resources for businesses, employees, and residents impacted by the recent wildfires. Resource stations will be set up at Ralphs and Food 4 Less stores in Malibu, Venice, and Pasadena—including the Food 4 Less location closest to the heavily impacted Altadena area, where an estimated 9,400 residential and business structures have been affected.As part of this effort, FEMA and SBA representatives will be stationed at the following store locations to offer direct support between 9AM to 5PM PST until Saturday, February 8, 2025:Food 4 Less: 1329 N Lake Ave, Pasadena, CA 91104Ralphs: 910 Lincoln Blvd, Venice, CA 90291Ralphs: 23841 Malibu Rd, Malibu, CA 90265At these locations, FEMA will provide essential information and resources for individuals and families impacted by the fires, while the SBA will assist affected businesses, homeowners and renters with financial guidance and recovery support.​​“We know how overwhelming recovery can be after a disaster, and we want people to know they’re not alone,” said Curtis Brown, Federal Coordinating Officer. “By working with Ralphs and Food 4 Less, we’re bringing support directly to the communities that need it most—making it easier for families and businesses to get the help they need to rebuild and move forward.”This initiative is part of Ralphs and Food 4 Less/Foods Co.’s’ broader commitment to disaster recovery efforts, offering impacted associates and community members a direct link to federal assistance. Our primary role is to serve as a key access point for those seeking support.In addition, Bracken’s Kitchen will be on-site at the Pasadena Food 4 Less throughout the week, continuing their mission to provide free, hot meals to those affected by the fires, offering much-needed nourishment and support to the community*.“As a community-driven organization, we are dedicated to helping our associates, customers, and local businesses recover in the wake of these devastating wildfires,” said Salvador Ramirez, corporate affairs manager at Food 4 Less/ Foods Co. and Ralphs Grocery Company. “By teaming up with FEMA and the SBA, we’re ensuring our stores serve as accessible resource hubs for those in need during this challenging time.”In response to the fires, Food 4 Less/Foods Co., Ralphs Grocery Company, and The Kroger Family of Companies (NYSE:KR) have been working to provide essential support, delivering food, water, and supplies to evacuees, firefighters, and first responders. The Kroger Family of Companies is also raising $1 million for disaster relief and recovery, including $500,000 in company matching funds for customer donations to the American Red Cross and Feeding America’s local food banks.*While supplies last.# # #About Food 4 Less/Foods Co.:We are dedicated to our purpose: to Feed the Human Spirit™. Food 4 Less/Foods Co is more than 9,000 associates serving customers in 121 price-impact, warehouse-format supermarkets under the banners Food 4 Less in Southern California, Illinois and Indiana, and Foods Co in Central and Northern California. From the company’s headquarters in Los Angeles County, Food 4 Less is a recognized leader in community service and giving. The company supports Kroger’s Zero Hunger | Zero Waste initiative aimed at ending hunger in our communities and eliminating waste within our company by the year 2025. Food 4 Less is a subsidiary of The Kroger Co., (NYSE:KR), one of the world’s largest retailers, based in Cincinnati, Ohio. For more information about Food 4 Less/Foods Co, please visit our websites at www.food4less.com and www.foodsco.com.About Ralphs Grocery Company:Ralphs Grocery Company is dedicated to our purpose: to Feed the Human Spirit™. We are more than 18,000 associates serving customers in 184 supermarkets across Southern California. From the company’s headquarters in Los Angeles County, Ralphs is a recognized leader in community service and giving. The company supports Kroger’s Zero Hunger | Zero Waste initiative aimed at ending hunger in our communities and eliminating waste within our company by the year 2025. Ralphs is a subsidiary of The Kroger Co., (NYSE:KR), one of the world’s largest retailers, based in Cincinnati, Ohio. For more about Ralphs, please visit our website at www.ralphs.com.
    brandi.richard…
    Fri, 02/07/2025 – 00:00

    MIL OSI USA News –

  • MIL-OSI: Defiance Launches ORCX, The First 2X Leveraged Single-Stock ETF on Oracle Corporation.

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) — Defiance ETFs is proud to unveil ORCX, the first 2X long ETF for Oracle Corporation. ORCX seeks to provide 200% long daily targeted exposure to Oracle Corporation (NYSE: ORCL) (the “Underlying Security” or “ORCL”). Defiance’s single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account.

    “Defiance is excited to launch ORCX, which seeks to provide amplified exposure to Oracle. Oracle’s Stargate initiative is a game-changer, enhancing multi-cloud connectivity and driving seamless data integration across platforms. This innovation enhances Oracle’s position in enterprise AI and cloud infrastructure, presenting a potential growth avenue for investors interested in the evolving tech landscape,” said Sylvia Jablonski, CEO of Defiance ETFs.

    The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues a daily leveraged investment objective, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its Underlying Security. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the Underlying Security’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Security’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

    An investment in the ETF is not an investment in Oracle Corporation.

    About Defiance ETFs

    Founded in 2018, Defiance is at the forefront of ETF innovation. Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs.

    Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.

    Important Disclosures

    The fund attempts to provide daily investment results that correspond to two times (200%) the share price performance of an underlying exchange-traded fund (an “Underlying Security”). The Fund is not intended to be used by, and are not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund is very different from most mutual funds and exchange-traded funds. The Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Underlying Security, and may return substantially less during such periods. During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns.

    The Fund’s investment adviser will not attempt to position a Fund’s portfolio to ensure that the Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if an Underlying Security’s share price referenced by a Fund decreases by more than 50% on a given trading day, the corresponding Fund’s investors could lose all of their money.

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read carefully before investing. A hard copy of the prospectuses can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    Underlying Security Risk. The Fund invests in swap contracts and options that are based on the share price of ORCL. This subjects the Fund to certain of the same risks as if it owned shares of ORCL, even though it does not.

    Indirect Investment in ORCL Risk. ORCL is not affiliated with the Trust, the Fund, or the Adviser, or their respective affiliates and is not involved with this offering in any way and has no obligation to consider your Shares in taking any corporate actions that might affect the value of Shares.

    ORCL Trading Risk. The trading price of ORCL may be subject to volatility and could experience wide fluctuations due to various factors. Short sellers may also play a significant role in trading ORCL, potentially affecting the supply and demand dynamics and contributing to market price volatility. Public perception and external factors beyond the company’s control may influence ORCL’s stock price disproportionately.

    ORCL Performance Risk. ORCL may fail to meet its publicly announced guidelines or other expectations about its business, which could cause the price of ORCL to decline. ORCL provides guidance regarding its expected financial and business performance, such as projections regarding sales and production, as well as anticipated future revenues, gross margins, profitability and cash flows. Correctly identifying key factors affecting business conditions and predicting future events is inherently an uncertain process, and the guidance ORCL provides may not ultimately be accurate.

    Software Industry Risk. The software industry can be significantly affected by intense competition, aggressive pricing, technological innovations, and product obsolescence. Companies in the software industry are subject to significant competitive pressures, such as aggressive pricing, new market entrants, competition for market share, short product cycles due to an accelerated rate of technological developments and the potential for limited earnings and/or falling profit margins.

    Operations and Business Risks. ORCL may be unsuccessful in developing and selling new products and services, integrating acquired products and services and enhancing its existing products and services.

    Data Security Risks. If ORCL’s security measures for its products and services are compromised and as a result, its data, its customers’ data or its IT systems are accessed improperly, made unavailable, or improperly modified, ORCL’s products and services may be perceived as vulnerable, its brand and reputation could be damaged, the IT services ORCL provides to its customers could be disrupted, and customers may stop using ORCL’s products and services, any of which could reduce ORCL’s revenue and earnings, increase its expenses and expose it to legal claims and regulatory actions.

    Intellectual Property Risks. ORCL relies on copyright, trademark, patent and trade secret laws, confidentiality procedures, controls and contractual commitments to protect its intellectual property. Despite ORCL’s efforts, these protections may be limited.

    Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of the Underlying Security will be magnified.

    High Portfolio Turnover Risk. Daily rebalancing of the Fund’s holdings pursuant to its daily investment objective causes a much greater number of portfolio transactions when compared to most ETFs.

    Liquidity Risk. Some securities held by the Fund may be difficult to sell or be illiquid, particularly during times of market turmoil. Markets for securities or financial instruments could be disrupted by a number of events, including, but not limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation or regulatory changes inside or outside the United States.

    Derivatives Risk. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, leverage, imperfect daily correlations with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Underlying Security’s performance, before the Fund’s management fee and other expenses.

    Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security, may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Diversification does not ensure a profit nor protect against loss in a declining market.

    Brokerage Commissions may be charged on trades.

    Distributed by Foreside Fund Services, LLC

    Contact Information:

    David Hanono

    833.333.9383
    info@defianceetfs.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9a2f6854-1043-4edc-8250-60065d17e319

    The MIL Network –

  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 10 February

    Source: Mayor of London

    PUBLIC MEETINGS

    Monday 10 February

    Major sporting events in London

    Economy, Culture and Skills Committee – Chamber, City Hall, Kamal Chunchie Way, 2pm

    Analysis from 2021 by London & Partners found that the total economic value generated by the 305 major sporting events held in London between 2017 and 2020 was £1.03 billion.

    The Economy, Culture and Skills Committee will meet to discuss the economic impact of major sporting events in London, looking at the role of the Mayor in bringing more sporting events to the city.

    The guests are:

    Panel 1: 2:00pm-3:30pm:

    • Nick Bitel, Chief Executive Officer, London Marathon Group
    • Mark Camley, Executive Director of Park and Venues, London Legacy Development Corporation
    • Esther Britten MBE, Head of Events and External Affairs, UK Sport
    • Councillor Muhammed Butt, Leader, London Borough of Brent

    Panel 2: 3:35pm-5:00pm:

    • Howard Dawber, Deputy Mayor for Business and Growth
    • Katie Morrison, Interim Assistant Director, External Relations, Greater London Authority (GLA)
    • James Fitzgerald, Host City Programmes Director, GLA
    • Rose Wangen-Jones, Managing Director, Marketing, Destination & Commercial, London & Partners

    MEDIA CONTACT: Anthony Smyth on 07763 251727 / [email protected]

    Tuesday 11 February

    Planning and tall buildings

    Planning and Regeneration Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    A lot of work looking at the experiences of residents in tall buildings originated in the 1960s and 1970s and focused on social housing. In recent decades, there has been a shift in the types of homes being delivered by tall buildings towards private accommodation.

    The Planning and Regeneration Committee will ask the Deputy Mayor for Planning, and guests from the Greater London Authority (GLA) and London Boroughs about how they set policies and take decisions around the delivery of tall buildings in London.

    The guests are:

    Panel 1: 10am – 11.15am:

    • Michael Ritchie, Place Shaping Manager, London Borough of Tower Hamlets
    • Michael Forrester, Head of Development Management, London Borough of Lewisham

    Panel 2: 11.30am – 12.30pm:

    • Jules Pipe CBE, Deputy Mayor for Planning, Regeneration and the Fire Service
    • Alan Smithies, Principal Strategic Planner, GLA

    MEDIA CONTACT: Josh Hunt on 07763 252310 / [email protected]

    Wednesday 12 February

    Q&A with the Met Commissioner

    Police and Crime Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    In the Met Police Commissioner’s December report for the London Policing Board, it was highlighted that a series of “tough choices” may have to be implemented to meet the expected budget gap of £450m in the Met’s 2025-26 budget.

    The Police and Crime Committee will question the Met Police Commissioner on these “tough choices”, whether they will save the amount of money required, and how the Met will secure further funding to minimise these cuts. The Committee will also explore grooming gangs and stop and search. 

    The guests are:

    • Sir Mark Rowley, Commissioner of the Metropolitan Police
    • Kaya Comer-Shwartz, Deputy Mayor for Policing and Crime

    MEDIA CONTACT: Anthony Smyth on 07763 251727 / [email protected]

    Thursday 13 February

    London Fire Brigade Plenary

    All Assembly meeting – Chamber, City Hall, Kamal Chunchie Way, 10am

    What are the key priorities for the London Fire Brigade this year?

    Assembly Members will ask questions about building safety, Lithium-ion battery powered E-bikes and E-scooters, EV buses fire risk, home fire safety visits and more.

    The guests are:

    • Jules Pipe CBE, Deputy Mayor for Planning, Regeneration and the Fire Service
    • Andy Roe KFSM, London Fire Brigade Commissioner

    MEDIA CONTACT: Alison Bell on 07887 832 918 / [email protected] 

    MIL OSI United Kingdom –

  • MIL-OSI Russia: “The situation in Russian science looks stable and positive”

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Higher School of Economics

    On the eve of Russian Science Day, TASS held a press conference dedicated to the results of the third round of the comprehensive study “We do science in Russia” He was conducted Institute for Statistical Research and Economics of Knowledge (ISSEZ) HSE. The authors of the study and experts representing higher education, research institutes and industry spoke about the state of domestic science, the drivers of its development, the dynamics of change and the barriers that need to be overcome.

    The first “Making Science in Russia” study was conducted in 2017, the second round took place in 2022, and the third from October to November 2024.

    Present and future

    As explained by the first vice-rector, director of the HSE ISSEK Leonid Gokhberg, the basis of the study was the results of a survey of the heads of 719 universities and leading scientific organizations, which make up almost the entire core of Russian science. These are “the key players who make the weather in this area and determine its development with their daily practices.”

    The assessment was carried out on 87 factors grouped into 8 large blocks, which made it possible to determine the sentiment index in Russian science. In the second step, the researchers identified 47 measures of state scientific and technical policy, assessed their effectiveness on a number of parameters and rated them.

    “The situation in Russian science looks stable and positive, there is progress compared to previous rounds of the study,” Leonid Gokhberg noted. For example, assessments related to the institutional conditions of functioning of universities and scientific organizations have improved – first of all, we are talking about increasing awareness of policy measures and regulation of important aspects of their daily life (regulation of state assignments and state purchases, tender procedures, etc.).

    Representatives of the scientific sphere assess the prospects for the coming years even more optimistically. Expectations are connected with further increase in the efficiency of scientific research, cooperation with business and stimulation of investment inflow from commercial structures, development of the information base of science.

    At the same time, the situation looks different in different sectors. “Universities are feeling the best, and this correlates with the measures of their support that have been launched in recent years and have had a rather positive impact on the development of university science,” Leonid Gokhberg stated.

    Financing

    The director continued the topic Center for Statistics and Monitoring of Science and Innovation ISSEK Ekaterina Streltsova, touching upon “the most sensitive issue” – funding of science.

    This block received the most restrained assessment from the scientific community, but this does not mean that everything is bad. Science is financed from many sources, and the study showed that the situations with different sources differ for different organizations. Key sources of budgetary financing are assessed more restrainedly in general, since they may not be very relevant for non-profit organizations that participated in the survey (for example, grants from Russian scientific foundations).

    “We see a significant improvement in the situation for all types of organizations compared to 2022, as budget expenditures on science are steadily increasing. This year, almost 3% of federal budget funds are planned to be allocated to support science, this is the highest figure in the last ten years, and we hope that funding for science will continue to increase,” Ekaterina Streltsova emphasized.

    Organizations of all types were skeptical about the provision of funding from state companies and especially from business, and, in her opinion, this is a predictable result given the current structure of funding for Russian science. In recent years, the business sector has provided about 30% of the costs of science, and although this figure has increased compared to 2010, measures are needed to stimulate investment.

    Of all the sources of funds, foreign organizations received the lowest ratings. “It was these ratings that influenced the overall score for the entire area and pulled it down, and this is understandable,” says Ekaterina Streltsova. “Foreign resources have never been significant for the development of Russian science; in the last five to six years, the share of these sources in the total volume of expenses has not exceeded 2.5%.”

    Personnel and equipment

    Ekaterina Streltsova noted that the human resources potential received a positive assessment for most factors: the managers are satisfied with both the quantitative and qualitative characteristics of the scientific personnel they work with. Compared to 2022, some values have improved due to the implementation of a whole range of measures. Difficulties are associated with attracting foreign researchers and participation in international projects.

    The assessment of material and technical conditions is also quite stable: organizations are generally optimistic about the availability of scientific equipment and consumables, but many note the complication of supplies from abroad. The availability of access to specialized domestic software and Russian AI-based systems is assessed cautiously, but it is in this area that expectations are high and positive.

    The weak point remains the commercialization of results – their promotion and implementation in the economy. For example, universities and research organizations are actively involved in patent activities, but their contribution to the development of licensing activities in the domestic market is still limited. Obviously, this is due, among other things, to insufficient dialogue between science and business. “Although the situation has improved somewhat compared to 2022, we see that the intensity of interaction with business in the form of joint laboratories, basic departments, and so on is still assessed rather restrainedly, which, of course, requires further implementation, including of the measures already in force,” concluded Ekaterina Streltsova.

    “A most interesting analysis”

    The results of the study “Making Science in Russia” were commented on by representatives of science, higher education and industry.

    Director of the Joint Institute for Nuclear Research, Academician of the Russian Academy of Sciences Grigory Trubnikov noted that HSE scientists conducted “a most interesting analysis.” In his opinion, over three rounds of research, “analytics has taken off,” it has a large audience, and the data can be trusted.

    Commenting on the conclusions about science funding, he put forward the hypothesis that the problem is not that it should be increased, say, twofold, but that “science should be done faster” — this is the main request of the scientific community. If we remove the obstacles associated with control, procurement procedures, academic mobility, and foreign restrictions, then the competitiveness of Russian science will increase.

    Grigory Trubnikov also noted that in terms of international cooperation, everything depends on the specific organization, and things are going well at his institute in Dubna – cooperation with China, Mexico, Brazil is developing, and this is a noticeable trend in general.

    Stanislav Terekhov, head of the laboratory of antibiotic resistance at the Institute of Bioorganic Chemistry of the Russian Academy of Sciences, highly praised the existing measures to support science, including the creation of youth laboratories (his laboratory is one of them). In his opinion, this allows the best personnel to be retained in the country and students and postgraduates to be integrated into laboratory practice, but state support should be supplemented by private initiatives.

    Science and Business

    Director of the Institute of Translational Medicine and Biotechnology at Sechenov University Vadim Tarasov emphasized the links between science and business in his speech. In his opinion, the Priority 2030 program “gave universities a huge opportunity to be flexible in their interactions with industry,” and now it is necessary to set goals for 10-15 years ahead, understanding what technologies the country needs to ensure sovereignty, and which ones are worth entering foreign markets with.

    First Vice President for MTS Technologies, Head of the MTS Basic Department at HSE Pavel Voronin also highly praised the study, calling it very complete and high-quality.

    In his opinion, science is the foundation for technology, and “the geopolitical situation requires us to invest more in this fundamental part,” but the economic situation forces many companies in the market to approach finances prudently. When it is necessary to monitor expenses more closely, the first thing that is cut is unpredictable, long-term investments. “From a business point of view, it is important not to get caught in these scissors, to correctly determine priorities and leave a certain share of investments for long-term research,” concluded Pavel Voronin.

    Head of the scientific and technical cooperation department of the State Corporation Rosatom Ekaterina Chaban stated that in her corporation “every scientific project is also a business project” and confirmed the researchers’ findings on the successful attraction of young people to science. In the scientific division of Rosatom, out of 2 thousand scientists, 38% are under 35 years old, 48% are under 39 years old, and among the directors of institutes there are scientists and designers under 40 years old. “The corporation does a lot to maintain the influx of young people and retain young personnel,” she explained.

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

    MIL OSI Russia News –

  • MIL-OSI: BFCM – 2024 Full year results

    Source: GlobeNewswire (MIL-OSI)

    Results for the year ended December 31, 2024 Press Release
      Strasbourg, February 6, 2025
    Results for the year ended December 31, 2024 2024 2023 Change 2024/2023
    RECORD NET REVENUE €12.370bn €11.808bn         +4.8%
    of which retail banking €8.413bn €8.410bn         0.0%
    of which specialized business lines €2.916bn €2.563bn         +13.8%
    GENERAL OPERATING EXPENSES UNDER CONTROL
    POSITIVE SCISSOR EFFECT    		 -€6.268bn -€6.057bn         +3.5%
    HIGHER COST OF RISK DUE TO THE ECONOMIC CLIMATE AND INCREASED PROVISIONS -€1.807bn -€1.279bn         +41.3%
    NET INCOME AT RECORD LEVEL €3.412bn €3.345bn         +2.0%
    GROWTH IN LENDING1
    Home loans Equipment loans and leasing Consumer credit
    €120.7bn €117.2bn €48.2bn
    0.0% +3.0% +5.7%
    SOLID FINANCIAL STRUCTURE
    CET1 Ratio2 Shareholders’ equity
    18.8% €45.20bn

    Download the press releas: Press Releases | Banque Fédérative du Crédit Mutuel

    Press contact :

    Aziz Ridouan: +33(0)6 01 10 31 69 – aziz.ridouan@creditmutuel.fr

    Press contact: +33 (0)3 88 14 84 00 – com-alliancefederale@creditmutuel.fr

    Investor contact :

    Banque Fédérative du Crédit Mutuel – bfcm-web@creditmutuel.fr

    1 Changes in outstandings calculated over 12 months. 2 Ratio estimated at December 31, 2024 for Crédit Mutuel Alliance Fédérale which includes BFCM in its scope of consolidation. The integration of earnings into shareholders’ equity is subject to approval by the ECB.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Getting involved in National Apprenticeship Week

    Source: City of Coventry

    Coventry City Council is helping to mark National Apprenticeship Week from 10 February.

    Coventry City Council is helping to mark National Apprenticeship Week from 10 February by co-ordinating activities to raise awareness about apprenticeship opportunities in the Council and other organisations in Coventry. 

    There are currently over 400 apprentices working at the Council undertaking over 50 different types of apprenticeship across all of our service areas. 

    Cllr Richard Brown, Cabinet Member for Finance, said: “Apprenticeships are a crucial part of the Council’s recruitment process. They offer opportunities for young people who may be looking at post-16 options other than sixth forms, colleges and university courses. 

    “We also work with care leavers and young people who may not be in employment or education. 

    “I’d really encourage parents/carers and teachers and young people to find out more about what the Council can offer. 

    “Our apprentices make a fantastic contribution to the wide range of services we provide.” 

    A week of activities is planned, including online apprenticeship information sessions and a schools’ event at Coventry Rugby Club, involving a range of businesses and organisations offering apprenticeships in Coventry.   

    The Council has apprentices, school apprentices and newly recruited corporate apprentices working in Business Administration, Civil Engineering, Customer Services, Marketing and Events, Electrical Installation, Highways, Horticulture/Gardening, Facilities Services, Finance, IT, Legal, Plumbing/Heating, Vehicle Mechanics and in other services. 

    Apprenticeships are foundation to a great career and offer a range of opportunities and career pathways. As an apprentice at Coventry City Council, people will gain new knowledge, experiences and qualifications, all whilst earning a salary. 

    All apprentices at the Council have a dedicated Apprenticeship Officer that works alongside managers and apprentices to provide: pastoral care and mentoring; access to additional learning and development opportunities; and career advice and guidance. 

    Apprenticeships are a key part of the Council’s plans to train the workforce of the future, so we do all we can do to ensure our apprentices stay with us after completing their apprenticeship. 

    During the week, there will be activities taking place for both current Council apprentices, celebrating their achievements so far, and for future apprentices to get involved with too. 

    Get involved 

    Monday 10 February – Virtual online information sessions for the public, parents/carers and young people 

    Tuesday 11 February – Schools event at Coventry Rugby Club involving 25 + employers in the city 

    Thursday 13 February – Video highlights from staff who have benefited from apprenticeships 

     For details visit coventry.gov.uk/apprenticeships 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Tackling the Gender Export Gap

    Source: Scottish Government

    Tailored support for women entrepreneurs to enter international trade.

    Women-led businesses will receive more help to sell overseas after a study found Scotland could benefit from billions of pounds in extra trade.

    The Gender Export Gap report estimates that Scotland’s trade could increase by between £3.4 billion to £10.3 billion over two years if women-led businesses exported at the same rate as those led by men. From 2016 – 2022, between 2% and 9% fewer women-owned small and medium-sized companies sold overseas compared to those run by men.

    Actions to be introduced include targeting more women to take part in trade missions and export training programmes.

    Business Minister Richard Lochhead launched the report and the Scottish Government’s response during a visit to Raven Botanicals near Haddington, East Lothian, run by Arabella and Charlotte Harvey. The sisters are speaking to a potential overseas client about their award-winning natural skincare and beauty products after participating in trade missions to the United States and Dubai.

    Mr Lochhead said:

    “The untapped export potential of women entrepreneurs identified by this report is astonishing. The measures I am announcing today are just the beginning. We will work with organisations such as Scottish Development International and the Scottish Chamber of Commerce to understand the specific export needs of women-led businesses and provide further assistance.

    “The gender export gap is a worldwide phenomenon and the position in Scotland is typical of comparable countries. However, we are determined to improve and reap the huge economic rewards.”

    Arabella Harvey said:

    “As a business in the early stages of growth, we welcome the commitment to meaningful, tailored support for female entrepreneurs.

    “We have faced challenges accessing export support, even though there’s clear interest from new markets. By empowering female entrepreneurs to step confidently into the global marketplace, we can secure significant economic growth and strengthen Scotland’s reputation on the world stage.”

    Background 

    The Gender Export Gap report

    The Scottish Government’s response to the report.

    The Scottish-Government commissioned research report was authored by Professor Norin Arshed,  Dr Stephen Knox and Dr Carolina Marin Cadavid. 

    Steps to encourage and support more participation of women in trade is a core part of delivering the Scottish Government’s international trade strategy, Scotland’s Vision for Trade.  

    The work also aligns with wider action on women’s entrepreneurship. The Scottish Government confirmed in June 2023 that it would take forward all the recommendations of Ana Stewart’s Pathways: A New Approach for Women in Entrepreneurship.

    Funding allocated to create more opportunities for women in entrepreneurship will increase to at least £4 million in the next financial year, as part of an enhanced enterprise package commitment of £15 million. 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Diner fined for failing to display food hygiene rating

    Source: Northern Ireland City of Armagh

    A food business in Lurgan has been prosecuted in court for failing to display its food hygiene rating.

    Maloney’s Diner at Flush Place Business Park in Lurgan was handed a fine of £500 and ordered to pay additional costs of £163 for the failure to display a valid food hygiene rating sticker under the Food Hygiene Rating Act (Northern Ireland) 2016.

    The business had been allocated a food hygiene rating of 2 following an inspection, however the business continued to display a rating of 5. Environmental Health officers from ABC Council had issued warning letters to the business in September 2024 for failing to display the correct food hygiene rating.

    A spokesperson for ABC Council said the food hygiene rating scheme provides information on businesses’ hygiene standards to help consumers choose where to eat out or shop for food.

    “It is a legal requirement for all food businesses to display their food hygiene rating. This prosecution reinforces that council officers are checking on businesses to ensure they are displaying the correct rating,” said the spokesperson.

    “Environmental Health Officers allocate a rating based on the standards found at the time of inspection. The officer will check how hygienically the food is handled, how it is prepared, cooked, re-heated, cooled and stored.

    “They also check the condition of the buildings for cleanliness, layout, lighting, ventilation and other facilities and how the business manages and records what it does to make sure food is safe.”

    Our officers will continue to work with all food businesses in the Borough to ensure that high standards of food hygiene are achieved.

    For more information about the food hygiene rating scheme in the ABC Borough please visit – www.armaghbanbridgecraigavon.gov.uk/business/food-safety/

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Warmer Homes London launches to help vulnerable Londoners heat their homes and save money

    Source: Mayor of London

    • Warmer Homes London (WHL) will see the Mayor of London and London Councils work in partnership with London boroughs and housing associations to unlock millions of pounds from a national pot of £1.79bn to spend on energy saving measures for the most vulnerable residents in the capital.  
    • WHL will make London’s homes greener and turbocharge the installation of insulation, solar panels and heat pumps across the capital.
    • The Mayor of London and London Councils are funding Warmer Homes London together, with the Mayor investing £10m to establish a new hub to ensure that the programme is delivered at pace. London boroughs are also investing £400,000 in start-up costs.  
    • London boroughs and housing associations have committed to match national funding, to make tens of thousands of homes across London more energy efficient and save Londoners money on their bills.   
    • The new ‘one-London approach’ will for the first time offer councils a certain, long-term funding stream to retrofit homes in their boroughs.

    Today the Mayor of London, Sadiq Khan, and London Councils launched a new programme to transform the approach to making the capital’s homes warmer and more energy efficient and reducing Londoners’ energy bills. Warmer Homes London (WHL) will forge bolder ways to upgrade London’s homes as part of the retrofit revolution.    

    WHL is being rolled out in partnership with London boroughs and housing associations to make homes across London warmer, cheaper to run and more energy efficient.    

    The Mayor will invest almost £10 million over four years through WHL, which will for the first time provide a central hub for green housing funding and information. Until now, boroughs have had to apply for funding individually, led by the Government’s funding rounds. This created costs and long-term uncertainty. WHL will create a ‘one-London approach’, forming a close link with Government and providing reliable, long-term funds to boroughs, meaning they will have the certainty they need to progress retrofit works in their area. The new ‘hub’ will enable a more co-ordinated approach with Government, increasing bargaining power with Ministers and enabling homes to be improved at a larger scale and faster pace. 

    The initiative will help thousands of Londoners save money on their energy bills by funding energy efficient measures such as better insulation, replacing of fossil fuel heating and the introduction of heat pumps. Social landlords (organisations such as local authorities and housing associations who provide affordable housing for rent without a profit), low income owner occupiers and low income private tenants can access the opportunity to take part in the initiative. This will ensure that Londoners who are most vulnerable to fuel poverty will be able to benefit from the funding, whether they rent or own their home.  

    WHL will help secure funding from the Government’s Warm Homes Social Fund and Warm Homes Local Grant funding streams, which is a total national amount of £1.79bn during 2025–2028. WHL will focus on installing energy saving measures in low income private housing. 

    London’s homes are responsible for one third of the capital’s carbon emissions and many are not energy efficient, meaning they cost more to warm up in the winter and lose heat quickly. They can also be uncomfortably hot during summer heatwaves. High living costs and rising fuel prices have meant that even more Londoners now face fuel poverty, with many people having to choose between heating their home or spending money on food. In social rented homes with poor energy efficiency, 56 per cent of households are living in fuel poverty*. Making these homes more energy efficient is a key part of London’s efforts to tackle the climate emergency.   

    The Mayor of London, Sadiq Khan, said:  “Londoners have been struggling for years with sky-high energy bills. Warmer Homes London will help Londoners save money on their bills by making their homes more energy efficient and cheaper to heat.

    “By working in close collaboration with local councils and housing associations, Warmer Homes London will enable us to upgrade more homes, and do it more quickly avoiding unnecessarily long wait times for home improvement works.

    “Making our homes more energy efficient is a priority for me, but also the new government. Through this new initiative we will be able to unlock more national funding from the Government for homes in London. Together, we can build a better, safer and greener London for everyone.”

     Cllr Claire Holland, Chair of London Councils said:  

    “With 379,000 households in London living in fuel poverty, taking action to make homes in our city warmer and more energy efficient is vital for our residents’ health, wellbeing and finances.

    “Warmer Homes London will bring together London boroughs, the Mayor of London, housing associations and government to drive this work forward. It aims to unlock millions of pounds  of investment to deliver improvements to tens of thousands of  homes across London, making them more energy efficient, reducing their environmental impact and saving Londoners money on their bills.

    “Warmer Homes London is a perfect example of how tackling the climate emergency and improving the lives of our residents go hand-in-hand, with joint working across all levels of government vital to achieving this.”

    Minister for Energy Consumers Miatta Fahnbulleh said:

    “Everyone deserves to live in a warm, comfortable home.

    “Warmer Homes London marks an important step towards making thousands of homes cheaper to run for Londoners with clean energy, while cutting fuel poverty across the capital.

    “It will also support delivery of our Warm Homes Plan, which is set to benefit up to 300,000 homes with energy saving upgrades this financial year.” 

    MIL OSI United Kingdom –

  • MIL-OSI: GPTBots.ai Redefines On-Premise AI Excellence with DeepSeek Integration

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 07, 2025 (GLOBE NEWSWIRE) — GPTBots.ai, a leading enterprise AI agent platform, is proud to unveil its enhanced on-premise deployment solutions powered by the integration of the highly acclaimed DeepSeek LLM. This integration empowers enterprises to harness the advanced capabilities of DeepSeek while leveraging GPTBots’ robust, enterprise-grade platform, delivering a secure, flexible, and scalable AI solution tailored to diverse business needs.

    As businesses worldwide accelerate their adoption of AI, GPTBots.ai provides a comprehensive platform that combines cutting-edge technology with industry-specific solutions, enabling enterprises to achieve measurable results while maintaining full control over their data and infrastructure.

    Cost-Effective AI Deployment for Businesses of All Sizes

    DeepSeek’s lightweight architecture, including its MoE (Mixture of Experts) design, significantly reduces the hardware and operational costs associated with AI deployment:

    • Optimized Resource Utilization: DeepSeek can operate seamlessly on consumer-grade GPUs (e.g., RTX 4090), eliminating the need for expensive high-end clusters.
    • Energy Efficiency: Enhanced inference optimization reduces energy consumption, making it ideal for businesses prioritizing cost control and sustainability.

    When deployed through GPTBots, enterprises benefit from streamlined workflows, pre-configured tools, and optimized resource allocation, ensuring a lower total cost of ownership while maintaining high performance.

    Transforming On-Premise AI for Industry-Specific Applications

    The integration of DeepSeek into GPTBots’ platform delivers significant value across industries, enabling businesses to address unique challenges and unlock new opportunities:

    • Retail, E-Commerce, and Gaming: GPTBots revolutionizes customer support by automating inquiries, providing 24/7 multilingual assistance, and enhancing user experiences. A global gaming platform using GPTBots reduced response times by 95% and automated 98% of inquiries, freeing resources for creative tasks.
    • Finance: GPTBots streamlines customer service, compliance workflows, and risk analysis, reducing operational costs while improving customer satisfaction and regulatory adherence.
    • Energy: GPTBots supports real-time monitoring and data analysis, helping energy companies optimize resource allocation and equipment management. Businesses can leverage GPTBots for equipment failure prediction, energy consumption analysis, and renewable energy management, thereby improving operational efficiency and reducing costs.
    • Government and Enterprises: GPTBots provides intelligent administrative management and public service support for government and enterprise sectors, enhancing service efficiency and decision-making quality. For example, GPTBots can be used for automated government service consultations, policy interpretation, and the intelligent upgrade of public service platforms, driving digital transformation for government and enterprise organizations.

    Flexible Deployment for Data Control and Security

    GPTBots’ on-premise deployment ensures enterprises maintain full control over their data, aligning with the highest standards of security and operational independence:

    • Data Ownership: All data is stored within the enterprise’s infrastructure, ensuring complete autonomy and privacy.
    • Advanced Security Protocols: GPTBots provides enterprise-grade SLA guarantees, role-based access control, and encryption, safeguarding sensitive information and critical operations.

    This approach is particularly valuable for industries such as finance, healthcare, and legal services, where data privacy and compliance are paramount.

    Empowering Enterprises to Embrace AI with Confidence

    GPTBots’ integration of DeepSeek is more than just a technological advancement—it’s a commitment to empowering businesses to thrive in the AI-driven era. By combining DeepSeek’s advanced capabilities with GPTBots’ enterprise-grade platform, businesses gain access to:

    • Customizable Solutions: Tailor AI deployments to specific business needs with GPTBots’ no-code/low-code platform and robust APIs.
    • Comprehensive Tool Ecosystem: From LinkedIn and HubSpot integrations to advanced image generation tools, GPTBots provides everything enterprises need to automate workflows and enhance productivity.
    • End-to-End Support: From deployment to ongoing optimization, GPTBots offers professional services to ensure long-term success.

    “GPTBots is committed to empowering businesses with the tools they need to innovate and grow,” said Jerry Yin, VP of GPTBots.ai. “By integrating DeepSeek into our on-premise deployment solutions, we’re providing a powerful, secure, and flexible AI platform that drives measurable results across industries.”

    About GPTBots.ai

    GPTBots.ai is an enterprise AI agent platform that empowers businesses to streamline operations, enhance customer experiences, and drive growth. Offering end-to-end AI solutions across customer service, knowledge search, data analysis, and lead generation, GPTBots enables enterprises to harness the full potential of AI with ease. With seamless integration into various systems, and support for scalable, secure deployments, GPTBots is dedicated to reducing costs, accelerating growth, and helping businesses thrive in the AI era.

    For more information, visit www.gptbots.ai.

    Media Contact:
    Silvia
    Senior Marketing Manager
    marketing@gptbots.ai

    The MIL Network –

  • MIL-OSI: Aurora Mobile’s GPTBots.ai Integrates DeepSeek into On-Premise Al Solutions

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, Feb. 07, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its leading enterprise AI agent platform, GPTBots.ai, has unveiled its enhanced on-premise deployment solutions powered by the integration of the highly acclaimed DeepSeek LLM. This integration empowers enterprises to harness the advanced capabilities of DeepSeek while leveraging GPTBots’ robust, enterprise-grade platform, delivering a secure, flexible, and scalable AI solution tailored to diverse business needs.

    As businesses worldwide accelerate their adoption of AI, GPTBots.ai provides a comprehensive platform that combines cutting-edge technology with industry-specific solutions, enabling enterprises to achieve measurable results while maintaining full control over their data and infrastructure.

    Cost-Effective AI Deployment for Businesses of All Sizes

    DeepSeek’s lightweight architecture, including its MoE (Mixture of Experts) design, significantly reduces the hardware and operational costs associated with AI deployment:

    • Optimized Resource Utilization: DeepSeek can operate seamlessly on consumer-grade GPUs (e.g., RTX 4090), eliminating the need for expensive high-end clusters.
    • Energy Efficiency: Enhanced inference optimization reduces energy consumption, making it ideal for businesses prioritizing cost control and sustainability.

    When deployed through GPTBots, enterprises benefit from streamlined workflows, pre-configured tools, and optimized resource allocation, ensuring a lower total cost of ownership while maintaining high performance.

    Transforming On-Premise AI for Industry-Specific Applications

    The integration of DeepSeek into GPTBots’ platform delivers significant value across industries, enabling businesses to address unique challenges and unlock new opportunities:

    • Retail, E-Commerce, and Gaming: GPTBots revolutionizes customer support by automating inquiries, providing 24/7 multilingual assistance, and enhancing user experiences. A global gaming platform using GPTBots reduced response times by 95% and automated 98% of inquiries, freeing resources for creative tasks.
    • Finance: GPTBots streamlines customer service, compliance workflows, and risk analysis, reducing operational costs while improving customer satisfaction and regulatory adherence.
    • Energy: GPTBots supports real-time monitoring and data analysis, helping energy companies optimize resource allocation and equipment management. Businesses can leverage GPTBots for equipment failure prediction, energy consumption analysis, and renewable energy management, thereby improving operational efficiency and reducing costs.
    • Government and Enterprises: GPTBots provides intelligent administrative management and public service support for government and enterprise sectors, enhancing service efficiency and decision-making quality. For example, GPTBots can be used for automated government service consultations, policy interpretation, and the intelligent upgrade of public service platforms, driving digital transformation for government and enterprise organizations.

    Flexible Deployment for Data Control and Security

    GPTBots’ on-premise deployment ensures enterprises maintain full control over their data, aligning with the highest standards of security and operational independence:

    • Data Ownership: All data is stored within the enterprise’s infrastructure, ensuring complete autonomy and privacy.
    • Advanced Security Protocols: GPTBots provides enterprise-grade SLA guarantees, role-based access control, and encryption, safeguarding sensitive information and critical operations.

    This approach is particularly valuable for industries such as finance, healthcare, and legal services, where data privacy and compliance are paramount.

    Empowering Enterprises to Embrace AI with Confidence

    GPTBots’ integration of DeepSeek is more than just a technological advancement—it’s a commitment to empowering businesses to thrive in the AI-driven era. By combining DeepSeek’s advanced capabilities with GPTBots’ enterprise-grade platform, businesses gain access to:

    • Customizable Solutions: Tailor AI deployments to specific business needs with GPTBots’ no-code/low-code platform and robust APIs.
    • Comprehensive Tool Ecosystem: From LinkedIn and HubSpot integrations to advanced image generation tools, GPTBots provides everything enterprises need to automate workflows and enhance productivity.
    • End-to-End Support: From deployment to ongoing optimization, GPTBots offers professional services to ensure long-term success.

    “GPTBots is committed to empowering businesses with the tools they need to innovate and grow,” said Jerry Yin, VP of GPTBots.ai. “By integrating DeepSeek into our on-premise deployment solutions, we’re providing a powerful, secure, and flexible AI platform that drives measurable results across industries.”

    About GPTBots.ai

    GPTBots.ai is a complementary general-purpose LLM AI bot featuring private data input and continuous fine-tuning, which can replace ‘rule-based’ chatbots, improve user experience, and reduce costs. GPTBots.ai aims to provide users with an end-to-end business platform that can seamlessly integrate robots into existing applications and workflows via plug-ins. GPTBots.ai also allow users to have great access to, and more efficiently and effectively using, AIGC to improve overall corporate productivity and output quality.

    To know more, please visit https://www.gptbots.ai.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited

    E-mail: ir@jiguang.cn

    Christensen

    In China

    Ms. Xiaoyan Su

    Phone: +86-10-5900-1548

    E-mail: Xiaoyan.Su@christensencomms.com

    In U.S.

    Ms. Linda Bergkamp

    Phone: +1-480-614-3004

    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • MIL-OSI Economics: Asian Development Blog: Preparing the Nation for Integration: Timor-Leste’s Path to ASEAN

    Source: Asia Development Bank

    Timor-Leste has taken major steps toward joining the Association of Southeast Asian Nations, but challenges remain. Strengthening governance, promoting investments, expanding trade, and enhancing human capital are still needed

    Timor-Leste is a young democracy facing significant development challenges. The poverty rate remains high at 41.8% and economic growth has been volatile, affected by both external and domestic shocks.

    The economy relies heavily on public spending and petroleum revenues. Long-standing structural challenges such as a weak private sector, inadequate infrastructure, a lack of skilled labor, and a challenging business environment, present daunting obstacles to economic diversification and long-term growth.

    Recognizing the role that regional cooperation and integration can play in addressing these challenges, Timor-Leste has long pursued membership in the Association of Southeast Asian Nations (ASEAN). This has been a strategic priority and a cornerstone of its economic development and foreign policy.

    ASEAN membership is expected to drive domestic policy and institutional reforms while expanding markets and reduce costs. It should also diversify the economy, attract trade and investments, and improve access to technology and skills.  

    Since applying for ASEAN membership in 2011, Timor-Leste has undertaken significant reforms, investments, and policy alignments—establishing a Directorate-General for ASEAN Affairs, modernizing customs, and engaging the private sector—to meet the requirements for full membership.

    Supported by partners like the Asian Development Bank, the country has accelerated capacity-building initiatives and advanced infrastructure, trade, renewable energy, and agriculture to foster broader economic opportunities.

    But more needs to be done for Timor-Leste to reap the full benefits of ASEAN.

    Timor-Leste requires comprehensive capacity-building initiatives to enhance the technical knowledge and skills of government officials and stakeholders. Developing and implementing targeted training workshops and seminars in key areas, especially those focused on specialized areas and sectoral drivers of growth, such as tourism or agriculture, will be crucial. Establishing mentorship programs that pair ASEAN expertise with Timor-Leste sectoral counterparts will provide knowledge transfer.

    Timor-Leste has made significant progress toward ASEAN accession, but continued collaboration, investment in human capital, and infrastructure improvements remain crucial for fully integrating into the region and maximizing economic opportunities.

    To ensure harmonization with ASEAN standards, expert guidance will be needed to assist in the review and improvement of government legislation, rules, and procedures. Facilitating peer-to-peer learning opportunities and best practices exchanges with other ASEAN member states that have successfully implemented core provisions will be beneficial. Providing resources and tools to assist in drafting and updating legislation to ensure compliance with core provisions is essential.

    Upgrading transport infrastructure is also crucial, requiring a strategic approach involving the development of comprehensive transport plans, substantial financial investments, and the engagement of specialized transport engineering expertise.

    Key areas of support include sustainable financing for road maintenance, capacity building, and technical assistance to strengthen planning, monitoring, and project supervision. Enhancing border protection and monitoring, improving equipment and resource allocation, and incorporating environmentally sustainable practices are also key elements.

    By aligning with international standards and focusing on regional integration, Timor-Leste can foster connectivity, streamline trade processes, and contribute significantly to overall economic growth and regional integration. Furthermore, developing ICT infrastructure is vital. Assisting in the design and implementation of automation and digitization projects for public services and trade facilitation measures will enhance efficiency.

    Timor-Leste requires comprehensive support to address its human capital challenges and improve labor force participation and food security. Key initiatives from ASEAN member states and other partners include promoting higher education through international education fairs, prioritizing Timorese students for university admissions, and establishing student and labor exchange programs.

    For basic education, creating teacher training centers and improving English language proficiency is a key priority. Online learning platforms will ensure continuous skill development and retention. The government has renewed focus on early childhood development, supported by the 2024 general state budget.

    Additional initiatives like the Inter-Ministerial Taskforce and the National Health Sector Nutrition Strategic Plan (2022-2026) target stunting and malnutrition, with the goal to reduce stunting from 47% to 25% by 2030. Promoting sustainable agricultural practices and strengthening healthcare infrastructure are also crucial.

    Timor-Leste is committed to modernizing its financial systems, developing e-payment solutions, and enhancing financial literacy and inclusion. Strengthening the business sector will create more opportunities for trade and investment.

    Supporting local businesses through capacity-building training focused on ASEAN trade, marketing, financial access policies, connectivity, and digital skills will ease integration barriers. Improving infrastructure and internet access through financial assistance will help businesses overcome critical barriers. Connecting with the ASEAN Business Advisory Council and other ASEAN members will boost trade and investment linkages.

    Timor-Leste aims to establish strong connections with ASEAN officials, stakeholders, and bodies, such as central banks and national statistics institutes. Government agencies represent Timor-Leste’s interests at ASEAN meetings and working groups. On the private sector side, Timor Leste’s Chamber of Commerce and Industry has participated in meetings with the ASEAN Business Advisory Council as an observer.

    Timor-Leste has made significant progress toward ASEAN accession, implementing key reforms and strengthening its economic and institutional frameworks. However, continued collaboration with ASEAN member states and development partners is crucial to overcoming remaining challenges.

    By sustaining momentum in governance, trade, and infrastructure improvements, Timor-Leste can fully integrate into the region and unlock new opportunities for growth. Stakeholders must remain engaged in supporting this journey, ensuring that the country maximizes the benefits of ASEAN membership for its people and economy.

    Bold Sandagdorj, country economist at ADB’s Timor-Leste Resident Mission, contributed to this blog post.
     

    MIL OSI Economics –

  • MIL-OSI: BYDFi Lists Berachain Token (BERA), Supporting BERA/USDT Spot and Perpetual Contracts Trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 07, 2025 (GLOBE NEWSWIRE) — BYDFi officially listed the BERA/USDT spot trading pair and launched BERA/USDT perpetual contracts with up to 75x leverage. Users can now participate in the 8,100 USDT reward campaign – for more details, please visit the BYDFi website or refer to the official announcements.

    Berachain: The Innovative Blockchain Powering $BERA

    As the native token of the Berachain blockchain, $BERA derives its value not only from market demand but also from the strong foundational support of the Berachain ecosystem. Berachain is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK. It utilizes an innovative Proof-of-Liquidity (PoL) consensus mechanism, which differs from traditional Proof-of-Stake (PoS) systems. By linking validator rewards to application demand and liquidity contributions, PoL creates a dynamic incentive structure that prevents token devaluation and liquidity depletion. This groundbreaking economic model fosters mutual value creation between the blockchain and applications built on it, ensuring sustainable growth.

    On April 20, 2023, Berachain successfully raised $42 million in a Series A funding round led by Polychain Capital. Furthermore, ahead of its mainnet launch, Berachain’s liquidity pre-deposit application, Boyco, attracted over $3 billion within one week, demonstrating strong market interest and adoption.

    $BERA: The Key Asset of Berachain

    $BERA, as the native token of Berachain, is primarily used to pay network transaction fees (gas) and can be staked to cover validator activation costs

    Market Performance:

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    The MIL Network –

  • MIL-OSI Economics: Re-election in sight for Chair of ICC World Chambers Federation

    Source: International Chamber of Commerce

    Headline: Re-election in sight for Chair of ICC World Chambers Federation

    Mr Hisarcıklıoğlu’s three-year mandate will begin on 1 July 2025, following formal ratification by the ICC World Council in June. This will be Mr Hisarcıklıoğlu’s second and final mandate, following his initial election in 2023. As ICC WCF Chair, he will continue to strengthen the chamber community worldwide and increase the impact of the ICC World Chambers Federation, ICC’s unique forum connecting chambers across borders.

    Responding to the election results, Mr Hisarcıklıoğlu said:

    “I am honoured by the trust of my fellow chamber colleagues in re-electing me for a new term. We are committed to working even harder to strengthen and expand our unique global network of chambers, ensuring it becomes even more diverse and representative. We will also reaffirm the ICC World Chambers Federation as a trusted business partner to all chambers in our network, equipping them with ICC tools and resources to enhance their operations, drive growth, and create a better business environment.”

    ICC Secretary General John W. H. Denton AO said:

    “I congratulate Rifat on his re-election – a testament to the trust our chamber community places in him and a well-deserved recognition of his leadership.”

    About Rifat Hisarcıklıoğlu

    Mr Hisarcıklıoğlu is the President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), the country’s largest business organisation, representing 366 chambers and commodity exchanges and over 2 million members. He also serves as Chair of ICC Türkiye. 

    With an extensive background in international business and chamber leadership, he currently holds key positions in several global organisations, including Vice-President of EUROCHAMBRES, Vice-President of the Confederation of Asia-Pacific Chambers of Commerce, Vice-President of the Islamic Chamber of Commerce, Industry and Agriculture, Chair of B20 Türkiye, and member of the ICC Executive Board.  

    In addition to his institutional leadership, he is a prominent business figure in Türkiye and the surrounding region, serving as Chairman of Eskihisar Group, which operates in construction, real estate, the food industry and the automotive sector. 

    About the election process

    In accordance with the ICC WCF Articles, Mr Hisarcıklıoğlu’s re-election is subject to formal ratification by the ICC World Council in June 2025 upon recommendation by the ICC Executive Board.

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Three more shops shut down in crackdown on illegal cigarettes and vapes

    Source: City of Stoke-on-Trent

    Test Purchase Evidence

    Published: Friday, 7th February 2025

    The closures follow months of investigation, including test purchasing a co-ordinated operation to target illegal cigarettes and vapes being sold in the city.

    Three more shops in Stoke-on-Trent have been forced to close after a Trading Standards operation uncovered the sale of illegal cigarettes and vapes.

    The closures follow months of investigation, including test purchasing a co-ordinated operation to target illegal cigarettes and vapes being sold in the city.

    The city council has now used its powers to issue three premises with a 48-hour closure notice.

    Today (Thursday 6 February 2025), Newcastle Magistrates Court made a closure order for each of the premises extended these orders for three months.

    The council will now work with the landlords of the affected premises to ensure that only legitimate businesses operate from these locations.
     

    The shops subject to the closure orders are:

    • 365 Vape Shop, 127 Scotia Road, Stoke-on-Trent.
    • Empire Vapes, 242 Waterloo Road, Stoke-on-Trent
    • Meir Vapes, 45 Weston Road, Stoke-on-Trent

    Councillor Amjid Wazir OBE, cabinet member for city pride, enforcement and sustainability for Stoke-on-Trent City Council advised: “This is another great result by our Trading Standards team. These operations protect residents, support legitimate businesses, and uphold the law.

    “Businesses selling illegal goods will face serious consequences. I encourage any residents to report any suspicious activity related to illegal tobacco, vapes, or underage sales.

    “We want Stoke-on-Trent to be a safe, thriving place and we won’t hesitate to take action against those who undermine the hard work of residents and legitimate businesses.”

    The Trading Standards work forms part of the city council mission to be a cleaner, greener and safer city for all who live, work and visit Stoke-on-Trent. 
     

    Anyone who wants to report a similar issue to trading standards can call the Trading Standards Hotline 01782 238444 or visit stoke.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI Economics: APAC VC funding: Deals volume falls across most of funding sizes in 2024, reveals GlobalData

    Source: GlobalData

    APAC VC funding: Deals volume falls across most of funding sizes in 2024, reveals GlobalData

    Posted in Business Fundamentals

    A total of 3,724 venture capital (VC) funding deals with disclosed funding value were announced in the Asia-Pacific (APAC) region during 2024. This represents a year-on-year (YoY) decline of 6.9% compared to the previous year, with a fall in deals volume in most of the VC funding size ranges, according to GlobalData, a leading data and analytics company.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Be it low-value deals* or high-value deals**, the decline in deals volume was witnessed across most of the funding size ranges in the region during the year. In fact, there was a double-digit decline in high-value VC deals volume. Meanwhile, VC deals valued over $500 million saw some marginal improvement in volume.”

    An analysis of GlobalData’s Deals Database reveals that the number of high-value VC deals declined by 24.1% from 112 in 2023 to 85 deals in 2024, whereas the volume of low-value VC deals fell by 2% from 2,604 in 2023 to 2,553 in 2024. Meanwhile, mid-size VC funding deals (valued >$10 million and ≤$100 million) volume declined by 15.3% from 1,282 deals in 2023 to 1,086 deals in 2024.

    Low-value deals continued to dominate and account for the largest chunk of deals volume in 2024. These deals accounted for a 68.5% share of the total number of VC deals with disclosed funding value announced in the APAC region last year.

    High-value VC deals accounted for a 2.3% share of the total number of VC deals with disclosed funding value announced in the region, while the share of mid-size VC funding deals stood at 29.2%.

    *Investment value less than or equal to $10 million

    **Investment value more than $100 million

    MIL OSI Economics –

  • MIL-OSI USA: Grassley Questions U.S. Trade Representative Nominee Jamieson Greer at Senate Finance Committee Hearing

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee, today spoke with United States Trade Representative (USTR) nominee Jamieson Greer about the need to move away from China on trade and unlock new export markets for long term stability.

    During the hearing, Grassley emphasized the importance of reducing or eliminating Brazil’s tariff on American ethanol. Grassley also questioned Greer about USTR’s cooperation with the Department of Commerce on trade matters. 

    Video and excerpts of his questions follow. 

    [embedded content]

    VIDEO

    Brazilian Tariffs on American Ethanol:

    “Brazil is a leading competitor with the United States on agriculture. One example is that Brazil has displaced the United States as the world leader in soybean production.

    “Another issue with Brazil that I brought up to your predecessor, Ms. Tai, is the drastically unfair advantage Brazil has on ethanol. U.S. exporters face an 18% tariff on ethanol going to Brazil. However, Brazilian ethanol enjoys nearly duty-free access to the U.S. market.  

    “I hope you will address this trade imbalance with Brazil that Ambassador Tai wasn’t successful in doing: taking action to reduce or eliminate this harmful tariff on American ethanol.”

    The Role of USTR and the Department of Commerce: 

    “Now that you and Mr. Lutnick have been nominees for several weeks, I’d like to know exactly how much authority do you have on trade matters relative to Mr. Lutnick and other cabinet members?” 

    Moving Away from China and Unlocking New Markets: 

    “I’d like to make a statement and see if you agree: 

    “While I think it is important to hold China to its obligations under the Phase 1 Agreement, I also fear it may keep us reliant on the Chinese markets. So, we need to be looking around the world at other markets. 

    “We need to balance our short-term profitability with long term stability.  

    “I have for a long time voiced my own concerns about unfair trade practices by China, and I hope that you and President Trump are successful in holding China accountable on issues including fentanyl, intellectual property theft and government subsidization of industries.  

    “That said, I believe we must pursue freer trade with other countries to create new markets so that we can move away from China without losing even more global market share of our commodities to Brazil and other countries. 

    “The free trade agreements that were negotiated under George W. Bush have resulted in large trade surpluses in key industries like agriculture and manufacturing. I think we need more free trade, and I know that President Trump is more interested in bilateral agreements than multi-state agreements. 

    “I think if we look away from Brazil and South Korea and Japan and China and [the European Union] as being problem countries for us on trade issues. But there’s so many other countries where, if we have these agreements — and I use George W. Bush as an example and his negotiator Allen Johnson — about 13 countries, probably six or seven different agreements with countries you don’t even think much about being significant in world trade, we’ve increased tremendously with these free trade agreements, our surpluses with those countries in trade.”

    MIL OSI USA News –

  • MIL-OSI China: Housing sector likely to see better days ahead

    Source: China State Council Information Office

    The positive buying sentiment in the new-home market across major Chinese cities has greatly boosted confidence and expectations for a strong sales season in March and April, said industry experts on Thursday after digesting the home transaction data of the Spring Festival holiday.

    The Chinese New Year holiday started on Jan 28 and wrapped up on Tuesday. According to official data, the 28 major Chinese cities monitored by the China Index Academy reported an 8 percent growth in daily new-home transaction space year-on-year.

    More specifically, Guangzhou, Guangdong province witnessed a 47 percent year-on-year surge in new home trades during the Spring Festival holiday, with Beijing recording a moderate growth of 5 percent. Strong growth was also seen in second-tier cities including Nanjing, Jiangsu province; Nanchang, Jiangxi province; and Wuhan, Hubei province.

    “It is expected that transaction volume of both new and pre-owned homes in these cities would welcome an evident rebound after the holiday,” said Li Yifeng, deputy director of research at the China Index Academy.

    “The overall housing market saw stable performance during this year’s Chinese New Year, despite the fact that the holiday is a conventional low season for home transactions. As a result, a significant rebound is highly expected after the holiday,” Li said.

    The positive feedback in the market — coupled with factors like warm weather, year-end bonuses, stable work and life, and promotions launched by developers — is likely to persuade more potential homebuyers to make purchases, Beijing Business Today reported.

    “The increase in the number of visits is encouraging, which indicates the previous policies are taking effect and homebuying demand is still strong,” said Cao Xiaoning, a real estate agent for a residential project in Beijing’s Shijingshan district developed by China Overseas Land and Investment Ltd, a unit of Beijing-based China State Construction Engineering Corp.

    Yan Yuejin, deputy head of the Shanghai-based E-House China R&D Institute, said the improved performance over the holiday shows the real estate market adjustment has bottomed out and is headed for a course of stabilization.

    “Currently, the property market is fully adjusting itself, and we expect homebuyers to become more optimistic regarding the sector’s outlook, and an early spring warming may be around the corner,” Yan said.

    Both new and pre-owned homes reported positive growth before the Chinese New Year holiday in January. In the 30 cities China Index Academy surveyed, new home traded space grew 4 percent year-on-year between Jan 1 and Jan 27, and the 20 key cities’ existing home trade volume surged 19 percent from a year ago during the same period.

    “With people returning to work after the holiday, their homebuying plans are also getting back on the right track. Therefore, a home transaction rebound is due in the near term,” Li said.

    Li added that considering the low base of the first quarter in 2024, new home traded volume is likely to be stable in the first quarter, and home prices in the secondary market will hopefully become stabilized.

    “But the market is still in need of policy support for its sustained stabilization,” said Li.

    MIL OSI China News –

  • MIL-OSI USA: Wyden, Colleagues Introduce Antitrust Legislation to Take on Algorithmic Price Fixing, Bring Down Costs

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    February 06, 2025

    Senator says Preventing Algorithmic Collusion Act “will send a strong message to corporations that they won’t get away with coordinating to ratchet up prices on consumers.”

    Washington D.C.—U.S. Senator Ron Wyden today joined Senate colleagues to introduce legislation that would prevent companies from using algorithms to collude to set higher prices. This legislation builds off legislation Wyden introduced last year to crack down on companies that help landlords increase rents in already high-priced markets.

    “Collusion is collusion, whether you do it over the phone or using an algorithm. This legislation, along with my End Rent Fixing Act, will send a strong message to corporations that they won’t get away with coordinating to ratchet up prices on consumers,” said Wyden.

    As recent reporting, a Justice Department lawsuit, and multiple private lawsuits have shown, big corporations are using algorithms to raise prices and limit competition. This includes companies like RealPage that have facilitated collusion to increase rents by more than $3 billion in 2023 alone. This legislation would make such collusion illegal to lower costs for families and support small businesses.

    Price fixing and other forms of collusion are illegal under current antitrust laws. However, current antitrust laws may be insufficient when competing companies delegate their pricing decisions to an algorithm without agreeing to fix prices. Current law requires proof of an agreement to fix prices before condemning the conduct. When pricing decisions of multiple competitors are delegated to a single algorithm, that agreement may not exist even though the use of the algorithm may have the same effect as a traditional agreement to fix prices. This type of conduct has already occurred in rental housing.

    To strengthen current price fixing law, this Preventing Algorithmic Collusion Act would do the following:

    • Close a loophole in current law by presuming a price-fixing “agreement,” when direct competitors share non-public information through a pricing algorithm to raise prices;
    • Increase transparency by requiring companies that use algorithms to set prices to disclose that fact and give antitrust enforcers the ability to audit the pricing algorithm when there are concerns it may be harming consumers;
    • Ban companies from using non-public, competitively sensitive information from their direct competitors to inform or train a pricing algorithm;
    • Direct the Federal Trade Commission to study pricing algorithms’ impact on competition. 

    The legislation was led by U.S. Senator Amy Klobuchar, D-Minn. Along with Wyden, the bill was co-sponsored by Senators Dick Durbin, D-Ill., Richard Blumenthal, D-Conn., Mazie Hirono, D-Hawaii, Ben Ray Luján, D-N.M., Chris Murphy, D-Conn., Jeanne Shaheen, D-N.H., and Peter Welch, D-Vt. The Preventing Algorithmic Collusion Act is endorsed by Consumer Reports, the Open Markets Institute, and Accountable.US. 

    MIL OSI USA News –

  • MIL-OSI China: China vows to defend interests against unilateral bullying measures: commerce spokesperson

    Source: China State Council Information Office

    In the face of unilateral bullying measures, China will definitely take necessary steps to safeguard its own rights and interests, He Yongqian, spokesperson for the Ministry of Commerce, said on Thursday.

    The U.S. unilateral imposition of additional tariffs seriously violates the rules of the World Trade Organization, which is a typical manifestation of unilateralism and trade protectionism, He told a regular press conference.

    The U.S. moves severely undermine the multilateral trading system, disrupt the stability of global industrial and supply chains, and exacerbate global trade tensions, He said.

    “China will not take the initiative to provoke trade disputes and is willing to resolve issues through dialogue and consultation,” He said, adding that China is willing to join hands with other countries to jointly address the challenges of unilateralism and trade protectionism, and safeguard the orderly and stable development of international trade.

    MIL OSI China News –