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Category: Commerce

  • MIL-OSI USA: Grassley Welcomes Witness Insights on Business Tax Considerations in a ‘Post-Wayfair’ World

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Sen. Chuck Grassley (R-Iowa), ranking member of the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth, participated in a hearing titled “Providing Small Business Relief from Remote Sales Tax Collection.” 

    Grassley in his opening remarks acknowledged challenges small online retailers have faced since South Dakota v. Wayfair. He additionally discussed Iowa’s membership in the Streamlined Sales and Use Tax Agreement and its associated reforms to facilitate compliance with state tax laws.

    Click the corresponding links for:

    Excerpts from Grassley’s exchange with hearing witnesses follow.

    Lowering Burdens in Non-Streamline States

    Grassley: “Since the Wayfair decision, have states that aren’t Streamlined members enacted reforms to limit burdens on interstate commerce or taken steps to join Streamlined?”

    Craig Johnson, Executive Director, Streamlined Sales Tax Governing Board: “Most states have not done anything specifically, that I am aware of, to remove those undue burdens. Now, they have done what the Supreme Court noted in Wayfair: they did the no retroactive applications, they put in a small seller threshold. But the question is, did they do the third thing, which is, remove the undue burdens or join the Streamlined Sales Tax Governing Board? I think that’s the question that still remains, and that’s a question the Supreme Court did not answer.”

    Impact of Simplification Requirements on Retailers Compliance with Sales Taxes

    Grassley: “Mr. Johnson, you note that more than 30,000 sellers have registered with Streamlined to collect and remit taxes to members. [… Another witness,] Mr. Bishop-Henchman, notes it is estimated that nearly 50,000 businesses are ignoring their obligation to collect and remit sales taxes and risking getting caught. In your view, would greater adoption of the simplification requirements implemented by Streamlined members increase the compliance rate of retailers with sales tax obligations – in other words, getting at those 50,000?”

    Johnson: “As far as whether or not [greater adoption of Streamlined simplification requirements] would improve the compliance, I think the answer is yes, absolutely it would. I think our member states have recognized the simpler you make the laws for sellers to comply with, the greater the voluntary compliance. And you’re going to recognize the revenues that are going to come along with it because you’re going to make it easy for business to be able to calculate collect and remit the tax.”

    States Enforcing Pre-Wayfair Laws

    Grassley: “Mr. Bishop-Henchman, you noted that multiple states have tried or are attempting to enforce pre-Wayfair laws. They are effectively seeking to retroactively collect sales taxes from retailers that had no legal obligation to collect such taxes at that time. Are individual states generally observing the Supreme Court’s recognition of the need for simplification to avoid imposing an ‘undue burden’ on interstate commerce?”

    Joseph Bishop-Henchman, Executive Vice President, National Taxpayers Union Foundation: “Unfortunately, not enough.”

    Mr. Bishop-Henchman cited litigation as a potential tool in the toolbox to prevent one state from imposing burdens on the rest of the country but said the Supreme Court’s National Pork Producers Council v. Ross decision “undercut” that possibility by punting to Congress for a fix.

    Grassley: Do you see more states voluntarily adopting simplification measures or becoming Streamlined members as more time passes after the Wayfair decision?

    Bishop-Henchman: “At this point, my answer would be no, I don’t see states joining unless there’s some incentive for them to do so.”

    -30-

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI: Unity Bank Awards $50,000 in Grants to Local Businesses Through FHLB Small Business Recovery Grant Program

    Source: GlobeNewswire (MIL-OSI)

    CLINTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) — Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York (FHLB) Small Business Recovery Grant (SBRG) Program.

    These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment. As a committed member of FHLB, Unity Bank continues to champion local businesses, providing vital support as they navigate today’s economic challenges.

    By leveraging their SBRG Program, Unity Bank granted $10,000 each to five businesses:

    Isaac Simon Realty LLC – Child Care Services, Brooklyn, NY

    Sontort Realty Holding LLC – Full Service Restaurant, Flemington, NJ

    Lebanon Hotel – Full Service Restaurant, Lebanon, NJ

    Ionian Sky Inc. – Full Service Restaurant, Edison, NJ

    Statewide Environmental – Environmental Consulting Services, Bridgewater, NJ

    James A. Hughes, President & CEO of Unity Bank, said, “Small businesses are the lifeblood of our local economy, and these grants will provide critical relief to ensure they can continue to serve our communities. By utilizing the FHLB’s Small Business Recovery Grant Program, we’re able to deliver meaningful support where it’s needed most.”

    Unity Bank’s partnership with FHLB highlights its ongoing commitment to empowering small businesses and fostering community growth. The SBRG Program has been instrumental in addressing the financial pressures many small enterprises face due to the current economic climate.

    Learn more about the SBRG program at this website: https://www.fhlbny.com/community/sbrg/program-overview/

    About Unity Bancorp, Inc.

    Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, a financial services organization based in Clinton, New Jersey. Unity Bank operates 21 branches across New Jersey and the Lehigh Valley, Pennsylvania, offering community-focused commercial banking services, including deposit accounts, loans, and digital services. For details, visit unitybank.com or call 800-618-BANK (800-618-2265). Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance, visit FDIC.gov.

    Contact:
    Crystal Rose
    Marketing Director
    (908) 713-4310
    Crystal.Rose@unitybank.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI United Kingdom: National recognition for local partnership working

    Source: Scotland – City of Aberdeen

    Three improvement projects that are part of Aberdeen’s Local Outcome Improvement Plan (LOIP) have gained national recognition for their impressive partnership working to help improve people’s lives across the city. 

    Details were shared at the meeting of the Community Planning Aberdeen (CPA) Board yesterday (Wednesday 25 September).

    Aberdeen City Council Co-Leader Councillor Christian Allard, CPA chair, said: “The successful delivery of the updated Local Outcome Improvement Plan depends on Community Planning partners working together for the benefit of all people living in the city.  

    “National recognition of the positive impact our improvement projects are having highlights how by working together we can all play a part in helping to make Aberdeen a place where everyone can prosper.” 

    The Employment Support for People Leaving Prison project aims to increase the number of prison leavers engaging with employability support by 50% by 2026. 

    It’s success to date saw Aberdeen City Council receive the COSLA’s 2024 Excellence Award for Achieving Better Outcomes For The Most Vulnerable in Partnership.

    The partnership between the Scottish Prison Service (SPS), pub company and brewer Greene King, Skills Development Scotland (SDS), and the Council sought to improve people’s chances of successfully reintegrating into their communities upon leaving prison, reduce reoffending rates, and help mitigate recruitment challenges for the hospitality sector.

    The 12-week academy programme saw people in custody trained to work in a replica Greene King kitchen, by professional chefs. Equipment for the kitchen was funded by Aberdeen City Council’s ABZWorks. 

    The Business Start Up project led by Business Gateway, has seen 193 referrals of individuals in receipt of universal credits consider starting a business since the start of the programme with 91 individuals starting a business.  A total of 58 businesses have been referred for the Council’s Seed Funds with ABZWorks to date.  

    The Business Start Up project was a finalist for the Best Collaborative Working Initiative (with other public sector or third sector) Award at the Association for Public Service Excellence (APSE) Awards 2024. 

    The Reaching Out to People at Risk and Removing Barriers to Accessing Drug Support improvement project led by Aberdeen City Health and Social Care Partnership (ACHSCP) is a collaboration between Aberdeen City Council, ACHSCP, Alcohol and Drugs Action, Alcohol and Drugs Partnership, Police Scotland, and NHS Grampian. The project aims to reduce by 20% the number of drug related deaths in the city’s priority neighbourhoods by increasing the distribution of Naloxone by 25% year-on-year by 2026.

    A new Naloxone App was formally launched on 30 August. The app allows people to find the nearest stockists of Naloxone, videos on how to use Naloxone and respond to an overdose and links to support services. 

    All secondary schools have staff trained in administering Naloxone in addition to Level 6 first aid, giving them a qualification as well as the ability to save someone’s life. 

    The project was a finalist for COSLA’s 2024 Excellence Awards for Tackling Inequalities and Improving Health and Wellbeing Award.  

    The reports that went before Community Planning Aberdeen today can be viewed here.  

    Community Planning Aberdeen is the name for the local partnership of public, private and third sector organisations and communities working together to improve people’s lives across Aberdeen.  

     

    Photo: Aberdeen City Council wins the COSLA 2024 Excellence Award for Achieving Better Outcomes For The Most Vulnerable in Partnership.  Co-Leader Councillor Christian Allard (second from left) and members of the winning partnership project accept the prestigious award on behalf of the Council.

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI USA: Dingell, Mast Reintroduce Bipartisan Forage Fish Conservation Act to Protect Marine Ecosystem and Fishing Economy

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    Representatives Debbie Dingell (D-MI) and Brian Mast (R-FL) today introduced bipartisan legislation to strengthen key protections for fisheries and promote responsible management of forage fish. The Forage Fish Conservation Act improves protections for forage fish – including herring and shad – that support marine ecosystems as well as other recreationally and commercially important species such as tuna, salmon, and cod. These populations have experienced substantial decline because of human activity, which threatens the viability of marine ecosystems as well as opportunities for recreational fisherman. Currently, there are few management measures in place to address this decline.

    “Safeguarding fish stocks from further decline is critical to protecting marine ecosystems and strengthening coastal economies,” said Dingell. “This legislation’s science-based conservation framework for forage fish will both help promote sustainable fisheries and preserve marine wildlife for the enjoyment of future generations.”

    “On the Treasure Coast we know firsthand how irresponsible management of our marine ecosystem devastating ripple effects on our environment can have, food supply, fishing industry and overall economy,” Mast said. “This is important and bipartisan sustainability legislation that will help protect our coastal health, environment and economy.”

    The bill is endorsed by the National Audubon Society and Theodore Roosevelt Conservation Partnership.

    “Forage fish are essential for seabirds, larger fish, marine life, and our economy,” said Romaric Moncrieffe, marine conservation policy manager for the National Audubon Society. “This legislation builds on nearly 50 years of successful fisheries management to protect these small but important fish.”

    “The Forage Fish Conservation Act seeks to strengthen the Magnuson-Stevens Act by prioritizing the protection of forage fish, which are crucial for sustaining recreationally important fish populations, and ensuring that fisheries management supports vibrant fishing communities and a healthy marine ecosystem,” says Joel Pedersen, President and CEO of the Theodore Roosevelt Conservation Partnership. “We thank Representative Dingell and Representative Mast for their commitment to bolstering our coastal economies and ecosystems.”

    The Forage Fish Conservation Act builds upon the successes of the Magnuson-Stevens Act, the primary federal law governing marine fisheries management. To improve the conservation of forage fish and strengthen the marine ecosystem, the legislation:

    1. Requires the Secretary of Commerce to develop a science-based definition for forage fish in federal waters with advice from the fisheries councils;
    2. Assesses the impact a new commercial forage fish fishery could have on existing fisheries, fishing communities, and the marine ecosystem prior to the fishery being authorized;
    3. Account for predator needs in existing management plans for forage fish;
    4. Specifies that managers consider forage fish when establishing research priorities;
    5. Ensures scientific advice sought by fishery managers includes recommendations for forage fish;
    6. Conserves and manages river herring and shad in the ocean; and
    7. Preserves state management of forage fish fisheries that occur within their jurisdiction.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI USA: LaLota Keeps Gov’t Open, Touts Bipartisan Wins

    Source: United States House of Representatives – Representative Nick LaLota (NY-01)

    WASHINGTON, D.C. – Rep. Nick LaLota (R-Suffolk County) released the following statement after voting in favor of H.R. 9747 to keep the federal government open and working for the American people.

    “Despite partisan fear-mongering, House Republicans have kept the government funded, open, and working for the American people. While others bicker and play politics, I stay focused on delivering real results for Suffolk County, including securing over $150 million in federal funding for our communities,” said LaLota. “Since taking office, I’ve been proud to rank among the most productive freshman members, passing more bills than 97% of my peers—eight bipartisan bills and 20 amendments through the House. These efforts include protecting the Long Island Sound, addressing the fentanyl and sanctuary city crises, and supporting our small businesses and veterans. My commitment is to put the American people first and improve the quality of life for everyone in Suffolk County.”

    To read the full text of the legislation, click HERE.

    Background:

    LaLota has consistently and successfully voted to keep the government open, funded, and working for the American people.

    Since being sworn into office, LaLota has passed eight of his bills through the House, each of which has earned bipartisan support:

    • H.R. 3511 – Service Disabled Veteran Opportunities in Small Business Act
    • H.R. 4424 – Vietnam Veterans Liver Fluke Cancer Study Act
    • H.R. 4669 – DOE & SBA Research Act
    • H.R. 5441 – Long Island Sound Restoration & Stewardship Reauthorization Act
    • H.R. 5717 – No Bailout for Sanctuary Cities Act
    • H.R. 7105 – Women-Owned Small Business Certification & Opportunity Expansion Act
    • H.R. 7987 – Plain Language in Contracting Act
    • H.R. 8663 – DETECT Fentanyl & Xylazine Act

    Through the Fiscal Year 2024 government funding bills, LaLota secured over $150 million in federal funding that will directly benefit Suffolk County, including millions in Community Project Funding for infrastructure projects, water quality improvements, and wastewater treatment in each of the First Congressional District’s Towns.

    H.R. 9747 would extend current government funding through December 20th, 2024, extend the authorization of the National Flood Insurance Program, ensure working families have access to Temporary Assistance for Needy Families (TANF) benefits, guarantee Veteran, Medicare, Medicaid, and Social Security benefits continue, provide an additional $231 million for the Secret Service for protective operations for Presidential and Vice-Presidential nominees in the 2024 Campaign and activities related to National Special Security Events and provide the agency with flexibility to quickly obligate funds for protective operations, and allow the Federal Emergency Management Agency (FEMA) flexibility to quickly obligate funds provided by the CR for the Disaster Relief Fund to respond to disasters.

    ###

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Canada: Orders in Council

    Source: Government of Canada regional news

    HONOURABLE MR. AMERY

    236/2024

    CRIMINAL CODE (CANADA) (section 672.38) – Effective October 25, 2024, reappoints Maryann Chichak as a member of the Criminal Code Review Board for a term to expire on October 24, 2027.

    HONOURABLE MR. ELLIS

    237/2024

    PROCLAMATION – Proclaiming sections 3(e), 7, 8(b) and (c), 16, 19, 45, 46(a) and 47 of the Police Amendment Act, 2022 in force on March 1, 2025.

    238/2024

    POLICE ACT (section 61(1)) as amended by Police Amendment Act, 2022 (section 46(a)) – Makes the Police Governance Regulation.

    HONOURABLE MR. GLUBISH

    239/2024

    ALBERTA RESEARCH AND INNOVATION ACT (section 7); Alberta Research and Innovation REGULATION (section 3) – Appoints James Keirstead and Rhea Solis to the board of directors of Alberta Innovates, each for a term to expire on September 24, 2026; appoints Carissa Browning, David Edmonds, Kim Moody and Janet Riopel to the board of directors of Alberta Innovates, each for a term to expire on September 24, 2027.

    HNOURABLE MR. HORNER

    240/2024

    CREDIT UNION ACT (section 8) – Reappoints Laurene Beloin as a director of the Credit Union Deposit Guarantee Corporation for a term to expire on September 24, 2026; reappoints Camille Bérubé, nominated by Credit Union Central Alberta Limited, as a director of the Credit Union Deposit Guarantee Corporation for a term to expire on September 24, 2027; appoints Harpreet Kohli as a director of the Credit Union Deposit Guarantee Corporation for a term to expire on September 24, 2027.

    HONOURABLE MR. JEAN

    241/2024

    MINES AND MINERALS ACT (sections 5 and 11) – Transfers the administration and control of the mines and minerals and the pore space of certain provincial Crown lands to the Crown in right of Canada to be set aside for the use and benefit of the Lubicon Lake Band #453.

    242/2024

    RESPONSIBLE ENERGY DEVELOPMENT ACT (section 11) – Effective October 21, 2024, appoints Andrew MacPherson to the roster of hearing commissioners of the Alberta Energy Regulator for a term to expire on October 20, 2029.

    HONOURABLE MRS. LAGRANGE

    243/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, rescinds the appointment of Louise Sharon Mosier as a public member to the council of the Alberta College of Dental Hygienists.

    244/2024

    HEALTH PROFESSIONS ACT (section 13) – Appoints Tammy McCorkell as a public member to the council of the Alberta College of Medical Diagnostic and Therapeutic Technologists for a term to expire on September 24, 2027; effective October 9, 2024, appoints Elaine Maria Andrews, to succeed Terence Bunce, and Nickolletta Adriane Sandie, to succeed Wilma Slenders, as public members to the council of the Alberta College of Medical Diagnostic and Therapeutic Technologists, each for a term to expire on October 8, 2027.

    245/2024

    HEALTH PROFESSIONS ACT (section 13) – Appoints Bob Sprague as a public member to the council of the Alberta College of Optometrists for a term to expire on September 24, 2027.

    246/2024

    HEALTH PROFESSIONS ACT (section 13) – Appoints Kenneth Letander and Nicola von Hoensbroech as public members to the council of the Alberta College of Pharmacy, each for a term to expire on September 24, 2027; effective October 9, 2024, appoints Larry Loven, to succeed Irene Elizabeth Pfeiffer, as a public member to the council of the Alberta College of Pharmacy for a term to expire on October 8, 2027.

    247/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, rescinds the appointment of Laura Mae Delfs as a public member to the council of the Alberta College of Social Workers.

    248/2024

    HEALTH PROFESSIONS ACT (section 13) – Appoints Gail Hufty as a public member to the council of the College of Acupuncturists of Alberta for a term to expire on September 24, 2027; effective October 9, 2024, appoints Sean Cameron Melrose, to succeed Tamara Jones, as a public member to the council of the College of Acupuncturists of Alberta for a term to expire on October 8, 2027.

    249/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Wilma Slenders, to succeed Tongjie Zhang, as a public member to the council of the College of Alberta Dental Assistants for a term to expire on October 8, 2027.

    250/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Munira Peermohamed as a public member to the council of the College of Alberta Denturists for a term to expire on October 8, 2027.

    251/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Tamara Jones, to succeed Elaine Maria Andrews, as a public member to the council of the College of Alberta Psychologists for a term to expire on October 8, 2027.

    252/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Laura Mae Delfs, to succeed Patricia Pelton, as a public member to the council of the College of Chiropractors of Alberta for a term to expire on October 8, 2027.

    253/2024

    HEALTH PROFESSIONS ACT (section 13) – Appoints Kenneth Hawrelko as a public member to the council of the College of Dental Surgeons of Alberta for a term to expire on September 24, 2027; effective October 9, 2024, appoints Patricia Pelton, to succeed Nickolletta Adriane Sandie, as a public member to the council of the College of Dental Surgeons of Alberta for a term to expire on October 8, 2027.

    254/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Louise Sharon Mosier as a public member to the council of the College of Dietitians of Alberta for a term to expire on October 8, 2027.

    255/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Tongjie Zhang as a public member to the council of the College of Hearing Aid Practitioners of Alberta for a term to expire on October 8, 2027.

    256/2024

    HEALTH PROFESSIONS ACT (section 13) – Appoints William Gaudette as a public member to the council of the College of Licensed Practical Nurses of Alberta for a term to expire on September 24, 2027; effective October 9, 2024, appoints Irene Elizabeth Pfeiffer as a public member to the council of the College of Licensed Practical Nurses of Alberta for a term to expire on October 8, 2027.

    257/2024

    HEALTH PROFESSIONS ACT (section 13) – Appoints Mohammad Sajid Khan and Patricia Palechuk as public members to the council of the College of Medical Laboratory Technologists of Alberta, each for a term to expire on September 24, 2027; effective October 9, 2024, appoints Alissa Harding, to succeed Jennifer Carscallen, as a public member to the council of the College of Medical Laboratory Technologists of Alberta for a term to expire on October 8, 2027.

    258/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Jennifer Carscallen as a public member to the council of the College of Naturopathic Doctors of Alberta for a term to expire on October 8, 2027.

    259/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, appoints Terence Bunce as a public member to the council of the College of Physiotherapists of Alberta for a term to expire on October 8, 2027.

    260/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, rescinds the appointment of Munira Hanifmohamed Peermohamed as a public member to the council of the College of Registered Psychiatric Nurses of Alberta.

    261/2024

    HEALTH PROFESSIONS ACT (section 13) – Effective October 9, 2024, rescinds the appointment of Larry Loven as a public member to the council of the College of Respiratory Therapists of Alberta.

    HONOURABLE MR. LOEWEN

    262/2024

    PUBLIC LANDS ACT (section 7) – Transfers the administration and control of certain public land to the Crown in right of Canada in full settlement of the Lubicon Lake Band #453 land settlement claim.

    HONOURABLE MR. MCIVER

    263/2024

    MUNICIPAL GOVERNMENT ACT (section 125) – Makes the Order Annexing Land from the Municipal District of Bonnyville No. 87 to the City of Cold Lake.

    264/2024

    SAFETY CODES ACT (section 65) – Makes the Certification and Permit (Expiry Date Extension) Amendment Regulation.

    HONOURABLE MR. NALLY

    265/2024

    PROCLAMATION – Proclaiming section 5 of the Financial Statutes Amendment Act, 2024 in force on October 20, 2024.

    266/2024

    LAND TITLES ACT (sections 213 (as amended by section 5(11) of Financial Statutes Amendment Act, 2024) and 214) – Makes the Tariff of Fees Amendment Regulation.

    HONOURABLE MR. NEUDORF

    267/2024

    PROCLAMATION – Proclaiming sections 1, 2(2) to (7) and (9), 4 and 6 of the Utilities Affordability Statutes Amendment Act, 2024 in force on the date of issue of the Proclamation.

     

    GOVERNMENT ORGANIZATION ACT (Schedule 13.1, section 6) – Makes the Utilities Consumer Advocate Amendment Regulation.

    269/2024

    UTILITY COMMODITY REBATE ACT (section 10) – Makes the Utility Commodity Rebate Amendment Regulation.

    HONOURABLE MRS. SAWHNEY

    270/2024

    POST-SECONDARY LEARNING ACT (sections 44 and 56) – Effective September 29, 2024, reappoints Daniel Hugo as a member of The Board of Governors of NorQuest College for a term to expire on September 28, 2027.

    271/2024

    POST-SECONDARY LEARNING ACT (sections 44 and 56) – Appoints Rana Atta as a member of The Board of Governors of Olds College for a term to expire on September 24, 2027.

    HONOURABLE MR. SCHOW

    272/2024

    TRAVEL ALBERTA ACT (section 4) – Reappoints Juanita Marois as a director of the board of Travel Alberta for a term to expire on September 24, 2027.

    HONOURABLE MR. SIGURDSON

    273/2024

    LIVESTOCK INDUSTRY DIVERSIFICATION ACT (section 33) – Makes the Domestic Cervid Industry (Expiry Date Extension) Amendment Regulation.

    HONOURABLE MS SMITH

    274/2024

    ALBERTA INVESTMENT ATTRACTION ACT (section 5) – Appoints Ian Gunn as a member of the board of directors of Invest Alberta Corporation for a term to expire on January 30, 2027.

    HONOURABLE MS SMITH

    HONOURABLE MR. LOEWEN

    HONOURABLE MR. AMERY

    275/2024

    PROCLAMATION – Proclaims certain provisions of the Red Tape Reduction Statutes Amendment Act, 2024 in force on the date of issue of the Proclamation and October 15, 2024.

    Orders in Council can now be viewed on the King’s Printer website at: https://kings-printer.alberta.ca/507.cfm

    MIL OSI Canada News –

    January 23, 2025
  • MIL-OSI USA: Duckworth, Moran, Boozman, Klobuchar Launch Senate Sustainable Aviation Caucus

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    September 25, 2024

    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL)—Chair of the U.S. Senate Commerce Subcommittee on Aviation Safety, Operations and Innovation—U.S. Senator and Subcommittee Ranking Member Jerry Moran (R-KS), John Boozman (R-AR) and Amy Klobuchar (D-MN) recently launched the Senate Sustainable Aviation Caucus to promote the longevity of the aviation industry and renewable fuels.

    “As we continue our work to reduce emissions and foster energy independence, one of the most important things we can do is make aviation more sustainable by increasing the use and supply of American-grown, American-made sustainable aviation fuel,” said Senator Duckworth. “To help us do just that, I’m proud to join Senators Moran, Klobuchar and Boozman in launching the Senate’s first-ever Sustainable Aviation Caucus. With this new caucus, I look forward to continuing our work to protect and grow American SAF production for use around the world, while also reducing our carbon footprint and supporting our domestic farmers and economy.”

    “As the aviation industry strives for lower emissions and cleaner energy sources, the development and utilization of sustainable aviation fuel will be a critical element,” said Senator Moran. “To help spur development, I am launching the Senate Sustainable Aviation Caucus. The caucus will work together to find ways to promote technologically innovative solutions to create a sustainable aviation industry and increase our nation’s competitiveness in the domestic production of sustainable aviation fuel.”

    “I’m pleased to join this initiative to promote education and policies that support sustainable industry practices,” said Senator Boozman. “I look forward to working with leaders of the caucus and stakeholders to advance measures that continue to advance aviation in an environmentally sound manner.”

    “Airlines across the country are committed to developing technologies to reduce carbon emissions from air travel,” said Senator Klobuchar. “The expanded use of sustainable aviation fuel will create jobs in rural areas, bolster our national security, and slash carbon emissions. This caucus aims to promote data, research, and innovation in sustainable aviation to ensure that the U.S. maintains its leadership in this field.”

    Duckworth has been a leader in supporting biofuels, including expansion of sustainable aviation fuel (SAF). Earlier this year, she helped introduce the Farm to Fly Act which would help accelerate the production and development of SAF through existing U.S. Department of Agriculture (USDA) programs to allow further growth for alternative fuels to be used in the aviation sector and create new markets for American farmers.

    Last year, Duckworth introduced the bipartisan Sustainable Aviation Fuels Accuracy Act of 2023 which would identify the standards required to meet the definition of SAF at the Federal Aviation Administration (FAA). Additionally, the Senator created a pilot project in the Fiscal Year (FY) 2023 National Defense Authorization Act (NDAA) to promote the use of SAF at military installations and will continue to increase these efforts to expand the use on biofuels whenever possible.

    Congresswoman Sharice Davids (D-KS-03) and Congressman Dusty Johnson (R-SD-AL) also created the Congressional Sustainable Aviation Caucus for members of the U.S. House of Representatives.

    -30-

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Economics: Galaxy Tab S10 Series is Samsung’s AI-Ready Tablet

    Source: Samsung

    Samsung Electronics Co., Ltd. today unveiled the Galaxy Tab S10 Ultra and Galaxy Tab S10+, Samsung’s first tablets purpose-built for AI. Premium hardware includes 14.6-inch1 and 12.4-inch2 Dynamic AMOLED 2X displays — the ideal canvas for the intuitive S Pen bundled with both models. Performance upgrades for the Galaxy Tab S10 Ultra3 include an 18% increase in CPU, 28% increase in GPU, and 14% increase in NPU compared to the Galaxy Tab S9 Ultra.
    This improved processing power enables faster and more responsive AI features, which are now easily accessible with written prompts using the new Galaxy AI Key on the compatible Book Cover Keyboards, helping users customize their AI assistant.4 Cutting-edge software includes features such as Note Assist5 and Drawing Assist6 optimized for the tablet form factor. The Galaxy Tab S10 series also acts as a home AI device, with a 3D Map View that provides a visual overview of the home and connected devices to streamline device management across the SmartThings ecosystem.7 Robust Samsung Knox security provides data privacy and control, keeping users’ information safe.
    “The Galaxy Tab S10 series is packed with AI enhancements right out of the box, joining our portfolio of innovative Galaxy AI enabled devices,”8 said MC Lee, VP, Head of Galaxy Ecosystems Business Team, Mobile eXperience Business at Samsung Electronics. “We’re proud to add to our seamless ecosystem of connected devices, bringing versatile experiences that only an AI tablet can offer through the Galaxy Tab S10 series’ blend of power and portability.”

    Peak Performance on the Go
    Built on Samsung’s legacy of providing powerful experiences, Galaxy Tab S10 Ultra and Galaxy Tab S10+ harness significant leaps in AI processing power to deliver a supercharged, lag-free experience. Galaxy Tab S10 Ultra includes a more than 18% increase in CPU, 28% increase in GPU, and 14% increase in NPU compared to Galaxy Tab S9 Ultra. Coupled with long-lasting battery life and Super-Fast Charging,9 the Galaxy Tab S10 series allows the device to be used for long periods of time  without needing a charge.
    Elegant Build Quality, Mesmerizing Display

    Galaxy Tab S10 Ultra’s 14.6-inch display and Galaxy Tab S10+’s 12.4-inch display both feature cutting-edge Dynamic AMOLED 2X technology and offer a vibrant yet natural viewing experience, even outdoors. Every detail remains clear from any angle and in any environment with advanced anti-reflective technology, minimizing distracting glare and reducing reflection rate. The series’ quad speaker setup is further enhanced with AI-powered Dialogue Boost, which amplifies voices over unwanted noise to create ultra-clear audio. And for use on the go, the Galaxy Tab S10 series offers uncompromised durability with an IP68 rating10 further protected by enhanced Armor Aluminium — built to use anytime, anywhere.
    Work Smarter, Achieve True Creativity
    The Galaxy Tab S10 series offers an efficient experience — enhancing productivity — and serves as the ideal canvas to let out your creative side.

    With Note Assist and the intuitive S Pen, notetaking is a breeze on the tablet’s large display. Schoolwork, note-taking, and personal journaling become more efficient with automated transcriptions and summaries provided by AI. With PDF Overlay Translation, the Galaxy Tab S10 series can also seamlessly translate PDFs via an on-screen overlay. Handwriting Help cleans up untidy handwritten notes, too.
    Galaxy AI’s Sketch to Image11 makes the Galaxy Tab S10 Ultra perfect for turning imagination into reality, acting as the ideal creative assistant for overcoming mental roadblocks.
    With Circle to Search12 with Google on the Galaxy Tab S10 series you can learn about almost anything without switching apps. Instantly translate anything you see on your tablet with Google, including any image, video, or text in two taps — allowing you to quickly get the info you need, then get right back to what you were doing. Circle to Search can even recognize and outline steps for solving physics and math problems.
    The Galaxy S Pen’s Air Command with AI provides instant access to Galaxy AI Assistant features without toggling between menus. AI Assistant apps can also be easily launched by the Galaxy AI Key on the Book Cover Keyboards with written prompts, making it easier for users to access Galaxy AI. Users can even choose between Samsung’s Bixby and Google’s Gemini for a customized AI experience.13
    Intelligent Home Device

    The Galaxy Tab S10 series doubles as a Galaxy home AI device, simplifying device management. With large screen optimized features such as 3D Map View, it’s easy to see and take control of SmartThings enabled devices via the SmartThings widget. That means switching off the TV and lowering the lights from the table when it’s dinner time, turning up the air conditioning without getting off the couch, or getting notified when someone leaves the refrigerator door open — all on one powerful device. Users can also enable SmartThings Energy and AI Energy Mode to easily monitor their devices’ energy consumption. Galaxy AI doesn’t just enhance life on the go, it also takes the stress out of home life.
    Expanded Third-Party App Ecosystem

    The Galaxy Tab S10 series expands Galaxy’s unique connected experience and third-party app ecosystem, offering new and enhanced apps. The Tab S10 series provides access to leading third-party apps including Goodnotes,14 LumaFusion,15 Noteshelf3,16 Clip Studio Paint,17 PicsArt, and Sketchbook. Users can easily control speeds and add dramatic visual effects when editing videos on LumaFusion, or share their creative edits and re-created content with friends via PicsArt. With the Galaxy Tab S10 series’ extensive third-party app ecosystem, there’s something for everyone.
    Secure Experiences, Powered by Samsung Knox
    Samsung is committed to providing users with choice and control over their devices and their data. With Advanced Intelligence settings, users can choose to disable online data processing to ensure their data remains on-device. Samsung Knox’s real-time threat detection and collaborative protection keeps users safe, so they can live life to the fullest.
    Availability & Offers
    The Galaxy Tab S10 Ultra and Galaxy Tab S10+ are available for preorder starting today, with general availability beginning October 3 at Samsung.com and national retailers.
    Galaxy Tab S10+ will also be available in a 5G model at major carriers such as AT&T, T-Mobile, and Verizon.
    For those who pre-order Galaxy Tab S10 Ultra or Galaxy Tab S10+ at Samsung.com or Best Buy, Samsung is offering enhanced trade-in value up to $800 off either device.
    Galaxy Tab S10 Ultra starts at $1,199.99, with 256GB, 512GB, and 1TB storage options.
    Galaxy Tab S10+ starts at $999.99, with 256GB and 512GB storage options.
    Both devices are available in Moonstone Gray and Platinum Silver.
    For more information about the Galaxy Tab S10 series, please visit: https://www.samsung.com/us/tablets/galaxy-tab-s10/

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI USA: Victory in the Field Begins in the Factory’: Ukrainian President Thanks IAM Local 847 Members in Visit to Pennsylvania Ammunition Facility

    Source: US GOIAM Union

    Ukrainian President Volodymyr Zelensky recently visited a factory in Scranton ,Pa., to watch proud IAM Local 847 (District 1) members manufacture artillery shells. Zelensky also wanted to meet and thank the workers he considers vital to his country’s defense.  He was accompanied by U.S. Sen. Bob Casey (D-Pa.,) and Pennsylvania Gov. Josh Shapiro (D) , who also wanted to meet and thank IAM Union members. 

    (Photo Courtesy: Volodymyr Zelensky, via X)

    Over 400 IAM members work at the Scranton Army Ammunition factory, with another 1,000 General Dynamics workers nearby manufacturing the lethal explosives used inside each shell. 

    “400 people save millions of Ukrainian people,” said Zelensky. “I just say thank you.”

    Watch a highlight video here.

    If you are a Russian soldier on the front in Ukraine, you have roughly 75 seconds from the time Ukrainian forces fire a 155 millimeter shell your way, until that artillery round hits. When it does, most things within 50 meters are dead, and much within 100 meters is seriously shredded by steel shrapnel.

    The modern artillery systems, like the famed M777 Howitzer cannon, sold to the Ukrainians by NATO since the Russian invasion in 2022, are accurate to within 10 meters of a target point. Russians within 100 meters of that target point are having a seriously bad day.

    Ukrainian military leaders report that they fire 6,000 to 8,000 rounds of these artillery shells every day at the Russians, from 15 to 20 miles away. Russian troops are firing multiple thousands of 120 millimeter artillery rounds per day back at the Ukrainians, with far less accuracy, which often fail to function on impact. Ukraine has asked western defense contractors, like this U.S. Army factory run by General Dynamics, to up their production rate of artillery shells so that Ukraine can send 7,000 to 9,000 shells a day at the Russians.

    That means steady work for IAM members of local 847, just outside of Scranton.

    “Our members at Local 847 have been shaping the steel artillery rounds for the Army for a few generations now,” said IAM District 1 Directing Business Representative Anthony Armideo. “General Dynamics runs that factory now, but we have been at that site since Hoffman Machinery Corp. converted the factory to produce artillery shells in 1953.”

    (Photo Courtesy: Volodymyr Zelensky, via X)

    “Any time we hear that production is ramping up for our members, that is good news. Local 847 has a long history with the IAM, dating back to its charter in 1952 when 500 brothers voted to join,” said IAM Eastern Territory General Vice President David Sullivan. “Now these Brothers, Sisters, and Siblings are continuing that legacy of shaping steel for our defense industry at General Dynamics”.

    Media reports that Ukraine has ordered 1.5 million of these rounds, and IAM members have helped meet that demand. 155 millimeter rounds have become one of the most sought after tools for the Ukrainian military. Some unique engineering has seen mortars and artillery rounds dropped from drones by the Ukrainians to defeat Russians. 

    “Our members do this work everyday, with little notice or fanfare,” said IAM Local 847 President Joe Leary. “We were just happy to see Zelensky up close, because we want him to win.”

    A banner stretches above the factory floor: “Victory in the field begins in the factory.” Above the banner hangs a flag of each U.S. military service branch, with the U.S. flag in the proper position of honor, facing forward from the right of all other flags.

    These IAM members are honored to hold their position in this factory to bring victory closer each day. Hoping to shape an outcome of a war of self defense that keeps Ukraine free and independent.

    (Photo Courtesy: Volodymyr Zelensky, via X)

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    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI USA: Free Legal Help Available for South Dakotans Affected by Summer Storms

    Source: US Federal Emergency Management Agency

    Headline: Free Legal Help Available for South Dakotans Affected by Summer Storms

    Free Legal Help Available for South Dakotans Affected by Summer Storms

    SIOUX FALLS, S.D. – A Disaster Legal Services hotline is now available to provide legal assistance to South Dakotans impacted by this summer’s severe storms and flooding. The hotline connects residents in Davison, Lincoln, Turner, and Union counties with free legal services for those who cannot afford an attorney.

    Residents can reach the hotline at 605-444-3719 during business hours from 8 a.m. to 5 p.m. Callers can also
    leave a message outside of business hours, and a representative will return your call.

    The hotline may provide help with legal issues such as:

    ▪ Home repair contracts and property insurance claims
    ▪ Redoing wills and other important legal documents destroyed in the disaster
    ▪ Price gouging, scams, or identity theft
    ▪ Landlord and tenant problems, or threats of foreclosure
    ▪ Disability related access to federal state and local disaster programs
    ▪ FEMA and U.S. Small Business Administration financial benefits

    The hotline cannot help in all cases. For example, they cannot take cases where a settlement could include legal fees or an award, but they may refer those cases to other legal help. The service is a partnership between the American Bar Association Young Lawyers Division, FEMA, and East River Legal Services.

    tiana.suber
    Thu, 09/26/2024 – 13:39

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Africa: From Executive Assistant to Vice-President: APO Group Celebrates In-House Talent with the Appointment of Michelle Scott as Vice President of Business Enablement and Chief of Staff

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

    JOHANNESBURG, South Africa, September 26, 2024/APO Group/ —

    APO Group (www.APO-opa.com), the premier award-winning Pan-African communications consultancy and press release distribution service, is proud to announce a significant leadership appointment with the promotion of Senior Executive Assistant Michelle Scott to Vice President (VP) of Business Enablement and Chief of Staff.

    These move underscore APO’s commitment to recognising potential, fostering leadership from within, giving team members the platform to advance in their careers, and highlight APO Group’s dedication to nurturing and elevating its internal talent.

    In her new capacity, Michelle will spearhead the newly established Business Enablement Department. Her focus will be on optimising customer experience, driving operational efficiencies, and enhancing cost management. She will oversee project management, business analysis, and cross-departmental collaboration, ensuring seamless integration between the Business Enablement Team and all company departments.

    “Michelle’s deep understanding of our business, combined with her strategic mindset and ability to identify areas for improvement, makes her the perfect choice to lead the Business Enablement team,” said Bas Wijne, CEO of APO Group. “Her analytical approach and commitment to finding effective solutions will be instrumental in driving operational excellence and supporting our long-term goals.”

    In her dual role, Michelle will not only drive operational efficiencies as VP of Business Enablement but, as Chief of Staff, she will also serve as a trusted adviser and strategist to Founder and Chairman Nicolas Pompigne-Mognard, ensuring there is seamless alignment between leadership and APO Group’s overall vision.

    Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com) stated, “Throughout her time at APO Group, Michelle Scott has consistently shown exceptional loyalty, integrity, and a steadfast commitment to excellence. From the moment she joined as my Senior Executive Assistant, it was clear that she had the potential to contribute far beyond her role and grow alongside the company.

    Her sharp and decisive leadership has earned Michelle the trust and respect of her colleagues. Her leadership has already delivered meaningful improvements to our operations, and we look forward to the continued infusion of fresh energy and strategic insights that she will bring as she officially joins our Leadership Team.”

    “I am deeply honoured to assume the role of Vice President of Business Enablement and Chief of Staff at APO Group,” said Michelle Scott. “The establishment of the Business Enablement division highlights our organisation’s growth, evolution, and commitment to embracing new technologies and innovations. I am thrilled about this incredible opportunity and look forward to collaborating closely with our talented teams to advance our strategic objectives, enhance operational efficiencies, and continue delivering exceptional value to our clients.

    I am confident that the exciting journey we embark on today will shape our future and solidify our position as the leading communications partner of choice in Africa. Additionally, I am immensely proud to be part of a company that not only values its clients but also prioritises the development of its team. My promotion is a testament to this commitment.”

    APO Group is entering an exciting new chapter of innovation and growth. We are committed to delivering exceptional value to our clients and transforming the communications industry across Africa. We encourage our clients, partners, and stakeholders to join us on this journey as we continue to raise the bar, set new industry standards, and create a meaningful impact across the continent.  APO Group congratulates Michelle Scott on her well-deserved promotion and looks forward to the continued success she will bring in her new role as Vice President of Business Enablement and Chief of Staff.

    MIL OSI Africa –

    January 23, 2025
  • MIL-OSI United Kingdom: TRA investigates imports of tin mill products from China

    Source: United Kingdom – Executive Government & Departments

    The TRA has initiated a new investigation into tin mill products from China, following an application asking for an anti-dumping measure to be imposed.

    The Trade Remedies Authority (TRA) has initiated a new investigation into tin mill products imported to the UK from China. This follows an application from Tata Steel UK asking for an anti-dumping measure to be imposed.

    Tin mill products are often used in packaging and are known for their paint adhesion, as well as high heat resistance, sturdiness and recyclability. They are made through flat rolling iron or non-alloy steel and coating that with tin. They can also be subsequently coated in plastic or chromium.

    The applicant, Tata, has alleged that imports of tin mill products from China are being dumped into the UK, and that these dumped imports are causing injury to the UK industry.

    The period of investigation for this investigation will be 1 April 2023 – 31 March 2024.

    The TRA found that during the period of investigation, imports of tin mill products from China represented 5.3% of the UK market share, while the UK industry held 46% of the market.

    Businesses that may be affected by this investigation can register their interest through our public file by 10 October 2024. Any new case developments will be posted on the TRA’s public file. 

    Notes to editors:

    • The TRA is the UK body that investigates whether trade remedy measures are needed to counter unfair trading practices and unforeseen surges of imports.
    • Anti-dumping duties allow a country or union to act against goods which are being sold at less than their normal value – this is defined as the price for ‘like goods’ sold in the exporter’s home market.

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    Published 26 September 2024

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI Economics: Manufacturing That Returns to Nature—In Pursuit of “Nature Positive”

    Source: Panasonic

    Headline: Manufacturing That Returns to Nature—In Pursuit of “Nature Positive”

    The Panasonic Group is promoting a long-term environmental vision, Panasonic GREEN IMPACT (PGI). Complementing initiatives for carbon neutrality and circular economy, Panasonic Holdings Corporation (PHD) is also investing in the nature positive* economy, promoting research and development with green transformation (GX) as a pillar of its growth strategy. In August 2024, Dr. Naoki Adachi, CEO of Response Ability, Inc. and Executive Director of the Japan Business Initiative for Biodiversity (JBIB), sat down with Tatsuo Ogawa, PHD Executive Officer and Group CTO, for a dialogue on the importance of corporate initiatives for nature positive, what the Panasonic Group should be aiming for, and examples of nature positive initiatives within the Group. 
    * Nature Positive: halting and reversing biodiversity loss

    Why corporate commitments to nature positive matter

    The session began with Dr. Adachi explaining why biodiversity is critical to human economic activity:
    The global target agreed to at the 15th Conference of the Parties to the Convention on Biological Diversity (COP 15) in December 2022 is referred to as “nature positive.” With 2020 as the base year, the goal is to stop biodiversity loss and put it on a recovery track by 2030 and to fully restore our ecosystems by 2050.
    Climate change, resource cycles, and biodiversity are all “nature” issues. Ecosystem services—regulating, supplying, cultural, and infrastructure functions—have yielded a variety of benefits to humans but are breaking down under the burden of human economic activity. Biodiversity is “natural capital.” We must acknowledge that our lives and business activities depend on biodiversity—and that if we negatively impact biodiversity, then that natural capital will disappear and human economic activity will no longer be possible.

    Dr. Naoki Adachi

    The Economics of Biodiversity: The Dasgupta Review, a report commissioned by the UK Treasury and published in 2021, states that “the economy is only one part of the environment (biosphere).” Along with this awareness is the importance of utilizing nature to solve problems in the future—and to do that, we need to increase the amount of nature.
    Companies must hone their technical ability to harness the power and functions of nature and strengthen their managerial skills so they can launch businesses that increase nature.

    What nature positive action is required from Panasonic Group?

    Ogawa asked Dr. Adachi about the direction the Group should take in its nature positive efforts, and shared his own thoughts on the realization of nature positive from a corporate perspective.

    Conversation between CTO Tatsuo Ogawa and Dr. Naoki Adachi

    Ogawa: The Panasonic Group’s nature positive initiative is just getting started. What direction should we be taking?
    Dr. Adachi: It’s wonderful that you are broadly disclosing the Group’s impact on nature in the Sustainability Data Book and other publications. I think you can find some clues by reviewing your impact not only within the Group but also across your supply and value chains.
    Ogawa: As a company, our perspective tends to be limited to things that have a direct impact on our business today. Based on our firm understanding of “the concept that biodiversity underlies all economic activity,” we will thoroughly promote our circular economy initiative. By expanding our perspective to the entirety of nature and the planet, we believe that we will be able to create new relationships with partner companies.
    Dr. Adachi: In the coming age of nature positivity, a new market will emerge. I think it would be a good idea to take another look at nature, to make good use of nature to solve problems, and to be conscious of the upfront investment that will be required.

    Specific initiatives for becoming nature positive

    The Panasonic Group has multiple initiatives under way to develop and commercialize technologies and realize a nature positive economy, driven by the passion of employees who want to make a positive impact on the environment.
    Let’s take a closer look at three initiatives:

    Bio CO2 Transformation technology “Novitek”

    Bio CO2 Transformation technology uses atmospheric CO2 as the main source to produce a component that stimulates plant growth by harnessing photosynthetic microorganisms. Expected to be commercialized as “Novitek” by the end of FY2025, it can promote decarbonization while stimulating plant growth and increasing crop yields.

    [Related Article] Panasonic in Numbers: Bio CO₂ Transformation Technology

    Left: Biomolecules are diluted by a factor of 500 and then applied to the leaves of crops Right: A single application of Novitek to the spinach on the left increased yield by 40 percent compared to untreated spinach on the right.

    Seiji Kojima, Green Innovation Center, PHD Technology Division

    Novitek developer Seiji Kojima of the PHD Technology Division had this to say:
    Kojima: We sought a dual vision of reducing environmental burden and creating economic value. When working with nature, the idea is to chain and amplify value in multiple stages, leveraging the power of nature at each stage.Bio CO2 Transformation starts with atmospheric CO2. Even when crops are being sprayed, the system seeks to improve productivity by making use of atmospheric CO2. Depicting this kind of value chain and amplification structure for initiatives that focus on the environment and nature is important. 

    2-step plan to reduce environmental burden and create economic value (value chain/amplification)

    Restoring regional flora—Kusatsu Factory “Forest of Coexistence”

    The Forest of Coexistence covers 13,000 m2 at Panasonic Corporation (Panasonic)’s Kusatsu Factory of in Kusatsu City, Shiga Prefecture and is positioned as an important green space under Panasonic’s Ecological Network Concept, which seeks to contribute to local biodiversity while preserving the landscape.

    The overview of the Panasonic Kusatsu Factory and the Forest of Coexistence

    Takahiro Nakano, from the General Affairs Department of Panasonic’s Living Appliances and Solutions Company, manages the Forest of Coexistence and explains its significance:
    Nakano: When founder Konosuke Matsushita visited the Kusatsu Factory in 1970, he said, “Kusatsu (Factory) is made with an emotional atmosphere by fully utilizing (or taking advantage of ) nature. In fact, that’s how I want it to be.” Since then, the Kusatsu Factory has been developed as a “park factory” surrounded by greenery and flowers and cherished by local residents, the “most advanced factory in the Orient” that enriches people’s lives.The company introduced the Ecological Network Concept to create a green space in a corner of the site and secure a habitat for wildlife while connecting it with the surrounding green space and waterfront. Known as the “Forest of Coexistence,” development began in October 2011.

    The significance and role of the Forest of Coexistence

    Nakano: The site includes waterfront, grassland, and woodland and serves as a model for “satoyama” (rural spaces in which humans and nature coexist). A team of experts monitors the restoration status of the satoyama environment. Employees manage green areas, monitor for invasive species, and raise seedlings and plant trees. The number of plant and animal species has recovered from approximately 580 species in 2011 to approximately 840 in 2016. 

    Plants and animals living in the Forest of Coexistence

    Takahiro Nakano, General Affairs Department, Living Appliances and Solutions Company, Panasonic Corporation

    Nakano: In October 2023, the Ministry of the Environment certified the area as an “OECM (Other Effective area based Conservation Measure) site” and the site was registered in an international database as one of Japan’s OECMs in August 2024.

    Open Innovation “Nawashiro” Initiative

    Since April 2023, PHD has been launching our system for nurturing technologies in their seed stage, called “Nawashiro.” Inspired by the Japanese practice of growing rice seedlings, which requires careful attention and effort, “Nawashiro” reflects our commitment to nurturing technologies without cutting corners. It leverages collaboration with academia, providing resources and mentorship to help emerging technologies develop until they are ready for the market, embodying our dedication to fostering innovation. Koichi Matsumura of PHD’s Technology Planning Office, explains: 
    Matsumura: This initiative is known as “Nawashiro” because it nurtures the seeds of technology. Our goal is to create themes that actively utilize industry-academia collaboration.

    Koichi Matsumura, Open Innovation Promotion Department, Technology Planning Office, PHD

    Matsumura: Our approach is to study the subject area and then “go into the field for hands-on work.” We analyze data and facts using the knowledge we’ve gained, and then compile the results, hypotheses, and facts we think will be of interest to professors at Kyoto University and other universities with whom we collaborate. Today we are exploring and analyzing the following activities:
    Collaboration with Kyoto University: Understanding the Mechanism of Natural CyclesBased on hill-to-ocean linkage studies, we seek to establish sensing, modeling, and actuation methods for material circulation in forests/soil. We collect and analyze data from sensors that have been installed at various sites.

    Left: Academics from collaborating universities inspect the Forest of CoexistenceRight: Sound data collection experiment at Kyoto University’s Kamigamo test site. Sound data is analyzed using Panasonic sound analysis technology.

    Matsumura: We want to create opportunities to accelerate research by sharing the findings and data obtained here with researchers, including those outside of “Nawashiro.”

    At the conclusion of their dialog, Dr. Adachi and Ogawa offered some closing comments. 
    Dr. Adachi: As part of our efforts to realize nature positivity, we would like you to promote recycling-based manufacturing from the design stage.
    Ogawa: In July 2024, the PHD Corporate Technology Sector formulated a “Technology Future Vision” that includes themes that cannot be separated from nature—including energy, water, and food. Nature is the source of everything. Using this as our starting point, we will consider new ways of doing business, of creating new communities, of producing food and new energy, and new ways of recycling resources—all aligned to the theme of “nature.” We will also consider combining nature and AI. By doing so, a new future will open up for the Panasonic Group.

    Related Articles

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Economics: Media Release: Exploration exit a blow to Victoria’s energy security as gas supply dwindles – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media Release: Exploration exit a blow to Victoria’s energy security as gas supply dwindles – Australian Energy Producers

    A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in eastern Australia. 

    Australian Energy Producers Chief Executive Samantha McCulloch said the announcement from seismic surveyor TGS highlighted the increasingly difficult regulatory and investment environment in Australia, particularly in Victoria where new gas supply is most needed.  

    “Victoria is facing gas supply shortfalls from 2027 and already came close to running out of gas during peak periods this winter,” Ms McCulloch said.

    “With Victorian gas production declining rapidly, immediate action is needed to find and develop the new gas supplies so crucial to eastern Australian homes and businesses.  

    “Instead, we are seeing increased regulation, long delays to project approvals, and the continued demonisation of gas by the Victorian Government, including the recent decision to force all households to replace gas appliances with electric ones.

    This is scaring off investment and delaying urgently needed new gas supply which will only increase the risk of blackouts, disruptions and higher energy bills.” 

    “Decision-makers must recognise that capital is global and mobile, and Australia is fast losing out to other countries that are actively supporting investment.”  

    Ms McCulloch said the Federal Government’s granting of two production licenses today to Beach Energy  offshore of Victoria was a welcome step to boost domestic energy security, but more supply will be needed. 

    The Australian Competition and Consumer Commission’s latest quarterly gas inquiry report, released today, shows eastern Australia faces peak period gas shortfalls from next year, and structural shortfalls from 2027.

    “The ACCC recognises the efforts of industry to ensure that additional gas is available during periods of peak demand,” Ms McCulloch said.

    “But without further exploration and development, future gas shortfalls are almost inevitable.”  

    Ms McCulloch said activists targeting TGS’ planned seismic surveys were at odds with the science and misrepresented a proven technology.

    “Seismic surveys are a safe and essential technology used in Australia and around the world for more than 60 years. It is the same technology used by the offshore wind industry, and the independent national regulator NOPSEMA has found seismic surveys to be safe for the marine environment,” she said. 

    “The Greens and activists want to stop all new gas developments, with no regard for the devastating impact on Australia’s economy and energy security.

    “A recent independent report by EnergyQuest found the Greens’ policy to ban new gas investment would trigger ‘major economic disruption’ on both coasts of Australia, leading to a high risk of blackouts, manufacturers closing and inevitably higher energy prices in a decade.” 

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI China: China, EU willing to resolve disputes through dialogue

    Source: China State Council Information Office

    Both China and the European Union (EU) have clearly expressed political willingness to address disputes through consultations, China’s Ministry of Commerce said Thursday.

    The remarks came from ministry spokesperson He Yongqian in response to a media inquiry about recent consultations between Chinese Minister of Commerce Wang Wentao and European Commission Executive Vice President and Trade Commissioner Valdis Dombrovskis on the EU’s anti-subsidy case involving Chinese electric vehicles.

    The spokesperson described the talks as “comprehensive, in-depth and constructive.”

    During the talks, the two sides agreed to push forward negotiations on a price commitment agreement and fully commit to achieving a mutually acceptable solution through amicable dialogue and consultations, according to the spokesperson.

    Currently, technical teams from both sides are actively discussing a flexible price commitment solution, following the direction set during the talks. They are striving to reach a consensus on a solution framework before the final ruling, the spokesperson said.

    The spokesperson emphasized that China has the “utmost sincerity” to appropriately resolve disputes through dialogue and consultations. “At the same time, we are fully determined to safeguard the legitimate interests of Chinese companies.”

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI Russia: Walks, games and premieres: Russpass has collected ideas for an autumn holiday in Moscow

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Moscow celebrates World Tourism Day. The capital continues to attract visitors at different times of the year and is ideal for off-season travel. You can find out which city parks to visit, where to see the best exhibitions and where to go with children in the new section “Autumn in Moscow” on Russpass.

    The beauty of nature

    In city parks you can stroll among colorful trees, listen to the rustling of leaves under your feet, and also see old estates, sculptures and ponds. In the fresh air you can not only observe the beauty of nature, but also take interesting pictures.

    Russpass has prepared routes through the most beautiful parks of the capital. Among them are: Museum-Reserve “Kolomenskoye” with stunning panoramic views from the steep bank, forest labyrinths estates Pokrovskoe-Streshnevo, literary Peredelkino, a mysterious national park “Moose Island” and the Russian Versailles – Kuskovo estateIf you don’t want to go into the thicket, you can take a ride by bike or walk along the autumn Boulevard Ring.

    On a date with art

    Moscow museums offer to evaluate works of art. After walking through the Muzeon Art Park, you can go to the New Tretyakov Gallery and see the capital of different eras through the eyes of artists from the Vasnetsov dynasty. The exhibits are worthy of attention at the Museum of Russian Impressionism, and also “Adepts of Red” in the Engineering Building of the Tretyakov Gallery. You can admire the fascinating autumn still lifes and many other works of art at the A.S. Pushkin State Museum of Fine Arts.

    Tastes of Autumn

    Capital restaurants invite you to meet with the off-season menu and appreciate the views of Moscow streets. Most of the city’s gastronomic establishments are located in beautiful places in the historical center. Hot pumpkin soup with Italian croutons, meat salads or hot tea will help to complement the impressions of autumn leaf fall.

    Theatre premieres

    Autumn is the beginning of the theatre season, including in Moscow. This year there will be more than 200 premieres, including fearless experiments, classical ballet, and sparkling musicals. Spectators will enjoy masterful performances by their favorite actors, beautiful interiors, and unforgettable emotions. A special part after the performance will be a walk through the evening capital, sparkling with lights.

    Learning is easy and fun

    Moscow confirms its status as the capital of children’s tourism and offers a wide range of entertainment and play-based learning for both children and their parents, who will certainly want to remember their childhood. This is an ideal city to visit during the autumn holidays. The Russpass service invites little explorers take part in immersive shows, quests and master classes in autumn parks, join to lessons in magic and scenography, and also visit Lego Museum— one of the largest in Europe.

    Russpass service launched in 2020. In four years, it has become an entire tourism ecosystem, with the help of which it is easy to plan a trip, book tickets and a hotel, and select excursions. Interesting facts about traveling in Russia are posted in the online publication “Russpass-magazine”. In addition, since June 2023, a portal has been operating for representatives of the tourism industry “Russpass. Business”.

    The service was created on the initiative of the Moscow Government. The project is supervised by the capital Tourism Committee together with the city Department of Information Technology.

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

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

    http://vvv.mos.ru/nevs/item/144528073/

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

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI China: Foreign tourists flocking to Hainan

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

    The number of overseas visitors in Hainan province has been increasing thanks to the convenient immigration policies of the Hainan Free Trade Port, local authorities said.

    The entry and exit policies at the province are considered the most favorable in China, said Wang Haixing, director of the Haikou General Station of Exit and Entry Frontier Inspection, at a news conference on Thursday.

    In February, the National Immigration Administration implemented new policies to enhance visa-free entry opportunities for people from 59 countries who want to visit Hainan. In May, a 15-day visa-free entry policy took effect for foreign tour groups arriving in Hainan via cruise ships, and in July, visa-free entry for foreign tour groups entering the island province from Hong Kong or Macao was permitted for up to 144 hours.

    As of Thursday, 1.514 million inbound and outbound personnel have been inspected this year, up 278.5 percent year-on-year, according to the station.

    So far this year, 238,500 foreign tourists have entered Hainan visa-free, a 6.5-fold increase compared to last year, constituting over 80 percent of the total number of overseas visitors to the island.

    Wang said that visa exemptions have become the primary method for foreigners who want to visit Hainan, and they have facilitated the hosting of major international events such as the Boao Forum for Asia Annual Conference and the China International Consumer Products Expo.

    Luo Zhengyu, deputy director of the station, highlighted that the border inspection authorities have implemented a series of effective measures to ensure the smooth implementation of travel policies. For instance, the number of passenger inspection channels at all provincial airports has increased from 39 to 98, with the activation of 44 inbound and outbound express channels.

    “This expansion has significantly reduced passenger waiting times and improved customs clearance efficiency,” he said.

    Additionally, passengers from 59 nations who are eligible for visa-free entry in Hainan, as well as foreign tourist groups entering Hainan from Hong Kong or Macao visa-free for 144 hours, no longer have to fill out entry cards. Furthermore, passengers arriving by cruise ships are no longer required to provide fingerprint information.

    “We will introduce innovative measures to enhance the travel experience for Chinese and foreign individuals, further creating a more convenient and streamlined border inspection atmosphere,” Luo said.

    Two of Hainan’s major airports have launched 58 international passenger routes — 36 at Haikou’s airport and 22 at Sanya’s — connecting 31 cities in 18 countries and regions.

    This week alone, two international routes have been launched, and a third will open this weekend, bringing the total number of international flights to and from the island to 61 by the end of this month, according to Hainan Airport Group.

    On Tuesday, the route linking Taiyuan, Shanxi province, and Singapore via Sanya commenced operations. On Thursday, Haikou Meilan International Airport inaugurated its first route to the United States, offering service to Seattle, Washington. On Saturday morning, Boao International Airport will host the inaugural flight ceremony for the first international route from Qionghai to Kuala Lumpur, Malaysia.

    “For many foreign visitors, a trip to Hainan without plans has become a reality,” said Mai Weiwen, CEO of Hainan Wenhua Tourism Group. “Thanks to the increasing number of international flights being launched in Hainan, local travel agencies are seizing opportunities to expand their market by venturing abroad to overseas tourist source markets.”

    Russian expatriate Andreev Aleksei, a lecturer at Hainan University, is excited about the preferential visa-free policies.

    “I plan to invite my family members to Hainan due to the ease of travel without the need for visa applications,” he said, also highlighting the convenience of direct flights from Moscow to Haikou and Sanya, as well as from other international cities to Hainan, making travel to the tropical island more accessible for foreign visitors.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI China: $2.1b deals inked with Malaysia

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

    Cooperation agreements worth a total of 14.6 billion yuan ($2.1 billion) were signed on Wednesday to facilitate a China-Malaysia industrial park project and commodity trading between China and the Association of Southeast Asian Nations.

    The deals were inked during a trade promotion conference on the sidelines of the 21st China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region.

    Focusing on the China-Malaysia projects, bulk commodity trading and supply chain finance, the meeting promoted collaboration on 15 industrial projects, 15 bulk commodity trading projects and six financial innovation projects.

    Among the projects, the “Two Countries, Twin Parks” project is a major cooperative result achieved with the Belt and Road Initiative. As part of the project, the China-Malaysia Qinzhou Industrial Park (CMQIP) in Guangxi was launched in 2012, and its sister park — the Malaysia-China Kuantan Industrial Park (MCKIP) in Kuantan, Malaysia’s Pahang state — was set up in 2013.

    The conference saw participation of more than 300 delegations from economic and trade authorities, business associations, research institutions, bulk commodity trading platforms and representatives from over 240 companies in China and ASEAN member states.

    “The industrial park (MCKIP) is not only an economic cooperation project, but also an important engine that changes the economic landscape of Kuantan and Pahang state,” said Sim Chong Siang, an executive council member of Pahang.

    The building of the MCKIP has made Kuantan a vital trade hub, while attracting international investors and creating high-quality job opportunities for the local community, Sim said.

    Noting that this year marks the 50th anniversary of the establishment of China-Malaysia diplomatic relations — and the Year of China-Malaysia Friendship — Tan Pichuang, vice-chairman of Guangxi, said the region is willing to work with all partners concerning the twin parks to jointly promote infrastructure connectivity and cooperation in industry, investment, trade and finance.

    Tan said he looks forward to jointly developing the twin parks into an example of economic and trade innovation, as well as a demonstration zone for high-quality BRI cooperation on industrial capacity.

    Since the launch of the Beibu Gulf Mercantile Exchange in 2023, the platform has become a comprehensive supply chain service system, covering manganese-based products, new energy materials, palm oil, non-ferrous metals and fruit from ASEAN markets, said Wang Xiongchang, Qinzhou’s mayor and director-general of the administrative committee of the CMQIP.

    “To date, the platform has achieved a cumulative transaction volume of 50.8 billion yuan,” Wang said.

    Noting that Malaysia and China celebrated the 10th anniversary of the establishment of a comprehensive strategic partnership last year, Tan Tian Meng, secretary-general of the Associated Chinese Chambers of Commerce and Industry of Malaysia, said the bilateral relationship is at its best point in history.

    Tan said the twin parks of Malaysia and China have injected new vitality into the economic development of both countries, and he wishes to see more exchanges in the business sector to explore more opportunities in each other’s markets.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI China: Chinese modernization will create new opportunities: ambassador

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

    LONDON, Sept. 26 — Chinese Ambassador to the United Kingdom (UK) Zheng Zeguang has said that Chinese modernization will create new opportunities for China’s cooperation with other countries.

    Speaking at a reception held on Wednesday to celebrate the 75th anniversary of the founding of the People’s Republic of China, the ambassador recalled China’s remarkable achievements over the past 75 years, saying its development has been an engine for the global economy and injected positive energy into world peace.

    “With reform measures rolled out at the third plenum of the 20th CPC Central Committee, China’s social vitality will be further unleashed, development momentum reinforced, and high-quality development boosted, and new opportunities will be created for China’s cooperation with other countries,” Zheng said.

    He said that China and the UK should work together to follow up on the understanding between the leaders of the two countries, uphold mutual respect, enhance engagement, and expand cooperation, so as to build a stable and mutually beneficial relationship and contribute to world peace and stability.

    Parliamentary Under-Secretary Catherine West at the Foreign, Commonwealth and Development Office spoke on behalf of the UK government at the reception. More than 500 guests from all walks of life in the UK, ambassadors from various countries to the UK, and representatives from the Chinese community, Chinese-funded institutions, and Chinese students attended the event.

    Also at the reception, China-Britain Business Council Chair Sherard Cowper-Coles told Xinhua that China’s development is “without parallel in human history.”

    The UK has an economy and a society that is very complementary to China and the two sides enjoy a huge potential for cooperation, said Cowper-Coles. “I hope we can be part of Chinese modernization, and I hope the world can share in it.”

    He said: “I don’t believe in de-globalization or decoupling or de-risking, I think we de-risk by engaging with each other, by exchanging goods and services and ideas.”

    Highlighting a shared future between the two countries, he said, “We should have a shared future, we must have a shared future, and we must work together.”

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI China: US chipmaking drive at risk with Intel’s mounting financial woes

    Source: China State Council Information Office 3

    Intel, once the biggest chipmaker in the United States by revenue, is facing mounting financial troubles that threaten to derail the U.S. government’s ambitious strategy to revitalize domestic chip manufacturing.

    Intel shares have taken a hard hit in recent months after the company reported a staggering net loss of 1.61 billion U.S. dollars in the second quarter and announced cutting about 15,000 jobs to save costs. This is viewed as an especially troubling sign when the company is expected to bolster the U.S. semiconductor workforce.

    Intel’s stock has plummeted by about a third since the release of its latest earnings report in August and nearly two-thirds this year.

    This fall has pushed Intel’s market value below 100 billion dollars for the first time in three decades, as the company struggled to compete with artificial intelligence (AI) chip designers while missing the growth opportunities from the AI-driven boom.

    Intel was reportedly considering a range of options to cut costs, including separating or selling its foundry business or building chips based on designs from other companies.

    The U.S. government bet big on Intel to boost domestic chip manufacturing. The company’s foundry business was viewed as crucial to achieving that goal.

    In a show of support, the U.S. Commerce Department announced in March that it would award Intel a nearly 20-billion-dollar incentive package, including 8.5 billion dollars in grants and 11 billion dollars in loans. This represents the largest award under the CHIPS and Science Act of 2022.

    The CHIPS Act, which allocated 39 billion dollars in grants to incentivize chip companies to build factories in the United States, aimed to reverse the decades-long shift of semiconductor production to Asia.

    According to the Commerce Department’s announcement in March, the government’s incentive was designed to support Intel’s efforts to produce cutting-edge semiconductors at large-scale plants in Arizona and Ohio. The money was also reported to help pay for research and development and advanced packaging projects at facilities in Oregon and New Mexico.

    Intel is currently constructing four chip factories in the United States, with two facilities each in Ohio and Arizona. The two factories in Licking County, Ohio, are part of a 20-billion-dollar project that could eventually accommodate up to eight factories and are expected to be completed in 2025.

    In Arizona, Intel is investing over 32 billion dollars to build two new leading-edge chip factories and modernize an existing facility at its Ocotillo campus, according to the company.

    Intel CEO Pat Gelsinger said earlier that building chip factories in the United States is economically uncompetitive compared with Asia, and he expected the government’s incentives to help redress that imbalance.

    However, despite these ambitious plans and the promise of government support, Intel has yet to receive any funds from the announced incentive package. Growing questions surround the timeline for Intel to access the nearly 20 billion dollars in CHIPS Act incentives, which are contingent on the company meeting specific milestones and requirements.

    According to a Bloomberg report this month, the Department of Commerce declined Intel’s request for funds, instead insisting that the company meet key milestones and conduct significant due diligence before it would consider releasing the money.

    The implications of Intel’s financial woes extended beyond U.S. borders. The company paused plans for new chip factories in Germany and Poland and delayed the opening of a new chip packaging plant in Malaysia following its dismal second-quarter financial results.

    Media reports suggest that Qualcomm had approached Intel to acquire parts of its business, though both companies declined to comment on the deal. Industry analysts, however, remained skeptical about the potential for such a deal to address the challenges facing U.S. chip manufacturing.

    Qualcomm, having never operated a chip factory before, may not be interested in buying Intel’s loss-making chip manufacturing unit, as it would be challenging to turn around or sell the unit, according to a Monday report by Reuters, citing industry analysts.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI China: Digital trade a new engine for growth

    Source: China State Council Information Office

    People visit the Silk Road E-commerce Zone during the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    While China’s digital trade sector made significant progress in 2023, it is fast becoming a new engine in the country’s drive to strengthen its position as a strong trading nation and injecting new momentum into global economic growth, officials and experts said.

    China’s import and export of digitally-delivered services trade rose 8.5 percent year-on-year to 2.72 trillion yuan ($387.5 billion) in 2023, a record high, the Ministry of Commerce said on Thursday.

    The import and export scale of the country’s cross-border e-commerce reached 2.37 trillion yuan last year, up 15.3 percent year-on-year, according to a report on China’s development of digital trade released by the ministry during the ongoing third Global Digital Trade Expo in Hangzhou, Zhejiang province.

    Zhu Guangyao, an official with the ministry, said digital technologies such as big data, cloud computing, artificial intelligence and blockchain are increasingly integrating with various fields of social and economic development, and the booming digital trade sector has shown strong resilience and profoundly impacted the models, structure and rules of global trade.

    China boasts abundant data resources, a huge domestic market and rich application scenarios for digital technologies, all of which have laid a solid foundation for the development of digital trade, Zhu said.

    The scale of digital trade of all countries worldwide rose from $6.02 trillion in 2021 to $7.13 trillion in 2023, with an average annual growth rate of 8.8 percent, said a report on global digital trade development.

    The European Union, the United States and China ranked as the top three in regard to digital trade volume, maintaining a steady growth trend. The report was jointly released by the organizing committee of the Global Digital Trade Expo and the International Trade Center during the expo.

    The report also noted that the digital transformation of international trade continued to accelerate between 2021 and 2023, with the proportion of digital trade in the overall scale of international trade increasing from 19.6 percent to 22.5 percent, with an average annual growth rate of 6.2 percent.

    The scale of global digitally ordered trade exports also experienced steady growth, reaching $2.88 trillion in 2023, with the largest numbers recorded by China, the EU and the US.

    In addition, the report highlighted that China is committed to building an open, innovative and shared digital economy ecosystem and providing basic institutional guarantees for cybersecurity, data security and personal information protection rights in the digital era.

    Digital trade has become a transformative force that is reshaping the global economy, connecting the entire world and encompassing the seamless movement of goods, services and data across borders, driven by technological advancements, said Ashish Shah, director of country programs at the International Trade Center.

    Shah highlighted that AI is quickly improving all parts of digital trade from supply chains to how businesses interact with customers, while the shift toward digital platforms, e-commerce, fintech, AI and data-driven trade opens new frontiers for businesses, particularly small and medium-sized enterprises, which now have the tools to engage with international markets.

    “Governments, businesses, and international organizations must work together to create systems that encourage innovation, protect data privacy, and make sure the digital economy benefits everyone, especially SMEs in developing countries,” he added.

    It is noteworthy that Chinese cross-border e-commerce platforms are ratcheting up resources to develop digital trade and help Chinese manufacturers and brands expand their presence in overseas markets. The move is expected to give a strong boost to the transformation of traditional industries by making use of digital and flexible supply chains.

    For instance, fast-fashion online retailer Shein last year announced plans to extend its outreach to industrial belts in 500 cities in China. It hopes to facilitate the digital upgrade of more industrial chains, thereby helping them achieve on-demand supply in terms of production.

    The company is accelerating steps to build a supply chain project in Guangzhou, Guangdong province, covering operations, warehousing, stocking, order-picking, distribution, logistics and delivery.

    MIL OSI China News –

    January 23, 2025
  • MIL-Evening Report: Australia’s air and tourism industries need government-backed insolvency insurance. Here’s why

    Source: The Conversation (Au and NZ) – By David Beirman, Adjunct Fellow Management & Tourism, University of Technology Sydney

    Australia has a long history of domestic airlines collapsing, often affecting thousands of travellers, yet the industry provides little or no recompense.

    Even the federal government’s recently released aviation discussion paper recognised the need for change by recommending important protections for passengers. These included making airlines honour refunds if flights were cancelled or significantly delayed.

    The 2024 Aviation White Paper included the most consumer friendly proposals in 30 years. However, there was one significant omission in the 156-page report.

    There was no mention of insolvency protection for airline passengers. To put it simply, if a domestic or international airline collapses there is little likelihood passengers who paid airfares will receive a refund.

    In most cases, passengers affected by airline collapses receive little or no compensation. Fewer than 20% of Australian domestic passengers pay for domestic travel insurance compared to the 90% of Australians who buy insurance when they fly internationally.

    A history of failed airlines

    Since 1990 we have seen the rise and fall of multiple Australian airlines. This includes Compass Mark 1, Compass Mark 2, Ansett Airlines, Impulse Air and Aussie Air.

    In May, Bonza collapsed after less than a year of operation. And more recently, services operated by REX (Regional Air Express) between capital cities stopped and its regional services are under pressure.

    Virgin and Qantas immediately volunteered to honour the inter-city bookings of some REX ticket holders. However, nearly all affected Bonza passengers lost their money because no other airlines flew the same routes.

    The risk of both domestic and international airline collapses affecting Australian travellers is real. Consumers are as entitled to be protected from that risk as they are from many other travel related risks.

    The UK and European approach

    The UK approach to insolvency insurance has worked well since 1973. The UK scheme is known as “ATOL” or Air Travel Operators Licence. It applies to package tour companies who sell air travel combined with land tours or accommodation

    This user-pays, government-guaranteed insurance cover is compulsory for all British travellers who book a package tour. It costs only A$5 per person. It guarantees a full refund and return flights to the passenger’s point of origin if the tour operator goes out of business.

    A similar scheme has operated in the European Union since 1990, its known as the European Package Travel Directive.

    As part of a 2024 book I co-edited with Bruce Prideaux, I focused on the collapse of the famous British tour operator, Thomas Cook in 2019.

    I also compared insolvency consumer protection in the UK with that of Australia and New Zealand.

    The Thomas Cook experience

    When Thomas Cook collapsed in the United Kingdom and Europe, 600,000 British and European Union passengers were fully refunded the cost of their tours and flown to their port of departure under their regions’ respective schemes. And the cost of their disrupted tours was refunded.

    Funding built into the UK scheme covered full refunds to affected passengers at negligible cost to government which guaranteed the scheme.

    By contrast, a far smaller collapse of two Australian based tour operators, Tempo Holidays and Bentours in September 2019 affected fewer than 1,000 passengers.

    However not all the affected travellers were refunded due to the limitations of the insolvency scheme run by what was then the Australian Federation of Travel Agents.

    Under this scheme travellers only receive insolvency protection if they pay by credit or debit card. There is a reliance on banks to refund if a tour operator becomes insolvent. If the passenger paid for their tour by cheque or cash, no refund applied.

    What Australia needs

    There are three key categories of business insolvency which affect travellers. The collapse of an airline, the collapse of a tour operator and the collapse of a travel agent.

    If the Australian government is genuinely interested in protecting travel consumers at minimal cost to the taxpayer we should be using the UK and European schemes as a model.

    A compulsory user-pays, government guaranteed insolvency protection scheme would cost the consumer very little and would be an ideal safety net for consumers in the event that their travel company goes bust.

    David Beirman is affiliated in an honorary basis with DFAT’s Consular Consulting Group, a stakeholder group which advises DFAT on government travel advisories and broader issues of tourism safety and security.

    – ref. Australia’s air and tourism industries need government-backed insolvency insurance. Here’s why – https://theconversation.com/australias-air-and-tourism-industries-need-government-backed-insolvency-insurance-heres-why-239060

    MIL OSI Analysis – EveningReport.nz –

    January 23, 2025
  • MIL-OSI: Top Electrical Distributor Expands License with Bridgeline’s AI-Powered HawkSearch

    Source: GlobeNewswire (MIL-OSI)

    WOBURN, Mass., Sept. 26, 2024 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a leader in AI-powered marketing technology, today announced that a top 10 U.S. electrical distributor has expanded its license with Bridgeline’s HawkSearch to enhance its Salesforce B2B Commerce experience.

    HawkSearch will support over 740 profit centers, improving the distributor’s product discovery with the Unit of Measure Conversion feature, while providing additional hosting services to address growing traffic demands. With Unit of Measure Conversion, a customer searching for cable sold in feet or meters will receive consistent results no matter which unit is used, streamlining the product search and purchase process. In addition, due to the rapid growth the distributor has experienced, they have invested in additional hosting services to handle the increased traffic demand. With our innovative solutions, the distributor can manage its expanding network of profit centers and increased traffic.

    HawkSearch has developed these Unit of Measure features, along with other B2B-focused solutions, to specifically meet the complex needs of industries like manufacturing and distribution, demonstrating its commitment to driving growth for customers such as Trident Enterprises, Filters Fast, and Grizzly Industrial.

    “Our solutions help businesses overcome challenges like managing dimensional products and scaling infrastructure for growth,” said Ari Kahn, CEO of Bridgeline. “With HawkSearch’s advanced features and scalable hosting, this distributor is positioned for continued operational efficiency and sales growth.”

    About Bridgeline Digital

    Bridgeline helps companies grow revenue by increasing traffic, conversion rates, and average order value through AI-powered solutions. To learn more, visit http://www.bridgeline.com.

    Contact:

    Danielle Colvin

    SVP of Marketing

    Bridgeline Digital

    press@bridgeline.com

    The MIL Network –

    January 22, 2025
  • MIL-OSI USA: Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Second Quarter 2024 and Annual Update

    Source: US Bureau of Economic Analysis

    Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024 (table 1), according to the “third” estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased 1.6 percent (revised).

    The GDP estimate released today is based on more complete source data than were available for the “second” estimate issued last month. In the second estimate, the increase in real GDP was also 3.0 percent. The update primarily reflected upward revisions to private inventory investment and federal government spending that were offset by downward revisions to nonresidential fixed investment and exports (refer to “Updates to GDP”). Imports, which are a subtraction in the calculation of GDP, were revised up.

    The increase in real GDP primarily reflected increases in consumer spending, private inventory investment, and nonresidential fixed investment. Imports increased (table 2).

    Compared to the first quarter, the acceleration in real GDP in the second quarterly primarily reflected an upturn in private inventory investment and an acceleration in consumer spending. These movements were partly offset by a downturn in residential fixed investment.

    Current‑dollar GDP increased 5.6 percent at an annual rate, or $392.6 billion, in the second quarter to a level of $29.02 trillion, a $9.5 billion larger increase than the previous estimate (tables 1 and 3). More information on the source data that underlie the estimates is available in the “Key Source Data and Assumptions” file on BEA’s website.

    The price index for gross domestic purchases increased 2.4 percent in the second quarter, the same as the previous estimate (table 4). The personal consumption expenditures (PCE) price index increased 2.5 percent, the same as the previous estimate. Excluding food and energy prices, the PCE price index increased 2.8 percent, also the same as the previous estimate.

    Personal Income

    Current-dollar personal income increased $315.7 billion in the second quarter, an upward revision of $82.1 billion from the previous estimate. The increase primarily reflected increases in compensation and personal current transfer receipts (table 8).

    Disposable personal income increased $260.4 billion, or 5.0 percent, in the second quarter, an upward revision of $77.3 billion from the previous estimate. Real disposable personal income increased 2.4 percent, an upward revision of 1.4 percentage points.

    Personal saving was $1.13 trillion in the second quarter, an upward revision of $74.3 billion from the previous estimate. The personal saving rate—personal saving as a percentage of disposable personal income—was 5.2 percent in the second quarter, compared with 5.4 percent (revised) in the first quarter.

    Gross Domestic Income and Corporate Profits

    Real gross domestic income (GDI) increased 3.4 percent in the second quarter, an upward revision of 2.1 percentage points from the previous estimate. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 3.2 percent in the second quarter, an upward revision of 1.1 percentage points from the previous estimate (table 1).

    Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $132.5 billion in the second quarter, an upward revision of $74.9 billion from the previous estimate (table 10).

    Profits of domestic financial corporations increased $42.5 billion in the second quarter, a downward revision of $4.0 billion from the previous estimate. Profits of domestic nonfinancial corporations increased $108.8 billion, an upward revision of $79.6 billion. Rest-of-the-world profits decreased $18.8 billion, a downward revision of $0.7 billion. In the second quarter, receipts increased $4.4 billion, and payments increased $23.1 billion.

    Updates to GDP

    With the third estimate, upward revisions to private inventory investment and federal government spending were offset by downward revisions to nonresidential fixed investment, exports, consumer spending, and residential fixed investment. Imports were revised up. For more information, refer to the Technical Note. For information on updates to GDP, refer to the “Additional Information” section that follows.

      Advance Estimate Second Estimate Third Estimate
    (Percent change from preceding quarter)
    Real GDP 2.8 3.0 3.0
    Current-dollar GDP 5.2 5.5 5.6
    Real GDI … 1.3 3.4
    Average of Real GDP and Real GDI … 2.1 3.2
    Gross domestic purchases price index 2.3 2.4 2.4
    PCE price index 2.6 2.5 2.5
    PCE price index excluding food and energy 2.9 2.8 2.8

    Real GDP by Industry

    Today’s release includes estimates of GDP by industry, or value added—a measure of an industry’s contribution to GDP. Private goods-producing industries increased 6.9 percent, private services-producing industries increased 2.4 percent, and government increased 0.8 percent (table 12). Overall, 16 of 22 industry groups contributed to the second-quarter increase in real GDP.

    • Within private goods-producing industries, the leading contributors to the increase were nondurable goods manufacturing (led by petroleum and coal products) and durable goods manufacturing (led by motor vehicles, bodies and trailers, and parts) (table 13).
    • Within private services-producing industries, the leading contributors to the increase were finance and insurance (led by Federal Reserve banks, credit intermediation, and related activities); health care and social assistance (led by ambulatory health care services); as well as real estate and rental and leasing (led by real estate).
    • The increase in government reflected increases in state and local government as well as federal government.

    Gross Output by Industry

    Real gross output—principally a measure of an industry’s sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)—increased 1.8 percent in the second quarter. This reflected an increase of 2.1 percent for private goods-producing industries, an increase of 1.7 percent for private services-producing industries, and an increase of 2.2 percent for government (table 16). Overall, 18 of 22 industry groups contributed to the increase in real gross output.

    Annual Update of the National Economic Accounts

    Today’s release presents results from the annual update of the National Economic Accounts (NEAs), which include the National Income and Product Accounts (NIPAs) and the Industry Economic Accounts (IEAs). The update includes revised estimates for the first quarter of 2019 through the first quarter of 2024 and resulted in revisions to GDP, GDP by industry, GDI, and their major components. The reference year remains 2017.

    With today’s release, most data are available through BEA’s Interactive Data application on the BEA website (www.bea.gov). Refer to “Information on 2024 Annual Updates to the National, Industry, and State and Local Economic Accounts” for the complete table release schedule and a summary of results through 2023, which includes information on methodology changes. A table showing the major current dollar revisions and their sources for each component of GDP, national income, and personal income is also provided. An article describing the update in more detail will be forthcoming in the Survey of Current Business.

    The updated estimates show that real GDP increased at an average annual rate of 2.3 percent from 2018 to 2023, 0.2 percentage point higher than the previously published estimate. Over the same period, real GDI increased at an average annual rate of 2.2 percent, 0.4 percentage point higher than previously published. The average of real GDP and real GDI over the same period was 2.3 percent, 0.4 percentage point higher than previously published.

    For the period of economic expansion from the second quarter of 2009 through the fourth quarter of 2019, real GDP increased at an annual rate of 2.5 percent, revised up 0.1 percentage point from the previously published estimates. For the period of economic contraction from the fourth quarter of 2019 through the second quarter of 2020, real GDP decreased at an annual rate of 17.5 percent, the same as previously estimated. For the period of economic expansion from the second quarter of 2020 through the first quarter of 2024, real GDP increased at an annual rate of 5.2 percent, 0.3 percentage point higher than previously estimated.

    Previously published estimates, which are superseded by today’s release, are found in BEA’s archives.

    Updates for the First Quarter of 2024

    For the first quarter of 2024, real GDP is now estimated to have increased 1.6 percent (table 1), an upward revision of 0.2 percentage point from the previously published estimate, primarily reflecting an upward revision to consumer spending that was partly offset by downward revisions to private inventory investment and residential fixed investment.

    The price index for gross domestic purchases is now estimated to have increased 3.0 percent, a downward revision of 0.1 percentage point. The PCE price index increased 3.4 percent, the same as previously published. Excluding food and energy, the PCE price index increased 3.7 percent, the same as previously published.

      First Quarter 2024
    Previous Estimate Revised
    (Percent change from preceding quarter)
    Real GDP 1.4 1.6
    Current-dollar GDP 4.5 4.7
    Real GDI 1.3 3.0
    Average of Real GDP and Real GDI 1.4 2.3
    Gross domestic purchases price index 3.1 3.0
    PCE price index 3.4 3.4
    PCE price index excluding food and energy 3.7 3.7

    Personal Income

    Current-dollar personal income is now estimated to have increased $536.4 billion in the first quarter, an upward revision of $139.6 billion from the previous estimate. The revision primarily reflected an upward revision to compensation (led by private wages and salaries) (table 8).

    Disposable personal income increased $465.1 billion, or 9.2 percent, in the first quarter, an upward revision of $224.9 billion from the previous estimate. Real disposable personal income increased 5.6 percent, an upward revision of 4.3 percentage points.

    Personal saving was $1.15 trillion in the first quarter, an upward revision in change of $188.3 billion. The personal saving rate—personal saving as a percentage of disposable personal income—was 5.4 percent (revised) in the first quarter.

    Gross Domestic Income and Corporate Profits

    Real GDI is now estimated to have increased 3.0 percent in the first quarter (table 1); in the previously published estimates, first-quarter GDI was estimated to have increased 1.3 percent. The leading contributor to the upward revision was compensation, based primarily on new first-quarter wage and salary estimates from the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages. The average of real GDP and real GDI is now estimated to have increased 2.3 percent in the first quarter; in the previously published estimates, the average of GDP and GDI was estimated to have increased 1.4 percent.

    Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) is now estimated to have decreased $65.1 billion in the first quarter, a downward revison of $18.0 billion (table 10).

    Profits of domestic financial corporations increased $57.4 billion, a downward revision of $7.6 billion. Profits of domestic nonfinancial corporations decreased $124.9 billion, a downward revision of $10.4 billion. Rest-of-the-world profits increased $2.3 billion, the same as previously estimated. In the first quarter, receipts are now estimated to have increased $25.7 billion, and payments are estimated to have increased $23.4 billion.

    GDP by Industry

    In the first quarter, real value added for private goods-producing industries is now estimated to have decreased 2.6 percent, a downward revision of 1.5 percentage points. Private services-producing industries increased 2.6 percent, an upward revision of 0.7 percentage point. Government increased 1.9 percent, a downward revision of 0.4 percentage point.

    Real gross output is now estimated to have increased 2.8 percent, an upward revision of 0.3 percentage point. Private goods-producing industries increased 1.6 percent, an upward revision of 0.4 percentage point. Private services-producting industries increased 3.3 percent, an upward revision of 0.2 percentage point. Government increased 2.3 percent, an upward revision of 0.6 percentage point.

    *          *          *

    Next release, October 30, 2024, at 8:30 a.m. EDT
    Gross Domestic Product, Third Quarter 2024 (Advance Estimate)

    *          *          *

    MIL OSI USA News –

    January 22, 2025
  • MIL-OSI USA: Barre Disaster Recovery Center to Close September 28

    Source: US Federal Emergency Management Agency

    Headline: Barre Disaster Recovery Center to Close September 28

    Barre Disaster Recovery Center to Close September 28

    Williston, Vt. – In coordination with state and local partners, we will be permanently closing the Disaster Recovery Center in Barre at 6 p.m. on Saturday, September 28, 2024. 

    The center is currently open 9 a.m. to 6 p.m. Monday through Saturdays at:

    Barre Municipal Auditorium

    20 Auditorium Hill

    Barre, Vermont 05641

    The adjustment of hours for these temporary centers is coordinated with state and local partners generally based on the volume of visitors and needs of the community. 

    Vermonters can visit Disaster Recovery Centers to get in-person help regarding disaster assistance. Specialists from FEMA and the U.S. Small Business Administration are available to help upload documents, answer questions and guide you through the appeals process.

    Four other Disaster Recovery Centers will remain open Monday to Saturday from 9 a.m. to 6 p.m. until further notice. These centers are located at:

    • Brighton Town Hall Gym – 49 Mill Street, Island Pond, VT 05846
    • Lyndon Public Safety Facility – 316 Main Street, Lyndonville, VT 05851
    • Waterbury Armory – 294 Armory Drive, Waterbury, VT 05676
    • Hinesburg Town Hall – 10632 Route 116, Hinesburg, VT 05461

    There are three other ways to apply that don’t require visiting a center:

    For information about other Disaster Recovery Center that are currently open, please visit fema.gov/drc.

    To watch a video about how to apply, featuring American Sign Language, visit FEMA Accessible: Registering for Individual Assistance (youtube.com).

    For the latest information visit 4810 | FEMA.gov. Follow FEMA on X at https://x.com/femaregion1 and at facebook.com/fema.

    Billy.domrose
    Thu, 09/26/2024 – 12:07

    MIL OSI USA News –

    January 22, 2025
  • MIL-OSI: Bitwave Expands Account-Level Tracking, Enables Enterprise Compliance Before IRS Deadline

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitwave, the leading enterprise finance platform for digital assets, is excited to announce an important platform update, expanding its powerful segregated inventory tracking capability to all customers as part of the core service offering.

    With this update, every Bitwave customer can now benefit from account-specific cost basis tracking, ensuring compliance with the latest IRS rules without any added cost or system changes.

    With the release of final IRS regulations (T.D. 10000), the long-standing “universal wallet accounting” standard will sunset, significantly shifting how many businesses manage and report digital assets across multiple self-custody wallets and addresses. Starting Jan 1, 2025, the cost basis of digital assets must be individually tracked for each account (like a wallet or exchange).

    Bitwave’s account-level cost basis tracking function has long been an essential part of the platform for businesses managing digital assets. Previously available as part of the Bitwave Advanced Accounting module, this powerful feature is now included in the Bitwave Core offering for all customers.

    “At Bitwave, we’ve always prioritized giving our customers the tools they need to stay ahead of regulatory changes,” said Bitwave CEO and Co-Founder Pat White.

    “Our account-level tracking feature has been a key part of our platform for years, and we’re excited to make this functionality available to all customers to make compliance simple and secure.”

    Key benefits of the product change include:

    • Seamless Compliance: Businesses can now track cost basis by individual wallet, ensuring full compliance with the IRS’s new digital asset reporting regulations.
    • Feature Now Available to All: Wallet-by-wallet tracking, which has always been a part of the Bitwave platform, is now included in the Bitwave Core service, giving all customers access to this critical functionality.
    • Effortless Implementation: Existing Bitwave users can immediately take advantage of this feature, ensuring compliance with no additional costs or system upgrades.

    As regulatory guidance for digital assets evolves, Bitwave remains at the forefront with innovative tools that enable businesses to operate with confidence.

    This latest update demonstrates Bitwave’s commitment to empowering its customers with cutting-edge solutions for digital asset tax tracking, accounting, and regulatory compliance.

    About Bitwave

    Bitwave is the #1 digital asset sub-ledger and on-chain finance platform. Built for enterprises and institutions, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams.

    Bitwave automates on-chain accounting workflows, streamlines regulatory compliance, and simplifies tax reporting complexity with a comprehensive, audit-ready platform. Trusted by Fortune 100 companies and pioneering crypto-native projects alike, Bitwave enables the digital asset economy with scalable financial operations.

    For more information, visit bitwave.io.

    Contact

    Kaleb Leija
    Director of Marketing
    Bitwave
    kaleb.leija@bitwave.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e84a9a4b-4c9e-42c1-80de-6c8d22bbb4ef

    The MIL Network –

    January 22, 2025
  • MIL-OSI: NANO Nuclear Energy Inc. Executives to Present at the ArcStone – Kingswood Growth Summit 2024

    Source: GlobeNewswire (MIL-OSI)

    Senior Company leaders will participate in a panel discussion highlighting the energy transition on September 26th, 2024.

    New York, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” of “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced that several senior executives will participate in a panel discussion at the ArcStone-Kingswood Growth Summit 2024, taking place in Toronto Canada on September 26, 2024.

    The ArcStone-Kingswood Growth Summit 2024 will offer exclusive access to insightful sessions and expert-led panels on listing and cross-listing companies. Investors will have the opportunity to engage with executive management from both private and public companies across a range of high-growth sectors, including Technology, Artificial Intelligence, Energy, and more.

    NANO Nuclear will take part in a panel discussion titled “Traditional Energy & Energy Transition” on September 26th. This session will be moderated by Jack Bensimon, Managing Partner, ArcStone Securities and Investments Corp.

    “It is a pleasure for us to participate in this cross border growth summit,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “We are passionate in our mission to revolutionize the way industries around the world utilize nuclear energy. The Growth Summit in Toronto will continue our international reach, as well as discuss how advanced nuclear solutions can reshape the energy landscape in Canada. I am delighted to attend and look forward to our panel discussion, which will be an informative and exciting feature of the day.”

    Figure 1 – NANO Nuclear Energy Inc. to Participate in an ArcStone-Kingswood Growth Summit 2024 Panel Discussion Titled “Traditional Energy & Energy Transition.”

    The event will showcase over 30 public and private companies from around the world, with more than 400 institutional investors, family offices, retail wealth advisors, high net worth individuals, and industry professionals expected to attend. The conference will include corporate presentations, panel discussions, one-on-one investor meetings, cocktail receptions, and an invitation-only VIP dinner, bridging the gap between Canadian and U.S. capital markets, and offering a platform for companies to highlight their growth potential and connect with key investors.

    “I am delighted to see NANO Nuclear take part in this year’s ArcStone – Kingswood Growth Summit,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “NANO Nuclear is dedicated to innovation, like our proprietary microreactors and ancillary business lines, for the wider nuclear energy industry. Events like this are essential, as they provide a platform for business leaders and stakeholders to collaborate on addressing the challenges of today and planning for tomorrow.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206
    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy TWITTER

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and the NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at http://www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

    January 22, 2025
  • MIL-OSI: Bitdeer Completes Testing of its Latest SEAL02 Bitcoin Mining Chip

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the successful testing of its latest Bitcoin mining chip, SEAL02, following tape-out.

    SEAL02 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. An exceptional power efficiency ratio of 13.5 J/TH – while running at low voltage, ultra power-saving mode – was indicated in SEAL02 chip’s verification and prototype tests, achieving the power efficiency milestone outlined in the SEALMINER technology roadmap announced in June 2024.

    Linghui Kong, Chief Business Officer of Bitdeer, commented, “We are thrilled about achieving SEALMINER’s power efficiency target as reflected in our roadmap. Our ongoing commitment to R&D is making possible innovative and superior solutions that will set new benchmarks for efficiency and transparency to benefit the wider mining ecosystem.”

    SEAL02 will be integrated into the Company’s upcoming SEALMINER A2 mining machines, with mass production scheduled to commence in November 2024.

    Additionally, R&D work on the Company’s upcoming chip, SEAL03, is ongoing and the Company’s product release milestone is on track.

    Bitdeer has a full-fledged team of professional engineers dedicated to R&D across key domains, including ASIC design, algorithm development, platform architecture, software and hardware. The Company will continue to work alongside its customers in contributing to the security of the Bitcoin decentralized network.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

    Contact:

    Public Relations
    Wachsman
    Bee Shin
    bitdeer@wachsman.com

    The MIL Network –

    January 22, 2025
  • MIL-OSI Translation: 26/09/2024 Solutions for entrepreneurs affected by floods

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Each taxpayer affected by the flood may apply in the manner provided for in the Tax Ordinance for the cancellation of tax liabilities. Entrepreneurs affected by the flood may take advantage of extended deadlines for payment of IVA, PIT and CIT taxes. Victims have extended deadlines for submitting JPK_VAT, summary information, the vast majority of VAT returns. A 0% VAT rate applies to donations of goods and services provided in connection with assistance to flood victims, the same rate applies to donations of building materials for the reconstruction or renovation of flood-damaged properties. We enable the use of additional tax reliefs. Injured entrepreneurs will receive a refund of the costs of purchasing cash registers up to PLN 2,000. A special hotline is operating for flood victims. The Ministry of Finance has prepared regulations that contain a number of solutions intended for victims of the September flood. In the scope not covered by the regulation, each taxpayer affected by the flood may apply in the manner provided for in the Tax Ordinance for the cancellation of tax liabilities. We are extending tax payment deadlines Entrepreneurs affected by the flood have extended tax payment deadlines for IVA, PIT and CIT. In the case of VAT, the deferral of tax payment is valid until 25 January 2025. In the scope of PIT and CIT, the deferral applies to tax advances and taxes due for August-December 2024. Entrepreneurs will settle the tax only in their annual tax return. A similar solution will apply to the flat-rate tax on recorded revenues, the so-called minimum tax on buildings and those CIT taxpayers whose tax year is different than the calendar year. The postponement also applies to the tax paid to the tax office for employees of affected companies. The above solutions apply to taxpayers and payers affected by the flood, having a place of residence or registered office or management board, respectively, and conducting business in the areas of municipalities covered by the state of natural disaster. At the same time, we are postponing the deadlines for submitting monthly and quarterly VAT declarations, summary information and JPK-VAT until November 25, 2024 (this applies to those declarations and information whose deadlines for submission fall in the period from September to October 2024). Additional tax reliefs In the event of transferring ownership of fixed assets to affected entrepreneurs free of charge or financing their purchase, entrepreneurs have the option of including depreciation write-offs in the costs of obtaining income until the end of the next calendar year. Entrepreneurs lending fixed assets to affected persons have the option of continuing depreciation write-offs and including them in the costs of obtaining income revenues.These reliefs are valid until the end of the next calendar year, subject to the second (applies throughout the entire depreciation period).In terms of stamp duty, exemption from official acts, issuing certificates or permits, submitting a power of attorney, proxy, its extract, extract, copy in matters related to the removal of the effects of flooding – submitted/issued on July 15, 2025.IVA 0% en donationsThe 0% IVA rate is applied to donations of all kinds of goods, e.g. food, blankets, sleeping bags, clothes, but also free services, such as accommodation or rental of power generators, which may be necessary to mitigate the effects of the disaster.The solution can be used by entrepreneurs making donations for purposes related to helping flood victims. It concerns support implemented through entities, usually public benefit organizations, local government units, medical entities and the Government Agency for Strategic Reserves. The 0% rate may be applied to donations made from September 12 to December 31, 2024. Details in the announcement. IVA 0% for donations of building materials for flood victims From September 24, 2024, a regulation has been in force allowing the application of a 0% VAT rate for donations of building materials transferred to victims whose real estate was destroyed as a result of the September cataclysm. The 0% rate applies to donations of such materials transferred directly to: natural persons, entities conducting activities: education, cultural, in the field of health care, social care, care for children, youth and the elderly, in the field of collective accommodation of pupils and students,

    whose properties are located in the municipalities affected by the disaster and who have the formal right to dispose of these properties. The 0% rate may be applied to donations of building materials made from the date of entry into force of the regulation, i.e. September 24, 2024, March 31, 2025. The aim of the solution is to facilitate the reconstruction or renovation of buildings and structures destroyed by the flood, and thus a faster return to normal life for residents of the area affected by the disaster. Details in the announcement. Reimbursement of the costs of purchasing a cash register In response to the demands of entrepreneurs from areas affected by the flood, the Ministry of Finance is introducing a refund of the costs of purchasing cash registers up to PLN 2,000. This solution applies to entrepreneurs who lost their cash registers as a result of the flood, who have a place of residence or registered office or management board, respectively, and who conduct business in the areas of municipalities affected by the natural disaster. Additionally, producer and importer of cash registers associated with the National Chamber of Commerce for Electronics and Telecommunications (KIGEiT) declared their assistance to entrepreneurs in carrying out tests of cash registers that were damaged in the flood, as well as a special offer for entrepreneurs who lost their cash registers as a result of the flood. Helpline and taxpayer service points There is a special helpline that taxpayers affected by the flood can call. The helpline is open on weekdays from 8:00 a.m. to 4:00 p.m. From 8:00 to 18:00, phone number 22 460 59 30. Tax authorities will consider applications from flood victims first, and certificates for affected taxpayers (on income, revenue, no arrears) will be processed “on the spot”, both submitted directly to tax offices or electronically. In tax offices where direct service is not possible, taxpayers are served via remote channels. Affected taxpayers can submit applications at any nearest tax office. To facilitate and speed up assistance to victims, temporary taxpayer service points may be created, depending on the needs.

    MILES AXIS

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

    MIL Translation OSI

    January 22, 2025
  • MIL-OSI United Kingdom: Architectural competition winner crowned for Wolverhampton’s St George’s neighbourhood

    Source: City of Wolverhampton

    This summer saw City of Wolverhampton Council join forces with social impact developer Capital&Centric and the Royal Institute of British Architects (RIBA) to challenge competing teams of renowned architects to put forward their ideas to turn the 5 acre former Sainsbury’s site and historic St George’s Church into a new neighbourhood for the city.

    The team made up of Mikhail Riches and Periscope practices has been crowned the winner.

    Locals flocked to a Dragon’s Den style public consultation event at the University of Wolverhampton at The Halls in July, where each of the 4 teams (made up of 12 collaborating architect practices) pitched their ideas, with people able to give their opinions on their favourite. The competition was overseen by Angela Brady, a former RIBA President.  

    Angela Brady OBE said: “This was a fantastic opportunity for architects to be in competition together, working as a team with other architects to reinvent this disused part of Wolverhampton. All teams came up with vibrant ideas, which made it really hard to pick a winner. 

    “The Mikhail Riches and Periscope team had the edge with their vision, particularly with its retrofitting of the Sainsbury’s building in such an imaginative way. Also the 3 distinct zones they pitched could really create a great future for the area. 

    “This sort of collaboration between Council, developer, RIBA competitions office and architects I think allows a more joined up end result and is a model that other areas should follow.”

    The winning submission proposed a vibrant and varied neighbourhood of sustainable new homes, as well as lush outdoors spaces; boulevards and green streets; shops, cafes and bars; and community spaces.

    They proposed to retain and repurpose parts of the former Sainsbury’s building – in turn saving embodied carbon. The practices have also put the St George’s Church at the heart of the community, surrounding it with new public squares for pop up cultural events, intimate courtyards and social spaces for people to come together.

    The winning design will form the basis of the evolving St George’s masterplan, with a pre planning application submission to follow later this year.

    The announcement comes as part of Wolverhampton’s annual Business Week, that this year explores the power to boost economic growth through housing. St George’s also features as one of the major opportunities in the council’s Wolverhampton Investment Prospectus.

    Councillor Chris Burden, City of Wolverhampton Council Cabinet Member for City Development, Jobs and Skills, said: “St George’s is a fantastic opportunity to create a game changing neighbourhood of which the city can be proud. It’s a critical part of our citywide plan to unlock investment in considered development that delivers much needed homes and new opportunities for our communities.

    “The architects teams all produced outstanding design proposals and we are relishing the opportunity to work with the winners, Mikhail Riches and Periscope, to further develop their ideas.

    “It is fitting that this news comes during Wolverhampton’s Business Week, with its flagship event, the Business Breakfast, focusing on economic growth through housing, and we believe St George’s provides the opportunity to set a new design benchmark for brownfield regeneration in the city.”

    Developers Capital&Centric are leading delivery of the St George’s site, drawing on their experience of repurposing historic spaces and building standout new neighbourhoods across the UK, all with an acute focus on social impact. With a competition winner now selected, their next step will be to draw up more detailed designs.

    John Moffat, joint managing director at Capital&Centric, said: “From start to finish the St George’s architectural competition has been inspiring, from the variety of designs the architect teams put forward, to the people that came out to have their say on the options. The decision was a tough one, but the design by Mikhail Riches and Periscope is a deserved winner. 

    “St George’s is a standout opportunity to take a redundant city site and turn it into something special for the community – retaining some of the existing buildings whilst creating interesting and welcoming new spaces where people want to spend time. We’ll be spending the next few weeks looking over the winning design with the team of architects and the council to fine tune the plans, so it’s primed for us to submit a phenomenal pre-planning application submission.”

    MIL OSI United Kingdom –

    January 22, 2025
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