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Category: CTF

  • MIL-OSI Australia: Press conference, Beijing

    Source: Australian Treasurer

    JIM CHALMERS:

    Yesterday afternoon and into last evening I co‑chaired with Chairman Zheng Shanjie, the Chairman of the National Development and Reform Commission (NDRC), the first Strategic Economic Dialogue in 7 years.

    These were frank and fruitful discussions between myself and the Chairman of the NDRC. The discussions ran for more than 3 hours. They ran over time. We are very grateful for the time that the Chairman was able to give us at a time when there’s a lot going on here in China, and I wanted to talk about that a bit as well.

    These were the first meetings by an Australian Treasurer here in 7 years. It’s another really important part of our efforts as a government to stabilise this really key economic relationship in the interests of our people.

    This economic relationship is full of complexity and full of opportunity, and we believe we give ourselves the best chance to manage and maximise those complexities and those opportunities when we engage in a meaningful way, as we have been doing over the course of the last couple of days.

    Obviously Australia and China – we have our differences. But we have agreed to work together where we can when it comes to really important areas like trade and investment, decarbonisation of our industries and business engagement as well.

    I’m really pleased that we agreed yesterday that we would conduct these Strategic Economic Dialogues annually, and the next one will be in Australia next year.

    We were able to have advanced discussions, frank and fruitful, productive and practical discussions, about the key issues confronting both of our economies and the global economy more broadly as well.

    There couldn’t have been a more important time to be engaging with Chinese counterparts than right now. We saw the announcements made earlier in the week and more signalled yesterday by senior policymakers here in China.

    I want to make it really clear – we welcome efforts to boost growth in the Chinese economy. We are very pleased to see these additional steps being signalled by the Chinese government in order to boost economic activity and boost growth here in China.

    China is Australia’s biggest partner. We have a lot at stake and a lot to gain when it comes to this key economic relationship. If you look at the Treasury forecasts for growth in the Chinese economy, if they eventuate, those 3 years of forecasts, that would be the weakest period of growth here in China since the opening up in the late 1970s. What happens here and what is decided here has big consequences for our own economy, our own workers, businesses, investors and for our country more broadly.

    We do have a lot at stake, and we do have a lot to gain when it comes to the engagement and the stabilisation of the relationship with China as well. We know that a more stable relationship is good for Australia, and that’s why I’m here. It’s as simple as that. That’s also why I consulted with the Chairs and CEOs and senior executives of around 15 different very major China‑facing Australian businesses, because we do know just how important it is that we get this right.

    Growth in the Chinese economy has been a key contributor to weakness in the global economy. When the Chinese economy is soft, we’re not immune from that. We understand that. That’s an important reason for the timing of this visit being so crucial.

    Shortly I’ll be meeting with the Chairman of the Chinese Securities Commission as well, Wu Qing, and I will get from him some further insights about the performance of the Chinese economy, particularly the financial conditions here. That will also be another opportunity to talk about the measures announced and signalled through the course of this week.

    I was very grateful to Chairman Zheng last night for the opportunity formally in the dialogue and then informally at the dinner to canvass some of the contexts for the decisions that have been taken, announced or signalled in the course of this week. The NDRC is really going to be one of the most important institutions when it comes to rolling out this support for the Chinese economy at a really important time.

    It was crucial that we restart these discussions, the Strategic Economic Dialogue. It’s a very good outcome for Australia that we will be hosting counterparts next year to continue to advance these discussions on areas like trade and investment, decarbonisation of our industries and business engagement. I’m looking forward to hosting colleagues and counterparts next year in Australia.

    So very valuable and well‑timed discussions. Very practical, very productive. I’m grateful for the generosity of our Chinese host as we canvass some of these really important issues.

    I’m happy to take some of your questions.

    JOURNALIST:

    Treasurer, as you say, you couldn’t have got luckier with the timing. How convinced are you by the extent of the stimulus measures announced by the Chinese this week?

    CHALMERS:

    Clearly some of the detail of these measures is still to come and subject to those details we think this is a really welcome development, a very welcome development here in China but also for the global economy, and especially for our own economy.

    We are very pleased to see the Chinese authorities announce or signal the sorts of steps that we have been hearing about this week publicly and also in our private discussions with our counterparts.

    This can only be a good thing for Australia, subject to those details, because we know that weakness in the Chinese economy does flow through to our own economic conditions. Some of the key reasons why our own economy is slowing considerably are global economic uncertainty, of which China is a part, combined with inflationary pressures at home and the impact of higher interest rates – those 3 things are combining to slow our own economy considerably.

    When steps are taken here to boost economic activity and to boost growth for the Chinese economy, subject to the details that will be released in good time, we see that as a very, very good development for Australia.

    JOURNALIST:

    But do you think they’ll work?

    CHALMERS:

    It remains to be seen. But we’ve seen on earlier occasions when the authorities here, the administration here, steps in to support activity in the economy that is typically a good thing for Australia – good for our businesses and workers, our industries, our investors, and good for the global economy as well.

    Like a lot of people around the world, we have been concerned about the softer conditions here in the Chinese economy. Subject to the details that will be made public in good time, any efforts to boost growth and support activity here is a welcome one around the world and especially at home in Australia.

    JOURNALIST:

    Can you talk us through some of the specific impacts that happens in Australia, the flow‑on effects, when you have an annual growth figure here in China that is below that 5 per cent target?

    CHALMERS:

    We see that across a range of different indicators, but the easiest to understand is the demand for and the price that we’re getting for some of our bulk commodities. One of the reasons why I consulted with BHP and Rio and Fortescue and Woodside and others before I came here to China is to understand the implications for our exports of a softer Chinese economy.

    We’ve seen the iron ore price, for example, is really quite low by recent historical standards. I think it’s down about 40 per cent since the start of the year. Similarly, when it comes to thermal coal. That has implications for us. It has implications for the Budget but, more importantly, it has implications for the economy. Even if in the course of this week we’ve seen a minor correction, a minor improvement, in the prices we get for some of our bulk commodities. That’s obviously a good thing when it comes to our major exporters.

    But more broadly, softness here has implications for growth in the global economy. We’ve even seen in the last 24 hours or so our own Reserve Bank putting out its financial stability analysis and has talked about the consequences of weaker Chinese growth for the global economy. We’re not immune from that, really, right across the board. But the easiest way to understand it is when it comes to the impact on our exporters.

    JOURNALIST:

    Treasurer, there’s been a lot happening in Beijing on the economic front. There’s also been lot going on on the military front. There was the first intercontinental ballistic missile shot in more than 4 decades a few days ago, and on Wednesday before you arrived Australia, Japan and New Zealand sailed their navy vessels through the Taiwan Strait. We’ve also had all 3 of China’s aircraft carriers for the first time operating on [inaudible].

    Can I get a direct comment on the ballistic missile [inaudible] and a comment on Australia’s freedom of navigation operation? And then maybe just talk to us about how you reconcile, obviously, the economic relationship is so important, but there’s other things going on as well, just talk to us about you reconcile that, thanks very much for that.

    CHALMERS:

    Thanks very much for that, Will.

    Australia, like other countries in our region and around the world, has a lot at stake when it comes to a stable, secure, peaceful and prosperous region. It’s not unusual for navies to conduct the kind of exercises that you’re describing in the Taiwan Strait. These are routine activities, and they’re conducted in accordance with international law. That wasn’t part of our discussions yesterday.

    In terms of the other parts of your question, I was able to reiterate in the meetings yesterday afternoon our expectations of safe and professional conduct of all militaries operating in our region. Obviously I’m aware of the reports about the testing and other reports that you refer to in your question, and I was able to raise that in the conversation yesterday afternoon. But as you would expect, the overwhelming focus of our discussions here has been the economy.

    JOURNALIST:

    So in your discussions yesterday about the stimulus measures, was there any discussion about whether these plans are aimed at very short term now or whether this was medium term? [Inaudible] And also, how do you see [inaudible]? Is this actually going to supercharge Chinese national output and Chinese exports? [Inaudible]

    CHALMERS:

    In reverse order, I was able to talk about the importance of safeguarding the global rules‑based system of open trade in the context of some of the issues you raise in your question and the free and fair and open markets that have served the global economy and our economy so well for so long.

    When it comes to the urgency or otherwise of steps that have been flagged to boost growth here, I don’t want to go too deep into the informal conversations that we had about some elements of that, but it was a feature of our discussions.

    This balance that we’re all trying to strike between doing what is necessary in the near term – whether it’s here supporting growth, in Australia, a primary focus on inflation on the cost of living without ignoring the risks to growth – balancing those near‑term considerations with what we need to do to set ourselves up for another generation of growth and prosperity.

    The discussions were about those steps flagged and announced throughout the course of the week. Some elements of that will have some urgency associated with it. But the government here wants to make sure that anything that they’re doing in the near term also serves a useful longer term purpose. In that, we have a lot in common. In Australia fighting inflation without ignoring the risks to growth, budget repair but also investing in skills and housing and energy and in a Future Made in Australia – all that is about trying to recognise our near‑term pressures and our longer‑term opportunities, and that’s how my Chinese counterparts see it as well.

    JOURNALIST:

    [Inaudible] the US is [inaudible] some kind of [inaudible]. What will Australia be doing about that? And did your Chinese counterpart raise that in his [inaudible]?

    CHALMERS:

    My colleague the Energy Minister has made it clear that we don’t intend to ban imports of EVs from any particular country.

    We will continue to discuss with American counterparts the steps that they’ve announced and the steps that they’re taking when it comes to EVs. But we will take our own advice when it comes to the best way to manage and maximise that really important market for EVs.

    These sorts of issues came up in the broad in the discussions yesterday afternoon. We know that this is an issue of concern to our Chinese counterparts. But from our point of view, when it came to technology and innovation and the net zero transformation, our highest priority and our focus in the discussions was on other areas, including the decarbonisation of steel, for example, trying to maximise the chances that we have working together when it comes to our iron ore and their steel production. We both have an interest in greener steel production, and so that was a bigger part of the conversation than some of these other issues around EVs and other technology.

    JOURNALIST:

    Treasurer, I’m sure Australian lobster farmers would be very interested to know whether you raised their concerns yesterday. Are you any closer to knowing when the ban will be lifted? Will it be this year?

    CHALMERS:

    I did raise it last night and yesterday afternoon. We’re seeking a speedy resolution of the restrictions on lobster.

    We’ve made really quite encouraging progress, engaging with Chinese counterparts, to see something like 20 of the $21 billion in trade restrictions lifted. That’s good for our workers and our businesses, our exporters and our investors. I wanted to pay tribute there to the efforts of our people here in China led so capably by our Ambassador, but also Ministers Wong and Farrell and the Prime Minister.

    This is a very tangible way that we have seen progress made as a consequence of our effort to stabilise the relationship. There is more trade of more goods than when we came to office because of those efforts.

    Obviously we’re aware we have a little ways to go yet, particularly when it comes to lobster. I did raise that. We are seeking the speedy resolution of those issues. We know that teams on both sides are discussing the issue of lobster in particular, trying to get to a resolution on that. We’d like to see that before long.

    JOURNALIST:

    What’s the hiccup?

    CHALMERS:

    As I understand it, there are still a couple of technical issues being worked on between our agriculture and trade departments and administrations. We knew that coming here.

    I intended to raise it here and I have. We do want to see a speedy resolution, but we know that there’s a little bit more work to do. But ideally, hopefully, we will see our wonderful Australian lobster gracing the tables of Chinese homes and restaurants as soon as possible.

    JOURNALIST:

    The Chinese delegation was seeking reassurances around Chinese investment in Australia. Did they raise anything specific [inaudible]?

    CHALMERS:

    I really welcomed the opportunity to convey to Chairman Zheng and to his colleagues the same thing which I have said publicly, and I mean it.

    Our foreign investment regime does not target any one country. Ours is a non‑discriminatory regime, which is about managing risks in foreign investment. It’s about strengthening the foreign investment regime and streamlining it where we can to manage the economic and security risks which are sometimes part of foreign investment proposals. That doesn’t single any one country out. It is just a sensible, considered, commonsense way to manage foreign investment in Australia.

    Foreign investment in Australia is welcome. We support overwhelmingly most of the applications that are made to us. Where a proposal is rejected it hasn’t all been from one country. It hasn’t all been from here.

    I really did genuinely welcome the opportunity to step the Chairman through that. We agreed to have more discussions about some of those issues. Wherever we can provide more clarity on these sorts of issues we welcome the chance to do that.

    JOURNALIST:

    What did they say about critical minerals? Because obviously some of those investors have been in that industry. It’s something the Chinese dominate in, and we have seen the announcement earlier this week of the co‑financing agreement between Australia and the US and other countries. So were they concerned about these efforts to diversify supply chains in critical minerals?

    CHALMERS:

    There’s a recognition that every country manages its economic and national security interests in a way that’s appropriate for them.

    Every country has some system or set of arrangements to screen investment, and countries make agreements with each other about key supply chains like this one.

    We think that critical minerals are the opportunity of the century for Australia. I am a huge supporter of the Australian critical minerals industry. But our efforts there aren’t about protecting. They’re about engaging with the world, providing wonderful critical – Australian critical minerals – to markets around the world. Obviously not just with our Chinese counterparts but right around the world there’s a lot of interest in Australian critical minerals, and that’s for good reason.

    JOURNALIST:

    Do you see the Chinese overcapacity in thins like rare earths as being a threat to Australia’s industries? Australia’s paying billions of dollar to companies like Arafura to develop the industry and yet Chinese exports are growing and prices are falling. Are those – firstly, are those investments by the Australian Government and those companies at risk, and, secondly, did you raise those issues with the Chinese?

    CHALMERS:

    We’ve been one of the world’s major beneficiaries of properly functioning global markets for resources and for other goods and services as well. The global economy has been a major beneficiary of that, and we’ve been a major beneficiary of that. We want to see it continue.

    Clearly, when it comes to some markets for some resources, we’ve seen some extraordinary volatility in some of those markets. I was able to reiterate with Chairman Zheng just how much we value the proper functioning of global rules‑based markets. I believe that it’s in everyone’s interests that see those markets function properly.

    JOURNALIST:

    Just following on on investment, [inaudible] Australia‑China Business Council Summit. There’s been a lot of confusion among Australian China facing businesses and Chinese businesses who want to operate in Australia, they heard the comments you repeated today about Australia not having – not targeting any one country. But then they say, well, look at the reality of it. They said they’re very confused about where they’re allowed or not. You have approved or allowed the investment of Rio and [inaudible] for that new iron ore project 2 years ago. Clearly Investment can be approved from China. Can you speak to the model? Is it that? Is it a 50–50 JV with an Australian partner? Is that what Chinese businesses should be coming to Australia with if they want success? Just speak to that a bit.

    CHALMERS:

    We approach each proposal on a case‑by‑case basis, and we’ve done our best to provide as much information and clarity and certainty about the sorts of things that we consider when we judge those applications on a case‑by‑case basis.

    We’ve made it very clear, for example, that we take a harder look where it applies to critical infrastructure, critical data, critical minerals. I think that’s understood. It’s certainly been clearly communicated by our government. But if there’s more information and more clarity that we can provide, I was able to convey to Chairman Zheng yesterday afternoon that we’re happy to try and provide that.

    We approve overwhelmingly the vast majority of proposals which come to us when it comes to foreign investment. Rejecting proposals is a very rare thing, and it isn’t just from one country. We run a genuinely non‑discriminatory Foreign Investment Review Board process. It is rightly robust. We want it to be robust, but we also want it to be clear and transparent, and if we can do more on that front, we will.

    JOURNALIST:

    Treasurer, you’re flying back into a really big storm over negative gearing. Did you ask Treasury to model reforms, and when will we get a definitive answer from the government about whether you will take a new policy to the election on negative gearing?

    CHALMERS:

    First of all, I hope I’m flying back into another Brisbane Lions premiership, but I’ll also be flying back into the opportunity to do a couple of things when I’m back.

    I’ll be releasing the Final Budget Outcome on Monday with Katy Gallagher, which will show a bigger second surplus than forecast in the Budget in May. There’ll be a number of opportunities to talk about this and these engagements here as well.

    When it comes to negative gearing changes, it is not unusual at all for governments or for treasurers to get advice on contentious issues which are in the public domain, including in the parliament. It is not unusual for treasurers to do that, but we have made it very clear through the course of this week that we have a broad and ambitious housing policy already and those changes aren’t part of it.

    JOURNALIST:

    So you’ll rule out any changes to negative gearing before the next election and during the next term?

    CHALMERS:

    We’ve made it really clear through the course of the week that our priority and our focus is on rolling out $32 billion worth of investment, because our highest priority and our biggest focus is supply. Whether it’s in Brisbane on Wednesday where I took a number of questions about this or throughout the course of the week when the Prime Minister was able to take a whole bunch of questions on this as well, we’ve made it clear. Our policy is to boost supply. Our policy is to invest $32 billion in that effort and these changes which we get advice on from time to time because they’re in the public domain or they’re in the Parliament, they’re not part of our policy.

    JOURNALIST:

    Is the Australian economy at risk of shrinking if Trump is elected in the US, given he’s flagged up to 60 per cent tariffs on all imports and overruling the Federal Reserve on interest rates [inaudible]?

    CHALMERS:

    As you’d appreciate, we don’t comment on the domestic political debate, especially from another country and especially in the most intense part of an American election campaign.

    We have shown a willingness and an ability across Australian Governments of both political persuasions to work with whoever the Americans choose as their President and the people that they elect to their representative bodies. We play the cards that we’re dealt when it comes to decisions taken appropriately by the American people.

    I share President Biden’s view that nobody has anything to gain from a trade war between the US and China. The policies being proposed by either side of politics in the US are a matter for them. Broadly and in principle I hold President Biden’s view – nobody has anything to gain from a trade war between this country and the US, least of all Australia.

    JOURNALIST:

    How much did the US election come up in your discussions yesterday?

    CHALMERS:

    I don’t think it came up at all. It may have come up informally, but I don’t believe so.

    Thanks very much.

    MIL OSI News –

  • MIL-OSI Russia: Happy World Tourism Day!

    MILES AXLE Translation. Region: Russian Federation –

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

    The history of World Tourism Day begins in 1925, when the International Congress of Official Tourism Organizations was created in The Hague, which is now called the World Tourism Organization (United Nations World Tourism Organization – UNWTO). It was this organization that established World Tourism Day in 1979, which has been celebrated in our country since 1983.

    The holiday is intended to draw attention to the possibilities of developing international cooperation in the field of travel. Currently, about 6% of the world’s gross national product comes from tourism, and the approximate number of tourist trips around the world reaches 1.3 billion.

    The State University of Management congratulates the Department of Management in International Business and Tourism Industry on the holiday. We wish the teachers talented students, the students – good studies, and the graduates – an interesting and eventful working life in the context of the active development of domestic tourism and the search for new destinations for foreign tours. To all other travel lovers – many unforgettable impressions and bright photos against the backdrop of the beauty of nature and architectural monuments.

    Subscribe to the TG channel “Our GUU” Date of publication: 09/27/2024

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

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

    Happy World Tourism Day!

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

    MIL OSI Russia News –

  • MIL-OSI: New final terms for Euro Medium Term Note Programme – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen

    27 September 2024

    Nykredit Realkredit A/S – New final terms for Euro Medium Term Note
    Programme

    Nykredit Realkredit A/S publishes final terms for an issue of EUR 500,000,000 3.500 per cent. Senior Non-Preferred Notes due 10 July 2031, which are issued pursuant to Nykredit Realkredit A/S’s €15,000,000,000 Euro Medium Term Note Programme dated 8 May 2024.

    The final terms dated 26 September 2024 and the Euro Medium Term Note Programme dated 8 May 2024 are available for download on Nykredit’s website at nykredit.com/ir.

    Enquiries may be addressed to Nykredit Realkredit A/S, Group Treasury, Nicolaj Legind Jensen, Head of Group Treasury, tel +45 44 55 11 10, or Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21.

    Attachment

    The MIL Network –

  • MIL-OSI Security: Singapore Holds Chief Pinning Ceremony, Sept. 27, 2024 [Image 11 of 13]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    240927-N-ED646-1075-SINGAPORE (Sept. 27, 2024) The Commander, Logistics Group Western Pacific (COMLOG WESTPAC/CTF 73) color guard detail parade the colors during a Chief Pinning Ceremony held at Sembawang Naval Installation (SNI) in Singapore. (U.S. Navy Photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 09.26.2024
    Date Posted: 09.27.2024 02:58
    Photo ID: 8664627
    VIRIN: 240927-N-ED646-1075
    Resolution: 6947×4631
    Size: 6.72 MB
    Location: SG
    Web Views: 2
    Downloads: 0

    PUBLIC DOMAIN  

    This work, Singapore Holds Chief Pinning Ceremony, Sept. 27, 2024 [Image 13 of 13], by PO2 Moises Sandoval, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

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  • MIL-OSI Security: Singapore Holds Chief Pinning Ceremony, Sept. 27, 2024 [Image 6 of 13]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    240927-N-ED646-1316-SINGAPORE (Sept. 27, 2024) The Singapore Chief Petty Officer Mess poses for a photo after a Chief Pinning Ceremony held at Sembawang Naval Installation (SNI) in Singapore. (U.S. Navy Photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 09.26.2024
    Date Posted: 09.27.2024 02:58
    Photo ID: 8664586
    VIRIN: 240927-N-ED646-1316
    Resolution: 7910×5273
    Size: 7.58 MB
    Location: SG
    Web Views: 1
    Downloads: 0

    PUBLIC DOMAIN  

    This work, Singapore Holds Chief Pinning Ceremony, Sept. 27, 2024 [Image 13 of 13], by PO2 Moises Sandoval, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

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  • MIL-OSI Translation: Public Warning: Primary Aromatic Amines in a Mömax Potato Masher

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Department of Foreign Affairs in French

    Federal Food Safety and Veterinary Office

    Bern, 27.09.2024 – The Federal Food Safety and Veterinary Office (FSVO) is warning against the potato masher of the “modern living” brand from Mömax due to excessive migration of certain chemical compounds called “primary aromatic amines”. Since a health risk cannot be ruled out, the FSVO recommends that the population not use this product. Mömax has immediately withdrawn the product from sale and ordered a recall.

    How can this product be dangerous?Primary aromatic amines (PAAs) are chemical compounds that are used, for example, in the manufacture of certain dyes. Some of them are considered carcinogenic. An analysis has found an excessive migration of PAAs from the above-mentioned kitchen utensil.

    Which product is affected?Article, brand: Classic potato masher, modern livingBatch number: 4JA99Points of sale: All Mömax subsidiaries

    What should affected consumers do?

    The FSVO recommends that the population does not use this product.

    Address for sending questions

    Consumers: Federal Food Safety and Veterinary Office FSVO Customer communication Tel. 41 58 463 30 33 info@blv.admin.ch

    Journalists: Federal Food Safety and Veterinary Office (FSVO) Media Service Tel. 41 58 463 78 98 media@blv.admin.ch

    Author

    Federal Food Safety and Veterinary Officehttp://www.blv.admin.ch

    Social sharing

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

    MIL Translation OSI

  • MIL-OSI Australia: 213-2024: Immediate changes to accepted Turkish testing providers for imported seed for sowing

    Source: Australia Government Statements – Agriculture

    27 September 2024

    Who does this notice affect?

    This notice affects importers of seed for sowing, all permit holders of seed for sowing, custom brokers and departmental staff.

    What has changed?

    Effective immediately, the department has suspended the acceptance of seed testing results issued by any laboratory in the Republic of Türkiye for any seed for sowing imports into Australia.

    Following a review, there have been concerns raised regarding the accuracy of…

    MIL OSI News –

  • MIL-OSI Asia-Pac: Special traffic arrangements for National Day Flag Raising Ceremony

    Source: Hong Kong Government special administrative region

        Police will implement special traffic arrangements to facilitate the holding of the National Day Flag Raising Ceremony on October 1 (Tuesday) in Wan Chai North, Central and Tin Hau.A. Road closure     The following roads will be closed, except for authorised vehicles:(I) From 00.01am on September 30 to 1pm on October 1:- Expo Drive;- Expo Drive Central;- Expo Drive East;- The slip road leading from Central – Wan Chai Bypass to Expo Drive; and- Eastbound Lung Wo Road between the Wan Chai portal of Central – Wan Chai Bypass and Fleming Road.(II) From 5.30am to 1pm on October 1:- Westbound Lung Wo Road between the Wan Chai portal of Central – Wan Chai Bypass and Fleming Road;- Lung Tat Path; and- Westbound Lung Wo Road between Lung Hop Street and Fleming Road.(III) From 6am to 8am on October 1:     Lung Wo Road between Edinburgh Place and Tim Wa Avenue.(IV) From 6.45am to 7.15 am on October 1:- Tung Lo Wan Road between Causeway Road and Lin Fa Kung Street West; and- Lai Yin Lane.B. Traffic diversions     In connection with the road closure as mentioned above, the following traffic diversions will be implemented:(I) From 00.01am on September 30 to 1pm on October 1:- Traffic along eastbound Lung Wo Road heading for Fleming Road and Hung Hing Road must turn right to southbound Lung Hop Street or enter eastbound Central – Wan Chai Bypass via eastbound Lung Wo Road for Island Eastern Corridor;- Traffic turning right from northbound Lung Hop Street can only enter eastbound Central – Wan Chai Bypass via eastbound Lung Wo Road; and- Traffic from Central heading for Wan Chai will be diverted via Man Po Street, eastbound Yiu Sing Street and eastbound Lung Wo Road.(II) From 5.30am to 1pm on October 1:     Traffic along westbound Hung Hing Road heading for westbound Lung Wo Road must turn left to southbound Fleming Road, via northbound Fleming Road, westbound Harbour Road, Fenwick Pier Street roundabout, westbound Fenwick Pier Street and northbound Lung Hop Street.(III) From 6am to 8am on October 1:- Traffic along eastbound Lung Wo Road will be diverted to southbound Edinburgh Place;- Traffic along westbound Lung Wo Road will be diverted to southbound Tim Wa Avenue;- Traffic along eastbound Harcourt Road cannot enter Tim Wa Avenue; and- Traffic along eastbound Tim Wa Avenue cannot make a U-turn to northbound Tim Wa Avenue.(IV) From 6.45am to 7.15 am on October 1:     Traffic along westbound King’s road will be diverted to westbound Causeway Road.C. Suspension of parking spaces and pick-up/drop-off areas     The metered parking spaces and pick-up/drop-off areas at Expo Drive, and the on-street parking spaces and pick-up/drop-off areas at Expo Drive East will be suspended from 00.01am on September 30 to 1pm on October 1.     All metered, motorcycle and disabled parking spaces on Tung Lo Wan Road between Causeway Road and Lin Fa Kung Street West will be suspended from 10pm on September 30 to 7.30am on October 1.     All vehicles parked illegally during the implementation of the above special traffic arrangements will be towed away without prior warning, and may be subject to multiple ticketing.       Actual implementation of traffic arrangements will be made depending on traffic and crowd conditions in the areas. Motorists are advised to exercise tolerance and patience and take heed of instructions of the Police on site.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: A ceremonial meeting of the Supervisory and Academic Councils of NSU was held, dedicated to the 65th anniversary of the university

    MILES AXLE Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    Yesterday, a ceremonial meeting of the Supervisory and Academic Councils of NSU was held at NSU, dedicated to the 65th anniversary of the university. At the beginning of the meeting, the Rector of NSU, Academician of the Russian Academy of Sciences Mikhail Fedoruk, made a report “Honor the past, live in the present, create the future.” He told about the history of the university, specifically focused on the principles on which the university was founded, emphasized that NSU was a development of the MIPT model, but at the same time it became a university of a new type.

    From the very beginning, Novosibirsk State University was conceived as a university for training scientific personnel for the Siberian Branch of the Academy of Sciences. Scientists from the institutes of the Siberian Branch of the Russian Academy of Sciences taught here, and students began working in laboratories and participating in scientific research early on. An individual approach to learning, involvement in real projects and research from the first years – these principles underlie the educational model of the university at the present time. Now high-tech companies and industrial partners have been added to the research institutes, with which NSU is actively building interaction. The university is developing its own scientific and technological agenda, working in such advanced areas as artificial intelligence, space instrumentation, medical technologies, new functional materials, etc.

    Over 65 years, the university has grown by an order of magnitude in terms of the number of students: from 1,966 in 1962 to 8,700 in 2024. The number of teachers has also increased significantly – from 203 in 1962 to 2,800 in 2024. Over 65 years, NSU has graduated more than 56,000 students.

    NSU maintains its leading positions in national and international rankings. Now the university acts as a center of attraction and a driver of development not only for Akademgorodok, but also for the Novosibirsk Region. NSU participates in all key federal development programs, such as “Priority 2030”, “Creation of a Network of Modern Campuses”, Advanced Engineering Schools, etc. The Research Center in the Field of Artificial Intelligence, the Mathematical Center in Akademgorodok, and the NTI Center for New Functional Materials operate on the basis of NSU.

    Governor of the Novosibirsk Region Andrey Travnikov, congratulating NSU, noted:

    — I would like to thank all previous generations of students, graduates, teachers, and staff for the foundation and authority that was created over the previous years. The University in Akademgorodok is well-known, celebrated, and attracts people. I would like to thank the current composition of the entire university community for developing this potential, for the fact that in the changed 21st century the university found itself, developed a new line, a new format, a new strategy, without losing the main essence for which it was created 65 years ago. We can say that history has made a turn, and today the university is again approaching the Phystech model, responding to the demand not only of academic institutes, but also of technology corporations, innovative enterprises, and trains specialists, both researchers and engineers, and innovative entrepreneurs. I wish the university to confidently move along the chosen path, to grow and develop, preserving its traditions and foundation.

    During the ceremonial meeting, honored representatives of the university’s faculty were presented with certificates of honor, letters of gratitude and letters of thanks from the Governor of the Novosibirsk Region, the Novosibirsk City Hall, the Ministry of Science and Higher Education of the Russian Federation, the Ministry of Science and Innovation Policy of the Novosibirsk Region and the administration of the Sovetsky District of Novosibirsk.

    Awards of the Governor of Novosibirsk Region:

    Honorary Diploma of the Governor of Novosibirsk Region:

    Svetlana Dmitrievna Myzina, professor of the Department of Molecular Biology and Biotechnology Faculty of Natural Sciences of NSU.

    Tatyana Yuryevna Cherkashina, Head of the Department of General Sociology Faculty of Economics, NSU.

    Gratitude from the Governor of Novosibirsk Region:

    Lev Borisovich Vertheim, Associate Professor of the Department of Geometry and Topology Faculty of Mechanics and Mathematics of NSU.

    Letter of thanks from the Governor of Novosibirsk Region:

    Panteleeva Elena Valerievna, Associate Professor of the Department of Organic Chemistry, Faculty of Natural Sciences, NSU.

    Awards of the Novosibirsk City Hall:

    Certificate of honor from the Novosibirsk City Hall:

    Emelianov Vyacheslav Alekseevich, Associate Professor of the Department of General Chemistry, Faculty of Natural Sciences, NSU.

    Zhivtsova Natalia Petrovna, Director of Organizational Development and Human Resources Management at NSU.

    Kiseleva Oksana Vladimirovna, Associate Professor of the Department of Personality Psychology Faculty of Medicine and Psychology V. Zelman NSU.

    Korovnikova Irina Kimovna, Head of the Laboratory of Organic Chemistry, Faculty of Natural Sciences, NSU.

    Lyakina Yana Sergeevna, senior lecturer of the Department of Clinical Psychology of the Faculty of Medicine and Psychology V. Zelman NSU.

    Mitko Oleg Andreevich, senior researcher at the Laboratory of Humanitarian Research at NSU.

    Nikolaev Konstantin Yuryevich, professor of the Department of Internal Medicine, Faculty of Medicine and Psychology V. Zelman NSU.

    Fedin Vladimir Petrovich, Head of the Department of Inorganic Chemistry, Faculty of Natural Sciences, NSU.

    Tsyplakov Dmitry Anatolyevich, Associate Professor of the Department of Philosophy Institute of Philosophy and Law of NSU.

    Chugunova Alesya Leonidovna, specialist in educational and methodological work, 1st category, educational and methodological department Faculty of Geology and Geophysics of NSU.

    Awards of the Ministry of Science and Higher Education of the Russian Federation:

    Medal “For Impeccable Work and Distinction”:

    Kostenko Tatyana Vladimirovna, Head of the Administrative and Economic Department of the Geological and Geophysical Faculty of NSU.

    Honorary title “Honorary Worker of the Russian Federation Education”:

    Bugaeva Svetlana Gennadievna, Associate Professor of the Department of Higher Mathematics Physics Department of NSU.

    Gusachenko Anna Mikhailovna, Associate Professor of the Department of Cytology and Genetics of the Faculty of Natural Sciences of NSU.

    Serbo Valery Georgievich, professor of the Department of Theoretical Physics, Faculty of Physics, NSU.

    Mandrik Tatyana Ivanovna, leading engineer of the physiology laboratory of the Department of Physiology of the Faculty of Natural Sciences of NSU.

    Awards of the Ministry of Science and Innovation Policy of the Novosibirsk Region The Minister of Science and Innovation Policy of the Novosibirsk Region is invited.

    Honorary Diploma of the Ministry of Science and Innovation Policy of the Novosibirsk Region:

    Nesterenko Tatyana Viktorovna, Senior Lecturer, Department of Informatics Systems Faculty of Information Technology NSU.

    Timofeeva Maria Kirillovna, professor of the Department of Fundamental and Applied Linguistics Humanitarian Institute of NSU.

    Tsybulya Sergey Vasilievich, Head of the Department of Physical Methods for Solid State Research, Faculty of Physics, NSU.

    Gratitude from the Ministry of Science and Innovation Policy of the Novosibirsk Region:

    Igolnikov Alexander Evgenievich, Associate Professor of the Department of Historical Geology and Paleontology of the Geological and Geophysical Faculty of NSU.

    Awards of the administration of the Soviet district of Novosibirsk:

    Honorary Diploma of the Administration of the Soviet District of Novosibirsk:

    Demakov Pavel Andreevich, assistant of the Department of General Chemistry of the Faculty of Natural Sciences of NSU.

    Ilyin Maxim Anatolyevich, Head of the Department of General Chemistry, Faculty of Natural Sciences, NSU.

    Kostin Gennady Aleksandrovich, Head of the Department of Analytical Chemistry, Faculty of Natural Sciences, NSU.

    Krasilova Elena Aleksandrovna, Head of the Department of Youth Policy and Educational Work at NSU.

    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.nsu.ru/n/media/nevs/education/a ceremonial-meeting of the-supervisory-and-scientific-councils-of-NSU-dedicated-to-the-65th anniversary/

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Alexander Novak met with the Minister of Mines and Hydrocarbons of Equatorial Guinea Antonio Oburu Ondo

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Alexander Novak met with the Minister of Mines and Hydrocarbons of Equatorial Guinea Antonio Oburu Ondo

    September 27, 2024

    Alexander Novak met with the Minister of Mines and Hydrocarbons of Equatorial Guinea Antonio Oburu Ondo

    September 27, 2024

    Minister of Mines and Hydrocarbons of Equatorial Guinea Antonio Oburu Ondo at a meeting with Alexander Novak

    September 27, 2024

    Previous news Next news

    Alexander Novak met with the Minister of Mines and Hydrocarbons of Equatorial Guinea Antonio Oburu Ondo

    Alexander Novak held a meeting with the Minister of Mining and Hydrocarbons of Equatorial Guinea Antonio Oburu Ondo on the sidelines of the international forum “Russian Energy Week”. The meeting was also attended by the Minister of Energy of Russia Sergey Tsivilev.

    “Russia and the Republic of Equatorial Guinea have long-standing friendly relations, which we invariably build on the principles of respect and consideration of mutual interests. The spirit of solidarity and mutual understanding continues to be the basis of our cooperation, which is not subject to momentary opportunistic considerations,” noted Alexander Novak.

    The parties discussed the possibilities of expanding bilateral trade and economic cooperation and its promising areas, including the supply of Russian industrial and oil and gas equipment to the country, the conditions for the entry of Russian oil and gas companies into hydrocarbon exploration and production projects in Equatorial Guinea, the participation of Russian contractors in the construction of solar power generation facilities, peaceful nuclear energy, LNG production, etc.

    Currently, Russia mainly exports pharmaceutical products, mineral and chemical fertilizers to Equatorial Guinea. This year, a significant increase in trade turnover has begun. The parties agreed to create a mechanism for consultations on economic, trade and investment cooperation in the near future.

    Russia and Equatorial Guinea will continue to work together within the Gas Exporting Countries Forum to develop measures in the interests of promoting the role of gas in global energy markets, which ensures the achievement of the UN Sustainable Development Goals as an affordable, universal and environmentally friendly type of fuel.

    Alexander Novak and Antonio Oburu Ondo also highly praised the role of OPEC in coordinating the balance of supply and demand in the global oil market.

    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://government.ru/nevs/52814/

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Dmitry Chernyshenko: Over 58 million tourist trips were made in Russia in eight months

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Veduchi Resort in the Chechen Republic

    Deputy Prime Minister Dmitry Chernyshenko and Minister of Economic Development Maxim Reshetnikov spoke about the development of the domestic tourism industry and its achievements.

    “Today, the tourism sector in Russia unites more than 200 thousand companies, employing over 1 million people. The national project “Tourism and Hospitality Industry” helps to create new resorts, points of attraction and make travel around the country safer, more accessible and more comfortable. More than 50 thousand hotel rooms are being built under the preferential lending program alone. Another 70 thousand will appear during the construction of federal year-round seaside resorts within the framework of the “Five Seas and Lake Baikal” project, which is being implemented on behalf of President Vladimir Putin,” noted Dmitry Chernyshenko.

    The Deputy Prime Minister added that almost 58.5 million tourist trips were made in Russia in the first eight months of this year, an increase of 11.4% compared to the same period last year. In July and August, the number of tourist trips was the highest in the history of statistical observations – 10 million monthly.

    It is expected that by the end of the year the number of tourist trips within the country will reach a record 91 million.

    By 2030, the tourist flow in the country should grow to 140 million trips per year – this is the goal set by President Vladimir Putin.

    Today, tourism is becoming a driver for other industries, as well as a growth point for regional economies. Minister of Economic Development Maxim Reshetnikov noted that investments in the industry exceeded 800 billion rubles last year alone.

    Elbrus, Kabardino-Balkarian Republic

    “Today we are seeing a real investment boom in the tourism market. In the first half of the year, the volume of investments amounted to 377 billion rubles, which is 64% more than last year. These figures include new hotels, new ski resorts, amusement parks, and tourist attractions. This year alone, we will allocate over 30 billion rubles under three key programs of the national project – the preferential lending program, support for the construction of modular hotels, and a single subsidy. We are currently finalizing the updated national project “Tourism and Hospitality”. The national project retained the support measures that have already proven themselves well. We have finalized the rules taking into account current tasks. For example, for the development of car tourism, we determined that projects related to the development of infrastructure for priority automobile tourist routes will receive additional points. This way, we will be able to more actively develop infrastructure that will make car travel more comfortable and safer. The industry has excellent prospects,” concluded Maxim Reshetnikov.

    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://government.ru/nevs/52812/

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

    MIL OSI Russia News –

  • MIL-OSI Europe: OSCE supports international workshop on Financial Action Task Force standards

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE supports international workshop on Financial Action Task Force standards

    The OSCE Programme Office in Dushanbe (POiD) supported an international workshop on Financial Action Task Force (FATF) standards, which took place from 24 to 27 September 2024 in Dushanbe. The workshop was hosted by the National Bank of Tajikistan and was attended by 60 participants from the nine member states of the Eurasian Group on Combating Money Laundering and the Financing of Terrorism. The purpose of the workshop was to prepare for the fourth round of FATF mutual evaluations, scheduled to begin in September 2025. As part of a new approach to the selection of assessors, candidates received pre-training on the FATF standards before the assessor training.
    The workshop covered in-depth discussions on the complex framework and best practices of the FATF standards, fostering a deeper understanding of anti-money laundering and counter-terrorist financing protocols. Participants benefited from expert-led presentations, practical case studies, and group discussions aimed at enhancing their skills in evaluating and implementing FATF recommendations. The workshop also included scenario-based exercises to provide hands-on experience in addressing practical challenges, ensuring that participants are well-equipped to apply these standards effectively in their respective jurisdictions.
    This activity is part of the ongoing efforts of POiD to support the strengthening of Tajikistan’s institutional capacity and co-operation in combating money laundering.

    MIL OSI Europe News –

  • MIL-OSI Europe: Future trainers on virtual asset regulation and investigation from across the OSCE region receive training at first-of-its-kind course

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Future trainers on virtual asset regulation and investigation from across the OSCE region receive training at first-of-its-kind course

    Future trainers on virtual asset regulation and investigation from across the OSCE region receive training at first-of-its-kind course | OSCE
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    Home Newsroom News and press releases Future trainers on virtual asset regulation and investigation from across the OSCE region receive training at first-of-its-kind course

    MIL OSI Europe News –

  • MIL-OSI Economics: Governor Olli Rehn: Old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis

    Source: Bank of Finland

    Olli Rehn, First Vice-Chair of the European Systemic Risk Board
    Keynote speech at the 8th ESRB annual conference ‘New Frontiers in Macroprudential Policy’, Frankfurt, 27 September 2024

    Old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis

    Ladies and Gentlemen, Dear Friends,

    Good morning everyone!

    May I also welcome you all and thank the secretariat for putting together an impressive programme for this ESRB flagship event.

    Today, I would like to reflect on the role of the ESRB and its mandate regarding financial stability and macroprudential policy in the EU.

    Slide 2: The ESRB’s track record & new frontiers

    I will discuss three interlinked issues. Firstly, the ESRB at 15, an adolescent, with a solid record. Secondly, key starting points for the forthcoming ESRB review. And thirdly, new frontiers, especially dealing with non-banks and better use of data and analysis.

    Let’s look at where we have come from. Since the global financial crisis, major efforts have been made to ensure financial stability in the EU and globally through better regulation and supervision. I think it is indeed fair to say that financial stability has risen forcefully up the agenda of central banks, not least as it provides essential support for the central banks’ primary goal of price stability.

    In recent years, financial systems and financial stability measures have been subject to real-life stress tests, with the global economy being hit by a series of major shocks over just a short period of time. Primarily, that is, the COVID-19 pandemic, Russia’s illegal, brutal war in Ukraine, the surge in inflation and the sharp rise in interest rates.

    In my view, the financial systems in the EU and elsewhere have withstood these shocks rather well. The Basel Committee on Banking Supervision points out that the strong resilience has been largely thanks to the tightened capital and liquidity requirements for banks.

    Slide 3: Sturdy capital buffers provide banking resilience

    True, the capital ratios of European banks have roughly doubled since the global financial crisis. The increased capital buffers have been – and will continue to be – necessary in the current operating environment, which is filled with geopolitical and other uncertainties.

    I would add that the active use of macroprudential policy has further supported the resilience of the financial system in Europe.

    As part of its mandate, the ESRB assesses systemic risks in the EU, and, where appropriate, issues warnings and recommendations.

    Slide 4: Key risks for EU financial stability

    In our recent systemic risk assessment, we conclude that while disinflation in the EU is on track, financial stability risks remain elevated amid heightened geopolitical risks and the still fragile recovery of the EU economy. In the latest ECB projection, growth outlook was revised down, and the risks to the growth outlook are tilted to the downside.

    In particular, we have to be aware of both the direct and indirect impacts of current geopolitical risks on the EU financial system. Geopolitical events may directly impact financial markets by increasing volatility, affecting capital flows, exchange rates, and credit spreads. Indirectly, they can disrupt global trade and increase commodity prices, challenging households and businesses in the EU.

    In the financial markets, the risk appetite has been unusually strong, especially in the context of high macro-financial uncertainty. The abrupt, albeit short-lived, market correction in early August showed how sensitive this can be. If repeated, the vulnerabilities in the non-bank sector could amplify adverse market dynamics.

    Moreover, vulnerabilities in the banking sector could resurface, especially if the first two risks were to materialise. This would increase credit risks and tighten funding conditions at the same time.

    In any case, it continues to be essential to maintain the resilience of the EU financial system. Ensuring adequate resilience and effective but flexible regulation is one building block in promoting European competitiveness, along the lines of the recent report by Mario Draghi. As part of the efforts for more investment and higher productivity, it is crucial to advance the savings and investment union – or the ex-capital market union – and to complete the banking union.

    Slide 5: ESRB’s members reflect on its future – ATC survey

    Fifteen years ago, the global financial crisis revealed weaknesses in EU banking supervision. It was clear that major changes to financial supervision were necessary to help prevent and mitigate future crises.

    Thus, Commission President José Manuel Barroso set up an independent High Level Group on Financial Supervision in the EU to make recommendations on strengthening European supervisory arrangements, covering all financial sectors.

    The High Level Group, chaired by Jacques de Larosière, was given a very broad mandate and very little time. In only three months, the Group delivered an important and insightful report. It provided the basis not only for establishing the ESRB but the whole European System of Financial Supervision, including the European Supervisory Authorities.

    One of the key conclusions of the report was that regulators and supervisors had not sufficiently focused on “the macro-systemic risks of a contagion of correlated horizontal shocks”. As a policy response, de Larosière proposed establishing the ESRB (or the European Systemic Risk Council as he then called it).

    As a member of the European Commission at that time, I had the privilege of being present at the ESRB’s creation, specifically by preparing with my team the legislative proposals for setting up the ESRB, while my dear colleague Michel Barnier introduced the legislation for the European System of Financial Supervision. The legislative process was swift. The General Board of the ESRB held its inaugural meeting in the Eurotower in January 2011.

    Given the constantly evolving environment, it is necessary to review the mandate and workings of the ESRB from time to time. The Commission is now tasked – for the second time – with reporting to the European Parliament and to the Council on the review of the ESRB.

    While the ESRB will not take a formal position on its founding regulation, it believes it is important that the legislator has the opportunity to benefit from the experience of those who have been deeply involved in the work of the ESRB. For this purpose, the ESRB has set up a High Level Group to (i) identify which adjustments to the mission or framework of the ESRB might be required and to (ii) provide its insights to the EU co-legislators before the review process. I have the honour of chairing the Group.

    Let me give you an interim snapshot of the key issues in the review.

    First, as part of the High Level Group’s work we have been seeking feedback more broadly from the ESRB membership by way of a survey among the members of the Advisory Technical Committee on how the ESRB has succeeded in its core tasks over the years. We have also sought to explore whether the current operating model of the ESRB is fit for purpose and how the ESRB and its tasks should be renewed and developed as the financial system evolves.

    The feedback received from the members of the ATC has been most valuable. It indicates that the current model and mandate of the ESRB do not need a complete overhaul but rather some targeted adjustment.

    The work done by the ESRB over the years is considered especially valuable with regard to the definition of macroprudential policies and the development of a comprehensive framework for macroprudential policies in Europe, particularly in the banking sector.

    And this work has had a significant impact: the ESRB, through its determined efforts, has helped to pre-emptively identify and mitigate the build-up of systemic risks in Europe.

    Going forward, the ESRB could, in my view, play an even stronger role in the holistic analysis of systemic risks within the EU. The ESRB has a unique ability to examine cross-sectoral, cross-border and interlinked risks – and the truly systemic dimension of these risks.

    The ESRB is also in an excellent position to work with academia and international organisations. A particular advantage for the ESRB is that the European Supervisory Authorities (the EBA, ESMA and EIOPA) participate in our work and provide their own perspectives. It is crucial that their expertise will continue to support the work of the ESRB.

    Leading on from this, I would like to call for deeper collaboration at the EU level on country risk analysis. Given the macroprudential mandate of the ESRB, there is scope for capitalizing on the ESRB’s analytical work in the EU’s Macroeconomic Imbalance Procedure.

    In particular, the ESRB has been developing the concept of macroprudential policy stance to analyse the way in which national authorities are using macroprudential tools to mitigate the systemic risks to which their financial sector is exposed. A deepening of EU collaboration in this field would contribute to strengthening economic stability in a particular Member State and/or the EU in its entirety.

    The feedback we received also highlighted that, in its systemic risk assessment, the ESRB should be able to incorporate a range of new emerging risks and vulnerabilities. Several members underlined the need to better understand systemic risks related to the non-bank financial institutions (NBFIs). Other increasingly relevant risks include climate change, AI and cybersecurity.

    The ESRB has already engaged in risk monitoring and analysis of the non-bank sector and has identified many structural vulnerabilities that require our attention. But more work is needed to better understand the systemic risks of the non-bank sector in the same depth as those for the banks. This is important not only for financial stability, but also for ensuring a solid basis for the saving and investment union.

    Let me underline the critical importance of data – access to data, better use of data – in the analysis of non-banks. To understand the systemic risks related to NBFIs, we simply need better data to be able to identify and map the vulnerabilities and interconnections. Only once that’s done, we will be able to capitalize on more advanced methods, such as system wide stress-testing, to locate the vulnerabilities in the system.

    Our future challenges include not only the complexity of the evolving financial system, but also the increased speed of its operations. Due to digitalisation, financial operations are becoming ever faster. It will be even more important that the ESRB is able to perform risk analysis and policy evaluations in a timely manner.

    Dear Friends,

    Slide 6: Three priorities in the way we work

    Before concluding, I’d like to highlight three priorities for the way we work in the coming years that I find critical for the ESRB. We should:

    1. Enhance our analytical capacity by making better use of data and research.
    2. Bring into use new analysis methods and technologies.
    3. Focus on our core activities.

    Let me just elaborate on these a little more.

    Slide 7: Analysis based on data and research – a key priority

    1. Active development of data analytics and research-driven analysis is nothing new at the ESRB as such.

    But I firmly believe that the importance of analysis which is based on data and research cannot be overemphasized in our times, where disinformation is being used as a weapon. In today’s world, there is a great risk that genuine information will be crowded out.

    Data is the gold or oil of our digital world today – it is a valuable resource and a necessary basis for high-level analysis. Following the global financial crisis, the reporting requirements for financial operators were increased. Financial supervisors and central banks consequently also have a duty to use the new data effectively and efficiently.

    The challenge for the ESRB is that not all relevant data are readily available to it. The rules governing the ESRB’s access to data can be broadly divided into two types:

    • ex ante access, whereby the ESRB has access to data on a regular, ongoing basis, as soon as it is reported. We already benefit from quite a few datasets under this framework, which is well aligned with our mandate and tasks.
    • ex post access, through ad hoc requests, which take time to process. For some important datasets we have only ex post access. This includes granular datasets collected by the ESAs.

    While cooperation regarding data sharing between the ESAs and the ESRB has been excellent, the ex post framework has inherent limitations that hamper the ESRB’s ability to continuously monitor and mitigate risks to financial stability.

    For this reason, the ESRB sent a letter last month to European co-legislators, urging them to broaden the ESRB’s access to information from supervisors, so that the data can be shared with the ESRB by default.

    This is extremely important for the ESRB to be able to effectively fulfil its mandate in assessing the systemic risks and to promptly react in instances of projected instability.

    As the volume of data increases, we must also invest in new high-level analysis methods. Modern methods of risk assessment make use of advanced tools and technologies, such as AI and machine learning, which enable better forecasting and analysis. With these technologies, it is possible to process large amounts of data.

    Finally, to focus on our core activities has been rightly underlined both by the other High Level Group members and in the ESRB member feedback. We should, in my view too, focus on our core activities even in the midst of various crises. We cannot be experts in everything, and nor do we need to be. The added value that we bring as an organisation should focus on the area where we are the best experts: systemic level risk analysis of the financial system.

    Our added value should always come from a deep understanding of vulnerabilities and interconnections in the financial system and of the various factors that get amplified when shocks hit the system.

    Dear Friends,

    Let me now conclude.

    In the grand scheme of things, financial stability fundamentally depends on the geopolitical and macroeconomic context. The best service for EU financial stability now is to maintain European unity and firmly support Ukraine in the face of Russia’s threat.

    Furthermore, it is crucial to strengthen the structural foundations of the European economy, by focusing policy actions on productivity growth and industrial competitiveness, while retaining the European model of social inclusion.

    On its part, the European Systemic Risk Board, together with the ESAs, the SSM, the FSAs and the central banks, continues to play a strong role in safeguarding the stability of the EU financial system. Our work will focus on the evolving systemic risk and will be based on comprehensive data and research, high-quality analysis and wide-ranging cooperation between different authorities.

    I look forward to continuing to work with you towards this immensely important goal of maintaining financial stability in Europe.

    Thank you for your kind attention!

    Presentation (PDF)

    Olli Rehn ESRB financial stability speech

    MIL OSI Economics –

  • MIL-OSI United Nations: UNESCO Regional Office in Cairo and Spanish Agency for International Development Cooperation Launch Dual Exhibitions at the Museum of Islamic Art

    Source: United Nations

    The UNESCO Regional Office in Cairo is pleased to announce the opening of two major exhibitions in collaboration with the Spanish Agency for International Development Cooperation and the Museum of Islamic Art in Cairo.

    These exhibitions, hosted by Museum, offer an immersive exploration of the history, culture, and architecture of the Islamic world, focusing on two distinct themes which are interlinked.

    The first exhibition, “Madinat Al-Zahra, The Shining City,” focuses on the palatial city of Madinat al-Zahra, commissioned by the Umayyad Caliph Abd
    al-Rahman III in 940 CE near Córdoba, Spain. Known as the “Brilliant City,” this UNESCO World Heritage site reflects the caliph’s power, ideological ambitions, and artistic excellence. The city, named after Abd al-Rahman’s beloved Azahara, served as a political statement as well as a hub of cultural and architectural innovation.

    Since 2016, a joint German-Spanish project led by Felix Arnold, a renowned architect and archaeologist, has been investigating the entrance area of the
    city, uncovering new insights into its construction process, urban design, and the role of gardens and walls in shaping the city’s structure. At the opening ceremony, Felix Arnold delivered a keynote speech, where he emphasized the importance of Madinat al-Zahra in the broader context of Islamic architectural heritage.

    The exhibition features original photographs and key findings from Arnold’s research, as well as two captivating photographic series: “Intimate Diary of Madinat al-Zahra,” which showcases iconic locations like the Salón Rico and Casa Yafar, and a new collection by Rafael Carmona, documenting the ongoing restoration of the Salón Rico.

    The second exhibition, “UNESCO Historic Urban Islamic Landscape,” complements the first by exploring the material culture and architectural achievements of Islamic societies, particularly those represented in UNESCO World Heritage Sites. This exhibition highlights the enduring impact of Islamic urban planning, featuring artifacts from the Museum of Islamic Art in Cairo. Themes include the foundation of Fustat as the foundation of Cairo city, Capitals of Islamic Empires, Architecture, The Genius of the Muslim Engineer, and Urbanization in Islamic Cultures, offering a deeper understanding of the urbanization processes that shaped Islamic cultures. Together, these exhibitions emphasize the preservation of Islamic heritage and its profound influence on world architecture and urbanism.

    By showcasing the connections between Madinat al-Zahra and other Islamic cities like Cairo, UNESCO and AECID provide visitors with a unique opportunity to explore the intertwined legacies of Islamic history and culture. UNESCO, AECID, and the Museum of Islamic Art invite visitors to experience these exhibitions, which offer a comprehensive view of the cultural and architectural contributions of Islamic societies from Córdoba to Cairo and beyond.

    Read the leaflet

    MIL OSI United Nations News –

  • MIL-OSI China: PBOC to Cut Required Reserve Ratio

    Source: Peoples Bank of China

    Adhering to its accommodative monetary policy stance, the People’s Bank of China (PBOC) is set to intensify monetary policy adjustments with higher precision, so as to foster a favorable monetary and financial environment for the stable growth and high-quality development of the Chinese economy. The PBOC decides to cut the required reserve ratio (RRR) for financial institutions by 0.5 percentage points (excluding those that are already subject to an RRR of 5 percent), which will be effective from September 27, 2024. The weighted average RRR for financial institutions will be about 6.6 percent after the cut.

    Date of last update Nov. 29 2018

    2024年09月27日

    MIL OSI China News –

  • MIL-OSI China: BRICS should contribute to multi-polar world: Chinese FM

    Source: China State Council Information Office

    The BRICS countries should contribute to the promotion of an equal and orderly multi-polar world and economic globalization that benefits all, Chinese Foreign Minister Wang Yi said on Friday.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a meeting of foreign ministers of BRICS countries.

    Common security must be advocated to achieve lasting peace, Wang said. No country has the right to control the global security agenda, let alone to build its own security over the insecurity of others, he added.

    Wang said the BRICS countries must give priority to development and solve development problems, focus on the urgent needs of developing countries in poverty reduction, development financing, energy and food security, and seize the opportunities of technological revolution and industrial transformation.

    The BRICS countries should practice multilateralism and improve global governance, support the full participation of the Global South countries in international economic decision-making, governance and rule-making, and enhance their voice and representation.

    On the same day, during a meeting among the Committee of Ten (C10) Heads of State and Government on UN Security Council Reform and foreign ministers of five UN Security Council permanent members, Wang called for continuously increasing representation and voice of developing countries.

    He said it is necessary to anchor the reform path that gives priority to special arrangements for Africa.

    MIL OSI China News –

  • MIL-OSI China: Lebanese FM condemns Israeli military actions, urges int’l intervention

    Source: China State Council Information Office

    Lebanese Foreign Minister Abdallah Bou Habib condemned on Thursday Israel’s recent military actions along the Lebanese-Israeli border and called for urgent international intervention to prevent the situation from escalating.

    “We are facing a crisis that threatens Lebanon’s very existence. The future of our people and our prosperity is imperiled,” said Bou Habib when addressing the 79th United Nations General Assembly.

    “This is a situation that requires international intervention on an urgent basis before the situation spirals out of control… which will transform into a black hole that will engulf regional, international peace and security,” he said.

    Bou Habib condemned Israel’s recent military actions, accusing it of escalating the conflict. “One of the gravest challenges Lebanon currently faces is this increase in aggression. The war has expanded and spilled over into Lebanese regions. We reiterate our warning against this aggression, which will continuously intensify.”

    The foreign minister identified the unresolved issue of occupation, particularly regarding border disputes with Israel, as the root cause of Lebanon’s ongoing instability.

    “So long as the occupation persists, there will be instability and there will be war… we have striven to resolve border disputes with Israel. However, Israel has continuously eluded the issue or disregarded the matter,” he said.

    While underscoring Lebanon’s right to defend itself under international law, Bou Habib stressed that the solution to the crisis lies in diplomacy, not war.

    Bou Habib welcomed a recent declaration of the United States and France which offers a potential path to restoring calm and ensuring stability along Lebanon’s borders. He urged all parties involved to implement UN Security Council Resolution 1701, which calls for an end to hostilities between Israel and Lebanon.

    MIL OSI China News –

  • MIL-OSI China: China innovates carbon footprint assessment

    Source: China State Council Information Office 2

    Chinese scientists have developed a carbon footprint assessment system which spatializes a carbon footprint by integrating a geographic information system (GIS) into a full life cycle assessment (LCA). This comes as the country has advanced efforts to establish a carbon footprint management program that is both tailored to national conditions and aligned with international standards.

    Software for the GIS-LCA system was released at a seminar focusing on the construction of a carbon footprint management system. The seminar was held in Beijing on Sept. 26, 2024. [Photo courtesy of the Qingdao Institute of Bioenergy and Bioprocess Technology of the Chinese Academy of Sciences]
    Software for this GIS-LCA system was released Thursday at a seminar in Beijing that gathered representatives from relevant government departments, academia, companies and industrial associations.
    During his speech at the seminar, Xie Kechang, academician and former vice president of the Chinese Academy of Engineering, expressed how current international standards do not account for variations in carbon footprints of products that are the same but produced in different locations. He went on to add that this limitation does not suit China’s national conditions well. Xie offered guidance to the team who developed this new carbon footprint assessment system.
    Tian Yajun, chief scientist of the Qingdao Institute of Bioenergy and Bioprocess Technology at the Chinese Academy of Sciences (CAS) and leader of the team who developed this new system, also emphasized the significance of accuracy in carbon footprint calculation, stating that “an accurate and reliable carbon footprint is one of the important foundations for promoting the green and low-carbon transformation of the economy and society.”

    Tian Yajun, chief scientist of the Qingdao Institute of Bioenergy and Bioprocess Technology at the Chinese Academy of Sciences (CAS) and leader of the team developing the GIS-LCA system, spoke during the seminar held in Beijing on Sept. 26, 2024. [Photo courtesy of the Qingdao Institute of Bioenergy and Bioprocess Technology at the CAS]
    Both academics highlighted that the integration of GIS with LCA addresses this limitation and enhances assessment accuracy.
    According to Tian, also head of the Extended Energy Big Data and Strategy Research Center at the Qingdao Institute of Bioenergy and Bioprocess Technology at the CAS, this carbon footprint assessment system, built on a decade’s worth of accumulated big data, can model real-world scenarios, planning the actual paths of carbon footprints while supporting visualization in the form of flow charts.
    He added that this system can be applied in a wide variety of contexts and by a diverse array of institutions, including products, services, supply chains, companies, industrial parks, industries and governments.
    With this GIS-LCA system, Yueqing city in Zhejiang province has developed China’s first carbon footprint calculation model for local industrial clusters. It has also created a carbon footprint roadmap for electrical product supply chains. On this basis, the model has identified key points and provided plans for carbon reduction.
    In addition, the city has developed the country’s first spatialized, high-resolution background dataset for the electrical industry, as well as has established a public carbon footprint service platform that integrates products, supply chains, industries, businesses, certification bodies and the government.
    “The technology that integrates geographic information with carbon footprint assessment provides an open exploration for establishing the country’s carbon footprint management system, and a good start for us to promote a science-based, standardized and internationally recognized carbon footprint management,” said Xia Yingxian, director general for the Department of Climate Change of the Ministry of Ecology and Environment (MEE).
    According to an action plan released in June by the MEE in collaboration with 14 other government departments, China aims to preliminarily establish a carbon footprint management program with national guidelines for calculating product carbon footprints as well as calculation rules and standards for approximately 100 key products by 2027, with the intent to expand this system to include calculation rules and standards for approximately 200 key products by 2030.
    The national guidelines GB/T24067-2024, titled Greenhouse gases—Carbon footprint of products—Requirements and guidelines for qualifications, are scheduled to take effect on Oct. 1.
    Looking ahead, Tian said that he and his team look forward to developing their GIS-LCA system into an important component of China’s carbon footprint management program, and even part of international rules.
    Xia said that the MEE will collaborate with other government departments to motivate stakeholders across society to step up scientific theoretical research; establish calculation standards through pilot efforts in key regions, industries and companies; encourage collaboration in developing a national emission factor database of product carbon footprints; create diverse application scenarios; and advance international and mutual recognition of the standards.

    MIL OSI China News –

  • MIL-OSI China: Over 6,500 caught for organized crimes amid special summer crackdown

    Source: China State Council Information Office 2

    Chinese police captured 6,543 criminal suspects for organized crimes in a special crackdown during the summer, China’s Ministry of Public Security (MPS) said Friday.
    Tong Bishan, an official with the ministry, said at a press conference in Beijing that the ministry intensified its efforts to lawfully fight organized crimes that undermine people’s sense of security based on the distinctive features of the crimes that are more prevalent in summer.
    During the special summer crackdown, Chinese police investigated 564 cases concerning organized crimes, and 3,404 criminal cases had been solved, according to Tong.
    The MPS launched a nationwide summer security crackdown campaign for the third consecutive year since June 24 to further strengthen law enforcement, and better prevent, control, and manage criminal acts.

    MIL OSI China News –

  • MIL-OSI China: Xi stresses consolidating unity of Chinese nation

    Source: China State Council Information Office 2

    Chinese President Xi Jinping on Friday called for consolidating and developing the unity of the Chinese nation.
    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the call at a grand meeting held in Beijing to honor role models for ethnic unity and progress.
    He urged efforts to advance the building of the community for the Chinese nation.

    MIL OSI China News –

  • MIL-OSI Africa: Weather service warns of light snow event

    Source: South Africa News Agency

    The South African Weather Service (SAWS) has warned of light snow over the high-lying areas of the Eastern Cape and southern KwaZulu-Natal due to an expected drop in temperatures this weekend.

    This warning comes after the recent snow event of 19 – 22 September 2024, that wreaked havoc on roads between the Free State, KwaZulu-Natal and Eastern Cape.

    The weather service noted that this system is significantly different from the previous snow event, therefore the impacts expected are not as significant as the snow event of 19 – 22 September 2024.

    The snowfall is expected to start in the Western Cape early on Sunday morning (29 September 2024) and spread eastward towards KwaZulu-Natal by Monday morning (30 September 2024). 

    “Snowfall is expected to clear up in the Western Cape and western parts of the Eastern Cape by Monday evening. Snowfall will, however, persist on Tuesday (1 October 2024) over the eastern parts of Eastern Cape and southern KwaZulu-Natal,” SAWS said on Thursday.

    Weather conditions are expected to change significantly as an upper trough system associated with a ridging high-pressure system at the surface will introduce significant cooling over the escarpment regions of South Africa (extending from the Western Cape, up to the southern parts of KwaZulu-Natal).

    “Daytime temperatures are expected to start cooling down over the Western Cape from Sunday, 29 September 2024, reaching the Eastern Cape and KwaZulu-Natal region by Monday, 30 September 2024.

    “A cold front with an associated upper trough arrives in the Western Cape on Saturday afternoon, 28 September 2024, resulting in showers and rain in the south-western parts of the Western Cape as well as isolated showers and thundershowers over the western and central interior of the country,” SAWS said.

    As the cold front moves eastward across the country, onshore flow along the south coast will continue to result in showers and rain persisting into the evening hours. 

    “With the cold front already resulting in cooler surface conditions, another upper trough associated with the ridging high-pressure behind the cold front will further cool down the surface temperatures on Sunday, 29 September 2024, especially along the high-lying regions of the Western Cape and into the southern parts of the Northern Cape. 

    “As the ridging high-pressure system continues to move eastwards, the temperatures are expected to drop further to very cold conditions (maximum temperatures of less than 10℃) over the escarpment of the Eastern Cape and southern KwaZulu-Natal into Monday, 30 September 2024. 

    “Strong to possible gale force winds as well as ocean swells between 4,0 to 6,0 m can also be expected along the south coast from Sunday into Monday morning as the ridging high-pressure moves through,” the weather service said.

    Daily rainfall accumulation is not expected to exceed 30 mm over the period of 29 September until 1 October 2024. |

    Light snowfall is likely to occur over the high-lying regions of Western Cape, Northern Cape, Eastern Cape as well as southern KwaZulu-Natal. 

    “Light snowfalls can be expected over the high-lying regions of the Western Cape and places along the extreme-southern parts of the Northern Cape. Significant marine swells with heights between 4,0 to 6,0 m can be expected between Saldanha Bay and Plettenberg Bay on Sunday morning, spreading to Port Shepstone by Monday afternoon. 

    “Strong to possible gale-force winds can also be expected between Cape Agulhas and Gqeberha (previously Port Elizabeth) on Sunday, spreading as far as East London by Monday morning.

    “Light snowfalls are expected to begin in the Eastern Cape and southern parts of KwaZulu-Natal on Monday, persisting into Tuesday morning along southern KwaZulu-Natal,” the weather service said.

    The ridging high-pressure system is ultimately expected to weaken and exit the country from Tuesday afternoon. Daytime temperatures are expected to recover quickly from Sunday into Monday across eastern South Africa. – SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI Translation: How to protect yourself against attempts to steal your personal or banking data?

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Republic of France in FrenchThe French Republic has issued the following statement:

    The platform “Bank Savings Insurance Info Service” was set up jointly by the Banque de France, the Prudential Supervision and Resolution Authority (ACPR) and the Financial Markets Authority (AMF). Its “Scam Prevention” section has been reorganized to help you better detect scams and have the right reflexes when faced with new techniques used by scammers who want to trap you. Among other things, you have access to a Official Scam Prevention Guide, telling you how to protect yourself against phishing.

    Phishing is a fraudulent technique that involves tricking you into sharing your personal data (access codes, passwords, etc.) and/or your bank details with a criminal who pretends to be a trusted third party.

    To protect yourself from these scam attempts, it is particularly recommended:

    to be attentive to the level of language of the messages you receive (fraudulent messages are now often correctly written, but if you receive a message from a bank or an administration containing typos, spelling mistakes or inappropriate expressions, it is because it is not the work of the indicated establishment); to check the links present in the suspicious emails that you receive (before clicking on a possible link, place your mouse over it so that the full address of the link appears then make sure that this link is coherent and points to a legitimate site); to be wary of requests that seem strange to you (no organization has the right to ask you for your credit card code, or the access codes and passwords of your personal spaces); to use an ad-blocking software, an anti-spam filter, or to activate the warning option against phishing present on most browsers; never click directly on the ad when you see a pop-up window open while browsing the internet, even if a close button appears within the pop-up window itself. Always use the cross (X) in the corner of the window.

    If you have serious doubts about a message you have received, there is a good chance that it is not legitimate. It is then recommended not to open attachments and not to respond. You should delete the message and then empty the trash of your mailbox.

    If this is your work email account, it is recommended to forward the suspicious email to your company’s IT department and information security officer for verification. Wait for their response before deciding whether or not to delete the email.

    Namely

    If you think you have been the victim of a scam or attempted phishing scam via spam, report it to signal-spam.fr. Your report will be assigned to authorities or professionals able to take action against this spam.

    Please note

    The scam prevention guide distributed by the “Assurance Banque Épargne Info Service” platform also provides you with advice to protect yourself against:

    fake administrative sites that offer to help you, for a fee, with certain common administrative procedures (requests for driving licenses, vehicle registration documents, birth certificates, etc.); fraudulent calls for donations launched by entities or websites not authorized to carry out this activity in France; fraudulent offers of credit or savings products with particularly attractive conditions; bank check scams; online payment fraud.

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

    MIL Translation OSI

  • MIL-OSI China: China opposes US missile deployment in Philippines

    Source: China State Council Information Office 3

    A Chinese defense spokesperson on Thursday reiterated China’s firm opposition to the United States’ deployment of mid-range capability missiles in the Philippines under the pretext of military exercises.

    Responding to a media query, Zhang Xiaogang, a spokesperson for China’s Ministry of National Defense, urged the U.S. side to address its erroneous actions and deliver on its earlier commitment to withdraw the mid-range capability missile system it has deployed in the Philippines as soon as possible.

    The Philippine side should not miscalculate the situation or involve itself in the U.S. agenda, as doing so will only hurt its own interests, Zhang said.

    China has abundant tools at its disposal and will take effective countermeasures according to the evolving situation, Zhang added.

    MIL OSI China News –

  • MIL-OSI China: Abbas urges efforts to stop Israeli occupation, ‘genocide’

    Source: China State Council Information Office 3

    Palestinian President Mahmoud Abbas delivers a speech during the General Debate of the 79th session of the United Nations General Assembly (UNGA) at the UN headquarters in New York, on Sept. 26, 2024. [Photo/Xinhua]

    Palestinian President Mahmoud Abbas received a long round of applause as he addressed the United Nations General Assembly (UNGA) on Thursday, insisting that “we will not leave, Palestine is our homeland,” and “if anyone were to leave it would be the occupier.”

    He proceeded to accuse Israel of perpetrating a “full-scale war of genocide,” dismissing Israeli Prime Minister Benjamin Netanyahu’s claim that Israel didn’t kill civilians in Gaza. “I ask you, who is it then that killed more than 15,000 children?” he said.

    “Stop this crime. Stop it now. Stop killing children and women. Stop the genocide. Stop sending weapons to Israel. This madness cannot continue. The entire world is responsible for what is happening to our people,” Abbas said.

    Sanction and exclusion

    During his speech, Abbas called on the international community to impose sanctions on Israel and also its exclusion from the United Nations following the “genocide in Gaza.”

    “We call for sanctions against Israel. Israel does not deserve to be part of this organization. I don’t know how the United States can insist on depriving us of our rights,” Abbas said, adding that Israel must be stripped of United Nations membership for failing to accept a two-state resolution to the conflict and allowing the return of Palestinian refugees to their homes. “We are going to submit an application to the UNGA on this matter,” he said.

    “We regret that the U.S. administration — the largest democracy in the world — on three occasions obstructed draft resolutions at the Security Council demanding Israel to observe a ceasefire,” Abbas said, accusing the United States of encouraging Israel’s military actions by repeatedly using its veto power and supplying Israel with weapons used in the conflict.

    “This is the United States — the same country that was the only member in the Security Council that voted against granting the state of Palestine full membership in the UN,” Abbas said, expressing disbelief over what he sees as the U.S. consistent opposition to Palestinian statehood and rights.

    He also touched upon the situation with settlers in the West Bank, specifying that 600,000 settlers currently live there. “We want ICJ (the International Court of Justice) ruling on Israel to be implemented,” he noted.

    Crime and genocide

    Highlighting that Palestinians have endured nearly a year of what he described as one of the most heinous crimes of the time, the leader said that “it is the crime of a full-scale war of genocide that Israel is perpetrating. A crime that has killed more than 40,000 martyrs in Gaza alone, and thousands remain under the rubble. A crime that has injured more than 100,000 to this day.”

    He pointed out that whole Palestinian families have been annihilated, their family names completely erased, stressing that amid the onslaught, diseases are spreading, clean water and vital medicines are in scarce supply, and over two million Palestinians have been displaced, many forced to flee multiple times in search of safety. The deaths and injuries continue unabated, not only in Gaza but in the West Bank and in Jerusalem.

    Abbas underscored that he was not speaking today “to respond to the lies” of the Israeli prime minister, who claimed before the U.S. Congress in July that Israeli forces did not kill innocent civilians in Gaza.

    “I ask you, who is it then that killed more than 15,000 children of the 40,000 and an equal number of women and elderly persons. And who is it then that is continuing to kill them, I ask you?” he said.

    “Palestine will be free, despite anyone who objects. Our people will live in the land of their fathers and grandfathers … The occupation will end,” concluded Abbas.

    Strike and ceasefire

    Right after Abbas, Gambian President Adama Barrow addressed the UNGA that “the Israeli occupation, expansion of settlements, blockade of Gaza, and restrictions in the West Bank, together with the threat of intensifying the war to a regional conflict, continue to worsen the ongoing tensions in the Middle East.”

    “Accordingly, I call on the United Nations, the international community, and the Organization of Islamic Cooperation (OIC) Member States to join forces and urgently bring about permanent peace in Palestine,” he said, adding that “we call on the international community to prioritize support for the post-conflict reconstruction of Gaza and the improvement of economic conditions in the West Bank. Even though the situation in that region is extremely serious, the intense destruction of lives and property continues.”

    In the meantime, Netanyahu instructed his military to keep fighting “with full force” on Thursday, as high-stakes international diplomatic efforts were underway to pause the conflict between Hezbollah and Israel.

    Netanyahu is heading to New York for the UNGA, as members of his government dismissed a ceasefire proposal that the United States, European allies and several Arab nations put forward. Israel’s military carried out new strikes in Lebanon, including one in Beirut, the capital, that targeted the commander of Hezbollah’s drone unit.

    The UNGA adopted a resolution on May 10 supporting the Palestinian bid to become a full UN member and recommending that the Security Council “reconsider the matter favorably.” The resolution was adopted with 143 votes in favor and nine against, including the United States and Israel, while 25 countries abstained. China voted for the resolution.

    The resolution states, “The State of Palestine … should therefore be admitted to membership” and “recommends that the Security Council reconsider the matter favorably.”

    MIL OSI China News –

  • MIL-OSI China: Russia’s nuclear doctrine changes ‘signal’ Western states

    Source: China State Council Information Office 3

    File photo taken on Dec. 19, 2019 shows Kremlin spokesman Dmitry Peskov at Russian President Vladimir Putin’s annual press conference in Moscow, Russia. [Photo/Xinhua]

    Any potential changes to Russia’s nuclear doctrine will serve as a warning to Western countries, local media reported Thursday, citing Kremlin spokesman Dmitry Peskov.

    During a Security Council meeting on nuclear deterrence Wednesday, Russian President Vladimir Putin said that the country reserves the right to use nuclear weapons in the event of aggression.

    “This is a signal that serves as a warning to these countries about the consequences of engaging in an attack on our country through various means, not necessarily nuclear,” Peskov said.

    Peskov added that Russia’s nuclear deterrence policies are currently being adjusted to reflect the increasing tensions along the country’s borders.

    MIL OSI China News –

  • MIL-OSI Russia: Polytechnic University took part in the large-scale forum “Microelectronics 2024”

    MILES AXLE Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The forum “Microelectronics” was held for the tenth time on the federal territory “Sirius”. A key information event in the world of electronic technologies. During its existence, this platform has become one of the most important events of the professional community, thanks to business and scientific programs. The plenary session of the forum was attended by the director of the Institute of Computer Science and Cybersecurity of SPbPU Dmitry Zegzhda.

    Welcoming the forum participants, Russian President Vladimir Putin noted: The electronics industry is one of the key, strategic sectors of the modern economy. The defense capability and security of our country, its industrial and scientific potential, the state of infrastructure, the financial sector, and the quality of life of citizens largely depend on its development.

    At the plenary session dedicated to trusted software and hardware complexes and ECB for critical information infrastructure facilities, information security issues were also discussed. The report “Promising methods of research and assessment of cyber resilience of trusted hardware and software systems for critical information infrastructure facilities” was presented by the director of the SPbPU ISC Dmitry Zegzhda.

    Dmitry Petrovich outlined the paradigm according to which, in his opinion, cyber-resilience of microelectronics should develop: The requirements of trust [there] are more stringent than the requirements of reliability; microelectronics should not only function without failures and be resistant to cyber-influences, but, most importantly, its reaction to external signals should be predictable.

    The key goal of the Microelectronics forum is a comprehensive solution to current issues of development, production and application of domestic electronic component base and highly integrated electronic modules, as well as promoting the development of domestic microelectronics.

    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.

    https://vvv.spbstu.ru/media/nevs/science_and_innovations/polytech-became-participant-of-the-large-scale-forum-microelectronics-2024/

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

    MIL OSI Russia News –

  • MIL-OSI Russia: We invite you to the II Eurasian Marketing Conference “Marketing of Economic Growth”

    MILES AXLE Translation. Region: Russian Federation –

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

    The State University of Management invites you to take part in the II Eurasian Marketing Conference “Marketing of Economic Growth”, which will be held on November 29-30, 2024 at the State University of Management.

    The aim of the conference is to discuss the impact of marketing on economic growth in the context of destabilization of political, market and social processes.

    The topics of the plenary discussion cover the main areas:

    — The role of Russian marketing in overcoming the negative impact of economic sanctions; — Marketing technologies for developing vacant market niches; — Successes and problems of using digital technologies to accelerate sales; — Reasons for the slow development of B2B marketing; — Acceleration of the implementation of high-tech solutions to achieve import independence based on marketing models, technologies and tools; — New industries and areas of activity for marketers.

    The conference will include the following sections:

    Section 1. Marketing in Greater Eurasia: experience and trends; Section 2. Marketing of innovative products: conquering market niches; Section 3. Development of industrial marketing; Section 4. New digital marketing solutions; Section 5. Loyalty and gamification in marketing; Section 6. Personalization in marketing: finding relevant buyers; Section 7. Marketing technologies in retail and marketplaces; Section 8. Design and capitalization of sustainable brands; Section 9. Development of advertising and PR technologies.

    Conference format: mixed. Participation in the conference is free. To participate in the conference, you must register before October 15, 2024.

    The conference articles will be published in a collection and submitted to the Russian Science Citation Index. The best articles will be published in a monograph by decision of the organizing committee. Details and particulars in the information letter.

    All additional information can be found in the information letter or on the official website of the conference.

    II EURASIAN MARKETING CONFERENCE

    Subscribe to the tg channel “Our State University” Announcement date: 09/27/2024

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

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

    We invite you to the II Eurasian Marketing Conference “Marketing of Economic Growth”

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

    MIL OSI Russia News –

  • MIL-OSI Europe: ECB Consumer Expectations Survey results – August 2024

    Source: European Central Bank

    27 September 2024

    Compared with July 2024:

    • median consumer inflation perceptions over the previous 12 months and consumer inflation expectations for the next 12 months both declined, as did median inflation expectations for three years ahead;
    • expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months remained unchanged;
    • expectations for economic growth over the next 12 months became less negative, while the expected unemployment rate in 12 months’ time decreased;
    • expectations for growth in the price of homes over the next 12 months increased slightly, while expectations for mortgage interest rates 12 months ahead remained unchanged.

    Inflation

    The median rate of perceived inflation over the previous 12 months declined further in August to 3.9%, from 4.1% in July. Perceptions of past inflation have thus declined by 4.5 percentage points since their peak of 8.4% in September 2023. Meanwhile, inflation expectations at the one-year and three-year horizons remained below the perceived past inflation rate. Median expectations for inflation over the next 12 months edged down to 2.7%, from 2.8% previously, and stood at their lowest level since September 2021. Median expectations for inflation three years ahead edged down by 0.1 percentage points in August to 2.3%, back to their June level. Uncertainty about inflation expectations over the next 12 months remained unchanged at its lowest level since February 2022, when Russia invaded Ukraine. While the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups, expectations for lower income quintiles were slightly above those for higher income quintiles. Younger respondents (aged 18-34) continued to report lower inflation perceptions and expectations than older respondents (those aged 35-54 and 55-70). (Inflation results)

    Income and consumption

    Consumer nominal income growth expectations increased to 1.2%, from 1.1% in June. The increase in income expectations was mainly driven by the lowest two quintiles. Perceptions of nominal spending growth over the previous 12 months decreased further to 5.2%, from 5.4% in July and 5.8% in June. The latest datapoint continues a sustained decline which started in March 2023. Expectations for nominal spending growth over the next 12 months remained stable at 3.2%. Nominal spending expectations are at their lowest level since February 2022, when Russia invaded Ukraine. (Income and consumption results)

    Economic growth and labour market

    Economic growth expectations for the next 12 months became less negative, standing at -0.9%, compared with -1.0% in July. Meanwhile, expectations for the unemployment rate 12 months ahead decreased to 10.4%, from 10.6% in July, their lowest level since the start of the series. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (10.0%), implying a broadly stable labour market. The lowest income quintile continued to report the highest expected and perceived unemployment rate, as well as the lowest economic growth expectations. (Economic growth and labour market results)

    Housing and credit access

    In August consumers expected the price of their home to increase by 2.7% over the next 12 months, which was slightly higher than in July (2.6%). Households in the lowest income quintile continued to expect higher growth in house prices than those in the highest income quintile (3.2% and 2.5% respectively). Expectations for mortgage interest rates 12 months ahead remained stable at 4.8%. As in previous months, the lowest income households expected the highest mortgage interest rates 12 months ahead (5.5%). The net percentage of households reporting a tightening (relative to those reporting an easing) in access to credit over the previous 12 months increased marginally, as did the net percentage of those expecting a tightening over the next 12 months. Nevertheless, both indicators remained close to levels last seen in the second quarter of 2022. (Housing and credit access results)

    The release of the CES results for September is scheduled for 25 October 2024.

    For media queries, please contact: Eszter Miltényi-Torstensson, Tel: +49 171 769 5305

    Notes

    MIL OSI Europe News –

  • MIL-OSI New Zealand: Government Cuts – Devastating cuts to Whaakata Māori and Māori Teacher Training funding – PSA

    Source: PSA

    The Government’s decision to cut funding to Māori Television – Whakaata Māori – and Māori Teacher Training is another devastating attack on Māori, says PSA Te Kaihautū Māori Janice Panoho.
    “This is yet another breach of Article 2 of Te Tiriti o Waitangi, which protects our taonga tuku iho, including the language and cultural heritage of Māori,” Panoho says.
    “This attack on indigenous broadcasting is an affront to our people, and part of an ongoing attack on Māori. We must oppose this government’s agenda to exploit race as a political tool to undermine Te Reo Māori and eliminate Māori news and programmes.
    “It is a fact that Māori tamariki and rangatahi thrive in Kaupapa Māori education environments fare better than in mainstream schooling. We need more Māori teachers to inspire our young ones and to reinforce the importance and future of learning Te Reo Māori.
    “The recent remarks made by Education Minister Erica Stanford, where she claimed that maths achievement take priority over the revitalization of Te Reo Māori, are typical of this government’s disregard for our culture. These comments ignore the reality that both academic and cultural success go hand in hand for Māori students.
    “The loss of $30 million to fund Māori Teachers training and $10.3 million in time-locked funding, provided by the previous government, will have serious consequences for the future of Māori broadcasting and education.
    “Despite the pleas in Parliament yesterday by former Māori Development Minister Willie Jackson, who urged the government to invest in Whakaata Māori, there has been no indication that this coalition government intends to step in and provide the necessary support.
    “This is a direct attack on the future of Te Reo Māori and the Māori voice in media. Māori will not stand by while our language and our identity are diminished. The Government must be held accountable for their actions and their disregard for the commitments of Te Tiriti o Waitangi,” Panoho says.
    The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 96,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

    MIL OSI New Zealand News –