Category: Economics

  • MIL-OSI Economics: Plastics Dialogue explores cooperation, standards and harmonization of trade measures

    Source: World Trade Organization

    The five areas previously discussed during the September and October 2024 meetings included enhancing transparency in plastics trade flows, identifying best practices, improving access to relevant technologies and services, building capacity for developing members, and exploring the potential creation of domestic inventories of trade-related plastic measures.

    Three of the co-coordinators — Ecuador, China and Morocco — commended the significant progress made by participating members since 2022. With 82 members now involved, representing over 88% of global plastics trade, support for the Dialogue’s unique position in tackling plastics pollution continues to grow, they said. The co-coordinators underscored the urgency and necessity of the DPP dialogue stressing the shared responsibility of participating members to achieve concrete outcomes.

    Participants received an update on the ongoing UN-led multilateral negotiations on plastics pollution from the Secretariat of the Intergovernmental Negotiating Committee (INC) of the United Nations Environment Programme (UNEP). The update highlighted the significant progress made despite the lack of agreement on the Chair’s proposed text at the end of the fifth negotiation session held in November in Busan, the Republic of Korea. The INC Secretariat emphasized that the Chair’s text laid a strong foundation for future negotiations and called for continued support and input from the DPP,

    Regarding strengthening cooperation on standards for non-plastic substitutes and alternatives, the International Organization for Standardization (ISO) made a presentation on the process of identifying potential gaps in international standards for non-plastic substitutes and alternatives to single-use plastics and packaging. Several entrepreneurs from India, Indonesia and China shared insights on the challenges of certifying non-plastic substitutes and alternatives.

    On greater harmonization of trade-related plastics measures (TrPMs), the WTO Secretariat provided an overview of past technical discussions (INF/TE/IDP/RD/123) and a survey on TrPMs concerning single-use plastics conducted last year (INF/TE/IDP/W/11). Kenya and New Zealand shared their national experiences in addressing trade-related challenges in implementing restrictions on single-use plastic goods.

    Delegates and stakeholders welcomed the diverse insights from both the public and private sectors. They shared broad views on the topics under discussion, including  the possibility of working with ISO to identify gaps in standards for non-plastic substitutes and alternatives, how to address the fragmentation of cross-border standards, and the importance of transparency and sharing best practices. While some delegates emphasized the need for collective action to address single-use plastics by promoting substitutes and alternatives, others stressed the need to assess the environmental, health and economic impacts of these substitute materials. Some delegates also proposed focusing on the waste management and recycling aspects of single-use plastic products.

    Participants suggested potential outcomes for single-use plastic goods at MC14. Some proposed guidelines and voluntary actions to harmonize different standards while ensuring they do not create additional trade barriers. Others emphasized the need to define single-use plastic goods as a crucial first step toward establishing international guidance for trade measures. Some queried whether there was significant convergence to discuss potential outcomes and if it was not too premature to have such discussions.

    In conclusion, Australia, also a co-coordinator of the Dialogue, thanked participants for their valuable insights, particularly the perspectives shared by Asian companies. It expressed interest in further engaging with other regions to explore how trade can support both innovation and environmental objectives.

    Looking ahead, Australia stated that the group plans to consolidate discussions on the eight key focus areas in an upcoming review session scheduled for April or May, with the goal of fostering a “focused, collaborative, and inclusive dialogue” and delivering on the MC13 mandate for “further concrete, pragmatic and effective outcomes”.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Thales introduces new FIDO Key Lifecycle Management solution to enable secure authentication at scale

    Source: Thales Group

    Headline: Thales introduces new FIDO Key Lifecycle Management solution to enable secure authentication at scale

    • New solution allows Enterprises to accelerate and secure passwordless implementation by managing FIDO* security passkeys at scale simply and efficiently
    • Provides full control of the entire FIDO key lifecycle to IT and facilitates accelerated FIDO adoption

    Thales, the leading global technology and security provider, today announced the launch of OneWelcome FIDO Key Lifecycle Managementa new solution to help large organizations successfully deploy and manage FIDO security passkeys at scale. This announcement reflects Thales’s commitment to provide its customers with a seamless and secure passwordless journey.

    OneWelcome FIDO Key Lifecycle Management combines an interoperable management platform with Thales hardware FIDO security keys (passkeys) specifically designed by Thales for use in large organizations. The solution helps CISOs accelerate and secure their passwordless journey by managing FIDO security keys at scale, in a simple and efficient way, throughout their lifecycle. In addition, CISOs benefit from the ultimate Thales expertise in cyber security and in complex projects.

    Danny de Vreeze, Vice President, Identity & Access Management at Thales, said: “Authentication is at the heart of securing identities and we are committed to supporting organizations securely transition to passwordless authentication. This solution eliminates the barriers to smooth adoption and enables IT teams to easily manage FIDO security keys beyond just the enrollment. The OneWelcome FIDO Key Lifecycle Management solution is a crucial part of our Passwordless 360° approach that encourages organizations to deploy passwordless at scale and reap its strategic benefits.”

    FIDO security keys are the gold standard for protecting the enterprise from phishing attacks, but cumbersome self-registration and lifecycle management processes often lead to user frustration, IT overheads and delayed passwordless authentication deployment.

    Thanks to unique capabilities, this new solution, allows IT teams to quickly preregister keys and manage them easily and securely from enrollment to revocation. By relieving end users from these processes, the OneWelcome FIDO Key Lifecycle Management solution improves end-user productivity, accelerates FIDO authentication deployment at scale and secures the entire FIDO key lifecycle.

    Andrew Shikiar, Executive Director and CEO at The FIDO Alliance, said: “The FIDO Alliance’s mission is to reduce the world’s reliance on passwords with simpler, stronger authentication. As an active board member of The FIDO Alliance, Thales underscores that mission by supporting a wider deployment of FIDO standards via its device-bound passkey Management Solution – with the added bonus of full key lifecycle management.”

    The interoperable management platform is integrated via FIDO2 provisioning API’s to Microsoft Entra ID which enables organizations to pre-register Thales FIDO keys on behalf of their end users.

    Thanks to this integration, Enterprises adopting Microsoft 365 can provide secure and seamless authentication to their users from day one. Thales confirms its position as an Identity Trailblazer won at the 2024 Microsoft Security Excellence Awards in recognition of its innovative IAM solutions.

    Natee Pretikul, Principal Product Management Lead at Microsoft Security, said: “With FIDO2 provisioning APIs and our longstanding collaboration with Thales, we are empowering organizations to deploy phishing-resistant authentication at scale. By pre-registering end users for a passkey (FIDO2) credential, we enable them to use phishing-resistant multi-factor authentication methods more quickly.”

    *The FIDO Alliance is an open industry association with a focused mission: reduce the world’s reliance on passwords. To accomplish this, the FIDO Alliance promotes the development of, use of, and compliance with standards for authentication and device attestation. 

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence & Security, Aerospace, and Cyber & Digital.

    It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

    Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

    MIL OSI Economics

  • MIL-OSI Economics: Philippines launches safeguard investigation on corrugating medium

    Source: World Trade Organization

    In a document submitted together with the notification (see footnote of the notification), the Philippines indicated, among other things, as follows:

    “[I]nterested parties are hereby invited to submit their comments and position on the matter, including their views on whether the imposition of the safeguard measure will be in the public interest. Submissions may be made to the Bureau of Import Services (BIS), Department of Trade and Industry, 7th Floor, Filinvest Building, #387 Senator Gil Puyat Avenue, Makati City, or through electronic submission to [email protected] within five (5) days from the date of publication of this notice.”

    Further information is available in G/SG/N/6/PHL/22.

    What is a safeguard investigation?

    A safeguard investigation seeks to determine whether increased imports of a product are causing, or is threatening to cause, serious injury to a domestic industry.

    During a safeguard investigation, importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties.

    A WTO member may take a safeguard action (i.e. restrict imports of a product temporarily) only if the increased imports of the product are found to be causing, or threatening to cause, serious injury.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Verizon to redeem debt securities on March 18, 2025

    Source: Verizon

    Headline: Verizon to redeem debt securities on March 18, 2025

    NEW YORK – Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem the following notes on March 18, 2025 (the “Redemption Date”):

    I.D. Number

    Title of Security

    Principal Amount
    Outstanding

    CUSIP: 92343V EP5

    ISIN: US92343VEP58

    Common Code: 182168670

    Floating Rate Notes due 2025 (the “Notes”)

    $487,396,000

    The redemption price for the Notes will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the Redemption Date.

    Questions relating to the notice of redemption and related materials should be directed to the paying agent: U.S. Bank Trust Company, National Association, Attn: Corporate Trust Services, 111 Fillmore Ave E, St. Paul, MN 55107, or via telephone at 1-800-934-6802.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Galaxy S25 Series Arrives Locally

    Source: Samsung

    Samsung Electronics Co., Ltd. has announced the local availability of the new Galaxy S25 series. Together with One UI 7, Gemini is officially available at launch in 46 languages,1 making it easier than ever to perform seamless interactions across Samsung and Google apps.

    “The Galaxy S25 series is a fundamental shift in how we interact with our phones,” said TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics. “We are thrilled to see how our users will enjoy this true AI companion that offers seamless and intuitive solutions in their daily lives.”
     
    On the Galaxy S25 series, AI agents with multimodal capabilities are integrated within the One UI 72 platform to perform complex tasks seamlessly across apps and enable natural user interactions through speech, text, videos and images. Now Brief3 provides tailored suggestions to guide through the day and Now Bar4 offers a new hub for ongoing activities. From enhanced productivity with Writing Assist to limitless creativity unleashed by Drawing Assist,5 the expanded capabilities of  Galaxy AI6 continue to empower users in every aspect of their daily lives.
     
    Interactions with the Galaxy S25 series are also more intuitive. With just a single command, Gemini7 can effortlessly find a user’s favourite sports team’s schedule and add it to Samsung Calendar. Additionally, Google’s enhanced Circle to Search8 now gives users more helpful information with AI Overviews and one-tap actions.

    The Galaxy S25 series further refines and enhances the core capabilities that define the Galaxy experience. Powering the Galaxy S25 series globally, the Snapdragon® 8 Elite Mobile Platform for Galaxy fuels on-device processing for more responsive AI experiences. With unique customisations for Galaxy, including ProScaler9 and Samsung’s mobile Digital Natural Image engine (mDNIe), the Galaxy S25 series boasts enhanced AI image processing and display power efficiency. The newly introduced 50MP ultrawide camera sensor for the Galaxy S25 Ultra delivers epic shots from every range in exceptional clarity, while professional grade controls like Virtual Aperture and Samsung Log turn any photo or video into the ultimate visual experience.
     
    The Galaxy S25 series is the industry’s first smartphone lineup to support Content Credentials, based on the open technical standard from the Coalition for Content Provenance and Authenticity (C2PA). Samsung has also joined the C2PA as a member, alongside industry leaders including Adobe, Microsoft, OpenAI, Google, Publicis Groupe and more, all collaborating to establish Content Credentials as the universal standard for digital content provenance. In line with its commitment to responsible mobile AI innovation, Samsung adopted this standard to enhance transparency for content created and edited with generative AI.
     
    Starting February 14, the Galaxy S25 series will be widely available through carriers and retailers and on Samsung websites. Galaxy S25 Ultra is available in Titanium Silverblue, Titanium Black, Titanium Whitesilver and Titanium Gray. Galaxy S25 and Galaxy S25+ come in Navy, Silver Shadow, Icyblue and Mint.
     
    All Galaxy S25 devices will come with six months of Gemini Advanced and 2TB of cloud storage at no extra cost. Gemini Advanced comes with Samsung’s most capable AI models and priority access to the newest features like Gems, custom AI experts for any topic, and Deep Research, which acts as a personal AI research assistant.
     
    1 Supported languages include Arabic, Bengali, Bulgarian, Chinese (Simplified / Traditional), Croatian, Czech, Danish, Dutch, English, Estonian, Farsi, Finnish, French, German, Greek, Gujarati, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Kannada, Korean, Latvian, Lithuanian, Malayalam, Marathi, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swahili, Swedish, Tamil, Telugu, Thai, Turkish, Ukrainian, Urdu and Vietnamese.
    2The official One UI 7 release will commence with the latest Galaxy S series devices. The update is expected to gradually roll out to other Galaxy devices.
    3 Now Brief feature requires Samsung Account login. Service availability may vary by country, language, device model, or apps. Some features may require a network connection.
    4 Availability of functions supported within the apps may vary by country. Some functional widgets may require a network connection and/or Samsung Account login.
    5 Drawing Assist feature requires a network connection and Samsung Account login. A visible watermark is overlaid on the image output upon saving in order to indicate that the image is generated by AI. The accuracy and reliability of the generated output is not guaranteed.
    6 Samsung Account login may be required to use certain Samsung AI features. Samsung does not make any promises, assurances or guarantees as to the accuracy, completeness or reliability of the output provided by AI features. Availability of Galaxy AI features may vary depending on the region/country, OS/One UI version, device model and phone carrier. Some function availability may vary by device model. Galaxy AI service may be limited for minors in certain regions with age restrictions over AI usage. Galaxy AI features will be provided for free until the end of 2025 on supported Samsung Galaxy devices. Different terms may apply for AI features provided by third parties.
    7 Gemini Extensions feature availability varies based on content. Internet connection, Android device, and set up required. Language availability varies. Results for illustrative purposes and may vary. Check responses for accuracy.
    8 Sequences shortened and simulated. Results for illustrative purposes only. Service availability may vary by country, language, or device model. Requires internet connection. Users may need to update Android and Google app to the latest version. Results may vary depending on visual or audio matches. Accuracy of results is not guaranteed. Works on compatible apps and surfaces, and with ambient music only. Will not identify music coming through headphones or if phone volume is off.
    9 ProScaler feature is supported on Galaxy S25+ and Ultra models. Image quality can be enhanced up to QHD+, depending on the screen resolution setting of the device.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Galaxy Studio Makes its debut in Menlyn, Tshwane

    Source: Samsung

    Samsung is set to elevate the shopping experience at Menlyn Shopping Centre with the opening of its latest Galaxy Studio on 14 February until 2 March 2025. Exciting and interactive, Galaxy Studio will give visitors a chance to experience Samsung Galaxy devices, including the recently unveiled Galaxy S25 Series which boasts advanced AI capabilities designed to open possibilities and seamlessly integrate into daily life.
     
    “With its rich history, cultural diversity, and natural wonders, Tshwane, is a city that leaves a lasting impression. Galaxy Studio has grown over the years with every flagship launch in cities around the country including Cape Town, Durban and Johannesburg. We are excited to bring Galaxy Studio to Tshwane and showcase innovative features of the latest Galaxy S25 and highlighting Samsung’s cutting-edge technology. We hope attendees will have a memorable experience at the very first Galaxy Studio in Tshwane,” says Kgomotso Mosiane, Head of Marketing: Mobile eXperience at Samsung.
     
    The Galaxy Studio offers a unique experience which includes an exclusive tour, live demonstrations and an up-close look at the first human-like AI companion. Studio has something for everyone and is a ‘must attend’ if you like to explore cutting-edge technology, are curious about smart and personalised AI enhancements that open you to a world of infinite [creative and productive] possibilities, or even if you are just thinking about your next device upgrade. PLUS, you can accumulate stamps at every stop of the tour to stand a chance to score BIG in limited giveaways.
     

     
    What’s a galaxy without the stars? As part of the Galaxy Studio experience, attendees can look forward to some of SA’s hottest names making waves at Galaxy Studio with whom they can enjoy the studio experience.
     
    Touted the most intuitive mobile AI device, the Galaxy S25 Series redefines how we interact with the world in the most natural experience – almost as if you were communicating with a friend. Powered with the all-new One UI 7, the Samsung latest flagship offering can understand the context of everything on your screen – from voice, images, etc.– to anticipating your needs and prompting next-step suggestions. Receive tailored actionable insights and suggestions based on your habits – generated-on-device – to make your day seamless from start to finish with Now Brief. See the information you need most, quickly and easily from your lock screens with Now Bar.
     
    Galaxy Studio is Samsung’s invitation to all to come and experience the way users can interact with their phone – and their world through the world of Galaxy. Come and experience how AI can transform your every day and moments so you can Live More. Do Less.
     
    Admission is free.
     
    For more information and updates, follow Samsung South Africa on social media – @SamsungmobileSA (X, Instagram), Samsung South Africa (Facebook).

    MIL OSI Economics

  • MIL-OSI Economics: Love Meets Art and Sound this Valentine’s Day with the Samsung Music Frame

    Source: Samsung

     

     
    This Valentine’s Day, give a gift that speaks to the heart, puts a spring in your partner’s step and music to their ears. The Samsung Music Frame allows you to blend visual memories with the soundtrack of your love story, while creating a modern, minimalistic and stylish aesthetic that fits your space.
     
    With so many fleeting moments, the Samsung Music Frame lets you capture and preserve the emotions that matter most. Whether it’s the laughter shared on a summer trip or the magic of your wedding day, the Music Frame is a meaningful addition to your shared space, making moments together even more memorable. With its customisable artwork paired with a personal soundtrack, it’s the perfect way to celebrate your love and your journey together.
     
    A Gift that Speaks to the Heart
    The Samsung Music Frame has a sleek, modern design and it’s customisable, allowing you to display a photo or message for a sentimental touch. Perhaps it’s a candid picture from a spontaneous date, or a photograph that brings back the joy of your first vacation together. Whatever the moment, the Music Frame smart speaker transforms it into a beautiful work of art.
     
    But it doesn’t stop there. The true magic of the Music Frame lies in its ability to combine the senses with visual art and the power of music. You can seamlessly integrate your partner’s favourite songs or curate a personal playlist of your shared love songs.
     
    Perfect Aesthetic for Every Room
    With its elegant design and sophisticated modern aesthetic, the Music Frame effortlessly blends into any home. Whether placed in the living room, bedroom, or study, it enhances your shared space, creating an aesthetic that’s perfect for you. Beyond the beauty of its design and functionality, the frame speaks to the effort, care, and thoughtfulness that goes into a meaningful Valentine’s Day gift – show your loved ones how special they are to you.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung’s Blue Tag Sale: Create the Ultimate Convenience in Your Home with Innovative Appliances

    Source: Samsung

     

     
    Samsung is making it easier than ever to upgrade your home with its Blue Tag Sale, offering unbeatable discounts on a wide range of home appliances designed to enhance convenience, energy efficiency, and overall home organisation. With Samsung’s innovative technology, you can create a seamlessly connected living space, save time, and reduce energy consumption[1], all while enjoying the ease and functionality of your appliances.
     
    Maximise Efficiency and Convenience with Samsung Home Appliances
    Samsung’s state-of-the-art home appliances are crafted to simplify your daily routines, helping you create the ultimate convenient and efficient home. Whether it’s managing your kitchen remotely or using eco-friendly features to reduce energy consumption, Samsung’s smart and stylish appliances are built to meet the demands of modern living.
     
    From smart fridges keep track your groceries, create shopping lists, and receive expiration alerts, all from your smartphone, ensuring you never run out of essentials. Samsung’s Blue Tag Sale offers incredible savings on products designed to improve the functionality and efficiency of your home.

     
    Samsung Fridges: Smart, Stylish, and Efficient
    Samsung’s range of fridges is engineered to meet the needs of today’s dynamic households. Featuring FlexZone technology, these fridges allow you to adjust the temperature of specific areas, making it easier to store different types of food while maximising space.
     
    Side by Side Fridge, Plumbed Water & Ice Dispenser, Gentle Silver, 617L (RS65DG54R3S9FA) – Now R28,999* (Save R2,200). With SpaceMax technology, this fridge offers more storage while maintaining a sleek, space-efficient exterior.
    Side by Side Fridge, Non-Plumbed Water Dispenser, Gentle black Matt, 560 L (RS57DG4100B4FA) – Now R19,999* (Save R4,000). Store plenty of food in the spacious 560 litre interior.

     

     
    Samsung Washing Machines: Energy-Efficient Cleaning for a Sustainable Home
    Samsung’s washing machines combine smart technology with energy-saving[2] features to provide powerful, eco-friendly cleaning. With EcoBubble technology, washing at lower temperatures helps reduce energy use without compromising on wash performance. Meanwhile, Digital Inverter Technology ensures quieter operation, increased durability, and long-term energy savings.
     
    [1]In SmartThings Energy Services, selecting “Maximum savings mode” for AI Energy Mode’s “Set monthly target usage” will only work for some courses and is only supported by SmartThings. Energy savings in AI Energy Mode may vary depending on the conditions set by the user in each mode.
    [2]For energy saving: Tested in accordance with IEC 60456-2010 / 4kg Wash Load / Super Eco Wash cold (WF80F5E5U4W) vs. Cotton 40°C without Ecobubble (WF0702WKU). Individual results may vary.
     
    Offers available at participating Retailers and Online Stores. T&Cs apply.

    MIL OSI Economics

  • MIL-OSI Economics: Global Trade Outlook 2025: Industry Insights

    Source: International Chamber of Commerce

    Headline: Global Trade Outlook 2025: Industry Insights

    What are businesses saying about trade policy?

    Our recent industry consultations and roundtables reveal pressing concerns from the global business community:

    • Businesses of all sizes emphasize that policy uncertainty is their greatest challenge for planning investments, managing supply chains and creating jobs
    • Companies report that costly adaptations to trade restrictions are affecting innovation and profitability while providing no guaranteed protection against major disruptions
    • Supply chain resilience efforts face practical constraints, including skilled worker shortages and limited supplier availability

    What does business say is fundamental?

    The following key priorities emerged from our consultations and roundtables:

    • Active business participation in trade policy discussions to ensure industry perspectives are heard
    • A strong rules-based trading system anchored in a fully functioning World Trade Organization (WTO)
    • Stability and predictability for making informed long-term business decisions

    How can we strengthen the trading system?

    ICC calls for three concrete actions:

    Governments should pursue complementary dialogue through plurilateral initiatives that can deliver tangible benefits.

    WTO member states should reinvigorate multilateral trade talks by identifying practical areas where grand bargains could be secured to address major trade frictions.

    Stakeholders should work to enhance negotiation mechanisms that can effectively address emerging trade challenges.

    Download the full policy brief for more insights from our business consultations.

    Connect with our trade experts to share your perspectives or learn more about ICC’s trade initiatives:

    Valerie Picard, Head of Trade

    Mélanie Laloum, Lead Economist

    Related publications

    MIL OSI Economics

  • MIL-OSI Economics: Thales Alenia Space and ESA sign contract for HydRON to demonstrate first multi-orbit optical communication network

    Source: Thales Group

    Headline: Thales Alenia Space and ESA sign contract for HydRON to demonstrate first multi-orbit optical communication network

    • Thales Alenia Space will develop the world’s first all-optical, multi-orbit optical space communication network
    • ESA’s HydRON project will meet the challenge of bringing connectivity to multiple users to showcase the capabilities of optical communication technology
    • The company will leverage its expertise to contribute to Europe’s technological independence in connectivity services through space.

    Cannes, February 14, 2025 – Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), has signed a contract with the European Space Agency (ESA) for Element #2 of the HydRON (High-thRoughput Optical space Network) Demonstration System (DS) for the design, development, deployment and in-orbit demonstration of a full end-to-end optical system to verify and validate the world’s first all-optical, high-data-rate, multi-orbit transport network in space.

    HydRON is set to transform the way data-collecting satellites communicate, using laser technology that will allow satellites to connect with each other and ground networks much faster.By enabling rapid, high-capacity connections between satellites and ground networks, HydRON will significantly enhance our ability to collect and utilize data from space.

    HydRON optical communication for broadband in space ©ESA

    The project will be conducted with the support of the various space agencies involved in this exciting challenge: the Italian Space Agency (ASI), the German Aerospace Center (DLR), the Polish Space Agency (POLSA), the Romanian Space Agency (ROSA), Enterprise Ireland (EI) and the Swiss Space Agency (SSO). Other agencies are expected to join during the project to expand the mission’s objectives. HydRON forms part of ESA’s Optical and Quantum Communications – ScyLight programme within the Connectivity and Secure Communications directorate.

    “I am really pleased Thales Alenia Space will be contributing to Europe’s technological independence in connectivity services through space,” said Giampiero Di Paolo, Deputy CEO and Senior Vice President, Observation, Exploration and Navigation at Thales Alenia Space. “Thales Alenia Space believes HydRON Demonstration System is the key enabler for the reliability and operability of a high-throughput optical network in space, paving the way for the future of commercial optical communications in Europe and globally.” 

    “It was an honour to sign this contract with Thales Alenia Space, which moves us closer to establishing Europe’s first optical communication network in space,” said Laurent Jaffart, ESA’s Director of Connectivity and Secure Communications. “HydRON is set to maintain Europe and Canada as global leaders in the optical domain. With the system being interoperable, HydRON will ensure we continue to grow ESA’s cooperation with our international partners.”

    Thales Alenia Space’s role in HydRON-DS project

    Thales Alenia Space, with its long track record in telecommunication networks and expertise in the production of optical terminals for space, developed in Zurich, has already coordinated a working group involving Telespazio, a joint venture between Leonardo (67%) and Thales (33%), responsible for the ground segment, and other Italian and European companies for Phase A/B1 of the HydRON-DS project. This work was completed at the end of the 2023.

    Today, Thales Alenia Space in Italy is ready to lead a European industry consortium for building the HydRON-DS Element #2 mission partition, including the space segment (LEO collector satellite and GEO optical payload) and ground segment (two optical ground stations, mission and network control center and satellite control center).

    The project will develop and validate two concepts:

    • Fiber in the Sky: multi-orbit optical telecommunications at high data rates between space and ground assets.
    • Internet beyond the Clouds: innovative onboard routing techniques at high throughput (> 100 Gbps) to build an optical space transport network seamlessly integrated with terrestrial fiber-based networks.

    The project includes up to two years of in-orbit demonstration to assess the capabilities of key technologies for optical communications and concepts of operations for the network architecture. It will also provide a service demonstration for potential demo users.

    About ESA’s Optical and Quantum Communications – ScyLight programme 

    The European Space Agency (ESA) is Europe’s gateway to space, coordinating the financial and intellectual resources of its Member States to conduct space programmes and activities. Part of Advanced Research in Telecommunications Systems (ARTES), the Optical and Quantum Communications – ScyLight programme focuses on advancing optical and quantum technologies to revolutionise satellite communications. ScyLight supports the research, development and utilisation of these technologies, for instance through the HydRON project for seamlessly integrating space assets into terrestrial communication networks. ESA is enabling future quantum communication networks with ultra-secure global connectivity by advancing space-based quantum key distribution and maturing technologies already available today. 

    Through supporting industry to develop and extend its manufacturing capabilities, ScyLight helps prepare European and Canadian industry stakeholders to seize related market opportunities. 

    Learn more at https://connectivity.esa.int/optical-and-quantum-communications 

    ABOUT THALES ALENIA SPACE

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources, and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services. Thales Alenia Space posted consolidated revenues of approximately €2.2 billion in 2023 and has around 8,600 employees in 8 countries with 16 sites in Europe.

    MIL OSI Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on Ujjivan Small Finance Bank Limited

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated February 10, 2025, imposed a monetary penalty of ₹6.70 lakh (Rupees Six Lakh Seventy Thousand only) on Ujjivan Small Finance Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

    The statutory Inspection for Supervisory Evaluation (ISE 2023) of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the bank’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI found that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank failed to issue loan agreements to certain borrowers at the time of sanction / disbursement of loans.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2171

    MIL OSI Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on The Nainital Bank Limited

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated February 12, 2025, imposed a monetary penalty of ₹61.40 lakh (Rupees Sixty One Lakh Forty Thousand only) on The Nainital Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Advances’ and ‘Customer Service in Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

    The statutory Inspection for Supervisory Evaluation (ISE 2023) of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the bank’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    1. The bank did not benchmark certain floating rate loans extended to MSMEs to an external benchmark rate; and

    2. The bank levied penal charges for non-maintenance of minimum balance in savings bank accounts at flat rates instead of the charges being directly proportionate to the extent of shortfall.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2172

    MIL OSI Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on Shriram Finance Limited

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated February 10, 2025, imposed a monetary penalty of ₹5.80 lakh (Rupees Five Lakh Eighty Thousand only) on Shriram Finance Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, ‘Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ and directions on ‘Data Format for Furnishing of Credit Information to Credit Information Companies’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934, and Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005

    The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the company’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the company were sustained, warranting imposition of monetary penalty:

    1. The company failed to put in place a system of periodic review of risk categorisation of accounts;

    2. The company did not ensure that its agreements with certain Direct Sales Agents had a clause regarding the RBI’s right to inspect books and accounts of service providers; and

    3. The company failed to share information about the Relationship Segment of the corporates to the Credit Information Companies, during the financial year 2022-23.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2173

    MIL OSI Economics

  • MIL-OSI Economics: RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF on February 17, 2025

    Source: Reserve Bank of India

    On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 17, 2025, Monday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor (day) Window Timing Date of Reversal
    1 75,000 4 11:00 AM to 11:30 AM February 21, 2025
    (Friday)

    2. Standalone Primary Dealers will be allowed to participate in this auction, along with other eligible participants.

    3. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2169

    MIL OSI Economics

  • MIL-OSI Economics: Fannie Mae Reports Net Income of $17.0 Billion for 2024 and $4.1 Billion for Fourth Quarter 2024

    Source: Fannie Mae

    WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today reported its fourth quarter and full-year 2024 financial results and filed its 2024 Form 10-K with the Securities and Exchange Commission. The filing provides consolidated financial statements for the year ended December 31, 2024. The following documents are now available on Fannie Mae’s website at www.fanniemae.com.

    Fannie Mae has scheduled a conference call to discuss the company’s results today at 8:00 a.m., ET. Participants may join the conference call in listen-only mode via the webcast link below.

    Listen-only webcast:
    https://event.webcasts.com/starthere.jsp?ei=1704775&tp_key=159ba11bd8 
    Click on the link above to attend the presentation from your laptop, tablet, or mobile device. Audio will stream through your selected device. If you have difficulty accessing the webcast, please click the “Listen by Phone” button on the webcast player and dial the number provided.

    MIL OSI Economics

  • MIL-OSI Economics: Global ecommerce market poised to hit $11 trillion in 2028 amid tech innovation and ESG focus, says GlobalData

    Source: GlobalData

    Global ecommerce market poised to hit $11 trillion in 2028 amid tech innovation and ESG focus, says GlobalData

    Posted in Strategic Intelligence

    The global ecommerce market is on a trajectory of rapid expansion, set to reach $11 trillion in 2028, driven by technological advancements, seamless delivery services, and rising internet penetration. With China and the US dominating the landscape, companies must continuously innovate to meet evolving consumer expectations, embrace ESG compliance, and leverage data-driven strategies to maintain competitiveness in an increasingly dynamic sector, says GlobalData, a leading data and analytics company.

    GlobalData’s latest Strategic Intelligence report, “Ecommerce,” reveals that the global value of transactions for the ecommerce market  is set to grow at a compound annual growth rate (CAGR) of 11.1% between 2023 and 2028, driven by improved technology and delivery services and wider internet adoption.

    Aisha U-K Umaru, Strategic Intelligence Analyst at GlobalData, comments: “The global ecommerce industry is dominated by China and the US, with market shares in 2023 of 33% and 30%, respectively. These countries are home to some of the world’s biggest tech companies, including Alibaba and Amazon, which benefit from the huge troves of data generated by user activity on their platforms.”

    Subscription-based services are a growing ecommerce segment. Beauty brands like Estrid and Harry’s started with subscription services and have enjoyed great success. Both are now available in physical stores, further boosting sales. Harry’s filed for an IPO in March 2024 after reaching nearly $1 billion in revenue. However, some subscription services have struggled after a rapid rise. Once valued at almost $2 billion, meal-kit subscription service Blue Apron was bought for about $100 million by food delivery company Wonder in 2023.

    Umaru continues: “Consumers are also concerned with the social and governance factors of ESG. As a result, it remains high on the agenda for ecommerce companies, both to comply with relevant regulations and to meet consumer demands. ESG regulations such as the EU taxonomy for sustainable activities are also a method of clamping down on greenwashing, the practice of inflating a company’s ESG performance for marketing purposes.”

    Other terms such as carbon neutral, green, and environmentally friendly are being regulated, and ecommerce companies must ensure they comply with relevant guidelines to mitigate the risk of litigation.

    Umaru conlcudes: “Initiatives like the Fifteen Percent Pledge, which urges US retailers to allocate at least 15% of their shelf space to Black-owned businesses, highlight the increasing emphasis on social equity within the ecommerce sector. Additionally, issues such as supply chain transparency and diversity remain critical, as brands strive to align with the evolving ESG priorities of Gen Z and Millennial consumers.”

    MIL OSI Economics

  • MIL-OSI Economics: APAC deal activity down by 10.2% YoY in January 2025, says GlobalData

    Source: GlobalData

    The total number of deals announced in the Asia-Pacific (APAC) region fell by 10.2% year-on-year (YoY) in January 2025, with a decline in volume experienced across all the deal types under coverage (comprising mergers & acquisitions (M&A), private equity and venture financing deals), according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database revealed that the total number of deals announced in the APAC region decreased from 1,189 in January 2024 to 1,068 in January 2025. When looking at the breakdown by deal type, the number of M&A deals decreased by 7.8% during January 2025 compared to the same period in the previous year, whereas the volumes of private equity and venture financing deals were down by 4.8% and 12.3% YoY, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “When looking at the breakdown by key markets, there was a notable variation in deal volumes. Countries like China, South Korea and Australia saw significant decreases in deal volume, whereas there were also some bright spots in certain key markets like India and Japan, which saw improvement in deal activity during this period.”

    China, the largest market in the region by number of deals, saw a significant decline of 30.4% in deal volume in January 2025 compared to January 2024. South Korea and Australia also experienced notable decreases in deal volume, with respective YoY declines of 28.3% and 17.3%. On the other hand, countries like India and Japan saw their respective deal volume improving by 27.3% and 35% YoY during January 2025.

    Bose adds: “The mixed trend across different APAC markets underscores the diverse nature of deal-making activity in the region. The overall decline could be reflective of broader economic challenges and uncertainties in the region. However, the growth in certain key markets like India and Japan indicates pockets of opportunities as well.”

    MIL OSI Economics

  • MIL-OSI Economics: Duchenne muscular dystrophy market to reach $5.2 billion in 7MM by 2033, forecasts GlobalData

    Source: GlobalData

    Duchenne muscular dystrophy market to reach $5.2 billion in 7MM by 2033, forecasts GlobalData

    Posted in Pharma

    The Duchenne muscular dystrophy (DMD) market across the seven major markets (7MM*) is set to grow from $2.3 billion in 2023 to $5.2 billion in 2033, driven by the recent approvals of innovative therapies such as Sarepta Therapeutics and Roche’s Elevidys (delandistrogene moxeparvovec), and Santhera Pharmaceuticals’ Agamree (vamorolone), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Duchenne Muscular Dystrophy Market Opportunity Assessment, Epidemiology, Clinical Trials, Unmet Needs and Forecast to 2033,”  reveals that a substantial portion of this market growth is attributed to the treatment of ambulatory DMD patients. Exon-skipping therapies currently dominate the DMD therapeutic landscape, generating approximately $1.0 billion in sales in the 7MM in 2023.

    Notably, the sales are derived solely from the US and Japan markets, as exon-skipping therapies have yet to receive regulatory approval in the European Union (EU). Should these therapies gain EU approval by 2033, GlobalData forecasts their contribution to rise to $1.8 billion across the 7MM, a significant market share partly driven by the high annual cost of therapy, which exceeds $1.0 million in the US.

    Asiyah Nawab, Healthcare Analyst at GlobalData, comments: “The DMD treatment landscape is evolving with the emergence of novel therapies such as exon-skipping and gene therapies. However, gene therapies in particular, compared to exon-skipping, will have less of an impact due to the small patient share eligible for treatment, in addition to the high cost of these medicines limiting patient’s access. By 2033, GlobalData forecasts gene therapies to contribute $821 million to the DMD market, a lower figure relative to exon-skipping therapies.”

    The US is set to remain the dominant market for DMD, accounting for 84.8% of total market share in 2023. This is driven by its rapid adoption of advanced therapies, strong regulatory support, and significant investment in DMD research and treatment.

    Regulatory developments have also shaped the market, with Translarna (ataluren) facing challenges in Europe. The European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has confirmed its recommendation not to renew the conditional marketing authorization for Translarna, citing unconfirmed effectiveness in treating DMD. However, in the US, PTC Therapeutics has resubmitted its New Drug Application (NDA) for Translarna, which the FDA has accepted for review. If approved, Translarna is projected to generate $185 million in US sales alone.

    Nawab continues: “Despite advancements, unmet needs remain a critical concern, particularly for non-ambulatory patients. While recent approvals have expanded treatment options for ambulatory individuals, therapeutic availability for non-ambulatory patients remains a key challenge. Many emerging therapies, including exon-skipping and gene therapies, primarily target early-stage or ambulatory patients, leaving a significant gap for those with advanced disease. This, coupled with high treatment costs and regulatory hurdles, underscores the urgent need for more accessible and effective therapies for later-stage DMD patients.”

    Corticosteroids remain the cornerstone of DMD management and will continue to play a crucial role despite the emergence of novel therapies.

    Nawab concludes: “Steroids will always be the standard of care for DMD, offering a cost-effective treatment option with proven efficacy. However, the anticipated expansion of exon-skipping and gene therapies will provide additional options for patients, particularly if they receive broader regulatory approval in key markets.”

    *7MM: The US, France, Germany, Italy, Spain, the UK, and Japan

    MIL OSI Economics

  • MIL-OSI Economics: Samsung KX Welcomes Secretary of State for Business and Trade to Host the Industrial Strategy Advisory Council

    Source: Samsung

    LONDON, U.K. – February 14, 2025 – Samsung KX welcomed the Secretary of State for Business and Trade, Jonathan Reynolds MP to host the Industrial Strategy Advisory Council.
     

     
    Secretary of State for Business and Trade, Jonathan Reynolds MP, met with Aleyne Johnson, Director of Government and External Relations at Samsung Electronics UK, to reinforce the strong and positive relationship between the UK and Samsung. The Secretary of State, responsible for overseeing the UK’s business and trade policies, toured Samsung KX, engaging with key innovative products such as our latest Samsung Galaxy S25 Ultra, The Frame Pro TV and smart home appliances.
     

     
    Speaking on Samsung in his speech, Secretary of State for Business and Trade, Jonathan Reynolds MP, said, “Samsung is a company synonymous with the best in cutting-edge design and innovation, and much of it is on full display here within these four walls. It is a fitting venue to discuss this government’s ambition to go further and faster in our growth mission.”
     
    Samsung KX, located in Coal Drops Yard, King’s Cross, London, is an experience space where visitors can explore the latest developments in culture and innovation powered by Samsung technology. The space offers an immersive brand experience, inviting guests to discover, interact with, and develop new skills in a dynamic environment.
     
    Aleyne Johnson, Director of Government and External Relations, Samsung UK, commented: “We were delighted to host the Secretary of State, Ministers and a number of other businesses at Samsung KX, our flagship retail space to discuss the Industrial Strategy. As a global tech company with its European HQ in the UK we continue to support the Government’s efforts to encourage growth and the positive use of technology.”
     
     

     
     
    About Samsung KX
    #SamsungKX is a 20,000 sq. ft experience space located in the heart of London’s Coal Drops Yard. This hub of innovation brings together culture, community and cutting-edge technology in a dynamic environment alongside local partners. Samsung KX represents the future of retail, designed to give guests the ultimate immersive brand experience where they can discover, be inspired and learn through a range of stimulating events, workshops and performances in both physical and virtual formats. What’s more, guests are rewarded with every purchase thanks to the unique KXtras programme as well as Click & Collect, the first of the brand’s UK retail spaces to offer the service on selected devices. For further information visit:  www.samsung.com/uk/kx
    About Samsung Electronics Co., Ltd.
    Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at https://news.samsung.com/uk/
     
    About Coal Drops Yard
    Coal Drops Yard is a new shopping and restaurant district in London’s King’s Cross. Coal Drops Yard was originally established in 1850 to handle the eight million tonnes of coal delivered to the capital each year and was latterly the location of nightclubs Bagley’s and The Cross. The area reopened in October 2018, reinvented by the acclaimed Heatherwick Studio, which has interwoven a contemporary design with the surviving structures and rich ironwork of the original Victorian coal drops. Located within a reimagined set of historic buildings and arches directly adjacent to Granary Square and Regent’s Canal, Coal Drops Yard houses over fifty stores from a unique mix of established and emerging brands, along with cafés, bars, top independent restaurants and new public spaces. www.coaldropsyard.com @coaldropsyard
     

    MIL OSI Economics

  • MIL-OSI Economics: Capacity Building for Saline Agriculture in the Mekong Delta—Innovation in Focus: Salt Farming

    Source: Asia Development Bank

    The case study explains how ADB is working with the Netherlands Trust Fund through the Water Financing Partnership Facility to tackle saline intrusion, which is driven by climate change and rising sea-levels. It details how the project promotes interactive learning and shows farmers why better soil management, crop selection, and shifting to systems such as hydroponics could improve the long-term agricultural potential of saline-affected areas.

    MIL OSI Economics

  • MIL-OSI Economics: Committee of Permanent Representatives to ASEAN, Deputy Secretary-General of ASEAN meet with Minister of International Development of Canada

    Source: ASEAN – Association of SouthEast Asian Nations

    The Committee of Permanent Representatives to ASEAN (CPR) and Deputy Secretary-General of ASEAN for Community and Corporate Affairs met today with Minister of International Development of Canada, Ahmed Hussen. They exchanged views on ways to broaden and deepen the ASEAN-Canada Strategic Partnership as well as discussed the future direction of ASEAN-Canada cooperation in the coming years.

    The post Committee of Permanent Representatives to ASEAN, Deputy Secretary-General of ASEAN meet with Minister of International Development of Canada appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Identity fraud: BaFin warns consumers about the company Zinsverwalter

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Zinsverwalter and the services it is offering. BaFin suspects the unknown operators of the websites zinsverwalter.de and zinsverwalter.com of offering consumers financial, investment and cryptoasset services without the required authorisation. These offers are not provided by WALTER Investment-Vermittlungs GmbH, Stuttgart, which has no connection to the aforementioned websites. This is a case of identity fraud.

    The unknown operators are contacting consumers, claiming that their offer is from WALTER Investment-Vermittlungs GmbH. In addition, when advertising its services, the company claims to be supervised by BaFin. However, none of this information is correct. This is a case of identity fraud. Moreover, BaFin does not supervise WALTER Investment-Vermittlungs GmbH.

    Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.

    BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics

  • MIL-OSI Economics: [Real Quantum Dot Guide] Samsung’s Innovations Redefine Picture Quality Standards

    Source: Samsung

    Quantum dots have attracted attention as next-generation material for a wide range of applications including displays, medical devices and solar cells. In 2014, Samsung Electronics developed the world’s first no-cadmium quantum dot material and successfully commercialized quantum dot technology with its SUHD TVs. Since 2017, the company has continued to build on its legacy of quantum dot mastery through QLED — its own quantum dot TV series. Samsung Newsroom explored how quantum dots are taking Samsung displays to the next level.

     
     
    Quantum Dots: The Next Generation of Display Innovation
    Quantum dots are ultra-fine semiconductor particles that are tens of thousands of times thinner than a human hair. Since inception, their physical characteristics that allow them to provide the highest level of color accuracy and brightness among existing materials had them positioned to revolutionize display technology.
     
    When used in displays, quantum dots support a wide color gamut that closely matches colors perceived by the human eye and facilitate pixel-level light adjustment for more accurate black levels. Emitting light in all directions, quantum dots deliver uniform luminance and consistent color from any viewing angle while minimizing blue light exposure for a more comfortable viewing experience.
     
    ▲ SUHD TVs at CES 2015
     
     
    What Sets Quantum Dot TVs Apart: Content, Film Quality and No-Cadmium Technology
    The TV industry continues research and development into the commercialization of quantum dots as the material becomes a game-changer in display technology. For that reason, a variety of quantum dot TVs have hit the market recently — offering a wide range of options to customers.
     
    However, key differences in quantum dot TVs lie in how the technology is implemented and the overall quality of the display. To ensure a premium viewing experience, factors such as the amount of quantum dot content, the quality of quantum dot film and the use of no-cadmium materials must be considered.
     
    ▲ Factors to consider when selecting a high-quality quantum dot TV
     
     
    Quantum Dot Content
    The true quality of a quantum dot TV is defined by its quantum dot content. The quantum dot layer requires a minimum of 30 parts per million (ppm) of the material to achieve the vivid, rich picture quality and color expression that only quantum dots can deliver.
     
     
    Quantum Dot Film
    Quantum dot displays have a simpler and more efficient structure compared to LCDs. Samsung QLEDs eliminate the need for a phosphor layer, enhancing light and energy efficiency while delivering more vivid colors. A quantum dot OLED (QD-OLED), which consists of a thin-film transistor (TFT) layer,1 a self-emitting light source and a quantum dot film that uses the light emitted from the light source, takes a step further enhancing picture quality. In either case, a dedicated quantum dot film that contains sufficient quantum dots is key in delivering top-class picture quality and longevity.
     
    ▲ A comparison of QD-OLED and LCD displays
     
     
    No Cadmium
    In the early stages of developing quantum dot TVs, cadmium was essential to achieving the key benefits of quantum dots such as color reproduction and contrast ratio. At the time, cadmium was considered the most efficient material for producing quantum dots.
     
    However, cadmium’s toxicity became a significant obstacle to the commercialization of quantum dot technology. The element posed serious threats to the environment — making its widespread use difficult despite being the most suitable material for implementing quantum dot technology.
     
    In response to this challenge, Samsung developed the world’s first no-cadmium quantum dot material in 2014 and successfully commercialized quantum dot technology with its SUHD TVs in the following year to open a new era of quantum dot TVs.
     
     
    10 Years of Quantum Dot Innovation and Leadership
    Samsung has quickly recognized the potential of quantum dot technology and led innovation in the global display market over the past decade through continuous research and investment.
     
    ▲ A timeline of Samsung’s quantum dot technology development from 2001 to 2022
     
    Samsung began researching and developing quantum dot technology in 2001 — at a time when there was limited research on non-cadmium materials. Achieving vivid colors required making the nano-sized particles uniform, but the lack of technology and research made mass production extremely challenging.
     
    Despite these obstacles, Samsung succeeded in creating a no-cadmium nanocrystal material in 2014. Since then, the company has accumulated extensive expertise — registering more than 150 patents — and continuously worked on advancing the technology. Samsung’s long-standing commitment culminated in 2015 when the company unveiled the world’s first SUHD TVs with no-cadmium quantum dot technology.
     
    ▲ QLED TVs (75Q8C and 88Q8F) at Samsung’s First Look 2017 event during CES 2017
     
    Samsung’s QLED lineup was revealed in 2017, setting a new standard for premium TVs that overcame the limitations of OLED TVs. By applying metal quantum dot technology, Samsung achieved the Digital Cinema Initiative’s color standard DCI-P3 and achieved 100% color volume for the first time in the world — thereby presenting unparalleled color expression. Notably, the use of inorganic quantum dot technology protected the screens from burn-in2 to ensure consistent picture quality over time.
     
    ▲ (From left to right) Kwang-Hee Kim, Dr. Taehyung Kim, Dr, Eunjoo Jang, Sungwoo Kim and Seon-Myeong Choi from Samsung Advanced Institute of Technology
     
    Following its success in developing a red light-emitting element for displays in 2019, the company enhanced the luminous efficiency of blue self-emitting QLEDs — considered the most challenging to implement among the three primary QLED colors3 — to an industry-leading 20.2%.
     
    “Discovering a blue material for self-emitting QLEDs and demonstrating industry-leading performance at the device level were significant achievements of this research,” said Dr. Eunjoo Chang, a fellow at Samsung Advanced Institute of Technology. “Samsung’s distinctive quantum dot technology has once again overcome technical barriers.”
     
    This cutting-edge advancements led to the launch of the QD-OLED TVs, making history at CES 2022 by winning the Best of Innovation award for integrating quantum dot technology and OLED displays.
     
    Samsung remains dedicated to advancing quantum dot technology through continuous innovation. The company continues to invest in leading display technology — from QLED to Neo OLED — by offering high brightness, color accuracy and frequency. Driven by Samsung’s unrivaled quantum dot innovations, the future of display technology is brighter than ever.
     
     
    1 An electronic circuit that adjusts and controls the light-emitting layers2 Occurs when a static image is displayed for too long, causing color distortions or ghost images to remain on screen3 Red, green and blue

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Launches Bespoke AI Refrigerator Series with AI Features Redefining Smart Cooling

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today launched its latest Bespoke AI Refrigerator series in the 330L & 350L capacity range. This new range combines advanced AI-driven features like AI Energy Mode, AI Home Care and Smart Forward with elegant designs and versatile storage options. Aimed at addressing the unique needs of Indian consumers, the series offers a harmonious blend of functionality, style, and innovation.
    The new Bespoke AI Refrigerators provide smart energy management, improved freshness retention, and active fresh filter, which eliminates upto 99.9% of harmful bacteria, all of which is wrapped in a sleek and customizable exterior. With its durable and energy-efficient Digital Inverter Compressor, backed by a 20-year warranty, the series is poised to redefine modern refrigeration in India.
    “Our Bespoke AI Refrigerator series offer consumers a perfect balance of technology, design, and convenience. From AI-driven energy optimization to innovative cooling and hygiene solutions, this series caters to the evolving lifestyles of Indian families. With stylish finishes and advanced features like Smart Forward, AI Home care, Twin Cooling Plus and Convertible 5-in-1 Modes, we aim to empower our customers with appliances that redefine everyday living,” said Ghufran Alam ,Senior Director, Digital Appliances, Samsung India.
     

    Design, Capacity, Price, and Availability
    Available in Real Stainless, Luxe Black, Elegant Inox, and Black Matt, these refrigerators are designed to seamlessly integrate with contemporary home interiors in capacities of 330L and 350L. This caters to diverse household needs with availability at leading retail stores, e-commerce platforms, and Samsung’s official website.

    AI Energy Mode:
    The AI Energy Mode leverages advanced AI algorithms to optimize energy consumption by analyzing the refrigerator’s usage patterns. This intelligent system identifies peak and off-peak hours of usage, adjusting energy requirements accordingly to achieve up to 10% energy savings. By reducing unnecessary energy usage, it not only ensures cost efficiency for households but also supports sustainable living by lowering carbon footprints. This feature is particularly beneficial for environmentally conscious consumers seeking to balance performance with responsibility.

    SmartThings Home Care:
    SmartThings Home Care offers a seamless integration of real-time monitoring and diagnostics, allowing users to ensure their refrigerator operates at peak efficiency. By comparing past and current performance data, this feature detects potential issues early, minimizing disruptions. Additionally, it provides users with proactive maintenance tips via the SmartThings app, enabling them to extend the lifespan of their refrigerator while ensuring consistent cooling performance. This tool exemplifies Samsung’s commitment to convenience and advanced home care solutions.

    Smart Forward:
    Designed to enhance the interconnected smart home ecosystem, Smart Forward ensures uninterrupted operation by transferring tasks seamlessly between connected devices. For example, in a multi-appliance setup, the refrigerator can communicate with other devices to adjust cooling requirements based on usage. This feature is ideal for users who rely on an integrated home automation system, as it enhances convenience and ensures that every device operates harmoniously for a smarter lifestyle.

    Wi-Fi Enabled Convenience:
    The Wi-Fi-enabled refrigerators redefine convenience by empowering users to control and monitor their appliance remotely via the SmartThings app. Whether it is adjusting the temperature, activating Power Cool or Power Freeze modes, or receiving maintenance notifications, users can manage their refrigerator from anywhere. For instance, while grocery shopping; users can remotely lower the temperature to store perishable items immediately upon returning home. This feature exemplifies modern convenience tailored to dynamic lifestyles.

    Convertible 5-in-1 Modes:
    The Convertible 5-in-1 Modes provide unparalleled flexibility, making these refrigerators suitable for the diverse needs of Indian households. The five modes that range from Normal, Seasonal, Extra Fridge, Vacation, and Home Alone, cater to specific situations. This adaptability ensures optimal energy savings and maximum utility.

    Twin Cooling Plus :
    The Twin Cooling Plus technology is designed to enhance freshness retention and prevent odor mixing. By using two independent evaporators and fans, it maintains separate cooling environments for the fridge and freezer compartments. This results in up to two times longer freshness, with up to 70% moisture retention for fruits and vegetables. By isolating odors, it preserves the natural flavors of stored items. This feature is a game-changer for households looking for prolonged freshness and hygienic storage.

    Active Fresh Filter+:
    The Active Fresh Filter+ system employs advanced activated carbon filtration to maintain clean and hygienic air circulation inside the refrigerator. It eliminates up to 99.99% of bacteria and neutralizes odors, ensuring a sterile environment for food storage. Additionally, it continuously sterilizes and deodorizes the air, offering peace of mind to users who prioritize health and hygiene.

    Power Cool and Power Freeze:
    The Power Cool and Power Freeze functions are designed for rapid cooling and freezing needs. Power Cool lowers the fridge temperature quickly, ideal for chilling beverages or fresh produce on demand. Power Freeze accelerates ice-making and freezing of food items, making it perfect for parties or impromptu gatherings. Together, these features provide quick solutions for busy lifestyles that require efficient refrigeration.

    Digital Inverter Compressor:
    The Digital Inverter Compressor ensures consistent and energy-efficient cooling by automatically adjusting its speed in response to cooling demands. This minimizes wear and tear, reducing noise and power consumption. With a 20-year warranty, the compressor offers unmatched durability and reliability, making it an investment in long-term performance and peace of mind.

    MIL OSI Economics

  • MIL-OSI Economics: Interactive Assets: BaFin warns consumers about the additional websites interactiveassets.biz and interactiveassets.trade

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    On 27 January 2025, BaFin issued a warning about Interactive Assets and its website interactiveassets.pro, which has since been deactivated. The unknown operators are now using the websites interactiveassets.biz and interactiveassets.trade. BaFin suspects the operators of the websites of offering consumers financial, investment and cryptoasset services without the required authorisation.

    The unknown operators are contacting consumers, claiming that their offer is from Baden-Württembergische Wertpapierbörse GmbH or Börse Stuttgart GmbH. In addition, when advertising its services, the company claims to be supervised by BaFin. However, none of this information is correct. This is a case of identity fraud.

    BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics

  • MIL-OSI Economics: Asian Development Blog: AI Can Free Human Intelligence for Discovery and Exploration

    Source: Asia Development Bank

    Artificial intelligence is reshaping knowledge generation, but human intelligence remains essential for ethical oversight, innovation, and problem-solving. Integrating AI into industries, shifting away from Industrial Era work models, and accelerating learning will be key to harnessing its full potential for sustainable development.

    Human cognitive abilities have grown over time, influenced by environmental and cultural factors. Despite a slight decrease in brain size over the past 3,000 years, the Flynn effect shows that people are becoming smarter across generations.

    Innovations in sharing and storing information—from writing to the rise of the Internet—are accelerating collective cognitive development because of the rapid dissemination of knowledge.

    In the age of artificial intelligence, human intelligence is likely to grow even faster. People will be able to access vast amounts of information across a wide range of topics more quickly than before. AI can also deliver personalized educational experiences to suit the learning style of students, making the learning process more engaging. 

    People are far from being mere passive recipients of AI’s impacts: they are actually the ones who are actively spurring its development, and this in turn is further advancing human intelligence. Leveraging both human and artificial intelligence will be critical to developing innovative solutions to address climate change and other complex global challenges. 

    People, from casual users to experts, need to have functional knowledge of AI to fully benefit from it, and AI’s usefulness depends on trust. This is where the Artificial Intelligence Quotient (AIQ), the level of readiness in humans to successfully adopt AI, comes in. 

    Just as travelers trust a plane or a car because they understand how they work, AI should also be made more understandable to increase the likelihood of its use and adoption. Patients will not be interested in undergoing a medical procedure performed by AI-powered robots if they are not confident that the benefits of technology-assisted surgery far outweigh the risks.

    Similarly, businesses will not blindly trust AI systems to engage in trade on their behalf without first understanding how these systems evaluate business risks.

    Building Artificial Intelligence Quotient requires educating oneself on AI advancements, capabilities, and limitations. Hands-on experience in using AI-powered tools will help individuals and institutions trust AI and make them more comfortable in using it. 

    Trust in AI, in turn, will encourage the development of more AI tools for societal benefit, including healthcare, education, and climate adaptation.     

    Technological know-how is crucial, but emotional intelligence is equally important. 

    Emotions drive creativity and problem-solving. With a few prompts, some AI tools can generate photos, videos, and stories. These outputs, however, are not truly original content. They are instead derived from training data.

    Context and purpose matter as there is no one-size-fits-all solution when it comes to AI.
     

    Humans, on the other hand, can generate original content, developing innovative ideas, and collaborating with other people to find solutions to complex issues. More importantly, they are the ones steering the direction of AI development, including putting in place policies and guidelines for the ethical and responsible use of AI. 

    These ethical guardrails help to ensure that AI tools and systems are built not for their own sake but to address pain points in a way that respects human values and rights. Thus, managing one’s emotions and understanding others’ emotions are necessary skills in a technology-driven era. 

    AI can mimic compassion, as seen with mental health chatbots, but it lacks genuine emotional connection. Trust is only the first step to developing an Artificial Intelligence Quotient. You need to be aware of your own capacity to use AI depending on your specific needs so you can find the right tool to address your concerns. 

    From an international development perspective, each country has a different set of needs and priorities when it comes to AI use. For instance, one country may be interested in focusing on leveraging AI to increase production capacity of a certain industry, while another country may want to use AI to improve delivery of basic services, such as healthcare, education, and social protection.

    Context and purpose matter as there is no one-size-fits-all solution when it comes to AI. Recognizing the differences in these challenges and how these need to be adjusted to be responsive to specific issues is critical to leveraging AI effectively to promote sustainable development and climate resilience.  

    AI’s strengths and weaknesses also need to be recognized. AI might be a powerful tool, but it has its limitations. There are instances when AI is not the best solution, with other tools being better suited to address an issue. In addition, AI does not hold all the answers to the world’s questions and is limited by the data with which it was trained.

    Finally, it is important to let AI know you. AI tools have a feedback loop that you can use to improve their performance, and this mechanism will help train these tools to better address climate and development challenges.

    If AI’s full potential is unleashed, it can handle all current cognitive tasks that humans are doing, freeing up humans to focus on big thinking and creating. 

    While it is improbable for sentient AI to emerge anytime soon, AI, along with robotics, will likely bear the brunt of the work of humans, including knowledge generation. By the 22nd century, AI will be solving the issues that humans previously handled, freeing humans to tackle new, yet-unsolved mysteries, leading to the rise of a new age of discoveries. 

    This will require rethinking and reskilling. The payoff, however, will be worth it if it means finding solutions to poverty, climate change, and other challenges faced by humanity and the world. 

    As AI grows, humans must continue to grow as well. In the next century, we are looking at a new age of discoveries arising from freeing up human intelligence to resolve new problems rather than resolving issues that could be resolved by AI and robotics.   

    To achieve climate and development goals, we need to be doing three things: 

    Integrate AI and robotics. Institutions and industries need to evolve to integrate technology—not just in business-related tasks but also in daily operations. Industries such as construction, shipping, and manufacturing will increasingly rely on AI and robotics to perform tasks. Embracing technology is critical, especially since its use will likely scale up in the coming years.

    Give up industrial era ways of working. AI and robotics will render obsolete the conventional assembly line setup that focuses on efficiency in physical production. People must shift towards human-centered work. Institutions and industries should redesign their operations and empower people to use their creativity and critical thinking skills to perform AI-augmented work. 

    Accelerate learning and adoption. The fundamental shift from the Industrial Era practices puts more emphasis on the knowledge economy. This, along with the rapid development brought about by AI and the rapid boom of industries, requires an accelerated pace of learning. Humans should therefore dedicate over half of their workday to learning to keep up with and adopt new technologies and methods. Human resource departments must play a key role to facilitate this shift from Industrial

    Era practices to more agile mindsets and practices in the age of AI.

    The future of intelligence will be shaped by the dynamic interplay between human cognition and artificial intelligence. By fostering a symbiotic relationship with AI, humanity can unlock new frontiers of knowledge, innovation, and problem-solving in the decades ahead.

    MIL OSI Economics

  • MIL-OSI Economics: Result of the 49-day Variable Rate Repo (VRR) auction held on February 14, 2025

    Source: Reserve Bank of India

    Tenor 49-day
    Notified Amount (in ₹ crore) 75,000
    Total amount of bids received (in ₹ crore) 99,692
    Amount allotted (in ₹ crore) 75,003
    Cut off Rate (%) 6.28
    Weighted Average Rate (%) 6.32
    Partial Allotment Percentage of bids received at cut off rate (%) 57.30

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2158

    MIL OSI Economics

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on February 14, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 1,50,000
    Total amount of bids received (in ₹ crore) 1,93,363
    Amount allotted (in ₹ crore) 1,50,016
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) 46.98

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2157

    MIL OSI Economics

  • MIL-OSI Economics: Result of Underwriting Auction conducted on February 14, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on February 14, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (paise per ₹100)
    6.64% GS 2027 7,000 3,507 3,493 7,000 0.07
    6.79% GS 2034 22,000 11,004 10,996 22,000 0.11
    7.09% GS 2074 10,000 5,019 4,981 10,000 0.18
    Auction for the sale of securities will be held on February 14, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2156

    MIL OSI Economics

  • MIL-OSI Economics: Panasonic HD becomes the first in Japan to receive approval to operate 10 small and remote-controllable mobilities simultaneously on public roads across multiple regions and begins demonstration experiments – Contributing to enhanced efficiency of robot service business

    Source: Panasonic

    Headline: Panasonic HD becomes the first in Japan to receive approval to operate 10 small and remote-controllable mobilities simultaneously on public roads across multiple regions and begins demonstration experiments – Contributing to enhanced efficiency of robot service business

    Osaka, Japan, February 6, 2025 – Panasonic Holdings Corporation (Panasonic HD) today announced that it became the first in Japan,*1 as of January 23, 2025, to receive approval to operate 10 small and remote-controllable mobilities simultaneously on public roads across multiple regions under the supervision of a single operator, and began demonstration experiments.
    Amid a chronic labor shortage in the logistics industry, the growing volume of home delivery packages driven by the expansion of the e-commerce market and the rising number of individuals facing challenges in accessing essential goods, such as food, have emerged as significant social issues. In response to these social issues, the Ministry of Economy, Trade and Industry launched a public-private council in 2019 to promote deliveries by autonomous-driving robots, initiating a comprehensive study of social implementation of robot-assisted delivery services.
    Panasonic HD has developed a robotic solution that integrates automatic delivery robots with a remote control system and is promoting the use of robots in last-mile delivery, mobile vending, information dissemination, and other business sectors, and expanding social implementation in each region.
    To address labor shortages using robots, it is crucial that a single remote operator can safely manage multiple robots simultaneously. In response to this challenge, in April 2022, Panasonic HD became the first in Japan*2 to achieve full remote operation, with a single operator simultaneously controlling four small and remote-controllable mobilities without security personnel stationed near the mobile robots. Since then, the company has continued to provide services with various partners while operating multiple robots simultaneously.
    In order to further improve service efficiency, the company has developed an AI function that assists with some of the tasks of remote operators, significantly reducing their workload and enabling each operator to manage up to 10 robots simultaneously. A total of 10 automatic delivery robots named HAKOBO will be fully remotely operated in three regions: Fujisawa City, Kanagawa Prefecture; Kadoma City, Osaka Prefecture; and Saga City, Saga Prefecture.
    In the future, Panasonic HD aims to contribute to the provision of services that enable each individual operator to simultaneously utilize multiple robots across various regions. Furthermore, HAKOBO can be used for various purposes, such as mobile vending and information dissemination, by customizing the cabin mounted at the rear, reducing robot service operating costs through the integration of multiple units, regions, and services. Enabling the operation of these robots from an office in a remote location will also help eliminate worker imbalances between regions and improve work styles.

    Panasonic HD has developed the mobility service platform X-Area and aims to create a society where anyone can work with a sense of security anytime and anywhere by leveraging mobility functions even from remote locations through AI and robotics, while utilizing the company’s mobility services to make people’s lifestyles more convenient.
    Panasonic HD will continue to offer robotic solutions that integrate HAKOBO and other automatic delivery robots with remote control systems. Through these efforts, the company aims to provide services that enhance convenience in people’s lifestyles while addressing labor shortages and improving working conditions across various operations, including last-mile delivery, product vending, security and monitoring, advertising, guidance, and other tasks.
    Some of these results have been achieved through projects supported by NEDO (New Energy and Industrial Technology Development Organization).Grant project name: Project to Construct a Basis for Research and Development of Innovative Robots/Realization of Delivery Service by Automated Delivery RobotsCommissioned project name: Third Phase of the Strategic Innovation Promotion Program (SIP) Sponsored by the Cabinet Office/Expansion of Fundamental Technologies and Development of Rules Promoting Social Implementation to Expand HCPS Human-Collaborative Robotics.
    *1: Research conducted by Panasonic as of January 23, 2025.
    *2: Research conducted by Panasonic as of April 15, 2022.

    About the Panasonic Group
    Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of 8,496.4 billion yen for the year ended March 31, 2024. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/

    MIL OSI Economics