NewzIntel.com

Category: Economics

  • MIL-OSI Economics: Samsung and Designer LaQuan Smith Offer Students an Inside Look at the Fashion Industry

    Source: Samsung

    Following their collaboration on the Lucid Dream sleepwear line unveiled at New York Fashion Week, Samsung extended its partnership with fashion icon LaQuan Smith, highlighting the connection between cutting-edge technology and fashion, and Samsung’s commitment to inspiring people to pursue their creative passions.
    In support of that goal, Samsung hosted three of LaQuan’s mentees, who are part of a program designed to uplift the next generation of designers. These up-and-coming fashion students took an exclusive tour of LaQuan’s studio and enjoyed insider access to the prestigious CFDA Fashion Awards. The night was filled with uplifting messages aimed at the next generation of fashion industry leaders, and a recognition that mentorship is key to their success.

    We’ve equipped these future designers and creatives with the Galaxy Z Flip6, Galaxy Tab S10 Ultra, and Galaxy Ring to have all the tools on hand whenever inspiration strikes, from the classroom to the streets of the city. These devices offer groundbreaking experiences, whether they’re looking to create content while wearing their latest look, mock-up a design using their S Pen, research fashion trends while on social media with Circle to Search, or ensure they receive a good night’s rest after a long day.
    LaQuan Provides a Sneak Peak of His Designs

    LaQuan invited his mentees to tour his studio and get an early look at the outfits he designed for Victoria Monét and Teyana Taylor’s appearance at the 2024 CFDA Fashion Awards.

    Highlights from the CFDA Fashion Awards
    Each year, the CFDA Fashion Awards honor the best in American design and feature some of the most talked about outfits of the year. Recently, LaQuan dressed Khloe Kardashian and Lenny Kravitz for the CFDA awards — and in 2022 he was nominated for American Womenswear Designer of the Year. Samsung and LaQuan hosted his mentees so they could experience the event firsthand, learn from fashion icons, and see how creative design was intentionally woven throughout the entire evening — from the clothes to the décor, to the meticulous run of show. The awards featured stunning outfits, and exciting victories by some of the most influential figures in the industry.

    MIL OSI Economics –

  • MIL-OSI Economics: A new pact to bolster business in MENA region

    Source: International Chamber of Commerce

    Headline: A new pact to bolster business in MENA region

    The partnership outlines a four-point action plan, with a particular emphasis on digitalising trade and improving access to finance for micro-, small- and medium-sized enterprises in the Unites Arab Emirates (UAE) and beyond.

    In line with shared values and a common purpose to enable business, the partnership will build on successful past initiatives and the extensive network of both organisations.

    Signing the agreement on behalf of ICC, Secretary General John W.H. Denton AO said:

    “This agreement aims to further strengthen our longstanding, successful relationship with Dubai Chambers, amplifying and driving our pioneering efforts in key areas such as trade digitalisation and
    chamber empowerment.    “

    His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said:

    “This partnership agreement with ICC reflects our shared vision to empower businesses in the MENA region through innovation, digitalisation, and improved access to finance. We look forward to working together to drive sustainable economic growth and unlock new opportunities that will benefit the global business community.“

    Signed today at ICC Global Headquarters in Paris, this initial 12-month agreement lays the foundation for more detailed agreements to be developed on specific areas.

    The action plan sets out shared commitments to:

    • Facilitate capacity building and knowledge sharing among chambers of commerce through the Chamber Benchmarking initiative
    • Drive the digitalisation of trade in the MENA region, supporting the work of the ICC Digital Standards Initiative
    • Inform and collaborate on the BRICS Business Council in consultation with UAE businesses
    • Support initiatives of ICC and the ICC World Chambers Federation, bringing value to businesses in the UAE and region

    By way of the non-financial, non-binding agreement, ICC and Dubai Chambers have committed to review the action plan as projects develop.

    MIL OSI Economics –

  • MIL-OSI Economics: President appoints Jakub Seidler as a new member of the Bank Board

    Source: Czech National Bank

    Jakub Seidler is to become a new member of the Bank Board of the Czech National Bank (CNB), taking office on 1 December 2024. President Petr Pavel appointed him to the Czech central bank’s supreme governing body today.

    Jakub Seidler graduated in economics from the Institute of Economic Studies at Charles University in Prague, where he also completed his PhD. He has also undertaken a number of research stays abroad and courses in econometric methods, financial stability and central banking. He returns to the CNB after ten years. In 2008–2014, he held various expert positions at the central bank, specifically in the Financial Stability Department, the Economic Research Department and the Monetary Department. He also served as chief economist at ING Bank and the Czech Banking Association.

    The Bank Board is the supreme governing body of the CNB. Its main activities include setting monetary and macroprudential policy and the instruments for implementing them, and making decisions on measures in the area of financial market supervision. It has seven members appointed by the President of the Czech Republic for up to two terms of six years.

    The current members of the CNB Bank Board are Governor Aleš Michl, Deputy Governor Eva Zamrazilová, Deputy Governor Jan Frait and Bank Board members Karina Kubelková, Jan Kubíček, Jan Procházka and Tomáš Holub. Jakub Seidler will fill a vacant position on the Bank Board after Tomáš Holub’s mandate expires on 30 November 2024.

    Jakub Holas
    Director, Communications Division

    MIL OSI Economics –

  • MIL-OSI Economics: Russian threat actor Midnight Blizzard conducting large-scale spear-phishing campaign

    Source: Microsoft

    Headline: Russian threat actor Midnight Blizzard conducting large-scale spear-phishing campaign

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eu-north-1-aws.mil-be[.]cloud eu-north-1-aws.mil-pl[.]cloud eu-north-1-aws.minbuza[.]cloud eu-north-1-aws.ncfta[.]cloud eu-north-1-aws.presidencia-pt[.]cloud eu-north-1-aws.quirinale[.]cloud eu-north-1-aws.regeringskansliet-se[.]cloud eu-north-1-aws.s3-be[.]cloud eu-north-1-aws.s3-de[.]cloud eu-north-1-aws.ua-energy[.]cloud eu-north-1-aws.ua-gov[.]cloud eu-south-1-aws.admin-ch[.]cloud eu-south-1-aws.dep-no[.]cloud eu-south-1-aws.difesa-it[.]cloud eu-south-1-aws.gov-pl[.]cloud eu-south-1-aws.gov-trust[.]cloud eu-south-1-aws.mfa-gov[.]cloud eu-south-1-aws.mil-be[.]cloud eu-south-1-aws.minbuza[.]cloud eu-south-1-aws.mzv-sk[.]cloud eu-south-1-aws.quirinale[.]cloud eu-south-1-aws.s3-be[.]cloud eu-south-1-aws.s3-de[.]cloud eu-south-1-aws.ua-gov[.]cloud eu-south-2.dep-no[.]cloud eu-south-2.gov-pl[.]cloud eu-south-2.gov-sk[.]cloud eu-south-2.mil-be[.]cloud eu-south-2.mil-pl[.]cloud eu-south-2.mindef-nl[.]cloud eu-south-2.s3-be[.]cloud eu-south-2.s3-de[.]cloud eu-south-2.s3-esa[.]cloud eu-south-2.s3-nato[.]cloud eu-south-2.ua-sec[.]cloud eu-south-2.ukrainesec[.]cloud eu-south-2-aws.amazonsolutions[.]cloud eu-south-2-aws.dep-no[.]cloud eu-south-2-aws.gov-pl[.]cloud eu-south-2-aws.gov-sk[.]cloud eu-south-2-aws.mfa-gov[.]cloud eu-south-2-aws.mil-be[.]cloud eu-south-2-aws.mil-pl[.]cloud eu-south-2-aws.mil-pt[.]cloud eu-south-2-aws.minbuza[.]cloud eu-south-2-aws.msz-pl[.]cloud eu-south-2-aws.mzv-sk[.]cloud eu-south-2-aws.ncfta[.]cloud eu-south-2-aws.quirinale[.]cloud eu-south-2-aws.regeringskansliet-se[.]cloud eu-south-2-aws.s3-be[.]cloud eu-south-2-aws.s3-de[.]cloud eu-south-2-aws.s3-esa[.]cloud eu-south-2-aws.s3-nato[.]cloud eu-south-2-aws.s3-ua[.]cloud eu-south-2-aws.ua-gov[.]cloud eu-southeast-1-aws.amazonsolutions[.]cloud eu-southeast-1-aws.aws-ukraine[.]cloud eu-southeast-1-aws.dep-no[.]cloud eu-southeast-1-aws.difesa-it[.]cloud eu-southeast-1-aws.gov-sk[.]cloud eu-southeast-1-aws.gov-trust[.]cloud eu-southeast-1-aws.mil-be[.]cloud eu-southeast-1-aws.mil-pl[.]cloud 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eu-west-3.minbuza[.]cloud eu-west-3.mindef-nl[.]cloud eu-west-3.msz-pl[.]cloud eu-west-3.mzv-sk[.]cloud eu-west-3.presidencia-pt[.]cloud eu-west-3.s3-be[.]cloud eu-west-3.s3-ua[.]cloud eu-west-3.ukrainesec[.]cloud eu-west-3.ukrtelecom[.]cloud eu-west-3-aws.aws-ukraine[.]cloud eu-west-3-aws.dep-no[.]cloud eu-west-3-aws.difesa-it[.]cloud eu-west-3-aws.gov-pl[.]cloud eu-west-3-aws.gov-sk[.]cloud eu-west-3-aws.gov-trust[.]cloud eu-west-3-aws.mil-be[.]cloud eu-west-3-aws.mil-pl[.]cloud eu-west-3-aws.mil-pt[.]cloud eu-west-3-aws.minbuza[.]cloud eu-west-3-aws.mindef-nl[.]cloud eu-west-3-aws.msz-pl[.]cloud eu-west-3-aws.mzv-sk[.]cloud eu-west-3-aws.quirinale[.]cloud eu-west-3-aws.regeringskansliet-se[.]cloud eu-west-3-aws.s3-be[.]cloud eu-west-3-aws.s3-ua[.]cloud eu-west-3-aws.ua-mil[.]cloud us-east-1-aws.mfa-gov[.]cloud us-east-1-aws.s3-ua[.]cloud us-east-1-aws.ua-gov[.]cloud us-east-1-aws.ua-sec[.]cloud us-east-2.aws-ukraine[.]cloud us-east-2.gov-ua[.]cloud us-east-2.ua-sec[.]cloud 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    MIL OSI Economics –

  • MIL-OSI Economics: 2024 release wave 2 for Microsoft Dynamics 365 and Power Platform launches with hundreds of Copilot capabilities

    Source: Microsoft

    Headline: 2024 release wave 2 for Microsoft Dynamics 365 and Power Platform launches with hundreds of Copilot capabilities

    We’ve launched 2024 release wave 2 for Microsoft Dynamics 365, Microsoft Power Platform, and role-based Microsoft Copilot offerings—introducing a rollout of new features and enhanced capabilities releasing between October 2024 and March 2025. These updates include advanced Copilot capabilities for Microsoft 365 Copilot for Sales, Copilot for Service, and Copilot for Finance to empower your workforce, optimize business processes, and enhance customer engagement.

    Catch all the highlights and demos from today’s Microsoft Business Applications Launch Event. In addition to newly-announced features, you’ll learn how companies like Lynk & Co, Lifetime Products, Stoneridge Software, AIS, and Schneider Electric are leveraging these new features to drive transformation.

    Copilot and agents are the future of AI for business

    2.1 million users engage with Copilot across Microsoft business applications every month, including employees at companies like PayPal, HP, Lumen, and McKinsey & Company. These Copilot experiences can drive new levels of productivity and efficiency while offering high standards of privacy, security, and compliance.

    Moving forward, we envision AI-first organizations will comprise people, Copilot, and agents. Copilot is your AI assistant, designed to work for you. With Microsoft Copilot Studio, you can create, manage, and connect agents to Copilot. Organizations will have a network of agents, ranging from simple prompt-and-response systems to fully autonomous entities, that will operate on behalf of individuals, teams, or functions to execute and orchestrate business processes. Copilot serves as the interface for interacting with these agents, which can handle tasks such as accelerating lead generation, processing sales orders, and automating supply chains. At the Business Applications Launch Event, we showcased new features across Dynamics 365 and Microsoft Power Platform that demonstrate what’s possible with Copilot and agents.

    Thrive with customer experience applications

    2024 release wave 2 brings exciting new features to Dynamics 365 customer experience apps designed to deliver connected and personalized experiences for both customers and employees. These innovations focus on optimizing customer interactions and streamlining sales processes across your organization.

    New capabilities for Microsoft Dynamics 365 Customer Service, Microsoft Dynamics 365 Contact Center, and Microsoft Dynamics 365 Sales include a multilingual bot (supported languages), Copilot-generated prompts, in-line email functionality, and more. These features are set to transform how businesses engage with customers and manage internal processes.

    During the launch event, we showcased how Lynk & Co, an innovative car company, is leveraging the multilingual Copilot Studio bot in Dynamics 365 Customer Service. By using AI-powered voice recognition and Copilot-generated prompts, they’ve been able to optimize customer wait times and improve case resolution speed. These tools have enabled Lynk & Co to significantly reduce case review times while keeping their sales team in the loop, thanks to seamless data sharing between service and sales teams.

    With Copilot’s intelligent automation, sales managers at Lynk & Co can now focus on building customer relationships rather than manually sorting through documents. By streamlining workflows and providing actionable insights, Copilot empowers sales professionals to work more efficiently and drive business growth. These new capabilities—combined with tools like real-time prompts, the Sales Qualification Agent, and account summaries generated by Copilot—offer businesses a modern, intuitive way to stay connected with customers and make smarter decisions faster.

    Explore the release plans for Dynamics 365 Customer Service, Dynamics 365 Contact Center, and Dynamics 365 Sales.

    Defining autonomous enterprise resource planning (ERP) with innovative agents

    Microsoft Dynamics 365 ERP solutions introduce significant enhancements aimed at improving both core functionalities and autonomous capabilities. These updates include the introduction of five autonomous agents for Dynamics 365 designed to streamline processes and boost organizational efficiency. By automating routine tasks, businesses can focus more on strategic decision-making and adapt to the dynamic market landscape.

    For Lifetime Products, a leading global producer of outdoor consumer goods, these improvements have substantially enhanced the productivity of their finance team. The Account Reconciliation Agent for Dynamics 365 Finance autonomously identifies discrepancies between subledgers and ledgers, offering actionable recommendations and reducing manual effort. Additionally, automated bank reconciliation now matches transactions and summarizes histories, saving time and improving accuracy. These features have streamlined their month-end close process across multiple legal entities, enhancing both efficiency and compliance.

    In parallel, Microsoft Dynamics 365 Business Central updates have improved operations for more than 40,000 customers. The Sales Order Agent enables businesses like Stoneridge Software’s clients to manage sales orders without needing additional staffing, speeding up order processing while maintaining service quality. Interoperability between Dynamics 365 Business Central and Microsoft Dynamics 365 Field Service has streamlined service order management, reducing manual data entry and errors. This automation allows technicians to work more efficiently, improving the overall customer experience and ensuring timely service delivery.

    Explore the release plans for Dynamics 365 Finance, Microsoft Dynamics 365 Project Operations, Microsoft Dynamics 365 Supply Chain Management, Microsoft Dynamics 365 Commerce, Microsoft Dynamics 365 Human Resources, and Dynamics 365 Business Central.

    Unlock value everywhere with Microsoft Power Platform and Copilot Studio

    Microsoft Power Platform offers new capabilities that enhance automation and app development using AI-powered tools. Copilot simplifies workflows, generates apps, and assists with complex processes, enabling businesses to manage tasks more effectively. With new AI-driven features across Microsoft Power Platform you can create solutions across your organization in record time.

    At the launch event, we highlighted how Applied Information Sciences (AIS) is improving workforce efficiency in vendor invoice management using AI-enabled features in Microsoft Power Automate. With Copilot, automating processes such as routing and approvals based on predefined rules, AIS can handle a large volume of invoices daily, reducing manual input and increasing productivity. Users can easily update workflows with a few clicks, and the new summary functionality ensures clear tracking and sharing of updates.

    AIS’s onboarding process for new consultants supports ongoing training with Copilot in Microsoft Power Apps. “Search with Copilot” allows users to retrieve records using natural language queries, while the AI-enabled paste feature efficiently fills out onboarding forms, reducing manual data entry. Copilot Studio improves IT Helpdesk automation with task assignment and grounding third-party data sources through knowledge management.  This provides analytics for monitoring agent performance and improves accuracy while also enabling a continuous improvement process.

    Explore the release plans for Power Apps, Microsoft Power Pages,  Power Automate, and Copilot Studio.  

    Bring automation to your business with Copilot

    The latest improvements in Microsoft 365 Copilot for Sales, Copilot for Service, and Copilot for Finance focus on enhancing user experience by automating routine tasks and providing actionable insights through autonomous agents. These advanced functionalities allow sales teams, customer service representatives, and finance professionals to offload repetitive activities, enabling them to concentrate on strategic initiatives. As a result, organizations can optimize efficiency and improve overall productivity.

    For instance, companies like Lumen and Genpact have experienced significant time savings with Microsoft 365 Copilot for Sales and Microsoft 365 Copilot for Finance capabilities. Lumen reported a 94% reduction in research time for sales data, while Genpact achieved over a 50% decrease in payroll processing time through automated reconciliation. These enhancements demonstrate how Copilot agents are not only improving workflows but also positively impacting the workforce’s efficiency.

    Schneider Electric is another example of a company benefiting from these advancements. Its sales team can now effectively prioritize leads with the help of the Lead Intelligence Agent, which analyzes customer interactions and external data to deliver enriched insights. This streamlined approach allows sales representatives to engage with prospects more strategically, ultimately supporting their goal of enhancing efficiency and driving revenue growth.

    Explore the release plans for Microsoft Copilot for Finance, Microsoft Copilot for Service, and Microsoft Copilot for Sales.

    Business Applications Launch Event

    Dive deeper into the new and enhanced AI capabilities included in the 2024 release wave 2.

    Watch the virtual Microsoft Business Applications Launch Event

    Join us for the on-demand Microsoft Business Applications Launch Event to discover the latest enhancements in Dynamics 365, Microsoft Power Platform, and Microsoft Copilot apps. The event features in-depth demos of new autonomous agents and other capabilities designed to optimize your workflows and streamline operations.

    Don’t forget to review the detailed release plans for Dynamics 365 and Microsoft Power Platform. Stay updated on the latest features and upcoming enhancements, and create your personalized release plan using the release planner to ensure you’re equipped with the knowledge needed to maximize these new capabilities.

    Charles Lamanna

    Corporate Vice President, Business & Industry Copilot—Microsoft

    Charles leads the design, product development, and engineering teams responsible for creating intelligent business applications and low-code platforms with generative AI. This spans products and services across Microsoft Dynamics 365, Power Platform, Copilot Studio, Copilot apps, and Nuance Enterprise. These products include business applications for Microsoft Copilot, low-code/no-code tools, industry cloud solutions, conversational AI, RPA, CRM, and ERP applications.

    See more articles from this author

    MIL OSI Economics –

  • MIL-OSI Economics: Apple introduces M4 Pro and M4 Max

    Source: Apple

    Headline: Apple introduces M4 Pro and M4 Max

    October 30, 2024

    PRESS RELEASE

    Apple introduces M4 Pro and M4 Max

    M4 Pro and M4 Max join M4 to form the most advanced family of chips ever built for a personal computer

    CUPERTINO, CALIFORNIA Apple today announced M4 Pro and M4 Max, two new chips that — along with M4 — bring far more power-efficient performance and advanced capabilities to the Mac. All three chips are built using industry-leading, second-generation 3-nanometer technology, which improves performance and power efficiency. The CPUs across the M4 family feature the world’s fastest CPU core, delivering the industry’s best single-threaded performance, and dramatically faster multithreaded performance.1 The GPUs build on the breakthrough graphics architecture introduced in the previous generation, with faster cores and a 2x faster ray-tracing engine. M4 Pro and M4 Max enable Thunderbolt 5 for the Mac for the first time, and unified memory bandwidth is greatly increased — up to 75 percent. Combined with a Neural Engine that’s up to 2x faster than the previous generation and enhanced machine learning (ML) accelerators in the CPUs, the M4 family of chips brings incredible performance for pro and AI workloads. And they deliver blazing performance for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves, while protecting their privacy.

    “Apple silicon has taken the Mac to unprecedented heights, and the rapid pace of innovation continues with M4 Pro and M4 Max,” said Johny Srouji, Apple’s senior vice president of Hardware Technologies. “With the world’s fastest CPU core, immensely more powerful GPUs, and the fastest Neural Engine ever, the power-efficient performance and capabilities of the M4 family extend its lead as the most advanced lineup of chips in the industry.”

    M4: Phenomenal Performance and New Capabilities

    For entrepreneurs, students, creators, and more, the phenomenal performance of M4 comes to Mac for the first time. M4 features an up to 10-core CPU, with four performance cores and up to six efficiency cores. It’s up to 1.8x faster than M1, so multitasking across apps like Safari and Excel is lightning fast. A 10-core GPU provides incredible graphics performance, up to 2x faster than M1, making everything from editing photos to AAA gameplay exceptionally fast and smooth. And the faster 16-core Neural Engine is great for Apple Intelligence features like Writing Tools and other AI workloads.

    M4 supports up to 32GB of unified memory and has higher memory bandwidth of 120GB/s. The display engine of the M4 family is enhanced to support two external displays in addition to a built-in display. And M4 now supports up to four Thunderbolt 4 ports, providing fast data transfer speeds and even more flexibility across peripherals.

    M4 Pro: Far More Powerful and Capable than Any AI PC Chip

    M4 Pro takes the advanced technologies debuted in M4 and scales them up for researchers, developers, engineers, creative pros, and other users with more demanding workflows. M4 Pro features an up to 14-core CPU consisting of up to 10 performance cores and four efficiency cores. It’s up to 1.9x faster than the CPU of M1 Pro, and up to 2.1x faster than the latest AI PC chip.2 The GPU features up to 20 cores for graphics performance that is 2x that of M4, and up to 2.4x faster than the latest AI PC chip.2 This huge boost in performance makes building and testing apps across multiple simulators in Xcode quicker than ever. And with the improved hardware-accelerated ray-tracing engine in the M4 family GPU, games like Control look more compelling, and pro 3D renderers can produce stunning imagery in even less time.

    M4 Pro supports up to 64GB of fast unified memory and 273GB/s of memory bandwidth, which is a massive 75 percent increase over M3 Pro and 2x the bandwidth of any AI PC chip.3 This, combined with the faster Neural Engine of the M4 family, means on-device Apple Intelligence models run at blazing speed. M4 Pro also supports Thunderbolt 5 on Mac, delivering up to 120Gb/s data transfer speeds, which more than doubles the throughput of Thunderbolt 4. For professionals working on larger file sizes across AI, video, code bases, and more, M4 Pro offers stunning performance and Apple silicon’s legendary power efficiency.

    M4 Max: The Most Powerful Chip for a Pro Laptop

    M4 Max is the ultimate choice for data scientists, 3D artists, and composers who push pro workflows to the limit. It has an up to 16-core CPU, with up to 12 performance cores and four efficiency cores. It’s up to 2.2x faster than the CPU in M1 Max and up to 2.5x faster than the latest AI PC chip.2 The GPU has up to 40 cores for performance that is up to 1.9x faster than M1 Max and up to an astounding 4x faster than the latest AI PC chip.2 So heavy workloads like de-noising raw video footage in DaVinci Resolve Studio can now run in real time.

    M4 Max supports up to 128GB of fast unified memory and up to 546GB/s of memory bandwidth, which is 4x the bandwidth of the latest AI PC chip.3 This allows developers to easily interact with large language models that have nearly 200 billion parameters. The enhanced Media Engine of M4 Max includes two video encode engines and two ProRes accelerators, making it the ultimate choice for video professionals. And like M4 Pro, M4 Max also supports Thunderbolt 5 with up to 120Gb/s data transfer capability. M4 Max rips through the most challenging pro workloads and, thanks to the energy efficiency of Apple silicon, delivers exceptional battery life in a laptop.

    Apple Silicon Powers Apple Intelligence

    M4, M4 Pro, and M4 Max are built for Apple Intelligence.4 Ushering in a new era for the Mac, Apple Intelligence brings personal intelligence to the personal computer. Combining powerful generative models with industry-first privacy protections, Apple Intelligence harnesses the power of Apple silicon and the Neural Engine to unlock new ways for users to work, communicate, and express themselves on Mac. It is available in U.S. English with macOS Sequoia 15.1. With systemwide Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write. With the newly redesigned Siri, users can move fluidly between spoken and typed requests to accelerate tasks throughout their day, and Siri can answer thousands of questions about Mac and other Apple products. New Apple Intelligence features will be available in December, with additional capabilities rolling out in the coming months. Image Playground gives users a new way to create fun original images, and Genmoji allows them to create custom emoji in seconds. Siri will become even more capable, with the ability to take actions across the system and draw on a user’s personal context to deliver intelligence that is tailored to them. In December, ChatGPT will be integrated into Siri and Writing Tools, allowing users to access its expertise without needing to jump between tools.

    Apple Intelligence does all this while protecting users’ privacy at every step. At its core is on-device processing, and for more complex tasks, Private Cloud Compute gives users access to Apple’s even larger, server-based models and offers groundbreaking protections for personal information. In addition, users can access ChatGPT for free without creating an account, and privacy protections are built in — their IP addresses are obscured and OpenAI won’t store requests. For those who choose to connect their account, OpenAI’s data-use policies apply.

    Better for the Environment

    The power-efficient performance of M4, M4 Pro, and M4 Max helps the all-new MacBook Pro lineup meet Apple’s high standards for energy efficiency and deliver up to 24 hours of battery life.5 This results in less time needing to be plugged in and less energy consumed over its lifetime. And for desktop systems like iMac and Mac mini, the energy efficiency of Apple silicon also reduces the total amount of energy used. Today, Apple is carbon neutral for global corporate operations and, as part of its ambitious Apple 2030 goal, plans to be carbon neutral across its entire carbon footprint by the end of this decade.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing was conducted by Apple in October 2024 using shipping competitive systems and select industry-standard benchmarks.
    2. Testing was conducted by Apple in October 2024 using select industry-standard benchmarks. AI PC chip performance data from testing MSI Prestige 13 AI+ Evo (A2VMG-014US) with Core Ultra 7 258V.
    3. Based on published technical specifications of shipping competitive chips as of October 2024.
    4. Apple Intelligence is available now as a free software update for Mac with M1 and later, and can be accessed in most regions around the world when the device and Siri language are set to U.S. English. The first set of features is in beta and available with macOS Sequoia 15.1, with more features rolling out in the months to come. Apple Intelligence is quickly adding support for more languages. In December, Apple Intelligence will add support for localized English in Australia, Canada, Ireland, New Zealand, South Africa, and the U.K., and in April, a software update will deliver expanded language support, with more coming throughout the year. Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and other languages will be supported.
    5. Testing was conducted by Apple from August through October 2024. Battery life varies by use and configuration. See apple.com/macbook-pro for more information.

    Press Contacts

    Todd Wilder

    Apple

    wilder@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

  • MIL-OSI Economics: New MacBook Pro features M4 family of chips and Apple Intelligence

    Source: Apple

    Headline: New MacBook Pro features M4 family of chips and Apple Intelligence

    October 30, 2024

    PRESS RELEASE

    Apple’s new MacBook Pro features the incredibly powerful M4 family of chips and ushers in a new era with Apple Intelligence

    With an advanced 12MP Center Stage camera, Thunderbolt 5 on M4 Pro and M4 Max models, and an all-new nano-texture display option, MacBook Pro gets even more capable and even more pro

    CUPERTINO, CALIFORNIA Apple today unveiled the new MacBook Pro, powered by the M4 family of chips — M4, M4 Pro, and M4 Max — delivering much faster performance and enhanced capabilities. The new MacBook Pro is built for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves, while protecting their privacy. Now available in space black and silver finishes, the 14-inch MacBook Pro includes the blazing-fast performance of M4 and three Thunderbolt 4 ports, starting with 16GB of memory, all at just $1,599. The 14- and 16-inch models with M4 Pro and M4 Max offer Thunderbolt 5 for faster transfer speeds and advanced connectivity. All models include a Liquid Retina XDR display that gets even better with an all-new nano-texture display option and up to 1000 nits of brightness for SDR content, an advanced 12MP Center Stage camera, along with up to 24 hours of battery life, the longest ever in a Mac.1 The new MacBook Pro is available to pre-order today, with availability beginning November 8.

    “MacBook Pro is an incredibly powerful tool that millions of people use to do their life’s best work, and today we’re making it even better,” said John Ternus, Apple’s senior vice president of Hardware Engineering. “With the powerful M4 family of chips, and packed with pro features like Thunderbolt 5, an advanced 12MP Center Stage camera, an all-new nano-texture display option, and Apple Intelligence, the new MacBook Pro continues to be, by far, the world’s best pro laptop.”

    Supercharged by the M4 Family of Chips

    Built using second-generation 3-nanometer technology, the M4 family is the most advanced lineup of chips for a personal computer. The M4 family features phenomenal single-threaded CPU performance with the world’s fastest CPU core,2 along with outstanding multithreaded CPU performance for the most demanding workloads. Combined with machine learning accelerators in the CPU, an advanced GPU, and a faster and more efficient Neural Engine, Apple silicon is built from the ground up to deliver incredible performance for AI. Together with faster unified memory, each chip also includes increased memory bandwidth, so large language models (LLMs) and other large projects run smoothly and on device. Additionally, the industry-leading performance per watt of the M4 family means that users get up to 24 hours of battery life, raising the bar of what users can do on a single charge.

    New 14-inch MacBook Pro with M4

    The 14-inch MacBook Pro with M4 is the ideal choice for entrepreneurs, students, creators, or anyone doing what they love. Featuring a more powerful 10-core CPU, with four performance cores and six efficiency cores, and a faster 10-core GPU with Apple’s most advanced graphics architecture, the new MacBook Pro starts with 16GB of faster unified memory with support for up to 32GB, along with 120GB/s of memory bandwidth. With M4, MacBook Pro is up to 1.8x faster than the 13-inch MacBook Pro with M1 for tasks like editing gigapixel photos, and even more demanding workloads like rendering complex scenes in Blender are up to 3.4x faster.1 With a Neural Engine that’s over 3x more powerful than in M1, it’s great for features in Apple Intelligence and other AI workloads. The M4 model also supports two high-resolution external displays in addition to the built-in display, and now features three Thunderbolt 4 ports so users can connect all their peripherals.

    MacBook Pro with M4 delivers:1

    • Up to 7x faster image processing in Affinity Photo when compared to the 13‑inch MacBook Pro with Core i7, and up to 1.8x faster when compared to the 13-inch MacBook Pro with M1.
    • Up to 10.9x faster 3D rendering in Blender when compared to the 13‑inch MacBook Pro with Core i7, and up to 3.4x faster when compared to the 13‑inch MacBook Pro with M1.
    • Up to 9.8x faster scene edit detection in Adobe Premiere Pro when compared to the 13‑inch MacBook Pro with Core i7, and up to 1.7x faster when compared to the 13‑inch MacBook Pro with M1.

    MacBook Pro with M4 Pro: A Pro Powerhouse

    For researchers, developers, engineers, creative pros, or anyone that needs even faster performance for more demanding workflows, MacBook Pro with M4 Pro offers a tremendous performance boost. M4 Pro features a powerful 14-core CPU with 10 performance cores and four efficiency cores for a jump in multicore performance, along with up to a 20-core GPU that is twice as powerful as M4. With M4 Pro, the new MacBook Pro gets a massive 75 percent increase in memory bandwidth over the prior generation — double that of any AI PC chip.3 The new MacBook Pro with M4 Pro is up to 3x faster than models with M1 Pro, speeding up workflows like geo mapping, structural engineering, and data modeling.1

    MacBook Pro with M4 Pro offers:1

    • Up to 4x faster scene rendering performance with Maxon Redshift when compared to the 16-inch MacBook Pro with Core i9, and up to 3x faster when compared to the 16-inch MacBook Pro with M1 Pro.
    • Up to 5x faster simulation of dynamical systems in MathWorks MATLAB when compared to the 16-inch MacBook Pro with Core i9, and up to 2.2x faster when compared to the 16-inch MacBook Pro with M1 Pro.
    • Up to 23.8x faster basecalling for DNA sequencing in Oxford Nanopore MinKNOW when compared to the 16-inch MacBook Pro with Core i9, and up to 1.8x faster when compared to the 16-inch MacBook Pro with M1 Pro.

    MacBook Pro with M4 Max: The Ultimate in Pro Performance

    Designed for pros like data scientists, 3D artists, and composers who constantly push workflows to the limit, MacBook Pro with M4 Max empowers users to work on projects that were previously only imaginable on a desktop. M4 Max brings up to a 16-core CPU, up to a 40-core GPU, over half a terabyte per second of unified memory bandwidth, and a Neural Engine that is over 3x faster than M1 Max, allowing on-device AI models to run faster than ever. With M4 Max, MacBook Pro delivers up to 3.5x the performance of M1 Max, ripping through heavy creative workloads like visual effects, 3D animation, and film scoring.1 It also supports up to 128GB of unified memory, so developers can easily interact with LLMs that have nearly 200 billion parameters. And with the powerful Media Engine in M4 Max, which features two ProRes accelerators, MacBook Pro performance is amazing even when taking 4K120 fps ProRes video captured with the new iPhone 16 Pro and editing it in Final Cut Pro.

    MacBook Pro with M4 Max enables:1

    • Up to 7.8x faster scene rendering performance with Maxon Redshift when compared to the 16-inch MacBook Pro with Intel Core i9, and up to 3.5x faster when compared to the 16-inch MacBook Pro with M1 Max.
    • Up to 4.6x faster build performance when compiling code in Xcode when compared to the 16‑inch MacBook Pro with Intel Core i9, and up to 2.2x faster when compared to the 16‑inch MacBook Pro with M1 Max.
    • Up to 30.8x faster video processing performance in Topaz Video AI when compared to the 16‑inch MacBook Pro with Intel Core i9, and up to 1.6x faster when compared to the 16-inch MacBook Pro with M1 Max.

    Industry-Leading Liquid XDR Display Gets Even Better

    The new MacBook Pro introduces an all-new nano-texture display option that dramatically reduces glare and distractions from reflections. In bright lighting conditions, the new MacBook Pro can now show SDR content at up to 1000 nits and still displays HDR content at up to 1600 nits of peak brightness. All together, it’s a game-changing experience for users working outdoors.

    New 12MP Center Stage Camera

    MacBook Pro includes a new 12MP Center Stage camera that delivers enhanced video quality in challenging lighting conditions. Video calls are even more engaging with Center Stage, which automatically keeps users centered in the frame as they move around. The new camera also supports Desk View, which adds a whole new dimension to video calls. And with studio-quality mics and a phenomenal six-speaker sound system with support for Spatial Audio, MacBook Pro delivers an incredibly immersive audio experience whether users are listening to music or watching a movie in Dolby Atmos.

    Thunderbolt 5 Comes to the Mac

    MacBook Pro with M4 Pro and M4 Max features Thunderbolt 5 ports that more than double transfer speeds up to 120 Gb/s, enabling faster external storage, expansion chassis, and powerful docking and hub solutions. For example, by connecting just a single cable, pros like music producers can now light up their entire studio. All MacBook Pro models feature an HDMI port that supports up to 8K resolution, a SDXC card slot, a MagSafe 3 port for charging, and a headphone jack, along with support for Wi-Fi 6E and Bluetooth 5.3.

    A New Era with Apple Intelligence on the Mac

    Apple Intelligence ushers in a new era for the Mac, bringing personal intelligence to the personal computer. Combining powerful generative models with industry-first privacy protections, Apple Intelligence harnesses the power of Apple silicon and the Neural Engine to unlock new ways for users to work, communicate, and express themselves on Mac. It is available in U.S. English with macOS Sequoia 15.1. With systemwide Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write. With the newly redesigned Siri, users can move fluidly between spoken and typed requests to accelerate tasks throughout their day, and Siri can answer thousands of questions about Mac and other Apple products. New Apple Intelligence features will be available in December, with additional capabilities rolling out in the coming months. Image Playground gives users a new way to create fun original images, and Genmoji allows them to create custom emoji in seconds. Siri will become even more capable, with the ability to take actions across the system and draw on a user’s personal context to deliver intelligence that is tailored to them. In December, ChatGPT will be integrated into Siri and Writing Tools, allowing users to access its expertise without needing to jump between tools.

    Apple Intelligence does all this while protecting users’ privacy at every step. At its core is on-device processing, and for more complex tasks, Private Cloud Compute gives users access to Apple’s even larger, server-based models and offers groundbreaking protections for personal information. In addition, users can access ChatGPT for free without creating an account, and privacy protections are built in — their IP addresses are obscured and OpenAI won’t store requests. For those who choose to connect their account, OpenAI’s data-use policies apply.

    An Unrivaled Experience with macOS Sequoia

    macOS Sequoia completes the new MacBook Pro experience with a host of exciting features, including iPhone Mirroring, allowing users to wirelessly interact with their iPhone, its apps, and notifications directly from their Mac.4 Safari, the world’s fastest browser,5 now offers Highlights, which quickly pulls up relevant information from a site; a smarter, redesigned Reader with a table of contents and high-level summary; and a new Video Viewer to watch videos without distractions. With Distraction Control, users can hide items on a webpage that they may find disruptive to their browsing. Gaming gets even more immersive with features like Personalized Spatial Audio and improvements to Game Mode, along with a breadth of exciting titles, including the upcoming Assassin’s Creed Shadows. Easier window tiling means users can stay organized with a windows layout that works best for them. The all-new Passwords app gives convenient access to passwords, passkeys, and other credentials, all stored in one place. And users can apply new beautiful built-in backgrounds for video calls, which include a variety of color gradients and system wallpapers, or upload their own photos.

    The Perfect Time to Upgrade or Switch to a Mac

    Upgraders will get monumental improvements over Intel-based MacBook Pro models, including the amazing features of Apple Intelligence. When compared to an Intel-based MacBook Pro, the new MacBook Pro provides nearly 10x faster performance for AI-based workloads,1 and for graphics-intensive workloads, users get up to 20x faster performance.6 With battery life on the new MacBook Pro now up to 24 hours, upgraders will also experience up to 14 additional hours. And with the Liquid Retina XDR display, a new 12MP Center Stage camera, an immersive six-speaker sound system, the unrivaled experience of macOS Sequoia, and more, there’s never been a better time to upgrade or switch to MacBook Pro.

    MacBook Air: The World’s Most Popular Laptop Now Starts at 16GB

    MacBook Air is the world’s most popular laptop, and with Apple Intelligence, it’s even better. Now, models with M2 and M3 double the starting memory to 16GB, while keeping the starting price at just $999 — a terrific value for the world’s best-selling laptop.

    Better for the Environment

    The new MacBook Pro is built to last and incredibly durable, created from a custom alloy that uses 100 percent recycled aluminum in the enclosure. It also uses 100 percent recycled rare earth elements in all magnets, and 100 percent recycled tin soldering, gold plating, and copper in multiple printed circuit boards. The packaging for the 14-inch MacBook Pro is now entirely fiber-based, joining the 16-inch MacBook Pro and bringing Apple closer to its goal to remove plastic from its packaging by 2025.

    Today, Apple is carbon neutral for global corporate operations and, as part of its ambitious Apple 2030 goal, plans to be carbon neutral across its entire carbon footprint by the end of this decade.

    Pricing and Availability

    • Customers can pre-order the new MacBook Pro starting today, October 30, on apple.com/store and in the Apple Store app in 28 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, beginning Friday, November 8.
    • The 14-inch MacBook Pro with M4 starts at $1,599 (U.S.) and $1,499 (U.S.) for education; the 14‑inch MacBook Pro with M4 Pro starts at $1,999 (U.S.) and $1,849 (U.S.) for education; and the 16‑inch MacBook Pro starts at $2,499 (U.S.) and $2,299 (U.S.) for education. All models are available in space black and silver.
    • Additional technical specifications, including the nano-texture display and configure-to-order options, are available at apple.com/mac.
    • MacBook Air with M2 and M3 comes standard with 16GB of unified memory, and is available in midnight, starlight, silver, and space gray, starting at $999 (U.S.) and $899 (U.S.) for education.
    • New accessories with USB-C — including Magic Keyboard ($99 U.S.), Magic Keyboard with Touch ID ($149 U.S.), Magic Keyboard with Touch ID and Numeric Keypad ($179 U.S.), Magic Trackpad ($129 U.S.), Magic Mouse ($79 U.S.), and Thunderbolt 5 Pro Cable ($69) — are available at apple.com/store.
    • Apple Intelligence is available now as a free software update for Mac with M1 and later, and can be accessed in most regions around the world when the device and Siri language are set to U.S. English. The first set of features is in beta and available with macOS Sequoia 15.1, with more features rolling out in the months to come.
    • Apple Intelligence is quickly adding support for more languages. In December, Apple Intelligence will add support for localized English in Australia, Canada, Ireland, New Zealand, South Africa, and the U.K., and in April, a software update will deliver expanded language support, with more coming throughout the year. Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and other languages will be supported.
    • With Apple Trade In, customers can trade in their current computer and get credit toward a new Mac. Customers can visit apple.com/shop/trade-in to see what their device is worth.
    • AppleCare+ for Mac provides unparalleled service and support. This includes unlimited incidents of accidental damage, battery service coverage, and 24/7 support from the people who know Mac best.
    • Every customer who buys directly from Apple Retail gets access to Personal Setup. In these guided online sessions, a Specialist can walk them through setup, or focus on features that help them make the most of their new device. Customers can also learn more about getting started with their new device with a Today at Apple session at their nearest Apple Store.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing was conducted by Apple from August through October 2024. Battery life varies by use and configuration. See apple.com/macbook-pro for more information.
    2. Testing was conducted by Apple in October 2024 using shipping competitive systems and select industry-standard benchmarks.
    3. Based on published technical specifications of shipping competitive chips as of October 2024.
    4. Available on Mac computers with Apple silicon and Intel-based Mac computers with a T2 Security Chip. Requires that the user’s iPhone and Mac are signed in with the same Apple Account using two-factor authentication, their iPhone and Mac are near each other and have Bluetooth and Wi-Fi turned on, and their Mac is not using AirPlay or Sidecar. Some iPhone features (e.g., camera and microphone) are not compatible with iPhone Mirroring.
    5. Testing was conducted by Apple in August 2024. See apple.com/safari for more information.
    6. Results are compared to previous-generation 1.7GHz quad-core Intel Core i7-based 13-inch MacBook Pro systems with Intel Iris Plus Graphics 645, 16GB of RAM, and 2TB SSD.

    Press Contacts

    Michelle Del Rio

    Apple

    mr_delrio@apple.com

    Starlayne Meza

    Apple

    starlayne_meza@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

  • MIL-OSI Economics: OTC Europa: BaFin warns about websites otceuropa.com, otceuropa.info und otc-500.support

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about services offered by OTC Europa on the websites otceuropa.com, otceuropa.info und otc-500.support. BaFin has information that the company is offering financial services without the required authorisation. There is also a connection to the “OTC-500” platform, which BaFin has already warned about.

    Financial services may only be offered in Germany if the company provid-ing these services has the necessary authorisation from BaFin to do this. However, some companies offer these services without the required au-thorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.

    Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) 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: Identity fraud: BaFin warns consumers against offers on websites waystone-im.de and wim-finanzberatung.de

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    Federal Financial Supervisory Authority BaFin warns against alleged fixed-term deposit offers on the websites waystone-im.de (previously: waystone-im.com) and wim-finanzberatung.de. The services are not actually being offered by Waystone Investment Management (IE) Limited, German Branch. This is a case of identity fraud by unknown perpetrators. Contrary to the information on the website, BaFin does not supervise alleged Waystone Investments.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin’s database of companies.

    Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) 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: How the B20 is turning policy into action for a sustainable future

    Source: International Chamber of Commerce

    Headline: How the B20 is turning policy into action for a sustainable future

    As a B20 Network Partner, ICC supported the Brazilian National Confederation of Industry (CNI) in the fulfilment of the theme – contributing to the development of impactful policy recommendations, leveraging the participation of 11 ICC Executive Board members across a range of Task Forces, and ICC and World Chambers Federation leadership in the B20 International Business Advisory Caucus.

    The B20 is a global platform for the international business community to support the work of the G20 process. Here’s how ICC is working to help the B20 turn policy into action.

    Improving representation of women in B20 Task Forces

    As a partner institution of a new B20 initiative to help increase the representation of women in B20 membership and leadership, ICC pledged to support B20 presidencies by proposing women candidates eligible to chair B20 task forces and encouraging women to become B20 members through the mobilisation of the global ICC network in over 170 countries. The SheLeads B20 initiative aims to achieve 50% female representation by 2030. ICC Secretary General John W.H. Denton AO, who co-chaired a B20 Task Force on Finance and Infrastructure, signed the pledge on behalf of ICC, together with representatives from the OECD, Business at OECD, and International Organisation of Employers (IOE). Prominent women leaders, ICC Honorary Chair Maria Fernanda Garza, ICC Board Member Lama Al-Sulaiman and ICC World Chambers Federation First Vice-Chair Marie Christine Oghly co-chaired B20 Brazil Task Forces on Integrity and Compliance, Employment and Education, and Women, Diversity and Inclusion in Business respectively. Five additional female ICC Board Members (Candace Johnson, Rebecca Enonchong, Marienne Coutinho, Marjorie Yang, and Patricia Nzolantima) were also Members of B20 Task Forces this year.

    Women in trade

    ICC is also a proud supporter of B20 Brazil’s Women in Trade legacy initiative. Working in collaboration with the International Trade Centre (ITC) and the Organisation for Economic Co-operation and Development (OECD), the initiative saw the G20 and B20 partner to share knowledge and best practices for inclusive trade policy designed to increase women’s participation in international trade.

    Combatting food loss and waste

    The Summit also saw the launch of an ICC-B20 Global Challenge against Food Loss and Waste to address food insecurity. The Initiative aims to identify, through a global challenge, private sector projects that can contribute to tackle the most critical issues related to food loss and waste.

    Following a consultation phase, businesses worldwide will be invited to submit proposals aimed at addressing the five biggest challenges related to food loss and waste. The highest-ranking projects will be presented at the FAO World Food Forum in October 2025, providing an opportunity for further visibility and engagement with key stakeholders. A founding member of the Global Alliance Against Hunger and Poverty, one of the Brazilian G20 Presidency’s key initiatives, ICC is committed to leveraging the unique expertise and network of the private sector to support and scale integrated solutions to sustainably and equitably feed the world.

    Addressing B20 participants on a panel looking at how B20 Brazil legacy initiatives are turning policy into action, ICC Secretary General John W.H. Denton AO said:

    “Through the ICC-B20 Global Challenge against Food Loss and Waste, we aim to act as a bridge between the B20 and G20, ensuring public-private collaboration to achieve lasting solutions to poverty and hunger worldwide.”

    MIL OSI Economics –

  • MIL-OSI Economics: Gulf of Maine Wind Lease Sale is a Step Towards American Floating Wind Leadership 

    Source: National Ocean Industries Association – NOIA

    Headline: Gulf of Maine Wind Lease Sale is a Step Towards American Floating Wind Leadership 

    For Immediate Release: Tuesday, October 29, 2024NOIA .org
    Gulf of Maine Wind Lease Sale is a Step Towards American Floating Wind Leadership 
    Washington, D.C. – National Ocean Industries Association President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) held a wind lease sale in the Gulf of Maine. The auction resulted in two provisional winners on four lease areas and over $21.9 million in winning bids. Milito said: 
    “Today’s lease sale further opens the door for American floating wind leadership. This is a step to further developing and deploying innovative floating wind technology. With floating wind, we can harness wind resources that were previously out of reach, positioning the U.S. as a global leader. Our expertise and workforce can be at the forefront of building the first generation of floating wind projects worldwide.

    “Offshore wind is a transformative endeavor that brings substantial benefits to communities nationwide, creating new jobs and driving investments. From coast to coast, workers and companies in states far from the actual project sites are already contributing to the burgeoning American offshore wind industry. The Gulf of Maine projects will rely on this extensive network of skilled professionals and businesses, providing local residents with new energy opportunities and generating economic growth across the nation.”

    ##
    About NOIA The National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.

    MIL OSI Economics –

  • MIL-OSI Economics: Members address digitalization, capacity building at trade facilitation meeting

    Source: WTO

    Headline: Members address digitalization, capacity building at trade facilitation meeting

    In line with the Committee’s 2024 theme “Use of Digitalization to Facilitate Trade,” five members – China, El Salvador, Georgia, Jamaica, and Japan – shared national experiences with the use of digitalization in the “Single Window for Trade Facilitation” process. Under the TFA, members undertake to establish a single window enabling traders to submit documentation and data related to the importation, exportation, or transit of goods through a single entry point.
    In addition, another six members – Bolivia, Chile, Fiji, the Kyrgyz Republic, Nicaragua, and Uzbekistan – made presentations at the Committee meeting on different topics related to TFA implementation, such as average release times for goods, pre-arrival processing, electronic certification of cross-border shipment of plastics, digitalization of border procedures, and regional trade facilitation strategies.
    The TFA entered into force in 2017 and contains provisions for expediting the movement, release, and clearance of goods, including goods in transit, thereby enhancing efficiency, and promoting greater cooperation in cross-border transactions. It is the first WTO agreement in which developing members and least developed country (LDC) members can determine their own implementation schedules, in accordance with their national priorities and capacities, and seek to acquire implementation capacity through the provision of related assistance and support.
    Technical assistance and capacity building
    The Committee also organized a dedicated session on 24 October focused on technical assistance and capacity building, which allowed beneficiary and donor members as well as international development partners to interact and exchange ideas on the topic. 
    Members received an update on progress in technical assistance and capacity building support for the next two-year period through 2026, including a status report from the Trade Facilitation Agreement Facility, which was set up to help developing and least developed country (LDC) members in the implementation of the TFA. This year, members redesigned the dedicated session to focus on interactive panel discussions. A first discussion took place on enhancing the coordination of technical assistance and capacity building, followed by a round-table discussion where members involved in both the delivery and receipt of technical assistance and capacity building addressed how to mobilize such support for sustained reform.
    The Chair expressed appreciation for the constructive engagement of all members, which enriched the discussion and highlighted the importance of collaboration and the need to address ongoing challenges for sustained support. Additionally, member insights on coordination, monitoring, and tailored assistance will contribute to strengthening implementation efforts and ensuring that trade facilitation benefits all members, including developing and LDC members.
    Separately, the United States presented a communication on technical assistance and capacity building which outlines considerations regarding its process of delivering technical assistance, including how to identify specific national contacts, prepare for engagement with donors, and contact donors. During the course of the meeting, the United Kingdom also circulated a paper outlining some general guidance that countries could follow to help guide them in seeking and successfully utilising collaboration with donors for capacity building support.
    Other Committee work
    The WTO Secretariat provided a status report concerning the ratification and implementation of the TFA. Notifications submitted by developing and LDC members currently show they have committed to implement 79% of their TFA obligations. Developed members were required to implement all provisions of the TFA from its entry into force.
    Other topics covered during the meeting included the United States’ concern over Indonesia’s customs procedures for intangible products. In addition, members continued discussions on a revised version of a Committee paper entitled “Good Practices and Building Blocks of Successful National Trade Facilitation Committees”, which seeks to reflect the experiences shared by members and international organizations in this area.
    The next committee meetings will be held on 12-13 March, 4-5 June and 21-23 October 2025.
    All presentations made are available here.
    If you would like to receive news on trade facilitation, subscribe to the TFA Newsbytes here.

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    MIL OSI Economics –

  • MIL-OSI Economics: A NEW SATELLITE AGREEMENT TO STRENGTHEN THE PAN-AFRICAN STRATEGIC PARTNERSHIP BETWEEN FRANCE AND MOROCCO

    Source: Thales Group

    Headline: A NEW SATELLITE AGREEMENT TO STRENGTHEN THE PAN-AFRICAN STRATEGIC PARTNERSHIP BETWEEN FRANCE AND MOROCCO

    • French President Emmanuel Macron set to meet with Moroccan King Mohammed VI on a state visit this week.
    • Morocco’s Panafsat and Thales Alenia Space sign memorandum of understanding to build a pan-African satellite telecommunications system.

    Rabat, October 29, 2024 – Moroccan company Panafsat and Thales Alenia Space, the joint venture between Thales (67%) and Leonardo (33%), today announced they had signed a memorandum of understanding (MoU) for the development of a Moroccan satellite communications system. The system will deliver very-high-throughput services (VHTS) to 26 African countries, 23 of them in French-speaking Africa, covering a combined population of around 550 million people over an area spanning 12 million square kilometers.

    The memorandum of understanding between the Moroccan operator Panafsat and Thales Alenia Space was signed today as part of the state visit of French President, Emmanuel Macron, to the Kingdom of Morocco,in the presence of Nadia Fettah Alaoui, Moroccan Minister of the Economy and Finance and Antoine Armand, French Minister of the Economy, Finance and Industry.

    Under the MoU, Thales Alenia Space will build a very-high-performance flexible satellite. Once in orbit, the satellite will deliver high-speed internet to accelerate the transformation of Africa’s digital landscape. This will be achieved by providing the connectivity required for high value-added services for the benefit of governments, businesses and individuals. It will also help bridge the digital divide in rural and isolated communities.

    Chairman and CEO of Panafsat Ahmed Toumi stated: “This project is the next key stage in the digital transformation process and the development of a digital economy in Morocco, and across Africa as a whole. It will change the lives of millions of people, eager to benefit from Internet access and all the essential services they need. We are delighted to be able to draw on the outstanding expertise and capabilities of a partner like Thales Alenia Space. We look forward to working together on this major project, which will bring significant benefits across the continent.”

    Thales Alenia Space CEO Hervé Derrey added: “It is a privilege for Thales Alenia Space to be chosen by Panafsat to deliver this new geostationary telecommunications satellite. The project will make a significant contribution to bridging the digital divide in rural areas, as well as boosting economic growth and strengthening digital sovereignty across the African continent. We are honored to embark on this long-term partnership with Africa’s foremost private operator, helping it to expand its capabilities and develop space services for the benefit of the entire continent.”

    The MoU is part of a roadmap developed by France and Morocco encompassing digitalization initiatives such as Digital Economy for Africa (DE4A) and Digital Morocco 2030, as well as the hosting of the FIFA World Cup 2030 in Morocco.

    About Panafsat

    Panafsat SA is a Moroccan private equity firm with Casablanca Finance City (CFC) status.

    It was set up by Ahmed Toumi, an elected board member of the ITU (International Telecommunication Union) Radio Regulation Board from 1998 to 2002. Ahmed Toumi was also Chairman and Director-General of ITSO-Intelsat (the International Telecommunications Satellite Organization) from 2001 to 2009. He was awarded the Order of the Throne Officer class. Panafsat is developing Morocco’s first geostationary satellite to provide Internet access for 26 African countries. The project will contribute to the digital transformation of Africa in line with regional and global objectives.

    Press contact

    Kaoutar HAKAM            Tel: +33 7 79 80 39 26               kaoutar.hakam@panafsat.ma

    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 9 countries, with 16 sites in Europe and a plant in the US. www.thalesaleniaspace.com

    THALES ALENIA SPACE – PRESS CONTACTS

    Tarik Lahlou                    Tel: +33 (0)6 87 95 89 56           tarik.lahlou@thalesaleniaspace.com

    Catherine des Arcis       Tel: +33 (0)6 78 64 63 97           catherine.des-arcis@thalesaleniaspace.com

    Cinzia Marcanio             Tel.: +39 (0)6 415 126 85           cinzia.marcanio@thalesaleniaspace.com

    MIL OSI Economics –

  • MIL-OSI Economics: Fannie Mae Releases September 2024 Monthly Summary

    Source: Fannie Mae

    WASHINGTON, DC – Fannie Mae’s (FNMA/OTCQB)  September 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

    MIL OSI Economics –

  • MIL-OSI Economics: Zambia: African Development Bank’s Sustainable Energy Fund for Africa approves $8 million for development of 25 MW Solar Plant

    Source: African Development Bank Group

    The African Development Bank Group’s Board of Directors has approved an $8 million concessional loan to support the construction of a  25MW Solar Photovoltaic power plant in Zambia. The financing for the Ilute Plant will be sourced from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed by the Bank. Ilute is expected to advance  Zambia’s sustainable development and help the country unlock its renewable energy potential.

    The venture has faced rising costs associated with  the COVID-19 pandemic and other challenges. Serengeti Energy Ltd and Western Solar Power Ltd are leading the plant development in Zambia’s Sesheke District. Competitively selected by GreenCo Power Services Ltd (GreenCo), this project will serve as a pilot for GreenCo’s energy aggregator model under the Zambia Electricity Supply Corporation Limited (ZESCO) open grid access framework. Acting as an intermediary off-taker, GreenCo will purchase the generated electricity through a 25-year Power Purchase Agreement and sell it to the Southern African Power Pool Day-Ahead Market.

    “We are delighted to support the Ilute Solar PV project – which will be the first project to use Africa GreenCo as an intermediate off-taker. SEFA’s support has been instrumental in bridging the financing gap and will pave the way for future projects that contribute to Southern Africa’s energy transition,” said Dr Daniel Schroth, African Development Bank Director for Renewable Energy and Energy Efficiency.

    Anton-Louis Olivier, CEO of Serengeti Energy, acknowledged SEFA’s support. He said, “We appreciate the support from the African Development Bank Group and SEFA in helping us move the Ilute 25MW Solar PV project forward. This loan addresses the financial challenges we’ve faced due to the pandemic and rising costs. The Ilute project is a testament to innovative collaboration and serves as a pioneering model for future renewable energy initiatives in Zambia as well as the wider region.” Serengeti Energy is a leading renewable independent power producer specialising in the development, construction, and operation of utility-scale renewable energy plants tailored to the needs of both public and private off-takers.

    ABOUT SEFA

    SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. SEFA offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects and improve the risk-return profile of individual investments. The Fund’s overarching goal is to contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the New Deal on Energy for Africa and Sustainable Development Goal 7.

    MIL OSI Economics –

  • MIL-OSI Economics: Good news for the Páramos at COP16

    Source: CAF Development Bank of Latin America

    CAF -development bank of Latin America and the Caribbean, with the support of Cumbres Blancas, positioned itself at the COP16 in Cali as the first multilateral institution to address the protection of the páramos with a comprehensive vision that seeks not only environmental conservation, but also the improvement of the quality of life of local communities that depend on these ecosystems.

    High mountain ecosystems, especially páramos, play a fundamental role in environmental sustainability and the well-being of millions of people. However, climate change, unsustainable land use and other human activities are seriously threatening these strategic ecosystems.

    In this context, the páramos, which are found exclusively in Colombia, Ecuador, Peru and Venezuela, are recognized as the most biodiverse high mountain ecosystems in the world. They are home to more than 35,000 species of plants and vertebrates, ranking first in diversity of birds, mammals and amphibians, and second in reptiles. In addition, these ecosystems provide critical services to more than 60 million people who depend directly on their resources, including water and energy supply for cities such as Bogotá, Quito, and Cuenca.

    The alliance with Cumbres Blancas reflects the institution’s commitment to promote concrete actions for the restoration and protection of the páramos, and aims to develop initiatives such as the construction of community nurseries, the creation of green employment capacities, and the restoration of watersheds, which are vital to guarantee access to drinking water and energy in these regions.

    CAF’s strategic actions in the páramos are aimed not only at mitigating the impacts of climate change, but also at fostering the resilience of the communities living in these territories. Community nurseries, for example, will be a fundamental tool for restoring native flora and reforesting degraded areas. In addition, the creation of green jobs in sectors such as sustainable agriculture and natural resource management will directly contribute to improving the socioeconomic conditions of local populations.

    Alicia Montalvo, CAF’s Climate Action and Positive Biodiversity Manager, said, “The challenge we face is not only to protect the biodiversity of the páramos, but to translate our knowledge and efforts into concrete actions to ensure their preservation. Our collaboration with ACTO and other institutions is key to obtaining accurate data and coordinating regional efforts, ensuring that resources are optimally invested where they are most needed.

    CAF has already launched several initiatives in the region, ranging from ecological restoration to the promotion of sustainable bio-businesses. One of the most outstanding examples is the work being carried out with the 56 Puruhá indigenous communities of the Cotopaxi páramo, in Ecuador, through a bio-business project promoted together with the Global Environmental Facility (GEF), the Ministry of the Environment and the Heifer Foundation. This project aims to strengthen the organic quinoa production chain and improve the socioeconomic conditions of more than 600 families.

    In addition, CAF is promoting, in collaboration with the GEF, a project that seeks to reduce the climate risk affecting paramo populations in Colombia, Ecuador, Peru, and Bolivia. This initiative will directly benefit more than 360,000 people, improving the capacity to adapt to climate change in these vulnerable areas. The goal is to ensure that these strategic ecosystems can continue to provide vital services to local populations.

    MIL OSI Economics –

  • MIL-OSI Economics: Gartner Survey Shows 85% of Learning and Development Leaders Agree There Will Be a Surge in Skills Development Needs Due to AI and Digital Trends in Next 3 Years

    Source: Gartner – IT Research

    Headline: Gartner Survey Shows 85% of Learning and Development Leaders Agree There Will Be a Surge in Skills Development Needs Due to AI and Digital Trends in Next 3 Years

    As digital and AI trends continue to disrupt work, 85% of learning and development (L&D) leaders agreed that the need for skills development will significantly increase, according to Gartner, Inc. This research was showcased today during the Gartner ReimagineHR Conference, taking place here through Wednesday.

    MIL OSI Economics –

  • MIL-OSI Economics: ACP Statement on DOD and BOEM Memorandum of Understanding on Offshore Wind Development

    Source: American Clean Power Association (ACP)

    Headline: ACP Statement on DOD and BOEM Memorandum of Understanding on Offshore Wind Development

    ATLANTIC CITY, NJ, October 29, 2024 – The American Clean Power Association (ACP) released the following statement from Anne Reynolds, ACP Vice President Offshore Wind after the Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DOD) signed a Memorandum of Understanding (MOU) to support the coordinated development of offshore wind energy generation on the U.S. Outer Continental Shelf (OCS). The MOU was signed today at ACP’s Offshore WINDPOWER conference in Atlantic City:
    “Today’s MOU between BOEM and DOD fosters interagency collaboration that the offshore wind industry needs for efficient and smart permitting. This agreement ensures that renewable energy projects can be developed in harmony with military operations and U.S national security.”
    “The clear framework for communication and interagency collaboration enhances project planning and development. This strategic partnership will help pave the way for a sustainable future while creating good-paying jobs and strengthening U.S. energy independence. Together, BOEM and DOD are demonstrating a good government approach to growing U.S. energy independence.”

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung Sets New Benchmark in TV Security With FIPS 140-3 Certification

    Source: Samsung

     
    Samsung Electronics today announced that its proprietary cryptography module, Samsung CryptoCore,1 has earned the prestigious FIPS 140-3 certification2 from the National Institute of Standards and Technology (NIST). This certification underscores Samsung’s commitment to providing industry-leading security and data protection for Smart TV users.
     
    “As home entertainment systems become more connected, it becomes critical for technology companies to safeguard the personal data that enables the seamless connectivity enjoyed by so many,” said Yongjae Kim, Executive Vice President and Head of the R&D Team, Visual Display Business at Samsung Electronics. “By integrating the FIPS 140-3-certified CryptoCore into our Smart TVs, Samsung is taking our commitment to secure home entertainment a step further and ensuring that our users can freely experience the value of our products.”
     
    Beginning in 2025, Samsung CryptoCore will be fully integrated into Tizen OS,3 Samsung’s Smart TV operating system, enhancing the security of key products such as TVs, monitors and digital signage. With Samsung CryptoCore embedded in Tizen OS, personal data linked to Samsung accounts will be securely encrypted, SmartThings authentication information will be protected from external hacking threats and content viewed on TVs will benefit from enhanced copyright protection.
     
    Since 2015, Samsung has equipped its Smart TVs with Samsung Knox,4 a security platform that has earned Common Criteria (CC) certification5 for 10 consecutive years. But with its newly acquired FIPS 140-3 certification, Samsung has strengthened its defenses against hacking and data breaches even further, proactively protecting personal information with advanced encryption technology.
     
    Recognized by governments in 10 countries,6 the FIPS 140-3 certification requires comprehensive testing of cryptographic modules to ensure their security, integrity and reliability. For users, this means Samsung Smart TVs offer cutting-edge protection against privacy breaches, allowing them to enjoy their content, connect smart devices and engage with IoT services securely and without concerns.
     

     
    1 Samsung CryptoCore is a software library that encrypts and decrypts data during both transmission and storage.2 Federal Information Processing Standard (FIPS) 140-3 covers the security requirements for cryptographic modules.3 Tizen OS 9.0.4 Samsung Knox provides privacy protection on its Smart TVs through features like Tizen OS Monitoring, Phishing Site Blocking and Knox Vault. Knox Vault is available only on the QN900D and QN800D models.5 Common Criteria (CC) certification is a global security standard recognized by 31 countries for IT product integrity.6 Recognized in the United States, Canada, UK, Germany, France, South Korea, Japan, Singapore, Australia and New Zealand.

    MIL OSI Economics –

  • MIL-OSI Economics: Cali joins the Biodivercities Network at COP16

    Source: CAF Development Bank of Latin America

    The executive president of CAF, Development Bank of Latin America and the Caribbean, Sergio Díaz-Granados, and the Mayor of Cali, Alejandro Eder, signed the city’s adhesion to the Biodiverciudades Network, which promotes biodiversity conservation as a central part of planning, land use, and socioeconomic development of cities.

    “For me, the bank’s support was very important because of the expertise and peace of mind that comes from having a regional and world-class ally like CAF,” said Alejandro Eder.

    The mayor of Cali said that the best result of the COP16 in Cali is that it is generating a collective awareness towards biodiversity, and a reconnection of citizens with nature. He also mentioned some research and development projects, and ideas to integrate the Farallones to the city or promote ecotourism.

    “We are going to move from will to actions. You can count on CAF’s support,” said Sergio Diaz-Granados. “We want to accompany the region’s efforts to protect our biodiversity, be increasingly sustainable and face climate change with more guarantees,” he added.

    The Biodiverciudades Network, led by CAF, the Humbolt Institute and UN Habitat, aims to support the urban-territorial planning and management processes of Latin American and Caribbean governments that effectively integrate the conservation, restoration and sustainable use of biodiversity as a basis for their socioeconomic development and the improvement of people’s quality of life.

    MIL OSI Economics –

  • MIL-OSI Economics: Impact of Climate Risk on Fiscal Space: Do Political Stability and Financial Development Matter?

    Source: Asia Development Bank

    The findings highlight the impact on economies most vulnerable to climate change. The results suggest that factors such as political stability and financial development have the potential to alleviate these effects. It reveals that the influence of climate risk on fiscal capacity is more significant in situations of limited fiscal space. Implementing fiscal consolidation emerges as a crucial factor in mitigating the negative impact of climate risks on fiscal capacity, with political stability and financial development also playing pivotal roles.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN meets with Minister for Manpower of Singapore

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this morning met with Singapore’s Minister for Manpower and the host of the 28th ASEAN Labour Ministers’ Meeting (ALMM) Dr. Tan See Leng in Singapore. Dr. Kao congratulated Singapore and reaffirmed the ASEAN Secretariat’s full support for Singapore’s ALMM Chairmanship in 2024-2026. They also exchanged views on the Chair’s priorities, including the development of the post-2025 ASEAN Labour Ministers’ Work Programme and strategies to strengthen ALMM’s role in the ASEAN Community building efforts.

    The post Secretary-General of ASEAN meets with Minister for Manpower of Singapore appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Panasonic in Numbers: nanoe™ Device

    Source: Panasonic

    Headline: Panasonic in Numbers: nanoe Device

    The cumulative number of nanoe devices manufactured and shipped by Panasonic now exceeds 100 million units*. The devices, with properties that range from purifying and deodorizing the air to moisturizing the skin and hair, are now available in 107 countries worldwide.Research and development of the technology began in 1997, and the first practical device was introduced in 2003. Since being introduced, nanoe devices have continued to evolve, and the range of products incorporating this technology continues to expand. Today, nanoe devices are used not only in Panasonic products, but also in facilities and public spaces around the world, including railroad trains, automobiles, schools, hospitals, hotels, offices, and commercial facilities.
    * Cumulative global shipments of nanoe and nanoe X devices from September 2003 to June 2024** As of August 2, 2024

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics –

  • MIL-OSI Economics: ADB Approves $500 Million Loan to Support Climate and Disaster Resilience in Pakistan

    Source: Asia Development Bank

    MANILA, PHILIPPINES (29 October 2024) — The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change and disaster risk reduction and resilience in Pakistan.

    The Climate and Disaster Resilience Enhancement Program (CDREP) will strengthen Pakistan’s institutional capacity for planning, preparedness, and response; increase inclusive investment in disaster risk reduction and climate resilience; and support the scale up of disaster risk financing using a risk-layered approach.

    Pakistan is one of the most vulnerable countries to climate change and disasters triggered by natural hazards in Asia and the Pacific. Average losses from disaster events exceed $2 billion per year. Women and other vulnerable groups are disproportionately affected by climate change and disaster events.

    “This program builds on ADB’s longstanding work in Pakistan to understand and reduce climate and disaster risks and support effective disaster response,” said ADB Director General for Central and West Asia Yevgeniy Zhukov. “We are proud to support an integrated and comprehensive approach to climate and disaster risk management, including a portfolio of disaster risk financing instruments for timely and adequate funding for disaster response.”

    The program supports enhanced capacity for disaster risk mapping and modeling for investment and development decisions. It enhances coordination for disaster monitoring and response. It supports enhanced planning and prioritization of gender-sensitive and resilient public investments, including integrated flood risk management and nature-based solutions. 

    The program supports mobilization of climate finance from public and private sources. This includes issuance of a domestic green sukuk (Islamic bond). A key innovation of the program is the use of ADB’s Contingent Disaster Financing option for the first time in the Central and West Asia region. This will provide quick disbursing budget support in the event of a disaster.

    The program will support the establishment of a solidarity fund to facilitate the uptake of risk transfer solutions such as agriculture insurance. The program also supports shock-responsive social protection to deliver cash assistance in the event of a disaster.

    ADB has also approved a technical assistance grant of $1 million to support implementation of the program.

    Pakistan was a founding member of ADB. Since 1966, ADB has committed over $52 billion in public and private sector loans, grants, and other forms of financing to promote inclusive economic growth in Pakistan and improve the country’s infrastructure, energy and food security, transport networks, and social services.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

  • MIL-OSI Economics: ADB Appoints New Country Director for Bhutan

    Source: Asia Development Bank

    THIMPHU, BHUTAN (29 October 2024) — The Asian Development Bank (ADB) has appointed Sonomi Tanaka as its new Country Director for Bhutan.

    Ms. Tanaka will lead ADB’s operations in Bhutan and policy dialogue with the government, development partners, and other stakeholders. She will implement the newly approved country partnership strategy (CPS) 2024–2028 for Bhutan which aligns closely with the 13th Five-Year Plan of the government that aims to develop Bhutan into a sustainable and prosperous economy.

    “I look forward to working closely with the government and the people of Bhutan to reinforce Bhutan’s development efforts by strengthening public sector management, enabling private sector development, building climate-adaptive and resilient infrastructure, and enhancing human capital development to increase youth employability,” said Ms. Tanaka.

    Ms. Tanaka has over 30 years of professional experience, including 25 years with the ADB. In 2020, she was appointed as Country Director of ADB’s Resident Mission in the Lao People’s Democratic Republic, where she led the formulation of the CPS 2024-2028 and advanced critical policy reforms in collaboration with the World Bank and other partners to address macroeconomic challenges. She previously served as chief of the Gender Equity Thematic Group, responsible for overseeing and advising on ADB-wide operations to promote gender equality and women’s empowerment. Ms. Tanaka has worked extensively on gender and development, poverty reduction, social analysis, social protection, and community participation issues in Asia and the Pacific. Her sectoral expertise spans education, finance, health, infrastructure, natural resources management, public sector management, and urban development. Prior to joining ADB, she held roles in the World Bank’s South Asia Department and in development institutions in Japan.

    Ms. Tanaka is a national of Japan and holds a master of arts in gender and development from the Institute of Development Studies, Sussex University and a post-graduate diploma in development studies from the Institute of Developing Economies Advanced School in Japan. She has a bachelor’s degree in international relations from the University of Tokyo.

    Bhutan became a member of ADB in 1982. ADB has committed around $1.2 billion in loans, grants and technical assistance to the country, including cofinancing. ADB’s priority areas for support in Bhutan include energy, transport, urban infrastructure, water supply and sanitation, education, agriculture and natural resources, and finance. As of October 2024, ADB’s Bhutan portfolio includes 15 projects worth around $363 million.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

  • MIL-OSI Economics: ADB to Improve Rural Livehoods, Ecosystems and Climate Resilience in Qixia City, Shandong, PRC

    Source: Asia Development Bank

    MANILA, PHILIPPINES (30 October 2024) — The Asian Development Bank (ADB) has approved a $150 million loan to enhance the ecological and climate resilience, as well as rural livelihoods in Qixia City in Shandong Province, the People’s Republic of China (PRC).  

    “The Shandong Qixia Ecological Function Conservation Demonstration Project will provide a model of integrated city ecosystem management,” said ADB Country Director for the PRC Safdar Parvez. “The project will benefit more than 429,000 residents through enhanced natural resources, environmental living conditions, and livelihood opportunities. The practices and experiences in this ecologically sensitive area could be replicated in other parts of the PRC, as well as in other countries.”

    Qixia City serves as the primary water source for coastal Yantai municipality in northeast Shandong Province, a major apple-growing area. However, intensive use of agricultural chemicals and plastic has damaged soil and water quality in the vicinity. Climate change is also increasing the frequency and magnitude of weather-related disasters. The degradation of natural capital in the city is disrupting agriculture and food security.

    To improve sustainability practices for agriculture and rural livelihoods, the project will conduct soil testing and apply organic fertilizers and soil conditioners to improve soil quality, as well as promote ecotourism to provide a sustainable source of income for local communities, while also raising awareness about the importance of conserving the ecosystem.

    The project will pilot a smart orchard system that will have modern and environment-friendly practices, such as sensors, data analytics, automation, optimized fertigation, and pest control. It will also strengthen rural solid waste collection management. All contribute to more sustainable production systems with reduced chemical fertilizer and pesticide use.

    To protect natural capital, the project will rehabilitate degraded river courses through bank protection, flood control, and excavation of river blockages. It will also construct forest fire prevention pathways and implement sustainable forest pest control. Institutional capacity and coordination on integrated ecosystem management will also be strengthened.

    As part of ADB’s Yellow River Ecological Corridor Program, aligned with the PRC’s Yellow River Basin Ecological Protection and High-quality Development Plan, the project aims to adopt a model of integrated ecosystem management and building climate resilience. It has significant regional benefits, as it addresses the complex ecological and environmental challenges in the Yellow River region.

    The total project cost is estimated to be $362 million, with $212 million counterpart financing from the government, which includes $85 million cofinancing from the Agricultural Development Bank of China. More than $99 million of the ADB financing is earmarked for climate adaptation and mitigation. It is expected to be completed in 2030.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

  • MIL-OSI Economics: Replicating ADB Projects from the People’s Republic of China

    Source: Asia Development Bank

    Transcript

    Projects in the PRC offer rich potential for learning and replication—both domestically and abroad.

    Echoes of Success assembles five case studies in demonstration and replication of ADB-financed projects in the PRC.

    The five projects span diverse sectors—from nature conservation, green finance, water management, and energy efficiency, to road safety.

    Jiangsu Yancheng Biodiversity Protection Project restored nature reserves, and strengthened wetland protection and habitat management.

    The project’s insights in nurturing coexistence of rare species and humans have been applied to other wetlands, and inspired ADB’s Regional Flyway Initiative.

    Shandong Green Development Fund Project is a funding mechanism that mobilizes investment for climate projects and the environment.

    It has stimulated similar green finance initiatives in Southeast Asia, Central, and West Asia.

    Shaanxi Mountain Road Safety Demonstration Project is ADB’s first standalone road safety project.

    It adopts international road safety inspection, impact assessment, and design.

    The road safety program has been replicated in the PRC and Mongolia and won a global award from the International Road Federation.

    Shaanxi Accelerated Energy Efficiency and Environment Improvement Financing Project channeled funding to small and medium-scale clean energy investments in energy efficiency and emission reduction.

    The project’s pollution reduction, renewable energy heating, energy conservation technologies were replicated in two cities in Henan province.

    Wuhan Urban Environmental Improvement Project integrated sludge treatment and disposal systems, rehabilitated lakes, and strengthened water management.

    Lessons from the project design and implementation were applied to ADB projects in Huangshi and Huainan.

    Successful replication of projects requires active knowledge exchange, strong government support, and official recognition.

    ADB and the PRC will continue to promote regional and global development by sharing best practices and lessons in the PRC with other developing countries. 

    MIL OSI Economics –

  • MIL-OSI Economics: Development Asia: How Cities Can Combat Extreme Heat Using Nature-Based Solutions

    Source: Asia Development Bank

    Despite their broad potential, nature-based solutions are often overlooked in city cooling strategies. Key barriers include a lack of supportive policies, financial constraints, and limited institutional capacity.

    Addressing these challenges requires a multi-pronged approach that maximizes NbS benefits and integrates them into broader heat action plans. This must involve reducing waste heat (e.g., from transport and buildings), addressing cooling needs efficiently, and ensuring equitable access to thermal comfort. Key considerations for incorporating NbS into urban cooling strategies include:

    • Integrated planning: A systems approach ensures NbS are complemented by other solutions to maximize their benefits.
    • Equity: Cooling solutions must be distributed fairly, with heat equity embedded in planning to prevent future injustices.
    • Community participation: Involve women and vulnerable groups in designing and implementing cooling programs that deliver real benefits.
    • Local solutions: NbS should be tailored to local climates, needs, and traditional approaches (e.g., architecture).

    Studies suggest that 30% of cities should be dedicated to green or blue spaces. Achieving this requires enabling strategies like raising awareness, building institutional capacity, and securing financing. It also involves assessing current natural assets and identifying vulnerable communities. Partnerships with the private sector can help provide technical expertise and funding. In developing countries, protecting existing green spaces from development is the most effective way to maintain cooling.

    Creating a cooling-friendly urban form requires time and sustained effort. In the near term, practical, no-regret actions to build resilience to heat stress through NbS include:

    • Establishing champions and authorities to protect and enhance green and blue spaces
    • Conducting baseline assessments of green and blue spaces and identifying vulnerable communities
    • Investing in green and blue infrastructure, especially in public areas

    Tree planting is perhaps the simplest and most effective action to reduce urban heat—provided the right trees are planted in the right places as part of a coordinated city-wide greening effort. Steps taken today will help future generations benefit from NbS for cooling.

    MIL OSI Economics –

  • MIL-OSI Economics: Money Market Operations as on October 29, 2024

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 5,38,684.91 6.28 5.00-6.70
         I. Call Money 9,985.73 6.44 5.10-6.50
         II. Triparty Repo 3,89,946.80 6.26 6.16-6.40
         III. Market Repo 1,37,976.88 6.33 5.00-6.60
         IV. Repo in Corporate Bond 775.50 6.52 6.50-6.70
    B. Term Segment      
         I. Notice Money** 135.35 6.39 6.20-6.50
         II. Term Money@@ 651.50 – 6.65-6.95
         III. Triparty Repo 2,785.00 6.42 6.30-6.45
         IV. Market Repo 3,811.36 6.49 6.35-6.69
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Tue, 29/10/2024 1 Wed, 30/10/2024 4,514.00 6.75
    4. SDFΔ# Tue, 29/10/2024 1 Wed, 30/10/2024 1,21,659.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,17,145.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Fri, 18/10/2024 13 Thu, 31/10/2024 20,073.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo Fri, 25/10/2024 6 Thu, 31/10/2024 25,005.00 6.55
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,469.91  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     15,941.91  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,01,203.09  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on October 29, 2024 10,19,787.20  
         (ii) Average daily cash reserve requirement for the fortnight ending November 01, 2024 10,16,726.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 29, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on October 04, 2024 4,88,495.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1397

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN delivers remarks at the Opening Ceremony of the 28th ASEAN Labour Ministers’ Meeting in Singapore

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this morning delivered opening remarks at the Opening Ceremony of the 28th ASEAN Labour Ministers’ Meeting (ALMM) held in Singapore. Dr. Kao also joined Singapore’s Minister for Manpower Dr. Tan See Leng for the Ceremonial Sealing of the Time Capsule Commemorating 50 Years of the ALMM. The Time Capsule will be shipped to and displayed at the ASEAN Secretariat, with Singapore’s facilitation, and will be opened on the 75th Anniversary of ALMM.  

    Download the full remarks here.

    The post Secretary-General of ASEAN delivers remarks at the Opening Ceremony of the 28th ASEAN Labour Ministers’ Meeting in Singapore appeared first on ASEAN Main Portal.

    MIL OSI Economics –