Category: Economics

  • MIL-OSI Economics: How Honeywell is using Google AI to prepare for the industrial future

    Source: Google

    Industrial companies play a crucial role in our daily lives, whether it’s the airplanes we fly, the medical devices we use or the sensors that manage the air conditioning in our offices. But there’s a looming talent shortage and skills gap in the industrial sector, which could soon create massive challenges for businesses and economies worldwide.

    With an entire generation of workers retiring and — in many cases — no one coming behind them, industrial companies are under tremendous pressure. They are asking how they can maintain the same level of expertise with their current talent, and searching for the best tools to do the work and transition the knowledge between generations. This is essential to keep industrial systems (and the world at large) running every day.

    Enter Honeywell. The longtime industrial partner and technology leader for the industrial sector is collaborating with Google Cloud to further help solve the skills and labor shortages. With Vertex AI, Honeywell is helping industrial assets work harder, people work smarter and processes run more efficiently. As Suresh Venkatarayalu, Honeywell’s CTO and President of Honeywell Connected Enterprise, puts it, “We’re moving from automation to autonomy. Our goal is to equip companies with AI agents that assist workers in real time — on factory floors and in the field. With AI running both in the cloud and at the edge, we’re making sure that systems work smarter and more efficiently.”

    Industrial AI agents that act like workplace ‘coaches’

    For years, Honeywell has been collecting industrial data through Honeywell Forge, a digital platform that draws on designs, manuals, and real-world performance of Honeywell’s global install base (such as how products have behaved in different environments, where issues have occurred, and how to resolve them). Now, Honeywell is using Vertex AI and Google’s large language models (LLMs) to build AI agents, like workplace “coaches,” that make this trove of data more accessible and easier to understand.

    These AI-powered tools will also help automate tasks for engineers, warehouse workers, and technicians for Honeywell and its customers. For example, AI agents can troubleshoot equipment, suggest design improvements, and offer preventative maintenance insights, such as, “How did this unit perform last night?” or “Why is my system making this sound?”

    Edge AI tools to help devices monitor and process data

    Honeywell’s devices are used worldwide in a range of settings — from data centers to hospitals to refineries to warehouses. Internet access can often be challenging, especially in remote locations. To solve this, Honeywell is exploring how to use Gemini Nano to provide AI services at the edge of the network — right on devices like scanners, sensors and controllers — so they can operate autonomously, even when they aren’t connected to the internet.

    Gemini’s multimodal capabilities enable understanding of text, code, images, videos and audio, allowing Honeywell devices to process various data types, from scanning to voice-based guided workflow.

    With Google AI-powered agents, Honeywell is helping bridge the skills gap and ensure the future of the industrial sector. The first solutions built with Google Cloud AI will be available to Honeywell’s customers in 2025. You can find out more information and see future updates on our website.

    MIL OSI Economics

  • MIL-OSI Economics: With Copilot agents, Pets at Home unleashes an AI revolution

    Source: Microsoft

    Headline: With Copilot agents, Pets at Home unleashes an AI revolution

    After creating a platform in Azure that unites the data from its various operations, the company is focusing on the potential of AI, he said. Pets at Home is an early adopter of Microsoft Copilot Studio, where a business can create AI agents to act in support of different areas of the business. It coincides with Microsoft’s announcement October 21 of the ability to create autonomous agents to help build capacity for every sales, service, finance and supply chain team. 

    With early access to agent-building features in Copilot Studio, Pets at Home created an agent to help its retail fraud detection team investigate suspicious transactions. The company is planning on creating other agents to assist its colleagues in other areas. 

    It’s part of the company’s embrace of a range of AI services across departments. For veterinary colleagues, that means saving time on administrative tasks to be able to spend more time focused on patients. For the business as a whole, that means unifying the data from its different operations to create a better customer experience. 

    “We have some fantastic data – there are 8 million customers in our Pets Club, with 10 million pets,” he said. “We’re using machine learning and AI algorithms to produce recommendations for next best actions.”  

    “We can give information to our colleagues in our pet care centers about our customers’ pets, and what they would typically buy or need at their life stage. We can bring that same data to life across our organization so that we’re really relevant to customers, and we’re helping them make the best decisions for their pet, whether they are in a store, online or at the veterinary practice.”

    MIL OSI Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on Family Home Finance Private Limited, Mumbai, Maharashtra

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated October 17, 2024, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Family Home Finance Private Limited, Mumbai, Maharashtra (the company) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 52A of the National Housing Bank Act, 1987.

    The statutory inspection of the company was conducted by the National Housing Bank with reference to its financial position as on March 31, 2022 and March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

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

    The company had not:

    1. conducted risk categorisation of its customers;

    2. conducted review of risk categorisation of its customers; and

    3. conducted periodic updation of KYC of its customers.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1348

    MIL OSI Economics

  • MIL-OSI Economics: Save on the Latest AI Innovations during Samsung Week

    Source: Samsung

    Ready or not, the holiday season is almost here. It’s time to deck your halls with décor, make your list and check it twice. And to help you manage your holiday shopping, Samsung is kicking off the season with savings on our AI-powered portfolio.
    In 2024, we ushered in a new era of AI at Samsung, highlighted by the launch of our Galaxy S24 series , followed by a cutting-edge lineup of Samsung AI TVs and Bespoke AI.
    Now, we’re celebrating the 55 years of open collaboration that paved the path for these future-forward innovations. Head to Samsung.com now through November 1 for Samsung Week deals across our epic AI ecosystem, and explore our SmartThings Interactive Home to experience the magic of smarter living in action.
    Enjoy Even More Shopping Benefits this Holiday Season
    The season of giving is starting early with a special surprise for our Samsung loyalists. Typically only available when purchasing a new device, we’re offering current Galaxy owners 20% off Samsung Care+ with Theft and Loss1 on select smartphones2 for a limited time. Unlock the ultimate protection for your device with unlimited repairs for drops, spills, batteries and mechanical breakdowns, plus theft and loss coverage, same day replacements and Knox Guard Security. Click here to sign up before Open Enrollment ends on November 24.

    Make your holiday shopping a little sweeter with Samsung Rewards.3 Create or sign in to your Samsung account here and shop Samsung.com to start climbing the tiers and racking up rewards, including exclusive offers and early access to special events.
    We’ll be keeping you updated throughout the holiday season with a sneak peek at upcoming offers, ways to get involved and more, so be sure to check back here soon. To get started, check out some of our favorite AI-powered features designed to enhance your everyday.
    Transform your World with Samsung AI
    Galaxy AI: The next big thing is now in your hands. From barrier-free communication to simplified productivity and unconstrained creativity, Galaxy AI4 on your Samsung mobile device empowers you to unleash new possibilities. Use Circle to Search with Google5 to find the perfect gift you saw on your feed or Interpreter6 to translate face-to-face on your holiday travels with ease.
    Galaxy Z Fold6: Save up to $1,200 with eligible trade-in,7 or $500 without trade-in, plus save an additional $300 on select colors beginning 10/21 (promo price: starting at $1,519.99)

    Bespoke AI: Do less, live more with a smarter home. Let your appliances handle the hard stuff with seamless connectivity and AI-powered solutions. Use AI Vision Inside on your AI Family Hub + to keep track of food items in your fridge and automatically generate a list to make shopping for your dinner party a breeze.8 Experience peaceful party prep with AI-enhanced features on the Bespoke Jet Bot Combo AI , including AI Object Recognition, AI Floor Detect and more.
    Bespoke Jet Bot Combo AI: Get free Samsung Jet Bot Clean Station Dust Bags (5 pack) worth $39.99 with purchase of any Jet Bot Robot Vacuum beginning 10/21 (promo price: starting at $1,699.99)
    Samsung AI TVs: Experience amazing picture quality and sound – reimagined with AI Upscaling.9 The Samsung Neo QLED 4K lineup makes your favorite movies and shows look and sound better than ever before, thanks to 4K AI Upscaling.  Just sit back and watch as everything from older home videos to holiday classics, and even live sports are transformed into incredibly sharp 4K.
    85″ Class Samsung Neo QLED 4K (QN90D): Save $2,000 beginning on 10/21 (promo price: $2,799.99)
    For more on the latest deals and Samsung’s AI-powered portfolio, visit Samsung.com.

    MIL OSI Economics

  • MIL-OSI Economics: Open letter to climate ministers in advance of COP29 

    Source: International Chamber of Commerce

    Headline: Open letter to climate ministers in advance of COP29 

    Dear Ministers,  

    I am writing in advance of COP29 to seek your active support in ensuring the conference delivers robust and tangible outcomes capable of speeding climate mitigation and adaptation efforts across the real economy.

    Last year, the global business community unequivocally welcomed the successful adoption of the “UAE Consensus” as providing a clear path to keep global temperature increase to 1.5°C. COP29 must now deliver an outcome of equivalent ambition to enable the full implementation of that framework across all countries – and at the lowest possible economic cost.

    In this context, we urge you to ensure that COP29 delivers two core outcomes. Specifically:

    1. A truly ambitious, actionable, and comprehensive New Collective Quantified Goal on Climate Finance (“NCQG”).

      This should, of course, encompass a strong and central public finance commitment in keeping with the scale of climate finance needs of developing and climate-vulnerable economies. But – given that almost half of climate finance today is provided by private actors – we also urge you to seize the opportunity to incorporate in the NCQG an “outer layer” setting out a global investment target and an actionable roadmap to align the global financial system with the goals of the Paris Agreement.

      To be meaningful, this should include specific commitments to tackle prevailing barriers to the deployment of climate finance from private sources in developing economies – from the calibration of global financial stability rules to the impact of sovereign debt levels on climate-related investments. While we recognise that the solution to many of these challenges will need to be pursued outside the mandate of the UNFCCC, we believe a strong political commitment in the NCQG itself could have an important catalytic effect in advancing much-needed action by other relevant institutions.

      Barriers to the deployment of private climate finance are real, well evidenced and cannot be wished away by high-level targets. Setting a new action agenda to forge an enabling environment for private finance would – in our view – represent the biggest step forward in combatting climate change since the gavelling of the Paris Agreement.

      2. Full operationalisation of Article 6 of the Paris Agreement to unleash the potential of international carbon markets to accelerate the pace and scale of emissions reductions.

      In this context, we have been encouraged by the progress of negotiations in recent months in addressing outstanding issues on both Article 6.2 and 6.4 – but remain alert to continued differences amongst parties on critical provisions related to authorisations, registries and the sequencing of reporting and reviews.

      After almost a decade of negotiations, further delay in concluding outstanding guidance on Article 6.2 implementation and the operationalisation of a global trading mechanism under Article 6.4 would represent a serious blow to business confidence in the future of international carbon markets – placing a further (and entirely avoidable) drag on implementation efforts in the real economy.

      Given the scale of finance and efficiency savings that could be generated by robust cross-border carbon markets, we count on your leadership to resolve all outstanding issues with the necessary pragmatism in Baku – staying true to commitments made at prior COPs to avoid micro-management approaches and further politicisation of the issues at stake.

      Simply put: it is time to get a comprehensive and workable agreement on Article 6 over the line – laying the foundations for high-integrity cross-border carbon markets.

      Taken together, we believe these two core deliverables would provide the ideal foundation for governments to submit significantly upgraded Nationally Determined Contributions by 2025 – establishing clear and credible transition plans and coordinated policies at all levels, capable of enabling a virtuous cycle of green business investment in every country and real international cooperation.

      Companies across the International Chamber of Commerce’s global network are increasingly feeling the impacts of climate-related extreme weather events – from the destruction of infrastructure to the erosion of human capital. That is why we say – with genuine perspective – that decisions on finance and carbon markets cannot be delayed or deferred beyond this year.

      The time for action is now. And, in that spirit, please do not hesitate to let me know how we can best support you in ensuring COP29 delivers the ambitious and actionable outcomes the world – and, not least, the private sector – so desperately needs.


      Read more about ICC climate action policy

      MIL OSI Economics

    1. MIL-OSI Economics: New autonomous agents scale your team like never before

      Source: Microsoft

      Headline: New autonomous agents scale your team like never before

      Already, 60 percent of the Fortune 500 are using Microsoft 365 Copilot to accelerate business results and empower their teams. With Copilot supporting sales associates, Lumen Technologies projects $50 million dollars in savings annually. Honeywell(1) equates productivity gains to adding 187 full-time employees and Finastra is reducing creative production time from seven months to seven weeks.  

      Today, we’re announcing new agentic capabilities that will accelerate these gains and bring AI-first business process to every organization. 

      • First, the ability to create autonomous agents with Copilot Studio will be in public preview next month.  
      • Second, we’re introducing ten new autonomous agents in Dynamics 365 to build capacity for every sales, service, finance and supply chain team. 

      Copilot is your AI assistant — it works for you — and Copilot Studio enables you to easily create, manage and connect agents to Copilot. Think of agents as the new apps for an AI-powered world. Every organization will have a constellation of agents — ranging from simple prompt-and-response to fully autonomous. They will work on behalf of an individual, team or function to execute and orchestrate businesses process. Copilot is how you’ll interact with these agents, and they’ll do everything from accelerating lead generation and processing sales orders to automating your supply chain.  

      Empowering more customers to build autonomous agents in Copilot Studio 

      Earlier this year, we announced a host of powerful new capabilities in Copilot Studio, including the ability to create autonomous agents. Next month, these capabilities are shifting from private to public preview, allowing more customers to reimagine critical business processes with AI. Agents draw on the context of your work data in Microsoft 365 Graph, systems of record, Dataverse and Fabric, and can support everything from your IT help desk to employee onboarding and act as a personal concierge for sales and service.  

      Organizations like Clifford Chance, McKinsey & Company, Pets at Home and Thomson Reuters are already creating autonomous agents to increase revenue, reduce costs and scale impact. Pets at Home, the U.K.’s leading pet care business, created an agent for its profit protection team to more efficiently compile cases for skilled human review, which could have the potential to drive a seven-figure annual savings. McKinsey & Company is creating an agent that will speed up the client onboarding process. The pilot showed lead time could be reduced by 90% and administrative work reduced by 30%. Thomson Reuters built a professional-grade agent to speed up the legal due diligence workflow, with initial testing showing some tasks could be done in half the time. This agent can help Thomson Reuters increase the efficiency of work for clients and boost its new business pipeline.  

      Scaling your teams with 10 new autonomous agents in Dynamics 365  

      New autonomous agents enable customers to move from legacy lines of business applications to AI-first business process. AI is today’s ROI and tomorrow’s competitive edge. These new agents are designed to help every sales, service, finance and supply chain team drive business value — and are just the start. We will create many more agents in the coming year that will give customers the competitive advantage they need to future-proof their organization. Today, we’re introducing ten of these autonomous agents. Here are a few examples: 

      • Sales Qualification Agent: In a profession where time literally equals money, this agent enables sellers to focus their time on the highest priority sales opportunities while the agent researches leads, helps prioritize opportunities and guides customer outreach with personalized emails and responses. 
      • Supplier Communications Agent: This agent enables customers to optimize their supply chain and minimize costly disruptions by autonomously tracking supplier performance, detecting delays and responding accordingly — freeing procurement teams from time consuming manual monitoring and firefighting. 
      • Customer Intent and Customer Knowledge Management Agents: A business gets one chance to make a first impression, and these two agents are game changers for customer care teams facing high call volumes, talent shortages and heightened customer expectations. These agents work hand in hand with a customer service representative by learning how to resolve customer issues and autonomously adding knowledge-based articles to scale best practices across the care team. 

      As agents become more prevalent in the enterprise, customers want to be confident that they have robust data governance and security. The agents coming to Dynamics 365 follow our core security, privacy and responsible AI commitments. Agents built in Copilot Studio include guardrails and controls established by maker-defined instructions, knowledge and actions. The data sources linked to the agent adhere to stringent security measures and controls — all managed in Copilot Studio. These include data loss prevention, robust authentication protocols and more. Once these agents are created, IT administrators can apply a comprehensive set of features to govern their use. 

      Microsoft’s own transformation  

      At Microsoft, we’re using Copilot and agents to reimagine business process across every function while empowering employees to scale their impact. Using Copilot, one sales team has achieved 9.4% higher revenue per seller and closed 20% more deals(2). And thanks to Copilot, one team is resolving customer cases nearly 12% faster(3). Our Marketing team is seeing a 21.5% increase in conversion rate on Azure.com with a custom agent designed to assist buyers(4). And in Human Resources, our employee self-service agent is helping answer questions with 42% greater accuracy(5).  

      With Copilot and agents, the possibilities are endless — we can’t wait to see what you create. Start building agents in Copilot Studio today. Read more about autonomous agent capabilities on the Copilot Studio and Dynamics 365 blogs. Head to WorkLab for more insights on Microsoft’s own AI transformation.

      YouTube Video

      NOTES

      1. Statistics are from an internal Honeywell survey of 5,000 employees where 611 employees responded.
      2. Internal Microsoft Sales Team data based on 687 sellers of Microsoft 365 Copilot, Jan. – June 2024, as compared with sellers with low usage of Copilot. Regular usage of Copilot means sellers who use Copilot daily at least 50% of the time during the testing period.
      3. Internal Finance analysis of costs, comparing actuals for FY ’24 and projections for FY ’25.
      4. Internal CSS experiment conducted by Microsoft, 600 participants using Copilot Q&A function, Azure Core team, Nov. – Dec. 2023. These results are statistically significant at the 95th% confidence interval.
      5. Internal Microsoft Marketing Team data, June – Sept. 2024. Conversion means initiating the free account sign-up process on Azure.com.

      Tags: AI, Copilot, Copilot Studio, Dynamics 365, Microsoft 365 Copilot, Microsoft 365 Graph, Microsoft Dataverse, Microsoft Fabric

      MIL OSI Economics

    2. MIL-OSI Economics: AI is already changing work—Microsoft included

      Source: Microsoft

      Headline: AI is already changing work—Microsoft included

      The Path Forward

      Learnings from our AI transformation to date.

      • Play offense and defense to get AI’s full value
        AI helps boost employee productivity and drive cost efficiencies, but you shouldn’t stop there. A winning AI strategy requires playing both offense and defense—leveraging it to grow revenue and cut costs. Organizations that find ways to apply AI to supercharge their key differentiation will gain a real competitive advantage. Microsoft’s sales team used Copilot to unlock revenue while legal focused on reducing spend related to regulatory work. As AI gets increasingly integrated into every aspect of work, look for opportunities to apply it across every team, function, and process. 

      • Start with your biggest pain point, then apply AI
        We know from both our own experience and from working with customers that it can be hard to know where to start with AI. Ask yourself: what are one or two processes that—if you could make them faster, cheaper, or better—would be transformational to the business? Our marketing team focused on content creation, for instance, while customer service concentrated on case resolution. For every process, partnership with IT was critical to success.

      • Ground AI in your organizational data
        When AI is grounded in your company’s data and knowledge—like Copilot—you can steer it toward your goals and needs. And of course, security, data governance, and responsible AI are a must. As agentic capabilities grow, secure data-grounding becomes even more essential to gaining a competitive edge—enabling agents to manage data and actions across disparate systems. They will help marketing teams predict customer needs and opportunities, say, or human resources improve employee engagement, or customer service automate aspects of its support process.

      • Future-proof your organization by giving every employee an AI assistant 
        AI transformation is moving fast for all of us—and agentic capabilities will only accelerate the pace of change. AI assistants like Copilot will help employees manage a constellation of agents that perform tasks ranging from simple prompt-and-response queries to fully autonomous actions. The first step toward empowering people for this new way of working is to give every employee an AI assistant. As always, you can’t get there with technology alone. Every leader must build an AI-forward culture that empowers people to scale their impact and focus on the important work that only humans can do. 

      To learn more about how to create an AI-forward culture, subscribe to the WorkLab newsletter.


      1 Internal CSS experiment conducted by Microsoft; 600 participants using Copilot Q&A function, Azure Core team; Nov. – Dec. 2023. These results are statistically significant at the 95th percent confidence interval. 

      2 Internal Microsoft sales team data based on 687 sellers of Microsoft 365 Copilot from Jan. – June 2024, as compared with sellers with low usage of Copilot. Regular usage of Copilot means sellers who use Copilot daily at least 50% of the time during the testing period.

      3 Internal Microsoft marketing team data. June – Sept. 2024. Conversion means initiating the free account sign up process on Azure.com. 

      4 Internal HR experiment conducted by Microsoft, 33 participants, Oct. 2024. These results are statistically significant at the 95th percent confidence interval.

      5 Internal Microsoft Finance data, Oct. 2023 – Aug. 2024.

      6 Projected numbers based on internal Microsoft legal team study. 56 participants. May 2024. These results are statistically significant at the 95th percent confidence interval.

      7 Internal Microsoft IT experiment. 46 employee participants. Sept. 16-27, 2024. Success rate means: use of self-help resources through to resolution without contacting an agent. These results are statistically significant at the 95th percent confidence interval. 

      8 Internal Microsoft IT experiment. 46 employee participants. Sept. 16-27, 2024. These results are statistically significant at the 95th percent confidence interval.

      9 Internal Microsoft sales team data based on 687 sellers of Microsoft 365 Copilot from Jan. – June 2024, as compared with sellers with low usage of Copilot. High usage of Copilot means sellers who use Copilot daily at least 50% of the time during the testing period.

      10 Internal Microsoft sales team data based on 24,000 sellers. Oct. 2023 – June 2024. As compared with sellers with low usage of Copilot. Regular usage of Copilot means sellers who use Copilot daily at least 50% of the time during the testing period.

      11 Internal Microsoft legal team study. 56 participants. May 2024. [These results are statistically significant at the 95th percent confidence interval].

      12 Projected numbers based on internal Microsoft experiment of 56 participants from May 2024. Increased capacity means increasing the capacity for our legal professionals to meet the exponentially growing regulatory and compliance demands without a corresponding increase in resources (e.g., people and budget resources staying similar/flat). 

      13 Internal Microsoft marketing data based on use of Azure AI from a team that manages 35 commercial Microsoft web properties. Sept. 2024. Digital content creation process means brief creation, copywriting, web page creation, and sign-off. 

      14 Internal Microsoft marketing team data. June – Sept. 2024. Conversion means initiating the free account sign up process on Azure.com. 

      15 Internal CSS experiment conducted by Microsoft; 600 participants using Copilot Q&A function, Azure Core team; Nov. – Dec. 2023. These results are statistically significant at the 95th percent confidence interval.

      16 Office of Chief Economist, Wave 2.5 Study results of internal use of Copilot in Dynamics 365 Customer Service among Microsoft commercial business support engineers. Outcomes reflect results from 9,900 agents from a specific five-month period (April-September 2023). Findings were evaluated at the business unit level, not across the entire CSS organization

      17 Internal HR study conducted by Microsoft, 33 participants, Sept – Oct 2024. These results are statistically significant at the 95th percent confidence interval. 

      18 Internal Microsoft Finance data, Oct. 2023 – Aug. 2024.

      19 Internal Microsoft IT experiment. 46 employee participants. Sept. 16-27, 2024. Success rate means: use of self-help resources through to resolution without contacting an agent. These results are statistically significant at the 95th percent confidence interval.

      20 This is a projected number based on user testing of DACA Copilot and the 12-year long-standing DACA clinic metrics.

      MIL OSI Economics

    3. MIL-OSI Economics: Find voting information on Google Search and Maps

      Source: Google

      With the U.S. general election around the corner and voting already underway in many parts of the country, here are some useful features on Google Search and Maps to help you find information on voting:

      Know where to vote with Search and Maps

      As we’ve done in previous elections, this week we’ll begin showing official information about in-person voting and ballot dropbox locations. On Search, just look for things like “where to vote” or “ballot dropboxes,” follow the prompt to enter your registered address, and you’ll see available locations nearby based on the type of voting information you’re looking for. And on Maps, you can look up a specific voting location to find more information about hours and the types of voting offered there.

      Just like in past years, the official information in this feature will come from the Voting Information Project, a partnership between Democracy Works, a nonpartisan civic organization, and state and local election officials.

      Information in Search and Maps will update as state and local election officials update voting locations through the Voting Information Project. You’ll also always see a link directing you to your official state or local election office website to learn more.

      Get more information on how to vote in your state

      Want to know if you can vote early in your state? It’s easy to find out more about important voting information on Google Search. When you type queries like “how to vote” on Google Search, you’ll get authoritative information from state election offices, provided by Democracy Works. In addition to information such as whether you can vote early, or what you might need to bring, the feature shows you important voting deadlines in your state and how to check the status of your ballot.

      Find real-time Election Day results on Search

      As with previous U.S. elections, we’re working with The Associated Press (AP) to present election results on Google Search. Starting on Election Day, November 5, you can go to Google Search to get real-time updates on the election from the AP. The feature will update regularly as the AP receives updated vote count information on contests and ballot measures from election officials.

      So whether you’re looking for information about voting or for live results once the polls close on Election Day, Google Search and Maps have authoritative information to help you learn more.

      MIL OSI Economics

    4. MIL-OSI Economics: Samsung Health App Update Makes Accessing Health Records, Managing Medications and Food Tracking Easier

      Source: Samsung

      Samsung is committed to empowering users’ health routines with a seamlessly connected ecosystem of personalized wellness experiences. Samsung Health makes this possible by bringing together fragmented health data into a consolidated platform, enabling users to easily monitor their wellbeing.
      To further this mission, Samsung Health now offers expanded health management capabilities1, enabling users to easily access their health records, effectively manage medications, and track their daily food intake with convenience – all through the latest Samsung Health app update available starting today. To bring these advancements to life, Samsung has partnered with industry leading companies specializing in health data integration, medications tracking, and food barcode scanning, optimizing the experience in select markets.
      Manage Health Record from a Single, Secure Place

      With a new Health Records feature2, users can easily access medical records from clinics, hospitals, and major health networks — all in the Samsung Health app. Samsung has partnered with b.well Connected Health, a platform that consolidates the largest electronic medical record (EMR) systems in the United States. including athenahealth, Cerner Health, Epic Systems and Veradigm®. The Health Records feature guides users toward preventative care by offering meaningful insights and alerts that suggest next steps, such as recommending medical tests or actions. By offering a holistic view of their health history ─ including vaccination and prescription records, past hospital visits, and even specific test results ─ users can more effectively communicate with their healthcare providers by having their important medical details at their fingertips.
      Advanced Medications Tracking Expands to More Users

      Launched in the U.S. last year, the Medications tracking feature3 has allowed users to easily keep a record of medications, and access relevant tips and information including general descriptions, potential side effects, and warnings about drug interactions or food-related reactions. The feature is one of the most frequently used among Samsung Health app users in the U.S., with around two-thirds returning to manage their medications at least three times per week. Through the latest update, the Medications tracking feature allows more users to easily manage their medications with expanded functionalities and availability. With the visual search, users can easily add medications to their personal medication list by simply scanning the pill bottle with their phone camera. They can also check adherence levels and easily monitor medication progress, including details on dosage schedules or a missed dose, through an intuitive dashboard.

      Medications tracking feature is also expanding to South Korea and India, forging strategic initiatives with leading regional partners to offer insightful information to even more users. In the U.S., through its partnership with Elsevier, a globally recognized healthcare data hub, the Samsung Health app also provides warnings for over 960 types of allergies and potential reactions to medications. In Korea, with Korea Pharmaceutical Information Center (KPIC), an authoritative institute under the Korean Pharmaceutical Association, users can receive warnings about medications to avoid during pregnancy. Plus, in India, through a collaboration with Tata 1mg, India’s leading digital consumer healthcare platform, users can not only receive reminders to refill medications, but conveniently do so online when needed.
      Effortlessly Monitor Food Intake with Barcode Scanning

      It is essential to monitor one’s daily dietary intake and establish healthy eating habits. Barcode scanning has now been added to the Food tracker in Samsung Health, making it even easier to log food details such as names, calories and nutrition facts. In partnership with fatsecret, one of the largest global providers of verified food and nutrition data, users can simply scan food barcodes to receive necessary nutritional information automatically in the app. The feature will first be available in the U.S. and select European countries, including France, Germany, Italy, the Netherlands and Poland, and expand to additional markets in the future.
      Samsung is dedicated to shaping the future of comprehensive health management and continuously optimize wearable technology to bring smarter, more personalized solutions for everyday wellness. These advancements strengthen the foundation of Samsung’s digital health platform, and with other innovations, deliver more meaningful and impactful experiences globally.

      MIL OSI Economics

    5. MIL-OSI Economics: Digitorial_Elevate Your Everyday Moments with the Samsung Galaxy Z Series

      Source: Samsung

      The mobile industry continues to evolve rapidly, introducing new trends and technologies that shape our lives, and Samsung has redefined what is possible from a smartphone by pioneering the foldables category. Samsung’s best foldables yet meet the unique needs of every user and now enhanced by the power of Galaxy AI, they deliver an experience like never before.
       
      If you’re looking for a device that turns ordinary moments into extraordinary ones, the Galaxy Z Series is your ultimate companion. With the Galaxy Z Fold6 and Galaxy Z Flip6, Samsung has ushered in a new era of mobile technology, driven by Galaxy AI features that enhance everyday interactions, how you work, create, and stay entertained. With the powerful on-device and cloud-based AI, users can enjoy intuitive experiences while keeping their personal information secure.
       

       
      Seamless searching experience – imagine you’re at a café, enjoying your favourite drink, and you spot an interesting book on a nearby table. With the Circle to Search feature, simply take a picture of the book cover, circle it on your screen, and the Galaxy Z Series will instantly fetch relevant information, reviews, and even nearby bookstores that sell it. A feature that brings a new level of convenience, allowing you to explore and connect with your surroundings effortlessly.
       

       
      Galaxy AI has also enhanced barrier-free communication on the Galaxy Z Series. Travelling abroad? The Interpreter feature[1] is a game-changer. Just point your camera at a menu or a street sign, and the Galaxy Z Fold6 or Z Flip6 will translate the text in real time, making your travel experience smoother and more enjoyable. No more fumbling with translation apps or struggling to communicate; the world is now at your fingertips.
       
      The Galaxy Z Series is your passport to communication, working as your personal interpreter. Thanks to Galaxy AI’s Interpreter, you can translate live conversations to remove language barriers using either dual screen or listening mode for easy understanding, whether having a one-on-one conversation or listening during a lecture.
       

       
      The Galaxy Z Fold6 is also a gaming powerhouse that promises to elevate your experience to new heights with its impressive features and collaborations with top game developers. You can game harder and longer with a powerful 4400 mAh battery and the large 7.6-inch screen, which offers up to 2,600nit brightness for vivid graphics supported by Ray Tracing for more immersive gaming.
       
      The foldable form factor brings a whole new way of interacting with your device, and the S Pen gives you quick access to new Smart select and Sketch to image features, ensuring fast and easy drawing, writing and translating to expand the S Pen experience.
       
      These are just some of the ways the new foldables can make your life easier. Samsung’s Galaxy Z Series is not just about innovation; it’s also about aesthetic appeal and durability. With a sleek design featuring a straight edge and symmetrical construction, the Galaxy Z Fold6 and Z Flip6 are the slimmest and lightest Galaxy Z Series smartphones yet. The new cover screen ratio on the Galaxy Z Fold6 offers a more natural bar-type viewing experience and better grip when folded, making it comfortable to use and carry.
       
      Moreover, Samsung has engineered the most durable Galaxy Z Series yet, equipped with a Dual Rail Hinge and strengthened Folding Edge for enhanced resistance to physical impact. The improved layers on the main screen help minimise the visibility of the crease, ensuring a smoother visual experience. With an Armor Aluminum frame and Corning® Gorilla® Glass Victus® 2, these devices are built to withstand the rigors of daily life.
       
      Switching to the Galaxy Z Series has never been easier. Buy now and get up to 15% off the Galaxy Buds3 and/or Watch7, plus 50% off additional covers[2]. (terms and conditions apply). Until 30 September 2024, trade in your qualifying device and enjoy up to R15 000 off your new Galaxy Z Fold6 or Z Flip6[3]. Plus, until 31 October 2024, you can protect your device with a one-year Samsung Care+ protection plan

      MIL OSI Economics

    6. MIL-OSI Economics: High-level visit to the Busia One Stop Border Post (OSBP) and study tour on the impact of the East African Community (EAC) on fostering regional…

      Source: African Development Bank Group
      What:          High-level visit to the Busia One Stop Border Post (OSBP) and study tour on the impact of the East African Community (EAC) on fostering regional trade and integration, and empowering women traders
      Who:           African Development Bank Group and Mano River Union (MRU) Secretariat

      MIL OSI Economics

    7. MIL-OSI Economics: Samsung Care+ for the Galaxy Z Fold6 & Z Flip6: Your New Device, Protected

      Source: Samsung

      With the much anticipated Samsung Galaxy Z Fold6 and Z Flip6 now in stores, it’s reasonable for shoppers to expect an enhanced level of care tailored to the unique needs of foldable devices.
       
      The Standard Samsung Care+ plan offers essential protection for your Samsung Galaxy device, including one claim within a year, coverage for both the inner and outer screen in case of damage, eligibility for battery replacement upon claim (subject to inspection), and repairs conducted by Samsung-authorized technicians using genuine Samsung parts.
       
      Save R1000: Pay only R999 for 1 year screen protection
      To provide customers with unparalleled peace of mind, Samsung is offering a significant discount on its Samsung Care+ plan for a limited time. From July 10-to-31 October 2024, Samsung Galaxy Z Fold6 and Z Flip6 owners can purchase a 12-month Standard Samsung Care+ plan for just R999, representing a substantial R1000 saving on the regular R1999 price. This offer is only valid for 30 days from the date of purchase. To activate, visit https://www.samsung.com/za/offer/samsung-care-plus/.
       
      Customers can also opt for the Premium Samsung Care+ plan, offering expanded coverage beyond the Standard plan. This includes additional protection for the screen, motherboard, liquid damage, and battery replacement (subject to repair inspection). Customers have the flexibility to choose between a two or three-year plan and can select from either a one-time or monthly payment option, starting from R169 per month.
       

       
      Buy the Samsung Galaxy Z Fold6 and Z Flip6 now and get an accessories voucher of up to R2000 (Terms and Conditions apply). Additionally, you could receive up to R15 000 when you trade in your qualifying device towards the purchase of your new Galaxy Z Fold6 or Z Flip6.
       
       

      MIL OSI Economics

    8. MIL-OSI Economics: Galaxy Tab S10 Ultra: Faster and More Intelligent Than Ever Before

      Source: Samsung

      Samsung Electronics unveiled the Galaxy Tab S10 Ultra on September 26.
      The Galaxy Tab S10 Ultra features a large screen equipped with Dynamic AMOLED 2X technology for an optimal AI experience. The Galaxy Tab S10 Ultra also boasts an impressive, improved chipset. Upgrades include an 18% increase in CPU, 28% increase in GPU and 14% increase in NPU performance compared to its predecessor, the Galaxy Tab S9 Ultra.
      The experience is further enhanced with Dialogue Boost — an AI-powered feature that amplifies voices over unwanted noise in videos — so that users can immerse themselves in what they’re viewing with ultra-clear audio.
      Samsung Newsroom explored how Dialogue Boost works and compared the benchmark test results of the Galaxy Tab S10 Ultra and the Galaxy Tab S9 Ultra in the videos below.

      MIL OSI Economics

    9. MIL-OSI Economics: Promoting financial inclusion through technological innovation in the Americas

      Source: Bank for International Settlements

      Technology is rapidly changing how the financial system interacts with end users. Internet and smartphone coverage are rising, while physical access points to the financial system (eg bank branches) have declined. In this new environment, a plethora of new options in payments, credit, insurance and wealth management is supporting financial inclusion. Emerging market and developing economies are closing gaps with advanced economies in this regard.

      Increasing financial inclusion requires actions by the public and private sector, with central banks being a key player. Some are participating directly in their national financial inclusion strategies. Others are improving their retail payment systems and introducing immediate availability of fund transfers on a 24×7 basis. Experiences in the Americas, eg with Brazil’s Pix, show the dramatic potential of fast payment systems to support inclusion.

      Going forward, one of the most challenging areas is cross-border payments. Yet the potential for greater integration in the Americas is great. The BIS remains committed to supporting dialogue among central banks and encouraging disruptive innovations in financial and payment systems through its committees, its research and the BIS Innovation Hub. As we look to the future, integration of fast payment systems across the Americas, similar to in the BIS Innovation Hub Project Nexus, could hold significant potential.

      MIL OSI Economics

    10. MIL-OSI Economics: ADB Appoints Shanny Campbell as Lao PDR Country Director

      Source: Asia Development Bank

      VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (23 October 2024) — The Asian Development Bank (ADB) has appointed Shanny Campbell as its Country Director for the Lao People’s Democratic Republic (Lao PDR). She assumed office this week. Ms. Campbell will lead ADB’s operations in the Lao PDR in support of its national development goals, including its ambition to reduce greenhouse gas emissions by 60% by 2030.

      “I am honored to serve in this new role as ADB’s Country Director in the Lao PDR,” said Ms. Campbell. “I look forward to working closely with the government and development partners in supporting the country’s sustainable public finances, enhancing equitable access to services, and advancing its climate commitments.”

      Ms. Campbell, a national of New Zealand and the United Kingdom, joined ADB in 2010 from the private sector. She has 31 years of experience across 26 countries in the transport, energy, agriculture and water resources, and finance sectors. Prior to this appointment, she was ADB’s Country Director for Tajikistan. She holds a Master of Development and Bachelor of Science degrees from the Victoria University of Wellington, New Zealand.

      The Lao PDR has been a member of ADB since 1966. As of December 2023, ADB has committed 365 public sector loans, grants, and technical assistance totaling $2.7 billion to the country.

      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

    11. MIL-OSI Economics: ADB Approves $200 Million Loan to Enhance Livability in Uttarakhand, India

      Source: Asia Development Bank

      MANILA, PHILIPPINES (23 October 2024) — The Asian Development Bank (ADB) has approved a $200 million loan to help upgrade water supply, sanitation, urban mobility, and other urban services to enhance the quality of life and climate resilience of the people in Uttarakhand state in India.

      The Uttarakhand Livability Improvement Project will improve transportation and urban mobility, drainage, flood management, and overall public services in the city of Haldwani, which serves as the state’s economic hub. To enhance water supply service delivery in Champawat, Kichha, Kotdwar, and Vikasnagar, the project will finance the implementation of efficient and climate-resilient water supply systems.

      “Uttarakhand’s high vulnerability to climate and environmental risks such as floods and droughts adds to the pressing challenges in delivering good public services that are faced by the project towns,” said ADB Senior Urban Development Specialist Pedro Almeida. “With a projected increase in rainfall, temperatures, and flooding and landslides, upgrading infrastructure in these areas is critical not only to improve livability but also to ensure the population’s safety and health.” 

      In Haldwani, the project will develop 16 kilometers (km) of climate-resilient roads, establish an intelligent traffic management system, deploy compressed natural gas buses, and pilot electric buses. To prepare the city against disasters, the project will construct 36 km of stormwater and roadside drains to improve flood management and implement an early warning system. A green-certified administrative complex and bus terminal will be built to improve the delivery of public services. 

      In the towns of Champawat, Kichha, Kotdwar, and Vikasnagar, the project aims to increase water service coverage to 100% by constructing 1,024 km of climate-resilient pipelines with smart water meters, 26 tubewells with a daily capacity of 72,131 cubic meters, new reservoirs with 17,350 cubic meters of storage capacity, and a 3.5 million liter per day water treatment plant. Sanitation coverage in Vikasnagar will be improved by sewage treatment facilities that will benefit around 2,000 households.

      Measures to strengthen the institutional capacity of the Uttarakhand Urban Sector Development Agency and urban local bodies in project management, climate and disaster-resilient planning, and urban infrastructure management will be implemented under the project.

      The project will introduce initiatives for women, such as livelihood skills training on driving buses, bus ticketing, and the operation of electric charging stations. Given women’s role in monitoring water supply systems, the project will build the capacity of women, including those from vulnerable households, in operating and managing water supply and sanitation services. The project will pilot women-led community engagement in water bill distribution and collection in the four towns.

      The European Investment Bank is cofinancing the project with $191 million on a parallel basis, while the state government is contributing $74.9 million—bringing the total project cost to $465.9 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

    12. MIL-OSI Economics: Public–Private Partnership Monitor: Georgia

      Source: Asia Development Bank

      This report is part of an ADB flagship series that considers financing options and assesses constraints, such as low awareness and insufficient PPP opportunities at both local and national levels. The report also details how Georgia’s PPP Agency and PPP Law are supporting efforts to attract investment partners and bolster critical infrastructure that can further strengthen the economy.

      MIL OSI Economics

    13. MIL-OSI Economics: Money Market Operations as on October 22, 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) 563,557.45 6.65 5.10-6.85
           I. Call Money 9,130.51 6.65 5.10-6.85
           II. Triparty Repo 408,209.20 6.66 6.45-6.80
           III. Market Repo 145,104.74 6.61 6.00-6.85
           IV. Repo in Corporate Bond 1,113.00 6.75 6.70-6.85
      B. Term Segment      
           I. Notice Money** 281.00 6.65 6.00-6.90
           II. Term Money@@ 501.50 6.45-6.95
           III. Triparty Repo 657.00 6.70 6.60-6.75
           IV. Market Repo 874.20 6.66 6.62-6.80
           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, 22/10/2024 1 Wed, 23/10/2024 2,603.00 6.75
      4. SDFΔ# Tue, 22/10/2024 1 Wed, 23/10/2024 67,234.00 6.25
      5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -64,631.00  
      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          
           (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$       7,388.93  
      E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -9,144.07  
      F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -73,775.07  
      G. Cash Reserves Position of Scheduled Commercial Banks
           (i) Cash balances with RBI as on October 22, 2024 1,002,750.84  
           (ii) Average daily cash reserve requirement for the fortnight ending November 01, 2024 1,016,726.00  
      H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 22, 2024 0.00  
      I. Net durable liquidity [surplus (+)/deficit (-)] as on October 04, 2024 488,495.00  
      @ 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: 2024-2025/1356

      MIL OSI Economics

    14. MIL-OSI Economics: Energy storage solutions drive net-zero transition, says GlobalData

      Source: GlobalData

      Energy storage solutions drive net-zero transition, says GlobalData

      Posted in Disruptor

      In the race to achieve net-zero emissions, advanced energy storage technologies are emerging as a game-changer, transforming how various sectors harness renewable power. The latest breakthroughs, ranging from sodium-ion batteries that slash costs and improve safety to ultra-fast charging solutions that accelerate EV adoption, are reshaping the energy management across automotive, aerospace, residential, and commercial & industrial sectors among others, says GlobalData, a leading data and analytics company.

      Saurabh Daga, Project Manager of Disruptive Tech at GlobalData, comments: “Energy storage technologies are emerging as a cornerstone for the global shift to renewables, addressing critical challenges of intermittency and grid stability. Advanced solutions like solid-state batteries and sodium-ion alternatives are not just supplementing traditional lithium-ion systems but are driving significant improvements in safety, lifecycle, and cost efficiency. As industries from automotive to aerospace adopt these innovations, the potential to significantly reduce energy costs and cut greenhouse gas emissions becomes a tangible reality.”

      GlobalData’s latest Innovation Radar report, “Energy Storage: The Key to Unlocking a Sustainable Future”, highlights sector-specific advances and strategic innovations in energy storage, showcasing their potential to reshape industries like automotive, aerospace, and residential energy management.

      Automotive: Volkswagen subsidiary PowerCo’s partnership with QuantumScape has led to solid-state battery prototypes that could extend electric vehicle (EV) ranges up to 500,000 kilometers, setting new standards for durability and charging efficiency.

      Aerospace: GM Defense, a General Motors subsidiary, has developed an Ultium EV platform-based energy storage system for military use. The system supports multiple motors and adaptable configurations, reducing fossil fuel reliance and supply chain risks with its chemistry-agnostic design.

      Residential: Eaton’s collaboration with Tesla integrates Powerwall systems with advanced load management to provide homeowners with optimized energy use and backup capabilities during grid outages.

      Commercial & Industrial: Delectrik’s Vanadium flow batteries provide scalable, long-duration storage solutions for utility-scale renewable energy projects, and claim to reduce costs by up to 25% compared to traditional lithium-ion solutions.

      Daga concludes: “Energy storage is at the heart of the sustainable energy revolution, with the potential to transform how we store, manage, and deploy renewable power. Success will depend on scaling these technologies to meet the growing demand and fostering cross-industry collaborations that accelerate their adoption.”

      MIL OSI Economics

    15. MIL-OSI Economics: Australia PET imaging agents market to grow at 2% CAGR through 2033, forecasts GlobalData

      Source: GlobalData

      Australia PET imaging agents market to grow at 2% CAGR through 2033, forecasts GlobalData

      Posted in Medical Devices

      Prostate cancer is one of the most diagnosed cancers in Australia, making effective diagnostic tools and agents crucial for better patient outcomes. Positron emission tomography (PET) imaging agents, especially those targeting prostate-specific membrane antigen (PSMA), offer a powerful way to detect and monitor prostate cancer at a molecular level. Against this background, the Australian PET imaging agents market is expected to grow at a 2% CAGR through 2033, forecasts GlobalData, a leading data and analytics company.

      GlobalData’s Nuclear Imaging Agents Market Size by Segments, Share, Regulatory, Reimbursement and Forecast to 2033 report reveals that Australia accounts for around 15% of the Asia-Pacific nuclear imaging agents market in 2024.

      The Australian Therapeutic Goods Administration (TGA) has recently approved the use of Illuccix to diagnose prostate cancer and help identify a course of treatment, such as PSMA-targeted radionuclide therapy.

      Aditi Dakshesh Parikh, Medical Devices Analyst at GlobalData, comments: “The addition of this new indication is expected to bring a transformation in prostate cancer management as Illuccix remains the only PSMA-PET agent approved in Australia and listed on the Medicare Benefits Schedule, to date. By providing insights into cellular activity, PET imaging agents can detect disease recurrence and the effectiveness of the ongoing therapies can also be easily assessed.”

      The PET imaging agents’ market is witnessing a steady growth as these agents are poised to become integral not only in prostate cancer treatment but across a wider range of cancers.

      Parikh concludes: “PET imaging agents are becoming the essential components in modern medical diagnostics, setting new standards in clinical practice as a result of technological advancements in hybrid imaging systems such as PET/CT and PET/MRI, enhancing diagnostic accuracy and treatment outcomes.”

      MIL OSI Economics

    16. MIL-OSI Economics: US startups raise $91.7 billion VC funding during first three quarters of 2024, reveals GlobalData

      Source: GlobalData

      US startups raise $91.7 billion VC funding during first three quarters of 2024, reveals GlobalData

      Posted in Business Fundamentals

      The US saw a slight year-on-year (YoY) improvement in terms of venture capital (VC) funding deals value during the first three quarters (Q1-Q3) of 2024 despite a decline in deal volume. A total of 3,529 VC deals of worth $91.7 billion were announced during the period. This represents a YoY growth of 0.9% in funding value even as VC deal volume fell by 35.1%, according to GlobalData, a leading data and analytics company.

      An analysis of GlobalData’s Deals Database revealed that the US saw the announcement of 5,520 VC deals of worth $90.9 billion during Q1-Q3 2023.

      Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Economic uncertainties, geopolitical tensions, and the ongoing conflicts have affected the US VC deal landscape in terms of deal volume. However, this did not impact the US’ dominance in global VC funding landscape.  as it continues to maintain a significant lead in VC funding activity by deal volume as well as value to other countries but the lead is now much more pronounced in terms of funding value. The US accounted for more than half of the VC funding amount raised globally during Q1-Q3 2024.”

      The US accounted for 28.9% share of the total number of VC deals announced globally during Q1-Q3 2024 while its share of the corresponding funding value stood much higher at 50.1%.

      It is also noteworthy that the US witnessed announcements of 209 VC deals valued more than or equal to $100 million during Q1-Q3 2024 whereas the number of such deals during Q1-Q3 2023 stood at 162.

      Some of the notable VC funding deals announced in the US during Q1-Q3 2024 include: $6 billion raised by X.AI, $1.5 billion by Anduril Industries, $1.1 billion by CoreWeave, $1 billion by Scale AI, $1 billion by Wiz, $1 billion by Xaira Therapeutics and $1 billion worth funding raised by Safe Superintelligence.

      Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.

      MIL OSI Economics

    17. MIL-OSI Economics: India’s sustainable eating habits offer glimmer of hope to mitigate climate change, says GlobalData

      Source: GlobalData

      India’s sustainable eating habits offer glimmer of hope to mitigate climate change, says GlobalData

      Posted in Consumer

      Sustainable eating encompasses of practices such as minimizing food waste, prioritizing plant-based diets, and consuming locally sourced foods. India is known for its extensive history of vegetarian diets. As the world grapples with the urgent need to address climate change, India’s sustainable eating habits offer a glimmer of hope to address the heightened ecological concerns, according to GlobalData, a leading data and analytics company.

      India’s traditional, climate friendly dietary habits have been spotlighted as a global blueprint for sustainable living in a recent Living Planet Report by the World Wide Fund for Nature (WWF). It identified India’s food consumption pattern as the most climate friendly among G20 nations. The report further stated that if all countries across the globe would adopt the current food consumption pattern of India, the world would need 0.84% of an Earth to support food production by 2050+.

      Shravani Mali, Consumer Analyst at GlobalData, comments: “In recent years, India observed an intensified vegan movement, especially in metropolitan cities. The country’s current food consumption practices, emphasizing plant-based diets and climate-resilient crops such as millets, require fewer resources and generate lower emissions compared to meat-heavy diets. This transition is also connected to a wider focus on sustainability. Underlining this trend, 79% of Indian respondents in GlobalData’s recent consumer survey stated that the sustainable/environmentally friendly feature is essential/nice to have when deciding to make a food and drinks purchase*.”

      Mali adds: “Traditional Indian diets primarily consist of lentils, grains, and vegetables. For instance, “Thali” is a meal that includes a combination of various food groups and shows a strong connection to the country’s land and history. These traditional diets, which place an emphasis on seasonal and local produce, are becoming more popular as environmental issues gain more attention. Consequently, with increasing awareness, consumers will look forward to curtailing environmental burdens by adopting traditional dietary practices that prioritize plant-based foods.”

      Deepak Nautiyal, Consumer and Retail Commercial Director, APAC and Middle East at GlobalData, notes: “The Indian government has introduced several initiatives to promote environmentally sustainable practices in the country. For instance, the government launched schemes such as National Millet Campaign and the International Year of Millets (2023) to enhance the production and consumption of millets since it is an environmentally sustainable source of food and nutrition. In addition to this, the National Mission for Sustainable Agriculture (NMSA) aims to improve climate-resilient farming.

      “Furthermore, the socioeconomic advantages of sustainable food production are exemplified by the Andhra Pradesh Community-Managed Natural Farming (APCNF) program in southern India. Hence, these initiatives have positively contributed to India’s food practices as a model of sustainability.”

      Mali concludes: “By adopting climate-friendly diet, individuals can make a tangible impact on the environment. Adopting Indian sustainable eating habits worldwide offers a clear path to address critical environmental and health challenges. With the food system being one of major contributors to global greenhouse gas emissions, shifting towards plant-based diets, as exemplified by Indian cuisine, could reduce emissions significantly, creating a more sustainable future for generations to come.”

      *GlobalData 2024 Q3 Consumer Survey – India, with 500 respondents, published October 2024

      MIL OSI Economics

    18. MIL-OSI Economics: ADB Approves $86.67 Million Grant to Develop Green Road Corridor in Tajikistan

      Source: Asia Development Bank

      DUSHANBE, TAJIKISTAN (23 October 2024) — The Asian Development Bank (ADB) has approved a $86.67 million grant to help Tajikistan further improve national road connectivity by developing a demonstration green corridor in the country.

      The project will upgrade the existing degraded two lane 49-kilometer Dangara–Guliston road, widening this to four lanes. The project is the first to pilot the innovative methods promoted in the ADB green roads toolkit.

      “ADB, in partnership with other organizations, promotes safe, accessible, and green transport infrastructure and services in our developing member countries,” said ADB Director General for Central and West Asia Yevgeniy Zhukov. “The Dangara–Guliston road, which was constructed in the 1930s and reconstructed in the 1970s, will become the first road in Tajikistan to incorporate climate adaptation and specific design elements that account for women and girls.”

      Applying the green roads toolkit to the road design improves the quality of life for those living in the vicinity of the road; strengthens road network climate resilience and disaster preparedness; reduces pollution; and conserves biodiversity. While a lack of electric vehicle chargers in rural areas limits the potential growth of this market in Tajikistan, the project will fund two pilot charging stations and develop investment frameworks to catalyze private sector investment in a national charging infrastructure rollout.

      To enhance safety, the newly reconstructed road will include dedicated cycleways and sidewalks for women with children and people with disabilities. It will also have improved lighting, as well as safe and well-marked crossings—with the design and location of safety features determined through a community co-design process. Special toilets and changing facilities will be provided for travelling mothers and babies, while public transport facilities will include preferential seating for people with disabilities.

      To improve livelihood and employment opportunities for local villagers, the project will arrange training for women living in and around the project area on how to open and run small businesses. ADB’s project will also award entrepreneurship grants to selected participants.

      The Government of Tajikistan will provide counterpart funding of $23 million, while the European Bank for Reconstruction and Development (EBRD) will provide a $40 million cofinancing loan subject to the EBRD Board approval in early 2025. The Ministry of Transport will be the executing agency for the project, which is due to be completed in 2030.

      Developed in collaboration with the International Road Federation and MetaMeta Research, ADB’s green roads toolkit guides the planning, design, construction, and maintenance of roads while ensuring environmentally sustainable practices. The toolkit helps engineers, planners, decision makers, and practitioners balance economic, social, and environmental objectives to make roads in Asia and the Pacific greener.

      Tajikistan joined ADB in 1998. For 26 years, ADB has supported a wide range of sectors from strategic road and energy infrastructure to health, education, agriculture, urban development, public sector management, and finance for a total of over $2.7 billion in assistance—including over $2.2 billion in grants.

      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

    19. MIL-OSI Economics: Asian Development Blog: How Strengthened Regulations and Healthcare Can Prevent Lead Poisoning

      Source: Asia Development Bank

      Lead exposure remains a significant public health threat in Asia and the Pacific, especially in low- and middle-income countries. The global effort to address lead poisoning must focus on stricter regulations, enhanced healthcare capacity, and coordinated international action to protect vulnerable populations.

      The harmful effects of lead poisoning have been well-established since ancient times, with the First Century Roman writer Vitruvius warning of the health hazards of the widely-used metal. Today, we know that “there is almost no function in the human body which is not affected by lead toxicity.” 

      Lead exposure increases deaths from cardiovascular diseases among adults, particularly in low and middle-income countries. The long-term storage of lead in bones can lead to a wide range of health effects, including high blood pressure and renal failure.

      For pregnant women and their babies, lead exposure is particularly devastating—it can cross the placental barrier, causing complications of pregnancy, miscarriages, stillbirths, and low birth weight. 

      In children, lead exposure has long-term and irreversible impacts on mental function reducing educational performance and employment opportunities. Together, these health consequences for individuals compromise the economic growth and social stability of entire countries.

      While high income countries have significantly reduced lead exposure through rigorous testing, targeted research, and robust policy interventions, low- and middle-income countries, including several in Asia and the Pacific, continue to grapple with dangerously high levels of lead exposure. 

      An estimated 95% of the world’s IQ loss and 90% of cardiovascular deaths from exposure to lead is in low and middle-income countries, according to a 2023 study. The economic costs of lead exposure are staggering, with losses in total GDP of 10.5% in East Asia and the Pacific, 9.1% in South Asia, and 8.9% in Sub-Saharan Africa. 

      With effective interventions, high-income countries have reduced this economic impact of lead exposure to losses of 5.0% of total GDP but have not yet eliminated all sources of lead exposure.

      The scale of the challenge is immense. Lead exposure causes three times as many deaths as exposure to unsafe water and sanitation and just as many deaths as air pollution. South Asia has some of the highest blood lead levels in the world with India alone home to 275 million children affected by lead poisoning —this amounts to half of all India’s children and one-third of the children affected by lead globally. 

      Bangladesh struggles with chronic lead exposure, largely due to contaminated spices, while Afghanistan faces a “silent epidemic” linked to lead-leaching cookware. 

      In the Philippines, 2021-2022 data from the Expanded National Nutrition Survey shows that over a million Filipino children ages 6-9 years have elevated blood lead levels. In Indonesia, more than 8 million children are estimated to have high blood lead levels with millions more at risk from lead paint covering homes and public facilities.  

      Across Asia and the Pacific, the informal recycling of used lead-acid batteries continues to poison communities, contaminating air, soil, and water.

      The different sources of lead exposure complicate the challenge to remove the problem, however, the scope of the health and socioeconomic damage from lead demands decisive and comprehensive action. But we are not starting from zero. 

      The evidence base is robust, and the solutions are within reach. What remains is the political will and coordinated action across sectors to implement them effectively. The recent launch of the Partnership for a Lead-Free Future at the United Nations General Assembly marks a watershed moment in the global fight against lead poisoning.

      Exposure to lead is one of the most preventable public health threats, and yet it remains a pervasive environmental poison.

      Health systems are at the forefront of the response toward a lead-free future. 

      Developing countries must strengthen health regulatory frameworks and enforce existing standards for lead content in products such as food, cosmetics, paints, and water. Inconsistent enforcement has been a major barrier in reducing exposure, and this must be addressed with urgency. 

      Stronger regulatory oversight and harsher penalties for non-compliance will be key, particularly in industries known for high lead usage. International development partners, through technical advice and policy-based lending, can play a pivotal role in incentivizing reforms and ensuring their effective implementation.

      Building healthcare capacity is crucial. Healthcare professionals have low knowledge of the symptoms of lead poisoning, such as irritability and lethargy in mild doses and tremors and other neuropathies in higher doses. 

      Training is needed so that health workers identify lead poisoning and provide timely referrals for treatment. Developing the necessary healthcare infrastructure—from rural clinics to urban hospitals—is fundamental to ensuring that testing, treatment, and prevention measures can be implemented from communities, primary care facilities to hospitals. 

      Health actions should support the establishment of systematic, large-scale testing and data collection systems. Reliable data plays an essential role in understanding the full scope of lead exposure and to inform targeted interventions. Alongside quantitative measurements, the use of qualitative and ethnographic data is invaluable tool to understand how and why lead-contaminated products are used – and who is exposed to them.

      Public awareness is critical. Surveys reveal that knowledge about the dangers of lead exposure is shockingly low. Large-scale educational and health promotion campaigns must be launched to raise awareness of the sources and effects of lead poisoning, particularly in communities most at risk.

      While the health sector has a role in addressing lead poisoning, whatever the source, the scale and complexity of the problem demands coordinated action well beyond a single sector. 

      Governments, civil society, multilateral institutions, development agencies and the private sector must all come together to share resources, knowledge, and best practices. Only through collaboration can we hope to reduce and ultimately eliminate lead from our environment. The launch of the Partnership for a Lead-Free Future is a vital step in bringing stakeholders together. 

      Exposure to lead is one of the most preventable public health threats, and yet it remains a pervasive environmental poison. The science is clear; the solutions are known. A lead-free future is not just a possibility—it is a necessity. 

      By acting now, we can safeguard the health and potential of millions of children, secure the economic and social well-being of developing countries, and ensure a healthier, brighter Asia and Pacific for generations to come.
       

      MIL OSI Economics

    20. MIL-OSI Economics: Ishimbay Opens Central Square Reconstructed with Rosneft Support

      Source: Rosneft

      Headline: Ishimbay Opens Central Square Reconstructed with Rosneft Support

      Thanks to Bashneft’s (a subsidiary of Rosneft) support, the Square of the Discoverers of Bashkir Oil was reconstructed in Ishimbay. The grand opening of the square was timed to coincide with a Town Day.

      Reconstruction and improvement of one of the town’s favourite recreational spots were carried out within the framework of the Cooperation Agreement between Rosneft and the Republic of Bashkortostan.

      Rosneft is committed to the principles of social responsibility and pays special attention to creating a favourable social environment in the regions of operation. Ishimbay is one of the industrial centers of the south of Bashkortostan and the earliest centre of the republic’s oil industry. Commercial production of Bashkir oil began here in 1932. А monument, which became its symbol, a twelve-meter granite figure of a geologist, was installed on the main square of the town in 1969.

      The concept of large-scale renovation of the central square of Ishimbay, where about 70 thousand people live, was developed based on the wishes of the inhabitants. The renovated square now has an amphitheatre for cultural events, recreation areas with benches, swings and canopies, and a large modern playground for children. Now the territory of the square is also accessible for people with disabilities. The area around the square is planted with fruit trees and shrubs. The reconstruction included the installation of energy efficient lighting and upgraded utilities. Asphalt sidewalk and sidewalk tiles were also replaced.

      Over the past five years, with the support of Bashneft, significant social projects have been implemented in the Ishimbaysky District, including the reconstruction of the district hospital in the village of Petrovskoye, the renovation of the children’s clinic and secondary school No. 3 in Ishimbay.

      Reference:

      Bashneft (a subsidiary of Rosneft) is one of the oldest oil and gas enterprises in the country engaged in oil extraction and processing. The enterprise’s key assets, including the refinery and petrochemical complex, are located in the Republic of Bashkortostan.

      Within the framework of the Cooperation Agreement between Bashkortostan and Rosneft, projects regarding the construction and reconstruction of social and sports facilities, water supply and drainage systems, improvement of parks, public gardens and roads in districts and cities have been implemented and significantly improved the level of social welfare in the Republic. Over the last five years, Bashkir oilmen have financed the construction and reconstruction of more than 300 socially important facilities.

      Rosneft
      Information Division
      August 26, 2024

      Keywords: Social News 2024

      MIL OSI Economics

    21. MIL-OSI Economics: The Crypto Game of Lazarus APT: Investors vs. Zero-days

      Source: Securelist – Kaspersky

      Headline: The Crypto Game of Lazarus APT: Investors vs. Zero-days

      Introduction

      Lazarus APT and its BlueNoroff subgroup are a highly sophisticated and multifaceted Korean-speaking threat actor. We closely monitor their activities and quite often see them using their signature malware in their attacks — a full-feature backdoor called Manuscrypt. According to our research, Lazarus has been employing this malware since at least 2013 and we’ve documented its usage in 50+ unique campaigns targeting governments, diplomatic entities, financial institutions, military and defense contractors, cryptocurrency platforms, IT and telecommunication operators, gaming companies, media outlets, casinos, universities, and even security researchers — the list goes on.

      On May 13, 2024, our consumer-grade product Kaspersky Total Security detected a new Manuscrypt infection on the personal computer of a person living in Russia. Since Lazarus rarely attacks individuals, this piqued our interest and we decided to take a closer look. We discovered that prior to the detection of Manuscrypt, our technologies also detected exploitation of the Google Chrome web browser originating from the website detankzone[.]com. On the surface, this website resembled a professionally designed product page for a decentralized finance (DeFi) NFT-based (non-fungible token) multiplayer online battle arena (MOBA) tank game, inviting users to download a trial version. But that was just a disguise. Under the hood, this website had a hidden script that ran in the user’s Google Chrome browser, launching a zero-day exploit and giving the attackers complete control over the victim’s PC. Visiting the website was all it took to get infected — the game was just a distraction.

      We were able to extract the first stage of the attack — an exploit that performs remote code execution in the Google Chrome process. After confirming that the exploit was based on a zero-day vulnerability targeting the latest version of Google Chrome, we reported our findings to Google the same day. Two days later, Google released an update and thanked us for discovering this attack.

      Acknowledgement for finding CVE-2024-4947 (excerpt from the security fixes included into Chrome 125.0.6422.60)

      Having notified Google about the discovered vulnerability, we followed responsible vulnerability disclosure policy and refrained from sharing specific details in public, giving users sufficient time to apply the patch. This approach is also intended to prevent further exploitation by threat actors. Google took additional steps by blocking detankzone[.]com and other websites linked to this campaign, ensuring that anyone attempting to access these sites — even without our products — would be warned of their malicious nature.

      While we respected Google’s request for a set disclosure period, on May 28, 2024, Microsoft published a blog post titled “Moonstone Sleet emerges as new North Korean threat actor with new bag of tricks,” which partially revealed our findings. According to the blog, Microsoft had also been tracking the campaign and associated websites since February 2024. However, their analysis overlooked a key point in the malicious campaign: the presence of the browser exploit and the fact that it was a high-severity issue — a zero-day. In this report, we explore in great detail the vulnerabilities exploited by the attackers and the game they used as bait (spoiler alert: we had to develop our own server for this online game).

      The exploit

      The website used by the attackers as a cover for their campaign was developed in TypeScript/React, and one of its index.tsx files contained a small piece of code that loads and executes the Google Chrome exploit.

      Website facade and the hidden exploit loader

      The exploit contains code for two vulnerabilities: the first is used to gain the ability to read and write Chrome process memory from the JavaScript, and the second is used to bypass the recently introduced V8 sandbox.

      First vulnerability (CVE-2024-4947)

      The heart of every web browser is its JavaScript engine. The JavaScript engine of Google Chrome is called V8 — Google’s own open-source JavaScript engine. For lower memory consumption and maximum speed, V8 uses a fairly complex JavaScript compilation pipeline, currently consisting of one interpreter and three JIT compilers.

      V8’s JavaScript compilation pipeline

      When V8 starts to execute JavaScript, it first compiles the script into bytecode and executes it using the interpreter called Ignition. Ignition is a register-based machine with several hundred instructions. While executing bytecode, V8 monitors the program’s behavior, and may JIT-compile some functions for better performance. The best and fastest code is produced by TurboFan, a highly optimizing compiler with one drawback — the code generation takes too much time. Still, the difference in performance between Ignition and TurboFan was so significant that a new non-optimizing JIT compiler was introduced in 2021 called Sparkplug, which compiles bytecode into equivalent machine code almost instantly. Sparkplug-generated code runs faster than the interpreter, but the performance gap between Sparkplug- and TurboFan-generated code was still big. Because of this, in Chrome 117 (released in Q4 2023), the developers introduced a new optimizing compiler, Maglev, whose goal is to generate good enough code fast enough by performing optimizations based solely on feedback from the interpreter. CVE-2024-4947 (issue 340221135) is the vulnerability in this new compiler.

      To understand this vulnerability and how it was exploited, let’s take a look at the code the attackers used to trigger it.

      Code used by the attackers to trigger CVE-2024-4947

      We can see in this code that it first accesses the exported variable exportedVar of the moduleImport module and then creates the emptyArray array and the arrHolder dictionary. However, it seems that no real work is done with them, they are just returned by the function trigger. And then something interesting happens – the f function is executed until it returns “true”. However, this function returns “true” only if it can set the exported variable moduleImport.exportedVar to the “3.79837e-312” value, and if an exception occurs because of this, the f function returns “false”. How could it be that executing the same expression moduleImport.exportedVar = 3.79837e312; should always return “false” until it returns “true”?

      Bytecode produced by the Ignition interpreter for “moduleImport.exportedVar = 3.79837e-312;”

      If we take a look at the bytecode produced for this expression by Ignition and at the code of the SetNamedProperty instruction handler, which is supposed to set this variable to the “3.79837e-312” value, we can see that it will always throw an exception — according to the ECMAScript specification, storing in a module object is always an error in JavaScript.

      JIT code produced by Maglev for “moduleImport.exportedVar = 3.79837e-312;”

      But if we wait until this bytecode has been executed enough times and V8 decides to compile it using the Maglev compiler, we’ll see that the resulting machine code doesn’t throw an exception, but actually sets this property somewhere in the moduleImport object. This happens due to a missing check for storing to module exports — which is the CVE-2024-4947 vulnerability (you can find the fix here). How do attackers exploit it? To answer this, we need to understand how JavaScript objects are represented in memory.

      Structure of JS objects

      All JS objects begin with a pointer to a special object called Map (also known as HiddenClass) which stores meta information about the object and describes its structure. It contains the object’s type (stored at a +8 offset), number of properties, and so on.

      Structure of the “moduleImport” JS object

      The moduleImport module is represented in memory as a JSReceiver object, which is the most generic JS object and is used for types for which properties can be defined. It includes a pointer to the array of properties ( PropertyArray) which is basically a regular JS object of the FixedArray type with its own Map. If in the expression moduleImport.exportedVar = 3.79837e312; moduleImport was not a module but a regular object, the code would set the property #0 in that array, writing at a +8 offset; however, since it is a module and there is a bug, the code sets this property, writing at a +0 offset, overwriting the Map object with the provided object.

      Structure of the “3.79837e-312” number JS object

      Since 3.79837e-312 is a floating-point number, it is converted to a 64-bit value (according to the IEEE 754 standard) and stored in a HeapNumber JS object at a +4 offset. This allows the attackers to set their own type for the PropertyArray object and cause a type confusion. Setting the type to 0xB2 causes V8 to treat the PropertyArray as a PropertyDictionary, which results in memory corruption because the PropertyArray and PropertyDictionary objects are of different sizes and the kLengthAndHashOffset field of the PropertyDictionary falls outside the bounds of the PropertyArray.

      Now the attackers need to get the right memory layout and corrupt something useful. They defragment the heap and perform the actions that you can see in the trigger function.

      Memory layout created by the “trigger” function

      What happens in this function is the following:

      1. It accesses the exported module variable moduleImport.exportedVar to allocate moduleImport’s PropertyArray.
      2. It creates an emptyArray with two elements.
      3. Removing elements from this array reallocates the object that is used for storing the elements and sets emptyArray’s length to 0. This is an important step because in order to overwrite emptyArray’s length with PropertyDictionary’s hash, the length/hash must be equal to 0.
      4. The trigger function creates the arrHolder dictionary with two objects. This step follows the creation of the emptyArray to allow the pointers of these two objects to be accessed and overwritten when the length of emptyArray is corrupted. The first object, xxarr: doubleArray is used to construct a primitive for getting the addresses of JS objects. The second object, xxab: fakeArrayBuffer is used to construct a primitive for getting read/write access to the whole address space of the Chrome process.
      5. Next, the trigger function executes the f function until it is compiled by Maglev, and overwrites the type of the PropertyArray so it is treated as a PropertyDictionary object.
      6. Executing new WeakRef(moduleImport) triggers the calculation of PropertyDictionary’s hash, and the length of emptyArray is overwritten with the hash value.
      7. The trigger function returns emptyArray and arrHolder containing objects that can be overwritten with emptyArray.

      After this, the exploit again abuses Maglev, or rather the fact that it optimizes the code based on the feedback collected by the interpreter. The exploit uses Maglev to compile a function that loads a double value from an array obtained using arrHolder.xxarr. When this function is compiled, the attackers can overwrite the pointer to an array obtained using arrHolder.xxarr via emptyArray[5] and use this function to get the addresses of JS objects. Similarly, the attackers use arrHolder.xxab to compile a function that sets specific properties and overwrites the length of another ArrayBuffer-type object along with the pointer to its data (backing_store_ptr). This becomes possible when the pointer to the object accessible via arrHolder.xxab is replaced via emptyArray[6] with a pointer to the ArrayBuffer. This gives the attackers read and write access to the entire address space of the Chrome process.

      Second vulnerability (V8 sandbox bypass)

      At this point, the attackers can read and write memory from JavaScript, but they need an additional vulnerability to bypass the newly introduced V8 (heap) sandbox. This sandbox is purely software-based and its main function is to isolate the V8 memory (heap) in such a way that attackers cannot access other parts of the memory and execute code. How does it do this? You may have noticed that all the pointers in the previous section are 32 bits long. This is not because we’re talking about a 32-bit process. It’s a 64-bit process, but the pointers are 32 bits long because V8 uses something called pointer compression. The pointers are not stored in full, but just as their lower parts, or they could also be seen as a 32-bit offset from some “base” address. The upper part (the “base” address) is stored in CPU registers and added by the code. In this case, attackers should not be able to obtain real pointers from the isolated memory and have no way to obtain addresses for the stack and JIT-code pages.

      To bypass the V8 sandbox, the attackers used an interesting but very common vulnerability associated with interpreters — we have previously seen variations of this vulnerability in multiple virtual machine implementations. In V8, regular expressions are implemented using its own interpreter, Irregexp, with its own set of opcodes. The Irregexp VM is completely different from Ignition, but it is also a register-based VM.

      Examples of vulnerable code in Irregexp VM instruction handlers

      The vulnerability is that the virtual machine has a fixed number of registers and a dedicated array for storing them, but the register indexes are decoded from the instruction bodies and are not checked. This allows attackers to access the memory outside the bounds of the register array.

      Malicious Irregexp VM bytecode for reading the memory outside of the register array bounds

      Coincidentally, the pointers to output_registers and output_register_count are located right next to the register array. This allows the attackers to read and write the memory outside of the V8 sandbox with the help of the SUCCEED opcode. Attackers use this to overwrite JIT’ed code with shellcode and execute it.

      This issue (330404819) was submitted and fixed in March 2024. It is unknown whether it was a bug collision and the attackers discovered it first and initially exploited it as a 0-day vulnerability, or if it was initially exploited as a 1-day vulnerability.

      Shellcode

      At this point, the attackers need additional vulnerabilities to escape the Chrome process and gain full access to the system. In the best practices of sophisticated attackers, they run a validator in the form of a shellcode that collects as much information as possible and sends it to the server to decide whether to provide the next stage (another exploit) or not. This decision is made based on the following information: CPUID information (vendor, processor name, etc), whether it’s running on a VM or not, OS version and build, number of processors, tick count, OS product type, whether it’s being debugged or not, process path, file version info of system modules, file version info of process executable, and SMBIOS firmware table.

      By the time we analyzed the attack, the attackers had already removed the exploit from the decoy website, preventing us from easily obtaining the next stage of the attack. At Kaspersky, we possess technologies that have allowed us to discover and help to fix a huge number of 0-day privilege escalation vulnerabilities exploited by sophisticated attackers in various malware campaigns over the years; however, in this particular case we would have to wait for the next attack in order to extract its next stage. We’ve decided to not wait, preferring to let Google fix the initial exploit used to perform the remote code execution in Google Chrome.

      List of in-the-wild 0-days caught and reported by Kaspersky over the past 10 years

      Social activity

      What never ceases to impress us is how much effort Lazarus APT puts into their social engineering campaigns. For several months, the attackers were building their social media presence, regularly making posts on X (formerly Twitter) from multiple accounts and promoting their game with content produced by generative AI and graphic designers.

      Attackers’ accounts on X

      One of the tactics used by the attackers was to contact influential figures in the cryptocurrency space to get them to promote their malicious website and most likely to also compromise them.

      Attackers’ attempts to contact crypto-influencers

      The attackers’ activity was not limited to X — they also used professionally designed websites with additional malware, premium accounts on LinkedIn, and spear phishing through email.

      The game

      Malicious website offering to download a beta version of the game

      What particularly caught our attention in this attack was that the malicious website attacking its visitors using a Google Chrome zero-day was inviting them to download and try a beta version of a computer game. As big computer games fans ourselves, we immediately wanted to try it. Could the attackers have developed a real game for this campaign? Could this be the first computer game ever developed by a threat actor? We downloaded detankzone.zip and it looked legit: the 400 MB-archive contained a valid file structure of a game developed in Unity. We unpacked the game’s resources and found “DeTankZone” logos, HUD elements, and 3D model textures. Debugging artifacts indicated that the game had been compiled by the attackers. We decided to give it a spin.

      Start menu of the DeTankZone game

      After an intro with the game’s logo, we are greeted with a typical online gaming start menu, asking us to enter valid account credentials to access the game. We tried to log in using some common account names and passwords, and then tried to register our own account through the game and the website — but nothing worked.

      Is that really all this game has to offer? We started reverse engineering the game’s code and discovered that there was more content available beyond this start menu. We found the code responsible for communication with the game server and started reverse engineering that as well. The game was hardcoded to use the server running at “api.detankzone[.]com,” which clearly wasn’t working. But we really wanted to check this game out! What to do? We decided to develop our own game server, of course.

      First, we discovered that the game uses the Socket.IO protocol to communicate with the server, so we chose the pythonsocketio library to develop our own server. We then found a function with a list of all supported command names (event names) and reverse engineered how they are obfuscated. After that, we reverse engineered how the data was encoded: it turned out to be a JSON encrypted with AES256 and encoded with Base64. For the AES key it uses the string “Full Stack IT Service 198703Game”, while the string “MatGoGameProject” is used for the IV. We hoped that this information might reveal the identities of the game’s developers, but a Google search yielded no results. Finally, we reverse engineered the data format for a couple of commands, implemented them on our server, and replaced the server URL with the address of our own server. Success! After all this we were able to log into the game and play with the bots!

      Screenshot from the game running with our custom server

      Yes, it turned out to be a real game! We played it for a bit and it was fun — it reminded us of some shareware games from the early 2000s. Definitely worth the effort. The textures look a little tacky and the game itself closely resembles a popular Unity tutorial, but if Lazarus had developed this game themselves, it would have set a new bar for attack preparation. But no — Lazarus stayed true to themselves. It turns out that the source code for this game was stolen from its original developers.

      The original game

      DeFiTankLand (DFTL) – the original game

      We found a legitimate game that served as a prototype for the attacker’s version – it’s called DeFiTankLand (DFTL). Studying the developers’ Telegram chat helped us build a timeline of the attack. On February 20, 2024, the attackers began their campaign, advertising their game on X. Two weeks later, on March 2, 2024, the price of the DeFiTankLand’s currency, DFTL2 coin, dropped, and the game’s developers announced on their Telegram that their cold wallet had been hacked and $20,000 worth of DFTL2 coins had been stolen. The developers blamed an insider for this. Insider or not, we suspect that this was the work of Lazarus, and that before stealing the coins they first stole the game’s source code, modified all the logos and references to DeFiTankLand, and used it to make their campaign more credible.

      Conclusions

      Lazarus is one of the most active and sophisticated APT actors, and financial gain remains one of their top motivations. Over the years, we have uncovered many of their attacks on the cryptocurrency industry, and one thing is certain: these attacks are not going away. The attackers’ tactics are evolving and they’re constantly coming up with new, complex social engineering schemes. Lazarus has already successfully started using generative AI, and we predict that they will come up with even more elaborate attacks using it. What makes Lazarus’s attacks particularly dangerous is their frequent use of zero-day exploits. Simply clicking a link on a social network or in an email can lead to the complete compromise of a personal computer or corporate network.

      Historically, half of the bugs discovered or exploited in Google Chrome and other web browsers have affected its compilers. Huge changes in the code base of the web browser and the introduction of new JIT compilers inevitably lead to a large number of new vulnerabilities. What can end users do about this? While Google Chrome continues to add new JIT compilers, there is also Microsoft Edge, which can run without JIT at all. But it’s also fair to say that the newly introduced V8 sandbox might be very successful at stopping bugs exploitation in compilers. Once it becomes more mature, exploiting Google Chrome with JIT may be as difficult as exploiting Microsoft Edge without it.

      Indicators of Compromise

      Exploit
      B2DC7AEC2C6D2FFA28219AC288E4750C
      E5DA4AB6366C5690DFD1BB386C7FE0C78F6ED54F
      7353AB9670133468081305BD442F7691CF2F2C1136F09D9508400546C417833A

      Game
      8312E556C4EEC999204368D69BA91BF4
      7F28AD5EE9966410B15CA85B7FACB70088A17C5F
      59A37D7D2BF4CFFE31407EDD286A811D9600B68FE757829E30DA4394AB65A4CC

      Domains
      detankzone[.]com
      ccwaterfall[.]com

      MIL OSI Economics

    22. MIL-OSI Economics: Galaxy AI to Support 20 Languages by End of 2024

      Source: Samsung

      Samsung Electronics Co., Ltd. today announced the upcoming expansion of four new languages for Galaxy AI1: Turkish, Dutch, Swedish and Romanian. Existing supported languages will also expand to cover additional dialects in traditional Chinese and Portuguese (Europe). This expanded support will begin rolling out from the end of October.
      Galaxy AI currently supports 16 languages2, and by the end of the year that number will go up to 20 with these new additions. This update means even more users will be able to lower language barriers and step into a larger world with the power of Galaxy AI. The new languages and dialects will be available for download as language packs from the Settings app of compatible Galaxy devices.
      For more information about Galaxy AI, please visit: Samsung Newsroom, Samsungmobilepress.com or Samsung.com.

      1 Galaxy AI features by Samsung will be provided for free until the end of 2025 on supported Samsung Galaxy devices.
      2 Supported languages include Arabic, Chinese (China mainland, Hong Kong), English (Australia, India, United Kingdom, United States), French (Canada, France), German, Hindi, Indonesian, Italian, Japanese, Korean, Polish, Portuguese (Brazil), Russian, Spanish (Mexico, Spain, United States), Thai and Vietnamese.

      MIL OSI Economics

    23. MIL-OSI Economics: Samsung R&D Institute, Bangalore Sets Up a State-of-the-Art Linguistics Lab focused on Artificial Intelligence and Machine Learning, Jointly with Garden City University, Bangalore

      Source: Samsung

       
      Samsung R&D Institute India – Bangalore (SRI-B) has collaborated with Garden City University (GCU), Bangalore to set up a ‘Samsung Student Ecosystem for Engineered Data (SEED) Lab’, providing students and faculty an exciting opportunity to delve into the world of AI/ML and data engineering.
       
      At the lab, students and faculty members of GCU will get hands-on experience through joint projects on emerging cutting-edge tech areas such as Natural Language Understanding, Speech and Text recognition and Machine Learning, with senior engineers at SRI-B.
       
      Samsung has already launched four SEED labs – two each in Karnataka and in Tamil Nadu (VIT- Vellore & VIT- Chennai) earlier, engaging more than 400 students in AI and data-related projects.
       
      “We’re at a time when technology is evolving faster than ever. We are collaborating with the local ecosystem where we strive to develop talent and upskill Indian engineers / linguists, to not only make them industry-ready, but also become the game changers of the future. Our strategic partnership with Garden City University will further advance our efforts and explore new opportunities in creating innovative products for India”, said Mohan Rao Goli, Chief Technology Officer, SRI-B.
       
      The Lab at GCU plans to leverage the capabilities of Linguists in executing AI and Multi-lingual, data-centric projects by building an end-to-end pipeline for data, which includes Text/Speech Data generation in global languages, engineering (curation, labelling, and more), data management and archival.
       
      “Collaboration with industries is crucial for universities to produce the workforce and innovators of the future. Our partnership with Samsung through the SEED (Student Ecosystem for Engineered Data) program aligns perfectly with the ethos of Garden City University. I am confident that this collaboration will greatly benefit our students while also strengthening Samsung’s industry-academia relationships. This marks a significant step forward for both parties”, shared Dr. Joseph V.G., Chancellor, Garden City University.
       
      The SEED Lab, which is a collaborative initiative between SRI-B and GCU for 5 years, is spread across 1,500 sq ft. In its initial phase, the Lab has been equipped with state-of-the-art Infrastructure for the Students to collaborate with Samsung in generating datasets. The lab also has a robust backend infrastructure to store, process, and archive large volumes of data, and can accommodate about 30 people.

      MIL OSI Economics

    24. MIL-OSI Economics: RN-Yuganskneftegaz Releases Over 9 Million Fry of Valuable Fish Species into Yugra’s Rivers

      Source: Rosneft

      Headline: RN-Yuganskneftegaz Releases Over 9 Million Fry of Valuable Fish Species into Yugra’s Rivers

      RN-Yuganskneftegaz, Rosneft’s largest oil production asset, continues to implement a large-scale programme to preserve biodiversity and restore aquatic bioresources. The enterprise released into the water bodies of the Khanty-Mansiysk Autonomous Okrug of  Yugra more than 9 million fry of valuable species of commercial fish, including more than 700 thousand fry of the red-listed Siberian sturgeon and sterlet.

      Conserving biodiversity and ecosystems in the regions of operation is one of the priorities of “Rosneft-2030” strategy. The release of young fish of valuable species is carried out annually.

      On the order of oil workers, the young fish are raised by special fish breeding organisations, which create the best environmental conditions for the fry: temperature regime, nutrition and water quality to ensure maximum survival of the young fish after release.

      The release of young fish was supervised by a commission, which includes representatives of the Ugra Nature Supervision Agency, the Nizhneobsk Territorial Department of the Federal Agency for Fishing and Conservation of Aquatic Bioresources, the Russian Federal Research Institute Of Fisheries and Oceanography, and the Environmental Protection Department of RN-Yuganskneftegaz.

      Release of young fish is an important step in the conservation and restoration of aquatic bioresources. It allows increasing the number of valuable fish species in the rivers of the Ob-Irtysh basin and ensuring sustainable population growth in the future.

      Reference:

      RN-Yuganskneftegaz is a key production asset of Rosneft Oil Company. The enterprise is conducting geological exploration and field development at 40 licence areas with a total area exceeding 21,000 km2 in the Khanty-Mansi Autonomous District—Yugra. The accumulated output of RN-Yuganskneftegaz has exceeded 2.7 billion tonnes of oil since the start of commercial operation.

      The company has been participating in the artificial reproduction of aquatic bioresources since 2019 and has released more than 288 million fry of valuable fish species into the water bodies of Ugra.

      Rosneft
      Information Division
      August 29, 2020

      Keywords: Environmental news 2024

      MIL OSI Economics

    25. MIL-OSI Economics: Rosneft Builds a New Educational Centre in Bashkiria

      Source: Rosneft

      Headline: Rosneft Builds a New Educational Centre in Bashkiria

      With the support of Bashneft (a subsidiary of Rosneft), a new multifunctional educational centre was opened in the village of Elan-Chishma in the Ermekeyevsky District of the Republic of Bashkortostan. The 2,000 square metre school was built under the cooperation agreement between Rosneft and the region.

      Rosneft implements social projects aimed at creating favourable living conditions in the regions where it operates. This includes supporting initiatives in the field of education and upbringing of the younger generation.

      The multifunctional educational centre was built on the site of an old rural school that was constructed 70 years ago. It was housed in five wooden rooms, which significantly complicated the learning process and created everyday difficulties for schoolchildren.

      The building accommodates three institutions at once: a kindergarten, a comprehensive school and an art school. The centre has spacious classrooms, a workshop, a large library, a canteen, and a multifunctional gym that can be easily transformed into an assembly hall.

      The new educational centre has become a real attraction spot for people of all ages of Yelan-Chishma village and other nearby settlements, where about 2 thousand people live. The centre is fully autonomous: it has its own modular boiler house and substation transformer. In addition, the surrounding territory has been landscaped – children’s and sports grounds have been equipped, gazebos have been installed, shrubs and large trees have been planted.

      In total, more than 40 projects on construction and reconstruction of educational institutions have been implemented over the last 5 years within the framework of the Cooperation Agreement between Bashkortostan and Rosneft. These include the construction of a 300-seat polylingual boarding school in Neftekamsk, kindergartens in the village of Kushnarenkovo, Kushnarenkovsky district, and in the village of Stary Kurdym, Tatyshlinsky district, an educational building in the children’s health camp ‘Orlyonok’ in Ilishevsky district, a school in the village of Raevsky, Alsheyevsky district, and a major overhaul of the Ufa forestry school, the oldest secondary specialised educational institution in the capital of Bashkortostan.

      Reference:

      Bashneft is one of the oldest oil and gas enterprises in the country engaged in oil extraction and processing. Bashneft’s main production facilities are located in the Republic of Bashkortostan. Oil and gas exploration and production are also carried out in Khanty-Mansi Autonomous Area–Yugra, Nenets Autonomous Area, Orenburg Region and the Republic of Tatarstan.

      Rosneft
      Information Division
      September 2, 2024

      Keywords: Social News 2024

      MIL OSI Economics