Category: Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on The Jalna People’s Cooperative Bank Ltd., Jalna, Maharashtra

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹0.75 lakh (Rupees Seventy Five Thousand only) on The Jalna People’s Cooperative Bank Ltd., Jalna, Maharashtra (the bank) for non-compliance with the RBI Directions on ‘Gold Loan – Bullet Repayment – Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had sanctioned gold loans under bullet repayment scheme beyond the prescribed regulatory limit.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2479

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  • MIL-OSI Economics: Media release: Coalition misfires in east coast gas market fix – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media release: Coalition misfires in east coast gas market fix – Australian Energy Producers

    The Coalition’s plan to force an oversupply of gas into the east coast market in an attempt to artificially reduce prices is yet another damaging market intervention that will drive away investment and exacerbate the supply challenges in the longer term.  

    Australian Energy Producers Chief Executive Samantha McCulloch said industry agreed that addressing projected gas supply shortfalls on the east coast of Australia and ensuring reliable and affordable gas for Australian households and businesses was a national priority.  

    “Industry welcomes the Coalition’s commitment to fast-track new gas supply and streamline approvals, but the benefits of these reforms risk being undermined by deliberately oversupplying the market,” Ms McCulloch said.  

    “AEMO’s latest Gas Statement of Opportunities highlights that the east coast market will face gas supply shortfalls from 2028. There is an urgent need to develop new supply, particularly in the southern states, but the projected shortfalls are a fraction of what the Coalition is aiming to force into the market.”  

    “This glut of gas will deter investment in new supply and undermine our trading relationships.” 

    Ms McCulloch said the plan also ignored the reality that the pipelines from Queensland to Victoria already operate at capacity during peak periods, and even if it could be physically moved south there is currently nowhere to store it.  

    “Industry stands willing to engage constructively with government on considered policies that deliver more gas for Australians and attract continued investment in new gas projects to ensure Australians have reliable and affordable gas to 2050 and beyond,” she said. 

    “We urge all parties to work with industry on sustainable solutions that provide certainty and stability for investment in the new gas exploration and development that is needed for Australia’s long-term energy security.”     

    Ms McCulloch said industry was not looking for handouts but needed policy certainty and a return to normal market conditions to support continued investment in gas supply.  

    “Australia needs long-term solutions that do not further distort the gas market,” she said. 

    Media Contact:  0434 631 511

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  • MIL-OSI Economics: Younger UK home shoppers possess a more premium conception of value for money, reveals GlobalData

    Source: GlobalData

    Younger UK home shoppers possess a more premium conception of value for money, reveals GlobalData

    Posted in Retail

    Higher-end homewares and furniture retailers have an opportunity to make gains among the 18-34 age demographic, as younger consumers are more likely to consider quality factors as key to value for money, rather than simply the price tag, according to GlobalData, a leading data and analytics company.

    GlobalData’s recent survey* found that younger UK consumers, in particular, were less likely to consider price to be a key factor in home retailers’ value for money credentials. Just 31.7% of under-35s cited low prices compared with 46.3% of over-55s, and instead disproportionately cited factors concerning craftsmanship such as comfort and design.

    Oliver Maddison, Retail Analyst at GlobalData, comments: “To a large extent, young consumers are more likely to consider value for money to be comprised of factors that will boost their enjoyment of the product over its lifetime, even if it costs more. 18-34s perceive comfort to be the third most relevant factor to value for money, ahead of the other age groups.”

    The comfort of furniture and homewares is a factor most clearly favored by higher-income consumers, with 42.0% of respondents with a household income above £50k considering comfort to be a key attribute to value for money in home retailers, compared to 35.6% nationally. The fact that younger consumers are more likely to consider such elements in their value for money calculations, while de-emphasizing price, speaks to an opportunity for more premium retailers to make hay out of younger consumers’ more refined tastes.

    Maddison continues: “While still a secondary consideration to factors like price and quality, younger home shoppers are also much more likely to consider style to be important. 23.4% of 18–34-year-olds considered ‘designs or styles that will not go out of fashion’ to be a key value for money attribute, and 18.9% said the same for on-trend designs, compared to 16.4% and 13.6% of the population at large, respectively.”

    The preference for classic styles over trends among under-35s contrasts with the 35-54 age group, who are more likely to consider on-trend designs to be a key attribute of value for money at 15.1%, compared to 13.0% for classic styles. The growing preference for designs that outlast trends among young consumers mirrors developments in clothing & footwear such as ‘underconsumption core’ and capsule wardrobes, with consumers making fewer, more considered purchases.

    Maddison concludes: “Retailers such as Next, which place a heavy emphasis on their style credentials in their home offerings while also ensuring that their products are high quality, are best placed to be perceived as good value for money by younger home shoppers.”

    *GlobalData’s monthly tracker survey consists of 2,000 nationally representative UK respondents

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  • MIL-OSI Economics: UK small business market the new battleground for B2B telecoms, says GlobalData

    Source: GlobalData

    UK small business market the new battleground for B2B telecoms, says GlobalData

    Posted in Technology

    Telcos around the world have pivoted to target smaller businesses for the opportunity to grow their enterprise revenues, says GlobalData, a leading data and analytics company.

    Robert Pritchard, Principal Analyst, Enterprise Technology & Services at GlobalData, says: “Deglobalization and hypercompetition in the multi-national corporation (MNC), large corporate, and public sector segments of the telecoms market have seen service providers re-examine their priorities, with most now realizing that the small business market potentially offers the best opportunity to grow revenues and margins. This is particularly the case in the UK.”

    With 5.5 million small and medium-sized businesses (SMBs) in the UK, the country is distinguished by the proportion of smaller businesses compared to peer countries such as Germany – the UK has exponentially more enterprises that are small (5.45 million with up to 49 employees), rather than medium-sized (37,800) according to the UK Office of National Statistics.

    Pritchard comments: “In spite of economic and tax headwinds, the UK’s small businesses will continue to drive economic growth. Some may not last for more than a few years, but all large companies started small.”

    Despite a flat or even slightly shrinking base of SMBs, their increasing reliance on technology to drive their growth and profitability offers service providers the opportunity to move “beyond connectivity” to value-added offerings such as cybersecurity, hosted and unified applications, and AI-enabled services – although this is still in its early days as a market.

    Pritchard explains: “Essentially, SMBs are emulating their larger corporate counterparts as business solutions enabled by technology become the watchword – and this pace of change is accelerating, driving growth in the overall market opportunity.”

    Pritchard continues: “Needless to say, a market with 5.5 million target customers is complex, confusing and disparate, so to get it right service providers need to understand who their target customers are and what they want. Segmenting the market by number of employees is the usual way, but it is dumb and not fully fit for purpose. Far greater insight is needed to differentiate and succeed in a crowded and increasingly competitive market. In addition, a structured go-to-market strategy that embraces direct, indirect, and digital channels needs to be designed around the specific needs of target customer clusters.”

    Pritchard concludes: “GlobalData also expects that UK service providers will identify the Small Office Home Office (SOHO) market as the next big opportunity as it follows the same evolutionary path as its larger counterparts. This will pose new challenges as it overlaps the consumer market and telcos are generally not structured to cope with such challenges. This journey will not be easy, but it offers the best opportunities for the B2B revenue growth that telcos so desperately need.”

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  • MIL-OSI Economics: Singapore to battle test its defense capabilities through Cope Tiger military exercise, says GlobalData

    Source: GlobalData

    Following the announcement of the Republic of Singapore Air Force’s (RSAF) participation in the military exercise “Cope Tiger”;

    Harshavardhan Dabbiru, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view:

    “The participation of the RSAF alongside Thailand and the US in the joint military exercise Cope Tiger 2025, which started on March 17, 2025, and is scheduled to conclude on March 28, 2025, underscores Singapore’s commitment to strengthening its military interoperability while battle testing its defense platforms and associated capabilities. By deploying 26 manned and unmanned aircraft, 10 ground-based air defense systems, and over 700 personnel, Singapore is demonstrating its ability to conduct multi-domain warfare. The country is also testing synergies between both manned and unmanned platforms for intelligence gathering and enhancing its air defense capabilities.

    “Located near the Strait of Malacca, a critical chokepoint in global trade, Singapore is a key hub for international commerce, which also makes it vulnerable to attacks on its critical infrastructure, especially due to any unprecedented conflict between the US and China. While Singapore prioritizes military preparedness, it also maintains a delicate diplomatic balance, fostering strong ties with both the US and China, the two major military powers active in the region.

    “As geopolitical tensions in the Indo-Pacific intensify, Singapore’s strategic location and defense capabilities make it a valuable partner for its regional allies. Although the country faces no imminent territorial threats, rising South China Sea tensions heighten the risk of entanglement in regional conflicts, reinforcing the need to maintain a combat-ready force. In this regard, Singapore’s participation in exercise Cope Tiger underscores its commitment to air combat readiness and interoperability with allies in an evolving security landscape.

    “To safeguard its sovereignty, Singapore, one of the world’s highest per capita defense spenders, continues to invest heavily in advanced defense capabilities. According to GlobalData’s latest report “Singapore Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2030,” the island nation allocated $17.7 billion towards its defense budget in 2025, and it is forecast to grow at a CAGR of more than 4% during 2025-2030. As Singapore deploys its aerial assets and ground-based air defense systems in the ongoing military exercise, it is worth noting that the country is projected to invest $6.8 billion for procuring various types of military fixed-wing aircraft and rotorcraft platforms. Singapore is also expected to spend another $1 billion on acquiring missiles and missile defense systems between 2025 and 2034.

    “To maintain its relevance in the regional power struggles, Singapore will continue to acquire advanced military platforms and deploy them in multinational joint exercises such as Cope Tiger over this decade.”

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  • MIL-OSI Economics: UK VC funding activity remains mixed in early 2025 but signals strategic shift, says GlobalData

    Source: GlobalData

    UK VC funding activity remains mixed in early 2025 but signals strategic shift, says GlobalData

    Posted in Business Fundamentals

    The UK venture capital (VC) funding landscape in early 2025 presents a mixed yet encouraging scenario. While VC deal volume has seen a slight decline, the increase in deal value signifies a robust interest in quality startups. In the first two months of 2025, the UK witnessed a decline of approximately 13% in VC deal volume compared to the same period in the previous year. Conversely, the total VC funding value experienced a remarkable increase, with growth rate exceeding 50% year-on-year to $2.4 billion, according to GlobalData, a leading data and analytics company.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “This trend is in line with the global funding landscape and also aligns with a broader pattern, where many key markets, including the US, have also seen a decline in VC deal volume but massive growth in funding value.

    “This surge in funding value in the UK is indicative of a shift towards more substantial investments in fewer, high-potential startups, reflecting a more selective approach by investors. The trend indicates that investors are becoming more selective, focusing their resources on businesses with strong growth prospects and innovative solutions.”

    Some of the notable VC funding deals announced in the UK during January-February 2025 include $411 million raised by Verdiva Bio, Rapyd’s announcement to raise $300 million, and $180 million secured by Synthesia, among others.

    An analysis of GlobalData’s Deals Database further reveals that the UK has maintained a significant share of global VC funding activity, accounting for more than 6% of the total number of VC deals announced worldwide during January-February 2025. Meanwhile, its share of the total funding value also stood at around 6% during the review period.

    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

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  • MIL-OSI Economics: Thales Alenia Space signs contract with ESA to develop an agricultural digital twin component for sustainable, resilient agriculture

    Source: Thales Group

    Headline: Thales Alenia Space signs contract with ESA to develop an agricultural digital twin component for sustainable, resilient agriculture

    SaveCrops4EU leverages Earth observation and advanced processing techniques to create tools that support an economically and environmentally sustainable agriculture sector, in line with Europe’s Common Agricultural Policy and the European Green Deal.

    Luxembourg, March 27, 2025 –Thales Alenia Space, the joint venture between Thales (67%) and Leonardo (33%), has signed a contract with the European Space Agency (ESA) to lead the SaveCrops4EU project. Part of ESA’s Digital Twin Earth programme, this pre-operational digital twin component will enhance agriculture’s resilience to climate change and support agricultural resource management. 

    Destination Earth © ESA

    The SaveCrops4EU digital twin component will be structured around three major scientific pillars: 

    • Advanced monitoring using satellite data and agronomic indicators to enable real-time analysis of crop conditions. 
    • Yield forecasting based on a hybrid modeling approach combining Earth observation data with crop growth models to estimate production volumes at regional level. 
    • Scenario testing incorporating various abiotic stresses (such as drought and heat) and management strategies (including irrigation and fertilization) through a range of simulations. 

    Thales Alenia Space will lead the integration and overall architectural design of the Digital Twin Component, combining the various scientific models with the necessary Earth observation data and ensuring that the output data can be effectively used by end-users. A modular approach was chosen to support a wide range of use cases in which the Digital Twin Component could provide key information.  

    Thanks to an innovative combination of Earth system modeling, diverse data sources, and cutting-edge technologies, Destination Earth and its digital twins for example allow a wide range of users to explore the effects of climate change on the various components of the Earth system and assess possible adaptation and mitigation strategies. Several structural institutional initiatives in this area exist in Europe like Destination Earth (DestinE) funded by the European Commission or ESA Digital Twin Earth (DTE), funded by a large number of ESA Member States. The ultimate goal of these initiatives is to create a digital model of the Earth to monitor the effects of natural and human activity on our planet, anticipate extreme events, optimize resource use while minimizing environmental impact, and adapt climate policies accordingly.

    As an ESA programme, DTE is in full synergy with DestinE and ensures that the pre-operational digital twins developed could transition into a larger operational system like DestinE, thus maximising their impact. 

    Real-world use cases for validation

    To ensure the relevance of technological developments, SaveCrops4EU will be tested through four key use cases in Belgium, Germany, Hungary, and Spain. These real-world validation cases will assess the accuracy of the models, their ability to anticipate weather- and climate-induced stress on agriculture, and their impact on local decisions by stakeholders in the agricultural sector.

    SaveCrops4EU leverages existing solutions from the Destination Earth Platform and aims to achieve maximum interoperability with other digital twin components. The modular approach will ensure future scalability by enabling the easy integration of new models and addition of crop types. By the end of 2026, the project will provide a pre-operational solution supporting economically and environmentally sustainable crop management in Europe. 

    “For several years, Thales Alenia Space has been at the forefront of innovation, developing enhanced digital solutions for Earth observation to enhance decision-making and support responsible climate policies. We are proud that ESA renewed its trust in our company with SaveCrops4EU, leveraging the legacy and experience we gained in developing the flood prediction digital twin in 2023,” said Étienne Barritault, Managing Director of Thales Alenia Space in Luxembourg.

    A European consortium of excellence

    To lead the SaveCrops4EU project, Thales Alenia Space has formed a European consortium, with each partner contributing specialized expertise in complementary fields. The consortium brings together the Luxembourg Institute of Science and Technology, the scientific lead, and the University of Valencia as remote sensing experts. It also includes Forschungszentrum Jülich, specialists in bioscience and geoscience simulation, the Walloon Agricultural Research Center, and CropOM, experts in agriculture.

    About Thales Alenia Space

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

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  • MIL-OSI Economics: Monetary developments in the euro area: February 2025

    Source: European Central Bank

    27 March 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 increased to 4.0% in February 2025 from 3.8% in January, averaging 3.8% in the three months up to February. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 3.5% in February from 2.7% in January. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 2.0% in February from 3.3% in January. The annual growth rate of marketable instruments (M3-M2) increased to 19.8% in February from 17.3% in January.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 2.2 percentage points (up from 1.7 percentage points in January), short-term deposits other than overnight deposits (M2-M1) contributed 0.6 percentage points (down from 1.0 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (up from 1.1 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households stood at 3.4% in February, compared with 3.3% in January, while the annual growth rate of deposits placed by non-financial corporations increased to 3.5% in February from 3.0% in January. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 8.5% in February from 4.6% in January.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in February 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 3.1 percentage points (up from 2.9 percentage points in January), claims on the private sector contributed 2.2 percentage points (up from 2.0 percentage points), claims on general government contributed 0.2 percentage points (up from 0.1 percentage points), longer-term liabilities contributed -1.5 percentage points (as in the previous month), and the remaining counterparts of M3 contributed 0.0 percentage points (down from 0.2 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 1.7% in February 2025, compared with 1.6% in the previous month. The annual growth rate of claims on general government stood at 0.4% in February, compared with 0.3% in January, while the annual growth rate of claims on the private sector increased to 2.3% in February from 2.1% in January.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 2.5% in February from 2.3% in January. Among the borrowing sectors, the annual growth rate of adjusted loans to households increased to 1.5% in February from 1.3% in January, while the annual growth rate of adjusted loans to non-financial corporations increased to 2.2% in February from 2.0% in January.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

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  • MIL-OSI Economics: Samsung’s New Bespoke AI Laundry With AI Home Enables Smarter, More Efficient Laundry Care

    Source: Samsung

    Samsung Electronics today announced the launch of its new washers and dryer products — the Bespoke AI Laundry with AI Home1 — that integrate screens and Bespoke design to elevate the user experience. The Bespoke washers and dryers come in various forms of size and heating methods to meet a wide range of customer needs across diverse regions. The pair is available in both large and small capacities, making them suitable for different types of family and living arrangements. Samsung is also launching the dryer with two types of heating methods — the vent and the heat pump — to meet the needs of various environments around the world.
     
    This year’s Bespoke AI Laundry products incorporate the 7” AI Home screens, extending Samsung’s “Screens Everywhere” vision that was first presented at CES 2025. These screens offer intuitive control and monitoring of essential information related to the laundry experience, such as wash cycles and remaining detergent levels. They also remember user habits and consider periodic and seasonal needs, suggesting appropriate cycles to free users from having to consider the right cycle every time. The AI Home also functions as a central hub allowing users to monitor and control connected appliances, while also enjoying online videos or music.
     
    “Last year’s launch of the Bespoke AI Laundry Combo marked the beginning of integrating screens into our products, providing users access to essential information about laundry and home control,” says Jeong Seung Moon, EVP and Head of the R&D Team for Digital Appliances Business at Samsung Electronics. “This year, we are excited to unveil the complete Bespoke AI Laundry lineup, which caters to a wider range of customer needs and enables them to take advantage of these convenient screens.”
     
    The Bespoke AI Washer & Dryer sets are designed to simplify laundry routines with advanced AI algorithms and sensors, optimizing washing and drying performance while enhancing energy efficiency. The original AI Wash and AI Dry are upgraded to AI Wash+ and AI Dry+, with enhanced fabric detection abilities to ensure efficient and high-quality washing and drying for a wider variety of fabric types.
     
     
    27-Inch Wide Large Capacity Washer & Dryer Set Brings Extensive Laundry Capabilities

     
    Samsung is introducing a 27-inch large capacity washer and dryer set,2 with each device featuring the 7” AI Home and utilizing a sleek Bespoke design based on a fully unified flat-panel aesthetic. In addition to the flexibility of vertical or horizontal installation layouts, the substantial capacity allows users to wash large items, like king-size comforters, with ease.
     
    The washer now features the upgraded AI Wash+, which has been upgraded to newly detect outdoor fabrics and denim.3 Based on the detected fabric type, soil level and weight of the laundry, the AI Wash+ cycle efficiently4 cleans clothes by automatically adjusting detergent levels, rinsing time and wash settings. The washer also features a Bedding cycle that can sense the thickness of the blankets and adjust the cycle time and water usage accordingly.5 Users can also experience next-level convenience with features like Auto Open Door and Speed Shot technology which completes wash cycles in just 30 minutes.6

     
    The matching large capacity dryer is launching in two types to meet living environments of different regions – the vent type in certain countries in the Americas, and a heat pump type in other regions. Users will be able to enjoy thorough and gentle drying with AI Dry+, which has been upgraded to detect fabric types and take them into account to optimize drying7 along with real-time temperature, weight8 and moisture content. The upgraded feature’s AI algorithm uses an advanced sensor that carefully monitor various factors to detect four fabric types,9 which results in benefits like heavy duty drying such as denim. Previously, denim was harder to dry evenly due to thicker sections like pockets, but the dryer can now detect this fabric to and reduce drying inconsistencies, delivering better performance.

     
    The dryers also provide the Bedding feature, which also uses an advanced algorithm to detect a blanket’s size for optimized drying times and dryness.10 For those times when drying needs to be finished quickly, the vent type’s Super Speed Drying can complete a drying cycle in as little as 30 minutes.11

     
    Along with the washer and dryer set, a large capacity washer-dryer combo model12 is also being launched for users looking for a compact, all-in-one device that can complete both jobs while using up limited space. The combo incorporates the AI Home, AI Wash+ and AI Ecobubble like the washer, and dries the clothing through a condensing method.
     

    24-Inch Wide Small Capacity Washer & Dryer Set Boosts Laundry Efficiency

     
    Following the unveiling of the Bespoke AI Washer at IFA 2024, the 24-inch small capacity washer & dryer set will be launching in Europe later this year. Like the large capacity washer and dryer, the small capacity set also incorporates the 7” AI Home, providing intuitive control and connectivity features for a wider audience.
     
    The washer, built to be highly efficient to meet the needs of the European market, consumes up to 55% less energy than the minimum efficiency requirements for a Class A rating.13 It also supports thorough14 cleaning optimizing water and detergent use with AI Wash, and ensures gentle washing while improving soil removal with AI Ecobubble . QuickDrive , available with 11 different cycles, can reduce wash time by up to 50%15 without compromising cleaning performance.

     
    The matching dryer features the AI Dry+, capable of drying precisely by detecting four fabric types16 — Normal, Denim, Towels and Synthetics. This enables the machine to dry precisely17 while reducing energy use by up to 10% and drying time by up to 15%.18 QuickDrive is also useful when users need to dry their laundry both quickly and gently, reducing drying time by up to 35%19 through automatic adjustments of the inverter compressor.
     
    With the launch of these new products, Samsung continues to push the boundaries of innovation, offering highly intelligent, efficient and aesthetically pleasing appliances that simplify everyday life by delivering enhanced convenience to users.

     
     
    1 You will need a Samsung account to access AI Home, our network-based service that includes apps and our other smart features available through your device. Does not mean all services available on the AI Home are AI or generate information or outcome using AI. Certain functions accessible through the AI Home utilize AI-based algorithms, which be updated periodically to improve accuracy. AI-based algorithms may generate incomplete or incorrect information.2 Washer is 18.5kg~26kg capacity, and Dryer 17kg~24kg capacity depending on the region of launch.3 Based on an advanced AI-created algorithm. It may not detect certain fabrics or accurately identify them when a load includes a mixture of different fabric types. To prevent wear, wash like fabrics together.4 Based on an AI-created algorithm and internal testing using the AI Wash+ on a 3kg load. A turbidity sensor operates for all weights, while fabric sensing operates for 3kg and under. Actual results may vary depending on individual use.5 Washes dry blankets weighing up to 4 kg.6 Applicable on a Cotton wash course. Based on internal testing using a Normal course at 40°C with a DOE 3kg load. Results may vary depending on the actual usage conditions.7 Based on an AI-created algorithm. Actual results may vary depending on individual use.8 Applies to Heat Pump type only.9 The types of detectable fabric are Normal, Heavy Duty, Synthetics, and Delicates for Vent Type, and Normal, Towel, Denim, Delicates for Heat Pump models.10 The Bedding drying cycle can dry up to 4 kg of dry comforters.11 Tested on the Samsung DV90F with a DOE (Cotton 50% + Polyester 50%) 8lb load. RMC (Remaining Moisture Content) under 48%, 24℃±2℃, RH (Relative Humidity) 50% ±10%.12 Launched in select countries in South East Asia, Middle East, Africa and China (Taiwan)13 Based on Samsung internal testing. The energy consumption of this 11KG model is 21.8kWh / 100 cycles, which is 55% more energy efficient compared to the minimum threshold of energy efficiency class A (52kWh / 100 cycles for 11KG models). Energy ratings tested with Eco 40-60 program, 55% savings tested with Eco 40-60 program.14 Based on an AI-created algorithm. Actual results may vary depending on individual use.15 Based on internal testing (in accordance with IEC 60456-2010) of the WF90/24 cycles with the QuickDrive option compared to cycles without the QuickDrive option. Result: Wash time reduced by 13.2%-50.8%. Results may vary depending on the actual usage conditions. This may increase energy usage.16 Based on an advanced AI algorithm, utilizing weight, moisture content and drying temperature data, it can detect four types of fabric: normal, denim, towel and synthetics.17 Based on an AI-created algorithm. Actual results may vary depending on individual use.18 Based on internal testing (synthetic 2kg load) of the DV90F/24 using AI Dry+ compared to DV5000D using Eco cotton.19 Based on internal testing on the DV90F/24 model, Comparison of drying time for IEC cotton 9kg load drying under Eco cotton + QuickDrive On / Off conditions. Result: Drying time reduced by 35%. Results may vary depending on the actual usage conditions. Using QuickDrive may increase your energy usage.

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  • MIL-OSI Economics: From Farm to Table: Horticulture Development and Food Security in Uzbekistan

    Source: Asia Development Bank

    Transcript

    Makhtob Odilova, Horticulture entrepreneur

    For many this is just a field, but for me it is the story of my life.

    Bukhara region, Uzbekistan.

    Makhtob Odilova, Horticulture entrepreneur

    I started business in agriculture, because the population is growing, and demand for tomatoes and cucumbers is also increasing. Before there were no tomatoes and cucumbers in our district.

    Entrepreneurship motivates people to do new things. I studied the opportunities in Bukhara and decided to start a greenhouse business.

    Makhtob was able to grow her business with the help of ADB. The project extended $154 million to horticulture entrepreneurs, channeled through local banks.

    It helped to finance and train entrepreneurs like Makhtob in areas like climate-smart agriculture, business planning, and market expansion.  

    ADB-financed Horticulture Value Chain Development Project (2017-2023) provided 359 subloans: 220 subloans for production of modern greenhouse complexes (195) and intensive gardens (25); and 139 subloans for storage improvement (83), processing (45), taro-packaging of fruit and vegetable products (4), and agricultural machinery purchase (7).

    Makhtob Odilova, Horticulture entrepreneur

    In 2020, during the pandemic, we took another $1 million loan so that our work would not stop. Using this loan we built a new greenhouse in Kagan district.

    Geographical distribution of subloans: Andijan (3.1%), Bukhara (17.0%), Djizzak (4.2%), Fergana (7.8%), Kashkadarya (6.6%), Republic of Karakalpakstan (1.2%), Khorezm (5.8%), Namangan (4.4%), Navoi (4.1%), Samarkand (10.7%), Sirdarya (13.5%), Surkhandarya (6.6%), Tashkent (15.0%). Participating banks: Asaka Bank, Davr Bank, Hamkorbank, Ipoteka Bank, Ipak Yuli Bank, NBU, SQB, Turon Bank.

    Makhtob Odilova, Horticulture entrepreneur

    When we planted in the soil, the yield was very low. After we switched to hydroponics, the yield significantly increased. In 2020-2023, we delivered to our population and exported about 600 tons of tomato.

    Horticultural exports increased from $6oo million in 2015 to $1.15 billion in 2022. Export volume in 2022: 648,483 tons of vegetables, 318,900 tons of grapes, 305,479 tons of fruits, 136,600 tons of melons.

    To help bring food from farm to table, ADB also supported the country’s largest modern grocery retail company, Korzinka. $12 million loan helped the company build its inventory buffers for food and pay suppliers at the height of the COVID-19 pandemic.

    Kanokpan Lao-Araya, ADB Country Director for Uzbekistan

    ADB is happy to help boost food production and strengthen supply chains in Uzbekistan. This will not only help ensure food security, but will also create and preserve jobs, particularly for women and those in rural areas who depend on agriculture for their livelihoods.

    Makhtob Odilova, Horticulture entrepreneur

    My advice to women is to never be afraid of hard work. A woman should be a risk taker. Any woman can handle large business. Just believe.

    MIL OSI Economics

  • MIL-OSI Economics: ASEAN and UK Reaffirm Commitment to Strengthening Partnership

    Source: ASEAN

    The Fourth ASEAN-UK Joint Cooperation Committee (JCC) Meeting was convened today at the ASEAN Headquarters/ASEAN Secretariat. Both sides reviewed progress under the ASEAN-UK Dialogue Partnership and reaffirmed their commitment to deepening cooperation ahead of the fifth anniversary of the partnership in 2026.

    MIL OSI Economics

  • MIL-OSI Economics: Money Market Operations as on March 26, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,87,112.89 6.14 3.00-6.46
         I. Call Money 13,209.17 6.20 5.15-6.35
         II. Triparty Repo 4,14,106.80 6.10 5.60-6.26
         III. Market Repo 1,58,230.02 6.23 3.00-6.40
         IV. Repo in Corporate Bond 1,566.90 6.45 6.45-6.46
    B. Term Segment      
         I. Notice Money** 72.50 6.28 6.20-6.30
         II. Term Money@@ 1,275.00 6.55-7.50
         III. Triparty Repo 12,598.75 7.29 6.20-7.60
         IV. Market Repo 391.57 6.88 6.80-6.90
         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 Wed, 26/03/2025 1 Thu, 27/03/2025 35,486.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Wed, 26/03/2025 1 Thu, 27/03/2025 1,364.00 6.50
    4. SDFΔ# Wed, 26/03/2025 1 Thu, 27/03/2025 1,88,543.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,51,693.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,517.09  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     1,92,481.09  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     40,788.09  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on March 26, 2025 9,49,692.66  
         (ii) Average daily cash reserve requirement for the fortnight ending April 04, 2025 9,28,983.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 26, 2025 35,486.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on March 07, 2025 54,323.00  
    @ 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. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2472

    MIL OSI Economics

  • MIL-OSI Economics: Asia Bond Monitor – March 2025

    Source: Asia Development Bank

    It notes a slight weakening of financial market conditions in emerging East Asia from 1 December 2024 to 28 February 2025. The region’s local currency bond market expanded 3.1% quarter-on-quarter in Q4 of 2024, compared with 2.7% in the previous quarter. Issuance of local currency bonds in the region totaled USD2.6 trillion in Q4 2024 on a contraction of 7.5% q-o-q due to decreased bond sales. At the end of 2024, sustainable bonds outstanding in ASEAN+3 markets totaled USD917.6 billion, with growth moderating to 12.1% year-on-year from 29.4% y-o-y in 2023 amid a slowdown in issuance.

    MIL OSI Economics

  • MIL-OSI Economics: Panasonic announces EIZO Joins KAIROS Alliance Partners

    Source: Panasonic

    Headline: Panasonic announces EIZO Joins KAIROS Alliance Partners

    Osaka, Japan, March 27, 2024 – Panasonic Entertainment & Communication Co., Ltd. (“Panasonic”) today announced EIZO, which develops and sells visual display systems such as monitors, has joined the “KAIROS Alliance Partner,” a partnership with IT and video-related equipment manufacturers and suppliers of IT/IP platform KAIROS, a live video production solution. In addition, the 30.5-inch HDR “ColorEdge PROMINENCE CG1”, the first EIZO monitor to support SMPTE ST 2110, and KAIROS were verified to work together, making the CG1 a third-party device that has been confirmed to work with KAIROS. Through collaboration with EIZO and cross-validation with the ST 2110 compatible display CG1, we will provide the video production industry with a freer, higher-quality video production environment and workflow improvements.
    With this collaboration and validation, KAIROS and CG1 will make it easier to use the ST 2110 ecosystem for video input and output including the color mode of YCbCr 4:4:4 and RGB. Since the output of the ST 2110 from KAIROS can be received by the CG1 without using a converter or gateway, it is possible to reduce the equipment of the system and check the output of the ST 2110 in advance. And both KAIROS and CG1 are compatible with NMOS* and ST 2022-7. Therefore, it is also possible to build a system with NMOS control and network redundancy.
    “We are very pleased to be able to contribute to the development of ST 2110 and the use of IP in the video industry through our collaboration with EIZO,” said Kageyuki (Kenny) Fujimoto, lead manager of KAIROS Alliance Partners. “Through collaboration with KAIROS Alliance partners, we believe that bringing together industry leaders to create a single, integrated production environment simplifies installation and operation for creatives who rely on KAIROS to create dynamic, fresh content on a daily basis around the world.”
    KAIROS for touch-and-try will be held at the Panasonic booth (N1311) at “2025 NAB Show” be held in Las Vegas, USA from April 6 to April 10, 2025, and CG1 will be exhibited at the booth. In addition, EIZO’s “ColorEdge PROMINENCE CG1” HDR reference monitor will also be on display at the EIZO booth (SL5829) at “2025 NAB Show”.

    Notes:
    *EIZO, the EIZO Logo and ColorEdge are registered trademarks of EIZO Corporation in Japan and other countries.
    *NMOS (Networked Media Open Specifications) is a protocol standardized by AMWA (Advanced Media Workflow Association) for controlling and managing devices via IP networks.

    MIL OSI Economics

  • MIL-OSI Economics: Ahead of 2025 NAB Show: How Microsoft tech is transforming sports

    Source: Microsoft

    Headline: Ahead of 2025 NAB Show: How Microsoft tech is transforming sports

    In the dynamic world of sports, where every second counts, technologies such as cloud computing, AI, and real-time data analysis have emerged as pivotal forces for optimizing strategies and captivating audiences. Ahead of the 2025 NAB Show, we’re sharing how Microsoft is at the forefront of this transformation, partnering with sports organizations worldwide to integrate technology and gain a competitive edge.

    Join Microsoft at the 2025 NAB Show

    Technology integration opportunities in sports 

    Microsoft technology helps drive the quality of the game and create new business opportunities for organizations by:

    • Enhancing performance with real-time data insights and analytics for data-driven decision-making. 
    • Improving operational efficiency through streamlined workflows, increased collaboration, and seamless data integration. 
    • Elevating fan engagement with AI and real-time customer insights to create a comprehensive ecosystem of personalized experiences.   
    • Unlocking broadcast and media integration opportunities by using advanced cloud and AI technologies to scale content operations and reach more audiences.  
    • Supporting secure data storage and processing by implementing advanced cloud technologies to secure content with high-speed data storage and processing. 

    Whether it’s supporting Formula One engineers to make split-second race decisions, empowering tennis players with AI-assisted match analysis, or delivering personalized experiences to fans, Microsoft technology is redefining the future of sports—making organizations faster, smarter, and more connected than ever before.  

    Learn more about Microsoft’s technical solutions through key partnerships below. 

    Data-driven decision-making 

    In high-performance sports, every decision can alter the course of the game. From AI-powered analytics that provide real-time insights for athletes to cloud-based solutions that optimize operations, learn more about how Microsoft technology is driving data-led decision-making and reshaping how teams compete in the Women’s World Cup of Tennis, the NFL, and Formula One. 

    Billie Jean King Cup: Transforming tennis strategy with AI 

    The Billie Jean King Cup uses Microsoft AI and cloud technologies to provide players and coaches with data visualizations and real-time insights during matches.  

    Key highlights include: 

    • Match Insights App: Azure hosted application that delivers critical gameplay data, such as player movement, ball trajectories, and shot accuracy, to coaches and players in near real-time. 
    • AI-powered analytics: Microsoft Azure OpenAI Service analyzes vast datasets to provide actionable rally and serve insights, helping coaches anticipate opponent strategies and make informed decisions. 
    • Secure data management: Microsoft Azure Cloud Services help to ensure the secure storage and processing of high-volume data generated during matches. 

    Read more about how Microsoft and the Billie Jean King Cup are elevating competition through data-driven insights.

    NFL: Game-changing technology on the sidelines 

    The NFL uses Microsoft hardware and software to enhance game-day operations and team collaboration. 

    Key highlights include: 

    • Microsoft Surface Sideline Viewing System (SVS): Hardware and software solution that provides coaches and players with near real-time, high-resolution images of plays, enabling rapid strategic adjustments. 
    • NFL Combine App: Application that streamlines talent evaluation by providing real-time access to key performance metrics. 
    • Enhanced collaboration: Microsoft Teams and Azure facilitate seamless communication and collaboration among NFL teams. 

    Read more about how Microsoft and the NFL are changing the game with new levels of operational efficiency.

    BWT Alpine Formula One Team: Data-powered racing innovation 

    BWT Alpine Formula One Team uses advanced AI and Azure’s robust cloud infrastructure to unlock new capabilities in data insights, regulatory compliance, and business operations.  

    Key highlights include: 

    • AI-powered race strategies: Azure Computer Vision and Multi-Agent Resourcing Optimization (MARO) reinforcement learning allows Alpine to optimize race day strategy and car setup based on real-time telemetry. 
    • High-speed data processing: Azure provides secure, high-speed data storage and retrieval, allowing split-second decisions during races. 
    • Regulatory compliance: Azure AI Search and Microsoft Copilot Studio streamline compliance processes, helping to ensure adherence to Formula One regulations. 

    Read more about how Microsoft and BWT Alpine Formula One Team are maximizing performance on and off the track.

    Integrated fan engagement 

    In today’s digital world, sports leagues are expected to meet fans at multiple touchpoints with highly personalized and easily accessible content. Learn more about how leagues such as LALIGA and the NBA are using Microsoft technology to redefine the sports and entertainment industries and take the fan ecosystem to the next level. 

    LALIGA: Enhancing fan engagement with data-driven insights 

    LALIGA uses real-time data processing and AI-powered analytics with Azure to deliver match insights and personalized digital experiences across platforms. 

    Key highlights include: 

    • Beyond Stats: Fan-facing data and insights platform powered by Azure that captures and analyzes more than 3.5 million data points per match to provide engaging content for fans across multiple platforms including social media, broadcast, and the LALIGA app. 
    • Data Sports Platform (DSP): Comprehensive system powered by Azure that unifies fan interaction data across touchpoints to generate tailored content and products to match fan preference. 
    • Seamless infrastructure: Azure’s high-performance infrastructure helps to ensure reliable content delivery and enhanced fan experiences across digital platforms. 

    Read more about how Microsoft and LALIGA are personalizing the experience for fans around the world.

    NBA: Building a next-generation fan engagement platform 

    The NBA integrates Azure and AI technology to provide fans with personalized content, real-time insights, and tailored experiences across digital platforms.  

    Key highlights include:  

    • AI-integrated platform: The NBA Insights and Top Performances platforms within the NBA App provide real-time game updates and AI-generated highlights to enhance the fan experience by utilizing Microsoft AI technology. 
    • The reimagined NBA App: Powered by Azure, the NBA App offers personalized content recommendations, real-time game insights, and a social-style video experience. 

    Read more about how Microsoft and the NBA are deeply engaging fans at every level.

    Transforming the sports industry

    Microsoft innovative technologies are transforming the sports industry, driving performance, enhancing fan engagement, and streamlining operations. From the racetracks of Formula One to the courts of the NBA, Microsoft’s partnerships are setting new standards for excellence in sports. As technology continues to evolve, the future of sports looks brighter than ever, with Microsoft leading the way in this exciting journey.

    Learn more about how Microsoft is transforming sports and other media and entertainment organizations around the world through our customer stories page. 

    Microsoft allows media organizations to achieve more through a trusted and secure platform, built to empower content creators and distributors, enhance the viewer experience, and reimagine monetization strategies. More information can be found on the Microsoft media and entertainment industry solutions website. 

    Next steps 

    Microsoft will be showcasing some of these case studies and more at our upcoming exhibition with NAB Show, April 5–9, 2025, in Las Vegas. Go through a journey of interactive demos that illustrate the capabilities needed to deliver fan-focused content and that highlight key aspects of the transformation process required to implement cutting-edge technologies for enhanced performance and fan engagement.

    Microsoft at the 2025 NAB Show

    See how Microsoft is helping to shape the future of broadcast and entertainment

    MIL OSI Economics

  • MIL-OSI Economics: Media release: Victorian voters back long-term role for gas in state’s energy mix – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media release: Victorian voters back long-term role for gas in state’s energy mix – Australian Energy Producers

    A majority of Victorian voters in the key federal electorates of Kooyong and Goldstein believe that natural gas has a long-term role in the state’s energy mix, new research shows.   

    With Victoria facing peak-day gas shortfalls from 2028, a poll of 1600 voters found that 86 per cent of voters in Goldstein think there is a role for gas, 61 per cent citing a long-term role. In Kooyong 81 per cent of voters believe there is a role for gas, 52 per cent citing long-term.  

    The poll commissioned by Australian Energy Producers also found that eight in 10 households in the two Melbourne electorates rely on gas for cooking, heating and hot water, and strongly oppose the Victorian Government’s plan to force them off gas.  

    Australian Energy Producers Chief Executive Samantha McCulloch said the results showed Victorians understood the critical role of gas in the state. “Victorians rely on natural gas, which has underpinned the state’s economic growth and energy security for more than half a century,” Ms McCulloch said. 

    “More than two million Victorian households are connected to gas and a third of the state’s manufacturing energy needs comes from gas. Natural gas also contributes $22 billion a year to the state economy and supports more than 44,000 jobs across the state.  

    “As the Australian Energy Market Operator confirmed last week, there are several gas projects in the southern states that could meet all southern gas demand this decade and beyond, but urgent government action is needed to remove regulatory barriers to new gas supply.”  

    70 per cent of voters in Kooyong and 56 per cent in Goldstein would prefer governments allow more natural gas exploration and production in Australia than develop gas import terminals.  

    JWS Research recently polled more than 800 voters in each of the electorates of Kooyong and Goldstein, held by Teal MPs Monique Ryan and Zoe Daniel. The poll found cost of living and energy affordability was the biggest issue influencing their vote in the upcoming federal election.  

    “The results send a strong message to candidates contesting this election that cost-of-living and rising power bills is front-of-mind for Australians,” Ms McCulloch said.  

    “Candidates should listen to their constituents who are concerned about rising power bills and support the economic and energy security benefits of bringing more gas online.” 

    Key findings from JWS Research polling in the electorates of Kooyong and Goldstein are summarised below.  

     

    Key results of JWS Research polling in Kooyong and Goldstein   

    JWS conducted the poll on 12-13 March on behalf of Australian Energy Producers, with around 800 respondents in each electorate.  

     

    Goldstein 

    • 86% believe natural gas has a role in Victoria’s energy mix, with 61% citing a long-term role. Only 6% saw no role.   
    • 80% use natural gas at home for cooking, heating or hot water. 
    • 53% oppose the Victorian Government’s proposal to ban new household gas connections and appliances. Only 37% support a ban. 
    • 70% would prefer governments allow more natural gas exploration and production in Australia than develop gas import terminals. Only 12% said they’d prefer LNG import terminals, with 18% undecided.  
    • 34% ranked cost of living including energy affordability as the most important issue in deciding who to vote for in the upcoming election, followed by crime (14%), climate change and the environment (14%), and hospitals, healthcare and ageing (11%). 

    Kooyong 

    • 81% believe natural gas has a role in Victoria’s future energy mix, with 52% citing a long-term role. 10% saw no role.   
    • 80% use natural gas at home for cooking, heating or hot water. 
    • 54% oppose the Victorian Government’s proposal to ban new household gas connections and appliances. Only 37% supported the ban. 
    • 56% would prefer governments allow more natural gas exploration and production in Australia than develop gas import terminals. Only 12% said they’d prefer LNG import terminals, with 32% undecided.  
    • 31% ranked cost of living including energy affordability as the most important issue in deciding who to vote for in the upcoming election, followed by hospital, healthcare and ageing (15%), climate change and the environment (14%), and housing affordability (12%). 

    Media contact: 0434 631 511

    MIL OSI Economics

  • MIL-OSI Economics: Agriculture Committee adopts two decisions to enhance transparency, notifications

    Source: WTO

    Headline: Agriculture Committee adopts two decisions to enhance transparency, notifications

    Tariff-Rate Quotas (TRQs) allow a specified quantity of a product to be imported at a lower tariff rate, while any quantity exceeding that limit is subject to higher tariffs.
    Triennial reviews of Nairobi and Bali decisions
    The Chair announced that members successfully concluded the third triennial review of the Nairobi Decision on Export Competition in December 2024 through a written procedure. The outcome package includes the Review Report (G/AG/39 ) and a decision on a comprehensive export competition notification requirements and formats (G/AG/2/Add.2 ). This streamlines the relevant notification requirements adopted in 1995 (G/AG/2 ) and integrates the export competition questionnaire (ECQ) from the Nairobi Decision. She thanked members for their constructive engagement in reaching consensus.
    Members also adopted a key document on enhanced transparency of TRQ administration notifications (RD/AG/134/Rev.2)  in order to implement the Bali Decision on Tariff Rate Quota administration. Members hailed the successful adoption of the decision on TRQ notifications (G/AG/2/Add.3), recognizing it as the culmination of months of hard work and productive dialogue.
    Members also launched discussions on the second triennial review of the operation of the Bali Decision and shared their expectations of the review.
    Updates on agricultural market developments, food security
    Members heard updated reports from the World Food Programme(WFP), the International Grains Council (IGC) and the World Bank on the latest developments in food security and agriculture. The organizations were invited to the Committee to share information and experiences as a follow-up to  the report and recommendations of the work programme undertaken pursuant to the MC12 declaration on food insecurity.
    The WFP warned that the world is entering a period of high uncertainty, marked by a worsening global food security crisis and humanitarian funding cuts. It estimated that 343 million people suffered from acute food insecurity across 74 countries in 2024 — nearly 200 million more than pre-pandemic levels.
    The WFP stressed that conflict remains the primary driver of food insecurity in war zones, including Sudan, the Democratic Republic of the Congo, Gaza and Somalia. Other factors, such as climate change, economic instability, rising food prices and currency depreciation, continue to affect food supply in developing economies.
    The WFP urged governments to find political solutions to end conflicts, strengthen food systems and enhance support for local economies. It also called for governments to secure funding to protect vulnerable populations and build community food resilience.
    The IGC projected record grain production and a global rebound in grain trade in 2025–26, driven by strong demand from Asia and Africa, as well as other positive market trends. The IGC also outlined its ongoing efforts to improve and standardize trade statistics for rice through better classification of rice types in global trade. It has also developed a dashboard for net food-importing countries to track market changes and refine food security strategies.
    The World Bank echoed concerns raised by the WFP and IGC, stating that acute food insecurity remains at record levels, with an estimated 713–757 million people undernourished. It introduced its Global Challenge Program on Food and Nutrition Security, which includes early warning systems, cross-sectoral approaches to nutrition, and improved access to climate finance for smallholders.
    The World Bank reaffirmed its commitment to nutrition security, emphasizing its alignment with global efforts such as the Nutrition for Growth Summit in Paris and its integration of nutrition objectives across health, agriculture and social protection investments.
    Members thanked the international organizations for their updates. Some highlighted concerns over food insecurity in least developed countries (LDCs) and net food-importing developing countries (NFIDCs), citing conflict, climate change and high import dependency as key challenges. Others emphasized the need for greater financial support for food and climate resilience while urging the WTO to address the root causes of food insecurity through further agricultural reforms.
    Members also discussed follow-up to Food Security Work Programme recommendations (G/AG/38) from the 12th Ministerial Conference. The Chair commended members’ efforts in implementing some of these recommendations within the Committee and the Working Group on Trade, Debt and Finance. Some members stressed the need to turn recommendations into concrete actions, including informal dedicated workshops to share experiences.
    Review of the NFIDC list 
    Divergences remain on the annual review of the NFIDCs list, which is undertaken annually in the Committee’s March meeting. Some members favoured a data-based review exercise requiring NFIDCs to present updated statistics, whereas some others saw no basis to submit such data by NFIDCs beyond their inclusion in the list.
    The discussion concluded without a common understanding of whether the annual review had been accomplished. Some members called for continued discussions in subsequent meetings, while others opposed extending talks beyond the annual March meeting. At the same time, members agreed that the current list (G/AG/5/Rev.12) remains valid unless consensus dictates otherwise.
    Review of agricultural policies
    A total of 208 questions were raised by members concerning individual notifications and specific implementation matters during the meeting. This peer review process allows members to address issues related to the implementation of commitments outlined in the Agreement on Agriculture. Of these, 31 issues were raised for the first time, while 15 were recurring matters from previous Committee meetings.
    The 31 new items covered a range of topics, including Australia’s food and fibre program, Brazil’s rural initiative, Canada’s multiple farm and dairy support programs, and the European Union’s tariffs on Russian agri-food imports. Other topics included India’s sugar support and tariff changes on Bourbon whiskey, Indonesia’s various farm support policies, and Japan’s support for CO₂ reduction and fertilizer procurement. Members also reviewed Paraguay’s financial assistance to farmers, Switzerland’s farm payments, Thailand’s debt relief measures and rice support, Türkiye’s tax and pricing systems, the United Kingdom’s productivity-boosting scheme, and the United States’ applied tariffs and multiple farm support programs.
    Since the previous meeting in November 2024, a total of 110 individual notifications have been submitted to the Committee, covering market access, domestic support, export competition and notifications in the context of the NFIDC Decision. The majority of these notifications — 45 in total — pertain to export competition.
    The Chair urged members to submit timely and complete notifications and to respond to overdue questions, stressing the critical importance of enhanced transparency.
    All questions submitted for the meeting are available in G/AG/W/252. All questions and replies received are available in the WTO’s Agriculture Information Management System (AG IMS).
    Technology transfer
    The Chair reported productive discussions at an informal meeting on 13 February regarding guidance on how to pursue further discussions on technology transfer in 2025.
    Some members expressed interest in shifting discussions from experience-sharing to the WTO framework of rules and its role in promoting agricultural innovations and technologies. While they acknowledged that the Agreement on Agriculture provides a clear policy and legal basis for agricultural technology transfer — essential for improving food security and rural development — barriers remain in accessing these technologies, highlighting the need for affordable innovations. To address these challenges, these members suggested future seminars to discuss both policy considerations under the Agreement on Agriculture and practical country case studies.
    Some members also emphasized the need for the Committee to further explore sustainable agriculture, with a focus on practical, expert-led discussions. One suggestion was to highlight the importance of capacity building in developing economies, supported by strengthened collaboration with regional research centres.
    The Chair noted the need to continue discussions on this agenda item at the next meeting, which will help the incoming Chair plan future work.
    Other business
    The Chair said that the election of the new Chair will be considered at the June meeting, as the consultation process is still ongoing.
    The Inter-American Institute for Cooperation on Agriculture (IICA) briefly introduced its 2025 work plan (G/AG/GEN/248). In close cooperation with the WTO, the IICA will organize a seminar in Paraguay in the second half of the year to train government officials from the region on improving their notification capacity and negotiation skills.
    Next meeting
    The next meeting of the Committee on Agriculture is scheduled for 23-24 June 2025.

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    MIL OSI Economics

  • MIL-OSI Economics: The ImaSpiiR-X consortium receives support from France 2030 to improve the management of cancer and cardiovascular diseases through medical imaging

    Source: Thales Group

    Headline: The ImaSpiiR-X consortium receives support from France 2030 to improve the management of cancer and cardiovascular diseases through medical imaging

    France 2030 has announced its support for the ImaSpiiR-X consortium, providing €18.2 million in funding over 60 months to move from black-and-white X-ray medical imaging (which displays only tissue density) to full-colour spectral imaging (capable of identifying tissue composition). To achieve this, the consortium will develop next-generation flat-panel detectors that will provide enriched digital radiographic images, along with advanced analysis algorithms.

    ImaSpiiR-X will help physicians in real time to perform more comprehensive and accurate diagnoses, better guide their procedures with the assistance of an advanced imaging system, and therefore save precious minutes in patient care. This is particularly crucial for certain critical conditions such as strokes (cerebrovascular accidents), during which two million neurons are lost every minute. Strokes are the leading cause of disability and the third-leading cause of death in France.

    ImaSpiiR-X brings together key national players from industry and academia: Trixell, the project coordinator, CEA, Thales, Pyxalis, and Claude Bernard University Lyon 1. Located in the Rhône-Alpes region within the world-class competitiveness clusters of Minalogic and Lyonbiopôle, they complement each other by providing the necessary expertise in materials, semiconductors, electronics, and algorithms, with breakthrough technologies serving the medical community. These five partners will oversee the technological development of the project, preclinical validations, and industrial optimisation for the commercialisation of spectral flat-panel detectors. They will also rely on a team of international medical experts.

    This project will strengthen the French ecosystem, a global leader in interventional radiology and real-time image-guided surgery, while improving the quality of care provided to patients. The flat-panel detectors resulting from this collaboration will be manufactured in France, with the majority of supplies sourced from more than 200 French suppliers.

    MIL OSI Economics

  • MIL-OSI Economics: Trade Policy Review: Cambodia

    Source: World Trade Organization

    The following documents are available:

    Secretariat report

    A detailed report written independently by the WTO Secretariat.

    Government report

    A policy statement by the government of the member under review.

    From the meeting

    The Secretariat and Government reports are discussed by the WTO’s full membership in the Trade Policy Review Body (TPRB).

    Background

    Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. All WTO members are subject to review, with the frequency of review depending on the country’s size.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Datacenters video: The secret to connectivity

    Source: Microsoft

    Headline: Datacenters video: The secret to connectivity

    Datacenters play a crucial role in our everyday lives, operating around the clock to support a wide spectrum of services, from the life-saving work of doctors and first responders to essential needs such as online banking and remote work.

    Watch the video to learn more about Microsoft datacenters and how they power the things we do every day.

    MIL OSI Economics

  • MIL-OSI Economics: How the mind-splitting world of Severance comes together on Mac

    Source: Apple

    Headline: How the mind-splitting world of Severance comes together on Mac

    March 26, 2025

    UPDATE

    How the :br(s):mind-splitting world :br(s):of Severance :br(s):comes together on Mac

    Geoffrey Richman, supervising editor on the global hit Apple Original workplace thriller, shares his creative process, why Mac is an indispensable tool, and his thoughts on who’s behind the video editing at Lumon

    In the fictional world of Lumon Industries, the biotech titan that’s central to the Apple Original series Severance, it’s possible to separate a person’s work and personal selves through a surgical procedure. And yet, for some employees of the cutting-edge company, video editing proves particularly challenging. In episode four of season two, “Woe’s Hollow,” we got a glimpse at a lo-fi attempt in the video that welcomes the Macrodata Refinement Department to the Outdoor Retreat and Team Building Occurrence (ORTBO).

    “It’s hilarious,” says Geoffrey Richman, one of the show’s real-life editors and a three-time Emmy Award nominee. “With the jumpcuts and glitchy edits in the ORTBO video, it feels like Milchick [played by Tramell Tillman] cut the video together quickly with Miss Huang [Sarah Bock] in the back room behind his office.”

    Richman can’t relate. From his iMac in his at-home edit bay in Park Slope, Brooklyn, he works closely with his colleagues — including executive producer and director Ben Stiller — to create a visually and aurally stunning, genre-blurring, certifiable hit show.

    While Milchick may have access to unlimited paper clips and celebratory melon platters, he most certainly doesn’t have access to the Mac-powered setup that Richman relies on to do his job so successfully. His ecosystem of Macs — which includes his iMac, Mac mini, and MacBook Pro — became even more essential during the season two finale, “Cold Harbor.” This was one of the show’s most challenging episodes to edit, according to Richman.

    “For the finale, there was a lot of experimenting with structure and testing out different ideas about how to play out different scenes,” says Richman. “It was a constant flow of ideas and my Mac setup allowed for such a smooth experience.”

    “In cutting the marching band, there were about 70 angles and takes to choose from, so we synced them all up in one multicam clip with banks of nine [3×3 arrays],” he continues. “Being able to play nine angles simultaneously in real time — and switch quickly between all the different options — made it a whole lot easier to find what we wanted at any given moment.”

    The only thing Richman does relate to about the Lumon crew is that he descends a level to work each day, much like the show’s protagonist Mark Scout, played by Adam Scott. On a lower floor within his apartment, Richman edits on iMac, which remotes into a separate Mac mini. This Mac mini runs Avid — the industry-standard video editing software — from a post-production facility in Manhattan’s West Village.

    It’s a familiar setup for Richman, who says the vast majority of all the editing work he’s ever done is on Mac. “I like the interface on Mac a lot better than on a PC,” he says. “I find the way the operating system is laid out to be much more comfortable. I’m able to move between different applications very quickly on Mac.”

    The setup is also ideal for a job that doesn’t always take place at a single desk. Though Richman, along with the rest of the editors on the show, is remote, he occasionally heads to set, where there’s an edit room with iMac. And he’s also brought his MacBook Pro onto set to have easy access to cuts for reference on location as needed.

    “I can work on my laptop and I can work on my iMac, and I can work at the post facility or I can work at Ben’s office, and as long as I’m logged into my account, everything I do shows up everywhere,” says Richman, who appreciates the seamless data sharing and device collaboration that happens with iCloud and Continuity. “I could be lying in bed and I have a thought, and I’ll type it into my iPhone, and then the next day, it just shows up in the Notes app on my desktop. That aspect of Mac I find very handy — to not think about which system I’m physically at.”

    While working on “Woe’s Hollow,” Richman depended on the performance, portability, and exceptional battery life of MacBook Pro for a visit with Stiller near the snow-covered Minnewaska State Park Preserve in upstate New York, where the episode was filmed. Richman also appreciates the multiple ports on MacBook Pro, including an HDMI port, which is important for collaboration during an edit.

    “I was able to go to the place where Ben was staying and plugged my MacBook Pro into his TV, and we were able to edit right off of my laptop,” he says.

    Richman is also a fan of how easy it is to multitask on Mac. “I like running all the things that I use throughout the day all the time,” he says. “So I have Avid running, as well as the Notes app, Slack, Mail, Messages, Calendar, and Safari. All these things are open and running all the time, but then I love that I can use a shortcut to access Mission Control to switch over to a different app.”

    Multitasking is a major component of Richman’s work, as he sometimes works with Stiller on individual scenes — such as the birthing cabin sequence in the season two finale — before the assemblies are completed.

    “I would send Ben cuts of scenes as I finished them to get early feedback on them,” says Richman. “He would either send notes in an email or we would talk about it on the phone, then I could do another pass of the scene even before getting through the whole episode. That way, we knew we were always climbing the same mountain.”

    An episode’s score also happens simultaneously with the edit. Richman speaks with Theodore Shapiro, the show’s composer, regularly during editing. And if Shapiro sends music cues after the workday has ended, Richman is often too excited to wait until the next day to hear them, so he listens immediately from his MacBook Pro or iPhone using AirPods Pro 2.

    “Music is such a big part of enhancing the show,” says Richman. “You can actually shift a scene into a darker tone based purely on the music. Even though everything about the scene would otherwise look pretty light, the music can bring you into the way a character is feeling as opposed to what you’re seeing onscreen.”

    Shapiro composed the two marching band songs used in the season finale, an episode that required an extreme amount of coordination in the editing. Working on his iMac, Richman had to make sure the instruments on camera stayed in sync with the music — all while building one of the most frenetic, tension-fraught sequences of the season. Organizing the marching band footage alone took over a week, and with so many angles and takes to choose from at any given moment, there were potentially hundreds of ways to cut the scenes.

    “Those were definitely scenes where I was jotting down notes on my iPhone and then — to get a different perspective — I’d work on my MacBook Pro, sketching ideas while sitting on my couch or in bed, before bringing those thoughts back to my iMac,” he says.

    For audiences, the finale delivered higher stakes, new insights into the mysterious inner workings of Lumon, and likely a more menacing view of marching bands. For Richman, the finale brought both big obstacles and major rewards.

    “I mean, the marching band scenes were extremely challenging,” he says. “But I hesitate because with the finale, for example, where we were doing a lot of work with structure, that’s a part of the process I particularly enjoy. So it’s challenging, but it’s also very satisfying and just fun.”

    Season two of Severance is now streaming on Apple TV+. Watch Geoffrey Richman, Ben Stiller, and additional Severance editors discuss the making of the season two finale in Behind the Mac, available now on YouTube. (Warning: this film contains spoilers from season two of Severance.)

    Press Contacts

    Starlayne Meza

    Apple

    starlayne_meza@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN attends dinner hosted by Ambassador of China to ASEAN

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, attended a dinner hosted by Ambassador of the People’s Republic of China to ASEAN, H.E. Hou Yanqi, this evening. Both sides took the opportunity to exchange views on ASEAN-China Comprehensive Strategic Partnership, including deliverables of ASEAN-China cooperation this year in support of ASEAN’s priorities in 2025 and beyond.

    MIL OSI Economics

  • MIL-OSI Economics: Introducing Researcher and Analyst in Microsoft 365 Copilot

    Source: Microsoft

    Headline: Introducing Researcher and Analyst in Microsoft 365 Copilot

    Introducing two, first-of-their-kind reasoning agents in Microsoft 365 Copilot.

    Today, we’re excited to introduce two first-of-their-kind reasoning agents for work: Researcher and Analyst. They analyze vast amounts of information with secure, compliant access to your work data—your emails, meetings, files, chats, and more—and the web to deliver highly-skilled expertise on demand.

    Researcher helps you tackle complex, multi-step research at work—delivering insights with greater quality and accuracy than previously possible. It combines OpenAI’s deep research model with Microsoft 365 Copilot’s advanced orchestration and deep search capabilities. You can use Researcher to build a detailed go-to-market strategy based on the context of all your work data and broader competitive data from the web; identify whitespace opportunities for a new product based on emerging trends and internal data; or create a comprehensive quarterly report for a client review detailing work to date along with the latest market analysis. And Researcher can leverage third-party data via connectors to enhance its capabilities and provide more comprehensive insights—allowing it to integrate data from external sources, such as Salesforce, ServiceNow, Confluence, and more, directly into Microsoft 365 Copilot. It can even pull in data through other agents such as Sales Chat.

    See more examples of Researcher in action.

    Analyst thinks like a skilled data scientist, so you can go from raw data to insights in minutes. Built on OpenAI’s o3-mini reasoning model and optimized to do advanced data analysis at work, Analyst uses chain-of-thought reasoning to progress through problems iteratively, taking as many steps as necessary to refine its reasoning and provide a high-quality answer that mirrors human analytical thinking. It can run Python to tackle your most complex data queries—and you can view the code it’s running in real time and check its work. For example, you can use Analyst to turn raw data scattered across multiple spreadsheets into a demand forecast for a new product, a visualization of customer purchasing patterns, or a revenue projection.

    See more examples of Analyst in action.

    Researcher and Analyst will start rolling out to customers with a Microsoft 365 Copilot license in April as part of a new “Frontier” program that gives customers early access to new Copilot innovations while they’re still in development.

    Read more about Researcher and Analyst.

    Deep reasoning and agent flows in Microsoft Copilot Studio

    We’re also announcing deep reasoning and agent flows in Microsoft Copilot Studio, a comprehensive platform to easily create, manage, and deploy agents for your unique business needs. Organizations can build deep reasoning into their agents to execute complex and multi-faceted business processes, while also using flows to automate processes quickly and predictably. Learn more about these new reasoning capabilities in Copilot Studio.

    And lastly, new capabilities that enable you to build autonomous agents in Copilot Studio are generally available today. Now, agents can act independently, initiate events, and automate complex business tasks.

    IT teams can confidently adopt all these innovations by using the Copilot Control System. It enables intelligent grounding on enterprise data while respecting your organization’s controls, and it empowers IT to govern access and usage of Copilot and agents.

    See Researcher in action

    See the full response.

    See the full response.

    See the full response.

    See Analyst in action

    Transform every business process with agents

    These announcements further our ambition to empower every employee with a Copilot and transform every business process with agents. With Researcher and Analyst, every employee has access to expertise on demand—right in the flow of work. We can’t wait to see what you do with them.

    Reinvent productivity with Microsoft 365 Copilot

    MIL OSI Economics

  • MIL-OSI Economics: An advisor in their pocket: Helping smallholder farmers in Malawi thrive with AI

    Source: Microsoft

    Headline: An advisor in their pocket: Helping smallholder farmers in Malawi thrive with AI

    Greater yields and better profits

    Hundreds of Farmer Support Agents (FSAs) have been trained as intermediaries between the tech and the 100,000 households they support. This ensures that farmers without mobile phones will be able to access valuable information. Due to how knowledgeable FSAs are, they’re able to respond with insightful answers that help farmers apply Ulangizi recommendations to any questions they have.

    Most smallholder farmers produce a fraction of their potential yields and this limits their financial mobility, but when they approach farming like a business, their lives often transform for the better. Ulangizi AI is helping them plant more, increase their herds, hire laborers, and improve the economy for their communities. With the chatbot, farmers are learning better ways to care for the right crops and produce more bountiful harvests.  “Being able to save their livelihood is dependent on how quickly farmers know the challenges and how to solve them,” says Ama Akuamoah, Director of Market Engagement, Opportunity International.

    The chatbot provides farmers with details about how much seed they need per acre along with forecasts, giving them an advantage over severe and unpredictable weather patterns. And when their crops are thriving, market data helps them know when to harvest and sell for the greatest profit. Opportunity’s FSAs are also teaching farmers how to steward the land in more sustainable and regenerative ways. With this knowledge, farmers will have more free time to learn new skills or start another business, and they can use the extra money to take care of their families and their homes.

    Opportunity International anticipates that investments in AI will cut the cost of training new FSAs by more than two-thirds, making it possible to grow its FSA program even more. Ulangizi AI will help educate new FSAs much faster and empower them with information that helps millions of smallholder farmers. Ulangizi AI is just the beginning of how Opportunity is leveraging technology. They’re dedicated to developing a suite of AI-powered solutions that support agriculture, education, and upward mobility in Malawi, Kenya, Ghana, and beyond.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Launches 2025 Neo QLED TVs Powered by Samsung Vision AI

    Source: Samsung

    Samsung Electronics America today announced availability of its 2025 Samsung Neo QLED 8K and Samsung Neo QLED 4K TV series. The new lineup offers stunning visuals and immersive sound, and are the first to feature Samsung Vision AI1 with smarter, adaptive features that reimagine what Samsung TVs can do.
    Samsung Vision AI pairs AI-enhanced picture and sound for maximized performance with personalized experiences designed to help you engage more deeply with your content and enjoy a viewing experience catered just to you.
    This includes everything from learning more about the actors on screen and receiving content recommendations with a new “Click to Search” feature, to real-time translations of what you’re watching with subtitles in your preferred language using a new “Live Translate” feature. You can even control your TV with hand motions while wearing your Galaxy Watch, thanks to Universal Gestures – and much more.

    “We know great picture and immersive sound are just the beginning of what shoppers are looking for when choosing a TV today,” said Lydia Cho, Head of Product, Home Electronics at Samsung Electronics America. “In fact, enhanced connectivity, smart features and ease of use are more important than ever. Samsung Vision AI transforms your TV to bring together the best of it all, delivering AI-powered innovations that reinvent what’s possible from your Samsung TV.”
    Neo QLED 8K: Our Best Picture with 8K Resolution

    Featuring two new models (QN990F, QN900F) our Neo QLED 8K series delivers an exceptional glare free picture with Quantum Matrix Mini LEDs, immersive sound and breakthrough experiences, all powered by Samsung Vision AI.
    Built with our most advanced NQ8 AI Gen3 Processor2, the QN990F series (65” – 98” screen class sizes) leverages 8K AI Upscaling Pro3to transform SD, HD or even 4K content into the sharpest and smoothest picture of any Samsung TV.
    The QN990F also integrates our award-winning Glare-Free technology, offering stunning 8K visuals across dark and bright rooms. Plus, the all-new Wireless One Connect Box4 makes installation and connectivity a breeze, wirelessly transmitting your inputs from up to 30 feet away.
    Motion Xcelerator 240Hz5 ensures blazing fast motion clarity for gaming and sports, while AI Motion Enhancer Pro6 smooths the motion of fast-moving visuals and text, so you can always keep your eye on the ball.
    Dedicated top-channel speakers power Dolby Atmos sound, while Object Tracking Sound Pro7 provides dynamic, realistic audio that follows the movements on screen – like creepy footsteps in a horror movie or cars zooming around a track.

    The QN900F series (65” – 85” screen class sizes) offers 8K AI Upscaling8 that enhances any content up to 8K resolution. It will also incorporate Glare-Free technology and feature a new Metal Frame design that beautifully compliments your space and elevates your aesthetic.
    Motion Xcelerator 165Hz offers smooth visuals and blistering speeds. And, Object Tracking Sound+ with Dolby Atmos takes you inside each scene with sound that moves in sync with the content on your screen.
    The QN900F series (65” and 75” class sizes) is available starting today, and the QN990F series and 85” Class QN900F will be rolling out soon.
    QN990F (65” – 98”)

    98” Class QN990F: $39,999
    85” Class QN990F: $8,499
    75” Class QN990F: $6,499
    65” Class QN990F: $5,499

    QN900F (65” – 85”)

    85” Class QN900F: $5,499
    75” Class QN900F: $4,299
    65” Class QN900F: $3,299

    Neo QLED 4K: Enjoy Crisp Clarity in Every Scene

    The Samsung 2025 Neo QLED 4K lineup is the most expansive yet, including three model series (QN90F, QN80F, and QN70F), all featuring Quantum Matrix Mini LEDs for stellar brightness and accurate color across every scene.
    The flagship QN90F (43” – 115” screen class sizes) features the upgraded NQ4 AI Gen3 Processor9, which ensures that content always looks its best – improving picture and sound as you watch. The processor upscales10 older content into 4K resolution, while Neo Quantum HDR+11 analyzes each scene to boost brightness and make visuals appear even more realistic.
    Plus, the QN90F will feature our Glare-Free technology, so you can enjoy your favorite content with virtually no glare. Motion Xcelerator 165Hz12 ensures you’ll experience ultra-smooth motion at blazing fast speeds, no matter the genre.
    Both the QN80F (55” – 100” screen class sizes) and QN70F (55” – 85” screen class sizes) feature the NQ4 AI Gen2 Processor for an AI-enhanced 4K picture and optimized sound, as well as 4K AI Upscaling13 and smooth, tear-free gaming with Motion Xcelerator 144Hz.

    And, later this year, we’re further expanding the QN90F and QN80F series in a BIG way. We’ll offer a 100” class size on the QN80F and a 115” class size on the QN90F, our largest ever consumer display. Both of these ultra-large sizes will uniquely leverage Supersize Picture Enhancer14, which optimizes visuals for our largest screens so you can go bigger without the blur.
    The QN90F series and QN80F series are available for purchase starting today, with the QN70F series arriving soon.
    QN90F (43” – 98”)

    98” Class QN90F: $14,999
    85” Class QN90F: $4,499
    75” Class QN90F: $3,299
    65” Class QN90F: $2,699
    55” Class QN90F: $1,999
    50” Class QN90F: $1,499
    43” Class QN90F: $1,399

    QN80F (55” – 85”)

    85” Class QN80F: $3,499
    75” Class QN80F: $2,299
    65” Class QN80F: $1,799
    55” Class QN80F: $1,299

    Samsung Vision AI will power the viewing experience across our Neo QLED 8K, Neo QLED 4K, OLED, The Frame and QLED series, delivering intuitive features like Click to Search15, Live Translate16 and Universal Gestures17 – all of which will help enhance entertainment and simplify interactions with your Samsung TV.
    Also new this year, the Samsung Neo QLED 8K, 4K and QLED lineups will offer access to the Samsung Art Store18, the best way to transform your TV and elevate your home decor with the perfect piece of art for every season, holiday and mood. We’ve seen tremendous success with the Samsung Art Store on The Frame and now we’re excited to bring it to even more Samsung TV owners. Choose from over 3,000 works of art, including exclusives from the world’s leading artists, museums and galleries. Discover work from Jean-Michel Basquiat, Salvador Dalí, Vincent van Gogh, The Met, MoMA, Art Basel and many more.
    And, our integrated Samsung Tizen OS now offers up to seven years19 of updates, ensuring you’ll have easy access to the latest apps, services and AI features – all from a fast and responsive interface on your Samsung TV.

    Across our massive portfolio of screens, you can also experience endless content with 2,700+ free channels, including 400+ Samsung TV Plus20 premium channels. That’s not to mention console-free gaming, with Samsung Gaming Hub21 serving up thousands of games in partnership with major players like Xbox, NVIDIA GeForce NOW, Amazon Luna, and more.
    Plus, our TVs integrate with 340+ smart home brands via SmartThings22 and even unlock exclusive features when you pair with select Samsung devices. All the while, Samsung Knox23 keeps your personal data secure with triple-layer protection.

    No matter which Samsung screen you choose, you can shop confidently from the #1 global TV brand for 19 years running.
    On the audio front, Samsung is also announcing the launch of select Q-series soundbars, including the flagship HW-Q990F ($1,799) and HW-Q800F ($999).
    For more on the latest Samsung TV and audio products, visit www.samsung.com/us/.

    MIL OSI Economics

  • MIL-OSI Economics: pellertrading.online: BaFin warns of website and points to suspected identity fraud

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The operator of the website appears only under the name PellerTrading, without mentioning a legal form. He claims to be based in Zurich, Switzerland, at LLB Swiss Investments AG and in London, United Kingdom.

    BaFin has no information indicating that LLB Swiss Investments AG, a company registered in the Swiss commercial register and with the Swiss Financial Market Supervisory Authority (FINMA), has any connection to the offers on the pellertrading.online website or to the operator of the website. It is assumed that this is an identity fraud at the expense of LLB Swiss Investments AG.

    Recently, BaFin has become aware of other websites with almost identical content, which BaFin has also warned against. In all cases, the presentation on the websites begins with the following sentence: “Step up your trading with [name of operator]”.

    Anyone offering financial or investment services or crypto-securities services in Germany requires the permission of BaFin. However, some companies offer such services without the necessary permission. You can find information on whether a particular company is authorized by BaFin in the database of companies.

    BaFin’s information is based on Section 37 (4) of the German Banking Act (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KMAG).

    Please be aware:

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

    MIL OSI Economics

  • MIL-OSI Economics: Nuclear fusion: Delivering on the promise of carbon‑free power with the help of AI

    Source: Microsoft

    Headline: Nuclear fusion: Delivering on the promise of carbon‑free power with the help of AI

    Jean-Daniel Delaplagne is the IT Section Leader for ITER. He has been with the organization for 15 years.

    ITER has been a longtime Microsoft client, he said, with Office 365, Windows servers, and other Microsoft tools in use throughout the organization. But in the past year that use has expanded in new directions.

    “One of our targets was to connect with our knowledge base here in a better way,” Delaplagne said. “We have 20 years of knowledge — more than 1 million documents.”

    His team fine-tuned an Azure OpenAI Service chatbot designed to make mining that database easier. ITER has been working with Microsoft partner Witivio to make the link between that knowledge platform and the Microsoft 365 Copilot through agentic features.   An example of an “agentic element” is a tool specifically designed to translate the hundreds of acronyms ITER uses.

    Delaplagne said that the chatbot has been very helpful in a variety of ways.

    “In the end we have been getting quite good quality of answers on very technical knowledge of ITER,” he said.  “It’s not just good at finding documents, it’s good at finding information within documents and the meaning of different aspects of engineering and construction.”

    After an initial use phase of Microsoft 365 Copilot with 50 beta testers, ITER is expanding to more than 300 Copilot licenses with plans to add more, Delaplagne said. Copilot is also being used for administrative tasks like initial evaluations of CVs as well as for purchasing and inventory.

    Azure OpenAI Service is also being used to make a history of all the IT tickets on file searchable. He said ITER typically has 40,000 requests for IT help each year. Making the history of all those help requests and solutions searchable could speed up the resolution of common issues; he said the system has been well-received so far. He also said health and safety officers have used Copilot to draft inspection methodologies and checklists, including generating open-ended questions.

    MIL OSI Economics

  • MIL-OSI Economics: Meet your AI Beauty Counselor: K-beauty giant Amorepacific builds an AI app for personalized advice

    Source: Microsoft

    Headline: Meet your AI Beauty Counselor: K-beauty giant Amorepacific builds an AI app for personalized advice

    Traditionally, salespeople at department stores or door-to-door have fulfilled that role. But these experts are scarce online. While beauty influencers abound, they usually promote specific products rather than what consumers want or need. 

    “We want to provide the same level of service that [customers] get offline in the online environment,” Hong said.  

    Hyper-personalization 

    Amorepacific was started 80 years ago by Suh Sungwhan, whose mother, Yun Dokjeong, bottled camellia oil by hand. It was the first Korean company to set up a cosmetics lab in the 1950s and to open a beauty counseling center in the 1960s. Today it is helmed by Suh’s son, Kyungbae Suh, and its well-known brands include Etude, Innisfree and Hera at the entry level, Laneige a step up and Sulwhasoo at the luxury end. 

    Amorepacific products are sold in more than 15 markets, the biggest being Korea, China and the rest of Asia Pacific. It is also making inroads in North America and Europe.  

    The organization was already using AI technology on its online Amore Mall to drive product search, recommendations and skin diagnosis when generative AI burst onto the scene about three years ago.  

    “We saw how we could make it [the online experience] a conversational service,” said Chikook Noh, Amorepacific’s AI Solutions Team Leader.

    Chikook Noh, Amorepacific’s AI Solution Team Leader, sees the app advising first on skincare then on make-up in future. Photo by Seong Joon Cho for Microsoft.

    The AIBC uses OpenAI’s GPT 4o and 4o-mini large language models on Microsoft Azure OpenAI Service to answer customer queries in the app. The underlying data is handled with Data Factory on Microsoft Fabric and AI Search functions in Azure AI Foundry. 

    The AIBC would help overcome a gap with the company’s existing online skin diagnosis tool on Amore Mall, Noh said. Currently consumers answer a series of questions such as “Is your skin oily? (Rate on a scale of 1 to 5)” and take a picture of their faces. It produces an overall score and dispenses advice on skincare and products. 

    This skin diagnosis tool has been used 2.5 million times online and in stores by consumers over the last four years. The IT department noticed an interesting thing – when used online via Amore Mall, “the transition to purchase tends to be on the lower side,” Noh said. But when used in a physical store, “the offline rate is very high because there is a conversation with the sales assistant.” 

    Sion Kim tries out the AI Beauty Counsellor app, which is being launched soon. Photo by Seong Joon Cho for Microsoft.

    The AI app aims to provide the kind of advice that store sales assistants provide to drive sales. Inputs for the AIBC will include consumers’ purchase history, review history as well as online skin diagnosis. The AIBC will then converse with the consumer to determine their current skin status and what their concerns are. 

    The most important thing is the “hyper-personalization. I know you. I know what troubles you have. I know what makes you feel good,” Noh said. 

    Different beauty needs 

    The AIBC development team anticipates interest even from those who don’t use a ton of beauty products. 

    Hyejin Yoon, 35, is at the other end of the consumer spectrum from Kim, the Pilates instructor. A former Chinese teacher for middle and high-schoolers, she now stays home with her one-year-old baby on the outskirts of Seoul. 

    Before the baby, she used various Amorepacific brands like Hera, Primera and Hanyul. Now there’s only time for a face wash, a toner and moisturizing cream from Illiyoon, a fragrance-free brand aimed at people with sensitive skin. She shares the cream with her baby. 

    “I have no time to put on so many steps because of the baby,” she said. 

    Hyejin Yoon is a time-pressed new mother in Seoul who says she would use the AI Beauty Counsellor app to suggest products for her skin. Photo by Seong Joon Cho for Microsoft.

    She noticed how her skin changed when she became a mother. “I feel my skin is getting drier and drier,” she said. “I am tired of having to keep trying different products.” 

    She briefly tried a test version of the AIBC app and said she could see herself using it, especially if it includes facial analysis. 

    The AI Beauty Counselor is Amorepacific’s first public-facing use of generative AI. 

    It follows the organization’s roll out in 2023 of a generative AI chat tool for internal use, also on Microsoft Azure OpenAI Service. That has been used for everything from summarizing medical research articles to creating interior designs for pop-up stores to creating marketing content. 

    Since the AIBC involves interacting with the public, the IT team has also taken pains to anticipate potentially risky subjects such as politics and religion. If a consumer touches on these subjects, the AIBC will reply: “This is a question we cannot answer,” according to Hong. 

    In the future, the goal is for the AIBC to go beyond text to include voice and images and dispense advice not just on skincare but also make-up and health supplements.

    Top Image: Sion Kim, a 26-year-old Pilates instructor, said she would use the AI Beauty Counsellor app to keep up with seasonal trends and what suits her skin type. Photo by Seong Joon Cho for Microsoft. 

    MIL OSI Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on Punjab & Sind Bank

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹68.20 lakh (Rupees Sixty Eight Lakh Twenty Thousand only) on Punjab & Sind Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures – Across Banks’ read with ‘Central Repository of lnformation on Large Credits (CRlLC) – Revision in Reporting’ and ‘Financial Inclusion – Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

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

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

    1. The bank did not report certain borrowers with non-fund based exposure of ₹5 crore and above to CRILC; and

    2. The bank allowed certain BSBDA holders to open Savings Bank Deposit Accounts.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2469

    MIL OSI Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on KLM Axiva Finvest Limited

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹10 lakh (Rupees Ten Lakh only) on KLM Axiva Finvest Limited (the company) for non-compliance with requirements relating to ‘Declaration of dividends’ contained in the RBI directions on ‘Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

    The correspondence pertaining to the intimation of declaration of an interim dividend revealed, inter alia, non-compliance with RBI directions. Based on the same, 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 and oral submissions made during the personal hearing, RBI found that the following charge against the company was sustained, warranting imposition of monetary penalty.

    The company declared a dividend for the financial year 2023-24, despite not meeting the minimum prudential requirements in each of the last three financial years.

    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: 2024-2025/2467

    MIL OSI Economics