Category: Economy

  • MIL-OSI Asia-Pac: EPFO Adds 16.05 Lakh Net Members during December 2024

    Source: Government of India (2)

    EPFO Adds 16.05 Lakh Net Members during December 2024

    8.47 Lakh New Members Enrolled

    Posted On: 25 FEB 2025 4:58PM by PIB Delhi

    The Employees’ Provident Fund Organization (EPFO) has released provisional payroll data for December 2024, revealing a net addition of 16.05 lakh members. An increase of 9.69% has been registered in net payroll addition during the current month as compared to the previous month of November 2024.

    Further, the year-on-year analysis reveals a growth of 2.74% in net payroll additions compared to December 2023, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.

    EPFO enrolled around 8.47 lakh new subscribers in December 2024. The new subscribers’ addition shows

    year on year growth of 0.73% from the previous year in December 2023. This surge in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s successful outreach programs.

    A noticeable aspect of the data is the dominance of the 18-25 age group, 4.85 lakh new subscribers added in the 18-25 age group, constituting a significant 57.29% of the total new subscribers added in December 2024. New subscribers in the 18-25 age group added in the month shows an increase of 0.91% compared with the previous month of November 2024 and a growth of 0.92% from the previous year in December 2023.

    Further, the net payroll addition for the age group 18-25 for December 2024 is approximately 6.85 lakh reflecting an increase of 16.91% compared to the previous month of November 2024. This is in consonance with the earlier trend which indicates that most individuals joining the organized workforce are youth, primarily first-time job seekers.

    The payroll data highlights that approximately 15.12 lakh members exited and subsequently rejoined EPFO. This figure represents a 5.10% increase compared to the previous month of November 2024. It also depicts a significant year-over-year growth of 25.76% compared to December 2023. These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus safeguarding long-term financial well-being and extending their social security protection.

    Gender-wise analysis of payroll data unveils that out of the total new subscribers added during the month, around 2.22 lakhs are new female subscribers. This figure exhibits significant year-over-year growth of 6.34% compared to December 2023. Also, the net female payroll addition during the month stood at around

    3.03 lakh reflecting a year over year growth of 4.77% compared to December 2023. The increase in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce

    State-wise analysis of payroll data denotes that the top five states/ UTs constitute around 59.84% of net payroll addition, adding a total around 9.60 lakh net payroll during the month. Of all the states, Maharashtra is leading by adding 21.71% of net payroll during the month. The states/UTs of Maharashtra, Karnataka, Gujarat, Haryana, Delhi, Tamil Nadu, Uttar Pradesh and Telangana individually added more than 5% of the total net payroll during the month.

    Industry-wise Trends:

    Month-on-month comparison of industry-wise data displays significant growth in the net payroll addition working in establishments engaged in the industries viz.

    1. EXPERT SERVICES,
    2. BUILDING AND CONSTRUCTION INDUSTRY,
    3. OTHERS,
    4. TRADING – COMMERCIAL ESTABLISHMENTS,
    5. FINANCING ESTABLISHMENT.

    Of the total net payroll addition, around 41.23% addition is from expert services (consisting of manpower suppliers, normal contractors, security services, miscellaneous activities etc.).

    The above payroll data is provisional since data generation is a continuous exercise, as updating employee record is a continuous process. The previous data gets updated every month on account of:

    1. ECRs being filed for previous months after generation of payroll report.
    2. ECRs filed earlier being modified after generation of payroll reports.
    3. Date of exit from EPF membership for previous months being updated after generation of payroll report.

    From the month of April 2018, EPFO has been releasing payroll data covering the period September 2017 onwards. In monthly payroll data, the count of members joining EPFO for the first time through Aadhaar validated Universal Account Number (UAN), existing members exiting from coverage of EPFO and those who exited but re-joined as members, is taken to arrive at net monthly payroll.

    *****

    Himanshu Pathak

    (Release ID: 2106143) Visitor Counter : 57

    MIL OSI Asia Pacific News

  • MIL-OSI: Defense Trade Solutions Simplifies Export Compliance with Descartes Solution

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 25, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Defense Trade Solutions (DTS), a leading provider of export compliance and global trade services for the defense industry, is using the Descartes GlobalEASE solution to streamline and automate export compliance requirements for its clients. This furthers DTS’ mission to simplify and enable access to responsible and effective trade across the defense industry. DTS is using Descartes GlobalEASE with its managed services clients, helping them to realize reduced compliance costs and greater confidence in meeting global regulatory requirements, such as International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR).

    “This marks a major step forward in our commitment to streamlining export compliance for the U.S. defense industry,” said Steven A. Casazza, President of DTS. “By integrating Descartes GlobalEASE into our managed service delivery model, we are providing defense contractors with cutting-edge automation to navigate the complexities of ITAR and EAR with greater speed and accuracy. This technology enhances compliance workflows, accelerates export approvals, and helps minimize risk—so that our clients can focus on delivering critical defense solutions to U.S. allies without delays.”

    Used by blue-chip, multinational organizations around the world to stay current in an increasingly complex regulatory environment, Descartes GlobalEASE is a web-based, centralized global trade management platform that helps manage end-to-end trade compliance—from complex licensing and documentation requirements to OFAC and EAR regulations—and provides the necessary visibility and governance to help mitigate risk and avoid penalties while powering critical business decisions with real-time information.

    “We’re pleased our solution is helping DTS support the unique needs of the defense industry and set a new standard for efficiency and accountability in its export compliance operations,” said Brian Hodgson, General Manager, Trade Compliance at Descartes. “With the potential for increased tariffs and trade barriers, rapidly shifting regulatory policies, and ongoing geopolitical instability making it more difficult to move and source goods, Descartes’ global trade intelligence solutions help organizations better navigate today’s complex trade landscape.”

    About Defense Trade Solutions

    Defense Trade Solutions (DTS) is a leading provider of export compliance, global trade authorizations, security cooperation and technology security & foreign disclosure solutions for the defense industry. With a focus on Foreign Military Sales (FMS), Direct Commercial Sales (DCS), and U.S. Government contracts, DTS helps clients achieve their strategic objectives while maintaining the highest standards of integrity and accountability. For more information, visit www.defense-trade.com or connect with us on LinkedIn.

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

    Global Media Contact
    Cara Strohack                                                                     
    cstrohack@descartes.com  

    Cautionary Statement Regarding Forward-Looking Statements

    This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ global trade intelligence solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    The MIL Network

  • MIL-OSI China: Silver economy boosts cultural, elderly tourism development

    Source: People’s Republic of China – State Council News

    HEFEI, Feb. 25 — Wu Zenghe, who has been in the bed-and-breakfast (B&B) business for over a decade, feels that the enthusiasm for cultural travel consumption among China’s elderly has been constantly rising in recent years.

    His B&B, especially designed for the elderly and located in the Huizhou ancient town, a popular tourist destination in Shexian County, east China’s Anhui Province, has only been operating for a year but has already attracted groups of silver-haired visitors from first-tier cities.

    As one of the first batch of B&Bs to combine local history, beautiful scenery and traditional Chinese medicine (TCM) in the county, Wu’s B&B regularly invites doctors to provide health management services, including the likes of medical lectures and TCM physiotherapy, while also providing tourism services tailored to suit the elderly, such as slow-paced travel plans.

    “Travel for health is about to see an influx of those born in the 1960s and 1970s, who have the ability and willingness to spend on health management and better tourism experiences,” he said.

    The silver economy is providing huge consumption energy in the cultural tourism market. Statistics from the China Tourism Academy showed that the number of tourist trips made by those aged 60 and above had reached 1.16 billion in 2023 — accounting for 20.6 percent of China’s total domestic tourists. It is estimated that by 2028, the value of the silver-haired tourism market will reach about 2.7 trillion yuan (roughly 376 billion U.S. dollars), revealing strong growth momentum.

    Earlier this month, nine Chinese government agencies and state-owned enterprises, including the Ministry of Commerce and the Ministry of Culture and Tourism, unveiled an action plan to expand and improve senior-friendly tourism train services, in the latest bid to create more inclusive and enjoyable travel experiences for the elderly.

    It plans to create a nationwide network of specialized trains catering to older travelers by 2027 — featuring over 100 designed routes and 2,500 scheduled trips annually.

    According to a blue paper on China’s silver economy, the sector is currently valued at 7 trillion yuan, with tourism being a key growth area.

    Elderly adults in China had amassed wealth totaling 78.4 trillion yuan by 2023, according to the China National Committee on Ageing. The value of the silver economy is projected to reach 30 trillion yuan by 2035.

    The growing market size of the silver-haired group has also promoted upgrading of the accommodation industry. For example, hotels in many places in China have launched innovations such as silent floors and non-slip bathrooms.

    According to H World Group, one of China’s largest hotel operators, rooms that are equipped with elderly-friendly facilities proved popular last year — with an occupancy rate of more than 90 percent in 2024.

    “China’s rural areas offer good scenery and environments, and these benefits are now coupled with improving accommodation conditions as well as medical services. We both feel very comfortable in body and mind,” said Sun Tian, a tourist from Shanghai, adding that he and his wife meet up with old friends for a stay in a health resort in the Yangtze River Delta region for a period each year, while they often shop online for agricultural products from the health resort area after returning to Shanghai.

    MIL OSI China News

  • MIL-OSI Video: DEADLINES APPROACHING – DON’T MISS OUT ON AID!

    Source: United States of America – Federal Government Departments (video statements)

    If you were affected by the wildfires, there are a few deadlines you’ll want to keep in mind.

    If you haven’t registered for FEMA assistance yet, there’s still time! The deadline to apply is March 10th. FEMA grants can help repair your home, property, and even your vehicle. Rental assistance is also available for up to 18 months.

    If you need additional financial help, the Small Business Administration – or SBA, is offering low-interest loans to homeowners, renters, businesses, and non-profits. They’ve already approved more than one billion dollars in loans. Applications are open through March 10th.

    The American Red Cross is also offering assistance to wildfire survivors. Their application deadline is February 26th.

    And the Army Corps of Engineers is ready to clear ash and debris from your property. But first, they need your permission. That’s where your Right of Entry form comes in. Get that document submitted by March 31st at recovery.LACounty.gov. Don’t wait—take action today!

    https://www.youtube.com/watch?v=MoDtsLzmA7M

    MIL OSI Video

  • MIL-OSI United Kingdom: Environment Secretary Steve Reed – NFU Conference speech

    Source: United Kingdom – Government Statements

    Speech

    Environment Secretary Steve Reed – NFU Conference speech

    Speech by Environment Secretary Steve Reed at the NFU Conference

    Thank you very much Tom for inviting me to speak today.  

    I’ve been to the NFU Conference before of course – but this is my first time attending as the Secretary of State for Defra. I want to personally thank Tom for our work together since I took up this role last July.  

    You were the first visitor to my office after the election and you’ve been back more since then than anyone else since. That conversation between us is invaluable as we navigate the farming transition together. 

    And I’m grateful for your views Tom – even where we’ve disagreed.  

    You set that out in your speech and I was listening to it, plain speaking as you always do. And I know it’s reflected here today, and the protests in Westminster and around the country. But even if the conversation gets difficult – I will always show up to have it. Because I respect this union and I respect British farming.

    Now, I can’t give the answer I know many of you want on inheritance tax. But I want you to know that I understand the strength of feeling in the room and in the sector, we can see and example of that right in front of me right now. And I am sorry it’s a decision that we’ve had to take.   

    Like I said I am always going to turn up to have the conversation with you, there’s an opportunity to ask questions afterwards and it might be better to ask them in that way because I have an awful lot that I think will be of interest to other people who are here in the room today that might want to hear what I have to say about that.

    Now I’ve heard many farmers describing that decision as ‘the final straw’ – and the truth is those straws have been piling up for many years. Tom you were outlining many of them in your speech.

    This sector is facing high input costs, tight margins, and unfairness in the supply chain. You’ve struggled to get enough workers to pick your fruit and veg. Frankly, you’ve been sold out in past trade deals. Farmland is increasingly at risk from severe flooding and drought.  

    And this all comes as we face the biggest transition for farming in generations, moving away from the Basic Payment Scheme to more sustainable methods of farming. 

    The underlying problem in this sector is that farmers do not make enough money for the hard work and commitment that they put in.   

    I will consider my time as Secretary of State a failure if I do not improve profitability for farmers up and down this country. 

    Today I can announce I will set up a new farming profitability unit within the department to drive that goal. I want to outline what the Government is doing to tackle the deep-rooted problems holding the sector back. Because time and again, I hear farmers say that they do not make a fair profit for the food they produce. And it is only by overcoming these long-standing challenges that we can create the conditions for your farming businesses to succeed. Achieving this starts by treating farms as the businesses they are. That’s something, in my view, the previous government forgot.  

    Farmers have repeatedly told me they want to stand on their own two feet. They are proud people and rightly so. But it is paternalistic and patronising for government to treat farmers as if they are not operating in a marketplace in which they need to turn a decent profit. 

    I worked in business for 16 years, with responsibility every year for driving up profit and driving down cost. British farming has some of the hardest working, most creative people anywhere in the British workforce. But a sector that isn’t profitable doesn’t have a future. I know that from my own long experience in business.   

    My focus is on ensuring farming becomes more profitable – because that is the best way to make your businesses viable for the future. And that’s how we ensure the long-term food security this country needs.   

    This approach will underpin our 25 Year Farming Roadmap and our Food Strategy, where we will work in partnership with farmers to make farming and food production sustainable and profitable. We will work with farmers and stakeholders to build the roadmap together, covering every part of the sector, and the first workshops will start next week. 

    The roadmap stands on three principles. 

    First, a sector that has food production at its core. The role of farming will always be to produce the food that feeds our nation. The instability we see across the world shows us why it’s so important we help farmers to get this right.  

    Second, a sector where farm businesses are more resilient in withstanding the shocks that periodically disrupt farming – severe flooding, drought, animal disease. We will help farmers who want to diversify their income to put more money into their business so they can survive these more difficult times when they come.   

    Third, a sector that recognises restoring nature is not in competition with sustainable food production, but is essential to it. 

    It is only by pursuing all three of these principles – and recognising that farms are businesses that need to be profitable, that we can guarantee national food security and a thriving food production and farming sector.  

    Our New Deal for Farmers is supporting farmers to produce food sustainably and profitably.  

    It won’t all happen overnight, but we are already making changes. 

    Tom has repeatedly told me farmers need certainty about seasonal workers. I’ve listened Tom, and I’m pleased to announce that we’re extending the Seasonal Worker visas for five years. That on it’s own is not the long-term solution. We will reduce the number of seasonal workers coming to the UK in the future.  

    But I recognise your business needs stability over the coming years as we work at pace to embrace innovation, develop the agri-tech and invest in farming practices so you can reduce your reliance on seasonal workers as quickly as possible. 

    We are making the Supply Chain fairer, with new regulations for the pig sector coming in by the end of next month in March to make sure contracts clearly set out expectations and only allow changes if they’ve agreed by all parties. We are engaging with industry on similar proposals for eggs and fresh produce. 

    For the first time ever, we are measuring where the public sector buys food from so we can use the Government’s own purchasing power to back British produce wherever we can. I have worked with my colleague Pat McFadden in the Cabinet Office to create new requirements for government catering contracts to favour high-quality, high-welfare products that British producers are well placed to meet.  

    This means British farmers and producers can compete for a fairer share of the £5 billion pounds a year the public sector spends on food. That’s money straight into farmers’ bank accounts to boost turnover and boost profits.  

    Ours is an outward-facing trading nation. But I want to be clear, we will never lower our food standards in trade agreements. We will promote robust standards nationally and internationally and will always consider whether overseas produce has an unfair advantage. British farming deserves a level playing field where you can compete and win and that is what you’ll get. We will use the full range of powers at our disposal to protect our most sensitive sectors. 

    Innovation and technology will help farmers produce more food more sustainably and more profitably. I’m delighted to announce the legislation to implement the Precision Breeding Act for plants in England has been laid in Parliament today. This offers huge potential to transform the plant breeding sector in England by enabling innovative products to be commercialised in years instead of in decades, and we are reinstating the Precision Breeding Industry Working Group so the whole food supply chain can work together to bring new food and feed products to market faster. 

    We are investing in the UK Agri-Technology sector with a further £110 million pounds in farming grants being announced today. In Spring we will launch new competitions under our Farming Innovation Programme for groundbreaking research that will help the sector transition towards net zero, and unlock opportunities from the Precision Breeding Act.  

    This is not just for the biggest farms. We will help farms of any size access technology that makes a real difference to the bottom-line over the years ahead. Like the chemical-free cleaning for integrated milking equipment by Oxi-Tech – funded through FIP, which boosts profits by lowering energy costs and chemical use. Our new ADOPT programme will fund farmer-led trials that bridge the gap between these new technologies and their use in the real world,  showing farmers that their investments in technology will deliver financial returns and boost profits. And once technologies and equipment hit the market, we are making them available through the Farming Equipment and Technology Fund. Products like the electric weeder developed by Rootwave to reduce chemical use. We will launch another opportunity this Spring to bring more products to the farmgate. 

    Farms must be resilient to future challenges if they are to remain financially viable and strengthen food security. That includes severe flooding and droughts through to animal disease, and geopolitical tensions that increase demands on our land for energy generation. 

    I know new tech doesn’t bring the same benefits for every type of farm. We are investing to help farm businesses build resilience against animal diseases that can devastate livelihoods and threaten our entire economy. Like the Bluetongue Virus, Avian Flu, or the recent case of Foot and Mouth that we saw in Germany. 

    That’s why we’re investing £208 million pounds to set up a new National Biosecurity Centre, modernising the Animal and Plant Health Agency facilities at Weybridge, to protect farmers, food producers and exporters from disease outbreaks that can wipe out businesses in a moment. 

    We are helping keepers of cattle, sheep and pigs in England improve the health, welfare and productivity of their animals by expanding the fully funded farm visits offer. 

    Tom had raised with me, and he just did in his speech, the risk from illegal meat imports. More than 92,000 thousand kilograms of illegal meat products were seized at ports across the UK over the last year. They carry huge risk of diseases such as African Swine Fever and Foot and Mouth getting into the country. We can’t tolerate this.   

    I am working with the Home Office and Border Force on plans to seize the cars, vans, trucks and coaches used by criminal gangs to smuggle illegal meat into our country and crush them so they can’t be used again.   

    I’ve listened to your concerns about other forms of crime as well. Crime damages farm profitability as you are forced to wait for farm or construction machinery to be replaced, or clear rubbish that has been dumped in your gateways or on your land. The National Rural Crime Unit is already supporting forces to tackle rural crime around the country.   

    To strengthen our approach and protect your profits, the Home Secretary Yvette Cooper will lay the legislation this year to better protect agricultural equipment like all-terrain vehicles, by requiring immobilisers and forensic marking as standard.  

    At the Oxford Farming Conference earlier this year, I announced new ways to help farmers remain profitable and viable, even in a challenging harvest. We will consult on national planning reforms this Spring to make it quicker for farmers to build new buildings, barns and other infrastructure to boost food production.  And ensure permitted development rights work for farms to convert larger barns into a farm shop, holiday let, or a sports facility if that suits their business planning. We will get red tape out of the way so you can invest to become more profitable.   

    I’m working with Ed Miliband and the Department for Energy Security and Net Zero so more farm businesses can connect their own electricity generation to the grid much faster, so you can sell surplus energy and diversify your income.   

    The third element of our vision is nature. Restoring nature is vital to food production, not in competition with it. It is healthy soils, abundant pollinators and clean water that are the foundations farm businesses that they rely on to produce high crop yields and turn over a profit. Without nature thriving, there can be no long-term food security. 

    I want to thank everyone – upland, tenant, grassland farmers and others – everyone who is involved in our farming schemes. Almost 50 thousand farm businesses are now in schemes and around half of farmed land in England is being managed to enhance nature while producing food. 

    I recognise the frustration when we had to pause the Capital Grants offer last year without proper warning because of unprecedented demand. I promised to update you as soon as I could. And I can confirm today that every application submitted for capital grants before the pause in November will be taken forward, and following this, we will reopen the ELM capital grants offer this summer. 

    I’m also pleased to announce that we’re investing £30 million pounds to increase payment rates in Higher Level Stewardship with immediate effect to bring them more closely in line with our other farming schemes. Something the NFU and others have long called for. You just called for it again, Tom. These farmers are the pioneers of nature-friendly farming, often based in upland areas. They deliver high-quality environmental outcomes; now, finally, they will get a fair price for their work.  

    There’s a lot to be done to make British farming profitable and viable for the long term. I know we can only get there if we build the future together.   

    We will work with Tom, the NFU and farmers around the country to support farmers to keep producing the food we love to eat. This requires a new approach that recognises farms are businesses, and businesses need to turn a fair profit.  

    I’ll play my part in creating the conditions for that to happen. I know you’ll play your part in building resilient businesses that will innovate and succeed. Together, we will overcome the challenges this sector faces and give British farming the bright future this country knows you deserve.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Charles University Prague builds partnerships with 6 UK universities

    Source: United Kingdom – Government Statements

    World news story

    Charles University Prague builds partnerships with 6 UK universities

    A delegation from Charles University visited the UK to build strategic partnerships with 6 UK universities. It creates collaborative research and development opportunities.

    The delegation from Charles University at Imperial College London.

    Charles University is the oldest university in central Europe (established in 1348) with 17 Faculties and 50,000 students including more than 10,000 from abroad. It has 8,600 staff, 3,900+ are academics. The university is the best (world TOP150) in the following 5 subjects:

    • anatomy and physiology
    • economics
    • geography
    • linguistics
    • political science and international studies

    Charles University currently has bilateral agreements with 58 British universities. About 95 British students come to study in Prague every year.

    Between 27 and 31 March 2023, 18 delegates from Charles University led by the first ever female Rector Milena Králíčková and her 2 Vice-Rectors (Jan Kuklík and Ladislav Krištoufek) travelled round the UK to enhance strategic partnerships with 6 respected British universities:

    • London School of Hygiene and Tropical Medicine (LSHTM)
    • Imperial College London
    • University College London
    • Cardiff University
    • University of St. Andrews
    • University of Edinburgh

    They were met by Vice-Chancellors or their deputies and large delegations of their counterparts.

    Prague UK Science and Innovation Network supported the idea of the mission from its beginning, contributed to the organisation of the mission and accompanied the Rector and Vice-Rectors to their key meetings.

    There were also many side meetings directly between faculty members and researchers in various sectors from pedagogy to biomedical and sport sciences. Overall, more than 20 meetings took place during the week and over 40 British leaders and researchers participated.

    Impact

    The mission itself is a great success on its own right. It highlights that the UK is a partner of choice for science and research at Charles University and a quality of British Higher Education is well recognized. The rector prioritized the UK for her first longer foreign visit and showed how important British networks for Charles University are.

    There was a huge interest to join from faculty members (Deans and Vice-Deans) and a formerly planned 5 people team turned to a large group of 18 delegates. The mission was self-funded by Charles University with no HMG financial support, showing high commitment to the collaboration.

    In all meetings, a part of the discussions focused on students and teachers’ mobility, celebrating already existing exchanges, for example, a cooperation between Charles University with Realistic graphics and Imaging Group at Imperial College London and Parasitology at LSHTM. New annual exchanges of 5 law students with Cardiff University have been agreed.

    Discussions also focused on research – matching strengths of institutions and finding ideal areas for collaboration. One early success of the visit was a Horizon Europe Teaming bid worth €1 million, submitted by the Faculty of Arts of Charles University together with the University College London and KTH Leuven to Brussels. The bid has not received funding, but the research teams of universities continue cooperating.

    Policy discussions focused on research security and exchanges of best practice between Charles University and British institutions. A common approach to privacy, research integrity and ethics is needed. Sustainability of Universities and Net-Zero pledges as well as energy security and high-inflation were also on minds of university leaders in both countries.

    The Rector of Charles University established a “strategic partnership seed fund” for Charles University staff to facilitate collaborations between staff from Charles University and their British counterparts that have a strong potential to establish mutually beneficial educational and research connections and make a valuable contribution to the international advancement of both universities.

    Expected outputs from this seed fund are mobility, teaching opportunities, joint publications, workshops and grant applications. An average of £5,000 is planned for one project with an estimated annual limit of 6 new collaborative opportunities between Charles University and 6 UK counterparts every year!

    SIN Officer Contact: otakar.fojt@fcdo.gov.uk

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Africa: Secretary-General’s message to the Resumed opening session of COP16 on Biodiversity

    Source: United Nations – English

    he foundations of life are unraveling. Biodiversity is on the brink. But we have agreed how to turn the tide: the Kunming-Montreal Global Biodiversity Framework is a plan to rescue humanity from a crisis of our own making.

    Last year in Cali, you took important strides towards making that Framework a reality – I congratulate you for those achievements. But there is still much work to be done to ensure it can be implemented in full. With the world approaching dangerous tipping points, it is imperative that you reach agreement here in Rome on how biodiversity finance commitments will be honoured, and how progress towards implementing the Framework will be monitored. Success requires accountability. And action demands finance.

    I urge all Parties to recognize that no one wins if talks fail. No country is immune to this crisis, nor can they address it on their own. We share nature and we depend on nature. Multilateralism is our only hope. So, I call on all parties to do all they can to find common ground, and seek solutions.

    Nature cannot wait.

    MIL OSI Africa

  • MIL-OSI Europe: Briefing – China’s increasing presence in Latin America: Implications for the European Union – 25-02-2025

    Source: European Parliament

    Within just two decades, China has transformed from an insignificant player to a dominant force in Latin America, alongside the United States (US) and the European Union (EU). Predictions suggest that by 2035, China may even overtake the US as Latin America’s most important trading partner. China has been South America’s top trading partner for quite some time. The region holds strategic importance for the future of the global economy due to its abundance of resources and critical raw materials, such as lithium and copper. In parallel to maintaining economic ties with Latin America and the Caribbean (LAC), China is also enhancing its political relationship with the region, primarily through the China-Community of Latin American and Caribbean States (CELAC) forum. In 2018, China extended its vast global infrastructure development strategy – the Belt and Road Initiative – to Latin America. A recent example of Chinese strategic investment in the region is the Chancay megaport in Peru, which could be a game changer in Latin American logistics, as it will reroute trade between Latin America and Asia, bypassing the Atlantic and the Panama Canal. Recent actions by the Trump administration aimed at countering China’s influence in LAC may inadvertently strengthen China’s position in the region even further, as was seen during the first Trump administration. For the EU, which is in urgent need of a diversified supply of critical raw materials to navigate the clean and digital transition of its economy, the LAC region is now more strategically important than ever. The EU’s envisaged partnership agreement with Mercosur, the South American trading block, will test the EU’s commitment to deepening its partnership with Latin America through the conclusion of this agreement. The European Parliament is expected to vote on the proposed agreement during its current legislative term.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: The First Minister’s challenge to Anas Sarwar on the eve of the Budget

    Source: Scottish National Party

    Dear Anas,

    I welcome the response from the Prime Minister to my call last week for the UK Government to provide support for Grangemouth.

    I know you share my concern that the decision to close the Grangemouth refinery is premature and fundamentally short sighted and the UK Government’s commitment to additional investment is a step in the right direction. We all have a responsibility to work collaboratively to secure Grangemouth’s long-term future, its workforce and Scotland’s transition to net zero.

    My announcement last week that the Scottish Government will make a further £25 million available to enable businesses to bring forward investable propositions for Grangemouth, will be put to Parliament as an amendment at Stage 3 of the Budget Bill tomorrow. This funding will be made immediately available from the beginning of the next financial year without requiring match-funding. I hope that when the UK Government provide more details on the announced £200 million being available through the National Wealth Fund that this will also be available for timely deployment on a similar basis as the funding I have set out and that these funds align to best support a just transition for Grangemouth.

    In that spirit of cooperation, I trust that you and Scottish Labour colleagues will now be in a position to vote for the Budget at Stage 3 tomorrow and work constructively to deliver the nearly £90 million investment for Grangemouth, supporting the jobs, livelihoods and businesses which depend on it.

    Yours sincerely,

    John Swinney

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: 13 community initiatives benefit from £1.9 million investment

    Source: City of Winchester

    Communities across the district reaped the benefits of a £1.9 million investment last year as 13 projects funded through Winchester City Council’s Community Infrastructure Levy (CIL) reached fruition.

    The district CIL, raised from levies on new developments across the wider Winchester area and administered by the city council, helps fund local initiatives that contribute to communities and improve the lives of residents.

    Among the projects realised last year was a new solar panel array on Jubilee Hall in Bishop’s Waltham, which completed in September.

    Bishop’s Waltham Parish Council received £40,000 from the city council for the project which involved the installation of over 100 new solar panels at the hall.  This is now helping reduce the parish council’s carbon emissions and lowering the running costs of the building.

    With help from CIL, as well as other funding sources, the Parish Council has been working to make its operations more sustainable. A spokesperson from Bishop’s Waltham Parish Council said:

    Bishop’s Waltham Parish Council would like to thank Winchester City Council for providing two thirds of the funding for the installation of Solar Panels to the roof of The Jubilee Hall. The remaining funds came from Community Infrastructure Levy (CIL) neighbourhood funds. 

    Bishop’s Waltham Parish Council have also been successful in obtaining further funding from an SSEN Grant for additional solar battery storage. We are already seeing a reduction of our energy costs, and this is a significant milestone in the Council’s work towards decarbonisation of the Jubilee Hall.”

    Another project, at Wickham Community Centre, received £30,000 towards installation of new access doors and flooring, helping visitors to access the centre. Speaking about the difference the funding had made, a centre spokesperson said:

    “Wickham Community Centre, at over 30 years old, was showing signs of its age. The single-glazed front doors resulted in significant drafts, making the foyer cold and uncomfortable during winter, and driving up our utility bills. Additionally, the Long Room’s appearance had deteriorated to the point where it was no longer suitable for showcasing. The floor was in poor condition, and the ceiling’s soundproofing looked unsightly. 

    “We applied for CIL funding from Winchester City Council to undertake several refurbishment projects, including new front doors and a complete refurbishment of the Long Room. These were improvements we couldn’t have financed independently, and we are extremely grateful for the funding. The new doors look fantastic and have made the centre more accessible, while also eliminating the drafts.

    “The Long Room refurbishment has had a transformative effect. Long-term users, such as the Wickham Rifle Club, who have been with us since the centre opened 34 years ago, are particularly pleased. The new look has also attracted new hirers, boosting our trading income.”

    Winchester’s Cabinet Member for Place and the Local Plan, Cllr Jackie Porter, said:

    “CIL funding is a huge benefit to the Winchester district’s communities and I’m enormously proud that we’ve been able to provide a boost for a variety of initiatives that will help make improve our residents’ lives and make our local communities more sustainable.”

    “It is exciting to local initiatives come to fruition for our growing communities across the whole breadth of the district, from Wickham to Alresford, using CIL funding.”

    Other projects that received support from the district CIL fund during 2024 included new play equipment at Eversley Park (£12,000), toilet refurbishments at Otterbourne Village Hall (£12,850) and works to upgrade allotments in New Alresford (£25,000).

    Funding was also put towards council-led projects, including £300,000 towards a new 3G pitch for Winchester Football Club and £1,250,000 spent on the new Pavilion at King George V Playing Fields.

    The City Council also recently published a funding statement that details funding allocations for the 2023/ 2024 financial year.

    The statement can be viewed on the City Council’s website at www.winchester.gov.uk/CIL-spending

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Secretary-General’s message to the Resumed opening session of COP16 on Biodiversity

    Source: United Nations

    The foundations of life are unraveling. Biodiversity is on the brink. But we have agreed how to turn the tide: the Kunming-Montreal Global Biodiversity Framework is a plan to rescue humanity from a crisis of our own making.

    Last year in Cali, you took important strides towards making that Framework a reality – I congratulate you for those achievements. But there is still much work to be done to ensure it can be implemented in full. With the world approaching dangerous tipping points, it is imperative that you reach agreement here in Rome on how biodiversity finance commitments will be honoured, and how progress towards implementing the Framework will be monitored. Success requires accountability. And action demands finance.

    I urge all Parties to recognize that no one wins if talks fail. No country is immune to this crisis, nor can they address it on their own. We share nature and we depend on nature. Multilateralism is our only hope. So, I call on all parties to do all they can to find common ground, and seek solutions.

    Nature cannot wait.

    MIL OSI United Nations News

  • MIL-OSI: Stable versus Struggling: Canada’s Financial Divide Widens

    Source: GlobeNewswire (MIL-OSI)

    – Mortgage Delinquencies Rising in Ontario Amidst Rising Consumer Debt –

    Equifax Canada Market Pulse Quarterly Consumer Credit Trends Report

    TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) — A growing financial divide is emerging across Canada, with some borrowers benefiting from lower interest rates while others struggle under mounting debt. According to Equifax Canada’s Q4 2024 Market Pulse Consumer Credit Trends Report, some Ontario mortgage holders are experiencing severe financial distress, with delinquencies more than 50 per cent higher than pre-pandemic levels.

    Total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6 per cent increase over 2023. Non-bank auto loans drove much of this increase, rising 11.7 per cent year-over-year, while the average non-mortgage debt per consumer reached $21,931, exceeding pre-pandemic levels.

    “While some consumers are doing better and seeing financial improvements from lower interest rates, financial pressures have intensified for some Canadians, as well as mortgage holders in certain regions, in particular in Ontario and British Columbia,” said Rebecca Oakes, Vice President of Advanced Analytics at Equifax Canada. “At first glance, the numbers are not concerning, but when we look deeper at a more granular level, many are feeling the strain of high living costs and mortgage renewals with higher payments, while other consumers are doing better and seeing financial improvements from lower interest rates and income growth.”

    For some homeowners, rate cuts have provided some relief. Some borrowers with home equity lines of credit have seen delinquency rates stabilize. Many of these consumers have improved their credit card repayment habits, with more people paying off balances in full.

    Ontario Mortgage Holders Under Pressure and Missing Payments
    More than 11,000 mortgages in Ontario recorded a missed payment in Q4 2024 — nearly three times the number seen in 2022. Mortgage holders who are falling behind in their payments are also carrying substantially higher mortgage balances, reflecting the continued financial strain of higher than pre-pandemic interest rates. The 90+ day mortgage balance delinquency rate in Ontario surged 90.2 per cent year-over-year to 0.22%, far outpacing the change in delinquency rates in other provinces, with BC at 37.7 per cent, Alberta at -3.6 per cent, Quebec at 41.2 per cent, the Prairies (MB and SK) at 0.6 per cent, and the Atlantic provinces (NL, PE, NB, NS) at 15.7 per cent.

    Ontarian mortgage holders are struggling with other forms of debt as well. The 90+ day non-mortgage balance delinquency rate jumped 46.1 per cent from Q4 2023, while other provinces saw smaller rate jumps, with BC at 21.6 per cent, Quebec at 23.3 per cent, Alberta at 6.1 per cent, the Prairies (MB and SK) at 4.1 per cent, and the Atlantic provinces (NL, PE, NB, NS) at 1.5 per cent. In addition, Ontario’s overall rise in non-mortgage delinquency rate was 23.9 per cent, above the national average of 18 per cent.

    “Mortgage holders will typically do everything they can to keep up with payments,” Oakes explained. “The fact that we’re seeing missed payments rise so sharply suggests deeper financial strain. Depending on the type of credit, missed payments have increased from 10 to 80 per cent, compared to pre-pandemic levels.”

    In Toronto, 90+ day non mortgage delinquency rates hit 2.06 per cent, higher than most major cities, reflecting the region’s unique financial challenges.

    Canadian Housing Market: Rebound Tempered by Renewal Challenges

    The overall Canadian mortgage market showed signs of recovery, with new mortgage originations rising 39 per cent year-over-year. First-time homebuyers returned, with a 28.2 per cent increase from the extreme lows of purchases in Q4 2023. Although the average loan amount for first-time buyers remains 6.6 per cent higher than Q4 2023, monthly payments have decreased 7.9 per cent, or $200 lower, to an average loan amount of $2,330.

    Mortgage renewals and refinancing accounted for over 50 per cent of new mortgage originations in Q4 2024, increasing 10.6 per cent from 2023. The average loan amount and balance on mortgage renewals in 2024 surpassed those in 2023 and 2022, with the average balance increasing by 2.9 per cent in 2024 compared to 2023.

    Many consumers renewing their mortgage continue to have higher monthly payments due to elevated interest rates compared to pre-pandemic and pandemic levels, when they last locked in their low rates. This reality is expected to affect around a million mortgages due for renewal in 2025, originating from the low-interest-rate environment of 2020. These borrowers may face significantly higher payments despite recent rate reductions. A quarter of mortgage-holders saw their monthly mortgage payment increase by over $150 at renewal in Q4 2024.

    Consumer Spending and Credit Behaviour

    Credit card debt climbed 7.8 per cent in Q4 2024, though at the slowest rate since 2022. Seasonal spending in December hit a two-year high, with average credit card purchases adjusted for inflation reaching $2,228 per cardholder, a 2.2 per cent increase from 2023.

    Younger and lower income Canadians are experiencing missed payments on credit cards, auto loans, and lines of credit, signaling financial strain among these groups.

    “Despite recent rate cuts and GST tax relief, challenges persist for certain consumers, particularly in consumer debt and housing. The added uncertainty of U.S. tariffs underscores the need for a balanced approach to debt, affordability, and trade. The coming year will be critical for Canada’s economic stability,” said Oakes.

    Age Group Analysis – Debt & Delinquency Rates (excluding mortgages)

      Average
    Debt
    (Q4 2024)
    Average Debt Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    Delinquency Rate ($)
    (Q4 2024)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    18-25 $8,483 3.84% 1.92% 15.17%
    26-35 $17,467 0.87% 2.24% 21.24%
    36-45 $27,042 1.96% 1.85% 23.20%
    46-55 $34,564 3.71% 1.33% 19.04%
    56-65 $28,714 5.53% 1.11% 14.26%
    65+ $14,635 3.82% 1.11% 5.55%
    Canada $21,931 2.98% 1.53% 17.98%


    Major City Analysis
    – Debt & Delinquency Rates (excluding mortgages)

    City Average
    Debt
    (Q4 2024)
    Average Debt Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    Delinquency Rate ($)
    (Q4 2024)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    Calgary $24,078 0.81% 1.67% 16.23%
    Edmonton $23,665 -0.22% 2.17% 19.00%
    Halifax $21,278 1.46% 1.53% 21.37%
    Montreal $17,057 3.16% 1.43% 20.48%
    Ottawa $19,634 1.75% 1.47% 24.45%
    Toronto $21,054 3.34% 2.06% 23.75%
    Vancouver $23,251 4.12% 1.24% 15.81%
    St. John’s $23,968 1.02% 1.47% 3.62%
    Fort McMurray $37,861 0.26% 2.41% 11.72%


    Province Analysis
    – Debt & Delinquency Rates (excluding mortgages)

    Province Average
    Debt
    (Q4 2024)
    Average Debt Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    Delinquency Rate ($)
    (Q4 2024)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q4 2024 vs. Q4 2023)
    Ontario $22,597 3.51% 1.64% 23.91%
    Quebec $19,156 2.83% 1.08% 16.88%
    Nova Scotia $21,349 2.45% 1.66% 9.28%
    New Brunswick $21,548 2.71% 1.68% 5.80%
    PEI $23,664 3.44% 1.23% 14.34%
    Newfoundland $24,843 3.82% 1.49% 0.05%
    Eastern Region $22,272 2.88% 1.59% 6.32%
    Alberta $24,537 0.74% 1.91% 17.11%
    Manitoba $18,150 2.64% 1.69% 3.14%
    Saskatchewan $23,265 2.29% 1.77% 11.09%
    British Columbia $22,583 3.61% 1.36% 14.16%
    Western Region $22,911 2.34% 1.64% 14.09%
    Canada $21,931 2.98% 1.53% 17.98%

    * Based on Equifax data for Q4 2024

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com

    The MIL Network

  • MIL-OSI Europe: ASIA/PHILIPPINES – Sister Ana, a missionary among young Filipinos: this is how we help them discover their talents

    Source: Agenzia Fides – MIL OSI

    Tuesday, 25 February 2025

    Photo: Suor Ana Palma

    by Pascale RizkSan Carlos (Agenzia Fides) – A few days ago the seventh edition of the “Asian Mission” initiative ended, which this year had the motto “Made for a mission. Made for peace”. The event brought together 50 participants, including eight young people from Japan, five from the diocese of Daejon in South Korea, five from the Philippine diocese of Nampicuan and two from San Fabian, as well as 30 young people from the “Servants Missionary Youth” group from Malasiqui. The meeting, organized by the Congregation of the Servants of the Gospel of the Divine Mercy, takes place once a year and was held from February 6 to 16 in San Carlos, in the Philippine province of Pangasinan.”While young people in the Philippines suffer from poverty, young people in South Korea and Japan suffer from their families’ crushing expectations of success within a very competitive, rigid and demanding social system that causes a high suicide rate. The Asia Mission initiative aims to support all these young people,” says Sister Ana Palma, a Spanish missionary who has been in the Philippines with her community since 2015. “By creating this space, we want to sensitize young people to realities that are different from their own.””They should experience ‘human fraternity’ by being able to participate in pastoral activities with young people, children and university students. At the Pangasinan State University, young people meet with the university pastoral staff to share experiences of life in their respective societies and discuss ways to promote peace. In general, games, workshops and key meetings are held on human values such as freedom of expression, human dignity and work, depending on the age group,” explains the nun.San Carlos is 122 kilometers from Manila and is characterized by great poverty. It is usually the fathers who provide for the families by working in agriculture; families are made up of an average of five or six people and the most common work is building bamboo houses, called “Bahay-kubo”. The daily wage is 450 pesos, which is about 9,900 pesos a month, or about 200 euros. Women who do the cleaning work receive 350 pesos a day. With this income, families cannot afford to send all their children to university, and they only choose those who have the best prospects of success.The different needs of these young people also include the financial aspect. The parishes promote university scholarships of 1,500 pesos (about 26 euros) per month for the entire academic year. “My community sponsors 20 students with financial support of 1,750 pesos – 360 euros per year – from private donors,” adds Sister Ana, who continues: “Our work with young people aims above all to give them the confidence to change their lives. We encourage them to discover their potential, their talents and abilities. They are all very gifted, but at the same time they are crushed by the reality of poverty, which always makes them underestimate their potential.”According to Sister Ana, young people who are unable to continue their studies at university help their fathers with construction work, and the girls act as “laundresses,” washing the clothes by hand for families who do not have washing machines. It also happens that girls enrolled in university have difficulty paying the exam fees and therefore turn to prostitution.In addition to their work with young people, the missionaries of the Congregation of the Servants of the Gospel of Divine Mercy are involved in children’s catechism in parishes, in the distribution of the Eucharist to the elderly from door to door and in various educational, recreational and entertainment programs for young people. Every week, the missionary community meet with the youth group of the “Servants Missionary Youth” to pray. “The strength and power of prayer is very important. Filipino Catholics have a strong sense of popular piety,” emphasizes the missionary from Granada.”I am very happy that these young people, who come from very poor families – I know, for example, a family with up to fourteen members – can study at university. Many study nursing, political science or education. It is beautiful to see how they mature through open-mindedness,” says Sister Ana, “Even if, unfortunately,” reports Sister Ana, “today many are leaving the Catholic Church to join the ‘Born Again’ sect, attracted by music and animation”. (Agenzia Fides, 25/2/2025)
    Photo: Suor Ana Palma

    Photo: Suor Ana Palma

    Photo: Suor Ana Palma

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    MIL OSI Europe News

  • MIL-OSI Europe: Annual accounts for 2024 | Statement at the press conference presenting the Deutsche Bundesbank’s Annual Report for 2024

    Source: Deutsche Bundesbank in English

    Check against delivery.
    1 Introduction
    Ladies and gentlemen,
    A warm welcome to you from me as well. 
    Before we start looking at the 2024 annual accounts together in a few minutes, allow me to make a few introductory remarks.
    The President has already said it: the monetary policy measures of the past few years are still having an effect. They are also reflected on central banks’ balance sheets. 
    As you know, the Bundesbank started making provision for the increased financial risks early on, in the annual accounts for 2016. These risks materialised yet again in 2024. 
    On balance, the Bundesbank posted losses of around €19.8 billion in 2024, after a loss of €21.6 billion in the previous year. In 2023, however, we recorded a net distributable profit of zero because we used all of our provision for general risk and some of our reserves to offset losses. For 2024, remaining reserves totalling €0.7 billion were still available to offset some of the loss. The Bank is thus reporting an accumulated loss of €19.2 billion for 2024.
    Let me share three important messages:
    We have reached the peak of the losses.
    Net equity has climbed to more than €250 billion.
    There is a revaluation reserve of over €260 billion for the gold.
    So the Bundesbank’s balance sheet is sound.
    The positive message is that the Bundesbank is fully able to perform its tasks even in the face of losses. 
    This slide shows that the Bundesbank’s net equity increased significantly, rising by €50 billion or roughly 25%. We will look at the development of net equity in detail in just a moment. 
    Now let’s take a closer look at developments in the annual accounts for 2024.
    2 Balance sheet
    First, let’s look at the assets side of our balance sheet:
    Total assets once again declined as a result of monetary and foreign exchange policy activities: they were down by around €149 billion, or 5.9%. Viewed over multiple years, though, total assets are still up on the end of 2019 – that is to say, their level before the pandemic and before the start of the highly accommodative monetary policy. 
    As in the previous year, the decline in total assets has three main drivers on the assets side:
    First, securities holdings from the monetary policy purchase programmes decreased by €98 billion: this was largely concentrated on the APP portfolio, for which reinvestments of principal payments were discontinued as of July 2023. For the PEPP, meanwhile, reinvestments were gradually reduced to zero only as of the second half of 2024. We will see the effects of this more clearly in the 2025 annual accounts.
    Second, lending related to monetary policy operations contracted by €67 billion, above all due to the phase-out of the TLTROs conducted at particularly favourable interest rates during the pandemic.
    Third, liquidity outflows meant that the TARGET claim on the ECB fell by €47 billion in 2024.
    On the liabilities side of the balance sheet, there was a corresponding significant decline in deposits: liabilities related to monetary policy operations fell on the year to €960 billion. In addition, other euro balances dropped on the year to €134 billion, mainly owing to smaller balances of non-euro area central banks. 
    Another key item on the liabilities side is banknotes in circulation: when the negative interest rate policy period ended in 2022, growth in the volume of banknotes in circulation within the Eurosystem had effectively come to a halt due to the higher opportunity cost of holding cash. Only in recent months has growth picked up again at individual national central banks. The Bundesbank’s share of the Eurosystem’s banknotes in circulation reported on the balance sheet under liabilities item 1 “Banknotes in circulation” rose to €389 billion. The volume of banknotes issued by the Bundesbank actually increased more than in the rest of the euro area. This can be seen in liabilities sub-item 9.2 “Net liabilities related to the allocation of euro banknotes within the Eurosystem”, which has risen to €567 billion.
    The third aspect I would like to discuss is the revaluation accounts item: this item increased on the year, climbing by €70 billion to €267 billion.
    You will see a breakdown of the revaluation accounts item on the next slide.
    The revaluation reserve for gold contained within that item has risen by €69 billion to €263 billion based on the market value of gold as at the reporting date. The revaluation reserve for gold has grown strongly when viewed over the long term, in particular. This revaluation reserve is currently almost thirteen times as high as its level when monetary union was launched at the start of 1999. 
    The revaluation reserve for foreign currency has increased by €1 billion, driven by the weaker euro. This growth is mainly attributable to assets denominated in US dollars.
    The revaluation reserves also have an impact on net equity, as shown on the next slide.
    Net equity comprises: 
    capital and reserves; 
    the provision for general risk; 
    the revaluation accounts item; and 
    as of the 2024 annual accounts, the accumulated loss. 
    Looking at developments over multiple years, we can see that net equity developed positively in 2020 and 2021 over and above the increase in the provision for general risk (rising from €186 billion to €197 billion). In 2022, net equity went up to €207 billion, even though the Bank released some of the provision for general risk. In 2023, the provision for general risk in the amount of €19.2 billion was fully released to offset losses; however, the decline in net equity was much smaller, at €7 billion. This was mainly because of further growth in the revaluation reserve for gold owing to movements in the price of gold. Given that the revaluation reserves are now at their highest ever level of €267 billion, net equity rose overall to €251 billion in the reporting year, despite the accumulated loss of €19.2 billion, and is now at an all-time high.
    Having net equity of €251 billion shows that the Bank can absorb the existing and prospective losses. It is fully able to fulfil its mandate. Our balance sheet is sound.
    3 Profit and loss account
    Let’s now turn our attention to the profit and loss account.
    Joachim Nagel has already pointed it out: the Bundesbank’s earnings situation has improved only slightly on the year. The turnaround in interest rates and the associated key interest rate hikes in 2022 and 2023 have set many things in motion. Much like in 2023, the combination of long-term monetary policy securities – generating low levels of remuneration – on the assets side and short-term deposits remunerated at higher rates on the liabilities side was a source of considerable strain in 2024. 
    The burdens arising from interest rate risk are affecting us via two channels this year:
    via our own securities holdings; and 
    via securities carried on the balance sheets of the other national central banks in cases where these securities are subject to income and risk sharing and are thus included in the pooling of monetary income among national central banks. 
    Now to the main items of our current profit and loss account: 
    The largest component of the profit and loss account isnet interest income. In bar 1, you can see that this has improved slightly, rising by €0.8 billion on the year. But at -€13.1 billion, it is clearly in negative territory, as it was in the previous year. 
    Why is that so? As already touched upon, the monetary policy asset purchases have given rise to longer-term fixed interest positions (generating a low level of remuneration). The counterparts of these on the liabilities side of the balance sheet – after deducting banknotes in circulation – are short-term interest-bearing deposits of commercial banks. The mismatch in maturities has left an open euro interest rate position on the balance sheet. The significant increase in the deposit facility rate in 2022 and 2023 is continuing to cause interest rate risk from this open interest rate position to materialise – putting net interest income under strain.
    Specifically, this means that while the remuneration of monetary policy securities increased only marginally (to 0.54% on average), credit institutions’ monetary policy deposits resulted in a significant interest charge (of 3.81% on average for the year) owing to the higher deposit facility rate. This gives us a negative interest margin of -3.28% for 2024. On average for the year, this negative interest margin is actually up slightly on 2023 (-2.90%). However, maturing monetary policy securities, in particular, resulted in the open euro interest rate position being 22% lower on average for 2024, thus placing a lower burden on net interest income overall. 
    Realised gains arising from financial operations and write-downs related to foreign exchange and securities (bar 2) were, at €860 million, up by €467 million on the year on balance. Realised gains (mainly US dollars in the case of foreign exchange and US Treasury notes in the case of securities) – which were still coming under pressure from the stronger US dollar in the previous year – rose by €638 million to €1.2 billion in 2024.
    At the same time, there were larger write-downs in the amount of €324 million. This is €171 million more than in the year before. While the need for write-downs on foreign exchange holdings was lower than in the previous year, there was a greater need for write-downs on securities holdings denominated in foreign currency, primarily as a result of higher capital market yields on US Treasury notes. 
    That brings me to monetary income. This comprises interest income from monetary policy assets, less interest paid on their counterpart liability items. In the Eurosystem, the resulting net interest income is shared according to the capital key. 
    At -€5.4 billion, the net result of pooling monetary income (bar 3) in 2024 was roughly the same as in the previous year. The lion’s share is still attributable to redistribution effects relating to monetary policy supranational securities. These are securities issued by supranational institutions, such as the European Union. These securities were purchased by other national central banks as part of PSPP and PEPP purchases. The Bundesbank itself has no holdings. The Eurosystem’s holdings came to an annual average of €398 billion. Income and risks are shared within the Eurosystem. 
    The supranational securities holdings generate only a low level of remuneration. Compared with the main refinancing rate, theinterest margin is thus negative at around -3.6% on an annual average for 2024. The lower income resulting from this for the affected national central banks is balanced out among the national central banks via the common pool of monetary income. Based on its capital share of 26.6%, the charge for the Bundesbank came to around €3.8 billion.
    Staff costs (bar 4) in 2024 were down by €623 million to €1.5 billion. The decrease was caused by one-off effects in the previous year, in which additional transfers to staff provisions were necessary. 
    For 2024, this initially results in a loss for the year of €19.8 billion, which is €1.8 billion lower than the loss in 2023 before releasing the provision for general risk. 
    In the previous year, however, it was possible to offset the loss by fully releasing the provision for general risk of €19.2 billion (bar 6) and making withdrawals from reserves to the tune of around €2.4 billion (bar 7). By contrast, there are only reserves of just under €0.7 billion left available to offset the loss in the reporting year. 
    The profit and loss account for financial year 2024 thus closed with an accumulated loss of €19.2 billion, which will be carried forward to 2025.
    4 Conclusion
    I shall now conclude my remarks by summarising the main takeaways.
    The financial burdens remained considerable in 2024. We expect the burdens to subside significantly as early as 2025. Nevertheless, they will remain considerable. 
    The open euro interest rate position will shrink further in size now that reinvestments under the PEPP have now also been phased out. Monetary policy securities holdings will become smaller as they mature. In addition, the negative interest margin will decrease because the lower deposit facility rate will reduce the interest expense for credit institutions’ monetary policy deposits. 
    Overall, we expect to report losses and carry them forward for some time and that we will therefore be unable to distribute any profit for an extended period of time. 
    That brings me to the most important message of my speech today.
    The Bundesbank has considerable assets. These are significantly in excess of its obligations. Our revaluation reserves, for instance, amount to €267 billion. Net equity comes to more than €250 billion.
    In short, the Bundesbank can bear both the current and the foreseeable financial burdens. What this shows is that the Bundesbank remains able to fully discharge its tasks even with an accumulated loss. 
    The Bundesbank’s balance sheet is sound.
    Thank you.

    MIL OSI

    MIL OSI Europe News

  • MIL-OSI: Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency.

    Key Takeaways

    • The introduction of AI in recruitment reduced Bitget’s average hiring time by 38%.
    • AI-powered resume screening reduced manual processing by 76%, allowing HR department to focus on higher-level candidates.
    • Recruitment costs dropped by 25% due to automated hiring workflows.
    • Employee retention improved by 15%, as a better candidate-job fit led to a lower first-year attrition rate.
    • AI-driven candidate ranking and skill-job matching increased hiring accuracy, lowering bias in recruitment decisions by 38%.

    Traditional hiring methods often result in slow recruitment cycles, high costs, and mismatches between candidates and job roles. Bitget implemented an AI-driven recruitment solution that automates resume screening, interview scheduling, and candidate evaluation. By leveraging machine learning and predictive analytics, the platform optimized hiring decisions based on skill-job compatibility, past performance metrics, and cultural fit. This transition to AI-driven recruitment has accelerated the company’s hiring process while maintaining high selection standards.

    Before implementing AI-driven hiring, Bitget relied on manual candidate screening and external recruitment agencies, which made recruitment costly and time-consuming. The average hiring cycle lasted 48 days, with some technical positions taking up to 50 days to fill. High dependence on third-party agencies accounted for nearly 40% of total hiring costs, while internal HR teams processed up to 500 resumes per month, leading to operational inefficiencies. Despite the company’s rapid growth, traditional hiring methods limited its ability to scale into new markets and product sectors efficiently.

    To address these challenges, Bitget introduced an AI-powered recruitment system designed to streamline hiring by automating resume screening, optimizing candidate-job matching, and improving decision-making. The AI model was trained using historical hiring data, evaluating key indicators such as skill compatibility, previous performance, and cultural fit. Integrated with existing HR systems, the technology enabled rapid candidate ranking and selection while reducing human bias.

    The results were significant. The average time to hire dropped by 38%, cutting recruitment cycles from 48 to 30 days. Resume screening efficiency improved by 76%, allowing HR specialists to focus on high-value candidates rather than manual filtering. Cost savings reached 25%, primarily due to reduced reliance on external agencies and the automation of administrative hiring processes. Employee retention improved by 15%, as better candidate-job alignment led to a decrease in first-year attrition. Additionally, AI-driven evaluations helped minimize unconscious bias in hiring decisions, resulting in a 38% improvement in hiring accuracy.

    “With AI, we’re not just hiring faster — we’re hiring smarter,” said Gracy Chen, CEO of Bitget. “This technology is helping us attract top talent more efficiently while optimizing costs and improving long-term retention.”

    Bitget’s AI hiring transformation underscores how automation can enhance workforce efficiency in highly competitive industries. By integrating AI into recruitment, the company has set a new benchmark for efficiency, accuracy, and cost-effectiveness, offering a model that could reshape talent acquisition strategies across the cryptocurrency and technology sectors.

    To know more about Bitget’s AI usage in hiring, check the full report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6645e120-7461-4af0-9253-b5353f2d5350

    The MIL Network

  • MIL-OSI: ITI Launches Master’s in Trading Program for Ambitious Traders Aspiring to Go Professional

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, Feb. 25, 2025 (GLOBE NEWSWIRE) — The International Trading Institute (ITI) is setting a new standard for trader education with the launch of its Master’s in Trading Program—a structured, comprehensive, mentor-led program designed to turn ambitious traders into market professionals.

    The part-time program delivers expert training in trading psychology, risk management, algorithmic strategies, and advanced market analysis across all major asset classes. Designed for traders serious about going professional, ITI provides real-world trading experience, direct mentorship, and industry-recognized certifications—fast-tracking participants into full-time trading and finance careers.

    The Ultimate Trading Education Experience

    Unlike self-learning or short-term courses, ITI’s Master’s in Trading Program offers a structured, hands-on approach to professional trading. The program is designed to offer participants opportunities to:

    • Trade like the pros – learn professional-level strategies for risk management, execution, and market analysis.
    • Master trading psychology – train with world-class trading psychologists to develop the discipline needed for trading success.
    • Gain hands-on experience – engage in real-time trading simulations, case studies, and market analysis.
    • Access elite mentorship – work directly with top trading professionals for expert guidance and career development.
    • Earn an industry-recognized certification – graduates will have the option to earn the STA Technical Analysis certification.
    • Build a professional-grade trading system – develop and refine a reliable, high-performance trading strategy with expert feedback.

    “Retail traders often struggle to bridge the gap between independent trading and professional execution,” says Carol Harmer, ITI faculty member. “This program eliminates guesswork, providing structured training, performance coaching, and the professional insights needed to compete at the highest level.”

    Led by World-Class Trading Experts

    ITI’s faculty includes some of the most respected names in the trading industry, offering unparalleled mentorship and expertise. Featured instructors include:

    Steve Goldstein – Trading performance coach specializing in psychology, behavioral finance, and decision-making under uncertainty. Author of “Mastering the Mental Game of Trading” (2024).

    Alex Spiroglou – A high-profile cross-asset futures trader and an award-winning researcher in technical analysis.

    Sunil Mangwani – Technical trading specialist with expertise in price action, Fibonacci techniques, and trend forecasting.

    Steve Ward – Performance coach for hedge funds, investment banks, and professional traders. Author of three books on trader performance and mindset. 

    Marc Chandler – A widely respected currency expert and seasoned Wall Street strategist.

    Carol Harmer – A veteran trader and pioneer of technical trading at top financial institutions.

    Ed Ponsi – Respected forex educator, risk management expert, best-selling author, and advisor to hedge funds, institutional traders, and central bankers.

    The Psychological Edge: ITI’s Game-Changing Approach

    Experts agree that 80% of trading success depends on a trader’s psychological mindset. 

    Julie Cook, President of ITI, explains why ITI puts mindset training at the core of its curriculum:

    “Most trading programs focus on strategy but neglect the mental game. At ITI, we integrate trading psychology into every aspect of learning. Success in today’s markets requires more than just knowledge—it demands resilience, confidence, and an elite mindset.”

    Additionally, research shows that structured mentorship can accelerate learning curves and significantly impact performance and outcomes. 

    According to ITI faculty member Sunil Mangwani, “Mentoring is a key to professionalization for institutional traders. This program duplicates that critical element in the development of traders by providing mentoring by industry experts embedded in the curriculum.”

    By incorporating mentorship and psychological training, ITI gives traders the competitive edge they need to succeed faster and more efficiently.

    Enrollment Now Open – Limited Spots Available

    Applications for the September 2025 cohort are now open. Seats are limited, and early applicants receive live Q&A sessions with industry experts and early scholarship opportunities.

    More details: InternationalTradingInstitute.com/masters-in-trading-program/

    About the International Trading Institute

    The International Trading Institute (ITI) is a leading educational institution offering a groundbreaking Master’s in Trading Program to equip traders with cutting-edge knowledge, tools, and mentorship for success in global financial markets. With industry veterans as faculty and a rigorous, real-world curriculum, ITI is setting a new standard in trading education.

    Social Links

    Website: https://internationaltradinginstitute.com/

    Contact

    Director of Marketing
    Jasman Mann
    The International Trading Institute (ITI)
    admissions@internationaltradinginstitute.com
    +34 93 451 8176

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1656f4a3-ea47-4b00-bc18-9067031533f2

    The MIL Network

  • MIL-OSI Europe: Salla Saastamoinen Appointed as New Deputy Director-General of OLAF

    Source: European Anti-Fraud Offfice

    The European Anti-Fraud Office (OLAF) is pleased to announce the appointment of Ms Salla Saastamoinen as new Deputy Director-General, effective 16 February 2025. Ms Saastamoinen will contribute to strengthening OLAF’s anti-fraud role thanks to her extensive experience in the areas of justice, rule of law, and fundamental rights.

    Commenting on her new assignment, Salla Saastamoinen said: “I am honored to join OLAF and contribute to its essential mission. Fraud and corruption not only cause financial losses but also weaken public trust in the EU institutions. A strong and effective anti-fraud architecture is crucial to protect EU funds and ensure accountability. I look forward to working closely with OLAF’s investigators and policymakers to further strengthen existing fraud prevention measures, enhance legal frameworks and reinforce the EU’s ability to counter fraud against the EU budget.”

    Ms Saastamoinen, a Finnish national, transitions from her role as Deputy Director-General at the Joint Research Centre (JRC) where she was in charge of five scientific directorates. The JRC is the Commission’s science and knowledge service.

    With over 25 years of service within the European Commission, Ms Saastamoinen offers broad expertise in the areas of legislation and international negotiations. Her background includes serving as acting Director-General in the Directorate-General for Justice and Consumers (DG JUST).  In addition, she was Director for Civil and Commercial Justice in charge of the development of the European area of civil justice. Prior to that, she was Director for Equality. Previously, she also served as Head of several units in the same DG JUST.

    Before joining the Commission, Ms Saastamoinen was a Partner in a business law firm, a Researcher in law and Author of several books on environmental law and EU law. 

    Ms Saastamoinen speaks Finnish, English, French, German and Swedish. 

    MIL OSI Europe News

  • MIL-OSI United Kingdom: New powers for police to tackle neighbourhood crime

    Source: United Kingdom – Executive Government & Departments

    News story

    New powers for police to tackle neighbourhood crime

    In one of the biggest legislative updates to policing for decades, a package of new laws will tackle antisocial behaviour, shop theft and street crime.

    The Crime and Policing Bill, which is central to the government’s Plan for Change and Safer Streets mission, will be introduced in Parliament today and begins its journey to becoming law.

    It will also include measures to address the highest-harm crimes impacting society, such as knife crime, violence against women and girls, cybercrime, child sexual abuse, and terrorism.

    In new measures announced today, police will be given enhanced powers against theft of mobile phones – no longer needing a warrant to search properties where stolen items have been electronically geolocated.

    Under the new warrantless powers of entry, officers will be able to enter premises identified by electronic mapping if stolen items are believed to be there and it is not practicable to obtain a warrant from a court. This can be done through a ‘find my phone’ app, WiFi access points, Bluetooth, mobile network technology or tracking devices attached to any other possession or vehicle.

    It will support the police to act swiftly in the ‘golden hour’ of investigations, which is particularly crucial for investigations into theft, helping to provide swifter seizures of stolen property and providing a better service to victims.

    Sitting at the heart of the government’s Safer Streets mission and Plan for Change, the new bill will help tackle the crimes that matter most to communities but have been ignored for too long. The new laws will be backed up by the recruitment of 13,000 extra neighbourhood policing roles, with a named officer in every community. 

    On the introduction of the Crime and Policing Bill, Home Secretary Yvette Cooper said:

    This flagship Crime and Policing Bill is at the heart of our mission for safer streets and this government’s Plan for Change. 

    For too long communities have had to put up with rising town centre and street crime, and persistent antisocial behaviour, while neighbourhood police have been cut. And for years too little has been done to tackle the most serious violence of all including knife crime and violence against women and children. 

    That is why the new Crime and Policing Bill is about taking back our streets and town centres, restoring respect for law and order, and giving the police and local communities the support and tools they need to tackle local crime.

    On the new warrantless powers of entry, Home Secretary Yvette Cooper said:

    For the last few years, our towns and cities have seen street theft shoot up, as organised gangs have been targeting mobile phones.

    But it is extremely frustrating for victims when they can see exactly where their stolen phone has gone but nothing is done.

    That is why we are determined to give the police the powers they need to move fast to crack down on these crimes that are blighting our communities.

    It places significant focus on protecting high streets. The effective immunity for shop theft of goods below £200 will be scrapped and retail workers will be better protected from assault. 

    There will also be increased powers to crack down on repeat antisocial behaviour offenders, with new Respect Orders banning those prolific offenders from our town centres.

    Police will be given the power to seize vehicles that cause havoc to communities, allowing them to deal with the scourge of off-road bikes in public parks and dangerous e-scooters on pavements.

    The bill will treat VAWG as the national emergency it truly is, ensuring tougher enforcement action against perpetrators and better protection for victims. It will strengthen Stalking Protection Orders, introduce a new criminal offence covering spiking and bar registered sex offenders from changing their name where they continue to pose a threat.

    Implementing a flagship recommendation of the Independent Inquiry into Child Sexual Abuse, the bill will create a new duty to report child sexual abuse, backed up by criminal sanctions for those who seek to cover up abuse.

    To help rebuild confidence in police, chief constables will be enabled to remove officers who are unfit to serve by allowing them the right to appeal the result of misconduct boards to the Police Appeals Tribunal. 

    In the year ending September 2024, police recorded one million incidents of antisocial behaviour. In the same period, they recorded over 490,000 shop theft offences, an increase of 23 percent over the previous 12-month period. Instances of theft from a person increased by 22 percent, while there were also over 55,000 recorded offences involving a knife or sharp instrument.

    Other measures that have already been announced by the government, such as the presumption of anonymity for firearms officers facing criminal proceedings relating to the use of lethal force in the line of duty, will be introduced later in the parliamentary process. This also includes Ronan’s Law clamping down on the online sales of knives, announced last week.

    Clare Sumner, Chief Policy & Social Impact Officer at the Premier League said: 

    The Premier League welcomes the government’s commitment to making communities safer for all through the introduction of the Crime and Policing Bill. The Premier League and our clubs – together with our partners across the game – are committed to using the power of football to provide positive opportunities for young people.  

    Launched in 2006 with the Home Office and the Metropolitan Police, Premier League Kicks is one of our flagship programmes delivered by 93 professional football club charities across the country to support young people in high-need areas. The programme provides free, weekly football sessions in safe environments offering mentoring, personal development opportunities and positive pathways for young people.

    Asda Chief Commercial Officer (Non-food and Retail), Liz Evans, said:

    The Crime and Policing Bill is a major step forward, which builds on the measures that this government has already introduced to deliver the Safer Streets mission. Recent interventions, like the Neighbourhood Policing Guarantee, will help us to directly tackle two significant challenges that we are facing as a business – incidences of assault and shoplifting are daily challenges across our estate, which have a devastating impact on colleagues and customers.

    More police working in our communities will have a positive impact as we continue to mitigate those challenges. That is why we warmly welcome this bill and recognise it as a key milestone in combatting retail crime and antisocial behaviour. As I have said before, Asda is ready to work in partnership with our new neighbourhood officers to help reduce crime and improve safety in the areas we serve.

    Association of Convenience Stores chief executive James Lowman said: 

    We strongly welcome the introduction of the Crime and Policing Bill, which we hope will send a clear message that shop theft and assaults on retailers will be taken seriously by both the police and the justice system. 

    People running and working in shops deserve to be treated with respect, and we believe this bill takes important steps toward that goal.

    CEO of Neighbourhood Watch, John Hayward-Cripps,  said:

    Neighbourhood Watch is delighted that the government is continuing to show its commitment to neighbourhood policing. The focus on addressing and reducing the epidemic of antisocial behaviour, theft, and shoplifting that we all witness in our town centres and communities will play an important role in increasing feelings of confidence in the police, and feeling safer in our local communities. 

    The reduction in police funding over the last 15 years has been particularly felt in neighbourhood policing, resulting in low public confidence and crimes going unreported, due to the perception that the police do not have the resources to investigate. 

    The Crime and Policing Bill combined with the additional resources being introduced will enable the police to do the job they want to do, rather than only focusing on their biggest priorities, and signals the government’s commitment to improving our communities and making us all feel safer and more connected.

    Dawn Dines, the CEO of Stamp Out Spiking welcomes the introduction of the Crime and Policing Bill with its clear indications that government policy is addressing violent crime, antisocial behaviour, and spiking, as a matter of priority.

    Increasing public confidence and the sense that people will be safer on our streets, without the fear of being attacked, together with enhanced police visibility, will go a long way to create community cohesion and confidence in Home Office strategies.

    Dawn said:

    The key to combatting predators of these spiking crimes, to enhance public protection and to reduce antisocial behaviour, is proactive education. A collaborative approach is essential to satisfy the needs of different communities, environments and changing trends. It is paramount for service providers to have the confidence of receiving current, concise information from key stakeholders, who deal with victims and security, in the day and nighttime economy.

    Clearly the detection and prevention of crime is not only a matter for the police. It is the duty of us all, as caring, compassionate citizens, not tolerating a culture of violence where these acts can be committed.

    This bill will create a positive impact on encouraging victims – especially of spiking – to come forward, to report, clearly indicating that offending is not acceptable and will have severe consequences.

    The full scope of legislation at introduction includes:

    Tackling antisocial behaviour by:

    • giving the police and others stronger powers to tackle antisocial behaviour by introducing Respect Orders
    • removing the need for police to issue a warning before seizing vehicles, such as off-road bikes being used antisocially
    • strengthening the use of existing antisocial behaviour powers. The bill also gives ministers the power to issue statutory guidance to councils in England on the enforcement of fly-tipping

    Tougher action on knife crime, including:

    • creating a power to seize, retain and destroy bladed articles found on private property
    • increasing the maximum penalty for sale of dangerous weapons to under-18s
    • creating a new criminal offence of possessing a bladed article with the intent to cause harm

    Protecting retail workers by:

    • introducing a new offence of assaulting a retail worker, giving workers in shops up and down the country the protection they need
    • removing the legislation which makes shop theft of and below £200 a summary-only offence, sending a clear message that any level of shop theft will be taken seriously

    Protecting vulnerable children and adults by:

    • introducing a new offence of child criminal exploitation, alongside a civil preventative order designed to stop the abhorrent exploitation of children by criminals
    • making cuckooing a specific offence, protecting the most vulnerable people whose homes are used by others to commit criminal activity
    • extending the current offence of exposure and creating a new child abduction offence  

    Tackling child sexual abuse, including implementing recommendations from the Independent Inquiry into Child Sexual Abuse by:

    • banning AI-models optimised to produce child sexual abuse material, and extend existing law criminalising ‘paedophile manuals’ to include material instructing how to use AI to generate child sexual abuse material
    • criminalising moderators and administrators of websites that host child sexual abuse material
    • granting Border Force officers the power to search the digital devices of individuals arriving in the UK for child sexual abuse material
    • introducing a new duty in England for adults working in relevant activities to report instances of child sexual abuse
    • introducing a new statutory aggravating factor covering grooming behaviour.

    Tackling violence against women and girls by: 

    • creating new offences criminalising the taking or recording of intimate images or videos without consent or a reasonable belief in consent
    • creating a new offence capturing spiking
    • empowering the police to release the identity online stalkers to victims, alongside strengthening the use of stalking protection orders whilst issuing guidance to agencies on combatting stalking

    New powers to tackle serious crime, including: 

    • banning the possession or distribution of electronic devices used in vehicle theft
    • strengthening the ability to apply corporate criminal liability to the makeup of modern corporations

    Strengthening the supervision of offenders in the community by:

    • reforming the ability of the police to manage registered sex offenders, including restricting their ability to change their name where there is a risk of sexual harm
    • giving probation officers the power to polygraph test more serious offenders who have committed sexual or terrorism-motivated crimes

    Introducing new public order and safety powers, including:  

    • banning the possession of fireworks, flares and other pyrotechnics at protests
    • criminalising the climbing of specified war memorials, making it clear that such disrespectful behaviour is unacceptable
    • banning the use of face coverings to conceal a person’s identity at protests designated by the police

    Tackling fraud and economic crime by:

    • prohibiting possession and supply of “SIM farms” with no legitimate purpose
    • reforming the confiscation powers used to strip convicted criminals of their proceeds of crime
    • introducing cost protections for law enforcement agencies to protect them from the risk of adverse costs when investigating kleptocrats and high-net worth individuals and corporations

    Giving police the powers they need, including: 

    • creating a new targeted power for the police to enter premises to search for and seize electronically tracked stolen goods, ranging from mobile phones to stolen vehicles and agricultural machinery
    • expanding the lawful purposes by which law enforcement agencies can access the DVLA driver licence records

    Tougher action on drugs, including: 

    • expanding police powers to drug test more suspects on arrest, helping direct more drug users into treatment and away from illegal drugs

    Enhancing public confidence in policing by: 

    • reforming the Independent Officer of Police Conduct’s (IOPC) investigative processes and giving chief officers of police the right to appeal the result of misconduct boards to the Police Appeals Tribunal
    • putting the IOPC’s victims’ right of review on a statutory footing.

    Update counter-terrorism powers by: 

    • implementing recommendations of the Independent Reviewer of Terrorism Legislation, such as introducing youth diversion orders to divert young people away from terrorism-related activity

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Extra energy bill support for the country

    Source: United Kingdom – Executive Government & Departments

    Press release

    Extra energy bill support for the country

    The government is bringing forward strengthened support for millions of households to help pay their energy bills next winter.

    • Nearly 3 million more families would be eligible to receive the £150 Warm Home Discount next winter under new proposals to help people with their energy bills
    • 1 in 5 families in Britain would get help with their bills through these proposals, giving households a helping hand to deal with an unpredictable international energy market
    • comes alongside plans to accelerate a debt relief scheme which will help tackle debt and reduce households’ energy costs

    Almost 3 million more households, including almost 1 million households with children, would get support to pay their energy bills next winter, as the government consults on proposals to offer more support to consumers across the country.  

    Due to global gas price spikes this winter and the continued impacts of Russia’s invasion of Ukraine, the energy regulator Ofgem has announced today (Tuesday 25 February) an increase in the energy price cap for April to June 2025. This price is set independently of the government, reflecting changes in wholesale prices and global markets. 

    In response, the government is acting to protect billpayers by consulting on the expansion of the Warm Home Discount, giving eligible households £150 off their energy bills. This would bring around 2.7 million households into the scheme – pushing the total number of households that would receive the discount next winter up to an estimated 6.1 million.

    Energy Secretary Ed Miliband said:

    This is worrying news for many families.

    This government is determined to do everything we can to protect people from the grip of fossil fuel markets. Expanding the Warm Home Discount can help protect millions of families from rising energy bills, offering support to consumers across the country.

    Alongside this, the way to deliver energy security and bring down bills for good is to deliver our mission to make Britain a clean energy superpower- with homegrown clean power that we in Britain control.

    The government will also work closely with Ofgem to accelerate proposals on a potential debt relief scheme, first consulted on last year, to target unsustainable debt built up during the energy crisis.  

    The proposed debt support scheme, alongside the Warm Home Discount, is an important first step to cut the costs of servicing bad debt, which is currently contributing to higher bills for all billpayers. Under these plans, the target would be to reduce the debt allowance to pre-crisis levels, with Ofgem estimating that these plans could lower these costs by £25 to £30 per year. 

    This additional support for households complements the government’s mission to make Britain a clean energy superpower, delivering energy security and bringing down bills for good. The expected rise in the price cap shows once again the cost of remaining reliant on the unstable global fossil fuel markets that are driving price increases. Three years on from Russia’s invasion of Ukraine, wholesale gas prices have now risen by 15% compared to the previous price cap period, which is directly affecting the cost of generating power and heating of homes. Moving to a power system based on homegrown, clean energy will reduce the UK’s reliance on volatile markets and protect billpayers. 

    To achieve this, government has set out the most ambitious reforms of the UK’s energy system in a generation. Within its first 8 months in office, the government has lifted the onshore wind ban, established Great British Energy, approved nearly 3 GW of solar, delivered a record-breaking renewables auction and kickstarted the carbon capture and hydrogen industries in the UK. Reforms to nuclear planning rules have also been introduced to clear a path for smaller, and easier to build nuclear reactors – helping to deliver energy security, grow the economy and deliver clean, cheap energy.

    Ofgem CEO Jonathan Brearley said:

    Energy debts that began during the energy crisis have reached record levels and without intervention will continue to grow. This puts families under huge stress and increases costs for all customers.

    We’re developing plans that could give households with unmanageable debt the clean slate they need to move forward. We welcome the government’s support for these plans, and their plans to expand the Warm Home Discount, which will also offer financial help to nearly 3 million more households that need it most.

    While the government presses on with the clean power mission, swift action has already been taken to shield energy consumers from high prices. These measures include:

    • extended the Household Support Fund to provide help through local councils to struggling households with essential costs, including energy bills
    • worked with energy suppliers to negotiate a £500 million winter support package for consumers
    • rolled out the next steps of the Warm Homes Plan, which will upgrade 300,000 homes this financial year
    • consulting on boosting living standards in the private rented sector by requiring all private landlords in England and Wales to meet Energy Performance Certificate (EPC) C or equivalent in their properties by 2030, which will help a million renters out of fuel poverty
    • announced a comprehensive review of the energy regulator Ofgem, empowering it to facilitate growth and innovation and become a stronger champion for consumers
    • driving forward with pro-consumer reforms: 

      • challenging unlawful back billing; taking action on inaccurate bills
      • driving the smart meter rollout
      • giving every family the option of a zero standing charge tariff, so they have more choice in how they pay for their energy
      • ensuring compensation for wrongful installation of prepayment meters

    In addition, government has also moved quickly to protect working people from wider cost of living pressures, including:

    • helping to keep prices down at the pumps by freezing fuel duty for an additional 12 months, saving motorists £3 billion in 2025 to 2026
    • targeting support with the largest increase to the Carer’s Allowance earnings limit since it was introduced in 1976 – worth £41 a week
    • capping the amount that can be deducted cut from Universal Credit payments when repaying short-term loans and debts, saving 1.2 million of the poorest families in the UK £420 a year on average
    • through the government’s commitment to the Triple Lock, millions will see their State Pension rise by up to £1,900 over this parliament

    Taken together, these reforms will help to improve the lives of working people and put more money in their pockets, secure home-grown energy and kickstart economic growth, as part of the Prime Minister’s Plan for Change. Through this ambitious programme, the government will deliver a decade of national renewal and fix the foundations of the country.

    Notes to editors

    The consultation sets out proposals to expand the reach of the Warm Home Discount Scheme by removing the high-cost-to-heat threshold in the current Warm Home Discount (England and Wales) Regulations 2022 (for winter 2025 to 2026) and increasing the level of spend available in Scotland for suppliers to allocate through the Broader Group. All households in receipt of means-tested benefits would then be eligible to receive the £150 electricity bill rebate. 

    If you live in England and Wales, you currently qualify for the Warm Home Discount if you either get the Guarantee Credit element of Pension Credit, are on a means tested benefit and have high energy costs.

    If you live in Scotland, you currently qualify if you either get the Guarantee Credit element of Pension Credit, are on a means tested benefit in Scotland and / or meet your energy supplier’s criteria for the scheme.

    Further information on the Warm Home Discount scheme can be found here: Warm Home Discount Scheme: Overview 

    Ofgem’s confirmation that they would progress work on the proposed debt relief scheme can be found here: Debt Strategy.

    Ofgem’s consultation on establishing a debt relief scheme closed on Thursday 6 February. The consultation document can be found here: Resetting the energy debt landscape: the case for a debt relief scheme.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: Publication of financial reports: Federal Office of Justice imposes disciplinary fine on Gateway Real Estate AG

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). Gateway Real Estate AG failed to submit its accounting documents for the financial year 2023 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.

    The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

    MIL OSI Economics

  • MIL-OSI Submissions: Asia Pacific – Regional UN forum calls for targeted and evidence-based solutions to speed up sustainable development progress

    Source: United Nations – ESCAP

    Sustained economic growth in Asia and the Pacific has lifted millions out of poverty. Yet, the attainment of the 17 Sustainable Development Goals (SDGs) by 2030 remains well beyond the region’s grasp as less than a sixth of SDG targets will be met on current trends.

    At the opening of the 12th Asia-Pacific Forum on Sustainable Development today, government officials, civil society, youth and international organization representatives called for prioritized, targeted actions with strong multiplier effects across different sectors so that the region moves closer to as many targets as possible.

    “With the technology and finance that drive the world now largely coming from the region, the means to attain sustainable development lie within us. Our commitments must be translated into concrete actions,” urged Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP).

    “This region has immense potential to accelerate SDG progress – through action to harness the power of technology, accelerate the energy transition and transform food systems, driving progress across all the Goals,” said United Nations Deputy Secretary-General Amina J. Mohammed in her video remarks. “Use your voice to ensure that the needs and priorities of this region shape action over the coming years.”

    Asia and the Pacific faces defining challenges, urgent actions needed

    With recent years being the warmest on record, the world is rapidly approaching the critical +1.5°C threshold. The consequences — ranging from disruptions in agriculture and health to the increasing frequency of disasters and challenges for human settlements — are set to reshape livelihoods and economies. Delegates at the opening further called for urgent action to mitigate climate change risks and build resilience. This includes an accelerated shift towards renewable energy and regional power systems, integrating cooling solutions into sectoral policies and investing in climate adaptation to safeguard communities.

    Additionally, they drew attention to the fundamental demographic shift taking place with increasingly ageing populations, especially in countries still developing. Delegates highlighted the need to invest in future generations: better education, health and youth employment as well as intergenerational collaboration to ensure everyone remain well-integrated into society.

    “It is time to move beyond conversations, trust young people with inclusive, innovative and science-based solutions and facilitate intergenerational linking and learning for a cohesive sustainable development agenda,” said Shayal Nand, who presented the Youth Call to Action at the session.

    Speaking on behalf of the Asia-Pacific Regional Civil Society Engagement Mechanism, Beena Pallical said, “We call on all states and UN agencies to commit to comprehensive redressal of systemic barriers, centering people and the planet over profits, in line with the principle of equity and inclusivity to realize development justice for a far better world for our tomorrow.”

    APFSD serves as a crucial regional platform to shape global development dialogue

    Suman Bery, Vice Chair of NITI Aayog of India was elected Chair of the session. He underscored the Forum’s importance as a key platform to review regional progress and discuss sustainable development priorities moving forward at a fast pace.

    Over the next four days, Forum participants will undertake an in-depth review of the region’s progress on Sustainable Development Goals 3 (good health and well-being); 5 (gender equality); 8 (decent work and economic growth); 14 (life below water) and 17 (partnership for the Goals). The outcome of the regional Forum will feed into the global High-Level Political Forum in July.

    Bob Rae, President of the United Nations Economic and Social Council noted that of the 39 countries that will present their Voluntary National Reviews at the High-Level Political Forum in July in New York, 12 are ESCAP members. “This very strong number demonstrates the region’s commitment to evidence-based follow-up and shared learning which is so critical in pursuit of the SDGs,” he said.

    ESCAP, ADB and UNDP launch report on advancing a just transition

    At the Forum, ESCAP, the Asian Development Bank and the United Nations Development Programme jointly launched the latest edition of the Asia-Pacific SDG Partnership Report 2025, which highlights the critical need for a just transition to green and blue economies. This is a necessary step to addressing climate change while ensuring sustainable development, but it must be fair and inclusive, creating decent work opportunities and leaving no one behind.

    The report reveals that a just transition has the potential to generate millions of new jobs while addressing the risks of disruptions to employment and livelihoods, particularly for workers in carbon-intensive industries, the informal sector and those lacking social protection. It further highlights more than 50 examples of potential solutions and good practices implemented across the region, showcasing how a just transition can be pursued on many fronts as well as scalable and adaptable across diverse national contexts.

    Note:
    The Asia-Pacific Forum on Sustainable Development is hosted annually by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) to assess regional progress on the Sustainable Development Goals and explore solutions to accelerate action. The forum provides a space for countries to identify regional trends, discuss best practices and lessons learned as well as strengthen regional collaboration to ensure no one is left behind.  

    For more information on the 12th APFSD: https://www.unescap.org/events/apfsd12
     
    Access the full Asia-Pacific SDG Partnership Report 2025: https://www.unescap.org/kp/2025/delivering-just-transition-advancing-decent-work-gender-equality-and-social-protection

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Business – Gebrüder Weiss expands its logistics services in Poland

    Source: Gebrüder Weiss

    Since the beginning of the year, Gebrüder Weiss has been offering partial and full truck loads (LTL / FTL) as well as extended logistics solutions in addition to air and sea freight services / Poland continues to gain in importance as a logistics center for the transport of goods in Europe

    Krakow / Lauterach, February 25, 2025. Gebrüder Weiss is further expanding its transport and logistics services in Poland: since the beginning of 2025, the international logistics company has also been offering its customers national and international partial and full truck loads (LTL / FTL) as well as additional warehousing and logistics solutions, including order picking. Companies can use the myGW customer portal to track their shipments in real time and have all documents available in digital form. The new services complement Gebrüder Weiss’ existing logistics, air and sea freight services on offer since 2020. As a result, the team is growing to 70 employees.

    “Our goal is to offer companies in Poland with a first-class and comprehensive range of logistics services,” emphasizes René Stranz, Area Manager Slovakia and Poland at Gebrüder Weiss. “By combining different modes of transport, our customers will be able to react even more flexibly to market requirements and make their supply chains more efficient in the future.” Poland has become a sought-after production and warehousing location within Europe. Its economy grew three times faster than the EU average in 2024 thanks to rising consumer spending. Poland is an important trading partner and export market, especially for German companies, but also for imports from Asia and the US. At the same time, the transport infrastructure is being continually expanded, including a new major airport with an international freight center.

    Today, Gebrüder Weiss in Poland has branches in Krakow, Wroclaw, Gdynia and Warsaw. Its customers come mainly from the high-tech, automotive, consumer goods and e-commerce industries. In addition to transport, the logistics provider also handles the storage and order picking of pharmaceuticals that require special refrigeration for companies in the pharmaceutical industry. In order to optimize its customers’ supply chains even more comprehensively, the logistics company is also planning to expand its offer as a Lead Logistics Provider in the medium term. “Depending on how the economy develops, further locations are also possible,” says Maciej Szczyglowski, Country Manager Poland Land & Logistics at Gebrüder Weiss. “For example, in Wroclaw or Katowice, where we can imagine new logistics terminals for goods handling.”

    About Gebrüder Weiss

    Gebrüder Weiss Holding AG, based in Lauterach, Austria, is a globally operative full-service logistics provider with about 8,600 employees at 180 company-owned locations. The company generated revenues of 2.46 billion euros in 2023. Its portfolio encompasses transport and logistics solutions, digital services, and supply chain management. The twin strengths of digital and physical competence enable Gebrüder Weiss to respond swiftly and flexibly to customers’ needs. The family-run organization – with a history going back more than half a millennium – has implemented a wide variety of environmental, economic, and social initiatives. Today, it is also considered a pioneer in sustainable business practices. www.gw-world.com

    MIL OSI – Submitted News

  • MIL-OSI United Kingdom: Yorkshire engineer jailed for breaching director ban and bankruptcy offence

    Source: United Kingdom – Executive Government & Departments

    Press release

    Yorkshire engineer jailed for breaching director ban and bankruptcy offence

    Father and son sentenced after multiple offences committed

    • Repeat offender Leslie Crossland again breached the rules of his director disqualification by managing two companies when he was not allowed to do so 
    • He also committed a bankruptcy offence in 2020 during the course of interviews with Insolvency Service officials 
    • Crossland was assisted in breaking his director ban by his son, Richard Crossland, who was given a suspended sentence at the same hearing 

    A Yorkshire electrical engineer who continued to manage his businesses while he was disqualified as a company director has been jailed. 

    Leslie Crossland, of Netherfield Croft, Shafton, Barnsley, was sentenced to 16 months in prison when he appeared at Sheffield Crown Court on Friday 21 February. 

    The 75-year-old had previously admitted acting as a director of R&L Electrical Engineers Ltd (R&L) and R&L (BMS) Installations Ltd (BMS) when he was banned from doing so. 

    He also failed to inform Insolvency Service officials that he had withdrawn four of his pensions, disposing of £23,300 in assets in the months before he was declared bankrupt. 

    Crossland was already serving a 14-year director disqualification, which began in November 2008, at the time he was managing R&L and BMS. His 2008 disqualification was for failing to deliver accounting records to the liquidator and ignoring a previous 10-year director ban from September 2005. 

    He was also jailed in 2014 for breaching the 14-year disqualification. 

    Crossland was supported in breaching his most recent directorship ban by Richard Crossland, his son, who was also sentenced after failing to deliver records to the liquidator for R&L. 

    Richard Crossland, 45, and also of Netherfield Croft, Shafton, Barnsley, was sentenced to 10 months in prison, suspended for two years, at the same hearing. 

    He was also ordered to complete 300 hours of unpaid work, five days of rehabilitation activity, and pay £2,000 in costs. 

    David Snasdell, Chief Investigator at the Insolvency Service, said: 

    Leslie Crossland clearly breached the terms of his director disqualification, making all the executive decisions and using deceptive tactics such as impersonating those who were named as directors of his companies.  

    He is a repeat offender, with this not being the only time he has blatantly ignored director bans in the past. 

    Crossland was actively enabled to carry out these actions by his son, who allowed him to continue as a company director in all but name. 

    The public deserves to be protected from those who are unfit to direct or manage company affairs, putting them at risk of financial harm. 

    We will continue to work hard to ensure the UK remains a safe and fair place to do business.

    R&L was established in September 2016, continuing the business of RL Installations run by Leslie and Richard Crossland but as a limited company, not sole tradership as had been the case before. 

    BMS was incorporated in November 2018 when it became clear that R&L would be entering administration. 

    Leslie Crossland was serving his 14-year director ban at the time both companies were trading. 

    Richard Crossland was appointed as director of R&L in January 2018 and BMS when it was set up in November 2018. 

    In interviews with the Insolvency Service, Richard Crossland admitted that his father made the executive decisions for both companies, not him. 

    Statements from employees and financial records uncovered by investigators supported the claims that Leslie Crossland was responsible for the management of both companies despite his disqualification. 

    R&L entered liquidation in May 2019. Richard Crossland failed to provide accounting records to the liquidator on request, committing an offence under the Companies Act in the process. 

    Liquidators were appointed for BMS in August 2022. 

    Leslie Crossland was declared bankrupt in January 2020. Both him and his son had outstanding debts to a fellow electrical company of more than £40,000. 

    Two months after his bankruptcy, Leslie Crossland failed to inform the Official Receiver that he had drawn down on four of his pensions just months before his bankruptcy, with money transferred to his own account and £9,000 paid to his wife to buy a car. 

    He signed documents stating he had not transferred, sold or given away any of his personal possessions or business assets in the previous five years.  

    Similarly, he also declared that he did not have any personal pension arrangements.  

    These inaccurate declarations, referred to in this case as failing to inform the Official Receiver of the disposal of property, were found to be offences under the Insolvency Act 1986. 

    Leslie and Richard Crossland were each disqualified as company directors again in 2020, this time for the maximum 15 years and 11 years respectively. 

    Ashley Crossland, the wife of Richard Crossland, was handed a two-year conditional discharge for also assisting Leslie Crossland in breaching his director ban. The 35-year-old, of Marsala Walk, Darfield, Barnsley, was the director of R&L between September 2016 and January 2018. 

    Further information 

    • Leslie Crossland is of Netherfield Croft, Shafton, Barnsley. His date of birth is 12 October 1949 
    • Sentenced for: Acting as a director or in the management of a company whilst disqualified contrary to section 13 of the Company Directors Disqualification Act 1986; and failing to disclose to the Official Receiver disposal of property contrary to section 353(1)(b) of the Insolvency Act 1986 
    • Richard Crossland is of Netherfield Croft, Shafton, Barnsley. His date of birth is 28 December 1979 
    • Sentenced for: Aiding and abetting Leslie Crossland to commit the offence of acting as a director or in the management of a company, whilst he was disqualified from doing so contrary to section 8 of the Accessories and Abettors Act 1861; and failing to keep adequate accounting records contrary to section 387 of the Companies Act 2006 
    • Ashley Crossland is of Marsala Walk, Darfield, Barnsley. Her date of birth is 6 May 1989 
    • Sentenced for: Aiding and abetting Leslie Crossland to commit the offence of acting as a director or in the management of a company, whilst he was disqualified from doing so contrary to section 8 of the Accessories and Abettors Act 1861 
    • R&L Electrical Engineers Ltd (company number 10363568) 
    • R&L (BMS) Installations Ltd (company number 11700997) 
    • Individuals subject to a disqualification order or undertaking are bound by a range of restrictions 
    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Australia: Universities Australia Solutions Summit

    Source: Australia Government Ministerial Statements

    Thank you for the opportunity to speak here again tonight.

    It’s a real privilege.

    We are now on the cusp of a federal election.

    And so, I think it is probably appropriate to talk tonight about where we have come over the last few years, and what comes next.

    I think you know me now and what drives me.

    You know I think we have got a good education system, but it can be a lot better and a lot fairer.

    And I want to make it better and fairer.

    The first time I spoke here I told you my own story. How I was the first person in my family to finish high school or even finish year 10.

    How that wasn’t really an option for people like my mum and dad when they were growing up.

    How much we have changed since then.

    And how that change still hasn’t reached into every corner of this country or every home.

    I talked about the fact that almost one in two Australians in their 30s today have a uni degree, but not everywhere.

    Not where I grew up. Not amongst poor kids. Not in our outer suburbs or in the regions.

    And how I want to do something about this.

    I also made the point that fixing this doesn’t start and end at university.

    How we have got to reform our entire education system.

    There’s a pretty simple reason for that.

    It’s because the same people who aren’t at your universities are the same people who aren’t finishing high school.

    And they are the same people who are falling behind in primary school. And never catch up.

    A lot of those kids also start school behind.

    And a lot of them have never set foot in a child care centre or a pre-school at all.

    It is all connected.  

    If we are going to fix this, we have to fix all of this.

    Not just because of the individual lives this will change.

    But something bigger than that.

    A good education changes lives.

    A good education system changes countries. It’s changed ours.

    If you want the proof of that think about what’s happened in our own lifetimes.

    The big reforms of Bob Hawke and Paul Keating weren’t just Super, Medicare or floating the dollar.

    Under them the percentage of people who finished high school basically doubled.

    From 40 percent to almost 80 percent.

    One of the real privileges of being a Labor MP is I got to meet Bob and talk to him.

    And he used to talk to me about this, a lot.

    It was one of the things he was proudest of.

    Because he knew what it did. Not just the lives it changed.

    The businesses it helped create. The economy it helped build.

    It was real microeconomic reform.

    We’re a stronger and wealthier and a better country today than we were back when I was a kid, and education is one the reasons for that.

    It’s the fuel in the tank.

    What the Accord tells us is that the tank is only half full.

    That there is more that we have to do.

    That by the middle of this century we are going to need a workforce where 80 percent haven’t just finished school, but they’ve got a trade certificate or a diploma or a uni degree as well.

    That’s a big change.

    And that means reform.

    To build the education system Australia needs.

    Two and a half years ago, or so, when I got this job, this is what we were faced with.

    Child care costs had skyrocketed. Up 49 percent over 10 years. Double the OECD average.

    Child care workers were leaving in droves.

    So were school teachers.

    Billions had been ripped out of our public schools. And if you doubt me let me point you the 2014 Budget Overview, page 7. There it is in black and white.

    Nothing had been done to reform what was happening in our schools.

    The number of kids finishing high school was falling. Not everywhere. In particular in public schools.

    School teachers were being called duds and university students were being ignored.

    A lot has happened since then.

    In the last two years we have cut the cost of childcare for more than 1 million families nationwide.

    Now there are more kids in early education than ever before. 100,000 more.

    Child care workers are also getting a 15 percent pay rise. Getting the sort of wage they deserve.

    And guess what, applications are up and vacancies are down. People are coming back. Turns out when you pay people more, more people want to do the job.

    A couple of weeks ago something else really important happened.

    We passed laws through this place that will change the lives of some of the most disadvantaged children in Australia.

    The sort of children who need access to early education the most and are the least likely to get it.

    The sort of children who, because of no fault of their own, start school behind most of their classmates, because their parents don’t meet the requirements of something called the Activity Test, put in place by the last Liberal Government.

    The legislation we passed a few weeks ago gets rid of that test and replaces it with a three day guarantee.

    A guarantee of three days a week of government supported early education and care for every child who needs it.

    No one blinks when you say every child has a right to go to school and government has a responsibility to help fund it.

    The same has got to be true today for early education.  That doesn’t mean it should be compulsory. But it should be there for every parent who wants it and every child who needs it.

    To help make sure they start school ready to go. Ready to learn.

    That’s the sort of reform that changes lives. The sort of reform only Labor Governments do. And that our country needs.

    Next is schools. What our schools need.

    If we are going to hit that 80 percent target we need more people to finish school.

    For most of the last decade things have been going in the wrong direction.

    The number of students finishing school dropped. From 83 percent to 73 percent. That’s in public schools.

    Last year, for the first time in about 10 years, that percentage went up. A bit. That’s a good sign, but there is a long way to go.

    And that’s what the agreements I have struck with States and Territories across the country are all about.

    They set a target that by 2030 the proportion of students finishing high school will be the highest it has ever been.

    To do that we need to fix the funding of our public schools. But not just that. That funding needs to be tied to the sort of reforms that will help young people who fall behind to catch up and keep up and finish school.

    Things like evidenced-based teaching.

    Things like phonics checks and numeracy checks in Year 1 to identify kids who need additional help.

    And then making sure they get the help they need through individualised support, things like catch-up tutoring.

    I have signed agreements now with Western Australia, South Australia, Victoria, Tasmania, with the ACT and the NT.

    And I want to do the same with Queensland and NSW.

    This is the biggest new investment by an Australian Government in public schools ever.

    And it’s the biggest reform to school education in decades.

    I am telling you this, because all of this is an indispensable part of making the Accord a reality.

    Here tonight is Professor Mary O’Kane and I want to pay tribute to you again Mary.

    You have provided us with a blueprint for how we can reform higher education.

    It’s big. Bigger than one government. 47 recommendations.

    But we have already bitten off a big chunk of it. 31, in part or in full.

    That includes things like Paid Prac for teachers and nurses, midwives and social work students. That starts on 1 July.

    A massive expansion of enabling courses. To help get people started. That’s already started.

    More than doubling the number of study hubs. In the bush and now the suburbs. All of these will be open this year.

    On the weekend, as part of our announcement to help more Australians see a GP for free, we also announced funding to train more GPs.

    Part of that is more Commonwealth Supported Places.

    It’s all part of the biggest GP training program in Australian history.

    We have also fixed the way student debt is indexed. That’s cut the debt of three million Australians by more than $3 billion in December last year.

    And if we win the election, we will cut everyone’s student debt by a further 20 percent.

    It means for someone with an average student debt today of 27 grand, we will cut their debt by another $5,500. That’s a lot.

    The first time I spoke at this dinner I talked about the fact that universities aren’t just places where people study or work. They are also places where people live.

    And I talked about sexual assault on campus and in student accommodation.

    For years organisations like End Rape on Campus have been asking for someone to listen. For someone to act.

    Asking for a dedicated Ombudsman.

    The Accord recommended it. And now it exists.

    Sarah Bendall, is the first National Student Ombudsman.

    Sarah’s powers are real. Like a Royal Commission. And the scope of what she covers is broad. Not just sexual violence. It covers antisemitism and all forms of racism. It covers the quality of the education and services students receive as well.

    And I hope you will see the work that Sarah and her team will do as an asset. Helping to make sure students are safe and get the education they are paying for.

    I also want to recognise in the room tonight the new Chief Commissioner of TEQSA, Professor Kerri-Lee Krause and congratulate her on her recent appointment, and acknowledge TEQSA’s CEO, Dr Mary Russell and thank you for the work that you are doing.

    Just one example of that is the roundtable we held earlier today with university leaders focussed on ongoing action to ensure universities are safe places for students and staff.

    There is also another big piece of work that has just kicked off on improving university governance.

    It was a recommendation of the Accord.

    I have set up an Expert Council that will look at everything from how universities pay staff, to the remuneration settings of senior university staff, and report to Education Ministers later this year.

    On international education, the Accord recommended a fund that universities would have to chip into based on the revenue they make.

    We opted not to do that.

    I proposed a cap. The Liberal Party opted not to do that.

    So instead, we have got rid of Ministerial Direction 107 and replaced it with something else.

    Something that is better and fairer.

    Something that makes sure it’s not just the big universities that get the benefit of international education.

    I get how contentious this is.

    How important this revenue is.

    But it is not the main game.

    What I am focused on, what I want all of us to focus on is how we build the sort of education system that Australia needs. That Australians need.

    I spoke a moment ago about how we are building an early education system based on need.

    And how we are fixing the funding of public schools so they are fully funded based on need.

    And we need to apply the same model to universities.

    That’s what the Accord recommended, and that’s what I announced in December last year.

    For the first time real demand driven needs-based funding for universities. Where the money follows the student.

    The evidence tells us that students in the bush and regions, students from disadvantaged backgrounds, are less likely to finish their uni degree than other students.

    This is designed to fix that.

    This, and the changes to the funding system that start next year, and all the other reforms we are funding already, add up to an extra $6.7 billion injection into higher education over the next decade.

    The Accord also recommended something else. Something to make sure that it doesn’t gather dust or a future government doesn’t just forget about it.

    It recommended an ATEC. An Australian Tertiary Education Commission. An independent body to help drive and steer reform over the long term. Help break down the barriers between TAFE and university. Help implement the funding model and provide advice on pricing and a lot more.

    If we win the election, I will introduce legislation in the second half of this year to formally establish the ATEC and I want it fully operational by this time next year.

    But I can announce tonight the team I have appointed to get it up and running on an interim basis from the 1st of July this year.

    The interim Chief Commissioner will be Professor Mary O’Kane, and she will be supported by Jobs and Skills Australia Commissioner, Barney Glover and Distinguished Professor Larissa Behrendt.

    I am getting the band back together.

    The people who wrote the Accord will help to make it real.

    I started tonight by saying that we are on the cusp of an election. 

    I want to end by saying thank you. 

    Nothing is certain or permanent. 

    None of us are in these jobs forever.

    But for the last two and a half years or so it has been a real privilege to work with you. 

    The UA campaign is right.

    Universities do matter. To all of us. 

    A few days ago, I met a young woman called Narges. 

    She is a refugee from Afghanistan. 

    She fled to Pakistan when Kabul fell a few years ago.

    About 18 months ago she made it here. 

    She now lives in Mt Druitt in western Sydney. 

    She speaks six languages. 

    The sixth is English. 

    She’s learnt it in the last year, at TAFE. 

    Last year she also completed a diploma in community service. 

    Next week she starts at Western Sydney University. She’s going to study social work. 

    Think about that. 

    After fleeing a country where girls can’t even go to school anymore. 

    Just imagine what this young woman is capable of, and what will happen next in her life, with your help. 

    The lives she will change. 

    Now imagine a million more stories just like that. 

    That’s what you do. 

    Change lives.  

    Change countries. 

    We are the best country in the world, but we can be even better. 

    And you are an indispensable part of making that a reality. 

    Turning the country of our imagination into something real. 

    That’s exciting. 

    That’s why I love this job. 

    And I really look forward to addressing this gala dinner again, this time next year.
     

    MIL OSI News

  • MIL-OSI United Kingdom: Budget: Greens secured vital action for people and planet

    Source: Scottish Greens

    The Scottish Greens have secured investment in our climate and communities.

    The Scottish Greens have secured cheaper bus travel, expanded free school meals and increased funding for schools, says the party’s finance spokesperson Ross Greer ahead of the final budget vote taking place today.

    Through budget negotiations the Scottish Greens secured record investment in climate action, more money for local services including schools, social care and bin collections, free ferry travel for young islanders and free bus travel for people seeking asylum.

    The party also secured the expansion of free school meals for thousands more S1-S3 pupils, more funding for nature restoration and a year-long trial where bus fares in one region of the country will be capped at £2. They also increased the tax paid when buying a second or holiday home, giving a boost to first-time home buyers and raising more money for public services.

    Mr Greer said:

    “More children will be fed and lifted out of poverty, buses will be cheaper and nature will be protected because of Scottish Green MSPs.

    “We want to build a fairer and greener Scotland where no child is hungry at school and where public transport is always affordable and accessible. This budget is an important step in that journey.

    “Scotland’s Green MSPs worked to deliver record funding for nature restoration, building on the huge progress we delivered when we were in government. That money will create more well-paid jobs across the country, especially in rural communities.”

    Mr Greer added:

    “There is a stark contrast between what Green MSPs have achieved and the antics of Scottish Labour, who asked for nothing and got nothing.

    “Other parties may have been happy to play silly games, but the Scottish Greens worked to support families in poverty, create jobs and protect the world around us.”

    MIL OSI United Kingdom

  • MIL-OSI Russia: Trends of Literate People: State University of Management Conducts Financial Security Lessons

    Translartion. Region: Russians Fedetion –

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

    Recently, financial fraudsters have become more active, actively using not only artificial intelligence, but also modern achievements of social engineering to involve young people in their criminal schemes. The onslaught of fraudsters can only be effectively countered by raising public awareness in the field of financial security, legal, economic and financial literacy.

    The traditional lesson on financial security, which has been the first stage of the International Financial Security Olympiad for several years, is aimed at developing critical thinking skills and raising awareness among young people about threats to financial security. This year, the lesson is called “Not Child’s Play: 2.0. Drop Against Your Will” and is dedicated to issues of involving young people in schemes for cashing out funds obtained through criminal means.

    The State University of Management, as an active participant of the International Network Institute in the field of AML/CFT, did not remain aloof from conducting the lesson. On February 18, Deputy Head of the Department of Finance and Credit of the Institute of Economics and Finance of the State University of Management, PhD in Economics, Associate Professor Valentina Polyakova conducted a lesson with 10th-grade students of School No. 1935 of the socio-economic and technological profile.

    On February 20 and 21, Galina Sorokina, Director of the Institute of Economics and Finance, together with specialists from the Center for Inter-Olympiad Training of Schoolchildren and Students of the P.N. Lebedev Physical Institute of the Russian Academy of Sciences, organized a training seminar on conducting a thematic lesson on financial security and preparing schoolchildren for the V International Olympiad on Financial Security for teachers of the DPR, LPR, Kherson and Zaporizhia regions.

    And this Wednesday, February 26, at 11:30, you will be able to join the lesson conducted by the Director of the Institute of Economics and Finance Galina Sorokina for students of the Pre-University of the State University of Management, using the link to the broadcast on the official channel of the State University of Management on Rutube.

    We remind you that from February 1 to 28, the invitational stage of the V International Financial Security Olympiad is taking place on the Sodruzhestvo platform. First of all, students in grades 8-11 and undergraduates are invited to participate. Upon completion of the stage, participants who have completed the tasks will receive a certificate. To participate, you must register on the Sodruzhestvo platform.

    Subscribe to the tg channel “Our State University” Announcement date: 02/25/2025

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

    MIL OSI Russia News

  • MIL-OSI Economics: Development Asia: Expanding Access to Housing in Uzbekistan through Market Reforms

    Source: Asia Development Bank

    Through the Mortgage Market Sector Development Program, ADB is providing a $50-million policy-based loan to support mortgage market reforms that will economize the government’s housing subsidy and policy framework and create a conducive environment and infrastructure for market-based mortgage lending. It is also providing a $300-million financial intermediation loan to finance the country’s new mortgage refinancing company that enables domestic commercial banks to provide residential mortgage and housing improvement loans. A technical assistance grant of $800,000 supports the implementation of the program.

    Strengthening the policy, regulatory, and legal framework. Findings from a review of the policy, regulatory, and legal framework for the mortgage finance sector and housing market assessment formed the basis for the design of the program. The study recommended that subsidy arrangements be revised to ensure that higher subsidies are provided to lower income households and regressive subsidies are changed.

    Improving the housing strategy and subsidy framework. ADB provided the Ministry of Economy and Finance recommendations on revising the housing finance and subsidy approach as a result of which the government adopted series of changes to enable gradual transformation of state housing programs toward a market-based principles and improving the subsidy targeting.

    Establishing and operationalizing a wholesale mortgage refinance company. The government established the Uzbekistan Mortgage Refinancing Company with ADB support and equity investment from government and commercial banks. It provides banks with access to local currency long-term funding. The company prefinances and refinances eligible mortgage loans and housing improvement loans issued by participating banks at an interest rate close to market rates.

    To support operationalization of the company, the project tapped the Frankfurt School of Finance & Management and its consulting team of experts, most of them active and retired CEOs and board chairpersons of international and national mortgage refinance corporations including from Armenia, France, Malaysia, and Pakistan. The team prepared the company’s business plan, human resources plan, legal framework, institutional arrangement, internal policies and procedures, list of products and services, and risk management plan. The government believed that the first CEO of the mortgage refinancing company was of utmost importance to building everyone’s confidence in this new institution and was directly involved in vetting and hiring the CEO.

    Expanding and improving data collection. The project supported work on improving housing statistics, introducing a housing price index in Uzbekistan, and developing a mortgage market database and website. International experts provided in-person and on-line training to ministries, banks, and other stakeholders. A new system was introduced to collect housing sector data (i.e., mortgage loans by type, terms, program and other categories) through updates to the annual statistical reporting forms for commercial banks. The collected data is also shared with the Ministry of Finance.

    MIL OSI Economics

  • MIL-OSI: Municipality Finance issues EUR 15 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    25 February 2025 at 10:00 am (EET)

    Municipality Finance issues EUR 15 million notes under its MTN programme 

    Municipality Finance Plc issues EUR 15 million notes on 26 February 2025. The maturity date of the notes is 26 February 2036. MuniFin has a right, but no obligation, to redeem the notes early on 26 February 2026. The notes bear interest at a fixed rate of 3.51% per annum until 26 February 2026, after which the interest is paid at 3.25% per annum, unless MuniFin redeems the notes early.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 26 February 2025.

    Barclays Bank Ireland PLC acts as the dealer for the issue of the notes. 

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet totals over EUR 53 billion.
    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.
    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.
    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. 
    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI: New Application Extends Zscaler Exposure Management Solution, Providing a Single Platform for Asset Risk Management, Prioritization and Quantification

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced the introduction of Zscaler Asset Exposure Management, designed to advance how organizations manage their asset risk, commonly referred to as Cyber Asset Attack Surface Management (CAASM). Serving as a critical foundation for Zscaler’s broader Continuous Threat Exposure Management (CTEM) offerings, this innovative solution consolidates and correlates data from a vast array of sources to deliver to organizations a precise inventory of assets and visibility into their security gaps to mitigate cyber risk.

    Organizations often struggle to maintain an accurate inventory of their assets. As a result, IT and security teams resort to spending hours using spreadsheets to track assets, making it difficult to assess the risks these assets pose and to prioritize remediation efforts. This issue is particularly pressing in regulated industries, such as healthcare and financial services, where non-compliance can result in significant fines.

    Built on Zscaler’s powerful Data Fabric for Security, Zscaler Asset Exposure Management integrates and correlates data from hundreds of sources, including Zscaler’s cloud security platform providing organizations with a comprehensive and accurate inventory of their assets and their risk. Zscaler’s Zero Trust Exchange platform processes over 500 billion security transactions daily, offering a comprehensive view of customer assets and associated risks. With more than 50 million devices using Zscaler agents to collect and share telemetry, the platform provides in-depth visibility into assets operating in branches and factories through the Zero Trust Branch solution. Additionally, it delivers insights into workloads in multi-cloud environments via the Zero Trust Cloud solution. This breadth of data delivers more effective security outcomes.

    Zscaler Asset Exposure Management offers comprehensive asset risk management, enabling organizations to:

    • Create an Accurate Asset Inventory: Aggregate and deduplicate data from multiple sources to provide a comprehensive view of assets and their associated software stacks.
    • Identify Coverage Gaps: Detect assets lacking essential security measures, such as missing Endpoint Detection and Response (EDR) solutions or outdated software versions.
    • Enhance Data Accuracy: Improve data hygiene by automatically updating Configuration Management Databases (CMDB) and resolving data discrepancies across systems.
    • Mitigate Risks: Trigger automated remediation workflows and policy adjustments to restrict access for users associated with risky assets, thereby immediately lowering enterprise risk.

    Together with Zscaler Risk360 and Unified Vulnerability Management, this new CAASM offering provides customers with a comprehensive solution for more effective exposure management.

    “Managing the security stack on our endpoints has been a labor-intensive task for our team,” said Mike Melo, CISO of LifeLabs. “Previous CAASM tools lacked the policy management features we needed to pinpoint risky or non-compliant assets. With this new software, we expect to save hundreds of hours of manual work, and because it’s built on the Zscaler Data Fabric for Security, which is already serving our exposure management program, we’ll see value in just a week, with no extra effort required.”

    “Companies have struggled for decades with the fundamental question of how many assets they actually have and what risk they pose to the business,” said Adam Geller, Chief Product Officer, Zscaler. “The unmatched data set of 500 billion daily transactions from the Zscaler platform, combined with data from third-party sources, provides our customers with a unique advantage in identifying asset risk. By aggregating and synthesizing this data for additional context, we deliver more complete insights and empower our customers to make better decisions.”

    “Zscaler is integrating its own unique telemetry alongside the data aggregated from third-party sources,” said Michelle Abraham, senior research director, Security and Trust at IDC. “The Data Fabric for Security’s ability to synthesize, normalize, and enrich this data brings depth to asset visibility and security insights providing Zscaler with a foundational product for improving organizational cyber hygiene.”

    To learn more about Zscaler Asset Exposure Management, please visit zscaler.com/ctemlaunch.

    About Zscaler
    Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.
    Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

    Forward-Looking Statements

    This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements include the expected benefits of the new Zscaler Asset Exposure Management solution to Zscaler’s customers. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release, including those factors related to our ability to successfully implement and deploy the Zscaler Asset Exposure Management solution across platforms and to improve efficiency and cost savings for our customers. Additional risks and uncertainties are set forth in our most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on December 5, 2024, which is available on our website at ir.zscaler.com and on the SEC’s website at www.sec.gov. Any forward-looking statements in this release are based on the limited information currently available to Zscaler as of the date hereof, which is subject to change, and Zscaler will not necessarily update the information, even if new information becomes available in the future.

    Media Contact:
    Zscaler PR
    Nick Gonzalez
    press@zscaler.com

    The MIL Network