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Category: Economy

  • MIL-OSI: Notice of the Annual General Meeting of WithSecure Corporation

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Stock Exchange Release, 12 February 2025, 10:00 EET

    Notice of the Annual General Meeting of WithSecure Corporation                                                   

    The shareholders of WithSecure Corporation are invited to the Annual General Meeting, which will be held on Tuesday, 18 March 2025 starting at 3:00 p.m. EET.

    The meeting will be held as a hybrid meeting in accordance with chapter 5, section 16(2) of the Finnish Limited Liability Companies Act (624/2006, as amended, the ‘Companies Act’), so that shareholders may exercise their shareholder rights fully during the meeting either via remote connection or at the meeting venue at event venue Bysa in Clarion Hotel Helsinki at the address Tyynenmerenkatu 2, 00220 Helsinki. Shareholders may also exercise their voting rights by voting in advance.

    The reception of persons who have registered for the meeting and the pre-meeting coffee service will commence at the meeting venue at 2:15 p.m. EET. The participants of the General Meeting are welcome to enjoy meeting refreshments before the meeting. Instructions concerning participation via remote connection are provided in section C. 2. of this notice and instructions concerning advance voting in section C. 3.

    After the meeting, the participants of the General Meeting have the opportunity to participate in guided tours at the Museum of Malware Art and the new office premises, both of which are located at the Company headquarters at the address Välimerenkatu 1, 00180 Helsinki.

    A. Matters on the agenda of the General Meeting

    1. Opening of the meeting

    2. Calling the meeting to order

    3. Election of the person to scrutinise the minutes and to supervise the counting of votes

    4. Recording the legality of the meeting

    5. Recording the attendance at the meeting and adoption of the list of votes

    6. Presentation of the annual accounts, the consolidated annual accounts, the report of the Board of Directors as well as the auditor’s report and the assurance report on sustainability reporting for the year 2024

    The CEO will give a review of the year 2024 and tell about the Company’s prospects for the year 2025.

    WithSecure Corporation’s annual review, including WithSecure Corporation’s annual accounts, consolidated annual accounts, report of the Board of Directors as well as the auditor’s report and the assurance report on sustainability reporting, shall be available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance as of 12 February 2025.

    7. Adoption of the annual accounts and the consolidated annual accounts

    The Board of Directors proposes that the General Meeting adopts the annual accounts and the consolidated annual accounts for the financial year 1 January 2024–31 December 2024.

    8. Resolution on the use of the loss shown on the balance sheet and the distribution of dividend

    The Company’s dividend policy is to pay approximately half of its profits as dividends. Subject to circumstances, the Company may deviate from this policy. On 31 December 2024, WithSecure Corporation’s distributable funds totalled EUR 77.5 million of which the net result for the financial year was EUR -44.0 million. No material changes have taken place in the Company’s financial position after the end of the financial period.

    The Board of Directors proposes that no dividend will be paid for 2024 due to the loss-making result of the year. The Company will focus on funding its growth and developing the business. The net loss for the year is retained in the shareholders’ equity.

    9. Resolution on the discharge of the members of the Board of Directors and the CEO from liability

    10. Consideration of the remuneration policy for governing bodies

    The previous specified version of the remuneration policy has been considered and approved as an advisory resolution by the Annual General Meeting on 24 March 2021.

    The remuneration policy for governing bodies shall be available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance as of 12 February 2025 at the latest.

    11. Consideration of the remuneration report for governing bodies

    The remuneration report for governing bodies shall be available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance on 12 February 2025 at the latest.

    12. Resolution on the remuneration of the members of the Board of Directors

    The Board of Directors proposes upon recommendation of the Personnel Committee that the annual remuneration of the Board of Directors shall remain unchanged and be paid as follows: EUR 80,000 for the Chairman of the Board of Directors, EUR 48,000 for the Committee Chairmen, EUR 38,000 for the members of the Board of Directors and EUR 12,667 for a member of the Board of Directors employed by the Company. Approximately 40% of the annual remuneration be paid as the Company’s shares acquired on the Board members’ behalf. The commission for acquiring the Company shares will be given immediately after the publication of the interim report for the period 1 January–31 March 2025. The Company will be responsible for the possible transaction costs and possible transfer tax levied in connection with purchase of the shares.

    According to the proposal, the travel expenses and other costs of the members of the Board of Directors directly related to board work are paid in accordance with the Company’s compensation policy in force from time to time. Each member of the Board of Directors is paid a predetermined travel fee in addition to travel expenses for meetings held outside their country of residence in accordance with the Company’s travel policy in force from time to time. According to the travel policy, a separate travel fee of EUR 1,000 is paid to the members of the Board of Directors who travel from another European country to attend an on-site meeting. The travel fee is EUR 2,000 for intercontinental travel. No separate travel fee is paid to a member of the Board of Directors employed by the Company. In addition, the Chairman of the Board of Directors is offered assistant and administrative services.

    13. Resolution on the number of members of the Board of Directors

    The Board of Directors proposes upon recommendation of the Personnel Committee that the number of members of the Board of Directors be seven (7).

    14. Election of members of the Board of Directors

    The Board of Directors proposes upon recommendation of the Personnel Committee that Risto Siilasmaa, Amanda Bedborough, Niilo Fredrikson, Ciaran Martin, and Tuomas Syrjänen are to be re-elected as ordinary members of the Board of Directors and that Mervi Kerkelä-Hiltunen and Artturi Lehtiö, who is employed by WithSecure Corporation, are to be elected as new members of the Board of Directors. Of the current Board members, Harri Ruusinen and Kirsi Sormunen have stated that they will no longer be available as Board members.

    The Board member candidates’ CVs and assessments of independence are available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance.

    15. Resolution on the remuneration of the auditor

    The Board of Directors proposes upon recommendation of the Audit Committee that the remuneration to the auditor be paid in accordance with the approved invoice.

    16. Election of the auditor

    The Board of Directors proposes upon recommendation of the Audit Committee that audit firm PricewaterhouseCoopers Oy be re-elected as auditor of the Company. PricewaterhouseCoopers Oy has stated that Mr Jukka Karinen, APA, will act as the responsible auditor.

    17. Resolution on the remuneration of the authorised sustainability auditor

    The Board of Directors proposes upon recommendation of the Audit Committee that the remuneration of the authorised sustainability auditor be paid in accordance with the approved invoice.

    18. Election of the authorised sustainability auditor

    The Board of Directors proposes upon recommendation of the Audit Committee that PricewaterhouseCoopers Oy be elected as the Company’s authorised sustainability auditor. PricewaterhouseCoopers Oy has stated that Mr Jukka Karinen, ASA, will act as the responsible authorised sustainability auditor.

    19. Authorising the Board of Directors to resolve on the repurchase of the Company’s own shares

    The Board of Directors proposes that the General Meeting authorise the Board of Directors to resolve upon the repurchase of a maximum of 17,609,870 of the Company’s own shares in total. The proposed maximum amount equals to approximately 10% of all the shares in the Company, in one or several tranches with the Company’s unrestricted equity.

    The authorisation entitles the Board of Directors to resolve on the repurchase also in deviation from the proportional holdings of the shareholders (directed repurchase). The authorisation comprises the repurchase of shares either in the public trading or otherwise in the market at the trading price determined for the shares in public trading on the date of purchase, or with a purchase offer to the shareholders, in which case the repurchase price must be the same for all shareholders. The Company’s own shares shall be repurchased to be used for carrying out acquisitions or implementing other arrangements related to the Company’s business or for optimising the Company’s capital structure, to be used as part of the implementation of the Company’s incentive scheme or otherwise to be transferred further or cancelled. The authorisation includes the right of the Board of Directors to resolve on all other terms related to the repurchase of the Company’s own shares.

    The Board of Directors proposes that the authorisation be valid until the conclusion of the next Annual General Meeting, in any case no later than until 30 June 2026. The Board of Directors proposes that this authorisation terminate the authorisation given to the Board of Directors by the Annual General Meeting of 20 March 2024 concerning the repurchase of the Company’s own shares.

    20. Authorising the Board of Directors to resolve on the issuance of shares as well as the issuance of options and other special rights entitling to shares

    The Board of Directors proposes that the General Meeting authorise the Board of Directors to resolve on the issuance of a maximum of 17,609,870 shares in total through a share issue as well as by issuing options and other special rights entitling to shares pursuant to chapter 10, section 1 of the Companies Act in one or several tranches. The proposed maximum number of the shares corresponds to approximately 10% of all shares in the Company.  The authorisation concerns both the issuance of new shares and the transfer of treasury shares held by the Company.

    The authorisation entitles the Board of Directors to resolve on all terms related to the share issue as well as the issuance of options and other special rights entitling to shares. The issuance of shares may be carried out in deviation from the shareholders’ pre-emptive subscription right (directed issue). The authorisation may be used for potential acquisitions or other arrangements, for share-based incentive schemes or otherwise for purposes resolved by the Board of Directors. Of the authorisation, a maximum of 2,000,000 shares may be used as part of the above-mentioned share-based incentive schemes, which corresponds to approximately 1% of all shares in the Company.

    The Board of Directors proposes that the authorisation be valid until the conclusion of the next Annual General Meeting, in any case no later than until 30 June 2026. The Board of Directors proposes that this authorisation terminate the authorisation given to the Board of Directors by the Annual General Meeting of 20 March 2024 concerning the issuance of shares as well as the issuance of options and other special rights entitling to shares.

    21. Closing of the meeting

    B. Documents of the General Meeting

    The resolution proposals for the matters on the agenda of the General Meeting mentioned above and this notice are available on WithSecure Corporation’s website at www.withsecure.com/en/about-us/investor-relations/governance. WithSecure Corporation’s annual review including the Company’s annual accounts, consolidated annual accounts, the report of the Board of Directors as well as the auditor’s report and the assurance report on sustainability reporting, as well as the remuneration policy and remuneration report for WithSecure Corporation’s governing bodies are available on said website 12 February 2025 at the latest. The resolution proposals and other documents mentioned above will also be made available at the General Meeting.

    The minutes of the General Meeting will be available on the above-mentioned website at the latest on 1 April 2025.

    C. Instructions for the participants in the General Meeting

    1. Shareholders registered in the shareholders’ register

    Each shareholder who is registered on 6 March 2025, the record date of the General Meeting, in the shareholders’ register of the Company held by Euroclear Finland Oy, has the right to participate in the General Meeting. A shareholder whose shares are registered on the shareholder’s Finnish book-entry account is registered in the shareholders’ register of the Company.

    Changes in shareholding after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of voting rights.

    Registration for the General Meeting begins on 13 February 2025 at 10:00 a.m. EET. A shareholder whose shares are registered on the shareholder’s Finnish book-entry account and who wishes to participate in the meeting must register for the meeting at the latest on 11 March 2025 at 4:00 p.m. EET, by which time the notice of participation must be received by the Company. Shareholders can register for the meeting by one of the following means:

    1. Online through the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance. Online registration requires strong electronic identification from the shareholder or the shareholder’s statutory representative or proxy representative using Finnish, Swedish or Danish online banking credentials or a mobile certificate.
    2. By email to the address agm@innovatics.fi or by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki. The registering shareholder must include in the registration the registration form and advance voting form available on the Company’s website www.withsecure.com/en/about-us/investor-relations/governance or equivalent information.

    The requested information, such as the shareholder’s name, date of birth or business ID, contact information as well as the name of the shareholder’s possible assistant and/or proxy representative and date of birth of proxy representative as well as telephone number and/or email address of proxy representative must be provided in connection with the registration. The personal data disclosed by the shareholders to WithSecure Corporation or Innovatics Ltd will only be used in connection with the General Meeting and the processing of related necessary registrations.

    It must also be stated in connection with the registration whether the shareholder or the shareholder’s proxy representative will participate in the General Meeting at the meeting venue or via remote connection. Instructions concerning remote participation are provided in section C. 2. of these instructions.

    Upon request, shareholders, their representatives, or proxy representatives must be able to prove their identity and/or right of representation at the meeting venue.

    Additional information on registration, remote participation and advance voting is available by telephone at +358 10 2818 909 during the registration period of the General Meeting between 9:00 a.m. and 12:00 p.m. EET and between 1:00 p.m. and 4:00 p.m. EET on weekdays.

    2. Remote participation in the meeting

    Shareholders who have the right to participate in the General Meeting may participate in the meeting and exercise their shareholder rights fully during the meeting either at the meeting venue or via remote connection.

    A notice given by shareholders or proxy representatives that they will participate in the General Meeting via remote connection is binding, and after the end of the registration period the shareholders or proxy representatives do not have the right to change their means of participation or participate in the meeting at the meeting venue. However, a notice of participation via remote connection given by a shareholder’s proxy representative does not limit the right of the shareholder’s other proxy representatives to participate in the meeting at the meeting venue.

    The remote connection to the General Meeting will be implemented through Inderes Oyj’s virtual AGM service using the Videosync platform, which includes video and audio access to the General Meeting. Using the remote connection does not require software or downloads subject to a charge. In addition to an internet connection, participation requires a computer, smartphone or tablet with speakers or headphones for audio playback as well as a microphone for oral questions and comments. The following browsers are recommended for remote participation: Chrome, Firefox, Edge, Safari, or Opera. Shareholders are responsible for their internet connections and devices during the meeting. In order to prepare for technical failures, it is recommended that shareholders who participate in the meeting remotely vote in advance.

    The participation link and password for remote participation will be sent by email and/or SMS to the email address and/or mobile phone number provided in connection with the registration by the day before the meeting, 17 March 2025 at the latest. It is recommended to log in to the meeting system in good time before the meeting starts.

    For more information on the AGM service, additional instructions for proxy holders representing more than one shareholder, contact details and instructions of the service provider in case of possible disruptions, please visit https://vagm.fi/support and a link to test the compatibility of your computer, smartphone or tablet with the internet connection can be found at https://b2b.inderes.com/fi/knowledge-base/yhteensopivuuden-testaaminen. It is recommended to consult the detailed attendance instructions before the start of the General Meeting.

    3. Advance voting

    A shareholder whose shares are registered on the shareholder’s Finnish book-entry account can vote in advance on certain matters on the agenda between 13 February 2025 at 10:00 a.m. EET and 11 March 2025 at 4:00 p.m. EET in the following ways:

    1. Online through the service available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance. Shareholders can sign into the advance voting service the same way as to the online registration service referred to above in section C. 1. a) of these instructions.
    2. By email or mail by sending the advance voting form available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance or corresponding information to Innovatics Ltd, by email to the address agm@innovatics.fi or by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki. Advance votes must be received before the advance voting period ends.

    A proposed resolution that is subject to advance voting is considered to be presented unchanged in the General Meeting, and the advance votes are taken into account in a vote at the real-time General Meeting also in circumstances where an alternative resolution has been proposed concerning the matter. Taking the votes into account requires that the shareholders who voted in advance are registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy on the record date of the General Meeting. Sending the votes in advance by mail or email so that they are received before the end of the time limit of the registration and advance voting period constitutes registration for the General Meeting, provided that the shareholder’s notice of participation includes the above information required for registration. Unless shareholders voting in advance participate at the General Meeting at the meeting venue in person or by way of proxy representation or participate in the General Meeting via remote connection, they will not be able to use their rights under the Companies Act to request information or a vote.

    Holders of nominee registered shares can vote in advance through their account operators. Account operators can vote in advance on behalf of the holders of nominee registered shares they represent in accordance with the shareholders’ voting instructions during the registration period applicable to holders of nominee registered shares.

    4. Holder of nominee registered shares

    A holder of nominee registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which the holder of nominee registered shares on the record date of the General Meeting, 6 March 2025, would be entitled to be registered in the shareholders’ register of the Company held by Euroclear Finland Oy. In addition, the right to participate requires that the holder of nominee registered shares be temporarily entered into the shareholders’ register held by Euroclear Finland Oy based on these shares at the latest by 13 March 2025 at 10:00 a.m. EET. As regards nominee registered shares, this constitutes due registration for the General Meeting. Changes in shareholding after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of voting rights.

    A holder of nominee registered shares is advised to request in good time the necessary instructions regarding the temporary registration in the shareholders’ register of the Company, the issuing of proxy documents and voting instructions, registration for the General Meeting, and advance voting from such shareholder’s custodian bank. The account management organisation of the custodian bank shall temporarily register a holder of nominee registered shares who wishes to participate in the General Meeting into the shareholders’ register of the Company at the latest by the time stated above. When necessary, the account management organisation of the custodian bank shall also arrange advance voting on behalf of the holder of nominee registered shares before the end of the registration period applicable to holders of nominee registered shares.

    A holder of nominee registered shares who has registered for the General Meeting may participate in the General Meeting at the meeting venue or via remote connection. Remote participation requires temporary entry into the shareholders’ register held by Euroclear Finland Oy and submission of an email address and telephone number of the holder of nominee registered shares by email to the address agm@innovatics.fi by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki before the registration period applicable to holders of nominee registered shares ends so that an attendance link and password can be sent to the holder of nominee registered shares for participating in the General Meeting remotely.

    5. Proxy representative and powers of attorney

    A shareholder may participate in the General Meeting and exercise the shareholder rights at the meeting by way of proxy representation. The proxy representative may also vote in advance in the manner instructed in section C. 3. of these instructions.

    The proxy representative shall produce a dated proxy document or power of attorney or otherwise in a reliable manner demonstrate such representative’s right to represent the shareholder at the General Meeting. If a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares in different book-entry accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the General Meeting. 

    A proxy template is available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance.

    Possible proxy documents are to be delivered primarily as an attachment in connection with the electronic registration, or alternatively by email to Innovatics Ltd to the address agm@innovatics.fi or by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki before the end of the registration period, by which time the proxy documents must be received. WithSecure Corporation may, if it so wishes, demand original proxy documents if regarded necessary by the Company.

    In addition to submitting a proxy document, shareholders or their proxy representatives shall ensure that they register for the General Meeting in the manner described above in section C. 1. of these instructions.

    If a proxy representative represents more than one shareholder at the General Meeting, it is recommended to vote in advance. Even if the proxy representative represents more than one shareholder at the General Meeting either at the meeting venue or via remote connection, only one attendance link and password will be provided to the proxy representative for all shareholders the proxy representative represents. The proxy representative will therefore not need to log into the service separately on behalf of each shareholder but shall ensure the exercise of shareholders’ rights by voting on behalf of each shareholder separately.

    A shareholder may authorise a proxy representative by using the Suomi.fi e-authorisation service as an alternative to a traditional proxy document. The proxy representative is authorised via the Suomi.fi service at www.suomi.fi/e-authorizations (authorisation for ‘Representation at the General Meeting’). When registering for the General Meeting service, the proxy representative must identify themselves by using strong electronic identification, after which the proxy representative can register and vote in advance on behalf of the shareholder the proxy representative represents. Strong electronic identification requires a Finnish bank ID or mobile certificate. For more information on e-authorisation, please see www.suomi.fi/e-authorizations.

    6. Other instructions and information

    The language of the General Meeting is Finnish.

    A shareholder present at the meeting has the right to ask questions referred to in chapter 5, section 25 of the Companies Act with respect to the matters to be considered at the General Meeting.

    On the date of this notice, Wednesday, 12 February 2025, the total number of shares in WithSecure Corporation is 176,098,739 shares, which represent an equal number of votes. On the date of this notice, the Company holds 81,890 treasury shares. Treasury shares do not produce any rights in the Company and do therefore not entitle to participation in the General Meeting.

    Helsinki, 12 February 2025

    WITHSECURE CORPORATION 
    Board of Directors

    Contact information:

    Tiina Sarhimaa, Chief Legal Officer
    WithSecure Corporation

    Laura Viita
    VP, Controlling, Investor relations and Sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    The MIL Network –

  • MIL-OSI USA: Seminar: Building an In-Space Circular Economy

    Source: US Government research organizations

    Credit: NOAA Office of Space Commerce

    Important note regarding inclement weather: If the U.S. government is closed or delayed, the ISAM Seminar will be postponed to a later date. Please contact Dianne Poster (dianne.poster [at] noaa.gov (dianne[dot]poster[at]nist[dot]gov)) or Carolyn Pace (carolyn.pace [at] noaa.gov (carolyn[dot]pace[at]noaa[dot]gov)) for further information. 

    The deadline for registration for in-person attendance for foreign nationals has passed.  At this time, only virtual attendance is available for foreign nationals.

    The NOAA Office of Space Commerce and NIST are hosting an event to explore the circular space economy. This innovative approach aims to utilize space-based resources sustainably by minimizing waste and maximizing the reuse and recycling of materials in space operations. As humanity expands its presence beyond Earth, this model becomes vital for reducing the need for costly resupply missions and mitigating the environmental impact of space activities.

    By rethinking how resources are extracted, processed, and reused in orbit, a circular space economy can enhance mission longevity and improve the efficiency of various space missions, including space station utilization, in-space manufacturing, satellite servicing, and establishing off-world habitats. This approach supports broader sustainability goals on Earth and addresses urgent challenges like orbital debris and resource scarcity, ensuring a responsible and thriving space industry for future generations.

    Attending this event is a crucial opportunity for policymakers, industry leaders, researchers, and entrepreneurs to engage in shaping the future of space sustainability. The event will showcase cutting-edge advancements, including in-orbit recycling technologies, sustainable satellite manufacturing practices, and innovative policies for managing shared space resources. It provides a platform for collaboration on scalable solutions, sharing ideas, and forging partnerships that drive economic growth and environmental stewardship in the growing space sector. Participants will gain valuable insights into how the circular space economy can tackle critical challenges, unlocking new opportunities for economic resilience and long-term sustainability in the final frontier.

    MIL OSI USA News –

  • MIL-OSI: GTreasury Customer The Arnott’s Group Wins Adam Smith Award for Cash Forecasting Success

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO and SYDNEY, Feb. 12, 2025 (GLOBE NEWSWIRE) — GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced that its customer, The Arnott’s Group, has been named a Highly Commended Winner in Treasury Today’s 2024 Adam Smith Awards Asia. The annual industry benchmark for corporate treasury achievement honors the most innovative and transformative treasury initiatives across the Asia-Pacific region.

    The Arnott’s Group—one of Australia’s most iconic food manufacturers, with a portfolio of beloved brands including Arnott’s, Tim Tam & Shapes, V8, Messy Monkeys, Freedom Cereals, and 180degrees—was honored in Treasury Today’s Best Cash Flow Forecasting Solution category.

    “Our separation from Campbell’s presented us with an immediate need to build an independent, modern treasury function from the ground up,” said Joanne Parnell, Treasurer, The Arnott’s Group. “GTreasury’s cloud-based platform eliminated our reliance on manual Excel processes and automated our entire treasury operations, from cash forecasting to FX deal capture. The results continue to speak for themselves: we’ve cut payment preparation time by 30% and reduced our monthly close cycle by a full day. We’re honored that Treasury Today has recognized our treasury team’s work, and the transformative advantages we’ve achieved.”

    Among The Arnott’s Group’s measurable improvements across its treasury operations since implementing GTreasury:

    • Reduced daily cash reconciliation and payment preparation time by 30% through automation
    • Transformed month-end closing from a 1.5-day process to just half a day
    • Shifted from monthly to daily journal preparation, with entries now completed within hours
    • Streamlined team onboarding and training through intuitive cloud-based workflows

    The automated platform has also enhanced The Arnott’s Group’s strategic capabilities, enabling real-time visibility into cash positions and more sophisticated FX risk management. These improvements have freed up the treasury team to focus on strategic initiatives rather than manual processes.

    “The Arnott’s Group treasury team, working in collaboration with HSBC Australia as an implementation partner, was able to transform their entire operation in just six months,” said Jason Baldree, Chief Customer Officer, GTreasury. “It’s a remarkable achievement that we’re proud to have played a role in. Their success sets a blueprint for treasury modernization in the Asia-Pacific region, and we congratulate the team on this well-deserved recognition.”

    About GTreasury

    GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Our industry leading solutions are purposefully designed to support every stage of treasury complexity, from Cash Visibility and Forecasting to Payments, Risk, Debt, and Investments. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.

    GTreasury is headquartered in Chicago, with locations serving EMEA (Dublin and London) and APAC (Sydney, Singapore, and Manila).

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    The MIL Network –

  • MIL-OSI: SimpSide – All In One

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 12, 2025 (GLOBE NEWSWIRE) — SimpSide has been designed to address the most pressing challenges in the world of financial trading. By providing innovative solutions to common issues, SimpSide delivers an entirely new and efficient experience for its users.

    Unmatched Security with SimpSide

    One of SimpSide’s most outstanding features is its commitment to user security and privacy. Unlike many other platforms that store user data on centralized servers thereby increasing the risk of breaches or misuse SimpSide takes a completely different approach. User information is never stored or shared with third parties, except in extreme cases such as combating money laundering or terrorism. This ensures that users retain complete control over their data and can trade with absolute peace of mind.

    Speed and Efficiency Like Never Before

    A common issue with many trading platforms is a decline in speed during periods of high market activity. SimpSide eliminates this problem with its state-of-the-art trading engine, which executes trades up to 12 times faster than traditional platforms. Even during times of extreme market volatility, SimpSide maintains a stable and fast performance. This allows users to act on investment opportunities in real-time, without worrying about delays or missed chances.

    All Markets, One Platform

    One of SimpSide’s most innovative features is its unified platform that provides simultaneous access to stocks, cryptocurrencies, and forex markets. Gone are the days of juggling multiple platforms to manage your investments or transferring funds between different systems. SimpSide brings everything together in one seamless, user-friendly interface, enabling users to manage their entire portfolio from a single location. This approach not only saves time and reduces costs but also significantly enhances the user experience.

    A Platform Built for the Future of Trading

    SimpSide is not just about solving existing problems in financial markets; it’s about setting new standards in the industry. By combining robust security measures, lightning-fast speed, and market integration, SimpSide empowers users to trade with confidence and convenience. This isn’t just a tool; it’s a step toward a better future in financial trading.

    Conclusion

    With SimpSide, concerns about data security, trade delays, or limited market access become a thing of the past. This platform is designed to meet all the needs of modern traders and provide a seamless, worry-free investment experience. SimpSide is the answer to the challenges of today’s financial markets and the bridge to a simpler, faster, and safer tomorrow.

    CONTACT:

    Official Website: Simpside.com

    X: SimpSide

    CEO: Antony Dee

    Email: Support@SimpSide.com

    Adress: Al Maktoum Street, Port Saeed, Deira, Dubai, United Arab Emirates

    Disclaimer: This press release is provided by SimpSide. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9d421263-a8f1-4682-831a-e8f94a741a71

    https://www.globenewswire.com/NewsRoom/AttachmentNg/79c9bc6d-1212-4b1f-9a67-ce5e9d1fb35c

    The MIL Network –

  • MIL-Evening Report: Government-Coalition deal secures sweeping new regime for political donations and spending

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    The Albanese government has secured bipartisan support for a major new regime covering political donations and spending, after making significant concessions.

    The government agreed to increase the proposed threshold above which donations must be disclosed from $1000 to $5000. The present disclosure threshold is $16,900.

    In addition, it has boosted the cap on individual donations to a candidate or party from the earlier proposed $20,000 to $50,000.

    The deal was sealed on Wednesday when Special Minister of State Don Farrell had separate meetings on the final package with Prime Minister Anthony Albanese and Opposition leader Peter Dutton.

    The legislation had been expected to pass late last year but negotiations between the government and opposition stalled at the final moment.

    The government concessions were to accommodate not just the Coalition but also to respond to a degree to criticism from crossbenchers and some stakeholders outside parliament.

    The government needed to get opposition backing to ensure the legislation’s passage before parliament rises this week. If the PM called an April election this would be the last parliamentary sitting.

    Also, it wanted to pass the measures with the support of the alternative government so the new regime would not be undone in the future.

    The reforms are the most comprehensive changes to the electoral system in four decades. The government says they will stop big money coming to dominate politics. But they have been under attack from teal MPs and other critics, including Simon Holmes à Court from Climate 200, which has funded community independents. The critics say they favour the major parties and disadvantage new and small players.

    The new regime will not come into operation until the next parliamentary term and so does not affect this election.

    The changes include disclosure of donations in real time or near-real time, and a series of caps on spending, The cap on each candidate in an electorate would be $800,000, while a party’s national spending would also be capped. At the moment there are no spending caps.

    The legislation increases public funding for elections from under $3.50 per vote to about $5.

    Farrell has not proceeded with a separate measure on truth in advertising, saying there was not enough support for it.

    The Greens described the deal as “a fix”. “Labor and the Coalition are agreeing on rigging the system to lock out their competitors.”

    Independent Zoe Daniel, a teal, said the legislation “entrenches the dominance of the major parties and locks out independents and new competitors”.

    She said it imposed “strict campaign spending caps on Independents while
    allowing major parties to exploit loopholes to pour millions into key
    electorates.

    “Under the new rules, all an independent’s campaign materials – posters, ads, or billboards – would count towards the cap, while major party branding on billboards, leaflets and ads would not. This deliberate imbalance ensures that Labor and the Coalition maintain a financial stranglehold over elections,” Daniel said.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Government-Coalition deal secures sweeping new regime for political donations and spending – https://theconversation.com/government-coalition-deal-secures-sweeping-new-regime-for-political-donations-and-spending-249720

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: In China’s Harbin, world’s largest ice-and-snow park draws record visitors

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

    HARBIN, Feb. 12 — Harbin Ice-Snow World, the world’s largest ice-and-snow theme park, has welcomed over 3 million visits as of Tuesday, setting a new attendance record just 52 days into its 26th edition, organizers announced.

    Located in Harbin, the capital of northeast China’s Heilongjiang Province and often referred to as the “city of ice,” this year’s park was built with 300,000 cubic meters of ice and snow and features elaborate ice structures inspired by the 9th Asian Winter Games, which Harbin is hosting.

    Beyond its artistic ice sculptures, the park offers a range of interactive winter attractions, including a snowflake ice maze, ice rinks, and a massive ice slide complemented by over 20 smaller ones.

    “It’s freezing, but absolutely stunning! During the day, the ice sculptures glisten like crystals, and at night, dazzling lights transform the park into a winter wonderland,” said Mandizvidza Shalom Zivo, a visitor from Zimbabwe.

    The park covers 1 million square meters, up from 800,000 square meters last year. This is the largest in its 26-year history.

    As an established ice-and-snow theme park, Harbin Ice-Snow World stands out as one of China’s iconic winter attractions. It surged in popularity on Chinese social media last winter, becoming an internet sensation as passion for winter sports and tourism continues to rise across the country.

    “Through this park, we aim to enhance the global reputation of Heilongjiang and Harbin as premier winter destinations,” said Sun Zemin, deputy director of the marketing department at Harbin Ice-Snow World Park Co., Ltd.

    With its booming ice-and-snow tourism, northeast China has gained fresh appeal. Once known as the country’s rustbelt, the region has long struggled with a painful economic transition and talent outflows.

    China aims to boost its ice-and-snow economy as a new source of growth, targeting an economic scale of 1.2 trillion yuan (about 167.34 billion U.S. dollars) by 2027 and 1.5 trillion yuan by 2030, according to guidelines released by the State Council last year.

    MIL OSI China News –

  • MIL-OSI: JLT Mobile Computers AB (publ) publishes 2024 Year-end report

    Source: GlobeNewswire (MIL-OSI)

    Växjö, Sweden, 12 February 2025 * * * JLT Mobile Computers, a leading supplier of rugged computers for demanding environments, today publishes its Year-end report for the full year 2024.

    Summary of key figures

    • Order intake MSEK 103.0 (135.4)
    • Net revenues MSEK 118.4 (158.8)
    • EBITDA MSEK -2.1 (4.8)
    • Depreciation and amortization of development expenses MSEK -8.1 (-2.5)
    • Operating profit MSEK -9.7 (1.9)
    • Profit after taxes MSEK -7.7 (1.6)
    • Cashflow +6.8 (-21.5)
    • No dividend is proposed (SEK 0.00)

    In short

    • Challenging macroeconomic and geopolitical conditions resulted in lower-than-normal demand for JLT products, a rough year for JLT as well as for many other industry colleagues where reports of layoffs and closures occurred.
    • Order intake for the year amounted to MSEK 103 compared to MSEK 135 last year, and sales amounted to MSEK 118, a decrease from MSEK 159 last year.
    • Starting to see a recovery in the market – several major deals booked in the US during the first quarter of 2025, of which one for a leading American food producer to a value of MSEK 22 plus service agreements (press release 2025-01-10). The total order intake in Q1 2025 so far exceeds MSEK 40.
    • To create a more cost-effective and market-adapted structure that enables efficient management and customer-driven development of JLT’s software solutions, the operations of the subsidiary JLT Software Solutions AB have been discontinued (press release 2025-01-17). Capitalized development expenses in the company have been written down and, together with other discontinuation costs, impact the group’s results in the fourth quarter by MSEK 5.0, of which MSEK 1.2 affects cash flow. Software development, including the JLT Insights product, has been integrated with the group’s other product development.
    • Development expenses related to Android have been written down by MSEK 1.7, as the product’s sales did not develop as expected.
    • In 2024, organizational and R&D costs were reduced by MSEK 5.4, despite one-time costs of MSEK 1.2. EBITDA ended at MSEK -2.1, compared to MSEK 4.8 the previous year. For 2025, the mentioned measures are expected to provide additional savings of MSEK 1.5 and reduce amortization of development expenses to MSEK 0.5 compared to MSEK 8.1 for 2024.
    • The core products in JLT’s VERSO and JLT1214™ series have been upgraded with new processors and new technology during the year to maintain JLT’s strong market position (press release 2024-06-13: VERSO and press release 2024-10-22: JLT1214).
    • In October, a senior marketing manager with extensive industry experience was recruited to JLT’s American subsidiary to lead marketing and partner strategy in the USA (press release 2024-10-15).
    • The organization in the French subsidiary, JLT France, has been expanded with a salesperson, and a planned generational shift in leadership has been carried out (press release 2024-10-01).
    • As a result of strategic measures implemented during 2024, inventory was reduced by 6.9 MSEK. Cash flow was positively impacted, and JLT added 6.8 MSEK to its cash reserves. Inventory is expected to be gradually reduced further during 2025.
    • 2024 marked an important milestone for JLT, celebrating 30 years as an innovator of rugged computer solutions (press release 2024-12-12). Since its inception in 1994, JLT has been part of the extensive transformation that the rugged IT solutions industry has undergone.        

    The full interim report is attached to this press release and available for download at the company’s website, jltmobile.com. Additional financial information is available online on JLT’s investor pages.

    This information is information that JLT Mobile Computers AB (pub) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below, at 08:00 pm CET on Wednesday, February 12, 2025.

    About JLT Mobile Computers

    JLT Mobile Computers is a leading supplier of rugged mobile computing devices and solutions for demanding environments. 30 years of development and manufacturing experience have enabled JLT to set the standard in rugged computing, combining outstanding product quality with expert service, support and solutions to ensure trouble-free business operations for customers in warehousing, transportation, manufacturing, mining, ports and agriculture. JLT operates globally from offices in Sweden, France, and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and the share has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at jltmobile.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Year End Report 2024

    Source: GlobeNewswire (MIL-OSI)

    Highlights

    • The Company added a total of 50 GWh of annual long-term proportionate power generation through acquisitions in 2024, reflecting a five percent increase in long-term power generation, of which 20 GWh was added in the fourth quarter.
    • Power generation amounted to 907 GWh for the year, in line with the updated outlook, and power generation of 287 GWh during the fourth quarter marks the Company’s highest ever quarterly production.
    • Reached the ready-to-permit milestone for the Company’s first large-scale project in the UK, a 1.4 GW solar and 500 MW battery project, and initiated a sales process to assess divestment options.
    • Achieved carbon neutrality for Scope 1 and 2 carbon emissions.

    Consolidated financials – 12 months

    • Cash flows from investing activities amounted to MEUR 32.6 and was positively impacted by the sale of the Leikanger hydropower plant in the second quarter.
    • Cash flows from operating activities amounted to MEUR -6.3.

    Proportionate financials – 12 months

    • Achieved electricity price amounted to EUR 34 per MWh, which resulted in a proportionate EBITDA of MEUR 7.0.
    • Proportionate net debt of MEUR 65.0, with significant liquidity headroom available through the MEUR 170 revolving credit facility.

    Financial Summary

    Orrön Energy owns renewables assets directly and through joint ventures and associated companies and is presenting proportionate financials to show the net ownership and related results of these assets. The purpose of the proportionate reporting is to give an enhanced insight into the Company’s operational and financial results.

    Expressed in MEUR

    		 1 Jan 2024-
    31 Dec 2024
    12 months    		 1 Oct 2024-
    31 Dec 2024
    3 months    		 1 Jan 2023-
    31 Dec 2023
    12 months    		 1 Oct 2023-
    31 Dec 2023
    3 months
    Consolidated financials        
    Revenue 25.7 7.1 28.0 8.4
    EBITDA -1.6 -2.5 -5.1 -0.9
    Operating profit (EBIT) -17.5 -6.3 -17.0 -4.4
    Net result -13.3 -6.6 -7.6 8.0
    Earnings per share – EUR -0.05 -0.02 -0.03 0.03
    Earnings per share diluted – EUR -0.05 -0.02 -0.03 0.03
    Proportionate financials1        
    Power generation (GWh) 907 287 765 226
    Average price achieved per MWh – EUR 34 30 47 43
    Operating expenses per MWh – EUR 17 14 18 16
    Revenue 30.7 8.7 36.2 9.6
    EBITDA 7.0 0.1 5.3 1.3
    Operating profit (EBIT) -12.9 -4.8 -11.0 -3.2

    1 Proportionate financials represent Orrön Energy’s proportionate ownership (net) of assets and related financial results, including joint ventures. For more details see section Key Financial Data in the Year End Report 2024.

    Comment from Daniel Fitzgerald, CEO of Orrön Energy AB
    “2024 marks another year of good progress despite challenging market conditions. We added around 50 GWh of long-term annual power generation through value-accretive acquisitions in Sweden, strengthened our balance sheet with the sale of the Leikanger hydropower asset, and launched our first sales process in the UK having reached the ready-to-permit stage on a project with 1.4 GW solar generation capacity and a 500 MW battery. In response to the volatile market conditions experienced in 2024, we initiated voluntary production curtailments across a portion of our portfolio, and started providing ancillary services to the market via some of our windfarms. These initiatives have helped us to reduce the impact of negatively priced hours and take advantage of alternative revenue streams. We remain focused on delivering profitable growth and are consistently looking for ways to improve performance during challenging market environments.

    Proportionate power generation amounted to 907 GWh for the year, which was in line with our updated outlook. We delivered a record quarterly power generation of 287 GWh in the fourth quarter, despite the impact of voluntary production curtailments during periods of low electricity prices. While the overall power generation in 2024 was impacted by lower-than-average wind speeds, we hope to see more normalised weather conditions in 2025, following four consecutive years of wind speeds below the historical long-term average. Taking into account this variability, the acquisitions made in 2024, and the potential for future curtailment, we expect our power generation in 2025 to be between 900 and 1,050 GWh, which gives some margin both for weather and market conditions.

    Capitalising on market opportunities
    The renewable energy industry continued to face headwinds in 2024, as elevated interest rates, inflation, and periods of low electricity prices led to downward pressures on valuations and stock prices across the sector. Uncertainty in the US and political shifts across Europe further impacted investor confidence regarding the pace and support for the energy transition. However, the long-term fundamentals for renewable energy remain strong, where onshore wind and solar continue to have the lowest breakeven cost by a significant margin compared to other sources. Despite political or economic headwinds, these investments are poised to stand the test of time. We maintained our strategic focus, adding over 50 GWh of long-term proportionate power generation in 2024 at a cost of less than 0.5 MEUR per MW. We have now replaced 50 percent of the production sold of the Leikanger asset, at a significantly lower unit cost, demonstrating a highly accretive and efficient recycling of capital.

    In the Nordics, electricity prices remained highly volatile, which impacted our financial results. This was largely driven by periods of oversupply due to lower seasonal demand, high hydrological balances, elevated gas storage and surplus electricity from interconnected European markets. Looking ahead, energy demand is forecast to grow, fuelled by GDP growth, continued electrification and increased power needs for data centres and artificial intelligence.

    First UK project reached ready-to-permit stage, sales process commenced
    We continued advancing our project development platform in the fourth quarter, and I am excited to announce that we achieved a significant milestone by having our first large-scale project in the UK reach the ready-to-permit stage. The project is a 1.4 GW solar and 500 MW co-located battery development, and we have initiated a sales process to evaluate divestment options. This is the first project from our pipeline to reach this milestone, and we expect to have a number of follow-on projects reaching the same stage in 2025 both in the UK and Germany. In the UK, two key regulatory reforms are currently ongoing; the Clean Power 2030 Action Plan and the grid connections reform. Both aim to simplify and enhance the ability for renewable energy projects to obtain a grid connection more efficiently based on zonal capacity expectations. These reforms have had an impact on our prioritisation of projects and created some uncertainty for investors in the UK, and we will continue to monitor developments aiming to ensure our projects remain well-positioned in this evolving regulatory landscape.

    Financially resilient
    We remain in a financially robust position, with liquidity headroom exceeding MEUR 100. Proportionate revenues and other income amounted to MEUR 8.9 for the fourth quarter and MEUR 42.1 for the year, which was impacted by low electricity prices, resulting in a proportionate EBITDA of MEUR 0.1 for the fourth quarter and MEUR 7.0 for the year. Our full-year expenditure guidance for 2025 remains largely in line with 2024 and the business strategy remains unchanged as we enter the new year.

    Entering the next chapter of growth
    Looking ahead to 2025 and beyond, I believe this will be a transformational period for Orrön Energy on many fronts. The Nordic business continues its organic growth with a good pipeline of projects, 1,000 GWh of long-term proportionate power generation and plenty of acquisition opportunities. The UK and German teams are rapidly reaching key milestones and we expect to see results from our project sales throughout 2025, with a material pipeline of opportunities to follow. We have now passed the halfway point of the Sudan legal case, and expect the District Court trial to finish during the second quarter of 2026, which will significantly reduce our future legal costs and positively impact our financial results thereafter. With the end of the Sudan trial in sight and our two organic growth platforms running, we can now start shaping the next strategic growth chapter for our business, and over the next year we will explore new opportunities to expand our portfolio and unlock additional value for our shareholders. I would like to thank our shareholders for their continued support and look forward to sharing updates on the exciting growth opportunities that lie ahead of us.”

    Webcast
    Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and presenting the latest developments in Orrön Energy and its future growth strategy together with members of Orrön Energy’s management team at a webcast during the Company’s Capital Markets Day today at 14.00 CET. The presentation will be followed by a question-and-answer session.

    Follow the presentation live on the below webcast link:
    https://orron-energy.events.inderes.com/cmd-2025

    For further information, please contact:

    Robert Eriksson
    Corporate Affairs and Investor Relations
    Tel: +46 701 11 26 15
    robert.eriksson@orron.com

    Jenny Sandström
    Communications Lead
    Tel: +41 79 431 63 68
    jenny.sandstrom@orron.com

    Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany and France. With financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

    This information is information that Orrön Energy AB is required to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07.30 CET on 12 February 2025.

    Forward-looking statements
    Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI Russia: The second stage of improvement of the territory near the Pykhtino metro station has been completed

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Capital specialists urban economy complex completed the second stage of landscaping the area near the Pykhtino metro station. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Landscaping Petr Biryukov.

    “The main objectives were to improve pedestrian and transport accessibility of the new station, organize convenient approaches and driveways to it, and adapt the spaces to the needs of local residents. The boundaries of the work included Aviakonstruktora Petlyakova Street, Projected Drives No. 7654 and 7653a,” noted Petr Biryukov.

    Overhead lines near the metro station were removed into a 1.8-kilometer cable duct. In addition, almost 900 meters of drainpipes were laid.

    As part of the project, more than 10 thousand square meters of sidewalk pavement and 22.4 thousand square meters of asphalt on the roadway were renewed, new markings were applied, and about 320 road signs were installed.

    The specialists also installed almost 80 modern lanterns. Unregulated crossings were equipped with 36 contrast lighting supports.

    In addition, a 26,000 square meter lawn was laid out near the Pykhtino metro station, and a skate park was set up near the Solntsevo Park shopping center.

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/149990073/

    MIL OSI Russia News –

  • MIL-OSI United Nations: ‘Cut the theatrics’: UN climate chief tells COP29 negotiators to focus on solutions as talks enter final week

    Source: United Nations MIL OSI b

    Climate and Environment

    As COP29 climate talks in Baku enter their final week, the UN climate chief told negotiators on Monday to “cut the theatrics,” get down to business and hammer out a new finance deal to compensate countries for climate-driven damages and pay for a clean-energy transition.

    “We can’t lose sight of the forest because we’re tussling over individual trees,” said Simon Stiell, urging delegates to wrap up “less contentious issues” as early as possible this week, so there is enough time for the major political decisions.

    COP29 opened in the Azerbaijan capital this past Monday with the main goal of reaching agreement on scaling up finance to address the worsening impacts of global warming.

    Despite an early breakthrough on standards that will pave the way for a UN-governed carbon market, the talks on climate finance have been slow and contentions, with delegations digging in their heels rather than looking for common ground.

    Time for business, not brinkmanship

    “Bluffing, brinksmanship, and pre-mediated playbooks” are burning up precious time and running down the goodwill needed for an ambitious package, emphasized Mr. Stiell, who is the Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), which convenes the annual COP meetings.

    The stakes are too high for “an outbreak of ‘you-first-ism’…where groups of parties dig in and refuse to move on one issue, until others move elsewhere,” he said and the only way to get the job done is “if Parties are prepared to step forward in parallel, bringing us closer to common ground.”

    Mr. Stiell’s plea comes after UN Secretary-General António Guterres also voiced concern over the state of negotiations at COP29, noting that countries must agree to an ambitious climate finance goal that meets the scale of the challenge faced by developing countries.

    Speaking to reporters in Rio on Sunday ahead of the G20 summit, the UN chief said that “now is the time for leadership by example from the world’s largest economies and emitters. Failure is not an option.”

    Beyond the negotiations, other meetings and high-level events at COP29 touched on a range of topics – from the climate-health nexus to human development and education.

    UN News/Nargiz Shekinskaya

    Catarina from Brazil (left) and Francisco from Columbia (right) call for a UN children’s COP during a UNICEF press conference on youth-led climate action, held at COP29 in Baku

    ‘No decisions about us without us!’ 

    Children and young people also made their voices heard at several lively and well attended events, as they called for protection from the effects of climate change; measures to prevent further destruction of the planet; and stepped-up efforts to preserve nature.

    They urged decision-makers at COP29 to give them a seat at the climate negotiating table and to urgently consider organizing a separate UN climate conference specifically for children.

    According to the UN Children’s Fund (UNICEF), climate change impacts the well-being of nearly 1 billion children – half of the world’s child population. Air pollution, infectious diseases, environmental degradation, and extreme weather events compromise children’s health, hinder their education, and deprive them of the nutrition they need to grow and thrive.

    During heatwaves, young children are at risk of dehydration because their bodies cannot regulate temperature effectively. Floods and droughts impoverish families, leaving children to bear the consequences.

    “Floods force school closures in Liberia, and children miss school,” said Juanita Tamba of the World Association of Girl Guides and Girl Scouts, the world’s largest volunteer movement for the empowerment of girls and young women.

    “And during the dry season, we have to travel long distances to fetch water, and girls often face violence while trying to get water,” she told UN News.

    UNICEF estimates that climate-related disasters cause approximately 40 million children to miss school each year, and the number is rising. 

    Zunaira, from Pakistan, one of the youngest participants in Baku, is attending COP29 with the support of UNICEF.  

    She told UN News: “When there are floods in my country, resources become limited, and there are not enough for everyone. Children, especially girls, are the most affected.”

    Speaking at a UNICEF press conference on youth-led climate action, Rasul, a youth from Azerbaijan highlighted the dire condition of the Caspian Sea. “Due to rising temperatures and prolonged heatwaves, the water level in this amazing body of water is falling,” he said.  

    Baku is situated on the coast of the Caspian, the biggest inland body of water in the world. Rasul observed that the effects on Azerbaijan’s people are becoming more noticeable as the shoreline recedes, particularly the rising temperatures: “Both summer and winter in Azerbaijan are getting warmer.” 

    ‘The future needs a voice!’

    Catarina, a 16-year-old environmental activist from Salvador, Brazil, a city on the Atlantic Ocean, also shared her experiences.  

    A passionate surfer since childhood, she noted: “When I was nine years old, I actually felt the ocean warming. I was constantly in the water and… I realized something was wrong when [it] was much hotter than normal in areas I frequented. Then I noticed coral reefs covered in white spots – coral bleaching was something I had never seen before.”

    Despite her young age, Catarina is an experienced climate activist. When she was just 12 years old, she joined other children in filing a complaint with the Geneva-based UN Committee on the Rights of the Child to protest government inaction on the climate crisis.

    “It was the first time children brought a global complaint through a UN mechanism. We denounced five countries, and as a result, the UN officially recognized that children’s rights are affected by the lack of climate action,” Catarina said.

    In an emotional speech, she emphasized: “Children have things to say, and we know how to say them. We need the space… not at COP30. We need a COP for children right now!”  

    According to Catarina, she was fairly certain that it might be too late to make significant change by the time she started her job or rose to a position of influence.

    “Effective actions must happen now. That’s why children need to be included in the decision-making process. If we are the future, then this future needs to have a voice,” she concluded. 

    UNICEF Executive Director Katherine Russell has echoed Catarina’s sentiments, saying earlier this month: “At COP29 and through Nationally Determined Contributions, governments must prioritize children’s rights,”  

    “Children need to be included in the solutions, and global leaders must make health care, education, water, and sanitation systems more resilient to the impacts of climate change. Now is the time to act.”

    Under the Paris Agreement, countries are required to submit updated national climate action plans, or NDC’s, next year at COP30.  

    In that context, UNICEF has warned that less than half of the current plans are child- or youth-sensitive, and only three percent were developed through participatory processes involving children.

    Against this background, 16-year-old Payton Esau from Canada brought a manifesto to the climate conference, signed by 800 of her peers.  

    “We demand that governments communicate in a language young people can understand so we know what measures are being taken to combat climate change. Governments must act without delay to keep warming below 1.5 degrees Celsius,” Payton told UN News.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: COP29 draft deal proposes wealthy nations give $250 billion in climate finance

    Source: United Nations MIL OSI b

    Climate and Environment

    A new draft finance deal delivered to harried negotiators in Baku on Friday – the final scheduled day for the UN climate talks that have been under way for the past two weeks – proposes rich countries commit $250 billion a year to help vulnerable nations cope with our warming planet and to accelerate the global switch to renewable energy.

    The new draft outcome text, which will surely push this round of talks into the weekend, called for the overall climate financing goal to reach “at least $1.3 trillion by 2035”, but left out specifics – grants, loans, or from the private sector – on how these funds will be raised.

    Delegations in Baku are expected to keep negotiating on several key issues:

    • Specifics about the role of developed countries in providing this new finance.
    • A global goal on a just transition.
    • Clear way forward on both adaptation and mitigation.

    The conference plenary is expected to reconvene on Saturday to work towards a final agreement.

    ‘A slap in the face’

    Civil society climate and environment advocates were quick to react to this latest draft.

    Some expressed their anger and disappointment at the draft by taping pieces of paper on their faces or foreheads with “Pay up!” written on them.

    Kelly Stone from ActionAid International Foundation explained to UN News, “I am wearing this because we are calling on Global North countries to pay up for climate finance and the debt they owe to the Global South.”

    Namrata Chowdhary from the 350.org, an international environmental organization, stated: “I can say it is disappointing [at] the very least.”

    “It is a slap. It is an insult. It is shocking that we are at this state now. The rich countries are basically gambling with the lives of people in the developing nations and small islands,” she said.

    Lidy Nacpil from Asian Peoples’ Movement on Debt and Development also expressed her disappointment. She also pointed out that “climate finance should not come in the form of loans because this will add to the debt burden”.

    “One of the issues that is preventing the Global South from undertaking urgent climate actions and also from providing our people with the essential services we need is the debt burden,” she told UN News.

    Jacobo Ocharan of Climate Action Network International said: “We urge all developing countries to have the courage in the negotiations to keep pushing, because this deal is terrible. We keep pushing on the idea that no deal is better than a bad deal.”

    UNFCCC/Kiara Worth

    Negotiating teams at COP29 in Baku, Azerbaijan, pictured here during a break in the talks, are working to reach agreement on a new climate financing deal.

    What’s at stake

    COP29, formally the 29th Conference of Parties to the UN Framework Convention on Climate Change (UNFCCC), has been dubbed, the ‘climate finance COP’ because parties are expected to establish a new global climate finance target.

    This target, or new collective quantified goal (NCQG), is seen as one of the summit’s main deliverables. It will replace the existing $100 billion goal that is due to expire in 2025.

    Climate experts have pegged the new annual funding goal at between $1 trillion and $1.3 trillion, which would assist vulnerable nations to deal with loss and damage from climate change and to adapt to that change, including building out their own clean-energy systems.

    Last week, in a move to support a new funding target, the World Bank Group and other multilateral development banks announced a significant boost in climate finance for low- and middle- income countries. This would reach $120 billion a year by 2030 with another $65 billion mobilised from the private sector, and a natural projection that would increase these values for 2035.

    A significant breakthrough on the opening day at COP29 was the adoption of Article 6 of the Paris Agreement, paving the way for a UN-backed global carbon market. This market will facilitate the trading of carbon credits, incentivizing countries to reduce emissions and invest in climate-friendly projects.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: COP29: Governments, industry must stop ‘lip-service’ on methane and slash emissions, says UNEP

    Source: United Nations MIL OSI b

    Climate and Environment

    The UN environment agency chief warned the COP29 climate summit in Baku on Friday that methane emissions must come down – “and come down fast” –to have any chance of controlling global warming. 

    That message comes after a new UN report revealed that, over the past two years, a sophisticated system that detects significant methane leaks has sent 1,200 notifications to governments and businesses, but only one per cent of those notifications have been answered.

    Soundcloud

    “We now have a proven system to identify major leaks so they can be quickly stopped – often with simple repairs. We are quite literally talking about screwing bolts tighter in some cases,” Inger Anderson said, launching the report, which highlights plume alerts from the Methane Alert and Response System (MARS).

    The UN Environment Programme (UNEP) chief’s alert was just one of the many key events taking place today at COP29. The latest annual UN climate summit has been underway in the Azerbaijan capital city since Monday and heads into the weekend with experts and government negotiators set for tough talks over climate finance and emission reductions. The goal is reaching an agreement by the time the meeting wraps up at the end of next week.

    What is methane?

    According to UNEP, human-caused methane emissions are responsible for roughly one-third of the planet’s current warming. Reducing these emissions is the fastest, most cost-effective way to slow global warming in the near-term and is essential to averting critical climate damage.

    Three industries account for the majority of human-caused methane: agriculture, waste and fossil fuels. Coal mining contributes 12 per cent of emissions in the fossil fuel industry, while the extraction, processing, and distribution of oil and gas account for 23 per cent. 

    About 20 per cent of methane emissions in the waste sector come from wastewater and landfills. Finally, about 32 per cent of emissions in the agricultural sector come from grazing livestock and manure, while a further eight per cent come from rice farming.

    Right now, there is roughly 2.5 times the amount of methane in the atmosphere than there was during pre-industrial times and emissions have been rising in recent years, according to the UN World Meteorological Organization (WMO).

    How can we slash methane?

    While methane is considered an ‘aggressive greenhouse gas’ it is actually easier to reduce than carbon dioxide, or CO2, the better-known heat-trapping gas, because methane has a shorter lifespan in the atmosphere.

    The UNEP-led International Methane Emissions Observatory (IMEO) and the hi-tech MARS system use artificial intelligence (AI) and satellite data to detect gas releases and to help industry and countries identify and deal with large methane emissions.

    “Governments and oil and gas companies must stop paying lip-service to this challenge when answers are staring them in the face,” stated Ms. Anderson, UNEP Executive Director. 

    Instead, they should recognize the significant opportunity presented “and start responding to alerts by plugging leaks that are spewing climate-warming methane into the atmosphere. The tools are ready, the targets are set – now it is time to act,” she said.

    While more remains to be done, the report does highlight examples of nations and companies responding – proving the value of data-driven solutions such as MARS. In 2024, the IMEO facility verified action to reduce emissions from major leaks in Azerbaijan and the United States. 

    In Algeria and Nigeria, MARS notifications and engagement led to direct action from the governments and oil and gas companies to address large methane leaks. For example, UNEP says that in the Nigeria case, the six-month leak emitted methane equivalent to 400,000 cars being driven for a year and was able to be fixed in under two weeks by simply replacing faulty equipment.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News –

  • MIL-OSI Australia: Interview with Rafael Epstein, Melbourne Mornings, ABC Radio

    Source: Australian Treasurer

    Rafael Epstein:

    Pretty big announcement from the federal government today. They’re going to let the banks, when they lend you money for a mortgage, they can relax the rules when it comes to the debt you owe for your university degree. So, you might say, woohoo, fantastic. You can borrow more or borrow sooner. Is it financially smart? Andrew Leigh joins us. He speaks for the Albanese government on this.

    Andrew is the Assistant Minister for Competition, Charities, Treasury and Employment. Andrew Leigh, good morning.

    Andrew Leigh:

    Good morning, Raf. Great to be with you.

    Epstein:

    Is it a good idea?

    Leigh:

    Certainly is. We need to make sure that more Australians get into housing and to the extent that lenders have been taking into account your HECS debt, that can sometimes hold young people back from home ownership. And the fact is HECS is not a debt like any other, it’s a debt whose repayments stop if you lose your job. It’s proportional to your income. It is a repayment that occurs through an income contingent loan. And so, taking that off the table when lenders are considering how to allocate funding and who to lend to is really important in terms of boosting home ownership rates.

    Epstein:

    So, I understand that it’ll allow more people to buy a home. That’s a good thing. I’m just not sure if it’s a smart thing financially. I mean, if I’m earning say $80 grand, I still have to, I’ve got to pay that HECS debt. So, if interest rates go up suddenly, it is an extra cost that I have to pay. Why should the banks not take that into consideration?

    Leigh:

    Well, the first thing to say, we’re reducing those HECS debts. A re‑elected Albanese government would cut all the HECS debts by 20 per cent. We’ve already changed indexation so that that’s operating off the lesser of wages or inflation and backdated that over a year, saving hundreds of dollars for the typical HECS debtor.

    But more broadly to your question, Raf, this is an appropriate way of recognising that an income contingent loan isn’t like having a car loan, for example. It’s a fundamentally different kind of loan and we want to make sure that people don’t have to choose between getting an education or getting a house, that both of those are easily open to young Australians.

    Epstein:

    A slightly different issue. I know your time is short because parliament is sitting. Free trade is clearly something that Donald Trump supporters don’t like. And I think it’s worth noting the US Presidents kind of almost torn up the free trade agreement between America and Australia by even talking about tariffs. But is free trade, is it actually fair? Is it effective? Does it actually help all of us?

    Leigh:

    Well, Raf, the way I think about trade is it’s another form of comparative advantage. Just as most of us don’t fix our own car or cut our own hair or make our own wine, so too countries tend to specialise in what they do best. And this isn’t a zero‑sum game. Trade isn’t like the Eurovision Song Contest or the Olympics. Trade is a way in which each of us can benefit from specialising in what we do best. And just as your hairdresser doesn’t defeat you when you get a haircut, Japan doesn’t defeat you when you buy a Honda.

    That is an example of comparative advantage in action. And Australia, with 0.3 per cent of the global population, benefits enormously from open markets. The tariff liberalisation in Australia saved the typical Australian household around $4,000 a year. And my party, the Labor Party, was in the thick of that with Whitlam, Hawke and Keating spearheading significant tariff cuts. So, of course we’ve been strong advocates of open markets on the global stage.

    The conversation between Prime Minister Albanese and President Trump went well and the Americans are considering our request for an exemption.

    Epstein:

    I just wanted to give you one example. There’s a window maker in Melbourne called Oceania Glass in Dandenong. They’ve got 260 employees. Their problem, they say, is the dumping of cheap windows from Thailand. I did go on the default website.

    We’ve had a free trade agreement with Thailand for 20 years, so we get lots of tariff‑free cars, trucks and air conditioners. So, that’s the good part of free trade with Thailand. The bad part of free trade with Thailand is they can sell really cheap windows.

    And we’re going to lose our only domestic architectural window maker. Is that just a sort of a cost we have to put up with, so we get cheap air conditioners? Is that the trade off?

    Leigh:

    Well, the Australian Government takes anti‑dumping very seriously. Dumping is where an overseas exporter aims to drive down the price, temporarily knock out the local producers and then spike the price back up again. So, ultimately consumers suffer.

    What we’ve seen over the course of, of the last couple of decades, Raf, is Australian manufacturers increasingly moving into higher and higher and more advanced manufacturing, more value added. We don’t produce kids’ pyjamas anymore, but we do well in high‑end fashion.

    Epstein:

    But we’re not going to have anybody making windows for houses at all in the country. Is that a cost? Are we just happy to lose that because we’re moving into more advanced manufacturing?

    Leigh:

    Not at all. The government strongly committed to advanced manufacturing and strongly committed to working with our manufacturing sector. We’re investing in the skills that are available. The Future Made in Australia plan provides resources to encourage a strong Australian manufacturing sector. But the trend throughout the advanced world is for manufacturers to steadily move up and up the value chain.

    That means better jobs for the people working in those sectors, and it means more earnings for the firms in those sectors. So, I think there are great opportunities for Australian manufacturers to increasingly capture that high advanced manufacturing sector.

    Epstein:

    I appreciate your time this morning. Andrew Leigh, thank you.

    Leigh:

    Always a pleasure to chat, Raf.

    Epstein:

    Part of the Anthony Albanese Labor government. Andrew Leigh is the Assistant Minister for Competition, Charities, Treasury and Employment.

    MIL OSI News –

  • MIL-OSI China: China expands silver tourism train services to cater to growing elderly travel market

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

    China expands silver tourism train services to cater to growing elderly travel market

    BEIJING, Feb. 12 — As the sun rose over the snow-capped peaks of the Qinling Mountains, a group of silver-haired retirees eagerly boarded a Silk Road-themed tourism train in Xi’an, the capital of northwest China’s Shaanxi Province.

    For the next three days, these seniors embarked on a leisurely journey through the picturesque landscapes of central China, relaxing in hot springs and savoring local delicacies, traveling on one of many specialized tourism trains that are revolutionizing travel for China’s growing elderly population.

    On Tuesday, nine Chinese government agencies and state-owned enterprises, including the Ministry of Commerce (MOC) 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.

    The initiative aims to enrich the tourism market, promote services consumption and cater to the growing demand for elderly-friendly travel options. It plans to create a nationwide network of specialized trains catering to older travelers by 2027, with over 100 designed routes and 2,500 scheduled trips annually, according to a press conference held later on Tuesday.

    The concept of senior-focused rail travel has been gaining momentum across China. According to China Railway Qinghai-Xizang Group Co., Ltd., over 77 percent of passengers on its special tourism trains have been aged 55 or above in recent years.

    A 15-day railway tour to the Xinjiang Uygur Autonomous Region has proved particularly popular, allowing seniors to explore the vast region’s diverse landscapes and cultural heritage in comfort. “Compared to self-drive tours, railway tours cut costs, save time and conserve energy, making them very suitable for elderly travelers,” 61-year-old Wang Zhanqi, who hails from Qinghai Province and took the Xinjiang railway tour last year, told Xinhua.

    He particularly enjoyed photographing the winding streets and traditional architecture in the ancient city of Kashgar, and sampling water from Karez wells, which collect the melted ice and snow from the Tianshan Mountains.

    Shaanxi’s Silk Road train, capable of carrying over 200 passengers per trip, is equipped with senior-friendly features like wide beds, temperature control systems and emergency call buttons. The train also boasts such entertainment facilities as karaoke rooms and mahjong tables, creating a lively and social atmosphere for its passengers.

    These specialized trains provide more than just transportation, offering comprehensive services tailored to the needs of older travelers. Many feature onboard medical staff, health monitoring equipment and specially designed meals. The popular Panda Express service, which departs from Sichuan Province, includes niche cultural activities such as ethnic-style welcome ceremonies and traditional performances, adding a level of cultural immersion to an already distinctive journey.

    “We strive to ensure a safer, more comfortable travel experience for the elderly,” said Yang Tao, general manager of Xi’an Railway International Travel Service Co., Ltd. “Silver-haired tourists generally have strong purchasing power and are inclined to buy handicrafts.”

    The economic potential of this market is substantial. According to a recent blue paper on China’s silver economy, the sector is currently valued at 7 trillion yuan (about 976 billion U.S. dollars), accounting for about 6 percent of the country’s GDP, 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 Aging. And the overall silver economy is projected to reach 30 trillion yuan by 2035, which would represent 10 percent of China’s GDP.

    Recognizing the increasing purchasing power and travel aspirations of China’s elderly population, the action plan released on Tuesday outlines a series of measures to develop the sector further, including measures to expand services offerings, develop themed routes, and enhance medical and senior care services on trains.

    Measures will be taken to upgrade the trains so that they are more age-friendly, green and comfortable, which will be supported by China’s large-scale equipment upgrade and consumer goods trade-in programs, and additional measures will be implemented to tailor themed travel routes and products for seniors.

    Highlighting the integration of health care services into senior tourism trains, the action plan notes that medical professionals will be stationed on board, and medical expenses incurred during travel will be eligible for cross-regional medical insurance settlement, simplifying the claims process for elderly passengers.

    The plan also advocates improved coordination between tourism trains and scenic areas, encouraging local tourist destinations to offer tailored services such as reservations, green channels, transportation connections and dedicated reception facilities for senior travelers.

    The action plan aims to create a comprehensive national network of senior-friendly tourism trains by 2027, with established service standards and recognizable brand identities.

    These specialized train services will utilize off-peak travel periods to avoid conflicting with regular passenger services, ensuring that the trains operate efficiently without disrupting the broader transportation system, MOC official Kong Dejun said at the press conference.

    From onboard medical care to senior-friendly meals and entertainment, silver tourism trains are more than a mode of transport: they are redefining what it means to travel in one’s golden years. Analysts note that China’s railways, already arteries of economic development, are poised to enrich the lives of the nation’s growing elderly population.

    MIL OSI China News –

  • MIL-OSI: Invitation to Aktia’s investor event on 27 February 2025

    Source: GlobeNewswire (MIL-OSI)

    Aktia Bank Plc
    Press Release
    12 February 2025 at 7.45 a.m.

    Invitation to Aktia’s investor event on 27 February 2025

    Aktia invites investors, analysts, and media representatives to its investor event on 27 February 2025. The event will begin at 12.30 p.m. (EET) and end approximately at 2.30 p.m.

    During the investor event, CEO Aleksi Lehtonen, together with other members of Aktia’s Executive Committee, will provide updates on the company’s strategic priorities, business operations and financial targets. The event will be held in English.

    The investor event will take place at Kulttuurikasarmi in Helsinki, located at Narinkkatori 2. A light lunch will be served at 12.00 p.m., prior to the event. After the event, coffee will be served, and participants will have the opportunity to meet Aktia’s management. To attend in person, please register by 20 February 2025.

    The investor event can also be viewed live as a webcast at 12.30 p.m. To attend the webcast, please register by 26 February 2025. Attendees will have the opportunity to ask questions to Aktia’s management during the event.

    Please, register here: https://aktia.events.inderes.com/2025-investor-event.

    The presentation material will be available on Aktia’s website www.aktia.com before the event. A recording of the event will also be available afterwards on Aktia’s website.

    Aktia Bank Plc

    Further information:
    Oscar Taimitarha, Director, Investor Relations, tel. +358 40 562 2315, ir (at) aktia.fi

    Distribution:
    Nasdaq Helsinki Ltd
    Mass media
    www.aktia.com

    Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 30 September 2024 amounted to EUR 14.3 billion, and the balance sheet total was EUR 12.0 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

    The MIL Network –

  • MIL-OSI: WithSecure Financial Statement Release 1 January – 31 December 2024: Strong growth in Cloud Protection for Salesforce, improving profitability and cash flow, divestment of Cyber security consulting

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Financial Statement Release 1 January – 31 December 2024, 12 February 2025 at 8.00 EET

    WithSecure Financial Statement Release 1 January – 31 December 2024: Strong growth in Cloud Protection for Salesforce, improving profitability and cash flow, divestment of Cyber security consulting

    Highlights of October – December 2024 (“fourth quarter”)

    • Annual Recurring Revenue (ARR)1 for Elements Cloud products and services2 increased by 6% to EUR 83.3 million (EUR 78.4 million)
    • Elements Cloud ARR increase from previous quarter was 2%
    • Net Revenue Retention for Elements Cloud was 99%
    • Revenue for Elements Cloud increased by 9% to EUR 21.5 million (EUR 19.7 million)
    • ARR for Cloud Protection for Salesforce increased by 52% to EUR 12.8 million (EUR 8.4 million)
    • Cyber security consulting revenue declined by 15% to EUR 8.6 million (EUR 10.2 million). Cyber security consulting divestment agreement was signed in January 2025. Business is reported as Discontinued operations. A goodwill impairment of EUR 13 million was recognized in the fourth quarter to reflect the impact of the divestment
    • Adjusted EBITDA (Continuing and discontinued operations) for WithSecure was EUR 2.4 million (EUR 0.2 million)
    • Operative cash flow of the fourth quarter was EUR 7.7million (EUR 2.7 million) 
    1. Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve.  Monthly recurring revenue includes recognized revenue within the month excluding non-recurring revenue
    2. Elements Cloud includes Elements Cloud portfolio software and services as well as the managed services

    Highlights of January – December 2024

    • Revenue for Elements Cloud products and services increased by 9% to EUR 83.3 million (EUR 76.1 million)
    • CPSF revenue increased by 14% to EUR 9.4 million (EUR 8.3 million)
    • Cyber security consulting revenue declined by 3% to EUR 32.3 million (EUR 33.4 million)
    • Adjusted EBITDA (Continuing and discontinued operations) for WithSecure was EUR 3.1 million (EUR -16.1 million)

    Outlook for 2025

    Annual Recurring Revenue (ARR) for Elements Cloud products and services will grow by 10-20% from the end of 2024.
    At the end of 2024, Elements Cloud ARR was EUR 83.3 million.

    Elements Company segment’s Adjusted EBITDA will be 3-7% of revenue.

    Annual Recurring Revenue (ARR) for Cloud Protection for Salesforce (CPSF) will grow by 20-35% from the end of 2024.
    At the end of 2024, CPSF ARR was EUR 12.8 million.

    Cyber security consulting business will be divested in 2025. Elements company and CPSF will have their own guidance going forward. Both are recurring, subscription-based businesses, which is reflected in the new guidance.

    Medium-term financial target (for Elements Company segment)

    Over the next three years (2025-2027), WithSecure will become a “Rule of 30+” company.

    The components of the target are

    • Annual revenue growth as percentage
    • Adjusted EBITDA as percentage of revenue

    WithSecure is targeting to reach a sum of the components that exceeds 30.

    Figures in this release are unaudited. Figures in brackets refer to the corresponding period in the previous year, unless otherwise stated. Percentages and figures presented may include rounding differences and might therefore not add up precisely to the totals presented.

    CEO Antti Koskela

    In the last quarter of 2024, WithSecure Elements Cloud ARR grew by 6% from previous year to EUR 83.3 million (EUR 78.4 million). Elements Cloud revenue grew by 9% to EUR 21.5 million (EUR 19.7 million). Cloud Protection for Salesforce, reported as a separate segment, performance was strong, ARR grew by 52% to EUR 12.8 million (EUR 8.4 million).

    In the Elements Company, Elements software continued to perform with a strong year-on-year growth. In the Managed services and Co-security, revenue declined slightly from the fourth quarter of 2023, due to the customer churns reported in the quarter and earlier in 2024. Of the geographic regions, Elements Cloud ARR and revenue decreased slightly in UK and North America, mainly impacted by the Managed services customer churns during the year 2024. In all other regions, a steady growth of cloud ARR and revenue continued. December revenue includes a higher than customary volume of discounts, timing of which is partly dependent on the customers. Due to the timing issues, the Cloud ARR growth was negatively impacted by approximately 3 percentage points. Our intention is to review and improve the recognition process to avoid ARR volatility caused by timing in the future. 

    In January 2025, our Elements Identity Security reached General Availability. It will increase protection of the users from business email compromise attacks and provide easy-to-use identity response features. Two significant product recognitions were received at the end of 2024. We were identified as one of 15 global vendors in the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms3, recognising our ability to execute and completeness of vision. In the 2024 MITRE ATT&CK® Evaluations, our Endpoint Detection and Response solution set new standards for detection-to-alert ratios, reinforcing our position as a European mid-market leader in cyber security.

    Elements Company Adjusted EBITDA in the fourth quarter was EUR 1.5 million (EUR -1.0 million). Full WithSecure Adjusted EBITDA of EUR 2.4 million (EUR 0.2 million) in the fourth quarter shows that our continuous work on improving profitability is giving results despite some lower revenue in 2024 than planned.

    In Cloud Protection for Salesforce (CPSF), systematic efforts in the past year to improve sales efficiency are generating strong results. ARR grew by 52% year-on-year to EUR 12.8 million (EUR 8.4 million). The growth is driven by both new customers and expansions to existing customers, while the customer churn remained at a controlled level. We continue to develop the CPSF as an independent business inside WithSecure, while keeping the strategic review options open.

    On 23 January 2025, we signed an agreement intending to divest our Cyber security consulting business to Neqst, a Swedish investment firm focusing exclusively on technology and technology-enabled companies. In the segment reporting, consulting is presented according to the previously applied calculation principles. In other parts of the financial reporting, consulting result is included in the result of discontinued operations. Cyber security consulting revenue declined by 15% to EUR 8.6 million (EUR 10.2 million). Adjusted EBITDA of the fourth quarter was EUR 0.9 million (EUR 2.0 million).

    After reaching some important milestones during the year, we are confidently heading for a new year of profitable growth. I would like to thank WithSecure personnel, partners, customers and other stakeholders for their great collaboration in the past year and going forward.

    Financial performance

    (mEUR) 10-12/2024 10-12/2023 Change % 1-12/2024 1-12/2023 Change %
    Continuing operations            
    Revenue 29.9 28.0 7% 116.0 109.9 6%
    Cost of revenue -5.9 -5.7 3% -23.4 -23.1 1%
    Gross Margin 24.0 22.3 8% 92.6 86.8 7%
    % of revenue 80.4 % 79.7 %   79.8 % 79.0 %  
    Other income, adjusted1 0.4 0.4 11% 2.0 1.4 41%
    Operating expenses1 -23.0 -24.3 -5% -92.6 -103.1 -10%
    Sales & Marketing -12.2 -13.1 -7% -47.9 -57.2 -16%
    Research & Development -8.5 -8.8 -3% -35.0 -36.3 -4%
    Administration -2.3 -2.4 -5% -9.7 -9.5 2%
    Adjusted EBITDA2 1.4 -1.6 188% 2.0 -14.8 113%
    % of revenue 4.7 % -5.7 %   1.7 % -13.5 %  
    Items affecting comparability (IAC)            
    Other items 0.0 -1.0 99% -1.0 -1.4 33%
    Divestments 0.1 0.0 0% 1.2 1.4 10%
    Restructuring -0.1 -4.5 99% -1.1 -8.9 87%
    Costs under TSA 0.0 -1.4 100% 0.0 -6.9 100%
    Income for costs under TSA 0.0 1.4 100% 0.0 6.9 100%
    EBITDA 1.4 -7.2 120% 1.1 -23.8 105%
    % of revenue 4.7 % -25.6 %   1.0 % -21.6 %  
    Depreciation & amortization, excluding PPA3 -2.0 -2.5 -19% -9.0 -9.5 -6%
    PPA amortization -0.5 -0.6 -17% -2.2 -2.4 -7%
    EBIT -1.1 -10.2 89% -10.1 -35.7 72%
    % of revenue -3.7 % -36.6 %   -8.7 % -32.5 %  
    Adjusted EBIT2 -0.6 -4.1 85% -7.0 -24.3 71%
    % of revenue -2.0 % -14.5 %   -6.0 % -22.1 %  
    Discontinued operations            
    Revenue 8.3 10.0 -17% 31.4 32.9 -5%
    Adjusted EBITDA2 1.0 1.8 -45% 1.1 -1.3 187%
    % of revenue 12.0 % 18.1 %   3.6 % -4.0 %  
    Items affecting comparability (IAC)            
    Divestments 1.1     1.1    
    EBIT -13.6 1.6 -927% -29.3 -8.2 -258%
    % of revenue -164.1 % 16.5 %   -93.6 % -24.9 %  
    Combined operations            
    Revenue 38.1 38.0 0% 147.4 142.8 3%
    Adjusted EBITDA2 2.4 0.2 1070% 3.1 -16.1 119%
    % of revenue 6.3 % 0.5 %   2.1 % -11.3 %  
    Earnings per share, (EUR)4 -0.08 -0.07 -25% -0.22 -0.23 5%
    Deferred revenue       67.7 66.9 1%
    Cash flow from operations before financial items and taxes 7.7 2.7 191% 2.1 -19.9 110%
    Cash and cash equivalents       27.3 36.6 -25%
    ROI, % -52.3 % -27.5 % -90% -34.1 % -30.5 % -12%
    Equity ratio, %       59.1 % 73.3 % -19%
    Gearing, %       0.4 % -22.2 % 102%
    Personnel, end of period       961 1,087 -12%

    1. Excluding Items Affecting Comparability (IAC) and depreciation and amortization. In 2023 excludes also costs of services provided to F-Secure under TSA and equivalent income charged for TSA services. 

    2. Adjustments are material items outside the normal course of business associated with acquisitions, integration, restructuring, gains or losses from sales of businesses and other items affecting comparability. For reconciliation and a breakdown of adjusted costs, see Note 6 (Reconciliation of alternative performance measures)

    3. Amortization of intangible assets from business combinations (PPA, purchase price allocation, related amortizations). 

    4. Based on the weighted average number of outstanding shares during the period 175 986 422 (1-12/2024).

    Events after period-end
    After the end of the financial year, on 23 January 2025, WithSecure announced the sale of its Cyber security consulting business to Swedish investment firm Neqst. The transaction is executed by the sale of shares of the parent company of a to-be-established WithSecure cyber security consulting group, to which the consulting business will be transferred prior to the completion of the transaction. As a result of the agreement, total of approximately 250 employees located in Finland, UK, Sweden, Denmark, Singapore, Italy, and US are expected to transfer to the buyer.

    Additional information
    This is a summary of WithSecure’s Financial Statement Release 1 January – 31 December 2024. The full report is a PDF file attached to this stock exchange release. Full report is also available on the company website.

    Webcast
    WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast on 12 February starting at 14.00 EET. The webcast will be held in English and can be accessed at

    https://withsecure.events.inderes.com/q4-2024

    Questions in written format are requested in the webcast portal. Presentation material and the webcast recording will be available on the company website

    Materials | Investor Relations | WithSecure™

    Financial calendar
    During the year 2025, WithSecure Corporation will publish financial information as follows:

    • 25 April 2025: Interim Report for January–March 2025
    • 16 July 2025: Half-Year Report for January–June 2025
    • 22 October 2025: Interim Report for January–September 2025

    WithSecure observes at least a three-week (21 days) silent period prior to publication of financial reports, during which it refrains from engaging in discussions with capital market representatives or the media regarding WithSecure’s financial position or the factors affecting it.

    The Annual General Meeting is scheduled for Tuesday, 18 March 2025. The Board of Directors will convene the meeting.

    Contact information
    Tom Jansson, CFO
    WithSecure Corporation

    Laura Viita
    VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    Attachment

    The MIL Network –

  • MIL-OSI: ABN AMRO Bank posts net profit of EUR 397 million in Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    ABN AMRO Bank posts net profit of EUR 397 million in Q4 2024

    12 February 2025

    Q4 Key messages

    • Good finish to the year: Q4 net profit of EUR 397 million, supported by continued high net interest income and fee income
    • Strong result in 2024: Net profit of EUR 2.4 billion and a return on equity of 10.1%
    • Continued mortgage portfolio growth: Increase of EUR 1.1 billion in Q4 and full-year growth of over EUR 5 billion, supported by an increase in clients
    • Net interest income (NII) further improved: Q4 benefited from higher Treasury result, resulting in NII of EUR 6.5 billion for the full year. Expected NII for 2025 between EUR 6.2 and 6.4 billion
    • Continued fee growth: Fee income increased compared to the previous quarter, resulting in fee growth for the year of over 7%, driven by better performance in all client units
    • Costs remain under control: Costs for the full year, excluding large incidentals, in line with guidance at EUR 5.3 billion. For 2025, costs are expected to be broadly flat
    • Solid credit quality: Impairments of EUR 9 million in Q4, reflecting increases in individually provisioned client files. Net impairment releases of EUR 21 million for the year
    • Strong capital position: Basel III CET1 ratio of 14.5% and Basel IV CET1 ratio estimated at a similar level
    • Final dividend of EUR 0.75 per share proposed

    Robert Swaak, CEO:

    “ABN AMRO delivered another strong full-year result, with a net profit of EUR 2.4 billion for 2024 and a return on equity of over 10%. The year saw further growth in our net interest income and fee income. With the Dutch mortgage market rebounding during 2024, we managed to increase our market share for new production from 16% to 19%. In 2024, we also managed to grow the corporate loan book in our transition themes; digital, new energies and mobility. Our underlying cost base was in line with our guidance of EUR 5.3 billion and our solid credit quality led to net impairment releases. We continued to execute on our strategy of being a personal bank in the digital age. Furthermore, our sustainability efforts were rewarded with our return to the S&P Global Dow Jones Sustainability Index Europe.

    With almost half the global population holding elections, 2024 was an exceptional year. We expect that the geopolitical ramifications and economic impact of these elections will be felt in the coming years. The ECB lowered interest rates a number of times as inflation subsided and Eurozone GDP growth was slow. The growth of the Dutch economy was muted during 2024 due to lower exports and business investments, while inflation remained elevated compared to the European average. Domestic demand grew driven by an increase in wages and house prices increased by almost 9% during the year.

    We were again able to grow our mortgage book in the fourth quarter with EUR 1.1 billion. Our corporate loan book decreased in Q4 largely reflecting more active capital allocation and steering. We transferred credit risk on a portfolio of corporate loans and decided to materially reduce our international Asset Based Finance activities in Germany and the United Kingdom.

    Our fourth quarter financial results were solid, with a net profit of EUR 397 million. Net interest income increased to EUR 1,668 million, reflecting a strong Treasury result. Fee income increased again this quarter, up 11% on the same quarter last year, with all client units contributing to the growth. Underlying costs rose during the fourth quarter, as was expected given the additional vacancies that were filled.

    Our solid credit quality and benign economic circumstances led to another quarter of very limited impairments of EUR 9 million. Risk-weighted assets decreased by EUR 3.0 billion, largely reflecting business developments including capital steering and data quality improvements. These factors, combined with the increase of CET1 capital during the quarter, resulted in the Basel III capital ratio rising to 14.5%. We made progress with the implementation of Basel IV and now estimate the Basel IV capital ratio to be at a similar level as our Basel III capital ratio. We will provide an update on the outcome of our capital assessment when publishing our Q2 results.

    In 2020, we launched our current strategy: A personal bank in the digital age. Since then, we have made significant progress on the three strategic pillars that define the crucial focus areas for creating value for our key stakeholder groups; clients, shareholders, colleagues and society as a whole.

    We have continued investing in our customer experience, focusing on attractive segments where we can grow by bringing convenience into the daily lives of our clients and expertise where it matters. We are making a significant investment in Germany with the intended acquisition of Hauck Aufhäuser Lampe, a private bank with a long standing history, positioning ABN AMRO as a leading private bank in the German market. Our Dutch retail bank provides all services and products through online channels, supported by a network of 25 retail branches. For those clients that need active support with daily banking tasks, we doubled our ‘Help with Banking’ advisers to 200 during the year. We are continuing our efforts to improve our client services and product offering which is reflected in our improved Net Promoter Score (NPS) compared to last year within all client units. We also launched our new brand promise ‘For every new beginning’ to appeal to the entrepreneurial spirit of our clients and highlight the expertise that we can offer. We have welcomed the 10 millionth active user of Tikkie, our payment request application. Its success has even led to the word ‘tikkie’ being included in the Dutch dictionary. More and more businesses are now turning to Tikkie for invoicing, solidifying our leading position in peer-to-peer payments.

    We have continued embedding sustainability in our operations and the asset volume of client loans with a sustainability component (including mortgages and corporate loans) and ESG & impact investments rose from 34% to 37% in 2024. We remain focused on the decarbonisation of our loan portfolio. Additional targets for passenger cars, mortgages, as well as the upstream and midstream part of our oil and gas portfolio will be disclosed in our integrated annual report. Related to our aim to halt and reverse biodiversity loss, we have added insurance products for farmers who reduce their use of chemical pesticides. Other developments in the fourth quarter included the Sustainable Impact Fund’s acquisition of a stake in Urban Mine, a leader in sustainable construction and concrete recycling, and the pilot launch of the Human Rights Remedy Mechanism, which allows individuals to raise concerns about human rights violations linked to our corporate clients.

    During 2024, we continued to allocate significant resources to making our bank future proof. We maintained our leading position in cyber resilience, as evidenced by external parties like BitSight. We added further use cases of Gen-AI in the fourth quarter with the introduction of an AI chatbot for Tikkie and a voicebot for incoming calls from our credit card clients. This will further build on our digital product experience and client contact, for which we are already externally recognised as the digital leader in the Dutch banking sector.

    There are multiple complex and demanding projects running in parallel in relation to changes in the regulatory environment, and we made significant progress across the board during the year. We are in the final phase of simplifying our model landscape while at the same time finalising the implementation of Basel IV. Furthermore, we are continuously refining our AML processes, and are implementing CSRD and other sustainability-related regulations in our reporting. These programmes will continue to impact parts of our organisation, despite the investments in additional change capacity that we made during the year.

    In January 2025, we announced that Marguerite Bérard is the intended new CEO of ABN AMRO. Following regulatory approval, she will be appointed by the Supervisory Board after being introduced to the AGM in April. I am very pleased with the nomination of Marguerite. In the short time that I have had the pleasure of getting to know her, I have become impressed by her inspiring personality and deep knowledge of the banking sector. I am confident that she will successfully lead the bank forward, building on the strong foundations that we have in place.

    As I look back, I am proud of what ABN AMRO has achieved and I value the dedication and commitment that clients, shareholders and colleagues have shown to this iconic Dutch institution. I am confident that ABN AMRO will continue banking for better, for generations to come.

     

    Key figures and indicators
     (in EUR millions)

    		 Q4 2024 Q4 2023 Change Q3 2024 Change
    Operating income 2,240 2,041 10% 2,253 1%
    Operating expenses 1,614 1,462 10% 1,334 21%
    Operating result 626 580 8% 920 -32%
    Impairment charges on financial instruments 9 -83   -29  
    Income tax expenses 220 117 88% 259 -15%
    Profit/(loss) for the period 397 545 -27% 690 -42%
               
    Cost/income ratio 72.0% 71.6%   59.2%  
    Return on average Equity 6.2% 9.5%   11.6%  
    CET1 ratio1 14.5% 14.3%   14.1%  

    This press release is published by ABN AMRO Bank N.V. and contains inside information within the meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).

    Note to editors, not for publication:
    For more information, please contact

    ABN AMRO Press Office: Jarco de Swart, E-mail: pressrelations@nl.abnamro.com, phone number: +31 (0)20 6288900.

    ABN AMRO Investor Relations: John Heijning, E-mail: investorrelations@nl.abnamro.com, phone number +31 (0)20 6282282.

    1 Capital ratio for Q3 2024 are pro-forma, including 50% of the net profit. For more information about the ratio, please refer to the Capital management section in our quarterly report.

    Attachments

    The MIL Network –

  • MIL-OSI: WithSecure Corporation’s Annual Report for 2024 has been published

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Stock Exchange Release, 12 February 2025, 8:01 EET

    WithSecure Corporation’s Annual Report for 2024 has been published

    WithSecure Corporation’s Annual Report for 2024 has been published. The report is attached to this release, and it is available on the company website: Investors | Cyber Security Solutions | WithSecure™.

    The Annual Report includes the Board of Directors’ report and Financial Statements, Corporate Governance Statement, and Remuneration Report. Board of Directors’ report includes a Sustainability Report prepared in accordance with the Corporate Sustainability Reporting Directive (CSRD) and the relevant Finnish legislation.

    The Annual Report is available in Finnish and English.

    In accordance with the European Single Electronic Format (ESEF) reporting requirements, WithSecure has published the Board of Directors’ report and Financial Statements as an XHTML file. In line with the ESEF requirements, the primary statements of the consolidated financial statements have been labelled with XBRL tags, and the notes to the financial statements with XBRL block tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor’s reasonable assurance report on WithSecure’s ESEF Financial Statements in accordance with ISAE 3000 (Revised).

    Contact information:

    Laura Viita
    VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    Attachments

    The MIL Network –

  • MIL-Evening Report: Politics with Michelle Grattan: David Littleproud on US tariffs, a government-owned Rex, and the Nationals’ identity

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    With the election only months away, the Labor government finds itself suddenly battling with the Trump administration for an exemption from new US tariffs on steel and aluminium.

    The opposition has supported the effort, but it also claims a Coalition government would be better place to deal with Donald Trump.

    Joining us on this podcast, Nationals leader David Littleproud says if Labor fails to get an exemption on the tariffs, a Dutton government would try again:

    Of course we will and I think that the relationship that Peter Dutton had and still has in Washington will play very much towards that. In fact, I was in Washington with Peter in July last year and so he can walk the halls of Washington with authority and confidence. And I think it’s important that we want this solved and it doesn’t matter who’s in power. This is team Australia, and we’ve got to have a bipartisan approach and I think Pete has shown that leadership.

    On net zero, while Littleproud firmly backs the target as in Australai’s national interest, he also says if the world walked away from it, so would we.

    What everyone’s trying to do is protect regional Australia. But, just so everyone appreciates, if we’re not signed up to net zero by 2050, the people are hurt the most are the people in regional Australia, our farmers and our miners, because if we don’t sign up to what the rest of the world has, the world gets to impose on us a border adjustment mechanism. That’s a tariff and that means we get less for what we produce in regional Australia.

    Now if the world changes and walks away from net zero, then we walk away with it. But we’re not the United States, we’re not the biggest economy in the world. You got to understand your place in the world, and you’ve got to understand the unintended consequences.

    The government this week announced it would be willing to take over Rex Airlines if it can’t be sold. Littleproud is sceptical:

    Well, I think we’ve spent over $130 million of Australian taxpayer’s money and don’t have a lot to show for it. I think what we’ve got to also look at is that Rex was a viable regional airline before they had a dalliance into competing with Qantas and Virgin in the golden triangle between Brisbane, Sydney and Melbourne. They couldn’t compete and instead of spending money on that, they should have upgraded their fleet.

    The government has wasted enough time. They should open up conversation with the broader regional aviation sector, which they haven’t done, to find a solution, whether that be one in totality of a purchaser for Rex or whether that be a carve out of players and with policy levers is being pulled, rather than the Australian taxpayer having to cut the check in entirety. So I think we haven’t exhausted all the options.

    On the coming election campaign, Littleproud stresses the closeness between the Nationals and the Liberals, rather than seeking to emphasise a separate Nationals’ pitch.

    Peter and I, I think, have the tightest coalition that we’ve ever had. There’s not a piece of paper between us. We’re literally joined at the hip and our campaigns will complement one another and in fact, they’ll intertwine in many places. I think that’s important that the people of Australia understand that the only coalition that they can trust to form government is the Nationals and Liberals, not Labor, Greens and teals – that that is the only coalition that’ll give them stability, not chaos.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Politics with Michelle Grattan: David Littleproud on US tariffs, a government-owned Rex, and the Nationals’ identity – https://theconversation.com/politics-with-michelle-grattan-david-littleproud-on-us-tariffs-a-government-owned-rex-and-the-nationals-identity-249708

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Nations: COP29 countdown: Failure on climate finance ‘not an option’, says Guterres

    Source: United Nations MIL OSI b

    Having just returned from the G20 Summit in Rio, Mr. Guterres shared the resounding message he delivered there: an ambitious climate finance goal is not only essential, but urgent.

    “Failure is not an option,” he emphasized, warning that the result of inaction could be catastrophic.

    Just 24 hours before COP29 is due to wrap up in the Azerbaijan capital, negotiators reportedly remained at loggerheads over a new climate finance goal to help developing countries combat flash flooding, drought, wildfires and other natural shocks made worse by human activity.

    The first draft text on a potential outcome dropped in the early morning hours on Thursday and received mixed reactions from government negotiating teams and civil society groups.

    Largely divided in two parts, the draft reportedly sets out proposals from developing and developed countries, with some sticking points still unresolved, including on funding goals.

    ‘Clock is ticking’

    Emphasizing the urgency of the moment, the Secretary-General said: “The clock is ticking. COP29 is now down to the wire.”

    While progress has been made and areas of convergence are emerging, significant differences still remain, the UN chief continued.

    But without decisive action, the consequences could ripple far beyond this summit, potentially undermining near-term efforts and complicating preparations for COP30 in Brazil, he noted.

    “Failure might jeopardize both near-term action and ambition in the preparation of new national climate action plans,” Mr. Guterres warned, adding that it could accelerate the approach of irreversible climate tipping points.

    A clear path forward

    The Secretary-General underscored the critical need for an ambitious new climate finance goal: a comprehensive financial package designed to mobilize resources for developing countries, enabling them to implement climate action plans aligned with the 1.5-degree Celsius target. 

    He emphasized the importance of financing initiatives that support nations in transitioning to clean, affordable energy while reducing emissions.

    Additionally, he highlighted the necessity of strengthening disaster resilience by securing funds to protect vulnerable populations from the escalating impacts of climate disasters. Restoring trust between nations was also a key focus, with a call to build solidarity through international cooperation under the framework of the Paris Agreement. 

    Mr. Guterres underscored the significance of this agreement as more than a mere negotiation. “This is a COP to deliver justice in the face of climate catastrophe,” he said.

    An investment, not a handout

    Challenging the notion of climate finance as a form of charity, the UN chief argued that it is a critical investment in the planet’s future. “It’s a downpayment on a safer, more prosperous future for every nation on Earth,” he asserted.

    He recalled that multilateral development banks have pledged to increase their climate finance to $120 billion annually by 2030, with an additional $65 billion mobilized from the private sector.

    Meanwhile, the Pact for the Future – adopted in New York this past September by the 193-member UN General Assembly – commits to improving access to finance and increasing the lending capacity of development banks.

    A call for unity

    Recognizing the geopolitical divisions that could undermine progress, the Secretary-General urged leaders and negotiators to “soften hard lines”, navigate their differences and “keep eyes on the bigger picture”.

    Appealing for unity and reminding all parties of what is at stake – a liveable planet for future generations – he stated: “Never forget what is at stake…This is not a zero-sum game.”

    Deliver for all humanity

    Wrapping up his remarks, Mr. Guterres said: “The need is urgent. The rewards are great. And time is short.”

    He emphasized that COP29 must deliver not only for those in the negotiation halls but for all humanity.

    Alongside the Secretary-General’s press conference and the ongoing intense negotiations, discussions at COP29 today also spotlighted the critical importance of gender equality in combating the climate crisis.

    UNFCCC/Kiara Worth

    Participants at the High-Level event on Gender Transparency, a highlight of ‘Gender Day’ at COP29 in Baku, Azerbaijan.

    A high-level session on gender and transparency emphasized the necessity of integrating gender considerations into climate policies.

    Women, particularly in low-income and marginalized communities, often bear the brunt of climate-induced disasters due to their roles as primary caregivers and food providers.

    Meanwhile, in many regions, their limited access to resources, education, and decision-making power further deepens their vulnerability. Women frequently shoulder the burden of securing water, food, and fuel for their families, often at great personal risk.

    By ensuring that women have equal access to resources, education, and opportunities to participate in climate solutions, more effective and sustainable strategies can be created for mitigating and adapting to the effects of our rapidly warming planet.

    UN News/Nargiz Shekinskaya

    Jemimah Njuki, Chief of the Economic Empowerment section at UN Women, speaks to UN News at COP29 in Baku, Azerbaijan.

    ‘200 million hours fetching water’

    “Women and girls in sub-Saharan Africa are spending 200 million hours [daily] just fetching water,” said Jemimah Njuki, Chief of Economic Empowerment and Head of the Economics Division at UN Women, in an interview with UN News.

    “To put this into context, this is equivalent to the entire workforce of the UK’s working hours per day.”

    Ms. Njuki said women and girls are more likely to face food insecurity as a result of climate change.

    “Our analysis already shows us that in the worst climate case scenario, 236 million more women and girls will become food insecure, and 158 million more women and girls will fall into poverty,” she warned, ad added: “We also see climate change significantly increasing the unpaid care work performed by women and girls.”

    While noting that there has been significant progress on girls’ education, reducing maternal mortality, and reducing child mortality, she underscored that at the same time, “we are seeing huge pushbacks against women’s rights.”

    With all this in mind, Ms. Njuki stressed the vital importance of the outcome of COP29 for gender equality.

    “As people working on gender equality, we are concerned not just about the quantity of climate finance but also about its quality,” she said.

    She posed a few questions that negotiators could consider: “How do we make the financing more gender-responsive? How do we ensure that we are directing funds toward issues of gender equality? How do we ensure that feminist movements, indigenous movements, and the women working on climate action can actually access this finance?”

    Courtesy of Dr. Jessica Hernande

    Dr. Jessica Hernandez (Binnizá & Maya Ch’orti’) is an Indigenous scholar, scientist, and community advocate based in the Pacific Northwest.

    Indigenous women and land rights

    UN News also spoke with Jessica Hernandez, an indigenous scholar, scientist, and community advocate based in the Pacific Northwest. In her current role at Landesa, a non-profit organization, she advocates for indigenous peoples’ land rights and tenure in the Global South.

    “One of our goals for COP29 is to advocate for the inclusion of land rights and tenure into the nationally determined contributions (NDCs),” she said.

    “We know that 2.5 billion people in rural and indigenous communities worldwide already safeguard these ecosystems, especially land ecosystems crucial for human survival.”

    Ms. Hernandez, recognized by Forbes magazine as one of the 100 most powerful and influential women in Central America, highlighted the critical role of indigenous women in sustainable land and resource management and food security.

    “Unfortunately, only a minority of this land is legally recognized, leaving these communities vulnerable to exploitative land grabs and without the foundations needed for long-term planning and access to government services,” she added.

    Carolina Santos from Engajamundo, a youth-led civil society organization in Brazil, told UN News, “I would like to see more women and girls taking leadership roles in discussions about land rights and access to climate financing, as their bodies are also on the line when it comes to the climate crisis.”

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: WFP requires $16.9 billion in 2025 as hunger reaches alarming highs

    Source: United Nations MIL OSI b

    Humanitarian Aid

    The World Food Programme (WFP) on Friday called for some $16.9 billion to address the escalating global hunger crisis – or roughly what the world spends on coffee in just two weeks.

    This call follows the release of the agency’s Global Outlook 2025, which assesses global food security needs.

    According to WFP, hunger continues to rise, with 343 million people across 74 countries experiencing acute food insecurity – a 10 per cent increase from last year.

    This includes 1.9 million people who are on the brink of famine, with catastrophic hunger recorded in regions such as Gaza, Sudan, South Sudan, Haiti, and Mali.

    Cindy McCain, WFP’s Executive Director, described the gravity of the situation: “Global humanitarian needs are rising, fuelled by devastating conflicts, more frequent climate disasters, and extensive economic turmoil. Yet funding is failing to keep pace.”

    Funding shortfalls in 2024 forced WFP to scale back activities, often leaving some of the most vulnerable behind. 

    Sub-Saharan Africa, ground zero

    In Sub-Saharan Africa, over 170 million people face acute hunger, making the continent the focus of half of WFP’s funding needs for 2025.

    Conflict in Sudan, the Democratic Republic of Congo, and the Sahel, combined with climate extremes exacerbated by El Niño, has deepened the crisis.

    Humanitarian operations are under significant strain, with rising displacement and reduced access to essential resources creating further challenges. 

    © UNRWA

    Children queue for food in Gaza.

    Dire hunger in the Middle East

    The Middle East is witnessing alarming levels of food insecurity, with Gaza, Syria, and Yemen among the hardest-hit regions.

    In Gaza, 91 per cent of the population is acutely food insecure, and 16 per cent are living under catastrophic conditions.

    Syria and Yemen face similar challenges, with millions dependent on food assistance amid ongoing conflict.

    Asia and Pacific suffer climate shocks

    In Asia and the Pacific, 88 million people are struggling with hunger caused by climate-related disasters.

    The region’s vulnerabilities have been compounded by extreme weather events, which have disrupted food systems and livelihoods.

    WFP plans to enhance social protection systems and anticipatory action to mitigate the effects of these crises.

    © CAPAC/Jean Valder Presume

    WFP distributes hot food to Haitians in the capital, Port-au-Prince.

    Urgent support needed in Latin America  

    Latin America and the Caribbean are also severely affected, with over 40 million people food insecure and 14.2 million identified as needing immediate assistance.

    WFP’s focus in the region includes strengthening food systems, building climate resilience, and supporting social protection programmes to stabilise vulnerable communities and prevent further deterioration. 

    A global call to action

    The $16.9 billion funding would allow the organization to feed 123 million of the hungriest people globally in 2025.

    “At WFP, we are dedicated to achieving a world without hunger. But to get there, we urgently need financial and diplomatic support from the international community to reverse the rising tide of global needs and help vulnerable communities build long-term resilience against food insecurity,” Ms. McCain emphasised.

    In 2025, WFP will continue prioritising and adapting its responses to each country’s specific needs and aligning its capabilities and resources to deliver high-quality programmes, the agency concluded.

    Soundcloud

    MIL OSI United Nations News –

  • MIL-OSI United Nations: COP29 gets boost from Rio as G20 leaders back scaling up climate finance from ‘billions to trillions’

    Source: United Nations MIL OSI b

    Climate and Environment

    The high-level diplomatic push for climate action shifted southward on Tuesday as G20 leaders meeting in Rio sent a clear signal to negotiating teams at stalled UN climate talks in Baku on the need to rapidly and substantially ‘scale up climate finance from billions to trillions from all sources.’

    While the statement from the world’s leading economies – and biggest emitters – stopped short of explicit reference of ‘transitioning away from fossil fuels’, to which all nations agreed last year at COP28 in Dubai, the G20 leaders did ‘welcome the balanced, ambitious outcome’ of those talks.

    The G20 communiqué comes as the clock ticks down on COP29, which is set to wrap up this Friday in the Azerbaijan capital, Baku. The complex negotiations on new and significantly scaled-up funding for loss and damage and accelerated clean energy goals are moving slowly, as some countries dig into their positions while waiting for others to pull back from their own. 

    UN climate chief Simon Stiell who earlier warned against brinkmanship and what he called ‘you-first-ism’, said today that G20 leaders sent a clear message to their negotiators at COP29: “A successful new finance goal… is in every country’s clear interests.” 

    “Leaders of the world’s largest economies have also committed to driving forward financial reforms to put strong climate action within all countries’ reach,” said Mr. Stiell, who is the Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), which convenes that annual COP meetings.

    He added: “This is an essential signal in a world plagued by debt crises and spiraling climate impacts, which are wrecking lives, disrupting supply chains, and fueling inflation in every economy.”

    ‘Failure is not an option’

    UN Secretary-General António Guterres, who is in Rio to participate in discussions on sustainable development the combat against poverty and hunger, as well as climate change, noted during a session earlier this morning that Brazil is set to host COP30 next year in the eastern Amazon region.

    “Failure [in Baku] is not an option. It might compromise the ambition in the preparation of the new national climate action plans, with potential devastating impacts as irreversible tipping points are getting closer. The preservation of the Amazon is a case in point,” he said.

    Missing the opportunity to reach agreement on a new climate finance deal in Baku “would inevitably also make the success of COP30 in Brazil much more difficult,” the Secretary-General said, and added: “I appeal to the sense of responsibility of all the countries around this table to help ensure that COP29 will be a success.” 

    Some climate and environment activists in Baku said they were cautiously optimistic about the communique, while others gave it a mixed verdict, saying the statement was vague on climate finance and failed to explicitly mention the need to transition away from fossil fuels.

    Harjeet Singh, a climate activist who is the Global Engagement Director for the Fossil Fuel Non-Proliferation Treaty Initiative, shared his views with UN News: “Developed nations remain unmoved, failing to quantify the trillions needed or to ensure these funds are provided as grants – essential for achieving climate justice.”

    He added: “Their rehashed rhetoric offers no solace for the fraught COP29 negotiations, where we continue to see a deadlock on climate finance.”

    Agrifood solutions

    Alongside the negotiations, dozens of meetings and events are underway COP29, with the bulk of today’s activities focused on agriculture, food security and water. Delegations from around world shared experiences on sustainable food production practices and addressed agriculture-related challenges.

    Just in time for COP29, new analysis from the UN Food and Agriculture Organization (FAO) has found that nearly all countries identify agrifood systems as a priority for climate change adaptation (94 per cent) and mitigation (91 per cent) in their nationally determined contributions (NDCs).

    According to the FAO, this highlights the tremendous potential of agrifood systems as climate solutions, especially as countries prepare to submit their third round of NDCs in 2025.

    “Agrifood systems are key to achieving food security and hold the solutions to multiple challenges: climate change, biodiversity, land degradation, and water scarcity,” FAO Assistant Director-General Viorel Gutu said, as climate change is a significant driver of food insecurity in a world where around 730 million people still live in hunger.

    He noted, “Unfortunately, current financing and investment are not sufficient to affect the transformation we need.” He added that, over the past two decades, funding for agrifood systems has declined from 37 per cent to 23 per cent of all climate-related development finance.

    While agriculture contributes to greenhouse gas emissions, if done right, the industry can also help overcome the climate crisis.

    Also spotlighting the importance of agriculture – for climate action and broader sustainable development efforts – was Jemimah Njuki, Chief of Economic Empowerment and Head of the Economics Division at UN Women

    In an interview with UN News, she called on governments to provide special support to women-led farms.

    “Without women, we will not be able to feed the world,” Ms. Njuki stressed. At the same time, she lamented that women are less likely than men to own the land they cultivate, and it is more difficult for them to secure loans to develop their businesses.

    It is not only women who are affected but also other vulnerable groups, such as Indigenous peoples.

    Andrea Echiverri of the Global Forest Coalition, an international nongovernmental organization advocating for social and gender justice for rural communities, said that she believes current agricultural practices are destructive to the environment.

    “Take livestock, for example, which requires more and more pasture, meaning forests continue to be cut down, and Indigenous peoples are being expelled from their lands,” Ms. Echiverri said.

    Governments, she emphasized, do not pay enough attention to the sustainability of livestock farming, although this industry accounts for about 16 per cent of all greenhouse gas emissions and 15 per cent of all fossil fuels consumed.

    UN News

    View of Azerbaijan’s capital Baku from the Caspian Sea

    Action on Water

    Elsewhere in the giant Baku Stadium complex where COP29 has been running since last Monday, water-related challenges were in the spotlight at a panel discussion where experts and participants stressed that floods, droughts, shrinking water sources, and rising water levels threaten the well-being of populations, provoke forced displacement, and undermine food security.

    For example, in countries such as Kyrgyzstan and Tajikistan, glaciers are shrinking rapidly, threatening long-term water supplies.

    “The climate knows no borders, and water knows no borders,” emphasized Sonja Koppel, Secretary of the UN Water Convention. “At the same time, water can be both the cause of conflict and the key to its resolution.”

    Speaking to UN News, she noted that 153 countries share water bodies with other nations, but only 28 per cent of them have agreements with their neighbors to cooperate most of their shared water resources. One successful example is the Central Asian countries, Kazakhstan and Kyrgyzstan, which have overcome differences and established cross-border cooperation on the Chu Talas River.

    Ms. Koppel called on countries to use water resources to establish peace with their neighbors and effectively manage shared natural resources.

    Formally the Convention on the Protection and Use of Transboundary Watercourses and International Lakes, the treaty is a unique international legal instrument and intergovernmental platform which aims to ensure the sustainable use of transboundary water resources by facilitating cooperation. Initially negotiated as a regional instrument, it has been opened for accession to all UN Member States in 2016.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Baku talks heat up: New climate finance deal, urban challenges in COP29 spotlight

    Source: United Nations MIL OSI b

    Climate and Environment

    As intense round-the-clock COP29 climate talks enter their final stretch in Baku, delegates on Wednesday are eagerly awaiting updates on the progress of negotiations regarding a new climate finance target. Meanwhile, high-level discussions also continued, with a focus on key issues such as urbanization, transport, and tourism.

    The source of the hundreds of billions, if not trillions, of funds that developing nations say will be needed to adapt to a fast-changing climate – governments, multilateral banks, or the private sector – has become a major subject of contention during the last eight days.

    The good, the bad about cities

    Meanwhile, away from the COP29 negotiations, the urgent need to cut emissions, adapt to a changing climate, lessen the effects of the crisis, and shield people from catastrophic weather events are among the themes in the many speeches given by government officials, heads of UN organizations, climate experts and leaders of civil society.

    Home to half the world’s population, with some 2.4 billion more expected to move to urban areas within the next 20 years, cities contribute significantly to global emissions while also being disproportionately impacted the effects of climate change.

    In its latest World Cities report, UN-Habitat, the UN agency dealing with human settlements and sustainable urban development, says billions of people currently living in cities could experience an additional temperature rise of at least 0.5 degrees Celsius by 2040.

    At the same time, measures to offset the impact of climate change on urban populations still do not match the scale and intensity of the challenges faced by cities.

    Addressing a ministerial meeting at COP29 today, Anaclaudia Rossbach, the Executive Director of UN-Habitat, warned that rapid and unplanned urban development pose threats to biodiversity, the environment, and food security.

    This also leads to social fragmentation and financial deterioration. While the construction sector accounts for 40 per cent of greenhouse gas emissions, the UN-Habitat chief said 96 homes need to be built every day to meet the targets of the Sustainable Development Goals by 2030.

    As such adequate funding and cooperation at all levels are necessary to address these twin challenges.

    “There is only one road to pursue, one track, one we walk collectively where social, urban, and climate needs are addressed harmoniously over solid economic ground,” Ms. Rossbach stressed.

    She added: “Yes, we do need more finance flowing to cities. We need to plan and prioritize. Land is scarce and needs to fulfill its social and ecological functions. Social and housing needs are vast.”

    “We take care of people; people take care of the planet. And we should leave no one behind,” she concluded.

    UNFCCC/Kiara Worth

    Anacláudia Rossbach, Executive Director of UN-Habitat, addresses a Ministerial meeting on urbanization and climate change, at COP29 in Baku, Azerbaijan.

    Emissions rising

    In a separate session today, speakers noted an ongoing issue that could seriously hamper many efforts to address climate-driven impacts in cities, and elsewhere.

    According to the latest report from the UN Environment Programme (UNEP), global emissions increased by 1.3 per cent in 2023 – when they should have decreased.

    “To limit warming to 1.5°C, updated National Contributions – climate commitments that each country makes – should enable a 42 per cent reduction in greenhouse gas emissions by 2030 and 57 per cent by 2035,” said UNEP Executive Director Inger Andersen.

    She highlighted that 52 per cent of all greenhouse gas emissions come from just 25 megacities, including, among others, Shanghai, Beijing, Tokyo, Moscow, and New York City.

    “This means the actions you take in setting standards for energy efficiency, determining energy sources, managing waste and methane emissions, improving public transport, encouraging electric mobility, and promoting pedestrian-friendly cities can make a massive impact,” she told mayors from around the world gathered at the event.

    Tourism and climate change

    For the first time ever the issue of tourism is being discussed at a COP, formally the Conference of Parties to the UN Framework Convention on Climate Change (UNFCC) in the context of its impact on climate.

    In 2023, the tourism sector recovered from the doldrums of the COVID-19 pandemic, as international arrivals rebounded to almost 90 per cent of pre-pandemic levels. That year, the sector contributed three per cent to the global gross domestic product (GDP), amounting to $3.3 trillion, and employed one in every ten people worldwide.

    In an interview with UNifeed, Ms. Andersen reiterated her call on stakeholders at COP29 to make sure tourism industry lessens its carbon footprint.

    “We need to understand that the tourism sector is impacted by climate change. And so, it is both a victim of and a contributor to climate change. That is why having this first tourism focus at a COP is very important.”

    Renewable energy transition

    Meanwhile, Selwyn Hart, Special Adviser to the UN Secretary-General on Climate Action, reminded attendees at COP29 that humanity already has the knowledge and tools needed to effectively combat climate change.

    “A revolution in the transition to renewable energy is already underway. It cannot be stopped,” he said.

    “However, the question remains whether the speed of this transition will prevent its worst consequences. And secondly, whether it will be fair enough to reduce inequality within and between countries.”

    UNFCCC/Kiara Worth

    Negotiating teams at COP29 in Baku, Azerbaijan, pictured here during a break in the talks, are working to reach agreement on a new climate financing deal.

    Will a breakthrough at COP29 be possible?

    The results of the negotiations in Baku will provide answers to some of these questions.

    The focus of the Baku talks is on agreeing a new climate finance goal that will provide countries – especially the most vulnerable – with the means to take stronger climate action. At stake are trillions of dollars that developing countries need to mitigate the effects of climate change and adapt to rapidly changing conditions.

    According to UNEP, Cedric Schuster, chair of the Alliance of Small Island States (AOSIS), stated yesterday that the “top-level priority is minimum allocation floors for small island developing States of $39 billion a year, and $220 billion a year for least developed countries, both in grant-equivalent terms. Any [outcome] texts that do not include these aspects will not be acceptable for these groups.”

    Sierra Leone’s Minister of Environment and Climate Change, Jiwoh Abdulai, emphasized the concern many developing countries share, namely, the form this money should take.

    “Don’t use the word ‘donor,’” he said on Tuesday. “That implies charity. There is a climate debt that needs to be paid. We are talking about lives and livelihoods. Our people are paying with their lives.”

    Discussions also touched on the very definition of a ‘developing country.’ Some negotiators have argued that countries like China or certain Gulf states no longer fall into this category, given the growth of their economies since the adoption of the UN Framework Convention on Climate Change in 1992.

    Cecilia Kinuthia-Njenga, Director of the Division of Intergovernmental Support and Collective Progress of the UNFCCC, noted that every delegation comes to COP29 with its aspirations and hopes.

    “In multilateralism, the results are sometimes different from what any one country imagines. This underscores the importance of flexibility, cooperation, and the willingness to adapt to changing circumstances and international relations,” she said.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News –

  • MIL-OSI USA: February 11th, 2025 Heinrich Delivers Floor Remarks Opposing Director of National Intelligence Nominee Tulsi Gabbard

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    VIDEO

    Heinrich uplifts New Mexicans’ concerns, emphasizes how Gabbard’s poor judgment will impact all Americans

    WASHINGTON — This evening, U.S. Senator Martin Heinrich (D-N.M.), a member of the Senate Select Committee on Intelligence, delivered remarks on the Senate floor amplifying the voices of New Mexicans opposing the nomination of Tulsi Gabbard for the Director of National Intelligence.

    Heinrich voted against advancing Gabbard’s nomination out of the Intelligence Committee, pointing to her poor judgment and lack of national security experience. Specifically, during her nomination hearing, Gabbard refused to call Edward Snowden a traitor and, in response to Heinrich’s questioning, falsely denied knowledge of comments by a Syrian cleric she met with in 2017 who threatened to unleash suicide bombers in the United States.

    “As a member of the Senate Select Committee of Intelligence for the last 12 years, I don’t say this lightly: I do not believe that Ms. Gabbard has demonstrated the judgment to merit our trust as Director of National Intelligence,” said Heinrich.

    VIDEO: U.S. Senator Martin Heinrich (D-N.M.) delivers remarks on the Senator floor opposing the nomination of Tulsi Gabbard for the Director of National Intelligence, February 11, 2025.

    During his speech, Heinrich emphasized the risk Gabbard’s nomination poses to our national security, “Ms. Gabbard’s statements and actions leading up to and during the confirmation process should make all of us question her qualifications for this essential national security role. And they should make us seriously question her basic judgment. Time and again, Ms. Gabbard has elevated conspiracy theories, parroted dictators’ talking points, and repeatedly undermined our country’s national security.”

    Heinrich discussed Ms. Gabbard’s lack of qualifications and judgment, particularly relating to her 2017 trip to Bashar al-Assad’s Syria, saying, “Her trip to Syria and her visit with Assad himself should be alarming to all of us. Normally, if any member of Congress goes on a foreign fact-finding trip like this, we take precautions to not jeopardize our vital national security interests. We coordinate with the State Department and the Pentagon. We carefully account for our schedules. And we sure as hell make sure we are not giving a platform to state sponsors of terrorism or terrorist leaders. Ms. Gabbard did none of these things on this rogue trip into Assad’s Syria.”

    Heinrich zeroed in on Ms. Gabbard’s false denial during her confirmation hearing before the Senate Intelligence Committee about meeting with Ahmad Badreddin Hassoun, Syria’s most senior Sunni Muslim cleric during the Assad regime who made threats to conduct suicide bomb attacks in the United States.

    Heinrich said, “During her confirmation hearing last month, I asked Ms. Gabbard directly about this meeting with Mr. Hassoun. he claimed this was the first she had ever heard about Mr. Hassoun’s threats to set up suicide bombers to target America and our European allies. However, records from her congressional office suggest that almost immediately after returning from her controversial trip, she was fully aware that she had met with a leader with direct ties to terrorism.”

    Heinrich continued, “I want to be clear than I am not suggesting that Ms. Gabbard endorsed or endorses the despicable views or actions of this Syrian terrorist leader. But her false denial to me at her confirmation hearing of any prior knowledge of this terrorist leader whom she met with should be evidence enough that we cannot trust her to tell the truth. And in the position that we are being asked to confirm her for, telling the truth is the entire point.”

    Heinrich concluded by amplifying the concerns of New Mexicans who have written or called into his office expressing concern over Tulsi Gabbard’s nomination. Watch a video of Heinrich uplifting New Mexicans’ voices here.

    Last week, in an interview with Jim Sciutto on CNN’s The Situation Room, Heinrich vocalized the concerns of his constituents who continue to write-in and call his office opposing Trump’s harmful actions, which are impacting New Mexico families and their financial security. Watch the full video of that interview here.

    Since Trump took office in 2025, Heinrich:

    • Introduced a resolution condemning Trump’s pardons of people found guilty of assaulting police officers on January 6.
    • Led Senate Democrats in sounding the alarm on Elon Musk and Donald Trump’s destructive actions that are wreaking havoc on Americans, weakening our economy, and threatening the livelihoods of New Mexicans.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini

    Source: Republic of China Taiwan

    Details
    2025-02-08
    Presidential Office thanks US and Japan for joint leaders’ statement
    On February 7 (US EST), President Donald Trump of the United States and Prime Minister Ishiba Shigeru of Japan issued a joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community.” In the statement, the two leaders also “encouraged the peaceful resolution of cross-strait issues, and opposed any attempts to unilaterally change the status quo by force or coercion” and “expressed support for Taiwan’s meaningful participation in international organizations.” Presidential Office Spokesperson Karen Kuo (郭雅慧) on February 8 expressed sincere gratitude on behalf of the Presidential Office to the leaders of both countries for taking concrete action to demonstrate their firm support for peace and stability across the Taiwan Strait and for Taiwan’s international participation. Spokesperson Kuo pointed out that there is already a strong international consensus on the importance of peace and stability in the Indo-Pacific region. The spokesperson emphasized that Taiwan, as a responsible member of the international community, is capable and willing to work together with the international community and will continue strengthening its self-defense capabilities as it deepens its trilateral security partnership with the US and Japan and works alongside like-minded countries to uphold the rules-based international order. The spokesperson said that Taiwan will work toward ensuring a free and open Taiwan Strait and Indo-Pacific region, as well as global peace, stability, and prosperity, as it continues to act as a force for good in the world.

    Details
    2025-02-08
    President Lai’s response to Pope Francis’s 2025 World Day of Peace message  
    President Lai Ching-te recently sent a letter to Pope Francis of the Catholic Church in response to his message marking the 58th World Day of Peace. The following is the full text of the president’s letter to the pope: Your Holiness, In your message for the 2025 World Day of Peace entitled Forgive us our trespasses: grant us your peace, you called for a cultural change that would bring an end to the governance of interpersonal and international relations by a logic of exploitation and oppression and herald true and lasting peace. I wholeheartedly admire and identify with your point of view. Since transitioning from a medical career to politics, I have remained true to my original intentions in the sense that, while a doctor can help only one person at a time, a public servant can simultaneously assist many people in resolving the difficulties affecting their lives. In my inaugural address in May 2024, I pledged that every day of my term, I would strive to act justly, show mercy, and be humble, which accord with the teachings of the Bible. I promised to treat the Taiwanese people as family and prove myself worthy of their trust and expectations. With an unwavering heart, I have accepted the people’s trust and taken on the solemn responsibility of leading the nation forward and building a democratic, peaceful, and prosperous new Taiwan. In this new year, the changing international landscape continues to present many grave challenges to democratic nations around the world. As the Russia-Ukraine war persists, the steady convergence of authoritarian regimes, including China, Russia, North Korea, and Iran, threatens the rules-based international order and severely impacts peace and stability in the Indo-Pacific and the world at large. Your Holiness has stated that war is a defeat for everyone. I, too, firmly believe that peace is priceless and that war has no winners. A high level of consensus has formed in the international community on upholding peace and stability across the Taiwan Strait. The Taiwanese people also maintain an unyielding commitment to safeguarding a way of life that encompasses freedom, equality, democracy, and human rights. Taiwan will continue to spare no effort in preserving regional peace and stability and serving as a pilot for global peace. In your World Day of Peace message, you urged prosperous countries to assist poorer ones. This compassion is truly touching. Taiwan is proactively implementing values-based diplomacy and, under the Diplomatic Allies Prosperity Project, enhancing allies’ development through a range of initiatives. Over many years, Taiwan has accumulated abundant and unique experience of providing foreign assistance. Seeking to foster self-reliance among disadvantaged countries, we have extended genuine support to help alleviate poverty through such avenues as strengthening basic infrastructure, transferring technology, and cultivating talent. In your message, you reminded countries worldwide that assistance should not be merely an isolated act of charity and pointed to the need to devise a new global financial framework so that food crises, climate change, and other challenges could be jointly addressed. I hold this view in high regard. I therefore earnestly hope that international organizations will stop excluding Taiwan for political reasons. Taiwan is willing to shoulder its international responsibilities so that it can contribute and share its valuable experience through many global platforms.  On behalf of the government and people of the Republic of China (Taiwan), I again express our interest in collaborating with the Holy See to advance world peace through concrete action. We also aspire to demonstrate Taiwanese values and the Taiwanese spirit and work together with the Holy See to uphold the core values of justice, democracy, freedom, and peace.  Please accept, Your Holiness, the renewed assurances of my highest consideration, as well as my best wishes for your good health and the continued growth of the Catholic Church.

    Details
    2025-02-08
    President Lai meets former US Vice President Mike Pence
    On the afternoon of January 17, President Lai Ching-te met with former Vice President of the United States Mike Pence. In remarks, President Lai thanked former Vice President Pence for his contributions to the deepening of Taiwan-US relations, noting that he actively helped to strengthen Taiwan-US cooperation and facilitate the normalization of military sales to Taiwan, and did his utmost to deepen the Taiwan-US economic partnership. The president indicated that former Vice President Pence also spoke up for Taiwan on numerous occasions at international venues, backing Taiwan’s international participation. President Lai expressed hope for a stronger Taiwan-US partnership to maintain peace and stability throughout the world, and that the two sides can advance bilateral exchanges in such areas as the economy, trade, and industry. A translation of President Lai’s remarks follows: I am delighted to welcome former Vice President Pence and Mrs. Karen Pence to the Presidential Office. Former Vice President Pence is not only an outstanding political leader in the US, but also a staunch supporter of Taiwan on the international stage. On behalf of the people of Taiwan, I would like to take this opportunity to extend our deepest gratitude to former Vice President Pence for his contributions to the deepening of Taiwan-US relations. Thanks to former Vice President Pence’s strong backing, ties between Taiwan and the US rose to unprecedented heights during President Donald Trump’s first administration. Former Vice President Pence actively helped to strengthen Taiwan-US security cooperation and facilitate the normalization of military sales to Taiwan, helping Taiwan reinforce its self-defense capabilities. He also did his utmost to deepen the Taiwan-US economic partnership. Former Vice President Pence also paid close attention to the military threats and diplomatic isolation faced by Taiwan. He spoke up for Taiwan on numerous occasions at international venues, taking concrete action to back Taiwan’s international participation. We were truly grateful for this. As we speak, China’s political and military intimidation against Taiwan persist. China and other authoritarian regimes, such as Russia, North Korea, and Iran, are continuing to converge and present serious challenges to democracies around the globe. At this moment, free and democratic nations must come together to bolster cooperation. I believe that a stronger Taiwan-US partnership can be an even more powerful force in maintaining peace and stability throughout the world. Former Vice President Pence has previously supported the signing of a trade agreement between Taiwan and the US. Taiwan looks forward to continuing to work with the new US administration and Congress to advance bilateral exchanges in such areas as the economy, trade, and industry. This is the first time that former Vice President Pence and Mrs. Pence are visiting Taiwan, and their visit is significantly meaningful for Taiwan-US exchanges. On behalf of the people of Taiwan, I want to extend a warm welcome. Moving forward, I hope we will jointly realize even more fruitful achievements through Taiwan-US cooperation. Former Vice President Pence then delivered remarks, thanking President Lai for his hospitality on his and his wife’s first visit to Taiwan, saying that it is an honor to be here to reaffirm the bonds of friendship between the people of America and the people of Taiwan, which are strong and longstanding. The former vice president indicated that the American people admire the people of Taiwan and all that has been accomplished in a few short decades for Taiwan to rise to one of the world’s preeminent economic powers and free societies. He said that he is grateful for President Lai’s courageous and bold leadership of Taiwan, and grateful to be able to express the support of the overwhelming majority of the American people for this alliance. Former Vice President Pence indicated that the values shared by Taiwan and the US, including freedom, the rule of law, and respect for human rights, bind us together in a partnership that transcends geographic boundaries and cultures. He then assured President Lai that China’s increasingly aggressive posture in the Taiwan Strait and across the Indo-Pacific, for the values and interests that both sides share, is deeply concerning to the American people. Former Vice President Pence stated that America is a Pacific nation, and is committed to the status quo, adding that they recognize it is China that wants to change the status quo that America, Taiwan, and other allies in the region want to preserve, which has created an environment of extraordinary growth and prosperity. The former vice president concluded by once again thanking President Lai and his team for their gracious hospitality and conveying best wishes to him and the people of Taiwan. Former Vice President Pence then assured President Lai that just as Taiwan will never surrender its freedom, he will continue to be a voice for a strong US-Taiwan relationship in the defense and the benefit of Taiwan, the US, and the free world. Later that day, Vice President Bi-khim Hsiao hosted a banquet for former Vice President Pence and his delegation at Taipei Guest House to thank him for his longstanding friendship and staunch support for Taiwan-US ties.  

    Details
    2025-02-08
    President Lai meets delegation to 60th Inaugural Ceremonies of US president and vice president
    On the morning of January 16, President Lai Ching-te met with Taiwan’s delegation to the 60th Inaugural Ceremonies of the President and Vice President of the United States. In remarks, President Lai stated that democratic Taiwan stands united, working hard to deepen Taiwan-US ties together. He then entrusted the delegation with three missions: to convey best wishes from the people of Taiwan, convey our firm commitment to democracy, and help Taiwan-US relations reach a new milestone. A translation of President Lai’s remarks follows: The 60th Inaugural Ceremonies of the President and Vice President of the US will be held on January 20. I want to thank Speaker Han Kuo-yu (韓國瑜), president of the Legislative Yuan, for accepting my invitation to lead our nation’s representative delegation to the event. I also thank Legislative Yuan Members Ko Chih-en (柯志恩), Wang Ting-yu (王定宇), Ko Ju-chun (葛如鈞), Lee Yen-hsiu (李彥秀), Chen Kuan-ting (陳冠廷), Kuo Yu-ching (郭昱晴), and Chen Gau-tzu (陳昭姿) for joining this visit to the US to attend the inauguration of President Donald Trump and Vice President J.D. Vance. We have gathered together today despite differences in party affiliation because in democratic Taiwan, while parties may compete domestically, when it comes to engagement externally, they stand united and share responsibility, working hard to deepen Taiwan-US ties and strive for the best interests of the nation. We share the value of defending freedom and democracy, and we share the goal of advancing peace and prosperity. Today, we engage with the world together as those from the same country – the Republic of China (Taiwan). In this complex and volatile new international landscape, and as the nation faces difficulties and challenges, I want to stress that in Formosa, there is no hostility that cannot be let go, and no hardship that cannot be overcome. Unity is the most important, and I hope that Taiwan can stand united, because there is true strength in unity. Democratic Taiwan must stand united in engaging with the world and initiate exchanges with confidence. On that ground, I am entrusting this delegation with three key missions. First, convey best wishes from the people of Taiwan. Just last year, Taiwan and the US celebrated the 45th anniversary of the passage of the Taiwan Relations Act. And on May 20, the US sent a senior bipartisan delegation to congratulate me and Vice President Bi-khim Hsiao on our inauguration. As the leader of this cross-party delegation, Speaker Han must clearly convey the well-wishes of the people of Taiwan, congratulate President Trump and Vice President Vance on their inauguration, and wish success to the new administration and prosperity to the US. Second, clearly convey the firm commitment of the people of Taiwan to democracy. The theme of these inaugural ceremonies is “Our Enduring Democracy: A Constitutional Promise.” Taiwan and the US share the universal value of democracy and are staunch allies. I hope that the delegation can faithfully convey the firm commitment to democracy that the people of Taiwan have, which will not change even in the face of authoritarian threats. Taiwan is willing to stand side by side with the US and other members of the democratic community to defend the sustainable development of global democracy and prevent the expansion of authoritarianism. Third, help Taiwan-US relations reach a new milestone. In recent years, Taiwan-US relations have continued to grow, with the first agreement under the Taiwan-US Initiative on 21st Century Trade having formally taken effect last month. This morning, the House of Representatives also passed the US-Taiwan Expedited Double-Tax Relief Act. I hope that the delegation can help Taiwan-US relations reach a new milestone through these exchanges so that our relations continue to grow, our cooperation expands even more, and so that we can achieve even greater success after the new administration takes office. Four years ago, Taiwan’s representative to the US inaugural ceremonies was Vice President Hsiao, who was then our representative to the US. Everyone has a lot to learn from her. I have specially invited everyone here to converse so that you can draw from Vice President Hsiao’s experience and ensure an even smoother visit. Washington, DC was also hit by a rare blizzard recently, and the weather has been very cold, so make sure to stay warm. I am sending everyone off with hand warmers and thermoses so that you can bring some warmth from Taiwan with you on your journey. And I ask that Speaker Han exercise his wisdom to help generate some warmth between the ruling and opposition parties through cooperation, which they can then bring back to Taiwan. Let us unite to give our all for diplomacy so that we can unite to give our all for Taiwan. I wish the delegation a smooth and safe trip, and hope your missions can be carried out successfully. Speaker Han then delivered remarks, stating that it was an honor to be invited by President Lai to organize a delegation to represent our nation at the 60th Inaugural Ceremonies of the President and Vice President of the US in Washington, DC, and express the Republic of China’s sincere and cordial best wishes. The Legislative Yuan’s president has assumed this important task numerous times in the past, he said, not only to represent the government of the Republic of China, but also to take on the mission of conveying the voices of 23 million people. He went on to say that he is honored to take up the baton, lead eight legislators to the US to attend this celebration that will attract global attention, and express sincere best wishes to newly elected President Trump, Vice President Vance, and the new administration’s team. As enjoined by President Lai, he hopes the delegation’s trip will help open a new chapter in Taiwan-US exchanges. Speaker Han stated that the US is the most free and democratic country in the world. He noted that in 1776 in the US Declaration of Independence, founding father Thomas Jefferson propounded the concept of “unalienable rights,” and emphasized that the people have a right to freedom and the pursuit of happiness, democratic ideas that have long been rooted in the people’s hearts. Today, he said, democracy is also embedded in the DNA of Taiwan’s 23 million people, and this hard-won democratic achievement is a result of the concerted efforts of our pioneering predecessors, thinkers, and activists over the past 100 years. Speaker Han stated that during this visit, the Legislative Yuan delegation hopes to convey the voice of Taiwan as a democratic country. Taiwan’s security, he said, is like the four legs of a table: The first leg is defending the Republic of China, the second is defending freedom and democracy, the third is maintaining Taiwan-US relations, and the fourth is maintaining cross-strait peace. The delegation will travel to the US amidst severe cold weather to show that we value our relationship with the US, and our citizens have great hopes and expectations. Speaker Han stated that this will be a cross-party delegation of eight legislators, all of whom have a strong sense of mission. He hopes that all democratic nations will acknowledge Taiwan’s importance, and pay attention to Taiwan’s 23 million people. The delegation, he said, will do its utmost to convey the goodwill and warmth that the people of Taiwan give to each and every one of our good friends.

    Details
    2025-02-08
    President Lai confers decoration on former Lithuanian Foreign Minister Gabrielius Landsbergis
    On the morning of January 14, President Lai Ching-te conferred the Order of Brilliant Star with Special Grand Cordon upon former Minister of Foreign Affairs Gabrielius Landsbergis of the Republic of Lithuania in recognition of his remarkable contributions to deepening Taiwan-Lithuania relations. In remarks, President Lai thanked former Minister Landsbergis for standing firmly with Taiwan and remaining a staunch defender of democratic values, yielding fruitful cooperative results. The president expressed hope that the two countries will engage in even more cooperation and exchanges in such areas as the economy, trade, technology, and culture, and continue to advocate for the values of freedom and democracy so that together we can contribute even more to our nations’ development and to peace and prosperity throughout the world. A translation of President Lai’s remarks follows: Today, by conferring the Order of Brilliant Star with Special Grand Cordon upon former Minister Landsbergis, we recognize his outstanding contributions during his time as foreign minister of Lithuania. On behalf of the people of Taiwan, I thank him for the key role he has played in deepening Taiwan-Lithuania relations. During the COVID-19 pandemic, thanks to the efforts of former Minister Landsbergis, Lithuania was the first European nation to donate vaccines to Taiwan. On that occasion, he stated that “freedom-loving people should look out for each other.” His statement was very moving and left a deep impression on many Taiwanese people. We will never forget it. Former Minister Landsbergis has continued to express the spirit of those words through his concrete actions. With his staunch support, Taiwan and Lithuania have mutually established representative offices. Moreover, our representative office in Lithuania was the first in Europe to incorporate “Taiwan” in its name. As for bilateral cooperation, Taiwan and Lithuania have seen fruitful results in such fields as semiconductors, laser technology, finance, and medicine. Be it overcoming the challenges posed by the pandemic or resisting expanding authoritarianism, former Minister Landsbergis has stood firmly with Taiwan and remained a staunch defender of democratic values. We greatly admire and appreciate his spirit. Today, authoritarian regimes continue to converge, posing threats and challenges to democracies around the world. Taiwan, Lithuania, and other democratic countries must come closer together, drawing on the strength of unity, so as to jointly safeguard freedom and democracy and uphold the rules-based international order. Looking ahead, we hope that Taiwan and Lithuania will engage in even more cooperation and exchanges in such areas as the economy, trade, technology, and culture. Let us continue to advocate for the values of freedom and democracy. Together, we can contribute even more to our nations’ development and to peace and prosperity throughout the world. In closing, I once again thank you, former Minister Landsbergis, for your support and for all that you have done for Taiwan. We welcome you and your wife to visit often. I wish you both a smooth and successful visit in Taiwan, and hope you leave with lasting memories.    Former Minister Landsbergis then delivered remarks, saying that it is a great honor to receive the decoration today. He noted that only partially can he accept the honor, as there have been many people who worked together with him in the ministry and in the whole country who support the people of Taiwan and see the benefit of supporting democracy in Taiwan. He often says that in Lithuania they remember well the fight for their freedom, and just today, he mentioned, he was shown the permanent exhibition in the Presidential Office, where he saw similar pictures of Taiwanese people fighting for democracy. He emphasized that not even one generation has passed since these events took place here in Taipei or similar events took place in Vilnius. Former Minister Landsbergis said that decision-makers in the Lithuanian government are either people who were themselves fighting for freedom, or, as in his case, those who were sitting on the shoulders of parents who were fighting for freedom. So for them, he underlined, freedom, democracy, liberty, and sovereignty are very real concepts that they cherish, not just things read about in a history book. He said that this is the main connector between Lithuania and Taiwan, a feeling of freedom and support for each other. Former Minister Landsbergis stated that in the face of authoritarians who do not wish us prosperity, who do not wish us freedom and future achievements, what he expects from the future is that the friendship, collaboration, and mutual support between Lithuania and Taiwan will inspire others to join in. This, he said, will make other countries not be afraid to support freedom and democracy, and will allow our group of friends to continue to grow. Lithuanian history, the former minister said, is difficult, and a big part of it was fighting for their freedom. He explained that during the 19th century when Lithuania was part of Russia’s empire, they had several revolutions and uprisings with the aim of becoming free, and that they were fighting for that freedom alongside Poland and Belarus. He then applied a phrase that they used in the revolution of 1864 – “for your freedom and ours,” meaning that they will continue to fight for their freedom while helping Taiwan fight for ours. Also in attendance at the ceremony were former Minister Landsbergis’ wife Dr. Austėja Landsbergienė and Lithuanian Representative to Taiwan Paulius Lukauskas.

    Details
    2025-01-01
    President Lai delivers 2025 New Year’s Address
    On the morning of January 1, President Lai Ching-te delivered his 2025 New Year’s Address, titled “Bolstering National Strength through Democracy to Enter a New Global Landscape,” in the Reception Hall of the Presidential Office. President Lai stated that today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. In this new year, he said, Taiwan must be united, and we must continue on the right course. The president expressed hope that everyone in the central and local governments, regardless of party, can work hard together, allowing Taiwan sure footing as it strides forward toward ever greater achievements.  President Lai emphasized that in 2025, we must keep firm on the path of democracy, continue to bolster our national strength, make Taiwan more economically resilient, enhance the resilience of supply chains for global democracies, and continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. The president said that Taiwan will keep going strong, and we will keep walking tall as we enter the new global landscape. A translation of President Lai’s address follows: Today is the first day of 2025. With a new year comes new beginnings. I wish that Taiwan enjoys peace, prosperity, and success, and that our people lead happy lives. Taiwan truly finished 2024 strong. Though there were many challenges, there were also many triumphs. We withstood earthquakes and typhoons, and stood firm in the face of constant challenges posed by authoritarianism. We also shared glory as Taiwan won the Premier12 baseball championship, and now Taiwanese people around the world are all familiar with the gesture for Team Taiwan. At the Paris Olympics, Wang Chi-lin (王齊麟) and Lee Yang (李洋) clinched another gold in men’s doubles badminton. Lin Yu-ting (林郁婷) took home Taiwan’s first Olympic gold in boxing. At the International Junior Science Olympiad, every student in our delegation of six won a gold medal. And Yang Shuang-zi’s (楊双子) novel Taiwan Travelogue, translated into English by King Lin (金翎), became a United States National Book Award winner and a tour de force of Taiwan literature on the international level. Our heroes of Taiwan are defined by neither age nor discipline. They have taken home top prizes at international competitions and set new records. They tell Taiwan’s story through their outstanding performances, letting the world see the spirit and culture of Taiwan, and filling all our citizens with pride. My fellow citizens, we have stood together through thick and thin; we have shared our ups and downs. We have wept together, and we have laughed together. We are all one family, all members of Team Taiwan. I want to thank each of our citizens for their dedication, fueling Taiwan’s progress and bringing our nation glory. You have given Taiwan even greater strength to stand out on the global stage. In this new year, we must continue bringing Taiwan’s stories to the world, and make Taiwan’s successes a force for global progress. In 2025, the world will be entering a new landscape. Last year, over 70 countries held elections, and the will of the people has changed with the times. As many countries turn new pages politically, and in the midst of rapid international developments, Taiwan must continue marching forward with steady strides. First, we must keep firm on the path of democracy. Taiwan made it through a dark age of authoritarianism and has since become a glorious beacon of democracy in Asia. This was achieved through the sacrifices of our democratic forebears and the joint efforts of all our citizens. Democracy’s value to Taiwan lies not just in our free way of life, or in the force driving the diverse and vigorous growth of our society. Democracy is the brand that has earned us international trust in terms of diplomacy. No matter the threat or challenge Taiwan may face, democracy is Taiwan’s only path forward. We will not turn back. Domestic competition among political parties is a part of democracy. But domestic political disputes must be resolved democratically, within the constitutional system. This is the only way democracy can continue to grow. The Executive Yuan has the right to request a reconsideration of the controversial bills passed in the Legislative Yuan, giving it room for reexamination. Constitutional institutions can also lodge a petition for a constitutional interpretation, and through Constitutional Court adjudication, ensure a separation of powers, safeguard constitutional order, and gradually consolidate the constitutional system. The people also have the right of election, recall, initiative, and referendum, and can bring together even greater democratic power to show the true meaning of sovereignty in the hands of the people. In this new year, the changing international landscape will present democratic nations around the world with many grave challenges. Russia’s invasion of Ukraine and conflict between Israel and Hamas rage on, and we are seeing the continued convergence of authoritarian regimes including China, Russia, North Korea, and Iran, threatening the rules-based international order and severely affecting peace and stability in the Indo-Pacific region and the world at large. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. Taiwan needs to prepare for danger in times of peace. We must continue increasing our national defense budget, bolster our national defense capabilities, and show our determination to protect our country. Everyone has a responsibility to safeguard Taiwan’s democracy and security. We must gather together every bit of strength we have to enhance whole-of-society defense resilience, and build capabilities to respond to major disasters and deter threats or encroachment. We must also strengthen communication with society to combat information and cognitive warfare, so that the populace rejects threats and enticements and jointly guards against malicious infiltration by external forces. Here at home, we must consolidate democracy with democracy. Internationally, we must make friends worldwide through democracy. This is how we will ensure security and peace. The more secure Taiwan, the more secure the world. The more resilient Taiwan, the sounder the defense of global democracy. The global democratic community should work even closer together to support the democratic umbrella as we seek ways to resolve the war in Ukraine and conflict between Israel and Hamas. Together, we must uphold stability in the Taiwan Strait and security in the Indo-Pacific, and achieve our goal of global peace. Second, we must continue to bolster our national strength, make Taiwan more economically resilient, and enhance the resilience of supply chains for global democracies. In the first half of 2024, growth in the Taiwan Stock Index was the highest in the world. Our economic growth rate for the year as a whole is expected to reach 4.2 percent, leading among the Four Asian Tigers. Domestic investment is soaring, having exceeded NT$5 trillion, and inflation is gradually stabilizing. Export orders from January to November totaled US$536.6 billion, up 3.7 percent from the same period in 2023. And compared over the same period, exports saw a 9.9 percent increase, reaching US$431.5 billion. Recent surveys also show that in 2024, the average increase in salaries at companies was higher than that in 2023. Additionally, over 90 percent of companies plan to raise salaries this year, which is an eight-year high. All signs indicate that Taiwan’s economic climate continues to recover, and that our economy is growing steadily. Our overall economic performance is impressive; still, we must continue to pay attention to the impact on Taiwan’s industries from the changing geopolitical landscape, uncertainties in the global economic environment, and dumping by the “red supply chain.”  For a nation, all sectors and professions are equally important; only when all our industries are strong can Taiwan be strong as a nation. Our micro-, small-, and medium-sized enterprises (MSMEs) are the lifeblood of Taiwan, and the development of our various industrial parks has given Taiwan the impetus for our prosperity. We must carry the spirit of “Made in Taiwan” forward, bringing it to ever greater heights. Thus, beyond just developing our high-tech industry, our Executive Yuan has already proposed a solution that will help traditional industries and MSMEs comprehensively adopt technology applications, engage in the digital and net-zero twin transition, and develop channels, all for better operational structures and higher productivity. Taiwan must continue enhancing its economic resilience. In recent years, Taiwan has significantly increased its investments in the US, Japan, Europe, and the New Southbound countries, and such investment has already surpassed investment in China. This indicates that our efforts in diversifying markets and reducing reliance on any single market are working. Moving forward, we must keep providing assistance so that Taiwan industries can expand their global presence and market internationally from a solid base here in Taiwan. At the same time, Taiwan must use democracy to promote economic growth with the rest of the world. We must leverage our strengths in the semiconductor and AI industries. We must link with democratic countries so that we can together enhance the resilience of supply chains for global democracies. And through international cooperation across many sectors, such as UAVs, low-orbit communications satellites, robots, military, security and surveillance, or biopharmaceuticals, renewable energy technology, new agriculture, and the circular economy, we must keep abreast of the latest cutting-edge technology and promote diverse development. This approach will help Taiwan remain a leader in advancing global democratic supply chains, ensuring their security and stability. Third, we must continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. Democracy means the people have the final say. Our nation belongs to all 23 million of us, without regard for ethnic group, generation, political party, or whether we live in urban or rural areas. In this new year, we must continue to pursue policies that promote the well-being of the nation and the people. But to that end, the central government needs adequate financial resources to ensure that it can enact each of these measures. Therefore, I hope that the ruling and opposition parties can each soberly reconsider the amendments to the Act Governing the Allocation of Government Revenues and Expenditures and find a path forward that ensures the lasting peace and stability of our country. For nine consecutive years, the minimum wage has continued to rise. Effective today, the minimum monthly salary is being raised from NT$27,470 to NT$28,590, and the hourly salary from NT$183 to NT$190. We hope by raising the pay for military personnel, civil servants, and educators for two consecutive years, coupled with benefits through wage increases and tax reductions, that private businesses will also raise wages, allowing all our people to enjoy the fruits of our economic growth. I know that everyone wants to pay lower taxes and rent. This year, we will continue to promote tax reductions. For example, unmarried individuals with an annual income of NT$446,000 or less can be exempt from paying income tax. Dual-income families with an annual income of NT$892,000 or less and dual-income families with two children aged six or younger with an annual income of NT$1,461,000 or less are also exempt from paying income tax. Additionally, the number of rent-subsidized housing units will also be increased, from 500,000 to 750,000 units, helping lighten the load for everyone. This year, the age eligibility for claiming Culture Points has been lowered from 16 to 13 years, so that now young people aged between 13 and 22 can receive government support for experiencing more in the arts. Also, our Taiwan Global Pathfinders Initiative is about to take effect, which will help more young people in Taiwan realize their dreams by taking part in education and exchange activities in many places around the world. We are also in the process of establishing a sports ministry to help young athletes achieve their dreams on the field, court, and beyond. The ministry will also be active in developing various sports industries and bringing sports and athletics more into the lives of the people, making our people healthier as a result. This year, as Taiwan becomes a “super-aged society,” we will launch our Long-term Care 3.0 Plan to provide better all-around care for our seniors. And we will expand the scope of cancer screening eligibility and services, all aimed at creating a Healthy Taiwan. In addition, Taiwan will officially begin collecting fees for its carbon fee system today. This brings us closer in line with global practices and helps us along the path to our goal of net-zero emissions by 2050. We will also continue on the path to achieving a Balanced Taiwan. Last month, the Executive Yuan launched the Trillion NT Dollar Investment National Development Plan and its six major regional flagship projects. Both of these initiatives will continue to expand the investment in our public infrastructure and the development of local specialty industries, narrowing urban-rural and wealth gaps so that all our people can live and work in peace and happiness. My fellow citizens, today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. This tells us that national development is moving in the right direction. In this new year, Taiwan must be united, and we must continue on the right course. We hope that everyone in the central and local governments, regardless of party, can work hard together to ensure that national policies are successfully implemented, with the people’s well-being as our top priority. This will allow Taiwan sure footing as it strides forward toward ever greater achievements. In this new year, we have many more brilliant stories of Taiwan to share with the world, inspiring all Taiwanese, both here and around the world, to cheer time and again for the glory of Taiwan. Taiwan will keep going strong. And we will keep walking tall as we enter the new global landscape. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: India’s Green Hydrogen Review and Perspective

    Source: Asia Development Bank

    As a global leader in renewable energy, India is transitioning from fossil fuel-based hydrogen to green hydrogen, driven by technological advancements, cost reductions, and supportive policies. Initiatives like the National Green Hydrogen Mission and Green Hydrogen Policy aim to establish India as a global hub, targeting an annual production of 5 million metric tons by 2030. The strategy emphasizes investments in indigenous technologies, pilot projects, and infrastructure to boost domestic demand and production. However, significant challenges remain in scaling up green hydrogen production. These include high capital expenditures for electrolyzers, gaps in transportation and storage technologies, and material dependencies. While alkaline electrolysis systems are not expected to face long-term material constraints, they still require substantial quantities of steel, nickel, and copper per megawatt. India’s dependence on imported nickel could disrupt supply chains even for these systems. To address these challenges, collaboration between the government, public enterprises, and the private sector is essential for building a sustainable green hydrogen ecosystem. By 2030, India’s investment in green hydrogen and its ammonia capacity is estimated to reach approximately $34.0 billion, with $9.3 billion (27%) from government-owned enterprises and $24.8 billion (73%) from major private companies, based on their current investment plans. This investment is projected to achieve a green hydrogen and green ammonia capacity of over 10 million metric tons by 2030, doubling the government’s target. While economic analysis shows that green hydrogen projects can be viable in accordance with the Asian Development Bank’s economic analysis guideline, financial analysis underscores the need for financing mechanisms—such as public funding, guaranteed pricing, and operational support—to make projects more competitive and attract investment. In particular, concessional funding will play a key role in mitigating risk and attracting initial investments. Additionally, a unified policy approach must address the development of infrastructure and foster collaboration across multiple stakeholders. Given the scarcity of key raw materials for electrolyzers, such as iridium and platinum, exploring alternative options like anion exchange membrane electrolyzers could be strategically significant for scaling up production. International partnerships for green hydrogen exports will also be important to support expansion on a large scale.

    WORKING PAPER 1491

    MIL OSI Economics –

  • MIL-OSI Russia: Parents of ninth-graders will be told how to help their child choose a profession

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    On February 15, the Professions of the Future center will host a meeting for parents of ninth-graders entitled “PROSaturday: Your Child’s Future.” Experts will tell you which areas are in demand on the labor market, how to help a teenager make a conscious choice of profession, and where to acquire the necessary skills.

    The meeting will be held from 12:00 to 15:00 at the address: Shchepkina Street, Building 38, Building 1. To participate, you must pre-register.

    The city helps young Muscovites develop their skills and decide on their choice of profession. Today, specialists with secondary vocational education are especially in demand. They have practical skills that are important for employers.

    “In Moscow, 75 percent of vacancies are available to college graduates. Employers value conscious employees who already have an idea of their specialty, the labor market, and career prospects. We are ready to answer questions from parents of ninth-graders to help them broaden their view of different career options. Our event includes a meeting with leading experts from the employment service, heads of Moscow colleges, and the largest employers in Moscow. Parents will learn about promising sectors of the city’s economy, where it is worth going to work and why, which areas will be relevant in the next 10 years, how much a young specialist can earn,” said Andrey Tarasov, director of the employment service and the Professions of the Future center.

    Such events are one of the stages of a unique comprehensive career guidance program for ninth-graders. It also includes an interactive introduction to in-demand professions at the Professions of the Future center. A 5D cinema and VR simulators allow you to try on the professions of a welder, turner, barista, baker, cook, waiter, nurse, electric train driver, and many others.

    The next stage of the program is career guidance testing, after which schoolchildren receive individual consultations from career mentors and meet with representatives of Moscow colleges.

    The Moscow City Employment Service is the largest state personnel operator that helps people find work. Its structure includes employment offices, many of which are located in the My Documents government service centers. The flagship centers are open at the following addresses: Kuusinen Street, Building 2, Block 1, and Shabolovka Street, Building 48. The specialized My Career employment center is located on Sergiya Radonezhskogo Street (Building 1, Bldg. 1).

    In the center “Professions of the Future” in a maximum of 3.5 months, you can master one of 75 sought-after professions in various sectors of the economy. Career mentors will help you find a job after completing your training. The center’s partners include more than three thousand employers. In addition, it implements a comprehensive career guidance program for ninth-grade students.

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/149925073/

    MIL OSI Russia News –

  • MIL-OSI USA: News 02/11/2025 Blackburn, Ernst Bill Pursuing $200 Billion in COVID Fraud Advances

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – U.S. Senators Marsha Blackburn (R-Tenn.) and Joni Ernst’s (R-Iowa) Complete COVID Collections Act to extend the life of the watchdog tasked with tracking down criminals who stole COVID relief designed for small businesses.

    “During the pandemic, small business owners in need of financial assistance were turned away because criminals, gang members, and drug traffickers stole money from the relief program,” said Senator Blackburn. “This legislation would help ensure we recoup every penny of funding that was wrongly awarded to criminals who gamed the system.”

    “I will not allow fraudsters to get away with stealing hundreds of billions of dollars from taxpayers,” said Senator Ernst. “We are going to recoup every cent and end the cycle in Washington of shrugging off a few billion here and a few hundred million there. That irresponsible mindset is why the federal government is more than $36 trillion in debt. I’m proud to lead this step forward to treat tax dollars like a family treats its budget instead of like a bottomless slush fund.”

    “Programs designed to provide relief to our small businesses were repeatedly taken advantage of, leaving small businesses hurting and taxpayers on the hook,” said Senator Young. “I’m glad to see this effort to recover taxpayer dollars and protect Americans from fraud and abuse pass out of committee. I look forward to voting for this bill on the Senate floor.”

    “Family-owned businesses in Utah played the rules and used COVID-19 relief funds as intended, but bad actors exploited the system and defrauded taxpayers,” said Senator Curtis. “By extending oversight authority over these programs, our legislation strengthens enforcement efforts and holds criminals accountable for stealing from the American people. I’m proud to see our bill pass out of the Small Business Committee.”

    BACKGROUND:

    • While SBA ran the relief programs on a “first come, first serve” basis, the money ran out quickly, and many qualifying businesses were turned away as felons, gang members, and drug traffickers raked in cash. Some swindlers uploaded pictures of Barbie dolls as photo identification on SBA loan applications that were approved.
    • One alleged fraudster took home $8 million while nearly 2,000 struggling restaurants in Iowa were left empty-handed. 

    • Senators Blackburn and Ernst led several of their Republican colleagues in introducing the bill after the Special Inspector General for Pandemic Recovery (SIGPR) warned its authority was expiring and con artists would get away with stealing more than $200 billion.

    CO-SPONSORS: 

    • The bill is cosponsored by Senators Todd Young (R-Ind.), James Lankford (R-Okla.), Josh Hawley (R-Mo.), Eric Schmitt (R-Mo.), and John Curtis (R-Utah).

    Click here to view the bill text.

    MIL OSI USA News –

  • MIL-OSI United Nations: Trailblazing women win top UNHCR award for life-changing work

    Source: United Nations MIL OSI b

    Migrants and Refugees

    Five trailblazing women – a nun, an activist, a social entrepreneur, a volunteer aid worker, and an advocate for ending statelessness – have been named the winners of this year’s UNHCR Nansen Refugee Award.

    This year’s global laureate for the UN refugee agency award, Sister Rosita Milesi, is a Brazilian nun, lawyer, social worker and movement builder who has championed the rights and dignity of people on the move for nearly 40 years. The four others have been named regional winners.

    “All too often, women face heightened risks of discrimination and violence, especially when forced to flee,” said UNHCR Filippo Grandi.

    “But these five winners show how women are also playing a critical role in the humanitarian response and in finding solutions,” he underscored.

    Mr. Grandi praised their dedication to driving action in their own communities, building grassroots support and even shaping national policies.

    Sister Rosita has personally assisted thousands who have either been forced from the homes or gone in search of new opportunities – helping them access legal documentation, shelter, food, healthcare, language training and access to the labour market in Brazil.

    As a lawyer, she has also been instrumental in shaping public policy, the refugee agency said. 

    Her work on Brazil’s 1997 refugee law, for example, helped to amplify refugee rights in line with the 1984 Cartagena Refugee Declaration, ensure that it does more to protect, include and empower people forced on the move within the Central America region, in line with international standards.

    Life of dedication

    “I decided to dedicate myself to migrants and refugees. I’m inspired by the growing need to help, to welcome, and to integrate refugees,” said Sister Rosita, aged 79.

    “I’m not afraid to act, even if we don’t achieve everything we want to. If I take something on, I will turn the world upside down to make it happen,” she added.

    Regional winners

    Maimouna Ba, the regional winner from Africa this year, is an activist from Burkina Faso. She has helped more than 100 displaced children return to the classroom and put over 400 displaced women on a path to financial independence.

    Meanwhile, Jin Davod, the winner from Europe, drew on her own experience as a Syrian refugee to build an online platform that has connected thousands of trauma survivors with licensed therapists providing free mental health support.

    Sudanese refugee Nada Fadol, the winner from the Middle East and North Africa region, has mobilized essential aid for hundreds of refugee families fleeing to Egypt in search of safety.

    Lastly, Deepti Gurung, the winner from the Asia-Pacific region, campaigned to reform Nepal’s citizenship laws after learning that her two daughters had become stateless – opening a path to citizenship for them and thousands more in similar straits.

    The people of Moldova will also receive honourable mention for acting as a beacon of humanity. Setting aside their own economic challenges, they rapidly transformed schools, community spaces and homes into sanctuaries for more than one million people fleeing the war in Ukraine.

    © UNHCR/Etinosa Yvonne

    UNHCR Nansen Refugee Award, 2024 Regional Winner for Africa, Maimouna Ba, from Burkina Faso.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Displacement crisis reaches 123 million amid ongoing conflicts

    Source: United Nations MIL OSI b

    Migrants and Refugees

    The UN High Commissioner for Refugees, Filippo Grandi, has called for “urgent international support” as the number of forcibly displaced people worldwide reaches 123 million, with ongoing conflicts in Lebanon, Sudan and other areas driving further displacement.  

    In a statement to the Third Committee of the General Assembly, Mr. Grandi highlighted the “catastrophic” humanitarian situation in Lebanon, where Israeli airstrikes have caused massive civilian casualties and infrastructure damage, including schools, hospitals and roads. 

    “The humanitarian consequences are overwhelming and require urgent international support,” he stated, noting that 470,000 people have crossed into Syria in recent weeks. 

    In Sudan, the situation has also reached critical levels, with more than 11 million people displaced since the conflict began 18 months ago. 

    “Conditions in Sudan defy description – wanton violence, sexual atrocities, starvation, floods, disease. We are witnessing in real time the collapse of a nation’s social infrastructure,” he warned. 

    Call for new approach 

    Mr. Grandi expressed particular concern about the increasing trend of governments implementing restrictive measures that focus on border controls and sometimes attempt to “outsource, externalize or suspend asylum.” He emphasized that such approaches are “not only ineffective but also breach their international legal obligations”. 

    He called for a more comprehensive and effective approach to addressing displacement, urging countries to look beyond border control and consider “entire displacement routes”. 

    He urged countries to “look for opportunities in countries of origin” to  “strengthen the resilience of communities at risk of climate displacement”. 

    He encouraged Member States to “look for opportunities to expand legal stay and regularisation programmes in countries of asylum or transit, creating access to services and to employment”, and to establish more “pathways so people can move legally and safely.” 

    Addressing funding challenges, Mr. Grandi revealed that the UN refugee agency UNHCR, had to reduce 1,000 positions and freeze critical life-saving activities due to recent financial constraints. He noted that “funding levels for 2025 and beyond remain uncertain, further jeopardising our and host countries’ ability to respond to refugee and displacement crises in a predictable and flexible manner”. 

    “We must be able to act – together – even in difficult times,” he concluded, emphasizing the need for continued international solidarity with displaced and stateless people worldwide.  

    MIL OSI United Nations News –