NewzIntel.com

Category: Economy

  • MIL-OSI United Kingdom: Members approve 2025/26 Area Roads Capital Programme for Badenoch and Strathspey

    Source: Scotland – Highland Council

    Members of the Badenoch and Strathspey Area Committee today (10 February 2025) approved the Area Roads Capital Programme for 2025/26.

    The local allocations capital budget for 2025/26 remains to be established which will be calculated from the approved capital budget allocation being adjusted for any acceleration or slippage in the previous financial year for each area allocation, and analysis of the road condition survey results.   

    Consequently the 2025/26 area capital roads programme is currently based on the previous year’s baseline £18.1m Highland Area Roads Budget allocation. Should the approved 2025/26 budget differ from the previous budgets then the programme will be appropriately adjusted.

    The 2024/25 baseline budget for Badenoch and Strathspey area was £900,300.

    The 2024/25 Roads Budget local allocation for Badenoch and Strathspey area can be found in the report at Appendix 1. The 2025/26 programme is scheduled in Appendix 2 of the same report. 

    Chair of the Badenoch and Strathspey Area Committee, Cllr Russell Jones, said: “Members fully understand the challenges faced by our roads manager when it comes to fixing the issues on every road that requires attention, especially after another severe winter.  

    “Members would therefore like to commend the area roads team for their continued efforts to maintain our local road network.”

    Cllr Jones concluded by saying: “Members were given the opportunity to review and agree the proposed resurfacing and surface dressing programmes at their Ward business meetings and I am pleased that today we have agreed a number of programmed schemes that can be prioritised for capital funding allocation.” 

    The priority routes approved by Members today include resurfacing on:  

    • Forest Road & Seafield Avenue, Grantown (U3186)
    • Bridge of Brown (A939)
    • The Square, Grantown (A939)
    • Woodside Avenue, Grantown (U2837)
    • Deshar Road, Boat of Garten (C1128)
    • Grampian View, Aviemore (U3186)
    • Old Glen Road, Newtonmore
    • Golf Course Road, Newtonmore (C1135)

    10 Feb 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Cultural Code of the Celestial Empire: How to Do Business in China

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Mikhail Dmitriev / Higher School of Economics

    By 2035, China will overtake the United States in terms of GDP and become the world’s largest economy. Today, there are over 108 million entrepreneurs and 50 million industrial enterprises in this country. Last year, economic growth was 4.8%. This opens up unique opportunities for Russian companies. HSE experts explained how to enter one of the most promising markets.

    The HSE Expert Club “Eastern Perspective” held a business session “China: Five Steps to Entering the Market That Will Bring Profits”. The club was created by HSE experts to discuss tools, trends and insights on cooperation between Russia and the countries of Southeast Asia, the Near and Middle East, and North Africa. The participants were addressed by experts with successful experience in the Chinese market. The meeting was moderated by Deputy Director Marketing Communications Directorate HSE University Dmitry Chubarov.

    Sergey Mikhnevich, Managing Director of the Department of International Multilateral Cooperation and Integration of the Russian Union of Industrialists and Entrepreneurs, Coordinator of Russian Business Participation in the Business Twenty, Executive Secretary, Member of the Presidium of the Business Council of the Eurasian Economic Union, spoke about a possible strategy for working with the Chinese business community and GR. First of all, he noted that China is the largest trading partner for Russia, but the volume of trade is quite concentrated and is mostly tied to one or two large projects. At the same time, there is currently a shortage of good experts in China in our country. Even the number of Russians who know Chinese and study this country has noticeably decreased in recent years.

    The speaker noted a number of markers of the Chinese approach to the market, related to the consideration of national characteristics, that is, the adaptation of foreign experience to their own realities and capabilities. He assigns a key role to the government of the PRC, since certain attributes of socialism are preserved in the country, which affects, among other things, the system of development of the Chinese economy and various methods of managing it. First of all, the Chinese market is a market of tough competition with directive management methods.

    “Despite the fact that for 10-12 years the PRC has been placing a big bet on increasing the role of the domestic market as an economic driver, exports also play a colossal role. At the same time, many companies enter the Chinese market not to sell their products, but to use the country’s production capabilities and then export goods to the target market, be it the Russian Federation or the countries of the Asia-Pacific region. There are quite a few such examples in a variety of economic sectors, because China’s import needs are really very high,” he said.

    According to the expert, China currently has a need for such areas as green development, ensuring the sustainability of supply chains for goods and raw materials, and the formation of new dynamic and stable sales markets.

    Professor Faculty of World Economy and World PoliticsNatalia Guseva, head of the HSE educational programs “Business with the East”, presented the educational programs “Eastern Perspective” for entrepreneurs working with countries of the Near and Middle East, North Africa, and the Indo-Pacific region.

    The flagship five-month program “Eastern Perspective: Strategy and Tactics for Building a Business” combines the experience and practices of entering new markets in developed countries of the Global East. Intensive three-month program “Eastern Perspective: The Basics of Building a Business” is aimed at obtaining practical knowledge on business development, launching international projects in various sectors of the economy with countries of the Global East.

    Three-week program «Eastern Perspective: The Practice of Building a Business in China“focuses on knowledge, strategies and practices for building a successful business in this country.

    “We want to give listeners new knowledge and share successful cases, and sometimes failed cases, when a company loses tens and hundreds of thousands, or even millions, due to mistakes. It is very important to understand what strategy you are going to use to enter the Chinese market and how you are going to compete there,” Natalia Guseva emphasized. “For example, why do they only talk about how to export products? Why not create a local enterprise? Why not make direct foreign investments? Why not think about licensing or franchising, depending on the specifics of the product or services provided?”

    Anastasia Nasedkina, founder of a Chinese marketing agency, spoke about the peculiarities of the Chinese market Matessa, author of educational courses on Chinese advertising platforms Baidu, WeChat, Weibo, Douyin (Ocean Engine). According to her, there are a number of significant differences from the Russian and European markets that need to be understood. For example, the Chinese in most cases trade and conduct business via mobile phones, not from a desktop computer, so to enter the Chinese market, a company does not need a website: its functionality will be replaced by the official WeChat account. For the same reason, social networks are serious tools for business development there. Analogues of WhatsApp, FB, Inst and VK, which are used in China: WeChat, Weibo, Douyin, Kuaishou, QQ.

    A foreign company must register a legal entity – this will allow it to promote the brand without strict restrictions. In addition, having a legal entity increases audience loyalty. A verified WeChat account will provide a credit of trust even for a young company: legal entity accounts are strictly checked, and this takes up to six months.

    One of the most popular online platforms for watching and sharing short videos is Douyin, the Chinese version of TikTok. Its audience is very diverse: about 60% of users are between the ages of 18 and 35, followed by the audience of 35-50 years old. The platform is popular in various regions of China, with a significant portion of users coming from first- and second-tier cities, that is, developed and wealthy provinces. The platform has a built-in Douyin Shop, where you can sell products if you have a registered trademark.

    In addition, live broadcasts conducted by the brand’s official account are popular in the country. In 2021, they already accounted for 57% of all broadcasts on the Douyin platform. The content on these accounts consists of simple and short videos, the editing of which mainly comes down to adding background music and effects.

    Entering the Chinese market should always begin with research, notes Anastasia Nasedkina. It is necessary to analyze the demand of the target audience, competitors, as well as the economic and political landscape. It is also important to assess the brand’s presence in the digital environment, the adaptation of the product and service to local preferences, the ability to ensure fast and hassle-free payment for purchases through local services.

    It is also important to pay attention to national rules of negotiation. Here, the strict hierarchy of age and position, the Chinese desire to “not lose face,” as well as cultural differences with Western views on topics such as worldview, relationships, family, etc. are important.

    “When you enter the Chinese market and hire employees there, you need to somehow build interaction with them, and it is important to either have a person who understands all these cultural differences and peculiarities and can build communication, or to immerse yourself and thus build a team in China. The Chinese market is quite complex, but with proper preparation and understanding, with the right strategy, you can enter it and gain a foothold in one or two years,” she summed up.

    In conclusion, the moderator of the event, Dmitry Chubarov, once again invited the business session participants to take the HSE educational programs dedicated to the East. He emphasized that the expertise and cases that will be discussed will not be based on abstract textbooks, but on the daily successful practice of both Russian and international companies.

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Consultation launches to help shape Plymouth’s disability adaptation services

    Source: City of Plymouth

    A consultation has launched to help shape the Council’s independent living assistance policy.

    Last year, Plymouth was granted £3m to help deliver disability adaptions in the city.

    Disabled Facilities Grants (DFGs) are financial grants provided by the government to support individuals with disabilities in adapting their homes to improve accessibility and safety.

    The grant provides essential funding to help disabled individuals live safely and independently at home. Whether it’s installing ramps, adapting bathrooms, or making other vital changes, this support transforms everyday living for those who need it.

    Over the past two decades, DFGs have become a key tool in supporting the inclusion of disabled people, allowing them to maintain autonomy, dignity and reduce reliance on care. 

    Over the last three years, the Council have supported over 500 adaptations in homes.

    Teresa recently had a ramp installed on the outside of her home, in the below video, she explains how much this has made a difference to her life.

    Councillor Chris Penberthy, Cabinet Member for Housing, Cooperative Development and Communities, said: “The consultation is imperative to shaping our independent living assistance policy.

    “The adaptations make a huge difference to people’s lives. It is important to hear from residents like Teresa who have had adaptations made in their home to support their life, and how this has made a difference for her, to help shape our services for the future.

    “We ask residents to please fill out the consultation to help us shape our services for the future, and if you have had adaptations made in your home, please let us know.”

    The consultation closes on Friday 14 March.

    As part of the consultation, we will be holding two in-person workshops on 26 February.

    If you feel you could benefit from home adaptations, please email the Community Connections Team at [email protected]

    MIL OSI United Kingdom –

  • MIL-OSI: PU Prime Launches ‘Feather Your Trades’ Promotion to Support Traders and Enhance Confidence

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 10, 2025 (GLOBE NEWSWIRE) — PU Prime is launching Feather Your Trades, a promotion aimed at supporting traders in managing losses and maintaining confidence in their trading activities. Running from 15 January to 15 February 2025, clients can redeem up to $30 in Trade Loss Vouchers to offset losses on eligible closed trades.

    How It Works

    • Clients can access $30 in Trade Loss Vouchers, distributed in $5 increments (6 vouchers in total), through the PU Prime App.
    • These vouchers can be applied to offset losses on eligible closed trades.
    • The initiative encourages traders to adapt their strategies and continue engaging confidently with the markets.

    Eligibility
    The promotion is open to both new and existing clients holding Standard or Islamic Standard Accounts. Each client is eligible to redeem the vouchers once during the promotional period.

    Benefits of the Promotion

    • Convenient Access: Vouchers can be redeemed and applied directly through the app.
    • Supportive Approach: Helps offset losses, allowing traders to focus on refining their strategies.
    • Accessible to All: Designed for traders of all experience levels.

    This initiative reflects PU Prime’s commitment to fostering resilience and adaptability in trading.
    For media inquiries, the PR team can be contacted at media@puprime.com.

    About PU Prime
    Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, they offer regulated financial products across various asset classes, including forex, commodities, indices, and cryptocurrencies. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. With a presence in over 120 countries and exceeding 40 million app downloads, PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders.

    Contact

    Hong Qianyi
    PU Prime
    media@puprime.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1d4e0d4-7304-40a6-bd50-86a4057119bf

    The MIL Network –

  • MIL-OSI: Exploring the New PU Prime Website: A Fresh Look for a Prime Experience

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 10, 2025 (GLOBE NEWSWIRE) — PU Prime has unveiled its newly redesigned website, offering an intuitive, seamless, and dynamic experience for both traders and investors. This upgrade focuses on more than just a fresh look, emphasizing enhanced accessibility and improved navigation across PU Prime’s extensive range of services, making it easier for users to engage with the platform.

    What’s New

    • Optimized Navigation: Improved menus and a responsive layout make it easier to quickly locate essential information.
    • Mobile Optimization: The website is now fully optimized for all devices, ensuring a smooth browsing experience on desktops, tablets, and smartphones.
    • Enhanced Design: Featuring a clean and modern aesthetic, the redesigned website offers an engaging and intuitive experience for accessing market insights, trading tools, and educational resources.

    Easier Access to Products and Insights
    PU Prime’s redesigned website places its core products—Forex, commodities, shares, ETFs, and more—front and center, streamlining access for users to explore and trade. Additionally, the new knowledge hub provides valuable insights and resources, empowering users to stay informed and navigate the markets effectively.

    A New Perspective on PU Prime’s Journey
    PU Prime has unveiled a teaser of its new brand awareness video, now featured on the Homepage and About Us page. This creative and lighthearted video takes viewers on a journey through time, from the Stone Age to the present, offering a unique perspective on PU Prime’s origins.

    To watch the full video and explore PU Prime from a fresh perspective, users can find it here.

    Looking to the Future
    The redesigned website reflects PU Prime’s commitment to continually enhancing the trading experience. Future updates and innovations will further align with the evolving needs of users, ensuring a dynamic and user-focused platform.

    For media inquiries, the PR team can be reached at media@puprime.com.

    About PU Prime
    Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, PU Prime offers a diverse range of financial products across various asset classes, including forex, commodities, indices, and cryptocurrencies. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. Their trading platform serves a wide-reaching international audience, with over 40 million app downloads worldwide. PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders.

    Contact

    Hong Qianyi
    PU Prime
    media@puprime.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9700339-5415-4b32-8850-a9b3dc96596b

    The MIL Network –

  • MIL-OSI United Kingdom: Ilchester Estate pays nearly £28,000 for over abstracting water

    Source: United Kingdom – Executive Government & Departments

    The Environment Agency used powers to impose a Variable Monetary Penalty after the estate took more water from the Dorset Frome than it was licensed to do.

    Ilchester Estate has a licence to abstract water from a spring on the headwaters of the Dorset Frome chalk stream

    Ilchester Estate, located in Dorset, has a licence to abstract water from a spring on the headwaters of the chalk stream Dorset Frome at Evershot. The water is used to supply houses, offices, gardens and farms that go to make up the Ilchester Estate. The current annual charge invoiced by the Environment Agency under its charges scheme for the abstraction licence is £120. The estate then sets its own charges for supplying the abstracted water to businesses and residents on the estate.  

    Enough excess water to fill 3 Olympic swimming pools taken

    The licence allows the estate to abstract up to 66.6 cubic metres of water a day, but following an investigation by the Environment Agency, it was found that between December 2022 and July 2023 the authorised licence limit had been exceeded by a total of nearly 7,500 cubic metres – around three Olympic size swimming pools worth of water. Between December 2022 and January 2023 Wessex was officially in a drought.   

    Now the estate has paid a variable monetary penalty (VMP) of £19,777.69, plus costs of £8,298.60, to the Environment Agency. The penalty came after the agency had previously warned the estate to stop over abstracting water.

    In 2018 the estate was advised by the Environment Agency of how an increase to their permitted abstraction levels could be applied for. Instead, the estate said steps would be taken to reduce the amount of water being taken, but amounts abstracted continued to be above the permitted level each year through to 2023.  

    Conditions ‘flouted’ during drought

    Carolyn Lane, senior environment officer for the Environment Agency, said:

    Chalk streams are stunningly beautiful, but ecologically sensitive, watercourses. Where companies or individuals hold licences to take water from them, they cannot ignore the conditions attached and take as much water as they like. 

    In this case, the Ilchester Estate not only deliberately flouted the conditions, they did so during a drought, when it is likely that damage will have been done to the river and the surrounding environment it supports.

    The headwater reaches of the Dorset Frome have been endorsed as a Flagship Chalk Stream catchment by Wessex Water. It is one of only 200 chalk streams in the world, of which 85 per cent are in the UK. The streams contain mineral-rich pure water and are havens for wildlife. 

    Background

    To operate other than in accordance with a licence is an offence; Ilchester Estates has committed a relevant offence; namely breach of s.24 Water Resources Act 1991. 

    Variable Monetary Penalties (VMPs) are a civil sanction, brought in under the provisions of the Regulatory Enforcement and Sanctions Act 2008 and Environmental Civil Sanctions (England) Order 2010. 

    The Environment Agency may use a VMP when there is evidence of negligence or mismanagement; when there is an environmental impact; to remove an identifiable financial gain or saving as a result of the breach; or where prosecution is not necessary or can be avoided to get the most appropriate outcome, in accordance with our Enforcement and Sanctions Policy. 

    VMPs were initially capped at £250,000 for each offence, but the cap was removed for offences committed on or after 1 December 2023.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Move Digital Leads AI Revolution in 2025, Expands High-Level Consulting for Family Offices Worldwide

    Source: GlobeNewswire (MIL-OSI)

    MAHE, SEYCHELLES, Feb. 10, 2025 (GLOBE NEWSWIRE) — Move Digital, under the leadership of CEO Kristof Schöffling, is setting a groundbreaking trajectory for 2025, transitioning from an AI-first company to a premier consulting powerhouse for major family offices across Monaco, Tokyo, Hong Kong, Sydney, Bangkok, and other global financial hubs. This strategic shift positions Move Digital as the go-to advisor for high-net-worth individuals and influential organizations seeking cutting-edge AI solutions and investment exposure.

    AI-Powered Transformation Meets Elite Advisory Services

    Move Digital has long been at the forefront of technological innovation, pioneering AI-driven applications that enhance efficiency, accessibility, and user experience. Now, as the AI revolution accelerates, the company is expanding its impact beyond software—providing strategic counsel to family offices, corporations, and private investors looking to harness AI for competitive advantage.

    Schöffling’s approach is clear: AI is not just a trend; it is an economic force that, when applied correctly, redefines industries. Move Digital is uniquely positioned to advise on AI’s integration into business operations, offering solutions that improve efficiency, optimize workflows, and create long-term value.

    “Artificial intelligence is no longer a niche for tech firms—it’s a transformative asset for global investors and enterprises. Move Digital is committed to bridging the gap between AI innovation and strategic investment, ensuring that businesses and high-net-worth individuals worldwide gain real exposure to its potential,” Schöffling stated.

    Monaco: A Hub for AI Innovation and Strategic Investment

    A major focus of Move Digital’s consulting division is Monaco—a global center for wealth management and economic innovation. The firm collaborates closely with leading family offices in the principality, guiding them on AI adoption, investment strategies, and the integration of smart AI solutions into corporate infrastructures.

    Through direct engagements with high-net-worth individuals and wealth managers, Move Digital provides tailored insights into the evolving AI landscape, helping stakeholders identify lucrative opportunities and future-proof their portfolios.

    Beyond Monaco, the firm’s advisory reach extends across Tokyo, Hong Kong, Sydney, Bangkok, and other financial capitals, ensuring its clients stay ahead in the rapidly advancing AI ecosystem. Move Digital’s expertise spans AI-powered automation, investment allocation strategies, and enterprise-level AI deployments, enabling organizations to leverage intelligent systems for maximum efficiency.

    Expanding AI’s Role in Global Business and Investment

    Move Digital’s shift into high-end consulting aligns with the increasing demand for AI-focused expertise among family offices, institutional investors, and multinational corporations. The firm’s deep understanding of both AI development and its real-world applications allows it to offer exclusive insights into AI-driven wealth strategies, operational efficiencies, and next-gen technology adoption.

    As businesses and investors seek to navigate the complex AI landscape, Move Digital stands as a trusted partner—delivering tailored solutions that transform industries and secure long-term technological and financial advantages.

    About Kristof Schöffling

    Kristof Schöffling is a serial entrepreneur with over a decade of experience in emerging technologies. His leadership at Move Digital has established the company as a premier force in AI innovation and high-end consulting, helping businesses and investors capitalize on the future of artificial intelligence.

    About Move Digital

    Move Digital Limited is a global technology and consulting firm specializing in AI applications, strategic AI investment advisory, and smart AI solutions for enterprise efficiency. With operations spanning Monaco, Tokyo, Hong Kong, Sydney, Bangkok, and other major financial hubs, the company empowers family offices, high-net-worth individuals, and corporations to integrate AI for maximum impact.

    Media Contact

    Brand: Move Digital Limited

    Contact: Kristof Schöffling

    Email: hello@movedigital.io

    Website: https://movedigital.com

    The MIL Network –

  • MIL-OSI Russia: HSE Economists Describe the Portrait of a Russian Remote Worker and Platform Employee

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    In Russia, mostly married women aged 30–39 with higher education living in large cities work remotely, while platform employment is more typical for men of the same age with a wide range of qualifications from megacities. This is the conclusion reached by economists from the Higher School of Economics after analyzing digital forms of employment in the Russian labor market. The study was published in a preprint of the series “Problems of the labor market”.

    Modern technologies have changed the labor market, making remote and platform employment popular forms of work. Russia has not remained on the sidelines: remote work attracts women with higher education living in large cities, and platform employment is more typical for men working in the transport sector or in retail.

    Platform employment is work via online platforms where specialists find clients, communicate with them, and provide services or sell goods. This is how taxi drivers, couriers, psychologists, tutors, copywriters, and designers work.

    Remote employment is work that is performed outside of an office or other work premises provided by the employer. It can be organized with or without the use of digital technologies.

    Deputy Director Center for Labor Studies, National Research University Higher School of Economics Rostislav Kapelyushnikov and senior lecturer Department of Applied Economics Faculty of Economic Sciences, National Research University Higher School of Economics Daria Zinchenko conducted a study on the specifics of digital forms of employment in the Russian labor market. The study covers the period from 2020 to 2023.

    Scientists have found that in Russia, women work remotely, making up about 60% of the workforce, while men work remotely, making up 40%. According to the researchers, this is due to two circumstances. Firstly, there are traditionally more women among workers engaged in mental work (white collars), while physical work (blue collars), which is more often done by men, requires personal presence, which makes remote employment virtually impossible. Secondly, remote work allows you to devote more time and attention to family responsibilities, which traditionally fall on women.

    Among remote workers in Russia, employees aged 30–39 (36.5%) predominate; they live in cities and have higher education. Remote employment is most often used in the field of information technology, where every eighth person works online. Then come scientific and technical activities — 7%, finance and real estate transactions — 4%. This form of employment is even less common in administrative activities — about 2.5%. The outsider in this list is agriculture: there are practically no remote employees in this industry.

    In platform employment, as in remote employment, the largest group is workers aged 30 to 39. Most Russians who work in platform employment mode, like remote workers, live in large cities (82%); almost 40% have higher education. However, unlike remote work, platform employment is widely represented by blue-collar jobs with different qualification requirements, so it is more skewed towards the male audience (58%). If we talk about industries, platform employment is most often used in the field of transport and trade (about 20%), construction (about 10%) and manufacturing (slightly more than 7%). In sectors such as agriculture, mining, electricity and water supply, platform employment is almost never used.

    “Today, a significant portion of Russian workers have accumulated real experience working in these non-standard modes and are able to switch to them quickly and painlessly,” notes Daria Zinchenko, one of the authors of the study.

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Leeds Apprenticeship Recruitment Fair returns to first direct arena Leeds

    Source: City of Leeds

    The Leeds Apprenticeship Recruitment Fair takes place this week, showcasing a range of paid employment and educational opportunities from across Leeds and the wider region.

    Everyone is welcome at the free-to-attend event, organised by Leeds City Council, which is being held at the first direct arena Leeds, between 1-7pm on Wednesday, 12th February 2025.

    On the day, over 100 exhibitors will be providing information, advice, and live apprenticeship vacancies. 

    Visitors can find out about the different types of apprenticeships on offer, what they involve, and how they work, including higher and degree apprenticeships.   

    A wide range of sectors will be represented at the fair, including accounting, business and administration, catering and hospitality, construction, creative design, care services, digital, education, engineering, finance, hair and beauty, health, law, protective services and many more.

    Deputy leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor, said: “Apprenticeships offer something for everyone, from hands-on learning to degree-level qualifications, providing a fantastic route into a wide range of careers. 

    “Over the years, this fair has aided the journey of thousands of people into highly skilled and rewarding jobs. As the fastest-growing city in England, we continue to attract more quality employers each year, which is reflected in the range of apprenticeship opportunities to be showcased at this year’s fair. 

    “I would recommend anyone considering an apprenticeship to attend and find out more about opportunities in Leeds.”

    Exhibitors who will be there on the day to showcase their apprenticeship opportunities include Springfield Training, Leeds Manufacturing Festival, Jet2, Appris, Bank of England, CML, Royal Navy, KPMG, The Coders Guild, JCT 600, plus many more.  

    The event is free to attend, and everyone is welcome. Tickets are available to book online in advance at: https://bit.ly/larf25

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: SLC announces new Darlington apprenticeships during National Apprenticeship Week

    Source: United Kingdom – Executive Government & Departments

    SLC is recruiting 12 new Student Finance Officer apprentices in Darlington

    To mark National Apprenticeship Week (10-16 February), the Student Loans Company (SLC) has announced it is recruiting 12 new apprentices in Darlington.

    Applications for the Student Finance Officer (SFO) Apprenticeships are now open, and successful candidates will join the organisation’s Customer Operations team in July.

    SLC supports students across the UK to invest in their futures and unlock their potential by administering loans and grants to students in universities and colleges across the UK. The new SFO apprentices will be at the heart of this operation, supporting customers through their student finance journeys and helping to process around 1.5million applications each year.

    The 18-month programme is being delivered in conjunction with Darlington College and apprentices will work towards will work towards apprenticeship certificates in L3 Business Administrator.

    Jackie Currie, Executive Director of Customer Operations at SLC said: “It’s fantastic to be launching our latest apprentice search during National Apprenticeship Week. The theme for the week is ‘Skills for Life’ and I’m proud of the role that SLC plays in developing the talent of the future, through our apprenticeship programmes.  

    “I’m looking forward to welcoming our new apprentices to the Customer Operations Team this summer and would urge people across the North East to apply. It’s a fantastic opportunity to work and gain experience within a large public sector organisation and achieve a recognised qualification at the same time.”

    SLC currently has 29 apprentices working across all areas of the organisation, with many former apprentices continuing to progress their careers with SLC after completing their qualification.

    Thomas Goodliffe (21) joined SLC as an SFO Apprentice in 2023. He completed his Level 3 Business Administration qualification with distinction and was named Darlington College’s Apprentice of the Year award in 2024. He now has a permanent SFO position.

    He said: “I would strongly recommend SLC’s apprenticeship programme, particularly if you are just starting out and want to work and study at the same time. I received fantastic support from SLC and Darlington College, which helped me to make the most of my experience.

    “The skills that I have gained, both at work and through my studies, have given me a great start to my career and there are so many opportunities at SLC which will allow me to keep learning and developing. I’m already planning my next career steps and feel excited about what the future holds.”

    For more information and to apply, please visit https://www.civil-service-careers.gov.uk/student-loans-company-hub/.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: WOOFi launches exclusive MNT token rewards for high-yield vaults on Mantle Network

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, Saint Vincent and the Grenadines, Feb. 10, 2025 (GLOBE NEWSWIRE) — WOOFi, a leading decentralized exchange protocol in the blockchain ecosystem, is launching a four-week campaign on February 10th, incentivizing its vaults for CMETH, METH, and USDT on the Mantle network with bonus MNT tokens. In a rare move within the DeFi space, WOOFi vaults will offer the highest yields for these single-sided assets, giving users an easy, passive way to earn rewards without any management fees.

    With only a handful of decentralized exchanges offering MNT incentives, this limited-time campaign presents an exclusive opportunity for users to maximize their passive income. Participants will also be able to win additional MNT tokens through raffles, AMAs, and WOOFi Booster quests throughout the campaign period.

    “This campaign exemplifies our commitment to delivering the highest returns for our users on the Mantle network,” said Ben Yorke, VP of Ecosystem at WOO. “By offering fee-free, single-sided vaults with passive earning potential, we’re making it easier than ever for users to increase their holdings while supporting the growth of the Mantle ecosystem.”

    Users can get involved with no upfront costs and begin earning passively by staking CMETH, METH, or USDT in WOOFi’s incentivized vaults.

    Don’t miss out – join today and start earning bonus MNT tokens!

    Contact: media@woo.network

    About WOOFi
    WOOFi is a leading DEX, delivering over $70 billion in cumulative trading volume and supporting 11 blockchains. Offering a suite of products including earn vaults, simple swaps, cross-chain swaps, and perpetual futures, WOOFi is committed to providing seamless and rewarding DeFi experiences for its users. The platform’s native token, WOO, allows users to stake and share in 80% of all protocol fees, reinforcing a vibrant, community-driven ecosystem.

    Disclaimer:

    The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind.

    Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities. We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    The MIL Network –

  • MIL-OSI: NFG SA Secures Strategic Institutional Investment From Private Equity Firm, NMS Capital Group

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES and NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — NFG SA (“NFG”), a Swiss private investment firm, today announced it has entered into a binding agreement with Beverly Hills-based NMS Capital Group (“NMS Capital”) for a capital investment aimed at strengthening NFG’s balance sheet and liquidity.

    NFG, with offices in Geneva, London and Los Angeles, is a global investment firm specializing in insurance and reinsurance, financial services, asset management, energy, and real estate. The firm operates extensively across Europe, the USA, the Caribbean, Africa, and the Asia Pacific region.

    NMS Capital, a family office-backed private equity and venture capital firm based in Beverly Hills, California, was established in 2010 as the dedicated investment vehicle for the Saliba Family Office. Since its inception, NMS Capital has expanded its investment portfolio and evolved into a leading private equity firm. It has consistently ranked among the top firms in Los Angeles, most recently placing #17 on the Los Angeles Business Journal’s 2024 list.

    NMS Capital’s latest investment in NFG builds on a series of prior investments in NFG affiliates, which began in 2021. While specific terms of the new investment remain undisclosed, both parties confirm that the additional capital investment imputes a valuation of NFG at approximately $2.5 billion. The transaction is expected to close before the end of first quarter of 2025, subject to customary board and committee approvals and procedures.

    Keith D. Beekmeyer, Chairman and CEO of NFG, remarked “With this new investment capital from NMS and the Saliba family, NFG has solidified its balance sheet strength, thereby enhancing our capacity to execute strategic objectives and drive long term growth.”

    Trevor M. Saliba, NMS Capital Group Chairman and CEO commented “Over the past three years, as we worked closely with Keith and Andy to refine NMS Capital’s investment strategy – focusing on insurance, energy, infrastructure and real estate – it became evident that channeling our investment into a strategic platform company like NFG was the optimal course of action to strengthen our position in the insurance sector.”

    Saliba further added “The NFG business model has proven to be a “go to” solution for investment capital in the insurance, specialty insurance, and reinsurance sector, achieving stratospheric growth over the past two to three years. This momentum remains strong, as reflected in NFG’s recent and current targeted closed investments and acquisitions, which are projected to significantly enhance NFG’s top-line revenues for 2025 and 2026.”

    About NFG SA
    NFG SA is a global private investment firm specializing in private equity and structured finance investments in companies across the insurance, financial services, energy, infrastructure, and real estate sectors. NFG focuses on transformative business combinations within North America, Europe, Africa, and the Middle East, establishing a strategic international presence. NFG was originally founded by Keith Beekmeyer and Andy Bye in 2017, emerging from the insurance industry to address the financing needs of underbanked companies. The firm quickly expanded its capabilities through key acquisitions, including a dedicated reinsurance company, asset manager and a Lloyd’s insurance brokerage, enhancing its position within the sector. For more information, please visit www.nfgsa.com.

    About NMS Capital Group
    NMS Capital Group was established in 2010 as the dedicated investment vehicle for the Saliba Family Office, which was formed for the benefit of certain decadents of the late billionaire Naseeb M. Saliba whose businesses have generated billions of dollars in revenue since 1941 within the construction, engineering and infrastructure sectors cementing a family legacy in the construction industry dating back to the 1890s. Since its inception, NMS Capital Group has evolved into a global private investment firm, specializing in private equity, venture capital, and structured financing investments having closed transactions in businesses across multiple asset classes ranging from business and financial services, real estate, energy, infrastructure, manufacturing, and technology. In 2024 it ranked number seventeen on the list of the Top Private Equity Firms by the Los Angeles Business Journal. For more information, please visit www.nmscapital.com.

    NFG Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

  • MIL-OSI: JLT Mobile Computers wins major order worth SEK 22M to leading American company in the food production industry

    Source: GlobeNewswire (MIL-OSI)

    Växjö, Sweden, January 10 2025 * * * JLT Mobile Computers, a leading supplier of rugged computers for demanding environments, today announces that its American subsidiary has won an order for a leading food producer in the US. The order includes JLT’s logistics computers JLT1214N at a total value of SEK 22M, plus 1-year service level agreements. The units are scheduled for delivery during the first half of this year.

    The company has been a JLT customer for many years. The reliability, dependability and performance of the JLT1214N computers have been consistently demonstrated over long periods of time. Their renewed choice of JLT for their rugged computer solution is a testament to their trust in the high-quality products and service from JLT.

    To learn more about JLT Mobile Computers and the company’s products, services and solutions, visit 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 09:30 pm CET on Monday, January 10, 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.

    The MIL Network –

  • MIL-OSI: Intchains Group Limited to Report Unaudited Fourth Quarter and Full Year 2024 Financial Results on Friday, February 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, Feb. 10, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of efficient mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications, today announced it will release its unaudited financial results for the fourth quarter and full year of 2024 ended December 31, 2024.

    Conference Call Information

    The Company’s management team will host an earnings conference call to discuss its financial results at 8:00 PM U.S. Eastern Time on February 27, 2025 (9:00 AM Beijing Time on February 28, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of dial-in numbers and a personal access PIN, which will be used to join the conference call.

    Additionally, a live and archived webcast of the conference call will also be available at the Company’s website at https://intchains.com/.

    About Intchains Group Limited

    Intchains Group Limited is an innovative altcoins development company that primarily focuses on providing integrated solutions consisting of mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications. For more information, please visit the Company’s website at: https://intchains.com/.

    For investor and media inquiries, please contact:

    Intchains Group Limited

    Investor relations
    Email: ir@intchains.com

    Redhill

    Belinda Chan
    Tel: +852-9379-3045
    Email: belinda.chan@creativegp.com

    The MIL Network –

  • MIL-OSI: LEAP 2025 Opens with Announcement of Record-breaking US$14.9 Billion Investment in Artificial Intelligence

    Source: GlobeNewswire (MIL-OSI)

    • World’s premier tech accelerator event smashes own record, revealing investment deals and infrastructure partnerships by domestic and international heavyweights

    RIYADH, Kingdom of Saudi Arabia, Feb. 10, 2025 (GLOBE NEWSWIRE) — LEAP 2025, Saudi Arabia’s award-winning global tech event, announced a record-breaking US$14.9 billion in new Artificial Intelligence (AI) investments that further cement the Kingdom’s status as a world-leading AI hub.

    Revealed on the opening day of this year’s four-day event, which is being held at the Riyadh International Exhibition and Convention Centre in Malham, the new announcements increase the total amount of technology-related infrastructure investments in Saudi Arabia to more than US$42.4bn since LEAP debuted in 2022.

    The new investments in the Kingdom included an announcement between Groq and Aramco Digital confirming a US$1.5bn plan to expand AI-powered inference infrastructure and cloud computing; ALAT and Lenovo committing US$2bn to establish an advanced manufacturing and technology centre integrating AI and robotics; Google introducing new AI-driven digital infrastructure and the launch of a powerful computing cluster to meet regional and global demand; Qualcomm confirming the availability of its ALLAM language model on Qualcomm AI Cloud; and Alibaba Cloud launching the AI Enablement Programme comprising collaborations with Tuwaiq Academy and STC Academy to train national talent.

    Other announcements included Databricks investing US$300 million in integrated PaaS (Platform as a Service) solutions to empower application developers with cutting-edge AI tools; SambaNova committing US$140m to build advanced AI infrastructure; Global private equity firm KKR, in partnership with Gulf Data Hub, revealing a strategic investment in the development of data centres with a total capacity of up to 300 megawatts; Saudi Arabia’s Salesforce investing US$500m to develop Hyperforce and enhance cloud capabilities for regional customers; and Tencent Cloud allocating US$150m to establish the Middle East’s first AI-powered cloud region.

    Delivering a keynote address to formally open LEAP 2025, His Excellency Eng Abdullah Alswaha, the Saudi Minister of Communications and Information Technology (MCIT), insisted the new wave of investments brings one step closer His Royal Highness Crown Prince Mohammed bin Salman’s vision of the Kingdom’s tech sector becoming a global beacon for innovation and advancement.

    “LEAP 2025 is a defining moment because when the Kingdom works, the region works, and the whole world works,” said Alswaha. “LEAP has evolved from a movement to a multiplier effect – but now is our defining moment. Technology has catalysed Saudi Arabia as the biggest success story in youth and female empowerment in the 21st Century, and we are laser-focused on continuing that success story. The intelligence age is here and, in partnership with you, we are going to take that leap together.”

    Michael Champion, CEO of Tahaluf, which co-organises LEAP with the Saudi Ministry for Communications and Information Technology (MCIT) and the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP), added: “The massive volume of new investments announced on day one builds on the progress made at LEAP and across the Kingdom in previous years, reaffirming Saudi Arabia’s undisputed status as the primary digital accelerator in the Middle East and North Africa.”

    IBM’s Arvind Kirshna Predicts Quantum Computing Breakthrough now only “Three to Five Years Away”

    Eleven months after announcing IBM’s plans to invest US$250 million into a global software development centre in the Kingdom, Arvind Krishna, Chairman & CEO of IBM, joined HE Alswaha on the LEAP Main Stage to discuss his experiences identifying “early signals” to stay ahead of emerging industry trends.

    The trend that dominated the duo’s conversation was quantum computing – a type of computing that uses the principles of quantum mechanics to solve problems that would take classical computers millions of years to complete – with Kirishna adamant the technology is getting ever closer.

    “A breakthrough I think is only about three-to-five years in the future is quantum computing – I think we will see something amazing,” said Krishna. “We’re very excited to already be working on it with some partners in the Kingdom, but I believe quantum computing will open up areas that, for the Kingdom, will be very exciting. It will all be about materials, energy, oil and gas, possibly pharmaceuticals – all areas that are critical to the Kingdom and very much part of Vision 2030.”

    From Virtual Boxing to Futuristic Couture, Inaugural Tech Arena Opens Window to the Future

    LEAP’s newly-added Tech Arena kicked off with a series of future-focused, interactive sessions highlighting some of the latest technological advancements shaping the technology of tomorrow.
    With groundbreaking prototypes in robotics, AI, fashion tech, and mixed reality all being explored, live demonstrations were conducted by global tech influencers alongside BBC Click presenters Lara Lewington and Spencer Kelly.

    US-based Engine VR showcased Golden Gloves VR, a platform that uses virtual reality technology to provide an immersive, gamified boxing experience for fitness enthusiasts, professional athletes, and entertainment seekers.

    With professional boxer David Perez delivering a live demonstration to watching crowds, Aaron Sloan, the platform’s Founder, said: “ I used to work as a cardiac nurse, but the only two things I ever really cared about were boxing and technology. So, I quit my nursing job and opened up my own boxing gym; it burned down within a month. It made me realise that building a business in a brick-and-mortar facility was going to be really hard. It just so happened that, around this time, the Quest One headset came out. Not only was it powerful, it was also wireless, which is so crucial for our system to work,” said Sloan.

    “In order for us to get the traction we needed, we had to replicate as best we could what trainers and boxers were doing in the gym. After a number of different variations, we now have a platform that is being used by sporting bodies across the world, including the Olympics. The system also allows people of determination to take part, making the sport far more inclusive.”

    Elsewhere, TJ Rhodes, the Senior Research Scientist and Engineer on Adobe’s Project Primrose, talked audiences through the Middle East debut of its latest wearable technology. First premiered at Adobe Max in 2023, the Project Primrose dress uses non-emissive textiles and can change the way we merge fashion and technology.

    “It has so many use cases beyond the catwalk; it can be a canvas for new designs or even a low-power billboard that can flash text-based advertisements,” said Rhodes. “It is also a non-emissive material that can be cut to any shape and dynamically diffuses light. Most special effects can only be experienced on the big screen, but what Project Primrose allows us to do is transform it from the big screen to reality. Imagine if Elsa from Frozen was able to transform her dress to match her actions in a live performance. We’re still discovering the possibilities of what this technology can do.”

    More than 1,800 tech brands and 680 start-ups are exhibiting at LEAP 2025 this week, alongside a stellar lineup of 1,000-plus expert speakers across 15 stages, highlighting the tech that is shaping tomorrow.

    For more information on the event and ticket options, visit onegiantleap.com

    About LEAP:

    Saudi Arabia’s desire to shoot for something beyond the realms of the possible presents the ultimate backdrop for LEAP.

    LEAP showcases the Kingdom’s technology ambition on a global stage as it continues to grow as a hub connecting three continents. The figures speak from themselves as LEAP 2024 had an attendance of over 215,000, making it the most attended tech event in the world. LEAP features the inspiring tech of tomorrow across all major sectors including health, finance, energy, education, digital entertainment, transport, smart cities and more. The event is also led by a speaker faculty of globally celebrated technology innovators, focussing on the most innovative tech case studies from around the world.

    LEAP is not like any other tech event, from the ground up the community, stakeholders and project team are challenged every day to do something wildly creative and bold, something that reflects the seismic advances in tech adoption being seen in Saudi Arabia.

    About Tahaluf:

    Headquartered in Riyadh, Tahaluf brings together strategically important commercial communities from the Kingdom of Saudi Arabia, the wider Gulf region, and from around the world to a portfolio of world-class exhibitions and digital platforms.

    Tahaluf is a joint venture partnership between Informa PLC, the world’s largest trade show organiser, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and Events Investment Fund (EIF). Sela, the Saudi-owned event production company renowned for its creation of spectacular event experiences, intends to join the joint venture in the near future.

    In 2024 Tahaluf was responsible for the award-winning tech events LEAP & DeepFest, as well as 24 Fintech, the Global Health Exhibition, Cityscape Global, Black Hat MEA and CPHI.

    For more information about Tahaluf, visit https://tahaluf.com

    Contact:
    pragati.m@actionprgroup.com

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5fa649e4-de08-4d36-ac05-cacaaa343ac7
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d0034895-f10e-4f41-af0e-31a59b2c65d3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/6a4c9a61-18b0-4288-9f32-90fe4ad7748e
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5351de8d-badd-4734-bf1a-4899d40bc9b4
    https://www.globenewswire.com/NewsRoom/AttachmentNg/2ed8cddb-dc15-49e4-ae15-0514eb166f91

    The MIL Network –

  • MIL-OSI United Kingdom: AI and satellites speed up planning approvals by tracking wild habitats across England

    Source: United Kingdom – Executive Government & Departments

    New records reveal the government is utilising AI and technology to enhance public services, including streamlining MOT inspections and speeding up planning with satellite habitat mapping.

    How AI is improving public services and new AI Playbook will drive public sector use.

    • New records reveal how government is using AI and tech to deliver for the public – including by streamlining MOT garage inspections and using satellite habitat mapping to speed up planning
    • Comes alongside practical tips to help public sector build tech to speed up decision making and transform services for working people – delivering the Plan for Change
    • Guidance shares top tips from development of GOV.UK Chat and other advanced tech on using safeguards to ensure the tech works in the public’s interest

    AI and satellite images are being used to predict how natural habitats are changing across the country, so more current data can be used to accelerate planning proposals and stop NIMBYism getting in the way of growth and the Plan for Change. 

    Satellite images and machine learning – a type of AI – are being used by Natural England to build a detailed map of “Living England”, showing the current extent of habitats across the country. Rather than the manual surveys of the past, changes to English habitats will now be tracked more efficiently and across the country – speeding up decisions around planning and land use while better protecting nature. 

    Details of the project are being released today alongside 13 other examples of how AI and algorithmic tools are used to speed up decision making and improve public services – spanning examples including how AI is being used to better predict the weather and keep standards high at MOT testing centres.

    A new AI Playbook, published today, gives public sector technical experts top tips and guiding principles on how to replicate this work and build AI to help their organisations fix services for citizens – ultimately delivering on the government’s ambition to transform public services with AI.

    Civil servants are guided on how to buy and manage the development of AI technology in their departments and encouraged to work with AI companies closely so the technology can be put to work more quickly. 

    Today’s announcement comes as world leaders gather for the AI Action Summit in Paris, and follow’s the publication of the UK’s AI Opportunities Action Plan, which has put the UK on course to revolutionise public services and become an AI superpower – already attracting over £14 billion in investment since launching just last month.  

    Technology Secretary Peter Kyle said: 

    Every corner of the public sector can be using technology to save money, speed things up, and crucially, improve public services for people across the UK, driving our Plan for Change forward. 

    The publication of our AI Playbook today comes with a call to arms for tech specialists across the public sector – use the guidance we are sharing to put AI to work in your organisations at whiplash speed, so we can repair our broken public services together.

    Natural England’s Chief Scientist, Professor Sallie Bailey said:

    Nature restoration, development and economic growth are not opposing forces – they can and must work together to create a sustainable future for both people and wildlife.

    Our Living England project is harnessing the power of AI to inform and support planning decisions far more efficiently. This means we can make the biggest impact for Nature recovery, while helping to deliver the new homes and infrastructure the country needs.

    The AI Playbook, published by the Department for Science, Innovation and Technology, outlines ten principles civil servants building AI should follow, making sure they: 

    • Have meaningful human control at the right stages, so any decisions recommended by technology can be monitored properly, and changed rapidly if needed. 

    • Choose the right tool for the right job and avoid using AI where more basic technology can fulfil the same task. 

    • Work with teams responsible for buying technology right from the start, to make sure agreements struck with private sector companies can be utilised to maximum potential in this rapidly evolving market. 

    The Playbook also insists that public servants working with AI do so openly and collaboratively, making sure the public know how technology is being used and allowing other public sector organisations to benefit from work that has already taken place.  

    Other records being released today detail how the Driver and Vehicle Standards Agency (DVSA) uses AI to prioritise which of the 23,000 active MOT testing garages should receive an inspection next. 

    Producing a traffic light rating for every garage, the AI tool takes in data from MOT tests to spot anomalies and identify which garages should be checked first, so inspectors can confirm they are working to crucial safety standards. Previously, inspections were based only on the amount of time that had passed since the last check. 

    Today’s release follows the Technology Secretary publishing the blueprint for a modern digital government, setting out how his department will use AI and technology to help the public sector improve their services and target £45 billion in potential efficiency savings every year. This is as well as announcing a bundle of tools to be known as “Humphrey” and set to be made available to all civil servants soon.  

    Among other things, the tools will help civil servants assess responses to consultations, take minutes at meetings and analyse decades of debate from the Houses of Parliament. 

    Notes to editors

    Find the AI Playbook here.

    The full list of Algorithmic Transparency Records being published today is as follows. 

    Met Office (DSIT)

    Weather and climate forecasting: A combination of multiple different algorithmic tools used to produce weather forecasts.

    Natural England (Defra)

    Living England map: Habitat mapping for the whole of England using satellite imagery, targeted field survey and machine learning.

    DVSA (DfT)

    MOT Risk Rating: An algorithmic to identify potential non-compliance in MOT testing, and prioritise visits to MOT garages.

    Wilton Park

    Data Cleaning Tool: Enables compliance with The General Data Protection Regulation (GDPR) by identifying and automatically cleaning personal data from the Wilton Park customer database.

    OSCB (DBT)

    Interest Calculator: Assists small business owners to calculate the amount of interest due on an overdue invoice.

    National Highways (DfT)

    Highways webchat: provides customers with an additional communication channel to get immediate answers to their questions using publicly available information (such as traffic information).

    The search engine for GOV.UK. It enables users to search for information and services on GOV.UK by entering a search query to view results that are relevant to their query.

    NHS Business Services Authority (DHSC)

    Residency Checker for EHIC/GHIC/PRC: A process to support confirmation of UK residency for entitlement to healthcare in an European Economic Area (EEA) country or Switzerland.

    Department for Work and Pensions (DWP)

    Employment and Support Allowance Online Medical Matching: A tool which helps Employment and Support Allowance (ESA) officials process claims more quickly.

    Money and Pensions Service (MaPs)

    Budget Planner: A free online tool that helps users track and categorize their spending, provides a detailed breakdown of their finances, and offers personalized tips to improve their money management.

    Money and Pensions Service (MaPs)

    Redundancy Pay Calculator: Online tool designed to help individuals who have been or are at risk of being made redundant understand their legal rights, calculate their potential redundancy pay, assess their financial situation, and explore available benefits and support.

    Ministry of Justice (MoJ)

    The Effective Proposal Framework: Used by Probation Practitioners at pre-sentence stage and as part of pre-release planning to identify requirements, licence conditions and interventions for individuals based on their risk and need profile.

    Health Research Authority (DHSC)

    Proportionate Review Toolkit: A toolkit to help Research Ethics Committee applicants determine whether their project would be eligible for proportionate review.

    His Majesty’s Revenue and Customs (HMRC)

    Logo Detection and Classification Toolkit: A tool to detect unauthorised uses of HMRC’s logo.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI China: Job opportunities up for grabs in new year

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

    China is experiencing a surge in job fairs following the Spring Festival holiday, aimed at helping urban and rural workers and college graduates secure employment.

    On Wednesday, a large-scale recruitment event was held in the Zhengzhou Airport Economy Zone in Henan province. BYD, a leading Chinese electric vehicle manufacturer, announced plans to hire 20,000 workers in a single recruitment drive, drawing a massive crowd of applicants. BYD’s Zhengzhou base is offering various positions with salaries ranging from 5,000 to 9,000 yuan ($686 to $1,234) per month.

    “Our company is part of the manufacturing sector, and those who join us will gain exposure to automotive manufacturing equipment, processes and skill standards. We also hope to contribute to Henan’s development,” said a manager at Zhengzhou BYD Auto Co who requested anonymity.

    Wei Wei, head of the talent service center at the personnel department of the Party working committee in the Zhengzhou Airport Economy Zone, said: “This job fair not only ensures the resumption of work and production for enterprises, but also provides more opportunities for job seekers. It plays a role in boosting the local economy.”

    On Thursday, in Jingzhou, Hubei province, 150 companies offered nearly 5,000 positions at the first job fair after Spring Festival. The available jobs spanned various fields, including services and commerce.

    “I’m not planning to look for work elsewhere this year; I want to see if there are suitable jobs available locally,” said Yao, a job seeker who gave only his surname.

    After reviewing the job requirements and benefits from a local biotechnology company, he learned that the salary could exceed 5,000 yuan per month, which he said was “very attractive”.

    Jingzhou has organized over 200 job fairs, with an estimated 400 expected by March.

    Many migrant workers are considering returning to their hometowns for employment this year.

    On Wednesday, at a job fair in Hanchuan, Hubei, job seeker Li Xiaolin said: “I had moved to Guangdong province and was looking for a job as an electrician. However, I visited several companies at the fair and found promising opportunities here. If I find a suitable position, I might stay and work in Hanchuan.”

    On the first day of job fair activities in Hanchuan, approximately 8,600 people attended, with livestream viewers reaching 55,000.

    During Spring Festival, Jiangxi province also hosted numerous large-scale job fairs, both online and in person. One of them, held in Gao’an city, was a three-day fair aimed at assisting key groups such as college graduates and retired military personnel in finding employment or starting businesses.

    At the Gao’an fair, more than 100 companies offered over 6,000 job positions, and more than 1,200 people expressed interest in employment on-site. The Gao’an city employment and entrepreneurship service center said it will continue post-holiday employment support efforts, matching job seekers with companies and providing online and offline job services to guide local workers to opportunities and attract migrant workers to return to the city.

    MIL OSI China News –

  • MIL-OSI China: China accelerates reform of renewable power pricing to promote sustainable development

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

    China accelerates reform of renewable power pricing to promote sustainable development

    BEIJING, Feb. 10 — China is accelerating the market-oriented reform of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.

    The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing reform for electricity generated from renewable energy.

    The reform focuses on three key aspects: allowing market forces to determine renewable power pricing, establishing a pricing and settlement mechanism that supports the long-term sustainability, and adopting differentiated policies for existing and new projects.

    “This new pricing policy will significantly accelerate the construction of a modern power system and ensure the sustainable development of renewable energy,” said Zhang Dayong, deputy secretary-general of the China Association for the Promotion of Industrial Development.

    Industry experts believe this reform is essential as China enters a new stage of renewable energy development.

    China highly values the new energy sector, such as wind and solar power, rolling out an array of favorable policies spanning pricing, finance and industry. The supportive measures, including a fixed pricing mechanism, have led to exponential growth in renewable energy capacity.

    At the end of 2024, the country’s total installed renewable power capacity reached 1.41 billion kilowatts, accounting for over 40 percent of its total electricity capacity and surpassing coal-fired power installations.

    Despite this rapid expansion, the existing fixed-pricing mechanism for renewable power has struggled to reflect real market supply and demand dynamics.

    Conditions are now ripe to shift to market-based pricing, analysts said, citing falling power generation costs and an evolving market and predicting that the reform will enhance industry efficiency and ensure sustainable high-quality growth.

    The costs of wind and solar power generation in China have dropped significantly compared to early development stages, now ranging between 0.2 yuan (about 3 U.S. cents) and 0.3 yuan per kilowatt-hour. Meanwhile, local electricity markets have matured, with improved regulations facilitating broader participation.

    Song Hongkun, deputy head of the NEA, has highlighted the increasing role of market forces in power distribution. From January to October 2024, China’s market-based electricity transactions reached 5.08 trillion kilowatt-hours, with the share of market-traded electricity rising from 17 percent in 2016 to 62 percent. Notably, nearly half of all renewable power generation was traded in the market.

    “China’s renewable energy sector has taken a lead in the world, but to ensure long-term strength and healthy development, it must be tested in a competitive market environment,” said Liu Manping, an economist of the NDRC, stressing that market-based electricity pricing is at the heart of this reform.

    Experts predict that the market-oriented push will drive technological advancements in wind and solar power and further reduce costs.

    At the same time, it could lead to lower returns for some projects, steering social capital toward non-electric renewable energy applications, which will help foster the growth of China’s broader renewable energy ecosystem, Zhang said.

    MIL OSI China News –

  • MIL-OSI: Municipality Finance issues EUR 10 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

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

    Municipality Finance issues EUR 10 million notes under its MTN programme

    Municipality Finance Plc issues EUR 10 million notes on 11 February 2025. The maturity date of the notes is 11 February 2035. The notes bear interest at a fixed rate of 2.819% per annum.

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

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 11 February 2025.

    ABN AMRO Bank N.V. plc acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

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

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
    The Group’s balance sheet totals over EUR 50 billion.

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: Capgemini reveals gen AI-driven breakthrough to accelerate the bioeconomy

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Mollie Mellows
    Tel.: + 44 (0) 7342 709384
    E-mail: mollie.mellows@capgemini.com

    Capgemini reveals gen AI-driven breakthrough to accelerate the bioeconomy

    New methodology reduces the data requirements for protein engineering by 99% so organizations can unlock innovation even in resource-constrained environments

    Paris, February 10, 2025 – Capgemini today announced a new generative AI-driven methodology for protein engineering that uses a specialized protein large language model (pLLM) to predict the most effective protein variants. With a patent pending,1this novel approach will help accelerate the advancement of the global bioeconomy2and drive critical scientific breakthroughs across industries including healthcare, agriculture, and environmental science. By reducing the datapoints required to design protein sequences by over 99%, the new methodology harnesses the power of generative AI (gen AI) to drastically reduce the time and resources needed for research and development (R&D). Using this approach, Capgemini can help clients reduce the development cost of biosolutions and unlock business cases that were not previously viable.

    Breakthrough solves the data bottleneck challenge
    Advancements in engineering biology3 are expected to disrupt all industries, with half of business leaders predicting this transformation will happen within the next five years.4 However, data can be a critical bottleneck in research timelines. This new methodology makes scientific breakthroughs possible with significantly smaller data sets, enabling organizations to innovate even in resource-constrained environments. Using this novel approach, Capgemini is exceptionally positioned to help clients find and develop innovative solutions to global challenges such as disease, food security, and climate concerns.

    The methodology was created in the bespoke gen AI-driven biotechnology lab of Cambridge Consultants, the deep tech powerhouse of the Capgemini Group. The methodology was applied to several critical use cases to demonstrate how it could drive a step-change in innovation. Examples that can be readily translated to other applications include:  

    • 60% increase in plastic degradation efficiency: Capgemini’s gen AI-driven approach enhanced the cutinase enzyme, increasing its ability to break down PET plastic by 60%. This advancement is one example of how protein engineering can create novel, highly efficient and cost-effective solutions to tackle global plastic waste. By making it easier to degrade plastic, this breakthrough can support sustainability objectives and help lower operational costs associated with waste management.
    • Reduced experimentation for faster innovation: Using gen AI predictions, Capgemini reduced the number of experiments needed to identify an improved variant of the commonly cited Green Fluorescent Protein benchmark, from thousands to just 43 data points, achieving a brightness level seven times greater than that of the natural jellyfish protein. This significantly cuts down on the time and resources typically required for experimental testing, enabling quicker deployment across a range of fields, from accelerating drug discovery and enhancing diagnostic tools to advancing bioengineering applications.

    “Capgemini’s proprietary generative AI-driven approach means we are uniquely placed to enable clients to significantly accelerate their bio-journey in previously untapped areas and, crucially, contribute to helping solve many of humanity’s most pressing challenges,” said Roshan Gya, CEO of Capgemini Invent and member of the Group Executive Board. “Our new methodology is faster, more cost-effective, and opens the door to new opportunities for clients to develop innovative bio-based solutions. The Capgemini Group delivers end-to-end engineering biology and scale-up capabilities so that our clients can derive significant business value and develop proprietary IP, moving away from traditional carbon-based approaches and fueling growth in the bioeconomy.”

    Prof. Stephen Wallace, Professor of Chemical Biotechnology at the University of Edinburgh, stated: “Capgemini’s generative AI-driven approach represents a significant leap in protein engineering. By drastically reducing data requirements, Capgemini has fundamentally transformed the innovation timeline in bioengineering. This breakthrough reflects a clear vision for the future of engineering biology, leveraging the design and engineering of new biocatalysts to enable more sustainable and scalable industrial processes. With its expertise and adaptability, Capgemini is well-positioned to drive technological advances in this exciting and rapidly evolving interdisciplinary field.”

    Building on 10 years of pioneering engineering biology and AI development, the bespoke AI-driven biotechnology lab at Cambridge Consultants has been created at its UK headquarters, home to an unrivalled combination of multidisciplinary experts in biology, chemistry, gen AI, digital twins, electronics, software, sustainability and more.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.
    Get The Future You Want | www.capgemini.com

    1 A priority patent application has been submitted in GB – patent pending
    2 The bioeconomy refers to economic activity that relies on biological resources and processes (animals, plants, microorganisms, and biomass)
    3 Engineering biology is also known as synthetic biology
    4“Unlocking the power of engineering biology: The time is now”, Capgemini Research Institute, July 2024

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    The MIL Network –

  • MIL-OSI: MEXC Expands Web3 Ecosystem with Solayer (LAYER) Listing: Enhancing Security and Efficiency on Solana

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 10, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, announced the launch of the Solayer (LAYER) on February 11, accompanied by Airdrop+ rewards.

    Empowering Users through Solayer’s Decentralized Re-Staking Innovation

    As a pioneer in the cryptocurrency industry, MEXC continues to drive innovation and support emerging blockchain ecosystems.

    The listing of LAYER highlights MEXC’s first-mover advantage in offering users access to advanced blockchain projects. By adding LAYER to its platform, MEXC reinforces its commitment to providing seamless access to decentralized solutions, empowering users within the Solana ecosystem and beyond.

    About Solayer (LAYER)

    Solayer is a re-staking protocol within the Solana ecosystem, enhancing network security and efficiency. It allows users to re-stake assets like SOL, mSOL, and JitoSOL, supporting decentralized applications (dApps) and the Solana network. Learn more about Solayer pre-market trading activity in MEXC.

    Celebrate the LAYER Launch with a prize pool of 201,000 LAYER & 50,000 USDT

    To celebrate the launch of Solayer (LAYER), MEXC is introducing five exclusive activities with generous rewards, commencing on February 8, 2025, at 04:00 (UTC). These activities offer participants the chance to win LAYER tokens, USDT bonuses, and other exciting benefits, tailored for both new and experienced users.

    These activities include:

    • Event 1: Deposit and Trade to Share 160,000 LAYER (New User Exclusive).

    Deposit at least 120 LAYER or 100 USDT to qualify.
    Trade LAYER ($100) or trade LAYER perpetual Futures ($500) to earn 20 LAYER each, on a first-come, first-served basis.

    • Event 2: Spot Challenge – Trade to Share 10,000 LAYER.
    • Event 3: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses.

    The top 2,000 users with trading volumes over 20,000 USDT will share the pool, with rewards ranging from 10 USDT to 5,000 USDT.

    • Event 4: Invite New Users and Share 30,000 LAYER (first-come, first-served).
    • Event 5: Spread the Word and Win 1,000 LAYER Rewards.

    Your Easiest Way to Trending Crypto

    MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 300 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    MEXC, known for quickly listing trending tokens, expands its offerings with Solayer (LAYER). The LAYER/USDT trading market officially launched in the Innovation Zone on February 11, 2025, followed by the introduction of the LAYER USDT perpetual futures, offering adjustable leverage from 1x to 50x with both cross and isolated margin modes. MEXC also will launch Solayer Foundation (LAYER) on Convert on February 12, 2025.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7b1f7c5d-d7a3-434d-8410-500971fc2341

    The MIL Network –

  • MIL-OSI: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them in Konsolidator A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no 5-2025

    Søborg, February 10, 2025

    Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them in Konsolidator A/S

    In accordance with the Market Abuse Regulation article 19, Konsolidator must notify Finanstilsynet and publicly disclose transactions made by persons discharging managerial responsibilities and persons closely associated with them on trading of Konsolidator shares.

    Konsolidator A/S hereby notify and submit the attached transactions of shares in Konsolidator. 

    Contacts

    Certified Adviser

    About Konsolidator
    Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

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    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc’s Financial Statements Release 1 January – 31 December 2024: The year ended with a fourth quarter in line with expectations – comparable profit before taxes was strong for 2024

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 10 FEBRUARY 2025 AT 9.15 A.M. EET, FINANCIAL STATEMENTS RELEASE

    Oma Savings Bank Plc’s Financial Statements Release 1 January – 31 December 2024: The year ended with a fourth quarter in line with expectations – comparable profit before taxes was strong for 2024

    This release is a summary of Oma Savings Bank’s (OmaSp) January-December 2024 Financial Statements Release, which can be read from the pdf file attached to this stock exchange release and on the Company’s web pages www.omasp.fi

    CEO Sarianna Liiri:
    “The year 2024 has been very exceptional in the history of OmaSp. Both main sources of income developed in line with expectations and the year ended with a good quarter. Significant investments in the development of risk management processes and the implementation of an extensive action plan continued. The acquisition of Handelsbanken AB’s Finnish SME business and the expansion of the distribution network strengthened OmaSp’s market position towards the end of the year and provide a good starting point for the year beginning.

    The comparable profit before taxes was EUR 27.9 million for the fourth quarter and the comparable return on equity was 15.6 percent.

    As expected, changes in market interest rates were reflected in the development of net interest income, and in the last quarter net interest income fell by 11 percent from the comparison period. The net interest income increased by 8 percent for the whole year. Our customers value our personal and easily accessible service model. This is reflected in the development of the number of customers, which remained despite an exceptional year at a good level. With Handelsbanken’s business acquisition, OmaSp gained approximately 10,000 new customers in the autumn, and in addition to this, approximately 1,000 new customer relationships were organically created every month. In particular, fee and commission income and expenses net were increased by card and payment fees, which increased by 16 percent from the previous year. Fee and commission income and expenses net increased by 8 percent in the last quarter and by 7 percent for the full year. At the end of the year, the business focus has been especially on the reception of customers who have transferred from Handelsbanken and the start of operations in three new branches. With the expanded distribution network OmaSp now has excellent coverage in all of Finland’s key growth and provincial centers.

    OmaSp’s loan portfolio and deposit base were boosted by volumes transferred from Handelsbanken. The portfolio of housing loans grew by 5 percent, corporate loan portfolio by 8 percent and deposits by 6 percent from a year ago.

    Accumulation of impairment losses on financial assets was significantly affected by non-compliance with the guidelines and related additional allowances. In 2024, credit losses amounted to approximately EUR 84 million, of which approximately EUR 64 million were related to non-compliance with the guidelines. In the last quarter, the credit loss level remained at last year’s level.

    The Company has continued to make significant investments in risk management and the implementation of the action plan launched in the summer. As a result, the cost level remained high in the last quarter of the year. An additional EUR 5.4 million was invested in risk management processes in October–December and comparable costs increased by 44 percent during the fourth quarter. Expenses were also increased by the increased number of personnel. During the financial year, the Financial Supervisory Authority (FIN-FSA) carried out audits of the Company. Based on the audits, the observations raised by the supervisor and the development targets already identified by the Company itself support each other. The measures to develop the processes are proceeding well on schedule and the goal is to complete the development measures planned during 2024 in the first half of 2025.

    The comparable cost/income ratio remains at a good level despite significant investments and was 47.7 percent in the last quarter.

    Customer and personnel satisfaction at the center of everything
    OmaSp’s competitive advantage has been and will continue to be built on excellent customer experience. According to research, customer and personnel satisfaction have remained at an excellent level as in previous years, despite the exceptional year. Our personnel are our most essential resource, so committed and motivated personnel play a vitally important role for OmaSp’s future success. The renewed board of the Company started its work in December, and we have got five experienced board experts to strengthen the bank’s operations. In addition, the Company’s new CEO, Karri Alameri, will start his work in April at the latest.

    OmaSp’s financial position is stable, and the Company’s solvency and liquidity position is at a good level. The total capital (TC) ratio was 15.6 percent at the end of the year and the accumulation of equity is nearly EUR 580 million.

    After the changes implemented in 2024, we will now be able to focus on our core business and strengthen the customer experience of our existing and new customers. OmaSp’s ambition is to enable and solve the needs of households and small and medium-sized enterprises in all areas of the bank’s operations. In February, the history of OmaSp stretches back 150 years. From these strong starting points, we will continue in 2025 with confidence.

    Warm thanks to all customers and owners, and especially to OmaSp’s personnel for 2024!”

    January-December 2024
    • Oma Savings Bank Plc’s Extraordinary General Meeting was held on 10 December 2024. The Extraordinary General Meeting confirmed on the remuneration, number and composition of the members of the Board of Directors. The number of members of the Board of Directors was confirmed to be eight, i.e. the number of members increased by one. Aki Jaskari, Jaakko Ossa and Jaana Sandström were re-elected as Board members and Juhana Brotherus, Irma Gillberg-Hjelt, Carl Pettersson, Kati Riikonen and Juha Volotinen were elected as new members.
    • The Company’s Board of Directors appointed Karri Alameri, B.Sc. (Econ.), CEFA as the Company’s new CEO on 30 September 2024. Alameri will start his position no later than 1 April 2025.
    • On 1 September 2024, the Company completed the acquisition of Svenska Handelsbanken AB’s SME business in Finland as planned. The deposit portfolio transferred to the Company was approximately EUR 440 million and the loan portfolio approximately EUR 500 million. A goodwill of EUR 15.3 million was recognised from the acquisition. Approximately 10,000 customers transferred to the Company in the acquisition, and at the same time 30 people transferred to the Company as old employees.
    • During the second quarter, the Company launched an extensive risk management action plan (the “Noste”), which has been implemented according to plan.
    • In January–December, net interest income grew 8.1% compared with the same period last year. Net interest income totalled EUR 213.1 (197.0) million. In the last quarter, net interest income decreased by 10.5% compared to the comparison period.
    • Home mortgage portfolio increased by 5.0% during the previous 12 months. Corporate loan portfolio increased by 8.0% during the previous 12 months.
    • Deposit base increased by 5.5% over the past 12 months.
    • In January-December, fee and commission income and expenses (net) increased due to volume growth by 7.0%. In the last quarter, fee and commission income and expenses (net) increased by 7.5% compared to the comparison period.
    • In January–December, total operating income grew by 9.3% compared to the comparison period. In the last quarter, comparable total operating income remained at the same level compared to the last quarter and was EUR 68.2 (69.4) million.
    • In January-December, total operating expenses grew in total by 22.6%. The growth is mainly explained by expenses arising from business arrangements as well as from extensive risk management development projects and investigation costs related to non-compliance with the guidelines. In addition, the number of personnel increased during the year due to the business arrangements, the opening of new branches and the strengthening of risk management processes. Other operating expenses were in total EUR 69.3 (52.5) million, of which the development costs of the risk management action plan and investigation costs related to non-compliance with the guidelines amounted to EUR 11.8 million.
    • Comparable total operating expenses grew by 44.0% in the last quarter and were EUR 32.4 (22.5) million. Of this the risk management action plan (the ”Noste”) amounted to EUR 5.4 million.
    • For January-December, the impairment losses on financial assets were in total EUR -83.4 (-17.1) million. A total of EUR 64.4 million in impairment losses on financial assets were recorded in relation to non-compliance with the guidelines, of which EUR 4.9 million was final impairment losses on financial assets. Impairment losses on financial assets amounted to EUR 7.6 (7.3) million in the last quarter.
    • For January-December, profit before taxes was EUR 74.6 (138.0) million. For the last quarter, profit before taxes was EUR 22.6 (35.5) million.
    • In January-December, comparable profit before taxes was EUR 86.7 (143.6) million. For the last quarter, comparable profit before taxes was EUR 27.9 (38.8) million.
    • In January-December, cost/income ratio was 41.3 (36.9)%. In the last quarter, cost/income ratio was 52.9 (35.4)%. In January-December, comparable cost/income ratio was 37.8 (35.1)%. In the last quarter, comparable cost/income ratio was 47.7 (32.8)%.
    • In January-December, comparable return on equity (ROE) was 12.4 (25.3)%. For the last quarter, comparable return on equity (ROE) was 15.6 (23.5)%.
    • Total capital (TC) ratio was 15.6 (16.5)%.

    The Group’s key figures (1,000 euros) 1–12/2024 1–12/2023 Δ% 2024 Q4 2023 Q4 Δ%
    Net interest income 213,097 197,045 8% 50,913 56,907 -11%
    Fee and commission income and expenses, net 50,745 47,421 7% 13,105 12,188 8%
    Total operating income 270,068 247,067 9% 64,381 67,190 -4%
    Total operating expenses -111,004 -90,550 23% -33,917 -23,483 44%
    Impairment losses on financial assets, net -83,379 -17,126 387% -7,572 -7,269 4%
    Profit before taxes 74,589 138,048 -46% 22,582 35,546 -36%
    Cost/income ratio, % 41.3% 36.9% 12% 52.9% 35.4% 49%
    Balance sheet total 7,709,090 7,642,906 1% 7,709,090 7,642,906 1%
    Equity 576,143 541,052 6% 576,143 541,052 6%
    Return on assets (ROA) % 0.8% 1.6% -52% 0.9% 1.5% -40%
    Return on equity (ROE) % 10.7% 24.3% -56% 12.6% 21.5% -41%
    Earnings per share (EPS), EUR 1.80 3.49 -48% 0.54 0.85 -36%
    Total capital (TC) ratio % 15.6% 16.5% -6% 15.6% 16.5% -6%
    Common Equity Tier 1 (CET1) capital ratio % 14.4% 14.9% -3% 14.4% 14.9% -3%
                 
    Comparable profit before taxes 86,656 143,609 -40% 27,945 38,790 -28%
    Comparable cost/income ratio, % 37.8% 35.1% 8% 47.7% 32.8% 45%
    Comparable return on equity (ROE) % 12.4% 25.3% -51% 15.6% 23.5% -34%

    Outlook for the financial year 2025:
    The Company’s business outlook for the financial year 2025 will be affected by lower market interest rates and the continued high cost level due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025.

    Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management’s insight into the Group’s business development.

    We estimate the Group’s comparable profit before taxes to be EUR 65-80 million for the financial year 2025 (comparable profit before taxes was EUR 86.7 million in the financial year 2024).

    Board of Directors’ proposal for the distribution of profit to AGM
    The Board of Directors proposes to the Annual General Meeting a dividend in accordance with the dividend policy, at least 20% of the Company’s net profit. The proposal for the distribution of profit aims to increase capital buffers and maintain strong liquidity. The Board of Directors proposes that, on the basis of the Financial Statements to be adopted for 2024, a dividend of EUR 0.36 be paid from the Parent Company’s distributable profits for each share entitled to a dividend for 2024.

    The proposed record date for dividends would be 10 April 2025 and the payment date 17 April 2025.

    No material changes have taken place in the Company’s financial position after the financial year. The Company’s liquidity is good, and the proposed profit distribution does not compromise the Company’s liquidity according to the Board of Directors’ insight.

    General Meeting 
    The Annual General Meeting is scheduled to be held on 8 April 2024. The Company’s Board of Directors will convene the Annual General Meeting separately at a later date.

    Oma Savings Bank Plc

    Additional information:
    Sarianna Liiri, CEO, puh. +358 40 835 6712, sarianna.liiri@omasp.fi
    Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi

    DISTRIBUTION
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

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    The MIL Network –

  • MIL-OSI Economics: ADB and Local Currency Financing: A 20-Year Journey

    Source: Asia Development Bank

    •  ADB’s pioneering efforts in issuing local currency bonds over the past 20 years have not only mitigated currency risks for borrowers but also opened local markets to foreign investment and development finance.
    •  Innovations like currency-linked bonds and the rapid development of derivative markets have enhanced liquidity and enabled tailored funding solutions, significantly advancing local currency financing in Asia and the Pacific.
    •  Local currency finance, initially focused on private sector loans, is expanding into sovereign lending, signaling ADB’s evolving role in fostering financial innovation and development across the region.

    Twenty years ago, ADB issued its first local currency bond. The Indian rupee bond represented about $110 million equivalent at the time. Over the following three years, ADB raised funding from onshore bond issues in Malaysian ringgit, Thai baht, Chinese renminbi and Philippine peso – acting as an “icebreaker” to open these markets to foreign issuers.

    Such borrowing exercises introduced a new funding stream for ADB’s development assistance, allowing borrowers to mitigate potential currency risks associated with borrowing in foreign currencies.

    Fast forward to today, and local currency finance has gone mainstream. Development partners are no longer surprised when ADB issues bonds denominated in currencies as diverse as the Azerbaijan manat, the Indonesian rupiah or the Mongolian togrog and they recognize the invaluable role that local currency finance plays in crowding in foreign investment to developing countries.

    About a third of ADB’s private sector loans are currently delivered in local currencies, with the Thai baht, Indian rupee, Chinese renminbi, Kazakhstan tenge, and Georgian lari featuring prominently. ADB’s aggregate local currency portfolio reached more than $3.75 billion equivalent as of 31 October 2024 across more than 15 local currencies with local currency loans expected to reach 50% of private sector lending over the next years.

    What has catalyzed local currency finance?

    Over the last 20 years, local capital markets have evolved and developed significantly  across Asia and the Pacific. These developments were driven by the experience of the 1997/98 Asian financial crisis, which was at least partially caused by excessive foreign currency exposures.

    Since then, regulators, banks, and investors have made significant strides to develop local currency bond markets and improve the local currency capital market infrastructure.

    Over the last 20 years, local capital markets have evolved and developed significantly across Asia and the Pacific.

    ADB can reach certain target borrowers more effectively when it offers loans in their own currencies rather than in dollars, euros, or yen. For many of the projects that ADB supports, foreign currency denominated loans would not be feasible: a dairy business owner in Mongolia has no understanding of the risks involved in borrowing a foreign currency. Equally, a female worker in rural Kazakhstan would not begin to consider borrowing a home loan in a foreign currency. For both of these projects, ADB was able to provide suitable local currency financing solutions to meet borrower needs and avoid foreign currency mismatches.

    Importantly, the rapid development of derivative markets in the region, which include the availability of both interest rate and cross-currency swaps in several markets, has facilitated the management of liquidity by decoupling funding and disbursement transactions, while also allowing for tailored back-to-back funding transactions.

    The availability of longer-tenor financing solutions has also improved significantly in a number of the more developed Asian markets: for example, ADB was able to derive a 20-year Thai baht funding solution through the cross-currency swap market to finance a project in Lao People’s Democratic Republic, which delivered a perfect hedge for the borrower.

    Similar liquidity of varying tenors is now available in swap and bond markets in the People’s Republic of China (PRC), India, Indonesia, Malaysia, and the Philippines.

    A capital market innovation: the emergence of currency-linked bonds

    Another important innovation has also improved the availability of local currency financing: the so-called “currency-linked bond” has been a game changer for development finance.  In essence, this is a debt security denominated in a local currency but settled in US dollars.

    It relies on international documentation usually under English law, settlement occurs in international central securities depositaries, and the bonds are listed on major international stock exchanges. The impact of such structures is to crowd in international investors into local currencies by providing an easily accessible trading infrastructure.

    ADB issued its first Indian rupee currency-linked bond in 2014 and since then has issued such instruments in Armenian dram, Azerbaijan manat, Georgian lari, Indonesian rupiah, Kazakhstan tenge, Kyrgyz sum, Mongolian togrog, Pakistan rupees and Philippine pesos. In Indian rupees alone, ADB has raised more than one billion US dollars equivalent to finance private sector projects.

    Issuing innovative local currency bonds

    In countries such as Georgia and Kazakhstan where the environment is enabled, ADB has issued multiple domestic bonds including fixed rate, floating rate and even inflation-linked. Furthermore, ADB auctioned the first green (2020) and gender (2021) bonds on the Kazakhstan Stock Exchange, delivering a new asset class to the local market.

    In Georgia, ADB was the first organization to issue its domestic bonds through the Georgian Securities Settlement System (GSSS) in 2015, which operates delivery versus payment Real Time Gross Settlements (RTGS) with central bank money through the National Bank of Georgia.

    In Kazakhstan, ADB settled its domestically issued bonds through the Kazakhstan Securities Depositary, which crucially has an operational “bridge” with Clearstream in Luxembourg.

    These innovations have fostered knowledge sharing and the shift of local currency issuance infrastructure towards international best practices.

    Creating local currency liquidity pools

    Liquidity pools are commonly used to warehouse the proceeds of bond issues in mainstream currencies until project disbursements happen. ADB has developed liquidity pools in Chinese renminbi and Indian rupees, which have played an important role in shepherding in high levels of local currency development finance by providing continuous availability of funding, decoupling such availability from any specific funding transactions Further liquidity pools are in the making, as ADB’s pipelines in local currency grow and evolve.

    Working closely with national regulators and market participants, ADB’s engagement in local currency markets over the last 20 years has made significant progress.

    The next frontier: sovereign local currency loans

    Local currency finance is already well established as a financing source for ADB’s private sector loans, but it has been deployed much less in the sovereign context, which for ADB represents the largest share of lending activity. A number of sovereign borrowers have recently started to avail  local currency solutions from ADB, including a recently  completed $1.45 billion sovereign local currency loan conversion.

    Working closely with national regulators and market participants, ADB’s engagement in local currency markets over the last 20 years has made significant progress: ADB is now able to offer funding solutions in more than 15 local currencies in Asia and the Pacific. As local currency markets will further develop, the future of local currency financing in the Asia-Pacific region looks bright. 

    Authors: Roberta Casali, ADB Vice-President for Finance and Risk; Tobias Hoschka, ADB Treasurer; Jonathan Grosvenor, former ADB Assistant Treasurer

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    Subjects
    • ADB funds and products
    • Finance sector development

    MIL OSI Economics –

  • MIL-OSI: Netcompany enters into an agreement with SDC to create ‘the future of banking services’

    Source: GlobeNewswire (MIL-OSI)

    Company announcement (inside information)
    No. 09/2025

                                                     10 February 2025

    Netcompany Group A/S (“Netcompany”), SDC A/S, (“SDC”), and a majority part of the shareholders of SDC have today entered into an agreement of a transaction whereby a newly formed company of Netcompany and SDC will merge into a combined company fully owned by Netcompany. Together, Netcompany and SDC will create innovative and best-in-class banking solutions and services to the benefit of current banks running on SDC’s platform, as well as for new banks to be onboarded to the platform in the future.

    The transaction values SDC at DKK 1 billion and will include a cash payment of DKK 1 billion from Netcompany to SDC’s shareholders. The cash consideration is funded by way of utilising current credit facilities.

    Closing of the transaction is expected to take place around mid-2025, subject to regulatory and other customary conditions.

    Strategic rationale
    The transaction with SDC provides a strong foothold for Netcompany in the financial services industry, which is the highest spending vertical within IT services in Europe. In 2025, the total addressable market in DK, NO, and SE is estimated to be more than DKK 44 billion and the market is expected to grow more than 10% annually towards 2028, supporting Netcompany’s ambition of delivering continued sustainable organic growth.

    Within the financial services industry, Netcompany offers a solid product and platform suite, including AMPLIO, mit.dk, AMI and EASLEY, combined with products from Festina Finance such as Festina Advisor and Festina Life and Pension. These products and platforms supplemented by SDC’s core banking platform will be the foundation of ‘the future of banking services’. Together, Netcompany and SDC will improve the banking experience for bank customers, as well as bank employees and advisors, by introducing improved and personalised advice, self-service solutions, and end-to-end digital processes to support activities such as housing journeys and onboarding, through new industry-specific and vendor-independent banking services.

    Following the transaction, the combined workforce of Netcompany and SDC is more than 9,200 FTEs.

    André Rogaczewski, CEO Netcompany states:
    “I am thrilled to announce that we have successfully agreed on a transaction with the majority shareholders of SDC. This strategic move marks a significant milestone for Netcompany, and it aligns with our Go-To-Market strategy to expand our capabilities and enhance our service offerings within the financial services industry.
    Digitalisation is the key driver for strengthening Europe’s most critical societal areas – including the financial services industry. Netcompany already provides the digital foundation with our products and platforms in the areas of pension, customs and tax, transport and logistics, and now we are going to do the same in the financial services industry. With SDC’s core banking platform and Netcompany’s innovative DNA, products, and platforms, we are looking into unprecedented opportunities for the entire banking sector. The goal of this transaction is to create innovative and best-in-class services in Denmark, Scandinavia, and the rest of Europe, to the benefit of current and future customers, thereby adding substantial value for our shareholders and stakeholders.”

    Klaus Skjødt, Chair SDC states:
    “This is a significant milestone in SDC’s history, as we are now building upon past investments in the market’s most modern core banking platform and future-proofed online and mobile banking. Together with Netcompany, we have a shared ambition to make the banking sector a driving force for digital innovation, setting new standards for the advice and service customers can expect from their bank. We will achieve the scale and development power necessary to enhance our competitiveness and create the market’s strongest banking experience.”

    About SDC

    • SDC is a prominent IT service provider headquartered in Ballerup, Denmark, specialising in delivering comprehensive IT solutions to the financial services industry across the Nordic region.
    • SDC was founded in 1963 and offers a wide range of services, including core banking systems, digital banking solutions, and regulatory compliance tools.
    • At the end of 2024 SDC’s workforce counted 980 FTEs in three countries.
    • Prior to closing of the transaction, SDC is owned by its member banks. SDC functions as the internal IT department of the member banks, which are also in turn customers of SDC, as well as other commercial non-member banks.
    • In 2023, SDC realised revenue of DKK 1,837 million and EBITDA of DKK 286.8 million.
    • For additional information: https://www.sdc.dk/

    About Netcompany

    • Netcompany is a leading IT services company headquartered in Copenhagen, Denmark, with a strong focus on digital transformation in Europe.
    • Netcompany was founded in 2000 and delivers innovative and high-quality solutions to both public and private sector clients.
    • At the end of 2024 Netcompany’s workforce counted 8,260 FTEs in nine countries.
    • In 2024, Netcompany realised revenue of DKK 6,540.6 million and adjusted EBITDA of DKK 1,097.9 million in 2024.
    • For additional information: https://www.netcompany.com/

    Summary of the transaction

    • Netcompany will acquire 100% of the shares in SDC for a cash consideration at closing of DKK 1 billion.
    • Netcompany will make the acquisition through a newly formed company – Netcompany Banking Services A/S – which will be merging with SDC and as a consequence resulting in a fully owned subsidiary of Netcompany in which the activities of SDC are fully embedded.
    • The cash consideration is funded by way of utilising current credit facilities. The transaction will be fully debt financed within the existing covenants.
    • Due to integration costs, the transaction is expected to have a dilutive impact on EPS for the financial year 2025.
    • The transaction is expected to be EPS accretive to Netcompany from 2026 compared to 2024. Furthermore, the transaction is expected to be double-digit percentage EPS accretive by 2028 – also compared to 2024.
    • The transaction is subject to regulatory approvals in Denmark, Norway, and Faroe Island and other customary conditions.
    • Netcompany and the majority shareholders, who will continue as customers in the newly formed company after closing, will enter into a commercial IT-framework agreement (to enter into effect after closing) based on an already agreed term sheet. The agreed term sheet includes key provisions on the continued delivery of the current as-is services on a commercial market conform delivery and payment basis, a governance model with continued involvement of Netcompany and the bank customers, a fair and market-based exit model, and the transformation of the SDC platform to create ‘the future of banking services’.
    • As the agreed transaction structure is set as a merger, the closing of the transaction will formally require a two-thirds approval at a general meeting in both Netcompany’s newly formed company and SDC. The majority shareholders representing 70.94% of the outstanding share capital and voting rights in SDC have at signing of the agreement with Netcompany irrevocably provided their commitment to vote for the merger.
    • The remaining shareholders, and customers of SDC, will be given the opportunity to enter into a commercial IT-framework agreement with Netcompany on the same terms as the majority shareholders and irrevocably provide their approval to vote for the merger.

    Financial Guidance
    Financial guidance for 2025 for Netcompany on a stand-alone basis, as provided in the Annual Report 2024, is based on organic performance metrics and hence maintained. Organic revenue growth is expected between 5% and 10% and adjusted EBITDA margin between 16% and 19%.

    Netcompany expects to reinitiate it’s share buyback programmes after closing of the transaction and expects leverage at the end of 2025 to be around 1.5x.

    Webcast
    In connection with the publication of the merger, Netcompany will host a conference call on Monday, 10 February 2025 at 8.15 am CET. The conference call will be held in English and can be followed live via the company’s website; www.netcompany.com

    Dial-in details for investors and analysts:
    DK: +45 78 76 84 90
    UK: +44 20 3769 6819
    US: +1 646 787 0157

    PIN: 598046

    Webcast Player URL: https://netcompany-as.eventcdn.net/events/webcast-10-februar-2025

    Additional information
    For additional information, please contact:

    Netcompany Group A/S
    Thomas Johansen, CFO, +45 51 19 32 24
    Frederikke Linde, Head of IR, +45 60 62 60 87

    Disclaimer
    This announcement contains forward-looking statements that reflect Netcompany’s current expectations and views of future events. Some of these forward-looking statements can be identified by terms and phrases such as “estimate”, “expect”, “target”, “plan”, “project”, “will” and similar expressions. These forward-looking statements include statements relating to: the expected characteristics of the combined company; expected financial results and characteristics of the combined company; expected timing of the launch and closing of the proposed transaction and satisfaction of conditions precedent, including -regulatory conditions; and the expected benefits of the proposed transaction, including related synergies. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These statements are only predictions based upon our current expectations and projections about future events. Risks and uncertainties include: the ability of Netcompany to integrate SDC into Netcompany’s operations; the performance of the global economy; the capacity for growth in internet and technology usage; the consolidation and convergence of the industry, its suppliers and its customers; the effect of changes in governmental regulations; disruption from the proposed transaction making it more difficult to maintain relationships with customers, employees or suppliers; and the impact on the combined company (after giving effect to the proposed transaction with SDC and the shareholders of SDC) of any of the foregoing risks or forward-looking statements, as well as other risk factors listed from time to time in Netcompany’s public disclosures. The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere, including the risk factors included in any public disclosures of Netcompany. Any forward-looking statements made in this announcement are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realised or, even if substantially realised, that they will have the expected consequences to, or effects on, us or our business or operations. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI Submissions: NTT DATA Unveils Global Insights on GenAI Adoption in Banking: Divergent Strategies for Boosting Productivity vs. Cutting Costs

    Source: NTT DATA

    Research from NTT DATA finds that as GenAI adoption rises, new pressures on return of investment are at the forefront of the challenges facing the banking industry.

    TOKYO – BUSINESS WIRE – NTT DATA, a global digital business and IT services leader, has today launched a new global research report uncovering the use of generative AI (GenAI) in the banking sector worldwide. The report, titled “Intelligent banking in the Age of AI,” has found that despite the growing adoption of GenAI technology in the banking industry, banks and financial institutions are split when it comes to outcome-based strategies – only half of banks (50%) see it as a tool for improving productivity and efficiency. Similarly, half (49%) believe it can be used for reducing operational IT spend.

    Transforming Banking Through GenAI

    GenAI is more disruptive than any previous advance in banking technology. It is less a question of if, but when banks embrace this technology, due to its transformative ability to embed intelligence at every layer of the banking ecosystem, from core banking to front-end systems. GenAI is already making waves in the banking industry, with 6 in 10 organizations (58%) already fully embracing its transformative potential, an increase from 2023, when only 45% of organizations had fully embraced GenAI, according to NTT DATA’s research.

    “Generative AI represents a pivotal moment for the banking industry,” said Robb Rasmussen, Head of Global Marketing & Communications, NTT DATA. “While the potential benefits are enormous, the challenges of implementing GenAI are complex and varied, requiring careful navigation and a structured approach. Given the anticipated high spending on GenAI, achieving a return on investment is crucial. Many banks will be expecting GenAI to drive long-term savings by automating IT tasks, improving operational efficiency, and creating competitive advantages, but it’s important to note that achieving meaningful ROI requires a clear strategy, tailored implementation, and robust governance at the same time.”

    Financial constraints increasing pressure on ROI

    ROI has become a top priority for GenAI implementations, yet banking organizations are split in their opinions of which strategies are most important to them. Banks have long struggled with boosting productivity, and GenAI is poised to present a solution to this problem, but only half of banking leaders (50%) see it as a solution to current productivity woes. Cost optimization is another area where banks are split, with just under half (49%) looking to reduce IT budgets accordingly.

    This disparity is highlighted on a global scale too – for example, almost 6 in 10 US banks (59%) are keen to reduce IT budgets and almost half (47%) want to cut operations budgets, while only 4 in 10 banks in Europe (43%) have IT budgets front of mind and just over a third (36%) are concerned with operations costs. Meanwhile productivity is the most important factor for European banks (46%), yet the US and APAC are placing even more emphasis on productivity themselves in comparison.

    Key performance indicators (KPIs) that financial institutions are using or planning to use to evaluate the success of Generative AI initiatives:

    Differing strategies across differing regions

    Strategies for realizing these benefits of GenAI differ vastly among organizations too. While around half of organizations are focusing on collaboration between humans and AI (51%) or a hybrid approach with existing systems (47%), over a quarter (28%) of banks are hoping to fully automate tasks and remove the need for manual input entirely. Fully automating tasks is an area which divides opinions worldwide as well, with a quarter of banks in the UK (25%) and Europe (24%) looking to fully automate the process, while almost a third of banks (32%) in the Americas and 35% of Japanese banks are looking to do the same.

    Robb Rasmussen, Head of Global Marketing & Communications, NTT DATA added: “It is clear that the ability to balance innovation with fiscal responsibility will define success for banks. However, many banks are lacking in maturity when it comes to this technology and are unsure where to start. Partnering with systems integrators can be a good starting point, allowing them to access the latest knowledge while ensuring compliance with industry regulations. By working with specialized providers, banks can ensure that GenAI implementations can deliver the desired ROI, while maintaining robust data protection measures and meeting both internal security standards and regulatory requirements.”

    NTT DATA’s research dives into specific areas of the banking industry, including Payments and Wealth Management, as well as Fraud Prevention. To read the full report, please go to “Intelligent banking in the Age of AI”

    About the Research

    NTT DATA’s survey was carried out on 810 banking leaders, from all global banking markets, and provides a 360-degree perspective on the sector’s journey towards innovation and GenAI adoption. This survey was led by NTT DATA Group’s Global Industry Office, part of the Global Marketing & Communications Headquarters.

    MIL OSI – Submitted News –

  • MIL-OSI: Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Inside information
    10 February 2025 at 08:00 EET

    Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark

    Espoo, Finland – Nokia today announced a leadership transition. Nokia’s President and Chief Executive Officer, Pekka Lundmark, has informed the Board that he will step down. The Board has appointed Justin Hotard as the next President and Chief Executive Officer of Nokia. He will start in his new role on 1 April 2025. 

    Hotard joins Nokia with more than 25 years’ experience with global technology companies, driving innovation, technology leadership and delivering revenue growth. He currently leads the Data Center & AI Group at Intel. Prior to this role, he held several leadership roles at large technology companies, including Hewlett Packard Enterprise and NCR Corporation. He will be based at Nokia’s headquarters in Espoo, Finland.

    “I am delighted to welcome Justin to Nokia. He has a strong track record of accelerating growth in technology companies along with vast expertise in AI and data center markets, which are critical areas for Nokia’s future growth. In his previous positions, and throughout the selection process, he has demonstrated the strategic insight, vision, leadership and value creation mindset required for a CEO of Nokia,” said Sari Baldauf, Chair of Nokia’s Board of Directors.

    “I am honored by the opportunity to lead Nokia, a global leader in connectivity with a unique heritage in technology. Networks are the backbone that power society and businesses, and enable generational technology shifts like the one we are currently experiencing in AI. I am excited to get started and look forward to continuing Nokia’s transformation journey to maximize its potential for growth and value creation,” said Justin Hotard.

    After leading Nokia since 2020, Nokia’s current President and CEO, Pekka Lundmark, has decided to step down from executive roles and move on to the next phase of his career.

    “I want to thank Pekka for his significant contributions to Nokia, he will leave with our highest respect. The planning for this leadership transition was initiated when Pekka indicated to the Board that he would like to consider moving on from executive roles when the repositioning of the business was in a more advanced stage, and when the right successor had been identified. Now, both of those conditions have been met, and he has decided to step down,” said Sari Baldauf.

    She continued: “Pekka joined at a difficult time in Nokia’s history. Under his tenure, Nokia has re-established its technology leadership in 5G radio networks and built a strong position in cloud-native core networks. Network Infrastructure has delivered growth and significant profit improvement, and Nokia has secured the longevity of its patent licensing business. At the same time, Nokia has built strong foundations in new growth areas, refreshed the company’s brand and culture, transformed its operating model and rebalanced its portfolio.”

    “Leading Nokia has been a privilege. When I returned to Nokia in 2020, I called it a homecoming, and it really has felt like one. I am proud of the work our brilliant team has done in re-establishing our technology leadership and competitiveness, and positioning the company for growth in data centers, private wireless and industrial edge, and defense. This is the right time for me to move on. I have led listed companies for more than two decades and although I do not plan to stop working, I want to move on from executive roles to work in a different capacity, such as a board professional. Justin is a great choice for Nokia and I look forward to working with him on a smooth transition,” said Nokia’s President and CEO Pekka Lundmark. 

    Lundmark will step down on 31 March 2025. He will continue as an advisor to the new CEO until the end of the year. 

    An event for media and financial analysts will be held today at 10:00 EET. Link to join the webcast: https://edge.media-server.com/mmc/p/hjd9zmyx.

    Journalists and financial analysts, who wish to ask a question during the event, must dial-in to an audio-only conference call line. The attendees must pre-register here: https://dpregister.com/sreg/10196883/fe7f25be61.

    If you wish to ask a question on the call, you must mute the webcast and only use the participant dial-in during the Q&A session as there is a delay of approximately 15-30 seconds.

    Journalists and financial analysts can join via webcast or in person (Nokia’s Executive Experience Center at Karakaari 18, Espoo). Members of the media and analysts who want to participate in person, are kindly requested to show their press credential or valid ID on arrival.

    Justin Hotard, CV

    Born: 1974

    Nationality: US national 

    Experience:

    • Intel, Santa Clara, CA, 2024–present: Executive Vice President and General Manager, Data Center & AI Group
    • Hewlett Packard Enterprise, Houston, TX / Tokyo, Japan, 2015–2024: various leadership positions including:
      • Executive Vice President and General Manager, High Performance Computing, AI & Labs
      • President and Managing Director, Japan and China
    • NCR Corporation, Duluth, GA, 2007–2014: various leadership positions including: President and General Manager, Global Small Business Cloud Platform
    • Symbol Technologies (acquired by Motorola, Inc), Holtsville, NY, 2003–2007: Director, Product Management and Senior Manager, Corporate Development
    • Motorola, Inc, Arlington, IL, 1996–2000: Senior Systems Engineer

    Education:

    • Master of Business Administration, MIT Sloan School of Management, Cambridge, MA, 2002
    • Bachelor of Science in Electrical Engineering, University of Illinois Urbana-Champaign, Urbana, IL, 1997

    About Nokia 
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    FORWARD-LOOKING STATEMENTS

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to our ongoing transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “anticipate”, “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “see”, “plan” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties specified in our 2023 annual report on Form 20-F published on 29 February 2024 under Operating and financial review and prospects – Risk factors. 

    The MIL Network –

  • MIL-OSI: WISeKey’s WISeID Empowers Users with Digital Identity Control in a Geopolitically Uncertain World

    Source: GlobeNewswire (MIL-OSI)

    WISeKey’s WISeID Empowers Users with Digital Identity Control in a Geopolitically Uncertain World

    Geneva, Switzerland, February 10, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces latest suite of enhancements of WISeID, the Company’s WebTrust-compliant identity management system built to protect users’ digital identities and personal data.

    In light of current geopolitical tensions and the growing centralization of technology resources in only a few countries, it is more essential than ever for consumers to maintain control over their own digital identity. People’s digital identity represents their online persona, and ensuring it remains under each individual’s control allows them to attach various attributes to it while navigating the internet with full autonomy and consent.

    Unfortunately, many platforms compel users to create digital identities within their ecosystems, not as a service to the consumer but as a means of controlling identity data for commercial exploitation. These platforms act as identity providers, leveraging user data for monetization by selling personal information to advertisers and other third parties.

    For over 25 years, WISeKey has been a leader in digital identity solutions, prioritizing user autonomy without locking individuals into a proprietary ecosystem. WISeKey’s WISeID WebTrust-compliant identity management system, is accessible to all and designed to seamlessly integrate with existing blockchain technologies. WISeID.com enhances user protection against identity theft and strengthens privacy in today’s hyper-connected world.

    The Next Generation of WISeID: Elevating Digital Identity Security

    The latest iteration of WISeID builds upon WISeKey’s legacy of cutting-edge cybersecurity innovation, introducing a suite of enhancements that further protect users’ digital identities and personal data.

    1. Free Identity Validation

    WISeID now enables all users to verify their real identity using their computer or smartphone camera. By capturing an official identity document—such as a National ID, Driver’s License, or Passport (from most countries)—and utilizing facial recognition technology, users can confirm their identity securely and conveniently.

    2. New Types of Digital Certificates

    WISeID introduces a range of digital certificates with varying validation levels to suit different user needs:

    • Free Certificates – Available to all users, containing only an email address and valid for three months.
    • Basic Certificates – An optional subscription-based certificate with a two-year validity.
    • Advanced Certificates – Includes additional verified information such as the user’s name and country, enhancing credibility when sending emails or signing documents. This requires completing our Know Your Customer (KYC) verification process.
    • Advanced PRO Certificates – Designed for professional use, these certificates also include company details and require an organization validation process conducted by WISeKey.

    3. New Document Signing Service

    WISeID now offers a free digital document signing solution. Users can sign PDF documents directly from their computer or mobile device without needing to manually create or install certificates. Our platform automatically and securely generates single-use certificates for each signature request. The only requirement is a valid WISeID account with identity verification.

    4. New Corporate Identity Management Services

    Organizations can now leverage WISeID to provide secure identity services to their employees and customers through a corporate account. Corporate administrators gain full control over user identity creation and certificate management, eliminating the need for individual verification processes. Additionally, companies can acquire WISeSign packages, enabling employees to securely request and manage digital signatures.

    By providing decentralized, user-controlled digital identity solutions, WISeID stands in stark contrast to identity-restricting platforms. Our mission is to empower individuals and businesses with secure, verifiable, and privacy-enhancing digital identity tools, ensuring they remain in full control of their online presence.

    For more information, visit WISeID.com.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

  • MIL-OSI: EdgeSynergies Unveils Edge Data Centre Breakthrough at DSbD Showcase

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 10, 2025 (GLOBE NEWSWIRE) — EdgeSynergies are showcasing their pioneering UKRI-funded project under the Digital Security by Design (DSbD) programme, at the upcoming UK Digital Security by Design Showcase. This milestone event showcases EdgeSynergies’ secure, sustainable edge data centres, delivering low-latency compute while repurposing waste heat for decarbonisation—key to the UK’s digital future, economic resilience, and Net Zero goals.

    At the event, EdgeSynergies will unveil MoatE (Morello at the Edge), a revolutionary digitally secure, energy-efficient edge computing solution. MoatE enables data centres to repurpose waste heat energy into usable energy, supporting urban heat networks and advancing the UK’s drive towards green, low-latency computing infrastructure. This breakthrough innovation directly contributes to the United Nations Sustainable Development Goals (UNSDG), reinforcing the UK’s leadership in secure, climate-conscious digital infrastructure.

    With the rapid rise of AI, IoT, AV, VR, and edge computing, the demand for ultra-secure, high-performance, and energy-efficient edge data centres for low-latency computing has never been greater. EdgeSynergies’ MoatE harnesses the power of the UKRI-backed Morello architecture, embedding next-generation digital security by design principles to protect against cyber threats while ensuring high-efficiency computing.

    Joydeep Mondal, Founder & CEO of EdgeSynergies, said: “The UK stands at a pivotal moment in defining the future of secure, sustainable computing. EdgeSynergies’ innovation represents a critical leap forward—combining next-gen cybersecurity with circular economy principles to transform edge data centres into green energy hubs. We are excited to present MoatE at the DSbD Showcase and invite governments, investors, and industry leaders to join us in scaling this ground-breaking solution.”

    Margaret Blight, Co-Founder & CCO of EdgeSynergies, added: “The meteoric rise of AI inference is fueling a surge in demand for Edge compute. Without green solutions that revolution will have an unprecedented impact to energy, water and carbon emissions. MoatE enables us to decarbonise compute by reusing waste heat for good in the community. Our work under the UKRI Digital Security by Design programme underscores the importance of embedding security at the silicon level while addressing the environmental impact of compute infrastructure. We call on policymakers, industry leaders, and tech innovators to support this mission and drive adoption of climate-positive digital infrastructure.”

    EdgeSynergies invites government bodies, investors, compute customers, and industry partners to engage with us at the UK Digital Security by Design Showcase on 11th February 2025. This is a unique opportunity to support the UK’s ambition for secure, sustainable, and high-capacity edge computing—a vital step towards achieving Net Zero and digital sovereignty.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13711d6e-dbaf-4d9d-b3de-ed4f4dc1cdd8

    The MIL Network –

  • MIL-OSI Video: DM Morolong delivers keynote address at the MDDA Community Media Consultative Forum #SONA2025

    Source: Republic of South Africa (video statements-2)

    Deputy Minister Morolong delivers a keynote at the Community Media Consultative Forum

    Earlier today, the Deputy Minister in the Presidency, Kenny Morolong, delivered a keynote address at the Media Development & Diversity Agency (MDDA) Community Media Consultative Forum at the Khayelitsha Thusong Centre, highlighting the contributions of the sector in the past 30 years of democracy. An integral consideration for the sector includes looking into financial sustainability for community media as well as digitalization. The Forum aims to bring government, community media, industry partners, and regulatory bodies together to reflect on community media’s contributions in the past 30 years of democracy in South Africa while also tackling challenges facing the sector today, including sustainability and digitalization, to fortify the sector for the future.

    https://www.youtube.com/watch?v=GwVvlcr8KLY

    MIL OSI Video –