Category: Economy

  • MIL-OSI: New Economic Report Finds Total Quantified Value of a Terrestrial GPS Backup is $14.6 Billion

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) — NextNav Inc. (Nasdaq: NN), a leader in next-generation positioning, navigation, and timing (PNT) and 3D geolocation, announced today that its plan for a terrestrial PNT backup and complement to GPS in the Lower 900 MHz would prevent hundreds of millions of dollars in losses in the event of a global GPS outage. The Brattle Group’s economic analysis finds that a 1-day global GPS outage could cost the American economy $1.6 billion, and NextNav’s proposal could prevent a loss of $663 million to the economy for a 24-hour outage period.

    Adopting NextNav’s proposal to reconfigure the Lower 900 MHz band offers the US economy a $10.8 billion insurance policy to protect against GPS outages without taxpayer funding, plus additional benefits of $3.8 billion from increased resiliency. The total quantified value of a GPS backup is $14.6 billion based on The Brattle Group’s report.

    Conducted by economists Coleman Bazelon and Paroma Sanyal of the Brattle Group, a highly recognized global economics firm, the study carefully evaluates the potential economic impact of a GPS outage and explores various scenarios that could result in a GPS disruption. It also examines the benefits of adopting NextNav’s proposal, including enhanced location accuracy that would benefit first responders to help improve emergency services. More findings from the report are below. The full report is available here.

    “The need for greater resiliency in lifesaving and mission-critical terrestrial PNT technologies has been acknowledged by four Presidential administrations, yet few proposals have provided a clear path to a robust solution without substantial government intervention or taxpayer funding,” said Dr. Coleman Bazelon, lead economist of the report. “Our analysis shows that NextNav’s widescale solution provides a total economic value of $14.6 billion and the equivalent to more than a $10 billion insurance policy if GPS goes dark.”

    The Brattle Group Economic Analysis

    To estimate the private sector value, the Brattle Group treated the terrestrial PNT backup solution as an “insurance policy” against GPS outages. The analysis estimates the potential economic loss for a 1-day, 7-day, and 30-day GPS outage to be $1.6 billion, $12.2 billion, and $58.2 billion, respectively. In the event of an outage, NextNav’s solution could reduce losses by $663 million, $6 billion and $31.9 billion, respectively. Given the probability of these outage events, the value to the American economy of the proposed terrestrial PNT approach is the equivalent of offering a $10.8 billion economic insurance policy to protect against GPS outages.

    The report forecasts the top five sectors that would benefit most include telecommunications, maritime, telematics, location-based services, oil and gas.

    TABLE 5: POTENTIAL LOSSES BY SECTOR DUE TO A GPS OUTAGE ADRESSABLE BY NEXTNAV
    Sector   Potential Losses ($ millions)
        1-day Outage [A] 7-day Outage [B] 30-day Outage [C]
    Telecommunications [1] $51 $1,670 $13,528
    Maritime [2] $221 $1,545 $6,620
    Telematics [3] $164 $1,147 $4,915
    Location-based services [4] $89 $626 $2,681
    Oil and gas [5] $48 $333 $1,426
    Agriculture (soil mapping) [6] $42 $291 $1,247
    Mining [7] $30 $208 $890
    Surveying [8] $10 $72 $310
    Electricity [9] $9 $60 $258
    Finance [10] Negligible Negligible Negligible
    Total   $663 $5,951 $31,875
             

    Table: Summary of potential losses incurred by each sector for each outage scenario that are addressable by NextNav’s proposed 3D Terrestrial PNT Solution
    Source: The Brattle Group

    • The report also finds that additional resiliency for GPS backup has a value of $3.8 billion for the United States. Using the Government Accountability Office’s cost estimates for a jamming-resistant, military-grade GPS signal, the report estimates that NextNav’s proposal would result in additional benefits.
    • Finally, the Report examines a partial set of benefits from having a terrestrial PNT system that complements GPS. For example, first responders would benefit from more accurate location information, which would improve emergency services and save lives. The report notes that in a related context, the Federal Communications Commission stated that reducing emergency response times by one minute via improved location accuracy for emergency services could be valued at $97 billion annually.

    “The need for a reliable GPS backup is not just a national security issue, it’s an economic imperative,” said Mariam Sorond, CEO of NextNav. “Our proposal offers a solution to safeguard a system that underpins American commerce, public safety, and national security without relying on taxpayer funding. We are committed to being part of a solution that unleashes the Lower 900 MHz band’s potential and is a win for the American people.”

    Change drives innovation. With the NextNav proposal, the FCC has the opportunity to update legacy rules to ensure a safer tomorrow.

    About NextNav Inc.
    NextNav Inc. (Nasdaq: NN) is a leader in next generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav’s positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

    For more information, please visit https://nextnav.com/ or follow NextNav on X or LinkedIn.

    Media Contact:
    Howard Waterman
    hwaterma@nextnav.com
    917-359-5505

    About The Brattle Group
    The Brattle Group answers complex economic, regulatory, and financial questions for corporations, law firms, and governments around the world. We aim for the highest level of client service and quality in our industry. We are distinguished by our credibility and the clarity of our insights, which arise from the stature of our experts; affiliations with leading international academics and industry specialists; and thoughtful, timely, and transparent work. Our clients value our commitment to providing clear, independent results that withstand critical review. Brattle has over 400 talented professionals across three continents.

    Forward Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav’s future prospects, developments and business strategies. In particular, such forward-looking statements include the achievement of certain FCC-related milestones, the ability to realize the broader spectrum capacity and the advancement of NextNav’s terrestrial 3D PNT services, NextNav’s position to drive growth in its 3D geolocation business and expansion of its next generation terrestrial 3D PNT technologies, the business plans, objectives, expectations and intentions of NextNav, and NextNav’s estimated and future business strategies, competitive position, industry environment, potential growth opportunities, revenue, expenses, and profitability. These statements are based on NextNav’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

    Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to, those included in Part II, Item 1A, “Risk Factors” of the Company’s quarterly reports on Form 10-Q, and Part I, Item 1A, “Risk Factors” of the NextNav’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as those otherwise described or updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”). You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Source: NN-FIN

    The MIL Network

  • MIL-OSI: GraniteShares – Delisting ETPs – Euronext Paris

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Oct. 21, 2024 (GLOBE NEWSWIRE) —

    GraniteShares Financial Plc
    21 October 2024
    LEI: 635400MFOIY6BX1JUC92

    GRANITESHARES FINANCIAL PLC (the “Issuer”)
    NOTICE OF DELISTING

    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

    NOTICE is hereby given by the Issuer to the holders of the ETP Securities listed in Schedule 1 thereto (the “Affected Series”), that with effect from open of trading on 28 October 2024, the Relevant Series will be delisted from the exchange set out in Schedule 1 hereto. The Relevant Series will continue to trade on all other exchanges on which they are listed, as set out in Schedule 2 hereto (the “Remaining Trading Lines”).

    Capitalised terms not defined herein shall have the meaning given to them in the Issue Deed relating to the ETP Securities.

    This Notice is given by the Issuer.

    GRANITESHARES FINANCIAL PLC

    By: ______/s/ Aileen Mannion_________________

    Name:   ___ Aileen Mannion ___________________

    Title:      Director

    Ground Floor, Two Dockland Central
    Guild Street
    North Dock
    Dublin 1
    Ireland

    Schedule 1 – Affected Series

    ETP Securities Ticker ISIN SEDOL Last trading day
    GraniteShares 3x Long Airbus Daily ETP Securities 3LAR XS2376933375 BMW5LG9 25 Oct 2024
    GraniteShares 3x Short Airbus Daily ETP Securities 3SAR XS2376937442 BMW5LH0 25 Oct 2024
    GraniteShares 3x Long Volkswagen Daily ETP Securities 3LVW XS2376990417 BMW5M99 25 Oct 2024
    GraniteShares 3x Short Volkswagen Daily ETP Securities 3SVW XS2376991142 BMW5MB1 25 Oct 2024
    GraniteShares 3x Long AMD Daily ETP Securities 3LAM XS2377112110 BMW5LB4 25 Oct 2024
    GraniteShares 3x Long NIO Daily ETP Securities 3LNI XS2600249812 BN91F32 25 Oct 2024
    GraniteShares 3x Long Moderna Daily ETP Securities 3LMO XS2613356620 BRT42Q1 25 Oct 2024
    GraniteShares 3x Short UBER Daily ETP Securities 3SUB XS2626290238 BNDTBW3 25 Oct 2024
    GraniteShares 3x Short NIO Daily ETP Securities 3SNI XS2626290311 BNDTCJ7 25 Oct 2024
    GraniteShares 3x Long Facebook Daily ETP Securities 3LFB XS2656469561 BPLW388 25 Oct 2024
    GraniteShares 3x Short Tesla Daily ETP Securities 3STS XS2656471039 BP83M32 25 Oct 2024
    GraniteShares 3x Long Tesla Daily ETP Securities 3LTS XS2656472193 BP83LQ8 25 Oct 2024
    GraniteShares 3x Long Microsoft Daily ETP Securities 3LMS XS2662640627 BNYJ8J8 25 Oct 2024
    GraniteShares 3x Long UBER Daily ETP Securities 3LUB XS2662640973 BNYK9D2 25 Oct 2024
    GraniteShares 3x Short Apple Daily ETP Securities 3SAP XS2662641195 BNYKBB4 25 Oct 2024
    GraniteShares 3x Short Alphabet Daily ETP Securities 3SAL XS2671672223 BQ2L1X2 25 Oct 2024
    GraniteShares 3x Short Facebook Daily ETP Securities 3SFB XS2671672819 BQ2L217 25 Oct 2024
    GraniteShares 3x Short Amazon Daily ETP Securities 3SZN XS2671672900 BQ2L251 25 Oct 2024
    GraniteShares 3x Short Netflix Daily ETP Securities 3SNF XS2675292135 BMZ8DH0 25 Oct 2024
    GraniteShares 3x Long Amazon Daily ETP Securities 3LZN XS2675292218 BMZ8DN6 25 Oct 2024
    GraniteShares 3x Long Alphabet Daily ETP Securities 3LAL XS2675292309 BMZ8DT2 25 Oct 2024
    GraniteShares FAANG ETP Securities FANG XS2679084603 BNT9FS1 25 Oct 2024
    GraniteShares 1x Short FAANG Daily ETP Securities SFNG XS2679090162 BNT9V49 25 Oct 2024
    GraniteShares 3x Long FAANG Daily ETP Securities 3FNG XS2679091996 BNT9VF0 25 Oct 2024
    GraniteShares 3x Short FAANG Daily ETP Securities 3SFG XS2684011211 BP6LNX5 25 Oct 2024
    GraniteShares GAFAM ETP Securities GFAM XS2684011641 BQBBD59 25 Oct 2024
    GraniteShares 1x Short GAFAM Daily ETP Securities SGFM XS2684011997 BQBBDF9 25 Oct 2024
    ETP Securities Ticker ISIN SEDOL Last trading day
    GraniteShares 3x Long GAFAM Daily ETP Securities 3GFM XS2693059839 BKPLWL2 25 Oct 2024
    GraniteShares 3x Short GAFAM Daily ETP Securities 3SGF XS2693061819 BKPLWT0 25 Oct 2024
    GraniteShares FATANG ETP Securities FTNG XS2693061900 BLDC6C3 25 Oct 2024
    GraniteShares 1x Short FATANG Daily ETP Securities SFTG XS2696137772 BMX7LB9 25 Oct 2024
    GraniteShares 3x Long FATANG Daily ETP Securities 3FTG XS2696138077 BMX7LL9 25 Oct 2024
    GraniteShares 3x Short FATANG Daily ETP Securities 3SFT XS2696138150 BMX7LW0 25 Oct 2024
    GraniteShares 3x Short Microsoft Daily ETP Securities 3SMS XS2722160707 BNDSDD5 25 Oct 2024
    GraniteShares 3x Long Apple Daily ETP Securities 3LAP XS2722161424 BNDSDJ1 25 Oct 2024
    GraniteShares 3x Long NVIDIA Daily ETP Securities 3LNV XS2734938835 BNDQT31 25 Oct 2024
    GraniteShares 3x Short Palantir Daily ETP Securities 3SPA XS2836484787 BQGD0Q0 25 Oct 2024
    GraniteShares 3x Short AMD Daily ETP Securities 3SAM XS2838543457 BSMMMN6 25 Oct 2024
    GraniteShares 3x Short Moderna Daily ETP Securities 3SMO XS2838543614 BSMMN00 25 Oct 2024
    GraniteShares 3x Short NVIDIA Daily ETP Securities 3SNV XS2842095676 BS4DNR8 25 Oct 2024
    GraniteShares 3x Long Palantir Daily ETP Securities 3LPA XS2856105833 BMY3FT2 25 Oct 2024
    GraniteShares 3x Long Netflix Daily ETP Securities 3LNF XS2856106302 BMY3FX6 25 Oct 2024


    Schedule 2 – Remaining Trading Lines

    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Long Airbus Daily ETP Securities XS2376933375 London Stock Exchange LAR3 BMHWFM9 GBX
    GraniteShares 3x Short Airbus Daily ETP Securities XS2376937442 London Stock Exchange SAR3 BMHWFP2 GBX
    GraniteShares 3x Long Volkswagen Daily ETP Securities XS2376990417 London Stock Exchange LVW3 BMHWFJ6 GBX
    GraniteShares 3x Short Volkswagen Daily ETP Securities XS2376991142 London Stock Exchange SVW3 BMHWFK7 GBX
    GraniteShares 3x Long AMD Daily ETP Securities XS2377112110 Borsa Italiana – ETF Plus 3LAM BP9MTV5 EUR
    London Stock Exchange 3LAM BMHW8T7 USD
    London Stock Exchange LAM3 BMHWF07 GBP
    GraniteShares 3x Long NIO Daily ETP Securities XS2600249812 Borsa Italiana – ETF Plus 3LNI BN91F21 EUR
    London Stock Exchange 3LIE BN91F09 EUR
    London Stock Exchange 3LNI BN91DY9 USD
    London Stock Exchange 3LIP BN91F10 GBX
    GraniteShares 3x Long Moderna Daily ETP Securities XS2613356620 Borsa Italiana – ETF Plus 3LMO BL54928 EUR
    London Stock Exchange 3LMO BL54939 USD
    London Stock Exchange MOL3 BL54940 GBP
    GraniteShares 3x Short UBER Daily ETP Securities XS2626290238 Borsa Italiana – ETF Plus 3SUB BNDTBX4 EUR
    London Stock Exchange 3SUE BNDTC97 EUR
    London Stock Exchange 3SUB BNDTC86 USD
    London Stock Exchange 3SUP BNDTCB9 GBX
    GraniteShares 3x Short NIO Daily ETP Securities XS2626290311 Borsa Italiana – ETF Plus 3SNI BNDTCL9 EUR
    London Stock Exchange 3SIE BNDTCP3 EUR
    London Stock Exchange 3SNI BNDTCN1 USD
    London Stock Exchange 3SIP BNDTCQ4 GBX
    GraniteShares 3x Long Facebook Daily ETP Securities XS2656469561 Borsa Italiana – ETF Plus 3LFB BPLW377 EUR
    London Stock Exchange 3LFE BPLW366 EUR
    London Stock Exchange 3LFB BPLW322 USD
    London Stock Exchange 3LFP BPLW333 GBX
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short Tesla Daily ETP Securities XS2656471039 Borsa Italiana – ETF Plus 3STS BP83M21 EUR
    London Stock Exchange 3STE BP83M10 EUR
    London Stock Exchange 3STS BP83LZ7 USD
    London Stock Exchange 3STP BP83M09 GBX
    GraniteShares 3x Long Tesla Daily ETP Securities XS2656472193 Borsa Italiana – ETF Plus 3LTS BP83KJ4 EUR
    London Stock Exchange 3LTE BP83K94 EUR
    London Stock Exchange 3LTS BP83K61 USD
    London Stock Exchange 3LTP BP83K83 GBX
    GraniteShares 3x Long Microsoft Daily ETP Securities XS2662640627 Borsa Italiana – ETF Plus 3LMS BNYJ8H6 EUR
    London Stock Exchange 3LME BNYJ8C1 EUR
    London Stock Exchange 3LMS BNYJ898 USD
    London Stock Exchange 3LMP BNYJ8B0 GBX
    GraniteShares 3x Long UBER Daily ETP Securities XS2662640973 Borsa Italiana – ETF Plus 3LUB BNYK9C1 EUR
    London Stock Exchange 3LUE BNYK987 EUR
    London Stock Exchange 3LUB BNYJXJ3 USD
    London Stock Exchange 3LUP BNYK976 GBX
    GraniteShares 3x Short Apple Daily ETP Securities XS2662641195 Borsa Italiana – ETF Plus 3SAP BNYKB03 EUR
    London Stock Exchange 3SAE BNYK9Z4 EUR
    London Stock Exchange 3SAP BNYK9T8 USD
    London Stock Exchange 3SWP BNYK9V0 GBX
    GraniteShares 3x Short Alphabet Daily ETP Securities XS2671672223 Borsa Italiana – ETF Plus 3SAL BQ2L1W1 EUR
    London Stock Exchange 3SGE BQ2L1V0 EUR
    London Stock Exchange 3SAL BQ2KSF0 USD
    London Stock Exchange 3SGP BQ2L1T8 GBX
    GraniteShares 3x Short Facebook Daily ETP Securities XS2671672819 Borsa Italiana – ETF Plus 3SFB BQ2L206 EUR
    London Stock Exchange 3SFE BQ2L1Z4 EUR
    London Stock Exchange 3SFB BQ2KSG1 USD
    London Stock Exchange 3SFP BQ2L1Y3 GBX
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short Amazon Daily ETP Securities XS2671672900 Borsa Italiana – ETF Plus 3SZN BQ2L240 EUR
    London Stock Exchange 3SPE BQ2L239 EUR
    London Stock Exchange 3SZN BQ2L1M1 USD
    London Stock Exchange 3SZP BQ2L228 GBX
    GraniteShares 3x Short Netflix Daily ETP Securities XS2675292135 Borsa Italiana – ETF Plus 3SNF BMZ8DJ2 EUR
    London Stock Exchange 3SNE BMZ8DF8 EUR
    London Stock Exchange 3SNF BMZ8DD6 USD
    London Stock Exchange 3SNP BMZ8DG9 GBX
    GraniteShares 3x Long Amazon Daily ETP Securities XS2675292218 Borsa Italiana – ETF Plus 3LZN BMZ8DP8 EUR
    London Stock Exchange 3LPE BMZ8DL4 EUR
    London Stock Exchange 3LZN BMZ8DK3 USD
    London Stock Exchange 3LZP BMZ8DM5 GBX
    GraniteShares 3x Long Alphabet Daily ETP Securities XS2675292309 Borsa Italiana – ETF Plus 3LAL BMZ8DV4 EUR
    London Stock Exchange 3LGE BMZ8DR0 EUR
    London Stock Exchange 3LAL BMZ8DQ9 USD
    London Stock Exchange 3LGP BMZ8DS1 GBX
    GraniteShares FAANG ETP Securities XS2679084603 Borsa Italiana – ETF Plus FANG BNT9FQ9 EUR
    Deutsche Boerse FNNG BNT9FR0 EUR
    London Stock Exchange FANE BNT9FP8 EUR
    London Stock Exchange FANG BNT9FM5 USD
    London Stock Exchange FANP BNT9FN6 GBX
    GraniteShares 1x Short FAANG Daily ETP Securities XS2679090162 Borsa Italiana – ETF Plus SFNG BNT9VB6 EUR
    Deutsche Boerse FNNS BNT9V94 EUR
    London Stock Exchange SFNE BNT9V72 EUR
    London Stock Exchange SFNG BNT9V50 USD
    London Stock Exchange SFNP BNT9V61 GBX
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Long FAANG Daily ETP Securities XS2679091996 Borsa Italiana – ETF Plus 3FNG BNT9VC7 EUR
    Deutsche Boerse FA3L BNT9VD8 EUR
    London Stock Exchange 3FNE BNT9VH2 EUR
    London Stock Exchange 3FNG BNT9VG1 USD
    London Stock Exchange 3FNP BNT9VJ4 GBX
    GraniteShares 3x Short FAANG Daily ETP Securities XS2684011211 Borsa Italiana – ETF Plus 3SFG BP6LNR9 EUR
    Deutsche Boerse FA3S BP6LNZ7 EUR
    London Stock Exchange 3S1E BP6LNM4 EUR
    London Stock Exchange 3SFG BP6LNK2 USD
    London Stock Exchange 3S1P BP6LNL3 GBX
    GraniteShares GAFAM ETP Securities XS2684011641 Borsa Italiana – ETF Plus GFAM BQBBD48 EUR
    Deutsche Boerse GFAM BQBBD60 EUR
    London Stock Exchange GFME BQBBD37 EUR
    London Stock Exchange GFAM BQBBD15 USD
    London Stock Exchange GFMP BQBBD26 GBX
    GraniteShares 1x Short GAFAM Daily ETP Securities XS2684011997 Borsa Italiana – ETF Plus SGFM BQBBDC6 EUR
    Deutsche Boerse GF1S BQBBDG0 EUR
    London Stock Exchange SGME BQBBDB5 EUR
    London Stock Exchange SGFM BQBBD82 USD
    London Stock Exchange SGMP BQBBD93 GBX
    GraniteShares 3x Long GAFAM Daily ETP Securities XS2693059839 Borsa Italiana – ETF Plus 3GFM BKPLWM3 EUR
    Deutsche Boerse GF3L BKPLWN4 EUR
    London Stock Exchange 3GME BKPLWJ0 EUR
    London Stock Exchange 3GFM BKPLWH8 USD
    London Stock Exchange 3GMP BKPLWK1 GBX
               
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short GAFAM Daily ETP Securities XS2693061819 Borsa Italiana – ETF Plus 3SGF BKPLX53 EUR
    Deutsche Boerse GF3S BKPMLX0 EUR
    London Stock Exchange 3S2E BKPLWQ7 EUR
    London Stock Exchange 3SGF BKPLWP6 USD
    London Stock Exchange 3S2P BKPLWS9 GBX
    GraniteShares FATANG ETP Securities XS2693061900 Borsa Italiana – ETF Plus FTNG BMBXTG0 EUR
    Deutsche Boerse FATN BNTYJR3 EUR
    London Stock Exchange FTNE BKPMM04 EUR
    London Stock Exchange FTNG BKPMLY1 USD
    London Stock Exchange FTNP BKPMM15 GBX
    GraniteShares 1x Short FATANG Daily ETP Securities XS2696137772 Borsa Italiana – ETF Plus SFTG BMX7LC0 EUR
    Deutsche Boerse 1SFT BMX7LD1 EUR
    London Stock Exchange SFTE BMX7L75 EUR
    London Stock Exchange SFTG BMX7L64 USD
    London Stock Exchange SFTP BMX7L86 GBX
    GraniteShares 3x Long FATANG Daily ETP Securities XS2696138077 Borsa Italiana – ETF Plus 3FTG BMX7LM0 EUR
    Deutsche Boerse 3FTG BMX7LN1 EUR
    London Stock Exchange 3FTE BMX7LJ7 EUR
    London Stock Exchange 3FTG BMX7LH5 USD
    London Stock Exchange 3FTP BMX7LK8 GBX
    GraniteShares 3x Long FATANG Daily ETP Securities XS2696138150 Borsa Italiana – ETF Plus 3SFT BMX7LX1 EUR
    Deutsche Boerse FT3S BMX7LY2 EUR
    London Stock Exchange 3S3E BMX7LT7 EUR
    London Stock Exchange 3SFT BMX7LR5 USD
    London Stock Exchange 3S3P BMX7LV9 GBX
               
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short Microsoft Daily ETP Securities XS2722160707 Borsa Italiana – ETF Plus 3SMS BNDSDF7 EUR
    London Stock Exchange 3SME BNDSDB3 EUR
    London Stock Exchange 3SMS BNDSD79 USD
    London Stock Exchange 3SMP BNDSDC4 GBX
    GraniteShares 3x Long Apple Daily ETP Securities XS2722161424 Borsa Italiana – ETF Plus 3LAP BNDSDK2 EUR
    London Stock Exchange 3LAE BNDSDG8 EUR
    London Stock Exchange 3LAP BNDSD80 USD
    London Stock Exchange 3LWP BNDSDH9 GBX
    GraniteShares 3x Long NVIDIA Daily ETP Securities XS2734938835 Borsa Italiana – ETF Plus 3LNV BNDQT19 EUR
    London Stock Exchange 3LVE BNDQT08 EUR
    London Stock Exchange 3LNV BNDQSX4 USD
    London Stock Exchange 3LVP BNDQSZ6 GBX
    GraniteShares 3x Short Palantir Daily ETP Securities XS2836484787 Borsa Italiana – ETF Plus 3SPA BQGD0P9 EUR
    London Stock Exchange 3SPA BQGD0M6 USD
    London Stock Exchange SPL3 BQGD0N7 GBP
    GraniteShares 3x Short AMD Daily ETP Securities XS2838543457 Borsa Italiana – ETF Plus 3SAM BSMMMP8 EUR
    London Stock Exchange 3SMD BSMMMQ9 USD
    London Stock Exchange SAM3 BSMMMR0 GBP
    GraniteShares 3x Short Moderna Daily ETP Securities XS2838543614 Borsa Italiana – ETF Plus 3SMO BSMMN11 EUR
    London Stock Exchange 3SMO BSMMN22 USD
    London Stock Exchange SOL3 BSMMN33 GBP
    GraniteShares 3x Short NVIDIA Daily ETP Securities XS2842095676 Borsa Italiana – ETF Plus 3SNV BS4DNQ7 EUR
    London Stock Exchange 3SVE BS4DNP6 EUR
    London Stock Exchange 3SNV BS4DNM3 USD
    London Stock Exchange 3SVP BS4DNN4 GBX
    GraniteShares 3x Long Palantir Daily ETP Securities XS2856105833 Borsa Italiana – ETF Plus 3LPA BMY3FV4 EUR
    London Stock Exchange 3LPA BRXCWT4 USD
    London Stock Exchange PAL3 BRXCWV6 GBP
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Long Netflix Daily ETP Securities XS2856106302 Borsa Italiana – ETF Plus 3LNF BMY3FW5 EUR
    London Stock Exchange 3LNE BRXCWX8 EUR
    London Stock Exchange 3LNF BRXCWW7 USD
    London Stock Exchange 3LNP BRXCWZ0 GBX
               
               

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit http://www.rns.com.

    The MIL Network

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

    Source: Microsoft

    Headline: New autonomous agents scale your team like never before

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

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

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

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

    Empowering more customers to build autonomous agents in Copilot Studio 

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

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

    Scaling your teams with 10 new autonomous agents in Dynamics 365  

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

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

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

    Microsoft’s own transformation  

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

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

    YouTube Video

    NOTES

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

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

    MIL OSI Economics

  • MIL-OSI Banking: New autonomous agents scale your team like never before

    Source: Microsoft

    Headline: New autonomous agents scale your team like never before

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

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

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

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

    Empowering more customers to build autonomous agents in Copilot Studio 

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

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

    Scaling your teams with 10 new autonomous agents in Dynamics 365  

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

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

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

    Microsoft’s own transformation  

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

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

    YouTube Video

    NOTES

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

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

    MIL OSI Global Banks

  • MIL-OSI Global: Aurora and Springfield aren’t the first cities to become flash points in US immigration debate − here’s what happened in other places used as political soapboxes

    Source: The Conversation – USA – By Miranda Cady Hallett, Associate Professor of Anthropology and Human Rights Center Research Fellow, University of Dayton

    Many Americans had probably never heard of Aurora, Colorado, or Springfield, Ohio, before Donald Trump broadcast his false claims about these cities nationwide late in the 2024 presidential campaign.

    First, in September 2024, the Republican presidential nominee claimed in a debate with Kamala Harris that Haitian immigrants in Ohio were stealing and eating other residents’ pets. A month later, at a rally in Aurora, Trump declared that city to be a “war zone” overrun by Venezuelan gangs.

    Trump’s false claims went viral, creating chaos for these communities. Reporters rushed in. In Springfield, so did bomb threats.

    These stories feel familiar to me as an anthropologist whose work has explored the social dynamics of immigrant destinations in the United States. Springfield and Aurora are only the latest small cities to become sudden flash points in America’s ongoing – and increasingly heated – immigration debate.

    Siler City, North Carolina

    The small town of Siler City, North Carolina, was used as a backdrop for anti-immigrant political rhetoric a quarter century ago.

    In the late 20th century, jobs in Siler City’s local poultry industry became a magnet for Latin American immigrants and their families, leading to rapid demographic change. In 1990, the town was 98% white and African American. By the 2000 census, almost 40% of the town’s 6,000 residents identified as Hispanic or Latino.

    This shift caused some racial tension, and in 2000 the notoriously racist politician David Duke headlined an anti-immigrant rally outside City Hall in Siler City.

    Duke, who was also a former Louisiana state representative and former Ku Klux Klan grand wizard, railed against Latin American immigrants.

    “Do you understand that immigration will destroy the foundations of this country?” Duke asked. “When you have more diversity, you end up with more division and more conflict,” he said, warning of “extinction” for white people in the U.S.

    Duke also railed against school integration. Thirty-five years after desegregation, this remained a favorite complaint of white supremacists.

    Only a handful of people, many of them from out of town, showed up to support Duke’s message, carrying signs like “The Melting Pot is Boiling Over.”

    In the short term, Duke’s rally exacerbated polarization in Siler City. It also stoked fear and anxiety among foreign-born residents, some of whom believed the local government had endorsed Duke’s message because the rally took place in front of the town hall.

    Looking back, however, many Siler City residents see the David Duke incident as a turning point – toward an improvement in ethnic relations in their town.

    After Duke’s rally, local politicians spoke out against the divisiveness and hatred. Within a few months, residents offended by the anti-immigrant rally had organized a unity event and cultural festival.

    By the time I visited Siler City in 2008 as a graduate research assistant studying new immigration destinations, many locals noted with pride that white supremacists could gain no foothold in town. They said Duke’s racist rally caused neighbors to stop and think, and decide what side they were on.

    Today, Siler City has an immigrant community advisory board, and the government actively works to promote integration and social cohesion among residents.

    Lewiston, Maine

    A similar story unfolded in the working-class Maine city of Lewiston in 2002 after its mayor wrote a public letter about the city’s rising refugee population.

    Just over 1,000 Somali refugees had settled in the city in the preceding year, having been displaced by civil war and drought back home.

    “This large number of new arrivals cannot continue without negative results for all,” Mayor Laurier Raymond wrote. “Our city is maxed out financially, physically and emotionally.”

    He called on Somali people to “pass the word (that) we have been overwhelmed.”

    Raymond’s letter got the attention of organized white supremacist groups, who descended on Lewiston, a former sawmill hub of about 35,000 people. In response, local people formed an ad hoc community organization called “Many and One,” and when the hate group World Church of the Creator rallied in Lewiston on Jan. 11, 2003, only 36 people attended. About 4,000 counter-protesters came out to support the Somali community.

    A film crew that had showed up to document the conflict ended up telling the story of Lewistonians sending a message of acceptance and unity.

    The temporary stresses on Lewiston were real, but in general locals came down on the side of inclusion and welcome. By 2021, Lewiston had one of the country’s highest per capita populations of Muslim residents, and of Somali-Americans.

    Twenty years later, the arrival of Somali families has become part of the story Lewiston tells about its history and identity.

    Conservative and anti-immigrant messages continue to resonate in the town. Yet many locals, like author Cynthia Anderson, say they are “moved and inspired” by the resilience of their Somali-American neighbors.

    Like most Haitians living in Springfield, Somali people did not choose to leave their country. They were displaced, and many were traumatized – yet they built new lives and contributed to the community.

    What can this history tell us now?

    While there are key differences between Springfield, Aurora, Siler City and Lewiston, these four places also share many attributes.

    These are all economically beleaguered cities with higher crime rates than the U.S. average but lower housing costs and more entry-level jobs in manufacturing. Such places are sometimes called “emerging gateway cities,” because they are appealing to immigrant families seeking opportunity.

    Yet the same conditions also make these cities attractive to political figures seeking a stage to blame immigrants for the community’s preexisting economic, social and public safety challenges.

    As in Siler City and Lewiston, Springfield and Aurora have mainly rejected false political claims and negative messages about their immigrant residents.

    In Springfield, residents have organized rallies and a prayer vigil in solidarity with Haitians, and Ohio’s Republican governor defended the city against Trump’s allegations.

    The Republican mayor of Aurora said before Trump’s Oct. 11 visit that he hoped “to show him and the nation that Aurora is a considerably safe city – not a city overrun by Venezuelan gangs.”

    The 2024 election has brought tense and polarizing times to these towns. But history suggests that Springfield and Aurora will eventually be home to vibrant and integrated immigrant communities.

    Once the vitriol fades, Trump’s incendiary misinformation will likely become just a footnote to the larger story of the country’s 21st-century transformation.

    Miranda Cady Hallett received funding from the Russell Sage Foundation’s “New Immigrant Destinations” project in 2008-2009, providing support for the North Carolina-based research mentioned in this article.

    ref. Aurora and Springfield aren’t the first cities to become flash points in US immigration debate − here’s what happened in other places used as political soapboxes – https://theconversation.com/aurora-and-springfield-arent-the-first-cities-to-become-flash-points-in-us-immigration-debate-heres-what-happened-in-other-places-used-as-political-soapboxes-239809

    MIL OSI – Global Reports

  • MIL-OSI: Boralex will release its 2024 third quarter financial results on November 14

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Oct. 21, 2024 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2024 third quarter results will take place on Thursday, November 14, 2024, at 11 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Thursday, November 14, 2024, at 11 a.m.

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/mr7srj6t

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at http://www.boralex.com. A full replay will also be available on Boralex’s website until November 14, 2025.

    The financial information will be released through a press release and on Boralex’s website on November 14, 2024, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3 GW. We are developing a portfolio of more than 6.8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedar.com. Follow us on Facebook, Twitter, and LinkedIn.

    For more information

    Source: Boralex inc.        

    The MIL Network

  • MIL-OSI Global: Tracking vampire worms with machine learning − using AI to diagnose schistosomiasis before the parasites causing it hatch in your blood

    Source: The Conversation – USA – By Trirupa Chakraborty, Ph.D. Candidate in Integrative Systems Biology, University of Pittsburgh

    Blood samples of patients infected with a parasitic worm that causes schistosomiasis contain hidden information that marks different stages of the disease. In our recently published research, our team used machine learning to uncover that hidden information and improve early detection and diagnosis of infection.

    The parasite that causes schistosomiasis completes its life cycle in two hosts – first in snails and then in mammals such as people, dogs and mice. Freshwater worm eggs enter human hosts through the skin and circulate throughout the body, damaging multiple organs, including the liver, intestine, bladder and urethra. When these larvae reach blood vessels connecting the intestines to the liver, they mature into adult worms. They then release eggs that are excreted when the infected person defecates, continuing the transmission cycle.

    Since diagnosis currently relies on detecting eggs in feces, doctors usually miss the early stages of infection. By the time eggs are detected, patients have already reached an advanced stage of the disease. Because diagnosis rates are poor, public health officials typically mass-administer the drug praziquantel to populations in affected regions. However, praziquantel cannot clear juvenile worms in early stages of infection, nor can it prevent reinfection.

    Schistosomiasis isn’t usually diagnosed until the late stages of the disease.
    DPDx/CDC

    Our study provides a clear path forward to improving early detection and diagnosis by identifying the hidden information in blood that signals active, early stage infection.

    Your body responds to a schistosomiasis infection by mounting an immune response involving several types of immune cells, as well as antibodies specifically targeting molecules secreted by or present on the worm and eggs. Our study introduces two ways to screen for certain characteristics of antibodies that signal early infection.

    The first is an assay that captures a quantitative and qualitative profile of immune response, including various classes of antibodies and characteristics that dictate how they communicate with other immune cells. This allowed us to identify specific facets of the immune response that distinguish uninfected patients from patients with early and late-stage disease.

    Second, we developed a new machine learning approach that analyzes antibodies to identify latent characteristics of the immune response linked to disease stage and severity. We trained the model on immune profile data from infected and uninfected patients and tested the model on data that wasn’t used for training and data from a different geographical location. We identified not only biomarkers for the disease but also the potential mechanism that underlies infection.

    Why it matters

    Schistosomiasis is a neglected tropical disease that affects over 200 million people worldwide, causing 280,000 deaths annually. Early diagnosis can improve treatment effectiveness and prevent severe disease.

    In addition, unlike many machine learning methods that are black boxes, our approach is also interpretable. This means it can provide insights into why and how the disease develops beyond simply identifying markers of disease, guiding future strategies for early diagnosis and treatment.

    Clusters of Schistosoma haematobium eggs surrounded by immune cells in bladder tissue.
    CDC/Dr. Edwin P. Ewing Jr.

    What still isn’t known

    The schistosomiasis infection signatures we identified remain stable across two geographical regions across two continents. Future research could explore how well these biomarkers apply to additional populations.

    Further, our work identifies a potential mechanism behind disease progression. We found that a particular immune response against a specific protein on the surface of the worm signals an intermediate stage of infection. Understanding how the immune system responds to this understudied antigen could improve diagnosis and treatment.

    What’s next

    Besides improving our understanding of how the immune system responds to different stages of infection, our findings identify key antigens that could pave the way for designing cost-effective and efficient approaches to diagnosis and treatments. Our next steps will include actually deploying these strategies in the field for early detection and management of disease.

    The Research Brief is a short take about interesting academic work.

    Trirupa Chakraborty is affiliated with Light Up non-profit organisation, based in India. The organisation does not have any connection with or benefits from this article.

    Aniruddh Sarkar has received grant funding from the NIAID, BARDA, Task Force for Global Health (TFGH), Atlanta Center for Point-of-Care Technologies (ACME POCT), Center for Childhood Infections & Vaccines (CCIV) and the Bernie Marcus Early Career Professorship at Georgia Tech

    Jishnu Das has research grant funding from the NIH (NIAID, NHGRI, NIAMS, NEI, NCI, NHLBI, NIMH), DoD and the Rainin Foundation. He consults for Seromyx on a case-by-case basis and receives corresponding financial compensation including stock options. Seromyx has no direct connection to (including benefitting from financially or otherwise) this article.

    ref. Tracking vampire worms with machine learning − using AI to diagnose schistosomiasis before the parasites causing it hatch in your blood – https://theconversation.com/tracking-vampire-worms-with-machine-learning-using-ai-to-diagnose-schistosomiasis-before-the-parasites-causing-it-hatch-in-your-blood-239466

    MIL OSI – Global Reports

  • MIL-OSI: Andres Kitter, Board Member of LHV Bank, to step down

    Source: GlobeNewswire (MIL-OSI)

    Andres Kitter, Chief Technology Officer and a member of the executive committee and board of LHV Bank Limited, a subsidiary of LHV Group operating in the United Kingdom, will step down from his position at the end of this year.

    Andres Kitter joined LHV in 2013 as a member of the management board of LHV Bank and Head of Retail Banking. Under his leadership, the retail banking offering in Estonia was developed, the business line for international financial intermediaries was launched, and LHV was established in the UK. In his role as Chief Technology Officer, Andres Kitter built one of the most modern banking platforms and assembled a strong team.

    “The profitable business line of servicing financial intermediaries, developed under Andres’ initiative and leadership, has helped expand both LHV’s mental and operating landscape. It can be considered, this led the way to the subsequent creation of LHV Bank. At the same time, Andres has been involved in the development of the entire business line of financial intermediaries, including customer relations, technology and risk management,” said Madis Toomsalu, CEO of LHV Group.

    “After 11 remarkable years at LHV, I’ve decided it’s time for a new direction in my career. During my time here, I’ve had the privilege of helping to develop several key business areas and have built a highly capable and inspiring team. Now, I feel the time is right to step outside the company and focus on businesses in their earlier stages of development,” commented Andres Kitter.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the end of July, LHV’s banking services are being used by 437,000 clients, the pension funds managed by LHV have 118,000 active clients, and LHV Kindlustus protects a total of 167,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the UK and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee 

    The MIL Network

  • MIL-OSI: UPDATE – Grab to Announce Third Quarter 2024 Results on November 11, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) — Grab Holdings Limited (NASDAQ: GRAB, the “Company”  or “Grab”), plans to announce its unaudited third quarter 2024 results after the U.S. market closes on November 11, 2024.  

    The Company’s management will hold a conference call to discuss the third quarter 2024 results at:

    Date and time: 7:00 PM U.S Eastern Time on November 11, 2024
    8:00 AM Singapore Time on November 12, 2024

    A link to the call will be posted on the Company’s investor relations website at investors.grab.com prior to the call time.  Following the call, a replay of the call, along with the earnings press release and presentation slides, will be available at the same website.

    About Grab

    Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 700 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.

    For more information, visit http://www.grab.com.

    For enquiries, please contact:
    Investors: investor.relations@grab.com
    Media: press@grab.com

    The MIL Network

  • MIL-OSI USA: Gov. Justice thanks Mitch Carmichael for service as Economic Development Secretary, announces Mike Graney as replacement

    Source: US State of West Virginia

    CHARLESTON, WV — Gov. Jim Justice announced today that West Virginia Department of Economic Development Secretary Mitch Carmichael, who has served in the position since its creation in 2021, is stepping away to move into the private sector. Mike Graney has been appointed acting secretary for the department.

    “I want to thank Secretary Carmichael for his incredible work over the years,” Gov. Justice said. “When we reshaped our thinking about economic development and made it an entire department, there was no better person to lead the charge than Mitch. He’s business savvy, loves West Virginia, and is a rockstar in every sense of the word. We’ve seen unbelievable growth and progress over the last few years, and it’s in part because of Mitch’s forward-thinking mindset. He’s been a real asset to the State of West Virginia. I’m incredibly thankful for what he’s done, and I wish him nothing but the best in the future.”

    “It’s been an honor to serve under Governor Justice, and I thank him for the opportunity to bring his economic vision to life in this role,” Sec. Carmichael said. “By every measure, we’ve delivered historically significant and transformative improvements for the benefit of West Virginia’s long-term economic vitality. Our incredible work has resulted in more jobs, more investment, more broadband connectivity, more energy, and more community advancement than at any time in the history of West Virginia. I am forever grateful to have been part of the revitalization of West Virginia’s economy.”

    Under Gov. Justice’s leadership, Sec. Carmichael has been a driver of West Virginia’s economic transformation. During the Justice Administration, the state has attracted over $20 billion in economic development investments, creating tens of thousands of jobs and bringing high-profile companies to West Virginia. Sec. Carmichael’s efforts have helped position the state as a top destination for business, innovation, and growth.

    Gov. Justice also announced that Mike Graney has been promoted to acting Secretary of the Department of Economic Development. Graney was first appointed Executive Director of the West Virginia Development Office by Gov. Justice in 2018 and assumed the same role when the Department of Economic Development was established in 2021.

    MIL OSI USA News

  • MIL-OSI USA: Largest Public Sector Labor Unions Unite to Get Out the Vote in Battleground States

    Source: American Federation of State, County and Municipal Employees Union

    SEIU, NEA, AFT and AFSCME launch joint volunteer canvassing effort two weeks before Presidential election

    WASHINGTON, DC — The presidents of the nation’s largest public service labor unions — April Verrett of the Service Employees International Union (SEIU), Becky Pringle of the National Education Association (NEA), Randi Weingarten of the AFT, and Lee Saunders of the American Federation of State, County and Municipal Employees (AFSCME) — today announced a coordinated, multi-state voter outreach initiative to turn out voters in support of Harris-Walz in key battleground states. This massive effort, launching October 19 in Detroit, underscores the impact working people will have in determining the outcome of the 2024 election. 

    Following the October 19 launch, union leaders will host a series of rallies and statewide canvasses across targeted states including two rallies featuring all four union presidents in Atlanta on October 27, and Philadelphia on November 2. Following these rallies, thousands of union member volunteers from all four organizations will engage in an intensive door-to-door canvassing campaign, connecting with potential voters on issues critical to working families. 

    This joint action represents a significant escalation of labor’s political engagement, with the unions pooling resources and mobilizing their combined membership of several million workers. 

    and includes people of all backgrounds working across the public service – as nurses, child care providers, sanitation workers, first responders, teachers, education support professionals and higher education workers, among others.

    The joint campaign aims to mobilize an unprecedented number of workers across battleground states.

    “In an election this close, it’s all going to come down to turnout,” said April Verrett, President of SEIU. “That’s why our get-out-the-vote efforts are going to make the difference. We’re going to have our members and leaders on the ground in every battleground state from now until Election Day, ensuring every voice is heard and every vote is counted.”

    “Union members are mobilizing with a new level of energy, because we know what’s at stake,” said AFSCME President Lee Saunders. “Kamala Harris and Tim Walz have a vision for working people that will move us forward, lower rising costs and protect our freedoms. Meanwhile, the other side wants to take away our voice on the job. That’s the choice before working people, and that’s why we’re going to make sure that we mobilize our communities to get out the vote.”

    “The 3-million strong National Education Association is proud to partner with our union siblings to ensure working families know there is only one pro-union, pro-public education ticket: the Harris-Walz ticket,” said NEA President Becky Pringle. “Educators and union members across the country are fired up to elect Kamala Harris and Tim Walz, the leaders we need to deliver a new way forward for America. Vice President Harris and Governor Walz are tireless champions for students and educators, who will work to support strong public schools, expand school-based mental health services, ensure no student is hungry, and create good union jobs for middle class families. As some of the most trusted people in every community, NEA members are knocking on doors, making phone calls, and talking to their neighbors and friends about voting for Kamala Harris and Tim Walz, along with other pro-public education champions up and down the ballot.”

    “Kamala Harris and Tim Walz believe in the promise of America and will spend their time solving problems, not sowing fear, so every American can partake in that promise,” said AFT President Randi Weingarten. “As Donald Trump and JD Vance plan to cut taxes for billionaires, raise the retirement age and gut Medicare, Harris and Walz will crack down on price gouging, make it easier to afford a home, extend Medicare to help the Sandwich Generation and fight for public education. But it’s not just what we can gain, it’s also what we will lose with Trump and Vance: our democracy, our freedoms, our public schools, our right to have a union, a vote and a voice. Extending the ladder of opportunity or destroying it. Union members get this. And that’s why we will fight every hour of every day for the next fortnight to get out the vote to elect candidates who proudly stand for freedom, democracy and opportunity. Remember the chaos, lies and division of the Trump era? That was our dark past and we can’t let it be our future. Harris and Walz will turn the page.”

    Each union has invested significantly in GOTV programs and media outreach, across TV and streaming platforms to support the Harris-Walz ticket and worker-friendly candidates in House, Senate,gubernatorial, and other down-ballot races.

    The impact of union households on elections in key battleground states cannot be overstated. In 2020, 21% of votes cast in Michigan were from union households, representing approximately one-fifth of the electorate. The same is true for Pennsylvania and Wisconsin, where union households accounted for 18% and 13% of votes cast, respectively.

    Unions are currently enjoying a level of popularity not seen since the 1960s. This resurgence is rooted in workers’ belief in the power of collective action to transform the economy into one that works for all. As the election approaches, it’s crucial for voters to hear from real people about the issues that matter most to working families.

    By joining forces, these unions are not just amplifying their individual voices but creating a unified front to advocate for the rights and well-being of millions of workers across the nation.

    MIL OSI USA News

  • MIL-OSI: EverCommerce Announces Date of Third Quarter 2024 Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Oct. 21, 2024 (GLOBE NEWSWIRE) — EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, will report its third quarter 2024 financial results after the U.S. financial markets close on Tuesday, November 12, 2024.

    Management will host a conference call on Tuesday, November 12 at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the Company’s financial results and provide a business update. Please visit the “Investor Relations” page of the Company’s website (https://investors.evercommerce.com/) for both telephonic and webcast access to this call; a replay will be archived on the website as well.

    About EverCommerce

    EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 690,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at EverCommerce.com.

    Investor Contact:
    Brad Korch
    SVP and Head of Investor Relations
    720-796-7664
    ir@evercommerce.com

    Press Contact:
    Jeanne Trogan
    VP of Corporate Communications
    512-705-1293
    press@evercommerce.com

    The MIL Network

  • MIL-OSI Africa: Video message for the COP16 Opening Ceremony on Biodiversity

    Source: United Nations – English

    ownload the video: 

    https://s3.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+8+Oct+24/3271890_MSG+SG+BIODIVERSITY+OPENING+CEREMONY+08+OCT+24.mp4

    Excellencies, friends,

    I thank the Government of Colombia for hosting this important COP:

    The COP to make peace with nature;

    And the first since countries adopted the historic Kunming-Montreal Global Biodiversity Framework.
     
    That Framework is grounded in a clear truth: for humanity to thrive, nature must flourish.

    Destroying nature inflames conflict, hunger and disease;

    Fuels poverty, inequality, and the climate crisis;

    And damages sustainable development, green jobs, cultural heritage, and GDP.

    A collapse in nature’s services – such as pollination, and clean water – would see the global economy lose trillions of dollars a year – with the poorest hardest hit.

    The Global Biodiversity Framework promises to reset relations with Earth and its ecosystems.

    But we are not on track.

    Your task at this COP is to convert words into action.

    That means countries presenting clear plans that align national actions with all the Framework’s targets.

    It means agreeing a strengthened monitoring and transparency framework.

    And it means honouring promises on finance – and accelerating support to developing countries.

    We must leave Cali with significant investment in the Global Biodiversity Framework Fund, and commitments to mobilise other sources of public and private finance to deliver the Framework in full.

    And those profiting from nature must contribute to its protection and restoration.

    Developing countries are being plundered:

    Digitised DNA from biodiversity underpins scientific discoveries and economic growth. But developing countries don’t gain fairly from these advances – despite being home to extraordinary richness. 

    This COP must operationalise the mechanism that has been agreed – to ensure that when countries share genetic information, they share benefits – equitably. 

    It must engage all of society – as “La COP de la gente”

    And it must strengthen the role of Indigenous Peoples and local communities.

    Indigenous Peoples are the world’s great guardians of biodiversity; luminaries of sustainable use.

    Their knowledge and stewardship must be at the heart of biodiversity action at every level. 

    Excellencies,

    We have a plan to rescue humanity from a degraded Earth.

    I look forward to seeing you in person at the end of the COP to hear how you have delivered.

    Thank you.

    MIL OSI Africa

  • MIL-OSI: ASUS Announces the ExpertBook P5, its First Copilot+ PC for Work, is Now Available in Canada

    Source: GlobeNewswire (MIL-OSI)

    KEY POINTS

    • First ASUS Copilot+ PC for work: Powered by up to the latest Intel® Core Ultra 7 processor (Series 2) to deliver up to 47 NPU TOPS
    • AI-powered productivity and collaboration: ASUS AI ExpertMeet automates meeting minutes, translates subtitles, offers watermarks in conference calls
    • ASUS ExpertGuardian: Includes commercial-grade BIOS, Windows 11 Secured-core PC tech, complimentary 1-year McAfee+ Premium membership

    TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — ASUS today announces that the ExpertBook P5 (P5405), a groundbreaking Copilot+ PC1 designed to empower modern professionals is now available in Canada, starting October 21st. Available through the ASUS Store, Costco, and select retailers, it comes in four configurations starting at CA$1,299.99.

    Powered by up to the latest Intel® Core Ultra 7 processor (Series 2) with 47 NPU TOPS2, the laptop delivers up to 3X the AI performance boost compared to the previous generation. Featuring ASUS AI ExpertMeet, this AI-driven powerhouse streamlines workflows and enhances collaboration. Its sleek, durable aluminum chassis houses a stunning 2.5K 144 Hz display, delivering exceptional visuals. With a 1.29 kg3 feather-light design, robust security features, and a focus on sustainability, ExpertBook P5 is the perfect companion for on-the-go professionals seeking peak performance and efficiency.

    The future of work

    Crafted with meticulous attention to detail, ExpertBook P5 boasts a premium aluminum design that seamlessly blends aesthetics and ergonomics. Despite its lightweight construction, at just 1.29 kg, P5 offers exceptional durability — meeting the exacting US MIL-STD 810H military standard. Its thoughtfully designed workspace, featuring conveniently placed function keys and a spacious mouse area, optimizes productivity and comfort during video conferences and multitasking. Engineered with the ASUS ExpertCool thermal structure, a newly-enhanced cooling design, the ExpertBook P5 ensures consistent, optimal cooling whether the lid is open or closed, guaranteeing peak performance even during extended usage. It is a productivity powerhouse designed to elevate professional performance, empowering users to achieve their full potential.

    Forwarding the ASUS commitment to sustainability, ExpertBook P5 also represents a significant advancement in sustainable technology. This intelligent product has significantly enhanced its circularity by 10% to reach 50%, utilizing Circular Transition Indicators (CTI) for performance measurement. By incorporating recycled materials and a modular design, ExpertBook P5 directly addresses the pressing issue of e-waste.

    Experience the power of AI in meetings

    ASUS ExpertBook P5 benefits from the all-new ASUS AI ExpertMeet, an on-device AI assistant that transforms meetings into productive and engaging experiences, leverages advanced AI capabilities to enhance audio, video, and collaboration features, ensuring seamless communication and capturing every important detail.

    AI ExpertMeet offers a comprehensive suite of AI-powered features to elevate every meeting experience. AI Meeting Minutes accurately captures and transcribe meetings, generating detailed summaries and identifying key points from multiple speakers. The AI Translated Subtitles feature provides translations, ensuring seamless communication across languages. Additionally, the Watermark function allows video calls to be personalized with customizable business card information and screen watermarks for added security and professionalism. All powered by on-device intelligence, personal data remains secure, allowing users to focus on ideas without privacy concerns – empower teams with the latest AI technology and unlocking the full potential of virtual collaborations.

    ASUS ExpertGuardian: the ultimate guardian for confidential data

    ASUS ExpertBook P5‘s robust security arsenal safeguards critical data. Engineered with a commercial-grade and NIST SP 800-155-compliant BIOS, it provides a foundational layer of protection against firmware attacks. Coupled with Windows 11 Secured-core PC technologies, the ExpertBook P5 creates a fortified defense against software vulnerabilities. To ensure long-term security, ASUS offers a comprehensive five-year support4 for BIOS and driver updates, safeguarding the system against emerging threats.

    Complementing this robust hardware-based security, ExpertBook P5 includes a complimentary one-year McAfee+ Premium membership. This comprehensive security suite leverages McAfee Smart AI for advanced threat detection, including AI-powered deepfake detection to protect against sophisticated social engineering attacks. Additionally, email scam protection provides an extra layer of defense against phishing attempts.

    ASUS Business Support

    Understanding the critical needs of modern professionals, ASUS Business Support is not merely a warranty — it’s a comprehensive service package that includes on-site repairs, dedicated technical assistance and 24/7 customer support. This robust support framework ensures that every ExpertBook user experiences minimal downtime and receives personalized solutions to their technical issues.

    AVAILABILITY & PRICING

    The ASUS ExpertBook P5 is available in 4 different configurations starting from October 21st, 2024.

    The 4 specifications are available on the ASUS Store, ranging from CA$1,299 to CA$1,799 both for B2B and B2C customers.

    The ExpertBook P5 (P5404) with an Intel Core Ultra 5 processor 226V, 512 GB M.2 PCIe® 4.0 2280 SSD, an upgradeable M.2 2230 SSD slot, 16 GB LPDDR5X-8533 RAM and Windows 11 Home is now available starting from CA$1,299 on the ASUS Store and Costco.

    An additional version with Windows 11 Pro is available on the ASUS Store and selected retailers for CA$1,399.

    The ExpertBook P5 (P5404) with an Intel Core Ultra 7 processor 258V, 1 TB M.2 PCIe® 4.0 2280 SSD, an upgradeable M.2 2230 SSD slot, 32 GB LPDDR5X-8533 RAM and Windows 11 Pro is now available starting from CA$1,799 on the ASUS Store and selected retailers.

    An additional version with Windows 11 Home will be available later starting from October 28th on the ASUS Store and selected retailers, starting from CA$1,699.

    Please contact your local ASUS representative for further information.

    NOTES TO EDITORS

    For more product photos: https://press.asus.com/media/photos/

    ExpertBook P5 Product Page: https://www.asus.com/ca-en/laptops/for-work/expertbook/expertbook-p5-p5405/

    ExpertBook P5 ASUS Store: https://shop.asus.com/ca-en/expertbook-p5-p5405.html

    ExpertBook P5 Costco: https://www.costco.ca/asus-expertbook-p5-14-in-laptop%2c-intel-core-ultra-5-226v-%E2%80%93-16gb-ram%2c-512gb-ssd%2c-intel-arc.product.4000313261.html

    ASUS Pressroom: http://press.asus.com

    ASUS Canada Facebook: https://www.facebook.com/asuscanada/

    ASUS Canada Instagram: https://www.instagram.com/asus_ca

    ASUS Canada YouTube: https://ca.asus.click/youtube

    ASUS Global X (Twitter): https://www.x.com/asus

    SPECIFICATIONS5

    ASUS ExpertBook P5 (P5405)

    Model    ExpertBook P5
    P5405CSA-P73-CB
    ExpertBook P5
    P5405CSA-DH71-CA
    ExpertBook P5
    P5405CSA-P53-CA
    ExpertBook P5
    P5405CSA-CH51-CB
    Compute
    platform 
      Intel® Core 7 Processor 258 V 32 GB 1.8
    GHz (12 MB Cache, up to 4.8 GHz, 8 cores, 8
    Threads); Intel® AI Boost NPU up to 47
    Intel® Core 5 Processor 226 V 16 GB 1.6
    GHz (8 MB Cache, up to 4.5 GHz, 8 cores, 8
    Threads); Intel® AI Boost NPU up to 40″
    Graphics    Intel® Arc 140 V
    GPU (16GB)
    Intel® Arc 140 V
    GPU (16GB)
    Intel® Arc 130 V
    GPU (8GB)”
    Intel® Arc 130 V
    GPU (8GB)”
    Display    14.0″ 2560 x 1600 Anti-Glare, 100% sRGB, 400 nits
    Chassis    Color: Misty Grey
    Operating
    system 
      Windows 11 Pro Windows 11 Home Windows 11 Pro Windows 11 Home
    Main memory    32 GB LPDDR5X-
    8533 MOP
    32 GB LPDDR5X-
    8533 MOP
    16 GB LPDDR5X-
    8533 MOP
    16 GB LPDDR5X-
    8533 MOP
    Storage    1 x 1 TB M.2 PCIe®
    4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD, up
    to 1 TB PCIe® 4.0
    SSD User
    upgradeable

    1 x 1 TB M.2 PCIe®
    4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD,
    up to 1 TB PCIe® 4.0
    SSD User
    upgradeable

    1 x 512 GB M.2
    PCIe® 4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD,
    up to 1 TB PCIe® 4.0
    SSD User
    upgradeable

    1 x 512 GB M.2
    PCIe® 4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD,
    up to 1 TB PCIe® 4.0
    SSD User
    upgradeable

    Connectivity    WiFi 6E (802.11ax) (Dual band) 2*2 + Bluetooth® 5.3 Wireless Card
    Camera    1080p FHD IR camera, Webcam Shield
    I/O ports    2X Thunderbolt 4, USB 3.2 Gen2, support wide range 5–20 V

    1 x USB Type-A 3.2 Gen2, support BC1.2

    1 x USB Type-A 3.2 Gen2

    1 x HDMI® 2.1

    1 x Audio combo jack

    1 x Kensington® Nano lock slot

    Keyboard    Full-size keyboard with 1.5 mm key travel; backlit, spill-resistant 78 cc
    Touchpad    ASUS ErgoSense touchpad

    Smart gesture touchpad
    Silent touchpad technology

    Audio    2 x speaker

    2 x multi-array microphone with intelliGO beam forming

    Smart amp technology

    Dolby Atmos certified”

    Battery    63 Wh, 3-cell, Li-polymer
    AC adapter    65 W non-wall mount Type-C® power jack, Input : 100–240 V AC, 50 / 60 Hz universal
    Dimensions    31.2 x 22.3 x 1.645 cm
    Weight    63 Wh battery: starting at 1299 g
    Price    CA$1,799 CA$1,699 CA$1,399 CA$1,299
    Availability    October 10th, 2024 October 28th, 2024 October 10th, 2024 October 10th, 2024
    Where to Buy    ASUS Store ASUS Store ASUS Store ASUS Store
    Costco

    About ASUS

    ASUS is a global technology leader that provides the world’s most innovative and intuitive devices, components, and solutions to deliver incredible experiences that enhance the lives of people everywhere. With its team of 5,000 in-house R&D experts, the company is world-renowned for continuously reimagining today’s technologies. Consistently ranked as one of Fortune’s World’s Most Admired Companies, ASUS is also committed to sustaining an incredible future. The goal is to create a net zero enterprise that helps drive the shift towards a circular economy, with a responsible supply chain creating shared value for every one of us.

    1 Copilot+ PC experiences are coming. Requires free updates available starting late November 2024. Timing varies by device and region. See aka.ms/copilotpluspcs.
    2 The figures are based on theoretical performance. Actual performance may vary in real-world situations.
    3 Weight may vary according to specifications
    4 Five-year support includes but not limited to OS, BIOS, driver and security-related updates. OS and BIOS security update occurs twice a year.
    5 Specifications, content and product availability are all subject to change without notice and may differ from country to country. Actual performance may vary depending on applications, usage, environment and other factors. Full specifications are available at http://www.asus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c90e1d1e-c22c-484f-8e7c-91a555a6f437

    The MIL Network

  • MIL-OSI Security: Hamilton-Niagara — 6.3kg of cocaine taken off the streets after joint investigation with Brantford Police Service

    Source: Royal Canadian Mounted Police

    The Brantford Police Service, in collaboration with RCMP Hamilton-Niagara Regional Detachment, executed search warrants at five southwestern Ontario locations resulting in three individuals from Brantford being charged.

    The searches uncovered 6.3kg of cocaine, with a street value of $170,000 and approximately $2,000,000 in Canadian currency, which has been seized as suspected proceeds of crime.

    A number of electronic communications devices were also seized. Additional arrests and charges may follow.

    Three individuals are facing charges:

    • Bhavandeep Gill (36 yrs.), Possession of a Controlled Substance (cocaine) for the purpose of trafficking, contrary to section 5(2) of the Controlled Drugs and Substances Act (CDSA)
    • Vikram Kumar (23 yrs.), Possession of a Controlled Substance (cocaine) for the purpose of trafficking, contrary to section 5(2) of the CDSA
    • Sandeep Kaur (24 yrs.), Possession of a Controlled Substance (cocaine) for the purpose of trafficking, contrary to section 5(2) of the CDSA

    The individuals are scheduled to appear in Brantford Court on December 19, 2024.

    The success of this investigation was made possible through funding provided by the Ontario Government, Ministry of the Solicitor General in which the Criminal Intelligence Service Ontario (CISO) supported this joint force investigation.

    We would also like to thank the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada’s financial intelligence unit, for its vital role in supporting this investigation. Disclosures from FINTRAC helped uncover evidence of alleged money laundering and proceeds of crime by tracing financial transactions and identifying patterns. FINTRAC’s collaboration with the RCMP facilitated the understanding of the complex financial networks involved. The investigation’s outcome underscores the importance of interagency cooperation in combating organized crime.

    “Drug trafficking has widespread and devastating effects on multiple levels. At its core, it contributes to violence and undermines public health with increased addiction rates and overdoses. Thanks to the Brantford Police Service and all of our partner agencies for the excellent collaboration which resulted in more than 6kg of cocaine taken off of our streets.” – Inspector Vance Morgan, Officer in Charge RCMP Hamilton-Niagara Detachment

    “This is another successful joint project helping to minimize the threat to our communities caused by the distribution of controlled substances, and organized criminal activity related to drug trafficking. By disrupting the operation of criminal networks, our goal is to assist our community by reducing the violence surrounding the trade of illicit substances.

    In support of the search warrants and arrests related to this project, the Brantford Police Service would like to recognize the Criminal Intelligence Service of Ontario, for their continued funding and dedication in keeping communities safe in Ontario.” – Interim Chief Jason Saunders, Brantford Police Service

    MIL Security OSI

  • MIL-OSI USA: Deadline Approaching in Washington for SBA Working Capital Loans Due to Wildfires

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, today reminded Washington small businesses of the Nov. 20, 2024, deadline to apply for an SBA federal disaster loan for economic injury caused by the wildfires that occurred Aug. 18–25, 2023.

    According to Sánchez, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Sánchez said.

    These low-interest federal disaster loans are available in the counties below:
    Washington counties:  Lincoln, Pend Oreille, Spokane, Stevens and Whitman;
    Idaho counties:  Benewah, Bonner and Kootenai.

    The interest rate is 4 percent for businesses and 2.375 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

    Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.

    Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    ###

    About the U.S. Small Business Administration
    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.

    MIL OSI USA News

  • MIL-OSI Russia: Polytechnic at the Kyrgyz-Russian Educational Forum

    Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The Kyrgyz-Russian Educational Forum was held at the J. Balasagyn Kyrgyz National University in Bishkek. The event was organized by Rossotrudnichestvo and the Ministry of Education and Science of the Kyrgyz Republic with the support of the Cabinet of Ministers of Kyrgyzstan and the Administration of the President of Russia. More than 40 Russian and 34 Kyrgyz universities participated.

    “Ties between Russia and Kyrgyzstan are being established and strengthened. Our energy, medicine, education and other sectors need highly qualified specialists, and we must train them. In this matter, we have great support from Russia,” said Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic Edil Baisalov at the opening of the forum.

    “Russia allocates 700 quotas for admission of Kyrgyz citizens to leading Russian universities,” said Pavel Shevtsov, Deputy Head of Rossotrudnichestvo. “Today’s forum and exhibition will allow us to understand even more deeply what areas of training and specialties are most in demand among young people in Kyrgyzstan. The country’s leading universities, which have been successfully training citizens of foreign countries for decades, are present here. The Decade of Science and Education is currently taking place in Russia. And today Russia has something to show Kyrgyzstan and the world. I am confident that today’s forum will give impetus to the development of higher education in both countries.”

    Peter the Great St. Petersburg Polytechnic University was represented at the forum by the executive secretary of the coordinating council of the Ministry of Science and Higher Education of the Russian Federation in the field of education “Engineering, technology and technical sciences” professor Pavel Romanov. He held a round table on the topic “Engineering and technical education of the future: training personnel for the digital economy”, spoke about the proposals of the coordinating council of the Ministry of Education and Science of the Russian Federation in the field of engineering, technology and technical sciences to create a nationally oriented model of engineering education, presented the experience of developing the Advanced Engineering School “Digital Engineering”, and also introduced the participants of the round table to the tasks and practices of strategic interaction between SPbPU and the Kyrgyz-Russian Slavic University named after B.N. Yeltsin (KRSU) on the development of engineering education in KRSU.

    Following the round table, the Polytechnic University’s proposal was adopted into the draft resolution of the forum: “Cooperation between Russia and Kyrgyzstan in the development of engineering education is a priority task. The basis for cooperation is the presence of a historically established common fundamental basis for engineering education: the unity of all levels of the educational space; high-quality physical and mathematical training in schools; fundamental and practical orientation of engineering education. Taking into account modern trends in technological development, it is recommended to pay special attention to the possibilities of digital technologies in education and, in general, to the processes of digital transformation of universities as tools for accelerated development. It is also recommended to develop interaction between universities and industrial partners to improve the efficiency of training personnel to meet the needs of the economy. A successful example of effective interaction between universities in Russia and Kyrgyzstan in the development of engineering education is the cooperation between Peter the Great St. Petersburg Polytechnic University and the Kyrgyz-Russian Slavic University named after B.N. Yeltsin. The dissemination of this experience will allow us to significantly improve the quality and demand for engineering education in the short term.”

    “For two days, representatives of the educational community of the two countries participated in lively discussions on issues of scientific and educational cooperation, discussed the most interesting formats of interaction. The forum aroused great interest among colleagues from Kyrgyzstan and Russia. I thank our partners for the warm welcome and rich program,” said Deputy Minister of Science and Higher Education of the Russian Federation Konstantin Mogilevsky.

    In conclusion, the delegates attended a concert by the Black Sea Fleet ensemble.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.spbstu.ru/media/nevs/partnership/polytech-at-the-kyrgyz-russian-educational-forum/

    MIL OSI Russia News

  • MIL-OSI Global: Existential uncertainty: how it affects your mind – and what you can do about it

    Source: The Conversation – UK – By Dusana Dorjee, Associate professor in Psychology in Education, University of York

    ‘Doomscrolling’ is an unhelpful coping strategy. Olezzo/ Shutterstock

    With near-constant headlines discussing the devastating crises humanity is currently facing – from climate change to political polarisation and war – many of us are experiencing feelings of existential uncertainty.

    This can manifest in different ways, such as feeling anxious or distressed when consuming the news. You might also feel a more subtle but persistent sense of unease and worry about the future.

    These feelings are actually linked to changes in the brain. By knowing how this works, we can understand what techniques will best help us to manage this feeling when we next experience it.

    Worrying thoughts and feelings about existential threats increase activity in the amygdala – a brain region that responds to threat. This releases stress hormones – first in the brain (hypothalamus and pituitary gland) and then in the adrenal cortex (which sits on top of the kidneys).

    The release of these hormones from the adrenal cortex can impact our attention, problem-solving and decision-making abilities due to their effects on two distinct brain regions which support cognitive functions and memory – the prefrontal cortex and the hippocampus. These regions can actually decrease stress hormone levels, but can become less effective at doing so in response to extremely stressful events or very frequent experiences of stress and anxiety. Chronic stress exposure damages these two brain regions, and can create a vicious cycle of prolonged anxiety.

    To cope with this uncertainty and anxiety, one common response people use is information seeking – where we seek out information about an event or situation in order to feel more certain and less anxious.

    But this coping mechanism can lead to doomscrolling on social media, where negative content tends to be shared more frequently and feelings of existential uncertainty are exploited for financial or political gain. Our brains also remember negative information better than positive information, which is why negative content is often used for manipulation.




    Read more:
    Existential crisis: how long COVID patients helped us understand what it’s like to lose your sense of identity and purpose in life


    Our attempts to make sense of existential uncertainty can also make some people more susceptible to conspiracy theories. This is because when we feel threatened and uncertain, any explanation for what’s happening seems better than none – and this brings some short-term relief from our worries.

    We may also be more inclined to cling to ideas and values that make us feel part of something bigger than ourselves when experiencing existential uncertainty. That’s why some people find themselves feeling more strongly about their political or religious views during periods of unrest – even if such beliefs can sow distrust towards others.

    These coping mechanisms may only provide short-term relief from feelings of anxiety – and even worsen our mental health in the long run. To better cope and protect your mental health during times of existential uncertainty, here are some more effective things you can do instead:

    1. Stress-reduction exercises

    Next time the news makes you feel anxious, try naming the emotion you’re experiencing. Naming emotions can reduce their intensity and unpleasantness. Then count to four while breathing in and count to five while breathing out. Breathing out for longer activates the parasympathetic system – the pathway of neural cells that helps the body rest and relax.

    Using a “sensory anchor” such as a nearby sound or object to ground your attention in the moment can also be effective. This can quell the stream of worrying thoughts.

    Other stress-reducing activities you can add into your daily routine include practising relaxation techniques such as progressive muscle relaxation or taking brief mindfulness breaks. Physical activity, such as dancing or walks, can also temporarily decrease stress as brief acute stress during exercise is another way of activating the parasympathetic system afterwards.

    2. Look to connect

    It can be helpful when experiencing existential uncertainty to remind yourself that others are probably feeling the same way. Acknowledging the common humanity of our worries may help reduce the feelings of threat we have.

    Awe-inducing activities, such as spending time outdoors, making art or meditating or praying, can all expand feelings of connectedness and reduce worry.

    Volunteering can help you connect with others.
    PeopleImages.com – Yuri A/ Shutterstock

    Writing about what you’re grateful for is another useful way to decrease distress during times of uncertainty. This increases brain activity in the medial prefrontal cortex – a brain area involved in regulating emotions, stress and boosting social-connectedness. The increased brain activity can last as long as three months.

    Practising compassion can also reduce distress during times of existential uncertainty. Whereas witnessing others’ suffering can trigger empathic distress – a negative emotion that’s also linked to withdrawal – finding ways to be compassionate and help others can shift this into a positive emotion and make us feel closer to people.

    3. Shift your thinking

    Instead of spending hours doomscrolling, try using your need for information to search for creative solutions or view the crises as opportunities for innovation where you can put your skills to positive use.

    Or, try finding initiatives that help to create this kind of constructive mindset. This can be anything from volunteering at a food bank or charity, writing a blog to making art. These kinds of activities can have a buffering effect on the stress response by protecting mental health and reduce negative emotions.

    Similarly, new creative ways of responding during times of crisis can shift our thinking to being solution-focused – instead of dwelling on the problems we face. This can support our emotional wellbeing.

    If everyone follows these tips, this may create a more cooperative environment which may bring us a bit closer to addressing current global crises at the collective, societal level.

    Dusana Dorjee received funding for her research from the British Academy, ESRC, UKRI Innovate UK and Mind & Life Institute. She is a co-director of a community interest company providing training in mindfulness-based wellbeing courses for schools and adults.

    ref. Existential uncertainty: how it affects your mind – and what you can do about it – https://theconversation.com/existential-uncertainty-how-it-affects-your-mind-and-what-you-can-do-about-it-241197

    MIL OSI – Global Reports

  • MIL-OSI Global: The 2026 Commonwealth Games will create an economic model that allows smaller nations to step up and host

    Source: The Conversation – UK – By Gayle McPherson, Chair in Events and Cultural Policy, and Director of the Research Centre for Culture, Sport and Events, University of the West of Scotland

    The tension was palpable as we waited to see if Glasgow would rescue the Commonwealth Games for 2026. After the Australian state of Victoria pulled out, the eyes of the Commonwealth turned to Scotland.

    Glasgow delivered a hugely successful event in 2014, raising questions about whether a future games there could match that success. I was part of the bid team as the cultural advisor for Glasgow 2014 and went on to conduct research on the impact of the games on sustainable community participation for people with a disability. So I understand the positive impact the games had for Scotland.

    My work over the past couple of decades has examined the social impact of mega sports events and their role as agents for change, specifically disability rights, social inclusion, and peace and diplomacy. In other words, considering whether major sport events truly serve as a force for good as it’s often argued they do. If this is indeed the case, why shouldn’t smaller Commonwealth nations benefit from hosting the games?

    Experts often criticise the economic and social impact of major sporting events, but others argue for the social value these events can bring to communities long after they have left town.

    My research team conducted a survey on perceptions of the impact of the Glasgow 2014 games that revealed overwhelming support for their lasting impact on the city and Scotland.

    The results showed that 75% of respondents believed the games increased civic and national pride, boosted Glasgow and Scotland’s chances of securing future events, enhanced their international reputation, and, as often attested, strengthened the nation’s soft power. Scotland ranks second (behind Quebec) out of ten similar territories for overall soft power, and third for sport.

    Amid a rise in the Bric countries (Brazil, Russia, India and China) using sport in soft power terms, other nations have sought to be part of this too. The Commonwealth Games is increasingly being used as a vehicle for positive change and regional soft power.




    Read more:
    Glasgow’s 2026 Commonwealth Games needs to showcase an affordable and socially beneficial way of hosting sporting events


    There has been a rise in emerging states running mega sports events, often wealthy illiberal nations such as China and Qatar. However, what about the smaller nations in the Commonwealth? Only two – Malaysia and Jamaica – have ever hosted the Commonwealth Games, and the only other nation outside of Australia, Canada, UK and New Zealand to do so is India.

    Glasgow is offering a new model that will create a legacy not only for Scotland, but for many other smaller nations in the Commonwealth. The games are known as the “Friendly Games” – it’s a community that is known for three core values: humanity, equality and destiny.

    The family of nations

    The African nations form a significant part of the Commonwealth sports movement, so shouldn’t we expect the model that Glasgow is developing to be transferable, ensuring that sport can serve a common good? An environmentally sustainable approach would use facilities and networks already in place to help developing nations, which already suffer disproportionately in terms of climate and environmental risks.

    Under this model, venues and infrastructure are already in place. The event is athlete-focused, with competitors staying in hotels as opposed to a purpose-built athlete village, and transport needs minimised through walking or the use of team buses. The 2026 Glasgow event could serve as a blueprint for a sustainable approach to games delivery, inspiring nations such as Ghana, which already has the necessary venues and infrastructure to take on future Commonwealth Games.

    With just ten sports across four venues, Glasgow 2026 has thought differently about delivery and digital broadcast. This is the only fully integrated games, hosting para competition at the same time as able-bodied events. This too will help smaller nations’ para-athletes, who often do not get a chance to compete internationally.

    The Commonwealth is made up of 56 independent countries and the Commonwealth Games Federation consists of 72 member nations and territories. Gabon and Togo joined the Commonwealth in 2022, neither of which had previous ties to the British empire or other Commonwealth states, demonstrating that some countries still want to be part of a wider family.

    Given 19 African countries have Commonwealth Games Associations, we could well see one of these take the baton in future. The Ghanaian sports minister made it clear that after hosting a successful African Games in 2024, he believed the next step would be the Commonwealth Games.

    The recent African Games in Ghana’s capital Accra held athletics in a stadium that seats 11,000 spectators, while the World Athletics Championships in 2022 used the University of Oregon’s temporary stadium that seated 13,000. Commonwealth Games Scotland realised that, for 2026, Glasgow could host athletics at an existing stadium in the city with an upgrade to facilities that would provide seating for 11,000.

    Ghana and Scotland are learning from each other to lay a path for smaller nations to host future games. The Birmingham Commonwealth Games in 2022 contributed £1.2 billion to the UK economy and £79.5 million in social value. This is possible for small nations too.

    Glasgow 2026 can create a different legacy for the Commonwealth Games; one that is built on inclusion, diversity and sustainability and which incorporates the culture, values and pride of the Commonwealth. The time is right to offer a new approach to event delivery that offers other smaller nations the chance to benefit from sport as a force for good.

    Professor Gayle McPherson receives funding from the Social Sciences and Humanities Research Council and Sport Canada and has previously received funding from the Peter Harrison Foundation and Observatory for Sport in Scotland.

    ref. The 2026 Commonwealth Games will create an economic model that allows smaller nations to step up and host – https://theconversation.com/the-2026-commonwealth-games-will-create-an-economic-model-that-allows-smaller-nations-to-step-up-and-host-241059

    MIL OSI – Global Reports

  • MIL-OSI United Nations: UN Secretary-General’s remarks for the inauguration of the renovated Africa Hall

    Source: United Nations secretary general

    Dear Prime Minister Abiy, dear Chairperson Moussa Faki, dear friends and colleagues,

    It is an enormous pleasure to join all of you for this moment of history – in this house of history. 

    I thank all our partners – particularly the Government of Ethiopia, along with our own United Nations Economic Commission for Africa for the tremendous work.

    This hall is where Africa came together to give life to the Organization of African Unity, now the African Union. 

    Times were very different. 

    In 1961, when this Hall was inaugurated by Emperor Haile Selassie, only 26 African nations had achieved independence – many of them just months before.

    Today, Africa is a transformed continent.

    And to my mind, this renewed building symbolizes renewed hope and unity for Africa.

    This Hall is a bridge between Africa’s past and future – honouring shared struggles and achievements, while embracing common aspirations.  It is ubuntu.

    A state of the art 21st century facility that preserves the grandeur and history of this great continent.

    I also see it as an invitation for everyone to cooperate in pursuit of a better future, for Africa and for the world.

    Dear friends,

    As we celebrate this new beginning, we must also acknowledge the challenges ahead of us.

    Africa is a continent of hope. 

    But it faces challenges that are deeply rooted in history and are exacerbated by climate change, conflict and persistent poverty.

    And African women often bear the brunt of these hardships.

    Addressing these issues requires resolute action and renewed solidarity.

    Our global institutions were built at a time when most of Africa was under colonial rule.  

    But unlike this Hall with its 21st century innovations, many of these global institutions are stuck in those times, unable to respond to the aspirations and rights of the African people.

    Africa still has no permanent seat at the Security Council. And let’s hope it will be corrected soon.

    And international financial institutions often cannot provide African countries with the response they need – whether it is protection from strangling debt or from climate catastrophe they did not cause.

    We can only move forward if we also renew and update global institutions – by making them more effective, fair and inclusive.

    Last month, world leaders adopted the Pact for the Future, the Global Digital Compact and the Declaration on Future Generations.

    The Pact recognizes the need to reform the Security Council to make it representative, transparent, efficient, democratic and accountable.

    It also calls for groundbreaking reforms of the international financial architecture – including to massively scale-up affordable development and climate finance.

    And the Global Digital Compact includes the first truly universal agreement on the governance of Artificial Intelligence – giving every country a seat at the table, while supporting partnerships to bridge the digital divide and build AI capacity in developing countries and namely in Africa.

    We must now move forward together in implementing these historic agreements without delay.

    And we must include young people at every step of the way.

    Dear friends,

    For more than sixty years, the Africa Hall has been a symbol of the continent’s collective aspirations, a testament to its resilience, and a beacon of hope for entire generations.

    Today, as we step into this renewed space, let us also renew our pledge to work for the people of Africa and the world we need.

    May the debates and discussions here continue to lead towards greater peace, unity and prosperity for all on the African continent.

    And I thank you.

    MIL OSI United Nations News

  • MIL-OSI USA: Day 38 – Strike Update October 20, 2024

    Source: US GOIAM Union

    It’s so important to base your decisions on facts rather than rumors or speculation, especially when it comes to something as crucial as voting for your future. Whether you choose to accept or reject the contract, your Union is committed to making sure you have the correct information to make a decision that best serves you and your family. Please take the time to review the details of the entire proposal thoroughly – the September 12th and October 18th offers combined – and reach out to your Union officials, Stewards, or financial advisors if you have questions. Your decision matters and it’s essential that it’s made with clear, accurate information. The power is in your hands; make it count.

    Prepared by an economist, the document linked below offers a clear breakdown of how your earnings can grow over the life of this agreement. It includes examples of wage increases for each Labor Grade at max pay, covering both base pay and the guaranteed 4% AMPP. This guide is meant to help members understand the impact of compounding wages.

    Our goal is to combat some of the misinformation circulating on social media and in the press. Please use this resource to make an informed decision based on facts, not rumors.

    If you cannot access this document, you can find it on the website at https://www.ourfutureourfight2024.com/contract-2024 along with other one-pagers explaining what’s being offered in the 2024 IAM/Boeing contract proposal we are voting on Wednesday, October 23, 2024.

    Wages and Guaranteed AMPP Payments Over the Life of the Agreement by Labor Grade at Max Pay

    In Unity, Your Union Negotiating Committee

    Share and Follow:

    MIL OSI USA News

  • MIL-OSI United Kingdom: expert reaction to study looking at a home-based transcranial direct current stimulation treatment (tDCS) and major depressive disorder

    Source: United Kingdom – Executive Government & Departments

    A study published in Nature Medicine looks at home-based brain stimulation as a possible treatment for major depressive disorder. 

    Dr Julian Mutz, King’s Prize Research Fellow, King’s College London, said:

    “Depression is a common mental health condition that carries a significant disease burden.  While medication and psychotherapy are effective, they do not work for every patient and sometimes cause unwanted side effects.  Non-invasive brain stimulation techniques, such as transcranial magnetic or electrical stimulation, offer alternative treatment options.  A barrier to more widespread use is the need for frequent visits to the clinic, usually five times a week for several weeks.  There is considerable interest in transcranial direct current stimulation (tDCS) due to its potential for home-based use.  However, data from randomised clinical trials are limited.  Prior studies have supported its feasibility but more data are needed to establish efficacy, an important gap that this study addresses.  In this phase II trial of 174 patients, the authors show that tDCS was efficacious over a ten-week period, a longer duration than prior home-based trials.  Nearly half of the patients receiving tDCS achieved clinical remission, compared to just over 20% in the control group.  The treatment also showed a good safety profile, which will provide reassurance to both clinicians and patients.  Given that two of the largest randomised controlled trials of tDCS yielded negative results, this trial will undoubtedly contribute to the ongoing discussions about tDCS as a treatment option for depression.

    “This is a well-designed trial of tDCS, with sample sizes comparable to those of the largest tDCS trials in the clinic.  The trial had appropriate procedures in place to mitigate potential risks of bias and the authors carefully monitored and reported on adverse events and safety.  The assessment of efficacy was not limited to clinician ratings but also included patient reported outcomes.

    “tDCS is different from electroconvulsive therapy (ECT).  ECT involves inducing a seizure and is applied under general anaesthesia.  ECT is generally reserved for the most difficult-to-treat patients when other treatment approaches have been unsuccessful.  tDCS applies mild electrical stimulation to the scalp while the patient is fully awake.”

    Prof Jonathan Roiser, Professor of Neuroscience & Mental Health, UCL, said:

    “This paper reports on a moderately large clinical trial of transcranial direct current stimulation (tDCS) for depression.  tDCS is a non-invasive brain stimulation method that has been tested in many previous depression trials – with mixed success – and involves delivering a mild electric current to a specific brain region (often, as in this study, to the prefrontal cortex, with electrodes placed on the forehead).  tDCS was delivered several times per week for 10 weeks, for half an hour each time.  In the “sham” (i.e. placebo) group, patients received only very brief stimulation to mimic the sensation of the active tDCS on the skin, in an attempt to introduce blinding.  What was relatively new in this study was the use of a commercially available device patients could use at home by themselves, with remote support from the study team.  Patients were told to use the machine five times each week for the first three weeks, reduced to three times each week for the remaining seven weeks.  Around two-thirds of the patients were taking antidepressant medication.  Some of the study investigators had a financial interest in the company that makes the tDCS device.

    “On average, both groups had quite substantial reductions in depressive symptoms (rated by the research team using a standard clinical interview) over 10 weeks.  However, there was a greater reduction in the active stimulation group, around half of whom got completely better.  This improvement was statistically better than in the sham group, around one-quarter of whom got completely better.  The size of the difference was in the small-to-moderate range, which is quite similar to trials of antidepressant medication.  The major challenge in interpreting this otherwise promising finding relates to problems with blinding: around three-quarters of the active stimulation group correctly guessed their treatment allocation, while less than half did so in the sham stimulation group.  This was probably due to minor side effects caused by the stimulation device; mostly skin redness, which occurred in nearly two-thirds of those receiving active stimulation, but also skin irritation and cognitive problems (trouble concentrating) in a small number of patients.  If there was clear skin redness on the forehead, it is possible that the researchers conducting the clinical interviews might also have also guessed the treatment allocation.  It is worth noting that a couple of the patients had more serious side effects, specifically skin burns which may have been caused by incorrect use of the device.”

    ‘Home-based transcranial direct current stimulation treatment for major depressive disorder: a fully remote phase 2 randomized sham-controlled trial’ by Rachel D. Woodham et al. was published in Nature Medicine at 16:00 UK time on Monday 21 October 2024.

    DOI: 10.1038/s41591-024-03305-y

    Declared interests

    Dr Julian Mutz: “I do not have any COIs to report.  I have co-authored publications with the senior author in the past, but have not been involved in any collaboration recently.”

    Prof Jonathan Roiser: “No interests to declare.”

    MIL OSI United Kingdom

  • MIL-OSI USA: QUIGLEY, DURBIN, DUCKWORTH ANNOUNCE MORE THAN $81 MILLION IN ADDITIONAL FEDERAL FUNDING FOR THE CREATE PROGRAM

    Source: United States House of Representatives – Representative Mike Quigley (IL-05)

    U.S. Representative Mike Quigley (D-IL-05) and U.S. Senators Dick Durbin (D-IL), and Tammy Duckworth (D-IL) announced $81,301,065 in federal funding through the U.S. Department of Transportation (DOT) INFRA (Nationally Significant Multimodal Freight & Highway Projects) Program for the Chicago Region Environmental and Transportation Efficiency (CREATE) Program, which aims to reduce traffic delays, increase rail junction safety, and improve mobility throughout Chicago.

    DOT’s INFRA Grant Program provides federal funding for large projects of regional significance and is funded through the Infrastructure Investment and Jobs Act that the lawmakers worked to pass in 2021.

    Last month, Quigley, Durbin, and Duckworth announced $209 million in federal funding for the CREATE Program through DOT’s Mega Grant Program, bringing the total with today’s announced funding to $291,179,049.

    “The CREATE Program is fundamentally changing rail operations in Chicago for both commuters and freight. Last month, we secured $209 million in funding for this program. Today’s announcement marks another significant step toward fulfilling CREATE’s mission to improve safety, alleviate congestion, and boost mobility throughout our city,” said Quigley.

    Today’s additional funding announcement is a major investment in the future of our transportation infrastructure. Chicagoans will be better connected because of the CREATE Program, which will improve the safety and quality of our rail system and roadways,” said Durbin. “Senator Duckworth, members of the Illinois Congressional Delegation, and I have long supported these investments, and I’m glad to see these federal dollars go toward improving safety and alleviating congestion in a region that desperately needs it.”

    “Investing in our transportation infrastructure is about growing our economy and making it easier, faster, safer and more efficient so people and goods can get where they need to go,” Duckworth said. “This significant federal investment in the CREATE Program—which Senator Durbin, members of the Illinois Delegation and I have been championing for years—will help us modernize our rail system for all Chicagoans while supporting good-paying South Side jobs and strengthening our region’s economy.”

    The CREATE Program brings together the City of Chicago, the State of Illinois, the U.S. Department of Transportation, Metra, Amtrak, and the nation’s freight railroads in a partnership to eliminate transit bottlenecks, boost the economy, and improve overall safety of the Chicagoland area.

    Today’s announced funding will advance the 75th Street Corridor Improvement Project, a three-mile elevated rail corridor on Chicago’s South Side, which approximately 90 freight trains and 30 Metra commuter trains use daily. The project will reconfigure track segments and signals at Belt Junction, add a third track to the Norfolk Southern line, replace and restore 14 aging bridge and viaduct structures, and implement mobility improvements on surface streets throughout the corridor.

    Quigely, Durbin, and Duckworth have long championed rail improvements, having helped secure $132 million in federal funding to begin this project in 2018.

    MIL OSI USA News

  • MIL-OSI Canada: Celebrating rural success: Minister Sigurdson

    Source: Government of Canada regional news

    “Small Business Week allows us to celebrate small business and community success in rural Alberta. Rural communities have long played a crucial role in Alberta’s growth and economy. To support them, we continue to implement our Economic Development in Rural Alberta Plan, a five-year commitment to foster rural economic growth in Alberta with a focus on rural business supports and entrepreneurship.

    “One of the plan’s key initiatives is the Small Community Opportunity Program. Through this program, we pledged $6 million to provide financial backing for Indigenous and small communities to tackle challenges and tap into opportunities to grow their local economic footprint.

    “Through the first round of program funding in 2023-24, we awarded up to $3 million for 43 projects across the province that are on track to develop their local economies by building capacity in the agriculture and small business sectors. Of these projects, 29 were awarded to small communities, three to Indigenous communities and 11 to the non-profit sector.

    “Through the plan’s Capacity Building Grant Project, rural economic development organizations like Young Agrarians and Alberta Women Entrepreneurs also received funding to help teach business skills and offer training and mentorship opportunities.

    “I encourage all Albertans to join me in celebrating our rural businesses, agricultural societies and the hard-working rural residents who strengthen Alberta’s agriculture, agri-food and agri-based products sector. When our rural communities succeed, Alberta is made stronger.”

    Related information

    • Alberta’s Rural Economic Development
    • Small Community Opportunity Program 2023-24 Grant Recipients

    MIL OSI Canada News

  • MIL-OSI United Kingdom: InForm: Updates from the Government Property Agency, October 2024

    Source: United Kingdom – Executive Government & Departments

    InForm keeps you informed of news, views and updates from across the Government Property Agency.

    Welcome to InForm, October 2024

    Dom Brankin, Property Services Director

    Welcome to this edition of InForm.

    At the Government Property Agency (GPA) it is our mission to provide great places to work for civil servants and through our property and commercial expertise we continue to transform the government’s estate.

    In this issue, you’ll find key updates on our key priority areas and we hope this not only keeps you informed but also gives you an insight into the activities we have underway.

    Since our last publication, we’ve had a change in Government with a commitment to economic growth and this remains a key priority for us, at the GPA. Our new Government is keen to uphold the important role regions play throughout the four nations, with many Ministers visiting our government hubs while offering us the opportunity to showcase our interoperability, quality of buildings, services and our people.

    Through our Government Hubs Programme we have seen a huge growth in our property portfolio with 605 desks across 227 buildings, 94 of them occupied by multiple Civil Service departments. And we have reinvested back into the sector through realising significant financial benefits.

    Our commitment to enabling civil servants to work productively in modern and interoperable work spaces is supported by our strategic partners.

    We said farewell to Clive Anderson, Director of Capital Projects when he retired in August. Clive joined the GPA in 2022 and played a pivotal role in the delivery of the Government Hubs and Whitehall Campus Programmes, as well as, leading its design standards to deliver a smaller, better and greener Public Estate. We wish Clive all the very best as he settles into his new way of life.

    We also welcomed Georgina Dunn, who joined us as Interim Director of Capital Projects. Georgina joins on secondment from Turner and Townsend, where she has worked on large scale infrastructure and construction programmes, and has extensive experience on strategic estates projects having managed complex client side workstreams in public and private sector.

    In this issue:

                                                         

    Update to recruitment screening policy

    We’d like to share the updated UK Government Baseline Personnel Security Standard (BPSS) in particular with our commercial partners. The update has been made following an extensive review of the policy to ensure it’s clearer to understand.

    As a GPA supplier, you are contractually required to have your staff (who work on GPA contracts) BPSS screened as a minimum. The changes in this update, as outlined below, should have a limited impact on your current operating procedures as the BPSS requirements have not materially changed. If BPSS screening applies to your contract with us you must ensure your recruitment practices follow this updated policy by 31 August 2024. 

    What is BPSS?

    BPSS is a pre-employment check, used by government, industry and third parties (suppliers), to protect the security of the government estate and its assets. It provides a basis for national security vetting (NSV).  BPSS comprises of four main checks:

    • Identity; 
    • Right to work (RTW) in the UK; 
    • Three year employment history;
    • Criminal record (unspent convictions).

    If the BPSS cannot be completed, or the checks identify an adverse concern, organisations must either: 

    • Risk-manage and onboard the individual, for example this may occur when the individual has limited UK residency. 
    • Not employ the individual, for example if they do not pass RTW checks

    How to correctly apply, make decisions, and document the BPSS process is explained in the linked policy document. 

    What are the key changes:

    • The BPSS policy and guidance is clearer to understand. The language aligns with the Functional Standards and Government Digital Service Style Guide to provide a consistent experience for readers.
    • Outdated references and guidance have been removed.
    • A criminal record check (unspent) must be conducted by organisations at BPSS. The National Security Vetting (NSV) criminal check can no longer be used in BPSS.

    If you need further advice on this updated policy and how it applies to you as a supplier to the GPA please email: contactsecurity@gpa.gov.uk

    Back to top

                                                         

    Find out more about the Government Property Agency here

    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Global: New report reveals that targets to save 30% of the ocean by 2030 aren’t being met

    Source: The Conversation – UK – By Callum Roberts, Professor of Marine Conservation, University of Exeter

    Qasimphotographer/Shutterstock

    The world is gathering in Colombia for the UN biodiversity conference known as Cop16, a biannual pulse-taking of the living planet where actions to protect the natural world are agreed. At its last meeting in 2022, an ambitious roadmap for nature protection was put in place. As part of that Kunming-Montreal global biodiversity framework, the UN set a bold goal to protect 30% of the world’s land and ocean by 2030 – known as “30×30” – which was agreed by 196 countries and bodies such as the European Commission.

    A key task in Colombia will be to measure progress, and the ocean is in the spotlight. A new report reveals that growth in marine protected areas – designated nature conservation zones that are protected from one or more harmful or damaging human activities – is far too slow to achieve this target. Analysis by conservation experts shows that protected areas are too scattered and unrepresentative.

    Efforts to protect marine life lag far behind conservation on land. When 30×30 was agreed, the world had protected roughly 17% of land and 7.8% of the sea. The sea element was already behind previous targets, set in 2010 by the UN’s Convention on Biological Diversity to reach 17% and 10% protection of land and sea by 2020.

    The 30×30 target is based on what scientists say is required to protect marine diversity, unlike the arbitrary 10% target it replaces. This would give a decent chance of meeting basic conservation goals like representing the full spectrum of habitats and species, or sustaining ecosystem services, such as the provision of seafood to eat and clean water for people. The 30×30 target was designed to turbo-charge conservation, end biodiversity loss and begin nature’s recovery. It hasn’t quite worked out that way, at least not yet.

    The new report, commissioned by philanthropic initiative the Bloomberg Ocean Fund and developed in partnership with environmental organisations Campaign for Nature, the Marine Conservation Institute and SkyTruth, is sobering. Since 2022, the global ocean protected area network has grown by only 0.5 percentage points to 8.3%, still nearly 2% short of the 10% target that 30×30 replaced. On this trajectory, the world is set to crawl towards just 9.7% by 2030. The world is failing badly and there seems little urgency in the pace of progress.

    Some marine protected area designations set fishing restrictions.
    Tamil Selvam/Shutterstock

    Most marine protected areas (MPA) fail the quality test too. Assessed against a global framework of effectiveness, called the MPA guide, most marine protected areas are insufficiently protected or managed to deliver positive benefits to nature. The report calculates that only 2.8% of the world’s ocean is protected “effectively” according to MPA guide criteria. They include tiny protected areas like the South Arran MPA in Scotland, which was set up in 2014 and monitored by the local community, and the vast and still wild Ascension Island protected area that encloses 172,000 square miles (445,000km²) of the tropical Atlantic.

    Even this low figure could overestimate current effectiveness. Reporting against MPA guide criteria is not yet mandatory for countries, so inconsistent definitions of protected areas complicate measurement of progress. And while some countries have declared MPAs as either “highly” or “fully” protected, the report suggests some of these areas aren’t sufficiently funded by governmental or other means to deliver effective management.

    Country protected-area networks – that’s the the total composition of all protected areas – are badly imbalanced. In the global north, countries like the US, UK and France have declared large highly and fully protected areas in their overseas territories to boost the coverage of effective MPAs. Meanwhile, in home waters, most MPAs remain subject to destructive and extractive industrial activities such as bottom-trawl fishing or offshore energy. Their headline percentage protection numbers therefore “blue-wash” the reality of ongoing damage and biodiversity loss.

    This October, Australia expanded the sub-Antarctic Heard and MacDonald Islands MPA, leading its environment minister to declare that with 52% of Australia’s waters protected, it had far exceeded 30×30. This and other huge offshore protected areas hide the fact that only 15% of coastal seas around the main Australian landmass are protected. Much of it is still open to industrial fishing and oil and gas production.

    The 30×30 goal will also be an impossible dream until the world ratifies the UN’s high seas treaty. This was agreed in 2022 to manage and protect the colossal 61% of the ocean (43% of the Earth’s surface) that lies beyond the sovereign waters of any nation. Until that treaty comes into force, there is no agreed legal mechanism to create MPAs there. At present, just 1.4% of international waters are protected, much of them in Antarctica.

    The Bloomberg report recommends governments speed up the creation of more marine protected areas. Another new study suggests a further 190,000 MPAs will be needed to reach 30×30, equivalent to 85 new protected areas daily for the rest of this decade.

    While numbers and size matter, the world must also stop paying lip service to conservation and deliver real protection for nature, matched with sufficient and durable finance to ensure they work. And the high seas treaty needs urgently ratified, since there otherwise remains a near half-planet sized hole in ambitions for 30×30.



    Don’t have time to read about climate change as much as you’d like?

    Get our award-winning weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.


    Callum Roberts receives funding from Convex Insurance, EU H2020, and EU Synergy. He is a board member of Nekton and Maldives Coral Institute, and advisor to Minderoo Foundation, Pew Bertarelli Ocean Legacy and CORDAP, and is a Pew Marine Fellow and WWF Fellow.

    ref. New report reveals that targets to save 30% of the ocean by 2030 aren’t being met – https://theconversation.com/new-report-reveals-that-targets-to-save-30-of-the-ocean-by-2030-arent-being-met-241584

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  • MIL-OSI USA: Durbin, Duckworth, Quigley Announce More Than $81 Million In Additional Federal Funding For the CREATE Program

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    10.18.24

    CHICAGO – U.S. Senate Majority Whip Dick Durbin (D-IL), U.S. Senator Tammy Duckworth (D-IL), and U.S. Representative Mike Quigley (D-IL-05) today announced $81,301,065 in federal funding through the U.S. Department of Transportation (DOT) INFRA (Nationally Significant Multimodal Freight & Highway Projects) Program for the Chicago Region Environmental and Transportation Efficiency (CREATE) Program, which aims to reduce traffic delays, increase rail junction safety, and improve mobility throughout Chicago.

    DOT’s INFRA Grant Program provides federal funding for large projects of regional significance and is funded through the Infrastructure Investment and Jobs Act that the lawmakers worked to pass in 2021.

    Last month, Durbin, Duckworth, and Quigley announced $209 million in federal funding for the CREATE Program through DOT’s Mega Grant Program, bringing the total with today’s announced funding to $291,179,049.

    Today’s additional funding announcement is a major investment in the future of our transportation infrastructure. Chicagoans will be better connected because of the CREATE Program, which will improve the safety and quality of our rail system and roadways,” said Durbin. “Senator Duckworth, members of the Illinois Congressional Delegation, and I have long supported these investments, and I’m glad to see these federal dollars go toward improving safety and alleviating congestion in a region that desperately needs it.”

    “Investing in our transportation infrastructure is about growing our economy and making it easier, faster, safer and more efficient so people and goods can get where they need to go,” Duckworth said. “This significant federal investment in the CREATE Program—which Senator Durbin, members of the Illinois Delegation and I have been championing for years—will help us modernize our rail system for all Chicagoans while supporting good-paying South Side jobs and strengthening our region’s economy.”

    “The CREATE Program is fundamentally changing rail operations in Chicago for both commuters and freight. Last month, we secured $209 million in funding for this program. Today’s announcement marks another significant step toward fulfilling CREATE’s mission to improve safety, alleviate congestion, and boost mobility throughout our city,” said Quigley.

    The CREATE Program brings together the City of Chicago, the State of Illinois, the U.S. Department of Transportation, Metra, Amtrak, and the nation’s freight railroads in a partnership to eliminate transit bottlenecks, boost the economy, and improve overall safety of the Chicagoland area.

    Today’s announced funding will advance the 75th Street Corridor Improvement Project, a three-mile elevated rail corridor on Chicago’s South Side, which approximately 90 freight trains and 30 Metra commuter trains use daily. The project will reconfigure track segments and signals at Belt Junction, add a third track to the Norfolk Southern line, replace and restore 14 aging bridge and viaduct structures, and implement mobility improvements on surface streets throughout the corridor.

    Durbin and Duckworth have long championed rail improvements, having helped secure $132 million in federal funding to begin this project in 2018.

    -30-



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  • MIL-OSI United Kingdom: Arctic Circle Assembly: Minister Doughty Plenary Speech

    Source: United Kingdom – Executive Government & Departments 3

    UK Minister of State for Europe, North America and Overseas Territories outlines the UK’s commitment to the Arctic in the face of rising global challenges.

    Thank you very much. It is a genuine pleasure to be here, President Grímsson and all of you at the Arctic Circle, distinguished guests and friends across the room.

    It’s a pleasure to be here representing the new government in the United Kingdom, and it has been fantastic to be part of some fascinating discussions – yesterday following my visit with my ministerial colleague in Tromsø, at the Framsenteret in Norway, and in Oslo, and then here in Reykjavik, and meeting with many colleagues from across the Arctic region.

    I am glad of the opportunity to be able to say a few words to you about the UK’s valuable work with all of you as fellow friends of the Arctic.

    I reflect on many of my own personal relationships with people and communities across this incredible region. I have friends from Iqaluit to Nuuk, from Tromsø to Tórshavn, and here in Reykjavik too.

    I reflect back on a moment I spent as a 19-year-old in Finnish Lapland, in the Millenium New Year’s Eve, in a little cabin in the snow, in minus 25, enjoying the sauna and some skiing. 

    But like many that night, I thought a lot about the world, the future of the world in this century, my place in it and what the future might hold.

    And as I sat there amid the incredible beauty and peace, little could I have imagined how the world would look nearly a quarter of a century on.

    With Putin’s war raging on the European continent, and all of the implications that brings for regional and global security.

    And with climate change and biodiversity loss advancing at such a frightening pace, wrecking precious ecosystems and destroying livelihoods.

    And with me as the British minister responsible for Europe, North America and indeed our relations in the Polar regions, I am very conscious that I have to work with all of you to address those challenges.

    And of course that is a daunting responsibility.

    But it is also an immense privilege to hold this role and to be here with you all, united in concern and care for the Arctic, and indeed both polar regions, and determined to navigate the challenges ahead in a spirit of co-operation and respect.

    So there are three areas I wanted to focus on briefly with you today – firstly, our relationships, secondly, our shared security, and thirdly, our efforts to tackle the climate and nature crises.

    Firstly, let me confirm to you that the new UK government is putting internationalism and multilateralism at the heart of all that we do. 

    We are resetting and deepening relationships with friends in Europe and beyond – many here in this room – to better face global challenges. 

    The UK’s Arctic Policy Framework continues to guide our approach, and we continue to update and develop that, guided by science and indeed the strategic challenges that we face.

    And, as it makes clear, we are committed to the Arctic Council in our role as a State Observer, recognising that it has been at the heart of a stable and peaceful region for much of the past three decades. 

    And indeed, the Council has an important role to play in articulating a strong voice and delivering effective governance.

    It has potential to act as a multilateral ‘glue’, with the strength to bind together a fragmented world.

    So, our objectives for the Council are characterised by strong co-operation and constructive dialogue – objectives I think we all share in this room.

    And I commend Norway’s work as Chair of the Council to re-start the technical engagement in the face of the very significant geopolitical challenges.

    We will do what we can to further those efforts, as part of our commitments to the multilateral system.

    But we are of course not naïve. The security of the Arctic is clearly at risk – the impacts of Putin’s illegal war in Ukraine cannot be underestimated, let alone the wider geopolitical cooperation and competition landscape, and that will impact on all of us in this important region.

    So alongside our resolute support for Ukraine, we are working tirelessly with partners for peace, security and stability, particularly for all of those areas of Europe on what I call the flanks – including the Western Balkans, the Nordic states and beyond.

    We recognise Russia’s rights and role as an Arctic state.

    But we will not tolerate attempts to wreck regional stability, disrupt critical infrastructure or restrict freedom of navigation. 

    There is no global security without Arctic security. So, we are ready to protect and – if necessary – assert our rights.

    And on Wednesday, I was privileged to take a tour with the Norwegian Coastguard in Tromsø, to see how security threats and environmental changes are monitored in the High North.

    They have a tough job in tough conditions – and all credit to them.

    And as someone who’s participated alongside our training with Royal Marines in Northern Norway, I have huge respect for all of those who regularly brave the Arctic wilderness to ensure we are ready to protect it.

    And let me be clear that the UK’s commitment to NATO, to the Joint Expeditionary Force, the Northern Group, and the Arctic Security Forces Roundtable is ironclad, including of course our close partnership with our hosts, Iceland.

    And the NATO alliance is of particular significance to me personally. Many members of my family have served in NATO operations over many years, standing shoulder-to-shoulder with allies.

    Of course, beyond Putin’s menace, climate change and the global marine biodiversity loss that we are tragically seeing is the other immense threat that we are all discussing here looming over the Arctic.

    We are witnessing devastating impacts – on glaciers, fish stocks and weather patterns – with implications for us all.

    And we are painfully aware that global warming is driving geopolitical competition over resources beneath the ice too.

    And so that’s why my colleague, the Foreign Secretary David Lammy, made clear in his first major policy speech last month that efforts to address the climate and nature crisis are central to our new government’s work. 

    So at COP29 we will press the global community to accelerate ambition to reduce our emissions and push for an agreement on an ambitious new climate finance goal.

    And we have also seen how research to understand and assess climate change – including through the Arctic Council – has been an important basis to build collaboration. We will continue to back this.

    But we have already invested over one hundred and thirty-five million pounds in Arctic research over the last decade, including through UK centres of expertise.

    Our Royal Research Ship, Sir David Attenborough, paid its first visit to Greenland over the summer, and I was delighted to hear about their work here last night.

    That data gathered will help us understand crucial changes and their impacts on the Arctic Ocean and beyond.

    Now, our Advanced Research and Invention Agency has launched an eighty-one-million-pound call for proposals for further research around Greenland. 

    This new programme will develop an early warning system for ‘tipping points’, providing climate data of local and global importance.

    And we are committing further funds to collaborations with Arctic Council Working Groups, helping to enhance understanding of climate impacts on the livelihoods of Arctic indigenous people, including many other things.

    And I think it’s important to say here that, while we tend to focus on modern science for solutions, indigenous knowledge often holds the key to understanding and responding to the climate and nature crises, on top of the absolute necessity of working in respect and partnership with all of those communities and peoples who live in these wonderful lands, understand these lands, and steward their resources, and indeed their beauty.

    So further research will be key, and will build on our programmes, for example with Canada and the Inuit Nunangat, which is looking into climate-driven changes in that Arctic homeland, as well as impacts on health and wellbeing. I have been delighted to meet representatives of communities from across the Arctic at this fantastic conference.

    So this is just a brief flavour of our work, of our partnerships, of our hope for the future.

    But let me say in conclusion that the future of the Arctic depends on every one of us, working together, in a spirit of strong collaboration and co-operation.

    I hope that when we look back, 25 years from now, it’ll be from the perspective of a more secure, peaceful and indeed sustainable era. Not least here in the Arctic, but also globally.

    Thank you very much.

    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Russia: Principality of Liechtenstein Becomes IMF’s 191st Member

    Source: IMF – News in Russian

    October 21, 2024

    Washington, D.C. – October 21, 2024: The Principality of Liechtenstein became a member of the IMF today when Prime Minister Daniel Risch signed the Fund’s Articles of Agreement during a ceremony in Washington D.C.

    Liechtenstein applied for IMF membership in May 2023 (See Press Release 23/190). Subsequently, an IMF team visited Vaduz during November 27-December 8, 2023 (See Press Release 23/430). The principality’s decision to join the IMF was confirmed by a majority in a national referendum conducted on September 22, 2024. The initial quota[1] for Liechtenstein is SDR 100 million (about US$134.7 million). 

    After the signing ceremony, IMF Managing Director Kristalina Georgieva met with Prime Minister Daniel Risch at IMF headquarters and issued the following statement:

    “I am delighted to welcome Liechtenstein as the 191st member of our global IMF community. This membership signifies Liechtenstein’s commitment to upholding the highest standards of economic policy and cooperation on the international stage. The IMF will work closely with the authorities to support Liechtenstein’s efforts toward sustainable growth and further integration into the global economy.” 

    “Liechtenstein is joining the IMF at a time when our members and the global economy are navigating greater uncertainty and long-term challenges such as economic fragmentation and climate change. This accession reaffirms the important role entrusted to the IMF in fostering global economic cooperation and stability. Together, we will build a more inclusive and sustainable economic future for all members.”

    Prime Minister Daniel Risch added: “The Government is very pleased that Liechtenstein was able to join the IMF as the 191st member, this Monday, October 21. As a small country with limited administrative resources, we reflect carefully before joining international organizations, evaluating not only the consequences and benefits of what the organization can bring us – but also what we can bring to the organization ourselves. Liechtenstein will be a committed and dedicated member of the Fund. We’re looking forward to engaging constructively to advance international economic resilience and stability.”

    [1] A member’s quota in the IMF determines its capital subscription, voting power, access to IMF financing, and allocation of SDRs.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva-Maria Graf

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/21/pr-24387-liechtenstein-principality-of-liechtenstein-becomes-imfs-191st-member

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  • MIL-OSI Russia: Liechtenstein: Five Things You May Not Know About the IMF’s Newest Member

    Source: IMF – News in Russian

    October 21, 2024

    Liechtenstein is a winter sports destination and the only doubly-landlocked country in Europe. Find out more about the IMF’s 191st member

    The IMF welcomed the Principality of Liechtenstein as its 191st member. Prime Minister Daniel Risch signed the IMF’s Articles of Agreement in a ceremony in Washington, D.C at the beginning of the 2024 Annual Meetings, which the country now attends as a full member.

    Five Facts about Liechtenstein

    1. Liechtenstein is one of only two doubly landlocked countries worldwide, along with Uzbekistan.

      Among six smallest European states—Andorra, Malta, Monaco, San Marino, and Vatican City—Liechtenstein has the third-largest total area at 160 sq. km, comparable to the size of the city of Washington D.C. Liechtenstein is located between Austria and Switzerland in the Alps and is a winter sports destination. About 40,000 people call it home, half of the population of Andorra. Although Liechtenstein’s capital, Vaduz, is the best-known city in the principality, it’s not the largest; next-door Schaan has a larger population.

    2. Liechtenstein is a parliamentary constitutional principality with a small civil service.

      The 1921 constitution combines monarchy and democratic principles, defining the principality as “a constitutional, hereditary monarchy on a democratic and parliamentary basis.” The government consists of a five-member cabinet nominated by parliament and appointed by the prince for a four-year term. Liechtenstein has 1,500 civil servants, less than 4 percent of the population, significantly lower than the EU average of about 17 percent. Twenty-five members of parliament serve a four-year term.

    3. Liechtenstein has the second highest per capita income in Europe, behind Monaco.

      Liechtenstein’s per capita income of US$197K/year is substantially higher than that of most other small states and other European countries. High investment in research and development (6.2 percent of GDP) supports a globally-competitive and export-oriented manufacturing sector, which includes machine and tool engineering, plant construction, and precision and dental instruments, contributing to high incomes. The share of industry is high at 42 percent of gross value added, well above the EU average (about 15 percent). The financial sector, mostly based on private banking, wealth management, insurance, and trust services, accounts for about 20 percent of GDP.

    4. The number of persons employed in Liechtenstein exceeds its population.

      A distinctive feature of Liechtenstein’s economy is the large number of inward, cross-border commuters—from Austria, Germany, and Switzerland. Compared to a population of approximately 40,000, the workforce was 42,500 in 2022. About half of the workforce commutes daily from Switzerland (59 percent of commuters) or Austria (37 percent). Labor force participation is high (76.1 percent, vis-à-vis 74.9 percent in the EU), and the unemployment rate is below 2 percent.

    5. Despite its small size, Liechtenstein is globally integrated.

      The US, Germany, and Switzerland are among its most important export destinations. As part of the European Economic Area, Liechtenstein has full access to the EU’s single market, including financial markets, under the rules for free movement of services and capital. Building on access to the EU’s financial market and oversight by the European Banking Authority, Liechtenstein’s financial institutions have extended private wealth management networks outside the EU to Asia and the Middle East. Strong economic ties with Switzerland—including use of the Swiss franc—have also fostered trade and labor market integration. 

    ****

    Rodgers Chawani is a senior economist and Kazuko Shirono is a deputy chief. Both are in the IMF’s European Department.

    https://www.imf.org/en/News/Articles/2024/10/21/cf-five-things-you-may-not-know-about-liechtenstein

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