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Category: Economy

  • MIL-OSI: Eos Energy Enterprises Announces Date for Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced it will release its third quarter 2024 financial results after the U.S. market closes on November 5, 2024. A conference call to discuss its results will take place the following morning on November 6 at 8:30 a.m. Eastern Time.

    Registration Information

    A live webcast of the earnings call will be available on the “Investor Relations” page of the Company’s website at https://investors.eose.com or may be accessed using this link (registration link). To avoid delays, we encourage participants to join the conference call fifteen minutes ahead of the scheduled start time.

    The conference call replay will be available via webcast through Eos’ investor relations website for twelve months following the live presentation. The webcast replay will be available from 11:30 a.m. ET on November 6, 2024, and can be accessed by visiting https://investors.eose.com/events-and-presentations.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to clean energy with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Contacts        
    Investors:            ir@eose.com
    Media:                 media@eose.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the situation in Azerbaijan, violation of human rights and international law and relations with Armenia – B10-0141/2024

    Source: European Parliament

    Rasa Juknevičienė, François‑Xavier Bellamy, Michael Gahler, Andrzej Halicki, David McAllister, Sebastião Bugalho, Nicolás Pascual De La Parte, Isabel Wiseler‑Lima, Daniel Caspary, Loucas Fourlas, Sandra Kalniete, Łukasz Kohut, Andrey Kovatchev, Andrius Kubilius, Miriam Lexmann, Vangelis Meimarakis, Ana Miguel Pedro, Davor Ivo Stier, Michał Szczerba
    on behalf of the PPE Group

    B10‑0141/2024

    European Parliament resolution on the situation in Azerbaijan, violation of human rights and international law and relations with Armenia

    (2024/2890(RSP))

    The European Parliament,

    – having regard to its previous reports and resolutions on Azerbaijan and Armenia,

    – having regard to the European Convention on Human Rights of 1950, ratified by Azerbaijan in 2002,

    – having regard to the relevant documents and international agreements, including but not limited to the United Nations Charter, the Helsinki Final Act of 1 August 1975 and the Alma-Ata Declaration of 21 December 1991,

    – having regard to the Partnership and Cooperation Agreement between the European Communities and their Member States, of the one part, and the Republic of Azerbaijan, of the other part, signed on 22 April 1996[1],

    – having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas 300 people remain in detention in Azerbaijan on politically motivated charges; whereas prominent human rights defender and climate advocate, Anar Mammadli, has been in pre-trial detention since 30 April 2024 on bogus charges of conspiracy to bring illegal foreign currency into the country and his health has deteriorated significantly while in custody; whereas economist and political activist Gubad Ibadoghlu was moved to house arrest on 22 April 2024 after 274 days in detention;

    B. whereas Azerbaijan has also intensified its repression against the remaining independent media, such as Abzas Media and Toplum TV, through detentions and judicial harassment;

    C. whereas the Azerbaijani laws regulating the registration, operation and funding of non-governmental organisations (NGOs) are highly restrictive and arbitrarily implemented, thus effectively criminalising unregistered NGO activity;

    D. whereas Freedom House’s 2024 index ranks Azerbaijan among the least free countries in the world, below Russia and Belarus;

    E. whereas on 19 September 2023, after a nine-month illegal blockade of the Lachin corridor and disregarding both the commitments it made in the trilateral statement of 9 November 2020 and an International Court of Justice (ICJ) ruling, Azerbaijan launched an offensive on the remaining parts of Nagorno-Karabakh not already under its control;

    F. whereas more than 100 000 Armenians had to flee the territory, including 30 000 children, resulting in Nagorno-Karabakh being almost entirely emptied of its Armenian population, who had been living there for centuries; whereas this amounts to ethnic cleansing;

    G. whereas the Russian peacekeeping force did not act in accordance with its mandate, as laid down in the trilateral statement of 9 November 2020, taking no action against Azerbaijan’s blockade of the Lachin corridor, the establishment of the Azerbaijani checkpoint at the entrance to the corridor or the offensive in Nagorno-Karabakh in September 2023;

    H. whereas the Azerbaijani leadership continues to make irredentist statements with reference to the sovereign territory of Armenia; whereas the Azerbaijani army continues to occupy no less than 170 km2 of the sovereign territory of Armenia;

    1. Stresses its profound concern regarding the human rights situation in Azerbaijan;

    2. Urges the Azerbaijani authorities to immediately and unconditionally release all human rights defenders, journalists, environmental, political and other activists prosecuted under fabricated and or politically motivated charges; recalls in this context the names of Tofig Yagublu, Akif Gurbanov, Bakhtiyar Hajiyev, as well as human rights defenders and journalists including Ulvi Hasanli, Sevinj Vagifgizi, Nargiz Absalamova, Hafiz Babali and Elnara Gasimova, Aziz Orujov, Rufat Muradli, Avaz Zeynalli, Elnur Shukurov, Alasgar Mammadli and Farid Ismayilov; underlines that since April 2024, Azerbaijan has carried out further arrests of civil society activists on bogus charges, including Farid Mehralidze, Igbal Abilov, Bahurz Samadov, Emin Ibrahimov and Famil Khalilov;

    3. Recalls the need to lift the travel ban in force against Gubad Ibadoghlu and drop all charges against him, and calls on Azerbaijan urgently to ensure an independent medical examination by a doctor of his own choosing, and allow him to receive treatment abroad;

    4. Reminds the Azerbaijani authorities of their obligations to respect human dignity and fundamental freedoms in accordance with their international commitments and calls on them to repeal repressive legislation that drives independent NGOs and media to the margins of the law;

    5. Calls for the EU to impose sanctions under its global human rights sanctions regime on Azerbaijani officials who have committed serious human rights violations; reiterates its position that the EU should be ready to impose sanctions on any individuals and entities that threaten the sovereignty, independence and territorial integrity of Armenia;

    6. Recalls that the 1996 EU-Azerbaijan Partnership and Cooperation Agreement, which is the legal basis for bilateral relations, is based on respect for democracy and the principles of international law and human rights and that these have been systematically violated in Azerbaijan;

    7. Reiterates the EU’s unequivocal support for the sovereignty, territorial integrity and inviolability of the borders of Armenia; strongly supports the normalisation of relations between Armenia and Azerbaijan on the basis of the principles of the mutual recognition of territorial integrity and the inviolability of borders based on the 1991 Alma-Ata Declaration;

    8. Recalls its previous condemnation of the pre-planned and unjustified military attack by Azerbaijan of 19-20 September 2023 against the Armenians of Nagorno-Karabakh, which led to the expulsion of the entirety of the ethnic Armenian community which had been living there for centuries, amounting to ethnic cleansing; recalls that this attack resulted in the complete dissolution of the structures of the Republic of Nagorno-Karabakh and the establishment of full Azerbaijani control over the region; demands the release of all remaining Armenian political prisoners and prisoners of war;

    9. Reiterates its demand for the withdrawal of Azerbaijan’s troops from the entirety of the sovereign territory of Armenia; rejects and expresses its grave concern regarding the irredentist and inflammatory statements made by the Azerbaijani President and other Azerbaijani officials threatening the territorial integrity and sovereignty of Armenia; warns Azerbaijan against any potential military adventurism against Armenia proper; highlights that Azerbaijan’s connectivity issues with its exclave of Nakhchivan should be resolved with full respect for the sovereignty and territorial integrity of Armenia;

    10. Calls on Azerbaijan to genuinely engage in a comprehensive and transparent dialogue with the Karabakh Armenians to ensure respect for their rights and guarantee their security, including their right to return to and live in their homes in dignity and safety, overseen by an international presence, to access their land and property rights, to maintain their distinct identity and to fully enjoy their civic, cultural, social and religious rights;

    11. Calls for the establishment of an ad hoc committee within the European institutions to identify or develop international mechanisms to guarantee the collective, safe, dignified and sustainable return of the inhabitants of Nagorno-Karabakh to their ancestral land; calls for the creation of a mechanism to monitor the implementation of the reports and resolutions adopted by Parliament on Nagorno-Karabakh;

    12. Urges Azerbaijan to refrain from further destroying, neglecting or altering the origins of cultural, religious or historical heritage in the region, bearing in mind the destruction of cultural, religious and historical heritage that has occurred since the beginning of the Nagorno-Karabakh conflict, and calls on it to instead strive to preserve, protect and promote this rich diversity; demands the protection of the Armenian cultural, historical and religious heritage in Nagorno-Karabakh in line with UNESCO standards and Azerbaijan’s international commitments;

    13. Recognises the urgent need to strengthen the cooperation between the EU and Armenia in the field of security and defence; welcomes the fact that Armenia has frozen its participation in the Collective Security Treaty Organization; notes the added value of regular EU-Armenian Political and Security Dialogues, as an umbrella platform for all security related matters; welcomes the actions undertaken by several Member States to provide defensive military support to Armenia and urges other Member States to consider similar initiatives;

    14. Expresses its support for the decision of Armenia to discontinue the presence of Russian Federal Security Service border guards at the international airport in Yerevan, and its understanding for the suspension of relations with Belarus;

    15. Calls for the EU to end its dependency on gas exports from Azerbaijan; is seriously concerned about Azerbaijan’s import of Russian gas and the substantial Russian share in the production and transportation of Azerbaijani gas for the EU, which contradicts the EU’s objective of undermining Russia’s capacity to continue its war of aggression against Ukraine by cutting its revenues from oil and gas exports to the EU; urges the Commission to investigate suspicions that Azerbaijan actually exports Russian gas to the EU;

    16. Calls for the suspension of all imports of oil and gas from Azerbaijan to the EU; recalls its demand, in the light of Azerbaijan’s 2023 invasion of Nagorno-Karabakh, for the suspension of the Memorandum of Understanding on a Strategic Partnership in the Field of Energy between the European Union and Azerbaijan;

    17. Supports all initiatives and activities that could lead to the establishment of peace between Armenia and Azerbaijan and the signing of a long-awaited peace agreement; believes that if a peace agreement is to be lasting, it requires genuine engagement from the parties, not the escalation of rhetoric and demands; welcomes the recent achievement in the Commission on Delimitation and Border Security of a preliminary agreement on the delimitation of several sectors of the Armenia-Azerbaijan border;

    18. Welcomes the new momentum in bilateral relations between the EU and Armenia, which is strongly supported by the authorities in Yerevan; takes good note of Armenia’s European aspirations, as expressed by the Armenian foreign minister, among others; recalls its previous position that, pursuant to Article 49 of the Treaty on European Union, any European state may apply to become a member of the European Union provided that it adheres to the Copenhagen criteria and the principles of democracy, respects fundamental freedoms and human and minority rights, and upholds the rule of law; considers that, should Armenia be interested in applying for candidate status and continuing on its current path of sustained reforms consolidating its democracy, this could set the stage for a transformative phase in EU-Armenia relations; calls on the Commission and the Council to actively support Armenia’s desire for increased cooperation with the EU, not only in the area of economic partnership but also in political dialogue, people-to-people contacts, sectoral integration and security cooperation; believes that the experience stemming from the Association Agreements / Deep and Comprehensive Free Trade Areas with Ukraine, Georgia and the Republic of Moldova should serve as a good basis for closer EU-Armenia cooperation, in particular in relation to a gradual sectoral integration with the single market;

    19. Welcomes the decision of 22 July 2024 to launch the visa liberalisation dialogue with Armenia, which is the first step towards achieving a visa free regime for short stays in the EU; welcomes further the decision to adopt the first assistance measure under the European Peace Facility (EPF) in support of the Armed Forces of the Republic of Armenia, worth EUR 10 million; calls for the EU to cease all technical and financial assistance to Azerbaijan that might contribute to strengthening its military or security capabilities; calls on the Member States to freeze exports of all military and security equipment to Azerbaijan;

    20. Condemns the Baku Initiative Group’s repeated attempts to denigrate and destabilise EU Member States; condemns in particular its support for irredentist groups and disinformation operations targeting France, especially in the French departments and territories of New Caledonia, Martinique and Corsica; recalls that these methods were used against Germany in 2013; denounces the smear campaigns targeting Denmark; strongly opposes the allegations made by Ilham Aliyev himself at the Baku Initiative Group meeting in Baku in November 2023;

    21. Condemns the arbitrary arrests of EU citizens based on spurious accusations of espionage and their disproportionate sentencing;

    22. Regrets the smear campaign aimed at damaging France’s reputation by calling into question its capacity to host the 2024 Olympic Games, launched by actors suspected of being close to the Azerbaijani regime;

    23. Strongly condemns the intimidation, death threats and assassination attempts against opponents of the Azerbaijani Government, including in EU countries, and against Azerbaijani citizens who have been granted political asylum by Member States, such as Mahammad Mirzali in France; calls on the Member States to cooperate, if necessary, in the investigation into the murder, in September 2024, of Vivadi Isgandarl, an Azerbaijani political opponent residing in France; stresses that for the Member States, preventing any act of retaliation on their territory is a matter of democracy, human rights, security and sovereignty; insists that Europol should closely monitor this matter;

    24. Strongly condemns the public insults and direct threats made by Azerbaijani diplomatic or government representatives, or members of the Azerbaijani Parliament, targeting elected officials of EU Member States; demands, in this regard, that access for all Azerbaijani officials to EU institutional buildings be denied until further notice;

    25. Welcomes the fact that the Republic of Armenia formally deposited the instrument of ratification of the Rome Statute of the International Criminal Court in 2023 and that the statute entered into force for Armenia on 1 February 2024;

    26. Deplores steps taken by Azerbaijan towards the secessionist entity in occupied Cyprus, which are against international law and the provisions of UN Security Council Resolutions 541 (1983) and 550 (1984); calls on Azerbaijan to respect the principles of sovereignty and territorial integrity of states and to not invite the secessionist entity in occupied Cyprus to any meetings of the Organization of Turkic States;

    27. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Member States and the President, Government and Parliament of Azerbaijan.

     

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI Europe: Written question – The role of the International Centre for Migration Policy Development (ICMPD) in EU border and migration policy – E-002064/2024

    Source: European Parliament

    14.10.2024

    Question for written answer  E-002064/2024
    to the Commission
    Rule 144
    Raquel García Hermida-Van Der Walle (Renew), Tineke Strik (Verts/ALE)

    On 5 October 2024, it was reported how the International Centre for Migration Policy Development (ICMPD), once a research and dialogue centre, is playing an increasingly prominent role in implementing EU border and migration policy. It provides input, delivers border and surveillance material, and manages training centres. In 2023, the Commission gave EUR 93 million to the ICMPD. Part of this contribution was for a project in Lebanon aimed at preventing Syrian refugees from moving onward to Europe. The ICMPD has been criticised by experts for lacking transparency, democratic oversight and legal accountability, and for its potential for fundamental rights violations[1].

    • 1.How are the accountability structures of the ICMPD arranged, considering that it carries out EU border- and migration-related tasks, including enforcement tasks, supported by considerable EU funding, and how does the Commission ensure that such ICMPD projects comply with fundamental rights?
    • 2.Can the Commission explain why the evaluation reports of projects managed by the ICMPD are ‘not public’, considering that these projects implement EU border and migration policy and are financed by EU funding?
    • 3.Will the Commission provide more transparency regarding the activities of the ICMPD for the EU, which are financed by public funding, so that democratic control can be reinforced?

    Submitted: 14.10.2024

    • [1] https://www.ftm.eu/articles/intergouvernmental-migration-organisation-icmpd.
    Last updated: 22 October 2024

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI Europe: Written question – Scrutiny of EU funding for a university that promotes antisemitism – E-002065/2024

    Source: European Parliament

    14.10.2024

    Question for written answer  E-002065/2024
    to the Commission
    Rule 144
    Lukas Mandl (PPE), Monika Hohlmeier (PPE), Alice Teodorescu Måwe (PPE), Sabine Verheyen (PPE), Antonio López-Istúriz White (PPE), Miriam Lexmann (PPE), Karlo Ressler (PPE), Petras Auštrevičius (Renew), Moritz Körner (Renew), Andrey Kovatchev (PPE), Tomáš Zdechovský (PPE), Niclas Herbst (PPE)

    According to media reports, EU money is going to a university in Türkiye whose rector is known for his anti-Zionist and antisemitic position. We refer in particular to the article published on welt.de on 8 October 2024 under the headline ‘Rector incites against Israel – EU co-finances Hamas-friendly university’[1]. The article refers to relevant quotes and mentions projects that are financially supported by the EU through the Erasmus programme.

    • 1.Did the above-referenced cash flows to the relevant projects actually take place, and what other cash flows have there been from the Erasmus programme or other EU programmes to this Turkish institution?
    • 2.Are those responsible in the Commission and in the Erasmus programme aware that the rector’s above-referenced statements are incompatible with any concept of academic integrity and are capable of causing and justifying violence?
    • 3.What measures will the Commission take to reclaim the money already disbursed, and to ensure that this institution and others that lack scientific character or even engage in hate speech are not further funded with EU taxpayers’ money?

    Submitted: 14.10.2024

    • [1] https://www.welt.de/politik/deutschland/article253897712/Erasmus-Programm-Rektor-hetzt-gegen-Israel-EU-finanziert-Hamas-freundliche-Uni-mit.html.
    Last updated: 22 October 2024

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI Europe: Briefing – Poland’s National Recovery and Resilience Plan: Latest state of play – 22-10-2024

    Source: European Parliament

    In nominal terms, Poland is the third biggest beneficiary of the Recovery and Resilience Facility (RRF), after Italy and Spain. EU support for implementing Poland’s amended national recovery and resilience plan (NRRP) – Krajowy Plan Odbudowy – amounts to €59.8 billion, and includes €25.3 billion in grants and €34.5 billion in loans. The amount is €24.5 billion (+69 %) higher than the one initially approved, and takes into account a 2022 update of the maximum financial contribution, additional loans requested by Poland, and the non-repayable allocation for REPowerEU made available in 2023. RRF support per capita for Poland totals €1 584 (up from €935 initially). Poland’s NRRP has twice been amended, on 8 December 2023 to add the REPowerEU chapter, and on 16 July 2024 to adjust the timeline and scope of selected measures. The NRRP includes 54 reforms and 57 investments, and is strongly focused on the green transition and changes in energy production and consumption. The biggest components are dedicated to REPowerEU (41 % of the total allocation) and green energy and energy intensity reduction (26 %). Other priority areas include economic competitiveness, healthcare, well-functioning public institutions and the judiciary. On 28 December 2023, Poland received €5 billion in pre-financing for the REPowerEU chapter. After the satisfactory fulfilment of 37 milestones and one target, including the commitments concerning the reforms of the judicial system (‘super milestones’), and improvements of the audit and control systems, Poland received the first achievements-based payment on 15 April 2024 (€6.3 billion). On 13 September, Poland submitted payment requests for the second and third instalments, amounting to €9.4 billion and linked to achieving 38 milestones and three targets. The European Parliament participates in interinstitutional forums for cooperation and discussion on RRF implementation, and scrutinises the European Commission’s work. This briefing is one in a series covering all EU Member States. Third edition. The ‘NGEU delivery’ briefings are updated at key stages throughout the lifecycle of the plans.

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI Europe: Written question – EU measures on customs controls and duties for online purchases of low-cost and low-quality products from China – E-002053/2024

    Source: European Parliament

    14.10.2024

    Question for written answer  E-002053/2024
    to the Commission
    Rule 144
    Carlo Fidanza (ECR)

    The growth in online purchases of cheap and very low-quality products from China is seriously harming the economy and the safety of European consumers.

    Those products, which are often sold at derisory prices, not only undermine the competitiveness of European businesses, but also pose serious risks to consumers’ health and safety. Many of them do not meet the quality and safety standards imposed by the European Union and, as a result, numerous cases of defective or dangerous products have been reported.

    In the light of the above:

    • 1.What steps will the Commission take to scale up customs controls on products imported from China by means of e-commerce platforms?
    • 2.Is it considering introducing specific import duties for products that do not meet European quality and safety standards?
    • 3.What initiatives are being planned that will help European companies to compete with Chinese companies’ low-cost, low-quality products?

    Submitted: 14.10.2024

    Last updated: 22 October 2024

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI Europe: Written question – Growing Russian oil trade continues to support the war in Ukraine – E-002061/2024

    Source: European Parliament

    14.10.2024

    Question for written answer  E-002061/2024
    to the Commission
    Rule 144
    Tomáš Zdechovský (PPE)

    Despite EU sanctions, the Russian budget’s revenues from crude oil and refined petroleum products were 56 % higher for January to August 2024 than for the same months in 2023. This is one and a half times higher than one year ago and are almost the same as in the record year 2022[1].

    The biggest problem and challenge for the EU are the illegal ‘shadow’ tanker fleets that account for 90 % of Russia’s seaborne oil exports[2]. These allow Russia to ignore the price caps, so the Kremlin still has enough money to continue the war. If everything remains as it is, reserves will last at least two more years, according to analysts. Ukraine’s allies should therefore take advantage of Russia’s economic vulnerabilities and step up sanctions pressure now.

    • 1.How will the Commission enforce more decisive sanctions against all Russian crude oil and refined petroleum products and ensure that these sanctions cannot be evaded easily?
    • 2.Will the Commission consider placing greater emphasis on checking compliance with sanctions and monitoring their impact on the Russian economy?
    • 3.How else will the Commission contribute to blocking the illegal flow of Russian oil to the European market?

    Submitted: 14.10.2024

    • [1] https://kse.ua/about-the-school/news/kse-institute-s-russia-chartbook-global-prices-weigh-on-oil-exports-cbr-continues-to-struggle-with-inflation/.
    • [2] https://energyandcleanair.org/august-2024-monthly-analysis-of-russian-fossil-fuel-exports-and-sanctions/.
    Last updated: 22 October 2024

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI China: UN Security Council renews sanctions regime on Haiti

    Source: China State Council Information Office

    The UN Security Council on Friday authorized the renewal for one year the sanctions regime on Haiti.

    The Security Council, by unanimously adopting resolution 2752, decided to continue a travel ban and asset freeze, and expand the scope of an arms embargo as well as the designation criteria for those measures initially established in October 2022 to quell rampant gang violence and restore security in the crisis-torn nation.

    The council decided that, with respect to those designated for sanctions, actions that threaten peace, security or stability of Haiti as set forth in council resolution 2653 (2022) include “engaging in activities that destabilize Haiti through the illicit exploitation or trade of natural resources.”

    It also decided that the scope of the arms embargo, which had been amended in council resolution 2699 (2023), shall include “arms and related material of all types,” as well as “technical assistance, training, financial or other assistance, related to military activities,” as initially stipulated in council resolution 2653.

    The council encouraged greater coordination among the Security Council Committee and its Panel of Experts, UN Integrated Office in Haiti (BINUH), UN Office on Drugs and Crime (UNODC) and other regional frameworks, on the implementation of the sanctions, including arms embargo provisions.

    Further, the council decided to extend for a period of 13 months the mandate of the Panel of Experts, which was requested by the 15-member organ to report on the implementation of the resolution in its regular reporting to the council.

    The Security Council adopted Resolution 2653 in October 2022, which established a sanctions regime on Haiti. 

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: Chinese FM holds talks with British foreign secretary

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, holds talks with Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom David Lammy in Beijing, capital of China, Oct. 18, 2024. [Photo/Xinhua]

    Chinese Foreign Minister Wang Yi held talks with Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom David Lammy in Beijing on Friday.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, noted that China and the UK, both permanent members of the UN Security Council and major economies in the world, should be upholders of the UN-centered international order, collaborators in addressing global challenges, and partners in achieving national development.

    China is willing to work with the UK to follow the consensus reached by the leaders of the two countries, adhere to mutual understanding and respect, and make open cooperation the main theme, deepen strategic communication, promote practical cooperation, and push China-UK relations to a new stage of stable development, Wang said.

    China-UK relations have come a long way in history and now stand at a new starting point, Wang said, adding that the British Labour government has put forward the proposal to develop a long-term, stable and strategically significant relationship with China. The Chinese side has positively evaluated this proposal, as it conforms to the historical logic and practical needs of the bilateral relationship, serves the fundamental interests of the two peoples, and aligns with the historical trend and the international situation.

    Noting that Taiwan and Hong Kong affairs are China’s internal affairs, and non-interference in internal affairs is a fundamental principle of international relations, Wang said both sides should respect each other’s concerns, strengthen dialogue on the basis of equality, enhance understanding, and create an atmosphere for communication and cooperation.

    China agrees to fully restore dialogue and cooperation mechanisms in various fields between the two countries, and actively carry out mutually beneficial cooperation in trade, finance, green development, science and technology, health, education, culture and other areas, Wang said.

    China is willing to work with all countries, including the UK, to strengthen dialogue and cooperation, share international responsibilities, uphold true multilateralism, and effectively promote international fairness, justice and open development, he added.

    Lammy said the British government is committed to strengthening dialogue and cooperation with China and effectively managing differences in a coherent, mutually respectful manner that serves the long-term interests of both sides.

    The UK remains steadfast in honoring its commitment on the Taiwan question since the establishment of diplomatic relations and will stick to it in the long term, Lammy said.

    The UK looks forward to strengthening high-level and various levels of dialogue with China, expanding cooperation in areas such as climate change, energy, environmental protection, technology, economy and trade, investment and international development, and embarking on a new journey of strong development of the UK-China partnership, he added.

    As permanent members of the UN Security Council, both the UK and China should jointly uphold free trade and commit to addressing geopolitical crises and complex challenges through diplomatic means, Lammy added. 

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: Hong Kong improves listing rules to attract more IPOs

    Source: China State Council Information Office

    Hong Kong on Friday announced an enhanced timeframe for new stock listings, giving companies greater certainty in the timing of their initial public offerings (IPOs), a move that is expected to elevate Hong Kong’s attractiveness as a leading international listing venue.

    The enhanced framework clarified rules for applications fully meeting requirements, accelerated timeframe for eligible A-share listed companies, and applications requiring longer process, the Securities and Futures Commission (SFC) and the Hong Kong Exchanges and Clearing Limited (HKEX) said in a joint statement.

    Michael Duignan, the SFC’s executive director of corporate finance, said that the SFC has always been committed to transparency, accountability and better efficiency in listing regulation, and the improvement is in line with its strategic priority to enhance the global competitiveness and appeal of Hong Kong’s capital markets.

    Katherine Ng, HKEX’s head of listing, said that the enhanced timeframe will provide greater clarity and certainty in the application process for new listing applications, further elevating Hong Kong’s attractiveness as an international financial center.

    The enhanced application timeframe will be applicable to new listing applications filed after the statement, the regulators said. 

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI Russia: IMF Staff Concludes Visit to Honduras and Reaches Staff-Level Agreement

    Source: IMF – News in Russian

    October 18, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • International Monetary Fund (IMF) staff and the Honduran authorities have reached staff level agreement on a set of comprehensive policies and reforms needed to complete the first and second reviews of Honduras’ program supported by the IMF.
    • The authorities have made important progress under their program. Fiscal policy remains prudent, public investment continues to expand, and the authorities have recently begun normalizing monetary and exchange rate policies.
    • Strengthened budget execution, energy sector reforms, including to reduce the public power company’s arrears, and further adjustments to monetary and exchange rate policies remain key to safeguard macroeconomic stability and promote inclusive and sustained growth.

    Tegucigalpa, Honduras: An International Monetary Fund (IMF) team led by Ricardo Llaudes visited Tegucigalpa during October 7-18, 2024. The mission was a continuation of presential and virtual discussions in recent months. At the conclusion of the visit, Mr. Llaudes issued the following statement:

    “The Honduran authorities and the IMF team have reached staff level agreement on the economic policies necessary to complete the first and second reviews of the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements. The IMF’s Executive Board is expected to consider the case in the coming weeks.

    “The team and the authorities concurred that the Honduran economy remains broadly resilient despite a still-challenging global environment and the impact of the El Niño climate shock. Robust growth has continued this year—projected close to 4 percent—and inflation has stabilized between 4½ and 5 percent, within the tolerance range around the BCH’s inflation objective. On the external front, international reserves levels remain adequate but have continued to decline this year owing to a variety of factors, including the severe drought in the first half of the year—hindering agricultural exports and increasing energy imports—and lower-than-expected multilateral and bilateral financing support.

    “The authorities have reiterated their strong commitment to implement a prudent macroeconomic policy mix to strengthen economic stability and to take prompt actions on all critical aspects of their economic reform program supported by the IMF to ensure program objectives are met. Policy discussions and program reforms revolved around five key pillars.

    “First, continued budgetary discipline to preserve debt sustainability. As in 2023, fiscal performance this year is expected to overperform program objectives, supported by solid tax revenues and strengthened public financial management. The authorities are planning additional measures to further bolster the fiscal position, including enhancing transparency in budget execution, further strengthening the Treasury Single Account, and modernizing the public procurement framework. Timely adoption of the 2025 budget in line with program objectives is essential to support the authorities’ fiscal efforts and public investment program.

    “Second, strengthened social spending to protect the most vulnerable. The authorities have faced capacity constraints in disbursing social support. These constraints are now being lifted, and the authorities agreed on the need to roll out more decisively monetary transfers under the flagship program Red Solidaria, accelerate completion of the census of urban households in extreme poverty, and finalize the Single Social Sector Information System to facilitate the design, monitoring, and transparency of Honduras’ social programs.

    “Third, decisive implementation of monetary and exchange rate policies to keep inflation low and safeguard international reserves. Following the global shocks of 2020-2023—including the COVID-19 pandemic, global commodity shocks, and climate events—the authorities have recently begun normalizing monetary and exchange policies. Key recent measures include an increase in reserve requirements, adjustments to the monetary policy rate (TPM), and a higher rate of crawl of the Lempira, in line with the crawling band regime. There was agreement on the need for additional tightening of the TPM to support demand for Lempira assets and continued decisive implementation of the crawling band regime to achieve a healthy and sustainable external position. The authorities agreed to stand ready to further adjust these policies as needed to ensure achievement of program objectives. Strong communication with the public and markets on these measures will be key to strengthen their effectiveness.

    “Fourth, improved health of the energy sector. The team was encouraged by the recent downward trend in electricity losses by the public power company ENEE. That said, it was agreed that continued reforms will be vital to underpin ENEE’s financial health. In the short run, the authorities agreed that reducing ENEE’s payment arrears through domestic bond issuances and enhancing coordination across relevant official stakeholders to tackle ENEE’s challenges are a priority. These measures are also essential to attract needed investment to expand generation capacity and guarantee adequate provision of energy. In parallel, the authorities committed to continue other structural reforms, including integration of ENEE’s three distribution units and upgrading of its financial accounting to international standards.

    “Fifth, steadfast commitment to fight corruption. The recent establishment of an asset declaration system for public level officials and a National Observatory of Transparency and Anticorruption are welcome. Continuing efforts to strengthen the AML/CFT framework ahead of the evaluation by the Financial Action Task Force (FATF) in 2026 are essential, including approval of the Beneficial Ownership Law and creation of a corresponding firm registry including beneficial ownership information. The authorities also committed to ensure the adoption of the Honduran National Transparency and Anti-Corruption Strategy (ENTAH) and continue to strengthen the public dialogue and participation of civil society.

    “The IMF team would like to thank the authorities, the private sector, and civil society for their kind hospitality and candid discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Rosa A Hernandez

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/19/pr24384-imf-concludes-visit-to-honduras-and-reaches-staff-level-agreement

    MIL OSI

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Bus parade and exhibition amid 75th National Day celebrations review important role of bus services in public transport system

    Source: Hong Kong Government special administrative region

    Bus parade and exhibition amid 75th National Day celebrations review important role of bus services in public transport system
    Bus parade and exhibition amid 75th National Day celebrations review important role of bus services in public transport system
    ******************************************************************************************

         Organised by the Transport Department (TD), the Bus Parade cum Exhibition for Celebrating the 75th Anniversary of the Founding of the People’s Republic of China, featuring buses from the past and present, was launched today (October 19) in Victoria Park in Causeway Bay. It is one of the highlight events held by the Hong Kong Special Administrative Region Government amid National Day celebrations this year.     Speaking at the kick-off ceremony this morning, the Secretary for Transport and Logistics, Mr Lam Sai-hung, said, “Bus services have long been an indispensable and important part of Hong Kong’s economy and people’s livelihoods. Buses have not only met the travel needs of Hong Kong people every day, but have also witnessed the city’s developments.” The event marked the evolution of franchised buses in Hong Kong from the past to the present, engaging with the public to experience the crucial role of bus services in the public transport system, he added.     Mr Lam said, “The rapid development of new energy technologies of our country in recent years has enriched Hong Kong’s choices of new energy public transport. Numerous electric double-decker buses and hydrogen fuel cell buses introduced into Hong Kong in the past few years were China-made models. Our country has been forging ahead steadfastly in the last 75 years and continuous innovations in such areas as energy and transport technology not only reflect our country’s leading role in this field, but also bring the convenience of technology into the lives of the general public.”     Also officiating at the ceremony were Legislative Council (LegCo) Member (Transport) Mr Frankie Yick; the Chairman of the LegCo Panel on Transport, Dr Chan Han-pan; the Permanent Secretary for Transport and Logistics, Ms Mable Chan; the Under Secretary for Transport and Logistics, Mr Liu Chun-san; the Director of Broadcasting, Mr Eddie Cheung; the Commissioner for Transport, Ms Angela Lee; the Chairman of the Transport Advisory Committee (TAC), Professor Stephen Cheung, and the management of franchised bus operators co-organising the event. Some 750 participants from the Transport and Logistics Bureau, the TD, LegCo Members, the TAC, major public transport operators, Members of District Councils and district personalities attended the ceremony.     The officiating guests then boarded an open-top bus themed on the 75th National Day to lead a parade of eight retired and in-service buses from Victoria Park to Man Kwong Street, via Gordon Road, King’s Road, Causeway Road, Hennessy Road, Fleming Road and Lung Wo Road, which was about 6 kilometres long. Members of the public enjoyed the parade along the route across districts and took photos to share the joy. The convoy engaged with the public and tourists at locations such as Hennessy Road near Jardine’s Bazaar in Causeway Bay, Golden Bauhinia Square in Wan Chai and the destination at Central Pier.     In addition, the four-day bus exhibition at the soccer pitches of Victoria Park is open to registered members of the public free of charge from this afternoon. The exhibition features a total of 10 retired and in-service buses, including the first-generation double-decker bus introduced 75 years ago and the newly introduced China-made new energy double-decker buses. Bus model exhibits, photo-taking spots simulating a bus driver and passengers, a neon light installation as well as bus service-related memorabilia including bus captain uniforms of different generations and vintage bus tickets are also on display.     The TD reminded members of the public registered to queue up and enter the exhibition via its entrance at Soccer Pitch No. 4 of Victoria Park (near the jogging track) with a QR code at the selected time slot. Each visitor can obtain one commemorative ticket on-site. Following an overwhelming response to the exhibition, all quotas including those for additional sessions are full. The TD thanked the public for their support.     The event is fully supported by Radio Television Hong Kong (RTHK). The public may refer to the RTHK and the RTHK Radio 5 Facebook page for the live ceremony webcast.

     
    Ends/Saturday, October 19, 2024Issued at HKT 12:26

    NNNN

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI China: China to promote high-level financial opening up

    Source: China State Council Information Office

    Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with members of the International Advisory Council of the National Financial Regulatory Administration at the Diaoyutai State Guesthouse in Beijing, capital of China, Oct. 18, 2024. [Photo/Xinhua]

    China will steadily expand the institutional opening up in the financial sector, and support more foreign financial institutions and long-term capital to invest in China, Vice Premier He Lifeng said here on Friday.

    He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting with members of the International Advisory Council of the National Financial Regulatory Administration.

    He said that China will further deepen the reform of the financial system, steadily expand the institutional opening up in the financial sector, facilitate cross-border investment and financing, and support more foreign financial institutions and long-term capital to invest and start businesses in China, in order to provide high-quality financial services for China’s modernization.

    The advisory council members expressed their anticipation for the financial reform and opening up, and the development prospect of China’s economy and financial market. 

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: China’s consumer goods trade-ins unleash market potential

    Source: China State Council Information Office

    China’s consumer goods trade-ins have unleashed new market demands, with over 1.4 million applications for automobile scrapping and renewal subsidies recorded so far, Vice Minister of Commerce Sheng Qiuping said on Friday.

    As of Wednesday, more than 10.8 million consumers across the country had purchased some 15.6 million pieces of household appliance included in China’s consumer goods renewal program, Sheng told the 2024 Haihe International Consumption Forum that opened on the same day in Tianjin, north China.

    Household appliance trade-ins have driven a total sales of 73.36 billion yuan (about 10.3 billion U.S. dollars), according to the vice minister.

    During the first half of this year, consumption alone contributed 60.5 percent to China’s economic growth, driving its GDP growth by 3 percentage points, said Sheng.

    He said the ministry will join hands with other departments to further boost consumption and consolidate the stable and positive momentum of the market.

    In March this year, China unveiled an action plan to implement the equipment and consumer goods renewal program to expand domestic demand and shore up the economy. In July, it further stepped up policy support for the program with an extra fund injection of 300 billion yuan via ultra-long special treasury bonds.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: Financial opening-up under spotlight at key forum

    Source: China State Council Information Office

    The Annual Conference of Financial Street Forum 2024 is held in Beijing, capital of China, Oct. 18, 2024. The Annual Conference of Financial Street Forum 2024 opened here on Friday. [Photo/Xinhua]

    Heavyweight guests from home and abroad discussed financial opening-up and cooperation as well as economic development on Friday as they gathered in Beijing for the Annual Conference of Financial Street Forum 2024.

    Yin Li, secretary of the Communist Party of China Beijing Municipal Committee, said as an important destination for global financial investment, the Chinese capital will move faster to develop a vibrant modern financial system and enhance its capacity to serve national financial management functions.

    Toward that end, efforts will focus on improving financial service facilities, building a financial market system that fosters innovation, strengthening international financial exchanges, and maintaining a safe and sound financial environment, Yin said.

    Pan Gongsheng, governor of the People’s Bank of China, said the central bank will focus on serving high-quality development while strengthening counter-cyclical adjustments through monetary and macroprudential policies.

    The central bank will work to make financial support policies more targeted and effective, create a favorable monetary and financial environment for stable economic growth and structural adjustments, and steadily push forward financial opening up, said Pan.

    Li Yunze, head of the National Financial Regulatory Administration, said the administration will guide financial institutions to increase financial supply, improve resource allocation, and accelerate the flow of funds, therefore fully supporting the country’s economic recovery.

    Regarding the capital market, Wu Qing, chairman of the China Securities Regulatory Commission, said the regulator will deepen capital market reform, and improve institutions and mechanisms that promote the high-quality development of listed companies and strengthen the market’s intrinsic stability.

    Fu Hua, president of Xinhua News Agency, said media should move to create a favorable “soft” environment with boosted market confidence. Boosting trust and confidence is particularly of great significance when the Chinese economy is at a critical stage of overcoming challenges, he told the forum.

    Fu said Xinhua will make every effort to amplify the “main theme” of economic development, and contribute new and greater strength to advancing Chinese modernization through high-quality financial development.

    Zhu Hexin, head of the State Administration of Foreign Exchange, said the administration will make solid efforts to deepen reform and promote high-standard opening up in the field of foreign exchange.

    Work will be done to improve the opening up of capital accounts, enhance the evaluation of policies and communication with the market, and boost regulation and risk control capabilities, according to Zhu.

    Agustin Carstens, general manager of the Bank for International Settlements, said via video link that as a key engine for global growth, the strengthening of China’s domestic demand will benefit the world, inject fresh momentum into the global economy and safeguard global monetary and financial stability.

    Themed “Trust and Confidence — Work Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth,” this year’s conference is jointly hosted by the People’s Government of Beijing Municipality, the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, Xinhua News Agency, and the State Administration of Foreign Exchange.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI Economics: Rothschild & Co top M&A financial adviser in Middle East & Africa during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Rothschild & Co top M&A financial adviser in Middle East & Africa during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    Rothschild & Co was the top mergers and acquisitions (M&A) financial adviser in the Middle East & African region during the first three quarters (Q1-Q3) of 2024 by both value and volume, according to the latest Financial Advisers League Table, which ranks legal advisers by the value and volume of mergers and acquisition (M&A) deals on which they advised, by GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database reveals that Rothschild & Co achieved this leading position by advising on eight deals worth $4.2 billion.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Rothschild & Co was also the top adviser by volume during Q1-Q3 2023 and retained its leadership position by this metric during Q1-Q3 2024 as well. Meanwhile, its ranking by value improved significantly, as there was a more than three-fold increase in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. As a result, Rothschild & Co went ahead from occupying the ninth position by value during Q1-Q3 2023 to top the chart by this metric during Q1-Q3 2024.”

    HSBC occupied the second position in terms of value, by advising on $2.3 billion worth of deals, followed by Fort Capital Investment with $1.6 billion at the third position, whereas Citi and KPMG jointly occupied the fourth position, with each of them advising on $1.4 billion worth of deals.

    Meanwhile, HSBC occupied the second position in terms of volume with seven deals, followed by Rand Merchant Bank with seven deals, Deloitte with seven deals, and Clairfield International with six deals.

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Asia-Pac: AFCD holds “Sail into Fun” Leisure Fisheries Expo (with photos)

    Source: Hong Kong Government special administrative region

         â€‹The Agriculture, Fisheries and Conservation Department (AFCD) is holding the “Sail into Fun” Leisure Fisheries Expo today and tomorrow (October 19 and 20) at Domain Mall in Yau Tong. The Expo showcases the diversity of local leisure fisheries activities through a series of workshops, guided tours, seminars, plays and sales booths featuring fisheries products.

         Officiating at the opening ceremony, the Under Secretary for Environment and Ecology, Miss Diane Wong, remarked that the “Sail into Fun” Leisure Fisheries Expo is one of the key promotional initiatives aiming at facilitating the development of local leisure fisheries, as outlined in the Blueprint for the Sustainable Development of Agriculture and Fisheries. Through participating in a variety of leisure fisheries activities, members of the public can experience and understand the heritage of fisheries’ history and culture, as well as recognise Hong Kong’s precious marine and cultural resources. This initiative aims at promoting the blue economy, facilitating the sustainable development of fisheries, and creating new opportunities for the development of both the fisheries and tourism industries.

         The “Sail into Fun” Leisure Fisheries Expo brings together a range of unique leisure fisheries-related activities across Hong Kong, including workshops on fish net weaving, pearl and shell jewellery making, salted fish curing, Gyotaku printing and fish sketching. Additionally, there are Lei Yue Mun Sam Ka Tsuen guided tours and plays showcasing the culture of fishermen. The Expo also features a variety of unique seminars, including firsthand accounts from fishermen about the culture of a fishing village, experts’ sharing on the history of local pearl cultivation and tips on selecting different fisheries products. These activities foster public appreciation of fisheries’ history and culture through the imprints left by the fishermen and the fisheries industry of the past. There are also sales booths offering high-quality local fisheries products and fishery-related handicrafts for members of the public to purchase on-site.

         The “Sail into Fun” Leisure Fisheries Expo is open from noon to 7pm. Members of the public are invited to join for free. No prior registration is required for the seminars and plays, while a limited number of seats for the workshops and the guided tours are available on-site for reservation. The event schedule can be found in the Annex.

         Developing leisure fisheries is one of the key directions outlined in the Blueprint. Through integrating fisheries culture and ecological resources, the Government aims to assist the upgrade and transformation of the industry. The AFCD will continue to provide fishermen with training courses, exchanges and field visits related to leisure fisheries, and encourage the trade to launch pilot projects of developing leisure fisheries activities based on commercial modes of operation through funding support from the Sustainable Fisheries Development Fund. The AFCD will, at the same time, enhance promotion of local leisure fisheries, as well as explore suitable modes of development for leisure fisheries in Hong Kong and opportunities for jointly developing leisure fisheries in the Guangdong-Hong Kong-Macao Greater Bay Area.         

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI New Zealand: Removing roadblocks to building infrastructure

    Source: New Zealand Government

    New Zealand has a widely acknowledged infrastructure deficit, which is holding us back socially, economically and environmentally, Land Information Minister Chris Penk says.

    “If we want to improve our productivity and lift our standard of living, we need to fix our pipes, increase the capacity of our schools and hospitals and build more houses, roads and renewable energy sources. 

    “To help achieve this we are reviewing the Public Works Act, which is a fundamental piece of legislation that allows the Government to acquire land for critical public infrastructure. 

    “Having not been substantially amended since 1988, the Act is no longer fit-for-purpose, and it is time to make changes to improve its fairness and efficiency.

    “An independent expert advisory panel has carried out a targeted review and identified instances where the Act lacks clarity and commonsense.

    “For example, all infrastructure projects that use the Act must meet a high threshold of being of ‘national and regional significance’. While a high threshold is important for protecting private property rights, there are many worthy and necessary projects that are vital for a particular region or community but may not be nationally significant. 

    “Similarly, building large-scale modern infrastructure often creates a knock-on effect where existing infrastructure must be upgraded or moved to accommodate the new project. For example, a new state highway often requires new regional roads to connect to it. Or widening a road may mean moving power pylons. 

    “This necessitates working across government agencies at both a central and regional level and acquiring land for direct and indirect purposes, which the current Act poorly enables.

    “If we can make it simpler to acquire land for critical projects, then we reduce the likelihood of budget blow-outs and delays and can get on with growing our economy and delivering the public services Kiwis deserve.

    “I’m looking forward to considering the review’s findings and recommendations in more detail and expect to announce policy decisions about changes to the Act by the end of the year, with a view of the Public Works Act Amendment Bill being introduced to Parliament in mid-2025.”

    MIL OSI New Zealand News –

    January 24, 2025
  • MIL-OSI USA: News 10/17/2024 Blackburn, Duckworth Introduce Bill to Increase Access to Advanced Wheelchairs

    US Senate News:

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

    NASHVILLE, Tenn. – U.S. Senators Marsha Blackburn (R-Tenn) and Tammy Duckworth (D-Ill.) introduced the Choices for Increased Mobility Act to increase access to wheelchairs made with advanced materials by allowing Medicare beneficiaries to upgrade to lighter, more functional wheelchairs without bearing the entire upfront cost. These manual wheelchairs help prevent shoulder injuries, enhance maneuverability, and reduce overall pain and fatigue for users. 

    “Too many Americans with disabilities face unnecessary barriers to obtaining the best mobility equipment to meet their needs,” said Senator Blackburn. “By making it easier for Medicare beneficiaries to upgrade to wheelchairs made with advanced, lighter materials like carbon fiber and titanium, this bipartisan bill would help improve the quality of life for countless individuals. I’m pleased to work with Senator Duckworth to reduce financial burdens on those who rely on these essential devices and ensure that more people have access to the mobility solutions they deserve.”

     “For too long, Medicare recipients have struggled to access lighter, more functional wheelchairs that would help them get around more easily while putting significantly less strain on their bodies,” said Senator Duckworth. “Our bipartisan legislation would help ensure Medicare recipients are better able to access the wheelchairs they need to live healthier, more independent lives—with minimal cost to the federal government. It’s a win-win.”
    BACKGROUND
    Complex Rehab Technology (CRT) is a specialized subset of the Durable Medical Equipment benefit, which includes highly configurable manual and power wheelchairs, adaptive seating, and positioning systems. Among these, manual wheelchairs constructed from advanced materials like carbon fiber and titanium are significantly stronger and lighter than standard aluminum wheelchairs.
    When the Medicare billing code for ultra-lightweight manual wheelchairs was established in 1993, materials like titanium and carbon fiber were not considered, as they were not yet in use for wheelchairs. As a result, CRT providers have struggled to supply wheelchairs with these advanced materials at the fee schedule amounts set by Medicare.
    Historically, Medicare allowed beneficiaries who met medical necessity requirements to upgrade their equipment by paying the difference between standard and upgraded materials. However, a policy change in 2016 removed this option, requiring beneficiaries to prepay the entire cost of the wheelchair out-of-pocket and await reimbursement for the standard portion, significantly limiting access to these advanced wheelchairs.
    CHOICES FOR INCREASED MOBILITY ACT
    The Choices for Increased Mobility Act would create two new billing codes for ultra-lightweight manual wheelchairs: one for base models and another for those constructed with titanium or carbon fiber. This change would allow Medicare beneficiaries to upgrade to lighter, more functional wheelchairs without bearing the entire upfront cost. Instead, beneficiaries would only pay for the cost of the specialized materials, significantly reducing their financial burden.
    This bill aims to restore the option for beneficiaries to choose and pay for advanced materials for their wheelchairs without removing medical necessity requirements. It would ensure that Medicare covers the standard portion of the wheelchair cost, with beneficiaries responsible only for the upgraded materials.
    ENDORSEMENTS
    This legislation is supported by the American Association for Homecare, Permobil Americas, National Coalition for Assistive and Rehab Technology, National Registry for Rehabilitation Technology Suppliers, Clinical Task Force, The VGM Group, U.S. Rehab, Association for Tennessee Home Oxygen & Medical Equipment Services, Great Lakes Home Medical Services Association, Midwest Association for Medical Equipment Services, Southwest Medical Equipment Suppliers Association, Alabama Durable Medical Equipment Association, Michigan HomeCare & Hospice Association, Pennsylvania Association of Medical Suppliers, Georgia Association of Medical Equipment Suppliers, Texas Medical Equipment Providers Association, Home Medical Equipment and Services Association of New England, Georgia Association of Medical Equipment Suppliers, Florida Alliance of Home Care Services, Atlantic Coast Medical Equipment Services Association, Northeast Medical Equipment Providers Association, Nevada Association of Medical Product Suppliers, Big Sky Association of Home Medical Equipment Suppliers, Pacific Association for Medical Equipment Services, Colorado Association for Medical Equipment Services, California Association of Medical Product Suppliers, Ohio Association of Medical Equipment Services, and Arkansas Medical Equipment Providers. 
    “We are so fortunate to be able to work with leaders like Senator Blackburn and Senator Duckworth who share our passion for supporting people with disabilities,” said Tom Ryan, President & CEO of the American Association for Homecare. “Their work to improve access to lightweight wheelchairs is the latest example of their commitment to ensuring people with mobility challenges can remain actively engaged in their communities.”
    “Our mission will always be to enable those with disabilities to live life with independence by providing aides of the same technical standards that we all use in our daily lives. S. 5154 is a common sense, budget neutral solution that empowers individuals with the choice to access to the many benefits of titanium or carbon fiber wheelchair frames,” said Chuck Witkowski, President of Permobil Americas. “We are immensely grateful to Senators Blackburn and Duckworth and thank them for their continued leadership and support of this community.”
    Click here for bill text.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI China: Flower business thrives in China’s Dounan

    Source: China State Council Information Office

    The air is charged with anticipation as an auction commences at the Kunming International Flora Auction Trading Center in Kunming, southwest China’s Yunnan Province.

    Giant screens flicker with the pulse of the market, displaying the ever-changing prices of fresh-cut flowers. Auctioneers make swift decisions, and soon the auctioned flowers will embark on journeys far and wide, not just within the country but to over 50 overseas markets.

    Official data shows that daily transaction volume at the auction trading center, located in Dounan of Kunming, is as high as 6 million stems.

    In the afternoon, Yang Tao delivers 2,000 bundles of blooms to the flower market. A second-generation flower grower, Yang bears witness to the transition of Dounan.

    Residents in Dounan began planting flowers in 1983. In the 1990s, they embarked on the path of commercial cultivation and trading of fresh-cut flowers. At that time, farmers and traders sold flowers on the main road of Dounan Village, forming a 50-meter-long “Dounan flower street.”

    Over the following decades, flowers grown in Dounan were sold to more regions across the country. In 1999, China’s first professional flower-trading market was established in Dounan.

    Since then, Dounan has further developed and strengthened its flower industry chain, progressively establishing itself as the largest fresh-cut flower trading hub in Asia. Now seven out of 10 fresh-cut flowers in China come from Dounan.

    Every day, over 1,700 varieties of fresh flowers are traded in Dounan, which has established itself as the national center for trade, logistics, financial services and big data information of flowers, as well as a convention and exhibition hub for flower tourism.

    Dounan’s blooming flower industry has also consolidated China’s role as a major player in the global flower market.

    With about 1.5 million hectares dedicated to flower cultivation and more than 5 million people involved in the industry, China has become the world’s largest flower producer, and an important flower trader and consumer.

    A guideline jointly issued by China’s National Forestry and Grassland Administration and the Ministry of Agriculture and Rural Affairs proposed that by 2025, the annual sales of the country’s flower industry will reach 300 billion yuan (about 42 billion U.S. dollars), and more than 700 billion yuan in 2035.

    Such promising market prospects have encouraged flower growers to keep improving their know-how and updating cultivation techniques.

    “The introduction of advanced technologies and an integrated smart irrigation system for water and fertilizer has revolutionized our cultivation techniques,” Yang said.

    “This has led to a substantial increase in both the yield and quality of our roses. Now, a team of just four workers can efficiently manage 1.3 hectares of flower fields,” he said, adding that during peak holiday periods, the high market demand means he can sell 140,000 roses in a single day.

    The flower industry has ignited a wave of prosperity that extends far beyond itself.

    “We have a thriving market centered on the flower industry. We have established cooperation with 49 logistics enterprises, nearly 12,000 brands, over 10,000 flower brokers, 350,000 flower wholesale markets and florist shops across the country,” said Qian Chongjun, the executive president of Yunnan Dounan Flower Industry Group.

    As the flower industry flourishes, a ripple effect is transforming the surrounding areas of Dounan. The blossoming logistics, financial services and tourism sectors are all contributing to a vibrant economic boom in the region.

    To Yang, the industry brings a palpable sense of happiness and fulfillment, bringing him a comfortable income while providing a service to thousands of customers seeking flowers to adorn their homes or as a romantic gift.

    “My life has taken a significant step forward thanks to the flowers,” he said, adding that he has recently invested in a new refrigerated truck and hired a driver as the volume of business continues to grow.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI USA: Disaster Recovery Center Opens in Mecklenburg County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Mecklenburg County

    Disaster Recovery Center Opens in Mecklenburg County

    RALEIGH, N.C. –  A Disaster Recovery Center (DRC) will open Monday, Oct. 21 in Charlotte (Mecklenburg County) to assist North Carolina survivors who experienced loss from Tropical Storm Helene. 

    The Mecklenburg County DRC is located at: 

    Corvian Community School
    9501 David Taylor Drive
    Charlotte, NC 28262
    Open: 8 a.m. – 7 p.m., Monday through Sunday

    A DRC is a one-stop shop where survivors can meet face-to-face with FEMA representatives, apply for FEMA assistance, receive referrals to local assistance in their area, apply with the U.S. Small Business Administration (SBA) for low-interest disaster loans and much more.

    FEMA financial assistance may include money for basic home repairs, personal property losses or other uninsured, disaster-related needs, such as childcare, transportation, medical needs, funeral or dental expenses.

    Centers are already open in Asheville, Bakersville, Boone, Brevard, Hendersonville, Jefferson, Lenoir, Marion, Morganton, Newland, Old Fort, Sparta, Sylva and Waynesville. To find those center locations, go to fema.gov/drc or text “DRC” and a zip code to 43362. Additional recovery centers will open soon. All centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology. 

    Homeowners and renters in 39 North Carolina counties and tribal members of the Eastern Band of Cherokee Indians can visit any open center, including locations in other states. No appointment is needed. 

    It is not necessary to go to a center to apply for FEMA assistance. The fastest way to apply is online at DisasterAssistance.gov or via the FEMA app. You may also call 800-621-3362. If you use a relay service, such as video relay, captioned telephone or other service, give FEMA your number for that service.
     

    aubrey.pound
    Sun, 10/20/2024 – 19:20

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI New Zealand: National Infrastructure Pipeline Worth $147.6 Billion

    Source: New Zealand Government

    The latest snapshot report from New Zealand Infrastructure Commission shows that the value of infrastructure projects in the National Infrastructure Pipeline totalled $147.6 billion in June, an increase of more than 20% since March, Infrastructure Minister Chris Bishop says.

    The pipeline is managed by the New Zealand Infrastructure Commission and provides a national view of current or planned infrastructure projects, from roads, to water infrastructure, to schools, and more.

    “The pipeline includes projects currently in construction through to those being scoped and planned over the next 10 years. Almost 60 per cent ($87.7 billion) of this value comes from projects that are funded, part-funded, or have a funding source confirmed,” Mr Bishop says.

    “The Infrastructure Commission has worked with infrastructure providers to improve transparency and quality of information and available to the sector. In their June pipeline release, the total value of infrastructure projects has increased 20.7 per cent since March 2024.

    “Insights from the pipeline show that projects currently in construction at varying stages of completion have a total expected value of $48 billion. Active and planned projects from central government infrastructure providers account for $89.5 billion of value in the pipeline and $51.3 billion of those projects are funded, part funded or have a funding source confirmed.

    “The Commission’s projections show that more than $16 billion is expected to be spent across all infrastructure sectors in 2024. This spend is equivalent to around four per cent of our GDP and highlights the significance of our infrastructure sectors to the New Zealand economy. Transport accounts for the biggest spend with more than $7 billion, followed by the social sector at $3.9 billion and water at $2.1 billion.

    “The estimated value of projects in the pipeline changes over time as infrastructure providers update their project planning, improve the scope and quality of the information they submit, and as more organisations contribute their project information. Eighty-five organisations from across central government, local government, and the private sector now contribute project information to the Pipeline, an increase of 21.4 per cent over the last 12 months.

    “As the number of contributors and information in the pipeline grows so does the effectiveness and value from this tool. This quarter the Commission saw the highest number of contributors to the pipeline. A more robust and transparent pipeline is good for New Zealand. It can help us understand where there are pressures and opportunities for the construction sector.

    “I look forward to local authorities adding their infrastructure projects to the pipeline from their recently released Long Term Plans, and encourage all infrastructure providers to contribute and maintain the information on their projects and investment intentions in the pipeline”.

    Note:

    The National Infrastructure Pipeline can be found on the New Zealand Infrastructure Commission’s website.

    MIL OSI New Zealand News –

    January 24, 2025
  • MIL-OSI Canada: Small Business Week: Parliamentary Secretary Yao

    Source: Government of Canada regional news

    “Small businesses are the backbone of Alberta’s economy, driving innovation, creating jobs and enriching our local communities.

    “Small businesses make up about 95 per cent of all businesses and employ almost 35 per cent of all private sector employees across the province, a testament to the entrepreneurial and innovative spirit of Albertans.

    “Almost 19 per cent, or one out of every five Albertans, are starting or have recently opened a business. The impact of small businesses is far-reaching. Their contributions matter deeply to their neighbours, families, friends and communities who support them.

    “Small Business Week gives us all the opportunity to celebrate the hard work and dedication of our entrepreneurial community. They employ hundreds of thousands of hard-working Albertans across the province and their ingenuity, hard work and creativity spurs new economic opportunities for Alberta. The simple fact is: when small businesses thrive, so does Alberta.

    “In honour of Small Business Week, I encourage everyone to take this opportunity to shop local, support Alberta’s entrepreneurs and celebrate the business landscape that makes our province so unique.

    “Working alongside our business community, we can build a more prosperous future for our province.”

    Related information

    • Small business resources

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI Global: What does class mean today in Britain? Podcast

    Source: The Conversation – UK – By Laura Hood, Host, Know Your Place podcast, The Conversation

    Gig economy workers take a break in Chinatow, London. Shutterstock/Grant Rooney

    Social class continues to influence British people’s opportunities and the way they think about them, even if the boundaries between those classes have shifted.

    In the third part of Know Your Place: what happened to class in British politics, a podcast series from The Conversation Documentaries, we explore how class is defined and measured, and how the UK’s changing class identity interacts with identity politics.

    Over the course of the last half century, there’s been a big shift in the make up of the labour market, and a decline in what are traditionally considered working class jobs, such as in manufacturing. And yet, data from the annual British Social Attitudes (BSA) survey run by the National Centre for Social Research, found that 52% of people identify as working class compared with 43% who identify as middle class.

    According to Oliver Heath, professor of politics at Royal Holloway University of London, who co-authored the chapter on class for the BSA report in 2023, people still think about themselves in class terms to exactly the same degree as they did 40 years ago.

    There’s been no decline in terms of whether people think of themselves as identifying with a class, and no decline in whether they identify with being working class or not. So that seems remarkably stable and if anything showed some signs of actually increasing.

    The growth of self-employment, and in particular the gig economy, has disrupted the UK’s traditional class structure, according to Daniel Evans, a lecturer of criminology, sociology and social policy at Swansea University.

    The size of the formally self-employed has absolutely exploded. It’s close to about 5 million,  which is coming very close to the size of the entire public sector. This is absolutely unprecedented. In the early 1970s, it was about 1 million self-employed people.

    Evans argues this has also muddled what it means to be part of the petit bourgeoisie, someone who own the means of your own production in a Marxist sense.

    So many people are doing almost like bogus forms of self-employment. Whereas in the past, lots and lots of people are doing this voluntarily, a lot of working class people aspired to join the ranks of the self-employed because they wanted to be their own boss … more and more people have been forced, basically, into self-employment.

    Education, education, education

    Amid these shifts, education has become a dominant force in recent years, overriding class defined by occupation or income as the most influential factor in voter behaviour. According to Paula Surridge, professor of political sociology at the University of Bristol, this was true for the Brexit vote too, she says.

    Education is a stronger predictor of Brexit vote than class, with those with degree or higher level education more likely to vote remain than those with lower level qualifications. And the reason for that is the Brexit vote was primarily driven by a set of social values that don’t relate to economics.

    Town and gown: Britain’s modern political divide.
    Shutterstock

    This can be a tricky dynamic to talk about. The education divide is not a term intended to deliver a value judgement but describes two distinct experiences of life. The university population in the UK has exploded since the 1990s and going to university has a profound effect on a person’s outlook, according to John Curtice, professor of politics at the University of Strathclyde and senior research fellow at Natcen:

    The experience of university, where people get mixed with people from diverse backgrounds, they’re encouraged, particularly in the humanities, to be critically reflective about culture, etc. that that seems to create a rather more socially liberal ambience.

    For more analysis, listen to the full episode of Know Your Place: what happened to class in British politics on The Conversation Documentaries.

    A transcript is available on Apple Podcasts.


    Know Your Place: what happened to class in British politics is produced and mixed by Anouk Millet for The Conversation. It’s supported by the National Centre for Social Research.

    Newsclips in the episode from BBC Newsnight, Financial Times, The Frost Report, CBC News, Sky News, France24 English, AP Archive, BBC News, Official Jeremy Corbyn Channel and Channel 4 News.

    Listen to The Conversation Documentaries via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here.

    John Curtice receives funding from UKRI-ESRC. Tim Bale has previously received funding for research on the Conservative Party and party members from the Leverhulme Trust and from the Economic and Social Research Council. Oliver Heath does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Paula Surridge does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Daniel Evans does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Know Your Place: what happened to class in British politics is supported by the National Centre for Social Research.

    – ref. What does class mean today in Britain? Podcast – https://theconversation.com/what-does-class-mean-today-in-britain-podcast-241412

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI: Grab to Announce Third Quarter 2024 Results on November 12, 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 12, 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 –

    January 24, 2025
  • MIL-OSI: Tower Semiconductor Announces Third Quarter 2024 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel – October 21, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2024 earnings release on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its third-quarter 2024 financial results and fourth-quarter 2024 guidance on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).

    The call will be webcast and available through the Investor Relations section of Tower Semiconductor’s website at https://ir.towersemi.com/, where the pre-registration form required for dial-in participation is also accessible. Upon completing the registration, participants will receive the dial-in details, a unique PIN, and a confirmation email with all necessary information. The teleconference will be available for replay for 90 days.

    About Tower Semiconductor         
    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns two facilities in Israel (150mm and 200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy, with ST as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: http://www.towersemi.com.

    ###
    Contact Information:
    Tower Semiconductor Investor Relations                        
    Noit Levy, SVP Investor Relations                
    noitle@towersemi.com | +972-74-7377556                 

    Attachment

    • TSEM_Tower_Q32024_PRDate

    The MIL Network –

    January 24, 2025
  • MIL-OSI Russia: Students and teachers of the State University of Management participate in the VII Youth Forum “Heritage”

    MILES AXLE Translation. Region: Russian Federation –

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

    On October 19, 2024, as part of the educational program of the VII Youth Forum “Heritage”, Associate Professor of the Department of Public and Municipal Administration of the State University of Management Irina Milkina held an open lecture for the Forum participants.

    The lecture was held in the Urban Studies section on the topic of “Revitalization of cultural heritage sites in the context of sustainable development”. Irina Milkina spoke about global challenges and sustainable development goals, about how the restoration and revitalization of cultural heritage sites affects the creation of new opportunities for the social, economic and environmental development of cities and improving the quality of life of the population.

    The educational program also included lectures on other topics that help Forum participants in developing a project: economics, history, management, jurisprudence, sociology, design and architecture, PR.

    The grand opening of the VII Youth Forum “Heritage”, organized by the Department of Cultural Heritage of the City of Moscow, took place on September 28 at the “Youth of Moscow” site. The opening ceremony was attended by students from the State University of Management, the Higher School of Economics, Moscow State University of Civil Engineering, Moscow University of Architecture and Civil Engineering, the Financial University under the Government of the Russian Federation and others. SUM was represented by 3rd and 4th year students of the “Urban Studies and City Management” program.

    The forum was opened by the head of the Moscow Department of Cultural Heritage, Alexey Yemelyanov: “This year, a record number of students are participating in the competition program of the VII Youth Forum “Heritage” — more than 300. The number of universities has also increased — from 23 in 2023 to 28 now. Over the past two years, the guys have been working on restoration and adaptation projects for Moscow estates, and now they will have to prepare a concept for including a constructivist monument — the Palace of Culture of the “Serp i Molot” plant — into the life of a modern metropolis.”

    Participants were drawn and divided into interdisciplinary teams. The teams consist of specialists in architecture, restoration, urban studies, sociology, management, economics, law, design, IT and PR.

    In two months, the Forum participants will have to prepare a restoration project for the Hammer and Sickle Palace of Culture by architects Ignatius Milinis and Aleksandr Vilesov. The 1930 constructivist building is located in the Tagansky District of Moscow and is a cultural heritage site of regional significance.

    From October 5 to 7, a tour of the site was organized for each team, where the participants were able to become familiar with the history of the place in detail, discuss the further work plan of each specialist, and develop a concept for including the site in the life of the city.

    The defense of the finished projects will take place on November 22. At the defense, the jury will evaluate the work done by the participants and select the best projects for the restoration and adaptation of the cultural heritage site.

    Also, within the framework of the Forum, the organizers will hold educational events for participants: lectures, master classes, excursions to restoration workshops, workshops and job fairs.

    Comments from participants:

    Alexandra Nenarokomova, 3rd year student: “I have been participating in the project for the third year now, and I can say that for me this is an opportunity to demonstrate my professional skills, meet specialists in my field, and learn something new about my city.”

    Anastasia Kupreeva, 3rd year student: “I am glad to take part in the Forum this year. We will have to work with a unique object and improve the existing concept.”

    Vladislav Zelensky, 4th-year student: “This year, for the first time, we will be able to work with a Soviet-era monument, which is pleasing and creates additional interest in the forum. In the past two years, as part of this event, my teams and I worked on pre-revolutionary buildings, which had more design restrictions.”

    Subscribe to the TG channel “Our GUU” Date of publication: 21.10.2024

    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.

    Students and teachers of the State University of Management participate in the VII Youth Forum “Heritage”

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI United Kingdom: Eight-year ban for director of home improvements firm which failed to complete more than £300,000 of building work

    Source: United Kingdom – Government Statements

    The company accepted payments for projects when it was insolvent

    • Samantha Fairweather was the sole director of Fairweather Construction Ltd when it took payments from customers for home improvements it did not complete 

    • The company had already failed to finish building work such as new conservatories and windows when it accepted the additional payments  

    • Fairweather Construction had substantial debts at the time it took the payments, including owing more than £100,000 in tax 

    The boss of an Essex construction firm which took more than £300,000 in deposits for home improvements work it never completed has been disqualified as a director for eight years. 

    Samantha Fairweather, 53, was the sole director of Fairweather Construction Ltd when it sought advice from an insolvency practitioner in April 2022, owing more than £100,000 in unpaid tax. 

    The company had taken deposits from homeowners worth more than £150,000 by this time for building work such as the installation of new windows or conservatories which it had not finished. 

    However, Fairweather Construction then proceeded to take a further £177,900 in payments for further building projects it did not complete, including £37,370 in deposits for new work, before it was liquidated in the autumn of 2022.  

    Neil North, Chief Investigator at the Insolvency Service, said: 

    Samantha Fairweather knew, or ought to have known, that the company she was a director of had unpaid debts to HMRC and had been unable to fulfil its obligations to existing customers. 

    The company then took significant amounts of money from homeowners for house extensions and projects which were never done. 

    Members of the public need protection from this kind of activity which is why Fairweather will no longer be able to act as a company director until October 2032. 

    Fairweather, of Maitland Road, Stansted Mountfitchet, was the only director of Fairweather Construction since it was established in December 2014. 

    The company marketed itself as a home improvement specialist, with its work mainly focused on properties around the Essex and Hertfordshire border. Its registered office address was more than 150 miles away on Wood Lane, Heskin, Lancashire. 

    However, homeowners from further afield also lost out as a result of the company’s actions. 

    One couple from south London paid Fairweather Construction £12,500 for new windows in July 2022, but the order was never placed with the manufacturer. 

    Similarly, a woman from Saffron Walden paid the company £4,500 for new windows in August 2022, which were never fitted. 

    In the same month, Fairweather Construction took £18,000 from customers in the Bishop’s Stortford area for a new conservatory and extensions to an existing one which were not built. 

    Numerous excuses were made by the company for why the orders were not fulfilled. 

    Fairweather also caused her company to breach the Covid Bounce Back Loan Scheme in May 2020 by using £11,000 of the £50,000 she obtained to repay a director’s loan. 

    These payments were not for the economic benefit of the business as they had to be under the rules of the scheme. 

    Fairweather Construction entered liquidation in September 2022 with liabilities of more than £700,000. 

    The Secretary of State for Business and Trade accepted a disqualification undertaking from Fairweather, and her eight-year ban began on Monday 21 October. 

    The disqualification prevents her from becoming involved in the promotion, formation or management of a company, without the permission of the court. 

    Further information 

    • Samantha Fairweather is of Maitland Road, Stansted Mountfitchet, Essex. Her date of birth is 29 April 1971. 

    • Fairweather Construction Ltd (company number 09345352) 

    • Individuals subject to a disqualification order or undertaking are bound by a range of restrictions 

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Published 21 October 2024

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI Europe: Germany: EIB and Deutsche Leasing support the green transformation of small businesses and mid-caps

    Source: European Investment Bank

    EIB

    • Deutsche Leasing will provide new leases on favourable terms to small and medium-sized companies (SMEs) and mid-caps in Germany and countries in Eastern Europe.  
    • The second tranche of this operation, started in February, has been signed.  
    • The loan has a two-fold focus on cohesion, accounting for 50% of the projects, and green investments, with 30% of green leases.

    The European Investment Bank (EIB) and Deutsche Leasing have announced the second tranche of a project designed to support small business and mid-cap leases for a total project cost of €560 million, with a total of €200 million of EIB financing approved. A first tranche of €50 million of the €200 million has been signed in February.

    Under the cooperation programme, Deutsche Leasing will finance machinery and technologies that lead to energy savings, low-carbon mobility and other environmental solutions, thereby supporting the green transformation of small businesses and mid-caps.

    Deutsche Leasing will use the EIB loan to finance small and medium-sized companies (SMEs, with fewer than 250 employees) and midcaps (with up to 3 000 employees) in Germany and countries in Eastern Europe. The beneficiaries will be able to use the funds for long-term investment projects. The focus of the second tranche lies on climate investment. It is foreseen that at least 30% of the EIB funds will be used to support climate and the environment, such as financing of energy efficient industrial equipment and agricultural machinery, including climate adaptation measures.

    As the EIB has the highest possible credit rating (AAA), it can raise funds on the capital markets on favourable terms. The advantages of the EIB-backing will be passed on to the SMEs and midcaps to enable them to invest into growing their businesses and investing in their green transition.  By facilitating access to financing, this partnership will promote long-term economic growth as well as job security. This operation should support approximately 570 SMEs and thus approximately 47,300 employees.

    “SMEs and MidCaps are the backbone of our European economy”, EIB-Vice-President Nicola Beer said. “Supporting them is one of the core missions of the EIB. Together with financing partners like Deutsche Leasing, we provide long-term, stable financing for the Mittelstand to invest in innovative projects for the green and digital transition and help foster the European competitiveness.”

    Deutsche Leasing supports SMEs and midcaps in successfully managing the upcoming transformation to a Green Economy that lies in innovative technologies, by disseminated those technologies largely in its target markets across the EU and beyond. Deutsche Leasing will also provide advisory expertise for corporates and public entities in the sustainable transformation and plays a key role in the circular economy.

    The use of intermediated lending via Deutsche Leasing will provide EIB financing to reach smaller scale projects that are often unable to demonstrate sufficient volume for a standalone EIB-financed project.

    “We are pleased to continue our good cooperation with the EIB, as well in the context of financing the green transformation. With the EIB’s refinancing, we as the Deutsche Leasing Group offer our SME customers the opportunity to realize green transformation projects on the European market”, Deutsche Leasing CEO Kai Ostermann said.

    This operation continues the EIB’s cooperation with Deutsche Leasing and complements the synthetic securitisations of 2020 and 2023 signed with Deutsche Leasing Romania, part of the same group, consisting of guarantees for financing small businesses and mid-caps.

    Background information

    The European Investment Bank is the long-term lending institution of the European Union. It finances sound investments that contribute to EU policy objectives. EIB projects strengthen competitiveness, sustainable development, and social and territorial cohesion. They promote innovation and accelerate the transition to climate neutrality. The EIB Group – which also includes the European Investment Fund – signed a total of €88 billion in new financing for over 900 projects in 2023. These commitments are expected to mobilise around €320 billion in investment, supporting 400 000 companies and 5.4 million jobs.

    The Deutsche Leasing Group is the solution-oriented asset finance partner for the German SME sector. The company provides support for investment projects in Germany and other countries and offers a wide range of financing solutions (asset finance) and supplementary services (asset services) for current and non-current assets. The company helps its customers to finance change and innovation when it comes to the key transformative issues of our time – in the areas of decarbonisation, digitalisation and forward-looking infrastructure. As a central and international group partner, the Deutsche Leasing Group is Sparkassen-Finanzgruppe’s centre of excellence for leasing, factoring as well as other alternative forms of financing.

    Deutsche Leasing
    Germany: EIB and Deutsche Leasing support the green transformation of small businesses and mid-caps
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    Deutsche Leasing
    Germany: EIB and Deutsche Leasing support the green transformation of small businesses and mid-caps
    ©EIB
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    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI United Kingdom: Mayor announces winner of innovation challenge to help more Londoners into work

    Source: Mayor of London

    • Mayor announces £50,000 for three winners of his No Wrong Door Open Innovation Challenge to develop innovative ways to help Londoners enhance their skills and move into new or better jobs
    • The winning ideas are designed to help London’s diverse communities including refugees, diverse communities, young people and women get back to work
    • Five runners up will also receive £5,000 in additional funding, helping Londoners to access skills and training for green jobs, enhanced CV writing, and access to job opportunities for young Londoners

     

    The Mayor of London, Sadiq Khan, has announced the three winners of his No Wrong Door Open Innovation Competition, which will help to pioneer new ways to help disabled Londoners, women, refugees, young and older Londoners access high-quality skills and employment support to better thrive in our economy. For Londoners, the No Wrong Door innovation challenge means that no matter their starting point or what service they access first, they can be connected to the right type of support at the right time to help them into good work.     

    Sadiq’s No Wrong Door Open Challenge encouraged innovators to address the challenges that London’s diverse communities can face when accessing the labour market. These include lack of necessary additional support when navigating employment applications or systems; insufficient understanding from employers when tailoring jobs; and lack of support for physical or mental health barriers.  

    The three winners are:

    • Earlybird, an AI-driven platform will equip individuals with the skills and support they need to overcome barriers to employment, helping them secure and retain meaningful jobs.
    • Facework Group CIC, an online platform providing training and workspaces for refugees, that will provide training in employability skills, mental health support, self-employment opportunities, and social integration.
    • Tailored Futures, an AI-powered platform providing support to individuals within the criminal justice system by connecting them with employers, helping them access job opportunities and rebuild their lives, ultimately reducing reoffending rates.

     

    Research commissioned by City Hall(1) in the summer of 2023 has shown that integration of employment and skills services could be improved through human centred, technology and innovative solutions to address barriers that make it harder for various Londoners to access support. 

    Alongside the winners, five runners up were chosen and will receive £5,000 in additional funding, along with monthly coaching sessions provided by delivery partner, Allia Impact, to help them further their ideas. These ideas range from helping Londoners to access skills and training for green jobs, enhanced CV writing, upskilling for mothers returning to the workplace and support to access job opportunities for young Londoners.  

    The Mayor’s adult skills programmes have already supported over one million learners. As part of the Mayor’s commitment to help grow London’s economy, Sadiq is focused on ensuring that Londoners furthest from the labour market to get the support they need to help them build their skills and move into new and better jobs. 

    One of the Mayor’s 10 key priorities is the new London Growth Plan, with a target of helping to create more than 150,000 good jobs by 2028 and increasing living standards for all Londoners. The new growth plan aims to grow London’s economy, so we can improve the lives of all Londoners, drive London’s green transition and support prosperity in London and across the country.  

    The Mayor of London, Sadiq Khan, said: “These innovative solutions will help those Londoners struggling to gain the skills they need to move ahead in the job market, ensuring our economy has the talented workforce it needs to thrive. 

    “In the face of a cost-of-living crisis, increased rents and mortgages and rising energy bills, it is more important than ever for Londoners to get the right employment support, as we continue to build a better, fairer, more prosperous London for everyone.” 

    Claudine Adeyemi-Adams, Founder of Earlybird, said: “We are so honoured to be selected for Phase II of the NWD Innovation Challenge. It’s real validation for us that the judges, who are experts in employment support and, we hope, future Earlybird users, can see the significant value that our innovation creates. We are really looking forward to deepening our relationships with partners in the GLA network and NWD community and driving greater impact as we scale our solution, particularly for employment support organisations and people who are out of work.”  

    Titi Solarin, Founder of Tailored Futures CIC, said: “We’ve been working on the concept of this app for several years, and it’s incredible to finally see it moving towards the development stage. This app is designed to help people navigate the complexities of reintegrating into the community after involvement with the criminal justice system. I’m beyond excited about the potential impact it will have, making support and opportunities more accessible to those who need it most.” 

    Stephen Carrick-Davies CEO of the Facework Group said: “We have proved that with training and support those with the lived experience of migration can play an important role in supporting other refugees to access better quality work or self-employment.  For this to be effective it has to be personalised, human-centric and address wider issues of mental health and integration into the wider community.  We are thrilled that Facework has received NWD support for us to now scale our approach and build partnerships with Local Authority job teams and wider stakeholders.”

    MIL OSI United Kingdom –

    January 24, 2025
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