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Category: Economy

  • MIL-OSI China: Turnover hits record high on China’s stock markets

    Source: China State Council Information Office

    This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. [Photo/Xinhua]

    The combined turnover of China’s Shanghai and Shenzhen bourses reached 3.45 trillion yuan (about 487.92 billion U.S. dollars) on Tuesday, surpassing the 2.59 trillion-yuan turnover recorded on Sept. 30 and hitting a new high.

    The benchmark Shanghai Composite Index went up 4.59 percent to close at 3,489.78 points, while the Shenzhen Component Index closed 9.17 percent higher at 11,495.1 points.

    Over 5,000 stocks ended higher, with the server-operating-system and semiconductor sectors leading the gains.

    The ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, gained 17.25 percent to close at 2,550.28 points.

    The market sentiment rose strongly on the Chinese government’s announcement of a mix of policy measures including monetary stimulus and property market support policies to galvanize the economy’s rebound.

    On Sept. 24, the People’s Bank of China announced a cut in the reserve requirement ratio by 0.5 percentage points for financial institutions. On Sept. 29, it announced a reduction in the mortgage rates for first homes, second homes and more by no lower than 30 basis points below the loan prime rate by the end of this month.

    On the same day, China’s Ministry of Housing and Urban-Rural Development also vowed support to stabilize the real estate market, by encouraging municipal governments, especially those in the first-tier cities, to leverage their decision-making powers to regulate the real estate market, and adjust policies restricting housing purchases based on local conditions.

    China is confident of achieving the full-year growth target, while mulling new supporting policies to sustain the steady and healthy economic growth, the country’s top economic planner told a press conference Tuesday.

    More efforts will be made to bolster the capital market, by vigorously guiding medium and long-term funds into the capital market, promoting mergers and acquisitions among listed companies, as well as mulling over and introducing measures to protect small and medium-sized investors, said Zheng Shanjie, head of the National Development and Reform Commission.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI USA: Rep. Crow Joins Colorado Leaders to Host Third Future of Buckley Space Force Base Meeting

    Source: United States House of Representatives – Congressman Jason Crow (CO-06)

    Congressman Crow was joined by Senator Hickenlooper, Lt. Gov. Primavera, Aurora City Manager Jason Batchelor, and Buckley SFB leadership to discuss the future of the base

    AURORA — Today, Congressman Jason Crow (CO-06), former Army Ranger, joined Colorado leaders to host the third Future of Buckley Task Force meeting. This event brings together high-level defense community stakeholders and base leaders for an open discussion on the future of Buckley as well as ongoing efforts to support Buckley’s mission and Colorado’s military community. Topics included energy resilience and infrastructure projects on the base; 140th Wing recapitalization efforts; and improving quality of life for servicemembers and base personnel.

    This year, Congressman Crow was joined by Senator John Hickenlooper, Lieutenant Governor Dianne Primavera, Aurora City Manager Jason Batchelor, and Buckley Space Force Base leadership.

    “Supporting Buckley Space Force Base is a major priority of mine in Congress,” said Congressman Crow. “I’m glad to have Senator Hickenlooper, Lieutenant Governor Primavera, Aurora City Manager Jason Batchelor, and Buckley leadership here today at the third Future of Buckley Task Force meeting to support Buckley’s mission, uplift our military community, and solidify Colorado’s role as a global aerospace leader.”

    Buckley Space Force Base is a key economic driver for Colorado. The base employs 3,100 active duty members, 4,000 National Guard personnel and Reservists, 2,400 civilians, and 2,500 contractors. It is estimated that Buckley contributes $1 billion annually to the local economy. 

    This third meeting of the Future of Buckley Task Force builds on Congressman Crow’s longstanding work to support Buckley Space Force Base and solidify Colorado’s role as a global aerospace leader. In December 2023, Congressman Crow secured key priorities in this year’s National Defense Authorization Act, including bipartisan legislation to ensure that the U.S. Air Force conducts necessary planning to ensure that aging jets are replaced at bases nationwide. As part of the NDAA, Congressman Crow also secured $14.7M for critical water and electric infrastructure upgrades at Buckley. 

    ###

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Australia: Albanese Government keeping the National Broadband Network in public hands

    Source: Australian Ministers 1

    The Albanese Government is introducing legislation today to keep the National Broadband Network (NBN) owned by the Australian people – ensuring fast, reliable and affordable internet now and into the future for all Australians.
     
    Our Government committed at the election to deliver accessible internet for all, and today we continue to take that forward.  
     
    High speed broadband is essential to modern life – it allows Australians to work remotely, run their businesses more productively, video-conference with clients and colleagues, supply and receive telehealth services – while enjoying leisure with their families through streaming.
     
    The Coalition rushed to declare the NBN ‘complete’ so they could put it on the block for sale – selling out Australian consumers and regional communities.
     
    The Albanese Government won’t let that happen. This legislation will ensure the NBN is owned by who it belongs to – the Australian people.
     
    This is in addition to what we have already done: 

    1. Invested $2.4 billion to expand full fibre NBN access to an additional 1.5 million premises – including 660,000 rural and regional communities;
    2. From September next year, boosting download speeds by up to 5 times current speeds. A household or small business with a 100 Mbps plan in 2024 will benefit from 500 Mbps connectivity in 2025;
    3. Rolling out more fibre in the fixed line network, upgrading the fixed-wireless network and planning for future needs.

     
    These upgrades are already making a real difference in the lives of Australians through faster more reliable internet access. 
     
    Keeping the NBN in public hands will lock in affordable and accessible high speed internet for all Australians for generations to come.
     
    Quotes attributable to Prime Minister Anthony Albanese: 
     
    “All Australians deserve high quality and affordable services no matter their postcode. That includes access to the NBN.
     
    “Keeping the NBN in public hands means high speed broadband remains affordable for Australian families and businesses around the country.
     
    “Upgrades to the NBN are also a key part of our plan for a Future Made in Australia, but achieving this vision won’t happen without a reliable, high-speed National Broadband Network.
     
    “The Coalition made a mess of the NBN – my Government is getting on with the job of fixing it and making sure it stays in public hands, where it belongs.”
     
    Quotes attributable to Minister for Finance Katy Gallagher: 
     
    “The NBN is critical national infrastructure, and we know that having a faster, higher quality NBN network has a huge impact on Australia’s economy – delivering a $400 billion uplift in GDP by 2030.
     
    “Economic analysis commissioned by NBN Co shows that for every one megabit per second increase in average broadband speed, Australia’s productivity-driven GDP increased on average by 0.04 per cent.
     
    “The Albanese Government is delivering a better NBN for Australians, investing $2.4 billion in the October 2022-23 Budget to expand fibre access to 1.5 million premises by 2025.”
     
    Quotes attributable to Minister for Communications Michelle Rowland:
     
    “It is only a Labor Government that will ensure the NBN remains in public hands.
     
    “Communities across Australia have told us that the job of upgrading the NBN is not complete, which is why we’re investing in more fibre and fixed wireless upgrades. 
     
    “Australians don’t trust the Coalition not to flog off the NBN just like they did with Telstra, resulting in higher prices and poorer services, especially in the regions.
     
    “This Bill will ensure the NBN continues to deliver for all Australians – improving digital inclusion and price certainty for industry and consumers.
     
    “The Government is delivering on our election commitments to provide fast, reliable and affordable broadband to all Australians, and only by keeping the NBN in the ownership of the Australian people will that vision continue to be delivered.”
     

    MIL OSI News –

    January 23, 2025
  • MIL-OSI China: China confident to achieve full-year growth target

    Source: China State Council Information Office

    An aerial drone photo taken on Feb. 2, 2024 shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in north China’s Tianjin. [Photo/Xinhua]

    China is confident to maintain steady and healthy economic growth and achieve the full-year growth target, the country’s top economic planner said Tuesday.

    The market sentiment has improved recently with a pick-up of the purchasing managers’ index in the manufacturing sector, a warming stock market and a vital consumption market during the National Day holiday following the implementation of existing policies and the additional policies unveiled recently, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), told a press conference.

    The fundamentals of China’s economic development have not changed, and favorable conditions such as huge market potential and strong economic resilience have not changed, said Zheng.

    China’s financial authorities announced a broader-than-expected policy package last month to stimulate economic recovery. These policy measures include reducing the reserve requirement ratio for banks and mortgage rates for existing homes, as well as introducing new monetary programs to boost the capital market, among other initiatives.

    The recently unveiled package of additional policies was designed to strengthen counter-cyclical macro policy adjustment, expand effective domestic demand, increase efforts to help enterprises, stabilize the real estate market and boost the capital market, Zheng said.

    The Chinese economy was able to maintain overall stable growth, with progress made in the first three quarters, said Zhao Chenxin, deputy head of the NDRC, in the press conference.

    With the effect of additional policies gradually emerging, China’s economic vitality will be further unleashed, market confidence will be further strengthened, and the foundation for the high-quality development and stable economic operation will be further consolidated, said Zhao.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI USA: Baldwin Earns American Farm Bureau Federation’s “Friend of Farm Bureau” Award

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin

    EAU CLAIRE COUNTY, WI – Today, U.S. Senator Tammy Baldwin (D-WI) received the American Farm Bureau Federation’s (AFBF) “Friend of Farm Bureau” award, recognizing her steadfast commitment to Wisconsin farmers and rural communities. Senator Baldwin accepted the award while visiting Messerschmidt Farms in Fall Creek, Wisconsin.

    “Wisconsin farmers are the backbone of our state’s economy and the fabric of our rural communities, and it’s my job to hear their concerns and fight for them in Washington,” said Senator Tammy Baldwin. “I’m honored to be named a ‘Friend of Farm Bureau,’ and look forward to continuing to fight in Washington to give Wisconsin farmers and rural communities the tools they need to succeed for generations to come.”

    “The Wisconsin Farm Bureau supports Senator Tammy Baldwin for her continued dedication to Wisconsin’s agricultural community,” said Wisconsin Farm Bureau Federation President Brad Olson. “Senator Baldwin has led efforts to enforce FDA labeling standards through the Dairy Pride Act and increased funding in Wisconsin businesses through the Dairy Business Innovation Initiative, which has directed almost $40 million to help Wisconsin dairy businesses. Her leadership on key legislation like the Meat Business Innovation Act and the Farmland Security Act reflects her commitment to the future of our farmers and rural communities. Senator Baldwin understands the unique challenges facing Wisconsin agriculture and has consistently been a strong voice in Washington, advocating for policies that promote sustainability and growth in our state’s farming industry.”

    AFBF gives the award to members of Congress who were nominated by their respective state Farm Bureaus and approved by the AFBF Board of Directors. Senator Baldwin was given the award based on her legislative efforts to support Wisconsin’s farm families and agriculture economy. Senator Baldwin has introduced several pieces of legislation backed by the Wisconsin Farm Bureau, including:

    • Farmland Security Act, bipartisan legislation to increase transparency and oversight of foreign ownership in the American agricultural industry.
    • Protecting Future Farmland Act, bipartisan legislation to ensure that federal investments in rural energy projects prioritizes both land stewardship and responsible deployment of renewable energy to protect America’s farmlands for future cultivation.
    • Dairy Business Innovation Act, bipartisan legislation to reauthorize and strengthen the Dairy Business Innovation Initiatives, to help more American dairy farmers and processors add value to their businesses, including creating new products, expanding their markets, and modernizing their production facilities. Senator Baldwin successfully created the DBI Initiatives through the Dairy Business Innovation Act in 2018, which passed as part of the 2018 Farm Bill and has since delivered $40 million to help Wisconsin dairy businesses innovate and reach new customers.
    • Meat Business Innovation Act, legislation that applies the successful model of the Dairy Business Innovation Initiatives to the livestock farming and meat processing industry.
    • DAIRY PRIDE Act, bipartisan legislation to require non-dairy products made from nuts, seeds, plants, and algae to no longer be mislabeled with dairy terms such as milk, yogurt or cheese.

    Downloadable pictures from the visit and of Senator Baldwin receiving the award can be found here.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Economics: Money Market Operations as on October 08, 2024

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 524,659.73 6.24 2.00-7.30
         I. Call Money 9,875.51 6.42 5.10-6.50
         II. Triparty Repo 366,048.45 6.21 6.11-6.26
         III. Market Repo 147,457.77 6.29 2.00-6.45
         IV. Repo in Corporate Bond 1,278.00 6.46 6.39-7.30
    B. Term Segment      
         I. Notice Money** 103.00 6.26 5.95-6.75
         II. Term Money@@ 254.50 – 6.60-6.85
         III. Triparty Repo 267.00 6.35 6.35-6.37
         IV. Market Repo 206.06 6.60 6.60-6.60
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Tue, 08/10/2024 3 Fri, 11/10/2024 9,398.00 6.49
    3. MSF# Tue, 08/10/2024 1 Wed, 09/10/2024 5,308.00 6.75
    4. SDFΔ# Tue, 08/10/2024 1 Wed, 09/10/2024 88,739.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -92,829.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Fri, 04/10/2024 14 Fri, 18/10/2024 44,275.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Mon, 07/10/2024 4 Fri, 11/10/2024 36,825.00 6.49
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       6,300.46  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -71,259.54  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -164,088.54  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on October 08, 2024 988,113.30  
         (ii) Average daily cash reserve requirement for the fortnight ending October 18, 2024 1,001,756.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 08, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on September 20, 2024 418,318.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad            
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1251

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI New Zealand: OCR decision a welcome relief for working people

    Source: Council of Trade Unions – CTU

    NZCTU Te Kauae Kaimahi Economist Craig Renney said the decision by the Reserve Bank to cut the official cash rate by 50 basis points (0.5%) to 4.75% will be a welcome relief to workers facing higher unemployment and a struggling economy. “The Reserve Bank has been forced into a significant cut because the economy has failed to fire. Weak consumer spending, weak business investment, weak house prices, and a weakening labour market all put our economic recovery at risk.”

    “The Government is expecting the Reserve Bank to do all the work and support economic growth. Rather than supporting the economy and working people through difficult times, this Government has chosen to cut spending and investment, and is happy to see unemployment rise to levels not seen for a long time. These are choices, and the Government could invest now to deliver the growth we need for the future. Simply cutting interest rates returns to the economy of the past – and all the problems it already had”.

    “While many people will welcome lower interest rates, and some retailers will welcome the potential for additional spending, the rate cut is not a sign of strength in the economy but is a recognition of its weakness. We need to build a better economy,  one with good work and higher incomes. Nothing in the government’s plan for cuts delivers that.” Renney said.

    MIL OSI New Zealand News –

    January 23, 2025
  • MIL-OSI Russia: Sergei Sobyanin: A service for interaction between science and business has opened in Moscow

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Moscow Innovation Cluster launched a service to establish connections between science and business R. He told about this Sergei Sobyanin in his telegram channel.

    “It will help to integrate scientific developments into the real sector of the economy more quickly and efficiently. Two scientific organizations and 14 universities of the capital have joined the service, eight of which have the special status of national research university,” the Mayor of Moscow noted.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    These include Lomonosov Moscow State University, I.M. Sechenov First Moscow State Medical University, and N.E. Bauman Moscow State Technical University.

    Scientists and students conduct research for the subsequent implementation of developments at large businesses. Research teams have more than 400 laboratories equipped with advanced equipment at their disposal.

    More than 300 requests have already been received from oil refining, transport, medical, metallurgical, energy, railway, and electric grid companies. Each application is accompanied by experts and the necessary laboratory is selected to implement the project.

    Sobyanin: Lomonosov Cluster Plays Leading Role in Import Substitution Development

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

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

    https://vvv.mos.ru/major/themes/11874050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI China: Steps taken to ensure food security

    Source: China State Council Information Office 2

    China has outlined detailed policy measures to underpin its “all-encompassing approach” to food and to build a diversified food supply system, which analysts said will contribute to ensuring food security and building up the country’s strength in agriculture.
    The guideline on speeding up the building of a diversified food supply system, issued by the General Office of the State Council in September, said the country will take measures to effectively promote the development of new food varieties, fields and technologies.
    Efforts will be made to expand food resources through multiple channels, boost sci-tech innovation to improve the quality and effectiveness of food development, and enhance the entire industrial chain, in particular the value chain of the food industry, according to the document.
    Both the report of the 20th National Congress of the Communist Party of China and the No 1 document of 2024 proposed an all-encompassing approach to food and the expansion of food resources, which analysts said indicates the strong emphasis China has put on the issue.
    “The adoption of an all-encompassing approach to food can not only better meet people’s growing diversified food consumption needs, but also constitute an inevitable choice to address food security challenges confronted by China,” said Tang Wei, an associate professor at Sichuan Agricultural University’s Law School.
    According to official data, last year China’s total meat production was 97.48 million metric tons, its milk production was 42.81 million tons, and poultry and egg production reached 35.63 million tons. Tang said these figures reflect changes in people’s diets and that there should be higher requirements for the diversity of food supply.
    The all-encompassing approach to food emphasizes moving beyond traditional staple crops to address food security, and instead expanding to a broader category that includes meat, eggs, dairy, fruits, vegetables, fish, mushrooms and bamboo shoots.
    Despite having only nine percent of the world’s arable land and six percent of its freshwater resources, China feeds nearly 20 percent of the global population.
    “In the context of increasing constraints on resources and the environment, embracing the approach will help ensure food security and sustainable development,” Tang said.
    The document issued last month called on expanding from arable land resources to encompass the entire territory’s resources under the premise of protecting the ecological environment, encouraging exploring new food resources from natural resources, including forests, grasslands, rivers, lakes, seas and facility-based agriculture.
    “Expanding the spatial scope of agricultural production and diversifying supply channels can reduce the pressure on arable land, further consolidating the foundation of food security,” Tang added.
    Zheng Fengtian, a professor at the School of Agricultural Economics and Rural Development at Renmin University of China, underscored the necessity to fully tap resources in accordance with local conditions and highlighted the importance of substantial investment in scientific and technological innovation in boosting agricultural modernization.
    He gave the example that the vast majority of western China, which may not be suitable for large-scale farming, is endowed with abundant forest resources. The region can support the development of the understory economy and the cultivation of various cash crops, he said.
    The understory economy refers to the development of industries under the forest canopy such as animal husbandry and planting suitable crops.
    Official data shows that beyond arable land, China has over 267 million hectares of forest, a similar amount of grassland, and abundant rivers, lakes and seas.
    More importance should be attached to these resources, and research and development into corresponding varieties and technologies to foster diversified food supply channels, Zheng said.
    Expanding agricultural production space does not mean unlimited extraction, rather, it is about the reasonable use of natural resources, he added.
    Zheng warned that the sources of China’s grain imports and transportation capacity of import channels are relatively concentrated, making the country susceptible to geopolitical and shipping risks.
    Adopting an all-encompassing approach to food could enhance the resilience of China’s food supply chains, allowing it to actively respond to external instability and uncertainty, he said.
    “If China can achieve significant agricultural technological breakthroughs, it will not only facilitate addressing its food security but also set an example for other developing countries,” Zheng said, calling for shoring up innovation in areas including breeding technology and strengthening the leading role of enterprises.
    Sheikh Ahaduzzaman, a representative for China at the United Nations Food and Agriculture Organization, said at an event held last year he expects China’s food industry to become more powerful, upgraded, innovative and sustainable. “This will not only benefit the Chinese people, but also make a significant contribution to the positive progress of the 2030 Agenda for Sustainable Development,” he said.
    According to the State Council’s September document, China will accelerate breeding innovation to cultivate high-yield, high-quality and stress-resistant new varieties, and encourage enterprises to collaborate with universities and research institutes in a bid to develop and promote new technologies and equipment.
    Sun Shujing, a senior agriculture researcher at Fujian Agriculture and Forestry University, highlighted the significant roles of scientific and technological innovation in nurturing competitiveness in agricultural products and industries.
    Sun has previously researched white fungus, with the aim of improving production technologies and increasing yields. “Influenced by the all-encompassing approach to food, research priorities will be given to innovation across the entire industry chain to promote the healthy development of the industry,” she said.
    The document specifically mentions developing and expanding the edible mushroom industry, and creating edible mushroom products, which Sun said will strengthen researchers’ confidence in engaging in the industry and motivate them to meet the significant national demand for the product.
    Zhong Yu, a researcher at the Institute of Agricultural Economics and Development of the Chinese Academy of Agricultural Sciences, said efforts should be made to achieve a virtuous cycle of mutual adaptation between demand and production to promote the high-quality development of agriculture and better meet the people’s aspiration for a better life.
    “We should accelerate the establishment of a comprehensive food safety standard and inspection system, proactively align domestic standards with international standards, and expedite the construction of a traceability system for the entire agricultural product supply chain to effectively reduce food safety risks,” he said.
    Zhong underscored the need to match supply with demand, saying technologies such as big data should be fully leveraged to understand what consumers want in a timely manner so that production can be adjusted effectively.
    As the all-encompassing approach to food emphasizes nutritious and healthy consumption, he said China should keep improving its system for nutritional health standards while continuing to promote food saving and reducing food waste.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI Security: Dual U.S. and Iranian Citizen Arrested for Unlawful Scheme to Violate and Evade U.S. Sanctions Against Iran

    Source: United States Attorneys General

    Kambiz Eghbali, also known as Cameron Eghbali, 50, of Los Angeles, was arrested yesterday pursuant to a now-unsealed indictment charging him, along with Hamid Hajipour and Babak Bahizad, both Iranian nationals, with violations of the International Emergency Economic Powers Act, conspiracy to commit bank fraud, and conspiracy to commit money laundering. Bahizad and Hajipour remain at large.

    According to the indictment, from March 2014 through September 2019, Eghbali and others conspired to unlawfully send digital and physical gift cards loaded with U.S. dollars to Iran. Eghbali would list his company, a U.S.-based purported videogame wholesaler and distributor located in the Central District of California, as the seller of the gift cards, and would provide cards to Bahizad for the benefit of his Iran-based gaming company, and to Hajipour for the benefit of his mobile software application service company. Bahizad and Hajipour would then pay Eghbali for the cards by transferring money from Iran to Eghabli’s U.S.-based bank accounts using third parties in other countries to conceal the transfer from U.S. regulators.

    The International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR) impose controls and restrictions on transactions involving Iran based on the threats posed by Iran to the national security of the United States including, among others, its pursuit of nuclear weapons and sponsorship of terrorism. The IEEPA and ITSR, among other things, prohibit the export, reexport, sale, or supply, directly or indirectly, from the United States or by a United States person, wherever located, of any goods, technology, or services, including financial services, to Iran or the Government of Iran without first obtaining authorization from the U.S. Treasury Department’s Office of Foreign Assets Control.

    If convicted, the defendants face the following maximum penalties: 20 years in prison for violations of IEEPA, 30 years in prison for bank fraud violations, and 20 years in prison for money laundering violations. The indictment also notifies defendants that the United States intends to forfeit all property alleged to be traceable to proceeds of the offense. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Assistant Attorney General Matthew G. Olsen of the Justice Department’s National Security Division, U.S. Attorney Martin E. Estrada for the Central District of California, and Executive Assistant Director Robert Wells of the FBI’s National Security Branch made the announcement.

    The FBI is investigating the case, with support from Homeland Security Investigations.

    Assistant U.S. Attorneys Anna Boylan and Mark Takla for the Central District of California and Trial Attorneys David J. Ryan and Leslie Esbrook of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI New Zealand: Universities – Do investors trust AI for stock market predictions? – UoA

    Source: University of Auckland (UoA)

    Despite the growing sophistication of artificial intelligence, investors prefer human expertise when it comes to stock market predictions, according to a new study. 

    The study, which involved 3,600 US participants, examined responses to S&P 500 stock predictions made by human analysts, AI systems and a combination of both.
    Researchers Dr Gertjan Verdickt (University of Auckland) and Francesco Stradi (KU Leuven), say the findings challenge the assumption that AI’s data-crunching prowess might automatically earn investor trust. 
    “We found that investors are more likely to believe human analysts first, followed by a combination of both human and AI,” says Verdickt, a finance lecturer at the University of Auckland Business School. 
    “AI-generated predictions are viewed with the most scepticism.”
    He says this result was somewhat surprising in light of recent developments in AI technology.
    “Previous studies have shown that AI can outperform human analysts, but it’s apparent that trust is a major issue.”
    The results also showed notable differences between genders, with women showing more openness to AI-driven advice than men. 
    “Men tend to be overconfident in their financial abilities, which may explain why they are more sceptical of AI,” says Verdickt.
    “Also, we have seen in other studies that women, on average, get different and often worse advice from financial advisers, such as recommendations for products with higher fees and less risk.” 
    The findings also show that investors with a deeper understanding of AI are more likely to trust its predictions. 
     
    Meanwhile, people who gave their political affiliation as Democrat, were more likely to trust AI-generated forecasts than Republicans.
    To explore whether using more familiar AI tools could boost trust, the researchers also tested whether investors would view the well-known large language model ChatGPT more favourably.  
    “Contrary to recent research suggesting familiarity enhances trust in technology, our results indicate that replacing ‘AI’ with ‘ChatGPT’ does not improve investor trust. In fact, we find that investors distrust ChatGPT-generated advice, perhaps even more than the generic ‘AI model’ we reference in our study.” 
    Verdickt says the findings show that technical effectiveness alone can’t gain investor trust.  
    “We are the first to study investors’ reactions to AI forecasts from a perspective of credibility and beliefs. Our findings show that financial institutions should approach AI integration cautiously and consider tailored communication strategies for different demographics.”  

    MIL OSI New Zealand News –

    January 23, 2025
  • MIL-Evening Report: The Australian government has introduced new cyber security laws. Here’s what you need to know

    Source: The Conversation (Au and NZ) – By David Tuffley, Senior Lecturer in Applied Ethics & CyberSecurity, Griffith University

    gerardaskes/Shutterstock

    The Albanese government today introduced long-awaited legislation to parliament which is set to revolutionise Australia’s cyber security preparedness.

    The legislation, if passed, will be Australia’s first standalone cyber security act. It’s aimed at protecting businesses and consumers from the rising tide of cyber crime.

    So what are the key provisions, and will it be enough?

    What’s in the new laws?

    The new laws have a strong focus on victims of “ransomware” – malicious software cyber criminals use to block access to crucial files or data until a ransom has been paid.

    People who pay a ransom do not always regain lost data. The payments also sustain the hacker’s business model.

    Under the new law, victims of ransomware attacks who make payments must report the payment to authorities. This will help the government track cyber criminal activities and understand how much money is being lost to ransomware.

    The laws also involve new obligations for the National Cyber Security Coordinator and Australian Signals Directorate. These obligations restrict how these two bodies can use information provided to them by businesses and industry about cyber security incidents. The government hopes this will encourage organisations to more openly share information knowing it will be safeguarded.

    Separately, organisations in critical infrastructure – such as energy, transport, communications, health and finance – will be required to strengthen programs used to secure individuals’ private data.

    The new legislation will also upgrade the investigative powers of the Cyber Incident Review Board. The board will conduct “no-fault” investigations after significant cyber attacks. The board will then share insights to promote improvements in cyber security practices more generally. These insights will be anonymised to ensure the identities of victims of cyber attacks aren’t publicly revealed.

    The legislation will also introduce new minimum cyber security standards for all smart devices, such as watches, televisions, speakers and doorbells.

    These standards will establish a baseline level of security for consumers. They will include secure default settings, unique device passwords, regular security updates and encryption of sensitive data.

    This is a welcome step that will ensure everyday devices meet minimum security criteria before they can be sold in Australia.

    A long-overdue step

    Cyber security incidents have surged by 23% in the past financial year, to more than 94,000 reported cases. This is equivalent to one attack every six minutes.

    This dramatic increase underscores the growing sophistication and frequency of cyber attacks targeting Australian businesses and individuals. It also highlights the urgent need for a comprehensive national response.

    High-profile cyber attacks have further emphasised the need to strengthen Australia’s cyber security framework. The 2022 Optus data breach is perhaps the most prominent example. The breach compromised the personal information of more than 11 million Australians, alarming both the government and the public, not to mention Optus.

    Cyber Security Minister Tony Burke says the Cyber Security Act is a “long-overdue step” that reflects the government’s concern about these threats.

    Prime Minister Anthony Albanese has also acknowledged recent high-profile attacks as a “wake-up call” for businesses, emphasising the need for a unified approach to cyber security.

    The Australian government wants to establish Australia as a world leader in cyber security by 2030. This goal reflects the government’s acknowledgement that cyber security is fundamental to national security, economic prosperity and social well being.

    Broader implications

    The proposed laws will enhance national security. But they could also present challenges.

    For example, even though the laws place limitations on how the National Cyber Security Coordinator and Australian Signals Directorate can use information, some businesses might still be unwilling to share confidential data because they are worried about damage to their reputation.

    Businesses, especially smaller ones, will also face a substantial compliance burden as they adapt to new reporting requirements. They will also potentially need to invest more heavily in cyber security measures. This could lead to increased costs, which might ultimately be passed on to consumers.

    The proposed legislation will require careful implementation to balance the needs of national security, business operations and individual privacy rights.

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

    – ref. The Australian government has introduced new cyber security laws. Here’s what you need to know – https://theconversation.com/the-australian-government-has-introduced-new-cyber-security-laws-heres-what-you-need-to-know-240889

    MIL OSI Analysis – EveningReport.nz –

    January 23, 2025
  • MIL-OSI United Nations: Secretary-General’s message on World Post Day [scroll down for French version]

    Source: United Nations secretary general

    Download the video: https://s3.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+WORLD+POST+DAY+25+JUL+24/MSG+SG+WORLD+POST+DAY+25+JUL+24+clean.mp4

    On this World Post Day, we mark a historic milestone – the 150th anniversary of the Universal Postal Union.

    In times of war and peace, crises and upheaval, the international postal network has delivered — connecting communities and upholding the fundamental right to communicate.

    The UPU is also one of the earliest examples of multilateralism in action.

    Global cooperation helped guarantee a single postal territory worldwide – one that leaves no one behind by delivering messages, goods, and financial services to some of the most remote places on earth.

    Looking ahead, the UPU continues to leverage new technologies to provide essential services to humanity.  

    On this important day, let’s honour and celebrate the work of the Universal Postal Union to bridge distances and unite the world.  

    *****
    En cette Journée mondiale de la poste, nous célébrons une date historique : le 150e anniversaire de l’Union postale universelle (UPU).

    En temps de paix comme en temps de guerre, de crises et de troubles, le réseau postal international remplit invariablement sa mission : il rapproche les gens à travers le monde et défend le droit fondamental de communiquer.

    L’UPU est l’une des premières illustrations du multilatéralisme en action.

    En travaillant main dans la main, les pays sont parvenus à faire du monde un territoire postal unique, concrétisant ainsi la promesse de ne laisser personne de côté en rendant possible la livraison de courriers et de colis, de même que la prestation de services financiers, jusque dans les lieux les plus reculés de la planète.

    Organisation tournée vers l’avenir, l’UPU continue de tirer parti des nouvelles technologies pour fournir des services essentiels à l’humanité.

    En ce jour important, rendons hommage au travail mené par l’UPU pour réduire les distances et unir les personnes à travers le monde.
     

    MIL OSI United Nations News –

    January 23, 2025
  • MIL-OSI: 2025 Financial Calendar of AS Coop Pank

    Source: GlobeNewswire (MIL-OSI)

    AS Coop Pank has decided the company’s Financial Calendar for the 2025 financial year.

    In 2025 Coop Pank plans to disclose information and organize the general meeting of shareholders according to the following schedule:

    13.02.2025      Q4 2024 and unaudited full year results
    14.02.2025      January results
    12.03.2025      February results
    19.03.2025      Audited Annual Report for 2024
    16.04.2025      General meeting of shareholders
    23.04.2025      Q1 interim results
    13.05.2025      April results
    11.06.2025      May results
    18.07.2025      Q2 interim results
    12.08.2025      July results
    10.09.2025      August results
    22.10.2025      Q3 interim results
    12.11.2025      October results
    10.12.2025      November results

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 200,000. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 5160 231
    E-mail: paavo.truu@cooppank.ee

    The MIL Network –

    January 23, 2025
  • MIL-OSI Submissions: Australia – Child rights organisation ChildFund, launch global online safety app

    Source: ChildFund

    Child rights organisation ChildFund have joined forces with The Girls and Boys Brigade to launch ChildFund’s global online safety app – Swipe Safe. ChildFund acknowledge the rapidly changing digital landscape and build an app that puts the power back in the hands of children and their parents.

    (Sydney, Australia).  In the countries in which ChildFund Australia works, the digital transformation of children’s lives has presented acute risks such as scams, cyberbullying, online grooming, and sexual, sexist, racist, or violent content. ChildFund has responded with the creation of the Swipe Safe program and app. The app serves to immediately strengthen children’s knowledge, skills and behaviours keeping them safe online.

    Swipe Safe has been beta tested in five separate phases, directly involving face-to-face training and app testing with tens of thousands of children in Timor-Leste, Papua New Guinea, Vietnam, Cambodia, Fiji and the Solomon Islands. The organisation has now teamed up with the Boys and Girls Brigade to launch the app in Australia.

    They have also been testing the app with families at the Girls and Boys Brigade who have provided local insights into the app. Stephanie Fett the Family Support Coordinator at the Boys and Girls Brigade spoke about how technology is transforming the lives of families the centre supports.

    “We’re seeing young people using phones from about eight years on and they haven’t developed that rational thinking until they reach 24 or even 25 [years of age]. So they are really unaware of the risks online, the natural reaction of parents is to take the phone away. This however struggles to build trust and openness with the parent making it exceedingly more difficult for them to protect their children online.”

    Stephanie elaborated that the app helped build greater trust between parents, carers and children, which is key to helping keep children safer online.

    “Parents need to work to build an open online relationship with children so they are comfortable with talking about their experiences online. The Swipe Safe app is a great tool to help facilitate this communication” [Click here for more on Swipe Safe].”

    ChildFund Chief Development Officer Corinne Habel was thrilled to launch the app in Australia and bring the insights that they have learned in overseas to home soil.

    “The Swipe Safe app is a unique online safety app that has been developed by global child protection specialists. Reports indicate that the volume of child sexual abuse material has increased by 87% in the last 5 years.

    SwipeSafe helps parents, caregivers, children and young people navigate an increasingly risky online space.  The online world is an exciting place for children to learn, play and connect, and we need to give them the tools to stay safe and understand and feel comfortable reporting harmful situations.

     

    ChildFund Australia

    ChildFund Australia is an independent international development organisation that works to reduce poverty for children in many of the world’s most disadvantaged communities.

    We partner to create community and systems change which enables vulnerable children and young people, in all their diversity, to assert and realise their rights.

    ChildFund Australia is a member of the ChildFund Alliance – one of the world’s oldest and most experienced child-focused development agencies. With a global network of 11 organisations, the ChildFund Alliance assists nearly 32million children and families in 70 countries.

    As a member of the Australian Council for International Development, and a signatory to the ACFID Code of Conduct and the ACFID Fundraising Charter, ChildFund Australia must meet high standards of corporate governance, public accountability and financial management.

    In addition, ChildFund Australia is fully accredited by the Department of Foreign Affairs and Trade which manages the Australian Government’s overseas aid program. Accreditation is a stringent process in which all operational activities – financial, managerial, fundraising and program – are analysed. This not only requires that ChildFund demonstrate that funds are distributed to community projects, but that they are spent effectively in those communities for the benefit of children.

    About Corinne Habel

    Corinne is a highly experienced director and executive with diverse expertise across a variety of not-for-profit sectors including humanitarian, hospitals, education, environmental, the arts and faith-based. Originally from the US, Corinne brings over 20 years’ experience in implementing effective global strategies.  Her diplomatic approach is key in her ability to negotiate and influence effectively at all levels of corporate, foundation, government and the community.

    The Girls and Boys Brigade

    Since 1882, The Girls and Boys Brigade have provided a welcoming, safe place for children and youth, aged 5-18, who need a helping hand. Based in Surry Hills, our programs are open to children, youth and their families living within the City of Sydney local government area. The families who access our services experience a wide range of financial, social, educational and housing challenges.

    About Stephanie Fett

    Stephanie has 38 years of frontline experience in the community sector as well as a Masters in International Social Work and Community Development.

    Stephanie’s experience has taken her to NSW regional areas, remote Aboriginal communities, Victoria Queensland, as well as urban Sydney – city and west. She has worked in disability, addiction, mental health homelessness, youth, children and family, Out of Home Care, Juvenile Justice, unemployment, assessment and projects to increase access to services and decolonise systems.

    She believes the key to her work is relationship building which builds trust, working alongside people in a trauma informed way.

    MIL OSI – Submitted News –

    January 23, 2025
  • MIL-OSI New Zealand: Business – OCR Drop Welcomed by Canterbury Businesses

    Source: Business Canterbury

    Canterbury businesses will welcome today’s further drop in the OCR following the Reserve Bank’s announcement to cut the OCR by 50 basis points to 4.75%. 
    Business Canterbury Chief Executive Leeann Watson says, “today’s further drop will provide a further boost to business confidence at a time when businesses continue to face increased financial pressure. We hope today’s announcement will continue to increase consumer confidence and demand, which have been at an all-time low.”
    “Since February 2023, when inflation and interest rates outpaced labour market constraints, cost pressures have consistently taken the number one spot in business concerns, according to Business Canterbury’s quarterly survey of over 450 businesses in Canterbury.”
    “Following the previous OCR announcement in August, we saw quite a significant improvement in expectations for both the Canterbury economy and individual business performance, a big turnaround from what we saw in the results from May.”
    “This optimism indicates that recent drops in inflation and interest rates are positively influencing the business operating environment, even as many companies continue to navigate the challenges of what has felt like an elastic band economy over the past few years.”
    “We hope to see further improvement in consumer confidence which saw a lift in September, although still net pessimistic, with spending remaining subdued in many areas. Over the three months to August, retail spending in Canterbury declined by just over 1% from the same time last year, a reduction of about $26 million, which businesses continue to be concerned about. We hope today’s further reduction will see further improvements in consumer confidence to help boost sales for businesses, off the back of an extremely challenging period.”
    “Today’s announcement is another positive step in encouraging an environment that supports economic activity, enabling businesses to concentrate on productivity, innovation, and growth.”
    “Canterbury businesses have shown incredible resilience over the past four to five years, and I’m confident that they will continue to thrive as we move toward a more optimistic economic future.” 
    About Business Canterbury
    Business Canterbury, formerly Canterbury Employers’ Chamber of Commerce, is the largest business support agency in the South Island and advocates on behalf of its members for an environment more favourable to innovation, productivity and sustainable growth.

    MIL OSI New Zealand News –

    January 23, 2025
  • MIL-OSI Russia: In the center of science: 12 thematic festivals have been prepared for the capital’s schoolchildren

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    This autumn, city science festivals for students in grades 7–11 will be held at Moscow schools as part of the “In the Center of Science” project. Schoolchildren will communicate with young scientists and employees of leading Russian universities and companies, and will also try to conduct research under the guidance of experienced mentors. This was reported by Anastasia Rakova, Deputy Mayor of Moscow for Social Development.

    “Moscow education opens up endless horizons of opportunities for Moscow schoolchildren, allowing them to find themselves and discover their talents at a young age. This academic year, schools will host 12 scientific festivals, which will become a powerful catalyst for passion for science and research. The prepared programs cover four key areas: engineering, natural science, social science and humanitarian science, and information technology,” noted Anastasia Rakova.

    According to her, during the festivals, schoolchildren will take part in popular science lectures, master classes and discussions. This will create a unique atmosphere for exchanging knowledge and ideas. Games and competitions will add dynamism and interest, attracting more than four thousand participants.

    Moscow education is not only an educational process, but also an inspiration for future scientists, researchers and innovators. Such events allow students to confidently step into the world of science and new achievements, added Anastasia Rakova.

    Schoolchildren interested in engineering will take part in lectures on radiation, the connection between music and mathematics, preparing astronauts for flight, and will be able to try their hand at conducting physical experiments, creating complex electrical circuits, and working with large volumes of data. Those who chose the natural sciences will attend lectures on chemistry, biology, and ecology, and will also take part in master classes on the basics of perfumery.

    Participants in the social and humanitarian track will immerse themselves in linguistics, journalism, literature, economics and attend classes on methods of sociological research, features of translating foreign films. Schoolchildren will discuss the phenomenon of quality journalism with their mentors, and participation in workshops will help them acquire skills in writing original texts.

    Young programmers will attend lectures on big data in a metropolis, reliable encryption of information and metrics for assessing the quality of model performance. For schoolchildren interested in digital technologies, there will be a career guidance class and lectures from experts. The knowledge gained can be applied in master classes on creating a computer game and a voice assistant, practical training in robotics and financial security.

    The festivals will last until December. To participate, you need to choose a convenient venue and date, and also register on the website of the project “In the Center of Science”. Besides, on the page on the social network VKontakte An online broadcast of the main lectures will be available.

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

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

    https://vvv.mos.ru/nevs/item/144992073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Russia: Six Ivolga trains purchased for MCD-3 as part of infrastructure budget lending

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    This year, the city purchased six Russian Ivolga trains for the Moscow Central Diameters (MCD), including the most modern three-door Ivolga 4.0 trains. Infrastructure budget loans were used for these purposes, Maria Bagreeva, Deputy Mayor of Moscow, Head of the Moscow Department of Economic Policy and Development.

    The infrastructure budget lending program is being implemented within the framework of the federal project “Infrastructure Menu”. Funds are provided for a period of up to 15 years at a preferential rate of three percent per annum. The program is aimed at financing the creation of infrastructure facilities in the regions.

    “Loans are issued for important infrastructure development projects that help create conditions for business operations, improve the quality of life for citizens, and promote economic growth both in the regions and throughout the country. Moscow is using the opportunities of preferential infrastructure lending to upgrade the rolling stock of the Big Circle Line of the metro and the Moscow Central Diameters — the largest transport projects in the capital. Their implementation has increased the attractiveness of the city’s districts, contributed to the influx of investment into the Moscow economy, and created additional jobs,” said Maria Bagreeva.

    The total volume of infrastructure loans approved for Moscow is 106.72 billion rubles. The 2022–2024 limits have already been fully used. These funds were used to purchase 26 trains for the Moscow Central Diameters and 468 carriages for the Big Circle Line of the metro.

    “A modern and comfortable train is an important component of a comfortable trip. On the instructions of Sergei Sobyanin, we continue to gradually update the rolling stock on new diameters. From Zelenograd to Ramenskoye on MCD-3, only Ivolga trains are already running, we will fully complete the renewal of the train fleet on this diameter by the end of the year, and on MCD-4 we plan to do so in 2025,” said Deputy Mayor of Moscow for Transport and Industry

    Maxim Liksutov.

    Moscow is the country’s largest customer of trains. Concluding long-term contracts for the supply of modern rolling stock allows machine builders to plan work for several years ahead.

    About 50 thousand employees of 600 enterprises across the country are involved in the production of Ivolga 4.0. This composition is a domestic flagship, the localization level of which has reached 97 percent.

    The new generation train “Ivolga 4.0” has entered service on the MCD line – Sobyanin

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

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

    https://vvv.mos.ru/nevs/item/144991073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Australia: Paid Family and Domestic Violence leave helping workers cope in crisis

    Source: Australian Ministers for Social Services

    9 October 2024

    Joint with:

    Senator the Hon Katy Gallagher
    Minister for Women
    Senator for the Australian Capital Territory
     

    The Hon Amanda Rishworth MP
    Minister for Social Services
    Member for Kingston
     

    Senator the Hon Murray Watt
    Minister for Employment and Workplace Relations
    Senator for Queensland  

    An independent statutory review of the Albanese Government’s paid family and domestic violence leave has found the program is succeeding in supporting the financial security of those escaping or experiencing violence.

    The Government has today tabled the review of the Fair Work Amendment (Paid Family and Domestic Violence Leave) Act 2022 in the Parliament. This was the first of several pieces of legislation passed by the Albanese Government to increase the wages and conditions of working Australians.

    Paid Family and Domestic Violence Leave entitles all employees experiencing family and domestic violence to 10 days of paid leave each year. This includes full-time, part-time and casual employees.

    The review found that of the workers who had taken paid family and domestic violence leave, 91 per cent surveyed said it helped them maintain their income, and 89 per cent said it helped them to retain their employment.

    The reform particularly supports women, who are overrepresented as victim-survivors of domestic and family violence.

    The 2021-22 Personal Safety Survey conducted by the Australian Bureau of Statistics found that 1 in 4 women in Australia have experienced violence by an intimate partner, compared to 1 in 14 men.

    The review, conducted by Flinders University, found the legislation was “life changing” for those who accessed it and that there was broad stakeholder support from both employers and unions.

    A total of 12 findings and five recommendations resulted from the review. The most notable, was there should be a focus on increasing awareness and understanding of the leave entitlement through communities and workplaces.

    Flinders University found that further work is needed to ensure all employers and employees are aware of the entitlement to family and domestic violence leave.

    It also found that ongoing stigma around family and domestic violence was a barrier to workers accessing the leave.

    The Albanese Government will now carefully consider the review’s final report and recommendations, as part of our ongoing work to deliver secure jobs, better pay and safer workplaces for all Australians.

    The full report can be viewed here.

    Quotes attributable to Minister for Women, Katy Gallagher:

    “Australian women experience unfathomably high rates of domestic, family and sexual violence, and this is something the Albanese Government is determined to change.”

    “We legislated 10 days of paid family and domestic violence leave because no one should have to choose between their job and their safety.

    “We want to ensure that women are not trapped in a violent relationship because they can’t afford to leave.”

    Quotes attributable to Minister for Social Services, Amanda Rishworth:

    “No one should ever be put in a situation where they must choose their financial security or their safety.”

    “We know the experiences of those who are escaping or experiencing family and domestic violence can be absolutely crippling. Legislating paid leave for those in the midst of violence, undoubtedly has saved lives.

    “Along with states and territories, our Government is committed to ending violence against women and children within a generation. It’s something I as Minister have worked on every day since coming to Government.”

    Quotes attributable to Minister for Employment and Workplace Relations, Murray Watt:

    “The review has shown that the legislation is acting as intended – ensuring workers do not have to choose between their safety and their pay cheque.”

    “Financial independence is critical in helping women to leave or respond to violence, and this entitlement saves lives, plain and simple.

    “This leave entitlement is one of a number of measures taken by the Albanese Government to ensure Australians have secure jobs, better pay and safer workplaces.”

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Asia-Pac: FSTB and Bloomberg establish strategic collaboration to enhance Hong Kong’s family office ecosystem

    Source: Hong Kong Government special administrative region

    FSTB and Bloomberg establish strategic collaboration to enhance Hong Kong’s family office ecosystem
    FSTB and Bloomberg establish strategic collaboration to enhance Hong Kong’s family office ecosystem
    ******************************************************************************************

         The Financial Services and the Treasury Bureau (FSTB) announced today (October 9) the establishment of Hong Kong Family Office Nexus, a strategic collaboration between the FSTB and Bloomberg L.P. (Bloomberg) with the goal of attracting family offices from around the world to establish or expand their presence in Hong Kong and reinforcing the city’s status as a leading global asset and wealth management hub.      The strategic collaboration was forged following a pivotal meeting in New York this April between the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Founder of Bloomberg L.P. and Bloomberg Philanthropies, Mr Michael Bloomberg. Their discussions centred on Hong Kong’s policy initiatives to transform the city into a global hub for family offices and philanthropic activities, and how the two parties shall collaborate to further the efforts.      The partnership with Bloomberg will focus on four key pillars, namely community building, knowledge sharing, technology support and philanthropic collaboration. The FSTB, together with Invest Hong Kong (InvestHK) and the Hong Kong Academy for Wealth Legacy (HKAWL), will collaborate with Bloomberg on various initiatives to bolster Hong Kong’s family office ecosystem.      Mr Hui said, “Michael and I share a common vision to develop Hong Kong into a global centre for family offices and philanthropists. His insights, together with Bloomberg’s extensive international reach and its expertise in financial data and technology, will be invaluable to further enhance Hong Kong’s appeal to family offices worldwide. It is our great pleasure to partner with Bloomberg to reinforce Hong Kong’s enduring strength as an international financial hub and showcase our commitment to fostering further development and innovation in wealth management and charitable giving. We look forward to working closely with Bloomberg to create an environment where family offices and philanthropic initiatives will thrive.”      The Head of Asia Pacific, Bloomberg, Mr Bing Li, said, “Hong Kong is one of the world’s most compelling family office destinations, with a distinct combination of expertise, regulatory settings and deep financial markets. The Hong Kong Government has a clear goal to grow Hong Kong as a world-class family office hub, and Hong Kong Family Office Nexus seeks to equip that group with the tools and support they need to succeed here. Bloomberg is proud to contribute to the long-term development of Hong Kong’s family office community.”      Titled “Hong Kong Family Office Nexus”, the partnership will encompass the following four key pillars and components: 1. Community Building: The involved parties will co-organise seminars for family office industry professionals covering topics of interest, including impact investing and alternative asset allocation. Bloomberg will also establish a dedicated digital content hub, the Hong Kong Family Office Nexus Knowledge Hub, to host information related to Hong Kong’s family office sector for ongoing community building. It will be available to the Hong Kong family office community in the coming months; 2. Knowledge Sharing: Bloomberg will curate a family office guidebook, providing guidance on setting up family offices in Hong Kong and introducing relevant policy initiatives, such as tax concessions offered and the New Capital Investment Entrant Scheme; 3. Technology Support: Bloomberg will support InvestHK’s family office clients by offering access to Bloomberg’s suite of family office solutions, including Bloomberg Terminal trials, a range of financial and alternative data, and opportunities to learn from Bloomberg’s global network of experts. Bloomberg will also join InvestHK’s Network of Family Office Service Providers, contributing insights and expertise on the latest trends of technology solutions for the family office sector; and 4. Philanthropic Collaboration: The HKAWL will collaborate with Bloomberg Corporate Philanthropy on opportunities for family offices and high-net wealth individuals to engage in Hong Kong’s philanthropic community.      In addition, Bloomberg will introduce a new summit in Hong Kong focused on wealth management in March 2025. This event will complement and amplify the impact of the FSTB’s annual flagship event, the Wealth for Good in Hong Kong Summit (WGHK).  Strategically scheduled to coincide with WGHK 2025, this collaborative effort aims to create synergy, sustaining and building upon the growing momentum in Hong Kong’s family office sector. The dual summits will offer an unparalleled platform for family office principals and professionals to exchange insights, explore opportunities, and shape the future of wealth management in the region. Other initiatives of Hong Kong Family Office Nexus will commence in phases in late 2024.      The Director-General of Investment Promotion, Ms Alpha Lau, said, “We believe that the additional content on Bloomberg’s extensive platforms regarding Hong Kong’s family office sector will complement InvestHK’s efforts in showcasing Hong Kong’s vibrant family office ecosystem to our global audience. We look forward to collaborating with Bloomberg during the extended week at next March’s Wealth for Good in Hong Kong Summit to amplify industry impact and highlight the city’s status as a leading family office hub.”      The Executive Director of the Financial Services Development Council, Dr King Au, said, “We are taking a significant step in enhancing our city’s family office ecosystem. This collaboration underscores our commitment to solidifying Hong Kong as a premier destination for family offices globally, fostering innovation, knowledge sharing, and philanthropy. We aim to create a vibrant community that attracts and supports family offices, driving sustainable growth and bolstering Hong Kong’s status as a leading international financial hub.” 

     
    Ends/Wednesday, October 9, 2024Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI United Kingdom: UK’s world-class film sector handed major jobs and growth boost by tax reliefs

    Source: United Kingdom – Executive Government & Departments

    Film and the creative industries to form key part of government’s mission to grow the economy in all parts of the UK

    • Independent film productions costing up to £15 million to benefit from an increased tax relief of 53%
    • Move will empower UK filmmakers to create more independent films and co-produce with other countries

    The next generation of indie films have been handed a major boost by the government with the introduction of a tax relief uplift, which will create jobs and drive growth by making more British hits like Aftersun and Billy Elliot possible.

    The Independent Film Tax Credit (IFTC), confirmed today by the Chancellor and Culture Secretary as the London Film Festival gets underway, will mean that for the first time productions with a budget up to £15 million will be eligible for a relief of 53% on qualifying expenditure. Films with a budget up to £23.5 million are also eligible for the IFTC and the relief will be tapered.

    The creative industries are a key part of the economy, generating £125 billion a year, and form a central part of the Government’s mission to grow the economy. The UK film sector is already worth £1.36 billion and employs more than 195,000 people, with the potential to grow further thanks to these reliefs.

    British indie films like Rye Lane, Rocks, Bait and Pride tell award-winning stories about our country, celebrating parts of our culture that often get less exposure. This relief will allow more stories like these to be told, enabling more people to see their lives and experiences reflected on screen.

    To support the Government’s commitment on more distinctly home-grown content and talent, for films to meet the criteria for this new relief, they must have a UK writer or director, or be certified as an official UK co-production.

    The announcement comes ahead of the government’s International Investment Summit next Monday which will gather UK leaders, high-profile investors and businesses from across the world to discuss how we can deepen our partnership to drive investment and growth, including in the creative industries.

    The new measures are the latest in a series of interventions from the government to drive growth, which is creating the conditions for confident investment and trusted partnership with business. From major investment in carbon capture to securing billions in investment from Blackstone and Amazon Web Services, this government is committed to working hand in hand with business to drive growth and investment across many sectors.

    Culture Secretary Lisa Nandy said:

    The UK’s first-class independent filmmakers have a track record of creating cult classics and surprise hits that are enjoyed by millions. Their films showcase British culture and creativity to the world while also supporting thousands of jobs and driving economic growth in all parts of the UK.

    These reliefs will pay dividends both culturally and economically, inspire the next generation of talent across the country, deliver more great British content, and sustain a world-leading industry here in the UK.

    Chancellor of the Exchequer, Rachel Reeves, said:

    The creative industries are a crucial part of our economy, and this change will help strengthen them further.

    By supporting growth in this vibrant sector, we can create jobs and continue to show Britain at its best around the world.

    Faye Ward, producer, Rocks, Suffragette, Stan & Ollie, Wild Rose, said:

    We have a tremendous history of filmmaking and talent in Britain. The indie sector is the main pathway for new and original voices and talent to enter into the industry. It’s imperative that we continue telling and making UK stories for which this enhanced tax relief is vital for our industry.

    Amy Jackson, producer of Oscar-nominated Aftersun, The Outfit and The End We Start From, said:

    This is a vital intervention for the UK industry, which I wholeheartedly welcome. Making British indie films is tough, but this enhanced tax relief means that as a producer I now have crucial support to explicitly focus on bringing incredible stories by British talent to the big screen while building out exciting co-production opportunities. The IFTC will make UK indie film a more attractive investment prospect for international partners and co-producers facilitating more creative collaboration and bringing much needed backing to the independent sector across the board.

    BFI Chair Jay Hunt said:

    The speed with which the Government has turned this around shows how vital this intervention is for independent film. It will have a game changing impact across the whole UK screen sector – creatively and economically.

    Ben Roberts, BFI Chief Executive, said: 

    This is great news for UK film and is already having a positive impact across our industry. More films can now be made in the UK that audiences at home and internationally will get to enjoy. Independent filmmaking is vital to our cultural expression and creativity, it builds careers for talent in front of and behind the camera, and also showcases UK creative excellence on a world stage. We’re grateful to Government, the DCMS and the industry for working together to establish this transformative tax relief uplift where it is most needed.

    Andrew M Smith, Corporate Affairs Director, Pinewood Group, said:

    Pinewood is synonymous with great filmmakers of the past and present and independent film has been at our heart since the Studios opened in 1936. This tax relief is fantastic news for the industry as a whole and will bring an injection of support to further nurture the groundbreaking talent of the future and bring a greater diversity and range of stories to our screens.

    Elizabeth Karlsen, producer, Living, Carol, Colette and The Crying Game, said:

    Based on three decades working in independent film in the UK I can say with absolute confidence that this new support for British independent film will be felt far and wide; it will help us nurture new talent, support established talent, and ensure our global reputation for producing outstanding cinema. The creative and economic benefits will be felt through the industry and beyond.” 

    Hakan Kousetta, executive producer, Slow Horses, Hijack and The Essex Serpent, said:  

    Delighted to welcome this vital support for the British independent sector. A thriving independent film sector is a key part of the industry’s ecology. It’s where myself and many others started our careers and is essential if we are to continue to produce some of the world’s best screen talent both behind and in front of the camera.”  

    While the last few years have been challenging, in part because of the end of the pandemic streaming boom and US writers’ strikes halting productions, in recent decades the UK’s film industry has enjoyed strong growth. Tax incentives for film, first introduced in 2007, helped to bring the production of blockbusters to Britain, but the government is ambitious that it can grow further.

    While major film production has flourished, smaller independent films have not received sufficient support. The tax credits uplift announced today will help the independent film sector reach its full potential, creating jobs and contributing to driving economic growth across the country.

    ENDS 

    Notes to editors:

    Productions qualifying for the relief must have started principal photography on or after 1 April 2024, and only expenditure incurred on or after 1 April 2024 can be claimed.

    The statutory instruments will be laid on 9 October and will take effect from 30 October, which is the date from which the BFI certification unit can begin accepting applications.

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    Published 9 October 2024

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI Banking: Regulatory barriers threaten transition towards circular economy, ICC report warns

    Source: International Chamber of Commerce

    Headline: Regulatory barriers threaten transition towards circular economy, ICC report warns

    Published in partnership with EY, the report – “Putting the circular economy into motion: From barriers to opportunities” – highlights the significant obstacles companies encounter when transitioning to circular business models that could otherwise deliver significant environmental, reputational and financial gains.

    The circular economy is intended to maximise resource efficiency and minimise environmental impact by promoting continuous use, reuse and recycling of materials and products. But the study concludes that existing regulatory systems are not fit for purpose in enabling such approaches at scale – largely as a result of significant inconsistencies in national environmental laws and regulations that remain based on linear models of production and consumption.  

    Regulatory barriers highlighted by the report include:

    • Complex and fragmented import and export processes for secondary materials which create significant compliance and operational costs.
    • Lack of a common international standard for “remanufactured” products.
    • Customs systems that do not accommodate reverse logistics.
    • No recognition of circular approaches under the 1989 Basel Convention on hazardous waste.  

    ICC Secretary General John W.H. Denton AO said: “It’s certainly true that the shift to circular business models has been slower than many governments anticipated a decade ago. But that’s not surprising when you see that legacy regulations tilt the playing field against circularity – in effect, entrenching the dominance of the old model of extract, produce, consume and discard.

    “We hope that our report can serve as a roadmap for clear and coordinated regulatory change – both at the domestic and international level – to put the circular economy firmly into motion. Reforming the Basel Convention to take into account the evolution of circular solutions and advances in technology is, in our view, an essential starting point for this effort.”

    Based on an extensive series of interviews with businesses across a range of industries, the study also highlights a range of challenges companies face when looking to deploy circular approaches – from infrastructure gaps through to high upfront investment needs. It also pinpoints the need for a concerted effort to shift consumer perceptions and behaviour – including prevailing misconceptions about the quality of remanufactured, refurbished or recycled goods and materials.

    Mark Weick, Managing Director, Climate Change and Sustainability Services at EY said: “Circular economy is a systematic approach that requires collaboration from all stakeholders across the value chain within an enabling regulatory framework. Concerted cooperation will be pivotal to drive meaningful impact to reduce climate change effects.”

    The report concludes with a number of broad recommendations to incentivize the uptake of circular business models – starting with the facilitation of cross-border trade in secondary materials.

    Pär Larshans, Director of Sustainability, Ragn-Sells Group, and Co-Chair of ICC’s Working Group on Circular Economy added: “The transition to a circular economy is much needed if we want to reach the ambitions set in the Paris Agreement, and to ensure that humanity reduces the risk of overshooting any of the planetary boundaries. With this report, ICC focuses on the need for circular transitions to move away from a minimised waste focus to a resource efficiency focus where a decontamination step is included to enable free trade of recycled materials.”

    Learn more on the circular economy and download the full report.

    MIL OSI Global Banks –

    January 23, 2025
  • MIL-OSI Europe: Seagoing vessels flying the Swiss flag: Federal Council relaxes regulations

    Source: Switzerland – Federal Council in English

    The Federal Council

    Bern, 09.10.2024 – The hurdles for registering a ship under the Swiss flag are high. To enable more ships to sail under the Swiss flag, the Federal Council relaxed the registration requirements at its meeting on 27 September 2024. The corresponding ordinances have been amended, as part of the planned revision of maritime shipping legislation.

    Due to the restrictive nature of the existing registration requirements, the possibility of registering ships under the Swiss flag is currently limited. The Swiss merchant fleet has shrunk by around 75% in the last few years alone.

    Equal treatment compared to other companies

    In order to facilitate the flagging of ships and yachts, the requirements for registration will be relaxed and adapted to the provisions of the Swiss Code of Obligations usually applicable to companies. Specifically, this concerns the existing requirements relating to the nationality of the owners, the beneficial owners and the administration and management. In addition, the provisions of the ordinance will be amended to the effect that shipping companies, like other companies, can be majority debt-financed without corresponding conditions.

    Adaptation to international practice for yachts

    Switzerland is taking account of the changes in international flagging practice and the trend towards larger ships and yachts.

    Legal entities can now also register non-commercial vessels under their own name in the Swiss Yacht Register. Previously, this was reserved exclusively for individuals and associations.

    The Yachts Ordinance will also be amended so that a certificate of flag registration will in future be valid for five years instead of the current three. Such a certificate is required for a yacht to fly the Swiss flag.

    In addition to the amendments to the ordinances governing maritime navigation and yachts, the ordinance on maritime fees will be amended to simplify the levying of charges by means of a flat-rate system. The changes will enter into force on 1 January 2025 and come as part of the planned revision of maritime shipping legislation provided for in the Federal Council’s maritime strategy. The next step will be to amend the Federal Act on Navigation under the Swiss Flag, as well as other, less urgent, amendments of ordinances.


    Address for enquiries

    For further information:
    FDFA Communication
    Tel. Press service +41 460 55 55
    kommunikation@eda.admin.ch


    Publisher

    The Federal Council
    https://www.admin.ch/gov/en/start.html

    MIL OSI Europe News –

    January 23, 2025
  • MIL-OSI United Kingdom: Staff and employers encouraged to prioritise mental health in workplace

    Source: City of Wolverhampton

    World Mental Health Day takes place every year on 10 October. This year, the theme is ‘prioritising mental health in the workplace’.

    Awareness of mental health issues in the workplace is growing. Studies suggest that, at any one time, one in six people experience the symptoms of a mental health issue.

    Factors like work, relationships, housing and financial situations and physical health can make it more likely that we will develop mental health issues – but they can happen to anybody.

    John Denley, Wolverhampton’s Director of Public Health, said: “Experiencing poor mental health from time to time is common and everyone manages theirs differently.

    “Employers can play a key role in promoting the mental health and wellbeing of their workforce, and this World Mental Health Day we are calling on employers in Wolverhampton to do all they can to support mentally healthy workplaces.”

    The Mental Health Foundation has produced a guide for employers and employees to help support mental health at work. 

    Mind has produced a guide for small businesses to support mental health at work. 

    Access to Work’s Mental Health Support Service can help people get or stay in work if they have a mental health condition or disability. To check eligibility, visit Access to Work.

    John added: “We can all take steps to improve our own mental health and build our resilience – our ability to cope with adversity. Selfcare is a skill that needs to be practiced; it isn’t easy, especially if we feel anxious, depressed or low in self-esteem, but it can make a huge difference.”

    The NHS highlights five steps people can take to improve their mental health and wellbeing: Connect with other people; Be physically active; Learn new skills; Give to others; Pay attention to the present moment (mindfulness). For more information, visit Self-help.

    Meanwhile, Wolverhampton’s libraries have a wide range of self-help and health and wellbeing books, eBooks and audiobooks – find out more at Libraries.

    Other resources include:

    • For urgent help with your mental health or you are struggling to cope, call NHS 111 and select option 2 (mental health option) to be connected to your local mental health support team, or text 07860 025 281.
    • Your doctor or GP is there to help you with your mental health as well as your physical health.
    • Wolverhampton Sanctuary Hub offers out of hours support – book a face to face appointment for by calling freephone 0808 802 2288, texting 07860 065 168 or emailing wolverhamptonsanctuaryhub@rethink.org. 
    • Wolverhampton NHS Talking Therapies – offers psychological therapy for people experiencing common mental health problems including anxiety, depression, stress and low mood. Anyone currently receiving support from Wolverhampton NHS Talking Therapies can also access the NHS Talking Therapies Employment Service which can support with any concerns or issues finding or staying in work.
    • Visit Hub of Hope to find local support that’s right for you.
    • Recovery College provides an educational learning environment for people who have an interest in, or personal difficulties with, mental health – visit The Recovery College, email info@therecoverycollege.co.uk or call on 0121 543 4061.
    • The Headspace app offers guided meditation and mindfulness – find out more at headspace. 
    • And Every Mind Matters has a wide range of help and resources – visit Every Mind Matters for more details.

    If you need someone to talk to, contact:

    • SANE – call 0300 304 7000 (4.30pm to 10.30pm)
      Samaritans – call 116 123 
      Rethink Mental Illness – call 0300 5000 927 (Monday to Friday, 9.30am to 4pm)
      Mind – call 0300 123 3393.

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI Economics: Building Fiber Leadership in Latin America: Bringing Gigabit Life to the Region

    Source: Huawei

    Headline: Building Fiber Leadership in Latin America: Bringing Gigabit Life to the Region

    [Sao Paulo, Brazil, October 9, 2024] The 2024 LATAM Fiber Broadband Leaders Summit hosted by Huawei and supported by the International Telecommunication Union (ITU) was successfully held in Brazil. Themed “Digital Fiber, Advancing Giga LATAM”, the summit brought together more than 260 people from industry organizations, partners, and carriers in Latin America. At the Summit, participants discussed fiber broadband development trends, strategies, and practices. Huawei for the first time proposed three development strategies (all-optical transition, gigabit transition, and scenario transition) for giga fiber broadband industry and launched three digital fiber solutions.
    Joey Zhou, President of Huawei Latin America ICT Marketing and Solution Sales Dept, delivering his opening speech

    Joey Zhou, President of Huawei Latin America ICT Marketing and Solution Sales Dept., said optical fiber has become Latin America’s most important broadband access technology. His statement was based on a recent report from the consultancy Omdia that noted that in 2024, fiber accounted for more than 60% of home broadband in Latin America.
    Mainstream carriers in Latin America have released all-optical strategies and continued to increase investment. As digital services such as home office, live streaming, and e-commerce develop rapidly in Latin America, users pay more attention to network experience requirements, and upgrade bandwidth from 100Mbit/s to 1Gbit/s. Concurrently, application scenarios of optical broadband are no longer limited to traditional home entertainment scenarios, many diversified application scenarios such as smart home and SME digitalization emerge through one fiber, which will help carriers expand the boundaries of home broadband revenue.
    At the event, Joey Zhou further noted: “Latin America’s digital economy is in a golden development period, digital services are accelerating, which has brought broad opportunities for value creation. Huawei is willing to work with governments, regulators, carriers and industry partners to accelerate the development of Latin America’s gigabit optical broadband industry and jointly build a digital Latin America.”
    Gary Lu, President of Huawei Carrier Network Marketing and Solution Sales Department, delivered a speech titled “ACT3 to Embrace the GIGA and AI eras”. A is for ARPU, C is about coverage of service, and T stands for take-up rate.
    Coverage multiplied by take-up rate is the user base, and ARPU is the key to increasing revenue.”ACT” to the power of three, means the three transitions are the way to increase the user base and the revenue of FBB service, and it will also bring the quality of digital life to Latin America. Gary Lu said that fiber construction and development in Latin America has entered the fast lane, and the gigabit fiber broadband era of Latin America has arrived. Carriers need to seize the new business opportunities in the gigabit and AI era. In his speech, Gary Lu proposed three development strategy suggestions — all-optical transition, gigabit transition, and scenario transition— to accelerate cable-to-fiber transition, increase both speed and quality, meet digital and AI service requirements, provide diversified and scenario-based service. By accelerating the three transitions, Huawei and Latin American carriers will jointly usher in a new era of gigabit intelligence in the region, bringing richer and higher-quality digital life experiences to users.
    Gary Lu, President of Huawei Carrier Network Marketing and Solution Sales Dept, speaking at the event

    Daniel Zhang, Vice president of Huawei Latin America ICT Marketing and Solution Sales Department, delivered a speech titled “Digital Fiber Innovations, Advancing Giga LATAM”. Zhang said that Huawei has consistently adhered to the vision of “in Latin America, For Latin America”, matching Latin American market requirements and continuously promoting digital fiber innovations, to accelerate the development of the Latin American ICT industry. To help carriers better seize the development opportunities of gigabit Latin America, Huawei launched three major Digital Fiber solution innovations: Digital Quick ODN 4 cores solutions for cost-effective FTTH construction, Service-level slicing-based FTTH gigabit solution ensures differentiated service experience, and symmetrical 2.5 Gbit/s Super GPON Solution supports symmetrical business scenarios for small and medium-sized enterprises. In the future, Huawei hopes to work with industry partners to build gigabit Latin America and accelerate the development of the digital economy in Latin America.
    Daniel Zhang, Vice President of Huawei Latin America ICT Marketing & Solution Sales Dept, during his address

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Economics: Building Fiber Leadership in Latin America: Bringing Gigabit Life to the Region Oct 09, 2024

    Source: Huawei

    Headline: Building Fiber Leadership in Latin America: Bringing Gigabit Life to the Region
    Oct 09, 2024

    [Sao Paulo, Brazil, October 9, 2024] The 2024 LATAM Fiber Broadband Leaders Summit hosted by Huawei and supported by the International Telecommunication Union (ITU) was successfully held in Brazil. Themed “Digital Fiber, Advancing Giga LATAM”, the summit brought together more than 260 people from industry organizations, partners, and carriers in Latin America. At the Summit, participants discussed fiber broadband development trends, strategies, and practices. Huawei for the first time proposed three development strategies (all-optical transition, gigabit transition, and scenario transition) for giga fiber broadband industry and launched three digital fiber solutions.
    Joey Zhou, President of Huawei Latin America ICT Marketing and Solution Sales Dept, delivering his opening speech

    Joey Zhou, President of Huawei Latin America ICT Marketing and Solution Sales Dept., said optical fiber has become Latin America’s most important broadband access technology. His statement was based on a recent report from the consultancy Omdia that noted that in 2024, fiber accounted for more than 60% of home broadband in Latin America.
    Mainstream carriers in Latin America have released all-optical strategies and continued to increase investment. As digital services such as home office, live streaming, and e-commerce develop rapidly in Latin America, users pay more attention to network experience requirements, and upgrade bandwidth from 100Mbit/s to 1Gbit/s. Concurrently, application scenarios of optical broadband are no longer limited to traditional home entertainment scenarios, many diversified application scenarios such as smart home and SME digitalization emerge through one fiber, which will help carriers expand the boundaries of home broadband revenue.
    At the event, Joey Zhou further noted: “Latin America’s digital economy is in a golden development period, digital services are accelerating, which has brought broad opportunities for value creation. Huawei is willing to work with governments, regulators, carriers and industry partners to accelerate the development of Latin America’s gigabit optical broadband industry and jointly build a digital Latin America.”
    Gary Lu, President of Huawei Carrier Network Marketing and Solution Sales Department, delivered a speech titled “ACT3 to Embrace the GIGA and AI eras”. A is for ARPU, C is about coverage of service, and T stands for take-up rate.
    Coverage multiplied by take-up rate is the user base, and ARPU is the key to increasing revenue.”ACT” to the power of three, means the three transitions are the way to increase the user base and the revenue of FBB service, and it will also bring the quality of digital life to Latin America. Gary Lu said that fiber construction and development in Latin America has entered the fast lane, and the gigabit fiber broadband era of Latin America has arrived. Carriers need to seize the new business opportunities in the gigabit and AI era. In his speech, Gary Lu proposed three development strategy suggestions — all-optical transition, gigabit transition, and scenario transition— to accelerate cable-to-fiber transition, increase both speed and quality, meet digital and AI service requirements, provide diversified and scenario-based service. By accelerating the three transitions, Huawei and Latin American carriers will jointly usher in a new era of gigabit intelligence in the region, bringing richer and higher-quality digital life experiences to users.
    Gary Lu, President of Huawei Carrier Network Marketing and Solution Sales Dept, speaking at the event

    Daniel Zhang, Vice president of Huawei Latin America ICT Marketing and Solution Sales Department, delivered a speech titled “Digital Fiber Innovations, Advancing Giga LATAM”. Zhang said that Huawei has consistently adhered to the vision of “in Latin America, For Latin America”, matching Latin American market requirements and continuously promoting digital fiber innovations, to accelerate the development of the Latin American ICT industry. To help carriers better seize the development opportunities of gigabit Latin America, Huawei launched three major Digital Fiber solution innovations: Digital Quick ODN 4 cores solutions for cost-effective FTTH construction, Service-level slicing-based FTTH gigabit solution ensures differentiated service experience, and symmetrical 2.5 Gbit/s Super GPON Solution supports symmetrical business scenarios for small and medium-sized enterprises. In the future, Huawei hopes to work with industry partners to build gigabit Latin America and accelerate the development of the digital economy in Latin America.
    Daniel Zhang, Vice President of Huawei Latin America ICT Marketing & Solution Sales Dept, during his address

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI China: China to expand white list mechanism to stabilize property sector

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

    BEIJING, Oct. 9 — China will expand its “white list” mechanism to ensure that all eligible property projects have access to financial support.

    Financial institutions are required to timely disburse loans to eligible property projects and meet their reasonable financing needs, according a meeting recently held by the Ministry of Housing and Urban-Rural Development and the National Financial Regulatory Administration.

    The meeting also stressed the need to ensure the delivery of homes, calling on local authorities to “adopt strong and effective measures to stabilize the real estate market and halt the decline in prices.”

    Ensuring the delivery of homes is an important task in promoting the stable and healthy development of the real estate market. It is a concrete action that adheres to the people-centered development philosophy and responds to the concerns of the public. It is also a strong measure to prevent and resolve real estate risks and to promote the market’s stabilization and recovery, said the meeting.

    Under the “white list” mechanism launched in late January, local authorities are recommending real estate projects eligible for financial support to financial institutions.

    The mechanism is part of China’s efforts to stabilize the sector weighed by debt problems and boost confidence in an industry that accounts for nearly 6 percent of the country’s GDP, according to the National Bureau of Statistics.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI Russia: Jobs and Investment: How the Capital Is Implementing a Program to Stimulate the Creation of Places of Employment

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    More than 210 billion rubles in investments will be attracted to develop the capital’s industrial potential as part of the program to stimulate the creation of employment sites (EPS). This was announced by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “Implementation of industrial construction projects within the framework of the program for stimulating the creation of industrial construction facilities, which was approved by Sergei Sobyanin, contributes to the development of the scientific and technical potential of the city and gives businesses the opportunity to find modern sites equipped with all the necessary infrastructure for localizing production. In total, under this program, investors will build over 820 thousand square meters of industrial real estate in different areas of the city, investments in the creation of new places of employment will exceed 210 billion rubles,” said Maxim Liksutov.

    By 2029, in exchange for a benefit from the city, investors will build 16 new industrial infrastructure facilities in the capital. More than 12 thousand jobs will appear there. About half of these facilities will be commissioned next year.

    “In 2025, under the program to stimulate the creation of MPT, we will commission seven industrial facilities. For example, in Zelenograd, the construction of four construction industry plants will be completed. The enterprises will produce aerated concrete blocks, facade structures, building materials and mobile homes. In Pokhodny Proezd in the northwest of the capital, we will commission a plant for the production of architectural concrete. An enterprise for the production of facade systems and translucent structures will appear in TiNAO. And in the west of Moscow, a technological industrial park will open for the localization of food production. In total, the city will receive more than a thousand new jobs,” clarified the Minister of the Moscow Government, Head of the Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    In 2026, it is planned to complete the construction of the second stage of the industrial technopark “Alabushevo” in the special economic zone “Technopolis Moscow”. This complex will include five buildings and an office building. In addition to the production area, each building will have space for laboratories and design offices. The technological industrial park “Senkino” in the Krasnopakhorsky district (TiNAO), as well as an industrial complex as part of the creative industries technopark “Gustav” in Maryina Roshcha (SVAO), an industrial production facility in the Molzhaninovsky district (SAO) and a large-modular housing construction plant in the Vnukovo district (TiNAO) will also be completed. The implementation of these projects will create about 8.5 thousand new jobs.

    In 2027, it is planned to complete the construction of an industrial and production complex in Zelenograd Administrative Okrug, which will be able to accommodate several enterprises of various industries and a plant for the production of building materials. A factory for the production of frame elements and finishing will appear in TiNAO. More than 700 people will be able to find employment at the new enterprises.

    Another industrial complex will be commissioned in 2028. It will localize food and light industry enterprises, where two thousand new jobs will be created.

    The first five industrial facilities under the program to stimulate the creation of industrial enterprises have already been built. The new production facilities can employ about 5.4 thousand Muscovites.

    Since 2020, the program to stimulate the creation of MPT covers almost all districts of the capital. The Moscow government has concluded 130 agreements with investors, which provide for the construction of commercial facilities with an area of more than six million square meters. These are industrial enterprises, logistics complexes, office and retail facilities, educational, cultural and sports institutions. This will create more than 290 thousand new jobs in almost all sectors of the city’s economy. The total investment in the development of the capital will exceed two trillion rubles.

    Developers can submit an application to participate in the program through the online service at Moscow investment portal.

    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.

    http://vvv.mos.ru/nevs/item/145017073/

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Russia: “Scientists work to make this world a better place”

    MILES AXLE Translation. Region: Russian Federation –

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

    Federico Gallo – Research Fellow Center for Neuroeconomics and Cognitive Research Institute of Cognitive Neurosciences, National Research University Higher School of EconomicsIn 2023, he received the award “For special achievements in career and public life among foreign graduates of the National Research University Higher School of Economics.” In an interview, Federico talked about how he came to science and why he stayed in it, and also revealed the secret of an effective remedy against old age.

    The Beginning of the Journey: From Ancient Greek to Neuroscience

    Since childhood, I loved books, especially books about science, history, and the English language. I studied in a classical school, that is, I studied ancient Greek and Latin, antiquity. I was a very inquisitive child, and I was lucky that my family and friends always supported this inquisitive research nature in me. Then I realized that I wanted to connect my life with science, but I did not know which field exactly.

    At first, I decided that I wanted to become an astrophysicist and entered the physics department. But soon I realized that I was more attracted to mathematics and thought about changing my specialty. Then my mother, a high school teacher, advised me to pay attention to neuroscience. At that time, it was a completely new field of research. I was attracted by the fact that it combined several fields of knowledge, including the exact sciences, psychology, and linguistics. Even now, it seems to me that interdisciplinarity is the most remarkable and strong side of neuroscience.

    In 2011, I entered the University of Milan. Our first class was taught by Professor Andrea Moro. Incidentally, he was a student of Noam Chomsky himself, one of the most important intellectuals of the 20th century, who influenced the development of cognitive sciences in the world. I was fascinated not so much by the subject that Andrea taught, but by his approach to science. When it came time to write my thesis, I really wanted him to be my supervisor. But it so happened that Andrea received a new important position, and he did not have enough time to deal with scientific supervision. Then he recommended that I contact his wonderful colleague Professor Jubin Aboutalebi.

    Jubin was working on the topic of bilingualism. Even before we officially met, we accidentally bumped into him in the university corridors. He already knew that I was going to write my thesis with him, and immediately asked what age group I would like to work with. To be honest, I was a little confused, since I hadn’t had time to think about it yet. But I answered that I was interested in the elderly, because the whole world was gradually getting older. At that time, scientists had just begun to study the connection between bilingualism and aging.

    The next morning I was already in Jubin’s lab. Our friendship and close collaboration continues to this day, and the topic of bilingualism and aging has become the main focus of my research.

    Of course, all the knowledge I received both at school and at the university helped me a lot, but it was not decisive in my development as a scientist. The main thing is the people with whom life brings you together. I was very lucky: my scientific supervisors, family, friends, my fiancée Lisa always accepted and supported me.

    On working in Russia: “At HSE, you do science and don’t notice whether you’re in Russia, Italy, or the Philippines”

    Dzhubin has a friend and colleague, Andrey Myachikov, a leading research fellow at the HSE Institute of Cognitive Neuroscience. Together with another colleague from HSE, Yuri Shtyrov, they offered me to become a link in the collaboration between Milan and Moscow. Andrey won me over by the fact that he specially flew to Milan to meet me long before the competition for a postgraduate position opened. As a result, I received a scholarship from the government and HSE and moved to Moscow for postgraduate study.cognitive science program. At the same time, when I was already getting ready to go to Russia, I received an invitation to Barcelona, I received a prestigious scholarship named after Marie Curie. However, I was so inspired by the collaboration with my future scientific supervisors that I did not even have the thought to consider a new offer and change my decision.

    I remember my postgraduate years with great warmth and gratitude. I conducted research at the Center for Neuroeconomics and Cognitive Research, now part of the Institute of Cognitive Neuroscience. I was inspired by the trust that my senior colleagues placed in me, although I was only a young postgraduate student. I felt free and independent as a researcher, but at the same time I could always count on the attention and support of my “seniors.” This allowed me to become a truly mature, independent researcher. Many thanks to my scientific supervisors and staff at the center Andrey Myachikov, Yuri Shtyrov, Victoria Moiseyeva, Anna Shestakova for always believing in me.

    The Institute of Cognitive Neurosciences became my home, and I didn’t feel like a foreigner who found himself in a Russian academic environment. Thanks to the opportunities that HSE provides, you do science and don’t notice whether you are in Russia, Italy or the Philippines.

    After my PhD, I entered the postdoc program. Now I am probably one of the oldest employees of the Institute of Cognitive Neuroscience. I recently received a very prestigious Marie Curie fellowship and left Russia for a while. But I continue to work on my projects remotely, supervising several master’s and PhD students. I have seen for myself how people’s attitudes change if they see that you are confident and passionate about what you do. This evokes respect and even admiration. Therefore, one of the important tasks for me is to support young researchers, I try to give them confidence, give them the opportunity to be proud of themselves.

    On modern neuroscience, bilingualism and aging: “I may say something unpleasant, but the brain begins to age at 20–25 years old!”

    The main topic of my research is cognitive aging. I study how a person’s lifestyle affects the aging process, what factors can slow it down. I may say something unpleasant now, but the brain begins to age at 20-25, so it is very important to know where to invest in order to ensure a successful old age.

    One of the powerful factors that slow down cognitive aging is bilingualism. Bilingualism is not necessarily fluency in two languages from birth. The modern approach interprets it as knowledge of a second language at least at some level. Even if you start learning a foreign language as an adult, you will become bilingual and replenish your cognitive reserve.

    The cognitive reserve is the savings account of our brain, we replenish it throughout life when we get an education, new skills, play sports. In old age, when the brain requires additional resources to continue its usual activity, it begins to gradually use the funds in this account. If you have managed to accumulate a lot of funds during your life, the brain will be able to spend them for a long time and function normally, despite age-related changes.

    Our recent studies have shown that not only the fact of learning a second language, but also its choice can affect the functioning of the brain in old age. It turns out that close languages, that is, similar to each other, such as Spanish and Portuguese, are more useful for the brain in the long term than distant languages, with radically different grammatical and lexical-semantic structure. When we begin to learn a new language, we certainly train our brain, it learns to switch between language systems and not mix them. If the languages are distant, it is more difficult for a person to learn at first, but at the same time he can easily separate his native and foreign languages and not confuse them. If the languages are close, a person learns a new language much easier, but in order not to mix the two systems, the brain has to be constantly tense. That is, when learning Chinese, for example, the brain of Russians is very tense at the beginning, but then relaxes and becomes lazy, but in the case of Belarusian, it is constantly in good shape. So, as a cure for old age, it is more useful to learn related languages.

    About the future and dedication of scientists

    My colleagues and I are currently working on a large-scale project: a meta-analysis comparing all protective factors in terms of their positive impact on successful aging. I may be biased, but I think one of the most important areas of science is finding solutions to combat neurodegenerative diseases, such as dementia caused by Alzheimer’s disease. The number of diagnoses increases every year. We must study the causes and mechanism of the disease well, and then look for appropriate treatment. In this sense, bilingualism is one of the important and, most importantly, economically beneficial tools for the state to combat cognitive impairment in old age.

    In research work, it is important for me to feel that with our discoveries and results we make this world a better place. In my opinion, it is the desire to improve the world that should be the goal of a scientist. It is a pity that many people forget about this today.

    In a sense, I am an idealist. Science should not pursue selfish commercial goals. The most important part of it is dedication. I hope that I will leave a better world than the one I came into.

    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.

    http://vvv.hse.ru/nevs/scene/971833712.html

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Economics: Joachim Nagel: Remarks at the “Bell ringing ceremony”

    Source: Bank for International Settlements

    Check against delivery 

    Ladies and gentlemen,

    It is a great pleasure to be here today to celebrate the European Commission joining the European repo market at Deutsche Börse/EUREX. This is a significant milestone, and I am happy to share this moment with all of you.

    The Bundesbank will act as a General Clearing Member for the Commission. Having provided similar services to several other public entities for many years, the Bundesbank brings experience to the table. With this robust track record, we are happy to provide our services to the Commission. I can assure you that you are in good hands.

    EUREX already supports a wide range of repo transactions and is a major player in Europe’s financial landscape. Since 2021, the Commission has been issuing bonds under the temporary NextGenerationEU programme, and this will continue until 2028. In total, bonds worth approximately €800 billion will ultimately be issued. The EU is therefore set to become an important player in the euro bond market for some time to come. The repo facility introduced today will significantly enhance liquidity in the secondary market for these bonds.

    Ladies and gentlemen, today’s event not only highlights the attractiveness of Frankfurt as a financial hub, it also helps strengthen it further. This is particularly important as much investment will be needed in the areas of digitalisation and decarbonisation in the future. Of course, bank loans will likely continue to play a vital role in financing these investments. But there is also substantial potential for more financing through capital markets.

    As many of you probably already know, I have long been an advocate of greater integration of European capital markets. I firmly believe that advancing the Capital Markets Union is essential, particularly in the areas of securitisation, insolvency laws, and venture capital.

    A transparent and high-quality securitisation market would enable banks to transfer parts of their loan portfolios to the capital market. This would relieve their balance sheets and create scope for additional loans. An effective and harmonised insolvency regime would facilitate cross-border investment and the reallocation of scarce resources to innovative firms striving to build a digital and carbon-neutral future. Finally, better access to venture capital would help young European firms turn innovative ideas into marketable products.

    For now, I look forward to implementing our newly established partnership and to the benefits it will bring to our financial system.

    MIL OSI Economics –

    January 23, 2025
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