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Category: Economy

  • MIL-OSI USA: BREAKING: Cortez Masto’s Bill to Reauthorize the Lake Tahoe Restoration Act Passed Into Law

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    The reauthorization of the Lake Tahoe Restoration Act heads to President Biden’s desk for signature before the act was set to expire on October 1, 2024

    Washington, D.C. – Today, U.S. Senator Catherine Cortez Masto’s (D-Nev.) bill to extend the authorization of the Lake Tahoe Restoration Act for 10 years passed the U.S. House of Representatives today. Cortez Masto’s legislation is cosponsored by Senators Jacky Rosen (D-Nev.), Laphonza Butler (D-Calif.), and Alex Padilla (D-Calif.) in the Senate. The Senate passed this bill in July, and it now goes to the President’s desk to be signed into law.

    “I was thrilled to pass the reauthorization of the Lake Tahoe Restoration Act through the Senate this summer, and today’s vote means this critical legislation is officially on its way to becoming law,” said Senator Cortez Masto. “I’m proud of our bipartisan work to deliver funding for vital programs that keep the lake clean, support local jobs, and support our tourism economy. It is an honor to help lead Team Tahoe and fight for the resources the basin needs to thrive.”

    “Lake Tahoe is a treasure, and we must do everything we can to protect it for future generations,” said Senator Padilla. “As the threats from climate change continue to escalate, I’m thrilled to see the House join the Senate to provide critical funding to preserve Lake Tahoe and protect it against pollution, invasive species, and wildfires.”

    “For the last two decades, lawmakers from both parties have come together and worked in a bipartisan way to protect Lake Tahoe and the surrounding communities,” said Senator Rosen. “I’m proud to continue this legacy by working with Republicans and Democrats in Congress to pass the Lake Tahoe Restoration Reauthorization Act and reauthorize this much-needed funding to help preserve one of Nevada’s most unique natural wonders for generations to come.”

    “By reauthorizing the Lake Tahoe Restoration Act, we protect the iconic landscapes that make California beautiful and support local jobs that rely on a healthy Lake Tahoe,” said Senator Butler. “Although we have made significant progress in keeping Tahoe blue, we must remain steadfast to protect it from climate change, wildfires, and pollution.”

    “The Lake Tahoe Region is grateful to Congress for their leadership in passing this critical piece of legislation to continue the collaborative work to protect and restore Lake Tahoe,” said Tahoe Regional Planning Agency Executive Director Julie Regan. “Extending the federal investment in the EIP will leverage millions of dollars in state and local funding to implement the top priority projects for the lake and our communities.”

    The Lake Tahoe Restoration Act is bicameral, and is cosponsored in the U.S. House of Representatives by Representatives Mark Amodei (R-Nev.-02), John Garamendi (D-Calif.-03), Dina Titus (D-Nev.- 01), Susie Lee (D-Nev.-03), Steven Horsford (D-Nev.-04), John Duarte (R-Calif.-13) and Kevin Kiley (R-Calif.-06). It will allow critical funding to support environmental protection and habitat restoration programs across the basin for the next ten years. This law has delivered millions in federal dollars to Lake Tahoe since the original law passed in 2000.

    Senator Cortez Masto has been a champion for Lake Tahoe, leading efforts in the Senate to conserve the region and protect the Lake. She recently secured $24 million to extend the popular East Shore Trail around Lake Tahoe, and almost $8 million to help the Tahoe Transportation District purchase new electric hybrid busses and improve transit safety. She secured nearly $17 million in funding for the Lake Tahoe Restoration Act in the Bipartisan Infrastructure Law, in addition to critical resources to address microplastic pollution in the Lake and to improve transportation options to and from Reno. She has led calls for a comprehensive, collaborative, and science-based approach to protect Lake Tahoe from the threat of climate change. Cortez Masto helped pass the Great American Outdoors Act, which was signed into law to repair and maintain public lands nationwide.

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Banking: Samsung Electronics Collaborates With Hyundai Motor and Kia to Further Expand the SmartThings Ecosystem

    Source: Samsung

    ▲ (From left) Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division; Paul (Kyungwhoon) Cheun, President, CTO of DX Division at Samsung Electronics and Head of Samsung Research
     
    Samsung Electronics today announced the signing of a strategic technology partnership agreement with Hyundai Motor and Kia. The companies’ shared goal is to elevate users’ connectivity experiences by fully integrating the SmartThings IoT platform with Hyundai and Kia’s software-defined vehicles (SDVs).
     
    The signing ceremony was held at Samsung Electronics’ Seoul R&D Campus, with Samsung’s participants including Paul (Kyungwhoon) Cheun, President, CTO of Device eXperience (DX) Division and Head of Samsung Research; Seungbeom Choi, Executive Vice President and Head of Device Platform Center; and Chanwoo Park, Executive Vice President and Head of IoT R&D Team. Participants from Hyundai and Kia included Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division and Haeyoung Kwon, Vice President and Head of Hyundai Motor Group Infotainment Development Center.
     
    Through this agreement, Samsung will integrate SmartThings with Hyundai and Kia’s next-generation infotainment system to offer a differentiated experience. First, they will introduce the global location solution function for vehicles and smart keys based on the SmartThings Find platform, which is a crowdsourced network of hundreds of millions of Samsung Galaxy devices that use the Bluetooth Low Energy (BLE) technology to report their location. Through the SmartThings Find service, users can locate vehicles using nearby Galaxy smartphones — even without a 4G or 5G cellular network connection — meaning drivers can more easily track down their cars in the event of them being lost or stolen.
     
    Additionally, drivers can use their Galaxy’s Quick Panel to control air conditioning and check their remaining range from their device. Vehicles can also be added to the connected SmartThings ecosystem, allowing users to return to a home with optimized conditions by controlling their Samsung air conditioners, air purifiers or other connected devices while driving home.
     
    As part of the agreement, Samsung will also continue collaborating with Hyundai and Kia to provide various AI-based services tailored to customer lifestyles and preferences. The companies will expand the use of SmartThings to include in-vehicle health monitoring via cameras and Galaxy devices, pet care solutions that optimize vehicle environments for pets, as well as integration with smart apartment solutions and SDVs.
     
    “Our goal is to enrich Hyundai Motor and Kia customers’ mobility experience by offering personalized services that extend beyond transportation, seamlessly integrating vehicles with smartphones,” said Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division.
     
    “Through our collaboration with Hyundai and Kia, customers will experience the convenience of SmartThings not only at home but also in their vehicles, transcending space,” said Paul (Kyungwhoon) Cheun, President, CTO of DX Division at Samsung Electronics and Head of Samsung Research. “We will continue to expand the SmartThings ecosystem, offering new lifestyles and value to even more customers.”
     
     
    Consistent Steps Forward Enable Shared Progress
    In January this year, Samsung and Hyundai announced to partnership focusing on home-to-car and car-to-home services that connect smartphones, vehicles and home appliances. Based on this agreement, the two organizations have been working toward a reality in which a Samsung device can be used to seamlessly control a Hyundai or Kia vehicle — and home appliances can also be easily controlled from inside the vehicle.
     
    ▲ (From left) Jinhee Choi, Senior Executive Vice President of 42dot; Haeyoung Kwon, Vice President and Head of Hyundai Motor Group Infotainment Development Center; Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division; Paul (Kyungwhoon) Cheun, President and Chief Technology Officer (CTO) of Device eXperience (DX) Division at Samsung Electronics and Head of Samsung Research; Seungbeom Choi, Executive Vice President and Head of Device Platform Center; and Chanwoo Park, Executive Vice President and Head of IoT R&D Team
     
    This latest evolution of the two companies’ relationship now adds the aforementioned SmartThings functionality and cooperation to provide user-tailored AI services. Essentially, the scope of the collaboration has now been broadened to include even more comprehensive SDV integration — as well as healthcare, pet care and smart apartment solutions.
     
     
    About Hyundai Motor Group
    Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel and construction, as well as logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all.
    More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom

    MIL OSI Global Banks –

    September 29, 2024
  • MIL-OSI Australia: Appointment to the National Archives of Australia Advisory Council

    Source: Australian Ministers 1

    The Albanese Labor Government has today announced the appointment of Ms Amanda Heyworth as a member of the National Archives of Australia Advisory Council for a three-year term.

    The National Archives is Australia’s federal government record collecting agency, preserving and managing documents and other evidence that record important events in Australian history, and making them available to the public. 

    Minister for the Arts, Tony Burke, said Ms Heyworth would be a valuable addition to the Council. 

    “The National Archives holds some of our most important records dating back to Federation in 1901, helping to tell the story of our nation. 

    “Amanda’s experience in digital transformation and service design will benefit the National Archives as it works to make collections more digitally available and improve information management.”

    Ms Amanda Heyworth is a professional company director, with expertise in governance, strategy and innovation. Ms Heyworth currently holds Chair positions at UniSA Ventures Pty Ltd and the Centennial Park Cemetery Authority, and is a non‑executive Director at People First Bank and Commissioner of the Essential Services Commission of South Australia. 

    Ms Heyworth has previously held senior executive positions in the venture capital, technology and finance sectors. Early in her career, she served as an economist with the Federal Treasury and as Adjunct Faculty in the Australian Graduate School of Management at the University of New South Wales.

    MIL OSI News –

    September 29, 2024
  • MIL-OSI Australia: Minister Rishworth Brisbane press conference

    Source: Australian Ministers for Social Services

    25 September 2024

    E&OE TRANSCRIPT

    Topics: Autism; Autistic women; Connections4Women; Strong and Resilient Communities; Disability; Negative gearing; Housing.

    AMANDA RISHWORTH, MINISTER FOR SOCIAL SERVICES: It’s been wonderful to visit Autism Queensland today, also with our candidate, Julie-Ann Campbell, the candidate for Moreton. But it’s been wonderful to hear about the large array of really important support services that Autism Queensland does offer to autistic people here in Queensland. Particularly, I’m very pleased to announce today that Autism Queensland is receiving a grant of $360,000 to run a program called Connections4Women. And that’s particularly designed for autistic women to connect up with other autistic women. This is a really innovative program, and I very shortly will ask Dr Caitlin Taggart to explain the process of, and what this program will offer. But I did want to say that this program very much aligns with the outcomes that we want to see through our Strong and Resilient Community grants. This is all about ensuring the social inclusion of people that may be disconnected or isolated from community. But it’s also really in line with the Commonwealth Government’s National Autism Strategy. Our National Autism Strategy is a strategy looks at how we make sure Autistic children and Autistic adults are better included in our community, are better supported, that their wellbeing is considered, that their health is considered, and indeed their social and economic inclusion is forefront to that strategy. This program is so important in ensuring that there’s social connection. I understand it will be run in three areas: South Brisbane, Toowoomba and Gladstone. And I’m really, really excited to see the outcomes of this program. I might now hand over to Dr Caitlin Taggart to talk more about the program.

    DR CAITLIN TAGGART, AUTISM QUEENSLAND: Thanks very much. So the program is called the Connecting4Women group, and the main aim of the group is to enable and empower Autistic women to connect with other Autistic women. We will be in the group exploring topics like Autistic self-identity and connecting to our local community. So connecting into services and support and online spaces. We want the group to be a really safe and supportive space for Autistic women to connect with other women and feel that sense of belonging and connection to others. The ultimate aim of the group would be that Autistic women would be the key drivers to continuing that social ecosystem expanding into their local community. The group is co-designed. So we were really fortunate last year to receive a Supporting Women Queensland Government grant. And in through that grant, we met with 22 Autistic women, where we co-designed the group, and we were exploring topics with these women about what they would like the group to be. How would they like it to be facilitated? The location? How do we maintain that psychological safety within the group? And using that information that we gathered from these 22 Autistic women, this has now informed this connections for women group this SARC grant. So we’re really fortunate and really excited to be offering this group to Autistic women across those three locations. So South Brisbane, Gladstone and Toowoomba. The reach and the scope that we have, you know, can be up to 192 Autistic women, which we’re really excited to be offering, and particularly since this group, it is co-designed by Autistic women for Autistic women. So this group is meaningful to the needs and the users of this group. So we’re really excited and really fortunate to be to be offering this this group.

    JOURNALIST: Do you think the additional funding will help the stigma around autism in women, especially since it’s so under diagnosed?

    DR CAITLIN TAGGART: Great question. There is a gender bias and unfortunately, for a lot of Autistic women, they struggle, really find it challenging to find a diagnosis, because there is that lack of understanding and lack of awareness and in the health professional sector community. So we are hoping that this will increase awareness. And for Autistic women, the group is not just for those who have a formal diagnosis of autism, but those who self-identify as Autistic, because we do recognise that there are the challenges in receiving a formal diagnosis, not just from the lack of awareness, but also financially as well, it can be quite challenging.

    JOURNALIST: And what specific programs and services would the funding enhance?

    DR CAITLIN TAGGART: We’re hoping that the Autistic women will then be able to connect into their local communities or online community spaces and learn about other services and support that have that understanding of autism. It is a small community, and if we can connect together and learn from each other about those services and spaces that do have that awareness of autism, in particular Autistic females, we’re hoping that then we can spread awareness and Autistic females will be able to connect into those services and support and receive the right kind of
    support.

    JOURNALIST: And how would the funding help women, Autistic women who are from different backgrounds. I know there’s specific locations around Queensland, but how would that offer them the safe space?

    DR CAITLIN TAGGART: Again, really great question. So when we co-designed the group, that was something that we did discuss, because we want this group to be really inclusive and welcoming to a very wide diverse range of people. The group is participant-led. So we want participants to come to the group, and we want to understand from them what they want to get out of the group, and what their needs are to feel safe and welcomed and included in that group. So we’re not coming in with our own agenda. It’s not prescriptive at all. It was co designed, and it’ll continue to be co designed even as we continue to run the group.

    JOURNALIST: Minister Rishworth, we were wondering about the negative gearing information that has come out earlier today. If you had any comments on that?

    AMANDA RISHWORTH: Just to be really clear, we’ve got a very comprehensive housing policy – $32 billion worth of housing investment to increase supply. Negative gearing is not a proposal that is part of that housing policy. But what I would say is that there are two really important pieces of legislation in the Parliament, both our Build to Rent scheme, and, of course, our Help to Buy scheme. One that helps new homeowners get their foot into the market, the other, which puts more supply of affordable rental into the market. At the moment, we’ve got the Coalition and the Greens in there, the Coalition blocking this important piece of legislation, and we are focused on getting on the on with the job of actually building those houses. I might also just add one more thing about the autism funding. The funding will actually enable these groups to be facilitated and run for ten weeks, and so that is what the funding goes to. But as Caitlin was saying, it’s really important that there’s the potential for the ongoing benefit after these groups, of the social connection, bringing people together and feeling like you’re not alone. I think listening to the description of the program and listening to some of the comments coming back of what women really wanted, and this is what they told Autism Queensland. That’s what was so strong about this application is that this is what they said. They don’t want to feel alone, and so the funding to facilitate, to bring people together, to have a facilitator, as well as it be co-led with an Autistic woman, is really critical in ensuring that the ongoing connection continues.

    MIL OSI News –

    September 29, 2024
  • MIL-OSI China: HK rises to 3rd place in global financial centers index

    Source: China State Council Information Office

    Photo taken on June 22, 2022 shows the view at the Victoria Harbor in Hong Kong, south China. [Photo/Xinhua]

    Hong Kong moved up one place to rank third globally and first in the Asia-Pacific region in a global financial centers index, showing the city’s status and strengths as a leading global financial center.

    The Global Financial Centers Index (GFCI) 36 Report was published Tuesday by British think tank Z/Yen Group and the China Development Institute in Shenzhen.

    A spokesperson from the Hong Kong Special Administrative Region (HKSAR) government said that Hong Kong’s scores were rated among the top in various areas of competitiveness, including business environment, human capital, infrastructure, as well as reputational and general.

    Hong Kong’s rankings in various financial industry sectors also rose significantly, including investment management, insurance, banking and professional services. Among them, the ranking in investment management advanced to first globally.

    In addition, the report assessed the financial centers’ fintech offerings, and Hong Kong’s ranking rose five places to ninth, making it among the top 10 fintech hubs.

    The spokesperson said that Hong Kong’s asset and wealth management business is booming, with assets under management growing by about 2 percent from the previous year to more than 31 trillion Hong Kong dollars by the end of 2023.

    Net fund inflows reached 390 billion Hong Kong dollars, representing a year-on-year increase of over 3.4 times. The development of the family office business in Hong Kong continues to gain momentum. The New Capital Investment Entrant Scheme has continued to receive overwhelming responses since its launch in March, with more than 550 applications received so far. It is expected to bring in more than 16.5 billion Hong Kong dollars in investments to Hong Kong.

    The spokesperson said that the HKSAR government will continue to actively understand, respond to and embrace changes to promote high-quality development of the financial sector. In the stock market, it is proactively enhancing its breadth and depth as well as boosting market efficiency and competitiveness, while endeavoring to deepen financial mutual access between the mainland and Hong Kong so as to further strengthen Hong Kong’s role in connecting the mainland and international capital markets.

    The GFCI Report is released in March and September every year since 2007. In GFCI 36, 121 financial centers were assessed, and Hong Kong ranked third globally with an overall rating of 749. (1 Hong Kong dollar equals 0.1284 U.S. dollars) 

    MIL OSI China News –

    September 29, 2024
  • MIL-OSI New Zealand: Auckland on track to meet critical water targets

    Source: Auckland Council

    Tāmaki Makaurau is on track to meet its targets to reduce water consumption  and the water supply target for recycled water capacity. That’s according to the annual progress report for the Auckland Water Strategy.

    The Auckland Water Strategy (2022 – 2050) is Auckland Council’s 30-year approach to water, guided by the vision te mauri o te wai – that the life-sustaining capacity of Auckland’s water is protected and enhanced.

    The Policy and Planning Committee heard a progress report in its recent meeting. Chair of the committee, Councillor Richard Hills, welcomed this report and acknowledged our complex relationship with water.

    “We’ve seen the extremes of our relationship with water in recent years, from severe flooding to drought and water restrictions. The Auckland Water Strategy provides us with a guiding vision while ensuring that strategic direction is being progressed through efforts across the organisation to enhance our resilience to water-related natural hazards, improve our partnership with mana whenua, and improve our planning framework,” says Cr Hills.

    “There have been some notable milestones achieved in the last year, especially around enhancing our resilience to water-related natural hazards and updating our planning framework. Through the Storm Response Fund and Making Space for Water programme, there’s been some great mahi to empower communities to prepare for a changing water future and enhance the uptake of resilient infrastructure.

    “There’s more work to be done and it’s great to have a guiding vision as we continue to protect and enhance our relationship with, and management of, water in Tāmaki Makaurau.”

    Highlights from the report

    Highlights from the report included that Tāmaki Makaurau is still on track to achieve the strategy’s water consumption targets to reduce consumption below 253 litres per person per day by June 2025. This is despite a slight increase in per capita consumption in the 2023/2024 financial year.

    Additionally, Tāmaki Makaurau has already exceeded its supply target of having at least 20M litres per day of recycled water capacity (that can be used in a productive way) by 2030. This is due to re-using purified wastewater in Watercare’s wastewater treatment plants as well as some major construction projects.

    The report also noted that, of the 34 actions outlined by the strategy indicatively scoped for delivery by the end of June 2025, 15 are on track or complete, 16 are at risk of not being delivered within the envisioned timeframe, and three are behind schedule at the time of reporting.

    “Strategic direction is being progressed through efforts across the organisation to enhance our resilience to water-related natural hazards, improve our partnership with mana whenua, and improve our planning framework,” says Dave Allen, Auckland Council’s Manager Natural Environment Strategy.

    “However, resource constraints mean that delivering all 34 actions identified for delivery by 30 June 2025 will be a challenge. To support implementation, we’ve prioritised actions in the strategy to better support resource allocation over the next year and will be working closely with the leadership and staff in key departments across the organisation to enhance commitment to achieving delivery of the strategy’s actions.”

    About the Water Strategy

    The Auckland Water Strategy ensures that the protection and enhancement of water is a priority in our decision making. The strategy helps us ensure that all our future decision making, and investments will contribute to improving the health of our waters.

    The Water Strategy framework centres around eight strategic shifts:

    • Te Tiriti Partnership
    • Empowered Aucklanders
    • Sustainable Allocation and Equitable Access
    • Regenerative Water Infrastructure
    • Water Security
    • Integrated Land-Use and Water Planning
    • Restoring and Enhancing Water Ecosystems
    • Pooling Knowledge.

    MIL OSI New Zealand News –

    September 29, 2024
  • MIL-OSI United Nations: Governments and Philanthropies Commit Approximately US$350 Million, Giving Urgent Boost to Family Planning and Sexual and Reproductive Health Supplies and Services Worldwide

    Source: United Nations Population Fund

    During the UN General Assembly, countries and donors rally critical investments to save women and girls’ lives and drive sustainable development.

    As part of the global effort to secure sexual and reproductive health and rights (SRHR) for all, governments and philanthropies have committed approximately US$350 million in new investments to expand access to family planning and sexual and reproductive health services. 

    Healthy women are the foundation of healthy families, vibrant communities, and prosperous economies and demand for SRH services is growing globally. Between 2023 and 2035, the number of people in low- and middle-income countries using modern contraceptives is predicted to increase by 95.4 million and annual births will increase by 3.29 million. Yet, a significant financing gap for contraceptives and lifesaving maternal health medicines – reaching at least US$1.5 billion in the world’s poorest countries alone by 2030 – threatens to derail hard-earned progress. Today, only 57 per cent of women are able to make their own decisions about their SRHR—a lack of autonomy that can put women’s lives at risk, rob them of opportunities, and foster an intergenerational cycle of poverty. 

    Together, the landmark commitments announced today on the sidelines of the UN General Assembly — ranging from countries committing domestic resources for reproductive health supplies to donor governments pledging funds to the UNFPA Supplies Partnership and new commitments from private sector and foundation partners — will help transform the lives of women and girls in 54 countries.

    “Investing in reproductive health supplies is a ‘best buy’ for development, empowering women, improving maternal and newborn health outcomes, and uplifting economies,” said Dr. Natalia Kanem, Executive Director of UNFPA, the UN sexual and reproductive health agency. “The significant new resources that governments and philanthropies are committing to are a lifeline for millions of women, who can now enjoy reproductive freedom and the power of choice. Together, we must close the funding gap for reproductive health commodities so that every woman, everywhere, can exercise her fundamental rights.” 

    The contributions to UNFPA alone have the potential to reach more than 28 million people with reproductive health care, prevent more than 8 million unintended pregnancies, avert more than 2 million unsafe abortions, and save the lives of up to 9,000 women and girls.

    Domestic financing commitments include:

    • The Kyrgyz Republic announced US$119,000 to domestic resources for family planning commodities. 
    • The Republic of Madagascar announced a US$15 million government contribution to procure quality-assured contraceptives and maternal health medicines through UNFPA.
    • Nepal announced a US$600,000 government contribution to purchase quality-assured contraceptives.

    Financing commitments from international donors include: 

    • The Government of Canada announced US$84 million commitment to SRHR projects.
    • The Children’s Investment Fund Foundation (CIFF) announced a US$100 million commitment to co-fund the WISH/Step-Up (Women’s Integrated Sexual Health) platform, strengthening donor coordination on funding access to SRH choices for communities in the Sahel and Democratic Republic of Congo.
    • The Kingdom of the Netherlands committed to a multi-annual partnership.
    • Norway announced a US$12.3 million commitment to the UNFPA Supplies Partnership over 2 years.
    • The Government of Spain announced a US$18 million commitment to UNFPA. 

    Other commitments include:

    • The European Union and Bill & Melinda Gates Foundation announced a partnership to design new innovative financing mechanisms to expand contraceptive and SRH access for women in low- and middle-income countries.
    • As a catalytic in-kind investment, HELP Logistics (Kühne Foundation) committed to bringing their expertise to UNFPA’s supply chain strengthening activities to help ensure SRH services reach those who need them most.

    A Smart Investment for Health, Prosperity, and Sustainable Development

    “When we invest in healthy women, we invest in a healthy world,” said Dr. Anita Zaidi, President of the Gender Equality Division at the Gates Foundation. “Family planning is a proven, high-impact intervention that not only saves lives but also fuels economic growth, makes societies more resilient, and advances gender equality. Investing in family planning can help unlock a brighter, more sustainable future for us all.”

    Increasing sexual and reproductive health financing pays off.  Globally, every US$1 invested in family planning yields more than US$8 in benefits for families and societies. Addressing the women’s health gap – in which they currently spend 25 per cent more of their lives in poor health compared to men – will boost the global economy by US$1 trillion by 2040. That amounts to an increase in per capita GDP of nearly 2 per cent every year. 

    A World Made Possible by Family Planning 

    Furthering the impact of today’s domestic financing announcements, the governments of the Kyrgyz Republic, Madagascar, and Nepal have ongoing commitments under FP2030 to expand access to family planning. FP2030 – a global partnership dedicated to putting family planning at the centre of global health, development, and gender equality – premiered a new video at the UN General Assembly featuring Nigerian football star Asisat Oshoala and former US Women’s National Basketball Association (WNBA) star and American business owner Renee Montgomery speaking to all that has been made possible by continued investments in family planning and SRH.

    “So much of our world has been made possible by family planning. By enabling more women to shape their lives and futures, family planning has helped women to finish their education, join the workforce, ascend to leadership positions, and achieve their dreams,” said Dr. Samukeliso Dube, Executive Director of FP2030. “The commitments made to family planning and sexual and reproductive health today will create limitless possibilities for women, for families, and for our collective future.”

    Investing in Family Planning and Sexual and Reproductive Health is Investing in the Future

    Today’s commitments represent a critical step towards ensuring universal access to SRH services. While the work is far from over, these commitments get us closer to closing the current and expanding financing gap.

    “There is no escaping the reality: even with the important pledges today, we still need to do more to ensure all women and girls have access to life-saving family planning when they want it,” said Sir Chris Hohn, Founder and Chair of the Children’s Investment Fund Foundation. “The shameful gap in funding for commodities and services must be met by strong domestic leadership – and sustained donor funding in service to country priorities. CIFF’s US$100 million investment in the WISH platform, on top of our US$100 million investment last year to end the commodity financing gap, is a demonstration of our commitment to prioritizing country-led solutions to ensure more women and girls can choose their futures.” 

    By unlocking sustainable financing and recharging political will for SRH, we can secure a healthier, more equitable world for future generations.

    Media contact:

     

    MIL OSI United Nations News –

    September 29, 2024
  • MIL-Evening Report: At 2.7%, Australian inflation is back within the RBA zone. Here’s why that matters

    Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

    Jeremy Ng/Shutterstock

    A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%.

    The dip below 3% puts the monthly measure of annual inflation back within the Reserve Bank’s target band of 2-3% for the first time since August 2021.

    The longer-running quarterly measure of annual inflation is also likely to be back within the 2-3% band when the September-quarter figure is released next month.



    The dramatically lower inflation rate puts Australia in the same league as the United States, whose inflation rate is 2.5%, and the United Kingdom, whose inflation rate is 2.2%.

    The US and the UK have inflation targets of 2%, meaning their inflation rates are still somewhat above target. Australia’s monthly measure of inflation is on target, close to the middle of the band.



    Electricity prices down 17.9%

    Inflation has been trending down since late 2022, as shown on the graphs, but the sharp drops in the past two months are largely due to electricity rebates offered by the federal and state governments.

    The rebates will be applied automatically to electricity bills in this and each of the next three quarters. A staged rollout means they hit bills in only Queensland and Western Australia in July and hit other states in August.

    The Bureau of Statistics says these rebates took 6.4% off the average national power price in July and a further 14.6% off in August.

    Household electricity prices were down 17.9% over the year to August. The Bureau of Statistics describes this as the largest annual fall on record.

    Also helping bring down inflation were lower petrol prices and cheaper public transport, aided by Brisbane’s pre-election six-month trial of 50 cent fares.

    The jump in the monthly measure to 4% in May, which had excited some commentators, now looks like a misleading blip.

    A takeaway is to be cautious in interpreting the less-comprehensive monthly indicator, as is the Reserve Bank, which puts it in small print at the top of its website under the quarterly index, which it headlines in big print.

    For what it’s worth, I am expecting the quarterly index to show annual inflation of 2.8% in the year to September, down from 3.8% for the June quarter.

    Governor Bullock isn’t impressed

    Reserve Bank Governor Michele Bullock says that at the moment she is paying more attention to the “underlying” rate of inflation, which looks through temporary measures such as subsidies.

    But the Reserve Bank’s preferred measure of underlying inflation, the so-called trimmed mean, also fell in August, to 3.4%, down from 3.8% in July.

    Australia’s weak economy – right now it’s the weakest outside of a recession – means the underlying measure of inflation is likely to continue to fall, unless the tax cuts that started in July have a big effect.

    Why do we target 2-3% anyway?

    Reserve Bank set its target of 2-3% inflation in the early 1990s without a lot of science. It was about where inflation was, close to the targets adopted by other countries, and was a range rather than a specific number in order to give the authorities some flexibility.

    But it happens to be a sensible target, as last year’s independent review of the Reserve Bank confirmed.

    The bank wants to target an inflation rate low enough to not be noticed much and to not much distort decisions.

    Evidence from Google searches suggests that when inflation is around the 2-3% range, people don’t much notice it, but when it climbs up to 4% or 5%, they notice it a lot and search for the word a lot.



    Although zero is (literally) a round number, zero inflation would be too low a target. It would mean deflation (prices falling) as often as not to balance out the prices that were climbing. Deflation is associated with recessions and poor economic performance.

    An inflation rate of 2-3% also allows some real wages to fall (because they can increase by less than the inflation rate), which can be useful in encouraging workers out of declining industries into ones that are expanding.

    In particularly bad times, the Reserve Bank might want to push interest rates down below the inflation rate. This is hard to do if the inflation rate is zero.

    In theory, there is a case for increasing Australia’s inflation target to about where inflation is at the moment, but if that happened, Australia’s inflation target and future inflation targets would have less credibility.

    And in any event, we are moving quickly back towards the target, and on Wednesday’s measure have already hit it.




    Read more:
    No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming


    John Hawkins was formerly a senior economist and forecaster in the Reserve Bank and the Australian Treasury.

    – ref. At 2.7%, Australian inflation is back within the RBA zone. Here’s why that matters – https://theconversation.com/at-2-7-australian-inflation-is-back-within-the-rba-zone-heres-why-that-matters-237650

    MIL OSI Analysis – EveningReport.nz –

    September 29, 2024
  • MIL-OSI USA: Ernst Work to Fix FAFSA Fiasco for Farm Families Gains Support

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    WASHINGTON – In light of a new report revealing that it will take the Department of Education well into 2027 to complete the implementation of the new Free Application for Federal Student Aid (FAFSA), U.S. Senator Joni Ernst’s (R-Iowa) work to fix this fiasco for farm families is gaining momentum with the endorsement of 24 education and agriculture groups.
    After the new formula changed a farm family’s expected annual contribution to their child’s education from $7,626 to $41,056, Ernst’s bipartisan Family Farm and Small Business Exemption Act would reverse these changes that could reduce or even eliminate access to need-based student aid for farm families.
    “As students across the country filled up their backpacks and picked up their pencils to head back to school this fall, too many families were left out of accessing financial aid. Chalk it up to poor leadership from the Biden-Harris administration and a Department of Education that is out of touch with rural America!” said Ernst. “There can be no more delay for fixing the Biden-Harris FAFSA fiasco for next year. My solution would support farm families trying to responsibly finance their child’s education, instead of forcing them to sell off the farm. Class is back in session, and the Department of Education must turn their homework in on time so students don’t miss out due to bureaucratic bungling.”
    The new Government Accountability Office (GAO) report revealed major errors made during the so-called “simplified” FAFSA rollout that led to a 9% decrease in 2024 FAFSA submissions for high school seniors, including that:
    74% of incoming calls for support went unanswered in the first five months of the new form,
    Graduate students were being incorrectly informed that they are eligible for Pell Grants,
    It took families an average of five days to complete a form that the Department claimed would take 15-20 minutes, and
    Students who submitted a paper FAFSA did not receive confirmation for more than seven months.
    To end the series of fumbles, here’s what others are saying about Ernst’s Family Farm and Small Business Exemption Act:
    “On the heels of a year where FAFSA was neither ‘better’ nor ‘simpler,’ Iowa families are bracing for more delays, disruptions, and unintended consequences as a result of the 25-26 financial aid processing season. Federal Student Aid and Congress have failed to address key issues – such as how assets related to small business ownership and family farms are counted on the FAFSA – leaving many hard-working Iowans unsure if they’ll have the resources needed to pursue education and training after high school,” said Rob Miller, President of Iowa College Access Network. “And while much attention has been focused on the new December 2024 FAFSA release date, big concerns remain over FSA’s ability to quickly and correctly process the forms and share accurate data with colleges for packaging.” 
    “Students decided not to attend Iowa Central Community College this year due to the newly imposed family asset in the Student Aid Index used for financial aid. If they have to take out loans for their education, many of our students will go right into the workplace or start working on their family farm instead of pursuing a degree,” said Jim Kersten, Vice President of Government Affairs at Iowa Central Community College in Fort Dodge, Iowa. “We faced many challenges following these changes including FAFSA completion delays, students not having FAFSA results in time to make their college decision, schools unable to make financial aid offers, and FASFA corrections not made until August. In addition, some parents with multiple children reached out to ask why their aid was so different from what their older children had received in years past. Their income was basically the same, but they no longer qualified for need-based aid which includes work-study jobs and subsidized loan funds. I am so pleased Senator Ernst is working together in a bipartisan manner with Senator Tester and others to get this important legislation approved as soon as possible.”
    “The second straight year of declining farm income only highlights the problems with changes that were made to asset calculations in the FAFSA Simplification Act,” said Dustin Sherer, Director of Government Affairs at the American Farm Bureau Federation (AFBF). “There are land rich, cash poor farmers who made no money this past year, yet their children won’t qualify for federal financial student aid. AFBF appreciates Senator Ernst’s focus on trying to correct this problem.”
    “Farm Credit commends Senators Ernst and Tester for their bipartisan work to rectify an unintended consequence of prior legislation impacting agricultural families,” said Todd Van Hoose, President and CEO of Farm Credit Council. “It’s essential that we provide our farm and ranch families with the financial aid and resources they need to support the next generation of agricultural leaders.”
    Background:
    The FAFSA form is typically accessible to students on Oct. 1 of each year to allow ample time to submit financial information before state and school-specific deadlines for aid eligibility. However, due to incomplete planning measures, the Department of Education released last year’s version three months late, drastically condensing the timeline for families to submit for aid. To make matters worse, the late rollout came with additional challenges, including changes that could reduce or eliminate access to need-based student aid for farm families and small business owners.
    To ensure more Iowa families are not left out, Ernst has conducted critical oversight, demanded answers on behalf of agricultural communities, and worked to get input directly from impacted Iowans.

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Economics: Verizon Business and SK Shieldus team up to bolster cybersecurity offerings

    Source: Verizon

    Headline: Verizon Business and SK Shieldus team up to bolster cybersecurity offerings

    SEOUL – Verizon Business and SK Shieldus have agreed to collaborate to deliver cybersecurity solutions to South Korean and Asian enterprises operating on a global scale. This strategic relationship will leverage Verizon Business’ extensive global reach and SK Shieldus’ deep-rooted expertise to provide comprehensive, world-class protection addressing the unique needs of Asian businesses.

    By combining their strengths in real-time threat intelligence, vulnerability assessment, incident response, and managed security services, Verizon Business and SK Shieldus aim to empower enterprises to confidently navigate the complex global threat landscape, safeguarding their operations and assets worldwide.

    Verizon Business works with 99% of Fortune 500 companies and governments worldwide and offers a suite of management and data security services. The company operates nine Security Operations Centers, six forensics labs and one of the largest IP networks in the world, monitoring 61 billion security events annually. In addition, Verizon’s investigative response team boasts more than 400 security experts and conducted 500+ IT investigations in 2023.

    “South Korea boasts one of the largest and most advanced economies in the world, and SK Shieldus has developed world-class cyber security capabilities in this market. We’re pleased to be working with them to enable businesses to further navigate the complexities of the digital landscape with confidence and resilience,” said Robert Le Busque, Regional Vice President for Asia Pacific at Verizon Business Group.

    Headquartered in South Korea, SK Shieldus is South Korea’s largest security services provider with a comprehensive suite of offerings, including physical security, security monitoring, consulting, system integration, solution supply, and operations. SK Shieldus was formed in 2021 following the merger of SK Infosec and ADT Caps. As a result, this integrated security provider, with physical and cybersecurity capabilities, has positioned itself as an industry leader by offering comprehensive security services. These services include security monitoring, consulting, system integration (SI), security solution supply, and security operations. With a customer base of over 1,800 across public, financial, and corporate sectors, including affiliates of the SK Group.

    SK Shieldus Chief Executive Officer, Dr. W.P. Hong stated that ‘Verizon is one of the world’s biggest technology providers with strong cyber capabilities. With the synergies and our capabilities in the Korea market, we will further strengthen cyber security capabilities for our customers in the market. As No.1 cyber security provider in Korea, we will utilise this collaboration to service our clients in Asia and globally’.

    To learn more about Verizon Business’ cybersecurity portfolio, visit https://www.verizon.com/business/en-sg/products/security/ .

    MIL OSI Economics –

    September 29, 2024
  • MIL-OSI Australia: Seeds planted for $16.7 million agriculture precinct

    Source: Australian Ministers 1

    The Albanese Government is continuing to invest in the nation’s future as an agritech powerhouse, investing $16.7 million into the Western Sydney University’s Agri Tech Precinct.

    Once complete, the precinct will be a world-leading hub of research, innovation, incubation and production, working to advance sustainable and resilient food systems.

    It will create new education pathways for future students as well as collaborative opportunities with other agricultural institutions.

    The approximately $30 million project is jointly funded with Western Sydney University, and is an election commitment being delivered under the Priority Community Infrastructure Program.

    Western Sydney University has estimated the construction phase will create 150 direct jobs and up to an additional 240 jobs in the precinct’s day-to-day operations.

    Delivered in two stages, the Commonwealth’s contribution is for stage 1 of the roughly 50-hectare precinct on the Hawkesbury campus. 

    Planning for the precinct is well underway with construction due to commence in April 2025, and stage 1 of the precinct expected to open to students from late 2025 with Stage 2 to follow.

    For more information on the Priority Community Infrastructure Program visit the Department of Infrastructure, Transport, Regional Development, Communications and the Arts website.  

    Quotes attributable to Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “Agriculture makes up around13% of Australia’s export economy and 55% of its land mass. 

    “With growing demand for sustainable, resilient food systems, the Agri Tech Precinct will help keep Australia at the forefront of innovation in the agriculture sector.

    “This is a smart, long-term investment in both the economy of Western Sydney, and the future of agriculture across Australia.

    “Our commitment to this project is another example of our investment in infrastructure that will deliver benefits for all Australians for generations.”

    Quotes attributable to Federal Member for Macquarie Susan Templeman:

    “This is an important investment in the WSU Hawkesbury campus in Richmond.

    “The Hawkesbury is the heart of peri-urban farming in NSW, with a rich tradition in food production and land management, and this initiative opens up opportunities for 21st Century agri-tech.

    “Not only will the Agri Tech Precinct play a growing role in the future of agriculture in Australia, but it will create hundreds of exciting new jobs plus new higher education opportunities in the Hawkesbury and Western Sydney.  

    “I’m proud to have this election commitment become a reality and look forward to seeing the results of the investment in the WSU Richmond campus over many years to come.”

    Quotes attributable to Minister for Agriculture, Fisheries and Forestry Julie Collins:

    “Innovation is at the heart of growing the agriculture sector’s productivity. The new Western Sydney University Agri Tech Precinct will bring students, researchers, businesses and industry together to develop and use new technology and methods to continue Australian agriculture’s competitiveness and success, which is why our Government is backing it.

    “Agriculture is increasingly drawing on technology and scientific advances to manage resource use, monitor production and target pests and diseases. 

    “I am excited by the prospects of bringing our best minds and technology together in the Western Sydney University Agri Tech Precinct. Collaboration can encourage innovation and attract investment and will be crucial to growing the jobs Australian agriculture needs into the future.”

    Quotes attributable to Western Sydney University Vice-Chancellor and President, Distinguished Professor George Williams AO:

    “Western Sydney University’s Agri Tech Precinct is a multi-million dollar investment in the future of sustainable agriculture production. 

    “The precinct will draw on the University’s expertise and research innovation ecosystem, with a focus on challenges faced by communities globally, to be advanced in genuine partnership with industry, government and community.

    “Offering exceptional work-integrated learning opportunities for students in agriculture and food production, it will create much-needed career pathways and a future jobs pipeline for Australia’s agricultural sector. 

    “Critically, the precinct will also create skilled jobs for Western Sydney and capitalise on the proximity to Sydney’s premier international airport at Badgery’s Creek – strengthening our opportunity to rapidly-export fresh, high-yield produce to the rest of the world. 

    “Our Hawkesbury campus has a long history of agricultural education and cutting-edge research. We are delighted this facility continues that proud tradition, cementing Western Sydney’s position as a world-leading hub for agricultural research and innovation.”

    MIL OSI News –

    September 29, 2024
  • MIL-OSI Submissions: Economy – GlobalData outlines strategies adopted by businesses to minimize the impact of inflation

    Source: GlobalData

    Inflation remains a significant concern for economies globally, with some experiencing moderation while others facing persistently elevated levels. This disparity has led companies to reevaluate their strategies to mitigate inflation’s effects. Companies across industries are taking decisive steps to deal with the pressure emerging out of these challenges, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Company Filing Analytics Database reveals the various action plans of companies to tackle inflation or minimize its impact on margins in their respective filing documents.

    Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “While some companies are seen to be keen on covering inflation with pricing actions, some are focused on cost management. Meanwhile, some companies are considering reducing the pressure on their lower-end customers as inflation begins to ease.”

    Alimentation Couche-Tard Inc believes that inflation is beginning to ease and interest rates are expected to be lowered in the coming months. The company hopes this will lessen some pressure on the lower-end customers. The Canada-based Convenience store company is also working to provide customers with value and ease inside stores and on forecourts.

    Darden Restaurants Inc revealed its attempt to minimize the annual effects of inflation through appropriate planning, operating practices, and menu price increases. The filing documents reveal that some of the impacts of the inflation have been offset by menu price increases and other adjustments made during the year.

    Bio-Techne Corp discussed its plan to fund all new investments with productivity initiatives and cover inflation with pricing actions. Hewlett Packard Enterprise Co expects the pricing to remain competitive, which might impact the company’s financial results. The information technology company plans to mitigate the impact of these dynamics through disciplined cost management.

    Haier Smart Home Co Ltd revealed in its latest report that the company strengthened its supply chain and distribution network, enhanced its high-end product lineup, and increased price indices to achieve 9.9% revenues growth in South Asia, 12.4% in Southeast Asia and 26.8% in Middle East & Africa in the first half this year.

    Singh concludes: “As businesses navigate these pressures and try to maintain profitability it requires a careful balance between cost management, market development, and portfolio diversification. Companies will need to stay agile to adapt to the ongoing economic uncertainties and the evolving inflationary landscape.”

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

    MIL OSI – Submitted News –

    September 29, 2024
  • MIL-OSI New Zealand: Progress on Crown Minerals is a step toward prosperity

    Source: ACT Party

    The first reading-passage of the Crown Minerals Amendment Bill is a step toward prosperity, says ACT Energy and Resources spokesman Simon Court.

    The Bill delivers on ACT coalition commitments to repeal the ban on offshore oil and gas exploration and promote the use of Crown minerals.

    “Taking full advantage of the mineral resources at our disposal will boost foreign investment, create high-paying jobs, and offer hope to young people looking to remain in New Zealand for work and family,” says Mr Court.

    “Restoring oil and gas exploration is a crucial step to deliver energy security. A high-wage economy depends on affordable and reliable energy. We came far too close to blackouts this winter, and ACT is determined to restore energy security so homes stay heated and factories keep running.

    “We support oil and gas exploration so the Greens can have jet fuel for the planes they fly to Parliament. We support mining for the minerals in iPhones so Greenpeace can livestream their protests. Above all, we support harnessing the untapped wealth beneath our feet so New Zealanders can prosper and enjoy happier, warmer lives.”

    MIL OSI New Zealand News –

    September 29, 2024
  • MIL-OSI: BGHL (EUR): NAV(s)

    Source: GlobeNewswire (MIL-OSI)

                                          BOUSSARD & GAVAUDAN HOLDING LIMITED

    Ordinary Shares

    The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company.

    Close of business 24 Sep 2024.

    Estimated NAV

      Euro Shares Sterling Shares
    Estimated NAV €    28.5679 £    25.6374
    Estimated MTD return     -0.53 %     -0.36 %
    Estimated YTD return      3.70 %      4.34 %
    Estimated ITD return    185.68 %    156.37 %

    NAV and returns are calculated net of management and performance fees

    Market information

    Euro Shares Amsterdam (AEX) London (LSE)
    Market Close €    27.40 N/A
    Premium/discount to estimated NAV     -4.09 % N/A
         
    Sterling Shares Amsterdam (AEX) London (LSE)
    Market Close N/A GBX 2,360.00
    Premium/discount to estimated NAV N/A     -7.95 %

    Transactions in own securities purchased into treasury

    Ordinary Shares Euro Shares Sterling Shares
    Number of shares N/A N/A
    Average Price N/A N/A
    Range of Price N/A N/A

                                               

    Liquidity Enhancement Agreement Euro Shares Sterling Shares
    Number of shares N/A N/A
    Average Price N/A N/A

    BGHL Capital

    BGHL Ordinary Shares Euro Shares Sterling Shares
    Shares Outstanding   12,299,516      123,090
    Held in treasury N/A N/A
    Shares Issued   12,299,516      123,090

    Estimated BG Fund NAV

    Class B Euro Shares (estimated) €   258.1153
    Class GBP A Shares (estimated) £   137.3552

    The Class B Euro Shares of BG Fund are not subject to investment manager fees, as the Investment Manager receives management fees and performance fees in respect of its role as Investment Manager of BGHL.

    For further information please contact:

    Boussard & Gavaudan Investment Management, LLP.
    Emmanuel Gavaudan +44 (0) 20 3751 5389 Email : info@bgam-uk.com

    The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has received the necessary approval of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the “Shares”) are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc’s main market for listed securities.

    This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.

    Neither the Company nor BG Fund ICAV has been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States.

    You should always bear in mind that:

    • all investment is subject to risk;
    • results in the past are no guarantee of future results;
    • the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and
    • if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice.

    This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice.

    Attachment

    • Daily NAV – BgHL

    The MIL Network –

    September 29, 2024
  • MIL-OSI: BGHL (GBP): NAV(s)

    Source: GlobeNewswire (MIL-OSI)

                                          BOUSSARD & GAVAUDAN HOLDING LIMITED

    Ordinary Shares

    The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company.

    Close of business 24 Sep 2024.

    Estimated NAV

      Euro Shares Sterling Shares
    Estimated NAV €    28.5679 £    25.6374
    Estimated MTD return     -0.53 %     -0.36 %
    Estimated YTD return      3.70 %      4.34 %
    Estimated ITD return    185.68 %    156.37 %

    NAV and returns are calculated net of management and performance fees

    Market information

    Euro Shares Amsterdam (AEX) London (LSE)
    Market Close €    27.40 N/A
    Premium/discount to estimated NAV     -4.09 % N/A
         
    Sterling Shares Amsterdam (AEX) London (LSE)
    Market Close N/A GBX 2,360.00
    Premium/discount to estimated NAV N/A     -7.95 %

    Transactions in own securities purchased into treasury

    Ordinary Shares Euro Shares Sterling Shares
    Number of shares N/A N/A
    Average Price N/A N/A
    Range of Price N/A N/A

                                               

    Liquidity Enhancement Agreement Euro Shares Sterling Shares
    Number of shares N/A N/A
    Average Price N/A N/A

    BGHL Capital

    BGHL Ordinary Shares Euro Shares Sterling Shares
    Shares Outstanding   12,299,516      123,090
    Held in treasury N/A N/A
    Shares Issued   12,299,516      123,090

    Estimated BG Fund NAV

    Class B Euro Shares (estimated) €   258.1153
    Class GBP A Shares (estimated) £   137.3552

    The Class B Euro Shares of BG Fund are not subject to investment manager fees, as the Investment Manager receives management fees and performance fees in respect of its role as Investment Manager of BGHL.

    For further information please contact:

    Boussard & Gavaudan Investment Management, LLP.
    Emmanuel Gavaudan +44 (0) 20 3751 5389 Email : info@bgam-uk.com

    The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has received the necessary approval of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the “Shares”) are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc’s main market for listed securities.

    This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.

    Neither the Company nor BG Fund ICAV has been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States.

    You should always bear in mind that:

    • all investment is subject to risk;
    • results in the past are no guarantee of future results;
    • the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and
    • if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice.

    This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice.

    Attachment

    • Daily NAV – BgHL

    The MIL Network –

    September 29, 2024
  • MIL-OSI Asia-Pac: FS meets Spanish business leaders

    Source: Hong Kong Information Services

    Continuing his visit to Madrid, Spain, Financial Secretary Paul Chan yesterday spoke at a business lunch, met Spanish officials and visited local enterprises.

    Delivering a keynote speech at a lunch with about 150 leaders from Spain’s business, financial, and innovation and technology sectors, Mr Chan stressed that Hong Kong has restored its global connections following the COVID-19 pandemic, and is eager to deepen co-operation with Spain to deliver mutual benefits.

    With the advantages brought by “one country, two systems”, Hong Kong is solidifying its role as a super-connector, and welcomes Spanish enterprises to use the city as a springboard to tap into the vast markets of the Greater Bay Area, the Mainland, and Asia more broadly, he said.

    He added that through its mutual access schemes with the Mainland’s capital markets, Hong Kong provides a channel through which Spanish companies can easily attract funds.

    Furthermore, as Hong Kong’s green standards are compatible with those of the European Union, green projects in Europe can leverage Hong Kong as a fund-raising platform. Mr Chan elaborated that Hong Kong can also collaborate with Spain’s tech ecosystem across key sectors such as artificial intelligence, biotechnology, fintech, and new energy and new materials.

    In the afternoon, the finance chief met Spanish Secretary of State for Trade Amparo López Senovilla and briefed her on economic developments in Hong Kong. The two officials also held in-depth exchanges on the promotion of economic and trade co-operation and mutual investment.

    Additionally, Mr Chan led a delegation of Hong Kong tech startups on a visit to IMPACT, a Spanish startup accelerator, for an exchange of views on entrepreneurial strategies in the innovation and technology sector. He and the delegation also visited the Spanish telecommunications company Telefónica to learn about its development strategies in 5G telecommunications, the Internet of Things and Web3.0.

    The Financial Secretary was due to continue his stay in Madrid this morning before heading to London in the afternoon.

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI: RIBER: 2024 first-half earnings

    Source: GlobeNewswire (MIL-OSI)

    2024 first-half earnings

    • Solid half-year revenues growth (+13%)
    • Gross margin up by 21% and operating income at breakeven
    • Net profit of €0.2m despite the lower seasonal revenues
    • Strong increase in order book at June 30, 2024 (+18%), reaching €36.0m
    • Outlook confirmed: revenues exceeding €40m with growth in earnings expected for the full year

    Bezons, September 25, 2024 – 8:00am – RIBER, a global market leader for semiconductor industry equipment, is releasing its earnings for the first half of 2024.

    (€m) H1 2024 H1 2023 Change
    Revenues
    Systems revenues
    Services and accessories revenues
    13.7
    9.4
    4.3
    12.2
    8.5
    3.6
    +13 %
    +10 %
    +19 %
    Gross margin
    % of revenues
    4.8
    34.8 %
    3.9
    32.3 %
    +21 %
    +2,5 pts
    Operating income
    % of revenues
    (0.0)
    (0.2 %)
    (1.1)
    (9.3 %)
    +97 %
    +9,1 pts
    Net income
    % of revenues
    0.2
    1.2 %
    (1.2)
    (10.2 %)
    +113 %
    +11,4 pts

    Key developments

    In the first half of 2024, despite an uncertain macroeconomic environment, RIBER achieved solid business growth. This performance reflects its strong position in the MBE market, driven by a sharp rise in orders during the first half, with 8 systems ordered for both research and industrial production. Additionally, the services and accessories business saw a significant upturn compared to a favourable base.

    Revenues

    In this context, revenues for the first half of 2024 came to €13.7m, up +13% compared with the first half of 2023. Systems revenues increased by +10% to €9.4m, while services and accessories revenues were up by +19% to €4.3m.

    Earnings

    The company points out that first-half earnings cannot be extrapolated over the full year due to the lower seasonality of revenues in the first half.

    The first-half gross margin was €4.8m, representing 34.8% of revenues, compared to 32.3% for the first half of 2023.

    Operating profit improved by €1.1m, reaching breakeven in the first half of 2024.

    Net income was positive at €0.2m, compared to a loss of €1.2m for the first half of 2023. This includes net financial income of €0.2m.

    Cash flow and balance sheet

    At the end of June 2024, the cash position was positive at €7.1m, compared to €9.7m at December 31, 2023, and €8.3m at June 30, 2023.

    Shareholders’ equity at end-June 2024 totaled €19.6m, compared to €21.2m at December 31, 2023, primarily taking into account the half-year earnings and the distribution to shareholders from the issue premium paid out in June.

    Order book

    The order book at June 30, 2024 totaled €36.0m, up +18% compared with June 30, 2023. System orders, amounted to €30.2m (+27%), based on 12 machines, including 7 production machines. Orders for services and accessories (€5.8m) are down -14%.
    This order book does not include the order announced in August 2024 for 1 research machine.

    Outlook

    Given the current orders scheduled for delivery in 2024 and the opportunities for its systems, services and accessories, RIBER expects full-year revenues exceeding €40m, along with further improvements in earnings.

    In a semiconductor market driven by innovation, the company expects new orders in the fourth quarter.

    Next date: 2024 third-quarter revenues on October 30, 2024, before start of trading.

    The condensed consolidated half-year accounts have not been subject to an audit or a limited review by the statutory auditors. They were approved by the Board of Directors on September 24, 2024. The half-year financial report is available in French on the company website (www.riber.com).

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry, and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels.
    Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductor systems that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing.

    RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER : Annie Geoffroy| tel: +33 (0)1 39 96 65 00 | invest@riber.com

    CALYPTUS : Cyril Combe | tel: +33 (0)1 53 65 68 68 | cyril.combe@calyptus.net

    Attachment

    • CP_Riber-résultats_S1_2024_E_def

    The MIL Network –

    September 29, 2024
  • MIL-OSI: NBPE Announces August Monthly NAV Estimate

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces August Monthly NAV Estimate

    25 September 2024

    NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 August 2024 monthly NAV estimate.

    NAV Highlights (31 August 2024)

    • NAV per share was $27.44 (£20.88), a total return of 0.1% in the month
    • Performance driven by 1.4% quarterly uplift in private company valuations (ex-FX), offset by negative FX adjustments of 0.2%
    • Year to date NAV TR of 1.2%
    • $73 million invested in new and follow on investments year to date
    • $390 million of available liquidity at 31 August 2024
    • 2H 2024 dividend of $0.47 paid on 30 August 2024
    • Annualised dividend yield at  31 August 2024 NAV of 3.4%; annualised share price yield is 4.5% based on the closing share price of £15.92 on 31 August 2024
    As of 31 August 2024 YTD 1 Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised
    1.2% 1.7% 6.8%
    2.2%
    72.8%
    11.6%
    177.1%
    10.7%
    MSCI World TR (USD)*
    Annualised
    17.1% 25.0% 23.8%
    7.4%
    89.7%
    13.7%
    162.9%
    10.1%
    Share price TR (GBP)*
    Annualised
    (0.3%) 8.1% 12.0%
    3.8%
    77.1%
    12.1%
    263.0%
    13.8%
    FTSE All-Share TR (GBP)*
    Annualised
    11.3% 17.0% 24.4%
    7.5%
    37.9%
    6.6%
    80.9%
    6.1%

    *Reflects cumulative returns over the time periods shown and are not annualised.

    Portfolio Update to 31 August 2024

    Following the 1H private portfolio valuation increases, movements in public holdings and FX in July and August, NBPE’s NAV TR year to date was 1.2%.

    NAV performance during the month driven by:

    • 0.1% NAV increase ($1 million) from postive FX movements
    • 0.5% NAV increase ($7 million) from the value of quoted holdings (which now constitute 7% of portfolio fair value)
    • 0.4% NAV decrease ($5 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability

    Realisations from the portfolio continue in 2024

    • $5 million received during the month and a further $6 million expected in the coming months from the announced realisation of Syniti
    • $158 million of realisations received year to date, driven by Action and previously announced sales of Cotiviti, Melissa & Doug, FV Hospital and Safefleet as well as partial sales of public stock and continued realisations from the legacy income investment portfolio

    $390 million of total liquidity at 31 August 2024

    • $180 million of cash and liquid investments with $210 million of undrawn credit line available

    $73 million invested in 2024 in new and follow-on investments

    • $25 million invested in FDH Aero, a leading parts distributor to the aerospace and defense industry
    • $38 million invested into two U.S. healthcare businesses, Benecon and Zeus
    • $10 million of additional new and follow on investments

    $0.47 semi annual dividend paid on 30 August 2024

    • Bringing total dividends paid to shareholders since 2013 to approximately $360 million

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 31 August 2024 was based on the following information:

    • 7% of the portfolio was valued as of 31 August 2024
      • 7% in public securities
    • 93% of the portfolio was valued as of 30 June 2024
      • 92% in private direct investments
      • 1% in private funds

    For further information, please contact:

    NBPE Investor Relations         +44 (0) 20 3214 9002
    Luke Mason                              NBPrivateMarketsIR@nb.com 

    Kaso Legg Communications   +44 (0)20 3882 6644

    Charles Gorman                        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 31 August 2024)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer                        68.3 5.4%
    Osaic 2019 Reverence Capital Financial Services                        62.7 4.9%
    Solenis 2021 Platinum Equity Industrials                        58.2 4.6%
    BeyondTrust 2018 Francisco Partners Technology / IT                        42.0 3.3%
    Branded Cities Network 2017 Shamrock Capital Communications / Media                        40.1 3.2%
    Monroe Engineering 2021 AEA Investors Industrials                        38.3 3.0%
    Business Services Company* 2017 Not Disclosed Business Services                        37.2 2.9%
    True Potential 2022 Cinven Financial Services                        35.5 2.8%
    GFL (NYSE: GFL) 2018 BC Partners Business Services                        33.8 2.7%
    Kroll 2020 Further Global / Stone Point Financial Services                        31.4 2.5%
    Marquee Brands 2014 Neuberger Berman Consumer                        30.8 2.4%
    Staples 2017 Sycamore Partners Business Services                        30.7 2.4%
    Constellation Automotive 2019 TDR Capital Business Services                        30.6 2.4%
    Fortna 2017 THL Industrials                        28.7 2.3%
    Viant 2018 JLL Partners Healthcare                        27.2 2.1%
    Stubhub 2020 Neuberger Berman Consumer                        26.6 2.1%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT                        25.6 2.0%
    FDH Aero 2024 Audax Group Industrials                        25.3 2.0%
    Agiliti 2019 THL Healthcare                        25.3 2.0%
    Benecon 2024 TA Associates Healthcare                        25.2 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT                        24.4 1.9%
    Addison Group 2021 Trilantic Capital Partners Business Services                        23.8 1.9%
    USI 2017 KKR Financial Services                        23.2 1.8%
    Auctane 2021 Thoma Bravo Technology / IT                        22.5 1.8%
    AutoStore (OB.AUTO) 2019 THL Industrials                        22.2 1.7%
     

    Excelitas

     

    2022

     

    AEA Investors

     

    Industrials

                           21.9  

    1.7%

    Qpark 2017 KKR Transportation                        21.3 1.7%
    Exact 2019 KKR Technology / IT                        20.0 1.6%
    Renaissance Learning 2018 Francisco Partners Technology / IT                        19.4 1.5%
    Bylight 2017 Sagewind Partners Technology / IT                        18.6 1.5%
    Total Top 30 Investments                            $940.8 74.0%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 77%
    Europe 22%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 20%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 13%
    Healthcare 8%
    Other 4%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 11%
    2017 19%
    2018 15%
    2019 14%
    2020 12%
    2021 17%
    2022 5%
    2023 2%
    2024 5%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $481 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of June 30, 2024.


    1Based on net asset value.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    Attachments

    • August 2024 NBPE FactsheetvF
    • NBPE Investor Presentation – September vF

    The MIL Network –

    September 29, 2024
  • MIL-OSI: ASUS Announces its Zenbook S 14 (UX5406) Powered by the New Intel® Core™ Ultra Processor (Series 2) is Now Available in Canada

    Source: GlobeNewswire (MIL-OSI)

    KEY POINTS

    • A blend of art and tech: Functional aesthetics, using Ceraluminum™ and CNC milling to craft a 1.1 cm ultrathin chassis with a distinctive geometric grille design
    • Zenbook does more: Up to latest AI-powered Intel® Core™ Ultra 7 processor (Series 2); Copilot key; enlarged 16:10 seamless touchpad with smart gestures
    • Impressive audiovisuals: 14″ 3K 120Hz ASUS Lumina OLED display and advanced four-speaker audio system provide a genuine theater-like experience
    • Quiet and secure: Efficient, distraction-free performance with <25dB ambient cooling; Microsoft Pluton security, face login, and Windows passkeys

    TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) — ASUS today announced that the all-new Zenbook S 14 (UX5406) is now available in-store and online in Canada on the ASUS Store, Best Buy, and later in December in selected retailers. Zenbook S 14 is one of the thinnest and most portable 14-inch ASUS Copilot+ PC on the market, blending performance with sophistication. The premium Zenbook S 14 showcases a new functional aesthetic and has been completely redesigned inside and out. The chassis features the new, innovative ASUS Ceraluminum™, a high-tech ceramic hybrid material available in a range of nature-inspired colors.

    A blend of art and tech

    Zenbook S 14, newly designed with a functional aesthetic, incorporates the innovative ASUS Ceraluminum material, providing both durability and a sleek design. After four years of refining the colors, texture, and hardness of this material, the results are outstanding. Utilizing cutting-edge CNC technology, Zenbook S 14 achieves a remarkable thinness of just 1.1cm while housing advanced components, including an advanced vapor-chamber cooling system. It’s the only laptop combining such sleekness and functionality and is our thinnest and most compact 14-inch laptop, emphasizing our commitment to top-notch performance and portability. CNC machining also creates the exclusive geometric grille design above the keyboard and the enlarged touchpad area. The laptop is available in two nature-inspired shades — Zumaia Gray and Scandinavian White.

    Zenbook does more

    Zenbook S 14 offers next-generation AI capabilities in an ultrathin form factor. It’s equipped with up to the latest Intel Core Ultra 7 processor (Series 2) with system-on-chip (SoC) design. The SoC design reduces motherboard size by 27%1 to increase overall cooling efficiency and integrates premium low-power LPDDR5X DRAM into a compact package. This second factor shortens the distance between the CPU and memory, enabling higher bandwidth and lower latency ― ensuring improved stability and higher performance. With up to 32GB of fast RAM, and a 1TB PCIe® 4.0 SSD, the processor features a TDP of up to 28 watts and a built-in NPU delivering up to 47 NPU TOPS for modern AI applications, ensuring the 72Wh battery provides all-day autonomy. The user experience is seamless and intuitive, with a dedicated Windows Copilot key on the ASUS ErgoSense keyboard for instant Windows AI assistance and an enlarged touchpad matching the screen’s 16:10 aspect ratio. This enhances comfort and ease of use, allowing quick adjustments of audio volume, screen brightness and more via smart gestures. The ultra-compact Zenbook S 14 features a full set of I/O ports, including two Thunderbolt™ 4, a USB 3.2 Gen 2 Type-A, HDMI® 2.1, and an audio combo jack. WiFi 7 with ASUS WiFi Master Premium certification ensures the fastest, most reliable connections.

    Engaging audiovisuals

    The 3K 120Hz ASUS Lumina OLED display is Pantone® Validated and DisplayHDR™ True Black 500 certified. It delivers lifelike visuals with outstanding color and HDR performance, including a 100% DCI-P3 gamut to ensure vivid colors. Zenbook S 14 features a powerful four-speaker Harman Kardon-certified audio system, a remarkable engineering feat in such a thin device. It provides full-range multi-dimensional Dolby Atmos® sound, offering a truly immersive and lifelike audiovisual experience.

    Quiet and secure

    Zenbook S 14 prioritizes noise reduction with an advanced ultra-slim vapor-chamber cooling system featuring dual IceBlade fans, allowing an under-25dB ambient cooling mode while enabling up to 28W TDP performance, when needed. The geometric grille above the keyboard maximizes airflow and minimizes dust or dirt ingress. User privacy and security are paramount, supported by Windows passkeys and Microsoft Pluton, which integrates hardware, firmware, and software to defend against evolving threats. Windows Hello facial recognition ensures secure access without needing to remember passwords. The ASUS AiSense IR camera enables Adaptive Lock, which monitors user presence and locks the laptop when the user moves away, and Adaptive Dimming enhances privacy by dimming the screen when the user looks away.

    AVAILABILITY & PRICING

    The ASUS Zenbook S 14 is now available instore and online starting from September 24th in Canada.

    The Zenbook S 14 with an Intel Core Ultra 5 processor 226V, 16 Gb LPDDR5X-8533 RAM and 1 TB of storage is available starting from CA$1,799 in exclusivity on the ASUS Store and Best Buy.

    The Zenbook S 14 with an Intel Core Ultra 7 processor 258V, 32 GB LPDDR5X-8533 RAM and 1 TB of storage is available for CA$2,199 in exclusivity on the ASUS Store and Best Buy.

    Another configuration with an Intel Core Ultra 7 processor 256V, 16 GB LPDDR5X-8533 RAM and 1 TB storage will be available starting from December 2024, starting from CA$1,999 on the ASUS Store and selected retailers.

    Please contact your local ASUS representative for further information.

    NOTES TO EDITORS

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

    Zenbook S 14 Product Page: https://asus.com/ca-en/Laptops/For-Home/All-series/ASUS-Zenbook-S-14-UX5406

    Zenbook S 14 ASUS Store: https://shop.asus.com/ca-en/asus-zenbook-s-14-ux5406.html

    Zenbook S 14 Best Buy (Intel Core Ultra 5): https://www.bestbuy.ca/en-ca/product/asus-zenbook-s-14-touchscreen-2-in-1-laptop-zumaia-grey-intel-core-ultra-5-16gb-ram-1tb-ssd-win-11/18389565

    ASUS Zenbook S 14 Best Buy (Intel Core Ultra 7): https://www.bestbuy.ca/en-ca/product/asus-zenbook-s-14-14-touchscreen-2-in-1-laptop-zumaia-grey-intel-core-ultra-7-32gb-ram-1tb-ssd-win-11/18389564

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

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

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

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

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

    SPECIFICATIONS2

    ASUS Zenbook S 14 (UX5406)    
    Model  Zenbook S 14

    UX5406SA-BH71T-CB

    Zenbook S 14

    UX5406SA-DH71T-CB

    Zenbook S 14

    UX5406SA-BH51T-CB

    CPU  Intel® Core™ Ultra 7 processor 258V Intel® Core™ Ultra 7 processor 256V Intel® Core™ Ultra 5 processor 226V
    Display  14″, 3K (2880 x 1800) OLED Touch display, 16:10 aspect ratio, 120Hz refresh rate, 400 nits, up to 500 nits HDR peak brightness, 100% DCI-P3 color gamut, 1,000,000:1, DisplayHDR™ True Black 500 certified, Pantone® Validated, 70% less harmful blue light, TÜV Rheinland-certified, 90% screen-to-body ratio, With stylus support
    Operating system  Windows 11 Home
    Graphics  Intel® Arc™ Graphics            
    Main memory  32 GB LPDDR5X on board 16 GB LPDDR5X on board 16 GB LPDDR5X on board
    Storage  1TB M.2 NVMe® PCIe® 4.0 SSD
    Connectivity  WiFi 7 (802.11be)

    Bluetooth® 5.4

    Camera  AiSense FHD IR camera w/ ACS
    I/O ports  1 x USB 3.2 Gen 2 Type-A

    2 x Thunderbolt™ 4 supports display / power delivery

    1 x HDMI® 2.1 TMDS

    1 x 3.5mm Combo Audio Jack

    Touchpad  Enlarged touchpad (127 x 79mm) with Smart Gesture support
    Audio  4 built-in speakers

    2 built-in array microphones

    Harman Kardon certified

    Battery  72Wh
    AC adapter  65W AC Adapter

    Output: 20V DC, 3.25A, 65W

    Input: 100-240V AC 50 / 60Hz universal

    Dimensions  31.03 x 21.47 x 1.19 ~ 1.29cm (12.22″ x 8.45″ x 0.47″ ~ 0.51″)
    Weight  1.2kg3
    Color  Zumaia Gray Zumaia Gray Zumaia Gray
    Price  CA$2,199 CA$1,999 CA$1,799
    Where to Buy  ASUS Store

    Best Buy

    Available in December ASUS Store

    Best Buy


    About ASUS

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

    FORTUNE and FORTUNE World’s Most Admired Companies are registered trademarks of FORTUNE Media IP Limited and are used under license


    1 Compared to a similar 14-inch laptop (UX3405).
    2 Specifications, content and product availability are all subject to change without notice and may differ from country to country. Actual performance may vary depending on applications, usage, environment and other factors. Full specifications are available at http://www.asus.com
    3 Weight may vary according to specifications.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ba8bbc3e-b00b-41b8-b62b-1ee333fe3fe7

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Devon Energy Schedules Third-Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, Sept. 24, 2024 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2024 results on Tuesday, Nov. 5, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2024 results will be available on the company’s website at www.devonenergy.com.

    On Wednesday, Nov. 6, the company will hold a conference call at 10 a.m. CST (11 a.m. EST), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call.

    ABOUT DEVON ENERGY

    Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

    Investor Contacts                        
    Rosy Zuklic, 405-552-7802                        
    Chris Carr, 405-228-2496
      Media Contact
    Michelle Hindmarch, 405-552-7460

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

    September 29, 2024
  • MIL-OSI United Kingdom: New laws to be introduced to crack down on fraud

    Source: United Kingdom – Executive Government & Departments

    The government will bring forward a new Fraud, Error and Debt Bill in this parliamentary session to crack down on fraud in the social security system.

    • Fraud, Error and Debt Bill brought forward to tackle fraud in social security system
    • New laws to give DWP more powers to catch fraudsters faster and prevent customers from getting into debt sooner
    • Bill to include measures to protect vulnerable customers and ensure support goes to those who need it most

    The Bill is expected to save £1.6 billion over the next five years and will extend and modernise DWP’s powers to stop fraud in its tracks, recover money lost to fraud and protect vulnerable customers from racking up debt.

    Fraud and error in the social security system currently costs the taxpayer almost £10 billion a year and since the pandemic a total of £35 billion of taxpayers’ money has been taken away from those who need it most. 

    The nature of fraud has also become more sophisticated, meaning without new legal powers, DWP cannot properly keep pace with the changing nature of fraud to tackle it robustly enough.

    This legislation will give DWP powers to:

    • Better investigate suspected fraud and new powers of search and seizure so DWP can take greater control investigations into criminal gangs defrauding the taxpayer.
    • Allow DWP to recover debts from individuals who can pay money back but have avoided doing so, bringing greater fairness to debt recoveries.
    • Require banks and financial institutions to share data that may show indications of potential benefit overpayments 

    The Bill will also include safeguarding measures to protect vulnerable customers. Staff will be trained to the highest standards on the appropriate use of any new powers, and we will introduce new oversight and reporting mechanisms, to monitor these new powers. DWP will not have access to people’s bank accounts and will not share their personal information with third parties. 

    We will also bring forward a Code of Practice which will be consulted on during the passage of the Bill to provide further assurance on the safe use of the powers. 

    This legislation delivers on the government’s manifesto commitment to safeguard taxpayers’ money and demonstrates the government’s commitment to not tolerate fraud, error or waste anywhere in public services, including the social security system. 

    Further details on the scope of the legislation will be set out when the Bill is introduced.

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    Updates to this page

    Published 24 September 2024

    MIL OSI United Kingdom –

    September 29, 2024
  • MIL-OSI Russia: High-Level Retreat in New Hampshire as part of Bretton Woods at 80 Initiative

    Source: IMF – News in Russian

    September 24, 2024

    WASHINGTON  – As part of the previously announced Bretton Woods at 80 Initiative, the IMF and the World Bank Group are hosting a high-level retreat at Bretton Woods, New Hampshire, on September 26‒27, 2024.

    This two-day Chatham House Rules event will bring together a small and diverse group of global thinkers—including individuals prominent in the fields of history, international relations, political science, finance, and business—at the location of the 1944 United Nations Monetary and Financial Conference (the “Bretton Woods Conference”).

    The three External Advisors to the Bretton Woods at 80 Initiative, Patrick Achi, Sri Mulyani Indrawati, and Mark Malloch-Brown, will help guide the discussions.

    Senior management and staff from both the Bank and the Fund will be in attendance, including President Ajay Banga and Managing Director Kristalina Georgieva.

    The purpose of the retreat is to facilitate a discussion on the shape of the world economy 20‒30 years from now, how multilateralism may evolve, and how the Bank and Fund can best continue to support stability and progress on a livable planet.

    This retreat is part of an ongoing series of consultations with IMF and World Bank stakeholders that will continue to be led by the External Advisors at events and engagements over the coming months.

     

     

    Contacts:

    For the IMF: Pavis Devahasadin, media@imf.org

    For the World Bank: David M. Theis, dtheis@worldbankgroup.org

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/09/23/pr24341-high-level-retreat-in-new-hampshire-as-part-of-bretton-woods-at-80-initiative

    MIL OSI

    MIL OSI Russia News –

    September 29, 2024
  • MIL-OSI USA: U.S. Rep. Castor: Amtrak’s Floridian Route Brings Comfortable, Convenient, Sustainable Travel Option from Tampa Bay to Chicago

    Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

    TAMPA, FL – Today, U.S. Rep. Kathy Castor (FL-14) celebrated Amtrak’s opening of a new route offering daily direct round-trip travel between Chicago and Miami with a stop in Tampa. The Floridian combines Amtrak’s Capitol Limited and Silver Star routes to offer travelers an enhanced travel experience for a limited time starting Sunday, November 10.

    “The launch of the Floridian is welcome news for Tampa Bay travelers who need options as our economy grows,” said Rep. Castor. “This exciting new route will help Amtrak modernize its infrastructure while continuing to provide exceptional service to passengers.”

    Castor led the effort to include Tampa’s Union Station as a stop along the route after it was bypassed in the original proposed route, writing to Federal Railroad Administrator Amit Bose to encourage the Tampa Bay region’s inclusion in the final route.

    The Floridian (Trains 40 & 41) will operate on a similar schedule and make the current stops of the Capitol Limited (Trains 29 & 30) between Chicago and Washington, D.C., and the Silver Star (Trains 91 & 92) between Miami and Washington, D.C.

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Translation: Blockchain: new online training for businesses

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    The State of Geneva is launching a new online training course for companies to enable them to better understand and identify blockchain opportunities. This new training course complements existing courses on artificial intelligence, cyber risks and RNE. These online courses are freely accessible and free of charge.

    This new online course around the blockchain presents the functioning of this technology, its usefulness and its potential applications within a company, particularly in the context of cryptocurrencies but also beyond.

    It is part of the training catalogue offered by the Department of Economy and Employment (DEE). These online courses include videos and testimonials in an offbeat tone in order to stimulate reflection and make the material easily accessible to everyone. The content of these training courses was developed by the cantonal office of economy and innovation (OCEI) with the help of specialists from the academic world. It is essential for Geneva companies to seize the opportunities offered by the evolution of digital technology in order to better understand the risks and potential of these technologies.

    These new online courses, also called MOOCs – “Massive Open Online Course” – last 25 minutes each.

    To access training modules and other content:

    Online training: Other resources:

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

    MIL Translation OSI

    September 29, 2024
  • MIL-OSI Security: Two Bucks County Men Convicted at Trial in Connection with Multiple Fraud Schemes

    Source: Federal Bureau of Investigation FBI Crime News (b)

    PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Alan Kane, 59, of Jamison, Pennsylvania, and Derrell Johnson, 42, of Bensalem, Pa., were convicted Friday at trial for their actions linked to multiple fraud schemes.

    A federal jury convicted Kane, an attorney, on two counts of bankruptcy fraud, one count of filing a false claim in a bankruptcy proceeding, and one count of making a false statement to the FBI.

    Johnson was convicted on two counts of making a false statement to the FBI.

    In January of this year, they and codefendant Jonathan Barger, 55, of Huntingdon Valley, Pa., the owner of a local plating company, were charged in a 12-count indictment that laid out three different fraud schemes: (1) a scheme to steal a house from a dead man’s family; (2) a scheme to defraud the City of Philadelphia out of property taxes that were due on the stolen house; and (3) a scheme to defraud Barger’s creditors through bankruptcy. Barger was implicated in all three schemes and pleaded guilty in June to all counts with which he was charged.

    In a suit filed by the family to get their house back, Kane represented the party who had stolen the house, Joseph Ruggiero[1], and made repeated false statements supporting Ruggiero’s claim to good title, despite knowing that the deeds transferring the property away from the family were fraudulent. Kane also filed a false counterclaim against the family, claiming Barger’s company was entitled to more than $133,000 for work purportedly done to improve the house after it had been stolen.

    After claiming in the state court suit that Ruggiero had good title to the house, Kane represented Ruggiero before the Social Security Administration and represented that Ruggiero did not own the house because the deeds were fraudulent. This was done to ensure Ruggiero would still receive SSI benefits.

    Kane next filed a bankruptcy for Ruggiero, in which they claimed that Ruggiero had valid title to the house. The bankruptcy served to stay the family’s state court suit and prevent them from winning back the house. Kane then filed a false claim against Ruggiero in the bankruptcy, on behalf of Barger’s company, in an effort to steal some of the equity in the house for Barger in the event that Ruggiero lost the house to the family.

    Johnson had helped with the preparation and filing of two fraudulent deeds used to steal the house, and also helped with the filing of a false claim with the City of Philadelphia to avoid a large tax bill that was due on the house. Johnson was paid with two checks for his services in helping steal the house and the tax avoidance scam. When Johnson was interviewed by the FBI, he lied, claiming that he didn’t recognize the fraudulent deeds and had nothing to do with the theft of the house. He also claimed the two checks he received were really meant to provide payment to another person.

    Kane and Johnson are scheduled to be sentenced on January 28, 2025. Kane faces a maximum possible sentence of 20 years in prison, three years of supervised release, a $1 million fine, and a $400 special assessment, and Johnson faces a maximum possible sentence of 10 years in prison, three years of supervised release, a $500,000 fine, and $200 special assessment.

    “The fraud schemes in which the defendants were involved differed in their details,” said U.S. Attorney Romero. “But they shared a common goal: scheming, cheating, and lying for illicit financial gain — be it at the expense of a family, a city, or a creditor. We will continue to hold accountable those involved in misappropriating money like this or caught lying to the FBI.”

    “White collar crimes, such as bankruptcy fraud, erode confidence in our financial systems,” said Wayne A. Jacobs, Special Agent in Charge of FBI Philadelphia. “The FBI and our partners remain committed to protecting the integrity of our financial institutions and bringing to justice those who seek to deceive and defraud the public through devious financial schemes.”

    The case was investigated by the FBI and is being prosecuted by Assistant United States Attorney Mark Dubnoff and Special Assistant United States Attorney Hannah McCollum.
     


    [1] Mr. Ruggiero died in June 2020.

    MIL Security OSI –

    September 29, 2024
  • MIL-OSI USA: NEWS: Sanders Releases New Report, PBMs Welcome Lower List Prices for Ozempic and Wegovy

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    WASHINGTON, Sept. 24 – Sen. Bernie Sanders (I-Vt.), Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, today released a new report uncovering how Novo Nordisk, as one health insurance plan described it, is using its “position of power” to “squeeze” plans, and “boost its corporate profits.”
    “Today, Novo Nordisk charges Americans with Type 2 diabetes $969 a month for Ozempic, while this same exact drug can be purchased for just $59 in Germany, $71 in France, $122 in Denmark, and $155 in Canada,” said Sanders. “There is only one reason they can justify charging Americans such outrageous prices for the drugs they need: Excessive corporate greed.”
    Novo Nordisk claims that PBMs and health insurance plans are the reason for high prices for Ozempic and Wegovy, and previously stated that PBMs failed to assure the company that its products would maintain formulary access if it lowered its list prices.
    Today, three major PBMs that help determine drug coverage for most of the nation – Cigna Group/Express Scripts, CVS Health/Caremark, UnitedHealth Group/Optum Rx – confirmed to Chair Sanders that a list price reduction would not negatively impact formulary placement for Ozempic and Wegovy, and affirmed that lower list prices would, in fact, make the drugs more widely available to patients in need.
    Cigna/Express Scripts said: “No, if Novo Nordisk lowered their list price for Ozempic and Wegovy tomorrow to a price that was the same or lower than current net cost, that change by itself would not result in less favorable formulary placement.” To support this claim, the company provided an example: It did not disfavor a competing weight-loss product, Eli Lilly’s Zepbound, even as it launched at a list price 20% lower than Wegovy.
    UnitedHealthGroup/Optum Rx said: “No. Assuming the net price remains the same or lower, lowering a medicine’s list price would not lead to less favorable formulary placement by Optum Rx – particularly for high-demand drugs like Ozempic and Wegovy.
    CVS Health/Caremark said: “The simple answer is no. In fact, we can point to recent history as a proof point. When Novo-Nordisk drastically reduced the price of their insulin, Novolog, in 2023, it did not result in a less favorable formulary placement with Caremark.”
    Novo Nordisk has also justified its astronomical prices by arguing a need to fund future research and development.
    However, since launching Ozempic in 2018, Novo Nordisk has spent twice as much on stock buybacks and dividends ($44 billion) as it has on research and development ($21 billion), according to financial filings.
    Novo Nordisk has also lavished cash and perks on health care providers, sending doctors on trips to Alaska, Hawaii, and Florida and paying for nearly 1.7 million meals and snacks to doctors to promote Ozempic and Wegovy, federal records show.
    The report can be read here.

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Welch Introduces LOCAL Foods Act to Better Support Rural Producers and Communities

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) led Senators Bernie Sanders (I-Vt.) and Cory Booker (D-N.J.) in introducing the Livestock Owned by Communities to Advance Local (LOCAL) Foods Act, legislation to update the Federal Meat Inspection Act of 1906’s (FMIA) ‘Personal-Use Exemption’to better support small-scale meat producers in rural communities. The LOCAL Foods Act would codify current USDA guidance on Personal-Use and Custom Exemptions, allowing consumers to buy live animals from producers and designate agents to handle the slaughter and processing of their meat. 
    The Federal Meat Inspection Act requires all meat in the United States to be inspected by the U.S. Department of Agriculture (USDA). However, the small number of USDA-inspected slaughterhouses creates bottlenecks for producers, especially small-scale producers that have to compete for slaughterhouse time with much larger operations. To address this, the LOCAL Foods Act will amend Personal-Use and Custom Exemptions to allow producers to sell a live animal to a consumer. The consumer will then have the freedom to either hire someone or slaughter and process the meat themselves, helping farmers to avoid bottlenecks to continue providing their communities with locally sourced food. 
    “For generations, Vermonters have depended on their neighbors for locally-grown produce and farm-fresh meat. However, regulations tailored toward large-scale farms have made it harder for smaller farms to sell in their own communities. Keeping our small-scale producers competitive means cutting through red tape to help them compete with companies that have massive operations,” said Senator Welch. “This bill will update federal guidelines to better support Vermont-sized producers, keep our food local, and strengthen our food systems.” 
    In 2013, Vermont adopted an on-farm slaughter law similar to the Food Safety and Inspection Service’s guidelines to allow owners to slaughter their livestock on the farm where it was raised while upholding food safety standards. This law helps reduce costs and emissions from animal transport, alleviate pressure on backlogged slaughterhouses, increase farm viability, and improve animal welfare and food security. However, USDA retains the authority to eliminate Vermont’s on-farm slaughter inspection program if the state fails to meet federal standards. 
    In 2018, the USDA Food Safety and Inspection Service issued updated guidelines to create an avenue for producers to sell their produce locally and without an inspection. This guidance gives livestock owners the option to slaughter livestock themselves, or have an agent slaughter their livestock on the farm where it was raised. This change also allows producers to sell a live animal to a consumer, have it slaughtered on the farm, and then processed at a custom processing facility. Custom processing facilities are inspected periodically, in contrast to round-the-clock inspectors that are present at USDA-certified facilities. 
    The LOCAL Foods Act is endorsed by the Farm Action Fund, Farmers and Ranchers Freedom Alliance, Farm-to-Consumer Defense Fund, Kentucky Black Farmers Association, National Family Farm Coalition, and Rural Vermont. 
    “Updating the personal-use exemption to be based on ownership aligns with current USDA standards and is needed to protect the rights of livestock owners, producers, and itinerant slaughterers to practice on-farm slaughter in accordance with their state regulations,” said Caroline Sherman-Gordon, small farmer and Rural Vermont’s Legislative Director. “Protecting farmers from subjective interpretations of the personal-use exception will protect farmers from unfair sanctions and give the security they need to grow their business.” 
    “The LOCAL Foods Act will reduce both financial and regulatory burdens on small farmers and thereby improve consumers’ access to local foods,” said Judith McGeary, regenerative farmer, lawyer, and Executive Director of the Farmers and Ranchers Freedom Alliance. “So many consumers want to buy from local farmers instead of massive corporations, but the farmers are blocked by regulations written by and for Agribusiness.” 
    “Modernizing the personal-use exception reflects the realities of diverse communities demanding access to local food that honor their traditions,” said Kenya Abraham, member of the Kentucky Black Farmers Association. “We are observing a growing demand to access local producers like me, but we need legislation that gives us an incentive to continue our operations.” 
    “The LOCAL Foods Act protects the rights of farmers and consumers to engage in direct commerce by increasing small livestock farmers’ ability to expand their business, and by allowing consumers to buy meat from local farms instead of industrial meat providers, should they so choose. Essentially, it protects the rights of farmers to sell the products of the farm and the rights of consumers to access the foods of their choice from the source of their choice, achieving the kind of food freedom so many demand for themselves, their families, and their communities,” said Christine Dzujna, Farm-to-Consumer Defense Fund’s Policy Manager. 
    “Securing the independence of farmers and consumers is key to building a healthy food system in the Country,” said Antonio Tovar, Senior Policy Associate at the National Family Farm Coalition. “The fact that consumers are effectively forced to access their food from corporations has made us vulnerable to a weak and unreliable market. The LOCAL Foods Act offers a real opportunity to start building food sovereignty.” 
    Learn more about the LOCAL Foods Act. 
    Read the full text of the bill. 

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI United Kingdom: GB Energy giving more questions than answers for Aberdeen

    Source: Scottish Greens

    24 Sep 2024 Climate

    GB Energy must work in the public interest, not simply as a way to line private pockets

    More in Climate

    The UK government’s plans for GB Energy are leaving more questions than answers says Scottish Green MSP Maggie Chapman, this follows confirmation from Sir Keir Starmer that it will be based in Aberdeen.

    Aberdeen has a unique role to play in driving our transition to a greener future, added Ms Chapman, who represents North East Scotland, including Aberdeen.

    Ms Chapman has called for greater collaboration between the Labour Government and the MSPs who represent the region, to ensure GB Energy lives up to the challenge of our climate crisis.

    Ms Chapman said: “If done properly, GB Energy could present an important opportunity for Aberdeen – with new jobs, investment, a focus away from the legacy of oil and gas. 

    “We want to be optimistic, but a lot of us are concerned that this will become an investor’s playpen, rather than a genuine driver of new renewables projects.

    “So far the UK government’s statement raises many more questions than answers.

    “It is time for Labour to be clear about its ambitions for this project, and what it will look like. GB Energy should be an organisation that resources the energy sector’s move towards genuine renewable energy, not an excuse for more warm words on oil, gas and nuclear.
     
    “An energy transition without justice for workers and affected communities is the last thing we need. Aberdeen has a unique role to play in driving forward our just transition. It can be the engine that drives the climate action and green economy that are so vital.

    “The UK Government must ensure that GB Energy works for public interests in the region and the sector, and is not simply a way to line private pockets. 

    “I would welcome greater collaboration between the Labour Government and the MSPs who represent the region, to ensure GB Energy lives up to the challenge of our climate crisis.”

    MIL OSI United Kingdom –

    September 29, 2024
  • MIL-OSI Russia: High-Level Retreat in New Hampshire as part of Bretton Woods at 80 Initiative

    MIL OSI Translation. Region: Russian Federation –

    Source: IMF – News in English

    September 24, 2024

    WASHINGTON – As part of the previously announced Bretton Woods at 80 Initiative, the IMF and the World Bank Group are hosting a high-level retreat at Bretton Woods, New Hampshire, on September 26‒27, 2024.

    This two-day Chatham House Rules event will bring together a small and diverse group of global thinkers—including individuals prominent in the fields of history, international relations, political science, finance, and business—at the location of the 1944 United Nations Monetary and Financial Conference (the “Bretton Woods Conference”).

    The three External Advisors to the Bretton Woods at 80 Initiative, Patrick Achi, Sri Mulyani Indrawati, and Mark Malloch-Brown, will help guide the discussions.

    Senior management and staff from both the Bank and the Fund will be in attendance, including President Ajay Banga and Managing Director Kristalina Georgieva.

    The purpose of the retreat is to facilitate a discussion on the shape of the world economy 20‒30 years from now, how multilateralism may evolve, and how the Bank and Fund can best continue to support stability and progress on a livable planet.

    This retreat is part of an ongoing series of consultations with IMF and World Bank stakeholders that will continue to be led by the External Advisors at events and engagements over the coming months.

     

     

    Contacts:

    For the IMF: Pavis Devahasadin,media@imf.org

    For the World Bank: David M. Theis,dteis@worldbankgroup.org

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/09/23/pr24341-high-level-retreat-in-new-hampshire-as-part-of-bretton-woods-at-80- initiative

    MIL OSI

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

    MIL OSI Russia News –

    September 29, 2024
  • MIL-OSI United Nations: Readout of the Secretary-General’s meeting with H.E. Mr. Luiz Inácio Lula da Silva, President of the Federative Republic of Brazil

    Source: United Nations secretary general

    The Secretary-General met with H.E. Mr. Luiz Inácio Lula da Silva, President of the Federative Republic of Brazil.  They talked about Brazil’s presidency of the G20 and COP 30, as well as the implementation of the Pact for the Future.  The Secretary-General and the President agreed on the pressing need to reform the global governance institutions, including the international financial architecture.  They further discussed global and regional issues, including the situation in Haiti, Ukraine, and the Middle East.

    MIL OSI United Nations News –

    September 29, 2024
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