Category: Economy

  • MIL-OSI United Kingdom: £740 million allocated for 10,000 new places for pupils with SEND

    Source: United Kingdom – Executive Government & Departments

    Press release

    £740 million allocated for 10,000 new places for pupils with SEND

    New SEND places to create more inclusive classrooms in mainstream schools, delivering on Plan for Change to break down barriers to opportunity.

    More children and young people will be supported to achieve and thrive in their local school, as the government today announces that 10,000 new school places will be funded for children with SEND, delivering on Plan for Change.  

    £740 million is being invested by the government to deliver adaptations, expand specialist units in mainstream as well as create new places in special schools – enabling more children to succeed at a school close to their homes and families.  

    Fewer than one in 10 mainstream schools have SEN units or resourced provision – specialist facilities which provide more intensive support for pupils with SEND.  

    Between 2010 to 2024, the number of children with EHCPs or their previous equivalent being educated in independent special schools increased from 7,000 to 26,000 – while the latest data released today shows an escalating gap of 8,000 places in state special schools. 

    The funding can be used to ensure an inclusive environment in which all pupils can be supported, for example by creating breakout spaces where children can go to self-regulate or investing in assistive technology.  

    This comes alongside a significant £1 billion investment to fund 44,500 places in mainstream schools needed by 2028, helping meet current and future demand across the country. 

    Bridget Phillipson, Education Secretary, said:

    As part of our Plan for Change, we want every family to have access to a good local school for their child, breaking the link between children’s background and their opportunities in life. 

    This investment is a big step towards delivering not only enough school places, but the right school places, supporting all children and particularly those with SEND, and plugging the significant gaps in provision we inherited. 

    This investment will give children with SEND the support they need to thrive, marking the start of a turning point for families who have been fighting to improve their children’s outcomes.

    Barking and Dagenham London Borough Council had a shortage of specialist classrooms in local mainstream schools for pupils with SEND, forcing them to attend schools far from home for the right support. 

    After a 10-year expansion strategy, almost half of all schools in the area have resourced provision which has improved outcomes for young people and kept them educated locally with their peers and in their communities.  

    Recent analysis suggests that at least 15,000 more children and young people could have their needs met in such specialist provision in mainstream schools in an improved SEND system. 

    Marie Ziane, Headteacher at Becontree Primary School, Dagenham, said:

    At Becontree Primary School, all of our work stems from a shared belief and understanding that all children have learning, well-being and safeguarding needs.

    Capital funding, alongside support from the Local Authority, has been an essential part of realising our school’s vision for truly inclusive practice.

    The modification and creative use of existing spaces has had a significant impact on the learning, engagement and integration of children with Autism who attend our Additional Resource Provision, as well as having a huge impact on the learning and understanding of all members of our school community.

    The announcement comes as new data shows the urgent need to reform the SEND system, to save families from a gap in support potentially stretching to tens of thousands of places.  

    Sarah Clarke and Jo Harrison, Directors and Co-Chairs for the National Network of Parent Carer Forums C.I.C, said:

    The NNPCF welcomes the government’s commitment of £740 million in capital funding for the 2025–26 financial year to support the creation of school places for children and young people with SEND.

    For too long, families have faced limited options and long waits for appropriate support. Creating more inclusive environments—where children and young people with special educational needs can thrive alongside their peers—is a positive step forward.

    We look forward to continued collaboration with the Department for Education to ensure that parent carers’ voices remain central to the development and implementation of these plans. We also hope that local authorities will work closely with their local Parent Carer Forums to ensure the lived experience and voices of parent carers are at the heart of local delivery.

    The reform to the SEND system will look to ensure that children’s needs are identified and met earlier; and that early years and staff in mainstream settings across the country are equipped and supported to be inclusive of all children.

    School-based early education – which the government is championing through its commitment to create thousands of new school-based nurseries – tends to have a higher proportion of children with special educational needs than other settings.

    And in line with new guidance published today, over the coming years local authorities can use their capital funding for children with SEND to create places in local, mainstream schools – putting an end to the desperate battle to find a place that meets families’ needs. 

    Iveson Primary School in Leeds, Yorkshire, has integrated a resourced provision, which helps pupils with SEND to build skills in a supportive and flexible environment – developing their confidence and fostering inclusion with the wider school, so all children can flourish.  

    Hayley Marshall, Headteacher at Iveson Primary School, said: 

    Opening The Aviary, a resourced provision, at Iveson Primary has had a significant positive impact for the whole school community, enabling us to provide specialist facilities with a high-quality, adapted curriculum for pupils with SEND, alongside our mainstream provision. This fosters integration and inclusion and supports children to thrive and feel confident in school alongside their peers. 

    Adapted to suit individual pupils’ needs and interests, provision in The Aviary includes life skills and social skills and enables children to access mainstream classes while also receiving specialist support. Parents welcome the flexibility of the provision and the positive impact this has had on their children’s social, emotional and academic progress.

    Raising school standards is at the heart of the government’s mission to improve children’s life chances, and making sure pupils and staff have access to high-quality and sustainable buildings are a key part of that.  

    The 54,500 new places will help deliver on the government’s Plan for Change commitment to make sure every family has access to a good local school place for their child no matter their ability, background or where they live. 

    The department has also announced today the details of a £2.1 billion investment for the 2025-26 financial year to improve the condition of the school and sixth-form college estate in England – almost £300 million more than 2024-25.  The funding will ensure schools can continue to invest in essential maintenance projects such as replacing roofs, windows and heating systems. 

    Amanda Allard, Director at the Council for Disabled Children, National Children’s Bureau, said:

    We welcome the announcement on how this investment can be used and the focus on Local Authorities supporting schools to ensure that disabled children and young people, and those with special educational needs, can have their needs met in inclusive local schools.

    We know from our work with local areas, and through the What Works in SEND programme, that there is some very effective practice across the country, and we encourage local areas to share and learn from this as they develop inclusive provision which enables children and young people to learn, develop friendships and be part of their community.

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Investing in California’s creative economy: Governor Newsom welcomes Vogue World event to Hollywood

    Source: US State of California 2

    Mar 26, 2025

    Highlights California’s economic investments in creative economy, LA’s recovery

    What you need to know: Governor Newsom today joined Anna Wintour to welcome the Vogue World event to Hollywood, promoting the state’s proposal to more than double California’s Film and Television Tax Credit Program. 

    HOLLYWOOD – Governor Newsom today joined Vogue for the announcement of this year’s Vogue World event, which will be hosted in Hollywood this October. At Vogue’s press event, Governor Newsom joined Anna Wintour, Vogue Editor-in-Chief and Global Chief Content Editor of Conde Nast, to promote the upcoming event, highlighting the state’s world-leading creative economy – which creates 220,000 jobs – and the Governor’s proposal to more than double the California Film and Television Tax Credit Program.

    “California is the entertainment capital of the world – and we’re committed to ensuring we stay that way. Fashion and film go hand in hand, helping to express characters, capture eras in time, and reflect cultural movements. We’re honored to welcome Vogue World Hollywood to the Golden State to help us spotlight California’s creative economy and the thousands of talented workers and businesses who support it.”

    Governor Gavin Newsom

    “Vogue World: Hollywood will be a one-night-only show with a huge cast of models and actors, dancers, musicians and surprises, and it will set great film costumes next to brilliant fashion collections… By mixing fashion with the arts and culture in the center of a city, and by raising funds for a cause, Vogue World has become a runway show-as-rallying cry, a way to fix the attention of a huge global audience, to bring awareness, and sound an unmistakable note of positivity, creativity, and hope.”

    Anna Wintour

    Lights, cameras, jobs! 

    Since its inception in 2009, California’s Film & Television Tax Credit Program has generated over $26 billion in economic activity and supported more than 197,000 cast and crew jobs across the state, strengthening the vital link between California’s communities and the iconic film and TV industry. A study of the program found that, for every tax credit dollar approved, it generated at least $24.40 in output, $16.14 in GDP, $8.60 in wages, and $1.07 in initial state and local tax revenue from production in the state. 

    However, the program has been oversubscribed year after year, with more productions applying than can be accommodated under the current cap. Between 2020 and 2024, data shows California lost production spending due to limited tax credit funding and increased competition in other states and countries, directly impacting state jobs and local economies​​.

    In recent years, projects that were unable to secure California’s tax credits and moved to other locations as a result contributed to significant economic losses, with California losing 71% of production spending by these rejected projects subsequently filming out-of-state.

    The Governor’s proposal to expand California’s Film & Television Tax Credit Program to $750 million annually, a massive increase from the current $330 million annual allocation, would position California as one of the top states for capped film incentive programs.

    California is a creative economy powerhouse

    As one of the strategic sectors outlined in the recently launched California Jobs First Economic Blueprint, the creative economy has deep roots in California’s history and continues to be an engine for innovation, cultural expression, and economic growth.

    • In 2023, California was home to 220,000 creative economy jobs, one in every four creative economy jobs in the U.S.
    • The average salary paid to creative workers in 2023 was $160,000, more than 50% higher than the California average.

    And while the Los Angeles region leads the way in jobs generated by the creative economy, three other regions – Redwood, the Bay Area, and the Southern Border – also identified film, TV, and the arts as a regional strategic sector.

    Recent news

    News What you need to know: Financial assistance for Los Angeles fire recovery has now surpassed $2 billion, survivors may apply until March 31st, 2025. LOS ANGELES – Building upon California’s ongoing support for disaster survivors and small businesses, Governor…

    News SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of King City Police Department Sergeant Ryan Kenedy: “Jennifer and I mourn alongside the King City community over the sudden passing of Sergeant Kenedy. Our hearts are with his…

    News What you need to know: Since Governor Newsom launched the joint San Bernardino operation in October 2024, the efforts have led to 858 arrests and 66 recovered stolen vehicles. Los Angeles, California – Governor Gavin Newsom today announced the ongoing joint law…

    MIL OSI USA News

  • MIL-OSI USA: Assistance continues to flow to families and businesses as federal aid for LA fires tops $2 billion

    Source: US State of California 2

    Mar 26, 2025

    What you need to know: Financial assistance for Los Angeles fire recovery has now surpassed $2 billion, survivors may apply until March 31st, 2025.

    LOS ANGELES – Building upon California’s ongoing support for disaster survivors and small businesses, Governor Gavin Newsom today announced that aid from the U.S. Small Business Administration (SBA) and Federal Emergency Management Agency (FEMA) has now exceeded $2 billion.

    “This federal disaster aid brings much-needed relief for impacted homeowners, renters, businesses grappling with loss and damage. California is grateful to President Trump and our federal partners for making this recovery a priority.”

    Governor Gavin Newsom

    This financial assistance serves as a vital lifeline for impacted communities and has been rapidly distributed in just over two months since the Los Angeles County wildfires were declared a major disaster by then President Joseph R. Biden.

    Through that disaster declaration, SBA makes low-interest federal disaster loans available to impacted residents and businesses in the impacted regions. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent, or minimize future disaster damage. 

    Disaster assistance by the numbers:

    Federal assistance to eligible homeowners, renters, and businesses, in the form of FEMA grants and low-interest SBA Disaster Loans, has topped $2 billion. That includes: 

    • $200 million in FEMA assistance.

    • $2 billion in home and business loan offers from the SBA, the largest source of federal disaster recovery funds for homeowners, renters, businesses, and certain nonprofits. 

    To date more than 31,636 households have been approved for FEMA funds, including:

    • $24,631,795 in housing assistance for short-term rental assistance and home repair costs.

    • $76,690,832 in other essential disaster-related needs, such as expenses related to medical, dental, and lost personal possessions.

    • $101,322,628 in individual housing program support.

    • 30,563 visits at the two Disaster Recovery Centers that remain open at UCLA Research Park and Altadena Recovery Center.

    The deadline to apply for both FEMA and SBA disaster assistance is March 31, 2025.

    How to apply for FEMA Individual Assistance

    • Online at DisasterAssistance.gov.

    • On the FEMA App.

    • By calling the FEMA Helpline at 800-621-3362. If you use a relay service, give FEMA your number for that service. Assistance is available in multiple languages. Lines are open Sunday–Saturday, from 4 a.m.- 10 p.m. Pacific Time.

    • At a Disaster Recovery Center (DRC). To locate a DRC near you, visit the DRC Locator.

    For an American Sign Language video on how to apply, visit FEMA Accessible: Three Ways to Register for FEMA Disaster Assistance

    Apply for SBA Low-Interest Disaster Loans

    • Online at sba.gov/disaster.

    • By calling SBA’s Customer Service Center hotline at 800-659-2955. People who are deaf, hard of hearing or have a speech disability may dial 711 to access relay services.

    • By emailing DisasterCustomerService@sba.gov.

    • At a Disaster Recovery Center or Business Recovery Center, where you can submit a completed application or SBA representatives can help you apply. To find a BRC near you, go to Appointment.sba.gov.

    • Applications for disaster loans may be submitted online using the MySBA Loan Portal at https://lending.sba.gov or other locally announced locations.

    The application period for both Small Business Administration aid and individual assistance remains open until March 31 and impacted residents are encouraged to apply today. 

    Press Releases, Recent News

    Recent news

    News SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of King City Police Department Sergeant Ryan Kenedy: “Jennifer and I mourn alongside the King City community over the sudden passing of Sergeant Kenedy. Our hearts are with his…

    News What you need to know: Since Governor Newsom launched the joint San Bernardino operation in October 2024, the efforts have led to 858 arrests and 66 recovered stolen vehicles. Los Angeles, California – Governor Gavin Newsom today announced the ongoing joint law…

    News What you need to know: The Governor’s Wildfire and Forest Resilience Task Force released a list of 25 key deliverables to build on the state’s ongoing efforts to protect Californians from increasing threats posed by catastrophic wildfire and a changing climate….

    MIL OSI USA News

  • MIL-OSI: WOO X warns of liquidity squeeze for early-stage tokens amid surge in volatility

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, St. Vincent and the Grenadines, March 27, 2025 (GLOBE NEWSWIRE) — Early-stage tokens are facing a liquidity squeeze as market volatility, driven by US fiscal shifts and global uncertainties, makes it harder for underfunded projects to compete with better-funded ones, according to WOO X Research, the research arm of centralized crypto trading firm WOO X

    To address these challenges, WOO X has launched Swap Spotlight, a new section under ‘Markets’ alongside Spot and Futures. This feature allows CEX users to easily trade early-stage tokens with real-time price quotes from market makers, offering instant execution without the common slippage in DEXes. These tokens are exclusive to Swap Spotlight within WOO X and are not tradable on spot or futures markets. As they gain traction, they may eventually transition into broader markets. 

    Valuable early-stage projects struggle to gain traction due to the liquidity squeeze in today’s volatile market. For example, during the peak of TRUMP, when the token surged over 100x in just a few days, underfunded projects struggled to gain attention, leaving them unable to compete for visibility or liquidity in the market,” said Pat Zhang, Head of Research at WOO X.

    WOO X Swap Spotlight addresses this challenge by giving traders early access to high-potential tokens with guaranteed execution and no slippage. This ensures they don’t miss out on emerging onchain opportunities. At the same time, it provides these projects with increased exposure and early access to liquidity outside of the typical onchain markets.

    What WOO X Swap Spotlight offers is early access to tokens and opportunities before their prices are fully discovered. Since it’s an RFQ (Request for Quote) model, the price is guaranteed—there’s no slippage, and users pay exactly what they see on the screen. To put it in perspective, this is similar to over-the-counter (OTC) trading, where buy or sell orders don’t impact the market price, unlike typical market buys and sells that can cause price fluctuations,” said Bryan Chu, Chief Strategy Officer at WOO X.

    WOO X Swap Spotlight curates a list of promising early-stage tokens, offering exclusive access to these assets. Unlike traditional CEXes where liquidity is often constrained, the tokens featured in Swap Spotlight are supported by real-time price quotes from market makers, allowing users to trade seamlessly. What sets Swap Spotlight apart is its highly curated selection, handpicked by the WOO X Research team, which provides expert insights into high-potential tokens.

    Swap Spotlight is an educational and informational initiative only and does not constitute an endorsement or guarantee of listing on WOO X, nor does it guarantee any financial return. Tokens are selected based on various factors, including community interest, traction, and market trends. Users should conduct their research and exercise caution when making investment decisions.

    Try Swap Spotlight on WOO X for a chance to WIN a share of $20,000!

    To learn more about WOO X, download our app or visit our WOO X

    Contact: media@woo.network

    About WOO X
    WOO X is a global centralized crypto futures and spot trading platform offering the best-in-class liquidity and price execution. WOO X has achieved a daily volume exceeding $1.6 billion and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company’s mission to maintain the trust of its growing community of traders.

    Disclaimer

    The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal advice, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

    Cryptocurrencies involve significant risk and may not be suitable for all investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

    We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies or staking. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    The MIL Network

  • MIL-OSI Economics: Monetary developments in the euro area: February 2025

    Source: European Central Bank

    27 March 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 increased to 4.0% in February 2025 from 3.8% in January, averaging 3.8% in the three months up to February. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 3.5% in February from 2.7% in January. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 2.0% in February from 3.3% in January. The annual growth rate of marketable instruments (M3-M2) increased to 19.8% in February from 17.3% in January.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 2.2 percentage points (up from 1.7 percentage points in January), short-term deposits other than overnight deposits (M2-M1) contributed 0.6 percentage points (down from 1.0 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (up from 1.1 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households stood at 3.4% in February, compared with 3.3% in January, while the annual growth rate of deposits placed by non-financial corporations increased to 3.5% in February from 3.0% in January. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 8.5% in February from 4.6% in January.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in February 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 3.1 percentage points (up from 2.9 percentage points in January), claims on the private sector contributed 2.2 percentage points (up from 2.0 percentage points), claims on general government contributed 0.2 percentage points (up from 0.1 percentage points), longer-term liabilities contributed -1.5 percentage points (as in the previous month), and the remaining counterparts of M3 contributed 0.0 percentage points (down from 0.2 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 1.7% in February 2025, compared with 1.6% in the previous month. The annual growth rate of claims on general government stood at 0.4% in February, compared with 0.3% in January, while the annual growth rate of claims on the private sector increased to 2.3% in February from 2.1% in January.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 2.5% in February from 2.3% in January. Among the borrowing sectors, the annual growth rate of adjusted loans to households increased to 1.5% in February from 1.3% in January, while the annual growth rate of adjusted loans to non-financial corporations increased to 2.2% in February from 2.0% in January.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Economics

  • MIL-Evening Report: Albanese to call election on Friday as Dutton pledges fuel tax relief and national gas plan

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Anthony Albanese is set to announce on Friday that Australians will go to the polls on May 3, after he makes an early morning visit to Governor-General Sam Mostyn.

    The prime minster’s timing means Thursday night’s budget reply from Opposition Leader Peter Dutton will be quickly overshadowed. A day of Senate estimates scrutiny of the budget will be also be scrapped.

    In his budget reply, Dutton announced a raft of proposed spending cuts and several new measures. The one big handout, a year-long halving of the fuel excise rate, had been foreshadowed ahead of the speech.

    Dutton announced a Coalition government would introduce a National Gas Plan to secure a domestic supply of gas, and invest $1 billion in a Critical Gas Infrastructure Fund.

    The gas plan would be aimed at ensuring the local supply, putting downward pressure on prices in the medium term.

    Meanwhile, Dutton’s proposal to cut the excise on petrol and diesel came under sharp attack on Thursday from the government.

    The excise plan is the opposition’s counter to the government’s $17 billion tax cuts announced in Tuesday’s budget, which were rushed through parliament on Wednesday night. Dutton said the “so called tax cut ‘top up’ is simply a tax cut cop-out”.

    Other Coalition initiatives announced by Dutton include a new target of 400,000 apprentices and $400 million for youth mental health.

    A Coalition government would cut Labor’s $20 billion Rewiring the Nation Fund, the $10 Housing Australia Future Fund and the $16 billion production tax credits. It would also reverse the 41,000 increase in Canberra-based public service.

    In his speech, Dutton declared the election was “as much about leadership as it’s about policy”.

    “The choice is clear at the next election,” he said, declaring he would be “a strong leader and a steady hand – just as John Howard was.

    “I will make the tough decisions – not shirk them. I will put the national interest first. I will lead with conviction – not walk both sides of the street.”

    He said he had “real life experience”, pointing to his police force service and time as a small business owner. He was “someone who came from a working-class background and knows the value of hard-work and the aspiration that drives Australians.”

    Dutton declared the Coalition would “provide the moral and political leadership needed to restore law, order, and justice”.

    “Under Labor, you will get the same weakness of leadership that has compounded crime and emboldened antisemitism on our streets,” Dutton said.

    He said that “All too often, this prime minister is too weak, too late, and too equivocal”.

    Homing in on the energy issue, Dutton said “under the Coalition, energy will become affordable and reliable again”.

    He said “the only way to drive down power prices quickly is to ramp-up domestic gas production.

    The Coalition would “prioritise domestic gas supply, address shortfalls, and reduce energy prices for Australians”.

    “We will immediately introduce an east coast gas reservation.

    “This will secure an additional 10% to 20% of the east coast’s demand – gas which would  otherwise be exported.

    “Gas sold on the domestic market will be de-coupled from overseas markets to protect Australia from international price shocks.

    “And this will drive down new wholesale domestic gas prices from over $14 per gigajoule to under 10 per gigajoule.”

    The Coalition’s investment of $1 billion in a Critical Gas Infrastructure Fund would increase gas pipeline and storage capacity,

    “We will put in place ‘use it or lose it’ stipulations for gas drilling companies – so offshore gas fields are not locked-up for years.

    “And we will ensure we will have a fit-for-purpose gas trigger to safeguard supply.

    “This plan will deliver lower wholesale gas prices which will flow through the economy.”

    Dutton said this election was “sliding doors moment for our nation”.

    “A returned Albanese Government in any form won’t just be another three bleak years. Setbacks will be set in stone.”

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

    ref. Albanese to call election on Friday as Dutton pledges fuel tax relief and national gas plan – https://theconversation.com/albanese-to-call-election-on-friday-as-dutton-pledges-fuel-tax-relief-and-national-gas-plan-253241

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Kingdom: Love Portsmouth pop-up shop at Gunwharf Quays extended until June 2025

    Source: City of Portsmouth

    The lease for the Love Portsmouth pop-up shop at Gunwharf Quays has been extended for an additional three months, allowing the shop to remain open until the end of June 2025. Originally planned to operate from January to March 2025, this Portsmouth City Council business support initiative, in partnership with Love Southsea and supported by Landsec, has become a resounding success, attracting enthusiastic shoppers, and benefiting local businesses.

    Since its opening, the shop has provided 28 Portsmouth-based businesses with an exceptional platform to showcase their products. It has also launched exclusive Portsmouth-inspired merchandise by Love Southsea, served as the official shop for Portsmouth Pride 2025 merchandise, and unlocked new supply opportunities for businesses like Tea Mountain.

    Councillor Steve Pitt, Leader of the council with responsibility for Economic Development said:

    “This pop-up shop has proven to be an incredible opportunity to showcase our local small businesses while strengthening our city’s economy. Extending this initiative allows us to build on its momentum and success.”

    Yvonne Clay, Centre Director at Gunwharf Quays: “We’re delighted that the Love Portsmouth pop-up store will be extending its stay at Gunwharf Quays.

    “The store’s success is testament to the talented small businesses that can be found across Portsmouth. By continuing to provide a platform to the Love Portsmouth team, we’re reinforcing our commitment to supporting regional businesses, while continuing to offer our guests a diverse retail line up. We look forward to seeing the continued growth and success of the array of brands on offer in the store.”

    The shop will continue to showcase a curated selection of high-quality goods produced by local Portsmouth businesses including natural skincare by Goly Natural, handcrafted jewellery by Wild Jewellery, quality teas by Tea Mountain, handcrafted luxury candles by Salt and Blossom, sustainable designer fashion by SpottandHerbert, merchandise for Portsmouth Pride 2025 and unique children’s clothing by Little Loves Apparel.

    The shop also features the city’s renowned food and drink producers, including The Portsmouth Distillery Company, Staggeringly Good Brewery, Spice Island Chill, Pastry Corner and Camber Wines.

    An invitation has also been extended to local artists to take part in the Love Portsmouth shop.

    Lulu Whitmore, Director of Love Southsea, said:

    “The Love Portsmouth shop has had an amazing first three months of trading.  We’re thrilled to announce that we’ve been given the opportunity to continue. This means even more opportunities for incredible local creatives to showcase their work. We’ve welcomed so many talented makers already, and this next phase promises to be even bigger and better!”

    Funded through the UK government’s Shared Prosperity Fund, the pop-up shop continues to deliver value to local businesses by:

    • Expanding their reach in Gunwharf Quays’ premium retail environment
    • Elevating brand visibility among broader audiences
    • Providing hands-on retail experience and skills
    • Creating opportunities to connect with regional and national buyers

    The Love Portsmouth shop is open daily from 10:00 AM to 6:00 PM until the end of June 2025.

    For more information visit rediscoverportsmouth.co.uk/love-portsmouth (link to

    The lease for the Love Portsmouth pop-up shop at Gunwharf Quays has been extended for an additional three months, allowing the shop to remain open until the end of June 2025. Originally planned to operate from January to March 2025, this Portsmouth City Council business support initiative, in partnership with Love Southsea and supported by Landsec, has become a resounding success, attracting enthusiastic shoppers, and benefiting local businesses.

    Since its opening, the shop has provided 28 Portsmouth-based businesses with an exceptional platform to showcase their products. It has also launched exclusive Portsmouth-inspired merchandise by Love Southsea, served as the official shop for Portsmouth Pride 2025 merchandise, and unlocked new supply opportunities for businesses like Tea Mountain.

    Councillor Steve Pitt, Leader of the council with responsibility for Economic Development said:

    “This pop-up shop has proven to be an incredible opportunity to showcase our local small businesses while strengthening our city’s economy. Extending this initiative allows us to build on its momentum and success.”

    Yvonne Clay, Centre Director at Gunwharf Quays: “We’re delighted that the Love Portsmouth pop-up store will be extending its stay at Gunwharf Quays.

    “The store’s success is testament to the talented small businesses that can be found across Portsmouth. By continuing to provide a platform to the Love Portsmouth team, we’re reinforcing our commitment to supporting regional businesses, while continuing to offer our guests a diverse retail lineup. We look forward to seeing the continued growth and success of the array of brands on offer in the store.”

    The shop will continue to showcase a curated selection of high-quality goods produced by local Portsmouth businesses including natural skincare by Goly Natural, handcrafted jewellery by Wild Jewellery, quality teas by Tea Mountain, handcrafted luxury candles by Salt and Blossom, sustainable designer fashion by SpottandHerbert, merchandise for Portsmouth Pride 2025 and unique children’s clothing by Little Loves Apparel.

    The shop also features the city’s renowned food and drink producers, including The Portsmouth Distillery Company, Staggeringly Good Brewery, Spice Island Chill, Pastry Corner and Camber Wines.

    An invitation has also been extended to local artists to take part in the Love Portsmouth shop.

    Lulu Whitmore, Director of Love Southsea, said:

    “The Love Portsmouth shop has had an amazing first three months of trading.  We’re thrilled to announce that we’ve been given the opportunity to continue. This means even more opportunities for incredible local creatives to showcase their work. We’ve welcomed so many talented makers already, and this next phase promises to be even bigger and better!”

    Funded through the UK government’s Shared Prosperity Fund, the pop-up shop continues to deliver value to local businesses by:

    • Expanding their reach in Gunwharf Quays’ premium retail environment
    • Elevating brand visibility among broader audiences
    • Providing hands-on retail experience and skills
    • Creating opportunities to connect with regional and national buyers

    The Love Portsmouth shop is open daily from 10:00 AM to 6:00 PM until the end of June 2025.

    For more information visit rediscoverportsmouth.co.uk/love-portsmouth

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Financial education and access to money advice services improved

    Source: Scotland – City of Aberdeen

    The Accessing Money Advice and Advisory Services questionnaire which returned 560 responses has helped identify areas where improvements can be made, with many of the recommendations having already been implemented.

    At Tuesday’s (25 March 2025) Anti-Poverty and Inequality Committee, members heard how the results highlighted the need for greater service availability, stronger collaboration between providers, and improved access to financial education resources.

    Improvement actions taken forward have included:

    • A series of SHMU Radio shows have been arranged to raise awareness of benefits, debt support and financial advice services available.
    • The Financial Inclusion Team have targeted benefit take-up using the Low-Income Family Tracker (LIFT).
    • A number of actions aimed at improving financial literacy have included ABZ Works, Adult Learning and Financial Inclusion Team working in partnership on various projects and financial education being provided by MyBnk.
    • Work is being undertaken through a Local Improvement Group project to simplify information, ensuring leaflets are easy read and available in multiple languages.
    • A new data project is being developed for Aberdeen City to connect individuals and families with essential support based on their needs.

    Aberdeen City Council Co-Leader Councillor Christian Allard said: “I’m pleased to see progress being made with vital improvements for accessing the money advice and advisory services.

    “Raising awareness of the services available and improving financial support and education for those most in need is crucial for tackling poverty across the city.”

    Anti-Poverty and Inequality Vice-Convener Councillor Desmond Bouse said: “Increasing collaboration and partnership working between all organisations involved with improving access to and awareness of the money advice services available is vital.

    “I’m encouraged to see the feedback from the questionnaire being taken forward and subsequent actions being implemented.”

    The committee also agreed to continue monitoring the impact of awareness campaigns along with partners in the Anti-Poverty Group. In addition, there will be expansion of the mobile outreach service, incorporating additional locations identified as high-need areas through the data collected.

    MIL OSI United Kingdom

  • MIL-OSI United Nations: 27 March 2025 Departmental update A unified call for One Health: driving implementation, science, policy and investment for global impact

    Source: World Health Organisation

    Issued at the Third Quadripartite Executive Annual Meeting, 25–27 March 2025, WOAH headquarters, Paris

    As global leaders in human, animal and environmental health, the Quadripartite collaboration comprising the Food and Agriculture Organization of the United Nations (FAO), the United Nations Environment Programme (UNEP), the World Health Organization (WHO), and the World Organisation for Animal Health (WOAH) reaffirms its unwavering commitment to advancing the One Health approach. This integrated approach is essential to sustainably balance and optimize the health of people, animals, plants and ecosystems and to address health risks at the human-animal-environment interface. Meeting at WOAH headquarters in Paris for the Third Quadripartite Executive Annual Meeting, we call for urgent, strategic and sustained support and investments to scale up One Health implementation worldwide.

    Advancing the One Health agenda

    Since its establishment in March 2022, the Quadripartite has made significant progress in four strategic priority areas.

    1. Implementation of the One Health Joint Plan of Action (OH JPA). Over the past year, the Quadripartite has strengthened cross-sectoral collaboration through regional and sub-regional One Health workshops in Europe, central Asia, and Pacific islands, leading to increased adoption of the OH JPA at the national level. Capacity-building efforts have expanded, with multiple country-level workshops focusing on workforce development, joint risk assessments and multisectoral coordination mechanisms. Additionally, key implementation tools have been translated into multiple languages, increasing their accessibility and adoption.
    2. Strengthening One Health science and evidence. The second term of the Quadripartite One Health High-Level Expert Panel (OHHLEP) has been established, broadening its expertise to include social sciences, economics and governance. Key scientific deliverables will include mapping international legal and policy instruments that have a bearing on One Health and analysing barriers and enablers of One Health implementation. The Quadripartite One Health Knowledge Nexus serves as an interactive space for collective knowledge generation and co-learning. Under this platform, a joint Community of Practice was launched in November 2023 on the return on investment for One Health. A new community of practice on One Health governance is planned to be launched in 2025. In 2024, the Quadripartite contributed actively to the 8th World One Health Congress and several other international scientific fora to strengthen partnerships with the scientific community.
    3. Enhancing political engagement and advocacy. The Quadripartite played a significant role in global political processes, advocating for the inclusion of One Health in major discussions and declarations. This includes supporting the adoption of a UN General Assembly political declaration on antimicrobial resistance (AMR) and advocating for One Health integration in G20 health ministerial discussions and declarations. Additionally, the Quadripartite contributed to the adoption of a Global Action Plan on Biodiversity and Health at the Convention on Biological Diversity (COP16) and hosted a high-level One Health event at UN Climate Change Conference (COP29) to promote climate-health policy integration.
    4. Mobilizing investments for One Health. The Quadripartite is developing a Joint Offer – a unified advocacy document for targeted One Health investments. This effort will be bolstered by structured outreach to funding partners through roundtable discussions and high-level dialogues. The Quadripartite continues to advocate for embedding One Health in existing financial mechanisms, and strengthening regional and national One Health investment planning to catalyse broader financial commitments, ensuring sustainable investments at national and global levels.

    Investing in One Health now

    The complexity of today’s health challenges – ranging from AMR and zoonotic diseases to food safety risks and climate-related health threats, amongst others – demands an integrated and well-resourced One Health response. Investing in One Health is not an option; it is an imperative. It is a strategic and cost-effective approach to preventing future health crises, reducing economic losses, strengthening global health security and promoting sustainable development.

    The Quadripartite underscores that investing in One Health today is an investment in a safer, healthier and more resilient future. The world cannot afford to wait. We call on policymakers, donors and global leaders to act decisively, turning commitments into concrete actions and ensuring that One Health is effectively implemented, leaving no one behind.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Natural Hazards Commission – Toka Tū Ake (New Zealand)

    Source: UNISDR Disaster Risk Reduction

    Mission

    Natural Hazards Commission Toka Tū Ake is New Zealand’s Government’s response to the country’s unique geographical environment.

    Created to provide support and financial assistance to New Zealanders after a natural hazard event, the Commission is committed to reducing the impact of natural hazards on people, property, and our communities.

    MIL OSI United Nations News

  • MIL-OSI Banking: Working together to ensure financial integrity

    Source: Bank for International Settlements

    Good morning. It is a great pleasure to be here today and to welcome you to the BIS Innovation Hub’s Analytics Showcase.1

    This event marks the conclusion of the 2025 Analytics Challenge, in which we invited innovators to submit proposals for collaborative technology solutions to a specific problem.

    Over the next two days, we will come together to tackle a pressing challenge for regulators, businesses and consumers – financial crime. And since financial crime does not respect borders, we believe there is a clear need for deeper global collaboration. In the next few minutes, I will reflect on why this is essential and how we can work together in an increasingly digitalised world.

    The BIS Innovation Hub already helps central banks around the world collaborate on financial technology. We track key trends, connect innovation experts to each other and develop public goods in the technology space that are geared towards improving the functioning of the financial system.

    We experiment through projects that aim to show how technology can help and inspire meaningful action. These projects are possible thanks to collaboration with the global community of policymakers and innovators. And to our delight, part of this community is also here today.

    In my remarks, I will share with you the Innovation Hub’s projects that use technological innovation to safeguard financial integrity. And then I will set out our plan for the next two days to explore new technology and further expand global collaboration in the fight against financial crime.

    But let me now turn to why action is called for in the first place.

    Financial crime today

    Financial services are needed for a society to work well. Indeed, they are crucial for the economy to function properly. But widespread financial crime, such as fraud, money laundering and cyber attacks, undermines the integrity of our financial system and harms society. Central banks and financial supervisors therefore have a strong interest in supporting the fight against this type of criminal activity.

    The scale of financial crime is staggering. By some estimates, over $3 trillion2 in illicit funds move through the financial system each year, draining up to 5% of global GDP.3 Fraud alone costs hundreds of billions of dollars, hitting both consumers and businesses that have to shoulder a considerable share of the losses.

    We have good reasons to believe that most cases of fraud are never reported, which leaves the true scale hidden.4 And the real cost isn’t just money – financial crime often goes hand-in-hand with  other crimes, such drug and human trafficking, often damaging society’s most vulnerable people.

    Meanwhile, criminals move faster than law enforcement, exploiting technology and global networks to stay ahead. Look no further than Europe for evidence. Most fraud here appears to be cyber-enabled, online scams that very often cross borders,[5] with more consumers being targeted than ever before.

    In turn, financial firms face soaring compliance costs to detect illicit activity, spending hundreds of billions each year just to keep up.6

    And despite these efforts, estimates indicate that less than 1% of dirty money is intercepted and recovered,a remarkable statistic that highlights a difficult reality: despite growing investment in fighting financial crime, the overall results are falling short.

    To turn the tide, we need to explore new ways to fight financial crime, and we know that new technology holds great potential.

    But we also know that only through the collaboration, support and contributions of many can we fully harness technological innovation to protect our financial system and society. In other words, it takes a village.

    That brings us to today. We’ve laid the foundation already – the next two days of the Analytics Showcase will build on it.

    Let me share how the BIS Innovation Hub has been driving this effort.

    The role of the BIS Innovation Hub

    The Bank for International Settlements supports central banks in their pursuit of monetary and financial stability by fostering international cooperation.

    About five years ago, the BIS launched the Innovation Hub – a partnership with central banks that now spans seven centres across the globe, with one located here in London and hosted by the Bank of England.

    The Innovation Hub experiments with new technologies to see how they can solve shared challenges and help central banks deliver on their mandates more effectively.

    It does so because technology is changing finance fast, and the Innovation Hub aspires to facilitate collaboration and be a partner to central banks, while demonstrating the potential that novel technology brings.

    And the financial system needs to be secure, resilient and trusted, no matter how fast things change.

    Financial integrity is key to central banks for three reasons.

    First, threats to financial integrity are also threats to safety and stability – their core job.

    Second, central banks operate and supervise financial market infrastructures such as payment and settlement systems, where the threat of financial crime exists.

    Third, central banks often oversee banks’ compliance with anti-money laundering rules that enable the detection of illicit transactions.

    Some of the Innovation Hub’s projects have developed technological solutions or components that could be combined in a potential “technology stack”, elevating global collaboration in the fight against financial crime.

    Let me unpack that.

    A technology stack to maintain financial system integrity

    Consider a typical cross-border payment – it involves multiple banks and payment systems across jurisdictions. From the moment the sender makes a payment until the final recipient receives the money, multiple steps are taken to keep the payment safe and secure.

    I will walk you through the five key components that make these steps more effective.

    To start, each bank involved in the transaction must conduct compliance checks. This involves screening customers against sanctions lists or ensuring compliance with foreign exchange rules. These checks are often repeated and require manual work, due to varying regulations and data standards along the payments chain.

    Our first component of the technology stack provides a solution for programmable compliance and transaction pre-validation.

    Through Project Mandala, we have demonstrated better options for financial institutions to automate compliance checks and generate cryptographic proofs to show they have conducted all the necessary checks before initiating a transaction.

    The solution enhances the efficiency, transparency and speed of cross-border transactions without compromising the quality and soundness of regulatory checks.

    Mandala also improves transparency on country-specific policies, while facilitating real-time reporting and monitoring for regulators and supervisors.

    Now, after compliance checks, transactions are submitted to electronic payment systems for processing. These systems have a bird’s eye view of payers and payees allowing them to analyse transaction networks.

    Our next component is about embedding enhanced transaction analytics into payment systems. This could improve detection of seemingly legitimate transactions tied to complex money laundering schemes.

    Ongoing work in Project Hertha aims to show that advanced artificial intelligence (AI) and network analytics methods at a payment system level can help identify financial crime patterns that warrant a second look, while protecting privacy by using only a limited set of data points.

    To achieve this, the project created synthetic transaction data mimicking real payments using state-of-the-art AI methods. These data were also shared with Analytics Challenge participants to help test their solutions.

    The third component is about collaborative analytics. Advanced technologies, such as federated learning and multi-party computation, allow public and private stakeholders to share intelligence without revealing private customer data. Such public-private collaboration can help stakeholders join forces to identify criminal activity. 

    Project Aurora demonstrated how shifting to this more holistic approach, including the application of AI and machine learning techniques, helps identify money laundering and financial crime networks both nationally and internationally.

    Another component of our tech stack is user privacy, which is crucial in all our projects. Privacy rights must be upheld in any collaborative analytics and information sharing initiatives.

    Projects Aurora and Mandala tested privacy-enhancing technologies for secure data sharing. Project Hertha is testing methods to identify suspicious network patterns using a minimal set of data points.

    The final component is protection against cyber threats, vital in today’s digital landscape. Fraudsters and cyber criminals often use similar methods, like phishing. And those same technologies can also be used to fight back against the criminals. 

    Two of our projects addressed this.

    Project Raven can help the financial sector and authorities assess cyber security and resilience in their jurisdiction, by using AI to lower the reporting and analytical costs.

    Project Polaris focuses on the cyber security and resilience of potential future forms of money and payment systems, including offline digital payments.

    Strengthening these five components can help future-proof the financial system against evolving threats.

    Let me now explain how the Analytics Challenge and Showcase play a role here.

    Looking ahead: the Challenge and the Showcase

    Late last year, we invited public and private sector experts to join the BIS Innovation Hub 2025 Analytics Challenge and build on the work we started.

    We asked innovators to propose collaborative tech solutions that combat financial crime and simplify compliance through two challenges.

    In the open challenge, participants had to tackle three key questions:

    • How can AI be used to improve the detection of illicit financial activity?
    • How can privacy-preserving technology be used in sharing data and intelligence?
    • Finally, how can we collaborate on innovative tech solutions to enable compliance with diverse regulations across jurisdictions?

    In the prediction challenge, participants were asked to build algorithms to detect illicit transactions.

    Participants could test and demonstrate their solutions using a rich and realistic synthetic payments data set developed in Project Hertha.

    I am impressed with the high quality of the responses and I hope the demonstrations and discussions at the Analytics Showcase inspire new possibilities and partnerships.

    But the Showcase has even more to offer in the next two days.

    And with that, I trust the Analytics Showcase will strengthen our fight against financial crime and look forward to the insights ahead.

    Thank you very much for listening.


    1 My thanks go to the BIS Innovation Hub’s Andrei Pustelnikov and Simina Puscasu who helped me write this speech.

    2 Nasdaq and Verafin, Global Financial Crime Report, 2024.

    3 United Nations Office on Drugs and Crime, “Money laundering”.

    4 UK National Crime Agency (NCA), “Fraud”.

    5 The Association of Certified Anti-Money Laundering Specialists (ACAMS), “Cyber-enabled fraud and illicit money flows”, infographic, 2024.

    6 LexisNexis Risk Solutions, Report: The true cost of financial crime compliance, 2023.

    7 United Nations Office on Drugs and Crime, “Factsheet: money laundering”, 2014.

    MIL OSI Global Banks

  • MIL-OSI Banking: Asian Development Blog: Internal Audit’s Unsung Role in Development

    Source: Asia Development Bank

    Strengthening internal audit through independence, adherence to international standards, and a risk-based approach can drive better governance, service delivery, and accountability.

    In many government agencies across Asia and the Pacific, internal audit – an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations – remains an underutilized tool. 

    When organizations lack a strong internal audit function, they don’t just risk poor performance—they also lack the independent assurance and actionable insights provided by such audits. This leads to inefficiency and confusion, ultimately limiting an organization’s ability to operate effectively and evolve.

    This can have a profound effect on social and economic development goals being pursued by developing countries in Asia and the Pacific. 

    Despite its crucial role in public financial management, internal audit remains an area of weakness across the region, ranking among the lowest-scoring indicators in both East Asia and the Pacific, and South Asia, according to a recent report. 

    Internal audits can be conducted by a dedicated unit, a shared service, or be outsourced to a private accounting firm. To be effective the auditors should have unrestricted access to records, assets, and personnel, as well as the autonomy to set audit priorities in consultation with management. 

    To safeguard its independence and maintain its impact, the internal audit function must communicate directly with the board or its audit committee and provide an annual confirmation of its independence.

    Internal audit should follow best practices, including using international standards, operating under a formal charter, being led by a certified audit executive, and using a risk-based audit plan. It should issue an annual report with an audit opinion, disclose compliance with standards, and undergo an external quality assessment at least every five years.

    It’s essential to differentiate between internal audit and internal controls. While internal audit serves as the third line of defense in the internal control system, it is not a part of the controls themselves. In many public organizations, internal audit is often tasked with conducting pre-audits of transactions, which is a control activity. 

    However, to preserve its independence and objectivity, internal audit must refrain from performing control activities, including pre-audits. Doing so would compromise its core function: evaluating the effectiveness of internal controls and recommending improvements. Instead, pre-audits should be handled by the finance department, while internal audit periodically reviews transactions or assesses the effectiveness of the pre-audit function. This approach allows internal audit to focus on strengthening organizational processes.

    Enhancing internal audit is not just about compliance—it’s a strategic investment in development.

    Internal and external audits are both critical to ensuring accountability, but they differ in their scope, purpose, and approach. External audits focus on delivering an output in the form of an audit opinion on the fairness, accuracy, and reliability of financial statements in accordance with applicable financial reporting frameworks, while internal audits are more input-driven and often constrained by limited resources. 

    To maximize their effectiveness, internal audits must adopt a risk-based approach that directs available resources toward the highest-risk areas.

    While external audits primarily evaluate key controls related to financial reporting, internal audits have a much broader remit, encompassing financial, operational, and procurement controls. Furthermore, internal audit can play a positive role in affirming the robustness and effectiveness of the internal control system – something external auditors typically do not do – and in issuing detailed, actionable recommendations to address control weaknesses.

    Importantly, external auditors may rely on internal audit work if the function meets quality standards, such as objectivity, staff competence, systematic practices, and quality control. Each internal audit work must also demonstrate thorough planning, effective execution, and robust evidence, with conclusions that are appropriate and consistent with the audit findings. 

    While external auditors remain responsible for their conclusions, leveraging quality internal audit work helps focus on high-risk areas and reduce duplication. Clear communication between internal and external audits is essential to maximize synergies and minimize overlap.

    The full value of internal audit is realized when it maintains independence, objectivity, and adheres to professional standards and best practices. When empowered to assess internal controls and complement external audits, internal audit drives critical improvements in governance and performance. 

    This includes conducting essential audits, such as contract audits to improve tendering and contract management practices as well as performance audits to enhance efficiency and effectiveness. 

    Internal audit plays a key role in helping organizations assess and advance sustainability initiatives. Collectively, these efforts help build resilience, sharpen the ability to achieve goals, and elevate service delivery quality across Asia and the Pacific. Enhancing internal audit is not just about compliance—it’s a strategic investment in development.
     

    MIL OSI Global Banks

  • MIL-OSI Europe: Written question – Issuance of visas, circumvention of sanctions and transnational repression by Iranian networks in the EU – E-001170/2025

    Source: European Parliament

    Question for written answer  E-001170/2025
    to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
    Rule 144
    Hannah Neumann (Verts/ALE), Lena Schilling (Verts/ALE), Thomas Waitz (Verts/ALE)

    Research by Der Standard (13 March 2025) reveals that high-ranking representatives of the Iranian regime obtained Schengen visas through the Austrian consulate in Tehran, brokered by Blue River Holding GmbH in Vienna. The company, formerly a licensee of Spar International, was allegedly involved in sanctions evasion, money transfers and technology transfers to Iran.

    New evidence points to a link between Iranian business networks and European actors that influence financial flows and visa issuance. A Viennese lawyer is said to have acted as the trusted representative of a regime-related network. Reports suggest that economic channels in Europe are being used to facilitate sanctions evasion, transnational repression and potentially security-threatening activities.

    • 1.What specific scrutiny mechanisms has the Commission put in place or evaluated at EU level in the last 12 months to ensure Schengen visas are not being used to facilitate the smuggling-in of Iranian regime actors or economic networks that may be supporting transnational repression?
    • 2.Which EU authority or mechanism has specifically examined whether Blue River Holding GmbH and its affiliated actors were involved in violating existing Iran sanctions, and if no such examinations have taken place, why not?
    • 3.What specific findings does the Commission have regarding the use of economic and corporate structures within the EU by Iranian actors to finance, conceal or support transnational repression against Iranians in exile?

    Submitted: 19.3.2025

    Last updated: 27 March 2025

    MIL OSI Europe News

  • MIL-OSI: The “AI Magic” in Financial Services: Transforming Customer Experience with Smart Technology

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, March 27, 2025 (GLOBE NEWSWIRE) — In the financial sector, customer demands are becoming increasingly diverse and complex. Whether it’s loan inquiries, financial advice, or after-sales service, customers expect instant and accurate answers. A leading financial services provider, referred to as Company F, was facing unique challenges and chose to collaborate with GPTBots.ai to tackle these business difficulties with an AI-powered customer service solution.

    1. Challenges in Financial Customer Service

    Company F was grappling with the following issues:

    • High Training Costs: The diverse content of loan and financial services made training difficult and slow to show results.
    • Multilingual Communication Barriers: Customers used multiple languages, including Indonesian and English, often mixed with slang and abbreviations, causing communication difficulties.
    • WhatsApp Management Difficulties: A large number of users inquired through WhatsApp, making timely responses and management challenging.
    • Low Customer Service Efficiency: High consultation volumes and a limited customer service team led to long response times and reduced customer satisfaction.

    2. GPTBots AI-Powered Customer Service Solution

    To address these challenges, Company F opted for an innovative solution: the GPTBots AI customer service system.

    Multilingual Support

    • Multilingual Conversations: Supports Indonesian and English, automatically switching the response language based on the customer’s query.
    • Slang and Abbreviation Recognition: Capable of understanding and correctly responding to non-standard language and abbreviations.

    Knowledge Base Integration

    • Knowledge Base Upload: Rich knowledge bases are uploaded to ensure the AI can answer basic customer questions.
    • Real-Time Updates: The knowledge base is updated in real-time to ensure the accuracy and timeliness of responses.

    Seamless Handover to Human Agents

    • Complex Issue Detection: Automatically identifies complex or unresolved issues.
    • Seamless Handover: When the AI cannot meet customer expectations, the conversation is automatically transferred to a human agent.
    • Context Preservation: Ensures human agents can take over the conversation seamlessly without needing to repeat questions.

    WhatsApp Integration

    • WhatsApp Platform Integration: Interacts with customers directly on WhatsApp.
    • Multiple Message Types: Supports text messages, template messages, and service cards.
    • Instant Interaction: Provides instant customer support through a familiar platform.

    Click to watch the full video: AI Customer Service via WhatsApp

    3. Significant Transformation with AI-Powered Customer Service

    After implementing the GPTBots AI customer service solution, Company F achieved remarkable improvements in key performance indicators.

    Drastic Improvement in Customer Service Team Efficiency

    • Average Response Time Reduced by 90%: Response time is now 15 seconds.
    • Basic Inquiry Handling Time Reduced by 70%: Customer service staff can focus on complex issues.

    Significant Improvement in Customer Satisfaction

    • Consistency in Responses Increased by 90%: Effectively reduces customer repeat inquiries.
    • Response Speed Increased to Seconds: More diverse response content, with an 86% increase in customer satisfaction.

    Effective Resource Optimization and Cost Control

    • Training Focused on Key Issues: Training time reduced by 65%, significantly improving training efficiency.
    • Human Customer Service Support for Complex Issues Only: Company resources can be allocated to high-value customer service.

    4. Conclusion: The Future of Financial Customer Service with AI

    Company F’s success story highlights the immense potential of AI technology in the financial customer service sector. By leveraging GPTBots’ AI customer service system, Company F not only overcame multilingual communication barriers and improved customer service efficiency but also significantly enhanced customer satisfaction and operational efficiency. This is not just a technological breakthrough but a crucial step for the financial services industry on the path to digital transformation.

    As AI technology continues to evolve and be applied, the customer service model in the financial industry will become smarter, more efficient, and more human-centric. Company F’s experience demonstrates that AI-powered customer service is not only the direction for the future but also a key tool for enhancing competitiveness and customer experience today. By combining AI technology with traditional customer service, financial institutions can better meet customer needs, improve service quality and efficiency, and stand out in the competitive market.

    Media Contact:
    Silvia
    Senior Marketing Manager
    marketing@gptbots.ai

    The MIL Network

  • MIL-OSI: Web3MEXC Announces CORN (CORN) Listing with Massive 149,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 27, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced the listing of CORN (CORN) on both spot and futures markets, scheduled for March 28, 2025 (UTC). The listing on MEXC will be accompanied by an exciting Airdrop+ rewards event totaling 149,000 USDT.

    CORN represents a next-generation blockchain solution built on Arbitrum Orbit, offering unprecedented scalability and efficiency for Bitcoin-centric applications. The project introduces groundbreaking features including Bitcorn (BTCN) as its gas token, the popCORN System for long-term incentives, and LayerZero technology for seamless cross-chain asset transfers. By supporting Stylus, CORN enables developers to create smart contracts using multiple programming languages, pushing the boundaries of blockchain innovation.

    To celebrate the CORN listing, MEXC will launch an extraordinary Airdrop+ event with a massive 149,000 USDT prize pool. The event, which will run from March 27 to April 6, 2025, will offer multiple opportunities to participate:
    Benefit 1: Deposit and share 80,000 USDT in Futures bonus (New user exclusive)
    Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
    Benefit 3: Invite new users and share 19,000 USDT in Futures (For all users)

    MEXC has established itself as an industry leader by consistently providing users with early access to promising Web3 projects. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings. According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings at 461 and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to quickly capture market trends.

    Looking ahead, MEXC will continue to enhance its platform by providing advantages such as low fees, deep liquidity, a wide selection of trending tokens, and daily airdrops, enabling traders to access high-potential projects early, receive generous rewards, and enjoy an optimal trading experience.

    For full event details and participation rules, visit the event page.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

    Source

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

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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    The MIL Network

  • MIL-OSI Africa: SA-EU relations flourishing

    Source: South Africa News Agency

    By Nomonde Mnukwa

    South Africa’s first democratic elections on 27 April 1994 signalled not only the end of the brutal system of apartheid, but also a change in the country’s international image.

    The country’s struggle for liberation and reconciliation has shaped its identity and global standing. South Africa has positioned itself as a champion of international solidarity.

    South Africa’s unique approach to global issues has found expression in the concept of Ubuntu. These concepts inform our approach to diplomacy and shape our vision of a better world for all.

    This philosophy translates into an approach to international relations that respects all nations, peoples, and cultures. It recognises that it is in our national interest to promote and support the positive development of others.

    As we celebrate our over 30 years of freedom and democracy, South Africa’s global repositioning can be seen with the strong strategic partnership with the European Union that is premised on values such as democracy, human rights and the rule of law.

    Immediately after his release from prison thirty-five years ago, President Nelson Mandela, our first democratic President, travelled to the European Parliament to receive the Sakharov Prize for Freedom of Thought. This honorary award is the highest tribute given by the European Union (EU) to individuals who contributed to the fight for human rights.

    During this visit, the former president, who is affectionately known as Madiba addressed the European Parliament and thanked the European countries for their contribution towards our fight for freedom. He also called on them to support us as we set about rebuilding the country and reversing the legacy of apartheid, which continues to be felt up to this day.

    This visit marked the beginning of official relations between South Africa and the EU in pursuit of our national interests, especially to tackle pressing challenges we inherited under apartheid. In 1999 for instance, we became the first African country to sign a Free Trade Agreement (FTA) with the EU known as the South Africa-European Union (EU) Trade, Development and Cooperation Agreement (TDCA).

    In 2007 we further deepened our relations through the adoption of the South Africa – EU Strategic Partnership Joint Action Plan. The plan is essentially a roadmap for cooperation in various key areas such as trade, climate change, science and technology as well as regional and global issues.  

    The TDCA agreement has helped our country to integrate into the global economy and it established a Political Dialogue between South Africa and the EU at the Ministerial level. This high-level dialogue advances the EU-South Africa strategic partnership across key areas such as trade, energy, peace and security and multilateralism.

    We are pleased that as we celebrate 30 years of democracy and thirty-five years since Madiba’s release and visit to the EU Parliament, our relationship with the EU continues to flourish and is mutually beneficial. South Africa remains the EU’s key trade partner on the African Continent, and the EU as a bloc is South Africa’s largest trading partner.

    Total trade between South Africa and EU has increased by 44 percent over the past five years; recording an increase from R586 billion in 2019 to R846 billion in 2023. The EU accounts for 41 percent of total Foreign Direct Investment (FDI) in the country and over 2,000 EU companies operate in South Africa, supporting more than 500,000 direct and indirect jobs.

    To further discuss shared priorities and foster stronger ties between South Africa and EU, in February this year, we successfully hosted the 16th Ministerial Political Dialogue. The Dialogue was co-chaired by the Minister of International Relations and Cooperation, Ronald Lamola and Kaja Kallas, the EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission.

    During this dialogue, both parties reiterated their commitment to multilateralism, rules-based international order, and the centrality of the United Nations Charter. They agreed on the need to make the UN Security Council more representative, inclusive, transparent, efficient, democratic and accountable. They further discussed issues of trade and investment, along with greater mutual cooperation and reinforced bilateral relations between South Africa and the EU.

    The dialogue also served as preparatory meeting for the EU-South Africa Summit which was held in South Africa on 13 March 2025. Our national priorities of reducing poverty, unemployment and inequality underpin our work at the SA-EU Summit. In line with commitments in the National Development Plan we engage with our EU counterparts to further grow our economy and develop our society.

    The summit was also an opportunity to set new priorities for the Strategic Partnership, including in trade and investment, and to reinforce the shared values underpinning the partnership. During the summit, the EU announced a 4.7-billion-euro investment package to support mutually beneficial investment projects. The investment package covers areas such as critical raw mineral processing, green hydrogen, renewable energy, transport and digital infrastructure, local vaccine and pharmaceutical production, and resources for skills development.

    The two parties further agreed to launch negotiations towards a Clean Trade and Investment Partnership to support the development of cleaner value chains for raw materials and local beneficiation, renewable and low carbon energy, and clean technology. Both parties committed to work together to address existing challenges in trade in animal and plant products. South Africa committed to find a solution to facilitate the imports of poultry from disease-free areas in the European Union into South Africa.

    The Summit was also an opportunity for South Africa to influence international policies that could have an impact on our own economy. Both parties agreed to support a just, comprehensive, and lasting peace on conflicts around the globe including Ukraine, the Democratic Republic of the Congo and Palestine. This includes a need to reform the UN Security Council.  

    Furthermore, the European Union expressed support for South Africa’s G20 Presidency in 2025, and our hosting of the G20 Summit at the end of the year. The EU also pledged to strengthen the G20 Compact with Africa.

    Government welcomes the visit by the EU leaders to the country and we are confident that the agreements signed will not only accelerate economic growth but will help South Africa eradicate the triple challenge of unemployment, poverty and inequality.

    *Nomonde Mnukwa is the Acting Director General of the GCIS

    MIL OSI Africa

  • MIL-OSI Africa: Limpopo communities to get paid for electronic waste

    Source: South Africa News Agency

    Limpopo residents will be able to dispose of their electronic waste at a recycling facility and get paid for it.

    This as government launched the E-Waste Recycling Pilot Project initiative in Limpopo on Wednesday which will allow residents to dispose of their electronic waste at a recycling facility and get paid for it by the Producer Responsibility Organisations (PROs) who are part of the project.

    “The increasing number of electronic devices being used without a proper system for disposal has led to the accumulation of waste that harms our environment and contaminates water and soil. Today’s launch of the E-Waste Recycling Pilot Project is our response to this growing crisis,” Deputy Minister of Forestry, Fisheries, and the Environment, Bernice Swarts, said at the launch of the pilot project in the Thulamela Local Municipality on Wednesday.

    Three PROs will participate in Thulamela Local Municipality as part of the initiative.

    “The PROs will set-up and welcome community members as they bring their e-waste. The e-waste will then be weighed, the weight recorded, and the person’s details recorded. 

    “An incentive will be paid out via cellphone based on a Rand/ kilogram where a minimum ranging from R1,00/ kilogram can be paid based on the weight of the item and the type of item. Payments will be done in the form of EFT and MTN MoMo,” the Deputy Minister said.

    In addition to this, a participation voucher will be given that ranges from R30 to R50 depending on the number of items dropped off. 

    There will also be “spin-a-wheel” competition which offers a chance to win an extra voucher ranging from R0-100. The vouchers will be redeemable at Shoprite/ Checkers. 

    The PROs will be working with local collectors based in Limpopo and the Vhembe District specifically.

    The collection of large items will be possible locally for communities close to the event venue. Arrangements can be made with the local collectors to do other collections after the event only.

    The initiative was launched in partnership with the Department of Forestry, Fisheries and the Environment (DFFE), Thulamela Local Municipality, Vhembe District Municipality, Industry and the PROs. 

    “The goal of this pilot project is to test and implement a sustainable system for recycling of e-waste in Thulamela Local Municipality. Through this collaboration, we aim to not only manage and dispose of e-waste responsibly but also raise awareness among communities about the importance of recycling and the dangers of improper e-waste disposal.

    “The success of this project relies heavily on the participation of the local community. By providing households with easy access to collection or drop off points, recycling facilities and offering guidance on how to properly separate and dispose of their old electronic devices, we aim to change the way residents think about their waste. 

    “The wheelie bins provided by the department will serve as dedicated receptacles for collecting e-waste, ensuring that it is separated from general household waste and directed to specialized recycling channels. This process will prevent toxic substances from leaching into the soil and water, protecting both our environment and our health,” Swarts said.

    Managing e-waste

    According to the Deputy Minister, South Africa generates over 360 000 tons of e-waste annually, and 10% of this is properly managed.

    The rest ends up in landfills, or worse, is illegally dumped, posing serious risks to the ecosystems.

    “Our waste laws do not allow the disposal of e-waste to landfills. This is done with the intention of diverting this waste stream from landfill for recycling purposes. 

    “As part of our efforts to address this growing E-waste problem, South Africa has implemented the Extended Producer Responsibility (EPR) legislation for the Electrical and Electronic Equipment sector since November 2021 which compels the producers of electronic products to take-back and ensure proper recycling thereof,” she said.

    As part of the National Waste Management Strategy 2020, South Africa has committed to reducing waste sent to landfills, increasing recycling rates, and promoting a circular economy. 

    “The EPR regulations, which place responsibility for end-of-life products on producers, are key to this vision. By encouraging industry involvement in waste management, we are ensuring that those who create waste are also part of the solution.

    “In the coming months, we will monitor the progress of this pilot project to ensure that it meets its objectives. This includes tracking the volume of e-waste collected, the effectiveness of the community awareness campaigns, and the number of local jobs created through the project. 

    “Our goal is to ensure that this pilot project becomes a success story and a model that can be replicated across other municipalities in Limpopo and beyond,” Swarts said. –SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: Cabinet welcomes new investments

    Source: South Africa News Agency

    Thursday, March 27, 2025

    Cabinet has expressed confidence in the resilience of the economy, as the country continues to forge partnerships to build key sectors and attract new investments.

    These investments include Google South Africa’s R2.5 billion cloud project, the R93.5 billion Global Gateway Investment Package by the European Union (EU) as well as the Private Sector Participation in Rail and Port Freight Logistics Projects.

    “Cabinet welcomed the launch of Google South Africa’s R2.5 billion cloud region in Johannesburg, which integrates South Africa into Google Cloud’s global network. This project is Google’s first in Africa and marks a significant investment in South Africa’s technology infrastructure.

    “Cabinet calls on all sectors to accelerate our country’s path towards sustainable inclusive economic growth and job creation through increased investment and by reinforcing the many positives about our country,” Minister in The Presidency Khumbudzo Ntshavheni said on Thursday.

    The EU also announced a R93.5 billion Global Gateway Investment Package to support strategic investment projects in clean and just energy transition, digital and physical connectivity infrastructure, and the local pharmaceutical industry.

    “Cabinet welcomed the strengthening of the Strategic Partnership between South Africa and the EU at the 8th South Africa – EU Summit held on 13 March 2025 in South Africa. The EU reiterated its support for South Africa’s G20 Presidency and the importance of the G20 as a global forum for international economic cooperation,” the Minister said.

    The launch of the Request for Information on Private Sector Participation in Rail and Port Freight Logistics Projects was also welcomed, as it is part of the critical reforms to improve South Africa’s logistics sector and thus improving economic growth through improved exports.

    “The Roadmap for Freight Logistics System in South Africa promotes the greater competition in rail and port terminal operations, which will attract private investment but strategic infrastructure such as rail lines and ports remain in public ownership,” Ntshavheni said.

    She was addressing members of the media on the outcomes of the Cabinet meeting held on Wednesday. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: Secretary-General’s video message to the Opening of the Nutrition for Growth Summit (N4G) [scroll down for English version]

    Source: United Nations – English

    ownload the video:
    (French),
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+07+March+25/3347691_MSG+SG+NUTRITION+FOR+GROWTH+07+MAR+25.mp4
     
    English sub-title,
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+07+March+25/MSG+SG+NUTRITION+FOR+GROWTH+07+MAR+25+EN.mp4

    En 2015, les dirigeants du monde ont fait une promesse à l’humanité :

    Éliminer la faim d’ici à 2030.

    Hélas, à moins de cinq ans de l’échéance, nous sommes loin du compte.

    Aujourd’hui, une personne sur 11 souffre de la faim.

    En Afrique, c’est une personne sur cinq.

    Chez les enfants, la malnutrition représente une tragédie – et une faillite morale.

    Dans le même temps, des millions de personnes sont en surpoids, à cause d’une alimentation transformées – riche en sucre et graisses saturées, mais pauvre en nutriments essentiels.

    Cette double menace fragilise nos systèmes de santé, creuse les inégalités et freine le développement durable.

    La lutte contre la faim est un défi mondial qui demande l’engagement de chacun, à tous les niveaux – et une mobilisation politique et financière sans précédent pour transformer durablement nos systèmes alimentaires.

    C’est l’objectif de l’Alliance mondiale contre la faim, qui vise à mobiliser des fonds et des solutions concrètes pour aider les pays dans cette transformation.

    En juillet, le deuxième bilan du sommet des Nations unies sur les systèmes alimentaires à Addis-Abeba, devra aboutir à des engagements concrets – en particulier financiers.

    Ainsi, seul un tiers des pays à faible revenu et à revenu intermédiaire dispose de financements adéquats pour la nutrition. 

    Et trop souvent, les pays vulnérables sont laissés pour compte face aux crises économiques, conflits prolongés, et catastrophes climatiques.
     
    Le Pacte pour l’avenir appelle à une réforme de l’architecture financière internationale… 

    Il comprend un engagement à mettre en place un plan de relance des Objectifs de développement durable…
     
    Augmenter la capacité de prêt des banques multilatérales de développement…

    À alléger le fardeau des pays croulant sous les dettes…

    Et mobiliser davantage de ressources internationales et nationales, publiques et privées, pour des investissements vitaux – notamment en matière de sécurité alimentaire.

    Excellences,

    Un monde sans faim n’est pas une utopie.

    C’est un choix.

    Nous avons les ressources, les connaissances et les outils nécessaires.

    Et votre Sommet représente une opportunité importante de mobiliser des actions concrètes en faveur d’une nutrition saine pour tous.

    Alors agissons ensemble pour tenir notre promesse et faire malnutrition une histoire du passé.

    Je vous remercie.

    ***
    In 2015, world leaders made a pledge to humanity:

    To eradicate hunger by 2030.

    Sadly, with less than five years to go, we are far off track.

    Today, one in eleven people suffers from hunger.

    In Africa, it is one in five.

    Among children, malnutrition is a tragedy – and a moral failure.

    Meanwhile, millions of people struggle with obesity due to a processed diet – high in sugar and saturated fats, but low in essential nutrients.

    This dual threat strains our healthcare systems, widens inequalities and hinders sustainable development.

    Combating hunger demands a global effort at every level – and unprecedented political and financial engagement to sustainably transform our food systems.

    The Global Alliance against Hunger aims to mobilize funds and concrete solutions to support countries in this transformation.

    In July, the second United Nations Food Systems Summit Stocktake in Addis Ababa must result in tangible commitments – notably financial ones.

    Only a third of low- and middle-income countries have adequate funding for nutrition.

    Too often, vulnerable countries are left on their own – facing economic crises, protracted conflicts and climate disasters.
     
    The Pact for the Future calls for reforming the international financial architecture.

    It includes a commitment to advance an SDG Stimulus.
     
    To increase the lending capacity of Multilateral Development Banks;

    To alleviate the burden of countries drowning in debt;

    And to mobilize more international and domestic resources, public and private, for vital investments – particularly in food security.

    Excellencies,

    A world without hunger is not a utopia.

    It is a choice.

    We have the necessary resources, knowledge and tools.

    And your Summit represents a key opportunity to drive concrete action for a healthy nutrition for all.

    So let us work together to keep our promise and make malnutrition a thing of the past.

    Thank you.

    MIL OSI Africa

  • MIL-OSI United Kingdom: Pension Credit campaign delivers vital support to Derby pensioners

    Source: City of Derby

    A successful Pension Credit campaign in Derby has secured over £386,285 in financial support for 105 local pensioners, ensuring they remain warm and financially secure during the winter months. The initiative, led by Derby City Council in partnership with local organizations, has made a huge difference in the lives of many pensioners. As part of the campaign  pensioners have gained:

    • £299,414 in annual Pension Credit
    • An average household boost of £2,851 per year
    • £65,871 in backdated Pension Credit payments
    • £21,000 in Winter Fuel Payments

    Since the campaign’s launch the estimated amount of unclaimed Pension Credit in Derby has fallen from £9.26 million to £8.89 million, and the number of missing claims has dropped from 7,243 to 7,138, highlighting the positive impact of the campaign and the importance of continued support

    This initiative also highlights the urgent need for pensioners to check their eligibility for Pension Credit, which not only provides financial relief but also unlocks additional benefits such as council tax reductions, free NHS dental treatment, and more.

    Councillor Sarah Chambers, Cabinet Member for Cost of Living, Equalities and Communities, said:

    It’s fantastic to see so many pensioners in Derby receiving the financial support they are entitled to, with over £386,000 already secured through this campaign. This extra income is making a real difference, helping people heat their homes and manage rising living costs. However, we know that many pensioners are still missing out on Pension Credit.  There’s still so much work to do and we have more initiatives in the pipeline, however this pilot campaign has proved successful in a very short space of time.

    If you or someone you know might be eligible, I urge you to check and claim.”

    A Derby pensioner who attended the Pension Advice Event in October 2024 said:

    Everyone was fantastic – Tim’s attitude towards looking after me made my day; well worth coming.”

    All attendees who provided feedback following the event said they received help and the answers they needed regarding Pension Credit and other benefits. Additionally, 83% expressed a strong interest in attending similar events in the future.

    For more information on claiming Pension Credit, visit the Government Pension Credit webpage.

    If you or someone you know is struggling with the cost of living, there is plenty of help available. Visit our cost of living webpage or Community Action Derby’s Cost of Living online hub for support and advice on everything from utility bill support to improving your mental wellbeing.

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Secretary-General’s video message to the Opening of the Nutrition for Growth Summit (N4G) [scroll down for English version]

    Source: United Nations

    Download the video:
    (French),
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+07+March+25/3347691_MSG+SG+NUTRITION+FOR+GROWTH+07+MAR+25.mp4
     
    English sub-title,
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+07+March+25/MSG+SG+NUTRITION+FOR+GROWTH+07+MAR+25+EN.mp4

    En 2015, les dirigeants du monde ont fait une promesse à l’humanité :

    Éliminer la faim d’ici à 2030.

    Hélas, à moins de cinq ans de l’échéance, nous sommes loin du compte.

    Aujourd’hui, une personne sur 11 souffre de la faim.

    En Afrique, c’est une personne sur cinq.

    Chez les enfants, la malnutrition représente une tragédie – et une faillite morale.

    Dans le même temps, des millions de personnes sont en surpoids, à cause d’une alimentation transformées – riche en sucre et graisses saturées, mais pauvre en nutriments essentiels.

    Cette double menace fragilise nos systèmes de santé, creuse les inégalités et freine le développement durable.

    La lutte contre la faim est un défi mondial qui demande l’engagement de chacun, à tous les niveaux – et une mobilisation politique et financière sans précédent pour transformer durablement nos systèmes alimentaires.

    C’est l’objectif de l’Alliance mondiale contre la faim, qui vise à mobiliser des fonds et des solutions concrètes pour aider les pays dans cette transformation.

    En juillet, le deuxième bilan du sommet des Nations unies sur les systèmes alimentaires à Addis-Abeba, devra aboutir à des engagements concrets – en particulier financiers.

    Ainsi, seul un tiers des pays à faible revenu et à revenu intermédiaire dispose de financements adéquats pour la nutrition. 

    Et trop souvent, les pays vulnérables sont laissés pour compte face aux crises économiques, conflits prolongés, et catastrophes climatiques.
     
    Le Pacte pour l’avenir appelle à une réforme de l’architecture financière internationale… 

    Il comprend un engagement à mettre en place un plan de relance des Objectifs de développement durable…
     
    Augmenter la capacité de prêt des banques multilatérales de développement…

    À alléger le fardeau des pays croulant sous les dettes…

    Et mobiliser davantage de ressources internationales et nationales, publiques et privées, pour des investissements vitaux – notamment en matière de sécurité alimentaire.

    Excellences,

    Un monde sans faim n’est pas une utopie.

    C’est un choix.

    Nous avons les ressources, les connaissances et les outils nécessaires.

    Et votre Sommet représente une opportunité importante de mobiliser des actions concrètes en faveur d’une nutrition saine pour tous.

    Alors agissons ensemble pour tenir notre promesse et faire malnutrition une histoire du passé.

    Je vous remercie.

    ***
    In 2015, world leaders made a pledge to humanity:

    To eradicate hunger by 2030.

    Sadly, with less than five years to go, we are far off track.

    Today, one in eleven people suffers from hunger.

    In Africa, it is one in five.

    Among children, malnutrition is a tragedy – and a moral failure.

    Meanwhile, millions of people struggle with obesity due to a processed diet – high in sugar and saturated fats, but low in essential nutrients.

    This dual threat strains our healthcare systems, widens inequalities and hinders sustainable development.

    Combating hunger demands a global effort at every level – and unprecedented political and financial engagement to sustainably transform our food systems.

    The Global Alliance against Hunger aims to mobilize funds and concrete solutions to support countries in this transformation.

    In July, the second United Nations Food Systems Summit Stocktake in Addis Ababa must result in tangible commitments – notably financial ones.

    Only a third of low- and middle-income countries have adequate funding for nutrition.

    Too often, vulnerable countries are left on their own – facing economic crises, protracted conflicts and climate disasters.
     
    The Pact for the Future calls for reforming the international financial architecture.

    It includes a commitment to advance an SDG Stimulus.
     
    To increase the lending capacity of Multilateral Development Banks;

    To alleviate the burden of countries drowning in debt;

    And to mobilize more international and domestic resources, public and private, for vital investments – particularly in food security.

    Excellencies,

    A world without hunger is not a utopia.

    It is a choice.

    We have the necessary resources, knowledge and tools.

    And your Summit represents a key opportunity to drive concrete action for a healthy nutrition for all.

    So let us work together to keep our promise and make malnutrition a thing of the past.

    Thank you.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Hundreds of millions of pounds to turbocharge manufacturing sector in Wales

    Source: United Kingdom – Executive Government & Departments

    News story

    Hundreds of millions of pounds to turbocharge manufacturing sector in Wales

    Wales to see new £250m investment into UK’s largest semiconductor facility, supporting hundreds of highly-skilled jobs in Newport and supporting the government’s Plan for Change.

    • Vishay Intertechnology’s planned investment is vote of confidence in the region’s industrial capabilities, and strengthens the world’s first Compound Semiconductor Cluster in South Wales.   

    • Chancellor welcomes the investment as a major win for the UK as a global hub for advanced manufacturing.

    Wales is set to benefit from a £250million investment from one of the world’s largest manufacturers of semiconductors that will be vital to the production of electric vehicles (EV), supporting the government’s Plan for Change in delivering more skilled jobs, and turbocharging the economy.

    The Chancellor Rachel Reeves will welcome Vishay Intertechnology’s intention to invest on a visit to their Newport plant today (Thursday 27 March) – the UK’s largest semiconductor facility – as part of plans to develop large-scale compound semiconductor manufacturing in the country.

    The investment will boost production at the state-of-the-art factory where it will make advanced Silicon Carbide semiconductors, an integral part of EV production. This advanced technology supports faster battery charging time, enabling a more efficient supply of energy to the motor and longer driving distances.

    Vishay’s investment is expected to directly support over 500 high value, high skilled jobs in the region and indirectly support hundreds more in the wider supply chain.

    It comes after the Chancellor’s Spring Statement yesterday where she vowed to bring about “new era of security and national renewal” to kickstart economic growth, protect working people and keep Britain safe. The Chancellor confirmed that the OBR has upgraded their growth forecast in 2026 and every year thereafter and people will be on average £500 a year better off by the end of this parliament compared to under the previous government, putting more money in people’s pockets.

    Chancellor of the Exchequer, Rachel Reeves said:

    Under this government the UK is open for business. This is exactly the type of investment that will help us grow the economy, create highly skilled jobs and boost opportunity for people across the country, as we deliver on our Plan for Change to get more money in working people’s pockets.

    Supported by the government’s Automotive Transformation Fund (ATF), the investment will help secure domestic supplies of semiconductors critical to the UK automotive industry, and other key industries including renewable energy and defence, supporting the Industrial Strategy. It also strengthens the UK’s position in a competitive, global semiconductor landscape, supporting long-term growth for our economy.

    It is a huge boost for the UK as a global hub for advanced manufacturing, which has the fastest growth in manufacturing productivity per job in the G7 between 2010-2023.

    Business and Trade Secretary, Jonathan Reynolds said:

    This is a huge vote of confidence in the Welsh economy and our plans to make Britain the destination of choice for investments in the industries of tomorrow. It will support local skilled jobs and raise living standards, showing our Plan for Change is working.

    Vishay’s investment will help secure a domestic supply of semiconductors which are vital for our world leading automotive sector and support our clean energy industries – key growth driving sectors identified in our upcoming Industrial Strategy.

    Secretary of State for Wales, Jo Stevens said:

    This massive investment by Vishay and the UK Government is a huge boost for Wales’s world-leading semiconductor industry.

    Earlier this month I was at Vishay to see the work they do on advanced manufacturing, renewable energy and defence industries – all key sectors in the Welsh economy.

    This investment will build on that success to create and support hundreds of highly skilled and well-paid jobs, driving economic growth in south Wales and beyond and helping us deliver our Plan for Change.

    Roy Shoshani, COO Semiconductors and CTO for Vishay said:

    This is an exciting moment, and the start of our plans for growth in the UK. We can see through the development of the Industrial Strategy and the skilled workforce in Newport that there is a real opportunity to play to the UK’s strength in advanced semiconductors, delivering greater economic security and supporting Net Zero.

    Ahead of her visit to Newport, the Chancellor will join the Invest in Women Taskforce roundtable with the Welsh First Minister which has secured over £250million of funding commitments to support female entrepreneurs in the UK.

    Through the ATF, delivered in partnership with the Advanced Propulsion Centre (APC), the government continues to unlock private investment in UK automotive design, development, and manufacturing as the sector transitions to zero emission technology. To date, the ATF and APC funding programmes have leveraged over £6 billion of investment from the private sector.

    The Autumn Budget confirmed over £2 billion for capital and R&D funding over five years for zero emission vehicle manufacturing and their supply chains. Building on the achievements of the ATF and APC programmes, this long-term commitment is a vote of confidence in the UK’s automotive industry, supporting investment and productivity growth across UK automotive.

    Mike Hawes, SMMT Chief Executive said:

    This significant investment in compound semiconductors is a huge contribution to the innovation and advanced technology necessary to drive the future of UK Automotive. British-made next-generation semiconductors will create jobs, support supply chains and enhance the UK’s strategic capabilities. Digitisation and decarbonisation are at the heart of the transition taking place amongst UK automotive manufacturers, and this investment can support that transition, aided by a comprehensive industrial strategy to deliver the growth the sector and the economy needs.

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom

  • MIL-Evening Report: Albanese to call election on Friday as Peter Dutton announces a plan to protect gas supply for Australians

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Anthony Albanese is set to announce on Friday that Australians will go to the polls on May 3, after he makes an early morning visit to Governor-General Sam Mostyn.

    The prime minster’s timing means Thursday night’s budget reply from Opposition Leader Peter Dutton will be quickly overshadowed. A day of Senate estimates scrutiny of the budget will be also be scrapped.

    In his budget reply, Dutton announced a raft of proposed spending cuts and several new measures. The one big handout, a year-long halving of the fuel excise rate, had been foreshadowed ahead of the speech.

    Dutton announced a Coalition government would introduce a National Gas Plan to secure a domestic supply of gas, and invest $1 billion in a Critical Gas Infrastructure Fund.

    The gas plan would be aimed at ensuring the local supply, putting downward pressure on prices in the medium term.

    Meanwhile, Dutton’s proposal to cut the excise on petrol and diesel came under sharp attack on Thursday from the government.

    The excise plan is the opposition’s counter to the government’s $17 billion tax cuts announced in Tuesday’s budget, which were rushed through parliament on Wednesday night. Dutton said the “so called tax cut ‘top up’ is simply a tax cut cop-out”.

    Other Coalition initiatives announced by Dutton include a new target of 400,000 apprentices and $400 million for youth mental health.

    A Coalition government would cut Labor’s $20 billion Rewiring the Nation Fund, the $10 Housing Australia Future Fund and the $16 billion production tax credits. It would also reverse the 41,000 increase in Canberra-based public service.

    In his speech, Dutton declared the election was “as much about leadership as it’s about policy”.

    “The choice is clear at the next election,” he said, declaring he would be “a strong leader and a steady hand – just as John Howard was.

    “I will make the tough decisions – not shirk them. I will put the national interest first. I will lead with conviction – not walk both sides of the street.”

    He said he had “real life experience”, pointing to his police force service and time as a small business owner. He was “someone who came from a working-class background and knows the value of hard-work and the aspiration that drives Australians.”

    Dutton declared the Coalition would “provide the moral and political leadership needed to restore law, order, and justice”.

    “Under Labor, you will get the same weakness of leadership that has compounded crime and emboldened antisemitism on our streets,” Dutton said.

    He said that “All too often, this prime minister is too weak, too late, and too equivocal”.

    Homing in on the energy issue, Dutton said “under the Coalition, energy will become affordable and reliable again”.

    He said “the only way to drive down power prices quickly is to ramp-up domestic gas production.

    The Coalition would “prioritise domestic gas supply, address shortfalls, and reduce energy prices for Australians”.

    “We will immediately introduce an east coast gas reservation.

    “This will secure an additional 10% to 20% of the east coast’s demand – gas which would  otherwise be exported.

    “Gas sold on the domestic market will be de-coupled from overseas markets to protect Australia from international price shocks.

    “And this will drive down new wholesale domestic gas prices from over $14 per gigajoule to under 10 per gigajoule.”

    The Coalition’s investment of $1 billion in a Critical Gas Infrastructure Fund would increase gas pipeline and storage capacity,

    “We will put in place ‘use it or lose it’ stipulations for gas drilling companies – so offshore gas fields are not locked-up for years.

    “And we will ensure we will have a fit-for-purpose gas trigger to safeguard supply.

    “This plan will deliver lower wholesale gas prices which will flow through the economy.”

    Dutton said this election was “sliding doors moment for our nation”.

    “A returned Albanese Government in any form won’t just be another three bleak years. Setbacks will be set in stone.”

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

    ref. Albanese to call election on Friday as Peter Dutton announces a plan to protect gas supply for Australians – https://theconversation.com/albanese-to-call-election-on-friday-as-peter-dutton-announces-a-plan-to-protect-gas-supply-for-australians-253241

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: From Farm to Table: Horticulture Development and Food Security in Uzbekistan

    Source: Asia Development Bank

    Transcript

    Makhtob Odilova, Horticulture entrepreneur

    For many this is just a field, but for me it is the story of my life.

    Bukhara region, Uzbekistan.

    Makhtob Odilova, Horticulture entrepreneur

    I started business in agriculture, because the population is growing, and demand for tomatoes and cucumbers is also increasing. Before there were no tomatoes and cucumbers in our district.

    Entrepreneurship motivates people to do new things. I studied the opportunities in Bukhara and decided to start a greenhouse business.

    Makhtob was able to grow her business with the help of ADB. The project extended $154 million to horticulture entrepreneurs, channeled through local banks.

    It helped to finance and train entrepreneurs like Makhtob in areas like climate-smart agriculture, business planning, and market expansion.  

    ADB-financed Horticulture Value Chain Development Project (2017-2023) provided 359 subloans: 220 subloans for production of modern greenhouse complexes (195) and intensive gardens (25); and 139 subloans for storage improvement (83), processing (45), taro-packaging of fruit and vegetable products (4), and agricultural machinery purchase (7).

    Makhtob Odilova, Horticulture entrepreneur

    In 2020, during the pandemic, we took another $1 million loan so that our work would not stop. Using this loan we built a new greenhouse in Kagan district.

    Geographical distribution of subloans: Andijan (3.1%), Bukhara (17.0%), Djizzak (4.2%), Fergana (7.8%), Kashkadarya (6.6%), Republic of Karakalpakstan (1.2%), Khorezm (5.8%), Namangan (4.4%), Navoi (4.1%), Samarkand (10.7%), Sirdarya (13.5%), Surkhandarya (6.6%), Tashkent (15.0%). Participating banks: Asaka Bank, Davr Bank, Hamkorbank, Ipoteka Bank, Ipak Yuli Bank, NBU, SQB, Turon Bank.

    Makhtob Odilova, Horticulture entrepreneur

    When we planted in the soil, the yield was very low. After we switched to hydroponics, the yield significantly increased. In 2020-2023, we delivered to our population and exported about 600 tons of tomato.

    Horticultural exports increased from $6oo million in 2015 to $1.15 billion in 2022. Export volume in 2022: 648,483 tons of vegetables, 318,900 tons of grapes, 305,479 tons of fruits, 136,600 tons of melons.

    To help bring food from farm to table, ADB also supported the country’s largest modern grocery retail company, Korzinka. $12 million loan helped the company build its inventory buffers for food and pay suppliers at the height of the COVID-19 pandemic.

    Kanokpan Lao-Araya, ADB Country Director for Uzbekistan

    ADB is happy to help boost food production and strengthen supply chains in Uzbekistan. This will not only help ensure food security, but will also create and preserve jobs, particularly for women and those in rural areas who depend on agriculture for their livelihoods.

    Makhtob Odilova, Horticulture entrepreneur

    My advice to women is to never be afraid of hard work. A woman should be a risk taker. Any woman can handle large business. Just believe.

    MIL OSI Economics

  • MIL-OSI United Nations: UNECE guidelines on subjective poverty open new avenue for holistic measurement

    Source: United Nations Economic Commission for Europe

    Recognizing and addressing poverty under all its dimensions, beyond traditional income or consumption-based thresholds, is essential to design more inclusive and effective policies. Subjective poverty, which reflects individuals’ perceptions of their financial well-being based on personal views and experiences, is increasingly being incorporated into poverty assessment tools alongside objective measures. This holistic approach helps capture the complexities of poverty and ensures that the voices of the poorest are heard, complementing objective measures in important ways.   

    Thanks to new guidelines for methodologies used in subjective poverty measurement published by UNECE, international and domestic policymakers will have additional means to support targeted measures to improve well-being and social stability, especially for disadvantaged populations. The document also recommends subjective poverty indicators that could be used for international comparisons. 

    Drawing on prior subjective poverty data collection strategies, namely the EU-SILC, and experience from Armenia, Austria, Mexico, Kazakhstan, The Netherlands, Switzerland, Ukraine, and the United Kingdom, the Task Force summarizes qualitative and quantitative approaches to subjective poverty measurement and analysis. Qualitative approach offers an analysis of poverty beyond the realm of specific income thresholds.  These questions include asking participants about their perceptions regarding their current financial situation and whether they consider their household poor or feeling at risk of poverty. The second group of qualitative categorical questioning focuses on specific perceptions of their own income in respect to ability to make ends meet, satisfaction, or adequacy of consumption (e.g. Deleeck question). Finally, the quantitative approach builds on money metric questions, asking respondents to provide a specific amount they consider necessary to pay usual necessary expenses (minimum income question).    

    Providing organizations with a methodological toolkit that is adaptable to independent resource constraints and research objectives, the guidelines outline procedures on defining sample populations, conducting surveys, hosting focus groups, and collecting information from administrative and registry data. Such procedures aid in eliminating sample biases and ensuring data validity and reliability errors related to responsiveness and representativeness, question wording, and plausible receipt of social transfers in-kind, differences in geographic prices, within household sharing, and cultural differentiation.  

    The guidelines were prepared by the UNECE Task Force on Subjective Poverty Measures under the Conference of European Statisticians. This follows in the footsteps of prior guidance developed by UNECE task teams, including the Guide on Poverty Measurement and the Poverty Measurement: Guide to Data Disaggregation

    MIL OSI United Nations News

  • MIL-OSI Europe: Monetary developments in the euro area: February 2025

    Source: European Central Bank

    27 March 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 increased to 4.0% in February 2025 from 3.8% in January, averaging 3.8% in the three months up to February. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 3.5% in February from 2.7% in January. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 2.0% in February from 3.3% in January. The annual growth rate of marketable instruments (M3-M2) increased to 19.8% in February from 17.3% in January.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 2.2 percentage points (up from 1.7 percentage points in January), short-term deposits other than overnight deposits (M2-M1) contributed 0.6 percentage points (down from 1.0 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (up from 1.1 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households stood at 3.4% in February, compared with 3.3% in January, while the annual growth rate of deposits placed by non-financial corporations increased to 3.5% in February from 3.0% in January. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 8.5% in February from 4.6% in January.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in February 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 3.1 percentage points (up from 2.9 percentage points in January), claims on the private sector contributed 2.2 percentage points (up from 2.0 percentage points), claims on general government contributed 0.2 percentage points (up from 0.1 percentage points), longer-term liabilities contributed -1.5 percentage points (as in the previous month), and the remaining counterparts of M3 contributed 0.0 percentage points (down from 0.2 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 1.7% in February 2025, compared with 1.6% in the previous month. The annual growth rate of claims on general government stood at 0.4% in February, compared with 0.3% in January, while the annual growth rate of claims on the private sector increased to 2.3% in February from 2.1% in January.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 2.5% in February from 2.3% in January. Among the borrowing sectors, the annual growth rate of adjusted loans to households increased to 1.5% in February from 1.3% in January, while the annual growth rate of adjusted loans to non-financial corporations increased to 2.2% in February from 2.0% in January.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Europe News

  • MIL-OSI United Nations: Apply Now: UN Voluntary Fund for Indigenous Peoples Supports Participation at 47th World Heritage Committee Session

    Source: United Nations

    The United Nations Voluntary Fund for Indigenous Peoples (UNVFIP) has extended its mandate to support the participation of Indigenous Peoples’ representatives in the World Heritage Committee, starting with the 47th session to be held at UNESCO Headquarters from 6 to 16 July 2025.

    This is a significant development that marks a milestone in the ongoing engagement of Indigenous Peoples with the World Heritage Convention and enhances their role in shaping the dialogue on the future of heritage conservation at the global level.

    Many cultural and natural World Heritage sites are home to Indigenous Peoples, who have long been at the forefront of cultural and natural heritage protection. Their diverse knowledge systems and cultural practices have ensured the sustainable management of cultural and natural resources over generations. In the World Heritage context, the vital role of Indigenous Peoples in the identification, conservation and promotion of World Heritage has been increasingly recognized as part of an evolving interpretation of the World Heritage Convention. The extension of the UNVFIP to the statutory meetings of the World Heritage Convention builds on these initiatives and opens a new chapter in ensuring the participation of Indigenous Peoples in World Heritage discussions that concern them.

    The extended mandate of the UNVFIP will enable Indigenous representatives and organizations with expertise in World Heritage to apply for grants to cover travel, accommodation, and other expenses associated with participating in the Committee’s proceedings. This funding is made possible through the generous support of the government of Australia.

    Indigenous representatives and organizations wishing to apply can find further details and the online application form. They are invited to do so by 20 April 2025.

    This historic decision by the United Nations General Assembly to extend its support for Indigenous Peoples’ participation in the statutory meetings of World Heritage Convention underscores the increasing recognition of Indigenous knowledge, stewardship and governance systems and sets a promising precedent for the future of heritage policy at the global level.

    About the UNVFIP

    The UN Voluntary Fund for Indigenous Peoples offers financial support in the form of grants which aim to help representatives of Indigenous communities and organizations to participate in UN mechanisms and processes most relevant to Indigenous Peoples.

    The Fund is financed by means of voluntary contributions from Governments, non-governmental organizations and other private or public entities. In order to respond to increasing operational demands and to fulfil its mandate in a satisfactory manner, the Fund needs support on a regular basis.

    For information on how to contribute, please contact the secretariat of the Fund.

    MIL OSI United Nations News

  • MIL-OSI United Nations: First Recorded Drop in Sudan Displacement, Yet Humanitarian Crisis Persists

    Source: International Organization for Migration (IOM)

    Port Sudan/ Geneva, 27 March 2025 – The number of internally displaced persons (IDPs) in Sudan has declined by 2.4 per cent in the last three months, marking the first decline since the crisis erupted nearly two years ago, according to the International Organization for Migration (IOM). This decrease is primarily due to people returning to their place of origin.  However, those who are going back are returning to areas with very little in the way of adequate shelter, food, infrastructure, education and other basic services.

    Since December 2024, 396,738 people have returned to their places of origin across Aj Jazirah, Sennar, and Khartoum states. This movement reflects a cautious but hopeful shift as communities seek to reclaim their homes and resume their lives after months of intense conflict. However, displacement from North Darfur and White Nile states has increased due to heightened insecurity, and across Sudan, the need for increased humanitarian assistance remains extremely high.

    “While many people are eager to return home, the conditions for safe and sustainable return and integration are not yet in place”, noted Mohamed Refaat, Chief of Mission of IOM Sudan. “Basic services including healthcare, protection, education, and food are scarce, and the lack of functional infrastructure and financial capacity will make it difficult for families to rebuild their lives.”

    According to the latest IOM Displacement Tracking Matrix (DTM) update, Sudan currently hosts an estimated 11,301,340 internally displaced persons (IDPs), including those displaced both before and after the start of the conflict. The majority of IDPs were displaced from Khartoum, South and North Darfur.  Almost four million people crossed into neighbouring countries, with the majority crossing into Egypt, South Sudan, and Chad.

    Most IDPs are living in dire humanitarian conditions, with limited access to basic services. More than half of those displaced are children, with 27 per cent under the age of five. Girls under 18 years old constitute approximately 28 per cent of the IDP population, the report reveals.

    “Nearly two years of relentless conflict in Sudan have inflicted immense suffering, triggering the world’s largest and most devastating humanitarian crisis, with over 30.4 million people – more than half of the population – in need of humanitarian assistance, including 16 million children. Recent cuts in international humanitarian aid budgets are compounding the crisis and deepening the suffering”, said IOM’s Refaat.

    The IOM Sudan Response Plan seeks  USD 250 million to assist 1.7 million people in need. However, the response plan remains drastically underfunded, with only six per cent of the required funds covered as of February 2025.

    IOM has been implementing emergency response activities since the crisis began, providing immediate life-saving aid to an estimated 3.8 million people in Sudan and neighbouring countries to date.

    Humanitarian support is critical to ensure safe returns and provide immediate relief, such as food, shelter, healthcare, and protection, and access to basic services to help these populations recover and rebuild their lives.

    For more information, please contact:

    In Port Sudan: Lisa George, lgeorge@iom.int     
    In Cairo: Joe Lowry, jlowry@iom.int
    In Geneva: Kennedy Okoth, kokoth@iom.int

    MIL OSI United Nations News

  • MIL-OSI China: China’s digital industry grows 5.5% in 2024

    Source: China State Council Information Office

    China’s digital industry showed steady growth and improved innovation in 2024, according to a Ministry of Industry and Information Technology of China (MIIT) report released on March 17.

    The ministry said the sector maintained overall stability while enhancing its structure and innovative capabilities.

    The report showed that in 2024, China’s digital industry generated 35 trillion yuan ($4.8 trillion) in business revenue, up 5.5% year on year. Profits rose 3.5% to 2.7 trillion yuan. The sector employed 20.6 million people, roughly unchanged from 2023.

    Regional growth varied across China. The eastern region saw digital sector revenue increase 6.5% year on year, accounting for 73.6% of the national total. China’s central, western and northeastern regions grew by 4.2%, 0.8% and 2.5%, respectively.

    Ten provinces and municipalities, including Guangdong, Jiangsu and Beijing, accounted for 81.5% of national digital industry revenue and 99.5% of total revenue growth.

    The ministry also noted the emergence of national-level manufacturing clusters in areas such as information technology, artificial intelligence, display technologies and integrated circuits. These clusters are expected to drive further growth in the digital sector.

    As of the end of last year, China had built a total of 72.88 million kilometers of fiber optic cables and 4.251 million 5G base stations. The country also installed 28.2 million 10G Passive Optical Network (PON) ports for homes and businesses. More than 90% of administrative villages were connected to 5G networks.

    Computing centers used over 8.8 million standard racks, with overall computing power up 16.5% from the previous year. The ministry reported accelerated construction of converged infrastructure.

    A total of 55,000 5G virtual private networks were put into use at industrial facilities, ports and the energy sector. The Industrial Internet of Things connected 506,000 enterprises through 381 second-level identification and resolution nodes. Mobile Internet of Things end users totaled 2.66 billion.

    The report noted rapid progress toward an “intelligent world” with widespread connectivity.

    In 2024, China’s electronic information manufacturing sector fully recovered. Production increased rapidly, with value added by manufacturers of computers, communications and other electronic devices above designated size rising 11.8%, up 8.4 percentage points from the previous year. The sector’s imports and exports totaled $1.8 trillion, a 6.4% year-on-year increase. 

    Production of mobile phones grew 7.8%, microcomputers 2.7%, and color TV sets 4.6%. Boosted by AI, cloud platforms, and other new business models, the software industry generated 13.7 trillion yuan in revenue, up 10% from 2023. The communications industry earned 1.74 trillion yuan, a 3.2% increase. Total business volume in the telecommunications industry grew 10% year on year.

    Key industrial chains developed well, achieving notable results. Huawei released its HarmonyOS 5 system, becoming the third most popular mobile operating system after iOS and Android. The open-source Harmony system was installed on more than 1 billion devices. The openEuler system also gained over 3.8 million users. More than 40 key standards were formulated for the AI industry. 

    Fixed asset investment in electronic information manufacturing grew 12% year on year, driven by global demand recovery and government policies to boost consumption, upgrade industries, and enhance national security and strength.

    AI, robotics and other emerging sectors became investment hotspots. AI technologies made significant progress, with large AI models quickly commercialized. AI applications in finance, government services, health care and manufacturing helped enterprises improve effectiveness and efficiency. 

    The combination of AI technologies and intelligent hardware generated new popular consumer products. AI-powered mobile phones gained market share rapidly.

    Digital enterprises expanded globally, with consumer electronics becoming increasingly competitive in overseas markets. Digital technology service providers also actively explored business opportunities with Belt and Road cooperation partners.

    MIL OSI China News

  • MIL-OSI Europe: OLAF is now on Bluesky!

    Source: European Anti-Fraud Offfice

    The European Anti-Fraud Office (OLAF) is expanding its digital presence by joining Bluesky. This new channel will allow OLAF to further engage with the public, share insights into its work and promote fraud prevention across the European Union and beyond. 

    OLAF is already active on LinkedIn and has its own website. By joining Bluesky, we aim to connect with a wider audience in an interactive environment. We look forward to engaging more with citizens, experts and institutions interested in protecting the EU’s financial interests. You can follow us at euantifraud.bsky.social to stay informed and be part of the conversation.  

    MIL OSI Europe News