Category: Europe

  • MIL-OSI Russia: HSE Opens Applications for Online Master’s Programs

    Translartion. Region: Russians Fedetion –

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

    The admissions campaign for 32 master’s programs of the HSE online campus started on April 1, five of which are opening enrollment for the first time. We tell you more about which programs are available for study entirely online.

    The Higher School of Economics is the leader among universities in the Russian Federation and the CIS in terms of the number of educational programs implemented online and the number of students studying in them. Since the launch of the country’s first English-language online Master’s degree program, Master of Data Science, in 2020, the number of students admitted to the first year has increased 12-fold.

    In December 2024, HSE was among the 11 global universities that are leaders in online education according to the Online Learning Rankings 2024 of Times Higher Education magazine, and also became the only Russian university to win gold.

    In 2025, five more new programs will be added to the portfolio, most of which are cross-disciplinary and meet the needs of emerging markets.

    The program “Applied Linguistics: Foreign Language Teaching and Translation in the Digital Environment” includes two specializations to choose from. Students can study digital methods of teaching foreign languages or the development of educational programs EdTech and professionally oriented automated translation and language localization. The program “Instructional Design: Theory and Practice of Learning”, which is close in scope, will train specialists capable of designing educational experiences and developing programs, courses and training materials.

    Another new online program, “Chinese Language in Intercultural Business Communication,” is aimed at training personnel with knowledge of the Chinese language, cultural and social aspects, as well as business approaches for effective interaction with partners from China in order to build business, scientific, and educational contacts between the countries.

    The Digital Marketing program will provide future masters with knowledge and skills at the intersection of marketing, data analysis and digital technologies for the implementation of advertising campaigns in the digital environment. And graduates of the Digital Engineering for Computer Games program will have competencies in developing games and gaming software with in-depth knowledge of engine features.

    A total of 32 programs became available for submission of documents from April 1, most of which are implemented entirely online, and for three, in addition to the online track, an offline track is also available. Applicants can choose an unlimited number of educational programs. The acceptance of documents for the online master’s program will last until August 8 or September 15, depending on the chosen program.

    Master’s programs with application deadline until August 8, 2025:

    «Big data analytics“;

    «Artificial Intelligence in Marketing and Product Management“;

    «Artificial intelligence“;

    «Applied Linguistics: Foreign Language Teaching and Translation in the Digital Environment“, HSE University – St. Petersburg (new program);

    «Applied social psychology“;

    «Design and development of high-load information systems“, National Research University Higher School of Economics – Saint Petersburg;

    «Psychoanalysis and psychoanalytic psychotherapy» (offline and online tracks);

    «Psychoanalysis and psychoanalytic business consulting» (offline and online tracks);

    «Digital Engineering for Computer Games» (new program);

    «Economic analysis“.

    Programs for which application submission is available until September 15, 2025:

    «Investments in financial markets“;

    «Data Engineering“;

    «Interactive design“;

    «IT lawyer“, HSE University – Perm;

    «Cybersecurity“;

    «Chinese Language in Intercultural Business Communication» (new program);

    «Master of Science in Data Science“;

    «Marketing management“;

    «Instructional Design: Theory and Practice of Learning» (new program);

    «Management in creative industries“;

    «Innovative Business Management“;

    «Organization and Project Management“, HSE University – Nizhny Novgorod;

    «Strategic Communications Management“;

    «Digital Product Management“;

    «Digital Urbanism and City Analytics“;

    «Digital Marketing“, HSE University – Nizhny Novgorod (new program);

    Artifice to the intelligentsian Andi Computer Vision”, National Research University Higher School of Economics – Nizhny Novgorod;

    Date analysts And Social Statistix“;

    Lay those“;

    Master of Busineses Analytics“;

    Master of the Finance“;

    Master of OF InterNATIONAL BUSINESS” (offline and online tracks).

    For each program is installed list of entrance examinations, the most common format is a portfolio competition. All of them are held remotely. Training is carried out according to standards: 2 years are allocated for a master’s degree. Upon completion of the final qualifying work, graduates will receive a state diploma indicating full-time education in Russian and English. You can sign up for a consultation to learn more about the programs, the possibility of obtaining an educational loan, and ask other questions at page.

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

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Sir Martyn Oliver’s speech at the Guildhall

    Source: United Kingdom – Executive Government Non-Ministerial Departments 2

    Speech

    Sir Martyn Oliver’s speech at the Guildhall

    Martyn Oliver, Ofsted’s Chief Inspector, spoke to educational leaders from the City of London and further afield. He talked about the importance of education and how Ofsted’s inspection improvement proposals will drive ever higher standards for children.

    Thank you. It’s really wonderful to be here in the City, and to be talking about education.

    The square mile in which we stand has contributed so much to our nation’s history, values, and of course our economy.

    The power of education

    But, even that mighty influence, pales in comparison to the power of education. I’m sure you’re not surprised to hear that from a former teacher, headteacher, and the Ofsted Chief Inspector.

    In a world of difficult choices, or trade-offs and compromises, education is one of those rare things that can solve so many problems whilst causing no new ones.

    The journey towards any target, milestone, or mission that a government, any government, can set, will be made quicker and easier through education. There are no silver bullets however, but education is probably the closest thing we have.

    It can contribute to rising growth, and falling unemployment. To reducing crime, and to increasing opportunities. To more innovation and to cutting emissions. To greater happiness and to less deprivation. To a stronger health service and less inequality. To a fairer society and a more secure nation.

    I could go on for the whole speech! But you hopefully get the idea!

    In short, education can help us achieve almost every goal we have for our young people, our society, and our country.

    Difficult choices

    But as I’ve said, we do live in a time of difficult choices. When every single penny has to be carefully considered and justified, even if there were silver bullets, there just simply isn’t enough silver.

    But it’s also important to say that just throwing more money at education is not the answer. Any money needs to be carefully targeted and justified. It needs to go where it will make the biggest difference. Where it will help the most children and particularly the most vulnerable and disadvantaged. Where it will make sure that the most able, whatever their background, can soar. And where those who need it the most will get that help.

    So, it’s not just about more money, and it can’t be.

    Ofsted’s new proposals

    That’s the context in which Ofsted is proposing a whole new approach to inspection.

    So, we have built a system to drive ever higher and rising standards for children. To deliver better information for parents to help inform choices and engage them in their children’s education. To help governors and boards, authorities and trusts, to support and guide improvement. To deliver better information to government so they can make choices about where they assign resources and support. And to reduce pressure on all those working in education so they can get on with their vital work.

    So that’s the ambition and the context in which we have designed our proposals. We want a better system, that improves the education of all children, with all the myriad benefits that that brings.

    I believe our proposals will do this in a number of ways.

    Focus on what matters

    Firstly, we are focusing on the things that really matters to a good education. We have proposed a number of evaluation areas, of different things that we will look at on inspection. And these are informed by what we know, what my experience informs me, will make a difference to a child’s education, and by what we heard from parents and children in our biggest ever survey last year, the Big Listen.

    This includes maintaining our strong focus on curriculum, on the substance of learning. It includes the achievements and the personal development of children. It includes the leadership of the school or educational provider, and how they develop their teachers and staff.

    It includes making sure children are prepared for their next step, not least for working life. Obviously, there are many purposes of education, and being ready for work is not the only one, but it is a very important part and we will not shy away from that.

    So, our inspections will specifically look at careers programmes in secondary schools. We want to see impartial advice from well-trained staff, engagement with employers, colleges and universities, and opportunities for work-experience.

    On that note, we recently had, in Ofsted, a year 12 student on work experience for a week in our London office. She experienced a wide range of activities in our communications team. She actually helped me write this speech, and I encouraged her to do so. She told us how exciting it was to work within a professional office, meet people and see the variety of jobs which keep Ofsted running. Opportunities like this show students the outcomes of hard work, what working life is like, while also giving them ideas for future careers. They are invaluable and it was fantastic to support it from the employer side as well as in schools.

    Returning to our inspections, they will also include the vital topics of behaviour and of attendance. We’re proposing, for the first time, to look at these areas separately to really get into the detail. Obviously, a school with better behaviour is more likely to have better attendance, but there is a lot more to it than that, and we want to identify what’s working and what’s not. And we want to empower schools to tackle the problems that they have in a way that works for them. Autonomy and innovation will be recognised and supported.

    We want to avoid the problem where one issue, bullying for example, causes a sort of ‘double jeopardy’ situation where it has a knock-on impact on grades in other areas. Let me give you an example, an issue about bullying could impact leadership and management, safeguarding, the quality of education, specifically the curriculum, personal development and behaviour and attitudes. But it is entirely possible that it was a behavioural management issue alone and it should be treated as such. So, as much as possible, we want to isolate our areas and shine a laser like focus on just them.

    Our proposals also include a new evaluation area for inclusion. This is something I’m particularly proud of. I’ve always said that if you get it right for the most disadvantaged and vulnerable children, you get it right for everyone. And we now have the data at Ofsted to back that up.

    Schools that get it right for children with SEND, children who are young carers, children in poverty, children facing an educational or personal setback, they’re not doing it at the expense of the other children. That’s just not how it works. So, Ofsted will recognise schools doing great work for all children through our inclusion evaluation area and by threading inclusion through all our other areas too.

    And by reporting on each individual area, not on overall effectiveness or aggregated sub judgements, we hope to paint a far clearer picture of a school. To recognise what they do well and what they could do better. Because no school is perfect, and no school is without merit. Great schools can still have weaknesses, and poor schools can still do things really well. We will recognise this complexity, and respect the intelligence of those reading our reports to understand this.

    By maintaining this focus on what matters, and by reporting on it in detail, we hope to drive ever higher standards in education. And we hope to make sure that, as standards rise, no child is left behind. No child’s potential is wasted. They only get one childhood, and they deserve every chance and opportunity.

    Built around existing standards

    As well as making sure we focus on what really matters, to children, to parents, and to the best possible education, we want to make sure that we’re not asking schools to do anything beyond what is already expected and asked of them. We don’t want leaders or teachers to be doing anything just for us, anything ‘for Ofsted’. If you’re doing the right things for your children, then you’re already doing the right things ‘for Ofsted’. Now, Ofsted has been saying this for years, but I know some of you may still be sceptical. But with this new approach, we have done all that we can to make it as clear and unambiguous as possible.

    We have built the entire toolkit, all the documents setting out clearly what we look for, on the existing professional standards teachers and leaders should be working to. On the qualified teacher standards, on the statutory and non-statutory guidance, which already set out what schools should be doing. I hope, if you take a look, you will see nothing in there that a good school, a great school leader isn’t already doing, or at least aspires to be doing.

    Let me give you an example, the Qualified Teacher Professional standards currently asks teachers to:

    “Demonstrate good subject and curriculum knowledge [and] have a secure knowledge of the relevant subject(s) and curriculum areas, foster and maintain pupils’ interest in the subject, and address misunderstandings.”

    That’s the qualified teacher standards that teachers in England should work to. So, Ofsted is going to ask:

    “Teachers explain new content clearly, connecting new information with what pupils already know and/or introducing new content and concepts in a meaningful context. Teachers revisit important content and concepts regularly so that pupils learn them securely and remember them. Teachers check pupils’ understanding systematically, identifying and remedying any gaps or misconceptions. They give effective feedback that supports pupils to improve.”

    And this is also true for any other type of educational provision. I’ve mainly talked about schools today, because I know that’s the background of many of you in the audience. But almost everything I’ve mentioned also applies to nurseries, to childminders and to further education providers and colleges. To all the education provision we inspect. About 92,000 institutions.

    We have proposed toolkits for each type of provision, tailored to what they do, to the age of their children, and to the relevant existing professional standards that they work to.

    Again, I hope this will drive higher standards in education. It will make it clearer than we ever have, that schools shouldn’t be doing anything just for the days that our inspectors come in. They shouldn’t be spending a single minute or penny on anything that isn’t in the best interests of their, your, children. That’s what we want to see. That’s all.

    And if we get this right, it will relieve pressure on teachers and leaders. By basing our standards around everything you should already be doing, and by spelling this out clearly, I hope we can eliminate some of these myths, some of the guesswork, and some of the confusion about what you should be doing. Children aren’t best served by stressed teachers, and educational standards aren’t improved when schools can’t recruit or retain the high-quality staff they need. So Ofsted wants to do its bit to help, and to again drive higher standards.

    Recognise those going above and beyond

    So, we are proposing to recognise when schools are meeting the standards expected of them through our new ‘secure’ grade. And I know there are some who want us to stop there and to say, this school has met the required standard, and that’s good enough.

    But I don’t want to just say ‘that’s good enough.’ I don’t think parents want to hear that. And I don’t think leaders and governors, like many of you, really want to say that either. I don’t think that sort of model benefits children, helps parents, or drives higher standards.

    So, we are proposing to have two additional grades above ‘secure.’ We are proposing a ‘strong’ grade, for those not just meeting the core standards but going beyond them. Schools will achieve this in areas where they’re really excelling for their children.

    And then we are proposing a new top grade of ‘exemplary.’ This will be for truly exceptional practice. For a school or other provider doing something that we believe is worthy of national recognition, that others can learn from or be inspired by.

    I believe, through these grades, we will encourage schools to always seek to improve. We will give parents a far more detailed picture of a school’s strengths and the areas to work on. And we will highlight practice that schools could look to, to inform their own improvement journeys.

    Once again, I believe this will drive higher standards in education, and all of the benefits that brings.

    Recognise uniqueness

    Of course, every school is unique. Every set of circumstances is unique. And every set of challenges is also unique. And we will recognise this too. Our proposals will do much more to recognise the context in which a school is operating.

    Because it is important to recognise what a school is achieving both in spite of and because of the picture around them, the community that they are a part of, the resources and relationships that they can draw on.

    Because a school does not operate in a bubble. The quality of the feeder nurseries or primary schools has an impact. The quality of the secondary school and the colleges has an impact. The support they get from the local authority or trust, the corporation or the liveries, their governors and their PTA, has an impact. The level of education, the relative incomes, and the languages spoken by their community has an impact. The engagement of the parents and carers has an impact. The amount of support available locally for pupils with SEND has an impact. The availability of high-quality teachers and staff in the area has an impact too.

    We will consider all of this and more. To recognise what a school has been able to achieve in that context, to place accountability for successes and weaknesses in the right place, and to highlight examples of great practice against the toughest backdrops.

    Again, through proper and proportional accountability, we hope to drive higher standards for all children, in all areas.

    Help to guide government

    We also want to help to guide government, to better target their support, their resources, and their interventions.

    To make sure that the right people and institutions are recognised for their success. And make sure improvements are targeting the root of the problem, not the just the symptoms.

    For example, think about a secondary school with poor attendance. Obviously, that might be something government wants to offer support to the school to improve. But if all of the local primaries also have poor attendance, if the school is actually doing a bit better than other local secondaries, well then the picture changes.

    If a primary school has lower than desired outcomes for their children, that obviously needs rectifying. But if many of their children are arriving unprepared for school, with little or no experience reading, perhaps not even potty trained, again the picture changes.

    If a school is struggling with behaviour, then government support, behaviour experts and other interventions could be the answer. But if the local area has problems with gangs, or very few activities and resources for children, or limited support from the local authority, again the picture changes.

    Of course, we cannot and will not lower standards. We must and we will expect the best for all children. But I believe our proposals will allow us to follow the threads, get to the root of the problem, and help government target limited resources where they will have the biggest impact. We again hope to drive higher standards for all.

    Conclusion

    I hope that I have given you a flavour of the content but also the ambition of our proposals. To focus on what matters. To make sure schools are able to dedicate everything to their children. To recognise those going beyond. To recognise every unique school in their context. And to make sure, no minute, pound, or resource is spent in the wrong place or on the wrong problem.

    But I hope you will also help us make these proposals that I’ve just outlined even better. There are some fantastic educators in this room, and many more who recognise the transformative power of education. So please take part in our consultation. It’s open until 28th April and it’s available on our website.

    But I hope you have also seen the ambition that we have and that I have for education in this country.

    In many ways, it is already remarkable. It is already something we can be proud of as a nation. Something we should thank everyone, and I thank you, for working in education.

    We are outperforming many other countries, in many ways. But we can always do better. We should never stop striving to do better. Especially for the most disadvantaged and vulnerable. That’s an area where we can and must do better.

    Our children deserve that. Thank you.

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI: NANO Nuclear Energy Bolsters its Regulatory Licensing Team with the Addition of Veteran Nuclear Professional Brent Hamilton as Director of Quality Assurance

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., April 01, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced the appointment Brent Hamilton as its Director of Quality Assurance.

    This appointment continues a series of important additions to NANO Nuclear’s engineering, scientific and regulatory licensing personnel as the Company seeks to progress its proprietary, advanced nuclear micro reactor designs through construction, demonstration, regulatory licensing and ultimately commercialization.

    Mr. Hamilton has over 26 years of quality control, quality engineering, and quality assurance experience, primarily in nuclear construction for commercial nuclear, Department of Energy projects, and nuclear fuel manufacturing. In these roles, he gained extensive experience in the development of Quality Management Systems and their implementation. Each were focused on meeting key regulatory licensing regulatory requirements, including those included as part 10 CFR Part 50, Appendix B; 10 CFR Part 70; 10 CFR Part 830; DOE O 414.1D; and/or CSA N286. His experience and knowledge are expected to be of great benefit in the identification of critical project attributes and the development of processes to validate them.

    “It is an honor to assume this role and contribute my expertise in implementing robust quality assurance programs for NANO Nuclear’s reactors in development,” said Brent Hamilton, Director of Quality Assurance of NANO Nuclear. “My background spans multiple nuclear initiatives, and I firmly believe that the U.S. nuclear industry’s future depends on innovative, dedicated teams like the one at NANO Nuclear. I look forward to helping ensure that all of NANO Nuclear’s technologies are built to the highest quality standards as we advance our plans.”

    Figure 1 – NANO Nuclear Energy Inc. Appoints Brent Hamilton as its Director of Quality Assurance.

    Mr. Hamilton is expected to bring invaluable insight and guidance as NANO Nuclear’s reactor development projects move forward. Mr. Hamilton has held quality leadership positions in projects such as: early site work for the Plutonium Processing Facility at the Savannah River National Laboratory (SRNL); development of manufacturing scale processes for TRISO fuel and establishment of a pilot facility in Oak Ridge, Tennessee; and construction of the Spent Fuel Handing Project (SFHP) for the Naval Reactors Facility in Idaho. Mr. Hamilton has spent many years involved with the construction of the AP1000 reactor projects in Georgia and South Carolina and the Depleted Uranium Hexafluoride Conversion Facility in Kentucky.

    “NANO Nuclear is rapidly expanding its roster with veteran nuclear energy professionals who have in-depth experience working closely with the U.S. Department of Energy, and Brent’s arrival reflects that trend and our commitment to retaining the best talent we can,” said Jay Yu, Founder and Chairman of NANO Nuclear. “His expertise aligns perfectly with our vision to advance our reactor designs to the next stage of development and I’m confident he will be a key contributor to NANO Nuclear’s growth.”

    “Brent is a highly experienced professional who brings a comprehensive understanding of nuclear reactor development, particularly our newly acquired KRONOS MMR Energy System and portable LOKI MMR from his tenure at Ultra Safe Nuclear Corporation,” said James Walker, Chief Executive Officer of NANO Nuclear. “His continuity in this area will be essential as we work to quickly move our reactors through the next stages of development. I am pleased to welcome a professional of his caliber to our expanding team.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements include those related to the anticipated benefits to NANO Nuclear of the appointment of Mar. Hamilton, as well as the Company’s regulatory plans in general, as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

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    The MIL Network

  • MIL-OSI: Occidental Announces Results of Offer to Exercise Warrants at a Temporarily Reduced Price

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced the results of its offer to exercise Occidental’s outstanding publicly traded warrants (the “Warrants”) at a temporarily reduced price of $21.30 per Warrant (the “Offer”). The Offer expired at 5:00 p.m. Eastern Time on March 31, 2025.

    Based on the final count by Equiniti Trust Company, LLC, the depositary agent for the Offer, 41,941,075 Warrants were tendered and not validly withdrawn (including 69,166 Warrants tendered pursuant to the guaranteed delivery procedures available pursuant to the Offer). Occidental will issue 41,871,909 shares of Occidental’s common stock, $0.20 par value per share (“Common Stock”), and receive $891.9 million of aggregate proceeds in respect of the Warrants exercised, excluding the Warrants tendered pursuant to the guaranteed delivery procedures. If all of the guaranteed deliveries are consummated in accordance with the terms of the Offer, Occidental will issue an additional 69,166 shares of Common Stock and receive an additional $1.5 million of aggregate proceeds in respect of the Warrants tendered pursuant to guaranteed delivery. The Warrants that were not tendered and exercised in connection with the Offer remain in effect at an exercise price of $22.00 per Warrant.

    The Offer was subject to the terms and conditions set forth in the Offer to Exercise Warrants to Purchase Common Stock of Occidental Petroleum Corporation, dated March 3, 2025, filed as an exhibit to Occidental’s Schedule TO filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2025.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Common Stock.

    About Occidental
    Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of America. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas, and includes our Oxy Low Carbon Ventures subsidiary, which is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. We are dedicated to using our global leadership in carbon management to advance a lower-carbon world.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements, including, but not limited to, statements about Occidental’s expectations, beliefs, plans or forecasts. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to: any projections of earnings, revenue or other financial items or future financial position or sources of financing; any statements of the plans, strategies and objectives of management for future operations or business strategy; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “commit,” “advance,” “likely” or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release unless an earlier date is specified. Unless legally required, Occidental does not undertake any obligation to update, modify or withdraw any forward-looking statements as a result of new information, future events or otherwise.

    Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Actual outcomes or results may differ from anticipated results, sometimes materially. Factors that could cause results to differ from those projected or assumed in any forward-looking statement include, but are not limited to: general economic conditions, including slowdowns and recessions, domestically or internationally; Occidental’s indebtedness and other payment obligations, including the need to generate sufficient cash flows to fund operations; Occidental’s ability to successfully monetize select assets and repay or refinance debt and the impact of changes in Occidental’s credit ratings or future increases in interest rates; assumptions about energy markets; global and local commodity and commodity-futures pricing fluctuations and volatility; supply and demand considerations for, and the prices of, Occidental’s products and services; actions by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries; results from operations and competitive conditions; future impairments of Occidental’s proved and unproved oil and gas properties or equity investments, or write-downs of productive assets, causing charges to earnings; unexpected changes in costs; inflation, its impact on markets and economic activity and related monetary policy actions by governments in response to inflation; availability of capital resources, levels of capital expenditures and contractual obligations; the regulatory approval environment, including Occidental’s ability to timely obtain or maintain permits or other government approvals, including those necessary for drilling and/or development projects; Occidental’s ability to successfully complete, or any material delay of, field developments, expansion projects, capital expenditures, efficiency projects, acquisitions or divestitures; risks associated with acquisitions, mergers and joint ventures, such as difficulties integrating businesses, uncertainty associated with financial projections or projected synergies, restructuring, increased costs and adverse tax consequences; uncertainties and liabilities associated with acquired and divested properties and businesses; uncertainties about the estimated quantities of oil, natural gas liquids and natural gas reserves; lower-than-expected production from development projects or acquisitions; Occidental’s ability to realize the anticipated benefits from prior or future streamlining actions to reduce fixed costs, simplify or improve processes and improve Occidental’s competitiveness; exploration, drilling and other operational risks; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver Occidental’s oil and natural gas and other processing and transportation considerations; volatility in the securities, capital or credit markets, including capital market disruptions and instability of financial institutions; government actions (including geopolitical, trade, tariff and regulatory uncertainties), war (including the Russia-Ukraine war and conflicts in the Middle East) and political conditions and events; health, safety and environmental (HSE) risks, costs and liability under existing or future federal, regional, state, provincial, tribal, local and international HSE laws, regulations and litigation (including related to climate change or remedial actions or assessments); legislative or regulatory changes, including changes relating to hydraulic fracturing or other oil and natural gas operations, retroactive royalty or production tax regimes, and deep-water and onshore drilling and permitting regulations; Occidental’s ability to recognize intended benefits from its business strategies and initiatives, such as Occidental’s low-carbon ventures businesses or announced greenhouse gas emissions reduction targets or net-zero goals; potential liability resulting from pending or future litigation, government investigations and other proceedings; disruption or interruption of production or manufacturing or facility damage due to accidents, chemical releases, labor unrest, weather, power outages, natural disasters, cyber-attacks, terrorist acts or insurgent activity; the scope and duration of global or regional health pandemics or epidemics, and actions taken by government authorities and other third parties in connection therewith; the creditworthiness and performance of Occidental’s counterparties, including financial institutions, operating partners and other parties; failure of risk management; Occidental’s ability to retain and hire key personnel; supply, transportation and labor constraints; reorganization or restructuring of Occidental’s operations; changes in state, federal or international tax rates; and actions by third parties that are beyond Occidental’s control.

    Additional information concerning these and other factors that may cause Occidental’s results of operations and financial position to differ from expectations can be found in Occidental’s filings with the SEC, including Occidental’s Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

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    The MIL Network

  • MIL-OSI Global: Cannabis retail expansion in Canada came with only a small uptick in the number of consumers

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    Ever since recreational cannabis was legalized across Canada in 2018, researchers have been studying what that decision changed for Canadians.

    We’ve learned, for example, that some patients immediately left the medical cannabis system, presumably to use recreational products instead. Conversely, legalization appeared to have no effect on Canadian alcohol sales.

    We’ve similarly seen how cannabis retailing has evolved since it became legal.

    Retailers suffered from product shortages during legalization’s first six months, but steadily expanded soon after. Canada went from having some 210 stores in April 2019 to 3,500 in April 2023. The ensuing competition pushed prices down 28 per cent during that period.

    Meanwhile, provincial governments have tried various regulatory approaches. Some initially restricted the number of stores to avoid tempting non-users. Québec still has 10 times fewer stores per capita than Ontario does as a result. Other provinces have set minimum prices to discourage people from overindulging. For example, Ontario won’t let wholesale prices drop below $2.28 per gram.

    These developments in business and government policy prompted my latest research. I wanted to understand what effect retail expansion had on cannabis use. To do this, I analyzed consumer responses on government surveys collected between 2019 to 2023. I then compared these responses to the recreational cannabis consumer price index and the numbers of licensed stores in each province.

    Did Canadians consume cannabis more widely, more frequently and at younger ages as it became more accessible and affordable? The answer was mostly no.

    More women and older adult consumers

    The percentage of men who used cannabis stayed around 28 per cent between 2019 and 2023 — despite retailers’ massive store growth and notable price cuts.

    But usage did grow slightly among women — rising from 21 per cent in 2019 to 23 per cent in 2023. My analysis suggests this was related to the increasing affordability of cannabis, not its retail convenience. More women consumed cannabis when prices fell, not when more shops opened.

    A similar contrast appeared between younger and older adults. Cannabis use among Canadians aged 25 and over crept upward from 21 to 23 per cent. That increase again seemed related to falling prices rather than expanding stores. Meanwhile, usage among those aged 16 to 24 varied year-to-year, but remained around 46 per cent.

    The average age of first-time use consequently rose from 19.2 in 2019 to 20.8 years old in 2023. This finding also seemed correlated with both falling prices and expanding stores.

    Same frequency, more edibles

    One thing that didn’t change much was frequency of use. About one-quarter of cannabis consumers used it five or more days per week in both 2019 and 2023.

    However, their product preferences shifted. The percentage who smoked dried cannabis decreased while the percentage of consumers who consumed edibles increased. Some consumers used both types of products, or used other products entirely — such as vapes. Both changes seemed related to prices rather than the number of retail stores. Consumers seemingly traded-up from basic dried cannabis to processed edibles as prices fell.

    So overall, Canada’s substantial retail developments came with only modest usage growth.

    The apparent relationships between usage and price might partly be coincidental. Product selection and quality also improved, so they likely contributed too. But falling prices do seem to be a plausible explanation for the increased cannabis consumption that was seen.

    The lack of relationship between stores and usage might seem surprising. After all, Canada experienced a 16-fold explosion in stores between 2019 and 2023. But this finding correlates with what my previous research found; it showed that between 2018 and 2020, there was a similar non-relationship between retail expansion of cannabis stores and usage.




    Read more:
    Cannabis store openings in Canada only slightly affected the number of users


    So, perhaps the main effect of retail stores was to draw existing users away from illegal dealers, rather than to tempt new ones.

    I suspect retailers probably influenced usage somewhat in their local neighbourhoods. For example, someone who walked by a new store daily on their way to work might have decided to try cannabis. But this effect would have been too small to appear in province-level measurements.

    Price restriction

    The findings from my study suggests some tentative lessons for regulators.

    If opening more stores has minimal impact on usage, there’s little need to limit their numbers. Provinces don’t need to ration store licenses, and municipalities (like Markham and Oakville in Ontario) don’t need to ban them.

    But since price declines tempt more consumers, it’s important for policymakers to prevent prices from getting too low.

    Other countries who are considering legalizing cannabis may want to consider these points, too.

    For example, medical cannabis use is surging in Australia, much like it was in Canada a decade ago. And Australia’s Green Party is campaigning for recreational legalization in the upcoming federal election. If that election produces a coalition government, legalization might be on its agenda. They could look at our policies and hopefully improve on them.

    Meanwhile in Germany, the previous government legalized recreational use, but not sales. So, Germans must grow their own plants or join a club that does. Commercial products are sold only through the country’s medical cannabis system. Unsurprisingly, medical use is soaring there. Based on what my research suggests, Germany will likely see similar usage growth, whether it allows stores or not. But allowing stores would mean consumers could buy products from licensed sources instead of illicit dealers.

    Canada’s cannabis legalization was controversial at the time. But some Canadians say it has become a memorable part of Justin Trudeau’s complicated legacy. Now that he’s no longer prime minister, that’s something he and his biographers can contemplate.

    Michael J. Armstrong 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. Cannabis retail expansion in Canada came with only a small uptick in the number of consumers – https://theconversation.com/cannabis-retail-expansion-in-canada-came-with-only-a-small-uptick-in-the-number-of-consumers-252008

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement on the Democratic Republic of Congo

    Source: United Kingdom – Government Statements

    Speech

    UN Human Rights Council 58: UK Statement on the Democratic Republic of Congo

    UK Statement for the Enhanced Interactive Dialogue on the Democratic Republic of Congo. Delivered by the UK Human Rights Ambassador, Eleanor Sanders.

    Thank you Madame Vice President,

    We commend the Democratic Republic of the Congo’s strong engagement with the Council during its membership so far, recognising, in particular, their leadership in convening the special session of this Council last month.

    The UK is deeply concerned by the significant deterioration of the situation in eastern DRC, where M23 and Rwanda Defence Force advances have displaced over one million people since January.

    A resolution to this conflict is vital. We encourage all parties to engage in good faith and refrain from inflammatory rhetoric.

    We are hearing horrifying accounts of human rights abuses and violations perpetrated by all parties including M23, the Rwanda Defence Force, the Armed Forces of the DRC, Wazelendo groups, and the Allied Democratic Forces.

    We urge all parties to respect international humanitarian law, protect civilians, particularly from sexual and gender-based violence, and immediately end the abduction and recruitment of children.

    Lastly, the UK reiterates its objection to the death penalty in all circumstances and, once again, urges the DRC to reconsider its decision to lift the moratorium on the death penalty.

    Madame Vice President,

    What more can the UN and the international community do to address the human rights situation in areas under M23 and RDF control?

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: The results of the conference “Reconstruction and Restoration of Architectural Heritage” were summed up at SPbGASU

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Presidium of the round table “Additional professional education in restoration”. From left to right: Chairperson of the Russian Association of Restorers, Acting Director of the State Autonomous Cultural Institution of the Leningrad Region “International Restoration Center” Tatyana Chernyaeva; Professor of the Urban Planning Department of SPbGASU Sergey Semenov; First Vice-Rector of SPbGASU Svetlana Golovina; Director of the Higher Engineering School of RUT (MIIT) Boris Igolnikov; General Director of REMMERS LLC Andrey Babich

    The anniversary 5th National (All-Russian) scientific and practical conference with international participation “Reconstruction and Restoration of Architectural Heritage” (RRAN-2025) was held at the Saint Petersburg State University of Architecture and Civil Engineering from March 24 to 28.

    The conference was attended by representatives of the Russian Ministry of Culture, state bodies for the protection of monuments, higher education institutions training architect-restorers, restoration specialists from all over Russia and abroad. The partners of the conference were the Committee for State Control, Use and Protection of Historical and Cultural Monuments (KGIOP) of the Government of St. Petersburg and the Non-Commercial Partnership “Russian Association of Restorers (Rosregionrestavratsiya)”. The conference was held with the participation of the companies “Friedlander Paints”, OOO “REMMERS” and OOO “RUNIT”.

    Plenary session

    At the plenary session “Features of Preservation and Development of Restoration Professions,” those gathered discussed prospects for cooperation, outlined development paths for the industry, and discussed new challenges facing restoration architects.

    Mikhail Mamoshin, chief architect and project manager at Mamoshin Architectural Workshop LLC, spoke about the reconstruction of the Church of the Holy Blessed Princes Boris and Gleb in St. Petersburg. The church was built in 1866–1882 and operated until 1934. Then, for over 40 years, it was used for other purposes, and in 1975, the building was demolished to make way for a new route for the Sinopskaya Embankment. Interest in the reconstruction of this site arose after the publication of an album dedicated to the lost churches of the Northern capital, which was prepared at the Department of Architectural and Urban Heritage of St. Petersburg State University of Architecture and Civil Engineering by Professor Sergei Vladimirovich Semenov and Associate Professor Nadezhda Aleksandrovna Akulova. Later, the Foundation for Assistance to the Restoration of Historical and Cultural Sites in St. Petersburg, with the support of the Union of Architects of St. Petersburg, published the book “The Lost Churches of St. Petersburg”. In 2019, the foundation announced its decision to recreate this temple. The team led by Mikhail Mamoshin was entrusted with carrying out the design work.

    Yulia Bogacheva, Deputy Chairperson of the Committee for State Control, Use and Protection of Historical and Cultural Monuments, gave a report entitled “Heritage Protection and Digitalization”. The audience learned about the KGIOP archive, the funds of which were formed in the 1930s and include documents from the beginning of the 18th century to the present day. In 2015–2017, 2,700 storage units were digitized and placed in the committee’s information system. Olga Olegovna reviewed the main digital systems and technologies used in the implementation of control (supervisory) activities, and emphasized the need for a modern comprehensive solution integrated with regional and federal geographic information systems (GIS). According to the speaker, digital transformation is impossible without the creation of a geographic information system of cultural heritage sites (GIS OKN). The implementation of the project will improve the quality and efficiency of recording, identifying, preserving, using, popularizing and state protection of cultural heritage sites (historical and cultural monuments) in St. Petersburg, and automate information exchange. The KGIOP representative also spoke about plans to develop solutions based on information regulation technologies (IRT) together with SPbGASU for analyzing and assessing the condition of architectural monuments, monitoring the condition of monuments, etc.

    Ekaterina Tribelskaya, head of the architecture department at the Moscow State Academic Art Institute named after V. I. Surikov at the Russian Academy of Arts, presented the architecture department of her university, noting that they are attentive and careful about preserving cultural heritage sites, and research them as part of coursework and diploma theses.

    Anna Smirnova, CEO of Kraski Friedlander LLC, gave a presentation entitled “Brand Cities. Cultural Heritage and Identity in Historical Cities.” The speaker listed the reasons why a city needs its own brand: this will attract investment and tourists, support traditions, create conditions for business development, and much more. In addition, this will preserve important historical foundations of color perception and preserve the identity of the environment.

    Yulia Yankovskaya, Head of the Urban Planning Department at SPbGASU, gave a report entitled “Compositional and Artistic Aspects of Architectural and Urban Planning Design – History and Modernity.” Yulia Sergeevna said that the Russian architectural school has always focused on compositional and artistic training. This is our global brand, which our Western and Eastern colleagues are guided by. Its outstanding representatives worked at SPbGASU – Yuri Kurbatov (1934-2020) and Vladimir Antoshchenkov (1933-2024). Unfortunately, according to Yulia Yankovskaya, this brand has recently begun to lose ground.

    In her presentation, Yulia Sergeevna showed the evolution of compositional training in architecture and architectural education and the development of ideas about extra-leftist form-building in the 20th–21st centuries, emphasizing that this is also a legacy that needs to be known, preserved and developed.

    In addition, Yulia Sergeevna drew the attention of the audience to two new topics discussed at the conference. One of them is monumental art in architecture and urban development. A round table and exhibition at the Faculty of Architecture, which will last until April 4.

    The conference program, in addition to five main sections in a number of areas, also included two round tables, two master classes, a lecture block, and two days of visiting restoration sites in St. Petersburg and its suburbs.

    Round table “Additional professional education in restoration”

    The round table began with a ceremony to sign an agreement on interuniversity cooperation between the Russian University of Transport and SPbGASU. The document was signed by Boris Igolnikov, Director of the Higher Engineering School of the Russian University of Transport (RUT (MIIT)) and Svetlana Golovina, First Vice-Rector of SPbGASU.

    The parties intend to exchange experience and information, organize internships for students and postgraduates, and hold joint events. Boris Igolnikov reported that the two universities are already actively interacting. The signing of the agreement will allow this interaction to reach a new level.

    Round table “Architecture, art, technology – integration mechanisms in a historical city”

    The focus of the participants of the round table “Architecture, art, technology – integration mechanisms in a historical city” was the digitalization of architectural and urban planning activities, which is being actively implemented at the state level, and its impact on the creative process of the architect and artist.

    Those gathered also considered the role of the architect-restorer, the architect-urban planner, who combines the compositional-artistic historical and creative principles, which are important to take into account when preserving and developing the environment, which is especially important when designing and organizing space and allows for the life of a modern person.

    Participants noted the need for proper management of this process, the inclusion of an urban architect and a restoration architect, the need to correctly set boundaries between areas where digitalization is important and necessary, and those where creative search remains a priority.

    Section “Experience of practical restoration and modern materials (synthesis of science and practice)”

    At the section “Experience of Practical Restoration and Modern Materials (Synthesis of Science and Practice)”, participants presented modern technologies for adapting architectural monuments, ensuring the possibility of their effective and safe operation, taking into account modern requirements. Alexey Kharitonov, associate professor of the Department of Construction Materials Technology and Metrology of SPbGASU, moderator of the section, reported that these technologies provide for minimal intervention in historical structures and materials, as they are based on the continuity of traditional construction techniques.

    “We exchanged experience in selecting restoration materials and technological schemes for conducting work using completed projects as an example. The participants were very interested in discussing the problem of capillary water suction in brick walls: completely new and scientifically substantiated ideas about the mechanism of moistening the walls of buildings and structures made of brickwork were presented. Draft national standards were presented, designed to regulate the requirements for the quality of work on the restoration of brickwork and plaster finishing,” said Alexey Kharitonov.

    Section “Monumental art in urban planning”

    At this section, experts discussed the issues of integrating works of monumental art into architecture and urban planning. If this process is well-established within the framework of restoration and reconstruction of historical monuments, then when including such works of art in modern architecture, the interaction of the architect and the monumental artist often turns out to be insufficient. Experts see the reason for this in the exclusion of this aspect from the educational process of architectural and artistic and architectural and construction universities. As a consequence, there is a lack of cooperation skills and, moreover, an understanding of the role of monumental art in modern architecture and the urban environment.

    “Our colleagues from the Department of Architecture at the V. I. Surikov Moscow State Academic Art Institute told us about training in this type of interaction (work between architects and sculptors as part of a third-year course project and a diploma project (in the latter case, it is optional)). Such interaction is not observed in other educational institutions, so the initiative of the Department of Urban Development at St. Petersburg State University of Architecture and Civil Engineering to include the works of students of monumental painting in projects to transform the urban environment is very important. It is necessary to develop this area both in object design and in architectural-environmental and urban development design,” said Yulia Yankovskaya, moderator of the section.

    Master classes

    The highlights of the conference were the master classes from the company “Friedlander Paints”: “Lime paint as part of a systematic approach to restoration based on the principle of “like to like”” and “Restoration of brick and stonework”. Experienced professionals demonstrated work on restoring the surfaces of architectural monuments, shared advice on working with materials and tools, and original paint application techniques.

    The construction company REMMERS presented an exhibition stand at the conference, telling about its restoration projects, and the magazine Vestnik Restoratsii, which it publishes. The publication was of great interest to the conference participants and students of SPbGASU.

    Visiting restoration sites

    Thematic excursions were organized for the conference participants. In the Yusupov Palace on the Moika Embankment, they viewed the ceremonial interiors that had recently undergone restoration. In the building of the St. Petersburg Conservatory, they got acquainted with the progress of the restoration work that was being completed. They viewed restoration objects in one of the palace and park suburbs of St. Petersburg – in Peterhof.

    During the conference, specialists were also able to undergo advanced training.

    Those gathered came to a general consensus on the need to create a single center for the development of restoration technologies.

    Following the conference, a collection of scientific articles will be published.

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

    MIL OSI Russia News

  • MIL-OSI Banking: BaFin warns of the Brahams & Goldbach Group

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The German Federal Financial Supervisory Authority (BaFin) is warning of offers made by the Brahams & Goldbach Group. According to its findings, the company offers, in particular, the alleged brokerage of fixed-term and overnight deposits with European banks.

    The website brahams-goldbach-group.com also presents further capital investment opportunities. The operator also appears there under the name ‘MA BV Brahams & Goldbach Group’. Addresses in Amsterdam, the Netherlands, and Brussels, Belgium, are given on the website as business addresses. In forms used by the Brahams & Goldbach Group, a further address in Pijnacker, the Netherlands, is also given.

    Anyone offering banking transactions or financial and investment services in Germany requires a licence from BaFin. However, some companies offer such services without having the required licence. You can find information on whether a particular company is authorised by BaFin in the company database.

    The information provided by BaFin is based on Section 37 (4) of the German Banking Act (Kreditwesengesetz).

    You should know this!

    BaFin issues warnings about dubious fixed-term deposit offers.

    In the ‘Recognising financial fraud’ section, you will find current warnings from BaFin about unauthorised companies and learn how you can protect yourself from further fraud on the financial market.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: £302m for further education colleges to fix dilapidated buildings

    Source: United Kingdom – Executive Government & Departments

    Press release

    £302m for further education colleges to fix dilapidated buildings

    FE college groups across England will receive a share of £302m to fix, maintain and improve their buildings under government’s Plan for Change

    Leaky roofs, broken windows and dilapidated buildings at further education colleges across England will be repaired thanks to a £302m government cash injection announced today (1 April), ensuring they can continue to break down barriers to opportunity as part of the government’s Plan for Change.

    The funding, which was announced by the Chancellor in the Budget in October, is the first condition allocation for FE colleges in two years, demonstrating the government’s commitment to investing in the next generation by fixing, maintaining and improving college buildings.

    This will also ensure FE Colleges are able to attract and retain learners, helping to boost the economy.

    The government has listened to feedback from the sector, and for the first time is giving FE colleges the discretion and flexibility to decide how the funding should be spent – recognising providers are best placed to determine their own priorities to improve the condition and prevent the deterioration of their estate. 

    Skills Minister Jacqui Smith said:

    Further education colleges are at the heart of our mission to grow the economy and train the next generation of skilled workers under our Plan for Change.

    But the college estate we inherited is simply not fit for purpose. Today’s funding addresses these issues, allowing colleges to focus on what they do best: breaking down barriers to opportunity and inspiring the workforce of the future.

    Colleges in Greater Manchester and Leeds will also benefit from a £20m boost to capacity funding for 16-19 year olds to address a shortage of places.

    The funding will create much needed places across the two areas, ensuring more learners will be able to access crucial skills training

    Among those to benefit will be Calderdale College in West Yorkshire, which will use the capital funding to expand its much-needed capacity in construction and professional trades workshops. The funding will also support the creation of an additional classroom within Mill Studios, the College’s state-of-the-art digital and creative centre.

    Andrew Harrison, Vice Principal for Corporate Services at Calderdale College, said:

    We welcome this investment from the Government’s Autumn budget, which will enable us to further enhance the experience for our students. This follows the success of our recent £7.5 million transformation project, completed in August 2024, which focused on refurbishing our ageing estate.

    As well as modernising our facilities, the project significantly improved our energy efficiency, cutting costs by 40% and making a major step forward in our carbon reduction edits.

    This follows the Chancellor’s announcement of £100 million of new investment to further build capacity in the construction sector, establishing ten new Technical Excellence Colleges. This is part of a £625m investment that will help to train up to 60,000 more engineers, electricians and builders by 2029.

    The government continues to improve post-16 education, with changes to English and maths requirements that will see up to 10,000 more apprentices qualify each year in key sectors, and new shorter apprenticeships announced during National Apprenticeship Week. Changes to end point assessments will also mean it is even easier for businesses and providers to support getting people into the workforce. 

    Last year the Education Secretary announced new Construction Skills Hubs, funded by industry, which will also speed up the training of construction workers crucial to supporting the government’s homebuilding drive. 

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement on the OHCHR report for South Sudan

    Source: United Kingdom – Executive Government & Departments

    Speech

    UN Human Rights Council 58: UK Statement on the OHCHR report for South Sudan

    UK Statement for the Interactive Dialogue on the OHCHR report on technical assistance for South Sudan. Delivered by the UK Human Rights Ambassador, Eleanor Sanders.

    Madame Vice President,

    We are grateful for today’s update and commend OHCHR’s continued provision of technical assistance in South Sudan.

    As we have heard today, the situation in South Sudan is extremely grave.

    We are deeply concerned by the increase in fighting in recent weeks. Aerial bombardments have killed civilians, and over 63,000 people are newly displaced. The arrest of the First Vice President, Riek Machar is troubling. 

    President Kiir and all leaders with control or influence over armed groups must order an immediate ceasefire to prevent the collapse of the peace agreement – and a tragic return to full-scale conflict.

    Legislation on transitional justice institutions has now been passed. But these have not yet come into existence. Elections have also been postponed, further delaying democracy, accountability and peace in South Sudan.

    The technical assistance and capacity building provided by OHCHR plays an important role. Alongside this, it is clear that the independent scrutiny of the human rights situation provided by the Commission for Human Rights is as vital today as when it was established in 2016. 

    In conclusion, we firmly believe it is time for the peaceful and democratic future promised to the people of South Sudan to be realised.

    Thank you.

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Still time to snap up tickets for Mayor’s charity rock festival

    Source: City of Wolverhampton

    It is one of the biggest fundraising events of the year for the Mayor of Wolverhampton Councillor Linda Leach’s Charitable Fund, in aid of the Beacon Centre, Age UK Wolverhampton and The Samaritans Wolverhampton.

    It opens on Friday 4 April at 7.30pm with a show at The Giffard Arms, Victoria Street, headlined by Doomsday Outlaw.

    The main event is on Saturday 5 April at KK’s Steel Mill, Frederick Street. Doors open at 1pm and headlining will be the hugely popular band Massive Wagons, whose last 4 albums have gone to the top of the UK Rock and Metal Album charts.

    Other bands on the main stage include the Virginmarys, Gin Annie, The Karma Effect, Takeaway Thieves, White Tyger and Soul Revival.

    There will be acoustic acts on the small stage in between, providing non-stop music throughout the day.

    The Giffard Arms is again the venue for the Mayors Fest’s closing gigs on Sunday 6 April; doors open at 12pm, with Seize the Void as the main act.

    Tickets are available for all venues from ticketweb – search “Mayors Fest”.

    Mayor of Wolverhampton Councillor Leach said: “I’d like to thank Doddy White and his Rockers Through the Ages team for all the hard work they have put in to organise this weekend of great rock music, along with the venues KK’s Steel Mill and The Giffard Arms for agreeing to host the festival.

    “If you like your music live and loud then please come along and have a great time at any one of the 3 shows, at the same time knowing you are doing your bit to raise money for 3 fantastic local charities, which makes it a genuine win win situation for everyone.

    “I’m looking forward to visiting KK’s on Saturday so hopefully I’ll see you there.”

    MIL OSI United Kingdom

  • MIL-OSI Russia: “Main Variables”: “Samokat” and Vyshka to Hold Joint Fashion Show

    Translartion. Region: Russians Fedetion –

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

    “Supporting new talents and creating bright projects that can influence the fashion industry is what we always strive for,” says Anzor Kankulov, Head of the Fashion Department at the HSE School of Art and Design. “And it is especially important for us to collaborate with partners who share our philosophy and see value in young designers, their fresh, unexpected outlook on things and their willingness to offer something new. We have extensive experience of successful collaborations that become landmark events, attract attention and move the industry forward. And we are glad that we are now creating a joint project with a brand that, like us, believes in the power of new ideas, innovative design and young names. This time, our collaboration is inspired by the city — its dynamics, variability, ability to transform and develop. The city is a space where changes happen, where people develop and achieve their goals. These ideas — development, movement, search for something new — became key in the concept of the collection. Our designers interpreted this image in different ways: some through architectural forms, some through fluid silhouettes, and some through unexpected combinations of textures and materials. The result is a collection that reflects the energy of the city and its endless possibilities. Soon you will be able to see the results of this collaboration, and we are sure that they will inspire you!

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

    MIL OSI Russia News

  • MIL-OSI NGOs: Amnesty Media Awards 2025: Finalists and host announced

    Source: Amnesty International –

    Full list of finalists across 10 categories announced

    Jolyon Rubinstein announced as host

    ‘It’s an honour to host the Amnesty International Media Awards 2025. Especially in what will be the final year before journalists are officially designated as enemies of the state – what a send-off!’ – Jolyon Rubinstein

    Amnesty InternationalUK has announced the full list of finalists for the 2025 Amnesty Media Awards today.

    The 10 awards categories celebrate outstanding human rights journalism over the past year and applaud the courage and determination of journalists who have shone a light on human rights issues in their work.

    Each category was judged by a panel of prestigious journalists and media workers, including Ayshah Tull (Channel 4 News), Paul Murphy (Financial Times), Stuart Ramsay (Sky News), Lindsey Hilsum (Channel 4 News), Alex Crawford (Sky News), Claire Newell (Daily Telegraph), Catherine Philp (The Times) and Ollie Stone-Lee (BBC Radio 4).

    Amnesty International is also pleased to announce actor, writer and director Jolyon Rubinstein as the host for the Amnesty Media Awards 2025 award ceremony – taking place at the BFI Southbank on Wednesday 4 June 2025 – where the winners will be revealed. The ceremony will also be live-streamed.

    Jolyon said:

    “It’s an honour to host the Amnesty International Media Awards 2025. Especially in what will be the final year before journalists are officially designated as enemies of the state – what a send-off! But with protests banned, billionaires calling the shots, and international law in tatters, what’s left to talk about? Don’t worry, though—under my stewardship, any award speech veering into ‘politically correct wokery’ will be swiftly cut off, and I promise I’ll mansplain and bluster my way through the night, blissfully unaware of what’s really going on, as only a white man can. How very 2025 of me!”

    FULL LIST OF FINALISTS

    Broadcast Feature

    BBC Current Affairs for BBC Two

    ·       Dead Calm: Killing in the Med?

    BBC News & Current Affairs, NI

    ·       Spotlight: I Am Not OK

    Channel 4

    ·       Kill Zone: Inside Gaza

    Channel 4

    ·       The Cranes Call

    Broadcast Investigation

    Airwars

    ·       The Killings They Tweeted

    BBC Eye Investigations

    ·       Settlements Above the Law

    BBC Scotland / BBC Two

    ·       Slavery at Sea

    Channel 4 News

    ·       Tortured and Abused at Sde Teiman

    Broadcast News

    Channel 4 News

    ·       Settlers in the West Bank: A Year on the Frontline

    ITV News / ITN

    ·       The White Flag

    Sky News

    ·       Sky News investigates Hind Rajab’s killing

    The Guardian

    ·       Inside the war on kush: The drug ‘mixed with human bones’ taking over Sierra Leone

    The Gaby Rado Award for New Journalist

    Aidan Tulloch

    ·       The Times

    Misbah Khan

    ·       The Bureau of Investigative Journalism

    Ornella Mutoni

    ·       The Guardian

    Sophie Neiman

    ·       New Internationalist

    Nations and Regions

    BBC Northern Ireland

    ·       Spotlight: Katie – Coerced and Killed

    BBC Northern Ireland / BBC Sounds

    ·       Assume Nothing: Murder at the Stables

    The Ferret

    ·       Saving lives in Toronto’s toxic drug crisis

    UTV

    ·       Fighting For Care

    Photojournalism

    Alixandra Fazzina

    ·       The Financial Times

    Hugh Kinsella Cunningham

    ·       The Telegraph Magazine

    Kiana Hayeri

    ·       The Guardian

    Tommy Trenchard

    ·       Geographical Magazine

    Radio & Podcasts

    BBC News

    ·       Locked Up and Abused at School – Britain’s ‘Calming Room’ Scandal

    BBC Radio 4

    ·       Our Whole Life is a Secret

    ITN / ITV News

    ·       The Trapped

    Novel & Wondery

    ·       Kill List

    Written Feature

    BBC News

    ·       Gaza Medics

    Financial Times

    ·       How extremist settlers in the West Bank became the law

    Financial Times

    ·       The Smuggler’s Daughter and Other Tales From The Gulf of Aden

    The Economist’s 1843 Magazine

    ·       Life and death in Putin’s gulag

    The Guardian & Arab Reporters for Investigative Journalism

    ·       ‘An incredible loss for Palestine’: Israeli offensive takes deadly toll on journalists

    Written Investigation

    SourceMaterial

    ·       ‘Don’t look back or we’ll shoot’

    The Guardian

    ·       The IPP scandal

    The Guardian

    ·       The brutal truth behind Italy’s migrant reduction: beatings and rape by EU-funded forces in Tunisia

    The Independent

    ·       Russia told Ukrainians with disabilities they were visiting the seaside – but they were kidnapped and disappeared

    Written News

    Big Issue

    ·       Refugees still flee war-torn Ukraine every single day. This is what their journey to safety is like

    Financial Times

    ·       FT investigation finds Ukrainian children on Russian adoption sites

    The Guardian

    ·       Mazyouna’s face was ‘ripped off’ when a rocket hit her home. Israel has refused to allow her evacuation

    The Telegraph

    ·       Children pull skulls from mass graves in Syrian killing field

    MIL OSI NGO

  • MIL-OSI United Kingdom: Labour ‘delete’ Plaid calls to implement a child payment to tackle child poverty

    Source: Party of Wales

    Welsh Government statistics published this week show that child poverty has risen by 2% to 31% in Wales, the highest rise of all UK nations. However, ahead of a Plaid Cymru debate in the Senedd on April 2nd 2025, where they will call on the Welsh Government to implement a child payment, the

    Labour Welsh Government have deleted the calls in their amendment to the original motion.

    Instead, the Welsh Government have focused once again on a ‘commitment…to engage with the Scottish Government to better understand the Scottish Child Payment and how it operates’ despite this having been a matter of discussion for a number of years in Wales.

    Plaid Cymru Social Justice spokesperson Sioned Williams has criticised the Government’s decision to delete the call, accusing Labour of ‘stalling’ and ‘refusing to take direct action on tackling child poverty’ calling it out as a ‘national stain’.

    This comes in the same week as the UK Labour Government announcement to cut almost £5 billion in welfare spending, a decision that will push a further 50,000 children into poverty across England and Wales.

    Plaid Cymru announced a direct child payment to tackle child poverty in their Spring Conference in Llandudno last week. The payment will ‘boost support by putting money in the pockets of those struggling’.

    A similar scheme in Scotland has had a transformative impact on child poverty, helping Scotland become the only nation in the UK where child poverty levels are expected to decrease.

    Plaid Cymru’s spokesperson on Social Justice, Sioned Williams MS, said:

    “Labour are failing our children and young people as the Government’s own figures released this week show.  Not only is child poverty growing in Wales, but it is growing at the fastest rate of all UK nations. This is the result of 25 years of Labour inaction in getting to grips with the national stain that is child poverty.

    “Their choice to ‘delete’ Plaid Cymru’s calls to implement a child payment is just another example of their refusal to take direct action on tackling child poverty. How long will Labour be content to talk around the issue when the actions needed are known and proven.

    “Plaid Cymru has real, ambitious, tangible solutions to tackle child poverty. In Government we will take action to support the 31% of children that are currently growing up in poverty, living in households which are struggling to make ends meet, by implementing a child payment.

    “While Labour are happy to stall, Plaid Cymru will act. While Labour chooses to cut almost £5 billion in support to the most vulnerable, Plaid Cymru look to boost support by putting money in the pockets of those struggling. While Labour are happy continuing with the status quo, Plaid Cymru offer a fresh start.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council brings key parts of its housing advice and homelessness services in house | Westminster City Council

    Source: City of Westminster

    From today, the council welcomes staff from various parts of its Housing Solutions Service (HSS) into the organisation as part of a comprehensive redesign of the service. In advancing its plans to bring elements of the HSS in-house, the Council will be able to directly address the complex needs of those facing homelessness in the borough. 

    Following last year’s announcement, the council has been working with the current providers to ensure a smooth transition for the dedicated and hard-working staff who run the services. Over 100 staff will transfer into the Council from 1st April and will be supported to integrate into the Housing Department and deliver alongside other Council services.  

    For 20 years, the Housing Solutions Service has been a gateway for those who are seeking support and advice. In recent years demand for housing in Westminster has reached an all-time high with one in fifty Londoners currently homeless, with limited housing options available. The service has seen a 302% increase in homelessness applications and a 126% increase in duty acceptances from 2017 – 2024. This has placed incredible pressure on the current service, and a new way of operating is needed to ensure a continued high-level of service is offered to residents and those facing homelessness.  

    By bringing aspects of the service in-house, the council will be able to respond directly to those in need; ensure greater connectivity across Council services and invest in more community-based prevention to help those worried about their housing situation earlier.  

    This is in line with the council’s work to deliver a Fairer Westminster and the commitment to have responsive and empathetic housing services. This reshaping is underpinned by changes to its Allocations Policy, the launch of the new Homelessness and Rough Sleeping Strategy and its temporary accommodation acquisitions programme. 

    Councillor Liza Begum, Cabinet Member of Housing Services said: “We are pleased to bring parts of this service directly under the council’s remit.  

    This is the biggest insource so far by this administration and will allow us to respond directly to get residents the support they need.” 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Westport Lake café reopens as a vibrant community hub

    Source: City of Stoke-on-Trent

    Published: Tuesday, 1st April 2025

    Westport Visitor Centre has reopened its doors for 2025, with a new tenant firing up the ovens at Westport Lake View Café.

    Westport Visitor Centre has reopened its doors for 2025, with a new tenant firing up the ovens at Westport Lake View Café.
     

    The café is now open seven days a week, Monday to Saturday 9am to 5pm, Sunday 9am to 4pm, offering a spot to relax while taking in beautiful views of the lake and its wildlife.

    Westport Lake View Café also aims to be a local community hub, with an exciting programme of activities planned to bring visitors and the local community together.
     

    Westport Lake, created alongside the Trent & Mersey Canal, is Stoke-on-Trent’s largest body of water and has two lakes and a nature reserve. The Visitor Centre offers panoramic views of the lake, which is an important site for water birds and other wildlife.
     

    Councillor Jane Ashworth, leader of Stoke-on-Trent City Council, said: “Westport Lake is a real gem in our city. We are so lucky to have it offering a peaceful retreat for families, dog walkers, and nature lovers alike.
    “What this city needs is Westport Lake Café to be a vibrant place where you can go after you’ve been for a walk around the lake, where you can go if you’ve been hiring one of the bikes or you just fancy somewhere to go or something to do – so it’s great to see this new café open and busy.
    “I wish Amy and her team all the best and encourage everyone to pop down… the bacon butties are 10/10.”
     

    Corinne, Jo, and Amy, the directors of Westport Lake View Café, said: “The first week was amazing, each day we were so busy. It’s fantastic to see regulars return to the visitor centre, and we are absolutely spoiled with views and wildlife. We have so much planned for the rest of the year, so make sure you keep an eye on our Facebook page.”
     

    To find out more about Westport Lake View Café, including community activities and the menu, go to: https://www.facebook.com/profile.php?id=61571657663173

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Greens react to ‘Awful April’ price hikes

    Source: Green Party of England and Wales

    Reacting to large price hikes that kick in today at the start of what has been dubbed ‘awful April’, co-leader of the Green party, Carla Denyer, said: 

    “Energy bills up to nearly £2000 a year. Water bills up by 31% in some areas. Basic food prices keep rising – the list goes on. People aren’t fooling around when they say today is the start of “Awful April”. Especially awful for single parents who we know will be hit hardest by these price hikes

    “These spiralling costs come on the back of axing winter fuel payments for pensioners, refusing to remove the two-child benefit cap and cutting benefits for the sick and disabled. 

    “These are political choices. Rather than making the poorest and most vulnerable in society bear the brunt of the cost of living crisis, Labour could have chosen instead to tax a tiny percentage of the wealth of multi-millionaires and billionaires. They’ve made a choice, to take money off the old, ill and disabled. 

    “Labour have again and again made the wrong choices, which has left many of the poorest households at breaking point.”

    MIL OSI United Kingdom

  • MIL-OSI Europe: Press release – MEPs approve new financial aid package for Egypt and Jordan

    Source: European Parliament 3

    On Tuesday, MEPs approved two proposals granting Jordan and Egypt loans worth €500 million and €4 billion respectively.

    The macro-financial assistance (MFA) for Egypt was adopted by Parliament by 452 votes in favour, 182 against and 40 abstentions. The MFA for Jordan was passed by 571 votes in favour, 59 against and 46 abstentions.

    Given Egypt’s critical economic and financial situation and its role as an important stabilising presence amid geopolitical tensions in an increasingly volatile region, the Commission proposed to support the country on 15 March 2024 with macro-financial assistance in the form of loans worth up to €5 billion. These break down into a short-term loan of up to €1 billion – already disbursed at the end of 2024 – and another, regular, loan of up to €4 billion to be disbursed in three instalments. Parliament approved the proposal.

    For Jordan this is the fourth MFA effort by the EU since 2013. It should help cover the country’s residual financing needs, support its structural reforms, and shore up its fiscal consolidation efforts. In January 2025, the Commission announced an additional financial package to help Jordan deal with existing financial and other challenges.

    A pre-condition for the EU granting financial assistance shall be that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees for respect of human rights.

    Quote

    Rapporteur Celine Imart (EPP, France), said:

    « This vote underlines Parliament’s support for our partners. The money for Jordan can be delivered quickly, and Parliament will enter into negotiations with member states on the proposal for Egypt with a strong mandate to make a swift agreement. Helping our partners means promoting European interests in an unstable region.”

    Next steps

    The MFA package for Jordan now needs to be formally approved by the Council before it can take effect. On financial aid for Egypt, negotiations between Council and Parliament are expected to start soon.

    Background

    These loans are part of financial support packages concluded with EU partner countries struggling with financial, economic, societal challenges, to help with structural political and economic reforms.

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: INFRASTRUCTURE DEVELOPMENT IN SHIPBUILDING CLUSTERS

    Source: Government of India

    Posted On: 01 APR 2025 3:28PM by PIB Delhi

    The various steps taken to upgrade and modernise the shipbuilding sectors across India and the shipbuilding are as under:

    (i). Ministry has amended the Shipbuilding Financial Assistance Policy(SBFAP) guidelines on 29.01.2025 to encourage more participation in the shipbuilding activities.

    (ii). The Government, in November, 2021, has released Standard Tug Designs of five variants for use by Major Ports for procurement of tugs to be built in Indian Shipyards.

    (iii). To promote indigenous shipbuilding, the Ministry of Ports, Shipping and Waterways on 20.09.2023 has revised the hierarchy of Right of First Refusal (RoFR) to be followed in any kind of charter of a vessel which is undertaken through a tender process. The revised hierarchy of RoFR is:

    (1) Indian built, Indian flagged and Indian owned

    (2) Indian built, Indian flagged and Indian IFSCA owned

    (3) Foreign built, Indian flagged and Indian owned

    (4) Foreign built, Indian flagged and Indian IFSCA owned

    (5) Indian built, foreign flagged and foreign owned

     

    (iv) Ministry of Ports, Shipping & Waterways has launched the Green Tug Transition Programme (GTTP) which aims to reduce carbon emissions and minimize environmental impact by encouraging adoption of environmentally sustainable tugboat operations.

    (v) Government has launched the Harit Nauka guidelines for inland vessels which aim to promote the adoption of greener technologies in inland waterway vessels.

    (vi). Government of India vide Gazette Notification No. 112 dated April 13, 2016 has included ‘Shipyards’ in the updated Harmonized Master List of Infrastructure Sub-sectors.

    (vii). In order to promote indigenous shipbuilding, Government has issued guidelines on 19.05.2016 for evaluating and awarding tenders for new shipbuilding orders floated by government departments or agencies including public sector undertakings for acquisition of any type of vessel(s) used by them for Governmental purposes or for their own use. Whenever acquisition of a vessel(s) is undertaken through tendering route, the qualified Indian Shipyards will have a “Right of First Refusal” to enable them to match the evaluated lowest price offered by the foreign shipyard which is aimed at increasing ship building activities in Indian shipyards.

    Further, the Government entities dealing with ship building and ship-owning are advised to ensure local content as per the Government of India Public Procurement (Preference to Make in India) Order, 2017. As per this Order, procurement of ships of less than ₹200 crores is required to be from Indian shipyards.

    (viii) Government of India, in the budget speech, 2025, has made following announcements:

    • The Shipbuilding Financial Assistance Policy will be revamped to address cost disadvantages. This will also include Credit Notes for shipbreaking in Indian yards to promote the circular economy.

    · Large ships above a specified size will be included in the infrastructure harmonized master list (HML).

    · Shipbuilding Clusters will be facilitated to increase the range, categories and capacity of ships. This will include additional infrastructure facilities, skilling and technology to develop the entire ecosystem.

    · For long-term financing for the maritime industry, a Maritime Development Fund with a corpus of Rs. 25,000 crores will be set up. This will be for distributed support and promoting competition. This will have up to 49 per cent contribution by the Government, and the balance will be mobilized from ports and private sector.

    · To continue the exemption of Basic Customs Duty (BCD) on raw materials, components, consumables or parts for the manufacture of ships for another ten years.

    Cochin Shipyard Limited, a PSU under the administrative control of MoPSW, has signed important active Memorandums of Understanding (MoUs) with international parties and the details of which are as given below:

    Fincantieri, Italy: On October 27, 2020, CSL signed an MoU with Fincantieri, Italy, to collaborate on design, shipbuilding, ship repair, and marine equipment manufacturing, as well as training and skill development.

    IHC Holland BV: On November 26, 2020, CSL signed an MoU with Dredging Corporation of India (DCI) and IHC Holland BV to facilitate the construction of IHC-designed Trailing

    Suction Hopper Dredgers (TSHDs) for DCI in India.

    Robert Allan Limited, Canada: CSL entered into an MoU with Robert Allan Limited, Canada, on February 26, 2021, for design and consultancy services related to tugs, inland vessels, harbor crafts, and specialized vessels.

    Seatrium LeTourneau: CSL signed an MoU with Seatrium LeTourneau, a division of Seatrium Offshore Technology (SOT), on November 20, 2024 for the development and execution of Jack-Up Rig projects in India under the ‘Make in India’.

    Shipbuilding financial assistance policy with a financial outlay of 4000 crore was amended in August 2023, to include flat 30% Financial Assistance for vessels where main propulsion is achieved by means of green fuels such as Methanol/ Ammonia / Hydrogen fuel cells etc. This amendment also included ‘flat 20% Financial Assistance for vessels fitted with fully electric or hybrid propulsion. Under this scheme, 78.23 crore has been disbursed towards construction and delivery of hybrid vessels, till date.

    This information was given by the Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal in a written reply to the Rajya Sabha.

    *****

    GDH/HR/SJ

    (Release ID: 2117250) Visitor Counter : 108

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: UK and Vietnam sign agreement to tackle human trafficking

    Source: United Kingdom – Government Statements

    News story

    UK and Vietnam sign agreement to tackle human trafficking

    A new joint action plan will reduce the risks of human trafficking by discouraging dangerous journeys, disrupting trafficking gangs and supporting victims.

    The UK and Vietnam are joining forces to clamp down on human trafficking by committing to a joint action plan.

    The agreement was signed yesterday, 31 March, at the Border Security Summit on Organised Immigration Crime in London by the Home Secretary Yvette Cooper and Vietnam Minister for Public Security General Luong Tam Quang. 

    The agreement commits both countries to stop traffickers from exploiting vulnerable people by discouraging dangerous journeys, enhancing information sharing and co-ordinating efforts to disrupt trafficking. It builds on a memorandum of understanding signed by the 2 countries in 2018.  

    Yvette Cooper, Home Secretary, said:  

    Human trafficking is a barbaric crime that exploits and dehumanises its victims. This government is using every lever to identify victims, safeguard survivors and punish their abusers.  

    Working closely with international partners is vital and this plan allows us to go after criminals both in the UK and Vietnam who are profiteering off people’s desperation. 

    Together with the Government of Vietnam, we are working to shut down these vile trafficking gangs and prevent more people from becoming their victims.

    Delivery of the joint action plan is supported by up to £1 million of funding over the next year through the Home Office Modern Slavery Fund. Since 2018 the UK has invested over £7 million to strengthen Vietnam’s anti-trafficking response through the Modern Slavery Fund which has identified 720 victims of trafficking and migrants in vulnerable situations, reached over 7 million people with awareness campaigns and educated 1,936 aspiring migrants to the risks of human trafficking.

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: An exhibition about students who are ambassadors of Moscow colleges has opened in the center of Moscow

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The photo exhibition “Professionals Around Us” has opened on Chistoprudny Boulevard and in Yekaterininsky Park. The exhibition features 19 inspiring stories of students from Moscow colleges who found their calling thanks to secondary vocational education. You can visit the exhibition until April 30.

    “The heroes of the project include a rescuer, a builder, a teacher, and a programmer. Each of them shared their success story and talked about the opportunities that open up for college graduates. We invite everyone to meet young professionals in Moscow,” the press service of the capital’s

    Department of Education and Science.

    Polina Durova, a final-year student at the Moscow Educational Complex “West”, is a pastry chef. She started working while still a student in a prestigious restaurant. In 2023, she won the “Young Professionals” championship in the “Pastry” category. Polina masterfully creates sculptures from caramel and chocolate, and regularly improves her skills in international pastry and cooking master classes. The girl said that she began her path in the pastry business in early childhood, when she watched cooking shows with her parents. Even then, she realized that creating desserts is a real art. Polina entered college because she decided to devote herself to her favorite hobby. According to her, she became a professional there – thanks to experienced mentors and constant practice. In college, Polina began to participate and win professional skills competitions, and the doors to the world of haute cuisine opened for her. The girl began to collaborate with the best restaurants in the city. She is currently studying in college and works as a pastry chef at a private production facility, where she creates desserts for true connoisseurs.

    Another hero of the exhibition, a final-year student of the Technical Fire and Rescue College named after Hero of the Russian Federation V.M. Maksimchuk, Philipp Smirnov, said that he decided on his future profession back in his school years, when he was in the cadet class. Once he helped a drowning man and realized that he would be a rescuer. Philipp is convinced that for this you need to be a professional, and the college promotes this. Now the young man already has the status of a rescuer, he works as a sailor-rescuer and industrial climber.

    Muscovites will also learn the story of Yegor Burinsky, a second-year student at the P.A. Ovchinnikov Polytechnic College. He learned about his profession at a college festival in 2023. It was there that Yegor first heard about the “Machine and Equipment Adjuster in Mechanical Processing” program. He was interested in how modern CNC machines work, and he decided to master this specialty. Having chosen targeted training, Yegor signed an agreement with the United Engine Corporation “Salut”. This provided a unique opportunity to begin professional practice in his first year. After just a month of studying at the college, Yegor began working in a real production facility.

    At the exhibition, you can learn about the successes of Milena Galyamova, who studies correctional pedagogy in primary school. The girl organizes events for the wards of children’s hospices of the CSKA and Vozmozhnost foundations. In addition, among the heroes is Alina Taekina, who is studying to be a graphic designer. Last year, she collaborated with one of the publishing houses and became a prize winner of the Moscow Masters and Young Professionals championships.

    Earlier, a large-scale college forum was held in the capital. It was attended by 60 thousand people. The event brought together 48 colleges that presented more than 140 in-demand specialties in 10 sectors of the Moscow economy. More than 120 master classes were organized for schoolchildren. Famous TV presenters, coaches, scientists and athletes shared their experience with the guests.

    You can learn more about the in-demand professions and specialties taught in the capital’s colleges in the section“Colleges” on the portal“School.Moscow”, in the telegram channel“Colleges of Moscow” and in the community on the social network VKontakte.

    Practical classes for students of Moscow colleges are held in modern workshops and laboratories. This contributes to the formation and development of professional skills in students and corresponds to the objectives of the national project “Youth and Children”.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/152030073/

    MIL OSI Russia News

  • MIL-OSI Russia: Sports complex and medical center to appear as part of business center in South-West Administrative Okrug

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    A 23-storey business centre with an area of 44.7 thousand square metres will be built on the territory of the former Vorontsovo industrial zone. The facility will appear as part of the implementation of a large-scale investment project (MaIP). This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “A multifunctional complex with public and office spaces will appear on Akademika Semenikhina Street near the Kaluzhskaya and Vorontsovskaya metro stations. Public spaces with commercial infrastructure with a total area of 19 thousand square meters will occupy the first five floors, with office premises located above. Construction is planned to be completed in 2026. The implementation of this large-scale investment project will create about 1.5 thousand jobs for residents of nearby areas,” said Vladimir Efimov.

    MaIP is a special status that can be granted to objects that are significant for the city and aimed at increasing the number of jobs, developing the capital’s infrastructure, and increasing investment in the Moscow economy. Preference is given to multifunctional centers, modern production facilities, high technologies, social and sports infrastructure.

    “To implement this large-scale investment project, the city allocated the company a land plot in the Obruchevsky district with an area of about 0.6 hectares. In addition to offices and infrastructure facilities, the business center is planned to accommodate an underground parking lot for 178 cars, including charging devices for electric cars,” said the Minister of the Moscow Government, head of the capital’s Department of City Property

    Maxim Gaman.

    Mosgosstroynadzor has already issued a permit for the construction of the facility. Minister of the Moscow Government, Head of the Department of Urban Development Policy Vladislav Ovchinsky clarified that the 23-story building will house 123 office spaces. Their area will range from 42 to 1,400 square meters. They will be located from the sixth to the 23rd floor. The first five will house a shopping gallery, a cafe, a supermarket, a food hall, a co-working space, a medical center, and a sports complex. Both business center employees and residents of nearby houses will be able to visit them.

    The atrium of the shopping gallery on the first floor of the building will be decorated with art objects. An area of 0.75 hectares will be landscaped next to the business center. The developer will carry out comprehensive landscaping and lay pedestrian routes. There will be a birch alley and front gardens with cozy recreation areas and benches.

    The business center will be built as part of a program for the construction of commercial and residential real estate as part of transport hub projects near metro stations and the Moscow Central Diameters.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/152035073/

    MIL OSI Russia News

  • MIL-OSI Security: Two prolific shoplifters caught in the act by Met officers

    Source: United Kingdom London Metropolitan Police

    Video has been released of the moment Met Police officers caught two prolific shoplifters as they targeted a Co-Op in Hackney.

    Donavan Soloman and Lee Moise were wearing balaclavas when they attempted to target the store in Homerton High Street on 22 December 2024.

    Neighbourhood officers, who were carrying out a proactive operation at the store in response to concerns about shoplifting, saw the incident unfold on CCTV and detained the men.

    They were arrested and taken into custody where they were later charged.

    Soloman, 37 (28.12.87), of Avenue Road, Beckenham, pleaded guilty to burglary and criminal damage at Wood Green Crown Court. He was sentenced to 10 months’ imprisonment. He had four previous convictions for theft.

    Moise, 38 (12.04.86), of Croyland Road, Edmonton, pleaded guilty to burglary and criminal damage at Snaresbrook Crown Court. He was sentenced to 12 months’ imprisonment. He had 10 previous convictions for theft.

    Inspector Mohammed Uddin, from the neighbourhood policing team in Homerton, said: “Across the Met we’re focused on tackling the most prolific shoplifters as we know the fear they cause retail workers and the negative impact their offending has on communities.

    “We’re working with local business owners to understand their concerns and we’ll continue our crackdown with operations such as this one as well as our regular patrols.”

    Neighbourhood officers in Homerton have secured prison sentences for six prolific shoplifters over the past seven months and their work continues.

    Enquiries to identify a third man involved in the incident are ongoing.

    MIL Security OSI

  • MIL-OSI United Nations: Sint Maarten Trust Fund

    Source: UNISDR Disaster Risk Reduction

    Mission

    In 2017, Hurricanes Irma and Maria devastated the island of Sint Maarten. The World Bank estimated the damages and losses caused by Hurricane Irma to Sint Maarten to be $2.73 billion. Ninety percent of all infrastructure was affected, with tourism-the country’s biggest industry taking a huge hit. 

    Due to Sint Maarten’s location and dependence on tourism, it is highly vulnerable to natural disasters, which may happen more frequently due to climate change. Sint Maarten needs to be prepared. 

    The Sint Maarten Reconstruction, Recovery and Resilience Trust Fund was launched in April 2018 as a tripartite partnership between the government of the Netherlands, government of Sint Maarten, and the World Bank to help the country rebuild stronger and more sustainably to support longer-term development priorities. 

    The current fund portfolio is US$519 million, with recipient-executed projects addressing the country’s most critical needs-strengthening institutions, building capacity, making infrastructure climate-resilient, and improving social and economic cohesion.

    MIL OSI United Nations News

  • MIL-OSI Economics: Piero Cipollone: Enhancing cross-border payments in Europe and beyond

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Regional Governors’ Meeting

    Osijek, 1 April 2025

    As we gather here today in Osijek, we stand at a crossroads in the world of payments.

    Digitalisation is driving economic progress and transforming the way we make retail payments, yet there is growing frustration that the dramatic decline in IT and telecommunications costs has not been reflected in lower fees for cross-border payments in many parts of the world.

    This has proven to be an obstacle to economic integration, including in this part of Europe. For instance, a small business owner here in Croatia trying to make a €5,000 transfer to a supplier in a Western Balkan economy that is not part of the Single Euro Payments Area (SEPA) faces costs up to 12 times higher than when sending the same amount to a counterpart within SEPA.[1]

    Such disparities are a barrier to growth. Addressing them is a priority, not only to reduce costs but also to drive economic development and bring us closer together. This is why the expansion of SEPA is so important and a key milestone on the European integration path.

    Montenegro, Albania and North Macedonia recently joined SEPA.[2] This paves the way for the payment service providers in these countries to be operationally ready to offer SEPA transfers as of October[3], facilitating transfers in euro at a considerably reduced cost. We also very much support the efforts being made in the other Western Balkan economies towards joining SEPA.

    The pressing need to enhance cross-border payments is not just a regional concern, it is a matter of urgency worldwide. As international transaction volumes have surged, outstripping GDP growth, the economic toll of inefficient cross-border payments has continued to mount. Despite technological advancements and recent improvements, progress is heterogeneous across countries and cross-border payment transactions remain expensive and slow in many places.

    Moreover, the shifting geopolitical landscape has introduced a new dimension to this challenge. Rising geopolitical tensions have spurred initiatives to create alternatives to existing global infrastructure. This could lead to fragmentation of the global financial system into multiple, non-communicating blocs, which would further hamper the efficiency of cross-border payments and contribute to the refragmentation of trade and investment. In parallel, the emergence of stablecoins – which the United States intends to promote worldwide[4] – brings its own risks, including for currency substitution.

    The Eurosystem is responding proactively to these challenges in line with the G20 Roadmap for enhancing cross-border payments.[5] Our approach rests on two pillars: on the one hand, harnessing the potential of fast payment systems to enhance the efficiency of cross-border payments and deliver tangible improvements in speed and cost; on the other, continuing to respect the sovereignty and stability of our partners. This can be achieved by interlinking fast payment systems across countries. In other words, we are aiming to address inefficiencies and build lasting connections that are rooted in trade openness and balanced relationships with our partners – goals which have long been a hallmark of the European approach to economic integration.

    Today, I will focus on three points. First, I will examine the current state of cross-border payments. Second, I will discuss how geopolitical fragmentation is creating a further imperative to act. Lastly, I will present the Eurosystem’s strategic response to these challenges, which includes initiatives such as interlinking fast payment systems and exploring the possible use of a digital euro in third countries.

    The state of cross-border retail payments

    Over the past few decades, the world has witnessed a significant surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. Cross-border payment flows are projected to double to €268 trillion by 2030.[6] But despite this significant expansion and the improvements that have resulted from international efforts, international payments too often remain prohibitively expensive and inefficient.[7]

    While domestic payments have undergone a digital revolution – becoming faster, cheaper and more accessible – cross-border transactions have yet to fully benefit from these technological advancements.[8] The average cost of international retail payments remains high: for nearly one-quarter of global payment corridors, costs exceed 3%. And in too many cases, cross-border payment is still slow: one-third of retail cross-border payments took more than one business day to be settled in 2024.[9]

    These inefficiencies raise three pressing issues that demand our attention.

    First, high costs and slow transaction times are undermining economic integration and growth. Small and medium-sized enterprises (SMEs), which form the backbone of many economies are disproportionately affected. For SMEs operating on tight margins, exorbitant fees are not just an inconvenience but a barrier that often discourages them from engaging in cross-border trade. According to research by the World Bank, in 2023 it cost SMEs about ten times more to transfer €5,000 between Western Balkan economies than between EU countries.[10]

    Second, the world’s most vulnerable groups – such as migrant workers sending remittances home – bear a disproportionate share of these costs. Remittances are a lifeline for millions of families worldwide, supporting one in nine people globally. Yet sending money home remains prohibitively expensive in many regions. The cost of remittances to the Western Balkan economies averaged 6.7% until recently[11], only slightly below the 7.7% paid in Sub-Saharan Africa[12]. The impact that reducing these fees will have on financial inclusion and well-being cannot be overstated. The World Bank has estimated that by meeting the global Sustainable Development Goal target of 3%, the Western Balkan economies would save approximately half a billion euros per year.[13]

    Third, the inefficiencies affecting cross-border payments have created a vacuum that alternative players, particularly in the crypto-asset space, are eager to fill. However, many of these solutions come with significant risks that cannot be overlooked. Unbacked crypto-assets, for instance, are highly volatile and speculative in nature, creating risks for unsuspecting households and businesses.

    Furthermore, the United States’ push to maintain the dollar’s global dominance through the promotion of stablecoins worldwide presents its own set of challenges. While stablecoins may be touted as the solution to a problem, they in fact create new problems that require a solution. Unless they are properly regulated according to the Financial Stability Board principles (as achieved in Europe through the Regulation on markets in crypto-assets[14]), they cannot guarantee convertibility at par value at all times and are susceptible to runs. They may thus destabilise the very system they are meant to improve. Also, because 99% of stablecoins are denominated in US dollar and their expansion could leverage the global customer base of big tech companies[15], they could considerably increase currency substitution risks, leading to “digital dollarisation”.[16] This would impair the effectiveness of domestic monetary policy and increase financial stability risks by amplifying capital outflows in response to negative shocks. This could have a destabilising effect on emerging markets and less developed economies, particularly small economies integrated in global value chains.[17]

    Geopolitical fragmentation

    That brings me to my second point: the fundamentally changed international order and its potential to fragment payment systems worldwide.

    Rising geopolitical tensions are reshaping the very foundations of cross-border payments and endangering the global rules-based system. This could challenge established correspondent banking networks and messaging systems such as Swift.

    At a time when we should be integrating payment systems to reduce their complexity and cost for users, separate platforms have sought to create alternatives to existing global infrastructures. This trend began as early as 2013 when Iran, in response to its exclusion from Swift, created its own messaging system. Russia followed suit in 2014 with the System for Transfer of Financial Messages after its annexation of Crimea. China’s Cross-Border Interbank Payment System, launched in 2015, has seen remarkable growth, with over 1,500 financial institutions using it in 2024, a number that has more than doubled since 2018.

    The pace of these initiatives has accelerated significantly since Russia’s invasion of Ukraine. In the past two years alone, we have seen nearly 20 new initiatives from countries in emerging markets aimed at bypassing Swift and western correspondent banks. At the BRICS Summit in October 2024, member countries agreed to explore the feasibility of establishing an independent cross-border settlement and depositary infrastructure, BRICS Clear.[18]

    These developments raise serious concerns about the potential fragmentation of the global financial system. We could face disrupted international capital flows and reduced efficiency as the system risks being splintered into multiple, non-communicating blocs.

    For the euro’s international role[19] to contribute to preserving a stable and integrated financial system, the euro needs to provide the benefits of a global public good.[20] We must ensure it can reliably connect various parts of the global payments system and deliver tangible benefits in terms of speed and cost, while respecting the integrity, sovereignty and stability of our partners.

    The Eurosystem’s strategy for efficient and open cross-border payments

    In this context, the European Central Bank (ECB), together with euro area national central banks, is promoting a strategy for the integration of global cross-border payments to address inefficiencies while maintaining openness. This strategy rests on two main initiatives.[21]

    Interlinking fast payment systems

    The first is the interlinking of fast payment systems. Over the past decade, central banks have made significant improvements to the backend infrastructure for facilitating payments, thereby fostering the digitalisation of domestic payment systems. As of today, over 100 jurisdictions worldwide have implemented their own fast payment systems.[22] There is already evidence that the global network of fast payment systems tends to be segmented along geopolitical lines[23], but interlinking these systems could help overcome this fragmentation and extend the benefits of digitalisation to cross-border payments.

    This approach offers several advantages. It would reduce costs, increase the speed and transparency of cross-border payments and shorten transaction chains. It would also enable payment service providers to conduct transactions without having to use multiple payment systems or a long chain of correspondent banks. Moreover, it would ensure that the platform to connect and convert currencies would be managed as a public good, thus avoiding closed loops and discriminatory pricing. Accordingly, the G20 Roadmap has identified interlinking as a key strategy for enhancing cross-border payments.[24]

    Europe serves as a compelling example of what this interconnected payments landscape might look like. Within the euro area, account holders can transfer funds instantly 24/7 through the TARGET Instant Payment Settlement (TIPS) service. A key feature of TIPS is that it is a multi-currency platform that settles instant payments within a payment scheme – the SEPA Instant Credit Transfer scheme – governed by uniform rules, standards and protocols, avoiding the risk of fragmentation.

    Taking advantage of this multi-currency feature, Sweden is already using TIPS for making fast payments in kronor.[25] Denmark will do the same as of this month[26] and Norway as of 2028[27].

    In October 2024 the ECB’s Governing Council decided to take concrete steps towards interlinking TIPS with other fast payment systems to improve cross-border payments globally.[28]

    First, a cross-currency settlement service will be implemented within TIPS. This will make it possible for instant payments originating in one TIPS currency to be settled in another. Initially, this service will enable cross-currency payments between the euro area, Sweden and Denmark.[29]

    Second, a cross-currency settlement service will be implemented for the exchange of cross-border payments between TIPS and other fast payment systems globally.[30] This will allow to explore interlinking TIPS with fast payment systems that have a compatible scheme, are interested in being involved and ensure full compliance with the standards set by the Financial Action Task Force to combat money laundering and terrorist financing.

    Third, the Eurosystem will explore connecting TIPS to a multilateral network of instant payment systems through Project Nexus, led by the Bank for International Settlements (BIS).[31] By connecting to Nexus, TIPS could evolve into a hub for processing instant cross-border payments to and from the euro area and other countries that are using TIPS.[32]

    Fourth, the Eurosystem is currently assessing the feasibility of creating a bilateral link with India’s Unified Payments Interface (UPI).[33] UPI has the highest instant payment transaction volumes in the world, with close to 500 million transactions per day[34], and India is among the top ten recipients of euro area remittances.

    We are going even further to address the situation in the Western Balkans, since most countries in the region do not yet have a fast payment system.[35] As a service provider for TIPS, Banca d’Italia is working with the central banks of Albania, Bosnia and Herzegovina, Kosovo and Montenegro to develop an instant multi-currency payment system based on TIPS software, with North Macedonia potentially joining at a later stage.[36] The new platform will make it possible to pay instantly within each country and across countries. It will also ease the path towards enabling instant payments between participating countries and the euro area.

    The international role of the digital euro

    Now let me turn to the second initiative we are exploring to enhance cross-border retail payments, namely the creation of a digital euro and its use in third countries.

    A digital euro would be a central bank digital currency, an electronic equivalent to cash. It would complement banknotes and coins, giving people an additional option that they could use free of charge for any digital payment across the euro area. It would work both online and offline in shops or when making person-to-person or e-commerce transactions. Moreover, it would provide a European infrastructure that could be used by private payment service providers to offer their own solutions across the continent, thereby fostering competition and innovation.

    While the digital euro would primarily be used in the euro area, it is worth considering its possible international use. The current draft legislation foresees an approach that respects the sovereignty of third countries, mitigates potential risks for them and offers them new opportunities.

    Non-euro area residents could have access to the digital euro when visiting the euro area temporarily by setting up an account with a European payment service provider. We also believe that we could enable merchants outside the euro area to accept digital euro payments from euro area residents.[37]

    Moreover, users outside the euro area could be granted permanent access to the digital euro subject to an agreement between the EU and third countries, complemented by an arrangement between the ECB and the respective central banks.[38]

    In any case, use of the digital euro in third countries would be implemented gradually and with the appropriate safeguards to ensure that it would be used primarily as a means of payment and would not stoke currency substitution. For instance, individual holding limits for users outside the euro area would not be allowed to exceed the limits set for euro area residents and citizens.

    Moreover, the digital euro’s design includes multi-currency enabling features similar to those of TIPS. In practice, this means that non-euro area countries could use the digital euro infrastructure to offer their own digital currencies, thus facilitating transactions across these currencies. The digital euro could therefore provide a solution for offering and transferring central bank digital currencies internationally and serve as a platform for innovation in cross-border payments. On this basis, the digital euro could facilitate cross-border payments and remittances, making them more efficient and cost-effective.

    Conclusion

    Let me conclude.

    We find ourselves at a pivotal moment in the evolution of cross-border payments. The current geopolitical landscape threatens to fragment our global payment systems, potentially leading to inefficiencies and reduced transparency. However, this challenge also presents an opportunity for positive change.

    The region where we are meeting today exemplifies the challenges we face, what we can achieve through collaboration and the potential for further progress.

    As we move forward, our goal is clear: we must develop safer, more accessible alternatives that make global payments cheaper, faster and more transparent, without compromising on integrity, stability and sovereignty.

    The time for action is now. Through innovation, interoperability and a commitment to open financial markets, we can build a global payment system that is resilient to geopolitical shifts and can support economic growth and financial inclusion worldwide.

    MIL OSI Economics

  • MIL-OSI: TransUnion Completes Acquisition of Credit Prequalification and Distribution Platform Monevo

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 01, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE:TRU) today announced the completion of the acquisition of Monevo from Quint Group Limited. The news follows January’s announcement that TransUnion had signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalized credit offers to consumers via comparison websites and other third parties. TransUnion had previously held 30% of the equity of Monevo after acquiring a minority stake in 2021.

    “We are delighted to welcome Monevo into the TransUnion family,” said Steve Chaouki, President, U.S. Markets, TransUnion. “We anticipate that Monevo’s platform will enhance our portfolio and our proposition to lenders. Prequalification, or eligibility, is critical to the consumer lending process, which supports our mission to make trust possible in global commerce and helps us to deliver on our wider goal of using Information for Good®.”

    Monevo’s platform enables comparison websites and other online brands known as publishers to embed highly personalized credit offers, predominantly in the U.K. and U.S. markets. Working with over 150 banks and credit providers globally, Monevo’s centralized technology and decisioning infrastructure integrates lenders and publishers, allowing them to deliver better outcomes to consumers who are searching online for credit offers. Those consumers are able to see their likelihood of being approved for credit products before applying with lenders, instilling confidence and removing unnecessary searches that have the potential to impact their credit scores adversely.

    “Monevo’s proposition enables credit distribution for some of the world’s largest banks and lenders, supporting our aim to improve access to credit for consumers,” said Madhu Kejriwal, Regional President, TransUnion U.K. & Europe. “We expect that the acquisition will further enable publishers and lenders to benefit from improved economics, while consumers experience a more compelling and personalized online credit shopping experience – receiving tailored offers that won’t impact their credit scores.”

    “Today Monevo powers credit distribution for some of the world’s largest banks and lenders, achieved through a world-class technology platform and powerful, mutually beneficial relationships in both the U.S. and U.K. markets,” said Greg Cox, Founder & CEO of Quint Group and Monevo. “This acquisition is the natural next step for Monevo. With TransUnion, we expect that the business will be able to leverage new resources and access new markets, allowing it to continue to realise its potential and improve access to credit on a global scale.”

    The terms of the transaction have not been disclosed. The transaction was funded via existing cash-on-hand and is not expected to have a material impact on leverage, liquidity or TransUnion’s 2025 operating results.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including the United Kingdom. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.

    Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    For more information, visit www.transunion.com

    TransUnion Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.

    Factors that could cause actual results to differ materially from those described in the forward-looking statements include: failure to realise the synergies and other benefits expected from the acquisition of Monevo;  the possibility that the acquisition, including the integration of Monevo, may be more costly to complete than anticipated; business disruption following the acquisition closing; risks related to disruption of management time from ongoing business operations and other opportunities due to the acquisition; the effects of pending and future legislation and regulatory actions and reforms; macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets and other macroeconomic factors beyond TransUnion’s control; risks related to TransUnion’s indebtedness, including our ability to make timely payments of principal and interest and our ability to satisfy covenants in the agreements governing our indebtedness; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on TransUnion’s website (www.transunion.com/tru) and on the Securities and Exchange Commission’s website (www.sec.gov). Many of these factors are beyond our control. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.

    Contact Dave Blumberg
    TransUnion
    E-mail david.blumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network

  • MIL-OSI: Limekiln Wind Farm, Scotland: Boralex’s First Production Site in the United Kingdom Now Operational

    Source: GlobeNewswire (MIL-OSI)

    EDINBURGH, United Kingdom, April 01, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce that the Limekiln Wind Farm and all its turbines are operational. Limekiln Wind Farm, located near Thurso in Caithness, is the Corporation’s flagship project in Scotland and its first operational site in the United Kingdom, with an installed capacity of 106 MW.

    “I am extremely proud of the Boralex team, whose expertise and dedication over the past few years have enabled us to reach this historic milestone for the company today,” said Patrick Decostre, President and CEO. “The UK is a key geography in achieving our growth and diversification objectives, and the operation of Limekiln Wind Farm enables us to strengthen our strategic position in the UK, while contributing to the global energy transition.”

    “The operational phase announced today is a major step towards achieving our ambition of increasing our portfolio of ready-to-build and operational renewable energy assets in the UK, a market with high development potential, to 1 GW by 2030,” said Nicolas Wolff, Senior Vice President and General Manager, Europe. “It is also the result of valuable consultation work with local communities carried out by our teams, who have been present on the ground since the very first stages of the project.”

    Limekiln Wind Farm consists of 24 Vestas V136-4.5MW wind turbines, measuring 150m to the tip of the blade. Apart from zero-carbon electricity, the wind farm will also deliver a full package of social, economic and environmental benefits, including biodiversity enhancements such as a native species planting scheme and a peat restoration programme, as well as a Community Benefit Fund of over £500,000 annually for the life of the project.

    This project benefits from a government-backed 15-year Contract for Difference (CfD) that will start in April 2028. Boralex has entered into a power purchase agreement (PPA) with Statkraft, one of the leading PPA providers in the UK, to cover the period between commissioning of the wind farm, and the beginning of the CfD.

    In addition, the project offers local employment opportunities: the site’s operation would support at least 8 direct jobs and around 50 indirect jobs. Lastly, the wind farm will provide sufficient electricity to meet the needs of around 100,000 British homes every year, based on the average generation mix of UK power sources.

    For more information, please visit the Limekiln Wind Farm page on our website.

    Boralex accelerates its development in the United Kingdom

    The operation of Limekiln Wind Farm comes at a time of strong growth for Boralex in the UK. Since 2023, the Company has expanded its team from 10 to 23 renewable energy professionals and aims to recruit more than a dozen new employees by the end of the year in all departments. Two major milestones were reached in the past year, with the closing of financing and the signing of the Corporate PPA for Limekiln Wind Farm. Boralex also acquired the Sallachy (wind – up to 50 MW) and Clashindarroch Extension (wind – 145 MW and storage – 50 MW) projects. Boralex opened a new office in Ringwood, in the south of England, in January 2025, allowing it to continue its growth in this region and in Wales.

    Caution Regarding Forward-Looking Statements

    Some of the statements contained in this press release are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have development activities and production facilities in the United States and the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. Our pipeline of projects and growth path total over 8 GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

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

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438 883-8580
    camille.laventure@boralex.com

    Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514 213-1045
    stephane.milot@boralex.com

       
    MEDIA – UNITED KINGDOM  
    Marlies Koutstaal
    Communications Manager

    Boralex United Kingdom

    07876 341561
    marlies.koutsaal@boralex.com

     
       

    Source: Boralex inc.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d9ca4d0-9894-41e3-9bb7-e3a68e59e4b5

    The MIL Network

  • MIL-OSI: Results of the Offering of Bigbank AS AT1 Bonds

    Source: GlobeNewswire (MIL-OSI)

    The Management Board of Bigbank AS approved the final allocation of the private placement of notes qualifying as Additional Tier 1 (AT1) own funds of the bank. A total of 300 bonds, each with a nominal value of EUR 10,000, were allocated to 38 investors. The initial issue volume of 3 million euros was fully subscribed.

    Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 28 February 2025, the bank’s total assets amounted to 2.9 billion euros, with equity of 275 million euros. Operating in nine countries, the bank serves more than 169,000 active customers and employs over 500 people. The credit rating agency Moody’s has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2.

    Argo Kiltsmann
    Member of the Management Board
    Tel: +372 53 930 833
    Email: Argo.Kiltsmann@bigbank.ee 
    www.bigbank.ee

    The MIL Network

  • MIL-OSI Europe: Written question – Condemnation of the Commission’s biased report on combating anti-Muslim hatred – E-001138/2025

    Source: European Parliament

    Question for written answer  E-001138/2025
    to the Commission
    Rule 144
    Christophe Bay (PfE), Anna Bryłka (PfE), Hermann Tertsch (PfE), Irmhild Boßdorf (ESN), Catherine Griset (PfE), Anna Maria Cisint (PfE), Julien Sanchez (PfE), André Rougé (PfE), Gilles Pennelle (PfE), Marie-Luce Brasier-Clain (PfE), Ondřej Knotek (PfE), Séverine Werbrouck (PfE), Angéline Furet (PfE), Pascale Piera (PfE)

    In October 2024, the Commission gave support to and circulated a report entitled ‘The legal framework to combat anti-Muslim hate in the European Union’, which had been drawn up by the European network of legal experts in gender equality and non-discrimination and funded by George Soros’s Open Society Foundations in particular.

    The report equates any criticism of radical Islamism with systemic discrimination, thus obscuring the genuine threats posed to our democracies by what is a totalitarian ideology. It seeks to hamper any political or legal action against Islamism.

    The Rassemblement National political party would point out that its fight is against Islamism, not Muslims. Secularism is a fundamental value of the French Republic; it is enshrined in Article 1 of its Constitution. By equating any opposition to Islamism with a form of structural racism, the report deprives public policies to combat extremism of their legitimacy.

    In this context:

    • 1.Can the Commission explain why it has published and thus endorsed a report that legitimises a culpable complacency towards Islamism?
    • 2.What action does it intend to take to correct that stance and ensure that combating Islamism is one of its priorities?

    Supporters[1]

    Submitted: 18.3.2025

    • [1] This question is supported by Members other than the authors: Jean-Paul Garraud (PfE), Julien Leonardelli (PfE)
    Last updated: 1 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Democracy and the rule of law in Romania – cancellation of the presidential election and exclusion of Călin Georgescu – E-001115/2025

    Source: European Parliament

    Question for written answer  E-001115/2025
    to the Commission
    Rule 144
    Siegbert Frank Droese (ESN)

    • 1.What is the Commission’s view of the fact that Călin Georgescu was not admitted to the Romanian presidential elections, and does it consider it compatible with the principles of democracy and the rule of law under EU law?
    • 2.Does the Commission consider the decision of the Romanian authorities to be in breach of the right to political participation and free elections enshrined in the EU Treaties, and if so, what steps does it intend to take?
    • 3.Given the growing doubts concerning the democratic independence of national governments in the EU, how is the Commission ensuring that Romania complies with its obligations to uphold the fundamental principles of democracy and the rule of law?

    Submitted: 17.3.2025

    Last updated: 1 April 2025

    MIL OSI Europe News