Category: Europe

  • MIL-OSI Global: The Secret Garden by Frances Hodgeson Burnett was an early work of climate fiction

    Source: The Conversation – UK – By Davina Quinlivan, Lecturer in English and Creative Writing, University of Exeter

    I grew up in a mixed-heritage family. Both of my parents’ childhoods were deeply affected by colonialism in India and they often told me stories about this period in their lives. As a result, I inherited a sense of place and a feeling for a country which was never my home.

    It’s a strange feeling, which I still struggle to put into words, though I tried in my memoir, Shalimar: A Story of Place and Migration, which holds at its heart the sensation and imagery of India’s climate and its wildlife. India, for me, will always coexist with English weather and the roses my father tended to in our modest, suburban home in Hayes, west London.

    While we now have beautifully written, tender children’s books which address colonial history, from Nazneen Ahmed Pathak’s City of Stolen Magic (2023) to Jasbinder Bilan’s Nush and the Stolen Emerald (2024), The Secret Garden still holds a powerful spell over me. That’s because of its representation of nature and its use of fiction to tell a story about England and India, two countries brought together through the healing space of the garden.

    I believe that re-contextualising A Secret Garden as an early work of climate fiction – a type of storytelling that imagines how climate change could shape our world – is an apt way to rethink this classic tale.


    This article is part of Rethinking the Classics. The stories in this series offer insightful new ways to think about and interpret classic books and artworks. This is the canon – with a twist.


    Published in 1911, The Secret Garden unfolds against the backdrop of the fictional Misselthwaite Manor and its walled garden on the Yorkshire Moors.

    While Yorkshire and its thick sheets of rain, enveloped in mist and fog, is portrayed vividly by Hodgeson Burnett, the ghostly heat and skies of India are also woven throughout the book’s micro-climates. Hodgeson Burnett’s attention to nature is masterful and magical:

    One knows it sometimes when one gets up at the tender solemn dawn-time and goes out and stands out and throws one’s head far back and looks up and up and watches the pale sky slowly changing and flushing … And one knows it sometimes when one stands by oneself in a wood at sunset and the mysterious deep gold stillness slanting through and under the branches seems to be saying slowly again and again something one cannot quite hear, however much one tries.

    The climates of India and Yorkshire blur into a new reality when seen through the eyes of the book’s central protagonist, the recently orphaned Mary Lennox. She is sent to live with her uncle after her parents die of cholera in colonial Calcutta.

    Wilful and fiery, Mary’s grief and rootlessness seems to be unending until she follows a twitching robin into a walled garden. There she befriends other children including her cousin Colin, who uses a wheelchair, and the gardener, Weatherstaff.


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    The hidden sanctuary and wonder of the garden is intertwined with Mary’s inner world and her search for solace after the loss of her parents. Her resilience thrives and blooms, particularly when she becomes a storyteller and draws the other children into this secret place through her tales of adventure.

    Here, the telling of the “story” of the garden is as important as the experience of the garden itself. This is where fiction does its work – we need stories like this to recover a sense of care in times of ecological crisis.

    Last year saw the launch of the Climate Fiction Prize, a vital endeavour to specifically support literary fiction as a cultural form which permits writers the freedom to imagine alternative paths for human existence. The Secret Garden is a work of such imagination, of transformation from otherwise impossible states of crisis and inertia.

    Beyond the Canon

    As part of the Rethinking the Classics series, we’re asking our experts to recommend a book or artwork that tackles similar themes to the canonical work in question, but isn’t (yet) considered a classic itself. Here is Davina Quinlivan’s suggestion:

    Shaun Tan’s Tales From the Inner City (2018) is a beautiful and extremely moving collection of illustrated, eco-centric stories exploring the relationship between humans and animals in urban environments.

    Tan is well known for his elegiac and often uncanny, playful storytelling and Tales From the Inner City skilfully braids these aesthetic values with a powerful message of hope and compassion for the wild and domestic creatures we share our world with. While there is no explicit reference to the climate crisis, Tan’s exquisite images illustrate stories of kinship between humans and dogs, snails, whales, pigeons, cats and tigers – all bound to each other as intertwined species.

    Set within cities, the wild beauty of each animal seems enlarged, as does the poignancy of each story, reminding us of what we have to lose. Some of the creatures literally morph into giant versions of themselves, eerie against Tan’s various backdrops of urban space. In one story, two tiny humans are seen being carried through stormy waters, perched between the ears of an enormous cat. It’s an indelible image of hope and survival in the wake of environmental devastation. Tan’s imaginative power is utterly extraordinary.

    Davina Quinlivan is an AHRC-funded StoryArcs Fellow based in the Department of English and Creative Writing at The University of Exeter. She is also an Artistic Lead with Emblaze, an imprint of Paper Nations. Paper Nations is an award-winning creative writing incubator illuminating stories of colour in the South West, funded by Arts Council England and produced by The Story Society, Bath Spa University.

    ref. The Secret Garden by Frances Hodgeson Burnett was an early work of climate fiction – https://theconversation.com/the-secret-garden-by-frances-hodgeson-burnett-was-an-early-work-of-climate-fiction-250338

    MIL OSI – Global Reports

  • MIL-OSI Global: After months of Trump’s shock tactics, whistleblower groups are pushing back against attacks on workers’ rights

    Source: The Conversation – UK – By Kate Kenny, Professor of Business and Society, University of Galway

    Julio Javier Vargas/Shutterstock

    In the US, under president Donald Trump, rapid assaults on civil servants’ rights, including their rights to speak out about wrongdoing, are increasingly part of the administration’s play for power. Shock tactics tend to work when the speed leaves observers too stunned to act.

    But countering the paralysis, whistleblower supporters are organising. Civil society groups are collaborating to shore up workers’ rights, challenge threats in the courts, and inform the public why it’s important to protect whistleblowers. Their cool-headed approach shows what it takes to work together to preserve democratic freedoms.

    Since January 2025, the Trump administration has assaulted federal workers’ rights including whistleblowing protections. Key personnel are being fired, with thousands of other civil servants under threat of being reclassified as “at-will” workers who can be sacked at any time for any reason.

    But the US needs whistleblower rights. In the past ten years alone, US government workers speaking out have protected citizens from a long list of ills. This includes food contamination, health risks, airline dangers and climate censorship. And they have called out managers for fraud and corruption.

    Recent UK research demonstrates how listening to whistleblowers in some cases – including the Post Office scandal and the collapse of contractor Carillion – would have saved taxpayers nearly £400 million.

    Functioning government bureaucracies, staffed by well-qualified, professional and independent civil servants, curtail attempts by politicians to control the state.

    In the US, long-standing structures like the Pendleton Act of 1883 and the Civil Service Reform Act of 1978, were put in place to ensure this. These laws insist government workers are hired and fired on the basis of skill and ability, not their political views. New employees take an oath of loyalty to the US constitution, not to the president.

    Whistleblower protection is a critical part of ensuring this independence, because it enables civil servants to challenge abuses of power. But whistleblowers can only call out wrongdoing if they are protected from reprisal. Right now, these protections are under threat.

    Shock and awe

    Critics of the new US administration know all this. But the speed of change seems overwhelming. And the will to resist depletes, as people struggle to make sense of the constant disruption.

    What to do with widely reported shows of anti-democratic aggression, like the recent appearance of senior Trump adviser Elon Musk on stage with a red chainsaw, shouting about a “chainsaw for bureaucracy”?

    This is exactly the kind of chaotic, performative scene that stokes fascist passions, but leaves critics frozen.

    Elon Musk’s chainsaw stunt was made famous by Argentinian president Javier Milei, who was looking on as Musk played to the gallery.
    Joshua Sukoff/Shutterstock

    Connecting such moves with Trump’s aggression against diversity, equity and inclusion (DEI) programmes and trans citizens, US philosopher Judith Butler has warned that people can be stunned into inaction by increasingly shocking events. They stop seeing how they are connected.

    What links these events, fundamentally, is contempt for ordinary US citizens’ rights and for constitutional democracy. As Butler also says, it’s important that citizens are not left immobilised by the outrage.

    To counter the chaos, cool heads are needed. Supporters of whistleblower rights are pushing back. With partners, the nonprofit whistleblower organisation Government Accountability Project is suing Trump over the unconstitutional roll-back of federal worker protections. And civil society groups successfully challenged February’s firing of the chief of the federal whistleblowing agency.

    This kind of whistleblower activism has happened before in other parts of the world. In Europe, NGOs monitor countries’ adoption of the new EU whistleblower protection law.

    Organisations like the Whistleblowing International Network and the UNCAC coalition support civil society groups in countries around the world with new but fragile whistleblower protection systems introduced to support public trust and democratic accountability. These partnerships harness public opinion through the media and lobby for change. They come together in regular online events and forums to sustain momentum.

    These coalitions of whistleblower activists have a history of working together, celebrating small wins and publicising each other’s work.

    As my recent book details, this collective activism is not easy. These organisations operate on limited funding. And in the face of disinformation on social media, defending truth and facts can be challenging. Yet as I found, strategising and collaborating can help counter aggressive opposition.

    A shared commitment to democratic rights is what keeps coalitions of whistleblower activists going – they demonstrate passions for equality and the right to live without fear.

    Trump is working to remake the federal government in the service of his political agenda. It is a classic move made by “strongman” leaders. They seize control of government bureaucracy in order to reward elite supporters, give favours and jobs to insiders, and weaken oversight on corruption.

    Attacking government bureaucracy has been a first step in the power grab by authoritarian leaders worldwide, from Hungary to Benin, Turkey and Venezuela.

    Working with his largest election donor Elon Musk, who already owns businesses benefiting from government contracts, Trump’s aggressive overhaul of the federal government radically dilutes the potential for dissenting workers to speak out in protest.

    It is tempting to remain paralysed in the face of daily attempts to roll back workers’ rights. But through their dedication, mutual support and celebration of even small wins, international collectives of whistleblower activists remind us that there is a way forward and why it’s vital to keep going.

    Kate Kenny has in the past and at different times engaged in research funded by organizations including: the EU Commission, ESRC UK, the British Academy, Harvard University, Science Foundation Ireland and Leverhulme Trust.

    ref. After months of Trump’s shock tactics, whistleblower groups are pushing back against attacks on workers’ rights – https://theconversation.com/after-months-of-trumps-shock-tactics-whistleblower-groups-are-pushing-back-against-attacks-on-workers-rights-252861

    MIL OSI – Global Reports

  • MIL-OSI USA: King, Colleagues Urge Administration to Maintain Focus on Election Security

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON, D.C. — U.S. Senator Angus King (I-ME), a member of the Senate Select Committee on Intelligence (SSCI), is joining a number of his colleagues to push for the continuation of the Department of Justice’s (DOJ) Election Threats Task Force. In a letter to U.S. Attorney General Pam Bondi, the senators stressed the importance of the Task Force, which is charged with identifying efforts to protect election officials amid the rising threats and acts of violence.

    “Given the recent disturbing personnel and policy decisions at the Department and the lack of transparency about the future of the Task Force, we request an immediate update on the status and activities of the Task Force, as well as what resources will be provided to ensure its important work continues so that election officials of both parties can safely administer our elections,” wrote the Senators.

    “Recent surveys have found that one in three election officials reported facing threats, harassment, and abuse. Similarly, 48 percent of local election officials know of someone who has left their job because of fear for their safety—a troubling loss of institutional knowledge needed for the smooth running of elections. Election workers continue to fear for their safety, so it is critical that the work of the Task Force continues to deter and counter these threats. In this challenging environment for election officials, it is essential to our democracy that they can continue to rely on the Department to uphold the law,” continued the Senators.

    The senators’ letter comes as the Trump Administration has significantly rolled back the federal government’s capacity to fight against foreign and domestic election security threats. On Attorney General Bondi’s first day in office, she disbanded the Federal Bureau of Investigation’s (FBI) Foreign Influence Task Force, hindering efforts to address secret influence campaigns waged by China, Russia and other foreign adversaries. Additionally, the Administration has fired or put on leave dozens of officials responsible for combating foreign election interference at the Cybersecurity and Infrastructure Security Agency (CISA) and has reportedly frozen all of CISA’s ongoing election security work. The Administration has also defunded CISA’s nationwide program to train local officials and monitor threats through the Elections Infrastructure Information Sharing and Analysis Center.

    In addition to King, the letter was also signed by Senators Angela Alsobrooks (D-MD), Michael Bennet (D-CO), Richard Blumenthal (D-CT), Lisa Blunt Rochester (D-DE), Cory Booker (D-NJ), Maria Cantwell (D-WA), Chris Coons (D-DE), Dick Durbin (D-IL), Ruben Gallego (D-AZ), Mazie Hirono (D-HI), Mark Kelly (D-AZ.), Andy Kim (D-NJ), Amy Klobuchar (D-MN), Ben Ray Luján (D-NM), Edward J. Markey (D-MA), Jeff Merkley (D-OR), Jon Ossoff (D-GA), Alex Padilla (D-CA), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Chuck Schumer (D-NY), Jeanne Shaheen (D-NH), Chris Van Hollen (D-MD), Mark Warner (D-VA), Raphael Warnock (D-GA), Elizabeth Warren (D-MA), Peter Welch (D-VT), Sheldon Whitehouse (D-RI) and Ron Wyden (D-OR).

    In addition to serving on the Intelligence Committee, King is the Co-Chair of the Cyberspace Solarium Commission (CSC). He is recognized as one of Congress’ leading experts on cyber defense and as a strong advocate for a forward-thinking cyber strategy that emphasizes layered cyber deterrence. Previously, King has cosponsored legislation to shield American elections from threats by improving election cybersecurity and combatting foreign interference in U.S. democracy. He also urged the Biden Administration ahead of the 2022 midterm elections to fund selection security efforts by allocating federal funds to modernize voting equipment and strengthen cybersecurity for election systems.

    Full text of the letter is available here and below.

    +++

    Dear Attorney General Bondi:

    We write to strongly urge you to continue the critical law enforcement work of the Department of Justice’s Election Threats Task Force, which protects election officials from ongoing threats and acts of violence. Given the recent disturbing personnel and policy decisions at the Department and the lack of transparency about the future of the Task Force, we request an immediate update on the status and activities of the Task Force, as well as what resources will be provided to ensure its important work continues so that election officials of both parties can safely administer our elections.

    The Task Force was established in the wake of the 2020 election cycle when election officials across the political spectrum began facing unprecedented threats of violence intended to thwart the peaceful transfer of power that is the hallmark of our democracy. In close collaboration with state and local law enforcement, the Task Force has assessed thousands of complaints of suspected threats of violence and investigated and prosecuted violent offenders. Over the years, these threats have not only continued but escalated.  The Task Force has investigated fentanyl-laced letters, bomb threats, and swatting incidents—serving as a legacy of the 2020 election and impacting the ways election officials interact with voters in their communities.

    Recent surveys have found that one in three election officials reported facing threats, harassment, and abuse. Similarly, 48 percent of local election officials know of someone who has left their job because of fear for their safety—a troubling loss of institutional knowledge needed for the smooth running of elections. Election workers continue to fear for their safety, so it is critical that the work of the Task Force continues to deter and counter these threats. In this challenging environment for election officials, it is essential to our democracy that they can continue to rely on the Department to uphold the law.

    Moreover, the federal government’s ability to fight election interference has been greatly hampered in the early weeks of this Administration. Dozens of officials at the Cybersecurity and Infrastructure Security Agency (CISA), who are responsible for combatting foreign election interference, have been fired or put on leave. CISA has also reportedly frozen all of its ongoing election security work, including defunding its nationwide program to train local officials and monitor threats through the “Elections Infrastructure Information Sharing and Analysis Center.” Additionally, on your first day in office, you signed a directive disbanding the FBI’s Foreign Influence Task Force, which was aimed at responding to secret influence campaigns waged by China, Russia, and other foreign adversaries.

    We request a response on the status and future plans of the Election Threats Task Force, the extent of resources and personnel dedicated to its work, and how it plans to incorporate related work previously led by CISA and the Foreign Influence Task Force by March 31, 2025.

    MIL OSI USA News

  • MIL-OSI Africa: Hydroponic farming system overall winner of Global Cleantech Innovation Programme Awards

    Source: South Africa News Agency

    A groundbreaking hydroponic farming system has won first prize at the Global Cleantech Innovation Programme – South Africa (GCIP-SA) Awards. 

    This innovative system allows farmers to grow crops using up to 90% less water and requires only 10% of the land compared to traditional farming methods.

    AB Farms, founded by Mogale Maleka, beat seven other competitors for the coveted sustainable development prize.  

    Hosted by the Department of Science, Technology and Innovation (DSTI) entity, the Technology Agency (TIA), the United Nations Industrial Development Organisation (UNIDO) and the Global Environment Facility, the recently held awards acknowledged the outstanding achievements of entrepreneurs and innovators, who are driving sustainable solutions for a greener future.

    According to the department, the GCIP is instrumental in South Africa’s response to the challenge of climate change by nurturing and accelerating cleantech startups and small, medium, and micro enterprises (SMMEs). 

    The programme aligns with the Paris Agreement objectives and also supports South Africa in achieving its Nationally Determined Contribution targets to reduce carbon emissions from 350 to 420 megatonnes of carbon dioxide equivalent by 2030.

    Maleka’s farm was recognised for its commitment to clean energy solutions.  

    “His innovation also reduces electricity consumption by 50% and fertiliser use by 40%, making it a game-changer for resource-scarce regions. Designed for resilience, the system ensures consistent irrigation, even during power or water disruptions,” the statement read. 

    Congratulating the finalists and winners, DSTI Minister Professor Blade Nzimande stressed the urgent need for sustainable solutions in South Africa, where environmental challenges such as water scarcity, air and water pollution, biodiversity loss, and extreme weather events are deepening socio-economic disparities.

    “Unsustainable patterns of consumption and production have led to the triple planetary crisis of climate change, nature and biodiversity loss, and pollution and waste,” Nzimande said. 

    According to the Minister, this crisis has resulted in severe environmental problems, including extreme weather events like droughts, floods, heatwaves and storms, which cause widespread damage to infrastructure, agriculture, and human lives.  

    “South Africa, like many other parts of the world, is grappling with these challenges, making the need for climate-resilient infrastructure even more urgent,” Nzimande said. 

    The 2025 GCIP-SA Awards also recognised other outstanding innovators in sustainable solutions.
    Runner-up, Econova Solutions, led by Sanele Mabizela, was honoured for its impactful work in clean energy and environmental sustainability.  

    Econova converts organic waste into biogas and organic fertilisers.  

    Meanwhile, the second runner-up spot went to the Graduated Man of Steel, represented by Lunga Calvin Mahlangu, for an innovation that produces affordable electric micro-mobility solutions for urban and industrial transport.

    Acting Chief Executive Officer of the TIA, Ismail Abdoola, commended the entrepreneurs for driving clean technology innovations and reaffirmed the TIA’s commitment to strengthening the programme’s impact.

    “We recognise the remarkable achievements of the GCIP-SA and the entrepreneurs shaping the future of our country’s cleantech ecosystem.  This… is not just about celebrating accomplishments but about reaffirming our shared vision for innovation, sustainability and progress,” said Abdoola at the awards ceremony.

    He also acknowledged the long-standing partnership between TIA and UNIDO, which has been instrumental in driving the success of GCIP-SA, and supporting local entrepreneurs in refining their solutions and positioning them for market success.

    “The GCIP is more than a programme, it is a movement, a movement that brings together innovation, collaboration, and purpose-driven action in support of a sustainable future. As we look ahead, let us be inspired by the work done so far and remain committed to building a greener and more resilient South Africa,” Abdoola added. 

    The winner and runners-up will represent South Africa, in the global installment of the Cleantech Awards in Turkey in September 2025. – SAnews.gov.za
     

    MIL OSI Africa

  • MIL-OSI Africa: Motsoaledi to open second G20 Health Working Group meeting in KZN

    Source: South Africa News Agency

    Health Minister Dr Aaron Motsoaledi will deliver the keynote address at the opening of the second meeting of the Group of Twenty (G20) Health Working Group on Wednesday.

    The meeting will take place at the Capital Zimbali Resort in Ballito, KwaZulu-Natal, and will last for three days. 

    The theme of the meeting will be “Accelerating Health Equity, Solidarity, and Universal Coverage”.

    Motsoaledi will be joined by Deputy Health Minister Dr Joe Phaahla, KwaZulu-Natal Premier Thami Ntuli, and KwaZulu-Natal Health MEC Nomagugu Simelane.

    The event will also include several side events that provide a platform for delegates to engage in bilateral and multilateral discussions on various critical issues, including strengthening health systems and promoting equitable access to health services. 

    Key issues for discussion during the meeting and side events include financial protection for universal health coverage (UHC) and maintaining health financing amid a challenging global economy. 

    The meeting will also zoom into strengthening investments and advancing UHC, bridging the equity gap to accelerate action to address the burden of non-communicable diseases, and responding to the global health financing emergency. 

    The Department of Health has announced that a co-sponsored event focused on the elimination of cervical cancer will take place alongside this meeting. 

    Delegates from G20 countries, invited nations, representatives, and international organisations will be in attendance. 

    South Africa holds the G20 Presidency from 1 December 2024 to 30 November 2025, only five years before the deadline of the United Nations (UN) 2030 Agenda. South Africa has embraced the theme “Solidarity, Equality, Sustainability” for its G20 Presidency. 

    The G20 comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and the United States and two regional bodies, namely the European Union (EU) and the African Union (AU). 

    The first virtual G20 Health Working Group meeting was held in January as part of the country’s G20 Presidency activities planned for this year. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI USA: Attorney General Labrador Joins Bipartisan Effort to Protect Veterans’ Education Benefits

    Source: US State of Idaho

    [BOISE] – Attorney General Raúl Labrador joined 51 other attorneys general in filing an amicus brief before the U.S. Court of Appeals for Veterans Claims in support of two military veterans and their families who were unlawfully denied their full G.I. Bill education benefits by the U.S. Department of Veterans Affairs (VA). In this case, U.S. Army veteran Lieutenant Colonel Paul Yoon and U.S. Air Force veteran Colonel Toby Doran were denied crucial education benefits to which they are clearly entitled.
    The brief argues that the VA has taken a restrictive interpretation of the G.I. Bills that contradicts the Supreme Court’s recent ruling in Rudisill v. McDonough, which confirmed that veterans who qualify under both the Montgomery and Post-9/11 G.I. Bills are entitled to a full 48 months of education benefits. Despite the clear precedent, the VA has continued to limit benefits based on an erroneous reading of the ruling, depriving veterans and their families of critical educational opportunities.
    “Our veterans have made profound sacrifices for our country,” said Attorney General Labrador.  “It is the responsibility of the United States to meet every obligation and contractual agreement we as a country made in exchange for their service.  Keeping our word is not optional.”
    This amicus brief was also joined by the attorneys general of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Northern Mariana Islands, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    MIL OSI USA News

  • MIL-OSI: Decisions Adopted by eQ Plc’s Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc Stock Exchange Release
    25 March 2025, at 7.30 p.m.

    eQ Plc’s Annual General Meeting, held on Tuesday 25 March 2025 as a hybrid meeting in accordance with chapter 5, section 16, subsection 2 of the Finnish Limited Liability Companies Act (“AGM”), decided upon the following:

    Confirmation of the financial statements

    eQ Plc’s AGM confirmed the financial statement of the company, which included the group financial statements, the report by the Board of Directors and the auditor’s report for the financial year 2024.

    Decision in respect of the result shown on the balance sheet and the payment of dividend

    The AGM confirmed the proposal by the Board of Directors that a dividend of 0.66 euros per share be paid out. The dividend will be paid out in two separate installments. The first installment, EUR 0.33 per share shall be paid to those shareholders who are registered as shareholders in eQ Plc’s shareholder register maintained by Euroclear Finland Ltd on the record date of the dividend payment on 27 March 2025. The first installment of the dividend shall be paid on 3 April 2025. The second installment, EUR 0.33 per share shall be paid in October 2025 to those shareholders who are registered as shareholders in eQ Plc’s shareholder register maintained by Euroclear Finland Ltd on the record date of the divided payment. The Board shall decide the record date and the payment date of the second installment of the divided in its meeting in September 2025. It is contemplated that the record date of the second installment will be 7 October 2025 and that the payment date will be 14 October 2025. 

    Discharge from liability to the Board of Directors and the CEOs

    The AGM decided to grant discharge from liability to the Board of Directors and the CEOs for the financial year 1 January – 31 December 2024.

    Remuneration Report for Governing Bodies and Remuneration Policy for Governing Bodies

    The Annual General Meeting decided to adopt the Remuneration Report for Governing Bodies and the Remuneration Policy for Governing Bodies.

    The remuneration of the members of the Board, the number of Board members and appointment of Board members

    The AGM decided that the members of the Board would receive remuneration as follows: the Chair of the Board will receive 5,000 euros, Vice Chair of the Board of Directors will receive 4,000 euros and the Board members will receive 3,000 euros per month. In addition, a compensation of 750 euros per meeting will be paid for all the Board members for each attended Board meeting and travel and lodging costs will be compensated in accordance with the company’s expense policy.

    According to the decision of the AGM, the Board consists of six members. Päivi Arminen, Nicolas Berner, Georg Ehrnrooth, Janne Larma and Tomas von Rettig were re-elected as members to the Board of Directors and Caroline Bertlin was elected as a new member to the Board. The term of office of the Board members ends at the close of the next Annual General Meeting. The Board appointed Georg Ehrnrooth as Chair of the Board in its meeting held immediately after the AGM.

    Auditor and sustainability auditor and their remuneration

    The AGM decided to elect Authorized Public Accountants KPMG Oy Ab as auditor and as sustainability auditor of the company. The auditor and sustainability auditor with main responsibility, named by KPMG Oy Ab is Tuomas Ilveskoski, APA, Authorized Sustainability Auditor. It was decided to compensate the auditor and the sustainability auditor according to their invoices approved by eQ Plc.

    Establishment of a Shareholders’ Nomination Board

    The AGM decided to establish a Shareholders’ Nomination Board whose task is to prepare proposals concerning the number of members of the Board of Directors and the Board’s composition and remuneration to the General Meeting. The Shareholders’ Nomination Board comprises of four members and four largest shareholders of the Company may each appoint a member.

    The AGM decided to adopt the Charter for the Shareholders’ Nomination Board.

    Authorising the Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling to shares

    The AGM authorised the Board of Directors to decide on a share issue or share issues and/or the issuance of special rights entitling to shares referred to in Chapter 10 Section 1 of the Companies Act, comprising a maximum total of 3,500,000 new shares. The amount of the authorisation corresponds to approximately 8.45 per cent of all shares in the Company at the date of the notice of the AGM.

    The authorisation is to be used in order to finance or carry out potential acquisitions or other business transactions, to strengthen the balance sheet and the financial position of the Company, to fulfill Company’s incentive schemes or to any other purposes decided by the Board. 50 per cent of the shares or special rights entitling to shares issued on the basis of the authorisation may be used to implement incentive schemes or otherwise for remuneration. Based on the authorisation, the Board decides on all other matters related to the issuance of shares and special rights entitling to shares referred to in Chapter 10 Section 1 of the Companies Act, including the recipients of the shares or the special rights entitling to shares and the amount of the consideration to be paid. Therefore, based on the authorisation, shares or special rights entitling to shares may also be issued directed i.e. in deviation of the shareholders pre-emptive rights as described in the Companies Act. A share issue may also be executed without payment in accordance with the preconditions set out in the Companies Act.
    The authorisation cancels all previous authorisations to decide on the issuance of shares as well as the issuance of special rights entitling to shares and is effective until the next Annual General Meeting, however no more than 18 months.

       
    Helsinki, 25 March 2025

    eQ Plc

    Board of Directors

    Additional information: Juha Surve, Group General Counsel, tel. +358 9 6817 8733

    Distribution: Nasdaq Helsinki, www.eQ.fi

    eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 13.4 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.

    More information about the Group is available on our website at www.eQ.fi.

    The MIL Network

  • MIL-OSI United Kingdom: Greens urge government to ‘rebalance the economy’ ahead of Spring Statement

    Source: Green Party of England and Wales

    Green MPs outside the Treasury, from left: Siân Berry MP, Adrian Ramsay MP, Carla Denyer MP, Ellie Chowns MP. Photo: David Mirzoeff/The Green Party

    • Green MPs pose with scales showing government’s ‘skewed priorities’ as government slashes disability benefits while refusing to tax wealth 
    • They say a tax on assets over £10 million could raise nearly 5 times as much as Rachel Reeves’s cuts to disability benefits
    • Greens urge Reeves to abandon the planned cuts and ‘rebalance’ the economy in favour of ordinary people 

    Ahead of the Spring Statement the Green Party is urging the government to ‘rebalance the economy’, by reversing the planned cuts to welfare spending and instead taxing the wealth of multi-millionaires and billionaires. 

    The party’s MPs say it is deeply unfair that those already struggling to get by will be pushed further into hardship because the government is unwilling to tax wealth fairly – and that while we are still feeling the effects of the Conservatives’ ‘failed austerity experiment’ more cuts will only damage the economy further while leaving us unprotected from the climate crisis.

    The day before Rachel Reeves is due to unveil her response to the OBR’s economic outlook and set out her government’s response, Green MPs posed with a set of scales representing the stark difference in the money the government plans to save with its welfare cuts and the amount that could be raised by taxing extreme wealth. 

    They say if the government took the advice of the Patriotic Millionaires and levied a 2% tax on assets above £10 million, this could raise £24 billion a year – almost five times the amount Reeves plans to save by slashing welfare for disabled people. 

    Speaking ahead of the spring statement, Adrian Ramsay, Green Party Co-Leader, said: 

    “It’s not fair that this government is unwilling to introduce a modest tax on the extremely wealthy while removing vital support from a million disabled people. 

    “Fifteen years of austerity have driven our economy to the edge—forcing ordinary people to bear the burden while multi-millionaires, billionaires, and big corporations amass extreme wealth. Meanwhile our economy is not prepared to protect us from the climate crisis. 

    “Labour’s plans will only deepen this inequality and push our economy further off-kilter. From removing the winter fuel payment from millions of pensioners to plans for more public service cuts, this government’s priorities are completely skewed. 

    “Instead of doubling down on the Conservative failed austerity experiment and pushing more people into hardship, it’s time to rebalance our economy for good.

    “At the Spring Statement, Rachel Reeves can do just this. By taxing wealth fairly, she could invest in what this country desperately needs: giving communities the support they need, rebuilding our NHS, and taking action for a safe climate so we all have a future to look forward to.” 

    MIL OSI United Kingdom

  • MIL-OSI Russia: Sergei Sobyanin approved the project for the reconstruction of the MKAD interchange with Kievskoye Highway

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The project for the reconstruction of the MKAD interchange with Kievskoye Highway has been approved. This in his telegram channel Sergei Sobyanin reported.

    “The implementation of this project will allow the transport hub to adapt to the growing traffic intensity due to the active development of the adjacent areas of TiNAO Moscow,” the Mayor of Moscow noted.

    Source: Sergei Sobyanin’s Telegram channel @Mos_Sobyanin

    We are talking about the section of the Moscow Ring Road from the 44th to the 47th kilometer. The project provides for the construction and reconstruction of approximately four kilometers of roads. In particular, as part of the interchange of the Moscow Ring Road with Kievskoye Shosse, the right-turn exit from the Moscow Ring Road to Kievskoye Shosse will be reconstructed (the approximate length of the section will be 580 meters, two or three traffic lanes in one direction). In addition, a new right-turn exit from Kievskoye Shosse to the Moscow Ring Road will be built there (the approximate length is 450 meters, one traffic lane in one direction).

    In addition, reconstruction of side roads along the Moscow Ring Road and Kievskoye Highway is planned. Internal roads and ground pedestrian crossings will also be built.

    In essence, the implementation of this project will be the second stage of the reconstruction of the MKAD interchange with Kievskoye Highway (the first was completed in 2014–2015).

    Sergei Sobyanin spoke about the development of Moscow’s largest highways

    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/mayor/tkhemes/12543050/

    MIL OSI Russia News

  • MIL-OSI Europe: Meeting with the European Commissioner for International Partnerships, Jozef Síkela

    Source: Government of Italy (English)

    25 Marzo 2025

    The President of the Council of Ministers, Giorgia Meloni, had a meeting today with the EU Commissioner for International Partnerships, Jozef Síkela, who is on a visit to Italy.

    The discussion focused on the development of wide-ranging collaborations between the European Union and nations in the Southern Neighbourhood and Africa, as well as on the synergies between the Mattei Plan and the EU’s Global Gateway.

    In this regard, President Meloni and Commissioner Síkela shared the importance of the event organised by Italy together with the European Union for sector operators, entitled ‘The Mattei Plan for Africa and the European Union’s Global Gateway strategy: a joint effort with the African continent’, to be held in Rome on 27 March.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement for the DPRK’s UPR

    Source: United Kingdom – Executive Government & Departments

    World news story

    UN Human Rights Council 58: UK Statement for the DPRK’s UPR

    UK Statement for the Democratic People’s Republic of Korea’s Universal Periodic Review Outcomes Session Statement. Delivered at the 58th HRC in Geneva.

    Thank you, Madame Vice President.

    The UK welcomes the DPRK’s continued engagement with the UPR process, including its report on the recommendations received. We hope that the DPRK will collaborate with the international community to take tangible steps towards the implementation of the Sustainable Development Goals.

    However we remain concerned by the lack of guarantees to ensure the implementation of the DPRK’s human rights obligations, and regret that it did not accept any of the UK’s recommendations, which were to:

    1. Ratify the UN Convention against Torture and reform the judicial system to ensure respect for the right to a fair trial and end sentences that constitute cruel, inhuman, or degrading treatment or punishment;

    2. Grant access to the Special Rapporteur on the situation of human rights in the DPRK and accept technical cooperation from UN human rights mechanisms; and

    3. Improve regulations to prevent gender-based discrimination and violence, particularly towards women and girls, including in penal facilities and the military.

    There are still unacceptable reports of ongoing, widespread, and systematic human rights violations in the DPRK. The UK remains open to discussing any recommendations further.

    Thank you.

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement for Costa Rica’s UPR

    Source: United Kingdom – Executive Government & Departments

    World news story

    UN Human Rights Council 58: UK Statement for Costa Rica’s UPR

    UK Statement for Costa Rica’s Universal Periodic Review Outcomes Session Statement. Delivered at the 58th HRC in Geneva.

    Thank you, Mr President.

    The UK welcomes the steps taken by Costa Rica to strengthen its approach to human rights, and the emphasis it places on opportunities to enact change. This includes Costa Rica’s creation of the Inter-Institutional Commission for the Monitoring and Implementation of International Human Rights Obligations. We look forward to following its progress.

    We welcome Costa Rica’s acceptance of the recommendations made relating to freedom of the press and would welcome an update on Costa Rica’s plans to improve the protections for journalists and the media.

    Finally, we welcome Costa Rica’s commitment to implement a new National Policy for a Society Free from Racism, Racial Discrimination, Xenophobia and Other Related Forms of Intolerance. In particular, we would welcome an increased focus on protection of women and girls, and the LGBT+ community.

    As the first country in Latin America and the Caribbean to launch a national strategy against hate speech and discrimination, we look forward to working with Costa Rica on these issues.

    Thank you.

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Prestigious award win for city centre project

    Source: City of Plymouth

    The works to rejuvenate Old Town and New George Street in the city centre have been recognised in the Best Landscape at the Concrete Society Awards. 

    This accolade recognises the transformational regeneration of a formerly dated shopping street, now revitalised with high-quality materials to create a modern retail area fit for the 21st century.

    The completed works have already attracted new businesses to Plymouth, bringing in business rates that can be reinvested into vital services. This influx of new retailers supports the city’s growth ambitions and enhances the public realm.

    The massive makeover has transformed the dated eighties landscaping, replacing it with islands of greenery, 25 new semi-mature trees, ornamental planting, and rain gardens. New granite paving has been installed to make the area more attractive and reduce the likelihood of trips and falls. Additionally, new street lighting and decorative lighting have been added to create a wow factor after dark, along with additional CCTV cameras to improve coverage.

    Old Town Street / New George Street Regeneraiton

    Councillor Mark Lowry, Plymouth City Council Cabinet Member responsible for city centre works, said: “The overall works are truly impressive and have made a significant impact on our city centre, breathing new life into what was once a dated area.

    “The new greenery, trees, and ornamental planting have created a vibrant and welcoming space for shoppers, visitors and businesses. With the local business community already making use of the space for their events and activities. I look forward to seeing even more in the future.”

    Councillor Lewis Allison, the new Champion for Second Homes Council Tax and Business Rate Growth, highlighted the economic benefits of the scheme. He added: “This new public area is modern, spacious and attractive and footfall is bucking the national trend.

    “The completed works are already attracting new businesses to Plymouth, bringing in business rates that can be reinvested into vital services. This influx of new retailers supports our ambition for growth in city centre through higher quality public realm.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: ARU expert has key role in £2m dementia initiative

    Source: Anglia Ruskin University

    A music therapy expert from Anglia Ruskin University (ARU) is to play a key role in a new project to help people with dementia continue to participate in the activities they love, while maintaining their independence.

    Funding for the £1.97 million BRIDGES Dementia Network comes from the Engineering and Physical Sciences Research Council (EPSRC) and the National Institute for Health and Care Research (NIHR), with support of the Alzheimer’s Society, and has been announced on the day of the World Dementia Council Summit in London.

    Currently, around one million people in the UK have dementia, and this number is expected to increase to 1.4 million by 2040. At the same time, a survey by Alzheimer’s Society found that 85% of people say they would prefer to remain at home if diagnosed with dementia.

    The national BRIDGES Dementia Network aims to revolutionise the role of technology in supporting independent living, helping those with dementia as well as their families.

    Within the new project, Dr Ming Hung Hsu of Anglia Ruskin University’s Cambridge Institute for Music Therapy Research will co-lead work focusing on new innovations to allow people with dementia to continue to enjoy creative and recreational activities, in turn helping their mental, emotional, and physical wellbeing.

    Dr Hsu will work alongside researchers, care providers, and people with dementia to design new technology that is accessible, scalable, and meets the needs of different communities. Dr Hsu’s involvement in the BRIDGES Dementia Network, which is being hosted by the University of Sheffield, builds on his leadership in other national dementia care initiatives.

    These include the NIHR-funded MELODIC project, which focuses on how music therapy can manage distress on NHS dementia wards, and the MediMusic project, funded by Innovate UK, which is investigating how AI-driven music interventions can support culturally diverse communities with dementia.

    “The BRIDGES Dementia Network is a significant change in dementia research, moving beyond traditional models of care to develop new, person-centred technological innovations that support independent living. A major focus will be on art, sport, and culture, highlighting the impact of creative activities on people’s quality of life. 

    “Potential applications could include AI-powered personalised music platforms, interactive storytelling tools, virtual reality experiences, and digital platforms that encourage social engagement and physical activity. Through new technology like this, the aim is to maintain and enhance cognitive function, emotional wellbeing, mobility, and social connectivity for those living with dementia.”

    Dr Hsu, Senior Research Fellow at the Cambridge Institute for Music Therapy Research at Anglia Ruskin University (ARU)

    “Dementia is a major challenge in the UK and globally. As people are living longer, the number of people living with dementia is increasing. 

    “With most people wishing to remain at home, we are investing in research that could lead to new technologies and innovations that will help keep people safe and independent.”

    Professor Charlotte Deane, Executive Chair of funders the Engineering and Physical Sciences Research Council (EPSRC), part of UKRI

    “One in three people born today will develop dementia in their lifetime. Research will beat dementia, and innovative networks like these will play an important part in helping people living with dementia today, and in the future, live independently for longer.  

    “As well as exploring ways to make daily life easier, and helping people with dementia feel more connected, they have the potential to ease pressure on the NHS. This could improve care for everyone as more people with dementia will be able to remain independent and cared for in the community for longer.  

    “As technology develops at pace, it’s critical we harness it, using AI, digital health, and community support to create simple, effective solutions. We’re excited to see what the future holds.”

    Professor Fiona Carragher, Chief Policy and Research Officer at Alzheimer’s Society

    The BRIDGES Dementia Network is led by Dr Jennifer MacRitchie at the University of Sheffield, and also includes academics from Lancaster University, London South Bank University, University College London, University of Cambridge, University of Kent and University of Leicester, as well as ARU. The network also involves a range of non-academic partners, including Innovations in Dementia, robotics company BOW, Lewy Body Society, Dementia UK, Kent County Council, and Sheffield City Council.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Leicester’s newest free festival brings Romans, St George, dragons and a giant forum to the city

    Source: City of Leicester

    MEET a fire-breathing dragon, learn to march like a Centurion and help to recreate the entrance to a Roman Forum by taking part in Leicester’s newest free festival next month!   

    The Old Town Festival on 26 & 27 April will incorporate traditional festivities for St George’s Day and a celebration of the city’s fascinating Roman heritage.

    Centring on Jubilee Square and the Old Town area of the city centre, the free festival will also feature an urban mosaic workshop at the Guildhall, a living history Roman camp, an artisan craft market and themed storytelling aboard the children’s bookbus.

    Hands-on archaeology, Roman theatre, craft activities and Morris dancing will also be on offer, along with face-painting and a dress-up booth so that young festival-goers can become gallant knights, fearsome dragons or magical maidens!

    A fire-breathing dragon will be on the loose in Cathedral Gardens, alongside stilt-walking jesters, magical wizards and a trio of clumsy knights taking on daring quests. Over at Jubilee Square, you can take part in Roman warrior training, where you can learn to march like a legionnaire, wield a sword like a true centurion, or raise a shield to victory.

    Assistant city mayor for leisure and culture Cllr Vi Demspter said: “The Old Town Festival is a new event for 2025, bringing together our traditional St George’s Day celebrations and Leicester’s rich 2,000-year history and Roman heritage.

    “There are lots of great free activities to take part in, and it’s all taking place in our historic Old Town.

    “As well as activities for kids and families, there is also a fantastic programme of trails, talks and debates about the Roman world, meaning that this promises to be a really inclusive and exciting festival with something for everyone.”

    There’s the chance to get involved in the week running up to the festival, too. The Haymarket shopping centre will be hosting a day of free fun on Thursday 24 April, with a dragon on the loose, mosaic and toga making, and fun arts and craft activities.

    And there will be something never before seen in Leicester!  At Highcross from 21-25 April, renowned French artist Olivier Grossetête will recreate a huge life-size construction of a lost piece of the city’s history using just cardboard and tape.

    St George and the dragon

    Image: A. Lyleire

    Image: Tynesight media

    Graham Callister, head of festivals and events at Leicester City Council said: “With your help, we’ll rebuild the grand entrance to the Roman Forum as it may have looked in the 2nd and 3rd centuries. This monumental and unique project combines history, art, and community spirit.

    “Over five days, there will be 10 hands-on workshops at the Highcross Shopping Centre. Then, on Saturday 26 April, participants and passers-by will come together to assemble the structure at Jubilee Square, the site of the original Roman Forum. The following day, Sunday, 27 April, festival-goers will help bring the project to a dramatic close by dismantling it. We’re inviting everyone to participate in the workshops, build and demolition!”

    Support for the Old Town festival has come from the council’s partners BID Leicester, Global Streets, Arts Council England, Highcross Leicester, Haymarket Shopping Centre and Hidden Histories.

    Simon Jenner from BID Leicester said: “The Old Town Festival is a fantastic opportunity to celebrate Leicester’s rich history while bringing exciting, free experiences to the city centre. Events like this create a real buzz, attracting visitors and benefiting local businesses. The festival will shine a spotlight on the city’s Roman past, with an incredible recreation of Leicester’s historic Roman Forum by renowned artist Olivier Grossetête, built entirely from cardboard with the help of the public. We’re proud to support a festival that brings our heritage to life in such an engaging and interactive way.”

    The workshops are suitable for anyone aged 9+. To reserve a place, email festivals@leicester.gov.uk

    To find out more, see www.visitleicester.info

    Festival brochures will also be available soon from the Visit Leicester information centre, within the KRIII Visitor Centre at 4A St Martins, Leicester, LE1 5DB.

    ENDS 

    Main image: Artist Olivier Grossetête’s creation at NOVUM Newcastle Summer Festival 2023, photo by Tynesite Media

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council to introduce new parking fees

    Source: City of Leicester

    REVISED parking fees and charges are set to come into effect in Leicester’s council-run car parks and parking bays.

    Leicester City Council has reviewed the cost of parking in its car parks, multi-storeys and on-street pay and display areas to help address rising running costs and ongoing challenges to council budgets.

    It will be just the second time the council has increased parking fees and charges in over a decade and will bring these into line with other similar authorities and private car parking operators.

    The changes also reflect recent increases in the national bus fare cap, from £2 to £3.

    The changes are due to come into effect from mid-May.

    The revised fee and charges mean that, in council-run city centre car parks, costs will start at £2.50 for a one-hour stay, up from the current £2. Costs for a three-hour stay will rise from £4 to £5, and from £5 to £6.30 for a four-hour stay.

    Standard fees for evening parking in car parks will also be charged, with the cheaper Night Owl rates due to end.

    On-street parking bays will see charges rise from £2 to £2.50 for one hour, with varying charges for longer stays depending on the location.

    Free on-street parking on Sundays will stop, with standard rates being charged instead.

    Car parking fees on the city’s parks will also rise, with costs starting at £2.20 for a two-hour stay, up from the current £2.

    Parking charges on Victoria Park will increase by slightly more to bring it more closely in line with city centre car parks. Costs will start at £1.30 for a one-hour stay, up from £1. A two-hour stay will cost £2.50, up from the current £2.

    City Mayor Peter Soulsby said: “Increasing car parking charges is not a decision we take lightly. However, running costs across our car parks and parking services have risen and, like most councils, we continue to face a severe budget crisis.

    “With this in mind, we are introducing revised parking fees and charges that are proportionate and very similar to what other operators and cities are charging for car parking. We also need to ensure parking charges take into account current bus fares.

    “Any additional revenue from our parking charges is always reinvested in highways and transport maintenance and improvements.

    “In recent years, we have made significant investment in improvements to our car parks in the city centre and are proud to have been awarded a national Park Mark award in recognition of the high standards of safe and secure parking provided.”

    It is estimated the changes will bring in an additional £1.1million in parking revenue. Around half of this will cover rising costs in the management, operation and enforcement of parking facilities, with the remaining £600,000 due to be ringfenced to offset budget pressures in highways and transport services.

    The increased charges will absorb the 10p convenience fee charged when people use Pay by Phone.

    Full details of the revised parking fees and charges can be found on the city council’s website here

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Large parts of iconic gardens set to close so they can be rejuvenated

    Source: City of Canterbury

    Artist impression of what the Dane John Gardens could look like when complete

    Work to transform the Dane John Gardens will get underway in earnest on Monday (31 March).

    Contractors will begin to close off all the lawned areas of the Canterbury city centre park which will remain out of bounds until December.

    The path around the edge of the gardens, which runs close to people’s homes, will stay open so people can get from one end to the other along with the public toilets.

    The children’s play area will remain accessible via the mound from the city wall.

    The work comes after the council was awarded £19.9m by the Government for its bid, Connected Canterbury: Unlocking the Tales of England.

    The money is being used to transform a whole host of Canterbury’s public spaces and heritage to a standard that reflects its status as an international visitor destination and World Heritage Site.

    Head of Digital, Data and Improvement Caroline Marlow, who is leading the project, said: “We’re sorry for any inconvenience the work will cause but we’re convinced it really will be worth it.

    “The full closure is needed for a couple of reasons. We are working as quickly as possible, so the contractor needs the ability to use the space as and when needed.

    “Plus, if you dig anywhere in Canterbury, you are bound to find important historical artefacts which means the contractor may need to move its workforce at short notice.

    “We hope reopening in December is a worst-case scenario and if we can make things happen faster, we will.”

    The council is in discussions with the owner of the Don Juan cafe to find ways to help the business during the disruption.

    The current cafe, which is outdated and coming to the end of its life, will be demolished as part of the scheme and will be replaced with a new building in a similar style to the current one.

    The work in the Dane John will include:

    • resurfacing all the pathways and creating a flexible surface strip either side of the main avenue to enable the tree roots to move and grow
    • replacing lost trees in the avenue
    • reducing the shrubs and vegetation to reveal the mound and the views across the garden
    • returning the flower beds to reflect the original shape in the Victorian garden and planting with perennial shrubs
    • adding more picnic tables by the monument
    • refurbishing the mound to improve views and installing a set of steps to the monument to reduce erosion of the Scheduled Monument
    • refurbishing, and replacing where necessary, historic streetlights through the garden and on the city wall
    • adding lighting to highlight heritage features
    • installing interpretation panels to tell the story of the garden
    • putting in new seating around the Second World War shelters with steps up to the city wall
    • planting perennial wildflower meadows on the slope up to the city wall and on the verge between the city wall and the ring road
    • resurfacing the city wall and adding planting beds to the area above the bus station
    • refurbishing or replacing railings, gates, benches and other street furniture

    For more information on the projects being paid for by the government, visit canterbury.gov.uk/luf.

    Published: 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: Viridien Announces Issuance of Senior Secured Notes and Completion of Conditions for Redemption of Existing Notes

    Source: GlobeNewswire (MIL-OSI)

    Paris, France – March 25, 2025

    On March 25, 2025, Viridien successfully settled its issuance of $450 million in aggregate principal amount of 10% Senior Secured Notes due 2030 and €475 million in aggregate principal amount of 8.5% Senior Secured Notes due 2030 (together, the “Notes”). The Notes will be guaranteed on a senior secured basis by certain subsidiaries of Viridien.

    Viridien also entered into a $125,000,000 super senior Revolving Credit Facility Agreement (the “RCF”) secured by the same security package as the Notes. No drawings have been carried out under the RCF save for part of an ancillary guarantee facility

    The issuance of the Notes was a condition to the redemption by Viridien of all its senior secured notes due 2027 (the “Existing Notes”). That condition has now been satisfied.

    The net proceeds from the issuance have been used, together with cash on hand, to satisfy and discharge today and subsequently redeem on April 1, 2025 in full the Existing Notes and to pay all fees and expenses in connection with the foregoing.

    About Viridien

    Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

    Contacts

    This press release may include projections and other “forward-looking” statements within the meaning of United States federal securities laws. Forward-looking statements include, among other things, statements concerning the business, future financial condition, results of operations and prospects of Viridien S.A., including its affiliates. These statements usually contain the words “believes”, “plans”, “expects”, “anticipates”, “intends”, “estimates” or other similar expressions. For each of these statements, you should be aware that forward-looking statements involve known and unknown risks and uncertainties. Any such projections or statements reflect the current views of Viridien S.A. about future events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.

    This press release does not constitute an offer to sell nor a solicitation of an offer to buy securities. There will not be any sale of these securities in any such state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The distribution of this press release may, in certain jurisdictions, be restricted by local legislations. Persons into whose possession this press release comes are required to inform themselves about and to observe any such potential local restrictions.

    The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no offering of securities to the public in France or the United States.

    No action has been, or will be, taken in any jurisdiction (including the United States) by Viridien S.A. that would result in a public offering of the Notes or the possession, circulation or distribution of any offering memorandum or any other material relating to Viridien S.A. or the Notes in any jurisdiction where action for such purpose is required.

    MIFID II product governance / Professional investors and ECPs only target market – Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the securities has led to the conclusion that: (i) the target market for the securities is eligible counterparties and professional clients only, each as defined in Directive (EU) 2014/65/EU, as amended (“MiFID II”); and (ii) all channels for distribution of the securities to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the securities (a “distributor”) should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the securities (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.

    The securities are not intended to be offered, sold, distributed or otherwise made available to and are and should not be offered, sold, distributed or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of the following: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended or superseded, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”). Consequently, no key information document required by the PRIIPs Regulation for offering or selling the securities or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the securities or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

    UK MIFIR product governance / Professional investors and ECPs only target market – Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the securities has led to the conclusion that: (i) the target market for the securities is only eligible counterparties as defined in the FCA Handbook Conduct of Business Sourcebook (“COBS”), and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MiFIR”); and (ii) all channels for distribution of the securities to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the securities (a “distributor”) should take into consideration the manufacturer’s target market assessment; however, a distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the “UK MiFIR Product Governance Rules”) is responsible for undertaking its own target market assessment in respect of the securities (by either adopting or refining the manufacturer’s target market assessment) and determining appropriate distribution channels.

    The securities are not intended to be offered, sold, distributed or otherwise made available to and should not be offered, sold, distributed or otherwise made available to any retail investor in the United Kingdom (“UK”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) a person who is not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the securities or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the securities or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

    In the United Kingdom, this press release is directed only at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) of the Financial Promotion Order or (iii) are other persons to whom it may lawfully be communicated (all such persons together being referred to as “Relevant Persons”). The issue of the securities is only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities will be directed only to Relevant Persons.

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Revozyn RTU 400 mg/ml Suspension for Injection for Cattle – Recall alert

    Source: United Kingdom – Executive Government & Departments

    News story

    Revozyn RTU 400 mg/ml Suspension for Injection for Cattle – Recall alert

    Product defect recall alert for Revozyn RTU 400 mg/ml Suspension for Injection for Cattle by Dechra on behalf of Eurovet Animal Health B.V.

    We wish to inform the wholesalers that Dechra, on behalf of Marketing Authorisation Holder Eurovet Animal Health B.V., has initiated a Class II recall to the wholesaler level for the below mentioned batch of Revozyn RTU 400 mg/ml Suspension for Injection for Cattle – UK (GB) Vm 16849/5000 and UK (NI) Vm 16849/3000.  

    This relates to a stability failure of the product re-suspendability.

    Batch Number Units Manufactured Date Manufactured Expiry date
    24F042 497 June 2024 May 2026

    Dechra is contacting wholesale dealers to examine inventory immediately and quarantine products subject to this recall.

    For further information regarding the recall, please contact eu.recall@dechra.com

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: New world-leading nature finance standards launched to encourage green investment

    Source: United Kingdom – Executive Government & Departments

    Press release

    New world-leading nature finance standards launched to encourage green investment

    New standards will set the bar for nature investments, prevent greenwashing and helping business invest in restoring nature

    Aerial shot of river

    • The Overarching Principles Standard is the first of its kind, supporting investment in high-quality projects which restore rich habitats. 
    • The move marks the UK out as a world leader in the development of nature markets and will drive economic growth as part of our Plan for Change. 

    New government-backed pioneering green finance standards have been introduced today (Tuesday 25 March) to boost investment into nature and support economic growth, as well as helping to clamp down on “greenwashing”. 

    This landmark standard – launched by British Standards Institution (BSI) – will help nature-friendly investments across the UK to grow, by building confidence among businesses that these investments are making a real difference for our natural environment.   

    These new standards will bring a variety of benefits for the environment. Projects that could be supported include restoring wetlands, improving water quality, building flood resilience, and creating new habitats.  

    Through the Plan for Change this Government is working to deliver economic growth across the country, and to support this, we will make the UK the green finance capital of the world.   

    A healthy natural environment is crucial to economic growth. Without a healthy environment, there is no food, no business, and no economy. The Green Finance Institute found that nature-related risks including water shortages and soil health reduction could lead to a 6% reduction to GDP in the years ahead. That is why economic growth and nature restoration must go hand in hand.  

    This is the first standard for collective nature markets of its kind in the UK, and one of the first in the world, marking the UK out as a global leader and marks our ambition to pioneer nature markets which guard against greenwashing and lead to lasting environmental change.   

    Secretary of State for the Environment, Food and Rural Affairs Steve Reed said:    

    “We need urgent action from across society to address the nature crisis, and businesses have a crucial role to play in that effort. By having clear standards, we can strike a blow to greenwashing and give businesses confidence that their investment is truly helping our natural world recover.  

    “Through the Plan for Change, this Government is working relentlessly to grow the economy and this move gets us one step closer to fulfilling our ambition to make the UK the green finance capital of the world.”  

    Scott Steedman, Director – General, Standards at BSI said: 

    “Today marks a key milestone for the Nature Investment Standards (NIS) Programme with the launch of updated overarching principles ready for adoption across the UK. 

    “The principles are designed to provide consistency and rigour for high-integrity UK nature markets that trade in real, measurable environmental benefits. This supports the goal of increasing investment into nature, helping to create new revenue streams for farmers, land managers and other suppliers of nature-based solutions. 

    “BSI, in its role as the UK National Standards Body, looks forward to working closely with Defra to enable the take up of the revised standard and its implementation in the market.” 

    The new Overarching Principles Standard was created following an established BSI market led process for standards development which included extensive consultation with businesses and land managers.   

    BSI is also launching a consultation on a first version of a Natural Carbon Standard, as part of a wider framework of standards. This will gather market views specifically on high integrity principles for projects selling nature-based carbon credits in UK markets. These credits will consist of habitats which store carbon, such as woodlands or peatlands, helping us to reach Net Zero while providing benefits for landscapes and wildlife.     

    The Overarching Principles Standard (BSI Flex 701) is immediately available for use by market participants and will support investment in high quality nature and sustainable farming projects in the UK.    

    NOTES TO EDITORS:     

    • More information on the Overarching Principles Standard can be found here: [BSI Flex 701 v2.0 Nature Markets – Overarching Principles BSI](https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.bsigroup.com%2Fen-GB%2Finsights-and-media%2Finsights%2Fbrochures%2Fbsi-flex-701-nature-markets-overarching-principles-and-framework%2F&data=05%7C02%7CAlex.Walsh%40defra.gov.uk%7C36f86aa99f89489ac9a808dd6b9546c8%7C770a245002274c6290c74e38537f1102%7C0%7C0%7C638785011065753774%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=3zYbDOEaWTOIbHmYRo41Re%2BKFETlrYC%2F0YiDLaRJdVo%3D&reserved=0)  
    • The Overarching Principles and Natural Carbon standards are part of a family of standards which will apply to nature markets.  Other standards are in development and will cover Biodiversity markets, Nutrients projects and schemes and guidance on how projects should engage with local communities.  There is a new BSI navigation tool available on the BSI Nature Markets online Hub – to help stakeholders navigate the suite of BSI nature investment standards. 

    • Further details of a formal assurance framework to verify compliance will be set out in due course.   

    • The BSI have published research on assurance which sets out options for Government to ensure compliance with the new standards.

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Sharing information and experiences at Maritime Accessibility Conference

    Source: United Kingdom – Executive Government & Departments

    Press release

    Sharing information and experiences at Maritime Accessibility Conference

    Disability organisations and maritime transport operators from across the country have come together for the Maritime Accessibility Conference 2025.

    Organised by the Department for Transport and the Maritime and Coastguard Agency, the day of talks, presentations and networking today (25 March) was an opportunity to encourage communication and objectives between the two sectors and Government.

    This is the second time the conference has run, with representatives from DfT, MCA, Disabled Persons Transport Advisory Committee (DPTAC), Wetwheels Foundation, and Unseen Aware being just some of the guests and speakers involved, alongside vessel and port operators, authorities and charities.

    The event at the Museum of Liverpool opened with a talk from DPTAC chairman Professor Matthew Campbell-Hill. DPTAC provides advice to DfT on the transport needs of disabled people to assist in the development of policy and other proposals.  

    The use of REAL during staff training – Respect, Empathise, Ask, Listen – was just one of the discussion points during the afternoon; the programme developed by DfT with the engagement of transport sector professionals and those with lived experience of disability. 

    As well as talks and activities, the floor was open to organisation representatives and individuals to come forward with thoughts on accessibility schemes, experiences and future objectives. 

    Ahead of the conference MCA Passenger Rights Enforcement Lead Danny Light said:

    The DfT/MCA Accessibility Conference is an opportunity to provide guidance and understanding of accessibility rights and regulations already in action, while highlighting where improvements can be made within the industry.

    The event is an opportunity for both information and experience sharing, helping us to continue our mission of making transport accessible for all.

    Maritime Minister Mike Kane said:

    Everyone has the right to travel with dignity and today’s summit brings together experts and those with lived experiences to make meaningful improvements for maritime travel.

    As part of our Plan for Change to break down barriers, we are determined to ensure that maritime remains an accessible, safe and enjoyable experience for everyone.

    Press office

    Email public.relations@mcga.gov.uk

    Press enquiries (Monday to Friday, 9am-5pm) 0203 817 2222

    Outside these hours or on bank holidays and weekends, for media enquiries ONLY, please send an email outlining your query and put #Urgent in the subject title.

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Negotiations update on an enhanced UK-Switzerland Trade Agreement

    Source: United Kingdom – Government Statements

    Press release

    Negotiations update on an enhanced UK-Switzerland Trade Agreement

    The sixth round of negotiations on an enhanced Free Trade Agreement (FTA) with Switzerland took place in Switzerland between 3 and 10 March 2025.

    Economic growth is the core mission of this government and FTAs have an important role to play in achieving this. We are seeking an enhanced FTA with Switzerland that guarantees market access for UK services suppliers, facilitates the seamless flow of data and ideas between two world-leading services powerhouses and provides long-term certainty on UK business travel to Switzerland. An enhanced FTA will contribute to growth and prosperity across the UK and build on our existing trading relationship with Switzerland. This currently supports 130,000 services jobs and more than £17 billion in services exports, including over £700m from Scotland and the North West.

    The UK government’s focus in talks continues to be on agreeing ambitious outcomes in services, investment and digital trade which are not covered in the existing UK-Swiss FTA. During the latest round, good progress was made in financial services in particular, with both sides focussed on agreeing the most comprehensive chapter either country has signed. On digital trade, provisions on data, source code and cryptography were discussed.

    A number of chapters were provisionally closed during this round, including customs and trade facilitation, and transparency.

    The government will only ever sign a trade agreement which aligns with the UK’s national interests, upholding high standards across a range of sectors, alongside protections for the National Health Service.   

    The next round of negotiations is expected to take place in the UK in early summer 2025.

    Any organisations or individuals interested in speaking to the Department for Business and Trade about negotiations with Switzerland should do so by emailing ch.fta.engagement@businessandtrade.gov.uk.

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Transcript: Governor Hochul On “Mornings With Zerlina”

    Source: US State of New York

    arlier today, Governor Kathy Hochul was a guest on SiriusXM’s “Mornings with Zerlina” with Zerlina Miller. The Governor spoke on her proposal for universal free school meals, the ongoing Budget negotiations and which challenges she is prioritizing from the Trump administration.

    AUDIO: The Governor’s remarks are available in audio form here.

    A rush transcript of the Governor’s remarks is available below:

    Zerlina Miller, SiriusXM: Welcome back to “Mornings with Zerlina.” Joining us on the phone is the first woman to ever be Governor of the great State of New York. Governor Kathy Hochul is all on the line. Good morning, Governor.

    Governor Hochul: Good morning.

    Zerlina Miller, SiriusXM: It is quite a time. There is so much going on and I’m so grateful that you were able to join us this morning.

    One of the things we’ve been focused on since January 20 is the role and the importance of Democratic Governors in being the bulwark against some of the authoritarian moves of the Trump administration. How do you see yourself and your role as the Governor of New York in holding the line for democracy?

    Governor Hochul: That’s an excellent question, and I appreciate the role that Congress plays. I’m a former member of Congress and I would’ve stayed if I had not voted to support the Affordable Care Act representing a very Republican district. So, I have been there. But also — now serving as Governor for the last three-and-a-half years — there is enormous power in being able to speak up with one voice to represent an entire state, a large state like New York, and to call out what is happening to not just the people of our state, but the people all across America. And if we abrogate that responsibility at this moment in history, then we’re not fulfilling our obligations to our citizens or to this nation, and that’s what I feel so strongly about — the role I can play now.

    There are pathways to have a relationship that’s workable on infrastructure and other areas where there’s common interest with the Trump administration, but what I’ve said from the very beginning, and say it all the time: If you cross the line and you come after policies and programs that help New Yorkers and take them away, or you challenge our very values — the ideals that we hold dear in the State of New York — then you have a fight with me.

    So, that’s our position.

    Zerlina Miller, SiriusXM: What are some of the things that you’re speaking up about?

    Governor Hochul: Well, first of all, women’s rights — and this is an issue we have, actually with a judge right now in Louisiana who’s trying to force us to extradite a medical doctor, an abortion provider who prescribed telemedicine abortion pills to a family, a woman and her mother in Louisiana.

    They want me to extradite this person and send her there to face criminal charges. This is, again, a fallout from administration stacking the Supreme Court, overturning Roe v. Wade and the fallout continues all these years later. So, standing up for women’s rights, but also, Medicaid. I was out the very first days they talked about undoing the Medicaid promise that we’ve made to our citizens since the 1960s that we will take care of them. They think it’s just people in poverty who aren’t working — they are wrong. These are our senior citizens in nursing homes and these are programs for children. So, I’ve been out there speaking out strongly on those issues.

    Now we have cuts to FEMA. Are you kidding me? Have they watched the news? Did they see the weather? They see the devastation all across America and at this time of great crisis, you are now talking about eliminating FEMA assistance for states. So, I will tell you this — on education, school lunches, I was in a school just a couple days ago saying, “Don’t touch this essential program that the Department of Education provides,” and there’s almost too much and, in that sense, you have to be a little bit selective or your voice becomes just one of many and you really have to pick your fights.

    But I have to say this, there are plenty of fights to choose from.

    Zerlina Miller, SiriusXM: There are plenty of fights to choose from. Just the ones you just listed off — the Medicaid cuts, FEMA cuts, Department of Education. I feel like cutting the department — I mean they’re really cutting everywhere. You have Elon Musk and his unelected crew of “tech bros,” I guess is the way to describe them. Running from agency to agency and cutting staff and funding. I mean, talk a bit about the impact specifically of the Department of Education cuts in addition to the free school lunches, because I think that that is still very much new, right? It just happened and so the impact has not necessarily been felt by everyone yet.

    Governor Hochul: Right. Before I get to that, let me just quickly say that when we first started seeing these cuts from Elon Musk, we took an exact opposite approach here. We actually have advertising in Union Station in Washington and here in New York at Penn Station. People going on a train see the message, which Elon Musk may say, “You are fired,” but in New York, we say, “You’re hired.” We are trying to hire these individuals because they’re enormously talented. We value public servants. We know the critical role they have in keeping the plane safe, and protecting our nuclear codes, and making sure social security checks are received by our grandparents and parents.

    But on education, New York State receives about $5 billion in assistance, whether it’s $2 billion for Pell Grants — creating that pathway to a higher education, which changes everything, including my own family’s trajectory — $2 billion for school lunches. I mean, you have to go to some of these school lunch rooms and know that there are children whose stomach should be growling throughout the day because their parents, their mom, most likely, did not have the ability to pack that lunch, send them along with money to buy lunch and these are the kids that are the collateral damage of this war on government.

    And if we as moms and parents — first Mom Governor of New York — if I don’t use my voice to stand up for those children across my state in this nation, then what am I doing here? And that’s how strongly I feel about these fights when it comes to the education cuts. There’s a lot of uncertainty and chaos, and we’re trying to do our Budget here in the State of New York, not knowing whether or not the $93 billion we receive from the federal government is going to be affected, so it’s complicating things. But, if our voices don’t rise up at this moment, then why are we sitting in these seats?

    Zerlina Miller, SiriusXM: In the last few minutes here, I want to ask about tariffs because one of the things that is true about New York, it is quite large and it goes up right on the line of Canada and some of the folks who live in New York — the farmers and the folks who benefit from being able to have small businesses in that area will be impacted by Trump’s tariffs. Talk a bit about, number one, the impact and what you can do as Governor to protect their interests.

    Governor Hochul: That is something that has been top of mind, particularly in our farm community. Literally on Saturday morning, I was out celebrating Maple Syrup Weekends. New York is the number two producer of maple syrup in the nation, so I was out there with farmers.

    They said, “What will the tariffs do to you out in this rural area?” Probably a red county. I’m pretty sure that the father who ran the farm was a Republican supervisor, and they are so frightened about tariffs for their farms. Everything from the steel that goes into how they process the maple syrup all the way to the fertilizer.

    I mean, how many people think about fertilizer? There’s something called potash — most of it from our country, in New York, particularly — comes from Canada and it’s only manufactured in Canada, Ukraine, and Russia. So I’d rather get it from Canada any day of the week. But this is what’s jeopardized. So it’s the farm community that is really, really, really anxious at a time when they don’t need this extra stress.

    But also, I’m from Buffalo. I’m from Western New York. The synergy between Ontario and Western New York. It is just one large committee. Everybody supports the Buffalo Bills, everybody watches the hockey games, and so there’s a lot of cross pollination. This is not a foreign country to us. These are our friends to the north, so there’s a lot of business exchange, a lot of trade back-and-forth.

    We have a $50 billion trade balance, which is pretty much in balance with our largest trading partner, which is Canada. That being jeopardized sends chills down the spines of our business leaders who don’t know whether all their costs, all the materials they need. We get so much lumber, we build housing with lumber from Canada, and what is that going to do to our ability to be able to build the housing that I am pushing for — to make up for years of people not having the ambition to do it.

    So, I have to say this: The ripple effect touches every sector of our economy here in New York. And what that means, contrary to what Donald Trump promised, which is lower prices on Election Day. Remember he said that countless times on the campaign trail? The opposite is true.

    Prices are going up and will be going up. And lastly, Canada, because they’re frustrated with these policies — threatened to raise our energy costs that we get from Canada by 25 percent. Now, that is the last thing New Yorkers need right now is a higher energy bill because of the Trump tariffs. So it’s wide ranging and my fear is only just beginning.

    Zerlina Miller, SiriusXM: In the last few minutes here, I wanted to ask you about being somebody who has to stand up for the people in the State of New York against the administration that is trying to grab all the power that they can in such a short amount of time. Do you ever feel afraid or nervous about becoming a target by this administration? They obviously are targeting and attacking people who stand up against them.

    Governor Hochul: No, fear is never an option for someone in my position. Fear is paralyzing at this moment in history when we’re called to stand up to basically the disintegration, the destruction of our democracy and our nation as we know it.

    I do not want to be, as Theodore Roosevelt described as “The Man in the Arena,” which I changed to “The Woman in the Arena.” I will never be the timid soul on the sidelines, questioning what others do. I will be in that arena. I will stand up. I will cooperate and have a partnership with the Trump administration on areas of mutual interest.

    And I will do that because it’s important to my state to get Penn Station redone and focus on infrastructure. But I said this in my first call with the president, after he was elected, I said, “But I will stand up to you. You go after women’s rights, you have to get through me. You’re going to challenge my citizens on issues. And my immigrant community, we are going to have a fight.” So I cannot let fear dictate how I respond. I must govern with strength at this moment. And then that’s exactly what we’re doing.

    Zerlina Miller, Sirius XM: New York Governor Kathy Hochul, thank you so much for being with us. It’s Women’s History Month, it’s the perfect time to have this conversation. Thank you, again. Come back anytime.

    Governor Hochul: Alright, thank you. Bye-bye.

    MIL OSI USA News

  • MIL-OSI Security: Investigation launched following discovery of the body of a newborn baby

    Source: United Kingdom London Metropolitan Police

    An investigation has begun following the discovery of the body of a newborn baby in Notting Hill – and police are urgently appealing for the mother to come forward for her own welfare.

    Officers were called at 12:46hrs on Tuesday, 25 March to Talbot Road, W11, following a report that the body of a baby had been found in a bag, left outside a church.

    London Ambulance Service also attended and sadly the baby was declared dead at the scene.

    Officers remain in the area and urgent enquiries are ongoing to locate the baby’s mother. At this stage we have not established the baby’s gender or exact age.

    Superintendent Owen Renowden said: “This is an extremely sad and shocking matter and officers are working hard to establish the circumstances around what has taken place.

    “This investigation is in the early stages and our immediate priority is to locate the baby’s mother, who we believe may have very recently given birth.

    “If you are the baby’s mother and are reading this, please come forward to police or medical professionals. You must feel very frightened but please let us help – we are really worried about you and it is vitally important you get medical assistance and support. You can walk into any hospital, or a police station.”

    Anyone who may have any information about this incident should contact police on 101, quoting reference CAD 3431/25March.”

    MIL Security OSI

  • MIL-OSI United Kingdom: expert reaction to study on first pig-to-human liver transplantation

    Source: United Kingdom – Executive Government & Departments

    A study published in Nature looks at a genetically modified pig-to-human liver transplantation. 

    Rafael Matesanz, Creator and Founder of the National Transplant Organisation (Spain), said:

    “A frequent approach in the development of xenotransplants of different organs, before moving on to the clinical phase, is to perform them in patients in brain death but with haemodynamic stability, so that the evolution of the organ and the impact on the deceased person’s organism can be assessed at least in the short term, but with circulation maintained.

    “At least three kidney transplants have been performed in the United States since 2021 – one with up to 61 days of follow-up in brain-dead patients – and two heart transplants, which served to accumulate a number of useful lessons. In both modalities, they preceded the first clinical experiences in living people, which so far have resulted in two heart transplants (both deceased) and four kidney transplants, two of which have survived after several months of evolution.

    “The team at the Xi’an Military Hospital in China has had extensive experience in experimental transplantation of all types of organs from pigs to monkeys for more than a decade. This is the world’s first case of a transplant of a genetically modified pig liver into a brain-dead human. The ultimate goal of the experiment was not to achieve a standard liver transplant, but to serve as a ‘bridge organ’ in cases of acute liver failure, while awaiting a human organ for a definitive transplant. The experience lasted 10 days and the porcine organ remained in good condition, with acceptable basic metabolic function and no signs of acute rejection, indicating that the procedure was successful for its intended purpose and could be used in vivo in the near future.

    “In short, this is an important experiment, which opens up a different path to what has been tried so far in both vital organs (heart) and non-vital organs (kidney), such as the temporary replacement of the diseased liver until a human liver can be obtained for the definitive transplant’.”

    Iván Fernández Vega, Professor of Pathological Anatomy at the University of Oviedo (Spain), Scientific Director of the Principality of Asturias Biobank (BioPA) and Coordinator of the Organoid hub of the ISCIII Biomodels and Biobanks Platform, said:

    “I found the work very relevant, but we have to be cautious. The study represents a milestone in the history of liver xenotransplantation, describing for the first time a transplantation of a genetically modified porcine liver into a human being (in this case, a brain-dead human).The quality of the work is very high, both in terms of scientific rigour and the exhaustive clinical, immunological, histological and haemodynamic characterisation of the procedure. Sophisticated genetic modifications have been applied to the graft to prevent hyperacute rejection, one of the most critical complications in preclinical models of xenotransplantation.

    “The clinical implications are highly relevant, as optimising this approach could expand the pool of available organs and save lives in liver emergencies. This work complements and extends the existing evidence on previous pig-to-human heart and kidney xenotransplantation. It provides several relevant novelties:

    • It is the first study to demonstrate that a genetically modified porcine liver can survive and exert basic metabolic functions (albumin and bile production) in the human body.
    • It shows that there was no major coagulation dysfunction, in contrast to what was observed in other models, such as the first human cardiac xenotransplantation, where microthrombi and severe disorders were detected.
    • He points out the need to assess possible myocardial damage in early postoperative phases, given the early elevation of AST and cardiac enzymes, which can be confused with liver damage.
    • The use of xenograft as a bridging therapy is proposed, especially in patients with acute liver failure awaiting a human graft, although not as a definitive solution, as bile and albumin production was limited for long-term support.

    “However, the study has relevant limitations:

    • A major limitation of the study is that it is a single case (n=1), which precludes drawing generalisable conclusions or establishing robust patterns of clinical and immunological response. Although this is a pioneering advance, studies with a larger sample and in living recipients will be necessary to confirm the safety, efficacy and reproducibility of the procedure.
    • Limited duration of follow-up (10 days), by decision of the recipient’s family, which prevents assessment of medium- and long-term viability of the graft. Therefore, it does not add information in relation to acute and chronic rejection of xenotransplantation.
    • Only basic liver functions (albumin synthesis and bile secretion) were assessed, with no data on other complex liver functions such as drug metabolism, detoxification or immune function.
    • The heterotopic helper transplantation procedure would not allow resection of the original liver, which invalidates it as a strategy for example in patients with hepatocarcinoma awaiting transplantation.”

    Gene-modified pig-to-human liver xenotransplantation’ by Wang et al. was published in Nature at 16:00 UK time on Wednesday 26th March.

    DOI: 10.1038/s41586-025-08799-1

    Declared interests

    Iván Fernández Vega “He declares that he has no conflicts of interest.”

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Tyrone and Donegal youngsters have the angling world at their feet

    Source: Northern Ireland – City of Derry

    Tyrone and Donegal youngsters have the angling world at their feet

    25 March 2025

    Three young fishermen from the North West are looking forward to the experience of a lifetime in Idaho Falls in the USA later this summer after qualifying with the Ireland youth team at the International World Fly Fishing Championships.
    Jacob Griffin, Zack Barnett and Lewis Porter who learned their craft on the local waters of the Mourne, the Derg and the Finn sealed their place on the national team at two qualifying events organised by the Trout Anglers Federation of Ireland.
    The trio fought off stiff opposition from 25 other young anglers from all over Ireland at the events in the River Suir in County Tipperary and Ardaire Springs Angling Centre in Kilkenny.
    Jacob and Lewis will exhibit their world class fly tying skills to thousands of people at this weekend’s North West Angling Fair at the Melvin Sports Complex on Saturday 29th and Sunday 30th of March.
    The boys TAFI Ulster Coach, Campbell Baird, commended all three of them on their hard work to reach this elite level: “These youths are a credit to the Ulster Fishing community,” he said. “Their dedication, knowledge and determination has shone through in the qualifiers and this team representing Ireland are at the highest level of their game, competing at standard that will hopefully see them reach the top position within the competition and to be on that podium making us all proud.
    “They have come through the ranks of FROG (Foyle River –Catchment Outdoor Group CIC) and are now fishing in world competitions.”
    Damien Devine FROG added: “The climb to the top of the tree in the angling journey of these youth angling representatives is something myself and Joseph Owens could never have imagined at the outset.
    “They came along to us at a very tender age, some without even the basic equipment at that time.
    “However, in the early days of casting lessons, it was very noticeable that there was a hunger from them and a support network from their guardians, which was pointing towards greater heights.
    “With many angling titles and success in the last few years, the world stage now awaits the new generation of Irish youth anglers.
    “All our coaches at FROG CIC are so privileged to have played our part in steering these fine young men towards their dream of international representation.
    “They are now true Ambassadors of our group, as the next generation of 10 years we have in our ranks are aspiring to reach the same heights as these young anglers in the years to come. “All are a credit to us, their families, and the wider angling community of the North-West corner of the Foyle river-basin.”
    The boys will also travel to Scotland with the Irish Trout Fly Fishing Association in July as part of the Ireland Youth Team to compete in the Four Nations Competition 2025, who have already claimed gold medals in the Four Nations in England 2024 and Wales 2023.
    The 2025 North West Angling Fair at the Melvin Sports Complex will host some of the UK and Ireland’s leading fly dressers, casters and angling specialists.
    The public will also have the opportunity to source angling merchandise from a wide range of fishing tackle producers, fly tying brands and fishing outfitters in the Melvin’s Main Hall.
    The North West Angling Fair is organised by Derry City and Strabane District Council with support from the Loughs Agency.
    To see the full programme visit www.derrystrabane.com/anglingfair and follow Northwestangling on facebook for updates.

    MIL OSI United Kingdom

  • MIL-OSI: Notice of Extraordinary General Meeting of Jyske Bank A/S

    Source: GlobeNewswire (MIL-OSI)

    This is to give notice of an Extraordinary General Meeting of Jyske Bank A/S, which will be held on Thursday, 24 April 2025, at 3:00 p.m. at Vestergade 8-16, 8600 Silkeborg, Denmark (entrance via Jyske Bank’s visitor entrance situated at Bankpassagen).

    At the Annual General Meeting held on 25 March 2025, the motions to amend the Articles of Association were adopted.
    However, the members in general meeting with a right to vote represented less than 90% of the share capital, wherefore
    the final adoption of the proposed amendments to the Articles of Association is subject to adoption at an extraordinary general meeting.

    The AGENDA for consideration and final adoption:

    a. Motions proposed by the Supervisory Board:
      1 Reduction of Jyske Bank’s nominal share capital by DKK 27,651,180 (corresponding to 2,765,118 shares at a nominal value of DKK 10) from  DKK 642,720,950 to DKK 615,069,770. With reference to S.188(1) of the Danish Companies Act we point out that the capital reduction takes place through cancellation of previously acquired own shares acquired by Jyske Bank in accordance with authorisation from members in general meeting. Hence, the capital reduction is spent on payment of capital owners.
    If the motion is adopted, Jyske Bank’s holding of own shares will be reduced by 2,765,118 shares of a nominal value of DKK 10 These shares have been bought back at a total amount of DKK 1,499,999,584 which implies that, apart from the nominal capital reduction, a total amount of DKK 1,472,348,404 has been paid to the capital owners in connection with the buy-backs. The capital reduction takes place at a share premium since it will be at 542.47 for each share of a nominal amount of DKK 10, corresponding to the average price at which the shares have been bought back.

    In consequence of the above, the following amendment to the Articles of Association is proposed:
    Art. 2 to be amended to the effect that Jyske Bank’s nominal share capital be DKK 615,069,770 distributed on 61,506,977 shares.

      2 Amendments to Art. 3(8), Art. 4(2) and (3), Art. 5(1) and (2) and Art. 24(2): “VP Securities Services” to be changed into “VP Securities A/S”.
      3 To replace the existing authorizations in the Articles of Association, the Supervisory Board is authorized to carry out capital increases with and without pre-emption rights and to raise convertible loans with and without pre-emption rights by amending Art. 4(2), (3) and (5), Art. 5(1), (2), (3) and (4) of the Articles of Association. The amendments are considered together and are proposed to be changed to the following wording:
        Art. 4(2): As specified by the Supervisory Board in respect of time and terms and conditions, the share capital can be increased through the subscription of new shares without preferential subscription rights for existing shareholders. The increase may be in one or several issues by not more than a nominal amount of DKK 60m (6 million shares of a face value of DKK 10). The increase may be effected through cash payment or through acquisition of existing businesses or specific assets. The increase must in every case be effected not below the market price. The increase cannot be effected through part payment. The authorisation will be effective until 1 March 2030.

    The new shares shall when issued and transferred be registered in the names of their holders at VP Securities A/S and in the Bank’s register of shareholders. The new shares are negotiable instruments, and there are no restrictions in their negotiability except for the provisions laid down in Art. 3 of the Articles of Association. Shareholders shall be under no obligation to have their shares redeemed in full or in part.

        Art. 4(3): As specified by the Supervisory Board in respect of time and terms and conditions, the share capital can be increased through the subscription of new shares with preferential subscription rights for existing shareholders. The increase may be in one or several issues by not more than a nominal amount of DKK 120m (12 million shares of a face value of DKK 10). The increase may be effected through cash payment or in any other manner. The increase may be offered at a favourable price. The increase cannot be effected through part payment. The authorisation will be effective until 1 March 2030.

    The new shares shall when issued and transferred be registered in the names of their holders at VP Securities A/S and in the Bank’s register of shareholders. The new shares are negotiable instruments, and there are no restrictions in their negotiability except for the provisions laid down in Art. 3 of the Articles of Association. Shareholders shall be under no obligation to have their shares redeemed in full or in part.

        Art. 4(5): To be deleted.
        Art. 5(1): The Bank may, following resolution by the Supervisory Board, up to 1 March 2030, on one or more occasions raise loans against bonds or other instruments of debt which bonds or instruments of debt shall entitle the lender to convert his claim into shares (convertible loans) and the Supervisory Board is authorised to carry out the related capital increase. Convertible loans may be raised with a conversion right to a maximum number of shares with a total nominal value corresponding to the maximum nominal amount at the time of raising the convertible loans by which the share capital may be increased using the remaining authorization in Art. 4(3), calculated in relation to the conversion price determined at the time of raising the convertible loans. Exercising the authorisation to increase the share capital in Art. 4(3), will hence reduce the authorisation to raise convertible loans in accordance with this provision. The Bank’s shareholders shall have a preferential subscription right to convertible loans. Where the Supervisory Board decides to raise convertible loans, when exercising the authorization in this provision, the authorisation to increase the share capital, cf. Art. 4(3), shall be considered to be utilised by an amount corresponding to the maximum conversion right. The term allowed for conversion may be fixed at a period exceeding five years after the raising of the convertible loan. For shares which shall be issued on the basis of the convertible loans mentioned in this provision, the Supervisory Board shall decide – with due regard to the time of subscription or utilisation of the conversion right – the time from when such new shares shall carry a right to receive dividend and other terms and conditions of the share issue. Shares issued on the basis of the convertible loans mentioned in this provision cannot be paid in by partial payment, are registered shares and are registered in the name of the holder in VP Securities A/S and the Bank’s register of shareholders upon issuance and transfer. The new shares are negotiable instruments and the same rules as apply to the existing shares in respect of rights and duties, redeemability and transferability shall apply.
        Art. 5(2): The Bank may, following resolution by the Supervisory Board, up to 1 March 2030, on one or more occasions raise loans against bonds or other instruments of debt which bonds or instruments of debt shall entitle the lender to convert his claim into shares (convertible loans) and the Supervisory Board is authorised to carry out the related capital increase. Convertible loans may be raised with a conversion right to a maximum number of shares with a total nominal value corresponding to the maximum nominal amount at the time of raising the convertible loans by which the share capital may be increased using the remaining authorization in Art. 4(2), calculated in relation to the conversion price determined at the time of raising the convertible loans. Exercising the authorisation to increase the share capital in Art. 4(2), will hence reduce the authorisation to raise convertible loans in accordance with this provision. The Bank’s shareholders shall not have a preferential subscription right to convertible loans which are offered at a subscription price and a conversion price to the effect that the right of conversion corresponds to the market price of the shares at the time the resolution to raise convertible loans by using the authorisation of this provision was passed by the Supervisory Board. The convertible bonds or other instruments of debt may be issued as payment upon the Bank’s acquisition of existing businesses or specific assets corresponding to the value of the convertible bonds or other instruments of debt. Where the Supervisory Board decides to raise convertible loans, when exercising the authorization in this provision, the authorisation to increase the share capital, cf. Art. 4(2), shall be considered to be utilised by an amount corresponding to the maximum conversion right. The term allowed for conversion may be fixed at a period exceeding five years after the raising of the convertible loan. For shares which shall be issued on the basis of the convertible loans mentioned in this provision, the Supervisory Board shall decide – with due regard to the time of subscription or utilisation of the conversion right – the time from when such new shares shall carry a right to receive dividend and other terms and conditions of the share issue. Shares issued on the basis of the convertible loans mentioned in this provision cannot be paid in by partial payment, are registered shares and are registered in the name of the holder in VP Securities A/S and the Bank’s register of shareholders upon issuance and transfer. The new shares are negotiable instruments and the same rules as apply to the existing shares in respect of rights and duties, redeemability and transferability shall apply.
        Art. 5(3): To be deleted.
        Art. 5(4): To be deleted.
    b. Authorisation to the Supervisory Board to make such amendments as may be required by the Danish Business Authority in connection with registration of the Articles of Association.
    c. Any other business.

    Reference to Jyske Bank’s website for further information
    Where in this notice of a General Meeting, reference is made to Jyske Bank’s website for further information, this link can be used: https://www.jyskebank.dk/ir/generalforsamlinger.

    Adoption of motions – requirements
    The motion to amend Jyske Bank’s Articles of Association (items a.1-a.3 of the agenda) at extraordinary general meetings shall only be finally adopted where adopted by three fourth of the votes cast as well as by three fourth of the voting share capital represented at the general meeting, cf. Art. 12(2) of the Articles of Association.

    Size of the share capital, voting rights of the shareholders and registration date
    Jyske Bank’s share capital is DKK 642,720,950, comprising shares at a face value of 10. Any share amount of DKK 10 shall carry one vote, provided always that 4,000 votes are the highest number of votes any one shareholder may cast on his own behalf. Voting rights can only be exercised by shareholders or their proxies. For the voting right of a share to be exercised, the share shall be registered in the name of the holder in the Bank’s register of shareholders not later than on the day of registration, which is 17 April 2025, or the title to such share shall be notified and documented to the Bank within that same time limit.

    Proxy and postal vote
    Shareholders may as from Friday, 28 March up to and including Wednesday, 16 April 2025 give voting instructions, appoint Jyske Bank’s Supervisory Board or a third party as proxy either electronically or by means of the Power of Attorney form.

    Shareholders may attend the General Meeting by proxy and cast their votes by proxy.

    In addition, shareholders may as from Friday, 28 March up to and including Wednesday, 23 April 2025 at 10.00 a.m. cast postal votes either electronically or by means of a form.

    Proxies may be appointed or postal votes may be cast electronically at the Investor Portal via Jyske Bank’s website. A form for the appointment of proxies or for casting postal votes is available at one of Jyske Bank’s branches or can be downloaded from Jyske Bank’s website. Where the form is used, please forward the completed and signed form either by post to Euronext Securities (VP Securities A/S) at the address Nicolai Eigtveds Gade 8, 1402 Copenhagen K or by email to CPH-investor@euronext.com. The form must reach Euronext Securities (VP Securitas A/S) by the above-mentioned deadlines, and proxies must have been appointed or postal votes must have been cast electronically by the same deadlines.

    Custodian bank
    Jyske Bank’s shareholders may choose Jyske Bank A/S as their custodian bank in order to exercise their financial rights through Jyske Bank A/S.

    Questions from shareholders
    Shareholders are recommended to ask questions in writing before the general meeting about the items of the agenda or Jyske Bank’s financial position. Please send questions to Jyske Bank A/S, Juridisk Afdeling, Vestergade 8-16, DK-8600 Silkeborg or by email to Juridisk@jyskebank.dk. Questions and answers will be presented at the general meeting, and shareholders who have asked questions will receive replies directly from Jyske Bank. At the General Meeting, the management will also answer questions from the shareholders about matters of importance for the financial situation of Jyske Bank and questions for consideration at the General Meeting.

    Additional information
    The following documents and information can be downloaded from Jyske Bank’s website from Friday, 28 March 2025:
    1. Notice of Extraordinary General Meeting
    2. The total number of shares and voting rights at the date of the notice
    3. Agenda and full wording of motions.
    3. The forms to be used when voting by proxy or by postal vote

    Notification of participation
    Shareholders who wish to attend the General Meeting and cast their votes must notify their participation at the Investor Portal via Jyske Bank’s website as from Friday, 28 March 2025 up to and including Wednesday, 16 April 2025.
    Confirmation of registration and QR code for the General Meeting Portal will be submitted by email (also in case of powers of attorney to third parties), and therefore it is important that you register your email address at the Investor Portal.
    At the entrance to the general meeting, you press the submitted QR code in the email to register your attendance which is why you must bring your smart phone or your tablet. Any votes will also take place via the General Meeting Portal. Additional guidelines for using the General Meeting Portal will be available at the entrance to the general meeting.
    If you are unable to receive confirmation of registration to the general meeting by email, you may register for the general meeting by means of the sign-up form available at Jyske Bank’s website or
    by contacting one of Jyske Bank’s branches. If so, you must contact and confirm your attendance at the entrance to the general meeting which requires that you produce valid identification.

    Silkeborg, 25 March 2025
    The Supervisory Board

    Attachment

    The MIL Network

  • MIL-OSI Economics: Olli Rehn: Eurozone outlook and European Central Bank monetary policy

    Source: Bank for International Settlements

    Presentation accompanying the speech

    Let me first thank MNI for inviting me to speak at this conference. To kick off, I will briefly discussthe economic outlook in the eurozone and the current lines of thought in the ECB’s monetary policy.

    In presenting my remarks here, I will focus particularly on how the significant shifts in world politics of recent weeks will, in my view, affect the euro area economy and the European Central Bank’s monetary policy.

    Slide 2: Geopolitics dominates economic outlook

    Geopolitics currently dominates and weighs on the outlook for the global economy, and does so with exceptional force. 

    Russia’s illegal, brutal war of aggression in Ukraine has been going on for more than three years. It has shaken the European security order, and more recent events since the Munich Security Conference a month ago have marked a major disruption in the world order – in a way that is dangerous for Europe. This has forced the European Union to seek to strengthen its common defences.

    It is clear that the United States is undergoing a fundamental change of direction both in its foreign and security policy and in its domestic political development. This is not necessarily just a temporary phenomenon, but may be a more permanent turn in US politics. And US foreign policy is now operating under a very different kind of rationality than it used to.

    “America first” trade policy in the US is profoundly protectionist but highly unpredictable. There will be no winners in a trade war. Tariffs and the related uncertainty will hit investment and slow down growth everywhere. The latest indicators on the US economy point to weaker than expected growth, which would also affect growth prospects in Europe.

    As a result of the turmoil in world politics in recent weeks, Europe has woken up to the necessity of strengthening common defence. The situation is acute, and many EU countries, led by Germany, have announced significant decisions to increase defence spending. Europe is now taking action and responding to the challenge of forming and financing a common, strong defence.

    These defence investments will have to be made in a situation where the public deficits of EU Member States are already large. However, the investments required for defence are of such a magnitude that they cannot be financed simply by increasing taxation or cutting other public sector expenditure. It is therefore, in my view, justified, in the short term, to utilize the flexibility elements included in the EU’s new fiscal rules, provided that longer-term debt sustainability is not compromised. 

    This is why we also need common European financing solutions, implemented in a way that strengthens our common security and accelerates joint procurement and production – I am thinking of air defence and drone production, for example.

    Slide 3: Bank of Finland’s scenario calculation: A trade war would weaken growth worldwide

    Recent statements from the United States about imposing import tariffs have raised the threat of a trade war in the global economy. An analysis published a week ago by the Bank of Finland illustrates the significant risks that a trade war would pose to economic growth.

    The study assumes that the United States would impose a 25% tariff increase on all imports from the euro area and a 20% increase on all imports from China. It also assumes that the euro area and China would impose equivalent tariffs on the United States. Moreover, the calculations take into account the potential economic effects of increased uncertainty affecting economic policy.

    The scenario demonstrates that there are no winners in a trade war. As a result, world GDP would decline by more than 0.5% per year. The effects on the euro area and China would be even greater. A key aspect of a trade war is the rise in uncertainty, which we are already witnessing and which could lead to a reduced willingness to investment among businesses.

    Efforts should, in any case, be made to prevent the threat of a trade war through a fair negotiated solution to mitigate the negative effects on growth. To support a negotiated solution, Europe should be prepared to respond to the imposition of tariffs with potential countermeasures.

    It must also be said that when a brutal war is being fought on European soil, a trade war is the last thing we need right now – especially among allies.

    Slide 4: Growth in the euro area economy picking up gradually

    US tariffs and increased uncertainty are already having adverse effects on economic growth outlook in the euro area in the immediate and near term.

    Europe’s response to the deterioration of the security situation will have its own effects on European economies, which are very difficult to quantify at this stage.

    The growth outlook for the euro area remains subdued. According to the ECB’s March forecast, growth in the euro area is gradually picking up, but at a slower pace than expected, and growth risks are on the downside.

    In addition to cyclical factors, the euro area economy is also experiencing structural problems. In the ECB’s new forecast, productivity growth is slower than before. The weakness appears to be more structural than previously. But it would be wrong to say that it is entirely structural.

    One – if not the only – reason for Europe’s slow productivity growth is precisely the weak development of investment in recent years. The background is a great deal of uncertainty fuelled by geopolitics, but there were also tight financial conditions for a long time.

    Let me reveal that I don’t belong to those who makes a crystal-clear distinction between structural and cyclical factors – it would be against my macroeconomic training. Rather, I see the distinction as a line drawn in water. Here, I feel like applying a giant of economics: “In the long run, we will all retire. But in the meantime, we need more productive investment.”

    In other words: although the euro area’s longer-term challenges of growth and competitiveness cannot be solved by monetary policy, the fall in interest rates brings welcome room for manoeuvre for households and companies. Rate cuts have been supportive of the investments that are required to improve productivity. Of course, in the long term, the level and growth of investments is determined by their expected real returns.

    Although there is little to be positive about in the security situation in Europe, the expected increases in defence spending and investment are at least likely to support GDP growth over the medium-term.

    Slide 5: Euro area inflation stabilising at the 2% target

    Inflation in the euro area is stabilising at the ECB’s 2% target. The path of disinflation has been pretty much in line with forecasts. Wage inflation has largely decelerated, and forward-looking wage indicators point to a clear slowdown in wage growth. Most measures of core inflation − which excludes energy and food prices − also point to a sustained convergence of inflation around the 2% target over the medium term.

    Risks to the inflation outlook are two-sided. Protectionism in world trade dampens growth and increases uncertainty about the inflation outlook. Geopolitical tensions pose a wide range of risks to the energy market, consumer confidence and corporate investment.

    Slide 6: ECB’s decision to ease monetary policy spurred by inflation stabilising and growth weakening

    The ECB’s latest decision to ease monetary policy leaned on the fact that inflation is stabilising and growth weakening. Thus, the Governing Council decided to cut the key policy rate by 25 basis points.

    The rate cut was the sixth since we started easing monetary policy. Since last June, the deposit facility rate has been lowered by a total of 1.5 percentage points, from 4% to 2.5%. Monetary policy is thus becoming meaningfully less restrictive.

    The decision was based, as usual, on three elements: the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission.

    We are not pre-committed to any interest rate path. Policy rates are set at each meeting based on the latest information and our comprehensive assessment, next time on 17 April. The Governing Council retains full freedom of action in times of pervasive uncertainty.

    Slide 7: Europe is under challenge from the world of geopolitics – investment is needed now in security and productivity

    Let me now conclude. The world is now experiencing a transition of potentially similar magnitude as 30 years ago, when the Berlin Wall fell, the Cold War ended and Europe united. At that time, the evolution of humanity took a step forward and security rooted in cooperation was strengthened.

    Today the world only is in reverse gear: power politics has returned in a brutal way with Russia’s invasion, the United States is standing by Russia and playing sphere-of-influence politics, and China is challenging the entire international order. 

    But we must be able to navigate even in this geopolitically difficult terrain. With the Munich Security Conference, Europe has received yet another wake-up call.

    At the same time, we must focus on our own economic problems. Europe needs investments in productivity growth – in human capital and in research and innovation. Protectionism highlights the need to complete the single market and expand the EU’s network of free trade agreements.

    The stabilisation of inflation and the weakening of the growth outlook have supported monetary policy easing since last summer. The ECB’s monetary policy has been reasonably successful in bringing inflation down without inflicting unnecessary pain to the real economy.

    The past few weeks have shown that Europe must urgently get its act together and stand united in the face of external security threats. In the coming weeks and months, Europe will have to demonstrate that it is taking action and meeting the challenge of strengthening its defence. There is no time to waste.

    Thank you very much. I am happy to take any questions you have.

    MIL OSI Economics

  • MIL-OSI Video: UK Take a midweek tour of Parliament

    Source: United Kingdom UK Parliament (video statements)

    In 2024, the Palace of Westminster welcomed 560,317 visitors, and rose 112 places in the Association of Leading Visitor Attractions rankings.

    “We are thrilled to have welcomed a record number of visitors to Parliament in 2024. This achievement is a testament to the dedication of our Visitor Experience team, who work tirelessly to deliver a world-class experience for every visitor,” said Abbie Fox-Smith, Director of Visitor Experience.

    Nick, a member of our Visitor Experience team, shows you what to expect on a midweek tour of Parliament

    Book your tickets to visit the Palace of Westminster: https://tickets.parliament.uk/timeslot/uk-parliament-english-guided-tour

    https://www.youtube.com/watch?v=Iqbokbo2Ii0

    MIL OSI Video

  • MIL-OSI United Kingdom: Kevin Rooney announced as new Senior Traffic Commissioner

    Source: United Kingdom – Executive Government & Departments

    Press release

    Kevin Rooney announced as new Senior Traffic Commissioner

    Secretary of State for Transport appoints Kevin Rooney as the new Senior Traffic Commissioner.

    • Kevin Rooney will start his new role on 1 June 2025
    • he has been appointed following 13 years’ service as Traffic Commissioner for the West of England, a role he will maintain while in his new position
    • Transport Secretary thanks outgoing Senior Traffic Commissioner Richard Turfitt for his great work, including seeing the arm’s length body through the pandemic

    The Secretary of State for Transport is pleased to announce the appointment of Kevin Rooney as the new Senior Traffic Commissioner, effective from 1 June 2025.

    In his role as Senior Traffic Commissioner, Kevin will oversee the work of the Traffic Commissioners, who are responsible for regulating the road transport industry across the UK, with specific oversight of public service vehicles (such as buses and coaches), freight operators, and drivers.

    Kevin takes on the Senior Traffic Commissioner from his current position as Traffic Commissioner for the West of England and brings extensive knowledge from his experience at the Vehicle Inspectorate and Vehicle and Operator Services Agency (VOSA). In these roles, he managed the introduction of the first MOT emission tests, diesel smoke tests and led the programme to upgrade VOSA’s enforcement processes, alongside working as a road safety consultant to new EU member states.

    As the role of Senior Traffic Commissioner must be held by a serving Traffic Commissioner, Kevin will retain his role as West of England Traffic Commissioner alongside his new position. Kevin is hoping to continue the excellent work done by his predecessor, Richard Turfitt, to improve and develop the Traffic Commissioner service.

    Richard leaves the role following the natural conclusion of his second 4-year term as Senior Traffic Commissioner. During his time in office, Richard has responded to a period of unprecedented and unparalleled change, first working through the issues emerging from the UK’s departure from the EU including drafting statutory guidance on the contingency of the European Conference of Ministers of Transport (ECMT) Permits and then working to provide support during COVID-19 and the recovery period. 

    Under his stewardship, the Traffic Commissioners were guided through the pandemic, maintaining critical services, which led to a complete overhaul of operations, including the move to virtual hearings and the use of digital technologies, alongside strengthened ties with the Driver and Vehicle Standards Agency (DVSA).

    Richard’s liaison with the sector via key note addresses and industry engagements has also been widely appreciated by industry leads, and served to bring visibility to the Traffic Commissioner’s important role in regulation and road user safety. As Kevin steps into the role, Richard will be continuing in his role as Traffic Commissioner for the East of England.

    Heidi Alexander, Secretary of State for Transport, said:

    I’m delighted to confirm Kevin Rooney as the new Senior Traffic Commissioner.

    He arrives with a wealth of experience from his time as Traffic Commissioner for the West of England and we’re all excited to see him build on the fantastic work of his predecessor, Richard Turfitt.

    I’d like to extend my thanks to Richard for his 2 full terms of service in the role, during which he has seen the team through the difficult pandemic period, and wish him the very best for the future, as he returns to his vital role as Traffic Commissioner for the East of England.

    Kevin Rooney, incoming Senior Traffic Commissioner, said:

    It is a great privilege to be appointed as Senior Traffic Commissioner for Great Britain.

    I want to pay tribute to Richard Turfitt and the work he has done as Senior Traffic Commissioner for the past 8 years. Arguably, he led the commissioners through some of the toughest times we have seen during the pandemic, making quick decisions to keep the haulage and passenger industries working compliantly and to facilitate service recovery thereafter.

    Following in his footsteps will not be easy, but I look forward to that challenge, working equally closely with those who support commissioners and those we serve.

    Richard Turfitt, outgoing Senior Traffic Commissioner, said:

    I am pleased that the work of traffic commissioners is being recognised. It has been humbling to hold this judicial leadership role at times of crisis and to then be able to help the many responsible operators, transport managers and drivers who make up the regulated industries.

    It is undoubtedly a challenging and often isolating role, which requires support from officials, colleagues, tribunal and licensing staff and stakeholders to be effective. The working relationship with professional bodies and trade representatives has proved invaluable to serving Great Britain and in securing the safety of road transport.

    I look forward to continuing and supporting Kevin in that work, as he takes up the mantle.

    Roads media enquiries

    Media enquiries 0300 7777 878

    Switchboard 0300 330 3000

    Updates to this page

    Published 25 March 2025

    MIL OSI United Kingdom