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Category: Europe

  • MIL-OSI China: China welcomes all efforts dedicated to peace in Ukraine

    Source: China State Council Information Office

    This photo taken on Feb. 27, 2022 shows smoke rising in the sky in Kiev, Ukraine. [Photo/Xinhua]

    China welcomes all efforts dedicated to peace in Ukraine, including the recent agreement reached by the United States and Russia to start peace talks, Fu Cong, China’s permanent representative to the United Nations, said on Monday.

    In remarks at the UN Security Council briefing on Ukraine, Fu said China has consistently advocated for settling global disputes and conflicts peacefully through dialogue and consultation in accordance with the UN Charter, and this applies equally to the Ukraine issue.

    He recalled that 10 years ago, the parties concerned with the Ukraine issue reached the Minsk Agreements through negotiations, and that the agreements were subsequently endorsed by the Security Council in its Resolution 2202, which “represents the right direction of resolving differences and disputes through dialogue and negotiation.”

    “Regrettably, after the conclusion of the agreements, most of the provisions were not fully and effectively implemented,” the ambassador said, adding that the situation that should have gradually deescalated has instead become even more tense, ultimately leading to the full escalation of the crisis and a large-scale conflict that continues to this day.

    “The failure of the Minsk Agreements is deplorable, and its historical lessons warrant deep reflection,” Fu said.

    He stressed that from the day after the crisis broke out, China has called for a political solution through dialogue and consultation, noting that the four-point proposal — the sovereignty and territorial integrity of all countries should be respected, the purposes and principles of the UN Charter observed, the legitimate security concerns of all countries given due regard, and all efforts conducive to the peaceful settlement of the crisis supported — is China’s fundamental guidance on the Ukraine issue.

    China has been actively engaged in diplomatic mediation and maintains contact with relevant parties, including Russia and Ukraine, has had in-depth participation in the consideration of the Ukraine issue under the framework of the United Nations and its Security Council, and plays a constructive role in promoting ceasefire and political settlement, Fu said.

    China has also partnered with Brazil and other countries in creating the Group of Friends for Peace to garner the collective wisdom of the countries of the Global South and form an important force for peace, said the ambassador. “The evolving situation has proven that China’s proposal is objective, fair, rational, and pragmatic, reflecting the broad consensus of the international community.”

    Fu pointed out that at present, the Ukraine issue is about to reach a critical moment for a negotiated settlement, and “the ultimate resolution of any conflict lies at the negotiation table, and history will undoubtedly deliver a just outcome.”

    He expressed the hope that all relevant parties and stakeholders involved in the Ukraine crisis will engage in the peace talks process, and reach a fair, lasting, and binding peace agreement acceptable to all parties.

    “As the conflict has been unfolding on European soil, it is imperative for Europe to work for peace,” Fu said.

    “We hope the parties will jointly address the root causes of the crisis through negotiation and find a balanced, effective, and sustainable security framework for lasting stability in the region,” he said.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: China ready to enhance cooperation with Ireland: FM

    Source: China State Council Information Office

    Irish Taoiseach Micheal Martin meets with visiting Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, in Dublin, Ireland, Feb. 17, 2025. [Photo/Xinhua]

    China is ready to work with Ireland to enhance their mutually beneficial cooperation, making it bigger, stronger, deeper and more concrete, in order to achieve shared development and prosperity, Chinese Foreign Minister Wang Yi said in Dublin on Monday.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a meeting with Irish Taoiseach Micheal Martin.

    He said China-Ireland relations have continuously developed alongside China’s reform and opening-up process. The development of the Shannon Free Zone has served as a valuable reference for China, while China’s development has also, in return, brought benefits to Ireland, he stressed.

    The minister said the facts have proved that the mutually beneficial strategic partnership between China and Ireland serves both countries’ interests and brings benefits to their people.

    At present, China is committed to promoting broader and deeper reform across the board, advancing Chinese modernization, and building a higher-standard open economy, which will bring new opportunities to all countries, including Ireland, Wang said.

    China appreciates Ireland’s positive, pragmatic, and friendly policy towards China and stands ready to work with Ireland to implement the consensus reached by leaders of the two countries, consolidate high-level mutual trust, and expand high-level cooperation, he said.

    Wang stated that both China and Ireland are strong advocates of multilateralism and free trade. Under the current situation, China is ready to work with Ireland and the European Union (EU) in the spirit of equality and mutual respect, upholding the principles of openness, inclusiveness, and win-win cooperation, he noted.

    China seeks to strengthen dialogue, enhance mutual trust, and properly manage differences with Ireland, Wang said, adding that both sides can serve as a constructive force in the process of global multi-polarization, making joint efforts to safeguard global peace, stability, and development.

    Martin, for his part, stated that Ireland and China enjoy a long-standing tradition of friendship, mutual respect and trust, and strong bilateral relations. He noted that Chinese Premier Li Qiang paid a successful visit to Ireland last year.

    China’s modernization and accelerated green transformation have brought significant opportunities to the world, he said, adding that Ireland attaches great importance to and cherishes its relations with China, and is willing to develop a closer partnership while continuing to adhere to the one-China policy.

    At a time when unilateralism and protectionism are on the rise, Ireland is willing to work with China to uphold multilateralism, support free trade, safeguard the stability of industrial and supply chains, and commit to resolving differences and disputes through dialogue, Martin said.

    He noted that Ireland is willing to play a constructive role in promoting dialogue and cooperation between the EU and China.

    During his visit, Wang also held talks with Tánaiste and Ireland’s Minister for Foreign Affairs and Trade Simon Harris.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: Ukraine not to participate in US-Russia talks: Zelensky

    Source: China State Council Information Office 3

    Ukrainian President Volodymyr Zelensky said Monday that Kiev would not participate in the upcoming U.S.-Russia negotiations set to take place in Saudi Arabia this week, the Interfax-Ukraine news agency reported.

    “Ukraine will not take part. Ukraine knew nothing about this,” Zelensky was quoted as saying, emphasizing that Kiev will not accept the results of the negotiations that do not involve Ukraine.

    “We cannot recognize anything or any agreements about us without us. And we will not recognize such agreements,” he emphasized.

    Zelensky added that his official visit to Saudi Arabia on Tuesday “has no connection with the things that are happening in Saudi Arabia at the level of representatives of the United States and Russia.”

    The U.S. and Russian delegations are set to meet on Tuesday to discuss a possible solution to the Russia-Ukraine conflict, according to local media reports.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: Russia, US to prepare talks on Ukraine, meeting between presidents

    Source: China State Council Information Office 3

    Russian and U.S. envoys will prepare possible talks on Ukrainian settlement and organize a meeting of their presidents during a Tuesday meeting in Saudi Arabia, Kremlin Spokesman Dmitry Peskov said in Moscow on Monday.

    Peskov said Russian Foreign Minister Sergei Lavrov and Aide to the President of Russia Yuri Ushakov on Monday were flying to Riyadh on behalf of Russian President Vladimir Putin, adding that they will meet with U.S. representatives on Tuesday.

    Lavrov and Ushakov will report to Putin on the results of the talks there, he said.

    The representatives from the U.S. side will be Secretary of State Marco Rubio, National Security Adviser Mike Waltz and Middle East Special Envoy Steve Witkoff, NBC News reported.

    Putin and U.S. President Donald Trump held a telephone conversation on Feb. 12, during which the two leaders agreed to keep personal contacts, including arranging a meeting in the future.

    MIL OSI China News –

    February 18, 2025
  • MIL-Evening Report: Fish and chips shouldn’t come with a catch: how Australia can keep illegal seafood off our plates

    Source: The Conversation (Au and NZ) – By Leslie Roberson, Postdoctoral research fellow, Centre for Biodiversity and Conservation Science, The University of Queensland

    If you’ve ever been stopped by quarantine officers at the airport, you might think Australia’s international border is locked down like a fortress. But when it comes to trade in seafood, it’s more like a net full of holes.

    Products sourced from illegal, unreported and unregulated fishing can easily slip through to unsuspecting buyers.

    Seafood is among the world’s most traded agricultural commodities. Yet illegal fishing accounts for an estimated one-fifth of all wild-caught seafood.

    This represents a serious threat to marine ecosystems, food security and even human rights. The phenomenon has been linked to organised crime, modern slavery, and the depletion of vulnerable species such as abalone and hammerhead sharks.

    The blame usually falls on countries where the fishing occurs, or where the boat is registered. But seafood markets, including processors, retailers and consumers, play a major role in driving demand. They could also play a crucial role in combating illegal fishing.

    In our new policy paper, we propose more effective controls on seafood imports.

    What is illegal, unreported and unregulated fishing? (Australian Fisheries Management Authority)

    Australia’s role as a seafood-loving nation

    Australia spends considerable effort managing its own fisheries, ensuring they are legal and sustainable.

    Yet, 60 to 70% of the seafood consumed in Australia is imported.

    These imports come mainly from countries with weaker environmental regulations, more illegal activity, and greater vulnerability to labour abuse and slavery.

    Current policies leave Australia vulnerable to illegally sourced seafood. Key information, such as the fishing location or species name, is often not required under current trade measures. This means seafood products can be imported under vague labels such as “frozen fish”, obscuring their identity and origins.

    Suspect seafood products

    Certain seafood products such as shark fins are more likely to be sourced illegally for a variety of reasons, including high market value. Other riskier wild-caught products imported into Australia include:

    • shark meat (“flake”): high chance of being illegally caught and most commonly mislabelled
    • tuna: a high-value product that could be illegally caught
    • squid: most of Australia’s imported squid is caught by Chinese fleets, which are under fire for illegal fishing and labour abuses.
    Most of the seafood consumed in Australia comes from overseas.
    Shine Nucha, Shutterstock

    A new border policy could help crack down on fishy imports

    Australia has made international commitments to consume sustainable seafood, in fisheries policy and through subscribing to the United Nations 2030 Sustainable Development Goals and the Global Biodiversity Framework. Meeting these commitments will require being more careful about what we import from other countries. This could take the form of stricter border regulations.

    The Australian government has begun to explore trade measures aimed at denying entry to illegal or untraceable seafood products. A group of organisations was formed two years ago to support this process. While a draft report was released at the end of 2023, the final outcome remains delayed – perhaps until after the next federal election.

    To inform this process, we reviewed the existing seafood import policies and recommend eight key design criteria for improvement.

    Only the United States, the European Union, and Japan have systems in place to verify the legal origin of imported seafood. Since these are some of the world’s largest seafood import markets, their efforts are important. But their schemes all have notable flaws that Australia should avoid replicating.

    These systems are technologically obsolete, lack solid traceability and accounting mechanisms, and rely on trade documents that are often impossible to verify. Most systems are not fully electronic, resulting in shipping containers of seafood arriving with shoeboxes of paper catch certificates.

    There are no mechanisms for cooperation between countries. Crosschecking of the same certificate arriving in both France and Italy, for instance, is not yet possible. This makes it easy to reuse certificates across multiple countries, enabling trade of falsely labelled or illegally caught seafood.

    Unlawful transfer of fish between vessels is an example of illegal fishing activity.
    Richard Whitcombe, Shutterstock

    Australia’s chance to take the lead against fishy imports

    Seafood supply chains are notoriously complex. Without effective certification schemes, keeping seafood sourced from illegal fishing operations out of our market is virtually impossible.

    Although Australia’s seafood appetite is minuscule compared to the US, the EU, or Japan, it has the resources and the opportunity to create a better import control system. Such a system would involve designing an electronic platform with automated fraud detection mechanisms that tracks seafood products from the fishing boat, through the supply chain, to the Australian border. Australia can then start to close the sizeable loophole in its efforts to secure a legal and traceable seafood supply.

    Such policies would support sustainable Australian fisheries and help the country’s biggest seafood suppliers to source responsibly. Nearly every country in the world trades seafood: if countries implement smart import policies, illegally sourced seafood will become much easier to intercept.

    The authors appreciate the valuable contributions of Gilles Hosch, a fisheries expert with 25 years of experience in global fisheries compliance and seafood traceability.

    Leslie Roberson receives funding from the Australian Research Council.

    Carissa Klein receives funding from the Australian Research Council.

    Rosa Mar Dominguez-Martinez receives funding from the Australian Research Council.

    – ref. Fish and chips shouldn’t come with a catch: how Australia can keep illegal seafood off our plates – https://theconversation.com/fish-and-chips-shouldnt-come-with-a-catch-how-australia-can-keep-illegal-seafood-off-our-plates-249481

    MIL OSI Analysis – EveningReport.nz –

    February 18, 2025
  • MIL-OSI Submissions: Pacific – Vanuatu’s earthquake won’t stop children learning – UNICEF

    Source: UNICEF Aotearoa NZ

    UNICEF supports Vanuatu’s recovery plan as thousands of children start a new school year
    Port Vila, Vanuatu, 17 February 2025 – Two months on since the 7.3 magnitude earthquake struck Vanuatu, more than 12,000 children from affected schools are able to continue their learning during this new school year. The earthquake caused widespread damage to lives, homes, schools, and health care facilities.
    UNICEF is supporting government efforts to ensure that all children have as smooth a transition as possible back into learning, providing temporary learning spaces and materials to help children readjust. It is vital that children regain a sense of normalcy and connection, to protect them from the harmful effects of prolonged stress.
    According to the Vanuatu Ministry of Education and Training, 45 schools have been affected, with 107 classrooms sustaining varying levels of damage. 20 Early Childhood Care and Education centres were also affected. As a result, there are far too few safe classrooms for the numbers of children returning to school.
    Children must be able to learn, despite these challenges, so UNICEF and partners have provided more than 50 safe temporary learning spaces for 5,839 girls and boys. Learning materials, School-in-a-Box and Early Childhood Development kits for 2,300 children and teachers have also been provided. These learning spaces will not only provide a conducive learning environment but also serve as entry points for other essential services for children’s recovery including mental health and psychosocial support.
    Through the deployment of a child psychologist, teachers and other frontline workers are being trained to run psychosocial support activities with children. The activities are designed to help children express their feelings, and to help adults identify signs of distress, to provide counselling, and to make referrals to specialized mental health services where required.
    UNICEF is also supporting access to safe water, sanitation, and hygiene practices to provide school children and teachers with a safe and supportive environment for learning. This includes quick fixes; restoring water, sanitation, and hygiene services; and the provision of WASH in school kits, which include soap and portable handwashing stations, to the affected schools. This is complemented with hygiene education materials and training to strengthen the operation and maintenance of WASH infrastructure.
    “Every child deserves to have the opportunity to learn, especially with these challenges,” said UNICEF Pacific’s Chief of Vanuatu Field Office, Eric Durpaire. “We are working with teachers and communities to enable a safe return to school for all children, under the leadership of the Ministry.”
    In the coming months, UNICEF’s recovery plan includes the rehabilitation of the classrooms that will allow children to shift from temporary learning spaces to semi-permanent or permanent structures. The plan must ensure the long-term maintenance and teacher and community resilience.
    UNICEF is working closely with the government, communities, and partners to integrate disaster-resilient designs as well as climate-adaptive measures into reconstruction efforts to reduce vulnerabilities. This includes support across essential aspects of a child’s optimal development – nutrition, health, safe water, learning opportunities and a safe and protected environment.
    Emergency response and recovery after a disaster such as this cannot be achieved alone. UNICEF acknowledges the support provided by donors including the Government of Australia, the Government of the United Kingdom as well as the United Nation’s Central Emergency Response Fund (CERF), while acknowledging the Government of Vanuatu in ensuring that children can pack their bags for a new school year.

    MIL OSI – Submitted News –

    February 18, 2025
  • MIL-OSI Europe: Record Employment Levels in Companies Supported by EI, IDA & Údarás na Gaeltachta reflect strength and resilience

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    18th February 2025

    Over 546,763 jobs in client companies of Government agencies in 2024, an increase of 7,030 jobs on 2023 

    The Minister for Enterprise, Tourism and Employment Peter Burke has today (18.02.2025) published two surveys on the Irish economy, which reflect the continued strength and resilience of industry in Ireland in the face of the challenges posed by global economic and political headwinds.

    The Annual Employment Survey 2024 finds that jobs in client companies of Enterprise Ireland, the IDA and Údarás na Gaeltachta, are now at their highest ever level, at over 546,763 jobs, which is a 1.3% increase on 2023 figures. 

    The Annual Business Survey of Economic Impact 2023 shows strong growth in sales, exports, value added and direct expenditures in the Irish economy for both Irish and foreign-owned companies in 2023.  

    The Minister said:

    “These results demonstrate the strength and resilience of our jobs market and industry in Ireland, in spite of the challenges posed by global economic and political headwinds. 

    “In 2024, employment growth in Irish owned firms was strong across the board, including in the Construction, Business Services and Food & Drink sectors. Total permanent, full-time jobs among Irish-owned companies has increased by another 2.3% this year, with Irish-owned companies growing in employment in every year over the past decade.  

    “Among Foreign owned firms, employment growth in Chemicals, Business Services and Medical Devices sectors has meant that we have maintained 300,000 roles across FDI, with 2,237 additional roles added this year. Sales and exports continue to grow strongly, and these companies purchase goods and services in the local economy.  

    “Government enterprise policy is working and making a significant impact on employment levels and wider society. My Department will maintain a laser focus on jobs, actively supporting and incentivising Irish businesses, while also investing in bringing new jobs to Ireland”

    Annual Employment Survey 2024 Key Findings: 

    • Employment in FDI firms increased by 0.3% since 2023, with 1,064 additional total jobs.  
    • In Irish-owned firms, employment increased by 2.7%, an increase of 5,966 total jobs since 2023. 
    • Among Irish owned firms the Energy, Water, Waste Construction sector gained the most jobs followed by Business Services with +1,444 and +995 full time jobs respectively. 
    • Among foreign owned firms Chemicals and Business Services gained the most jobs with +1,307 and +879 full time jobs respectively. 
    • Growth in employment between 2015-2024 was strongest in the Dublin region with an increase of 69.4% (+82,129), followed by the South-West (up 44.5%, +24,233 full time jobs). All regions grew employment over the ten-year period. 

    Annual Business Survey of Economic Impact (2023) Key Findings: 

    • Total sales amounted to €509.7 billion in 2023 which represents an increase of 6.8% in current prices on the previous year’s figure of €477.2 billion. 
    • Total exports in 2023 amounted to €459.4 billion, an increase of 7.0% on the previous year of €429.4 billion, with 92.4% of these exports being from foreign-owned enterprises.   
    • Value added (sales less materials and services costs) has also increased over this time-series and in 2023 amounted to €206.2 billion, up 6.4% on the previous year with 43.5% of this increase attributable to the foreign owned IT services sector.  
    • Direct Expenditure in the Irish Economy (Payroll, Irish Materials, Irish Services) has increased over 2022 by 4.8% to €78.5 billion in 2023. The level of direct expenditure in the Irish economy by foreign-owned client companies was €40.9 billion and €37.5 billion for Irish-owned client companies.  

    The Department of Enterprise, Trade and Employment co-ordinates these surveys of the client companies of the enterprise development agencies (Enterprise Ireland, IDA Ireland and Údarás na Gaeltachta). The results are presented by company ownership in terms of Irish and foreign-owned firms. 

    The indicators collected include annual sales and exports and payroll, materials and services costs. Data collected in 2023 and 2024 is merged with results of previous surveys to provide trend data and indicators are available by ownership and sector and are used by the agencies in their annual reports and end-of-year statements. 

    Agencies have commenced surveys of client companies for the 2024 Annual Business Survey of Economic Impact with all results expected early 2026. 

    ENDS

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    MIL OSI Europe News –

    February 18, 2025
  • MIL-OSI United Kingdom: New rail watchdog to give passengers a voice and hold railway to account

    Source: United Kingdom – Executive Government & Departments

    Have your say on how new Great British Railways (GBR) will work to provide reliable services for passengers across the country.

    • plans unveiled for landmark rail reform bill to establish powerful passenger watchdog
    • rewiring of our railways will end decades of poor service, waste and timetable chaos
    • unified, simplified railway will put passengers first, raise living standards and boost growth as part of government’s Plan for Change

    Plans for a landmark bill to rewire Britain’s railways, including setting up a powerful passenger watchdog to give passengers a voice and hold train operators to account, have been unveiled by the government today (18 February 2025).

    This once in a generation overhaul will establish Great British Railways (GBR), a new body bringing track and train together, delivering reliable services for passengers and catalysing growth across the country.

    Outlined in a consultation launched today, the plans will smash a broken rail system, put passengers at the forefront of all decisions made on the railways, ending major failures and disruptions like the 2018 timetabling crisis.

    Through this consultation, the government will be working with industry to rewire the railways and unite train and track, putting an end to outdated and inefficient processes which have resulted in poor performance, timetable chaos and complex fares and ticketing. It will also rightly be giving devolved leaders more of a say on the services that directly impact their towns and cities, working together to integrate transport making it simpler to travel and attracting more people to our railways. 

    The new independent watchdog will be tasked with ensuring GBR addresses the issues that consistently rank highest in passenger complaints, rooting out the problems that cause poor journeys, ensuring passengers are given clear information when they travel and help tackle the maze of confusing rail fares and tickets passengers have to navigate.

    It will hold operators to account on behalf of passengers and arbitrate where passengers are not satisfied about the handling of a complaint. Working with the Transport Secretary and GBR, it will also be given the powers to set clear standards for passengers on things like journey information and assistance, investigate persistent problems and publish reports on poor service. Where poor passenger experiences are identified, it will be able to refer this to the railway regulator for enforcement action.

    Growth is at the heart of this government’s missions and the key priority in the Plan for Change, which is why one of GBR’s guiding principles will be to work closely with the private sector to create jobs and drive investment and innovation.

    This includes investing billions of pounds in the private sector supply chain, so that improvements to the network are more coordinated, giving longer-term assurance to businesses. A long-term rail strategy will give industry certainty on what they can expect, including a long-term plan for rolling stock.

    Open access services will continue having a place on the network where they encourage growth, improve connectivity and provide more choice for passengers, as long as these benefits are not outweighed by costs to the taxpayer and impacts performance.

    Secretary of State for Transport, Heidi Alexander, said: 

    Passengers have put up with broken railways for far too long. This landmark reform will sweep away decades of failure, creating a Great British Railways passengers can rely on.

    We’re giving passengers a powerful voice with a new watchdog dedicated to addressing their biggest concerns, building railways people can trust, improving our services and boosting the economy in the process – the priority in our Plan for Change.

    These plans are the next step in establishing GBR, which will end years of fragmentation by bringing track and train together in a unified, simplified railway. As part of the biggest overhaul to the network in a generation, we will be raising living standards and connecting people to work, education, healthcare and leisure, supporting growth across the country.

    The consultation also looks more widely at far-reaching reforms and how GBR will interact with the industry to effectively implement its plans to relentlessly focus on driving up standards, boosting our economy and ensuring our railways deliver the services passengers deserve.

    Laura Shoaf, Chair of Shadow Great British Railways, said: 

    GBR will fundamentally change our railways, delivering growth, connections and opportunities across the country.

    The plans set out today will mean a better railway for everyone that uses it, allowing industry to work closer together, putting passengers and customers first and providing better value for money for taxpayers.

    Andy Burnham, Mayor of Greater Manchester, said:

    This is a once-in-a-generation opportunity to overhaul how the railways are run – creating a service that puts passengers first, with more reliable trains and simpler fares and tickets.

    In Greater Manchester things are already changing.  We’re working in partnership with the government and the rail industry on plans for the next phase of the Bee Network, to join up our trains, buses, trams and active travel routes, moving from a fragmented system to one that is more accountable to our residents. We look forward to helping shape the bill, with a statutory role for Mayors and city regions in making the railways work for everyone.

    This government is already working to deliver reforms ahead of Great British Railways being set up, including simplifying fares and modernising ticketing. This includes the rollout of Pay As You Go ticketing to give passengers the ability to travel more flexibly and working with devolved leaders on plans for further expansion in Greater Manchester and the West Midlands.

    In addition to this, our flagship Public Ownership Act, which achieved Royal Assent last year, will improve reliability and support the government’s number one priority of boosting economic growth, by encouraging more people to use the railway. This will also save taxpayers up to £150 million a year that will be invested straight back into the railways rather than the pockets of private shareholders.

    North East Mayor, Kim McGuinness, said:

    Passengers are crying out for a rail service that works for them. We need our train services to be joined up and much more reliable – helping more people get to where they need to be for the right price.  

    The North East is poised to make the most of the opportunity that rail reform presents to transform the network. Our recent North East Local Transport Plan public consultation shows most people want an integrated network and that’s what I will deliver in North East England. We are already taking steps to integrate rail ticketing in our region with the Metro system but we are ready to do so much more.

    A railway fit for Britain’s future consultation starts today and will last for 8 weeks.

    Rail media enquiries

    Media enquiries 0300 7777878

    Switchboard 0300 330 3000

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    Published 18 February 2025

    MIL OSI United Kingdom –

    February 18, 2025
  • MIL-Evening Report: Online violence and misogyny are still on the rise – NZ needs a tougher response

    Source: The Conversation (Au and NZ) – By Cassandra Mudgway, Senior Lecturer in Law, University of Canterbury

    Yesterday’s revelation of a 2023 standoff between the Human Rights Commission and New Zealand’s internet safety agencies highlights lingering concern about the current online safety code.

    According to the report from RNZ, the commission told NZ Tech and Netsafe that social media companies X Corp. and Meta failed to protect former prime minister Jacinda Ardern from misogynistic and dehumanising violence across their platforms.

    The commission’s claim that the Code of Practice for Online Safety and Harms was not fit for purpose apparently drew a sharp legal response from the agencies, which argued the commission showed bias and had overstepped its remit.

    But the historical incident raises important questions New Zealand has yet to grapple with properly.

    Established in 2022, the code is a voluntary set of commitments co-designed with the technology industry, including some social media companies such as Meta and X-Corp.

    Companies become signatories to the code and agree to its commitments. The current signatories are Meta, Google, TikTok, Twitch and X Corp.

    Among other provisions, the code asks signatories to take steps to reduce harmful content on their platforms or services, including harassment (where there is an intent to cause harm), hate speech (which includes sexist hate speech), incitement of violence and disinformation.

    The code is not legally enforceable. Compliance relies on willingness to adopt such measures. But there is an accountability structure in the form of an oversight committee. The public can lodge complaints with the committee if they believe signatories have breached the code, and the committee can remove a signatory from the code.

    When it was launched, the code received some international acclaim as an example of best practice for digital safety. But its critics argued that because it was co-written with social media companies, the commitments were not as strong or effective as they might have been.

    Jacinda Ardern was the target of extreme levels of online misogyny and violent rhetoric.
    Hagen Hopkins/Getty Images

    Is the code effective?

    Last year, Netsafe rang the alarm about increasing rates of online misogyny and violent extremism, including the targeting of public figures and politicians.

    This raises obvious questions about the code’s effectiveness. Since the Human Rights Commission cited the extreme online violence directed at Jacinda Ardern, former Green Party MP Golriz Ghahraman has spoken about the violent online misogyny and racism she experienced while in office.

    These forms of gender-based violence are a breach of women’s human rights. They also lead to women politicians self-censoring, avoiding social media, and generally having less contact with the public.

    Some overseas studies have shown prolonged exposure to online violence has led to women MPs leaving office sooner than planned. Overall, online harm endangers representative democracy and breaches women’s rights to participate in politics.

    The human rights implications also mean the New Zealand government has legal duties under international treaties to prevent online gender-based violence.

    The United Nations has also called on social media companies to do more to prevent the spread of racial hatred. As such, it is a function of the Human Rights Commission to promote and monitor compliance with international standards.

    NZ is out of step internationally

    In its current form, the code is not effective. Its commitments aim to reduce harm rather than eliminate it, and it is not comprehensive about the kinds of harm it wants signatories to reduce.

    For example, it does not include reference to “volumetric” attacks – the type of coordinated harassment campaigns against a person that were directed at Ardern.

    Further, the code’s threshold for “harm” is high, requiring the online violence to pose an imminent and serious threat to users’ safety. This does not easily capture the types of gender-based violence, such as misogynistic hate speech, that over time normalise violence against women.

    The code also emphasises the role of users in managing harmful content, rather than placing a responsibility on the platforms to investigate how their services and technologies might be misused to cause harm.

    Relying on voluntary commitments also puts New Zealand out of step with other countries such as the United Kingdom and Australia which have legally enforceable requirements for social media companies to protect online safety.

    Placing that burden on users – to block, report or remove content – is merely reactive. It does not prevent harm because it has already happened. And for some groups, such as MPs and public figures, the harm they receive can be overwhelming and seemingly endless.

    Preventing online gender-based violence requires proactive measures that are legally enforceable. To fulfil its international obligations, the government should urgently review the need for legal regulation that places the burden of online safety on large social media companies rather than on users.

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

    – ref. Online violence and misogyny are still on the rise – NZ needs a tougher response – https://theconversation.com/online-violence-and-misogyny-are-still-on-the-rise-nz-needs-a-tougher-response-250033

    MIL OSI Analysis – EveningReport.nz –

    February 18, 2025
  • MIL-OSI China: US, Europe face widening rift over Ukraine crisis

    Source: China State Council Information Office

    As the situation in Ukraine continues to evolve, the United States and its European allies have demonstrated increasing divisions regarding resolving the Ukraine crisis, a rift that became particularly pronounced at the just-concluded 61st Munich Security Conference (MSC).

    Keith Kellogg, Ukraine envoy of U.S. President Donald Trump, told a conference event in Munich on Saturday that Europe would not have a seat at the negotiation table. “I think this is not going to happen,” he said, although he confirmed that Ukraine would be involved.

    Trump held a phone call with Russian President Vladimir Putin on Wednesday, during which they discussed immediately engaging in direct negotiations aimed at ending the three-year-long conflict between Russia and Ukraine.

    Speaking to reporters afterward, Trump suggested he might meet Putin in Saudi Arabia.

    The unexpected call caught European leaders off guard, sparking concerns that the United States could reach a deal with Russia that would compromise European security without their involvement.

    In response, top foreign affairs officials from major European countries, including Germany, France and Poland, issued a joint statement, stressing that both Ukraine and Europe must be part of “any negotiation” regarding the Ukraine issue.

    Also attending the MSC, Ukrainian President Volodymyr Zelensky cautioned on Saturday that the era of guaranteed American support for Europe is over, indicating that remarks made by U.S. Vice President J.D. Vance a day before signaled a shift in U.S.-Europe relations.

    Vance had criticized Europe’s approach to democracy and immigration in Munich, stating that the greatest threat to the continent came from within. His comments provoked a strong backlash from European leaders.

    Zelensky also urged Europe to unite to create a joint military force and a coordinated foreign policy strategy.

    Fearing being sidelined on the Ukraine issue, EU leaders have urged unity and action across the continent. “This is an existential moment, and it’s a moment where Europe has to stand up,” said German Foreign Minister Annalena Baerbock during a panel discussion.

    French President Emmanuel Macron has scheduled an emergency meeting in Paris on Monday to discuss Ukraine and security in Europe. The meeting is expected to include leaders from Germany, Britain, Italy, Poland, Spain, the Netherlands and Denmark, as well as the NATO secretary-general and the presidents of the European Council and the European Commission.

    Polish Foreign Minister Radoslaw Sikorski said Saturday at the conference that he expects the meeting to address the challenges posed by Trump.

    On Sunday, British Prime Minister Keir Starmer said he is “ready and willing” to deploy British troops to Ukraine to help guarantee its security.

    Writing in the Daily Telegraph, Starmer said Britain was “ready to play a leading role” in Ukraine’s defense and security, including the commitment of 3 billion pounds (about 3.8 billion U.S. dollars) a year until 2030. 

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: China leads in foreign-invested enterprises in Uzbekistan

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

    TASHKENT, Feb. 17 — China led in foreign-invested enterprises in Uzbekistan with 3,467 companies, local media reported on Monday, citing the country’s statistics agency.

    As of Feb. 1 this year, the total number of enterprises and organizations with foreign investments operating in Uzbekistan reached 15,163, according to the report.

    The statistics also showed Russia held the second place with 2,973 enterprises, and Türkiye with 1,869.

    According to the press service of the Uzbek president, Uzbekistan plans to attract 43 billion U.S. dollars in investment in 2025.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI: Move Digital Announces Strategic Expansion into Robotics Manufacturing

    Source: GlobeNewswire (MIL-OSI)

    MAHE, SEYCHELLES, Feb. 17, 2025 (GLOBE NEWSWIRE) — Move Digital, a global leader in blockchain and AI technologies, is proud to announce its strategic expansion into the field of robotics manufacturing. This initiative underscores the company’s commitment to leveraging advanced technologies to enhance everyday living.

    Building upon its recent endeavors to strengthen consultancy services for governments, global leaders, and family offices—particularly in Tokyo, Monaco, Sydney, Hong Kong, and Singapore—Move Digital is now poised to revolutionize the household robotics sector. The company plans to establish state-of-the-art production facilities in China and Vietnam, aiming to develop cutting-edge robotics solutions that elevate the quality of life in private households.

    At the helm of this ambitious venture is CEO Kristof Schöffling, a serial tech entrepreneur with over 15 years of experience leading technology companies. Schöffling’s impressive track record includes several successful exits, positioning him as the ideal leader to navigate Move Digital into the forefront of robotics innovation. His visionary approach and dedication to integrating advanced technologies have been instrumental in shaping the company’s strategic direction.

    “Our expansion into robotics manufacturing represents a significant milestone for Move Digital,” stated Schöffling. “We are committed to developing innovative solutions that not only harness the power of AI and blockchain but also bring tangible benefits to households worldwide. By establishing production facilities in China and Vietnam, we are strategically positioned to leverage regional expertise and resources, ensuring the highest standards of quality and efficiency in our robotics products.”

    The global robotics industry is experiencing unprecedented growth, with projections indicating an expansion from $46 billion in 2024 to $169.8 billion by 2032. This surge is driven by advancements in artificial intelligence and machine learning, enabling robots to perform increasingly complex tasks autonomously. Move Digital’s entry into this dynamic market aligns with these trends, as the company seeks to develop AI-enabled robots equipped with smart digital manufacturing systems.

    In line with its commitment to innovation, Move Digital plans to implement flexible, modular production cells that are digitally connected and networked, served by intelligent autonomous mobile robots. These AI-powered systems will undertake tasks such as assembly and material handling, relieving individuals from these duties and enabling more rewarding activities.

    Kristof Schöffling’s leadership is pivotal in driving this transformative journey. His extensive experience in emerging technologies and his strategic foresight have been crucial in positioning Move Digital at the cutting edge of innovation. Under his guidance, the company is set to make significant contributions to the robotics industry, delivering solutions that enhance daily living and set new standards in technological excellence.

    As Move Digital embarks on this exciting new chapter, it remains steadfast in its mission to harness the power of technology to create meaningful, impactful solutions for individuals and communities around the globe.

    About Move Digital

    Move Digital is a global blockchain and AI technology firm specializing in the development of innovative applications for the B2B sector. With a focus on delivering cutting-edge solutions, the company is dedicated to driving technological advancements that enhance business operations and improve quality of life.

    Media Contact

    Brand: Move Digital Limited

    Contact: Kristof Schöffling

    Email: hello@movedigital.io

    Website: https://movedigital.com

    SOURCE: Move Digital Limited

    The MIL Network –

    February 18, 2025
  • MIL-OSI New Zealand: PM confirms ACT’s Defence spend target still on the table

    Source: ACT Party

    “A two-percent-of-GDP Defence target is turning into an emerging ACT triumph,” says ACT Defence spokesperson Mark Cameron.

    “I’m very pleased to hear the Prime Minister flag a target for Defence investment of two percent of GDP. ACT has long argued for this target, in line with the NATO benchmark, to secure our position in a changing world.

    “Protecting our citizens is the first and most important role of government. In previous alternative Budgets, ACT has outlined how we can shift spending away from the nice-to-haves and into Defence.

    “If we want to be taken seriously by our friends as an ally worth defending, we need to show we’re doing our part. That could mean sending peacekeeping troops to Ukraine, but it shouldn’t just be a token contribution. We need to equip our personnel with the expertise, technology, and interoperability to make a genuine contribution alongside the big players. That means more investment, and ACT has campaigned on this reality for two election cycles.”

    Last month, Mark Cameron and ACT MP Laura McClure published an op-ed making the case for a two-percent-of-GDP Defence target.

    MIL OSI New Zealand News –

    February 18, 2025
  • MIL-OSI USA: Waller, Disinflation Progress Uneven but Still on Track Rates Cuts on Track as Well

    Source: US State of New York Federal Reserve

    Thank you, Bruce, and thank you for the opportunity to speak to you today. It’s great being back in Sydney and seeing old friends—like the Opera House!
    As I look at the U.S. economy today, I see that the real side is doing just fine but progress on lowering inflation has come in fits and starts.1 After two good months of inflation data for November and December, January once again disappointed and showed that progress on inflation remains uneven. I continue to believe that the current setting of monetary policy is restricting economic activity somewhat and putting downward pressure on inflation. If this winter-time lull in progress is temporary, as it was last year, then further policy easing will be appropriate. But until that is clear, I favor holding the policy rate steady.
    Spending by households and businesses has proved to be resilient, we have solid growth in real gross domestic product (GDP) and the latest data on employment, including revisions to most of 2024, support the view that labor market is in a sweet spot. Meanwhile, last week’s January inflation data have a similar feel to that of January 2024, albeit to a smaller degree; they surprised on the high side and raised concerns that the progress we made in pushing inflation toward our 2 percent goal would stall out. But once we got past the first quarter of last year, we did see continued progress in reducing inflation in the latter part of the year. The question now is if we will see progress again later this year, as we did in 2024.
    Progress on inflation is an important consideration in policymakers’ judgment about whether monetary policy needs adjustment in the near term. The continued solid labor market is one reason why I supported the Federal Open Market Committee’s (FOMC) decision at the end of January to hold our policy rate steady. After two good inflation reports for November and December there was concern about a January bounce back in inflation. So based on good labor market data and concerns about a seasonal shock to inflation not fully adjusted in the data, I felt it was prudent to stand pat at our January meeting. Given last week’s inflation report, that concern was warranted.
    Let me pause here for a moment to address some commentary after the FOMC meeting that cited uncertainty about the new Administration’s policies as a leading reason for that decision. We must keep in mind that there is always a degree of uncertainty about economic policy, and we need to act based on incoming data even when facing great uncertainty about the economic landscape. We have done this in the past and will continue to do so in the future.
    Let me provide two recent examples where the FOMC acted in the face of great uncertainty. In March 2022, inflation was roaring, and rate hikes were on the table. Then Russia invaded Ukraine, which created tremendous economic uncertainty around the globe. Not only did the FOMC raise the policy rate in March 2022 for the first time since 2019, but in subsequent meetings we also implemented large rate hikes for several meetings. We could not wait for uncertainty about the war to be resolved.
    The second episode was in March of 2023 when stresses emerged in the U.S. banking system, stemming in part from the failures of Silicon Valley Bank and Credit Suisse, with the latter occurring the weekend before our March FOMC meeting. There was great uncertainty as to whether these events would lead to financial instability and a significant contraction of credit that could trigger a recession. Many forecasters projected a recession would hit in the second half of 2023 as a result. Consequently, there were calls to stop hiking the policy rate due to a tremendous amount of financial and banking uncertainty. But the Federal Reserve worked in concert with other government agencies and used its financial stabilization tools to deal with the banking issues and continued raising the policy rate to deal with inflation.2 So the moral of this story is that monetary policy cannot be put on hold waiting for these types of uncertainty to resolve.
    Putting uncertainty aside, let me turn to my view of the economic data. As I noted, real GDP continued to grow solidly in the fourth quarter, at a pace of 2.3 percent, and would have been nearly 1 percentage point stronger without a reduction in inventories, which tend to be volatile. Personal consumption expenditures (PCE), which are typically two-thirds of GDP, grew a robust 4.2 percent in the fourth quarter. As was noted in the Fed’s latest Monetary Policy Report to Congress, households have a solid level of liquid assets to sustain their spending. Based on the limited data we have for the first quarter of 2025 this solid growth seems to be continuing. The employment report for January, which I will focus on in a moment, indicated a continued strong labor market, which should support consumption. Retail sales are reported to have fallen back in January after a strong rise in December, but given how volatile these data can be, and given that the cold weather in January probably held down sales, I’m not putting much weight on that reading for the time being. Business sentiment, as reflected in surveys of purchasing managers in both manufacturing and non-manufacturing, was among the most consistently positive in a while. The index for manufacturing businesses was 50.9, the first time since October 2022 that these results topped 50, as sentiment indicators about orders, production, and employment were all expanding. The corresponding index for the large majority of businesses outside manufacturing also indicated expansion, as it has for some time. The Blue Chip consensus of private forecasters and the Atlanta Fed’s GDP Now forecast based on the data in hand predict growth this quarter similar to that of the end of last year. To circle back to my message earlier, many people predicted that tariffs proposed by the Administration on February 1 would have a significant effect on trade and consumption in the first quarter, not to mention prices, but after the postponement of some of those tariffs, it is unclear to me if and when that might show up in the data. I will, of course, be watching closely, but I haven’t altered my outlook based on what has been implemented to date.
    As I noted earlier, data on the labor market indicate that it is in a good spot, with employers having an easier time filling jobs than earlier in the expansion but with still ample demand for new workers and new jobs being created. The unemployment rate ticked down to 4 percent, which is just about where it has been for the past year. Employers added a net 143,000 jobs in January, down some from a 204,000 average for the final three months of 2024 but right around the 133,000 average for the quarter before that. Two factors that may have held down this number a bit were cold weather and the fires in Los Angeles, which prevented thousands of people from getting to or performing their jobs. Beyond payrolls, the ratio of job vacancies to the number of unemployed people stands at 1.1, close to the level before the pandemic.
    Wage growth continues to be strong, and it has considerably outpaced price increases, but is down from two years ago, and for a few reasons, I don’t judge recent data as indicating that wages are a factor preventing inflation from making continued progress toward 2 percent. Though the January reading of average hourly earnings was a bit elevated, this series is pretty volatile and the reading may have been held up by weather-related issues. Smoothing through the monthly fluctuations, we see wage growth fairly steady at 4 percent a month over the past year. Broader measures of worker compensation show a more distinct moderation in growth. The Labor Department’s employment cost index has fallen gradually but consistently from 4.2 percent at the end of 2023 to 3.8 percent at its last reading.
    As for whether 4 percent wage growth is consistent with 2 percent inflation, I will note, as I have before, that productivity has grown at roughly a 2 percent annual rate since the advent of the pandemic—and slightly faster than that in 2023 and 2024. Unless that productivity trend changes a lot, wage growth is consistent with bringing inflation down to 2 percent.
    Turning to inflation, last week’s data taken as a whole were mildly disappointing but not nearly so disappointing as a focus on the consumer price index (CPI) alone would have indicated. Total CPI inflation for January came in hot at 0.5 percent, and core was 0.4 percent, which brings the 12-month changes to 3.0 percent and 3.3 percent, respectively. These 12-month readings are lower than we had in January 2024, so we have made some progress over the past year, but they are still too high.
    However, we also received producer price data last week, and, combining that information with the CPI data, forecasts for January PCE inflation aren’t as alarming as the CPI inflation data. Estimates for total PCE inflation, the FOMC’s preferred measure, are about 0.3 percent and that for core PCE inflation was around 0.25 percent. These numbers will mean a bump-up in the monthly pace of core inflation of about one-tenth of 1 percentage point from readings of under 0.2 percent in November and December. And this would leave the 12-month and 6-month average core PCE inflation around 2.6 percent and 2.4 percent, respectively. These rates are lower than where they stood in January 2024, which is good, but progress has been slower than I expected on reducing inflation to our 2 percent target.
    As a policymaker, I rely on these data to help me judge how close we are to meeting our inflation target. And I’m thinking hard about how to interpret these recent numbers because there seems to be some pattern over the past few years of higher inflation readings at the start of the year. This pattern brings into question whether the inflation data have “residual seasonality,” which means that statisticians have not fully corrected for some apparent seasonal fluctuations in some prices. Many firms reset their prices at the beginning of each year, and the Commerce Department tries to factor this in, but even after this adjustment, there is a consensus among economists that some seasonality remains. Incidentally, this probably isn’t just a problem in January. Some recently updated research by the Fed staff shows that inflation in the first months of the year has been higher than in the second half for 16 of the last 22 years.3 I’m alert to this issue and will watch the data over the next few months to evaluate if we are having what looks like a repeat of high first quarter inflation data that could be followed by lower readings later in the year.
    Before I get to my outlook for monetary policy, I want to address a topic of some debate recently, which is the divergence between long-term interest rates and the FOMC’s policy rate since we started cutting rates in September. While the FOMC has reduced the policy rate 100 basis points since then, yields on the benchmark 10-year Treasury security have increased by a noticeable amount. In theory, longer-term rates should follow the expected path of the overnight policy rate set by the FOMC. But this relationship is based on the classic economic assumption of ceteris paribus, or “all other factors remaining constant.” The 10-year Treasury security trades in a deep, liquid global market, and its yield is affected by a variety of factors other than the path of the policy rate. This means that all other factors are not constant and that the 10-year Treasury yield may not follow the federal funds rate.
    Perhaps the most famous example of the divergence of market interest rates and policy rates began in the mid 2000’s. The FOMC was tightening monetary policy from 2004 to 2006 and raised the policy rate 425 basis points. Over that time, Treasury yields barely moved. This was so surprising that Fed Chairman Alan Greenspan referred to it as a “conundrum.” At about the same time, future Chair Ben Bernanke identified what he called a “global savings glut” that was pushing up foreign demand for Treasury securities and putting downward pressure on yields. Over time, this has come to be seen as a significant factor for the conundrum then and as a factor for low Treasury yields subsequently. This example is just to illustrate that the 10-year Treasury yield may not respond to the policy rate as expected because of a variety of factors that are beyond the control of the FOMC.
    So, what does my economic outlook mean for monetary policy? The labor market is balanced and remarkably resilient. If you want an example of a stable labor market with employment at its maximum level, it looks a lot like where we are right now. On the other side of the FOMC’s mandate, inflation is still meaningfully above our target, and progress has been excruciatingly slow over the last year. This tells me that we should currently have a restrictive setting of policy, as we do—to continue to move inflation down to our goal—but that setting should be getting closer to neutral as inflation moves closer to 2 percent and should allow the labor market to remain in a good place.
    So for now, I believe a pause in rate cuts is appropriate. Assuming the labor market continues to be in rough balance, I can wait and see if the higher inflation readings in January moderate, as they have in the past couple of years. If so, I’ll have to decide if this reflects residual seasonality that will go away later in the year and if the underlying trend in inflation is toward 2 percent, or if there is a different issue holding up inflation and how that may play out. Whichever case it may be, the data are not supporting a reduction in the policy rate at this time. But if 2025 plays out like 2024, rate cuts would be appropriate at some point this year.
    And while we are waiting on data to understand how the economy is moving relative to our objectives, we will learn more about Administration policies. My baseline view is that any imposition of tariffs will only modestly increase prices and in a non-persistent manner. So I favor looking through these effects when setting monetary policy to the best of our ability. Of course, I concede that the effects of tariffs could be larger than I anticipate, depending on how large they are and how they are implemented. But we also need to remember that it is possible that other policies under discussion could have positive supply effects and put downward pressure on inflation. At the end of the day, the data should be guiding our policy action—not speculation about what could happen. And if the incoming data supports further rate cuts or staying on pause, then we should do so regardless of how much clarity we have on what policies the Administration adopts. Waiting for economic uncertainty to dissipate is a recipe for policy paralysis.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. See my March 2022 speech for a discussion of how the Federal Reserve oversees financial stability and macroeconomic stability using different tools. Speech by Governor Waller on the economic outlook – Federal Reserve Board. Return to text
    3. For a fuller discussion of residual seasonality in inflation data, see Ekaterina Peneva and Nadia Sadée (2019), “Residual Seasonality in Core Consumer Price Inflation: An Update,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, February 12). Return to text

    MIL OSI USA News –

    February 18, 2025
  • MIL-OSI Video: European Commission President Ursula von der LEYEN receives Gen. Keith KELLOGG

    Source: European Commission (video statements)

    President von der Leyen receives Gen. Keith Kellogg, US Special Presidential Envoy for Ukraine and Russia

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Visit our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=2Bfi4p-tUqg

    MIL OSI Video –

    February 18, 2025
  • MIL-OSI: Transocean Ltd. Reports Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

     

      Three months ended         Three months ended      
      December 31,    September 30,      sequential   December 31,       year-over-year
      2024   2024   change   2023   change
    (In millions, except per share amounts, percentages and backlog)                            
    Contract drilling revenues $ 952     $ 948     $ 4     $ 741     $ 211  
    Adjusted contract drilling revenues $ 952     $ 948     $ 4     $ 748     $ 204  
    Revenue efficiency (1)   93.5 %     94.5 %           97.0 %      
    Operating and maintenance expense $ 579     $ 563     $ (16 )   $ 569     $ (10 )
    Net income (loss) attributable to controlling interest $ 7     $ (494 )   $ 501     $ (104 )   $ 111  
    Basic earnings (loss) per share $ 0.01     $ (0.56 )   $ 0.57     $ (0.13 )   $ 0.14  
    Diluted loss per share $ (0.11 )   $ (0.58 )   $ 0.47     $ (0.13 )   $ 0.02  
                                 
    Adjusted EBITDA $ 323     $ 342     $ (19 )   $ 122     $ 201  
    Adjusted EBITDA margin   33.9 %     36.0 %           16.3 %      
    Adjusted net income (loss) $ 27     $ 64     $ (37 )   $ (74 )   $ 101  
    Adjusted diluted earnings (loss) per share $ (0.09 )   $ —     $ (0.09 )   $ (0.09 )   $ —  
                                 
                                 
    Backlog as of the February 2025 Fleet Status Report $ 8.3 billion                      
                                 

    STEINHAUSEN, Switzerland, Feb. 17, 2025 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) today reported net income attributable to controlling interest of $7 million, or loss of $0.11 per diluted share, for the three months ended December 31, 2024.

    Fourth quarter results included $20 million, $0.02 per diluted share, discrete tax items, net. After consideration of these unfavorable items, fourth quarter 2024 adjusted net income was $27 million, or loss of $0.09 per diluted share.

    Contract drilling revenues for the three months ended December 31, 2024, increased sequentially by $4 million to $952 million, primarily due to increased utilization for one rig that returned to work after undergoing a special periodic survey in the third quarter and higher reimbursement revenues, partially offset by lower revenue efficiency across the fleet.

    Operating and maintenance expense was $579 million, compared with $563 million in the prior quarter. The sequential increase was the result of higher in-service maintenance costs across our fleet, partially offset by a settlement with insurance carriers.

    General and administrative expense was $56 million, up from $47 million in the third quarter due primarily to increased legal and professional fees.

    Interest expense net of capitalized amounts was $152 million, compared to $154 million in the prior quarter, excluding the favorable adjustment of $61 million and $74 million in the fourth and third quarter, respectively, for the fair value of the bifurcated exchange feature related to the 4.625% exchangeable bonds. Interest income was $10 million, compared to $11 million in the prior quarter.

    The Effective Tax Rate(2) was 89.0%, up from 6.0% in the prior quarter. The increase was primarily due to higher income and increases in valuation allowance. The Effective Tax Rate excluding discrete items was 56.7% compared to 22.5% in the previous quarter.

    Cash provided by operating activities was $206 million during the fourth quarter of 2024, representing an increase of $12 million compared to the prior quarter. The sequential increase was primarily due to timing of interest payments and decreased payments for accounts payable, partially offset by reduced collections from customers.

    Fourth quarter 2024 capital expenditures of $29 million, compared to $58 million in the prior quarter, were related to capital upgrades for certain rigs in our fleet.

    “In 2024, we continued to advance our position as the technological leader in offshore drilling by, among other things, executing the first two 20K subsea completions in the history of the industry,” said Chief Executive Officer Jeremy Thigpen. “We also introduced and implemented other technologies that enhance our operational performances and further differentiate our fleet. This commitment to innovation, along with our reputation for delivering safe, reliable, and efficient operations, is clearly recognized by our customers, as demonstrated by the $2.4 billion in backlog we secured during the year.”

    Thigpen continued, “With industry-leading contract coverage well into 2026, our primary objective will be strong operational execution and an intense focus on cost control to ensure we maximize the conversion of our backlog to cash, enabling us to continue de-leveraging our balance sheet.”

    Full Year 2024

    For the year ended December 31, 2024, net loss attributable to controlling interest totaled $512 million, $0.76 per diluted share. Full year results included $458 million, $0.50 per diluted share, net unfavorable items as follows:

    • $755 million, $0.82 per diluted share, loss on impairment of assets; and
    • $5 million, $0.01 per diluted share, loss on impairment of our investments in unconsolidated affiliates; partially offset by,
    • $161 million, $0.18 per diluted share, gain on retirement of debt; and
    • $141 million, $0.15 per diluted share, related to discrete tax items, net.

    After consideration of these net unfavorable items, adjusted net loss for 2024 was $54 million, $0.26 per diluted share.

    Non-GAAP Financial Measures

    We present our operating results in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). We believe certain financial measures, such as Adjusted Contract Drilling Revenues, EBITDA, Adjusted EBITDA and Adjusted Net Income, which are non-GAAP measures, provide users of our financial statements with supplemental information that may be useful in evaluating our operating performance. We believe that such non-GAAP measures, when read in conjunction with our operating results presented under U.S. GAAP, can be used to better assess our performance from period to period and relative to performance of other companies in our industry, without regard to financing methods, historical cost basis or capital structure. Such non-GAAP measures should be considered as a supplement to, and not as a substitute for, financial measures prepared in accordance with U.S. GAAP.

    All non-GAAP measure reconciliations to the most comparative U.S. GAAP measures are displayed in quantitative schedules on the company’s website at: www.deepwater.com.

    About Transocean

    Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and operates the highest specification floating offshore drilling fleet in the world.

    Transocean owns or has partial ownership interests in and operates a fleet of 34 mobile offshore drilling units, consisting of 26 ultra-deepwater floaters and eight harsh environment floaters.

    For more information about Transocean, please visit: www.deepwater.com.

    Conference Call Information

    Transocean will conduct a teleconference starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 18, 2025, to discuss the results. To participate, dial +1 785-424-1116 and refer to conference code 540196 approximately 15 minutes prior to the scheduled start time.

    The teleconference will be simulcast in a listen-only mode at: www.deepwater.com, by selecting Investors, News, and Webcasts. Supplemental materials that may be referenced during the teleconference will be available at: www.deepwater.com, by selecting Investors, Financial Reports.

    A replay of the conference call will be available after 12 p.m. EST, 6 p.m. CET, on Tuesday, February 18, 2025. The replay, which will be archived for approximately 30 days, can be accessed at +1 402-220-1152, passcode 540196. The replay will also be available on the company’s website.

    Forward-Looking Statements

    The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements could contain words such as “possible,” “intend,” “will,” “if,” “expect,” or other similar expressions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out-of-service time, sales of drilling units, timing of the company’s newbuild deliveries, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the fluctuation of current and future prices of oil and gas, the global and regional supply and demand for oil and gas, the intention to scrap certain drilling rigs, the success of our business following prior acquisitions, the effects of the spread of and mitigation efforts by governments, businesses and individuals related to contagious illnesses, and other factors, including those and other risks discussed in the company’s most recent Annual Report on Form 10-K for the year ended December 31, 2023, and in the company’s other filings with the SEC, which are available free of charge on the SEC’s website at: www.sec.gov. Should one or more of these risks or uncertainties materialize (or the other consequences of such a development worsen), or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or expressed or implied by such forward-looking statements. All subsequent written and oral forward-looking statements attributable to the company or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

    This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”) or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean.

    Notes

    (1) Revenue efficiency is defined as actual operating revenues, excluding revenues for contract terminations and reimbursements, for the measurement period divided by the maximum revenue calculated for the measurement period, expressed as a percentage. Maximum revenue is defined as the greatest amount of contract drilling revenues the drilling unit could earn for the measurement period, excluding revenues for incentive provisions, reimbursements and contract terminations. See the accompanying schedule entitled “Revenue Efficiency.”
    (2) Effective Tax Rate is defined as income tax expense or benefit divided by income or loss before income taxes. See the accompanying schedule entitled “Supplemental Effective Tax Rate Analysis.”
       

    Analyst Contact:
    Alison Johnson
    +1 713-232-7214

    Media Contact:
    Pam Easton
    +1 713-232-7647

    TRANSOCEAN LTD. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (In millions, except per share data)
    (Unaudited)
                     
      Years ended December 31, 
      2024        2023        2022  
                     
    Contract drilling revenues $ 3,524     $ 2,832     $ 2,575  
                     
    Costs and expenses                
    Operating and maintenance   2,199       1,986       1,679  
    Depreciation and amortization   739       744       735  
    General and administrative   214       187       182  
        3,152       2,917       2,596  
                     
    Loss on impairment of assets   (772 )     (57 )     —  
    Loss on disposal of assets, net   (17 )     (183 )     (10 )
    Operating loss   (417 )     (325 )     (31 )
                     
    Other income (expense), net                
    Interest income   50       52       27  
    Interest expense, net of amounts capitalized   (362 )     (646 )     (561 )
    Gain (loss) on retirement of debt   161       (31 )     8  
    Other, net   45       9       (5 )
        (106 )     (616 )     (531 )
    Loss before income tax expense (benefit)   (523 )     (941 )     (562 )
    Income tax expense (benefit)   (11 )     13       59  
                     
    Net loss   (512 )     (954 )     (621 )
    Net income attributable to noncontrolling interest   —       —       —  
    Net loss attributable to controlling interest $ (512 )   $ (954 )   $ (621 )
                     
    Loss per share                
    Basic $ (0.60 )   $ (1.24 )   $ (0.89 )
    Diluted $ (0.76 )   $ (1.24 )   $ (0.89 )
                     
    Weighted-average shares outstanding                
    Basic   850       768       699  
    Diluted   925       768       699  
                           
    TRANSOCEAN LTD. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In millions, except share data)
    (Unaudited)
               
      December 31, 
      2024        2023  
    Assets          
    Cash and cash equivalents $ 560     $ 762  
    Accounts receivable, net   564       512  
    Materials and supplies, net   439       426  
    Assets held for sale   343       49  
    Restricted cash and cash equivalents   381       233  
    Other current assets   165       144  
    Total current assets   2,452       2,126  
               
    Property and equipment   22,417       23,875  
    Less accumulated depreciation   (6,586 )     (6,934 )
    Property and equipment, net   15,831       16,941  
    Contract intangible assets   —       4  
    Deferred tax assets, net   45       44  
    Other assets   1,043       1,139  
    Total assets $ 19,371     $ 20,254  
               
    Liabilities and equity          
    Accounts payable $ 255     $ 323  
    Accrued income taxes   31       23  
    Debt due within one year   686       370  
    Other current liabilities   691       681  
    Total current liabilities   1,663       1,397  
               
    Long-term debt   6,195       7,043  
    Deferred tax liabilities, net   499       540  
    Other long-term liabilities   729       858  
    Total long-term liabilities   7,423       8,441  
               
    Commitments and contingencies          
               
    Shares, $0.10 par value, 1,057,879,029 authorized, 141,262,093 conditionally authorized, 940,828,901 issued          
    and 875,830,772 outstanding at December 31, 2024, and CHF 0.10 par value, 1,021,294,549 authorized,          
    142,362,093 conditionally authorized, 843,715,858 issued and 809,030,846 outstanding at December 31, 2023   87       81  
    Additional paid-in capital   14,880       14,544  
    Accumulated deficit   (4,545 )     (4,033 )
    Accumulated other comprehensive loss   (138 )     (177 )
    Total controlling interest shareholders’ equity   10,284       10,415  
    Noncontrolling interest   1       1  
    Total equity   10,285       10,416  
    Total liabilities and equity $ 19,371     $ 20,254  
    TRANSOCEAN LTD. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In millions)
    (Unaudited)
                     
      Years ended December 31, 
      2024        2023        2022  
                     
    Cash flows from operating activities                
    Net loss $ (512 )   $ (954 )   $ (621 )
    Adjustments to reconcile to net cash provided by operating activities:                
    Amortization of contract intangible asset   4       52       117  
    Depreciation and amortization   739       744       735  
    Share-based compensation expense   47       40       29  
    Loss on impairment of assets   772       57       —  
    Loss on disposal of assets, net   17       183       10  
    Amortization of debt-related balances, net   53       51       33  
    (Gain) loss on adjustment to bifurcated compound exchange feature   (214 )     127       157  
    (Gain) loss on retirement of debt   (161 )     31       (8 )
    Loss on impairment of investment in unconsolidated affiliates   5       5       —  
    Deferred income tax expense   (42 )     18       46  
    Other, net   (7 )     43       44  
    Changes in deferred revenues, net   45       70       (20 )
    Changes in deferred costs, net   (2 )     (190 )     1  
    Changes in other operating assets and liabilities, net   (297 )     (113 )     (75 )
    Net cash provided by operating activities   447       164       448  
                     
    Cash flows from investing activities                
    Capital expenditures   (254 )     (427 )     (717 )
    Investment in loans to unconsolidated affiliates   (3 )     (3 )     (5 )
    Investment in equity of unconsolidated affiliates   —       (10 )     (42 )
    Proceeds from disposal of assets, net of costs to sell   101       10       7  
    Cash acquired in acquisition of unconsolidated affiliates   5       7       —  
    Net cash used in investing activities   (151 )     (423 )     (757 )
                     
    Cash flows from financing activities                
    Repayments of debt   (2,103 )     (1,717 )     (554 )
    Proceeds from issuance of debt, net of issue costs   1,770       1,983       175  
    Proceeds from issuance of shares, net of issue costs   —       —       263  
    Proceeds from issuance of warrants, net of issue costs   —       —       12  
    Other, net   (17 )     (3 )     (8 )
    Net cash provided by (used in) financing activities   (350 )     263       (112 )
                     
    Net increase (decrease) in unrestricted and restricted cash and cash equivalents   (54 )     4       (421 )
    Unrestricted and restricted cash and cash equivalents, beginning of period   995       991       1,412  
    Unrestricted and restricted cash and cash equivalents, end of period $ 941     $ 995     $ 991  
                                     
    TRANSOCEAN LTD. AND SUBSIDIARIES
    FLEET OPERATING STATISTICS
     
      Three months ended     Years ended  
      December 31,    September 30,   December 31,      December 31,    December 31,   
    Contract Drilling Revenues (in millions) 2024    2024    2023      2024    2023   
    Ultra-deepwater floaters $ 675   $ 668   $ 536     $ 2,518   $ 2,072  
    Harsh environment floaters   277     280     205       1,006     760  
    Total contract drilling revenues $ 952   $ 948   $ 741     $ 3,524   $ 2,832  
      Three months ended     Years ended  
      December 31,    September 30,   December 31,      December 31,    December 31,   
    Average Daily Revenue (1) 2024    2024    2023      2024    2023   
    Ultra-deepwater floaters $ 428,200   $ 426,700   $ 432,100     $ 428,000   $ 393,700  
    Harsh environment floaters   452,600     464,900     354,700       435,900     354,300  
    Total fleet average daily revenue $ 434,700   $ 436,800   $ 407,800     $ 430,100   $ 382,300  
      Three months ended     Years ended
      December 31,    September 30,   December 31,      December 31,    December 31, 
    Revenue Efficiency (2) 2024   2024   2023     2024    2023
    Ultra-deepwater floaters 92.0 %   92.5 %   96.8 %     93.4 %   96.5 %
    Harsh environment floaters 97.6 %   100.1 %   97.6 %     97.5 %   97.8 %
    Total fleet average revenue efficiency 93.5 %   94.5 %   97.0 %     94.5 %   96.8 %
      Three months ended     Years ended
      December 31,     September 30,    December 31,      December 31,     December 31, 
    Utilization (3) 2024   2024   2023     2024   2023
    Ultra-deepwater floaters 64.3 %   60.7 %   46.8 %     57.3 %   49.4 %
    Harsh environment floaters 75.0 %   75.0 %   66.7 %     71.1 %   59.1 %
    Total fleet average rig utilization 66.8 %   63.9 %   51.6 %     60.5 %   51.9 %
                                   
    (1) Average daily revenue is defined as operating revenues, excluding revenues for contract terminations, reimbursements and contract intangible amortization, earned per operating day. An operating day is defined as a day for which a rig is contracted to earn a dayrate during the firm contract period after operations commence.
                                   
    (2) Revenue efficiency is defined as actual operating revenues, excluding revenues for contract terminations and reimbursements, for the measurement period divided by the maximum revenue calculated for the measurement period, expressed as a percentage. Maximum revenue is defined as the greatest amount of contract drilling revenues the drilling unit could earn for the measurement period, excluding revenues for incentive provisions, reimbursements and contract terminations.
                                   
    (3) Rig utilization is defined as the total number of operating days divided by the total number of rig calendar days in the measurement period, expressed as a percentage.
     
                                             
    TRANSOCEAN LTD. AND SUBSIDIARIES
    NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
    ADJUSTED NET INCOME (LOSS) AND ADJUSTED DILUTED EARNINGS (LOSS) PER SHARE
    (in millions, except per share data)
                                             
      YTD   QTD   YTD   QTD   YTD   QTD   YTD
      12/31/24   12/31/24   09/30/24   09/30/24   06/30/24   06/30/24    03/31/24
    Adjusted Net Income (Loss)                                        
    Net income (loss) attributable to controlling interest, as reported $ (512 )   $ 7     $ (519 )   $ (494 )   $ (25 )   $ (123 )   $ 98  
    Loss on impairment of assets, net of tax   755       —       755       617       138       138       —  
    Loss on impairment of investment in unconsolidated affiliates   5       —       5       —       5       4       1  
    Gain on retirement of debt   (161 )     —       (161 )     (21 )     (140 )     (140 )     —  
    Discrete tax items   (141 )     20       (161 )     (38 )     (123 )     (2 )     (121 )
    Net income (loss), as adjusted $ (54 )   $ 27     $ (81 )   $ 64     $ (145 )   $ (123 )   $ (22 )
                                             
    Adjusted Diluted Earnings (Loss) Per Share:                                        
    Diluted earnings (loss) per share, as reported $ (0.76 )   $ (0.11 )   $ (0.65 )   $ (0.58 )   $ (0.03 )   $ (0.15 )   $ 0.11  
    Loss on impairment of assets, net of tax   0.82       —       0.82       0.64       0.17       0.17       —  
    Loss on impairment of investment in unconsolidated affiliates   0.01       —       0.01       —       —       —       —  
    Gain on retirement of debt   (0.18 )     —       (0.18 )     (0.02 )     (0.17 )     (0.17 )     —  
    Discrete tax items   (0.15 )     0.02       (0.18 )     (0.04 )     (0.15 )     —       (0.14 )
    Diluted earnings (loss) per share, as adjusted $ (0.26 )   $ (0.09 )   $ (0.18 )   $ —     $ (0.18 )   $ (0.15 )   $ (0.03 )
                                             
      YTD   QTD   YTD   QTD   YTD   QTD   YTD
      12/31/23     12/31/23    09/30/23     09/30/23    06/30/23    06/30/23    03/31/23
    Adjusted Net Loss                                        
    Net loss attributable to controlling interest, as reported $ (954 )   $ (104 )   $ (850 )   $ (220 )   $ (630 )   $ (165 )   $ (465 )
    Loss on impairment of assets   57       (1 )     58       5       53       53       —  
    Loss on disposal of assets, net   169       —       169       —       169       —       169  
    Loss on impairment of investment in unconsolidated affiliate   5       5       —       —       —       —       —  
    Loss on conversion of debt to equity   27       24       3       —       3       3       —  
    (Gain) loss on retirement of debt   31       (1 )     32       —       32       —       32  
    Discrete tax items   (74 )     3       (77 )     (65 )     (12 )     (1 )     (11 )
    Net loss, as adjusted $ (739 )   $ (74 )   $ (665 )   $ (280 )   $ (385 )   $ (110 )   $ (275 )
                                             
    Adjusted Diluted Loss Per Share:                                        
    Diluted loss per share, as reported $ (1.24 )   $ (0.13 )   $ (1.13 )   $ (0.28 )   $ (0.85 )   $ (0.22 )   $ (0.64 )
    Loss on impairment of assets   0.07       —       0.08       0.01       0.07       0.07       —  
    Loss on disposal of assets, net   0.22       —       0.23       —       0.23       —       0.23  
    Loss on impairment of investment in unconsolidated affiliate   0.01       0.01       —       —       —       —       —  
    Loss on conversion of debt to equity   0.04       0.03       —       —       —       —       —  
    (Gain) loss on retirement of debt   0.04       —       0.04       —       0.04       —       0.04  
    Discrete tax items   (0.10 )     —       (0.10 )     (0.09 )     (0.01 )     —       (0.01 )
    Diluted loss per share, as adjusted $ (0.96 )   $ (0.09 )   $ (0.88 )   $ (0.36 )   $ (0.52 )   $ (0.15 )   $ (0.38 )
                                               
    TRANSOCEAN LTD. AND SUBSIDIARIES
    NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
    ADJUSTED CONTRACT DRILLING REVENUES
    EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION AND RELATED MARGINS
    (in millions, except percentages)
                                               
                                               
        YTD   QTD   YTD   QTD   YTD   QTD   YTD
         12/31/24   12/31/24   09/30/24   09/30/24   06/30/24   06/30/24   03/31/24
                                               
    Contract drilling revenues   $ 3,524     $ 952   $ 2,572     $ 948     $ 1,624     $ 861     $ 763  
    Contract intangible asset amortization     4       —     4       —       4       —       4  
    Adjusted Contract Drilling Revenues   $ 3,528     $ 952   $ 2,576     $ 948     $ 1,628     $ 861     $ 767  
                                               
    Net income (loss)   $ (512 )   $ 7   $ (519 )   $ (494 )   $ (25 )   $ (123 )   $ 98  
    Interest expense, net of interest income     312       81     231       69       162       60       102  
    Income tax expense (benefit)     (11 )     55     (66 )     (31 )     (35 )     156       (191 )
    Depreciation and amortization     739       180     559       190       369       184       185  
    Contract intangible asset amortization     4       —     4       —       4       —       4  
    EBITDA     532       323     209       (266 )     475       277       198  
                                               
    Loss on impairment of assets     772       —     772       629       143       143       —  
    Loss on impairment of investment in unconsolidated affiliates     5       —     5       —       5       4       1  
    Gain on retirement of debt     (161 )     —     (161 )     (21 )     (140 )     (140 )     —  
    Adjusted EBITDA   $ 1,148     $ 323   $ 825     $ 342     $ 483     $ 284     $ 199  
                                               
                                               
    Profit (loss) margin     (14.5 ) %   0.7 %   (20.2 ) %   (52.0 ) %   (1.5 ) %   (14.3 ) %   12.9 %
    EBITDA margin     15.1   %   33.9 %   8.1   %   (28.1 ) %   29.2   %   32.2   %   25.8 %
    Adjusted EBITDA margin     32.5   %   33.9 %   32.0   %   36.0   %   29.7   %   33.0   %   26.0 %
                                             
      YTD   QTD   YTD   QTD   YTD   QTD   YTD
      12/31/23   12/31/23   09/30/23   09/30/23   06/30/23   06/30/23   03/31/23
                                             
    Contract drilling revenues $ 2,832     $ 741     $ 2,091     $ 713     $ 1,378     $ 729     $ 649  
    Contract intangible asset amortization   52       7       45       8       37       19       18  
    Adjusted Contract Drilling Revenues $ 2,884     $ 748     $ 2,136     $ 721     $ 1,415     $ 748     $ 667  
                                             
    Net loss $ (954 )   $ (104 )   $ (850 )   $ (220 )   $ (630 )   $ (165 )   $ (465 )
    Interest expense, net of interest income   594       (13 )     607       220       387       157       230  
    Income tax expense (benefit)   13       21       (8 )     (43 )     35       (16 )     51  
    Depreciation and amortization   744       184       560       192       368       186       182  
    Contract intangible asset amortization   52       7       45       8       37       19       18  
    EBITDA   449       95       354       157       197       181       16  
                                             
    Loss on impairment of assets   57       (1 )     58       5       53       53       —  
    Loss on disposal of assets, net   169       —       169       —       169       —       169  
    Loss on impairment of investment in unconsolidated affiliate   5       5       —       —       —       —       —  
    Loss on conversion of debt to equity   27       24       3       —       3       3       —  
    (Gain) loss on retirement of debt   31       (1 )     32       —       32       —       32  
    Adjusted EBITDA $ 738     $ 122     $ 616     $ 162     $ 454     $ 237     $ 217  
                                             
                                             
    Loss margin   (33.7 ) %   (14.0 ) %   (40.7 ) %   (30.9 ) %   (45.7 ) %   (22.6 ) %   (71.6 )%
    EBITDA margin   15.6   %   12.7   %   16.6   %   21.8   %   13.9   %   24.2   %   2.4 %
    Adjusted EBITDA margin   25.6   %   16.3   %   28.9   %   22.5   %   32.1   %   31.7   %   32.5 %
                                             
    TRANSOCEAN LTD. AND SUBSIDIARIES
    SUPPLEMENTAL EFFECTIVE TAX RATE ANALYSIS
    (in millions, except tax rates)
                                 
      Three months ended   Years ended
      December 31,       September 30,      December 31,    December 31,    December 31, 
      2024        2024        2023     2024     2023  
                                 
    Income (loss) before income taxes $ 62     $ (525 )   $ (83 )   $ (523 )   $ (941 )
    Loss on impairment of assets   —       629       (1 )     772       57  
    Loss on disposal of assets, net   —       —       —       —       169  
    Loss on impairment of investment in unconsolidated affiliates   —       —       5       5       5  
    Loss on conversion of debt to equity   —       —       24       —       27  
    (Gain) loss on retirement of debt   —       (21 )     (1 )     (161 )     31  
    Adjusted income (loss) before income taxes $ 62     $ 83     $ (56 )   $ 93     $ (652 )
                                 
                                 
    Income tax expense (benefit) $ 55     $ (31 )   $ 21     $ (11 )   $ 13  
    Loss on impairment of assets   —       12       —       17       —  
    Loss on disposal of assets, net   —       —       —       —       —  
    Loss on impairment of investment in unconsolidated affiliates   —       —       —       —       —  
    Loss on conversion of debt to equity   —       —       —       —       —  
    (Gain) loss on retirement of debt   —       —       —       —       —  
    Changes in estimates (1)   (20 )     38       (3 )     141       74  
    Adjusted income tax expense (benefit) $ 35     $ 19     $ 18     $ 147     $ 87  
                                 
    Effective Tax Rate (2)   89.0 %      6.0 %      (25.0 )%      2.2 %      (1.4 )%
                                 
    Effective Tax Rate, excluding discrete items (3)   56.7 %      22.5 %      (30.0 )%      159.1 %      (13.3 )%
                                 
                                 
    (1) Our estimates change as we file tax returns, settle disputes with tax authorities, or become aware of changes in laws, operational changes and rig movements that have an effect on our (a) deferred taxes, (b) valuation allowances on deferred taxes and (c) other tax liabilities.
                                 
    (2) Our effective tax rate is calculated as income tax expense or benefit divided by income or loss before income taxes.
                                 
    (3) Our effective tax rate, excluding discrete items, is calculated as income tax expense or benefit, excluding various discrete items (such as changes in estimates and tax on items excluded from income before income taxes), divided by income or loss before income taxes, excluding gains and losses on sales and similar items pursuant to the accounting standards for income taxes related to estimating the annual effective tax rate.
                                             
    TRANSOCEAN LTD. AND SUBSIDIARIES
    NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
    FREE CASH FLOW AND LEVERED FREE CASH FLOW
    (in millions)
                                             
      YTD   QTD   YTD   QTD   YTD   QTD   YTD
      12/31/24   12/31/24   09/30/24   09/30/24   06/30/24   06/30/24   03/31/24
                                             
    Cash provided by (used in) operating activities $ 447     $ 206     $ 241     $ 194     $ 47     $ 133     $ (86 )
    Capital expenditures   (254 )     (29 )     (225 )     (58 )     (167 )     (84 )     (83 )
    Free Cash Flow   193       177       16       136       (120 )     49       (169 )
    Debt repayments   (2,103 )     (30 )     (2,073 )     (258 )     (1,815 )     (1,664 )     (151 )
    Debt repayments, paid from debt proceeds   1,748       –       1,748       99       1,649       1,649       –  
    Levered Free Cash Flow $ (162 )   $ 147     $ (309 )   $ (23 )   $ (286 )   $ 34     $ (320 )
                                             
                                             
                                             
      YTD   QTD   YTD   QTD   YTD   QTD   YTD
      12/31/23   12/31/23   09/30/23   09/30/23   06/30/23   06/30/23   03/31/23
                                             
    Cash provided by (used in) operating activities $ 164     $ 98     $ 66     $ (44 )   $ 110     $ 157     $ (47 )
    Capital expenditures   (427 )     (220 )     (207 )     (50 )     (157 )     (76 )     (81 )
    Free Cash Flow   (263 )     (122 )     (141 )     (94 )     (47 )     81       (128 )
    Debt repayments   (1,717 )     (10 )     (1,707 )     (139 )     (1,568 )     (4 )     (1,564 )
    Debt repayments, paid from debt proceeds   1,156       –       1,156       –       1,156       –       1,156  
    Levered Free Cash Flow $ (824 )   $ (132 )   $ (692 )   $ (233 )   $ (459 )   $ 77     $ (536 )
                                             
                                             
                                             
      YTD   QTD   YTD   QTD   YTD   QTD   YTD
      12/31/22   12/31/22   09/30/22   09/30/22   06/30/22   06/30/22   03/31/22
                                             
    Cash provided by (used in) operating activities $ 448     $ 178     $ 270     $ 230     $ 40     $ 41     $ (1 )
    Capital expenditures   (717 )     (409 )     (308 )     (87 )     (221 )     (115 )     (106 )
    Free Cash Flow   (269 )     (231 )     (38 )     143       (181 )     (74 )     (107 )
    Debt repayments   (554 )     (101 )     (453 )     (196 )     (257 )     (92 )     (165 )
    Debt repayments, paid from debt proceeds   –       –       –       –       –       –       –  
    Levered Free Cash Flow $ (823 )   $ (332 )   $ (491 )   $ (53 )   $ (438 )   $ (166 )   $ (272 )

    The MIL Network –

    February 18, 2025
  • MIL-OSI New Zealand: Police respond to IPCA review of policing public protests

    Source: New Zealand Police (National News)

    Please attribute to Deputy Commissioner Tania Kura:

    Police acknowledges the release of a comprehensive report by the Independent Police Conduct Authority (IPCA) which looks at the policing of public protests in New Zealand and makes several significant recommendations.

    Police has worked closely with the IPCA on this review, which has arisen from complaints to the independent body following high profile protests over recent years.

    We have seen a significant change in the protest environment, aided by social media, in which these events are becoming more publicised, highly organised and, in some instances, utilising complex tactics.

    We are now often faced with these events involving protesters, counter protesters, and activists who are present for a variety of different causes.

    These changes are a global trend which is putting more pressure on police jurisdictions around the world.

    In the last two years, New Zealand Police has attended and monitored at least 140 protests across the country.

    Police is always focussed on ensuring the community has the right to protest but balancing this against upholding the law and ensuring the safety of those attending, as well as members of the public in the vicinity.

    The 2022 parliamentary protest, as well as recent rallies regarding the conflict between Israel and Palestine, highlight some of the complex issues Police is dealing with.

    Today’s report recommends several changes and Police accepts and agrees with these in principle.

    The most significant is the recommendation for a new stand-alone legislation which would put New Zealand in line with comparative jurisdictions such as Australia, the United Kingdom, and Canada.

    Any legislative reform would be led by the Minister of Justice.

    There are also recommendations regarding police policies, processes, and training in the public order policing area.

    Police is considering how best to respond to these, noting that our organisation has already undertaken a raft of changes following the parliamentary protests.

    Our progress and work in this area has been acknowledged by the IPCA in the report.

    We know our officers who work in Public Order Policing teams, as well as all officers who attend to support and police these events, do an incredible job at keeping people safe in what can be a challenging and highly emotional environment.

    We know we must continually improve and adapt to the changing environment in protests and so we look forward to seeing where this review leads us.

    There were three separate investigations into protests in Auckland which are outlined in this review, and we have responded to each of these as below.

    Investigation one:

    The IPCA investigated a high number of complaints regarding the Police response to the Let Women Speak rally held at Albert Park in March 2023.

    This event became volatile very quickly due to behaviour by counter protesters who surrounded the rotunda when the main speaker arrived.

    Police acknowledge the finding by the IPCA in relation to the protest, which says our initial risk assessment could have been better.

    We also accept that our response on the day when protestors surrounded the rotunda was inadequate.

    We do note that our staff were also dealing with a separate unrelated protest on the same day, not far from this location, alongside other operational demands which put significant pressure on officers at these time sensitive events.

    The criticism of the policing of this event was not due to the fault of any individual officer but rather learnings around undertaking a better risk assessment for any future protests, ensuring we have adequate resourcing for these unpredictable events.

    We have debriefed this matter and taken these lessons onboard.

    We also note that Police carried out an investigation following the event, and two counter-protesters were charged with assault.

    Investigation two:

    The second investigation referenced in the IPCA report relates to the arrest of a counter-protestor during a rally in support of Palestine in November 2023 at Aotea Square, Auckland.

    A man was holding an Israeli flag around 150 metres from where protesters were setting up a speaking area.

    Police told the man to leave and stay away from the event to prevent a potential breach of the peace. They told the man he would be arrested if he returned.

    The man left but returned without his flag, his face covered, and stood in Aotea Square while speeches took place.

    He was arrested and charged with intentionally obstructing a police officer acting in the execution of his duty.

    Police accept this arrest was unlawful and while the intent of the officers was to ensure the man’s safety, we accept they had no lawful basis to tell him to leave or to arrest him when he returned.

    We have spoken with the officers involved in this incident and have used this as a learning opportunity for them. 

    The charge of obstruction was withdrawn.

    Investigation three:

    During the same rally in Auckland’s CBD in November 2023, Police came across a different counter-protester who was holding a sign which they believed had the potential to incite violence.

    Police, concerned for the woman’s safety, asked her to move and put down her sign and when she failed to comply, they had to move her a short distance away and took her sign off her.

    When she continued to try and re-enter the protest they arrested her for a breach of the peace.

    The IPCA has found the use of force to move the woman away was unjustified and the arrest was unlawful.

    While Police acknowledge the IPCA’s view on this, we believe our officers were acting in the woman’s best interests to keep her safe due to their previous experience at pro-Palestine events which had turned violent very quickly.

    We do accept that she should have been given her sign back when she was released by Police. 

    The primary role of Police at these events is to ensure everyone’s safety while they protest.

    If there is a concern that someone may be harmed, Police will act within the boundaries of the law to protect all individuals present. 

    We recognise the delicate balance between a person’s right to peacefully protest and maintaining public order.

    Our officers are entrusted to make these decisions based on their knowledge and information available to them.

    ENDS

    Issued by the Police Media Centre 

    MIL OSI New Zealand News –

    February 18, 2025
  • MIL-OSI United Nations: Use Upcoming Tenth Anniversary of Minsk Accord’s Signing to Renew Diplomatic Efforts towards De-escalation in Ukraine, Assistant Secretary-General Urges Security Council

    Source: United Nations MIL OSI b

    The Minsk Agreements show that the signing of a peace pact alone does not ensure a durable end to conflict, the Security Council heard today as it met a decade after the adoption of Council resolution 2202 (2015), which called for the full implementation of those accords.

    The international community must use the 10-year anniversary as an opportunity to “recall past diplomatic efforts towards de-escalation” as well as reflect “on what happens when peacemaking fails”, Miroslav Jenča, Assistant Secretary-General for Europe, Central Asia and Americas in the Departments of Political and Peacebuilding Affairs and Peace Operations, said.  He noted that in one week, it will be “three tragic years” since the Russian Federation’s full-scale invasion of Ukraine.

    Highlighting the crucial role of regional and subregional organizations, he praised the Organization for Security and Cooperation in Europe (OSCE) Special Monitoring Mission for monitoring ceasefire violations and helping to maintain dialogue for “eight difficult years”.  Any peaceful settlement must respect the sovereignty, independence and territorial integrity of Ukraine, he said, welcoming all initiatives with the full participation of Ukraine and the Russian Federation.  Ensuring the conflict does not reoccur or escalate requires genuine political will and understanding of its “multidimensional complexity”, he said.

    Peace Activist Haunted by Dead Ukrainian, Russian Soldiers, Says War Could Have Been Avoided through Diplomacy

    “The people of Ukraine are divided – they are either pro- or anti-Russian,” stated Roger Waters, civil peace activist, who also addressed the Council today.  To those questioning his credentials, he said:  “I’m here to talk about war and peace and love, and my credentials are firmly in place.” “Hundreds of thousands of dead Ukrainian and Russian soldiers […] are in this room with us today [and] they haunt me,” he said. 

    Recalling the Maidan protests in Kyiv, he stressed that this is one of the problems with regime change — “dead bodies, they are somebody’s loved one”. Immediately after the Government change in 2014, Crimea seceded from Ukraine and joined the Russian Federation. “Did it secede or was it annexed?” he asked, pointing to a referendum held at the time, in which 95 per cent of Ukrainians in Crimea voted to secede. 

    The agreements — Minsk I, signed in September 2014, and Minsk II, in February 2015 — outlined steps for ending the conflict in eastern Ukraine through a political settlement.  The latter accord stipulated a ceasefire in certain areas of the Donetsk and Luhansk regions and the withdrawal of military equipment by both sides.  It also included a commitment by Kyiv to organize local elections and grant special status to the separatist-held areas in eastern Ukraine and the reinstatement of Ukraine’s full control over its border.

    Mr. Waters said that despite campaigning on the promise to resume Minsk II, Ukraine President Volodymyr Zelenskyy, who came to power in 2019, did not do so, and in 2022, Russian troops crossed the border to Ukraine. This war could have been avoided through diplomacy, he insisted, adding that President Zelenskyy had started talking to Russian President Vladimir Putin and by the end of April 2014, a ceasefire agreement had been agreed upon in Istanbul.  The war could have been a stillborn, but then United Kingdom Prime Minister Boris Johnson arrived in Kyiv with the message that the war should be continued as it “suits the Americans” — “the longer it takes, the better”. 

    Citing the telephone talks between United States President Donald Trump and President Putin as a potential move in the right direction, he concluded:  “Maybe there is a glimmer of light at the end of this dark tunnel of war — it comes three years and hundreds of thousands of priceless lives too late, but maybe it’s a start.”

    United States Committed to Ending Carnage, Restoring Europe’s Stability, its Speaker Says 

    Washington, D.C., is committed to ending the carnage and restoring Europe’s stability, the representative of the United States said, adding:  “We want a sovereign and prosperous Ukraine but we must start by recognizing that returning to Ukraine’s pre-2014 borders is an unrealistic objective.”  Further, he added:  “Chasing this illusionary goal will only prolong the war and cause more suffering.” At the same time, he underscored that the Russian Federation has consistently undermined the Minsk Agreement; therefore, a durable peace for Ukraine must include robust security guarantees to ensure the war will not begin again.  Describing Moscow’s illegal war of conquest as “a strategic error”, he said that “the easy way out is through negotiations”.  If Moscow, instead, “chooses the hard way”, it will incur greater and escalating costs to its economy and losses on the battlefield, he warned. 

    New United States Administration Has Created Space for Diplomacy, Russian Federation’s Representative Says 

    For his part, the Russian Federation’s delegate said that “the entry into office of the Republican United States Administration” has created space for the emergence of diplomacy.  Those who seized power in Ukraine, following the 2014 anti-constitutional coup, had no intention of implementing the Minsk Agreements, he said.  Citing statements by various Ukrainian officials who described the Agreements as “a noose on the neck” and “not binding in nature”, he said the Agreements were “a smokescreen” for Western countries while they provided Ukraine armaments. 

    Outlining lessons to draw from the failure of the Minsk process, he said European Union countries and the United Kingdom are “unfaithful to their word and they cannot be a party to any future agreement”.  Also stressing the need to provide autonomy to the east of Ukraine and guarantees for its Russian language population, he said that President Zelenskyy “is deathly afraid of elections and is doing everything possible to drag them out”.  A future Ukraine needs to be “a demilitarized neutral State, not a part of any blocs or alliances,” he said, adding that it was the prospect of the entry of Ukraine into the North Atlantic Treaty Organization (NATO) that triggered the crisis.

    Entire History of Minsk Agreement “Long List of Violations’ by Moscow”, Ukraine’s Delegate Says

    However, Ukraine’s delegate countered that the entire history of the Minsk Agreements “was a long list of violations” by Moscow.  In 2022, “on this very day”, “in this very chamber”, when her country expressed concern about the buildup of troops along its border and other developments, the Russian Federation had underscored that there is no alternative to the Minsk Agreements, she recalled.  Four days later, that country recognized the so-called independence of the Donetsk and Luhansk regions of Ukraine.  Among others, it never implemented paragraph 4 of the Minsk Protocol, concerning the establishment of a security area in the border regions of the two countries, she said.

     “It is because people of Ukraine are pro-Ukrainian [that] the Russian Federation has failed,” she added.  Any future arrangement involving the Kremlin must include enforcement mechanisms and preventive measures, she stressed, adding:  “What responsible States see as commitments to be upheld, the Russian Federation treats as a tactical ploy.”  Ukraine is working with its partners to find strong solutions, she said, stressing:  “Weak agreements will not bring real peace; they will only lead to the greater war.” 

    Other Council Members Weigh In

    Denmark’s delegate described the current meeting as “part of an ongoing disinformation campaign” to try and distract the international community from the subjugation of Ukraine.  Welcoming Ukraine’s ratification of the Rome Statute, she expressed support for a special tribunal to investigate crimes conducted in that country.  While “no one wants this war to end more than Ukraine”, the United Kingdom’s delegate said, President Putin’s preconditions for talks have been that Ukraine withdraws from large swathes of its own sovereign territory and abandons its right to choose its alliances.  “No country could accept this,” she said, reaffirming that London will provide concrete support for Ukraine for as long as needed. 

    “The Minsk Agreements were a diplomatic initiative designed to prevent further bloodshed and establish a political pathway to peace in Ukraine,” said Germany’s representative, adding that Moscow obstructed its implementation and chose to pursue expansionist conquest.  “This war should not have been started in the first place,” she stressed, calling on all States to unite behind the draft General Assembly resolution on advancing peace in Ukraine.  Along similar lines, France’s delegate highlighted the tireless mediation by Paris and Berlin, to enable Ukraine and Russian Federation to find common ground. However, Moscow chose war, he said, while Greece’s delegate stressed that “no interpretation of the Minsk Agreements can ever justify the invasion of Ukraine”.

    “We need something more than Minsk III,” Slovenia’s delegate said, adding that the abstract nature of the Agreements allowed for multiple interpretations.  Any future accord must be much be more specific with clear timelines, defined sequencing and a monitoring mechanism, he stressed.  Similarly, Somalia’s delegate underscored the importance of clarity, particularly in diplomatic tools, and said the implementation of ceasefire provisions requires robust and impartial verifying mechanisms.  The Republic of Korea’s delegate stressed that “the entire world is well aware of who is aggressor and who is the victim,” also adding that the Democratic People’s Republic of Korea’s support of the Russian Federation, with troops and munitions, is a grave violation of the Organization’s resolutions. 

    Several speakers expressed concern about the failure of diplomacy, while others called on the international community to rally behind new diplomatic efforts.  Since the onset of the Ukraine crisis, Beijing has been calling for a political solution through dialogue and has been actively engaged in diplomatic mediations, China’s representative, Council President for the month, said in his national capacity.  The legitimate security concerns of all countries should be taken seriously, he said, welcoming the Washington, D.C.-Moscow agreement to start peace talks. 

    “We have been consistent in our calls for restraint,” said Pakistan’s delegate, as he expressed regret that the Minsk Agreement could not reach just and lasting peace in the region.  “We must learn from the past so we do not commit the same errors,” Panama’s delegate added, stressing that dialogue and diplomacy is the only path to peace. 

    “The failed implementation of the Minsk Agreement cannot be the reason to prolong this war,” said Guyana’s delegate, reiterating calls for an end to the hostilities and for the withdrawal of Russian Federation’s forces from Ukraine’s territory.  “Until this day more and more civilians are losing their lives, including women and children,” pointed out Algeria’s representative, while Sierra Leone’s delegate underscored that “the conflict in Ukraine will not be resolved by military means”.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI United Nations: Secretary-General Appoints Jens Wandel of Denmark Special Adviser to Secretary-General on Reforms

    Source: United Nations General Assembly and Security Council

    United Nations Secretary-General António Guterres announced today the appointment of Jens Wandel of Denmark as Special Adviser to the Secretary-General on Reforms.  He was previously appointed to this function from 2018 to 2020 during the implementation phase of the reforms. 

    The Secretary-General has tasked Special Adviser Wandel with delivering an internal review of the progress made and remaining gaps implementing the reforms.  Working within and across all three reform streams (Sustainable Development, Peace & Security and Management), the Special Adviser will work to deepen the impact of the three reforms, including by recommendations to the Secretary-General for the key departments, the United Nations Sustainable Development Group, and the United Nations High-level Committee on Management. 

    Mr. Wandel has had a distinguished service within the United Nations.  He served as the United Nations Office for Project Services (UNOPS) Executive Director (ad interim), the Secretary-General’s Designate for the COVID-19 Response and Recovery Fund, and the United Nations Development Programme (UNDP) Assistant Administrator, Director of the Bureau of Management.  He also held various positions at the country level, including as Resident Coordinator and UNDP Resident Representative in Turkmenistan and other UNDP positions in Kyrgyzstan and Viet Nam.  He brings a wide range of experience across operational, programmatic and policy matters, which is critical for implementing the key outstanding elements of the reforms. 

    Mr. Wandel holds a Master of Arts equivalent in political science (development and public management) from the University of Aarhus, Denmark.  He is fluent in English and Danish.

    __________

    * This supersedes Press Release SG/A/1821-BIO/5111 of 31 July 2018.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 17.02.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    17 February 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 17.02.2025

    Espoo, Finland – On 17 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,247,001 4.80
    CEUX – –
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,247,001 4.80

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 17 February 2025 was EUR 5,987,974. After the disclosed transactions, Nokia Corporation holds 250,456,659 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    • Daily Report 2025-02-17

    The MIL Network –

    February 18, 2025
  • MIL-Evening Report: Is Australia’s GST a tax or a tariff? And why has it become a target in the trade wars?

    Source: The Conversation (Au and NZ) – By Felicity Deane, Professor, Queensland University of Technology

    Australian beef exports to the United States are GST-free and should not be subject to any retaliatory tariff. William Edge/Shutterstock

    The latest round of proposed tariffs from US President Donald Trump includes a response to what the White House describes as “unfair” taxes – specifically, value-added taxes such as Australia’s Goods and Services Tax (GST).

    Most economically advanced countries have a value-added tax (VAT) or sales tax on consumption. This applies to domestic goods and services as well as to imports. The United States is one of the few countries that does not impose a sales tax, though many of the states impose their own sales tax.

    So the argument, according to the White House, is these taxes apply to imported goods, but not to exports.

    Is the GST a tax or a tariff?

    The GST is a broad-based consumption tax of 10%. It applies to most goods and services that are consumed in Australia, regardless of their origin.

    An import tariff – sometimes called an import duty – is imposed exclusively on imported goods as a condition of market access.

    Tariffs are not imposed on domestically produced goods at all. This is the main point of difference with a domestic consumption tax. The GST applies equally to imported and domestically produced goods, adhering to long-agreed international trade rules.

    It remains unclear how the Trump administration intends to implement a tariff that is equivalent to the 10% GST. In effect, this becomes a tax on US consumers if they buy Australian goods.




    Read more:
    What’s a trade war?


    Such an indirect tax would be regressive, which means it falls more heavily on lower-income consumers. The expansion of tariffs to include other nations’ VAT systems also represents a significant overreach into national sovereignty. It has long been accepted that sovereign nations have the right to tax their citizens and businesses as they see fit.

    Indeed, Australia’s GST is among the lowest among economically advanced nations, for which the average is 19%, so the wider impact on US consumers will be even greater.

    Goods that are exported to the US face a new round of tariffs.
    Shutterstock

    Trump is clearly (and unapologetically) seeking to reinvigorate US manufacturing. But the reality is that US labour costs are high. It is also inefficient for any country to produce all the goods and services its population requires. This is particularly the case in such a high-consumption nation as the US.

    The US has been described as a consumer of last resort
    because strong consumer demand has been filled by ever rising imports from other countries. The mutually beneficial relationship between the US and China has enabled the rise of the middle class in China. Trump’s tariffs may shift this, causing geopolitical tensions and economic instability.

    Australia’s response: pausing the digital services tax

    While these tariffs primarily harm US consumers, Australian businesses will also feel the effects. However, it is unclear to what extent. Notably, one main export to the US, unprocessed agricultural products such as beef, are GST-free and should not be subject to any retaliatory tariff.

    However, many other Australian exports could be disadvantaged. Trump’s policies will raise the cost of Australian imported goods in the US market, potentially making them less appealing to US consumers.

    The threat of these tariffs is clearly a problem for a federal government facing an impending election, and Prime Minister Anthony Albanese has so far responded cautiously. While a diplomatic approach may secure a minor concession, it’s in stark contrast to Canada’s firm stance, which included immediate threats of retaliatory measures.




    Read more:
    Whether we carve out an exemption or not, Trump’s latest tariffs will still hit Australia


    Trump’s use of tariff threats as a negotiating tactic does appear to be having the desired effect, with a potential suspension of Australia’s proposed big tech levy. This proposal would have imposed a tax on major tech firms such as Meta and Google if they did not reach a direct agreement with local media companies.

    Reports indicate the government has put this proposal on hold due to the risk of retaliatory tariffs from the US. Such a tax would likely have invoked the wrath of the US administration, with the digital services levies of Canada and France specifically referenced in the most recent White House tariff announcement.

    It is fair to say the White House statement deliberately misleads any reader into thinking that tariff percentages directly impact on trade volumes.

    This statement ignores a fundamental principle that has made international trade so appealing since World War II – and why economists have argued in support of it for hundreds of years. Countries produce and trade the goods and services at which they are efficient. Efficiency leads to lower costs which, all else being equal, means consumers are better off.

    The statement from the White House, together with Trump’s past pronouncements, demonstrate that all rules to do with international taxation and fairness have been thrown out.

    This does not appear to be the main concern, however, with Australian negotiators potentially willing to put on hold a crucial policy to ensure the long-term viability of local journalism.

    This is just the beginning. Anyone who felt some comfort and safety in the strength of our own democracy should carefully consider the overreach that is occurring through these threats.

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

    – ref. Is Australia’s GST a tax or a tariff? And why has it become a target in the trade wars? – https://theconversation.com/is-australias-gst-a-tax-or-a-tariff-and-why-has-it-become-a-target-in-the-trade-wars-250041

    MIL OSI Analysis – EveningReport.nz –

    February 18, 2025
  • MIL-Evening Report: With just 5 years to go, the world is failing on a vital deal to halt biodiversity loss

    Source: The Conversation (Au and NZ) – By Justine Bell-James, Professor, TC Beirne School of Law, The University of Queensland

    Almost 200 nations have signed an ambitious agreement to halt and reverse biodiversity loss but none is on track to meet the crucial goal, our new research reveals.

    The agreement, known formally as the Kunming-Montreal Global Biodiversity Framework, seeks to coordinate global efforts to conserve and restore biodiversity. Its overarching goal is to safeguard biodiversity for future generations.

    Biodiversity refers to the richness and variety within and between plant and animal species, and within ecosystems. This diversity is declining faster than at any time in human history.

    Five years remain until the framework’s 2030 deadline. Our research shows a more intense global effort is needed to achieve the goals of the agreement and stem the biodiversity crisis.

    Biodiversity is in decline

    Biodiversity decline is a growing global issue. Around one million animal and plant species are threatened with extinction.

    The problem is driven by human activities such as land clearing, climate change, pollution, excessive resource extraction and the introduction of invasive species.

    As biodiversity continues to degrade, the foundation of life on Earth becomes increasingly unstable. Biodiversity loss threatens our food, water and air. It increases our vulnerability to natural disasters and imperils ecosystems crucial for human survival and wellbeing.

    The Global Biodiversity Framework was adopted in late 2022 after four years of consultation and negotiation. It involved 23 core commitments to be met by 2030 involving both land and sea. Key to the deal is protecting areas from future harm, and restoring past harms.

    These aims are captured in two targets.

    The first is ensuring 30% of degraded areas are under “effective restoration” to enhance biodiversity. This could involve replanting vegetation, reducing weeds and other pests, or restoring water to drained areas.

    The second is to effectively conserve and manage 30% of land and sea areas – especially those important for biodiversity and the ways ecosystems function and benefit humans. This could mean creating national or marine parks, or nature refuges on private land.

    Importantly, countries should both increase the size of areas protected or under restoration (a matter of quantity), and choose areas where interventions will most benefit biodiversity (a matter of quality).

    Nations were asked to provide an action plan before October 2024. In a paper published today, we reviewed these plans.

    What we found

    Our findings were disappointing. Only 36 countries (less than one quarter of signatory nations) submitted a plan. Australia was one of them.

    And the plans provided were underwhelming. In particular, nations fell badly short on the restoration target. Only nine out of 36 countries committed to restoring a specific percentage of land and sea.

    For example, Italy pledged only to restore “large surfaces of degraded areas” and Australia committed to restoring “priority degraded areas”.

    Defining commitments with numbers is important, because it allows progress to be monitored and measured, and forces nations to be accountable.

    Of those nine countries that made specific restoration commitments, only six committed to the 30% goal: Aruba, China, Curaçao, Japan, Luxembourg and Uganda.

    The results were better when it came to protecting land and sea. Some 22 of the 36 countries set a percentage target for protection. However, only 14 committed to protecting at least 30% of areas, in line with the goals of the deal.

    Again, quality is also important here. Under the deal nations signed up to, protected land should enhance biodiversity, and cover areas very valuable for biodiversity recovery. However, many nations were silent on the issue of quality when outlining their planned protections. It means their efforts could, in some cases, do little for biodiversity.

    A spotlight on Australia

    In recent years, Australia has sought to establish itself as a biodiversity leader on the international stage. This included hosting the global Nature Positive Summit in October last year.

    Following the summit, the federal government claimed it was:

    a tangible demonstration of Australia’s commitments under the Kunming Montreal Global Biodiversity Framework. It showed our willingness to work collaboratively towards the goal of halting and reversing biodiversity loss.

    But despite the rhetoric, our research shows Australia’s plans are not particularly impressive.

    As noted above, Australia does not provide a percentage target for ecosystem restoration. Instead, its plan refers broadly to restoring “priority areas” without defining what these areas are.

    Australia’s plan pledges to identify “priority degraded areas” and define what “under effective restoration” means, but does not outline how this will be done.

    Australia is more aligned with global leaders on protection of biodiversity. It committed to safeguarding 30% of land and water in protected areas.

    However, it provided limited details on how it will select, implement and enforce protection measures. The plan also fails to recognise current shortcomings in protected areas, both in oceans and on land – in particular, Australia’s focus to date on quantity over quality when it comes to selecting sites.

    In contrast, the nation of Slovenia mapped out proposed protected areas.

    So, while Australia did submit an action plan, it has missed the opportunity to be a true global leader.

    Running out of time

    The Global Biodiversity Framework aims to unite nations in the fight to conserve and restore biodiversity. But as our research shows, many countries do not have plans to achieve this, and plans submitted to date are largely inadequate.

    As species and habitats are lost, ecosystems become less stable. This damages human health and wellbeing, as well as economies. Biodiversity loss also undermines vital cultural and spiritual connections to nature.

    All countries must accelerate efforts to avert the biodiversity crisis, and preserve Earth’s precious natural places for future generations.

    Justine Bell-James receives funding from the Australian Research Council, the National Environmental Science Program, and Queensland Government’s Department of Environment, Tourism, Science and Innovation. She is a Director of the National Environmental Law Association.

    James Watson has received funding from the Australian Research Council, National Environmental Science Program, South Australia’s Department of Environment and Water, Queensland’s Department of Environment, Science and Innovation as well as from Bush Heritage Australia, Queensland Conservation Council, Australian Conservation Foundation, The Wilderness Society and Birdlife Australia. He serves on the scientific committee of BirdLife Australia and has a long-term scientific relationship with Bush Heritage Australia and Wildlife Conservation Society. He serves on the Queensland government’s Land Restoration Fund’s Investment Panel as the Deputy Chair.

    – ref. With just 5 years to go, the world is failing on a vital deal to halt biodiversity loss – https://theconversation.com/with-just-5-years-to-go-the-world-is-failing-on-a-vital-deal-to-halt-biodiversity-loss-249841

    MIL OSI Analysis – EveningReport.nz –

    February 18, 2025
  • MIL-OSI United Nations: Committee on the Elimination of All Forms of Discrimination against Women Holds Half-Day General Discussion on Gender Stereotypes

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today held a half-day general discussion on its proposed general recommendation on gender stereotypes.

    In opening remarks, Nahla Haidar, Committee Chairperson, said gender stereotypes created false beliefs, inhibitive gender roles and discrimination. The Committee hoped to prepare guidelines that would help States to address these stereotypes, and counter myths and common excuses as to why gender stereotypes continued to be perpetuated, such as cultural and religious reasons.

    Peggy Hicks, Director, Thematic Engagement, Special Procedures and Right to Development Division, United Nations Office of the High Commissioner for Human Rights, said in introductory remarks that the general recommendation would provide guidance on State obligations to address gender stereotypes as root causes of gender-based discrimination.  She expressed hope that it would strengthen standards, principles and guidance to eliminate all forms of gender stereotypes.

    In her introductory remarks, Natalia Kanem, Executive Director, United Nations Population Fund, said that currently, around the world, there were immense pushbacks against women and girls in all their diversity.  In this uncertain moment, all parties needed to stand with women and engage actively in developing this general recommendation.  The work of the Committee saved and transformed lives; it needed to continue.

    Nyaradzayi Gumbonzvanda, Deputy Executive Director, United Nations Women, said gender stereotypes were barriers to the human rights of women and girls.  They restricted education, jobs, leadership, health and justice, fuelling inequality and violence, silencing women and denying freedoms.  General recommendation 41 presented a decisive opportunity to dismantle gender stereotypes at their core.

    Bandana Rana and Rhoda Reddock, Committee Experts and Co-Chairs of the Committee Working Group on gender stereotypes, also made introductory statements, calling on all stakeholders to support and provide input for the general recommendation.

    After the introductory remarks, the Committee held a panel discussion on gender stereotypes, hearing presentations from Adriana Quinones, Head, Human Rights and Development, United Nations Women; Joni van de Sand, Global MenEngage Alliance; Paola Daher, Women Deliver; Alexandra Xanthaki, United Nations Special Rapporteur in the field of cultural rights; and Marwa Sharafeldin, Musawah.

    Following the panel discussion, States parties, United Nations agencies, and civil society representatives delivered oral statements. Speaking were Malta, Andorra, Poland, Canada, Vanuatu, Cyprus, Japan, Chile, Maldives, Ukraine, Austria, Azerbaijan, United Arab Emirates, Mexico, Bulgaria, Israel, Venezuela, Bolivia, Spain, United Nations Educational, Scientific and Cultural Organization and Nepal.

    Also speaking were Consortium for Intersectional Justice, Observatorio Iberoamericano Contra la Violencia de Género, Duch Cedaw Network, WILPF, Center for Reproductive Rights, European Network of Migrant Women, Tania Sordo Ruz, Nordic Model Now, and Ilga World.

    The Committee on the Elimination of Discrimination against Women’s ninetieth session is being held from 3 to 21 February.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 5 p.m. on Friday, 21 February to close its ninetieth session.

    Introductory Remarks

    NAHLA HAIDAR, Committee Chair, welcomed all participants to the meeting.  She said that the Committee was mandated to issue recommendations to States parties and provide guidance on themes related to women’s rights.  The discussions to be held today would focus on the Committee’s proposed general recommendation on general stereotypes, which the Committee urged all stakeholders to support.  Gender stereotypes created false beliefs, inhibitive gender roles and discrimination.  Measures needed to be implemented to combat them.  The Committee hoped to prepare guidelines that would help States to address these stereotypes, and counter myths and common excuses as to why gender stereotypes continued to be perpetuated, such as cultural and religious reasons.

    PEGGY HICKS, Director, Thematic Engagement, Special Procedures and Right to Development Division, United Nations Office of the High Commissioner for Human Rights, said she could not think of a timelier topic.  The general recommendation on gender stereotypes would provide guidance on State obligations to address these stereotypes as root causes of gender-based discrimination.  She expressed hope that it would strengthen standards, principles and guidance to eliminate all forms of gender stereotypes.

    Gender stereotypes were justified under the banners of “tradition,” “culture,” “religion” or even “nature.”  They often stemmed from patriarchal systems that tolerated or affirmed unequal power relations, based on the idea that women were inferior to men.  Discriminatory practices against women and girls needed to be eliminated, regardless of their origins, including those perpetuated in the name of culture or religion.

    The impacts of gender stereotyping began in the family and were apparent in every aspect of the lives of women and girls.  Gender stereotyping normalised violence against women and girls, politicised their reproductive functions, and denied them equal participation in political life and economic opportunities.  Women who did not conform to gender stereotypes or who openly contested them were particularly exposed to discrimination, violence and criminalisation.  

    It was crucial to address stereotypes that manifested first in the family and were then perpetuated in education systems and all aspects of society, including virtual spaces.  Transforming education systems to eliminate gender stereotypes was essential; human rights-based education was a powerful tool to dispel stereotypes.

    The discussion would address the unique vulnerabilities faced by women and girls who experienced combined stereotypes based on gender and other grounds, such as ethnicity, socioeconomic status, disability and age.  The general recommendation needed to address how to rectify the impact of intersecting forms of stereotypes, resulting discriminations and corresponding State obligations.

    Gender stereotypes trapped men and boys, conditioning them to embrace harmful ideas of masculinity.  Men and boys needed to challenge unequal power relations and structures, recognising how patriarchy privileged them and how gender equality liberated all.  Combatting gender stereotypes demanded a comprehensive approach involving the transformation of laws, policies and societal structures.  

    The general recommendation would enable States parties to change and transform gender stereotypes, paving the way for the full realisation of all human rights for all women and girls.  The Office of the High Commissioner for Human Rights was ready to support this work.  It had concrete analytical tools and the mandate and expertise to monitor these issues, provide technical assistance, and build the capacity of key stakeholders.

    NATALIA KANEM, Executive Director, United Nations Population Fund, said it was currently a moment of grave import for the rights of women and girls. Around the world, there were immense pushbacks against women and girls in all their diversity.  Fierce opposition was threatening progress on several fronts.  It was welcome that maternal mortality had dropped by a third, and more than 160 countries had passed laws to address domestic violence. 

    However, the United Nations Population Fund regularly heard stories like those of Amena’s, who had been informed at age 13 by her parents that she was to be married.  The Fund had helped Amena to stand up for her rights and she was able to return to school.

    Gender stereotypes perpetuated stigma and shame around girls’ sexuality, and they posed significant risks to economic and social stability, contributing to the gender wage gap. Poverty often wore the face of a woman. Stereotypes also often led to gender-based violence, particularly online.  Discrimination severely limited the participation of women and girls in the digital space.  The ripple effects of these stereotypes drove political polarisation, fractured communities and exacerbated inequality.  They contributed to a world where progress and peace were illusive. 

    Gender discrimination was compounded by factors such as age, race and disability status.  The Fund was training healthcare workers to provide non-judgemental care for women, so women could make informed choices about their bodies and lives.

    Gender stereotypes were perpetuated in all segments of society.  The Fund was empowering girls to become leaders and was working to create a digital world that was safe and accessible for everyone.  It was also working with boys and men to ensure that they were not trapped by gender stereotypes.  It would continue to support policies and programmes that aimed to address harmful social norms.  The Committee needed to formulate processes that would give women their own money, self-agency and bodily autonomy.

    In this uncertain moment, all parties needed to stand with women.  All stakeholders needed to engage actively in developing this general recommendation.  This was not the time to roll back the clock on women’s rights.  The work of the Committee saved and transformed lives. It needed to continue.

    NYARADZAYI GUMBONZVANDA, Deputy Executive Director, United Nations Women, said United Nations Women was proud to support general recommendation 41.  Gender stereotypes were barriers to the human rights of women and girls.  They restricted education, jobs, leadership, health and justice, fuelling inequality and violence, silencing women and denying freedoms.  

    Gender stereotypes’ impact was clear in politics, where women faced double standards, exclusion and relentless scrutiny.  They also fuelled violence and impunity, with women and girls too often being valued first as wives and daughters, and not as full human beings with rights.  Stereotypes further dictated economic power, with women being denied inheritance rights.

    United Nations Women commended its Member States for adopting strong regional frameworks to combat gender-based violence and discrimination, including the Belem do Para Convention, the Istanbul Convention, and the African Union Convention on Ending Violence against Women.  Commitments needed to translate into action.  Lifting reservations to the Convention, which weakened protections and kept barriers in place, was urgent.

    General recommendation 41 presented a decisive opportunity to dismantle gender stereotypes at their core.  The year 2025 marked 30 years since the Beijing Declaration and Platform for Action.  It was also the final stretch toward the expiration date of the Sustainable Development Goals, which pledged to end harmful practices against women and girls. General recommendation 41 was a critical tool for transformation that needed to be acted on immediately.

    BANDANA RANA, Committee Expert and Co-Chair of the Committee Working Group on Gender Stereotypes, said the Committee, at its eighty-fourth session, had agreed to start the elaboration of a general recommendation on gender stereotypes.  Harmful gender stereotypes were one of the biggest stumbling blocks to gender equality.  They contributed to unequal representation in workplaces and policies, and contributed to gender-based violence. 

    The Convention called on States to challenge traditional norms that limited women’s’ representation in all areas of society.  The general recommendation would dismantle discriminatory stereotypes and provide guidance on addressing these stereotypes and creating a more just society.  Together, they could create more equitable societies, as envisioned by the Sustainable Development Goals.  Ms. Rana called on all stakeholders to actively contribute to the general recommendation, dismantle gender stereotypes, and build a future where everyone could thrive without barriers.

    RHODA REDDOCK, Committee Expert and Co-Chair of the Committee Working Group on Gender Stereotypes, said gender stereotypes were based on ideas, attitudes, belief systems and patriarchal structures that existed in all societies.  They reflected the notion of women being inferior to men. The Convention called on all States parties to modify social patterns and cultural practices that were based on stereotyped roles of men and women.  Stereotypes often changed, and new ones were regularly created.  Women’s structured inferiority moved with them to all activities where they predominated.  This issue was central to the equal valuing of women and men.  Ms. Reddock called on all stakeholders for support as the Committee developed the general recommendation.

    Summary of Statements by Panellists

    After the introductory remarks, the Committee held a panel discussion on gender stereotypes, hearing presentations from Adriana Quinones, Head, Human Rights and Development, United Nations Women; Joni van de Sand, Global MenEngage Alliance; Paola Daher, Women Deliver; Alexandra Xanthaki, United Nations Special Rapporteur in the field of cultural rights; and Marwa Sharafeldin, Musawah.

    Many speakers expressed concern that currently, women’s rights were under threat from those with immense power.  There was a mounting backlash against diversity, inclusion and lesbian, gay, bisexual, transgender and intersex rights, and new policies and platforms for discrimination were emerging.  Stereotypes between men and women were becoming more apparent and legitimised.

    Speakers said gender stereotypes were key pillars of patriarchal domination and power. They did not emerge in a vacuum; they were used to determine roles and behaviours that conformed to power relations, and they became stubbornly resistant over time.  They had a negative impact on the full realisation of the rights of women and girls, including their rights to work, education, and sexual and reproductive health.  Persons who challenged traditional notions of the family faced discrimination.  Gender stereotypes often intersected with stereotypes related to race, class and other aspects. 

    Speakers expressed national measures implemented to address gender stereotypes and promote gender mainstreaming, and offered the Committee support in addressing gender stereotypes.

    One speaker said an increasing number of young men in the world thought that gender equality had gone too far.  Transforming stereotypes against men was crucial in advancing gender equality.  A key strategy in this regard was to promote masculinity rooted in concepts of care and environmental protection, they said. The general recommendation needed to elaborate on how transforming gender stereotypes was relevant to men and masculinities.

    Another speaker said the Committee needed to recognise that stereotypes were not perpetuated by the abstract concept of “culture”.  The general recommendation needed to recognise that women’s rights and agency came from culture.  The general recommendation needed to recognise that it was how culture was being used by elites that made it harmful. 

    The rights enshrined in the Convention belonged to all women, including lesbian, bisexual, transgender and intersex women, one speaker said.  Womanhood needed to be recognised through self-identification.  The Committee needed to continue to eradicate stereotypes in international law regarding the definition of a woman.

    One speaker said that religion, law and the family were fields where transformative change was possible to dismantle gender stereotypes.  Religion was a source of law and it affected social norms and stereotypes.  There was patriarchal religious discourse and religious discourse that promoted gender equality.  States needed to make a choice about the religious discourse used in law and practice. The speaker noted efforts to combat gender stereotypes by changing interpretations of religious texts. 

    Several speakers gave recommendations regarding the content of the general recommendation.  One speaker said it needed to have a multi-layered institutional approach that was cognisant of power relations, while another called for the general recommendation’s scope to be expanded to promote counter narratives to gender stereotypes.  Another recommendation was for full effective and meaningful participation of women and girls to be captured in the general recommendation.

    Panel Discussion

    Representatives of States, United Nations agencies and civil society then took the floor, with speakers, among other things, expressing support for the elaboration of a general recommendation on gender stereotypes that would contribute to eliminating gender stereotypes and their adverse effects on women and girls, and to promoting the rights of all women and girls.

    Many speakers said gender stereotypes impeded the participation of women in all areas of public and private life and subconsciously affected how all behaved.  Stereotypes led to the subordination of women and girls, wage gaps, discrimination and gender-based violence.  They limited the potential of women globally and progress toward Sustainable Development Goal Five.  Women and girls continued to bear the brunt of conflict and climate change.  States had a responsibility to combat these stereotypes.

    Speakers said that in many countries, there was a pushback against feminism, which was misinforming the public and slowing progress. It was imperative to prevent backsliding.  In this context, the United Nations and other international bodies needed to expand, not restrict, definitions of gender, one speaker said.

    Some speakers said that in the digital world, harmful messaging and sexist discourse were affecting women and girls.  Online pornography and prostitution promoted violence against women and perpetuated stereotypes, while online hate speech reinforced gender stereotypes, silenced women’s voices, and limited their political participation.  The Committee needed to examine how gender stereotypes permeated online discourse. Some speakers said that artificial intelligence was perpetuating and amplifying harmful gender stereotypes against women.  Measures needed to be implemented to eliminate gender biases in artificial intelligence.  One speaker called for the promotion of women’s participation in the technological sector.

    Speakers expressed support for the elimination of all harmful stereotypes against women and girls.  All parties needed to cooperate to build a fair and equitable society for women and girls.  Governments needed to recognise the crucial role of civil society organizations in protecting women’s rights and countering stereotypes.  Stereotypes needed to be recognised and countered.  Stakeholders needed to reshape restrictive masculinities and reinforce positive gender norms.  International regional frameworks, including the Convention, needed to be implemented to build a more prosperous future for all.  Encouraging social awareness of stereotypes was crucial in combatting discrimination and promoting equality.

    Some speakers said gender stereotypes were cross-cutting, affecting various marginalised groups.  Intersectionality was a necessary lens for addressing gender stereotypes.  Speakers also called on the Committee to adopt a decolonial approach and embrace indigenous approaches to women’s rights, and consider the rights of lesbian, bisexual, transgender and intersex women and girls.  One speaker said the Committee needed to oppose the patriarchy and contribute to dismantling it.

    The Committee needed to elaborate on biases in gender-based roles and their impact on society, one speaker said.  Another speaker called for the general recommendation to consider the link between stereotypes and women’s unpaid care work. The Committee needed to note the importance of awareness raising campaigns in breaking down stereotypes. One speaker said the general recommendation needed to challenge how gender stereotypes influenced security systems.

    Some speakers said the general recommendation needed to consider the cultural sensitivities of all States parties. Actions and decisions needed to align with States’ unique customs, they said.  One speaker called on the Committee to reflect on the positive influences of culture and religion on promoting women’s rights.

    Speakers presented legislative and policy initiatives to counter gender stereotypes and address intersectional discrimination; promote women’s participation in the workforce, political bodies and education, including in science, technology, engineering and maths education; revise textbooks to remove gender stereotypes; promote the access of women and girls to health and reproductive rights; combat human trafficking; repeal discriminatory laws; collect data on the prevalence of gender discrimination; promote the use of parental leave and the participation of men in care work; and empower vulnerable women.

    One speaker asked the Committee whether the general recommendation would consider the connection between unilateral coercive measures and gender stereotypes.

    Closing Remarks

    ANTTI KORKEAKIVI, Chief, Human Rights Treaties Branch, United Nations Office of the High Commissioner for Human Rights, expressed gratitude to all speakers for their invaluable contributions.  The dialogue had demonstrated how deeply gender stereotypes affected women and girls in all aspects of life.  The general recommendation had the potential to dismantle gender stereotypes and help women and girls to realise their potential.  The inputs of all stakeholders would inform the Committee’s efforts to elaborate the general recommendation.  The Office of the High Commissioner for Human Rights looked forward to the positive impact that the general recommendation would have on the lives of women and girls globally.

    NAHLA HAIDAR, Committee Chair, said all stakeholders’ inputs had been very valuable.  This general recommendation needed to ensure that no one was excluded from protection. The Committee would consider the Convention’s perspective on intersectionality, which was captured in the Committee’s general recommendation 28.  The current general recommendation needed to meet the requirements of women and girls all over the world.  Speakers had expressed a diversity of views on the subject, and the Committee would consider all these views.  In closing, Ms. Haidar thanked all speakers that had participated in the meeting, including more than 40 States parties.

    ___________

    CEDAW.25.052E

    Produced by the United Nations Information Service in Geneva for use of the information media; not an official record.

    English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI United Nations: Security Council Renews Sudan Sanctions Panel, Adopting Resolution 2772 (2025) by 13 Votes in Favour, 2 Abstentions

    Source: United Nations 4

    The Security Council today extended until 12 March 2026 the mandate of the Panel of Experts tasked with assisting its Sanctions Committee concerning Sudan, requesting a final report on the Panel’s findings and recommendations by 13 January 2026.

    Adopting resolution 2772 (2025) (to be issued as document S/RES/2772(2025)) by a vote of 13 in favour to none against, with 2 abstentions (China, Russian Federation), the Council — acting under Chapter VII of the Charter of the United Nations — also requested the Panel to provide the Security Council Committee established pursuant to resolution 1591 (2005) concerning Sudan with an interim report on its activities no later than 12 August.

    Further, the Council requested the Panel to provide updates regarding its activities to that Committee every three months, also expressing its intention to review the Panel’s mandate and take appropriate action regarding its further extension no later than 12 February 2026. It also encouraged all parties, Member States and international, regional and subregional organizations to ensure continued cooperation with the Panel, as well as the safety of its members.

    Speaking after the vote, the representative of the United States — the text’s main author — emphasized that the Panel’s independent reporting will facilitate both Member States’ support for Sudan and “efforts to reach a lasting resolution to a conflict that has caused the world’s largest humanitarian crisis”.  The Panel’s reporting provides unique information crucial to stemming the flow of arms and funds, stopping the fighting and supporting a civilian-led political alternative to both the Sudanese Armed Forces and the Rapid Support Forces, he added.

    Condemning the Rapid Support Forces’ recent attack on the Zamzam refugee camp in Darfur, the representative of the United Kingdom similarly underlined the continued importance of the Panel’s reporting. While welcoming the renewal of the Panel’s mandate, she said that her delegation would have preferred to retain previous language that called on the parties to cease violations of international law and condemned attacks against civilians.  She stressed:  “It is vital that this Council remain focused on protecting civilians in Sudan, given the violence being committed against so many.”

    Several Council members expressed regret that their proposal to align the extension of the Panel of Experts’ mandate with the sanctions measures imposed on Darfur was not taken on board, noting that the former’s mandate extends beyond the latter’s expiration in September.

    “This misalignment, unique to the sanctions regime in Darfur, must be addressed by the Council,” said the representative of Guyana — also speaking for Algeria, Sierra Leone and Somalia.  Nevertheless, they voted in favour of the resolution to reaffirm their continued support for the Panel of Experts, she said, expressing concern over escalating violence, arms flows and child recruitment in Sudan.

    “These developments reinforce the need for sustained monitoring and reporting by the Panel of Experts to keep the Council informed and engaged.”  However, conflict resolution requires a range of tools, and sanction measures alone have not been universally effective in restoring international peace and security.  “There must be a clear and defined pathway for the eventual lifting of sanctions, with periodic evaluations to ensure they serve their intended purpose without causing unintended consequences,” she said.

    Pakistan’s representative also expressed regret that “another opportunity was missed to align the reporting period of the Panel of Experts with that of the sanctions regime in Darfur”, pointing to the author’s “inflexibility to accommodate a six-month extension of the Panel with an automatic extension of 12 months”.  He also voiced concern that the resolution was put to the vote without accommodating the views of all Member States.

    Echoing that, the representative of the Russian Federation said that it is “unacceptable” that the Panel has been instructed to draft reports beyond the timeline of the sanctions regime itself.  “Even any hints” of extending that regime beyond Darfur is also unacceptable, he stressed, as these measures — introduced 20 years ago — “have not benefitted the Sudanese in any way”.  He added that the Panel’s activities must be impartial, “rather than using the mandate as a battering ram against the interests of the Sudanese people and Government”.

    The representative of China, Council President for February, then spoke in his national capacity to observe that the misalignment between the renewal cycles for the Panel’s mandate and the relevant sanctions regime has existed for some time — not because of the complexity of the issue, but fundamentally a lack of political will.  “The solution is quite simple,” he said, pointing out that either the Panel’s mandate or the sanctions regime itself could be extended, once, for six months.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI Economics: WTO and OECD release expanded dataset on trade in services covering over 200 economies

    Source: World Trade Organization

    The data on regional trade flows of digitally deliverable services shows that, in Europe, 62% of these exports were to economies within the region (see Chart 1). In contrast, North America exported 82% of its digitally deliverable services to economies outside the region. Regions such as the Middle East, South and Central America and the Caribbean, and Africa likewise focused on external markets.

    Chart 1: Regional exports of digitally deliverable services by destination, 2023
    % share based on balanced values

    Source: WTO estimates (2025). Balanced Trade in Services dataset (BaTIS) in the WTO Global Services Trade Data Hub.

    * CIS refers to the Commonwealth of Independent States, including certain associate and former member states.

    Note: Digitally deliverable services in the chart include financial and insurance services, telecommunications, computer and information services, other business services, charges for the use of intellectual property n.i.e., services, as well as personal, cultural and recreational services, such as audiovisual services.

    An in-depth analysis of digitally deliverable services further shows that the share of Africa’s exports of computer services to Europe rose from 47.6% in 2019 to 51.4% in 2023. Increased regionalization was observed in Asia as well as in North America and in South and Central America and the Caribbean, but it was less pronounced, over the same period.

    Chart 2: Computer services exports by origin and destination, 2023
    % shares based on balanced values

    1 CIS refers to the Commonwealth of Independent States, including certain associate and former member states.
    2 Includes the Caribbean.
    Source WTO estimates (2025). Balanced Trade in Services dataset (BaTIS) in the WTO Global Services Trade Data Hub.

    BaTIS data also sheds light on exports of “other business services,” including diverse professional, management, and technical services, from groups such as Small, Vulnerable Economies (SVEs). In 2023, SVE exports reached primarily major markets such as the United States (14%), the United Kingdom (12%) and Japan (8%) among others.

    Chart 3: Small and Vulnerable Economies (SVEs) exports of “Other business services” by destination, 2023
    % share based on balanced values

    Source: WTO estimates (2025). Balanced Trade in Services dataset (BaTIS) in the WTO Global Services Trade Data Hub.

    The BaTIS dataset, available for download, contains (i) reported bilateral data by economies, (ii) reported data including adjustments and estimates to fill data gaps, and (iii) the final balanced values to reconcile asymmetrical exports and imports.

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    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI United Kingdom: Focus on fighting anti-social behaviour as cabinet approves budget plans | Westminster City Council

    Source: City of Westminster

    More City Inspectors are being hired to spearhead the fight against anti-social behaviour alongside hundreds of new CCTV cameras being rolled out across the City.

    The recruitment of eight new City Inspectors – council staff who work along with police to help manage community safety – is among a number of budget proposals focused on anti social behaviour formally approved by Westminster City Council’s Cabinet. (Monday Feb 17). The new officers being recruited will concentrate only on tackling anti social behaviour across the city.

    Councillors agreed to double the number of CCTV cameras on the streets to 200, including 40 new cameras in the West End. The new CCTV network is part of an overall £2m for anti-social and city management measures.

    The installation of up to 40 new cameras in the West End – focusing on Soho and Leicester square – is the most significant council security investment in the area in nearly a decade. The roll-out of CCTV – which began last year – has already paid dividends with pictures being used in police evidence.

    The Budget measures approved by cabinet will help relieve pressure on Westminster’s housing waiting list by investing an additional £140 million into buying temporary accommodation.

    A major new investment of £2.6m will go into cushioning the cost of adult social care – meaning hundreds of adult social care users will now not pay for care while hard working care assistants will earn more.

    Despite the scale of new investment, the Council Tax rise equals just 48p a week for a Band D* property, which means Westminster still has one of the lowest Council Tax rates in the country. The Westminster City Council part of the Council Tax rises by 4.99 per cent overall – 2.99 per cent for council services and 2 per cent for the portion set aside for adult social care.

    Headline announcements in the proposed budget include:

    • An extra £1.2m to tackle rough sleeping and help people off the pavements and into safety
    • An additional £1.4m to increase the pay of the personal care assistants (over 400 staff)  who provide care for Westminster residents through direct payments. This will help more people who use adult social care to employ the carer they want as they will now be able to pay a competitive salary.
    • An additional £1.2m to level up the threshold at which people start to pay for their social care costs so that it is the same for everyone regardless of age. This will help over 460 residents aged under 65 to keep more of their income before paying care bills.
    • An extra £1m on cost of living support – for example free school meals during school holidays, supermarket food vouchers, a hardship fund and supporting specialist advice centres.
    • Investing in new Community hubs such as Ernest Harris House opening this Spring and the Pimlico Community hub at site of the Old Pimlico Library opening in 2026

    The Council will also deliver new savings of nearly £30m by 2028 through measures including greater efficiencies in contracts and the switch to an electric cleaning and waste fleet.

    The proposed budget – which will be voted on at full Council on March 5th – sets out detailed spending plans for managing more than 20,000 local authority properties under what is called the Housing Revenue Account. The business plan includes total capital investment of £916m over the next 5 years and a total of £2.5bn over the full 30 years. The budget also sets out the business plan for funding the council’s fairer Westminster programme under its capital strategy. The Council is proposing a gross capital programme up to 2038/39 of £2.5bn, partially offset by nearly £1.2bn of income, giving a net budget of £1.3bn.

    Cllr Adam Hug, leader of Westminster City Council, said:

    Safety and assurance for our residents – whether on the streets, keeping a roof over their heads or with help for the less well-off – is at the very heart of this Budget.

    “Like all London councils, we are facing unprecedented demands on our services with spiralling costs for housing and care. I am proud that we have been able through careful management and savings to target money to those who need it most while keeping a rise in Council tax to the bare minimum.

    “We all know everything is more expensive these days – food, rent, and looking after elderly family members. We are keeping bills down for those who can least afford it, but I am also pleased we can increase the hourly pay of those care assistants who do such a vital job but are often on the lower end of the pay scale.

    “Wherever you live in Westminster, you should be able to enjoy your surroundings without fear of those dealing drugs or committing other crimes and anti-social behaviour that can sometimes blight our neighbourhoods. Our new, redeployable cameras are already helping in court prosecutions and we will deploy them wherever residents need them most.”

    Full details of the proposed budget are available here: Agenda for Cabinet on Monday 17th February, 2025, 6.30 pm | Westminster City Council

    MIL OSI United Kingdom –

    February 18, 2025
  • MIL-OSI Asia-Pac: Department of Telecommunications and ITU Sign Letter of Intent to Collaborate on PhD Research Through Academic Dialogues with experts in Telecom Research

    Source: Government of India (2)

    Department of Telecommunications and ITU Sign Letter of Intent to Collaborate on PhD Research Through Academic Dialogues with experts in Telecom Research

    This partnership enables knowledge exchange between Indian researchers and global telecom experts

    “Through this collaboration, the DoT aims to empower Indian researchers and institutions to drive global innovation in telecom technologies of the future”: Dr Neeraj Mittal, Secretary (Telecom)

    This collaborations purposes to enhance India’s presence in the global telecom standardization and policy-setting ecosystem

    Posted On: 17 FEB 2025 7:53PM by PIB Delhi

    The Department of Telecommunications (DoT), Ministry of Communications, Government of India, and the International Telecommunication Union (ITU) have signed a Letter of Intent (LoI) in Geneva (Switzerland) today to initiate discussions on a collaborative PhD fellowship scheme in the field of telecommunications and associated emerging technologies. This initiative aims to strengthen India’s contributions to global telecom research and standards by fostering closer ties between Indian academia and the ITU. The proposed scheme envisions supporting PhD fellowships over five years in the ITU focus areas.

    The signing of LoI followed Secretary (Telecom), Department of Telecommunications (DoT), Government of India, Dr. Neeraj Mittal’s meeting with Ms. Doreen Bogdan-Martin, Secretary-General, ITU and other key officials.  Dr. Mittal is on an official visit to Geneva (Switzerland) to further strengthen India’s global digital leadership and deepen engagements with key international stakeholders in the telecommunication sector.

    Brief on the Proposed Initiative

    India’s rapidly expanding telecom sector, the second largest globally, requires continuous innovation. The ITU, a UN specialized agency, plays a key role in shaping global ICT standards. The collaboration between DoT and ITU seeks to align Indian research with ITU priorities, amplifying India’s voice in global telecommunications, particularly for the benefit of developing nations.

    The DoT will coordinate with ITU through a designated focal point, identify and support participating universities, provide feedback on research topics, grant fellowships to PhD scholars, and facilitate their engagement with ITU, including study visits. A government-nominated member of their university’s advisory committee will supervise scholars.

    Exploring Academia and Global Telecom Standards

    With the signing of the LoI, the Government of India and ITU have expressed their intent to establish a collaborative initiative that encourages PhD scholars from premier Indian institutions to conduct research in strategic areas relevant to ITU Study Groups or priority areas. This partnership will facilitate knowledge exchange between Indian researchers and global telecom experts, ensuring that Indian innovations contribute to the development of future telecom technologies and international standards.

    Key Highlights of the Proposed Collaboration

    • International Exposure: Indian scholars will have opportunities to engage with ITU experts, participate in ITU Study Group meetings, and present research at international forums.
    • Institutional Collaboration: Participating Indian institutions will receive Government of India sponsored ITU-academia membership, providing access to ITU’s extensive research resources, databases, and global academic networks.
    • Guided Research: Scholars will work under the co-supervision of ITU-appointed experts and a DoT-nominated member in their Research Advisory Committee (RAC) to align their work with global research priorities.

    Strengthening India’s Role in Global Telecom Research

    India’s telecom sector is evolving rapidly with advancements in 5G, AI, IoT, cybersecurity, and quantum computing. By aligning PhD research with ITU’s focus areas, this proposed scheme will enhance India’s presence in the global telecom standardization and policy-setting ecosystem.

    Welcoming the signing of LoI, Dr. Neeraj Mittal said, “The signing of this LoI with ITU is a significant step toward fostering cutting-edge research and positioning India as a key contributor to global telecom standards. Through this collaboration, Department of Telecommunications (DoT), Government of India aims to empower Indian researchers and institutions to drive innovation in telecom technologies of the future”.

    Key Benefits of the Collaboration

    This collaboration offers significant advantages for all stakeholders:

    • For DoT: Supports research aligned with national telecom goals, facilitating universal connectivity and ensuring India’s perspective in global standard-setting.
    • For ITU: Enables closer engagement with Indian academia, accessing a rich pool of research talent and valuable insights.
    • For Research Scholars: Provides invaluable experience through interactions with ITU experts, access to global resources, and opportunities for international collaboration.

    Way Forward: Positioning India as a Leader in Telecom Standardization

    The signing of the LoI marks the beginning of discussions on the specific details of the fellowship scheme, including potential deliverables, timelines, and implementation strategies. Both DoT and ITU recognize the importance of this collaboration in advancing telecom research and fostering cutting-edge technological innovations that benefit both India and the global community. By engaging with ITU’s key research priority areas, India aims to strengthen its capabilities in emerging telecom technologies, enhancing its role as a leader in global telecom research and standardization. This initiative will help India shape the future of telecommunications, ensuring its active participation in defining global standards and policies.

     

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Text of Vice-President’s Address at Indian Institutes of Science Education and Research (IISER), Mohali (Excerpts)

    Source: Government of India

    Posted On: 17 FEB 2025 6:48PM by PIB Delhi

    Good afternoon all of you. If there has been some disruption in your normal activity, because as Vice-President of the country, I take it as my prime obligation to connect with young minds and important institutions. It is from that perspective I solicited this invitation.

    I am grateful that it was accepted. Professor Anil Kumar Tripathi, Director IISER, a man who brings on the table huge experience, commitment, and in his brief address he has revealed the object, the performance and the potential. Professor Renu Vig, Vice-Chancellor, Punjab University, has two distinctions.

    One, she is the first ever woman Vice-Chancellor of the Punjab University, a very prestigious university. I am sure we can applaud her, and, she is the 14th Vice-Chancellor, appointed by a Chancellor, who happens to be the 14th Vice-President of the country, that’s myself. Both of us missed number 13 very narrowly. Professor R.P. Tiwari, Vice-Chancellor, Central University of Punjab. Have you noticed something unique here? There are three Vices. So, Professor Anil Kumar Tripathi can be happy and delighted. Unless he says that prefix of Vice does not mean vice as it is defined in the dictionary, I would not reflect upon myself. But I can assure you, Vice-Chancellor Renu Vig and Vice-Chancellor R.P. Tiwari have no Vices.

    This is a unique Institution and 7 being in number. Having been Governor in the State of West Bengal for three years, I am aware of these Institutions and the seminal role they play in the evolution of the heart. Every institution is defined by the faculty, and I greet members of the faculty who are very distinguished and are futuristic in their outlook, whatever little I have gathered. We as a nation can take pride that we have an unparalleled legacy unknown to other nations. That long, and if we traverse our civilisational journey of 5000 years, we will find Bharat had been glory of the world,epicenter of knowledge and culture. People from all over the world flocked in pursuit of knowledge. That is your motto. What a motto you have picked up. Nalanda, Taxila, people came from all over the world in search of knowledge, shared knowledge and wisdom.

    We at the moment are at a very critical juncture, and I say so with some amount of nostalgia. I got into the seat of governance 35 years ago when I was elected to Parliament (Lok Sabha) and had the good fortune to be a Minister. I know the situation there. The mood of the nation. Our worrisome foreign exchange disturbed Jammu and Kashmir. I saw it all around, and our government didn’t last long, not because of me. And what I see now, 180 degree difference. The nation has an environment of hope and possibility. Our global image is very high.

    Leadership of the Prime Minister is globally acknowledged. And we have traversed against heavy winds. Difficult terrain. From fragile five economies to the world’s largest five economies at the moment. Ahead of those who ruled us for centuries, the Great Britain. It is a matter of time. That we will be marching ahead of Japan and Germany also to be the third largest in about a year or so. Such a jump. When I was elected first in parliament I had no courage to dream. Then that was the time, young boys and girls, where a Member of Parliament felt really an authority because he or she could give 50 gas connections or 50 telephone connections in a year. Imagine where we have come. In the shortest possible time, 550 million people of the country benefited from banking inclusions. They never had that account.

    Over 100 million households have toilets. Cooking gas in every house, electricity in every house, internet in every remote corner, health centres and education centres around, road connectivity, everything is happening. World class infrastructure we are seeing of global benchmark, and therefore, as I said this morning also, no nation in the world has grown as fast in the last 10 years as Bharat. This has created a challenge. A challenge of aspirational youth. They want more. They are entitled to more because they have tasted development. They see it on the ground. They know that per capita internet consumption of India is more than that of US and China taken together, that speaks of our access to technology and adaptability of technology.

    When it comes to direct transfers, a service delivery driven by technology, our direct digital transactions are four times the combined transactions of USA, UK, France and Germany. We are a nation where global entities, International Monetary Fund, World Bank are appreciating us. I recall my days in 1990 as a minister.

    Our gold had to be shipped in an aeroplane to be placed to two banks in Switzerland because our foreign exchange was around 1 billion US dollars. Now it is 700 times. And not a cause of concern, and therefore, the challenge is how do we meet aspirations of our young minds and my message to young minds. Seriously, look around, the opportunity basket which for you is getting larger and larger by the day. Come out of these silos and groove that are defined jobs only with the government or working in a corporate.

    Startups, unicorns are doing wonders. Let me tell you, IITs and IIMs have given these unicorns. But about 50% are from other institutes. I know the potential this country has because I have been to ISRO. Seen for myself. I have seen emerging space economy, there I came to learn for the first time when our rocket had to be put in space. It was not from Indian soil, and now we put rockets of other countries, USA also, developed countries also, Singapore also, from our and make money. Good value for money. Chandrayaan, Gaganyaan – They are defining us.

    I had the good occasion to have discussion with S. Somnathan, ISRO chairman, he was till recently, now V. Narayanan. Their fire, their zeal, their commitment, very different. In Bangalore, Govindan Rangarajan, Indian Institute of Science, and Dr. Clyde Shelby. I had the occasion to see personally what kind of innovations are being done for larger public welfare by scientific and industrial research. I say so because a country’s reputation, image, power is to be defined by research.

    Research is the bedrock of economic supremacy and global distinction. There was a time when we did not bestow attention on research and we thought somebody will give it to us with a price. And that someone will decide how much to give, on what terms to give but now, we have changed that. Nations that lead in research have global respect in economy, in strategy. And countries depend on them. Just imagine how far we have gone when it comes to meteorological predictions. We are one of the best in the world. As Governor-General of West Bengal, and the state is prone to cyclones, super cyclones, there was no mortality on high seas. The prediction was very accurate. Scientific prowess defines strategic prowess. Conventional wars are gone.

    And we have an ancient legacy of having been researchers, discoverers, giving to the world right from zero in arithmetic or mathematics. Aryabhatta, Brahmagupta laid foundations of global mathematics. Our scientific pantheon, Raman known by Raman effect, Bose, Sarabhai, Chandrasekhar, Shah, Bhatnagar, and our former president, they define India’s research mind, orientation. They exemplify commitment to research. And look at those days, we were in colonial shackles. Raman effect discovered against colonial scepticism.

    It stands as a testament to our Indian scientific beliefs. Cutting edge research is demand of the times. And the research has to correlate to fulfil the needs of the society. A research that is to be put on the shelf, a research that is for the self, a research that embellishes the profile, a research that contributes only to credentials is not the research. A research that only scratches the surface is not the research. The research has to be authentic.

    The research must create a wave. It must have positive, cascading impact on the lives of the people. Industries, business, trade and commerce are driven by research. At the moment, boys and girls, we are living in times we never imagined. You are facing those times as much as I am doing. We call them Artificial Intelligence, Internet of Things, Blockchain, Machine Learning and the kind. Blockchain for some may be Blockchain. Machine Learning may be Machine Learning only. But look at the power these technologies have.

    And these technologies are known as disruptive technologies. But these technologies come with enormous challenges that can uproot us. But they come also with a basket of opportunities. And we must focus on unleashing opportunity out of these disruptive technologies. Our research has to come up to that mark. It is our good fortune that the government is alive to the situation.

    And we as a nation, home to one sixth of humanity, are at the moment focussing on these technologies. Our quantum computing. There is a reflection by the director. About 6 lakh or 8 lakh jobs will be created out of investment of 6 lakh crores. Quantum computing, there is allocation of 6,000 crores and 18,000 crores for green hydrogen mission. These are the opportunities for you people. Space economy, blue economy. These are the opportunities for you.

    And therefore research has to facilitate life of the ordinary person. To improve our industry, our administration. A nation of 1.4 billion and a rich human resource unrivalled in the world. If it is catalysed and activated by temperament of research, the results will be exponential, geometric and revolutionary. Because now Bharat is no longer a nation with a potential. Our rise is unstoppable for last few years.

    It is incremental. And therefore, there has to be a greater commitment that research in the country is in the big league, in the Platinum category. And for that, the faculty has to brainstorm. We cannot have satisfying moments. As reflected by a Greek philosopher much before Socrates’ era, Heraclitus, Boys and Girls, now we are having change every moment. Paradigm shift.

    We are virtually at an industrial revolution. Unknown to the humanity before. And if nations have to go ahead of others, we have to focus on research. There was a time in Silicon Valley otherwise we could hardly see an Indian. And there is now hardly a global corporate that doesn’t have an Indian man or woman at the peak. Our demographic dividend now requires universalist engineering, mathematics. And that is why, after more than three decades, a game-changing education policy was introduced. And that was to give you enough room so that you can go after your aptitude and distance from the package of just degrees.

    I will take the occasion to appeal to corporates that they must come forward to drive the engines of research. Liberally contribute because ultimately they are the beneficiaries. Alongside the government they should be making liberal contributions beyond their CSR funds. If you look at the global corporates, how much they invest you will be surprised. We take pride in the last five years. We have increased our research fiscal commitment in the corporates to 50% above.

    From 0.89% of their revenue to 1.32% of their revenue. I find it deficient. Investment has to be many times more. We take pride also because earlier things were not moving. Now things are moving. When things are moving, we notice a change. Patents have nearly more than doubled in the last ten years. But our patents must be in consonance with our demographic participation in the world. One-sixth we must have. Because we are one-sixth of humanity. And this one-sixth of humanity qualitatively is very different than one-sixth. And therefore, taking note of technology access and adaptability, we need to be in optimal performance mindset.

    Imagine a country where 100 million farmers, three times a year, get direct banking transfers. Young boys and girls were not aware, there was a time when corruption was the password for opportunity, recruitment or business licence. Power corridors were leveraged by lies and agents. All this neutralised. And neutralised also through technological applications. Because middlemen have been shown the door. So when I look at your institute, Director, science, education and research, the triangle, this defines your role. Pursuit of knowledge. It starts with education. Because education as a transformative vehicle is very powerful. It brings about equality. Any one of you can have unicorn and be in the big league of industry. You don’t have to look to the situation. That yes, my father was in the industry, that’s true. We need to fight by technology. That’s the sin we are facing. So education. In education, science is important.

    Because science unfolds your mind to generate creativity, innovation. And then the next step is research. A combination of these will unlock the enormous potential of Indian mind. Will make available avenues and vistas to our population. Every nation hopes to be self-reliant. But we as a nation are very large. Complex on occasions. When the nation is growing so fast, some of us, the number is very small. The traction is large. Put personal interest, commercial interest, political interest, above national interest. This can’t be allowed. This is unfair to boys and girls.

    This is unfair to everyone, because if in our democracy there is someone as a class more serious, significant stakeholder in democracy and growth, than any one of us sitting here, is the youth of the country. Because as we march for Viksit Bharat after 2047, you are the driving force behind engines of growth. And therefore we have to give new dimension now. Make in India, start up India. And look at technology. It has to get into healthcare.

    Technology has to get into education. Technology can catalyse that quality health and quality education is available to one and all. And if that happens, Bharat will be what it has been for centuries.Our lean period started in 12th century. Then marauders came, invaders came, recklessly destroyed our culture. They sacrileged our religious places to an extent that they put their own at the same place. Then came the Britishers who did not give us the education to rule ourselves. They gave us education and taught us history as suited to them. Now things have changed. We are much ahead of UK in economy. We have a bunch of institutions now all over the country. IITs, IIMs, Institutions like yours, and therefore we must have this ecosystem with ears and eyes on the ground. The litmus test is changing the life of the ordinary man. We all stand committed to that because that is our preamble.

    We the people of India want these things. I conclude for time constraint. What Vivekananda said, “Arise, awake, stop not till the goal is achieved”. A motto which you must have. From my side I can give it to you. Have no tension, Have no stress, Never fear failure. Failure is natural. Sometimes you will be surprised, Oh he has succeeded, he should not have succeeded, take it in stride. System is transparent, there will be aberrations. Sometimes you will find, Oh! my own success is unjustified. These are situations natural to us, and then Dr. Kalam whose heart was always in education. I recollect when he met his maker. He was with the students in the North East, and what he said I quote,

    “Dreams transform into thoughts, and thoughts result in action” and therefore my ultimate plea with you, If an idea occurs to you don’t allow your mind to be a parking ground for that idea because you fear you may fail. Get rid of it. Failure is a myth because there is no one who has not failed but they never took failure as failure. Chandrayaan 2 was failure for some who are critics, who are recipe for negativity. Chandrayaan II did not fail, It went that far, and Chandrayaan III did the rest. Let your innovations catalyse India’s scientific renaissance, and advance human progress because we are a country that believes in ‘Vasudhaiva Kutumbakam’ – One Earth, One Family, One Future, that was our motto to the entire world.

    Once again, I am grateful to the Director for making available this opportunity to me at a very short notice. I understand that there has been some inconvenience, I would urge that you overlook it.
    Thank you so much.

    *****

    JK/RC/SM

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: India Energy Week 2025

    Source: Government of India

    India Energy Week 2025

    Driving Global Energy Innovation and Collaboration for a Sustainable Future

    Posted On: 17 FEB 2025 6:47PM by PIB Delhi

    India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role.

    -Prime Minister Shri Narendra Modi

    A Global Energy Confluence

    India Energy Week (IEW) 2025, held from February 11 to 14, 2025, at the Yashobhoomi Convention Centre, New Delhi, is a premier global event in the energy sector. The event held under the patronage of the Ministry of Petroleum and Natural Gas and organized by the Federation of Indian Petroleum Industry (FIPI) has grown into the world’s second-largest energy conference.

    A Hub of Innovation and Transformation

    The India Energy Week exhibition has grown exponentially to become the world’s new meeting place for energy professionals, with millions of dollars of business conducted onsite, positioning it at the very heart of international business.

    A key facilitator of dialogue between international and regional producers, the event provides international exhibitors with the opportunity to network with key buyers from over 120 countries across the full energy value chain. Exhibitors will have the opportunity to showcase cutting-edge technologies that drive sustainable energy solutions, forge strategic partnerships, and explore opportunities to shape the future of energy.

    Defining Achievements of IEW 2025

     Key Focus Areas of IEW 2025

    • Energy Transition & Green Future: Major focus on biofuels, flex-fuel vehicles, ethanol blending, and green hydrogen. India is steadily progressing toward its goal of producing 5 million metric tons (MMT) of green hydrogen annually by 2030.
    • Exploration & Production (E&P) Reforms: Launch of Open Acreage Licensing Program (OALP) Round X, covering 200,000 sq. km, along with regulatory changes to boost investment in oil and gas exploration.
    • India-US Energy Cooperation: Strengthening LNG supply partnerships and increasing natural gas consumption in India’s energy mix from 6% to 15%.
    • Global Energy Investments: Expanding investments in oil and gas assets across Brazil, Venezuela, Russia, and Mozambique while benefiting from emerging oil sources.
    • Startup & Innovation Recognition: The Avinya’25 – Energy Startup Challenge, led by the Ministry of Petroleum and Natural Gas, awarded innovative startups for breakthroughs in CO₂ capture, ESG solutions, and renewable energy. The Vasudha – Oil and Gas Startup Challenge recognized overseas startups revolutionizing the upstream oil and gas sector with AI-driven solutions.

    Navigating the Nine Thematic Zones

    IEW 2025 introduced nine thematic zones, each focusing on different aspects of the energy sector:

    1. Hydrogen Zone – Hosted by Oil India Limited, showcasing cutting-edge innovations in hydrogen fuel generation.
    2. Biofuels Zone – Highlighting India’s advancements in Biodiesel, Bioethanol, Compressed Biogas, and Sustainable Aviation Fuel.
    3. Renewable Energy Zone – Featuring innovations in solar, wind, and other renewable energy technologies.
    4. LNG EcoSystem – Hosted by Petronet LNG, focusing on India’s downstream LNG supply chain and eco-friendly fuel solutions.
    5. Make in India Zone – Hosted by Engineers India Limited, highlighting indigenous energy manufacturing capabilities.
    6. City Gas Distribution Zone – Hosted by GAIL, emphasizing India’s rapid progress towards a gas-based economy.
    7. Petrochem Zone – Hosted by ONGC, showcasing advancements in petrochemical technologies and sustainable solutions.
    8. Innovation Zone – Featuring emerging startups and breakthrough technologies in energy.
    9. Digitalisation Zone – Showcasing AI, IoT, and automation in optimizing energy production and distribution.

    India: The Rising Energy Powerhouse

    India, the world’s third-largest energy consumer, is poised for the highest energy demand growth. Under PM Narendra Modi’s leadership, the nation is advancing towards a greener future with significant investments in secure, sustainable, and affordable energy. India Energy Week 2025 will serve as a key platform for global collaboration, driving discussions on energy security, innovation, and sustainability.

     

    A dynamic energy landscape

    India’s Path to Sustainability

    As a rapidly advancing economic powerhouse, India faces the twin challenge of surging energy demand while mitigating its carbon footprint. In response, Hon’ble Prime Minister Shri Narendra Modi launched the concept of “Panchamrit” at COP 26, representing a blend of five essential elements. “Panchamrit” underscores India’s commitment to addressing climate change and fostering sustainable growth on a global scale.

    Panchamrit: India’s Five Point Pledge Towards Climate Change

    1. India will take its non-fossil energy capacity to 500 GW by 2030
    2. By 2030, India will reduce the carbon intensity of its economy by less than 45%
    3. India will meet 50% of its energy requirements from renewable energy by 2030
    4. By the year 2070, India will achieve target of net-zero
    5. India will reduce the total projected carbon emissions by one billion tonnes till 2030

    Conclusion

    India Energy Week 2025 serves as a pivotal platform for global energy stakeholders to exchange ideas, foster partnerships, and witness India’s leadership in energy transition. As Shri Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, highlighted, IEW 2025 will act as a catalyst for groundbreaking projects in green hydrogen, solar advancements, and exploration technologies, reinforcing India’s commitment to sustainability and innovation. With a focus on transformative collaboration and investment, the event will shape the global energy agenda, positioning India at the forefront of energy security, technological progress, and a sustainable future.

    References

    Download in PDF

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    Santosh Kumar/ Sarla Meena/ Anchal Patiyal

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: The cumulative exports (merchandise & services) during April-January 2024-25 is estimated at USD 682.59 Billion, as compared to USD 636.69 Billion in April-January2023-24, an estimated growth of 7.21%.

    Source: Government of India (2)

    Categories24-7, Asia Pacific, Government of India, India, MIL OSI

    Post navigation

    Ministry of Commerce & Industry

    The cumulative exports (merchandise & services) during April-January 2024-25 is estimated at USD 682.59 Billion, as compared to USD 636.69 Billion in April-January2023-24, an estimated growth of 7.21%.

    The cumulative value of merchandise exports during April-January2024-25 was USD 358.91 Billion, as compared to USD 353.97 Billion during April-January2023-24, registering a positive growth of 1.39%.

    Non-Petroleum exports in January2025 valued at USD 32.86Billion registered an increase of14.47% as compared to USD 28.71Billion in January2024.

    The cumulative Non-Petroleum exports in April-January2024-25 valued at USD 305.84Billion registered an increased of7.90% as compared to USD 283.45Billion in April-January2023-24.

    Non-petroleum & Non-Gems & Jewellery exports registered an increase of 14.33% from USD 26.12 Billion in January2024 to USD 29.87 Billion in January2025.

    Major drivers of merchandise exports growth in January2025 include Electronic Goods, Engineering Goods, Drugs & Pharmaceuticals, Rice and Gems & Jewellery.

    Electronic Goods exports increased by 78.97 % from USD 2.29 Billion in January2024 to USD 4.11 Billion in January2025.

    Engineering Goods exports increased by 7.44 % from USD 8.77 Billion in January2024 to USD 9.42 Billion in January2025.

    Drugs & Pharmaceuticals exports increased by 21.46 % from USD 2.13 Billion in January2024 to USD 2.59 Billion in January2025.

    Rice exports increased by 44.61 % from USD 0.95 Billion in January2024 to USD 1.37 Billion in January2025.

    Gems & Jewelleryexports increased by 15.95 % from USD 2.59 Billion in January2024 to USD 3 Billion in January2025.

    Posted On: 17 FEB 2025 6:15PM by PIB Delhi

    • India’s total exports (Merchandise and Services combined) for January2025* is estimated at USD 74.97 Billion, registering a positivegrowth of 9.72 percent vis-à-vis January2024.Total imports (Merchandise and Services combined) for January2025* is estimated at USD 77.64 Billion, registering a positive growth of 12.98 percent vis-à-vis January2024.

     

    Table 1: Trade during January2025*

     

     

    January2025

    (USD Billion)

    January2024

    (USD Billion)

    Merchandise

    Exports

    36.43

    37.32

    Imports

    59.42

    53.88

    Services*

    Exports

    38.55

    31.01

    Imports

    18.22

    14.84

    Total Trade

    (Merchandise +Services) *

    Exports

    74.97

    68.33

    Imports

    77.64

    68.72

    Trade Balance

    -2.67

    -0.39

    * Note: The latest data for services sector released by RBI is for December2024. The data for January2025 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-January2023-24 and April-September2024 has been revised on pro-rata basis using quarterly balance of payments data.

    Fig 1: Total Trade during January2025*

    • India’s total exports during April-January2024-25* is estimated at USD 682.59 Billion registering a positive growth of 7.21 percent. Total imports during April-January2024-25* is estimated at USD 770.06 Billion registering a growth of 8.96 percent.

    Table 2: Trade during April-January2024-25*

     

     

    April-January2024-25

    (USD Billion)

    April-January2023-24

    (USD Billion)

    Merchandise

    Exports

    358.91

    353.97

    Imports

    601.90

    560.27

    Services*

    Exports

    323.68

    282.71

    Imports

    168.17

    146.48

    Total Trade

    (Merchandise +Services) *

    Exports

    682.59

    636.69

    Imports

    770.06

    706.75

    Trade Balance

    -87.47

    -70.06

    Fig 2: Total Trade during April-January2024-25*      

        

    MERCHANDISE TRADE

    • Merchandise exports during January2025 were USD 36.43 Billion as compared to USD 37.32 Billion in January2024.
    • Merchandise imports during January2025 were USD 59.42 Billion as compared to USD 53.88 Billion in January2024.

     

    Fig 3: Merchandise Trade during January2025

    • Merchandise exports during April-January2024-25 were USD 358.91 Billion as compared to USD 353.97Billion during April-January2023-24.
    • Merchandise imports during April-January2024-25 were USD 601.90 Billion as compared to USD 560.27 Billion during April-January2023-24.
    • Merchandise trade deficit during April-January2024-25 was USD 242.99 Billion as compared to USD 206.29 Billion during April-January2023-24.

    Fig4: Merchandise Trade during April-January2024-25

    • Non-petroleum and non-gems & jewellery exports in January2025 were USD 29.87Billion compared to USD 26.12Billion in January2024.
    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in January2025 were USD 41.20Billion compared to USD 34.23Billion in January2024.

     

    Table 3: Trade excluding Petroleum and Gems & Jewellery during January2025

     

    January2025

    (USD Billion)

    January2024

    (USD Billion)

    Non- petroleum exports

    32.86

    28.71

    Non- petroleum imports

    45.99

    38.35

    Non-petroleum & Non-Gems & Jewellery exports

    29.87

    26.12

    Non-petroleum & Non-Gems & Jewellery imports

    41.20

    34.23

    Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

    Fig 5: Trade excluding Petroleum and Gems & Jewellery during January2025

    • Non-petroleum and non-gems & jewellery exports in April-January2024-25 were USD 281.46 Billion, compared to USD 256.56 Billion in April-January2023-24.
    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-January2024-25 were USD 378.34 Billion, compared to USD 354.86 Billion in April-January2023-24.

    Table 4: Trade excluding Petroleum and Gems & Jewellery during April-January2024-25

     

    April-January2024-25

    (USD Billion)

    April-January2023-24

    (USD Billion)

    Non- petroleum exports

    305.84

    283.45

    Non- petroleum imports

    447.06

    414.77

    Non-petroleum &Non Gems& Jewellery exports

    281.46

    256.56

    Non-petroleum & Non Gems & Jewellery imports

    378.34

    354.86

    Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

    Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-January2024-25

    SERVICES TRADE

    • The estimated value of services export for January2025* is USD 38.55 Billion as compared to USD 31.01Billion in January2024.
    • The estimated value of services imports for January2025* is USD 18.22 Billion as compared to USD 14.84Billion in January2024.

    Fig 7: Services Trade during January2025*

    • The estimated value of service exports during April-January2024-25* is USD 323.68 Billion as compared to USD 282.71 Billion in April-January2023-24.
    • The estimated value of service imports during April-January2024-25* is USD 168.17 Billion as compared to USD 146.48 Billion in April-January2023-24.
    • The services trade surplus for April-January2024-25* is USD 155.52 Billion as compared to USD 136.23 Billion in April-January2023-24.

    Fig 8: Services Trade during April-January2024-25*

    • Exports ofOther Cereals  (103.2%), Electronic Goods (78.97%), Tobacco (59.18%), Coffee (57.07%), Rice (44.61%), Jute Mfg. Including Floor Covering (40.67%), Meat, Dairy & Poultry Products (35.66%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (27.71%), Tea (21.97%), Drugs & Pharmaceuticals (21.46%), Handicrafts Excl. Hand Made Carpet (19.49%), Carpet (18.04%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (16.41%), Gems & Jewellery (15.95%), Plastic & Linoleum (13.31%), Man-Made Yarn/Fabs./Made-Ups Etc. (12.14%), Rmg Of All Textiles (11.45%), Cereal Preparations & Miscellaneous Processed Items (11.13%), Ceramic Products & Glassware (10.44%), Marine Products (7.98%), Engineering Goods (7.44%), Cashew (6.85%), Leather & Leather Products (6.37%), Spices (2.32%) and Fruits & Vegetables (0.81%) record positive growth during January2025 over the corresponding month of last year.
    • Imports of Project Goods (-48.14%), Pearls, Precious & Semi-Precious Stones (-29.11%), Coal, Coke & Briquettes, Etc. (-15.22%) and Petroleum, Crude & Products (-13.49%) record negative growth during January2025 over the corresponding month of last year.
    • Services exports is estimated to grow by 14.49percent during April-January2024-25* over April-January2023-24.
    • Top 5 export destinations, in terms of change in value, exhibiting positive growth in January2025 vis a vis January2024 are U S A (39.02%), Japan (53.53%), Bangladesh Pr (17.27%), U K (14.84%) and Nepal (20.84%).
    • Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-January2024-25 vis a vis April-January2023-24 are U S A (8.95%), U Arab Emts (6.82%), Netherland (9.17%), U K (14.17%) and Japan (21.12%).
    • Top 5 import sources, in terms of change in value, exhibiting growth in January2025 vis a vis January2024 are China P Rp (17.06%), Thailand (136.63%), U S A (33.46%), Germany (72.15%) and U K (101.62%).
    • Top 5 import sources, in terms of change in value, exhibiting growth in April-January2024-25 vis a vis April-January2023-24 are U Arab Emts (35.58%), China P Rp (10.6%), Russia (7.17%), Switzerland (16.61%) and Thailand (32.59%).

    *Link for Quick Estimates

    ***

    Abhishek Dayal /  Abhijith Narayanan

    (Release ID: 2104150)

    MIL OSI Asia Pacific News –

    February 18, 2025
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