NewzIntel.com

Category: Europe

  • MIL-OSI Russia: Financial news: 02/13/2025, 10:06 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the SU26246RMFS7 security (OFZ 26246) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    02/13/2025

    10:06

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 13.02.2025, 10-06 (Moscow time), the values of the upper limit of the price corridor (up to 83.44) and the range of market risk assessment (up to 924.6 rubles, equivalent to a rate of 12.5%) of the SU26246RMFS7 security (OFZ 26246) were changed.

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

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

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 02/13/2025, 10:06 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the SU26225RMFS1 security (OFZ 26225) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    02/13/2025

    10:06

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 13.02.2025, 10-06 (Moscow time), the values of the upper limit of the price corridor (up to 62.81) and the range of market risk assessment (up to 678.61 rubles, equivalent to a rate of 13.75%) of the SU26225RMFS1 security (OFZ 26225) were changed.

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

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

    HTTPS: //VVV. MOEX.K.MO/N77599

    MIL OSI Russia News –

  • MIL-OSI Economics: Burkhard Balz: Envisioning tomorrow – the role of CBDCs in Europe’s digital financial ecosystem

    Source: Bank for International Settlements

    Check against delivery 

    1 Introduction

    Good morning ladies and gentlemen and thank you very much for your warm welcome.

    I am honoured to have been invited back to this year’s Frankfurt Digital Finance Conference in this wonderful building here in Frankfurt’s Palmengarten and to have been asked to hold a keynote to kick off today’s event.

    Allow me to begin my keynote this morning with a quote attributed to Oscar Wilde: The future belongs to those who recognise opportunities before they become obvious. These words, ladies and gentlemen, could not be any better suited to our financial ecosystem. 

    And it is precisely opportunities that I wish to address in my keynote today – the opportunities provided by central bank digital currencies, or CBDCs for short. A subject that is as timely as it is significant.

    2 The future is digital

    We are at the cusp of a new era. One in which the digitalisation of the financial sector is not just an option but a necessity. New technologies are venturing into the realm of payments and new forms of money, such as digital central bank currencies and stablecoins, are also emerging as alternatives to physical cash.

    These developments all pose new challenges for central banks. Ultimately, central banks must continue to ensure secure and efficient payments in line with their mandate and redefine their role in an increasingly digitalised world in order to maintain the public’s trust in our monetary system.

    The question that we therefore now face is: how do we respond to these technological challenges?

    And that is precisely why we in the Eurosystem – by that I mean the European Central Bank and the national central banks of the euro-area member states, including the Bundesbank – are taking a proactive approach to actively help shape the future of Europe’s digital financial ecosystem.

    3 What are we aiming to achieve with the introduction of a digital euro?

    One could argue that the Eurosystem already offers enough sufficiently well-functioning products, be it physical banknotes and coins or cashless payment instruments. After all, these have proven their worth for decades. Yet at the same time, we cannot simply ignore the evolving world around us. In an increasingly digitalised society, we must adapt to the changing needs and demands of consumers and rethink our payment services. 

    Let me outline the three key motivations behind the possible introduction of a retail CBDC in Europe – a digital euro, which we sometimes like to summarise as resilience, autonomy and efficiency.

    Let me first start with resilience. The foundation of an independent and efficient monetary policy is the adoption and use of the euro. By providing our common currency – the euro – in its form as legal tender and as a modern “all-in-one” digital payment solution, we are paving the way for our currency to enter the digital age, making it “future-proof” and fit for purpose in an increasingly digital society.

    The digital euro would thereby help to preserve the euro’s fulfilment of the core monetary functions and shield the euro area from competing foreign currencies as well as foreign – and potentially unregulated – stablecoins by safeguarding the anchor function of central bank money.

    Second, the digital euro is necessary to improve the autonomy of the European payment system. In its current form, the European payments landscape is highly dependent on non-European providers. Almost 25 years after the introduction of the euro, we still do not have a digital payment solution that can be used across the entire euro area and that runs on a European infrastructure, which, in my view, is not compatible with the concept of a single European market. Although a small number of successful payment innovations have emerged across the euro area over the past years, such as iDEAL in the Netherlands or BIZUM in Spain, the reach of these payment solutions usually ends at national borders.

    As a result, payments in Europe are largely dependent on international schemes, primarily those in the United States. At present, just under two thirds of all card payments in the euro area are processed by non-European providers. And I believe that Europe’s dependencies in the digital age are likely to increase if we do not fundamentally take matters into our own hands. 

    Third, is the issue of efficiency. By creating a pan-European payment rail in a technically modern form, we would foster competition and innovation in payments across Europe, which we believe is the best path towards efficiency in payments. The payment initiatives we have today, such as BIZUM or WERO, would be able to integrate the digital euro into their payment applications, thereby enabling them to gain instant European reach.

    4 What would a digital euro be for the common citizen?

    Although the issues I have just touched upon are very important, they are not necessarily of primarily relevance for the daily life of a majority of citizens in Europe. Hence, what would the digital euro be from the perspective of the customer?

    I believe that the digital euro would not just be a commitment to Europe’s autonomy, increase the resilience of our payment system and foster competition and innovation, it would also improve payments and make life easier for the 350 million residents of the euro area.

    The digital euro would serve as an additional means of payment alongside cash. As a digital upgrade of banknotes and coins, it would be an “all-in-one payments solution”, as we like to call it, which means it can be used in almost all everyday payment situations, including at retail checkouts, transactions among family and friends, online purchases, and payments to or from public authorities. Furthermore, it would be the first digital currency which could be used both online and offline. That is to say, also in the event of a loss of internet reception.

    Moreover, the design of the digital euro would ensure that it would offer the highest possible level of user privacy, comparable only to cash. No other digital means of payment in Europe currently offers all these features.

    Despite the many benefits the digital euro would bring for Europe as a whole, we must, nevertheless, proceed with caution. The introduction of a digital euro raises important questions about privacy, security, and the impact on financial stability and monetary policy. We must ensure that the digital euro upholds the highest standards of data protection, that it is resilient against cyber threats, and that it does not have a negative impact on financial stability.

    5 Wholesale CBDC

    Digitalisation raises questions not only in terms of how we intend to continue providing access to central bank money for our European citizens in future, but also in terms of how we intend to supply money to our wholesale customers. It is and will remain essential that we are able to settle digital transactions using new and innovative technologies, such as distributed ledger technology (DLT) in central bank money. An entire ecosystem is currently evolving around the tokenisation of securities, which involves all parts of the financial system.

    Like other financial players, the Bundesbank, and also the Eurosystem as a whole, see the significant benefits that the use of these new technologies can bring. The advantages of DLT, such as automated settlement by means of smart contracts and reduced reconciliation needs, are clear.

    But to fully harness this potential, we also need an innovative settlement mechanism for the cash leg – one which settles transactions in central bank money. We are therefore working on developing wholesale solutions that enable banks to settle DLT-based financial market transactions in central bank money. 

    The Eurosystem recently completed an exploration phase together with the market, which ran from May to November 2024, during which we tested various new technologies for wholesale central bank money settlement using real transactions. The Bundesbank also participated in this exploration phase with its “Trigger solution”, which builds a bridge between DLT platforms and the conventional TARGET payment system. The feedback we have received from the market so far has been very positive. I think we can already say that the exploration phase was a complete success.

    The anticipated benefits of DLT are seen as having the potential to address and overcome the ecosystem’s current shortcomings, such as fragmentation, complexity, over-intermediation, and technological inefficiencies, which hinder the growth of a digital capital markets union. 

    By developing a new ecosystem from the ground up, it could be made more integrated and harmonised, featuring a “common set of rails” – a shared ledger or a network of fully interoperable ledgers – that would guarantee reachability, open access, and compatibility across the services of all participants.

    Our primary focus is now on implementing a short-term wholesale solution to meet the immediate and growing demands of the market. This will buy us some much-needed time to continue working on a vision for a long-term solution for wholesale CBDC. A solution which must ultimately go hand in hand with the evolving financial market ecosystem.

    6 Business-to-business (B2B) payments

    Alongside its work into the possible introduction of a digital euro and the exploration of wholesale CBDC, the ECB, together with the Eurosystem, has also been turning its focus to another area of payments – one which is increasingly gaining traction: business-to-business payments, or B2B payments for short.

    To fully leverage the potential of the evolving payments landscape in the area of CBDCs, last October the ECB organised a special focus workshop on innovations in B2B payments and the role central bank money could play. 

    This workshop provided a one-of-a-kind platform to learn more about the potential use cases out there in the market. Given the high level of interest shown in the first focus workshop, I’m sure this will not be the last one of its kind.

    7 Outlook

    Ladies and gentlemen,

    The introduction of the digital euro and the exploration of wholesale CBDC and B2B use cases are not just a technical exercise, but a clear commitment to the innovative strength and competitiveness of Europe.

    The Bundesbank and the Eurosystem are determined to play an active role in shaping this digital transformation.

    It is, however, crucial that we continue working together and pool our resources and expertise in order to fully exploit the opportunities offered by digitalisation to create a strong, stable and future-proof digital financial ecosystem for Europe.

    Thank you for your attention.

    MIL OSI Economics –

  • MIL-OSI: Altus Group Releases its Q4 2024 Pan-European Dataset Analysis on CRE Valuation Trends

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 13, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released its Q4 2024 Pan-European dataset analysis on European property market valuation trends.

    Each quarter, Altus Group centralizes and aggregates CRE valuation data for the European market, pulling insights into the factors driving commercial property valuations. The Q4 2024 aggregate dataset included Pan-European open-ended diversified funds, representing €29 billion in assets under management. The funds cover 17 countries and primarily span the industrial, office, retail and residential property sectors.

    “The latest data across the Pan-European valuation dataset suggests that real estate markets in parts of Europe are entering a recovery phase, with values now rising for two consecutive quarters after two years of declines,” said Phil Tily, Senior Vice President at Altus Group. “The industrial and residential sectors led the rebound in the fourth quarter of 2024, with yield stabilization and improving cashflows signalling a more positive market outlook moving forward.”

    Commercial property values across the Pan-European valuation dataset increased for the second consecutive quarter in Q4, rising 0.8% over Q3, with all sectors seeing gains, albeit with a mixed set of results from a yield and cashflow perspective. Values rose 0.4% overall in 2024, as gains in Q3 and Q4 offset declines from the first half of the year, driven mainly by industrial, residential, and other property categories.

    Key highlights by sector include:

    • Industrial: The industrial sector was the top performer in Q4 with a 1.0% value increase over Q3 2024 and 1.6% annually. The improvement was supported by a positive pricing adjustment with yields declining, although cashflow fundamentals eased as rental growth slowed during the back end of the year. The largest valuation gains were reported in Germany.
    • Residential: Residential values rose by 0.9% in Q4 and 1.4% for the full year – both above average. The improvement was driven by comparatively strong cash flow fundamentals with above-average rent growth. Values in the two largest residential markets in the dataset, the Netherlands and Germany, continued to strengthen, increasing 1.0% and 0.8% respectively in the quarter.
    • Office: Office values rose 0.8% over Q3 2024, up for two consecutive quarters now. Further yield expansion, reflecting ongoing investor caution towards the sector, was counterbalanced by strengthening cashflow resulting in office values continuing to rise over the quarter. Sweden was the standout performer in this sector in Q4.
    • Retail: After leading performance in Q3 2024, the retail sector saw only modest growth in Q4, with values still rising 0.3%. Rising yields held back values for high street stores and shopping centres, while falling yields for retail warehouses helped boost values by 1.9%.
    • Other: Outside of the main sectors, hotels had another strong quarter, with positive investor sentiment driving yield improvements and above-average value growth.

    For detailed review of the sector trends by asset class, please click here.

    About Altus Group

    Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 1,900 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit www.altusgroup.com.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Elizabeth Lambe
    Director, Global Communications, Altus Group
    +1-416-641-9787
    elizabeth.lambe@altusgroup.com

    The MIL Network –

  • MIL-OSI United Kingdom: CNC celebrates National Apprenticeship Week

    Source: United Kingdom – Executive Government & Departments

    In its first year, the Civil Nuclear Constabulary (CNC) apprenticeship programme has reached the 100-apprentice milestone.

    Chief Constable Simon Chesterman meeting AFOs.

    Announced last year during National Apprenticeship Week, the Level Four Non-Home Office Police Officer Apprenticeship (NHOPOA) trains recruits to the National Police Firearms Training Curriculum and takes place across our delivery centres in Oxfordshire and Cumbria.

    The first 19 weeks of the course is a residential Initial Foundation Programme which includes our highly regarded firearms training, and for the remaining 20 months of the course recruits are posted as Authorised Firearms Officers (AFOs) at nominated Operational Policing Units (OPUs) to complete a portfolio of evidence to demonstrate their policing ability. After passing an End Point Assessment, the apprentices are confirmed in rank. 

    The celebrations continue this week as the CNC can announce that it recently passed its first Ofsted inspection, receiving praise for its training, practices, and positive recommendations for the future. This achievement demonstrates the force’s commitment to the learning and development of our people.

    Chief Superintendent, Sheree Owen, Head of Training, reflects positively on the recent Ofsted inspection: “I am delighted with the outcome of the recent no-notice monitoring visit by Ofsted, the final grading for this will be published by Ofsted in the next two months.

    “The feedback from inspectors was very positive, and highlighted the huge effort put into delivering this from many across the CNC, those within the training division, from policing skills instructors and NFIs, the Professional Development Units and tutor constables to the HQ staff who supported the project, the planners, finance team and operational support colleagues.

    “We look forward to our full inspection in the next eighteen months.”

    Inspector Stuart Rodgers, Apprenticeship Manager, also said: “My thanks to the apprentices for their hard work and commitment to learning new knowledge and skills, everyone at our training venues and to all those tutors who volunteer their time and effort to ensure our new people settle in well and complete their work to a high standard.”

    Updates to this page

    Published 13 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: City leaders join as ‘One Stoke-on-Trent’ following August protests

    Source: City of Stoke-on-Trent

    Stoke-on-Trent today (Thursday 13 February) launches a major government-backed community campaign aimed at bringing together all communities as “One Stoke-on-Trent”.

    The year-long campaign unites leaders from the city council, police, fire services, NHS, schools and colleges, local football teams, the media, and faith and voluntary sectors.

    It is backed by £600,000 of funding from the Ministry of Housing, Communities and Local Government’s Community Recovery Fund.

    Some £240,000 of that money will be made available through a community grant scheme to amplify initiatives that promote cohesion and bring people together. Three categories of grant will be on offer: small (£500-£1,000), medium (£1,000-£5,000) and large (£5,000-£10,000).

    Separately, the campaign will include a major engagement and “listening” exercise, working with residents and business to explore crucial questions about the city’s collective identity and what more needs to be done to make Stoke-on-Trent a place where everyone feels welcome, and can thrive.

    Key messages from the campaign will be promoted by partners, making clear that Stoke-on-Trent is committed to being a welcoming city, which believes in fair opportunity for everyone and sees diversity as a strength.

    The grants will be administered by the Community Foundation for Staffordshire and Shropshire, supported by VAST – a charity dedicated to helping to improve the quality of life for local communities – which will provide dedicated support to grassroot groups looking to apply for funding and deliver projects.

    One Stoke-on-Trent has been developed on the back of public disorder in August 2024, which saw hundreds of protestors and counter-protesters descend on Hanley city centre. The incident was one of several national protests which took place last summer following the devastating murder of three young girls in Southport.

    Councillor Jane Ashworth, the leader of Stoke-on-Trent City Council, said: “We have made it clear that everybody in Stoke-on-Trent has a right to feel and be safe – and that prejudice and discrimination are not welcome here, but we know that more needs to be done to understand the individual challenges facing our local communities.

    “This will mean confronting some uncomfortable realities, engaging in difficult but necessary conversations and managing misinformation that can so easily spread hate and division.

    “As we mark our city’s Centenary, we also need to recognise the contributions our diverse communities are making to our city and celebrate our unique history, heritage and individual character of each of our six towns.

    “Our goal is to foster a greater sense of pride, trust and belonging among all residents regardless of their origin, background, race or religion.”

    Fahmida Rehman, CEO of Stepping Stones Community Organisation, said: “The clear message emerging from this partnership is one of inclusivity and respect.

    “Stoke-on-Trent is a city where everyone, regardless of their background, deserves to feel safe, valued, and heard. 

    “The multi-agency approach – bringing together council leaders, local services and community organisations like ours – signals a commitment to real, sustainable change.

    “This is about more than just addressing the immediate concerns; it is about fostering long-term resilience, ensuring that prejudice and discrimination have no place in our city, and nurturing a future where all communities can thrive equally.”

    Superintendent Dave Wain, of Staffordshire Police, said: “We know our communities in Stoke-on-Trent want to see more visible policing and for us to take robust action to address the issues that matter to them.  

    “We recognise that policing is only part of the solution and that is why we’re looking forward to working with our partners to tackle key community priorities.”

    Matt Hancock, Chief Executive at Port Vale, said: “As a football club at the very heart of a diverse community within Stoke-on-Trent, we are fully supportive of the One Stoke-on-Trent initiative and committed to continuing to bring people together.

    “We want our city to be a safe and welcoming environment for everyone, and are proud to be working collaboratively to deliver this strong message.”

    Leanne Macpherson, Head of Programmes at the Community Foundation for Staffordshire and Shropshire, said: “We are pleased to be able to work with so many partners across the city to launch the grants scheme to support our local communities. 

    “It will empower organisations to deliver impactful projects, to build social trust, and strengthen community resilience and cohesion. By supporting grassroots initiatives, we can create more connected, inclusive and resilient communities.”

    To learn more about the community grant scheme, or to apply, visit: https://staffordshire.foundation/grants/one-stoke-community-grants/

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Partnership work leads to trader sentencing in illegal tobacco crackdown

    Source: City of Stoke-on-Trent

    Published: Thursday, 13th February 2025

    A trader in Stoke-on-Trent has been sentenced following a crackdown on illegal tobacco.

    The operation was thanks to partnership working between Stoke-on-Trent City Council’s Trading Standards team and Staffordshire Police.

    Ismail Mohammed, who ran ‘Waterloo Stores’ at 80 Waterloo Road, Burslem, received a nine-month suspended sentence, 100 hours of unpaid work, and had his tobacco and cash seized.

    The sentencing took place on Wednesday, 6 February 2025, at Stoke-on-Trent Crown Court, following Mr. Mohammed’s conviction on 8 July 2024. He pleaded guilty to the possession of criminal property (£6,310 in cash) and to entering into an arrangement to acquire, use, or control criminal property – in this case counterfeit and non-duty-paid tobacco.

    It follows a successful investigation which began in 2019, into illegal tobacco sales at the shop, leading to a raid on residential properties in Hanley.

    Officers seized 1,390 packs of illegal cigarettes and £17,000 in cash. Undercover test purchases also confirmed illegal tobacco sales at the Waterloo Road store.

    Councillor Amjid Wazir OBE, cabinet member for city pride, enforcement and sustainability at Stoke-on-Trent City Council said: “This case is another great example of partnership work making Stoke-on-Trent a safer place. The work carried out by our Trading Standards team sends a clear message—illegal tobacco sales will not be tolerated. Those involved in the storage, distribution, or sale of illicit tobacco will face serious consequences.

    “The trade in illegal tobacco harms legitimate businesses, provides a cheap source of cigarettes for children and young people, and undermines efforts to reduce smoking rates. Illegal tobacco sales are also often linked to wider criminal activity.

    “Our message is clear, those engaging in crime will be held accountable. We are committed to making Stoke-on-Trent a greener, fairer, cleaner, and safer city for all.”

    Inspector Victoria Ison, from the Stoke North local policing team, said: “We are pleased to support the local authority and Trading Standards in their work to disrupt the sale of illegal tobacco and cigarettes.

    “These items not only risk public health, but also have a significant impact on legitimate sellers and local businesses who are operating within the law.

    “We hope the outcome reassures the community we are committed to working with partners to tackle this issue and associated criminality.”

    Mr. Mohammed had previously been prosecuted for selling counterfeit cigarettes at another Stoke-on-Trent shop, where he was fined.

    Anyone concerned about illegal tobacco, underage sales, or restricted products such as knives and vapes can report them through the Trading Standards hotline at 01782 238444 or visit www.stoke.gov.uk/tradingstandards  

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Geosciences and engineering in the spotlight as major international conference heads to Aberdeen Thousands of visitors are expected to gather in the North-east of Scotland next year as Europe’s leading geosciences conference and exhibition makes its Aberdeen debut.

    Source: University of Aberdeen

    The premier event will bring together professionals, academics and industry leaders to discuss the latest advancements in geoscience and engineering.Thousands of visitors are expected to gather in the North-east of Scotland next year as Europe’s leading geosciences conference and exhibition makes its Aberdeen debut.
    Boundary-breaking research and cutting-edge technological advances will be among the University of Aberdeen’s offering when the European Association of Geoscientists and Engineers (EAGE) hosts its 87th Annual Conference & Exhibition in Aberdeen from 8-11 June 2026.
    The premier event will bring together professionals, academics and industry leaders to discuss the latest advancements in geoscience and engineering.
    Professor John Underhill, Director for Energy Transition at the University, played a part in securing the event for the city: “It has been a great pleasure to bring this conference and exhibition to Aberdeen for the first time since its inception in 1951,” he said.
    “As a former EAGE President, I’m aware of the size and significance of attracting an event of this size and scale to Aberdeen. The event will bring several thousand delegates to the city, underlining how important the city’s energy transition journey is viewed across Europe and delivering an economic boost to hotels, restaurants and other businesses.”
    The EAGE Annual Conference & Exhibition is renowned for its comprehensive technical programme, expansive exhibition, and numerous networking opportunities. Attendees can look forward to engaging sessions, workshops and presentations that highlight the latest research and technological developments in the field.
    Marcel van Loon, Chief Executive Officer of EAGE, expressed his enthusiasm: “Aberdeen has long been a hub for energy expertise and innovation. Hosting our 87th Annual Conference & Exhibition in this city underscores our commitment to fostering collaboration and knowledge exchange in regions pivotal to the geoscience community.”
    The conference will be held at the P&J Live convention centre in Aberdeen under the support of energy major BP as host.
    Ariel Flores, SVP Subsurface at BP and Chair of EAGE 2026 Local Advisory Committee said: “We are excited to announce a new partnership between BP and EAGE for the 87th Annual Conference & Exhibition.
    “As the official host and main sponsor, BP is dedicated to fostering innovation and collaboration within the engineering, energy and geoscience community. This agreement marks a significant milestone in advancing the future of our industry.”
    For more information and updates on the conference, visit the official EAGE Annual website at https://eageannual.org/future-edition/.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: House price report for the fourth quarter 202413 February 2025 ​The house price report for the fourth quarter 2024 has been published today by Statistics Jersey. The Jersey House Price Index measures the combined average price of 1- and 2-bedroom flats together with… Read more

    Source: Channel Islands – Jersey

    13 February 2025

    ​The house price report for the fourth quarter 2024 has been published today by Statistics Jersey.

    The Jersey House Price Index measures the combined average price of 1- and 2-bedroom flats together with 2-, 3- and 4-bedroom houses. The index includes properties transacted through the Royal Court as well as share transfer properties.

    Context

    2023 saw a significant proportion of transactions (39%) take place as the result of completions occurring in new developments. In contrast, 2024 saw a much lower proportion of transactions (9%) take place as the result of new developments. Adjusting for this, the level of turnover in 2024 would be 25% higher when compared to 2023 (rather than 16% lower), when excluding new builds in both years. 

    It is worth noting that phases one and two of the First Step scheme completed sales during Q3 2024 and Q4 2024 respectively. 33 HPI eligible properties (around 5% of annual turnover) were sold as part of the scheme and assisted with the sale of 9 further properties indirectly, because of chains started by First Step purchases. ​​

    Annual Summary

    In 2024: 

    • on a calendar year basis:
      • the Jersey House Price Index was 8% lower than in 2023, which was:
        • the largest annual decrease in price since at least 1986
      • all property types saw decreases in annual mean and median prices
      • advertised private sector rental prices were 1% lower than in 2023
      • turnover of properties was 16% lower compared with 2023, due to decreased sales of flats (down by 42%); 2024 saw the lowest annual turnover since at least 2002 
    • overall housing affordability improved on an annual basis:
      • all property types were more affordable to purchase than in 2023
      • a working household with mean net income was able to service a mortgage affordably on the purchase price of a median-priced 1-bedroom flat
      • a working household with mean net income was not able to service a mortgage affordably on the purchase price of a median-priced house of any size or a 2-bedroom flat
      • the ratio of median dwelling price to equivalised median household income in Jersey was lower compared to 2023 for all property types

    Quarterly Summary 

    In the fourth quarter of 2024:

    • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q4 2024 was 1% lower when compared with the previous quarter (year ending Q3 2024)
    • on a quarterly basis:
      • the seasonally adjusted mix-adjusted average price was 1% higher than in the previous quarter and 5% lower than in the corresponding quarter of 2023 (Q4 2023)
      • the HPI was 10% lower than the peak in prices seen in Q2 2022
      • 1- and 2-bedroom flats saw an increase in their mean price compared to the previous quarter
      • 2- and 4-bedroom houses saw a decrease in price compared with the previous quarter
      • 3-bedroom houses were essentially unchanged compared with the previous quarter
    • the turnover of properties was 7% higher than in Q4 2023 and 9% higher than in the previous quarter (Q3 2024) 
    • overall housing market activity, on a rolling four-quarter basis, was essentially unchanged compared with the previous quarter (Q3 2024) and 23% lower than in the corresponding quarter of 2023
    • on a rolling four-quarter basis, advertised private sector rental prices were essentially unchanged during the year ending Q4 2024 compared with the year ending Q3 2024​

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: The Walled City Music Festival returns this March for its seventeenth edition, bringing world-class

    Source: Northern Ireland – City of Derry

    The Walled City Music Festival returns this March for its seventeenth edition, bringing world-class

    13 February 2025

    Co-Artistic Directors Cathal Breslin (Derry) and Sabrina Hu (USA) have once again curated a fantastic feast of music welcoming guest artists Finghin Collins (piano), Kristīne Balanas (violin), Gerard McChrystal (saxophone), The Creviston Duo (saxophone/piano) and the Hellas Ensemble from Derry.

    Gala concerts will take place in the stunning setting of the Great Hall at Ulster University Magee and audiences will be treated to varied programmes of classical music from across the ages and right up to the present day.

    On Thursday 13 March, Finghin Collins and Cathal Breslin will present Mozart, Rachmaninov and Milhaud for two pianos, along with a very special performance of a selection of movements from Gustav Holst’s much-loved The Planets.

    Friday 14 March will see a dazzling display from two of the world’s top saxophone artists, Gerard McChrystal (Derry) and Christopher Creviston (USA), alongside pianist Hannah Creviston and WCMF Co-Artistic Director Sabrina Hu (flute). The ensemble will perform a brilliant programme of music from the Americas to Europe, including music by Jean-Baptiste Singelée, Charles Koechlin, Andy Scott, and Irish composers Linda Buckley and Michael McGlynn.

    On Saturday 15 March, Latvian street musician and rock singer turned virtuoso violinist, Kristīne Balanas, will delight with a passionate and elegant performance of Bach, Beethoven, Brahms and Ravel on her 1694 ‘Rutson’ Stradivarius violin alongside Co-Artistic Director Cathal Breslin (piano).

    Closing the Festival on Sunday 16 March, audiences can experience the beauty of music and poetry intertwined in a captivating lunchtime performance inspired by Seamus Heaney’s Sonnets from Hellas. The Hellas Ensemble, founded by Greek and Irish bouzouki players and composers Nikos Petsakos and Martin Coyle, celebrate Heaney’s love of Greece and its profound influence on his work, with narration from Derry-born TV and theatre actor, Ruairi Conaghan.

    For tickets and information visit walledcitymusic.com

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Take the chance to represent your community – Councillor Val Walker

    Source: Scotland – City of Edinburgh

    Culture and Communities Convener, Councillor Val Walker.

    Culture and Communities Convener, Councillor Val Walker writes in todays Evening News on the importance of community councils and how you can get involved.

    It’s been over half a century since community councils came into existence in Scotland in 1973 – and in that time, we’ve seen over 1,200 established across the country.

    These bodies are groups of residents who are passionate about their communities and play an important role in grassroots democracy.

    Here in Edinburgh, the election period for our community councils has begun. Last week nominations opened to stand for election as a community councillor, this closes on 27 February. Following that we’ll hold an election only if there are more people nominated than places on the community council.

    This is your chance to take a lead in your local area and make your community a better place. From campaigning on key local issues, organising meetings, chairing debates, looking out for vulnerable individuals and groups, to liaising with local and national representatives and much more – the life of a community councillor in the Capital is never ordinary.

    I’m continually inspired by the stories I come across of community councils. In Lady Nairne, the Northfield and Willowbrae Community Council worked tirelessly to ensure that a solution was found when the previous 69 supported bus service ceased operations several years ago. Following extensive engagement with ward councillors and Council officers a new route was implemented just in time for Christmas last year, which I know was a welcome gift to those residents who had long campaigned for its reinstation.

    We’ve also seen Longstone Community Council lead a campaign to erect a new bridge to link their community to the Hutchison/Chesser community, as part of a new active travel project. Initially a bridge was not part of these plans but following successful meetings with their ward councillor, Council officers and the developer some £170,000 worth of contributions were earmarked to support the delivery of the bridge. This will now go to consultation as part of the as the Longstone Link project.

    These are just a couple of the many examples of the excellent work community councils are doing across our city every day. I’d encourage all residents to consider standing as a community councillor. From Pilton to Portobello, Muirhouse to Morningside and beyond, Edinburgh draws its strength from its people, and we need their views, ideas and expertise to move forward together.

    Find out more about community councils and how to stand for election on our website.

    Published: February 13th 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Weimar+ Statement by Germany, France, Poland, Italy, Spain, the United Kingdom, the European External Action Service and the European Commission

    Source: United Kingdom – Executive Government & Departments 3

    Joint Statement by Germany, France, Poland, Italy, Spain, the United Kingdom, the European External Action Service and the European Commission.

    12 February 2025, Paris.

    We are ready to enhance our support for Ukraine. We commit to its independence, sovereignty and territorial integrity in the face of Russia’s war of aggression.

    We share the goal to keep supporting Ukraine until a just, comprehensive and lasting peace is reached. A peace that guarantees the interest of Ukraine and our own.

    We are looking forward to discussing the way ahead together with our American allies. Our shared objectives should be to put Ukraine in a position of strength. Ukraine and Europe must be part of any negotiations. Ukraine should be provided with strong security guarantees. A just and lasting peace in Ukraine is a necessary condition for a strong transatlantic security.

    We recall that the security of the European continent is our common responsibility. We are therefore working together to strengthen our collective defence capabilities.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 12 February 2025

    Invasion of Ukraine

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Russia’s deceit did not work in 2022 and it will not work now: UK statement to the OSCE

    Source: United Kingdom – Government Statements

    Ambassador Holland recalls Russia’s deceit at the OSCE in the weeks leading up to their full-scale invasion of Ukraine and reiterates that UK will support Ukraine to achieve a just and lasting peace.

    Thank you, Mister Chair.  In just over a week, we will reach yet another unwelcome milestone: three years since Russia launched its illegal and unprovoked full-scale invasion of its sovereign neighbour, Ukraine.

    A war that Russia believed would be over in three days will enter a fourth year.  A war Russia launched under the false pretext of protecting Ukrainian civilians has instead caused thousands of them to be killed.  A war which we were told would not happen has, since those denials, violated every principle of the Helsinki Final Act and demonstrated contempt for the rules that govern armed conflict.

    Let us recall, using their own language,  what Russia told us in the days and weeks leading up to their full-scale invasion.  On the 20th of January, we were told that “the myth of Russia’s alleged impending” invasion had been “hyped up.”  On the 3rd of February we were told that the speculation of an invasion was “unsubstantiated conjectures”.  This was an “information campaign being whipped up primarily by the United States and the United Kingdom”.  On the 10th of February, apparently the facts showed that these were “scare stories” and nothing more than “a puff of propaganda and idle talk”.

    We all know what happened on the 24th of February.  The records of our meetings offer incontrovertible evidence of Russia’s disinformation and deceit.  It continues to this day, week in and week out.

    Mister Chair, on that note we have recently heard Russia single-out on multiple occasions the UK’s role in providing military support to Ukraine.   The UK makes no secret of our unbreakable support for Ukraine.  We have agreed a new 100-year partnership with Ukraine.  We are proud to have committed to providing £3 billion of military aid to Ukraine every year for as long as is needed.  I want to be clear, though – this is not about fuelling war but supporting an innocent, sovereign and independent State in an ongoing defence against a barbaric onslaught that Russia assured us would never happen.

    We have always said that we will support Ukraine to achieve a just and lasting peace.  Our priority remains to put Ukraine in the strongest possible position to achieve this.

    Thank you.

    Updates to this page

    Published 13 February 2025

    Invasion of Ukraine

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Tatyana Golikova: The goal of the national project “Personnel” is to coordinate the efforts of educational institutions, employment centers, companies and the state

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Tatyana Golikova addressed the participants, guests and organizers of the “Personnel” forum with a video greeting.

    Welcome speech by Tatyana Golikova to the participants, guests and organizers of the forum “Personnel”

    14 hours ago

    Dear colleagues!

    I am pleased to welcome you to the “Personnel” forum as part of the now traditional Russian Business Week, organized by the Russian Union of Industrialists and Entrepreneurs.

    Russian President Vladimir Vladimirovich Putin has repeatedly emphasized: “Human resources are an absolute value that must be treated responsibly, protected, strengthened, and resources and investments must be invested in this area.”

    Competent, skilled, and dedicated employees are always important. But today, when our country faces the challenges of technological leadership and industrial sovereignty, the team literally becomes the defining resource.

    Over the past few years, the labor market has undergone dramatic changes. Demographics, the growth of labor-intensive industries, and the established labor productivity have significantly influenced the transformation of the labor market and the formation of its new model. Demand for employees will grow, while the unemployment rate will remain at a historical minimum.

    The answers to these challenges cannot be found in education, employment or business alone.

    In order to provide the economy with in-demand specialists, a new national project, “Personnel,” was launched this year on the instructions of the President. Its goal is to coordinate the efforts of educational institutions, employment centers, companies, and the state.

    The national project includes four federal projects: “Labour Market Management”, “Education for the Labour Market”, “Active Measures to Promote Employment” and “Labour Person”. Their implementation over the next six years will allow the necessary labour resources to be involved in the economy.

    A lot of work has been done to form a forecast of personnel needs for a five-year period. According to our estimates, the Russian economy’s need for personnel up to 2030 is 3.1 million people. The greatest growth is expected in manufacturing (more than 703 thousand people), transportation and storage (about 472 thousand people) and construction (more than 385 thousand people).

    The need for personnel arises not only in connection with the opening of new jobs, but also in connection with the need to replace those specialists who are retiring. Therefore, it is necessary to plan work not only based on the formation of a reserve for development plans, but also taking into account the age composition of workers, competition between industries and forms of employment.

    From the forecast we see that skilled workers are becoming the most valuable labor reserve. Specialists with secondary vocational education account for 70% of the replacement demand of the labor market.

    The forecast of personnel needs will become the basis for the formation of control figures for admission to the system of secondary and higher education. And our task is to build a flexible, effective system of training specialists to meet the demands of the economy. Young specialists must be as prepared as possible for the beginning of their working career.

    We have launched a system for monitoring graduate employment and are developing a program for individual support for students. This will help to form the necessary internship and practice base for students during their studies, to get acquainted with enterprises, and to find an employer.

    We are improving the labor market management system by transforming employment centers into “Work of Russia” personnel centers. They are becoming full-fledged partners of employers in building teams and personal consultants for those wishing to build a career. This year, comprehensive modernization will take place in 17 regions, and by the end of 2028, the entire employment service system in the country will be updated.

    Simply selecting vacancies is not relevant now, our task is to give enterprises the opportunity to create strong and effective teams. There are all the tools for this – targeted training, hiring subsidies, assistance in equipping workplaces for people with special needs, free retraining for adults – we carried it out within the framework of the national project “Demography” (in six years we covered almost 1 million job seekers) and will continue within the framework of the national project “Personnel”, orienting programs directly to the order of employers.

    Today, the Government is implementing projects to increase the prestige of sought-after professions. Measures to support the sphere of corporate training are being developed. From this year, we intend to co-finance training in corporate and training centers of enterprises. We are conducting systematic work to find sources and select specialists for the needs of our economy.

    Achieving the goals of ensuring the economy’s personnel sovereignty, as I have already said, is only possible in partnership. And we are counting on a number of actions from employers.

    We see and welcome a consistent increase in wage levels, as well as an increase in labor productivity with concern for the preservation of human resources.

    The involvement and active participation of employers in personnel training – participation in career guidance work, inclusion in the procedure of targeted training, the formation of a responsible personnel order through a forecast of personnel needs – all this will allow us to set up systemic work to prepare a sufficient number and quality of specialists.

    And of course, the most important issue is the joint promotion of in-demand professions.

    Taking this opportunity, I would like to remind you: starting this year, on the instructions of the President, we are rebooting the All-Russian competition of professional skills “Best in Profession”. Its regional stages will start already in the spring. This year, 19 nominations are dedicated to in-demand blue-collar professions, and a special nomination – “Second Start” – will allow everyone who has retrained in blue-collar professions to participate. I invite your teams to participate in this competition.

    I wish all participants, guests and organizers of the forum meaningful discussions, the conquest of new professional heights and the achievement of the most ambitious goals for the benefit of our country and its citizens!

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Update on UK Syria sanctions regime: Minister Doughty statement

    Source: United Kingdom – Executive Government & Departments

    Written statement to the House of Commons on adapting the UK’s Syria sanctions regime following the fall of Assad’s dictatorship late last year.

    Today I am updating the House on the future of the UK’s Syria sanctions regime following the welcome fall of Assad’s dictatorship late last year.

    Sanctions remain a powerful foreign and security policy tool, and this Government is committed to maximising their impact, which includes reviewing their use in light of changing circumstances.

    Therefore, I am pleased to inform the House that the Government will bring forward measures in the coming months adapting the Syria sanctions regime, including amendments to the Syria Regulations, which Members of Parliament will have the opportunity to debate.

    We are making these changes to support the Syrian people in re-building their country and promote security and stability. They will include the relaxation of restrictions that apply to the energy, transport and finance sectors, and provisions to further support humanitarian delivery.

    The Government remains determined to hold Bashar al-Assad and his associates to account for their actions against the people of Syria. We will ensure that asset freezes and travel bans imposed on members of the former regime remain in force.

    In this way, the FCDO will continue to use sanctions in a manner that is targeted, proportionate and robust to hold accountable those responsible for atrocious crimes committed during Assad’s reign and to support what we hope will be Syria’s transition to a more secure, prosperous and stable future.

    Updates to this page

    Published 13 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: MASH to be delivered by Isle of Wight Children’s Services 13 February 2025 Multi-Agency Safeguarding Hub to be delivered by Isle of Wight Children’s Services

    Source: Aisle of Wight

    The delivery of the Isle of Wight’s Multi-Agency Safeguarding Hub (MASH) for children and families on the Isle of Wight is changing.

    As of Monday 24 February, the Isle of Wight Children’s Services will have its own Multi-Agency Safeguarding Hub (MASH), following the ending our partnership with Hampshire County Council. The Multi-Agency Safeguarding Hub (MASH) is a collaborative initiative that unites professionals from various sectors, including children’s social care, police, health providers, and education. The primary goal of the MASH is to share critical information and make timely, informed decisions to ensure the safety and promote the welfare of children. By working together, these professionals can identify risks early, provide appropriate interventions, and promote the well-being of children in our community.

    The Isle of Wight Council, along with its partner agencies, holds a statutory duty to safeguard children and promote their welfare. This duty is fulfilled through coordinated efforts and a shared commitment to protecting children from harm. By leveraging the collective expertise and resources of all involved agencies, the MASH ensures that children receive the support and protection they need in a timely and effective manner.

    If Island residents are worried about the welfare or safety of a child they can report any concerns through the Isle of Wight Council’s website or by calling 01983 823435.

    To reflect these changes, from the 24 February the  Inter-Agency Referral Form (IARF)  will be found on the Isle of Wight Council’s website, and the Isle of Wight Safeguarding Children Partnership website. The link will be shared via email with all partner agencies

    Statement from the Director of Children’s Services

    ”We are delighted to announce that the multi-agency safeguarding hub for our children and families on the Island is now being delivered in-house by Isle of Wight Children’s Services. This significant milestone reflects our unwavering commitment to providing the highest level of care and protection for the children in our community.

    We extend our heartfelt gratitude to Hampshire County Council for their invaluable support and collaboration over the past years. We also extend our thanks to the Isle of Wight Safeguarding Children Partnership, their expertise and dedication have been instrumental in helping us reach this point, and we look forward to continuing our strong partnership as we move forward.

    Together, we are making a profound difference in the lives of children and families on the Isle of Wight.”

    Further information on what this means can be found on the Isle of Wight Council’s website.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Attention, beware of telephone scammers

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    We warn you about the increased activity of telephone scammers, especially through instant messengers, as well as using neural networks and artificial intelligence tools.

    Telephone scammers use various methods:

    send malicious links and call on behalf of banks, demanding to provide a code from an SMS; call and send messages via instant messengers (Telegram, WhatsApp and others); create fake accounts, videos with complete identity of the voice and image on behalf of the rector, directors of institutes, employees of law enforcement agencies (FSB, Ministry of Internal Affairs, Rosfinmonitoring and others).

    If you receive a call or a message on social media or a messenger from the university management or the director of the institute asking you to help law enforcement officials, lend money or perform some action, do not rush to help and transfer money. Most often, it turns out that the person’s profile has been hacked, and money is being extorted on their behalf, and terrorists are forcing them to perform some actions. Check whether your interlocutor is really who they say they are. If this is a familiar person, but you hardly communicate with them in real life, do not transfer money to them or follow links. Most likely, a fraudster is writing on their behalf

    If there are doubts about the authenticity of the interlocutor, the following steps should be taken:

    immediately stop talking or corresponding with the unknown user; report the situation to your supervisor or teacher; verify the identity of the contact: if the caller or sender introduces himself or herself as someone you know, contact him or her at the number you know.

    Be vigilant, do not communicate with scammers!

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

    MIL OSI Russia News –

  • MIL-OSI Russia: HSE University Discusses Academic Development Tools and Ways to Engage Young People in Science

    Translartion. Region: Russians Fedetion –

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

    © Higher School of Economics

    A round table was held on the topic of “Academic Development at the University Today and Tomorrow”. Its participants discussed the tools of academic development used in various subject areas and ways of involving young people in science, one of which is holding regular scientific seminars. The best practices of HSE departments were presented.

    Vice-Rector Alexander Balyshev noted in his opening remarks that the relevance of the roundtable topic is due to the current shortage of personnel both in the academy and in the economy as a whole, and one of its tasks is to rethink the relevance of the academic development tools that exist at HSE.

    The moderator of the round table, Deputy Vice-Rector, Head of the HSE, spoke about the challenges of academic development and the HSE’s responses to these challenges. Office of Academic Development Anastasia Stepanova. She emphasized that the concept of academic development has been relevant for the last 30-40 years and is associated with the changing role of the university in society. The main task of academic development is considered to be providing support to scientists to improve their competence and ensure confidence in their identity.

    According to Anastasia Stepanova, academic development at HSE supports the implementation of the university’s strategy, creates conditions for the growth of scientific schools and helps to respond to external challenges. In addition to its strategic importance, it has a positive effect on organizational efficiency, promotes personnel development and gives the university institutional advantages, enhancing its competitiveness.

    Among the most popular tools for academic development, the Deputy Vice-Rector noted seminars and consultations on academic writing, an academic development program for new teachers and researchers (Academic personnel reserve), mentoring, postdoc programs, as well as various adaptation and integration events for scientists. Based on regular internal monitoring data, it showed clearly expressed needs of scientists: about 40% of respondents are interested in new opportunities to exchange experience with colleagues from other universities, 34% – in expanding access to databases, 25% – in improving scientific communication. The youngest researchers naturally demonstrate a demand for data analysis and academic writing skills.

    Zoomers and Science

    The main topic of discussion in the first part of the round table was the challenges arising in connection with the arrival of the zoomer generation in science.

    The head of the department noted a significant gap between the classical approach to scientific work and the new habits of the younger generation of researchers. Scientific Laboratory of Spatial-Econometric Modeling of Socio-Economic Processes in Russia Olga Demidova. While building a scientific reputation traditionally requires deep immersion in the material and long, painstaking work, today’s young scientists are increasingly turning to artificial intelligence tools to speed up the research process. This poses an important challenge for the scientific community: how to combine modern ways of working with information with the depth of scientific research.

    Deputy Dean for Science Faculty of World Economy and World Politics Alexandra Morozkina suggested specific ways to do this, such as organizing discussions of articles at scientific seminars (and then students will have to read them from beginning to end), holding seminars without gadgets. She also spoke about a program for attracting scientific assistants to the faculty, within the framework of which a student helps a teacher in his scientific work for a small fee and sees the benefits of such work. All students who have gone through this program go on to teach and participate in various projects of the faculty.

    Supervisor Schools of Philological Sciences Evgeny Kazartsev recalled two large projects dedicated to speech practices and the sociology of literature, which were successfully implemented by the school. They included a significant digital component, and, in his opinion, without the participation of zoomers who know how to use digital tools, the projects would not have taken place.

    Dean Faculty of Geography and Geoinformation Technologies Nikolay Kurichev believes that earlier, when choosing scientific activity, young people clearly understood its differences from work in business or in the civil service, where the rules are stricter, but now, as science is becoming “managerialized,” the difference is becoming less obvious. But it should be there, and this is, first of all, interaction with a mentor, a scientific supervisor, as well as an environment – “seminars where crazy people who are burning with scientific ideas should gather.”

    Continuing the theme of differences between academia and business, Vice Dean for Research Faculty of Computer Science Alexey Mitsyuk reported that the IT industry today differs very little from the scientific environment. Large companies are increasingly engaged in computer science, and the conditions created in these companies today are no worse than in universities. There is freedom to choose tasks, opportunities for development, there is no need to work with students and engage in organizational activities. For universities, this is a problem, since competition with business research arises.

    Deputy Director Department of Data Analysis and Artificial Intelligence Vasily Gromov outlined the trends in the transformation of science and scientific activity. He noted that in the near future a scientific market will be formed in which the university will lose its monopoly status. At the same time, society will change its understanding of what a scientist does, and perhaps the concept of disciplinarity will disappear.

    First Vice-Rector Vadim Radaev emphasized that young people, starting with millennials, are increasingly abandoning a linear professional trajectory — they change professions and consider it indecent to sit in one place for more than three or four years. “Academic activity, as we are accustomed to seeing and building it, involves long-term investments and full immersion with a long-term building of a scientific reputation and unclear prospects. And young colleagues burn out before they have time to shed light on anything,” he explained.

    Vice-Rector Sergey Roshchin focused on the topic of goal-setting in academic development: “As a rule, we do not raise this issue, but only support it with some data, such as statistics on published articles. However, the goals of academic development are contextual in nature from the point of view of the society around us and should not be limited to publication activity alone.”

    As for the claims about the peculiarities of zoomers, both a hundred and two hundred years ago, representatives of the older generation claimed that the next generation was not like them. According to the vice-rector, the key question is what is the value of science so that the younger generation continues to study it within the walls of the university. “Science studies are not studies that interest you now, but studies based on the current agenda in society, in combination with what interests you,” he concluded.

    Scientific seminars: constancy, obligation, regularity

    The second part of the round table was devoted to involving young people in scientific discussion. Vadim Radaev, who made the key report on this topic, noted: “First of all, we need to have this discussion, especially since real discussions are extremely rare on the pages of journals.” A regular scientific seminar becomes a platform for it.

    In his report, the First Vice-Rector of the HSE emphasized that seminar activities are not an addition or an appendix, but part of the foundation, one of the main forms of work. “I believe that a scientific department without a regular seminar is an institutional fiction: individual scientists conduct research and publish results, but the integrity of the organization, the environment that should form scientists, remains more on paper,” he said.

    The speaker shared his experience in organizing scientific seminars Department of Economic Sociology And Laboratory of Economic and Sociological Research (LESI), which he heads. His departments have held scientific seminars weekly since 2002, and he does not consider this to be anything extraordinary. Even if not weekly, then a monthly seminar should be the norm for any scientific community. Anyone can organize a seminar, but it is difficult to do so on a regular basis. “Many great projects started and then, unfortunately, died out,” Vadim Radaev noted. In his opinion, a seminar should have a permanent core, be mandatory, be held regularly (at least once a month) and in person (a hybrid format is possible), have a fixed day, time and plan for at least two to three months, be announced in advance and not be postponed.

    Vadim Radaev believes that the topic of the seminar is not the main thing: the speakers are more important. He emphasized that only full texts of research should be discussed, and materials should be sent to participants at least a week in advance. It is advisable to invite discussants to the seminar, make uniform demands on all colleagues from students to professors, and gently and persistently observe the rules so that the seminar does not turn into, for example, a benefit performance for the speaker.

    According to Vadim Radaev, the value of a scientific seminar lies primarily in communication. This is a good way to create and maintain an environment, an opportunity to interest and retain young colleagues who, as noted in the first part of the round table, are today prone to a rapid loss of interest in science.

    Other HSE employees also spoke about their successful experience of participating in scientific seminars and organizing them.

    Dean Faculty of Computer Science Ivan Arzhantsev recalled that mathematics in the USSR, which flourished in the 1960s and 1970s, lived by scientific seminars. At the same time, work was organized differently in foreign universities. “Colleagues envied us that we had such a wonderful culture of scientific seminars,” said the dean of the Faculty of Computer Science. He himself participated in one of these seminars, and now the faculty holds a mathematical seminar every two weeks.

    Head of the Department of Mathematics Faculty of Economic Sciences Fuad Aleskerov spoke about two scientific seminars that he leads, one of which has been held for 60 years, including more than 20 years at the HSE. In his opinion, seminars should not be limited in time; it is quite acceptable if they last for four hours.

    Referring to his experience working in foreign universities, the dean Faculty of Social Sciences Denis Stukal reported that scientific seminars there can take place both in the form of formal discussions – traditional regular meetings of scientists, and in the form of informal discussions – for example, meetings and discussions of scientific ideas over lunch. In his opinion, organizing a seminar should be a common matter for all employees of the department, who are responsible for this periodically.

    Professor Elena Dragalina-Chernaya shared her experience of holding regular seminars in International Laboratory of Logic, Linguistics and Formal Philosophy. There are five of them in the laboratory: theoretical, analytical, reading seminar and two scientific and educational seminars. She believes it is important to support the initiatives of young researchers and give them their own space for discussions. The professor emphasized that long-term internships for young scientists are important for the development of international and interdisciplinary projects.

    Summing up the round table, Alexander Balyshev said that its participants demonstrated a demand for updating the goal-setting of academic development at the university. He also noted the need to communicate to target groups, especially young researchers, information about the opportunities opening up to them and stated that scientific seminars are still a relevant and mandatory component of the work of all scientific departments of the HSE.

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

    MIL OSI Russia News –

  • MIL-OSI United Nations: UNECE Inland Transport Committee advances international cooperation for sustainable and resilient future of transport

    Source: United Nations Economic Commission for Europe

    Gathering at this week’s 87th annual session of the UNECE Inland Transport Committee (ITC) at the Palais des Nations in Geneva, global transport leaders shared commitments aimed at  forging a sustainable, efficient, and resilient future of inland transport. 

    Looking to 2030 and beyond – and recognizing the need for scaled-up action in response to climate change, technological advancements, and shifting global trade patterns – several countries announced pledges that reaffirm their commitment to regional cooperation, enhanced connectivity, innovation, and environmental sustainability in inland transport. 

    “The challenges before us are immense, but so are the opportunities,” noted UNECE Executive Secretary Tatiana Molcean at the opening of the session. “We are here today to chart the course for the future, ensuring that inland transport is not only a driver of economic growth but also a catalyst for sustainability, resilience, and innovation.” 

    Enhanced connectivity and sustainability  

    The Netherlands and Türkiye pledged to continue supporting efforts to advance digitalization, infrastructure development, and border-crossing efficiency along the Trans-Caspian and Almaty-Tehran-Istanbul corridors, with a strong emphasis on greening the corridors, reducing their environmental impact, and lowering greenhouse gas emissions.  

    This joint commitment highlights the importance of collaboration to advance regional integration, promote sustainable transport practices, and enhance the economic and environmental performance of these strategic corridors.   

    “Transport corridors provide an essential backbone structure for the functioning of our economies,” said Chris Jansen, Minister for the Environment and Public Transportation of The Netherlands. “Let us try to unlock this potential together and use our combined efforts of cooperation within the UNECE Inland Transport Committee to achieve this work.”  

    “By strengthening our transport corridors, we will also make significant contributions to reducing economic inequalities between regions, facilitating access to markets for underdeveloped regions and promoting sustainable development,” emphasized Abdulkadir Uraloğlu, Minister of Transport and Infrastructure of Türkiye. 

    Advancing decarbonization and innovation 

    Underlining ITC’s unique role as the only global UN platform for road, rail and inland waterway transport, Georgia, The Netherlands and Türkiye reaffirmed their commitment to leverage its capacity to drive innovation and strategic foresight in the inland transport sector.  

    The three countries pledged to support the effective implementation of the ITC Decarbonization Strategy and to contribute to its other critical work streams, including climate change adaptation for transport infrastructure, cycling infrastructure, e-mobility, and the use of GIS mapping for transport infrastructure planning through the International Transport Infrastructure Observatory. 

    Accelerating e-mobility and smart charging solutions 

    Recognizing that inland transport sector plays a pivotal role in achieving global climate goals, The Netherlands and Türkiye pledged to support the UNECE Informal Task Force on E-Mobility to advance zero-emission policies, align regulatory frameworks, and facilitate the development of critical infrastructure for alternative energy carriers, in particular electric mobility, alongside hydrogen and biofuels.  

    The Netherlands will lead efforts on smart charging and energy system optimization, while Türkiye will spearhead best practices for EV infrastructure planning. 

    In line with the ITC Decarbonization Strategy, Germany pledged to work to swiftly expand the charging infrastructure for electric vehicles and to drive the uptake of climate-friendly fuels. Furthermore, Germany committed to fostering key technology innovations, such as automated/autonomous driving on the road to reach a more sustainable, safe, digital, accessible and affordable mobility. 

    Global relevance of ITC work 

    Reflecting the global relevance of ITC not only in harmonization of vehicle standards, but also in development of transport infrastructure, and smart and clean mobility solutions, Cambodia announced that it will seek to actively participate in the UNECE World Forum for Harmonization of Vehicle Regulations (WP.29) and join working parties dealing with the transport of dangerous goods, intermodal transport and logistics, as well as to join the Agreement concerning the International Carriage of Dangerous Goods by Road (ADR).   

    As a small island developing state, facing frequent storm surges and flooding that threaten its critical road network, Seychelles appreciated the ITC as a vital platform to advance solutions for climate-resilient road infrastructure, maintenance and environmentally friendly engineering, as well as energy-efficient public transport options.  

    MIL OSI United Nations News –

  • MIL-OSI: Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results; Provides First Quarter 2025 Guidance

    Source: GlobeNewswire (MIL-OSI)

    Q4 2024 Revenues, Gross Margin and EPS All Surpassed Guidance Range Issued on November 7, 2024
    Company Q1 2025 Guidance: Revenues to Decrease 8.5% to 12.5% QoQ,
    Gross Margin is Expected to be Around 30.5%. Profit per Diluted ADS to be 9.0 Cents to 11.0 Cents

    • Q4 2024 revenues registered $237.2 million, an increase of 6.7% QoQ, significantly exceeding guidance range of a slight decrease to flat, primarily driven by stronger order momentum across product lines
    • Q4 2024 Gross margin reached 30.5%, exceeding guidance of flat to slightly up, driven by a favorable product mix and cost improvements. Up from 30.0% in the Q3 2024
    • Q4 2024 after-tax profit was $24.6M, or 14.0 cents per diluted ADS, considerably above the guidance range of 9.3 cents to 11.0 cents
    • Company’s full year 2024 revenues were $906.8 million, and gross margin was 30.5%. 2024 profit attributable to shareholders was $0.46 per fully diluted ADS
    • Company’s Q1 2025 revenues to decline 8.5% to 12.5% QoQ, reflecting the low season demand due to Lunar New Year holidays. The Q1 revenue guidance implies flat to 4.6% increase YoY. Gross margin to be around 30.5%, up from 29.3% same quarter last year. Profit per diluted ADS to be in the range of 9.0 cents to 11.0 cents, implying the increase of 26% to 54% YoY
    • Himax sales revenues in each quarter of 2024 consistently outperformed guidance, demonstrating its ability to handle most of rush orders, underscoring its strong ability in inventory management and swift market responsiveness
    • Full year 2024 automotive driver IC sales increased nearly 20% YoY, significantly outpacing global automotive growth, largely driven by the continued TDDI adoption among major customers across all continents. Himax continues to reinforce its market leadership in automotive TDDI, holding well over 50% market share
    • Himax’s WLO technology plays a critical role in CPO by providing essential optical coupling capability, making it a core element of the solution. Small-scale production of the first-gen CPO underway, with acceleration of future CPO generation development, in close collaboration with AI customers/partners. Company believes prospect of CPO remains unchanged
    • WiseEye, building on the success with Dell, has achieved notable progress with other leading NB brands. Also made breakthroughs in smart door lock, palm vein authentication and smart home. Himax anticipates a strong growth trajectory in WiseEye business in 2025 and beyond
    • At CES 2025, Himax showcased a wide range of innovative achievements, including automotive display technology, WiseEye AI, and advanced optical technologies for AR/VR
    • Rising enthusiasm in AR glasses with Gen AI in CES 2025. Himax offers three critical technologies for AR glasses, namely LCoS microdisplay, WLO waveguide, and ultralow power WiseEye AI
    • Himax is well-positioned to capitalize on the trend of the premium NB to adopt OLED displays and touch features. Confident to lead in the rapidly evolving landscape of AI PCs and premium NB, offering a comprehensive IC portfolio for both LCD and OLED NB

    TAINAN, Taiwan, Feb. 13, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the fourth quarter and full year 2024 ended December 31, 2024.

    “In 2024, our sales revenues in each quarter consistently outperformed guidance. We have consistently demonstrated our ability to handle most of rush orders, underscoring our agility, adaptability, strong capabilities in inventory management, and swift market responsiveness,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax.

    “At CES this year, Himax showcased a wide range of innovative achievements, including automotive display technology, WiseEye AI, and advanced optical technologies for AR/VR. Notably, a clear trend emerged at this year’s CES as the industry demonstrated growing enthusiasm for AR glasses, fueled by more companies entering the space and integrating generative AI to accelerate the development of lightweight, compact, and all-day AR glasses. For AR glasses, Himax offers three critical technologies, namely LCoS microdisplay, WLO waveguide, and ultralow power WiseEye AI,” continued Mr. Jordan Wu.

    “Himax’s WLO technology plays a critical role in CPO by providing essential optical coupling capability, making it a core element of the solution. The prospect of CPO remains unchanged and the widespread adoption of CPO for data transmission to be conducted via optics instead of metal wire is on track in high-performance AI applications. Through WLO and CPO technologies, Himax is well-positioned to engage in the high-speed AI computing market with high expectations for its growth,” concluded Mr. Jordan Wu.

    Fourth Quarter 2024 Financial Results

    Himax net revenues registered $237.2 million, an increase of 6.7% sequentially, significantly exceeding Company’s guidance range of a slight decrease to flat, and up 4.2% year-over-year. Gross margin reached 30.5%, exceeding its guidance of flat to slightly up from 30.0% in the previous quarter, and up from 30.3% in the same period last year. The sequential increase was driven by a favorable product mix and cost improvements. Q4 profit per diluted ADS was 14.0 cents, considerably above the guidance range of 9.3 cents to 11.0 cents, thanks to better-than-expected revenues and improved costs.

    Revenue from large display drivers came in at $25.0 million, reflecting a 18.6% sequential decline. The decrease was primarily attributed to continued customer destocking after substantial Q2 replenishment for shopping festivals, as well as heightened price competition from Chinese peers. Sales of large panel driver ICs accounted for 10.5% of total revenues for the quarter, compared to 13.8% last quarter and 14.8% a year ago.

    Small and medium-sized display driver segment totaled $166.8 million, an increase of 7.4% sequentially, exceeding its guidance of flat quarter-over-quarter, thanks to stronger-than-expected sales in the automotive and tablet markets. Q4 automotive driver sales, including both traditional DDIC and TDDI, experienced mid-teens increase, significantly outperforming Company’s expectation of a single digit increase, with both DDIC and TDDI showing stronger-than-expected sales. This surge was primarily driven by continued rush orders from Chinese panel customers, carried over from Q3, following the Chinese government’s renewed trade-in stimulus initiative announced in mid-August 2024 to boost automobile consumption. Remarkably, Himax’s Q4 automotive TDDI sales have exceeded DDIC sales for the first time, underscoring the global adoption of Company’s TDDI solutions, which are increasingly essential in modern vehicles, and reflects the growing demand for more intuitive, interactive, and cost-effective touch panel features powered by TDDI technology. Himax’s automotive business, comprising drivers, Tcon, and OLED IC sales, accounted for around 50% of total Q4 revenues. Meanwhile, Q4 tablet IC sales exceeded the guidance of a low teens decline, with sales up slightly sequentially driven by rush orders from leading end customers. Q4 smartphone IC sales declined slightly, in line with its guidance. The small and medium-sized driver IC segment accounted for 70.3% of total sales for the quarter, compared to 69.9% in the previous quarter and 71.6% a year ago.

    Fourth quarter revenues from its non-driver business reached $45.4 million, exceeding the guidance range, with a 24.9% increase from the previous quarter. The growth was primarily driven by a one-time ASIC Tcon product shipment to a leading projector customer and Tcon for monitor application. In Q4, automotive Tcon sales continued to grow sequentially, due to the widespread adoption of Himax’s market-leading local dimming Tcon with over two hundred secured design-win projects across major panel makers, Tier 1 suppliers, and automotive manufacturers worldwide. Non-driver products accounted for 19.2% of total revenues, as compared to 16.3% in the previous quarter and 13.6% a year ago.  

    Fourth quarter operating expenses were $49.2 million, a decrease of 19.1% from the previous quarter and a decline of 6.0% from a year ago. The sequential decrease stemmed primarily from a reduction in annual employee bonuses, partially offset by an increase in R&D expenses. As part of Company’s standard practice, Himax grants annual bonuses, including cash and RSUs, to employees at the end of September each year. This results in higher IFRS operating expenses in the third quarter compared to the other quarters of the year. The year-over-year decrease was mainly due to a decline in employee bonus compensation as the amortized portion of prior year’s bonuses for 2023 was higher than that for 2024, offsetting the higher annual bonus compensation grant for 2024 compared to 2023. Amid ongoing macroeconomic challenges, Himax is strictly enforcing budget and expense controls, with full-year 2024 operating expenses declining 5.6% compared to last year.

    Fourth quarter operating income was $23.1 million or 9.7% of sales, compared to 2.6% of sales last quarter and 7.3% of sales for the same period last year. The sequential increase was primarily the result of higher sales, improved gross margin, and lower operating expenses. The year-over-year increase was primarily the result of higher sales, higher gross margin, and lower employee bonus compensation due to the amortized portion of the prior year’s bonuses. Fourth-quarter after-tax profit was $24.6 million, or 14.0 cents per diluted ADS, reflecting a meaningful increase from $13.0 million, or 7.4 cents per diluted ADS last quarter, and up from $23.6 million, or 13.5 cents in the same period last year.

    Full Year 2024 Financial

    Revenues totaled $906.8 million, a slight decline of 4.1% compared to 2023. Persistent global demand weakness, coupled with uncertainty about market trends, led to conservative purchasing decisions and inventory management by Company’s panel customers. Given this uncertainty, Himax implemented strict expense controls, resulting in a 5.6% reduction in operating expenses for the year. However, Company’s optimism in the automotive business remains unwavering, with automotive IC sales increasing by nearly 20% year-over-year in 2024, far outpacing the overall automotive market growth. Among Company’s automotive product lines, automotive TDDI and Tcon sales, both relatively new technologies, surged by more than 70%, driven by accelerated adoption across the board. This growth strengthened Company’s market leadership and positions Himax well for continued success as the automotive sector embraces more advanced technology resulting from the mega trend of increasing size, quantity, and sophistication of displays inside vehicles.

    Revenue from large panel display drivers totaled $125.9 million in 2024, marking a decrease of 28.3% year-over-year, and representing 13.9% of total sales, as compared to 18.6% in 2023. Small and medium-sized driver sales totaled $625.4 million, reflecting a slight decrease of 0.6% year-over-year, and accounting for 69.0% of its total revenues, as compared to 66.5% in 2023. Non-driver product sales totaled $155.5 million, an increase of 10.6% year-over-year, and representing 17.1% of Company’s total sales, as compared to 14.9% a year ago.

    Gross margin in 2024 was 30.5%, up from 27.9% in 2023. The margin expansion was driven by a strategic focus on cost improvements and operational efficiency optimization, combined with a favorable product mix that included a higher percentage of high-margin products such as automotive and Tcon. The successful diversification of foundry sources also contributed to the margin increase.

    Operating expenses in 2024 were $208.0 million, a decline of 5.6% from 2023, primarily due to lower employee bonus compensation, as the amortized portion of bonuses in 2023 was higher than that in 2024. 2024 operating income was $68.2 million, or 7.5% of sales, an increase from $43.2 million, or 4.6% of sales, in 2023. Himax’s net profit for 2024 was $79.8 million, or $0.46 per diluted ADS, significantly up from $50.6 million, or $0.29 per diluted ADS in 2023.

    Balance Sheet and Cash Flow

    Himax had $224.6 million of cash, cash equivalents and other financial assets as of December 31, 2024. This compares to $206.4 million at the same time last year and $206.5 million a quarter ago. Himax achieved a strong positive operating cash flow of $35.4 million for the fourth quarter, compared to a cash outflow of $3.1 million in Q3. Company made a total of $30.1 million annual cash bonus to employees, resulting in the low operating cash flow of the quarter. As of December 31, 2024, Himax had $34.5 million in long-term unsecured loans, with $6.0 million representing the current portion.

    The Company’s inventories as of December 31, 2024 were $158.7 million, lower than $192.5 million last quarter and $217.3 million at the end of last year. Company’s inventory levels have steadily declined over the past couple of quarters and are now at a healthy level. Accounts receivable at the end of December 2024 was $236.8 million, little changed from $224.6 million last quarter and $235.8 million a year ago. DSO was 96 days at the quarter end, as compared to 92 days last quarter and 91 days a year ago. Fourth quarter capital expenditures were $3.2 million, versus $2.6 million last quarter and $15.1 million a year ago. Fourth quarter capex was mainly for R&D related equipment for Company’s IC design business. Total capital expenditures for 2024 were $13.1 million as compared to $23.4 million in 2023. The decrease was primarily due to reduced spending on in-house testers for Company’s IC design business in 2024.

    Outstanding Share

    As of December 31, 2024, Himax had 174.9 million ADS outstanding, little changed from last quarter. On a fully diluted basis, the total number of ADS outstanding for the fourth quarter was 175.1 million.  

    Q1 2025 Outlook

    In 2024, Himax’s sales revenues in each quarter consistently outperformed guidance. While this strong performance is certainly commendable, it also highlights the challenges Company faced such as limited market visibility and conservative customer demand, where many customers relied on rush orders to address their actual demands. On the other hand, rush orders are indicative of the tight inventory position of Company’s panel customers in general. In the past few quarters, Himax has consistently demonstrated its ability to handle most of such rush orders, underscoring Company’s agility, adaptability, strong capabilities in inventory management, and swift market responsiveness.

    The automotive IC sales remained Company’s largest revenue contributor in 2024, accounting for almost half of total revenues and achieving close to 20% annual growth. This performance highlights Himax’s automotive leadership in technological innovations, product development, and market share. Looking ahead, Himax expects its automotive TDDI and Tcon technologies to maintain growth momentum, further strengthening its market competitiveness. Beyond LCD technology, Himax is advancing development in the automotive OLED sector, with numerous projects currently underway in partnership with leading panel makers. Company anticipates that automotive OLED IC will serve as one of the key growth drivers for Himax in the coming years, further solidifying its leadership in automotive display market.

    Meanwhile, Himax is actively expanding its technology development beyond display ICs. To that end, in the WiseEye AI segment, Company has made notable progress with leading notebook brands and achieved significant breakthroughs in smart door lock, palm vein authentication, and smart home applications, collaborating with world-leading customers to develop new innovations. Himax anticipates a strong growth trajectory in its WiseEye business in 2025 and beyond.

    Himax’s proprietary wafer-level optics (WLO) technology for co-packaged optics (CPO) has recently garnered significant attention in the capital markets. In fact, as early as June 2024, Himax and FOCI, a global leader in silicon photonics connectors, jointly announced the industry-leading CPO technology. The collaboration, spanning several years, unites Himax’s WLO technology with FOCI’s CPO solutions for cutting-edge AI multi-chip modules (MCM). Since the announcement, Himax has provided updates on the latest progress in each quarterly earnings call. Himax’s WLO technology plays a critical role in CPO by providing essential optical coupling capability, making it a core element of the solution. CPO significantly enhances bandwidth and accelerates data transmission while reducing signal loss, latency, and power consumption. Additionally, it can help drastically decrease the size and cost of MCM.

    While CPO is still in engineering validation and trial production stage this year, with customer’s mass production timelines undisclosed and the recent AI market disruptions from DeepSeek, the prospect of CPO remains unchanged. The widespread adoption of CPO for data transmission to be conducted via optics instead of metal wire is on track in high-performance AI applications. This is evident by the significant increase in customer’s recent trial production volume forecast, indicating an accelerated timeline for CPO technology to enter mass production. Furthermore, Himax and FOCI, in close collaboration with leading AI customers and partners, are actively developing future generations of CPO technologies to meet the explosive high-speed optical data transmission demand in HPC and AI. Through WLO and CPO technologies, Himax is well-positioned to engage in the high-speed AI computing market with high expectations for its growth. Company believes that CPO technology, beyond cloud applications, will see further adoption in sectors such as automotive and robot in the future. Himax’s current goal is to accelerate CPO adoption in cloud applications, thereby helping drive broader CPO adoption in AI applications.

    At CES this year, Himax showcased a wide range of innovative achievements, including automotive display technology, WiseEye AI, and advanced optical technologies for AR/VR. Notably, a clear trend emerged at this year’s CES as the industry demonstrated growing enthusiasm for AR glasses, fueled by more companies entering the space and integrating generative AI to accelerate the development of lightweight, compact, and all-day AR glasses. For AR glasses, Himax offers three critical technologies, namely LCoS microdisplay, WLO waveguide, and ultralow power WiseEye AI. Company’s latest, patented Front-lit LCoS Microdisplay delivers unparalleled brightness with an industry-leading 400k nits, exceptional optical power efficiency, compact form factor, lightweight, and superior display quality, making it one of the most viable solutions in the see-through AR glasses market. In waveguide, in collaboration with leading tech names, Himax leverages proprietary WLO expertise, built on advanced nanoimprint technology, to offer industry-leading optical solutions that optimize light transmission and display efficiency. In the field of AI sensing for AR glasses, Himax’s WiseEye provides always-on AI sensing capabilities which are being applied by developers to significantly enhance AR interactivity while consuming just a few milliwatts of power.

    In automotive display IC technology, Himax unveiled the industry’s most comprehensive LCD and OLED solutions at CES, showcasing a range of next-generation smart cabin technologies. These solutions not only improve the intuitive operation of smart cabins but also enhance driving safety and provide an exceptional user experience. A prime example is the advanced Display HMI solution developed in collaboration with AUO which meets the demands for large-size, high-resolution, and freeform automotive displays.

    At CES, Himax also partnered with several AI ecosystem partners to showcase its ultralow power WiseEye Modules over a range of innovative, production-ready AIoT applications. These applications include palm vein authentication, baby cry detection, people flow management, and human sensing detection. The modules are designed for easy integration, making it highly suitable for various AIoT applications.

    Display Driver IC Businesses

    LDDIC

    In Q1 2025, Himax anticipates a single digit sequential sales increase for large display driver ICs, driven by demand spurred by Chinese government subsidies for household appliances aimed at reviving demand in the sluggish household sector. Notebook and monitor sales are expected to increase in Q1. In contrast, TV IC sales are set to decline as customers pulled forward their inventory purchases in the prior quarter, coupled with the seasonal slowdown in Q1.

    Looking ahead in the notebook sector, Company is seeing an increase in demand for premium notebooks to adopt OLED displays and touch features, partially fueled by the rise of AI PC. Himax is well-positioned to capitalize on this trend, offering a comprehensive range of ICs for both LCD and OLED notebooks, including DDIC, Tcon, touch controllers, and TDDI. A standout innovation is Company’s pioneering in-cell touch TDDI for LCD displays, which improves the ease of system design and integration by embedding the touch controller within the TDDI chip while maintaining the conventional display driver setup for Tcon data transmission. This design simplifies integration for customers, reducing engineering complexity and speeding up product development. This solution also supports high-resolution displays up to 4K and larger screens up to 16 inches, aligning with the growing demand for advanced, visually stunning, and immersive laptops. With mass production already underway for a leading notebook vendor’s AI PC, more projects are lined up. For OLED notebooks, in addition to Company’s OLED DDIC and Tcon solutions, Himax is also developing on-cell touch controller technology, with multiple projects underway with top panel makers and notebook vendors. Last but not least, progress has been made on the next-generation eDP 1.5 display interface for Tcon for both LCD and OLED panels. This interface will support high frame rates, low power consumption, adaptive sync, and high resolution, key features essential for next-generation AI PCs. By delivering innovative, cutting-edge technologies, Himax is well-positioned to lead in the rapidly evolving landscape of AI PCs and premium notebooks.

    SMDDIC

    On SMDDIC revenue, for the full year 2024, Himax’s automotive driver IC sales, comprising of TDDI and traditional DDIC, increased nearly 20% year-over-year, significantly outpacing global automotive growth, largely driven by the continued adoption of TDDI technology among major customers across all continents. However, Himax anticipates Q1 automotive revenue to decline low teens sequentially, following two quarters of surge demand. Despite this, Q1 automotive sales are still projected to increase by mid-teens on a year-over-year basis. In the automotive TDDI sector, with cumulative shipments significantly surpassing those of Himax’s competitors, Company continues to reinforce its market leadership, which currently stands at well over 50%. With nearly 500 design-in projects secured and a continuous influx of new pipeline and design-wins across the board, of which only 30% already in mass production, Himax expects to sustain this decent growth in the years ahead. While traditional automotive DDIC sales for 2024 declined due to their gradual, partial replacement by TDDI, Company’s DDIC shipment volume still saw a modest increase in the last year. This demonstrates the steady demand for mature DDIC products, such as those used in cluster displays, HUDs, and rear- and side-view mirrors, which do not require touch functionality. Furthermore, the long-term trust and loyalty from Company’s DDIC customers, some of whom have relied on Himax’s solutions for over a decade, is indicative of Company’s strong customer retention. Himax continues to lead the automotive DDIC market, maintaining a global market share of approximately 40%.

    Himax continues to lead in automotive display IC innovation by pioneering solutions that deliver superior performance, power efficiency, and enhanced user experiences. As part of this ongoing innovation, Company’s latest TED (Tcon Embedded Driver IC) solution, which combines TDDI with local dimming Tcon into a single chip, provides a cost-effective, flexible, and comprehensive solution for its customers. Another new technology worth highlighting is Himax’s automotive TDDI with advanced user-aware touch control, which differentiates between driver and passenger touches to prevent cross-touch and enhance driving safety. In addition, Company offers a unique knob-on-in-cell-display solution that combines a physical knob with a TDDI. This design seamlessly merges in-cell touch technology with tactile controls, offering drivers a safer, more intuitive interaction that reduces distractions and enhances the overall driving experience.

    Moving to smartphone and tablet IC sales, Himax expects a sequential decline in both product lines, as is typical during the low season in Q1 due to the Lunar New Year.

    On OLED business update. In the automotive OLED market, Company has established strategic partnerships with leading panel makers in Korea, China, and Japan. As OLED technology extends beyond premium car models, Himax is well-positioned as the preferred partner, leveraging Company’s strong presence and proven track record in the automotive LCD display sector. Capitalizing on Himax’s first-mover advantage, Himax aims to drive the growing adoption of OLED in automotive displays by offering a comprehensive range of solutions, including DDIC, Tcon, and on-cell touch controller. Company believes this positions it as a primary beneficiary of the anticipated shift toward OLED displays for high end vehicles in a couple of years, enabling Himax to capture new growth opportunities and further strengthen its market leadership.

    Beyond the automotive sector, Company has also made strides in the tablet and notebook markets, partnering with leading OLED panel makers in Korea and China. Himax’s comprehensive OLED product portfolio, covering DDIC, Tcon, and touch controllers, has driven several new projects that are on track to begin mass production this year. In the smartphone OLED market, Company is making solid progress in collaborations with customers in Korea and China and anticipates mass production to start later this year.

    First quarter small and medium-sized display driver IC business is expected to decline low teens sequentially.

    Non-Driver Product Categories

    Q1 non-driver IC revenues are expected to decrease high teens sequentially.

    Timing Controller (Tcon)

    Himax anticipates Q1 2025 Tcon sales to decrease mid-teens sequentially, primarily due to the non-recurrence of a one-time ASIC Tcon shipment to a leading projector customer last quarter, as well as a moderation in automotive Tcon shipments following several quarters of strong growth. That being said, Himax maintains an unchallenged position in local dimming Tcon, evidenced by growing validation and widespread adoption in both premium and mainstream car models worldwide. Company is confident in the continued growth of its automotive Tcon business, supported by its strong market presence in local dimming Tcon, with strong pipeline of over two hundred design-win projects set to gradually enter production in the coming years. Heads-up display (HUD) is another field gaining traction within automotive displays, driving increased adoption of local dimming Tcon technology and emerging as a particularly promising application. Himax’s industry-leading local dimming Tcon provides distinct advancements with high contrast ratio and optimized power consumption. It effectively eliminates the “postcard effect” often seen in HUDs, caused by backlight leakage typical of conventional TFT LCD panels, ensuring clear and precise images on the windshield. Additionally, the Tcon features advanced transparency detection to prevent the display from obstructing the driver’s view, thereby ensuring driving safety. Several HUD projects are already in progress, and Himax is excited about the potential opportunities ahead. Company is well positioned for continuous growth in automotive Tcon over the next few years.

    WiseEye™ Ultralow Power AI Sensing

    On the update of WiseEye™ ultralow power AI sensing solution, a cutting-edge endpoint AI integration featuring industry-leading ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm. WiseEye AI delivers a significant competitive edge in the rapidly growing AI market through its ultralow power consumption and context-aware, on-device AI inferencing that seamlessly integrates vision and other sensing capabilities into endpoint applications, particularly battery-powered devices. This not only enhances intuitive user interaction but also makes AI more practical and accessible. Additionally, WiseEye AI offloads tasks from the main processor, effectively extending battery lifespan and improving overall data processing efficiency. Building on the success with Dell notebooks, Himax WiseEye AI is continuing to expand its market presence, with additional use cases expected across other leading notebook brands, some of which are set for production later this year.

    WiseEye also continues to achieve significant market success across various sectors. For smart door lock, Company collaborated with DESMAN, a leading high-end brand in China, to introduce the world’s first smart door lock with 24/7 sentry monitoring and real-time event recording. Building on this achievement, Himax is expanding globally by collaborating with other leading door lock makers worldwide to integrate innovative AI features, including parcel recognition, anti-pinch protection, and palm vein biometric access, further extending application possibilities. Several of these value-added solutions are set to enter production later this year. At CES 2025, Himax joined forces with ecosystem partners to unveil a suite of innovative, production-ready AIoT applications, powered by Company’s tiny form factor, plug-and-play WiseEye Modules. Himax offers a series of modules, each incorporating an ultralow power WiseEye AI processor, an AoS image sensor, and advanced algorithms. The modules feature no-code/low-code AI platform capabilities, simplifying AI integration and supporting diverse use cases, such as human presence detection, gender and age recognition, gesture recognition, face mesh, voice command, thermal image sensing, pose estimation and people flow management. By streamlining deployment and reducing development costs, WiseEye Modules open new opportunities for automation, enhance interactivity, and elevate user experiences across a variety of industries.

    A broad range of innovative, ultralow power WiseEye Modules are also under development in collaboration with ecosystem partners, such as crying baby detection, dynamic gesture recognition, and human sensing, among others. One standout in Himax’s WiseEye Module portfolio is the Himax WiseEye PalmVein solution, which has quickly gained traction since its introduction just one year ago. Company has secured multiple design wins, with mass production already underway by a US customer for smart access applications and a Taiwan-based door lock vendor for its leading smart door lock brands. To meet growing customer demand for flexibility across various environments, the upgraded WiseEye PalmVein suite now features bimodal authentication, combining both palm vein and face recognitions. This dual-authentication solution enhances security by offering two layers of biometric verification, which not only increases reliability but also makes it highly adaptable to various environments.

    The rise of physical AI agents marks a significant shift in human-machine interaction, enabling devices to perceive, process, and respond to their surroundings in real time. A key emerging trend is the integration of cloud-based large language models (LLMs), which enables these agents’ advanced reasoning and language understanding, enhancing their ability to interact with and adapt to the physical world. Himax WiseEye AI is at the forefront of this revolution, delivering always-on sensor fusion, ultralow power on-device processing, while seamlessly interfacing with LLMs, to provide the essential real-time AI capabilities for next-generation applications. A good illustration of this innovation was showcased at CES 2025, where Himax and Seeed Studio introduced the SenseCAP Watcher, a physical AI agent powered by WiseEye AI. Equipped with vision and audio sensor fusion, along with a speaker, this battery-powered IoT device combines on-device AI with cloud-based LLMs to interpret commands, recognize objects, respond to events, and facilitate real-time interaction. Drawing from the success of SenseCAP Watcher, Himax is actively working on multiple projects leveraging WiseEye AI to further drive advancements in physical AI agent applications.

    Separately, Himax is excited about its collaboration with a leading AR player to integrate WiseEye AI into the next generation of AR glasses. At CES, there was a renewed enthusiasm on AR glasses with AI becoming an integral component to enable intuitive and seamless human-device interaction. WiseEye AI addresses two critical challenges in AR glasses, namely real-time responsiveness and power efficiency. For example, WiseEye supports always-on outward sensing, enabling AR glasses to detect and analyze the surrounding environment with real time context-aware AI. This capability powers instant response, real-time object recognition, navigation assistance, translation, and environmental mapping, enhancing the overall AR experience. Notably, WiseEye AI’s exceptional ultralow power consumption, measured in single digit milliwatts, also make it perfectly suited for AR glasses for all-day wear. In another example, Company collaborates with Ganzin on eyeball tracking technology, which, powered by WiseEye, precisely detects subtle eyeball movements, gaze direction, pupil size, and blinking, thereby providing critical data for the enhancement of user interaction in AR glasses.

    Wafer Level Optics (WLO)

    In June 2024, Himax, in partnership with FOCI, a world leader in silicon photonics connector, unveiled an industry-leading co-packaged optics (CPO) technology, leveraging Himax state-of-the-art WLO technology. This innovation integrates silicon photonic chips and optical connectors within MCM, replacing traditional metal wire transmission with high-speed optical communication. The technology significantly enhances bandwidth, boosts data transmission rates, reduces signal loss and latency, lowers power consumption, and significantly minimizes the size and cost of MCM. In working closely with FOCI, Himax is making significant strides through a solid partnership with leading AI semiconductor companies and foundry, with small-scale production of the first-generation CPO solution already underway. The significant increase in Q1 engineering validation and trial production volume, combined with the anticipated sample volume increases in the coming quarters, is a strong indication that CPO technology is being accelerated toward mass production. In addition, in close collaboration with leading AI customers/partners, Himax is speeding up the development of CPO technology for the next few generations. Himax is more optimistic than ever about the outlook for its WLO business, which is poised to generate significant growth opportunities and become a major revenue and profit contributor in the years ahead.

    Alongside the CPO progress, Company is witnessing a rise in engineering collaborations with global technology leaders who are utilizing Himax’s WLO expertise to make advanced waveguides for AR glasses, highlighting the growing recognition of Company’s WLO capabilities.

    LCoS

    On the update on LCoS, Company recently introduced its industry-leading 400K nits ultra-luminous Front-lit LCoS Microdisplay, setting a new benchmark for brightness with extremely low power consumption of merely 300mW. At CES 2025, Company showcased an AR glasses POC (Proof-Of-Concept) featuring the microdisplay with a third-party waveguide, achieving over 1,000 nits of brightness to the eye. This demonstration highlighted its suitability for outdoor, high ambient light conditions. With a lightweight of just 0.98 grams and ultra-compact form factor of less than 0.5 c.c., combined with excellent color performance, Himax’s Front-lit LCoS Microdisplay is ideal for all-day AR glasses and underscores the technology’s readiness for real-world applications.

    Following the recent release of Himax’s 400K nits ultra-luminous Front-lit LCoS Microdisplay, Himax is actively engaged in significant projects through strategic collaborations with industry leaders. Himax’s proven track record of over a decade in LCoS technology, coupled with a history of successful production shipments, highlights Company’s readiness to meet the demands of large-scale production of AR glasses.

    First Quarter 2025 Guidance
    Net Revenue: Decrease 8.5% to 12.5% QoQ, Flat to Up 4.6% YoY
    Gross Margin: Around 30.5%, depending on final product mix
    Profit: 9.0 cents to 11.0 cents per diluted ADS, Up 26% to 54% YoY  
       

    Himax noticed that some peers’ customers placed orders early due to tariff factors, especially in the consumer electronics sector, resulting in Q1 revenue forecasts exceeding normal seasonal demand. In contrast, no similar trend has been observed in the automotive semiconductor market. Since Himax’s automotive business accounts for more than half of its total revenues, Himax’s Q1 revenue forecast has not benefited from tariff factors.

    HIMAX TECHNOLOGIES FOURTH QUARTER AND FULL YEAR 2024 EARNINGS CONFERENCE CALL
    DATE: Thursday, February 13, 2025
    TIME: U.S.       8:00 a.m. EST
    Taiwan  9:00 p.m.
       
    Live Webcast (Video and Audio): http://www.zucast.com/webcast/br8wqbB4
    Toll Free Dial-in Number (Audio Only):
      Hong Kong 2112-1444
    Taiwan 0080-119-6666
    Australia 1-800-015-763
    Canada 1-877-252-8508
    China (1) 4008-423-888
    China (2) 4006-786-286
    Singapore 800-492-2072
    UK 0800-068-8186
    United States (1) 1-800-811-0860
    United States (2) 1-866-212-5567
    Dial-in Number (Audio Only): 
      Taiwan Domestic Access 02-3396-1191
    International Access +886-2-3396-1191
    Participant PIN Code: 3329013 # 
       

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 3329013 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where it will remain available until February 13, 2026.

    About Himax Technologies, Inc.
    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,649 patents granted and 402 patents pending approval worldwide as of December 31, 2024.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

    Company Contacts:

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw
      
    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    -Financial Tables-

    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Profit or Loss
    (These interim financials do not fully comply with IFRS because they omit all interim disclosure required by IFRS)
    (Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data)
      Three Months
    Ended December 31,
    		   3 Months
    Ended
    September 30,
        2024       2023       2024  
               
    Revenues          
    Revenues from third parties, net $ 237,182     $ 227,664     $ 222,401  
    Revenues from related parties, net   41       14       6  
        237,223       227,678       222,407  
               
    Costs and expenses:          
    Cost of revenues   164,963       158,669       155,795  
    Research and development   37,584       41,088       46,880  
    General and administrative   5,711       5,831       6,828  
    Sales and marketing   5,886       5,409       7,048  
    Total costs and expenses   214,144       210,997       216,551  
               
    Operating income   23,079       16,681       5,856  
               
    Non operating income (loss):          
    Interest income   2,042       1,934       2,297  
    Changes in fair value of financial assets at fair value through profit or loss   1,245       1,710       27  
    Foreign currency exchange gains (losses), net   690       (1,525 )     457  
    Finance costs   (964 )     (1,140 )     (1,018 )
    Share of losses of associates   (360 )     (14 )     (143 )
    Other losses   –       (1,932 )     –  
    Other income (losses)   60       (362 )     105  
        2,713       (1,329 )     1,725  
    Profit before income taxes   25,792       15,352       7,581  
    Income tax expense (benefit)   761       (7,933 )     (5,174 )
    Profit for the period   25,031       23,285       12,755  
    Loss (profit) attributable to noncontrolling interests   (423 )     280       268  
    Profit attributable to Himax Technologies, Inc. stockholders $ 24,608     $ 23,565     $ 13,023  
               
    Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders $ 0.141     $ 0.135     $ 0.075  
    Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders $ 0.140     $ 0.135     $ 0.074  
               
    Basic Weighted Average Outstanding ADS   175,008       174,724       174,727  
    Diluted Weighted Average Outstanding ADS   175,146       174,979       174,987  
    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Profit or Loss
    (Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data)
       
        Twelve Months
    Ended December 31,
          2024       2023  
             
    Revenues        
    Revenues from third parties, net   $ 906,737     $ 945,309  
    Revenues from related parties, net     65       119  
          906,802       945,428  
             
    Costs and expenses:        
    Cost of revenues     630,601       681,931  
    Research and development     160,329       171,392  
    General and administrative     24,121       25,037  
    Sales and marketing     23,530       23,856  
    Total costs and expenses     838,581       902,216  
             
    Operating income     68,221       43,212  
             
    Non operating income (loss):        
    Interest income     9,907       8,746  
    Changes in fair value of financial assets at fair value through profit or loss     1,363       1,655  
    Foreign currency exchange gains (losses), net     2,491       (768 )
    Finance costs     (4,014 )     (6,080 )
    Share of losses of associates     (831 )     (598 )
    Other losses     –       (1,932 )
    Other income     198       158  
          9,114       1,181  
    Profit before income taxes     77,335       44,393  
    Income tax benefit     (2,435 )     (5,028 )
    Profit for the period     79,770       49,421  
    Loss (profit) attributable to noncontrolling interests     (15 )     1,195  
    Profit attributable to Himax Technologies, Inc. stockholders   $ 79,755     $ 50,616  
             
    Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders   $ 0.456     $ 0.290  
    Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders   $ 0.456     $ 0.290  
             
    Basic Weighted Average Outstanding ADS     174,796       174,495  
    Diluted Weighted Average Outstanding ADS     175,014       174,783  
    Himax Technologies, Inc.
    IFRS Unaudited Condensed Consolidated Statements of Financial Position
    (Amounts in Thousands of U.S. Dollars)
     
        December 31,
    2024    		   December 31,
    2023    		   September 30,
    2024
    Assets            
    Current assets:            
    Cash and cash equivalents   $ 218,148     $ 191,749     $ 194,139  
    Financial assets at amortized cost     4,286       12,511       12,335  
    Financial assets at fair value through profit or loss     2,140       2,117       –  
    Accounts receivable, net (including related parties)     236,813       235,829       224,589  
    Inventories     158,746       217,308       192,458  
    Income taxes receivable     726       1,454       986  
    Restricted deposit     503,700       453,000       503,700  
    Other receivable from related parties     13       69       22  
    Other current assets     43,471       86,548       42,581  
    Total current assets     1,168,043       1,200,585       1,170,810  
    Financial assets at fair value through profit or loss     23,554       21,650       26,383  
    Financial assets at fair value through other comprehensive income     28,226       1,635       22,457  
    Equity method investments     8,571       3,490       2,945  
    Property, plant and equipment, net     121,280       130,109       122,333  
    Deferred tax assets     21,193       14,196       13,806  
    Goodwill     28,138       28,138       28,138  
    Other intangible assets, net     636       816       717  
    Restricted deposit     31       32       31  
    Refundable deposits     221,824       222,025       221,879  
    Other non-current assets     18,025       20,728       18,484  
          471,478       442,819       457,173  
         Total assets   $ 1,639,521     $ 1,643,404     $ 1,627,983  
    Liabilities and Equity            
    Current liabilities:            
    Current portion of long-term unsecured borrowings   $ 6,000     $ 6,000     $ 6,000  
    Short-term secured borrowings     503,700       453,000       503,700  
    Accounts payable (including related parties)     113,203       107,342       121,384  
    Income taxes payable     9,514       15,309       2,324  
    Other payable to related parties     –       110       –  
    Contract liabilities-current     10,622       17,751       25,694  
    Other current liabilities     63,595       109,291       54,673  
    Total current liabilities     706,634       708,803       713,775  
    Long-term unsecured borrowings     28,500       34,500       30,000  
    Deferred tax liabilities     564       520       505  
    Other non-current liabilities     7,496       35,879       11,361  
          36,560       70,899       41,866  
    Total liabilities     743,194       779,702       755,641  
    Equity            
    Ordinary shares     107,010       107,010       107,010  
    Additional paid-in capital     115,376       114,648       115,285  
    Treasury shares     (5,546 )     (5,157 )     (4,714 )
    Accumulated other comprehensive income     8,621       (180 )     3,507  
    Retained earnings     664,600       640,447       644,596  
    Equity attributable to owners of Himax Technologies, Inc.     890,061       856,768       865,684  
    Noncontrolling interests     6,266       6,934       6,658  
    Total equity     896,327       863,702       872,342  
         Total liabilities and equity   $ 1,639,521     $ 1,643,404     $ 1,627,983  
    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (Amounts in Thousands of U.S. Dollars)
     
        Three Months
    Ended December 31,    		   Three Months Ended
    September 30,
          2024       2023       2024  
                 
    Cash flows from operating activities:            
    Profit for the period   $ 25,031     $ 23,285     $ 12,755  
    Adjustments for:            
    Depreciation and amortization     5,564       5,115       5,640  
    Share-based compensation expenses     103       346       407  
    Losses (gains) on disposals of property, plant and equipment, net     4       (368 )     –  
    Loss on re-measurement of the pre-existing relationships in a business combination     –       1,932       –  
    Changes in fair value of financial assets at fair value through profit or loss     (1,245 )     (1,710 )     (27 )
    Interest income     (2,042 )     (1,934 )     (2,297 )
    Finance costs     964       1,140       1,018  
    Income tax expense (benefit)     761       (7,933 )     (5,174 )
    Share of losses of associates     360       14       143  
    Inventories write downs     4,037       5,727       2,269  
    Unrealized foreign currency exchange losses (gains)     (159 )     1,517       228  
          33,378       27,131       14,962  
    Changes in:            
    Accounts receivable (including related parties)     (27,302 )     8,163       8,548  
    Inventories     29,675       36,580       8,964  
    Other receivable from related parties     9       (29 )     33  
    Other current assets     2,502       (5,682 )     (778 )
    Accounts payable (including related parties)     (7,706 )     (627 )     (26,101 )
    Other payable to related parties     1       363       (102 )
    Contract liabilities     6       (958 )     667  
    Other current liabilities     2,508       3,014       (4,161 )
    Other non-current liabilities     71       393       (3,354 )
    Cash generated from operating activities     33,142       68,348       (1,322 )
    Interest received     3,513       2,665       860  
    Interest paid     (1,047 )     (1,140 )     (1,018 )
    Income tax paid     (191 )     (1,131 )     (1,658 )
    Net cash provided by (used in) operating activities     35,417       68,742       (3,138 )
                 
    Cash flows from investing activities:            
    Acquisitions of property, plant and equipment     (3,222 )     (15,052 )     (2,551 )
    Proceeds from disposal of property, plant and equipment     –       111       –  
    Acquisitions of intangible assets     –       (40 )     (9 )
    Acquisitions of financial assets at amortized cost     (2,286 )     (4,573 )     (1,500 )
    Proceeds from disposal of financial assets at amortized cost     10,289       784       617  
    Acquisitions of financial assets at fair value through profit or loss     (6,807 )     (5,375 )     (27,934 )
    Proceeds from disposal of financial assets at fair value through profit or loss     3,722       1,645       33,036  
    Acquisitions of financial assets at fair value through other comprehensive income     –       (1,379 )     –  
    Proceeds from disposal of financial assets at fair value through other comprehensive income     –       99       –  
    Acquisition of a subsidiary, net of cash acquired (paid)     (5,416 )     433       –  
    Proceeds from capital reduction of investment     338       360       –  
    Acquisitions of equity method investment     (1,236 )     –       –  
    Decrease (increase) in refundable deposits     (8 )     –       11,339  
    Net cash provided by (used in) investing activities     (4,626 )     (22,987 )     12,998  
                 
    Cash flows from financing activities:            
    Purchase of treasury shares     (832 )     –       –  
    Prepayments for purchase of treasury shares     (2,168 )     –       –  
    Payments of cash dividends     –       –       (50,670 )
    Payments of dividend equivalents     –       –       (233 )
    Proceeds from issuance of new shares by subsidiaries     –       916       –  
    Purchases of subsidiaries shares from noncontrolling interests     –       (9 )     –  
    Proceeds from short-term unsecured borrowings     –       36,932       –  
    Repayments of short-term unsecured borrowings     –       (37,226 )     –  
    Repayments of long-term unsecured borrowings     (1,500 )     (1,500 )     (1,500 )
    Proceeds from short-term secured borrowings     461,400       427,100       522,600  
    Repayments of short-term secured borrowings     (461,400 )     (427,100 )     (471,900 )
    Pledge of restricted deposit     –       –       (50,700 )
    Payment of lease liabilities     (1,340 )     (1,244 )     (979 )
    Guarantee deposits received (refunded)     219       (5 )     –  
    Net cash used in financing activities     (5,621 )     (2,136 )     (53,382 )
    Effect of foreign currency exchange rate changes on cash and cash equivalents     (1,161 )     873       985  
    Net increase (decrease) in cash and cash equivalents     24,009       44,492       (42,537 )
    Cash and cash equivalents at beginning of period     194,139       147,257       236,676  
    Cash and cash equivalents at end of period   $ 218,148     $ 191,749     $ 194,139  
                 
    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (Amounts in Thousands of U.S. Dollars)
        Twelve Months
    Ended December 31,
          2024       2023  
             
    Cash flows from operating activities:        
    Profit for the period   $ 79,770     $ 49,421  
    Adjustments for:        
    Depreciation and amortization     22,354       20,322  
    Share-based compensation expenses     1,247       2,663  
    Losses (gains) on disposals of property, plant and equipment, net     4       (368 )
    Loss on re-measurement of the pre-existing relationships in a business combination     –       1,932  
    Changes in fair value of financial assets at fair value through profit or loss     (1,363 )     (1,655 )
    Interest income     (9,907 )     (8,746 )
    Finance costs     4,014       6,080  
    Income tax benefit     (2,435 )     (5,028 )
    Share of losses of associates     831       598  
    Inventories write downs     13,551       21,540  
    Unrealized foreign currency exchange losses (gains)     (171 )     624  
          107,895       87,383  
    Changes in:        
    Accounts receivable (including related parties)     (40,738 )     20,804  
    Inventories     45,011       132,090  
    Other receivable from related parties     56       5  
    Other current assets     3,941       (3,863 )
    Accounts payable (including related parties)     14,567       7,676  
    Other payable to related parties     (110 )     (268 )
    Contract liabilities     45       (37,051 )
    Other current liabilities     (9,010 )     1,246  
    Other non-current liabilities     (2,260 )     (4,602 )
    Cash generated from operating activities     119,397       203,420  
    Interest received     9,732       8,567  
    Interest paid     (4,015 )     (6,080 )
    Income tax paid     (9,138 )     (53,066 )
    Net cash provided by operating activities     115,976       152,841  
             
    Cash flows from investing activities:        
    Acquisitions of property, plant and equipment     (13,054 )     (23,378 )
    Proceeds from disposal of property, plant and equipment     –       111  
    Acquisitions of intangible assets     (153 )     (115 )
    Acquisitions of financial assets at amortized cost     (11,236 )     (6,911 )
    Proceeds from disposal of financial assets at amortized cost     19,457       3,099  
    Acquisitions of financial assets at fair value through profit or loss     (76,003 )     (82,628 )
    Proceeds from disposal of financial assets at fair value through profit or loss     70,389       75,539  
    Acquisitions of financial assets at fair value through other comprehensive income     (17,164 )     (1,379 )
    Proceeds from disposal of financial assets at fair value through other comprehensive income     –       99  
    Acquisition of a subsidiary, net of cash acquired (paid)     (5,416 )     433  
    Proceeds from capital reduction of investment     338       360  
    Acquisitions of equity method investment     (1,236 )     –  
    Decrease (increase) in refundable deposits     33,562       (56,933 )
    Cash received in advance from disposal of land     –       2,821  
    Net cash used in investing activities     (516 )     (88,882 )
             
    Cash flows from financing activities:        
    Purchase of treasury shares     (832 )     –  
    Prepayments for purchase of treasury shares     (2,168 )     –  
    Payments of cash dividends     (50,670 )     (83,720 )
    Payments of dividend equivalents     (233 )     (148 )
    Proceeds from issuance of new shares by subsidiary     71       916  
    Purchases of subsidiaries shares from noncontrolling interests     (190 )     (9 )
    Proceeds from short-term unsecured borrowings     –       47,226  
    Repayments of short-term unsecured borrowings     –       (47,226 )
    Repayments of long-term unsecured borrowings     (6,000 )     (6,000 )
    Proceeds from short-term secured borrowings     1,780,300       1,383,300  
    Repayments of short-term secured borrowings     (1,729,600 )     (1,299,600 )
    Pledge of restricted deposit     (50,700 )     (83,700 )
    Payment of lease liabilities     (5,032 )     (4,830 )
    Guarantee deposits received (refunded)     (23,163 )     200  
    Net cash used in financing activities     (88,217 )     (93,591 )
    Effect of foreign currency exchange rate changes on cash and cash equivalents     (844 )     (200 )
    Net increase (decrease) in cash and cash equivalents     26,399       (29,832 )
    Cash and cash equivalents at beginning of period     191,749       221,581  
    Cash and cash equivalents at end of period   $ 218,148     $ 191,749  

    The MIL Network –

  • MIL-OSI Video: UK Modernisation Committee announces next steps

    Source: United Kingdom UK Parliament (video statements)

    Following its call for views, the House of Commons Modernisation Committee announces its next steps as it sets out to make the Commons more effective and accessible to all. Find out more: https://committees.parliament.uk/committee/736/modernisation-committee/news/205253/modernisation-committee-pushes-ahead-with-change-agenda/

    https://www.youtube.com/watch?v=t7UQgYTW2a4

    MIL OSI Video –

  • MIL-OSI United Kingdom: Thousands of small businesses to benefit from new government buying rules, boosting local jobs, growth and innovation

    Source: United Kingdom – Executive Government & Departments

    Thousands of small businesses across the country will have more opportunities to win valuable contracts with public sector organisations, kickstarting local economic growth and innovation

    • Complicated government buying processes will be simplified to make it easier for small businesses to win contracts, bringing jobs and growth to local areas and across the UK as government delivers on its Plan for Change.
    • Alongside measures for small business, companies that win public sector contracts will be told to advertise vacancies at local job centres to help get Britain back to work and breaking down barriers to opportunity for millions across the country. 
    • Further measures introduced to cut government waste and drive value for money.

    Thousands of small businesses across the country will have more opportunities to win valuable contracts with public sector organisations, kickstarting local economic growth and innovation and creating jobs for local communities as the Government delivers on its Plan for Change.

    Measures announced by the Government today will speed up and simplify procurement processes in the public sector, where £400 billion is spent each year on essential goods and services – driving growth and improving the lives of working people.

    The changes outlined today include proposals for a major shake-up of spending rules, with local councils able to reserve contracts for small businesses to maximise spend within their area and help boost local economies. 

    Alongside this, a new duty will be placed on firms that win contracts with government bodies to advertise jobs at job centres, delivering real change for people, bringing good jobs closer to home and getting Britain back to work. 

    The National Procurement Policy Statement (NPPS), will gear all parts of the public sector towards delivering growth. The new rules include eight actions to return public procurement back into the service of the country and working people, and drive forward the Plan for Change.

    Georgia Gould, Parliamentary Secretary at the Cabinet Office, said:

    Businesses tell me that the current system isn’t working. It is slow, complicated and too often means small businesses in this country are shut out of public sector contracts.

    These measures will change that, giving them greater opportunity to access the £400 billion spent on public procurement every year, investing in home grown talent and driving innovation and growth.

    This new policy statement sets out our vision for how procurement can put this country back into the service of working people, and deliver our Plan for Change – by making sure the public sector is committed to growing the economy and empowering our communities with innovation and opportunity.

    Current processes require Social Value measures on contracts, which put requirements on businesses to help bring forward positive change in communities and the country as a whole.

    However, there are currently multiple different approaches used across the public sector and potentially many different criteria, confusing business and making it harder to ensure the commitments made are actually delivered.

    The Government will be updating and streamlining the system used by all central government departments and their agencies to align it with the Government’s missions. 

    This will make it simpler to use, giving small businesses a better chance when bidding for contracts, and will make sure companies who profit from government work give back to the community.

    Small Business Minister Gareth Thomas said:

    For too long small businesses have been stuck on the sidelines of the procurement process with complicated bureaucracy and a confusing system. That changes today.

    These measures will mean small firms can more easily offer their expertise to key projects both locally and nationally, helping SMEs to scale up, securing jobs and creating opportunities across the country.

    AI and Digital Government Minister Feryal Clark said:

    There is a £45 billion jackpot of potential productivity savings if we make full use of technology across our public services, it is not an opportunity we can miss.

    To get this right, we need to make sure public sector organisations can get their hands on the right technology for them, quickly. That’s why our Digital Commercial Centre of Excellence will help the rest of the public sector invest in long-term solutions and stop hasty quick fixes.

    Alongside the NPPS, a range of measures to support its delivery and make savings across government are also being introduced. 

    This includes the development of a new AI tool for commercial teams across government to cut bureaucracy wherever possible – such as to simplify redacting contracts and quality assurance of procurement documents. 

    This includes the development of a new AI tool for commercial teams across government to cut bureaucracy wherever possible – such as to simplify redacting contracts and quality assurance of procurement documents. 

    As first announced in the blueprint for a modern digital government, a new Digital Commercial Centre of Excellence will also be set up in the Department for Science, Innovation and Technology to embed a “buy once and well” attitude, and drive innovative solutions to problems facing our public sector, securing long-term solutions rather than short-term fixes for digital and IT products and opening up opportunities for small and medium businesses to work on digital transformation. 

    The current system is broken: two departments might buy two types of equipment for the same purpose, requiring two teams with different individual skills to service and maintain. 

    The new approach means buying only once – requiring only one team, and one set of skills, removing duplication, saving the taxpayer money, and reducing waste in government.

    A new Commercial Innovation Hub is also being considered, to establish a golden link across government departments, embedding learnings from extraordinary events such as vaccine procurement into our day to day processes. This will support departments to deliver greater value from the new flexible powers offered by the Procurement Act – and act as a workshop to seek out innovative commercial solutions that drive greater value. 

    The NAO recently estimated there are between 8,000 and 21,000 frameworks available to public sector buyers through external third party organisations. These agreements are often not transparent, with hidden fees and charges, racking up the cost of common goods and services.

    A new Register of Framework agreements will be produced, shining a light on those rip-off frameworks from third party providers that are profiting off our local councils and NHS, taking money away from front line services.

    The Government will also be consulting on more reforms including a requirement for large contracting authorities to publish their three-year targets for small business and social enterprise spend and report on this annually – as well as the exclusion of suppliers from contracts worth more than £5million if they don’t complete prompt payments of invoices.

    Updates to this page

    Published 13 February 2025

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  • MIL-OSI United Kingdom: HS2 Ltd response to Construction Commissioner’s 31st report

    Source: United Kingdom – Executive Government & Departments

    High Speed Two (HS2) Ltd responds to the thirty-first Construction Commissioner’s report published in January 2025.

    Documents

    HS2 Ltd response to Construction Commissioner’s 31st report

    PDF, 181 KB, 2 pages

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    Request an accessible format.
    If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email HS2enquiries@hs2.org.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

    Details

    The HS2 independent Construction Commissioner’s report provides an update on issues raised in his previous report and comments on matters which may have an impact on future numbers of complaints.

    The independent Construction Commissioner’s role is to mediate and monitor the way in which HS2 Ltd manages and responds to construction complaints. The Construction Commissioner will mediate any unresolved construction related disputes between HS2 Ltd and individuals or bodies, and provides advice to members of the public about how to make a complaint about construction.

    Updates to this page

    Published 13 February 2025

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  • MIL-OSI United Kingdom: Fellowships launched to explore how AI could change the way scientists drive new discoveries

    Source: United Kingdom – Government Statements

    New government-funded fellowships will see researchers explore how AI can change the way we conduct research while 23 projects have been awarded funding to explore wider research and innovation.

    £4 million AI Metascience Fellowship Programme

    New government-funded fellowships exploring how AI could change the way scientists drive future discoveries are now open for applications, Science Minister Lord Vallance has announced today (Thursday 13 February).

    Metascience – the study of how science works – examines research practices, funding models, and how institutions operate to improve how science and research is conducted, and discoveries are made and applied. By understanding what makes scientific research more effective, metascience helps drive research breakthroughs faster and with greater impact – boosting economic growth and prosperity to drive our Plan for Change.

    The AI Metascience Fellowship Programme will fund research into key questions, including how AI is reshaping the research landscape and both changing and supporting the daily work of scientists. It will explore ethical concerns such as biases in AI-driven research and transparency in AI-generated discoveries and economic impacts like shifts in research jobs and funding priorities.

    The new fellowship builds on the momentum of the recent AI Action Summit, as global leaders work to ensure AI’s development benefits society and be rolled out across society in the public interest.

    AI is already revolutionising research with DeepMind’s AlphaFold accelerating drug discovery, while AI-powered lab robotics are automating complex experiments and machine learning is transforming how scientists analyse vast datasets.

    The programme will also examine how governments and businesses should respond, from ensuring AI-driven science remains rigorous and delivers reliable outcomes to supporting researchers to maximise their creative potential and spend less time on mundane tasks.

    Funding will go towards researchers to apply their expertise in examining the technology’s broader effects on research. The £4 million UK programme will run alongside a US-based cohort funded by the Alfred P. Sloan Foundation, creating a transatlantic research effort to examine AI’s impact on science. Fellows from both countries will attend a fully funded summer school, strengthening international collaboration and knowledge exchange.

    Applications are especially encouraged from projects exploring the impact of AI on research jobs and skills, how it affects the speed of scientific progress, and the challenges of ensuring AI-driven research remains reliable and explainable.

    Science Minister, Lord Vallance said:

    AI presents new opportunities in a range of sectors, and if researchers can demonstrate its potential to increase transparency, robustness and trust in science then this could pave the way to freeing them up from mundane paperwork tasks while driving growth.

    Supporting researchers to explore how AI can change the way we conduct research and through our joint support with Open Philanthropy for 23 projects exploring wider research and innovation, we will build a better understanding of what works in research – maximising impact, driving discoveries and improving lives.

    In addition to the Fellowship, Department for Science, Innovation and Technology (DSIT) and UK Research and Innovation (UKRI) have awarded £4.8 million in funding for 23 new research projects, which will tackle key questions about how to improve research and innovation, including AI’s impact on science, research integrity, and new models for funding and publishing research.

    It follows a funding call launched last year and includes £1.8 million in co-funding from Open Philanthropy, a US-based foundation.

    Among the winning projects:

    • University of Sheffield: Assessing whether large language models – like ChatGPT – can reliably review academic work and contribute to the UK’s Research Excellence Framework and journal peer review
    • University of Bath: Partnering with Sage Publishing and the Royal Society to test a two-stage peer review process, designed to increase trust in academic findings
    • University College London (UCL): Working with Google DeepMind and the UN Development Programme (UNDP) to explore how AI-driven research can be applied to global challenges, including sustainability and healthcare

    Notes to editors

    List of the Metascience grant winners.

    AI Peer: Large language models and academic peer review outcomes
    Michael Thelwall, University of Sheffield.

    Analysing the Reliability of Quantitative Impact Evaluations (ARGIE)
    Jack Blumenau, University College London.

    Assessing compliance with the FAIR Guiding Principles: a systematic evidence map of data availability in metabolomics research
    Matt Spick, University of Surrey.

    Big Science Beyond Science: The Innovation Impact of Research Infrastructure Procurement
    Riccardo Crescenzi, LSE.

    Commercialising Deep Tech: Understanding Frictions to University Invention Disclosure
    Ramana Nanda, Imperial College London.

    Cultural Traction: Embedding research culture strategy
    S Martin Holbraad, University College London.

    Evaluating the Development and Impact of AI-Assisted Integrity Assessment of Randomised Trials in Evidence Syntheses
    Alison Avenell, University of Aberdeen.

    Everything we (think we) know about Narrative CVs
    Liz Simmonds, University of Cambridge.

    Financial structures for enabling innovator participation and success: experimental evidence from challenge prizes
    Vidal Kumar, Nesta.

    Fostering a Dynamic Academic Ecosystem: Innovative Platforms and Methodologies for Econometrics
    Martin Weidner, University of Oxford.

    Making Replications Count: Identifying Barriers and Enhancing Impact with Innovative Dissemination Tools
    Lukas Wallrich, Birkbeck, University of London.

    Mapping impact pathways: improving our understanding of what mechanisms work in research translation
    Alexandra Pollitt, King’s College London.

    Metascience, research funding and policy priorities
    Annette Boaz, King’s College London.

    People or Projects (PoP)? Investigating different research funding styles
    Ohid Yaqub, University of Sussex.

    PRIME: Peer Review Improvement for Minimizing Bias in Evaluation
    Katherine Button, University of Bath.

    Providing empirical evidence to support greater equality, diversity, and inclusion (EDI) in research funding
    Philip Clarke, University of Oxford.

    Public value mapping for AI
    Jack Stilgoe, University College London.

    Research Software Engineer Metascience
    Heather Packer, University of Southampton.

    Sharing Code for Medical Research: An Audit Tool and Pilot at The BMJ
    Nicholas DeVito, University of Oxford.

    Supporting Research and Researchers through the deployment of Digital Notebooks: A framework for implementation and impact
    Andrew Stewart, University of Manchester.

    Transparent and Reproducible Science in the 21st Century: Unlocking the Benefits of Open Source Code
    Albert Bravo-Biosca, Nesta.

    Understanding Scientific Prizes – Structure, Evolution and Impact
    Ching Jin, University of Warwick.

    Working together or writing together?
    Steven Wooding, University of Cambridge.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 13 February 2025

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  • MIL-OSI Video: UK Watch live: Lords marks Holocaust Memorial Day

    Source: United Kingdom UK House of Lords (video statements)

    Find out more and see who’s taking part https://www.parliament.uk/business/news/2025/february/lords-marks-holocaust-memorial-day-2025/

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • Twitter: https://twitter.com/UKHouseofLords
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    #HouseOfLords #UKParliament

    https://www.youtube.com/watch?v=hVUrkE7ssvg

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  • MIL-OSI United Kingdom: RAF Digby personnel to benefit from £65 million new accommodation

    Source: United Kingdom – Executive Government & Departments

    The Defence Infrastructure Organisation has awarded a contract to construct 276 single occupancy bedrooms at RAF Digby.

    Artist’s impression of the new blocks. (Copyright Galliford Try/Arcadis)

    The Defence Infrastructure Organisation (DIO) has awarded a £65 million contract for new Single Living Accommodation (SLA) at RAF Digby in Lincolnshire.

    RAF Digby is the RAF’s oldest station, established in 1918, but is now operated by Strategic Command. The contract was awarded to Galliford Try with Arcadis as a Technical Support Provider and will see 4 new blocks of bedrooms created for junior ranks.

    Each block contains a kitchenette, drying rooms, laundry rooms and social spaces, as well as 69 single ensuite rooms.

    The buildings have been designed to be as carbon efficient as possible as part of MOD and wider government push towards net zero. They will benefit from solar panels and be heated using air source heat pumps.

    Other energy efficiency measures include:

    • provision for a system to recover heat from the waste water in the showers
    • temperature-controlled heating zones
    • energy efficient LED lighting
    • electric car charging points

    The contract value also includes provision of car parking, street lighting and landscaped outdoor communal areas. The contractors will be using local suppliers and labour as much as possible to benefit the local economy.

    John Weatherby, DIO’s Principal Project Manager, said:

    It’s fantastic to have reached this important milestone in our goal to transform the accommodation provision at RAF Digby with some high-quality new rooms for junior ranks serving at the station. We look forward to working with Galliford Try on the designs as we prepare for the start of construction in the coming months.

    Wing Commander Neil Hallett, Station Commander RAF Digby, said:

    This is an eagerly anticipated announcement welcomed by the service men and women stationed here. Having modern Single Living Accommodation will significantly improve the lived experience and there is buzz of excitement across the station following this contract award.

    This investment into Royal Air Force Digby is a clear demonstration by the MOD of its intent to enhance the accommodation offer to our personnel while making buildings more sustainable.

    Bill Hocking, Chief Executive of Galliford Try, said:

    We are delighted to be continuing our partnership with the DIO to deliver this much-needed facility for those serving at RAF Digby. We have a strong track record in providing this kind of facility to the armed forces and look forward to ensuring the personnel receive the high-quality living spaces they deserve.

    Construction is expected to start in March.

    Updates to this page

    Published 13 February 2025

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  • MIL-OSI United Kingdom: expert reaction to systematic review of studies on impacts of global pesticide use on biodiversity

    Source: United Kingdom – Executive Government & Departments

    A systematic review published in Nature Communications looks at the impact of pesticide use on biodiversity.

    Prof Oliver Jones, Professor of Chemistry, RMIT University, said:

    “There is a lot to like in this study. While the authors have not undertaken any new experiments, they have synthesised data from the existing scientific literature to make new deductions about the unintended effects of pesticides. They look at many different species worldwide and it’s great to see that they used environmentally realistic pesticide concentrations in the calculations

    “While the work has generated some useful insights, there are some points to keep in mind.

    “The word pesticide is a catch-all term for any substance used to control a species humans don’t want to be in a particular space. There are several subgroups: Herbicides are used to control plants, insecticides are used to control insects, etc. Because pesticides are designed to control classes of organisms, the fact that non-target species within those classes may also be affected is not new. While the study highlights negative impacts on over 800 non-target species, data was only available for these. Other species may also be impacted, but we don’t have the data on how.

    “There are also many, many pesticides in use, and some have much worse unintended effects than others. The types of pesticides and how they are used also differ between countries. Compounds used in one country are banned in others, making direct comparisons difficult.

    “Also, as the authors themselves point out, pesticide use is essential to modern agriculture; we could not feed the world’s population without them.

    “The above non-withstanding, the central tenet of this work—that if we are serious about reducing biodiversity loss, we need to be careful about how we use pesticides and look for alternative methods where possible—is very sensible. For example, the data from this work might be used to identify the compounds with the largest non-intended effects and remove them from common use in favour of those with the fewest non-intended effects.”

     

    Prof Toby Bruce, Professor of Insect Ecology, Keele University, said:

    “Increasing evidence of off-target effects of conventional pesticides means there is an urgent need to research and deliver alternative, better targeted approaches. Since the Green Revolution, farmers have been heavily reliant on pesticides for protecting their crops because many of the high yielding crop varieties we have today were developed as part of a package together with pesticides.”

    Dr Antonis Myridakis, Lecturer in Environmental Sciences, from Brunel University of London.

    “The study by Wan et al presents a comprehensive synthesis of the negative impacts of pesticides on a wide range of non-target organisms, incorporating data from over 1,700 studies and is methodologically sound. It is a quite extensive evaluation of pesticide effects on biodiversity. The findings reinforce existing concerns that pesticides have far-reaching consequences for non-target species, including plants, animals, fungi, and microbes, thereby contributing significantly to biodiversity loss.

    “The main conclusions are that pesticide exposure leads to reduced growth, reproduction and behavioural changes in a broad spectrum of species. However, while the study provides compelling evidence of harm to over 800 species, it does not comprehensively address the potential impacts on the vast number of other species not included in the dataset. Therefore, there is the possibility that the true extent of pesticide harm is even greater than reported. Another limitation is the reliance on available published data, which may introduce publication bias since studies reporting significant negative effects are more likely to be published than those finding minimal or no effects.

    “From a policy perspective, these findings highlight the need for stricter regulations on pesticide use and a broader implementation of Integrated Pest Management (IPM) strategies. It also underscores the necessity for improved risk assessment methodologies that incorporate ecosystem-wide effects rather than focusing solely on a few model species.

    “Overall, this study provides strong evidence that pesticides pose a significant and widespread threat to biodiversity. While it does not address every possible ecological consequence, its findings are a crucial step toward informing policymakers, farmers, and the public about the hidden costs of pesticide use.”

    Prof Tom Oliver, Professor of Applied Ecology, and Associate Pro-Vice Chancellor for Research (Environment), University of Reading:

    “Understanding the effects of the pesticides on wild species is hugely important. In combination with habitat loss and extreme weather from climate change, these chemicals are thought to be an important factor behind the devastation of our native biodiversity. Importantly, this study has corrected for ‘field-realistic’ levels of exposure. Many industrial chemicals are toxic if poured directly over animals and plants, but the important question is whether the concentration with which pesticides are applied from crops sprayers is damaging. The study finds that a whole range of ‘non-target’ organisations, i.e. those that aren’t pests, but are valuable plants, insects and fungi, are being impacted by these pesticides. Pesticides may be fatal to our native wildlife or they can have sub-lethal effects, such as disrupting growth, reproduction and behaviour (for example, the ability of bees to navigate effectively). The proliferation of certain harm causing human-made chemicals, which escape, or are purposely introduced, into the natural environment is a ticking time-bomb for the health of our ecosystems. It is fortunate that the UK Government (in the recently published 2025 National Risk Register) have now recognised pollution and environmental degradation as a ‘chronic risk’ faced by the UK.”

    ‘Pesticides have negative effects on non-target organisms’ by Nian-Feng Wan et al. was published in Nature Communications at 10:00am UK time on Thursday 13 February 2025. 

    DOI: 10.1038/s41467-025-56732-x

    Declared interests

    Dr Antonis Myridakis: Nothing to declare.

    Prof. Tom Oliver: employed by the University of Reading and has received funding from NERC, Green Finance Institute and BBSRC to develop methodologies for assessing nature-related risks.  He was previously seconded with the Government Office for Science to work with UK Cabinet Office on chronic and acute risks faced by the UK, and was seconded to Defra to help design their Systems Research Programme. He is lead educator on a Future Learn course “Using systems thinking to tackle the climate and biodiversity crisis” and is author of the book “The Self Delusion: The Surprising Science of Our Connection to Each Other and the Natural World” published by Weidenfeld & Nicholson. Oliver sits on the Food Standards Agency science council and is a member of the Office for Environmental Protection expert college.

    Prof Oliver Jones: Although it was over 15 years ago, I have worked and published papers with Dr David J. Spurgeon, who is one of the authors of this paper. I also conduct research on environmental contaminants, including pesticides. I have received funding from the Environment Protection Authority Victoria (https://www.epa.vic.gov.au/) and various water utilities for research on environmental pollution

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  • MIL-OSI United Kingdom: Njord report and safety flyer published

    Source: United Kingdom – Executive Government & Departments

    Capsize and foundering of a fishing vessel 150 nautical miles north-east of Peterhead, Scotland, with loss of 1 life.

    Image courtesy of SAR helicopter

    Today, we have published our accident investigation report into capsize and foundering of the stern trawler Njord (SH 90) on 6 March 2022, during which one crew member lost his life.

    The report, available via this link, contains details of what happened and subsequent actions taken.

    A safety flyer to the fishing industry has also been produced with this report.

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    Updates to this page

    Published 13 February 2025

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  • MIL-OSI United Kingdom: Funding boost to enhance walking and cycling routes in Portsmouth

    Source: City of Portsmouth

    Portsmouth City Council will use the funding to deliver improvements designed to help residents embrace healthier and more sustainable travel options. If approved, the council expects to use the funding to improve a crossing on London Road in North End, to make it easier and safer for people walking to navigate the busy district centre.

    This proposed improvement will build on the success of previous funding rounds, which delivered significant upgrades such as the new toucan crossing on Victoria Road North and the improved shared cycling and walking path outside Somerstown Hub. Together, these initiatives are helping to create a safer, more connected network of walking and cycling routes across the city.

    By making it easier and more appealing to travel actively, these upgrades aim to transform Portsmouth into a cleaner, greener, and better-connected city. Portsmouth City Council remains committed to supporting active travel as part of its vision for a healthier, more sustainable future, helping to reduce congestion, improve air quality, and create accessible travel options for everyone.

     Cllr Peter Candlish, Cabinet Member for Transport, Portsmouth City Council, said:
    “This funding allows us to build on the progress we’ve already made in improving walking and cycling across Portsmouth. Safer crossings, better routes, and School Streets are just some of the ways we’re making active travel the easy, accessible choice for everyone. These changes will create a healthier, better-connected city and support a cleaner, greener future for all.”

    The council’s transport service is now working to develop detailed plans for the proposed scheme, which will be presented for consideration at a future decision meeting.

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  • MIL-OSI United Kingdom: Wavensmere Homes starts work at £150m Wolverhampton Canalside South

    Source: City of Wolverhampton

    Established through a partnership between City of Wolverhampton Council and the Canal & River Trust, the site is located off Qualcast Road, just moments from the transport interchange. Benefiting from a prime waterside position, it enjoys frontage onto both the Wyrley & Essington Canal and the Wolverhampton Branch of the Birmingham Main Line Canal.

    Site enabling works are underway, with groundworks scheduled to commence in Q2 2025. The development will be delivered in 3 phases – progressing sequentially from east to west – to minimise disruption to the surrounding community, and support the timely delivery of essential infrastructure and amenities.

    Phase 1 will comprise 153 contemporary 2 and 3 bedroom houses, with completion scheduled for Q2 2027. Access to the first 2 phases will be provided via Qualcast Road, which will function as the primary Spine Road, seamlessly connecting all secondary routes within the development. Phase 3 will be accessed via Bailey Street and fully integrated into the wider road network, ensuring efficient traffic flow throughout the site and surrounding areas.

    The full regeneration and build programme is projected to complete by the end of Q3 2031.

    James Dickens, Managing Director of Wavensmere Homes, said: “Having received confirmation of £20m of development funding from the West Midlands Combined Authority and Frontier Development Capital only last week, we are thrilled to be demonstrating our focus on deliverability by starting work at Canalside South immediately. With Wavensmere’s proud history of regenerating vacant land in the Black Country, we have mobilised our local and regional supply chain and will transform this current eyesore into a landmark development we can all be immensely proud of.”

    Pat McFadden, MP for Wolverhampton South East said: “It was great to visit and see work getting underway at the former British Steel and Crane Foundry site in Horseley Fields, which has been lying vacant for over 15 years. This redevelopment will revitalise our city centre, while creating hundreds of jobs and giving a major boost to the local economy, now and in the future.”

    The former British Steel site was a regional distribution and stockholding centre which has stood empty since the collapse of British Steel in 2019.

    Councillor Stephen Simkins, Leader of City of Wolverhampton Council, said: “Seeing this impressive scheme get on site is monumental and shows the game changing regeneration the council and its partners are delivering in Wolverhampton. As part of our brownfield first strategy, bringing life back to the redundant sites along our canal network is critical to boosting footfall into our city centre and building communities.

    “The decision to put our faith in Wavensmere Homes has paid off with one of the largest new housing developments in the Midlands and the hundreds of jobs for local people that come with it.

    Ultimately, this £150m development will enable Wolverhampton residents to benefit from superb connectivity, amenities, and health and wellbeing opportunities at this wonderful heritage location.”

    Richard Parker, Mayor of the West Midlands, said: “Wolverhampton desperately needs more homes and getting spades in the ground on Canalside South is part of the solution to that. It’s also why I have invested £20m into the scheme. But it’s more than just bricks and mortar, it’s about creating a thriving new community and shaping a bright future for the city. And it will provide more than a hundred affordable homes for local people, a key priority for me in tackling the region’s housing crisis.”

    Canalside South is one of the biggest regeneration projects of its kind in the region. The overall vision for the Wolverhampton Canalside masterplan is the delivery of around 1,000 homes to meet both the city and wider region’s housing needs, with sustainability and place making at its heart.

    Designed by Glancy Nicholls Architects, the low rise development will emulate the surrounding conservation area and maximise the canalside setting. The scheme will include 7 acres of vibrant green space and open up a new pedestrian route to the city core – reducing the previous walk time by 20 minutes – and igniting new investment into a commercial corridor.

    There will be a total of 378 2 and 3 bedroom townhouses, designed to target an EPC A rated specification, together with 145 1 and 2 bedroom apartments. A building of 10 co-living units – each containing 6 bedrooms – will deliver affordable living typologies to young professionals. 54 houses, together with 80 apartment and co-living bedrooms will benefit from waterside views. The multi award winning urban regeneration specialist will also be reanimating the disused railway arches on the site into 1,338sqm (14,400 sq ft) of lettable commercial space.

    Wavensmere Homes will future proof the new homes by installing electric only heating systems. A range of technologies will be utilised across the development, consisting of air source heat pumps, solar panels and mechanical ventilation with heat recovery (MVHR). There will also be EV charging to each house or parking space, alongside an array of EV chargers for visitors.

    Birmingham headquartered Wavensmere Homes has 3,500 homes on site, or currently in planning. The firm is in the final phase of the £175m Nightingale Quarter, which is the redevelopment of the former Derbyshire Royal Infirmary into 925 energy efficient houses, apartments, and community amenities. The company is constructing 5 other major brownfield regeneration schemes, located in central Birmingham, Derby, Cheltenham, and Ipswich, and has further projects in the immediate pipeline.

    To view the plans, visit Canalside WV1.

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