Category: Europe

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 31.01.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    31 January 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 31.01.2025

    Espoo, Finland – On 31 January 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 872,093 4.49
    CEUX
    BATE
    AQEU
    TQEX
    Total 872,093 4.49

    * Rounded to two decimals

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

    Total cost of transactions executed on 31 January 2025 was EUR 3,912,384. After the disclosed transactions, Nokia Corporation holds 236,030,991 treasury shares.

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

    On behalf of Nokia Corporation

    BofA Securities Europe SA

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

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

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

    Inquiries:

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

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

    Attachment

    The MIL Network

  • MIL-OSI Europe: Miha Švent appointed as EIB Representative to Bosnia and Herzegovina

    Source: European Investment Bank

    • The EU Bank announces appointment of its new representative and remains committed to strengthening Bosnia and Herzegovina’s sustainable connectivity, climate action, energy security, and market competitiveness.
    • To date, EIB Global has provided €3.5 billion in affordable financial support and technical assistance to the country for strategic projects.

    The European Investment Bank (EIB Global) has appointed Miha Švent as its new representative for Bosnia and Herzegovina (BiH). Under the new stewardship, the EU bank will remain committed to supporting the country’s green transition, connectivity and progress on its EU accession path to build on the achievements made during the tenure of the outgoing EIB representative, Sandrine Friscia, whose mandate ended in 2024.

    Miha Švent brings nearly 30 years of experience in international development, public infrastructure financing and private business development. Prior to this appointment, he was a senior member of the EIB Advisory Department, where he led the advancement of advisory partnerships with international financial institutions, governments and development banks. Before joining the EIB, he worked for the European Bank for Reconstruction and Development, leading business advisory programmes in the Western Balkans and other regions. A Slovenian national, he holds master’s degrees from the Universities of Sheffield and Ljubljana.

    EIB Vice-President Robert de Groot, who is responsible for the Western Balkans, stated: “With the European Commission and our partners in Bosnia and Herzegovina, we are supporting projects that lead to improved road safety, a more secure and diversified energy supply, better water supply across municipalities, modern healthcare facilities, and new jobs. With €3.5 billion invested so far, we have increased the country’s climate and economic resilience, while creating conditions for more successful regional and EU market integration. Now, with the EU’s Growth Plan and our new representative, we hope to propel these initiatives even further.”

    Expressing his vision for the role, Miha Švent, the new EIB representative for Bosnia and Herzegovina, said: “I am honoured to take on this new role and look forward to further strengthening cooperation with all our partners in the country. Coming from the EIB advisory team, I would like to emphasise the importance of technical support in preparing strategic projects, which is often a prerequisite for accessing available EU funds, including grants under the Western Balkans Investment Framework. Therefore, as well as providing favourable financing, our priority for the country remains to strengthen the capacities of local project management teams, develop and implement new viable investments for the benefit of people and local businesses.”

    Among the milestones achieved in EIB-supported projects in 2024, the Herzegovina Bridge was inaugurated last September – the largest bridge on Corridor Vc in BiH, spanning nearly 1 km across the Neretva river. Additionally, Sarajevo has new state-of-the-art trams, 40 years after they were replaced, as part of the urban transport rehabilitation project.

    Background information:

    About the EIB and EIB Global

    The European Investment Bank is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. We aim to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to local people, companies and institutions through our offices around the world.

    About the EIB in BiH

    The EU bank has been active in BiH since 1977. To date, it has invested €3.5 billion, mostly in support of the transportation sector and small and medium businesses. For more information regarding the EIB’s projects in BiH, please refer to: https://www.eib.org/en/projects/regions/enlargement/the-western-balkans/bosnia-herzegovina/index.htm

    The EIB is one of the leading international financiers in the Western Balkans. For detailed information on the EIB’s activities in the Western Balkans, visit www.eib.org/en/publications/the-eib-in-the-western-balkans.

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – Special Committee on the Housing Crisis in the EU (HOUS) constituted – Special committee on the European Democracy Shield

    Source: European Parliament

    The European Parliament established a Special Committee on the Housing Crisis in the European Union on 18 December 2024. The committee’s primary objective is to propose solutions for decent, sustainable, and affordable housing for all European citizens.
    The Special Committee comprises 33 Members and will operate with a 12-month mandate.

    The constitutive meeting was held on 30 January 2025 in Brussels, where HOUS Members elected Ms Irene TIGNALI (S&D, Italy) as Chair. The following Members were elected as Vice-Chairs, forming the Bureau:

    First Vice-Chair: Mr Dirk GOTINK (EPP, Netherlands)
    Second Vice-Chair: Mr Vicent MARZÀ IBÁÑEZ (Greens, Spain)
    Third Vice-Chair: Mr Ciaran Mullooly (Renew, Ireland)
    Fourth Vice-Chair: Ms Regina Doherty (EPP, Ireland)

    Source : © European Union, 2025 – EP

    MIL OSI Europe News

  • MIL-OSI Europe: At a Glance – Exploring synergies between Horizon Europe and the EU Cohesion Policy – 31-01-2025

    Source: European Parliament

    This study examines the evolution and the current status of the implementation of synergies between Horizon Europe and the Cohesion Policy funds for research and innovation activities. It provides insights into the main barriers and drivers for the uptake of these synergies, along with possible pathways forward to achieve greater innovation outcomes. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Industry, Research and Energy (ITRE).

    MIL OSI Europe News

  • MIL-OSI Europe: Study – Exploring synergies between Horizon Europe and the EU Cohesion Policy – 31-01-2025

    Source: European Parliament

    This study examines the evolution and the current status of the implementation of synergies between Horizon Europe and the Cohesion Policy funds for research and innovation activities. It provides insights into the main barriers and drivers for the uptake of these synergies, along with possible pathways forward to achieve greater innovation outcomes. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Industry, Research and Energy (ITRE).

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Action to reduce energy prices and address significant disparities between EU Member States – E-000319/2025

    Source: European Parliament

    Question for written answer  E-000319/2025
    to the Commission
    Rule 144
    Dimitris Tsiodras (PPE)

    In its answer to the question from myself and other MEPs on the rising cost of electricity[1], the Commission announced an action plan for affordable energy prices. Since then, the price of energy has remained high, while price volatility is having a significant impact on households and the competitiveness of European businesses, which face very high energy costs compared to their competitors in non-EU countries. Immediate action is needed to bring down energy prices and address significant disparities between Member States.

    In view of the above, can the Commission say:

    • 1.In what stage of preparation is the above-mentioned action plan? Are there any updates regarding its timeline and content?
    • 2.Also in view of the upcoming publication of the Clean Industrial Deal, does it plan to include provisions on improving energy interconnections, increasing cross-border flows where there are significant price differences and creating a mechanism to compensate countries that are making investments that greatly benefit the European network?

    Submitted: 24.1.2025

    • [1] https://www.europarl.europa.eu/doceo/document/E-10-2024-001736_EN.html
    Last updated: 31 January 2025

    MIL OSI Europe News

  • MIL-OSI USA: The Department of Army identifies two of three Army Soldiers involved in Helicopter Crash

    Source: United States Army

    1 / 2 Show Caption + Hide Caption – Chief Warrant Officer 2 Andrew Loyd Eaves, 39, of Great Mills, Maryland (Photo Credit: U.S. Army) VIEW ORIGINAL
    2 / 2 Show Caption + Hide Caption – Staff Sgt. Ryan Austin O’Hara, 28, of Lilburn, Georgia (Photo Credit: U.S. Army) VIEW ORIGINAL

    WASHINGTON — A United States Army UH-60 Blackhawk helicopter crashed at approximately 9 p.m. while performing a training mission near Ronald Reagan Washington National Airport, Jan. 29. There was a three-person crew on board the helicopter. The UH-60 helicopter from the 12th Aviation Battalion, Davison Army Airfield, Fort Belvoir, Va., collided in midair with an American Airlines Bombardier CRJ700 regional jet Flight 5342 at Ronald Reagan Washington National Airport. The FAA, NTSB and the United States Army are investigating. The NTSB will lead the investigation. We are working with local officials and will provide any additional information once it becomes available.

    Staff Sgt. Ryan Austin O’Hara, 28, of Lilburn, Georgia, is believed to be deceased pending positive identification.

    The remains of Chief Warrant Officer 2 Andrew Loyd Eaves, 39, of Great Mills, Maryland, have not yet been recovered, therefore is duty status-whereabouts unknown (DUSTWUN).

    At the request of the family, the name of the third Soldier will not be released at this time. That pilot is also DUSTWUN.

    “Our deepest condolences go out to all the families and friends impacted during this tragedy, and we will support them through this difficult time. Our top priority is to assist in the recovery efforts, while fully cooperating with the National Transportation Safety Board (NTSB), the Federal Aviation Administration (FAA), and other investigative agencies to determine the cause of this tragic incident,” said Maj. Gen. Trevor J. Bredenkamp, commander Joint Task Force – National Capital Region/ U.S. Army Military District of Washington.

    Chief Warrant Officer 2 Eaves, served in the U.S. Navy from August 2007 to September 2017, then transitioned to a UH-60 pilot for the regular Army from September 2017 to present day. His awards include Army Commendation Medal x3, Navy Commendation Medal, Army Achievement Medal, Navy Achievement Medal x3, Navy “E” Ribbon x2, Navy Good Conduct Medal x3, National Defense Service Medal, Global War on Terrorism Expeditionary Medal, Global War on Terrorism Service Medal, Armed Forces Service Medal, Military Outstanding Volunteer Service Medal, Army Service Ribbon, Navy & Marine Corps Overseas Service Ribbon and Army Aviator Badge.

    Staff Sgt. O’Hara served as a UH-60 helicopter repairer (15T) in the regular Army from July 2014 to present day. He successfully deployed to Afghanistan from March 2017 to August 2017. His awards include Army Commendation Medal w/C Device, Army Commendation Medal, Army Achievement Medal x4, Army Good Conduct Medal x3, National Defense Service Medal, Afghanistan Campaign Medal with campaign star, Global War on Terrorism Service Medal, Noncommissioned Officer Professional Development Ribbon, Army Service Ribbon, NATO Medal, Aviation Badge and Senior Aviation Badge.

    For more information regarding Chief Warrant Officer 2 Eaves and Staff Sgt. O’Hara, members of the media may contact the Military District of Washington Public Affairs Office at usarmy.mcnair.mdw.mbx.mediadesk-omb@army.mil.

    MIL OSI USA News

  • MIL-OSI USA: MEDIA ADVISORY: Senate Majority Caucus to Hold Press Conference Announcing 2025 Legislative Priorities

    Source: US State of Georgia

    ATLANTA (January 30, 2025) — On Monday, February 3, at 3:00 p.m., the Georgia Senate Majority Caucus will hold a press conference to announce its 2025 legislative priorities. The press conference will include remarks from Lt. Governor Burt Jones, Senate President Pro Tempore John F. Kennedy (R–Macon) and Senate Majority Leader Steve Gooch (R–Dahlonega).

    EVENT DETAILS:

    • Date: Monday, February 3, 2025
    • Time: 3:00 p.m.
    • Where: Georgia State Capitol, South Steps, 206 Washington St., Atlanta, GA 30334
    • This Event is Open to the Public.

    MEDIA OPPORTUNITIES:

    We kindly request that members of the media confirm their attendance in advance by contacting Jantz Womack at SenatePressInquiries@senate.ga.gov.

    # # # #

    MIL OSI USA News

  • MIL-OSI United Nations: Committee on the Rights of the Child Closes Ninety-Eighth Session after Adopting Concluding Observations on Reports of Ecuador, Eritrea, the Gambia, Honduras, Peru, Saint Kitts and Nevis, and Slovakia

    Source: United Nations – Geneva

    The Committee on the Rights of the Child this afternoon concluded its ninety-eighth session after adopting concluding observations on the periodic reports under the Convention on the Rights of the Child of Ecuador, Eritrea, the Gambia, Honduras, Peru, Saint Kitts and Nevis, and Slovakia.  The concluding observations will be made available on the session’s webpage on Thursday, 6 February.

    In closing remarks, Ann Marie Skelton, Committee Chairperson, said that the Committee had worked steadily to hold States to account where they were failing to uphold children’s rights.  The Committee had observed staggering levels of violence against children, including sexual violence, in several of the States reviewed.  Further, the Committee had also seen a normative pushback against gender equality, happening against a backdrop of high rates of teenage pregnancy, which the Committee also noted in many of the countries reviewed this session.

    Over the three weeks in which the session was held, Ms. Skelton noted, many children around the world had continued their daily struggle to survive.  Over this period, the war in Sudan had raged on, with children bearing the brunt of it.  At least 23 children were reported to have died in January.  Tensions had also increased in the Democratic Republic of the Congo and there had been a surge in children who were separated from or not accompanied by their parents.

    Ms. Skelton thanked the Committee’s many partners for their cooperation during the session, including United Nations agencies, non-governmental organizations, national human rights institutions, children, Committee members, members of the Office of the High Commissioner for Human Rights, the Secretariat and other persons who had contributed to the session.

    Francisco Vera-Francisco, a young child rights advocate from Colombia, also addressed the Committee, saying that this was a crucial moment for children’s rights across the world.  In Colombia, the internal conflict continued to impact children’s wellbeing and rights, he said.  Several thousands of children had been displaced near the border with Venezuela. The same situation was seen around the world, with children’s rights violated in Sudan, Yemen and Gaza, where many thousands of children were killed.  The violence needed to stop now.  He concluded by calling on the Committee to continue fighting for children.

    During the meeting, five Committee Experts whose mandates are coming to an end – Mikiko Otani (Japan), Luis Ernesto Pedernera Reyna (Uruguay), Velina Todorova (Bulgaria), Ratou Jean Zara (Chad), and the Chair, Ann Marie Skelton (South Africa) – made statements of thanks and reflection on their tenure.

    The Committee adopted the report of its ninety-eighth session.

    Summaries of the public meetings of the Committee can be found here, and webcasts of the public meetings can be found here.  Documents related to the Committee’s ninety-eighth session can be found here.

    The Committee will hold its ninety-ninth session from 5 to 23 May 2025, when it is scheduled to review the periodic reports under the Convention of Brazil, Ethiopia, Indonesia, Iraq, Norway, Pakistan, Qatar and Romania, as well as the reports of Brazil and Pakistan under the Optional Protocol to the Convention on the Rights of the Child on the sale of children, child prostitution and child pornography.

    Statements

    ANN MARIE SKELTON, Committee Chairperson, said that the Committee had worked steadily to hold States to account where they were failing to uphold children’s rights.  The Committee had observed staggering levels of violence against children, including sexual violence, in several of the States reviewed.  There appeared to be widespread impunity regarding violence in the home and in communities and religious institutions.  In some States, children were in the grip of chaos caused by gang violence and organised crime.

    Over the last few years, Ms. Skelton said, the Committee had also seen a normative pushback against gender equality, which threatened to prevent adolescent girls from accessing reproductive health rights and services.  This was happening against a backdrop of high rates of teenage pregnancy, which the Committee also noted in many of the countries reviewed this session.

    Poverty stalked children’s lives in most of the States reviewed this session, and massive inequality left so many children behind.  Some States were also ambivalent about seeing children as independent rights holders.  Children were often not consulted and their views not considered in decisions that affected their lives.

    Over the last three weeks in which the session was held, Ms. Skelton noted, many children around the world had continued their daily struggle to survive. Over this period, the war in Sudan had raged on, with children bearing the brunt of it.  At least 23 children were reported to have died in January.  Tensions had also increased in the Democratic Republic of the Congo and there had been a surge in children who were separated from or not accompanied by their parents.

    On a more positive note, Ms. Skelton said, during the past three weeks, a ceasefire had been announced in Gaza.  Some detained teenagers had been released, and hostages were being released, which hopefully would include the two remaining child hostages.

    Ms. Skelton announced that one of the Committee’s decisions in a case concerning Finland had been voted as the top United Nations treaty body case of 2024 by the Hertie School Centre for Fundamental Rights.  The case concerned three Sami indigenous girls who challenged the permission for a mining exploration permit that threatened their way of life.  The Committee was happy to know that its decisions were attracting attention and having an impact on the lives of children.

    FRANCISCO VERAFRANCISCO, child rights advocate from Colombia, said that this was a crucial moment for children’s rights across the world. In Colombia, the internal conflict continued to impact children’s wellbeing and rights, he said.  Several thousands of children had been displaced near the border with Venezuela. The same situation was seen around the world, with children’s rights violated in Sudan, Yemen and Gaza, where many thousands of children were killed.  The violence needed to stop now.

    War was the most regrettable act that human beings could engage in, Mr. Vera-Francisco said.  In war, young soldiers killed each other for the sake of old men.  He said that, for him, children were the present, and killing children amounted to killing the present.  Countries needed to not lose hope and continue fighting for children’s rights.

    Countries declared a war on children when they made environmental issues worse, he said. More than seven trillion United States dollars had been dedicated to subsidising fossil fuels last year. Almost 30 per cent of global finances had been used to finance military activities.  In the latest Conference of the Parties, developed countries decided to dedicate only 300 billion United States dollars to climate financing, even though developing States had asked for 1.2 trillion dollars.

    All children had the right to live in a peaceful world, Mr. Vera-Francisco stressed.  Countries needed to continue fighting for peace, children’s rights and their well-being. States made many inspiring statements, but these needed to be backed up with actions.  Countries needed to make peace with nature and life.  Mr. Vera-Francisco concluded by calling on the Committee to continue fighting for children.

    ANN MARIE SKELTON, Committee Chairperson, reported that, as of 22 May, there were 196 States parties to the Convention on the Rights of the Child, with the United States having not ratified; 173 States parties to the Optional Protocol on the involvement of children in armed conflict; 178 States parties to the Optional Protocol on the sale of children, child prostitution and child pornography; and only 52 States parties to the Optional Protocol on the communications procedure.  There had been no new ratifications/accessions since the beginning of this session.

    Ms. Skelton said that during the session, the Committee had conducted 90 hours of meetings.  In addition to reviewing the reports of seven States parties, the Committee adopted decisions on eight individual communications received under the Optional Protocol on a communications procedure, concerning the child justice system, separation of children from parents subject to criminal sentences, and access to health services for children with disabilities being returned to their country of origin.  The Committee found no violation of the Convention in two cases against Switzerland, and declared the communications inadmissible in a case against Belgium and a case against Ecuador.  The Committee also discontinued the consideration of four cases after they had become moot.  Finally, the Committee adopted its report on follow up to individual communications, deciding to close the follow up dialogue in nine additional cases.

    During the session, the Committee also discussed inquiries under article 13 of the Optional Protocol.  It was currently dealing with four inquiries.  It had published the report of its second inquiry against Paraguay on the killing of two 11-year-old girls by security forces, which concluded that there had been a grave violation of the right to life.  The Committee had also adopted its latest inquiry report, which it would send to the State party concerned for their observations.

    Further, during the session, the Committee had received briefings from the United Nations Working Group on Discrimination against Women and Girls, the United Nations Children’s Fund and Child Rights Connect.  Ms. Skelton thanked the Committee’s many partners for their cooperation during the session, including United Nations agencies, non-governmental organizations, national human rights institutions and children. 

    She announced that the Committee had continued its work on the next general comment, concerning children’s rights to access to justice and effective remedies.  A first round of consultations on the general comment had gathered more than 300 submissions from different parts of the world, including children’s groups.  Ms. Skelton called on interested parties to look out for the second draft of the general comment and provide feedback.

    Also, during the session, the Committee held its sixteenth informal meeting with States at the Palais des Nations.  Sixty States participated and seven took the floor for observations and questions.

    In closing, Ms. Skelton expressed thanks to Committee members, members of the Office of the High Commissioner for Human Rights, the Secretariat and other persons who had contributed to the session.

    Ms. Skelton then invited the outgoing Committee Experts to make statements.

    MIKIKO OTANI, Committee Expert, said that during her time as Chair of the Committee, the Committee issued 37 public statements on country-specific issues concerning children.  She had also worked to mainstream child rights in the wider United Nations system and had contributed to the Secretary-General’s guidance note on child rights mainstreaming. She had advocated for child participation in major conferences and had invited children to speak in the public openings of the Committee’s sessions.  The diversity of the Committee had tremendously deepened her knowledge of children’s rights.  She expressed hope that the Committee would continue to use its voice to advocate for child rights in every possible way.

    LUIS ERNESTO PEDERNERA REYNA, Committee Vice-Chair, said that over the last eight years, the Committee had launched four general comments, adopted more than 100 decisions on individual communications, reached out to other treaty bodies and special procedures mandate holders, and increased its workload without budget increases.  There had also been attacks against the Convention in the name of family values on behalf of conservative and religious groups.  The Committee’s work was more necessary than ever, and it was vital to ensure that there was no backsliding.  Mr. Pedernera Reyna said that he had learned much from fellow Committee Experts.  He expressed thanks to the governments that understood the Committee’s mandate and opened their doors to the Committee, to civil society, which had made the Committee’s work easier, and to the children and adolescents who had shared their stories with the Committee. 

    VELINA TODOROVA, Committee Expert, thanked the States parties that elected her to the Committee.  She said she was grateful to the Committee and its secretariat, non-governmental organization partners, and children.  Her eight years on the Committee had been a time of progress for children but also frustration with the slow process of implementation of the Convention, coupled with an increase in hate and polarisation in societies and a lack of protection for human rights.  She expressed hope that the Committee would continue to work to protect children’s rights.

    RATOU JEAN ZARA, Committee Expert, said that the work that the Committee had accomplished over her time on it had been very important.  She had learned much each day and shared each member’s common aim of upholding children’s rights.  She had warm memories of her time on the Committee that she would incorporate into her daily work in Chad.  She wished the Committee all the best in its important work in upholding children’s rights.

    ANN MARIE SKELTON, Committee Chairperson, said that chairing an 18-member group had been challenging at times.  Listening to different voices from different countries made the Committee able to engage with States around the world while holding true to the Convention.  Members came and went, but the Committee remained.

    Ms. Skelton expressed concern about backsliding in children’s rights.  The Committee needed to be tough in this regard. It had a collective heart that needed to be big enough to think about all the children in the world.  The Committee had kept its finger on the pulse, reviewing the situation of children in situations of war around the world, including those in Ukraine, Sudan and Israel.  It was important that even States parties in conflict had interacted with the Committee.

    Children needed to grow up in an environment of happiness, love, understanding and peace, Ms. Skelton said.  She said she was proud of the jurisprudence that the Committee had built up over her time on it.

    BRAGI GUDBRANDSSON, Committee Vice Chair, on behalf of the remaining Committee members, expressed admiration for the outgoing members’ wonderful contributions to protecting children’s rights.  They had held States parties to account, and contributed to the Committee’s jurisprudence and general comments.  Further, they had been leaders in developing and promoting children’s rights globally. Their departure from the Committee represented a great loss.  They had set high standards that the remaining Experts needed to work to meet. He called on them to continue sharing their wisdom with the Committee after they left.

    FRANCISCO VERAFRANCISCO, child rights advocate from Colombia, also expressed thanks to the outgoing Experts on behalf of all children.  It was the responsibility of all to fight for children’s rights.  Everyone needed to stay focused to fight violence and hate, and keep fighting for children’s rights.

    __________

    CRC-25-010E

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Security Council Extends Mandate of United Nations Peacekeeping Force in Cyprus, Unanimously Adopting Resolution 2771 (2025)

    Source: United Nations General Assembly and Security Council

    The Security Council today decided to renew the long-standing United Nations peacekeeping presence in Cyprus for another year, underscoring the need to avoid any unilateral actions that could undermine the prospects for a peaceful settlement.

    Unanimously adopting resolution 2771 (2025) (to be issued as document S/RES/2771 (2025)), the 15-member organ decided to extend the mandate of the United Nations Peacekeeping Force in Cyprus (UNFICYP) — which was first deployed in 1964 — until 31 January 2026.  It affirmed its intention to continue to monitor the situation in Cyprus closely, review the resolution’s implementation after six months and consider any adjustments or other action as needed.

    Reiterating that disputes in the Eastern Mediterranean should be resolved peacefully in accordance with international law, the text urged the leaders of the two Cypriot communities and all involved parties to refrain from any actions and rhetoric that might damage the settlement process and raise tensions on the island.

    Accordingly, the Council condemned the continued violations of the military status quo along the ceasefire lines, the reported encroachment by both sides into the United Nations Buffer Zone and the ongoing reported military violations, calling on the sides and all involved parties to respect UNFICYP’s mandated authority in and around the Buffer Zone and refrain from unilateral actions that contravene it.  Additionally, the Council strongly urged full respect for UNFICYP’s freedom of movement throughout Cyprus and the cessation of all restrictions on the mission’s movement and access.

    Urging the sides to renew their efforts to achieve an enduring, comprehensive and just settlement based on a bicommunal, bizonal federation with political equality, the text welcomed the agreement between the Greek Cypriot leader, Nikos Christodoulides, and the Turkish Cypriot leader, Ersin Tatar, to explore the possibility of opening new crossing points.

    Relatedly, the text welcomed the Secretary-General’s plans to convene an informal broader meeting with the two sides and the guarantor powers — Greece and Türkiye — to discuss the way forward, encouraging further rounds of informal talks to freely negotiate a mutually acceptable settlement under United Nations auspices.

    The Council requested the Secretary-General to submit two reports — by 4 July 2025 and 5 January 2026 respectively — on his Good Offices, in particular on progress towards reaching a consensus starting point for meaningful results-oriented negotiations leading to a settlement, as well as on the implementation of this resolution.  It also encouraged the leaders of the two communities to provide relevant written updates every six months.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Activities of Secretary-General in Lebanon, 16-19 January

    Source: United Nations General Assembly and Security Council

    United Nations Secretary-General António Guterres arrived in Beirut, Lebanon, on 16 January.  Upon arrival he was met by the caretaker Foreign Minister of Lebanon, Abdallah Bou Habib.

    On Friday, the Secretary-General flew by helicopter from Beirut to Naqoura to visit UNIFIL — the United Nations Interim Force in Lebanon — to express his gratitude for the courage and determination of the UN peacekeepers who have been working in very challenging circumstances.

    During his time on the ground, the Secretary-General visited a number of UNIFIL positions, including one that had been under Israeli attack in 2024.

    In remarks to the assembled leadership of the UN mission, the Secretary-General told them that they are not just on the Blue Line of Lebanon, they are on the front line of peace, and that the UNIFIL mission is the most challenging environment for peacekeepers anywhere.  He added that their contributions have been crucial in supporting the restoration of stability in southern Lebanon and along the Blue Line.

    The continued occupation by the Israel Defense Forces inside the UNIFIL area operations and the conduct of military operations in Lebanese territory are violations of resolution 1701 (2006) and pose continued risk to your safety and security, Guterres told the peacekeepers.  He also noted that blue helmets had uncovered over a 100 weapons caches belonging to Hizbullah or other armed groups since 27 November 2024.

    The Secretary-General also said that strong support for, and closer coordination with, the Lebanese Armed Forces will be fundamental in supporting an enduring cessation of hostilities and realizing the ultimate goal of resolution 1701 (2006).  (See Press Release SG/SM/22525.)

    The Secretary-General returned to Beirut later in the afternoon where he met with France President Emmanuel Macron of France who was also on a visit to Beirut.

    In the evening, upon his return to Beirut, the Secretary-General, along with the UN Special Coordinator in Lebanon, Jeanine Hennis-Plasschaert, and the UNIFIL Force Commander, General Aroldo Lázaro, attended a working dinner hosted by the caretaker Prime Minister of Lebanon, Najib Mikati.

    On Saturday, the Secretary-General spent the day in Beirut where he met with President Joseph Aoun, Prime Minister Designate Nawaf Salam and the Speaker of the Parliament, Nabih Berri.

    The Secretary-General held a press conference late on Saturday afternoon.

    He returned to New York on Sunday, 19 January.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Activities of Secretary-General in Switzerland, 20-24 January

    Source: United Nations General Assembly and Security Council

    On Monday, 20 January, United Nations Secretary-General António Guterres departed New York for Switzerland. He arrived in Davos on Tuesday morning to attend the annual World Economic Forum.

    On Tuesday evening, the Secretary-General participated in a leadership dialogue on digital and emerging technologies where he promoted the recently adopted Global Digital Compact as a tool that provides a new framework to help ensure that technology benefits all of humanity — guided by strong guardrails that minimize risks, while amplifying the benefits.  He called on the private sector, the philanthropic community and Member States to work together, with their relative strengths, to ensure that artificial intelligence (AI) serves its highest purpose:  advancing human progress, equality and dignity for all countries and all people.

    The Secretary-General finished the day by delivering remarks at a dinner organized by the Global Investors for Sustainable Development.

    Early on Wednesday morning, the Secretary-General delivered an address to the World Economic Forum.  He outlined how climate change and ungoverned AI are two profound threats that demand much more attention and intelligent collaboration than they are receiving as they threaten to upend life as we know it.

    He also used very pointed language at the parts of the private sector that are actively backtracking on climate goals.  You are short-sighted and on the wrong side of history, Guterres said.

    “To the corporate leaders who remain committed to climate action,” the Secretary-General went on to say, “your leadership is needed now, more than ever.  Do not back down.  Stay on the right side of history.”

    Regarding artificial intelligence, the Secretary-General underscored how, through the Global Digital Compact, the United Nations is working with Governments, industry, and civil society to ensure that AI becomes a tool of opportunity, inclusion and progress for all people.

    In remarks at a discussion afterwards with Børge Brende, President and CEO of the World Economic Forum, the Secretary-General said that we have witnessed in recent days in Gaza an example of robust diplomacy that should be recognized.  (See Press Release SG/SM/22528.)

    The Secretary-General also participated in the annual off-the-record “IGWELL” lunch organized by the World Economic Forum, and he also continued with a number of bilateral meetings, including Félix-Antoine Tshisekedi Tshilombo of the Democratic Republic of the Congo, the Prime Minister of the Kurdish Autonomous Province of Iraq, Masoud Barzani, and also the President of the Inter-American Development Bank, Ilan Goldfajn.

    The Secretary-General also participated in the annual off-the-record IGWELL lunch organized by the World Economic Forum.

    On Thursday and Friday, Mr. Guterres attended the annual retreat with his Special and Personal Representatives and Envoys before leaving Switzerland.

    MIL OSI United Nations News

  • MIL-OSI USA: WATCH: Senator Reverend Warnock Highlights Potential Cost Spikes for Seniors Due to Trump Administration Policies in Senate Aging Hearing

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    WATCH: Senator Reverend Warnock Highlights Potential Cost Spikes for Seniors Due to Trump Administration Policies in Senate Aging Hearing

    During a Wednesday Senate Aging committee hearing, Senator Reverend Warnock highlighted the dangers of the temporary federal funding freeze issued by the Trump Administration and its impact on health care costs for seniors
    Senator Reverend Warnock also focused on the federal funding freeze’s potential negative impact on food affordability and accessibility
    Senator Reverend Warnock during the hearing: “This Trump freeze will hurt Georgia’s seniors, make life more expensive for them, including our veteran seniors who need care” 
    Hearing expert witness Alex Lawson: “The price of prescription drugs for decades, pharmaceutical corporations have been able to raise the prices year after year, enormously above the rate of general inflation. They do it because they can. They do it for greed alone and seniors pay the consequence of this”

    Watch video of Senator Reverend Warnock’s questioning at Wednesday’s Senate Aging committee hearing HERE
    Washington, D.C. – Today, during a Senate Aging Committee hearing, Senator Reverend Warnock continued to highlight the importance of lowering costs for seniors and working-class Georgians. The hearing, called Making Washington Work for Seniors: Fighting to End Inflation and Achieve Fiscal Sanity, brought attention to several Trump Administration policies and executive orders that are likely to increase everyday costs for seniors, making their medication, utility bills, and other everyday needs more expensive.
    “Seniors, particularly those of modest means, rely on these funds [vouchers programs] to help pay for food, medicine, in-home care, rent, energy and heating bills in the dead of winter, and many other federal programs that ensure dignity throughout a person’s life,” said Senator Reverend Warnock during the hearing. 
    During the hearing, Senator Warnock also addressed the importance of extending Premium Tax Credits, which were established through the Affordable Care Act, citing by example that a senior Georgia couple, with a household income of $80,000, would see their annual premium go up by nearly $17,000 if the credits aren’t extended.
    “Mr. Lawson, how would extending the enhanced PTC support the fiscal sanity of seniors?” Senator Warnock asked Alex Lawson.
    “It would be fiscal insanity not to extend it and think that it’ll do anything other than drive millions of older Americans into poverty because you can’t just increase a bill $16,000 and expect that money to just come from nowhere,” said Lawson.
    Senator Warnock has long championed efforts to expand affordable health care access, starting with his advocacy to close the health care coverage gap in Georgia. In the Inflation Reduction Act, Senator Warnock secured two of his proposals in the law capping the cost of insulin at $35 a month for Medicare patients and capping the cost of prescription drugs for seniors at $2,000 a year. The Senator also pushed for solutions to close the coverage gap. Last year, Senator Warnock introduced the Capping Prescription Costs Act,legislation to expand the cap of annual out-of-pocket prescription drug costs at $2,000 for individuals and $4,000 for families. Senator Warnock remains committed to preserving and protecting access to health care for all Georgians.
    Watch the Senator’s full remarks and line of questioning HERE.
    See below the transcript the exchanges between Senator Warnock and the Aging Committee witness.
    Senator Reverend Warnock (SRW): “Today’s hearing, discussing the consequences of high prices on seniors, could not be more timely. On Monday evening, the Trump Administration ordered a total illegal freeze of federal taxpayer funds going out to communities and Georgians. This illegal funding freeze includes programs that are essential to seniors with lower and fixed incomes. I’m thankful that a federal judge temporarily halted this illegal freeze yesterday afternoon, but these programs are still at risk. The Trump Administration, to be very clear, has rescinded the OMB memo. They have not rescinded the executive order.” 
    “Mr. Lawson will the pauses to payments for nutrition programs or the Older Americans Act make food more affordable and accessible for seniors?”
    Alex Lawson (AL): “No, Senator, it would do the opposite.”
    SRW: “So what they did on Monday night won’t help?”
    AL: “It will hurt.”
    SRW: “How about a pause on payments for federal housing vouchers? Will that help?”
    AL: “That will not help. That will also hurt.”
    SRW: “And what about a pause on energy assistance funds?”
    AL: “Same answer. This won’t help at all. It will only hurt seniors.”
    SRW: “I would agree with that. Seniors, particularly those of modest means, rely on these funds to help pay for food, medicine, in-home care, rent, energy and heating bills in the dead of winter, and many other federal programs that ensure dignity throughout a person’s life.”
    “This Trump freeze will hurt Georgia’s seniors, make life more expensive for them, including our veteran seniors who need care.”
    “Mr. Lawson, how can the federal government help bring down costs for seniors?”
    AL: “One of the best ways is to focus in on one of the key drivers, that is really the rock, in the rock and the hard place, that seniors are in.”
    “The price of prescription drugs, for decades, pharmaceutical corporations have been able to raise the prices year after year, enormously above the rate of general inflation.” 
    “They do it because they can. They do it for greed alone and seniors pay the consequence of this.”
    “That’s too often having to cut their pills in half, or forgo their prescriptions, or face the choice of am ‘I going to pay my rent, or my heating bill, or be able to afford my drugs this month.” 
    “That is the reality that millions of Americans face. Now, President Biden and Democrats in Congress passed a bill that allows Medicare to negotiate prescription drug prices for the first time ever, and there will be a reduction in the prices of some specific drugs. But what we could do is expand that to all drugs. Why get ripped off on any drugs?”
    SRW: “Absolutely. And I’m proud that in that provision which caps the cost of prescription drugs, my insulin bill, which caps the cost of insulin to no more than $35 of out-of-pocket costs per month for seniors.”
    “Insulin shouldn’t be expensive, and the fact that it is, prior to our engagement in this area, speaks to the outsized influence of Big Pharma in our politics.”
    “On his first day in office, President Trump signed a wave of executive orders, and one of these executive orders rolled back an initiative that would empower Medicare prescription drugs to offer generic drugs that treat chronic conditions for a flat $2 co-pay.”
    “Mr. Lawson, would capping the cost of medication at $2 help with seniors’ ability to afford other essentials like groceries?”
    AL: “Absolutely. There’s no doubt at all on that.”
    SRW: “How do high prescription drug costs affect seniors also dealing with inflation?”
    AL: “When a senior [is] forced to try to go get groceries and they can’t afford those groceries on the $1900 average Social Security cost per month, if their drug prices are going up month after month, 13 percent, they’re going be less able to afford those groceries. And we know that this price cap works because there is now a $2000 price cap on prescription drugs in the same bill that put in negotiation and the freedom that gives seniors the anxiety of ‘will I be able to afford my next bag of groceries’ is enormous.”
    SRW: “Absolutely.”
    “The Affordable Care Act established a premium tax credit to help everyday Americans afford their healthcare costs. Several years ago, Democrats in Congress passed legislation increasing the value of the premium tax credits to help families better afford health care while dealing with inflation. But if Congress fails to extend these tax credits before the end of the year, a 60-year-old couple in Georgia with a household income of say $80,000 will see their annual premium go up by $16,798.”
    “Mr. Lawson, how would extending the enhanced PTC support the fiscal sanity of seniors?”
    AL: “It would be fiscal insanity not to extend it and think that it’ll do anything other than drive millions of older Americans into poverty because you can’t just increase a bill $16,000 and expect that money to just come from nowhere.”

    MIL OSI USA News

  • MIL-OSI USA: Senator Reverend Warnock Reminds Georgians of Looming Deadline to Apply for FEMA Assistance for Hurricane Helene Recovery 

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Senator Reverend Warnock Reminds Georgians of Looming Deadline to Apply for FEMA Assistance for Hurricane Helene Recovery 

    Deadline is February 7, 2025 for Georgians to apply for federal relief in the counties designated for Individual Assistance
    To date, FEMA has provided $290,000,000 in individual and household assistance to Georgians impacted by Hurricane Helene
    Senator Reverend Warnock: “As state and federal partners continue to process and administer federal funding to help local communities, I will remain vigilant in ensuring Georgians impacted by these devastating storms get the full assistance they are owed”

    Senator Warnock distributing bottled water to the Augusta community following Hurricane Helene in 2024
    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) is reminding Georgians impacted by Tropical Storm Debby (August 4—20. 2024) and Hurricane Helene (September 24—October 30, 2024) in the counties designated for Individual Assistance that they have until February 7, 2025 to apply for FEMA assistance. To date, FEMA has provided $290,000,000 in individual and household assistance to Georgians impacted by Hurricane Helene.
    “I continue to pray for and work on behalf of all Georgians impacted by Hurricane Helene. I am proud we were able to pass major federal disaster relief for Georgia families and farmers recovering and I have been on the ground across the state helping to connect local communities to federal resources,” said Senator Reverend Warnock. “As state and federal partners continue to process and administer federal funding to help local communities, I will remain vigilant in ensuring Georgians impacted by these devastating storms get the full assistance they are owed.”
    The application period for federal disaster assistance ends on Friday, February 7, 2025. Counties approved for assistance for Hurricane Helene are: Appling, Atkinson, Bacon, Ben Hill, Berrien, Brantley, Brooks, Bryan, Bulloch, Burke, Butts, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Dodge, Echols, Effingham, Elbert, Emanuel, Evans, Fulton, Glascock, Glynn, Hancock, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Lanier, Laurens, Liberty, Lincoln, Long, Lowndes, McDuffie, McIntosh, Montgomery, Newton, Pierce, Rabun, Richmond, Screven, Stephens, Taliaferro, Tattnall, Telfair, Thomas, Tift, Toombs, Treutlen, Ware, Warren, Washington, Wayne, Wheeler and Wilkes.
    Counties approved for assistance for Tropical Storm Debby are: Bryan, Bulloch, Chatham, Effingham, Evans, Liberty, Long and Screven.
    If a Georgian has storm-related expenses and lives or owns a business in one of the listed counties, they are encouraged to apply for disaster assistance. FEMA assistance can provide grants, and the U.S. Small Business Administration (SBA) may offer loans for temporary housing, home repairs and other disaster-related needs. For more information or to apply online with SBA, visit sba.gov/disaster. Additional information is also available by calling the Customer Service Center at (800) 659-2955 or via email to disastercustomerservice@sba.gov.
    Georgians can apply for FEMA assistance online at DisasterAssistance.gov. Georgians can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day and help is available in most languages. Survivors can also contact the Georgia Call Center Monday through Saturday at 678-547-2861 for assistance with their application.
    To apply in person, visit a Disaster Recovery Center, where FEMA and SBA specialists can help you apply for assistance, upload documents, answer questions and provide information on available resources. Georgians may visit any open Disaster Recovery Center. For locations and hours, go online to fema.gov/drc. All centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology.
    For the latest information about Georgia’s recovery, visit fema.gov/helene/georgia and fema.gov/disaster/4821. 

    MIL OSI USA News

  • MIL-OSI United Kingdom: Essential work to improve Lendal starts 3 February

    Source: City of York

    Published Friday, 31 January 2025

    Two urgent improvement works are due to begin on Lendal. To ensure the safety of public and workers on site, Lendal will have daily and temporary closures to vehicles as follows:

    Northern Gas Networks will carry out essential work to the roadway on weekdays from Monday 3 February until Friday 14 February. The road will be open for deliveries and access before 10:30am and will be closed to vehicles from 10:30am until 5pm, Monday-Saturday.

    Outside those times, metal plates will be laid over the workings so vehicles can drive along Lendal. Pedestrian access will remain open throughout to ensure access to businesses.

    City of York Council will resurface and improve footways from 24 February for three months until late May 2025, weather permitting. The road will be open before 10:30am and closed to vehicles from 10:30am until 4pm each weekday.

    Outside those times, works will be barriered off but access will be maintained. Pedestrian access will remain open throughout. Pathways and cyclist routes will be maintained, where possible, to allow access to any properties and businesses safely. Emergency services will be permitted through the works at all times.

    Work will pause during the busy Easter holiday period from the end of Friday 4 April and start again on the morning of Tuesday 22 April. Access will be open during that period and the Blake Street barriers will be staffed as usual.

    Blue Badge parking will be suspended on Blake Street, Lendal and St Helen’s Square during the closure periods.

    During these two closures, access for Blue Badge holders will be via Goodramgate, which is used by the vast majority of Blue Badge holders. Blue Badge holders will be able to access and park along Goodramgate, Church Street and Colliergate as usual.

    Cllr Kate Ravilious, Executive Member for Transport at City of York Council, said:

    The decision to pause Blue Badge vehicle access along the Lendal loop has not been taken lightly, but the forthcoming roadworks are essential and the footway repairs will improve accessibility for everyone.

    “We have checked to see if these two periods of work could run alongside each other to minimise disruption. Unfortunately, the access needed for staff and vehicles couldn’t be safely operated.

    “We’re notifying Blue Badge holders, taxi drivers and affected businesses ahead of these temporary closures.”

    MIL OSI United Kingdom

  • MIL-OSI: Security Federal Corporation Announces Fourth Quarter and Annual Earnings and Financial Results for 2024

    Source: GlobeNewswire (MIL-OSI)

    AIKEN, S.C., Jan. 31, 2025 (GLOBE NEWSWIRE) — Security Federal Corporation (the “Company”) (OTCBB: SFDL), the holding company for Security Federal Bank (the “Bank”), today announced earnings and financial results for the quarter and year ended December 31, 2024.

    The Company reported net income available to common shareholders of $3.0 million, or $0.94 per common share, for the quarter ended December 31, 2024, compared to $3.6 million, or $1.12 per common share, for the fourth quarter of 2023. Year-to-date net income available to common shareholders was $8.9 million, or $2.77 per common share, for the year ended December 31, 2024, compared to $10.2 million, or $3.14 per common share, for the year ended December 31, 2023. Both the quarterly and year-to-date decreases in net income available to common shareholders were primarily due to increases in the provision for credit losses and non-interest expense, as well as the payment of preferred stock dividends during 2024, which were partially offset by increases in net interest income and non-interest income.

    Fourth Quarter Financial Highlights

    • Net interest income increased $818,000, or 7.8%, to $11.3 million as the increase in interest income exceeded the increase in interest expense.
    • Total interest income increased $1.9 million, or 10.1%, to $20.2 million while total interest expense increased $1.0 million, or 13.0%, to $9.0 million during the fourth quarter of 2024 compared to the same quarter in 2023. The increase in interest income and interest expense was the result of higher market interest rates and increased average interest-earning assets and interest-bearing liabilities.
    • Non-interest income increased $77,000, or 2.8%, to $2.8 million during the fourth quarter of 2024 compared to the same quarter in the prior year primarily due to an increase in gain on sale of loans.
    • Non-interest expense increased $472,000, or 5.2%, to $9.5 million during the quarter ended December 31, 2024, compared to the same quarter in the prior year primarily due to increases in salaries and expenses for employee benefits and cloud services.
      Quarter Ended
    (Dollars in Thousands, except for Earnings per Share) 12/31/2024   12/31/2023
    Total interest income $ 20,235   $ 18,384
    Total interest expense   8,982     7,949
    Net interest income   11,253     10,435
    Provision for credit losses   280     25
    Net interest income after provision for credit losses   10,973     10,410
    Non-interest income   2,847     2,770
    Non-interest expense   9,523     9,051
    Income before income taxes   4,297     4,129
    Provision for income taxes   879     513
    Net income   3,418     3,616
    Preferred stock dividends   414    
    Net income available to common shareholders $ 3,004   $ 3,616
    Earnings per common share (basic) $ 0.94   $ 1.12
           

    Full Year Comparative Financial Highlights

    • Net interest income increased $2.6 million, or 6.6%, to $41.8 million when compared to the prior year primarily due to increases in interest income on loans and interest income from our overnight time deposit account with the Federal Reserve Bank, which were partially offset by an increase in interest expense on deposits.
    • Total interest income increased $12.3 million, or 19.0%, to $77.3 million while total interest expense increased $9.8 million, or 37.9%, to $35.5 million.
    • Non-interest income increased $857,000, or 9.1%, to $10.2 million primarily due to increases in gain on sale of loans, trust income and ATM and check card fee income.
    • Non-interest expense increased $2.2 million, or 6.2%, to $38.1 million primarily due to increases in salaries and employee benefits expense and cloud services.
      Year Ended
    (Dollars in Thousands, except for Earnings per Share) 12/31/2024   12/31/2023
    Total interest income $ 77,306   $ 64,977
    Total interest expense   35,479     25,729
    Net interest income   41,827     39,248
    Provision for credit losses   1,370     246
    Net interest income after provision for credit losses   40,457     39,002
    Non-interest income   10,247     9,390
    Non-interest expense   38,140     35,914
    Income before income taxes   12,564     12,478
    Provision for income taxes   2,757     2,288
    Net income   9,807     10,190
    Preferred stock dividends   926    
    Net income available to common shareholders $ 8,881   $ 10,190
    Earnings per common share (basic) $ 2.77   $ 3.14
               

    Credit Quality

    • The Bank recorded a $1.5 million provision for credit losses on loans and a $110,000 reversal of provision for credit losses on unfunded commitments, resulting in a total provision for credit losses of $1.4 million during 2024 compared to a $601,000 provision for credit losses on loans and a $355,000 reversal of provision for credit losses on unfunded commitments, resulting in a total provision for credit losses of $246,000 during 2023.
    • Non-performing assets were $7.6 million, or 0.47% of total assets, at December 31, 2024, compared to $6.8 million, or 0.44% of total assets, at December 31, 2023.
    • The allowance for credit losses as a percentage of gross loans was 1.98% at both December 31, 2024, and 2023.
    At Period End (dollars in thousands): 12/31/2024 9/30/2024 12/31/2023
    Non-performing assets $ 7,636     $ 6,770     $ 6,825  
    Non-performing assets to total assets   0.47 %     0.43 %     0.44 %
    Allowance for credit losses $ 13,894     $ 13,604     $ 12,569  
    Allowance for credit losses to gross loans   1.98 %     1.95 %     1.98 %
                           

    Balance Sheet Highlights and Capital Management

    • Total assets were $1.6 billion at December 31, 2024, an increase of $62.1 million, or 4.0%, during 2024.
    • Total loans receivable, net was $687.1 million at December 31, 2024, an increase of $64.6 million, or 10.4%, during 2024.
    • Investment securities decreased $39.9 million, or 5.7%, to $660.8 million at December 31, 2024, as maturities and principal paydowns of investments exceeded purchases during 2024.
    • Deposits increased $129.0 million, or 10.8%, during the year to $1.3 billion at December 31, 2024.
    • Borrowings decreased $77.1 million, or 45.3%, during the year to $93.0 million at December 31, 2024, primarily due to the repayment of borrowings with the Federal Reserve Bank Term Funding Program and the redemption of our 10-year subordinated debentures in the amount of $16.5 million on their call date.
    • Common equity book value per share increased to $31.21 at December 31, 2024, from $27.69 at December 31, 2023.
    Dollars in thousands (except per share amounts) 12/31/2024 9/30/2024 12/31/2023
    Total assets $ 1,611,773     $ 1,576,326     $ 1,549,671  
    Cash and cash equivalents   178,277       132,376       128,284  
    Total loans receivable, net   687,149       686,708       622,529  
    Investment securities   660,823       672,054       700,712  
    Deposits   1,324,033       1,257,314       1,194,997  
    Borrowings   92,964       120,978       170,035  
    Total shareholders’ equity   182,389       185,082       172,362  
    Common shareholders’ equity   99,440       102,133       89,413  
    Common equity book value per share $ 31.21     $ 31.97     $ 27.69  
    Total risk-based capital to risk weighted assets (1)   19.96 %     19.21 %     19.49 %
    CET1 capital to risk weighted assets (1)   18.71 %     17.96 %     18.24 %
    Tier 1 leverage capital ratio (1)   9.88 %     10.27 %     9.83 %
    (1) – Ratio is calculated using Bank only information and not consolidated information
     

    Security Federal has 19 full-service branches located in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Augusta and Evans, Georgia. A full range of financial services, including trust and investments, are provided by the Bank and insurance services are provided by the Bank’s wholly owned subsidiary, Security Federal Insurance, Inc.

    Forward-looking statements:

    Certain matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide variety or range of factors including, but not limited to: potential adverse impacts to economic conditions in our local market area or other aspects of the Company’s business, operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth; economic conditions in the Company’s primary market area; demand for residential, commercial business and commercial real estate, consumer, and other types of loans; success of new products; competitive conditions between banks and non-bank financial service providers; changes in management’s business strategies, including expectations regarding key growth initiatives and strategic priorities; legislative or regulatory changes that adversely affect the Company’s business, including the interpretation of regulatory capital or other rules; the ability to attract and retain deposits; the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions; adverse changes in the securities markets; changes in accounting policies and practices, as may be adopted by the financial institution regulatory agencies or the Financial Accounting Standards Board, including additional guidance and interpretation on accounting issues and details of the implementation of new accounting methods; technology factors affecting operations, including disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems or on the third-party vendors who perform critical processing functions for us; pricing of products and services; environmental, social and governance goals and targets; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, and other external events on our business; and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. These factors should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake any responsibility to update or revise any forward-looking statement.

    The MIL Network

  • MIL-OSI United Kingdom: PM call with Prime Minister Ramgoolam of Mauritius: 31 January 2025

    Source: United Kingdom – Executive Government & Departments

    The Prime Minister spoke to the Prime Minister of Mauritius Navin Ramgoolam this afternoon.

    The Prime Minister spoke to the Prime Minister of Mauritius Navin Ramgoolam this afternoon. 

    The leaders began by reflecting on their first months in office and discussed the strong relationship between the UK and Mauritius, which they looked forward to expanding. 

    The Prime Minister underlined the need for a deal to secure the military base on Diego Garcia that ensures strong protections, including from malign influence, and that will allow the base to continue to operate. 

    Both leaders reiterated their commitment to a deal, and they looked forward to speaking again soon.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Press release: PM call with Prime Minister Ramgoolam of Mauritius: 31 January 2025

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    The Prime Minister spoke to the Prime Minister of Mauritius Navin Ramgoolam this afternoon.

    The Prime Minister spoke to the Prime Minister of Mauritius Navin Ramgoolam this afternoon. 

    The leaders began by reflecting on their first months in office and discussed the strong relationship between the UK and Mauritius, which they looked forward to expanding. 

    The Prime Minister underlined the need for a deal to secure the military base on Diego Garcia that ensures strong protections, including from malign influence, and that will allow the base to continue to operate. 

    Both leaders reiterated their commitment to a deal, and they looked forward to speaking again soon.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: A busy weekend ahead in the city centre as Manchester welcomes Year of the Snake

    Source: City of Manchester

    Manchester is expected to be even busier than usual this weekend (Feb 1 & 2) as the city comes together to welcome in the Year of the Snake, with a weekend full of activities including the annual Chinese New Year Dragon Parade which takes place on Sunday.

    Already a sea of colour with trees decked out in traditional red lanterns in celebration of the Lunar New Year, visitors heading into the city centre this weekend are promised a dazzling display of traditional and contemporary Chinese culture.

    The weekend’s activities – organised by the Federation of Chinese Associations of Manchester (FCAM) – will see Manchester’s Chinatown transformed into a festive wonderland with lanterns, music, food, and family-friendly activities.

    Anyone planning to come into Manchester and enjoy the activities is advised to use public transport and to travel as light as possible with no big bags, and to consider using back packs or other carriers for babies and toddlers as an alternative to pushchairs.

    Visitors should note that the busiest part of the weekend is likely to be from 12 noon to 2 pm on Sunday when the Dragon Parade takes place.  

    People coming in to see the parade should be aware that access into Chinatown may be restricted during this time in order to manage the number of people in the area, and they may be advised to enjoy the parade from elsewhere along the route instead.

    Chinatown visitors throughout the weekend will be able to enjoy a host of activities across the two days from 12 noon – 8 pm, including sampling a variety of delicious Chinese delicacies and authentic street food from local vendors.

    Mesmerising traditional dance and music performances will also be taking place on both Saturday and Sunday on the main stage in the Chinatown carpark.

    Other highlights include performances from the Guizhou Acrobatic Troupe at 2:45 pm and 3:45 pm on Sunday, and a DJ playing Cantonese and Mandarin pop songs from 8 pm – 10 pm on Saturday.

    FCAM’s famous Night Dragon will also be making appearances in the Chinatown carpark on Saturday at 6:30 pm and 7:30 pm, whilst Sunday will see the spectacular annual Dragon Parade take place, featuring a stunning traditional dragon, acrobatic performances, dancers and drummers.  

    Starting from the junction of Oxford Street and George Street at 12 noon on Sunday, the Dragon Parade will make its way along Portland Street, into Chinatown, with a final performance on Princess Street.

    This year’s festivities will culminate on Sunday evening with the record-breaking Illuminated Dragon which will take to the streets of Chinatown from 6:30 pm, featuring members of the public recruited earlier in the day by organisers to help take part in dancing the dragon.

    Away from Chinatown, activities will also be taking place at Central Library throughout the weekend, with an afternoon of arts and crafts on Saturday from 1 – 4 pm and a Hanfu Show featuring traditional Chinese clothing. 

    On Sunday, the Library will be throwing open its doors for the day to help even more families celebrate the Year of the Snake, with a fun-filled programme of dance and music performances, arts and crafts, face-painting, and much more. 

    The day will begin with an unmissable Lion Dance outside the Library at 11 am before the Library opens its doors at 11:30 am for a day of activities which finish at 4 pm.

    Cllr Pat Karney, City Centre spokesperson, Manchester City Council, said: “We know how much Mancunians love visiting Chinatown and joining in with all the fantastic celebrations to mark the start of the new lunar year. 

    “We want everyone to enjoy themselves but it will be busy so people should plan their visit accordingly.  Use public transport, travel light, think about what time will be best for you to come in, and most of all be kind to each other as you navigate your way around the city centre which is sure to be much busier than usual.” 

    Important travel and traffic advice

    Members of the public travelling into Manchester are advised to use public transport where possible.  
    More information and advice on travelling into Manchester this weekend is available on TFGM’s website here 

    A number of road closures will be in place over the weekend to allow the activities to take place. 

    Road closures

    Chinatown

    From 5am Saturday 1 February to 11.59pm Sunday 2 February:

    • Nicholas Street (George Street to Faulkner Street)
    • St James Street (Nicolas Street to Princess Street)
       

    From 5am to 11.59pm Sunday 2 February:

    • Faulkner Street (Princess Street to New York Street)
    • Reyner Street  (Princess Street to Charlotte Street)
    • St James Street (Princess Street to Charlotte Street)
    • Charlotte Street (Portland Street to Mosley Street)
    • George Street (Princess Street to New York Street)
    • Chain Street (George Street to Faulkner Street)
    • Back George Street (Dickenson Street to Charlotte Street)
    • Nicholas Street (Portland Street to Mosley Street)
    • Pine Street (Chain Street to New York Street)

    Parade route

    From 10am to 3pm Sunday 2 February:

    • Peter Street (Mount Street to Lower Mosley Street) soft closure at the junction of Peter Street / Deansgate. Access for residents and businesses only.
    • Oxford Street (Peter Street to Whitworth Street West)
    • Portland Street (Chepstow Street to Chorlton Street)
    • Princess Street (Major Street to Cooper Street)
    • George Street (Oxford Street to Princess Street)
    • St James Street (Oxford Street to Princess Street)
    • Back George Street (Dickinson Street to Princess Street)
    • Faulkner Street (Princess Street to Novotel Hotel Entrance/ End of Faulkner Street)
    • Dickinson Street (Back George Street to Portland Street and Portland Street to Linley House/end of Dickinson Street)
    • Bale Street (Hall Street to Lower Mosley Street)
    • Hall Street (Bale Street to Oxford Street) 
    • Soft Closure inbound at Whitworth Street/Princess Street, Whitworth Street/ Sackville Street, and Whitworth Street/Chorlton Street junctions. No through traffic. Access to residents, businesses, and buses only.  

    Parking suspensions

    Chinatown

    From 6pm on Friday 31 January to 11.59pm Sunday 2 February:

    • George Street (New York Street to Dickinson Street)
    • Nicholas Street (Portland Street to Mosley Street)
    • Faulkner Street (New York Street to Princess Street)
    • Charlotte Street (Portland Street to Mosley Street)
    • Chinatown Car Park (all bays)

    Accessible parking on Saturday can be found on Fountain Street (Booth Street to York Street) 

    Parade route

    From 8pm Saturday 1 February to 4pm Sunday 2 February:

    • Peter Street (Mount Street to Lower Mosley Street)
    • Mount Street (Windmill Street to Peter Street)
    • Oxford Street (Lower Mosley Street to Whitworth Street West)
    • Hall Street (Oxford Street to Bale Street)
    • George Street (Oxford Street to Dickinson Street)
    • St James Street (Oxford Street to Charlotte Street)
    • Chepstow Street (Oxford Road to Great Bridgewater Street)
    • Portland Street (Chepstow Street to New York Street)
    • Dickinson Street (Back George Street to Portland Street, and Portland Street to Linley House/end of Dickinson Street)
    • Princess Street (Cooper Street to Major Street)

    Accessible parking on Sunday can be found on Fountain Street (Booth Street to York Street) or Mount Street (Windmill Street to Albert Square).All bays, loadings bays, accessible parking bays, and taxi ranks, will be suspended.

    Metrolink

    Sunday 2 February

    Between 12 noon and 1pm there will be congestion around St Peter’s Square due to an increased number of pedestrians. Passengers are advised to expect delays.

    Chester Road roadworks

    There are significant road works taking place in the Chester Road roundabout area. Road travel into the city centre will be very busy, please use public transport if you can.

    Road closure information is also available here  

    More information about Chinese New Year and Lunar New Year celebrations in Manchester here 

    MIL OSI United Kingdom

  • MIL-OSI Global: DeepSeek claims to have cured AI’s environmental headache. The Jevons paradox suggests it might make things worse

    Source: The Conversation – UK – By Peter Howson, Assistant Professor in International Development, Northumbria University, Newcastle

    William Stanley Jevons also invented an early computer. University of Manchester Libraries / wiki, CC BY-SA

    AI burns through a lot of resources. And thanks to a paradox first identified way back in the 1860s, even a more energy-efficient AI is likely to simply mean more energy is used in the long run.

    For most users, “large language models” such as OpenAI’s ChatGPT work like intuitive search engines. But unlike regular web-searches that find and retrieve data from anywhere along a global network of servers, AI models return data they’ve generated from scratch. Like powering up a nuclear reactor to use a calculator, this tailored process is very inefficient.

    One study suggests the AI industry will be consuming somewhere between 85 and 134 terrawatt-hours (TWh) of electricity by 2027. That’s a similar amount of energy as the Netherlands consumes each year. One prominent researcher predicts that by 2030, over 20% of all electricity produced in the US will be feeding AI data centres (huge warehouses filled with computers).

    Big tech firms have always claimed to be heavy investors in wind and solar energy. But AI’s appetite for 24/7 power means most are developing their own nuclear options. Microsoft even plans to revive the infamous Three Mile Island power plant, scene of America’s worst ever civil nuclear accident.

    Despite Google’s ambitious target of being carbon neutral by 2030, the company’s AI developments mean its emissions have climbed 48% in the past few years. And the computing power needed to train these models increases tenfold each year.

    However, Chinese start-up DeepSeek claims to have created a fix: a model that matches the performance of established US rivals like OpenAI, but at a fraction of the cost and carbon footprint.

    An environmental game changer?

    DeepSeek has created a powerful open-source, relatively energy-lite model. The company claims it spent just US$6 million renting the hardware needed to train its new R1 model, compared with over $60 million for Meta’s Llama, which used 11 times the computing resources.

    DeepSeek uses a “mixture-of-experts” architecture, a machine-learning method that allows the model to scale up and down depending on the complexity of prompts. The company claims its model can also store more data and be trained without the need for huge amounts of expensive processor chips.

    Compared with its US rivals, DeepSeek promises to do more with less.
    Chitaika / shutterstock

    In reaction, US chip manufacturing and energy stocks plummeted following investor concerns that AI companies would rethink their energy-intensive data centre developments. As the world’s largest supplier of specialist AI processors, Nvidia saw its share price fall by US$589 billion, the biggest one-day loss in Wall Street history.

    Paradoxically, as well as upsetting the performance of US tech stocks, improving the energy efficiency of AI platforms could actually worsen the industry’s environmental performance as a whole.

    With tech stocks crashing, Microsoft CEO Satya Nadella tried to bring a longer-term perspective: “Jevons paradox strikes again!” he posted on X. “As AI gets more efficient and accessible, we will see its use skyrocket, turning it into a commodity we just can’t get enough of.”

    The Jevons paradox

    The idea that energy efficiency isn’t always a good thing for Earth’s resources has been around for well over a century. In 1865, a young Englishman named William Stanley Jevons wrote “The Coal Question”, a book in which he suggested that Britain’s place as an industrial superpower might soon come to an end, due to its rapidly depleting coal reserves.

    But to Jevons, frugality was not the solution. He argued: “It is wholly a confusion of ideas to suppose that the economical use of fuel is equivalent to a diminished consumption. The very contrary is the truth.”

    According to Jevons, any increase in resource efficiency generates an increase in long-term resource consumption, rather than a decrease. Because greater energy efficiency has the effect of reducing energy’s implicit price, it increases the rate of return – and demand.

    Jevons offered the example of the British iron industry. If technological advancements helped a blast furnace produce iron with less coal, profits would rise and new investment in iron production would be attracted. At the same time, falling prices would stimulate additional demand. He concluded: “The greater number of furnaces will more than make up for the diminished [coal] consumption of each.”

    More recently, the economist William Nordhaus applied this idea to the efficiency of lighting since the dawn of human civilisation. In a paper published in 1998, he concluded that in ancient Babylon, the average labourer might need to work more than 40 hours to purchase enough fuel to produce the equivalent amount of light emitted by a modern lightbulb for one hour. But by 1992, an average American would need to work for less than half a second to produce the same.

    Throughout time, efficiency gains haven’t reduced the energy we expend on lighting or shrunk our energy consumption. On the contrary, we now generate so much electric light that areas without it have become tourist attractions.

    Warming and lighting our homes efficiently, driving our cars, mining Bitcoin and, indeed, building AI models are all subject to the same so-called rebound effects identified in the Jevons paradox. And this is why it will be impossible to ensure a more efficient AI industry actually leads to an overall reduction in energy use.

    A Sputnik moment

    In the 1950s, the US was horrified when the Soviets launched Sputnik, the first space satellite. The emergence of a more efficient rival caused America to allocate more resources to the space race, not less.

    DeepSeek is Silicon Valley’s Sputnik moment. More efficient AI will probably mean more distributed and powerful models, in an arms race that is no longer made up only of US tech giants. AI offers superpower status, and the floodgates may now be fully open for the UK and other global competitors, as well as China.

    What’s for certain is that in the long term, the AI industry’s appetite for energy and other resources is only going to increase.

    Peter Howson has received research funding from the British Academy.

    ref. DeepSeek claims to have cured AI’s environmental headache. The Jevons paradox suggests it might make things worse – https://theconversation.com/deepseek-claims-to-have-cured-ais-environmental-headache-the-jevons-paradox-suggests-it-might-make-things-worse-248720

    MIL OSI – Global Reports

  • MIL-OSI USA: What They Are Saying: Gov. Kemp Unveils Plan to Tackle Tort Reform and Stabilize Insurance Costs for Hardworking Georgians

    Source: US State of Georgia

    ATLANTA, GA – In front of what AJC Political Reporter Greg Bluestein described as “one of the most crowded press conferences I’ve seen in years at the Gold Dome,” Governor Brian Kemp laid out his plan to level the playing field in our courtrooms, ban hostile foreign powers from taking advantage of consumers and legal proceedings, stabilize insurance costs for businesses and consumers, increase transparency and fairness, and ensure Georgia continues to be the best place to live, work, and raise a family.

    The announcement has since received praise from, leaders and members of the Georgia General Assembly, doctors, industry partners, and other stakeholders.

    Read more of what they are saying:

    Lieutenant Governor Burt Jones

    “My position on this important issue has always been the same. If we want to continue to be the #I state in which to do business, we must foster a business-friendly climate. We have to work together to ensure that we put families and consumers first by tackling the hidden costs we all pay thanks to Georgia’s current tort laws. I look forward to working with those in the General Assembly to move these bills through the legislative process.”

    Senator John F. Kennedy

    “Georgia’s current legal environment raises prices and undermines the ability of job creators to start and grow their business.

    @GovKemp’s tort reform legislation will level the playing field in our courts and stabilize costs for families and consumers. I look forward to working alongside my colleagues to get this meaningful tort reform across the finish line.”

    House Speaker Pro Tempore Jan Jones

    “…@GovKemp announced plans for lawsuit reform that will reduce insurance costs, helping business owners keep the lights on, while preserving citizens’ rights to legal relief. I look forward to discussing these issues and enabling Georgia to stay competitive.”

    Georgia House Republican Caucus

    “The Georgia House stands ready to support @GovKemp’s efforts this session to bring meaningful judicial reform to our state and ease burdens on our state’s job creators!”

    Caylee Noggle – President, Georgia Hospital Association

    Georgia Hospital Association members and their physicians applauded our elected leaders, including Office of Governor Brian P. Kemp , Lieutenant Governor Burt Jones , and Speaker Jon Burns, today in support of common sense, fair tort reforms that will rebalance the system and protect access to healthcare, improve patient safety and outcomes, and preserve our workforce.”

    Chris Clark – President/CEO, Georgia Chamber of Commerce

    “…Georgia took an important step forward to curb lawsuit abuse, to protect families, small business and our economic competitiveness. The Georgia Chamber of Commerce and our 50,000 members and their millions of hard working Georgians team members will work day and night for bipartisan legislation that ensures our legal system is focused on justice and not jackpots!”

    Katie Kirkpatrick – President & CEO, Metro Atlanta Chamber

    “MAC supports Governor Kemp for his strong commitment to enacting meaningful tort reform. As a top legislative priority for the Metro Atlanta Chamber, we know the critical importance of this effort to address key challenges faced by businesses and healthcare providers. Governor Kemp’s proposed legislative package aims to bring balance to legal proceedings and create parity with neighboring states.”

    Marsha Poorak – CEO, Southern Electric Company, LLC

    “Businesses in our state showed up strong this morning to support Governor Kemp’s tort reform efforts!  It was incredible standing on the steps behind him with medical professionals, construction workers, convenience store owners, and many more… The turnout demonstrated what we already know: tort reform is desperately needed by almost every industry in our state.”

    Georgia Child Care Association

    “Child care centers across Georgia are facing skyrocketing insurance premiums—some increasing over 20% annually. These rising costs make it harder for centers to stay open and affordable for families.

    The Georgia Child Care Association (GCCA) supports civil justice reforms to address the financial strain caused by excessive lawsuits and large settlements. Our goal is to strike a balance that ensures fair outcomes while reducing unnecessary financial burdens on child care providers.”

    Georgia Restaurant Association

    “We’re standing with Governor Kemp for Legal Reform! 💪

    GRA members proudly supported Governor Brian Kemp as he unveiled a new legislative package for comprehensive tort reform. This bill will protect both business owners and consumers from frivolous lawsuits, ensuring a more fair legal system. We look forward to to collaborating with the governor to advance this critical legislation!”

    Georgia Health Care Association/Georgia Center for Assisted Living

    “We commend Gov. Kemp for prioritizing these important reform efforts, which will promote accountability and help ensure resources are directed where they are most needed – toward providing high-quality care for residents and patients.”

    Georgia Association of Manufacturers 

    “As the only Association in the state focused solely on manufacturers, GAM strongly supports Governor Kemp’s tort reform initiative.”

    Georgia Motor Trucking Association

    “The time for change in Georgia is now. We are proud to stand in support of @GovKemp’s tort reform bill and fight for ALL Georgians.”

    Georgia Retailers

    “Thank you @GovKemp for your leadership! Your proposed reforms will protect responsible retailers and restore fairness and common sense. We are proud to stand with you!”

    Georgia REALTORS

    “GAR leadership and our advocacy staff joined Governor Kemp’s press conference supporting his tort reform legislative package, which aims to address Georgia’s challenging legal environment. GAR will continue working alongside state leadership to advance meaningful tort reform that promotes a fair legal system and economic growth across our state.”

    Georgia Senior Living Association

    “The Georgia Senior Living Association is grateful to Governor Brian Kemp, Lt. Governor Burt Jones, Speaker John Burns, and Insurance Commissioner John King for their support of the people and businesses in Georgia. Now is the time for GSLA action…”

    The Georgia Hotel & Lodging Association (GHLA)

    “The Georgia Hotel & Lodging Association (GHLA) and the hotel industry across our state fully support Governor Brian Kemp’s initiatives to bring much-needed litigation and insurance reforms to Georgia. Unchecked jury verdicts, soaring insurance premiums, and limited access to adequate coverage are placing an unsustainable burden on businesses, driving up operational costs, and jeopardizing the future of our industry. These proposed reforms are critical to restoring fairness and predictability, ensuring that Georgia continues to be a premier destination for both business and tourism”

    MIL OSI USA News

  • MIL-OSI USA: Sen. Sheikh Rahman: Weeks 2 & 3 of the Legislative Session 

    Source: US State of Georgia

    As we enter the heart of the legislative session, work under the Gold Dome is moving full speed ahead. Even as ice and snow swept across South Georgia and Atlanta last week, our commitment to serving the people of Georgia never wavered.

    We hit the ground running when we returned to the Capitol this past Monday. Some highlights included the Senate Democratic Caucus Press Conference, Alpha Kappa Alpha Sorority Inc. Day and Chamber of Commerce Day. I am always excited to see these events full of Georgians getting involved in our state government.

    As budget hearings for the next fiscal year continue over the remainder of session, we have a critical opportunity to shape investments that will directly impact our communities. Governor Brian Kemp’s proposed budget includes $50 million in security grants for individual schools—an essential step toward keeping students safe. However, proper school safety goes beyond physical security; it requires a commitment to addressing the broader issues affecting student well-being. I will continue advocating for a budget that supports working families, invests in underserved communities, and ensures every Georgian has the opportunity to succeed.

    On Tuesday, the Senate Democratic Caucus announced several key legislative priorities for this session. We introduced Senate Bill 50, a bipartisan effort to close health insurance gaps, expand mental health and maternal care access, and ensure working families can afford quality healthcare. Too many Georgians rely on emergency rooms for primary care because they lack affordable insurance. We believe every Georgian deserves reliable, accessible healthcare, and we will continue pushing for solutions that lower costs and expand coverage. In the coming weeks, we will introduce bills to raise the state minimum wage, improve public schools, and expand access to affordable childcare. Our focus remains on legislation that puts people first.

    I am pleased to have worked across the aisle and cosponsored several pieces of bipartisan legislation, including Senate Bill 9, or the “Ensuring Accountability for Illegal AI Activities Act.” Sponsored by Sen. John Albers (R—Roswell), SB 9 would create sentencing penalties for individuals who utilize artificial intelligence to develop obscene materials that could endanger vulnerable members of our population. 

    I encourage students between the ages of 12 and 18 to apply to spend a day as a Senate Page. This program allows students to participate actively in the legislative process at our State Capitol for a day during the legislative session. This program is an invaluable experience, and I encourage my younger constituents to participate. Interested students may apply for the program here.

    The weeks ahead will be eventful, with key debates and legislation shaping Georgia’s future. I’m committed to keeping you informed and ensuring your voice is heard. Thank you for your trust—I encourage you to stay engaged as we work toward a stronger, fairer Georgia.

    # # # #

    Senator Sheikh Rahman represents the 5th Senate District which includes portions of Lawrenceville, Norcross, Duluth, Tucker and Lilburn in Gwinnett County. He may be reached at (404) 463-5261 or by email at sheikh.rahman@senate.ga.gov.

    MIL OSI USA News

  • MIL-OSI: Combined General Meeting of January 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    Paris, France – January 31, 2025 – The Combined Annual General Meeting of Atos SE shareholders convened to approve the 2023 financial statements was held today at the Company’s registered office, chaired by Philippe Salle, Chairman of the Board of Directors until today and Chairman and Chief Executive Officer as of February 1, 2025.

    Broadcast live on the Atos website, the Annual General Meeting was a key opportunity to inform and exchange views with shareholders, who approved all the resolutions submitted to the vote.

    In particular, the Annual General Meeting approved the statutory and consolidated financial statements for the 2023 financial year.

    Detailed voting results and a replay of the Annual General Meeting will be available on the Atos website (under Investors – Annual General Meeting).

    Changes to the Board of Directors composition

    The Annual General Meeting approved all the ratifications of appointments submitted to it. In particular, the ratification of Philippe Salle’s appointment was approved by 94.18% of the votes cast.

    The shareholders approved the renewal of Sujatha Chandrasekaran’s term of office as Director, and the appointments of Joanna Dziubak and Hildegard Müller as new Directors.

    At the close of the Annual General Meeting, the Board of Directors noted the end of Mandy Metten’s term of office as the second Director representing employees, with the Board reduced to eight members (excluding the Director representing employees), and the expiry of the terms of office of Alain Crozier, Katrina Hopkins, Monika Maurer and Astrid Stange.

    On the recommendation of the Nomination and Governance Committee, the Board of Directors has decided to appoint Mandy Metten as a censor to the Board of Directors, with effect from today, subject to ratification by the next Annual General Meeting.

    The Board again noted the resignation of Jean Pierre Mustier from his duties as Chief Executive Officer and Director of the Company with effect from today. The Board also reiterated its unanimous decision of October 14, 2024 to combine the roles of Chairman and Chief Executive Officer, and to appoint Philippe Salle as Chairman and Chief Executive Officer with effect from February 1, 2025. The Board would like to thank Jean Pierre Mustier, who remarkably steered the Group’s restructuring, for his unfailing commitment and contribution to the Group’s success, as well as for the exemplary transition he implemented with Philippe Salle.

    At the close of the Annual General Meeting and the Board of Directors, the Atos Board of Directors comprised nine Directors, of whom 75% are independent Directors1 and 62.5% are women2, and one censor:

    • Philippe Salle, Chairman and Chief Executive Officer
    • Laurent Collet-Billon*, Vice-Chairman of the Board of Directors
    • Elizabeth Tinkham*, Lead Independent Director
    • Sujatha Chandrasekaran*
    • Joanna Dziubak*
    • Farès Louis, Director representing employees
    • Françoise Mercadal-Delasalles*
    • Jean-Jacques Morin*
    • Hildegard Müller
    • Mandy Metten, censor

    * Independent Directors

    The Board of Directors has also amended its Internal Rules3, in particular to strengthen the duties and resources of the Lead Independent Director, whose appointment is now mandatory when the roles of Chairman and Chief Executive Officer are combined. The matters reserved to the Board of Directors have also been extended.

    Changes to the Board Committees composition

    Taking into account its renewed composition, the Board has restructured its committees, as of today, on the recommendation of the Nomination and Governance Committee:

    • Audit Committee: Jean-Jacques Morin* (Chair); Laurent Collet-Billon*; Joanna Dziubak*; Sujatha Chandrasekaran*
    • Nomination and Governance Committee: Elizabeth Tinkham* (Chair); Sujatha Chandrasekaran*; Farès Louis; Joanna Dziubak*
    • Remuneration Committee: Laurent Collet-Billon* (Chair); Farès Louis; Françoise Mercadal-Delasalles*; Hildegard Müller
    • CSR Committee: Françoise Mercadal-Delasalles* (Chair); Hildegard Müller; Farès Louis

    * Independent Directors

    Philippe Salle, Chairman of the Board of Directors of Atos SE, said: “I am delighted by the confidence expressed by our shareholders. With a more compact and strengthened Board of Directors, we are fully mobilized and focused on deploying the Group’s new strategy. On behalf of the entire Board of Directors, I would like to thank the Directors whose terms of office have ended for their commitment and contribution to Atos during this critical period.

    ***

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations: David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96
    Individual shareholders: 0805 65 00 75
    Press contact: globalprteam@atos.net


    1 In accordance with article 10.3 of the AFEP-MEDEF Code, the Director representing employees is not taken into account in determining the percentage of independent members.

    2 In accordance with the law, the Director representing employees is not taken into account in determining the parity ratio on the Board of Directors.

    3 Available on the Atos website, under Investors – Corporate Governance.

    Attachment

    The MIL Network

  • MIL-OSI Russia: IMF Executive Board Concludes 2024 Article IV Consultation with Samoa

    Source: IMF – News in Russian

    January 31, 2025

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Samoa on January 16, 2025 and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    Samoa’s economic recovery has been remarkable. Following a 15 percent contraction over 3 years during the pandemic, GDP growth rebounded to 9.2 percent in FY2023 and accelerated further to 9.4 percent in FY2024, driven by a quick recovery in the tourism sector. Inflation has declined from double digit levels in FY2023 to 2.9 percent year-on-year in October 2024. The fiscal surplus increased further to 10.1 percent of GDP in FY2024, supported by robust grant flows, buoyant tax revenues, and restrained expenditures, including low capital spending amid capacity constraints. The current account moved to a surplus in FY2024 which, combined with continued strong grant inflows, supported a significant increase in foreign reserves.

    GDP growth is projected to remain robust at 5.5 percent in FY2025, driven by an anticipated pickup in public investment and the preparations and hosting of the Commonwealth Heads of Government Meeting (CHOGM). Inflation is expected to rise moderately amid the ongoing economic recovery. While the near-term outlook remains favorable, growth is expected to slow to the historical average of around 2 percent in the medium term. Furthermore, risks to the outlook are skewed to the downside amid heightened global uncertainties and potential pressures on inflation, including from significant excess liquidity in the banking system.

    Executive Board Assessment

    In concluding the 2024 Article IV consultation with Samoa, Executive Directors endorsed the staff’s appraisal, as follows:

    Samoa’s near-term economic outlook remains favorable. GDP growth in FY2025 is projected to remain well above pre-pandemic levels, supported by the preparations and hosting of CHOGM and the envisaged expansionary fiscal stance. Inflation is expected to rise moderately as the economic recovery continues. GDP growth is expected to converge towards the historical average of about 2 percent over the medium-term. Risks to the outlook are tilted to the downside, including from a slowdown in key trading partners amid heightened global uncertainty, as well as upside risks to inflation from external and domestic sources.

    Samoa’s recent policy mix has helped build significant economic buffers but has also presented challenges. Large fiscal surpluses have improved debt dynamics, resulting in an upgrade to Samoa’s debt distress rating from high to moderate in the IMF-WB DSA, but low capital spending is undermining the economy’s productive capacity. The tight fiscal stance, coupled with high grants and remittance inflows and the exchange rate peg, has resulted in the emergence of a large current account surplus with the external sector assessed to be substantially stronger than the level implied by fundamentals and desired policy settings. The resulting large build up in foreign reserves has also created excess liquidity in the banking system.

    An expansionary fiscal stance will support the economy, while fiscal reforms can improve the effectiveness of policy and mitigate risks. The focus in the near term should be overcoming capacity constraints to execute much needed public investment, including climate-related projects.

    Maintaining PFM controls over the DDP, including through the election cycle, remains a priority. Improving fiscal data and implementing further PFM reforms can also help improve policy formulation, implementation, and credibility. Fully reversing the pandemic-era utility tariff cuts, while implementing any support for low-income households transparently through the budget, can help address lingering weakness in some SOEs while protecting the vulnerable.

    Monetary policy normalization should continue, with an aim to guide interest rates higher. The exchange rate peg remains the appropriate nominal anchor. However, to guard against domestic inflation risks, monetary policy should aim to reduce excess liquidity to reasonable levels and push real short-term rates to positive territory.

    Further strengthening financial supervision and regulation, including for PFIs, should be a priority. Financial sector risks have declined relative to the pandemic but require continued monitoring. Priorities for the banking system include operationalizing the emergency liquidity assistance framework and enhancing prudential standards. Upgrading governance and prudential regulations for PFIs is also needed to contain potential risks. Establishing an online credit registry will help advance financial inclusion.

    A multi-pronged approach can help mitigate CBR pressures. Strengthening the AML/CFT legal framework and implementing effective risk-based supervision will help prepare Samoa for its APG mutual evaluation in 2027. Ensuring the timely rollout of the e-KYC facility and the National Digital ID will help improve customer due diligence. Given low ML/TF risks from remittance payments, effort should be made to streamline regulatory and supervisory requirements on both sides of main remittance corridors.

    Overcoming significant structural challenges which impede the medium-term growth potential will require concerted reform efforts. Key priorities include attracting foreign investment, reducing trade facilitation costs, and mitigating the impact of the pickup in the seasonal workers program, including by enhancing human capital and raising labor force participation rates.

    Table 1. Samoa: Selected Economic and Financial Indicators 1/

    Proj.

    2020/21

    2021/22

    2022/23

    2023/24

    2024/25

    2025/26

    2026/27

    2027/28

    2028/29

    Output
    and
    Inflation

    (12-month percent change)

    Real GDP

    -7.0

    -5.4

    9.2

    9.4

    5.5

    2.8

    2.1

    2.0

    2.0

    Nominal GDP

    -7.5

    0.0

    18.0

    14.9

    8.7

    6.0

    5.2

    5.0

    5.1

    Consumer price
    index
    (end of period)

    4.1

    10.8

    10.7

    0.8

    3.5

    2.6

    3.0

    3.0

    3.0

    Consumer price
    index
    (period average)

    -3.0

    8.7

    12.0

    3.6

    3.1

    3.0

    3.0

    3.0

    3.0

    Central Government Finances

    (In percent of GDP)

    Revenue
    and grants

    36.5

    38.5

    34.1

    36.0

    33.0

    32.0

    31.5

    31.5

    31.4

    Of which: Grants

    6.8

    9.4

    4.5

    6.2

    4.2

    4.0

    4.0

    4.0

    4.0

    Expenditure

    34.7

    33.1

    31.0

    25.9

    33.1

    33.5

    33.4

    33.5

    33.6

    Of which: Expense

    31.3

    32.2

    27.5

    25.7

    27.9

    28.3

    28.2

    28.3

    28.2

    Of which: Net acquisition
    of non-financial assets

    3.4

    0.9

    3.5

    0.3

    5.2

    5.2

    5.2

    5.2

    5.4

    Overall balance

    1.7

    5.4

    3.0

    10.1

    -0.1

    -1.5

    -1.9

    -2.0

    -2.2

    Gross debt outstanding

    46.3

    43.7

    33.3

    27.7

    22.5

    19.3

    20.4

    21.5

    22.6

    Money
    and
    Credit Aggregates

    (12-month percent change)

    Broad
    money (M2)

    8.1

    2.2

    16.3

    7.7

    7.5

    6.0

    6.0

    6.0

    6.0

    Private
    sector
    credit, commercial banks

    1.5

    0.2

    -2.6

    3.5

    4.0

    5.0

    5.0

    5.0

    5.0

    Private
    sector
    credit,
    other financial corporations

    -0.9

    4.9

    2.9

    8.2

    Private
    sector
    credit,
    total
    financial system

    2.0

    0.6

    -0.1

    3.7

    Private Sector Credit

    (In percent of GDP)

    Commercial banks

    53.1

    53.2

    43.9

    39.5

    Total financial system

    94.0

    94.6

    80.1

    72.3

    Bank Financial Soundness

    Regulatory capital to risk-
    weighted assets, ratio

    28.1

    28.8

    33.2

    29.0

    Non-performing loans to
    total gross loans, ratio

    3.7

    4.6

    4.7

    4.6

    Balance of Payments

    (In percent of GDP)

    Current account balance

    -14.5

    -11.3

    -3.3

    4.0

    -0.5

    -1.2

    -1.3

    -1.6

    -2.0

    Merchandise exports,
    f.o.b.

    4.1

    3.8

    4.6

    3.5

    3.4

    3.5

    3.5

    3.5

    3.7

    Merchandise imports, f.o.b.

    37.8

    41.4

    47.1

    41.3

    43.0

    42.9

    42.7

    42.5

    42.5

    Services
    (net)

    -3.9

    -2.9

    10.8

    17.6

    16.4

    16.0

    16.0

    16.0

    16.0

    Of which: Tourism receipts

    0.0

    0.0

    16.4

    21.0

    21.9

    21.5

    21.5

    21.5

    21.5

    Income
    (net)

    -1.7

    -2.6

    -1.3

    -2.3

    -2.7

    -2.8

    -2.8

    -2.8

    -2.8

    Current transfers
    (net)

    24.8

    31.7

    29.6

    26.4

    25.4

    25.1

    24.6

    24.1

    23.7

    External Reserves and Debt

    Gross
    official reserves (million
    U.S.
    dollars) 2/

    288.5

    303.2

    401.7

    494.3

    503.8

    506.2

    523.9

    542.9

    557.5

    (in months
    of next
    year’s imports)

    7.9

    6.4

    8.3

    9.0

    8.8

    8.5

    8.5

    8.3

    8.2

    External
    debt (in percent of GDP)

    46.1

    43.6

    33.3

    25.9

    20.9

    17.8

    19.0

    20.3

    21.5

    Exchange Rates

    Market rate (tala/U.S. dollar,
    period average)

    2.57

    2.61

    2.73

    2.76

    Real
    effective exchange
    rate

    -0.5

    6.4

    9.2

    -0.6

    (12-month percent change) 3/

    Memorandum items:

    Nominal GDP
    (million 
    tala)

    2,169

    2,170

    2,562

    2,943

    3,200

    3,391

    3,568

    3,748

    3,938

    GDP per capita (U.S. dollars)

    4,136

    4,032

    4,498

    5,070

    5,474

    5,728

    5,945

    6,160

    6,440

    Sources: Data provided by the Samoan authorities; and IMF staff estimates and projections.

    1/ Fiscal years July-June.

    2/ Incorporates August 2021 SDR allocation.

    3/ Increase signifies appreciation.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/01/31/pr25023-samoa-imf-executive-board-concludes-2024-article-iv-consult

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Office of the Public Guardian appoints non-executive Board Chair

    Source: United Kingdom – Executive Government & Departments

    Alison Sansome appointed as non-executive Board Chair for the Office of the Public Guardian.

    Alison Sansome has been appointed as the new non-executive Board Chair for the Office of the Public Guardian (OPG). In her role, Alison will lead the Board, facilitating Board meetings and helping to inform decision making, using her knowledge and expertise to provide independent scrutiny and constructive advice.  

    Non-executives are senior external figures who provide independent advice, support, and challenge to government departments on policy implementation, operational delivery, and strategic direction. 

    The non-executive Board Chair has regular meetings with the Chief Executive to reflect on the organisation’s direction and the board’s role in supporting and challenging the executive team. Alison has extensive board, committee and tribunal experience in a range of sectors including justice, health, defence, emergency services and information technology. She currently holds a number of roles in a non-executive portfolio, including Vice Chair of the Fire Standards Board and Board Member for the Office of Legal Complaints. Alison also previously held several Senior Civil Service roles in the Ministry of Defence. 

    On Alison’s appointment, Public Guardian and Chief Executive Amy Holmes, said: 

    “We’re delighted to have Alison join the OPG Board. Alison has a wealth of knowledge and experience, including time within the Civil Service. Her expertise is welcomed by the Board and will be key in creating positive impact for our customers.”

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Recruitment for a Senior Safety Assessor

    Source: United Kingdom – Executive Government & Departments

    Senior Safety Assessor vacancy, working on authorising veterinary medicines in the UK.

    We have a vacancy for a Senior Safety Assessor.

    Job Title

    Senior Safety Assessor

    Grade

    G7

    Salary & Pension

    £ 59,900 per annum with Pension Scheme

    Annual Leave entitlement

    Commencing at 25 days

    Role

    This exciting and interesting job puts you at the heart of authorising veterinary medicines in the UK.  You will be a senior assessor within the Human and Environmental Safety Team, which is part of the VMD’s Authorisations Division.

    Assessment of data relating to human risk assessments being the primary focus, with the secondary requirement being the assessment of environmental safety.

    How to apply

    You must make your application via Senior Safety Assessor – Civil Service Jobs – GOV.UK where you will find a full job description.

    Closing Date

    24 February 2025

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI Security: Multiple Defendants Indicted or Sentenced on Federal Immigration Charges

    Source: Office of United States Attorneys

    BIRMINGHAM, Ala. – Recently, the federal grand jury in the Northern District of Alabama has indicted several people for illegal reentry after deportation and/or being an alien in possession of a firearm.  Others have been sentenced to federal prison or await further proceedings after pleading guilty to federal immigration-connected charges.

    “Keeping our communities safe is our top priority,” said U.S. Attorney Prim Escalona. “My office is focused on prosecuting individuals who are in our country illegally, especially those who engage in federal crimes. We will continue to work with our federal, state, and local law enforcement partners to ensure that individuals who commit these crimes are held accountable.”

    “The charges and sentences announced today highlight the importance of pursuing criminals who violate our nation’s immigration laws and threaten public safety,” said Steven N. Schrank, Special Agent in Charge of HSI Atlanta that covers Alabama and Georgia. “HSI and our partners remain steadfast in identifying, arresting, and prosecuting illegal aliens who engage in criminal activity, unlawfully possess firearms or commit violence across our communities.”

    Those indicted in November, December, and January include:

    • Elbio Byron Cuz-Chub, 22, of Guatemala, who was charged with being an alien in possession of a firearm;
    • Edgar Bayardo Madriz-Morales, 64, of Nicaragua, who was charged with illegal reentry after deportation;
    • Jorge Campos-Xochihua, 31, of Mexico, who was charged with being an alien in possession of a firearm; and
    • Abraham Lopez-Ramirez, 48, of Mexico, who was charged with illegal reentry after deportation.

    An indictment contains only charges.  A defendant is presumed innocent unless and until proven guilty.

    Several other defendants recently have been adjudicated on federal immigration-related charges.  Those include:

    • Juan Manuel Salas-Sanchez, 43, of Mexico, who was sentenced to 135 months in prison after pleading guilty to possession of methamphetamine with intent to distribute and being an alien in possession of a firearm;
    • Marvin Ernesto Clemente, 38, of El Salvador, who was sentenced to 36 months in prison after pleading guilty to illegal re-entry after deportation;
    • Raul Edgardo Jimenez-Cruz, 38, of Honduras, who was sentenced to 24 months in prison after pleading guilty to possession of cocaine with intent to distribute and illegal reentry after deportation;
    • Jesus Daniel Bibiano-Ruiz, 28, of Mexico, who was sentenced to 12 months in prison after pleading guilty to being an alien in possession of a firearm;
    • Alvaro Amezcua-Gonzalez, 48, of Mexico, who was sentenced to 10 months in prison after pleading guilty to being an alien in possession of a firearm; and
    • Clemente Aguilera-Castaneda, 55, of Mexico, who pleaded guilty to illegal reentry after deportation. A sentencing hearing is scheduled for February 18, 2025.

    Assistant U.S. Attorneys from the Northern District of Alabama will provide regular training to attorneys, federal agents, and state and local law enforcement partners to assist them in investigating and prosecuting immigration offenses in federal court.

    MIL Security OSI

  • MIL-OSI: PROACTIS SA – Press release 31.01.2025 (New address)

    Source: GlobeNewswire (MIL-OSI)

    Transfer of the registered office

    Paris, France – (31 January 2025) — PROACTIS (ISIN code : FR0004052561) announces that its registered office has been transferred from 26-28, quai Gallieni – 92150 Suresnes to 54, rue de Londres – 75008 Paris. The company is now attached to the registry of the Tribunal des Affaires Economiques (formerly the Tribunal de Commerce) in Paris.

    PROACTIS’ Articles of Association have been amended accordingly.

    This transfer of the registered office is in line with the company’s policy of reducing its fixed costs.

    * * * *

    About Proactis SA (https://www.proactis.com/proactis-sa), a Proactis Company

    Proactis SA connects companies by providing business spend management and collaborative business process automation solutions for both goods and services, through The Business Network. Our solutions integrate with any ERP or procurement system, providing our customers with an easy-to-use solution which drives adoption, compliance and savings.

    Proactis SA has operations in France, Germany, USA and Manila.

    Listed in Compartment C on the Euronext Paris Eurolist.

    ISIN: FR0004052561, Euronext: PROAC, Reuters: HBWO.LN, Bloomberg: HBW.FP

    Contacts
    Tel: +33 (0)1 53 25 55 00
    E-mail: investorContact@proactis.com

    * * * *

    Attachment

    The MIL Network

  • MIL-OSI: Wisdomtree Multi Asset Issuer Public Limited Company (the “issuer”) WISDOMTREE S&P 500 3X DAILY LEVERAGED (ISIN: IE00B7Y34M31) NOTIFICATION OF CHANGE IN THE DAILY SWAP FEE AND FUNDING SPREAD

    Source: GlobeNewswire (MIL-OSI)

    31 January 2025

    LEI: 2138003QW2ZAYZODBU23

    WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY (THE “ISSUER”)
    (a public company incorporated with limited liability in Ireland)

    WISDOMTREE S&P 500 3X DAILY LEVERAGED (ISIN: IE00B7Y34M31)
    (THE “AFFECTED SECURITIES”)

    NOTIFICATION OF CHANGE IN THE DAILY SWAP FEE AND FUNDING SPREAD OF THE AFFECTED SECURITIES

    Terms not defined in this notice shall have the meaning ascribed to them in the Issuer’s Base Prospectus dated 5 September 2024.

    BNP Paribas acts as Swap Provider for the Affected Securities.

    The Issuer and the Swap Provider have agreed with the Issuer to reduce the Daily Swap Rate of the Affected Securities, as permitted pursuant to the terms of the Swap Provider Agreement and in accordance with paragraph 2.2(iii) of Annex A of the Conditions of the Affected Securities. The Issuer announces that the Daily Swap Rate for the following Affected Securities will be amended from 0.00233% to 0.00136%.

    As also permitted under paragraph 2.2(iii) of Annex A of the Conditions of the Affected Securities, the Swap Provider has notified the Issuer of its intention to amend the Funding Spread of the Affected Securities from 0.50% to 1.10% per annum.

    The Trustee, the Manager and the Issuer have entered into an amendment to the supplemental trust deed for each class of Affected Securities to effect the aforementioned changes (the “Affected Securities Amendments”). The effective date of the Affected Securities Amendments shall be 1 February 2025.

    For further information, please contact: europesupport@wisdomtree.com

    The MIL Network

  • MIL-OSI: Interim Financial Report 2024/2025

    Source: GlobeNewswire (MIL-OSI)

    Regulated information, Leuven, 31 January 2025 (17.40 hrs CET)

    Interim Financial Report 2024/2025

    KBC Ancora recorded a profit of EUR 73.9 million in the first half of the financial year 2024/2025. This compared with a profit of EUR 72.9 million in the same period in the previous financial year. The result for the first six months of the financial year was determined chiefly by dividend income totalling EUR 77.5 million from the participating interest in KBC Group, operating costs of EUR 1.5 million and interest charges amounting to EUR 2.3 million.

    Abridged financial summaries and notes1

    Results for the first half of financial year 2024/2025

      1H fin. year

    (x EUR 1,000)

    2024/2025
    per share
    (in EUR)
    1H fin. year

    (x EUR 1,000)

    2023/2024

    per share
    (in EUR)

    Income 77,738 1.01 77,953 1.01
    Operating income 0 0.00 0 0.00
    Recurring financial income 77,738 1.01 77,953 1.01
    Expenses -3,805 -0.05 -5,074 -0.07
    Operating costs -1,536 -0.02 -1,567 -0.02
    Financial expenses -2,269 -0.03 -3,508 -0.05
    Result after taxes 73,933 0.96 72,879 0.95
    Number of shares in issue*   77,011,844   77,011,844

    * No instruments have been issued which could lead to dilution.        

    KBC Ancora recorded a profit of EUR 73.9 million in the first six months of the current financial year, equivalent to EUR 0.96 per share, compared with a profit of EUR 72.9 million in the same period in the previous financial year.

    Income consisted principally of dividend received on the participating interest in KBC Group (EUR 77.5 million) and interest income on term investments (EUR 0.2 million). Expenses principally comprised interest charges on debt (EUR 2.3 million) and operating costs (EUR 1.5 million).

    Balance sheet as at 31 December 2024

    (x EUR 1,000) 31.12.2024 *30.06.2024
    BALANCE SHEET TOTAL 3,660,323 3,599,986
    Assets    
    Fixed assets 3,599,979 3,599,979
    Current assets 60,344 8
    Investments (other) 59,700 0
    Cash at bank and in hand 611 1
    Accrued income and deferred expense 33 7
    Liabilities    
    Equity 3,557,524 3,483,591
    Contribution 3,158,128 3,158,128
    Legal reserve 175,258 175,258
    Available reserves 149,427 149,427
    Profit (loss) carried forward 777 777
    Result for the period 73,933 n/a
    Creditors 102,798 116,396
       Amounts falling due after more than one year 100,000 100,000
    Amounts falling due within one year 419 16,050
    Accrued expense and deferred income 2,379 345

    * The balance sheet at 30 June 2024 is shown after appropriation of the result.

    The balance sheet total at 31 December 2024 stood at EUR 3.7 billion, an increase of EUR 60.3 million compared with the end of the financial year 2023/2024.

    The number of shares held by KBC Ancora in KBC Group remained unchanged at 77,516,380. The book value of these shares was EUR 46.44 per share (i.e. the historical acquisition cost). The price of the KBC Group share stood at EUR 74.54 on 31 December 2024, while the IFRS equity value amounted to EUR 54.1 per KBC Group share on 30 September 2024.
    Current assets increased by EUR 60.3 million to EUR 60.3 million, principally the result of interim dividend received in November 2024 on the participating interest in KBC Group (EUR +77.5 million) and the repayment of short-term financial debt (EUR -15.6 million).

    Total equity rose by EUR 73.9 million. This increase was due to the result in the first half of the current financial year (EUR 73.9 million).
    Debt showed a net reduction of EUR 13.6 million, due on the one hand to the repayment of short-term financial debt totalling EUR 15.6 million, and on the other an increase of EUR 2.0 million in the (pro rata) interest charges in respect of the first half of the financial year.

    Interim report on the first six months of the current financial year 2024/2025

    Notes on the first half of the current financial year 2024/2025

    Extension of shareholder agreement concerning the anchoring of KBC Group

    On 29 November 2024 Cera and KBC Ancora, together with MRBB and the Other Permanent Shareholders, confirmed that they would be extending unchanged their collaboration as a syndicate with respect to KBC Group for a further term of ten years. The extension of the syndicate agreement came into effect on 1 December 2024. Cera, KBC Ancora, MRBB and Other Permanent Shareholders will henceforth collectively hold 41.7% of the total number of KBC Group shares. In this way, the shareholders concerned will continue to ensure the shareholder stability and support the further development of the KBC group.

    Result for the first six months of the financial year 2024/2025

    KBC Ancora recorded a profit of EUR 73.9 million in the first six months of the current financial year, compared with a profit of EUR 72.9 million in the same period in the previous financial year.

    This result was influenced principally by the following factors:

    • Dividend income totalling EUR 77.5 million. As in the same period in the previous financial year, this consisted of an interim dividend of EUR 1.00 per KBC Group share.
    • Interest income totalling EUR 0.2 million on term investments, compared with EUR 0.4 million in the same period in the previous financial year.
    • Interest charges amounting to EUR 2.3 million, a reduction of EUR 1.2 million compared with the same period in the previous financial year, due to the reduction in outstanding financial debt.
    • Operating expenses amounting to EUR 1.5 million, in line with the previous financial year. The operating expenses consisted primarily of costs incurred under the cost-sharing agreement with Cera (EUR 1.2 million). There were also the usual expenses, such as listing costs and costs associated with the statutory director.

    Participating interest in KBC Group, net debt position and net asset value

    The number of KBC Group shares in portfolio remained unchanged during the past six months at 77,516,380.

    The net asset value of the KBC Ancora share is defined as 1.0066 times2 the price of the KBC Group share, less the net debt3 per share. KBC Ancora’s net debt position at 31 December 2024 stood at EUR 0.55 per share.

    Based on the price of the KBC Group share on 31 December 2024 (EUR 74.54), the net asset value of one KBC Ancora share amounted to EUR 74.48, and the KBC Ancora share (EUR 50.50) was trading at a discount of 32.2% to the net asset value.

    The following charts illustrate the movements in the price of the KBC Group and KBC Ancora shares and the discount of the KBC Ancora share to its net asset value.

    Trend in KBC Group and KBC Ancora share price
    (January – December 2024)
    Trend in discount of KBC Ancora share to its net asset value (January – December 2024)
       

    Principal risks and uncertainties in the remaining months of the financial year

    Certain risk factors could have an impact on the value of the assets held by KBC Ancora and on its ability to distribute a dividend. Reference is made in this regard to the description of the risks in the most recent annual report (page 20).

    KBC Ancora’s expenses in the second half of the current financial year (2024/2025) will consist principally of interest charges plus the usual limited operating expenses. KBC Ancora estimates the total expenses in respect of the full financial year 2024/2025 at approximately EUR 8 million.

    KBC Group reported a net result of EUR 2.3 billion for the first nine months of 2024. KBC Group will announce its annual result for the financial year 2024 on 13 February 2025.

    Partly dependent on the decisions taken by KBC Group regarding the distribution in the first half of 2025 of a final dividend in respect of financial year 2024, the Board of Directors of Almancora Société de gestion, statutory director of KBC Ancora, will take a decision at the end of May 2025 on whether to distribute an interim dividend in June 2025 in respect of financial year 2024/2025, in line with its dividend policy. KBC Ancora’s dividend policy sets out the intention to pay out 90% of the recurring result available for distribution in the form of an (interim) dividend (i.e. after adjustment for any exceptional results and after mandatory formation of the legal reserve).

    Declaration by the responsible individuals

    “We, the members of the Board of Directors of Almancora Société de gestion, statutory director of KBC Ancora SA, hereby jointly declare that, in so far as we are aware:

    a)   the abridged financial summaries, drawn up in accordance with the applicable standards for financial statements, present a true and fair picture of the capital position, financial position and results of KBC Ancora;

    b)   the interim financial report presents a true and fair view of the key events and principal transactions with affiliated parties during the first six months of the current financial year and of their impact on the abridged financial summaries, as well as a description of the principal risks and uncertainties during the remaining months of the financial year.”

    Information on the external audit

    The statutory auditor has reviewed the abridged interim financial information and accompanying notes. The auditor’s report is appended to this interim report.

            ———————————

    KBC Ancora is a listed company which holds 18.6% of the shares in KBC Group and which together with Cera, MRBB and the Other Permanent Shareholders is responsible for the shareholder stability and further development of the KBC group. As core shareholders of KBC Group, these parties have signed a shareholder agreement to this effect.

    Financial calendar:
    29 August 2025 (17.40 hrs CEST)        Annual press release for the financial year 2024/2025
    30 September 2025 (17.40 CEST)        Annual Report 2024/2025 available
    31 October 2025        General Meeting of Shareholders

    This press release is available in Dutch, French and English on the website www.kbcancora.be.

    KBC Ancora Investor Relations & Press contact: Jan Bergmans
    Tel.: +32 (0)16 279672
    E-mail: jan.bergmans@kbcancora.be or mailbox@kbcancora.be

    Appendix: Balance sheet and profit and loss account with comparative figures

    (x EUR 1,000) 31.12.2024 *30.06.2024
    BALANCE SHEET TOTAL 3,660,323 3,599,986
    Assets    
    Fixed assets 3,599,979 3,599,979
    Financial fixed assets 3,599,979 3,599,979
    Companies with which there is a participatory   
    relationship
    3,599,979 3,599,979
    Participating interests 3,599,979 3,599,979
    Current assets 60,344 8
    Investments 59,700 0
    Other investments 59,700 0
    Cash at bank and in hand 611 1
    Accrued income and deferred expense 33 7
    Liabilities    
    Equity 3,557,524 3,483,591
    Contribution 3,158,128 3,158,128
    Issued capital 3,158,128 3,158,128
    Reserves 324,686 324,686
       Unavailable reserves 175,258 175,258
    Legal reserve 175,258 175,258
    Available reserves 149,427 149,427
    Profit/loss carried forward 777 777
    Profit/loss for the period 73,933 n/a
    Creditors 102,798 116,396
    Amounts falling due after more than one year 100,000 100,000
    Financial liabilities 100,000 100,000
    Credit institutions 100,000 100,000
    Amounts falling due within one year 419 16,050
    Financial liabilities 0 15,635
    Credit institutions 0 15,635
    Trade creditors 159 173
    Suppliers 159 173
    Other creditors 260 241
    Accrued expense and deferred income 2,379 345

    * The balance sheet at 30 June 2024 is shown after appropriation of the result.

    (x EUR 1,000) 01.07.2024-31.12.2024 01.07.2023-31.12.2023
         
    Operating income 0 0
    Other operating income 0 0
    Operating costs 1,536 1,567
    Services and sundry goods 1,535 1,417
    Other operating costs 0 149
    Operating results -1,536 -1,567
         
    Financial income 77,738 77,953
    Recurring financial income 77,738 77,953
    Income from financial fixed assets 77,516 77,516
    Income from current assets 222 437
    Financial expenses 2,269 3,508
    Recurring financial charges 2,269 3,508
    Cost of debt 2,269 3,508
    Other financial expenses 0 0
    Financial result 75,469 74,445
         
    Profit (loss) before tax 73,933 72,879
         
    Profit (loss) after tax 73,933 72,879

    Statutory auditor’s report to the board of directors of KBC Ancora NV on the review of the condensed interim financial information as at 31 December 2024 and for the 6-month period then ended

    FREE TRANSLATION OF THE ORIGINAL IN DUTCH

    Introduction

    We have reviewed the accompanying interim financial report 2024/2025, containing the condensed balance sheet of KBC Ancora NV as at 31 December 2024, the condensed profit and loss account for the 6-month period then ended, as well as the notes (“the condensed interim financial information”). The board of directors is responsible for the preparation and presentation of this condensed interim financial information in accordance with the financial reporting framework applicable in Belgium for the preparation of condensed interim financial information. Our responsibility is to express a conclusion on this condensed interim financial information based on our review.

    Scope of Review

    We conducted our review in accordance with the International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity.” A review of condensed interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

    Conclusion

    Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial information as at 31 December 2024 and for the 6-month period then ended has not been prepared, in all material respects, in accordance with the financial reporting framework applicable in Belgium for the preparation of condensed interim financial information.

    Diegem, 31 January 2025

    The statutory auditor,
    PwC Reviseurs d’Entreprises SRL / Bedrijfsrevisoren BV
    Represented by

    Damien Walgrave*
    Bedrijfsrevisor / Réviseur d’Entreprises

    * Acting in behalf of Damien Walgrave BV/SRL


    1         KBC Ancora’s reporting is based on Belgian GAAP. The valuation principles are set out in the filed annual
            financial statements and in the annual report.
            See Appendix for the balance sheet and profit and loss account.
    2         Number of KBC Group shares held / number of KBC Ancora shares in issue: 1.0066
            (= 77,516,380 / 77,011,844).
    3         Net debt is defined here as total liabilities less total assets excluding financial fixed assets.

    Attachment

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