Category: Europe

  • MIL-OSI Economics: President appoints Jakub Seidler as a new member of the Bank Board

    Source: Czech National Bank

    Jakub Seidler is to become a new member of the Bank Board of the Czech National Bank (CNB), taking office on 1 December 2024. President Petr Pavel appointed him to the Czech central bank’s supreme governing body today.

    Jakub Seidler graduated in economics from the Institute of Economic Studies at Charles University in Prague, where he also completed his PhD. He has also undertaken a number of research stays abroad and courses in econometric methods, financial stability and central banking. He returns to the CNB after ten years. In 2008–2014, he held various expert positions at the central bank, specifically in the Financial Stability Department, the Economic Research Department and the Monetary Department. He also served as chief economist at ING Bank and the Czech Banking Association.

    The Bank Board is the supreme governing body of the CNB. Its main activities include setting monetary and macroprudential policy and the instruments for implementing them, and making decisions on measures in the area of financial market supervision. It has seven members appointed by the President of the Czech Republic for up to two terms of six years.

    The current members of the CNB Bank Board are Governor Aleš Michl, Deputy Governor Eva Zamrazilová, Deputy Governor Jan Frait and Bank Board members Karina Kubelková, Jan Kubíček, Jan Procházka and Tomáš Holub. Jakub Seidler will fill a vacant position on the Bank Board after Tomáš Holub’s mandate expires on 30 November 2024.

    Jakub Holas
    Director, Communications Division

    MIL OSI Economics

  • MIL-OSI United Kingdom: UK budget: A drop in the ocean compared to the change needed

    Source: Scottish Greens

    Labour could have taxed the super rich to bring in the funding needed to undo cruel Tory policies and drop Labour’s own cuts

    A response from Scottish Green finance spokesperson Ross Greer on the UK budget.

    Mr Greer said: “This timid budget is a drop in the ocean compared to the scale of change that is actually needed. Labour has under-promised and still somehow under-delivered. 

    “The failure to end the cruel two child cap or the Winter Fuel Payment cut will have dire consequences for vulnerable people and families across the UK. Children will continue to live in poverty and pensioners will die this winter, all entirely avoidably.

    “The Chancellor could have targeted the super rich to bring in the funding needed to undo cruel Tory policies and drop Labour’s own cuts. Instead she has chosen to hike up bus fares in England and pour £3 billion into keeping a climate-busting fuel duty freeze. 

    “A responsible government would invest in cheaper public transport and walking, wheeling and cycling infrastructure. The Scottish Greens did both of those during our time in government, delivering free bus travel for young people and removing peak rail fares. Labour have instead chosen to encourage even more car journeys while the climate crisis spirals out of control.

    “There are a few important steps in the right direction in this budget, such as the increase in tax on private jets. The Scottish Greens have led calls for this and whilst it doesn’t go as far as we would like, it is progress on one of the most incredibly polluting forms of travel.
     
    “What was missing was any confirmation from the Chancellor that she will take the necessary steps to finish the ten-year process of devolving Air Passenger Duty and allowing Scotland to make these decisions for ourselves.

    “There were also some deeply disappointing announcements. The social security section of the speech could have been lifted straight from the nastiest Tory conference speeches. Labour are continuing the Conservative tactic of punching down at vulnerable people when there is so much more money being lost through tax avoidance by the super-rich.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Jim Allister comments on Budget

    Source: Traditional Unionist Voice – Northern Ireland

    The North Antrim MP said:

    “Whereas restoration of the City Deals is welcome, this is a budget which will stymie growth, especially in an economy like Northern Ireland’s which is so dominated by SMEs.

    “Small business is bearing the burden of this budget with the broken promise hike in national insurance and above inflation increase to the living wage.

    “Swinging tax increases suppress, not encourage, growth.

    “The assault on inheritance tax relief for farmers is a big blow to many family farms.

    “Also, with no assured additional funding beyond 2026/27, the NI budget has not received the stability it needs.”

    MIL OSI United Kingdom

  • MIL-OSI Russia: Financial news: 10/30/2024, 11:25 (Moscow time) the values of the lower limit of the price corridor for swap transactions and the range of interest rate risk assessment for the KZTRUBTODTOM instrument were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/30/2024

    11:25

    In accordance with the Methodology for determining the risk parameters of the foreign exchange market and the precious metals market of Moscow Exchange PJSC by the NCC (JSC) on 10/30/2024, 11:25 (Moscow time), the values of the lower limit of the price corridor for swap transactions (up to -0.0196 rubles) and the range of interest rate risk assessment (up to -0.0276 rubles, equivalent to a rate of 51.43%) for the KZTRUBTODTOM instrument were changed.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n74420

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/30/2024, 13:45 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0JWHU2 security (RZhD BO-17) were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/30/2024

    13:45

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on October 30, 2024, 13:45 (Moscow time), the values of the upper limit of the price corridor (up to 78.44) and the range of market risk assessment (up to 900.74 rubles, equivalent to a rate of 22.5%) of the RU000A0JWHU2 security (RZhD BO-17) were changed.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.moex.com/n74424

    MIL OSI Russia News

  • MIL-OSI Russia: Yuri Trutnev got acquainted with the progress of construction of facilities within the framework of the Blagoveshchensk master plan and held a meeting with investors from the Amur Region

    Translation. Region: Russian Federation –

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

    Previous news Next news

    Yuri Trutnev held a meeting on the implementation of investment projects in the region as part of a working visit to the Amur Region

    During his working visit to the Amur Region, Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev got acquainted with the progress of construction of a number of facilities included in the Blagoveshchensk master plan. Among them are the cross-border cable car and the multifunctional pavilion “Tribuna Hall”. The Deputy Prime Minister also held a meeting on the implementation of investment projects in the Amur Region.

    Before inspecting the master plan facilities, Yuri Trutnev visited the site of the second stage of construction of engineering structures to protect against flood waters on the Zeya River in the Blagoveshchensk village of Vladimirovka and got acquainted with the progress of construction of the coastal protection structure. The dam is being built as part of the state program “Construction”. The structure will protect the territory, where more than 2 thousand people live, from floods. The site involves 210 people and 91 units of equipment. The work is ahead of schedule.

    The management of the contractor company has submitted an initiative to postpone the construction of the dam from 2027 to 2025 with the allocation of the necessary funding for this. Yuri Trutnev instructed the region to work on this issue together with the Ministry of Construction and submit relevant proposals to the Government of Russia.

    The Deputy Prime Minister got acquainted with the progress of construction of the Golden Mile facilities, a project within the framework of the integrated development of Blagoveshchensk. The first was the site of the cross-border cable car across the Amur. It will connect Blagoveshchensk and the Chinese city of Heihe. This will be the world’s first cable car between two countries. On the Russian side, a four-level passenger terminal with a total area of 26 thousand square meters will be built to accommodate the terminal station of the cable car, a platform and technological equipment for the cable car, a checkpoint across the state border of Russia, a duty-free shop, restaurants, shopping and entertainment facilities. Art spaces for passengers and city residents to relax will be created both inside the terminal and in the open air: on cascading terraces and observation decks. Work on the international facility is ongoing around the clock in two shifts.

    On the instructions of Russian President Vladimir Putin, a world-class Russian-Chinese business cooperation center is being created in the Amur Region. With the support of the Ministry for the Development of the Russian Far East and the Russian Government, a large city center, Tribuna Hall, is being built. Funds from the federal budget are being allocated through a single presidential subsidy. The construction of the facility has entered the home stretch. The building is 70% complete. The builders should complete the work by January, and the center will welcome its first visitors at the end of next year.

    The unique project on the Amur embankment includes a landscape park, a fountain complex, sports and children’s playgrounds. Next to the Tribuna Hall pavilion there is a square – an open space for holding mass events. In May of this year, the Fountain Alley began operating. It belongs to the Tribuna Hall cultural center and has become the largest light and music fountain complex in Eurasia.

    On the same day, the Deputy Prime Minister met with investors from the Amur Region. “The region occupies one of the leading places in the Far East in this indicator. At the same time, we must remember that a significant part of this flow is created by fulfilling direct instructions from the President of the Russian Federation Vladimir Vladimirovich Putin. This is the construction of the Vostochny Cosmodrome, the Amur Gas Processing Plant, and the Amur Gas Chemical Complex. Of course, investment activity is not limited to this. The activity of the head of the region in attracting investment for the Golden Mile projects deserves a positive assessment. These projects will benefit the Amur Region and the country. Federal measures to support projects in the Far East are working. In total, 51 investment projects with a total value of 2.3 trillion rubles are being implemented in the region. 16 projects have been implemented, about 12 thousand jobs have been created. It is important that this work does not stop, and investors come to the region to implement new projects. It is the attraction of investments that creates the conditions for all other work, for improvements in the social sphere, the improvement of cities and territories,” Yuri Trutnev opened the meeting.

    “Over the past five years, about 2.4 trillion rubles of investments have been attracted to the Amur Region. We reached a record volume of over 751 billion rubles last year. The main increase in funds attracted to the region was provided by the implementation of gas investment projects, the reconstruction of the Eastern Polygon of the BAM and the development of the construction industry. Today, 85 promising investment projects are being developed that will attract over 450 billion rubles and create 7.5 thousand jobs. Projects that involve the creation of manufacturing industries remain a priority for us. We are implementing the “turn to the East” concept, within the framework of which we plan to build a logistics complex and, in the future, a railway bridge across the Amur River in the Jalinda-Mohe area. We have developed and are constantly improving comprehensive support measures for investors,” said Vasily Orlov, Governor of the Amur Region.

    The new cross-border bridge between the Amur Region and China – Jalinda – Mohe will open a shorter exit to China and will reduce the route for transporting goods and raw materials by almost 2 thousand km. The new transport corridor will not only provide an alternative option for communication with Russia’s main trading partner and relieve the load on existing crossings, but will also speed up the delivery of raw materials from Yakutia and the north of the Amur Region to China. “A forecast for the cargo base has been formed for the Jalinda – Mohe project, the location and basic technical parameters of the future bridge have been agreed upon in the course of work with the Chinese side, and a joint conclusion has been made on the technical and economic feasibility of construction. The project has been included in the agenda of the Russian-Chinese subcommittee on cooperation in the field of transport, and there is an agreement to hold interstate consultations. Several models for implementing the project have been considered with the participation of the Russian Ministry of Transport and Russian Railways,” commented Vasily Orlov.

    The construction and launch of a mining and processing plant for processing nickel ore from the Kun-Manyo deposit was discussed. The investor will use the capabilities of the Amurskaya priority development area to build the plant. The project is at the stage of geological exploration and design and survey work. More than 1.7 thousand jobs will be created.

    Ogodzhinskaya Coal Company LLC presented a project for the development of the Sugodinsko-Ogodzhinskaya coal-bearing area in the Selemdzhinsky District. The investor has begun construction of a processing plant with a capacity of 2 million tons. Investments in the project will amount to about 100 billion rubles. Earthworks and concrete works have already been completed, the main frame of metal structures has been erected, and the completion of the main equipment of the plant is ongoing. The productivity of the complex of factories will be 30 million tons of coal per year. In total, it is planned to build seven processing plants. Construction of the first stage of the Ogodzhinskaya railway continues – 45 km of rails and sleepers out of 72 km have been laid. As a measure of state support, the investor plans to receive the status of a resident of the Amurskaya priority development area.

    A resident of the Amurskaya priority development area, the Far Eastern Agroterminal company, will invest more than 40 billion rubles in the framework of comprehensive business development in the Far East, including more than 26 billion rubles in the project to build an oil extraction plant as part of a production and logistics complex in the city of Belogorsk. At present, the site has already been prepared with landfill and water drainage. An industrial railway station with a capacity of 1.4 million tons of freight turnover per year is being built. The launch of production is scheduled for the end of 2026. The company also plans to develop the direction of a railway logistics operator with a fleet of wagons and tanks of 1.2 thousand units of rolling stock in the Far East to service the flow of finished products of the enterprise under construction.

    Lyubov Brish, CEO of Gazprom Helium Service, reported on the operation of the first small-tonnage natural gas liquefaction complex in the Amur Region in Svobodnensky District. The new production facility was built using tax breaks and preferences of the Amurskaya Priority Development Area. The natural gas liquefaction complex with a capacity of 1.5 tons of LNG per hour (12.6 thousand tons per year) was created to organize the infrastructure for autonomous gasification of socially significant facilities and to provide consumers in the Amur Region with gas motor fuel. “A comprehensive project has been implemented in the Far East using liquefied natural gas as a gas motor fuel and for autonomous gasification. This became possible thanks to the development of our own production and transportation capacities for LNG in the region – from Primorsky Krai to Amur Region – and successful experience in organizing LNG transportation routes,” Lyubov Brish said.

    In Blagoveshchensk, the Specialized Developer PIK Blagoveshchensk LLC is building housing as part of the Far Eastern Quarter program. 334 thousand square meters of housing will be built. In addition to residential development, the project provides for the construction of social infrastructure facilities – a school, kindergartens, and landscaping of courtyards. The total investment in the project will amount to 33.9 billion rubles. Construction and installation work is currently underway in six buildings, the arrangement of foundations and basements has been completed, and work is underway to install the monolithic frame of the buildings of the first stage, the total area of which will be 45.8 thousand square meters.

    “Today, the head of the region and I looked at the Golden Mile – work is in full swing there, Blagoveshchensk has begun to change. I always follow this very closely when I come. And I see that the ice has broken in Blagoveshchensk. The city is getting better. This is very important both for the mood and comfortable living of people, and for attracting Russian and foreign tourists,” said Yuri Trutnev.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Cybersport reaches a new level: GUU Vice-Rector took part in a discussion of the future of online competitions

    Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    On October 30, 2024, Vice-Rector of the State University of Management Vitaly Lapshenkov took part in a round table on the topic “Development of student eSports in the international arena”, which was held in the State Duma of the Russian Federation.

    The meeting participants were addressed with a welcoming speech by the President of the Russian Computer Sports Federation Dmitry Smith and the head of the working group under the State Duma Committee on Physical Culture and Sports “Development of High-Tech Sports in the Russian Federation” Amir Khamitov.

    Next, the floor was taken by the Vice-President of the Russian Computer Sports Federation, President of the Association “National Student League of Computer Sports” Alexey Shemyakin. Literally the other day, the first international competitions under the official name “Open Cyber-Sports Student Games for the Prizes of the Governor of Krasnodar Krai” ended in Sochi. Teams from 16 countries came to participate in the large-scale competitions. Alexey Shemyakin summed up the results of the tournament.

    Together with the Director of the Public Relations Department of the Russian Federation of Computer Sports Dmitry Tereshchenko, those gathered discussed the coverage of the international tournament, future work and the possibility of increasing the number of events held.

    Next to speak was Vice President of the Russian Federation of Computer Sports Oksana Gural, who spoke about the directions of international scientific research in the field of computer sports.

    At the end of the meeting, all participants of the round table discussed strengthening the position of the Russian Federation in the international arena in the field of student computer sports.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/30/2024

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

    MIL OSI Russia News

  • MIL-OSI Russia: Marat Khusnullin held meetings with the Governor of Perm Krai and the Head of the Karachay-Cherkess Republic

    Translation. Region: Russian Federation –

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

    Deputy Prime Minister Marat Khusnullin held working meetings with the Governor of Perm Krai Dmitry Makhonin and the head of the Karachay-Cherkess Republic Rashid Temrezov, at which the parties discussed the socio-economic development of the regions.

    “Speaking about the preliminary results of work in the Perm region, I would like to note that the implementation of state programs and national projects in the region is progressing quite well. Over the nine months since the beginning of the year, more than 1.2 million square meters have been commissioned. I would also like to note that the region shows good results in the implementation of the national project “Safe High-Quality Roads”: 85% of roads in urban agglomerations and 78.6% of regional roads are in standard condition,” said Marat Khusnullin.

    The region uses mechanisms of integrated development of territories in its work. Currently, Perm Krai has concluded 18 agreements on integrated development of territories, the total area of territories is about 182 hectares. By attracting investments, it is planned to resettle residents from dilapidated houses, renew buildings, modernize social, road and communal infrastructure, as well as improve public spaces.

    In turn, the Governor of Perm Krai Dmitry Makhonin thanked the Deputy Prime Minister for supporting the region’s projects.

    “Thanks to federal support, the region has managed to implement many large infrastructure projects in the road, construction, and transport development sectors in recent years. With federal co-financing, sections of the TR-53 highway and Stroiteley Street were commissioned ahead of schedule. They influence the development of the entire city’s road network: they improve transport links between districts, make traffic more comfortable and safer, and provide an incentive for housing construction. This creates new opportunities for the development of Perm and the Perm Region,” said Dmitry Makhonin.

    At a meeting with the head of the Karachay-Cherkess Republic Rashid Temrezov, the region’s participation in the new national project “Infrastructure for Life” was discussed, among other things.

    “The Karachay-Cherkess Republic is succeeding in many areas. Thus, the region has completed the resettlement of emergency housing, recognized as such before January 1, 2017, ahead of schedule, and has already begun a new program. Over the first nine months of this year, more than 286 thousand square meters have been commissioned. An important part of the comfortable life of citizens is the improvement of populated areas. Since the beginning of the year, 11 public spaces and 37 courtyards have been improved in the republic,” said Marat Khusnullin.

    The region also uses the mechanisms of infrastructure budget and special treasury loans. As part of the integrated development of a residential area in Cherkessk, it is planned to build water drainage networks at the expense of the IBC. Also, at the expense of the SCC, the region received 20 new buses. The fleet of Cherkessk has been updated by 85%.

    In addition, the Karachay-Cherkess Republic is carrying out restoration work in the sponsored Starobelsk district of the Luhansk People’s Republic. Work is currently underway to replace the emergency section of the sewer collector. An apartment building will also be built.

    “First of all, I would like to thank you, Marat Shakirzyanovich, for your constant and systematic support of the Karachay-Cherkess Republic, in particular, in the development of transport accessibility, social and communal infrastructure, as well as the creation of comfortable public spaces. All activities within the framework of the national projects supervised by you affect the improvement of the quality of life of the residents of Karachay-Cherkessia, create conditions for the development of various sectors of the economy, and contribute to ensuring road safety. We are focused on 100% implementation of all activities of the national projects, and we also consider readiness for new national projects as one of the priority tasks for the future as part of the implementation of the strategic goals and objectives set by Russian President Vladimir Putin in his Address to the Federal Assembly,” Rashid Temrezov emphasized.

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

    MIL OSI Russia News

  • MIL-OSI Economics: Russian threat actor Midnight Blizzard conducting large-scale spear-phishing campaign

    Source: Microsoft

    Headline: Russian threat actor Midnight Blizzard conducting large-scale spear-phishing campaign

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eu-north-1-aws.mil-be[.]cloud eu-north-1-aws.mil-pl[.]cloud eu-north-1-aws.minbuza[.]cloud eu-north-1-aws.ncfta[.]cloud eu-north-1-aws.presidencia-pt[.]cloud eu-north-1-aws.quirinale[.]cloud eu-north-1-aws.regeringskansliet-se[.]cloud eu-north-1-aws.s3-be[.]cloud eu-north-1-aws.s3-de[.]cloud eu-north-1-aws.ua-energy[.]cloud eu-north-1-aws.ua-gov[.]cloud eu-south-1-aws.admin-ch[.]cloud eu-south-1-aws.dep-no[.]cloud eu-south-1-aws.difesa-it[.]cloud eu-south-1-aws.gov-pl[.]cloud eu-south-1-aws.gov-trust[.]cloud eu-south-1-aws.mfa-gov[.]cloud eu-south-1-aws.mil-be[.]cloud eu-south-1-aws.minbuza[.]cloud eu-south-1-aws.mzv-sk[.]cloud eu-south-1-aws.quirinale[.]cloud eu-south-1-aws.s3-be[.]cloud eu-south-1-aws.s3-de[.]cloud eu-south-1-aws.ua-gov[.]cloud eu-south-2.dep-no[.]cloud eu-south-2.gov-pl[.]cloud eu-south-2.gov-sk[.]cloud eu-south-2.mil-be[.]cloud eu-south-2.mil-pl[.]cloud eu-south-2.mindef-nl[.]cloud eu-south-2.s3-be[.]cloud eu-south-2.s3-de[.]cloud eu-south-2.s3-esa[.]cloud 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eu-southeast-1-aws.mindef-nl[.]cloud eu-southeast-1-aws.msz-pl[.]cloud eu-southeast-1-aws.mzv-cz[.]cloud eu-southeast-1-aws.mzv-sk[.]cloud eu-southeast-1-aws.quirinale[.]cloud eu-southeast-1-aws.s3-be[.]cloud eu-southeast-1-aws.s3-de[.]cloud eu-southeast-1-aws.s3-esa[.]cloud eu-southeast-1-aws.s3-ua[.]cloud eu-southeast-1-aws.ua-energy[.]cloud eu-southeast-1-aws.ukrainesec[.]cloud eu-west-1.aws-ukraine[.]cloud eu-west-1.difesa-it[.]cloud eu-west-1.gov-sk[.]cloud eu-west-1.mil-be[.]cloud eu-west-1.mil-pl[.]cloud eu-west-1.minbuza[.]cloud eu-west-1.msz-pl[.]cloud eu-west-1.mzv-sk[.]cloud eu-west-1.regeringskansliet-se[.]cloud eu-west-1.s3-de[.]cloud eu-west-1.s3-esa[.]cloud eu-west-1.s3-ua[.]cloud eu-west-1.ua-gov[.]cloud eu-west-1.ukrtelecom[.]cloud eu-west-1-aws.amazonsolutions[.]cloud eu-west-1-aws.aws-ukraine[.]cloud eu-west-1-aws.dep-no[.]cloud eu-west-1-aws.gov-pl[.]cloud eu-west-1-aws.gov-sk[.]cloud eu-west-1-aws.gov-trust[.]cloud eu-west-1-aws.gov-ua[.]cloud eu-west-1-aws.mil-be[.]cloud eu-west-1-aws.mil-pl[.]cloud eu-west-1-aws.minbuza[.]cloud eu-west-1-aws.quirinale[.]cloud eu-west-1-aws.s3-be[.]cloud eu-west-1-aws.s3-de[.]cloud eu-west-1-aws.s3-esa[.]cloud eu-west-1-aws.s3-nato[.]cloud eu-west-1-aws.ua-sec[.]cloud eu-west-1-aws.ukrainesec[.]cloud eu-west-2-aws.amazonsolutions[.]cloud eu-west-2-aws.dep-no[.]cloud eu-west-2-aws.difesa-it[.]cloud eu-west-2-aws.gov-pl[.]cloud eu-west-2-aws.gov-sk[.]cloud eu-west-2-aws.gv-at[.]cloud eu-west-2-aws.mil-be[.]cloud eu-west-2-aws.mil-pl[.]cloud eu-west-2-aws.minbuza[.]cloud eu-west-2-aws.mindef-nl[.]cloud eu-west-2-aws.msz-pl[.]cloud eu-west-2-aws.mzv-sk[.]cloud eu-west-2-aws.quirinale[.]cloud eu-west-2-aws.s3-be[.]cloud eu-west-2-aws.s3-de[.]cloud eu-west-2-aws.s3-esa[.]cloud eu-west-2-aws.s3-nato[.]cloud eu-west-2-aws.s3-ua[.]cloud eu-west-2-aws.ua-sec[.]cloud eu-west-3.amazonsolutions[.]cloud eu-west-3.aws-ukraine[.]cloud eu-west-3.mil-be[.]cloud eu-west-3.mil-pl[.]cloud 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us-east-2.ukrainesec[.]cloud us-east-2-aws.gov-ua[.]cloud us-east-2-aws.ua-gov[.]cloud us-east-2-aws.ukrtelecom[.]cloud us-east-console.aws-ukraine[.]cloud us-east-console.ua-energy[.]cloud us-west-1.aws-ukraine[.]cloud us-west-1.ua-energy[.]cloud us-west-1.ua-gov[.]cloud us-west-1.ukrtelecom[.]cloud us-west-1-amazon.ua-energy[.]cloud us-west-1-amazon.ua-mil[.]cloud us-west-1-amazon.ua-sec[.]cloud us-west-1-aws.gov-ua[.]cloud us-west-2.gov-ua[.]cloud us-west-2.ua-energy[.]cloud us-west-2.ua-sec[.]cloud us-west-2-aws.mfa-gov[.]cloud us-west-2-aws.s3-ua[.]cloud us-west-2-aws.ua-energy[.]cloud

    MIL OSI Economics

  • MIL-OSI United Kingdom: Update following round 5 of negotiations on an enhanced Free Trade Agreement with Switzerland

    Source: United Kingdom – Executive Government & Departments

    The fifth round of negotiations on an enhanced Free Trade Agreement (FTA) with Switzerland took place in London between 14 and 18 October 2024

    The fifth round of negotiations on an enhanced Free Trade Agreement (FTA) with Switzerland took place in London between 14 and 18 October 2024.

    The talks were the UK’s first with the Swiss since the Secretary of State for Business and Trade announced the government’s intention to deliver the UK’s FTA negotiations programme in July.  

    FTAs have an important role to play in achieving economic growth. A stronger trade relationship with Switzerland will contribute to growth, jobs and prosperity in the UK, providing long-term certainty on UK business travel to Switzerland and helping data and ideas flow seamlessly between two world-leading services powerhouses. Total trade between the UK and Switzerland was worth £50.8 billion in 2023.  

    UK negotiators made good progress in this round and covered almost all areas of the negotiation.

    Talks continue to be constructive, with both countries working towards agreeing ambitious outcomes in key areas, including services, investment and digital.

    Round 6 of negotiations is expected to take place in Switzerland in early 2025. The government will continue to work towards delivering outcomes in the FTA that secure economic growth for the UK. 

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

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

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Applications open for the Portsmouth Older Persons Energy Payment

    Source: City of Portsmouth

    Portsmouth pensioners can now apply for a payment from Portsmouth City Council which is open to some households who will miss out on the national Winter Fuel Payment.

    The Portsmouth Older Persons Energy Payment offers a one-off £200 or £300 payment for this winter only, to pension-aged Portsmouth residents, who will be eligible if:

    • They receive Housing Benefit or Council Tax Support
    • They are not receiving any of the qualifying benefits for the Winter Fuel Payment – Pension Credit, Universal Credit, income-related Employment Support Allowance, income-based Jobseeker’s Allowance, Income Support, Child Tax Credit, Working Tax Credit.

    A £200 payment will be given to eligible pensioners under the age of 80, and £300 to those 80 or over.

    The scheme is live and applications can be made through the council’s website. Those who need help applying can call the council’s cost of living helpline 023 9284 1047 (open 9-5pm Monday-Friday, closes 4.30pm Friday).

    Portsmouth City Council Leader Cllr Steve Pitt said: “Older residents can now apply for our energy payment scheme. We have launched it to support around 2,000 households who we believe will be impacted most by their Winter Fuel Payment being stopped.

    “It will be a one-off support to help these people transition to no longer receiving the payment from government this year. We know a lot of people rely on that money each winter and they won’t have had time to budget for losing it.

    “We unfortunately don’t have the financial resources to make this scheme permanent or to help all 18,000 Portsmouth households who won’t get the payment after the government’s change this year. But a range of support is available for all ages this winter.”

     2,500 households missing out on Pension Credit

    It’s estimated that nearly 2,500 Portsmouth households aren’t claiming the Pension Credit they’re entitled to, and are missing out on an average of £3,900 per person a year, or £300 a month. People receiving Pension Credit will automatically receive the government’s Winter Fuel Payment.

    The council is urging everyone of pension age, their families and friends to check if they are eligible. You can find out if you are eligible and claim Pension Credit online on the government website or by phone on 0800 99 1234, where you can also request a form through the post. Check if you’re eligible using the online Pension Credit Calculator.

    Support for all ages

    Cost-of-living helpline and online information hub: For help around essential costs, health and wellbeing, jobs, money and housing, and hardship funding people can apply for. The helpline is open weekdays from 9am-5pm (closes 4.30pm Fridays) on 023 9284 1047, or visit: www.portsmouth.gov.uk/costofliving

    Switched On Portsmouth: For help reducing energy bills, including referring to energy saving schemes and offering free advice. Call on 0800 260 5907 or visit www.switchedonportsmouth.co.uk

    Household Support Fund: The council will continue to use government grants to support residents of all ages. Following the recent six-month extension of the grant, the team are setting up new schemes to assist people in need. Information on the help available will continue to be updated on the Household Support Fund webpages.

    Warm Spaces: Our libraries are again now offering hot drinks in all nine libraries over the winter, along with other community settings. Find the fantastic, free activities happening in our libraries on the website, on Facebook or by popping into your local library.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: A Budget to fix the foundations and deliver change for Northern Ireland

    Source: United Kingdom – Executive Government & Departments

    The UK Chancellor delivered the Autumn Budget today (Wednesday 30 October 2024)

    Autumn Budget 2024

    • Chancellor takes long-term decisions to restore stability, rebuild the United Kingdom and protect working people across Northern Ireland.
    • No change to working people’s payslips as employee national insurance, income tax and VAT stay the same, but businesses and the wealthiest asked to pay their fair share.
    • Record £18.2 billion for the Northern Ireland Executive in 2025/26 including an additional £1.5 billion through the Barnett formula.
    • City and Growth Deals confirmed to continue to unlock growth and investment, while over £45 million is provided for counter-terrorism and security funding.

    The Chancellor has delivered a Budget to fix the foundations to deliver on the promise of change after a decade and a half of stagnation. She set out plans to rebuild the United Kingdom, while ensuring working people across Northern Ireland don’t face higher taxes in their payslips.

    The UK Government was handed a challenging inheritance; £22 billion of unfunded in-year spending pressures, debt at its highest since the 1960s, an unrealistic forecast for departmental spending, and stagnating living standards.

    This Budget takes difficult decisions to restore economic and fiscal stability, so that the UK Government can invest in the economic future of Northern Ireland and lay the foundations for growth across the UK as its number one mission.

    The Chancellor announced that the Northern Ireland Executive will be provided with a £18.2 billion settlement in 2025/26 – the largest in real terms in the history of devolution. This includes a £1.5 billion top-up through the Barnett formula, with £1.2 billion for day-to-day spending and £270 million for capital investment.

    Secretary of State for Northern Ireland Hilary Benn said:

    This is the biggest real terms settlement for Northern Ireland since devolution. 

    The Northern Ireland Executive will get an additional £640 million in Barnett consequentials this year, and an additional £1.5 billion next year. 

    This will provide  a strong foundation for stability and growth, and sees the UK Government delivering real change for the people of Northern Ireland.

    We have also confirmed the UK Government’s investment in Northern Ireland’s City and Growth deals, which is a huge boost to communities in both rural and urban areas. The Mid South West and Causeway Coast and Glens Deals alone will receive a combined investment from the UK Government of £162 million, and I look forward to seeing them progress and make a real impact now and in years to come. 

    Meanwhile, measures such as the Northern Ireland Enhanced Investment Zone, continuing support for Northern Ireland integrated schooling and the UK-wide investment of over £500m in digital infrastructure through Project Gigabit and the Shared Rural Network benefit people across Northern Ireland’s communities.

    The increase to £37.8 million in funding for the Police Service of Northern Ireland through the Additional Security Fund, combined with £8 million for the Executive Programme on Paramilitarism and Organised Crime, underscores the UK Government’s continuing and steadfast commitment to security.

    This budget is positive news for people across Northern Ireland, encouraging economic growth and enabling the conditions for a brighter future.

    Protecting working people and living standards

    While fixing the inheritance requires tough decisions, the Chancellor has committed to protecting the living standards of working people. The decisions taken by the Chancellor to rebuild public finances enable the UK Government to deliver on its pledge to not increase National Insurance, Income Tax or VAT on working people in Northern Ireland, meaning they will not see higher taxes in their payslip.

    • The National Living Wage will increase from £11.44 to £12.21 an hour from April 2025. The 6.7% increase – worth £1,400 a year for a full-time worker – is a significant move towards delivering a genuine living wage.
    • The National Minimum Wage for 18 to 20-year-olds will also see a record rise from £8.60 to £10 an hour.
    • Working people will benefit from these increases, with there estimated to be around 100,000 minimum wage workers in Northern Ireland in 2023.
    • The Chancellor has made the decision to protect working people in Northern Ireland from being dragged into higher tax brackets by confirming that Income Tax and National Insurance Contributions thresholds will be unfrozen from 2028-29 onwards. 
    • The Chancellor is also protecting motorists by freezing fuel duty for one year – a tax cut worth £3 billion, with the temporary 5p cut extended to 22 March 2026. This will benefit an estimated 1.3 million people in Northern Ireland, saving the average car driver £59, vans £126 and Heavy Goods Vehicles £1,079 next year.
    • To support pubs and smaller brewers in Northern Ireland, the UK Government is cutting duty on qualifying draught products by 1p, which represent approximately 3 in 5 alcoholic drinks sold in pubs. This measure reduces duty bills by over £70 million a year, cutting duty on an average strength pint in a pub by a penny. The relief available to small producers will be updated to help smaller brewers and cidermakers.  

    Rebuilding the United Kingdom

    This UK Government will not make a return to austerity and will instead boost investment to rebuild Britain and lay the foundations for growth in Northern Ireland. This includes £760 million of targeted funding for the Northern Ireland Executive, of which £662 million is as committed in the 2024 restoration financial package and £90 million is for capital investment.

    • The UK Government today confirmed that investment in the Mid South West and Causeway Coast and Glens City Deals will continue, supported by a value for money assessment as part of the review of the business cases for projects to ensure best value is being delivered. The Mid South West and Causeway Coast and Glens Deals deliver a combined investment from UK Government of £162 million over 15 years to rural areas in Northern Ireland.
    • The Chancellor committed the UK Government to working closely with the Northern Ireland Executive on the Industrial Strategy, 10-year infrastructure strategy and the National Wealth Fund – to ensure the benefits of these are felt UK-wide and as part of the relationship reset between governments. These will mobilise billions of pounds of investment in the UK’s world-leading clean energy and growth industries.
    • The UK Government has today reaffirmed its commitment to develop an Enhanced Investment Zone in Northern Ireland and will continue to work closely with the Northern Ireland Executive to develop proposals.
    • The UK Government has increased funding to £37.8 million for the Police Service of Northern Ireland’s Additional Security Fund and confirmed £8 million for the Executive Programme on Paramilitarism and Organised Crime to ensure that people and communities are kept safe from violence and harm.
    • To support community cohesion the UK Government is providing £730,000 of additional funding in 2025-26 to support schools in Northern Ireland through the transformation process as they work towards integrated status.
    • Under-served parts of Northern Ireland will benefit from the rollout of digital infrastructure enabled by over £500 million of UK-wide investment in Project Gigabit and the Shared Rural Network.
    • A corporate tax roadmap will provide businesses with the stability and certainty they need to make long-term investment decisions and support our growth mission. It confirms our competitive offer, with the lowest Corporate Tax rate in the G7 and generous support for investment and innovation.
    • The UK Government will also proceed with implementing the 45%/40% rates of the theatre, orchestra, museum and galleries tax relief from 1 April 2025 to provide certainty to businesses in Northern Ireland’s thriving cultural sector.

    Repairing public finances

    The Chancellor has made clear that, whilst protecting working people with measures to reduce the cost of living, there would be difficult decisions required. The Budget will ask businesses and the wealthiest to pay their fair share while making taxes fairer. This will go directly towards fixing the foundations of the UK economy.

    • The rate of Employers’ National Insurance will increase by 1.2 percentage points, to 15%. The Secondary Threshold – the level at which employers start paying national insurance on each employee’s salary – will reduce from £9,100 per year to £5,000 per year.
    • The smallest businesses will be protected as the Employment Allowance will increase to £10,500 from £5,000, allowing firms in Northern Ireland to employ four National Living Wage workers full time without paying national insurance on their wages.
    • Capital Gains Tax will increase from 10% to 18% for those paying the lower rate, and 20% to 24% for those paying the higher rate.
    • To encourage entrepreneurs to invest in their businesses Business Asset Disposal Relief (BADR) will remain at 10% this year, before rising to 14% on 6 April 2025 and 18% from 6 April 2026-27.
    • The lifetime limit of BADR will be maintained at £1 million. The lifetime limit of Investors’ Relief will be reduced from £10 million to £1 million.
    • The OBR say changes to CGT will raise over £2.5 billion a year and the UK will continue to have the lowest CGT rate of any European G7 country.
    • Inheritance Tax thresholds will be fixed at their current levels for a further two years until April 2030. More than 90% of estates each year will be outside of its scope. From April 2027 inherited pensions will be subject to Inheritance Tax. This removes a distortion which has led to pensions being used as a tax planning vehicle to transfer wealth rather than their original purpose to fund retirement.
    • From April 2026, agricultural property relief and business property relief will be reformed. The highest rate of relief will continue at 100% for the first £1 million of combined business and agricultural assets, fully protecting the majority of businesses and farms. It will reduce to 50% after the first £1 million. Reforms will affect the wealthiest 2,000 estates each year. Inheritance Tax reforms in total are predicted by the OBR to raise £2 billion to support stability.

    The Budget also announced a package of measures that disincentivise activities that cause ill health, by:

    • Renewing the tobacco duty escalator which increases all tobacco duty rates by RPI+2% plus an above escalator increase to hand rolling tobacco (totalling RPI+12%).  
    • Introducing a new vaping duty at a flat rate of 22p/ml from October 2026, accompanied by a further one-off increase in tobacco duty to maintain financial incentive to choose vaping over smoking. 
    • To help tackle obesity and other harms caused by high sugar intake, the Soft Drinks Industry Levy will increase to account for inflation since it was last updated in 2018, and the duty will rise in line with inflation every year going forward.
    • The UK Government will also uprate alcohol duty in line with RPI on 1 February 2025, except for most drinks in pubs

    The UK Government has set out the next steps to deliver its tax manifesto commitments in the July Statement. Having consulted on the final policy details where appropriate, this Budget delivers the UK Government’s manifesto commitments to raise revenue to pay for First Steps, with reforms that are underpinned by fairness, and tackle tax avoidance by:  

    • A new residence-based regime will replace the current non-dom regime from April 2025 and will be designed to attract investment and talent to the UK.
    • Offshore trusts will no longer be able to be used to shelter assets from Inheritance Tax, and there will be transitional arrangement in place for people who have made plans based on current rules.
    • The planned 50% reduction for foreign income in the first year of the new regime will be removed.
    • Reforms to the non-dom regime will raise a total of £12.7 billion according to the OBR.
    • The tax treatment of carried interest will be reformed by first increasing the Capital Gains Tax rates on carried interest to 32% and then, from April 2026, moving to a revised regime – with bespoke rules to reflect the characteristics of the reward.

    • The Higher Rate for Additional Dwellings surcharge of Stamp Duty Land Tax will rise from 3 to 5%, providing those looking to move home, or purchase their first property, with a comparative advantage over second home buyers, landlords, and businesses purchasing residential property.

    • The UK Government will also introduce 20% VAT on education and boarding services provided for a charge by private schools from 1 January 2025.

    The Chancellor also doubled down on fiscal responsibility through two new fiscal rules that put the public finances on a sustainable path and prioritise investment to support long-term growth, and new principles of stability. Spending Reviews will be held every two years, setting plans for at least three years to ensure public services are always planned and improve value for money. 

    One major fiscal event per year will give families and businesses stability and certainty on tax and spending changes, while giving the Northern Ireland Executive greater clarity for in its own budget-setting.  A Fiscal Lock will also ensure no future government can sideline the OBR again.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UKHSA detects first case of Clade Ib mpox

    Source: United Kingdom – Government Statements

    The UK Health Security Agency (UKHSA) has detected a single confirmed human case of Clade Ib mpox.

    The UK Health Security Agency (UKHSA) has detected a single confirmed human case of Clade Ib mpox. The risk to the UK population remains low.

    This is the first detection of this Clade of mpox in the UK. It is different from mpox Clade II that has been circulating at low levels in the UK since 2022, primarily among gay, bisexual and other men-who-have-sex-with-men (GBMSM).

    UKHSA, the NHS and partner organisations have well tested capabilities to detect, contain and treat novel infectious diseases, and while this is the first confirmed case of mpox Clade Ib in the UK, there has been extensive planning underway to ensure healthcare professionals are equipped and prepared to respond to any confirmed cases.

    The case was detected in London and the individual has been transferred to the Royal Free Hospital High Consequence Infectious Diseases unit. They had recently travelled to countries in Africa that are seeing community cases of Clade Ib mpox. The UKHSA and NHS will not be disclosing any further details about the individual.

    Close contacts of the case are being followed up by UKHSA and partner organisations. Any contacts will be offered testing and vaccination as needed and advised on any necessary further care if they have symptoms or test positive.

    UKHSA is working closely with the NHS and academic partners to determine the characteristics of the pathogen and further assess the risk to human health. While the existing evidence suggests mpox Clade Ib causes more severe disease than Clade II, we will continue to monitor and learn more about the severity, transmission and control measures. We will initially manage Clade Ib as a high consequence infectious disease (HCID) whilst we are learning more about the virus.

    Professor Susan Hopkins, Chief Medical Adviser at UKHSA, said:

    It is thanks to our surveillance that we have been able to detect this virus. This is the first time we have detected this Clade of mpox in the UK, though other cases have been confirmed abroad.

    The risk to the UK population remains low, and we are working rapidly to trace close contacts and reduce the risk of any potential spread. In accordance with established protocols, investigations are underway to learn how the individual acquired the infection and to assess whether there are any further associated cases.

    Health and Social Care Secretary Wes Streeting, said:

    I am extremely grateful to the healthcare professionals who are carrying out incredible work to support and care for the patient affected.

    The overall risk to the UK population currently remains low and the government is working alongside UKHSA and the NHS to protect the public and prevent transmission.

    This includes securing vaccines and equipping healthcare professionals with the guidance and tools they need to respond to cases safely.

    We are also working with our international partners to support affected countries to prevent further outbreaks.

    Steve Russell, NHS national director for vaccination and screening, said:

    The NHS is fully prepared to respond to the first confirmed case of this clade of mpox.

    Since mpox first became present in England, local services have pulled out all the stops to vaccinate those eligible, with tens of thousands in priority groups having already come forward to get protected, and while the risk of catching mpox in the UK remains low, if required the NHS has plans in place to expand the roll out of vaccines quickly in line with supply.

    Clade Ib mpox has been widely circulating in the Democratic Republic of Congo (DRC) in recent months and there have been cases reported in Burundi, Rwanda, Uganda, Kenya, Sweden, India and Germany.

    Clade Ib mpox was detected by UKHSA using polymerase chain reaction (PCR) testing.

    Common symptoms of mpox include a skin rash or pus-filled lesions which can last 2 to 4 weeks. It can also cause fever, headaches, muscle aches, back pain, low energy and swollen lymph nodes.

    The infection can be passed on through close person-to-person contact with someone who has the infection or with infected animals and through contact with contaminated materials. Anyone with symptoms should continue to avoid contact with other people while symptoms persist.

    The UK has an existing stock of mpox vaccines and last month announced further vaccines are being procured to support a routine immunisation programme to provide additional resilience in the UK. This is in line with more recent independent JCVI advice.

    Working alongside international partners, UKHSA has been monitoring Clade Ib mpox closely since the outbreak in DRC first emerged, publishing regular risk assessment updates.

    The wider risk to the UK population remains low.

    UKHSA has published its first technical briefing on clade I mpox which provides further information on the current situation and UK preparedness and response.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Russia: Scientists from the State University of Management took part in the International Conference on Sustainable Development of the Agro-Industrial Complex

    Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    From October 29 to 30, the International Scientific and Practical Conference “Sustainable Development of the Agro-Industrial Complex: Innovations, Technologies, Education” was held at the Oryol State Agrarian University.

    At the event, scientists from the State University of Management presented the results of their research on current issues of sustainable development of the agro-industrial complex of our country – from the export of agricultural products under sanctions and the distribution of resources in multi-level logistics ecosystems to reverse engineering and digital transformation of the agro-industrial complex.

    The plenary session was opened by the rector of Oryol State Agrarian University Vladimir Masalov. The participants were also addressed with a welcoming speech by the Honored Scientist of the Russian Federation, Academician of the Russian Academy of Sciences Anatoly Altukhov, the State Duma deputy, Deputy Chairperson of the State Duma Committee on Science and Higher Education Ekaterina Kharchenko and the director of the Oryol regional branch of JSC Rosselkhozbank Mikhail Shikhman.

    At the plenary session, the co-chair of the conference organizing committee, Vice-Rector of the State University of Management Maria Karelina and research fellow of the Center for Management of Engineering Projects of the State University of Management Dmitry Rybakov presented the report “Digital platforms in the agro-industrial complex as elements of the infrastructure of sustainable development”.

    Young scientists from the State University of Management also took part in the conference: technician of the Reverse Engineering Laboratory Dmitry Taldykin and junior research fellow of the Scientific Research Coordination Department Nikita Loganov. At the sections, they presented reports on “Using Big Data and Artificial Intelligence in Optimizing Technological Processes of Reverse Engineering in the Transport Industry” and “Digital Transformations in Managing Technological Processes of Reverse Engineering in the Transport Industry of the Russian Federation: Experience and Prospects.”

    Subscribe to the TG channel “Our GUU” Date of publication: 10/30/2024

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

    MIL OSI Russia News

  • MIL-OSI Russia: The Secret of Creativity: What is Needed for Industry Development

    Translation. Region: Russian Federation –

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

    On the first day of the conference, four thematic sessions were held. The first was dedicated to creative cities. “This is a complex topic, and now in Russia it is very acute, very relevant, popular. In 2020, this was completely different, four years have changed everything. Our measurements show that creative industries are incredibly unevenly distributed across regions and cities and are concentrated in certain places. That is, they are very selective. This is very important knowledge, and of course, I want to understand what kind of cities and spaces are that attract the creative industry, and what their secret is,” shared the session moderator, Director Center “Russian Cluster Observatory” Evgeny Kutsenko, Institute for Statistical Studies and Economics of Knowledge, National Research University Higher School of Economics.

    Head of Department “Creative Industries Research Laboratory” Victoria Boos, Institute for Statistical Studies and Economics of Knowledge, National Research University Higher School of Economics, presented Rating of innovative attractiveness of world citieswith an analysis of the distribution of creative industries around the world.

    “The key feature of our rating is that it provides an information base for making management decisions in the field of urban management. Another feature is a truly unique system of indicators: we do not use municipal statistics, we do not use expert assessments, we use data from independent platforms that aggregate information about the best representatives of creative industries, that is, about the leaders of creative industries,” she said.

    The study included eight industries that together account for about 90% of the income of the entire creative sector in the world. These are cinema and animation, computer games, music, fashion, advertising and PR, architecture, industrial design and art, which includes literature, performing arts and contemporary art.

    The top 5 cities with the highest concentration of creative industry leaders include London, New York, Tokyo, Los Angeles and Paris. “If we look at this rating, we will see that in the top twenty there is parity between the East and the West, and in the top thirty there are more Western cities. Accordingly, we can say that the East is declaring itself as a full-fledged participant in the creative industries market,” Victoria Boos noted.

    At the same time, the study showed that the top five cities are distinguished by a very large gap from all other cities. “You shouldn’t think that mega-creative cities only do what they do, pull creative leaders away from other settlements. The fact is that these mega-creative cities develop themselves and create creative leaders themselves,” the speaker emphasized.

    The researchers also noted that over the past two years, the proportion between developed countries and the Global South in terms of the number of creative industry representatives has changed. Today, every tenth artist who has released the most downloaded music tracks is a representative of Latin America, while 150 of the most popular fashion brands, designers, and architectural firms are concentrated in the countries of North Africa and West Asia.

    Creative industries are also developing in small towns – they have their own special style of creativity. It turned out that in some industries, more than 5% of stars are concentrated in cities with a population of less than 250 thousand people.

    Over the past year, many cities have shown impressive dynamics, the speaker noted. For example, Dubai rose from 76th to 38th place, and Tokyo entered the top three. Victoria Boos emphasized that creative support measures are needed to develop creative industries. For example, a special economic zone for creative industries is being developed in Dubai. Similar zones have recently begun to appear and develop in China. In Australia, there are three professional associations in the field of architecture and sustainable construction. In Chile, localized music streaming services are developing. Korea subsidizes cable TV prices. India and Russia are creating film cities.

    Also speaking at the session were the Chairperson of the Board of Trustees of the Creative Initiatives and Cultural Heritage Foundation (Kazakhstan) Dina Abdrakhmet, the co-founder and Chairman of the Expert Council of the Agency for Strategic Development “CENTER” Sergey Georgievsky and the Chairman of RuGBC Guy Ims.

    The second session was devoted to the management of creative industries in Russia, the third to strategic planning of creative industries and best global practices, and the fourth to education and skills in this area.

    On the second day of the session, October 31, the IV International Forum of Young Researchers of the Creative Economy will take place. The authors of scientific papers that have passed the competitive selection will present their reports.

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

    MIL OSI Russia News

  • MIL-OSI USA: ICYMI: Biden-Harris Administration Announces Selections for Nearly $3 Billion of Investments in Clean Ports as Part of Investing in America Agenda

    Source: US State of New Jersey

    EPA’s Clean Ports Program to fund 55 zero-emission port equipment, infrastructure, and planning projects across the nation to tackle climate change, reduce air pollution, promote good jobs, and advance environmental justice

    WASHINGTON – Tuesday, as part of President Biden and Vice President Harris’ Investing in America agenda, the U.S. Environmental Protection Agency announced the selection of 55 applicants across 27 states and territories to receive nearly $3 billion through EPA’s Clean Ports Program. These grants will support the deployment of zero-emission equipment, as well as infrastructure and climate and air quality planning projects at ports across the country. The grants are funded by President Biden’s Inflation Reduction Act — the largest investment in combating climate change and promoting clean energy in history— and will advance environmental justice by reducing diesel air pollution in U.S. ports and surrounding communities while promoting good-paying and union jobs that help America’s ports thrive.

    Ports are vital to the U.S. economy and are responsible for moving goods and people throughout the country. At the same time, the port and freight equipment responsible for moving goods including trucks, locomotives, marine vessels, and cargo-handling equipment contribute to significant levels of diesel air pollution at and near port facilities. This pollution is especially harmful to nearby communities’ health and contributes to climate change. The funds announced Tuesday will improve air quality at ports across the country by installing clean, zero-emission freight and ferry technologies along with associated infrastructure, eliminating more than 3 million metric tons of carbon pollution, equivalent to 391,220 homes’ energy use for one year.

    “Our nation’s ports are critical to creating opportunity here in America, offering good-paying jobs, moving goods, and powering our economy,” said EPA Administrator Michael S. Regan. “Today’s historic $3 billion investment builds on President Biden’s vision of growing our economy while ensuring America leads in globally competitive solutions of the future. Delivering cleaner technologies and resources to U.S. ports will slash harmful air and climate pollution while protecting people who work in and live nearby ports communities.”

    “President Biden and Vice President Harris entered office with a vision to rebuild our nation’s infrastructure and tackle the climate crisis in a way that would create good-paying and union jobs and uplift the communities who’ve borne the brunt of pollution,” said John Podesta, Senior Advisor to the President for International Climate Policy. “The EPA Clean Ports program is one of the best examples of their vision come to life.”

    “Decarbonizing our nation’s ports is one of the many ways President Biden and Vice President Harris’s investment agenda is helping cut pollution and create good-paying union jobs,” said White House National Climate Advisor Ali Zaidi. “The communities being uplifted by these grants provide proof points for how good environmental policy can be good economic policy. By advancing clean energy solutions in every sector of our growing economy, the Biden-Harris administration continues to position our nation to lead the global clean energy race, while protecting all communities — especially those on the front-line and the fence-line — from harmful pollution in the air we breathe and the water we drink.”

    “The Port of Baltimore is a vital economic engine for the state and a leader among the nation’s ports. As we work to improve the Port, it is essential that we build for the future. The projects supported by the Clean Ports Program will help reduce emissions, improve air quality in the Baltimore region and create more clean energy jobs,” said Senator Ben Cardin (MD). “The Biden-Harris administration’s bold investments in modernizing our infrastructure are driving our economy forward while enabling us to take on climate change in a meaningful way.”

     “The tremendous projects selected for these federal funding awards will improve air quality and combat climate change by dramatically diminishing the Port of Baltimore’s greenhouse gas and toxic pollutant emissions via installation of zero-emission cargo handling equipment and trucks, while also bolstering the Maryland Port Administration’s overall emissions reduction strategy. These extraordinary federal investments into our Port are consistent with our collective duty to preserve the planet – while also continuing to uplift the Port of Baltimore’s workforce and surrounding communities in the transition to a zero-emissions facility,” said Congressman Kweisi Mfume (MD-07). “As exemplified by this compelling announcement, the historic Inflation Reduction Act continues to tackle the climate crisis with fierce urgency right here in Baltimore.” 

    In February 2024, EPA announced two separate funding opportunities for U.S. ports – a Zero-Emission Technology Deployment Competition to directly fund zero-emission equipment and infrastructure to reduce mobile source emissions and a Climate and Air Quality Planning Competition to fund climate and air quality planning activities. The competitions closed in May 2024 with over $8 billion in requests from applicants across the country seeking to advance next-generation, clean technologies at U.S. ports.

    After a thorough and rigorous grant application review process, EPA selected 55 applications to receive this historic investment. Applications to the Clean Ports Program were evaluated in part on their workforce development efforts, to ensure that projects will expand access to high-quality jobs. Grant selections also align with the Administration’s national goal for a zero-emission freight sector, the National Blueprint for Transportation Decarbonization, and the ‘all-of government’ National Zero-Emission Freight Corridor Strategy.

    Selected projects cover a wide range of human-operated and human-maintained equipment used at and around ports, with funds supporting the purchase of zero-emission equipment, including over 1,500 units of cargo handling equipment, 1,000 drayage trucks, 10 locomotives, and 20 vessels, as well as shore power systems, battery-electric and hydrogen vehicle charging and fueling infrastructure, and solar power generation.

    Initial estimates of tailpipe reductions from this new equipment are estimated to be over 3 million metric tons of CO2, 12 thousand short tons of NOx, and 200 short tons of PM2.5 in the first 10 years of operation.  These estimates are based on initial counts of proposed zero-emission equipment and shore power installations and do not consider benefits from retiring older vehicles, among other factors. These simplified estimates were prepared using national default emissions and activity factors and will be refined over time with more detailed information from selectees.

    Selected Zero-Emission Technology Deployment project examples include:

    The Port Authority of New York and New Jersey (PANYNJ) has been selected to receive an anticipated $344,138,135 to work with 5 collaborating partners to implement their proposed project, Catalyzing Change: Zero-Emissions NY-NJ Port Projects for a Greener Future. The proposed project includes the deployment of electric cargo handling equipment and drayage trucks with supporting charging infrastructure, including through a ZE Equipment for Ports (ZEEP) Voucher Incentive Program and Green Drayage Accelerator (GDA) program. PANYNJ commits to reducing the number of polluting vehicles at the port by scrapping a portion of the existing fleet. The project also includes the installation of vessel shore power infrastructure. As part of this project, PANYNJ will implement a comprehensive community engagement plan and train workers to operate and maintain new equipment and infrastructure.

    The Detroit/Wayne County Port Authority has been selected to receive an anticipated $21,905,782 to initiate the transition to a zero-emission future for the Port of Detroit in Michigan. The proposed project includes the acquisition and deployment of battery-electric cargo handling equipment, vessels, railcar movers, charging equipment, and solar arrays to support the electricity needs of the new equipment. The project also includes the scrappage of diesel cargo handling equipment, a vessel, and a railcar mover to reduce air pollution at the port and in the surrounding area. As part of this project, the applicant plans to develop a stakeholder engagement plan to facilitate community engagement and a guidebook for workforce development. 

    The Georgia Ports Authority (GPA) has been selected to receive an anticipated $48,763,746 to upgrade the Port of Savannah and the Port of Brunswick with vessel shore power systems. These systems will allow ships to ‘plug-in’ to electric grid power and turn off auxiliary diesel engines while at port. In addition, the project includes the scrappage and replacement of diesel terminal tractors with new electric terminal tractors and the installation of electric charging infrastructure. GPA plans to engage with communities through their community advisory network and conduct classroom and on the job training for workers related to shore power, zero-emission vehicles, and charging stations.

    The Philadelphia Regional Port Authority has been selected to receive an anticipated $77,650,965 to deploy zero-emission port equipment across the Port of Philadelphia’s (PhilaPort) operations in Pennsylvania. The equipment slated for purchase under this project includes zero-emissions (ZE) cargo handling equipment and associated charging infrastructure. The project also includes the scrappage of a portion of the existing diesel fleet to reduce air pollution at the port and in the surrounding area. In addition to the deployment of zero-emission technology, the Philadelphia Regional Port Authority plans to conduct community engagement and workforce development through this project.

    The Port Department of the City of Oakland has been selected to receive an anticipated $322,167,584 to purchase and deploy zero-emission technology at the Port of Oakland in California. Project activities include the deployment of electric and hydrogen cargo handling equipment, drayage trucks, charging infrastructure, and a battery energy storage system, and the scrappage of a portion of the existing diesel fleet. The project includes community engagement activities, workforce training on zero-emission equipment, and efforts to expand access to high-quality jobs in near-port communities.

    Selected Climate and Air Quality Planning project examples include:

    The Port of Houston Authority in Texas, which has been selected to receive an anticipated $2,983,457 grant for the Port Houston’s PORT SHIFT (Ports Optimizing Resilient Transportation through Sustainable, Human, Innovative, and Forward-looking Technology), a comprehensive program designed to accelerate the introduction of zero-emissions technology into the Houston Port ecosystem. The project includes nine tasks: 1) greenhouse gas emissions inventory; 2) truck route analysis; 3) infrastructure cost assessment; 4) climate action plan; 5) performance measurement framework; 6) advisory council and community engagement forum; 7) trucking industry collaborative; 8) workforce planning and engagement; and 9) resiliency planning.

    The Puerto Rico Ports Authority has been selected to receive an anticipated $1,800,000 for planning activities including the development of a baseline air emissions inventory and two projected “business as usual” emissions inventories for 2030/2050, development of emissions reduction strategies, and stakeholder engagement. Reduction strategies will prioritize technologically and operationally feasible vehicles and equipment that can be integrated to reduce criteria, greenhouse gas, and toxic air emissions. The project also includes development of a resiliency plan to protect infrastructure from climate related vulnerabilities, such as hurricanes.

    The Northwest Seaport Alliance (NWSA) has been selected to receive an anticipated $3,000,000 to conduct planning for a breakbulk cargo terminal at the Port of Tacoma in Washington. Expected activities include completing a baseline emissions inventory and feasibility analysis of ZE technology to inform the development of a plan to transition 40 pieces of CHE and light-duty vehicles to zero-emissions, and engineering and design for shore power. A workforce development and climate resilience needs assessment will be prepared as part of the planning process. Meaningful community is already a standard practice at NWSA, and the project is informed by community concerns.

    In addition to protecting human health and the environment, the program will protect and grow good-paying and union port jobs, create new good-paying and union jobs in the domestic clean energy sector, and enhance U.S. economic competitiveness through the innovation, installation, maintenance, and operation of zero-emissions equipment and infrastructure. The program’s historic investment in zero-emission port technology will also help promote and ensure the U.S. position as a global leader in clean technologies.

    EPA’s Clean Ports Program advances President Biden’s Justice40 Initiative, which aims to deliver 40% of the overall benefits of certain federal investments to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.  Disadvantaged communities will benefit from cleaner air and access to high quality jobs that will be created to operate zero emissions technologies at ports.

    EPA ensured that near-port community engagement and equity considerations were at the forefront of the Clean Ports Program’s design, including by evaluating applications on the extent and quality of their projects’ community engagement efforts. The program will also help to ensure that meaningful community engagement and emissions reduction planning become a part of port industry standard practices by building on the successes of EPA’s Ports Initiative and the Diesel Emissions Reduction Act programs. These programs have previously invested over $196 million to implement 207 diesel emissions reduction projects at ports with an additional $88 million to multi-sector projects that involve ports and have encouraged strong community-port collaboration.

    The agency anticipates making awards once all legal, statutory, and administrative requirements are satisfied. Selectees will work with EPA over the coming months to finalize project plans before receiving final awards and moving into the implementation phase. Project implementation will occur over the next three to four years depending on the scope of each project.

    To learn more about the Clean Ports Program tentatively selected applications, please visit the Clean Ports Program Selections webpage.

    MIL OSI USA News

  • MIL-OSI Security: Two Members of Transnational Money Laundering Organization Plead Guilty to Laundering Millions of Dollars in Drug Proceeds

    Source: Office of United States Attorneys

    A Georgia man pleaded guilty today to his involvement in a conspiracy to launder tens of millions of dollars in drug proceeds on behalf of foreign drug trafficking organizations, including the Sinaloa Cartel and Cartel de Jalisco Nueva Generación (the Jalisco Cartel). Earlier this year, on Aug. 5, a foreign national residing in Illinois pleaded guilty for his role in the same money laundering scheme.

    According to court documents, Li Pei Tan, 46, of Buford, and Chaojie Chen, 41, a Chinese national residing in Chicago, worked for an organization that laundered millions of dollars in proceeds related to the importation of illegal drugs into the United States, primarily through Mexico, and the unlawful distribution of these drugs. Tan, Chen, and their co-conspirators traveled throughout the United States to collect proceeds derived from trafficking in fentanyl, cocaine, and other drugs. They communicated and coordinated with co-conspirators in China and other foreign countries to arrange for the laundering of these proceeds through financial transactions that were designed to conceal the illicit source of the drug proceeds, including through a sophisticated trade-based money laundering scheme involving the purchasing of bulk electronics in the United States and the shipping of these electronics to co-conspirators in China.

    On multiple occasions prior to Chen’s May arrest, law enforcement seized hundreds of thousands of dollars in bulk cash drug proceeds from Chen at locations across the United States. Additionally, Tan was intercepted by law enforcement in South Carolina while attempting to transport over $197,000 in drug proceeds.

    According to the Drug Enforcement Administration (DEA)’s National Drug Threat Assessment, the Sinaloa and Jalisco cartels are at the heart of the fentanyl crisis in the United States.

    Tan and Chen pleaded guilty to conspiracy to commit money laundering. As part of their pleas, Tan and Chen agreed to forfeit numerous assets to the government, including a residence, a firearm, body armor, and more than $270,000 in seized currency. Additionally, they agreed to the imposition of money judgments totaling over $23 million. Chen is scheduled to be sentenced on Nov. 14 and Tan is scheduled to be sentenced on Feb. 7, 2025. Chen and Tan each face a maximum penalty of 20 years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; U.S. Attorney Jessica D. Aber for the Eastern District of Virginia; and DEA Administrator Anne Milgram made the announcement.

    The DEA’s Special Operations Division, Bilateral Investigations Unit is investigating the case, with assistance from the DEA’s Office of Special Intelligence, Document and Media Exploitation Unit; DEA offices in Chicago, Atlanta, Charlotte, North Carolina, and Charleston, South Carolina; and the Anderson County, South Carolina, Sheriff’s Office.

    Trial Attorney Mary K. Daly of the Criminal Division’s Money Laundering and Asset Recovery Section and Assistant U.S. Attorney Edgardo J. Rodriguez for the Eastern District of Virginia are prosecuting the case.

    MIL Security OSI

  • MIL-OSI: Felix partners with Zero Hash to expand its simplified, borderless remittance solution

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Felix, the chat-based platform that combines Stablecoins and AI to make remittances as easy as sending a WhatsApp, has partnered with Zero Hash, the leading crypto and stablecoin infrastructure platform. Leveraging Zero Hash’s infrastructure that seamlessly connects fiat, crypto and stablecoins, with broad regulatory coverage (across 52 US jurisdictions), Felix now offers their simplified cross-border payments solution to more than 60 million US-based Latinos, who collectively send $150bn to their families every year.

    In just two years, Felix has grown over 500x in payment volume helping hundreds of thousands of Latinos in the US sending money back home to family and friends. In May 2024, Félix Pago raised $15.5 million in Series A funding, and in 2023 they won a prestigious award from CrossTech: ‘Fintech Making a Difference’.

    Felix has identified a crucial need in the Latino immigrant community, where sending money back home using traditional methods is often a complex, slow and expensive process. By integrating their service with Whatsapp, an app used by 85% of Latinos, and using stablecoins to move money across borders 24/7/365 and in near real-time, Felix has created a user-friendly, more cost-efficient solution for sending remittances.

    Through embedding Zero Hash’s infrastructure natively into the Felix service, Felix is able to control the front end customer experience, while Zero Hash handles the end-to-end technical and regulatory compliant money movement on the back end; receiving and converting USD to USDC, and then sending to global partners instantly, who convert the USDC to the local currency, and send the funds to the receiver. Leveraging stablecoins offer a faster and more affordable way to remit money from the US to Mexico.

    “One of the biggest indicators of our success is our NPS score of 90, which is more than double the typical score in the remittance industry. We’re extremely proud of that number. It’s a testament of our success in delivering user-friendly, efficient remittance solutions for the Latino community. By combining a familiar messaging application with stablecoin technology, we’re not just transferring money – we’re ensuring that more of the money that is sent goes to the recipient.” said Manuel J Godoy, Co-Founder & CEO at Felix. ” Zero Hash’s seamless, connected and safe stablecoin infrastructure, abstracts the complexity for us, and means Felix can focus on building the best remittance experience, for the millions of Latinos sending money back home.”

    “This remittance flow, powered by stablecoin technology as the ‘network of networks’, enables sender and receiver to operate in fiat, without having to interact with stablecoins,” said Edward Woodford, Founder and CEO of Zero Hash. “We have always believed that the adoption of crypto and stablecoins will happen when the technology moves from the foreground to the background, and are delighted that the partnership between Zero Hash and Felix achieves that; resulting in simple, instant, and cheap money transfers.”

    About Felix

    Félix is ​​a chat-based platform that enables Latinos in the US to send money abroad. We combine Blockchain and Artificial Intelligence to disrupt how remittances are done today and build the future of cross-border payments.

    Felix launched its services in the summer of 2022 and since then has supported hundreds of thousands of Latinos to send money back home in seconds and at a fraction of the cost of traditional methods. Felix has raised $20m+ in capital from investors including Castle Island Ventures, Switch Ventures, HTwenty, Contour and MELI Capital (the corporate VC of Mercado Libre)

    About Zero Hash

    Zero Hash is a B2B2C crypto-as-a-service infrastructure platform that allows any platform to embed digital assets natively into their own customer experience quickly and easily through a matter of API endpoints. Zero Hash’s turnkey solution handles the entire backend complexity and regulatory licensing required to offer crypto products.

    Zero Hash Holdings, through its subsidiaries, powers neo-banks, broker-dealers, payment groups as well as non-financial brands to offer crypto and stablecoin powered products.

    Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

    Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 US jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.

    Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency Exchange Provider, with DCE registered provider number DCE100804170-001. This registration enables Zero Hash to offer its crypto services in Australia. Zero Hash Australia Pty Ltd. is registered on the New Zealand register of financial service providers, with Financial Service Provider (FSP) number FSP1004503. A FSP in New Zealand is a registration and does not mean that Zero Hash Australia Pty Ltd. is licensed by a New Zealand regulator to provide crypto services. Zero Hash Australia Pty Ltd.’s registration on the New Zealand register of financial service providers does not mean that Zero Hash Australia is subject to active regulation or oversight by a New Zealand regulator. Zero Hash Europe B.V. is registered as a Virtual Asset Services Provider (VASP) registration by the Dutch Central Bank (Relation number: R193684). Zero Hash Europe Sp. Zoo is registered as a VASP by the Tax Administration Chamber of Poland in Katowice (Registration number RDWW – 1212).

    Connect with Zero Hash

    Website | Twitter | LinkedIn | Medium

    Zero Hash Contact

    Shaun O’keeffe

    (855) 744-7333

    media@zerohash.com

    Zero Hash Disclosures

    Zero Hash services and product offerings may not be available in all jurisdictions. Zero Hash accounts are not subject to FDIC or SIPC protections, or any such equivalent protections that may exist outside of the US. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero. Zero Hash is not registered with the SEC or FINRA. Zero Hash does not provide any securities services and is not a custodian of securities, including security tokens, on behalf of customers.

    The MIL Network

  • MIL-OSI Africa: Afreximbank Calls for Increased Collaboration to Accelerate the Green Energy Transition in Africa

    Source: Africa Press Organisation – English (2) – Report:

    WASHINGTON D.C., United States of America, October 30, 2024/APO Group/ —

    The eighth Babacar Ndiaye Lecture held at the Four Seasons Hotel in Washington D.C., on 26 October 2024, under-scored the need for African nations to strike a balance between short-term development imperatives and long-term climate goals. 

    Under the theme “Saving Lives Today versus Saving the Planet for the Future: Can the AfCFTA Resolve the Climate Change Dilemma?” discussions centred on how the African Continental Free Trade Area (AfCFTA), Africa’s most ambitious trade initiative, could serve as a vehicle for economic growth and environmental sustainability, positioning the continent as a leader in the global green transition.  

    The Lecture drew a distinguished audience of policymakers, academics, financial experts and climate advocates.  

    Speaking about Dr. Babacar Ndiaye in his opening remarks, H.E. Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank Group, said “Dr Babacar Ndiaye was most concerned by the long-term threats posed to humanity by climate change. He once said, “Climate change is the greatest threat to development, particularly in Africa, where millions of people depend on the environment for their livelihoods … Africa’s economic transformation cannot happen without addressing climate change.”  

    Dr. Ndiaye’s reflection on the impact of climate change was spot-on and intellectually deep.” But, “disappointingly, the global debate on climate has been so much focused on emissions reduction with the question of reducing its impact on Africa and other developing countries always reduced to a footnote. A call for Africa to decarbonise, when the continent has not even carbonised, poses a serious threat to the socio-economic development of a gas-rich continent that has at least six hundred million people without electricity.” 

    The African Continental Free Trade Area Agreement “is seen as a potent means of reducing carbon emissions as it is helping to domesticate industrial activities and minimise the carbon emissions caused by shipping of commodities to far-away lands for value addition and reshipping to Africa and elsewhere. We believe that The AfCFTA could offer a pathway to a just transition, enabling local industrial value addition while protecting the planet.”  

    Professor Yemi Osinbajo, SAN, GCON, the Immediate Past Vice President of the Federal Republic of Nigeria, delivered a powerful address titled “Sustainable Infrastructure for Africa’s Future: Harnessing Innovation and Partnerships.” He spoke passionately about the advantages of the AfCFTA and its potential to transform Africa’s trade landscape, reduce carbon emissions and foster innovation in green industries. 

    “There are two obvious advantages to a fully operational AfCFTA.The first is that 42% of African countries, aside from North Africa, now have legislation prohibiting the export of raw ores or minerals before being processed. This legislation gives African countries the benefit of jobs and revenues from local processing and manufacturing.  

    “The second advantage of the AfCFTA is that shipping is a major source of carbon emissions. Under current trade practices, a large share of African raw materials are exported to other regions, where they are processed or manufactured into finished products, usually using fossil fuel power sources, before being shipped back to Africa for consumption. This cycle contributes to higher emissions and constitutes a loss for African countries that do not reap the value chain gain from beneficiation. Intra-African trade in finished goods will substantially reduce this massive cause of global emissions,” he said. 

    The reduction of emissions by intra-African trade has been the subject of several empirical studies. Professor Osinbajo referred to a recent ECA/ CEPII study titled “Greening the African Continental Free Trade Area Agreement’s Implementation” published in December 2023, which found, inter alia, that implementing the AfCFTA can boost intra-African trade by 35% in 2045 while increasing GHG emissions by less than 1%, compared to no AfCFTA or climate policies.  

    These studies do not factor in using renewable energy sources in the processing and manufacturing of traded goods, an assumption of the Climate Positive Growth paradigm, which would again substantially reduce emissions.  

    Professor Osinbajo cited mining bauxite in Guinea as an example. If Guinea, which has 25% of global deposits of bauxite, processed the bauxite it mines to aluminium with renewable energy in readiness for export, Guinea could save the world 335 million tonnes of carbon dioxide equivalent (CO2e) per year, which is approximately 1% of global emissions, and create 280,000 jobs and generate $37 billion of additional revenue. If it chooses to sell the aluminium within Africa, it will again save the huge shipping cost to countries thousands of miles away.  

    A Bloomberg study done for the African Development Bank (AfDB) in 2021 on the manufacture of battery precursors found that manufacturing battery precursors in the Democratic Republic of the Congo (DRC), which has plenty of lithium and cobalt, is three times cheaper than manufacturing it in the US, EU and China. Manufacturing in the DRC would extend value chain opportunities to other African countries, they would need manganese from Zambia, Tanzania, Gabon and South Africa to contribute to its capacity to produce these battery precursors. Manufacturing using renewable energy could significantly reduce the cost of manufacturing. Africa’s abundant renewable energy has very low seasonality or intermittency, making it possible to reliably provide a renewable baseload to power continuous industrial production.  

    “The AfCFTA empowers African countries first to add value to materials and specialise in areas of national comparative advantage, and also to work together to trade more beneficially with the rest of the world,” said Prof Osinbajo. 

    He futher said that “Most African countries depend on fossil fuels for their energy needs and for fossil fuel rich African countries, this is also a major source of export earnings and fiscal revenues. Ostensibly in keeping with their net zero obligations, there has been a growing trend amongst development finance institutions to withdraw from fossil fuel investment. These actions include the World Bank’s decision to cease funding for upstream oil and gas development in Africa and the restrictions on financing downstream gas development by the European Union, the United Kingdom, and the United States. Clearly, the implications of these actions are dire, where there are no immediate alternative sources of power and the cost of the transition to cleaner fuels may be prohibitive. Some studies show that divesting from fossil fuels could reduce GDP by as much as USD$30 billion for Nigeria, USD$22 billion for Algeria, and USD$19.3 billion for Angola.” 

    H.E. Dr Rania A Al-Mashat, Minister for Planning, Economic Development and International Co-operation, Arab Republic of Egypt said that while the “African continent is the least responsible for carbon emissions, it has the biggest burden in terms of financing climate change for developmental needs – such as food and water security, and access to energy. 

    She called for greater collaboration with national and international stakeholders “We need to work together; we need to bring the experiences from other places so that Africa can push forward with respect to development and sustainable economic growth.” 

    In her Goodwill Message, Ms. Amina J. Mohammed, Deputy Secretary-General of the United Nations and Chair of the United Nations Sustainable Development Group, spoke about the rapidly closing window to prevent the worst impacts of climate change. She addressed the fact that many African countries are mired in debt, exacerbated by extended crises with little access to long-term concessional financing to invest in sustainable development. 

    “With adequate access to financial resources at a reasonable cost, renewables can dramatically boost economies, grow new industries, create jobs and drive development, including by reaching the over 600 million Africans living without access to power,” said Ms Mohammed. 

    She also stressed the importance of prioritising inclusive policies that empower women and youth when building climate-resilient economies.  

    “By harnessing the collective might of the AfCFTA, Africa can make strides in addressing both climate action and sustainable development by promoting regional integration and fostering green industrialisation.  

    “The AfCFTA can help build climate-resilient economies while creating jobs, reducing poverty and strengthening food security.”  

    The eighth Babacar Ndiaye Lecture also reinforced Afreximbank’s commitment to leadership in financing sustainable infrastructure and trade policies across the continent. 

    MIL OSI Africa

  • MIL-OSI Europe: Declaration by the Nordic Prime Ministers, 29 October, Reykjavik

    Source: Government of Sweden

    Declaration by the Nordic Prime Ministers, 29 October, Reykjavik – Government.se

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    The Nordic Council held its 76th Session in Reykjavik on 28–31 October, with focus on peace and security in the Arctic and Nordic regions.

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    MIL OSI Europe News

  • MIL-OSI United Kingdom: A Budget to fix the foundations and deliver change for Scotland

    Source: United Kingdom – Government Statements

    Chancellor takes long-term decisions to restore stability, rebuild Britain and protect working people across Scotland.

    • No change to working people’s payslips as employee national insurance and VAT stay the same, but businesses and the wealthiest asked to pay their fair share.
    • Record £47.7 billion for the Scottish Government in 2025/26 includes £3.4 billion through the Barnett formula.
    • Funding for Green Freeports, City and Growth Deals, GB Energy and hydrogen projects to fire up growth and deliver good jobs across Scotland.

    The Chancellor has delivered a Budget to fix the foundations to deliver on the promise of change after a decade and a half of stagnation. She set out plans to rebuild Britain, while ensuring working people across Scotland don’t face higher taxes in their payslips.

    The UK Government was handed a challenging inheritance; £22 billion of unfunded in-year spending pressures, debt at its highest since the 1960s, an unrealistic forecast for departmental spending, and stagnating living standards.

    This Budget takes difficult decisions to restore economic and fiscal stability, so that the UK Government can invest in Scotland’s future and lay the foundations for economic growth across the UK as its number one mission.

    The Chancellor announced that the Scottish Government will be provided with a £47.7 billion settlement in 2025/26 – the largest in real terms in the history of devolution. This includes a £3.4 billion top-up through the Barnett formula, with £2.8 billion for day-to-day spending and £610 million for capital investment.

    Secretary of State for Scotland Ian Murray said:

    This is a historic budget for Scotland that chooses investment over decline and delivers on the promise that there would be no return to austerity.

    It is the largest budget settlement for the Scottish Government in the history of devolution, including an additional £1.5 billion this financial year and an additional £3.4 billion next year through the Barnett formula. That money must reach frontline services, to bring down NHS waiting lists and lift attainment in our schools.

    It will also bring a new era of growth for Scotland and the whole UK, confirming nearly £890 million of direct investment into Freeports, Investment Zones, the Argyll and Bute Growth Deal, and other important local projects across Scotland’s communities, as well as £125 million next year for GB Energy and support for green hydrogen projects in Cromarty and Whitelee.

    The increase in the minimum wage will also mean a pay rise for hundreds of thousands of workers in Scotland, with the biggest increase for young workers ever. This is on top of our employment rights bill which will deliver the biggest upgrade in workers’ rights in a generation. The triple lock means an increase in the state pension by £470 next year, on top of £900 this year for a million Scottish pensioners.

    The budget protects working people in Scotland, delivers more money than ever before for Scottish public services and means an end to the era of austerity.

    Protecting working people and living standards

    While fixing the inheritance requires tough decisions, the Chancellor has committed to protecting the living standards of working people. The decisions taken by the Chancellor to rebuild public finances enable the UK Government to deliver on its pledge to not increase National Insurance or VAT on working people in Scotland, meaning they will not see higher taxes in their payslip.

    • The National Living Wage will increase from £11.44 to £12.21 an hour from April 2025. The 6.7% increase – worth £1,400 a year for a full-time worker – is a significant move towards delivering a genuine living wage.
    • The National Minimum Wage for 18 to 20-year-olds will also see a record rise from £8.60 to £10 an hour.
    • Working people will benefit from these increases, with there estimated to be over 100,000 minimum wage workers in Scotland in 2023.
    • The Chancellor has made the decision to protect working people in Scotland from being dragged into higher tax brackets by confirming that the freeze on National Insurance Contributions thresholds will be lifted from 2028-29 onwards, rising in line with inflation so they can keep more of their hard-earned wages.
    • The Chancellor is also protecting motorists by freezing fuel duty for one year – a tax cut worth £3 billion, with the temporary 5p cut extended to 22 March 2026. This will benefit an estimated 3.2 million people in Scotland, saving the average car driver £59, vans £126 and Heavy Goods Vehicles £1,079 next year.
    • To support Scottish pubs and smaller brewers in Scotland, the UK Government is cutting duty on qualifying draught products by 1p, which represent approximately 3 in 5 alcoholic drinks sold in pubs. This measure reduces duty bills by over £70 million a year, cutting duty on an average strength pint in a pub by a penny. The relief available to small producers will be updated to help smaller brewers and cidermakers.  
    • Over 1 million Scottish pensioners will benefit from a 4.1% increase to their new or basic State Pension in April 2025. This is an additional £470 a year for those on the new State Pension and an additional £360 a year for those on the basic State Pension.
    • Households eligible for Pension Credit will get £465 a year more for single pensioners and up to £710 a year more for couples due to a 4.1% increase in the Pension Credit Standard Minimum Guarantee, benefitting 125,000 pensioners in Scotland.
    • Around 1.7 million families in Scotland will see their working-age benefits uprated in line with inflation – a £150 gain on average in 2025-26.
    • Reducing the maximum level of debt repayments that can be deducted from a household’s Universal Credit payment each month from 25% to 15% will benefit a Scottish family by over £420 a year on average.

    Rebuilding Britain

    This UK Government will not make a return to austerity and will instead boost investment to rebuild Britain and lay the foundations for growth in Scotland. This includes £130 million of targeted funding for the Scottish Government, of which £120 million is in capital investment.

    • The Budget delivers on the first step to establish Great British Energy by providing £125 million next year to set up the institution at its new home in Aberdeen – helping to develop new clean energy projects in Scotland and across the UK. 
    • The UK Government will deliver £122 million for City and Growth Deals, including the continuation of its contribution to the Argyll and Bute Growth Deal which delivers £25 million of investment in the region over 10 years. This Deal will be supported by a rigorous value for money assessment as part of the review of the business cases for projects within it, to ensure best value is being delivered.
    • The Budget gives certainty to local leaders and investors, confirming funding for the Investment Zones and Freeports programmes across the UK – including Scotland’s Green Freeports. 
    • The Chancellor committed the UK Government to working closely with the Scottish Government on the Industrial Strategy, 10-year infrastructure strategy and the National Wealth Fund – to ensure the benefits of these are felt UK-wide and as part of the relationship reset between governments. These will mobilise billions of pounds of investment in the UK’s world-leading clean energy and growth industries.
    • To support economic growth and promote Scottish culture, products and services through diplomatic and trade networks, the UK Government is allocating £750,000 for the Scotland Office in 2025/26 to champion Brand Scotland as was committed in the manifesto.
    • We are supporting Scotland’s world-renowned Scotch Whisky industry by providing up to £5 million for HMRC to reduce the fees charged by the Spirit Drinks Verification Scheme and by ending mandatory duty stamps for spirits on 1 May 2025.
    • Two electrolytic hydrogen projects in Scotland have been selected for UK Government revenue support through the first Hydrogen Allocation Round: Cromarty Green Hydrogen Project and Whitelee Green Hydrogen. Both projects will bring in significant international investment and create good quality, local jobs.
    • An extension of the Innovation Accelerators programme will support the high-potential innovation cluster in the Glasgow City Region.
    • A corporate tax roadmap will provide businesses with the stability and certainty they need to make long-term investment decisions and support our growth mission. It confirms our competitive offer, with the lowest Corporate Tax rate in the G7 and generous support for investment and innovation. 
    • The UK Government will also proceed with implementing the 45%/40% rates of the theatre, orchestra, museum and galleries tax relief from 1 April 2025 to provide certainty to businesses in Scotland’s thriving cultural sector.

    Repairing public finances

    The Chancellor has made clear that, whilst protecting working people with measures to reduce the cost of living, there would be difficult decisions required. The Budget will ask businesses and the wealthiest to pay their fair share while making taxes fairer. This will go directly towards fixing the foundations of the UK economy.

    • The rate of Employers’ National Insurance will increase by 1.2 percentage points, to 15%. The Secondary Threshold – the level at which employers start paying national insurance on each employee’s salary – will reduce from £9,100 per year to £5,000 per year.
    • The smallest businesses will be protected as the Employment Allowance will increase to £10,500 from £5,000, allowing Scottish firms to employ four National Living Wage workers full time without paying employer national insurance on their wages.
    • Capital Gains Tax will increase from 10% to 18% for those paying the lower rate, and 20% to 24% for those paying the higher rate.
    • To encourage entrepreneurs to invest in their businesses Business Asset Disposal Relief (BADR) will remain at 10% this year, before rising to 14% on 6 April 2025 and 18% from 6 April 2026-27.
    • The lifetime limit of BADR will be maintained at £1 million. The lifetime limit of Investors’ Relief will be reduced from £10 million to £1 million.
    • The OBR say changes to CGT raise over £2.5 billion a year and the UK will continue to have the lowest CGT rate of any European G7 country.
    • Inheritance Tax thresholds will be fixed at their current levels for a further two years until April 2030. More than 90% of estates each year will be outside of its scope. From April 2027 inherited pensions will be subject to Inheritance Tax. This removes a distortion which has led to pensions being used as a tax planning vehicle to transfer wealth rather than their original purpose to fund retirement.
    • From April 2026, agricultural property relief and business property relief will be reformed. The highest rate of relief will continue at 100% for the first £1 million of combined business and agricultural assets, fully protecting the majority of businesses and farms. It will reduce to 50% after the first £1 million. Reforms will affect the wealthiest 2,000 estates each year. Inheritance Tax reforms in total are predicted by the OBR to raise £2 billion to support stability.

    • From 2026-27 Air Passenger Duty (APD) for short and long-haul flights will increase by 13% to the nearest pound, a partial adjustment to account for previous high inflation. For economy passengers, this means a maximum £2 extra per short haul flight and tickets for children under the age of 16 remain exempt from APD. APD for larger private jets will be increased by a further 50%. Passengers carried on flights leaving from airports in the Scottish Highlands and Islands region are exempt from APD.
    • The rate of the Energy Profits Levy will increase to 38% from 1 November 2024 and the levy will now expire one year later than planned, on 31 March 2030.  The 29% investment allowance will be removed.
    • To provide long-term certainty and to support a stable energy transition, the UK Government will make no additional changes to tax relief available within the EPL and a consultation will be published in early 2025 on a successor regime that can respond to price shocks. Money raised from changes to the EPL will support the transition to clean energy, enhance energy security and provide sustainable jobs for the future.

    The Budget also announced a package of measures that disincentivise activities that cause ill health, by:

    •  Renewing the tobacco duty escalator which increases all tobacco duty rates by RPI+2% plus an above escalator increase to hand rolling tobacco (totalling RPI+12%).  
    • Introducing a new vaping duty at a flat rate of 22p/ml from October 2026, accompanied by a further one-off increase in tobacco duty to maintain financial incentive to choose vaping over smoking. 
    • To help tackle obesity and other harms caused by high sugar intake, the Soft Drinks Industry Levy will increase to account for inflation since it was last updated in 2018, and the duty will rise in line with inflation every year going forward.
    • The UK Government will also uprate alcohol duty in line with RPI on 1 February 2025, except for most drinks in pubs.

    The UK Government has set out the next steps to deliver its tax manifesto commitments in the July Statement. Having consulted on the final policy details where appropriate, this Budget delivers the UK Government’s manifesto commitments to raise revenue to pay for First Steps, with reforms that are underpinned by fairness, and tackle tax avoidance by:  

    • A new residence-based regime will replace the current non-dom regime from April 2025 and will be designed to attract investment and talent to the UK.
    • Offshore trusts will no longer be able to be used to shelter assets from Inheritance Tax, and there will be transitional arrangement in place for people who have made plans based on current rules.
    • The planned 50% reduction for foreign income in the first year of the new regime will be removed.
    • Reforms to the non-dom regime will raise a total of £12.7 billion according to the OBR.
    • The tax treatment of carried interest will be reformed by first increasing the Capital Gains Tax rates on carried interest to 32% and then, from April 2026, moving to a revised regime – with bespoke rules to reflect the characteristics of the reward.

    The Chancellor also doubled down on fiscal responsibility through two new fiscal rules that put the public finances on a sustainable path and prioritise investment to support long-term growth, and new principles of stability. Spending Reviews will be held every two years, setting plans for at least three years to ensure public services are always planned and improve value for money.

    One major fiscal event per year will give families and businesses stability and certainty on tax and spending changes, while giving the Scottish Government greater clarity for in its own budget-setting.  A Fiscal Lock will also ensure no future government can sideline the OBR again.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Scene set for Leicester Diwali Day celebrations

    Source: City of Leicester

    THE Diwali lights and decorations are up on Leicester’s Belgrave Road, the Wheel of Light is turning, and the scene is set for the city’s annual Diwali Day event, which takes place tomorrow (31 October).

    The city council’s festivals and events team is busy putting the finishing touches to the organisation of the event – one of the biggest on Leicester’s festival calendar.

    They are working closely with the police and emergency services, and the council’s highways, public safety and licensing teams, to ensure the tens of thousands of visitors expected have a great Diwali experience.

    Visitors from all over the city and beyond are expected to head to Leicester to join in the celebrations.

    The city council’s head of festivals & events, Graham Callister said: “The council works with a number of organisations to put on the biggest Diwali Day celebrations in the UK, and we are very grateful for their support.

    “We are also grateful for the work of the Leicester Hindu Festival Council, which arranges the stage entertainment each year.

    “Now Diwali Day is almost here, and we look forward to welcoming residents and visitors to the Golden Mile on Thursday.”

    The festivities will begin at 3pm with the opening of the Diwali Village on Cossington Street Recreation Ground. A children’s funfair and arts and crafts will be among the activities on offer, as well as Indian food and drinks.

    Sponsored by Lidl GB, the Diwali Village will also feature a Fire Garden, offering a peaceful spot amid the hustle and bustle on the park.

    Leicester’s annual Rangoli exhibition will open at 4pm on Diwali Day. Brought to the Belgrave Neighbourhood Centre by the city council and Tilda, it will feature modern, and traditional Rangoli patterns, celebrating the ancient form of folk-art using bright powders, often seen on doorsteps at Diwali.

    Entertainment including Indian dancing will begin at 5pm on the park’s main stage, with performances organised by the Hindu Festival Council. At the same time, the Red Bull DJ truck will be providing music and energising the Belgrave Road. A family-friendly programme of street art and processions will also take place on the road throughout the evening.

    This year a giant LED screen showing a live stream of the stage show on the park, will be located at the end of Belgrave Road near to the big wheel.

    The finale to the celebrations will be a stunning firework display, starting at around 7.30pm.

    This year’s festivities are being sponsored by Malabar Gold & Diamonds, which recently opened its second UK showroom on Leicester’s Golden Mile.

    A guide to all of the activities on offer, and information about ways to travel to the event is available from the Visit Leicester website.

    Diwali is an ancient festival celebrated by Hindus, Sikhs and Jains all over the world. Often described as the festival of lights, it celebrates light over darkness and good over evil. It’s a time for exchanging presents and wishing goodwill to all.

    MIL OSI United Kingdom

  • MIL-OSI Economics: Apple introduces M4 Pro and M4 Max

    Source: Apple

    Headline: Apple introduces M4 Pro and M4 Max

    October 30, 2024

    PRESS RELEASE

    Apple introduces M4 Pro and M4 Max

    M4 Pro and M4 Max join M4 to form the most advanced family of chips ever built for a personal computer

    CUPERTINO, CALIFORNIA Apple today announced M4 Pro and M4 Max, two new chips that — along with M4 — bring far more power-efficient performance and advanced capabilities to the Mac. All three chips are built using industry-leading, second-generation 3-nanometer technology, which improves performance and power efficiency. The CPUs across the M4 family feature the world’s fastest CPU core, delivering the industry’s best single-threaded performance, and dramatically faster multithreaded performance.1 The GPUs build on the breakthrough graphics architecture introduced in the previous generation, with faster cores and a 2x faster ray-tracing engine. M4 Pro and M4 Max enable Thunderbolt 5 for the Mac for the first time, and unified memory bandwidth is greatly increased — up to 75 percent. Combined with a Neural Engine that’s up to 2x faster than the previous generation and enhanced machine learning (ML) accelerators in the CPUs, the M4 family of chips brings incredible performance for pro and AI workloads. And they deliver blazing performance for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves, while protecting their privacy.

    “Apple silicon has taken the Mac to unprecedented heights, and the rapid pace of innovation continues with M4 Pro and M4 Max,” said Johny Srouji, Apple’s senior vice president of Hardware Technologies. “With the world’s fastest CPU core, immensely more powerful GPUs, and the fastest Neural Engine ever, the power-efficient performance and capabilities of the M4 family extend its lead as the most advanced lineup of chips in the industry.”

    M4: Phenomenal Performance and New Capabilities

    For entrepreneurs, students, creators, and more, the phenomenal performance of M4 comes to Mac for the first time. M4 features an up to 10-core CPU, with four performance cores and up to six efficiency cores. It’s up to 1.8x faster than M1, so multitasking across apps like Safari and Excel is lightning fast. A 10-core GPU provides incredible graphics performance, up to 2x faster than M1, making everything from editing photos to AAA gameplay exceptionally fast and smooth. And the faster 16-core Neural Engine is great for Apple Intelligence features like Writing Tools and other AI workloads.

    M4 supports up to 32GB of unified memory and has higher memory bandwidth of 120GB/s. The display engine of the M4 family is enhanced to support two external displays in addition to a built-in display. And M4 now supports up to four Thunderbolt 4 ports, providing fast data transfer speeds and even more flexibility across peripherals.

    M4 Pro: Far More Powerful and Capable than Any AI PC Chip

    M4 Pro takes the advanced technologies debuted in M4 and scales them up for researchers, developers, engineers, creative pros, and other users with more demanding workflows. M4 Pro features an up to 14-core CPU consisting of up to 10 performance cores and four efficiency cores. It’s up to 1.9x faster than the CPU of M1 Pro, and up to 2.1x faster than the latest AI PC chip.2 The GPU features up to 20 cores for graphics performance that is 2x that of M4, and up to 2.4x faster than the latest AI PC chip.2 This huge boost in performance makes building and testing apps across multiple simulators in Xcode quicker than ever. And with the improved hardware-accelerated ray-tracing engine in the M4 family GPU, games like Control look more compelling, and pro 3D renderers can produce stunning imagery in even less time.

    M4 Pro supports up to 64GB of fast unified memory and 273GB/s of memory bandwidth, which is a massive 75 percent increase over M3 Pro and 2x the bandwidth of any AI PC chip.3 This, combined with the faster Neural Engine of the M4 family, means on-device Apple Intelligence models run at blazing speed. M4 Pro also supports Thunderbolt 5 on Mac, delivering up to 120Gb/s data transfer speeds, which more than doubles the throughput of Thunderbolt 4. For professionals working on larger file sizes across AI, video, code bases, and more, M4 Pro offers stunning performance and Apple silicon’s legendary power efficiency.

    M4 Max: The Most Powerful Chip for a Pro Laptop

    M4 Max is the ultimate choice for data scientists, 3D artists, and composers who push pro workflows to the limit. It has an up to 16-core CPU, with up to 12 performance cores and four efficiency cores. It’s up to 2.2x faster than the CPU in M1 Max and up to 2.5x faster than the latest AI PC chip.2 The GPU has up to 40 cores for performance that is up to 1.9x faster than M1 Max and up to an astounding 4x faster than the latest AI PC chip.2 So heavy workloads like de-noising raw video footage in DaVinci Resolve Studio can now run in real time.

    M4 Max supports up to 128GB of fast unified memory and up to 546GB/s of memory bandwidth, which is 4x the bandwidth of the latest AI PC chip.3 This allows developers to easily interact with large language models that have nearly 200 billion parameters. The enhanced Media Engine of M4 Max includes two video encode engines and two ProRes accelerators, making it the ultimate choice for video professionals. And like M4 Pro, M4 Max also supports Thunderbolt 5 with up to 120Gb/s data transfer capability. M4 Max rips through the most challenging pro workloads and, thanks to the energy efficiency of Apple silicon, delivers exceptional battery life in a laptop.

    Apple Silicon Powers Apple Intelligence

    M4, M4 Pro, and M4 Max are built for Apple Intelligence.4 Ushering in a new era for the Mac, Apple Intelligence brings personal intelligence to the personal computer. Combining powerful generative models with industry-first privacy protections, Apple Intelligence harnesses the power of Apple silicon and the Neural Engine to unlock new ways for users to work, communicate, and express themselves on Mac. It is available in U.S. English with macOS Sequoia 15.1. With systemwide Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write. With the newly redesigned Siri, users can move fluidly between spoken and typed requests to accelerate tasks throughout their day, and Siri can answer thousands of questions about Mac and other Apple products. New Apple Intelligence features will be available in December, with additional capabilities rolling out in the coming months. Image Playground gives users a new way to create fun original images, and Genmoji allows them to create custom emoji in seconds. Siri will become even more capable, with the ability to take actions across the system and draw on a user’s personal context to deliver intelligence that is tailored to them. In December, ChatGPT will be integrated into Siri and Writing Tools, allowing users to access its expertise without needing to jump between tools.

    Apple Intelligence does all this while protecting users’ privacy at every step. At its core is on-device processing, and for more complex tasks, Private Cloud Compute gives users access to Apple’s even larger, server-based models and offers groundbreaking protections for personal information. In addition, users can access ChatGPT for free without creating an account, and privacy protections are built in — their IP addresses are obscured and OpenAI won’t store requests. For those who choose to connect their account, OpenAI’s data-use policies apply.

    Better for the Environment

    The power-efficient performance of M4, M4 Pro, and M4 Max helps the all-new MacBook Pro lineup meet Apple’s high standards for energy efficiency and deliver up to 24 hours of battery life.5 This results in less time needing to be plugged in and less energy consumed over its lifetime. And for desktop systems like iMac and Mac mini, the energy efficiency of Apple silicon also reduces the total amount of energy used. Today, Apple is carbon neutral for global corporate operations and, as part of its ambitious Apple 2030 goal, plans to be carbon neutral across its entire carbon footprint by the end of this decade.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing was conducted by Apple in October 2024 using shipping competitive systems and select industry-standard benchmarks.
    2. Testing was conducted by Apple in October 2024 using select industry-standard benchmarks. AI PC chip performance data from testing MSI Prestige 13 AI+ Evo (A2VMG-014US) with Core Ultra 7 258V.
    3. Based on published technical specifications of shipping competitive chips as of October 2024.
    4. Apple Intelligence is available now as a free software update for Mac with M1 and later, and can be accessed in most regions around the world when the device and Siri language are set to U.S. English. The first set of features is in beta and available with macOS Sequoia 15.1, with more features rolling out in the months to come. Apple Intelligence is quickly adding support for more languages. In December, Apple Intelligence will add support for localized English in Australia, Canada, Ireland, New Zealand, South Africa, and the U.K., and in April, a software update will deliver expanded language support, with more coming throughout the year. Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and other languages will be supported.
    5. Testing was conducted by Apple from August through October 2024. Battery life varies by use and configuration. See apple.com/macbook-pro for more information.

    Press Contacts

    Todd Wilder

    Apple

    wilder@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI Economics: New MacBook Pro features M4 family of chips and Apple Intelligence

    Source: Apple

    Headline: New MacBook Pro features M4 family of chips and Apple Intelligence

    October 30, 2024

    PRESS RELEASE

    Apple’s new MacBook Pro features the incredibly powerful M4 family of chips and ushers in a new era with Apple Intelligence

    With an advanced 12MP Center Stage camera, Thunderbolt 5 on M4 Pro and M4 Max models, and an all-new nano-texture display option, MacBook Pro gets even more capable and even more pro

    CUPERTINO, CALIFORNIA Apple today unveiled the new MacBook Pro, powered by the M4 family of chips — M4, M4 Pro, and M4 Max — delivering much faster performance and enhanced capabilities. The new MacBook Pro is built for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves, while protecting their privacy. Now available in space black and silver finishes, the 14-inch MacBook Pro includes the blazing-fast performance of M4 and three Thunderbolt 4 ports, starting with 16GB of memory, all at just $1,599. The 14- and 16-inch models with M4 Pro and M4 Max offer Thunderbolt 5 for faster transfer speeds and advanced connectivity. All models include a Liquid Retina XDR display that gets even better with an all-new nano-texture display option and up to 1000 nits of brightness for SDR content, an advanced 12MP Center Stage camera, along with up to 24 hours of battery life, the longest ever in a Mac.1 The new MacBook Pro is available to pre-order today, with availability beginning November 8.

    “MacBook Pro is an incredibly powerful tool that millions of people use to do their life’s best work, and today we’re making it even better,” said John Ternus, Apple’s senior vice president of Hardware Engineering. “With the powerful M4 family of chips, and packed with pro features like Thunderbolt 5, an advanced 12MP Center Stage camera, an all-new nano-texture display option, and Apple Intelligence, the new MacBook Pro continues to be, by far, the world’s best pro laptop.”

    Supercharged by the M4 Family of Chips

    Built using second-generation 3-nanometer technology, the M4 family is the most advanced lineup of chips for a personal computer. The M4 family features phenomenal single-threaded CPU performance with the world’s fastest CPU core,2 along with outstanding multithreaded CPU performance for the most demanding workloads. Combined with machine learning accelerators in the CPU, an advanced GPU, and a faster and more efficient Neural Engine, Apple silicon is built from the ground up to deliver incredible performance for AI. Together with faster unified memory, each chip also includes increased memory bandwidth, so large language models (LLMs) and other large projects run smoothly and on device. Additionally, the industry-leading performance per watt of the M4 family means that users get up to 24 hours of battery life, raising the bar of what users can do on a single charge.

    New 14-inch MacBook Pro with M4

    The 14-inch MacBook Pro with M4 is the ideal choice for entrepreneurs, students, creators, or anyone doing what they love. Featuring a more powerful 10-core CPU, with four performance cores and six efficiency cores, and a faster 10-core GPU with Apple’s most advanced graphics architecture, the new MacBook Pro starts with 16GB of faster unified memory with support for up to 32GB, along with 120GB/s of memory bandwidth. With M4, MacBook Pro is up to 1.8x faster than the 13-inch MacBook Pro with M1 for tasks like editing gigapixel photos, and even more demanding workloads like rendering complex scenes in Blender are up to 3.4x faster.1 With a Neural Engine that’s over 3x more powerful than in M1, it’s great for features in Apple Intelligence and other AI workloads. The M4 model also supports two high-resolution external displays in addition to the built-in display, and now features three Thunderbolt 4 ports so users can connect all their peripherals.

    MacBook Pro with M4 delivers:1

    • Up to 7x faster image processing in Affinity Photo when compared to the 13‑inch MacBook Pro with Core i7, and up to 1.8x faster when compared to the 13-inch MacBook Pro with M1.
    • Up to 10.9x faster 3D rendering in Blender when compared to the 13‑inch MacBook Pro with Core i7, and up to 3.4x faster when compared to the 13‑inch MacBook Pro with M1.
    • Up to 9.8x faster scene edit detection in Adobe Premiere Pro when compared to the 13‑inch MacBook Pro with Core i7, and up to 1.7x faster when compared to the 13‑inch MacBook Pro with M1.

    MacBook Pro with M4 Pro: A Pro Powerhouse

    For researchers, developers, engineers, creative pros, or anyone that needs even faster performance for more demanding workflows, MacBook Pro with M4 Pro offers a tremendous performance boost. M4 Pro features a powerful 14-core CPU with 10 performance cores and four efficiency cores for a jump in multicore performance, along with up to a 20-core GPU that is twice as powerful as M4. With M4 Pro, the new MacBook Pro gets a massive 75 percent increase in memory bandwidth over the prior generation — double that of any AI PC chip.3 The new MacBook Pro with M4 Pro is up to 3x faster than models with M1 Pro, speeding up workflows like geo mapping, structural engineering, and data modeling.1

    MacBook Pro with M4 Pro offers:1

    • Up to 4x faster scene rendering performance with Maxon Redshift when compared to the 16-inch MacBook Pro with Core i9, and up to 3x faster when compared to the 16-inch MacBook Pro with M1 Pro.
    • Up to 5x faster simulation of dynamical systems in MathWorks MATLAB when compared to the 16-inch MacBook Pro with Core i9, and up to 2.2x faster when compared to the 16-inch MacBook Pro with M1 Pro.
    • Up to 23.8x faster basecalling for DNA sequencing in Oxford Nanopore MinKNOW when compared to the 16-inch MacBook Pro with Core i9, and up to 1.8x faster when compared to the 16-inch MacBook Pro with M1 Pro.

    MacBook Pro with M4 Max: The Ultimate in Pro Performance

    Designed for pros like data scientists, 3D artists, and composers who constantly push workflows to the limit, MacBook Pro with M4 Max empowers users to work on projects that were previously only imaginable on a desktop. M4 Max brings up to a 16-core CPU, up to a 40-core GPU, over half a terabyte per second of unified memory bandwidth, and a Neural Engine that is over 3x faster than M1 Max, allowing on-device AI models to run faster than ever. With M4 Max, MacBook Pro delivers up to 3.5x the performance of M1 Max, ripping through heavy creative workloads like visual effects, 3D animation, and film scoring.1 It also supports up to 128GB of unified memory, so developers can easily interact with LLMs that have nearly 200 billion parameters. And with the powerful Media Engine in M4 Max, which features two ProRes accelerators, MacBook Pro performance is amazing even when taking 4K120 fps ProRes video captured with the new iPhone 16 Pro and editing it in Final Cut Pro.

    MacBook Pro with M4 Max enables:1

    • Up to 7.8x faster scene rendering performance with Maxon Redshift when compared to the 16-inch MacBook Pro with Intel Core i9, and up to 3.5x faster when compared to the 16-inch MacBook Pro with M1 Max.
    • Up to 4.6x faster build performance when compiling code in Xcode when compared to the 16‑inch MacBook Pro with Intel Core i9, and up to 2.2x faster when compared to the 16‑inch MacBook Pro with M1 Max.
    • Up to 30.8x faster video processing performance in Topaz Video AI when compared to the 16‑inch MacBook Pro with Intel Core i9, and up to 1.6x faster when compared to the 16-inch MacBook Pro with M1 Max.

    Industry-Leading Liquid XDR Display Gets Even Better

    The new MacBook Pro introduces an all-new nano-texture display option that dramatically reduces glare and distractions from reflections. In bright lighting conditions, the new MacBook Pro can now show SDR content at up to 1000 nits and still displays HDR content at up to 1600 nits of peak brightness. All together, it’s a game-changing experience for users working outdoors.

    New 12MP Center Stage Camera

    MacBook Pro includes a new 12MP Center Stage camera that delivers enhanced video quality in challenging lighting conditions. Video calls are even more engaging with Center Stage, which automatically keeps users centered in the frame as they move around. The new camera also supports Desk View, which adds a whole new dimension to video calls. And with studio-quality mics and a phenomenal six-speaker sound system with support for Spatial Audio, MacBook Pro delivers an incredibly immersive audio experience whether users are listening to music or watching a movie in Dolby Atmos.

    Thunderbolt 5 Comes to the Mac

    MacBook Pro with M4 Pro and M4 Max features Thunderbolt 5 ports that more than double transfer speeds up to 120 Gb/s, enabling faster external storage, expansion chassis, and powerful docking and hub solutions. For example, by connecting just a single cable, pros like music producers can now light up their entire studio. All MacBook Pro models feature an HDMI port that supports up to 8K resolution, a SDXC card slot, a MagSafe 3 port for charging, and a headphone jack, along with support for Wi-Fi 6E and Bluetooth 5.3.

    A New Era with Apple Intelligence on the Mac

    Apple Intelligence ushers in a new era for the Mac, bringing personal intelligence to the personal computer. Combining powerful generative models with industry-first privacy protections, Apple Intelligence harnesses the power of Apple silicon and the Neural Engine to unlock new ways for users to work, communicate, and express themselves on Mac. It is available in U.S. English with macOS Sequoia 15.1. With systemwide Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write. With the newly redesigned Siri, users can move fluidly between spoken and typed requests to accelerate tasks throughout their day, and Siri can answer thousands of questions about Mac and other Apple products. New Apple Intelligence features will be available in December, with additional capabilities rolling out in the coming months. Image Playground gives users a new way to create fun original images, and Genmoji allows them to create custom emoji in seconds. Siri will become even more capable, with the ability to take actions across the system and draw on a user’s personal context to deliver intelligence that is tailored to them. In December, ChatGPT will be integrated into Siri and Writing Tools, allowing users to access its expertise without needing to jump between tools.

    Apple Intelligence does all this while protecting users’ privacy at every step. At its core is on-device processing, and for more complex tasks, Private Cloud Compute gives users access to Apple’s even larger, server-based models and offers groundbreaking protections for personal information. In addition, users can access ChatGPT for free without creating an account, and privacy protections are built in — their IP addresses are obscured and OpenAI won’t store requests. For those who choose to connect their account, OpenAI’s data-use policies apply.

    An Unrivaled Experience with macOS Sequoia

    macOS Sequoia completes the new MacBook Pro experience with a host of exciting features, including iPhone Mirroring, allowing users to wirelessly interact with their iPhone, its apps, and notifications directly from their Mac.4 Safari, the world’s fastest browser,5 now offers Highlights, which quickly pulls up relevant information from a site; a smarter, redesigned Reader with a table of contents and high-level summary; and a new Video Viewer to watch videos without distractions. With Distraction Control, users can hide items on a webpage that they may find disruptive to their browsing. Gaming gets even more immersive with features like Personalized Spatial Audio and improvements to Game Mode, along with a breadth of exciting titles, including the upcoming Assassin’s Creed Shadows. Easier window tiling means users can stay organized with a windows layout that works best for them. The all-new Passwords app gives convenient access to passwords, passkeys, and other credentials, all stored in one place. And users can apply new beautiful built-in backgrounds for video calls, which include a variety of color gradients and system wallpapers, or upload their own photos.

    The Perfect Time to Upgrade or Switch to a Mac

    Upgraders will get monumental improvements over Intel-based MacBook Pro models, including the amazing features of Apple Intelligence. When compared to an Intel-based MacBook Pro, the new MacBook Pro provides nearly 10x faster performance for AI-based workloads,1 and for graphics-intensive workloads, users get up to 20x faster performance.6 With battery life on the new MacBook Pro now up to 24 hours, upgraders will also experience up to 14 additional hours. And with the Liquid Retina XDR display, a new 12MP Center Stage camera, an immersive six-speaker sound system, the unrivaled experience of macOS Sequoia, and more, there’s never been a better time to upgrade or switch to MacBook Pro.

    MacBook Air: The World’s Most Popular Laptop Now Starts at 16GB

    MacBook Air is the world’s most popular laptop, and with Apple Intelligence, it’s even better. Now, models with M2 and M3 double the starting memory to 16GB, while keeping the starting price at just $999 — a terrific value for the world’s best-selling laptop.

    Better for the Environment

    The new MacBook Pro is built to last and incredibly durable, created from a custom alloy that uses 100 percent recycled aluminum in the enclosure. It also uses 100 percent recycled rare earth elements in all magnets, and 100 percent recycled tin soldering, gold plating, and copper in multiple printed circuit boards. The packaging for the 14-inch MacBook Pro is now entirely fiber-based, joining the 16-inch MacBook Pro and bringing Apple closer to its goal to remove plastic from its packaging by 2025.

    Today, Apple is carbon neutral for global corporate operations and, as part of its ambitious Apple 2030 goal, plans to be carbon neutral across its entire carbon footprint by the end of this decade.

    Pricing and Availability

    • Customers can pre-order the new MacBook Pro starting today, October 30, on apple.com/store and in the Apple Store app in 28 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, beginning Friday, November 8.
    • The 14-inch MacBook Pro with M4 starts at $1,599 (U.S.) and $1,499 (U.S.) for education; the 14‑inch MacBook Pro with M4 Pro starts at $1,999 (U.S.) and $1,849 (U.S.) for education; and the 16‑inch MacBook Pro starts at $2,499 (U.S.) and $2,299 (U.S.) for education. All models are available in space black and silver.
    • Additional technical specifications, including the nano-texture display and configure-to-order options, are available at apple.com/mac.
    • MacBook Air with M2 and M3 comes standard with 16GB of unified memory, and is available in midnight, starlight, silver, and space gray, starting at $999 (U.S.) and $899 (U.S.) for education.
    • New accessories with USB-C — including Magic Keyboard ($99 U.S.), Magic Keyboard with Touch ID ($149 U.S.), Magic Keyboard with Touch ID and Numeric Keypad ($179 U.S.), Magic Trackpad ($129 U.S.), Magic Mouse ($79 U.S.), and Thunderbolt 5 Pro Cable ($69) — are available at apple.com/store.
    • Apple Intelligence is available now as a free software update for Mac with M1 and later, and can be accessed in most regions around the world when the device and Siri language are set to U.S. English. The first set of features is in beta and available with macOS Sequoia 15.1, with more features rolling out in the months to come.
    • Apple Intelligence is quickly adding support for more languages. In December, Apple Intelligence will add support for localized English in Australia, Canada, Ireland, New Zealand, South Africa, and the U.K., and in April, a software update will deliver expanded language support, with more coming throughout the year. Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and other languages will be supported.
    • With Apple Trade In, customers can trade in their current computer and get credit toward a new Mac. Customers can visit apple.com/shop/trade-in to see what their device is worth.
    • AppleCare+ for Mac provides unparalleled service and support. This includes unlimited incidents of accidental damage, battery service coverage, and 24/7 support from the people who know Mac best.
    • Every customer who buys directly from Apple Retail gets access to Personal Setup. In these guided online sessions, a Specialist can walk them through setup, or focus on features that help them make the most of their new device. Customers can also learn more about getting started with their new device with a Today at Apple session at their nearest Apple Store.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing was conducted by Apple from August through October 2024. Battery life varies by use and configuration. See apple.com/macbook-pro for more information.
    2. Testing was conducted by Apple in October 2024 using shipping competitive systems and select industry-standard benchmarks.
    3. Based on published technical specifications of shipping competitive chips as of October 2024.
    4. Available on Mac computers with Apple silicon and Intel-based Mac computers with a T2 Security Chip. Requires that the user’s iPhone and Mac are signed in with the same Apple Account using two-factor authentication, their iPhone and Mac are near each other and have Bluetooth and Wi-Fi turned on, and their Mac is not using AirPlay or Sidecar. Some iPhone features (e.g., camera and microphone) are not compatible with iPhone Mirroring.
    5. Testing was conducted by Apple in August 2024. See apple.com/safari for more information.
    6. Results are compared to previous-generation 1.7GHz quad-core Intel Core i7-based 13-inch MacBook Pro systems with Intel Iris Plus Graphics 645, 16GB of RAM, and 2TB SSD.

    Press Contacts

    Michelle Del Rio

    Apple

    mr_delrio@apple.com

    Starlayne Meza

    Apple

    starlayne_meza@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI United Kingdom: The United Kingdom will work to ensure UNTMIS delivers for Somalia: UK explanation of vote at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Explanation of vote by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the UN Security Council meeting on Somalia.

    Today’s vote marks the beginning of a crucial period for Somalia, the UN, and Somalia’s international partners, as we move into a series of transitions – both of the UN’s political presence in Somalia and, beginning next year, the AU mission.
     
    UNSOM has played an important role since its inception in 2013, supporting peace-building and state-building in Somalia through implementing its good offices, policy guidance, coordination, technical assistance and capacity building functions.

    We are grateful for the significant efforts of UNSOM’s leadership and staff throughout the 11 years since its establishment.
     
    As UNTMIS now takes over, and begins its transition to a UN Country Team, the United Kingdom will continue to work closely with all relevant stakeholders to ensure this transition is progressive and phased, and that UNTMIS continues to deliver against the areas critical to Somalia’s needs during this first phase.
     
    We now look ahead to elections over the coming years at both the Federal Member State and national levels, as well as significant changes in the AU security presence. The UN will continue to play a vital role throughout these processes.
     
    Finally President, let me take this opportunity to thank Acting SRSG Swan for his leadership and commitment. I would also like to thank all colleagues on the Council for their constructive engagement on this resolution.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: expert reaction to Science and R&D elements of the Autumn Budget, as announced by the Chancellor

    Source: United Kingdom – Executive Government & Departments

    The Science Community comment on Science and R&D elements of the Autumn Budget, delivered by the Chancellor Rachel Reeves.

    Chi Onwurah, Chair of the Science, Innovation and Technology Committee, said:

    “Sustained investment in science, innovation and technology is needed to drive the UK’s economic growth and productivity. When the Government was elected in July, it committed to supporting innovation as part of its mission driven approach.  

    “It’s vital that UK R&D gets long-term funding to keep up the momentum and level of expertise needed to drive our future prosperity. I welcome the commitment to protect core research funding, as well as the specific investments planned for R&D in high-tech industries like aerospace, automotive, and clean energy. 

    “The Committee looks forward to scrutinising the Budget in detail. We’ll be examining how the Budget will impact science and technology, and hearing views from across the sector and industry.” 

     

    Dr Alicia Greated, Executive Director, Campaign for Science and Engineering (CaSE), said:

    “I am pleased to hear such positive support for UK R&D and innovation from the Chancellor, and recognition that, if supported, it will drive economic growth. We also know the public care about this, with 70% of people saying it is important for the Government to invest in R&D. Seeing this reflected by Government is unequivocally a good thing.

    “Beyond the positive intent, it is the detail we must now turn to. It is reassuring to hear pledges to protect core R&D funding and to increase DSIT’s R&D budget, but it will take time to unpack and understand what this means in practice. We look forward to receiving more detail about DSIT’s budget allocations to enable us to build a fuller picture of the changes announced.”

     

    Professor Dame Ottoline Leyser, Chief Executive, UK Research & Innovation, said:

    “We welcome the Government’s continued commitment to research and innovation in today’s Budget, recognising their crucial role in driving sustainable economic growth, creating jobs, and improving public services for people across the UK.

    “We appreciate the Chancellor’s prioritisation of research and innovation, given the difficult choices to be made on public expenditure. We will work closely with the Secretary of State, Science Minister, across government and with our research and innovation partners to maximise the impact of our investments and create a strong platform for an ambitious programme of research and innovation in the multi-year Spending Review next Spring.”

     

    Dr John Lazar CBE FREng, President of the Royal Academy of Engineering, says:

    “The Chancellor’s first budget was a difficult balancing act, and we are pleased to see a long-term commitment to research and innovation, which is proven to help business, productivity and growth. We know the pressures on public finances that put government spending on research and development in the spotlight, and also that R&D spending is the catalyst for economic success. We welcome the commitment to protect government investment in R&D, and the acknowledgement of the key role that the UK’s National Academies play in driving innovation in engineering, biotechnology and medical science. It is now up to the Science, Engineering and Technology sector to work with the government to deliver the innovation and growth needed to unlock investment and create jobs.”

    “With sustained investment in innovation and entrepreneurship, the UK is well placed to leverage its impressive engineering and technology strengths to sustain business confidence, catalyse investment and power growth, and ultimately improve our public services and productivity.”

    “The economy can only grow if the infrastructure that underpins it keeps pace with its needs – we welcome the £100bn additional investment over the next five years to fund public infrastructure, and the boost this will give to UK capabilities and regional development.”

     

    On the NHS funding announcements in the Budget, Director of Evidence and Implementation at Cancer Research UK, Naser Turabi, said:

    “The fact that the NHS has received additional funding in today’s budget for day to day spending and investment is good news. It’s no secret that our health service is struggling, and record numbers of cancer patients are having to wait longer than they should to begin their treatment. Funding, coupled with reform, will be vital to bringing waiting lists down. 

    “But the new government will only be able to turn things around with effective planning and sustained funding. The development of a long-term health plan is promising, but it’s vital that we see a dedicated cancer strategy alongside this. Other countries like Denmark have proven that they can help save lives, and transforming outcomes for cancer patients will go a long way towards fixing the NHS in England as a whole.”

    On the research funding announcements in the Budget, Director of Policy at Cancer Research UK, Dr Owen Jackson, said:

    “It is good news that the Chancellor has committed to protecting R&D funding in this Budget. A strong R&D system is essential to prosperity of the UK and health of the nation. 

    “The UK is unusual in that nearly two thirds of non-commercial cancer research is funded by charities like Cancer Research UK. We will continue to work in partnership with government and the private sector to build on the UK’s strengths in life sciences and cancer research, and to advocate for increased funding for these vital areas over the coming years. Continued partnership relies on sustained investment in research over the long term.”

     

    Sharon Todd, CEO of UK-based Innovation Network SCI, said: 

    “R&D relief being maintained won’t turn the UK into a science superpower – only a material increase will help a sector that is so vital to scaling up and economic growth.

    “Whilst it would be nice to think that industry would mushroom out of the ground and create value for the UK through the development of new medicines, fuels and technologies, that is not going to happen without greater support for research, development and commercialisation. Global competition means even start-up companies innovating products and ideas for our sustainable future are leaving for overseas. 

    “The opportunity is now. A strategy for industry is one thing, but with huge tax incentives in Europe and the US, the UK is set to miss out on the 240,000 extra jobs and $230 billion of added value the clean tech and life sciences revolutions could otherwise bring the UK in the next five years.”

     

    Declared interests

    The nature of this story means everyone quoted above could be perceived to have a stake in it. As such, our policy is not to ask for interests to be declared – instead, they are implicit in each person’s affiliation

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Mind the gap… in public toilets on the tube

    Source: Mayor of London

    [1] Transport for London quarterly performance report 

    Caroline has been pushing for toilet funding in every Mayoral budget since the 2020-2021 cycle. During the coronavirus pandemic in 2020, Caroline pointed out the serious public health consequences of the lack of public toilets across London.  

    The following summer, Caroline incorporated her work with the charity Muscular Dystrophy to again implore the Mayor to see how essential toilets are to accessibility on Lonon’s transport network.  

    In the 2022 budget cycle, Caroline’s Green Group budget amendment tried to once more fund public toilets, this time by proposing a £10 million investment for a brand-new London toilets fund to give local councils access to money to refurbish, reopen and revitalise these essential local amenities. 

    The following year, Caroline’s fully costed and feasible 2023 budget amendment for new TfL toilets was mysteriously blocked by the Assembly Labour group in a shocking blow to older and disabled Londoners, new parents, and so many more travellers in need of a loo on their journeys. Seeming to understand the gravity of his party’s mistake, the TfL toilet feasibility study was first proposed by London’s Mayor following his party’s puzzling opposition to that blocked Toilet amendment.  

    The Mayor’s team indicated the feasibility study would be shared by June 2023, but by August that deadline had been pushed back as well.   

    Later that month, Caroline published the ‘Loo League Table,’ analysing the many loo ‘deserts’ across the transport network and pushing TfL to explain its failure to make use of the existing upgrade programme on the tube to provide new toilet facilities. This report followed her 2021 “Toilet Paper” report as Chair of the London Assembly Health Committee, in which the committee found 91.3 per cent of respondents to their survey do not feel toilet provision is adequate to meet their needs.   

    In January 2024, Caroline welcomed the Mayor’s allocation of £3 million for public toilets on the TfL network in the Mayor’s budget, though urged the Mayor to commit to the full £20 million investment needed to ensure every tube stop has a safe, clean, and operable public toilet.   

    Building on that momentum, in February 2024 Caroline commissioned new polling from YouGov showing that 74 per cent of respondents believe that there should be more toilets on the TfL network. 

    Most recently, in March 2024 Caroline pressed the Mayor directly over the latest delay in his long-promised feasibility study, where the Mayor explained that while “good progress has been made” on the feasibility study, TfL now plans to “publish the full study in the summer.”   

    Though several weeks after summer’s end now, Caroline proudly joined the Mayor, Deputy Mayor for Transport Seb Dance, and TfL Customer Director Emma Strain at White Hart Lane station today to welcome in an era of what will, hopefully, culminate with toilets built across the TfL network.

    MIL OSI United Kingdom

  • MIL-OSI USA: Connolly, Turner Raise Concerns About October 26 Elections and Euro-Atlantic Future for Georgia

    Source: United States House of Representatives – Representative Gerry Connolly (D-Va)

    Congressman Gerry Connolly (D-VA), President of the NATO Parliamentary Assembly, a senior member of the House Foreign Affairs Committee, and Co-Chair of the Congressional Georgia Caucus, and Congressman Mike Turner (R-OH), head of the U.S. delegation to the NATO Parliamentary Assembly and Chairman of the House Intelligence Committee, released the following statement:

    “We are deeply concerned by the pre-election environment of Georgia’s October 26th elections which were marred by reports of vote buying, voter intimidation, abuse of administrative resources, and questionable appointments to election oversight boards.

    The October 26th elections presented Georgia an invaluable opportunity to prove to the international community, to NATO countries and the European Union that Georgia remains firmly committed to its Euro-Atlantic path. Unfortunately, through campaign rhetoric blaming the West for Russia’s aggression in Ukraine, foreign agents’ legislation passed to root out civil society, and lack of accountability for violent attacks against political opposition figures, Georgia’s government provided no such reassurance. These elections, which posed significant challenges to the democratic process, move Georgia significantly further away from joining NATO and the European Union.

    Widespread pressure on public sector employees to vote for the incumbent party and a refusal to investigate violent attacks on political opponents are authoritarian behaviors, and a drastic departure from the vibrant, multiparty emerging democracy that once defined Georgia.

    In the aftermath of the October 26th election, we must be clear: The United States and all NATO countries stand with the Georgian people and their Euro-Atlantic aspirations.”

    MIL OSI USA News

  • MIL-OSI Europe: ESAs publish 2024 Joint Report on principal adverse impacts disclosures under the Sustainable Finance Disclosure Regulation

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their third annual Report on disclosures of principal adverse impacts under the Sustainable Finance Disclosure Regulation (SFDR).

    The Report assesses both entity and product-level Principal Adverse Impact (PAI) disclosures under the SFDR. These disclosures aim at showing the negative impact of financial institutions’ investments on the environment and people and the actions taken by asset managers, insurers, investment firms, banks and pension funds to mitigate them.

    The findings show that financial institutions have improved the accessibility of their PAI disclosures. There has also been positive progress regarding the quality of the information disclosed by financial products, and, in general, in the quality of the PAI statements. A few National Competent Authorities (NCAs) also reported slight improvements in the compliance with the SFDR disclosures in their national markets.

    Looking forward, the Report includes recommendations to NCAs to ensure convergent supervision of financial market participants’ practices, and to the European Commission for their comprehensive assessment on the SFDR.

    The ESAs have also developed an overview of good practices related to the location, clarity, complexity of the disclosures based on a survey of NCAs.

    MIL OSI Europe News

  • MIL-OSI Europe: Statement by Nordic Ministers of Foreign Affairs on the situation in Georgia

    Source: Government of Sweden

    Statement by Nordic Ministers of Foreign Affairs on the situation in Georgia – Government.se

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    We, the Nordics, join the international calls for a thorough and impartial investigation of reported irregularities before and during Georgia’s 26 October parliamentary elections. It is essential to dispel doubts that have been cast on the integrity of the electoral process.

    The Nordic countries have firmly supported Georgia’s goal of Euro-Atlantic integration, based on a set of shared fundamental values.

    In recent years, we have followed Georgia’s political trajectory with growing concern.  Policies pursued and legislation introduced by the Government of Georgia have increasingly deviated from a path consistent with the goal of European and Euro-Atlantic integration. Upholding the rule of law and democratic elections is integral to any progress on Georgia’s EU path.

    As Ministers of Foreign Affairs of the Nordic countries, we sincerely hope to see Georgia return to a path that will lead it to its rightful place in the European and Euro-Atlantic family. We will continue to follow events in Georgia closely and will judge the Georgian government based on their actions.

    Lars Løkke Rasmussen, Minister for Foreign Affairs of Denmark 
    Elina Valtonen, Minister for Foreign Affairs of Finland
    Thórdís Kolbrún Reykfjörd Gylfadóttir, Minister for Foreign Affairs of Iceland
    Espen Barth Eide, Minister for Foreign Affairs of Norway
    Maria Malmer Stenergard, Minister for Foreign Affairs of Sweden

    MIL OSI Europe News