Category: Europe

  • MIL-OSI Russia: Artificial Intelligence Transforms Moscow’s Transport and Road Safety

    Source: Moscow Department of Transport

    The Moscow Department of Transport reported on the main projects related to Artificial Intelligence. From biometric payments to autonomous trams and advanced video analytics, AI-driven innovations are setting new standards in public transportation and traffic management.

    Artificial Intelligence Transforms Moscow’s Transport and Road Safety.
    • Biometric Payment Revolution

    For the past three years, biometric payment technology has been transforming the way people travel in Moscow. Available across all metro stations, Moscow Central Circle (MCC), Aeroexpress, regular river transport, and four Moscow Central Diameters (MCD) stations, this cutting-edge system allows passengers to pass through turnstiles with just a glance—no card or smartphone required.

    With bank-level security, this seamless service has already facilitated over 125 million biometric entries, making it one of the most convenient and secure transit payment systems globally.

    • Russia’s First Autonomous Tram

    Moscow is home to Russia’s first autonomous tram, a breakthrough in public transport innovation. This tram, equipped with a world-first set of technologies, operates without the need for external control systems. Its software, entirely developed by Metro’s in-house team, belongs to the Moscow Government and is unique across Europe.

    Since its introduction, the autonomous tram has covered over 1,800 kilometers without a single traffic violation, proving both its reliability and safety on the roads.

    • Sphere: The Video Analytics System Safeguarding Moscow

    The Sphere video analytics system has been instrumental in enhancing public safety across Moscow. Operational at all metro stations since September 1, 2020, Sphere helps law enforcement detain individuals on wanted lists and locate missing persons, including the elderly and children.

    Since its implementation, over 11,000 criminals have been apprehended, and more than 1,500 missing persons, including 300 children, have been located thanks to Sphere.

    • Real-Time Monitoring of Metro Carriage Load

    To further improve passenger comfort, Moscow’s metro now uses machine learning algorithms to monitor carriage load in real time. The system updates every 10 seconds, factoring in the type and capacity of carriages, major transfer points, and time-specific data. This unique service is available through the Moscow Metro app, offering unparalleled accuracy in carriage load assessments.

    • AI-Powered Moscow Transport Contact Center

    Since 2019, AI has been assisting passengers via Moscow’s transport contact center (dial 3210). A voice assistant automatically handles calls related to car evacuation, helping streamline operations. The contact center, operational for over 11 years, fields around 6,000 inquiries daily, providing crucial information on public transport, including fare rates, free parking availability, and more.

    • Advanced Video Analytics on MKAD and Major Highways

    Moscow has installed over 1,500 high-resolution cameras on the MKAD, MCD, and key roads, covering 100% of major routes without blind spots. These cameras detect 13 different types of incidents and send real-time video to the Traffic Management Center within seconds, allowing for rapid response. Thanks to this intelligent system, traffic accidents involving injuries on the MKAD have decreased by 20% over the last three years.

    • Leading the World in Photo and Video Traffic Monitoring

    With 3,800 cameras monitoring traffic across the city, Moscow’s photo and video recording system is one of the most advanced globally. The system, powered by AI, now detects drivers using phones or not wearing seatbelts, and as of 2023, it can accurately determine whether motorcyclists are wearing helmets and whether passengers are buckled up. AI also enables the detection of more complex violations, such as blocking intersections and failing to yield to pedestrians.

    • Smart Intersections Speed Up Traffic

    Moscow has introduced over 600 smart intersections equipped with AI-driven traffic lights. These lights adjust in real-time based on road conditions, using data from sensors embedded in the asphalt. As a result, both city and private transport pass through these intersections 25-30% faster, while pedestrians wait 20-25% less for the green signal.

    Moscow continues to lead the way in using AI to revolutionize transport and road safety, setting a global standard for innovation in urban mobility. With AI-enhanced systems in place, residents and visitors alike can expect safer, faster, and more convenient journeys across the city.

    MIL OSI Russia News

  • MIL-OSI: Corporate social responsibility: Boralex’s ambitious greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi)

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Oct. 17, 2024 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is proud to announce that it is one of the few companies in the renewable energy sector to have its greenhouse gas (GHG) emissions reduction targets validated by the Science Based Targets initiative (SBTi). This recognition confirms that Boralex’s commitment to reach net-zero GHG emissions by 2050 across its entire value chain is science-based and aligned with a trajectory to achieve the goals set by the Paris Agreement of limiting global temperature increases to less than 1.5oC.

    “The validation of our targets by the SBTi is perfectly in line with our strategic objective of becoming the reference in corporate social responsibility (CSR) for our partners. Today’s announcement consolidates our leadership role in our industry, reinforces our commitment to produce renewable energy in the best possible way, and resonates with our organizational purpose, which aims to benefit future generations,” said Patrick Decostre, President and CEO of Boralex.

    “I’m extremely proud of the monumental work carried out by many Boralex employees in recent years, which today enables us to be among the first companies in our industry to have our targets validated by the SBTi initiative. In addition to representing concrete, ambitious and realistic actions to fight climate change, this commitment shows that we are anticipating market needs, including compliance with upcoming CSR regulatory frameworks,” said Mihaela Stefanov, Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility.

    To reach net-zero by 2050, the most ambitious designation available through the SBTi process, Boralex has set near- and long-term targets covering 100% of emissions from its entire value chain (Scope 1, 2 and 3):

    • Near-term: By 2030, Boralex is committed to reducing its absolute Scope 1 and 2 emissions by 42% from a base year of 2022, and by 2028, to having 90% of its major component suppliers have science-based reduction targets.
    • Long-term: By 2050, Boralex is committed to reducing its absolute Scope 1 and 2 emissions by 90% and its Scope 3 emissions per kWh produced and sold by 97%, from a base year of 2022.

    To ensure that every kWh generated and produced is as low-carbon as possible, Boralex relies, among other factors, on the gradual electrification of its vehicle fleet, the consumption of electricity from renewable sources at its sites and buildings, and partnerships with strategic low-carbon suppliers.

    The validation of our targets by the SBTi, a reputable global organization supported by 130 specialists based in North America and Europe, is a central element in our overall CSR and risk management strategy. Indeed, it was essential for Boralex to go beyond a GHG emissions reduction objective by adopting an action plan to achieve this objective that is concrete, realistic and backed by a recognized authority. For more details on our CSR commitments and actions, visit the Boralex website.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3 GW. We are developing a portfolio of more than 6.8 GW in wind, solar projects and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

    For more information

    Source: Boralex inc.

    The MIL Network

  • MIL-OSI: Richtech Robotics Expands Agreement with Ghost Kitchens to Manage 20 Additional Walmart-Located Restaurants, Growing its Restaurant Operations Model

    Source: GlobeNewswire (MIL-OSI)

    Company’s subsidiary, AlphaMax Management LLC, will optimize operations through the use of robotics and AI cloud technology at restaurants across Arizona, Colorado, and Texas

    LAS VEGAS, Oct. 17, 2024 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, today announces that it is expanding its restaurant operations model with the signing of a binding Letter of Intent (LOI) with Ghost Kitchens America. Under the terms of the LOI, Richtech Robotics agreed to enter into a franchise agreement with Ghost Kitchens America, pursuant to which the Company will acquire exclusive rights to operate 20 Walmart-located restaurants in Arizona, Colorado, and Texas. These restaurants will be directly managed by Richtech Robotics’ subsidiary, AlphaMax Management LLC, with the aim of optimizing restaurant operations through robotics and AI cloud technology. Each location is expected to generate between $700 thousand and $2 million in annual revenue.

    Richtech Robotics is deploying its proprietary automation to enhance operational efficiency, augment and personalize customer experiences, and lower operational costs. The establishment and ongoing management of these restaurants is anticipated to provide a clear, repeatable operational blueprint that businesses can use to scale robotic deployment and optimize their business model.

    Matt Casella, President of Richtech Robotics, stated: “Richtech Robotics is committed to the commercialization of robotics, through both robotic sales and the operation of our own robot-powered restaurants. This agreement will significantly add to our restaurant portfolio, and these high-traffic locations will bring greater visibility to our brand and our solutions. Our restaurant operations will showcase the very same robotic and AI platforms offered through our RaaS (Robotics-as-a-Service) business model. We expect these platforms to become a fast-growing and stable revenue stream for us as we leverage them to manage thousands, and eventually tens of thousands, of restaurant operations in the future.”

    George Kottas, CEO of Ghost Kitchens America, commented: “All Walmart locations where we’ve signed agreements with Richtech Robotics have strong sales numbers and steady customer traffic. Based on our previous collaborations, Ghost Kitchens is confident that Richtech Robotics’ robotic technology and operational management services will maximize the performance of these restaurants. We look forward to further expanding our partnership with Richtech Robotics as we rapidly grow our restaurant footprint.”

    In addition to today’s announcement, the Company has already secured exclusive operational rights for the Ghost Kitchen at a Walmart location in Rockford, Illinois. Additionally, Richtech Robotics has signed a franchise agreement for another Walmart restaurant in Peachtree, Georgia, which is expected to begin operations later this year.

    Through AlphaMax Management LLC, Richtech Robotics is operating these restaurants and advancing the application of robotic technology in the food service industry, with the goal of helping businesses reduce costs and improve efficiency.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at http://www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    About Ghost Kitchens International (GKI)

    With restaurants across Canada and the US, GKI is expanding to open 240 new restaurants under the ONE KITCHEN banner in USA and Canada. Each restaurant features multiple national brands made to order, a single operator, innovative front and back-of-house technology, and walk-in and delivery customers. For more information go to http://www.ghostkitchenbrands.com.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the anticipated success and benefits of the partnership with Ghost Kitchens America, including the ability of each location to generated expected annual revenue.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the parties’ ability to negotiate and execute a definitive agreement in connection with the LOI; Richtech Robotics’ ability to implement the definitive agreement; the ability of each location to generated the expected amount of annual revenue; and Richtech Robotics’ ability to realize the benefits described herein. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 27, 2024, the Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network

  • MIL-OSI Russia: The Federation of Sports Programming of Russia has become a new partner of the State University of Management

    MILES AXLE Translation. Region: Russian Federation –

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

    On October 17, the State University of Management and the Russian Federation of Sports Programming signed a cooperation agreement.

    The document was signed by the Vice-Rector of the State University of Management Vitaly Lapshenkov and the Executive Director of the Federation of Sports Programming of Russia Andrey Arbuzov.

    The meeting took place at the largest industry event in Russian sports – the Russia – Sports Power forum, which serves as a platform for discussing ways to develop the sports industry in the country.

    The forum pays special attention to innovative sports that are becoming increasingly popular. One of them is sports programming, which combines technology, creativity and sports skills.

    The signed agreement opens new horizons for joint work and development of innovative sports at our university.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/17/2024

    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.

    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.

    The Federation of Sports Programming of Russia has become a new partner of the State University of Management

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Progress for investment in Grangemouth’s future

    Source: United Kingdom – Executive Government & Departments

    UK and Scottish Governments step up plans to support workers at Grangemouth refinery, with immediate investment in skills and training.

    • UK and Scottish Governments respond to Petroineos’ decision to close the refinery with investment in local community
    • Forth Valley College mobilised to support affected workers with bespoke skills support
    • Energy Secretary reiterates UK Government’s willingness to engage on how the National Wealth Fund could fund viable Project Willow outcomes, working with trade unions and industry

    The UK and Scottish Governments are jointly stepping up plans to support workers at the Grangemouth refinery affected by the risk of redundancy, with immediate investment in skills and training. 

    In addition to UK Government and Scottish Government’s joint £100m investment in the Falkirk and Grangemouth Growth Deal, Forth Valley College will receive funding to deliver bespoke support for workers affected by Petroineos’ decision to decommission the oil refinery.  

    Backed by this £100m funding, workers at Grangemouth refinery at risk of redundancy will be contacted in the coming weeks and offered tailored support to access new jobs in the local area that will shape the future of Grangemouth as an industrial hub for years to come.   

    Forth Valley College will shortly begin contacting workers to start building a skills and support package to meet their individual needs, mapping their current skills and qualifications to the future skills needed for local clean energy roles in the area and analysing where the gaps are. 

    The UK and Scottish Governments will use the findings to deliver targeted interventions to upskill the local workforce ahead of redundancies next year.  

    It comes as UK Energy Secretary Ed Miliband and Cabinet Secretary Gillian Martin attended a meeting of the Grangemouth Future Industry Board today (Thursday 17 October) at Forth Valley College alongside UK Energy Minister Michael Shanks, Scotland Secretary Ian Murray, local industry leaders, Falkirk Council, trade bodies and trade unions.  

    The £100 million Falkirk and Grangemouth Growth Deal will support projects and skills interventions in the local area. It is estimated that the Falkirk & Grangemouth Growth Deal will deliver over £628 million in economic benefits and create 1,660 jobs across the Falkirk Council area. 

    The Energy Secretary also reiterated the UK Government’s willingness to engage on how the National Wealth Fund could back projects that have the potential to yield a viable long-term future for the site, as part of the ongoing Project Willow investigation into a viable industrial Grangemouth.  

    Project Willow is urgently assessing credible options to begin building a new long-term industry at the refinery site, including low carbon hydrogen, clean eFuels and sustainable aviation fuels on the site. The Scottish Government will also soon publish the draft Grangemouth Industrial Just Transition Plan. 

    UK Government Energy Secretary Ed Miliband said:

    We continue to stand with Grangemouth workers and we are putting money on the table to secure workers good onward employment.

    By working in partnership with the Scottish Government, we’ve unlocked an unprecedented joint investment plan to support workers and secure Grangemouth’s future, and I will continue to spare no effort to drive this work forward.

    Scottish Government Cabinet Secretary for Net Zero and Energy Gillian Martin said:

    Our immediate priority remains to support the workers directly affected by the regrettable closure of the refinery. We will do everything we can to ensure they are supported to retrain and move into adjacent industries within the wider Grangemouth area.

    These workers are highly skilled and have an important contribution to make locally and nationally.  Our investment will help to unlock valuable new opportunities for them and ensure that their skills and experience continue to benefit industry in the area and the wider community.

    The new skills and training package is open to workers at both Grangemouth and Finnart Oil Terminal and will also be supported by the UK Government’s Office for Clean Energy Jobs.

    Kenny MacInnes, Principal of Forth Valley College, said:

    Forth Valley College are uniquely placed to help and upskill any Petroineos employees who are impacted as a result of the closure of the oil refinery, and we will be there to offer the necessary training and support with the help of funding from the Scottish and UK Governments.

    The College is proud to have had a long term partnership with the Grangemouth Refinery – helping to train their Modern Apprentices – and will continue to build on this in our role of making learning work for the people of Forth Valley to ensure they have the skills for the future.

    We are committed to working with PACE (Partnership Action for Continuing Employment) and Falkirk Council to help guide former Petroineos employees onto courses at Forth Valley College which will help them transfer to new jobs in another industry or sector.

    Notes to editors 

    See details of the joint investment plan.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Powerful new fostering film launched

    Source: City of Portsmouth

    Everything’ launched on 17 October. It is the seventh film produced by a growing partnership of councils and children’s trusts to promote local authority fostering. The ‘Everything’ project is the largest collaboration yet.

    Cllr Suzy Horton, Cabinet Member for Children, Families and Education at Portsmouth City Council, said:

    “The ‘Everything’ project has given Foster Portsmouth an amazing film that shows the long-term impact fostering can have, with relationships between carers and children lasting well into adulthood.”

    “All councils need to recruit more foster carers, and by collaborating to produce this emotionally powerful film, we will show people how rewarding and life-changing fostering is.”

    “The message is the same for all of us; we need more people to step forward and become foster carers. ‘Everything’ will help us to reach more people in our communities and encourage them to find out more about this really rewarding role.”

    “We are committed to giving vulnerable children and young people we care for the best chance to thrive.”

    ‘Everything’ follows foster carer Mike and his family on a journey through time with two of the children they have looked after, who are now adults. Will and Zara take time to reflect on how being fostered made a difference to their lives, and thank Mike for ‘everything’.

    Thanks to footage shot on a genuine old camcorder, we are taken to the 1990s to see how Will settles into the family alongside Mike’s son Chris and the 2010s when a young Zara is being taught to play the guitar by Mike.

    The concluding message of the film is that what you do with your life could forever change someone else’s – encouraging people to foster in order to make that change.

    Project Director, Rachel Brown describes the main message of the film:

    “Many people don’t realise how common it is for relationships made through fostering to last well beyond the ‘official’ caring role. This has a huge impact on the lives of those who have been fostered, giving them stability and security well into adulthood.

    “We also wanted to reflect how the children of foster carers make a difference to children when they come into care, helping them to feel part of the family.”

    “Having over 100 councils taking part in the project, the film will reach a very wide audience, encouraging people to find out more and take the steps towards becoming a foster carer.”

    “Fostering with your local council means you can better support local children and young people who need a safe and nurturing home where they can grow and thrive.”

    Sarah Thomas, chief executive of the Fostering Network says:

    “The Fostering Network has been proud to support the collaborative film projects since ‘Giants’ in 2017. It’s great to see local authority fostering services pooling resources to produce another amazing film. ‘Everything’ will help to amplify their message about the chronic shortage of fostering households, encouraging more people to come forward and foster.”

    “One of the main characters in the film, Chris, shows how important other family members are when it comes to fostering. This is something we champion throughout October, which is Children of Foster Carer’s Month.”

    View the film ‘Everything’ at: http://www.fosterportsmouth.gov.uk/everything.

    For more information on fostering with Foster Portsmouth, fill in our contact form, visit: http://www.foster.portsmouth.gov.uk, call the Fostering SouthEast recruitment team on 0300 131 2797 or email info@lafosteringse.org.uk.

    MIL OSI United Kingdom

  • MIL-OSI Europe: ASIA/INDONESIA – Resignation and succession of archbishop of Makassar

    Source: Agenzia Fides – MIL OSI

    Thursday, 17 October 2024

    Vatican City (Agenzia Fides) – The Holy Father has accepted the resignation from the pastoral care of the archdiocese of Makassar, Indonesia, presented by Archbishop Johannes Liku Ada’.He is succeeded by Bishop Fransiskus Nipa, until now coadjutor of the same archdiocese. (EG) (Agenzia Fides, 17/10/2024)
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  • MIL-OSI Europe: AFRICA/SUDAN – “The war in Sudan receives little attention, but the suffering it causes is no less”

    Source: Agenzia Fides – MIL OSI

    Khartoum (Agenzia Fides) – “I was saddened to hear about the recent developments in the military offensive in El Fasher and Khartoum, which targeted civilian homes, hospitals and places of worship. The conflict, which has already lasted over 17 months, has created a humanitarian catastrophe that can no longer be ignored,” said Paul Swarbrick, Bishop of Lancaster, Lead Bishop for Africa for the Bishops’ Conference. Bishop Swarbrick wonders why a conflict as bloody as that in Sudan is virtually ignored by the international media. “It is obvious that the tragedy in Sudan receives less attention from world media than other conflicts around the world even though the violence and suffering is colossal”, said the Bishop of Lancaster. “This is perhaps because it is considered less likely to escalate beyond the region and less likely to affect the global security situation. It is perhaps even considered a global ‘back-water’. However, the suffering of so many millions should be considered a global tragedy”.According to the UN World Food Programme (WFP), the war, which has been ongoing since April 2023, has displaced more than 10 million people from their homes. Some 25 million Sudanese are malnourished, 14 million of them suffer from acute hunger and 1.5 million of them are at risk of starvation or starvation. In the face of this tragedy, Bishop Swarbrick recalls that “the Church has more than a purely humanitarian concern”. “Of course, we should pray and work strenuously for peace. The Church exists on the ground at the heart of this unending tragedy. It makes present a loving Saviour who refuses to abandon those who suffer most and brings a hope for healing that world powers alone cannot give. Christ’s suffering is never in vain. He never loses sight of those whose needs are greatest.” The Bishop therefore calls on the faithful to pray and to raise awareness of the drama in Sudan: “I ask everyone to pray for Sudan, for the warring parties to lay down their weapons and prioritise peace so that humanitarian aid can reach those in desperate need. By uniting in prayer and raising awareness of the war in Sudan within our communities and to our political authorities, we can all do our bit to help, to restore hope to those currently enduring unimaginable hardships”. (L.M.) (Agenzia Fides, 17/10/2024)
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  • MIL-OSI Europe: ASIA/INDIA – Bishops on the death of businessman Ratan Tata: “A beacon of compassion” esteemed by the Catholics

    Source: Agenzia Fides – MIL OSI

    Bangalore (Agenzia Fides) – “Ratan Tata was an icon among entrepreneurs, a visionary leader and a philanthropist whose indelible contribution to society will be remembered for generations,” said the Indian Bishops’ Conference on the death of the well-known Indian businessman Ratan Tata, who died on October 9 at the age of 86. The former chairman of the “Tata Group”, which operates mainly in the automobile sector, was a “beacon of mercy and generosity”. “Through the Tata Trusts and his numerous philanthropic initiatives,” say the bishops, “he changed the lives of millions of people by supporting the cause of the marginalized and playing a fundamental role in the development of India. His unwavering commitment to social justice, education, healthcare and rural development was closely aligned with the core values of the Catholic Church, particularly its mandate to serve the poor and the vulnerable,” the statement said. The moral and spiritual legacy of Tata, who was born into a family of Parsi origin, is particularly recognized for his “ethical leadership, integrity and commitment to social causes” that “set a new standard for corporate social responsibility in India.” In addition to his remarkable contribution to the Indian economy, “he did not lose sight of the need to help the underprivileged,” the statement said. The Catholic Church in India recognizes him as an “extraordinary human being” and hopes that “his inspiring leadership and boundless generosity” will inspire many people and entrepreneurs in India, especially the youth, to “work for the betterment of society and serve others with selflessness and compassion.” Catholics will work together with all Indian citizens from all cultural and religious groups “for a fairer and more balanced society, realizing the values that Tata upheld and lived throughout his life,” the bishops assured. The Claretian missionary George Kannanthanam, who lives with lepers in Sumanahalli near Bangalore, commented: “Tata was a great role model by putting the Christian principles of truth, justice, equality, humility and mercy into practice.” “He spent most of his wealth on the welfare of the weaker sections of the population. He created great institutions for social welfare and development that changed India’s social landscape. He supported educational centers to encourage youth,” the priest recalls. “As an entrepreneur, he stood by the workers and gave them dignity and hope. He made life better for the disabled and the elderly,” the priest continues, describing Tata as “a different kind of businessman, compassionate, guided by the Gandhian motto: When you make a decision, think whether it will benefit the poorest person in the country.” For all this, he was loved by the 700,000 employees of his 19 companies in more than 100 countries, with a net worth of $400 billion. For example, in 2012, when the Tata Steel Company in Jamshedpur was downsized from 78,000 to 40,000 employees, the entrepreneur ensured that all laid-off workers continued to receive their wages until retirement age. “A decision that is unprecedented in history anywhere else in the world,” Father Kannanthanam notes, recalling that Tata’s total contribution to various charitable initiatives is roughly estimated at around $100 billion. If “God loves a cheerful giver, God loves Ratan Tata very much,” he concludes. (PA) (Agenzia Fides, 17/10/2024)
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  • MIL-OSI Russia: Financial news: 10/17/2024, 14-24 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for security RU000A102986 (SUEK-F1P6R) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/17/2024

    14:24

    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 17.10.2024, 14-24 (Moscow time), the values of the lower limit of the price corridor (up to 90.16) and the range of market risk assessment (up to 868.61 rubles, equivalent to a rate of 8.75%) of the security RU000A102986 (SUEK-F1P6R) 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/n74071

    MIL OSI Russia News

  • MIL-OSI Russia: Poland: Staff Concluding Statement of the 2024 Article IV Mission

    Source: IMF – News in Russian

    October 17, 2024

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC – October 17, 2024:

    An International Monetary Fund mission visited Warsaw during October 8-17 in the context of the 2024 Article IV consultation.

    Poland’s near-term outlook is positive and has improved relative to last year despite ongoing sluggish growth across Europe and Russia’s war in Ukraine. A consumption-led recovery is underway, and the outlook is further supported by recently unlocked NextGen EU Funds (NGEU). Inflation has declined helped by a tight monetary stance, and its descent to the target range by close to end-2025 is on track, provided prudent policies are maintained. Policy priorities for the near- and medium-term include balancing the mix of monetary and fiscal policy , preserving debt sustainability, while strengthening the economy to face longer-term challenges. Specifically:

    • Monetary policy is appropriately tight and interest rate cuts should commence only when there is clear evidence that wage growth is decelerating, and inflation is firmly on track towards the target.

    • The medium-term Fiscal Structural Plan is welcome and it targets sufficient cumulative fiscal consolidation by 2028, meeting the EU’s new fiscal rules. The full set of measures to achieve this is yet to be identified.

    • Bringing more of the authorities’ medium-term deficit reduction plans up front in 2025 would build more resilience against future shocks, reduce debt, and support more rapid interest rate reductions, which would foster private sector investment and growth while still bringing inflation to target.

    • Population ageing, diminishing cost-competitiveness, and climate transition present significant challenges to Poland’s export-driven growth model. Thus, medium-term growth is expected to decline, unless structural reforms are deepened and progress on the energy transition accelerates.

    Economic growth is accelerating in 2024 led by recovering domestic demand. Private consumption has picked up as strong nominal wage growth coupled with lower inflation led to a sharp rebound in real wages. Fixed investment also continued its gradual recovery though remaining as a share of GDP below pre-pandemic levels. Net exports, however, are imposing some drag as imports recovered on the back of higher consumption while exports are held back by weak demand from the Euro Area. As a result, growth is expected at 3 percent in 2024 up from around 0 in 2023.

    The near-term outlook is positive due to the ongoing cyclical recovery in consumption and investment, and the absorption of EU funds. Growth is expected to accelerate to 3.5 percent in 2025 and 3.4 percent in 2026. Real and nominal wage growth are expected to gradually decelerate, while profits are expected to continue declining as firms have limited capacity to pass-through increases in wage costs into prices given that the output gap remains negative. Stronger consumption, normalization of inventories, lagged impact of the appreciation of the real exchange rate, and release of EU funds are expected to support imports and with it a narrowing in the current account surplus.

    Over the medium term, growth is expected to moderate and converge to potential as the support from rebounding consumption and NGEU funds subside. Growth will decelerate to slightly below 3 percent by 2029 as EU-financed investments decline and the population ages. Productivity is expected to modestly recover from the impact of recent labor hoarding. However, productivity growth is not expected to return to pre-pandemic levels given that much of the productivity gap with advanced economies has already been closed.

    Amidst high uncertainty, risks remain elevated and tilted towards lower growth and higher inflation. A slower-than-expected recovery in the Euro Area, delayed absorption of EU funds, and heightened geopolitical tensions could dampen the recovery. At the same time, risks to inflation remain elevated from the tight labor market against the backdrop of accelerating domestic demand and potential supply-side shocks. There are also upside risks to growth including a stronger-than-expected catalytic role from EU funds on private investment and productivity, a larger-than-expected workforce from higher immigration, and potential nearshoring as a result of geoeconomic fragmentation. Risks are well mitigated by ample foreign exchange reserves, a flexible exchange rate, modest debt levels, and robust financial sector buffers.

    Monetary policy is appropriately tight.While the policy rate was kept on hold at 5.75 percent since November 2023, the monetary stance has tightened as inflation expectations declined. This is appropriate because inflation is well above the central bank inflation target. The momentum of core inflation is elevated in the context of strong wages growth amid still-tight labor market and substantial wage increases in the public sector.

    Monetary policy should remain tight at least through 2025 with rate cuts commencing only when data and forecasts confirm that inflation is on a clear downward path towards the target. Absent surprises, both core and headline inflation should peak in year-on-year terms before mid-2025, significantly above the target, before moderating around the upper end of the target range of 2.5±1 percent by end-2025. However, uncertainty on the inflation trajectory is substantial, including due to uncertainty regarding energy prices, developments in the labor market, and the pace of economic recovery. While, monetary policy should remain both data-dependent and forward-looking, the current context warrants placing significant weight on realized inflation declining towards the target over several months on the back of decelerating wages. On this basis, there may be scope for limited and gradual policy rate cuts to start around mid-2025.

    Near-term growth acceleration presents an opportunity to rebuild buffers and help complete the disinflation process by tightening fiscal policies. The general government (GG) deficit is projected to widen from 5.1 percent of GDP in 2023 to 5.7 percent of GDP in

    2024, due to expansionary policies resulting in a fiscal impulse of 0.4 percent of GDP. The 2025 budget targets a slightly lower GG deficit of 5.5 percent of GDP largely owing to higher growth. Staff recommends a tighter fiscal stance by around 0.5 percent of GDP. This can be still achievable within the 2025 budget by saving possible revenue overperformance and limiting non-priority spending. Such a shift would lower debt, thereby rebuilding fiscal space to mitigate against future shocks. It would also lift some of the burden from tight monetary policies to rein in inflation, potentially freeing space for additional policy rate cuts.

    Fiscal consolidation should be anchored in a clear medium-term plan to stabilize debt. The recently published Fiscal Structural Plan is an important and welcome step in this regard as it targets appropriate fiscal balances by 2028 – entailing an adjustment of about 2½ percent of GDP from 2024 in terms of the structural fiscal balance – that would allow exiting the EU’s Excessive Deficit Procedure while stabilizing debt at levels close to 60 percent of GDP notwithstanding large increases in spending on defense. Fully identifying the necessary fiscal measures now and bringing more of the planned fiscal consolidation upfront into 2025 would help strengthen its credibility.

    Potential measures that would support consolidation while also further reducing inequality include: i) raising Personal Income Tax revenues by increasing progressivity to bring them more in line with EU peers , ii) addressing the preferential and regressive treatment of the self-employed, iii) better targeting of social benefits to more effectively support the vulnerable, iv) raising property tax revenues closer to EU comparators, and v) taxing more non-essential items at the standard VAT rate. In this context, raising the PIT tax-exempt threshold, which is under consideration, would require even stronger consolidation measures to offset the fiscal cost. Finally, aligning the retirement age for men and women and then adjusting it over time in line with longevity would help limit the expected shortfall in pensions’ adequacy over the longer-term.

    The authorities have made commendable progress in strengthening the fiscal framework. They have expanded the coverage of the stabilizing expenditure rule and improved oversight over extrabudgetary funds. Establishing a fiscal council as planned would further strengthen accountability and governance.

    Financial sector policies should safeguard the nascent credit recovery, building on a robust banking system. Systemic risks to the financial sector have moderated, with the banking sector being well-capitalized and liquid. Past prudential policies have focused on buttressing stability through regulatory tightening. At the same time banks had to face large costs of legal risks and regulatory burdens such as mortgage credit holidays. Together with weak credit demand and serious legal and regulatory uncertainties, this has created further headwinds for new credit resulting in one of the steepest declines in private sector credit-to-GDP in the EU. Moving forward, policy makers should: (i) take into account the impact of possible further tightening of regulations on the nascent credit recovery, while enhancing regulatory stability; (ii) proactively reduce legal risks to financial sector stability, including by exploring legislative solutions; (iii) even the playing field for private sector credit by replacing the bank asset tax in a manner that eliminates the preferential treatment of public debt` and (iv) allow the mortgage credit holiday to expire.

    After two decades of impressive income convergence, Poland’s growth model needs to adjust to new economic conditions. Exports, especially to the EU, have played a significant role in Poland’s success. However, sizable real appreciation over the past two years weighs on cost-competitiveness. Meanwhile, the regional growth outlook remains subdued, and geopolitical conflicts and geoeconomic fragmentation present headwinds to penetrating new markets. In addition, shallow domestic capital markets and low savings weigh on investment, with population ageing posing a substantial drag on the future size of the workforce. To sustain growth, policies should focus on: i) deepening capital markets (including steps towards a capital market union within the EU), ii) lowering barriers to resource reallocation (for example by strengthening re-skilling programs for adults), iii) fostering innovation capacity (including by promoting private equity and venture capital), and iv) supporting higher labor participation especially for women (by ensuring adequate child and elderly care). The new program supporting young parents’ return to the labor market aims to address this gap. Building on the successful absorption of refugees from Ukraine into the Polish labor market, ongoing efforts to enhance the integration of immigrants can further help contain labor shortages.

    The government’s new decarbonization targets are appropriate; meeting these while safeguarding competitiveness and social cohesion will require strong measures.

    Significant progress has been made on climate mitigation, but more is needed given Poland’s costly dependence on coal, which also undercuts competitiveness. The recent draft energy strategy update outlines additional policy targets and measures for bringing emissions in line with EU climate goals. Its success will be supported by EU funds, and depends on removing barriers to private investment in renewable energy, including by adopting EU legislation on faster permitting for green projects, liberalizing regulations for onshore windfarms, and prioritizing NextGen EU funds for expanding electricity grids. Extending carbon pricing to transportation and heating would also be important for reducing emissions; an early and gradual introduction would help limit adjustment costs. The authorities must address social challenges from the climate transition by cushioning the social impact on coal mining regions and reducing energy poverty.

    The mission thanks the authorities and other counterparts for the fruitful discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/17/CS-poland-2024

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: GUU at the All-Russian Conference on Technological Entrepreneurship

    MILES AXLE Translation. Region: Russian Federation –

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

    The Director of the Business Incubator of the State University of Management took part in the All-Russian Conference “Technological Entrepreneurship, Science and Financial Development of Universities”, which was held from October 14 to 16 at the Moscow Institute of Physics and Technology.

    The conference discussed current issues related to the development of technological entrepreneurship, commercialization of scientific developments and startup projects, financial support for innovative and technological business processes in higher education. The speakers shared best practices and their personal experience with the participants, talked about current support measures and mechanisms for increasing the effectiveness of interaction between science, business and the state in the field of technological entrepreneurship.

    The event was opened by Oleg Churilov, Director of the Department for Development of Technological Entrepreneurship and Technology Transfer of the Ministry of Education and Science of Russia. He presented the results of the implementation of the federal project “University Technological Entrepreneurship Platform” and emphasized that technological entrepreneurship today is a driver of economic development, because it is thanks to entrepreneurship that technological startups and new jobs are created.

    MIPT Rector Dmitry Livanov told conference participants about the role of universities in technological development and shared his experience in creating innovative products, noting the importance of applied science, which facilitates the implementation of new technologies and solutions.

    The State University of Management was represented at the meeting by the Director of the State University of Management Business Incubator, Dmitry Rogov.

    A separate section of the conference was devoted to the implementation of the Startup as a Diploma program in universities. Olga Serebryannikova, Director of the Project Office for the Development of Youth Entrepreneurship in Higher Education Institutions of the Ministry of Education and Science of Russia, presented key indicators for the program’s implementation in the 2023/24 academic year to the event participants.

    The speakers also included representatives of the Skolkovo Foundation, Sberbank PJSC, Gazprom Neft PJSC, NTI Platform ANO and other organizations.

    It should be noted that the State University of Management has been successfully integrated into the projects of the Platform of University Technological Entrepreneurship of the Ministry of Education and Science of Russia. Our students took part in the All-Russian Forum of Technological Entrepreneurship, thematic day “Science and Universities”, the festival “Technocode” and other events of the Platform.

    In addition, the university is implementing acceleration programs for NTI markets, and this academic year, GUU has become a partner university for entrepreneurial competencies training, which will be held at the First Management University on October 24 and November 28.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/17/2024

    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.

    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.

    GUU at the All-Russian Conference on Technological Entrepreneurship

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/17/2024, 10:58 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A102L87 (IADOM B1P5) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/17/2024

    10:58

    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 17.10.2024, 10-58 (Moscow time), the values of the upper limit of the price corridor (up to 81.52) and the range of market risk assessment (up to 349.22 rubles, equivalent to a rate of 33.75%) of the RU000A102L87 security (IADOM B1P5) 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/n74066

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/17/2024, 13:43 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A1031U3 (VEB1P-26) security were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/17/2024

    13:43

    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 17.10.2024, 13-43 (Moscow time), the values of the upper limit of the price corridor (up to 79.05) and the range of market risk assessment (up to 874.87 rubles, equivalent to a rate of 13.75%) of the RU000A1031U3 (VEB1P-26) security 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/n74069

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: On 17.10.2024, two deposit auctions of the PPC “TERRITORIAL DEVELOPMENT FUND” will be held

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    The date of the deposit auction is 10/17/2024. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 845,000,000.00. The placement period, days is 54. The date of depositing funds is 10/18/2024. The date of return of funds is 12/11/2024. The minimum placement interest rate, % per annum is 19.00. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 845,000,000.00. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open). The basis of the Agreement is the General Agreement. Schedule (Moscow time). Applications in preliminary mode from 11:30 to 11:40. Applications in competition mode from 11:40 to 11:45. Setting the cut-off percentage or declaring the auction invalid before 11:55.

    Additional conditions With the right of early withdrawal of the deposit at a rate of 0.01% per annum.

    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/n74064

    MIL OSI Russia News

  • MIL-OSI Russia: The government has increased the volume of support for the Project Financing Factory program

    MILES AXLE Translation. Region: Russian Federation –

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

    Resolution of October 4, 2024 No. 1337

    The government continues to support investors implementing large projects in priority sectors of the economy. On the instructions of the President, a decision was made to increase the amount of state support for the “Project Financing Factory” program.

    Document

    Resolution of October 4, 2024 No. 1337

    The resolution signed by Prime Minister Mikhail Mishustin increases the size of the state corporation VEB.RF’s participation in syndicated loans from 500 billion to 600 billion rubles, which will help increase the total lending for investment projects in priority sectors of the economy to 6 trillion rubles.

    As Mikhail Mishustin noted atGovernment meeting, in general, the program is designed to solve the problem of insufficient capital. Within its framework, large facilities are being built in the gas chemical industry, trunk infrastructure, metallurgy and other areas. They contribute to the achievement of national goals approved by the head of state, the development of Russian regions and the country as a whole.

    The Project Financing Factory was launched in 2018, becoming a new mechanism for attracting investment. The program involves issuing loans for the implementation of investment projects in priority sectors of the economy. Such loans can be obtained for projects worth from 3 billion rubles. The operator of the program, coordinating its work, selecting and examining projects, is VEB.RF.

    The resolution was prepared to implement the instructions of the President following the XXVII St. Petersburg International Economic Forum, held in June 2024, and the meeting with members of the board of directors of the Russian Union of Industrialists and Entrepreneurs, held in April 2024.

    The signed document introduces changes toGovernment Resolution of February 15, 2018 No. 158.

    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://government.ru/nevs/53023/

    MIL OSI Russia News

  • MIL-OSI Russia: Artificial Intelligence Transforms Transport and Road Safety in Moscow

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Department of Transport

    The Moscow Department of Transport has outlined its key projects involving artificial intelligence. From biometric payments to autonomous trams and advanced video analytics, AI-powered innovations are setting new standards in public transport and traffic management.

    Artificial intelligence is transforming transport and road safety in Moscow.

    The Biometric Payment Revolution

    Over the past three years, biometric payment technology has changed the way people move around Moscow. Available at all metro stations, the Moscow Central Circle (MCC), Aeroexpress trains, regular river services and four Moscow Central Diameters (MCD) stations, this cutting-edge system allows passengers to pass through turnstiles with a single glance – no card or smartphone required.

    This seamless service, which provides banking-level security, has already served over 125 million biometric records, making it one of the most convenient and secure payment transit systems worldwide.

    The first autonomous tram in Russia

    The first autonomous tram in Russia has appeared in Moscow – a breakthrough in the field of innovation in public transport. This tram, equipped with the world’s first set of technologies, operates without the use of external control systems. Its software, developed entirely by the metro itself, belongs to the Moscow government and has no analogues in Europe.

    Since its introduction, the autonomous tram has traveled more than 1,800 kilometers without a single traffic violation, proving its reliability and safety on the roads.

    Sphere: Video analytics system ensuring Moscow’s security

    The Sphere video analytics system has played a major role in improving public safety in Moscow. Since September 1, 2020, Sphere has been operating at all metro stations, helping law enforcement agencies detain wanted people and find missing persons, including the elderly and children.

    Since the introduction of Sphere, more than 11,000 criminals have been detained and more than 1,500 missing people have been found, including 300 children.

    Monitoring metro car loading in real time

    To improve passenger comfort, the Moscow Metro uses machine learning algorithms to monitor carriage loads in real time. The system is updated every 10 seconds, taking into account the type and capacity of carriages, main transfer hubs and time data. This unique service is available through the Moscow Metro app and provides unprecedented accuracy in assessing carriage loads.

    Moscow Transport Contact Center Based on Artificial Intelligence

    Since 2019, artificial intelligence has been helping passengers through the Moscow transport contact center (number 3210). The voice assistant automatically processes calls related to vehicle evacuation, helping to optimize work. The contact center, which has been operating for more than 11 years, processes about 6,000 requests daily, providing important information about public transport, including fares, availability of free parking, and much more.

    Advanced video analytics on the Moscow Ring Road and major highways

    In Moscow, there are more than 1,500 high-resolution cameras installed on the Moscow Ring Road, the Moscow Ring Road and major highways, covering 100% of the main routes without “blind spots”. These cameras record 13 different types of incidents and transmit video in real time to the Traffic Management Center within a few seconds, which allows for a prompt response to them. Thanks to this intelligent system, the number of traffic accidents with victims on the Moscow Ring Road has decreased by 20% over the past three years.

    World leadership in photo and video monitoring of road traffic

    Moscow’s 3,800-camera photo and video traffic recording system is one of the most advanced in the world. Equipped with artificial intelligence, the system now identifies drivers talking on the phone or not wearing seat belts, and by 2023 it will be able to accurately determine whether motorcyclists are wearing helmets and passengers are wearing seat belts. AI can also detect more complex violations, such as blocking intersections and failing to yield to pedestrians.

    Smart intersections speed up traffic

    Moscow has installed over 600 “smart” intersections equipped with traffic lights controlled by artificial intelligence. These traffic lights are adjusted in real time depending on road conditions, using data from sensors embedded in the asphalt. As a result, city and private transport passes intersections 25-30% faster, and pedestrians wait 20-25% less for the green light.

    Moscow continues to lead the way in using artificial intelligence to revolutionize transportation and road safety, setting global standards for urban mobility innovation. Thanks to AI-powered systems, residents and visitors to the capital can expect safer, faster, and more convenient travel around the city.

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Increased sentencing powers for magistrates to address prisons crisis

    Source: United Kingdom – Executive Government & Departments

    More victims will get the justice they deserve sooner under plans to give magistrates greater sentencing powers.

    • Magistrates can send offenders to prison for up to one year
    • New powers to ease historic crisis in prisons and deal with court backlog
    • Next step in government’s plan to resolve inherited long-term prison capacity issues

    More victims will get the justice they deserve sooner under plans to give magistrates greater sentencing powers, announced by Lord Chancellor Shabana Mahmood.

    The changes, the latest step in the government’s plans to tackle the inherited crisis in our prisons, will allow magistrates to hand-down prison sentences of up to a year. This will help to tackle the record remand population in jails and address the Crown Court backlog, also at a historic high.

    The Lord Chancellor confirmed the plans to allow magistrates to issue custodial sentences for up to 12 months for a single offence – a doubling of their current powers. The move will save approximately 2,000 days in the Crown Court, so that time can be reserved for the most serious and complex cases.

    Bolstered powers will better support victims, with some who have been waiting months and even years to see justice done due to a system in disarray.

    It will also help the government drive down the record remand population – those who are in prison while they await their trial – and relieve pressure on prison capacity which was left at the brink of collapse.

    Lord Chancellor and Secretary of State for Justice Shabana Mahmood said:

    This government inherited a criminal justice system in crisis, with dangerously overcrowded prisons and victims waiting far too long to see justice.

    This marks a further step towards addressing the deep challenges in our criminal justice system, both reducing the record remand population in our jails and delivering swifter justice for victims.

    The significant increase in the remand population, which currently stands at a record 17,000, is one of the key factors in the current prison capacity crisis. This is because remand prisoners can only be held in “reception prisons” where the capacity in the prison estate is most acute, where some of our most dangerous offenders must be held, and where all new prisoners are sent to begin their sentences.

    Tackling the backlog of those awaiting trial in prison is a key priority and these reforms build on the government’s work to reduce pressure on the prison estate ahead of launching a sentencing review later this year.

    Mark Beattie, national chair of the Magistrates’ Association said:

    Magistrates are flexible and support the efficient and fair administration of justice. By being able to take on this additional responsibility and hear cases that carry a maximum sentence of 12 months, our members will be able to help prevent an increase in the backlog of cases in the crown courts, enabling the most serious offences to be dealt with quicker in crown courts; speeding justice for all.

    I know our members and colleagues will take up this increased responsibility with professionalism and integrity and will – as always – strive to deliver the highest quality of justice in their courts.

    Allowing magistrates to deal with more cases will also free up valuable Crown Court time in order to try and reduce the outstanding backlog.

    There are currently over 14,000 magistrates in England and Wales who play a vital role in our justice system hearing over a million cases on average every year. Coming from all walks of life they hear cases ranging from petty theft to serious assault. Magistrates and legal advisers will be fully trained in these new measures by the Judicial College in order to deliver longer sentences effectively.  The previous government extended sentencing powers in May 2022 but deactivated them in March 2023.

    Further information

    The Statutory Instrument to increase sentencing powers is due to be laid on 28 October and changes will come into force on 18 November.

    The Magistrates’ Association is a national charity and the membership body for the magistracy. With more than 12,000 members across England and Wales, it is a unique source of information and insight, and the only independent voice of the magistracy.

    The Magistrates’ Association will be available for media interviews stories. Please email media@magistrates-association.org.uk or call 020 3937 8863.

    A sentencing review will be published later this year.

    This power was previously activated in May 2022 and closed in March 2023.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Regulators urge safer giving to help people impacted by humanitarian crisis in the Middle East

    Source: United Kingdom – Executive Government & Departments

    The Charity Commission for England and Wales and the Fundraising Regulator advise people to give support via registered charities.

    Today (17 October 2024) the Charity Commission for England and Wales and the Fundraising Regulator have published advice on how people can help civilians impacted by the ongoing conflict in the Middle East.

    The advice comes as the Disasters Emergency Committee (DEC) launches a humanitarian appeal to help civilians affected by humanitarian crises in Gaza and Lebanon caused by conflict.

    DEC brings together 15 leading registered UK aid charities to raise funds quickly and efficiently in times of crisis overseas.

    The appeal will fund the distribution of emergency items such as mattresses, blankets, tents, food and water to those in need of basic humanitarian relief in the region.

    The government has pledged to match donations received by the DEC appeal, up to £10million, which will make the public’s generosity go up to twice as far to help those in need.

    Many people in the UK will separately be wishing to support charities operating in or supporting those across communities impacted by recent events in Israel. Checking charity registers before donating will ensure that support reaches its intended cause.

    By supporting existing, registered charities, including through the DEC, people can be assured that they are giving safely.  

    David Holdsworth, Chief Executive of the Charity Commission said:

    As we’ve watched the appalling humanitarian crisis unfold in the Middle East, many of us will be asking how best to help the millions of people in need of basic aid.

    Registered charities with experience working in incredibly complex and dangerous circumstances, across and within borders, are the best organisations to support financially to ensure donations reach civilians in need.

    That’s why we’re reminding people to give with confidence through registered charities, including the appeal launched by the Disasters Emergency Committee.

    Gerald Oppenheim, Chief Executive of the Fundraising Regulator said:

    The ongoing humanitarian crisis in the Middle East is devastating for so many people. The generosity of the British public means that many will be eager to support those affected in any way they can.

    Supporting registered charities, which have infrastructure established within the region, ensures that your donations will reach those who need it.

    Steps to giving safely 

    People can give with confidence to relief efforts by following a few simple steps: 

    • consider donating through the DEC’s emergency appeal
    • for those who choose to donate to other charities, the charity regulator is reminding people to check charities are registered and legitimate
    • look out for the Fundraising Badge – the logo that says ‘registered with Fundraising Regulator’ – and check the Fundraising Regulator’s Directory of organisations committed to fundraise in line with its Code of Fundraising Practice. 
    • contact a charity directly or find out more online about the charity that you’re seeking to donate to or work with to understand how it is spending funds 
    • make sure the charity is genuine before giving any financial information 
    • be careful when responding to emails or clicking on links within them 
    • check the charity’s name and registration number on the Charity Register – most charities with an annual income of £5,000 or more must be registered in England and Wales 

    ENDS  

    Notes to editors:  

    1. Further tips on donating with confidence to registered charities are available on GOV.UK 
    2. The Charity Commission for England and Wales is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its purpose is to ensure charity can thrive and inspire trust so that people can improve lives and strengthen society. It can be reached on 
    3. There are separate registers for charities in England and Wales, charities in Scotland and charities in Northern Ireland. Charities can be on more than one register, reflecting the nations where they operate
    4. The Fundraising Regulator is the independent regulator of charitable fundraising in England, Wales and Northern Ireland. Further guidance on giving safely to charity is available on the Fundraising Regulator’s website. It can be reached on FR@pagefield.co.uk

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Economics: GIANTX Gaming and Samsung UK Unite for EGX Comic Con 2024

    Source: Samsung

     
    London, UK.  October 17, 2024 –  Today, GIANTX, is excited to announce its collaboration with electronics manufacturer Samsung, set to make a mark on the gaming world with a uniquely tasteful collaboration at the first ever EGX Comic Con event in October in London. This activation stands as a testament to the synergy between two brands, driven by their shared commitment to enhancing gamer experiences and shaping the future of interactive entertainment.
     
    Taglined as “ONE TAP”, the campaign encapsulates the spirit of the collaboration – the ease and efficiency of Samsung’s gaming experience delivered through Samsung Gaming Hub*, emphasising that everything a gamer needs is available at their fingertips. Coupled with referencing the term for a perfect shot in gaming – a single, precise move that hits the target.
     
    This dual meaning reinforces the idea that Samsung’s gaming platform offers both precision and ease, making it the ultimate destination for gamers seeking a seamless and high-quality experience.
     
    Samsung Gaming Hub is a game streaming service that has been built into all Samsung gaming TVs and monitors as standard since 2022[1]. It provides quick and easy access to more than 3,000 top gaming titles from Xbox[2] NVIDIA GeForce NOW and other popular streaming services. It’s all cloud based so there are no downloads, no storage limits, and no console or PC is required – simply stream and play.
     
    Plus there are added features in certain Samsung TV models such as AI Auto Game Mode that recognises the genre of the game you are playing and then adjusts the settings accordingly for the ultimate immersive gaming experience and ultra smooth motion.
     
    The booth will include:
    Multiple Samsung TV and mobile gaming stations
    Sonic themed space
    Play to win activities
    Prizes worth up to £3000
    Red Bull refreshments
     
    The brands will work together to showcase Samsung’s premium product lines across its Odyssey Gaming range of gaming monitors and its innovative NEO QLED  TV range that both have Samsung’s Gaming Hub built in, as well as a selection of the newest models across the brand’s mobile and tablet ranges.
     
    Luis Garcia, Commercial Director at GIANTX, expressed his excitement:
     
    “We are delighted to welcome Samsung to the GIANTX family. We look forward to activating together at EGX Comic Con 2024, bringing a unique experience to fans from the UK and beyond, showcasing the latest of Samsung technology to our captive audience of gaming and esports enthusiasts.”
     
    Zeena Hill, Director of Marketing for TV/AV at Samsung Electronics in the UK and Ireland, said: “We’re really excited to be collaborating with GIANTX to provide thousands of fans at EGX Comic Con and beyond in the multiple benefits of  our superior TV range. We know that gaming is a huge passion point for so many of our customers which is why Samsung’s Gaming Hub is made so easily accessible – all you need is a controller and away you go.
     
    “This collaboration with GIANTX will not only showcase the stunning clarity and gaming performance of our TV technology but also the ease in accessing thousands of top game titles without the need for a console.”
     
    The announcement brings Samsung UK into the GIANTX partnership line-up alongside other household names like HSBC UK and EE, with the brands aligning on the values of inspiring through technology while demonstrating commitment to the UK gaming scene. It demonstrates GIANTX’s commitment to delivering unforgettable experiences to an unrivalled global fan base and showcase excellence in associated commercial propositions.
     
    For more information, please visit GIANTX.
     
    [1] Internet connection, additional gaming service subscription and compatible controller required. Gaming Hub not available in Republic of Ireland.
    [2] Requires Xbox Game Pass Ultimate subscription. Internet connection and compatible controller required.

    MIL OSI Economics

  • MIL-OSI United Kingdom: G7 Cyber Expert Group recommends action to combat financial sector risks from quantum computing

    Source: United Kingdom – Executive Government & Departments

    G7 Cyber Expert Group publishes guidance for the finance sector on planning for quantum computing.

    The G7 Cyber Expert Group (CEG) – chaired by the U.S. Department of the Treasury and the Bank of England – released a public statement on 25 September highlighting the potential cybersecurity risks associated with developments in quantum computing and recommending steps for financial authorities and institutions to take to address those risks.

    Quantum computers are being built that will be able to solve computational problems currently deemed impossible for conventional computers to solve within a reasonable amount of time.  While potentially providing significant benefits to the financial system, these powerful computers will also carry with them unique cybersecurity risks.  One of the most significant is that cyber threat actors could use quantum computers to defeat certain cryptographic techniques that secure communications and IT systems, potentially exposing financial entity data, including customer information.

    While the exact timeline for developing quantum computers with these capabilities is uncertain, there is a real possibility that such capabilities could emerge within a decade. These quantum computers would not only put future data at risk, but also any previously transmitted data that cyber adversaries have been able to intercept and store with the intent of decrypting later with quantum computers. Due to the potentially long lead time needed to put in place quantum-resilient technologies, the time to start planning is now.

    An initial set of quantum-resilient encryption standards was released by the National Institute of Standards and Technology (NIST) last month. Additional standards from NIST and other standard-setting bodies are expected in the future. It is important for financial entities to maintain the agility required to incorporate new encryption standards in a timely and appropriate manner as they become available.

    With the availability of NIST’s standards, some financial entities may be in a position now to start making the needed changes to implement quantum resilient technologies within their systems. Others may be dependent on vendors and other third parties to develop implementations of the new standards that can be incorporated once they become available. No matter where entities are in their adoption timelines, the G7 CEG strongly encourages financial authorities and institutions to begin taking the following steps to build resilience against quantum computing risks:

    1. Develop a better understanding of the issue, the risks involved, and strategies for mitigating those risks.
    2. Assess quantum computing risks in their areas of responsibility.
    3. Develop a plan for mitigating quantum computing risks.

    The CEG statement provides additional details on quantum computing risks and the specific actions that financial entities can start taking to build quantum resilience within the financial system.

    The G7 CEG’s membership includes representatives of financial authorities across all G7 jurisdictions as well as the European Central Bank.  It was founded in 2015 to serve as a multi-year working group that coordinates cybersecurity policy and strategy across the member jurisdictions.  In addition to policy coordination, the G7 CEG also acts as a vehicle for information sharing, cooperation, and incident response.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Celebrating 40 years of offshore wildlife recording Four decades of a unique partnership to chronicle the birds and other wildlife seen from North Sea oil and gas platforms has been celebrated in a new book.

    Source: University of Aberdeen

    Four decades of a unique partnership to chronicle the birds and other wildlife seen from North Sea oil and gas platforms has been celebrated in a new book.
    From 1979 to 2019 the North Sea Bird Club and the University of Aberdeen worked together to record and identify birds, marine animals, bats and moths and butterflies viewed from more than 250 offshore installations by over 400 observers.
    While it had been known for many years that birds cross the North Sea in very large numbers – especially in spring and autumn – it was quickly noted that those working offshore were in a unique situation to provide details of the species involved and their numbers.
    In November 1984, one offshore worker on the Maureen platform was recorded as saying: “On opening the door from the control room it appeared to be snowing. The sky was full of birds in every direction – Blackbirds, thrushes, Snow Buntings, Lapwings and even some Canada Geese. In addition there were at least 50+ owls. I’d estimate the numbers to be hundreds of thousands around the platform”
    To take advantage of this unique viewpoint, in 1979 the North Sea Bird Club was formed by a group of senior oil industry executives, and a collaboration with the University of Aberdeen began which would see more than 120,000 records sent in over the next four decades.
    The history of the partnership and the fascinating wildlife sightings and identification it led to has been set out in a book by Andrew Thorpe, the club’s former Recorder who was employed on a part-time basis by the University as a Research Assistant between 1999 and 2019.
    The North Sea Bird Club 1979-2019 mixes entertaining anecdotes, interesting facts and hard data to tell the story.
    Andrew said: “Back in 1979, it was thanks to the foresight of Professor George Dunnet, Regius Professor of Natural History at the University and other associates that the Club was created.
    “He continued to act as an adviser to the club and we drew heavily on University expertise. Being located within the Zoology Department, we were able to access other specialists – Dr Mark Young  provided support with identification of butterflies and moths sent from offshore, Professor Paul Racey provided guidance for those who found bats on offshore installations and Mr Kenn Watt was a hoverfly expert in the department who helped with identification.
    “Marine animals offshore were also recorded and the University’s Oceanlab staff were able to assist here.”
    Although the club was wound up with the downturn of the industry in 1999, the records it received, maintained by the University, continue to be used for academic research.
    “A Club Secretary in 1990 wrote ‘The North Sea Bird Club is a unique organisation operating in a unique environment’ and that remained true throughout the 40 years,” Andrew added.
    “Records came from all over the North Sea and allowed us to put together a picture of where birds were moving at peak migration times and this could often be related to similar patterns of arrival onshore.
    “The 120,000 record database the University helped us to create has been used to provide data to many interested parties. For example several different University students requested data on Buzzard feathers, Twite records offshore, Porbeagle shark and bat records.
    “Professor Racey, formerly of the University, informed us that much valuable information about the occurrence of Nathusius’ pipistrelle bat had been obtained from offshore records of that species. Certain corpses of dead birds found offshore were passed to The National Museum Scotland for their collections.
    The North Sea Bird Club 1979-2019 is available at £21.00 (inc p&p) to purchase directly from Andrew Thorpe by emailing Andrew.Thorpe147@btinternet.com.
     
    Interesting Facts from the North Sea Bird Club         
    Many common ‘garden’ birds regularly cross the North Sea;
    Blackbirds, robins, chaffinches, blue tits, crows and owls are all regularly reported from rigs in the North sea;
    Even tiny wrens cross the North Sea.  In 1998, a total of 58 wrens was reported from offshore installations;
    Blackbirds and thrushes can cross the North Sea in large numbers, usually in autumn.  In 1979, over 30,000 blackbirds were reported offshore;
    In November 1984, an exceptional number of birds landed on the Maureen platform during very bad weather – some 200-300,000 were estimated including 40-50 owls;
    Starlings regularly cross the North Sea in spring and autumn in very large numbers.  A flock of an estimated 50,000 was seen to pass by Auk Alpha in 1984!
    Ringed birds are often found dead on rigs;
    A Starling that was ringed in Poland in May 1992 was found on the Hewett platform in December that year.  It had travelled over 1500km;
    A Blue Tit ringed in Norway in July 1988 was found on Beryl B, halfway between Norway and the Shetland Isles;
    The first British record of a Pacific Swift came from Shell BT platform in 1981.  It normally breeds in the Far East and migrates to Australia!
    It’s not only birds that were reported:
    Over 300 killer whales have been seen offshore and reported. 20-30 were around Brae B in April 1988 and one remained there for almost a year (photo);
    Butterflies, moths and dragonflies are regularly reported too;
    A Blue Dasher dragonfly from America which was found on an unmanned rig near Shetland was the first record in Europe!
    Bats are occasionally found and sent in;
    The NSBC has provided much valuable information on the Nathusius’ pipistrelle bat which previously was rarely recorded in the UK.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Sheffield Cares Excellence Awards nominations now open Sheffield’s carers are to be celebrated for the care and support that they give to the people of Sheffield.The Sheffield Cares Excellence Awards, hosted by Sheffield City Council’s Adult Health and Social Care team, will celebrate and empower the city’s most skilled and dedicated carers. 17 October 2024

    Source: City of Sheffield

    Sheffield Cares Excellence Awards 2025

    Sheffield’s carers are to be celebrated for the care and support that they give to the people of Sheffield.The Sheffield Cares Excellence Awards, hosted by Sheffield City Council’s Adult Health and Social Care team, will celebrate and empower the city’s most skilled and dedicated carers.

    People are asked to help with these awards, that will shine the spotlight on the city’s amazing carers, by nominating carers for an award from the city’s 17,500 strong care sector workforce.

    In addition, Sheffield has around 11,000 unpaid carers and around 7,000 young carers.

    Anyone who contributes to social care support in Sheffield can be nominated. This includes carers who are paid or unpaid, managers, office staff, domestic staff, caretakers, chefs working in the care sector, occupational therapists and nurses working in care, social workers, activity coordinators or volunteers from the voluntary sector who offer social care support, social care personal assistants and individual employers.

    The awards will be celebrated in the Sheffield Cares Excellence Awards Ceremony which will place at Sheffield City Hall on Thursday 13th February 2025.

    Councillor Angela Argenzio, Chair of the Adult Health and Social Care Committee at Sheffield City Council, said: “These awards are a great opportunity for anyone to nominate someone for an award who is dedicated to providing the best possible standard of care to someone who relies on their support, skill and expertise. Carers and everyone involved in social care carry out an essential role every day all over the city and we are so grateful for the huge difference they make to so many people’s lives. There are so many people in our local communities who are potential award winners and nominating someone for an award is a really easy process too, so I encourage as many people as possible to start nominating between now and midnight on 10th November. I very much look forward to meeting everyone involved in these awards and the winners at the awards ceremony in February 2025.”

    Who can nominate? 

    Anyone can make a nomination and there is no limit on how many people that someone can nominate in each category.

    Those nominating carers for an award can nominate in more than one award category. 

    Who can be nominated? 

    People nominated must have an active paid or unpaid role in providing safe, high-quality care in Sheffield. 

    Anyone nominating someone for a Young Carer Award must get permission from the carer’s parent or legal guardian.

    What are the award categories?

     The main Care Excellence Awards are focused around four themes:  

    • Compassion in Care 
    • Inspirational Support or Leadership  
    • Dignity, Respect & Inclusion in care   
    • Commitment to Care 

    In addition, there are seven specialist awards: 

    • Young Carer Award (Primary age, secondary age, & Young Adult 16-25) 
    • Newcomer / Apprentice of the Year   
    • Personalised Support Award – Supporting People to Live the Life they want to live   
    • Dignity Award  
    • Team of the Year   
    • Social Care Hero of the Year     
    • Lifetime Achievement Award 
    Nomination deadline

    Nominations close at midnight on Sunday 10th November 2024. 

    How to nominate 

    Those who want to nominate someone for an award can use the online form at https://forms.office.com/e/2gEEphZHBT or they can write or email with their nomination details.

    Detailed information about nominating is here: https://www.sheffield.gov.uk/careawards

    Award Winners

    All nominations will be carefully considered by our independent panel of decision-makers.  The panel will be made up of individuals who receive care and support and of people who have a wider interest in the social care sector in the UK.

    More information about the awards criteria is at https://www.sheffield.gov.uk/careawards

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: World Day against the Death Penalty 2024: Joint statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    The UK and other OSCE participating States mark World Day against the Death Penalty at the OSCE.

    Thank you Mr Chair,

    I am speaking on behalf of Canada, Iceland, Liechtenstein, Norway, San Marino, the United Kingdom and my own country Switzerland.

    The 10th of October marked the 22nd World Day against the Death Penalty.

    We categorically oppose the death penalty under all circumstances, it is not consistent with human rights, including the right to life. In this context, we welcome the fact that the global trend towards the abolition of capital punishment continues unabated in all parts of the world, including the OSCE region. Today, almost three-quarters of states are abolitionist, either in law or in practice. Amid growing pressure on human rights and increasing instability, this positive development – that crosses the globe – should not go unnoticed.

    However, it should also not invite complacency in our collective efforts against the death penalty, especially given recent setbacks observed. Last year, recorded global executions soared to their highest number in almost a decade.

    In light of this, it is important to emphasize that the death penalty neither makes communities safer nor serves as a deterrent to crime. On the contrary, it exacerbates cycles of violence and is often used as a tool of repression. Responding to a crime, no matter how heinous, by committing another crime should never be the solution.

    As of today, only two participating States of the OSCE continue to apply capital punishment: Belarus and the United States. Regarding Belarus, we deeply deplore the fact that the use of the death penalty has been extended twice in recent years. We therefore urge the Belarusian authorities to reverse this trend and establish a moratorium on executions as a first step towards abolition.

    We also remain concerned that capital punishment continues to be used in the United States. We welcome the current moratorium on Federal executions and we call on the relevant US authorities to commute all Federal death sentences into prison terms

    Mr Chair,

    Our countries are committed to the universal abolition of the death penalty and call on all States, both within and beyond the OSCE, to completely abolish capital punishment or, as a first step, establish a moratorium on its use. In this context, we urge all participating States to vote in favour of the UN resolution, currently under negotiation at the UN General Assembly, which calls for a moratorium on capital punishment.

    Thank you, Mr Chair.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI: WhiteBIT Achieves the Highest Level of PCI DSS Certification for Payment Data Security

    Source: GlobeNewswire (MIL-OSI)

    VILNIUS, Lithuania, Oct. 17, 2024 (GLOBE NEWSWIRE) — WhiteBIT cryptocurrency exchange has once again confirmed its commitment to top-tier security standards by successfully passing the Payment Card Industry Data Security Standard (PCI DSS) certification. The company achieved the highest Level 1 certification.

    This certification verifies that the WhiteBIT platform adheres to the best practices for storing, processing, and transmitting payment card data, ensuring the privacy and security of its users’ financial information. Payment data on WhiteBIT is securely protected from cyber attacks and online fraud, allowing customers to safely perform bank card transactions (deposit/withdraw funds) using methods like Apple Pay and Google Pay.

    “The security of our customers has always been a top priority at WhiteBIT. We set a high standard for cybersecurity and work tirelessly to safeguard our users’ data against potential threats,” said Volodymyr Nosov. “Today, over 5 million clients trust us, and we continually implement innovative solutions to ensure their safety and the transparency of our processes.”

    Benefits of PCI DSS Certification for WhiteBIT Crypto Exchange:

    1. Enhanced Fraud Protection: The certification ensures that WhiteBIT implements advanced security measures, such as encryption, tokenization, access controls, and monitoring, to protect and process payment card data. This greatly reduces the risk of data breaches and cybercrime.
    2. Data Privacy: WhiteBIT handles card data in line with top industry standards, ensuring clients’ sensitive information remains secure and confidential.
    3. Wider Range of Trusted Payment Options: PCI DSS certification enables the integration of multiple secure payment methods, including bank cards from various payment systems. Additionally, all payment providers partnered with WhiteBIT are also required to comply with PCI DSS standards.
    4. Global Recognition: Certification proves that WhiteBIT adheres to international security practices, which is a key consideration for global partners and investors.

    PCI DSS certification highlights WhiteBIT’s commitment to user safety, allowing customers to confidently use their bank cards on the platform without concerns over data breaches.

    To maintain PCI DSS certification, WhiteBIT undergoes an independent audit annually, assessing its compliance with 12 core security principles. This audit is conducted by an accredited third-party organization.

    In addition, WhiteBIT performs external penetration testing of its platform to identify and address any potential vulnerabilities.

    About PCI DSS

    PCI DSS (Payment Card Industry Data Security Standard) is a global security standard established by the payment card industry to protect cardholder data. It was developed by five major payment networks: Visa, Mastercard, American Express, Discover, and JCB. The standard encompasses over 300 criteria related to various aspects of information security, organized into 12 key principles. There are four levels of certification, determined by the annual volume of transactions processed.

    About WhiteBIT

    WhiteBIT is one of the largest centralized cryptocurrency exchanges in Europe, founded in Ukraine in 2018. The platform offers more than 580 trading pairs, 270+ assets, and supports 10 national currencies. WhiteBIT partners with global payment system Visa, the e-sports platform FACEIT, and the telecom operator lifecell. It also supports FC Barcelona (Spain), Trabzonspor (Turkey), and the Ukrainian national football team. Additionally, WhiteBIT collaborates with the National University of Kyiv-Mohyla Academy and the Ministry of Foreign Affairs of Ukraine. The company’s mission is to promote the widespread adoption of blockchain technology in Ukraine and around the world.

    Contact

    WhiteBit
    WhiteBit Team
    pr@whitebit.com

    The MIL Network

  • MIL-OSI United Kingdom: expert reaction to study on forever chemicals in bottled and tap water

    Source: United Kingdom – Executive Government & Departments

    A study published in ACS E&T Water looks at PFAS in drinking water. 

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

    “PFAS are a family of man-made chemicals based on carbon-fluorine bonds.  They are often termed forever chemicals because they are very resistant to degradation. The name is also a little chemistry joke as the F in forever, and C in chemicals can also stand for Fluorine and Carbon, respectively. Unfortunately, the term is misleading as it implies that PFAS never break down and that if they get in your body, they are there forever – neither of which is true.

    “This new research about PFAS in drinking water may initially sound scary and raise some concerns with the public. However, the authors do not claim to have assessed risk, and we should remember that the mere presence of something does not mean it will automatically cause harm. Any discussion about toxicity is meaningless without both dose and context. For example, we know you can get skin cancer from exposure to UV light, but that does not mean you will get cancer as soon as you go outside. Similarly, you will have no problem drinking a glass of water, but if you inhale the same amount into your lungs, you’ll have health risks. 

    “While PFAS have been linked to a range of health effects, the concentrations of PFAS needed to cause such effects are much higher than the levels reported in this study. In some respects, the work is good news: even the highest total PFAS level reported was just 9.2 ng/L. For reference, one nanogram per litre is 1 part per trillion. This is equivalent to 1 second in 31.5 thousand years. So, yes, 9.2 ng/L is an incredibly small amount, and the risk of PFAS exposure at this level is also very small. Since the researchers only measured ten compounds, it is possible that there was more PFAS present than was reported, but the risk is still very low.

     “The other thing to remember is that PFAS are now ubiquitous in the environment, so if you look hard enough at almost any sample, you will find them. Background contamination from clothes and lab equipment is a problem when assessing PFAS at such low levels, but the authors don’t say how they accounted for this in the main part of the paper.

     “We might say, ‘Why not make the risk zero completely’? But this is impossible to achieve. There is risk in everything we do; for example, if I drive to work, there is a risk I might crash, I go for a swim, I might drown. Both are low risks, but not zero. We could never be sure PFAS concentration was zero, just that it was lower than the minimum amount we could measure. Even the recent US limit of 4ng/L for PFOS and PFOA in drinking water is not based on acceptable risk but just one that can be achieved and reliably measured. 

    “So overall, while this paper is interesting it does not mean you need to avoid bottled (or tap) water”.

    Dr Ovokeroye Abafe, Lecturer in Environmental Sciences, Brunel University of London, said:

    “The study’s conclusions show insights into very simple contaminant reduction methods that can easily be adopted by consumers. The result provides further understanding on the distribution of PFAS in drinking water sources and shows that simple AC filtration and boiling can significantly reduce the concentrations of some PFAS in drinking water, thereby minimising exposure arising from this route.  It is interesting to see very simple and easily adaptable home solutions that can significantly minimise the concentrations of PFAS in drinking water, thereby safeguarding public health.  However, the sample size is relatively small, which is a limitation to be aware of.”

    Factors Influencing Concentrations of PFAS in Drinking Water: Implications for Human Exposure’ by Chuanzi Gao et al. was published in ACS E&T Water at 13:00 UK time on Thursday 17th October.

    Declared interests

    Prof Oliver Jones: “I don’t have any conflicts of interest in this case, but I have in the past received funds from the Environment Protection Authority Victoria and various Australian Water utilities for research into environmental pollution, including PFAS.”

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

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Asda Stores Ltd Fined £250,000 after Trading Standards investigation

    Source: City of Derby

    Asda Stores Ltd has been handed a £250,000 fine for displaying food beyond its use-by date, following an investigation by Derby City Council’s Trading Standards Team.

    The case was heard at Southern Derbyshire Magistrates Court, where, on Wednesday 16 October, District Judge Jonathan Taaffe found Asda Stores Ltd guilty of 11 offences. These related to having unsafe food on offer for sale contrary to regulation 19 of the Food Safety and Hygiene (England) Regulations 2013.

    Asda Stores Ltd were then handed down a fine of £250,000 and ordered to pay costs of £74,117.69 and a victim surcharge of £190.

    This sizeable fine comes after an inspection at Asda’s Sinfin store on 15 July 2021. During the inspection, Trading Standards officers found 18 food items on shelves past their use-by date. This followed previous warnings on two occasions from Senior Trading Standards Officers.

    Use-by dates are applied to highly perishable food items by the manufacturer and are crucial to ensuring customers are buying and consuming safe items. According to the Food Standards Agency, these dates are the most important to remember for food products. Shoppers are advised never to eat food beyond the use-by date, even if it looks and smells ok.

    District Judge Taaffe determined that Asda Stores Ltd did not provide a satisfactory defence, but instead failed to prove that they had implemented their system properly and failed to show that they had made improvements following the warnings received from the Trading Standards team.

    Councillor Shiraz Khan, Cabinet Member for Housing and Regulatory Services, said:

    A fine of this scale reflects the seriousness of the situation and the risk it posed to the people of Derby.

    “We are lucky that we have a Trading Standards team who are committed to keeping our city safe, and I am incredibly proud of the work that they continue to do. This case serves as a reminder that we are prepared to take whatever action necessary against businesses that break the rules, no matter how big or small.

    The investigation was led by Victoria Rose, Senior Trading Standards Officer, who said:

    Customers should be able to rely on stores such as Asda to supply food that is safe to eat. It’s my role as a Senior Trading Standards Officer to help protect the public when this is not the case, especially when some of these foods were aimed at children and found to be on the shelves six months past their use-by date.

    Donna Dowse, Trading Standards Service Manager, added:

    This was not an easy case to bring before the courts, and as a service we faced many barriers put before us due to the nature of Primary Authority Partnerships when trying to take enforcement action.

    The Primary Authority blocked our enforcement action in this case. As such, Victoria Rose had to take the matter first to the Office for Product Safety and Standards (OPSS) and then to the Secretary of State before we could look at a prosecution. If it wasn’t for this commitment to keeping the public safe, then Asda would not have been held accountable for their failings as they have been today.

    A Primary Authority Partnership is an agreement in law between a business and a local authority. If the local authority provides that business with “assured” advice, then the business can rely on that advice when being investigated by other local authorities, and the Primary Authority can block enforcement action being taken in respect of that advice.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: MAIB Annual Report 2023 published

    Source: United Kingdom – Executive Government & Departments

    This report provides information on the branch’s activities during 2023.

    Today, we have issued our annual report which details the work of the branch during 2023 and includes:

    • a statement from the Chief Inspector of Marine Accidents
    • a feature on MAIB’s new data portal
    • an overview of accidents reported
    • a summary of investigations started
    • details of investigation reports published
    • recommendations issued in 2023 and an update on their status
    • updates on open recommendations made in previous years
    • marine accident statistics

    Read more in our Annual Report 2023.

    Media enquiries (telephone only)

    Media enquiries during office hours 01932 440015

    Media enquiries out of hours 0300 7777878

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Global: Nobel peace prize was another win for anti-nuclear activists, but much work remains

    Source: The Conversation – UK – By Elizabeth Chappell, Researcher Faculty of Arts and Social Sciences, The Open University

    The 2024 Nobel peace prize has been awarded to Nihon Hidankyo, a Japanese grassroots organisation created by survivors of the US atomic bombings of Hiroshima and Nagasaki in 1945. Nihon Hidankyo has provided thousands of witness accounts and public appeals by survivors, who are known as hibakusha, and has sent annual delegations to the UN.

    Their work was commended by the Nobel committee, who decided to award the prize to Nihon Hidankyo “for its efforts to achieve a world free of nuclear weapons and for demonstrating that nuclear weapons must never be used again”.

    Nihon Hidankyo’s co-chair, Toshiyuki Mimaki, said: “I never expected we would win the Nobel peace prize. Now we want to go further and appeal to the world to achieve lasting peace. We are old, but we never give up.”

    There are an estimated 106,000 hibakusha still living in Japan, with many more alive around the world. There are also survivors – and their descendants – of the more than 2,000 nuclear tests that have taken place worldwide since 1945. Some of these people use the term hibakusha to describe themselves.

    This was not the first time the prize had been awarded to a nominee for their efforts towards nuclear disarmament. And it probably won’t be the last.

    In 1985, the prize was awarded to an organisation called the International Physicians for the Prevention of Nuclear War. And then, in 1995, the prize was won by Joseph Rotblat, the only scientist to have left the Manhattan Project – the US government’s research project to produce the first atomic bomb – on moral grounds.

    Barack Obama was next in 2009, for his “vision of and work for a world without nuclear weapons”. His administration made efforts to renew the strategic arms reduction treaty with Russia, and Obama became the first US president to visit one of the atomic bombed cities when he made a special trip to Hiroshima in 2016.

    The following year, the prize was won by the International Campaign to Abolish Nuclear Weapons (ICAN) for its “groundbreaking efforts to achieve a treaty-based prohibition of nuclear weapons”. This was a reference to the UN treaty on the prohibition of nuclear weapons, which from 2017 has outlawed states from participating in any nuclear weapon activities.

    Nihon Hidankyo may not be a household name, but two of its former co-chairs are quite well known internationally. Hiroshima-born Sunao Tsuboi was photographed in one of the few known images to be taken on the day of the bombing.

    Tsuboi and fellow survivor Shigeaki Mori also spoke with Obama on his visit to the city. It is said that Obama’s visit was, in part, triggered by Mori’s research. He had spent 40 years searching for the identities of 12 US prisoners of war who had been killed in the bombing of Hiroshima.

    Another of Nihon Hidankyo’s former co-chairs, Nagasaki-born Sumiteru Taniguchi, spent three-and-a-half years in hospital after the bombing of his city and never fully recovered from his wounds.

    Taniguchi’s story became famous after the publication of his 1984 memoir, The Postman of Nagasaki. The book’s author, Peter Townsend, was a Royal Air Force pilot in the second world war and is known in the UK for his affair with Princess Margaret, sister of the late Queen. The memoir was made into a film in 2022.

    The logic of nuclear deterrence

    We are currently at a time where the threat of nuclear weapons is growing. This was reflected by the committee who, when awarding Nihon Hidankyo with the prize, noted that the “taboo” against their use was “under pressure”.

    Nuclear deterrence relies on the logic of the threat to inflict “unacceptable damage” on the enemy. But nuclear deterrence is not foolproof. What is unacceptable to one adversary may be acceptable to another, depending on the circumstances.

    It’s worth remembering that the 1945 atomic bombings were not, as is commonly believed, the only reason the Japanese surrendered the following week and brought the war to an end. Various factions in the war council had been attempting to find ways to surrender for over a year, and the bombs offered Japan’s Emperor Hirohito a way to save face.

    As M.G. Sheftall, the author of the 2024 book, Hiroshima: The Last Witnesses, has noted:

    The bombs didn’t force the Japanese to surrender, they gave Hirohito the opportunity to surrender … News of the Nagasaki bomb came as they were having a meeting of the imperial war council about what to do about the Soviets coming into the war. It should be known that there was never any special imperial war council meeting after the Hiroshima bomb. That wasn’t considered weighty enough to make everyone drop what they were doing and head to the Imperial Palace.

    The ruins of Nagasaki, Japan, after the atomic bombing of August 9 1945.
    Everett Collection / Shutterstock

    The effects of radiation on the human body were little known in 1945, due to censorship both by the Japanese military and the US occupation that followed. As I was told in an interview with a hibakusha called Keiko Ogura, who was eight when the first bomb was dropped: “No one understood why people were still dying days, weeks, months and years after the attacks – they thought the atomic bomb was poison gas.”

    We now know much more about the devastating consequences of radiation for humans, animals and the environment across generations. However, research is still not widely publicised, with ICAN taking the lead as an international forum for important new findings to be shared and known.

    Let’s hope this year’s award will help inform the world once and for all of the nature of these weapons. As former US president, John F. Kennedy, said in a speech to the UN in 1961: “A nuclear disaster, spread by wind and water and fear, could well engulf the great and the small, the rich and the poor, the committed and the uncommitted alike.”

    Next year will mark the 80th anniversary of the atomic bombings. This prize should help ban what Kennedy described as the “sword of Damocles” that still threatens life on earth.

    Elizabeth Chappell does not work for or receive funding from any external organisation.

    ref. Nobel peace prize was another win for anti-nuclear activists, but much work remains – https://theconversation.com/nobel-peace-prize-was-another-win-for-anti-nuclear-activists-but-much-work-remains-241160

    MIL OSI – Global Reports

  • MIL-OSI Global: A new generation of telescopes will probe the ‘unknown unknowns’ that could transform our knowledge of the universe

    Source: The Conversation – UK – By Richard Massey, Professor of extragalactic astrophysics (dark matter and cosmology), Durham University

    Illustration of the Extremely Large Telescope, currently under construction in Chile’s Atacama desert. ESO, CC BY

    In recent decades, we’ve learnt huge amounts about the universe and its history. The rapidly developing technology of telescopes – both on Earth and in space – has been a key part of this process, and those that are due to start operating over the next two decades should push the boundaries of our understanding of cosmology much further.

    All observatories have a list of science objectives before they switch on, but it is their unexpected discoveries that can have the biggest impact. Many surprise advances in cosmology were driven by new technology, and the next telescopes have powerful capabilities.

    Still, there are gaps, such as a lack of upcoming space telescopes for ultraviolet and visible light astronomy. Politics and national interests have slowed scientific progress. Financial belts are tightening at even the most famous observatories.


    This is article is part of our series Cosmology in crisis? which uncovers the greatest problems facing cosmologists today – and discusses the implications of solving them.


    The biggest new telescopes are being built in the mountains of Chile. The Extremely Large Telescope (ELT) will house a mirror the size of four tennis courts, under a huge dome in the Atacama desert.

    Reflecting telescopes like ELT work by using a primary mirror to collect light from the night sky, then reflecting it off other mirrors to a camera. Larger mirrors collect more light and see fainter objects.

    The Extremely Large Telescope under construction atop the Cerro Amazones peak in northern Chile.

    Another ground-based telescope under construction in Chile is the Vera C. Rubin telescope. Rubin’s camera is the largest ever built: the size of a small car and weighing about three tonnes. Its 3,200 megapixels will photograph the whole sky every three days to spot moving objects. Over the course of 10 years, these photographs will be combined to form a massive time-lapse video of the universe.

    Astronomy used to be a physically demanding job, requiring travel to remote telescopes in dark sites –- but many astronomers began working from home long before COVID. In the late 20th century, major ground observatories started to put in place technology to allow astronomers to control telescopes for observations at night, even when they were not there in person. Remote observing is now commonplace, carried out via the internet.

    Expect the unexpected

    The view of any telescope on the ground is limited, though, even if it’s on top of a mountain. Launching telescopes into space can get around these limitations.

    The Hubble Space Telescope’s operational history began when the space shuttle lifted it above the atmosphere on April 25 1990. Hubble got the full 1960s sci-fi treatment: a rocket to launch it, gyroscopes to point it, and electronic cameras instead of photographic film. But one plan fell through: for Hubble to host a commuting astronaut-astronomer, working decidedly away from home.

    Hubble was designed to take a census of the Milky Way and its neighbouring galaxies. Its successor, the James Webb Space Telescope, would study even more distant galaxies.

    Both telescopes have revolutionised our understanding of the universe, but in ways nobody foresaw. Hubble’s original plans mention none of the discoveries now seen as its greatest hits: plumes of water erupting from Jupiter’s moon Europa, the vortex around black holes, invisible dark matter that holds the universe together, and the dark energy that is pulling it apart.

    The Hubble Space Telescope being deployed from the space shuttle in April 1990.
    Nasa/Smithsonian Institution/Lockheed Corporation

    Webb, launched on December 25 2021, now spends a third of its time looking at planets around other stars that weren’t even known about when it was designed.

    The stated goal of an expensive telescope is usually just a sales pitch to space agencies, governments and (shhh…) taxpayers. The Webb telescope should achieve its original science goals, but astronomers have always known that seeing further, finer or in more colours can achieve so much more. The unexpected discoveries by telescopes are often more significant than the science objectives stated at the outset.

    Taking the long view

    For scientists, it’s a relief that telescopes go beyond their brief, because Hubble and Webb both took more than 25 years from napkin to launch. In that time, new scientific questions arise.

    Building a large space telescope typically takes about two decades. The Chandra and XMM-Newton space telescopes took 23 years and 15 years to build, respectively. They were designed to observe X-rays coming from hot gas around black holes and galaxy clusters, and were launched very close together in 1999.

    They were followed by Japan’s Hitomi X-ray satellite, which took 18 years to build, and the German eRosita instrument on Russia’s Spektr-RG space observatory, which took 20 years.

    Similar timescales apply to the European Space Agency’s Hipparcos and Gaia space telescopes, which have mapped all the stars in the Milky Way. The Cobe and Planck missions to study the microwave-light afterglow of the Big Bang also took two decades. Precise dates depend how you count, and a few exceptions have been “faster, better, cheaper”, but national space agencies are generally risk averse and slow when developing these projects.

    Chandra and XMM-Newton were launched to study X-rays from hot gas around black holes.
    ESO, Esa/Hubble, M. Kornmesser, CC BY

    The latest space telescopes are therefore millennials. They were designed at a time when astronomers had measured the universe’s newborn expansion following the Big Bang, and also its old-age, accelerating expansion. Their main goal now is to fill the gap –- because, surprisingly, interpolations from early times to late times don’t meet in the middle.

    The measured rates for the expansion of the universe are inconsistent, as are results for the clumpiness of matter in the cosmos. Both measurements create challenges for our theories of how the universe evolved.

    Observing the middle age of the universe requires telescopes operating at long wavelengths, because light from distant galaxies is stretched by the time it reaches us. So, Webb has infrared zoom cameras, while the European Space Agency’s Euclid space telescope, launched in 2023, and Nasa’s Nancy Grace Roman telescope, which is set to launch in 2026, both have infrared wide-angle views.

    Three buses come along at once

    Most stars shine in ultraviolet and infrared colours that are blocked by the Earth’s atmosphere, as well as the colours our eyes evolved to see.

    Extra colours are useful. For example, we can weigh stars on the other side of our galaxy because massive stars are bright in infrared, while smaller ones are faint – and they stay that way throughout their lifetimes. However, we know where stars are being born because only young stars emit ultraviolet light.

    In addition, independent measurements of the same thing are vital for rigorous science. Infrared telescopes, for example, can work together and have already made surprising discoveries. But it’s not great for diversity that the Webb, Euclid and Roman space telescopes all see infrared colours.

    Hubble’s visible light camera has just been switched off due to budget cuts. Nasa will not swing back to ultraviolet wavelengths until the 2030s, with the Ultraviolet Explorer and Habitable Worlds Observatory.

    Earthly politics gets in the way, too. Data from China’s Hubble-class space telescope, Xuntian, is unlikely to be shared internationally. And in protest at Russia’s invasion of Ukraine, in February 2022 Germany switched off its eRosita X-ray instrument that had been operating perfectly, in collaboration with Russia, a million miles from Earth.

    Cheap commercial launches may save the day. Euclid was to have lifted off on a Russian Soyuz rocket from a European Space Agency spaceport in French Guiana. When Russia ended operations there in tit-for-tat reprisals, Euclid’s launch was successfully switched at the last minute to a SpaceX Falcon 9 rocket.

    If large telescopes can also be folded inside shoebox-size “cubesat” satellites, the lower cost would make it viable for them to fail. Tolerating risk creates a virtuous circle that makes missions even cheaper.

    Telescopes are also being tried in innovative locations such as giant helium balloons and aeroplanes. One day, they might also be deployed on the Moon, where the environment is advantageous for certain types of astronomy.

    But perhaps the most unusual telescope technology, which may bring the most unexpected discoveries, is gravitational wave detectors. Gravitational waves are not part of the electromagnetic spectrum, so we can’t see them. They are distortions, or “ripples”, in spacetime caused by some of the most violent and energetic processes in the universe. These might include a collision between two neutron stars (dense objects formed when massive stars run out of fuel), or a neutron star merging with a black hole.

    If telescopes are our eyes, gravitational wave detectors are our ears. But again, current gravitational wave detectors on Earth are mere dry runs for the ones astronomers will ultimately deploy in space.

    Asked what the next generation of observatories will discover, I have no idea. And that’s a good thing. The best science experiments shouldn’t just tell us about the things we expect to find, but also about the unknown unknowns.

    Richard Massey receives funding from the UK Space Agency to support Euclid, and leads UK involvement in the SuperBIT balloon-born telescope.

    ref. A new generation of telescopes will probe the ‘unknown unknowns’ that could transform our knowledge of the universe – https://theconversation.com/a-new-generation-of-telescopes-will-probe-the-unknown-unknowns-that-could-transform-our-knowledge-of-the-universe-240078

    MIL OSI – Global Reports