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Category: Europe

  • MIL-OSI Asia-Pac: Speech by CE at BritCham Hong Kong Summit 2024 (English only)

    Source: Hong Kong Government special administrative region

    Speech by CE at BritCham Hong Kong Summit 2024 (English only)
    Speech by CE at BritCham Hong Kong Summit 2024 (English only)
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         Following is the speech by the Chief Executive, Mr John Lee, at Britcham Hong Kong Summit 2024 today (September 24): Mr Jeremy Sheldon (Chair of the British Chamber of Commerce in Hong Kong), Mr Paul McComb (Executive Director of the British Chamber of Commerce in Hong Kong), Deputy Consul-General Sarah Robinson (Deputy Consul-General of the United Kingdom to Hong Kong), distinguished guests, ladies and gentlemen,      Good afternoon to you all. I am delighted to be here, today, for the fourth annual BritCham Hong Kong Summit. And what a day it’s been, with Commissioner Cui Jianchun opening the Summit and five smartly considered panel discussions, each centred on Hong Kong opportunity – long-term, far-reaching opportunities powered by innovation, sustainability, and more.           Panel One’s theme certainly caught my attention, with its focus, and I quote, “Business Leaders Perspective on Hong Kong as a Global Powerhouse City”.           Yes, ladies and gentlemen, Hong Kong indeed endeavours to become a global powerhouse city. With its energy, entrepreneurship and connectivity.           More than an ambition, it is a goal and collective commitment that the Hong Kong SAR Government is working, tirelessly, to realise.           With welcome assistance, let me add, from organisations such as the British Chamber of Commerce in Hong Kong, and its membership of some 1 000 professionals from about 350 companies. Each and every one of you as committed as us in building a flourishing future for all, right here in Hong Kong.           At last count, over 640 UK companies call Hong Kong home. And it’s reassuring to tell you that Hong Kong and UK companies like to do business together. Last year, our bilateral merchandise trade was up a whopping 19 per cent, year on year, and reached nearly HK$130 billion.           Yes, Hong Kong has all along been a key export market for the UK. In the decade between 2014 and 2023, the value of UK exports to Hong Kong grew nearly 100 per cent, to GBP15.7 billion.           Our trade in services are just as vibrant. In 2022, the UK was Hong Kong’s third-largest services trading partner.           And, of course, we like to invest in each other’s economies and companies. In 2021, Hong Kong was the sixth-most popular destination for foreign direct investment from the UK, with a total value of GBP77.6 billion. That accounted for 4.4 per cent of the UK’s total outward FDI stock. Hong Kong, in 2021, was the second-largest Asian investor in the UK, with FDI stock worth GBP16.3 billion.           Hong Kong’s selling card, our great and enduring strength over the years, is our openness to trade and business, our eagerness to connect – with the UK and a world of companies and economies.           “One country, two systems” makes it happen. This unique principle allows Hong Kong to enjoy the wealth of opportunities our country presents, while taking full advantage of our dominant role as the multilevel bridge between the Mainland and the rest of the world.           It ensures that Hong Kong’s robust rule of law, as well as our continuous practice of the common law system, one that resembles that of the UK and many major global financial centres. It also helps to maintain our simple and low tax regime, world-class infrastructure, and international connectivity.           That’s probably why in the latest World Competitiveness Yearbook, published by the International Institute for Management Development, Hong Kong ranked fifth globally. We came first in the world in “international trade” and “business legislation”, and was also among the global top five in “tax policy”, “international investment”, “basic infrastructure”, “finance” and “education”.           As a global powerhouse city, Hong Kong will never stop expanding its business and trade networks. These include our well-established partners among developed economies, as well as new and budding ones.           The 10 Member States of ASEAN – the Association of Southeast Asian Nations – is one of our pre-eminent partners. For more than a decade now, ASEAN has been our second-largest merchandise trade entity. Investment between us is also buoyant. Indeed, Hong Kong is ASEAN’s fourth-largest source of inward direct investment.           It helps, of course, that the free trade agreement and investment agreement between us has been in full force now for three years.           It helps, too, that I have been to seven ASEAN countries since I assumed office just over two years ago. My latest visit, in July, to Laos, Cambodia and Vietnam, resulted in 55 MOUs and related agreements. They will expand our co-operation in trade and investment, as well as finance, technology, logistics and a good many other areas, too.           Our ties with the Middle East have also burgeoned following my visit to the region in February last year.           This past week, Saudi Arabia gave its approval for the first exchange-traded fund, or ETF, investing in Hong Kong equities to be listed on its stock exchange. That’s an encouraging development for investors, too.           Last November, HKEX, and investors, welcomed the listing of Asia-Pacific’s first ETF to track Saudi Arabian equities, allowing local and global investors to invest in the Saudi stock market through Hong Kong. This mutually rewarding co-operation is a boost for Hong Kong’s ETF market and the global connectivity of our financial services sector.           We look, too, to other cities in the Guangdong-Hong Kong-Macao Greater Bay Area for connectivity, for long-term opportunity powered by innovation and technology. I’m sure you’ve heard as much at the panel discussion just now.           The Greater Bay Area, as you will be well aware, brings together Hong Kong, Macao and nine cities in Guangdong province. It counts a population of over 86 million people. Its GDP amounted to nearly US$2 trillion last year, rivalling the world’s 10th largest economy.           More than an enormous consumer market, the Greater Bay Area is fast becoming an innovation and technology hub. This year’s Global Innovation Index ranked the Shenzhen-Hong Kong-Guangzhou cluster second in the world, for the fifth year in a row.           That only underlines the huge potential for I&T development in the Greater Bay Area – and in Hong Kong, China’s most international city as you all know. Hong Kong is the only Asian city that has as many as five universities in the world’s top 100, and boast world-class capabilities in research, a robust intellectual property rights protection system, and an established international business environment. Hong Kong has what it takes to play a pivotal role in the region’s rise as an I&T hub.           The Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop, situated right next to our boundary with Shenzhen, is central to that future. This Hong Kong Park, of 87 hectares in area, together with a 300-hectare Shenzhen Park, will form the Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone. It straddles our geographical boundary with the Mainland and will propel the region’s I&T growth.           The Hong Kong Park’s first three buildings, I’m pleased to say, are expected to complete, gradually, from the end of this year.           The Park’s first phase, a total floor area of up to one million square metres, will focus on a number of I&T areas, including life and health technology, AI, advanced manufacturing and industry, academic and research sectors.           That, of course, will demand technology specialists. A continuing flow of strategic talent of every kind, at every level.           We’re working on that, too. And, according to the International Institute for M
    anagement Development and its 2024 World Talent Ranking, we’re well on our way.           In the latest World Talent Ranking, published just last week, Hong Kong’s ranking rose to ninth, overall – up considerably from 16th last year. That’s also the first time we were back to the ranking’s top 10 since 2016.           And I’m delighted to say that Hong Kong topped the ranking in the percentage of graduates in sciences.           We’re making notable progress, too, in enticing talent to turn to Hong Kong for their future.           As at the end of last month, we have received more than 360 000 applications under our various enhanced talent admission programmes, launched in the end of 2022. Nearly 230 000 applications have been approved, and more than 150 000 professionals have already arrived in Hong Kong, many with their families.           The schemes are popular among our friends from the UK, I’m glad to add. Some 4 100 of these approved applicants are UK nationals. That’s a blessing. For our new Top Talent Pass Scheme, which targets graduates from the world’s best universities and high-income earners, about 7 per cent of the admitted top graduates are from British universities.           And our Working Holiday Scheme with the UK, which celebrates its 10th anniversary this year, has also strengthened our youth ties. At last count, nearly 11 000 young people from Hong Kong and the UK have been granted visas to work, while holidaying, in each other’s places over the past decade.           More than our people-to-people bond, the young and talented professionals joining Hong Kong will boost our labour force. Good news for the economy. For business. For you as well.           Getting, and keeping, talent is, of course, a work in progress, as is the Hong Kong economy. I’ll have more to say on that, and much more, next month, in my annual Policy Address.           And my thanks to BritCham for its Policy Address submission, which I received in early August. I am grateful for your considered thoughts on how Hong Kong can boost its standing as an international trade and finance centre, how we can build our technology and innovation capabilities, take our place as an international talent hub and a good deal more.           I look forward to your continuing co-operation – the excellent work your Chamber is doing for our economy and our community.           On our community, I understand a cheering section from the Chamber will be in London for the upcoming Hong Kong Dinner. This annual gathering is one of the many deep-rooted traditions that have long defined, and distinguished, the abiding ties between our two economies and peoples.           Ladies and gentlemen, I wish you the best of business, health and happiness in the coming year. And, for those of you flying off to London this week, I wish you a memorable Hong Kong Dinner, brimful of the good stories of Hong Kong, a global powerhouse city.           Thank you.

     
    Ends/Tuesday, September 24, 2024Issued at HKT 17:36

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    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: BSTDB Builds Up Partnership with OCN Microinvest S.R.L. to Boost Moldova’s Real Economy and Green Financing

    Source: Black Sea Trade and Development Bank

    Press Release | 24-Sep-2024

    New Credit Line to Support Small Businesses and Green Projects

    To bolster economic activity and promote green financing in Moldova, the Black Sea Trade and Development Bank (BSTDB) has announced a new partnership with OCN Microinvest S.R.L., the leading microfinance company in the country. Under this partnership, BSTDB will provide a credit line of up to EUR 10 million, aimed at enhancing financial access for small businesses and supporting the real economy in Moldova.

    OCN Microinvest S.R.L. will on-lend the funds offered by BSTDB to micro, small, and medium-sized enterprises (MSMEs) to support their activities and growth. A portion of these funds will be specifically allocated for green financing initiatives, including energy and resource efficiency, green energy and low-carbon technologies.

    Signing the loan agreement, Dr. Serhat Köksal, BSTDB President, said: “Developing strategic partnerships with leading financial institutions in our member countries is crucial for fulfilling our mandate, particularly when direct outreach to end users is not feasible. Access to finance for micro, small, and medium enterprises is vital for sustainable and inclusive growth in Moldova. In alignment with our Climate Strategy, we are pleased to see that a portion of our loan will be dedicated to financing green activities, thereby contributing effectively to the decarbonization of the Moldovan economy.”

    Dumitru Svinarenco, CEO of OCN Microinvest SRL: “This new partnership with the Black Sea Trade and Development Bank is a testament to our shared commitment to fostering Moldova’s economic resilience and environmental sustainability. The EUR 10 million credit line will provide a much-needed boost to the country’s MSMEs, helping them to scale and adapt in a challenging economic landscape. Moreover, the focus on green financing aligns perfectly with Microinvest’s strategy to encourage more businesses to embrace energy efficiency and sustainable practices. We are proud to be working with BSTDB to support not only the growth of small businesses but also the broader transition to a greener economy in Moldova.”

    O.C.N. Microinvest S.R.L.  was established in 2003 as a microfinance limited liability company in Moldova. The company has a solid shareholding structure, comprising reputable foreign and local non-profit and developmental financial institutions. The company’s activity focuses on lending to individuals and micro, small and medium size enterprises.

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

    Contact: Haroula Christodoulou

    Phone: +30 2310 290533

    : @BSTDB

    MIL OSI Economics –

  • MIL-OSI Video: World Bank’s Fund for Low-Income Countries – Press Conference | United Nations

    Source: United Nations (Video News)

    The Prime Minister of Denmark, Mette Frederiksen, and World Bank Group President Ajay Banga briefed reporters today (23 Sep) on the Denmark’s support for the World Bank’s Fund for Low-Income Countries.

    Prime Minister Frederiksen previously announced at the United Nations’ Summit of the Future, that Denmark has pledged approximately $491.7 million to the World Bank’s fund for the poorest countries, making it a 40 per cent increase over the country’s previous contribution.

    Speaking to journalists, Frederiksen reiterated Denmark’s commitment, stating, “you can count on Denmark, both when it comes to the concrete and necessary tasks, but also in supporting the reforms. And I think it’s not only necessary for the countries who are in need of it, but it’s also necessary if we want to stick together as one world.”

    World Bank President Ajay Banga echoed the need for action. He said, “we can, frankly, we must, help to chart a course towards that brighter future,” emphasizing that the starting point lies in supporting initiatives like the International Development Association and leveraging the World Bank’s knowledge.

    https://www.youtube.com/watch?v=j6YVT_R7vXU

    MIL OSI Video –

  • MIL-OSI Europe: Answer to a written question – Mandatory Disclosure Regime (MDR) in the light of rulings from the CJEU and EU Member State courts – E-001469/2024(ASW)

    Source: European Parliament

    The Council already amended the Council Directive (EU) 2018/822[1] (DAC6) provisions concerned in Directive 2011/16/EU in October 2023[2] to address the ruling of the Court of Justice of the European Union in Case C-694/20.

    In its latest judgment of 29 July 2024, the Court of Justice confirmed the validity of DAC6 (see C-623/22)[3] in light of the principles of equal treatment and non-discrimination, as well as Articles 20 and 21 of the Charter of Fundamental Rights.

    The Commission is also evaluating DAC6 as part of the broader evaluation process of Directive 2011/16/EU[4]. The public consultation was open until 31 July 2024.

    The European Court of Auditors has also started an audit covering DAC6 which should be finalised before 2025. The responses and further analysis on the functioning of the DAC framework will be assessed.

    • [1] https://eur-lex.europa.eu/eli/dir/2018/822/oj
    • [2] https://eur-lex.europa.eu/eli/dir/2023/2226/oj
    • [3] Judgment of 29 July 2024 in Case C-623/22, Belgian Association of Tax Lawyers and Others: https://curia.europa.eu/juris/documents.jsf?num=C-623/22
    • [4] http://data.europa.eu/eli/dir/2011/16/2024-01-01
    Last updated: 24 September 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Lifting the ban on electric pulse fishing in the light of new scientific findings – P-001786/2024

    Source: European Parliament

    Priority question for written answer  P-001786/2024
    to the Commission
    Rule 144
    Ton Diepeveen (PfE)

    The European Parliament decided in 2019 to ban electric pulse fishing. A number of scientific studies published since then show that that fishing technique is more sustainable than traditional methods such as beam trawling. For instance, electric pulse fishing reduces impact on seabed life, considerably lowers fishing vessels’ fuel consumption and results in less bycatch.

    Studies by Wageningen Marine Research in 2020 and the ICES Working Group on Electrical Trawling (WGELECTRA) in 2024.

    ICES Scientific Reports. 2024. Working Group on Electrical Trawling (WGELECTRA; outputs from 2023 meeting). Volume 6 | Issue 67 (p. Vii-viii) show that electric pulse fishing causes considerably less environmental harm than traditional fishing methods.

    Wageningen University & Research. 2020. The Implications of a Transition from Tickler Chain to Pulse Trawling (p. 10-11).

    In this connection:

    • 1.Is the Commission aware of the content of the scientific studies cited in the introduction? If not, why not?
    • 2.Does the Commission agree with the main conclusions of both reports, including the fact that electric pulse fishing reduces impact on seabed life, lowers fuel consumption and results in less by-catch? If not, why not?
    • 3.Why has the Commission not yet lifted the ban on electric pulse fishing?

    Submitted: 23.9.2024

    Last updated: 24 September 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Latest news – Next meeting – Committee on Fisheries

    Source: European Parliament

    The next PECH meeting will take place on Monday 30 September 2024 from 15:00 to 18:30 in Brussels.

    Source : © European Union, 2024 – EP

    MIL OSI Europe News –

  • MIL-OSI Europe: Ministerial Discussion on the Protection of Humanitarian Personnel

    Source: Switzerland – Department of Foreign Affairs in English

    New York, 23.09.2024 – Address by Federal Councillor Ignazio Cassis, Head of the Federal Department of Foreign Affairs (FDFA) – Check against delivery

    Excellencies, Ladies and Gentlemen,

    This ministerial discussion occurs amid a concerning global backdrop, with over 120 armed conflicts ongoing worldwide.

    As a result, millions of people require humanitarian aid and protection, while humanitarian and UN personnel face growing threats, often becoming targets of attacks.

    Switzerland is alarmed by the rising violence against humanitarian workers, which is sometimes deliberately directed at them.

    A concrete step was taken in May: my country introduced Security Council resolution 2730 on the protection of humanitarian and UN personnel, addressing this alarming trend. The resolution was adopted with the support of 98 UN Member States. I extend my thanks to all these States, especially Brazil for its initial work on the resolution.

    This resolution is crucial for three reasons:

    1. It reaffirms the obligations of States and parties in armed conflicts to respect and protect humanitarian and UN personnel, including national and local staff.

    2. It condemns attacks on these personnel and urges States to ensure accountability for related violations.

    3. It mandates the Secretary-General to submit recommendations to the Security Council within six months to prevent and address such attacks and combat impunity.

    These recommendations focus on concrete actions. They are currently being prepared, and we look forward to receiving them in November.

    Excellencies

    Humanitarian personnel are a lifeline for millions of civilians worldwide, risking their lives daily to assist and protect those affected by armed conflict.

    We must safeguard their ability to carry out this vital work and reaffirm our commitment to their protection.

    With so many conflicts raging and civilians suffering so much, we must step up our efforts to ensure respect for international humanitarian law and strengthen the political will to build a more humane world.

    Thank you.

    Address for enquiries

    FDFA Communication
    Federal Palace West Wing
    CH-3003 Bern, Switzerland
    Tel. Press service: +41 58 460 55 55
    E-mail: kommunikation@eda.admin.ch
    Twitter: @SwissMFA

    Publisher

    Federal Department of Foreign Affairs
    https://www.eda.admin.ch/eda/en/home.html

    MIL OSI Europe News –

  • MIL-OSI Europe: Seed capital and (more) customers for Empa spin-off: Solar cells for the Internet of Things

    Source: Switzerland – Federal Administration in English

    Dübendorf, St. Gallen und Thun, 24.09.2024 – Perovskia Solar has won more than ten leading companies from the Internet of Things (IoT) industry as customers and received over two million Swiss francs in seed capital. The multi-award-winning Empa spin-off prints customized solar cells for almost any electronic device. These can be produced cost-effectively – and even work indoors.

    Every person owns an average of seven electronic devices. Hence there are several billion devices in use worldwide – and with the Internet of Things (IoT), the number is growing all the time. These need to be charged regularly, or their batteries need to be replaced. The Empa spin-off Perovskia Solar has therefore specialized in custom-made solar cells for all conceivable electronic devices – and successfully so: It has acquired more than ten leading companies from the Internet of Things (IoT) industry as new customers and has now received over two million Swiss francs from an international coalition of business angels and early-stage funds. “Energy harvesting for IoT devices is a rapidly growing market with a potential of several billion dollars,” said Anand Verma, founder and Chief Executive Officer (CEO) of the Empa spin-off. “Our easy-to-integrate designer solar cells either eliminate the need for batteries or extend their lifespan, opening up the possibility of powering any device with solar energy.”

    Solar cells from the printer

    The multi-award-winning Empa spin-off has launched the first perovskite solar cells on the market that can be used in smartwatches, keyboards and the like. Conventional silicon solar cells are complex and expensive to produce on a customized basis and are inefficient in poor lighting conditions. “We can print innovative perovskite solar cells in any size – and at low cost. With their high efficiency, they can power almost any indoor electronic device in bright home and office lighting,” says Verma.

    “Our energy harvesting technology has been developed over several years at Empa, which has enabled us to launch a market-ready product that powers next-generation devices for industrial and residential applications,” adds Tobias Meyer, founder and Chief Technology Officer (CTO) of Perovskia. Perovskites have excellent properties: They absorb light particularly efficiently and conduct the generated electricity well. Until now, however, perovskite-based solar cells were not stable enough and not durable enough for large-scale use. Anand Verma therefore spent five years at Empa researching printing processes for perovskite solar cells before setting up the company in 2020.

    A new factory and international support

    Perovskia Solar now supplies several international companies with customized solar cells for IoT applications and for consumer electronics devices. The Empa spin-off is now supported by Kickfund from Venture Kick and the venture capital company D&FG Elements as well as an international coalition of business angels led by Nils Hagander and Beda Rohner. “With a market-leading product, Perovskia is ideally positioned to drive the next generation of IoT devices for consumers and industry,” says Hagander, entrepreneur and investor in technology and service companies.

    The Empa spin-off recently set up a factory in Aubonne in the canton of Vaud. One million perovskite elements are to be printed there every year.

    Address for enquiries

    Manuel Martin
    Communications
    Phone +41 58 765 4454
    redaktion@empa.ch

    Publisher

    Federal Laboratory for Materials Testing and Research
    http://www.empa.ch

    MIL OSI Europe News –

  • MIL-OSI Europe: France: EIB and European Commission provide €276 million in support for Métropole Européenne de Lille’s investments in sustainable mobility

    Source: European Investment Bank

    • Métropole Européenne de Lille is receiving a €245 million green loan from the EIB to back its modernisation and urban transport projects.
    • This financing comes together with a €31.5 million grant from the European Commission via the public sector loan facility (PSLF) set up under the European Green Deal’s Just Transition Mechanism (JTM).
    • This joint blended financing support from the EIB and European Commission will unlock additional investment for public entities in the European regions most affected by the energy transition.

    Métropole Européenne de Lille (Lille metropolitan authority) has taken out a €245 million green loan with the European Investment Bank (EIB) to fund its public transport network and cycle routes. It aims to provide 1.2 million local residents with more efficient, affordable and environmentally friendly transport services.

    This project is also benefiting from a €31.5 million European Commission grant under a blended financing structure made possible by the public sector loan facility (PSLF), which is one of the key pillars of the Just Transition Mechanism (JTM) set up under the European Green Deal. The European Climate, Infrastructure and Environment Executive Agency (CINEA) will manage this grant and monitor the implementation of the project.

    The Mel in Green Mobility project will provide funding for various segments of Métropole Européenne de Lille’s public transport infrastructure. The first part of the project covers the modernisation of the public transport fleet, including the renewal of 30 trams and 42 buses with new clean vehicles. It also features investments in platforms, depots and other related facilities. Lastly, the project supports the Métropole’s ambitious cycling plan including 220 km of additional infrastructure between 2023 and 2027 to improve safety for cyclists, the financing of a new bus rapid transit line, and the construction of a multimodal interchange hub.

    It thereby aims to accelerate changes in user behaviour by developing a more efficient and sustainable mobility service, improving public transport accessibility and broadening soft mobility options. Once complete, the project will have improved tram and bus network performance, promoted intermodality (reduction in the share of private vehicles from 56% in 2023 to 40% in 2035) and diversified public transport in the area. This increased network efficiency will ultimately result in substantial time savings on the 410 000 daily journeys made by users, fewer traffic jams and better access to the Métropole Européenne de Lille.

    The regions most affected by the energy transition (like Hauts-de-France) are identified in the territorial just transition plans. These plans are drawn up by each EU Member State and outline the challenges to be addressed in each just transition region, together with the development needs and targets to be reached by 2030.

    Background information

    About the EIB

    The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its 27 Member States. It provides loans to the public and private sectors for sound investment contributing to EU policy goals. In 2023, France received more EIB financing for the energy and green transition than any other country, with an overall investment of €6.9 billion for renewable energy, clean mobility and energy efficiency. A partner of regional authorities, last year the EIB directed €2.3 billion in funding to rail and urban public transport and soft mobility, making it the number one sector in terms of EIB investment in France over the year.

    About the European Commission’s Just Transition Mechanism

    The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism (JTM) – a key tool of the European Green Deal investment plan to make sure that no one and no region is left behind in the transition to a climate-neutral economy.

    The public sector loan facility combines loans from the EIB (up to around €6 billion to €8 billion overall) and grants from the European Commission (up to €1.3 billion overall). The combined support is designed to mobilise additional investment for public sector entities in the European regions most affected by the climate and energy transition (like Hauts-de-France), as identified in the national territorial just transition plans, to meet their development needs as part of the transition to a climate-neutral economy. These plans are developed by each EU Member State and set out the challenges in each just transition region, along with the development needs and objectives to be met by 2030.

    The blend of the EIB loan and the European Commission grant will facilitate the financing of projects that do not generate sufficient revenue streams to cover their investment costs. The implementation of the public sector loan facility is managed by the European Climate, Infrastructure and Environment Executive Agency (CINEA).

    About Métropole Européenne de Lille

    Métropole Européenne de Lille works every day to serve its 95 member municipalities and 1.2 million residents. It covers the key areas of transport, housing, economy, public space and roadways, urban planning, urban policy, water, wastewater, household waste, disability access, nature and living environment, sport, tourism and crematoria. Chaired by Damien Castelain since 18 April 2014, the Metropolitan Council is composed of 184 members elected by direct universal suffrage for a six-year mandate.

    MIL OSI Europe News –

  • MIL-OSI Banking: Web tracking report: who monitored users’ online activities in 2023–2024 the most

    Source: Securelist – Kaspersky

    Headline: Web tracking report: who monitored users’ online activities in 2023–2024 the most

    Web tracking has become a pervasive aspect of our online experience. Whether we’re browsing social media, playing video games, shopping for products, or simply reading news articles, trackers are silently monitoring our online behavior, fueling the ceaseless hum of countless data centers worldwide. In this article, we’re going to explore various types of web trackers and present a detailed annual report that dissects their geographical distribution and organizational affiliations.

    What is web tracking?

    Web tracking is the practice of collecting, storing, and analyzing data about users’ online behavior. This data can include demographics, website visits, time spent on sites, and interactions like clicks, scrolls, and mouse pointer hovers that can be leveraged for creating heatmaps, etc. The primary goal of web tracking is to gain valuable insights into user behavior, preferences, and interests. This information allows businesses to personalize experiences, improve user engagement, target advertising more efficiently, and measure the performance of their online services.

    Types of web tracking

    Web tracking can be classified into several categories based on the methods and technologies employed:

    Cookies

    Cookies are small text files that websites place on a user’s device to store information about their visits, such as login credentials, preferences, and tracking identifiers. Despite a commendable commitment to enhance online privacy, primarily Google’s Privacy Sandbox project, Kaspersky experts anticipate that third-party cookies will persist for long time yet. In fact, even as we were processing the data to write this report, Antonio Chavez, Vice President of Privacy Sandbox, announced an intention to reconsider the plan of third-party cookies deprecation.

    Web beacons

    Also known as web bugs or tracking pixels, web beacons are transparent images — typically lines or 1×1 pixels — that send a lot of tracking data, usually via a query string. When a user accesses the content, the web beacon sends data back to the server. This allows businesses to track user interactions without requiring additional action from the user.

    Social media tracking

    Many websites embed social media buttons that help users to share content easily. However, these innocuous buttons often come with tracking capabilities. Even if the user does not engage with the social media site directly, these platforms still collect data on their online behavior.

    Web analytics

    Services like Google Analytics offer a deep dive into user engagement on websites. These tools track a wide range of metrics, from page views and bounce rates to conversion rates, empowering businesses to understand user behavior and optimize website performance.

    Fingerprinting

    Device fingerprinting is a tracking technique that identifies users by collecting unique information about their device and browser settings. This includes details like screen resolution, operating system, installed plugins, and browser language. This creates a unique “fingerprint” that can identify the user across different websites, even without cookies.

    Statistics collection principles

    For this report, we used anonymous statistics collected from July 2023 to June 2024 inclusive, by the Do Not Track (DNT) component, which prevents the loading of tracking elements that track user actions on websites. The statistics consist of anonymized data provided by users voluntarily.

    Even the most experienced users often make the mistake to confuse DNT features with the built-in “incognito mode” offered by all leading web browsers. Incognito mode only ensures that all your data like browsing history and cookies is cleared after you close the private window. However, it does not prevent websites from tracking your activities within that session. It also does not make you anonymous to your internet service provider (ISP) or protect you from adware or spyware that might be tracking your online behavior, cryptominers, or worse.

    Over the year, the DNT component was triggered 38,725,551,855 times. We have compiled a list of 25 tracking services that DNT detected most frequently across nine regions and certain individual countries. 100% represents the total number of DNT detections triggered by all 25 tracking services.

    The DNT component is included in all Kaspersky security solutions and is disabled by default.

    Global tracker giants

    Eight tracking systems appeared in almost all of the TOP 25 lists for the regions we studied. Four of these belong to Google. Besides these, we will look at two other tracking systems which were also widely represented across almost all regions: New Relic and Microsoft.

    In addition, two other systems – Criteo and Facebook Custom Audiences – also made it into the TOP 25 for all regions, but we’ve already covered them in previous articles.

    Google

    Google has several tracking systems responsible for various but often overlapping areas of marketing, advertising, and other fields involving the collection, analysis, and interpretation of user data.

    Google Display & Video 360 is a tool for managing advertising campaigns. Its trackers monitor advertising-related activities (clicks, technical metrics of ads, and so on). This system had the largest share among the TOP 25 tracking systems in Asia. In South Asia, it accounted for 25.47% of DNT component triggers, and in East Asia – 24.45%. The smallest share of this tracking system was in the CIS (Commonwealth of Independent States) – just 8.38%, as this region features a strong presence of local tracking systems, which we will discuss later.

    The share of DNT triggers for Google Display & Video 360 trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    Compared to our previous report, covering the period from August 2021 to August 2022, the presence of Google Display & Video 360 slightly increased in East Asia and the CIS, while it decreased in other regions.

    The second frequently encountered tracking system is Google Analytics. This system analyzes user behavior and tracks keywords to enhance website traffic and efficiency. Its largest share is in Latin America – 14.89%, followed by the Middle East at 14.12%. The lowest share of these trackers in our statistics is in North America – 8.42%.

    The share of DNT triggers for Google Analytics trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    Just like the previous system, Google Analytics slightly increased its share in East Asia (up to 13.83%) and the CIS (9.36%), while decreasing in other regions.

    Trackers from Google AdSense, like Google Display & Video 360, monitor advertising activity and provide reports to website owners. This tracking system has its largest share in the Middle East (6.91%) and South Asia (6.85%). The smallest shares are in Oceania (3.76%) and the CIS (2.30%).

    The share of DNT triggers for Google AdSense trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    In almost all regions, the share for this tracking system increased. It’s worth noting that while some of these tracking systems reduced their presence in certain regions and others increased, they all belong to the same company – Google. Thus, user tracking by Google remains extensive, far exceeding other companies.

    Another significant Google tracking system is YouTube Analytics. It gathers information about video views and audience engagement, measures engagement levels, and more. YouTube Analytics holds the largest share in South Asia (12.71%) and the Middle East (12.30%), and the smallest in Europe (5.65%) and North America (4.56%).

    The share of DNT triggers for YouTube Analytics trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    Compared to other Google tracking systems, YouTube Analytics has notably increased its share in all regions.

    New Relic

    The share of DNT triggers for New Relic trackers in each region, July 2023 — June 2024 (download)

    The San Francisco-based New Relic appeared for the first time in our list of global giants present in all regions. Its activity is focused on web tracking for subsequent performance analysis and the detection of website and application errors. The largest share of this tracking system is in Oceania – 15.79%, and the smallest in the CIS – 1.96%.

    Bing and Microsoft Corporation

    The share of DNT triggers for Microsoft Corporation trackers in each region, July 2023 — June 2024 (download)

    Microsoft trackers collect information about user interactions with its online services and other sites. This data is used to optimize service performance, find errors, and more. While this tracking system has a relatively small share, it is present in all regional TOP 25 lists. Microsoft Corporation largest share is in Latin America – 3.38%, and the smallest in the CIS – 0.68%.

    We studied Bing as a separate tracking system, although it is actually part of Microsoft.

    The share of DNT triggers for Bing trackers in each region, July 2023 — June 2024 (download)

    Bing is a full-fledged search engine. Its trackers collect information on search queries, location, and user preferences to display relevant ads – classic search engine functionality. It can be assumed that the share of Bing’s tracking system in various regions indicates the popularity of the search engine itself. A notable share of Bing trackers among the TOP 25 was in Africa – 8.46%, and the smallest in the CIS – 0.77%.

    Regional statistics

    Europe

    Distribution of the TOP 25 tracking systems in Europe, July 2023 — June 2024 (download)

    In the European region, Google tracking systems occupy the top two positions in the TOP 25. Google Display & Video 360 accounts for 17.27%, while Google Analytics holds 11.93%. In third place, with a 9.13% share, is Amazon Technologies. Fourth is Criteo with 6.80%, followed by YouTube Analytics (5.65%), Bing (5.33%), and Google AdSense (5.23%).

    In addition to the tracking systems that are in the TOP 25 of other regions, there is one company in the European ranking not found anywhere else: Improve Digital, a Dutch company that deals with advertising and marketing projects. It closes the TOP 25 with a small share of 1.22%. Next, we’ll look at regions and even countries where the tracking system rankings contain far more names not found in any other region.

    Africa

    Distribution of the TOP 25 tracking systems in Africa, July 2023 — June 2024 (download)

    In Africa, Google trackers occupy the top three spots, with Google Display & Video 360 leading at 19.03%. By the way, only one region and one country among those we examined do not have Google tracking systems in the top position; in nearly all other regions, Google Display & Video 360 leads the rankings, occasionally being surpassed by Google Analytics. In second and third place in the African region are Google Analytics (12.94%) and YouTube Analytics (10.25%). Following them are the aforementioned New Relic (8.55%), Bing (8.46%), Google AdSense (5.11%), Criteo (3.40%), and Xandr (3.17%) – a company owned by Microsoft that focuses on advertising and analytics. The African TOP 25 doesn’t contain any unique tracking systems that can’t be found in other regions.

    Middle East

    Distribution of the TOP 25 tracking systems in the Middle East (excluding Iran), July 2023 — June 2024 (download)

    The top four most widespread tracking systems in the Middle East belong to Google: Google Display & Video 360 (22.92%), Google Analytics (14.12%), YouTube Analytics (12.30%), and Google AdSense (6.91%). Next are Criteo (6.55%), New Relic (4.42%), Bing (2.66%), and Amazon Technologies (2.37%).

    In 19th place, with a small share of 1.42%, are trackers from the Turkish advertising company Virgul.com, unique to this region.

    Distribution of the TOP 25 tracking systems in Iran, July 2023 — June 2024 (download)

    In the Middle East, there is one country worth considering separately due to the significant number of tracking systems that are not found in other rankings – Iran. Despite the presence of numerous local trackers, Google still takes the top spot. However, not with Google Display & Video 360, which ranks third at 11.35%, but rather with Google Analytics at 35.78%, the highest for this system across all the regions and countries we reviewed. In second place are Microsoft Corporation trackers (12.08%), and in fourth is Yandex.Metrica (4.90%). The latter is a division of the Russian company Yandex, responsible for user data collection and analysis for advertising and marketing services, such as analyzing audiences and their behavior. Following Yandex is the local Tehran-based company Yektan (4.52%), which collects and analyzes data for advertising services. Another local Iranian company in the TOP 25 is the internet advertising agency SabaVision (1.55%).

    In addition to these domestic trackers, Iran’s TOP 25 also includes some that appear only in this country but which are not Iranian in origin. These include Tradingview.com (1.84%), an American company collecting telemetry, Amplitude (1.46%), a digital analytics company, Heap (1.18%), a product optimization platform, and Webklipper Technologies (0.96%), which specializes in internet marketing.

    Latin America

    Distribution of the TOP 25 tracking systems in Latin America, July 2023 — June 2024 (download)

    The TOP 25 tracking systems most frequently detected in Latin America contain no local companies. Google Display & Video 360 ranks first with 20.13%, followed by Google Analytics (14.89%) and YouTube Analytics (8.89%). The TOP 25 is completed by PubMatic (1.08%), a company providing software for internet advertising. While it appears in many TOP 25 rankings, its share is minimal.

    North America

    Distribution of the TOP 25 tracking systems in North America, July 2023 — June 2024 (download)

    In North America, Google Display & Video 360 leads the TOP 25 with a significant margin, holding 16.84%. Amazon Technologies comes second with 9.08%. Interestingly, Amazon Technologies trackers appear in the TOP 3 only in three regions or countries we considered: Europe, North America, and Japan. In third place is Google Analytics with 8.42%, which is the lowest share for this system in any of the regions examined. New Relic comes in fourth with 7.62%.

    The North American TOP 25 includes two tracking systems not seen in other regions: The Trade Desk (1.79%) and Quantum Metric (1.76%), both American companies providing platforms for digital analytics and advertising.

    Oceania

    Distribution of the TOP 25 tracking systems in Oceania, July 2023 — June 2024 (download)

    In Oceania, Google Display & Video 360 (18.43%) ranks first, and New Relic, with a 15.79% share, takes second, marking the highest percentage for this tracking system among all the regions and countries examined. Google Analytics is in third place with 12.00%. In addition to the trackers found in most regions, Oceania features Oracle Moat Measurement (2.10%), Chartbeat (1.11%), and Nielsen (1.03%), which appear only in this region’s ranking. Chartbeat is an American company that collects and analyzes user data for media companies to improve monetization. Nielsen is an American company specializing in market measurement, collecting and analyzing user data for this purpose. Oracle Moat Measurement is the advertising division of Oracle, which will cease operations on September 30, 2024. Oracle itself will exit the advertising market, so this is likely the last time we’ll see this tracking system in our research.

    The CIS

    Distribution of the TOP 25 tracking systems in the CIS (excluding Russia), July 2023 — June 2024 (download)

    The CIS region is the most unusual in terms of the distribution of the TOP 25 tracking systems. This is the only region where Google trackers do not occupy the top two spots, ranking third (Google Analytics) with a relatively small share of 9.30% or lower. The first place is held by Yandex.Metrica trackers with 26.19%. As mentioned earlier, Yandex system not only made the TOP 25 in the CIS but was also seen in the Iranian ranking (fourth place at 4.90%), the Middle East (2.30%), and of course, Russia, where it holds first place with a 26.43% share.

    In second place in the CIS ranking is the tracking system from Mail.ru (owned by the VK corporation) with a share of 20.76%. In addition to these two giants in the CIS tracking market, several other local tracking systems also made it into the TOP 25. Right after the three Google systems – Google Analytics (9.30%), YouTube Analytics (8.34%), and Google Display & Video 360 (8.33%) – the tracking system of the local company Mediascope had 2.82%. Mediascope focuses on audience preference and behavior research. Also included in the TOP 25 of the CIS are developments from the following Russian companies: Adriver (2.75%), Buzzoola (2.02%), AdFox, owned by Yandex (1.69%), Rambler Internet Holdings (1.46%), Sape.ru (1.42%), Artificial Computation Intelligence (1.33%), Between Digital (1.01%), Otm (0.99%), Adx.com.ru (0.93%). In total, Russian tracking systems account for 63.35% of the overall CIS ranking.

    Distribution of TOP 25 tracking systems in Russia, July 2023 — June 2024 (download)

    In Russia, the TOP 5 is occupied by domestic tracking systems: Yandex.Metrica (26.43%), Mail.Ru (16.60%), Mediascope (6.16%), Sape.ru (4.89%) and Artificial Computation Intelligence (4.80%). Google AdSense only ranks sixth with a 4.50% share. In addition to the trackers seen in the CIS TOP 25, the Russian ranking features an even larger number of Russian tracking services: VK (2.09%), Uniontraff (1.79%), Bidvol (1.16%), Teleport Media (0.97%), Avito (0.87%), MoeVideo (0.79%), GetIntent (0.62%), AmberData (0.59%), Kimberlite.io (0.59%) and Bumlam.com (0.56%).

    The share of Russian tracking systems in the TOP 25 amounts to 87.50%. This makes Russia the only region where the overwhelming majority of the TOP 25 tracking systems are local players.

    East Asia

    Distribution of the TOP 25 tracking systems in East Asia (excluding Japan and South Korea), July 2023 — June 2024 (download)

    The top four positions in East Asia are occupied by Google tracking systems. Google Display & Video 360 is in first place with a share of 24.45%, followed by Google Analytics (13.83%), YouTube Analytics (11.66%), and Google AdSense (6.61%). Unlike other regions, the tracking system of the major Chinese IT company Baidu made the TOP 25 in East Asia with a share of 1.87%.

    There are also countries in the region that are worth considering separately, as they feature not only global tracking systems but also local players.

    Distribution of the TOP 25 tracking systems in Japan, July 2023 — June 2024 (download)

    In addition to global companies whose tracking services are observed around the world, in Japan there are trackers only popular within the country. The Yahoo! Japan web portal is widely used, with its trackers accounting for 4.70%. Yahoo Advertising, the digital advertising division of Yahoo, holds a share of 2.35%.

    Local Japanese tracking systems are also well-represented in Japan’s TOP 25, including Geniee (2.77%), Adsp from the Japanese company SMN Corporation (1.35%), MicroAd (1.18%), Supership (1.05%), and LINE Corporation (1.04%). The total share of Japanese companies in the TOP 25 tracking systems is 12.08%.

    Distribution of the TOP 25 tracking systems in South Korea, July 2023 — June 2024 (download)

    The TOP 25 in South Korea also differs from other global rankings, as it includes local Korean trackers. For example, the tracking systems of the highly popular Korean online platform NAVER rank fifth with 7.75%. Another major local player, Kakao, appears twice in the rankings: Kakao trackers are in ninth place with a 1.83% share, while trackers from the web portal Daum (owned by Kakao Corporation) hold a 1.17% share.

    South Asia

    Distribution of the TOP 25 tracking systems in South Asia, July 2023 — June 2024 (download)

    The last region under review is South Asia. The ranking here is fairly typical in terms of the global statistics. Google Display & Video 360 takes first place with 25.47%, followed by Google Analytics (13.97%), YouTube Analytics (12.71%) and Google AdSense (6.85%). Only three American trackers made it into the TOP 25 in South Asia: Sovrn (1.24%), Mux (1.10%) and LinkedIn (1.02%).

    Takeaways

    Google remains the undisputed leader in collecting, analyzing, and processing user data globally. However, in regions like South Korea, Japan, and Russia – where local internet services are particularly advanced – regional tracking systems not only make it into the TOP 25 but can even prevail over global ones. In some cases, such as in the CIS, local trackers can even take over entire regions. On one hand, looking at the TOP 25, it’s clear that user data collection and analysis is not limited to just a few large companies – and the more companies store and process our data, the higher the risk of data breaches. On the other hand, the list of companies is still finite, and the majority of tracking is handled by IT giants, who are motivated to protect user data to avoid reputational damage. The presence of local trackers is undoubtedly a sign of technological development in a region or country. However, the spread of local tracking systems increases the risk of data leaks and can weaken the user’s sense of control over who collects their data. To prevent unwanted data collection by various companies and, in turn, prevent data leaks, we recommend activating the Do Not Track (DNT) plugin.

    MIL OSI Global Banks –

  • MIL-OSI Europe: WHO and multilateral development banks kick off US$ 1.5 billion primary health financing platform with new funds and launch of first investment plans in 15 countries

    Source: European Investment Bank

    Execution is starting under the new Health Impact Investment Platform on the first country health investment plans turning original commitment into operational reality. The landmark partnership between Multilateral Development Banks (MDBs), the World Health Organization (WHO) and low- and middle-income countries (LMICs) is addressing the critical need for coordinated efforts to strengthen primary healthcare (PHC) in vulnerable and underserved communities to build resilience against pandemic threats like mpox and the climate crisis.

    At the high-level roundtable meeting in New York on the margins of the UN Summit of the Future in New York today, new funding was signed, and it was agreed that the partners will sit down and start identifying needs and planning health care improvements in 15 countries*.

    The roundtable was attended by the partnership’s three founding MDBs – the African Development Bank (AfDB), the European Investment Bank (EIB), and the Islamic Development Bank (IDB) –,WHO and the heads of state, as well as finance and health ministers from Djibouti, Egypt and Ethiopia. The Asian Development Bank also attended the high-level meeting and announced their intention to join the Health Impact Investment Platform in order to expand the initiative into the regions where it operates.

    The EIB and WHO signed an initial contribution of € 10 million to kick start the implementation of these investment plans. The Islamic Development Bank and the African Development Bank are finalizing their contributions for the same amount that will be signed in the near future.

    The platform is a key part of an effort to unlock € 1.5 billion in concessional loans and grants to expand and improve primary health-care services in low- and middle-income countries, especially in the most vulnerable communities. The investment plans now being developed in these 15 countries, as a phase 1, are expected to make up a significant proportion of that financing effort.

    The platform aims to work in close partnership with governments to develop national health strategies focused on primary health care and on prioritizing investment opportunities that meet national health needs. Today’s kick-off comes one year after the platform was announced during the Summit for a New Global Financing Pact in Paris.

    Dr Ibrahima Sy, Minister of Health, Republic of Senegal said, “it’s important to bring in private sector, local communities and different forms of financing to drive health progress. The involvement of WHO, multilateral development banks and countries is critical to guiding the investments from this Platform to deliver primary health care on the ground and develop local vaccine manufacturing capacity.” 

    Dr Jane Ruth Aceng, Minister of Health of Uganda said, “I congratulate you for coming up with this very important platform. All our issues are actually based at primary health care level, whether it comes to disease outbreaks, whether it comes to health access, everything is at the primary health care level, and our diseases start there and end there.”

    “Primary health care is the most equitable, cost-effective and inclusive way to improve health and well-being, helping to keep people healthy, prevent diseases, and detect outbreaks at their earliest stage,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “The Health Impact Investment Platform will be a vital source of new financing to build climate and crisis-resilient primary health care in some of the countries that need it most. WHO thanks the multilateral development banks for their partnership, and we are committed to working closely with the countries to put these funds to work and start making a difference in the communities we serve.”

    Nadia Calviño, President of the European Investment Bank, said: “One year ago, we launched the Health Impact Investment Platform, and today we are taking the next steps with our contribution to help countries develop their tailored investment plans. Supporting primary health-care services is the foundation of strong communities. Working closely with fellow Multilateral Development Banks and partner countries, guided by the expertise of the World Health Organization, we are making a difference.”

    “The health security of the world is only as strong as its weakest part, and the new funds announced today will help countries improve primary healthcare, which is critical to stopping disease outbreaks in their tracks,” said Jutta Urpilainen, European Commissioner for International Partnerships. “In addition to the funds, the Platform will strengthen partnerships between countries and funders to ensure funds are effectively invested.”

    Before the COVID-19 pandemic, WHO estimated that to reach the health-related Sustainable Development Goals, low- and low-middle income countries needed to increase their health spending significantly and require an additional US$ 371 billion annually combined by 2030. This funding would allow populations to access health services, contribute to building new facilities and train and place health workers where they need to be. It has also been estimated that preparing for future pandemics will require investment in the order of US$ 31.1 billion annually. Approximately one third of that total would have to come from international financing.

    The new Platform builds on experience gained through cooperation between countries, multilateral organizations and development banks that proved fruitful during the pandemic. For example, WHO, the EIB and the European Commission supported Angola, Ethiopia and Rwanda in strengthening their health systems. Initially launched as stand-alone programmes or as part of the countries’ response to COVID-19, these interventions mobilized technical assistance, grants and investments with advantageous terms to build up or implement primary health care related interventions.

    *15 countries identified as part of phase one of the Health Impact Investment Platform are:

    • Burundi
    • Central African Republic 
    • Comoros
    • Djibouti
    • Egypt
    • Ethiopia 
    • Gambia
    • Guinea Bissau 
    • Jordan
    • Maldives
    • Morocco
    • Senegal
    • South Sudan 
    • Tunisia 
    • Zambia 

    Background information

    About the World Health Organization

    The World Health Organization (WHO) is the United Nations’ specialized agency for health. It is an inter-governmental organization and works in collaboration with its Member States usually through the Ministries of Health. The World Health Organization is responsible for providing leadership on global health matters, shaping the health research agenda, setting norms and standards, articulating evidence-based policy options, providing technical support to countries and monitoring and assessing health trends.

    Media contact: mediainquiries@who.int  

    About the African Development Bank Group

    The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 37 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.

    About the European Investment Bank

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It finances sound investment contributing to EU policy goals. The EIB’s activities focus on the following priority areas: climate and environment, development, innovation and skills, small and medium-sized businesses, infrastructure, and cohesion. The EIB works closely with other institutions and has provided total financing of more than € 42 billion for healthcare-related projects around the world since it started investing in the sector in 1997.  

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Mobility for senior citizens across the EU – E-001731/2024

    Source: European Parliament

    Question for written answer  E-001731/2024
    to the Commission
    Rule 144
    Seán Kelly (PPE)

    With numerous Member States offering discounted or cheaper travel passes for their senior citizens at regional and national level, this promotes independence of older citizens, while ensuring that their mobility remains a priority.

    Has the Commission considered the possibility of developing an initiative where an EU-wide discount is provided to senior citizens to facilitate their travel within the EU? Could such a system be modelled on the implementation of the European disability card and European parking card system? This could also contribute to the tourism industries across all Member States.

    Submitted: 17.9.2024

    Last updated: 23 September 2024

    MIL OSI Europe News –

  • MIL-OSI Banking: Derville Rowland: Change and challenges – responding to uncertainty, transforming for the future and driving innovation

    Source: Bank for International Settlements

    Good afternoon. Many thanks to AFME for the invitation to speak at this conference again this year. Today I will focus on the regulatory outlook for financial services in Europe and Ireland in the context of a rapidly changing, more uncertain and ever challenging world.

    The old adage, attributed to Harold Wilson, that “a week is a long time in politics” is equally applicable in many walks of life – but it has often been the case in financial markets. The last period has been no different and week to week we have seen things change rapidly. At the start of August we saw a turbulent trading period following fears of an imminent US recession. More recently, we have seen markets respond to the Fed’s half-point interest rate reduction and the Bank of England and Bank of Japan hold rates steady.  While conditions have improved since, significant downside risks remain.

    In particular, geo-political events remain potential sources of fragility over the coming months, including uncertainty around electoral outcomes, continuing conflict in the middle-east and Ukraine, turbulent economic conditions. Closely linked to the issue of geopolitical tensions, there is now heightened focus on the centrality of cyber risk and operational resilience. The Crowdstrike cyber incident in July, while contained early and brought under control, caused significant disruption and highlighted the fragilities in the system. Cyber risk, and the link to geopolitical tensions, has been flagged by ESMA, EBA and EIOPA and are increasingly recognised as a significant and likely risk by regulated firms. Positively, we have also seen the European Supervisory Authorities (ESAs) and the EU Agency for Cybersecurity announce the signing of a multilateral MoU to strengthen their cooperation and information exchange on cybersecurity risk in the financial sector.  In light of heightened cyber risks, the importance of operational resilience remains paramount. The implementation of the Digital Operational Resilience Act (DORA) remains a key focus for regulators and firms. Digital operational resilience is a fundamental underpinning of a resilient and well-functioning financial system supporting the economy and serving the needs of citizens.  That said, ensuring proportionality has been a central focus of the work to develop the DORA framework. This is an important requirement of all regulation, but is certainly the case with DORA given it is cross-sectoral and applies to almost all financial firms. As implementation work progresses, it will be important for authorities to be mindful of ensuring that smaller firms, in particular, are not disproportionately burdened by the same requirements as larger institutions.

    In Europe, we have seen significant institutional change as European Commission President Ursula von der Leyen takes up her second term in office and the process is underway to appoint new Commissioners. The broad parameters of the forthcoming European legislative and regulatory agenda have been signalled.  International competitiveness remains at the centre of the Commission’s programme, as we have seen from the recent Draghi and Letta reports. It seems likely that there will be a continued focus on reducing and simplifying existing EU law. That is an approach which all policy makers, including national authorities and the European Supervisory Authorities, should be mindful of. However, effective regulation which safeguards consumers, fosters market integrity and supports resilience is key to supporting financial stability. Financial stability and the resilience of the financial sector are prerequisites for sustainable economic growth and promoting competitiveness. In a drive to streamline regulation we must not lose sight of this. It is important to retain the outcomes achieved via legislative and regulatory initiatives enacted since the great financial crisis.

    At the centre of policy makers thinking is the need to finance the EU’s ambitious policy agenda. A significant challenge facing Europe is to secure the public and private finance for the economic and other programmes, including the digital transformation and green deal. At the centre of this is the concept of a Savings and Investment Union, building on the progress made under the Capital Markets Union agenda. In April, Commission President Ursula von der Leyen summed this up by saying that “European start-ups should not need to look at the US or Asia to finance their expansion. They must find what they need to grow right here in Europe. We need a deep and liquid capital market. And we need a competition policy that supports companies to scale up. Europe must be the home of opportunity and innovation.”

    There is much still to determine – including the level of ambition for this Savings Union and whether it should be a top-down exercise or if the lead should be taken at a Member State level.  But I suspect, like most things, the answer is likely somewhere in the middle.  While details remain to be worked out, the Letta and Draghi reports likely set out the broad roadmap for how this may be pursued. That said, there will be a need to radically prioritise. Implementing the Letta report alone would require a number of new legislative proposals, in addition to legislative reviews already committed to and implementation work that is required following the last Commission term.

    As the Draghi report outlines, Europe must refocus its collective efforts on closing the innovation gap with the US and China, especially in advanced technologies. This is important for many reasons, including that faster innovation will, in turn, help raise the EU’s productivity growth, leading to stronger growth in household incomes and stronger domestic demand. At the Central Bank of Ireland, we recognise the many potential benefits and opportunities that new technologies bring to financial services and consumers in Ireland and in Europe. It is important that these benefits can be realised, whilst also ensuring that the risks are well understood and managed. Regulation plays a crucial role in the safe, and therefore enduring, adoption of innovation into the system.

    Innovation has brought in new entrants, new products and new ways of serving customers and the economy. As a result, technological innovation continues to be a focus for the Central Bank. This is one of the reasons why we have enhanced our innovation facilities – with the establishment of an innovation sandbox programme which is due to commence for the first time later this year  – so that we can continue to engage, learn and develop a deeper understanding of the ecosystem, the opportunities, the benefits and the risks. Our goal is not to remain stagnant but to evolve and iterate so that we continue to regulate and supervise effectively.

    Recent years have seen tremendous innovations in financial services. Amongst the most notable have been the development of blockchain-based technologies. We can see the many areas where the blockchain has significant potential to bring about positive change, even transformation, in how we do things. Whether this be tokenisation of investment products or improvements in post-trade infrastructure and interoperability, there are important positive stories to tell.

    The European Commission’s 2020 digital finance package has set Europe up well to take advantage of these developments. The package reflected the EU’s ambition to embrace a digital transition, to help modernise the European economy across sectors, and to turn Europe into a global digital player. Almost 4 years later, we are about to implement the Markets in Crypto-Asset Regulation, or MiCAR.

    This is an important step forward in the regulation of crypto activities in Europe while also leading the way on the regulation of the crypto sector globally.  The potential for crypto and blockchain to build financial inclusivity or democratise finance has long been a theme of discussion in the sector. Crypto enthusiasts speak readily to how crypto and blockchain technologies, paired with global internet access, can provide easy and immediate access to people across the world to financial services and achieve a level of financial inclusivity that the traditional financial services cannot. While this is an exciting prospect, it cannot be achieved without guardrails. For the first time, MiCAR will introduce a harmonised regulatory framework for the sector that introduces prudential and conduct obligations for issuers of e-money tokens, asset-referenced tokens, and for crypto-asset service providers. There are also obligations for offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens.

    There are two priorities I would signal with respect to MiCAR implementation. Firstly, we are working closely with our EU Peers and the ESAs to ensure the necessary coordination and consistency across Europe. The ESAs are, correctly, focused on driving a convergent approach to the implementation of MiCAR in national authorities authorisation and supervision processes. We see this as highly important work. MiCAR, being a first attempt at regulation in this area, is an important opportunity to avoid divergent approaches emerging in different jurisdictions.

    Secondly, over recent years, we have been working to continually improve our authorisation process. Through engagement with industry, other public bodies and applicants, we have sought to better explain our expectations, resulting in increased clarity and predictability. Better risk assessment, better communication and better supervisory outcomes have been the output of that work. We have produced new publications, enhanced our internal processes and responded to the changes in the authorisation landscape, including the increase in the number of complex applications. Under MiCAR, you can expect our approach of continuous improvement to continue.

    Innovation and new technologies can play an increasingly important role in facilitating retail investors participating in capital markets. As we shortly approach IOSCO’s World Investor Week, which is a global campaign to raise awareness of the importance of investor education and protection, it is timely for regulatory authorities and policy makers to take stock and redouble our efforts to support investor education, investor protection and financial literacy.

    Protecting consumers is at the heart of what we do at the Central Bank. We know that consumers who are well-informed and understand financial products and services are better placed to make good financial decisions and to look after their interests. These consumers are less likely to be vulnerable to harm from firms that are not securing their interests, and they are less vulnerable to frauds and scams. This is why high levels of financial literacy empower consumers to make effective and informed choices to safeguard their financial well-being. Irish authorities are currently in the process of developing a national Financial Literacy Strategy for Ireland, something which we at the Central Bank strongly support.

    Ireland’s financial sector has an important role to play in supporting the Savings and Investment Union and providing opportunities for retail investors to participate in capital markets. The sector has demonstrated high levels of resilience while continuing provide critical services to households and business in Ireland and abroad. As with the European economy as a whole, over the last decade, the Irish financial services sector has also continued evolve, in terms of its size, complexity and international connectedness. These developments are, of course, a positive for Ireland, and positive for their contribution to European financial markets. We of course must be mindful that an expanding and more complex financial sector may poses risks that need to be managed. This reinforces the importance of effective regulation and supervision – to maintain financial stability and to protect consumers and investors, both within Ireland, Europe and globally.

    As I mentioned earlier, we recognise that we too must change to keep pace with the changing world. I would like to finish by outlining some of the work we are doing in this regard.

    As you will be aware, we have introduced the Individual Accountability Framework (IAF). The IAF is all about helping underpin sound governance across the financial sector by setting out clearly what is expected of well-run firms. For both firms and the regulator it should be seen as a complement to the wider focus on governance, culture and behaviour. For the Central Bank our hope is that along with wider efforts, the IAF will help make firms take more ownership and responsibility for running their business and addressing any risks or deficiencies they may have. In an increasingly technological and rapidly changing world, the need for effective governance underpinned by a strong ethical culture and robust systems of delivery is becoming more and more essential.

    We are also transforming our supervisory approach – to ensure consumers of financial services are protected in all respects in this changing and increasingly complex environment. Building on the strong foundations of our current approach to supervision, we are moving to an integrated supervisory framework where directorates with oversight of banks, insurance companies and capital markets will be responsible for the supervision of all the functions in their respective sectors. Our approach will continue to be risk-based; but the new framework will ensure we are more efficient and effective in our supervisory work. It will make it easier to direct our supervisory resources to the areas of most risk to consumers or the system. Importantly, it will also place consumer and investor protection at the heart of day to day supervision. This change will maximise the benefit of our integrated mandate – enabling us to continue to deliver on our mission and ensure the financial system operates in the best interests of consumers and the wider economy.  These changes are not just important; they are necessary – so that in a changing world we continue to deliver in the public interest.

    Conclusion

    The EU will also need to take a number of very important decisions in the coming years, especially in terms of what elements of the legislative and regulatory agenda to prioritise, the level of ambition to apply in harnessing the EU’s investment potential, and how to navigate geo-political tensions. All of these – to different degrees – will have an impact on financial markets and firms. The speed of these developments – and their potential to cause ripple effects – will not decrease. And so the onus is on us – firms and regulatory authorities alike – to increasingly evolve our approach, innovate and prepare for what the future may hold.

    Thank you.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Ida Wolden Bache: Time to ease monetary policy is approaching

    Source: Bank for International Settlements

    Presentation accompanying the speech

    Chart 1: Policy rate held unchanged

    The Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.5%. Based on the Committee’s current assessment of the outlook, the policy rate will most likely be kept at that level to the end of the year.

    Norges Bank is tasked with keeping inflation low and stable. The operational target is inflation of close to 2 percent over time. We are also mandated to help keep employment as high as possible and to promote economic stability.

    After inflation surged a couple of years ago, we have raised the policy rate significantly, and since December last year the policy rate has been held at 4.5 percent. The interest rate has contributed to cooling down the economy and to dampening inflation.

    Many central banks in trading partner countries have started cutting policy rates. One might wonder why we are not reducing the policy rate now.

    Inflation has declined significantly from its peak but is still above our inflation target. The rapid decline in inflation observed in recent months is not expected to continue going forward. Further disinflation will be restrained by the krone depreciation combined with the high growth in business costs.

    A restrictive monetary policy is still needed to bring inflation down to target within a reasonable time horizon. The Committee is concerned with the possibility that if the policy rate is lowered prematurely, inflation could remain above target for too long. On the other hand, an overly tight monetary policy could contract the economy more than needed. When we set the policy rate, we have to balance these trade-offs.  

    Chart 2: Gradual policy rate reduction from next year

    Based on our current assessment of the outlook, the policy rate needs to be kept at today’s level for a period ahead. At the same time, we are approaching the time to lower interest rates. If the economy evolves as envisaged, we will maintain the policy rate at 4.5 percent to the end of the year, before it is gradually reduced from the first quarter of next year. The policy rate forecast is little changed but implies a slightly faster rate reduction through next year than our previous forecast published in June. 

    Let me say a few more words about the background for the rate decision and the Committee’s assessment.  

    Chart 3: Low growth in the Norwegian economy

    Growth in the Norwegian economy was low through last year and has remained weak this year. High inflation and the rise in interest rates have reduced household purchasing power and consumption, and residential construction has shown a sharp decline. Economic activity is being supported by public sector demand and heavy investment in the petroleum industry.

    Information from our regional network indicates that economic growth will pick up a little in the second half of this year. But there are wide differences across industries, with oil services expecting strong growth and the construction industry a continued decline.

    Over the past couple of years, the labour market has become less tight, and firms are finding it easier to fill their recruitment needs. Employment is high, but the share of the population employed has fallen a little. Unemployment has edged up from a low level.   

    Chart 4: Inflation has declined markedly from its peak

    At its highest, inflation was above 7 percent. According to last week’s data, inflation is now running at 2.6 percent. Excluding energy prices, which are quite volatile, inflation is a little higher than 3 percent. Inflation has been lower than we expected in June.

    International inflation has also fallen notably, and central bank rate cuts are now expected to be deeper and faster than before summer.

    Chart 5: Wage growth is high

    While wage growth is subsiding among many trading partner countries, it is still high in Norway. Wages increased by 5.2 percent last year, and a comparable increase is expected this year. We expect wage growth to moderate in the years ahead, but given weak productivity growth, business costs will continue to grow at a fast pace.

    Chart 6: The krone has depreciated

    The krone exchange rate has depreciated in recent years and is now weaker than at the time of the June monetary policy meeting. A weaker krone means an increase in prices for imported goods and services, and higher costs for firms that depend on imported intermediate goods. For the export industry, a weaker krone means increased profitability, which can lead to higher wage growth and, in turn, to higher inflation.  

    Movements in the krone exchange rate are determined by a wide range of conditions, in both Norway and internationally. This makes it difficult to explain all exchange rate movements, but we can safely say that the interest rate matters for the krone exchange rate. If we had not tightened monetary policy in recent years, the krone would have been weaker. Experience has also shown that the krone weakens when oil prices fall or, as we saw this summer, financial markets experience turbulence.

    Chart 7: Inflation will slow and unemployment edge up

    With the current policy rate path, inflation is projected to move down further and approach 2 percent towards the end of 2027. Unemployment will likely edge up to about the level prevailing before the pandemic.

    Many people have experienced tighter household budgets in recent years, but most people will find that their budgets will stretch further going forward. Interest expenses will still be high, but we expect wages to rise faster than prices, and the debt burden will be easier to bear.

    The economy may evolve differently than we now anticipate. If the outlook suggests that inflation will return to target faster or there is a more pronounced slowdown in the Norwegian economy, the policy rate may be lowered faster than currently envisaged. On the other hand, if the krone depreciates further or economic pressures increase, inflation could remain elevated for longer. A higher policy rate than currently envisaged may then be required.

    Inflation has slowed sharply. That’s welcome news, and now it’s important that we go the last mile of returning inflation back to the target. By maintaining confidence in the inflation target, we are better equipped to deal with new shocks and periods of turbulence in the future.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Passing of the Crown Coin revealed ahead of November release

    Source: Danmarks Nationalbank

    The final design of the Passing of the Crown coin, marking King Frederik X succeeding Queen Margrethe II, was revealed after Danmarks Nationalbank presented the coin to the monarch.

    The Passing of the Crown Coin is a 20-kroner coin, which will be introduced into general circulation via stores and banks in early November 2024.

    Denmark has a long tradition of issuing commemorative coins to celebrate special events in the royal family, such as anniversaries.The previous time a Passing of the Crown Coin was issued was in 1972, when Queen Margrethe II became monarch following the death of her father King Frederik IX.

    The design of the new Passing of the Crown Coin follows the tradition of previous issuances, as one side features a portrait of King Frederik X in a right-facing profile, while the reverse features Queen Margrethe II, also in a right-facing profile. Both portraits were created by sculptor Eva Hjorth. The coin was designed by Danmarks Nationalbank’s Head of Design, Jeanette Skov Jensen.

    A total of one million Passing of the Crown Coins have been produced. Most of them will enter circulation as regular coins, but some will be made available to the public as collectors’ versions. These will be available to purchase via coin and stamp dealer nordfrim.dk on 1 November 2024. However, It will be possible to pre-order the coin as of

    today.

    The Passing of the Crown Coin will circulate alongside existing coins, which remain legal tender.

    Regular circulation coins featuring King Frederik X are expected to be released during the second half of 2025. More information about this will be available on Danmarks Nationalbank’s website in 2025. These coins will also be circulated alongside coins that are currently in circulation.

    You can see the Passing of the Crown Coin and read more about it at nationalbanken.dk.

    Press enquiries can be directed to Press and Communications Officer Peter Levring on +45 2620 1809.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Joachim Nagel: Why do we need Europe?

    Source: Bank for International Settlements

    Check against delivery 

    1 Global challenges need global answers

    We are living in a period of significant change. Many distinct forces are contributing to this change. Examples here include global warming and the switch towards carbon-free energy, progress in digitalisation and AI, as well as geo-economic factors and demographic developments.

    What do all the changes I’ve mentioned have in common? They affect humanity at the global level. It therefore does not seem useful to limit one’s attention to national solutions. That said, the European elections have shown us that many voters backed parties calling for greater national sovereignty or even nationalism – as well as less Europe. The Brexit referendum, eight years ago, can be seen as an example of this trend. As, too, can the recent German regional elections.

    Why is this? Global changes often lead to global challenges, and sometimes to global crises. This means a lot of complexity. Those who are in charge are responsible for properly explaining this complexity. If we don’t assume this responsibility, simple political messages may trump complex ones. And there is no doubt that politics at the European level are complex. Just think of the legislative process behind the new Corporate Sustainability Due Diligence Directive – a directive that sets rules for firms to mitigate their negative impact on human rights and the environment. Or the slow progress that has been made regarding the capital markets union – a topic I will return to later.

    However, as the current major challenges are global in nature, national responses alone will not resolve them. Action is needed on a global scale. Take the pandemic, for example. Overcoming this required unprecedented vaccine research, large-scale production and global distribution. Or consider the climate crisis. While Germany can lead by example in terms of decarbonising its economy, it cannot solve the climate crisis alone. As for European countries, this means that we have to work on European responses to the current challenges. This holds true for Germany, too – despite it being one of the largest economies in the world. Germany should see itself as part of a wider European team – a team that can provide greater stability given the current geopolitical risks. Take the increasing global trade restrictions, for example. Between the two main global players, the United States and China, only a unified European approach stands a chance of defending European interests. This view is shared by almost three-quarters of Europeans surveyed at the beginning of this year.1

    2 Europe is not a weak spot – it is a source of strength

    It is true that open democratic societies tend to have complex and cumbersome decision-making processes. The more fragmented the political landscape, the more difficult it becomes. This already holds for the national level – as can currently be seen in the case of France and Germany. At the European level, complexity is even greater. There, agreeing on a compromise is like an art in itself. However, democratic decision-making processes have one great benefit. They integrate the diverse interests and preferences of the people.

    In fact, a significant majority of EU citizens are satisfied with the way democracy works in the EU.2 And the share of people who have a positive image of Europe is nearly twice as big as the share of people who have a negative one.3 This might well reflect an observation made by the Spanish philosopher José Ortega y Gasset at the beginning of the last century. He noted that four-fifths of our intellectual property stem from our common European heritage.4 People seem to have a good understanding of what “European” means: the common ground of our liberal, democratic societies and the intellectual achievements we have made.

    Once we realise these strengths of Europe, we can use them to move forward, to manage the changes I mentioned at the outset of my speech. Europe does not have an analytical deficit, but a deficit in taking action. For example: A deeper single market could help seize the opportunities of digitalisation more fully. And a unified European approach to decarbonisation could serve as an example and help the formation of larger climate clubs. These clubs derive mutual benefits from sharing the costs of producing less CO2-emissions. The members of such a voluntary club have incentives to adhere to its rules as long as the gains from the club are sufficiently large.5

    3 What it will take to move forward

    And what will it take to move forward? As President of the Bundesbank and as a member of the Governing Council of the European Central Bank, I am doing all I can within my remit. First and foremost, I am striving to restore price stability. This is because price stability is a crucial requirement for economic development and for the welfare of our societies. And I am also supporting measures that help Europe to act. It is in this context that I return to the topic of the capital markets union. The capital markets union can be an important means of providing companies with the necessary funding to manage change. This includes funding for new scientific knowledge and for innovations to help us thrive in our future environment. Europe is relatively good at research.6 And research is a crucial basis for innovation. However, a lack of available capital often prevents young innovative companies from growing. A key reason is that capital markets in Europe are still highly fragmented and rather underdeveloped compared to those in the United States, for example. Although market structures are not fully comparable, venture capital investment may serve as an example here. Relative to GDP, its size in European countries is less than one-tenth the size in the US.7 A European capital markets union would give firms better access to risk capital in Europe – notably young firms in their start-up and scale-up phase, and it would provide better exit options. By mobilising more private capital, the capital markets union could improve opportunities for economic growth. And it could foster much needed investments in Europe’s digital and sustainability transformation.

    It is a real challenge to make progress at the European level and in the 27 Member States on the legal initiatives necessary to realise the capital markets union. But if we agree that the changes we see are global in nature, then we should not try to deal with them at the national level. We should strive for multilateral solutions. Here in Europe, the European Union provides a wonderful opportunity to find common approaches that many around the world can subsequently gather behind.

    I am optimistic that the new European Commission will build momentum to move forward – not least with respect to the capital markets union, which was recently given fresh impetus by Member States’ political leaders. We have the potential to rejuvenate the European idea. A thriving research and innovation ecosystem will support that goal – with stable prices, sufficient financing opportunities and steady growth. Let us all do what we can to strengthen Europe at the current juncture. 

    MIL OSI Global Banks –

  • MIL-OSI Submissions: Ukraine: 30% increase in ambulance referrals shows ongoing devastation of war in Ukraine – MSF

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    Kyiv, 3 September 2024. Médecins Sans Frontières/Doctors Without Borders (MSF) ambulances in Ukraine have transported more than 8,000 patients from hospitals near the frontline between January and July 2024, more than half with burn, blast and other injuries directly caused by the fighting. This represents a thirty per cent increase from the previous six months and shows the alarming and ongoing human impact of the war, warns the medical, humanitarian organisation.

    MSF’s 17 ambulances transport patients at the request of health facilities across areas near the frontlines in the east, south and northeast of the country to hospitals that are less overwhelmed or better equipped to treat their injuries. More than 15 per cent of patients transported so far this year were so ill that they needed to be referred in specially equipped intensive care unit (ICU) ambulances. Of those requiring ICU transportation, 38 were children, the youngest just three years old.

    “We need ICU ambulances to transport patients with severe injuries and breathing problems, such as head traumas, burns, multiple fractures, and damage to internal organs. They need equipment like ventilators and oxygen,” said MSF deputy medical coordinator Maksym Zharikov. “Sixty per cent of the patients we transport have war-related injuries such as head injuries, trunk and limb injuries, soft tissue injuries, and massive haemorrhages.”

    On 6 August, an MSF team in the east transported a 45-year-old man who had suffered burns to 90 per cent of his body, including his internal organs, as a result of shelling. Patients like this require specialised medical care, which is often only available in hospitals far from the conflict areas. MSF has been running an ambulance referral system since April 2022 and currently has 17 ambulances, including five ICU ambulances and three vehicles capable of transporting multiple patients at a time. Multi-patient ambulances can transport up to seven patients at a time, making it possible to transport several patients with varying degrees of severity. Additionally, during intense shelling, making one trip instead of several reduces the risk for patients and staff.

    The need for medical transportation by ambulance becomes especially acute during heavy missile attacks when hospitals are overwhelmed by mass casualties. It is difficult to predict how many intensive care or surgical beds will be needed in any given hospital from day to day. Shelling can occur at any moment, and our teams operate in a state of constant emergency. MSF paramedic Dmytro Bilous reports that when he asks civilians why they continue to live near the frontline despite the danger, the most common reply is that they just didn’t have time to evacuate.

    “We’re gravely alarmed by the devastating impacts of repeated attacks, including on civilian areas. We see the consequences every day. A recent attack in Kostiantynivka, Donetsk region, on 9 August left 14 dead and over 40 injured. MSF doctors helped to respond, and two severely injured patients were transferred to Dnipro,” said Christopher Stokes, MSF emergency coordinator in Ukraine. “With a constant influx of trauma patients needing referrals, MSF ambulance teams ensure that patients are transferred to hospitals where they can receive the specialised care they require. But as more and more health facilities are destroyed, damaged or closed, and attacks like this continue, the pressure on the remaining hospitals is only going to grow, leaving more and more people without any access to the healthcare they need.”

    Notes:

    The war in Ukraine, ongoing since 2014, escalated significantly in 2022, with intense fighting in the east, southeast, and northeast.
    Civilian casualties and significant damage to medical infrastructure, particularly in Donetsk, Kharkiv, and Kherson regions.
    MSF operates 17 ambulances near the frontline, including five ICU vehicles and three multi-patient transport vehicles.
    Ambulances are strategically based in Dnipropetrovsk, Zaporizhzhia, Donetsk, Kharkiv, Kherson, and other regions, covering the whole of Ukraine as per Ministry of Health requests.
    In 2024, patient transport increased by 30% compared to late 2023, with over 8,000 patients transported in the last six months.
    Ambulances cover up to 120,000 km monthly, with 40% of cases being non-traumatic and 60% war-related injuries.
    Among those transported, 136 were children, 38 of whom required ICU care. The youngest patient was three days old, and the oldest was 98.
    MSF first worked in Ukraine in 1999.

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Investment Sector – Leo Capital Sets Up Nordic HQ in Helsinki and Launches a €25M Fund Reinforcing Helsinki’s Emerging Role in Attracting Venture Capital Firms

    Source: Helsinki Partners

    Helsinki’s tech ecosystem continues to attract international venture capital firms, as Leo Capital, a successful Singapore-based venture capital firm, launches its Nordic headquarters to support regional B2B startups. Alongside this strategic move, Leo Capital is launching a €25 million fund specifically targeting the Nordic region, marking its first fund focused on Europe. The 90 Day Finn program, which one of Leo Capital’s founders, Shwetank Verma, was part of in 2022, played a crucial role in choosing Helsinki as the location.

    Founded in 2018, Leo Capital has previously managed three funds primarily focused on the APAC region and has actively invested in Europe since 2021. Their successful portfolio includes companies like Apica, Atoa, and Eir. The newly announced fund, Europe Fund I, represents a significant milestone for Leo Capital, as it extends their investment reach into the Nordic startup ecosystem. Business Finland Venture Capital has made an anchor investment in the fund, showing confidence in Leo Capital’s approach amidst challenging market conditions.

    “Europe Fund I continues Leo Capital’s successful strategy of investing in the world’s most capable, ambitious, and resilient founding teams. It is these founders that we are looking to partner with, combining their vision and dynamism with our own networks, resources, and years of cross-border experience to help supercharge their trajectory and realize their global ambitions”, said Shwetank Verma, Co-founder of Leo Capital.

    Helsinki: A New Hub for Venture Capital

    Leo Capital’s decision to expand its operations to Finland came after participating the 90 Day Finn program, an initiative by Helsinki Partners designed to attract international entrepreneurs and investors to Helsinki. Shwetank Verma’s participation in the program provided deep insights into the Finnish business environment, which shares key qualities with Singapore, such as strong government support, a high level of expertise, and a vibrant entrepreneurial spirit.

    “For us, Finland is exciting because we see parallels with what we know best in Singapore, for example. We can see that combination of government support, talent, and entrepreneurial zeal. They’re small markets but very dynamic”, Verma noted.

    Despite the abundant opportunities, Helsinki’s potential remains relatively underexplored on the global stage. Programs like 90 Day Finn have been crucial in bridging this gap, as they have successfully brought international investors like Leo Capital to recognize Finland’s unique offerings.

    “To attract investments, talent, or companies to expand to Helsinki, we need to generate interest and ensure they experience what Helsinki and Finland has to offer. Programs like 90 Day Finn have proven to be incredibly effective. For instance, Leo Capital originally considered another European location for their headquarters but shifted to Helsinki after participating in the program,” commented Johanna Huurre, Business Director at Helsinki Partners.

    The Nordic region, known for its openness and global perspective, provides an inviting ecosystem for international funds. However, while early-stage funding is relatively accessible, there is a notable gap in later-stage funding, an area where Leo Capital aims to make a significant impact.

    “One of the challenges in Finland is the relatively small and local nature of funds. To elevate Finland’s success stories, we need to attract larger international funds and investors. The entry of Leo Capital, with its extensive network, into Helsinki’s ecosystem is a significant step towards this goal,” Huurre added.

    About Leo Capital

    Leo Capital is a Singapore-based early-stage venture fund founded by serial entrepreneurs with global experience. The firm’s portfolio spans 60 early-stage companies supported by a cross-border team across three continents. Leo Capital backs founding teams powering a software-enabled world, supporting them in their journey from great start-up to great company. Leo’s “India Advantage” offers founders support in talent acquisition, go-to-market strategies, and access to a robust network of global co-investors.

    About Helsinki Partners

    Helsinki Partners is the investment promotion agency owned by the City of Helsinki. We have over a decade of experience in helping international companies set up or expand their business, find quality investment opportunities, and expand their network in the Nordics.

    About 90 Day Finn Program

    90 Day Finn program is an unique initiative run by Helsinki Partners and designed to immerse international business leaders, entrepreneurs, and innovators in Helsinki’s business ecosystem and Finnish culture. The program offers participants the chance to explore new market opportunities, network with industry leaders, and experience Finland’s renowned work-life balance. This year, the program welcomed its fourth cohort of participants and took place throughout the entire month of August.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Asia Pacific – Governments, tech experts gather to boost regional commitments towards digital inclusion and transformation – ESCAP

    Source: ESCAP, United Nations

    Policymakers and industry experts today underscored the critical need to bridge the vast digital divide in the region, further calling for breakthrough solutions, more harmonized policy frameworks and increased investments toward scalable innovations with sustainable development impacts.

    Organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in partnership with the Government of Kazakhstan, the Asia-Pacific Ministerial Conference on Digital Inclusion and Transformation aims to promote more inclusive digital economies and societies in the region, as well as foster digital cooperation to bridge the digital divide, strengthen digital connectivity, ensure robust digital skills training, and enhance digital trust and security.  

    “Digital by default has become our norm. It is restructuring our economies, bringing new opportunities for value creation, and reweaving the fabric of society to help tackle some of our most persistent sustainable development challenges. At the same time, digital transformation intersects with economic, environmental and social risks of unseen complexity and uncertainty,” said United Nations Under-Secretary-General and ESCAP Executive Secretary Armida Salsiah Alisjahbana in her opening remarks.

    Underscoring the importance of digital transformation, Prime Minister of Kazakhstan Olzhas Bektenov shared, “These technologies open new horizons for business, education, and healthcare, ensure economic growth, and expand opportunities for millions of people. We are actively developing these areas. Digital inclusion is also a crucial element, without which it is impossible to achieve the set goals. Only through cooperation, the exchange of knowledge, and best practices can we ensure a sustainable and prosperous future for all. We are ready to share our experience and knowledge.”

    While 96 per cent of the population live in areas covered by mobile broadband networks, only one-third productively use Internet services. Up to 40 per cent of people lack access to the Internet, most of whom are from vulnerable and marginalized groups. This significant divide also runs along income, age, education, geographic and gender fault lines.

    Zhaslan Madiyev, Minister of Digital Development, Innovations and Aerospace Industry of Kazakhstan was elected as the Chair of the Conference. “Kazakhstan is firmly committed to advancing a sustainable digital future. Today, digital technologies are key tools for achieving the Sustainable Development Goals. We have made significant progress: in 2023, we provided 274 million online services, 93 per cent of which are accessible to our citizens directly from their homes. We are also implementing proactive services automatically provided by the government, with 44 such services already available and used more than three million times. Kazakhstan is proud to rank eighth in the UN’s online services index and is ready to continue introducing innovative solutions for the benefit of society.”

    On the opening day, ESCAP also launched its Asia-Pacific Digital Transformation Report 2024 which considers how digital transformations will structurally and irreversibly affect the trajectory of climate change. It presents 27 illustrative case studies demonstrating the power of digital applications for smarter climate actions – across infrastructure, governance, mobility, industry and trade, disaster risk reduction, agriculture and biodiversity ecosystems.

    The report reveals that as the use of more advanced digital technologies is scaled up, there is a turning point beyond which carbon emissions tend to decline. Furthermore, the increased use of AI-driven geospatial data analytics is improving the accuracy and timeliness of early warning systems, so that the right information reaches the right people at the right time, thus contributing towards climate adaptation and mitigation measures in many countries.

    Policymakers from over 30 countries as well as representatives from the tech industry, start-ups, academia, international organizations, youth, business and civil society are participating in the two-day Conference and its associated events.  The Conference is expected to culminate tomorrow with the adoption of the Astana Ministerial Declaration on Digital Inclusion and Transformation.

    On the sidelines of the Conference, the Government of Kazakhstan is also hosting the Kazakhstan Tech Solution Day on 5 September, which will highlight the country’s tech companies, start-ups and digital innovations, such as SmartBridge (service showcase), Smart Data Ukimet (smart data government), and eOtinish.

    For further information: https://www.unescap.org/events/2024/asia-pacific-ministerial-conference-digital-inclusion-and-transformation

    Read report: http://www.unescap.org/kp/2024/asia-pacific-digital-transformation-report-2024-digital-innovation-smarter-climate-action

    Watch the proceedings: 

    www.youtube.com/unescap

    The Economic and Social Commission for Asia and the Pacific (ESCAP) is the most inclusive intergovernmental platform in the Asia-Pacific region. The Commission promotes cooperation among its 53 member States and 9 associate members in pursuit of solutions to sustainable development challenges. ESCAP is one of the five regional commissions of the United Nations.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Asia-Pacific governments commit to collaborate on innovative solutions to bridge the digital divide and drive sustainability

    Source: ESCAP – United Nations

    Ministers and heads of digital technology agencies today endorsed the Astana Ministerial Declaration on Digital Inclusion and Transformation in Asia and the Pacific at the close of a high-level conference organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Government of Kazakhstan.

    (ref. https://www.unescap.org/sites/default/d8files/event-documents/2400314E.pdf )

    Among others, the groundbreaking Declaration underscores the critical need to bridge the digital divide, strengthen digital connectivity, address and enhance digital trust, and promote inclusive and sustainable digital economies and societies leaving no one behind.

    “The Declaration is an important milestone that reaffirms the necessity of strengthening regional policy-making so that we increase momentum in identifying digital solutions and scaling up to bridge the digital divide,” said Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of ESCAP.

    While 96 per cent of the population in Asia and the Pacific live in areas covered by mobile broadband networks, it is estimated that only one-third productively use internet services. Up to 40 per cent lack basic digital skills.

    Endorsing the Declaration, Governments recognized the pressing need to overcome the major impediments that developing countries face in engaging with and accessing new technologies such as an appropriate enabling environment, sufficient resources, connectivity infrastructure and investments.

    They further emphasized the importance of enhancing secure and affordable access, and promoting digital literacy and education for all including youth, older persons, women, persons with disabilities, and remote and rural communities.

    “We are proud of this unique opportunity to showcase Kazakhstan’s achievements in digital government to the global community. The adoption of this Declaration reflects our shared commitment to creating an inclusive digital future for all,” said H.E. Zhaslan Madiyev, Minister of Digital Development, Innovations and Aerospace Industry of Kazakhstan, who also served as Chair of the conference.

    Ministers at the Asia-Pacific Ministerial Conference on Digital Inclusion and Transformation held on 3 – 4 September in Astana, welcomed further consideration of the proposal by the Government of Kazakhstan for a Digital Solutions Center for Sustainable Development. The proposed Centre is expected to strengthen coordination and cooperation among multiple stakeholders in the digital transformation process, as well as share practical digital solutions to advance the region’s sustainable development agenda.

    Delegates also reviewed the progress of other regional initiatives on digital cooperation, notably the Action Plan for Implementing the Asia-Pacific Information Superhighway Initiative, 2022-2026.

    On the sidelines, conference participants had the opportunity to explore a startup alley organized by Astana Hub, the largest technology park in Central Asia, where Kazakhstan’s top startups and major tech companies were showcased.

    ESCAP and the Eurasian Development Bank (EDB) also signed a Memorandum of Understanding at the conference to enhance institutional cooperation on regional economic integration and the 2030 Agenda for Sustainable Development. Under the agreement, ESCAP and EDB will carry out joint research and publications, capacity building support to policymakers and analysts in North and Central Asia as well as develop databases and analytical tools for policymakers in Asia-Pacific developing countries.

    For further information: https://www.unescap.org/events/2024/asia-pacific-ministerial-conference-digital-inclusion-and-transformation

    Read report: http://www.unescap.org/kp/2024/asia-pacific-digital-transformation-report-2024-digital-innovation-smarter-climate-action

    Read opinion piece “A sustainable future within reach: The promise of digital transformation”: https://unescap.org/op-ed/sustainable-future-within-reach-promise-digital-transformation

    Watch the proceedings: 

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Tech Security – Study: Global online privacy and cybersecurity awareness continues to decline

    Source: NordVPN

    The most cybersecurity-aware country this year is Singapore.
    People ages 30-54 have the best cybersecurity skills.
    Only 6% of people globally know what privacy issues to consider when using AI for work.

    The world’s online privacy and cybersecurity awareness continues to decline, according to new research by the cybersecurity company NordVPN. Based on 31 analyzed markets with the highest numbers of responses, people globally knew best how to create strong passwords (96%), and they were worst with questions related to privacy issues that go hand in hand with AI usage for work (52%).  

    The annual National Privacy Test (NPT) is a global survey aimed to evaluate people’s cybersecurity, online privacy awareness, and educate the general public about cyber threats and the importance of data and information security in the digital age. It gathered 25,567 responses from 181 countries this year.

    “As the digital threat landscape evolves faster than ever, it is important that internet users understand the significance of safeguarding their personal information. The National Privacy Test takes the responsibility to educate people globally about cyber threats and equip them with essential tips to protect against fraud, data harvesting, surveillance, and other online dangers,” says Marijus Briedis, chief technology officer (CTO) at NordVPN.

    These countries rank in the top three for internet privacy and cybersecurity awareness:

    Singapore (62/100)
    Finland and Lithuania (61/100)
    Germany and the United States (60/100)

    Compared to 2023, less people understand the security benefits of updating apps

    The results of the test showed that people globally are also good at dealing with suspicious streaming service offers (95%), and they know which permissions to grant to different apps (91%).

    On the other hand, people globally also did not know what data ISPs collect as part of the metadata (13%), or how to secure their home Wi-Fi network (16%), most likely considering it safe by default.

    Among all respondents, 1% are Cyber Wanderers (barely know anything about internet privacy and cybersecurity), while the biggest proportion (66%) scored 50-74 points and were identified as Cyber Adventurers.

    Compared to 2023, less people understand the security benefits of updating apps as soon as the update is available. While in 2023, 69% said they update an app as soon as an update is available, this year, it’s 56%.

    Steps to increase online security and privacy

    Marijus Briedis from NordVPN shares a series of steps people can take to enhance their online privacy and security:

    Create unique and strong passwords. Use unique and robust passwords for each of your online accounts.
    Enable multi-factor authentication (MFA). Strengthen your account security by enabling multi-factor authentication.
    Keep your software up to date. Regularly update your software, operating systems, and applications.
    Use a virtual private network (VPN). Always use a VPN to encrypt your internet connection, safeguarding your personal information from potential eavesdroppers.
    Review privacy settings. Regularly review and adjust privacy settings on social media platforms, mobile apps, and other online services.

    Methodology can be found here: https://nordvpn.com/blog/national-privacy-test-us-2024/

    ABOUT NORDVPN

    NordVPN is the world’s most advanced VPN service provider, chosen by millions of internet users worldwide. The service offers features such as dedicated IP, Double VPN, and Onion Over VPN servers, which help to boost your online privacy with zero tracking. One of NordVPN’s key features is Threat Protection Pro, a tool that blocks malicious websites, trackers, and ads and scans downloads for malware. The latest creation of Nord Security, NordVPN’s parent company, is Saily — a global eSIM service. NordVPN is known for being user friendly and can offer some of the best prices on the market. This VPN provider has over 6,400 servers covering 111 countries worldwide. For more information, visit  https://nordvpn.com.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Economy – GlobalData raises global economic growth projection for 2024 to 2.52%

    Source: GlobalData

    The global economy is navigating through a complex landscape marked by persistent geopolitical tensions. Nevertheless, easing inflationary pressure, central bank rate cuts (including by the ECB), and stronger consumer spending are mitigating these issues. 

    Against this backdrop, GlobalData, a leading data and analytics company, has revised the global economic growth forecast for 2024 to 2.52% in its Q3 2024 update, marking a slight increase of 0.05 percentage points (pp) from earlier projections in Q2 2024.

    In the “Global Macroeconomic Outlook – Q3 2024 Update,” GlobalData has revised economic growth projections for the Americas and Europe upward. The Americas’ forecast increased by 0.11 pp to 2.16%, driven by strong consumer spending, easing inflation, and rising real incomes. Increased private domestic business investments are also expected to support the region’s economic resilience. 

    Europe’s growth projection rose by 0.21 pp to 1.38%, supported by higher real disposable incomes from stable wage growth and lower inflation, along with the recent ECB rate cuts, which are expected to stimulate the economic activity.

    Conversely, forecasts for the Asia-Pacific (APAC) region and the Middle East & Africa (MEA) were reduced by 0.08 and 0.25 pps, respectively, to 2.59% and 3.57%. In MEA, the ongoing conflicts, oil market volatility, and shipping disruptions hinder the growth. For APAC, China’s economic slowdown, domestic challenges, and geopolitical tensions contributed to the downward revision.

    Arnab Nath, Associate Project Manager, Economic Research Team at GlobalData, comments: “The slight upward revision in the global growth forecasts for 2024 reflects cautious optimism amid persistent geopolitical tensions. The resilience of key economies, including the US, which witnessed economic growth of 3% on an annual basis in Q2 2024 up from 1.4% in Q1, and the Eurozone, which achieved its strongest expansion in over a year at 0.6% in Q2 2024, contributes to this positive outlook.

    “Gradual recoveries in the emerging markets will further bolster the projections. The major central banks, including the ECB, have commenced rate cuts, with the US Federal Reserve anticipated to follow suit, which may stimulate investments. However, central banks must tread carefully to avoid reigniting inflation or creating financial imbalance to ensure a balanced economic recovery.”

    GlobalData forecasts the global inflation rate to decrease from 5.8% in 2023 to 4.5% in 2024, with a further decline to 3.7% anticipated by 2025. In 2024, the inflation rate is expected to decrease in all regions: the Americas, excluding Argentina and Venezuela (dropping to 5% in 2024 from 7.5% in 2023), Asia-Pacific (decreasing to 5% from 6.9%), Europe (declining to 4.3% from 7.8%), and the Middle East and Africa (falling to 22.1% from 27%).

    Easing price pressure boosted the economic sentiment in major economies. According to GlobalData analysis using data from OECD, between January and June 2024, consumer and business confidence have risen considerably compared to the average of the previous six months in major economic groups, including the G20 and G7 countries. The rise in consumer confidence indicates robust consumer spending potential, which could bolster domestic demand and economic resilience.

    Meanwhile, global political shifts indicated by the 2024 election cycle will have economic implications, including changes in trade policies, regulatory frameworks, and market stability. Far-right gains in Europe could result in protectionist measures, affecting international trade.

    In South Korea and the UK, liberal victories may bring reforms that encourage foreign investment and market liberalization. Declining support for ruling parties in India and South Africa suggests potential instability, while voter dissatisfaction in Russia and Bangladesh signals economic uncertainty in these regions. These changes are likely to test global economic resilience.

    Nath concludes: “While global growth is expected to remain stable, varying regional dynamics and persistent risks from geopolitical tensions may significantly shape the economic outlook for 2024 and 2025, necessitating careful observation of policy shifts and market trends.”

    Notes

    Quotes provided by Arnab Nath, Associate Project Manager, Economic Research Team at GlobalData
    The information is based on GlobalData’s latest report: Global Macroeconomic Outlook – Q3 2024 Update (ref. https://www.globaldata.com/store/report/global-pestle-macroeconomic-analysis/?utm_source=cision&utm_medium=press%20release&utm_campaign=gd_press%20release_cision_bf_global%20economy_report )

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology, and professional services sectors.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Energy Sector – Reducing emissions from the Troll field – Equinor

    Source: Equinor

    On Saturday, 7 September, Troll B and C became partly powered from shore. This reduces annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2.

    This is in line with the plan for development and operation (PDO) for Troll West electrification (TWEL), which was approved by Norwegian authorities in 2021.

    “Troll B and C electrification marks an important milestone in the efforts to halve the emissions from our operations by 2030. The project reduces CO2 emissions by the equivalent of those from 125,000 fossil-fuelled cars,” says Geir Tungesvik, executive vice president for Projects, Drilling & Procurement.

    The power to Troll B and C comes from Kollsnes, northwest of Bergen. From here it runs through a new electro building shared by the Troll and Oseberg fields out to Troll B in a 132 kV power cable, and from there to Troll C.

    The project has installed new modules on Troll B and C that adjust the voltage to the systems on board. The processing systems and other energy-intensive systems on both platforms are now driven by electricity, except for the large export compressors, which are still gas-powered.

    “Troll West electrification has generated substantial business activity for Norwegian suppliers. Over 70 percent of the investments in the project have gone to companies in Norway. I am very pleased that we, along with our partners and suppliers, have succeeded in executing the project in a safe and effective manner,” Tungesvik says.

    The CO2 reduction is equivalent to about half a percent of Norway’s total annual emissions. NOx emissions from the field are also reduced by around 850 tonnes per year. Gas burned in turbines to provide energy on the platforms can now be exported and more efficiently used in Europe.

    “We have made several new discoveries in the Troll and Fram area in recent years. Thanks to Troll B and C electrification we can develop and produce these resources with very low emissions. The Troll area will continue to deliver large volumes of low-carbon, high-value energy for many years to come,” says Kjetil Hove, Equinor’s executive vice president for Exploration & Production Norway.

    The TWEL project is continuing to fully electrify the Troll C platform so that all power needs are met with electricity from land. The measure will cut annual emissions by another 200,000 tonnes of CO2. Overall, this will help cut almost four percent of the total emissions from oil and gas production, around one percent of total emissions in Norway.

    Infrastructure at Kollsnes and the cable to the platform are designed for a possible future full electrification also of Troll B.

    The Troll A platform (Troll East) was the first platform to be powered from shore on the NCS, and has been electrified since start-up in 1996.

    Facts

    The licensees in Troll Unit are Equinor 30.6% (operator), Petoro 56%, A/S Norske Shell 8.1%, TotalEnergies 3.7% and ConocoPhillips Skandinavia AS 1.6%.

    Aker Solutions AS has built three electro modules at its Stord yard and been responsible for the procurement and installation of all electrical equipment in the modules and in the new electro building at Kollsnes.

    In addition, Aker Solutions has been responsible for all modification work on Troll B and C and all hook-up to existing operating systems both offshore and at Kollsnes.

    Heavy lifts of modules were performed by Heerema.
    For the Kollsnes sub-project, the main supplier is Skanska Norge AS, responsible for constructing the transformer substation and landfall area.
    Total investments in the project are NOK 8.1 billion.
    Aker Solutions’ contract is worth about NOK 2.9 billion, generating about 1000 person-years (FTE) of employment.
    The module fabrication took place at the Stord yard. Aker Solutions estimates that 4000 people were involved in the work.
    NKT has been responsible for the production and installation of the power cable. NKT’s contract is worth NOK 1 billion. The cable production was carried out at NKT’s facility in Karlskrona, Sweden.
    Skanska Norge AS’s contract is worth around NOK 370 million and generated about 100 person-years of work (FTE) for Skanska and sub-contractors in the project period.
    The power demand for Troll B and C will be up to 116 MW after full electrification of Troll C.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Universities – New fossil fish species scales up evidence of Earth’s evolutionary march – Flinders

    Source: Flinders University

    Climate change and asteroids are linked with animal origin and extinction – and plate tectonics also seems to play a key evolutionary role, ‘groundbreaking’ new fossil research reveals.
     
    The discovery of an exceptionally well preserved ancient primitive Devonian coelacanth fish in remote Western Australia has been linked to a period of heightened tectonic activity, or movement in the Earth’s crust, according to the new study in Nature Communications. (Open access when published)  
     
    Led by Flinders University and experts from Canada, Australia and Europe, the new fossil from the Gogo Formation in WA, named Ngamugawi wirngarri, also helps to fill in an important transition period in coelacanth history, between the most primitive forms and other more ‘anatomically-modern’ forms.
     
    “We are thrilled to work with people of the Mimbi community to grace this beautiful new fish with the first name taken from the Gooniyandi language,” says first author Dr Alice Clement, an evolutionary biologist and palaeontologist from Flinders University.
     
    “Our analyses found that tectonic plate activity had a profound influence on rates of coelacanth evolution. Namely that new species of coelacanth were more likely to evolve during periods of heightened tectonic activity as new habitats were divided and created,” she says.  
     
    The study confirms the Late Devonian Gogo Formation as one of the richest and best-preserved assemblages of fossil fishes and invertebrates on Earth.
     
    Flinders University Strategic Professor of Palaeontology John Long says the fossil, dating from the Devonian Period (359-419 million years ago), “provides us with some great insight into the early anatomy of this lineage that eventually led to humans”.
     
    “For more than 35 years, we have found several perfectly preserved 3D fish fossils from Gogo sites which have yielded many significant discoveries, including mineralised soft tissues and the origins of complex sexual reproduction in vertebrates,” says Professor Long.
     
    “Our study of this new species led us to analyse the evolutionary history of all known coelacanths.”
     
    Many parts of human anatomy originated in the Early Palaeozoic (540-350 million years ago). This was when jaws, teeth, paired appendages, ossified brain-cases, intromittent genital organs, chambered hearts and paired lungs all appeared in early fishes.
     
    “While now covered in dry rocky outcrops, the Gogo Formation on Gooniyandi Country in the Kimberley region of northern Western Australia was part of an ancient tropical reef teeming with more than 50 species of fish about 380 million years ago.
     
    “We calculated the rates of evolution across their 410 million-year history. This revealed that coelacanth evolution has slowed down drastically since the time of the dinosaurs, but with a few intriguing exceptions.”
     
    Today, the coelacanth is a fascinating deep-sea fish that lives off the coasts of eastern Africa and Indonesia and can reach up to 2m in length. They are “lobe-finned” fish, which means they have robust bones in their fins not too dissimilar to the bones in our own arms, and are thus considered to be more closely related to lungfish and tetrapods (the back-boned animals with arms and legs such as frogs, emus and mice) than most other fishes.
     
    Over the past 410 million years, more than more than 175 species of coelacanths have been discovered across the globe. During the Mesozoic Era, the age of dinosaurs, coelacanths diversified significantly, with some species developing unusual body shapes. However, at the end of the Cretaceous Period, around 66 million years ago, they mysteriously disappeared from the fossil record.
     
    The end Cretaceous extinction, sparked by the impact from a massive asteroid, wiped out approximately 75% of all life on Earth, including all of the non-avian (bird-like) dinosaurs. Thus, it was presumed that the coelacanth fishes had been swept up as a casualty of the same mass extinction event.
     
    But in 1938, people fishing off South Africa pulled up a large mysterious looking fish from the ocean depths, with the ‘lazarus’ fish going on to gain cult status in the world of biological evolution.
     
    Another senior co-author, vertebrate palaeontologist Professor Richard Cloutier, from the University of Quebec in Rimouski (UQAR), says the new Nature Communications study challenges the idea that surviving coelacanths are the oldest ‘living fossils’.
     
    “They first appear in the geological record more than 410 million years ago, with fragmentary fossils known from places like China and Australia. However, most of the early forms remain poorly known, making Ngamugawi wirngarri the best known Devonian coealacanth.
     
    “As we slowly fill in the gaps, we can start to understand how living coelacanth species ofLatimeria, which commonly are considered to be ‘living fossils,’ actually are continuing to evolve and might not deserve such an enigmatic title,” says Professor Cloutier, a previous honorary visiting scholar at Flinders University.
     
    The study’s coauthors have affiliations with Mahasarakham University in Thailand, the South Australian Museum, Max Planck Institute for Evolutionary Anthropology in Germany, University of Bristol, Curtin University in Western Australia and the WA Museum.
     
    The article, ‘A Late Devonian coelacanth reconfigures actinistian phylogeny, disparity, and evolutionary dynamics’ (2024) by Alice M Clement, Richard Cloutier, Michael SY Lee, Benedict King, Olivia Vanhaesebroucke, Corey JA Bradshaw, Hugo Dutel, Kate Trinajstic and John A Long has been published in Nature Communications. DOI: 10.1038/s41467-024-51238-4.
     
    https://doi.org/10.1038/s41467-024-51238-4

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Russia – MSF-Netherlands is instructed to deregister in the Russian Federation and consequently has to close its programmes in the country

    Source: Médecins Sans Frontières/ Doctors Without Borders (MSF)

    Moscow/ Amsterdam, 17 September 2024: Thirty-two years after starting work in the Russian Federation, Médecins Sans Frontières/ Doctors Without Borders (MSF) had to close its operations in the country.  

    “It is with a heavy heart that we have to close our activities in the Russian Federation,” says Yashovardhan, head of MSF programmes in the country. “Our organisation’s work is guided by the principles of independence, impartiality and neutrality and medical ethics, we provide assistance based on the needs.”

    In August this year, we received a letter from the Ministry of Justice of Russia, with the decision to withdraw the affiliate office of the non-profit association ‘Médecins Sans Frontières’ (Netherlands) in the Russian Federation from the Register of affiliate and representative offices of foreign NGOs.

    The international humanitarian medical organisation had been present in Russia since 1992. For more than 30 years, we successfully implemented dozens of programmes, ranging from assistance to the homeless to emergency response to the collaborative work with the Ministry of Health in the innovative tuberculosis treatment. We worked in various regions of the country: in Moscow, St. Petersburg, the Kemerovo region, Chechnya, Ingushetia, Dagestan and – more recently – in the Arkhangelsk and Ivanovo regions as well as in the south of Russia in Belgorod and Rostov-on-Don.

    A significant part of the history of MSF in Russia and the region was linked to the implementation of advanced approaches to the treatment of tuberculosis. MSF has collaborated with medical academic community of Russia and other countries in the Eastern Europe and Central Asia to extend effective, innovative treatment for drug-resistant tuberculosis (DR TB) to patients in penitentiary and civil sectors across the region.

    In 2004-2017, we worked in close partnership with the Chechen Ministry of Health (MoH), providing technical and advisory support to the local health authorities in the treatment of drug-sensitive and drug-resistant tuberculosis in the Chechen Republic. The programme covered different aspects of TB diagnostics, treatment, laboratory services and health education, as well as adherence counselling and psychosocial support for patients and their families. In 2014, MSF supported MoH in introducing new treatment regimens for patients with extensively drug-resistant TB which yielded impressive results giving hope to patients who previously had no treatment options left.

    In 2021, MSF and local health authorities of the Arkhangelsk region in the north of Russia started successful implementation of a nine-month all-oral course of treatment for DR TB. 173 patients were enrolled on this treatment regimen. And later, in 2023, we started enrolling patients on an even shorter – just six months-long – all-oral treatment course that was recommended by the World Health Organization in the updated treatment guidelines in late 2022.

    In Arkhangelsk and starting from 2024 in Ivanovo, MSF was providing expertise and technical assistance to health authorities with a special emphasis on implementing new treatment regimens and enhancing patients’ adherence and integrating person-centred care. To date, 41 patients in the Arkhangelsk and Ivanovo regions started treatment for DR TB within this joint programme. The aim of the collaboration was to contribute to the evidence base for more effective – less toxic, person-centred – treatment with a view to scale up these scientifically proven treatment protocols in Russia.

    In Moscow and St Petersburg since 2020, MSF partnered with two community-based NGOs to support access to general healthcare, as well as testing and treatment for infectious diseases, for people living with HIV and other vulnerable groups, such as migrants, who otherwise struggle to obtain medical assistance.  Over 14,000 medical consultations were supported for patients from these vulnerable groups.

    Since the escalation of the armed conflict in Ukraine in 2022, many people have sought safety in Russia, and MSF in partnership with local NGOs in the Belgorod and Rostov regions in the south of Russia started providing assistance to those who crossed into Russia from Ukraine and later – with the development of the situation – internally displaced people. Since the start of our response in 2022, more than 52,000 refugees and displaced people were provided with humanitarian aid and more than 15,400 received free medical, mental health and psychosocial support.

    As part of this partnership, we were also planning to respond to the humanitarian and medical needs of the internally displaced people in the Kursk region. MSF continues to stand in solidarity with people impacted by this conflict and remain steadfast in our commitment to provide humanitarian assistance to those in need, irrespective of what side of the front line they are on, should the necessary conditions for our work be provided by relevant authorities.

    “We would like to take the opportunity to thank all our colleagues in Russia for their hard work and commitment to humanitarian values we hold high as an organisation,” says Norman Sitali, MSF Operations Manager responsible for programmes in Russia. “We are very sad to conclude our programmes in the country as many people in Russia in need of medical and humanitarian assistance will now be left without the support we could have provided to them. MSF would like to still work in Russia again if and when possible”.

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Universities – Charging ahead towards future low-cost polymer zinc-ion batteries – Flinders

    Source: Flinders University

    With global demand for lithium-ion batteries fast depleting reserves of raw materials, experts are seeking safe, affordable and reliable alternatives for rechargeable batteries.
    Aqueous zinc-ion batteries (AZIBs) could be the answer to producing low-cost alternatives from abundant feedstocks, and Flinders University scientists are paving the way for the production of simple and practical polymer AZIBs using organic cathodes for more sustainable energy storage technology.
    “Aqueous zinc-ion batteries could have real-world applications,” says Associate Professor in Chemistry Zhongfan Jia, a nanotech researcher at the College of Science and Engineering at Flinders University.
    From electric vehicles to portable electronic devices, the demand and consumption of lithium-ion batteries (LIBs) have led to resource shortages and supply-chain issues of strategic metals including lithium and cobalt.
    Meanwhile, millions of spent batteries, most of which are not properly recycled, have caused enormous waste and environmental risks – which future alternatives such as AIZBs promise to reduce.
    “Among these alternatives, AZIBs stand out because of the much higher abundance of zinc in the earth’s crust (ten times more than lithium), and their low toxicity and high safety.”
    AZIBs usually use zinc metal as an anode and inorganic or organic compounds as a cathode. While substantial work has been devoted to improving the stability of zinc anodes, high-performing cathodes are needed and remain a major challenge.
    “Our research is building conductivity using nitroxide radical polymer cathodes made from cheap commercial polymer and optimised the battery performance using low-cost additives,” says Associate Professor Jia, who leads a research group working on Sustainable Polymers for Energy and Environment.
    “Our work reevaluated the use of high redox potential nitroxide radical polymers cathodes in AZIBs, and produced the highest mass loading so far,” he says, about a new online journal article in the Journal of Power Resources.
    The study, led by Flinders master student Nanduni Gamage and postdoc fellow Dr Yanlin Shi, developed a lab-made pouch battery using scaled-up polymer (at approx. cost $20 / kg), a non-fluoro Zn(ClO4)2 electrolyte, and BP 2000 carbon black ($1 / kg) without binder to provide a capacity of nearly 70 mAh g-1 and a middle discharge voltage of 1.4 V.
    With a mass loading of 50 mg cm-2, the pouch battery had a capacity of 60 mAh, which can easily power a small electric fan and a model car (see videos in the article).  
    Collaborators in the study, including Dr Jesús Santos-Peña, from the Université Paris Est Creteil CNRS in France, and other experts from the Flinders University Institute for Nanoscale Science and Technology.
    The article Converting a low-cost industrial polymer into organic cathodes for high mass-loading aqueous zinc-ion batteries (2024) by Nanduni SW Gamage, Yanlin Shi, Chanaka J Mudugamuwa, Jesús Santos-Peña, David A Lewis, Justin M Chalker and Zhongfan Jia has been published in Energy Storage Materials. 
    DOI: 10.1016/j.ensm.2024.103731.
    In collaboration with Griffith University, the team has also recently developed the organic radical/K dual-ion batteries, a technique that can also relieve dependence on lithium-ion batteries.
    This article Morphological engineering of PTAm@CNTs cathode for high-rate potassium dual-ion battery (2024) by Zhenzhen Wu, Yanlin Shi, Chanaka J. Mudugamuwa, Pan Yang, Hao Chen, Yuhui Tian, Milton Kiefel, Shanqing Zhang, Zhongfan Jia has been published in Journal of Power Resources. DOI: 10.1016/j.jpowsour.2024.235134.
    Acknowledgements: This project is supported by funding from the Australian Research Council (DP230100587, DP230100642, LE230100168) and the French-Australian International Research Network on Conversion and Energy Storage (IRN-FACES). The authors also acknowledge the Australian National Fabrication Facility (ANFF) SA node for supporting the electroanalytical and electrochemical synthesis labs at Flinders University.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Business and Tech – 25 Disruptive Technology Startups Join Morgan Stanley Inclusive Ventures Lab’s 10th Cohort

    Source: Morgan Stanley

    • Tenth Lab cohort includes 25 disruptive technology and technology-enabled startups from the Americas and EMEA
    • Five-month accelerator program to provide founders with $250,000 (£250,000) investment, as well as mentorship and business-growth resources
    • 117 companies have participated in the Lab to date.

    Morgan Stanley (NYSE: MS) today announced the 2024 global cohort of the Inclusive Ventures Lab, with 25 companies selected from the Americas and Europe, the Middle East and Africa (EMEA). Over the next five months, the companies will participate in an in-house accelerator program designed to further develop and scale technology and technology-enabled startups in the seed to Series A funding round stage.

    Chosen from thousands of applications, the 25 startups represent a range of disruptive technologies across industries such as Climate Tech, Retail, Healthcare, FinTech, SaaS, Enterprise Software, Consumer and Travel – with many incorporating AI and sustainability into their products and services. Cohort companies will receive a $250,000 investment (£250,000 in EMEA) from Morgan Stanley, as well as a variety of mentorship opportunities, a tailored entrepreneurship curriculum and business-growth resources from the firm’s ecosystem of internal and external partners.

    “In today’s challenging venture capital environment, we are proud to welcome our largest cohort of groundbreaking startups to the Inclusive Ventures Lab and are eager to support them as they scale their innovations and work to build a better world,” said Selma Bueno, Global Head of the Morgan Stanley Inclusive Ventures Group. “Each year since the Inclusive Ventures Lab’s launch in 2017, we have expanded our efforts to ensure that more entrepreneurs around the world can succeed – and this year is no different.”

    The companies selected to participate in the 2024 cohort include the following:

    • Agri-Trak digitizes small farm operations with a smart platform for real-time labor, crop yield and cost tracking to optimize productivity, sustainability and profitability (US)
    • Beta Financial provides a transparent and comprehensive small business credit scoring solution, fostering financial inclusion and access to capital through innovative AI-driven technology (US)
    • Blip Energy is building a drop-in distributed energy resource to mitigate surging peak demand, optimize energy costs for users and reduce operating costs for utilities (US)
    • Compare Ethics is an AI-powered sustainability compliance platform that reduces costs by helping retail brands simplify, streamline and scale the way they make accurate green claims (UK)
    • Darent is a vacation rental marketplace platform in Saudi Arabia for travelers to search for properties with a focus on local experiences, a secure payment system and property insurance for hosts (Saudi Arabia)
    • For The Creators is an omni-channel circular fashion marketplace where women can rent and buy high-quality clothing for each stage of motherhood (UK)
    • GroceryList is a marketplace connecting immigrants worldwide with local merchants across Latin America and the Caribbean, enabling them to purchase groceries and essentials for their loved ones back home (US)
    • HANX is a consumer platform bringing together medically designed women’s reproductive health products, prescription treatments and community-focused content (UK)
    • Hire Ground is a B2B software platform that enables enterprise buyers to source and manage third party vendors while optimizing their procurement process (US)
    • Infinite Giving is a fintech platform that enables nonprofits to raise money, manage their cash reserves, and conservatively invest and grow (US)
    • Juniver is a health company leveraging AI technology to provide personalized digital interventions for lasting eating disorder recovery (UK)
    • KSI Vision uses existing AI on store and shopping center security cameras to generate real-time customer data and increase sales conversion (Uruguay)
    • Mavity is an AI-powered operating system for design and marketing teams that connects companies with on-demand creatives to streamline asset creation (US)
    • MyARC is a platform that enables fitness content creators to train their fans at scale (UK)
    • NÜWIEL provides electric mobility solutions for the cities of today and tomorrow (Germany)
    • OVUM is a one-stop shop for fertility wellness, providing educational resources, products and services for improving fertility outcomes (UK)
    • Research Grid is an automation engine for admin-free clinical trials (UK)
    • Revere is reinventing how allocators manage their alternative asset portfolios through AI, workflow automation tools and custom reporting (US)
    • Route is a platform of business management tools for commercial cleaning companies to automate sales, streamline operations, build contractor relationships and connect the entire cleaning industry (US)
    • Sanarai connects the Latino community to mental health professionals in Latin America and the US to offer culturally sensitive, Spanish-language emotional support at accessible prices (US)
    • Soralink leverages AI and smart sensors to assist manufacturers in preventing critical machine failures (Canada)
    • Sortile provides the textile industry with a system that enables the identification, traceability and recycling of textiles (US)
    • SWYE360 Learning is a data analytics company that uses machine learning and AI in education to measure software efficacy and detect students at risk of dropping out (US)
    • Tendo Technologies addresses the challenges faced by aspiring online retail entrepreneurs in Africa by connecting independent resellers to suppliers (Ghana)
    • Zest Equity is digitizing private market transactions, building tools to streamline and ensure greater transparency in how entrepreneurs, funds and investors transact (UAE).

    Programming will culminate in February 2025 with a global Demo Day, when participating companies will present to potential investors, business partners and customers. The investment firms in attendance at the last showcase represented over $40 billion of dry powder and indicated a high level of interest following the event.

    About the Morgan Stanley Inclusive Ventures Lab
    The Morgan Stanley Inclusive Ventures Lab (MSIVL) is an intensive five-month in-house accelerator program designed to help further develop and scale startups, culminating in a showcase presentation and Demo Day to the investor community. Morgan Stanley launched MSIVL, formerly called the Multicultural Innovation Lab, in 2017 in order to address inequities in funding of startup founders, which our research shows equals over four trillion dollars in unrealized returns.

    About Morgan Stanley
    Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Universities – Unravelling an ancient European extinction mystery: disappearance of dwarf megafauna on palaeolithic Cyprus – Flinders

    Source: Flinders University

    Scientists have unravelled a mystery about the disappearance of dwarf hippos and elephants that once roamed the picturesque landscape on the Mediterranean island of Cyprus before palaeolithic humans arrived.

    Cyprus only had two species of megafauna present during the Late Pleistocene — the 500-kg dwarf elephant (Palaeoloxodon cypriotes), and the 130-kg dwarf hippo (Phanourios minor), but both species disappeared soon after humans arrived around 14,000 years ago.

    In examining the reasons behind the extinction of these prehistoric animals, research funded by the European Regional Development Fund and the Republic of Cyprus through the Research and Innovation Foundation for project MIGRATE found that palaeolithic hunter-gatherers on Cyprus could have first driven dwarf hippos, and then dwarf elephants to extinction in less than 1000 years.

    The research was led by Flinders University’s Professor Corey Bradshaw. These findings refute previous arguments that suggested the introduction of a small human population on the island could not have caused these extinctions so quickly.

    The researchers built mathematical models combining data from various disciplines, including palaeontology and archaeology, to show that palaeolithic hunter-gatherers on Cyprus are most likely the main cause of the extinction of these species due to their hunting practices.

    Professor Bradshaw, with Drs Theodora Moutsiou, Christian Reepmeyer, Frédérik Saltré, and Stefani Crabtree, used data-driven approaches to reveal the impact of rapid human settlement on driving the extinction of species soon after their arrival.

    Using detailed reconstructions of human energy demand, diet composition, prey selection, and hunting efficiency, the model demonstrates that 3,000–7,000 hunter-gatherers predicted to have occurred on the island were likely responsible for driving both dwarf species to extinction.

    “Our results therefore provide strong evidence that palaeolithic peoples in Cyprus were at least partially responsible for megafauna extinctions during the Late Pleistocene and early Holocene. The main determinant of extinction risk for both species was the proportion of edible meat they provided to the first people on the island,” says lead author, Professor Corey Bradshaw of Flinders University.

    “Our research lays the foundation for an improved understanding on the impact small human populations can have in terms of disrupting native ecosystems and causing major extinctions even during a period of low technological capacity.”

    Predictions in the model matched the chronological sequence of megafauna extinctions in palaeontological records.

    Dr Moutsiou says that “Cyprus is the perfect location to test our models because the island offers an ideal set of conditions to examine whether the arrival of populations of humans ultimately led to the extinction of its megafauna species. This is because Cyprus is an insular environment and can provide a window back in time through our data.”

    Previous findings by Professor Bradshaw, Dr Moutsiou, and collaborators have shown that large groups of hundreds to thousands of people could have arrived on Cyprus in two to three main migration events in less than 1000 years.

    The research – “Small populations of palaeolithic humans in Cyprus hunted endemic megafauna to extinction” by Corey Bradshaw, Frédérik Saltré, Stefani Crabtree, Christian Reepmeyer and Theodora Moutsiou – has been published in the Proceedings of the Royal Society B 291: 20240967. doi:10.1098/rspb.2024.0967

    The project Modelling Demography and Adaptation in the Initial Peopling of the Eastern Mediterranean Islandscape (MIGRATE, EXCELLENCE/0421/0050) is hosted at the Archaeological Research Unit, University of Cyprus and coordinated by Dr Theodora Moutsiou.

    MIL OSI – Submitted News –

  • MIL-OSI United Nations: The EU continues to support WFP in addressing the growing needs of refugees in Armenia

    Source: World Food Programme

    Yerevan, ARMENIA – The United Nations World Food Programme (WFP) welcomed a contribution of €3.5 million from the European Union (EU) to meet the urgent food needs of refugees in Armenia who fled the conflict that began last year. The EU initially allocated €2.5 million for refugees’ immediate needs, later adding €1 million as the situation worsened with 84% of the refugee population in need of food assistance in December 2023 according to a joint UN and government assessment.

    WFP is supporting around 12,500 refugees in Syunik, Gegharkunik, Lori, Shirak, and Ararat through cash assistance at the value of US$108 per person over three months. This allows families to buy nutritious food from local shops, securing their food needs and improving their well-being during this challenging time.

    “We’re deeply grateful for the EU’s contribution, which allows WFP to continue supporting thousands of refugees across the country put food on their tables in such a difficult time in their lives,’’ said WFP Representative and Country Director Nanna Skau. ‘’Thanks to this contribution, WFP is also able to apply an integrated approach that addresses both food security and emotional needs. By supporting families in this way, we help them build better livelihoods and improve their stability.”

    With the EU’s support, WFP, in partnership with World Vision (WV), is providing psychosocial assistance to 10,000 refugees by creating child-friendly spaces in schools, running self-help groups for adults, setting up community feedback channels, and offering counselling and recreational activities for children. These efforts help families relieve stress and trauma, with parents learning positive parenting skills and children having safe spaces to share their feelings and make new friends.

    “The EU continues to stand by the refugees in Armenia. Together with our trusted humanitarian partners like WFP, we are committed to delivering essential food assistance and providing access to psychosocial support to those most in need,” said the Head of EU Humanitarian Aid Regional Office in Amman Patricia Hoorelbeke. 

    WFP’s intervention complements the ongoing efforts of the Government of Armenia and its partners to support refugees by delivering food and cash assistance to the most vulnerable communities and integrating a multitrack approach to ensure long-term resilience and enhanced self-reliance among those affected.

    #               #           #

    About the World Food Programme

    The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

    Follow us on Twitter @WFPArmenia 

                                                                         

    About the European Union

    The European Union and its Member States are the world’s leading donor of humanitarian aid. Relief assistance is an expression of European solidarity with people in need all around the world. It aims to save lives, prevent and alleviate human suffering, and safeguard the integrity and human dignity of populations affected by disasters and man-made crises. Through its Civil Protection and Humanitarian Aid Operations (ECHO), the European Union helps millions of victims of conflict and disasters every year. With headquarters in Brussels and a global network of field offices, the EU provides assistance to the most vulnerable people on the basis of humanitarian needs.

    MIL OSI United Nations News –

  • MIL-OSI USA News: Remarks by Vice President Harris at the Congressional Hispanic Caucus Institute’s 47th Annual Leadership  Conference

    Source: The White House

    Ronald Reagan Building and International Trade Center
    Washington, D.C.

    12:48 P.M. EDT

    THE VICE PRESIDENT:  Good afternoon.  Good afternoon.  Good afternoon, everyone.  (Applause.)  Thank you, thank you, thank you.  Thank you.  (Applause.) Good afternoon.  Please have a seat.  Please have a seat.  Please have a seat.

    Oh, it’s good to see so many friends.

    AUDIENCE:  We love you!

    THE VICE PRESIDENT:  Oh, I love you back.  (Applause.)

     I want to recognize Chair Barragán — where are you? — my dear friend, fellow Californian.  I want to thank you for all that you do — (applause) — and all that you have done.

    CHCI Chair Espaillat, thank you for all that you are.  He — you know, I — he spent — both of them have spent time with me at my house, and we’ve — we’ve shared a lot of good stories together and — and many meals together.  And I just want to personally thank them both, because they really, as you know, are extraordinary people and extraordinary leaders and they do so much on behalf of so many.  So, thank you both for your leadership and for hosting me this afternoon.

    And to all the incredible leaders here, it is an honor to be with you again.

    And to everyone, happy Hispanic Heritage Month — (applause) — which, in my book, is every month of the year.  (Laughs.)  (Applause.) 

    So, this is a room of long-standing friends.  And many of you know my background.  My mother arrived in the United States when she was 19 years old by herself.  And I spoke about it recently, actually.  You know, my mother — I was the eldest child.  And as the eldest child, those of us who are, you know you see a lot of things in terms of what your parents go through. 

    And I would often see how my mother was treated.  She was a five-foot-tall brown woman with an accent.  And I would see how the world would sometimes treat her.

    I’m going to tell you something, and this where I come from.  My mother never lost her cool.  She never defined her sense of dignity based on how others treated her.  She was a proud woman.  She was a hardworking woman.  She had two goals in her life: to raise her two daughters — my sister Maya and me — and to end breast cancer.  She was a breast cancer researcher. 

    And growing up, our mother taught us certain fundamental values: the importance of hard work; the power of community; and the responsibility that we have to not complain about anything, much less injustice.  Right?  Because “why are you complaining about it,” she would say.  “Do something about it.”  And that’s how I was raised: Do something about it.

    And those values have guided me my entire career, from, as you heard, being a young courtroom prosecutor in Oakland, California — (applause). 

     AUDIENCE MEMBER:  Bay Area! 

    THE VICE PRESIDENT:  Wh- — Bay Area.  (Laughter.)  106.1 KMEL.  (Laughs.)  (Applause.)  That was our local radio station for hip-hop.  (Laughter.)

    But doing that work — you know, part of the background on why I became a prosecutor was actually when I was in high school, I learned that my best friend was being abused — being molested by her stepfather.  And when I learned about it, I told her she had to come and live with us.  And I called my mother, and my mother said, “Of course she does.”  And she did.

    And so, I decided I wanted to start a career and do the work of — in part, just doing the work of making sure that we protect the most vulnerable.

    And so, I started my career as a courtroom prosecutor and took on those who would be predators against the most vulnerable.

    As attorney general of California, I took on the big banks and delivered $20 billion for homeowners who were middle-class families who faced foreclosure because of predatory lending practices.  I stood up for veterans and students who were being scammed by the big for-profit colleges, knowing the — and many of whom were — had an immigrant background and were just simply

    trying to — to do the best they could to invest in themselves and their family for their future and — and the subject of — of awful scams.

     I have stood up, in my career, for workers who were being cheated out of the wages they were due and for seniors who have faced elder abuse. 

     And I say all that to say: When I stand here before you today, this is not just something that I decided to do but really is about a lifelong career that has been about fighting for the people — for the people.

    And for years, I have been proud to fight alongside the members and the leaders of this incredible caucus — (applause) — in almost all of that work.  And the work we have done together has been about so much I just talked about.  It has been about defending workers’ rights.  It has been about expanding health care for more Americans, including DREAMers.  (Applause.)  It has been about forgiving billions of dollars in student loan debt, including for many of the folks that we know — friends, relatives — who, again, have been burdened by that heavy debt and just needed to be seen — teachers, firefighters, nurses. 

     The work we have done together has been to create the National Museum of the American Latino and — (applause) — and, of course, last year, I was proud to be with a lot of the leaders here in Houston for the CHC On the Road tour.  (Applause.)

     So, I say that to say that, CHC, our work together has always been guided by shared values and by a shared vision.  However, at this moment, at this moment, we are confronting two different — very — very different — visions for our nation: one focused on the past; the other, ours, focused on the future.  

    We fight for a future for affordable health care, affordable childcare, and paid leave.  We fight for a future where we build what I call an “opportunity economy,” understanding that the people of our country, the people we know, have extraordinary ambition and aspirations and dreams of what they can be, what they can do, are prepared to do the hard work and put that hard work in, but don’t necessarily always have access to the opportunities to achieve and realize those goals.

     So, I see an America where everyone has an opportunity to own a home, to build wealth, to start a business. 

     I believe in a future — we, together, believe in a future where we lower the cost of living for America’s families so that people have an opportunity not just to get by but to get ahead. 

     And so, with the work we have done together and going forward, we will continue to lower the cost of groceries, for example, by taking on something that I think is very important to deal with, which is price gouging on behalf of big corporations.  (Applause.)

     You know, I’ve — I’ve seen that happen before.  Many of you who — who have — and are coming from states where y- — we’ve seen extreme weather conditions — in California, wildfires, and other parts of the country — or even in the pandemic, where people are desperate because of these kinds of emergencies, desperate for support.  And then some, you know, corporation — and it’s very few of them that do this — but then jack up prices to make it more difficult for desperate people to just get by.  We need to take that on.

    We need to lower the cost of housing.  We don’t have enough housing in our country.  The supply is too low, and it’s too expensive both for renters and for folks who want to buy a home.  So, we will build together millions of new homes and give first-time homebuyers $25,000 in down payment assistance.  (Applause.) 

    Because, look, people just want to get their foot in the door.  I — my mother worked hard.  She saved up.  It wasn’t until I was a teenager that she was able to buy our first home.

    And the American dream is elusive for far too many people increasingly.  And that’s why it is part of my perspective that’s let’s just do the work of giving first-time homebuyers a $25,000 down payment assistance.  (Applause.)  Let them get their foot in the door.

    We need to lower the cost of health care and continue to take on Big Pharma and cast the — cap the cost of prescription medications, yes, for our seniors, which we have done together, but for all Americans.  Because when we look at drugs like insulin, everyone here knows — first of all, Latinos are 70 percent more likely to be diagnosed with diabetes.  And with the support of the CHC, we were able to cap the cost of insulin at $35 a month for our seniors.  (Applause.)

    In fact, recently, I was in Nevada.  I’m — I’m in these streets.  Let me tell — I’m everywhere.  (Laughter.)  But I was recently in Nevada, and a woman came up to me with tears in her eyes, and she showed me the receipts for her mother’s insulin.  And it used — she show- — and I was — she showed me many papers, and I said, “Tell me what these are.”  And she said, “Well, these are the receipts, and I want you to see where it used to cost us hundreds if not a thousand dollars a month, but no more.” 

    The work we are doing together, the very purpose of CHC and all of the leaders here includes have a real impact on real people.  And I have the blessing of being able to travel our country and see it every day.  It’s extraordinary work that is happening because of the leaders here.

    We, because of our work together, have finally given Medicare the power to negotiate lower drug prices with Big Pharma. 

    And understand, if my opponent, Donald Trump, wins, his allies in Congress intend to end Medicare and end Medicare’s negotiating power.  As they remind us again this week, they are essentially saying — check this out, because if — because, you know, you have to ask why, right?  So, why would you want to end Medicare’s negotiating power against Big Pharma?  And essentially, they’re saying that it’s not fair to Big Pharma.  (Laughs.)  That’s essentially what they’re saying.

    But I’ll tell you what’s not fair.  What’s not fair is that our seniors for too long have had to cut pills in half because they cannot afford their full medication.  (Applause.)  That’s not fair.  It’s not fair that our seniors have had to choose between filling their prescriptions and putting food in their refrigerator or paying their rent.  That’s not fair. 

    And that’s why we will continue to do our work together, including fight Project 2025, an agenda that would cut Medicare and increase the cost of health care in our country.  (Applause.)  Because we stand with the people and on the side of the people. 

    We will cut taxes for working families, including restoring and expanding the Child Tax Credit.  (Applause.)  Because we know this is the kind of work that must happen if we are to be true to our values and be true to understanding that — that parents, in particular young parents, need that support.  We — when we — when we extended the Child Tax Credit, cut child poverty by 50 percent — by half.  Think about what that meant for so many families.

     The vast majority of parents have a desire to raise their children well.  They love their children but don’t necessarily have the resources to do everything their child needs.  I grew up understanding the children of the community are the children of the community, and we should all have a vested interest in ensuring that children can go — grow up with the resources that they need to achieve their God-given potential.

     So, I know where I come from.  And we have to always put — and I know CHC agrees with this, and this is part of our collective life’s work — we have to put the middle class first; we have to put working families first, understanding their dreams and their desires and their ambitions deserve to be invested in and it will benefit everyone.  (Applause.)

    And together, CHC, we must also reform our broken immigration system — (applause) — and protect our DREAMers and understand we can do both — create an earned pathway to citizenship and ensure our border is secure.  We can do both and we must do both.  (Applause.)

     And while we fight to move our nation forward to a brighter future, Donald Trump and his extremist allies will keep trying to pull us backward.  We all remember what they did to tear apart families.  And now they have pledged to carry out the largest deportation — a mass deportation — in American history.  

     Imagine what that would look like and what that would be.  How is that going to happen?  Massive raids?  Massive detention camps?  What are they talking about?

     They also will give billions of dollars of tax cuts to billionaires and corporations — massive tax cuts; pardon January 6th perpetrators who attacked our Capitol, not far from here.  They would cut Social Security and Medicare.  They intend to end the Affordable Care Act and threaten the health care of more than 5 million Latinos in our country.  All based on — I’m sure many of you saw the debate — (applause) — so, on that point about the Affordable Care Act — all based on “concepts of a plan.”  (Laughter and applause.)  “Concepts.”  “Concepts.”

     Their Project 2025 agenda would pull our nation backward.  But we are not going back.  We are not going back.  (Applause.)  We are not going back. 

    Instead, together, we will chart a new way forward because ours is a fight for the future.  And it is a fight for freedom — the freedom to vote, the freedom to be safe from gun violence, the freedom to live without fear of bigotry and hate, the freedom to love who you love openly and with pride, and the freedom of a woman to make decisions about her own body — (applause) — and not have her government telling her what to do.  (Applause.)  

    And understand, on that last point, how we got here.  Everyone here knows.  Donald Trump hand-selected three members of the United States Supreme Court with the intention that they would do just what they did, which is to overturn the protections of Roe v. Wade.  And now, in more than 20 states, we have a Trump abortion ban, which criminalized health care providers — in one state, providing prison for life.

    You guys may have heard the story — many here — about the stories about — the horrendous most recent story is about what happened in Georgia.

     Many of these Trump abortions bans that make no exception for rape or incest, it’s immoral.  It’s immoral.

     And today, 40 percent of Latinas in America live in a state with a Trump abortion ban. 

     So, imagine if she is a working woman — understand that the majority of women who seek abortion care are mothers — understand what that means for her.  So, she’s got to now travel to another state.  God help her that she has some extra money to pay for that plane ticket.  She’s got to figure out what to do with her kids.  God help her if she has affordable childcare.  Imagine what that means.

    She has to leave her home to go to a airport, stand in a TSA line — like, think about this.  You know, everybody here is — is — you’re policy leaders.  I always say to my team, especially the young people I mentor, on any public policy, you have to ask, “How is this going to affect a real person?”  Ask how it would affect a real people.  Go through the details.

     So, she’s got to stand in a TSA line to get on a plane, sitting next to a perfect stranger, going to a city where she’s never been, to go and receive a medical procedure.  She’s going to have to get right back to the airport, because she — got to get back to those kids.  And it’s not like her best friend can go with her, because the best friend is probably taking care of the kids.  All because these people have decided they’re in a better position to tell her what’s in her best interest than she is to know.
        
     It’s just simply wrong.

    And I think we all know one does not have to abandon their faith or deeply held beliefs to agree the government should not be telling a woman what to do.  If she chooses — (applause) — if she chooses, she will talk with her priest, her pastor, her rabbi, her imam, but not the government telling her what to do.

     And I pledge to you, when CHC helps pass a law to restore reproductive freedoms, as president of the United States, I will proudly sign it into law.  (Applause.)  Proudly.  Proudly. 

     So, friends, we have some work to do — in fact, a lot of hard work ahead of us.  But we like hard work.  Hard work is good work.  Hard work is joyful work, I say.  And I truly believe that America is ready to turn the page on the politics of division and hate. 

    And to do it, our nation is counting on the leaders here, your power, your activism.  And so, I thank you in advance for your work to register people to vote and get people to the polls.  Each of us has a job to do.

    As we celebrate this month, we know we stand on broad shoulders of people before us who have passed us now the baton — those heroes who fought for freedom who have now passed the baton onto us.

         And the bottom line is: We know what we stand for, so we know what to fight for.  And when we fight —

         AUDIENCE:  We win.

         THE VICE PRESIDENT:  — we win.

         God bless you.  And God bless the United States of America.  Thank you.  (Applause.)

                                 END                1:08 P.M. EDT

    MIL OSI USA News –