Category: European Union

  • MIL-OSI United Kingdom: ABC Youth Voice brings young people’s priorities to Stormont

    Source: Northern Ireland City of Armagh

    Young leaders from ABC Youth Voice took centre stage at Stormont Parliament Buildings recently as part of a two-day engagement programme which focused on bringing youth perspectives on key issues affecting society today.

    The visit to Stormont was a highlight of the initiative’s residential programme in Belfast, during which ABC Youth Voice members hosted a series of impactful panel discussions. The panels tackled pressing topics including Mental Health and Substance Misuse, Disability Awareness, and Ending Violence Against Women and Girls.

    The discussions brought together a wide range of voices, featuring political representatives, statutory sector agencies, non-governmental organisations, and independent advocates — creating a powerful platform for dialogue between young people and decision-makers.

    ABC Youth Voice empowers young people to represent their peers across the borough and speak up on the issues that matter most to them. It provides a platform for advocacy, leadership development, and meaningful engagement with local governance.

    Members meet regularly to identify and address shared concerns facing young people in the region and offers participants opportunities for training, residential experiences, and community-building.

    ABC Youth Voice is a joint initiative between Armagh City, Banbridge and Craigavon Borough Council and the Education Authority, part-supported through The Executive Office’s District Councils Good Relations Programme.

    MIL OSI United Kingdom

  • MIL-OSI: The UK, the Netherlands, Egypt and Saudi Arabia among likely winners in the changing world order

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 28, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI) studies over 250 indicators of complexity in 79 jurisdictions that represent 94% of the world’s GDP. The complexity that the report measures is a dead-weight burden on business that stifles local innovation and deters foreign direct investment with no obvious societal benefit. The report has consistently shown that countries in Southern Europe and Latin America are the most complex for doing business and that continues to be true in 2025. At the other end of the scale, the least complex places to do business tend to be in Northern Europe and several of the offshore investment hubs. These all compete for investment on the basis of the ease of doing business there and have adopted less onerous requirements, as well as more efficient ways for firms to manage them.

    The report notes that complexity is relatively straightforward to navigate, at least for larger multinationals able to absorb the cost of complying with local rules. What is much harder to deal with is uncertainty. US-led sanctions, lockdowns in China and the Suez blockage had already begun a shift in globalisation towards more diversified supply chains, with companies seeking to reduce their reliance on single countries for sourcing, building or selling their products. A part of that solution noted in last year’s report was the rise of connector economies like Mexico, Philippines and Vietnam, bridging trade between China and the US in the so-called ‘China plus one’ strategy. That strategy has now fallen foul of US tariffs, set to reflect a country’s trade surplus in goods with the US and so punishing countries with connector status.

    Even if tariffs abate, their launch and rapid shifts point to an underlying risk for companies trading from countries with a high US trade surplus. The report notes a drop in confidence in stability, with the majority of jurisdictions (55%) reporting prioritisation of trade corridor diversity. It identifies a number of countries that might now emerge as the new connectors — with low levels of complexity pointing to business-friendly rules, a low US trade surplus pointing to less likely retaliatory action, a reasonable size and sophistication of economy to support a variety of activity at scale and absorb investment without tipping heavily into US trade surplus, and a multipolar stance that should allow them to trade across different blocs. Those countries include the UK and the Netherlands in Europe, Egypt and Saudi Arabia in the Middle East and Australia and Hong Kong in Asia Pacific.

    The report finally notes that at a time of great uncertainty for global trade — and in particular, trade with the US — governments should focus on making their countries less complex places to do business whilst seeking trade agreements across different blocs to encourage cross-investment. It also notes that companies will need to further diversify their supply chains. That will add to their internal complexity and costs. At the same time, companies can help themselves by simplifying their arrangements for managing those supply chains, with many having excessive numbers of legal entities for their geographic scope along with large numbers of suppliers to help manage them.

    TMF Group’s CEO Mark Weil, said:

    “The real challenge for businesses today isn’t complexity, it’s uncertainty. With rising trade tensions, a shifting geopolitical landscape and economic unpredictability, companies are forced to make decisions in an environment that can change overnight. Tariffs are just the latest signal of the risks of supply chain concentration. Diversification is a necessity in this context, although it comes with a cost. The good news is that businesses can offset some of the complexities of diversification by reducing their own internal intricacies. Our benchmarking reveals stark differences in structural complexity among similar firms. We see an opportunity here: by simplifying their structures and support models — for example, by having fewer legal entities and a few trusted global partners — businesses can gain flexibility. Done right, this can improve efficiency and agility as firms navigate an uncertain world.”

    Media Contacts
    Marina Llibre Martin, Global PR Manager
    marina.llibremartin@tmf-group.com

    The MIL Network

  • MIL-OSI: Nokia and blackned to create next-generation deployable tactical networks for the defense sector

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and blackned to create next-generation deployable tactical networks for the defense sector

    • Companies sign agreement to provide advanced, deployable mobile communication systems for military battlefield operation.
    • Tailored for Germany’s defense requirements, with adaptability for international use.
    • Leverages Nokia’s cutting-edge 5G technology and blackned’s expertise in defense digitalization to enable high performance, scalability and strategic advantage.

    28 May 2025
    Espoo, Finland – Nokia and blackned GmbH, in which the Düsseldorf-based technology group Rheinmetall holds a 51% stake, have entered into a memorandum of understanding to create advanced deployable tactical networks for the defense sector, the companies announced today. The partnership brings together Nokia’s 5G technology and blackned’s expertise in defense digitalization to develop high-performance, next-generation tactical communications solutions that provide secure and reliable connectivity for military operations in the field.

    Under the agreement, the companies will integrate their respective product and solution portfolios to design a unique, deployable communication system tailored to Germany’s defense needs and adaptable for use in other countries. This collaboration will leverage Nokia’s 5G tactical communications technology and blackned’s software-based defense solutions, creating an ideally integrated platform for the Rheinmetall Battlesuite.

    Deployable tactical networks are cutting-edge, mobile solutions designed for quick deployment and extended reach. Built for various battlefield environments, these systems provide reliable, uninterrupted connectivity and high data rates for military teams supporting the Software Defined Defense paradigm. These deployable tactical networks enhance situational awareness, speed up decision making and improve asset co-ordination.

    “blackned is dedicated to advancing innovation in defense digitalization, and our agreement with Nokia represents an important milestone in that mission. Together, we will provide powerful, flexible and future-ready tactical network solutions built for the realities of modern defense, said” Timo Zaiser, CTO at blackned GmbH.

    “In a rapidly evolving tactical environment, speed, mobility and adaptability are paramount. Through the partnership with blackned, our 5G technology will empower defense forces to deploy robust communication capabilities swiftly and share intelligence more effectively, providing our customers with a decisive advantage on the battlefield,” added Giuseppe Targia, Head of Space and Defense at Nokia.

    Multimedia, technical information, and related news
    Web Page: Nokia Defense
    Web Page: Nokia 5G
    Product Page: AirScale Radio Access
    Web Page: Rheinmetall Digitalization
    Web Page: Rheinmetall Connectivity

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

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

    About blackned
    Since its foundation in 2009, blackned GmbH has specialised in the development of software-based defence solutions. With the tactical middleware RIDUX and the management system XONITOR, the company forms the core of an advanced architecture for the digitalisation of land forces. As the technical foundation of the Rheinmetall Battelsuite, the TACTICAL CORE digital ecosystem provides a future-proof and open framework for implementing digitalisation projects within NATO armed forces.

    blackned GmbH has been developing and realising customised, mission-critical communications solutions in the field of highly mobile, deployable networks for 15 years. With now six locations and over 200 employees worldwide, blackned is a leader in the industry. Since 2025, the Düsseldorf-based technology group Rheinmetall has been the majority shareholder of the company. The company’s expertise and commitment enable the development of innovative solutions that meet the requirements of modern armed forces and drive digital transformation.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Rheinmetall Head of Public Relations
    Oliver Hoffmann
    E-mail: oliver.hoffmann@rheinmetall.com 

    The MIL Network

  • MIL-OSI Security: Senior officials from NATO Allies and partners gather for NATO’s first Southern Neighbourhood Security Dialogue

    Source: NATO

    NATO’s Special Representative for the Southern Neighbourhood, Javier Colomina, convened NATO’s first Southern Neighbourhood Security Dialogue of Senior Officials, which was held yesterday (27 May 2025), at the NATO Joint Force Command in Naples (Italy).

    “Our gathering in Naples comes as a result of the decision taken by Allied leaders at NATO’s Washington Summit last summer – to adopt a Southern Neighbourhood Action Plan for a stronger, more strategic and result-oriented approach towards the region. We are approaching the first anniversary of the adoption of the Plan; this Security Dialogue is a reflection of how far we have come in ensuring that the southern neighbourhood is systematically included in NATO’s agenda,” Mr. Colomina pointed out. He added that this initiative “provides a unique opportunity to discuss the evolving security situation in the region, and to exchange views on our priorities for cooperation, with the direct involvement of our capitals.” 

    NATO’s Special Representative also illustrated the development of a NATO–Southern Neighbourhood Partners’ Agenda for Tackling Security Challenges. This document was produced in consultation with Mediterranean Dialogue (MD) and Istanbul Cooperation Initiative (ICI) partners, and was endorsed by NATO Foreign Ministers at their meeting in Brussels in April. It identifies priority areas for thematic dialogues, including strategic perspectives on regional security, counter-terrorism, cyber defence, maritime security, countering information threats, scientific cooperation, Small Arms and Light Weapons and Mine Action (SALW/MA), and climate change and security.

    The event was co-organised by the office of the NATO Secretary General’s Special Representative for the Southern Neighbourhood and the Italian Ministry of Foreign Affairs and International Cooperation. It featured around 90 participants from NATO Allies, partner countries from NATO’s Mediterranean Dialogue and Istanbul Cooperation Initiative,and regional organisations.

    MIL Security OSI

  • MIL-Evening Report: Nobel laureate Brian Schmidt is ‘scared’ about Australia’s research capacity – this is why

    Source: The Conversation (Au and NZ) – By Brendan Walker-Munro, Senior Lecturer (Law), Southern Cross University

    On Wednesday, Nobel laureate Brian Schmidt and economics professor Richard Holden gave a joint address to the National Press Club in Canberra. Their key message? Australia isn’t spending enough money on university research.

    Schmidt wants to ensure Australia can undertake research vital to our national interests.

    “I look around and I am scared,” Schmidt said. “The Australian government investment in its sovereign research capability was 50% higher 15 years ago as a fraction of GDP.”

    In his remarks, Holden warned, “we’ve become addicted to funding […] research capability through international student income”.

    If this sounds familiar, both Schmidt and Holden have made similar calls before. And their press club presentation follows constant and repeated repeated calls from the university sector for more funds.

    How much is Australia spending on research and how does this compare to other countries?

    How does Australia compare?

    When we look around the world, Australia is lagging when it comes to research spending. Australia spends roughly 1.7% of its Gross Domestic Product (GDP) on all forms of research and development.

    Our research expenditure has also decreased every year since 2008, according to the Australian Academy of Science.

    Meanwhile, based on World Bank data, the United States spends about 3.59% of their GDP on research. China might only spend 2.56% of its GDP, but that’s 2.56% of around US$18.7 trillion (A$29 trillion) – meaning China spends about US$500 billion ($778 billion) on research annually.

    The OECD average (across 38 member countries) is 2.7%, a full percentage point higher than Australia. We’re also underspending compared to other nations smaller than us, including:

    – Finland has a population roughly one-fifth of Australia and spends 2.96% of its GDP on research

    – Sweden has a population of about 10 million and spends 3.41%.

    Australia’s top research universities (the Group of Eight), argue Australia needs to work towards a target of 3% GDP to “underwrite national prosperity”.

    The funding we have is unstable

    Australia’s university research funding also lacks stability.

    Government only funds part of university research – so universities have to come up with the rest. This adds a layer of vulnerability to our research system.

    One of the key sources of university-generated funding is international student fees.

    This means if there are cuts to overseas students – as we saw during COVID and as we see now due to federal government policy changes – there is a flow-on impact on research funding.

    Repeated calls for more funds have been ignored

    Universities have been asking for more money for years and these requests have been ignored by both sides of politics.

    But while the requests may not change, the global security context is shifting. As Schmidt told the press club,

    We can expect new technologies based around small-scale automated machines, hypersonic missiles and computer warfare to feature prominently if we are to have future conflicts between advanced economies.

    In such a case the research capability of a country will be incredibly important at influencing the overall winners and losers, because once the conflict starts, you ‘have what you got’.

    If we don’t properly fund universities to do cutting-edge research, such as quantum science, robotics and cybersecurity, researchers will go elsewhere to do their work. And some funders might not have Australian interests at heart.

    China, Russia and the European Union have leapt on US President Donald Trump’s recent decisions to defund or halt research programs, creating funds worth billions of dollars to woo scientists and scholars from the US to their own countries.

    What options do we have?

    The Albanese government has commissioned a strategic review of Australia’s research and development sector (led by Tesla chair Robyn Denholm), which is due to report by the end of the year. Part of its remit is to look at “mechanisms to improve coordination and impact of [research and development] funding and programs […].”

    In an ideal world, this will prompt the federal government up its funding of research, to match other countries. But previous unheard calls suggests this is unlikely.

    But we can also be more creative. Perhaps industry can fill the gap with an Australian “Silicon Valley” where emerging industries can be clustered with universities in research partnerships. This is what some authors have called “innovation precincts”.

    We could also look at prioritising industry-based PhDs, so postdoctoral students have a research job when they graduate. Or we could consider reallocating government funds going to other sources, such as defence, on topics of military or intelligence importance.

    This could see university funding pools become broader and deeper, more diversified and better suited to our national interests.

    Brendan Walker-Munro has completed paid consultancies for the Australian Strategic Policy Institute and Independent National Security Legislation Monitor. He receives funding from the Australian Government under the Australia-India Cyber and Critical Technologies Partnership.

    ref. Nobel laureate Brian Schmidt is ‘scared’ about Australia’s research capacity – this is why – https://theconversation.com/nobel-laureate-brian-schmidt-is-scared-about-australias-research-capacity-this-is-why-257717

    MIL OSI AnalysisEveningReport.nz

  • Operation Sindoor outreach: Sanjay Jha-led Indian delegation reaches Indonesia

    Source: Government of India

    Source: Government of India (4)

    The Janata Dal (United) MP Sanjay Jha-led delegation arrived in Indonesia’s capital city, Jakarta, on Wednesday after successfully wrapping up the Singapore visit, conveying India’s unequivocal stance against terrorism.

    “The All-Party Parliamentary Delegation, led by Sanjay Kumar Jha, arrived in Jakarta as part of India’s diplomatic outreach on Operation Sindoor. India stands committed to fighting terrorism in all its forms and manifestations. Through this outreach, India sets out to seek understanding and support of its historic friend and Comprehensive Strategic partner,” the Indian Embassy in Jakarta posted on X.

    During the course of their stay in Jakarta, the delegation will engage with members of the Indonesian government, parliamentarians, leaders of political parties, the ASEAN Secretary General, resident ambassadors, think tanks, academia, media, and a cross-section of the Indian community in Indonesia.

    The delegation led by Jha includes BJP MPs Aparajita Sarangi, Brij Lal, Hemang Joshi, and Pradan Baruah, Trinamool Congress MP Abhishek Banerjee, CPI(M) Rajya Sabha member John Barittas, senior Congress leader Salman Khurshid and Former Indian Ambassador to France Mohan Kumar.

    After successfully completing their engagements in Singapore, South Korea, and Japan, the delegates will now highlight the significance of Operation Sindoor and India’s continued fight against Pakistan-sponsored cross-border terrorism to the Indonesian leadership.

    Earlier on Tuesday, the Indian parliamentarians met Singaporean Ministers Edwin Tong, Sim Ann and Janil Puthucheary and reaffirmed India’s unwavering commitment to combat terrorism in all its forms.

    They also engaged with Singaporean Members of Parliament, senior business and community leaders, representatives of think-tanks, academia, media, and the Indian diaspora.

    “During the interactions with Singaporean interlocutors, the delegation conveyed India’s stance on the events since the terror attack in Pahalgam, Operation Sindoor, and the new normal in India’s strategy against terrorism,” the Indian High Commission in Singapore said in a statement.

    “They briefed about the new benchmark in India’s fight against terrorism; India will give a fitting reply if there is a terrorist attack on India, India will not tolerate any nuclear blackmail, and India will not differentiate between the government sponsoring terrorism and the masterminds of terrorism. The delegation requested continued support from Singapore in the fight against terrorism,” the statement added.

    (IANS)

  • MIL-OSI: ADVANT Nctm Selects iManage to Power Flexible, Secure Document and Email Management Across Global Legal Practice

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 28, 2025 (GLOBE NEWSWIRE) — iManage, the company dedicated to Making Knowledge Work™, today announced that ADVANT Nctm, one of Italy’s leading independent law firms, has selected iManage to transform its approach to document and email management.

    Firm cites iManage’s ability to enhance usability, ensure compliance, and support seamless collaboration across teams and geographies as key factors in selection.

    ADVANT Nctm chose iManage after a thorough evaluation of leading content management solutions. The firm emphasized the need for a platform that is intuitive for legal professionals, supports structured organization, and integrates smoothly with its macOS-based infrastructure. iManage stood out for its ability to support structured, user-friendly organization of content—while also delivering the advanced capabilities firms need to manage information securely, maintain visibility, and work more efficiently—crucial for efficient collaboration and secure knowledge management.

    “ADVANT Nctm has always been characterized by the very high interest in the development of legal tech solutions able of improving the work of lawyers and, consequently, the quality of services offered to clients,” said Patrizia Circosta, lawyer and Knowledge Manager of ADVANT Nctm. “It is with this purpose that the firm has decided to adopt iManage as a document management system to be combined with our iLex platform: we are confident that the integration of the two systems will give excellent results optimizing the quality of our work.”

    More than 350 professionals at ADVANT Nctm will use iManage to coordinate across matters, maintain consistent access to content, and ensure compliance with Italy’s rigorous cybersecurity requirements. The firm plans to integrate iManage into its existing identity and access management platform, enabling secure, streamlined access across teams and practice groups.

    Ounet Sistemi, iManage’s Italian partner, allowed the customer to evaluate the solution in all its components and placed in the context of the Italian market. Ounet Sistemi, thanks to the experience gained through projects carried out in Italy and abroad, guarantees the customer the support and consultancy necessary for the realization of a successful project.

    As part of the ADVANT alliance—with member firms in Germany and France that also use iManage—ADVANT Nctm will benefit from greater alignment in tools and processes, strengthening cross-border collaboration and knowledge sharing. The implementation underscores the firm’s commitment to leveraging trusted, enterprise-grade solutions to drive better business outcomes through secure, centralized knowledge management.

    “ADVANT Nctm’s selection of iManage reflects a growing demand across Europe for document and email management solutions that combine user-friendly design with robust governance,” said Suzanne Walmsley, Senior Director of European Sales at iManage. “Our AI-enabled platform is purpose-built to help knowledge workers operate smarter, faster, and safer—making it an ideal fit for firms like ADVANT Nctm that are focused on long-term productivity and client service.”

    Meet Us at Future Lawyer Europe – Milan

    iManage will be exhibiting at Future Lawyer Europe on May 28–29, 2025, at the Hotel Principe di Savoia in Milan. Visit us at Stand #2 to explore how our platform is helping legal professionals modernize knowledge work with smarter, more secure document and email management.

    About iManage
    iManage is dedicated to Making Knowledge Work™. Our cloud-native platform is at the center of the knowledge economy, enabling every organization to work more productively, collaboratively, and securely. Built on more than 20 years of industry experience, iManage helps leading organizations manage documents and emails more efficiently, protect vital information assets, and leverage knowledge to drive better business outcomes. As your strategic business partner, we employ our award-winning AI-enabled technology, an extensive partner ecosystem, and a customer-centric approach to provide support and guidance you can trust to make knowledge work for you. iManage is relied on by more than one million professionals at 4,000 organizations around the world. Visit www.imanage.com to learn more.

    Follow iManage via:
    LinkedIn: https://www.linkedin.com/company/imanage
    X: https://x.com/imanageinc
    YouTube: https://www.youtube.com/@iManage 

    Press contact:
    Alicia Saragosa, iManage
    press@imanage.com

    The MIL Network

  • MIL-OSI: Notice to attend the Annual General Meeting in Anoto Group AB (publ)

    Source: GlobeNewswire (MIL-OSI)

    The shareholders of Anoto Group AB (publ) (the “Company”) are hereby invited to attend the Annual General Meeting (the “AGM”) to be held on Friday 27 June 2025 at 10 a.m. at the premises of Setterwalls Advokatbyrå, Sturegatan 10 in Stockholm, Sweden.

    Notification of participation

    Shareholders wishing to attend the AGM must

    • be entered as shareholders in the share register maintained by Euroclear Sweden AB no later than on Wednesday 18 June 2025,
    • notify the Company of their intention to participate no later than on Monday 23 June 2025.

    Attendance is to be notified by e-mail to AGM@anoto.com. The notification should state name, social security number/corporate identification number and registered number of shares. To facilitate admittance to the AGM, proxies, registration certificates and other authorisation documents should be submitted to the Company by email to AGM@anoto.com no later than on Monday 23 June 2025 to facilitate entry to the meeting. The Company provides proxy forms on the Company’s web page www.anoto.com.

    To be entitled to participate in the AGM, shareholders whose shares are held in the name of a nominee must, in addition to providing notification of their participation in the AGM, re-register the shares in their own name so that the shareholders are registered in the share register on the record date on Wednesday 18 June 2025. This re-registration may be temporary (so-called “voting right registration”) and is carried out through the nominee according to their procedures at a time predetermined by the nominee. Voting rights registration that has been completed by the nominee no later than Monday 23 June 2025, are considered when preparing the share register.

    Proxies

    If shareholders wish to attend the AGM through a proxy, a written and dated power of attorney signed by the shareholder must be enclosed with the notification. The power of attorney form is available on the Company’s website www.anoto.com.  If the shareholder is a legal entity, a registration certification or an equivalent authorisation document must be enclosed along with the notification. 

    Proposed agenda

    1. Election of Chairman
    2. Preparation and approval of voting list
    3. Approval of the agenda
    4. Election of one or two persons to verify the minutes
    5. Determination of whether the Meeting has been duly convened
    6. Presentation of the Annual Report and the Auditor’s Report and the consolidated Annual Report and consolidated Auditor’s Report
    7. Resolution on
      1. adoption of the Income Statement and the Balance Sheet, and the consolidated Income Statement and consolidated Balance Sheet
      2. appropriation of the Company’s profit or loss pursuant to the adopted Balance Sheet
      3. discharge for liability of the Board members and the Chief Executive Officer
      4. Determination of the number of Board members and auditors
      5. Determination of remuneration for the Board members and the auditors
      6. Election of Board members, Chairman of the Board of Directors and auditor
      7. Resolution on adoption of guidelines for remuneration to senior executives
      8. Resolution on approval of the remuneration report
      9. Resolution on a long-term incentive program (LTIP 2025) for the management team and other key employees
      10. Resolution to authorise the Board of Directors to resolve on directed issue of Series C shares
      11. Resolution to authorise the Board of Directors to resolve on repurchase of Series C shares and transfer of ordinary shares to participants under incentive programs and to secure payment of social security charges
      12. Share swap agreement with external party to hedge LTIP 2025
      13. Resolution to authorise the Board of Directors to issue new ordinary shares, warrants and/or convertible bonds
      14. Closing of the Meeting
      15. The Principal Shareholders’ proposals

        Election of Chairman (item 1)

        DDM Debt AB, Stolkin Helicopters Ltd. and Mark Stolkin (the “Principal Shareholders“), propose that Jörgen S. Axelsson be elected as Chairman of the Meeting.

        Determination of the number of Board members and auditors (item 8)

        The Principal Shareholders propose that the Board of Directors shall consist of four members elected by the General Meeting, with no deputy members.

        Determination of remuneration for the Board members and the auditors (9)

        The Principal Shareholders propose that the total remuneration to the Board of Directors shall amount to SEK 1,800,000, of which SEK 900,000 shall be paid to the Chairman of the Board and SEK 300,000 to each of the other Board members elected by the General Meeting who are not employed by the Group.

        The Principal Shareholders also propose that the auditor’s fee shall be paid in accordance with approved invoices.

        Election of Board members, Chairman of the Board of Directors and auditor (item 10)

        For the period until the end of the next Annual General Meeting, The Principal Shareholders propose the re-election of Kevin Adeson, Alexander Fällström, Gary Stolkin, and Adrian Weller as members of the Board of Directors. The Principal Shareholders further proposes the re-election of Kevin Adeson as Chairman of the Board.

        The Principal Shareholders propose that the registered audit firm BDO Mälardalen AB be re-elected as the Company’s auditor for the period until the end of the next Annual General Meeting.

        The Board of Directors’ proposals

        Resolution on appropriation of the Company’s profit or loss pursuant to the adopted Balance Sheet (item 7b)

        The Board of Directors proposes that the AGM shall resolve not to distribute any dividends for the financial year 2024 and the distributable profits are carried forward. 

        Resolution on adoption of guidelines for remuneration to senior executives (item 11)

        The Board of Directors proposes that the AGM resolves on the guidelines below for the determination of remuneration and other employment conditions for the CEO and other Executives to apply until the Annual General Meeting 2029, unless circumstances arise that requires prior revision. Remuneration included in the guidelines shall include salary and other remuneration to the Senior Management. Remuneration is also including the transfer of securities and the granting of the right to acquire securities from the Company in the future.

        The guidelines’ promotion of the Company’s business strategy, long-term interests and sustainability

        The purpose with the remuneration package is that Anoto shall have compensation levels and terms of employment that are required to attract and retain Senior Executives with high competence and ability to achieve set goals, implement Anoto’s strategy and achieve Anoto’s long-term interests and sustainability.

        The decision-making process to determine, review and implement the guidelines

        The Remuneration Committee consists of all members of the Board of Directors. The committee’s tasks include preparing the Board of Directors’ decision relating to remuneration guidelines, remuneration and other terms of employment for the Senior Management of the Company. The Remuneration Committee shall also monitor and evaluate ongoing and completed programs during the year for variable remuneration to the Senior Management of the Company. They shall also follow and evaluate the application of the guidelines for remuneration to the Senior Management of the Company that the Annual General Meeting is required by law to adopt as well as the applicable remuneration structures and remuneration levels in the Company.

        The Board of Directors shall prepare proposals for new guidelines at least every four years and submit the proposal to the Annual General Meeting for resolution. The CEO and other members of the Senior Management do not participate in the Board of Directors’ processing of and resolutions regarding remuneration-related matters in so far as they are affected by such matters.

        Stock related incentive plans are to be determined by the AGM. Issues and transfers of securities determined by the AGM according to the rules of Chapter 16 in the Swedish Companies Act are not comprised by these guidelines in case the AGM has or will make such decisions.

        Board Members of the Company, elected by the AGM, may in special cases receive a fee for services performed within their respective area of expertise, separately from their board duties and for a limited period of time. Compensation for these services shall be paid at market terms.

        Types of remuneration

        The remuneration offered shall be on market terms and may consist of the following; fixed salary, variable salary, pension benefits and other benefits. The General Meeting can also – without consideration of these guidelines – resolve on, for example, share and share price related programs and remuneration. 

        Fixed salary

        The remuneration in terms of fixed salary shall be in proportion to the Executive’s experience, responsibility and authority.

        Variable cash payments

        The variable remuneration shall be in proportion to the Executive’s responsibility and authority. Thereto, it shall be maximized and based on achievement of goals that coincides with the shareholders long-term interests. The variable part shall, where applicable, be based on quantitative and qualitative goals. The variable salary shall not be pensionable.

        The total cost for the Company for the variable remuneration shall at most amount to 50 per cent of the total cost for fixed salary for this group based on achievement of goals.

        Pension

        Anoto offer its employees a premium based pension plan, which shall be on market terms. Pension benefits may at most amount to 35 per cent of the fixed salary.

        Other benefits

        Other Benefits may consist of conventional benefits such as healthcare and housing allowance in accordance with local practice.

        Termination of employment

        In the event of termination of employment by the Company, the CEO has six months’ notice period. Except for ordinary salary, there are no agreed upon severance pay during the notice period. Other members of the Senior Management have up to three months’ notice period.

        Salary and employment conditions for employees

        Salary and employment conditions for the employees of the Company have been taken into account in the preparation of these remuneration guidelines by including information on the employees’ total income, the components of the remuneration and the increase and growth rate over time have been part of the Remuneration Committee’s and the Board of Directors’ basis of decision when evaluating whether the guidelines and the limitations set out herein are reasonable.

        Derogation from the guidelines

        The Board of Directors may resolve to derogate from the guidelines, in whole or in part, if in a specific case there is special cause for the derogation and a derogation is necessary to serve the Company’s long-term interests, including its sustainability, or to ensure the Company’s financial viability.

        Resolution on approval of remuneration report (item 12)

        The Board of Directors proposes that the AGM resolves to approve the Board of Directors´ report regarding compensation pursuant to Chapter 8, Section 53 a of the Swedish Companies Act (2005:551).

        Resolution on a long-term incentive program (LTIP 2025) for the management team and other key employees (item 13)

        For the purpose of improving the opportunity for retaining and recruiting competent personnel to the Anoto group (the “Group”) and increasing the motivation amongst the members of the management team, the Board of Directors proposes that the AGM resolves to introduce a long-term incentive program (“LTIP 2025”) for members of the management team and other key employees. Board members shall not be entitled to participate in LTIP 2025. The current CEO Mats Karlsson will not be a participant under LTIP 2025.

        General

        LTIP 2025 consists of stock options intended for members of the new management team of Anoto and other key employees (also including consultants) (the “Stock Options”). To implement LTIP 2025 in a cost-effective and flexible manner, the Board of Directors proposes that the obligations of the Company to deliver shares under the Stock Options are secured by an authorization for the Board of Directors to resolve upon issue, repurchase and transfer of Series C shares, which thereafter can be converted into ordinary shares. The Board of Directors’ proposal for the authorisation to issue and repurchase Series C shares as well as transfer of ordinary shares under the LTIP 2025 is set out in items 14 and 15 below. In the event that the required majority for items 14 and 15 below is not achieved, the Board of Directors proposes that Anoto be able to enter into share swap agreements with third parties, in accordance with item 16 below.

        Dilution effects

        The Board of Directors proposes that LTIP 2025 shall consist of a maximum of 275,000,000 new Stock Options entitling to purchase of the same number of ordinary shares in the Company, corresponding to approximately 20.0 per cent of the share capital and votes in the Company after dilution. The Company’s current share-based incentive programs for employees of the Group are described in the Annual Report for 2024, Note 30. In total, the proposed LTIP 2025 and the previous outstanding incentive programs corresponds to a dilution of not more than approximately 20.9 per cent of the share capital and votes of the Company after dilution. The exercise prices for current stock options are between SEK 0.81 – 1.06.

        Performance conditions

        The Board of Directors shall have the right to impose performance conditions for certain participants under LTIP 2025. For these participants the number of Stock Options that they are eligible to exercise depends on the degree of fulfilment in respect of the performance conditions for the Group.

        The performance conditions will be based on the average growth of the Group’s net sales over specified periods. The target levels (minimum and maximum) for the performance condition will be determined by the Board of Directors. If the minimum level of the performance condition is achieved, the participant may exercise a certain percentage of the vested Stock Options, and if the maximum level is achieved, the participant can exercise all the vested Stock Options. Within the target levels of the respective performance conditions, a linear calculation of the outcome shall be made. If the minimum level of performance is not achieved, no vested Stock Options can be exercised.

        The specific details and target levels for the performance conditions will be outlined by the Board of Directors and communicated to the relevant participants.

        Distribution of the Stock Options

        Stock Options can only be allotted to the Group’s current and future members of the management team and other key employees (also including consultants) as set out below:

        Category Maximum number of Stock Options Number of employees or consultants
        Members of the management team (including consultants) 70,000,000 2
        Other key employees (including consultants) 20,000,000 7

        The Stock Options shall be granted to the participants free of charge and may not be transferred or pledged, except that the Board of Directors may allow for the transfer of Stock Options to a family trust or equivalent entity. The Stock Options vest over a three-year period, with the vesting period commencing on 1 June 2024. No Stock Options vest until the first anniversary of the vesting commencement date. On the first anniversary of 1 June 2024, one third of the Stock Options will vest and become exercisable. Thereafter, one third of the Stock Options will vest on the second anniversary of 1 June 2024, and the remaining Stock Options will vest on the third anniversary of 1 June 2024. The vesting period starts on 1 June 2024, because the new management team took office about a year ago and the launch of a new incentive program was delayed due to several capital raisings in 2024. Accordingly, a participant must remain within the Group for three years from 1 June 2024, in order for all Stock Options to vest.

        Each Stock Option entitles the employee or consultant to acquire one ordinary share of the Company during the period commencing on the third anniversary of grant date and ending on the sixth anniversary of the grant date at an exercise price corresponding to 150 percent of the average volume-weighted share price for the Company’s share on Nasdaq Stockholm for a period of 10 days prior to the AGM, however, for Stock Options granted no later than the end of July 2025, the exercise price shall not exceed SEK 0.18 and shall not be less than SEK 0.12.

        Conversion due to split, aggregation, new issue etc.

        The exercise price and the number of shares that each Stock Option entitle to purchase shall be recalculated in the event of a share split, reverse share split, preferential share issue, extraordinary dividend, etc. in accordance with Swedish market practice.

        Overall Terms

        Within the framework of the resolved terms and conditions and guidelines, the Board of Directors shall be responsible to prepare the more detailed terms and conditions of LTIP 2025.

        The Board of Directors shall have the right to adjust the terms and conditions of LTIP 2025 if significant changes occur within the Group’s structure or in its market, which means that the terms and conditions for exercising the Stock Options are no longer appropriate. Furthermore, for special reasons, the Board of Directors may decide that Stock Options may be retained and utilised, as applicable, despite the termination of employment or consultancy agreement within the Group, for example due to illness.

        Expenses for LTIP 2025

        The Stock Options are expected to result in tax at employment income rates for the participants and will be accounted for in accordance with IFRS 2, which stipulates that the Stock Options will be recorded as personnel expenses during the vesting period.

        Preparation of the proposal

        LTIP 2025 has been prepared by the Board of Directors together with external advisors. LTIP 2025 has been reviewed by the Board of Directors during the first quarter of 2025.

        The rationale for the proposal

        The rationale for the proposal for LTIP 2025 is to improve the conditions for retaining and recruiting competent personnel to the Group and increasing the motivation of the newly recruited members of the management team. Furthermore, more visible opportunities are established for long-term participation in the Group’s operations and in reaching the Company’s overall targets. The Board of Directors is of the opinion that the introduction of LTIP 2025 as described above benefits the Group and the Company’s shareholders.

        Majority requirements and conditions

        A resolution to approve LTIP 2025 is valid only if it is supported by at least half of the votes cast at the AGM.

        The resolution to implement LTIP 2025 in accordance with this item 13 is conditional upon the AGM resolving either in accordance with the proposal for issue and repurchase of Series C shares and transfer of ordinary shares pursuant to items 14 and 15 below or in accordance with the proposal to enter into share swap agreements with an external party in accordance with item 16 below.

        Resolution to authorise the Board of Directors to resolve on directed issue of Series C shares (item 14)

        The Board of Directors proposes that the AGM authorises the Board of Directors, on one or more occasions until the next Annual General Meeting, to resolve on a new issue of no more than 275,000,000 Series C shares, corresponding to approximately 20.0 percent of the share capital and votes of the Company after dilution. With the deviation from the shareholders’ preferential rights, the new shares may be subscribed for by a bank or securities company at a subscription price corresponding to the quota value.

        The purpose of the authorisation and the reason for the deviation from the shareholders’ preferential rights is to ensure delivery of shares to participants under the Company’s outstanding incentive programs and secure liquidity for payment of social security charges as a result of the incentive programs. Prior to the transfer of shares to participants exercising stock options, the Board of Directors will resolve to reclassify Series C shares into ordinary shares.

        A resolution pursuant to this item is only valid if approved by shareholders representing at least two thirds of the votes cast as well as the shares represented at the General Meeting.

        Resolution to authorise the Board of Directors to resolve on repurchase of Series C shares and transfer of ordinary shares to participants under incentive programs and to secure payment of social security charges (item 15)

        The Board of Directors proposes that the AGM resolves to authorise the Board of Directors, on one or more occasions until the next Annual General Meeting, to resolve on repurchases of Series C shares. Repurchases may only be made through an acquisition offer addressed to all holders of Series C shares and shall comprise all outstanding Series C shares. Acquisitions shall be made at a price corresponding to the quota value of the shares. Payment for acquired shares shall be made in cash.

        The purpose of the repurchase is to ensure delivery of shares to participants under the Company’s outstanding incentive programs and to secure liquidity for payment of social security charges related to such incentive programs. Before delivery of shares to the participants or transfer of ordinary shares to secure liquidity for payment of social security charges, the Board of Directors will resolve on reclassification of Series C shares to ordinary shares in accordance with the provision in the articles of association.

        The Board of Directors proposes that the AGM resolves to (i) approve delivery of ordinary shares to participants under LTIP 2025, and (ii) authorise the Board of Directors to resolve, on one or several occasions until the next Annual General Meeting, to transfer own ordinary shares in accordance with the following. Transfers of ordinary shares may be carried out on Nasdaq Stockholm, pursuant that the Company’s ordinary shares have been admitted to trading on such a regulated market, at a price within the price range applicable, i.e. the range between the highest purchase price and the lowest selling price. Transfers may be made with the highest amount of ordinary shares required in order for the Company in terms of liquidity to secure social security charges related to the outstanding incentive programs in the Company, although not more than 27,500,000. Transfer of shares may also take place outside of Nasdaq Stockholm to a bank or securities company, with deviation from the shareholders’ preferential rights. Such a transfer may be made at a price corresponding the share price at the time for the transfer on the ordinary shares transferred with such a market discount as the Board of Directors deem appropriate. The authorisation may be used on one or more occasions, although at the latest before the next Annual General Meeting.

        The outstanding incentive programs of the group (including LTIP 2025) means that employees or consultants are granted Stock Options, which entitle the holder to purchase shares in the Company. Such transfers are subject to Chapter 16 of the Swedish Companies Act, which means that a resolution to approve delivery of ordinary shares to participants under this item 15 is valid only if it is supported by at least nine tenths of both the votes cast and the shares represented at the AGM.

        Share swap agreement with external party to hedge LTIP 2025 (item 16)

        The Board of Directors proposes that the AGM, in the event that the required majority for item 15 above cannot be achieved, resolves that the financial exposure expected to result from the LTIP 2025 may be hedged by the Company on market terms by entering into a share swap agreement with an external party, whereby the external party, for a fee and in its own name, may acquire and transfer ordinary shares in the Company to the participants of LTIP 2025, in accordance with the terms of the LTIP 2025.

        For a valid resolution to enter into a share swap agreement with an external party according to this item 16, a majority of more than half of the votes cast at the AGM is required.

        Resolution to authorise the Board of Directors to issue new shares, warrants and/or convertible bonds (item 17)

        The Board of Directors proposes that the AGM authorises the Board of Directors to resolve, on one or several occasions during the period until the next AGM, with or without deviation from the shareholders’ preferential rights, against cash payment, for payment in kind or by way of set-off, to issue ordinary shares, warrants and/or convertible bonds that involve the issue of or conversion into a maximum of 275,000,000 ordinary shares, corresponding to a dilution of approximately 20.0 per cent of the share capital and votes, based on the current number of shares in the Company.

        The purpose of this authorisation and the reason for any disapplication of the shareholders’ preferential rights is to increase the flexibility of the Company to finance the ongoing business and at the same time extend and strengthen the Company’s shareholder base of strategic or long term investors. The basis for the issue price shall be according to the prevailing market conditions at the time when shares, warrants and/or convertible bonds are issued.

        A valid resolution by the AGM pursuant to the proposal above requires that the resolution be supported by shareholders representing at least two-thirds of both the votes cast and the shares represented at the AGM.

        Other

        According to Chapter 7, section 32 of the Swedish Companies Act, at a General Meeting the shareholders are entitled to require information from the Board of Directors and CEO regarding circumstances which may affect items on the agenda and circumstances which may affect the Company’s financial situation.

        For information on how personal data is processed, see:

        www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

        Number of shares and votes in the Company

        As of 28 May 2025, the total number of ordinary shares and votes in the Company was 1,102,362,753. There were no Series C Shares issued. The Company is not holding any own shares.

        Stockholm, May 2025

        Anoto Group AB (publ)

        The Board of Directors

        Attachments

      The MIL Network

  • MIL-OSI: Nokia introduces co-existence solution for 10G, 25G, and 50G PON on the same fiber network

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia introduces co-existence solution for 10G, 25G, and 50G PON on the same fiber network

    • The new co-existence network element solution enables operators to simultaneously run 10G, 25G and 50G PON (Passive Optical Network) services over a single fiber.
    • Nokia solution gives operators options for delivering different combinations of 10G, 25G or 50G PON services to meet specific business needs, while protecting current infrastructure investments and eliminating forklift upgrades.
    • Nokia’s co-existence solution alongside its expansive multi-PON portfolio provides operators with flexible options to address any scenario across tactical and mass market multi-gigabit deployments.

    28 May 2025
    Espoo, Finland – Nokia today announced the launch of a co-existing solution that allows operators to seamlessly run 10G, 25G and 50G PON technologies on the same fiber broadband network. The solution protects existing infrastructure investments while giving operators flexibility to use different technology flavors to optimally deliver targeted multi-gigabit services to residential and enterprise customers. Built for high-speed service rollouts, it supports dense deployments, enabling operators to meet the rising demand for ultra-fast, reliable broadband connectivity.

    Fiber is a futureproof, energy-efficient technology increasingly being used to connect everything to multi-gigabit services. Giving operators the flexibility to run multiple flavors of PON on the same fiber and seamlessly evolve from 10G and 25G today to 50G and beyond, it can deliver unmatched bandwidth, speed, and scalability to meet future broadband needs.

    Nokia’s new co-existence network element allows operators to easily add different PON technologies running on different wavelengths to a single fiber, without disturbing the existing services. This can help operators maximize its existing fiber and serve a diverse set of customer needs without replacing infrastructure. The new co-existence network element, alongside Nokia’s expansive portfolio of multi-PON solutions, provides operators with a comprehensive set of options to address a diverse set of scenarios across tactical and mass market multi-gigabit deployments.
      
    “Moving to next-generation PON is a competitive advantage for operators seeking to offer differentiated services. But what that evolution path looks like will vary and largely depend on their individual business needs. Our co-existence solution allows operators to support all flavors of PON on a single fiber, providing the flexibility to pick and choose the technology that is best suited to meet the unique demands of their residential and enterprise customers, both today and for years to come,” said Geert Heyninck, General Manager, Broadband Networks at Nokia.

    Multimedia, technical information and related news 

    Web Page: Nokia 25G PON

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. 

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

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

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    The MIL Network

  • Ukraine’s Zelenskiy Set for Crucial Talks with German Chancellor Merz in Berlin

    Source: Government of India

    Source: Government of India (4)

    Ukrainian President Volodymyr Zelenskiy is expected to arrive in Berlin on Wednesday for talks with German Chancellor Friedrich Merz, the German government said, part of a diplomatic drive to end the war in Ukraine.

    Merz will receive Zelenskiy with military honours at the federal chancellery at noon (1000 GMT), a government spokesperson said in a statement.

    “The focus of the visit will be on German support for Ukraine as well as efforts to achieve a ceasefire,” he added.

    Ukrainian and Russian officials met this month for their first face-to-face negotiations since Russia’s full-scale invasion of its former Soviet neighbour in 2022, under pressure from U.S. President Donald Trump to end the war.

    The talks failed however to produce a ceasefire agreement and Russia unleashed three nights of massive aerial attacks on Ukraine over the weekend.

    With Trump signalling wavering support for Ukraine in recent months, Germany could play an increasingly important role as the country’s largest military and financial backer after the United States.

    Merz, a conservative who took office this month, has vowed to take more of a leadership role in ensuring support for Ukraine than his Social Democrat predecessor Olaf Scholz.

    He visited Ukraine with other European leaders within days of becoming chancellor and on Monday endorsed Ukraine’s right to launch long-range missile strikes into Russian territory – in contrast with Scholz’s cautious rhetoric on the issue.

    Merz on Tuesday dampened hopes for a quick resolution to the war. “Putin and Russia clearly have at the moment no interest in a ceasefire, or a peace deal,” he said.

    “This means, as a consequence, that Ukraine must continue to defend itself — and that we must actually intensify our efforts to enable Ukraine to do so.”

    The war, Merz said, was not just about Ukraine’s territorial integrity.

    “The political order that we jointly established with Russia after 1990 is being fundamentally called into question,” he said.

    Germany is not expected, however, to announce new weapons deliveries to Ukraine given that the new government has said it would no longer publicly detail what arms it is sending Ukraine, preferring a stance of “strategic ambiguity.”

    Russia accused Ukraine on Tuesday of significantly increasing drone and missile attacks on Russian territory over the past week using Western-supplied munitions.

    (Reuters)

  • MIL-OSI United Kingdom: Versus Arthritis invests in ‘team science’ to meet pressing challenges faced by people with arthriti Charity Versus Arthritis has awarded £3m to bring together world-leading experts from five UK universities – including the University of Aberdeen – to accelerate clinical epidemiology research, which will help answer pressing questions from those living with arthritis.

    Source: University of Aberdeen

    University of Aberdeen awarded a share of £3m from Versus Arthritis

    Charity Versus Arthritis has awarded £3m to bring together world-leading experts from five UK universities – including the University of Aberdeen – to accelerate clinical epidemiology research, which will help answer pressing questions from those living with arthritis.
    The new research consortium is part of the charity’s drive to harness ‘team science’ to better understand the causes and risk factors for arthritis and improve treatment options.
    Epidemiology – the study of how diseases occur in different people and why – is critical to designing better and targeted interventions using data. The consortium, made up of experts from the Universities of Manchester, Keele, Oxford, Nottingham and Aberdeen, aims to close five gaps in our understanding of the debilitating disease and related conditions. They will consider menopause in relation to musculoskeletal health, inequalities in access to care, risks of long-term pain medications and determine the optimum levels of monitoring for those receiving immune drugs. The researchers will also aim to identify those at higher risk of chronic pain sooner, given painful musculoskeletal conditions often begin in childhood. This holds the potential to explore ways to prevent or reduce persistent pain.
    Lucy Donaldson, Director of Research at Versus Arthritis,said there are many remaining unmet needs around arthritis, compounded by significant gaps in understanding:
    “The Versus Arthritis Research Consortium: Musculoskeletal Epidemiology – Better lives, Safer journey is a major step forward in tackling the everyday realities faced by people living with arthritis and other painful musculoskeletal conditions.
    “Our research consortia will bring together leading researchers, clinicians, and people with lived experience from across the UK in a team science approach. Their aim – to find real, practical solutions to the problems faced by people with arthritis.
    “We are absolutely delighted to have research leaders from the University of Aberdeen as part of this consortium. Their work within our Centre for Musculoskeletal Health and Work reflects their expertise in robust epidemiological research. Their expertise covers condition-specific and symptom-based approaches, as well as rare diseases and their associated care pathways. The Aberdeen team has an outstanding track record in high-quality patient and public involvement and engagement (PPIE), and we’re excited to see this strength embedded across the consortium’s activities.”
    The consortium will employ cutting edge analysis techniques on existing datasets to fill the identified gaps in our knowledge of arthritis and MSK conditions. Its findings will help to arm those living with arthritis to have informed conversations with clinicians about their care. It will also seek to improve clinical practice and policy around diagnosis, prevention and treatment.
    Professor Kimme Hyrich, Director of the University of Manchester Centre for Musculoskeletal Research will co-lead the consortium with Professor Christian Mallen, Executive Dean and Professor of General Practice and Public Health.
    Professor Hyrich, a leading clinical epidemiologist and consultant rheumatologist, highlights the advantages of team science in epidemiological research:
    “This award represents an exciting step-change in the way musculoskeletal epidemiology research is conducted in the UK, breaking down traditional research siloes and uniting minds, data and expertise to generate the evidence needed to support people living with arthritis and other painful musculoskeletal conditions.”

    Our work will focus on identifying these inequities, listening closely to the experiences of those from underrepresented groups – including children, young people, and people living in disadvantaged areas – and co-developing solutions that can make a real difference.” Dr Rosemary Hollick

    “It is a real privilege to be able to lead this multidisciplinary team. Placing people with lived experience at the core of our consortium and working closely with implementation scientists from the outset will ensure that our outputs are robust and meaningful and delivered to the right audience in the most appropriate way.”
    Professor Mallen, a leading researcher and GP, said the inclusion of primary care spoke volumes of the role GPs play in achieving better outcomes for those living with musculoskeletal conditions:
    “The new Versus Arthritis Research Consortium is an exciting new programme that will have a major impact on the lives of people living with painful conditions by uniting world-leading clinicians, academics, patients and policy makers.
    “It is a privilege to co-lead the consortium with Prof Hyrich and having strong representation from Keele University highlights the importance of primary care in improving outcomes for people living with arthritis and chronic musculoskeletal pain.”
    Dr Rosemary Hollick, Director of the Aberdeen Centre for Arthritis and Musculoskeletal Health and consultant rheumatologist said:
    “I’m delighted to lead the health inequalities workstream within this ambitious new consortium. People living with arthritis often face unfair and avoidable barriers to accessing care and support.
    “Our work will focus on identifying these inequities, listening closely to the experiences of those from underrepresented groups – including children, young people, and people living in disadvantaged areas – and co-developing solutions that can make a real difference.
    “By applying a health equity lens across the consortium’s work, we aim to ensure that improvements in care reach everyone, regardless of who they are or where they live.”
    The results will be shared through a broad range of partners including government, the NHS, clinicians and patient networks.  
    More than 20 million people, of all ages, in the UK have problems with their joints, bones and muscles, which cause pain and impact all aspects of life including work and school. 
    The Versus Arthritis Research Consortium: Musculoskeletal Epidemiology – Better lives, Safer journey is the first of six consortia to be announced by Versus Arthritis which is awarding £18 million of funding to this initiative over the next three years.

    Related Content

    MIL OSI United Kingdom

  • MIL-OSI China: Djokovic makes winning start to French Open bid, Medvedev ousted

    Source: People’s Republic of China – State Council News

    British underdog Cameron Norrie delivered the biggest upset of the 2025 French Open so far in a nail-biting five-set win over former world No. 1 Daniil Medvedev on Tuesday.

    Ranked 81st in the world, Norrie knocked out 11th seed Medvedev 7-5, 6-3, 4-6, 1-6, 7-5 after three hours and 53 minutes on court.

    “It was a crazy match,” said Norrie. “I was really happy with how I handled the match and how I had to fight literally every point to have a chance with him. It was just pure emotion at the end and pure instinct. It was a good throw.”

    The 29-year-old Briton, who won the 2021 Indian Wells title and reached the Wimbledon semifinals in 2022, called it “one of [his] best wins.”

    “For me, outside of [Carlos] Alcaraz, [Jannik] Sinner and Novak [Djokovic], [this] would be probably the fourth-toughest draw for me in terms of matchups and players. Extremely good win, especially my record with [Medvedev] No. 11, in a Slam, beating him in five sets is impressive for me.”

    Novak Djokovic returns a shot during the men’s singles first round match between Mackenzie Mcdonald of the United States and Novak Djokovic of Serbia at the French Open tennis tournament at Roland Garros, Paris, France, May 27, 2025. (Xinhua/Li Jing)

    While Norrie stole the spotlight, other top seeds advanced with convincing wins. Novak Djokovic, fresh off securing his 100th career title, eased past American Mackenzie McDonald 6-3, 6-3, 6-3. Third seed Alexander Zverev of Germany also cruised through with a 6-3, 6-3, 6-4 win over American Learner Tien.

    Not all seeded players progressed. Bulgaria’s 16th seed Grigor Dimitrov was forced to retire from his match against American qualifier Ethan Quinn. Dimitrov had taken a two-set lead (6-2, 6-3) before losing the third 2-6 and withdrawing due to injury.

    In the women’s draw, second seed Coco Gauff breezed past Australia’s Olivia Gadecki 6-2, 6-2. The American will next face 18-year-old Czech qualifier Tereza Valentova.

    Russia’s sixth-seeded Mirra Andreeva also advanced with a composed 6-4, 6-3 win over Spain’s Cristina Bucsa.

    In women’s doubles, China’s Yuan Yue and New Zealand’s Lulu Sun earned a hard-fought first-round victory, defeating Anna Blinkova and Mayar Sherif 6-2, 5-7, 6-3 after more than two hours. 

    MIL OSI China News

  • MIL-OSI: Press Release: GAM Investments Strengthens European Equities Platform with Appointment of Leading Investment Team

    Source: GlobeNewswire (MIL-OSI)

    Zurich: 28 May 2025        

    PRESS RELEASE

    GAM Investments Strengthens European Equities Platform with Appointment of Leading Investment Team

    Tom O’Hara, Jamie Ross and David Barker join GAM Investments to manage flagship GAM Star European Equity and Continental European Equity funds

    GAM Investments is pleased to announce the appointment of a new European Equities team comprising Tom O’Hara, Jamie Ross and David Barker. As of 15 May 2025, the team has assumed investment management responsibilities for the GAM Star European Equity and GAM Star Continental European Equity funds.

    This highly regarded investment team brings with them a style-agnostic, high-conviction investment approach that complements GAM’s longstanding heritage in European equities. The appointment marks a further milestone in GAM’s transformation and ongoing commitment to investment excellence.

    Tom O’Hara, Investment Director, European Equities at GAM, commented: “It’s great to be joining GAM. This is a very exciting time in the company’s turnaround, supported by a long-term focused majority owner and a strong, investment-led culture that traces its roots to Gilbert de Botton. On a personal level, my investing career started thanks to John Bennett – who spent 17 years at GAM managing European Equities and always spoke highly of the firm’s investment ethos. So, it really feels like a natural fit for us to be here.”

    “Our approach will remain consistent with our past. We are managing a concentrated, high-conviction portfolio of around 30 stocks, using our straightforward and repeatable ‘All-in’ framework, added David Barker. This combines expected earnings growth, cash return and valuation change to assess whether a company’s return potential exceeds that of the broader market.”

    A core, consistent and transparent investment process

    While the team brings a fresh perspective, they remain committed to delivering a core, flexible, style-agnostic strategy which builds on the legacies of both GAM and their own history as successful European equity investors. Their process is grounded in fundamental research and offers clear, data-driven insights for clients.

    David Barker highlighted, “We want to be open-source. That means sharing our investment insights, process and return assumptions with clients transparently and consistently across all our communications.”

    A turning point for Europe

    The team also believes the macro backdrop is shifting decisively in Europe’s favour.

    “For decades, cheap valuations alone weren’t enough to catalyse change in Europe. But that’s no longer the case. Geopolitical realignment sparked, in part, by the return of Donald Trump who has done more for EU unity than any post-war president,” said Jamie Ross. “We’re seeing a more assertive Europe: a looser fiscal stance in Germany, more coherent messaging from EU leaders, and growing momentum for innovation, investment, and regulatory simplification.”

    “Europe has a generational opportunity to redefine itself that demands cohesive action across industrial policy, energy security and tech sovereignty. These shifts will create a new generation of winners across the region. We believe this marks a key turning point for the European equity market.”

    Elmar Zumbuehl, Group CEO of GAM Investments, added “We are delighted to welcome Tom, Jamie and David to GAM. Their fresh approach, tight teamwork and use of advanced technology to focus on what really matters fully embraces the transformational changes underway in active investing. Their arrival significantly strengthens our specialist active equity offering and with investor interest returning to Europe, we see this as a powerful step forward for GAM’s specialist active equities platform and our clients.”

    Investors are encouraged to contact their local GAM relationship manager to learn more about the strategies or meet the team through upcoming events, webinars and roadshows.

    Editorial Information:

    Video: Introduction to European Equities at GAM – Tom O’Hara, David Barker and Jamie Ross. https://www.gam.com/en/introducing-gam-investments-european-equities-team

    Team Bios:

    • Tom O’Hara, Investment Director, is responsible for the management of European Equity funds at GAM, alongside Jamie Ross and David Barker. Before joining GAM Investments in May 2025, he spent 7 years managing European equity funds at Janus Henderson Investors. Prior to this, he spent 8 years as a sell side equity research analyst covering the metals and mining sector. He began his career in the treasury of Northern Rock plc. He has 19 years of financial industry experience and received his BA degree (Hons) in economics from Newcastle University. He is passionate about the role of emerging technologies in shaping active investing and was an early investor in Quartr, a Swedish fintech platform, where he continues to serve as a non-executive adviser.
    • David Barker, Investment Manager, is responsible for the management of European Equity funds at GAM. Before joining GAM Investments in May 2025, he was a Research Analyst on the European Equities Team at Janus Henderson Investors, a position he had held since 2021. Prior to this, he was Research Analyst specialising in Aerospace & Defence and Industrials at Bank of America Merrill Lynch, where he started in 2017. David graduated with a BA degree in History from Somerville College, University of Oxford and has 9 years of financial industry experience.
    • Jamie Ross, Investment Manager, is responsible for the management of European Equity funds at GAM. Before joining GAM Investments in May 2025, he was a Portfolio Manager on the European Equities Team at Janus Henderson Investors, a position he had held since 2016. Prior to this, he was a portfolio manager on the UK Equities Team, where he co-managed a UK equities pooled fund. He started his career with Henderson in 2007. Jamie graduated with a BA degree (Hons) in economics from Durham University. He holds the Chartered Financial Analyst designation and has 18 years of financial industry experience.

    For further information please contact:

    Colin Bennett | GAM Media Relations
    T +44 (0) 20 73 938 544 
    colin.bennett@gam.com

    Visit us: www.gam.com
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  • MIL-OSI Asia-Pac: President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman

    Source: Republic of China Taiwan

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • Operation Sindoor outreach: Kanimozhi-led delegation arrives in Greece

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation, led by DMK MP Kanimozhi Karunanidhi, arrived in Athens, Greece, as part of India’s global diplomatic initiative to reinforce its unwavering stance on anti-terrorism.

    The visit marks a continuation of India’s strategic outreach to garner international support against cross-border terrorism.

    The Indian Embassy in Greece confirmed the delegation’s arrival in a post on X, stating: “An all-party delegation led by Member of Parliament @KanimozhiDMK arrives in Athens, Greece, underscoring the nation’s commitment to counter-terrorism.”

    Upon arrival in Athens, the delegation was received by India’s Ambassador to Greece, Rudrendra Tandon, and welcomed by officials from the Indian mission.

    The visit is part of a larger diplomatic effort involving seven multi-party delegations sent by India to 33 global capitals, aimed at conveying India’s position on Pakistan-sponsored terrorism and the country’s new normal of zero tolerance against cross-border terrorism.

    Before arriving in Greece, the delegation concluded a successful leg of their mission in Slovenia, where they engaged with senior officials and opinion-makers.

    The Indian Embassy in Slovenia described the visit as impactful, stating on X: “A successful Mission concludes. The all-Party delegation led by MP Kanimozhi concluded its useful and highly productive visit to Slovenia. Extensive engagements and effective public messaging garnered support & appreciation for India’s new normal of zero tolerance against cross-border terrorism.”

    The delegation includes a diverse mix of political leaders from various parties: Rajeev Rai (Samajwadi Party), Captain Brijesh Chowta (Retd.) (BJP), Prem Chand Gupta (RJD), Ashok Kumar Mittal (AAP), and Ambassador Manjeev Singh Puri, former Deputy Permanent Representative of India to the United Nations.

    After Slovenia, the delegation is expected to hold high-level meetings in Greece with parliamentarians, government officials, and civil society leaders, reaffirming India’s message that terrorism in all its forms and manifestations must be condemned without exception.

    (With inputs from IANS)

  • MIL-OSI: Azerion publishes Interim Unaudited Financial Results Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Quarterly Report Q1 2025

    ..

    4th consecutive Q1 Year-on-Year growth 

    Highlights of Q1

    Throughout Q1 2025 we have continued our multi-year focus on efficiency and profitability; favouring long-term economic decisions over short-term opportunities. We have continued to invest in the platform and this is reflected in the performance outlined below, resulting in several record achievements since our listing early 2022:

    • Total Revenue of € 128.0 million in Q1 2025, up 7% from € 119.7 million in Q1 2024 and the 4th consecutive Q1 YoY revenue increase, mainly driven by higher spend across the Platform Segment particularly in AAA Game Distribution and the integration of past acquisitions, including The Moneytizer, Goldbach Austria and Produpress.
    • Adjusted EBITDA in Q1 2025 of € 11.7 million, an increase of 19% as compared to € 9.8 million in Q1 2024, another 4th Q1 YoY increase in as many years, largely driven by increased profitability in both our Premium Games and Platform segments.
    • EBITDA performance significantly improved to € 7.9 million as compared to € 4.7 million in Q1 2024, up 68% year over year as a result of synergies from acquisitions and continued focus on efficiency and profitability. For a detailed reconciliation of net income to adjusted EBITDA, please refer to Other information.

    A key driver of this performance is the consistent execution of our consolidation and integration plan initiated in 2023. By strengthening our core technical systems and team structures, we’ve built a foundation that enables us to regularly launch new features and onboard partners more efficiently.

    • Significant progress in advancing our product and technology roadmap, including the consolidation of Azerion’s ID Graph into one DMP, new features and automation for our DSP and SSP interfaces and setting the foundations for Agentic AI developments.
    • Signed 80 new publishers and connected 6 additional SSPs, 3 new DSPs and 1 supplementary Data source to expand our digital audiences across Europe and the Americas.
    • In parallel, we have designated investment and development resources to create Azerion Intelligence, a powerful Multi-Cloud and AI platform offering European businesses affordable access to open-source AI models, scalable cloud hosting, and a marketplace of AI-driven apps and agents tailored for digital marketing and publishing which was announced in Q2 2025. We see AI as significant opportunity to drive rapid and scalable revenue growth over the coming months and years.

    Attachment

    The MIL Network

  • Operation Sindoor outreach: After successful France visit, Indian delegation arrives in Italy

    Source: Government of India

    Source: Government of India (4)

    The all-party Indian parliamentary delegation led by BJP MP Ravi Shankar Prasad arrived in Italy early on Wednesday (Indian time) following a successful visit to France, conveying India’s strong anti-terror stance.

    The parliamentarians were received by India’s Ambassador to Italy Vani Rao on their arrival in Rome.

    “The All-Party Parliamentary Delegation led by Ravi Shankar Prasad, MP, arrived in Rome for wide-ranging interactions. They were received by Ambassador Vani Rao. The delegation will convey India’s firm and united message against cross-border terrorism in the context of Operation Sindoor,” the Indian Embassy in Rome posted on X.

    The nine-member delegation includes: Ravi Shankar Prasad (BJP), Daggubati Purandeswari (BJP), Priyanka Chaturvedi (Shiv Sena-UBT), Ghulam Ali Khatana (BJP), Amar Singh (Congress), Samik Bhattacharya (BJP), M. Thambidurai (AIADMK), former Union Minister M.J. Akbar and former Ambassador Pankaj Saran.

    In Italy, the delegation will meet several top leaders, academia, think tanks and community members to brief them about Operation Sindoor and India’s ‘new normal’ message against terrorism.

    During their engagements in France on Tuesday, the delegation held interactions with senior journalists from leading French and international media outlets.

    The conversation focused on India’s firm and unwavering stance against terrorism. The delegates conveyed that India remains resolute in its efforts to counter terrorism and called for greater international solidarity on this critical global challenge.

    “Following the media interaction, the delegation held meetings at the French National Assembly with Members of Parliament led by Thierry Tesson, President of the France-India Friendship Group. Later, at the French Senate, they met with Senators from the France-India Friendship Group led by Vice President Jacqueline Eustache-Brinio, along with members of the Senate Committee on Foreign Affairs and Defence,” the Embassy said in a statement.

    Throughout the meetings, the Ravi Shankar Prasad-led MPs underlined India’s deep commitment to combating terrorism in all its forms and manifestations.

    “The French parliamentarians expressed strong solidarity with India’s position, and support in the fight against terrorism, and reaffirmed the shared values that underpin the France-India strategic partnership,” the statement added.

    Ravi Shankar Prasad on Tuesday took to social media, mentioning the details of the interaction in Paris, in which they highlighted designated terrorists taking shelter in Pakistan and India’s response following the April 22 Pahlagam terror attack.

    “Today, along with my delegation colleagues, I interacted with the French media in Paris. We briefed them about India’s actions against Pakistan-sponsored terrorism. Yesterday, we had a wonderful interaction with a think tank. We also spoke to a large number of Indians staying in Paris and other parts of France. They heard with a great degree of pain about the unfortunate tragedy of innocent Indian lives being killed in a barbaric manner, and the way India has responded. On the issue of terrorism, the whole world needs to speak in one voice,” Prasad posted on X.

    Prasad highlighted that there are several UN-designated terrorists in Pakistan, out of whom many were killed during India’s precision strikes. He said that the delegation conveyed India’s message in “very unmistakable terms.”

    “This time, we have responded very conclusively with lethal power, attacking terrorist camps and their air force installations. As a result, Pakistan has asked for peace,” Prasad said.

    (With inputs from IANS)

  • MIL-OSI China: Chelsea eye European history in Conference League final

    Source: People’s Republic of China – State Council News

    Real Betis is aiming to lift the first European trophy in the club’s history, while Chelsea could become the first team to win all four major UEFA competitions if it defeats the Spanish side in Wednesday’s UEFA Conference League final in Wroclaw, Poland.

    The two coaches are well-acquainted. Since 2011, Betis coach Manuel Pellegrini had managed Enzo Maresca at Malaga for two years. In 2018, the Italian joined Pellegrini’s coaching staff at West Ham United.

    “I sent him a short message when we started in the group stage to say, ‘I will see you in Poland in the final.’ And when we got there, I gave him a call to say how happy I was to play the final against him,” said Pellegrini at a press conference on Tuesday.

    Chelsea’s Reece James (front) vies with Djurgarden’s Daniel Stensson during the UEFA Conference League semifinal second leg football match between Chelsea and Djurgarden at Stamford Bridge in London, Britain, on May 8, 2025. (Xinhua/Li Ying)

    Although Chelsea is viewed as the favorite, Pellegrini expressed confidence in his team’s chances of claiming its first European title.

    “We have the same possibility to win the game and we will start from the first minute trying to do it,” said the 71-year-old, adding, “I’ve said many times that you have to be able to manage the emotional side because a big mistake can decide the result.”

    Chelsea arrived in Poland after a resounding win over Nottingham Forest secured fourth place in the Premier League and qualification for next season’s Champions League.

    “I said a few times during the season that for me, it was already a good season, and it can become a very good season if we finish top four or top five. The first target was there, we achieved it last Sunday. And the chance to do the second is here,” Maresca told the media on Tuesday evening.

    “The Conference League is important. If we are able to win, it’s a good thing because we continue to build the winning mentality. We need to show again the desire to win games,” he added.

    Chelsea has not won a trophy since May 2021, when it defeated Manchester City in the Champions League final in Porto, Portugal.

    Maresca expects his young squad to rise to the occasion. “The message to my players is that we did something important, but if we want to confirm that we’re becoming an important club, we have to show the desire to win the game. It’s a final game and it is the one we want to win,” he said.

    MIL OSI China News

  • MIL-OSI China: From wastelands to wonders: China revives abandoned mines for sustainable future

    Source: People’s Republic of China – State Council News

    Tianchi Lake at Baihu Mountain in east China’s Shandong Province features expansive water shimmering with rippling blue waves, and pale purple paulownia flowers blooming along its steep rocky shores.

    It’s hard to imagine that this tranquil and beautiful landscape was once a barren quarry pit. “Windstorms used to whip up dense dust clouds, obscuring the colors of leaves and flowers,” recalled 62-year-old villager Wang Yunhe in Hetaoyuan, a town with 22 mountains and an estimated 1.19 billion tonnes of rock reserves.

    As one of the world’s most mineral-rich nations, China contains over 150,000 mines occupying millions of hectares of land. Upholding the concept that clear waters and green mountains are valuable assets, the country has implemented multiple measures to advance the ecological rehabilitation of abandoned mines in recent years, aiming for win-win outcomes in terms of ecological, economic and social benefits.

    ECOLOGICAL TRANSFORMATION

    According to Shang Baoling, a former local official, quarrying had become the dominant industry in Hetaoyuan since the 1990s. Nearly 50 lime kilns were built, with over 2,000 villagers relying on stone mining for their livelihoods.

    Rapacious mining boosted local economies temporarily, but later caused significant ecological damage. “These mountains, originally over 180 meters tall, were excavated to depths exceeding 40 meters below ground level — ultimately transforming verdant peaks into desolate quarries,” Shang said.

    In 2015, authorities of Juye County, which administers Hetaoyuan, enacted a comprehensive mining ban, shuttering all quarries and lime kilns. Years of dedicated reforestation have since transformed 18,000 mu (1,200 hectares) of mining wastelands and slopes into thriving ecosystems, where crabapple, cherry blossoms, paulownia flowers and other flora now bloom in seasonal cycles.

    Many greening workers employed in this effort were former miners from local villages. “Several villagers told me the changes have been tremendous,” Shang added.

    Tourists ride sightseeing boats in the Baihu Mountain scenic spot in Hetaoyuan Town of Heze, east China’s Shandong Province, May 16, 2025. (Photo by Zang Dongming/Xinhua)

    Such transformations are occurring across China. By the end of 2024, over 333,300 hectares of abandoned mines had been rehabilitated — including 26,200 hectares newly restored in 2024 alone.

    This year’s government work report said China will “accelerate the green and low-carbon transition,” listing “strengthening ecological conservation and restoration” as a key priority.

    AGRICULTURAL GOLDMINE

    Nationwide, abandoned mines with geographical and resource advantages are being repurposed for agricultural and other industrial development, creating new economic opportunities for local residents. Taobei Village in Shandong’s capital city of Jinan, for example, rehabilitated its abandoned quarry, a low-lying area littered with rubble, turning it into a medicinal herb cultivation base several years ago.

    “We have developed cultivation of over 10 medicinal herbs, including astragalus and Chinese sage, with an annual production capacity reaching 4 million plants,” said Tao Changguo, director of the village committee.

    Local authorities have also introduced specialized planting cooperatives, establishing processing workshops for medicinal herbs, and facilities for sorting, packaging and fresh storage. These initiatives have boosted local employment while generating more than 200,000 yuan (about 27,825.7 U.S. dollars) in additional annual income for the cooperatives.

    In 2008, as local environmental restoration efforts began, a long-abandoned mining pit in China’s eastern coastal city of Qingdao found new life as a vineyard and winemaking hub, thanks to its prime location on the same latitude as Bordeaux in France.

    “The barren yet well-draining soil here enhances grape acidity and phenolic content, while the scattered rocks in the earth contribute abundant organic minerals,” said Yan Zhigang, deputy general manager of a local wine company.

    According to Yan, the company’s vineyard spans approximately 3,000 mu of reclaimed mining land, where grapes are cultivated on former wasteland and abandoned pits have been repurposed into wine cellars. With an annual production volume of nearly 500,000 bottles, their wines are exported to multiple countries and regions including Europe, Southeast Asia and Japan.

    TOURISM BOOM

    After two decades of relentless efforts, Anji, a small county in east China’s Zhejiang Province, is now successfully transforming its ecological advantage into tangible wealth.

    Launched in 2022, Deep Blue Coffeehouse, located on a 300-mu disused mine near a natural lake in Hongmiao Village of Anji, has now become a social media sensation, drawing 600,000 visitors yearly and earning 20 million yuan in its first year.

    This aerial photo taken on April 7, 2023 shows the Deep Blue Coffeehouse located near an abandoned mine in Hongmiao Village of Anji County in Huzhou, east China’s Zhejiang Province. (Xinhua/Weng Xinyang)

    This Scandinavian-style outdoor cafe made headlines in 2024 when it set a new national record for single-day sales at an independent coffee shop — serving an impressive 8,818 cups of coffee in just 24 hours.

    “It’s less about selling coffee and more about selling the scenery and leisure itself,” said Cheng Shuoqin, owner of the coffee shop.

    In recent years, with the deepening integration of ecological restoration and cultural tourism, an increasing number of once-barren industrial sites have been revitalized through scientific planning and innovative design. These transformed spaces now serve not only as eco-parks and tourist destinations but also feature diverse business models, such as countryside-style farm stays, thrilling amusement parks and immersive performance venues.

    At the Huaxia City Scenic Area, located in the city of Weihai in Shandong, Zhou Liming was driving tourists through lush forests and flower fields. A resident from a nearby village, Zhou currently works as a sightseeing vehicle operator in the area. According to Zhou, this area was once nothing but a quarry pockmarked with 44 mining pits of various sizes.

    Since 2003, Weihai has implemented a comprehensive initiative across abandoned mining zones as a strategy for sustainable development. Through reclaiming nearly 4,000 mu of devastated mountains, constructing 35 reservoirs and planting 12.27 million trees, this transformed landscape ultimately gave birth to a thriving tourist resort.

    An aerial drone photo shows a view of the Huaxia City Scenic Area in Weihai, east China’s Shandong Province, May 26, 2025. (Photo by Zhang Hao/Xinhua)

    In the scenic area, an abandoned mining ravine has been transformed, featuring masterpieces of Chinese calligraphy from successive dynasties carved into its towering cliff walls on both sides. A preserved mining village and pit relics remind visitors of the importance of ecological conservation. At a rehabilitated mining site, audiences can now watch an immersive live performance aboard a giant ship, with the actual mountains, water and sky forming a breathtaking natural backdrop.

    In 2024, the scenic area welcomed 2.04 million visitors, generating total revenue of 124 million yuan. During this year’s May Day holiday alone, it attracted 82,000 tourists with holiday earnings reaching 6.65 million yuan.

    “Now, driving a sightseeing vehicle in the scenic area earns me 60,000 yuan annually. This is the good life that our lush mountains and clear waters have brought us!” Zhou said. 

    MIL OSI China News

  • MIL-OSI Global: How ongoing deforestation is rooted in colonialism and its management practices

    Source: The Conversation – France – By Justine Loizeau, Postdoctoral research fellow in sustainability and organization, Aalto University

    As early as 1917, the Michelin company invested in plantations to produce rubber in what is now Vietnam. Here, hevea trees are seen in Southeast Asia in 1913. W. F. de Bois Maclaren, The Rubber Tree Book.

    Half of the world’s forests were destroyed during the 20th century, with three regions mainly affected: South America, West Africa and Southeast Asia. The situation has worsened to the point that, in 2023, the European Parliament voted to ban the import of chocolate, coffee, palm oil and rubber linked to deforestation.


    A weekly e-mail in English featuring expertise from scholars and researchers. It provides an introduction to the diversity of research coming out of the continent and considers some of the key issues facing European countries. Get the newsletter!

    A long-standing dependence on raw materials

    These products are at the heart of our economies and consumption habits. The case of rubber is particularly emblematic. Without this material, there would be no tyres and, thus, no cars, bicycles, sealing joints or submarine communication cables. Industrial rubber production depends on extracting latex, a natural substance that rubber trees such as hevea produce. Under pressure from corporations and states, Brussels last October announced a one-year postponement of its law regulating rubber imports.

    This dependence on the rubber industry is not new. Rubber was central to the second industrial revolution, especially with the rise of automobiles and new management methods. While this history often centres on factories, citing contributions from figures such as Frederick Taylor and Henry Ford and industrial giants like Michelin, its colonial roots are less well known.

    Indeed, rubber – like the other resources mentioned above – has been and continues to be primarily produced in former colonial territories. In many cases, rubber trees are not native to the regions where they have been cultivated. Rubber seeds from South America, where latex was already extracted by picking, were transported by colonists to empires for the development of plantations. In particular, the French colonial empire, spanning Africa and Southeast Asia, saw a significant expansion of hevea plantations at the expense of primary forests. Monocultures of rubber trees replaced thousands of hectares.

    Ford in the Amazon, Michelin in present-day Vietnam

    This management model was favoured because it allowed for lower extraction costs from the coloniser’s perspective. For example, in 1928, Henry Ford negotiated an agreement with the Brazilian government granting him a 10,000 km2 concession of forest land to establish Fordlandia, a settlement designed to produce the rubber needed for his factories. However, this industrial utopia in the Amazon failed due to resistance from Indigenous people and a fungal disease that ruined the plantations.

    Business Insider reports on the Fordlandia fiasco.

    Following the same model, Michelin invested in plantations in present-day Vietnam as early as 1917. The plantation model and new management methods reduced the cost of rubber production and accelerated its global distribution. These management practices spread across the British, Dutch and French empires, becoming dominant in Southeast Asia in the early 20th century at the expense of primary forests.




    À lire aussi :
    Allowing forests to regrow and regenerate is a great way to restore habitat


    The ‘Taylorization’ of work and nature

    Rubber plantations resulted from applying Taylorism not only to workers – especially colonised workers – but also to nature. Both people and trees were subjected to a so-called “scientific” organisation of labour. In our article, L’arbre qui gâche la forêt The Tree That Spoils the Forest, published in the Revue française de gestion (French Journal of Management) in 2024, we analysed historical archives, including a variety of newspapers from 1900 to 1950, covering national, local, colonial and thematic (scientific, cultural, etc.) perspectives. We show that this organisational model is based on an accounting undervaluation of indigenous people’s labour and of nature. This undervaluation is embodied in the metric of the cost price (i.e. the total cost of production and distribution) and in the shared concern to see it lowered. “Ultimately, it’s the cost price that must determine the fate of rubber,” stated the newspaper L’Information financière, économique et politique on February 1, 1914.

    In the eyes of some, Asians who were labelled as “coolies” and Brazilian “seringueiros” comprised a low-cost labour pool, with no mention of their working conditions and despite very high mortality rates. “Coolie” is a derogatory colonial term that refers to agricultural labourers of Asian heritage, while “seringueiros” refers to workers in South American rubber plantations.

    “By the way, in the Far East, there are reservoirs of labour (Java Island, English Indies), which supply plantations with workers who, while not the most robust, provide regular work at a very advantageous cost price.” (L’Information financière, économique et politique, November 11, 1922)

    Concerning trees, only the plantation costs were considered, silencing the human and ecological costs of primary forest destruction.

    “In the first year, some 237 francs will have to be spent on the clearing itself; then the planting, with staking […] and weeding, will represent an expense of 356 francs. […] For the following years, all that remains to be done is to consider the maintenance costs, cleaning, pruning, care, supply of stakes, replacement, etc. This will result in an expenditure of 1,250 francs for the first five years.” (L’Information financière, économique et politique, January 31, 1912)

    The ‘Cheapization’ of life

    The focus on cost price leads to standardisation of management practices by aligning with what is cheapest, at the expense of ever more intense exploitation of human and non-human workers. In other words, these assumptions about the construction of accounting metrics and the circulation of these metrics play a role in the “cheapization” of human and non-human labour. We borrow the concept of “cheapization” from the environmental historian Jason W. Moore. In his view, the development of capitalism is marked by a “cheapization of Nature”, which includes, within the circuits of capitalist production and consumption, humans and non-humans whose work does not initially have a market value. Living beings are thus transformed into a commodity or factor of production: “animals, soils, forests and all kinds of extra-human nature” are being put to work.




    À lire aussi :
    What actually makes avocados bad for the environment?


    Why does this colonial past matter?

    These ways of managing people and nature continue to this day. Many industries still rely on the extraction of natural resources at low cost and in large quantities in the countries of the global south. Rubber is not the only resource whose exploitation dates to the Industrial Revolution: palm oil, sugar, coffee and cocoa have also had, and still have, an impact on the forests of the global south and are based on the work of local people. The exploitation of these resources is also often the fruit of colonial history. In 1911, the Frenchman Henri Fauconnier brought the first palm oil seeds, a plant originally from Africa, to Malaysia. More than a century later, the country remains a leading palm oil producer, a resource largely responsible for the deforestation of primary forests.

    Beyond the case of rubber alone, we question the link between the pursuit of profit in formerly colonised territories, the destruction of the environment and the exploitation of local populations on two levels. Not only are primary forests destroyed to feed short-term profits, but habituation to this mode of environmental management is a historical construct. We must remember this when looking at news from countries with colonial pasts. Whether we’re talking about preserving the Amazon rainforest, poisoning soil and human bodies with chlordecone in the Antilles, or building a pipeline in Uganda, we need to take a step back. What are the historical responsibilities? What are the links between creating economic activities here and exploiting ecosystems and local populations there? What role do management theories and tools play in realising or reproducing these exploitative situations?

    At a time when the ecological and social emergency is constantly invoked to call for the transformation of management practices and business models, the rubber example invites us to consider the colonial matrix of managerial practices and the Western historical responsibilities that led to this same emergency. And suppose we have to turn to other forms of management tomorrow: who may legitimately decide how to bring about this change? Are former colonisers best placed to define the way forward? Knowledge of colonial history should encourage us to recognise the value of the knowledge and practices of those who were and remain the first to be affected.


    The COCOLE project is supported by the French National Research Agency (ANR), which funds project-based research in France. The ANR’s mission is to support and promote the development of fundamental and applied research in all disciplines, and to strengthen dialogue between science and society. To find out more, visit the ANR website.

    Antoine Fabre has received funding from the French National Research Agency
    via the programme “Counting in a colonial situation. French Africa (1830-1962)” (ANR-21-CE41-0012, 2021-2026).

    Pierre Labardin is a professor at La Rochelle University. He has received funding from the French National Research Agency via the programme “Counting in a colonial situation. French Africa (1830-1962)” (ANR-21-CE41-0012, 2021-2026).

    Clément Boyer et Justine Loizeau ne travaillent pas, ne conseillent pas, ne possèdent pas de parts, ne reçoivent pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’ont déclaré aucune autre affiliation que leur poste universitaire.

    ref. How ongoing deforestation is rooted in colonialism and its management practices – https://theconversation.com/how-ongoing-deforestation-is-rooted-in-colonialism-and-its-management-practices-257578

    MIL OSI – Global Reports

  • MIL-OSI Video: Fear Can Be Fuel

    Source: United States Department of Defense (video statements)

    @usarmy soldiers share their thoughts and goals during the final phase of Air Assault School at Novo Selo Training Area, Bulgaria, to increase readiness and keep the fighting force lethal and mobile.

    For more on the Department of Defense, visit: http://www.defense.gov

    https://www.youtube.com/watch?v=ZKSQZE84SbI

    MIL OSI Video

  • MIL-OSI: FRO – Grant of synthetic options

    Source: GlobeNewswire (MIL-OSI)

    Frontline plc (“Frontline” or the “Company”) hereby announces that 362,284 synthetic options have today been granted to management and employees of the Company. The synthetic options will have a five-year term expiring May 27, 2030, and will vest over a three-year vesting period as follows:

    • 1/3 of the synthetic options will vest on May 27, 2026
    • 1/3 of the synthetic options will vest on May 27, 2027
    • 1/3 of the synthetic options will vest on May 27, 2028

    The  exercise price of the synthetic options  is USD 16.8 being the volume-weighted average price of the share the last 30 days prior to grant. The exercise price will further be adjusted for any distribution of dividends made before the relevant synthetic options are exercised. The synthetic options granted to the CEO and the CFO are subject to a cap on maximum annual gain equal to two times the annual base salary at the time of exercise of the synthetic options.

    The synthetic options will be settled in cash based on the difference between the market price of the Company’s shares and the exercise price on the date of exercise.

    The synthetic options have been granted according to the rules of the Company’s synthetic option scheme approved by the Board of Directors of the Company. Please see the attached forms of notification of transactions by primary insiders for the synthetic options.

    May 27, 2025

    The Board of Directors
    Frontline plc
    Limassol, Cyprus

    This notification has been publicly disclosed in accordance with Article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

    Attachment

    The MIL Network

  • MIL-OSI: APA Corporation Announces Appointment of Aneil Kochar as Vice President and Treasurer

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today announced that Aneil Kochar has been promoted to vice president and treasurer, effective May 22.

    Kochar will head APA’s Treasury department, providing global oversight for the company’s capital structure analysis, financing strategies, risk insurance, banking policies, and cash and liquidity management. The role of treasurer was previously held by Ben C. Rodgers who was recently promoted to chief financial officer.

    “I am pleased to welcome Aneil to APA’s leadership team. He has vast financial experience in the oil and gas industry and has played a crucial role in APA’s financial strategies over the past five years, driving value creation and improving cash management. Aneil will be a strong addition to our executive team,” said Ben C. Rodgers, APA’s Chief Financial Officer.

    Kochar has held the position of assistant treasurer for APA since 2022, having joined the company in 2020 as the director of Finance. Before joining APA, Kochar was vice president Finance and treasurer at Chisholm Oil and Gas, where he oversaw FP&A and treasury activities. Prior to that, he worked at EIG Global Energy Partners as an investment professional, focusing on origination and management of oil and gas debt and equity investments. Kochar began his career in energy investment banking at Morgan Stanley. He holds both bachelor’s and master’s degrees in Accounting from the University of Texas at Austin.

    About APA
    APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.

    Contacts:

    Investor: (281) 302-2286
    Media: (713) 296-7276
    Website: www.apacorp.com

    APA-F

    The MIL Network

  • MIL-Evening Report: Australia could tax Google, Facebook and other tech giants with a digital services tax – but don’t hold your breath

    Source: The Conversation (Au and NZ) – By Fei Gao, Lecturer in Taxation, Discipline of Accounting, Governance & Regulation, The University of Sydney, University of Sydney

    Tada Images/Shutterstock

    Tech giants like Google, Facebook and Netflix make billions of dollars from Australian users every year. But most of those profits are not taxed here.

    To address this tax gap, some countries have introduced a new kind of tax called the digital services tax, or DST. It applies to revenue earned from users in a country, even if the company has no physical operations there. Some European Union member countries, the UK and Canada have all introduced such a tax.

    In Australia, it is estimated the five largest tech giants recorded A$15 billion in revenue in Australia last year, but combined they paid only $254 million in tax.

    Australia has never contemplated imposing a similar tax. New Zealand tried but backed down last week after the United States threatened to impose higher tariffs on New Zealand goods.

    So what’s holding Australia back?

    How 20th-century tax treaties create 21st-century problems

    To understand why Australia thinks its hands are tied on the taxation of the multinational tech giants, we need to step back in time.

    About 100 years ago, Australia and other developed nations decided to tax residents on all their income earned worldwide, while non-residents were taxed only on income earned locally.

    After the second world war, Australia entered into tax treaties so foreign companies selling to Australian customers would no longer be taxed here. Instead, those companies’ home countries would tax all their profits.

    As the world moved to digital products this century, it became easy for giant multinational enterprises offering advertising on social media (such as Facebook and Instagram), advertising on search platforms (Google), and streaming services (Netflix) to provide those services from abroad. Little or no activity is conducted through local branches.

    But countries where the sales are made have increasingly questioned the wisdom of having forfeited their taxing rights over income by foreign providers.

    The rise of the digital services tax

    The obvious solution would have been to renegotiate the treaties. This would restore the right of countries like Australia to tax foreign companies’ profits made from local customers or users.

    However, treaty renegotiation is slow and complex. So several European countries, beginning with France in 2019, came up with a short-cut solution.

    They introduced a discrete new tax on sales of digital services, called digital services taxes (DSTs). While the specific design varies by country, most DSTs apply a low tax rate, typically between 3% and 5%, on revenue rather than profits. They target large digital platforms that earn money from users within the taxing country, regardless of the company’s location.

    Because DSTs are levied on revenue and are structured as separate from income tax, governments argued they could be introduced without breaching income tax treaties.

    The new taxes quickly became popular and spread widely.
    In Australia, the Greens have called for a DST, but both major parties have remained steadfast in their objection to a new tax. This is due to the concern that the US may impose retaliatory tariffs on Australian goods.

    US tech bosses at the inauguration of President Trump: (from left to right) CEO of Meta Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, CEO of Google Sundar Pichai and X CEO Elon Musk.
    Julia Demaree Nikhinson/AFP

    How big is the tax loss?

    Australians are enthusiastic consumers of digital products. Depending on which companies are included in the calculation, the annual revenues vary between $15 billion and $26 billion a year, but only a fraction of that is taxed here.

    At a time when the federal budget is forecasting deficits for the foreseeable future, Australia is foregoing potentially millions in lost revenue from these digital giants.

    While Australia has avoided a DST as a solution to the income tax loss, it has been willing to regulate and tax foreign digital companies in other ways.
    Australia collects 10% goods and services tax, or GST, on digital services provided to Australian companies, including streaming platforms and app subscriptions.

    This helps ensure foreign providers are taxed similarly to domestic ones when it comes to the GST.

    Australia has also imposed non-tax obligations on digital giants such as the requirement that digital platforms pay Australian media outlets for using their news content.




    Read more:
    Australia’s ‘coercive’ news media rules are the latest targets of US trade ire


    Serious hurdles for reform

    In February, the Trump administration described DSTs as tools used by foreign governments to “plunder American companies” and warned retaliatory tariffs would be imposed in response.

    The accompanying White House fact sheet singled out Australia and Canada, arguing the US digital economy dwarfs those countries’ entire economies. It suggested any attempt to tax US tech companies would not go unanswered.

    Six weeks later, the US imposed a 10% tariff on most Australian exports to the US and a 25% tariff on steel and aluminium exports.

    The US sees its penal tariff plans as a useful negotiating tool to pressure trading partners into retreat on a broad range of peripheral complaints, including the digital services tax.

    To date, only two countries have retreated: New Zealand and India. Other countries are standing firm.

    In Australia, the Greens have called for the adoption of a DST, but the current and previous governments remain firm in their opposition. There is concern about antagonising the US at a delicate time when our broader trade relations are under scrutiny.

    For the foreseeable future, the digital giants will continue to earn billions from Australian users. Most of those profits will remain beyond the reach of Australian tax law.

    Richard Krever receives funding from the ARC

    Fei Gao does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Australia could tax Google, Facebook and other tech giants with a digital services tax – but don’t hold your breath – https://theconversation.com/australia-could-tax-google-facebook-and-other-tech-giants-with-a-digital-services-tax-but-dont-hold-your-breath-257251

    MIL OSI AnalysisEveningReport.nz

  • Coco Gauff finds groove after forgetting rackets, Medvedev exits French Open

    Source: Government of India

    Source: Government of India (4)

    Coco Gauff forgot to take her rackets to the court but reminded her rivals of her French Open title ambitions with a commanding first-round win, while Daniil Medvedev was unable to string out his journey beyond the first round on a wet and windy Tuesday.

    Three-times champion Novak Djokovic overcame the difficult conditions to begin his bid for a record 25th Grand Slam title with a victory after last year’s finalist Alexander Zverev got off to a flier in his hunt for an elusive maiden major trophy.

    Former Roland Garros runner-up Gauff provided some early comic relief as the second seed grinned sheepishly and showed her empty bag to her entourage, who scampered to reunite her with her equipment before she beat Olivia Gadecki 6-2 6-2.

    “The most important thing is to play with a racket,” said Gauff, who jokingly posted a photo on X later of a to-do list that had ‘put tennis rackets in bag’ unchecked.

    “It probably relaxed me going into the match, because it was such a funny thing. I’m just happy to get through. I’ll remember my rackets next time.”

    The Madrid and Rome finalist made up for a slightly delayed start to her match on Court Philippe Chatrier by easing through the first three games and wrapped up the opening set with a brave hold after dropping serve earlier.

    There was no looking back from there as Gauff tightened her grip on the contest and booked a clash with Tereza Valentova.

    On the men’s side, third seed Zverev sealed a comprehensive 6-3 6-3 6-4 victory over Learner Tien, avenging a defeat by the 19-year-old American in Acapulco earlier this year.

    Medvedev was not as efficient, losing eight consecutive games after taking a 3-1 lead in the opening set against Cameron Norrie and his frustrations boiled over in a series of animated gestures towards his team during a 7-5 6-3 4-6 1-6 7-5 loss.

    Norrie enjoyed every bit of the Russian’s meltdown.

    “Every time I played Daniil, he’s never snapped. He’s never said anything. He’s just completely locked in and chops me every time,” Norrie said.

    “It was quite nice in the first set to see him freaking out and talking to his box and trying to look for answers.”

    Fellow Briton Jack Draper found all the answers after dropping the opening set against Mattia Bellucci, as the world number five prevailed 3-6 6-1 6-4 6-2 after 17th seed Andrey Rublev kept his cool to beat Lloyd Harris 6-4 4-6 6-3 6-1.

    SPIRITS LIFTED

    Earlier, Dusan Lajovic crashed out 6-2 6-4 7-6(4) to Kazakh lucky loser Alexander Shevchenko while Laslo Djere fell 6-3 6-4 7-6(6) to Australian ninth seed Alex De Minaur, much to the disappointment of the Serbian fans.

    Sixth seed Djokovic lifted their spirits, though, as the 38-year-old wrestled Mackenzie McDonald into submission with a dominant 6-3 6-3 6-3 win on the same court where he captured singles gold at the Paris Olympics last year.

    “It’s great to return here a year later. I don’t know how many Grand Slams I have left but this is special,” he said.

    “I feel good and here even better because I can relive the Olympics. Today it was a solid match throughout all three sets.

    “I know I can play at a better level than today but I’m satisfied. There’s the chance to make further history and that is the biggest motivation to work, improve and be here.”

    It was the end of the road for Bulgarian veteran Grigor Dimitrov after the 16th seed pulled up with a left thigh injury during his match against Ethan Quinn to exit a fourth straight Grand Slam due to retirement.

    In the women’s draw, former runner-up Sofia Kenin advanced to the second round after a 6-3 6-1 win over French number one Varvara Gracheva while Hailey Baptiste beat 2023 semi-finalist Beatriz Haddad Maia 4-6 6-3 6-1.

    Former world number one Victoria Azarenka became the oldest woman in the professional era since 1968 to win a singles Grand Slam main-draw match with a 6-0 6-0 scoreline, after the 35-year-old dished out a double bagel to Yanina Wickmayer.

    Marketa Vondrousova, the 2023 Wimbledon champion, breezed past Oksana Selekhmeteva 6-4 6-4 while sixth seed Mirra Andreeva beat Cristina Bucsa 6-4 6-3 to underline her title credentials after a run to last year’s semi-finals.

    Andreeva’s idol Ons Jabeur suffered a shock first round defeat by Magdalena Frech on Court Simonne Mathieu, as the twice quarter-finalist went down 7-6(4) 6-0.

    -Reuters

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” Starts Exchange And Cash Tender Offer For Notes ISIN LT0000405938

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW.

    • Under the Exchange offer, the Noteholders of Notes ISIN LT0000405938 (EUR 2021/2025 Notes) may exchange the EUR 2021/2025 Notes to new senior unsecured Notes ISIN LT0000134439 (EUR 2025/2027 Notes) to be issued at an exchange ratio of 1 to 1. These EUR 2025/2027 Notes will carry an annual interest rate of 8.0% and be issued under Final Terms and Base Prospectus approved on 27 May 2025.
    • Investors participating in the Exchange offer will receive unpaid accrued interest in cash from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • Under Cash Tender offer the Noteholders of EUR 2021/2025 Notes may receive a cash payment of 99 per cent of Denomination per each EUR 2021/2025 Note tendered on 13 June 2025, plus unpaid accrued interest in cash from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • The Exchange offer period for Noteholders of EUR 2021/2025 Notes will run from 28 May 2025 to 11 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.
    • Cash Tender offer period for Noteholders of EUR 2021/2025 Notes will run from 28 May 2025 to 12 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.

    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” has launched its public offering of EUR 2025/2027 Notes and an offer to exchange its EUR 2021/2025 Notes for new EUR 2025/2027 Notes, or alternatively, to tender the EUR 2021/2025 Notes (Denomination of EUR 100,000 and integral multiples of EUR 1,000) for a cash payment of EUR 99.00 per Denomination. The objective is to refinance the EUR 2021/2025 Notes and issue new EUR 2025/2027 Notes in an amount up to EUR 65 million.
    Manager of Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos”: “With the exchange offer, we are offering existing EUR 2021/2025 Notes investors a possibility to conveniently switch their investment maturing on December 2025 to the newly issued debt securities. As to the cash offer, since after the sale of Polish PV portfolio at the end of 2024 the company has collected excess cash proceeds, it was decided to provide an additional liquidity opportunity for existing investors to tender their notes to the Issuer. The company has allocated up to EUR 10 million for the tender offer which can be increased up to EUR 30 million subject to demand of new EUR 2025/2027 Notes.”
    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” has appointed FMĮ UAB Orion Securities to act as the Lead Manager to UAB “Atsinaujinančios energetikos investicijos” in Exchange and Cash Tender offer for EUR 2021/2025 Notes.

    EXCHANGE AND CASH OFFER
    Noteholders of the EUR 2021/2025 Notes (ISIN LT0000405938) are invited to:

    • Exchange their existing EUR 2021/2025 Notes (ISIN LT0000405938) at a 1:1 ratio for new senior unsecured EUR 2025/2027 Notes (ISIN LT0000134439) with a denomination of EUR 100,000 and integral multiples of EUR 1,000, carrying an annual interest rate of 8.0% to be issued under Final Terms and Base Prospectus approved on 27 May 2025.
    • In case there is an oversubscription of EUR 2025/2027 Notes the investors shall be satisfied and the number of EUR 2025/2027 Notes to be allocated to each investor shall be determined upon the discretion of the Issuer.

    Alternatively, the Noteholders of the EUR 2021/2025 Notes (ISIN LT0000405938) may:

    • Tender their existing EUR 2021/2025 Notes (ISIN LT0000405938) for cash payment of 99 per cent of Denomination per each EUR 2021/2025 Note tendered to be paid on 13 June 2025, plus accrued and unpaid interest from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • Cash offer is of minimum EUR 10 million; cash offer maximum amount of EUR 30 million is subject to demand of new EUR 2025/2027 Notes.

    The existing EUR 2021/2025 Notes not exchanged or tendered will remain outstanding and be redeemed at maturity.

    INFORMATION ON OFFERING PROCESS
    All noteholders will be notified of the offer through their depository banks. Upon instructing their custodian to participate—either by exchanging notes or tendering for cash—the respective EUR 2021/2025 Notes will be restricted from trading. Notes not instructed for participation will remain freely tradable.
    Exchange Offer Period: 28 May 2025 – 11 June 2025, closing at 2:30 pm CEST / 3:30 pm Vilnius time.
    Results Announcement: On or around 13 June 2025.

    NEW EUR 2025/2027 NOTES

    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” intends to issue new EUR 2025/2027 Notes in an amount of EUR 65 million with the following features:

    • Interest rate of 8.0% per annum.
    • Maturity of 2,5 years.
    • Terms and conditions: Final Terms and Base Prospectus. Documents are available at: https://lordslb.lt/AEI_green_bonds_2025/.
    • Listing on Nasdaq Vilnius Stock Exchange (Regulated Market).
    • Distribution period: from 28 May 2025 to 11 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.

    INVESTOR PRESENTATIONS
    Manager of Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” Mantas Auruškevičius will present the offer via webcast/conference call:

    • English-language session: 4 June 2025 at 13:00 CEST / 14:00 Vilnius time. Please register in advance to attend:

    https://us06web.zoom.us/webinar/register/WN_d32cZE8xSqyFs8tcMpwLqA#/registration

    • Lithuanian-language session: 5 June 2025 at 9:00 CEST / 10:00 Vilnius time. Please register in advance to attend:

    https://us06web.zoom.us/webinar/register/WN_wxUoUAWzQ9244uO9HlNX-g#/registration

    CONTACT INFORMATION

    For questions about the Exchange offer, please contact Orion Securities via email: corporateaction@orion.lt, phone: +37068758168.
    Further details and required documents are available at: https://lordslb.lt/AEI_green_bonds_2025/

    IMPORTANT INFORMATION
    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.
    This announcement does not constitute an offer of securities for sale in the United States of America. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States of America and may not be offered or sold, directly or indirectly, within the United States of America or to, or for the account or benefit of, U.S. persons (as defined under Regulation S under the Securities Act) except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
    This announcement does not constitute an offer of notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the notes. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “Relevant Persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.

    Mantas Auruškevičius
    Manager of Closed – End Investment Company Intended for Informed Investors
    UAB “Atsinaujinančios energetikos investicijos”
    mantas.auruskevicius@lordslb.lt

    The MIL Network

  • MIL-OSI USA: Chairman Mast, Republicans Blast EU Inaction as Polish Globalists Undermine Free Election

    Source: US House Committee on Foreign Affairs

    Media Contact 202-226-8467

    WASHINGTON, D.C. – Today, House Foreign Affairs Committee Chairman Brian Mast led fellow members of the panel in a letter to European Commission President Ursula von der Leyen raising serious concerns over the European Union’s role in ensuring fair elections as Poland approaches the second round of its presidential elections on June 1, 2025.

    Chairman Mast and his fellow Republicans cite recent reports that a Polish NGO with ties to U.S. Democrat Party megadonor George Soros facilitated a social media campaign featuring $105,000 worth of allegedly illegal political ads promoting Civic Coalition candidate Rafal Trzaskowski and discrediting his rivals.

    The new developments follow a monthslong refusal by Poland’s current government to release tens of millions of dollars in public campaign funds to the opposition Law and Justice party.

    “Reports of foreign-funded political advertisements favoring Rafał Trzaskowski, the Civic Coalition (KO) candidate backed by Prime Minister Donald Tusk, that may have occurred in contravention of Polish law, combined with the Tusk government’s reported monthslong refusal to comply with court orders to release public funding to the opposition Law and Justice (PiS) party, suggest a deliberate effort to tilt the electoral playing field,” the lawmakers wrote. “These actions, occurring under the European Commission’s watch, expose a troubling double-standard in the EU’s approach to Poland’s rule of law, which demands your urgent attention.”

    In addition to Chairman Mast, the letter was co-signed by Reps. Chris Smith (R-NJ), Keith Self (R-TX), Darrell Issa (R-CA), Tim Burchett (R-TN), Warren Davidson (R-OH), Anna Paulina Luna (R-FL), and Andy Harris (R-MD).

    Read the full letter here and below.

    Dear President von der Leyen:

    We write to express profound alarm over reported developments in Poland that may undermine the integrity of its democratic processes, particularly as the country approaches the second round of its presidential election on June 1, 2025. Reports of foreign-funded political advertisements favoring Rafał Trzaskowski, the Civic Coalition (KO) candidate backed by Prime Minister Donald Tusk, that may have occurred in contravention of Polish law, combined with the Tusk government’s reported monthslong refusal to comply with court orders to release public funding to the opposition Law and Justice (PiS) party, suggest a deliberate effort to tilt the electoral playing field.  These actions, occurring under the European Commission’s watch, expose a troubling double-standard in the EU’s approach to Poland’s rule of law, which demands your urgent attention.

    On May 15, an investigation by a leading Polish publication reported that a Polish NGO, which received funding from organizations funded by U.S. Democratic Party megadonor George Soros’ Open Society Foundations, facilitated the production of social media advertisements promoting Trzaskowski and discrediting his rivals, PiS-backed Karol Nawrocki and Confederation-backed Sławomir Mentzen.  Several sources also reported that Estratos Digital GmbH—a Vienna-based firm majority-owned by Higher Ground Labs, a U.S. fund operated by major Democratic Party operatives who helped run the U.S. presidential campaigns of Barack Obama, Hillary Clinton, and Kamala Harris—was behind the approximately 420,000 PLN ($105,000 USD) in allegedly “illegal political ads” posted by the Polish NGO on Facebook since April 10, 2025 in support of Trzaskowski.  Estratos is the same organization that reportedly played a key role backing the anti-Viktor Orban opposition in Hungary’s 2022 elections, allegedly “concealing campaign financing sources, raising additional red flags about their operations in Poland.”

    Equally disturbing are reports of the Tusk government’s monthslong refusal to release tens of millions of dollars in public campaign funding that PiS is legally entitled to receive, defying a ruling by the Supervisory Chamber of Poland’s Supreme Court, a payment demand from Poland’s National Electoral Commission, and an opinion by Poland’s Ombudsman (Human Rights Commissioner) Marcin Wiące to release the money.  Further, by withholding these funds, the Tusk administration appears to be attempting to cripple PiS’s ability to compete fairly in the presidential election and violating the rule of law.

    The European Union, as a guarantor of democratic standards and human rights under the Treaty on European Union, has a responsibility to ensure that member states uphold the rule of law.  Yet, despite the European Commission’s vocal criticism and decision to withhold over $150 billion from Poland for alleged rule of law violations under the previous PiS government, it has remained conspicuously silent despite clear evidence of rule of law violations under Tusk’s administration.  In fact, in February 2024—after the Tusk government ousted and installed a new National Prosecutor without President Duda’s approval in reported violation of Polish law—the European Commission, under your direction, released $7.1 billion (€6.3 billion) of the funds it had been withholding from the PiS government despite the fact that the Tusk government had not yet implemented any of the “milestones” the EU had demanded the previous PiS government complete for their release.  This selective enforcement—condemning and sanctioning PiS while ignoring Tusk’s actions—suggests a double standard that could undermine the EU’s credibility as a guardian of democratic principles.

    These developments also raise critical questions about the integrity of Poland’s democratic institutions and the EU’s role in ensuring fair elections. To address these concerns, we respectfully request that your staff arrange a briefing to answer the following questions:

    1.        What entities provided the $105,000 (420,000 PLN) used for the Facebook advertisements promoting Rafał Trzaskowski, and did any of these funds originate from foreign sources in violation of Polish electoral law?

    2.        What role, if any, did Estratos Digital GmbH and its U.S.-based owner, Higher Ground Labs, play in coordinating or financing these advertisements, and to what extent were U.S. Democratic Party operatives directly involved?

    3.        How does the Commission justify its failure to address the Tusk government’s refusal to release millions of dollars in court-ordered funding to PiS, given its prior sanctions against the prior PiS government for rule-of-law violations?

    4.        Why has the Commission remained silent on Finance Minister Andrzej Domański’s defiance of Poland’s Supreme Court, National Electoral Commission, and Ombudsman rulings, given its previous vocal criticism and aggressive actions against the PiS government?

    5.        What oversight mechanisms, if any, has the Commission implemented to prevent foreign-funded NGOs, such as those linked to George Soros’ Open Society Foundations, from influencing Poland’s 2025 presidential election?

    ###

    MIL OSI USA News

  • MIL-OSI Economics: Philip R. Lane: Interview with Frankfurter Allgemeine Zeitung

    Source: European Central Bank

    Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Christian Siedenbiedel on 20 May 2025

    27 May 2025

    Mr Lane, inflation rates in the euro area have fallen sharply since autumn 2022. Has inflation been beaten?

    As you say, inflation rates were temporarily above 10 per cent in 2022. Over the past two years, we have focused on bringing inflation back down to 2 per cent. This task has now mostly been completed. I am saying “mostly” because some final steps still need to be taken. For example, services inflation is still too high. But we expect it to decline in the coming months, as we think wage inflation is coming down. So the disinflation from the high inflation of 2022 is on track – but unfortunately new challenges are emerging.

    Over what time frame are you expecting the inflation rate to sustainably meet the ECB’s 2 per cent target?

    Recently, the inflation rate in the euro area stood at 2.2 per cent, which isn’t so far from our 2 per cent target. I believe that the inflation rate will remain in a zone close to 2 per cent in the coming months. But part of your question is about whether this will be on a sustained basis. And this is where we have to work out whether new challenges, in particular those to do with trade policy, could cause an inflation issue in either direction.

    Many people have the feeling that they are noticing inflation much more in the supermarket. What do you say to them?

    It is not unfounded. Food inflation remains well above 2 per cent – currently around 3 per cent. For unprocessed food, for example fruit and vegetables, it is even close to 5 per cent. So this perception is correct: “supermarket inflation” is higher than the general inflation rate. But this is offset by other developments, such as energy prices. Goods price inflation is also below the current headline inflation rate.

    How much is the reduction in inflation really down to the ECB – and to what extent is it simply a consequence of the sharp rise and subsequent fall in energy prices?

    This time is different from the 1970s. At that time, many central banks didn’t manage to convince people that inflation would fall again – although the Bundesbank did better than others. People expected inflation to remain high. This time around we made it clear that the ECB would deliver on price stability. Through our monetary policy, we have prevented double-digit inflation from getting entrenched. So we played our part and ensured that this period of high inflation remained temporary. Due to our intervention, fluctuations in energy prices have not led to a permanent surge in inflation.

    What impact do you expect Donald Trump’s tariffs to have on inflation in the euro area?

    This has been the subject of intense debate since the election in November. Several factors play a role: first, the exchange rate between the US dollar and the euro. Many expected that tariffs would weaken the euro. So far, however, the opposite has occurred. Second, the tariffs have an impact on global economic growth; the slowdown has pushed down oil and gas prices, and this was not in the initial discussion but is proving important. And third, with respect to trade between the United States and China, China is likely to export less to the United States and more to Europe. So there are a number of factors that could lead to lower inflation in the euro area. But we also have to keep in mind that we don’t know the outcome of the negotiations between the EU and the United States.

    At this point, is it possible to predict what’s ultimately going to happen?

    The outcome is still quite open at the moment. For the time being, there are some factors that tend to support a drop in euro area inflation. However, the picture could shift if, for example, the negotiations between the EU and the United States fail, with the United States imposing higher tariffs and the EU implementing counter tariffs. Supply chains could also be disrupted – this could drive up inflation.

    Are there differences between short-term and long-term effects?

    I would actually distinguish between three time horizons: short term, medium term and long term. In the coming months, in other words for the remainder of 2025, the inflation rate is expected to be close to target. Over the medium term, the impact of US tariffs on inflation could materialise, including through the exchange rate and energy prices. Looking further ahead to the long term, analysts and financial markets are reasonably confident that inflation will return to the ECB’s target. The main focus of the ECB’s monetary policy is on the medium-term horizon: that is to say, one or two years ahead.

    Is there any reason to be concerned that people’s inflation expectations could rise more quickly again because the experience of very high inflation is still so recent?

    As a directional statement, I agree. Before the pandemic, many were convinced inflation would stay very low. The high inflation episode was a painful reminder that inflation can arise. But such a combination of extraordinary events – the pandemic, Russia’s war in Ukraine – is very rare. The more concrete question for us is: could a world of shocks relating to structural changes – arising from challenges to globalisation, increased automation, changing demography – push inflation noticeably below or above 2 per cent, and how responsive will inflation expectations be? Part of our job will be to make sure expectations remain anchored, that people have the reassurance that if inflation moves away from 2 per cent we will bring it back.

    What impact do the current labour shortages and low unemployment have on inflation?

    There is certainly a difference compared with the pre-pandemic period. That’s why I don’t think we will return to inflation rates that are as low as they were back then. When unemployment is low, firms and employees are more likely to settle on wage increases – perhaps around 3 per cent on average in the euro area. This is a normalisation and, allowing for rising labour productivity, makes our 2 per cent target more credible. But I do not see any signs of a wage-price spiral at present, and this also applies to Germany.

    In Belgium, wages are, in part, directly bound to inflation. Has that added to inflation there?

    During the period of high inflation, wages rose rapidly in Belgium but, as inflation fell, wage growth slowed down quickly again. In Germany, there was a different pattern: it took longer for wages to go up. But there is no major difference when looking at the average over three to five years.

    Do you think it is possible that the new protectionism will lead to deglobalisation in the longer term, resulting in structurally higher inflation rates?

    It is important to differentiate between temporary and permanent effects. For many firms the business model is connected to globalisation. A phase of deglobalisation could initially dampen economic growth, which would make it more likely that inflation rates would fall. Following that transition, inflation and its volatility could increase as the offsetting effect of favourable imports fades. It could mean that, as a central bank, we have to be more active in our policy responses to return inflation to 2 per cent over the medium term.

    The Federal Reserve fears that US tariffs could lead to transitory, i.e. temporary, inflation. Would it leave inflation in the euro area unaffected if US rates rise?

    The world needs the Federal Reserve to maintain price stability for the United States. If this means high US interest rates, it can lead to a stronger dollar and thereby somewhat higher inflation for Europe in the short term. In the medium term, however, high US interest rates mostly hold back the global economy – which tends to lead to lower inflation in the euro area. There are always some spillover effects.

    What does all this mean for the ECB’s interest rate policy?

    We need to find a middle path. If we keep interest rates too high for too long, the disinflation pressure of US tariffs could cause inflation rates to fall below our target. If we cut too much and too quickly, a strengthening economy and other factors could drive inflation back up. This is why we will pay close attention to the data in our next meetings. If we see signs of further falling inflation, we will respond with further interest rate cuts – but the range of discussion is not that wide: no one is talking about dramatic rate cuts. We are in a zone of normal central banking.

    Are the key ECB interest rates now in the neutral range?

    The neutral interest rate can only be estimated and it is a long-term concept. In the long term, the neutral interest rate could be around where we are now. But the world is not in equilibrium and the appropriate interest rate may be different in the short term. I would differentiate between the three policy rate zones: a clearly restrictive one with rates say in the high twos or above; and a clearly accommodative one – for the sake of discussion, say rates below 1.5 per cent are clearly accommodative. Going there would only be appropriate in the event of more substantial downside risks to inflation, or a more significant slowdown in the economy. I do not see that at the moment. And there is a zone in between, where it is more of a question of cyclical management. We are navigating in that zone at the moment. This is the focus of the discussions at the ECB.

    Can the ECB be indifferent to exchange rate developments when there is a sharp depreciation of the dollar, like at the moment? Unlike the Bundesbank in the past, you aren’t pursuing an official exchange rate policy…

    The exchange rate is of course an important factor in the development of inflation, even if we do not pursue an explicit exchange rate policy. However, most trade in the euro area takes place between countries sharing the euro as a common currency and, therefore, the exchange rate does not play a role. Trade with the United States and other regions of the world is important but it’s not the dominant factor. At the same time, we need to look at the impact of exchange rate shifts in a situation like we have now.

    Do you think that the euro could replace the US dollar as the world’s reserve currency as a consequence of the unreliable economic policies of the United States?

    I think the question whether the euro should overtake the US dollar is not so important. I can imagine that the euro will become more important as a reserve currency in the current situation. In the first decade of the euro, there was an optimism that we would no longer live in a world with a single world currency, the dollar. Now, the United States is facing all kinds of questions about its role in the world economy. The natural second currency is the euro. It is well placed to gain a bigger share of the market. This could be supported by further European integration – to put the euro on a firmer foundation.

    In your estimation, how great is the risk that we will now see more frequent waves of inflation, like those seen recently?

    The specific circumstances of the last wave of inflation will probably not be repeated quickly. Something like that occurs at most every few decades. Nevertheless, I also consider very low inflation rates, like those before the pandemic, to be unlikely in the current circumstances where there are so many upheavals and changes. There could be more external shocks and fluctuations in inflation rates than in the past. That means that we have an important job to do at the ECB. We may need to become even more active than before in adjusting our policy to the incoming shocks.

    MIL OSI Economics

  • MIL-OSI Economics: Members agree on 2025 chairpersons for subsidiary bodies of Goods Council

    Source: World Trade Organization

    Committee on Agriculture

    Mr Diego ALFIERI (Brazil)

    Committee on Anti-dumping Practices

    Mr Hirokazu WATANABE (Japan)

    Committee on Customs Valuation

    Ms Judith Yu-ying KUO (Chinese Taipei)

    Committee on Import Licensing

    Mr Tiago SERRAS RODRIGUES (Portugal)

    Committee on Market Access

    Mr Ninad DESHPANDE (India)

    Committee on Rules of Origin

    Ms Carol TSANG (Hong Kong, China)

    Committee on Safeguards

    Mrs Milagros MIRANDA ROJAS (Peru)

    Committee on Sanitary and Phytosanitary Measures

    Mrs Maria COSME (France)

    Committee on Subsidies and Countervailing Measures

    Mr Jungsoo HUR (Korea, Republic of)

    Committee on Technical Barriers to Trade

    Ms Beatriz STEVENS (United Kingdom)

    Committee on Trade Facilitation

    Mr Edem KOSSI (Togo)

    Committee on Trade-Related Investment Measures

    Ms Maryam Abdulaziz ALDOSERI
    (Kingdom of Bahrain)

    Committee of Participants on the Expansion of Trade in Information Technology Products

    Mr George Andrei RUSU (Romania)

    Working Party on State Trading Enterprises

    Mr Sokheng KONG (Cambodia)

    MIL OSI Economics

  • MIL-OSI Europe: Written question – Stage of implementation of Directive (EU) 2024/1438 on the labelling and traceability of honey, and support for the EU apiculture sector – E-002026/2025

    Source: European Parliament

    Question for written answer  E-002026/2025
    to the Commission
    Rule 144
    Kristian Vigenin (S&D)

    Bees play a key role in biodiversity and sustainable agriculture in the European Union. They are irreplaceable and on them depends not only environmental balance but also the security of the food chain. Protecting bees and ensuring honey production quality are therefore of key significance for EU citizens.

    With the adoption of Directive (EU) 2024/1438, which sets new requirements for the labelling and traceability of honey, the European Union has taken an important step towards increasing consumer awareness and transparency on the bee product market.

    I would like to ask the following questions in this connection.

    • 1.What stage has been reached, in the Member States and more specifically in the Republic of Bulgaria, in the transposition of Directive (EU) 2024/1438?
    • 2.What concrete measures have been taken or are about to be taken to implement the new requirements on the labelling and traceability of honey?
    • 3.What support mechanisms have been foreseen to help bee-keepers adapt to the new rules?

    Submitted: 20.5.2025

    Last updated: 27 May 2025

    MIL OSI Europe News