Category: European Union

  • MIL-OSI United Kingdom: Museum takes time to pay striking tribute to city’s classic clocks

    Source: City of Leeds

    Beautiful vintage clocks will take museum visitors in Leeds on a journey through time this week.

    The carefully curated collection of historic timepieces will be going on show at the Leeds Discovery Centre during a special family workshop exploring the art of clockmaking while looking at some of the museum’s huge collection.

    With examples including cuckoo clocks, long case clocks, better known as Grandfather clocks, and even retro digital bedside alarm clocks, the event will give visitors of all ages the opportunity to find out about some of the city’s esteemed clockmakers while getting an up-close look at their work and taking part in clock-themed some craft activities.

    Among the pieces featured in the event will be elaborate painted clock faces by Leeds artisans J C Elliott and G Winter, who both had local workshops in the late 19th Century, when many such small, family-run shops would have been located in big cities like Leeds.

    An intricate, early 20th Century Swiss-made wooden cuckoo clock and some classic examples of 19th and 20th Century carriage clocks are also included. They will be shown alongside a more modern, 1970s Minitman digital bedside alarm clock.

    Kitty Ross, Leeds Museums and Galleries’ curator of social history, said: “The variety of the timepieces in our collection really demonstrates how keeping time has been a blend of form and function for generations, with people not only wanting an accurate and reliable way to tell the time, but also a decorative and often beautiful one too.

    “This led to a wealth of remarkably talented and artistic clockmakers honing their craft in cities like Leeds, often passing on their skills to their descendants and forming highly respected family businesses which made a lasting contribution to the city.

    “Their work has very much stood the test of time and it’s a tribute to their skill that we’re still able to see and appreciate their work today and share it with visitors and families.”

    Other notable Leeds clockmakers include the famed Potts and Sons, established in Pudsey in 1833 by William Potts.

    As the company grew, they supplied 1,568 clocks for locations including at Leeds Town Hall and Leeds Corn Exchange.

    Potts clocks could also be found at Lerwick Town Hall in the Shetland Islands, the Roman Catholic Church Hall in Melbourne, Australia and the post office in Port Lyttleton, New Zealand.

    As well as learning about clockmakers of the past, visitors and families at this week’s workshop will also have the chance to get hands on and make their own wall clock to take home.

    Councillor Salma Arif, Leeds City Council’s executive member for adult social care, active lifestyles and culture, said: “Leeds has been home to so many talented artisans over the years who have really left their mark on the city and it’s fitting that we’re able to pay tribute to their efforts today.

    “The work of our museums and galleries in preserving and celebrating these important parts of our local heritage also enables us to continue to learn and be inspired by the amazing story of Leeds.”

    Turn Back the Clock takes place at Leeds Discovery Centre on May 28 on a give what you can basis, where visitors choose to pay what they can.

    More information and how to book can be found at: Turn Back the Clock | Leeds Museums and Galleries | Days out and exhibitions

    ENDS

    MIL OSI United Kingdom

  • MIL-OSI: The Eclipse Foundation and the Adoptium Working Group Announce the Latest Eclipse Temurin Open Source Java SE Runtime

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS, May 27, 2025 (GLOBE NEWSWIRE) — The Eclipse Foundation, a leading open source foundation, in collaboration with the Adoptium Working Group, today announced the latest release of Eclipse Temurin’s Java SE runtime. As organisations around the world reevaluate their approach to Java, given recent changes in licensing and support costs, Eclipse Temurin continues to see incredible growth, having just surpassed 600 million downloads, rapidly approaching double the 380 million recorded at this time last year. This release improves stability, security, and platform coverage, including updates to Windows AWT behavior, Docker image cleanup, and expanded support for AIX ppc64 systems. These updates reinforce Temurin’s focus on platform relevance, modernisation, and enterprise-grade stability.

    “Eclipse Temurin’s incredible growth reflects a clear shift in how enterprises are managing their Java enterprise application infrastructure. Organisations are seeking secure, high-quality, open source, and vendor-neutral alternatives, and Temurin delivers just that,” said Mike Milinkovich, executive director of the Eclipse Foundation. “With this latest release, we’re continuing to deliver the quality and assurance organisations expect from commercial offerings, while also introducing new ways for the community to support and sustain this momentum.”

    The latest Eclipse Temurin release (8u452, 11.0.27, 17.0.15, 21.0.7, 24.0.1) includes:

    • Reverted AWT headless detection on Windows to avoid regressions.
    • Removed outdated Docker images for Windows ServerCore & NanoCore (1809).
    • Added AIX ppc64 support for JDK 24, improving enterprise platform reach.
    • Delayed Windows aarch64 build for JDK 24 due to unresolved test issues.

    In addition to the latest release, the Adoptium Working Group is also introducing two related initiatives to educate enterprises and ensure Eclipse Temurin’s continued growth remains sustainable. First, the Working Group released a new ROI calculator that helps organisations quantify the financial impact of switching to open source Java, with enterprises reporting average annual savings of over $1.6 million after migrating from paid Java SE options to open source solutions like Eclipse Temurin. The Working Group also launched the Temurin Sustainer Program, which encourages reinvestment in the technology infrastructure that powers mission-critical Java workloads.

    The Eclipse Temurin Sustainer Program invites enterprises benefiting from Temurin to contribute a portion of their savings back into the project. Contributions are not required, and supporters can choose from several flexible funding tiers based on their estimated savings and scale of usage. These funds support faster releases, security maintenance, and expanded test infrastructure. The Temurin ROI calculator, available here, provides personalised estimates of Java support cost savings for organisations of any size.

    The Temurin Sustainer Program is not just about cost efficiency but also about supporting one of the most critical elements of an enterprise’s technology stack. For enterprises relying on open source solutions like Eclipse Temurin, this program enables them to optimise their investment in Java and contribute to the broader innovation driving this ecosystem forward.

    The Eclipse AQAvit project is a prime example of how the Temurin Sustainer Program will continue to drive innovation, enabling smarter automation, better test coverage, and faster delivery across Java SE runtimes. Eclipse AQAvit™ is the quality and runtime branding evaluation project for Java SE runtimes and associated technology. During a release, it takes a functionally complete Java runtime and ensures that all the additional qualities are present that make it suitable for production use. Interested parties can learn about new and upcoming features here.

    About the Adoptium Working Group
    The Adoptium Working Group promotes and supports secure, high-quality, TCK-certified runtimes and associated technologies, backed by 84 dedicated contributors and 11 member companies, including Java ecosystem leaders and enterprise users. The Strategic Members of the Adoptium Working Group include Alibaba Cloud, Azul Systems, Google, Microsoft, Red Hat, and Rivos. The Adoptium Marketplace extends this leadership role and gives even more organisations a means of distributing their binaries.

    If your organisation is interested in participating in the Adoptium Working Group, you can view the Charter and Participation Agreement or email us at membership@eclipse.org. Companies can also participate as sponsors. Both membership and sponsorship help assure the sustainability of the Adoptium Working Group and certified open source runtimes for the developer community.

    About the Eclipse Foundation
    The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and edge applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 300 members. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.
    Third-party trademarks mentioned are the property of their respective owners.

    Media contacts:
    Schwartz Public Relations (Germany)
    Gloria Huppert/Marita Bäumer
    Sendlinger Straße 42A
    80331 Munich
    EclipseFoundation@schwartzpr.de
    +49 (89) 211 871 -70/ -62

    514 Media Ltd (France, Italy, Spain)
    Benoit Simoneau
    benoit@514-media.com
    M: +44 (0) 7891 920 370

    Nichols Communications (Global Press Contact)
    Jay Nichols
    jay@nicholscomm.com
    +1 408-772-1551

    The MIL Network

  • MIL-OSI: Nokia accelerates mass market multi-Gig broadband with new high-density 25G PON line card

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia accelerates mass market multi-Gig broadband with new high-density 25G PON line card

    • The new 16-port line card solution is optimized for mass market 25G PON, ensuring multi-gigabit can be delivered in a cost-effective way to everyone without compromise.
    • Nokia’s 25G PON line card, based on the Quillion chipset, supports GPON, XGS, and 25G PON, providing flexible upgrade options that can future-proof fiber access networks.
    • 25G PON is the fastest, greenest and most cost-effective way to deliver multi-gig and 10G+ residential services.

    27 May 2025
    Espoo, Finland – Nokia today announced the launch of a new 25G PON high-density line card designed to deliver mass market, multi-gig, residential broadband services that users expect from a premium broadband experience. Supporting a diverse range of PON technology options, the new solution provides operators with a cost-effective way to deliver true 10Gb/s broadband services in a cost-effective way. The 16-port line card, based on Nokia’s Quillion chipset, supports GPON, XGS-PON, 25G PON and multi-PON variants like GPON + XGS-PON, XGS+25G PON and GPON + XGS + 25G PON on every port, giving operators the flexibility to seamlessly evolve with market demands.         

    The need for multi-gigabit is gaining momentum as operators look to move beyond providing sustained, average bandwidth toward differentiated services that can handle bursty, high-peak traffic demands and deliver superior customer experiences. End-users also increasingly seek high-speed upstream and downstream connectivity for real-time access to the cloud, gaming, home working and Wi-Fi 7. With 10G+ connectivity, games can be downloaded in minutes versus an hour with 1 Gigabit speeds, data and application in the cloud can be accessed instantaneously, and Wi-Fi 7 can be effectively backhauled.

    “We’re helping operators deliver unbeatable multi-gigabit experiences today with our new 25G PON solution. It combines speed, scale, and efficiency — giving service providers an efficient path to new revenue streams, without having to rethink their entire network,” said Geert Heyninck, General Manager, Broadband Networks at Nokia.

    “Being able to cost-effectively scale multi-gigabit and true 10Gb/s services across their entire residential subscriber base is critical for service providers in increasingly competitive broadband markets. The ability to offer the highest speeds, and handle high-peak traffic demands with the lowest latency and jitter is how providers will stand out from the crowd and keep subscribers happy,” said Jeff Heynen, Vice President, Broadband Access and Home Networking at Dell’Oro Group.

    Expanding Nokia’s comprehensive 25G PON portfolio, the new line cards can be paired with Nokia’s fiber modems to provide a future-proof, cost-efficient, end-to-end solution for mass market 25G PON residential and enterprise service deployments. Today 20 operators, including Google Fiber, and Hong Kong Broadband are using Nokia’s proven 25G PON technology to address demand for faster broadband speeds.

    “Fiber is a strategic asset that ensures our network can scale and adapt to changing customer needs. The ability to seamlessly upgrade from GPON to XGS-PON and now 25G PON, along with our unique coexistence technology, reflects our commitment to staying ahead of the curve. 25G PON strengthens our competitive position, enabling us to deliver high-speed, future-proof connectivity for businesses and an expanding base of residential customers who increasingly depend on fast, reliable broadband for cloud services, gaming, and immersive digital experiences,” said Veronica Bloodworth, EVP and Chief Network Officer at Frontier.

    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

    Follow us on social media
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    The MIL Network

  • MIL-OSI Europe: OSCE launches Regional Task Force on Education for Just and Inclusive Energy Transition in Central Asia

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE launches Regional Task Force on Education for Just and Inclusive Energy Transition in Central Asia

    As the renewable energy sector in Central Asia grows, so does the need for a skilled and inclusive workforce to support it. In response, the OSCE and the Regional Environmental Centre for Central Asia (CAREC) officially launched the OSCE Regional Task Force on Education for Just and Inclusive Energy Transition (RTEET) in Central Asia with a kick-off meeting in Almaty, Kazakhstan, on 22 and 23 May.
    The RTEET initiative brings together key stakeholders from across Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, including representatives from ministries of energy and education, universities, technical colleges, private sector actors and development partners. Its main goals are to develop pilot curricula in renewable energy and foster long-term collaboration between the education and energy sectors.
    “Education plays a critical role in accelerating the energy transition — but it must be inclusive and adaptable” said Giulia Manconi, Senior Energy Security Adviser at the OSCE. “The OSCE is committed to supporting countries in building the human capital needed for a green and just future. This includes helping to align education systems with evolving energy demands, and empowering women and young professionals in the renewable energy sector”,
    At the two-day meeting, government officials, academic leaders, energy experts, and international partners discussed how renewable energy education can be better aligned with labor market needs, while advancing gender equality and inclusivity within the energy transition.
    Participants also reviewed the preliminary findings of a regional needs assessment conducted by the OSCE, which identified key skill gaps, institutional challenges, and priorities for curriculum development across the five Central Asian countries. The event also included site visits to the scientific laboratories of Kazakh-British Technical University and Satbayev University, where cutting-edge energy technologies were showcased.
    The RTEET initiative will run from March 2025 to May 2026. Major milestones include the development of a regional renewable energy course, pilot implementation in selected institutions, and policy consultations to help mainstream renewable energy education throughout the region.
    The initiative is part of the OSCE extrabudgetary project “Promoting Women’s Economic Empowerment in the Energy Sector in Central Asia”, funded by Austria, France, Germany, Italy, Norway and Poland.
    Further resources, materials, and updates about RTEET will be posted here.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Scottish Child Payment is making a ’massive difference’

    Source: Scottish Government

    Michelle, a mother of three from Edinburgh has shared the impact Scottish Child Payment is having in her daughter’s life.

    “One of my daughters has autism and ADHD, and Scottish Child Payment allows me to do activities that calm her down and make her happy and that makes a massive difference.”

    Figures released today, reveal that Michelle’s daughter is just one of 326,255 children who are actively benefiting from Scottish Child Payment.

    Scottish Child Payment is unique to Scotland and provides financial support for families, helping with the costs of caring for a child. It is a weekly payment, currently worth £27.15, for every eligible child that a parent or carer looks after who’s under 16 years of age. 

    Michelle said:

    “Scottish Child Payment is something that helps you and helps your children when you’re in a difficult financial situation. I think there’s sometimes a stigma around applying for it, especially as a single mother, but I highly recommend that those who have yet to apply for it do so.”

    Social Justice Secretary Shirley-Anne Somerville said:  

    “Eradicating child poverty is the Scottish Government’s top priority and a national mission.   

    “Today’s figure show that the Scottish Government is supporting 233,040 individual clients and 326,255 children throughout Scotland, with over 7.5 million paid out in Scottish Child Payment.

    “These payments are actively improving the lives of hundreds of thousands of children in Scotland – helping their families to access essentials and experiences they might otherwise miss out on because they live on a low income.

    “In the coming year it is forecast we’ll invest a further £471 million, ensuring that this support continues to reach even more families and children who need it.”

    We would urge those who are thinking of applying for financial support, to check their eligibility and start their application today.”

    Background

    Social Security Scotland – Scottish Child Payment statistics to 31 March 2025

    Scottish Child Payment is one of the five family payments parents and carers may be eligible for along with Best Start Grant and Best Start Foods.     

    All of the following need to apply:     

    • the person lives in Scotland  
    • the person or their partner are getting certain benefits or payments  
    • the person or their partner are the main person looking after a child who’s under 16 years old  

    A parent or carer can apply whether they are in work or not, if they or their partner are getting one or more of the following benefits:    

    • Universal Credit   
    • Child Tax Credit   
    • Working Tax Credit   
    • income-based Jobseeker’s Allowance (JSA).   

    Social Security Scotland also accept claims if the person alone is named on one of these benefits:   

    • Pension Credit   
    • Income Support   
    • income-related Employment and Support Allowance (ESA)   

     

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Preston Celebrates a Record-Breaking Year of Arts Culture and Community

    Source: City of Preston

    Preston City Council is proud to reflect on a landmark year for the Cultural Services Team, with over 3 million people engaged in city-wide events. In 2024/25, the team delivered wide-ranging social and economic benefits through a vibrant programme of arts, events, and community engagement.

    Preston City Council is proud to reflect on a landmark year for the Cultural Services Team, with over 3 million people engaged in city-wide events. In 2024/25, the team delivered wide-ranging social and economic benefits through a vibrant programme of arts, events, and community engagement.

    Preston City Council’s ongoing commitment to the arts is evident through its support of diverse community-led festivals including Preston Caribbean Carnival, Windrush Festival, Preston City Mela, Preston City Wrestling, Preston Pride, and Preston Jazz and Improvisation Festival, as well as support of many artists and creatives, and community based activities including partnerships with schools, youth groups, and wellbeing organisations such as The Foxton Centre and Blue Flamingo Cafe. In a year marked by connection, creativity, and inclusion, Preston’s cultural sector reached new heights:

    • Over 3 million people engaged in city-wide events
    • 185 artists and creatives engaged
    • 89 local events supported
    • A city centre footfall increase of 1.46 million, compared to 2.5 million in 2023, contributing to £6.04 million in additional visitor spending
    • 236 Harris volunteers contributed 1,549 hours of time
    • 203 community activities hosted across the city

    Councillor Hindle, Cabinet Member for Culture and Arts at Preston City Council, said:

    “Culture is the heartbeat of our city. This year’s successes show what’s possible when creativity is backed by community and commitment. From our nationally recognised festivals to grassroots workshops, Preston has embraced culture in all its forms. These achievements are a testament to the people of Preston: their passion, participation, and pride.”

    Major Highlights Include:

    BBC Radio 2 in the Park

    BBC Radio 2 in the Park in September brought global acts like Sting, Pet Shop Boys and Sugababes to Moor Park, attracting 68,100 attendees and generating over £5 million in visitor spending. The event spotlighted Preston nationally, boosting the local economy and supporting over 2,100 jobs.

    Encounter Festival 

    Encounter Festival explain what Encounter is cemented its status as a flagship event, uniting over 2,000 artists. Visitors described the festival as a ‘welcoming and inclusive space’ that brings communities together through shared experiences.

    The MET

    The MET supported dozens of creatives and became a space of community exchange. The MET has had a significant impact on the Preston community beyond its original objectives, serving as a dynamic space for social and cultural interaction. By bringing diverse events directly to the doorstep of key audience demographics – particularly those in lower socioeconomic backgrounds – has fostered stronger community ties.

    The Guild Lounge

    The Guild Lounge hosted thousands of visitors and the transformation into a 350-seat studio theatre saw 34 production companies supported, and 25 new roles created. Preston City Council remains committed to expanding cultural infrastructure and creating shared community spaces for year-round creative development.

    View the full Cultural Services Report for 2024/25 (PDF, 23 MB).

    MIL OSI United Kingdom

  • MIL-OSI: Elite Capital & Co. Appointed as Exclusive Manager of NextGen Industrial Development Fund in Landmark 10-Year Tenure

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 27, 2025 (GLOBE NEWSWIRE) — Mr. George Matharu, President and CEO of Elite Capital & Co. Limited, announced today that Elite Capital & Co. has been appointed as the exclusive manager of the NextGen Industrial Development Fund® for the next decade, effective 1st May 2025. This strategic transition follows a rigorous evaluation by the Fund’s Board of Trustees, underscoring Elite Capital’s proven expertise in large-scale industrial financing and sustainable development.

    “This partnership marks a pivotal shift in how industrial growth is catalysed across the MENA region and beyond. By merging NextGen’s innovative equity-based model with our global financial acumen, we are redefining risk-sharing and entrepreneurial empowerment. Our ISO triple-certified governance (ISO 9001, 27001, and 37001) ensures transparency, security, and anti-bribery compliance, critical for fostering trust in high-stakes industrial projects,” Mr. George Matharu said.

    A paradigm shift in industrial financing, the NextGen Fund’s unique “equity-not-debt” approach eliminates traditional barriers like collateral requirements and predatory loans, which historically contribute to a 72% failure rate among industrial startups in emerging markets (World Bank, 2023). Under Elite Capital’s stewardship, the Fund will scale its mission to:

    1. Build factories via shared-equity partnerships, covering land, infrastructure, and licensing.
    2. Leverage MENA’s logistical edge, reducing supply chain costs by 30% compared to Asia-Europe routes (McKinsey, 2024).
    3. Fast-track bureaucratic processes, cutting 18-month licensing delays through government alliances (IMF data).

    Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited and Head of the Government Future Financing 2030 Program®, added, “This aligns with our vision of ‘finance without sovereignty burdens.’ Just as the Government Future Financing 2030 Program funds 80% of national projects without sovereign debt, NextGen’s model allows entrepreneurs to thrive without personal guarantees. Our partnership with MENA governments ensures factories are co-owned by local stakeholders, blending public oversight with private innovation.”

    Decade of transformation, Elite Capital’s tenure will focus on:

    – Risk-sharing: Partners retain 100% of early profits; losses are mutual.
    – Cross-border solutions: NextGen’s trusted partner USD/EUR accounts mitigate forex risks for international sales.
    – Sustainability: Factories engineered for ESG compliance, from energy grids to R&D hubs.

    Mr. George Matharu concluded his statement by saying: “To every entrepreneur who has been told “your sector isn’t bankable”, NextGen is proof otherwise. We don’t just fund factories; we build legacies. The industrial revolution of the 21st century begins here.”

    NextGen Industrial Development Fund – Contact Details –

    Suite RA01, 64 Nile Street
    London, N1 7SR
    United Kingdom

    Website: nidfund.org

    Elite Capital & Co. – Contact Details –

    Elite Capital & Co. Limited
    33 St. James Square
    London, SW1Y4JS
    United Kingdom

    Telephone: +44 (0) 203 709 5060
    SWIFT Code: ELCTGB21
    LEI Code: 254900NNN237BBHG7S26

    Website: ec.uk.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/576e981b-b506-4054-9f2d-83c7f6a7da0b

    The MIL Network

  • MIL-OSI United Kingdom: Update on Zimbabwe: Lifting sanctions on 4 individuals and 1 entity

    Source: United Kingdom – Executive Government & Departments

    Government response

    Update on Zimbabwe: Lifting sanctions on 4 individuals and 1 entity

    The UK has delisted sanctions against 4 individuals, and the entity Zimbabwe Defence Industries (ZDI). 

    The UK announces the delisting of sanctions against individuals Owen Ncube, Isaac Moyo, Godwin Matanga, Anselem Sanyatwe, and the entity Zimbabwe Defence Industries (ZDI). 

    The revocations follow a similar move from the European Union in February 2025, when they delisted their last remaining entity (ZDI) whilst renewing their existing Zimbabwe sanctions framework. The US also removed a number of designations in March 2024.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Security: Busted: 14 cocaine traffickers arrested in joint operation in Belgium and Italy

    Source: Europol

    The operation took place in April 2025 and led to:14 arrests (11 in Belgium, 2 in Germany, 1 in Italy)11 house searches in Belgium and ItalyThe seizure of over 780 kg of cocaineThe dismantlement of an underground laboratoryCocaine paste shipped from Colombia to the EUIn the framework of intelligence activities underway with its operational counterparts in the framework of the…

    MIL Security OSI

  • MIL-OSI United Kingdom: Invergowrie Primary School nursery class scores trio of digital learning awards

    Source: Scotland – City of Perth

    he class has received the Digital Learning Through Play Award in Early Learning, Equitable Creative Coding Award and Digital Wellbeing Award, and are the first setting in Perth and Kinross to gain all three awards together.  

    The Digital Learning Through Play Award in Early Learning recognises and celebrates the impressive digital journey that the setting has been on. In the award report for Invergowrie, it was highlighted that digital learning is embedded throughout the setting and is very much co-led with the children. Unplugged learning and digital technology are being used to support quality learning through play, helping to inspire children and families to access the benefits of digital learning.  The use of technology helps instil a sense of community and is part of the nursery culture.   

    The Equitable Creative Coding Award (ECCo), recognises the innovative and inclusive approaches to computational thinking and coding.  Invergowrie Nursery have invested in digital technologies to motivate and inspire, equipping children with essential skills for life and work, and encouraging them to be curious and explore different things.  The award report also noted a clear desire to lead in the embedding of film and screen across early level and support Education Scotland’s commitment to this part of the expressive arts curriculum.   

    The Digital Wellbeing Award highlights that digital wellbeing is integrated into the vision and development work of the setting.  The nursery inspires safe and responsible behaviour and shares helpful advice and support for parents and carers on e-safety.  There is a strong engagement with parents and carers and this work helps parents feel empowered to support their children in safe online practices at home.  

    Linda McGavin, Senior Early Childhood Practitioner at Invergowrie Nursery Class said: “We are delighted to have achieved all three digital awards.  This recognition holds significant importance for our Nursery and reaffirms our ongoing commitment to continuous improvement in digital learning. We aim to empower children to explore, create, and innovate in an increasingly digital world”. 

    “We are grateful for the support of initiatives like the Digital Schools Awards in promoting digital learning in our settings.” 

    Convener of Learning and Families, Councillor John Rebbeck said: “Congratulations to Invergowrie Primary School nursery class for this fantastic achievement. It’s important that our children and young people can use digital technology to improve their learning and prepare them for later life and the working world where computers are for many of us a key element of day-to-day activities. I also welcome the focus on digital wellbeing where the nursery has engaged with parents and families to help them feel confident about online learning and activity at home.” 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: CMA response to the Microgeneration Certification Scheme’s consultation on proposed changes to its requirements for financial protection

    Source: United Kingdom – Executive Government Non-Ministerial Departments

    Correspondence

    CMA response to the Microgeneration Certification Scheme’s consultation on proposed changes to its requirements for financial protection

    The Competition and Markets Authority (CMA) has published its response to the Microgeneration Certification Scheme’s (MCS) consultation on proposed changes to its requirements for financial protection.

    Documents

    Details

    The CMA has responded to the MCS’s consultation on proposed changes to its requirements for financial protection.    

    The CMA’s response was informed by its work looking at consumer protection in the green heating and insulation sector – in particular the good practice principles for standards bodies, together with its findings on the effectiveness of the standards landscape and its update on the standards landscape.

    In summary, the CMA’s response welcomes MCS’s intention to strengthen the financial protections that its certified installers provide to customers.  

    It sets out the CMA’s view that, in principle, a number of the changes proposed by MCS to its minimum requirements for approved financial protection products could help to address gaps in existing protections previously highlighted by the CMA.  

    The CMA response also encourages other standards bodies to continue to review their financial protection mechanisms to ensure they are fit for purpose, and to make any changes needed.

    Updates to this page

    Published 27 May 2025

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    MIL OSI United Kingdom

  • MIL-OSI: LandlordBuyer Reveals the Best UK Cities for Landlords in 2026 – and London Doesn’t Make the List

    Source: GlobeNewswire (MIL-OSI)

    BUCKINGHAMSHIRE, United Kingdom, May 27, 2025 (GLOBE NEWSWIRE) — The UK’s buy-to-let (BTL) property market is undergoing significant transformation. Amid rising interest rates and regulatory changes, some landlords are choosing to exit the sector. However, for astute investors, 2026 could represent a year of strategic opportunity—particularly in regional cities that are primed for rental growth.

    According to a combination of industry data and expert insights, landlords who adapt swiftly to the evolving market landscape may still secure substantial returns—if they know where to focus.

    Key Buy-to-Let Forecasts for 2026:

    • BTL lending is projected to reach £42 billion in 2026, marking an 11% rise on 2025 figures.
    • Average UK house prices are anticipated to grow by 4%, bolstered by increasing market confidence and easing inflation.
    • Rental prices are expected to rise by 3.5% in 2026, contributing to a cumulative 17.6% increase by 2029.
    • BTL purchase lending fell by 7% in 2025, largely due to landlord departures and stricter lending regulations.

    Best Regional Yield Performers:

    • Blaenau Gwent: 11.4% yield
    • Redcar & Cleveland: 9.5% yield
    • Derby and Newcastle: 6–8% yields

    Birmingham: The Emerging Capital of Buy-to-Let?

    One of the most promising cities for landlords in 2026 is Birmingham. The city benefits from major infrastructure and urban regeneration projects, high tenant demand from young professionals and students, and forecasted rental price growth of 3.5%.

    Expert Commentary from Jason Harris-Cohen

    Jason Harris-Cohen, Managing Director of LandlordBuyer, believes 2026 will be a pivotal year for UK landlords.

    “Birmingham’s rental market is poised for continued growth through 2025 and 2026, underpinned by strong demand, limited supply, and ongoing urban development. For landlords and investors, the city presents an opportunity to achieve both attractive rental yields and capital appreciation. As Birmingham continues to evolve, it solidifies its status as a leading destination for property investment in the UK.”

    Regulatory Tightening: Raising the Bar for Market Participation

    2026 will see the phased implementation of several key reforms:

    • Abolition of Section 21 ‘no-fault’ evictions
    • Higher stamp duties on additional property purchases
    • Enhanced energy performance standards
    • More rigorous rental regulations and enforcement mechanisms

    These changes may prompt less-prepared landlords to leave the sector, paving the way for more professionalised property portfolios.

    Despite challenges, 2026 offers a golden window for those investors willing to:

    • Target high-yield regional locations
    • Upgrade portfolios to meet new compliance standards
    • Adapt to shifting tenant demands

    In the new era of UK property investment, adaptability will be essential—not only for success but for survival.

    About LandlordBuyer
    LandlordBuyer are a professional property buyers and landlords. We are flexible, fast-acting investors, and we’ll make an immediate offer for any type of rented property throughout England. LandlordBuyer are members of the National Landlord Association (NRLA), and the Property Ombudsman. We are committed to providing quality homes to our tenants, and providing a simple service for landlords who want to sell property with sitting tenants.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f9eb9b9-af0b-4101-8b80-e925b1b068a2

    The MIL Network

  • MIL-OSI Economics: Steven Maijoor: A race we cannot afford to lose – cybersecurity in an age of geopolitical tensions

    Source: Bank for International Settlements

    On April 22 the Dutch Military Intelligence and Security Service reported that it had detected a Russian cyberattack targeted at a Dutch critical public service. It was the first time a state-sponsored cyberattack was reported in the Netherlands. Which is not the same as saying that it happened for the first time.

    Geopolitical tensions have been rising for more than a decade, but over the past few years they have accelerated. Needless to say this is bad news for the world economy and the financial sector. But perhaps in no area is the geopolitical threat so real and acute as in the digital domain.

    State-sponsored cyberattacks are often very well concealed, so we do not have reliable numbers on how often they occur. But anecdotal information from intelligence agencies suggest their number is increasing.

    Traditionally, the financial sector has been targeted by cyber criminals with financial motives. But with the changing geopolitical climate, nation-state cyberattacks on financial institutions have become a realistic possibility. The aim of nation-state actors is usually not financial gain, but disruption. For them, the financial sector is an attractive target. The sector is crucial to the functioning of the economy. Also, many financial firms depend on the same third-party service providers. If one of these suppliers is attacked, large chunks of the financial sector may experience the knock-on effects. As we showed in our latest Financial Stability overview, a quarter of all reported global cyberattacks – so including energy and telecom – can potentially affect the financial sector through this channel.

    Artificial Intelligence is likely to reinforce the cybersecurity threat. AI makes cyber-attacks more sophisticated. At least some of them, like phishing. Also, the scale, access and speed of cyber-attacks will probably go up.

    Recently, we have seen this very clearly in the context of cyber-crime. For example, by enabling very advanced deepfakes. We had the rather spectacular case of a finance worker in Hong Kong, who was tricked into paying out $ 25 million. The fraudsters used deepfakes to pose as the company’s CFO in a videoconference call. Although nation-state actors use AI, we have not yet observed them using these techniques to create large scale disruptions. But what if nation-state actors fully exploit the potential of AI, and use it to disrupt vital processes on a larger scale?

    When we talk about financial institutions in this context, most people will first of all think of banks. But for you, I think Central Counterparty Clearing Houses and other market infrastructures are perhaps just as important. Many of you depend on them for the trading, clearing and settlement of transactions in foreign exchange, securities, options and derivatives.

    Market infrastructures occupy a unique position in the cyberthreat landscape. They seem to be targeted less, but if, for example, CCPs are attacked successfully, the impact could be very high. This is partly because there are relatively few of them. If party A goes down, it can be difficult for party B to compensate. Their attack surface is also relatively smaller because they offer fewer types of services compared to banks. Also, they have fewer public-facing web applications, and fewer customers than banks. However, the systems they do operate are highly advanced and very important for the functioning of the financial system.

    All of these features make them an attractive target for nation-state actors who want to cause maximum disruption. This does not mean that market infrastructure parties are currently being attacked. But given the geopolitical situation, tomorrow’s reality could be different.

    What makes CCPs potentially more vulnerable than banks is that most of them have outsourced part of their cybersecurity. That is understandable. If you are a large bank, having a few hundred cybersecurity experts is an affordable investment. CCPs do not have the resources for this. To them, outsourcing provides access to expertise and higher standards for cyber and information security. But the drawback of course is that it makes CCPs dependent on external parties, and it makes their cyber defence more complex.

    All this means CCPs need to stay alert. Cyber resilience is at least as important for CCPs as it is for other financials.

    Many financial institutions have taken big steps in recent years to boost their cyber resilience. But given the size, urgency and evolving nature of the threat, we need to do even more to keep financial services safe. It seems more and more that we are involved in a digital arms race. A race with a sophisticated and cunning opponent. A race in which we want to be roadrunner, and not the coyote.

    This is why cyber resilience will absolutely be a key focus area in our supervision of the financial industry in the coming years. Our aim as a supervisor is to make financial services and the financial system safer against cyber threats. Not only by increasing the resilience of the financial sector itself, but also by stepping up the robustness of the entire chain of ICT service providers. DORA, the European Digital Operational Resilience Act, that came into effect at the beginning of this year, gives us additional tools to accomplish this aim.

    To start with, under DORA, threat-led penetration tests are mandatory for the largest financial institutions in Europe. In the Netherlands we have been conducting these kinds of tests voluntarily for over eight years with good results, and we are very pleased that it is now becoming the norm at the European level. The largest CCPs within the EU will be part of the group of financial institutions for which the penetration tests will be mandatory.

    But DORA also imposes stricter requirements for managing cyber risks in outsourcing chains. For example, financial firms face stricter rules for conducting due diligence on potential ICT providers. And very importantly, under DORA, European supervisors can conduct inspections of critical third-party ICT service providers in tandem with national supervisory authorities. We expect big techs like Google and Microsoft to be placed under EU-wide supervision. And, just as with the banks, we are going to test their readiness to detect and withstand cyberattacks.

    Despite all efforts, there is no such thing as perfect cyber security. It is therefore vital that financial institutions take measures to recover quickly after cyber incidents. This is crucial to ensure that services can continue and people don’t lose trust in financial firms or the financial sector as a whole.

    The results of the ECB’s 2024 cyber stress test of a group of banks show that there is room for improvement on the recovery front. So it’s a very good thing that DORA also imposes new requirements on institutions’ continuity plans and backup policies. They need to develop a culture where cyber incidents are quickly detected and reported. They need to have their playbooks in place. And they need to have clearly defined management roles and responsibilities. And this includes good crisis communication, which is absolutely essential. These are all key ingredients for an effective response after a cyberattack.

    But even if we all have our own house in order, that is not enough. Because on a digital level the financial sector is so interconnected, and connected to other vital sectors of the economy as well, that some degree of overall coordination and cooperation is necessary.

    Governments should take the lead to improve cross-sectoral cooperation and coordination. They must continue to conduct large-scale cyber-drills and practice activating crisis plans. The insights gained should be used to enhance resilience.

    Under the new legislation supervisors also have an obligation to cooperate closely with other sectors. DNB is putting this into practice by working with sectors that are most critical to the financial sector, such as energy and telecommunications. Within our mandate, we support these sectors with information, cooperation and ethical hacking experience.

    To keep financial institutions and the financial system safe, resilience against cyberattacks has become just as important as holding sufficient capital and liquidity. So we need to do whatever we can to further boost it. Both in terms of detection and recovery. And we need to work together. Governments, banks, market infrastructures, supervisors, telecom, energy and other vital players in the outsourcing chain. Because this is a race we cannot afford to lose.

    MIL OSI Economics

  • MIL-OSI United Kingdom: London man convicted of possession of two forged SIA licences

    Source: United Kingdom – Executive Government & Departments

    Press release

    London man convicted of possession of two forged SIA licences

    A man found in possession of 2 forged SIA licences has pleaded guilty to fraud and been ordered to pay £2,600 in fines and costs.

    On 14 May 2025, Charles Ibikunle pleaded guilty at Highbury Corner Magistrates’ Court to 2 counts of fraud in relation to a pair of forged SIA licences found in his possession.

    The Metropolitan Police stopped Mr Ibikunle while he was driving a vehicle, at which point they found the 2 licences which were later confirmed to be forged. The Metropolitan Police then referred this case to the SIA.

    The SIA invited Mr Ibikunle to attend an interview about the forged licences, which he declined to attend. This resulted in a court summons.

    In response to his guilty plea, the court ordered Mr Ibikunle to pay a fine of £1,000 for each offence, as well as a victim surcharge of £400 and prosecution costs of £200, totalling £2,600.

    Tara Moutray, SIA Criminal Investigations Manager, said:

    Charles Ibikunle put the public at risk by forging SIA licences. Being responsible for other people’s security is a significant responsibility and requires dedicated training that Mr Ibikunle did not have. I am happy to see that the court imposed a sizeable financial penalty as a result of these offences.

    We’re grateful to our partners in the Metropolitan Police for their support, not just in this case but for the SIA’s work as a whole.

    Background

    By law, security operatives working under contract must hold and display a valid SIA licence. Information about SIA enforcement and penalties can be found on GOV.UK/SIA.

    The offence relating to the Fraud Act 2006 that is mentioned above is: 

    • Section 6 – Possession of articles for use in fraud

    The SIA is the organisation responsible for regulating the private security industry in the UK, reporting to the Home Secretary under the terms of the Private Security Industry Act 2001. The SIA’s main duties are the compulsory licensing of individuals undertaking designated activities and managing the voluntary Approved Contractor Scheme (ACS).

    Media enquiries

    For media enquiries only, please contact:

    SIA press office

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: The training of forensic experts and the production of forensic examinations were discussed at SPbGASU

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Dmitry Ivanov (behind the podium), Andrey Kokin, Oksana Dyakonova and Petr Kozin

    The National (All-Russian) scientific and practical conference “Improving the training of forensic experts and the production of forensic examinations in modern conditions” was held at SPbGASU. Current issues of professional training of forensic experts, modern technical and scientific-methodological support for the production of forensic examinations, as well as issues of legal, informational, financial and organizational support for forensic activities were discussed at a plenary session, two sections and at the podium of young scientists. In total, about 90 specialists and students from different regions of the country spoke.

    Opening the plenary session, Dmitry Ivanov, Chairman of the Organizing and Scientific Committees of the conference, Dean of the Faculty of Forensic Expertise and Law in Construction and Transport at SPbGASU, noted that the scientific community and the industry need to gather at one site, exchange experiences, discuss current problems and consider their possible solutions. He read out an address from the Rector of SPbGASU Evgeny Rybnov, who emphasized the importance of the presence at the conference of representatives of both the professional community, leading scientists, and students, whose ideas and initiatives will contribute to expanding the potential of the conference and successfully solving its tasks. “The conference is intended to become an effective platform for constructive dialogue on issues, including improving the quality of education,” the address said.

    So that there is no subjective opinion

    In his speech, Professor of the Department of Weapons Science and Trace Science of the Educational and Scientific Complex of Forensic Examinations of the Moscow University of the Ministry of Internal Affairs of Russia named after V. Ya. Kikot, Chief State Forensic Expert of the Department of Trace and Ballistic Examinations of the Federal State Budgetary Institution “Russian Federal State Center of Forensic Examinations named after Professor A. R. Shlyakhov under the Ministry of Justice of Russia” Andrey Kokin emphasized the factors of subjectivity in forensic examination.

    “Prejudice, that is, a biased or negative attitude, personal opinion or assessment based on stereotypes rather than specific experience or knowledge, has its own reasons in forensic examination. Among them are providing the expert with case materials that are not necessary, violation of the sequence of methodological actions, subordination of forensic units to law enforcement agencies. At the same time, there are ways to minimize the influence of subjectivity on forensic examination. The first is to increase the transparency of all stages of a detailed study, without ignoring points that seem insignificant at first glance. The second involves analyzing the expert’s conclusion by specialists with experience in a specific examination. This analysis must comply with certain principles: the specialist must record the entire course of the study and document his comments in one form or another, for example, in diagrams, graphs, displaying the most important and critical points on the basis of which conclusions can be drawn. In general, the conclusion must be understandable to all participants in the proceedings,” explained Andrey Kokin.

    Professor of the Department of Legal Regulation of Urban Development and Transport at SPbGASU Ivan Ivanov recalled that, according to statistics, 334 people were convicted of false expert opinions under various articles in 2023, and 317 in 2024.

    “Forensic and investigative practice with enviable consistency identifies and examines cases of false expert opinions, prepared intentionally. The scientific community believes that the responsibility of experts for knowingly false opinions is clearly insufficient and needs to be improved. Foreign criminal legislation is much stricter. For example, in France, for a knowingly false expert opinion, they sentence to five years in prison with a fine of 500 thousand euros. We propose introducing into the legislation a punishment in the form of a ban on holding a position and engaging in expert activity for up to three years. I think that in this case, all current legislative measures will be strengthened,” concluded Ivan Ivanov.

    How to improve the quality of education

    Oksana Dyakonova, professor of the forensic examination department at the Moscow State Law University named after O. E. Kutafin, voiced proposals for improving the quality of education in the specialty “Forensic examination”.

    “Firstly, it is necessary to increase the number of hours for fundamental disciplines – forensic science and forensic expertology, while introducing a reasonable combination of lectures and practical classes in different forms: laboratory work, field practical classes at forensic organizations. Secondly, it is necessary to exclude from the educational program disciplines that are not aimed at developing the much-needed competence of a future forensic expert, but are generalized and duplicate the main legal disciplines in content. Thirdly, it is necessary to increase students’ interest in participating in research projects, including under the joint supervision of a university teacher and a practicing expert,” Oksana Dyakonova believes.

    She also proposed to expand the training of forensic experts in master’s programs and programs of additional professional education in certain types and kinds of forensic examinations for persons with basic legal education. The expert doubted that graduates of a bachelor’s degree with a specialized education far removed from expertise would be able to become highly professional experts after completing a master’s degree.

    Professor, senior expert of RMS-OTSENKA LLC Petr Kozin refuted this opinion with his own example: by basic education he is a civil engineer, and he underwent retraining in expert activity. His colleague is a graduate of LISI (now SPbGASU), also an engineer Dmitry Kuznetsov. Based on extensive experience in conducting forensic examinations, the company’s representatives developed a draft of methodological recommendations for forensic cost (appraisal) examination.

    “In our methodology, we defined the type and kind of cost and appraisal expertise, which has not yet been done at the legislative level. Accordingly, there are no methodological recommendations, although in practice, disputes about cost arise most often. However, if conducting a forensic examination is prescribed by law, then conducting an appraisal study is not. Due to the absence of any legal acts, during the research we rely on information from various reference books. In addition, for this reason, we cannot examine a number of objects. Our methodology streamlines this process and assumes a broader approach that the appraiser uses. At the same time, it does not contradict the current legislation,” explained Petr Kozin.

    He proposed a number of recommendations included in the methodology. Thus, in the case of a lack of information for a comparative approach, analogs of relations or properties should be used, including from the practice of past years.

    Neural networks and drones

    In addition to knowledge of forensic expertise itself, a modern specialist needs knowledge in the field of digital technologies, noted Oksana Dyakonova. She recalled that already now in many examinations objects are presented in digital form.

    Professor of the Department of Forensic Science at SPbGASU Valery Kharchenko spoke about the department’s scientific research, which helps to teach students advanced digital competencies, and also allows the use of high-tech research methods in engineering and technical forensic science. Based on experience, the professor explained that, for example, the use of neural networks speeds up the research period, increases their accuracy and accessibility so much that they can be carried out using a regular phone. Professor of the Department of Forensic Technology of the Educational and Scientific Complex of Forensic Science and Research at the Volgograd Academy of the Ministry of Internal Affairs of Russia Olga Dronova told how an unmanned technical vehicle became a tool for technical and forensic support and an object of expert research. The efficiency is similar: accuracy, accessibility, speed.

    Legal Gaps

    Irina Vishnevskaya, Director of the State Autonomous Healthcare Institution “Republican Bureau of Forensic Medical Examination of the Ministry of Health of the Republic of Tatarstan”, touched upon the problems of legal regulation of forensic medical activities and ways to solve them in Tatarstan.

    Vadim Epshteyn, Director of Development of the ChEU “City Institution of Forensic Expertise” (St. Petersburg), explained current issues of collecting funds for forensic examinations conducted in civil proceedings.

    “Today, one of the significant problems has become the colossal debts for completed examinations in civil proceedings. For many years, legislative norms were simply ignored, and the problem acquired unimaginable proportions: by the end of 2023, the debt for such examinations to the expert system of the Ministry of Justice reached about 750 million rubles. Obviously, the debt to experts of the non-governmental sector, taking into account their number, is even greater. In 2023, the Constitutional Court identified the existing problem and ordered the legislative authorities to develop recommendations for their elimination. In 2024, amendments were made to the Civil Procedure Code, where a number of norms that contributed to the emergence of these debts were eliminated. For example, now the code clearly states: payment for the examination is made based on the results of the meeting at which the examination was considered,” said Vadim Epshtein.

    Despite all the positive expectations, the problem is getting worse, the expert added. And it is due to the specifics of the work of the courts and the judicial department: in many cases, the parties who are responsible for paying for the examination initially deposit a minimum amount into the account. When it will be possible to receive the remaining amount is a question, since the courts take into account the very fact of depositing funds. There are only a few courts that are engaged in further adjustment of amounts, since the legislation does not oblige them to do so, and therefore the remaining payment is delayed for a long time.

    Tribune of young scientists

    The “Young Scientists’ Tribune” section attracted the largest number of speakers. The fifth-year student of SPbGASU Yulia Sedykh was interested in the conference due to the large amount of information on modern technologies of engineering and technical expertise, and current problems of the industry. The topic of her speech concerned the logical foundations of expert research from the point of view of algorithmization.

    “My work is dedicated to the creation and implementation of algorithms that work with the help of modern technologies, such as CAD – construction design systems, unmanned aerial vehicles with built-in machine vision, neural networks, into traditional methods of expert examination. I offer mechanisms and specific software products for writing modern methods of certain types of forensic examinations,” Yulia explained.

    Third-year student of SPbGASU Anastasia Savintseva in her research examined complex ethical issues – the lack of specificity regarding the essence of expert ethics and its proper consolidation. “I propose to solve this problem by expanding the list of principles presented in Federal Law No. 73, adding such as responsibility, integrity, organization, incorruptibility. Another option is to form such a general principle as the ethics of the activities of a forensic expert. It would allow us to unite all the moral principles that forensic experts should be guided by,” Anastasia said.

    Anastasia noted that the conference allowed her to broaden her horizons both in expertology and in related disciplines, to understand that each study is unique, and to pay attention to some aspects of expert activity that she had not thought about before.

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

    MIL OSI Russia News

  • MIL-OSI: Results Announcement

    Source: GlobeNewswire (MIL-OSI)

    27 May 2025. The Republic of Iceland (the “Offeror“) announces today the results of its invitation to holders of its €500,000,000 0.625 per cent. Notes due 3 June 2026 (ISIN: XS2182399274) (of which €500,000,000 in aggregate nominal amount is outstanding as at the date hereof) (the “Notes“) to tender their Notes for purchase by the Offeror for cash (such invitation, the “Offer“).

    The Offer was announced on 19 May 2025 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 19 May 2025 (the “Tender Offer Memorandum“) prepared by the Offeror in connection with the Offer. Capitalised terms used in this announcement but not defined have the meaning given to them in the Tender Offer Memorandum.

    The Expiration Deadline for the Offer was 5.00 p.m. (CEST) on 23 May 2025.

    The Offeror announces today that it has decided to accept all Notes validly tendered pursuant to the Offer and, accordingly, it will accept for purchase €203,709,000 in aggregate nominal amount of the Notes pursuant to the Offer.

    A summary of the final results of the Offer appears below:

    Description of the Notes ISIN /
    Common Code
    Aggregate nominal amount of Notes validly tendered and accepted for purchase 1 Year Euro Mid-Swap Rate Fixed Spread Amount Purchase Price
    €500,000,000 0.625 per cent. Notes due 3 June 2026 XS2182399274/ 218239927 €203,709,000 1.967 per cent. -15 basis points 98.810 per cent.

    The Purchase Price the Offeror will pay for those Notes accepted for purchase pursuant to the Offer is 98.810 per cent. of their nominal amount. The Offeror will also pay an Accrued Interest Payment in respect of such Notes.

    The Tender Offer Settlement Date is expected to be 28 May 2025. Following settlement of the Offer, €296,291,000 in aggregate nominal amount of the Notes will remain outstanding.

    THE DEALER MANAGERS

    Barclays Bank Ireland PLC
    One Molesworth Street
    Dublin 2
    D02 RF29
    Ireland

    Attention: Liability Management Group
    Email: eu.lm@barclays.com

    Citigroup Global Markets Europe AG
    Börsenplatz 9
    60313 Frankfurt am Main
    Germany

    Attention: Liability Management Group
    Telephone: +44 20 7986 8969
    Email: liabilitymanagement.europe@citi.com

    J.P. Morgan SE
    Taunustor 1 (TaunusTurm)
    60310 Frankfurt am Main
    Germany

    Telephone: +44 20 7134 2468
    Attention: EMEA Liability Management Group
    Email: liability_management_emea@jpmorgan.com

    DISCLAIMER

    This announcement must be read in conjunction with the Tender Offer Memorandum.  No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Carer who sexually abused disabled child has sentence increased

    Source: United Kingdom – Executive Government & Departments

    Press release

    Carer who sexually abused disabled child has sentence increased

    A carer who sexually abused a disabled child in his care has had his sentence more than doubled increased following an intervention by Solicitor General.

    Jamil Talukder, 23, from Sheffield, has had his sentence increased by five years after it was referred to the Court of Appeal under the Unduly Lenient Sentence scheme. 

    The court heard that Talukder arrived in the UK from Bangladesh in October 2022 to study for a marketing degree.   

    He was employed as a carer and began caring for a severely disabled child in October 2023. However, covert recording by the child’s mum, who became suspicious, revealed that Talukder sexually abused the child on several occasions.     

    Victim personal statements reveal that the child distrusts male carers since his assault by Talukder.  

    The court also heard that Talukder sexually abused another child and was caught out when it was discovered that he had recorded the abuse on his phone.    

    Solicitor General Lucy Rigby KC MP said:  

    Jamil Talukder preyed on a vulnerable child he was meant to be taking care of, as well as another young child.

    He abused the trust that was placed in him for his own sexual gratification, and I welcome the Court’s increase to his sentence.  I would like to extend my sympathies to his victims and their families.

    On 27 February 2025, Jamil Talukder was sentenced to three years’ imprisonment at Sheffield Crown Court for six sexual abuse offences.  

    On 22 May 2025, his sentence was revised to eight years after it was referred to the Court of Appeal under the Unduly Lenient Sentence scheme.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Trading Standards close two shops after persistent illegal seizures

    Source: City of Stoke-on-Trent

    Published: Tuesday, 27th May 2025

    Two premises with a long history of selling illegal tobacco, cigarettes and vapes have been issued with closure notices by Trading Standards.

    Abbey Hulton Supermarket on Leek Road and Easy Shop on Weston Road in Meir both have history of supplying illegal products and have been subject to enforcement action multiple times.

    Since 2021, Abbey Hulton Supermarket has had 17 test purchases of illegal cigarettes and vapes and five seizures, totalling £28,164 in retail value.

    Easy Shop has had 42 interventions by Trading Standards since 2019 and in 2025 alone, illegal products worth £11,309 have been seized.

    This work forms part of Operation Cece – a national operation with HMRC and National Trading Standards to tackle illegal tobacco.

    Councillor Amjid Wazir OBE, cabinet member for city pride, enforcement and sustainability at Stoke-on-Trent City Council, said: “We will not tolerate the sale of illegal tobacco and vapes, and I welcome these closures of two persistent offenders.

    “Our Trading Standards teams work hard to remove illegal tobacco and vapes off the streets to keep everybody safe and make sure legal businesses are not being undermined.

    “This work is part of the council’s commitment to creating a cleaner, greener and safer city for all and you will face serious consequences if you choose to sell illegal products.”

    Anyone with concerns about illegal tobacco, vapes and underage sales can contact Trading Standards on the hotline at 01782 238884 or visit www.stoke.gov.uk/tradingstandards

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: St. Leonard’s Place repair work starts Tuesday 27 May

    Source: City of York

    Published Friday, 23 May 2025

    City of York Council has shared travel advice ahead of the urgent repair works on St Leonard’s Place which start next week

    Having completed an inspection on Thursday, and having undertaken essential safety work, the council removed the temporary lights in place. This is so that over the busy bank holiday weekend, when we also have the Queen Street closure at the railway station, two-way traffic can flow on St Leonard’s Place until we begin repair work next week.

    Work to make these urgent repairs will start after rush hour on the morning of Tuesday 27 May. From 9.30am on Tuesday 27 May we will start repairing the underground damage and road surface, which will require a lane closure. These works may take around two weeks, but we will share updates.

    These emergency repairs will mean St Leonard’s place will be closed to inbound traffic from Bootham Bar with diversions in place. Outbound traffic from Museum Street to Bootham/Gillygate will be able to use St Leonard’s place.

    Pedestrian access along St Leonard’s Place in both directions is still open. Inbound cyclists traveling from Bootham or Gillygate, will need to follow the diversion under Bootham Bar. Those travelling towards Bootham from Museum Street will be able to use St Leonard’s Place.

    For drivers coming into the city centre travelling down Bootham there will be diversions in place. We have added travel information, including information about bus diversions to our website which can be found at www.york.gov.uk/StLeonardsPlace

    York, the Theatre Royal and its neighbouring businesses are open for business.

    Cllr Kate Ravilious, Executive Member for Transport said:

    We thank everyone for their patience while we carry out these urgent repairs. Our team will be carrying out repair work between the hours of 8am and 5pm on most days and no work is planned to take place later than 8pm.

    “While we are doing all we can to minimise disruption during these emergency works, we’re expecting the inner ring road to be very busy so we’re asking people to plan ahead and consider other ways to travel to the city centre. That includes getting the bus, walking or cycling. While some buses are being diverted they will continue to serve communities across the city and information is available at www.york.gov.uk/StLeonardsPlace. York is very much open for business throughout these works and we hope the travel information on our website will help those get around the city this half-term.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Support for those in need in Nairnshire 

    Source: Scotland – Highland Council

    Efforts to devote funds to those most in need have been supported by Highland Council’s Nairnshire Area Committee.

    Yesterday (Monday 26 May) the committee agreed to funding of £2,000 from the Nairn and Auldearn Poor Fund to the Nairn and Nairnshire’s ‘People’s Pot’.

    The Nairnshire Area Committee has power to allocate these funds.

    Chair of the Nairnshire area committee, Cllr Michael Green, said: “These funds might seem like a relatively small amount of money, but sometimes that can make a big difference to someone who might be struggling at a specific time in their lives, or who may be in danger of falling into a circle of debt.

    “The Citizens’ Advice Bureau has proven to be well placed to help and identify individuals and families in need. We saw at Christmas the funds were able to ease pressures on several local families.”

    The Nairn and Auldearn Poor Fund is to be used as a form of Hardship Fund to serve the people of Nairn and Nairnshire. Following a successful trial which was approved in November 2004, the committee agreed that the Nairn Citizens Advice Bureau should administer the funds as part of the ‘Peoples Pot’, which the CAB have responsibility for.

    From November 2024 until January 2025 it supported 41 people in Nairn and Nairnshire – among them vulnerable families recognised as requiring support in the run up to Christmas.

    The total amount in the Nairn Poor Fund that is available to be allocated is £9,031.84.

    This fund is one of many administered by the Council which have been bequeathed for public benefit across the Highlands.

    The Council has determined that those funds, which are targeted to benefit specific areas, can be administered by the relevant area committee.

    At Monday’s meeting members also agreed to allocate £12,000 from the Nairn Common Good Fund to support the Nairn Highland Games.

    The Nairn Highland Games is one of the largest and most popular amateur gatherings in the North of Scotland. First held in 1865, the Games have been an annual feature on Nairn’s summer calendar for over 150 years, with interruptions only during the World Wars and the pandemic in 2021/22.

    Members were also updated on the works undertaken relating to the Nairn Common Good Fund over the last 12 months, and agreed an extension to the post of Nairn Common Good Officer for a further two-year period.

    MIL OSI United Kingdom

  • MIL-OSI Europe: France: Treefrog Therapeutics secures €30 million from EIB marking a significant milestone in the company’s journey to accelerate the field of cell therapy

    Source: European Investment Bank

    EIB

    • €30 million financing with mix of dilutive and venture debt financing
    • Funds to advance Parkinson’s disease cell therapy program to the clinic and further develop their internal pipeline of cell therapies
    • Deal benefits from guarantee under European Commission’s Invest EU program

    TreeFrog Therapeutics, a French biotech specializing in cell therapy has secured a €30 million financing from the European Investment Bank (EIB). The financing will support the advancement of their lead cell therapy program in Parkinson’s Disease to the clinic. Funds will also be used to reinforce their internal pipeline in other disease areas with large unmet needs.

    Regenerative medicine holds immense potential to revolutionize healthcare to treat or cure some of the world’s unmet needs in diseases of the major organs, such as the heart, lungs, pancreas and brain. Parkinson’s disease is the second most common neurodegenerative disorder and the fastest growing with more than 10 million people worldwide suffering from the disease. Prevalence doubled in the last 25 years and is expected to double again before 2050. Current solutions treat symptoms only. The cell therapy in development at TreeFrog has the potential to be a best-in-class treatment due to its unique 3D format microtissues, developed from induced pluripotent cells (iPSC). The program is on track to be ready for a first-in-human trial in 2027. 

    The €30 million financing will be available in 3 tranches of €10 million each, with TreeFrog benefiting from a new vehicle from the EIB, mixing dilutive financing, hence no principal repayment required for the initial two tranches and venture debt for the last tranche. The initial €10 million will be withdrawn during the second quarter of 2025. EIB’s investment aligns with the InvestEU objective of fostering research, development and innovation.

    Ambroise Fayolle, vice-president of the EIB, said: “Regenerative medicine is a field that has growing importance as life expectancy rises and some diseases are still untreated. This EIB is keen to support young, dynamic European and French companies that focus on research, development and product innovation. Support from InvestEU is testimony of a wider European interest in TreeFrog’s business model and new solutions for the health sector”.

    Jaime Arango, Chief Finance Officer, TreeFrog Therapeutics, said: “We are delighted to receive this support from EIB which bolsters our cash visibility trajectory and enables us to bring our Parkinson’s cell therapy to the clinic, while also reinforcing our internal pipeline of cell therapies in other disease areas.”

    TreeFrog’s success in attracting investment and partners to date is based on their proprietary technology platform, C-Stem . This platform addresses some of the major challenges by producing high quality cells, efficiently, at commercial scale. C-Stem combines microfluidics and stem cell biology to mimic the natural environment for cells. The cells are encapsulated in alginate capsules seeded with iPSCs. These capsules protect the cells, allowing them to do what they do naturally – self-organise and grow. The protected cells are nurtured and nourished, expand exponentially and can be turned into any type of cell in large-scale bioreactors without damage and stress. This results in 3D microtissues that have unique benefits in terms of quality and functionality and integrate well after transplant.

    Background information

    About EIB

    The European Investment Bank (EIB), whose shareholders are the Member States of the European Union (EU), is the EU’s long-term financing institution. Across eight major priorities, we support investments in climate action and the environment, digital transition and technological innovation, security and defense, cohesion, agriculture and the bioeconomy, social infrastructure, capital markets union, and a stronger Europe in a more peaceful and prosperous world. In 2024, the EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing in support of more than 900 projects in Europe and worldwide. In France, the EIB Group signed over a hundred operations in 2024 for a total amount of €12.6 billion. Nearly 60% of the EIB Group’s annual financing supports projects contributing to climate change mitigation and adaptation, as well as the creation of a healthier environment.

    About TreeFrog Therapeutics

    TreeFrog Therapeutics is a French-based regenerative medicine biotech set to unlock access to cell therapies for millions of patients. TreeFrog is unique in its approach to cell therapy development, bringing together biophysicists, cell biologists and bioproduction engineers to address the challenges of the industry – producing and differentiating cells of quality at unprecedented scale, cost-effectively. To succeed in their mission of Cell Therapy for all, TreeFrog operates a business model that includes its own therapeutic programs and partnerships with leading biotech and industry players. Since 2021, the company has raised $82 million to advance a pipeline of stem cell-based therapies in regenerative medicine.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Local content in the Clean Industrial Deal – E-002005/2025

    Source: European Parliament

    Question for written answer  E-002005/2025
    to the Commission
    Rule 144
    Oihane Agirregoitia Martínez (Renew)

    The European renewable energy industry is facing a structural crisis. While global manufacturing of clean tech components has grown rapidly, European manufacturers are steadily losing market share and competitiveness. Lower-cost imports from Asia and market barriers in the United States are accelerating the decline. Recent months have seen closures and lay-offs across the wind, solar and storage sectors, affecting at least France, Germany, Italy, Denmark, Austria, Spain and Sweden. Meanwhile, non-EU products – mainly from Asia – are increasingly dominating the European market.

    The industry welcomes the Clean Industrial Deal’s inclusion of local manufacturing as a strategic pillar. However, to be effective, measures must be sufficiently broad and impactful. Countries such as the United States, India and Brazil already apply 50-60 % local content requirements across much of the value chain.

    Therefore:

    • 1.What measures will ensure that EU content requirements are broad and effective across the full renewable energy supply chain?
    • 2.Will the Commission consider drawing on current international models, such as those implemented in the United States, India or Brazil?
    • 3.How will local content be defined and monitored to ensure the manufacturing of high-value components in the EU, guaranteeing a true ‘Made in Europe’ approach – not merely ‘Assembled in Europe’?

    Submitted: 20.5.2025

    Last updated: 27 May 2025

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Increasing automated detection capabilities at the UK border 

    Source: United Kingdom – Executive Government & Departments

    Case study

    Increasing automated detection capabilities at the UK border 

    Border Force wants to expand its use of artificial intelligence in the searching and screening of freight at UK seaports by automating anomaly detection.

    As cross-border traffic continues to grow, Border Force aims to expand its use of artificial intelligence (AI) to enhance the searching and screening of freight at UK seaports. To balance security with the smooth movement of legitimate goods, the agency is seeking to automate the detection of anomalies in x-ray images, as manual analysis is both time-consuming and prone to error.  

    AI-driven automation will not only speed up screening times but also increase the volume of goods processed. Additionally, it will free up officers to focus on critical tasks, reduce false alarms and minimise unnecessary secondary inspections. 

    To achieve this, Border Force turned to the Accelerated Capability Environment (ACE) for support in organising and analysing its extensive x-ray image database, which had previously been stored inconsistently across multiple data structures. ACE was initially tasked with creating a fully indexed and standardised repository of x-ray images and associated data—making it easily accessible to analysts and suitable for AI algorithm development. 

    Six ACE suppliers—Faculty, Leonardo, Polygeist, Roke, Symetrica and Zaizi—collaborated to explore innovative AI and machine-learning methodologies for anomaly detection. Using the newly indexed data, they developed three use cases: vector integrity, pattern recognition and high-density material detection.  

    The insights gained were presented to Border Force at a demonstration day, where all three approaches showed strong operational potential for further development.  

    The success of the initiative prompted Border Force UK Deputy Director, Chino Nwachukwu, to share a glowing endorsement on LinkedIn, praising the “quality and professionalism” of the team. Reflecting on the project’s impact, he stated

    “I’m still buzzing from the high on which I ended last week, having spent the last few months working with some of the best brains in Britain to explore the potential of Artificial Intelligence and Machine Learning techniques in Border Security.” 

    There is now a need to take these solutions forward for trials in a controlled operational environment. In order to plan for this, a recently completed commission assessed the capability requirements and the feasibility of integrating these solutions into Border Force systems. This commission analysed Border Force’s data, systems and applications, consolidating the data into a unified, structured format. Trials were conducted with Border Force staff across multiple ports to evaluate the AI anomaly detection system.  

    The success of these commissions has led to a request for further development, forming the foundation of a business case for wider AI implementation across Border Force operations.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Working lean and fast: the Coefficient ACE supplier story  

    Source: United Kingdom – Executive Government & Departments

    Case study

    Working lean and fast: the Coefficient ACE supplier story  

    Consultancy Coefficient wants to elevate the global standard of data science, machine learning and AI.

    Coefficient is an AI and data consultancy that brings the fast-paced energy of start-ups into ACE. As CEO John Sandall puts it, by staying “incredibly lean and incredibly fast”, Coefficient aims to elevate the global standard of data science, machine learning and artificial intelligence (AI), one project at a time. 

    This culture is maintained by a “small but mighty” team of data scientists, software engineers, statisticians and machine-learning specialists, who are passionate about open-source technologies and agile delivery.  They make data work as hard as possible, exploring opportunities for machine learning or AI that can improve processes or enable deeper insights.

    However, Coefficient never just applies technology for the sake of it—they start by asking the right questions to get to the root of the problem. From there, research-grade statistical methods are combined with a practical, problem-solving approach. The outcome is that organisations can distil complex patterns from their people, products and performance into actionable intelligence.   

    “We take what works in one industry and apply it somewhere else—for instance, Coefficient used techniques for hedge fund market prediction models to help forecast election outcomes,” says Sandall. For over a decade, Coefficient has applied these learnings to create innovative solutions across private, public and educational sectors. They also run more than 200 workshops a year, helping major banks and organisations learn more about Python, data science and AI.  

    Coefficient joined ACE in early 2021 and has since worked on 12 independent projects, growing to a team to 10 people. “Day-to-day life is pretty exciting because we get to change the lives of possibly millions of people across the UK and that drives a high level of motivation within my team,” says Sandall.  

    Two notable projects illustrate Coefficient’s achievements within ACE. For one law enforcement commission, the team completed a discovery phase and developed a machine-learning model that mimicked the results obtained by existing manual methods in just 12 weeks. The tool was then tested in real-world conditions as well as presented to government ministers. 

    For a different law enforcement project, Coefficient evaluated a number of commercial redaction tools that use AI to replace faces, text and audio in sensitive media. The team assessed whether each tool met the specific needs of policing while adhering to strict legal and ethical standards. As part of this research, Coefficient also demonstrated cutting-edge techniques and built rapid proof-of-concepts for sanitising media. This helped stakeholders understand current state-of-the-art technologies to make informed investment decisions and see how current redaction processes could be made more efficient. 

    Sandall said: “Alongside impact, ACE encourages a modern way of working by building fast and then iterating. ACE’s matchmaking has had Coefficient working alongside other SMEs that we would never meet otherwise, with the complementary skills necessary to tackle each problem.  

    “We’ve met partners through ACE leading to wider opportunities, such as with Bays for a £100k Innovate UK grant to guide the Department for Science, Innovation and Technology on AI ethics. The killer thing about ACE is it’s not just a tendering framework; it’s a community of suppliers where collaboration is supported and encouraged.”

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UK announces new action to detect hostile state activity using AI, on visit to the Arctic

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces new action to detect hostile state activity using AI, on visit to the Arctic

    The UK is stepping up its efforts to safeguard national security by leveraging AI to detect hostile state activity in the Arctic.

    • UK working with allies to tackle growing threats in the Arctic, and drive forward an ambitious new UK-Norway defence agreement
    • New scheme to improve monitoring capability in High North to detect hostile activity, enshrining the UK’s security – the foundation of the Plan for Change
    • UK sanctions have halted Putin’s plans to station a floating repair dock in the Arctic to service the precious icebreakers fleet.

    The UK is stepping up its efforts to safeguard national security by leveraging AI to detect hostile state activity in the Arctic, the Foreign Secretary will announce during a visit to the Arctic today (27 May 2025).

    As the UK’s two nearest Arctic neighbours and close NATO allies, what happens around Norway and Iceland affects Britain, especially our national security, the foundation of this government’s Plan for Change.

    Foreign Secretary David Lammy will see first-hand how British and Norwegian ships jointly patrol the high seas of the Arctic to detect, deter and manage increasingly sophisticated subsea threats to energy, critical national infrastructure, and security posed by Russia’s Northern Fleet.

    This comes after the Prime Minister visited Norway earlier this month for a meeting of the Joint Expeditionary Force, where he discussed further support for Ukraine with allies from the Baltic and Scandinavian states.

    While in Iceland, the Foreign Secretary will announce a new UK-Iceland scheme to use cutting edge AI technology to monitor hostile activity in the region.

    As global temperatures rise and ice caps continue to melt, previously inaccessible shipping routes are opening up. This is leading to the Arctic becoming an increasingly contested area, with countries looking to exploit new reserves of gas, oil and natural minerals, fuelling security concerns. 

    Areas close to the Arctic are also being used by Russia’s nuclear-powered icebreakers which are crucial to Putin’s High North ambitions, clearing paths for tankers helping fund his illegal war in Ukraine. This threatens maritime security and the environment, as Putin has resorted to using dodgy and decaying vessels which frequently break down increasing the risk of oil spills.

    UK sanctions have helped halt Putin’s plans to station a floating repair dock in the Arctic to service the precious icebreakers fleet.

    A tug boat – the Vengery – had been due to tow the platform, but its journey to the High North has now been halted after being sanctioned last week.

    Foreign Secretary, David Lammy, said:

    The Arctic is becoming an increasingly important frontier for geopolitical competition and trade, and a key flank for European and UK security. 

    We cannot bolster the UK’s defence and deliver the Plan for Change without greater security in the Arctic. This is a region where Russia’s shadowfleet operates, threatening critical infrastructure like undersea cables to the UK and Europe, and helping fund Russia’s aggressive activity.

    It’s more important than ever that we work with our allies in the High North, like Norway and Iceland, to enhance our ability to patrol and protect these waters. That’s why we have today announced new UK funding to work more closely with Iceland, using AI to bolster our ability to monitor and detect hostile state activity in the Arctic.

    Norway has hosted British troops’ Arctic training for more than fifty years. Our long history of defence collaboration is being taken further through a strategic agreement to strengthen both nations’ security.

    David Lammy will be the first Foreign Secretary to travel to one of the Arctic’s northernmost inhabited points when he visits the Archipelago of Svalbard witnessing how UK scientists are collaborating with Norway and partners to tackle climate change which is driving new geo-political challenges and opening new frontiers for state competition.

    Today, this work is being taken further, with new opportunities for early-career researchers on polar research vessels and at Ny Ålesund, where British scientists have been based for over 30 years. £400,000 of UK funding will support work to understand the impact of climate change and how it affects the UK – ensuring we have resilience against its effects. This follows 21 joint research projects made between the UK and Iceland during the past 18 months to strengthen our understanding of the arctic’s future.

    During the visit, the Foreign Secretary will highlight the UK’s role in securing NATO’s northern flank and protecting the region’s critical undersea infrastructure such as cables and pipelines which are crucial for stable energy supplies and telecommunications in the UK.

    Earlier this year the Prime Minister announced the biggest sustained increase in defence spending since the Cold War as a result of the changing global picture, now reaching 2.5% of GDP by April 2027, and with an ambition to reach 3% in the next Parliament subject to economic and fiscal conditions.

    Maritime security and the Arctic also feature in the UK’s ambitious new Security and Defence Partnership with the EU agreed last week, committing to work together to make Europe safer.

    In Iceland, the Foreign Secretary will visit Keflavik Air Base, where RAF jets have supported NATO air policing missions, ensuring the safety and security of Arctic airspace. He will learn how Icelandic scientists are working with their British counterparts to address climate change in vulnerable countries around the world.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: First stage Central Library improvements completed paving way for Adult Education works

    Source: City of Wolverhampton

    The 1970s extension to the rear of the library has been internally remodelled, providing 2 new first floor offices, along with WCs, a kitchenette and ground floor space for booking deliveries, sorting and collections.

    This paves the way for further works to be undertaken by contractor Speller Metcalfe, with Adult Education Wolverhampton’s Alan Garner Building on Old Hall Street set to undergo internal remodelling and refurbishment, plus the construction of a 2 storey glazed link building to connect it directly to Central Library’s 1930s extension.

    Ongoing works on the restoration of the building façade and roof of the Grade II* listed library started in November, with a new rear entrance lobby and landscaping also in the pipeline.

    The overall redevelopment will create a modernised, reconfigured and accessible, digitally enabled Central Library for the public and an expanded centralised Adult Education provision that meets post-16 learner and employer demands.

    The improved Central Library and Adult Education Wolverhampton facilities will sit alongside a new state of the art education facility for City of Wolverhampton College currently being constructed by McLaughlin & Harvey on the site of the college’s former Metro One campus and land on the corner of Garrick Street and Bilston Street, where the Faces nightclub building once stood.

    Central Library and Adult Education Wolverhampton are continuing to operate throughout the works, which are expected to be completed during the winter.

    The council’s Cabinet Member for City Development, Jobs and Skills, Councillor Chris Burden, said: “The improvement works to Central Library and our Adult Education facilities are integral to our City Learning Quarter vision alongside the new college campus being developed.

    “Together they will provide state of the art facilities in the city centre and improve life chances for people of all ages through learning, apprenticeship and employment offers.

    “The restoration and development of the Grade II* listed library and Adult Education building will enhance the offer for current users of these services and attract new users, providing an inspirational learning environment that is easy to reach by bus, rail, tram and bicycle.”

    Ninder Johal, Chair of Wolverhampton’s City Investment Board, said: “Excellent progress is being made in delivering Wolverhampton City Learning Quarter.

    “This regeneration will ensure the city’s Central Library and Adult Education facilities are the best they can be to support the delivery of an outstanding education and skills offer and enhanced public facilities.”

    The exciting City Learning Quarter proposals were initially supported by investment from the council with a further £49 million coming through UK Government funding, plus additional government grants and contributions from the college and council.

    It will pave the way for City of Wolverhampton College to move from its 1960s Paget Road site, which has been identified as land to build much needed housing.

    The college forecasts that over a 10 year period approximately 45,000 people will benefit from learning at the City Learning Quarter and around 7,500 apprenticeships will be started.

    Its central location and close proximity to the new £150 million transport interchange will make it easily accessible. It will also boast environmental benefits in line with council’s climate emergency agenda.

    MIL OSI United Kingdom

  • MIL-OSI Economics: WTO Secretariat briefs members on Agreement on Fisheries Subsidies, Fish Fund

    Source: WTO

    Headline: WTO Secretariat briefs members on Agreement on Fisheries Subsidies, Fish Fund

    WTO Agreement on Fisheries Subsidies
    Opening the information session on 22 May, Deputy Director-General Angela Ellard said: “This session has been organized in response to the calls from many members for collaborative efforts to facilitate the Agreement’s entry into force and support its implementation. The Agreement represents a significant achievement in our global efforts to promote the economic and environmental sustainability of ocean resources. Members’ commitment to ratify and implement this Agreement is crucial for protecting our oceans and supporting those most dependent on marine resources.”
    By adopting the Agreement on Fisheries Subsidies by consensus at the WTO’s 12th Ministerial Conference (MC12) in Geneva in June 2022, ministers set new binding multilateral rules to prohibit subsidies for illegal, unreported and unregulated (IUU) fishing, fishing overfished stocks, and fishing on the unregulated high seas.
    Welcoming the acceptances of the Agreement by Georgia on 19 May and Lesotho on 21 May, DDG Ellard added: “This momentum signals a growing commitment among members to the Agreement.”
    The WTO Ambassador of Barbados, Matthew Wilson, said: “More than 50 African, Caribbean and Pacific (ACP) member states are coastal countries, most of them with very important coastal fishing communities that have been exposed to IUU fishing. ACP economies are the most at risk from illegal fishing, given that they often do not have the capacity to police oceans and waters.” Barbados formally accepted the Agreement on 14 February 2024.
    Malaysia’s WTO Ambassador, Syahril Syazli Ghazali, said: “The Agreement on Fisheries Subsidies supports our national efforts to combat harmful practices, and at the same time provides the extra push for policymakers and stakeholders to accelerate and improve our efforts in sustainable fishing.” He highlighted the importance for governments to find “a balance between economic, social and environmental interests”. Malaysia formally accepted the Agreement on 26 February 2024.
    Sierra Leone’s WTO Ambassador, Lansana Gberie, highlighted the role the Agreement will play in “supporting efforts by the Economic Community of West African States to develop a regional roadmap to modernize fisheries and information-sharing for surveillance and coordination.” However, he underlined that: “Nineteen African countries have accepted this Agreement — this is still very small.” Noting that West Africa loses billions of dollars annually in IUU fishing, Ambassador Gberie stressed that: “IUU fishing is a transparency challenge and it requires a global response.” Sierra Leone formally accepted the Agreement on 19 July 2024.
    Benedicte Fleischer, Special Trade Policy Representative of Norway, talked about the importance of implementing the Agreement’s disciplines, including notifications of subsidy measures, and of development assistance. She said: “Because of our fisheries management measures, which increasingly focus on control and enforcement, Norway is well prepared to ensure the underlying objectives of the Agreement on Fisheries Subsidies are met.” Norway formally accepted the Agreement on 26 February 2024.
    Members welcomed the progress already made in ratifications, and called for further ratifications as soon as possible. The Agreement on Fisheries Subsidies will enter into force upon receipt of formal acceptances from two-thirds of WTO members, representing 111 members. A total of 99 instruments of acceptance has been received so far.
    WTO Fisheries Funding Mechanism
    At MC12, ministers also established the Fisheries Funding Mechanism  to provide technical assistance and capacity-building to help developing economies and least-developed countries (LDCs) that have formally accepted the Agreement to implement the new obligations. It was the focus of the information session for members held on 23 May.
    Commerijn Plomp (Netherlands), Co-Chair of the Fisheries Funding Mechanism Steering Committee, noted that once operational, the Fund will be key to incentivize ratifications from more WTO members, as well as implementation of Agreement’s disciplines. She said: “Wide implementation will be crucial for generating a meaningful impact on our shared oceans.”
    Representing the Steering Committee, Olga Lukashevich (Peru) stressed that: “It is essential to remember that the Fund is conceived as a vehicle to support those that require it in complying with the Agreement’s disciplines, providing tools, knowledge and technical cooperation according to each member’s needs.”
    DDG Ellard concluded the session by recalling that: “With 99 members now having deposited their instruments, we are not only approaching the threshold for the Agreement’s entry into force, but we are within striking distance from launching the first Call for Proposals — as the Steering Committee agreed on 20 May — when we reach 101 deposits. As this moment approaches, it is important that members have a clear picture of the tools available to support implementation.”
    Information about the Agreement on Fisheries Subsidies can be accessed here.
    Information on the Fisheries Funding Mechanism is available here.
    Information for members on how to accept the Protocol of Amendment can be found here.

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    MIL OSI Economics

  • MIL-OSI Economics: Luis de Guindos: Interview with Ta Nea

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Leonidas Stergiou on 21 May 2025

    27 May 2025

    What is the key message from the latest issue of the ECB’s Financial Stability Review?

    Uncertainty in the global economy has increased significantly since the last Financial Stability Review in November 2024, mainly because of the abrupt change in US tariff policy. Given this level of uncertainty, we see three main risks to financial stability.

    First, market valuations are very high and are now pricing in a benign scenario with no recession, lower inflation and lower interest rates. High valuations and high uncertainty could give rise to sharp market corrections – as we saw after the US tariff announcements on 2 April – and adjustments could become disorderly. Second, the heightened uncertainty is already affecting growth, which could elevate credit risks for banks and non-banks. The European Commission’s growth forecasts have been revised downwards for 2025 and 2026, businesses are postponing investments and households are delaying major purchases. Third, fiscal pressures are on the rise owing to higher defence spending in a low-growth environment. This could affect sovereign bond yields and raise concerns about sovereign debt sustainability in some countries.

    How do trade tensions with the United States affect the economy?

    We do not know what the final outcome of the ongoing trade negotiations will be, but they have certainly created uncertainty and volatility. They are affecting investment, weakening household confidence and reducing the growth prospects of the European economy. The trade negotiations are still ongoing but, ultimately, the level of tariffs is likely to be higher than it was before the start of the new US Administration. And we shouldn’t only focus on bilateral tariffs between the United States and the EU – we also need to look at global trade patterns and disruptions. If China redirects its exports to Europe, for example, the impact will be significant.

    What are the risks from non-banks?

    The non-bank financial sector is a very broad term that covers investment funds, insurance companies, pension funds and other financial intermediaries. Non-banks have weathered recent market disruptions well overall. But, in such an uncertain environment, with trade tensions increasing market volatility and weighing on asset quality, they could face higher valuation losses and more frequent margin calls.

    Hedge funds are our main concern here. First, because of liquidity risk: if redemptions increase, they might not have enough liquid assets to meet them. Second, because they can be extremely leveraged – not only in the traditional sense but also through derivatives – there is a risk that they might need to fire-sell assets and unwind their leverage. These factors may increase pressure on the market and exacerbate the risk of contagion in the event of a shock.

    The non-bank sector has grown significantly over the past few years and is less supervised than the banking sector. This is why we need an effective policy framework that improves the sector’s resilience and levels the playing field across Europe.

    Is the supervisory framework fair for small and medium-sized banks in the euro area?

    We think there is scope to simplify European banking regulation and reporting frameworks, in line with the initiatives of the European Commission. We have therefore created a task force within the Eurosystem to develop proposals on how to simplify the regulatory framework for European banks. Once approved by the Governing Council, these proposals will be sent to the European legislators for their consideration.

    The group is going to look at four main areas. First, how the capital structure could be made simpler and easier to understand for investors. Second, the remaining steps in the implementation of Basel III, considering what will be decided in other countries, like the United States. If the United States pursues a more lenient approach, the EU could be put at a competitive disadvantage. Third, simplifying the extensive reporting obligations that banks face, with a view to avoiding overlaps and reducing the administrative burden. And finally, simplifying our own supervisory framework. Our banking supervision arm has already taken several steps in this area, for example by streamlining our annual assessment of banks’ risk profiles.

    In any case, our recommendations will not undermine resilience, and banks’ capital levels should not be reduced. The aim is to make the regulatory and reporting frameworks simpler and easier to follow, without reducing banks’ solvency.

    In the Financial Stability Review, you mention the high deposit franchise value of Greek banks. Is this an advantage or a risk?

    Banks with a stable and strong deposit base are more resilient. By providing steady, low-cost funding, strong deposit franchises are a source of bank profitability. Greek banks are a case in point and so have a comparative advantage over banks that rely more on market financing.

    What is currently the main challenge for the Greek economy?

    Greece has made remarkable progress since the sovereign debt crisis ten years ago. Greek bond yields are now at historically low levels, banks are solvent and robust and the economy is growing faster than the euro area average. The labour market has also strengthened, with unemployment levels dropping significantly. This has been acknowledged by markets, rating agencies and institutions, including the European Commission and the ECB.

    To maintain this momentum, the main challenge at present is to enhance economic productivity by investing in education, innovation and infrastructure. This will help to boost wages and improve living standards in a sustainable manner and will support Greece in maintaining its strong economic performance in the medium term.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Open Innovation Team’s AI work at the Department for Education

    Source: United Kingdom – Executive Government & Departments

    News story

    Open Innovation Team’s AI work at the Department for Education

    Secretary of State for Education highlights Open Innovation Team in Education World Forum speech

    The Open Innovation Team (OIT) was highlighted by Secretary of State for Education Bridget Phillipson during her keynote address at the recent Education World Forum 2025.

    In her speech, the Secretary of State emphasised the importance of evidence-based innovation in EdTech to improve educational outcomes globally. She announced new investments to test educational technologies, including AI tools, with support from the OIT.

    She said:

    Working with the Open Innovation Team, we’ll be engaging the sector to understand what works. We’ll look at how tools, including AI, can improve things like staff workload, pupil outcomes and inclusivity. Evidence must be at the heart of all we do, on EdTech and right across education.

    This recognition underscores the OIT’s commitment to collaborating with the Department for Education and partners to develop and evaluate innovative solutions that enhance teaching and learning experiences across England, and beyond.

    Read the full speech here.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • India will not tolerate terrorism or nuclear intimidation: Sanjay Jha-led delegation in Singapore

    Source: Government of India

    Source: Government of India (4)

    An all-party parliamentary delegation led by Janata Dal (United) MP Sanjay Jha on Tuesday conveyed that India will give a fitting reply to any terrorist attack on its soil and will not tolerate any form of nuclear blackmail.

    During their meeting with Sim Ann, Singapore’s Senior Minister of State for Foreign Affairs and Home Affairs, the parliamentarians emphasized the importance of Operation Sindoor and reiterated India’s stand against Pakistan-sponsored cross-border terrorism.

    Condemning all acts of terrorism, Sim Ann extended Singapore’s support to India in its fight against terrorism. She affirmed that Singapore and India are close partners and will continue efforts to further strengthen bilateral cooperation, according to a statement from the Indian High Commission in Singapore.

    During the engagement, Jha briefed the Singaporean side on India’s stance regarding the events following the April 22 Pahalgam terror attack, the subsequent launch of Operation Sindoor, and the country’s “new normal” strategy in counter-terrorism.

    He underlined that the Indian delegation, comprising representatives from various political parties, reflects the nation’s united resolve against terrorism.

    “The delegation members conveyed that the terrorist attack in Pahalgam was an attempt to disrupt the trajectory of peace, development, and normalcy in the Union Territory of Jammu and Kashmir. The Government of India deemed it essential that the perpetrators and planners of the April 22 terror attack be brought to justice. In response to this heinous act, India launched Operation Sindoor, specifically targeting terrorist infrastructure. India’s response was measured, non-escalatory, proportionate, and responsible,” the Indian High Commission said.

    The delegation also sought Singapore’s support in combating terrorism at multilateral forums such as the United Nations and the Financial Action Task Force (FATF). As close partners, India and Singapore will continue to work together on regional and global issues, particularly on terrorism, the statement added.

    Later in the day, the Jha-led delegation met senior representatives from the Singaporean government, academia, media, and businesses, briefing them on developments since the Pahalgam attack.

    The delegates expressed appreciation for the presence of Singapore’s Senior Minister of State Janil Puthucheary and Members of Parliament Vikram Nair and Saktiandi Supaat, thanking them for their support in India’s fight against terrorism.

    “Our all-party parliamentary delegation held wide-ranging discussions with senior representatives from the Singaporean government, academia, media, and business sectors. We briefed interlocutors on developments following the Pahalgam terror attack, Operation Sindoor, and India’s resolute ‘new normal’ in combating terrorism. We thank Senior Minister of State Janil Puthucheary and MPs Vikram Nair and Saktiandi Supaat for their support in strengthening bilateral cooperation in the global fight against terrorism,” Jha said in a post on X.

    The delegation 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.

    IANS