NewzIntel.com

Category: European Union

  • MIL-OSI Global: ‘I will not eat the bugs’: examining a right-wing narrative about scarcity and insect consumption

    Source: The Conversation – France – By D. D. Moore, Visiting Fellow, Max Weber Programme for Postdoctoral Studies, European University Institute

    Noor Bin Ladin, a right-wing influencer, stridently declares “I don’t want to eat the bugs” on a talk show hosted by a former adviser to US President Donald Trump. Laurent Duplomb, a senator from the conservative Les Républicains party in France, informs his colleagues that the French would be eating “insects without their knowledge”. Bartosz Kownacki, an MP from the nationalist Law and Justice party in Poland, suggests that opposition politicians write “instead of chicken, eat a worm” on their election materials, arguing that “this is their real election programme”. Thierry Baudet, a leader of the far-right Forum for Democracy party in the Netherlands, shouts “No way! No way!” while holding up a bag of mealworms in front of protesting farmers. Politicians in Lega, a far-right party in Italy, warn that the European Union is planning to “impose” the eating of insects on citizens in the bloc – and a Lega electoral campaign includes a billboard-sized image of a person popping an enormous cricket into their mouth, next to the caption, “Let’s change Europe before it changes us.”


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    During the 2020s, commentators and politicians across the right-wing political spectrum have amplified an Internet-based conspiracy theory that elite forces are conspiring to make us all eat insects. Often rallying under the slogan “I will not eat the bugs,” right-wing and far-right figures have come out in force against human consumption of insects. Many of these people assert that the EU is planning to force bug-eating on the general public while devastating traditional agriculture and meat consumption under the guise of the European Green Deal, the bloc’s plan to eliminate greenhouse gases by 2050 and decouple economic growth from resource use. Opposing insect-eating has become a symbolic way to protest EU environmental policies, express scepticism of and hostility toward Brussels, and villainize political opponents. Closer inspection reveals that the conspiracy theory underlying such opposition has much older and more sinister resonances.

    “Spreading disinformation”

    Insect eating (entomophagy) remains a minor practice in Europe and North America, although alternative protein sources do play a role in the EU’s move toward a sustainable future. So far, the European Commission has approved frozen, dried and powdered forms of Tenebrio molitor (yellow mealworm larva), Locusta migratoria (migratory locust), Acheta domesticus (house cricket) and Alphitobius diaperinus (the lesser mealworm larva) for human consumption. But the market for insect powder in foods like bread, pasta and sports bars remains small. Although insects are common food in many parts of the world, consumers in the West, where insects are more commonly used to provide protein in animal feed, are reluctant to eat bugs for historical reasons based in ideas of uncleanliness and primitiveness. So, based on the facts, there seems to be little to no reason for statements such as those made by Rumen Petkov of Bulgaria’s ABV party, who said that EU approval of insect consumption is a “crime against Europe” and that the European Commission is “prepared to kill our European children”.

    What led to the rapid spread of this conspiracy theory? Noor Bin Ladin’s remarks give us a clue. During her talk show appearance, Bin Ladin described her words as a message for Klaus Schwab to take to his “masters”. Schwab is the founder and executive chair of the World Economic Forum. Early in the Covid pandemic, Schwab and the WEF produced a set of proposals titled “the Great Reset”, which called for an overhaul of various world systems to produce a stakeholder-driven capitalism that would lead to a more socially and environmentally responsible future. Conspiracists seized on and branded “the Great Reset” as a new iteration of a conspiracy theory known as the New World Order – an imagined global governance system meant to control the lives of everyone. Both the Great Reset and the New World Order lead back to much older and broader antisemitic conspiracy theories that hold that elite Jewish financiers run the world with their hands on invisible levers of power. All these narratives tap into feelings of futility and hopelessness about the future.

    US right-wing media personality Tucker Carlson called a 2023 episode of his show, which included a heavy focus on Schwab and the WEF, “Let Them Eat Bugs”, a title that gestures at the remark allegedly made by Marie Antoinette, the last queen of France, when she heard about people suffering from a lack of bread before the French Revolution: “Let them eat cake”. With this title, Carlson is aiming to emphasize that the elite are hopelessly out of touch and have contempt for farmers and the average man, whom they want to force to eat bugs. Like the French bedbug scare in late 2023, right-wing alarm around insect-eating has connections to the spread of anti-EU Russian propaganda. Russian news outlets have suggested that Europeans are so poor and food deprived as a result of sanctions connected to the war in Ukraine that they have been reduced to eating insects. As the European Digital Media Observatory (EDMO) writes, insects are “delicious treats for actors with interest in spreading disinformation against the EU”.

    Symbols for dehumanization

    The desire to stir up fear about the minor level of European and US insect consumption is not based on the risk of rapid growth in the insect market, but on the power to arouse disgust and fear itself. Insects have long been used as symbols to stir revulsion and paint opponents as objects of physical and moral disgust. During times of political extremism, insects have featured repeatedly in efforts to distance, devalue and dehumanize minorities. Armenians were called locusts during the Armenian genocide, and Jews were compared to lice in Nazi Germany. In the period prior to the ethnic genocide of Tutsis in Rwanda, some Hutus repeatedly called Tutsis “cockroaches” on public radio. The right wing’s current fetishization of insect-eating serves as a narrative to cast political opponents as morally repulsive, even if not labelling them as bugs themselves.

    For some figures on the right, insect consumption symbolizes the worst of Eurocentric liberalism – seen as a movement so void of a positive political vision that the only possible future it offers is one of impoverishment and bug-eating. They point to an elite who they claim will go on feasting on meat while forcing mealworms and fly larvae on the rest of us. It’s a potent image. At a moment in which people on the right and the left seem unable to imagine a better political future together, it becomes easier to demonize climate policy-minded leaders as a group of disgusting hypocrites plotting to create a society of contrived scarcity where the general population is reduced to eating bugs.

    Meanwhile, since 2015, scientists have been releasing papers warning that the global food system shows risks of genuine structural problems. In a future of environmental disruption, trade wars and real risks of food shortages and famine, we may need all the calories we can get – insect-based or otherwise.



    À lire aussi :
    ‘A healthy earth may be ugly’: How literary art can help us value insect conservation

    Out of curiosity, I bought a bag of cricket flour last fall. The crickets resulted in a delicious, nutty-flavoured cecina, well… crickcina. So far, none of my friends will try it. They’re missing out.

    D. D. Moore ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’a déclaré aucune autre affiliation que son organisme de recherche.

    – ref. ‘I will not eat the bugs’: examining a right-wing narrative about scarcity and insect consumption – https://theconversation.com/i-will-not-eat-the-bugs-examining-a-right-wing-narrative-about-scarcity-and-insect-consumption-254112

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: New action to expand Scottish exports

    Source: Scottish Government

    US Export Plan among steps to boost business.

     

    A bespoke plan to help Scottish companies export to the United States will be drawn up as part of new measures aimed at boosting trade.

    It is one of six actions announced in the First Minister’s Programme for Government to assist exporters and address global trade challenges.

    Other steps include increased funding for product development, market research and attendance at international trade shows.

    Within the current financial year, the Six Point Export Plan will:

    • produce a US Export Plan to identify states offering the best markets for Scottish products, as part of wider support for trade with North America
    • use the International Growth Support Programme to unlock opportunities through trade shows, distributor visits, market research and product development
    • bring more global buyers to Scotland to showcase what companies have to offer
    • expand funding for overseas trade missions through the International Trade Partnership with Scottish Chambers of Commerce
    • increase funding for exporters in the technology, life sciences, renewables and hydrogen sectors
    • widen support for businesses through Scottish Enterprise’s international team, Scottish Development International, including more overseas trade missions and exporter showcase events

    During a visit to Summerhall Distillery in Edinburgh, which exports to more than a dozen countries including the US, Deputy First Minister Kate Forbes said:

    “In the face of global uncertainty, I am determined to protect and grow Scotland’s business interests around the world.

    “As the USA remains the single largest destination for Scottish exports outside the European Union, action to maintain and grow the market share while recognising the changing dynamics of US export opportunities is an important focus of our Programme for Government.

    “These steps will build on the significant support we already provide through Scottish Development International and its network of 34 offices across the world, including four in the US.

    “We must grasp all opportunities to strengthen Scotland’s reputation in world markets. Demand for Scottish products and services around the world is high and global customers recognise the innovation, quality and ambition of our businesses.”

    Commercial Director of Summerhall Distillery Dave Quinnell said:

    “We export around the world, including the US where we recently signed a new contract to sell more than 100,000 bottles a year.

    “Without Scottish Development International, we would not have been able to access the majority of our international markets.

    “We received help to draw up our initial export plan, to access specialist advice and to fund trade visits overseas. All of this has been vital to our business as we grow and continue to explore markets across the world.”

    Background

    Programme for Government 2025 to 2026 – gov.scot

    Summerhall Distillery was opened as the first exclusive gin distillery established in Edinburgh for over 150 years, producing Pickering’s Gin. It has since become home to The Broody Hen Scotch Whisky and Coldsnap Vodka. The business has diversified into private and own label products, culminating in the formation of Edinburgh Bottlers & Co-Pack, specialising in premium private label spirits services.

    In the last financial year Scottish Enterprise, whose overseas brand is Scottish Development International, reported £2.15 billion in planned international sales from the Scottish companies it has helped – among the highest results ever achieved.

    The International Trade Partnership Programme is run with the Scottish Chambers of Commerce and will expand access to business membership organisations to provide support for trade missions to established and emerging markets.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New £1.8m sports pitch and pavilion completed at Banbridge High School

    Source: Northern Ireland City of Armagh

    John Donnelly from the Education Authority, Katy Feeney, Principal of Banbridge High School and Gavin Boyd, Chair of Sport NI join the Lord Mayor of ABC Borough Cllr Sarah Duffy, Communities Minister Gordon Lyons and ABC Council Chief Executive Roger Wilson at the official opening of the new 3G sports pitch and pavilion.

    A new £1.8m 3G sports pitch and pavilion which will benefit pupils and the local community has opened at Banbridge High School.

    Minister for Communities, Gordon Lyons joined Lord Mayor of Armagh City, Banbridge and Craigavon (ABC) Borough, Councillor Sarah Duffy in officially opening the impressive facility which includes a full size 3G synthetic pitch complete with floodlighting, fencing and a changing pavilion.

    The sports pitch will be operated on a dual-use basis; Banbridge High School using the pitch during the day and Armagh City, Banbridge and Craigavon Borough Council managing the facility for community use in the evenings and weekends.

    The project is funded through £1.6m investment from ABC Council and Department for Communities through the Your School Your Club initiative, with funding of £225,000 distributed through Sport NI.

    Lord Mayor, Councillor Sarah Duffy said: “This is a very positive day for everyone at Banbridge High School and also the local community who can avail of this excellent facility. Sport and exercise are so important and as a council we are delighted to be a part of this innovative partnership which is helping people stay active and healthy.”

    Communities Minister Gordon Lyons said: “This new pitch and changing pavilion are welcome additions to Banbridge High School, benefitting not only the pupils but sports teams in the wider community. I am keen to see young people participating in a range of sports and I am determined that school and grassroots venues are modernised and available to more teams and groups for training and matches.  Your School Your Club has the potential to transform school sports facilities and I hope more schools will take inspiration from Banbridge High School.”

    A spokesperson for the Education Authority (EA) said: “We would like to thank ABC Council, Sport Northern Ireland and Banbridge High School for their vision, support and significant investment.  We look forward to seeing this partnership thrive and have no doubt that this facility will become a hub of sporting excellence and physical well-being.”

    Richard Archibald, Interim CEO, Sport NI said: “Sport has the power to change lives and access to good sports facilities is vital to create more opportunities for people of all ages and abilities to participate in sport and physical activity. We are delighted to have supported this new facility at Banbridge High School through our Your School Your Club programme which will benefit both the school and the wider community.”

    Principal of Banbridge High School, Mrs Katy Feeney said: “I am thrilled at the opening of our new 3G pitch, a state-of-the-art facility that will significantly enhance our sports programmes and provide our students with unparalleled opportunities for physical development, activity and teamwork.

    “In addition to benefiting our students, the 3G pitch will also serve the local community. As a school, this will allow us to strengthen our ties with the community and create a vibrant, active hub for everyone to enjoy. I would like to thank all those who have made this a reality.”

    The 3G pitch and pavilion was designed by AECOM and the work was successfully completed by Haffey Sports Grounds Ltd.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: By-election to take place in the Fountainbridge/Craiglockhart ward in June

    Source: Scotland – City of Edinburgh

    A by-election will be held in the Fountainbridge/Craiglockhart ward following the sad passing of Councillor Val Walker last month.

    Residents will go to the polls on Thursday 26 June 2025 to elect one new councillor to represent the ward. The current electorate is 18,563. 

    Tomorrow, on Friday 16 May, the formal Notice of Election will be published, and the Election Timetable, Election Notices and Nomination Papers will all be accessible on the Council website.

    Returning Officer for Edinburgh, Paul Lawrence said:

    I want to reiterate my condolences to Councillor Walker’s family, friends, and colleagues. The tributes we saw last week at the Council meeting shows the esteem in which she was held across all sides of the Chamber, and she will be sorely missed.

    Her passing has resulted in the vacancy for the Fountainbridge/Craiglockhart ward. I’d urge all residents in the ward to make sure they are registered and have their details or preference of how they would like to vote up to date in plenty of time.

    Details on how to register, where to vote or how to vote by post can be found on the Council website.

    Nomination papers can be submitted from 10am on Monday 19 May until 4pm on Friday 23 May to the Returning Officer in the City Chambers. 

    Candidates will be confirmed when nominations close at 4pm on Friday 23 May.

    Polling stations will be open from 7am to 10pm on Thursday 26 June.

    The election will use the Single Transferable Vote (STV) system where voters can rank candidates in order of preference rather than using a single cross. Voters can give a rank to as many or as few candidates as they like.

    The deadline to register to vote in this by-election is midnight on Tuesday June 10. For new postal vote applications, it’s 5pm on Wednesday June 11 and for new proxy votes its 5pm on Wednesday June 18.

    Find out more about elections in Edinburgh and how to register to vote on the Council website.

    Published: May 15th 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: National Trust announces opening date of Coventry Charterhouse

    Source: City of Coventry

    The National Trust announces Coventry Charterhouse, a former 14th century monastery, will re-open to visitors on Wednesday 21 May.

    Visitors are invited to join the Festival of Blossom during May half-term at the Charterhouse, to celebrate the beauty of nature’s confetti and have a go at family-friendly blossom crafts. Visitors can also enjoy immersive guided tours of Charterhouse interiors*.

    Earlier this year, Historic Coventry Trust, which owns the Charterhouse and oversaw its multi-million-pound renovation, entered into a partnership with the National Trust where the day-to-day operations of the site, and visitors’ experience will now be managed by the National Trust. The venue has also received funding and support from Coventry City Council to assist with its restoration and reopening.

    The Grade I listed former Carthusian monastery – one of only nine ever built in England – is the National Trust’s first property in Coventry, where it will work closely with organisations in the city as part of its ambition to bring history and heritage to more people in urban areas.

    The 14th-century former monastery is home to remarkable 15th and 16th century wall paintings, widely regarded as some of the finest surviving examples of medieval and Renaissance art in England.

    Visitors can explore a beautifully landscaped walled garden as well as expansive green space that includes a wildlife pond, community orchard, children’s play area, and grassland park.

    A 60-seat café will also open at the historic house from Wednesdays to Sundays, 8am until 5pm.

    In preparation for reopening Coventry Charterhouse, the National Trust has appointed a dedicated team of experienced heritage professionals to manage the site.

    The charity also put the call-out for volunteers and more than 160 people have come forward to support Coventry Charterhouse and help to share its fascinating history as the former 14th century monastery enters an exciting new chapter with the National Trust.

    Cllr Naeem Akhtar, Cabinet Member for Housing and Communities at Coventry City Council, said: “We are delighted to welcome the National Trust to Coventry and see the remarkable Charterhouse flourish as a hub of culture and heritage. This partnership enhances our cultural offer for both residents and visitors – it really does give them the opportunity to experience some Coventry’s rich history.

    “The Charterhouse is already a key part of Coventry’s cultural landscape and I am excited to see how it will inspire and engage our community through its future as a National Trust property.”

    Cllr Jim O’Boyle, Cabinet Member for Jobs, Regeneration and Climate Change at Coventry City Council, said: “Charterhouse opening as a National Trust attraction – the first in Coventry – is fantastic news. It’s a great chance to attract more visitors from across the region and beyond, boost the local economy and highlight one of the city’s most important historic sites.

    “With the backing of the National Trust, the Charterhouse will benefit from national profile and a strong visitor experience – helping to attract more people to the city, support local businesses and highlight one of Coventry’s most important historic sites as part of our wider tourism offer.”

    The new team, together with the support of local volunteers, will shape the next phase of the Charterhouse as both a heritage destination and key venue for local communities – a space where visitors can explore medieval architecture and rare wall paintings, enjoy the walled gardens and orchard, and take part in a growing calendar of events and activities.

    Gurminder Kenth, General Manager at National Trust, said: “As one of Coventry’s oldest surviving medieval buildings, the Charterhouse is an extraordinary place with a rich story to tell, and we’re excited to open our doors for visitors to explore its layered history.

    “Together with the highly experienced individuals we’ve welcomed into the fold as we prepare to reopen, we’ve been overwhelmed by the huge level of support and enthusiasm from locals coming forward to volunteer as we enter this next chapter together with the Charterhouse. Volunteers are at the heart of everything we do at the National Trust and as we’ve already seen from our constantly growing team at the Charterhouse, the passion to support this new chapter for the Charterhouse has been remarkable.

    “Working closely with Historic Coventry Trust and the local community, we hope to make this already special place somewhere people from all walks of life can explore, learn, and feel a real sense of community and history.”

    Coventry Charterhouse will be operated in partnership between Historic Coventry Trust, which owns the property and led its £11.9 million restoration with support from The National Lottery Heritage Fund, and the National Trust, which will help bring the site to wider audiences locally, nationally and internationally.

    In addition to managing the Charterhouse, the National Trust will also work with partners including the John Muir Trust to support the development of the wider heritage park and the green corridor connecting it to the city centre.

    For more information visit www.nationaltrust.org.uk/visit/warwickshire/coventry-charterhouse

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: End unfair council tax debt for domestic abuse survivors

    Source: Scottish Greens

    15 May 2025 Finance

    Greens call for scrapping of domestic abuse survivors council tax debt

    More in Finance

    Scottish Green MSP Ross Greer has urged MSPs to support his call that no domestic abuse survivors be forced to pay off their abuser’s council tax debts.

    Greer has lodged an amendment to the Housing Bill which would require Ministers to review the impact of the current system on domestic abuse survivors.

    Because of how the current legal liability arrangements work, where a survivor of domestic abuse has lived with their abuser, they are often responsible for the abuser’s debt. Researchers and organisations supporting abuse survivors have found examples where this debt is used as a means of ongoing control and financial abuse.

    Groups who have called for the removal of coerced debt include Scottish Women’s Aid, Aberlour and Financially Included, who recently published a joint report on the issue.

    Mr Greer said: 

    “Coerced debt is a form of abuse and financial violence that is being used against people in often very desperate situations. It is used to punish and control victims and survivors and to make them responsible for their abusers.

    “Council Tax debt causes a huge amount of stress and anxiety for thousands of people across Scotland. Some of those worst affected are survivors of domestic abuse who are being forced to pay off their abuser’s debts.

    “This is a problem overwhelmingly affecting women with children, with every penny they are forced to pay effectively being a tax for surviving their abuse. Cancelling it and changing the rules around joint liability is clearly the right thing to do.

    “I hope that MSPs from all parties will support my proposal and that we can move quickly to provide some relief and support for people who are trying to rebuild their lives.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Scottish homes are not for hoarding

    Source: Scottish Greens

    15 May 2025 Housing

    Greens challenge property hoarding landlords in parliament

    More in Housing

    The Scottish Government must close loopholes which allow the wealthy to hoard extra homes at the expense of local communities, say Scottish Greens.

    Speaking ahead of his Members’ Business Debate today in Holyrood, Scottish Green MSP Ross Greer said it is a national disgrace that thousands of children are in temporary accommodation at the same time as the rich continue to pay little tax whilst holding vast property portfolios.

    Greer’s motion highlights that in areas such as Coigach in Wester Ross a majority of homes are now second homes or holiday lets, causing acute local housing crises and forcing young people to leave their own communities just to secure their own home.

    Other communities where second homes and holiday lets are now a major problem include the Isle of Arran and both Cairngorms and Loch Lomond & the Trossachs National Parks.

    Mr Greer said:

    “Across Scotland there are thousands of homes which no-one actually lives in, because they are either second homes or Airbnb-style holiday lets. At the same time, thousands of children are stuck in temporary accommodation and young people are forced out of the communities they’ve grown up in due to lack of housing. These problems are directly connected.

    “Wealthy people collecting second homes are driving up house prices and creating acute local shortages. This hollows out communities, especially in rural areas and on our islands. Four in ten properties in Lochranza on Arran are either holiday homes or lets, which just isn’t sustainable.

    “Unbelievably, despite the damage they are doing to so many communities, these Airbnb-style short-term lets often don’t have to pay business rates. I’ve proposed an end to that tax break, but the Scottish Government is resisting this much needed reform.

    “The Scottish Greens have already doubled Council Tax on holiday homes, with our plan being that owners would sell up and make the properties available for those who need somewhere to live. That is already working, with 2455 fewer second homes in Scotland last year compared to 2023. With a housing crisis this bad though, we need to go further.

    “More new homes need to be built, but that won’t tackle the problem if many of them just become second homes or holiday lets as well. Our tax system needs to change, to end the advantages enjoyed by the wealthy and to make things easier for first time buyers.”

    Today’s debate also coincides with the first anniversary of the Scottish Parliament’s decision to declare a housing emergency in Scotland. Mr Greer said this should focus minds in the Scottish Government on taking urgent, concrete action.

    He added: 

    “Today marks a year since MSPs voted to declare a housing emergency in Scotland. Despite the widespread acceptance that our housing system is broken, very little has changed over the last 12 months.

    “I hope today’s debate underlines the vast inequality between those who own multiple homes and those who cannot afford their rent, let alone to own their own home.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: General Sir Gwyn Jenkins KCB OBE RM has been appointed as First Sea Lord and Chief of the Naval Staff, and Aide-de-Camp to His Majesty

    Source: United Kingdom – Government Statements

    Press release

    General Sir Gwyn Jenkins KCB OBE RM has been appointed as First Sea Lord and Chief of the Naval Staff, and Aide-de-Camp to His Majesty

    Defence Secretary John Healey has confirmed that His Majesty The King has approved the new appointment of First Sea Lord and Chief of the Naval Staff. General Sir Gwyn Jenkins KCB OBE RM is to be appointed as First Sea Lord and Chief of the Naval Staff, and Aide-de-Camp to His Majesty.

    General Sir Gwyn Jenkins KCB OBE RM has been appointed as First Sea Lord and Chief of the Naval Staff, and Aide-de-Camp to His Majesty. MOD Crown Copyright

    Defence Secretary John Healey, said: 

    I warmly congratulate General Sir Gwyn Jenkins on his selection as the next First Sea Lord and Chief of Naval Staff. As the first Royal Marine appointed to the role, this is a hugely significant moment for the Royal Navy. 

    General Jenkins is a proven leader with a distinguished career in both the military and at the core of government. I know he will deliver in this pivotal role, making Britain secure at home and strong abroad.

    Chief of the Defence Staff Admiral Sir Tony Radakin said: 

    I am very pleased to welcome General Jenkins as the next First Sea Lord. 

    As one of the outstanding Royal Marines of his generation, he brings with him a wealth of operational and organisational expertise. His appointment reflects a Corps which is bound even more tightly to the way the Royal Navy thinks, operates and fights.

    In a more dangerous and demanding world, General Jenkins has the instincts and ambition needed to continue the modernisation of the Royal Navy, ensuring it can meet future threats and continue to safeguard our nation’s security and prosperity.

    General Sir Gwyn Jenkins, said: 

    It is an honour to be selected as the next First Sea Lord.

    I feel extremely privileged to lead the exceptional sailors and marines of the Royal Navy at this pivotal time for UK Defence.

    Throughout my career, I have always been motivated by the vital role the Royal Navy has in keeping our nation safe. To do that now, we need to accelerate our return to a war fighting force that is ready for conflict, expand our modernisation efforts and deliver the Royal Navy our nation needs.

    Updates to this page

    Published 15 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Konsolidator launches FP&A project to fully automate Cash Flow forecasting

    Source: GlobeNewswire (MIL-OSI)

    Press release no. 2-2025
    Copenhagen, May 15, 2025

    Konsolidator launches FP&A project to fully automate Cash Flow forecasting 

    Konsolidator announces the launch of a new Financial Planning & Analysis (FP&A) project aimed at delivering automated predictive forecasting for finance teams in corporate groups. The new tool is a significant step in Konsolidator’s 2025–2027 Resilient Growth strategy, broadening the company’s financial software suite.

    Fits well into Konsolidator’s existing platform

    With cloud ERP adoption and access to real-time financial data, the timing is right to bring automated predictive forecasting into the financial operations of corporate groups. The new tool will integrate into Konsolidator’s core offering, enabling finance teams to take greater control of budgeting and forecasting using the financial data within the platform. This includes offering automated cash flow forecasting, a pain point for many CFOs. Cash flow forecasting at a group level is one of the most complex and essential things to get right. The future CFO won’t just report the past; they will be enabled to predict the future.

    Data accessibility has evolved significantly in the finance functions with the adoption of cloud technology, especially ERP systems.  AI’s ability to analyze complex and large data sets makes predictive forecasting an obvious choice for CFO’s.

    New Head of FP&A will lead the development

    Konsolidator has appointed Frederik Meinertsen as Head of FP&A, a newly established role that marks a significant step in the company’s 2027 strategy, Resilient Growth. Frederik Meinertsen brings two decades of experience in the financial and technology sector, having worked in management consulting and led teams of FP&A specialists. As Head of FP&A, he will be responsible for developing, testing, and launching the new product.

    Frederik Meinertsen, Head of FP&A at Konsolidator, says, “Forecasting cash flows and doing proper consolidation are complex tasks. Making seamless solutions available to group finance on the same platform is not only logical, but it will also enable the utilization of Business Intelligence and AI at a whole new level.“

    2025-2027 strategy: Broader product offerings

    The FP&A tool is part of Konsolidator’s broader Build, Buy, Partner approach, one of four strategic pillars of the Resilient Growth strategy.

    “This is a logical next step for Konsolidator,” says Claus Finderup Grove, CEO at Konsolidator. “Our customers have been asking for a more advanced way to budget and forecast. With the data already flowing through our platform and Frederik leading the development, we’re now in a strong position to deliver a tool that does exactly that. By way of this development, Konsolidator elevates our product offering to not only provide reliable but also predictive financial data.”

    Additional details, including the product name and pricing model, will be announced closer to the launch. Finance teams and partners interested in early access or beta participation are encouraged to contact Konsolidator directly.

    Contacts

    About Konsolidator
    Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

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  • MIL-OSI Europe: Montenegrin Police Directorate and Police Academy exchange good practices on strengthening responses to violence against women and girls with their counterparts in Spain

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

    Headline: Montenegrin Police Directorate and Police Academy exchange good practices on strengthening responses to violence against women and girls with their counterparts in Spain

    Montenegrin Police Directorate and Police Academy exchange good practices on strengthening responses to violence against women and girls with their counterparts in Spain | OSCE
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  • MIL-OSI United Kingdom: Great British Energy legislation passes through Parliament

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Great British Energy legislation passes through Parliament

    Landmark bill passes in Parliament as Great British Energy takes another major step forward.

    • Landmark Great British Energy Bill passes in Parliament
    • Publicly-owned energy company to benefit working people by accelerating clean power, bringing energy security and jobs as part of the Plan for Change
    • £4 million renewable scheme opens to give Scottish communities a stake in energy

    Working people will benefit from cleaner, homegrown power, as Great British Energy takes another major step forward today. Legislation for Britain’s new publicly-owned energy company has passed through Parliament and Great British Energy is set to deliver for working people.

    Great British Energy will invest in clean power projects across the UK as part of the government’s Plan for Change to become a clean energy superpower – helping to get off the rollercoaster of fossil fuel prices and protect families’ finances.

    Backed by £8.3 billion over the course of this parliament, the company will speed up the delivery of strategic energy projects and invest alongside the private sector to get new technologies like floating offshore wind up and running as part of the government’s modern Industrial Strategy.

    The Energy Secretary is today visiting a hospital in Hull where solar power is saving the hospital hundreds of thousands of pounds each month, allowing money to be reinvested in frontline services. 

    That’s why Great British Energy is investing £200 million in funding for new rooftop solar power and renewable energy schemes for schools, hospitals and communities – saving hundreds of millions on their energy bills. In April NHS Humber Health Partnership was awarded nearly £8.5 million from this fund, which will deliver up to £14.2 million in lifetime bills savings.

    As part of this, yesterday Scotland’s community energy fund opened for applications, backed by £4 million from Great British Energy for local clean energy projects – from community-led onshore wind, to solar on rooftops and hydropower in rivers – generating profits which could be reinvested into community projects or take money off people’s bills.

    Meanwhile people in Wales will benefit from nearly £3 million of Great British Energy funding for local renewable projects.

    Energy Secretary Ed Miliband said:

    “Great British Energy comes from a simple idea: British people should own and benefit from our own natural resources.

    “We are giving people a stake in clean energy and delivering profits for the British people.

    “As part of our Plan for Change, this will make us a clean energy superpower and help bring down energy bills for good.”

    Great British Energy Chair Juergen Maier said:

    “Great British Energy was created to ensure British people reap the benefits of clean, secure, homegrown energy.

    “We now have full backing to scale up the company, crowd in investment, and back clean energy projects across the country.”

    Today Great British Energy will host a roundtable in Edinburgh alongside the Scottish Secretary, Ian Murray, focussed on the supply chain opportunities in Scotland. It follows Great British Energy’s initial £300 million funding for offshore wind supply chains. This will support Britain’s engineers, technicians, and welders and invest in offshore wind manufacturing components such as floating offshore platforms and cables in the UK’s industrial heartlands.

    As part of the government’s modern Industrial Strategy, which will turbocharge growth in the UK’s key sectors including clean energy, this investment is part of the Prime Minister’s drive to ensure that the clean energy future is ‘built in Britain’.

    The Energy Secretary will soon outline Great British Energy’s strategic priorities – including which technologies the government expects the company to focus on and how it should consider the public benefits from investment decisions.

    The Great British Energy Bill received legislative consent from all three devolved governments, the first Bill to under this parliament. This will allow Great British Energy to operate more effectively in every devolved nation and benefit people across the UK.

    Updates to this page

    Published 15 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: NATO Deputy Secretary General to visit Estonia

    Source: NATO

    On Friday, 16 May 2025, the NATO Deputy Secretary General, Ms Radmila Shekerinska, will visit Tallinn, Estonia.

    Ms Shekerinska will participate in the Lennart Meri Conference, ​visit the NATO DIANA Regional Hub and​​ the military exercise “Hedgehog” (“Siil”)​.

    The Deputy Secretary General will also meet the President, Mr Alar Karis, the Minister of Foreign Affairs, Mr Margus Tsahkna, and the Minister of Defence, Mr Hanno Pevkur.

    There will be no media opportunity.

    For more information:

    For general queries: contact the NATO Press Office

    Follow us on X: @NATO, @DepSecGenNATO and @NATOPress

    MIL Security OSI –

  • MIL-OSI Asia-Pac: Arts carnival tickets to go on sale

    Source: Hong Kong Information Services

    The annual summer arts festival International Arts Carnival will be held from July to August and tickets will go on sale from tomorrow.

     

    This year, overseas artists will come from the Netherlands, Korea, Norway and the US. Together with their Mainland and local counterparts, they will present a wide variety of performing arts programmes covering martial arts, acrobatics, dance, music, theatre, multimedia and more.

     

    The opening programme will be the martial arts theatre performance Soul of Shaolin featuring elite performers of the Henan Provincial Shaolin Wushu Center from July 11 to 13.

     

    To celebrate the upcoming 15th National Games, the carnival will present Sounds of Sports on August 2 and 3, in which local musicians and athletes will combine karate, rugby, wushu and table tennis with jazz drums, shakuhachi, erhu, cello and piano.

     

    Films from around the world for families will also be screened under the Summer Family Cine Fest.

     

    Tickets will be available at URBTIX.

     

    The carnival also offers a wide range of parent-child workshops, an online programme, an outreach performance and an exhibition.

     

    For enquiries, call 2370 1044.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Craig Collingswood becomes city’s 166th Mayor

    Source: City of Wolverhampton

    Councillor Craig Collingswood has been officially appointed Wolverhampton’s 166th Mayor.

    He took over the chains of office from outgoing Mayor Councillor Linda Leach at the inauguration, which took place during last night’s Annual Council Meeting. His daughter Abby, a cardiothoracic nurse at New Cross Hospital’s Heart and Lung Centre, is Mayoress.

    Councillor Paul Singh was appointed Deputy Mayor for 2025 to 2026, with his wife Ranjit Dhillon becoming the new Deputy Mayoress.

    Councillor Collingswood, who has served the Park Ward since 2012 and was Deputy Mayor for the 2024 to 2025 municipal year, said: “I am immensely proud and deeply grateful to become the First Citizen of our great city.

    “As a born and bred Wulfrunian, it is an incredible honour and I pledge to dedicate my time, energy and commitment to serving this amazing place to the best of my ability.

    “Wolverhampton has a rich and proud history. It has witnessed remarkable changes and transformations and has long been a place where innovation and industry have thrived – and today it continues to be a city which embraces diversity, progress and opportunity.

    “Our city’s motto, out of darkness cometh light, serves as a beacon of hope and inspiration. It reminds us that, even in the face of adversity, we have the power to advance, innovate and shine brightly, and this resonates today more than ever as we continue to work together to bring light to every corner of our city.

    “My theme for the year is ‘City and Wulfrunians ascend together’. This symbolises the collective ambition towards growth and progress. It represents the city’s regeneration, whether through urban development or cultural revival, and highlights the resilience and aspiration of our residents.

    “This ascension points towards collaboration, a shared sense of pride, community and empowerment as Wulfrunians rise together to shape the city’s destiny on a local, national and even global stage.”

    He added: “Abby will be a wonderful Mayoress and, together, we promise to act with integrity and put the interests of our city and Wulfrunians first and foremost. Let us work together to make Wolverhampton an even better place for future generations, guided by the light that our motto so brilliantly embodies.”

    Councillor Collingswood has chosen 4 charities to support during his Mayoral year. These include:

    • SAFFA, Soldiers, Sailors, Airmen and Families Association, a military charity which provides lifelong support to veterans, serving personnel and their families
    • The Royal Wolverhampton NHS Trust Charity, which is committed to supporting the Trust’s work by raising essential funds to improve patient care and healthcare services across the city
    • Compton Care, which provides specialist palliative care to adults with life limiting illnesses
    • Acorns Children’s Hospice, which provides specialist care for children and young people with life threatening conditions, along with support for their families

    This year’s inauguration was sponsored by 2 local firms, Burke Brothers and Gills Mix Concrete, and Councillor Collingswood added: “I would like to thank Burke Brothers and Gills Mix Concrete for their generosity.”

    Councillor Collingswood, who attended Manor Primary and Parkfields Secondary schools, worked in occupational health in local government for many years before becoming a lecturer. His father was a Bilston councillor for 17 years and, following in his footsteps, Councillor Collingswood has served as the council’s Cabinet Member for Resident Services and the Environment and as chair of the Audit & Risk Committee.

    Councillor Collingswood is also Chair of the Wolverhampton Armed Forces Covenant Board – his son, Jack, is a Trooper serving with the British Army in The Queen’s Royal Hussars regiment and is currently in Germany.

    For more information please visit The Mayor of Wolverhampton. The website includes details of how to invite the Mayor to events.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Find out about courses for adult learners with additional needs

    Source: City of Wolverhampton

    Its SEND Open Event takes place next Thursday 22 May from 1.30pm to 6pm at The Maltings, Herbert Street, Wolverhampton.

    Visitors will be able to view the facilities and meet the tutors, support workers and current students, take part in activities and find out more about courses for people with disabilities.

    These include:

    • Life Skills English, Maths and Digital Skills; students learn essential everyday key skills for their personal lives and potential voluntary and paid employment.
    • Life Skills Cookery; students learn the basics of simple food preparation, food safety, the safe use of tools, and important skills helping students to move closer to living independently.
    • Everyday Life Skills; students focus on exploring the community, citizenship, independent travelling and much more about what it is to live in the UK today.
    • Keep Learning and Move On courses; students focus on taking the next steps towards independence and work ready skills.
    • Supported Internships and Supported Employment; a personalised model for supporting people with significant disabilities to secure and retain paid employment.

    Refreshments will be available from a student run ‘pop up’ café, while a craft fair will showcase the talents of students on the Supported Internship and Supported Employment programmes.

    Councillor Chris Burden, Cabinet Member for City Development, Jobs and Skills, said: “Our students speak very highly of the various programmes that Adult Education Wolverhampton offer to learners with additional needs, such as the very popular Life Skills programmes, which are helping them develop the skills they need to live as independent a life as possible.

    “The open event next week is a great opportunity to find out more about these courses, and about studying with Adult Education Wolverhampton, so please come along and find out more.”

    For more details, please email katherine.jones@aes.wolverhampton.gov.uk or call 01902 553870, 01902 558163 or 07436 904526.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Xi Jinping sends response letter to responsible person of Danish Chamber of Commerce in China /detailed version-1/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, May 15 (Xinhua) — Chinese President Xi Jinping has responded to the person in charge of the Danish Chamber of Commerce in China by calling on the chamber and its member enterprises to make new contributions to strengthening China-Denmark and China-EU friendship and deepening mutually beneficial cooperation.

    Xi Jinping praised the chamber’s official’s deep affection for China and the confidence of Danish enterprises operating in China in China’s future development.

    China has been, remains and will be an ideal, safe and promising destination for foreign investors. Believing in China means believing in a better future, and investing in China means investing in the future, Xi Jinping said in his response letter.

    Xi Jinping expressed the hope that the Danish Chamber of Commerce in China and its member enterprises will continue to play the role of a bridge between China and Denmark as well as between China and Europe, thereby contributing to strengthening mutual understanding and friendship and deepening mutually beneficial cooperation between the two sides.

    The person in charge of the Danish Chamber of Commerce in China recently wrote a letter to Chinese President Xi Jinping on his own behalf and on behalf of the chamber, congratulating him on the 75th anniversary of the establishment of diplomatic relations between China and Denmark and expressing hope for further deepening cooperation with China. -0-

    MIL OSI Russia News –

  • MIL-OSI China: Bologna beat AC Milan to win the Italian Cup

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

    AC Milan’s Theo Hernandez (R) vies with Bologna’s Riccardo Orsolini during the final football match of Italian Cup between AC Milan and Bologna in Rome, Italy, May 14, 2025. (Photo by Alberto Lingria/Xinhua)

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    MIL OSI China News –

  • MIL-OSI Europe: Piero Cipollone: Harnessing the digital future of payments: Europe’s path to sovereignty and innovation

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the France Payments Forum event “Digital euro and the future of payments in Europe”

    Paris, 15 May 2025

    Thank you for inviting me to discuss the future of payments and the digital euro.

    Most people associate the adoption of the euro with the launch of euro banknotes and coins. While the euro was introduced for accounting purposes in 1999, we tend to feel it only became our money three years later once we started paying in euro cash around Europe. Euro banknotes and coins made the currency the tangible symbol of a united Europe.

    A strong currency also comes in tandem with strong payment systems. We offer payment infrastructures that form the plumbing of the financial system. Though less visible than banknotes and coins, these infrastructures are key to our monetary and financial integration.

    Retail and wholesale payments are hence an integral part of our tasks at the central bank. We issue cash, supply reserves – the ultimate liquid asset – to banks and operate payment systems, thereby supporting our economy by enabling euro area transactions that are secure, risk-free and European. This is what preserves our economic stability and our monetary sovereignty.

    Building on this reliable base, private sector firms can then offer their own solutions, without their customers having to worry about the money they use. One euro is one euro, because private money can be converted to cash at all times and because financial transactions can be settled in central bank money – the only risk-free asset there is.

    So today, I want to focus on how we can make our currency future-proof and enhance the integration, competitiveness and resilience of European payments in the digital era.

    As people increasingly prefer to pay digitally and online commerce expands, the role of cash as a universal payment solution is declining. We thus risk being left without a European solution that allows us to pay throughout the euro area in all situations. To restore the central role of cash, we need to complement physical cash with its digital equivalent, a digital euro. Making central bank money available in digital form might seem like a small and obvious step, but it is in fact an essential one for overcoming the entrenched and longstanding fragmentation of our payment market. The digital euro will achieve this directly by modernising the supply of public money and indirectly through its infrastructure and acceptance network, which private payment service providers can leverage to expand and innovate on a European scale. Ultimately, a digital euro will enhance the competitiveness of European providers and their ability to offer all types of digital payments to European consumers.

    The situation is different for wholesale financial transactions as we already offer settlement in digital central bank money and do not face the same dependencies. However, market participants increasingly expect that tokenisation and distributed ledger technology (DLT) will transform financial transactions by enabling assets to be issued or represented as digital tokens. We are currently expanding our initiative to settle DLT-based transactions in central bank money. By making central bank money available, we avoid the risk of other settlement assets being used, such as US dollar stablecoins, which would reintroduce credit risk, fragmentation and a dependency on non-European solutions.

    We are progressing on the retail and wholesale fronts in parallel. In both cases, Europe needs its own, sovereign money for the digital era, so that it can harness the benefits of integration, innovation and independence. In the words of the late French economist Michel Aglietta, money is not just a technical device, it is an essential institution.[1]

    A digital euro for everyday payments

    Let me first discuss the rationale for the digital euro and the benefits it will bring.

    Currently, cash is the sole sovereign payment method across the euro area. It offers Europeans a convenient, secure and universally accepted way to pay and store value, ensuring financial inclusion. Cash also upholds the resilience of our payment systems and economies, acting as a reliable fallback during crises such as cyberattacks or power outages. This is why we remain strongly committed to cash.[2]

    However, digital payments have gained popularity, with online shopping accounting for more than a third of our retail transactions. This means that acceptance of and access to cash are no longer sufficient to cover a growing share of payment situations. In value terms, cash payments made up only 24% of day-to-day payments in the euro area last year.[3]

    Lacking a genuine European payment solution that works across the euro area, we are left critically dependent on foreign payment providers.[4] Currently, nearly two-thirds of euro area card-based transactions are processed by non-European companies while 13 euro area countries depend entirely on international card schemes or mobile solutions for in-store payments.[5] And even where national card schemes are available, they require co-badging with international card schemes to facilitate cross-border payments within the euro area or online shopping. Moreover, mobile apps and e-payment solutions are dominated by foreign solutions like PayPal, Apple Pay or Alipay. And they partner with international card schemes to further reinforce their position and expand their reach: PayPal has just announced that it will start enabling contactless payments in Germany, using Mastercard technology.[6] Looking ahead, our dependency could soon extend to foreign stablecoins, 99% of which are dollar-denominated in terms of total value.[7]

    As a result, European payments face three significant challenges.

    First, we need to ensure our strategic autonomy and monetary sovereignty. Our overreliance on foreign payment providers makes us dependent on the kindness of strangers at a time of heightened geopolitical tensions. I trust that this risk is well understood in the country of De Gaulle. There is no true sovereignty without sovereign money.[8] As my dear colleague Banque de France governor François Villeroy de Galhau has remarked, this is as true in the 21st century as it was in the past.[9]

    Second, we should simply ask ourselves why there is no Europe-based international card scheme. I would say it’s because we suffer from a lack of competitiveness and innovation. European payment service providers focus on their home country and struggle to compete on a European level, let alone on a global one, limiting their ability to drive large-scale innovation. The cost of investing in a European-wide acceptance network has often discouraged European payment service providers from offering a European card payment solution.

    These failures come at a high price: the dominance of non-European providers stifles competition, leading to higher costs for merchants and consumers. And when transactions are conducted through international card schemes, European banks lose fees. When transactions are made on apps such as Apple Pay or PayPal, they lose fees and data. And if the use of US dollar stablecoins becomes more widespread, the banks could lose, fees, data and deposits.

    Third, user experience is still poor for Europeans, who juggle multiple payment solutions to meet various needs. Despite the euro’s 25-year legacy, we still lack a digital payment solution that can be used across all euro area countries.

    By introducing the digital euro, we aim to tackle these challenges head-on.

    Importantly, the digital euro would make payments more convenient. It would provide a digital payment method that complements cash, extending its benefits into the digital realm. For instance, it would have legal tender status, meaning that it would be accepted wherever one can pay digitally. And it would also be available offline, offering users similar privacy to paying with cash and allowing them to pay even in the absence of a network connection. A digital euro would give European consumers a simple and safe digital payment option, free for basic use, that covers all their payment needs everywhere in the euro area.

    In fact, one simple reason for introducing the digital euro is that people want it. Even at this early stage, surveys show that close to half of respondents would be likely to use the digital euro – a number that has significantly increased over time.[10] This trend is confirmed by several surveys[11] conducted by national central banks which suggest that many Europeans are open to the idea of using a digital euro.

    Launching the digital euro would also ensure that the euro area retains control over its financial future. By offering a secure and universally accepted digital payment option which would be suitable for all use cases – and, crucially, under European governance – it would reduce our dependence on foreign providers. This would protect European merchants from excessive charges, strengthening their bargaining power with those providers and offering an attractive alternative.[12] At the same time, European banks would be able to retain their customer relationship and be remunerated for their role in distributing the digital euro. And the digital euro would limit the likelihood of foreign currency stablecoins becoming widely used for retail payments within the euro area.

    Moreover, the digital euro would be based on a core public-private partnership that would leverage synergies, enabling private initiatives to scale up across the euro area. For instance, domestic card payment solutions could co-badge with the digital euro to cover transactions currently beyond their reach. At the same time, banks’ wallets and internet banking solutions could integrate the digital euro as an alternative way to pay that is accepted throughout the euro area and supports both contactless and QR-based payments.[13] The open digital euro standards – which can be finalised as soon as the regulation on the digital euro is adopted and can start being used even before the digital euro is issued – would facilitate cost-effective standardisation, allowing private providers to launch new products and functionalities on a European scale. This would unlock innovation and create new business opportunities. In fact, research shows that stock prices of European payment firms increase in response to positive announcements on the digital euro, whereas those of US payment firms decrease.[14]

    Last October we issued a call for expressions of interest in innovation partnerships for the digital euro. Some 70 merchants, fintech companies, start-ups, banks and other payment service providers – including four from France[15] – have now joined us in exploring the potential of the digital euro to drive innovation.[16] Our innovation platform simulates the envisaged digital euro ecosystem, in which the ECB provides the technical support and infrastructure for European intermediaries to develop digital payment features and services at European level. One of the areas we are exploring is broadening the set of possible conditional payments, such as making payments dependent on successful delivery of goods or services.

    In July we will release a report on these innovation partnerships. It will include the technical information shared with the participants, enabling the entire market to replicate these activities, thereby further supporting innovation by the private sector. Additionally, based on the positive feedback from the pioneers, we will extend the exercise until the end of June, which will allow us to test new functionalities of conditional payments, incorporating fresh ideas and suggestions from our private sector counterparts.

    The digital euro’s success in reclaiming our autonomy in the retail payment space and boosting innovation capacity hinges on collaboration. In recent years we have engaged extensively with market stakeholders, gathering input from consumers, merchants, banks and payment service providers. We have also started working with market participants on the digital euro rulebook – a single set of rules, standards and procedures for digital euro payments.[17]

    This inclusive approach helps us to address everyone’s needs and perspectives, crafting a robust payment solution and platform that will benefit all Europeans, support private sector innovation and preserve the future of our money – the euro.

    The role of central bank money in shaping a European market for digital assets

    Let me now turn to wholesale transactions, a domain where technology holds tremendous potential for transformation.

    Currently, we facilitate transactions between financial institutions through our TARGET Services: T2 processes over 90% of large payments, while T2S handles securities transactions.

    These services have significantly enhanced the efficiency and integration of post-trade platforms in Europe. And we plan to continue improving them: in 2023 we extended T2 operating times to 22.5 hours on weekdays and we are about to launch a consultation paper investigating stakeholder needs and their interest in a further extension of operating hours. In a month’s time we will also launch the European Collateral Management System, which will provide a single, harmonised framework for handling collateral in the 20 euro area countries.[18] And in October 2027 we will move to T+1, shortening the settlement cycle from two days to one. Meanwhile, emerging technologies such as DLT and tokenisation have the potential to bring about a step change in wholesale markets.

    These technologies are no incremental improvement: they represent a fundamentally new way of operating by allowing assets to be issued or represented in digital token form. This innovation would enable market participants to manage trading, settlement and custody on a single platform, available 24/7, 365 days a year. It would also synchronise trading and settlement. And it would enable new business models, as tokenised money can be used to automate conditional transactions. DLT and tokenisation could also reduce the cost and barriers to access capital markets, in particular for small and medium-sized enterprises.

    In fact, the emergence of these new technologies is an opportunity to establish an integrated European capital market for digital assets from the outset – a digital capital markets union – which would contribute to better channelling our savings into productive uses and boosting Europe’s innovation potential.[19] It could help European capital markets to become a hub for DLT-based financial services.

    European banks are active in this space, with over 60% exploring or using DLT and 22% already implementing DLT applications. On the securities front, there is a growing number of high-profile issuances on DLT.

    The availability of central bank money for settling transactions using these new technologies is crucial for two reasons. First, without central bank money, other settlement assets like stablecoins or tokenised deposits may be used, reintroducing credit risks and fragmentation into the financial system. Second, the market views the ability to settle in central bank money as a key factor in adopting new technologies.

    Last year the Eurosystem conducted exploratory work with DLT for settling wholesale transactions in central bank money, using three different solutions to ensure interoperability between our infrastructures and market DLT platforms.[20] The results were highly promising, with 60 industry participants settling real transactions in central bank money or conducting experiments with mock transactions. A wide range of securities and payments use cases were covered, including the first issuance of an EU sovereign bond using DLT. A total of €1.6 billion was settled over a six-month period, exceeding values settled in comparable initiatives in other parts of the world.

    As the next step, we have already announced plans to provide a solution to settle DLT-based transactions in central bank money in the short term.[21] Looking further ahead, the Eurosystem will explore a more integrated, long-term solution. A critical risk is indeed that DLT application fragmentation and a lack of interoperability could hinder the development of liquid DLT-based markets in Europe, imposing high costs on investors and issuers connecting to multiple platforms. So we need to create a more harmonised and integrated ecosystem.

    One way to achieve this would be to move towards a shared ledger: a programmable platform bringing together token versions of central bank money, commercial bank money and other assets, on which market players can provide their services. Another option could be the coordinated development of an ecosystem of fully interoperable technical solutions, which might better serve specific use cases and enable the coexistence of both legacy and new solutions.

    This approach will help us enhance the efficiency of European financial markets through innovation, aligning with the Eurosystem’s goal of achieving a more harmonised and integrated European financial system.

    However, we cannot do this alone. As we enter this new exploration phase, collaboration with public and market stakeholders will be crucial.

    Conclusion

    Let me conclude.

    The journey toward a digital euro and the integration of new technologies in wholesale transactions represents a pivotal moment for Europe. By embracing these innovations, we can strengthen our monetary sovereignty, enhance our competitiveness and pave the way for a more integrated and resilient financial system.

    The digital euro will ensure that Europeans have access to a secure, reliable and universally accepted digital payment solution that complements cash while reducing our reliance on foreign providers. Meanwhile, leveraging central bank money in DLT-based transactions will foster a dynamic and unified digital asset market, driving innovation and unlocking new business opportunities across the continent.

    In this transformative era, collaboration is key. We must bring together all stakeholders – public and private, national and European – to craft solutions that reflect the diverse needs and perspectives of all Europeans. Together, we can harness these technological advancements to build a financial ecosystem that is not only more efficient and innovative but also more inclusive and secure.

    We have inherited a united Europe and a currency embodying this unity. Our legacy should be European sovereignty and a euro that is fit for the future. This is our collective responsibility, in the public and private sector alike.

    Thank you for your attention.

    MIL OSI Europe News –

  • MIL-Evening Report: The new leader of the Greens sits in the Senate. Why is that so unusual in Australian politics?

    Source: The Conversation (Au and NZ) – By Anne Twomey, Professor Emerita in Constitutional Law, University of Sydney

    The 2025 federal election resulted in some unexpected outcomes, including the loss by the Greens Leader, Adam Bandt, of his seat in the House of Representatives. The new Greens leader is Senator Larissa Waters.

    Does it matter that a party leader sits in the Senate, and why do the leaders of major parties almost always come from the lower House?

    The answer is that by convention, rather than an express constitutional requirement, the prime minister sits in the lower house of parliament. Parties with aspirations to form government therefore choose leaders from among their members in the lower house.

    Prime ministers in the House of Lords

    Historically, in the United Kingdom, prime ministers could sit in either house. In the 19th century, most prime ministers sat in the House of Lords, and two started in the House of Commons and ended their prime ministership in the Lords.

    But in the 20th century, the convention developed of the prime minister holding a seat in the House of Commons.

    This was for three reasons. First, as a matter of practicality, the House of Commons is where the main work of government occurs, and the prime minister’s involvement is needed.

    Second, according to convention, the monarch appoints as prime minister the person who commands the confidence of the lower house, which is hard to do from outside it.

    Third, the House of Lords is not elected, and therefore does not have a democratic mandate. It ceased to be acceptable in the United Kingdom for an unelected person to govern as prime minister.

    When the Conservative prime minister, Harold Macmillan, resigned suddenly for health reasons in 1963, Lord Home was appointed as Conservative Party leader and prime minister. He renounced his earldom and then ran successfully in a byelection for a seat in the House of Commons.

    A prime minister in the Senate?

    In Australia, the position is different because the Senate is elected by the people. A senator can therefore be regarded as having a democratic mandate, although he or she represents a state, rather than being elected by a particular electorate.

    Section 64 of the Commonwealth Constitution requires ministers to be either a member of the House of Representatives or the Senate, with a three month leeway period to become elected. But it does not require that the prime minister sit in the House of Representatives. It is instead a matter of custom, practicality and convention.

    When the prime minister, Harold Holt, went missing while swimming in the ocean in December 1967, the Liberal Party chose Senator John Gorton as its new leader.

    Gorton was appointed prime minister on January 10 1968, despite being a Senator, but resigned from the Senate on February 1 1968 and was elected to fill the vacancy in Holt’s lower House seat on February 24.

    Gorton was therefore prime minister while being a Senator for three weeks, and prime minister without a seat in parliament at all for just over three weeks. It was generally accepted that as prime minister, he should sit in the lower house.

    Premiers in state upper houses

    At the state level, premiers have sometimes sat in the upper house, at least for a short period.

    One notable example is that of Hal Colebatch in Western Australia. In 1919, Colebatch, who was a member of the Western Australian Legislative Council, was acting premier, while the premier, Henry Lefroy, was at a conference in Melbourne. There was an outbreak of Spanish flu in the eastern states. In scenes reminiscent of the COVID pandemic, Colebatch gained immense popularity by slamming shut the state border. His own premier was even prevented from returning home.

    Lefroy eventually resigned as premier, and Colebatch replaced him, despite sitting in the Legislative Council. But Colebatch did not last long in the job. He tried, but failed, to find a lower house seat to move to. In addition, his health was failing, as was his popularity after rioting during a wharf strike led to the death of a worker. So Colebatch resigned as premier, having spent his entire premiership as a member of the Legislative Council.

    In New South Wales, when the Labor premier, Neville Wran, surprised his colleagues by resigning in May 1986, the party elected Barrie Unsworth as its leader.

    Unsworth was a member of the Legislative Council. He was nonetheless appointed as premier. A Labor backbencher in the Legislative Assembly resigned to allow Unsworth to contest his safe Labor seat. Despite a large swing against him, Unsworth narrowly won the seat by 54 votes and continued as premier until 1988.

    Leaders of major and minor parties

    The main problem with a prime minister or premier sitting in the upper house is that the government is formed from the lower house, and the prime minister or Premier must be the person who holds its confidence. This is difficult when there is no direct accountability to the lower house, as it cannot question a prime minister or premier who sits in the other house.

    For this reason, parties that could potentially win government will ordinarily choose a leader from among their members in the lower House, and politicians with leadership ambition will often seek to transfer from the upper to the lower house to enhance their chances to lead.

    Due to the Senate’s proportional voting system, minor parties are more likely to have greater numbers in the Senate than the House of Representatives. It is therefore logical that their leadership should come from the Senate, especially when they are unlikely to have the numbers in the lower House to form a government. But for major parties, their leader is ordinarily chosen from among the members of the House of Representatives, in case government beckons.

    Anne Twomey has received funding from the ARC and sometimes does consultancy work for Parliaments, governments and inter-governmental bodies.

    – ref. The new leader of the Greens sits in the Senate. Why is that so unusual in Australian politics? – https://theconversation.com/the-new-leader-of-the-greens-sits-in-the-senate-why-is-that-so-unusual-in-australian-politics-256578

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Europe: EUROPE/UKRAINE – Father Luca Bovio, IMC, at the head of the newly established national direction of the Pontifical Mission Societies

    Source: Agenzia Fides – MIL OSI

    Wednesday, 14 May 2025

    Vatican City (Agenzia Fides) – Cardinal Luis Antonio G. Tagle, Pro-Prefect of the Dicastery for Evangelization (Section for First Evangelization and New Particular Churches), appointed Father Luca Bovio, IMC, as director of the national direction of the newly established Pontifical Mission Societies (PMS) in Ukraine on March 25, 2025, for the five-year period 2025-2030.Born in Milan on October 19, 1970, Father Bovio experienced missionary volunteering as a lay person in Tanzania before joining the Consolata Missionaries in 1996. He completed his philosophical studies at the Interdiocesan Theological Study of Fossano, affiliated with the Faculty of Theology of Northern Italy (1998-2000), and his theological studies at the Pontifical Urbaniana University in Rome (2001-2004). He was ordained a priest in Milan in 2006. He obtained a degree in Dogmatic Theology from the Pontifical Gregorian University (2005-2007). In 2008, together with two confreres, he founded the first community of Consolata Missionaries in Poland.Since 2012, he has served as National Secretary of the Pontifical Missionary Union within the Polish PMS, playing a key role in organizing missionary congresses and in the formation of local clergy. He has been responsible for the Kielpino community since 2013 and has also been the Province’s Delegate to the Conference of Major Superiors of Poland.In 2019, he obtained his doctorate in Missiology at the University named after Cardinal Stefan Wyszyński in Warsaw. Since the beginning of the war in Ukraine, Father Bovio has visited the country many times, providing humanitarian support to several dioceses and strengthening his ties with the local Church. (EG) (Agenzia Fides, 14/5/2025)
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    MIL OSI Europe News –

  • MIL-OSI Russia: NPC Standing Committee Vice Chairman Li Hongzhong Visits Austria

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    VIENNA, May 15 (Xinhua) — A Chinese delegation led by Li Hongzhong, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and vice chairman of the Standing Committee of the National People’s Congress (NPC Standing Committee), visited Austria from May 11 to 14.

    In Vienna, he attended a welcoming ceremony for the new pair of giant pandas along with Austrian President Alexander Van der Bellen and Chancellor Christian Stocker. Li Hongzhong also held separate talks with the President of the Austrian National Council (lower house of parliament) Walter Rosenkranz, Second President Peter Haubner and Third President Doris Bures.

    The China-Austria friendly strategic partnership continues to develop smoothly under the leadership of the two heads of state, the vice-chairman of the NPC Standing Committee said. The new round of international cooperation on the protection and research of giant pandas reflects the results of exchanges between the two countries, he added.

    Adhering to the principles of mutual respect and equal treatment, China and Austria should take into account each other’s core interests and concerns, unleash the potential of cooperation and promote mutual benefit and win-win results, Li Hongzhong said.

    According to him, the NPC is willing to strengthen exchanges with the Austrian National Council at all levels and in all fields to promote the development of relations between the two countries.

    The Austrian side said that Vienna values friendly relations with Beijing, will firmly adhere to the one-China principle, and continuously promote practical Austrian-Chinese cooperation and exchanges between the legislative bodies of the two countries. –0–

    MIL OSI Russia News –

  • MIL-OSI: JLT Mobile Computers launches JLT6015, an industry-first rugged vehicle-mount computer with a 15” full HD widescreen

    Source: GlobeNewswire (MIL-OSI)

    Image description: JLT6015 
    Image available: pr@jltmobile.com

    Setting a new benchmark, JLT6015 is the first rugged vehicle-mount computer to feature a 15-inch full high-definition widescreen display that delivers exceptional clarity and visual detail. Built for increased durability and productivity in the toughest environments, its compact and rugged design is ideal for mining, agriculture, sawmills, and container terminals.

    Växjö, Sweden, 15thMay 2025 * * * JLT Mobile Computers, a leading developer and supplier of reliable computers for demanding environments, introduces the JLT6015 vehicle-mount computer, as the first of its kind to combine a superior full high-definition display resolution of 1920 x 1080 pixels and a 16:9 widescreen aspect ratio in a compact, rugged form factor. Designed for reliable performance in harsh and space-constrained environments, it gives operators the visibility and performance needed to stay productive in the field.

    Builds on a pioneer: JLT6012

    Built on the innovation of the JLT6012 computer, JLT6015 represents the next evolution and complements JLT’s portfolio. The JLT6012 computer was the first in a new generation of rugged vehicle-mount computers with an innovative platform concept, collaborating with developers and customers to address customer requirements. JLT6015 continues that legacy with enhanced programmability, embedded microelectromechanical systems (MEMS), including a gyro and accelerometer, and the ability to support custom solutions that improve workflow efficiency, uptime, safety, and more.

    Enables performance, security, and connectivity

    Equipped with Windows 11 IoT Enterprise LTSC operating system and certified for carrier-grade 5G in Europe and Wi-Fi 6E for enhanced security and connectivity, the JLT6015 computer delivers high-performance computing power with the reliability needed in harsh environments. The operating system’s split-screen capability allows simultaneous monitoring of systems such as equipment diagnostics, navigation, and multiple data and video streams, optimizing uptime and operations.

    Rugged and durable in any condition

    Engineered as a one-piece, dock-free solution, the JLT6015 is shock—and vibration-proof, weather-resistant, and sunlight-readable (up to 1000 NIT). With the user-friendly and virtually unbreakable capacitive JLT PowerTouch technology, the JLT6015 is operable while wearing gloves. The multi-touch display functionality with two-finger zoom, pinch, swipe, etc., makes the operator’s workday smoother and efficient. Its compact design is optimized to fit into tight vehicle cabins without compromising functionality.

    “We have listened carefully to our customers’ needs and responded by enhancing our JLT6012 computer,” says Per Holmberg, CEO of JLT Mobile Computers. “With the launch of the JLT6015, we are strengthening our position as a leader in rugged computing solutions, harnessing the full potential of the latest software applications and opening new opportunities to boost productivity – particularly in the mining, agriculture, and sawmill industries.”

    Key highlights of JLT6015

    • Brilliant 15” Full HD Display: High-resolution widescreen supports simultaneous video, data, and text with exceptional clarity.
    • Compact, Ruggedized Design: Fits tight spaces and thrives in extreme conditions, with a glove-friendly touchscreen and 1000 NIT brightness.
    • Dock-Free Simplicity: One-piece construction avoids downtime from docking station failures—reliable, efficient, and always ready.
    • Future-Ready Platform: Equipped with Trusted Platform Module security, programmable I/O, 5G, Wi-Fi 6E, and Windows 11 IoT for long-term flexibility and performance.
    • Real time operational data: Embedded sensors delivering critical operational data regarding vehicles, IT-devices, and network/access points

    For more information and technical specifications visit JLT6015 on our website. 

    To learn more about JLT Mobile Computers and the company’s products, services, and solutions, visit jltmobile.com. Financial information is available on JLT’s investor page.

    About JLT Mobile Computers

    JLT Mobile Computers is a leading developer and supplier of rugged mobile computing devices and solutions for demanding environments. 30 years of development and manufacturing experience have enabled JLT to set the standard in rugged computing, combining outstanding product quality with expert service, support and solutions to ensure trouble-free business operations for customers in warehousing, transportation, manufacturing, mining, ports and agriculture. JLT operates globally from offices in Sweden, France, and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and the share has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at jltmobile.com.

    The MIL Network –

  • MIL-OSI: IFS selects TomTom’s location technology to enhance planning and scheduling solutions

    Source: GlobeNewswire (MIL-OSI)

    AMSTERDAM, Netherlands, May 15, 2025 (GLOBE NEWSWIRE) — TomTom (TOM2), the location technology specialist, today announced that it has been selected by IFS, the leading provider of enterprise cloud and Industrial AI software, to enhance their Planning and Scheduling Optimization (PSO) platform, delivering precise route calculations and travel time estimations across asset- and service-intensive industries globally.

    IFS’ PSO solution addresses the various challenges associated with Field Service Management by efficiently processing customer requests, such as emergency repairs, installation appointments, and planned maintenance. By integrating TomTom’s maps, traffic data, and routing algorithms into its proprietary, Industrial AI-fueled PSO solution, IFS can better account for and optimize travel distances, costs, value, and time. As such, the PSO solution delivers enhanced plans that include staff assignments, work shifts, and travel costs, while also facilitating ad-hoc planning, long-term staffing strategies, and ‘what-if’ scenario analyses to proactively address potential challenges and boost efficiency. By using these plans, supported with TomTom’s location technology, field service teams minimize drive times, fuel costs, and emissions, while increasing their schedules’ adaptability to changing traffic conditions and spontaneous requests. This ensures that businesses maintain high service levels and great customer satisfaction.

    “IFS proudly empowers complex asset- and service-centric organizations worldwide to deliver faster and smarter customer service, with data-led insights and Industrial AI at the core of our solution,” said Christian Pedersen, Chief Product Officer, IFS. “Through our collaboration with TomTom, we significantly improve the consistency and reliability of our mapping data, leading to greater automation, enhanced efficiency, and better service outcomes for customers.”

    “Our location data is a crucial element in helping IFS lead the field in service optimization,” said Mike Schoofs, Chief Revenue Officer, TomTom. “TomTom’s robust global map coverage, highly accurate, traffic-aware routing services, and historical traffic patterns significantly enrich the planning experience for IFS customers and help them enhance their operations.”

    About TomTom: 

    Billions of data points. Millions of sources. Thousands of communities.

    We are the mapmaker bringing it all together to build the world’s smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward.

    Headquartered in Amsterdam with 3,600 employees around the globe, TomTom has been shaping the future of mobility for over 30 years.

    www.tomtom.com

    About IFS:

    IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.

    IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.

    IFS was founded in 1983 by five university friends who pitched a tent outside our first customer’s site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognised worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.

    For further information: 

    Media Relations 

    mediarelations@tomtom.com 

    Investor Relations 

    ir@tomtom.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/047a817a-fc23-460f-9d03-af04009261e2

    The MIL Network –

  • MIL-Evening Report: As the Latrobe Valley moves away from coal jobs, could a green worker’s cooperative offer a solution?

    Source: The Conversation (Au and NZ) – By Gregory Patmore, Emeritus Professor of Business and Labour History, University of Sydney

    Workers at Earthworker Energy Manufacturing Co-op

    Worker cooperatives may sound like something out of the 19th century, but they still exist in the age of global capitalism.

    In Spain, for instance, the Mondragon Corporation is a huge worker-run cooperative based around 95 collectives – the largest cooperative in the world.

    Worker cooperatives produce products or services. But they are run very differently. Workers can become members of the cooperative they work for by buying a share of the business. This gives them a vote in how the business is run and a share of net income, after costs have come out.

    Co-ops do not have external shareholders – the profits stay with workers. Rather than bosses deciding and workers carrying out the tasks, worker cooperatives are based on democratic principles. Big decisions are discussed and then voted on, and each member gets one vote. They offer a direct way for workers to control their production and shape the economy.

    In Australia, these models peaked in the 1980s. Most are gone, though a few older cooperatives are still running, such as Tasmanian recycling cooperative Resource Work Collective, founded in 1993.

    In recent years, there’s been renewed interest in the model. The Earthworker cooperative network focused on Victoria’s Latrobe Valley. The goal: find new types of employment and products in a coal area undergoing transition.

    Coal plants in the Latrobe Valley provided jobs for generations of workers. Their closure poses real challenges. Pictured: worker hardhats left on the fence at Hazelwood Power Station after it closed in 2017.
    Dorothy Chiron/Shutterstock

    How well does the model work?

    Mondragon is the most well-known example. Founded in 1956 in the Basque region of northern Spain, Mondragon grew and became self-sustaining. It has developed supporting institutions such as research and development companies and even a university. It also established a credit union, which attracted capital and provided loans to cooperatives.

    While Mondragon is a successful example, these organisations face a number of barriers to their survival.

    Critics have argued worker cooperatives tend to fail as workers do not understand the market for their products, but Mondragon undercuts this criticism.

    Worker cooperatives can have difficulties raising capital. Some banks can be reluctant to invest as they may lack familiarity or sympathy with the model.

    Instead, workers may put some or all of their savings into the organisation to get it started. Taking these kinds of risks means some workers may be focused on getting immediate rewards, rather than investing surplus funds or building up cash reserves.

    Workers can sometimes choose to transform a successful cooperative into a capitalist enterprise to achieve greater capital gains.

    Surprisingly, trade unions are generally hostile and suspicious of worker cooperatives. Union organisers may fear worker-owners could see little need for trade unions in representing their interests, or that cooperatives could undercut union wages and conditions to remain competitive.

    To date, worker cooperatives have had a limited impact in Australia, despite the relatively strong historical position of workers.

    Compared to member cooperatives and other types, worker’s cooperatives tend to be short lived in Australia. That’s because most were formed by workers after an industrial dispute or to maintain employment during economic downturns.

    In 1987, for instance, workers retrenched by a major communications company decided to form a co-op which became the Electronic Service Centre in Fairfield, New South Wales. A later example is Abrasiflex, a NSW company bought by workers facing retrenchment in 1993. Both cooperatives failed by the early 2000s.

    Their popularity peaked in the 1980s, when the model was promoted by state Labor governments. Policymakers saw them as a short term means to resolve unemployment, rather than a long term means to secure economic democracy.

    The model lost traction in the early 1990s due to an economic downturn, capital shortfalls and changing political circumstances.

    New energy

    The idea for Earthworker came from discussions between unionists and environmentalists over job creation and the environment. Earthworker founders were influenced by the Green Bans.

    As the project’s website states:

    Conflict can occur between environmentalists who want to shut down certain industries, and unionists who want to protect jobs […] we should work together for a “just transition” and create jobs that aren’t just better for the earth, but for workers too.

    In this respect, Earthworker has much in common with the Cleveland Model in the United States, which links green business, local economic development and fair labour practices.

    Earthworker only formally became a cooperative in 2011, though discussions date back to the late 1990s. In 2016, the network bought a hot water tank manufacturer in Morwell and began making their own tanks and solar hot water systems as the Earthworker Energy Manufacturing Co-operative. The cooperative is aimed at helping the Latrobe Valley’s transition away from coal power jobs.

    Morwell and other Latrobe Valley towns are losing coal jobs. But new industries and business models are emerging.
    AustralianCamera/Shutterstock

    Earthworker promotes the payment of trade union wage rates and conditions. The goal is to build a network of cooperatives supporting each other to build economies of scale.

    Their other cooperatives include Earthworker Construction (residential construction, landscaping and maintenance) and Earthworker Smart Energy (improving thermal efficiency and comfort in homes). These cooperatives are generally small, with 10 members or fewer.

    Another cooperative, Redgum Cleaning, closed down in 2023. It was not viable due to staff shortages, increased costs and work cancellations during the pandemic. Paying union rates in a competitive industry also assisted its demise.

    By contrast, the Earthworker Energy Manufacturing Co-operative has found a way to survive in a competitive market.

    Niche or mainstream?

    Australian worker cooperatives ensure manufacturing and services remain locally owned and controlled. Could they expand? It’s possible.

    Capital remains a major issue for Australian worker cooperatives such as Earthworker. Without capital, it’s hard to scale. Government efforts to expand domestic manufacturing often overlook this model.

    The Earthworker network points to one future for Australian worker cooperatives. Despite the failures of the past, Earthworker’s focus on building a network of sustainable businesses rather than a single cooperative is a promising path.

    Gregory Patmore has received funding from the Australian Research Council and the Business Council of Co-operatives and Mutuals.

    – ref. As the Latrobe Valley moves away from coal jobs, could a green worker’s cooperative offer a solution? – https://theconversation.com/as-the-latrobe-valley-moves-away-from-coal-jobs-could-a-green-workers-cooperative-offer-a-solution-245850

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Xi replies to founder of Danish Chamber of Commerce in China

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

    BEIJING, May 15 — Chinese President Xi Jinping has replied to a letter from the founder of the Danish Chamber of Commerce in China, encouraging the chamber and its member enterprises to make new contributions to enhancing China-Denmark and China-Europe friendship and deepening mutually beneficial cooperation.

    Xi expressed appreciation for the founder’s deep affection for China and the confidence of Danish enterprises in China regarding the country’s future development.

    China has been and will remain an ideal, secure and promising destination for foreign investors. Believing in China is believing in a better tomorrow, and investing in China is investing in the future, Xi said in the letter.

    Xi expressed his hope that the Danish Chamber of Commerce in China and its member enterprises will continue to play the role of a bridge between China and Denmark as well as China and Europe, and contribute to enhancing mutual understanding and friendship, as well as deepening mutually beneficial cooperation between the two sides.

    Recently, the founder wrote to President Xi in both his personal and chamber capacities, congratulating on the 75th anniversary of the establishment of diplomatic relations between China and Denmark and expressing the hope to continue deepening cooperation with China.

    MIL OSI China News –

  • MIL-OSI China: Viennese welcome panda pair from China

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

    Children welcome a giant panda pair from China at Schoenbrunn Zoo in Vienna, Austria, May 14, 2025. [Photo/Xinhua]

    A welcoming ceremony for a pair of Chinese giant pandas took place in Vienna’s Schoenbrunn Zoo on Wednesday, marking the official start of a decade-long stay in the Austrian capital of the panda pair for scientific research purposes and as friendship envoys.

    The two giant pandas — male He Feng and female Lan Yun — arrived in Austria on April 23.

    Addressing the ceremony, Austrian President Alexander Van der Bellen said giant pandas are a symbol of the friendship between his country and China. The cooperation on giant panda protection like this creates trust and brings nations closer together.

    Van der Bellen said that he is very happy to officially welcome the giant pandas to the new home and that the Chinese giant panda is deeply loved by the Austrian people.

    Chinese Ambassador to Austria Qi Mei attended the ceremony.

    As part of the ceremony, the Schoenbrunn Zoo staged a traditional Chinese lion dance performance to celebrate the panda pair’s arrival, to the cheers of the audience. Among the crowds were dozens of local school children holding signs reading “Warmly Welcome” to demonstrate their love for the Chinese giant panda.

    The panda pair’s arrival marks the latest 10-year round of the scientific collaboration between China and Austria on giant panda conservation, which started in 2003. The past years of cooperation saw the birth of five panda cubs in Austria, a record for Europe on breeding, alongside achievements made in disease control, staff training and public education. 

    MIL OSI China News –

  • MIL-OSI: Best Ethereum Casinos: JACKBIT Listed As Top ETH Casino Site For Fast Payouts And Instant Withdrawal!

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 15, 2025 (GLOBE NEWSWIRE) — JACKBIT has earned its reputation as the best Ethereum casino through a rigorous evaluation by iGaming experts. Assessed across critical player-focused criteria, JACKBIT delivers a seamless, secure, and rewarding experience. Whether you’re looking to gamble with Ethereum or explore the best Ethereum gambling site, JACKBIT stands out for its innovation and dedication to players.

    <<>>

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    In 2025, JACKBIT elevated the Ethereum casino experience by delivering lightning-fast ETH payouts, full mobile compatibility, and a loyalty program designed to reward every level of play- all while maintaining top-tier privacy, fairness, and a vast selection of games that appeal to both casual users and high rollers.

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    The platform’s proactive approach to responsible gambling includes monitoring for problematic patterns and offering prompt support. This commitment builds trust among players seeking a safe ETH casino.

    No-KYC Benefits

    The no-KYC policy is a game-changer, allowing players to enjoy instant withdrawals and full anonymity. This feature, combined with fast crypto payouts, makes JACKBIT a top choice for privacy-conscious players among the best Ethereum casinos online. The streamlined registration process further enhances accessibility.

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    Community Engagement

    JACKBIT fosters a vibrant community through:

    • Social Media Bonuses: Free spins and cash rewards for engaging on Twitter and Telegram.
    • Tournaments: Competitive slot and table game events with leaderboards and prize pools.
    • Player Feedback: Positive reviews on platforms like Trustpilot and AskGamblers highlight community trust.

    This engagement creates a dynamic and interactive experience, making JACKBIT a top Ethereum gambling site. The social media bonuses encourage players to stay connected, adding value to their gaming journey.

    VIP and Loyalty Program

    JACKBIT’s VIP program rewards dedicated players with tailored benefits:

    • Up to 30% Rakeback based on loyalty tier.
    • Exclusive bonuses, including free spins, deposit matches, and tournament entries.
    • Priority support with dedicated account managers.
    • Higher withdrawal limits for high rollers.

    Players earn points through wagers, progressing through tiers for better perks. This program enhances the value of playing at one of the best Ethereum casinos for players, ensuring loyal users are well-rewarded.

    The VIP program’s scalability makes it accessible to both casual players and high rollers, offering incentives at every level. This inclusivity is a key strength of JACKBIT’s loyalty system.

    Cryptocurrency Integration

    JACKBIT’s support for over 17 cryptocurrencies, including Ethereum, positions it as a leader in crypto gambling. The platform’s seamless integration of blockchain technology ensures secure and transparent transactions. Players can deposit and withdraw using Ethereum with zero fees, making JACKBIT a top ETH casino.

    The platform also supports emerging cryptocurrencies, catering to tech-savvy players. This forward-thinking approach keeps JACKBIT at the forefront of the best Ethereum casino sites.

    User Interface and Navigation

    JACKBIT’s intuitive user interface simplifies navigation, allowing players to find games, promotions, and support effortlessly. The clean design and fast load times enhance the experience, making it ideal for both new and experienced players. This user-friendly approach is a hallmark of the best Ethereum casinos online.

    The platform’s search and filter tools make it easy to explore the 7,000+ game library, ensuring players can quickly access their favorites. This attention to usability sets JACKBIT apart.

    Global Accessibility

    With multilingual support and a mobile-optimized platform, JACKBIT serves players worldwide. The casino’s global reach, combined with its crypto-friendly features, makes it a top choice for international players seeking the best Ethereum gambling site. The Curacao license further enables JACKBIT to operate in multiple jurisdictions.

    Exploring JACKBIT’s Game Categories in Depth

    • Slots: A World of Spins

    JACKBIT’s slot collection, with over 5,000 titles, ranges from classic fruit machines to modern video slots like Gold Party and Chilli Heat. Progressive jackpots like Mega Moolah and Divine Fortune offer life-changing payouts. Regular tournaments and free spins promotions make slots a core part of the best Ethereum casinos’ appeal.

    The variety of themes and mechanics, from high-volatility games to low-stakes options, ensures every player finds something to enjoy. This diversity solidifies JACKBIT’s position as a top ETH casino.

    • Table Games: Strategy and Skill

    For players who enjoy strategy, JACKBIT offers a robust selection of table games. Blackjack variants like Power Blackjack and Infinite Blackjack provide low house edges, while roulette options like Lightning Roulette add excitement with multipliers. Poker fans can play Texas Hold’em or Caribbean Stud, and craps brings fast-paced dice action. These games cater to both casual and seasoned players, reinforcing JACKBIT’s status as a trusted Ethereum casino gaming platform.

    The table games section is regularly updated with new variants, keeping the experience fresh. This commitment to innovation is a key strength of the best Ethereum casino sites.

    • Live Dealer Games: Real Casino Vibes

    JACKBIT’s live dealer section, powered by Evolution Gaming and Pragmatic Play, delivers an authentic casino atmosphere. Live Blackjack and Live Roulette offer multiple tables for all budgets, while game shows like Dream Catcher and Mega Wheel add interactive fun. High-definition streaming and real-time chat create an immersive experience, making JACKBIT a leader among the best Ethereum casinos for live gaming.

    The live dealer games are available 24/7, ensuring players can enjoy a real casino experience anytime. This accessibility enhances JACKBIT’s appeal.

    • Sportsbook: Betting Beyond the Casino

    JACKBIT’s sportsbook covers traditional sports like football and basketball, as well as niche options like cricket and e-sports. With 82,000+ live events and 4,500+ betting types, players can wager on everything from moneylines to prop bets. Live streaming for select events enhances the experience, making JACKBIT a top Ethereum casino for sports betting enthusiasts.

    The sportsbook’s integration with the casino platform allows seamless transitions between gaming and betting, offering a unified experience. This versatility is a major draw for players.

    • Specialty Games: Casual Fun

    JACKBIT’s specialty games cater to players seeking low-stakes entertainment. Bingo titles like Shamrock Bingo and Burning Pearl Bingo offer quick play, while scratch cards provide instant-win thrills. Crypto-friendly mini-games like Aviator and Plinko are popular for their simplicity and high RTPs, adding diversity to the best Ethereum gambling site.

    These games are perfect for players looking to unwind, offering a relaxed alternative to high-stakes gaming. Their inclusion broadens JACKBIT’s appeal.

    • Virtual Sports: 24/7 Action

    Virtual sports at JACKBIT include simulated events like virtual football and horse racing, powered by advanced algorithms for realistic graphics and quick results. Available 24/7, these games offer constant betting opportunities, making JACKBIT a versatile platform for all types of gamblers seeking Ethereum casino gaming.

    The virtual sports section is ideal for players who enjoy fast-paced betting, complementing the casino’s broader offerings. This variety strengthens JACKBIT’s position among top Ethereum casinos.

    The Future of Ethereum Casino Gaming with JACKBIT

    Since its launch in 2022, JACKBIT has rapidly become a frontrunner among the best Ethereum casinos. Its integration of 17+ cryptocurrencies and provably fair games positions it as a trailblazer. The no-KYC policy and instant payouts cater to the growing demand for privacy and speed, ensuring JACKBIT remains a leader in Ethereum casino gaming.

    As the crypto gambling market evolves, JACKBIT plans to expand its game library, introduce new promotions, and enhance its platform. The casino’s commitment to innovation and player satisfaction makes it a reliable choice for both new and experienced players seeking the best ETH online casino.

    JACKBIT is also exploring emerging technologies like blockchain-based loyalty programs and decentralized gaming features, which could further revolutionize the industry. This forward-thinking approach keeps JACKBIT ahead of the curve.

    Comparing JACKBIT to Competitors

    To understand why JACKBIT leads among the best Ethereum casinos, consider its advantages over competitors:

    • Game Library: JACKBIT’s 7,000+ titles and 85 providers offer unmatched variety.
    • No-KYC Policy: Instant withdrawals without verification are a rare feature.
    • Payout Speed: Instant crypto payouts surpass platforms with slower processing times.
    • Bonuses: The 30% Rakeback and weekly giveaways provide superior value.

    These strengths highlight why JACKBIT is the best Ethereum casino for 2025. While competitors offer strong features, JACKBIT’s combination of privacy, speed, and variety sets it apart.

    Tips for Maximizing Your JACKBIT Experience

    To get the most out of JACKBIT, consider these strategies:

    • Claim All Bonuses: Start with the welcome offer and stay active to unlock weekly giveaways and VIP rewards.
    • Explore the Game Library: Try different categories, from slots to live dealer games, to find your favorites.
    • Use Cryptocurrencies: Ethereum deposits and withdrawals are faster and fee-free, enhancing your experience at this top Ethereum casino.
    • Engage on Social Media: Follow JACKBIT on Twitter and Telegram for exclusive bonuses.
    • Set Limits: Use responsible gambling tools to manage your spending and play safely.

    These tips will help you fully enjoy the best Ethereum casinos online. Staying active and exploring all features ensures a rewarding experience.

    Conclusion: JACKBIT – The Best Ethereum Casino

    JACKBIT’s unique blend of no-KYC gaming, instant Ethereum payouts, and a vast game library makes it unmatched. Its player-centric features, from generous bonuses to robust security, ensure a rewarding and safe experience. The Curacao license, backed by transparency and responsible gambling tools, builds trust among players seeking the best Ethereum gambling site.

    As a relatively new platform, JACKBIT has quickly established itself as an innovator, offering a seamless experience for casual players and high rollers alike. Its global accessibility and vibrant community make it the best Ethereum casino for 2025 and beyond.

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    Frequently Asked Questions About The Best Ethereum Casinos

    1. Can I play at JACKBIT without verifying my identity?

    Yes, JACKBIT supports anonymous crypto gaming with no mandatory KYC for most withdrawals, ensuring full privacy.

    2. Are JACKBIT’s Ethereum payouts quick?

    JACKBIT processes Ethereum transactions within minutes, especially for verified or frequent users.

    3. Can I use bonuses right after signing up?

    Absolutely. New players can instantly claim crypto welcome bonuses upon their first deposit.

    4. Does JACKBIT work smoothly on mobile?

    Yes, JACKBIT’s mobile platform runs seamlessly on Android and iOS, with full access to games and crypto payments.

    5. Can I earn rewards for consistent play?

    Definitely. JACKBIT’s VIP program offers cashback, free spins, and faster payouts for loyal players.

    Email: support@JACKBIT.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. The content is based on research and user reviews, with no warranties as to accuracy or completeness. Users must verify information before acting.

    Online gambling involves risks and is not suitable for everyone. Confirm you meet the legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We do not promote gambling; participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for losses or disputes.

    This article may contain affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content, but our reviews remain unbiased. Always conduct your own research before signing up.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0bff779d-ad87-4c32-bd23-8d6d659a19bb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d09554fd-d795-47f1-93cf-23bf653e508f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/afc0ff34-13cc-49c8-a49c-0bf8a71c2277

    The MIL Network –

  • MIL-OSI: DNO Reports Solid First Quarter Results; Prepares Deeper Dive into Norwegian Waters

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 15 May 2025 – DNO ASA, the Norwegian oil and gas operator, today reported first quarter 2025 operating profit of USD 28 million on the back of USD 188 million in revenues, both showing a quarter-on-quarter increase.

    In a quarter marked by the announcement of its transformative USD 1.6 billion acquisition of Norway’s Sval Energi Group AS, DNO continued to deliver strong operational performance. Net production rose eight percent to 84,200 barrels of oil equivalent per day (boepd), to which Kurdistan contributed 61,600 boepd, North Sea 19,300 boepd and West Africa 3,400 boepd.

    In the flagship Kurdistan Tawke license (DNO 75 percent and operator), production increased 11 percent quarter-on-quarter. Continuing strict capital discipline since the closure of the Iraq-Türkiye export pipeline, the Company stabilized, even raised, production from existing wells through rigless interventions. Output from similar reservoirs typically decline 15-20 percent per year.

    DNO’s share of oil production was sold at its Fish Khabur terminal to local buyers at USD 35 per barrel with payments made in advance. Tawke license sales averaged USD 20 million net to DNO per month, generating around USD 10 million of free cash flow.

    “In Kurdistan we are doing a remarkable job keeping up production with minimal investment,” said DNO Executive Chairman Bijan Mossavar-Rahmani. “If a Norwegian company can accomplish this in the Middle East, we should replicate such efficiencies on our home surf whether we operate the permits or not”, he observed. “As we prepare to close the Sval acquisition around midyear,” Mr. Mossavar-Rahmani added, “DNO will pivot hard to the Anglo-Saxon culture of the early years of the Norwegian oil industry: faster, cheaper, better.”

    The Company kept up its successful exploration pace offshore Norway with two discoveries in the last quarter, Kjøttkake (40 percent and operator) and Mistral (10 percent), together adding recoverable resources of 26 million barrels of oil equivalent (MMboe) net to the Company.

    When the Sval acquisition is closed, DNO’s North Sea proven and probable (2P) reserves will quadruple to 189 MMboe and 2C resources climb to 246 MMboe from 144 MMboe, all on a yearend 2024 basis. North Sea production also quadruples to 80,000 boepd. The acquisition turns the North Sea into the biggest contributor to DNO’s net production with some 60 percent of the total and DNO will rank in top ten among producers in Norway.

    Following the Sval announcement in early March, the Company completed a USD 600 million bond placement a week later, DNO’s 20th successful bond issue in 24 years.

    On the back of the bond issue, DNO exited the quarter with cash deposits of USD 1,473 million. However, deposits were reduced following the end of the quarter by the early redemption of the DNO04 bond (outstanding amount of USD 350 million) in April.

    Given the continuing operational performance and strength of the balance sheet, the Board of Directors has authorized a dividend payment of NOK 0.3125 per share payable in June, representing NOK 1.25 per share on an annualized basis.

    A videoconference call with executive management is scheduled today at 14:00 (CET). To access the call, please visit www.dno.no.

    Key figures

      Q1 2025 Q4 2024 Full-Year 2024
    Gross operated production (boepd) 90,945 80,765 80,280
    Net production (boepd) 84,232 77,646 77,269
    Revenues (USD million) 188 177 667
    Operating profit/-loss (USD million) 28 -82 6
    Net profit/-loss (USD million) -4 -98 -27
    Free cash flow (USD million) -19 -5 59
    Net cash/-debt (USD million) 43 99 99

    –

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    –

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    Attachments

    The MIL Network –

  • MIL-OSI: KBC Group: First-quarter result of 546 million euros

    Source: GlobeNewswire (MIL-OSI)


    KBC Group – overview (consolidated, IFRS)    		 1Q2025 4Q2024 1Q2024
    Net result (in millions of EUR) 546 1 116 506
    Basic earnings per share (in EUR) 1.32 2.75 1.18
    Breakdown of the net result by business unit (in millions of EUR)      
    Belgium 281 487 243
    Czech Republic 207 238 197
    International Markets 135 175 146
    Group Centre -77 215 -80
    Parent shareholders’ equity per share (in EUR, end of period) 58.8 56.6 54.9

    ‘We recorded a net profit of 546 million euros in the first quarter of 2025. Compared to the result of the previous quarter, our total income benefited from several factors, including increased insurance revenues, trading and fair value income and net other income, while net interest income and net fee and commission income were slightly down as a result of seasonality and some positive year-end effects in the fourth quarter of 2024.
    Our loan portfolio continued to expand, increasing by 2% quarter-on-quarter and by 7% year-on-year. Customer deposits – excluding volatile, low-margin short-term deposits at KBC Bank’s foreign branches – were stable quarter-on-quarter (with a shift from term deposits to savings accounts) and up 7% year-on-year.
    Operating expenses were up, since the bulk of the bank and insurance taxes for the full year are recorded – as usual – in the first quarter. Disregarding bank and insurance taxes, operating expenses fell by 8% quarter-on-quarter. Insurance service expenses also fell, as did loan loss impairment charges, resulting in a very favourable credit cost ratio of just 8 basis points for the quarter under review (16 basis points excluding the changes in the reserve for geopolitical and macroeconomic uncertainties).
    Our solvency position remained strong, with an unfloored fully loaded common equity ratio under Basel IV of 14.5% at the end of March 2025. Our liquidity position remained very solid too, as illustrated by an LCR of 157% and NSFR of 140%.

    On 8 May 2025, we paid a final dividend of 3.15 euros per share, bringing the total dividend for full-year 2024 to 4.85 euros per share. We also updated our dividend and capital deployment policy. As from 2025, we will pay a dividend of between 50% and 65% of our consolidated result, 1 euro of which will be paid in November as an interim dividend. We aim to remain amongst the better capitalised financial institutions in Europe. Each year, when announcing the full-year results, our Board will take a decision – at its discretion – on capital deployment. The focus will predominantly be on further organic growth alongside mergers and acquisitions. We see a 13% unfloored fully loaded common equity ratio as the minimum.

    Furthermore, KBC reached an agreement to acquire 98.45% of 365.bank in Slovakia based on a total value for 365.bank of 761 million euros. This investment will allow us to further strengthen our position in the Slovak market while closing the gap with the top three players in the banking sector. 365.bank is a retail-focused bank with subsidiaries in asset management and consumer finance and is very complementary to the business of KBC’s existing Slovak subsidiary ČSOB, leading to significant cost, revenue (cross-selling) and funding synergies. KBC will particularly strengthen its reach in retail banking as well as benefit from access to the unique client base and distribution network of 365.bank and its exclusive partnership with Slovak Post. Closure of the deal is subject to regulatory approval and will reduce our unfloored fully loaded common equity ratio by approximately 50 basis points upon closing, which is expected by the end of this year.

    Recent weeks have been characterised by unprecedented macro-economic (trade) uncertainty as a result of the US policy on trade tariffs and its repercussions on the financial markets. Nevertheless, we confirm our short-term and long-term financial guidance. Last but not least, I would like to express my sincerest gratitude towards our customers, employees, shareholders and all other stakeholders for their continued trust in our group.

    JohanThijs
    Chief Executive Office

    Attachments

    The MIL Network –

  • MIL-OSI: Melexis Appoints Two New Directors to Its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Tessenderlo-Ham, Belgium – May 15, 2025

    Melexis NV (Euronext Brussels: MELE), a global supplier of micro-electronic semiconductor solutions, announces the appointment of two new members to the board of directors following the approval by the annual shareholders’ meeting held on May 13, 2025. The announcement of Ms. Ling Qi and Mr. Kazuhiro Takenaka underlines Melexis’ focused ambitions in the Asia-Pacific Region (APAC).

    Ms. Ling Qi has more than 20 years of international business management experience. Currently, she is CEO of two multimedia and animation film companies. Alongside this, she has been consulting for foreign invested companies in China, has extensive experience in the semiconductor industry as a board member for a European headquartered wafer foundry, and has served as a director of a Belgian private bank. Ms. Ling Qi holds a degree in international trade and English from the University of Liaoning, and obtained a certificate of Dutch at University of Antwerp.

    Mr. Kazuhiro Takenaka has a successful career of over 45 years in the semiconductor and electronics engineering industry in renowned companies such as Nissan Motor and Seiko Epson. In his role at Seiko Epson, Mr. Takenaka has also collaborated extensively with international stakeholders, working on partnerships with US companies and building relationships in markets across Europe, Asia, and the USA. He brings valuable insights and a diverse perspective to the Board, particularly in markets beyond automotive.

    This announcement brings the number of board members to seven with Ms. Françoise Chombar serving as chairwoman of the Board of Directors. The new board members will serve for a term of four years starting today and ending immediately after the annual shareholders’ meeting for the financial year ending on December 31, 2028. In addition to the two appointments of new directors, all other resolutions including the reappointment of two directors and the final dividend were approved by a clear majority of shareholders.

    Speaking about the appointments of two new directors, Ms. Chombar commented: “The Asia-Pacific area accounts for over 60% of Melexis’ total sales, with Greater China contributing nearly half of that. With the announcement of Ms. Ling Qi and Mr. Kazuhiro Takenaka, we welcome two highly experienced Asian business leaders whose insights and advice will be invaluable to Melexis implementing its strategic roadmap.”

    Please follow the link below to view Melexis’s latest annual report, which contains detailed information on its current business operations and strategic initiatives.

    About Melexis
    Melexis designs, develops, and delivers edge sensor and driver solutions with a heart for people and the planet. Its mission is to empower engineers to turn their ideas into applications that support the best imaginable future, one that is safe, comfortable, and sustainable.
    Melexis specializes in powertrain, thermal management, lighting, e-brake, e-steering, and battery solutions for the automotive sector. It also expands its presence in the emerging markets of a sustainable world, alternative mobility, robotics, and digital health.
    Founded in 1989 in Belgium, Melexis has grown to employ over 2,000 people in 12 countries, delivering cutting-edge technology to customers worldwide.
    For more information, visit www.melexis.com or follow Melexis on LinkedIn, and YouTube.
    Investors Contact:
    Philip Ludwig
    Investor Relations Director
    Tel: +32 499 41 88 91
    E-mail: plu@melexis.com 

    Media Contact:
    Tom Meynendonckx
    Corporate Communications Director
    Tel: +32 476 29 92 42
    E-mail: otm@melexis.com

    The MIL Network –