Category: European Union

  • MIL-OSI: Ress Life Investments A/S publishes portfolio composition for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Ress Life Investments A/S
    Nybrogade 12
    DK-1203 Copenhagen
    Denmark
    CVR nr. 33593163
    resslifeinvestments.com

    To: Nasdaq Copenhagen
    Date: 16 April 2025

    Corporate Announcement 14/2025

    Ress Life Investments A/S publishes portfolio composition for Q1 2025

    Ress Life Investments A/S hereby publishes a portfolio overview for the benefit of the company’s shareholders.

    Questions related to this announcement can be made to the company’s AIF-manager, Resscapital AB.

    Contact person:
    Gustaf Hagerud
    gustaf.hagerud@resscapital.com
    Tel + 46 8 545 282 09

    Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the PRIIPS KIID documentation available on the Company’s website, www.resslifeinvestments.com.

    As per 31 March 2025, the number of life insurance policies owned is 377. The total face value of the portfolio is USD 1.1 billion.

    Portfolio composition as of 2025-03-31

    Top 10 Carriers Weight % of portfolio value
    John Hancock Life Insurance Company USA 16.3%
    Lincoln National Life Insurance Company 15.0%
    AXA Equitable Life Insurance Company 6.3%
    American General Life Insurance Company 4.8%
    Pruco Life Insurance Company Inc 4.5%
    Brighthouse Life Insurance Company 4.0%
    Pacific Life Insurance Company 3.7%
    Protective Life Insurance Company 3.3%
    Transamerica Life Insurance Company 3.2%
    Principal Life Insurance Company 3.0%
    Carrier Rating Weight % of face value
    A++ 6.7%
    A+ 46.0%
    A 42.2%
    A- 0.1%
    B++ 4.3%
    B+ 0.0%
    B 0.0%
    B- 0.2%
    C++ 0.5%
    Top 10 States Weight % of face value 
    FLORIDA 15.7%
    CALIFORNIA 12.3%
    NEW YORK 7.4%
    PENNSYLVANIA 6.8%
    TEXAS 6.2%
    MASSACHUSETTS 4.7%
    OHIO 4.4%
    NEW JERSEY 4.1%
    MISSOURI 3.8%
    ARIZONA 3.5%
    Face Group Weight % of face value  
    100,000-250,000 0.2%
    250,001-500,000 1.5%
    500,001-1,000,000 8.3%
    1,000,001-2,000,000 13.4%
    2,000,001-3,000,000 10.7%
    3,000,001-5,000,000 22.2%
    5,000,001-10,000,000 29.3%
    10,000,001-15,000,000 7.3%
    15,000,001- 7.1%
    Age Group Weight % of face value
    < 65 5.4%
    65 – 69 13.7%
    70 – 74 22.5%
    75 – 79 19.8%
    80 – 84 15.5%
    85 – 89 12.6%
    90 – 94 7.6%
    95 < 2.9%
    Gender Weight % of face value
    Female 13.8%
    Male 63.3%
    Joint 22.9%

    Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the Key Information Document available on the Company’s website, www.resslifeinvestments.com.

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  • MIL-OSI: Bitwise expands institutional–grade access to Bitcoin and Ethereum with four ETP listings on London Stock Exchange

    Source: GlobeNewswire (MIL-OSI)

    • Bitwise adds London as trading hub for four of its European products, providing access to its best-in-class crypto ETPs for UK professional investors.
    • Products to be traded at LSE include Bitwise Core Bitcoin ETP, Europe’s only Bitcoin ETP with extended primary market liquidity window and 0,20% TER, and the Bitwise Physical Bitcoin ETP with approximately 5-year track-record.
    • LSE is premier trading venue for ETPs in Europe, with members of more than 20 countries having access to its order books

    April 16, 2025. Frankfurt, London: Bitwise has listed four of its Germany-issued crypto Exchange Traded Products (ETPs) at the London Stock Exchange (LSE), expanding access to its institutional-grade product suite for Bitcoin and Ethereum investors, and widening its footprint across European markets. The lineup includes BTC1, the Bitwise Core Bitcoin ETP, one of Europe’s most cost-efficient Bitcoin ETPs with a total expense ratio (TER) of just 0.20% and the Bitwise Physical Bitcoin ETP, which has a five-year track record and ranks as Europe’s most liquid Bitcoin ETP. While these products remain restricted to professional and wholesale investors in the UK, the London listing significantly improves access for qualified market participants. Bitwise is a pure-play digital asset manager, yet our ETPs are designed by experts with deep expertise in both digital assets and traditional financial markets—making them ideally suited to the needs of institutional investors.

    Bradley Duke, Managing Director, Head of Bitwise Europe, said: “I am very pleased to see the debut listings of Bitwise products on the London Stock Exchange, one of Europe’s most esteemed trading venues. Investing in crypto is rapidly becoming mainstream and institutional investors increasingly allocate digital assets to their portfolios. Bitwise offers secure, transparent, and best-in-class crypto investment products, supported by a team with expert knowledge of the market and the needs of institutional investors. We will continue to innovate our product range, in dialogue with investors to bring products that suit their needs in this rapidly developing asset class.

    The four products listed in London as of 15 April are:

    • The Bitwise Core Bitcoin ETP (BTC1, ISIN: DE000A4AER62), a cost-efficient Bitcoin ETP option without fee holidays, with a TER of 0.20% per year, making it ideal for strategic allocations. The product is designed for long-term institutional investors seeking cost efficiency and benchmark reliability. The NAV is calculated three times daily using Bitwise’s unique Triple-Daily NAV Method, which integrates primary market liquidity from Hong Kong, the European Union, and the United States.
    • The Bitwise Physical Bitcoin ETP (BTCE, ISIN: DE000A27Z304) the most liquid crypto ETP on the XETRA trading platform of Deutsche Börse, with one of the lowest bid-ask spreads, and the second-highest assets under management (AUM) of any physical Bitcoin ETP in Europe. It is often used by traders and short- to mid-term investors looking for flexible exposure to Bitcoin. Launched in June 2020 as the first ever crypto ETP on the German stock exchange in Frankfurt, BTCE is one of the largest Bitcoin products in terms of assets under management in Europe.
    • The Bitwise Physical Ethereum ETP (ZETH, ISIN: DE000A3GMKD7), an institutional-grade Ethereum product that gives investors pure exposure to Ethereum performance, equipped with institutional-grade custody. The assets backing the ETP are kept in cold-storage, and are secured by an independent trustee, thus mitigating issuer default risk.
    • The Bitwise Ethereum Staking ETP (ET32, ISIN: DE000A3G90G9), an institutional-grade, low cost, and liquid vehicle with staking rewards accumulating in the ETP daily leveraging ETH staking for maximum investor outcome. It has seen consistent positive net inflows while maintaining competitive bid-ask spreads, and aims at offering the lowest total cost of ownership among ETH Staking ETPs. As the only ETH staking ETP tied to a real benchmark, it enables investors to accurately evaluate Ethereum staking opportunities and clearly assess performance against industry standards.

    Bitwise has accelerated its activities in Europe since its acquisition of ETC Group last year, continuing to launch innovative new products regularly, such as the Bitwise Solana Staking ETP in November 2024, the Bitwise Aptos Staking ETP in December and the Bitwise Diaman Bitcoin & Gold ETP just last month. Its products trade on several of Europe’s largest stock exchanges. Committed to transparency, expert product design, and professional management, Bitwise frequently publishes crypto research and market insights to educate and inform investors of the emerging opportunities in the digital assets space.

    Bitwise enables investors to gain exposure to digital assets without the need for a crypto wallet, as our ETPs trade on regulated exchanges, just like traditional stocks or ETFs. Each ETP is fully backed by the corresponding digital asset, securely held in institutional-grade cold-storage custody. Structurally comparable to precious metal ETCs, Bitwise’s crypto ETPs also feature a physical redemption mechanism. Investor protection is further enhanced through the presence of an independent trustee and an audited issuer structure, ensuring that the underlying assets are held off the issuer’s balance sheet, thereby minimizing insolvency risk. Bitwise ETPs can be seamlessly integrated into standard brokerage or ETF portfolio accounts and are often eligible for SIPP and ISA inclusion, making them accessible for long-term investment planning in the UK.

    LSE Listed ETPs Trading Information

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence, managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past four years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit www.bitwiseinvestments.com/eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information
    This press release does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.com./eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency. Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks.

    The MIL Network

  • MIL-OSI: Arowana launches S$120 million B Corp holding company out of Singapore, appoints B Lab Global co-founder Andrew Kassoy and Thomas Ng to Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    Arowana’s B Corp holding company will provide a succession and ownership transition pathway for B Corp founders seeking to exit but retain ethos of their businesses

    Investment focus will initially be on ASEAN region but in time look to expand to other developing economies across MENA and Latin American regions with large and growing populations

    SINGAPORE, April 16, 2025 (GLOBE NEWSWIRE) — Arowana & Co. (“Arowana”), the global B Corporation investment group, announced today that it has launched a holding company headquartered in Singapore to specifically invest in companies committed to the B Corp triple bottom line of People, Planet and Profit across the ASEAN (Association of Southeast Asian Nations) region.

    The primary purpose of this holding company, AIC Group Holdings, is to provide companies that are B Corp or want to become B Corp with an ownership succession pathway, which will respect and perpetuate the B Corp ethos and culture instilled by their founders. AIC Group Holdings is privately held.

    In tandem with the launch of the holding company, Arowana has appointed Andrew Kassoy, co-founder of B Lab Global, the non-profit behind the B Corp movement, to the Advisory Board of AIC Group Holdings. In addition, Thomas Ng, a leading B Corp entrepreneur and founder of Genashtim, a fast-growing global social enterprise, has agreed to join the Advisory Board.

    Arowana founder and chairman, Kevin Chin, commented: “We have been working on optimising a structure for two years and believe a holding company that has no restrictions in terms of investment entry and exit horizons is the best model that matches the succession and growth objectives of B Corp founders and their businesses. As a B Corp ourselves, we appreciate the dilemma that founders face in this regard. We consider Singapore to be the ideal headquarters for this holding company as we see many enterprises across the fast-growing ASEAN region that would be a good fit. This is consistent with Arowana’s broader strategy of pivoting our focus to developing markets across ASEAN and, in due time, Africa and Latin America with large and growing populations and economies.”

    He further added: “I am honoured that two luminaries of the B Corp movement, Andrew Kassoy and Thomas Ng, have agreed to join the Arowana holding company advisory board members. Not only are Andrew and Thomas great stewards, but also world-class entrepreneurs who have led the scale-up of high-growth global enterprises. We expect to announce further additions to the advisory board and the holding company team in due course. Meanwhile, our team is already in exclusive due diligence processes on four proprietary investment opportunities in the ASEAN region that have come about because of Arowana’s veritable commitment to the B Corp ethos.”

    Andrew Kassoy, co-founder of B Lab Global, commented: “Since the earliest days of the B Corp movement, we have seen first-hand the issues of succession and ownership transition faced by B Corp founders, especially when deliberating on acquisition proposals from non-B Corp entities. I am excited to join the Arowana B Corp holding company advisory board as I share the vision that Kevin Chin has in creating a permanent capital holding company structure with a genuine B Corp ethos that provides a compelling option for B Corp founders exploring succession and exit.”

    Thomas Ng, B Corp steward and founder, said: “Having known Kevin Chin for some time and seeing first-hand his steadfast commitment to the B Corp values and mission, I am delighted to be joining the Arowana B Corp holding company advisory board. Across Genashtim’s operations in the ASEAN, African and Latin America regions, we see many businesses that the Arowana B Corp holding company would represent an attractive alternative to consider for succession and ownership transition.”

    About Arowana

    Founded in 2007, Arowana is a global investment group that ranks amongst the world’s leading B Corporations. Arowana first certified as a B Corp in 2018 and recertified in 2023. Arowana’s investment strategy today is focussed on developing markets with large and growing populations where it can best deliver on its core purpose of growing people, companies and value whilst maximising the B Corp triple bottom line of people, planet and profit. Arowana presently has operating companies and investments in Southeast Asia, the Middle East, Africa, the United Kingdom, the European Union and Oceania regions.

    Media Contact

    Arowana Digital

    DigitalContent@arowanaco.com

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  • MIL-OSI: JLT Mobile Computers AB (publ) Publishes 2024 Annual Report

    Source: GlobeNewswire (MIL-OSI)

    Växjö, Sweden, April 16, 2025 * * * JLT Mobile Computers, a leading provider of rugged computers for demanding environments, publishes its 2024 annual report today.

    Report in brief

    1. Order intake MSEK 103.0 (135.4)
    2. Net revenues MSEK 118.4 (158.8)
    3. Gross margin 45.8% (41.4)
    4. EBITDA -2.1 MSEK (4.8)
    5. Operating profit MSEK -9.7 (1.9)
    6. Profit after taxes MSEK -7.7 (1.6)
    7. Cash flow +7.2 MSEK (-21.5)
    8. No dividend proposed (0.00)

    Summary

    A Challenging Year for the Industry, with Signs of Recovery

    The year was characterized by low demand in warehousing/logistics, one of JLT’s largest target markets, which led to reduced order intake and net sales. In 2024, the company conducted a strategic review to address the challenges during the year. Software development has been integrated with other product development and the operations of the subsidiary JLT Software Solutions AB have been discontinued. The new structure is cost-effective and market-oriented which enables efficient maintenance and customer-driven development of the JLT software solutions together with the company’s other product portfolio.

    Capitalized development expenses were written down, which, together with other decommissioning costs, impacted on the Group’s earnings in the fourth quarter by MSEK 5.0, of which MSEK 1.2 will affect cash flow. Despite non-recurring costs, organizational and R&D expenses decreased by MSEK 5.4 for the year.

    To strengthen its position in the market, JLT has launched upgraded versions of its core products and invested in sales and marketing. The company has recruited a senior marketing manager for its US subsidiary and expanded the organization and carried out a planned generational change in the leadership, of its French subsidiary.

    JLT has actively worked to reduce inventory and improve cash flow, which has resulted in an increase in cash flow of MSEK 7.2.

    In 2024, JLT celebrated thirty years as a player in the rugged computing industry and continues to adapt to industry trends and customer needs.

    In early 2025, the market rebounded, and the company won several major deals in the first months of the year. With the implemented measures and structural changes, JLT looks forward to a solid foundation for growth as the market recovers in 2025.

    The annual report is attached to this press release and published on JLT’s website, jltmobile.com.

    Printed copies, English and Swedish, can be requested over email to investor@jltmobile.com, by phone: +46 470 53 03 00, or by mail to the following address: 

    JLT Mobile Computers AB (publ) 
    Isbjörnsvägen 3 
    352 45 Växjö, SWEDEN 

    About JLT Mobile Computers

    JLT Mobile Computers is a leading 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.

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  • MIL-OSI New Zealand: Earthquake & renewable energy a focus in Vanuatu

    Source: New Zealand Government

    New Zealand is boosting support to Vanuatu to recover from last year’s earthquake and develop its renewable energy sector, Deputy Prime Minister Winston Peters says.

    “Being in Port Vila has underlined the scale of the challenge that Vanuatu faces in recovering from the December earthquake, and we are pleased to provide a further NZ$10 million of support.” 

    “New Zealand will work with the Vanuatu Government over coming weeks to identify priority areas to focus our efforts,” Mr Peters says. 

    “This support will draw on our experience of preparing for, and responding to, major earthquakes through the provision of geotechnical, engineering, and local government response advice, as well as reconstruction.

    “We are also pleased to announce that New Zealand will lead on a renewable energy project on Efate and Tanna — focused on solar photo-voltaic and battery energy storage systems. Working with France, the project will help reduce fuel import costs, and provide for cleaner, more efficient energy use.” 

    While in Port Vila, the New Zealand cross-party delegation met Prime Minister Jotham Napat, the new Vanuatu Government, as well as members of Vanuatu’s Opposition.

    “We had productive discussions, highlighting the muti-faceted nature of our engagement, as neighbours and as development and regional partners,” Mr Peters says. 

    “Our visit also reinforced our shared interest in a safe, secure, and peaceful Pacific.”.

    The delegation attended the completion ceremony of the South Paray Wharf, an important economic project delivered with Vanuatu and the Asian Development Bank.

    Vanuatu is the New Zealand delegation’s fourth and final destination on this Pacific trip, following Tonga, Hawaii and Fiji.

    MIL OSI New Zealand News

  • MIL-OSI: ASML reports €7.7 billion total net sales and €2.4 billion net income in Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    ASML reports €7.7 billion total net sales and €2.4 billion net income in Q1 2025
    2025 total net sales expected to be between €30 billion and €35 billion

    VELDHOVEN, the Netherlands, April 16, 2025 – Today, ASML Holding NV (ASML) has published its 2025 first-quarter results.

    • Q1 total net sales of €7.7 billion, gross margin of 54.0%, net income of €2.4 billion
    • Quarterly net bookings in Q1 of €3.9 billion2 of which €1.2 billion is EUV
    • ASML expects Q2 2025 total net sales between €7.2 billion and €7.7 billion, and a gross margin between 50% and 53%3
    • ASML continues to expect 2025 total net sales to be between €30 billion and €35 billion, with a gross margin between 51% and 53%
    (Figures in millions of euros unless otherwise indicated) Q4 2024   Q1 2025
    Total net sales 9,263   7,742
    …of which Installed Base Management sales1 2,147   2,001
    New lithography systems sold (units) 119   73
    Used lithography systems sold (units) 13   4
    Net bookings2 7,088   3,936
    Gross profit 4,790   4,180
    Gross margin (%) 51.7   54.0
    Net income 2,693   2,355
    EPS (basic; in euros) 6.85   6.00
    End-quarter cash and cash equivalents and short-term investments 12,741   9,104

    (1) Installed Base Management sales equals our net service and field option sales.
    (2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
    (3) The bandwidth for Q2 2025 gross margin guidance is larger than usual, given the uncertainty around the impact of tariffs.
    Numbers have been rounded for readers’ convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.

    CEO statement and outlook
    “Our first-quarter total net sales came in at €7.7 billion, in line with our guidance. The gross margin was 54.0%, above guidance, driven by a favorable EUV product mix and the achievement of performance milestones. In the first quarter, we shipped our fifth High NA system, and we now have these systems at three customers.

    “Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years. However, the recent tariff announcements have increased uncertainty in the macro environment and the situation will remain dynamic for a while. As previously shared, artificial intelligence continues to be the primary growth driver in our industry. It has created a shift in the market dynamics that benefits some customers more than others, contributing to both upside potential and downside risks as reflected in our 2025 revenue range.

    “We expect second-quarter total net sales between €7.2 billion and €7.7 billion, with a gross margin between 50% and 53%3. We expect R&D costs of around €1.2 billion and SG&A costs of around €300 million. As we previously communicated, we expect total net sales for the year between €30 billion and €35 billion, with a gross margin between 51% and 53%, subject to the uncertainties mentioned earlier,” said ASML President and Chief Executive Officer Christophe Fouquet.

    Update dividend and share buyback program
    ASML intends to declare a total dividend for the year 2024 of €6.40 per ordinary share, which is a 4.9% increase compared to 2023.

    Recognizing the three interim dividends of €1.52 per ordinary share paid in 2024 and 2025, this leads to a final dividend proposal to the Annual General Meeting of €1.84 per ordinary share.

    In the first quarter, we purchased around €2.7 billion worth of shares under the current 2022-2025 share buyback program.

    Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML’s website (www.asml.com/investors).

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Willem van Ewijk +31 6 2744 1187 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

    Quarterly video interview and investor call
    With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2025 first-quarter and outlook for 2025. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.

    An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on April 16, 2025 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,100 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

    US GAAP Reporting
    ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly summary US GAAP consolidated statements of operations, consolidated statements of cash flows and consolidated balance sheets are available on www.asml.com.

    The consolidated balance sheets of ASML Holding N.V. as of March 30, 2025, the related consolidated statements of operations and consolidated statements of cash flows for the quarter and three months ended March 30, 2025 as presented in this press release are unaudited.

    Regulated information
    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Forward Looking Statements

    This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor industry and end markets and business environment trends, expected growth in the semiconductor industry by 2030, our expectation that AI will be the key driver for the industry and the expected impact of AI demand on our business and results, our expectation that lithography will remain at the heart of customer innovation, expected demand, bookings, outlook of market segments, outlook and expected financial results including expected results for Q2 2025, including net sales, Installed Base Management sales, gross margin, R&D costs, SG&A costs, outlook for full year 2025, including expected full year 2025 total net sales, gross margin, estimated annualized effective tax rate and expected growth in IBM sales, the expectation that 2025 and 2026 will be growth years, statements made at our 2024 Investor Day, including revenue and gross margin opportunity for 2030, statements with respect to the recent US tariff announcements and the expected impact of such tariffs on our business and results, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks, statements with respect to our share buyback program, and statements with respect to dividends, statements with respect to expected performance and capabilities of our systems and customer plans, statements with respect to our ESG strategy and other non- historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and our future financial results and readers should not place undue reliance on them. Forward- looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the current macroeconomic environment on the semiconductor industry, uncertainty around a market recovery including the timing thereof, the ultimate impact of AI on our industry and business, the impact of inflation, interest rates, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in net bookings and our ability to convert bookings into sales, the risk of order cancellation or push outs and restrictions on shipments of ordered systems under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the recent tariff announcements, exchange rate fluctuations, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2024 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

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  • MIL-OSI New Zealand: Education – Coho Hui conference draws global expertise to Ara

    Source: Ara Institute of Canterbury

    Ara Institute of Canterbury and The Housing Innovation Society (THIS) have partnered to bring the biennial Coho Hui 2025 to Ōtautahi for 2025.
    The conference-dedicated to advancing collective housing in Aotearoa- is being held at Kahukura, Ara’s academic hub for engineering and architecture studies on April 16 and 17.
    With the theme of “The Future of Housing”, Coho Hui 2025 is bringing together academics, industry leaders and housing professionals to discuss solutions aimed at redefining urban living and tackling systemic housing challenges.
    It’s the first time the event has come to Ara thanks to the efforts of conference organiser Irene Boles, a senior academic in engineering and architecture at the institute.
    Boles said she was excited to bring the leading experts together along with 100 delegates, for academic sessions, workshops and site visits.
    “The rich perspectives our guest experts will be sharing, and the conversations our workshops will generate, will bring diverse ideas and new knowledge to Aotearoa, informing the collective housing movement here,” she said.
    Boles said academic research presented at Coho Hui will be considered for a special issue of the Urbanisation, Sustainability and Society (USS) Journal published by Emerald Publishing.
    Opening the conference, Ara’s Dean of Faculty of Applied Technology, Academic, Innovation and Research Division Peter Sauer said Ara’s values aligned with the aims of Coho Hui.
    “As we look to the future, we understand that the needs of our learners, community and industry are changing quicker than we have ever seen before. We are working at pace to understand and meet those needs as we strive for academic excellence,” Sauer said.
    THIS chair James Winter said community housing in New Zealand was still emerging compared to efforts achieved in other parts of the world.
    “Our goal with this fourth Coho Hui is to bring further awareness to the sector and hopefully see more collective housing projects take off in Aotearoa,” he said in his opening remarks.
    The conference features a powerhouse lineup of speakers, each bringing unique expertise to the conversation on housing innovation.
    They include keynotes from Professor Louise Crabtree-Hayes (Western Sydney University, Australia) and Dr Tom Moore (University of Liverpool, UK).
    Crabtree-Hayes will discuss the state of Community Land Trusts (CLTs) in Australia, exploring how these models ensure permanently affordable housing and what policy support they need to thrive.
    Moore will share his research on community-led housing, touching on the challenges black and minority ethnic communities face, as well as policy lessons from Northern Ireland and innovative approaches to neighborhood transformation.
    Delegates will also visit three unique housing developments in Christchurch on Thursday April 17, each showcasing a different approach to community-led living: Papakāinga at Rāpaki, a Māori-led housing initiative; Te Pākau Maru in New Brighton, designed for community sustainability; and Peterborough Village, a central city collective housing neighborhood focused on urban regeneration.
    Boles wanted to acknowledge the event’s sponsors Abodo Wood Ltd, The Urban Advisory, and 26Aroha for helping to make the hui possible.

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: President Lai meets delegation led by Tuvalu Deputy Prime Minister Panapasi Nelesone 

    Source: Republic of China Taiwan

    Details
    2025-04-10
    President Lai pens Bloomberg News article on Taiwan’s response to US reciprocal tariffs
    On April 10, an article penned by President Lai Ching-te entitled “Taiwan Has a Roadmap for Deeper US Trade Ties” was published by Bloomberg News, explaining to a global audience Taiwan’s strategy on trade with the United States, as well as how Taiwan will engage in dialogue with the aim of removing bilateral trade barriers, increasing investment between Taiwan and the US, and reducing tariffs to zero. The following is the full text of President Lai’s article: Last month, the first of Taiwan’s 66 new F-16Vs rolled off the assembly line in Greenville, South Carolina. Signed during President Donald Trump’s first term, the $8 billion deal stands as a testament to American ingenuity and leadership in advanced manufacturing. Beyond its economic impact – creating thousands of well-paying jobs across the US – it strengthens the foundations of peace and stability in the Indo-Pacific.  This deal is emblematic of the close interests shared between Taiwan and the US. Our bond is forged by an unwavering belief in freedom and liberty. For decades, our two countries have stood shoulder-to-shoulder in deterring communist expansionism. Even as Beijing intensifies its air force and naval exercises in our vicinity, we remain resolute. Taiwan will always be a bastion of democracy and peace in the region. This partnership extends well beyond the security realm. Though home to just 23 million people, Taiwan has in recent years become a significant investor in America. TSMC recently announced it will raise its total investment in the US to $165 billion – an initiative that will create 40,000 construction jobs and tens of thousands more in advanced chip manufacturing and R&D. This investment will bolster the emergence of a new high-tech cluster in Arizona. Taiwan is committed to strengthening bilateral cooperation in manufacturing and innovation. As a trade-dependent economy, our long-term success is built on trade relationships that are fair, reciprocal and mutually beneficial. Encouraging Taiwanese businesses to expand their global footprint, particularly in the US, is a vital part of this strategy. Deepening commercial ties between Taiwanese and American firms is another. These core principles will guide our response to President Trump’s reciprocal tariffs. First, we will seek to restart trade negotiations with a common objective of reducing all tariffs between Taiwan and the US. While Taiwan already maintains low tariffs, with an average nominal rate of 6%, we are willing to further cut this rate to zero on the basis of reciprocity with the US. By removing the last vestiges to free and fair trade, we seek to encourage greater trade and investment flows between our two countries. Second, Taiwan will rapidly expand procurement of American goods. Over the past five years, rising demand for semiconductors and AI-related components has increased our trade surplus. In response to these market trends, Taiwan will seek to narrow the trade imbalance through the procurement of energy, agriculture and other industrial goods from the US. These efforts will create thousands of new jobs across multiple sectors.  We’ll also pursue additional arms procurements that are vital to our self-defense and contribute to peace and stability over the Taiwan Strait. During President Trump’s first term, we secured $18 billion in arms deals, including advanced fighter jets, tanks and anti-ship missiles. Future purchases, which are not reflected in trade balances, build on our economic and security partnership while being essential to Taiwan’s “Peace Through Strength” approach. Third, new investments will be made across the US. Already, Taiwanese firms support 400,000 jobs throughout all 50 states. Beyond TSMC, we also see emerging opportunities in electronics, ICT, energy and petrochemicals. We will establish a cross-agency “US Investment Team” to support bilateral trade and investment – and we hope that efforts will be reciprocated by the Trump administration. Fourth, we are committed to removing non-tariff trade barriers. Taiwan will take concrete steps to resolve persistent issues that have long impeded trade negotiations. And finally, we will strongly address US concerns over export controls and improper transshipment of low-cost goods through Taiwan. These steps form the basis of a comprehensive roadmap for how Taiwan will navigate the shifting trade landscape, transforming challenges in the Taiwan-US economic relationship into new opportunities for growth, resilience and strategic alignment. At a time of growing global uncertainty, underpinned by growing Chinese assertiveness, closer trade ties are more than sound economics; they are a critical pillar of regional security. Our approach is long-term and principled, grounded in a lasting commitment to our friendship with the US, a firm belief in the benefits of fair and reciprocal trade, and an unwavering dedication to peace and stability across the Taiwan Strait. We are confident that our shared economic and security interests will not only overcome turbulence in the international trade environment – they will define the future of a free and open Indo-Pacific.

    Details
    2025-04-08
    President Lai receives credentials from new Tuvalu Ambassador Lily Tangisia Faavae  
    On the morning of April 8, President Lai Ching-te received the credentials of new Ambassador Extraordinary and Plenipotentiary of Tuvalu to the Republic of China (Taiwan) Lily Tangisia Faavae. In remarks, President Lai welcomed the ambassador to her new post and thanked Tuvalu for its long-term support for Taiwan’s international participation. The president also noted that joint efforts between our two countries have produced fruitful results in such areas as medicine and public health, agricultural and fisheries technology, and information and communications technology. He expressed his hope that we will continue to deepen our bilateral relations so as to generate even greater well-being for our peoples and promote peace, stability, and prosperity in the Pacific region. A translation of President Lai’s remarks follows: It is a great pleasure today to receive the credentials of Ambassador Extraordinary and Plenipotentiary of Tuvalu Lily Tangisia Faavae. On behalf of the Republic of China (Taiwan), I extend my warmest welcome to you. Last year, the Republic of China (Taiwan) and Tuvalu celebrated 45 years of diplomatic relations. Prime Minister Feleti Teo visited Taiwan in May last year for the inauguration of myself and Vice President Bi-khim Hsiao and again in October for our National Day celebrations. When I visited Tuvalu last December, I was warmly received by the government and people of Tuvalu, and I deeply felt that our two countries were like family. Ambassador Faavae’s posting to Taiwan demonstrates the importance Prime Minister Teo places on our ties. Widely recognized for her exceptional talent, Ambassador Faavae is an outstanding official with extensive experience in public service. Moreover, during her term as Permanent Secretary of the Ministry of Health and Social Welfare, she voiced support for Taiwan at the World Health Assembly. I believe that with her assistance, our two nations will further advance cooperation and exchanges. I want to thank the government of Tuvalu for long supporting Taiwan’s international participation. Furthermore, joint efforts between our two countries have produced fruitful results in such areas as medicine and public health, agricultural and fisheries technology, and information and communications technology. Last year, Prime Minister Teo and I signed a joint communiqué on advancing the comprehensive partnership between Taiwan and Tuvalu. Going forward, we will stand together in tackling the challenges we face, including climate change and expanding authoritarianism. And we will continue to deepen our bilateral relations so as to generate even greater well-being for our peoples and promote peace, stability, and prosperity in the Pacific region. Once again, I warmly welcome Ambassador Faavae to her new post in Taiwan. Please convey warmest regards from Taiwan to Prime Minister Teo and all of our friends in Tuvalu. I wish you all the best in work and life during your term in Taiwan. Ambassador Faavae then delivered remarks, saying that it is a great honor and privilege to meet with President Lai today as the new Ambassador Extraordinary and Plenipotentiary of Tuvalu to Taiwan, and to present to him her letter of credence. She then extended, on behalf of the government and people of Tuvalu, her warmest greetings and deep respect to the president and people of Taiwan. The letter of credence, she noted, signifies the trust and confidence that her government and governor-general have placed in her to represent their nation and to foster and strengthen the bonds of friendship and cooperation between our countries. Ambassador Faavae said that our two countries have enjoyed a longstanding relationship of 45 years based on mutual respect, cooperation, and shared values. She added that we have collaborated, and continue to do so, in such fields as education, health, climate change adaptation and sea level rise mitigation, agriculture, clean energy, and internet connectivity.  Ambassador Faavae pointed out that Tuvalu remains committed to deepening ties with Taiwan and that it values people-to-people connections and our shared Austronesian heritage. She noted that the people of Tuvalu, a small developing nation, have greatly benefited from Taiwan’s advanced technical expertise and diverse financial assistance. She said she believes Tuvalu and Taiwan share a common interest and are united in our efforts and commitment to upholding democracy, peace, stability, and prosperity for our people and making the world better and safer.  Ambassador Faavae stated that as ambassador of Tuvalu to Taiwan, she pledges to work diligently and respectfully to enhance our bilateral relations, promote mutual understanding, and facilitate collaboration in areas of shared concern. The ambassador said she looks forward to collaborating closely with the Taiwan government and other stakeholders to achieve our common objectives and to continue building a more prosperous and harmonious future for our nations. In closing, she thanked President Lai for the opportunity to serve and to further the enduring friendship between our two countries.  

    Details
    2025-03-28
    President Lai meets British Office Taipei Representative Ruth Bradley-Jones
    On the afternoon of March 28, President Lai Ching-te met with British Office Taipei Representative Ruth Bradley-Jones. In remarks, President Lai welcomed Representative Bradley-Jones as she takes up her post in Taiwan, and thanked the United Kingdom government and parliament for demonstrating staunch support for Taiwan. The president indicated that Taiwan and the UK enjoy close economic and trade ties, and our industries complement each other well, with great potential for collaboration in such fields as semiconductors, AI, unmanned vehicles, and medium- and low-orbit satellites. He stated that he looks forward to expanding exchanges with the UK across all domains so as to enhance democratic and economic resilience, jointly advancing the prosperous development of the Indo-Pacific region and economic security around the world. A translation of President Lai’s remarks follows: It is a pleasure to meet Representative Bradley-Jones here at the Presidential Office for this exchange. I understand that she has proactively called at many government agencies since taking up her post last month. On behalf of the people of Taiwan, I extend a warm welcome. Taiwan and the UK are partners that share the values of freedom and democracy. In recent years, our bilateral relations have continued to deepen. With the efforts of Representative Bradley-Jones and our respective governments, I look forward to the expansion of dialogue and cooperation between Taiwan and the UK. This will further elevate our bilateral ties. Especially in the face of expanding authoritarianism, the UK is not only playing an important role in crafting a unified European response; it is also demonstrating staunch support for Taiwan through various channels. For example, joint statements released after the Australia-UK ministerial consultations, as well as the G7 foreign ministers’ meeting, underlined a high level of concern for peace and stability across the Taiwan Strait. The UK government has publicly expressed support for Taiwan’s international participation on multiple occasions. And last November, the UK House of Commons passed a motion clearly asserting that United Nations General Assembly Resolution 2758 does not mention Taiwan. These actions attest to the UK’s belief in supporting democracy and peace, and have further solidified our countries’ friendship. I would like to convey my deepest gratitude to the UK government and parliament.  Currently, the UK is Taiwan’s fourth largest trading partner in Europe and second largest source of investment from Europe. We enjoy close economic and trade ties, and our industries complement each other well. There is also great potential for collaboration in such fields as semiconductors, AI, unmanned vehicles, and medium- and low-orbit satellites. We look forward to expanding exchanges with the UK across all domains so as to enhance democratic and economic resilience. We also hope the UK will continue to support Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership so that together, we can work with more like-minded partners, jointly advancing the prosperous development of the Indo-Pacific region and economic security around the world. Once again, I welcome Representative Bradley-Jones to Taiwan and wish her all the best with her work. I anticipate that Taiwan-UK relations will continue to steadily advance through our joint efforts. Representative Bradley-Jones then delivered remarks, first saying in Mandarin that she is honored to meet with President Lai to discuss topics of mutual concern and jointly deepen Taiwan-UK relations, promoting mutual understanding, respect, and cooperation. She went on to say that she came to Taiwan last August to study Mandarin, and began her post as British Office Taipei representative in February this year, noting that every day she learns more about and gains a deeper understanding of Taiwan. Last year, she said, she visited Tainan and Wanli, and found Tainan’s wetlands and the scenery in Wanli very impressive. She added that she has also tried many different Taiwanese foods, and is looking forward to experiencing even more of Taiwan’s local culture and customs over the next four years. Continuing her remarks in English, Representative Bradley-Jones stated that since taking up her post, she has borne witness to the strength of the relationship between Taiwan and the UK and the potential for it to continue to grow. She said that on trade and investment, there is significant complementarity between Taiwan’s Five Trusted Industry Sectors and the UK’s Industrial Strategy, particularly in areas such as digital technologies, advanced manufacturing, and clean energy. Both governments are also together supporting Taiwan and UK businesses through our Enhanced Trade Partnership and annual trade talks, she said. Representative Bradley-Jones went on to say that on science and technology, Taiwan and the UK can and should do more together. She noted that the UK has the third largest tech sector in the world and is valued at over US$1.1 trillion, while Taiwan is the center of the semiconductor and AI hardware world. Given our complementary strengths, especially in areas such as semiconductors, space, and communications technology, she said, the UK has stepped up its level of activity in Taiwan, including by regularly hosting a UK Pavilion at SEMICON and funding 18 joint R&D programs through our new collaborative R&D fund, and looks forward to doing more together in the future.  In support of Taiwan’s whole-of-society resilience, the representative said, the UK is supporting valuable exchanges, co-hosting GCTF (Global Cooperation and Training Framework) workshops, sharing lessons on financial sector resilience, and reaching out to mayors and community leaders across Taiwan. From financial resilience to cyber resilience, she said, the UK’s public sector and private industries have plenty to share and learn. Representative Bradley-Jones stated that on people-to-people links, parliamentarians, civil society, and academics are continuing to deepen contact, and that she is particularly excited by a new smart parliament partnership agreed upon by the Taiwan Foundation for Democracy and the UK’s Westminster Foundation for Democracy, which aims to facilitate cross-party, cross-society, and cross-border exchanges on issues such as democratic governance, AI, inclusive policy-making, and public safety. The representative indicated that the examples she mentioned just scratch the surface of the full potential of the Taiwan-UK relationship. She said that the UK’s longstanding policy remains unchanged, and fundamentally, that is because we share a common set of values and interests. We are together focused on how to make our societies safer and more prosperous tomorrow than they are today, she said, and as like-minded democracies, innovative economies, and practical partners, the sincere and pragmatic cooperation between Taiwan and the UK is bringing material benefits to the prosperity and well-being of our people every day. 

    Details
    2025-03-21
    President Lai meets Alaska Governor Mike Dunleavy
    On the morning of March 21, President Lai Ching-te met with a delegation led by Alaska Governor Mike Dunleavy. In remarks, President Lai said that Alaska has long been an important trading partner of Taiwan, and that we have built a solid foundation for cooperation in such fields as energy, fisheries, and tourism. The president expressed hope that Taiwan and Alaska will have more frequent engagement and exchanges so that our relations can continue to grow to create prosperous development for both sides. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend my sincerest welcome to our guests. This is Governor Dunleavy’s first visit to Taiwan, and last night, we both attended the Hsieh Nien Fan (謝年飯) banquet hosted by the American Chamber of Commerce in Taiwan. I am delighted to have this opportunity to meet with Governor Dunleavy today at the Presidential Office for further dialogue. Alaska has long been an important trading partner of Taiwan. Our sister-state relationship was established in 1988, and we have built a solid foundation for cooperation in such fields as energy, fisheries, and tourism. Currently, Taiwan is Alaska’s eighth largest export market and ninth largest source of imports. This goes to show just how close our trade and economic ties are and how much potential there is for further growth. As I said in my remarks at last night’s Hsieh Nien Fan banquet, Taiwan is interested in buying Alaskan natural gas. I am sure that Governor Dunleavy’s visit will help us explore even more opportunities for cooperation and continue to deepen Taiwan-United States relations. In the face of such challenges as expanding authoritarianism, climate change, and pandemics, we look forward to strengthening collaboration between Taiwan and the US. By drawing on our strengths, we can jointly build non-red supply chains to bolster our economic resilience and drive the advancement of global technology. I want to thank the US government for reiterating the importance it attaches to peace and stability across the Taiwan Strait and its opposition to any attempt to change the status quo by force or coercion. These statements backing Taiwan help in maintaining stability across the Taiwan Strait and in the Indo-Pacific region. Once again, I thank Governor Dunleavy for traveling such a long way to Taiwan. We hope to see more frequent engagement and exchanges between Taiwan and Alaska so that our relations can continue to grow, and we can create prosperous development for both sides. Governor Dunleavy then delivered remarks, saying that their trip to visit friends in Taiwan has been fantastic, thanking President Lai for the invitation to meet, and thanking all the staff. Governor Dunleavy said that as the pandemic was raging, the world went from “before COVID” to “after COVID.” Before COVID, he said, the world relied on a number of systems that were in place for decades after World War II involving supply chains, alliances, sources of energy, trading partners, and friends. He went on to say that as we go beyond COVID, we are reestablishing and reevaluating who our friends are, where we are going to get our energy, and who our trading partners are going to be. The governor said that we are creating a new world for the next 50 years with the new administration in Washington, and this is an opportunity for us to reevaluate and reinvest with our friends for the next 50 years in each other, our futures, and our security. Governor Dunleavy stated that one thing is for certain: that Taiwan is a friend of the US and a friend of Alaska, and has been for many, many decades. He said that it is their hope in this trip and subsequent trips to establish an even tighter bond among their friends in Taiwan, the US, and Alaska. The governor also said that we have much in common in that we are members of the Pacific family, are democracies, and believe in freedom, free speech, and capitalism. He indicated that he has much optimism for the future, and that as we reestablish relationships throughout the world, energy is going to be the key and the basis for our economic development, our national security, and our friendship. Governor Dunleavy said that he believes this trip is going to lay the groundwork for a fantastic future between Taiwan, Alaska, and the US, and that with President Lai’s support as well as the support of the US administration, we can work together to build even better relationships.

    Details
    2025-03-20
    President Lai attends AmCham Taiwan 2025 Hsieh Nien Fan
    On the evening of March 20, President Lai Ching-te attended the annual Hsieh Nien Fan (謝年飯) banquet hosted by the American Chamber of Commerce in Taiwan (AmCham Taiwan). In remarks, President Lai pointed out that the United States is now a major source of investment in Taiwan, adding that last year US investment accounted for 11.5 percent of total foreign investment in Taiwan. The president also pointed out that the US has become Taiwan’s largest investment destination, as Taiwan’s direct and indirect investment in the US accounted for more than 40 percent of its total outbound investment last year. President Lai expressed hope that AmCham will continue to offer support in quickly resolving the issue of double taxation, further enhancing the mutually beneficial Taiwan-US economic and trade partnership. He also emphasized that one essential element for our economic prosperity is maintaining security and stability, both regionally and globally. The president expressed his belief that, so long as we coordinate our efforts, we can achieve more in our respective defense industries and build non-red supply chains, advancing peace, stability, and prosperity. A transcript of President Lai’s remarks follows: I’m delighted to be here tonight. I want to wish everyone and their families a happy, healthy, and prosperous year ahead. For many years now, AmCham has acted as a bridge between Taiwan and the US. It not only advocates for Taiwan to various sectors in the US, but also offers advice for the development of Taiwan’s industries. So tonight, I would like to express my deepest gratitude to all our friends from the American business community. The 2025 Business Climate Survey, published by AmCham this January, demonstrates the confidence foreign businesses have in the Taiwan market. We are happy to see that over 80 percent of survey respondents reported stable or increased revenue last year, and around 80 percent expressed confidence in Taiwan’s economic prospects for the coming year. Moreover, 90 percent of businesses surveyed are planning to maintain or expand their investments in Taiwan. The positive developments in Taiwan made by our American friends here tonight, their outlook for the future, and their confidence in Taiwan, are further proof of Taiwan’s ideal environment for investment. The US is now a major source of investment in Taiwan. Last year, US investment accounted for 11.5 percent of total foreign investment in Taiwan. In 2023, Entegris opened a new manufacturing facility in Kaohsiung and Micron launched a new facility in Taichung. Last year, Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been choosing Taiwan to expand their presence. Over the past several years, the US has also become Taiwan’s largest investment destination. Taiwan’s direct and indirect investment in the US accounted for more than 40 percent of our total outbound investment last year. Four years ago, TSMC’s [Taiwan Semiconductor Manufacturing Company] investment in facilities in Arizona became the biggest FDI [foreign direct investment] in a greenfield project in US history. And this month, TSMC announced it would expand that investment, breaking another record and highlighting the enduring prosperity shared by Taiwan and the US. In addition to TSMC, Taiwan’s GlobalWafers has built a 12-inch silicon wafer factory in Texas, the biggest in the US. This will be followed by many other industries. These companies are confidently expanding their global presence across the Pacific and eastward into the Americas. The US is moving to reindustrialize its manufacturing industry and consolidate high-tech leadership, as it moves to become a global AI hub. In these efforts, Taiwan is an indispensable partner for the US. While the US is a leader in chip design, Taiwan’s semiconductor manufacturing plays an irreplaceable part in the supply chain. Adapting to the changing geopolitical landscape and the coming era of smart technology, Taiwan will continue to promote its Five Trusted Industry Sectors of semiconductors, AI, military, next-gen communications, and security and surveillance. This will drive the next stage in our economic development. A great time to invest in Taiwan is now. We will continue to better connect relevant government agencies and align with international standards to foster a friendlier investment environment. And I am confident that Taiwanese and American companies can leverage their respective high-tech expertise and invest in each other, boosting growth in industrial innovation and development for both our economies. At the same time, we hope to continue deepening Taiwan-US trade relations. Last year, Taiwan was the seventh largest trading partner of the US, up one spot from the previous year, and bilateral trade grew by 24.2 percent. Taiwan is going to expand procurement from the US of industrial and agricultural products, as well as natural gas. I am very happy to welcome Governor [Mike] Dunleavy of Alaska, who has specially come all the way to Taiwan. Alaska is a source of high-quality natural gas, and its relatively short distance from Taiwan facilitates transportation. So we are very interested in buying Alaskan natural gas because it can meet our needs and ensure our energy security. We hope that AmCham will continue to offer support in quickly resolving the issue of double taxation and removing tax barriers to bilateral investment and trade, further enhancing the mutually beneficial Taiwan-US economic and trade partnership. One essential element for our economic prosperity is maintaining security and stability, both regionally and globally. So we are grateful for the joint leaders’ statement issued by [US] President [Donald] Trump and Japan’s Prime Minister Ishiba Shigeru, in which they expressed their solid support for maintaining peace and stability across the Taiwan Strait. As we face growing authoritarianism, Taiwan will continue to uphold our values of freedom and democracy and will be a responsible actor in regional and global security. Currently, Taiwan’s defense budget stands at about 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. At the same time, we will continue to reform national defense, further enhancing Taiwan’s self-defense capabilities. And we will advance our cooperation with the US and other democracies in upholding regional stability and prosperity. We also welcome continued Taiwan-US cooperation in the defense sector. I believe that, so long as we coordinate our efforts, we can achieve more in our respective defense industries and build non-red supply chains, advancing peace, stability, and prosperity. In closing, I look forward to seeing even greater achievements from Taiwan-US economic and trade cooperation. Thank you. After remarks, President Lai, AmCham Chairperson Dan Silver, American Institute in Taiwan Taipei Office Director Raymond Greene, and Governor Dunleavy raised their glasses in recognition of the strong Taiwan-US friendship.  

    Details
    2025-04-06
    President Lai delivers remarks on US tariff policy response
    On April 6, President Lai Ching-te delivered recorded remarks regarding the impact of the 32 percent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. In his remarks, President Lai explained that the government will adopt five response strategies, including making every effort to improve reciprocal tariff rates through negotiations, adopting a support plan for affected domestic industries, adopting medium- and long-term economic development plans, forming new “Taiwan plus the US” arrangements, and launching industry listening tours. The president emphasized that as we face this latest challenge, the government and civil society will work hand in hand, and expressed hope that all parties, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. A translation of President Lai’s remarks follows: My fellow citizens, good evening. The US government recently announced higher tariffs on countries around the world in the name of reciprocity, including imposing a 32 percent tariff on imports from Taiwan. This is bound to have a major impact on our nation. Various countries have already responded, and some have even adopted retaliatory measures. Tremendous changes in the global economy are expected. Taiwan is an export-led economy, and in facing future challenges there will inevitably be difficulties, so we must proceed carefully to turn danger into safety. During this time, I want to express gratitude to all sectors of society for providing valuable opinions, which the government regards highly, and will use as a reference to make policy decisions.  However, if we calmly and carefully analyze Taiwan’s trade with the US, we find that last year Taiwan’s exports to the US were valued at US$111.4 billion, accounting for 23.4 percent of total export value, with the other 75-plus percent of products sold worldwide to countries other than the US. Of products sold to the US, competitive ICT products and electronic components accounted for 65.4 percent. This shows that Taiwan’s economy does still have considerable resilience. As long as our response strategies are appropriate, and the public and private sectors join forces, we can reduce impacts. Please do not panic. To address the reciprocal tariffs by the US, Taiwan has no plans to adopt retaliatory tariffs. There will be no change in corporate investment commitments to the US, as long as they are consistent with national interests. But we must ensure the US clearly understands Taiwan’s contributions to US economic development. More importantly, we must actively seek to understand changes in the global economic situation, strengthen Taiwan-US industry cooperation, elevate the status of Taiwan industries in global supply chains, and with safeguarding the continued development of Taiwan’s economy as our goal, adopt the following five strategies to respond. Strategy one: Make every effort to improve reciprocal tariff rates through negotiations using the following five methods:  1. Taiwan has already formed a negotiation team led by Vice Premier Cheng Li-chiun (鄭麗君). The team includes members from the National Security Council, the Office of Trade Negotiations, and relevant Executive Yuan ministries and agencies, as well as academia and industry. Like the US-Mexico-Canada free trade agreement, negotiations on tariffs can start from Taiwan-US bilateral zero-tariff treatment. 2. To expand purchases from the US and thereby reduce the trade deficit, the Executive Yuan has already completed an inventory regarding large-scale procurement plans for agricultural, industrial, petroleum, and natural gas products, and the Ministry of National Defense has also proposed a military procurement list. All procurement plans will be actively pursued. 3. Expand investments in the US. Taiwan’s cumulative investment in the US already exceeds US$100 billion, creating approximately 400,000 jobs. In the future, in addition to increased investment in the US by Taiwan Semiconductor Manufacturing Company, other industries such as electronics, ICT, petrochemicals, and natural gas can all increase their US investments, deepening Taiwan-US industry cooperation. Taiwan’s government has helped form a “Taiwan investment in the US” team, and hopes that the US will reciprocate by forming a “US investment in Taiwan” team to bring about closer Taiwan-US trade cooperation, jointly creating a future economic golden age.  4. We must eliminate non-tariff barriers to trade. Non-tariff barriers are an indicator by which the US assesses whether a trading partner is trading fairly with the US. Therefore, we will proactively resolve longstanding non-tariff barriers so that negotiations can proceed more smoothly. 5. We must resolve two issues that have been matters of longstanding concern to the US. One regards high-tech export controls, and the other regards illegal transshipment of dumped goods, otherwise referred to as “origin washing.” Strategy two: We must adopt a plan for supporting our industries. For industries that will be affected by the tariffs, and especially traditional industries as well as micro-, small-, and medium-sized enterprises, we will provide timely and needed support and assistance. Premier Cho Jung-tai (卓榮泰) and his administrative team recently announced a package of 20 specific measures designed to address nine areas. Moving forward, the support we provide to different industries will depend on how they are affected by the tariffs, will take into account the particular features of each industry, and will help each industry innovate, upgrade, and transform. Strategy three: We must adopt medium- and long-term economic development plans. At this point in time, our government must simultaneously adopt new strategies for economic and industrial development. This is also the fundamental path to solutions for future economic challenges. The government will proactively cooperate with friends and allies, develop a diverse range of markets, and achieve closer integration of entities in the upper, middle, and lower reaches of industrial supply chains. This course of action will make Taiwan’s industrial ecosystem more complete, and will help Taiwanese industries upgrade and transform. We must also make good use of the competitive advantages we possess in such areas as semiconductor manufacturing, integrated chip design, ICT, and smart manufacturing to build Taiwan into an AI island, and promote relevant applications for food, clothing, housing, and transportation, as well as military, security and surveillance, next-generation communications, and the medical and health and wellness industries as we advance toward a smarter, more sustainable, and more prosperous new Taiwan. Strategy four: “Taiwan plus one,” i.e., new “Taiwan plus the US” arrangements: While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. This has been our national economic development strategy, and the most important aspect is maintaining a solid base here in Taiwan. We absolutely must maintain a solid footing, and cannot allow the present strife to cause us to waver. Therefore, our government will incentivize investments, carry out deregulation, and continue to improve Taiwan’s investment climate by actively resolving problems involving access to water, electricity, land, human resources, and professional talent. This will enable corporations to stay in Taiwan and continue investing here. In addition, we must also help the overseas manufacturing facilities of offshore Taiwanese businesses to make necessary adjustments to support our “Taiwan plus one” policy, in that our national economic development strategy will be adjusted as follows: to stay firmly rooted in Taiwan while expanding our global presence, strengthening US ties, and marketing worldwide. We intend to make use of the new state of supply chains to strengthen cooperation between Taiwanese and US industries, and gain further access to US markets. Strategy five: Launch industry listening tours: All industrial firms, regardless of sector or size, will be affected to some degree once the US reciprocal tariffs go into effect. The administrative teams led by myself and Premier Cho will hear out industry concerns so that we can quickly resolve problems and make sure policies meet actual needs. My fellow citizens, over the past half-century and more, Taiwan has been through two energy crises, the Asian financial crisis, the global financial crisis, and pandemics. We have been able to not only withstand one test after another, but even turn crises into opportunities. The Taiwanese economy has emerged from these crises stronger and more resilient than ever. As we face this latest challenge, the government and civil society will work hand in hand, and I hope that all parties in the legislature, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. Let us join together and give it our all. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI China: France to recall ambassador, expel 12 Algerian diplomats

    Source: China State Council Information Office

    French Foreign Minister Jean-Noel Barrot announced on Tuesday that France will recall its ambassador to Algeria and expel 12 Algerian diplomatic staff stationed in France in a reciprocal move.

    Barrot made the announcement on his X account after Algeria ordered 12 French diplomats to leave the country within 48 hours on Monday.

    In a press release published on Tuesday, the Elysee said Algerian authorities should take full responsibility for a “sudden” deterioration in bilateral relations.

    “In this context, France will proceed with the symmetrical expulsion of twelve agents serving in the Algerian consular and diplomatic network in France. The President of the Republic has decided to recall the French Ambassador to Algiers, Mr. Stephane Romatet, for consultations,” the Elysee said.

    Relations between France and Algeria have deteriorated in recent months, partly due to the hardline stance of the French interior minister. Although both sides expressed a willingness to improve ties following Barrot’s visit to Algeria on April 6, tensions escalated after France indicted a consular official over suspected involvement in the 2024 abduction of an Algerian government opponent.

    MIL OSI China News

  • MIL-OSI Russia: Dedicated to the heroes. Moscow museum projects for the 80th anniversary of Victory

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    City museums are preparing special projects dedicated to the 80th anniversary of victory in the Great Patriotic War. About what exhibitions can be seen in the Moscow Museum of Modern Art, the State Museum of the Defense of Moscow and other cultural institutions – in the material mos.ru.

    “Dedicated to Heroes” at the Ilya Glazunov Gallery

    Dates: April 3 – December 30

    Address: Izmailovsky Boulevard, Building 30

    Age limit: 6

    The exhibition “Dedicated to Heroes” introduces the indomitable strength and courage of the Russian army, captured in the paintings of naive artists and in the works of masters of heroic popular prints. The exhibition presents works dedicated not only to the Great Patriotic War, but also to the stories of other military exploits over many centuries.

    Popular prints on military subjects are unique documents, they preserve the people’s memory of the exploits and glory of heroes. Many popular prints still serve as a source of knowledge about the military history of tsarist Russia.

    Buy tickets you can on mos.ru.

    “Immortal Regiment of Russian Geneticists” at the State Darwin Museum

    Dates: April 15 – June 29

    Address: Vavilov street, house 57, building 1

    Age limit: 12

    The scientists discussed at the thematic exhibition in the State Darwin Museum are the cream of Russian genetics. They made a great contribution to the overall victory. Among the front-line soldiers were famous practicing doctors of science who managed to distinguish themselves during the war years, many were awarded military orders and medals, and achieved high military ranks. Visitors will be able to see portraits of outstanding geneticists, learn about their scientific work, participation in military operations, and awards.

    You can visit the exhibition with an entrance ticket to the museum.

    “Hero Cities” at the State Museum of the Defense of Moscow

    Dates: April 18 – June 30

    Address: Michurinsky Prospect, Olympic Village, Building 3

    Age limit: 6

    The new exhibition will be dedicated to 12 cities of the Soviet Union and the Brest Fortress, which became famous for their heroic defense during the Great Patriotic War and received the titles of “Hero City” and “Hero Fortress”.

    The exhibition will feature unique items from the collection of the State Museum of the Defense of Moscow. The hero cities will be represented by graphics by Ivan Tsarevich, Vasily Medvedev, Pavel Baranov, Vasily Konovalov, Yaroslav Titov and other artists who fought at the front. The works reflect the mood of the war years: the will to win, the suffering of civilians and the hard work of soldiers. Each painting is a true portrait of the city.

    Buy tickets you can on mos.ru.

    “The Darwin Museum during the Great Patriotic War” at the State Darwin Museum

    Dates: April 22 – July 27

    Address: Vavilov street, house 57, building 1

    Age limit: 6

    Visitors will learn how the State Darwin Museum survived many difficult trials from 1941 to 1945, but did not stop its educational activities. The exhibition is based exclusively on items from the institution’s collections: photographs, archival materials, original and printed graphics.

    Already in the third week of the war, several employees went to the front with the people’s militia units, and 11 people continued to work in the museum, for whom it became a matter of honor to preserve the collections and throw the ideas reflected in them into the fight against the enemy.

    The specialists took patronage over several Moscow hospitals, where they carried out cultural and educational work. In a short period of time, they prepared lectures, supplemented with visual material. For example, the theme “Animals on the Fronts of the Great Patriotic War” was illustrated by paintings by Konstantin Flerov and Alexey Komarov, painted within the walls of the Darwin Museum during this difficult time.

    Entrance to the exhibition – with a museum ticket.

    Exhibition for the 80th anniversary of the victory in the Great Patriotic War at the Nikolai Ostrovsky Museum

    Dates: April 22 – June 29

    Address: Tverskaya street, house 14

    Age limit: 0

    Nikolai Ostrovsky was a figure inspiring Soviet people to feats – during the Great Patriotic War, not only military equipment but also military units of various purposes (for example, partisans) bore his name. The new exhibition will tell about the lives and feats of people united by a common goal.

    Visitors will see exhibits evacuated from the museum in August 1941, letters from frontline soldiers, and materials about the Ostrovsky family’s participation in the Great Patriotic War. The exhibition will feature documents and photographs from the institution’s employees’ archives, telling about their work at the front and support for servicemen in the rear.

    Among the interesting exhibits is the book “How the Steel Was Tempered”, donated by members of the Nikolai Ostrovsky partisan detachment, which was part of the Alexander Suvorov brigade. In rare moments of rest, the fighters were inspired by the story of Pavka Korchagin, whose main motto was the words: “Only forward, only to the line of fire, only through difficulties to victory.”

    Entrance to the exhibition – with a museum ticket.

    “Maestro, take off!” at the Cosmonautics Museum

    Dates: April 24 – October 6

    Address: Mira Avenue, Building 111

    Age limit: 6

    The 5th Guards Fighter Aviation Berlin Red Banner Order of Bohdan Khmelnitsky Regiment (5th GIAP) became the most effective air combat unit of the Great Patriotic War. The pilots carried out over 15 thousand combat sorties, destroyed over 700 enemy aircraft, inflicted great damage on ground troops, and collected important intelligence data.

    The profession of a pilot was extremely popular and in demand in the USSR in the first half of the 20th century. The exploits of its representatives had a huge impact on the younger generation: the flight of Valery Chkalov, the rescue of the Chelyuskinites, in which the future head of the first cosmonaut detachment Nikolai Kamanin took part, the dropping of the Victory Banner on the roof of the Reichstag (for this the 5th GIAP received the title of “Berlin”). Yuri Gagarin in his autobiography described a meeting with pilots during the occupation and his admiration for these amazing people: “In the morning the pilots flew away, leaving behind bright memories. Each of us wanted to fly, to be as brave and beautiful as they were. We experienced some strange, unknown feeling.” The first cosmonauts, whose childhood fell on the war years, became military pilots – thus the baton of heroes was passed on.

    The exhibition is based on the story of two people united by the goal of preserving the memory of the heroic past of their ancestors: the son of ace pilot Ivan Laveykin, Hero of the Soviet Union, USSR pilot-cosmonaut No. 61 Alexander Laveykin, and the great-grandson of sniper Vasily Zaytsev, Vladimir Donshin.

    Visitors will see the squadron’s authentic battle flag — a sacred symbol of the regiment, personifying the glory and valor of the military unit. Descendants of the heroes will help them learn their stories: the exhibition will feature documentary and photo materials, personal belongings, including priceless relics — uniforms and awards. One of the sections of the exhibition will be a large-scale video installation, which combines newsreel footage and fragments of the film “Only Old Men Are Going to Battle”. Among the artifacts on display is the heart of the legendary combat vehicle, the fiery engine. At the end of the exhibition, you can learn the story of the feat of Pyotr Kalsin, who was nominated for the title of Hero of the Soviet Union, but did not have time to receive the award, as he went missing.

    Entrance to the exhibition – with museum tickets.

    “And courage, like a banner, was carried” in the Alexander Shilov Gallery

    Dates: April 24 – May 30

    Address: Znamenka street, building 5

    Age limit: 6

    “Such concepts as love for the Motherland, readiness to defend it, the image of a person standing guard over the Fatherland have always been very close to me,” says Hero of Labor of the Russian Federation, People’s Artist of the USSR Alexander Shilov. The theme of the Great Patriotic War is one of the main ones in his work, portraits of veterans are a genuine chronicle of the war years created by the artist. With these images, Alexander Shilov tells about courage, patriotism, high human dignity of people who went through severe trials. His heroes were generals and doctors, pilots and sailors, partisans, intelligence officers and ordinary soldiers.

    Over the years of his work, the master has created the history of Russia in faces. The exhibition will feature the following portraits: “On Victory Day. Machine Gunner P.P. Shorin”, “Sister of Mercy (Elena Mikhailovna Ogneva)”, “Special Purpose Partisan M. Stroganov”, “War Veteran I.F. Rubtsov”, “Hero of the Soviet Union Attack Pilot V.B. Yemelyanenko”, “Participant in the Victory Parade Colonel N.A. Gorbachev”, “Hero of the Soviet Union Intelligence Officer G.A. Vartanyan” and a number of other paintings. More than 50 portraits, each with its own story, its own destiny. You can get acquainted with them at the exhibition “And Courage, Like a Banner, They Carried”.

    Tickets – on mos.ru.

    “Victory Salute” at the State Museum of the Defense of Moscow

    Dates: April 25 – August 31

    Address: Michurinsky Prospect, Olympic Village, Building 3

    Age limit: 6

    On May 9, 1945, to commemorate the victory over Germany, a special salute was given in Moscow: 30 artillery salvos from one thousand guns, accompanied by the cross-beams of 160 searchlights and the launch of multi-colored rockets.

    The Victory Salute is an exceptional event with unique aesthetics and impeccable organization based on engineering and management solutions that were unique for its time. The exhibition at the State Museum of Defense of Moscow will tell the story of this most regulated festive event. The exposition will feature paintings, photographs, and rare materials from personal archives.

    Tickets are available for purchase on mos.ru.

    “With faith in the victory of life…” in the panorama museum “Battle of Borodino”

    Dates: April 29 – July 20

    Address: Kutuzovsky Prospect, Building 38, Building 1

    Age limit: 12

    The exhibition will feature drawings by Nikolai Zhukov, Leonid Golovanov, Vladimir Gorbachenko, Anatoly Gorpenko, Pavel Kirpichev, Yuri Tsishevsky, Dmitry Pyatkin and other front-line artists. They showed how peaceful life was gradually reviving in the territories liberated from occupation. At the same time, the drawings are filled with tragic signs of war, reminding us that battles had recently taken place here. But these works are characterized by faith in victory, historical optimism and humanism.

    You can buy tickets on mos.ru.

    “Victory Park. Images of Memory in Contemporary Russian Art” at the Moscow Museum of Modern Art

    Dates: April 30 – August 24

    Address: Petrovka street, house 25, building 1

    Age limit: 6

    The exhibition at the Moscow Museum of Modern Art dedicated to the victory in the Great Patriotic War focuses on modern sculptural monuments. Each room will feature photographs, texts and other exhibits to present a monument, and works from the museum’s collection will be gathered around it.

    Visitors will be able to see how the themes of war and Victory have been represented over the last three decades. These events, which in one way or another touched every corner of the country, became a powerful impulse for artists who created countless works throughout Russia and beyond. The exhibition will feature photographs, texts and graphics created at the front, as well as works by veteran and nonconformist artists such as Ernst Neizvestny, Nikolai Vechtomov, Vadim Sidur and other masters.

    Tickets are available for purchase on mos.ru.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/152643073/

    MIL OSI Russia News

  • MIL-OSI Russia: The director of the project “Smersh. 1944” spoke about filming in the cinema park “Moskino”

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Ahead of the premiere of the action-packed detective film with elements of a thriller, SMERSH. 1944, the project’s director, Mikhail Kabanov, shared his impressions of the filming at the Moskino cinema park. They took place on the Vitebsk Station, Moscow in the 1940s, and County Town locations.

    “The Moskino Cinema Park became a virtual salvation for the SMERSH. 1944 series during the filming of a historical war movie. It is very convenient for production. We need historical Moscow – it is there, and different, we need a village from the times of the Great Patriotic War – it is there too. A concentration camp, a train station, and now there are even more of them, because during the filming the construction of new facilities did not stop. With such a number of different sites, it is even easier to write scripts, knowing in advance where it is possible to film. The Moskino Cinema Park is a vital facility for the future of Russian films, and I am glad that our group has already joined the ranks of teams filming series and full-length films in this wonderful place,” said Mikhail Kabanov.

    Filming of the action series about the clash between the secret intelligence services of the USSR and Nazi Germany during the Great Patriotic War also took place in the Moscow region, Kostroma and Yaroslavl.

    Line producer of the project “Smersh. 1944” Marina Platova noted that the cinema park “Moskino” is developing rapidly and allows to easily implement many ideas that are very difficult to implement in the city: filming driveways, shots using pyrotechnics. The cinema park is a concentration of objects for historical projects that are now difficult to find.

    Marina Platova organizes filming and coordinates the filming process. For her, nuances are always important, each of which affects the speed and quality of work: the distance of the parking lot from the site, the possibility of delivering and installing equipment and scenery, infrastructure and safety. All these and many other issues in the cinema park can be quickly resolved.

    According to the plot, the events of the series unfold in 1944. Victory is close, but the Germans are desperately looking for a way to turn the tide of the war and defeat the Soviet army. To do this, they actively use their intelligence. Two SMERSH counterintelligence captains Konstantin Lavrov and Pavel Semenov enter into a deadly battle with the enemy. On the front lines and in the rear, risking their lives, they carry out the most difficult tasks of the command, disrupting the plans of the Germans.

    The main characters were played by Igor Petrenko and Vladislav Kotlyarsky. The series also starred Lyanka Gryu, Anastasia Mikulchina, Pavel Kharlanchuk, Sergey Ivanyuk, Sergey Komarov, Leonid Gromov and other actors. The premieres of the first parts of the franchise – “SMERSH” and “SMERSH. Continuation” – took place in 2019 and 2022, respectively.

    The Moskino cinema park is part of Sergei Sobyanin’s “Moscow – City of Cinema” project and an object of the Moscow cinema cluster, which is being developed by the capital Department of CultureThe first stage of creation has already been completed here: 24 natural sites, four pavilions and six infrastructure facilities have been built, including the sets of “Center of Moscow”, “Moscow in the 1940s”, “Vitebsk Station”, “Yurovo Airport”, “Cathedral Square of Moscow”, “Deaf Village”, “County Town”, “Cowboy Town”, “St. Petersburg Bar” and other sites.

    The Moscow Film Cluster is an infrastructure facility, services and facilities for filmmakers, which are being developed by the Moscow Government within the framework of the Moscow — City of Cinema project. Its structure includes the Moskino film park, the Gorky Film Studio (sites on Sergei Eisenstein Street and Valdaisky Proyezd), the Moskino film factory, the Moskino cinema chain, the film commission and the Moskino film platform.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/152622073/

    MIL OSI Russia News

  • MIL-Evening Report: Half of Australian landlords sell their investments after 2 years, adding to renters’ insecurity

    Source: The Conversation (Au and NZ) – By Ranjodh B. Singh, Senior Economics and Finance Lecturer, Curtin University

    Marc Bruxelle/Shutterstock

    Australia’s renters have to battle rising rents and a lack of available properties. They also face ongoing instability. Our new research suggests half of all landlords sell their investment properties after only two years, adding to renters’ insecurity.

    Our study released by the Australian Housing and Urban Research Institute, models the behaviour of landlords using longitudinal data from 2001 to 2021. It looks at what motivates small-scale investors to buy, sell or keep their rental properties.

    This work can inform future planning for the private rental sector, which has been projected to continue expanding. Both Labor and the Coalition were strongly criticised for making little mention of renters or supply in their housing policies released on Sunday.

    The short-term owners

    Those landlords who got rid of their investment after two years, sometimes sooner, often did so because they hadn’t counted on the additional costs of property ownership or their circumstances changed because they divorced or lost their job.



    While younger people aged 25–34 years were more likely to buy a rental
    property compared to other age groups, this group was also more likely to sell their property sooner.

    Landlords who sold after two years or less, were more likely to be women, unemployed, unmarried and with low-to-moderate incomes.

    How this makes renting less secure

    Landlords who sell after a relatively short investment period disrupt the supply of private rental housing, which can potentially have a negative impact on both tenant security and affordability.

    This includes unplanned moves for renters after a notice period, as well as possible increases in the amount of rent they have to pay. This type of exposure to precarious housing conditions adversely affects the wellbeing of tenants.

    This is especially important given that the share of private renters in Australia has risen over the last 20 years and there is ongoing concern about affordability among private renters. Private renters now represent about 30% of the market.

    What motivates landlords?

    Understanding the factors that increase the likelihood of landlords holding onto a property will contribute to tenure security in the rental sector.

    These landlords tend to have higher educational qualifications, higher incomes and smaller mortgages on their own homes. As such, these landlords are financially stable and are able to withstand the higher economic costs of holding a rental property.

    Our findings show there is value in establishing programs that offer education on property investment. This could support landlords’ efforts to hold their rental properties. It could also increase the supply of long-term rental housing for tenants.

    As well, there should be more rigorous financial risk assessments by lenders and appropriate regulations so those who buy rental investment properties can afford to hold them.

    Potential impact of policy changes

    Policy changes that affect the costs of supplying rental housing for landlords could also have affordability consequences for renters.

    Landlords will only continue to invest in the rental market if market conditions offer them income relative to their property values.

    For instance, policy changes that apply long-term freezes to rent increases will reduce rental yields for landlords. This might in turn hurt the supply of rental properties available to renters.

    Changes to policies affecting landlords’ tax positions could also have major impacts on whether they keep their rental investment over time.

    For instance, if changes are made to capital gains tax and interest rates that directly increase the landlord’s cost of holding an investment property, they will likely pass these costs on to tenants.

    As a consequence, rents would become less affordable. Any changes to tax settings that affect landlords need to be rolled out incrementally. This will avoid destabilising rental markets and reducing the supply of housing available for tenants.

    Why we need a secure rental market

    Increasing the supply of private rental dwellings would help make renting more affordable.

    Individuals who can afford investment properties add to the supply of private rental stock. And if they can hold their rentals for long periods, the rental market becomes even more secure.

    Those who can’t hold their rental investments for long can disrupt the supply of private rental housing, with potentially negative impacts on affordability and security.

    Our study has focused on individual landlords, which make up the majority of suppliers of rental housing in Australia. However, improving tenure security for renters will require more than just encouraging a stable flow of rental housing from individual landlords.

    For instance, increasing institutional investment in rental stock might result in more diverse and affordable housing options for renters.

    Social housing is also a crucial source of secure housing for those who cannot compete in the private rental market. There is now an urgent need to redress decades of under-investment in social housing in Australia.

    Ranjodh B. Singh has received funding from AHURI.

    Chris Leishman receives funding from AHURI, SMCA, ARC, ESRC, the Office of the National Housing Supply and Affordability Council, the Joseph Rowntree Foundation, Scottish Government, UK Government, Welsh Government, Northern Ireland Government, South Australia Government. He is a non-executive director of Housing Choices Australia, a Trustee for the UK’s Housing Studies Charitable Trust, Chair of the Australasian Housing Studies Association, editor of the Urban Studies journal, guest editor of the Regional Studies, Regional Studies journal. He is not a member of any political party in any country.

    Rachel Ong ViforJ is the recipient of an Australian Research Council Future Fellowship (project FT200100422). She also receives funding from the Australian Housing and Urban Research Institute.

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

    ref. Half of Australian landlords sell their investments after 2 years, adding to renters’ insecurity – https://theconversation.com/half-of-australian-landlords-sell-their-investments-after-2-years-adding-to-renters-insecurity-254578

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Zelensky meets Rutte on Ukrainian, European security

    Source: China State Council Information Office

    Ukrainian President Volodymyr Zelensky met on Tuesday with visiting North Atlantic Treaty Organization (NATO) Secretary General Mark Rutte to discuss Ukrainian and European security, the presidential press service reported.

    At the meeting in Ukraine’s southern city of Odesa, Zelensky and Rutte discussed various formats of cooperation between Ukraine and NATO member states, including in Ramstein format.

    The talks also focused on Ukraine’s relations with the U.S. and Washington’s efforts in negotiations with Russia.

    The report said Zelensky accused Russia of “ignoring the U.S. proposal for a full ceasefire” and continuing its strikes on Ukraine.

    Emphasizing the need to strengthen Ukraine’s air defense, Zelensky voiced hope for the implementation of air defense-related agreements with partners in Europe and the U.S.

    He also noted that the UK, France, and other NATO countries are actively laying the foundation for a security contingent in Ukraine.

    For his part, Rutte reaffirmed that the alliance will continue to stand with Ukraine.

    According to him, in the first three months of this year, NATO member states pledged over 20 billion euros (about 22.5 billion U.S. dollars) in security assistance to Ukraine for 2025.

    MIL OSI China News

  • MIL-OSI China: Xi’s Vietnam visit highlights ‘camaraderie plus brotherhood’

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

    HANOI, April 16 — On a balmy April morning in Hanoi, the second floor of the Hanoi International Convention Center hummed with anticipation, as representatives attending the Chinese and Vietnamese People’s Friendship Meeting waited eagerly to welcome a special guest from China.

    Around 10 a.m. (0300 GMT), Xi Jinping, general secretary of the Communist Party of China Central Committee and Chinese president, walked into the venue alongside General Secretary of the Communist Party of Vietnam Central Committee To Lam and Vietnamese President Luong Cuong. They strolled along the red carpet, smiling and waving to the hundreds of Chinese and Vietnamese delegates gathering there.

    Smiles, joy and applause filled the room. It felt, in many ways, like a family reunion.

    The Tuesday event was part of Xi’s fourth visit to Vietnam in a decade and his first overseas tour of the year. During each trip, he would quote on multiple occasions late Vietnamese leader Ho Chi Minh’s famous description of China-Vietnam relations — a bond of “camaraderie plus brotherhood.”

    That sentiment echoed in his speech on Tuesday, as he traced the deep historical ties between the two nations.

    The China-Vietnam friendship took root in the mutual support between the two peoples, Xi said, adding that they fought shoulder to shoulder for the just cause of national independence and liberation, and created a shared revolutionary legacy that shaped their deep friendship featuring “camaraderie plus brotherhood.”

    For Nguyen Vinh Quang, vice president of the Vietnam-China Friendship Association, the expression of “camaraderie plus brotherhood” remains the “best testament to that shared history of standing together through storm and stress, with unwavering loyalty.”

    “During Vietnam’s resistance wars against France and the United States, we received selfless assistance from China. It is a fact no one can or should ever forget,” he said.

    During his previous visits to Vietnam, Xi consistently emphasized the importance of passing on the traditional friendship between China and Vietnam to the younger generation. For him, the foundation of China-Vietnam friendship lies between the two peoples, and the future of this friendship will be created by the young people.

    When meeting with Chinese and Vietnamese youth representatives during his visit to Vietnam in 2015, Xi expressed a firm belief that the traditional China-Vietnam friendship will certainly span the long river of history, growing even deeper and newer in spite of time.

    When meeting representatives of young Chinese and Vietnamese and people who have contributed to the China-Vietnam friendship during his visit in 2023, Xi expressed the hope that the young people will take the lead in promoting bilateral friendship.

    On Tuesday, Xi said that in the next three years, China will invite Vietnamese youth to China for “Red Study Tours,” where they will explore the revolutionary heritage that underpins the bilateral friendship, and experience the dynamism of Chinese modernization.

    The launch of the “Red Study Tours” reflects both sides’ commitment to cherishing their shared revolutionary heritage, said Dao Ngoc Bau, director of the Institute of International Relations under the Ho Chi Minh National Academy of Politics.

    This initiative will help strengthen the friendship between the two peoples, particularly between the younger generations, he said.

    One of the attendees, Nguyen Quang Minh, a lecturer at Vietnam’s University of Transport and Communications, said he sensed from the speech “a steadfast resolve of China and Vietnam to pursue development hand in hand.”

    “Looking ahead,” he said, “the younger generations of both countries will draw strength from their shared history to drive mutual prosperity and progress.”

    MIL OSI China News

  • MIL-OSI China: Chinese shipbuilder delivers 24,000-TEU LNG dual-fuel container ship

    Source: China State Council Information Office

    A subsidiary of China State Shipbuilding Corporation Limited (CSSC) on Tuesday delivered an ultra-large 24,000-TEU liquefied natural gas (LNG) dual-fuel container ship to France’s CMA CGM Group.

    Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. delivered the vessel, CMA CGM SEINE, in Shanghai, marking the completion of the CSSC’s breakthrough construction of the world’s first ultra-large dual-fuel container ship. The dual-fuel power system allows the shipping company to use LNG or oil to power the ship.

    The vessel, which is 399 meters long and 61.3 meters wide, can carry 220,000 tonnes of goods. It can accommodate a total of 23,876 TEU containers, including up to 2,200 standard refrigerated containers. It is the first of four such vessels ordered by the French container shipping giant.

    With an 18,600-cubic-meter fuel bunker fully loaded with LNG, the ship can sail nearly 20,000 nautical miles.

    Compared to oil-powered container vessels of the same size, the ship emits approximately 20 percent less carbon dioxide and up to 85 percent less nitrogen oxides.

    The vessel is scheduled to be launched on a Far East-Europe route on April 18.

    To date, Hudong-Zhonghua Shipbuilding has delivered 17 container ships to CMA CGM Group, including 12 dual-fuel vessels. 

    MIL OSI China News

  • MIL-OSI United Nations: 16 April 2025 News release WHO Member States conclude negotiations and make significant progress on draft pandemic agreement

    Source: World Health Organisation

    After more than three years of intensive negotiations, WHO Member States took a major step forward in efforts to make the world safer from pandemics, by forging a draft agreement for consideration at the upcoming World Health Assembly in May. The proposal aims to strengthen global collaboration on prevention, preparedness and response to future pandemic threats.

    In December 2021, at the height of the COVID-19 pandemic, WHO Member States established the Intergovernmental Negotiating Body (INB)to draft and negotiate a convention, agreement or other international instrument, under the WHO Constitution, to strengthen pandemic prevention, preparedness and response.

    Following 13 formal rounds of meetings, nine of which were extended, and many informal and intersessional negotiations on various aspects of the draft agreement, the INB today finalized a proposal for the WHO Pandemic Agreement. The outcome of the INB’s work will now be presented to the Seventy-eighth World Health Assembly for its consideration.

    “The nations of the world made history in Geneva today,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “In reaching consensus on the Pandemic Agreement, not only did they put in place a generational accord to make the world safer, they have also demonstrated that multilateralism is alive and well, and that in our divided world, nations can still work together to find common ground, and a shared response to shared threats. I thank WHO’s Member States, and their negotiating teams, for their foresight, commitment and tireless work. We look forward to the World Health Assembly’s consideration of the agreement and – we hope – its adoption.”

    Proposals within the text developed by the INB include establishing a pathogen access and benefit sharing system; taking concrete measures on pandemic prevention, including through a One Health approach; building geographically diverse research and development capacities; facilitating the transfer of technology and related knowledge, skills and expertise for the production of pandemic-related health products; mobilizing  a skilled, trained and multidisciplinary national and global health emergency workforce; setting up a coordinating financial mechanism; taking concrete measures to strengthen preparedness, readiness and health system functions and resilience; and establishing a global supply chain and logistics network.

    The proposal affirms the sovereignty of countries to address public health matters within their borders, and provides that nothing in the draft agreement shall be interpreted as providing WHO any authority to direct, order, alter or prescribe national laws or policies, or mandate States to take specific actions, such as ban or accept travellers, impose vaccination mandates or therapeutic or diagnostic measures or implement lockdowns.

    Dr Tedros paid tribute to the members of the Bureau who guided the INB process: Co-Chairs Ms Precious Matsoso (South Africa) and Ambassador Anne-Claire Amprou (France), and Vice-Chairs Ambassador Tovar da Silva Nunes (Brazil), Ambassador Amr Ramadan (Egypt), Dr Viroj Tangcharoensathien (Thailand); and Ms Fleur Davies (Australia). Past members included former Co-Chair, Mr Roland Driece (the Netherlands), and former Vice-Chairs Ambassador Honsei (Japan) and Mr Ahmed Soliman (Egypt). The Director-General also acknowledged the constant support provided by WHO Secretariat colleagues.

    INB Co-Chair Ms Matsoso said: “I am overjoyed by the coming together of countries, from all regions of the world, around a proposal to increase equity and, thereby, protect future generations from the suffering and losses we suffered during the COVID-19 pandemic. The negotiations, at times, have been difficult and protracted. But this monumental effort has been sustained by the shared understanding that viruses do not respect borders, that no one is safe from pandemics until everyone is safe, and that collective health security is an aspiration we deeply believe in and want to strengthen.”

    Fellow INB Co-Chair, Ambassador Amprou, said the draft agreement is a major step in strengthening the global health security architecture so people of the world would be better protected from the next pandemic.

    “In drafting this historic agreement, the countries of the world have demonstrated their shared commitment to preventing and protecting everyone, everywhere, from future pandemic threats,” Ambassador Amprou said. “While the commitment to prevention through the One Health approach is a major step forward in protecting populations, the response will be faster, more effective and more equitable. This is a historic agreement for health security, equity and international solidarity.”

    The INB was established in December 2021, at a special session of the World Health Assembly , bringing together Member States and relevant stakeholders, including international organizations, private sector, and civil society. At the World Health Assembly in  June 2024, governments made concrete commitments to complete negotiations on a global pandemic agreement within a year. The upcoming Assembly starting 19 May 2025 will consider the proposal developed by the INB and take the final decision on whether to adopt the instrument under Article 19 of the WHO Constitution.

    MIL OSI United Nations News

  • MIL-OSI USA: Cook, 2025 Distinguished Alumna Award Acceptance Remarks

    Source: US State of New York Federal Reserve

    Thank you, Dr. Rogers, and go Bears!
    Thank you to the Cal Alumni Club of Washington, D.C. for this honor.1 It is humbling to be in the company of so many other accomplished Cal alumni. And it is especially meaningful to receive this award from a university that has already given me so much. I am eternally grateful for my time at Berkeley and in my economics Ph.D. program, because it was a transformative experience that shaped me not only as an economist, but more importantly as a person. Again, I am deeply grateful for this honor.
    I know there is a lot going on in the news at the moment, so let me just start by saying that I do not plan to discuss policy or the current economic situation this evening. Instead, I want to keep the attention on the energetic and dedicated Cal alums here tonight and the wonderful university we all call home. I will talk about the way in which Berkeley profoundly influenced my thinking, which has served me well throughout my career, and will share a few memories from my time on campus.
    I would love to see who we have here tonight. First, where are the econ majors? Who lived in the International House? Now, where are the recent alums, say those who graduated in the past 5 years? (Congratulations, welcome to Washington.) Who here has graduated since 2010? Who here is in my generation and graduated in the 90s or early 2000s? And do we have some true Cal legends among us that are celebrating 40 or more years as a Golden Bear this spring? (Let’s give them a round of applause.)
    No matter when you attended Cal or how long you have been away, I think we can all agree that Berkeley is a special place that stays in your heart. I grew up in the South, and by the time I arrived at Berkeley, I had the good fortune to have spent time living in Africa and Europe. Even with this experience, what immediately stood out to me was the campus’s openness to many different cultures and ideas. And a clear way this was expressed, as I am sure you will recall, was through the abundance of delicious food. Berkeley was truly like heaven for this former founder of a cooking school. Better coffee and cuisine than anywhere else in the country. Dim sum everywhere, vegan and vegetarian options galore, and that sourdough at Great Harvest Bread. (You cannot blame a hungry grad student for stopping in for samples.) When I was there, Berkeley was at the forefront of the farm-to-table and healthy eating movements. I remember being in awe of the produce at Berkeley Bowl. They had five or six types of yams and sweet potatoes. I am from Georgia, and I had never seen so many yams!
    The wonderful food served as a perfect canvas upon which to share ideas. Sometimes that was having dinner at each other’s apartments, and sometimes it was slipping over to the cafeteria between Bechtel and Evans to have lunch with my friends in engineering and computer science. Shockingly, the Cal engineers had nicer facilities than the econ students in Evans Hall. By the way, Evans Hall is described on Cal’s own websites as a “dark, closed-in design. . . spoiling the main east-west axis of the campus.” Ouch, but I told you, open to ideas!2
    From these lunches and many other conversations at Berkeley, I learned the value of exchanging ideas and the free disposal of ideas. The next idea will come; be unafraid to try new things. Do not be wedded to bad ideas. I learned the value of working in teams and acknowledging and leveraging everyone’s varied scholarly and lived expertise. I learned the value of sharing and collaboration. This fosters the spirit of innovation that drives the Bay area. You can see why many of the greatest advancements in the past century have come from that region of the country, many directly from Cal alumni.
    It was awe-inspiring to be surrounded by so many outstanding students and stellar faculty members from many disciplines. The work of Cal researchers has changed the world. I often wondered what inspired these great minds. Then one day, while traversing the always congested campus, I saw it—the real incentive for great minds: Nobel laureates received reserved parking spaces. All of you who have fought Bay Area traffic and Berkeley campus parking restrictions know that tops any prize you can receive in Sweden!
    But seriously, I was extremely lucky to have an amazing group of professors and supporters at Cal. Barry Eichengreen was my dissertation adviser, and George Akerlof was an informal adviser who was just curious about economies undergoing market transitions. Janet Yellen and Laura Tyson were inspirations. They epitomized the commitment to public service that flows through the Berkley campus. When I arrived, Dr. Tyson had recently left to become chair of President Clinton’s Council of Economic Advisers (CEA). Of course, Dr. Yellen would soon serve as chair of CEA as well as those of Fed chair and Treasury Secretary, the only person in history to hold all three positions. I had the mentorship and support of a whole bunch of Romers: Christina, David, and Paul. Christina would also serve as CEA Chair as we climbed out of the Global Financial Crisis
    I arrived on campus in 1991 the very week the Soviet Union started breaking up and the Russian Soviet Socialist Republic became just Russia. This series of events gave the world an unfiltered view of a Russian economy blinking into the sunlight after decades of central planning and stagnation. I asked, what would happen next, and what could we learn from this historic event? I was desperate to explore those questions and to explore them with Greg Grossman. No one in the world knew more about the Soviet and Russian economies than he did.
    However, he had other thoughts—namely, retirement. When I asked him to advise me, he was hesitant. So, he presented me with a challenge. He said the only way to study the Russian banking system and economy was to become fluent in Russian. If I could learn the language, he would delay his retirement to advise me, along with Eichengreen. I could tell he thought his retirement plans were safe with that lofty goal. A year and a half later, I walked into his office and struck up a conversation in Russian. I could see his heart sink. I had won the challenge. (What he did not know then was that I had already learned four other languages and was blessed with the ability to pick up new ones quickly.) Once he agreed to stay on, I was off and running.
    I plowed through Tsarist-era statistical tables stashed in the depths of Bancroft Library. Later, I would travel to Moscow and collect data from the Russian Statistical Agency and eventually survey and conduct interviews with Russian bankers and entrepreneurs. I credit my Berkeley professors, particularly Barry, Greg, George, and Paul, for supporting the curiosity that took me to Moscow and many other distant places to do research and push forward the field of economics with new questions, data, and analysis. I especially thank them for asking tough, thoughtful questions that prepared me to approach any situation of heightened uncertainty and in which standard models and the conventional wisdom in economics may not apply.
    One aspect that stood out about the Berkeley experience was that we defended our dissertations at the proposal stage rather than upon completion. This arrangement was not common at the time but is now becoming a more frequent practice at other schools. It sets up the dynamic of these experienced, knowledgeable professors looking for constructive ways to allow experimentation to ultimately bring ideas to fruition. It is this sense of collaboration and openness that I have taken from Berkeley and brought with me everywhere I have gone—through universities, banks, the government, and now at the Federal Reserve.
    There is a special way you learn to think at Berkeley. I hope you continue to carry that spirit in all you do here in Washington and beyond.
    Thank you again for this tremendous honor. I will always be a proud Cal alumna.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. Evans Hall, University of California, Berkeley. Return to text

    MIL OSI USA News

  • MIL-OSI United Kingdom: expert reaction to study looking at vaping rates in Britain

    Source: United Kingdom – Executive Government & Departments

    A study published in Addiction looks at changes in vaping trends in Britain. 

    Prof Caitlin Notley, Professor of Addiction Sciences, Norwich Medical School, UEA, said:

    “This study presents an exploratory analysis of data from the Smoking Toolkit Study, an ongoing monthly cross-sectional survey of a representative sample of adults (≥16 years) in Great Britain.  It reports that levels of vaping overall have stabilised, and that there has been a decline in use of disposable vapes by both adults and young adults in the last year, since the announcement of the forthcoming ban on disposable vapes. The study is well conducted and draws on a large dataset, so can be considered to accurately reflect what is happening currently in the UK population.  The study is cross-sectional, so cannot determine causality, but it seems likely that the observed reduction in use of disposable vapes may in part be due to people being aware of the forthcoming ban, but also probably a reflection of market changes.  The vape market has rapidly adapted, and already disposables are being displaced by simple reusable devices, which have many of the same attractive features (size, colour, flavours) of disposable devices, but allow recharging.

    “It is good news that vaping prevalence overall has stablished while we continue to see a decline in population level tobacco smoking.  As many people vaping will be ex-smokers, this suggests that we may be seeing a levelling off of vaping by people who have never smoked.  This is clearly an important trend to monitor, as the public health goal is to encourage people away from harmful tobacco smoking, by vaping if it is helpful, but to also to discourage people who have never smoked from taking up vaping.

    “The study suggests that the forthcoming disposable vape ban may have already had an impact and any additional impact once it comes in may be limited, as people appear to have pre-emptively changed the products they are using knowing the ban was coming.  There is a need for ongoing research to evaluate how the policy change, once fully enforced, influences behaviour.”

    ‘Changes in vaping trends since the announcement of an impending ban on disposable vapes: A population study in Great Britain’ by Sarah E. Jackson et al. was published in Addiction at 00:01 UK time on Wednesday 16 April 2025.

    DOI: 10.1111/add.70057

    Declared interests

    Prof Caitlin Notley: “I have no COIs to declare.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: True number of people living with Huntington’s disease gene in Northern Scotland revealed The number of people who have the gene that causes Huntington’s disease in Northern Scotland has been accurately counted for the first time in 35 years in new research from the University of Aberdeen in partnership with NHS Grampian.

    Source: University of Aberdeen

    The number of people who have the gene that causes Huntington’s disease in Northern Scotland has been accurately counted for the first time in 35 years in new research from the University of Aberdeen in partnership with NHS Grampian.

    It is crucial that we know this number, and that it is accurate, so that health boards can properly plan now for care, and for treatments when they become available in the future.” Professor Zofia Miedzybrodzka

    The research used NHS family-based records to find that there are more than 160 adults living in the area who have the Huntington’s gene but have not been tested.  

    However, the scientists behind the study believe the figure will be even higher as not everyone with Huntington’s disease symptoms seek diagnosis.  

    The study, published in Neuroepidemiology, confirmed that Northern Scotland has one of the highest rates of Huntington’s disease in the world at 14.5 per 100,000 people, it is more than five times the estimated worldwide rate of 2.71 per 100,000 people.  

    Huntington’s disease runs in families, and every child of someone affected has a 50:50 chance of inheriting the gene. The gene slowly damages the brain, eventually taking away the person’s ability to walk, talk, eat and drink, make their own decisions and care for themselves.   

    The new analysis showed that, on average, every person who has been diagnosed with Huntington’s disease will have at least another 2.2 relatives who have the gene. This means there are hundreds of people in Northern Scotland who could be considered for effective treatments for Huntington’s disease when these become available in the future.   

    The research was led by University of Aberdeen’s Professor Zosia Miedzybrodzka who is also NHS Clinical Lead for Huntington’s disease in North of Scotland (covering Grampian, Highland, Orkney, Shetland, and the Western Isles), based in NHS Grampian, alongside Heather Cruickshank, Genetic Counsellor in NHS Grampian.  

    Previous studies have mainly looked at the number of people who tested positive for the Huntington’s disease gene then estimated the number of relatives at risk using statistical modelling. However, in this study, scientists used family tree clinical records to count how many people have a 50:50 chance of having inherited the neurodegenerative condition but, crucially, have not been tested.   

    This meticulous approach has not been used in the UK since the Huntington’s disease gene was discovered in 1993.   

    The authors stress how important it is to generate a clear picture of the number of people with Huntington’s disease in the region to ensure that care planning objectives are met and reinforces the need to invest in specialist care and support to help people impacted by what is a notoriously complex and difficult to manage condition.   

    Professor Miedzybrodzka said: “Previous work looked at how many people in the area have been tested for Huntington’s disease, that is people diagnosed with Huntington’s disease signs and those with a gene alteration that will develop the condition in later life. However, no one has properly counted just how many people who haven’t been tested yet must have the gene.   

    “It is crucial that we know this number, and that it is accurate, so that health boards can properly plan now for care, and for treatments when they become available in the future.   

    “A 2022 Scottish government report underestimated Huntington’s disease rates and did not account for numbers of people at risk in a way that our clinic and lab data has.”  

    Heather Cruickshank added: “In 1989, when scientists previously studied this, testing was not possible, fewer people had a diagnosis of Huntington’s disease, and families were larger.   

    “But even now, despite high rates of testing, most people at risk of developing Huntington’s disease in Scotland have not had a test.   

    “There is a massive worldwide effort seeking treatments for Huntington’s disease.   

    “Going forward, services need to plan to treat these as yet uncounted people, as well as those currently diagnosed. Regional variations in rates will become more important, including genetic counselling and testing, management, and treatment delivery. Furthermore, better knowledge of the numbers of people who could benefit will encourage investment into drug discovery.  

    “Having a test remains a free choice for people from Huntington’s disease families and our research means that care can be planned for all those at risk, without people who don’t want a test having one.”  

    Commenting on the findings of the study Chief Executive Officer of Scottish Huntington’s Association, Alistair Haw, said: “Earlier this term a Scottish Parliament motion calling for an expansion of specialist Huntington’s disease services in light of rising cases became the most supported motion in the history of devolution. This latest study further strengthens the case for immediate action to expand specialist services for families impacted by Huntington’s.   

    “Huntington’s disease is a hugely complex, widely misunderstood and extremely difficult to manage condition. Specialist services are not some ‘nice to have’ optional extra but an absolute necessity to prevent patients reaching crisis point and presenting to acute emergency statutory services. Specialist Huntington’s services need to be expanded urgently – a message further reinforced by this new and clear evidence which has major implications for health and social care providers throughout Scotland and beyond.”  

    Case Studies

    Brian Watt, 69, Hopeman  

    Brian Watt, 69, of Hopeman in Moray, is living with a Huntington’s disease diagnosis.   

    Former manager of the Chivas whisky distillery in Keith, Brian received the diagnosis in 2016.   

    Brian recalls: “I knew there was Huntington’s disease in my family – my father and my sister were both diagnosed.   

    “I wasn’t sure whether to go ahead with the test, but I am glad I did.”  

    Brian received counselling – offered by NHS Grampian’s Huntington’s disease clinic in Aberdeen – before taking the test and he felt this was ‘hugely important’ and ‘absolutely necessary’ to be able to process the news regardless of the result.   

    Almost immediately after receiving the news that he has the gene, Brian set about organising a support group in his local area for people with Huntington’s disease and their families. The group is still going strong as a Branch of the Scottish Huntington’s Association and has helped support more than 30 families in the Moray area.   

    Brian keeps busy and believes a positive outlook to be vital when living with Huntington’s disease: “It could be tempting to just lie in bed all day and feel depressed about having this disease. But you have to keep going – keep busy doing things you enjoy.”   

    Brian walks his two terriers along Hopeman beach every day, works part-time at Moray Motor Museum in Elgin and organises quarterly meetings of his support group.   

    Brian says: “Zosia said to me the best way to manage Huntington’s disease is with a balance of lifestyle, attitude and medication and I think that is spot-on. I try to keep a healthy lifestyle and positive attitude and I’m doing just fine.”  

    Alexander (Sandy) Patience, 62, Inverness  

    Sandy Patience, 62, originally from Avoch on the Black Isle lives in Inverness with his wife Laura whom he describes as a ‘blessing from God.’     

    Sandy was diagnosed with Huntington’s disease in 2017 and recounts in his own words how the disease has blighted his family throughout his life:  

    “My childhood as a young boy was shaped by going to see my grandmother – my mam’s mother, who was also HD positive, in hospital every single Saturday from when I was 8 to when I was13 years old.     

    “My dear mother then struggled with HD until she passed away when I was 21 and she was only 59 years old. I remember it began when I was just a young boy, and I watched her get progressively more unwell.    

    “After that, my dear sister Helen passed away with HD in August 2020 after more than two decades of struggle. Helen was a very special sister to me. When our dear mam passed away in1984, Helen – being eleven years older than me, tried really hard to be a ‘surrogate mother’ to me after our hearts were broken about mam. But tragically, HD in our family is never far away.   

    “Helen, very sadly never married, for obvious reasons to me. She was very intelligent in school where she won the Dux Medal, and then in her working life until HD put the brakes on that which devastated Helen at the time. I loved Helen, and my beautiful wife Laura was just the most special sister-in-law to her, not to mention, a perfect daughter in law to my amazing dad who passed away in 2013 aged 89 years.  

    “My dad’s heart would have been shattered if he was still alive when I got my diagnosis four years after he passed away. His long life of struggles included fighting a World War for five years, and being full-time carer for mam for two decades with no help from social care. I remember it like yesterday. The pain I feel for mam and dad in those forgotten decades will never leave me.     

    “But even with all of that, our family was full of love. My dear late mam was shaping my life in so many ways, and I am incredibly proud to have the same loving genes in myself – as well as the bad stuff that I refuse to name unless to raise awareness.   

    “I remember how I felt on the way home from Aberdeen after I had been diagnosed in Dec 2017. I said to Laura ‘this is a game changer in our twenty years together – please can you leave me and live the rest of your life with someone else.’  

    “But, by the Grace of God she didn’t, because her love for me is as immense as mine for her. We are very very blessed, and I can’t imagine life without my soulmate by my side, she picks me up if I am feeling down and tells me when I am behaving like a donkey – sometimes several times a day”, he laughs.  

    Even with the difficulties Sandy has faced, he remains fiercely positive, he explains: “See, life is what we make it for me and Laura.  

    “For sixteen wonderful years, from April 2006 until August 30th 2023 I had two soulmates in my life. My dear wife Laura and my wonderful Labradoodle, Rollo. He never left my side – on the couch or at my feet on the bed. He read my mind a million times over. He loved me a million times more every single day. He loved Laura and all our family, he loved my late Dad, Helen, and brother, David unconditionally for many years with his huge loving heart. I have been emotional about all my family many times when Rollo was beside me on the couch and he would be nudging me and saying: ‘it’s ok Dad, I am here to make you feel better’. He always always did. I miss him more every day.  

    Sandy was overjoyed to find out that his daughter, Kim tested negative for the HD gene: “By the grace of God, my own daughter Kim tested negative about a year after my own diagnosis. Now we know that my three beautiful grandchildren are safe from this horrific disease. Our tears at Kim’s negative test was something I waited all Kim’s life to witness, it was something truly amazing. It was something I prayed for a thousand times over since I knew the risks for Kim after my own positive test.   

    “I can fight for my own life now because I know that I am the last person in my family gene pool with this HD positive test result.”  

    And fight Sandy does: “I am fighting so much to crush it every single day, every moment of every day. The more I fight, the more I look to God for my future health and happiness. I truly don’t want to change anything about my life. I intend to be in the same place – body and mind.   

    “I am privileged to be asked by Professor Zosia to help her again with raising awareness for HD issues. She is incredibly knowledgeable about everything HD, caring for all her patients and their families.   

    “This is a fantastic opportunity for other people, just like me, to take a big leap forward and consider testing for HD. Obviously, I was devastated about my own diagnosis, but I am certain, no doubt in my mind I have done the correct thing for myself and Laura and our family.    

    “I want everyone to know that testing positive is not the end of the world, it may even be the beginning of better family relationships and countless other positive things.” 

    Related Content

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Thousands of miles of roadworks lifted ahead of Easter as drivers set to be £500 better off

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Thousands of miles of roadworks lifted ahead of Easter as drivers set to be £500 better off

    We are tackling the real problems that drivers face by lifting miles of roadworks and cracking down on disruptive streetworks. 

    • 97.5% of major roads across the country will be roadwork free over the Easter holidays, speeding up journey times and improving living standards
    • government intervention is set to save drivers up to £500 a year on pothole related car repairs and fuel duty, easing the cost of living and delivering the Plan for Change
    • comes alongside hefty fines to minimise disruptive street works as government doubles fines and applies charges up to £10,000 a day for those overrunning to clear more roads

    Drivers are set to benefit from up to £500 of savings per year and see smoother Easter getaways as 1,127 miles of roadworks are lifted, the Department for Transport (DfT) has announced today (16 April 2025).

    It comes as RAC data shows hitting a pothole can cost drivers up to £460 in repairs. That’s why the government is putting £1.6 billion into the hands of local councils from this month to get fixing our roads – enough to fill 7 million extra potholes, going far above and beyond the government’s manifesto commitment.

    To further protect motorists given continued cost-of-living pressures and potential fuel price volatility amid global uncertainty, the government has frozen fuel duty at current levels for another year to support hardworking families and businesses, saving the average car driver £59.

    Together, this means that drivers could save up to £500 a year from the government’s measures, saving motorists money, improving living standards and getting Britain moving as part of the Plan for Change.   

    The government is also speeding up journeys for the 19.1 million drivers the AA estimate will make car trips on Good Friday, as National Highways lifts 1,127 miles of roadworks over the bank holiday.

    Around 97.5% of major roads across England will be completely free from roadworks, speeding up millions of journeys and boosting connectivity across the country to drive growth – the key priority in the government’s plan for change.

    Transport Secretary, Heidi Alexander, said:  

    Cutting journey times and saving drivers money every year is all part of our Plan for Change to raise living standards and put more money in people’s pockets.

    We are tackling the real problems that drivers face by lifting 1,127 miles of roadworks over Easter and cracking down on disruptive streetworks to make journeys to see loved ones as smooth as possible. 

    This government is also saving drivers up to £500 a year, with councils soon to receive their record £1.6 billion pothole funding and the continued freeze on fuel duty.

    Improving our national infrastructure and rebuilding Britain is critical to achieving growth – the top mission of the government. That’s why since entering office the government has unlocked 7 major road schemes backed by £580 million. This includes the recently approved Lower Thames Crossing which will be a key strategic route for drivers, freight and logistics – improving connectivity between the south and the midlands, linking up our ports and unlocking regional growth.

    This includes £200 million for the A47 Thickthorn Junction and £290 million for M3 Junction 9, plus £90m for local road schemes like the:

    • A130 Fairglen Interchange
    • South-East Aylesbury Link Road
    • A350 Chippenham Bypass
    • A647 scheme in Leeds

    This is a total of over £580 million for schemes to get Britain moving.

    On top of this, the government recently announced a further £4.8 billion for National Highways to protect the country’s strategic road network, which provides critical routes and connections across the country. The funding will ensure this vital network is kept in good repair and remains fit for the future whilst delivering essential improvement schemes to unlock growth and housing development.

    Many drivers are already seeing faster journeys on motorways, as over 270 miles of roadworks have recently been lifted following National Highways completing its National Emergency Area Retrofit programme last month, which saw roadworks on the M1, M3, M4, M5, M20, M25 and M27 lifted.

    National Highways is reminding drivers to properly prepare for Easter travel by relaunching its ‘TRIP’ campaign, encouraging drivers to ‘Top-up, Rest, Inspect, Prepare’. The guidance aims to prevent breakdowns which can lead to delays and unexpected costs. 

    Significant routes to benefit from roadworks being lifted or completed in time for the Easter getaway include:

    • over 130 miles of roadworks on the M25
    • more than 100 miles on the M1 between London and Chesterfield
    • more than 70 miles on the A27 between Polegate, East Sussex and Havant, Hampshire
    • 49 miles on the A34 between Oxford and Winchester
    • almost 50 miles on the M27 between Southampton and Portsmouth
    • over 45 miles on the M4 between Hayes and Hungerford
    • 44 miles on the M2 between Rochester and Faversham
    • 37 miles on the A303 near Andover
    • 31 miles on the A47 between Great Yarmouth and Peterborough

    Disruptive streetworks by utility companies are also being tackled under this government’s clampdown, with doubled fines and charges of up to £10,000 per day for utility works that overrun at weekends and bank holidays. This will help make sure works finish on time, and roads can be fully reopened to traffic.  

    The most congested roads also see the highest charges, under lane rental schemes – meaning utility companies are charged more on the busiest roads and at the busiest times. At least 50% of the revenue raised from these will go into mending more potholes, so that even more roads can be improved. There are currently 5 lane rental schemes running across England, with applications for 8 new schemes.  This month saw East Sussex starting its own lane rental scheme, to deter disruptive utility companies and save drivers many hours off weekend car journeys.

    The government is also introducing measures to implement a new digital service that will speed up roadworks, slash traffic delays and reduce accidental strikes on pipes which currently amount to 60,000 per year, costing the UK economy £2.4 billion.

    With holes being dug in UK roads every 7 seconds, the National Underground Asset Register, part of the Data (Use and Access) Bill, will create a map of the country’s underground pipes and cables, allowing construction workers to instantly see their exact location – a process which currently takes 6 days.

    Technology Secretary, Peter Kyle, said:

    Technology must be first and foremost used to make people’s lives better, and that includes tackling the misery of traffic caused by road works. 

    That’s why we are creating a comprehensive digital map of underground cables and pipes in England, Wales and Northern Ireland. The map will mean construction workers and utility companies will know exactly what lies beneath before they dig, helping to prevent accidental damage like bursting water mains.

    Our laws will not only back our mission to make British roads safer and journey times quicker, but also grow our economy by £400 million each year as part of our Plan for Change by reducing disruption to motorists and businesses.

    Andrew Butterfield, National Highways Director of Operational Services, said: 

    We expect the roads to be busy with people looking to make the most of a long Easter weekend. That’s why we are making journeys easier by removing a huge number of roadworks.

    Drivers should also take time to plan ahead. Two of the top 3 causes of breakdowns are tyre issues and empty fuel tanks. You can help prevent any breakdowns by following our advice: top up your fuel, oil and screenwash, plan your journey, check your tyres and prepare for all weather conditions.

    Dan Joyce, Operations Director at Kwik Fit, said:

    The removal of roadworks for Easter is welcome news for drivers, so it will be even more frustrating if something else gets in the way of a smooth holiday journey.

    There are many easy checks drivers can make themselves to avoid problems. Tyre pressure and tread, along with topping up fluids, are the key ones to carry out.  If anyone has any concerns about their car’s condition, they can book a free check with Kwik Fit and have one of our expert teams check it over to make sure they’re safe on the roads.

    AA President, Edmund King OBE, said:

    Bank holiday weekends tend to remind us of the importance of having a good road network without roadwork delays or plagues of potholes. Hence, we very much welcome the lifting of roadworks as record numbers hit the roads this weekend and the government’s efforts to address the pothole pandemic and reduce disruptive streetworks. Drivers can help by making sure their tyres are properly inflated, oil and coolant levels are correct, and that they plenty of fuel or charge if driving an EV.

    Andy Turbefield, Head of Autocentres Quality, Standards and Policy at Halfords, said:

    Potholes are more than just a nuisance; they’re a threat to road safety. Every day in our garages we see the damage they do to tyres and wheels, steering and suspension and exhaust systems. Addressing Britain’s pothole crisis will not only save motorists money, it could also save their lives.

    RAC breakdown spokesperson, Alice Simpson, said:

    With a ‘hat-trick of hold-ups’ expected on Thursday, Friday and Saturday, the lifting of roadworks should help ease journeys to popular destinations like the West Country, the south coast and East Anglia. A quick check of your vehicle before leaving could avoid an expensive and unwanted breakdown.

    Roads media enquiries

    Media enquiries 0300 7777 878

    Switchboard 0300 330 3000

    Updates to this page

    Published 16 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Canada: G7 Foreign Ministers’ statement marking two years since the beginning of the devastating war in Sudan

    Source: Government of Canada News

    April 15, 2025 – Ottawa, Ontario – Global Affairs Canada

    We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America and the High Representative of the European Union, unequivocally denounce the ongoing conflict, atrocities and grave human rights violations and abuses in Sudan, as the world marks two years since the beginning of the devastating war between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF).

    As a direct result of the actions of the SAF and the RSF, the people of Sudan, especially women and children, are enduring the world’s largest humanitarian and displacement crises, and continued atrocities, including widespread conflict-related sexual violence, ethnically motivated attacks and reprisal killings. These must end immediately.

    We strongly condemn the RSF attacks carried out in and around El Fasher on the Zamzam and Abu Shouk IDP camps, which have caused numerous casualties, including humanitarian workers. Civilians must be protected and allowed safe passage.

    As famine continues to spread across Sudan, G7 members are disturbed by reports of the use of starvation of civilians as a method of warfare and reiterate that such actions are prohibited under international humanitarian law.

    We call on the warring parties to uphold their obligations under international humanitarian law and their commitments under the Jeddah Declaration, which include the crucial responsibility to distinguish at all times between civilians and combatants and between civilian objects and military targets.

    We call on all parties to the conflict to lift impediments to effective crossline humanitarian assistance, provide assurances of safety and security for local and international humanitarian actors, and allow humanitarian access through all border crossings into Sudan, including through South Sudan and Chad. We recognize the important role of Emergency Response Rooms in providing for and protecting civilians and call for their protection. We further call on all parties to refrain from attacks on critical infrastructure that civilians rely upon, including dams and telecommunications systems.

    We call for an immediate and unconditional ceasefire and urge both the SAF and the RSF to engage meaningfully in serious, constructive negotiations. All external actors must cease any support that further fuels the conflict, in accordance with the Declaration of Principles adopted at the International Humanitarian Conference for Sudan and Neighbouring Countries in Paris in 2024 and the United Nations arms embargo on Darfur. We condemn all violations and unlawful attacks by the SAF, the RSF, and their allied militias.

    For sustainable peace in Sudan, any resolution to the conflict must be rooted in the voices of Sudanese civilians. Women, youth, and civil society must be meaningfully included in all peace processes.

    We reaffirm our support for a democratic transition and express our solidarity with the people of Sudan in their efforts to shape the future of their country that reflects their aspirations for freedom, peace and justice.

    The sovereignty, unity and territorial integrity of Sudan are paramount. 

    G7 members remain committed to deepening collective diplomatic efforts to bring about an end to the world’s largest humanitarian crisis and secure an end to the conflict, including through the London Sudan Conference.  

    MIL OSI Canada News

  • MIL-OSI United Kingdom: G7 Foreign Ministers’ statement marking two years since the beginning of Sudan war

    Source: United Kingdom – Executive Government & Departments

    News story

    G7 Foreign Ministers’ statement marking two years since the beginning of Sudan war

    The G7 Foreign Ministers’ have issued a joint statement marking two years since the beginning of the war in Sudan.

    We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America and the High Representative of the European Union, unequivocally denounce the ongoing conflict, atrocities and grave human rights violations and abuses in Sudan, as the world marks two years since the beginning of the devastating war between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF).

    As a direct result of the actions of the SAF and the RSF, the people of Sudan, especially women and children, are enduring the world’s largest humanitarian and displacement crises, and continued atrocities, including widespread conflict-related sexual violence, ethnically motivated attacks and reprisal killings. These must end immediately.

    We strongly condemn the RSF attacks carried out in and around El Fasher on the Zamzam and Abu Shouk IDP camps, which have caused numerous casualties, including humanitarian workers. Civilians must be protected and allowed safe passage.

    As famine continues to spread across Sudan, G7 members are disturbed by reports of the use of starvation of civilians as a method of warfare and reiterate that such actions are prohibited under international humanitarian law.

    We call on the warring parties to uphold their obligations under international humanitarian law and their commitments under the Jeddah Declaration, which include the crucial responsibility to distinguish at all times between civilians and combatants and between civilian objects and military targets.

    We call on all parties to the conflict to lift impediments to effective crossline humanitarian assistance, provide assurances of safety and security for local and international humanitarian actors, and allow humanitarian access through all border crossings into Sudan, including through South Sudan and Chad. We recognize the important role of Emergency Response Rooms in providing for and protecting civilians and call for their protection. We further call on all parties to refrain from attacks on critical infrastructure that civilians rely upon, including dams and telecommunications systems.

    We call for an immediate and unconditional ceasefire and urge both the SAF and the RSF to engage meaningfully in serious, constructive negotiations. All external actors must cease any support that further fuels the conflict, in accordance with the Declaration of Principles adopted at the International Humanitarian Conference for Sudan and Neighbouring Countries in Paris in 2024 and the United Nations arms embargo on Darfur. We condemn all violations and unlawful attacks by the SAF, the RSF, and their allied militias.

    For sustainable peace in Sudan, any resolution to the conflict must be rooted in the voices of Sudanese civilians. Women, youth, and civil society must be meaningfully included in all peace processes.

    We reaffirm our support for a democratic transition and express our solidarity with the people of Sudan in their efforts to shape the future of their country that reflects their aspirations for freedom, peace and justice.

    The sovereignty, unity and territorial integrity of Sudan are paramount.  

    G7 members remain committed to deepening collective diplomatic efforts to bring about an end to the world’s largest humanitarian crisis and secure an end to the conflict, including through the London Sudan Conference.

    Updates to this page

    Published 15 April 2025

    MIL OSI United Kingdom

  • MIL-OSI: XWELL Reports Fiscal Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — XWELL, Inc. (Nasdaq: XWEL) (“XWELL” or the “Company”), a pioneer in democratizing wellness, today reported results for the year ended December 31, 2024.

    Recent Highlights:

    • XWELL delivered 2024 revenue growth of approximately 13% versus 2023.
    • Gross margin more than doubled, increasing from 12.2% in 2023 to 26.3% in 2024.
    • The Company reduced operating and overhead expenses in 2023 and 2024, while it continues to focus on returning to overall profitability. For the year ended December 31, 2024, the Company:
      • Reduced salaries and benefits by approximately 5% versus 2023.
      • Reduced general and administrative expenses by approximately 4% versus 2023.
      • Reduced total operating expenses by approximately 19% versus 2023, even with substantial non-recurring expenses incurred in 2024.
    • XWELL announced a three-year extension of its Traveler-based Genomic Surveillance Program in partnership with the Centers for Disease Control and Prevention, reinforcing its critical role in national biosecurity.
    • Accelerating its expansion outside of airport locations, XWELL launched a new Naples Wax Center in Estero, Florida in December 2024.
    • Strengthening its capital structure, XWELL successfully closed a $4 million private placement in January 2025, comprising of convertible preferred stock and warrants.
    • Leveraging its recent capital raise, XWELL announced plans to acquire select medical spas to expand into the high-growth wellness and beauty sector.
    • As part of its brand evolution, XWELL announced that it plans to unite all of its wellness offerings under a single, cohesive XWELL brand identity.

    “We believe that XWELL’s improved 2024 financial and operational performance reflects the successful execution of our growth and productivity initiatives,” said Ezra Ernst, CEO of XWELL. “We continue to capitalize on compelling growth opportunities across our brands and remain focused on achieving sustainable expansion alongside our relentless focus on wellness and our customers.”

    “We’re also grateful and proud to continue the work we developed with our partners at the CDC and Ginkgo Bioworks for another three years. An early warning system for dangerous pathogens, the Traveler-based Genomic Surveillance Program plays a crucial role in protecting national security and public health.” Mr. Ernst added, “Looking ahead, I’m excited about the opportunities ahead for XWELL. By accelerating growth both in and out of the airport, unifying our offerings under the XWELL brand, and reinforcing our role in U.S. biosecurity and exploring biosecurity opportunities outside of the United States, I believe that we’re positioning XWELL for continued growth and long-term value creation.”

    Bringing A Unified Wellness Brand to the Market
    Committed to capitalizing on compelling growth opportunities in the wellness market, XWELL has developed and communicated a clear vision, mission, and purpose-driven forward-looking plan.

    • Our vision is to liberate wellness, making it a mainstream category synonymous with health, balance, and self-care.
    • Our mission is to create environments that inspire confidence, self-improvement, and wellness for everyone, everywhere.
    • Our purpose is to reshape the way people think about wellness by showing how accessible and effortless it can be.

    The Company’s forward-looking plan focuses on expanding and integrating offerings across its brands, with a key emphasis on unifying airport and off-airport locations under the XWELL brand. This strategic alignment will enable the development of membership and loyalty programs like Priority Pass that provide seamless access to XWELL locations, fostering deeper customer relationships and enhancing brand loyalty. Additionally, a strong customer community will support targeted marketing initiatives and cross-promotional opportunities, strengthened by advanced technology and customer relationship management capabilities from the HyperPointe unit.

    At the same time, XWELL is actively broadening its retail product portfolio to feature a range of cutting-edge wellness offerings. These offerings include state-of-the-art wellness devices, nutritional supplements, and innovative wellness patches — each designed to support holistic health and cater to the evolving needs of today’s wellness-conscious consumers.

    Planned Strategic Investment in Medical Spas
    In March 2025, XWELL unveiled plans to acquire select medical spas during 2025, leveraging its recent $4 million private placement to expand into the high-growth wellness and beauty sector.

    This strategy aligns with XWELL’s mission to liberate wellness by creating a seamless continuum of care, extending beyond airports and into metropolitan areas where demand for advanced beauty and wellness treatments is rising.

    XWELL will initially focus on select metropolitan areas with strong demand for medspa services, including Orlando, Austin, Texas, and Salt Lake City.

    Operating At the Intersection of Travel, Health and Wellness
    Operating at the intersection of travel, health and wellness, the Company’s brands currently include XWELL™, XpresSpa®, Treat™, Naples Wax Center®, XpresCheck® and HyperPointe™. 

    Travel Wellness Portfolio – XpresSpa®
    XpresSpa is the leading airport retailer of wellness services and related retail offerings. As of December 31, 2024, there were 18 domestic XpresSpa locations in total, comprised of 17 Company-owned locations and one franchise. The Company also had 10 international locations operating as of December 31, 2024, including two XpresSpa locations in the Dubai International Airport in the United Arab Emirates, one XpresSpa location in the Zayad International Airport in Abu Dhabi, United Arab Emirates, three XpresSpa locations in the Schiphol Amsterdam Airport in the Netherlands and four XpresSpa locations in the Istanbul Airport in Turkey.

    Out-of-Airport Wellness Portfolio – Naples Wax Center®
    XWELL’s first off-airport brand, Naples Wax Center, is a group of upscale hair removal and aesthetic services boutiques. Acquired in mid-September 2023, Naples Wax Center provides core products and service including face and body waxing as well as a range of skincare and cosmetic products from its current three locations.

    In December 2024, the Company announced the ongoing expansion of its out-of-airport spas with the opening of a new Naples Wax location in Estero, FL. This opening is the first in a series of strategic growth initiatives to expand the XWELL brand beyond airports. Looking ahead, in addition to its Estero location, XWELL has plans to open 6 additional locations across Florida during 2025.

    New York City’s Penn Station XpresSpa®
    Consistent with XWELL’s strategy to extend its footprint into transportation hubs, the Company is executing plans to open an XpresSpa location in New York City’s Penn Station in 2025. The tech-forward spa will serve commuters, neighborhood locals, and tourists with wellness-focused retail, autonomous massage, and nail care services, enabling seamless and efficient experiences for time-crunched New York City travelers.

    Life Sciences & Biosurveillance — XpresCheck® and HyperPointe™
    XpresCheck in collaboration with the Centers for Disease Control and Prevention (“CDC”) and Ginkgo Bioworks, currently operates biosurveillance stations in 8 of the nation’s busiest airports.

    In March of 2025, XWELL announced that the CDC extended its Traveler-based Genomic Surveillance Program for three years. The contract has a total base value of $53.7 million over three years, with a maximum ceiling value of $85.7 million within the same timeframe. This program has been supported in whole or in part by the Centers for Disease Control & Prevention under contract number 75D30125C20439.  

    The TGS program functions as an early detection platform for emerging pathogens. By providing multimodal data, it enhances global biosecurity and illuminates migratory disease origin, to inform medical countermeasure research and development. The program utilizes wastewater samples from inbound international aircraft and airport triturators, along with nasal swab samples from volunteers arriving in the U.S. on select international flights.

    Additionally, the Company began reporting operating results for HyperPointe within its XpresCheck business. Beginning in June 2020, and following its acquisition by XWELL in January 2022, HyperPointe’s management team and suite of services and technology have been utilized to develop and deploy the technological infrastructure necessary to scale the growth of the XpresCheck business. HyperPointe’s experience in this space continues to play a critical role in the expansion of ongoing biosurveillance efforts created in partnership with Ginkgo Bioworks and the CDC.

    Liquidity and Financial Condition
    As of December 31, 2024, the Company had approximately $4.6 million of cash and cash equivalents (excluding restricted cash), approximately $7.3 million in marketable securities, total current assets of approximately $15.3 million, and no long-term debt.

    The Company significantly reduced operating and overhead expenses in the 2023 and 2024, while it continues to focus on returning to overall profitability.

    In January 2025, the Company announced the closing of its private placement offering of $4.0 million of the Company’s newly designated Series G Convertible Preferred Stock. The Company also issued to the investors in the private placement Series A warrants and Series B warrants exercisable for the Company’s common stock. The gross proceeds of the private placement were approximately $4.0 million, before deducting other offering expenses payable by the Company.

    Summary 2024 Financial Results

    Total Revenue
    Total revenue for the fiscal year ended December 31, 2024 was $33.9 million compared to $30.1 million in the prior year.

    Revenue for 2024 primarily consisted of approximately $18.3 million from XpresSpa locations, $430,000 from Treat locations and approximately $13.1 million from XpresTest, which includes XWELL’s bio-surveillance partnership and its HyperPointe business. Naples Wax Center accounted for approximately $2.1 million.

    Total Cost of Sales
    Total cost of sales for the fiscal year ended December 31, 2024 were approximately $25.0 million compared to approximately $26.4 million in the prior year.

    General and Administrative Expenses; Salaries and Benefits
    General and administrative expenses for the fiscal year ended December 31, 2024 were approximately $12.5 million compared to approximately $13.0 million in the prior year.

    Salaries and benefits for the fiscal year ended December 31, 2024 were approximately $7.5 million compared to approximately $8.0 million in the prior year.

    Total Operating Expenses
    Total operating expenses for the fiscal year ended December 31, 2024 were approximately $25.6 million compared to approximately $31.9 million in the prior year.

    Operating Loss
    The operating loss for the fiscal year ended December 31, 2024 totaled approximately ($16.7) million compared to approximately ($28.2) million in the prior year.

    Net Loss Attributable to XWELL
    Net loss attributable to XWELL for the fiscal year ended December 31, 2024 totaled approximately ($16.9) million compared to approximately ($27.7) million in the prior year.

    About XWELL, Inc. 
    XWELL, Inc. (Nasdaq: XWEL) is a leading global wellness holding company operating multiple brands: XWELL™, XpresSpa®, Treat™, Naples Wax Center®, XpresCheck® and HyperPointe™.  

    • XpresSpa is a leading retailer of wellness services and related products.  
    • Naples Wax Center is a group of upscale skin care boutiques.  
    • XpresCheck, in partnership with the CDC and Ginkgo Biosecurity, conducts biosurveillance monitoring in its airport locations.
    • HyperPointe is a leading digital healthcare and data analytics relationship company serving the global healthcare industry.  

    For more information on XWELL’s offerings, visit www.XWELL.com

    Forward-Looking Statements  
    This press release may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” or the negative of such terms, or other comparable terminology. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Forward-looking statements relating to expectations about future results or events are based upon information available to XWELL as of the date of this press release, and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Additional information concerning these and other risks is contained in the Company’s Annual Report on Form 10-K, as amended, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other Securities and Exchange Commission filings. All subsequent written and oral forward-looking statements concerning XWELL, or other matters and attributable to XWELL or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. XWELL does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

    Media
    Heather Tidwell
    MWW
    htidwell@mww.com

    The MIL Network

  • MIL-OSI United Kingdom: Mosside accident

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by North Antrim MP, Jim Allister

    “Following a tragic accident in Mosside, North Antrim, there is much anxiety and worry for the young mother involved and her wider family.

    “Many are thinking and praying for this family at this dire time. As the community unites in prayer may the God of all mercy meet their needs.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Omagh Bomb MOU

    Source: Traditional Unionist Voice – Northern Ireland

    Commenting on the Omagh Inquiry MOU with the Dublin Government, TUV leader Jim Allister KC MP said:-

    “The terms of the MOU between the Omagh Inquiry Chairman and the Dublin Government is a reminder in itself of the structural imbalance in the pursuit of the truth of the Omagh bombing.

    “Whereas the Omagh Inquiry in its terms of reference is confined to any failings north of the border – never forgetting it is the terrorists who are to blame – the ROI continues to fail to face up to its responsibilities in circumstances where the bomb was made in its territory and transported to NI by its terrorist citizens.

    “By continuing to refuse to conduct its own public inquiry, as recommended by Horner LJ, the Republic, the Republic once more lives up to its historic record of covering up its harbouring of terrorists.

    “Now, this MOU casts cooperation with the Turnbull Inquiry very much on ROI’s terms, making it clear (para 5) that no legally binding obligations on Dublin are created. Moreover, through the proscribed powers of redaction, which is widened to include non-disclosure of even the existence of a document, any assurance of transparent cooperation from Dublin is significantly undermined (para 36d).

    “Instead of the parallel Dublin Inquiry that is needed, the Republic is fobbing the victims off with promises, but lacking enforceable obligations to ‘open its books’ on what is known.”

    MIL OSI United Kingdom

  • MIL-Evening Report: Safe seat syndrome? Why some hospitals get upgrades and others miss out

    Source: The Conversation (Au and NZ) – By Anam Bilgrami, Senior Research Fellow, Macquarie University Centre for the Health Economy, Macquarie University

    On his campaign trail, Prime Minister Anthony Albanese pledged A$200 million to upgrade St John of God Midland Public Hospital in Perth. He promised more beds and operating theatres, and a redesigned obstetrics and neonatal unit.

    It followed other recent election promises from the Labor government, including $120 million for new birthing facilities at Sydney’s planned Rouse Hill Hospital and $150 million to build a health centre in southern Adelaide.

    New and expanded health facilities are welcome in fast-growing communities. But are hospital funding pledges in election campaigns based on health-care or political needs?

    Does pork-barrelling drive health funding decisions?

    Labor and the Coalition have faced allegations of pork-barrelling this election campaign.

    Pork-barrelling means using public funds to target specific electorates to win votes, rather than allocating resources based on need. Four in five Australians consider pork-barrelling to be corrupt.

    Former New South Wales Premier Gladys Berejiklian suggested pork-barrelling was “business as usual” in her government.

    It also seems to occur at the federal level. The Australian National Audit Office found a $1.25 billion Community Health and Hospitals Program implemented by the former Morrison government “fell short of ethical requirements” and deliberately breached Commonwealth grant guidelines.

    Of the 63 major projects funded, only two were rated “highly suitable” – the usual benchmark for shortlisting. In fact, most approved projects were picked by the government outside of the established expression of interest processes.

    Who funds and manages public hospitals?

    The National Health Reform Agreement makes states and territories responsible for managing public hospitals. States and territories contribute around 58% of hospital funding. They also oversee planning and infrastructure.

    Local hospital networks help plan and implement capital projects such as new hospitals and facility upgrades.

    Under the National Health Reform Agreement, the Commonwealth government also contributes public hospital funding through:

    • activity-based funding. This is tied to the number and type of patients treated

    • block funding for smaller regional and rural hospitals

    • public health funding for initiatives such as vaccination programs.

    The reform agreement outlines the Commonwealth’s responsibility for supporting public hospital services. But it doesn’t restrict the Commonwealth from making hospital infrastructure promises.

    The Commonwealth often pledges direct hospital funding through supplementary agreements or ad hoc initiatives. Earlier this year, it announced an additional one-off $1.7 billion payment to ease pressure on public hospitals.

    State planning vs federal politics: who decides?

    States use formal planning frameworks to plan and prioritise health infrastructure projects. NSW Health, for example, applies a structured Facility Planning Process for projects over $10 million. This considers local population needs, health and community benefits, costs and workforce capacity.

    These types of frameworks help ensure health capital investment decisions are transparent and evidence-based.

    What is less transparent is how the Commonwealth decides which specific hospitals to pledge money to, particularly during election campaigns.

    While some federal funding announcements may align with state priorities, picking one hospital over another comes with an “opportunity cost”. For every community that benefits from a new or upgraded hospital, another potentially higher-need community may miss out.

    To prevent Commonwealth funding decisions being swayed by political priorities, more transparent processes for setting priorities and making decisions are needed.

    What would a better system look like?

    The way funds are allocated to medicines listed on the Pharmaceutical Benefits Scheme (PBS) provides the federal government with an exemplary approach to good health-care investment decisions.

    The Pharmaceutical Benefits Advisory Committee (PBAC) provides independent advice to the Minister for Health on whether the government should allocate millions to new medicines. The PBAC uses rigorous, transparent processes to make listing recommendations based on patient need and cost-effectiveness.

    Federal government hospital infrastructure funding decisions should also follow open, competitive, merit-based processes.

    Prioritising evidence and having transparent decision-making guidelines would mean funding is more likely to be allocated based on the greatest population need rather than electoral considerations.

    Other ways to improve federal government hospital funding decisions may include:

    • incorporating nationally agreed principles for hospital capital funding in future National Health Reform Agreements

    • increasing transparency. This could be achieved through a national public register of hospital development proposals, ranked by urgency and need

    • strengthening safeguards on election-period pledges. This could improve disclosures and ensure hospital funding decisions align with independent needs assessments.

    More hospitals or better prevention?

    Former St Vincent’s Health CEO Toby Hall put it bluntly:

    If Australia is to make the most of its healthcare future, it will likely need fewer hospitals, not more.

    He pointed to Denmark, which cut its number of hospitals by 67% over 1999–2019. This was achieved by shifting as many services as possible from hospitals to other types of health care including primary care, health centres and outpatient clinics.

    While more hospitals in Australia may be inevitable as the population ages, health policy should also focus on keeping people out of hospital in the first place. That means investing in prevention, early intervention and technology to support care at home.

    Australia lags behind other wealthy nations in this space, ranking 20th out of 33 OECD countries in per capita spending on prevention. It ranks 27th when measured as a share of total health expenditure.

    Some local health districts are showing what’s possible. This includes using home monitoring to help people manage chronic conditions. These kinds of innovations can improve health and reduce pressure on hospital infrastructure.

    While new hospitals and wards make for compelling election promises, a better health system will come not just from “bricks and mortar”. It will come from smarter investments in prevention, early intervention and innovative care that keeps people healthier and out of hospital.

    Henry Cutler was a member of an Expert Advisory Panel where he received remuneration from the Department of Health and Aged Care for this role. Henry has also previously received funding from NT Health.

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

    ref. Safe seat syndrome? Why some hospitals get upgrades and others miss out – https://theconversation.com/safe-seat-syndrome-why-some-hospitals-get-upgrades-and-others-miss-out-253750

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: CFTC Staff Issues No-Action Letter Regarding the Merger of UBS Group and Credit Suisse Group

    Source: US Commodity Futures Trading Commission

    CFTC Staff Issues No-Action Letter Regarding the Merger of UBS Group and Credit Suisse Group | CFTC

    /PressRoom/PressReleases/9066-25
    Skip to main content

    April 15, 2025

    WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Market Participants Division and Division of Clearing and Risk today issued a no-action letter regarding the CFTC’s swap clearing and uncleared swap margin requirements. The letter is in connection with a court-supervised transfer, consistent with United Kingdom laws, of certain swaps from Credit Suisse International to UBS AG London Branch following the merger of UBS Group AG and Credit Suisse Group AG. 
    These legacy swaps were entered into prior to the relevant compliance dates for the CFTC’s margin and clearing requirements, and, therefore, were not subject to such requirements prior to this court-supervised transfer.
    The no-action letter states, in connection with such transfer and subject to certain specified conditions:

    MPD will not recommend the Commission take an enforcement action against certain of UBS AG London Branch’s swap dealer counterparties for their failure to comply with the CFTC’s uncleared swap margin requirements for such transferred swaps; and 
    DCR will not recommend the Commission take an enforcement action against UBS AG or certain of its counterparties for their failure to comply with the CFTC’s swap clearing requirement for such transferred swaps.

    The letter responds to a request from UBS AG.

    -CFTC-

    MIL OSI USA News

  • MIL-OSI NGOs: Hungary: Global fight back begins as anti-Pride law comes into effect

    Source: Amnesty International –

    As discriminatory legislation that could be used to ban Pride marches in Hungary comes into effect today, Amnesty International has announced the launch of an international campaign calling on the Hungarian authorities to “Let Pride March”. 

    The campaign, launched tomorrow in the run up to the 30th anniversary of Budapest Pride, is calling on the city’s chief of police to enable people to take part in Pride safely, free from intimidation, harassment or violence. It is also encouraging people around the world to show support and solidarity with LGBTI people and their allies in Hungary. 

    In June, Budapest Pride will take place, and we will be marching alongside all those who oppose discrimination 

    “For the last 30 years, people in Hungary have marched through the streets of Budapest to celebrate Pride and demand equality and dignity for LGBTI people. In June, Budapest Pride will take place, and we will be marching alongside all those who oppose discrimination and the rollback of freedom of expression and peaceful assembly,” said Dávid Vig, Director of Amnesty International Hungary. 

    “The recent anti-Pride law is the latest measure targeting and stigmatizing LGBTI individuals and groups and attempting to strip away the hard-won rights of LGBTI people. Large numbers are expected to peacefully take to the streets, and they must be permitted to march safely.” 

    Under the terms of the new anti-Pride law which was rushed through parliament in March in an expedited procedure without consultation – it is ‘forbidden to hold an assembly in violation’ of 2021 legislation banning the ‘depiction and promotion’ of homosexuality and diverse gender identities to people under 18. Under the law, the authorities have the power to use facial recognition technology to identify participants and to fine those who participate in any prohibited assembly. According to the Criminal Code, organizers of an assembly which is banned risk criminal charges and up to one year imprisonment.  

    It is vital that the Hungarian authorities do not impose undue restrictions or a pre-emptive ban on Budapest Pride

    The new law also widens the conditions under which the police may disperse a notified assembly. An unlawful dispersal of Pride participants could create unrest, tensions and possible escalation of violence. Amnesty International is calling on the police to respect, protect and facilitate people’s right to protest as required by their obligations under international law. 

    The adoption of this new law was made possible by yesterday’s vote in the Hungarian Parliament passing an amendment. The vote provides a constitutional basis for denying the gender identities of some people in Hungary and which allows the authorities to curtail rights, in particular those of LGBTI people, in the name of protecting children.

    As people around the world celebrate Pride, we invite them to join our campaign demanding Hungarian authorities #LetPrideMarch

    “It is vital that the Hungarian authorities do not impose undue restrictions or a pre-emptive ban on Budapest Pride. Instead, the march should go ahead unhindered and the response of the police, who have operational responsibility, should be fully human rights compliant,” said Catrinel Motoc, Amnesty International’s Senior Campaigner on the Right to Protest. 

    “As people around the world celebrate Pride, we invite them to join our campaign demanding Hungarian authorities #LetPrideMarch and end the use of legislation based on harmful stereotypes, discrimination, homophobia and transphobia. Protest is a human right, and we must support the brave protesters of Budapest Pride.”  

    Background 

    Budapest Pride is scheduled for 28 June and the #LetPrideMarch campaign launches tomorrow and will go live here at 00:01 GMT. 

    The new anti-Pride law modifies the Act on the Right of Assembly, the Act on Petty Offences and the Act on Facial Image Analysis making it a crime to organize and a petty offence to attend assemblies that violate Hungary’s Propaganda Law, which prohibits the “depiction or promotion” of homosexuality and diverse gender identities to under-18s. A fine of up to 200,000 HUF (500 EUR) may be applied for people who attend Pride, if banned.  

    The legislation has sparked protests in Hungary that have gone on for more than a month.

    In a report published in July 2024, Amnesty International documented an array of trends and patterns of restrictions and violations to the right to protest in 21 countries, including Hungary.

    Hungary is among the countries flouting its international and regional human rights obligations to respect, protect and facilitate peaceful assemblies, to remove obstacles and to avoid unwarranted interferences with people’s right to freedom of peaceful assembly and expression.

    MIL OSI NGO

  • MIL-OSI United Nations: Committee on Rights of Migrant Workers Launches General Comment on the Convergence of the Migrant Workers’ Convention and the Global Compact for Safe, Orderly and Regular Migration

    Source: United Nations – Geneva

    The Committee on Migrant Workers today held an event to launch its general comment six on the convergent protection of the rights of migrant workers and members of their families through the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families and the Global Compact for safe, orderly and regular migration.

    Fatimata Diallo, Committee Chair, in opening remarks, said migrants, especially those in an irregular situation, were disproportionately exposed to abuses and human rights violations, and often did not have access to due process or remedies.  More than 8,900 people died on migration routes in 2024.  Yet, the human rights dimensions of migration remained largely neglected, and inflammatory and xenophobic rhetoric against migrants helped politicians win votes.

    Ms. Diallo said the Convention and the Global Compact were unique, complementary and mutually reinforcing to advance migration governance and promote and protect the rights of all migrants. General comment six offered avenues for the coordination of the convergent measures for protection of the rights of migrant workers and members of their families in the Convention and the Global Compact.

    Peggy Hicks, Director, Thematic Engagement, Special Procedures and Right to Development Division, Office of the United Nations High Commissioner for Human Rights, said in opening remarks that general comment six was a milestone in international efforts to ensure that States aligned migration governance with international human rights obligations. Ms. Hicks called on all States, including those that had endorsed the Global Compact but had not yet ratified the Convention, to engage in dialogue on ratifying this important human rights instrument.

    Introducing the general comment, Mohammed Charef, Committee Expert and Chair of the Committee’s Working Group on the Convention and the Global Compact, said the Convention and the Global Compact both called for the protection of migrants from human rights violations, measures to promote decent work and access to social security, and efforts to help migrants reach their potential.  The general comment sought to help States parties to implement their commitments under these instruments and promote effective, tangible respect for the rights of migrants.

    The Committee heard statements marking the launch of the general comment by panellists from Permanent Missions and United Nations agencies, before holding a general discussion on how the Convention and the Global Compact could be implemented in synergy.

    In the discussion, speakers welcomed the adoption of general comment six, which they said assisted States in implementing their commitments under the Convention and the Global Compact and in managing migration with a human rights lens.

    Speakers welcomed that the general comment promoted non-criminalisation of migration.  States needed to adopt measures to combat the intolerance of migrants, particularly vulnerable persons, and to further facilitate regular migration, they said.

    Speaking as panellists were Carlos D. Sorreta, Permanent Representative of the Philippines to the United Nations Office and Other International Organizations in Geneva; Fernando Espinosa Olivera, Deputy Permanent Representative of Mexico to the United Nations Office and Other International Organizations in Geneva; Abdellah Boutadghart, Deputy Permanent Representative of the Kingdom of Morocco to the United Nations Office and Other International Organizations in Geneva; Catalina Devandas, Senior Director, Office of Partnerships, Advocacy and Communications, International Organization for Migration; Gladys Cisneros, Chief of Branch, Labour Migration Unit, International Labour Organization; Patrick Eba, Deputy Director, Department of International Protection, United Nations High Commissioner for Refugees; Tasha Gill, Global Lead on Migration and Displacement, United Nations Children’s Fund Regional Office for Europe and Central Asia; Jonathan Prentice, Head of the Secretariat, United Nations Network on Migration; Patrick Taran, President, Global Migration Policy Associates; Alan Desmond, Editor, Journal of Immigration, Asylum and Nationality Law, University of Leicester, United Kingdom; and Ariel Cejas Meliare, Procurador Penitenciario de la Nación [Procurator’s Office of the Nation of Argentina].

    Bangladesh, Honduras and Burkina Faso took the floor in the discussion.

    The Committee on Migrant Worker’s fortieth session is being held from 7 to 17 April.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 5:30 p.m. on Thursday, 17 April, to close its fortieth session.

    Opening Remarks

    FATIMATA DIALLO, Committee Chair, said currently, some 281 million people lived and worked in countries that were not their own. Migration was the symptom and effect of profound social, economic, and environmental pressures and changes around the world.  Migrants, especially those in an irregular situation, were disproportionately exposed to abuses and human rights violations, and often did not have access to due process or remedies.  As border controls had become stricter and regular pathways of entry and stay had narrowed, migrants’ journeys had become longer, more fragmented and more dangerous. More than 40,000 women, men and children between 2014 and 2021 had been declared dead or missing en route, and countless other disappearances had never been reported.  More than 8,900 people died on migration routes in 2024.

    Yet, the human rights dimensions of migration remained largely neglected.  The issue of migration was usually approached from the perspective of economic development or border security and control.  Inflammatory and xenophobic rhetoric against migrants helped politicians win votes, and in times of crisis, the migrant was a convenient scapegoat to blame for social and economic hardship.

    The Convention – a global legally binding instrument on migration – and the Global Compact – a non-binding instrument – were important international mechanisms in the context of migration.  They were unique, complementary and mutually reinforcing to advance migration governance and promote and protect the rights of all migrants, regardless of their migration status. 

    The Global Compact was first and foremost a strategic policy instrument for guidance, which was nevertheless anchored in the norms and standards of international law.  It was the most comprehensive migration governance instrument in the history of international migration, contributing to the protection of the various human rights of migrants and helping to operationalise the provisions of the Convention.  It laid the groundwork for Member States to create a strategy that protected all migrants in vulnerable situations through a range of mechanisms, including the provision of regular access pathways.

    The Convention, conversely, provided a comprehensive international legal framework for the promotion of the human rights of migrant workers and their family members, and remained the best strategy to prevent abuses and address the vulnerabilities that many migrants faced. It established minimum human rights standards, which were legally binding on States parties and applied to migrant workers and members of their families. 

    General comment six offered avenues for complementary coordination for the convergent protection of the rights of migrant workers and members of their families through the Convention and the Global Compact.

    The ratification of treaties could have a transformative effect.  Governments had used treaty provisions and treaty body recommendations to advance complex societal changes that faced resistance at the national level, such as adopting comprehensive non-discrimination legislation. Regrettably, none of the 27 European Union Member States had signed or ratified the Convention.  Convincing these States to ratify was important, not only because the European Union was an important migrant destination, but also because they had robust democratic institutions and vibrant civil society activity, and could meaningfully implement and comply with the Convention. Ratification by European Union Member States would send a strong message of support for this core human rights instrument.  It was time for the European Union and the Committee to engage in dialogue on the ratification of the Convention.

    The Convention did not create new rights, besides a few exceptions, but incorporated the fundamental human rights set out in the main international human rights instruments, applying them to a vast and specific category of the world’s population, namely migrant workers and members of their families.  Ms. Diallo called on States to support the Committee’s ratification campaign.

    PEGGY HICKS, Director, Thematic Engagement, Special Procedures and Right to Development Division, Office of the United Nations High Commissioner for Human Rights, said migration was the history of humanity. The worrying trend of dehumanising anti-migrant narratives, and securitised and punitive migration policies, limited access to safe migration pathways, while the criminalisation of solidarity was placing migrants and communities at heightened human rights risks. It was time to re-centre migration governance on human rights protection and strengthen international cooperation grounded in the dignity and rights of all people, regardless of migration status.

    General comment six was a milestone in international efforts to ensure that States aligned migration governance with international human rights obligations.  It illustrated the complementarity between the Convention and the Global Compact – each reinforcing and completing the other and constituting a bridge between soft law and treaty law, providing interpretative guidance for States to implement the Global Compact commitments consistently with international human rights standards.

    The Global Compact was the first inter-governmentally negotiated agreement which covered all dimensions of international migration in a holistic and comprehensive manner.  It respected States’ sovereign right to determine who entered and stayed in their territory and demonstrated commitment to international cooperation on migration.  It presented a significant opportunity to improve governance of migration, to address the challenges associated with today’s migration, and to strengthen the contribution of migrants and migration to sustainable development.  It also explicitly reinforced the importance of human rights and international law through its guiding principle on human rights and its commitment to the principles of non-regression and non-discrimination.

    The Convention offered detailed and binding provisions that complemented and strengthened the Compact’s more aspirational commitments.  On regularisation, for example, it provided concrete and binding guidance, requiring States parties to “take appropriate measures to ensure that [an irregular] situation did not persist” when migrant workers and members of their families were in an irregular situation within their territory, and stressed that States parties should consider adopting policies to prevent migrant workers and members of their families from falling into irregularity.

    The Convention was currently the least ratified of the core international human rights treaties, with only 60 States parties. Increasing the number of ratifications of the Convention remained a top priority for the Office of the High Commissioner for Human Rights.  At the same time, many countries had accepted many of the standards enshrined in the Convention via the ratification of other human rights treaties, the provisions of which mirrored the core rights codified in the Convention.

    Some of the recent work of the Committee highlighted the relevance of the Convention and the Committee’s work even to non-States parties, such as the joint general comments with the Committee on the Rights of the Child, which provided authoritative guidance that was equally applicable to all 196 States parties to the Convention on the Rights of the Child. Ms. Hicks also applauded the Committee for elaborating two joint general comments with the Committee on the Elimination of Racial Discrimination on principles and guidelines for eradicating xenophobia towards migrants.  The two draft general comments were already at an advanced stage and would be discussed at the current session.

    As the international community worked towards the implementation of the Global Compact, there was now also momentum for States parties, with the support of the Committee and its partners, to increase the number of States parties to the Convention.  The Convention had a unique role as the only binding global treaty focused on the rights of migrant workers and their families, with its principles echoed throughout the Global Compact. 

    Ms. Hicks encouraged the recognition that soft law and treaty law were not at odds, but rather mutually reinforcing.  This general comment helped bridge the two and offered useful guidance to all States, regardless of the ratification status. She invited States to consider Convention obligations in future implementation and review processes, such as the International Migration Reviews, and called on all States, including those that had endorsed the Global Compact but had not yet ratified the Convention, to engage in a dialogue with the Committee and the Office of the High Commissioner to discuss the benefits of ratifying this important human rights instrument.

    Statements Introducing the General Comment

    MOHAMMED CHAREF, Committee Expert and Chair of the Committee’s Working Group on the Convention and the Global Compact, called on all parties to carefully read the general comment, disseminate it and support its implementation.  In many countries, there were reports of serious and repeated violations of the rights of migrant workers, which had direct consequences on the most vulnerable among them.  Despite the alarmist discourse that was often used regarding migrant workers, there were many success stories associated with migration in the business, sport, music and science fields.  Human rights needed to be put at the heart of discussions concerning migrant workers.

    States needed to commit to their international obligations.  The Convention and the Global Compact had convergent goals, though only the former was binding.  Both instruments were rooted in values such as State sovereignty and respect for human rights.  They called for the protection of migrants from human rights violations such as trafficking and measures to promote decent work and access to social security.  Both instruments called for efforts to help migrants reach their potential.

    The general comment was based on broad-ranging consultations with civil society and stakeholders in Geneva and around the world. It sought to help States parties to implement their commitments under the Global Compact and to strengthen migration governance.  The general comment sought to promote effective and tangible respect for the rights of migrants.  Mr. Charef praised the efforts of champion countries of the Convention and called on States that had not yet ratified it to do so.  Ratification issues were more of a political nature than a legal one. The Committee would continue to encourage actors to promote the ratification of the Convention.

    The Global Compact and the Convention were two essential instruments for promoting the rights of migrant workers.  The Committee would promote their implementation and help build a brighter future for migrants around the world.

    EDGAR CORZO SOSA, Committee Expert and Member of the Committee’s Working Group on the Convention and the Global Compact, said the general comment juxtaposed two different instruments that needed to complement each other, rather than be put against each other.  One of its main goals was to provide authoritative guidance on how States could meet their obligations under these two instruments.  The general comment did not water down the human rights standards developed by the Committee, but rather built on them.  Safe, orderly and regular migration was a goal that could not be reached if human rights were left behind.  In the general comment, the Committee identified 14 common points between the two instruments, relating to topics such as decent work, returns, remittances, childhood, family, gender, protection, defence and trafficking in persons.

    The general comment provided a vision of migration governance that fully respected human rights.  The Committee would do its part in periodic reviews to promote its implementation.  It would hold a meeting with States in future to assess the impact that the general comment was having on human rights, and was calling on civil society to help disseminate it.

    Panel Statements

    CARLOS D. SORRETA, Permanent Representative of the Philippines to the United Nations Office and Other International Organizations in Geneva, thanked the Committee for its work on general comment six.  There were over 10 million Filipinos working in almost all regions of the world.  The Philippines promoted effective and fair governance of migration.  The State party aimed to safeguard the rights of all migrant workers and establish legal pathways to migration.  It had instituted a stringent anti-human trafficking law and had established gender-responsive mechanisms for migrants in distress in host countries.

    During the COVID-19 pandemic, the Philippines facilitated the return of over a million Filipinos.  It had passed laws allowing for dual citizenship and absentee voting, and developed a programme for enticing entrepreneurs and professionals to return to the State.  Most countries with which the Philippines negotiated with to protect its migrants were not parties to the Convention or the Global Compact. However, there were normative baselines that these States needed to uphold.  Over the years, protections for migrants had increased, influenced by these two instruments.

    FERNANDO ESPINOSA OLIVERA, Deputy Permanent Representative of Mexico to the United Nations Office and Other International Organizations in Geneva, said there was back-peddling on human rights and discriminatory discourse against migrants worldwide.  In this context, international agreements concerning migrants were very important. Mexico had led the creation of international frameworks, including the Global Compact, that guaranteed the respect of migrants and promoted secure, orderly, regular and humane migration. Mexico welcomed general comment six, which was the product of broad consultations.  It would help to bring greater consistency in efforts to protect migrants. 

    There were several commonalities between the Convention and the Global Compact.  Mexico had developed State agencies and policies for caring for migrants abroad and supporting their reintegration, as well as tools for collecting data on migrants.  The governance of migration was only possible when it respected human rights.  All States needed to adopt constructive approaches and respect their obligations in the field of human rights and international law.

    ABDELLAH BOUTADGHART, Deputy Permanent Representative of the Kingdom of Morocco to the United Nations Office and Other International Organizations in Geneva, said the general comment was the product of a long and transparent process. Morocco hailed the Committee’s efforts to seek inputs from States on the general comment.  Currently, migrants around the work were facing xenophobia and violations of their rights.  The general comment would support efforts to protect their rights. 

    Morocco had developed a strategy to promote the rights of migrants on its territory.  It had regularised the status of many irregular migrants and supported their access to State services.  The Government sought to ensure that migrants could enjoy their rights. It had helped over 8,000 citizens of African countries seeking to return to their home countries to do so. Morocco shouldered its responsibilities in terms of border management and combatting trafficking in persons. States were obliged to ensure that the general comment was a success, and to develop policies on migration that were based on facts rather than disinformation.

    CATALINA DEVANDAS, Senior Director, Office of Partnerships, Advocacy and Communications, International Organization for Migration, said around 60 per cent of migrants were migrant workers.  Migrant workers constituted 4.7 per cent of the global workforce.  Over 650 billion United States dollars were sent in remittances to low and middle-income countries in 2024.  Remittances were key to development and reducing poverty. 

    The general comment promoted the benefits of safe and orderly migration and equal treatment in employment for migrant workers.  It called for key actors, including migrants themselves, to be included in conversations on migration policies and for migrants to be direct beneficiaries of these policies.  Despite the ongoing challenges, the past few decades had seen immense progress in the protection of the rights of migrants and the promotion of the benefits of migration for all.  The Convention and the Global Compact were two examples of this progress, and the general comment was an important tool for breathing new life into these instruments.

    GLADYS CISNEROS, Chief of Branch, Labour Migration Unit, International Labour Organization, said migrant workers were three times more likely to be in situations of forced labour.  Exploitation of migrant workers generated some 30 billion dollars in profits each year. In many countries, migrant workers faced legal and practical barriers to freedom of association.  These examples highlighted the urgent need for the protection of migrant workers’ rights. 

    Many International Labour Organization Conventions supplemented the rights guaranteed by the Global Compact and the Convention.  The International Labour Organization hoped to continue its collaboration with the Committee, and the Global Compact provided a crucial framework for this collaboration.  It guided States parties in the implementation of the Global Compact and the Convention.  States and civil society needed to closely study the general comment and make use of it to ensure the implementation of the Global Compact and the Convention.

    TASHA GILL, Global Lead on Migration and Displacement, United Nations Children’s Fund Regional Office for Europe and Central Asia, said the general comment emphasised protecting children from statelessness by ensuring that all births were registered.  It promoted family reunification for migrant workers and their families and the protection of children’s rights at borders.  Further, the general comment called for the establishment of safeguards to ensure that migrant children could attend school, highlighting the risks of child labour.  Many children were left behind when their parents left their countries to work. The general comment called for policies to support these children.

    JONATHAN PRENTICE, Head of the Secretariat, United Nations Network on Migration, said the Global Compact outlined the ways in which safe and orderly migration could be achieved and recognised the need to review progress in its implementation on a periodic basis.  The Committee needed to exert further efforts to promote the implementation of the Global Compact and the general comment.  The Global Compact had a long way to go before it was fully realised, but its existence and potential were not to be underestimated.

    PATRICK TARAN, President, Global Migration Policy Associates, saluted the sixtieth ratification of the Convention by Zimbabwe.  This was a milestone achievement.  In addition to the 60 States parties, there were also 11 States that had signed the Convention but had yet to ratify it.  Demand for skilled labour was growing worldwide.  Migrants and migration were worth nine trillion dollars to the global economy.  However, pushbacks against the rights of migrants continued.  The Convention and the Global Compact were complementary only when States had ratified both.  No country could be a champion of migrant workers’ rights until they had ratified the Convention. 

    The death rate for migrant workers at work was at least three times the rate for migrants in transit.  Foreign workers were at least twice as likely as nationals to die at work in European Union Member States.  These deaths were a result of the lack of implementation of the standards of the Convention.  There needed to be a joint general comment on the complementarity of the Convention and the two International Labour Organization Conventions that addressed migrant workers.  The global campaign for ratification of the Convention needed to be rejuvenated. With more resources, the Committee could achieve at least 100 ratifications by 2030.

    United Nations Women said the general comment provided clarity on States’ obligations under the Global Compact and the Convention. At every stage of migration, women’s rights were non-negotiable.  Harmful narratives needed to be combatted, and migration pathways needed to be made safe for women.  Migrant women regularly faced human rights violations and threats en route. States needed to promote the participation of migrant women in policy development, strengthen protections for migrant women, and promote their access to work.  United Nations Women would help States to convert their commitments into transformative action for migrants.

    ALAN DESMOND, Editor, Journal of Immigration, Asylum and Nationality Law, University of Leicester, United Kingdom, said the general comment would be of great use in ensuring that States that had ratified the Global Compact and the Convention implemented their obligations, and in raising awareness of the Convention. The two instruments were not identical, and it was important for States to fully implement both.  Remittances were a vital source of income for migrant families and they helped to promote economic development.  Migrants often had to pay disproportionate transaction fees, sometimes as much as 10 per cent.  International commitments had been developed to reduce remittance costs. The Convention and the Global Compact conferred on migrant workers the right to send remittances and on States the obligation to facilitate such remittances.  The holistic implementation of the two instruments would help to support migrants’ ability to send remittances, among other rights.

    Poor sound quality prevented interpretation of the statement made by ARIEL CEJAS MELIARE, Procurador Penitenciario de la Nación [Procurator’s Office of the Nation of Argentina].

    Discussion

    In the ensuing discussion, speakers welcomed the adoption of general comment six, which assisted States in implementing their commitments under the Convention and the Global Compact and would help States to manage migration with a human rights lens.  Migration governance called for a coherent vision.  Speakers welcomed that the general comment promoted non-criminalisation of migration.  States needed to adopt measures to combat the intolerance of migrants, particularly vulnerable persons, and to further facilitate regular migration, they said.

    Speakers presented policies to promote orderly migration, naturalise irregular migrants, and combat trafficking in persons and statelessness.  They also congratulated the Committee on its efforts to promote the rights of migrant workers.

    Concluding Remarks

    CARLOS D. SORRETA, Permanent Representative of the Philippines to the United Nations Office and Other International Organizations in Geneva, said the Philippines was developing an initiative to strengthen social stability and access to medical services for migrants.  This would help improve the situation of migrants abroad and when they returned home.  The State was calling on receiving countries to join the Convention.  Migrants had a transformative effect on the countries in which they worked.  Countries that had in the past criminalised Filipino migrant workers whose rights were violated by employers were now holding such employers to account.  This trend needed to continue.

    ABDELLAH BOUTADGHART, Deputy Permanent Representative of the Kingdom of Morocco to the United Nations Office and Other International Organizations in Geneva, said that there was a need to ground migration policy in evidence, away from xenophobic discourse.  It was welcome to hear the strong support for this approach from all speakers.

    MOHAMMED CHAREF, Committee Expert and Chair of the Committee’s Working Group on the Convention and the Global Compact, said he was moved by the support expressed for the general comment by participants.  During these challenging times, there needed to be collaboration between all parties to address migrant workers’ complex situation and support them.

    EDGAR CORZO SOSA, Committee Expert and Member of the Committee’s Working Group on the Convention and the Global Compact, said the Committee would spare no effort to promote the implementation of the general comment, and ensure that the good standards and practices established in the Convention and the Global Compact were implemented around the world.

    FATIMATA DIALLO, Committee Chair, said the Committee hoped that the general comment would be a roadmap for States parties to improve protections for migrants and migrant workers.  It would take into consideration all comments made by participants and work to disseminate the general comment through its outreach activities.  It hoped that the general comment would contribute to promoting the protection of migrant workers across the world.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CMW25.005E

    MIL OSI United Nations News

  • MIL-OSI Europe: Minister highlights key foreign policy milestones and sets future direction

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Statements by M. Jean-Noël Barrot, Minister for Europe and Foreign Affairs, at his hearing before the National Assembly Foreign Affairs Committee (excerpts) (April 2, 2025)

    (…)

    Thank you for giving me the opportunity to outline the diplomatic track record of the first 100 days of François Bayrou’s government.

    UKRAINE

    The first point, unsurprisingly, relates to Europe’s strategic reawakening and Ukraine’s security. Just over a month ago we entered the fourth year of Russia’s war of aggression in Ukraine, which was a huge jolt for European nations. In recent weeks, as you’ve seen, we’ve made considerable progress towards what could be the resolution of this crisis and, more broadly, a European security architecture capable of deterring the threat for good.

    The Franco-British proposal for a one-month ceasefire in the air, at sea and on energy infrastructure was taken up by the Ukrainian President during his discussions with the United States, which, for its part, insisted on an immediate, complete and unconditional 30-day ceasefire. The Ukrainians, for whom this is a significant compromise, accepted it. (…)

    The Russians rejected the proposal, after suggesting they would abide by it. The situation is now clear: Russia is engaging in delaying tactics and wants to gain time. It hasn’t given up its territorial ambitions, it’s proceeding with further strikes on energy infrastructure, is continuing its war crimes and has even just launched the biggest conscription drive for 14 years – 160,000 young people expected to leave for the front. At this stage, it seems to me that Russia owes the United States, which is striving to lead the mediation, a clear response: yes or no.

    LEBANON

    The second point in our track record is support for Lebanon on the road to reconstruction. Although Lebanon was on the edge of the abyss, we managed to negotiate with our US partners a ceasefire that restored the country’s security and stability. It’s holding, despite the tensions, including the most recent ones. Israeli troops have withdrawn from 99% of the territories they had occupied.

    We’ve helped bring an end to a two-and-a-half-year vacancy for the head of State’s role. President Joseph Aoun was elected in January; he met President Macron in Paris on Friday 28 March. Prime Minister Nawaf Salam is working to give shape to the new hope for that country so close to France’s heart.

    We’ll continue to support its economic recovery and the restoration of a sovereign State by organizing an international conference dedicated to Lebanon’s reconstruction, in Paris this autumn. Between now and then, we’re advising Israel to enter into talks with Lebanon with a view to a definitive withdrawal from the five points it still occupies and the resolution of border disputes.

    SYRIA

    The third point in our record is our clear-sighted and conditional engagement with Syria following the fall of Bashar al-Assad’s criminal regime. We’ve chosen a demanding engagement with the new Syrian authorities, whose past we are aware of, with two goals: to foster a peaceful and inclusive political transition in keeping with Syria’s pluralism, guaranteeing respect for the rights of women and all communities; and to ensure that our security interests, particularly the fight against Islamist terrorism, the destruction of chemical weapons and an end to drug trafficking, are taken into account.

    This explains my visit to Damascus on 3 January and the organization of an international conference on Syria in Paris on 13 February. More recently, we encouraged the signing of an agreement on 10 March between the Damascus authorities and our Kurdish partners in the Syrian Democratic Forces (SDF), which have spearheaded the fight against Daesh in recent years, so that their rights and interests are taken into account in the Syrian transition and we can continue the fight against terrorism. We also ensured that the Organization for the Prohibition of Chemical Weapons (OPCW) can be deployed in Syria to destroy the regime’s stockpile of illegal chemical weapons.

    Our engagement is clear-sighted, demanding, conditional and reversible. We strongly condemned the massacres of Alawite civilians and let the Damascus authorities know that, in the absence of a fight against impunity, we shall not proceed with a lifting of sanctions.

    AFRICA

    The fourth point in the record is the renewal of our partnerships in Africa. At the end of November, the President of Nigeria was welcomed to Paris to strengthen our ties with the continent’s leading demographic power. It was the first state visit to France by an African head of State since 2017. In mid-January we hosted a state visit by the President of Angola, which took over the presidency of the African Union (AU) a month later.

    I personally have made several visits to sub-Saharan Africa: to the Sudanese border, to demonstrate our unfailing mobilization in the face of the world’s biggest humanitarian crisis; to Addis Ababa, headquarters of the AU, to revitalize, five years after the last session, our strategic dialogue with this new G20 member – because the AU has been admitted as a fully-fledged member; to Thiaroye in Senegal, to speak the truth about our shared history; to Johannesburg, to make France’s voice heard at the G20, whose presidency South Africa holds this year; and to Kinshasa and Kigali, to call on the Congolese and Rwandan heads of State to prioritize diplomacy rather than weapons.

    CHINA/TRADE

    Fifth point in the record: progress on trade negotiations in China. My visit last weekend was a first step towards resolving our dispute on Cognac and Armagnac. Before my visit to Beijing, the industry was under threat of an immediate imposition of definitive tariffs ranging from 34% to 39% on Cognac and Armagnac and the definitive closure of access to duty-free shops.

    The demanding dialogue we’ve been conducting has enabled us to maintain this access for goods that have already arrived in China and delay by three months any imposition of definitive tariffs. This significant reprieve allows us to continue this demanding dialogue with China in order to put this dispute behind us. Next step: high-level dialogue between the Economy and Finance Minister and his Chinese counterpart on 15 May.

    ARTIFICIAL INTELLIGENCE

    The sixth point in the record is the success of the Artificial Intelligence (AI) Action Summit, held in Paris in January with more than 100 countries. Co-chaired by France and India, whose prime minister paid an official visit to France on the occasion, it concluded with a statement tackling, for the first time, the challenges of AI in their entirety – environmental, social and democratic. We also managed to secure an announcement of private investment in France to the tune of €109 billion, to benefit our businesses and fellow citizens, which will be followed up with a €50-billion investment by the European Commission, testifying to France’s attractiveness when it comes to this promising technology.

    IRAN/FRENCH HOSTAGES

    The seventh point in the record is the release of several French hostages. On 17 March, after months of active efforts and four conversations with my counterpart, we secured the release of Olivier Grondeau. It was an especially moving moment, shared by the nation’s elected representatives during a tribute paid on 25 March to him and our two other compatriots, Jacques Paris and Cécile Kohler, who are still being held after more than 1,000 days.

    To free them, we’ll be stepping up the pressure on the Iranian regime. First of all, in the coming days, probably during the European Foreign Affairs Council on 14 April, we’ll be adopting additional European sanctions against those Iranians responsible for the state hostages policy. Secondly, given the unacceptable violations of our two compatriots’ right to consular protection, which are sadly just one aspect of their harsh conditions of detention, we’ll be lodging a complaint against Iran with the International Court of Justice, for violating the right to consular protection. (…)

    What makes our diplomacy strong is precisely that it has a more extensive arsenal than others, ranging from dialogue to sanctions, and that it uses it wisely, having learnt from decades and even centuries of French diplomatic successes.

    It’s this strength that I’ll be harnessing in the next 100 days to defend and promote French interests.

    GAZA

    The first area on which we’re focusing efforts is the search for a lasting political solution in Gaza. We’re working for a permanent ceasefire enabling the release of all the hostages and the massive delivery of humanitarian aid, blocked for several weeks, to the civilian population, who are in a tragic situation. We’re convinced that there’s no military solution to the Israeli-Palestinian conflict. In particular, annexation, the forced displacement of people, and settlement activity are a dead end and a threat to the security of Israel itself.

    We’ll continue to work to find the path to a lasting political solution. In Gaza, we support the Arab plan, which proposes a reconstruction framework and credible security guarantees. It aims to establish a new Palestinian governance, in which Hamas must in no way take part. Outside Gaza, we’ll continue working with our Saudi partners, co-chairing an international conference at the United Nations headquarters in New York in the summer, aimed at restoring the prospect of a two-State solution, which alone guarantees peace and security to the Israelis and Palestinians.

    SUDAN

    The second area we’re focusing on concerns the crisis in Sudan, the world’s biggest humanitarian crisis in terms of its scale – 26 million children, women and men in a situation of absolute humanitarian distress. 15 April will mark the second anniversary of the conflict.

    In 2024 we hosted a major international conference on support for Sudan and the neighbouring countries, which raised more than €2 billion in humanitarian commitments. On 15 April I’ll be visiting London for the second conference, co-organized with the United Kingdom, Germany, the European Union and the AU. We’ll review the commitments made last year and call on those involved to shoulder their responsibilities, to ensure that the conflict does not see a third anniversary.

    DRC/RWANDA

    The third area of work concerns diplomatic and humanitarian support in the Great Lakes region. We’re making active efforts to find a diplomatic solution to the crisis tearing apart the eastern DRC, where Rwandan troops are deployed supporting the rebel group M23, in breach of Congolese sovereignty.

    We’re pursuing this goal at several levels: bilaterally, President Macron is in close contact with his two counterparts and the region’s leaders; at the level of the European Union, which recently adopted new individual measures against military leaders from Rwanda and the M23 rebel group; and at the UN, where we played a key role and got the Security Council to adopt a historic resolution at the end of February, unanimously condemning the presence of Rwandan troops in the eastern DRC.

    We’re also in contact with African mediators, who are working on the front line to secure a political resolution to the crisis – i.e. in practical terms, a lasting and mutually-agreed ceasefire and a resumption of negotiations. It’s a matter of urgency. The whole region’s stability is at stake, and the conflict has already led to the displacement of nearly a million people since the beginning of the year, and several thousand deaths. It’s the world’s second most serious humanitarian crisis. So I’ve decided, regardless of the budgetary constraints, to increase our humanitarian support package by €5.5 million.

    IRAN/NUCLEAR PROGRAMME

    Our fourth area of work concerns the search for a binding agreement on Iran’s nuclear programme. Despite the setbacks it has suffered in recent months – the heavy defeat of Hezbollah in Lebanon, the fall of Bashar al-Assad’s regime, Israel’s aerial attack on its territory, a disastrous economic situation – Iran is continuing an agenda of destabilization, raising the stakes in its nuclear programme, which is reaching unprecedented levels, continuing its support for groups that destabilize the region such as the Houthis, supporting Russia’s war in Ukraine by delivering drones and missiles, and a policy of state hostages.

    Ten years after the conclusion of the Joint Plan of Action (JPoA), we remain convinced that Iran must never obtain a nuclear weapon. Our priority is to achieve an agreement that restricts its nuclear programme in a lasting and verifiable way. The window of opportunity is narrow: we have only a few months before the expiry of the JPoA, secured in particular thanks to French negotiators, to whom I pay tribute. In the event of failure, a military confrontation would become all but inevitable. Its cost would be very high, in that it would very badly destabilize the region. We’ve been doing everything to prevent that, for the past 10 years.

    ALGERIA

    Fifthly, we’re focusing our efforts on opening up diplomatic space with Algeria. The tensions between us, which we didn’t cause, serve neither its interests nor ours. We must reduce them rigorously and with honesty, without weakness. That was the approach behind the Prime Minister’s convening of an interministerial meeting on immigration control providing for a re-examination of the agreements reached between the two countries.

    The telephone conversation between President Macron and his Algerian counterpart reopened a diplomatic space allowing the crisis to be resolved. We intend to take advantage of it to achieve results, in the interests of French people, as regards cooperation on migration, justice, security, the economy and remembrance. The two heads of State decided on some principles. They must now find a way to implement them. On Sunday I’ll be visiting Algiers for this. Other ministerial, and no doubt parliamentary, visits will follow.

    WESTERN BALKANS

    Sixth area where we’re focusing our efforts: the Western Balkans. Exactly 30 years ago, the region was in the grip of a very high-intensity war, right at the heart of the European continent, less than 2,000 kilometres from France. In Serbia, the authorities are facing unprecedented public unrest. The negotiations conducted for several months between President Vucic and the demonstrators have made it possible to announce the formation of a new government in the next few weeks, which is a first step towards calming down the situation. Last Saturday, during a conversation, President Macron had the opportunity to encourage him to move further along that path.

    In Bosnia and Herzegovina, since an arrest warrant was issued against him, the President of Republika Srpska, Milorad Dodik, is stepping up his secessionist initiatives, which we have systematically condemned. We gave our consent to a strengthening of the European ALTHEA force, which is under French command, by some 600 additional personnel, so that it could be in a position to calm down the situation if it became toxic. (…)

    We’re focusing on the European Political Community summit being held in Tirana on 16 May, providing President Macron with the opportunity to hold meetings with the authorities in the countries of the region – both the ones gripped by the crisis and those which, on the contrary, are making good progress on their pathway to the European Union, particularly Albania and Montenegro.

    ARMENIA/AZERBAIJAN

    The seventh area on which we’re focusing efforts is the Caucasus, particularly with our support for Armenia. We welcomed the conclusion of negotiations on the peace treaty between Armenia and Azerbaijan. Nothing stands now in the way of it being signed, which I hope will take place as soon as possible. France will continue to unfailingly support Armenia’s resilience and sovereignty. The determination of Nikol Pashinyan’s government to stay on the path of independence, democracy and peace is remarkable, especially as Russia is not hiding its hostility.

    In this context, we are closely following the trial of the Armenians of Nagorno-Karabakh, which began on 17 January at the Baku Military Court. We are being very vigilant as regards the concerns expressed by human rights organizations about the fairness of trials and the treatment of defendants. We call for the release of all prisoners held arbitrarily in Azerbaijan and would like the normalization process between the two countries to allow the issue of prisoners and detainees to be resolved.

    UN OCEAN CONFERENCE

    Our eighth area of work concerns the organization of the third United Nations Ocean Conference (UNOC) in Nice in June. A highlight of our international calendar, 10 years after the conclusion of the Paris climate agreement, it’s set to be its equivalent for the oceans. We’re aiming at several outcomes – one of them is being debated in the Chamber at this very moment – including the entry into force of the international treaty for the protection of the high seas and marine biodiversity, which requires it to be ratified by 60 signatory States. We’ve got to about 20. We’re making active efforts at every level, including that of your committee through Éléonore Caroit, whom I thank. We’ll be opening a ratification office in Nice during UNOC, to encourage countries that are delaying to submit their ratification instruments.

    Allow me to say a word about the two main projects to transform the Ministry.

    INFORMATION WAR

    The first concerns rearmament in the face of the information war. In 2024 France was the European Union country most targeted by foreign interference, with 152 of the 505 cases detected in Europe between November 2023 and November 2024. That year, 2024, saw a great deal of evidence that operations of influence, particularly Russian ones, were being conducted against our civilian population. France has assets to defeat this, but must invest more in informing French people. More broadly, it must not only beef itself up to defend itself but also reinvent itself to make its voice heard, at a time when the information space has become fragmented.

    FOREIGN MINISTRY AND THE PUBLIC

    The second transformation project consists in focusing the Ministry for Europe and Foreign Affairs more on French people and creating through this key State ministry – which is probably one of those least known by our compatriots – a link between diplomacy and nation such as that between the army and the nation. What happens beyond our borders has probably never had so much impact on our compatriots’ daily lives, and both you and I saw during scrutiny of the budget an insufficient understanding of the work we do in parliamentary and ministerial diplomacy to serve our compatriots.

    This transformation project is very far-reaching and affects every dimension of our action. It’s about better assessing and developing the response the Ministry provides to French people’s concerns, for example in terms of employment, the ecological transition, health and immigration. It’s about activating links with French people by supporting economic diplomacy and decentralized cooperation – local authorities are the Ministry’s chief partner. It’s about taking resolute action, with elected representatives of the regions, departments and cross-border communities, to finally remove the many irritants facing the millions of our compatriots who have daily experience of the border. It’s about increasing the number of visits by the Minister within France, which is not customary but seems important in the period we are going through, because our compatriots are worried about what is happening abroad and need to be given some control. Finally, it’s about opening the Quai d’Orsay right up and increasing the number of visits there so that people can properly understand the professions of the diplomatic service, how it can change our compatriots’ lives and why it’s so useful on a daily basis. (…)./.

    MIL OSI Europe News