Category: European Union

  • MIL-OSI United Kingdom: Edinburgh Award 2025 – nominations open today

    Source: Scotland – City of Edinburgh

    The Capital is once again searching for a worthy recipient of the coveted Edinburgh Award, with nominations for this year opening today (Monday 14 April).

    Since 2007, this accolade has honoured individuals who have made remarkable and lasting contributions to the city, putting Edinburgh firmly on the national and global map.

    The Edinburgh Award celebrates those whose outstanding achievements have enriched our capital and showcased it to the world. Past recipients have included extraordinary musicians, bestselling authors, pioneering scientists, human rights activists, and top-tier athletes – all of whom have left an indelible mark on Edinburgh’s legacy – and all have a cast of their handprints imprinted in flagstones in front of the City Chambers. 

    In 2024, the Edinburgh Award was presented to Mel Young MBE, a visionary leader who has transformed lives through the Homeless World Cup. The global initiative now spans 70 countries, empowering over 100,000 homeless individuals annually.

    Mel’s co-founding of the Big Issue in Scotland in1993 and leadership as Chair of Sportscotland between 2016 and 2024 also exemplify his profound impact on the city.

    Edinburgh has four weeks to cast nominations for the 2025 award, before a recipient is selected by the Civic Awards Committee.

    The Lord Provost of the City of Edinburgh, Robert Aldridge has urged individuals and businesses to nominate someone for the Award:

    Edinburgh’s global influence over the last two centuries is thanks to the exceptional character, achievements, and excellence of our citizens. The Edinburgh Award gives us a chance to honour the individual whose work continues to make Edinburgh the extraordinary city we all know and love. I am continually inspired by the way Edinburgh’s people support one another, and this award reflects that community spirit.

    We are now in the 19th edition of the Edinburgh Award, and I invite everyone to nominate someone who has truly made a difference to our city. Now is your chance to help identify the next individual to be celebrated with the Edinburgh Award 2025.

    Nominations open today Monday 14 April and close at 12 noon on Friday 16 May 2025.

    To find out more and submit your nomination please visit our website.

    Published: April 14th 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: New skatepark taking shape close to Abbey Park

    Source: City of Leicester

    Leicester City Council is working with leading UK skatepark specialists Maverick Industries to create the new facility at St Margaret’s Pastures sports grounds, off St Margaret’s Way.

    Construction of the new skatepark is now well underway and it is expected to open to the public from July.

    The new skatepark – which will be completely free to use – will include flat bank ramps, grind rails and ledges, a stair set, a wheelie or ‘manny’ pad and an impressive quarter pipe that will run the full length of one end of the facility. Its specially laid surface will also feature a bold colourful design.

    City Mayor Peter Soulsby said: “The new skatepark is now taking shape and it will be fantastic to see it complete and in use this summer.

    “St Margaret’s Pastures is already home to several well-used sports pitches and facilities and it made good sense to use a vacant part of the site to expand the range of outdoor activities on offer.

    “Maverick are experts in their field and the design they have developed for this new skatepark is very impressive. They’ve listened very carefully to what skaters and other enthusiasts want from a new facility.”

    As part of its initial design process, Maverick carried out an online survey and collected feedback from over 570 respondents ranging from beginner to expert skaters, as well as BMX and scooter riders.

    Sam Reynolds, director at Maverick, said: “There’s a real sense of excitement for a new purpose-built skatepark in Leicester and we’re dedicated to creating a space that best serves the area.

    “The enthusiastic response to our online survey – the largest we’ve seen in the UK – has been key in shaping a design the community can be passionate about. We are stoked to have the new skatepark ready for people to enjoy this summer.”

    The new skatepark is being built on an area of council-owned land currently leased to Leicester Hockey Club, immediately next to its Olympic standard pitch.

    Located close to the city centre, the new facility will be easily accessible by foot, bike or skateboard and is near to car parking and toilets.

    The city council approved funding of £375,000 for the scheme in 2022, under cash set aside for people and neighbourhoods policy provision.

    [Ends]

    Top picture: (from left) Mohd Bin Jalil, Leicester City Council construction project manager; John Squires, Leicester City Council technical project manager; City Mayor Peter Soulsby; Dan Castle, Maverick Industries site foreman; Mark Clogg, Maverick Industries director and health and safety officer.

    Bottom picture: Artist’s impression showing how the skatepark will look.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Ideas for family fun in Leicester this Easter

    Source: City of Leicester

    THERE’S lots going on in Leicester during the school holidays this Easter that’s completely free for children and families to enjoy.

    At the Kingfisher Youth & Community Centre on the Saffron estate today (Monday 14 April), there’s a Safer Saffron Community Day, with everyone welcome to join free activities including sport, music and games between 12 noon and 4pm.

    Booking is required at a free event at Braunstone library today (Monday 14 April), when youngsters will be able to decorate wooden eggs, bunnies and Easter bonnets. Also today (Monday), there’s a drop-in session to make bunny hats and Easter wreaths at Beaumont Leys library from 2pm-3.30pm.

    On Tuesday 15 April, there are Easter crafts at both Evington and Highfields libraries (booking required), there’s Easter fun at Knighton and Braunstone libraries (booking required), while Belgrave library invites those aged seven and over to use their STEM skills in a free Gangsta Granny activity (booking required).

    Visit the libraries’ website to find out about other sessions to make Easter cards and spring bonnets at Leicester’s libraries.

    At Newarke Houses Museum, also on Tuesday 15 April, youngsters can make their own bunny mask and follow the Easter trail. Tickets for the Easter Eggstravaganza are £4 when booked online (£5 on the door).

    The following day – Wednesday 16 April – there’s an Easter Fun Day at the Guildhall, with arts and crafts and the chance to make a hatching chick and a mini Easter basket. Tickets are £4 when booked online (£5 on the door).

    Belgrave Hall hosts its Hoppy Easter event on Thursday 17 April, with bunny races on the lawn, face painting and lots of garden games. Tickets are £4 per child when booked online (£5 on the door).

    Railway enthusiasts will be able to hop on board the train at Abbey Pumping Station on Tuesday 22 April, with a special Easter Holiday Railway Day. Rides on the pumping station’s narrow gauge railway are just 50p and the fun runs from 11.30am to 4pm.

    There’s the chance to play with clay at Belgrave Hall on Wednesday 23 April, while the Guildhall hosts its Arty Play Fun Day on Thursday 24 April, when children will be able to create a fun design on a t-shirt brought from home. For both events, tickets cost £4 per child when booked online (£5 on the door).

    Those aged nine and over can help build the cardboard components needed for a stunning reconstruction of the entrance to Leicester’s long-gone Roman forum next week.

    From Easter Monday (21 April) until Friday 25 April, celebrated visual artist Olivier Grossetête will lead a series of free workshops at the Highcross shopping centre, where families will be able to help him make the arches, balconies and roofs required for the giant structure.

    People of any age are then invited to drop in to Jubilee Square on Saturday 26 April to help the artist tape the cardboard sections together – returning on Sunday 27 April to take part in the artwork’s dramatic dismantling.

    Those wishing to help create something special for Leicester and take part in the pre-construction workshops should email festivals@leicester.gov.uk to reserve their free space.

    The Old Town Festival itself (26-27 April) will incorporate traditions to mark St George’s Day, including a fire-breathing dragon and a gallant knight, as well as a celebration of the city’s fascinating Roman heritage, with Olivier Grossetête’s spectacular cardboard archway at its heart.

    Taking place on Jubilee Square and sites within the city’s Old Town, the free festival will feature a living history Roman camp, an artisan craft market, hands-on archaeology and themed storytelling.

    And there’s a Roman theme for a free guided bike ride on Sunday 20 April, with Leicester’s Roman heritage brought to life by Hidden Histories’ Jim Butler. Places must be booked at letsride.co.uk/rides and children under 16 must wear a helmet and be accompanied by an adult.

    On Saturday 26 April, the whole family is invited to join the Old Town Festival’s Roman Bike Parade – an easy circular ride that starts at the Town Hall Bike Park at 12 noon. Book your place on the parade at letsride.co.uk/rides

    The Haymarket shopping centre has organised lots of free activities for the Easter break too, including Easter egg decorating on Saturday 19 April and puppet-making for St George’s Day on Wednesday 23 April.

    It’s also going Roman, with a free family event on Thursday 24 April that will feature stilt-walking Roman statues, some hilarious gladiators and a friendly dragon called Smokey, while on Friday and Saturday (25-26 April), youngsters can help create a fabulous fabric Roman mosaic. 

    Find out more at haymarketshoppingcentre.com

    More ideas for free and low-cost fun in Leicester during the Easter holidays can be found at families.leicester.gov.uk/Easter-fun

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: “We are a city on the up”: Council Leader reflects on visits to China and France

    Source: City of Derby

    The last few weeks have given me so many reasons to be proud of our region but my recent trips to the MIPIM Real Estate Summit and China have really brought this home for me.

    I’ve been reminded of just how much Derby has to offer not only to the rest of the UK but internationally. We’re seeing record rates of investment into our city by key players who also recognise the potential of our relatively small but very mighty city.

    MIPIM, the world’s leading real estate event, gave Team Derby the opportunity to spend time with potential investors, not only telling them all about Derby’s incredible regeneration story, but taking time to listen to what they have to say. The event was the perfect opportunity to launch Derby’s ‘City Centre First for Offices’ prospectus, showcasing office opportunities and supporting a drive to get more people into our city centre and supporting the local economy. A big thanks once again to Marketing Derby for coordinating Derby’s part in the event.

    We’re passionate about collaboration and partnership so it’s important to learn what our potential investors think. The message was loud and clear from investors and developers alike: stability and confidence is key. This has been crucial in attracting the big investors and names we see here now and those in the pipeline. Finally, we are a city on the up!

    Whilst in China, I had the opportunity to spend time with trade leaders discussing potential investments into our region and strengthening partnerships that will unlock new opportunities for our economic growth. The week-long visit had a packed agenda, and we six Mayors and Deputy Mayors worked really hard to promote our regions and the UK as a prime place to invest.

    The trip was a significant step forwards in the UK’s efforts to secure its position as a global leader in trade, technology, and innovation – setting the stage for a new era of international collaboration. I’m confident that by forging deeper ties with China, we can revitalise the UK’s economic foundations by boosting trade, creating new jobs and securing investment opportunities that will ensure long-term prosperity.

    It was a fantastic opportunity and I’m very excited to see the impact that these two trips will have on our city over the coming months and years.  

    Of course, I can’t talk about the last few weeks without mentioning our wonderful new city centre venue! It was thrilling to attend the Vaillant Live opening event at the start of this month and see the venue alive with people having a fantastic time. Thinking back to what the site looked like the first time I visited in June 2023, the transformation that has taken place is staggering and I’m so proud of all we’ve achieved. The excitement really was palpable on opening day and the feedback that we’ve received has been overwhelmingly positive.

    This is yet another example of international players, such as ASM Global and Vaillant, choosing to invest into Derby. With their headquarters in Belper and manufacturing site at Indurent Park Derby, Vaillant have already invested heavily in Derbyshire, and I’m pleased to see this continue into the Becketwell development. I was able to go along to the opening of Vaillant’s heat pump manufacturing site, which is just outside of the city centre, at the end of March and see first-hand the impact of their investment.  

    Looking ahead, I’m incredibly excited for the Market Hall re-opening next month and cannot wait for everyone to see all the hard work that has been poured into revitalising one of our beloved buildings. We made our intention to transform our city centre into a vibrant heart very clear when we came into power almost two years ago and it’s fantastic to see this start to come to life.

    Confidence in Derby as a vibrant, pioneering city and a centre for manufacturing excellence is sky-high right now. Backed by support from partners locally and across the globe, we’re creating a vibrant city centre with culture at its heart and I’m very proud to be a part of the journey.

    MIL OSI United Kingdom

  • MIL-OSI Economics: Remegen eyes competitive DMT market as telitacicept shows promise in gMG, says GlobalData

    Source: GlobalData

    Remegen eyes competitive DMT market as telitacicept shows promise in gMG, says GlobalData

    Posted in Pharma

    At the recently held 2025 American Academy of Neurology (AAN) meeting, Remegen presented positive Phase III results for telitacicept in patients with AChR+ or MuSK+ generalized myasthenia gravis (gMG). The B cell-targeting therapy demonstrated a favorable efficacy and safety profile over 24 weeks, showing clinically meaningful improvement. These findings position telitacicept as a potential challenger to the existing disease-modifying therapies (DMTs), says GlobalData, a leading data and analytics company.

    Telitacicept, given once weekly, demonstrated significant improvements‌ in myasthenia gravis activities of daily living (MG-ADL) and quantitative myasthenia gravis (QMG) scores after just four weeks of treatment compared to placebo. The improvements were sustained through to week 24 of the trial. These data demonstrated that patients treated with telitacicept‌ achieved ‌clinically meaningful reductions in disease severity.

    Telitacicept was also shown to be well-tolerated, with an overall adverse event (AE) incidence like that of the placebo group and an incidence of infection-related AEs that was lower than that of the placebo group.

    Jos Opdenakker, Pharma Analyst at GlobalData, comments: “Displaying improvements in disease control, as measured by MG-ADL and QMG scores across a broad population that is seropositive for AChR or MuSK autoantibodies, is essential as most marketed therapies are indicated for AChR+ patients with gMG. As a DMT, telitacicept will be entering a highly competitive space in the market.”

    According to GlobalData’s Drugs database, there are six DMTs currently marketed across the seven major pharmaceutical markets (7MM: The US, France, Germany, Italy, Spain, the UK, and Japan) for AChR+ patients. These include complement inhibitors and neonatal Fc receptor (FcRn) inhibitors, both of which are treatment pathways that are well-established in the MG treatment paradigm.

    Opdenakker continues: “The late-stage pipeline (Phase IIb–III) is also crowded, with five other late-stage pipeline agents targeting both AChR+ and MuSK+ patients. Furthermore, there are also highly effective treatments for MuSK+ patients that are currently used off-label. Remegen will have to make an astute decision as to where it positions telitacicept in the MG treatment landscape.”

    The key opinion leaders (KOLs) previously interviewed by GlobalData have noted that rituximab is a first-line treatment for patients who are MuSK+ and can induce complete remission in MG patients. If Remegen wants to position telitacicept as a first-line DMT for MuSK+ MG patients, it will be competing against the well-established rituximab, which is also available as a cheap biosimilar.

    Opdenakker concludes: “With clinically meaningful improvements in MG-ADL and QMG scores, telitacicept offers hope for both AChR+ and MuSK+ patients. However, Remegen faces challenges as it enters a highly competitive market with established DMTs and several late-stage pipeline agents. Conducting head-to-head trials against these treatments can help telitacicept differentiate itself further. Telitacicept has the potential to become a valuable addition to the gMG treatment paradigm, offering new possibilities for disease management. Its success, however, depends on Remegen successfully navigating the complexities of market competition.”

    MIL OSI Economics

  • MIL-OSI Economics: OX40 inhibitors may transform atopic dermatitis landscape, says GlobalData

    Source: GlobalData

    OX40 inhibitors may transform atopic dermatitis landscape, says GlobalData

    Posted in Pharma

    The atopic dermatitis (AD) treatment landscape is witnessing intensified competition with several novel therapies nearing market entry. While biologics like dupilumab have already transformed care, emerging drug classes such as OX40 inhibitors are showing promise in clinical trials. Their potential for long-lasting efficacy and favorable safety profiles may significantly advance treatment options for moderate-to-severe AD patients, says GlobalData, a leading data and analytics company.

    GlobalData’s report, “Atopic Dermatitis (AD) Epidemiology Analysis and Forecast to 2033,” reveals that the diagnosed prevalent cases of AD will register an annual growth rate of less than 1% during 2023-2033 across the seven major markets (7MM: The US, France, Germany, Italy, Spain, the UK, and Japan).

    Following the introduction of Sanofi/Regeneron’s Dupixent (dupilumab), biologics have had a dramatic impact on the AD space, offering targeted treatments with minimal side effects to patients with AD, who have previously exhibited inadequate responses to topical or immunomodulatory treatments.

    Although oral treatments such as Janus kinase (JAK) inhibitors have entered the market and are paving the way for other oral therapies, they have demonstrated a strong side-effect profile that may not allow them to have a similar impact to Dupixent. A new drug class that is currently being investigated is OX40 inhibitors, which target OX40 receptors and ligands, providing an anti-inflammatory effect.

    Filippos Maniatis, Healthcare Analyst at GlobalData, comments: “OX40 inhibitors may be promising as AD treatments, as the key opinion leaders interviewed by GlobalData have shared their excitement about the effects that these drugs may bring to patients with AD. At the moment, Amgen/Kyowa Kirin’s rocatinlimab is at the forefront of OX40 inhibitors for AD, followed by Astria Therapeutics’ telazorlimab, and Sanofi’s amlitelimab, the readouts of which are highly anticipated by the community.”

    Rocatinlimab has previously demonstrated significant improvement in disease severity, with a durable long-lasting effect, as seen in the Phase IIb, results. In addition, the recent topline results of one of the six Phase III clinical trials that have further reinforced rocatinlimab’s position, showing that 42.3% of patients who received a high dose met the improvement criteria of ≥75% improvement from baseline based on the Eczema Area and Severity Index (EASI-75), brings rocatinlimab closer to a potential approval for AD.

    Maniatis adds: “Rocatinlimab is currently ahead of the other OX40s being investigated in AD, showing very promising results. Nevertheless, as Sanofi’s OX40 inhibitor amlitelimab is also in Phase III with a primary completion date in October 2025, it will be interesting to see what the outcomes reported for amlitelimab will be and how they compare to rocatinlimab’s studies.”

    Telazorlimab, which is another OX40 inhibitor in the pipeline within AD developed by Astria Therapeutics, is currently behind on development, as its Phase IIb trial has been completed and the results have demonstrated a well-tolerated and clinically significant profile. Nevertheless, the excitement around this new drug remains, with the experts in the field awaiting further results to understand their potential positioning in the AD market.

    Maniatis concludes: “OX40 inhibitors offer a new mechanism of action to a crowded market, with the potential of resulting in a shift in clinical practice. The potential long-lasting effects of these pipeline agents, as seen with rocatinlimab, and their good clinical profiles may offer a significant advancement in AD management, addressing current unmet needs and increasing the anticipation for these potential therapies in the AD market.”

    MIL OSI Economics

  • MIL-OSI Europe: President Meloni attends celebrations for 173rd anniversary of the establishment of the Italian State Police

    Source: Government of Italy (English)

    10 Aprile 2025

    The President of the Council of Ministers, Giorgia Meloni, attended today’s ceremony to mark the 173rd anniversary of the establishment of the Italian State Police (Polizia di Stato).

    MIL OSI Europe News

  • MIL-OSI China: Consumer goods expo highlights China’s growing allure for global brands

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

    HAIKOU, April 14 — The fifth China International Consumer Products Expo (CICPE), held on the tropical island province of Hainan, has reaffirmed the country’s position as a vital marketplace for global enterprises.

    This year’s expo has drawn record participation from over 4,100 brands across 71 countries and regions, reflecting the expanding international appetite for engagement with China’s vast consumer market and its evolving landscape.

    The UK, this year’s guest country of honor, brought 27 companies spanning fashion, beauty, and other fields. Flagship brands like Burberry and Bentley showcased their latest offerings, with a strong emphasis on green technology and sustainable development.

    “I have seen the tremendous innovation and growth taking place within China’s economy in recent years, not least in digital technologies, life sciences and green energy,” said Douglas Alexander, minister of state of the UK’s Department for Business and Trade.

    These areas present significant opportunities for both economies, he said, emphasizing the UK’s commitment to deepening economic ties with China.

    Burberry Greater China President Josie Zhang noted the value of the expo in facilitating foreign firms to engage with local partners. “By deepening cooperation with various stakeholders, we aim to explore new market opportunities and achieve mutual growth,” she said in a written interview with Xinhua.

    Slovakia also made a notable debut with its first-ever national pavilion. Andrea Jancekova, CEO of Slovak brand Truscada, praised the expo’s global reach. “You can have a good connection also with people from all over the world.”

    Slovak Deputy Prime Minister Denisa Saková highlighted the expanding trade ties between the two countries. “China is one of our most important trading partners outside the European Union,” she said. “The growing volume of trade is a testament to the strength and dynamism of our economic relationship.”

    Among the newcomers was Japan’s Eda Livestock Co., Ltd., known for its premium Wagyu beef. “We plan to establish a foreign trade company in Hainan as our strategic entry point into the Chinese market,” said Rei Tanaka, the firm’s chief operating officer, who participated in the CICPE for the first time.

    This year’s expo also gathered an array of top-tier global luxury brands. Richemont’s TimeVallée debuted as an independent exhibitor, while LVMH and Kering Group brands made notable appearances, reflecting confidence in China’s premium consumption growth.

    “Luxury consumers in China are significantly younger than those in many overseas markets, and that presents a major opportunity for us,” said Nancy Liu, president of luxury travel retailer DFS China. The company has introduced tailored services to cater to the expectations of these emerging consumer groups.

    Beyond luxury, sectors like automotive and technology are repositioning China from being a mere sales destination to a research and innovation hub.

    Amid China’s technological innovation momentum, this year’s expo for the first time introduced dedicated zones for artificial intelligence and the low-altitude economy, showcasing cutting-edge technologies and products from leading tech companies around the world.

    “Since 2020, Volkswagen has invested over 10 billion euros in China. In particular, we have established a research and development center in China in 2023, the largest outside Germany,” said Su Bahong, vice president of Volkswagen Group China. “This shows the trend where China is becoming the global technological innovation hub.”

    MIL OSI China News

  • MIL-OSI Economics: Fabio Panetta: Opening of The Adventure of Money “From Gold to the Digital Euro” exhibition

    Source: Bank for International Settlements

    Mr President of the Autonomous Province of Trento,
    Mr Mayor, Rector,
    Distinguished Authorities,
    Ladies and Gentlemen,

    Let me begin by expressing my sincere gratitude to the organizers of the Festival of Economics – the Autonomous Province of Trento, Trentino Marketing, and the 24 Ore Group – as well as to the Fondazione Caritro, which graciously hosts us today, for their invitation to take part in this inaugural event.

    The exhibition we are opening today offers a preview of the future Money Museum, whose permanent home will be in Rome, on Via Nazionale.

    The Adventure of Money is a journey through five thousand years of history, a journey in which economics, society, politics and technology converge. It is a narrative that traces the evolution of the major monetary and financial phenomena, with the aim of making accessible a heritage often perceived as distant or obscure.

    The past helps us understand the present better. Tools, technologies and objects now obsolete continue to speak to us: they reveal how societies have sought to meet needs that, in their essence, remain with us today.

    The gold coins displayed here, for example, tell stories spanning centuries: bearing the likeness of emperors, recounting the economic might of cities such as Florence, or the maritime exploits of Venice.

    Were we to melt them all down, we would be left with a single, modest ingot, and yet their value far exceeds the precious metal they contain. That added value stems from the trust that the issuing institutions were able to inspire – a trust that transformed simple metal discs into stable, recognized and widely accepted instruments of exchange.

    From a certain point in history – illustrated with clarity throughout this exhibition – trust in money ceased to rest only on the material of which it was made or on the authority of the sovereign who issued it.

    Over time, the foundation of trust in money shifted – from metal and monarch to the prudent governance of central banks, whose role is to preserve price stability, ensure the soundness of financial systems, and maintain public confidence. This remains the guiding purpose of the Bank of Italy and the entire European System of Central Banks. The decision to devote an exhibition – and soon a museum – to the history of money and finance is part of a broader financial education initiative, aimed at providing citizens with the tools to navigate complex areas such as payments, credit and the management of personal savings.

    Money and finance are often viewed as technical, remote, even dry subjects. Precisely for this reason, the exhibition – and the museum that will follow – employs narrative techniques and immersive technologies, to make even the most intricate concepts accessible and to spark curiosity, especially among younger generations.

    In the long historical development of payment instruments over time, there have been relatively few major milestones, yet each has marked a profound transformation. From minted coinage – often in precious metals – we moved to the banknote, first convertible, then purely fiduciary, and finally to modern electronic payment systems. Each of these transitions accompanied pivotal moments in economic history, contributing to ever greater speed, safety and efficiency in transactions.

    Yet innovation continues. Today’s payment instruments, though highly advanced, still have limitations.

    It is within this context that the ambitious European project of the digital euro takes shape: a digital form of central bank money, free of charge, accessible to all, privacy-protective, and anchored to the stable value of physical cash. This innovation will not replace current banknotes, but will complement them, thus expanding our options and strengthening our monetary system.

    In this sense, The Adventure of Money is more than just the title of an exhibition. It is the thread that connects a millenary history – one that continues to evolve and, today in Trento, links itself to new generations and new horizons.

    Thank you.

    MIL OSI Economics

  • MIL-OSI Economics: Claudia Buch: European banking integration – harnessing the benefits, containing the risks

    Source: Bank for International Settlements

    Thank you very much for inviting me to speak here today. Poland’s presidency of the Council of the European Union comes at time of exceptional uncertainty. The global economy is under strain from heightened geopolitical risks, trade tensions, and financial market volatility. Within Europe, this is adding to the pressure to revive growth and deepen the integration of the Single Market. Poland’s economic history holds important lessons, having made the transition from a centrally planned economy four decades ago to being a fully-fledged member of the EU for two decades.

    I would like to focus on banking integration, one of the banking union’s main objectives and a key component of Poland’s economic transformation. Although more than ten years have passed since the banking union was established, its objectives could not be more relevant today. The banking union has clearly delivered in terms of providing better, more harmonised supervision, a stronger regulatory framework and a resolution regime. European banks have proven to be resilient to recent shocks, including the COVID-19 pandemic, the energy crisis and the banking market turmoil of March 2023. Better regulation and supervision have made a significant contribution to this, as has policy support for the real economy.

    Yet hopes that the banking union would lead to closer integration of banking markets across Europe have not fully materialised. Cross-border mergers have remained relatively rare, about 75% of banks’ lending portfolios are invested in their home markets, and few banks have truly European business models.

    Promotion of the Single Market for banking services by removing barriers to integration would offer many benefits. This would allow for better diversification of risks and better use of scale and scope. Banks could develop European strategies as a response to the digitalisation of financial services. Recent reports on the European economy stress the need to strengthen productivity by harnessing the Single Market’s scale, improving access to equity finance, reforming the labour market and implementing structural reforms. Consumers would benefit from these measures, which would also help to promote growth. Although these reports focus mainly on the real economy, similar factors are at play in the banking sector.

    MIL OSI Economics

  • MIL-Evening Report: Leaked ‘working paper’ on New Caledonia’s political future sparks new concerns

    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk

    A leaked “working paper” on New Caledonia’s future political status is causing concern on the local stage and has prompted a “clarification” from the French government’s Minister for Overseas Manuel Valls.

    Details of the document, which was supposed to remain confidential, have been widely circulated online over the past few days.

    Valls said earlier the confidentiality of the document was supposed to ensure expected results of ongoing talks would not be jeopardised.

    However, following the leak, Valls said in a release on Friday that, for the time being, it was nothing more than a “working paper”.

    The document results from earlier rounds of talks when Valls was in Nouméa during his previous trips in February and March 2025.

    Valls is due to return to New Caledonia on April 29 for another round of talks and possibly “negotiations” and more political talks are ongoing behind closed doors.

    French Minister of Overseas Manuel Valls (front left) greets the New Caledonian territorial President Alcide Ponga (right) as Senator Georges Naturel looks on during his arrival for a military honours ceremony in Nouméa in February. Image: AFP/RNZ Pacific

    He has denied that it can be regarded as a “unilateral proposal” from Paris.

    The latest roundtable session was on Friday, April 11, held remotely via a video conference between Valls in Paris and all political stakeholders (both pro-France and pro-independence parties) in Nouméa.

    All tendencies across the political spectrum have reaffirmed their strong and sometimes “non-negotiable” respective stances.

    Parties opposed to independence, who regard New Caledonia as being part of France, have consistently maintained that the results of the latest three referendums on self-determination — held in 2018, 2020 and 2021 — should be respected. They reject the notion of independence.

    The last referendum in December 2021 was, however, largely boycotted by the pro-independence movement and indigenous Kanak voters.

    On the pro-independence side, the Kanak and Socialist National Liberation Front (FLNKS, dominated by the Union Calédonienne) is announcing a “convention” on April 26 — just three days before Valls’s return — to decide on whether it should now fully engage in negotiations proper.

    In a news conference last week, the FLNKS was critical of the French-suggested approach, saying it would only commit if they “see the benefits” and that the document was “patronising”.

    Two other pro-independence parties — the PALIKA (Kanak Liberation Party) and the UPM (Union Progressiste en Mélanésie) — have distanced themselves from the FLNKS, which they see as too radical under Union Calédonienne’s influence and dominance) and hold a more moderate view.

    PALIKA held a general meeting late last week to reaffirm that, while they too were regarding the path to sovereignty as their paramount goal, they were already committed to participating in future “negotiations” since “all topics have been taken into account” (in the working document).

    They are favour an “independence association” pathway.

    Carefully chosen words
    In his release on Friday, Valls said the main pillars of future negotiations were articulated around the themes of:

    • “democracy and the rule of law”, a “decolonisation process”, the right to self-determination, a future “fundamental law” that would seal New Caledonia’s future status (and would then, if locally approved, be ratified by French Parliament and later included in the French Constitution);
    • the powers of New Caledonia’s three provinces (including on tax and revenue collection matters); and
    • a future New Caledonia citizenship (and its conditions of eligibility) with the associated definition of who meets the requirements to vote at local elections.

    Citizenship
    On acquiring New Caledonia citizenship, a consensus seems to emerge on the minimum time of residence: it would be “10 to 15” years with other criteria such as an “exam” to ascertain the candidate’s knowledge and respect of cultural “values and specificities”.

    Every person born in New Caledonia, children and spouses of qualified citizens, would also automatically qualify for New Caledonia’s citizenship.

    Power-sharing
    On power-sharing, the draft also touches on the “sovereign” powers (international relations, defence, law and order, justice, currency) which would remain within the French realm, but in a stronger association for New Caledonia.

    All other powers, regarded as “non-sovereign”, would remain under direct control of New Caledonia as they have already been transferred, gradually, to New Caledonia, over the past 27 years, under the Nouméa Accord.

    New Caledonia would also be consulted on all negotiations related to the Pacific islands region and would get representation at European Union level.

    Local diplomats would also be trained under France’s Ministry of Europe and Foreign Affairs.

    Under the Nouméa Accord, the training process was already initiated more than 10 years ago with New Caledonian representatives appointed and hosted at French embassies in the region — Fiji, New Zealand, Australia.

    A local “strategic committee” would also be set up on defence matters.

    However, despite long-time FLNKS demands, this would not allow for a seat at the United Nations.

    In terms of currency, the present French Pacific Francs (CFP, XPF) would be abolished for a new currency that would remain pegged to the Euro, provided France’s other two Pacific territories (French Polynesia, Wallis-and-Futuna — which are also using the CFP) agree.

    Reinforced provincial powers
    A new proposal, in terms of reinforced provincial powers, would be to grant each of New Caledonia’s three provinces (North, South and Loyalty Islands) the capacity — currently held by New Caledonia’s government — to generate and collect its own taxes.

    Each province would then re-distribute their collected tax revenues to the central government and municipalities.

    This is also reported to be a sensitive point during the talks, since about 80 percent of New Caledonia’s wealth is located in the Southern Province, which also generates more than 90 percent of all of New Caledonia’s tax revenues.

    This is perceived as a concession to pro-France parties, which are calling for an “internal federation” model for New Caledonia, a prospect strongly opposed by pro-independence parties who are denouncing what they liken to some kind of “partition” for the French Pacific dependency.

    In the currently discussed project, the representation at the Congress (Parliament) of New Caledonia would be revised among the three provinces to better reflect their respective weight according to demographic changes.

    The representation would be re-assessed and possibly modified after each population census.

    Under the proposed text, New Caledonia’s government would remain based on the notion of “collegiality”.

    Future referendum — no more just ‘yes’ or ‘no’ to independence
    The current working paper, on the right to self-determination, suggests that any future referendum on self-determination no longer has a specified deadline, but should take place after a “stabilisation and reconstruction” phase.

    It would no longer ask the binary question of “yes” or “no” to independence and full sovereignty, but rather seek the approval of a “comprehensive project”.

    To activate a referendum, the approval of at least three fifths of New Caledonia’s 54-seat Congress would be needed.

    The Congress’s current makeup, almost equally split in two between pro-France and pro-independence parties, this 3/5th threshold could only be found if there is a consensual vote beyond party lines.

    Some of the FLNKS’s earlier demands, like having its president Christian Téin (elected in absentia in August 2024 ) part of the talks, now seem to have been dropped.

    Téin was arrested in June 2024 for alleged involvement in the May 2024 insurrectional riots that caused 14 dead (including two French gendarmes), hundreds of injured, thousands of jobless and the destruction of several hundred businesses for a total estimated damage of 2.2 billion euros (NZ$4.3 billion).

    Four days after his arrest, Téin was transferred from New Caledonia to mainland France.

    Although he is still remanded in custody pending his trial (for alleged involvement in organised criminal-related acts), his case was recently transferred from the jurisdiction of judges in Nouméa to mainland France magistrates.

    Union Calédonienne president and pro-independence front man Emmanuel Tjibaou told public broadcaster NC la 1ère yesterday he was in regular contact with Téin from his jail in Mulhouse (northeastern France).

    Another recent development that could also be perceived as a concession to the FLNKS is that last week, France announced the replacement of French High commissioner Louis Le Franc, France’s representative and man in charge in Nouméa during last year’s riots.

    ‘We are facing a decisive moment’, says Valls
    Valls said he remained hopeful that despite “all positions remaining at present still far from each other . . . evolutions are still possible”.

    “I reaffirm the (French) State’s full commitment to pursue this approach, in the spirit of the Matignon and Nouméa Accords (signed respectively in 1988 and 1998) to build together a united, appeased and prosperous New Caledonia,” Valls concluded.

    “We are facing a decisive moment for the future of New Caledonia, which is confronted with a particularly grave economic and social situation. Civil peace remains fragile.”

    The much sought-after agreement, which has been at the centre of political talks since they resumed in early 2025 after a three-year hiatus, is supposed to replace the Nouméa Accord from 1998.

    The 1998 pact, which outlines the notion of gradual transfer of sovereign powers from France to new Caledonia, but also the notion of “common destiny”, stipulates that after three referendums on self-determination resulting in a majority of “no”, then the political partners are to meet and “discuss the situation thus created”.

    Determination, anxiety and hope
    On all sides of the political landscape, ahead of any outcome for the crucial talks, the current atmosphere is a mix of determination, anxiety and hope, with a touch of disillusionment.

    The pro-independence movement’s Emmanuel Tjibaou has to manage a sometimes radical base.

    He told NC la 1ère that the main objective remained “the path to sovereignty”.

    Within the pro-France camp, there is also defiance towards Vall’s approach and expected results.

    Among their ranks, one lingering angst, founded or not, is to see an agreement being concluded that would not respond to their expectations of New Caledonia remaining part of France.

    This worst-case scenario, in their view, would bring back sad memories of Algeria’s pre-independence process decades ago.

    On 4 June 1958, in the midst of its war against Algeria’s National Liberation Front (FLN), French President General De Gaulle, while on a visit to Algiers, shouted a resounding “Je vous ai compris!” (“I have understood you”) to a crowd of cheering pro-France and French Algerians who were convinced at the time that their voice had been heard in favour of French Algeria.

    On 19 March 1962, after years of a bloody war, the Evian Accords were signed, paving the way for Algeria’s independence on July 3.

    “I had to take precautions, I had to proceed progressively and this is how we made it”, De Gaulle explained to the French daily Le Monde in 1966.

    In the meantime, in an atmosphere of fear and violence, an estimated 700,000 French citizens from Algeria were “repatriated” by boat to mainland France.

    As an alternative posed to French nationals at the time, FLN’s slogan was “la valise ou le cercueil” (“the suitcase or the coffin”).

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Public protesters are our socially connected friends and neighbours, not angry loners

    Source: The Conversation – Canada – By Shelley Boulianne, Professor in Communication Studies, Mount Royal University

    For some people, protests don’t seem like rational and responsible forms of political participation in a democratic system. According to the latest World Values Survey (2017-2022), 28.6 per cent of Canadians and 27.7 per cent of Americans said they’d would never, under any circumstances, attend a peaceful demonstration.

    Yet citizens often lack opportunities to influence government decisions outside of voting during elections, leaving them feeling powerless about the direction of their elected government.

    From this perspective, it’s easy to understand why millions may attend protests against Donald Trump’s tariffs, his annexation threats and other policy decisions.

    Some argue that citizens should email, call or write letters to political leaders, but these individualistic activities are easily ignored because they occur behind closed doors. The visibility of protests, combined with a large turnout, helps raise awareness of issues among other citizens and political leaders.

    Protests serve a critical function in a democratic system — they offer a collective and visible method for citizens to express their political views. These events can attract millions of people — many more than the number of respondents to public opinion polls or attendees at government public consultation events.

    Perceptions of effectiveness

    When deciding whether to participate in a march or demonstration, anger, grievances and discontent are important, but these sentiments alone are insufficient to motivate people to act.

    Instead, citizens must interpret their experiences as unjust or unfair to feel compelled to participate in a protest. Likewise, people must believe that the protest will be effective in influencing political leaders.

    In 2019, I conducted an online survey in four countries — the U.S., Canada, the U.K and France — asking respondents to rate the effectiveness of street marches and demonstrations in influencing political leaders.

    Across the four countries, the averages were similar, based on the five-point scale ranging from “not at all” to “a great deal.” And those who believed that protests were effective were far more likely to report having participated in a march or demonstration in the past 12 months compared to those who did not view protests as effective.

    Who protests and why?

    The decision to take part in a protest involves weighing a variety of factors that may encourage or discourage participation, as well as views about the effectiveness of public protests.

    People will often join if they’re asked to, and whether they’re asked to depends on their ties to others who are also interested in attending, or if they’re a member of an organization that encourages its members to attend.

    This social network effect is as important, if not more important, than simply being angry or frustrated.

    People who identify as left-wing are more likely to participate in marches and demonstrations. Historically, this has been true in the United States, but in contemporary research, individuals on both the right and the left sides of the political continuum participate in protest.

    Furthermore, these ideological differences vary by country and time period. Whether a protest attracts those from the right versus the left depends on the issue. Liberals tend to protest against racism, for example, while conservatives protested COVID-19 restrictions.

    Paying attention

    Rather than focusing on left vs. right, research should pay attention to political interest. Are people paying attention to current events or what’s going on in government? Political interest precedes the development of ideological views.

    Furthermore, people can only form their views about the effectiveness of protest once they start paying attention to politics.

    The recent global Hands Off protests attracted citizens who are dissatisfied with Trump’s newly imposed tariffs and other recent government decisions, such as firing thousands of federal civil servants, dismantling of the Department of Education, changes to immigration enforcement and Social Security administration and the termination of health and science funding, especially those with a diversity, equity and inclusion focus.

    These demonstrations were part of a cycle of protests, similar to those observed in 2017 after Trump’s first election.

    To truly understand who participates and who does not in public protests, we need to consider social connections, views about the effectiveness of protest and people’s interest in politics.

    Shelley Boulianne received funding for the administration of the survey from the Social Sciences and Humanities Research Council of Canada.

    ref. Public protesters are our socially connected friends and neighbours, not angry loners – https://theconversation.com/public-protesters-are-our-socially-connected-friends-and-neighbours-not-angry-loners-254044

    MIL OSI – Global Reports

  • MIL-OSI Global: Liberation of Bergen-Belsen: how a lack of protective clothing cost lives

    Source: The Conversation – UK – By Susan L. Carruthers, Professor of History, University of Warwick

    Clothing can kill. So, too, can the absence of personal protective equipment. For decades, the medical establishment has understood the role of fabric in both spreading contagion and guarding against its transmission — but never with greater urgency than 80 years ago.

    On April 15 1945, British troops liberated Bergen-Belsen concentration camp near Celle in northern Germany. Shocking scenes awaited behind the barbed wire.

    On entry, British personnel found an epidemic of typhus decimating the camp’s surviving population. Thousands of unburied corpses, appallingly overcrowded huts, the absence of running water and chronic emaciation contributed to the rapid spread of this louse-borne disease. So too did unwashed garments into which lice burrowed and deposited their contaminated faeces.

    For warmth, some camp inmates removed clothing from corpses, heedless of the danger of contagion. Others feared infection so acutely that they went unclothed rather than risk contamination. Anne Frank died, just weeks before the camp’s liberation, in a state of naked terror.

    For military and medical personnel, burying bodies and burning garments was imperative, along with triaging survivors and moving the fittest from the camp’s corpse-strewn huts to a hastily established hospital area. To transform a site of mass death into a place of recovery wasn’t easy. Staff lacked supplies of every sort, substituting newspaper for mackintosh sheeting and commandeering dog bowls for use as bedpans.

    Protective clothing was also in desperately short supply. There, too, improvisation was the order of the day. Around 100 British medical students drafted into action at Belsen sported a motley assemblage of British military and appropriated German Wehrmacht apparel. They, like everyone else in the camp, were liberally sprayed with DDT. This pesticide was later proven to be carcinogenic.

    Female British Red Cross workers modified their uniforms, ditching regulation skirts. “I always go about in slacks and battle dress, trousers being a greater protection against the louse!” Margaret Ward wrote home to her mother with forced bravado.

    Meanwhile, members of the Royal Army Medical Corps, better provisioned than anyone else at Belsen, wore “typhus suits” as they stretchered patients from the huts to the hospital. These outfits – complete with drawstring hoods, gauntlets and gaiters, but no masks – helped keep contagion at bay, though their alien appearance terrified some patients.

    British authorities “solved” their protective equipment crisis at Belsen by compelling captured German SS personnel to undertake the most dangerous work. Sometimes, prisoners were given rubberised capes. But more often, as numerous photographs taken by British military photographers attest, German prisoners handled corpses without any protection at all.

    Dressed in their SS uniforms, German men and women set to work (under armed guard) removing piles of contaminated clothing and dead bodies from the huts. With uncovered mouths and bare hands, they carried corpses to mass graves.

    In April and May 1945, anti-Nazi feelings ran understandably high among allied personnel, particularly those who just participated in the camps’ liberation. Few found anything ethically wrong with the decision to expose German prisoners to a high risk of infection.

    War crimes trials, with the prospect of execution for defendants found guilty, awaited SS prisoners. Forcing German camp personnel to confront the deadly consequences of their actions – in the most visceral way possible – struck most uniformed Britons as an entirely warranted form of retribution. A moral corrective for SS prisoners was also a medical expedient made necessary by the camp’s dire shortage of protective equipment.

    At Belsen, the consequences were predictable. Seven of the British medical students contracted typhus, though none seemingly died of the disease.

    The brunt was borne by the captured enemies. Reuters reported on June 28 1945 that 20 SS guards had “died of typhus before their trials by the war crimes court could be held”, adding that it was “believed that they caught the disease when they were forced to bury the bodies of some of the prisoners”.

    Meanwhile, Belsen’s survivors urgently required garments and footwear. Retributive justice played a role here too. British military personnel ordered German civilians in the environs of the camp to surrender clothing, shoes and bedding for use by survivors. Here was postwar redress at its most literal. People stripped of so much by the Third Reich would begin life anew in apparel removed from Germans.

    Susan L. Carruthers 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. Liberation of Bergen-Belsen: how a lack of protective clothing cost lives – https://theconversation.com/liberation-of-bergen-belsen-how-a-lack-of-protective-clothing-cost-lives-252838

    MIL OSI – Global Reports

  • MIL-OSI Global: Five lessons from Perugia’s global gathering of journalists, climate changemakers and media leaders

    Source: The Conversation – UK – By Anna Turns, Senior Environment Editor

    Perugia, Italy. Anna Turns, CC BY-NC-ND

    Last week, I travelled to the historic city of Perugia in Umbria, Italy. With clear blue skies, wisteria hanging over ancient Roman walls, plenty of gelato and beautiful vistas from the hilltop, the setting was pretty special. More inspiring though, were the people I spoke to during my visit. Perugia is the home of the annual international journalism festival, a meeting of media movers and shakers from all over the globe. These are my five biggest takeaways.

    1. In-person connections are irreplaceable

    Yes, I see the irony of flying to talk about climate journalism, but sometimes face-to-face connections, impromptu chats and dinner table discussions are just impossible to replicate on a video call. I caught up with journalists from my Oxford Climate Journalism Network cohort. Run by the Reuters Institute, this six-month programme is proving invaluable, not only for seminars from guest speakers at the top of their game, but for the collaborations that are developing within the network. Learning from my peers working in Austria, Brazil, Canada and way beyond has opened my eyes so much to the diversity of challenges we all face – and the creative possibilities.

    Kevin Burden (European media leaders fellowship project manager), Nina Fasciaux (director of Solutions Journalism Network) and Anna Turns.
    Kevin Burden, CC BY-NC-ND

    During my discussions with colleagues from my European media leaders climate solutions fellowship visiting from France, Italy and the Czech Republic, I listened to the lightbulb moments others have had and reflected on my own progress – internally, in terms of what leadership means to me and how I can effect meaningful change, plus externally, in terms of supporting my own team and encouraging more collaboration within this organisation.

    By sharing joys and worries over a margarita pizza or scoop of nocciola (hazelnut icecream – my favourite), I was struck that authenticity is the most important attribute. All else follows and every single one of those real, honest and open in-person connections deepens my appreciation for that.

    2. Environmental journalism is thriving

    So many early career journalists approached me, keen to chat and wanting to know more about how to immerse themselves in this specialism. When I first started out as a biology graduate, I worked in wildlife TV production and magazine journalism. Back then, environment coverage tended to be an outlier, an afterthought at best. Climate journalists were few and far between; willing mentors were difficult to find.

    Anna Turns chatted to lots of environmental journalists after her conference event.
    Monica Rizza #IJF25, CC BY-NC-ND

    That landscape has shifted so much over the past 20 years and I’m proud that this part of our industry is growing, and becoming richer for it. Now, people want to cover climate stories in so many creative formats and that’s invigorating.

    3. Science doesn’t have to stay in silos

    With growing misinformation, (both inadvertent misinterpretation and deliberate miscommunication) online, combined with widespread disengagement from mainstream news sources, social media has a big role to play in how we engage with climate, or not.

    I hosted an event with Adam Levy about how to make climate science shine on social media. With a PhD in atmospheric physics from the University of Oxford, Levy now works as a science journalist and broadcaster, while producing jargon-free videos that make complex climate issues relatable and succinct.

    Anna Turns interviewed Adam Levy at the International Journalism Festival.
    Monica Rizza #IJF25, CC BY-NC-ND

    Climate communication is definitely not just about imparting facts. There’s space for nuance, even humour. We chatted about bridging the gap between science and storytelling, how to apply a rigorous journalistic approach to all forms of content and how integrity must be the top priority. That all builds precious trust and creates connection.

    4. Time is ticking

    The next UN climate summit (Cop30) is coming and we’re getting ready. One of my favourite sessions was a talk by Daniel Nardin, another solutions journalist member of the Oxford Climate Journalism Network. He lives in Belem, the Brazilian city that will be hosting Cop30 in November, where negotiators will continue to debate how best to tackle and adapt to climate change. But those strategies, frameworks and commitments can seem dry, dense and hard to digest.

    Nardin’s publication, Amazonia Vox, platforms the voices of the people living in the Amazon, in forested, deforested and urban areas. He explained that the environmental, social and political issues in the Amazon are complex and full of nuance, which is why he makes local voices central to the narrative.

    None of this is rocket science. But Nardin is proactively cracking on with it, because there isn’t time to wait.

    Mark Hertsgard from Covering Climate Now (far left) talks about how newsrooms can make climate training effective.
    Alexa Cano #IJF25, CC BY-NC-ND

    5. Newsroom culture is transforming

    The Conversation is already highly respected. So many expert communicators, academics and readers told me how much they love what we do and what we stand for. Tackling misinformation in engaging ways is what we do best. Connecting you, our audience and community, with the most accurate and evidence-based knowledge is our purpose. We’re already bridging the gap between research and the real world. But there’s still scope to evolve and embrace change.

    Looking ahead, The Conversation can help shift the way climate stories can be told. The climate crisis has gone way beyond being an environmental issue. It’s linked to all aspects of our lives, from health and education to business and democracy, as well as conflicts and culture. Newsrooms don’t have to function like they have done for decades. By being curious, we can experiment, find out what works and reinvent the norm.

    At the New York Times, the climate team is physically in the centre of the office. At the French newswire Agence France-Presse, job titles such as “future of the planet, global editor” reflect big ambitions to integrate climate into everything. At CBC, the Canadian public broadcaster, the science and climate unit has made climate literacy training a top priority for all staff – not because it’s worthy, but because future proofing makes business sense.

    As the executive director of Covering Climate Now, a media community based in the US, Mark Hertsgard said: “Every journalist in the 21st century will need to be a climate journalist.”

    Now, my job is to turn Perugia’s inspiration into action. Watch this space.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.


    ref. Five lessons from Perugia’s global gathering of journalists, climate changemakers and media leaders – https://theconversation.com/five-lessons-from-perugias-global-gathering-of-journalists-climate-changemakers-and-media-leaders-254457

    MIL OSI – Global Reports

  • MIL-OSI: Sydbank share buyback programme: transactions in week 15

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 15/2025

    Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk

    14 April 2025  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 15
    On 26 February 2025 Sydbank announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    announcement

    360,000

     

    156,409,900.00

    07 April 2025
    08 April 2025
    09 April 2025
    10 April 2025
    11 April 2025
    30,000
    30,000
    33,000
    25,000
    25,000
    357.99
    373.69
    366.11
    383.41
    381.72
    10,739,700.00
    11,210,700.00
    12,081,630.00
    9,585,250.00
    9,543,000.00
    Total over week 15 143,000   53,160,280.00
    Total accumulated during the
    share buyback programme

    503,000

     

    205,570,180.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 3,890,670 own shares, equal to 7.12% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network

  • MIL-OSI: Loanboox accelerates the digitalization of real estate financing

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, Switzerland, April 14, 2025 (GLOBE NEWSWIRE) — The digitalization of commercial real estate financing is gaining momentum – and Loanboox is establishing itself as a key technology partner for real estate companies across Europe. The Software-as-a-Service (SaaS) solution for the real estate industry, which was launched in 2022, is enjoying strong demand: the financing volume tendered via the Loanboox software now amounts to more than five billion euros, around 50 percent of which has been processed since the beginning of 2024 alone.

    “The real estate industry is local and highly fragmented. It is therefore under particular pressure to digitize processes and make them more transparent – especially when it comes to financing,” says Urs Meier, CEO of Loanboox. “With our software, we offer exactly the right tool at the right time: a comprehensive solution that efficiently brings borrowers and lenders together and maps the entire process from the tender to portfolio management.”

    A study conducted by Loanboox in collaboration with Fresenius University of Applied Sciences shows that 67% of the real estate companies surveyed see digitalization deficits in their core processes, especially in financing. Three out of four users explicitly want specialized industry software instead of general “office applications” – a clear sign of the need for tailor-made solutions.

    Loanboox’s software specifically addresses this need: Borrowers can manage the financing process digitally with their chosen lenders. The success in the commercial real estate financing segment speaks for itself: the average annual growth rate of user access is over 100 percent. In addition, around 90 percent of financing requests are successfully completed. In total, Loanboox’s technology has already processed well over EUR 100 billion in financing volumes across all customer segments since the company’s launch in 2016.

    Loanboox on its way to becoming pan-European financing software in real estate

    Loanboox customers have made financings in 16 European countries already, with Germany, Switzerland, France and Austria being the key markets. The company has recently seen a sharp increase in demand. In Germany in particular, Loanboox has signed up tier 1 real estate asset managers and project developers. And in the last six months alone they have already published financing requests in the three-digit million range via Loanboox’s software.

    “Today, we have more than 500 lenders in Europe using our software, who particularly appreciate the ease of use, the multilingualism and the quality of the tendering process. This means that Loanboox has one of the largest networks of lenders and the high number of repeat deals shows the very solid level of acceptance of our technology,” says Dominique Hügli, CPO (Chief Product Officer) at Loanboox. The large network of lenders is also particularly attractive for companies looking to finance real estate projects in the DACH region from other European countries.

    Debt Management module allows customers to manage their capital efficiently

    Another growth driver is the integrated debt management module: European asset managers, real estate companies, project developers and housing companies currently use the software to manage a loan volume of more than five billion euros via the software – and the trend is rising.

    “Our solution offers a 360-degree view for financing experts – from relationship management with lenders and financing processes to comprehensive loan management, evaluation and scenario planning,” explains Hügli.

    2025: Digitalization is advancing – broad market comparison for financing necessary

    With banks still reluctant to lend and the cost of managing loans rising, digital financing processes with a broad network of lenders are becoming increasingly important. Loanboox intends to take advantage of this momentum and the ongoing digitalization of the real estate industry and systematically expand its reach in Europe.

    Artificial intelligence (AI) is of course also finding its way into the real estate industry and will in the future help finance teams to process complex data efficiently, identify suitable financing options more quickly and facilitate the exchange with lenders. Whether it is the automated extraction of information from loan agreements and term sheets, the creation of teaser documents or the targeted analysis of portfolio data, AI opens up new efficiency potential along the entire financing process. AI also significantly simplifies the intelligent search in the data room of a tender – a function that has already been successfully implemented at Loanboox. The continuous integration of AI will continue for Loanboox in 2025 to enable even more effective and data-driven collaboration between borrowers and lenders.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8038b456-146d-46c6-9430-8e7ab54b3663

    The MIL Network

  • MIL-OSI Economics: Danmarks Nationalbank launches search for Danes’ older banknotes

    Source: Danmarks Nationalbank

    14 April 2025

    Danmarks Nationalbank today launches its final campaign to have Danes hand in older banknotes and 1000-kroner banknotes before they seize to be legal tender on 31 May 2025.

    “It is important for us to collect as many banknotes as possible in time to make the phasing out of these banknotes as smooth as possible for all citizens,” says Camilla Penn, Head of Secretariat, Communication and Strategy at Danmarks Nationalbank. “A lot of people know that 1000-krone banknotes and older banknotes will become invalid, but exactly when it happens appears slightly more difficult to remember. Thus, this campaign focuses on the expiration date and creating awareness that it’s quite soon,” she continues.

    Danmarks Nationalbank announced the phasing out of the 1000-krone banknotes and banknote series from 1944, 1952, 1972 and 1997 almost a year and a half ago. Since then, Danes have handed in expiring banknotes worth 20.6 billion kroner.

    Danmarks Nationalbank carried out a previous “cash” campaign last autumn, which featured digital and physical letters sent to all Danes. Subsequently, surveys showed that more than 90 per cent of Danes are aware 1000-krone banknotes will become invalid, and more than 80 per cent know old banknotes will be discontinued. Nevertheless, there are still banknotes worth as much as kr. 4.6 billion in circulation that cannot be used after 31 May 2025.

    The new campaign features TV and radio spots and train station adds. In addition, several retail chains, banks and municipalities are working with Danmarks Nationalbank to build awareness of the banknotes becoming invalid on 31 May 2025.

    The focus of the new campaign is to alert citizens to hand in older banknotes and 1000-krone banknotes before 31 May, just over six weeks from now, when they become invalid as means of payment.

    Despite the high level of knowledge that a number of banknotes will become invalid, Danmarks Nationalbank expects banknotes worth up to 3 billion kroner will not be handed in before the deadline. Partly because banknotes are physical products, partly because some of the banknotes being discontinued have been in circulation since World War II.

    “We’ve experienced a very high rate of submission compared to phasing out old banknotes in other countries, and we know that we probably won’t get all of the expiring banknotes back, but we’re still trying to achieve that goal,” says Camilla Penn.

    The campaign starts on Monday 14 April in Denmark, and Monday 28 April in Greenland and the Faroe Islands. Danmarks Nationalbank expects that 95 per cent of the population over the age of 18 will encounter the campaign messages more than 5 times during the four-week campaign period.

    After 31 May 2025, the expired banknotes can still be redeemed for another 12 months at Danmarks Nationalbank’s three depositing points in Aarhus, Odense and Copenhagen.

    Inquiries about the campaign can be directed to press adviser Peter Levring on 2620 1809 and pnbl@nationalbanken.dk.

    MIL OSI Economics

  • MIL-OSI Economics: Phase Two of Tech4Nature Jaguar Protection Project Launched in Mexico

    Source: Huawei

    Headline: Phase Two of Tech4Nature Jaguar Protection Project Launched in Mexico

    [Merida, Mexico, April 14, 2025] At the recent 2025 Tech4Nature Summit, Huawei, International Union of Conservation for Nature (IUCN), and local partners launched Phase Two of the Mexico Tech4Nature project, which aims to strengthen the protection of jaguars in Dzilam de Bravo State Reserve and study the effects of climate change on biodiversity.
    Alongside Huawei and IUCN, the launch was officiated by Mexico’s Ministry of Environment and Natural Resources, the State Government of Yucatán, and local partner C-Minds.
    “In Mexico, 42% of our country’s ecosystems face some degree of degradation that we have to work towards solving. This involves monitoring and a lot of restoration work, but it also means something more important, which is precisely what we’re seeing thanks to this alliance,” said Dr. Marina Robles García, Undersecretary of Biodiversity and Environmental Restoration for the Ministry of Environment and Natural Resources in Mexico.
    Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, Tech4Nature is a global partnership launched by Huawei and IUCN in 2020 to scale up success in nature conservation through technological innovation.
    “Today we celebrate a shared vision, a vision that understands that conservation can no longer depend solely on good intentions or isolated policies. We need science, technology, empowered communities, and committed governments,” said Joaquín Díaz Mena, Governor of Yucatán in Mexico, at the 2025 Tech4Nature Summit.
    Due to habitat loss and fragmentation, the jaguar is classified as Near Threatened on the IUCN Red List. To contribute to its conservation, the first phase of the project installed 60 audio devices and more than 20 camera traps in Dzilam de Bravo State Reserve. Using trained AI models, the system is able to recognize the vocalizations and images of species that inhabit the reserve. By April 2025, the solution had identified a total of 147 species and confirmed the presence of nine jaguars in the territory.
    The second phase of the project focuses on gathering data about the distribution of jaguar populations, and providing data-driven insights to support decision-making and improve reserve management with a view to creating a biological corridor.
    The 2025 Tech4Nature Summit brought together experts, scientists, and conservation leaders from around the world to share advances and strategies in technology-driven nature conservation.
    “Digital technology is making biodiversity conservation much more efficient and helping governments and conservationists take faster, more targeted action,” said Tao Jingwen, Director of the Board and Director of the Corporate Sustainable Development Committee for Huawei. “I want to call on more of our partners to join the Tech4Nature initiative to make digital technology a common tool for global ecosystem conservation.”
    As well as Mexico, the summit explored Tech4Nature Phase Two projects in Brazil, China, Spain, Kenya, and Türkiye, showcasing how digital technologies and AI analytics can be adapted to the specific needs of diverse ecosystems.
    “Building on our momentum so far, we look forward to the second phase of this partnership with great anticipation. This new chapter will address six countries, promoting transformative change for species, ecosystems, and their communities,” said Úrsula Parrilla, Director, Regional Office for Mexico, Central America and the Caribbean (ORMACC) for IUCN. “By integrating technology into large-scale conservation, we contribute to global goals that seek to put nature at the center of decision-making for sustainable development.”
    Tech4Nature phase two projects
    Brazil will study the impact of climate change on Marajó Island and monitor the mangrove crab as an indicator of ecosystem health.
    China uses networked digital solutions and AI analytics to track and support the repopulation of the world’s rarest primate, the Hainan gibbon, just 42 of which remain in existence.
    Spain aims to protect the Bonelli’s eagle in Sant Llorenç del Munt i l’Obac Natural Park by using digital technologies to analyze the impact of park visitors on the eagles’ reproductive success.
    Kenya aims to improve monitoring in protected marine areas and coral reef in Kisite-Mpunguti Marine National Park and Reserve to help tackle issues such as illegal fishing and pressure from tourism, and monitor the parrot fish, which helps coral survive.
    Türkiye represents a pioneering collaboration between NGOs, the private sector, and the government to evaluate biodiversity protection, with a focus on large mammals, including the fallow deer and wild goat in two pilot sites.
    The 2025 Tech4Nature Summit attested to how collaboration between the technology sector, NGOs, governments, academic institutions, and local communities has created a new paradigm for protecting biodiversity and ecosystems.

    MIL OSI Economics

  • MIL-OSI Banking: Phase Two of Tech4Nature Jaguar Protection Project Launched in Mexico

    Source: Huawei

    Headline: Phase Two of Tech4Nature Jaguar Protection Project Launched in Mexico

    [Merida, Mexico, April 14, 2025] At the recent 2025 Tech4Nature Summit, Huawei, International Union of Conservation for Nature (IUCN), and local partners launched Phase Two of the Mexico Tech4Nature project, which aims to strengthen the protection of jaguars in Dzilam de Bravo State Reserve and study the effects of climate change on biodiversity.
    Alongside Huawei and IUCN, the launch was officiated by Mexico’s Ministry of Environment and Natural Resources, the State Government of Yucatán, and local partner C-Minds.
    “In Mexico, 42% of our country’s ecosystems face some degree of degradation that we have to work towards solving. This involves monitoring and a lot of restoration work, but it also means something more important, which is precisely what we’re seeing thanks to this alliance,” said Dr. Marina Robles García, Undersecretary of Biodiversity and Environmental Restoration for the Ministry of Environment and Natural Resources in Mexico.
    Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, Tech4Nature is a global partnership launched by Huawei and IUCN in 2020 to scale up success in nature conservation through technological innovation.
    “Today we celebrate a shared vision, a vision that understands that conservation can no longer depend solely on good intentions or isolated policies. We need science, technology, empowered communities, and committed governments,” said Joaquín Díaz Mena, Governor of Yucatán in Mexico, at the 2025 Tech4Nature Summit.
    Due to habitat loss and fragmentation, the jaguar is classified as Near Threatened on the IUCN Red List. To contribute to its conservation, the first phase of the project installed 60 audio devices and more than 20 camera traps in Dzilam de Bravo State Reserve. Using trained AI models, the system is able to recognize the vocalizations and images of species that inhabit the reserve. By April 2025, the solution had identified a total of 147 species and confirmed the presence of nine jaguars in the territory.
    The second phase of the project focuses on gathering data about the distribution of jaguar populations, and providing data-driven insights to support decision-making and improve reserve management with a view to creating a biological corridor.
    The 2025 Tech4Nature Summit brought together experts, scientists, and conservation leaders from around the world to share advances and strategies in technology-driven nature conservation.
    “Digital technology is making biodiversity conservation much more efficient and helping governments and conservationists take faster, more targeted action,” said Tao Jingwen, Director of the Board and Director of the Corporate Sustainable Development Committee for Huawei. “I want to call on more of our partners to join the Tech4Nature initiative to make digital technology a common tool for global ecosystem conservation.”
    As well as Mexico, the summit explored Tech4Nature Phase Two projects in Brazil, China, Spain, Kenya, and Türkiye, showcasing how digital technologies and AI analytics can be adapted to the specific needs of diverse ecosystems.
    “Building on our momentum so far, we look forward to the second phase of this partnership with great anticipation. This new chapter will address six countries, promoting transformative change for species, ecosystems, and their communities,” said Úrsula Parrilla, Director, Regional Office for Mexico, Central America and the Caribbean (ORMACC) for IUCN. “By integrating technology into large-scale conservation, we contribute to global goals that seek to put nature at the center of decision-making for sustainable development.”
    Tech4Nature phase two projects
    Brazil will study the impact of climate change on Marajó Island and monitor the mangrove crab as an indicator of ecosystem health.
    China uses networked digital solutions and AI analytics to track and support the repopulation of the world’s rarest primate, the Hainan gibbon, just 42 of which remain in existence.
    Spain aims to protect the Bonelli’s eagle in Sant Llorenç del Munt i l’Obac Natural Park by using digital technologies to analyze the impact of park visitors on the eagles’ reproductive success.
    Kenya aims to improve monitoring in protected marine areas and coral reef in Kisite-Mpunguti Marine National Park and Reserve to help tackle issues such as illegal fishing and pressure from tourism, and monitor the parrot fish, which helps coral survive.
    Türkiye represents a pioneering collaboration between NGOs, the private sector, and the government to evaluate biodiversity protection, with a focus on large mammals, including the fallow deer and wild goat in two pilot sites.
    The 2025 Tech4Nature Summit attested to how collaboration between the technology sector, NGOs, governments, academic institutions, and local communities has created a new paradigm for protecting biodiversity and ecosystems.

    MIL OSI Global Banks

  • MIL-OSI: Nokia networking backbone to connect ResetData’s ‘AI Factory’ data centers across Australia

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia networking backbone to connect ResetData’s ‘AI Factory’ data centers across Australia

    • Nokia deployment to support immediate roll-out of Australia’s first sovereign and sustainable liquid immersion-cooled AI Factory data centers.
    • ResetData’s AI factories up to 10 times as efficient as legacy designs, can cut emissions by 45% to deliver more sustainable AI cloud operations.
    • Nokia FP5 routing silicon provides 75% reduction in energy consumption over previous generations.

    14 April 2025
    Espoo, Finland – Nokia today announced it has been selected by Australian cloud provider ResetData to supply a networking backbone that supports its immediate rollout of sovereign ‘AI Factory’ data centers across the continent. The Nokia IP solution will deliver the speed, scale and reliability required for lossless, low-latency performance as ResetData targets an Australian cloud services market that in 2024 saw a 19% year on year increase.

    Sovereign AI ensures systems and data stay within a country’s jurisdiction, promoting national security and compliance with domestic laws and regulations. ResetData’s AI factories with liquid immersion cooling are up to 10 times as efficient as legacy designs and can cut cloud costs by 40% and emissions by 45% to deliver more sustainable AI cloud operations.

    Backed by Australasian real estate fund manager Centuria Capital Group (ASX:CNI), ResetData will deploy the Nokia 7750 Service Router in commercial properties nationwide as part of a series of highly efficient and sustainable liquid immersion cooled AI factories, commencing in Melbourne’s CBD. While addressing precision timing and other key requirements that are fundamental to the performance of AI infrastructure, the FP5-based Nokia IP platform provides super-fast, reliable and highly secure performance at scale. In doing so, Nokia’s approach also revolutionizes data center operations by delivering a 75 percent reduction in energy consumption over previous generations.

    Functioning as a data center gateway to front-end ResetData’s Graphics Processing Unit (GPU) clusters, the FP5-based Nokia 7750 SR-1x enables connectivity between data centers and to the Internet with massive routing scale, reaching speeds of up to 800Gb/s.  

    “We are moving quickly because sovereign AI is critical to Australia’s international competitiveness. Together with the ResetData AI Marketplace, our rollout is delivering critical AI, machine learning and large language model capabilities on-shore and on-demand for the first time. To make it happen, we needed a partner as committed to sustainability as we are, with local resourcing and global reach, who could meet a demanding timeline, scale from single GPUs to entire AI Factories, and replicate Melbourne’s launch nationally. Nokia has been a core partner at every step,” said Karl Kloppenborg, Chief Technology Officer at ResetData.

    “As dynamic new-generation cloud builders like ResetData seize the opportunities that artificial intelligence generates, Nokia is ready with an IP portfolio primed for the stringent and exacting data demands of AI infrastructure. Combining speed, capacity and reliability with cost-efficiency and sustainability, Nokia IP is a top choice for the world’s most modern and secure data centers. We are pleased to partner with ResetData as they deliver Australia’s first sovereign AI at scale,” said Vach Kompella, Senior Vice President and General Manager, IP Networks at Nokia.   

    Multimedia, technical information and related news
    Product Page: 7750 Service Router | Nokia
    Product Page: FP5 network processor | Nokia.com
    Web Page: Networking for AI workloads | Nokia

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

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

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

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

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    The MIL Network

  • MIL-Evening Report: How common are errors in IVF labs? Can they be prevented?

    Source: The Conversation (Au and NZ) – By Karin Hammarberg, Adjunct Senior Research Fellow, Global and Women’s Health, School of Public Health & Preventive Medicine, Monash University

    KateStudio/Shutterstock

    The news of a woman unknowingly giving birth to another patient’s baby after an embryo mix-up at a Brisbane IVF lab has made headlines in Australia and around the world. The distress this incident will have caused to everyone involved is undoubtedly significant.

    A report released by Monash IVF, the company which operates the Brisbane clinic, states it “adheres to strict laboratory safety measures (including multi-step identification processes) to safeguard and protect the embryos in its care”.

    It also says the company’s own initial investigation concluded the incident was “the result of human error”.

    An independent investigation will follow which presumably will shed light on how human error could occur when multi-step identification processes are in place.

    On a broader level, this incident raises questions about how common IVF errors are and to what extent they’re preventable.

    The booming IVF industry

    Because people have children later in life than they used to, some struggle to conceive and turn to assisted reproductive technologies. These include in-vitro fertilisation (IVF) and intracytoplasmic sperm injection (ICSI) which both involve handling of sperm and eggs (gametes) in the laboratory to form embryos. If there’s more than one embryo available after a treatment cycle, they can be frozen and stored for later use.

    Increasingly, assisted reproductive technologies are also being used by single women, same-sex couples, and women who freeze their eggs to preserve their fertility.

    For these reasons, the fertility industry is booming. In 2022 there were more than 100,000 assisted reproductive treatment cycles performed in Australian fertility clinics, up more than 25% on the number of cycles performed in 2017.

    Regulation of the IVF industry

    In Australia, the IVF industry is more regulated than in many other parts of the world.

    To operate, clinics must be licensed by the Reproductive Technology Accreditation Committee and adhere to its code of practice.

    In relation to storage and accurate identification of embryos, the code states clinics must provide evidence of the implementation and review of:

    Policies and procedures to identify when, how and by whom the identification, matching, and verification are recorded for gametes, embryos and patients at all stages of the treatment process including digital and manual record-keeping.

    The code further states clinics must report serious adverse events to the Reproductive Technology Accreditation Committee. The list of what’s considered a serious adverse event includes any incident that “arises from a gamete or embryo identification mix up”.

    Clinics must also adhere to the National Health and Medical Research Council’s ethical guidelines on the use of reproductive technology in clinical practice and research.

    Lastly, states and territories have laws that regulate aspects of the IVF industry such as requirements to report adverse events and other data to state authorities.

    Thousands of pregnancies in Australia each year are conceived using assisted reproductive technologies.
    Lee Charlie/Shutterstock

    In the United Kingdom, the Human Fertilisation and Embryology Authority regulates the IVF industry and requires clinics to report adverse incidents. These are reported as grade A, B or C, where A is the most serious and involves
    “severe harm to one person, or major harm to many”. Data on adverse incidents is reported in a publicly available annual report.

    In the United States, however, the IVF industry is largely unregulated, and clinics don’t have to report adverse incidents. However, the American Society for Reproductive Medicine states clinics should have rigorous procedures to prevent the loss, damage, or misdirection of gametes and embryos and have an ethical obligation to disclose errors to all impacted patients.

    How common are IVF errors?

    There’s no global data on IVF errors so it’s not possible to know how common they are. But we learn about some of the more serious incidents when they’re reported in the media.

    While the recent embryo mix-up is the first known incident of this nature in Australia’s 40-year IVF history, we have seen reports of other errors in Australian clinics. These include the alleged use of the wrong donor sperm, embryos being destroyed due to contamination, and inaccurate genetic testing which resulted in the destruction of potentially viable embryos.

    In the UK, the Human Fertilisation and Embryology Authority’s most recent report states there was one Grade A incident in 2023–24. This was the first Grade A incident reported since 2019–20 when there were two.

    In the US, some notable errors include storage tank malfunctions in two clinics which destroyed thousands of eggs and embryos.

    Lawsuits have also been filed for embryo mix-ups. In a 2023 case, a woman from Georgia delivered a Black baby even though she and her sperm donor are both white. The biological parents subsequently demanded custody of the child. Despite wanting to raise him the woman who had given birth gave up the five-month-old boy to avoid a legal fight she couldn’t win, she said.

    In the US, some argue most errors go unreported because reporting is not mandated and due to the absence of meaningful regulation.

    There’s no global data on IVF errors, so we don’t know how common they are.
    SeventyFour/Shutterstock

    Are IVF errors preventable?

    Despite Australia’s stringent regulation and oversight of the IVF industry, an incident with far-reaching psychological and potentially legal consequences has occurred.

    Until the independent investigation reveals how “human error” caused this mix-up, it’s not possible to say what additional measures Monash IVF should take to ensure this never happens again.

    An IVF laboratory is a high-pressure environment, and any investigation should look at whether staffing levels are adequate. Staff training is also relevant, and it’s essential all junior lab staff have adequate supervision.

    Finally, perhaps Australia should adopt the UK’s model and make data about adverse events reported to the Reproductive Technology Accreditation Committee available to the public in an annual report. To reassure the public, this report could include what measures clinics take to avoid the errors happening again.

    Karin Hammarberg is affiliated with Monash University, which is not connected with Monash IVF and the incident mentioned in the article.

    ref. How common are errors in IVF labs? Can they be prevented? – https://theconversation.com/how-common-are-errors-in-ivf-labs-can-they-be-prevented-254382

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: BNP Paribas SA: ACQUISITION BY BNP PARIBAS CARDIF OF AXA INVESTMENT MANAGERS – UPDATE

    Source: GlobeNewswire (MIL-OSI)

    ACQUISITION BY BNP PARIBAS CARDIF 
    OF AXA INVESTMENT MANAGERS – UPDATE

    PRESS RELEASE

    Paris, 14 April 2025

    After entering into exclusive negotiations on 1 August 2024, AXA and BNP Paribas Cardif signed a Share Purchase Agreement for AXA Investment Managers (AXA IM). The closing is expected in early July 2025.

    In this context, the BNP Paribas Group fully confirms the strategic and industrial interest of the transaction to build a leading platform in asset management that will allow the Group to become the forefront European player in the management of long-term savings assets for insurers and pension funds. This platform will benefit from AXA IM’s leading market position and its team’s expertise specialised in private assets, which will drive further growth with both institutional and retail investors.

    This acquisition aligns perfectly with the Group’s core mission of supporting the economy by mobilising savings to finance future-oriented projects, in the best interests of its clients.

    The ECB has recently expressed its opinion on the prudential treatment for the acquisition of asset managements companies.

    Should this interpretation be implemented and given the current status of the internal analyses carried out by the BNP Paribas Group, the anticipated impact on BNP Paribas Group’s CET1 ratio would stand at approximately -35 bps and the expected return on invested capital of the transaction would be above 14% in the third year and more than 20% in the fourth year. This impact is to be compared with an impact on the Group’s CET 1 ratio of -25 bps and an expected return on invested capital of 18% in the third year, presented at the launch of the transaction.

    As a consequence, under this interpretation, neither the Group’s overall profitability objectives, growth trajectory, nor its equity and CET1 trajectory would be modified.

    Specifically, the launch of the share buyback programme, announced in February 2025, to which the ECB has already given its approval, is maintained. More generally, the Group’s distribution policy in the form of dividends and return to shareholders remains unchanged.

    The conditions agreed to by the Group regarding the prudential treatment to be applied to this transaction will be communicated at the closing of the transaction, following the finalization of ongoing discussions with the relevant supervisory authorities on this topic.

    About BNP Paribas
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    Press Contacts:
    Sandrine Romano : sandrine.romano@bnpparibas.com ; + 33 6 71 18 13 05
    Giorgia Rowe : giorgia.rowe@bnpparibas.com ; + 33 6 64 27 57 96

    Attachment

    The MIL Network

  • MIL-OSI: Ageas reaches agreement with Bain Capital to acquire esure and establish a top-3 UK personal lines platform

    Source: GlobeNewswire (MIL-OSI)

    Ageas reaches agreement with Bain Capital to acquire esure and establish a top-3 UK personal lines platform

    Ageas and Bain Capital agree GBP 1.295 billion (EUR 1.510 billion) cash transaction for esure
    Combination creates multi-channel motor and home insurer with broad customer appeal across the UK

    Ageas announces today that it has reached an agreement with Bain Capital to acquire esure 1, a leading digital personal lines insurer with strong positioning on price comparison websites (PCW) in the UK. The proposed transaction is fully aligned with Ageas’s strategic priorities for M&A in Europe under Elevate27. It increases Ageas’s European markets presence through the acquisition of a controlled entity, reinforces its positioning in the UK, generates shareholder value from the realisation of synergies and enhances the cash generation of the Group.

    The combination of Ageas UK and esure will create the third largest UK personal lines platform with a balanced and diversified distribution spanning Direct, PCW, brokers and partnerships. The acquisition of esure will enable Ageas UK to accelerate the diversification of its distribution strategy into the important PCW channel in the UK market. Its underwriting footprint will widen Ageas UK’s target customer demographics and enable growth to a top-line of GBP 3.25 billion (EUR 3.8 billion) by 2028.

    Ageas UK has established itself as an accomplished insurer over the past four years by focusing on profitable growth solely in the personal lines business with a specialism in broker distribution, outstanding technical insurance skills and technology, and successfully delivering insurance solutions for its distribution partners and over 4 million customers.

    esure is a leading UK personal lines insurer with a fully digital distribution model through the PCW channel and three popular brands – esure, Sheilas’ Wheels and First Alternative. In 2024, esure had more than 2.1 million policies and GWP of GBP1 billion (EUR 1.2 billion).

    The acquisition of esure creates significant potential for operational synergies and capital benefits to be realised in the medium term. We expect economies of scale in our UK personal lines portfolio and the accelerated implementation of the EIS IT platform, including esure’s complementary claims module, to drive operational efficiencies and cost avoidance for Ageas UK. Continued focus on technology, data and AI is expected to create further competitive advantages. In addition, capital benefits from enhanced diversification and the inclusion of esure in Ageas’s partial internal model are expected to emerge over time.

    Under the terms of the transaction, Ageas will pay Bain Capital a cash consideration of GBP 1.295 billion (EUR 1.510 billion) for esure, respecting a Solvency II target ratio of 150% as at year-end 2024. The Group’s capital position will remain robust with Solvency II ratio expected to decrease by approximately only 10pp thanks to the inclusion of around EUR 1 billion of Own Funds instruments in the financing mix.

    The transaction will be financed through a combination of surplus cash and newly issued senior and hybrid debt and/or equity within the existing authorisations and subject to market conditions. A fully underwritten 2-year bridge facility is provided by BofA Securities and Deutsche Bank Luxembourg S.A..

    The integration of Ageas UK and esure is anticipated to be completed, in all material respects, during the Elevate27 strategic cycle. Entering the next strategic period, we project that the transaction will generate a full cost saving potential in excess of GBP 100 million (c. EUR 115 million) per annum, before tax. On a run-rate basis, this transaction is expected to generate an unlevered return on investment of over 12% for Ageas and an uplift in the Return on Equity of more than 1pp. It will become Holding Free Cash Flow accretive per share of c. 10% as from 2028.

    The completion of the transaction is expected to occur in 2H 2025 and remains subject to regulatory approvals.

    Commenting on the agreement, Hans De Cuyper, Ageas Group CEO, said: “We are delighted to have reached an agreement to acquire esure. In recent years, Ageas has experienced significant growth in the UK, making it an increasingly important part of the Group. This transaction will allow us to offer competitive value propositions to a wider customer profile via a multi-channel distribution model, positioning Ageas UK as one of the top three personal lines insurers. Acquiring esure also supports our strategic ambitions of re-balancing our Group profile towards businesses with high cash conversion. We remain, of course, committed to our Elevate27 financial objectives, including our commitment to a progressive dividend policy, and will observe the full synergies of this transaction in the forthcoming strategic period.”

    Ant Middle, Ageas UK CEO, said: “esure is a significant addition to the Ageas UK business and aligns perfectly with our growth strategy. As demand for motor and home insurance grows, Ageas will be perfectly positioned to gain market share and become the insurer of choice for our existing and new customers. The combined Ageas and esure franchise will benefit from an outstanding customer offering, through market leading technology and prominent brands, that will drive our expansion into new customer demographics. Under Elevate27, we want to continue to grow our broker and partnerships personal lines business in the UK, and esure will help us to rapidly expand our direct distribution, our customer reach, and our scale overall. esure’s technical capabilities will match Ageas UK’s and will enable us to develop our well-balanced business at greater pace and serve a wider range of customers. We’re really excited for the potential this brings our UK business and wider Group.”

    David McMillan, esure Group CEO, said: “This transaction brings together two highly complementary businesses and creates an even stronger platform for continued innovation, growth and excellent delivery for our customers. Combining Ageas’s scale, financial strength and excellent broker relationships with esure’s strong retail brands, market-leading data capabilities and strength on PCWs, alongside a shared technology platform, will enhance our combined ability to invest in our customer proposition and open up new opportunities for growth. I am deeply proud of what the esure team has achieved to date. We look forward to working alongside the Ageas team to build the UK’s leading personal lines insurer.”

    Luca Bassi, Partner at Bain Capital, said: “We are pleased to have supported esure through its transformation and growth journey. During our ownership, esure has built the leading tech platform in UK insurance and their highly efficient operations have set a new standard for the industry. This transaction is a testament to esure’s strong market position and the state-of-the-art technology platform built under Bain Capital’s tenure, with the business now at record levels of profitability. We are confident that Ageas is the right partner to continue this legacy of success and innovation.”

    BofA Securities is acting as financial adviser and Allen Overy Shearman Sterling LLP is acting as legal counsel to Ageas in relation to the transaction.

    Fenchurch Advisory Partners LLP and Goldman Sachs International served as financial advisers to Bain Capital and esure. Weil, Gotshal & Manges (London) LLP served as legal adviser and Norton Rose Fulbright LLP served as regulatory adviser to Bain Capital and esure.

    Further information:

    For Ageas

    Michaël Vandenbergen, Ageas, michael.vandenbergen@ageas.com, +3225575736

    Chris Sibbald / James Leviton, FGS Global, ageas-uk@fgsglobal.com, +447855955531

    For Bain Capital

    Sean Palmer, Camarco, baincapital@camarco.co.uk, +447591760844

    For esure group

    esure@teneo.com

    For analysts:

    An analyst meeting regarding this transaction will be held on Monday, April 14, 2025, from 10:00 to 11:00 am CET (9:00 to 10:00 am UKT). The Teams call can be accessed using the following link: https://ageas.com/en/esure-2025

    Note to editors:

    To support its expansion, in 2024 Ageas UK announced a partnership with Saga, growing its offering to the over-50s segment, which is strategically in line with Ageas’s focus on an ageing population.

    Ageas is a listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    esure Group is one of the UK’s leading providers of Motor and Home insurance products through the esure, Sheilas’ Wheels and First Alternative brands. Founded in 2000, esure Group has the scale, heritage and expertise capable of inspiring the trust and confidence of their 2.1m customers, combined with the entrepreneurial mindset and agility of an insurtech. esure Group is focused on using their market-leading technology platform, insights and data, alongside fantastic customer service, to deliver more personalised experiences that meet the evolving needs and expectations of customers.

    Founded in 1984, Bain Capital is one of the world’s leading private investment firms. The firm has a significant history in Europe, starting with the establishment of a London office in 2000 and expanding to include other European locations, with a focus on private equity, credit and special situations investments. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

    Bank of America Europe DAC (“BofA Securities”) is acting as financial adviser exclusively for Ageas and for no one else in connection with the transaction and will not be responsible to anyone other than Ageas for providing the protections afforded to its clients or for providing advice in relation to the transaction or any other matters referred to in this announcement.


    1 Under the terms of the transaction, Ageas will acquire 100% of the issued and to be issued share capital of Blue (BC) Topco Limited, a holding company for esure Group plc and its subsidiaries.

    Attachment

    The MIL Network

  • MIL-OSI China: Chinese NEVs gain popularity abroad

    Source: China State Council Information Office

    China-made new energy vehicles are becoming popular in overseas markets, which is expected to fuel the upward spiral of the country’s vehicle exports.

    In March, NEV makers operating in the country, including foreign ones such as Tesla, shipped more than 143,000 vehicles overseas, up 6.4 percent compared with same period last year, according to data from the China Passenger Car Association.

    The continuous rise came when exports of passenger cars fell 8 percent to 391,000 units that month.

    For NEVs, Europe and Southeast Asia are among the top destinations. Last week, BYD introduced its alternative premium brand, Denza, to the European market with a brand launch in Milan, Italy.

    Denza unveiled the Z9 GT station wagon at the Milan Design Week, which ran from April 6 to 13. The model is expected to hit European showrooms in the fourth quarter.

    The model impressed attendees with its signature features, including parking assist, high-speed tire blowout stability control, extreme steering capabilities, a tight turning circle, and intelligent crab walking capabilities.

    Since 2024, the brand has entered several Asian markets, including China’s Hong Kong, Thailand, Indonesia, and Malaysia. It also plans to enter dozens of European countries within the next two years.

    State-owned GAC also made a splash at the Milan Design Week, where the Aion UT made its European debut. The electric hatchback, born in the carmaker’s Milan Advanced Design Center, harmonizes Italian design aesthetics with local market preferences.

    Among other things, it features a 14.6-inch central touch screen, an 8.88-inch digital instrument display, and Level 2 driving assistance.

    Its second-generation Magazine Battery enables fast charging from 30 percent to 80 percent in just 24 minutes. Analysts say the model will take on local European models like the Volkswagen ID.3.

    Thomas Schemera, chief operating officer of GAC International, said: “By empowering production through design, we aim to deliver products with outstanding design, top-tier quality, and pioneering technology — ultimately creating better mobility experiences for European consumers.”

    The growing popularity of Chinese NEVs is expected to boost the country’s total vehicle exports this year.

    The trade conflict between the United States and China won’t have much effect on domestic automakers, as the US is a tiny market for Chinese cars, the CPCA said.

    China shipped a total of 6.41 million vehicles overseas in 2024, a surge of 23 percent year-on-year. The top five countries driving China’s growth in vehicle exports were Russia, the United Arab Emirates, Brazil, Belgium and Saudi Arabia.

    Meanwhile, some carmakers are stepping up efforts to produce vehicles in overseas markets.

    Chery was the first to establish a European manufacturing plant. Located in Barcelona, Spain, the plant will produce Chery’s Omoda 5 SUV, among other models.

    Chery, the partner of British premium carmaker Jaguar Land Rover, is also planning to set up a $1 billion plant in Turkiye, Bloomberg reported in late March, citing the country’s industry ministry.

    It will make EVs and components at the new facility in Samsun, which will have an annual production capacity of 200,000 vehicles, said the media group.

    These strategic moves underscore Chinese automakers’ dedication to establishing a robust international presence, leveraging technological innovation, and localized production to navigate the complexities of global trade and meet diverse consumer preferences, said analysts.

    MIL OSI China News

  • MIL-OSI China: Hong Kong’s InnoEX 2025 draws record global exhibitors, spotlights low-altitude economy

    Source: China State Council Information Office 3

    The third edition of InnoEX, a four-day innovation and technology expo, kicked off in Hong Kong on Sunday, spotlighting cutting-edge advancements in AI, robotics, low-altitude economy, cybersecurity, and smart mobility.

    Co-organized by the Innovation, Technology and Industry Bureau of the Hong Kong Special Administrative Region government and the Hong Kong Trade Development Council (HKTDC), the event aims to foster global collaboration in tech innovation, focusing on the theme of “Innovate, Automate and Elevate”.

    Sun Dong, secretary for Innovation, Technology and Industry, said the expo brings together entrepreneurs, investors, and tech leaders worldwide through exhibitions, networking sessions, and seminars, creating opportunities for international partnerships.

    HKTDC Executive Director Margaret Fong said this year’s InnoEX features over 500 exhibitors from 17 countries and regions, including first-time participants such as Australia, Luxembourg, Malaysia, Sweden, and the United Arab Emirates, alongside expanded showcases from Japan, Thailand, and the UK.

    Running concurrently, the 21st Hong Kong Electronics Fair (Spring Edition) focuses on smart home solutions, health tech, and wearable devices.

    As core events of Hong Kong’s International I&T Business Week 2025, the twin expos have drawn more than 2,800 exhibitors from 29 countries and regions.

    Ida Liu, marketing director of Seagull (Suzhou) Flying Car Limited, said in an interview that the company is leveraging Hong Kong’s global connectivity to expand its international presence and explore partnerships.

    Derek Chim, head of Startup Ecosystem and Development at Hong Kong Science and Technology Parks Corporation (HKSTP), said the InnoEX has become a flagship innovation and technology exhibition in Asia, attracting industry experts, investors and buyers from around the world.

    “We will seize this opportunity to accelerate the expansion of tech enterprises in the Asia-Pacific region and global markets,” he added.

    The expo also features four themed days, each hosting forums on trending tech topics, further enriching the exchange of ideas. 

    MIL OSI China News

  • MIL-OSI Africa: Minister Lamola participates in Delphi Economic Forum

    Source: South Africa News Agency

    Sunday, April 13, 2025

    International Relations and Cooperation Minister Ronald Lamola has addressed the prestigious Delphi Economic Forum where he underscored South Africa’s commitment to multilateral diplomacy.

    The Minister addressed the prestigious forum in Greece where he outlined South Africa’s priorities as the incumbent Group of Twenty (G20) Presidency, championing Africa’s role in shaping a more equitable and sustainable global future. 

    “The Delphi Economic Forum, a global nexus for economic and geopolitical discourse, offers a strategic platform to amplify South Africa’s foreign policy objectives, including its advocacy for peace building, continental integration, and the United Nations Sustainable Development Goals (SDGs).

    “This engagement reaffirms South Africa’s leadership in advancing Pan-Africanism on the global stage, ensuring Africa’s priorities from debt relief to food security remain central to international agendas,” the Ministry of International Relations and Cooperation said on Saturday.

    The Ministry added that the Minister’s participation underscores South Africa’s commitment to multilateral diplomacy, economic justice, and South-South solidarity. 

    “As South Africa remains unwavering in its pursuit of a world where no nation is left behind. Our Presidency prioritises bridging the gap between developed and developing economies, ensuring that Africa’s vast potential in green industrialisation, youth innovation, and sustainable trade is unlocked through equitable partnerships,” the Minister said.

    South Africa’s G20 Presidency is taking place under the theme: “Solidarity, Equality, Sustainability.” –SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Economics: Huawei Launches Five Solutions to Accelerate Aviation Intelligence

    Source: Huawei

    Headline: Huawei Launches Five Solutions to Accelerate Aviation Intelligence

    [Madrid, Spain, April 14, 2025] During the Passenger Terminal Expo 2025 in Madrid, Huawei launched five aviation solutions, notably including the Smart Airport Intelligent Operation Center (IOC) to advance intelligent industry upgrades. Huawei executives, including Mr. Dong Fangshuo, Vice President of Huawei’s Smart Transportation BU, Mr. Yang Guojie, Director of Transportation Industry Solution Domain from Huawei’s Data Communication Product Line, Eric Liu, Chief Engineer of Huawei Optical Network Business, and Dr. Rachad Nassar, Director of Global Business & Strategic Partners of Huawei’s Smart Transportation BU attended the launch event.
    Huawei launches five aviation solutions

    The five solutions unveiled will lay a solid foundation for aviation to “go broadband, go cloud, and go AI.” They are:
    Huawei’s Smart Airport Intelligent Operation Center (IOC) enables precise and efficient decision-making through all-domain situational awareness. With Total Airport Management (TAM) concept at its heart, the IOC streamlines management and operations systems and seamlessly connects more than 30 airport production systems, providing a holistic view on one map. Capitalizing on AI algorithms, the IOC accurately predicts the time when an aircraft moves into the stand, optimizes resource allocation, and improves the rate of aircraft docking to jet bridges. This results in a 5% increase in flight departure punctuality and ground support efficiency. The system monitors operation in real time, deploys service resources in advance, proactively handle disruptions, strengthens security management, and improves passenger experience, helping airports go digital and intelligent.
    Huawei’s Smart Airport Perimeter Security Solution with fiber sensing technology elevates airport operational security. Using innovative technologies like Huawei’s distributed optic fiber sensing and AI sensing algorithms, the solution can precisely identify airfield intrusions under harsh weather conditions. It detects the vast majority of intrusions and generates very few false alarms (hundreds of alarms per day reduced to less than 1 alarm/km/day).
    Huawei’s Digital and Intelligent Platform for Airports based on cloud, data, and AI makes airport operations smarter, more efficient, and more secure.
    ● Cloud: Core services are migrated to the cloud for active-active deployment, ensuring zero data losses. The recovery time is shortened from 1 hour to just 5 minutes, meeting the 99.99% availability requirement.
    ● Data: The platform builds a comprehensive data governance system alongside a robust data foundation to deliver high-quality data for intelligent applications.
    ● AI: Huawei provides advanced AI capabilities and supports open and compatible mainstream models and engines. Together with its partners, the company looks to create optimal industry models to accelerate aviation intelligence.

    Huawei’s Xinghe Intelligent Airport Integrated Data Network Solution builds a high-quality and highly reliable communication network. Wi-Fi 7 enhances the passenger experience, and with its VIP assurance technology, Wi-Fi 7 improves the bandwidth for VIP passengers by 20%. Huawei’s exclusive Wi-Fi Shield adopts noise superposition to prevent data from being stolen during air interface transmission and protect data. It also automates access authentication and authorization, and can automatically detect and block spoofing and unauthorized access behavior within 30 seconds, eliminating terminal access risks. The solution fully boosts production and operational efficiency and ensures airport networks are stable.
    Huawei’s Smart Airport All-Optical Network utilizes IP + POL (Passive Optical LAN). It introduces the first 10G M45 panel-type Optical Network Unit (ONU) – the OptiXstar P892M – for airports, which supports multiple installation modes such as tabletop, wall embedding, and floor cylinder. One optical fiber allows for integrated access of voice, Wi-Fi, and HD video services, providing more reliable, agile, and green infrastructure to high-quality carry multiple airport service systems.
    The solutions reflect that ICT has evolved from a side support system into one of air cargo’s core mission-critical production systems, with intelligence being at the heart of the ongoing transformation of the aviation sector. This evolution is prompting airports to rethink how they allocate resources and evolve toward smart airports. Huawei works with aviation partners to deeply integrate novel technologies and create the architecture of intelligent digital twins that synergizes connectivity, cloud, AI, computing, and applications. This architecture aims to significantly enhance operational efficiency, business value, safety and passenger experience.
    Dr. Rachad Nassar, Director of Global Business & Strategic Partners of Huawei’s Smart Transportation BU, noted at the launch event that the advancement of aviation relies on digital and intelligent technologies. He stated that Huawei is committed to building safer and more efficient airports providing a seamless experience. “Moving forward, we will collaborate with more industry partners who have best practices to establish a new ecosystem for airport innovation and development. Together, we can help customers streamline existing industry systems, maximize data potential, and improve productivity within the aviation sector.”
    Keynote speech by Dr. Rachad Nassar

    During the exhibition, Huawei also showcased its range of scenario-based solutions for airport operations, security, and services alongside airlines’ operating scenarios. The solutions ensure smooth passenger and flight flows, improve travel experience, and increase the operational efficiency of both airports and airlines.
    To date, more than 210 airports, airlines, and air traffic management authorities all over the world have chosen Huawei. Looking ahead, Huawei will work with industry customers and partners to build a digital and intelligent foundation for civil aviation, develop smart airports that are safe, green, and passenger-friendly, and accelerate the intelligent development of aviation.
    For more information about Huawei’s Smart Aviation Solution, visit: https://e.huawei.com/en/industries/aviation

    MIL OSI Economics

  • MIL-OSI New Zealand: Tourism turbocharge takes New Zealand to the world

    Source: New Zealand Government

    A major drive boosting New Zealand as an international travel destination will kick off with a $13.5 million turbocharge for global marketing activity, Tourism and Hospitality Minister Louise Upston has announced. 

    “We’re a Government relentlessly focused on growing the economy so Kiwis can get ahead. All the stats show tourism will play a leading role as that growth continues,” Louise Upston says.

    “Today I’m delighted to announce a $13.5 million investment for Tourism New Zealand to encourage more international visitors across multiple markets.

    “Encouraging more visitors means more people staying in our hotels, eating in our cafés, spending in our shops and visiting our attractions, creating jobs and driving economic growth.

    “The initial investment will include a focus on encouraging visitors from China, Australia, the United States, India, Germany and South Korea. In these countries and beyond there are millions of people actively considering coming here and experiencing all New Zealand has to offer. 

    “We know international marketing works, with around 14 per cent of international holiday visitors already being directly influenced by Tourism NZ’s marketing activity. 

    “We want to grow that influence. Our international visitor spending and visitor numbers have been rebuilding strongly, and we must make the most of that momentum. 

    “The $13.5 million announced today is estimated to result in more than 23,000 additional international visitors and spending an extra $100 million across the country. 

    “That will be a major boost, not just for tourism and hospitality providers, but in regions and communities throughout the country.

    “We have encouraging signs coming through from our ‘Everyone Must Go!’ campaign focused on Australia, but we won’t stop there.

    “2025 is our chance to reinforce the value of tourism and show what our humming, vibrant country has on show. New Zealand tourism is open for business. 

    “We already know our country has so much going for it. Now we need the global marketing to push that story even wider,” Louise Upston says.

    Specific campaigns will be announced as they continue to be developed during 2025.

    Notes for Editors

    Tourism’s key numbers

    • Tourism now contributes 7.5 per cent of GDP and continues to be our second highest export.
    • The Tourism Satellite Account shows total tourism expenditure in New Zealand of $44.4 billion for the year ending March 2024, an increase of $5.6 billion or 14.6 per cent compared to March 2023.
    • Overseas visitor expenditure increased by $6.3 billion (59.9 per cent) to $16.9 billion
    • International expenditure grew almost 60 per cent in the year ending March 2024.

    Tourism initiatives, funded through the International Visitor Conservation and Tourism Levy, in 2025 include:

    • $500,000 for marketing New Zealand as the ‘go now’ destination for Australians
    • $9 million for New Zealand Cycle Trail Fund to enhance the Great Rides
    • $3 million for a Regional Tourism Boost
    • $3 million to secure more business events for New Zealand
    • $2.45 million for the second round of the Regional Events Promotion Fund
    • And an additional $30 million to support conservation visitor related experiences

    MIL OSI New Zealand News

  • MIL-OSI China: Iran says nuclear issue, sanctions focus of indirect talks with US

    Source: China State Council Information Office

    Iran said on Sunday that its indirect negotiations with the United States held in Oman were focused solely on Tehran’s nuclear program and the removal of U.S. sanctions, ruling out any discussion of other issues.

    Foreign Ministry spokesman Esmaeil Baghaei told state television that Iran’s stance in the talks remained unchanged, centering on lifting sanctions and preserving its nuclear rights.

    The talks, held on Saturday between Iranian Foreign Minister Seyed Abbas Araghchi and U.S. Special Envoy to the Middle East Steve Witkoff, were conducted through intermediaries.

    Baghaei added that Iran remained committed to preserving its nuclear infrastructure and achievements, while also demonstrating its willingness to engage in dialogue to assure the international community of the peaceful nature of its nuclear activities.

    “Iran considers itself obligated to use all legal and diplomatic tools to safeguard its legitimate rights as a member of the Non-Proliferation Treaty and a signatory to the IAEA (International Atomic Energy Agency) safeguards agreements,” he said.

    Speaking to reporters in Muscat after the meeting, Araghchi described the first round of talks as “constructive” and held in a “calm and respectful atmosphere.”

    “No inappropriate language was used, and both sides showed commitment to pursuing the negotiations from an equal footing toward a mutually beneficial agreement,” he said.

    He added that a second round of talks was scheduled for the following Saturday, likely at a different venue.

    The Muscat discussions followed U.S. President Donald Trump’s announcement in March that he had sent a letter to Iranian leaders via the United Arab Emirates proposing nuclear talks.

    Iran later confirmed receiving the letter and expressed openness to indirect engagement.

    Iran signed the 2015 Joint Comprehensive Plan of Action (JCPOA) with six world powers, namely, the United States, China, Russia, Britain, France, and Germany, agreeing to curb its nuclear program in exchange for sanctions relief. Washington unilaterally withdrew from the pact in 2018 and reimposed sanctions, prompting Tehran to scale back its nuclear commitments.

    Efforts to revive the deal have so far failed to make significant progress.

    MIL OSI China News

  • MIL-OSI China: Chinese medical team offers free services in Kalkara, Malta

    Source: China State Council Information Office

    The 20th Chinese medical team for Malta from the Mediterranean Regional Centre for Traditional Chinese Medicine (MRCTCM) provided free clinical services to residents at the main square of Kalkara, southeastern Malta, on Sunday.

    During the event, the medical team offered a range of services including blood pressure and blood sugar checks, cupping therapy, traditional massage, personalized health consultations, and distributed free medical supplies to attendees.

    Lora Busuttil, 73, described the free clinic service as a “good” experience. Suffering from knee pain, she expressed appreciation for the helpful advice offered by the Chinese doctors. “I will apply the plaster they gave me on my knee,” she said.

    “I feel much better,” said Iris Magro, 63, after receiving a traditional massage for neck discomfort. It was her first time trying traditional Chinese medicine (TCM), and she told Xinhua she plans to visit the MRCTCM for further massage treatments.

    Joe Cuschieri, 76, underwent a blood sugar check and received cupping and massage therapy for his neck pain. He also expressed interest in visiting the MRCTCM to seek continued treatment for his neck and back issues.

    “I am very grateful that we could collaborate with the Chinese medical team to offer free clinical services to our residents,” Kalkara Mayor Wayne Aquilina told Xinhua. He noted that the event attracted strong interest from locals, many of whom were keen to learn more about TCM.

    “We’re looking forward to more collaborations,” Aquilina added, expressing hope that the Chinese medical team will continue offering health consultations, particularly for elderly residents in Kalkara.

    The MRCTCM was established by the Chinese and Maltese governments in 1994. To date, 20 Chinese medical teams comprising over 100 doctors, have provided TCM treatments to approximately 250,000 Maltese patients.

    MIL OSI China News