Category: European Union

  • MIL-OSI United Kingdom: Council to review historic conservation area

    Source: City of Leicester

    PEOPLE can give their views on how the special character of one of Leicester’s 25 designated conservation areas should be preserved or enhanced.

    Leicester City Council has launched a public consultation inviting comments on a new draft character appraisal and management plan for the Evington Village conservation area.

    The Evington village conservation area is centred on the historic Evington village, stretching from Evington Park in the north to Shady Lane in the south. It contains several listed buildings, including the Gothic-style Baptist chapel on the High Street, the War Memorial on Main Street and the church of St Denys, which dates from the 13th century.

    There is also a scheduled ancient monument in the area. Known as Piggy’s Hollow, this is the remains of a medieval manor house, also dating back to the 13th century. The area’s distinctive name is thought to come from a local farmer who lived in Church Road and kept pigs in the hollow.

    The city council is proposing to introduce a new character appraisal and management plan for the area. A character appraisal is a document that defines the special qualities of a conservation area, and is used to help preserve and enhance the area’s character and appearance.

    The new character appraisal will mean all 25 conservation areas in the city have an appraisal document for the first time, with work ongoing to revise versions for various other conservation areas in the city.  

    Linked to the new management plan, the council is also consulting on potentially introducing a new Article 4 Direction. This would give the council more powers to help protect the distinctive character of properties in the area.

    Deputy city mayor Cllr Elly Cutkelvin, who is responsible for heritage and conservation, said: “Evington Village conservation area is a real asset to our city. The buildings, archaeological features and unique character of the area need to be protected for everyone to enjoy, now and in the future. This is why we’re seeking views on our character appraisal for the area, and on whether we should increase our powers to preserve this heritage.

    “We know that many local people are interested in Evington’s fascinating history, and we look forward to hearing everyone’s views in our consultation.”

    People can comment on the proposals by visiting www.leicester.gov.uk/consultations

    A public drop-in event will also be held on Wednesday 30 April from 5-8pm at St Denys Parish Centre on Church Road, where people can find out more. Council staff will be available to answer questions and there will be a presentation from 6pm.

    The council has also recently confirmed new Article 4 Directions for the conservation areas in Braunstone and Knighton villages, introduced after similar consultations and as part of new management plans for these areas, which were published last autumn. A range of other enhancement works to those areas has been completed, including new signage, removal of street clutter, fencing repairs, new planting and other improvements. 

    The consultation runs until Monday 12 May at www.leicester.gov.uk/consultations

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: “Labour’s recent leaflet boasting about deporting more people than the Tories is sickening”

    Source: Green Party of England and Wales

    Responding to Labour’s recent leaflet about how they’ve delivered “the four biggest deportation flights in UK history” Green Party Co-Leader, Carla Denyer said,

    “Labour’s recent leaflet boasting about deporting more people than the Tories is sickening.

    “Labour are failing to provide safe and legal routes into the UK while seemingly revelling in turning people’s lives upside down.

    “Any claim the Labour Party may have once had to be a party of compassion or principle has well and truly gone.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Funding plans announced to support Salford residents with the cost-of-living

    Source: City of Salford

    • Funding period: Round seven (part one) of the Household Support Fund will be available from Tuesday 1 April 2025 to Tuesday 30 September 2025.
    • Eligibility: Open to Salford residents who need financial support with the cost-of-living, specifically to cover cost for food, fuel and energy, regardless of benefit status.
    • How to apply: Residents who need support can apply directly for funding online www.salford.gov.uk/hsf or call Salford’s Household Support Fund helpline on 0800 011 3998.

    Salford City Council have unveiled plans for the allocation of the Government’s extension of the Household Support Fund (HSF) for the period Tuesday 1 April 2025 to Tuesday 30 September 2025. This funding provides critical support to households facing cost-of-living pressures, particularly those struggling to afford essential items such as food, energy, and fuel.

    In the previous funding round covering October 2024 to March 2025, the council received 6,000 applications for support and provided over 17,000 holiday food vouchers to families and children during school holidays.

    Councillor Tracy Kelly, Lead Member for Housing and Anti-Poverty at Salford City Council, said: “The Household Support Fund is a vital resource for our community. Our commitment in Salford is to make sure vulnerable residents are supported in the best way possible and ensure that every resident facing financial challenges receives the necessary support. This latest funding round reinforces our ongoing effort to build a fairer, more inclusive society.”

    The funding will be distributed by Salford City Council’s Salford Assist team. The funding will be awarded via shopping vouchers and fuel meter top ups to those who meet the eligibility criteria. Salford residents do not need to be in receipt of benefits to apply for the Household Support Fund and can apply for the scheme if they are also in receipt of other benefits and pension credits, all applications will be considered.

    The allocated funding will be used to:

    • Provide direct financial support to eligible residents to cover essential costs.
    • Issue holiday food vouchers to children eligible for Free School Meals.
    • Enable Voluntary, Community and Social Enterprise (VCSE) partners to deliver food banks, food clubs, and food schemes.
    • Support additional council services including housing and adult social care.

    Salford City Mayor, Paul Dennett added: “This fund has been instrumental in providing essential assistance to our residents, helping with critical costs such as food and heating, and ensuring children do not go without food during school holidays. I urge any resident facing financial difficulties to explore the support available through the Household Support Fund.”
     
    This support forms part of Salford’s wider Tackling Poverty strategy which aims to make Salford a fairer and more inclusive place where everyone can live prosperous and fulfilling lives free from poverty and inequality. The funding has come from the Department for Work and Pensions. 
     
    To learn more about this funding and how to apply visit Salford City Council’s website: www.salford.gov.uk/hsf.

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    Date published
    Tuesday 1 April 2025

    Press and media enquiries

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Y Canghellor yn darparu diogelwch ac adnewyddiad cenedlaethol i Gymru

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Y Canghellor yn darparu diogelwch ac adnewyddiad cenedlaethol i Gymru

    Mae’r Canghellor yn addo creu “cyfnod newydd o ddiogelwch ac adnewyddiad cenedlaethol” wrth iddi gyflwyno Datganiad y Gwanwyn i hybu twf economaidd.

    • Mae’r Canghellor yn addo creu “cyfnod newydd o ddiogelwch ac adnewyddiad cenedlaethol” wrth iddi gyflwyno Datganiad y Gwanwyn i hybu twf economaidd, diogelu pobl sy’n gweithio a chadw Prydain yn ddiogel.
    • Ar gyfartaledd, bydd pobl ledled y DU £500 y flwyddyn yn well eu byd erbyn diwedd tymor y senedd hon o’u cymharu ag o dan y llywodraeth flaenorol, gan roi mwy o arian ym mhocedi pobl.
    • Mae twf wrth galon y Cynllun ar gyfer Newid, a gall Prydain ddechrau adeiladu diolch i’r dyraniad gwariant cyfalaf ychwanegol gwerth £13 biliwn, ochr yn ochr â £2.2 biliwn o gyllid ar gyfer amddiffyn y flwyddyn nesaf.

    Ar gyfartaledd, bydd pobl ledled y DU £500 yn well eu byd o 2029, o’i gymharu â rhagolwg yr hydref yr OBR, gan helpu i gyflawni’r Cynllun ar gyfer Newid, wrth i’r Canghellor gyhoeddi Ddatganiad y Gwanwyn heddiw (dydd Mercher 26 Mawrth) sy’n manteisio ar y cyfleoedd sydd ar gael mewn byd sy’n newid.

    Cadarnhaodd yr OBR hefyd fod disgwyl i economi’r DU dyfu’n gyflymach na’r disgwyl o 2026 ymlaen ac y bydd yn uwch na’r hyn a nodwyd yn eu rhagolwg yr hydref erbyn 2029 – gan godi i 9.5% o’i gymharu â 9.2%.

    Nododd y Canghellor sut mae’r llywodraeth yn gwarchod diogelwch gwladol ac yn manteisio i’r eithaf ar botensial sector amddiffyn y DU ar gyfer twf drwy gadarnhau y bydd cynnydd o £2.2 biliwn yng nghyllideb amddiffyn y DU gyfan yn 2025-26.

    Mae Datganiad y Gwanwyn yn cyflawni cynlluniau gwariant Llywodraeth y DU sy’n canolbwyntio ar ei hamcanion craidd, sef dod â sicrwydd a sefydlogrwydd i bobl sy’n gweithio ledled y DU.

    Mae’n dilyn y Gyllideb yn yr hydref lle cyhoeddodd y Canghellor y bydd Llywodraeth Cymru yn cael setliad o £21 biliwn yn 2025/26 – y mwyaf mewn termau real yn hanes datganoli. Mae hyn yn cynnwys £1.7 biliwn yn ychwanegol drwy fformiwla Barnett, gyda £1.5 biliwn ar gyfer gwariant o ddydd i ddydd a £250 miliwn ar gyfer buddsoddiad cyfalaf.

    Mae’r mesurau a gymerwyd heddiw yn golygu cynnydd pellach o £16 miliwn drwy symiau canlyniadol o dan Barnett yn 2025/26. Mae Llywodraeth Cymru yn parhau i gael dros 2.0% yn fwy y pen na gwariant cyfatebol Llywodraeth y DU yng ngweddill y DU, sy’n golygu £4 biliwn yn fwy yn 2025-26.

    Bydd cyllid grant bloc Llywodraeth Cymru o 2026-27 ymlaen yn cael ei gadarnhau yng Ngham 2 yr Adolygiad o Wariant, sy’n dod i ben ar 11 Mehefin 2025. Bydd Prif Ysgrifennydd y Trysorlys yn cwrdd â’i gymheiriaid o’r llywodraethau datganoledig i drafod eu blaenoriaethau cyn i’r adolygiad gael ei gwblhau.

    Dywedodd Jo Stevens, Ysgrifennydd Gwladol Cymru:

    Mae Datganiad y Gwanwyn heddiw yn mynd ymhellach ac yn mynd ati’n gyflymach i sicrhau twf economaidd, diogelwch cenedlaethol ac adnewyddu ledled Cymru a gweddill y DU.

    Drwy gywiro sylfeini ein heconomi, rydyn ni eisoes wedi dechrau cyflawni’r newid y pleidleisiodd pobl Cymru drosto naw mis yn ôl.

    Mae’r £16 miliwn sydd ar gael heddiw drwy Fformiwla Barnett yn ychwanegol at y setliad mwyaf erioed gwerth £21 biliwn a gyhoeddwyd ar gyfer Llywodraeth Cymru yng Nghyllideb yr Hydref diwethaf, gan roi hwb i wariant ar wasanaethau cyhoeddus fel y GIG, ac mae rhestr aros eisoes wedi bod yn disgyn yng Nghymru.

    Rydym wedi gwneud yn siŵr na fydd unrhyw deulu yng Nghymru’n talu ceiniog yn fwy o dreth yn eu cyflogau ac rydym wedi codi’r isafswm cyflog a’r cyflog byw i hyd at 140,000 o weithwyr yng Nghymru.

    Rydyn ni’n creu degau o filoedd o swyddi newydd drwy Barthau Buddsoddi Cymru, Porthladdoedd Rhydd a drwy brosiectau twf lleol a mewnfuddsoddi. Bydd buddsoddiad heddiw mewn amddiffyn hefyd yn rhoi hwb i’r diwydiant yng Nghymru. Ac rydyn ni wedi darparu bargen well i weithwyr dur Cymru ac, am y tro cyntaf, £25m i gadw tomennydd glo Cymru’n ddiogel.

    Mae’r Datganiad y Gwanwyn hwn yn rhoi hwb i dwf economaidd, yn amddiffyn pobl sy’n gweithio ac yn cadw ein gwlad yn ddiogel.”  

    Amddiffyn

    Rydym yn mynd ymhellach ac yn mynd ati’n gyflymach i warchod ein diogelwch gwladol a manteisio i’r eithaf ar y potensial o dwf economaidd yn sector amddiffyn y DU.

    • Rydym yn cynyddu’r gyllideb amddiffyn o £2.2 biliwn yn 2025-26, gan gynyddu’r gwariant ychwanegol ar amddiffyn i fwy na £5 biliwn ers Cyllideb yr Hydref.
    • Mae hyn yn codi gwariant ar amddiffyn i 2.36% y flwyddyn nesaf a bydd yn cael ei fuddsoddi mewn gosod Arfau Ynni Cyfeiriedig ar longau’r Llynges Frenhinol bum mlynedd yn gynt na’r disgwyl, darparu cartrefi gwell i deuluoedd milwrol a moderneiddio Safle Llynges Ei Fawrhydi yn Portsmouth.
    • Neilltuwyd isafswm o 10 y cant ar gyfer gwariant ar gyfarpar gyda thechnolegau datblygol fel dronau a systemau awtonomaidd, technolegau â defnydd deuol, a galluoedd a bwerir gan ddeallusrwydd artiffisial, fel bod gan filwyr Prydain yr adnoddau sydd eu hangen arnynt i ymladd ac ennill mewn rhyfeloedd modern.
    • Rhoi’r dechnoleg newydd hon yn nwylo ein lluoedd arfog yn gyflymach drwy leihau biwrocratiaeth, gydag uned newydd Arloesi Amddiffyn y DU yn y Weinyddiaeth Amddiffyn yn arwain ymdrechion i ddod o hyd i dechnoleg addawol a sicrhau bod y rhain yn cyrraedd y rheng flaen yn gyflym, gan gryfhau sector technoleg y DU a chynyddu buddsoddiad preifat.
    • Creu prosesau caffael pwrpasol ar gyfer gwahanol fathau o offer milwrol, gan ddysgu gwersi o’n cefnogaeth gyflym i Wcráin i gymell targedau amser cyflymach ar gyfer rhoi tanciau, awyrennau ac offer hanfodol eraill newydd ar waith ar gyfer rhyfela modern.
    • Mae’r llywodraeth hon yn benderfynol o drawsnewid y sector amddiffyn i fod yn beiriant ar gyfer twf drwy ganolbwyntio’r buddsoddiad hwn ar y meysydd hynny sy’n rhoi hwb i gapasiti cynhyrchiol yr economi, fel buddsoddi mewn arloesi a thechnolegau newydd. O ganlyniad i’r cynnydd mewn gwariant ar amddiffyn i 2.5%, mae’r llywodraeth yn amcangyfrif y gallai hyn arwain at GDP o tua 0.3% yn uwch yn y tymor hir, sy’n cyfateb i tua £11 biliwn o GDP yn arian heddiw.
    • Bydd buddsoddiad y llywodraeth mewn amddiffyn hefyd yn cefnogi ei chenhadaeth fwyaf blaenllaw, sef sicrhau twf economaidd. Bydd dinasyddion y DU yn cael eu diogelu rhag bygythiadau gartref ar yr un pryd â chreu amgylchedd sefydlog lle gall busnesau ffynnu, a chefnogi prentisiaethau a swyddi medrus iawn ledled y DU.
    Twf

    Hybu twf economaidd yw prif genhadaeth Llywodraeth y DU, er mwyn i ni allu rhoi mwy o arian ym mhocedi pobl sy’n gweithio ar draws pob rhan o’r DU.

    Mae Llywodraeth y DU eisoes wedi gwneud cynnydd sylweddol yn y cynllun hwn ar gyfer twf yng Nghymru, gan gynnwys cadarnhau ffocws Parth Buddsoddi Wrecsam a Sir y Fflint ar weithgynhyrchu uwch i ddenu gwerth £1 biliwn o fuddsoddiad a chreu hyd at 6,000 o swyddi; a £1.5 biliwn o fuddsoddiad uniongyrchol gan Lywodraeth y DU mewn prosiectau sy’n cefnogi twf ledled Cymru.

    Mae Llywodraeth y DU yn gadarn ei chefnogaeth i’r cymunedau dur. Drwy Fwrdd Pontio Tata Steel Port Talbot, mae’n darparu gwerth £80 miliwn i helpu gweithwyr, y gadwyn gyflenwi, busnesau lleol ac adfywio. 

    Bydd gweithredoedd y llywodraeth hon drwy gydol Cyllideb yr Hydref a Datganiad y Gwanwyn, os cânt eu cynnal, yn arwain at gynnydd o 0.6% yn lefel y GDP go iawn erbyn 2034-25.

    Daeth yr OBR i’r casgliad bod y rheol sefydlogrwydd yn cael ei bodloni o £9.9 biliwn a bod y rheol buddsoddi yn cael ei bodloni o £15.1 biliwn. Mae’r ddwy reol yn cael eu bodloni ddwy flynedd yn gynnar, sy’n golygu mai dim ond benthyca ar gyfer buddsoddi y mae’r llywodraeth o 2027-28 ymlaen ac mae’r ddyled ariannol net yn gostwng.

    Nid yw’r llywodraeth yn fodlon â ffigurau twf tymor byr, ac mae’n mynd ymhellach ac yn mynd ati’n gyflymach heddiw i wella hyn.

    Mae’r Canghellor wedi cyhoeddi buddsoddiad cyfalaf pellach o £13 biliwn dros oes y Senedd er mwyn mynd ymhellach o ran twf, ac mae hynny’n ychwanegol at y cynnydd o £100 biliwn a gyhoeddwyd yng Nghyllideb yr Hydref. Bydd hyn yn cyflawni’r prosiectau sydd eu hangen i ysgogi buddsoddiad preifat, hybu twf ac yn gwthio strategaeth ddiwydiannol fodern y DU yn ei blaen.

    Gyda’i gilydd, mae’r buddsoddiad cyfalaf ychwanegol hwn yn gwrthbwyso’r arbedion bach ar wariant o ddydd i ddydd ac yn golygu y bydd cyfanswm gwariant adrannol yn cynyddu dros y pum mlynedd nesaf, o’i gymharu â’r cynlluniau yn yr hydref.

    Diwygio

    Mae Llywodraeth y DU yn benderfynol o wneud y sector cyhoeddus yn fwy cynhyrchiol ac o wella gwasanaethau ar gyfer pobl sy’n gweithio. Ond mewn byd sy’n newid, mae angen i ni fynd ymhellach a mynd ati’n gyflymach i sicrhau ein bod yn gallu darparu’r gwasanaethau cyhoeddus y mae pobl sy’n gweithio yn poeni fwyaf amdanynt.

    Mae’r llywodraeth wedi dangos ei hymrwymiad i wneud y penderfyniadau anodd sydd eu hangen i sbarduno effeithlonrwydd a diwygio’r wladwriaeth – lleihau aneffeithlonrwydd a dyblygu biwrocrataidd; a rhoi diwedd ar wariant gwastraffus gan y llywodraeth drwy ganslo miloedd o gardiau credyd y llywodraeth.

    Mae cael mwy o bobl i mewn i swyddi hefyd yn ganolog i genhadaeth y llywodraeth o ran twf. Mae’r system les hon wedi methu ac yn siomi pobl drwy ofyn iddynt brofi’r hyn na allant ei wneud, yn hytrach na chanolbwyntio ar yr hyn y gallent ei wneud gyda’r cymorth iawn – mae’n caethiwo pobl oherwydd bod ofn arnynt roi cynnig ar waith, ac oherwydd diffyg cefnogaeth a chymhellion ariannol gwael.

    Bydd y system nawdd cymdeithasol bob amser yn gwarchod y rhai hynny na allant fyth weithio, a dyna pam y mae’r llywodraeth hon yn cynnig premiwm ychwanegol a fydd yn diogelu eu hincwm. A bydd yn dod â diwedd i’r drefn o ailasesu pobl sydd â’r cyflyrau gydol oes mwyaf difrifol i roi urddas a sicrwydd iddynt.

    Helpu mwy o bobl i gael gwaith yw un o nodau canolog y diwygiadau hyn, a dyna pam mae’r llywodraeth yn mynd i’r afael â chymhellion i fod yn segur drwy ddiddymu’r WCA, ail-gydbwyso Credyd Cynhwysol, a buddsoddi mwy mewn cymorth cyflogaeth.

    Byddwn bob amser yn cefnogi’r rheini sydd â chyflyrau iechyd tymor hir drwy’r Taliad Annibyniaeth Bersonol, a fydd yn parhau i fod yn fudd-dal pwysig nad yw’n seiliedig ar brawf modd ar gyfer pobl anabl a phobl sydd â chyflyrau iechyd tymor hir.  Ond bydd y diwygiadau hyn yn gwneud y system yn fwy penodol a chynaliadwy er mwyn sicrhau bod rhwyd ddiogelwch ar gael i’r rheini sydd ei hangen fwyaf.

    Mae’r Canghellor wedi cadarnhau y byddwn yn creu Cronfa Trawsnewid gwerth £3.25 biliwn i gefnogi’r gwaith sylfaenol o ddiwygio gwasanaethau cyhoeddus, manteisio ar gyfleoedd technoleg ddigidol a Deallusrwydd Artiffisial (AI), a thrawsnewid darpariaeth rheng flaen i ryddhau arbedion i drethdalwyr yn y tymor hir.

    Cyhoeddodd y Canghellor hefyd becyn o fesurau i gau’r bwlch treth, gan godi £1 biliwn y flwyddyn erbyn 2029-30. Amcangyfrifwyd fod bwlch treth y DU yn tua £40 biliwn yn 2022-23.

    Edrych Ymlaen

    Mae Datganiad y Gwanwyn yn adeiladu ar Gyllideb yr Hydref a’r penderfyniadau a wnaed ers hynny i sicrhau sefydlogrwydd i economi Prydain a sbarduno twf economaidd.

    Bydd y llywodraeth yn nodi ei chynlluniau ar gyfer gwariant a diwygiadau allweddol i’r sector cyhoeddus yn yr Adolygiad o Wariant a fydd yn dod i ben ar 11 Mehefin 2025.

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

    Source: Agnico Eagle Mines

    Stock Symbol: AEM (NYSE and TSX)

    TORONTO, April 1, 2025 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has acquired 2,602,500 common shares (“Common Shares”) of Rupert Resources Ltd. (“Rupert”) in a non-brokered private placement at a price of C$4.50 per Common Share for total consideration of C$11,711,250 (the “Private Placement”).

    Concurrent with the closing of the Private Placement, Agnico Eagle exercised its right under an investor rights agreement dated February 11, 2020 between Agnico Eagle and Rupert to designate a nominee, Carol Plummer, to be appointed, or nominated for election to the board of directors of Rupert (the “Rupert Board”). Rupert has advised Agnico Eagle that it will nominate Ms. Plummer for election at Rupert’s upcoming annual general meeting and will include the required information in its proxy circular.

    Ms. Plummer is Executive Vice-President, Sustainability, People and Culture at Agnico Eagle and possesses extensive experience in project evaluation, mine building and operations, particularly in Finland, where she was previously the general manager of Agnico Eagle’s Kittilä mine. Agnico Eagle believes that Ms. Plummer’s expertise will be a valuable asset to the Rupert Board as Rupert advances the Ikkari project and continues exploring the full potential of the property.

    Prior to the Private Placement, Agnico Eagle owned 30,169,111 Common Shares, representing approximately 13.3% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the Private Placement, Agnico Eagle owned 32,771,611 Common Shares, representing approximately 14.0% of the issued and outstanding Common Shares on a non-diluted basis.

    Agnico Eagle acquired the Common Shares for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Rupert or dispose of some or all of the Common Shares or other securities of Rupert it owns at such time.

    An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

    Agnico Eagle Mines Limited 
    c/o Investor Relations
    145 King Street East, Suite 400 
    Toronto, Ontario M5C 2Y7
    Telephone: 416-947-1212 
    Email: investor.relations@agnicoeagle.com

    Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Rupert’s head office is located at 82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1.

    About Agnico Eagle

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Forward-Looking Statements

    The information in this news release has been prepared as at April 1, 2025. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “may”, “will” or similar terms.

    Forward-looking statements in this news release include, without limitation, statements relating to the nomination of Carol Plummer as a director of Rupert, the inclusion of certain information regarding Carol Plummer in Rupert’s proxy circular and Agnico Eagle’s acquisition or disposition of securities of Rupert in the future.

    Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

    View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-announces-investment-in-rupert-resources-ltd-302417054.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics

  • MIL-OSI Global: ‘Putin’s brain’: Aleksandr Dugin, the Russian ultra-nationalist who has endorsed Donald Trump

    Source: The Conversation – UK – By Kevin Riehle, Lecturer in Intelligence and Security Studies, Brunel University of London

    Aleksandr Dugin, sometimes referred to as “Putin’s brain” because of his ideological influence on Russian politics, endorsed the policies of Donald Trump in a CNN interview aired on March 30. Dugin said Trump’s America has a lot more in common with Putin’s Russia than most people think, adding: “Trumpists and the followers of Trump will understand much better what Russia is, who Putin is and the motivations of our politics.”

    Dugin made his name by espousing Russian nationalist and traditionalist – including antisemitic – themes, and publishing extensively on the centrality of Russia in world civilisation. So, this endorsement should be a warning of the disruptive nature of the Trump White House. It implies that Dugin believes Trump’s policies support Russian interests.

    Dugin began his career as an anti-communist activist in the 1980s. This was less because of an ideological antipathy for communism than his rejection of the internationalism that the Communist Party of the Soviet Union espoused. He also criticised the party for breaking from traditional – especially religious – values.

    Dugin proposes what he calls a “fourth political theory”. The first three, he claims, are Marxism, fascism and liberalism – all of which he thinks contain elements of error, especially their rejection of tradition and the subordination of culture to scientific thought.

    Dugin’s fourth political theory takes pieces from all three and discards the elements with which Dugin disagrees, especially the dwindling importance of traditional family and culture. The culmination is a melange of ideas that sometimes appear Marxist and sometimes fascist, but which always centre on the criticality of traditional Russian culture.

    His founding philosophy is traditionalism, which he views as a strength of Russia. Thus, he has become a strong supporter of the country’s president, Vladimir Putin, who emphasises traditional Russian values. Dugin and Putin align in their criticism of liberalist anti-religious individualism, which they claim destroys the values and culture on which society is based.

    Dugin has value for Putin because he advances the president’s objectives. Putin’s security goals are in part founded on the principle that political unity is strength and political division is weakness. If Russia can maintain political unity by whatever means necessary, it retains its perception of strength. And if a state opposed to Russia is divided internally, it can be portrayed as weak.

    The Russian government claims complete political unity inside Russia. Its spokespeople reinforce that claim by declaring, for example, the Russian electorate was so unified behind Putin that the 2024 Russian presidential election could have been skipped as an unnecessary expense. They also push a strained claim that the Russian population is unanimously behind the Ukraine war.

    Dugin energises voters behind Putin, basing his support on the philosophy of Russian greatness and cultural superiority, and the perception of Russian unity. His influence has been felt throughout the Russian government and society. He publishes prolifically, and lectures at universities and government agencies about the harms of western liberalism. He also served as an advisor to Sergey Naryshkin, currently director of the Foreign Intelligence Service (SVR) of the Russian Federation.

    Dugin’s views support an expansionist Russia, especially in the direction of Ukraine. He questions the existence of Ukraine and promotes Russia’s war there wholeheartedly. But his support for the war led to an attempt on his life. On August 20 2022, a bomb exploded in a car owned by Dugin, killing his daughter, Darya, who was driving it back from a festival of Russian traditional art.

    Divide and conquer

    Russia applies the same principle of “unity equals strength” to its adversaries, but in reverse. Many Russian political thinkers try to emphasise political divisions in unfriendly states. They work hard to broaden existing disagreements and support disruptive political parties and groups.

    Such operations give the Russian government the ability to denigrate the foreign powers that Russia considers adversaries by making them look weak in the eyes of their own people – and more importantly, in the eyes of the Russian population.

    Dugin lays a philosophical foundation for foreign parties that oppose the European Union and western liberalism, and that disrupt political unity. His views have been adopted by far-right political groups such as the German National Democratic Party, the British National Party, Golden Dawn in Greece, Jobbik in Hungary, and the National Front in France.

    Dugin’s interview in which he endorsed Trump’s policies is likely to have been directly authorised by the Kremlin. He pushes a Kremlin-sponsored endorsement of Trump’s divisive – and thus weakening – effect on US politics.

    But Dugin’s extreme Russian nationalist rhetoric at times clashes with Putin’s attempts to include all peoples of Russia in a strong unified state, rather than only ethnic Russians. As it is a multi-ethnic state, Russian ethnic nationalism can obstruct Putin’s attempts at portraying strength through unity. The label “Putin’s brain” is only accurate sometimes.

    The Russian government uses Dugin when he is useful and separates itself from him when his extremism is inconvenient. Dugin is a tool who says many of the right things and facilitates Kremlin goals. His endorsement of Trump should be seen in its context: Russia attempting to strengthen itself at the expense of the US.

    Kevin Riehle 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. ‘Putin’s brain’: Aleksandr Dugin, the Russian ultra-nationalist who has endorsed Donald Trump – https://theconversation.com/putins-brain-aleksandr-dugin-the-russian-ultra-nationalist-who-has-endorsed-donald-trump-253466

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Commemorative activities for VE Day and VJ Day in Portsmouth

    Source: City of Portsmouth

    A series of activities and events will be held in Portsmouth to honour veterans and engage residents in commemorating the 80th anniversary of Victory in Europe (VE) Day on 8 May 1945 and Victory over Japan (VJ) Day on 15 August 1945.

    These events, organised by Portsmouth City Council, aim to keep history alive and promote civic pride and historical awareness as the number of living WWII veterans decreases and help to ensure the city is a welcoming, vibrant, and inclusive place in which to live, work, and visit.

     Commemoration activities:

    • Multi-faith service will be held on 4 May 2025, 11:00am at Governor’s Green, Portsmouth, followed by a wreath-laying ceremony at sea to honour the sacrifices made during WWII.
    • Exhibition at Portsmouth History Centre, Central Library to feature local WWII images with interactive engagement and also temporary plaques on lampposts across the city.
    • Victory in 80 Objects, is an online exhibition created and led by the D-Day Story Museum, in national partnership with six leading military museums, showcasing 80 WWII victory-related objects and their stories.
    • WWII veterans’ interviews will be shared by The D Day Story Museum, providing a personal and poignant insight into the experiences of those who lived through the war.
    • VE Day event at The D Day Story will be held on 11 May to offer an immersive experience for visitors to learn about and celebrate VE Day, including re-enactments, activities, and military vehicle exhibitions.

    Leader of the council, with responsibility for culture, Cllr Steve Pitt said: “We’d like to invite all residents to join us in commemorating the 80th anniversary of VE Day and VJ Day, and to take part in these activities. We’re proud to host events like these, to honour veterans, engage the community, and promote civic pride and historical awareness”.

    Residents are invited to contribute to the meaningful exhibition at Portsmouth History Centre by sharing their WWII and V-E Day photographs. You can take your photos to the Portsmouth History Centre at the Central Library for copying, or by emailing them to portsmouthhistorycentre@portsmouthcc.gov.uk. Your contributions will play a vital role in preserving and celebrating our shared history.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Priorities for the CAA within the uncrewed aerial system (UAS) sector

    Source: United Kingdom – Government Statements

    Correspondence

    Priorities for the CAA within the uncrewed aerial system (UAS) sector

    Government’s expectations for how the Civil Aviation Authority (CAA) will prioritise work within the uncrewed aerial system (UAS) sector.

    Documents

    Priorities for the CAA within the uncrewed aerial system (UAS) sector

    Request an accessible format.
    If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email webmasterdft@dft.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

    Details

    Letter from the Minister for Aviation, Maritime and Security and Minister of State for Science, Research and Innovation to the Chief Executive of the Civil Aviation Authority (CAA). The letter sets out expectations for how the CAA will prioritise growth in the uncrewed aerial system (UAS) sector.

    These expectations are within the work programme that the Department for Transport has agreed to grant to the CAA for 2025 to 2026.

    Updates to this page

    Published 1 April 2025

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    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Breaking AI to Make it Better: DASA’s investment in the future of AI assurance

    Source: United Kingdom – Executive Government & Departments

    Case study

    Breaking AI to Make it Better: DASA’s investment in the future of AI assurance

    Advai, an AI focussed SME, is leading the way in military and commercial AI safety.

    How DASA and Dstl funding helped Advai become an AI Safety Leader

    • DASA’s and Dstl’s investment helped Advai build the UK’s first dedicated AI assurance capability before the generative AI boom
    • Advai’s solutions range from physical patches that degrade AI computer visions systems, to a system which can automatically retrain AI models out in the field
    • Advai’s evolution saw them develop into a UK leader in military and commercial AI safety, influencing national policy and standards

    When AI assurance saves lives

    Artificial Intelligence (AI) is revolutionising modern life and with the boom of large language models (LLMs) and generative AI, its impact on defence and security is growing more each day. Yet as militaries worldwide rush to implement AI systems, an equally crucial challenge emerges: how to protect them.

    Understanding the challenge

    Advai’s CEO David Sully, who brought public sector experience to this critical challenge, explains:

    Everyone was talking about AI unlocking value, but nobody was asking what happens when AI goes wrong and why it does so.

    AI systems need rigorous examination to understand exactly when and how they might fail. This insight led to Advai’s simple but powerful mission: “We don’t make AI – we break it.”

    Advai’s early vision: Adversarial AI

    Beginning in 2020, DASA recognised the strategic importance of AI assurance and funded Advai through multiple innovative projects, starting with the development of Adversarial AI attack and defence methods for Computer Vision and Natural Language Processing (NLP).

    What exactly is Adversarial AI? Adversarial AI involves finding ways to make AI systems fail or produce incorrect outputs, essentially “breaking” AI to understand its vulnerabilities. Similar to testing safety equipment – before trusting it, you need to know exactly under what conditions it might fail.

    Advai’s initial projects aimed to develop methods of confusing AI while being undetected by humans. Such tools are invaluable for identifying weaknesses in any AI systems.

    Adversarial AI in defence: Physical patches

    Building on their expertise, Advai embarked on another project alongside the Defence Science and Technology Laboratory (Dstl) to develop Physical Adversarial Patches to manipulate computer vision systems. This innovative technology uses printable patterns capable of disrupting AI recognition systems. David Sully explains:

    We can apply a filter so an object is labelled as something completely different, or disappear entirely. An automated AI-based drone might read a van as a tree or fail to detect a vehicle entirely.

    Advai are just completing a second phase of this work, directly with Dstl, to significantly advance the concept of adversarial patterns. Significantly, says Sully:

    We can create an adversarial texture on a ‘blackbox’ as well as ‘whitebox’ basis. Additionally, the textures can be optimised to be visually similar to existing patterns, avoiding the problem of creating visually-jarring patches.

    Ahead of the curve

    When generative AI and large language models exploded onto the scene in 2021, Advai was already deeply experienced in AI assurance and had a head start in understanding how these systems work. Their early work provided crucial insights that transferred directly to new challenges in language model security, Advai’s leadership notes:

    No one saw the generative AI explosion coming, but our focus on AI robustness gave us a huge advantage in understanding how to manage and assure these systems.

    Commercial impact

    From its defence origins, Advai has expanded to serve commercial customers needing to ensure their AI systems are trustworthy and secure. Some of their tools and achievements include:

    • Independent verification and benchmarking
    • Live monitoring systems for AI vulnerability detection
    • Automated stress testing procedures
    • Protection against private information extraction

    The company’s work has influenced national policy, and contributed to the Turing Institute’s framework for AI security, in-turn helping to raise political awareness about AI safety. Advai also acted as an examiner for the Defence Cyber Marvel 2024 competition, organised by the Army Cyber Association.

    The future of AI safety and DASA’s crucial role

    Today, Advai stands at the forefront of AI assurance, planning to strengthen their defence sector credibility while promoting a “safety-first, not safety-last” approach. Their roadmap includes greater commercialisation using their scalable platform. But this evolution comes with challenges. Advai CEA, David Sully emphasises:

    Most of the world’s leading AI research is happening in the private sector behind closed doors rather than in universities. For AI assurance to have a chance of keeping up, companies like Advai need support from stakeholders like DASA to help ensure the UK has a domestic capability in AI safety.

    Advai is a demonstration of what is achievable by DASA. We have created a genuinely world-leading AI company, working across UK defence and security. As we expand, Advai is increasingly enabling and protecting critical commercial companies. Our ambition is for Advai to be the biggest player in AI Assurance, generating the most advanced IP and technology as a sovereign UK entity, all of which can be traced back to this initial funding and support.

    Advai’s adversarial AI expertise was highlighted when they demonstrated their technology to Secretary of State for Defence, John Healey and Chancellor, Rachel Reeves during a visit to Wellington Barracks, Westminster on 26 March 2025.

    The Secretary of State for Defence John Healey (left), Chief of the Defence Staff Admiral Tony Radakin (centre) and the Chancellor of the Exchequer Rachel Reeves (right), visit Wellington Barracks in London.

    The road ahead

    As AI technology continues to evolve, so do its potential vulnerabilities. The problems and adversaries keep changing, requiring AI safety to evolve just as quickly. Advai’s journey from research to commercial success demonstrates how early government investment in critical technologies can create lasting national capabilities. Their story shows that in the race to develop artificial intelligence, ensuring its trustworthiness and security is just as important as advancing its capabilities. Sully concludes:

    The world is still coming to terms with generative AI and LLMs, let alone generative AI assurance. But thanks to DASA’s early vision, we’re ready to meet these challenges and ensure that as AI becomes more powerful, it also becomes more trustworthy.

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI: Societe Generale offer to purchase certain of its debt securities

    Source: GlobeNewswire (MIL-OSI)

    SOCIETE GENERALE OFFER TO PURCHASE CERTAIN OF ITS DEBT SECURITIES

    Press release

    Paris, April 1, 2025

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

    Societe Generale announces today the launch of an offer to purchase for cash (the “Offer”) any and all of its outstanding Undated Deeply Subordinated Resettable Interest Rate Notes (the “Notes”), upon the terms and subject to the conditions set forth in the offer to purchase dated April 1, 2025 (the “Offer to Purchase”) and the related notice of guaranteed delivery.

    The following table sets forth the Notes subject to the Offer and the key economic terms of the Offer:

    CUSIP No. ISIN Title of Security Principal Amount Outstanding Amount to be Accepted Tender Offer Consideration
    83368J FA3 F43628 B41 US83368JFA34 USF43628B413 Undated Deeply Subordinated Resettable Interest Rate Notes (the “Notes”) $1,250,000,000 Any and all $1,007 (1)

     (1)   The amount to be paid for each $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase, excluding accrued and unpaid interest.

    The Offer will commence on April 1, 2025 and will expire at 5:00 p.m. (New York City time) on April 7, 2025 unless it is extended or terminated by Societe Generale. The expected guaranteed delivery date is 5:00 p.m. (New York City time) on April 9, 2025. The deadlines set by any intermediary may be earlier than the above deadline.

    Consideration for Notes validly tendered and not validly withdrawn and accepted for payment pursuant to the Offer is $1,007 per $1,000 principal amount of Notes. In addition, Societe Generale will pay all accrued and unpaid interest on the Notes purchased pursuant to the Offer up to, but not including, the settlement date.

    The purpose of the Offer is to efficiently manage Societe Generale’s regulatory capital while providing liquidity to Holders.

    The Notes are governed by English law, which, following the UK’s withdrawal from the European Union, has become a third country law. Because the Notes do not include a contractual recognition of bail-in clause, the Notes will cease to qualify as Additional Tier 1 on June 28, 2025.

    If any Notes remain outstanding after the consummation of the Offer, Societe Generale intends to consider future optional redemption rights in respect of the Notes in accordance with their terms and conditions, including pursuant to condition 8.3 “Redemption upon the occurrence of a Capital Event” for which it has received the European Central Bank’s permission. Any future decision by Societe Generale to redeem the Notes then outstanding will be made on an economic basis, considering current and future regulatory value, relative funding cost, rating agency considerations, and having regard to the prevailing circumstances at the relevant time.

    With respect to the other notes issued by Societe Generale and governed by English law listed below, which will cease to qualify as Tier 2 on June 28, 2025, Societe Generale intends to consider future optional redemption rights in accordance with their terms and conditions, including pursuant to condition 7.2 “Redemption upon the occurrence of a Capital Event” and condition 6(c) “Redemption upon the occurrence of a Capital Event with respect to Subordinated Notes”, as the case may be:

    • USD 1,000,000,000 Subordinated 4.750% Notes due November 24, 2025 (144A ISIN: US83367TBR95, RegS ISIN: USF8586CBS01)
    • AUD 150,000,000 4.875% Subordinated Tier 2 Notes due October 13, 2026 (ISIN: XS1503159219)
    • EUR 70,000,000 fixed rate resettable callable Subordinated Tier 2 Notes due October 21, 2026 (ISIN: XS1308623658)

    Societe Generale and SG Americas Securities, LLC are acting as Dealer Managers for the Offer, and D.F. King Ltd. is acting as Tender and Information Agent. For detailed terms of the Offer, please refer to the Offer to Purchase which, subject to offer and distribution restrictions, can be obtained from the Dealer Managers and the Tender and Information Agent. Questions regarding the Offer may be directed to the Dealer Managers and the Tender and Information Agent at the contact details set forth below:

    D.F. King Ltd.
    Email: SGCIB@dfkingltd.com
    Offer Website: https://clients.dfkingltd.com/sgcib

    In New York

    48 Wall Street, 22nd Floor
    New York, New York 10005
    United States of America

    Banks and Brokers, Call Collect: (212) 269 5550

    All others, Call Toll-Free: (800) 848-2998

    In London

    51 Lime Street
    London EC3M 7DQ
    United Kingdom

    Tel: +44 20 7920 9700

     
    Societe Generale

    17, cours Valmy

    BP 18236

    92987 Paris la Défense Cedex

    France

    Tel: +33 (0)1 42 13 32 40

    Email: liability.management@sgcib.com

    SG Americas Securities, LLC

    245 Park Avenue

    New York, New York 10167

    United States

    Tel: + 1 (212) 278-7631

    Toll-Free: 1 (855) 881 2108

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com

    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release includes statements that constitute forward-looking statements. Such statements can be understood through words and expressions like “will,” “expect,” “project,” “anticipate,” “should,” “intend,” “probability,” “risk,” “target,” “goal,” “objective,” “estimate,” “future,” “commitment,” “commit,” “focus,” “pledge” and similar expressions. They include, but are not limited to, statements regarding the conduct and completion of the Offers. However, risks, uncertainties and other important factors may lead to developments and results that differ materially from those anticipated, expected, projected or assumed in forward-looking statements, including those discussed in the Offer to Purchase under the heading “Risk Factors” and under similar headings in other documents that are incorporated by reference into the Offer to Purchase. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release, and Societe Generale undertakes no obligation to update or revise any forward-looking statements, regardless of new information, future events or otherwise, except as required by applicable law.

    Offer Restrictions
    This press release does not constitute an offer to buy or the solicitation of an offer to sell Notes, and tenders of Notes for purchase pursuant to the Offer will not be accepted from Holders in any circumstances in which such offer or solicitation is unlawful, including under applicable securities or “blue sky” laws.

    United Kingdom
    The communication of the press release and any other documents or materials relating to the Offer is not being made, and such documents and/or materials have not been approved, by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. This electronic transmission is made only to, or directed only at (1) those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”)), (2) those persons falling within Article 43(2) of the Financial Promotion Order, including existing members and creditors of the Societe Generale, or (3) any other persons to whom it may otherwise be lawfully made under the Financial Promotion Order (together being referred to as “relevant persons”), and must not be acted on or relied upon by persons other than relevant persons. Any investment activity referred to in this communication is available only to relevant persons and will be engaged in only with relevant persons.

    Republic of Italy
    None of the Offer, this press release or any other documents or materials relating to the Offer have been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa (CONSOB) pursuant to Italian laws and regulations and therefore the Offer may only be made or promoted, directly or indirectly, in or into the Republic of Italy as exempted Offer pursuant to Article 101-bis, paragraph 3-bis of Legislative Decree no. 58 of February 24, 1998, as amended (the “Financial Services Act”) and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of May 14, 1999, as amended.
    Holders or beneficial owners of the Notes that are resident and/or located in the Republic of Italy can tender Notes for purchase in the Offer through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of 15 February 2018, as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB, the Bank of Italy or any other Italian authority.
    Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes or Societe Generale or this press release or any other documents or materials relating to the Offer.

    European Economic Area
    This press release does not constitute a prospectus for the purposes of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the “Prospectus Regulation”) and has not been approved, filed or reviewed by the Commission de surveillance du secteur financier (“CSSF”) in Luxembourg, nor has the CSSF issued any report regarding the accuracy or adequacy of this press release.
    In any European Economic Area Member State (each, a “Relevant State”), this press release is only addressed to and is only directed at qualified investors in that Relevant State within the meaning of Article 2(e) of the Prospectus Regulation.
    This press release has been prepared on the basis that the Offer in any Relevant State will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus.
    Each person in a Relevant State who receives any communication in respect of the Offer contemplated in this press release will be deemed to have represented, warranted and agreed to and with each Dealer Manager and Societe Generale that it is a qualified investor within the meaning of Article 2(e) of the Prospectus Regulation.

    Attachment

    The MIL Network

  • MIL-OSI Europe: François-Louis Michaud’s term as EBA Executive Director renewed by the Board of Supervisors

    Source: European Banking Authority

    On 25 March 2025, the Board of Supervisors of the European Banking Authority (EBA) renewed the mandate of François-Louis Michaud as EBA’s Executive Director for a second five-year term, until end-August 2030. The decision was based on the evaluation of his work during his first term of office, as well as on the Authority’s duties and requirements over the next five years.

    Jose Manuel Campa, the Chairperson of the EBA, stated:

    “I would like to congratulate François-Louis on this extension which is the result of an impressive first mandate where he ensured that the EBA was able to deliver consistently on its work programme whilst driving the EBA transformation into a modern organisation, ready to face its future challenges. I am convinced that François-Louis will continue to lead the EBA with the commitment, dedication and vision he has shown in the last four years and a half.”

    François-Louis Michaud stated:

    “I am honoured by the continued trust from EBA’s Board of Supervisors. I look forward to building upon recent years’ efforts to enhance our organisation so that it can tackle its evolving responsibilities and promote efficient and effective regulation and risk assessments.”

    Note to the Editors

    The Executive Director is in charge of the management of the EBA. He is responsible for preparing and implementing its work programme and budget, and manages staff matters.

    François-Louis Michaud previously held senior positions at the European Central Bank, the Bank for International Settlements and Banque de France. 

    MIL OSI Europe News

  • MIL-OSI Europe: Personal Representative of the OSCE Chairperson-in-Office on Combating Discrimination appointed

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

    Headline: Personal Representative of the OSCE Chairperson-in-Office on Combating Discrimination appointed

    HELSINKI, 1 April 2025 – OSCE Chairperson-in-Office, Finnish Minister for Foreign Affairs Elina Valtonen has appointed Wolfgang Palaver as Personal Representative of the OSCE Chairperson-in-Office on Combating Discrimination.
    Representative Wolfgang Palaver (Austria) will focus on combating Rasism, Xenophobia and Discrimination, also focusing on Intolerance and Discrimination against Christians and Members of Other Religions. In this role, he will follow Regina Polak, who stepped aside in February 2025.
    In addition to Palaver, the other Personal Representatives on Combating Discrimination are Andrew Baker (Anti-Semitism) and Evren Dağdelen Akgün (Discrimination against Muslims).
    Read more about Special Representatives of the OSCE Chairperson-in-Office: Chairperson-in-Office Representatives | OSCE

    MIL OSI Europe News

  • MIL-OSI United Kingdom: High Sheriff awards held in Stoke-on-Trent to honour city’s Centenary

    Source: City of Stoke-on-Trent

    Published: Tuesday, 1st April 2025

    The High Sheriff’s awards – recognising acts of bravery, courage and selflessness – were held in Stoke-on-Trent this year to help put the spotlight on the city during its Centenary year.

    Thirty-seven extraordinary individuals and organisations from across Staffordshire received an award last week (Thursday, March 27) from the High Sheriff of Staffordshire, Julia Mitchell.  

    Award recipients included the Fenton Doers – co-ordinated by the city’s Lord Mayor, Councillor Lyn Sharpe. The Doers plan events, organise transport for people who are unable to get to the hospital, decorate the town’s Albert Square and more.  

    Other organisations based in Stoke-on-Trent, included: 

    Award winners and their guests also met Sir Ian Dudson, the Lord-Lieutenant of Staffordshire.  

    Mrs Mitchell said: “It’s been a memorable year. I’ve been profoundly impressed by the extraordinary people I’ve been privileged to meet across Staffordshire.    

    “So many individuals, volunteers and organisations have gone way above and beyond in the course of their duties. I wish to recognise what they do, and applaud those achievements with honour.   

    “Staffordshire is a county where so many people show compassion, kindness, and goodwill from the heart. They are the genuine unsung heroes who go about their volunteering and occupations throughout the year for the good of our communities. 

    This event was a chance to show them how we appreciate what they do for us. 

    “And to host the Awards Ceremony in Stoke-on-Trent’s magnificent Jubilee Hall has added even greater sparkle, as we celebrate our City’s glorious Centenary.” 

    The Lord Mayor of Stoke-on-Trent, Councillor Lyn Sharpe said: “We were absolutely delighted that the High Sheriff chose to hold these awards in Stoke-on-Trent during our milestone 100th anniversary year. As Lord Mayor of this incredible city, I couldn’t be prouder. Having lived here all my life, I truly love Stoke-on-Trent, and it’s fantastic to see us showcasing what makes our community so special. 

    “These awards celebrate the individuals and organisations that make our city and the county of Staffordshire such a wonderful place to live, work, and visit.” 

    “Of course, it’s an honour for the Fenton Doers to be recognised for our work. If it needs doing in Fenton, we get it done. It’s also fantastic to see Emmaus North Staffs – one of my chosen charities – and all the other outstanding people and organisations recognised for the brilliant work they do across the city and county. These awards truly shine a light on the very best of Staffordshire.” 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Import of certain products from Austria, Hungary, Slovakia, and Germany suspended01 April 2025 The States Veterinary Officer has suspended the import of certain products from Austria, Hungary, Slovakia, and parts of Germany, following outbreaks of Foot and Mouth Disease. Fresh meat, dairy… Read more

    Source: Channel Islands – Jersey

    01 April 2025

    The States Veterinary Officer has suspended the import of certain products from Austria, Hungary, Slovakia, and parts of Germany, following outbreaks of Foot and Mouth Disease.

    Fresh meat, dairy products, animal-by products, and live susceptible animals from Austria, Hungary, Slovakia, or the ‘Foot and Mouth Disease (FMD) restricted zones​’ in Germany must not be imported into Jersey. 

    Reminder ahead of the Easter Holidays: 

    Individuals can only bring certain products of susceptible animals from the EU (excluding Austria, Hungary, Slovakia, and parts of Germany), EFTA states, the Faroe Islands and Greenland into Jersey for personal consumption. 

    Products* brought in from these countries must: 

    • have been produced and packaged to EU commercial standards and weigh no more than 2kg per person
    • bear an identification or health mark, or commercial labelling if it is an animal by-product, to evidence it is commercially produced. 

    *This applies to fresh meat, meat products, milk, milk products, and animal by products of susceptible species. 

    Individuals must not bring any of the listed products from Austria, Germany, Hungary and Slovakia into Jersey for personal consumption, including commercially produced and packaged. 

    For more info, visit: Gov.je

    The States Veterinary Officer, Susana Ramos, said: “The suspension aims to protect the Island’s livestock, following the reported outbreak of Foot and Mouth Disease in livestock in Austria, Germany, Hungary, and Slovakia. There are no known cases in Jersey. “Islanders are to be reassured that Foot and Mouth Disease is not a risk to humans. However, it is a severe contagious viral disease in livestock including cattle, sheep, goats, and pigs -those with a cloven-hoof. 

    “The Animal Health and Welfare team continue to monitor the situation to determine whether any further restrictions will be necessary.”​

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Installation of Covid Memorial art trail gets underway

    Source: Scotland – City of Edinburgh

    Work is now underway on the creation of a Covid memorial art trail in the Wardie Bay area of Edinburgh, designed to honour the experiences and resilience of the local community during the pandemic.

    The art trail along McKelvie Parade is intended to arouse curiosity and invite those using the space to pause and be present.

    The project, funded entirely by the Scottish Government and Greenspace Scotland through the Remembering Together initiative, is part of a national effort to reflect the diverse impacts of Covid across Scotland’s 32 local authorities. Across Scotland, local communities have engaged with commissioned artists and creative organisations to develop unique memorials that capture the collective and individual experiences of the pandemic.

    For Edinburgh, Greenspace Scotland has been working in collaboration with artist Skye Loneragan, supported by Artlink and the City of Edinburgh Council. The project has explored experiences of the pandemic, with the goal of highlighting the challenges faced by disabled people, while also celebrating their resilience and potential.

    Culture and Communities Convener Val Walker, said:

    Creating this Covid memorial pathway in Wardie Bay is an important step in acknowledging the shared experiences and challenges faced by our communities during the pandemic. This project provides a meaningful space for reflection for us all, and particularly for individuals with learning disabilities and their carers, who were disproportionately affected. Through collaboration with local artists and community groups, we are ensuring that these voices are not only heard but commemorated. This pathway will stand as a testament to the resilience, compassion, and strength shown by all during those difficult times.

    During Phase 1 of the project Skye, supported by artist Stewart Ennis collaborated with participants from the Maple Project and Lung Ha Theatre and reached out to the wider community through public interventions on the Granton Western Breakwater (Wardie Jetty). Participants were invited to share their memories, thoughts, and feelings about the pandemic and to develop ideas around how we process loss and create spaces for people to come together and reflect.

    The creative process focused on making sure the final art trail design was relevant, inclusive, and reflective of the varied experiences of the community. Concepts that emerged during the engagement phase include themes such as “getting away from it all but having somewhere to come back to,” “the tidal flow of the pandemic,” and “making hard things soft and rough things smooth.”

    The art trail at McKelvie Parade is a combination of several interventions along the route that arouse curiosity and invite those using the space to pause and be present. Art pieces have been created to reflect the tidal flow of the pandemic and include Leith West breakwater stones inscribed with words people told artists they would gift themselves if there were another pandemic (cash, giggles, music). The trail is book-ended by halved stone boulders placed apart and includes a smoothed patch of stone seawall with the invitation ‘Lean on me’, poetry at the entrance to the Bay, a Someone Missing bench co-created with a wheelchair user who described feeling held if there were grooves in the pavement, and a Something Missing Half with 2m distanced Stone seed. The trail includes twin milestone plaques that describe Time as a Feeling, and Distance as a relationship to friends and family.

    Lead artist Skye Loneragan said:

    Processing loss is so important. Covid often kept us (and still keeps many of us), at a distance with those we loved and might have been losing, or parts of ourselves we lost, or something and somewhere we love and might be unable to reach. This project deliberately seeks to work with people whose experiences are often excluded and I am always interested in how we can nurture our collective sanity, together, our interconnected well-being, through the huge diversity of life experiences that make up what is.

    Construction is expected to be complete by Friday 4 April.
     
     

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Free and low-cost 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.

    As well as sessions to make Easter cards and spring bonnets at the city’s libraries, this year there’s an opportunity for youngsters to take part in something truly unique.

    Celebrated visual artist Olivier Grossetête will be creating an enormous cardboard reconstruction of the entrance to Leicester’s Roman forum for the city’s Old Town Festival – but he needs local families to help him build it.

    From Easter Monday (21 April) until Friday 25 April, the artist will lead a series of free workshops at the Highcross shopping centre, where those aged nine and over 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.

    There will also be face-painting and a dressing-up booth for young festival-goers, while a fearsome dragon will be on the loose in Cathedral Gardens, alongside stilt-walking jesters, magical wizards and a trio of clumsy knights.

    The Haymarket shopping centre will be going Roman too, with lots of free activities taking place in the Easter holidays – including a free family event on Thursday 24 April that will feature a walkabout dragon, mosaics and toga-making.

    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

    Away from the Romans, there’s plenty of holiday fun for young children to enjoy during the school break.

    There are free creative activities at venues across the Cultural Quarter on Saturday 12 April, including the chance to perform at Curve, make a movie at the LCB Depot or have a go at printmaking at the Leicester Print Workshop. Suitable for those aged 10 and under, CQ Earlies runs between 12 noon and 4pm.

    The Kingfisher Youth & Community Centre on the Saffron estate is hosting a Safer Saffron Community Day on Monday 14 April, 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 on Monday 14 April, when youngsters will be able to decorate wooden eggs, bunnies and Easter bonnets. The same day, 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).

    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).

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

     

    ends

    MIL OSI United Kingdom

  • MIL-OSI Europe: Christine Lagarde: The transformative power of AI

    Source: European Central Bank

    Welcome address by Christine Lagarde, President of the ECB, at the ECB conference on “The transformative power of AI: economic implications and challenges” in Frankfurt, Germany.

    Frankfurt, 1 April 2025

    It is a pleasure to welcome you to our conference on the transformative power of AI.

    In the early stages of a new technological breakthrough, it is often hard to discern fact from fiction. We struggle to imagine the ways in which the new technology will be used. And even if we predict the direction of technological change correctly, we rarely get the timeline or the size of the impacts right.

    Today, we sometimes hear claims that AI is improving so fast that we are only a few years away from the nature of work being radically reformed. But we also hear arguments that the same barriers that slowed down the adoption of all past technologies will also delay AI adoption.

    I cannot claim to know which vision will prove to be correct. But the early evidence is promising and, in my view, we must act on the basis that we are facing an economic revolution. This attitude will be particularly important here in Europe.

    On this side of the Atlantic, we are still paying the price for having been too slow to capitalise on the last major digital revolution, the internet. The tech sector explains around two-thirds of the productivity gap between the EU and the United States since the turn of the century.

    And now we are faced with a technology that can improve its own performance through self-learning mechanisms and feedback loops, enabling even more rapid advances and innovations. The risks of underestimating the potential of AI, and falling behind again, are simply too great to be ignored.

    What’s more, we are facing a new geopolitical environment in which we can no longer be sure that we will have frictionless access to new technologies developed overseas. This new reality strengthens the case for Europe to establish itself at the technological frontier.

    There are two main areas where we should expect, and prepare for, major changes in the economy.

    The first is productivity.

    We can already see the productivity effects of AI in sectors like the US tech sector, where output is expanding while employment is falling.[1] But we are still in the early phase of the “productivity J-curve”, where new technologies diffuse to the wider economy and are reflected in GDP.

    As such, estimates about the productivity gains of AI vary widely – but even at the lower end they would be a game changer for Europe.

    One widely accepted methodology estimates that the euro area could see a boost to total factor productivity (TFP) of around 0.3 percentage points per year over the next ten years.[2] Compare that with the past decade, when annual TFP growth averaged just 0.5%.

    Other estimates point to much larger gains, with productivity expected to grow 1.5 percentage points faster annually if AI is widely adopted over the next decade.[3]

    Whether Europe can achieve such productivity gains will depend on whether we can improve the environment for AI innovation and diffusion.

    This comes down to funding, regulation and energy.

    As I have been arguing for some time, Europe’s relatively small venture capital ecosystem is a major hindrance to building foundational models in the EU.[4] Between 2018 and 2023, around €33 billion was invested in AI companies in the EU, compared with more than €120 billion in their US peers.[5]

    Building and developing this technology also requires considerable investment in data centres, and the EU currently has around 4 times fewer dedicated sites than the US.[6]

    At the same time, ECB research finds that regulation and a lack of institutional quality are particularly detrimental to the expansion of high-tech sectors relative to more mature technologies. Investing in radical technologies is highly risky and needs a different set of framework conditions.[7]

    The adoption of AI, for example, depends on access to data pools to train models, which requires smart regulation to avoid data fragmentation while ensuring data protection. It also requires good institutions as, for instance, effective legal systems are needed to defend a non-patentable asset like a set of AI prompts.

    Our research shows that if the EU’s average institutional delivery were raised to the level of best practice, AI-intensive sectors would see their share in investment rise by more than 10 percentage points.[8]

    Finally, unless we see major breakthroughs in efficiency, Europe’s energy supply constraints could pose a challenge to the diffusion of AI through the economy in the future.

    The power consumption of data centres is expected to triple in Europe by the end of the decade.[9] AI training and inference is extremely energy-intensive.[10] And this surge in demand comes at a time when the green transition is also increasing the demand for electricity, for example for charging battery electric vehicles.

    There is now a clear policy agenda in Europe to address these barriers. It is widely recognised that we need to build a savings and investment union to jump-start European venture capital, that we must simplify complex digital regulations and improve permitting speeds, and that we have to massively increase investment in data centres, fibre-optic networks and electricity grids.

    But for Europe to make the most of the AI revolution, how the productivity gains from AI are harnessed also matters. Labour productivity can be increased either by reducing labour inputs relative to outputs, or by raising outputs relative to inputs. The employment implications of each route are vastly different.

    This brings me to the second area of major change: the effect of AI on labour markets.

    According to ECB research, between 23% and 29% of workers in Europe are highly exposed to AI.[11] This does not necessarily herald a “job apocalypse”. It is reasonable to expect that AI will follow historical patterns by displacing some jobs while creating new one.[12]

    But there are two new questions that this technology poses.

    First, will the pace of technological change be faster than in previous transitions? This question is critical for Europe, as our social model and traditionally high levels of job protection make it hard to see how a transition that leads to massive job reallocations could avoid a major backlash.

    The key factor will be whether AI leans more towards job displacement via its “automation potential”, or towards changes in the nature of work via its “augmentation potential”. In the augmentation scenario, workers will still need to adapt to changing roles and tasks, but the transition will likely be easier.

    Recent research by the ILO finds that only a small share of jobs – around 5% in advanced economies – meet the criteria for high automation. But a much larger share – over 13% – meet the criteria for high augmentation.[13]

    The second question is about the distribution of gains.

    Early studies suggested that AI could increase the productivity of lower-skilled workers the most.[14] But newer studies looking at more complex tasks – like scientific research[15], running a business[16]and investing[17]– tell a different story. High performers benefit disproportionately and, in some cases, less productive workers see no improvements at all.

    So even if AI augments more than it automates, we are likely to see an increase in labour market inequality. Demand for higher-skilled workers who can use AI most effectively will rise, while those less able to learn new skills could suffer.

    All told, I do see a path for Europe to adopt AI without fracturing its social model. But it will require massive complementary investments in skills to prevent a rise in inequality.

    Crucially, this will not require everyone to become coders, which would probably set the bar too high. According to the OECD, most workers who will be exposed to AI will not need specialised AI skills to get ahead in their careers.

    In fact, the most sought-after skills in highly exposed jobs will be linked to management and business – skills that many people have the capacity to learn.[18]

    The CEO of Anthropic, Dario Amodei, has described the potential capabilities of AI as being like “a country of geniuses in a data centre”.[19] If this proves to be correct, it is both an awesome prospect for humanity and a daunting one for individual workers.

    I believe we must act today, and especially in Europe, with the mindset that this future will likely come to pass. We must remove all the barriers that will prevent us from being at the forefront of this revolution.

    But we must also prepare for the human and climate impacts of this transition, and we need to start now.

    I trust that this conference will generate the ideas we need to move forwards.

    MIL OSI Europe News

  • MIL-OSI: FDCTech Reports Over 111% Revenue Growth in Fiscal Year 2024, Driven by Full-Year Contributions from Strategic Acquisitions

    Source: GlobeNewswire (MIL-OSI)

    Robust Revenue Expansion Across All Business Segments – Investment and Brokerage, Wealth Management, and Technology Solution. 

    Irvine, CA, April 01, 2025 (GLOBE NEWSWIRE) — FDCTech, Inc. (“FDC” or the “Company,” PINK: FDCT), a fintech-driven firm specializing in acquiring and scaling small to mid-size legacy financial services companies, today announced audited results for the fiscal year ending December 31, 2024.

    Full Year Highlights: FY 2024 vs. FY 2023

    • Total Revenues: $26.94 million in FY 2024, up from $12.75 million in FY 2023 – an increase of 111.24% due to the consolidation of Alchemy Markets Ltd. (AML) and Alchemy Prime Ltd. (APL) for the full 2024 fiscal year, which contributed significantly to revenue expansion.
    • Net Profit: $80,027 in FY 2024 compared to a net profit of $1.57 million in FY 2023 – a higher profit in FY 2023 was mainly due to non-recurring sales in the third quarter ending December 31, 2023.
    • Gross Profit: $12.04 million in FY 2024, up from $8.88 million in FY 2023 – an increase of 92.73% due to the consolidation of AML and APL for the full 2024 fiscal year, which contributed significantly to the increase in gross profit.
    • Cash Position: $24.78 million as of December 31, 2024.
    • Working Capital Surplus: $9.42 million in FY 2024 compared to $7.46 million in FY 2023, an increase of 21.94%.

    Performance by Segement

    Investment and Brokerage

    • Revenue surged to $18.80 million in FY 2024, compared to $5.02 million in FY 2023 – an increase of 274.86% due to the consolidation of AML and APL for the full 2024 fiscal year, which contributed significantly to revenue expansion.

    Wealth Management

    • Revenue increased to $6.50 million in FY 2024 from $5.93 million in FY 2023 – an increase of 9.63%.

    Technology & Software Development

    • Revenue of $1.64 million in FY 2024 compared to $1.81 million in FY 2023 – a decrease of 9.35% as the Company focused its time and effort on integrating its technology in its subsidiaries.

    Strategic and Operational Highlights

    • Successfully integrated full-year financials from AML and APL following 2023 acquisitions.
    • AML acquired over 2,361 clients from Next Markets and 35 clients from a Cypriot broker, expanding its presence in the EU.
    • AML secured authorization in terms of article 6 of the Investment Services Act, Chapter 370 of the Laws of Malta, to offer equities and money market securities, enabling the Company to provide stocks and interest-yielding products.
    • Launched new offices in Cyprus, Malta, and the UK.
    • Ongoing development of the Condor Investing & Trading App, slated for commercialization in late 2025.

    The management is proud of the transformative growth achieved in the fiscal year 2024. With a strong capital position, scalable platform, pipeline of upcoming acquisitions, and growing international footprint, the Company is well-positioned to deliver sustained value to shareholders and clients alike in the 2025 fiscal year and beyond.

    Please visit our SEC filings or the Company’s website for more information on the full results and management’s plan.

    FDCTech, Inc.

    FDCTech, Inc. (“FDC”) is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Our clients include regulated and OTC brokerages and prop and algo trading firms of all sizes in forex, stocks, commodities, indices, ETFs, precious metals, and other asset classes. Our growth strategy involves acquiring and integrating small to mid-size legacy financial services companies, leveraging our proprietary trading technology and liquidity solutions to deliver exceptional value to our clients.

    Press Release Disclaimer

    This press release’s statements may be forward-looking statements or future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

    Contact Media Relations
    FDCTech, Inc.
    info@fdctech.com
    www.fdctech.com
    +1 877-445-6047
    200 Spectrum Center Drive, Suite 300,
    Irvine, CA, 92618

    The MIL Network

  • MIL-OSI: Turbo Energy’s SUNBOX Home All-In-One Energy Storage System Meets U.S.’s Highest Standards for Safety, Reliability and Performance

    Source: GlobeNewswire (MIL-OSI)

    Company Granted UL Certifications After Undergoing U.S.’s Most Demanding Testing and Evaluation Processes

    Company Advances U.S. Market Launch with Planned Installations in Five States

    VALENCIA, Spain, April 01, 2025 (GLOBE NEWSWIRE) — Turbo Energy, S.A. (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that it has completed one of the most rigorous safety certification processes in the United States and received Underwriters Laboratories (“UL”) 5500 and 9540 certifications for its innovative SUNBOX Home all-in-one solar energy storage system for residential applications. The UL certification mark is one of the most widely recognized product accreditations in the U.S. and is regarded a pre-requisite for permitting and insurance purposes. 

    Now available in the U.S., SUNBOX Home is a complete intelligent solar energy storage system powered by Turbo Energy’s patented AI algorithms and processes that allow homeowners to fully optimize the energy efficiency of their solar power panel installations

    Commenting on the mission critical milestone, Mariano Soria, Chief Executive Officer of Turbo Energy, stated, “This UL certification is one of the most important criteria in the permitting of new technologies for use in homes and businesses, affirming that our solutions meet rigorous safety standards and regulatory requirements. Moreover, with the award of these certifications, Turbo Energy is empowered to take a significant step forward in our Company’s expansion strategy aimed at penetrating and ultimately dominating the U.S. market for highly advanced, user-friendly solar energy storage solutions.”

    In collaboration with its U.S. partner Connection Holdings, Turbo Energy is in the process of launching SUNBOX Home in the U.S. with units already shipped stateside and initial residential installations being scheduled as part of the Company’s planned American beta initiative being conducted in California, Florida, Georgia, Louisiana and Texas.    

    SUNBOX Home is an all-in-one back-up solar energy storage solution for split phase installations, modular with energy storage capacity up to 20.48 kWh. Supported by Turbo Energy’s proprietary, cloud-based SaaS solution powered by Artificial Intelligence, SUNBOX Home users benefit from intelligent data collection, optimized stored energy management and predictive analytics which provide real-time insight into weather and electricity price forecasts, solar panel performance, energy consumption and material cost savings opportunities, among other key metrics.

    Underwriters Laboratories was established in 1894 and is the world’s largest non-profit product safety certification organization, with global name recognition and acceptance. Products intended to be used in homes and businesses must be listed by a Nationally Recognized Testing Laboratory (“NRTL”) such as Underwriters Laboratories which are accredited by the US Occupational Safety and Health Administration (“OSHA”). Turbo Energy teamed with Intertek Group, plc, one of the world’s leading total quality assurance providers, to manage its testing, inspection and certification processes, resulting in SUNBOX Home’s UL certification for safety, quality and performance.

    About Turbo Energy, S.A.

    Founded in 2013, Turbo Energy is a globally recognized pioneer of proprietary solar energy storage technologies and solutions managed through Artificial Intelligence. Turbo Energy’s elegant all-in-one and scalable, modular energy storage systems empower residential, commercial and industrial users expanding across Europe, North America and Latin America to materially reduce dependence on traditional energy sources, helping to lower electricity costs, provide peak shaving and uninterruptible power supply and realize a more sustainable, energy-efficient future. A testament to the Company’s commitment to innovation and industry disruption, Turbo Energy’s introduction of its flagship SUNBOX represents one of the world’s first high performance, competitively priced, all-in-one home solar energy storage systems, which also incorporates patented EV charging capability and powerful AI processes to optimize solar energy management. Turbo Energy is a proud subsidiary of publicly traded Umbrella Global Energy, S.A., a vertically integrated, global collective of solar energy-focused companies. For more information, please visit www.turbo-e.com.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    For more information, please contact:
    At Turbo Energy, S.A.
    Dodi Handy, Director of Communications
    Phone: 407-960-4636
    Email: dodihandy@turbo-e.com 

    Attachment

    The MIL Network

  • MIL-OSI Global: Planned blackouts are becoming more common − and not having cash on hand could cost you

    Source: The Conversation – USA – By Jay L. Zagorsky, Associate Professor Questrom School of Business, Boston University

    Are you prepared for when the power goes out? To prevent massive wildfires in drought-prone, high-wind areas, electrical companies have begun preemptively shutting off electricity. These planned shutdowns are called public safety power shutoffs, abbreviated to PSPS, and they’re increasingly common. So far this year, we’ve seen them in Texas, New Mexico and California.

    Unlike regular power failures, which on average last only about two hours while a piece of broken equipment is repaired, a PSPS lasts until weather conditions improve, which could be days. And these shutoffs come at a steep price. In 2010 alone, they cost California over US$13 billion. A 2019 analysis of shutoffs in Placer County, California, found that they harmed 70% of local businesses.

    I am a business school professor who studies how people pay for things, including during emergencies. As I point out in my new bookThe Power of Cash: Why Using Paper Money is Good for You and Society,” many people have abandoned paper money and switched to electronic payments such as credit cards and mobile apps. This can become a big problem during an emergency, since these systems need electricity to operate. The switch to electronic payments is making the world less resilient in the face of increasing numbers of major natural disasters.

    So if a public safety power shutoff strikes and you don’t have any cash, you may be doubly vulnerable. On the other hand, keeping cash can protect you – and not just you and your family, but also local businesses and your community. After all, keeping the economy moving during shutoffs reduces the financial damage they cause.

    Why do they keep turning off the power, anyway?

    It’s all about risk.

    The world has experienced a number of very destructive wildfires recently. In 2025, large parts of Los Angeles burned to the ground, with over 18,000 buildings destroyed or damaged. In 2023, wildfires in Hawaii killed over 100 people. Massive wildfires have also occurred recently in South Korea, Portugal and Australia.

    Governments, people whose houses burned and insurance companies are all looking for someone to blame and pay for the damage. Climate change, which is increasing the world’s average temperatures and drying out trees and grass, is setting the conditions. Since Mother Nature cannot be sued, utilities make handy scapegoats with deep pockets. Electrical utilities are sued because their power lines, transformers and other equipment often start blazes.

    So to prevent lawsuits as well as fires, power companies are increasingly turning off the power when the conditions are ripe for a catastrophic blaze. There’s no uniform set of standards for when to impose a shutdown, but in general, power companies do it when there are hot, dry and windy conditions. For example, a PSPS is triggered in Hawaii if there’s a drought, wind gusts are over 45 miles per hour and relative humidity is under 45%.

    Power shutoffs are a relatively new idea. They were proposed in California in 2008 and first allowed in 2012.

    Since then, power companies across the entire western U.S. from Texas to Hawaii have adopted these plans. Shutoff plans also stretch from southern border states such as Arizona to northern border states such as Idaho and Montana.

    Shutting off the power is a huge problem, since it causes massive disruption to communities. People depend on power to run medical equipment, work and keep communities safe. Even people with a desperate need for electricity, such as those on medical life support, are not immune to a safety shutoff.

    How to prepare for a PSPS

    As the world warms, the chance of being caught in a preemptive power shutoff increases. What can you do to minimize the impact?

    Having solar panels won’t protect you: Utilities shut off customers with solar panels to block those panels from pushing power onto the grid, since the whole goal is to shut off the grid. The only way for you to still have power is to buy a battery storage system and a transfer switch, which allows you to take your system completely off the grid. But this is very expensive.

    Getting a portable generator is only a partial solution for a multiday shutoff, since most last only six to 18 hours on a single tank of gas. Plus, generators run very hot, which creates its own fire risk.

    Another way to minimize the impact of both a power shutoff and a wildfire is to create a small disaster relief kit, or “go bag.” Creating one is relatively inexpensive. It should contain key items such as water, your medicines, some shelf-stable food – and importantly, some cash. Even some government websites forget to mention this.

    It’s also important to use paper money before a shutoff happens. I have all too frequently seen gas station attendants, supermarket checkout clerks and restaurant servers have no idea how to handle cash.

    Recently at my local supermarket, for example, I paid with a $20 bill. The cashier had to ask another employee which kinds of coins to use to make change. If people don’t know how to handle cash during normal times, it ceases to be useful during emergencies.

    As the world warms, public safety power shutoffs will occur more frequently. The shutoffs clearly highlight the trade-off between economic and social disruption versus preventing dangerous wildfires. These shutoffs show there are no easy solutions – only hard choices.

    There are a few sensible and easy steps to take to reduce the impact of these shutoffs. One is to understand that during one of the very moments you might really need to spend money, modern payment systems fail. Holding and frequently using old-fashioned cash is a simple and low-cost way to protect yourself and your family.

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

    ref. Planned blackouts are becoming more common − and not having cash on hand could cost you – https://theconversation.com/planned-blackouts-are-becoming-more-common-and-not-having-cash-on-hand-could-cost-you-253319

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Sir Martyn Oliver’s speech at the Guildhall

    Source: United Kingdom – Executive Government Non-Ministerial Departments 2

    Speech

    Sir Martyn Oliver’s speech at the Guildhall

    Martyn Oliver, Ofsted’s Chief Inspector, spoke to educational leaders from the City of London and further afield. He talked about the importance of education and how Ofsted’s inspection improvement proposals will drive ever higher standards for children.

    Thank you. It’s really wonderful to be here in the City, and to be talking about education.

    The square mile in which we stand has contributed so much to our nation’s history, values, and of course our economy.

    The power of education

    But, even that mighty influence, pales in comparison to the power of education. I’m sure you’re not surprised to hear that from a former teacher, headteacher, and the Ofsted Chief Inspector.

    In a world of difficult choices, or trade-offs and compromises, education is one of those rare things that can solve so many problems whilst causing no new ones.

    The journey towards any target, milestone, or mission that a government, any government, can set, will be made quicker and easier through education. There are no silver bullets however, but education is probably the closest thing we have.

    It can contribute to rising growth, and falling unemployment. To reducing crime, and to increasing opportunities. To more innovation and to cutting emissions. To greater happiness and to less deprivation. To a stronger health service and less inequality. To a fairer society and a more secure nation.

    I could go on for the whole speech! But you hopefully get the idea!

    In short, education can help us achieve almost every goal we have for our young people, our society, and our country.

    Difficult choices

    But as I’ve said, we do live in a time of difficult choices. When every single penny has to be carefully considered and justified, even if there were silver bullets, there just simply isn’t enough silver.

    But it’s also important to say that just throwing more money at education is not the answer. Any money needs to be carefully targeted and justified. It needs to go where it will make the biggest difference. Where it will help the most children and particularly the most vulnerable and disadvantaged. Where it will make sure that the most able, whatever their background, can soar. And where those who need it the most will get that help.

    So, it’s not just about more money, and it can’t be.

    Ofsted’s new proposals

    That’s the context in which Ofsted is proposing a whole new approach to inspection.

    So, we have built a system to drive ever higher and rising standards for children. To deliver better information for parents to help inform choices and engage them in their children’s education. To help governors and boards, authorities and trusts, to support and guide improvement. To deliver better information to government so they can make choices about where they assign resources and support. And to reduce pressure on all those working in education so they can get on with their vital work.

    So that’s the ambition and the context in which we have designed our proposals. We want a better system, that improves the education of all children, with all the myriad benefits that that brings.

    I believe our proposals will do this in a number of ways.

    Focus on what matters

    Firstly, we are focusing on the things that really matters to a good education. We have proposed a number of evaluation areas, of different things that we will look at on inspection. And these are informed by what we know, what my experience informs me, will make a difference to a child’s education, and by what we heard from parents and children in our biggest ever survey last year, the Big Listen.

    This includes maintaining our strong focus on curriculum, on the substance of learning. It includes the achievements and the personal development of children. It includes the leadership of the school or educational provider, and how they develop their teachers and staff.

    It includes making sure children are prepared for their next step, not least for working life. Obviously, there are many purposes of education, and being ready for work is not the only one, but it is a very important part and we will not shy away from that.

    So, our inspections will specifically look at careers programmes in secondary schools. We want to see impartial advice from well-trained staff, engagement with employers, colleges and universities, and opportunities for work-experience.

    On that note, we recently had, in Ofsted, a year 12 student on work experience for a week in our London office. She experienced a wide range of activities in our communications team. She actually helped me write this speech, and I encouraged her to do so. She told us how exciting it was to work within a professional office, meet people and see the variety of jobs which keep Ofsted running. Opportunities like this show students the outcomes of hard work, what working life is like, while also giving them ideas for future careers. They are invaluable and it was fantastic to support it from the employer side as well as in schools.

    Returning to our inspections, they will also include the vital topics of behaviour and of attendance. We’re proposing, for the first time, to look at these areas separately to really get into the detail. Obviously, a school with better behaviour is more likely to have better attendance, but there is a lot more to it than that, and we want to identify what’s working and what’s not. And we want to empower schools to tackle the problems that they have in a way that works for them. Autonomy and innovation will be recognised and supported.

    We want to avoid the problem where one issue, bullying for example, causes a sort of ‘double jeopardy’ situation where it has a knock-on impact on grades in other areas. Let me give you an example, an issue about bullying could impact leadership and management, safeguarding, the quality of education, specifically the curriculum, personal development and behaviour and attitudes. But it is entirely possible that it was a behavioural management issue alone and it should be treated as such. So, as much as possible, we want to isolate our areas and shine a laser like focus on just them.

    Our proposals also include a new evaluation area for inclusion. This is something I’m particularly proud of. I’ve always said that if you get it right for the most disadvantaged and vulnerable children, you get it right for everyone. And we now have the data at Ofsted to back that up.

    Schools that get it right for children with SEND, children who are young carers, children in poverty, children facing an educational or personal setback, they’re not doing it at the expense of the other children. That’s just not how it works. So, Ofsted will recognise schools doing great work for all children through our inclusion evaluation area and by threading inclusion through all our other areas too.

    And by reporting on each individual area, not on overall effectiveness or aggregated sub judgements, we hope to paint a far clearer picture of a school. To recognise what they do well and what they could do better. Because no school is perfect, and no school is without merit. Great schools can still have weaknesses, and poor schools can still do things really well. We will recognise this complexity, and respect the intelligence of those reading our reports to understand this.

    By maintaining this focus on what matters, and by reporting on it in detail, we hope to drive ever higher standards in education. And we hope to make sure that, as standards rise, no child is left behind. No child’s potential is wasted. They only get one childhood, and they deserve every chance and opportunity.

    Built around existing standards

    As well as making sure we focus on what really matters, to children, to parents, and to the best possible education, we want to make sure that we’re not asking schools to do anything beyond what is already expected and asked of them. We don’t want leaders or teachers to be doing anything just for us, anything ‘for Ofsted’. If you’re doing the right things for your children, then you’re already doing the right things ‘for Ofsted’. Now, Ofsted has been saying this for years, but I know some of you may still be sceptical. But with this new approach, we have done all that we can to make it as clear and unambiguous as possible.

    We have built the entire toolkit, all the documents setting out clearly what we look for, on the existing professional standards teachers and leaders should be working to. On the qualified teacher standards, on the statutory and non-statutory guidance, which already set out what schools should be doing. I hope, if you take a look, you will see nothing in there that a good school, a great school leader isn’t already doing, or at least aspires to be doing.

    Let me give you an example, the Qualified Teacher Professional standards currently asks teachers to:

    “Demonstrate good subject and curriculum knowledge [and] have a secure knowledge of the relevant subject(s) and curriculum areas, foster and maintain pupils’ interest in the subject, and address misunderstandings.”

    That’s the qualified teacher standards that teachers in England should work to. So, Ofsted is going to ask:

    “Teachers explain new content clearly, connecting new information with what pupils already know and/or introducing new content and concepts in a meaningful context. Teachers revisit important content and concepts regularly so that pupils learn them securely and remember them. Teachers check pupils’ understanding systematically, identifying and remedying any gaps or misconceptions. They give effective feedback that supports pupils to improve.”

    And this is also true for any other type of educational provision. I’ve mainly talked about schools today, because I know that’s the background of many of you in the audience. But almost everything I’ve mentioned also applies to nurseries, to childminders and to further education providers and colleges. To all the education provision we inspect. About 92,000 institutions.

    We have proposed toolkits for each type of provision, tailored to what they do, to the age of their children, and to the relevant existing professional standards that they work to.

    Again, I hope this will drive higher standards in education. It will make it clearer than we ever have, that schools shouldn’t be doing anything just for the days that our inspectors come in. They shouldn’t be spending a single minute or penny on anything that isn’t in the best interests of their, your, children. That’s what we want to see. That’s all.

    And if we get this right, it will relieve pressure on teachers and leaders. By basing our standards around everything you should already be doing, and by spelling this out clearly, I hope we can eliminate some of these myths, some of the guesswork, and some of the confusion about what you should be doing. Children aren’t best served by stressed teachers, and educational standards aren’t improved when schools can’t recruit or retain the high-quality staff they need. So Ofsted wants to do its bit to help, and to again drive higher standards.

    Recognise those going above and beyond

    So, we are proposing to recognise when schools are meeting the standards expected of them through our new ‘secure’ grade. And I know there are some who want us to stop there and to say, this school has met the required standard, and that’s good enough.

    But I don’t want to just say ‘that’s good enough.’ I don’t think parents want to hear that. And I don’t think leaders and governors, like many of you, really want to say that either. I don’t think that sort of model benefits children, helps parents, or drives higher standards.

    So, we are proposing to have two additional grades above ‘secure.’ We are proposing a ‘strong’ grade, for those not just meeting the core standards but going beyond them. Schools will achieve this in areas where they’re really excelling for their children.

    And then we are proposing a new top grade of ‘exemplary.’ This will be for truly exceptional practice. For a school or other provider doing something that we believe is worthy of national recognition, that others can learn from or be inspired by.

    I believe, through these grades, we will encourage schools to always seek to improve. We will give parents a far more detailed picture of a school’s strengths and the areas to work on. And we will highlight practice that schools could look to, to inform their own improvement journeys.

    Once again, I believe this will drive higher standards in education, and all of the benefits that brings.

    Recognise uniqueness

    Of course, every school is unique. Every set of circumstances is unique. And every set of challenges is also unique. And we will recognise this too. Our proposals will do much more to recognise the context in which a school is operating.

    Because it is important to recognise what a school is achieving both in spite of and because of the picture around them, the community that they are a part of, the resources and relationships that they can draw on.

    Because a school does not operate in a bubble. The quality of the feeder nurseries or primary schools has an impact. The quality of the secondary school and the colleges has an impact. The support they get from the local authority or trust, the corporation or the liveries, their governors and their PTA, has an impact. The level of education, the relative incomes, and the languages spoken by their community has an impact. The engagement of the parents and carers has an impact. The amount of support available locally for pupils with SEND has an impact. The availability of high-quality teachers and staff in the area has an impact too.

    We will consider all of this and more. To recognise what a school has been able to achieve in that context, to place accountability for successes and weaknesses in the right place, and to highlight examples of great practice against the toughest backdrops.

    Again, through proper and proportional accountability, we hope to drive higher standards for all children, in all areas.

    Help to guide government

    We also want to help to guide government, to better target their support, their resources, and their interventions.

    To make sure that the right people and institutions are recognised for their success. And make sure improvements are targeting the root of the problem, not the just the symptoms.

    For example, think about a secondary school with poor attendance. Obviously, that might be something government wants to offer support to the school to improve. But if all of the local primaries also have poor attendance, if the school is actually doing a bit better than other local secondaries, well then the picture changes.

    If a primary school has lower than desired outcomes for their children, that obviously needs rectifying. But if many of their children are arriving unprepared for school, with little or no experience reading, perhaps not even potty trained, again the picture changes.

    If a school is struggling with behaviour, then government support, behaviour experts and other interventions could be the answer. But if the local area has problems with gangs, or very few activities and resources for children, or limited support from the local authority, again the picture changes.

    Of course, we cannot and will not lower standards. We must and we will expect the best for all children. But I believe our proposals will allow us to follow the threads, get to the root of the problem, and help government target limited resources where they will have the biggest impact. We again hope to drive higher standards for all.

    Conclusion

    I hope that I have given you a flavour of the content but also the ambition of our proposals. To focus on what matters. To make sure schools are able to dedicate everything to their children. To recognise those going beyond. To recognise every unique school in their context. And to make sure, no minute, pound, or resource is spent in the wrong place or on the wrong problem.

    But I hope you will also help us make these proposals that I’ve just outlined even better. There are some fantastic educators in this room, and many more who recognise the transformative power of education. So please take part in our consultation. It’s open until 28th April and it’s available on our website.

    But I hope you have also seen the ambition that we have and that I have for education in this country.

    In many ways, it is already remarkable. It is already something we can be proud of as a nation. Something we should thank everyone, and I thank you, for working in education.

    We are outperforming many other countries, in many ways. But we can always do better. We should never stop striving to do better. Especially for the most disadvantaged and vulnerable. That’s an area where we can and must do better.

    Our children deserve that. Thank you.

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Global: Cannabis retail expansion in Canada came with only a small uptick in the number of consumers

    Source: The Conversation – Canada – By Michael J. Armstrong, Associate Professor, Operations Research, Brock University

    Ever since recreational cannabis was legalized across Canada in 2018, researchers have been studying what that decision changed for Canadians.

    We’ve learned, for example, that some patients immediately left the medical cannabis system, presumably to use recreational products instead. Conversely, legalization appeared to have no effect on Canadian alcohol sales.

    We’ve similarly seen how cannabis retailing has evolved since it became legal.

    Retailers suffered from product shortages during legalization’s first six months, but steadily expanded soon after. Canada went from having some 210 stores in April 2019 to 3,500 in April 2023. The ensuing competition pushed prices down 28 per cent during that period.

    Meanwhile, provincial governments have tried various regulatory approaches. Some initially restricted the number of stores to avoid tempting non-users. Québec still has 10 times fewer stores per capita than Ontario does as a result. Other provinces have set minimum prices to discourage people from overindulging. For example, Ontario won’t let wholesale prices drop below $2.28 per gram.

    These developments in business and government policy prompted my latest research. I wanted to understand what effect retail expansion had on cannabis use. To do this, I analyzed consumer responses on government surveys collected between 2019 to 2023. I then compared these responses to the recreational cannabis consumer price index and the numbers of licensed stores in each province.

    Did Canadians consume cannabis more widely, more frequently and at younger ages as it became more accessible and affordable? The answer was mostly no.

    More women and older adult consumers

    The percentage of men who used cannabis stayed around 28 per cent between 2019 and 2023 — despite retailers’ massive store growth and notable price cuts.

    But usage did grow slightly among women — rising from 21 per cent in 2019 to 23 per cent in 2023. My analysis suggests this was related to the increasing affordability of cannabis, not its retail convenience. More women consumed cannabis when prices fell, not when more shops opened.

    A similar contrast appeared between younger and older adults. Cannabis use among Canadians aged 25 and over crept upward from 21 to 23 per cent. That increase again seemed related to falling prices rather than expanding stores. Meanwhile, usage among those aged 16 to 24 varied year-to-year, but remained around 46 per cent.

    The average age of first-time use consequently rose from 19.2 in 2019 to 20.8 years old in 2023. This finding also seemed correlated with both falling prices and expanding stores.

    Same frequency, more edibles

    One thing that didn’t change much was frequency of use. About one-quarter of cannabis consumers used it five or more days per week in both 2019 and 2023.

    However, their product preferences shifted. The percentage who smoked dried cannabis decreased while the percentage of consumers who consumed edibles increased. Some consumers used both types of products, or used other products entirely — such as vapes. Both changes seemed related to prices rather than the number of retail stores. Consumers seemingly traded-up from basic dried cannabis to processed edibles as prices fell.

    So overall, Canada’s substantial retail developments came with only modest usage growth.

    The apparent relationships between usage and price might partly be coincidental. Product selection and quality also improved, so they likely contributed too. But falling prices do seem to be a plausible explanation for the increased cannabis consumption that was seen.

    The lack of relationship between stores and usage might seem surprising. After all, Canada experienced a 16-fold explosion in stores between 2019 and 2023. But this finding correlates with what my previous research found; it showed that between 2018 and 2020, there was a similar non-relationship between retail expansion of cannabis stores and usage.




    Read more:
    Cannabis store openings in Canada only slightly affected the number of users


    So, perhaps the main effect of retail stores was to draw existing users away from illegal dealers, rather than to tempt new ones.

    I suspect retailers probably influenced usage somewhat in their local neighbourhoods. For example, someone who walked by a new store daily on their way to work might have decided to try cannabis. But this effect would have been too small to appear in province-level measurements.

    Price restriction

    The findings from my study suggests some tentative lessons for regulators.

    If opening more stores has minimal impact on usage, there’s little need to limit their numbers. Provinces don’t need to ration store licenses, and municipalities (like Markham and Oakville in Ontario) don’t need to ban them.

    But since price declines tempt more consumers, it’s important for policymakers to prevent prices from getting too low.

    Other countries who are considering legalizing cannabis may want to consider these points, too.

    For example, medical cannabis use is surging in Australia, much like it was in Canada a decade ago. And Australia’s Green Party is campaigning for recreational legalization in the upcoming federal election. If that election produces a coalition government, legalization might be on its agenda. They could look at our policies and hopefully improve on them.

    Meanwhile in Germany, the previous government legalized recreational use, but not sales. So, Germans must grow their own plants or join a club that does. Commercial products are sold only through the country’s medical cannabis system. Unsurprisingly, medical use is soaring there. Based on what my research suggests, Germany will likely see similar usage growth, whether it allows stores or not. But allowing stores would mean consumers could buy products from licensed sources instead of illicit dealers.

    Canada’s cannabis legalization was controversial at the time. But some Canadians say it has become a memorable part of Justin Trudeau’s complicated legacy. Now that he’s no longer prime minister, that’s something he and his biographers can contemplate.

    Michael J. Armstrong 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. Cannabis retail expansion in Canada came with only a small uptick in the number of consumers – https://theconversation.com/cannabis-retail-expansion-in-canada-came-with-only-a-small-uptick-in-the-number-of-consumers-252008

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement on the Democratic Republic of Congo

    Source: United Kingdom – Government Statements

    Speech

    UN Human Rights Council 58: UK Statement on the Democratic Republic of Congo

    UK Statement for the Enhanced Interactive Dialogue on the Democratic Republic of Congo. Delivered by the UK Human Rights Ambassador, Eleanor Sanders.

    Thank you Madame Vice President,

    We commend the Democratic Republic of the Congo’s strong engagement with the Council during its membership so far, recognising, in particular, their leadership in convening the special session of this Council last month.

    The UK is deeply concerned by the significant deterioration of the situation in eastern DRC, where M23 and Rwanda Defence Force advances have displaced over one million people since January.

    A resolution to this conflict is vital. We encourage all parties to engage in good faith and refrain from inflammatory rhetoric.

    We are hearing horrifying accounts of human rights abuses and violations perpetrated by all parties including M23, the Rwanda Defence Force, the Armed Forces of the DRC, Wazelendo groups, and the Allied Democratic Forces.

    We urge all parties to respect international humanitarian law, protect civilians, particularly from sexual and gender-based violence, and immediately end the abduction and recruitment of children.

    Lastly, the UK reiterates its objection to the death penalty in all circumstances and, once again, urges the DRC to reconsider its decision to lift the moratorium on the death penalty.

    Madame Vice President,

    What more can the UN and the international community do to address the human rights situation in areas under M23 and RDF control?

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Banking: BaFin warns of the Brahams & Goldbach Group

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The German Federal Financial Supervisory Authority (BaFin) is warning of offers made by the Brahams & Goldbach Group. According to its findings, the company offers, in particular, the alleged brokerage of fixed-term and overnight deposits with European banks.

    The website brahams-goldbach-group.com also presents further capital investment opportunities. The operator also appears there under the name ‘MA BV Brahams & Goldbach Group’. Addresses in Amsterdam, the Netherlands, and Brussels, Belgium, are given on the website as business addresses. In forms used by the Brahams & Goldbach Group, a further address in Pijnacker, the Netherlands, is also given.

    Anyone offering banking transactions or financial and investment services in Germany requires a licence from BaFin. However, some companies offer such services without having the required licence. You can find information on whether a particular company is authorised by BaFin in the company database.

    The information provided by BaFin is based on Section 37 (4) of the German Banking Act (Kreditwesengesetz).

    You should know this!

    BaFin issues warnings about dubious fixed-term deposit offers.

    In the ‘Recognising financial fraud’ section, you will find current warnings from BaFin about unauthorised companies and learn how you can protect yourself from further fraud on the financial market.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: £302m for further education colleges to fix dilapidated buildings

    Source: United Kingdom – Executive Government & Departments

    Press release

    £302m for further education colleges to fix dilapidated buildings

    FE college groups across England will receive a share of £302m to fix, maintain and improve their buildings under government’s Plan for Change

    Leaky roofs, broken windows and dilapidated buildings at further education colleges across England will be repaired thanks to a £302m government cash injection announced today (1 April), ensuring they can continue to break down barriers to opportunity as part of the government’s Plan for Change.

    The funding, which was announced by the Chancellor in the Budget in October, is the first condition allocation for FE colleges in two years, demonstrating the government’s commitment to investing in the next generation by fixing, maintaining and improving college buildings.

    This will also ensure FE Colleges are able to attract and retain learners, helping to boost the economy.

    The government has listened to feedback from the sector, and for the first time is giving FE colleges the discretion and flexibility to decide how the funding should be spent – recognising providers are best placed to determine their own priorities to improve the condition and prevent the deterioration of their estate. 

    Skills Minister Jacqui Smith said:

    Further education colleges are at the heart of our mission to grow the economy and train the next generation of skilled workers under our Plan for Change.

    But the college estate we inherited is simply not fit for purpose. Today’s funding addresses these issues, allowing colleges to focus on what they do best: breaking down barriers to opportunity and inspiring the workforce of the future.

    Colleges in Greater Manchester and Leeds will also benefit from a £20m boost to capacity funding for 16-19 year olds to address a shortage of places.

    The funding will create much needed places across the two areas, ensuring more learners will be able to access crucial skills training

    Among those to benefit will be Calderdale College in West Yorkshire, which will use the capital funding to expand its much-needed capacity in construction and professional trades workshops. The funding will also support the creation of an additional classroom within Mill Studios, the College’s state-of-the-art digital and creative centre.

    Andrew Harrison, Vice Principal for Corporate Services at Calderdale College, said:

    We welcome this investment from the Government’s Autumn budget, which will enable us to further enhance the experience for our students. This follows the success of our recent £7.5 million transformation project, completed in August 2024, which focused on refurbishing our ageing estate.

    As well as modernising our facilities, the project significantly improved our energy efficiency, cutting costs by 40% and making a major step forward in our carbon reduction edits.

    This follows the Chancellor’s announcement of £100 million of new investment to further build capacity in the construction sector, establishing ten new Technical Excellence Colleges. This is part of a £625m investment that will help to train up to 60,000 more engineers, electricians and builders by 2029.

    The government continues to improve post-16 education, with changes to English and maths requirements that will see up to 10,000 more apprentices qualify each year in key sectors, and new shorter apprenticeships announced during National Apprenticeship Week. Changes to end point assessments will also mean it is even easier for businesses and providers to support getting people into the workforce. 

    Last year the Education Secretary announced new Construction Skills Hubs, funded by industry, which will also speed up the training of construction workers crucial to supporting the government’s homebuilding drive. 

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement on the OHCHR report for South Sudan

    Source: United Kingdom – Executive Government & Departments

    Speech

    UN Human Rights Council 58: UK Statement on the OHCHR report for South Sudan

    UK Statement for the Interactive Dialogue on the OHCHR report on technical assistance for South Sudan. Delivered by the UK Human Rights Ambassador, Eleanor Sanders.

    Madame Vice President,

    We are grateful for today’s update and commend OHCHR’s continued provision of technical assistance in South Sudan.

    As we have heard today, the situation in South Sudan is extremely grave.

    We are deeply concerned by the increase in fighting in recent weeks. Aerial bombardments have killed civilians, and over 63,000 people are newly displaced. The arrest of the First Vice President, Riek Machar is troubling. 

    President Kiir and all leaders with control or influence over armed groups must order an immediate ceasefire to prevent the collapse of the peace agreement – and a tragic return to full-scale conflict.

    Legislation on transitional justice institutions has now been passed. But these have not yet come into existence. Elections have also been postponed, further delaying democracy, accountability and peace in South Sudan.

    The technical assistance and capacity building provided by OHCHR plays an important role. Alongside this, it is clear that the independent scrutiny of the human rights situation provided by the Commission for Human Rights is as vital today as when it was established in 2016. 

    In conclusion, we firmly believe it is time for the peaceful and democratic future promised to the people of South Sudan to be realised.

    Thank you.

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Still time to snap up tickets for Mayor’s charity rock festival

    Source: City of Wolverhampton

    It is one of the biggest fundraising events of the year for the Mayor of Wolverhampton Councillor Linda Leach’s Charitable Fund, in aid of the Beacon Centre, Age UK Wolverhampton and The Samaritans Wolverhampton.

    It opens on Friday 4 April at 7.30pm with a show at The Giffard Arms, Victoria Street, headlined by Doomsday Outlaw.

    The main event is on Saturday 5 April at KK’s Steel Mill, Frederick Street. Doors open at 1pm and headlining will be the hugely popular band Massive Wagons, whose last 4 albums have gone to the top of the UK Rock and Metal Album charts.

    Other bands on the main stage include the Virginmarys, Gin Annie, The Karma Effect, Takeaway Thieves, White Tyger and Soul Revival.

    There will be acoustic acts on the small stage in between, providing non-stop music throughout the day.

    The Giffard Arms is again the venue for the Mayors Fest’s closing gigs on Sunday 6 April; doors open at 12pm, with Seize the Void as the main act.

    Tickets are available for all venues from ticketweb – search “Mayors Fest”.

    Mayor of Wolverhampton Councillor Leach said: “I’d like to thank Doddy White and his Rockers Through the Ages team for all the hard work they have put in to organise this weekend of great rock music, along with the venues KK’s Steel Mill and The Giffard Arms for agreeing to host the festival.

    “If you like your music live and loud then please come along and have a great time at any one of the 3 shows, at the same time knowing you are doing your bit to raise money for 3 fantastic local charities, which makes it a genuine win win situation for everyone.

    “I’m looking forward to visiting KK’s on Saturday so hopefully I’ll see you there.”

    MIL OSI United Kingdom

  • MIL-OSI NGOs: Amnesty Media Awards 2025: Finalists and host announced

    Source: Amnesty International –

    Full list of finalists across 10 categories announced

    Jolyon Rubinstein announced as host

    ‘It’s an honour to host the Amnesty International Media Awards 2025. Especially in what will be the final year before journalists are officially designated as enemies of the state – what a send-off!’ – Jolyon Rubinstein

    Amnesty InternationalUK has announced the full list of finalists for the 2025 Amnesty Media Awards today.

    The 10 awards categories celebrate outstanding human rights journalism over the past year and applaud the courage and determination of journalists who have shone a light on human rights issues in their work.

    Each category was judged by a panel of prestigious journalists and media workers, including Ayshah Tull (Channel 4 News), Paul Murphy (Financial Times), Stuart Ramsay (Sky News), Lindsey Hilsum (Channel 4 News), Alex Crawford (Sky News), Claire Newell (Daily Telegraph), Catherine Philp (The Times) and Ollie Stone-Lee (BBC Radio 4).

    Amnesty International is also pleased to announce actor, writer and director Jolyon Rubinstein as the host for the Amnesty Media Awards 2025 award ceremony – taking place at the BFI Southbank on Wednesday 4 June 2025 – where the winners will be revealed. The ceremony will also be live-streamed.

    Jolyon said:

    “It’s an honour to host the Amnesty International Media Awards 2025. Especially in what will be the final year before journalists are officially designated as enemies of the state – what a send-off! But with protests banned, billionaires calling the shots, and international law in tatters, what’s left to talk about? Don’t worry, though—under my stewardship, any award speech veering into ‘politically correct wokery’ will be swiftly cut off, and I promise I’ll mansplain and bluster my way through the night, blissfully unaware of what’s really going on, as only a white man can. How very 2025 of me!”

    FULL LIST OF FINALISTS

    Broadcast Feature

    BBC Current Affairs for BBC Two

    ·       Dead Calm: Killing in the Med?

    BBC News & Current Affairs, NI

    ·       Spotlight: I Am Not OK

    Channel 4

    ·       Kill Zone: Inside Gaza

    Channel 4

    ·       The Cranes Call

    Broadcast Investigation

    Airwars

    ·       The Killings They Tweeted

    BBC Eye Investigations

    ·       Settlements Above the Law

    BBC Scotland / BBC Two

    ·       Slavery at Sea

    Channel 4 News

    ·       Tortured and Abused at Sde Teiman

    Broadcast News

    Channel 4 News

    ·       Settlers in the West Bank: A Year on the Frontline

    ITV News / ITN

    ·       The White Flag

    Sky News

    ·       Sky News investigates Hind Rajab’s killing

    The Guardian

    ·       Inside the war on kush: The drug ‘mixed with human bones’ taking over Sierra Leone

    The Gaby Rado Award for New Journalist

    Aidan Tulloch

    ·       The Times

    Misbah Khan

    ·       The Bureau of Investigative Journalism

    Ornella Mutoni

    ·       The Guardian

    Sophie Neiman

    ·       New Internationalist

    Nations and Regions

    BBC Northern Ireland

    ·       Spotlight: Katie – Coerced and Killed

    BBC Northern Ireland / BBC Sounds

    ·       Assume Nothing: Murder at the Stables

    The Ferret

    ·       Saving lives in Toronto’s toxic drug crisis

    UTV

    ·       Fighting For Care

    Photojournalism

    Alixandra Fazzina

    ·       The Financial Times

    Hugh Kinsella Cunningham

    ·       The Telegraph Magazine

    Kiana Hayeri

    ·       The Guardian

    Tommy Trenchard

    ·       Geographical Magazine

    Radio & Podcasts

    BBC News

    ·       Locked Up and Abused at School – Britain’s ‘Calming Room’ Scandal

    BBC Radio 4

    ·       Our Whole Life is a Secret

    ITN / ITV News

    ·       The Trapped

    Novel & Wondery

    ·       Kill List

    Written Feature

    BBC News

    ·       Gaza Medics

    Financial Times

    ·       How extremist settlers in the West Bank became the law

    Financial Times

    ·       The Smuggler’s Daughter and Other Tales From The Gulf of Aden

    The Economist’s 1843 Magazine

    ·       Life and death in Putin’s gulag

    The Guardian & Arab Reporters for Investigative Journalism

    ·       ‘An incredible loss for Palestine’: Israeli offensive takes deadly toll on journalists

    Written Investigation

    SourceMaterial

    ·       ‘Don’t look back or we’ll shoot’

    The Guardian

    ·       The IPP scandal

    The Guardian

    ·       The brutal truth behind Italy’s migrant reduction: beatings and rape by EU-funded forces in Tunisia

    The Independent

    ·       Russia told Ukrainians with disabilities they were visiting the seaside – but they were kidnapped and disappeared

    Written News

    Big Issue

    ·       Refugees still flee war-torn Ukraine every single day. This is what their journey to safety is like

    Financial Times

    ·       FT investigation finds Ukrainian children on Russian adoption sites

    The Guardian

    ·       Mazyouna’s face was ‘ripped off’ when a rocket hit her home. Israel has refused to allow her evacuation

    The Telegraph

    ·       Children pull skulls from mass graves in Syrian killing field

    MIL OSI NGO

  • MIL-OSI United Kingdom: Labour ‘delete’ Plaid calls to implement a child payment to tackle child poverty

    Source: Party of Wales

    Welsh Government statistics published this week show that child poverty has risen by 2% to 31% in Wales, the highest rise of all UK nations. However, ahead of a Plaid Cymru debate in the Senedd on April 2nd 2025, where they will call on the Welsh Government to implement a child payment, the

    Labour Welsh Government have deleted the calls in their amendment to the original motion.

    Instead, the Welsh Government have focused once again on a ‘commitment…to engage with the Scottish Government to better understand the Scottish Child Payment and how it operates’ despite this having been a matter of discussion for a number of years in Wales.

    Plaid Cymru Social Justice spokesperson Sioned Williams has criticised the Government’s decision to delete the call, accusing Labour of ‘stalling’ and ‘refusing to take direct action on tackling child poverty’ calling it out as a ‘national stain’.

    This comes in the same week as the UK Labour Government announcement to cut almost £5 billion in welfare spending, a decision that will push a further 50,000 children into poverty across England and Wales.

    Plaid Cymru announced a direct child payment to tackle child poverty in their Spring Conference in Llandudno last week. The payment will ‘boost support by putting money in the pockets of those struggling’.

    A similar scheme in Scotland has had a transformative impact on child poverty, helping Scotland become the only nation in the UK where child poverty levels are expected to decrease.

    Plaid Cymru’s spokesperson on Social Justice, Sioned Williams MS, said:

    “Labour are failing our children and young people as the Government’s own figures released this week show.  Not only is child poverty growing in Wales, but it is growing at the fastest rate of all UK nations. This is the result of 25 years of Labour inaction in getting to grips with the national stain that is child poverty.

    “Their choice to ‘delete’ Plaid Cymru’s calls to implement a child payment is just another example of their refusal to take direct action on tackling child poverty. How long will Labour be content to talk around the issue when the actions needed are known and proven.

    “Plaid Cymru has real, ambitious, tangible solutions to tackle child poverty. In Government we will take action to support the 31% of children that are currently growing up in poverty, living in households which are struggling to make ends meet, by implementing a child payment.

    “While Labour are happy to stall, Plaid Cymru will act. While Labour chooses to cut almost £5 billion in support to the most vulnerable, Plaid Cymru look to boost support by putting money in the pockets of those struggling. While Labour are happy continuing with the status quo, Plaid Cymru offer a fresh start.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council brings key parts of its housing advice and homelessness services in house | Westminster City Council

    Source: City of Westminster

    From today, the council welcomes staff from various parts of its Housing Solutions Service (HSS) into the organisation as part of a comprehensive redesign of the service. In advancing its plans to bring elements of the HSS in-house, the Council will be able to directly address the complex needs of those facing homelessness in the borough. 

    Following last year’s announcement, the council has been working with the current providers to ensure a smooth transition for the dedicated and hard-working staff who run the services. Over 100 staff will transfer into the Council from 1st April and will be supported to integrate into the Housing Department and deliver alongside other Council services.  

    For 20 years, the Housing Solutions Service has been a gateway for those who are seeking support and advice. In recent years demand for housing in Westminster has reached an all-time high with one in fifty Londoners currently homeless, with limited housing options available. The service has seen a 302% increase in homelessness applications and a 126% increase in duty acceptances from 2017 – 2024. This has placed incredible pressure on the current service, and a new way of operating is needed to ensure a continued high-level of service is offered to residents and those facing homelessness.  

    By bringing aspects of the service in-house, the council will be able to respond directly to those in need; ensure greater connectivity across Council services and invest in more community-based prevention to help those worried about their housing situation earlier.  

    This is in line with the council’s work to deliver a Fairer Westminster and the commitment to have responsive and empathetic housing services. This reshaping is underpinned by changes to its Allocations Policy, the launch of the new Homelessness and Rough Sleeping Strategy and its temporary accommodation acquisitions programme. 

    Councillor Liza Begum, Cabinet Member of Housing Services said: “We are pleased to bring parts of this service directly under the council’s remit.  

    This is the biggest insource so far by this administration and will allow us to respond directly to get residents the support they need.” 

    MIL OSI United Kingdom