Category: European Union

  • MIL-OSI United Kingdom: Members of the public asked to return Boots Paracetamol 500mg tablets due to packaging error

    Source: United Kingdom – Executive Government & Departments

    Press release

    Members of the public asked to return Boots Paracetamol 500mg tablets due to packaging error

    People who have purchased Boots Paracetamol 500mg Tablets 16s (Item code 81-99-922, Batch 241005, Expiry date 12/2029) are advised to stop using the product immediately and return it to a Boots store for a full refund, because of a packaging error. 

    The Medicines and Healthcare products Regulatory Agency (MHRA) has issued a medicines recall alert due to a packaging error where the foil blister inside the carton incorrectly states ‘Aspirin 300mg Dispersible Tablets’ instead of ‘Paracetamol 500mg Tablets’. The Boots Company PLC and the supplier, Aspar Pharmaceuticals Limited, have confirmed that the tablets in the blister packs are Paracetamol 500mg and not aspirin, and are conducting a full investigation into the issue. 

    Members of the public, including carers, should check if their pack has the batch number 241005, which can be found on the bottom of the box. If affected, they should stop using the product immediately and return it to a Boots store for a full refund, with or without receipt.  

    Boots Paracetamol 500mg packs, with the batch number 241005, should not be kept at home, even if the error is known, as this could lead to confusion and an incorrect dose being taken. Anyone who has purchased this product for someone else should inform them as soon as possible. 

    Dr Stephanie Millican, MHRA Deputy Director Benefit Risk Evaluation, said: 

    Patient safety is always our priority. It is vitally important that you check the packaging of your Boots Paracetamol 500mg Tablets 16s, and if the batch number is 241005, you should stop using the product and return it to a Boots store for a full refund. 

    If you are unsure which pack you have purchased or have taken Boots Paracetamol 500mg Tablets and experienced any side effects, seek advice from a healthcare professional. Please report any suspected adverse reactions via the MHRA’s Yellow Card scheme. 

    If you have any questions or require further advice, please seek advice from your pharmacist or other relevant healthcare professional.

    Advice for Members of the Public: 

    • Stop using the impacted batch immediately and return this to Boots stores where a full refund will be provided with or without a receipt. 

    • Aspar Pharmaceuticals Limited and The Boots Company PLC have confirmed that the tablets in the blister packs are Paracetamol 500mg and not aspirin. If you have taken tablets from this batch and have any additional questions, please seek advice from your pharmacist or other relevant healthcare professional. 

    • Patients who experience any suspected adverse reactions or have any questions about the medication should seek medical attention. Any suspected adverse reactions should also be reported via the MHRA Yellow Card Scheme

    Notes to Editors: 

    • The MHRA has issued a recall notification for a specific batch of Boots Paracetamol 500mg Tablets due to a packaging error: Class 2 Medicines Recall Notification: Boots Paracetamol 500 mg tablets (16s)

    • This recall affects 119,964 packs of Boots Paracetamol 500mg (16s) 

    • The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe.  All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks. 

    • The MHRA is an executive agency of the Department of Health and Social Care. 

    • The Yellow Card Scheme is MHRA’s system of monitoring the safety of medicines in the UK and it acts as an early warning system to identify new, and strengthen existing, safety information about medicines. Yellow Cards are used alongside other scientific safety information to help MHRA to take action, if necessary, to make changes to the warnings given to people taking a medicine or review the way the medicine is used to maximise benefit and minimise the risk to the patient. 

    • For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651.

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: NI Secretary announces Equality Commission apppointments

    Source: United Kingdom – Executive Government & Departments

    Press release

    NI Secretary announces Equality Commission apppointments

    Secretary of State announces appointment of commissioners to the Equality Commission for Northern Ireland

    The Secretary of State for Northern Ireland, the Right Honourable Hilary Benn MP, has announced the reappointment of seven Commissioners (Maureen Brunt, Siobhan Cullen, Ellen Finlay, Monica Fitzpatrick, Colin Kennedy, John McCallister and Preeti Yellamaty) and the new appointment of Harry Robinson to the Equality Commission for Northern Ireland.

    Background

    The Equality Commission was established in 1999, as part of the implementation of the Good Friday Agreement. It took over the functions of the Fair Employment Commission, Equal Opportunities Commission, and Council for Racial Equality and Northern Ireland Disability Council.

    The Commission is responsible for policing the Statutory Duty on all public authorities in Northern Ireland to have due regard to the need to promote equality of opportunity across a range of areas including religion, political opinion, gender, race, age, marital status, sexual orientation, disability and those with and without dependants. The Commission is funded and sponsored by The Executive Office.  Further information about the work of the Commission can be found at: 

    https://www.equalityni.org/Home

    Biographies for the seven re-appointees can be found on the Equality Commission for Northern Ireland website:

    https://www.equalityni.org/HeaderLinks/About-Us/Our-structure#gsc.tab=0

    In addition, Harry Robinson is currently employed as Head of School at Belfast Metropolitan College and has a background of over 20 years working in Further Education to provide equality of opportunity for those facing barriers to education. He has a lead role in the provision of English for Speakers of Other Languages (ESOL) for refugees and those seeking asylum in Northern Ireland as well as the delivery of Community Education and Lifelong Learning. Harry is also a member of the Board of Trustees for Voice of Young People in Care (VOYPIC) a local charity that works to promote the rights and voice of children in care and care leavers in Northern Ireland.

    Terms of Appointment

    • These positions are part-time for a period of three years ending on 31 May 2028. Both the reappointments and new appointment will commence from 1 June 2025.
    • The positions receive a fixed annual remuneration of £5,000.
    • The positions are not pensionable.

    Political Activity

    All appointments are made on merit and with regards to the statutory requirements. Political activity plays no part in the selection process. However, in accordance with the original Nolan recommendations, there is a requirement for appointees’ political activity in defined categories to be made public. 

    None have declared any political activity in the past five years. 

    Regulation

    These appointments are regulated by the Office of the Commissioner for Public Appointment (OCPA).

    Statutory Requirements

    The Secretary of State makes appointments to the Equality Commission for Northern Ireland in accordance with the Northern Ireland Act 1998.

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement at the Interactive Dialogue with the Special Rapporteur on Torture

    Source: United Kingdom – Executive Government & Departments

    Speech

    UN Human Rights Council 58: UK Statement at the Interactive Dialogue with the Special Rapporteur on Torture

    UN Human Rights Council 58: UK Statement at the Interactive Dialogue with the Special Rapporteur on Torture and other cruel, inhuman or degrading treatment or punishment.

    A UK spokesperson said:

    Thank you, Mr President, 

    We thank the Special Rapporteur for her work and welcome the recommendations in the recent report on hostage-taking.  

    The UK unreservedly condemns the use of torture. There are no circumstances whatsoever that justify the use of torture or hostage taking. It is an abhorrent violation of human rights and human dignity.  

    We strongly believe that the prevention of torture, and tackling impunity for those who use torture, are essential components of safeguarding our security and integral to a fair legal system and the rule of law.  

    We are proud to work with partners and civil society to support torture prevention initiatives globally, including through our support for the Association for the Prevention of Torture. The UK is a signatory of the Declaration against Arbitrary Detention in State-to-State Relations and remains a vocal supporter of the Canadian-led initiative in its efforts to combat this practice. 

    We encourage the small minority of states which have not yet done so to ratify and implement the UN Convention against Torture, and the International Convention against the Taking of Hostages. 

    Special Rapporteur,  

    How can we better support states to overcome the barriers preventing them from ratifying the UN Convention against Torture?

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Ready, steady, grow at Kinnego Community Garden

    Source: Northern Ireland City of Armagh

    ABC Council staff, NWP staff and volunteers help create the No Dig beds at the Kinnego Bushcraft Community Garden in Oxford Island.

    With the first signs of Spring finally beginning to appear, an exciting new programme of both weekly and monthly gardening workshops are planned for the Kinnego Bushcraft Community Garden at Oxford Island.

    The Bushcraft Team in ABC Council are hosting weekly sessions on Thursday evenings from 6pm to 8.30pm, starting from Thursday 6 March, while on the last Thursday of each month, the council staff will again join with Natural World Products to deliver a series of No Dig workshops.

    No-dig gardening cares for soil by cutting out the need for cultivation which damages soil structure and disrupts the natural processes which makes no-dig a better choice for soil health.

    Natural World Products process the organic waste from brown bins collected in the ABC Borough and produce peat free composts one of which ‘New Leaf Compost’ is being used at the Kinnego Community Garden.

    The Community Garden offers a wide range of benefits including shared beds to plant crops; supportive, friendly community of gardeners; and a share of the seasonal harvest.

    Whether you’re an experienced gardener or a complete novice, the workshops will cover a wide range of topics with helpful advice on; No Dig practices; crop planning; composting; pest control; backyard gardening; chemical free fruit and veggie growing; seed sowing and transplanting.

    Contact Sandra or Wayne by email at

    *protected email*

    to register up for the workshops, or find out more information.

    Keep an eye on the ‘Oxford Island’ and ‘getactiveabc’ Facebook pages for details on the events at the Kinnego Bushcraft Community Garden throughout the year.

    Craigavon Building Sustainable Communities Project at Bushcraft is funded by Department of Communities.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Free school meal pilot extended to a third school

    Source: City of York

    Pupils at Fishergate Primary School are now able to get a free breakfast at school each morning as part of the citywide campaign to deliver free meals to primary school pupils.

    The campaign is part of the council’s wider commitment to ensure that residents start good health and wellbeing as early as possible in their lives, part of the council’s four year plan, One City for all.

    York Hungry Minds was set up in a bid to address disadvantage and the impact of the cost of living crisis, in response to national evidence suggesting that providing children with healthy, nourishing food can make a significant difference to school attendance, concentration and their physical and mental wellbeing.

    Fishergate Primary School joins existing schools offering free lunches for children in year 3 to year 6 at Westfield Community Primary School and free breakfasts for to all pupils at Burton Green Primary School, which have been running since early 2024. Children in Reception, year 1 and year 2 are eligible for free school lunches under the government’s national free school meals scheme.

    The pilots have been made possible thanks to funding from City of York Council and donations to the York Community Fund’s York Hungry Minds Appeal.

    Initial research carried out by researchers from the Universities of York, Leeds and Sheffield into the impact of the York pilots last autumn showed that pupils taking in part in the schemes showed improved attendance and punctuality compared to their peers.

    Schools also saw evidence of improved behaviour as a result of children feeling less hungry, with staff noting improvements in the pupils’ focus and energy levels after receiving a free breakfast.

    Tina Clarke, headteacher at Fishergate Primary School, said:

    I am delighted that my children are benefiting from this opportunity. It is lovely to see them tucking into pancakes with bananas and honey, cereal, toast or crumpets with their friends in the morning.

    “It means that they can start the school day in a calm and settled way and that they are well- fuelled for their learning”.

    Cllr Bob Webb, the council’s Executive Member for Children, Young People and Education, said:

    I’m delighted that we’ve been able to make free school breakfasts available to pupils at another primary school in the city as part of York Hungry Minds.

    “Local and national evidence shows the positive impact universal free school meals have on pupils’ attendance and behaviour. We hope that our work and peoples’ generous donations will help to support our long term aim to ensure all children in the city have a great start to their health and wellbeing, as well as supporting all families through the cost of living crisis.”

    You can find out more about how to make donations to support York’s free school meals pilots at Two Ridings Community Foundation.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Five giant tortoises find shell-ter in Leeds

    Source: City of Leeds

    A Leeds zoo has welcomed five giant tortoises this week after they grew too big for their previous home.

    This comes as Tropical World receives official accreditation by the British and Irish Association of Zoos and Aquariums (BIAZA), after being screened by experts earlier this year. The mark of excellence recognises the high quality of the zoo in animal welfare, conservation, education and research.

    The sulcata tortoise, with a life expectancy of over 70 years, is the largest mainland tortoise in the world and the third largest overall.

    The group of tortoises, referred to as a ‘creep’, were moved from Blue Planet Aquarium in Cheshire to Leeds’s Tropical World this week, where they were given their new names – Tank, Scoop, Dizzy, Roley and Muck.

    Abigail Hardwick, animal officer at Tropical World, said: “They all have coloured markings on their shells so we know who is who. Tank is the biggest male and the most boisterous, he can often be seen pushing the other boys out of the way to be first to the food bowls.

    “They’re all settling in well!”

    A beast of a tortoise, sulcata tortoises have no real known predators as adults, due to their large shell and average weight, which is around 80kg for a male.

    Usually living along the southern edge of the Sahara Desert, the species is classed as endangered. Desertification, where land turns into desert, caused by climate change, is leading to habitat loss and competition for food.

    Also a newcomer at Tropical World is a Victoria crowned pigeon called Roger. The largest pigeon species in the world, it is named after Queen Victoria.

    One of the UK’s largest indoor tropical rainforest visitor attractions, Tropical World has been welcoming guests since 1988. The popular zoo is comprised of seven zones which all replicate a tropical environment from around the world.

    Tropical World is already home to meerkats, pygmy marmosets (the world’s smallest type of monkey), and emperor tamarin monkeys, as well as many different kinds of reptiles, butterflies and insects. 

    Councillor Mohammed Rafique, Leeds City Council’s executive member for climate, energy, environment and green space, said: “The tortoises are very impressive to look at, and we’re glad to have been able to give them a new home at Tropical World. It’s a great attraction where there’s much to learn about all the different species and the important conservation work that the staff do. Receiving the accredited status from BIAZA is also a testament to the passion and hard work of all the staff members.”

    Read more about Tropical World at https://tropicalworld.leeds.gov.uk/.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Protecting national security

    Source: United Kingdom – Executive Government & Departments 3

    Oral statement to Parliament

    Protecting national security

    Statement by the Security Minister on new measures to tackle state threats from Iran.

    With your permission Madam Deputy Speaker, I will make a statement on the growing threat to the UK from Iran and the steps the government is taking to combat these threats.

    The threat from Iran sits in a wider context of the growing, diversifying and evolving threat that the UK faces from malign activity by a number of states.

    The threat from states has become increasingly interconnected in nature, blurring the lines between: domestic and international; online and offline; and states and their proxies.

    In the last year, the number of state threat investigations being run by MI5 has jumped by 48%.

    This statistic is a stark indication of the increased threat.

    Iranian threats

    Turning specifically to Iran, the regime has become increasingly emboldened, asserting itself more aggressively to advance their objectives and undermine ours.

    This is evidenced by the fact that direct action against UK targets has substantially increased over recent years.

    The Director General of MI5 recently stated that since the start of 2022 the UK has responded to 20 Iran-backed plots, presenting potentially lethal threats to British citizens and UK residents.

    The Iranian regime is targeting dissidents.

    And it is targeting media organisations and journalists reporting on the violent oppression of the regime.

    It is also no secret that there is a long-standing pattern of targeting Jewish and Israeli people internationally by the Iranian Intelligence Services.

    It is clear that these plots are a conscious strategy of the Iranian regime to stifle criticism through intimidation and fear.

    These threats are unacceptable. They must and will be defended against at every turn.

    Now it is a testament to our world-leading law enforcement and intelligence services that through their tireless commitment, so many plots have been thwarted.

    And I am sure the whole House will join me in paying tribute to the brave men and women of our law enforcement and intelligence agencies who work day in, day out to keep us safe.

    In seeking to tackle this threat, we must understand it.

    The Iranian Intelligence Services, which include the Islamic Revolutionary Guard Corps, the IRGC, and the Ministry of Intelligence and Security, or MOIS, direct this damaging activity.

    But often, rather than working directly on UK shores, they use criminal proxies to do their bidding. This helps to obfuscate their involvement, while they sit safely ensconced in Tehran.  

    We see that in intelligence, but we have also seen it publicly, with the conviction in 2023 of the Chechen born Austrian national, who was imprisoned for conducting surveillance on Iran International’s UK headquarters.

    These threats are not only physical in nature.

    The National Cyber Security Centre has also seen malicious cyber activity conducted by Iranian state-affiliated actors targeting a range of state sectors, including in the UK.

    Our response

    The government is absolutely committed to ensuring that our intelligence and law enforcement agencies have the tools they need to disrupt and degrade the threats that we face from Iran.

    So I can announce today that we will place the whole of the Iranian State – including Iran’s intelligence services, the IRGC and MOIS – on to the enhanced tier of the new Foreign Influence Registration Scheme.

    The Foreign Influence Registration Scheme, or FIRS, is a critical disruptive tool for the UK.

    This action will mean that those who are directed by Iran to conduct activities in the UK – such as criminal proxies – must register that activity, whatever it is, or face 5 years in prison.

    They will face a choice – expose their actions to the government, or face jail.

    The Home Office will lay regulations in Parliament as soon as possible, with a view to having the scheme up and running by the summer.

    On proscription, as members will know, we do not routinely comment on groups being considered for proscription, but I can assure the House that we do and will continue to keep the list of groups considered under constant review.

    However, what has become increasingly clear is the challenges inherent in applying our existing counter-terror legislation to state and state-linked threats to our national security.

    This challenge was first raised by the Home Secretary in Opposition. She warned of a lack of a comprehensive strategic approach for state threats to mirror that adopted on terrorism, and the specific difficulties in using a proscription mechanism, designed for groups like Al Qaeda, on state bodies.

    We are progressing work at pace to address this challenge.

    So I can announce today that Jonathan Hall KC has been asked to review the parts of our counter-terrorism framework which could be applied to modern day state threats, such as those from Iran.

    This includes giving specific consideration to the design of a proscription mechanism for state and state-linked bodies, providing more flexibility than is offered under the existing powers.

    As the Independent Reviewer of both State Threats Legislation and of Terrorism Legislation, Mr Hall is perfectly placed to undertake this review and we are grateful for his agreement to provide this advice.

    Let there be no doubt: we are utterly determined to stay ahead of those who threaten our country – and any step that could aid us in that critical endeavour will be considered. 

    But the UK is not alone in facing this threat. States across the western world are threatened by Iran.

    So we will work with our allies to better understand, expose and condemn Iranian actions – and bring Iranian-linked criminals to justice wherever in the world they may be. We regularly collaborate with our Five Eyes and European partners to protect our democracies from hostile Iranian attack.

    Here at home, we are going further too.

    The National Security Act 2023, which was supported on both sides of the House, has given the police new powers to target evolving activity.

    For example, the act criminalises assisting a foreign intelligence service, such as the IRGC or MOIS. The maximum penalty for these offences is 14 years in prison, the same maximum as for a proscription offence.

    And I can also announce that training and guidance on state threats activity is now being offered by Counter Terrorism Policing to all 45 territorial police forces across the UK.

    This will mean that when any frontline officer encounters a suspected state threats incident, they will know what to do and what to look for to ensure that our communities are kept safe. 

    Furthermore, we have recently issued guidance on the National Security Act and how it applies to the UK security profession, including private investigators.

    This ensures they are aware of the law and understand where they may be criminally liable if they are working for any foreign power, such as Iran.

    We will also continue to go after the criminal networks and enablers that Iran uses to carry out its work. The leader of the Zindashti organised crime group, a group frequently used by the Iranian regime, has already been sanctioned.

    We will explore further sanctions against other Iranian-linked criminals and the National Crime Agency will target those who assist the IRGC and others to launder their money.

    Alongside the recently launched Border Security Command, which strengthens Britain’s border security and disrupts criminal smuggling gangs, I have asked officials to consider new ways to enforce our robust immigration rules to specifically address threats from Iran.

    This work will focus on further protecting the UK from Iranian infiltration, including those who promote Iranian interference in the UK.

    I am clear that our response must be a UK-wide effort. So I welcome the Charity Commission’s statutory inquiries into both the Islamic Centre of England and the Al-Tawheed Charitable Trust.

    I have also asked officials to review where any Iranian interference is being conducted in the UK and FIRS will shine more light on any undisclosed relationships between the Iranian state and UK-based institutions and individuals.

    Finally, the National Protective Security Authority and Counter Terrorism Policing will continue to provide protective security advice and support to individuals and organisations threatened by the Iranian regime and its criminal proxies, including Persian language media organisations and their employees.

    And we will continue to maintain funding for protective security measures to synagogues, Jewish community centres and schools, ensuring we do all we can to keep our Jewish communities safe.

    Conclusion

    Madam Deputy Speaker, in a dangerous, volatile world, Britain must lead the way.

    That means proudly promoting our values and straining every sinew to keep our people safe.

    The measures I have set out today should reassure the House and the public about our unflinching commitment to these objectives.

    Under this government, security will be the foundation on which everything else is built.

    We will resist attacks on our way of life as vigorously as we counter threats to life – whatever their source.

    …we will work relentlessly to root out those intent on causing harm on our streets.

    …and we will do whatever it takes to protect our country and our democracy.

    I commend this statement to the House.

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Further breakthrough in using mine water to provide green heat

    Source: United Kingdom – Executive Government & Departments

    Press release

    Further breakthrough in using mine water to provide green heat

    Construction has begun on a major mine water heat project in Seaham that uses a mine water treatment scheme to provide low-carbon heating to affordable homes.

    Work starts at the Seaham Energy Centre.

    Construction has officially begun on a landmark large-scale mine water heat project, building on our ongoing efforts to harness geothermal heat from disused coal mines.

    By utilising water already being pumped to the surface, this project marks a crucial step forward in expanding renewable heat solutions across former coalfield areas.

    The Energy Centre, being built next to the Mining Remediation Authority’s Dawdon mine water treatment scheme in County Durham, will tap into the mine water already being treated there.

    The mine treatment scheme will now provide heat for a new housing development as well as protecting a vital drinking water source.

    Seaham Garden Village is a new mixed-use sustainable community located to the south of Seaham, comprising 1,500 homes, a new primary school, village centre and innovation hubs.

    The mine water heating will provide power to 750 of the homes on the development, delivered by northern housing association Karbon Homes, in partnership with Esh Group.

    The district heat network project has been led by Durham County Council, with the Mining Remediation Authority spearheading the development of the mine water heating initiative.

    Multiple organisations have been involved including Karbon Homes, which is now set to provide 750 affordable homes on the site and has led the way in adopting the mine water heat technology.

    Vital Energi has been appointed to design, build and operate the low-carbon system, and will run the district heat network for the next 40 years.

    The project has benefited from a grant from the Government’s Heat Networks Investment Project which has enabled the project to be delivered. 

    Seaham Garden Village will offer a thriving, sustainable new community on Durham’s heritage coast and play a vital role in local growth.

    The state-of-the-art Energy Centre will capture the geothermal heat from the warm mine water, which remains at a stable underground temperature.

    This heat will be upgraded to domestic heating levels via a heat pump, delivering low-cost and low-carbon heat to new Karbon homes.

    Graphic detailing how the Seaham Garden Village Mine Water Heat scheme will work.

    Richard Bond, innovation and services director at the Mining Remediation Authority, said:

    This scheme is a further milestone in our journey to harness mine water heat to provide sustainable heating solutions across the former coalfields. 

    There is huge potential to utilise our GB-wide water treatment facilities where warm mine water is already being pumped to the surface, and we’re progressing opportunities in multiple regions.

    The mine water heat scheme at Dawdon paves the way demonstrating a further route for mine water to provide low-carbon heat, building on the success of schemes in Gateshead and at Lanchester Wines.

    The Dawdon scheme began treating mine water in 2009 and the Mining Remediation Authority has been researching the possibility of ‘bolting on’ the heat feature to these treatment sites as part of their pioneering work in the geothermal arena.

    This new development follows the success of the Gateshead scheme, the UK’s first large-scale mine water heat network, which began providing heat to homes and businesses in March 2023, as well as another pioneering privately funded scheme nearby at Lanchester Wines warehouses.

    Unlike Seaham Garden Village, the Gateshead projects used boreholes, which were drilled up to 150 metres underground to tap into water in disused mines.

    Mr Bond added:

    With more than 80 mine water treatment schemes across the UK, we see great potential to deliver dual-purpose facilities that protect water supplies and generate renewable heat.

    Whether accessing mine water heat via our treatment schemes or boreholes, the Mining Remediation Authority are proud to offer innovative ways to reduce carbon emissions by repurposing the amazing UK coal-mining heritage.

    Councillor Mark Wilkes, Durham County Council’s cabinet member for neighbourhoods and climate change, said:

    We are delighted to have started work on what will be the UK’s first large-scale mine water heat project that uses a mine water treatment scheme, right here in County Durham.

    This innovative project will have significant environmental benefits – making use of currently untapped heat to keep houses warm, and potentially a school and innovation hubs, and in doing so avoiding the need to use non-renewable sources of energy.

    The affordable properties will also provide a welcome boost to county residents looking to get on the housing ladder, while the prospect of more homes, a school and innovation hubs in the future will attract people looking for somewhere to live, families and those seeking work.

    A lot of planning has gone into this in recent years involving a number of organisations and it’s therefore really exciting to have all the necessary agreements in place and work starting on the ground.

    Paul Fiddaman, chief executive at Karbon Homes, said:

    Our involvement in the delivery of Seaham Garden Village shows our commitment to investing in the area, working with our delivery partner Esh Group to build new affordable homes that help meet local housing need.

    With further commitments to ensuring the homes we build are of the highest quality and energy efficiency, it’s fantastic to partner with Durham County Council and the Mining Remediation Authority to connect our homes to this innovative low carbon heat system, one of the first of its kind in the country.

    Paired with boasting a range of energy efficiency technologies, like solar PV panels, these homes will be well on the way to net zero.

    The new homes from Karbon are part-funded by Homes England through the housing association’s strategic partnership with the government’s housing delivery agency, which has provided Karbon with £165 million in funding, to deliver 2,200 new affordable homes across the North East and Yorkshire over the next few years.

    For media enquiries contact the community response team

    Email communityresponse@miningremediation.gov.uk

    Telephone 0800 288 4211

    For emergency media enquiries (out of hours) call: 0800 288 4242.
    Only urgent media calls will be attended to.

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: 30 projects awarded funding to celebrate Windrush Day

    Source: United Kingdom – Government Statements

    Press release

    30 projects awarded funding to celebrate Windrush Day

    Ahead of Windrush Day on 22 June, 30 projects have received funding to celebrate the Windrush Generation and their descendants

    • Ahead of Windrush Day on 22 June, 30 projects have received funding to celebrate the Windrush Generation and their descendants
    • The money will support community-led initiatives across England to take place this summer, creating more opportunities for people to learn about and commemorate their contribution to the UK
    • An array of projects will receive a share of £500,000 funding to support their activities in celebration of Windrush Day

    Thirty groups have been awarded a share of a £500,000 funding pot dedicated to supporting organisations and projects that commemorate, celebrate and educate people on the contribution of the Windrush Generation.  

    Funding will support projects to deliver an array of events across the country on National Windrush Day, 22 June, that will engage with people across generations to celebrate the legacy of the Windrush Generation and their descendants and the significant contributions they’ve made to the UK’s social, economic and cultural life.

    The funding will support organisations in delivering their projects, helping towards our Plan for Change mission of breaking down barriers to opportunity and enhancing the education of our young people.

    Minister for Faith, Lord Khan said:  

    Our diversity is a great strength of our country, and the Windrush Generation has been fundamental in creating the Britain we have today.  

    Their contributions are vast and broad, extending into all aspects of life, and I’m grateful to all the wonderful organisations we’ve funded this year for their hard work to celebrate their legacy and keep the Windrush memory alive.

    We’re on a mission to break down barriers to opportunity through our Plan for Change and this funding is crucial in helping organisations continue with their incredible work and in supporting the education of our young people on such a vital part of our country’s history.

    Among the many organisations being funded is theatre and arts company Sudden Productions in Birmingham that is bringing older members of the Windrush generation together with African Caribbean Artists to revive songs that bring their memories of Windrush to life. In doing so, they will work together to devise a one-man show, My Songs of Windrush.

    Another, production company Inspiring Audio in South East London, is working with radio station Fun Kids to create a unique three week radio station for children that celebrates Caribbean music while educating the younger generation on the contributions of the Windrush Generation and their descendants.

    Gregory Watson, director at Inspiring Audio said:

    Inspiring Audio is very excited to have been awarded a Windrush Day Grant to create a special radio station – ‘Fun Kids Windrush’ – which will give children a unique opportunity to learn about the arrival and contribution of the Windrush generation and its descendants, and celebrate the sound of the Caribbean – from calypso and soca to steel pan and reggae.

    Between the arrival of HMT Empire Windrush in 1948 and 1971, thousands of people from the Caribbean, including Jamaica, Trinidad, St Lucia, Grenada and Barbados, arrived in the UK to support the county in rebuilding after World War II. In coming to the UK, they helped to rebuild Britain by filling the significant labour shortage as a result of the loss of life during the war. Many had also contributed to the war effort too and were veterans themselves, having bravely answered the call to support the British Armed Forces. 

    Since then, they and their descendants have become leaders and entrepreneurs, nurses and doctors, musicians and athletes – contributing to and enhancing every aspect of our national life to make Britain what it is today.

    This year saw a record number of applicants to the Windrush Day Grant Scheme, reflecting the enthusiasm in communities across the country to celebrate the legacy of the Windrush Generation and ensure generations to come are able to learn about the significant contributions they have had to our national life.

    A full list of projects supported by the Windrush Day Grant Scheme can be found here.

    Notes to editors:

    • Since the Windrush Day Grant Scheme began seven years ago, 268 projects have been funded by a total £3.75m.

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: Deus X Pay Unveils NeXus: Instant, Zero-Cost Cross-Border Transfers

    Source: GlobeNewswire (MIL-OSI)

    VILNIUS, Lithuania, March 05, 2025 (GLOBE NEWSWIRE) — Deus X Pay, a regulated stablecoin payment provider, announced the launch of NeXus, enabling instantaneous transfers at zero cost across the Deus X Pay ecosystem. NeXus addresses the challenge of inter- and intra-company transfers, overcoming major pain points, particularly in cross-border transactions. 

    NeXus eliminates these pain points by offering a real-time transfer network, ensuring immediate and frictionless fund movements between Deus X Pay clients. With this innovative solution, businesses can enhance their financial operations and treasury management.

    Deus X Pay CEO Richard Crook shared his thoughts on the new feature: “NeXus is a game-changer, removing the inefficiencies of cross-border transfers while maintaining the security and reliability our clients expect. By aligning with the G20 Roadmap for Enhancing Cross-Border Payments, we actively contribute to the global goal of lowering costs and improving cross-border payments’ speed, access, and transparency.”

    How It Works:

    • Each Deus X Pay client receives a unique NeXus ID.
    • Using this ID, clients can instantly process cross-border payments, supplier payments, and fund transfers with others in the Deus X Pay ecosystem.
    • Funds move in real time, allowing for seamless business operations and treasury management.

    Deus X Pay’s innovative offering, NeXus, supports the evolving needs of institutions and businesses that require rapid, predictable, and cost-efficient transactions.

    About Deus X Pay
    Deus X Pay is a regulated institutional stablecoin payment provider offering secure and compliant digital asset transaction solutions. The company enables businesses to integrate cryptocurrency payments, ensuring fast and efficient financial operations while maintaining regulatory compliance.

    Contact

    Public Relations Manager
    Tshego Tshangela
    Deus X Pay
    media@deusxpay.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ace6b3b7-5d58-495c-bd70-cc34d92e77cc

    The MIL Network

  • MIL-OSI Economics: World Obesity Day: GlobalData highlights need to tackle stigma and raise awareness on obesity’s growing impact

    Source: GlobalData

    World Obesity Day: GlobalData highlights need to tackle stigma and raise awareness on obesity’s growing impact

    Posted in Pharma

    Every year 04 March is observed as World Obesity Day to challenge stigma and misconceptions surrounding obesity. The day aims to raise public awareness about the condition, which affects over 200 million people in the seven major markets (7MM*). Despite advancements in treatment, many face challenges such as limited access to care, making awareness and better support essential for addressing this growing health issue, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report “Obesity: Seven-Market Drug Forecast and Market Analysis- Update,” reveals that the unmet needs in this space remain, and the arrival of effective weight loss medications onto the market is just one step towards the solution.

    Costanza Alciati, Pharma Analyst at GlobalData, comments: “Many new drugs are expected to reach the obesity market in the next decade: by 2031, GlobalData expects 23 candidates to be approved in the major markets. This will offer a wider range of options for patients, hoping that treatment access will have improved by then.”

    GlobalData forecasts that the number of individuals living with obesity across the 7MM to increase at an annual growth rate (AGR) of 0.7% through 2031.

    Alciati continues: “Some of the biggest issues for patients is access to specialists and affordable treatment. An increased awareness of what this condition entails and what other diseases it can lead to is crucial for people to understand that it is not just some extra weight”.

    The key opinion leaders interviewed by GlobalData are hopeful for the future of obesity treatment, after seeing the improvements over the last five years.

    Alciati concludes: “However, most improvements have come from the pharmaceutical sector, with a lot of investments going into this therapeutic area. Alas, many more changes are still needed in our society and in the food industry to ensure better metabolic health of citizens.”

    *7MM: The US, France, Germany, Italy, Spain, the UK, and Japan.

    MIL OSI Economics

  • MIL-OSI Economics: Diagnosed prevalent cases of prostate cancer across 8MM to reach 4.24 million in 2033, forecasts GlobalData

    Source: GlobalData

    Diagnosed prevalent cases of prostate cancer across 8MM to reach 4.24 million in 2033, forecasts GlobalData

    Posted in Pharma

    The burden of five-year diagnosed prevalent cases of prostate cancer is expected to increase at an annual growth rate (AGR) of 3.10% from around 3.23 million in 2023 to 4.24 million in 2033 across the eight major markets (8MM*), forecasts GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Prostate Cancer: Epidemiology Forecast to 2033,” reveals that the increase is partly attributed to the increased survival rate of prostate cancer patients due to modern medicine, combined with underlying demographic changes in the respective markets.

    The prevalence of prostate cancer is known to vary depending on the market region. According to GlobalData epidemiologists, the US had the highest number of five-year diagnosed prevalent cases of prostate cancer in 2023 with 1.11 million cases, whereas Spain had the lowest number of prevalent cases at 128,000.

    Bishal Bhandari, PhD, Associate Director of Epidemiology at GlobalData, comments: “The growth of the five-year diagnosed prevalent cases of prostate cancer in the 8MM is the result of longer life expectancy and an increase in the incidence of the disease. The patient survivals are also steadily rising, due to improved prevention, early diagnosis, and treatment. In 2023, only 25% of the diagnosed prevalent cases of prostate cancer in the 8MM were in advanced stages.”

    GlobalData epidemiologists also observed an age difference in prostate cancer. The biggest risk factor for prostate cancer is advancing age. This forecast reflects the burden in older men; in 2023, more than 85% of cases occurred in men ages 60 years and older. Only 1% of cases occurred in men younger than age 50 years.

    Bhandari concludes: “A major factor that will impact the epidemiology of prostate cancer cases in the coming years will be the role of prostate-specific antigen (PSA) testing for prostate cancer screening. PSA screening can detect prostate cancer early, but it can also result in the detection of non-life-threatening tumors, causing unnecessary anxieties. Therefore, PSA screening guidelines vary between countries and have changed over time. Future changes in PSA screening guidelines would likely have a major impact on the diagnosis of prostate cancer cases.”

    *8MM: The US, France, Germany, Italy, Spain, the UK, Japan, and China

    MIL OSI Economics

  • MIL-OSI: Tata Electronics, Himax Technologies and Powerchip Semiconductor Manufacturing Corporation Form Alliance to Revolutionize India’s Display and Ultralow Power AI Sensing Product and Technology Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    TAINAN and HSINCHU, Taiwan and MUMBAI, India, March 05, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), an industry leader in fabless display driver ICs and other semiconductor products, today announced a Memorandum of Understanding (MoU) with Tata Electronics, a pioneering leader in India’s electronics manufacturing sector, and Powerchip Semiconductor Manufacturing Corporation (PSMC), a leading Taiwanese Foundry and Technology Transfer Partner of Tata Electronics, to revolutionize India’s display and ultralow power AI sensing product and technology ecosystem. This MoU marks a significant step forward for Tata Electronics, Himax, and PSMC in expanding their market outreach and jointly exploring the growing market of display semiconductors and ultralow power AI sensing in India as well as globally.

    Tata Electronics, Himax, and PSMC aim to leverage their respective strengths to deliver comprehensive, end-to-end display semiconductor solutions for their mutual customers, from chip design to chip manufacturing and packaging, as well as electronics manufacturing services (EMS) to deliver system-level solutions, to both the Indian and global markets. The parties will collaborate closely to develop solutions focusing on “Made in India” requirements. The partnership also encompasses designing and manufacturing next-generation solutions to meet global demand while enhancing supply chain resilience.

    Building on the landmark 2024 agreement between Tata Electronics and PSMC to establish advanced semiconductor manufacturing capabilities in India, today’s announcement paves the way for innovative display solutions tailored to the domestic market.

    Dr Randhir Thakur, CEO and MD of Tata Electronics, said, “This MoU with Himax and PSMC will enable the development of differentiated solutions for display-related semiconductor products for our mutual customers. By combining Tata Electronics’ capabilities with Himax’s unparalleled expertise in display semiconductors and WiseEye™ ultralow power AI sensing and PSMC’s proven manufacturing solutions, we are creating a powerful ecosystem that addresses both domestic and global needs for the display semiconductor market. Together, we will drive innovation and develop next-generation technologies to meet the growing demands of display and ultralow power AI sensing technologies across key industries while contributing to a resilient semiconductor supply chain.”

    Mr. Jordan Wu, Co-Founder and CEO of Himax Technologies, Inc., said, “We are delighted to join forces with Tata Electronics and PSMC to drive innovation in India’s rapidly expanding display semiconductor market. India is emerging as a key hub for electronics development and manufacturing, presenting immense opportunities for growth and technological advancement. Through this collaboration, we aim to bring Himax’s industry-leading expertise in display semiconductors and WiseEye™ ultralow power AI sensing to support India’s ‘Made in India’ initiative while enhancing global supply chain resilience. This partnership underscores our commitment to delivering cutting-edge display solutions that cater to the evolving needs of both Indian and international markets.” 

    Mr. Martin Chu, President of PSMC, said, “PSMC’s portfolio of semiconductor fabrication technologies is well-suited to meet the growing ‘Made in India’ requirements. We look forward to this partnership with Tata Electronics and Himax, as it provides a unique opportunity to expand our collective footprint and gain significant share in both the domestic and global display semiconductors and ultralow power AI sensing markets.”

    About Tata Electronics Private Limited
    Tata Electronics Pvt. Ltd. is a prominent global player in the electronics manufacturing industry, with fast-emerging capabilities in Electronics Manufacturing Services, Semiconductor Assembly & Test, Semiconductor Foundry, and Design Services. Established in 2020 as a greenfield venture of the Tata Group, the company aims to serve global customers through integrated offerings across a trusted electronics and semiconductor value chain. With a rapidly growing workforce, the company currently employs over 65,000 people and has significant operations in Gujarat, Assam, Tamil Nadu, and Karnataka, India. Tata Electronics is committed to creating a socio-economic footprint by employing many women in its workforce and actively supporting local communities through initiatives in environment, education, healthcare, sports and livelihood.

    About Powerchip Semiconductor Manufacturing Corporation
    Powerchip Semiconductor Manufacturing Corporation (PSMC) is the world’s seventh-largest pure-play foundry, with four 12-inch and two 8-inch fabs in Taiwan, capable of producing over 2.1 million 12-inch equivalent wafers annually. Since its establishment in 1994, the company transitioned successfully from DRAM manufacturing to advanced foundry services for memory and logic chips. Ranked seventh in global semiconductor ESG evaluations, PSMC demonstrates strong governance and environmental commitment. In May 2024, PSMC’s new 12-inch fab in Taiwan’s Tongluo Science Park began operations with a planned capacity of 1.2 million wafers annually, using advanced 28nm and wafer stacking technologies.

    About Himax Technologies, Inc.
    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ ultralow power AI sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,649 patents granted and 402 patents pending approval worldwide as of December 31, 2024.

    http://www.himax.com.tw

    Forward Looking Statements
    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

    Himax Contacts

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw
      
    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network

  • MIL-OSI United Kingdom: Nobody should be harassed accessing healthcare

    Source: Scottish Greens

    Abortion rights are human rights.

    The anti-choice protests beginning this week will be a major test of Scotland’s safe access zones, says Scottish Green MSP Gillian Mackay.

    Speaking on the morning of expected protests near to the Queen Elizabeth Hospital in Glasgow, Ms Mackay has said that she will work with Police Scotland to ensure that laws are followed.

    Ms Mackay introduced the bill that secured 200 metre wide safe access zones, or buffer zones, around abortion service providers to stop the intimidating anti-choice protests that have taken place across Scotland.

    Ms Mackay said:

    “The days ahead will be a real test of my Safe Access Zones Act. I will work with Police Scotland and health providers to ensure that it is upheld and that people are able to access healthcare free from intimidation and harassment.

    “For far too long women have had to endure totally unacceptable abuse and obstruction outside hospitals. It should never have happened, and my Act to stop it received the overwhelming support of our parliament.

    “I urge anyone else who is planning to protest to look at the testimonies from people who have had to endure gauntlets of graphic banners and ask themselves if they really want to be responsible for causing even more pain and upset.”

    Ms Mackay added:

    “Abortion rights are human rights. They were long fought for and, especially when they are being undermined and eroded in the US and beyond, I will always stand up for the right to choose.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Last chance to get free flu vaccinations

    Source: City of Wolverhampton

    They can get it without an appointment at one of a number of pop-up clinics being held in Wolverhampton until the end of the month including Sainsburys, Bentley Bridge, from 11am to 6pm on Thursdays 6 March and 20 March; Queen Square, Wolverhampton, from 9am to 3pm on Fridays 7 March and 21 March; and Sainsburys, Raglan Street, Wolverhampton, from 9am to 3pm on Thursdays 13 March and 27 March.

    Among those eligible are adults aged 65 years and over, people who live in a care home for older adults, people aged 6 months to 64 years with health conditions that make them more vulnerable, frontline health and social care staff including those working in care homes for older adults, and pregnant women.

    Councillor Jasbir Jaspal, the City of Wolverhampton Council’s Cabinet Member for Adults and Wellbeing, said: “It’s vital that we all do everything we can to protect ourselves from illnesses such as flu, especially those of us who may be at higher risk.

    “I would therefore encourage anyone who is yet to have their flu vaccination to get it at one of the pop-up clinics taking place over the next few weeks.”

    Anyone not eligible for a free flu vaccination is reminded that they can still get it for a small charge at participating pharmacists.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: City celebrates its young carers

    Source: City of Wolverhampton

    Members of the City of Wolverhampton Council’s Carer Support Team have organised an information pop up at St Regis School, Tettenhall, to highlight the important role of young carers to teaching staff, and to encourage young carers to get help and support.

    It is the latest in a series of events organised by the team in conjunction with Amethyst Academies and the Three Spires Trust, which has seen similar pop-ups at St Peter’s, Moreton and Aldersley schools.

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education, said: “In the 2021 census some 900 young people in Wolverhampton identified themselves to be young carers, but we know through the work we have completed with local schools there are many more young people with caring roles within the city.

    “Each and every one of them is willingly giving their time to look after someone else, perhaps because they have physical or learning disability or because they are struggling with mental issues or substance misuse.

    “In many cases, young carers often take on practical or emotional caring responsibilities that would normally only be expected of grown ups, and this can leave them feeling isolated and unsupported and like they are missing out on their childhood.

    “Clearly it is an incredibly challenging role for young people to take on, and I’d encourage young carers and their families to speak to our Carer Support Team for help and advice.”

    The theme of Young Carers Action Day 2025 is ‘Give Me a Break’ and already this year the Carer Support Team has provided young carers with free tickets to the Black Country Living Museum, the cinema and The Way Youth Zone. A group of young carers enjoyed the Grand Theatre pantomime courtesy of Tettenhall Rotary Club, while a monthly young carers group meets at Base 25 giving young carers the chance to meet, chat and play board games.

    Wolverhampton’s Carer Support Team provides help and guidance for young carers aged between 5 and 18, alongside its wider offer to adult carers. To find out more, please call 01902 553409, email wolverhamptonyoungcarers@wolverhampton.gov.uk or visit Carer support.

    MIL OSI United Kingdom

  • MIL-OSI: DNO Participates in Mistral Discovery; Eyes Quick Tieback

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 5 March 2025 – DNO ASA, the Norwegian oil and gas operator, today confirmed a gas/condensate discovery on the Mistral prospect in the Norwegian Sea license PL1119 in which the Company’s wholly-owned subsidiary DNO Norge AS recently acquired a 10 percent interest.

    The well encountered a 45-meter hydrocarbon column with good reservoir properties in the Garn Formation. Preliminary estimates of gross recoverable resources encountered are in the range of 19-44 million barrels of oil equivalent. In addition to DNO, license partners include Equinor Energy AS (50 percent and operator), OKEA ASA and Pandion Energy AS (20 percent each).

    Located some 20 kilometers southwest of Equinor’s ongoing Lavrans subsea development, the Mistral discovery is a candidate for a fast-track tieback to this field. Given the good reservoir properties, the discovery likely allows for simplified development solutions.

    To diversify its exploration portfolio, DNO entered into the Mistral license through a swap agreement with OKEA announced on 19 December 2024, shortly before spud date of the discovery well. In exchange, OKEA picked up a 10 percent interest in North Sea license PL1109 containing the Horatio prospect, in which DNO has retained a 20 percent interest. Exploration drilling is ongoing at Horatio. The DNO-OKEA transaction is subject to government approval.

    Further south, DNO is currently drilling its Kjøttkake exploration well in North Sea license PL1182S in which the Company holds a 40 percent operated stake.

    – 

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

    – 

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands and Yemen.

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

    The MIL Network

  • MIL-OSI: Volta Finance Limited – Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA/VTAS)

    Dividend Declaration

    NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION,
    IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

    Guernsey, 5 March 2025

    Volta Finance Limited (“the Company”) hereby announces that it has declared a quarterly interim dividend of €0.155 per share payable on 3 April 2025 amounting to approximately €5.67 million, approximately equating to an annualised 8% of net asset value. The ex-dividend date is 13 March 2025 with a record date of 14 March 2025.

    The Company has arranged for its shareholders to be able to elect to receive their dividends in either Euros or Pounds Sterling. Shareholders will, by default, receive their dividends in Euros, unless they have instructed the Company’s Registrar, Computershare Investor Services (Guernsey) Limited (“Computershare”), to pay dividends in Pounds Sterling.  Such instructions may be given to Computershare either electronically via CREST or by using the Currency Election Form which has been posted to shareholders and a copy of which is also available on the website www.voltafinance.com within the “Investors – Other Documents” section. The deadline for receipt of currency elections is 12:00 (midday) on 17 March 2025.

    CONTACTS
    For the Investment Manager
    AXA Investment Managers Paris
    François Touati
    francois.touati@axa-im.com
    +33 (0) 1 44 45 80 22

    Olivier Pons
    Olivier.pons@axa-im.com
    +33 (0) 1 44 45 87 30

    Company Secretary and Administrator
    BNP Paribas S.A., Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com 
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Securities plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialized in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,800 professionals and €859 billion in assets under management as of the end of June 2024.  

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    The MIL Network

  • MIL-OSI: Trifork subsidiary TestHuset partners with Cognizant on Testing-as-a-Service in Denmark

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Trifork subsidiary TestHuset partners with Cognizant on Testing-as-a-Service in Denmark

    Copenhagen, 5 March 2025 – TestHuset, a leading company in software testing and quality assurance in Denmark, has entered into a partnership with the U.S.-based company Cognizant to introduce a new perspective on software testing and quality assurance in Denmark.

    The partnership was established as part of KOMBIT’s recent tender, which was jointly awarded to Cognizant and TestHuset. Beyond KOMBIT, the collaboration will also extend to support other clients of both Cognizant and TestHuset. The partnership is anchored in TestHuset’s strong local presence in Denmark and is further strengthened by Cognizant’s experience with Testing-as-a-Service (TaaS) and its international reach through both nearshore and offshore resources.

    KOMBIT’s tender is focused locally on TaaS, and TestHuset expects it will set a precedent for how large Danish private and public organizations will approach software quality assurance in the future. TestHuset anticipates growing demand for on-site TaaS teams supported by products that provide complete, data-driven insights into software quality. To meet this demand, TestHuset offers solutions such as Trifork Quality Intelligence, which delivers a holistic and transparent view of quality, along with a new AI-powered tool that accelerates testing and quality assurance for customers’ digital solutions.

    Allan Tange, CEO of TestHuset, comments:

    “KOMBIT’s tender is both ambitious and innovative, setting new standards for how organizations can rethink their approach to testing and quality assurance of their digital solutions. Our partnership with Cognizant has the potential to significantly enhance the quality of digital solutions across many large Danish enterprises. We are very excited to present our new concept to customers of both Cognizant and TestHuset in the near future.”

    Thomas Djursø, Country Manager at Cognizant, adds:

    “Together with TestHuset, we have created a strong setup for TaaS. With TestHuset’s experience and senior specialists working closely with Cognizant’s team in Denmark, we provide a robust on-site foundation for TaaS. This is further enhanced by Cognizant’s ability to scale through nearshore and offshore delivery and our significant investments in test automation and generative AI. Combined, this ensures that our customers can transition to TaaS with a focus on quality, speed of transformation, and efficiency gains.”

    Investor and media contact
    Frederik Svanholm
    Group Investment Director, Head of IR & PR
    frsv@trifork.com, +41 79 357 7317

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    About TestHuset
    Founded in 2005, TestHuset is a leading quality assurance company helping large organizations improve their software quality. Since 2018, TestHuset has been part of the international development company Trifork. TestHuset delivers consulting, services, and competence development on both local and global levels. TestHuset is headquartered in Copenhagen with 75+ employees in Denmark, Sweden, and Spain. Learn more at testhuset.dk.

    About Cognizant
    Cognizant (Nasdaq: CTSH) is a leading global technology and consulting company that transforms modern businesses, enabling them to operate intuitively and proactively. Cognizant has 340,100 employees and generated $19.4 billion in revenue in 2023. Cognizant helps clients modernize technology, rethink processes, and transform experiences to remain competitive in a rapidly changing world. Together, we are improving everyday life. Learn more at www.cognizant.com or follow @cognizant.

    Attachment

    The MIL Network

  • MIL-OSI: Atos reports full year 2024 results

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Atos reports full year 2024 results

    Recovery of the commercial activity in Q4 2024

    • Q4 order entry at €2.7 billion
    • Q4 book to bill at 117%, +9 points vs Q4 2023, benefitting from the signature of large multi-year contract renewals and wins
    • FY 2024 book to bill at 82% vs 94% in prior year

    FY 2024 revenue: €9,577 million, down -5.4% organically, impacted by previously-established contract terminations or scope reductions and by market softness in key geographies

    • Eviden: down -6.7% organically
    • Tech Foundations down -4.1% organically

    Operating margin of 2.1% at €199m, with Eviden at 2.0% and Tech Foundations at 2.2%

    • Down -210 bps organically compared with FY 2023, mainly due to the allocation to the business of SG&A costs previously allocated to Other Operating Income & Expenses, as part of the separation project in prior year
    • Operating margin includes circa €40 million of provision for underperforming contracts following negotiations with customers

    Free cash flow at €-2,233 million reflecting the end of one-off working capital optimization actions and higher capex linked to High Performance Computing contracts

    • Working capital optimization at December 2024 of €0.3 billion compared to €1.8 billion in prior year
      • Consisting solely of customer invoices paid in advance without any discount and on a pure voluntary basis;
      • No usage at all of account receivable factoring or specific optimization on trade payables.

    Net income group share of €248 million, including notably:

    • €3,520 million income from the financial restructuring, including a €2,766 million gain on the debt-to-equity swap and €965 million IFRS 9 debt fair value treatment, which will be amortized in subsequent years
    • Goodwill and other non-current assets impairment charge of €2,357 million, reflecting the decrease of the Group’s enterprise value, which takes into account a lower fair value of the financial debts and a lower market capitalization

    Paris, March 5, 2025 – Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its 2024 financial results.

    Philippe Salle, Atos Chairman of the Board of Directors and Chief Executive Officer, declared:

    “It was with great enthusiasm and conviction that I have joined the Atos Group in October 2024. Now that our financial restructuring has been successfully completed in December, the Group can focus on its transformation journey and on providing the highest level of support to our customers through innovation and quality of service. I will present my vision for Atos and our mid-term strategy during a Capital Markets Day on May 14.

    During the fourth quarter, our commercial activity recovered thanks to the positive change of perception of our clients, who took note of the improvement of our credit rating. This positive commercial momentum materialized in renewals or extensions of large strategic multi-year contracts.

    I would like to take this opportunity to sincerely thank the teams involved for their outstanding contribution to the financial structuring of the company and to our employees, customers and partners for their continued support.”

    FY 2024 performance highlights

    In € million FY 2024 FY 2023 Var.   FY 2023* Organic Var.
    Revenue 9,577 10,693 -10.4%   10,124 -5.4%
    Operating Margin 199 467 -268   423 -224
    In % of revenue 2.1% 4.4%   -230bps   4.2%    -210bps
    OMDA 722 1,026 -304      
    In % of revenue 7.6% 9.6%   -200bps      
    Net income 248 -3,441 3,689      
    Free Cash Flow -2,233 -1,078 -1,154      
    Net debt excl. IFRS 9 fair value treatment -1,238 -2,230 992      
    Net debt -275 -2,230 1,955      

    *: at constant scope and December 2024 average exchange rates

    FY 2024 performance by Business

    In € million FY 2024
    Revenue
    FY 2023
    revenue
    FY 2023
    revenue*
    Organic variation*
    Eviden 4,604 5,089 4,937 -6.7%
    Tech Foundations 4,972 5,604 5,187 -4.1%
    Total 9,577 10,693 10,124 -5.4%
    In € million FY 2024
    Operating margin
    FY 2023 Operating margin FY 2023
    Operating margin*
      FY 2024
    Operating margin %
    FY 2023 Operating margin% FY 2023 Operating margin%* Organic variation*
    Eviden 90 294 272   2.0% 5.8% 5.5% -350 bps
    Tech Foundations 109 172 151   2.2% 3.1% 2.9% -70 bps
    Total 199 467 423   2.1% 4.4% 4.2% -210 bps

    *: at constant scope and December 2024 average exchange rates

    Group revenue was €9,577 million, down -5.4% organically compared with FY 2023. Overall, Group revenue evolution in 2024 reflects previously-established contract terminations or scope reductions and market softness in key geographies

    Eviden revenue was €4,604 million, down -6.7% organically.

    • Digital activities decreased high single digit. The business was impacted by previously-established contract terminations and contract scope reductions, as well as by the continued market softness in North America, in the UK & Ireland and in Benelux and the Nordics.
    • Big Data & Security (BDS) revenue was roughly stable organically. Advanced Computing grew mid-single digit with large project deliveries in Denmark and Germany particularly during the fourth quarter. Revenue in Digital Security decreased low single digit due to contract terminations and volume decline.

    Tech Foundations revenue was €4,972 million, down -4.1% organically.

    • Core revenue (excluding BPO and value-added resale (“VAR”)) decreased low single digit. Stronger revenue in Major Events (related to the Paris Olympic & Paralympic games and the UEFA) was offset by previously-established contract terminations and completions in North America and by contract scope and volume reduction in the UK.
    • Non-core revenue declined high single digit as planned, reflecting deliberate reduction of BPO activities in the UK and reduced value-added resale for hardware and software products.

    Group operating margin was €199 million representing 2.1% of revenue, down -210 basis points organically compared with 2023:

    • This margin decrease comes mainly from the allocation to the business of €103 million SG&A costs previously allocated to Other Operating Income & Expenses as they related to the separation project conducted in 2023. The profitability of the Group was also impacted by revenue decrease and lower utilization of resources. Operating margin also includes circa €40 million of provision for underperforming contracts following negotiations with customers
    • Eviden’s operating margin was €90 million or 2.0% of revenue, down -350 basis points organically. Beyond the allocation of SG&A costs to the business for €48 million, profitability was also impacted by revenue decrease and lower utilization of resources.
    • Tech Foundations’ operating margin was €109 million or 2.2% of revenue down by -70 basis points organically. The positive impacts from the continued execution of the transformation program and the accelerated reduction of under-performing contracts via renegotiation were offset by higher allocation of SG&A cost to the business for €55 million.

    FY 2024 performance by Regional Business Unit

    In € million FY 2024
    Revenue
    FY 2023
    revenue
    FY 2023
    revenue*
    Organic variation*
    North America 1,909 2,280 2,177 -12.3%
    UK / IR 1,500 1,770 1,763 -14.9%
    Benelux and the Nordics (BTN) 946 911 905 +4.6%
    Central Europe 2,207 2,506 2,253 -2.1%
    Southern Europe 2,080 2,284 2,119 -1.9%
    Growing markets 924 930 893 +3.4%
    Others & Global structures 11 12 13 -16.3%
    Total 9,577 10,693 10,124 -5.4%
    In € million FY 2024
    Operating margin
    FY 2023 Operating margin FY 2023
    Operating margin*
      FY 2024
    Operating margin %
    FY 2023 Operating margin% FY 2023 Operating margin%* Organic variation*
    North America 161 244 229   8.5% 10.7% 10.5% -200 bps
    UK / IR 72 75 77   4.8% 4.2% 4.3% +40 bps
    Benelux and the Nordics (BTN) 7 23 23   0.8% 2.5% 2.5% -170 bps
    Central Europe 10 31 23   0.5% 1.3% 1.0% -60 bps
    Southern Europe 80 99 82   3.9% 4.3% 3.9% +0 bps
    Growing markets 31 92 88   3.4% 9.9% 9.9% -650 bps
    Others & Global structures -163 -97 -98   N/A N/A N/A N/A
    Total 199 467 423   2.1% 4.4% 4.2% -210 bps

    *: at constant scope and December 2024 average exchange rates

    North America revenue was €1,909 million, down -12.3% organically, impacted by contract terminations and general slowdown in market conditions.

    • Eviden revenue was down double digit, impacted by contract terminations and volume decline in Healthcare, Finance, and Transport & Logistics. BDS revenue remained stable.
    • Tech Foundations revenue was down high single digit due to contract completions and terminations in Media and in Insurance, as well as scope reductions with select customers.

    Operating margin was €161 million or 8.5% of revenue, down -200 basis points organically.

    • Eviden’s margin declined, impacted by volume reduction and contract terminations.
    • Tech Foundations margin declined, due to lower utilization of resources and volume reduction.

    UK & Ireland revenue was €1,500 million, down -14.9% organically.

    • Eviden revenue was down double digit. Digital revenue decreased, reflecting contract completions and volume reduction in the Public Sector. BDS revenue decreased as well, following the discontinuation of the low-margin “computing as a service” offering.
    • Revenue in Tech Foundations was down double digit, due to contract completion in Public Sector BPO activities.

    Operating margin was €72 million, or 4.8% of revenue, up +40 basis points organically. Tech Foundations margin benefited from the extension of a large multi-year contract renewed at better financial terms, while Eviden margin was impacted by revenue decline and lower utilization of resources in Digital.

    Benelux and the Nordics revenue was € 946 million, up +4.6% organically

    • Eviden revenue was up double digit, thanks particularly to BDS, with a new supercomputer sold to an innovation center in Denmark.
    • Revenue in Tech Foundations was down low single digit, with contract completions and volume decline in Healthcare and in Utilities.

    Operating margin was €7 million, or 0.8% of revenue, down -170 basis points organically. Profitability was impacted by project overruns and lower utilization of resources in Digital.

    Central Europe revenue was € 2,207 million, down -2.1% organically.

    • Eviden revenue was down low single digit. Decline in Digital due to volume reduction from Manufacturing and Defense customers was partially offset by the ongoing delivery of a large HPC in Germany.
    • Tech Foundations revenue was down low-single digit, reflecting scope reductions in the Banking and Automotive sectors.

    Operating margin was €10 million or 0.5% of revenue, down -60 basis points organically. Tech Foundations’ margin improvement was offset by Eviden’s profitability decrease.

    Southern Europe revenue was €2,080 million, down -1.9% organically.

    • Eviden revenue was down low-single digit. Digital activities declined due to volume reduction in Automotive, Transport & Logistics and Banking sectors. The delivery of a supercomputer project in Spain provided a higher prior year comparison basis for BDS.
    • Tech Foundations revenue declined low single digit due to contract completions with select customers.

    Operating margin was €80 million or 3.9% of revenue, broadly stable organically. BDS’ margin improvement driven by ongoing contracts deliveries was partially offset by Eviden profitability decrease due to lower utilization of resources in Digital.

    Growing Market revenue was €924 million, up +3.4% organically, reflecting stronger contributions related to the Paris Olympic & Paralympic Games and the UEFA contract.

    Operating margin was €31 million or 3.4% of revenue, down -650 basis points reflecting higher marketing expenses for Major Events.

    Others and Global Structures encompass the Group’s global delivery centers and global structures:

    • Global delivery centers net cost was €-72 million, broadly stable compared with last year.
    • Global Structures net cost was €-91 million and increased by €65 million, impacted by higher SG&A costs allocated to Operating margin in 2024 (rather than allocated to Other Operating Income, as part of the separation project in prior year).

    Order entry and backlog

    FY 2024 commercial activity

    Order entry reached €7.9 billion in 2024. Eviden order entry was €4.1 billion and Tech Foundations order entry was €3.8 billion.

    Book-to-bill ratio for the Group was 82% in 2024, down from 94% in 2023.

    • Eviden reported a book-to-bill ratio of 88% in 2024, down from 94% in 2023
    • Tech Foundations reported a book-to-bill ratio of 76% in 2024, down from 94% in 2023

    Q4 2024 commercial activity

    Order entry reached €2.7 billion in Q4 2024 bringing book to bill ratio to 117% for the quarter, benefitting from renewed client confidence thanks to the completion of the financial restructuring.

    Eviden reported a book-to-bill ratio of 111% for the fourth quarter, increasing strongly by +12 points compared with Q4 2023, notably led by a strong performance of Digital with a book to bill at 127%.
    Main contract signatures in the fourth quarter included an application management services contract with a Ministry of Economy, contract renewals in application management and cybersecurity services with a large American retail company and with a large health provider, as well as a High-Performance Computer (HPC) upgrade with a European scientific community.

    Tech Foundations reported a book-to-bill ratio of 122% for the fourth quarter, increasing by +6 points compared with Q4 2023.
    Main contract signatures in the fourth quarter included a 4-years contract extension for IT and digital transformation services with a state-owned savings bank. Several multi-year strategic contracts were renewed, in particular to provide Digital Workplace and Hybrid Cloud & Infrastructure services for North American and UK & Ireland customers in Financial Services, Public Sector, and Transport & Logistic.

    Backlog & commercial pipeline

    At the end of December 2024, the full backlog reached €13.0 billion representing 1.3 years of revenue.

    The full qualified pipeline amounted to €4.3 billion at the end of December 2024, representing 5.1 months of revenue.

    Human resources

    The total headcount was 78,112 at the end of December 2024, decreasing by -17.9% compared with the end of December 2023 and includes:

    • Transfers of 4,900 employees to new providers in Q3 2024 following contract completions in North America and in the UK. Excluding these transfers, headcount has decreased by circa -13%,
    • Worldgrid disposal in Q4 2024 (-973 employees).

    During the year, the Group hired 9,388 staff (of which 93.3% were Direct employees).

    Employe attrition rate remained in line with historical levels, increasing slightly from 14.5% in 2023 to 15.6% in 2024. FY 2024 retention rate for key employees remained high at 92%.

    Net income

    Net income group share was €248 million, primarily due to a €3,520 million financial gain related to the financial restructuring of the Group and a €2,858 million cost recorded in Other Operating Income and Expenses, which included a €2,357 million impairment charges on goodwill and non-current assets.

    Free cash flow

    Free cash flow was €-2,233 million in 2024 reflecting primarily the end of one-off working capital optimization actions resulting in a negative change in working capital requirement for €1,498 million and higher capex linked to HPC contracts for €239 million.

    Net debt and debt covenants

    At December 31, 2024, net debt was €1,238 million (€275 million including IFRS 9 debt fair value treatment), compared to € 2,230 million as of December 31, 2023. and consisted of:

    • Cash and cash equivalents for €1,739 million
    • Short-term financial assets for €93 million
    • Borrowings for €3,069 million (nominal value) or €2,107 million (IFRS fair value)

    The new credit documentation requires the Group to maintain:

    • from 31 March 2025, a minimum liquidity level of €650 million, to be verified at the end of each financial quarter;
    • from 30 June 2027, as from each half-year end, a maximum level of financial leverage (“Total Net Leverage Ratio Covenant”), which is defined as the ratio of Financial indebtedness (mainly excluding IFRS 16 impacts and IFRS 9 debt fair value treatment) to pre-IFRS 16 OMDA; the ceilings thus applicable will be determined no later than 30 June 2026 with reference to a flexibility of 30% in relation to the Business Plan adopted by the Group at that time; these ceilings will in any event remain between 3.5x and 4.0x.

    As at December 31, 2024, the Group financial leverage (as defined above and pre IFRS 9 debt fair value treatment) was 3.16x.

    Going concern and liquidity

    The consolidated financial statements of the Group for the year ended December 31, 2024 have been prepared on a going concern basis.

    The Group’s cash forecasts for the twelve months following the approval of the 2024 consolidated financial statements by the Board of Directors, result in a cash situation that meets its liquidity needs over that period.

    The cash forecasts, which take into account the latest business forecasts, have been prepared based on the assumptions which were in line with the Group updated business plan communicated on September 2, 2024.

    It is reminded that as part of its financial restructuring and following the completion on 18 December 2024 of the final steps of the Accelerated Safeguard Plan approved by the specialized Commercial Court of Nanterre on 24 October 2024, which resulted in:
    (i)      a €2.1 billion gross debt reduction through the equitization of €2.9 billion of existing financial debts and the repayment of €0.8 billion interim financings with the new money debt provided to the Company;

    (ii)      €1.6 billion of new money debt and €0.1 billion of new money equity from the rights issue and the additional reserved capital increase and

    (iii)      no debt maturities before the end of 2029,

    the Group now has the resources and flexibility to execute its midterm strategy.

    Operating margin to Operating income

    In € million 2024 2023
    Operating margin 199 467
    Reorganization -119 -696
    Rationalization and associated costs -37 -38
    Integration and acquisition costs 3 4
    Amortization of intangible assets (PPA from acquisitions) -57 -108
    Equity based compensation -2 -19
    Impairment of goodwill and other non-current assets -2 357 -2 546
    Other items -288 -169
    Operating (loss) -2 659 -3 106

    Non recurring items were a net expense of €2,858 million.

    Reorganization costs amounted to € 119 million.

    • Workforce adaptation measures relating mainly to restructuring plans launched in previous years were €77 million compared with €343 million in 2023, as the Group limited restructuring expenses to manage its cash position in 2024.
    • Separation and transformation related to the 2023 legal carve-out were incurred mostly at the start of the year for €42 million. In 2023, these costs amounted to €353 million, of which about one third corresponded to internal project costs.

    Rationalization and associated costs amounted to € 37 million compared to € 38 million in 2023, mainly corresponding to the continuation of the data centers consolidation program.

    Integration and acquisition costs amounted to € 3 million as certain earn-out and retention schemes did not materialize and were thus released to the income statement.

    Amortization of intangible assets recognized in the purchase price allocation amounted to €57 million and was mainly composed of Syntel customer relationships and technologies.

    Impairment of goodwill and other non-current assets amounted to € 2,357 million and mostly related:

    • To the impairment of goodwill for € 2,240 million in both Eviden (Americas and Northern Europe & APAC) and Tech Foundations (Northern Europe & APAC), and ;
    • To the impairment of customer relationships for € 109 million in Americas as a result of customer contract terminations.

    In 2024, Other items were a net expense of €288 million compared with €169 million in 2023 and included:

    • €74 million of net capital gain related to the sale of Worldgrid offset by additional losses recognized on past transactions ;
    • €160 million of losses related to onerous contracts that were accounted for in OOI in previous years;
    • €96 million of legal fees and settlement related to major litigations, including the settlement concluded with Unisys in December;
    • €78 million of current assets write offs; and
    • €28 million of costs related to early retirement programs in Germany, the UK and France as well as others non-recurring items.

    As a result, operating loss was at €-2,659 million, compared with a loss of €-3,106 million in 2023, reflecting primarily the €2,357 million impairment charge.

    Operating Income to Net income Group Share

    In € million 2024 2023
    Operating (loss) -2,659 -3,106
    Net financial income (expense) 3,121 -227
    Tax charge -214 -112
    Non-Controlling interests -1
    Share of net profit of equity-accounted investments 5
    Net income (loss) Group Share 248 -3,441
    Basic earning per share 0.034 -31.04
    Diluted earning per share 0.031 -31.04

    Net financial income was €3,121 million and was composed of:

    • The net cost of financial debt of €178 million, compared with €102 million in 2023. This €76 million increase mainly resulted from:
      • €38 million higher cost on the old debt (additional portions drawn on the RCF and higher interest rates on the Term Loan A);
      • €13m interests on the interim financing;
      • €12m interests on the new financing structure.
    • Other financial items for a net income of € 3,299 million in 2024 compared to net expense of € 125 million in 2023, composed mainly of:
      • The gain related to the financial restructuring of the Group for €3,520 million, detailed as follows:
    In € million 2024
    Fair value gain on the debt converted into equity 2,766
    Fair value gain on the new debt 965
    Fair value of the issued warrants -45
    Subtotal at financial restructuring date 3,686
    Costs and fees reported in the income statement -165
    Impact reported under the other financial income 3,520
    • Other items of €221 million, including notably:
      • €78 million of exit fees on Interim financing loans repaid as part of financial restructuring on December 18, 2024;
      • €36 million lease liability interest (€26 million in 2023). This variation mainly resulted from the increase in discount rates;
      • €30 million financial expense on pensions(€31 million in 2023). This pension financial cost represents the difference between interest costs on pension obligations and the return on plan assets;
      • €29 million of net foreign exchange loss, including hedges (loss of €19 million in 2023);
      • €15 million of prior year transaction costs included in financial debts, which were fully amortized in 2024 in the context of the financial restructuring of the Group.

    The tax charge for 2024 was €214 million, compared with €112 million in 2023. This €+102 million increase was mainly due to:

    • A €59 million impairment charge on deferred tax assets
    • A €37 million expense related to non-recoverable withholding tax

    Net income group share was €248 million, primarily due to a €3,520 million financial gain related to the financial restructuring of the Group and a €2,858 million cost recorded in Other Operating Income and Expenses, which included a €2,357 million impairment charges on goodwill and non-current assets.

    Earnings per share

    Basic earnings per share were €0.034. per share in 2024 and diluted earnings per share were €0.031 per share.

    Free cash flow and net cash

    In € million 2024 2023
    Operating Margin before Depreciation and Amortization (OMDA) 722 1,026
    Capital expenditures -444 -205
    Lease payments -301 -358
    Change in working capital requirement* -1,192 -391
    Cash from operations (CFO)* -1,214 73
    Tax paid -81 -77
    Net cost of financial debt paid -178 -102
    Reorganization in other operating income -245 -605
    Rationalization & associated costs in other operating income -9 -47
    Integration and acquisition costs in other operating income -3 -8
    Other changes** -504 -312
    Free Cash Flow (FCF) -2,233 -1,078
    Net (acquisitions) disposals 162 411
    Capital increase 3,049
    Share buy-back -2 -3
    Dividends paid -18 -35
    Change in net (debt) 958 -705
    Opening net cash (debt) -2,230 -1,450
    Change in net cash (debt) 958 -705
    Foreign exchange rate fluctuation on net cash (debt) 34 -75
    Closing net (debt) excl. IFRS fair value treatment -1,238 -2,230
    IFRS Debt fair value treatment 963
    Closing net (debt) -275 -2,230

    * Change in working capital requirement excluding the working capital requirement change related to items reported in other operating income and expense.

    ** “Other changes” include other operating income and expense with cash impact (excluding staff reorganization, rationalization and associated costs, integration and acquisition costs) and other financial items with cash impact, net long term financial investments excluding acquisitions and disposals, and profit sharing amounts payable transferred to debt

    Free cash flow was €-2,233 million in 2024 reflecting primarily the end of one-off working capital optimization actions resulting in a negative change in working capital requirement for €1,498 million and higher capex linked to HPC contracts for €239 million.

    Capital expenditures and lease payments totaled €745 million, up €182 million from the prior year reflecting a significant investment in the energy-efficient Exascale technology.

    Change in working capital requirement was €-1,192 million, primarily from €-1,498 million lower working capital optimization compared with end of fiscal 2023. As at December 2024, working capital benefited from invoices paid in advance by customers for € 319 million, without any discount and on a pure voluntary basis. As at December 31, 2023, total specific optimization carried out by the Group to optimize its working capital amounted to € 1,817 million.

    Cash out related to taxes paid increased by € 4 million and amounted to € 81 million in 2024, including € 6 million of taxes paid in connection with carve-out transactions completed in 2024.

    Net cost of financial debt was €178 million as explained above.

    The total of reorganization, rationalization & associated costs and integration & acquisition costs reached €256 million compared with €660 million in 2023 and included:

    • €135 million of reorganization costs in connection with restructuring measures as well as the continuation of the German restructuring plans; and
    • €110 million of costs related to the outstanding activities on the separation of the Group incurred mostly over the first quarter of the year.

    Cash out related to Other changes was €-504 million compared to € -312 million in 2023, and included:

    • €166 million of costs incurred on onerous contracts (purchase commitments and customer contracts);
    • €144 million of transaction costs paid in the context of the financial restructuring;
    • €78 million of exit fees on interim financing
    • Costs related to litigations

    As a result of the above impacts mainly driven by the change in the working capital requirement, the Group Free Cash Flow was € -2,233 million in 2024, compared to € -1,078 million in 2023.

    The net cash impact resulting from disposals was €162 million mainly related to the net cash proceeds from the Worldgrid disposal of €232 million, partly offset by the write-off of a receivable on a past disposal.

    Capital increase amounted to €3,049 million and were made of :

    • €2,904 million of equitization of financial debts; and
    • €145 million of new money equity raised mainly from the Rights Issue

    In the context of the financial restructuring process of the Group.

    No dividends were paid to Atos SE shareholders in 2024. The €18 million cash out (€35 million in 2023) corresponded to taxes withheld on internal dividend distributions and to dividends paid to minority interests.

    Foreign exchange rate fluctuation determined on debt or cash exposure by country represented a decrease in net debt of €34 million.

    As a result, the Group net debt position as of December 31, 2024 was €275 million (€1,238 million excluding the IFRS 9 debt fair value treatment), compared to €2,230 million as of December 31, 2023.

    Consolidated financial statements

    Atos consolidated financial statements for the year ended December 31, 2024, were approved by the Board of Directors on March 4, 2025. Audit procedures on the consolidated financial statements have been completed and the audit report will be issued after the review of the 2024 Universal Registration Document.

    Advance Computing sales process update

    On November 25, 2024, Atos announced that it has received a non-binding offer from the French State for the potential acquisition of 100% of the Advanced Computing activities of its BDS division, based on an enterprise value of €500 million, to be potentially increased to €625 million including earn-outs.

    The offer received from the French State provides for an exclusivity period until May 31, 2025. If the exclusive negotiations lead to an agreement and subject to obtaining the customary commercial, employee and administrative authorizations, a Share Purchase Agreement, subject to work councils’, opinion may be signed by that date. An initial payment of €150 million is expected to be made available to Atos upon signing of the Share Purchase Agreement.

    In addition, Atos has engaged into a sale process for its Mission Critical Systems business.

    Capital Markets Day

    Atos will present an update of its strategy and organization during a Capital Markets Day that will be held in Paris on May 14, 2025.

    Dividend

    Atos Board of Directors decided, in its meeting held on March 4, 2025, not to propose a dividend payment to the next Annual General Meeting.

    Conference call

    Atos’ Management invites you to an international conference call on the Group 2024 results, on Wednesday, March 5th, 2025 at 08:00 am (CET – Paris).

    You can join the webcast of the conference:

    • via the following link: https://edge.media-server.com/mmc/p/5g7hv4ka
    • by telephone with the dial-in, 10 minutes prior the starting time. Please note that if you want to join the webcast by telephone, you must register in advance of the conference using the following link:

    https://register.vevent.com/register/BIa3f9570d64b4412c8f5192ad4ad6d30b

    Upon registration, you will be provided with Participant Dial In Numbers, a Direct Event Passcode and a unique Registrant ID. Call reminders will also be sent via email the day prior to the event.
    During the 10 minutes prior to the beginning of the call, you will need to use the conference access information provided in the email received upon registration.

    After the conference, a replay of the webcast will be available on atos.net, in the Investors section.

    Forthcoming events

    April 25, 2025 (Before Market Opening) First quarter 2025 revenue
    May 14, 2025 Capital Markets Day
    June 13, 2025 Annual General Meeting
       
    August 1st, 2025 (Before Market Opening)  First semester 2025 results

    APPENDIX

    Q4 2024 revenue

    In € million Q4 2024
    Revenue
    Q4 2023
    Revenue*
    Organic variation*
    Eviden 1,126 1,280 -12.0%
    Tech Foundations 1,182 1,329 -11.0%
    Total 2,309 2,608 -11.5%
    In € million Q4 2024
    Revenue
    Q4 2023
    Revenue*
    Organic variation*
    North America 410 528 -22.3%
    UK / IR 322 447 -28.1%
    Benelux and the Nordics (BTN) 218 232 -6.1%
    Central Europe 586 580 +1.1%
    Southern Europe 519 556 -6.6%
    Growing markets 251 261 -3.9%
    Others & Global structures 2 4 -34.6%
    Total 2,309 2,608 -11.5%

    *: at constant scope and December 2024 average exchange rates

    Group revenue was €2,309 million in Q4, down -11.5% organically compared with Q4 2023.

    Eviden revenue was €1,126 million, down -12.0% organically.

    • Digital activities decreased double digit. The business was impacted by previously-established contract terminations contract scope reductions, as well as the continued market softness in North America and in the UK & Ireland.
    • Big Data & Security (BDS) revenue grew low single digit organically. Advanced Computing grew with large project deliveries in Germany.

    Tech Foundations revenue was €1,182.0 million, down -11.0% organically.

    • Core revenue (excluding BPO and value-added resale (“VAR”)) decreased high-single digit, mainly impacted by contract terminations in North America and previously-established contract scope and volume reduction in UK.
    • Non-core revenue declined double digit reflecting deliberate reduction of BPO activities in the UK and less value-added resale for hardware and software products.

    FY 2023 revenue and operating margin at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue and OM for FY 2024 is compared with FY 2023 revenue and OM at constant scope and foreign exchange rates. Reconciliation between the FY 2023 reported revenue and OM, and the FY 2023 revenue and OM at constant scope and foreign exchange rates is presented below, by Business Lines and Regional Business Units.

    FY 2023 revenue
    In € million
    FY 2023
    published
    Internal transfers Scope effects Exchange rates effects FY 2023*
    Eviden 5,089 33 -192 7 4,937
    Tech Foundations 5,604 -33 -401 17 5,187
    Total 10,693 0 -592 24 10,124
               
               
    FY 2023 revenue
    In € million
    FY 2023
    published
    Internal transfers Scope effects Exchange rates effects FY 2023*
    North America 2,280 -1 -96 -6 2,177
    Benelux and the Nordics (BTN) 911 0 -7 0 905
    UK / IR 1,770 0 -53 47 1,763
    Central Europe 2,506 0 -254 2 2,253
    Southern Europe 2,284 0 -164 0 2,119
    Growing Markets 930 0 -18 -19 893
    Others & Global structures 12 1 0 0 13
    Total 10,693 0 -592 24 10,124

    *: at constant scope and December 2024 average exchange rates

    FY 2023 Operating margin
    In € million
    FY 2023
    published
    Internal transfers Scope effects Exchange rates effects FY 2023*
    Eviden 294 0 -25 2 272
    Tech Foundations 172 0 -20 -1 151
    Total 467 0 -45 1 423
               
               
    FY 2023 Operating margin
    In € million
    FY 2023
    published
    Internal transfers Scope effects Exchange rates effects FY 2023*
    North America 244 1 -15 -1 229
    Benelux and the Nordics (BTN) 23 0 -1 0 23
    UK / IR 75 4 -5 2 77
    Central Europe 31 -3 -6 0 23
    Southern Europe 99 -2 -16 0 82
    Growing Markets 92 0 -3 -1 88
    Others & Global structures -97 -1 0 0 -98
    Total 467 0 -45 1 423

    *: at constant scope and December 2024 average exchange rates

    Scope effects on revenue amounted to €-592 million and €-45 million on operating margin. They mainly related to the divesture of UCC, EcoAct, Italy, State Street JV, and Worldgrid.

    Currency effects positively contributed to revenue for €+24 million and €+1 million on operating margin. They mostly came from the appreciation of the British pound, partially compensated by the depreciation of the Brazilian real, the US dollar, the Argentinian peso and the Turkish lira.

    Q4 2023 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q4 2024 is compared with 2023 revenue at constant scope and foreign exchange rates.

    In 2023, the Group reviewed the accounting treatment of certain third-party standard software resale transactions following the decision published by ESMA in October 2023 that illustrated the IFRS IC decision and enacted a restrictive position on the assessment of Principal vs. Agent under IFRS 15 for such transactions. The Q4 2023 revenue is therefore restated by € +48 million. The impact affected Eviden in North America RBU.

    Reconciliation between the 2023 reported fourth quarter revenue and the 2023 fourth quarter revenue at constant scope and foreign exchange rates is presented below, by Business Lines and Regional Business Units:

    Q4 2023 revenue
    In € million
    Q4 2023 published Restatement Q4 2023 restated Internal transfers Scope effects Exchange rates effects Q4 2023*
    Eviden            1,247                   48 1,295     -1 -22 8           1,280   
    Tech Foundations           1,308              1,308    1 -1 21           1,329   
    Total 2,555 48 2,602 0 -23 29 2,608
                   
                   
    Q4 2023 revenue
    In € million
    Q4 2023 published Restatement Q4 2023 restated Internal transfers Scope effects Exchange rates effects Q4 2023*
    North America 483 48 531 -1 -1 -1 528
    Benelux and the Nordics 233 0 233 0 -1 0 232
    UK / IR 433 0 433 0 -3 18 447
    Central Europe 582 0 582 0 -2 0 580
    Southern Europe 571 0 571 0 -16 0 556
    Growing markets 250 0 250 0 0 12 261
    Others & Global structures 3 0 3 1 0 0 4
    Total 2,555 48 2,602 0 -23 29 2,608

    *: at constant scope and December 2024 average exchange rates

    Disclaimer

    This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2023 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on May 24, 2024 under the registration number D.24-0429, as updated by chapter 2 “Risk factors” of the first amendment to Atos’ 2023 universal registration document filed with the Autorité des Marchés Financiers (AMF) on November 7, 2024 under the registration number D.24-0429-A01 and by chapter 2 “Risk factors” of the second amendment to Atos’ 2023 universal registration document filed with the Autorité des Marchés Financiers (AMF) on December 11, 2024 under the registration number D.24-0429-A02, and the half-year report filed published on August 6, 2024. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

    This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

    About Atos

    Atos is a global leader in digital transformation with circa 78,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 68 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:

    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96

    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: +33 8 05 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

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  • MIL-OSI: ASML publishes agenda Annual General Meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    ASML publishes agenda Annual General Meeting 2025
    Nomination Karien van Gennip as new member of the Supervisory Board

      
    VELDHOVEN, the Netherlands, March 5, 2025 – Today, ASML Holding NV (ASML) has published the agenda for the 2025 Annual General Meeting (AGM) which will be held in ASML’s TWINSCAN Auditorium in Veldhoven on Wednesday, on April 23, 2025, starting at 10:00 CET.

    The AGM will be organized in a hybrid format. Shareholders may attend the AGM in person or virtually.

    The agenda with the explanatory notes and other meeting documents are available on ASML’s website asml.com/agm2025.

    Changes to Supervisory Board
    ASML furthermore announces that Annet Aris will not stand for re-election as a member of the Supervisory Board at the end of her current term, which ends per the 2025 AGM.

    The Supervisory Board expresses its thanks to Annet Aris, who has served on the Supervisory Board since 2015, for her valuable contributions, in particular as Vice Chair of the Supervisory Board and member of the Remuneration, Selection & Nomination and Technology Committees. The Supervisory Board wishes her all the best for the future.

    The Supervisory Board nominates Karien van Gennip for appointment as a member of the Supervisory Board effective from the 2025 AGM. Karien van Gennip, a Dutch citizen, has a wealth of leadership experience spanning professional services, financial services, and public policy. Most recently, between January 2022 and July 2024, Karien van Gennip served as the Minister of Social Affairs and Employment and Deputy Prime Minister in the Dutch government.

    With an educational background in physics from Delft University of Technology, and an MBA from INSEAD, Karien van Gennip worked as a consultant at McKinsey & Company in the early stages of her professional career. She transitioned to leadership roles in the public domain and in finance, serving as a Director Supervision at the Dutch Authority for Financial Markets, Secretary of State of Economic Affairs/Minister for Foreign Trade in the Dutch government between 2003 and 2007, and as a Member of the Dutch Parliament between 2006 and 2008. Karien van Gennip held various management positions at ING between 2008 and 2020, most recently as the CEO of ING France, after which she served as the CEO of Dutch healthcare insurer VGZ until 2022.

    “We are very pleased to nominate Karien van Gennip for appointment to our Supervisory Board. With her broad background and rich experience, the Supervisory Board expects that she will bring great value and new perspectives to the Supervisory Board,” said Nils Andersen, Chair of the Supervisory Board.

    The agenda of the 2025 AGM also includes the nomination to reappoint Birgit Conix as a member of the Supervisory Board for four years, effective April 23, 2025. Terri Kelly has been elected as the Vice-Chair of the Supervisory Board, following the retirement of Annet Aris.

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Sarah de Crescenzo +1 925 899 8985 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

      
    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

    Attachment

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  • MIL-OSI Asia-Pac: Tech chief begins Spain trip

    Source: Hong Kong Information Services

    Secretary for Innovation, Technology & Industry Prof Sun Dong visited Barcelona in Spain and attended the Mobile World Congress 2025 with a delegation of Hong Kong’s innovation and technology (I&T) sector yesterday.

     

    The Hong Kong Science & Technology Parks Corporation (HKSTPC) and Hong Kong Trade Development Council (HKTDC) co-ordinated the participation of Hong Kong’s I&T enterprises and institutions in the congress to set up the Hong Kong Tech Pavilion, showcasing the latest solutions in advanced electronics and robotics, artificial intelligence and data technology, digital transformation and the startup ecosystem.

     

    Prof Sun attended the networking reception at the pavilion and witnessed the signing of a memorandum of understanding between the HKTDC and the Barcelona City Council to promote trade and business relations between enterprises in the two places, and collaboration between the HKSTPC and 22@Network Barcelona to enhance the global connection of startups.

     

    Afterwards, he met Secretary of State for Science, Innovation, & Universities of Spain Juan Cruz Cigudosa to discuss issues of mutual interest, including strengthening bilateral co-operation in technological innovation and research.

     

    Additionally, Prof Sun and the delegation visited the Barcelona Biomedical Research Park, one of the largest biomedical research clusters in Southern Europe bringing together research centres and researchers in biomedical fields.

     

    The delegation focused on its cross-institutional collaboration model and clinical transformation outcome and applications, as well as various support services provided to the research centres in the park.

     

    They also toured the headquarters of ISDIN, a cosmeceutical brand, and learnt about its solutions for dermatology conditions and research achievements in products.

     

    Prof Sun encouraged the company to leverage on Hong Kong’s unique international business environment as well as its distinctive advantage of connecting with both the Mainland and the world to expand business in Hong Kong, the Mainland and the Asian market.

     

    While attending the Chinese New Year reception hosted by the Hong Kong Economic & Trade Office in Brussels in the evening, the technology chief shared with the leaders and executives of the business and political sectors and I&T community in Barcelona the vision and efforts of Hong Kong to develop into an international I&T centre.

     

    Also during the reception, he had a brief exchange with Consul General of the People’s Republic of China in Barcelona Meng Yuhong.

     

    After arriving in Barcelona a day earlier, Prof Sun visited the Barcelona Activa, a public trading company integrated in the area of Economy & Economic Promotion of Barcelona City Council, and met Chief Executive Officer of Catalonia Trade & Investment Office Agency for Business Competitiveness Jaume Baró.

     

    On the same day, he had dinner with representatives of the participating I&T enterprises and organisations.

     

    Prof Sun will continue his visit in Barcelona today where he plans to deliver a keynote speech at the Global System for Mobile Communications Association Ministerial Programme session of the Mobile World Congress.

    MIL OSI Asia Pacific News

  • MIL-OSI United Nations: Bridging Health and Heritage: IOM’s Impact at Zambia’s Ncwala Ceremony

    Source: International Organization for Migration (IOM)

    Chipata – Zambia, a nation at the heart of Southern Africa, is a crossroads for countless migrants seeking hope and safety. The International Organization for Migration (IOM), with support from the Kingdom of the Netherlands, has been instrumental in addressing the health needs of these vulnerable populations through the SRHR-HIV Knows No Borders (KNB) Programme. 

    During the 2025 Ncwala Traditional Ceremony in Chipata, Eastern Province, IOM’s presence was both impactful and transformative. The ceremony, known for its vibrant Ngoni dances and cultural significance, provided a unique platform for IOM to engage with the community on critical health issues. Chief Madzimawe of the Ngoni speaking people of Kasenengwa District praised IOM’s efforts, noting, “My subjects have benefited immensely from the SRHR programmes. We’ve seen a significant reduction in teenage pregnancies and child marriages.” However, he also highlighted ongoing challenges such as the restrictive age of consent when a young person under the age of 16 wishes to access SRH services and commodities.” 

    Gift (pseudonym), a 20-year-old migrant sex worker from Malawi, shared her positive experience, “Since arriving in December 2024, I regularly visit Mchenjeza health post in Vubwi District to access male condoms for protection and contraception.” Her story underscores the importance of accessible reproductive health services for all, regardless of migration status. Akuya Sobana, Nurse In-Charge at Chikoma Rural Health Centre, emphasized the programme’s impact, stating, “Since 2021, the KNB programme has benefited over 6,000 clients, including migrants, sex workers, and young vulnerable people.” She noted that all 14 health facilities in Vubwi district now offer essential services to targeted clients, including those from neighboring countries. 

    During the three-day Ncwala ceremony, IOM reached out to 9,119 clients with key health messages, distributed 58,840 male condoms, and referred 4,267 clients to health centers. Additionally, 3,267 individuals received various services, including family planning, HIV testing, and STI screening. Gracious Mulenga, an ART Nurse and Adolescent Focal Point Person from Chipata District Hospital, observed, “IOM’s participation in the Ncwala ceremony yielded a remarkable response, particularly from male attendees. Many men eagerly accepted condoms, demonstrating a growing awareness of safe sexual practices.” 

    The statistics from the event are telling: 357 family planning strips of tablets were given to female clients, 54 individuals received Pre-Exposure Prophylaxis (PreP), 2,900 were screened for Hematocrit (HCT), 20 females were counseled for Gender-Based Violence, and 15 received mental health and psychosocial support. IOM’s engagement at the Ncwala ceremony not only highlighted the Organization’s commitment to promoting sexual and reproductive health but also fostered a deeper understanding of the socio-economic dynamics related to migration. By integrating cultural heritage with health initiatives, IOM is making significant strides in empowering marginalized communities and ensuring access to essential healthcare services. 

    Emmanuel Sinkala, Migration, Health and Gender Assistant at IOM, remarked, “N’cwala aligns well with IOM’s mission to support communities affected by migration and to foster understanding of the socio-economic dynamics related to migration.” Through its unwavering commitment, the Knows No Borders programme continues to transcend migration status and geographical boundaries, empowering communities and promoting a comprehensive approach to health and well-being.

    MIL OSI United Nations News

  • MIL-OSI: ASML publishes 2024 Annual Reports

    Source: GlobeNewswire (MIL-OSI)

    ASML publishes 2024 Annual Reports
    Sustainability statements reported in accordance with the ESRS for the first time

      
    VELDHOVEN, the Netherlands, March 5, 2025 – Today, ASML Holding NV (ASML) has published its 2024 Annual Reports.

    The 2024 Annual Reports (‘Powering technology forward with you’) highlight ASML’s commitment to bring technology forward by developing the tools that enable faster, more powerful and energy-efficient microchips, allowing our customers to address some of society’s biggest challenges. Our ongoing innovation relies on strong partnerships with our stakeholders, and together, we’re creating sustainable solutions. The 2024 Annual Reports reflect on ASML’s business model and strategy, corporate governance, sustainability and financial performance. For the first time, our Annual Reports include sustainability statements in accordance with the European Sustainability Reporting Standards (ESRS). The full reports and introductory video with CFO Roger Dassen are published on our website www.asml.com.

    ASML’s primary accounting standard is US GAAP, the accounting principles generally accepted in the US. In addition to reporting in accordance with US GAAP, ASML also reports in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS) for Dutch statutory purposes. The most significant recurring differences between US GAAP and IFRS that affect ASML concern the capitalization of certain product development costs and accounting for income taxes.

    ASML will file its 2024 Annual Report based on US GAAP on Form 20-F with the US Securities and Exchange Commission (SEC), and its 2024 Annual Report based on IFRS-EU with the Dutch Authority for the Financial Markets (AFM). ASML’s 2024 Annual Report will also be available at www.sec.gov. The 2024 Annual Report based on IFRS will be available at www.afm.nl.

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Sarah de Crescenzo +1 925 899 8985 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

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  • MIL-OSI: Mavenir and e& UAE Announce Multi-Year Strategic Technology Partnership at #MWC25 Starting with Collaboration in Converged 5G Packet Core

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 05, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, and e& UAE, telecom arm of global technology group e&, announced a collaboration to advance e& UAE’s future of cloud-native converged packet core networks across 4G, 5G (NSA and SA) at Mobile World Congress in Barcelona. This marks a significant milestone in the journey towards next-generation connectivity and digital transformation.

    This long-term partnership leverages cutting-edge technologies and advanced features, including AI-enabled 5G services, automation, and orchestration. This robust infrastructure is designed to support a wide range of future use cases, from enhanced mobile broadband and ultra-reliable low-latency communications to massive machine-type communications.

    With Mavenir and e& UAE coming together, it sets the stage for innovative use cases, including smart cities, autonomous vehicles, industrial IoT, and immersive AR/VR experiences using the latest AI technology. The converged packet core environment ensures seamless transition and readiness for 6G capabilities, paving the way for future advancements in connectivity supporting the expanding business needs of e& UAE.

    Pardeep Kohli, President and CEO of Mavenir: “We are thrilled to partner with e& UAE in deploying a state-of-the-art 5G core network. This collaboration underscores our commitment to driving innovation and delivering cutting-edge solutions that empower our customers. The advanced features and technologies integrated into this network will unlock new possibilities and set the foundation for future 6G capabilities.”

    Khaled Al Suwaidi, core networks and platforms, e& UAE, said: “Our successful collaboration with Mavenir marks a significant step forward in our mission to provide world-class connectivity and digital services to our customers. The deployment of this advanced 5G core network not only enhances our current offerings but also positions us at the forefront of technological innovation. We look forward to exploring new areas together in AI, automation, orchestration, digital BSS, and RCS, to continue delivering exceptional value to our customers.”

    Mavenir and e& UAE are committed to ongoing collaboration in various domains to drive continuous innovation and deliver transformative digital experiences to customers across the region.

    About Mavenir

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    About e& UAE

    e& UAE is the flagship telecom arm of e& in the UAE, built on a 5-decades legacy of connectivity excellence. Our mission is to deliver world-class superior connectivity experiences that fuel the UAE’s future-focused innovation.

    Leveraging the latest world-class technologies, e& UAE aims to transform lives and industries, turning every connection into an opportunity for growth and every interaction into a transformative possibility.

    We are focused on expanding our core services and digital marketplaces by enriching consumer value propositions that cater to new lifestyles and emerging demands beyond core telecom services, including health, insurance and gaming.

    As a trusted enterprise partner, e& UAE continues to power entire industries with 5G and AI, delivering a tailored ecosystem of solutions to meet their connectivity needs and more, empowering them to automate, innovate, transform, and scale.

    Strengthening our leadership position as an AI-powered telco, e& UAE delivers seamless connectivity, cutting-edge AI solutions, and sustainable innovation to uplift people and communities, and empower businesses and industries, so everyone thrives in a digital-first world.

    To learn more about e& UAE, please visit: https://www.etisalat.ae

    Media Contacts

    For more information, please contact:

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5719a435-212f-48b7-b56f-e318b5f9a125

    The MIL Network

  • MIL-Evening Report: Safe for autocracy: the world according to Putin and Trump

    Source: The Conversation (Au and NZ) – By Matthew Sussex, Associate Professor (Adj), Griffith Asia Institute; and Fellow, Strategic and Defence Studies Centre, Australian National University

    What does an ideal world look like for Russian President Vladimir Putin and his US counterpart Donald Trump? In a word: ugly.

    Trump’s embrace of Russia’s dictator, his bullying of a weakened Ukraine, his musings about new US territorial conquests, and his dismantling of US democratic institutions would, in any other age, have resulted in his immediate removal from office.

    And yet he has succeeded in beating his political opponents into submission, while his cultish following applauds every fresh outrage he visits on America’s friends, and every undeserved boon he grants its enemies.

    American interests?

    When discussing foreign policy, we typically use the term “national interests” to frame our understanding of what countries want, and the enablers and constraints that affect their chances of achieving it. Essentially, we to try to identify some parameters about what countries can, can’t, and might do.

    It assumes that factors such as economic heft, military capability, natural resources, alliance networks and geopolitical position all create a kind of baseline unique to each nation. It also assumes a fair amount of continuity in foreign policy, as new governments invariably face the same kinds of challenges and opportunities as past ones.

    And crucially, it assumes leaders will recognise it: that in democracies, for instance, elected public servants will continue acting in the broader public good.

    Not so for Trump. His behaviour is far more reminiscent of Putin’s. Like the Russian autocrat he idolises, Trump’s main domestic and foreign agendas revolve around his personal fortune, cementing his political power, and creating a narrative that existential forces – as well as internal enemies – are to blame for America’s problems.

    By presenting himself as the nation’s only possible saviour, Trump is directly plagiarising the Putin playbook.

    Like Russia’s tsar in all but name, Trump is creating an image of the state in which regime security and national security are innately linked. In that way, America First and Trump First are not just compatible, but actually synonymous.

    Trajectories of power

    Where the two differ, though, is that Putin’s recipe for dominating Russian politics has tended to increase his country’s raw national power, rather than diminishing it.

    Certainly, Putin’s renationalisation of Russia’s energy sector helped turn Russia into a petro-giant. That Putin has remained at the top of Russian politics for so long has been at least partly because he has distributed Russian wealth beyond a clique of oligarchs.

    The result was a larger middle class, apathetic to politics and tolerant of dictatorship, as long as living standards were improving.

    At the same time, Putin’s erosion of freedoms created powerful disincentives to express any opposition to his regime. After all, when criticising Russia’s “special military operation” in Ukraine can lead to beatings, ostracism from society, being sent to the front, or a prison sentence of up to 15 years, where’s the value in speaking out?

    There are plenty of signs that Trump would like to emulate Putin’s progress. From installing loyalists in the military and the ostensibly independent Department of Justice and FBI, coupled with threats against freedom of the press, his subversion of US democracy looks eerily familiar.

    But Trump’s recipe for success looks almost certain to weaken the US, not strengthen it.

    He has surrounded himself with completely unqualified supplicants in key roles, chosen on the basis of loyalty rather than competence.

    Purges at the CIA are weakening America’s vaunted intelligence-gathering capabilities. Orders to stop cyber operations against Russia are an extraordinary own-goal.

    Trump’s punishment of partners via tariffs – along with continued suggestions about annexing Canada, and his belittling of Prime Minister Justin Trudeau by calling him “governor” – are costing America friendships built on decades of trust.

    These schisms are becoming evident across the Atlantic too. In France, for instance, even the far-right nationalist Marine Le Pen has criticised Trump’s standover tactics in suspending military aid to Ukraine. A recent French poll found that fully 73% of respondents believed Trump’s US was no longer an ally.

    A new age of empires

    The recent – and historically breathtaking – statement by Putin’s press secretary, Dmitry Peskov, that Russian and US worldviews now largely align speaks volumes about the kind of world both regimes now agree on.

    It is, put simply, a new Age of Empires. This has long been a central theme of Russian geopolitical propaganda: that all major decisions affecting the world should be taken in only three of its capitals: Moscow, Beijing and Washington.

    In this brutal order, the strong do as they will, and the weak do as they must. It envisages a world cleaved into spheres of influence, with Russia permitted to run rampant over Eastern Europe, the US dominating the Americas and the East Pacific, and China as a hybrid maritime and continental power exerting hegemony in Asia.

    So how worried should we be? When we think of past global dangers, events such as the Cuban Missile Crisis come to mind. This is, of course, not the same: there isn’t the potential imminence of nuclear war.

    But there should nonetheless be not just deep concern but also immediate action to inoculate ourselves, as best we can, from the slow-burn effect of a world made safe for autocracy rather than democracy.

    There is also a legitimate counterargument that Trump’s bark is worse than his bite; that he will be a lame duck after the mid-term elections in 2026; and that all US allies need do is to keep a low profile until then.

    That may have been an appropriately soothing sentiment during Trump’s first term, but in his second one it rings increasingly hollow.

    For one thing, the goalposts have shifted. Trump has shown he will act with near-total impunity. He will doubtless try to manipulate elections, and he has shown before that he is perfectly prepared to reject their outcomes. For another, this time he will have not just a pliant legislature and cabinet, but also a loyal bureaucracy, and key supporters in law enforcement and military posts.

    Given that, it is one thing to hope for the best. But it makes sense also to plan for the worst. If the past few weeks have taught us anything, it is to be prepared for virtually daily episodes of disappointment. Or, to put it bluntly: things will get worse before they get better.

    Matthew Sussex has received funding from the Australian Research Council, the Atlantic Council, the Fulbright Foundation, the Carnegie Foundation, the Lowy Institute and various Australian government departments and agencies.

    ref. Safe for autocracy: the world according to Putin and Trump – https://theconversation.com/safe-for-autocracy-the-world-according-to-putin-and-trump-251246

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: Composer Alexey Rybnikov on the Moskino Cinema Park and the music for Buratino

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The full-length film “Buratino”, which was filmed at the Moskino cinema park, will be released on January 1, 2026, 50 years after the premiere of the famous Soviet musical film. The new film was filmed from September to November 2024. The music for it was written by composer Alexey Rybnikov.

    The People’s Artist of Russia created unique arrangements, inspired by the characters’ personalities. The film retains the classic compositions from the Soviet adaptation, and also adds new musical elements.

    “In most of the film we left the compositions from the Soviet film, and, for example, for the scene where Papa Carlo makes a doll, I wrote new lyrics to the music from the first film. All the other songs remained with the classic words, but one of them will sound unusual, it will be a surprise for all viewers,” shared Alexey Rybnikov.

    For the project, the Moskino cinema park built a set called “Provincial Towns of Europe” with an area of over 11 thousand square meters. The composer noted that they were made so naturally and realistically that it created the feeling of filming in a real Italian city. These are several streets with realistic buildings – a church, Giuseppe’s house, a school, a theater and others.

    Numerous streets and squares, small artistic details, fountains, niches, inscriptions – everything is worked out to the smallest detail. Alexey Rybnikov emphasized that the creation of such a site within the boundaries of Moscow is a great help and success for filmmakers.

    The site offers comfortable conditions for work, and each decoration is unique and interesting in its own way. The composer called the idea of creating a world-class cinema park in the capital fantastic.

    “The sets in the film ‟Buratino‟ are an amazing achievement of the set designers and producers who decided to do everything exactly like this. It creates the feeling that you are not in Moscow, but on the streets of Italy, where the action takes place. In general, for the film ‟Buratino‟ there were not many scenes in the pavilion, basically everything happened on the natural set, which is quite unusual. When you shoot in the pavilion, you really feel it, and here everything is natural and great. Therefore, I think that more than one project will definitely be created in the set design,” added Alexey Rybnikov.

    The fairy tale plot of the film will tell viewers how one day Papa Carlo, who dreams of becoming a father, gets a magic key. His dream comes true when a simple log turns into a smart and cheerful wooden boy Buratino. The father dotes on his creation, but Buratino feels that he is not like other children, and sets off on a journey to get to know himself better.

    The film takes much from the traditional interpretation of the fairy tale “Pinocchio”, but Buratino himself will appear before the audience in the form of a wooden three-dimensional doll, brought to life thanks to new computer technologies.

    The project’s director is Igor Voloshin, the producers are Alexander Andryushchenko, Fyodor Bondarchuk and Denis Baglai. The main roles were played by Lev Zulkarnayev, Fyodor Bondarchuk, Mark Eidelshtein, Stepan Belozerov, Anastasia Talyzina, Victoria Isakova, Alexander Petrov and other actors.

    The Moskino cinema park is part of Sergei Sobyanin’s “Moscow – City of Cinema” project and an object of the Moscow cinema cluster, which is being developed by the capital Department of Culture. The first stage of development has already been completed here: 18 natural sites, four pavilions and six infrastructure facilities have been built. Among them are the sets “Center of Moscow”, “Moscow in the 1940s”, “Vitebsk Station”, “Yurovo Airport”, “Cathedral Square of Moscow”, “Deaf Village”, “Partisan Village”, “County Town”, “Cowboy Town”, “St. Petersburg Bar” and other sites.

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

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

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

    https: //vv.mos.ru/nevs/ite/150917073/

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: President Lai meets US Heritage Foundation founder Dr. Edwin Feulner

    Source: Republic of China Taiwan

    Details
    2025-03-04
    President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response
    On the morning of March 4, President Lai Ching-te attended the opening ceremony of the Global Cooperation and Training Framework (GCTF) Workshop on Whole-of-Society Resilience Building, Preparation, and Response. In remarks, President Lai stated that global challenges such as extreme weather, pandemics, and energy crises continue to emerge, and growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, he said, and absolutely no single country can face them alone. The president said that as a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world, and that the GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. President Lai indicated that Taiwan will join the forces of the central and local governments to enhance social resilience across the board, enhance disaster response capabilities in the community, and leverage its strengths to make contributions to the international community. He said that we are demonstrating to the world our determination to create an even more resilient Taiwan, and expressed hope to advance mutual assistance and exchanges with all the countries involved, so that we can together promote stability and prosperity around the world. A transcript of President Lai’s remarks follows: To begin, I would like to welcome more than 60 distinguished guests from 30 countries, as well as experts from Taiwan. You are all here for this GCTF workshop to discuss whole-of-society resilience building, preparation, and response. As a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world. The GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. I want to thank our full GCTF partners, the United States, Japan, Australia, and Canada. Over the past several years, we have worked with even more countries through this framework and have expanded our exchanges into even more fields. Together, we have met all kinds of new challenges. I am confident that as our cooperation grows stronger, so will our ability to promote global progress. Each of today’s guests is contributing a vital force in that regard. I extend my sincere thanks to you all. Global challenges such as extreme weather, pandemics, and energy crises continue to emerge. And growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, and absolutely no single country can face them alone. Taiwan holds a key position on the first island chain, and stands at the very frontline of the defense of democracy. With this joint workshop, we are demonstrating to the world our determination to create an even more resilient Taiwan. We are also aiming to advance our mutual assistance and exchanges with all the countries involved, so that we can make our societies more resilient and together promote stability and prosperity around the world. Moving forward, we will continue advancing the following three initiatives: First, we will join the forces of the central and local governments to enhance social resilience across the board. Just last year, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office. Civilian force training, strategic material preparation, and critical infrastructure operation and maintenance are all key discussion areas for our committee. These aim to enhance Taiwan’s resilience in national defense, economic livelihoods, disaster prevention, and democracy. They are also items on the agenda for this GCTF workshop. To cover all the bases, Taiwan must unite and cooperate as a team. Last year, our committee held the very first cross-sector tabletop exercise at the Presidential Office which included central and local government officials as well as civilian observers. We aim to test the government’s emergency response capabilities in high-intensity gray-zone operations and near-conflict situations. We will continue to hold exercises to help the central and local governments work together more efficiently, and strengthen Taiwan’s overall disaster response capabilities. Second is to enhance disaster response capabilities in the community. We fully understand that to build whole-of-society resilience, we must help people increase risk awareness, know how to respond to disasters, and develop abilities to help themselves, help one another, and work together. We are grateful to the American Institute in Taiwan (AIT) for collaborating with the Taiwan Development Association for Disaster Medical Teams to host “Take Action” workshops around the country since 2021. A 2.0 version is already in practice, and continues to train the public in first aid skills. Director of the AIT Taipei Office Raymond Greene and I took part in a Take Action event in New Taipei City last year and personally saw the positive outcomes of the training. In addition to the Take Action workshops, the government is also providing Disaster Relief Volunteer training for ages 11 to 89, and is continuing to expand its target audience. We have also set up Taiwan Community Emergency Response Teams at key facilities nationwide, enhancing the ability of these important facilities to respond independently to disasters. Civilian training will continue to be refined and expanded so that members of the public can serve as important partners in government-led disaster prevention and relief. Third, we will leverage Taiwan’s strengths to make contributions to the international community. The inspiration for our Disaster Relief Volunteer training comes from a similar program run by The Nippon Care-Fit Education Institute in Japan. I am confident that through exchanges like this workshop, Taiwan and other countries can also inspire one another in many areas, and enhance whole-of-society resilience in multiple ways. Taiwan also excels in information and communications and advanced technology. We will set up even more robust cybersecurity systems, expand usage of emerging technologies, and improve the ways we maintain domestic security. We hope that by leveraging our capabilities and sharing our experiences, Taiwan can contribute even more to the international community. I want to welcome all our partners once again, and thank AIT for co-hosting this event. Let’s continue down the path of advancing global security and developing resilience together. Because together, we can travel farther, and we can travel longer. Also in attendance at the event were Japan-Taiwan Exchange Association Deputy Representative Takaba Yo, Australian Office in Taipei Representative Robert Fergusson, and Canadian Trade Office in Taipei Executive Director Jim Nickel.

    Details
    2025-02-24
    President Lai meets Japanese House of Representatives Member Tamaki Yuichiro
    On the afternoon of February 24, President Lai Ching-te met with Japanese House of Representatives Member Tamaki Yuichiro. In remarks, President Lai noted that Taiwan and Japan are important trading partners. The president expressed hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones and build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. A translation of President Lai’s remarks follows: I would like to start by warmly welcoming Representative Tamaki on his first trip to Taiwan. Now is a key moment for the cooperative ties between Taiwan and Japan, and the fact that Representative Tamaki has chosen to take time out of his busy schedule to make this trip demonstrates his especially meaningful support for Taiwan. For this I want to express my deepest gratitude. At the beginning of this month, Japan and the United States held a summit meeting. In the post-summit joint leaders’ statement the government of Japan reiterated the importance of maintaining peace and stability across the Taiwan Strait, opposed any attempts to unilaterally change the status quo by force or coercion, and expressed support for Taiwan’s meaningful participation in international organizations. I would like to thank the government of Japan for these statements. Taiwan and Japan are both responsible members of the international community. I welcome an even firmer friendship between Japan and the US and hope to see cooperation among Taiwan, Japan, and the US become a solid force in consolidating peace and stability in the Indo-Pacific region. In addition to complex international conditions, we now also face the threat of China’s red supply chain. More and more countries are becoming increasingly concerned about such issues as economic security and supply chain resilience. As authoritarianism consolidates, democratic nations must also come closer in solidarity. Taiwan and Japan are important trading partners. I hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones, and that we can build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. Lastly, I would like once again to welcome Representative Tamaki to Taiwan and wish him a successful visit. I hope he departs Taiwan with a deep impression and that he will visit again. Representative Tamaki then delivered remarks, noting that this was his first visit to Taiwan and thanking President Lai and officials of the Taiwan government for their warm welcome. Pointing out that Taiwan-Japan ties are closer than ever thanks to the major efforts made on this front by President Lai since taking office, Representative Tamaki expressed his admiration and gratitude. Representative Tamaki pointed out that in a changing global landscape, Taiwan, Japan, and the Indo-Pacific region all face major changes, but he firmly believes that Taiwan-Japan relations will develop even further. Recalling President Lai’s previous remarks, the representative said that Japan and the US recently held a summit meeting that yielded important results. In the joint leaders’ statement, he noted, the two sides made a clear commitment regarding peace and stability across the Taiwan Strait and firmly opposed any attempts to unilaterally change the status quo by force or coercion. Representative Tamaki said that the ruling Liberal Democratic Party and the Komeito did not win a majority in last year’s House of Representatives general elections, while the number of seats held by his own Democratic Party for the People quadrupled. This result, he said, has filled him with a feeling of great responsibility. Moving forward, he intends to continue promoting Taiwan-Japan cooperation and strengthening relations. Also in attendance at the meeting was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-02-21
    President Lai meets Abe Akie, wife of late Prime Minister Abe Shinzo of Japan
    On the morning of February 21, President Lai Ching-te met with Abe Akie, the wife of late Prime Minister Abe Shinzo of Japan. In remarks, President Lai thanked Mrs. Abe for carrying on the legacy of former Prime Minister Abe, being a benevolent and determined force for regional peace and prosperity, and calling on all parties to continue to place attention on peace in the Taiwan Strait. The president stated that Taiwan will carry on the legacy and spirit of former President Lee Teng-hui and former Prime Minister Abe, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. A translation of President Lai’s remarks follows: Last May, Mrs. Abe came to Taiwan to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao, and we reminisced about the past here at the Presidential Office. I would like to warmly welcome her back today. I am also delighted to be meeting with all guests in attendance. Yesterday, Mrs. Abe and I attended the opening of the very first Halifax Taipei forum, for which Mrs. Abe also delivered a keynote speech earlier today. In her speech, she offered valuable input on global security and democratic development. I would like to thank Mrs. Abe for making this special trip to Taiwan to take part, showing her strong support for Taiwan. Former Prime Minister Abe pioneered the vision of a free and open Indo-Pacific, and called on the international community to pay attention to peace and stability in the Taiwan Strait and Indo-Pacific. These have become common strategic goals of democratic countries around the world and will have a far-reaching influence over international developments and Taiwan’s security. They were important contributions that former Prime Minister Abe made in regard to the Taiwan Strait and the Indo-Pacific region. Recently, current Prime Minister of Japan Ishiba Shigeru and United States President Donald Trump held a meeting and jointly reiterated the importance of peace and stability across the Taiwan Strait, as well as opposed unilateral changes to the status quo by force or coercion. They also expressed support for Taiwan’s participation in international organizations. This shows that Prime Minister Ishiba is furthering the legacy of former Prime Minister Abe. We are very grateful for the former prime minister’s friendship toward Taiwan, and to Mrs. Abe for carrying on his legacy. Mrs. Abe is a benevolent and determined force for regional peace and prosperity, and has called on all parties at numerous public venues to continue to place attention on peace in the Taiwan Strait. Last December, for instance, she traveled at the invitation of President Trump and his wife to the US, where she addressed cross-strait issues and spoke up for Taiwan. We were deeply moved by this. As authoritarian states continue to expand, Taiwan will keep working alongside like-minded nations such as Japan and the US, as well as the European Union, to jointly contribute to regional and global peace and prosperity. I look forward to continued advancement of regional peace and prosperity with the help of Mrs. Abe’s efforts. Mrs. Abe will also be meeting with daughter of former President Lee and Lee Teng-hui Foundation Chairperson Annie Lee (李安妮) tomorrow. Former President Lee and former Prime Minister Abe were both fully devoted to promoting Taiwan-Japan relations. We will carry on their legacy and spirit, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. In closing, I wish you all a smooth and successful visit. Mrs. Abe then delivered remarks, first expressing her sincere thanks to President Lai for taking the time to meet. She said that former Prime Minister Abe hailed from Yamaguchi Prefecture, and that accompanying her that day were House of Councillors Member Kitamura Tsuneo, Yamaguchi Prefecture Governor Muraoka Tsugumasa, Yamaguchi Prefectural Assembly Deputy Speaker Shimata Noriaki, and many other important figures from Yamaguchi. If former Prime Minister Abe’s spirit could look upon this scene, she said, he would certainly be very pleased. Mrs. Abe recalled that when the former prime minister passed away, then-Vice President Lai traveled to their official residence to express his condolences and pay tribute. She said that she will never forget such a gesture of deep friendship, heartfelt condolences, and care. The year before last, she indicated, a memorial photo exhibition for former Prime Minister Abe was held in Taiwan, and many Taiwanese people from all walks of life came to view it. Last year, Mrs. Abe continued, she had the privilege of attending President Lai’s inauguration ceremony, where she met with many friends from Taiwan and personally felt the close and beautiful ties that Taiwan and Japan share. Mrs. Abe stated that she will carry out the wishes of former Prime Minister Abe and do her utmost to help raise Taiwan-Japan relations to new heights, saying that she looks forward to hearing the advice that President Lai and all those present have to offer. The delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-02-20
    President Lai attends opening of 2025 Halifax Taipei forum
    On the afternoon of February 20, President Lai Ching-te attended the opening of the 2025 Halifax Taipei forum. In remarks, President Lai thanked the Halifax International Security Forum for their strong support for Taiwan, and for having chosen Taiwan as the first location outside North America to hold a forum. Noting that we face a complex global landscape, the president called on the international community to take action. He said that as authoritarianism consolidates, democratic nations must also come closer in solidarity, and called on the international community to create non-red global supply chains, as well as unite to usher in peace. President Lai emphasized that Taiwan will work toward maintaining peace and stability in the Taiwan Strait, and collaborate with democratic partners to form a global alliance for the AI chip industry and together greet a bright, new era. A transcript of President Lai’s remarks follows: To begin, I want to give a warm welcome to all the distinguished guests here at the very first Halifax Taipei forum. The Halifax International Security Forum, held every year in Canada, has been an important gathering for freedom-loving nations worldwide. I would like to thank Halifax and President [Peter] Van Praagh for their strong support for Taiwan. Every year since 2018, Taiwan has been invited to participate in the forum. Last year, former President Tsai Ing-wen was invited to speak, and this year, Halifax has chosen Taiwan as the first location outside North America to hold a forum. As President Van Praagh has said, “While the security challenges ahead are too big for any single country to solve alone, there is no challenge that can’t be met when the world’s democracies work together.” Today, we have world leaders and experts who traveled from afar to be here, showing that they value and support Taiwan. It demonstrates solidarity among democracies and the determination to take on challenges as one. I would like to express my gratitude and admiration to all of you for serving as defenders of freedom. At this very moment, Russia’s invasion of Ukraine is still ongoing. Authoritarian regimes including China, Russia, North Korea, and Iran continue to consolidate. China is hurting economies around the world through its dumping practices. We face grave challenges to global economic order, democracy, freedom, peace, and stability. Taiwan holds a key position on the first island chain, directly facing an authoritarian threat. But we will not be intimidated. We will stand firm and safeguard our national sovereignty, maintain our free and democratic way of life, and uphold peace and stability across the Taiwan Strait. Taiwan cherishes peace, but we also have no delusions about peace. We will uphold the spirit of peace through strength, using concrete actions to build a stronger Taiwan and bolster the free and democratic community. I sincerely thank the international community for continuing to attach importance to the situation in the Taiwan Strait. Recently, US President Donald Trump and Japan’s Prime Minister Ishiba Shigeru issued a joint leaders’ statement expressing their firm support for peace and stability across the Taiwan Strait, and for Taiwan’s participation in international affairs. As we face a complex global landscape, I call on the international community to take the following actions: First, as authoritarianism consolidates, democratic nations must also come closer in solidarity. Just a few days ago, the top diplomats of the US, Japan, and South Korea held talks, underlining the importance of maintaining peace and stability across the Taiwan Strait. They also conveyed their stance against “any effort to destabilize democratic institutions, economic independence, and global security.” On these issues, Taiwan will also continue to contribute its utmost. I recently announced that we will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP.  Soon after I assumed office last year, I formed the Whole-of-Society Defense Resilience Committee at the Presidential Office. This committee aims to combine the strengths of government and civil society to enhance our resilience in national defense, economic livelihoods, disaster prevention, and democracy. We will also deepen our strategic partnerships in the democratic community to mutually increase defense resilience, demonstrate deterrence, and achieve our goal of peace throughout the world. Second, let’s create non-red global supply chains.  For the democratic community to deter the expansion of authoritarianism, it must have strong technological capabilities. These can serve as the backbone of national defense, promote industrial development, and enhance economic resilience. So, in addressing China’s red supply chain and the impact of its dumping, Taiwan is willing and able to work with global democracies to maintain the technological strengths among our partners and build resilient non-red supply chains. As a major semiconductor manufacturing nation, Taiwan will introduce an initiative on semiconductor supply chain partnerships for global democracies. We will collaborate with our democratic partners to form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. The achievements of today’s semiconductor industry in Taiwan can be attributed to our collective efforts. Government, industry, academia, and research institutions had to overcome various challenges over the last 50 years for us to secure this position.  We hope Taiwan can serve as a base for linking the capabilities of our democratic partners so that each can play a suitable role in the semiconductor industry chain and develop its own strengths, deepening our mutually beneficial cooperation in technology. This benefits all of us. Moreover, it allows us to further enhance deterrence and maintain global security. Third, let’s unite to usher in peace. China has not stopped intimidating Taiwan politically and militarily. Last year, China launched several large-scale military exercises in the Taiwan Strait. Its escalation of gray-zone aggression now poses a grave threat to the peace and stability of the Indo-Pacific region. As a responsible member of the international community, Taiwan will maintain the status quo. We will not seek conflict. Rather, we are willing to engage in dialogue with China, under the principles of parity and dignity, and work toward maintaining peace and stability in the Taiwan Strait. As the agenda of this forum suggests, democracy and freedom create more than just opportunities; they also bring resilience, justice, partnerships, and security. Taiwan will continue working alongside its democratic partners to greet a bright, new era. Once again, a warm welcome to all of you. I wish this forum every success. Thank you. Also in attendance at the event were Mrs. Abe Akie, wife of the late former Prime Minister Abe Shinzo of Japan, and Halifax International Security Forum President Van Praagh.

    Details
    2025-02-18
    President Lai meets British-Taiwanese All-Party Parliamentary Group delegation
    On the morning of February 18, President Lai Ching-te met with a delegation from the British-Taiwanese All-Party Parliamentary Group (APPG). In remarks, President Lai thanked the delegation members, the Parliament of the United Kingdom, and the UK government for continuing to demonstrate support for Taiwan through a variety of means. He also stated that Taiwan-UK relations have advanced significantly in recent years, noting that the Taiwan-UK Enhanced Trade Partnership (ETP) is the first institutionalized economic and trade framework signed between Taiwan and any European country. The president said he looks forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability, and indicated that together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. A translation of President Lai’s remarks follows: This is the first UK parliamentary delegation of the current session to visit Taiwan. On behalf of the people of Taiwan, I extend my sincerest welcome to you all. APPG Chair Sarah Champion visited Taiwan last May to attend the inauguration ceremony of myself and Vice President Bi-khim Hsiao. In July, she also attended the annual summit of the Inter-Parliamentary Alliance on China (IPAC), which was held in Taipei. I am delighted that we are meeting once again. Taiwan-UK relations have advanced significantly in recent years. I would especially like to thank our distinguished guests, as well as the UK Parliament and government, for continuing to demonstrate support for Taiwan through a variety of means. For example, the House of Commons held a debate on Taiwan’s international status last November. After the debate, a motion was unanimously passed affirming that United Nations General Assembly (UNGA) Resolution 2758 does not mention Taiwan. Responding to the motion, Parliamentary Under-Secretary of State Catherine West stated that the UK opposes any attempt to broaden the interpretation of the resolution to rewrite history. This highlighted concrete progress in Taiwan-UK bilateral relations. I would also like to thank the UK Parliament and government for openly opposing on multiple occasions any unilateral change to the status quo across the Taiwan Strait, and for emphasizing that the security of the Indo-Pacific and transatlantic regions is closely intertwined. We look forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability. Together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. For example, the Taiwan-UK ETP is the first institutionalized economic and trade framework signed between Taiwan and any European country. We hope to swiftly conclude negotiations on signing sub-arrangements on investment, digital trade, and energy and net-zero transition. This will facilitate even more exchanges and cooperation between Taiwan and the UK. We also hope that the UK will continue to support Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Together, we can build even more resilient global supply chains and further contribute to global prosperity and development. I believe that this visit adds to a strong and solid foundation for future Taiwan-UK cooperation. Thank you once again for backing Taiwan. I wish you a fruitful and successful visit. Chair Champion then delivered remarks, thanking President Lai for his warm welcome and for the hospitality he has shown to her and the delegation, and thanking Taiwan’s excellent team of officials for their care and attention. Chair Champion expressed that she thinks the IPAC conference held in Taiwan at the end of July last year was very significant, with legislators from 23 countries coming to show support for Taiwan, adding that that is something they have built on since the conference. She stated that she is also very proud that the UK Parliament supported the motion which made very clear that UNGA Resolution 2758 is specific to China and only to China, expressing that it was important and powerful that they recognize that. The chair went on to say that after the UK’s general election, more than half of the members of parliament are now new. She said she is very proud that there are new MPs as part of the delegation, and that she hopes it gives President Lai reassurance that their commitment to Taiwan is still there.  Chair Champion emphasized that the all-party group is important because it is indeed all-party, and that they work together for their common interests, stating that the common interest for the UK and for the world is to maintain Taiwan’s sovereignty. She also noted that the United States has now come out very much in support of Taiwan, which she said she hopes encourages other countries around the world to do the same. Chair Champion said that the UK will be going into the 27th trade negotiation with Taiwan, and that they hope the partnership that develops is very fruitful. The chair closed by saying that it is wonderful for the delegation to be meeting President Lai, as well as legislators and ministers, and to be understanding more about the culture of Taiwan so that they can build a deeper, longer-lasting friendship. The delegation also included Lord Purvis of Tweed of the House of Lords and Members of Parliament Ben Spencer, Helena Dollimore, Noah Law, and David Reed. The delegation was accompanied to the Presidential Office by Political and Communications Director at the British Office in Taipei Natasha Harrington.  

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI China: EU chief proposes 800B-euro defence plan to rearm Europe

    Source: China State Council Information Office

    European Commission President Ursula von der Leyen speaks during a press conference after a European Council summit in Brussels, Belgium, Dec. 19, 2024. [Photo/Xinhua]

    European Commission President Ursula von der Leyen on Tuesday unveiled an 800-billion-euro (844.6-billion-U.S. dollars) plan to significantly increase defence spending across the bloc.

    She said that in response to escalating security threats across the European Union (EU), Europe had entered “an era of rearmament.”

    In a letter written to EU leaders ahead of Thursday’s European Council, von der Leyen unveiled the “ReArm Europe” plan and emphasised the urgency of strengthening Europe’s defence capabilities, citing mounting geopolitical tensions, particularly in light of Russia-Ukraine military conflict and concerns over the future of U.S. support for the North Atlantic Treaty Organization (NATO).

    “Europe is ready to massively boost its defence spending. Both to respond to the short-term urgency to act and to support Ukraine but also to address the long-term need to take on much more responsibility for our own European security,” she said.

    “The question is no longer whether Europe’s security is threatened in a very real way,” von der Leyen said. “The real question in front of us is whether Europe is prepared to act as decisively as the situation dictates.”

    According to a statement published by the European Commission, the “ReArm Europe” plan is a comprehensive set of proposals aimed at unlocking financial resources to support national defence investments both in the short term and over the next decade.

    The initiative consists of five key measures designed to strengthen Europe’s defence capabilities and bolster military support for Ukraine.

    A core component of the plan involves adjusting EU fiscal rules to allow member states to ramp up defence spending without triggering budgetary penalties.

    Von der Leyen announced that the European Commission will propose activating the national escape clause of the Stability and Growth Pact, enabling governments to expand their military budgets without breaching EU deficit limits.

    “If Member States were to increase their defence spending by 1.5 percent of GDP on average, this could create fiscal space of close to 650 billion euros over four years,” she said.

    Another key element of the plan is the creation of a 150-billion-euro loan program to help EU countries jointly invest in critical military assets. The initiative aims to enhance collective procurement efforts, reduce costs, and improve interoperability across European armed forces.

    “We are talking about pan-European capability domains: air and missile defence, artillery systems, missiles and ammunition, drones and anti-drone systems, as well as cyber defence and military mobility,” von der Leyen said.

    Joint procurement efforts under this scheme would not only reinforce EU security but also allow member states to provide Ukraine with additional military aid, she said.

    Von der Leyen also proposed leveraging the EU budget to support defence-related investments. She announced member states would be given additional incentives to use cohesion policy programmes to boost military spending.

    The final two pillars of the ReArm Europe plan focus on attracting private sector investment in defence through specific initiatives and through increased involvement from the European Investment Bank.

    “We will continue working closely with our partners in NATO,” von der Leyen said. “This is Europe’s moment, and we are ready to step up.” (1 euro = 1.06 U.S. dollar)

    MIL OSI China News

  • MIL-OSI Security: Hollywood Woman Found Guilty of Running Tech-Savvy Drug Delivery Business that Caused Three Near-Fatal Fentanyl Overdoses

    Source: Office of United States Attorneys

    LOS ANGELES – A Hollywood woman was found guilty by a jury today of running a tech-savvy drug delivery business that employed drivers – including a part-time actor – and resulted in three near-fatal fentanyl overdoses.       

    Mirela Todorova, 36, a.k.a. “Mimi,” was found guilty of one count of conspiracy to distribute controlled substances resulting in serious bodily injury, one count of distribution of fentanyl, three counts of distribution of fentanyl resulting in serious bodily injury, one count of possession with intent to distribute methamphetamine, one count of possession with intent to distribute cocaine, one count of possession with intent to distribute MDMA (Ecstasy), and one count of making false statements to federal investigators.

    The jury also found that Todorova must forfeit $498,555 in drug proceeds to the government.

    “This defendant used her knowledge of technology to peddle the poison of fentanyl – despite knowing the pills she sold ran the risk of killing people,” said Acting United States Attorney Joseph McNally. “Investigating and prosecuting these cases saves lives. I commend our local and federal partners for stopping this dangerous criminal organization and bringing justice to the victims here.”

    “This case highlights the importance of looking at every overdose incident,” said Matthew Allen, Special Agent in Charge of the Drug Enforcement Administration’s Los Angeles Field Division. “This case started with a single overdose and led to the identification of the dealer responsible for multiple overdoses. This drug distributor had knowledge of the harm she was creating and didn’t care.”

    According to evidence presented at a nine-day trial, Todorova from June 2020 to March 2021 orchestrated a technology-savvy drug trafficking operation in which she provided cellphones and narcotics – including counterfeit oxycodone pills that contained fentanyl – to drivers to facilitate the delivery of drugs to customers across Los Angeles County and elsewhere. Todorova – who is a citizen of the United States, Canada, and Bulgaria – also delivered drugs herself.

    Several times throughout the drug trafficking conspiracy, Todorova visited Mexico, where she continued to manage her drug operation while tending to her pet jaguar, “Princess.”

    To carry out the scheme, Todorova hired Mucktarr Kather Sei, 39, of Koreatown, as a driver and, later, gave him the keys to her Hollywood drug stash house, allowing him to run the drug ring’s operations while continuing to direct him from abroad.

    Despite warnings from customers that the oxycodone pills she was selling were laced with fentanyl and potentially fatal, Todorova continued to sell them. From November 2020 to January 2021, three customers of Todorova’s drug ring suffered near-fatal overdoses of fentanyl-laced oxycodone pills. Despite knowing their danger, Todorova continued to sell these fentanyl-laced pills until February 2021.

    In March 2021, law enforcement executed search warrants on Todorova’s person, car, and home, seizing numerous drug trafficking materials and narcotics, including lab-confirmed methamphetamine, cocaine, and MDMA, as a well as a single purported oxycodone pill laced with fentanyl.

    In December 2021, Todorova knowingly made series of false statements to federal law enforcement official when she said she thought the drugs seized from her apartment were vitamins, she never instructed anyone how to package or make drugs, and she only met Sei twice.

    United States District Judge André Birotte Jr. scheduled a September 12 sentencing hearing, at which time Todorova will face a mandatory minimum sentence of 20 years in federal prison and a statutory maximum sentence of life imprisonment. She has been in federal custody since April 2021.

    Sei and two other defendants charged in this case – Christopher Y. Moreno Núñez, 29, of Pacific Palisades, and Ashley Alicia Nicole Johnson, 34, of Los Angeles – each pleaded guilty last year to felony narcotics distribution charges and will be sentenced in the coming months. Sei has been in federal custody since February 2022.

    This case is the result of an investigation by the Los Angeles Police Department and the Drug Enforcement Administration’s Overdose Justice Task Force, which was created to address opioid-related deaths in the greater Los Angeles area, most of which are caused by the synthetic opioid fentanyl. Under the Overdose Justice program for the DEA’s Los Angeles Field Division, DEA agents collaborate with local law enforcement to analyze evidence to determine if there are circumstances that might lead to a federal criminal prosecution, and, if so, proactively target the drug trafficker.

    Assistant United States Attorney Patrick Castañeda of the International Narcotics, Money Laundering, and Racketeering Section, Assistant United States Attorneys Jason C. Pang and Suria M. Bahadue of the General Crimes Section, and Assistant United States Attorney James E. Dochterman of the Asset Forfeiture and Recovery Section are prosecuting this case.

    MIL Security OSI