Category: European Union

  • MIL-OSI United Kingdom: York free school meal pilots extended to a third primary 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 years 3-6* at Westfield Community Primary School and free breakfasts for to all pupils at Burton Green Primary School, which have been running since early 2024. 

    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.”

    More details on the research findings are available on the council website.

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


    *Children in Reception, year 1 and year 2 are eligible for free school lunches under the government’s national free school meals scheme.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Shoppers in line for fortnight of city centre free giveaways

    Source: Scotland – City of Aberdeen

    Lucky shoppers are set for two-weeks of free goods in city centre shops, stores and eateries starting next Monday (10 March).

    Freebie Fortnight, which runs until 23 March, sees participating businesses in the city centre, including food, retail and beauty, offering goods or services up to the value of £5 or £10 to a set number of customers per day.

    For full details, all customers have to do is search Freebie Fortnight on Aberdeen City Council’s website or look out for the special window stickers in participating shops. Up to 50 customers a day who say the code word “Freebie Fortnight” to staff in participating stores could be in line for a free item.

    The promotion is being led by Aberdeen City Council’s City Development and Regeneration team with funding from the UK Shared Prosperity Fund.

    Councillor Alex McLellan, the Council’s Finance and Resources convener, said: “The Freebie Fortnight promotion will provide a boost to local shops, cafes, and restaurants and also reward customers for their city centre visit”

    “Aberdeen City Council is delivering significant city centre regeneration, and this is another great initiative to bring people into the city centre.”

    Participating businesses will have an opportunity to devise their own deal based on stock and deliverability.

    A variety of offerings will be ensured, from ‘grab and go’ options which may attract workers and commuters, to sit-down or browsing options which may attract visitors and increase dwell time spent in the city centre.

    Freebie Fortnight is being supported by social media and a Northsound radio campaign. For more information on participating outlets, visit: Freebie Fortnight | Aberdeen City Council

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: New Ratho Library opens its doors and unveils special artwork

    Source: Scotland – City of Edinburgh

    The new Ratho Library has officially opened its doors to the public as it moves into its permanent location after closing its doors in 2020 and serving as a mobile service since 2021.

    The opening celebration includes the unveiling of a special artwork inside the library, showcasing a quote chosen by the local community.

    In the summer of 2023, the library hosted a community vote to select a quote from a selection of beloved children’s books. The winning quote, now proudly displayed above the children’s library section, is from Charlie Cook’s Favourite Book by Julia Donaldson and Axel Scheffler. The quote celebrates the joy of reading and literature, making it a perfect fit for the new library’s vibrant atmosphere.

    In addition to the winning quote, illustrations of Rowena frog and other characters from the book accompany the quote, further enhancing the library’s welcoming environment for young readers.

    Each child who attends the early years centre adjacent to the new library will receive a copy of Charlie Cook’s Favourite Book by Julia Donaldson and Axel Scheffler to mark the official opening of the new library.

    Winning quote 
    ‘Charlie Cook’s Favourite Book’ (2005) written by Julia Donaldson and illustrated by Axel Scheffler. Macmillan Children’s Books (Pan Macmillan).

    ‘About Rowena Reddalot,
    a very well-read frog,
    Who jumped upon a lily pad
    and jumped upon a log,
    Then jumped into the library
    which stood beside the brook,
    And went, “Reddit! Reddit! Reddit!”
    as she jumped upon a book…’

    Julia Donaldson said: 

    I have long campaigned on the valuable role that public libraries play in communities and in developing a love of books. I am very pleased that this library is opening in Ratho; it isn’t news that you hear every day. I want to thank everyone who voted to see ‘Charlie Cook’s Favourite Book’ featured on the walls in the children’s area and I hope this joyful space introduces a new generation of readers to stories they will treasure for life.

    Axel Scheffler said:

    It is an honour to know that ‘Charlie Cook’s Favourite Book’ was chosen by the local community in Ratho to feature in their new library. I would like to thank them all and also the librarian team who have worked so hard to make this happen. I am so pleased that Rowena frog and Charlie will welcome young readers into the children’s area and I hope they will inspire families to discover great new books together.

    Culture and Communities Convener Val Walker, said:

    We are thrilled to open the doors of our new Ratho Library and celebrate the community’s involvement in selecting the quote that now graces our children’s library. This collaboration highlights our shared love of reading and the importance of literature in inspiring young minds. The winning quote from ‘Charlie Cook’s Favourite Book’ perfectly reflects the joy of storytelling, and we are excited to create a space where every visitor, especially our young readers, can feel the magic of books.

    Our dedicated team at Ratho has worked closely with Macmillan Children’s Books to develop the graphic design for our new library and it looks fantastic. I would like to extend our sincere thanks to Julia Donaldson, Axel Scheffler and Macmillan Children’s Books for their permission to use ‘Charlie Cook’s Favourite Book’ and their ongoing support in the process. I hope visitors enjoy the design for years to come.

    Ratho Library offers a broad range of services to customers, including access to a wide variety of digital and printed books, free public access to computers, free public Wi-Fi, collection of NHS hearing Aid batteries, support with National Entitlement Cards alongside an exciting programme of events and activities for children and adults. The library will host Tech Donation Boxes later in the year where everyday tech devices can be upcycled.

    An official opening event for the library will be held at a later date.
     

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: As good as Gold – Council is first in UK to earn environmental awareness accolade

    Source: City of Manchester

    Manchester City Council has become the first local authority in the UK to be awarded ‘Gold’ status for its staff’s understanding of climate change. 

    More than half of the people working for the Council and associated bodies such as MCR Active – and more than 90 per cent of senior officers and councillors – have completed Carbon Literacy® training which gives an insight into the implications of climate change, how harmful carbon emissions cause the problem and how they might be reduced.  

    Being Carbon Literate enables people to take informed decisions in both their personal and work lives which will support Manchester’s commitment to become zero carbon by 2038 or earlier.  

    In total, Manchester City Council and its associates have almost 4,000 employees who have completed Carbon Literacy training – the most of any council in the country.  

    Being named a Gold Carbon Literate Organisation by the Carbon Literacy Project is a further marker of progress for the Council, which had previously become the first local authority to gain Silver status in February 2021. 

    Councillor Tracey Rawlins, Executive Member for Environment, said: “We’re pleased that Manchester City Council is leading the way nationally in empowering our staff with an understanding of environmental issues and giving them a foundation to take actions which will support our mission to cut harmful carbon emissions, in both their professional and personal lives.  

    “Getting to Gold status has been a long journey but what’s important is not the accolade itself but the understanding which now runs through the organisation. It’s something that our staff have really embraced.  

    “We have also launched and are actively supporting the Manchester Carbon Literate City initiative which aims to be another UK first for Manchester, the first city where 15 per cent of people who live, work and study here will have been certified as Carbon Literate.”  

    Dave Coleman, Co-founder and Managing Director of The Carbon Literacy Project, said: “As the city in which Carbon Literacy was created, it probably shouldn’t be any surprise that Manchester is the first local authority anywhere to achieve Carbon Literate Organisation (CLO) Gold level accreditation.  

    “Gold CLO required not just that more than half of the Council’s workforce be Carbon Literate, and delivering action on climate in their jobs, it also required the Council to demonstrate evidence that it is culturally Carbon Literate and has embedded the values of Carbon Literacy in its delivery, its working practices and its policy. 

    “We applaud Manchester City Council as the UK’s very first local authority to achieve Gold CLO status.” 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: £1.5 billion to restore pride in Britain’s neighbourhoods

    Source: United Kingdom – Executive Government & Departments

    Press release

    £1.5 billion to restore pride in Britain’s neighbourhoods

    The government has announced £1.5 billion funding for 75 selected communities through the Plan for Neighbourhoods.

    • Turning the tide on a decade of decline, £1.5bn funding will foster stronger, better connected and healthier communities across the UK. 
    • High streets, local parks, youth clubs, cultural venues, libraries and health and wellbeing services in scope of regeneration, creating local growth and opportunities through new Plan for Neighbourhoods.   
    • New neighbourhood boards across the 75 selected communities will bring together residents and businesses to decide how to spend the money in their area.  
    • The latest step in the government’s ambitious Plan for Change, kickstarting national renewal, taking back control of our streets and putting more money in local people’s pockets

    Local people to see their high streets revived, community hubs saved and public services transformed and strengthened through the Plan for Neighbourhoods, announced today.

    £1.5 billion to be handed to towns across the UK to tackle deprivation and turbocharge growth as every area joins the decade of national renewal committed to in our Plan for Change.  

    A total of 75 areas will each receive up to £20 million of funding and support over the next decade through the plan, with ministers vowing it will help transform “left behind” areas by unleashing their full potential by investing in delivering improved vital community services from education, health and employment, to tackling local issues like crime. Transformation will be holistic, long-term, and sustainable to deliver meaningful change in the day-to-day lives of local people. 

    Communities across the four nations from Scunthorpe in England, Irvine in Scotland, Wrexham in Wales, and Coleraine and Derry~Londonderry in Northern Ireland are among the areas set to benefit.   

    This is the latest step in the government’s ambitious Plan for Change missions to grow the UK economy, deliver safer streets and create opportunities for everyone. 

    The Plan for Neighbourhoods doubles the scope of the types of projects that can benefit and is now fully aligned with the government’s long-term Plan for Change missions: breaking down barriers to opportunity and kickstarting economic growth.

    Deputy Prime Minister and Secretary of State for Housing, Communities and Local Government, Angela Rayner said:

    “For years, too many neighbourhoods have been starved of investment, despite their potential to thrive and grow. Communities across the UK have so much to offer – rich cultural capital, unique heritage but most of all, an understanding of their own neighbourhood. 

    “We will do things differently, our fully funded Plan for Neighbourhoods puts local people in the driving seat of their potential, having control of where the Whitehall cash goes – what issues they want to tackle, where they want to regenerate and what growth they want turbocharge.”

    Minister for Local Growth and Building Safety, Alex Norris said:

    “When our local neighbourhoods thrive, the rest of the country thrives too. That’s why we are empowering communities to take control of their futures and create the regeneration and growth they want to see. 

    “Our Plan for Neighbourhoods we will deliver long-term funding that will bolster that inner community spirit in us all and relight the fires in corners of the UK that have for too long been left fighting for survival.  

    “This, along with our ambitious reforms to streamline the planning system, devolve powers and strengthen workers’ rights, will help get places and people thriving once again.”

    In each area, the government will help set up a new ‘Neighbourhood Board’, bringing together residents, local businesses, and grassroots campaigners to draw up and implement a new vision for their neighbourhood.  Mayors will have a formal role in town boards allowing local people to take advantage of the powers devolved from Westminster.

    Each board will decide how to spend up to £20 million – they can choose from options ranging from repairs to pavements and high streets, to setting up community grocers providing low-cost alternatives when shopping for essentials, as well as co-operatives or even neighbourhood watches.   

    By creating thriving places, strengthening communities, and empowering people to take back control, areas can now drive forward their own priorities.

    Through our ambitious devolution plans already underway, creating the greatest shift in power from Whitehall to local areas across England – change and growth for every corner of the country is already being seen. Leaders with skin in the game are finally able to take the lead on decision making, tackling the issues that matter to voters, breaking down barriers to opportunity and boosting economic growth.

    Further information

    The Plan for Neighbourhoods delivers on the commitments made to these deprived communities from the previous administration’s Long-Term Plan for Towns, which it was confirmed at the 2024 Autumn Budget would be retained and reformed.   

    Ministers have also published a list of regeneration powers that communities will be encouraged to use, like the power to save pubs by listing them as community assets, and the use of respect orders to tackle repeat offenders.  

    Funding will be released from April 2025 with delivery investment commencing in 2026, and areas included in the Plan for Neighbourhoods were chosen after considering key factors including rates of deprivation and healthy life expectancy.

    All 75 areas receiving funding are as follows:  

    Scotland: 

    • Arbroath 
    • Elgin 
    • Kirkwall (Orkney Islands) 
    • Peterhead 
    • Dumfries 
    • Irvine 
    • Kilmarnock 
    • Clydebank 
    • Coatbridge 
    • Greenock 

    Wales: 

    • Barry 
    • Wrexham 
    • Rhyl 
    • Cwmbrân 
    • Merthyr Tydfil 

    Northern Ireland: 

    • Derry~Londonderry 
    • Coleraine 

    North East: 

    • Blyth 
    • Darlington 
    • Eston 
    • Hartlepool 
    • Jarrow 
    • Spennymoor 
    • Washington 

    North West: 

    • Accrington 
    • Ashton-Under-Lyne 
    • Burnley 
    • Chadderton 
    • Darwen 
    • Farnworth 
    • Heywood 
    • Kirkby 
    • Leigh 
    • Nelson 
    • Newton-le-Willows 
    • Rawtenstall 
    • Runcorn 

    Yorkshire and the Humber: 

    • Barnsley 
    • Castleford 
    • Dewsbury 
    • Doncaster 
    • Keighley 
    • Rotherham 
    • Scarborough 
    • Scunthorpe 
    • Grimsby 

    East Midlands: 

    • Boston 
    • Carlton 
    • Chesterfield 
    • Clifton (Notts) 
    • Kirkby-in-Ashfield 
    • Mansfield 
    • Newark-on-Trent 
    • Spalding 
    • Worksop 
    • Skegness 

    West Midlands: 

    • Bedworth 
    • Bilston 
    • Darlaston 
    • Dudley 
    • Royal Sutton Coldfield 
    • Smethwick 

    East of England: 

    • Canvey Island 
    • Clacton-on-Sea 
    • Great Yarmouth 
    • King’s Lynn 
    • Thetford 
    • Wisbech 
    • Harlow 

    South East: 

    • Bexhill-on-Sea 
    • Eastbourne 
    • Hastings 
    • Ramsgate 
    • Ryde 

    South West:  

    • Torquay

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: Municipality Finance Group’s Annual Report for 2024 published

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    4 March 2025 at 2:00 pm (EET)

    Municipality Finance Group’s Annual Report for 2024 published

    Municipality Finance Group’s Annual Report and Corporate Governance Statement for the year 2024 have been published in English and Finnish.

    MuniFin Group’s Annual Report fulfills the reporting requirements of European Single Electronic Format (ESEF). In accordance with these requirements, Report of the Board of Directors and the Consolidated Financial Statements are published not only in the Annual Report file but additionally in a separate zip file in which Report of the Board and the Financial Statements are marked up with XBRL tags. These ESEF Financial Statements have been subject to an independent auditor’s assurance.

    MuniFin Group has also published Pillar 3 Disclosure document in accordance with Regulation (EU) No 575/2013 and Directive 2013/36/EU. The document is available in English. The remuneration aspects of Pillar 3 reporting are also available separately in Finnish in MuniFin Group’s Remuneration Report 2024.

    MuniFin Group has also published its Green Impact Report and Social Impact Report for 2024 in English.

    All of the above-mentioned reports are available on MuniFin’s website at www.munifin.fi.

    MUNICIPALITY FINANCE PLC

    Further information:

    Esa Kallio
    President and CEO
    tel. +358 50 337 7953

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    Attachments

    The MIL Network

  • MIL-OSI: Lantronix Powers Next-Generation AI-Enabled Camera Solutions With Seamless Teledyne FLIR Thermal Integration

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Lantronix Inc.  (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a breakthrough in AI-powered camera technology with the seamless integration of its high-performance Open-Q™ System-on-Module (SoM) solutions including hardware and software with Teledyne FLIR’s thermal infrared (IR) camera modules and Prism™ embedded software. This integration accelerates the development of next-generation AI-enabled camera solutions in autonomous navigation/drones, surveillance and robotics.

    Powered by Lantronix’s cutting-edge Open-Q SoMs, based on the Qualcomm Dragonwing™ QRB5165 and QCS8250 processor platforms, this solution delivers unparalleled processing capabilities for AI-driven situational awareness, advanced computational imaging and real-time decision-making. Lantronix’s seamless technology integration provides a competitive edge, enabling developers to create high-performance, size-, weight- and power-optimized (SWaP) AI camera solutions that push the boundaries of innovation.

    Lantronix at the Forefront of AI Edge Intelligence

    “With Lantronix’s Open-Q SoMs, developers can confidently build AI-powered solutions knowing they are backed by industry-leading embedded compute technologies that deliver longevity, reliability and continuous innovation,” said Mathi Gurusamy, Chief Strategy Officer at Lantronix. “By integrating with Teledyne FLIR’s advanced thermal camera modules, Lantronix provides a turnkey embedded AI solution that maximizes performance while simplifying development and deployment,” he added.

    Advanced AI and Thermal Processing

    Lantronix’s integration of Teledyne FLIR Prism into the Qualcomm Dragonwing QRB5165 and QCS8250 platforms brings advanced thermal image signal processing (ISP) and AI capabilities to edge devices. Key features include:

    • Prism ISP: Super resolution, turbulence mitigation, atmospheric obscurant correction, de-noising, image fusion, electronic stabilization, and local contrast enhancement.
    • Prism AI: Real-time object detection, motion target indication, and high-speed target tracking at video frame rates.

    Lantronix’s Open-Q SoMs fully support Teledyne FLIR Hadron™ dual visible-thermal and Boson® thermal camera modules, allowing for simultaneous color and infrared video capture across multiple MIPI-CSI camera interfaces. Key configurations include:

    • Hadron Camera: Integrated with the Lantronix Open-Q 8250 SoM, featuring the Dragonwing QCS8250 processor running Android™.
    • Boson Camera: Integrated with the Lantronix ultra-compact Open-Q 5165 SoM, leveraging the Dragonwing QRB5165 platform on Linux®.

    Teledyne FLIR on the Lantronix Collaboration

    “Our collaboration with Lantronix adds flexibility for integrators developing thermal-enabled AI-based platforms,” said Michael Walters, Vice President of Product Management at Teledyne FLIR OEM. “Our SWaP-optimized IR camera modules and ultra-low embedded software processing power simplify thermal management and extend battery life for autonomy applications.”

    Lantronix Open-Q 5165: Optimized for AI and Edge Computing

    Lantronix’s Open-Q 5165 is an ultra-compact (50mm x 29mm), production-ready, pre-certified SoM based on the powerful Dragonwing QRB5165 platform. Features include:

    • Qualcomm Spectra™ ISP, Qualcomm® Adreno™ GPU, and Qualcomm® Hexagon™ DSP
    • 5th generation Qualcomm® AI Engine, with twice the performance of the previous generation, with up to 15 trillion operations per second
    • Wi-Fi 6 connectivity, advanced camera features and many high-speed interfaces

    Lantronix will display its SoMs in the Qualcomm Technologies booth at Hall5/5-161 at Embedded World, March 13–15, 2025, in Nuremberg, Germany.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm, Qualcomm Dragonwing, Qualcomm Spectra, Snapdragon, Adreno and Hexagon are trademarks or registered trademarks of Qualcomm Incorporated.

    The MIL Network

  • MIL-OSI Economics: Lufthansa Express Rail: Ticket now also valid for local public transportation

    Source: Lufthansa Group

    By train to the plane: now even easier. Bookings with Lufthansa Express Rail now include the Deutsche Bahn (DB) City-Ticket. This allows customers to also use local public transportation during their trip. Lufthansa boarding passes are also valid for travel by bus, tram, underground and suburban railway to and from the Express Rail station.

    All Lufthansa Express Rail destinations except Siegburg and Basel will receive the convenient upgrade. In a total of 26 German cities, customers can use local public transportation before and after their trip. The City-Ticket is valid on the day of validity once in each direction for the trip to the Express Rail station or from there to the destination of the trip.

    Demand for Lufthansa Express Rail has risen continuously in recent years. In 2024 alone, around 500,000 passengers used the service for their arrival and departure at Frankfurt Airport. With the integration of the City-Ticket, Lufthansa and DB are further enhancing their intermodal offering.

    Lufthansa Express Rail is part of a more than 20-year cooperation between Lufthansa and DB. With just one booking step, customers can purchase a combined ticket for train and flight and thus conveniently use the train as a shuttle to Frankfurt Airport from a total of 28 cities in Germany. This means that Lufthansa Express Rail connects more than twice as many cities in Germany as Lufthansa currently serves by air. Every day, DB and Lufthansa offer more than 240 ICE connections with a Lufthansa flight number (codeshare numbers).

    MIL OSI Economics

  • MIL-OSI United Kingdom: Council Tax information letter 3/2025: Ukraine Permission Extension council tax regulations

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Council Tax information letter 3/2025: Ukraine Permission Extension council tax regulations

    This letter confirms that the Secretary of State has made regulations to ensure that hosting a Ukraine Permission Extension visa holder will not affect their council tax status.

    Applies to England

    Documents

    Details

    The letter sets out measures the government is taking to ensure that households providing a home for a sponsored person with a Ukraine Permission Extension visa maintain their council tax discounts, exemptions and local council tax support. This reflects the protection already in place for households hosting a person with a Homes for Ukraine visa.

    Updates to this page

    Published 4 March 2025

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    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Electric cargo-bike delivery partnership extended until end of February 2026

    Source: City of Oxford

    A partnership that offers electric cargo bike deliveries for businesses is being extended for a further year, following support from Oxford City Council.

    In March 2024, Oxford City Council and Velocity Cycle Couriers launched a 12-week trial offering same-day and next-day zero-emission deliveries by electric cargo bike for Oxford businesses to destinations within the ring road. 

    The trial was extended twice, following successful feedback from businesses participating in the scheme. Now, the Council is extending the partnership for a year until 28 February 2026. 

    Under the partnership, businesses can book deliveries to be carried out by a Velocity rider using the dedicated Oxford’s Covered Market e-cargo bike, supported by Velocity’s fleet of e-cargo bikes. 

    Oxford City Council subsidises 50% of each delivery, with participating businesses paying the remaining cost. This subsidy has allowed the partnership to continue for as long as possible, enabling businesses to explore zero emission deliveries for longer. 

    Funding for the extended partnership has come from an air quality grant, helping to support businesses with zero emission deliveries.  

    Supporting zero emission deliveries 

    The road transport sector is the largest contributor of NOX emissions in the city, accounting for 32% of total NOX emissions in Oxford. 

    This electric cargo bike partnership aims to support businesses as they explore how they can move towards zero-emission deliveries. 

    Since its launch, the partnership has made around 2236 deliveries within the Oxford ring road covering approximately 6259 miles, and supporting 27 businesses. In total, the initiative is estimated to have saved an estimated 1650 tons of carbon.    

     Participating businesses includes:  

    1. Truck Store  
    2. MacSimple 
    3. Oxford Mutual Aid 
    4. Hamblin Bakery 
    5. Iscream 
    6. Wicked Chocolate,  
    7. Oxford Cheese 
    8. Oxford Soap Company  
    9. Market Garden  
    10. Jemini 
    11. Gulp Fiction  
    12. Blue Blood  
    13. Oxunboxed  
    14. Woolhound 
    15. Market Cellar Door  
    16. Hamblin Kiosk 
    17. YOU Underwear  
    18. Nothing 
    19. Oxford Sandwich Company  
    20. Market Tap  
    21. David John  
    22. Walters 
    23. Taylors  
    24. Hoyles 
    25. Fresh Connection 
    26. Objects of Use 
    27. Scriptum 

    Businesses that want to take part in the partnership can contact Velocity at hello@velocitycc.co.uk or by calling Velocity on 01865 249 854. 

    “I am delighted that we are extending this partnership for another year, allowing us to continue to support local businesses, reduce carbon emissions and improve air quality. We encourage more businesses to join us in this journey towards a greener, cleaner Oxford!” 

    Anna Railton, Deputy Leader and Cabinet Member for Zero Carbon Oxford, Oxford City Council

    “After delivering Oxford City Council’s pilot for 12 months, we are delighted that so many businesses and traders have reaped the benefits of the council’s subsidised scheme to encourage zero emission deliveries. Our e-cargo bike deliveries have generated more than 1650 KgCo2e of carbon savings; they’ve reduced congestion within the ring road and have contributed to better conditions in the city centre for pedestrians and cyclists. We’re looking to bring more businesses into the scheme to offer them fast, reliable and sustainable deliveries while improving air quality and reducing pollution across our city.” 

    Jake Swinhoe, Director, Velocity Cycle Couriers

    MIL OSI United Kingdom

  • MIL-OSI: BAWAG Group hosts Investor Day and announces new targets for 2027

    Source: GlobeNewswire (MIL-OSI)

    BAWAG Group today hosts its second Investor Day following our IPO in October 2017. After over seven years as a public company, we are taking stock on what we have achieved to date and more importantly focusing on how we have positioned our franchise for growth. Following our transformation over the past decade, BAWAG Group today ranks among the most profitable and efficient banks in Europe, with the financial strength to support our customers and local communities.

    We have already delivered all our medium-term financial targets laid out in 2021. The team takes a great deal of pride in delivering on our commitments, but we also recognize there is much more ahead.

    For our Investor Day, we are outlining a new set of medium-term financial targets. By 2027, we plan to generate over €2.7 billion net profit from 2025 through 2027, with net profit of > €1 billion in 2027. We also plan to generate over €1 billion in excess capital, after accounting for a 55% dividend payout ratio, which we hope to deploy towards incremental organic growth above our stated net profit target, further M&A, and/or capital distributions. As we have done in the past, we will assess our capital position at the end of each year and communicate distributions according to our capital distribution framework. We are targeting to deliver a return on tangible common equity (RoTCE) > 20% across all cycles and plan to achieve a cost-income ratio (CIR) < 33% by 2027.

    This past year we delivered a return on tangible common equity of 26% and have averaged 18% over the last 13 years, which included 8 years of zero or negative rates, of which we underearned as a franchise. After delivering a record year in 2024 and closing two transformative acquisitions, BAWAG Group stands as one of the best performing European banks, an achievement that has been years in the making and a tremendous source of pride for our team.

    However, our best years lie ahead. Our goal is ‘1+1’ in 2027: We are targeting net profit > €1 billion in 2027 while also generating excess capital > €1 billion through 2027. The resilience of our franchise lies in our ability to deliver results across all cycles as we are built for all seasons. Going forward we will be able to deliver continued positive operating leverage with significant revenue growth while keeping our cost discipline. Our approach is consistent: focus on the things you control, be patient and disciplined, keep a conservative risk appetite, be good stewards of capital, and build the right culture. Our team is focused on delivering on our commitments and deeply committed to the long-term success of the franchise”, comments Anas Abuzaakouk, CEO of BAWAG Group.

    The presentation is available on our website www.bawaggroup.com and the webcast will start at 3pm CET.

    About BAWAG Group

    BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving over 4 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe, and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need. BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

    Forward looking statement

    This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

    Contact:

    Financial Community:
    Jutta Wimmer (Head of Investor Relations)
    Tel: +43 (0) 5 99 05-22474

    IR Hotline: +43 (0) 5 99 05-34444
    E-mail: investor.relations@bawaggroup.com

    Media:
    Manfred Rapolter (Head of Corporate Communications and Social Engagement)
    Tel: +43 (0) 5 99 05-31210
    E-mail: communications@bawaggroup.com

    This text can also be downloaded from our website: https://www.bawaggroup.com

    The MIL Network

  • MIL-OSI United Kingdom: Wales to get £100 million to restore pride in neighbourhoods and boost growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Wales to get £100 million to restore pride in neighbourhoods and boost growth

    Wales to receive a share of £1.5 billion creating local growth and opportunities through new Plan for Neighbourhoods.  

    £100 million for five Welsh communities through the UK Government’s Plan for Neighbourhoods

    • Wales to receive a share of £1.5 billion to foster stronger, better connected and healthier communities across the UK. 
    • High streets, local parks, youth clubs, cultural venues, libraries and more in scope of regeneration, creating local growth and opportunities through new Plan for Neighbourhoods.   
    • New neighbourhood boards across the 75 selected communities will bring together residents and businesses to decide how to spend the money in their area.  
    • The latest step in the government’s ambitious Plan for Change, kickstarting national renewal, taking back control of our streets and putting more money in local people’s pockets

    Local people in Wales to see their high streets revived, community hubs saved and public services transformed with £100 million funding through the government’s Plan for Neighbourhoods to tackle deprivation and turbocharge growth, as every area joins the decade of national renewal committed to in our Plan for Change. 

    A total of 75 areas will each receive up to £20 million of funding and support over the next decade through the plan, with ministers vowing it will help transform “left behind” areas by unleashing their full potential by investing in delivering improved vital community services from education, health and employment, to tackling local issues like crime. Transformation will be holistic, long-term, and sustainable to deliver meaningful change in the day-to-day lives of local people. 

    In Wales areas due to receive funding through the plan include:  

    • Barry 
    • Wrexham 
    • Rhyl 
    • Cwmbrân  
    • Merthyr Tydfil  

    Each board will decide how to spend up to £20 million of funding and support – they can choose from options ranging from repairs to pavements and high streets, to setting up low-cost community grocers providing low-cost alternatives when shopping for essentials, as well as co-operatives or even neighbourhood watches.  

    This is the latest step in the government’s ambitious Plan for Change missions to grow the UK economy, deliver safer streets and create opportunities for everyone. 

    UK Government will work with the Welsh Government to ensure the Plan for Neighbourhoods compliments, supports, and aligns with the Welsh Government’s existing work and policies on regeneration and local economic growth.

    Today’s announcement is in contrast to unfunded pledges from the previous government. The Plan for Neighbourhoods doubles the scope of the types of projects that can benefit and is now fully aligned with the Government’s long-term Plan for Change missions: breaking down barriers to opportunity and kickstarting economic growth. 

    Deputy Prime Minister and Secretary of State for Housing, Communities and Local Government Angela Rayner MP said:     

    For years, too many neighbourhoods have been starved of investment, despite their potential to thrive and grow. Communities across the UK have so much to offer – rich cultural capital, unique heritage but most of all, an understanding of their own neighbourhood. 

    We will do things differently, our fully funded Plan for Neighbourhoods puts local people in the driving seat of their potential, having control of where the Whitehall cash goes – what issues they want to tackle, where they want to regenerate and what growth they want turbocharge.” 

    Minister for Local Growth and Building Safety, Alex Norris MP, said:   

    When our local neighbourhoods thrive, the rest of the country thrives too. That’s why we are empowering communities to take control of their futures and create the regeneration and growth they want to see. 

    Our Plan for Neighbourhoods we will deliver long-term funding that will bolster that inner community spirit in us all and relight the fires in corners of the UK that have for too long been left fighting for survival.  

    “This, along with our ambitious reforms to streamline the planning system, devolve powers and strengthen workers’ rights, will help get places and people thriving once again.”  

    Secretary of State for Wales Jo Stevens MP said: 

    The UK Government’s Plan for Neighbourhoods is fantastic news for Wales, providing £100 million to boost growth by investing in high streets, parks, cultural venues, youth clubs and more. We are working with the Welsh Government to help local people from Rhyl to Merthyr Tydfil transform their communities. 

    Our Plan for Change sets out how we want to the grow the economy, create jobs and put more money in people’s pockets. Targeted local funding is a vital part of our economic growth mission and will support the fantastic work the Welsh Government are already doing to regenerate communities across Wales.” 

    In each area, the government will support the establishment of a new ‘Neighbourhood Board’, bringing together residents, local businesses, and grassroots campaigners to draw up and implement a new vision for their neighbourhood.    

    Each board will decide how to spend up to £20 million of funding and support. The government’s Plan for Neighbourhoods’ ultimate aim is to create thriving places, strengthen communities, and empower local people to take back control in towns across the country.    

    By creating thriving places, strengthening communities, and empowering people to take back control areas can drive forward their priorities and the Government’s long-term Plan for Change missions: breaking down barriers to opportunity and kickstarting economic growth.     

    We will work with the Welsh Government through the normal intergovernmental structures to make boards’ work stronger and more effective by ensuring greater strategic alignment across the priorities of both governments. 

    ENDS

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Child mental health waiting times target met

    Source: Scottish Government

    Minister says progress is “encouraging” and thanks staff for their dedication.

    The national standard on waiting times for children and young people accessing mental health services has been met for the first time.

    Latest Public Health statistics show 90.6% of those who were referred to Child and Adolescent Mental Health Services (CAMHS) were seen within 18 weeks from October to December– the Scottish Government standard is 90%.

    The figure is an increase from 89.1% for the previous quarter and from 83.8% for the same quarter in 2023.

    Mental Wellbeing Minister Maree Todd said:

    “This continued progress is testament to the dedication of the staff who work so hard to help the children and young people they care for.

    “We want everyone to get the support they need, when they need it. Clearly, reaching the national standard is encouraging but I know there is much more to be done if this is to be sustained and consistent across Scotland.

    “However, we are on the right path and the £123 million we have allocated to NHS Boards this year will mean the quality and delivery of all mental health services – including CAMHS – will continue to improve.”

    Background

    Child and Adolescent Mental Health Services (CAMHS) waiting times – Quarter ending December 2024 – Child and Adolescent Mental Health Services (CAMHS) waiting times – Publications – Public Health Scotland

    The national CAMHS standard was set in 2014.

    CAMHS is only the right service for a small proportion of children and young people. To provide an alternative, the Scottish Government has provided targeted investment of over £65 million in community-based mental health support, between 2020 and 2024-25, and £16 million annual spend on school counselling services is in addition to this.

    The National CAMHS specification is clear that children and young people whose referral is not accepted are sensitively and appropriately signposted to a more suitable service, such as those provided within community.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: First of the new Armada Way trees planted

    Source: City of Plymouth

    Steve Hughes, Chief Executive of Plymouth City Centre Company and Cllr Tudor Evans, Leader of the Council

    The first of 169 new trees destined for Armada Way have been planted in the ground as the regeneration continues to progress at pace.

    Three silver limes have been anchored today and six cockspur hawthorns and 10 double crimson hawthorns will be arriving in the next few weeks to be planted between existing single rows of trees on both sides of Zone 1a – near the Copthorne Hotel.

    A second row is being created on each side to create the avenue of trees that will line either side of this important city centre street.

    Tree pits, a metre deep, had already been dug in readiness and ground workers will backfill the planted trees with soil that’s good for tree root growth and topsoil.

    Council leader Tudor Evans OBE said: “We wanted to mark this moment – it is a big deal. “Anyone who has been in the city centre recently will know that the scheme is cracking on at an incredible pace. There’s a lot still to do but this marks the start of the re-greening of Armada Way.”

    City Centre manager Steve Hughes added: “We know that companies are in conversation about sites in the city centre as a direct result of the recently completed work on Old Town Street.

    “We also know that investors are keeping a watching eye on this scheme. We are aware there’s a bit of pain for some traders – but long term there’s a lot to be gained. This project will be transformational.”

    Trees are semi mature on arrival and because of their height, will be put into position by mechanical excavators for planting.

    A bit more about the trees:

    • Silver limes – very suitable for inner city planting near surface infrastructure – 6.5 metres on arrival
    • Cockspur hawthorns – good for urban and coastal planting, tolerant of air pollution and does well in very wet and dry soil. Measuring around 4.5 metres when planted
    • Double crimson hawthorns – resilient and thrive in nearly all locations, a fantastic flower display in May. Measuring five metres when planted.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Public urged to reduce their electrical waste to mark NI Repair Week

    Source: Northern Ireland – City of Derry

    Public urged to reduce their electrical waste to mark NI Repair Week

    4 March 2025

    Derry City and Strabane District Council and Repair and Share Foyle are highlighting ways to repair household electrical items and keep them out of landfill as part of NI Repair Week.

    Events, workshops and tutorials are being hosted across Northern Ireland to celebrate Repair Week from March 3rd to 9th and encourage people to consider repairing their old items and learning the skills needed to do it.

    Locally, a repair cafe will be held this weekend at the Repair and Share Foyle Headquarters in Rathmore Business Park.

    A successful repair café event also took place at the weekend in Strabane’s Fountain Centre.

    Mayor of Derry City and Strabane District Council, Councillor Lilian Seenoi-Barr, urged the public to consider ways they can reduce their own electrical waste.

    “Electrical waste is the fastest growing waste stream in the world,” she noted. “Many household items such as handheld fans, electric toothbrushes, smart phones, TVs and white goods are presenting longevity and repairability challenges.

    “Many of these items can be repaired or used for parts which keeps them in use for longer rather than committing them to landfill.

    “The workshops being hosted locally this week are an opportunity to learn more about safely repairing some of those items which can benefit the environment and your pocket by saving you money on purchasing replacement items.”

    Repair and Share Foyle launched their first repair café in 2022 and are led almost entirely by volunteers.

    They have embraced waste head on by sharing skills and resources in the community, including the North West’s first tools and equipment library the ‘Library of Things’.

    The group accept donations of small working household electricals for their ‘rehome your electricals’ campaign and encourage community groups to sign up as redistribution partners.

    In addition to small household electricals, Repair and Share Foyle’s in-house ‘Laptop Doctors’ have been collecting unwanted laptops from drop-off points across the district.

    The laptops are professionally wiped of data before being given a new lease of life and a new battery or charger.

    Caroline McGuinness-Brooks, Managing Director, explained more about their service: “If you or someone in your community is in need of say a kettle, a lamp, a hoover, your local community organisation can make a request to us for a donation of such an item if we have it in stock,” she said.

    “Anything with a plug, battery, or cable can and should be recycled.

    “Donated items can be dropped off to our workshop at the RathMor Business Park Monday through to Saturday or during Repair Café events.”

    To learn more and stay up to date with Repair and Share Foyle, you can subscribe to their e-newsletter via their website at linktr.ee/repairandsharefoyle

    The Repair Cafe will take place this Saturday March 8th at Repair and Share’s premises in Rathmore from 10.30am to 12.30pm.

    Items that can be fixed include small household electricals, laptops, textiles and leather, toys, sewing machines and small pieces of furniture.

    Unwanted laptops can be dropped off at the Foyle Hospice Furniture Outlet, the Guildhall, Eglinton Community Centre, Waterside Shared Village, Strahans Road Recycling Centre and the Alley Theatre.

    Full details about how NI Repair Week is being marked locally are available at derrystrabane.com/repair.

    MIL OSI United Kingdom

  • MIL-Evening Report: ‘Back off AUKUS’, Greens MP Tuiono warns NZ in wake of Trump row

    Asia Pacific Report

    The Green Party has called on Prime Minister Christopher Luxon to rule out Aotearoa New Zealand joining the AUKUS military technical pact in any capacity following the row over Ukraine in the White House over the weekend.

    President Donald Trump’s “appalling treatment” of his Ukrainian counterpart Volodymyr Zelenskyy was a “clear warning that we must avoid AUKUS at all costs”, said Green Party foreign affairs and Pacific issues spokesperson Teanau Tuiono.

    “Aotearoa must stand on an independent and principled approach to foreign affairs and use that as a platform to promote peace.”

    US President Donald Trump has paused all military aid for Ukraine after the “disastrous” Oval Office meeting with President Zelenskyy in another unpopular foreign affairs move that has been widely condemned by European leaders.

    Oleksandr Merezhko, the chair of Ukraine’s Parliamentary Foreign Affairs Committee, declared that Trump appeared to be trying to push Kyiv to capitulate on Russia’s terms.

    He was quoted as saying that the aid pause was worse than the 1938 Munich Agreement that allowed Nazi Germany to annex part of Czechoslovakia.

    ‘Danger of Trump leadership’
    Tuiono, who is the Green Party’s first tagata moana MP, said: “What we saw in the White House at the weekend laid bare the volatility and danger of the Trump leadership — nothing good can come from deepening our links to this administration.

    “Christopher Luxon should read the room and rule out joining any part of the AUKUS framework.”

    Tuiono said New Zealand should steer clear of AUKUS regardless of who was in the White House “but Trump’s transactional and hyper-aggressive foreign policy makes the case to stay out stronger than ever”.

    “Our country must not join a campaign that is escalating tensions in the Pacific and talking up the prospects of a war which the people of our region firmly oppose.

    “Advocating for, and working towards, peaceful solutions to the world’s conflicts must be an absolute priority for our country,” Tuiono said.

    Five Eyes network ‘out of control’
    Meanwhile, in the 1News weekly television current affairs programme Q&A, former Prime Minister Helen Clark challenged New Zealand’s continued involvement in the Five Eyes intelligence network, describing it as “out of control”.

    Her comments reflected growing concern by traditional allies and partners of the US over President Trump’s handling of long-standing relationships.

    Clark said the Five Eyes had strayed beyond its original brief of being merely a coordinating group for intelligence agencies in the US, Canada, UK, Australia, and New Zealand.

    “There’s been some talk in the media that Trump might want to evict Canada from it . . . Please could we follow?” she said.

    “I mean, really, the problem with Five Eyes now has become a basis for policy positioning on all sorts of things.

    “And to see it now as the basis for joint statements, finance minister meetings, this has got a bit out of control.”

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Interview with Sean Colgan

    Source: NASA

    I’m really pleased that you agreed to take advantage of this opportunity.  I don’t recall if I have actually met you personally,  but if so, then I apologize for not remembering.

    I don’t think so, although you’ve certainly signed things for me.

    Well, I guess I have because I do remember seeing your name from time to time on various things. You’ve been at Ames a long time and we’ll have you talk about that in a little bit. The focus of these interviews is not specifically on your work. In fact, it was intended to broaden people’s understanding of who you are and what you do when you’re not at work, because we get compartmentalized and mostly get to know people through our work interactions, so we’ll be touching on your other interests. As you’ve seen if you’ve read some of these, we generally start with your childhood. I try to look up bios and things like that ahead of time to see what I can glean before these interviews but you don’t have a very substantial presence on the web.

    I’m not a very public person.

    I did find that out (laughs).

    I did not volunteer for these and I tried to lay low until you hunted me down! (laughs)

    Well, I think you’ll be pleased and as I said, you can stay as private as you want during this whole interview.

    Sounds good.

    We like to start with where you were born, your family at the time, what your parents did, if you have siblings, and then we ask when became aware of or developed an interest in what you have pursued as a career.

    OK, and I’m going to be looking sideways at my notes because I printed out your list of questions and thought about them. Hopefully I won’t mess it up too much. I’m a big believer in the written word. I was born in Oakland, just up the Bay.

    So was I, so we have a connection right there!

    Up through my preteen years I grew up split between Oakland and North Lake Tahoe. My dad was a masonry contractor. When school got out in June we would go up to Tahoe where there was lots of work for him, building foundations for homes and so forth. When Christmas break came in school, we came back down to Oakland. We had a home in both places and dad could get work in the winter in the Bay Area. In the middle of every year during my preteen years, I switched between two schools. It was usually a bit of a jolt because the Oakland schools were ahead of the Tahoe schools, so there were a couple weeks of flailing about in January trying to catch up. They all used the same textbooks, but we were a couple of chapters behind at that point and had to catch up.

    When I was 12, Dad had established his business well enough at Tahoe that my parents sold both of the houses, built a somewhat bigger one, and we moved to Tahoe permanently. So from seventh grade through high school it was all at the northern end of Lake Tahoe.

    I have one sibling, a brother.

    And when did I start thinking about becoming an astronomer? I can’t remember exactly, to be perfectly honest. I do remember my parents showing me the constellations. I can remember specifically which constellations my dad showed me and which ones my mom showed me. I can’t remember a time when I wasn’t interested primarily in being an astronomer, but I probably went through an astronaut phase because it was the ‘60’s!  I got an astronomy book for my birthday one year and I know it was before I could really read and understand it. I remember looking at the pictures. In thinking about this interview, I went back and looked.  That book was published when I was five, so probably by the time I was five I was talking about it enough that I got this book for my birthday. I don’t have any similar books on other topics from that time. All the other books I have from back then are astronomy books for kids.

    Well, you were living in Lake Tahoe, which by the elevation and the clarity and lack of ambient lights around you would have had a really good view of the stars and constellations.

    Right. It was great. Although before we moved up there full time we were mostly there in the summer, so it didn’t get dark until after my bedtime.  When we moved up there full time, then I could go out in the winter and yeah, we had a spectacular view of the southern sky. There were woods but we could see over the trees. We could see the center of the Milky Way, and so forth. I had binoculars and a couple of small telescopes that I’d use, along with a star atlas to point me toward interesting things to look at.

    Did you say what your mother did? Did she work outside the home?

    Mom was a writer.  We traveled each year when we were growing up. She would write travelogues of those trips and try to get them published. She also wrote haiku poetry, and she tried her hand at writing other things. She was published a bit, but not a whole lot. Mom did get one of her travelogues published in the Christian Science Monitor. That was a highlight for her.

    And was your brother older or younger?

    My brother is two years younger, and we had somewhat similar trajectories.  We’ll get to education later but he majored in physics as well. He followed me in similar universities, but ended up going into material sciences. He is now on the East Coast working for IBM.

    That’s great.

    He was named a Master Inventor in 2018.

    A what?

    A Master Inventor. He has over 200 patents, so IBM honored him with this title.

    That’s quite an honor!  Your education was interesting because of the split between the two schools.  But then at some point, when you went to college, you had to declare a major. You said you had already developed an interest in astronomy, so did you pursue that science discipline right off the bat?

    I went to UC Riverside for two years, and then I transferred to Caltech. My freshman year  I really nailed down my choice for astronomy. I remember going to the Career Center and taking an interest survey, which has nothing to do with what you’re able to do. It just asks what you’re interested in doing, and it came up as physicist or musician.  I have no musical skills so that pointed me in the other direction. I thought briefly about geology, since my dad had been a geology major, but I really settled on astronomy at that point, which is why I transferred. Riverside didn’t have an astronomy major,  they only had a physics major. I really wanted to get an astronomy background and start on it early.

    My time at Caltech was probably the toughest two years I’ve ever had. I was behind because I had gone to Riverside for two years and the Caltech student body was extremely competitive. Caltech was not generous with their transfer credits. I ended up taking a very heavy course load, but I did make it out in two years. From there I applied to a number of grad schools. I settled on Cornell for a couple reasons: First of all because they had groups working in the areas  of astronomy I thought I was interested in, which were radio and infrared. Second of all, after four years in southern California I really wanted to go to a more rural setting to continue my education.

    I have to ask this because when we’ve interviewed others who have gone to Cornell, most of them have mentioned the influence of Carl Sagan and I just wondered if that figured into your choice, or was he gone by the time you went there?

    Well, I  did meet Carl, at a second year reception he threw for the grad students.  He was gone most of my first year working on Cosmos the television show. He had taken a leave of absence and wasn’t around. When he came back he threw a reception for all of us, and I got to shake his hand. He was a planetary scientist, of course, and that was not where I was aiming my trajectory.  I didn’t see him a whole lot other than that one reception. Although from time to time the kind of people you really don’t want wandering around the halls would come around the building looking for Carl Sagan. Security would chase them down and get them out. These are really my most distinct memories of Carl.

    And your PhD was in astronomy, not physics?

    It was in astronomy and my dissertation was on radio astronomy. I did it almost exclusively at Arecibo (Arecibo Observatory, National Astronomy and Ionosphere Center, Arecibo, Puerto Rico) with a little bit at the VLA (Very Large Array Radio Telescope facility, near Socorro, New Mexico). I got to work with some really smart people at Cornell, observational and theoretical.

    At this point we usually inquire about the connection or the influence, that brought you from your PhD to NASA Ames.

    My degree was in radio astronomy but the other interest I always had along the way, which I hadn’t been able to look into, was infrared astronomy. Getting post docs is very competitive, back then we called them NRC’s. The NRC offer from Ed Erickson’s group at Ames was the best offer, so I came out for that. It wasn’t a sure thing, there was back and forth and the highest rated candidate had to turn down the job before they would make me an offer.  But fortunately for me the highest rated candidate was my office mate at Cornell. I knew he was going to turn down the offer as soon as he got another one he wanted, so I was aware a little bit in advance of getting the call from Ed that things had worked out.

    And Ed was your advisor?

    Ed was my advisor. So I came and did two years as an NRC and then continued working with the group. I had made myself sufficiently useful that when I was ready to apply for other jobs, Ed offered me a raise if I’d stay with the group and continue working. That was a really good time. We flew on the KAO (Kuiper Airborne Observatory). They didn’t really have facility instruments, so we had our own instrument, but we did support observers from outside our group. We probably had more flights than any other instrument on the KAO during that period. It was a lot of flights. We had to operate it ourselves. All of us had our own particular jobs on flights. We did everything from prepping for the observations, writing proposals, all the way through to seeing them published. We were a small team: Ed Erickson, Mike Haas; Jan Simpson, and Bob Rubin on the science side helped out. We had a shop guy, Gene Beckstrom, and others after him.  We had a lab technician, Jim Baltz. Dave Hollenbach would also work with us, and that was very rewarding. He was a very sharp guy in terms of theory, ideas and projects to do. Here is a photo of some of us with our instrument rack getting ready for a KAO flight:

    So you came in on an NRC postdoctoral fellowship in the mid-‘80’s?

    Yes, I started on October 6th, 1986.

    And your first work was on the KAO and then probably a decade later you continued on SOFIA (Stratospheric Observatory for Infrared Astronomy)?

    It was ‘95 or ‘96 when they shut down the KAO to use the funding for SOFIA development. I remember the meeting still. It was in the upstairs auditorium and they came in and announced they were shutting the KAO down. I think it was Dave Morrison, who was the division chief, who told us not to whine about shutting it down because planetary missions sometimes had years when they didn’t have their facilities. In this case it was only going to be two years and we would be up and flying in 1997. Of course, as we know, it was more like ten years after that before we were even close to flying.

    Yes, I thought the same thing, that it was not going to be two years. It always takes longer than that.

    Well, I don’t think anybody thought it was going to be as many years as it was.

    But you flew on both the KAO and SOFIA?

    I had ninety nine flights on the Kuiper (KAO) because I kept track of them, and on SOFIA I had two flights, so I was not a flyer on SOFIA. It was more of a facility observatory, and the people who flew a lot were really part of the observatory. They were operating the telescope or operating a science instrument. My flights on SOFIA were because I had written some software for the GREAT Instrument (German Receiver for Astronomy at Terahertz Frequencies, a modular dual-color heterodyne instrument for high-resolution far-infrared spectroscopy) to help them interface with SOFIA. I was along on  those commissioning flights for GREAT in case my software broke. They wanted me on board. Interestingly by the rules at the time, I wouldn’t be allowed to actually fix the software in flight because it was flight software and had to go through all the reviews. None of the people who could do the reviews were on the airplane, but I could see how it broke and maybe I could suggest workarounds. It was not nearly as much fun for me as the KAO. I didn’t really have a job. The software had issues from time to time, but it basically worked. Everybody else had jobs, so for me it was less interesting, which is why I didn’t make a huge effort to keep flying on SOFIA.

    Did you stay on the SOFIA project as a somewhat non flying support person?

    Yes, from when the Kuiper stopped flying until about, well now, my primary work on SOFIA has been first with the project science team during development – trying to make sure they met our requirements, helping everybody understand our requirements, trying to make sure they weren’t making any huge mistakes. They made them anyway, especially when they didn’t listen to us, but we did our best. During the early years of SOFIA, I was also on the Ames team developing AIRES – a facility Science Instrument for SOFIA. I led the software effort, but the development was canceled in 2001. I then got involved with the software that people would use to propose to SOFIA, the proposal software, the software to estimate how long you should be asking for time, the sensitivity of the instruments, pieces of software like that. I worked with Dave Goorvich. We got software from other observatories as starting points and then modified them for SOFIA, software “re-use” they called it. And that was basically my main job throughout SOFIA’s lifetime. Once we developed those, the USRA (Universities Space Research Association) folks built their team around maintaining them and I joined that team because I’d been working on this software for so long. I also got into the package I mentioned to help GREAT interface to SOFIA. It basically made SOFIA look like the telescope that the GREAT team had been using for years, an observatory called KOSMA. We called it the translator and it translated KOSMA commands into SOFIA commands; then SOFIA housekeeping back into KOSMA housekeeping, so they didn’t need to change their software to work with SOFIA. As the aircraft started flying, it became quite clear that I was oversubscribed. I was not meeting my deadlines for either of those two efforts, so I gave up the translator. They hired another fellow to maintain that, although I stayed in touch with it for some years, helping him when he had questions and so forth. I then focused my main effort over on SOFIA’s DCS (Data Cycle System) side.              

    What has been your most interesting work here at Ames?

    I’d say it was flying on the KAO, but very specifically it was Supernova 1987A which occurred after I had been here for only a couple of months. It went off in February of 1987. Nobody really knew what it would look like in the infrared to an instrument on an observatory like the KAO, so it was obviously a huge deal since it was the closest supernova for hundreds of years.  Our team just completely redirected  to carry out observations of the supernova.  Dave Hollenbach and I worked together to try and figure out what we would see. We wrote up the science portion of the proposal,. For these observations, our instrument – the CGS (Cooled-Grating-Spectrometer) – had to be fairly substantially reworked in the sense that the grating needed to be changed to go to lower resolution and the detectors needed to be changed to get wider bandwidth and go to shorter wavelengths. Ed and Mike worked long days, weeks, and months to make all of those changes happen. In our proposal we made some predictions about which lines we could see, mostly iron lines, and which ionization states. We put that in the proposal, which was accepted. We then wrote up the proposal as a separate paper. When we went down and did the observations, we actually got some of it right. Surprisingly, iron was indeed bright. We thought we’d be seeing all different ionized states of iron, from singly, doubly, triply ionized iron, when in fact it was very much concentrated in singly ionized iron with a little bit of doubly ionized iron, there was a faint line there. We had gotten the temperatures right, but we didn’t quite get the ionization right. We were in the ballpark, so I think this was really the most interesting work in that when we started nobody had really seen anything like it before. We were starting from very basic principles, and we followed that all the way through to a nice series of papers. We went down for three different epochs because the lines were changing with time as the supernova ejecta expanded. We obtained three sets of measurements, which resulted in three papers.

    What I’m currently working on? Well, SOFIA is, of course, shut down and I am working as part of the shutdown process. We’re trying to reprocess a lot of the data to bring it up to standard, especially the older data. We learned more about the instruments as time went on, so we can now do a better job of reducing the data. I’m helping out with reducing the data, getting it into the archive as we shut down, and of course, writing proposals.

    What comes next? So far I’ve collaborated mainly with Naseem, whom you have spoken to, Sarah Nickerson, whom you also have spoken to, and Doug Hoffman (whom we’ve also spoken to). So that’s proposals.

    How is your work relevant to Ames and the NASA mission? 

    Well, I’ve worked on NASA missions almost my entire career, so I think that’s the closest to relevance as you can get.

    What is a typical day like for you?

    I mostly work, well before the pandemic in my office, but now it’s back and forth. I do like to come into the office although this week is a little different. That’s why we’re doing this interview from home. My wife is out of town and I like to work at home on those weeks just to keep the dog out of trouble. So I’m at a computer. I’m a software guy and a data analysis guy, not a lab guy, so I work at the computer. I actually have several computers on my desk. I look like a real developer (laughs). If you see my desk, I’ve got a couple of big screens and couple of computers underneath hooked up to different things and I can switch them around. So that’s a typical day, but at home it’s a little tougher. I don’t have a desk that can really manage the big screens, so I’ve just got one little laptop screen to work with.

    Is home close enough that the pandemic shut down of the Center didn’t really save you a whole lot of commute time?

    I live across the Bay in Newark, which physically is not far, but traffic wise is not good. I typically come in later and stay later because that works with my wife’s schedule and also works with the traffic. We’re not so close that it’s easy. I hated during the pandemic having to work at home all the time because of the small screen and with no room to spread out piles of paper or stay organized. That was definitely a challenge. I was very glad to get back on site.

    What do you like most and least about your job?

    Most would be doing science, but I also enjoy coding. Least is probably the standard sorts of things that most people whine about when given any opportunity.  All the stuff that goes with the job that isn’t science or coding, like IT security and paperwork. Right now I’m in the midst of training, taking courses I’ve taken every year for the last ten years, which gets a little old after a while, things like that. But somebody thinks you need to do it, and I hope it makes us a better organization for everybody doing it.

    Do you have a favorite memory from your career? Or perhaps a research finding or breakthrough, or an unexpected research result?

    My favorite memory would be the Supernova 1987A work in general. We found some unexpected things there and we got some things right.

    If you could have a dream job, what would it be?

    My dream job is pretty close to what I have. Pretty close without all the extra stuff.

    What advice would you give to someone who wants a career like yours?

    Of course you’ve got to work hard, and you need to have an aptitude for it. It’s a very competitive field, so you’ve also got to realize that luck, or being in the right place at the right time, can be a factor in whether you continue or not.  I’ve had colleagues who were very good at what they do, but they just weren’t in the right place at the right time. They ended up leaving the field or doing something less than what they hoped. Some things are just out of your control.

    I did get lucky. I was in the right place at the right time. I flew on the Kuiper, and I developed skills. When SOFIA started, those skills were very much in demand.  That was my right place, right time moment, which is when I joined the civil service.  I had been a contractor  after my NRC ended through 1997. I became a civil servant then because there was so much work on SOFIA. I don’t know if that’s  helpful advice, but it’s just my take on things.

    Well, you’re right. There’s something to being in the right place, at the right time and being prepared, but there’s always the serendipity aspect, which is just part of life. You could have wound up somewhere else and been just as happy, you know.

    Oh yes, It doesn’t necessarily relate to happiness, but you’ve got to make the best with what you have.  I do feel lucky about that.

    Would you like to share anything about your family? Kids, pets, activities? You mentioned a dog?

    I’m going to mix the order up a little bit.

    Sure, go ahead.

    The accomplishment I’m most proud of that’s not science related would be 40 years of marriage to my fabulous wife. We just celebrated our 40th anniversary about a week and a half ago.

    Congratulations! That is indeed an accomplishment.

    So, no children but we do have a dog, a little Welsh Corgi. She’s our second corgi and she is just great. We do enjoy traveling. Typically, we’ll go on vacation in August. often to Europe. We’ve visited the UK five or six times, France a couple of times, Italy a couple of times. My father-in-law was born in Hungary, so we’ve gone there a couple times. Here is a photo of us at Lake Louise in 2019, with our Corgi.

    What do we do for fun the rest of the time? Besides leisure travel, I enjoy gardening. We also enjoy musical events.  We have season tickets to the San Jose Opera, for example, and we’ll go up to San Francisco for concerts a couple of times a year. We probably have an event every other month.  During the pandemic, the restaurants and movie theaters were closed, but wineries with outdoor spaces were open.  They started serving food during the pandemic, and they allowed dogs, so we got in the habit of doing a lot of wine tasting on weekends just to get out. We still do some of that. To celebrate our 40th, we went up to Napa and tasted a lot of great wines. (laughs)

    You mentioned that you’re not particularly musical, so you don’t play an instrument or anything, but you enjoy music and opera.

    I enjoy listening to music. I played instruments as a child but had no particular talent for it, so. . . .

    Do you like to read? And if so, any particular genre?

    I read a fair bit, and it’s sort of divided. For entertainment, I’ll read fantasy and science fiction, but when we go on our trips, I’m always buying books about what we’re doing. For example, if we go to France and visit cathedrals, I’ll buy books about how they built cathedrals; or in England I’ll read about old Stone Age tombs. Everybody’s heard about Stonehenge, but there are stone circles and other stacks of stones, big ones, all over the landscape, so I will buy books and read about them. I have books about Roman battle tactics, etc. Oh yes, and I also have a lot of geology books, depending on where we go. When we went to the Canadian Rockies, I got a lot of geology books about that locale. I bring those home, stack them up, and read them, hopefully before the next trip. So yes, a lot of reading. When my wife travels, sometimes I’ll go hiking. She’s gone up to 15-20 weekends a year  She’s a textile artist.She teaches lacemaking, which is the way they used to make lace by hand, before machines. There are groups around the country that enjoy lacemaking, so she travels to  teach workshops for them on weekends.

    Wow, that’s fascinating!

    This week, she’s actually up in Sparks, next to Reno, where the National Convention is going on. It moves around every year, but this year it’s relatively close. She travels a lot for that, which keeps her busy. When she’s away, our dog and I will sometimes go for hikes, if we don’t have too much other stuff to do. Interestingly,  we are not the only astronomer-lacemaker couple in the world (laughs). There’s an Australian couple – Ron and Jay Ekers – with Jay a lacemaker and Ron an astronomer. We had dinner with them once when they were visiting in the Bay Area because our wives knew each other. My wife had once traveled down to teach in Australia. Normally she just travels around the U.S., but she has done some international trips.

    Now, is this manual lacemaking with needles and thread or . . . ?

    There can be needles and thread. That’s one form of it. What my wife teaches is “bobbin lace”, which is made on a pillow usually stuffed with straw. Two bobbins are connected by a thread with many of these pairs used to weave threads together to create the pattern. Photos of Louise’s designs are on her website – https://colganlacestudio.com/. Here’s a photo of what a lace pillow looks like.

    Interesting. And when did she get interested in this? Was it something she learned as a child, from her mother or grandmother?

    No, it was at Cornell. She was in grad school there, which is where we met.

    And what was her course of study?

    She was in a Master’s program for historic preservation, basically how to preserve old buildings, of which there are many in upstate New York and few in the Bay Area. She had finished her class work, and I still had several years to go on my dissertation. She looked around for something to fill her time, and one of her friends – a colleague in her department – had already taken this up, and brought her to a meeting. She started taking classes from a local teacher, and by the time we moved west, she was well-versed. Not many people out here knew how to do it, so she started taking on students.

    So I’m calculating back, since I’m a numbers guy, that if you just celebrated your 40th anniversary, then you must have married her while you were still in grad school?

    Yes, about halfway through grad school, in 1983.

    Interesting. So you’re a little bit responsible for her developing this interest in lacemaking?

    I wouldn’t claim any of that.

    But you’re responsible for giving her the time to develop this interest in lacemaking that she has done so well in.

    It was all her effort. If anything, I made conditions difficult for her, and she found her way out (laughs). That’s probably the way I would phrase it.

    Fair enough. But it’s very interesting. I like when we can poke around a little bit and find out interesting things, because then people who read this will say, “Well, I didn’t know that he went there or that his wife does lacemaking or the other things that you’ve talked about. That’s part of the purpose of these interviews.  Who or what inspires you?

    That was a real easy one for me: the night sky.  It’s not so great in the Bay Area most times, but there’s so much going on up there. I mean, it’s really all laid out for you. Since I studied and read about  a lot about the sky as a kid, I know my way around it. a I also know fun little facts, so that’s entertaining to recall as well. When you get up in the mountains, of course it’s just beautiful.

    I feel the same way. I don’t see how anyone can look up at and ponder the night sky and not be just fascinated by it. The questions that come up about what it is, how it came to be, what its purpose is, if there is one, and all of that is just fascinating.

    Yes, I agree.

    Do you have a favorite image, of space or anything that is particularly meaningful to you?

    You know I don’t have one now. I mean, there are a lot of very nice ones out there. A big favorite I remember as a kid was a photo of H and Chi Persei, which is a double cluster of stars, not globular clusters but open clusters. It’s very colorful, with red stars and white stars and blue stars in the image – and just imagining it so far away, but these particular stars are so close together. I don’t know much about it, but something about it just impressed me. A photo like what I remember is at https://www.astrobin.com/337742/.

    The reason we ask about images is because we like to include them in the post, especially about things you’ve talked about.  You mentioned for example, the Supernova 1987A. If a picture from SOFIA came out of that it would be a great addition to this interview. And then maybe you have a picture of you and the corgi on a hike, or your wife doing lace work, anything like that would be great.

    Well, we’ll work on that.

    [Photo thoughts: The three of us from Lake Louise, link to H & Chi Persei photo on the web, Lace Pillow showing bobbins]

    That would be for when you return it after editing.  By the way the transcript is a living document so you can make changes right on it and that’s how it will go in. It isn’t all that formal, we’re not tracking edits or anything like that. We’ll add your pictures and get to a point where it’s set up as it would be when it gets posted and then we’ll send it to you for a final check.  We’re also several months out in terms of the queue of those that are going to be posted, so it won’t be immediate.

    Good.

    We’ve posted about 50 of these, but we’ve done another 20 that are in various stages of being made ready. We’ve sent them out but haven’t gotten them back yet because everybody’s so busy.  We do have a last question and that is do you have a favorite quote? One that you find meaningful, or witty, or clever, that kind of thing?

    I did think about it. Sometimes you asked the question in the online ones about inspirational quotes and this is definitely not inspirational.

    It doesn’t have to be.

    I was hoping that because you didn’t say it here. My favorite quote is one my mom said a lot when I was growing up. She always attributed it to her father. I actually looked it up on the web, because I would have thought Mark Twain perhaps said it. It doesn’t seem that anybody famous has said it though. The reference is in a book from just ten years ago. The quote is: “The reward for good work is more work.”

    Ah, I like that. That’s clever and witty and seems to be true.

    Right.

    One of my favorite quotes which I don’t think I put into my post because there’s so many of them is from Mike Griffin, former NASA Administrator. He was talking with the press, I think about risk management and why we do things that don’t always work out. He was explaining that there’s always a risk, and if you don’t accept the risk, then you don’t make progress, but they kept questioning him and pushing back on that idea. And he said, “I can explain it to you, but I can’t understand it for you.”  And I thought, that’s a good line!

    Anyway, you ran the table here on the questions and I appreciate that you prepared ahead of time and wrote some notes down, which made the interview go very well.

    As I said, I prefer the written word. I’m not as good at thinking on my feet.

    Is there something that you wish we had asked or had put down as a topic that we didn’t, that you would like to add here? And you can certainly add or change anything when we send this back. There’s a note on the transcript that you have full creative control. So if you wanted to say something but didn’t, you can type in an entire extra paragraph or extra question, or remove and cut out an entire section.

    And  with that, I’ll take the recording and start putting it on a paper and within a couple of weeks, I’ll send you the initial draft and then you can do with it as you wish and send any pictures or anything that relate to things that you talked about and then we’ll get it ready and put it in the queue and eventually you’ll get perhaps a few of your entitled 15 minutes of fame when this goes up. I will add that it goes up on the public side of the of the website so that your family or your friends, anybody can access it and read it.

    So if somebody googles names of interviews you’ve done, the links to the interviews come up.

    Well, I hope that doesn’t cause you heartburn.

    I’ve thought about that as I was phrasing my answers, and changed some passwords so I can include names in the photo captions

    I hadn’t thought of that aspect of it, but you’re probably right.

    Yeah.

    I never know what’s going to touch someone’s concerns.

    Well, just to be careful.

    (Mark) There’s another thing that even after we publish, we can still edit them years into the future. Everything on the main sites can be changed at any given moment. Also, Fred, just to note, our interviews rank pretty high on the Google rankings. Usually when you Google someone’s name and then NASA, our interviews are near the top of their results, like on the first screen that comes up.

    (Fred) Oh, really? I didn’t know that.

    (Mark) Yeah. This is a pretty good series, people check it out a lot.

    Which means that people googling names are clicking on the interviews and reading them.
    (Mark) People read these a lot.

    (Fred) The other series I do for the website is “Interesting Fact of the Month”.  Steve Howell suggested that would be a nice addition as we try to attract traffic to the website, and I heard a year or so ago that it was the top item on the code ST website, it got the most hits.

    (Mark) Yes, you’ve got spots one and two on your side projects!

    (Fred) Well, Sean, I appreciate that you were able to overcome your initial hesitation and take the time to work with us on this and I think you’ll be pleased with how it comes out. Thank you very much for being so organized.

    Thank you for your time.

    Interview conducted by Fred Van Wert and Mark Vorobets on June 29, 2023

    MIL OSI USA News

  • MIL-OSI Economics: Alberto Naudon: Opening remarks – 4th Workshop on Data Science in Central Banking

    Source: Bank for International Settlements

    Good morning, distinguished guests, colleagues, and friends,

    It is my great pleasure to welcome you all to the 4th Workshop on Data Science in Central Banking organized by the BIS Irving Fisher Committee on Central Bank Statistics (IFC) and hosted by the Bank of Italy.

    As we gather today, we are reminded of the rapid advancements in data science and its profound impact on central banking. Indeed, the sheer volume and complexity of financial data now available call for more sophisticated techniques for data management and analysis. This trend is reinforced by the new opportunities opened up by artificial intelligence and machine learning. This workshop is a testimony to our collective commitment to harnessing innovation to enhance central bank’ operations, policy-making, and overall effectiveness.

    As emphasized in the last 2024 IFC’s Annual Report just endorsed by the BIS All Governors a few weeks ago, the current focus on data science and AI supports the broader objective of improving statistical methods and fostering innovation in central banks. This IFC report underscores that leveraging new technologies can be instrumental to enhance data quality, improve analytical capabilities, and support evidence-based policymaking. The Report also calls for reviewing the related ongoing initiatives pursued by central banks and for providing a platform for sharing knowledge and best practices.

    Let me recall that the three previous IFC data science workshops have been dealing with, respectively, (1) machine learning applications; (2) applications and tools in data science; and (3) data access and sharing. This time we will over the next three days delve into the various aspects related to the use of generative AI in central bank activities. We will hear from esteemed experts and practitioners who will share their insights and experiences, providing us with valuable knowledge and practical tools to navigate the evolving landscape of data science.

    I would like first to extend a special welcome to our keynote speaker, Julien Simon, Chief Evangelist at Arcee.ai, who will be discussing the tailoring of small language models for enterprise use cases. His expertise and vision will undoubtedly set the tone for our discussions.

    Then the sessions of the workshop will cover various critical areas, such as natural language processing tools, AI for summarization and information extraction, supervisory technology, text analysis for market monitoring and monetary policy purposes, and data privacy and anonymization.

    Let me share with you a few thoughts on these issues:

    First, the new techniques we will discuss are not only very timely, but they are also essential to leverage data science to address the complex challenges we face in modern central banking. In particular, the integration of generative AI and advanced data analytics into central banks’ operations can significantly enhance their ability to make informed decisions, assess economic trends, and work to promote monetary and financial stability. More generally, IT innovation provides brand new perspectives. For instance, open-source software offer numerous benefits supporting official statistics and data analysis, including cost savings, flexibility, and the ability to customize solutions to meet specific needs. Another example is that modern data management approaches such as data lakes and data meshes architectures allow for new ways to store, organize, and access data. This calls for careful planning and for not blindly following the crowd and fashionable buzz words.
    The main goal is to concretely help central banks to more effectively leverage their information assets, improve the integration and quality of their data, and support more sophisticated analytical techniques.

    Second, your presence here today, coming from various jurisdictions all over the world and representing central banks, other public authorities, international organizations, academia and the private sector, underlines the importance of the goal of this workshop, which is to showcase concrete projects, share experiences, develop in-house knowledge and also reduce reliance on external service providers.

    Third, central banks, as producers of official data, have a key role to play to promote the access and dissemination of credible information to various external stakeholders, including other domestic authorities, international institutions, academia, and the general public. But better data is also key for supporting real-time, evidence-based policymaking in central banks, which increasingly rely on trustworthy data and sophisticated analytical and forecasting capacities to support their decisions.

    Fourth, the relevance of artificial intelligence for central banks cannot be overstated, as it offers immense opportunities to enhance productivity, improve decision-making, and foster innovation. In particular, Generative AI has the potential to revolutionize data analysis and interpretation, offering deeper insights and more accurate predictions. For instance, the use of large language models can significantly enhance our ability to process and understand vast amounts of unstructured data, ranging from economic reports to news articles, thereby enabling us to make more informed policy decisions especially in the areas of monetary policy, financial stability, and regulatory oversight.

    However, and this is my fifth point, GenAI also presents significant challenges and risks. Central banks must navigate issues such as data privacy, security, and ethical considerations. The potential for systemic risks, such as homogenization of information and procyclicality, requires careful management. As central banks increasingly rely on data-driven approaches, it is essential to ensure that sensitive information is protected, and that data is used ethically and responsibly.

    And my last point is that addressing these challenges calls for developing robust governance frameworks. This is key so that we can harness the power of AI while mitigating its risks, ensuring that our financial systems remain stable and resilient. At the same time investing in advanced IT infrastructure and fostering collaboration and coordination as we do today can help to stay abreast of emerging threats and implement best practices.

    To conclude, this workshop aims to gather a diverse audience of practitioners, specialists, and interested stakeholders from central banks, international organizations, national statistical offices, and beyond. Our primary objective is to highlight ongoing projects and exchange experiences that can help foster in-house expertise and lessen reliance on external service providers. For instance, a number of projects that will be presented in the next few days have replicable codes developed with open-source software and can be usefully shared among all interested stakeholders. Moreover, the presentations will enhance our understanding of the opportunities and risks associated with new Generative AI technologies. This is key for central banks willing to navigate the evolving financial landscape and ensure that they are well-positioned to meet future challenges.

    I therefore encourage you all to actively participate in the sessions, engage with the speakers, and share your own experiences and perspectives. It is through this collaborative spirit that we can truly advance our understanding and application of data science in our field. Before closing, I would like to thank the organizers, speakers, and all participants for your dedication and contributions to this workshop. I am confident that our time together will be both enlightening and inspiring, and I look forward to the fruitful discussions and innovative ideas that will emerge.

    Thank you, and welcome once again to the 4th Workshop on Data Science in Central Banking.

    MIL OSI Economics

  • MIL-OSI Economics: Thales reports its 2024 full-year results

    Source: Thales Group

    Headline: Thales reports its 2024 full-year results

    • Order intake: €25.3 billion, up 9% (+6% on an organic basis1)
    • Sales: €20.6 billion, up 11.7% (+8.3% on an organic basis)
    • Adjusted EBIT2: €2,419 million, up 13.4% (+5.7% on an organic basis)
    • Adjusted net income, Group share2: €1,900 million, up 7%
    • Consolidated net income, Group share: €1,420 million, up sharply by 39%
    • Free operating cash flow from continuing operations 2,3: €2,142 million, up 9%
    • Free operating cash flow2: €2,027 million, stable against 2023
    • Dividend4of €3.70 per share, representing 40% of Adjusted net income, Group share
    • Non-financial performance: steady progress towards medium to long-term targets
    • 2025 objectives:
      • Book-to-bill5above 1
      • Organic sales growth of between +5% and +6%, corresponding to sales between €21.7 billion and €21.9 billion
      • Adjusted EBIT margin between 12.2% and 12.4%

    Thales’s Board of Directors (Euronext Paris: HO) met on March 3, 2025 to review the 2024 financial statements6.

    “2024 was once again a year of strong profitable growth for Thales.

    ​Thales, a world leader in advanced technologies in Defence, Aerospace, Cybersecurity and Digital, maintained excellent sales momentum throughout the year, achieving a record order intake of more than €25 billion. The record order book provides unprecedented visibility for all our activities.
    ​Sales exceeded the €20 billion mark with organic growth of 8.3%, above expectations. Defence activities, underpinned by an ongoing increase in the Group’s production capacity, the technological excellence of our products and the commitment from all our colleagues, contributed in particular to this performance.
    ​Thales also demonstrated once again its ability to generate profitable growth, with an increase in EBIT in absolute terms and as a percentage, reflecting the strength of its operating leverage.
    ​Thanks to its unique business model based on world-class products, systems and services, Thales generated free operating cash flow of more than €2 billion.
    ​Non-financial performance was also remarkable in 2024. The validity of our CSR strategy was acknowledged as Thales joined the CAC 40 ESG index in 2024.
    ​This historic performance is the result of the unfailing commitment of our 83,000 employees, and I would like to thank them sincerely for their dedication to our clients.

    ​We are starting 2025 with confidence and determination and a positive outlook for the vast majority of our activities. Thales presented its new strategic roadmap in November 2024. By drawing on its unique leadership positions serving growing markets and its ability to innovate and anticipate technological breakthroughs, the Group affirms its ambition to deliver accelerated, profitable and sustainable growth over the coming years, starting in 2025.”

    Patrice Caine, Chairman & Chief Executive Officer

    Key figures

    Order intake for the 2024 financial year increased by 9% compared with 2023 at €25,289 million and by +6% on an organic basis (i.e. at constant scope and exchange rates). Commercial performance was once again supported by strong demand in the Defence segment and by continued sustained momentum in the Aerospace segment. As at 31 December 2024, the consolidated order book amounted to nearly €51 billion, a record level, up by nearly €5.4 billion compared with the end of 2023.

    Sales totaled €20,577 million, up 11.7% from 2023 (+8.3% in organic growth). This robust growth reflects in particular the solid performance of the Defence business throughout the year.

    Adjusted EBIT7 stood at €2,419 million in 2024 (11.8% of sales), compared with €2,132 million (11.6% of sales) in 2023, an increase of 13.4% (+5.7% organic change).

    At €1,900 million, Adjusted net income, Group share7 was up +7% compared to 2023.

    Consolidated net income, Group share, stood at €1,420 million, up sharply by +39% from 2023. This increase can be explained notably by the recognition in 2023 of a non-current and non-recurring expense linked to the implementation of insurance coverage for the Group’s commitments under the Thales UK Pension Scheme. These commitments were transferred to Rothesay at the end of 2023.

    Free operating cash flow from continuing operations7,9 amounted to €2,142 million, compared with €1,968 million in 2023. Including the contribution of discontinued operations, free operating cash flow7 amounted to €2,027 million, compared with €2,026 million in 2023.
    ​Calculated on the basis of the scope of continuing operations, the cash conversion ratio of Adjusted net income, Group share, into operating free cash flow was 114%. This once again exceptional performance, which saw the cash conversion ratio exceed 100% for the fifth consecutive year, reflects the excellent momentum of new orders, the phasing effects on cash inflows related to contracts’ execution and the continued Group’s mobilization of its CA$H! plan aimed at optimizing this conversion ratio.

    In this context, the Board of Directors decided to propose the payment of a dividend of €3.70 per share, corresponding to a payout ratio of 40% of the Adjusted net income, Group share. An interim dividend of €0.85 per share was paid on December 5, 2024. The balance of €2.85 will be paid on May 22, 2025.

    Order intake

    Order intake for the 2024 financial year totaled €25,289 million, up 9% from 2023 in total change and up +6% at constant scope and exchange rates11. For the fourth consecutive year, the order intake was more than 20% higher than sales (book-to-bill). Thebook-to-bill ratio was 1.23, flat against 2023, and 1.28 excluding the Cyber & Digital business, where the order intake is structurally very close to sales.

    In 2024, Thales signed 35 large orders with a unit value of over €100 million, representing a total of €8,674 million:

    • Four large orders booked in Q1 2024:
      • The entry into force of the third phase of the order placed by Indonesia in 2022 for the purchase of 42 Rafale aircraft (18 aircraft and support services);
      • Phased contract with the French Defence Procurement Agency (DGA) to develop the next generation of sonars to equip French nuclear-powered ballistic-missile submarines (SSBN);
      • Order of an aerial surveillance system for a military customer in the Middle East;
      • Second tranche of the contract signed in 2023 between France and Italy for the production of 400 ASTER B1NT ground-to-air missiles.
    • Eight large orders booked in Q2 2024:
      • Order for a next generation cloud native “FLYTEDGE” InFlight Entertainment System for a major worldwide airline;
      • Order by SKY Perfect JSAT to Thales Alenia Space of JSAT-31, a new generation of satellite reconfigurable in orbit using Space INSPIRE technology;
      • Exomars 2028, a contract signed between industrial prime contractor Thales Alenia Space and the European Space Agency (ESA) to relaunch the European space mission dedicated to the exploration of the Red Planet;
      • Order of two new F126 frigates by the German Navy. This additional contract brings the number of F126 frigates acquired by the German Navy to six in the past four years;
      • Order by the Dutch Ministry of Defence of seven additional Ground Master 200 multi-mission compact radars;
      • Service contract for the maintenance of the Royal Australian Navy fleet;
      • Order by an Asian customer of latest-generation Ground Master 400 Alpha long-range air surveillance radars;
      • Order by France’s Joint Munitions Command (SiMu) of tens of thousands of 120mm rifled ammunition.
    • Seven major orders recorded in Q3 2024:
      • Notification by the DGA of the second tranche of the development of the future RBE2 XG radar for the Rafale F5;
      • Order for the supply of anti-submarine warfare systems for the first phase of the construction of six HUNTER-class frigates for the Royal Australian Navy;
      • Order for the renovation of an air traffic management system;
      • Order from the UK Ministry of Defence for the supply of Lightweight Multi-role Missiles (LMM) to strengthen Ukraine’s air defence capabilities;
      • Order of LMM for the British armed forces;
      • Order for the supply of Ground Fire multifunction radar and engagement modules following France’s acquisition of seven SAMP/T NG air defence systems;
      • Order for the supply of communications, vetronics, navigation and optronics equipment for vehicles in the French Army’s SCORPION program.
    • Sixteen large orders booked in Q4 2024:
      • Order for the supply of a satellite for the European Space Agency’s EnVision scientific mission to understand the planet Venus;
      • Contract amendment signed with OHB System for the payload of the third satellite of the European CO2M mission focused on CO2 emissions generated by human activity;
      • Amendment to the contract with the European Space Agency for the development of the ESPRIT communications and refueling module for the future lunar space station, Gateway;
      • Order for the development of the world’s first quantum key distribution (QKD) system from geostationary orbit, in collaboration with Hispasat;
      • Contract with the Mohammed Bin Rashid Space Centre to develop the Emirates Airlock Module on board the future lunar space station Gateway;
      • Entry into force of the contract for the supply of 12 Rafale to Serbia;
      • Order from Naval Group for the supply of equipment for the submarine delivery contract in the Netherlands;
      • Order under the AJISS contract to provide In-Service Support to Royal Canadian Navy ships;
      • Order for the development and production of 430 new-generation MICA-NG interception, combat and self-defence missile seekers;
      • Order from the UK Ministry of Defence for the development and preparation of large-scale production of STARStreak HVMs (High Velocity Missiles) for the armed forces;
      • Order from the French Air Navigation Services Directorate (DSNA) aimed at improving the 4-Flight air traffic management system;
      • Amendment to the CONTACT contract with the DGA providing the armed forces with a range of software-defined radios designed for collaborative combat;
      • Order from the UK Ministry of Defence to ensure the permanence and maneuverability of the Royal Navy’s operational communications;
      • Order from the DGA as part of the SYRACUSE IV program to equip the French army’s SCORPION vehicles with Thales’ secure satellite communications solution;
      • Order from the DGA for the design, delivery and maintenance of a resilient communication system;
      • Order from the DGA to produce an encryption key management and distribution system and key injector for the Ministry of the Armed Forces.

    With a total amount of €16,615 million, order intake with a unit value of less than €100 million continued to record favorable momentum.

    Geographically12, order intake in mature markets amounted to €19,010 million, very close to that recorded in 2023, which though included the £1.8 billion MSET contract in the United Kingdom. Sales momentum elsewhere was also solid, particularly in the rest of Europe (up by 16% on an organic basis) and in Australia and New Zealand (up by 13% on an organic basis). Order intake in emerging markets was up sharply in 2024, amounting to €6,279 million (+39% at constant scope and exchange rates) thanks to continued strong momentum in the Near and Middle East (with an organic increase of 80%).

    Order intake in the Aerospace segment totaled €6,434 million compared to €5,606 million in 2023 (+14% at constant scope and exchange rates). This solid growth reflects several trends.

    • The different segments of the Avionics market continued to record sustained demand in 2024;
    • The Space business posted sustained growth in order intake, including five orders with a unit value of more than €100 million recorded in the fourth quarter, four of which in OEN (Observation, Exploration & Science and Navigation) activities.
    • At December 31, 2024, the segment’s order book stood at €10.5 billion, up 13% from 2023.

    At €14,723 million compared to €13,944 million in 2023, order intake in the Defence segment set a new record (+5% at constant scope and exchange rates). The book-to-bill ratio was 1.34, above 1.2 for the sixth consecutive year. This high level is explained by continued strong demand in all activities, with twenty-seven contracts with a unit value of more than €100 million recorded in 2024. The segment’s order book reached a new record at €39.2 billion (up 12%), corresponding to 3.6 years of sales, offering strong visibility for the years ahead.

    At 4,032 million, order intake in the Cyber & Digital segment was structurally very close to sales as most business lines in this segment operate on short sales cycles. The order book is therefore not significant.

    Sales

    Note: full-year 2023 figures have been restated to reflect the transfer of cyber civil activities from the Defence segment to the Cyber & Digital segment.

    Sales for the 2024 financial year totaled €20,577 million, compared to €18,428 million in 2023, up 11.7% in total change and 8.3% in organic terms (at constant scope and exchange rates14), driven in particular by the robust performance of the Defence segment.

    Geographically15, sales recorded solid growth in both mature markets (+7.9% in organic terms) and emerging markets (+9.6% in organic terms), driven by double-digit growth in Asia.

    Sales in the Aerospace segment totaled €5,471 million, up 4.8% from 2023 (+2.9% at constant scope and exchange rates). Momentum in this segment reflects contrasting trends:

    • The Avionics business posted mid-single digit organic growth in 2024, notably driven by strong momentum in both original equipment activities and aftermarket services, with a return to pre-Covid levels in air traffic. However, as expected, the fourth quarter was impacted by delays in aircraft deliveries to airlines, which postponed in-flight entertainment (IFE) sales;
    • As expected, sales were almost flat in the Space business. The telecommunications segment continued to be impacted by structurally lower demand in the geostationary satellite market. Conversely, trends remain positive for OEN activities.

    Sales in the Defence segment totaled €10,969 million, up 13.9% from 2023 (+13.3% at constant scope and exchange rates). This strong growth came against a backdrop of steady growth in the Group’s production capacity, enabling it to meet high demand in all product lines. Growth was notably driven by land and air systems, such as tactical vehicles and systems or surface radars. The fourth quarter of 2024 also benefited from favorable cut-off effects.

    At €4,024 million, sales in the Cyber & Digital segment increased by 1.4% at constant scope and exchange rates (and +14.8% in total change including the positive scope effect of the acquisitions of Imperva and Tesserent). This moderate organic sales growth reflects different trends depending on the activities:

    • Strong momentum continued for cyber businesses, including a strong performance from Imperva;
    • Against a high comparison basis in 2023, payment services sales were impacted by destocking by our customers in North America;
    • Lastly, the digitalization of secure connectivity solutions maintained its strong growth. Sales generated in fully digital connectivity solutions (including eSIMs and on-demand connectivity platforms) recorded double-digit organic growth and accounted for more than half of sales of this secure connectivity solutions business in 2024.

    Results

    For 2024, the Group posted Adjusted EBIT16 of €2,419 million, or 11.8% of sales, compared to €2,132 million (11.6% of sales) in 2023.

    The Aerospace segment recorded Adjusted EBIT of €391 million (7.2% of sales), compared with €369 million (7.1% of sales) in 2023. The segment’s Adjusted EBIT margin is driven by the Avionics business, which posted a double-digit margin and improving, including the contribution of Cobham AeroComms. However, Space activities weighed on the segment’s margin, recording as expected a negative Adjusted EBIT margin in 2024 resulting from several factors: an expected increase in R&D spending, restructuring costs linked to the adaptation plan announced in March 2024 and the impact of inflation not reflected on past contracts.

    Adjusted EBIT for the Defence segment amounted to €1,432 million, compared with €1,270 million in 2023 (an increase of +13.0% at constant scope and exchange rates). The margin for this segment was stable at 13.1%, compared to 13.2% in 2023.

    At €585 million (14.5% of sales), Adjusted EBIT in the Cyber & Digital segment recorded solid growth in both value and margin. The improvement in profitability was notably due to the successful integration of Imperva and the robust margin on payment services and secure connectivity solutions for mobile networks in highly competitive markets.

    Naval Group’s contribution to the Group’s Adjusted EBIT amounted to €93 million in 2024, compared with €91 million in 2023.

    At -€166 million, compared with €2 million in 2023, net financial interest increased sharply, as expected. This increase was mainly linked to the substantial rise in debt following the acquisitions made in 2023. Other adjusted financial income16 stood at €35 million in 2024 versus -€37 million in 2023, reflecting the exceptional positive impact of dividends on non-consolidated affiliates and foreign exchange gains. The adjusted financial expense on pensions and other long-term employee benefits16 improved significantly (-€49 million compared with -€76 million in 2023), reflecting the removal of the interest expense following the transfer of UK pension obligations in December 2023.

    At €21 million, compared with €105 million in 2023, the Adjusted net income, Group share, from discontinued operations16 was in line with trends in the Transport business, which was sold on May 31, 2024.

    As a result, Adjusted net income, Group share16 was €1,900 million, compared to €1,768 million in 2023, after an adjusted income tax charge16 of -€427 million, compared to -€370 million in 2023. At 20.4% in 2024 compared to 20.1% in 2023, the effective tax rate was stable.

    The Adjusted net income, Group share, per share16 amounted to €9.24, up 9% from 2023 (€8.48).

    Consolidated net income, Group share, stood at €1,420 million, up 39% from 2023. This increase can be explained notably by the recognition in 2023 of a non-current and non-recurring expense linked to the implementation of insurance coverage for the Group’s commitments under the Thales UK Pension Scheme.

    Financial position at December 31, 2024

    Free operating cash flow17 amounted to €2,027 million compared to €2,026 million in 2023. It included a contribution of €2,142 million from continuing operations and -€116 million from discontinued operations. For continuing operations, the cash conversion ratio of Adjusted net income, Group share, into free operating cash flow was 114%.

    The net balance of acquisitions and disposals of subsidiaries and affiliates amounted to €359 million. Under its acquisition strategy, the Group completed two major operations in 2024:

    • The acquisition (on April 2, 2024) of Cobham Aerospace Communications, a leading supplier of cutting-edge technologies enabling flexible, integrated and more-autonomous avionics systems, based primarily in the United States and generating sales of approximately $200 million in 2023 (see press releases dated July 12, 2023 and April 2, 2024);
    • The sale (on 31 May 2024) to Hitachi Rail of the Transport business, a global leader in rail signaling and train control systems, telecommunications and supervision systems, and fare collection solutions (see press releases dated August 4, 2021 and May 31, 2024). This business generated sales of €1,822 million in 2023.

    As part of the share buyback program covering a maximum of 3.5% of the capital announced in March 2022 and completed in March 2024, 1,245,757 shares were repurchased during 2024, representing 0.6% of the share capital, for €176 million. The Group repurchased a total of 7,469,396 shares under this program, 3.5% of the share capital.

    At December 31, 2024, net debt amounted to €3,044 million compared with €4,190 million at December 31, 2023. This decrease reflects the impact of free operating cash flow generation, acquisitions and disposals for -€359 million (€3,464 million in 2023), the payment of €708 million in dividends (€634 million in 2023), new lease liabilities for €143 million (€166 million in 2023) and the share buyback program.

    Equity, Group share amounted to €7,515 million, compared with €6,830 million at December 31, 2023. This increase reflects the positive contribution of consolidated net income, Group share (€1,420 million) less the dividend payout (-€708 million) and share buybacks (-€176 million).

    Non-financial performance

    In line with its corporate purpose of “Building a future we can all trust”, Thales has set itself the ambition in terms of Corporate Social Responsibility (CSR): to contribute to a safer, greener and more inclusive world. First, the Group will seek to maximize the contribution of its portfolio of solutions to the planet and society. Secondly, Thales has set itself ambitious targets on three main priorities:

    • The fight against global warming;
    • Strengthening gender diversity at all levels;
    • The implementation of the best standards in terms of ethics and compliance.

    In terms of the fight against global warming, scope 1 & 2 CO2 emissions fell by 56.8% in 2024 compared to 2018 and scope 3 emissions fell by 24.7% compared to 2018. The Group has thus achieved its 2030 targets ahead of schedule for the second consecutive year. The absolute value reduction targets for carbon footprint remain relevant for 2030 given the Group’s growth prospects. To raise employee awareness to climate change and its impacts on society and on the Group, a voluntary training named “Thales Climate Passport” was deployed in 2024 with the aim of training 50% of managers. Over 67.4% of managers, representing around 35,000 employees, completed this training course in 2024, demonstrating the great success of this training.

    With regard to strengthening diversity, Thales has set itself an ambitious target for 2026 to have 75% of management committees with at least 4 women. Thus, at the end of 2024, 61.5% of the Group’s management committees had at least 4 women, compared to 52.6% at the end of 2023. The highest levels of responsibility comprised 21.1% women at the end of 2024[1]; a performance in line with the Group’s trajectory to reach the set goal of 22.5% by 2026 (compared to 20.4% at the end of 2023 and 16.6% at the end of 2018).

    In the area of ethics and compliance, 100% of employees concerned by the 2024 anti-corruption training campaign have been trained, demonstrating the Group’s continuous commitment to train all employees potentially exposed to risk situations. In 2024, the ISO 37001 certification “Anti-bribery management systems” was renewed for 3 years and extended to Germany, Australia, and New Zealand after Canada and the United States in 2023, and the United Kingdom and the Netherlands in 2022. Thus, in 2024, the revenue generated by certified entities represents 64% of the Group’s revenue (vs. 58% in 2023).

    [1] Percentage of women in the total workforce: 27.4%.

    Proposed dividend

    The Board of Directors decided to propose to the shareholders, who will convene at the Annual General Meeting on May 16, 2025, the payment of a dividend of €3.70 per share. This corresponds to a payout ratio of 40% of the Adjusted net income, Group share, per share.

    If approved, the ex-dividend date will be May 20, 2025, and the payment date will be May 22 2025. This dividend will be paid fully in cash and will amount to €2.85 per share, after deducting the interim dividend of €0.85 per share paid in December 2024.

    Outlook

    Thales is embarking on 2025 with confidence, bolstered by good visibility in the vast majority of its activities.

    In 2025, the Avionics business will be driven by both the original equipment and aftermarket services activities, the continued growth of the Cobham AeroComms business, and the gradual recovery of the IFE business. In the Space business, the outlook remains positive, particularly in the Observation, Exploration & Science, Navigation and military telecommunications activities. However, the structural weakness of demand in the geostationary satellite market will dampen the growth of this activity. Thales will continue to implement its cost adaptation plan, with the objective of an Adjusted EBIT margin of 7%+ in the Space business in 2028.

    The Defence segment, which enjoys a record order book, will be further supported by strong demand in 2025, against a backdrop of increasing military spending, particularly in the geographical areas where the Group operates. With the increase in its production capacity over the past several years and a portfolio of premium solutions incorporating differentiating leading technologies, Thales is ideally positioned to meet its customers’ needs.

    Lastly, the Cyber and Digital segment will benefit from positive momentum in 2025, supported by Thales’ unique positioning and leadership. The continued development of Imperva will strengthen the differentiating value proposition in cybersecurity activities in order to take advantage of the buoyant environment. The payment services business is also expected to gradually return to growth.

    The Group expects net investment expenses to slightly exceed €700 million in 2025 (after €617 million in 2024) to meet the need to increase production capacity, particularly in the Defence business.

    As a result, Thales sets the following targets for 2025:

    • A book-to-bill ratio above 1;
    • Organic sales growth of between +5% and +6%, corresponding to sales in the range of €21.7 billion to €21.9 billion;
    • An Adjusted EBIT18 margin between 12.2% and 12.4%, up 40 to 60 basis points from 2024.

    The Group also expects to maintain a high cash conversion ratio of between 95% and 100% in 2025.

    Note: assuming no new major disruptions of macroeconomic and geopolitical context; including tariff increase.

    Impact of new tax measures in France

    Following the adoption of the 2025 budget, which introduces various tax changes, the impacts for the Thales Group are as follows:

    • An additional tax expense of ~€80 million related to the temporary additional corporate tax charge, giving rise to an additional tax of 41.2% in 2025, resulting in an overall tax rate of 36.13% (instead of the current rate of 25.83%);
    • ~€8 million in taxes payable on share cancellations made in October 2024 as part of the share buyback program.

    The temporary additional contribution to corporate tax for Naval Group could have a negative impact of around €8 million on Thales’ Adjusted EBIT in 2025.

    These different impacts will represent an equivalent cash outflow in 2025.

    ****

    This press release contains certain forward-looking statements. Although Thales believes that its expectations are based on reasonable assumptions, actual results may differ significantly from the forward-looking statements due to various risks and uncertainties, as described in the Company’s Universal Registration Document, which has been filed with the French financial markets authority (Autorité des marchés financiers – AMF).


    1 In this press release, “organic” means “at constant scope and exchange rates”. See note on methodology on page 18 and calculation on page 23.

    2 Non-GAAP financial indicators, see definitions in the appendices, page 18. The title “EBIT” has been amended to “Adjusted EBIT”, in accordance with ESMA’s recommendation.The definition remains unchanged.

    3 Operating free cash flow from continuing operations, excluding the Transport activity sold on May 31, 2024.

    4 Proposed to the Annual General Meeting on May 16, 2025.

    5 Ratio of order intake to sales.

    6 As at the date of this press release, the verification process on the sustainability information is ongoing. With the exception of the possible impact of the conclusions of this process, the audit procedures have been carried out. The audit report will be issued following the Board of Directors’ meeting on April 2, after the finalization of the procedures related to sustainability information.

    7 Non-GAAP financial indicators, see definitions in the appendices, page 18.

    8 Proposed to the Annual General Meeting on May 16, 2025.

    9 Free operating cash flow from continuing operations, excluding the Transport activity sold on May 31, 2024.

    10 Mature markets: Europe, North America, Australia, New Zealand; emerging markets: all other countries. See table on page 22.

    11 Taking into account a currency effect of €49 million and a net scope effect of €625 million.

    12 See table on page 22.

    13 Mature markets: Europe, North America, Australia, New Zealand; emerging markets: all other countries. See table on page 22.

    14 The calculation of the organic change in sales is shown on page 23.

    15 See table on page 22.

    16 Non-GAAP financial indicator, see definition in the appendices, page 18 and calculation, pages 20 and 21.

    17 Non-GAAP financial indicator, see definition in the appendices, page 18.

    18 The title “EBIT” has been amended to “Adjusted EBIT”, in accordance with ESMA’s recommendation.The definition remains unchanged.

    MIL OSI Economics

  • MIL-OSI United Kingdom: 60% of weekly deliveries at Abertay University are now from the local area 

    Source: University of Abertay

    60% of weekly deliveries at Abertay University are now from the local area 

    Abertay University’s Commercial Services have adapted their operating model to focus on a more sustainable future. 

    Taking a comprehensive approach to food procurement and services on campus, the University integrates environmental, ethical, and social responsibility across its food services, sourcing, and waste management practices. 

    Prioritising local suppliers, 60% of the weekly catering deliveries now originate from Dundee, with 100% of suppliers based in Scotland. Through partnerships with TUCO (The University Caterers’ Organisation) and APUC (Advanced Procurement for Universities and Colleges), Abertay adheres to high sustainability standards, including the selection of Fairtrade-certified products when importing goods.  

    This localisation not only reduces food miles but also supports the regional economy. 

    Commercial Services have streamlined operations by reducing the number of food suppliers by 22% since 2020 and consolidating orders to minimise delivery frequencies. 

    Waste reduction initiatives encourage students and staff to use reusable mugs, with a discount offered at campus coffee shops.  

    In addition, a wide selection of plant-based milk and a growing range of vegan and vegetarian options further support healthier, low-impact food choices. 

    Unsold food items are donated to students and all food waste, including coffee grounds, is composted.  

    Energy-efficient equipment, such as Marco Ecoboilers and low-power Merrychef ovens, are used across coffee shops and the catering team follows strict guidelines to turn off non-essential equipment overnight and when outlets are closed, while motion-sensor lighting and efficient refrigeration further contribute to minimising energy consumption. 

    Chief Estates Officer, Cullen Warnock said:

    By embedding sustainability into our approach to food services we can have an impact for the local economy and make a positive difference to Net Zero goals. We recognise that there’s more to be done and will keen working with our staff, students and suppliers to improve the way we interact with food and catering on campus.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Open day connects NHS staff with cybersecurity experts as part of Cyber Scotland Week

    Source: University of Abertay

    Open day connects NHS staff with cybersecurity experts as part of Cyber Scotland Week

    The Abertay cyberQuarter recently welcomed over 80 NHS Scotland and public sector leaders for a special tour of the NHS’s cybersecurity operations during Cyber Scotland Week.

    As a specialist board of NHS Scotland with a broad focus on infrastructure, NHS National Services Scotland’s (NSS) Digital and Security Directorate is a founding partner of the Abertay cyberQuarter. Their Cyber Security team, headquartered at the cyberQuarter, hosted a special Cyber Centre of Excellence (CCoE) Open Day as part of the event.

    Held on Thursday 27 February 2025, the event attracted participants from NHS Scotland’s Health Boards, providing them with valuable insights into the Security Operations Centre (SOC). Attendees explored cutting-edge innovations in cybersecurity and participated in hands-on sessions led by experts from both industry and academia

    Supported by CCoE partners and the Scottish Government Digital Health and Care, the Open Day featured a variety of interactive workshops aimed at engaging both public sector leaders and operational cyber experts.

    Participants had the opportunity to meet NHS Scotland SOC analysts, experience an immersive cyber crisis simulation, and learn more about the 24/7 cybersecurity operations that help safeguard Scotland’s healthcare infrastructure.

    Professor Lynne Coventry, Director of Abertay cyberQuarter, delivered an academic talk highlighting the importance of industry-academia partnerships and an understanding of human behaviour to tackle evolving cyber threats .

    Professor Coventry said:

    Hosting the NHS CCoE Open Day at Abertay cyberQuarter is a fantastic opportunity to demonstrate how academia and industry can work together to enhance Scotland’s cyber resilience. The event provided valuable discussions, hands-on experience, and a chance to build connections that will help drive future innovation in cyber security.

    Guided tours of the cyberQuarter also gave visitors a behind-the-scenes look at how the state-of-the-art facility fosters collaboration, research, and skills development in the cyber security sector.

    A panel discussion provided a platform for attendees to explore key challenges in cyber security, with the event encouraging open dialogue on the threats faced by healthcare organisations and the strategies needed to stay ahead.

    Nils Krichel, Head of the CCoE at NSS, commented:

    We are very thankful to Abertay and all our partners for their support in making this event a great success. It was wonderful to welcome a diverse group of collaborators, partners, and experts, all united by our goal to ‘defend as one’ against the cyber challenges we face. The discussions were very insightful, and we see great value in continuing to hold events like this in the future.

    NHS NSS was announced as the Abertay cyberQuarter’s first tenant back in 2021, creating 30 new jobs in Dundee.

    The Abertay cyberQuarter opened in 2022, receiving a total of £5.7 million in funding from the UK Government and £6 million from the Scottish Government as part of the Tay Cities Deal. Since launching, the hub has attracted over 12 partners, including prominent organisations like the NHS Scotland Cyber Centre of Excellence, NCRAtleos, and ScotlandIS. 

    Since its launch, the facility has hosted a diverse range of conferences, industry workshops, and learning sessions, boosting collaboration among organisations to help address global cybersecurity challenges. These initiatives not only enhance the skills of students and professionals in the field but have also contributed to strengthening the cyber resilience of the local community.

    MIL OSI United Kingdom

  • MIL-OSI Security: Man dies at address in Homerton Road, E9

    Source: United Kingdom London Metropolitan Police

    A murder investigation is underway following the death of a man in Hackney.

    Police were alerted to the incident after a man, aged in his 50s, attended a police station shortly after 10:00hrs on Monday, 3 March. He has been arrested on suspicion of murder and remains in custody.

    Officers and the London Ambulance Service attended an address in Homerton Road, E9 and discovered the body of a man, believed aged in his 60s.

    Work is ongoing to identify and inform his next of kin.

    Both men are believed to know each other and police are not seeking anyone else in connection with this incident.

    Enquiries into the circumstances continue.

    Acting Chief Superintendent Brigid Beehag-Fisher, responsible for policing in Hackney and Tower Hamlets, said: “I know this will be distressing for local residents as well as the wider community. There will be increased policing presence in and around the location in the coming days.

    “Please speak to any of these officers and PCSOs if you have any concerns. If you have any information, please speak to one of the team at the scene or call 101 or ‘X’ @MetCC and quote CAD1822/3Mar. You can also provide information anonymously to the independent charity Crimestoppers on 0800 555 111.”

    MIL Security OSI

  • MIL-OSI: The Eclipse Foundation to Showcase Advanced, Industry-Ready Open Source Embedded Technologies at embedded world 2025

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS, March 04, 2025 (GLOBE NEWSWIRE) — The Eclipse Foundation, one of the world’s largest open source software foundations, today announced its participation at embedded world 2025. Located in Hall 4, booth #4-554, the Eclipse Foundation booth will showcase a wide array of open source embedded projects, including the latest advancements from Eclipse ThreadX, the OpenHW Foundation, Eclipse Development Tools and IDEs, and cutting-edge solutions from the Software Defined Vehicle (SDV) Working Group.

    “We’re excited to once again engage with the developer community at embedded world 2025,” said Mike Milinkovich, executive director of the Eclipse Foundation. “Open source is at the forefront of embedded innovation, including increasing relevance in sectors requiring functional safety, driving growth across diverse use cases. Our expanding ecosystem reflects this momentum, with new members, groundbreaking projects, and continuous technological evolution.”

    Featured Innovations at embedded world 2025
    The Eclipse Foundation will showcase a comprehensive portfolio of open source solutions spanning industrial IoT, automotive, robotics, AI, and embedded software development tools. Key highlights include:

    • Eclipse ThreadX: The World’s First Safety-Certified Open Source RTOS

    Eclipse ThreadX is the industry’s first and only safety-certified open source Real-Time Operating System (RTOS), setting new benchmarks for reliability and security in embedded systems. Supported by the ThreadX Alliance, it fosters a vibrant ecosystem focused on long-term sustainability, industry collaboration, and safety certification resources. As a powerful open source alternative to proprietary RTOS solutions, Eclipse ThreadX meets the rigorous demands of automotive, medical, aerospace, industrial, and other safety-critical applications, enabling organizations to innovate without vendor lock-in.

    • OpenHW Foundation: High-Performance Open Source Cores and Processor IP

    The OpenHW Foundation is the world’s only non-profit organization dedicated to delivering verified, industrial-grade open source processor cores. At embedded world, OpenHW will showcase its latest RISC-V–based processor IP, with live demonstrations of production-ready cores optimized for high-performance, embedded, and AI-driven applications.

    • Eclipse Tools: Empowering Embedded Development with Open Tools and Platforms.

    The Eclipse Foundation will also feature its powerful open source IDEs and cloud-based development platforms, including Open VSX, Eclipse Theia, and the Eclipse IDE. These platforms provide flexible, scalable solutions for embedded programming, enhancing productivity, and fostering collaboration within the global developer community.

    • Software Defined Vehicle (SDV): Shaping the Future of Automotive Software

    The Eclipse SDV Working Group is driving innovation in automotive software with a comprehensive open source ecosystem. Attendees can explore an extensive suite of protocols, libraries, tools, and frameworks designed to accelerate the development of Software Defined Vehicles, enabling next-generation automotive features, connectivity, and functionality.

    • Open Regulatory Compliance: Navigating Complex Regulations

    The Open Regulatory Compliance Working Group plays a pivotal role in helping embedded technology providers navigate the evolving regulatory landscape. This initiative is focused on ensuring compliance with global standards and emerging regulations, such as the Cyber Resilience Act (CRA), empowering organizations to innovate confidently while meeting industry requirements, safeguarding both product integrity and market access.

    Join us at embedded world 2025
    Discover the future of open source embedded technology at embedded world 2025, taking place from March 11-13 at the Exhibition Centre Nuremberg. Meet with Eclipse Foundation representatives in Hall 4, Booth #4-554 to explore our cutting-edge solutions and learn how to get involved with our dynamic community.

    For more information on membership and participation, visit our membership page.

    About the Eclipse Foundation
    The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and embedded applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 300 members. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.

    Third-party trademarks mentioned are the property of their respective owners.

    Media contacts:
    Schwartz Public Relations (Germany)
    Gloria Huppert/Marita Bäumer
    Sendlinger Straße 42A
    80331 Munich
    EclipseFoundation@schwartzpr.de
    +49 (89) 211 871 -70/ -62

    514 Media Ltd (France, Italy, Spain)
    Benoit Simoneau
    benoit@514-media.com
    M: +44 (0) 7891 920 370

    Nichols Communications (Global Press Contact)
    Jay Nichols
    jay@nicholscomm.com
    +1 408-772-1551

    The MIL Network

  • MIL-OSI: Proposals to the Annual General Meeting of Municipality Finance Plc

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock Exchange Release
    4.3.2025 at 12 noon (EET)

    Proposals to the Annual General Meeting of Municipality Finance Plc

    Municipality Finance Plc’s (hereinafter MuniFin) Board of Directors (the Board) and the Shareholders’ Nomination Committee (the Nomination Committee) have made the following proposals to the Annual General Meeting (the AGM) convening on 25 March 2025 at 10:00 (EET):

    Use of profit shown on the balance sheet and the distribution of dividend

    MuniFin has distributable funds of EUR 373,330,287.47 of which the profit for the financial year totaled EUR 73,737,412.43.

    In accordance with the dividend policy MuniFin’s aim is to pay 30-60% of the Group’s financial year’s profit in dividends. The Board proposes to the AGM that a dividend of EUR 1.86 per share, totaling EUR 72,658,664.28 shall be distributed based on the balance sheet to be adopted for 2024. This corresponds to 54.8% of the Group’s financial year’s profit.

    MuniFin’s profit for the financial year is strong. The Board considers the proposed payment of dividend justified. MuniFin clearly fulfils all the prudential requirements set to it. No substantial changes in the company’s financial position have occurred after the end of the financial year and the Board estimates that the distribution of dividends will not place the fulfilment of the capital requirements or the company’s liquidity in jeopardy nor is it incompatible with the legislation applicable to MuniFin.

    The dividend is paid to a shareholder who is registered in the company’s shareholder register maintained by Euroclear Finland Ltd on the record date of dividend payment on 27 March 2025. The Board proposes that the dividend be paid 3 Aprill 2025 or as soon as possible thereafter.

    Remuneration and composition of the Board

    The Nomination Committee proposes to the AGM the following remuneration of the Board for the term from the closing of the 2025 AGM to the closing of the next AGM (the Term 2025-2026):

    • Annual fixed remuneration of the Chair of the Board EUR 51,000
    • Annual fixed remuneration of the Vice Chair of the Board EUR 33,000;
    • Annual fixed remuneration of the Chair of the Risk or Audit Committee EUR 36,000;
    • Annual Fixed remuneration of Board member EUR 28,000; and
    • For each Board and committee meeting as well as for each meeting required by the authorities, to the members and Vice chair of the Board, a fee of EUR 600 per meeting attended and to the Chairs, EUR 950 per meeting attended

    The proposed remuneration means an increase of EUR 6,000 to the annual fixed remuneration of the Chair of the Board, an increase of EUR 4,000 to the annual fixed remuneration of the Vice Chair of the Board, an increase of EUR 5,000 to the annual fixed remuneration of the Chairs of the Risk and Audit Committees and an increase of EUR 3,000 to the annual fixed remuneration of a Board member.

    The Nomination Committee proposes to the AGM that nine members will be elected to the Board for the Term 2025–2026. The Nomination Committee proposes that the following current members will be re-elected: Ms. Maaria Eriksson, Mr. Kari Laukkanen, Mr. Tuomo Mäkinen, Ms. Elina Stråhlman, Ms. Leena Vainiomäki and Mr. Arto Vuojolainen. In addition, the Nomination Committee proposes that Ms. Liisa Harju, Mr. Juho Malmberg and Mr. Henrik Rainio will be elected to the Board as new members. Mr. Markku Koponen and Mr. Dennis Standell, current members of the Board, will not be available to the Board for the next term.

    Liisa Harjula serves as Senior Ministerial Adviser at the Ownership Steering Department of the Prime Minister’s Office. Harjula has extensive experience in private equity investment, financial management, and investor relations. Juho Malmberg is a professional board member with extensive experience from leadership roles in IT management across the banking sector and other industries. Henrik Rainio serves as the Director of Finance at the City of Porvoo. Rainio has essential expertise in the Finnish municipal sector, which is crucial for MuniFin’s business.

    The Nomination Committee proposes to the Board to be elected by the AGM to reappoint Kari Laukkanen as the Chair and Maaria Eriksson as the Vice Chair.

    Election and remuneration of the auditor

    The Board proposes to the AGM to elect PricewaterhouseCoopers Oy as the company’s auditor for the Term 2025–2026. PricewaterhouseCoopers Oy has announced that if they are elected as the company’s auditor, Jukka Paunonen, APA, will act as the principal auditor. The Board proposes to the AGM that the auditor’s fees be paid according to the invoice approved by the company.

    Sustainability reporting verifier and remuneration

    The Board proposes to the Annual General Meeting that the authorized sustainability audit firm PricewaterhouseCoopers Oy be selected as the company’s sustainability reporting assurer for the term 2025-2026. PricewaterhouseCoopers Oy has informed the company that Tiina Puukkoniemi will act as the responsible sustainability reporting auditor. The Board proposes to the Annual General Meeting that the sustainability reporting assurer’s fees be paid according to the invoice approved by the company.

    The invitation to the AGM, including relevant appendices, is available on MuniFin’s website in Finnish.

    MUNICIPALITY FINANCE PLC

    Further information:

    Esa Kallio
    President and CEO
    tel. +358 50 337 7953

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    The MIL Network

  • MIL-OSI United Kingdom: Central Library to host North East poets celebration

    Source: Scotland – City of Aberdeen

    Aberdeen Central Library is hosting a special World Book Day evening of poetry and music this week to celebrate the North East’s poets, past and present.

    The event takes place this Wednesday (5 March) between 6 and 7.30pm and launches The Wee Gaitherin’ Heritage Exhibition  which runs at the library until World Book Night on 23 April.

    Contemporary Poets, including Hugh McMillan, Shane Strachan, Cáit O’Neill McCullagh Nicola Furrie-Murphy, Neil Young and Lesley Benzie, will read their own works as well as extracts from some renowned writers of the past, from 1320 through to the 21st century. Accomplished local musicians, David & Gloria Potter, will also entertain with their music and song. Free refreshments will also be available.  

    Councillor Martin Greig, Aberdeen City Council’s culture spokesman, said: “Aberdeen and the North East has a strong and distinctive tradition of poetry and song that stretches back many centuries. The Wee Gaitherin Heritage Exhibition is a welcome opportunity to celebrate our local literary heritage and keep it alive for the future.

    “Over the last 700 years, North East writers have produced a considerable body of imaginative works in poetry and fiction. The exhibition will not only give much pleasure to readers of all ages, the texts will hopefully inspire new writing and fresh talent.” 

    The exhibition will run from 6th March 2025, World Book Day, through to World Book Night on 23rd April 2025.
     
    The exhibition grew out of its charitable community engagement program and owes its existence to the enormous amount of work generously volunteered by Gloria Potter who curated and organised all the other local writers/artists and local history enthusiasts involved.  

    In addition to celebrating the long and rich written cultural heritage of the North East, this significant legacy exhibition offers a wide array of poetry from the output of workshops with school pupils and all-age workshops held within Stonehaven library, who were hugely supportive partners.

    To reserve your place online at http://bit.ly/ACLEventsCalendar, email libraryevents@aberdeencity.gov.uk or phone 01224 070707. 
     

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: End-of-life Care crisis in the capital?

    Source: Mayor of London

    In London, by 2035, the number of people aged above 60 years is predicted to rise by 48 per cent and the number aged above 80 is set to rise by 70 per cent. This compares to a 12 per cent increase in the numbers aged under 60 over the same period.1 This will have implications for end-of-life care provision in the capital.

    Marie Curie has stated that end-of-life care in the UK is “in crisis”, with one in four people not getting the care they need, one in three dying in overwhelming pain, and one in five unable to access GPs in the last three months of life.2

    End-of-life care (EOLC) is usually defined as care for people likely to die within a year.3

    It is intended to enable people to live as well as possible until they die, and to die with dignity.

    Tomorrow, the London Assembly Health Committee will:

    • Assess the state of end-of-life care provision in London, with a particular focus on end-of-life care for elderly
    • Explore variations in access to quality end-of-life care across London
    • Understand what action national and local government and the Mayor can take to support equitable access to end-of-life care for elderly patients in London.

    The guests are:

    Panel 1 – 10:00 – 11:25

    • Dr Katherine Buxton – Clinical Director for Palliative and end of life care network, NHS England, London
    • Sarah Scobie – Deputy Director of Research, Nuffield Trust
    • Dr Lyndsey Williams – GP and Clinical lead, North West London Integrated Care Board Palliative and End of Life Care Programme

    Panel 2 – 11:30 – 13:00

    • Becca Trower – Joint CEO and Clinical Director, St Raphael’s Hospice
    • Ruth Driscoll – Associate Director for Policy & Public Affairs, Marie Curie
    • Dr Armita Jamali – Consultant in Palliative Medicine, The Royal Marsden and Royal Brompton Hospitals
    • Dr Libby Sallnow – Associate Professor, Head of Marie Curie Palliative Care Research Department, University College London (UCL)

    The meeting will take place on Wednesday 5 March from 10am in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

    Media and members of the public are invited to attend.

    The meeting can also be viewed LIVE or later via webcast or YouTube.

    Follow us @LondonAssembly.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Employment Rights Bill to boost productivity for British workers and grow the economy

    Source: United Kingdom – Government Statements

    Press release

    Employment Rights Bill to boost productivity for British workers and grow the economy

    The Government will today table amendments to the Employment Rights Bill.

    • The Government will lay amendments to the Employment Rights Bill following weeks of consultation with business groups and unions. 
    • The Bill will support the Government’s mission to increase productivity and create the right conditions for long-term sustainable, inclusive, and secure economic growth, delivering on the Plan for Change.
    • Improving workers’ rights is a key element of the government’s Plan for Change by putting more money in people’s pockets, improving working people’s day to day lives and delivering real life improvements felt by working people. 

    The Government will today [Tuesday 4 March] table amendments to the Employment Rights Bill following weeks of consultation and responses from business groups, trade unions and wider civil society. 

    These amendments demonstrate the Government’s commitment to working in partnership with businesses and trade unions to ensure the plan to Make Work Pay is firmly pro-business and pro-worker. 

    Responses to five consultations ranging from zero-hours contracts to Statutory Sick Pay will also be published which show how the Government has listened to the views of stakeholders. 

    The Government’s Plan to Make Work Pay is a core part of the mission to grow the economy, raise living standards and create opportunities for people across the country. These amendments will deliver on the Plan for Change by tackling the low pay, poor working conditions and poor job security that has been holding the UK economy back. 

    This landmark Bill will extend the employment protections already given by the best British companies to millions more workers. This will put the UK back in step with competitors in other advanced economies, who are already acting to adapt to the changing world of work. 

    The Bill’s impact assessment, which was published last year, showed that many of the policies within the Employment Rights Bill could help support the Government’s Mission for Growth.” It concluded that that the package could have “a positive but small direct impact on economic growth” and will “help to raise living standards across the country and create opportunities for all.” This is the result of a pro-business, pro-worker, approach which is going to help usher in a decade of national renewal. 

    The Deputy Prime Minister Angela Rayner said:

    For too long millions of workers have been forced to face insecure, low paid and irregular work, while our economy is blighted by low growth and low productivity.   

    We are turning the tide – with the biggest upgrade to workers’ rights in a generation, boosting living standards and bringing with it an upgrade to our growth prospects and the reforms our economy so desperately needs.   

    We have been working closely with businesses and workers to progress this landmark bill and deliver our Plan for Change – unleashing growth and making work pay for everyone.

    Business Secretary Jonathan Reynolds said:

    Past Governments’ low growth and low productivity economy simply did not deliver what the UK needs, which is why we are choosing stability, investment and reform, not chaos, austerity and decline. This is why our mission to grow the economy as part of our Plan for Change is based on putting more money in working people’s pockets by making wages fairer and work more secure.  

    Many businesses already have worker friendly practices in place and can attest to the positive impact they have on retention, productivity and job satisfaction. We want to go further and untap the UK’s full potential by attracting the best talent and giving business the confidence to hire to help the economy grow.

    The amendments set out later today carefully consider different views and needs of workers, businesses and the whole economy and looks to deliver measures that support the mutual interests required to drive a growing, modern economy. We are delivering reform through our Plan for Change to create a decade of national renewal, meaning increased living standards across every part of the UK and putting politics back in the service of working people. 

    They come following responses received to five Government consultations: 

    • Application of zero hours contracts measures to agency workers

      All workers, including up to 900,000 agency workers in the UK, should be able to access a contract which reflects the hours they regularly work. These amendments will ensure that agency work does not become a loophole in our plans to end exploitative zero hours contracts. They will offer increased security for working people to receive reasonable notice of shifts and proportionate pay when shifts are cancelled, curtailed or moved at short notice – whilst retaining the necessary flexibility for employers in how they manage their workforces.  

    • Strengthening remedies against abuse of rules on collective redundancy

      The Government will increase the maximum period of the protective award from 90 days to 180 days and issue further guidance for employers on consultation processes for collective redundancies. Increasing the maximum value of the award means an Employment Tribunal will be able to grant larger awards to employees for an employer’s failure to meet consultation requirements. We want to enhance the deterrent against employers deliberately ignoring their collective consultation obligations and ensure it is not financially beneficial to do so. 

    • Creating a Modern Framework for Industrial Relations

      The government is updating the legislative framework in which trade unions operate to align it with modern work practices. We are ensuring industrial relations are underpinned by collaboration, proportionality, accountability, and a system that balances the interests of workers, businesses and the wider public, with further details in the consultation response.   

    • Strengthening Statutory Sick Pay

      The Government will ensure the safety net of Statutory Sick Pay is available to those who need it the most, making it a legal right for all workers for the very first time.  Up to 1.3 million employees on low wages who find themselves unable to work due to sickness will either receive 80 per cent of their average weekly earnings or the current rate of Statutory Sick Pay – whichever is lower. We are also ensuring employees have a right to Statutory Sick Pay from the first day of sickness absence, so they are able to take the time off they need to recover and stay in work rather than risk dropping out altogether. The changes will also reduce the amount of people going to work when ill and therefore the spread of infections in the workplace – boosting productivity and benefiting businesses. 

    • Tackling non-compliance in the umbrella company market

      The Government will act to ensure that workers can access comparable rights and protections when working through a so-called umbrella company as they would when taken on directly by a recruitment agency. Enforcement action can be taken against any umbrella companies that do not comply.  

    A strong package of workers’ rights and protections goes hand in hand with a strong economy because a secure workforce will be more productive and have more confidence to spend in the economy. This contributes to growth – both through the work that people do, and the money that they spend. 

    As well as creating protections for people at work, the Government is determined to create a modern economy that works for businesses and workers alike. We are delivering these reforms collaboratively, pragmatically, and in a reasonable timeframe where businesses can prepare.  

    For businesses to thrive they must operate on a level playing field. The Fair Work Agency will take strong action against rogue employers that exploit their workers, and it will provide better support to the majority of businesses who want to do right by their staff. 

    The Government will continue to hold continuous extensive engagement as we develop our Plan to Make Work Pay and as the details of these polices are developed. 

    Paul Nowak, TUC General Secretary said:

    Everyone deserves security and respect at work. These common-sense reforms will improve the quality of jobs in this country, boost growth and put more money into people’s pockets. 

    Policies like banning exploitative zero-hours contracts, ensuring protection from unfair dismissal from day one, and tackling ‘fire and rehire’ are long overdue and necessary. 

    This is about creating a modern economy that works for workers and business alike. Driving up employment standards in Britain will stop good employers from being undercut by the bad and will mean more workers benefit from a union voice.

    Jane Gratton, Deputy Director of Public Policy at the BCC, said:

    Employers will be relieved to see some amendments, at what is clearly a milestone moment for Government. It has consulted business – and this is reflected in some of the decisions on the future shape of the legislation. There is much here to welcome as sensible moves that will help ensure that employment works for both the business and the individual, including the nine-month statutory probation period and the promise of a light touch approach, as well as the return to the single establishment rule for collective redundancy. 

    But businesses remain cautious, and it is important to continue ensuring the Bill strikes the right balance.  Employers will look forward to hearing, engaging with and shaping further detail. The government must continue its positive approach to engagement with firms and remain open to changes. Doing so will ensure this legislation is proportionate, affordable, and right for both firms and their employees.

    Centrica Group Chief Executive, Chris O’Shea said:

    We are fully supportive of this legislation. This isn’t just the right thing to do—it’s a foundation for the high-growth, high-skill economy the UK needs. While no one business has all the answers, our experience at Centrica shows that our business thrives when our people thrive – so stronger rights for workers mean stronger businesses, and that’s a win for everyone.  

    As we look to invest billions in green energy, nuclear, and hydrogen storage, having a skilled and engaged workforce is critical to delivering on the UK’s energy security and net zero ambitions. The Government’s wider growth and energy missions rely on businesses and workers pulling in the same direction—I hope this Bill helps make that possible.

    Julie Abraham, CEO of Richer Sounds said:

    At Richer Sounds, we have always put the treatment and wellbeing of our colleagues at the forefront of everything we do.  Any responsible business will know that well-treated and well-paid colleagues will be beneficial in numerous ways.  

    Happy colleagues are likely to be more productive. This also leads to reduced stock loss and higher staff retention, which in turn, minimises recruitment and training costs, not to mention disruption to established teams.  We support any government legislation that will help end exploitative working practices and improve the lives of working people.

    Ann Francke OBE, Chief Executive Officer of the Chartered Management Institute (CMI), said:

    The Employment Rights Bill represents a significant step forward in improving conditions for the UK’s workforce. Many of these measures reflect what successful, responsible and forward-looking employers are already doing.  

    CMI has welcomed the Government’s collaborative approach in progressing this Bill, working alongside both businesses and unions to find the balance needed. The real key to success, however, will be the ability of skilled managers to implement these changes, ensuring they get it right and can deliver growth and productivity benefits for organisations whilst ensuring individuals are treated fairly.  

    We look forward to working closely with the Fair Work Agency to ensure managers and leaders are equipped with the skills they need to navigate this milestone piece of legislation.

    Simon Deakin, Professor of Law, University of Cambridge said:

    The research we have done in Cambridge shows that on average, strengthening employment laws in this country in the last 50 years has had pro-employment effects.  

    The consensus on the economic impacts of labour laws is that, far from being harmful to growth, they contribute positively to productivity. Labour laws also help ensure that growth is more inclusive and that gains are distributed more widely across society.

    Claire Costello, Chief of People and Inclusion Officer – Co-op

    The Co-op support the Government’s ambitions to strengthen rights for workers through the Employment Rights Bill. It’s our belief that treating employees well – a key objective of this Bill – will promote productivity and generate the economic growth this country needs.

    Neil Carberry, CEO of Recruitment & Employment Confederation, said:

    Regulating the umbrella market closes a loophole in addressing non-compliance. Recruiters have long called for regulations that ensure a level playing-field. Like all aspects of the Government’s changes, proper enforcement will be key to protecting both businesses and workers.

    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Prime Minister congratulates H.E. Mr. Christian Stocker on being sworn in as the Federal Chancellor of Austria

    Source: Government of India

    Posted On: 04 MAR 2025 11:47AM by PIB Delhi

    The Prime Minister Shri Narendra Modi today congratulated H.E. Mr. Christian Stocker on being sworn in as the Federal Chancellor of Austria. He added that the India-Austria Enhanced Partnership was poised to make steady progress in the years to come.

    Shri Modi in a post on X wrote:

    “Warmly congratulate H.E. Christian Stocker on being sworn in as the Federal Chancellor of Austria. The India-Austria Enhanced Partnership is poised to make steady progress in the years to come. I look forward to working with you to take our mutually beneficial cooperation to unprecedented heights. @_CStocker”

     

     

    ***

    MJPS/SR

    (Release ID: 2107979) Visitor Counter : 53

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: Primary school sporting festival celebrates culmination of skills sessions

    Source: City of Winchester

    Children from across the Winchester district have marked the development of their sporting skills with a celebratory festival.     

    The inter-schools festival marked the culmination of ten weeks of sports sessions at local primary schools involving over 700 children. The sessions were arranged by Winchester City Council in partnership with ActiveMe 360.

    Over 50 pupils took place in a range of challenges in the end festival, which took place in February at the King George V Playing Fields and the University of Winchester all-weather pitch.

    Those taking part in the festival included children from Years 5-6 from: All Saints CE Primary School; Durley Primary School; Stanmore Primary School; Colden Common Primary School; Hambledon Primary School; and Swanmore Primary School.

    The project was funded by the UK Government through the Levelling Up Shared Prosperity Fund.

    Winchester City Council’s Cabinet Member for Community and Engagement Cllr Kathleen Becker said: “These sporting sessions have been a wonderful opportunity for local children across the district to learn more about a range of popular sporting pastimes, and then demonstrate that learning in a very fun way at a tournament to celebrate all that they have learned and achieved.

    “It has been great to see so many primary schools in our local community getting involved with the sessions. Well done to everyone who took part!”

    Jane Hall, headteacher at All Saints CE Primary School in Winchester, said: We have been delighted by the progression of our children’s teamwork and collaboration skills as a result of the sessions. The children have loved taking part in the coaching sessions and were extremely keen to join in each week.

    “It has been an excellent opportunity for the children to be physically active whilst having such an enjoyable time.”

    Chris Fraser-Wade, Director of Business Operations at ActiveMe 360 said: “At ActiveMe 360, we want people to live healthier, happier, more active lives. This is our fourth year of partnership with Winchester City Council and since last summer, we’ve engaged over 700 pupils across local schools through our Jag Tag, football, and cricket school-based projects, plus many more in the wider community during the school holiday periods.

    “It’s always been more than just sport. It’s been about giving every child the chance to grow in confidence, develop key life skills, and improve their physical, mental, and social wellbeing”.

    MIL OSI United Kingdom

  • MIL-OSI Economics: Huawei Unveils the AI WAN Solution, Accelerating Transition to the Net5.5G Intelligent Network Era

    Source: Huawei

    Headline: Huawei Unveils the AI WAN Solution, Accelerating Transition to the Net5.5G Intelligent Network Era

    [Barcelona, Spain, March 3, 2025] At MWC Barcelona 2025, Leon Wang, President of Huawei’s Data Communication Product Line, officially unveiled the AI WAN Solution during the product and solution launch event. He noted that carriers are accelerating the convergence of networks and AI. AI WAN comprehensively empowers IP networks in the Net5.5G era using AI. The solution enables carriers to build networks with optimal TCO, expand service boundaries, improve operations efficiency, and stimulate new service growth.
    Leon Wang, President of Huawei’s Data Communication Product Line, unveiling the AI WAN Solution

    Three-Layer AI WAN Architecture: Enabling New Network Intelligence Capabilities
    The AI WAN Solution features a three-layer architecture consisting of AI routers, AI new connections, and AI new brain, comprehensively enhancing network performance and intelligence. AI routers integrate millisecond-level flow reporting, high-accuracy flow identification, and efficient security protection engines, building an AI WAN foundation for intelligent capabilities. AI new connections enable flow-level scheduling to meet the diverse network requirements of various applications, allowing carriers to offer a wider array of value-added services. By harnessing Network Digital Map and Network Foundation Model, the AI new brain creates network AI agents to assist carriers in online change simulation, fault diagnosis, and fault handling, ultimately improving O&M efficiency.
    AI WAN Inspires New Growth of Traditional Services and Opens Up New Market Space
    Accelerated ROI for individual services: To address the challenges of base station traffic management for carriers, AI WAN utilizes predictive operations to efficiently identify sites with suppressed traffic, enabling carriers to make targeted investments. MTN South Africa operates over 7,000 base stations, and 10% of them experienced severe link congestion, compromising traffic experiences of users. By leveraging AI WAN’s millisecond-level traffic collection and minute-level prediction capabilities, MTN has secured an efficient capacity expansion solution. Following deployment, the dataflow of usage (DOU) in Johannesburg rose by 25%, while traffic grew by 15.4%.
    Experience monetization–driven new revenue for home services: By harnessing AI-powered inference technology, AI WAN enables accurate identification of encrypted flows, unlocking new opportunities for carriers through monetization of differentiated experiences. Carrier CTM partnered with Huawei to optimize network services using an AI computing engine. This resulted in a dramatic reduction in game latency, a significant decrease in user churn rate, and an estimated 28% increase in average revenue per user (ARPU). In addition, another carrier cooperated with Huawei to conduct experience-centric operations based on AI-powered poor-QoE analysis, providing deterministic cloud-network services. This innovative solution not only significantly enhanced user experience but also attracted a substantial number of new cloud broadband package subscribers. Consequently, the ARPU is expected to see a substantial increase.
    New service offerings with security protection and computing-network integration for enterprise services: AI WAN offers value-added intelligent flash defense services that can accurately identify attack flows, enabling carriers to provide efficient security protection services for enterprise users. The revenue is expected to increase by 35%. In addition, AI WAN provides elastic and lossless transmission capabilities, helping carriers expand new ToB integrated computing-network services. Huawei and China Telecom Shanghai have collaborated to innovate the AI WAN Solution for computing WAN scenarios, creating an end-to-end 400GE computing WAN plane. Key technologies, such as lossless WAN, were employed to enable efficient transmission of computing power services. Ultimately, computing power leasing and computing network services were provided to industry customers.
    Wang emphasized that Huawei will remain at the forefront of network intelligence innovation, developing industry-leading products and solutions. It will work closely with partners to build AI WAN, accelerate carriers’ service growth, and jointly move toward the Net5.5G intelligent network era.
    MWC Barcelona 2025 is held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.
    In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world.
    For more information, please visit: https://carrier.huawei.com/en/events/mwc2025

    MIL OSI Economics